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Investment Watch: A guide to emerging cryptocurrency technologies

This article outlines three emerging cryptocurrency technologies, all of which have the potential to disrupt today’s blockchain industry and make a significant contribution to the new decentralised global economy.

This article outlines three emerging cryptocurrency technologies, all of which have the potential to disrupt today’s blockchain industry and make a significant contribution to the new decentralised global economy.

LYM Token Holders to Receive Shares from Lympo

The Lympo decentralized system ensures that individuals will get monetary rewards, which is quite a deviation from the existing systems where only the health and fitness companies reap profits. The aim of Lympo is to create an ecosystem that rewards those who lead a healthy life. The Health and Fitness Industry is Poised for Growth … Continue reading LYM Token Holders to Receive Shares from Lympo

The post LYM Token Holders to Receive Shares from Lympo appeared first on NewsBTC.

The Lympo decentralized system ensures that individuals will get monetary rewards, which is quite a deviation from the existing systems where only the health and fitness companies reap profits. The aim of Lympo is to create an ecosystem that rewards those who lead a healthy life.

The Health and Fitness Industry is Poised for Growth

In the last few years, there has been raising awareness about health and fitness. By 2022, this industry is expected to be worth about $233 billion. As a result, investing in Lympo is a guarantee that your investment will pay off in future. After 2022, the health and fitness industry is only going to keep expanding. This is because there is a young generation of people growing up, who understand the true value of exercise and a healthy lifestyle.

The LYM Token has Real Use Cases

With the help of blockchain technology, Lympo is going to let users sell their data to health and fitness companies. This way, the companies are able to come up with better equipment and training regimes. Unlike most other tokens, whose only value is that they exist, the LYM tokens have real use cases. The result is that those who invest in them now will get to see major rewards in future.

Lympo Plans to Distribute Shares to LYM Token Holders

Lympo recently decided that they would distribute 20% of their shares to LYM token holders. This is after they became unsatisfied with the current state of affairs. When a company holds an ICO, they usually get funding, but investors usually have little say on how the company is run.

In addition to that, the crypto market is quite unstable, and most tokens tend to see huge losses in value. With all these things considered, the company has decided that they will become a force for good. There are people in the world of crypto who believe that the value of a coin increases when it has an additional value such as shares in the company. Lympo wants to be the first company to make this a reality.

What the Move Means

The move will mean holders of the LYM token will have a say in the decisions of the company. Besides that, it will ensure real transparency for those who participated in the ICO. Additionally, it is going to mean that the LYM token holders will actually see real value for their tokens. The LYM tokens can also be utilized in the Lympo ecosystem or traded in exchanges. This will ensure that it becomes a multi-purpose coin.

 

The post LYM Token Holders to Receive Shares from Lympo appeared first on NewsBTC.

Edward Snowden’s Big Problem With Bitcoin Is Privacy, Not Scalability – Finance Magnates


Finance Magnates

Edward Snowden’s Big Problem With Bitcoin Is Privacy, Not Scalability
Finance Magnates
Addressing the audience at a Berlin Blockstack event in early March, Snowden said that although “everybody is focused on the transaction rate limitations of bitcoin being its central flaw,” that actually, “the much larger structural flaw, the long


Finance Magnates

Edward Snowden's Big Problem With Bitcoin Is Privacy, Not Scalability
Finance Magnates
Addressing the audience at a Berlin Blockstack event in early March, Snowden said that although “everybody is focused on the transaction rate limitations of bitcoin being its central flaw,” that actually, “the much larger structural flaw, the long ...

Chilean Cryptocurrency Exchanges Unite Against Banks, Call For Regulation

Two Chilean cryptocurrency exchanges that found their bank accounts closed are calling on the governments regulatory association to clarify its position on the industry. Chilean Exchanges Plea for Fair Regulation In a public statement, cryptocurrency exchanges BUDA and CRYPTOMKT have asked the Association of Banks and Financial Institutions (ABIF) to “make its position transparent” after they have … Continue reading Chilean Cryptocurrency Exchanges Unite Against Banks, Call For Regulation

The post Chilean Cryptocurrency Exchanges Unite Against Banks, Call For Regulation appeared first on NewsBTC.

Two Chilean cryptocurrency exchanges that found their bank accounts closed are calling on the governments regulatory association to clarify its position on the industry.

Chilean Exchanges Plea for Fair Regulation

In a public statement, cryptocurrency exchanges BUDA and CRYPTOMKT have asked the Association of Banks and Financial Institutions (ABIF) to “make its position transparent” after they have both had bank accounts frozen.

BUDA a Bitcoin exchange and CRYPTOMRKT which deals in Ethereum both found accounts closed with no warning. Spokesmen from CRYPTOMRKT reported that their bank informed them they had instructions not to open accounts to anyone holding or dealing with cryptocurrency.

The exchanges have asked the ABIF to come forth with clear regulations. As was written in their statement (translated from the original Spanish):

“The lack of knowledge and regulatory clarity has given rise to the fact that some banks, out of fear, misinformation or perhaps by strategy, are refusing to provide their services to anyone who has any relationship with any digital asset,”

They go on to accuse Chilean regulators of being only a few who want to prohibit access to the technology for the majority. The statement continues with a plea for clarity and the question of whether cryptocurrency exchanges will have fair access to the banking system or if the regulators  “are determined to prevent the existence” of the industry.

The Chilean government once financially backed the Bitcoin exchange SURBTC which helped to facilitate donations from around the world after the September 2015 earthquake devastated the country.

Now like many other governments Chile is in a kind of regulatory limbo after the sudden rise of digital currency values in late 2017 and the following market correction of early 2018. As the ABIF explores a balance between allowing the emerging technologies to expand and regulating the potential for money laundering and pyramid type scams, already functioning exchanges are left dangling.

Open Statement calls for Public Attention

Both BUDA and CRYPTOMKT have stressed that they “have developed safe platforms of the latest technology for the protection of their customers and have opened channels of collaboration with authorities

Both exchanges declare they have been open about the advantages and dangers of trading in cryptocurrency. Adding that they are registered in the records of the Financial Analysis Unit (UAF) and FATF, meeting their anti-money laundering and anti-terrorist funding standards.

In their public statement, the exchanges ask not only for clarity from the ABIF and fair access to the countries banking systems but also for the public to pay attention to the issue “before it’s too late.”

The post Chilean Cryptocurrency Exchanges Unite Against Banks, Call For Regulation appeared first on NewsBTC.

Ripple Price Technical Analysis – XRP/USD Bearish Below $0.6500?

Key Highlights Ripple price remains in a bearish zone and is currently trading well below $0.6500 against the US dollar. There is a significant bearish trend line forming with resistance near $0.6500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair has to stay above the $0.6100 and $0.6000 support … Continue reading Ripple Price Technical Analysis – XRP/USD Bearish Below $0.6500?

The post Ripple Price Technical Analysis – XRP/USD Bearish Below $0.6500? appeared first on NewsBTC.

Key Highlights

  • Ripple price remains in a bearish zone and is currently trading well below $0.6500 against the US dollar.
  • There is a significant bearish trend line forming with resistance near $0.6500 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair has to stay above the $0.6100 and $0.6000 support levels to stay in a bullish zone.

Ripple price is facing a tough resistance against the US Dollar and Bitcoin. XRP/USD must clear the $0.6500 resistance to start an upside move.

Ripple Price Resistance

There was a continuous increase in selling pressure below $0.7000 on Ripple price against the US Dollar. The price declined and traded below a key support level at $0.6500. There was also a close below the $0.6400 level and the 100 hourly simple moving average. However, the downside move was stopped near the $0.6000 level and $0.6100 pivot.

The recent low was formed at $0.6213 before the price started an upside move. It traded above the 23.6% Fib retracement level of the last downside move from the $0.6750 high to $0.6213 low. However, the upside move was capped by the $0.6500 resistance and the 100 hourly simple moving average. There is also a significant bearish trend line forming with resistance near $0.6500 on the hourly chart of the XRP/USD pair. Lastly, the 50% Fib retracement level of the last downside move from the $0.6750 high to $0.6213 low acted as a hurdle for buyers.

Ripple Price Technical Analysis XRP USD

The pair is now in a bearish zone below $0.6500 and the 100 hourly SMA. It has to hold the $0.6000 and $0.6100 support levels to avoid any further declines. On the upside, a break above the $0.6500 resistance is needed for a decent recovery.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD remains in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now well below the 50 level.

Major Support Level – $0.6000

Major Resistance Level – $0.6500

 

Charts courtesy – Trading View

The post Ripple Price Technical Analysis – XRP/USD Bearish Below $0.6500? appeared first on NewsBTC.

Australia’s Pro-Crypto Stance Continues as Politicians Invest in Bitcoin – newsBTC


newsBTC

Australia’s Pro-Crypto Stance Continues as Politicians Invest in Bitcoin
newsBTC
According to the Brisbane Times, two of Queensland’s legislators have publicly declared their cryptocurrency trading history as part of the register of members’ interests. The register of members’ interests is a required listing of all properties
Two Australian State Politicians Reveal Bitcoin HoldingsBitcoin News (press release)
2 Australian state politicians reveal they own bitcoinCrypto-lines (blog)

all 241 news articles »


newsBTC

Australia's Pro-Crypto Stance Continues as Politicians Invest in Bitcoin
newsBTC
According to the Brisbane Times, two of Queensland's legislators have publicly declared their cryptocurrency trading history as part of the register of members' interests. The register of members' interests is a required listing of all properties ...
Two Australian State Politicians Reveal Bitcoin HoldingsBitcoin News (press release)
2 Australian state politicians reveal they own bitcoinCrypto-lines (blog)

all 241 news articles »

Australia’s Pro-Crypto Stance Continues as Politicians Invest in Bitcoin

Australian politicians have publicly talked about their successful digital investments, as Australia continues to move forward with crypto friendly legislation. New Political Blood Embraces Cryptocurrency According to the Brisbane Times, two of Queensland’s legislators have publicly declared their cryptocurrency trading history as part of the register of members’ interests. The register of members’ interests is a required listing … Continue reading Australia’s Pro-Crypto Stance Continues as Politicians Invest in Bitcoin

The post Australia’s Pro-Crypto Stance Continues as Politicians Invest in Bitcoin appeared first on NewsBTC.

Australian politicians have publicly talked about their successful digital investments, as Australia continues to move forward with crypto friendly legislation.

New Political Blood Embraces Cryptocurrency

According to the Brisbane Times, two of Queensland’s legislators have publicly declared their cryptocurrency trading history as part of the register of members’ interests.

The register of members’ interests is a required listing of all properties, trusts, gifts as well as Union and party affiliations by members of Parliament. Newly elected Katter’s Australian Party Member Nick Damatto may be the first MP ever to list Bitcoin among his assets.

In an interview with Fairfax media, he talked about how he bought his first Bitcoin in October of 2017 for 5,000 Australian dollars. Watched it climb and peak at 60,000 and then drop after Christmas, he said.

“I think it’s worth about $20,000 Australian at the moment, which I think is a good investment, but it’s not at the heights it was at before.”

From the other side of the aisle, Labor MP Bart Mellish also declared a Bitcoin account among his assets in the registry. While former independent candidate Rob Pyne who served one year as a representative from Cairns has now turned his efforts toward full-time cryptocurrency trading, labeling himself the Crypto Guru.

Australia Embraces Crypto Technology

Politicians declaring their cryptocurrency investments are inevitable as more and more people become comfortable with the technology. The fact that the first reported two are in Australia is indicative of the countries pro-crypto policies.

In May of 2017, the Australian government made an important announcement in support of Bitcoin investors saying it would end double taxing on digital currency. Up until July 1, 2017, cryptocurrency users were being charged GST on the purchase of the currency and then again on its exchange for goods or services. Post-July, GST was no longer levied on the purchase side.

Unlike many countries, Australia is supportive of the new opportunities that crypto and blockchain technology are creating. As was reported in NewsBTC the Australian Securities and Investments Commission, or ASIC wrote in their ICO information sheetICOs have the potential to make an important contribution to the options available to businesses to raise funds and to investment options available to investors.”

In March it was announced that 1,200 newsagents around Australia would make Bitcoin and Ethereum available over the counter using Bitcoin.com.ua. With just a phone number and an app, people could buy either of the two popular cryptocurrencies while picking up a snack or the daily paper.

Though Australia doesn’t make the cryptocurrency market news as often as Japan or the US may in some aspects it is quietly leading the way in accepting and making accessible the new technologies.

The post Australia’s Pro-Crypto Stance Continues as Politicians Invest in Bitcoin appeared first on NewsBTC.

Bitcoin Price Technical Analysis for 03/26/2018 – Bears Make Another Push

Bitcoin Price Key Highlights Bitcoin price could be due for a short-term drop as price formed a double top on the 1-hour time frame. Price has also formed lower highs, which also indicates that sellers are pushing harder. Technical indicators, however, are still showing some signs that buyers could return. Bitcoin price has formed a … Continue reading Bitcoin Price Technical Analysis for 03/26/2018 – Bears Make Another Push

The post Bitcoin Price Technical Analysis for 03/26/2018 – Bears Make Another Push appeared first on NewsBTC.

Bitcoin Price Key Highlights

  • Bitcoin price could be due for a short-term drop as price formed a double top on the 1-hour time frame.
  • Price has also formed lower highs, which also indicates that sellers are pushing harder.
  • Technical indicators, however, are still showing some signs that buyers could return.

Bitcoin price has formed a small double top to signal that another wave lower could take place.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA to signal that the path of least resistance is to the upside. This indicates that the rally is more likely to resume than reverse.

However, the gap between the moving averages is narrowing to reflect weakening bullish momentum. If a downward crossover materializes, selling pressure could pick up.

In that case, bitcoin price might break below the neckline at $8,400 and drop by $600 or the same height as the chart pattern. If it holds as support, price could make another top.

Stochastic is pulling up from overbought levels to show that buying pressure is returning. A bit of bullish divergence can be seen as bitcoin price made lower lows while the oscillator had higher lows. RSI is also heading up from the oversold area so price could follow suit.

Market Factors

Trade war jitters are still present in the global markets, leading to risk-off flows which have been more beneficial for the dollar rather than bitcoin price. At the same time, regulatory efforts in Japan are keeping investors on edge.

The country’s FSA has mentioned that it could shut down Binance in the country for failing to secure the necessary licenses to operate. South Korea has shared the same sentiment, and if both countries push through, it could severely dent volumes and activity.

Persistent trade war fears and geopolitical risks could keep the dollar supported in the next few days thanks to its safe-haven appeal and the Fed’s latest interest rate hike.

The post Bitcoin Price Technical Analysis for 03/26/2018 – Bears Make Another Push appeared first on NewsBTC.

Asian Altcoin Trading Roundup: Top Cryptocurrency is Siacoin

FOMO Moments There has been very little momentum on the crypto markets over the weekend. A stalemate seems to be in place between the bulls and the bears. Bitcoin could not break resistance at $9,000 and has fallen back to around $8,500 where it has found support for the time being. Altcoins are all very … Continue reading Asian Altcoin Trading Roundup: Top Cryptocurrency is Siacoin

The post Asian Altcoin Trading Roundup: Top Cryptocurrency is Siacoin appeared first on NewsBTC.

FOMO Moments

There has been very little momentum on the crypto markets over the weekend. A stalemate seems to be in place between the bulls and the bears. Bitcoin could not break resistance at $9,000 and has fallen back to around $8,500 where it has found support for the time being. Altcoins are all very lack luster during this morning’s Asian trading session and gains or losses are small. A couple of them seem to be doing a little better than the rest but they are out of the top 25.

Coinmarketcap reports that Siacoin is trading 11.4% higher this morning; it is the only altcoin in double figures in the top 35. SC has been around for quite a long time, it is currently trading at $0.015 up from $0.013 this time yesterday, these are small increments but it is outperforming all of the others at the moment. Siacoin has enjoyed a good week trading 38% higher than this time last Monday. The monthly picture is not as pretty as this token has slid 32% from $0.022 this time last month. In terms of Bitcoin SC is 12% up today at 176 satoshis from 157 sats this time yesterday. The all-time high for Siacoin was in early January when it reached 644 satoshis or $0.10.

This storage sharing based altcoin uses the blockchain to provide secure, decentralized data storage solutions. The only thing of note on their Twitter feed is a message stating “Video streaming over localhost will be released in Sia v1.3.3, our next update!” however this is unlikely to have prompted any price action. Siacoin is traded mostly on Bittrex which has 50% of the daily volume. Over the past 24 hours $17.5 million or 2,076 BTC has been traded in SC, its market cap currently stands at just under $500 million ranking the coin at 31st position.

One of the few other altcoins that is trading higher today is Ontology which is up 23.5%. ONT is the token for a distributed trust collaboration platform which provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems. Waltonchain is also having a good morning, up 13%, as is Ethos and Factom. All of the high market cap coins though are trading sideways in Asia this morning.

More on Siacoin can be found here: https://sia.tech/

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and fundamentals.

The post Asian Altcoin Trading Roundup: Top Cryptocurrency is Siacoin appeared first on NewsBTC.

Sorry Jack, Bitcoin will not become the global currency – Financial Times


Financial Times

Sorry Jack, Bitcoin will not become the global currency
Financial Times
Bitcoin is the global currency following the Hodling Uprising of ’21, funded by a shadowy triumvirate: Satoshi, revealed to be Alan Sugar, and the Winkleveii. With Ferguson as their puppet, the three control 5 per cent of the world’s money. Using that

and more »


Financial Times

Sorry Jack, Bitcoin will not become the global currency
Financial Times
Bitcoin is the global currency following the Hodling Uprising of '21, funded by a shadowy triumvirate: Satoshi, revealed to be Alan Sugar, and the Winkleveii. With Ferguson as their puppet, the three control 5 per cent of the world's money. Using that ...

and more »

The Right Way to Think About Crypto Tokens

Two researchers have written a paper that explains how utility tokens give consumers direct collective power over price, provided issuers don’t cheat.

Two researchers have written a paper that explains how utility tokens give consumers direct collective power over price, provided issuers don’t cheat.

Crypto exchange moves to the home of online gambling

Just a day after being issued with a warning by the Japanese Financial Services Authority over its lack of registration in the county, the Japanese crypto exchange Binance announced it would close its Tokyo office and set up in Malta. The jump from Jap…

Just a day after being issued with a warning by the Japanese Financial Services Authority over its lack of registration in the county, the Japanese crypto exchange Binance announced it would close its Tokyo office and set up in Malta. The jump from Japan to the small Mediterranean nation is a big change in financial culture for the world’s largest cryptocurrency exchange.

UK Government Minister Calls for ‘Proportionate’ Crypto Rules

John Glen, the U.K. minister who oversees the financial sector, says regulation could lead to “a stable, flourishing” crypto exchange in London.

John Glen, the U.K. minister who oversees the financial sector, says regulation could lead to “a stable, flourishing” crypto exchange in London.

These Cryptic Artworks Hide a Bitcoin Fortune – All You Have to Do Is Decode Them – ScienceAlert

These Cryptic Artworks Hide a Bitcoin Fortune – All You Have to Do Is Decode Them
ScienceAlert
Now, one LA-based artist is having his say on our obsession with cryptocurrencies, and he’s putting his money where his mouth is – embedding thousands of dollars’ worth of Bitcoin in his artworks, which are actually visual representations of his

and more »


These Cryptic Artworks Hide a Bitcoin Fortune - All You Have to Do Is Decode Them
ScienceAlert
Now, one LA-based artist is having his say on our obsession with cryptocurrencies, and he's putting his money where his mouth is – embedding thousands of dollars' worth of Bitcoin in his artworks, which are actually visual representations of his ...

and more »