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The answer to Facebook’s fiasco isn’t a new platform. It’s an open standards-based infrastructure that centers on people and fosters a new ecosystem.
The answer to Facebook’s fiasco isn’t a new platform. It’s an open standards-based infrastructure that centers on people and fosters a new ecosystem.
Generally we know that blockchain technology underpins cryptocurrencies, and there are many organizations using the technology for a myriad of other applications: executing contracts, modernizing land registries, even providing new systems for identity management. But there’s a small problem on the horizon. According to a post today from Washington, DC-based think tank Coin Center, blockchain technology may be fundamentally incompatible…
The post What Does the EU’s GDPR Mean for Blockchain? appeared first on NewsBTC.
Generally we know that blockchain technology underpins cryptocurrencies, and there are many organizations using the technology for a myriad of other applications: executing contracts, modernizing land registries, even providing new systems for identity management. But there’s a small problem on the horizon. According to a post today from Washington, DC-based think tank Coin Center, blockchain technology may be fundamentally incompatible with Europe’s new privacy laws that will come into effect in May of this year.
The General Data Protection Regulation (GDPR) will take effect on May 25th, under the new rule companies will be required to completely erase the personal data of any EU citizen who requests that they do so. The problem is that with blockchain, a complete erasure of any stored personal data might not be possible, experts told The Verge.
“Modifying data on a blockchain is very hard,” Oxford Law lecturer Michèle Finck told The Verge, “If you were to delete or modify data from the blockchain to comply with the GDPR’s rights to amendment or the ‘right to be forgotten,’ you wouldn’t just change that piece of data, but the hash of the block containing the data and of all subsequent blocks.”
Finck continued, “I think it’s safe to say that currently, most blockchains are incompatible with the GDPR, especially permissionless blockchains.” She said that although some blockchain projects are currently thinking about applications that would be GDPR-compliant, the problem is that “there are so many points of tension…way beyond the right [for personal data] to be forgotten.”
By their very nature, transactions on a blockchain aren’t meant to be deleted, but to be recorded permanently. It would also be difficult to stop every place transmitting a Bitcoin transaction. “This is by design… It’s the basics of blockchain technology,” Andries Van Humbeeck, co-founder and blockchain consultant at TheLedger.be, a Belgium company that provides blockchain-related training and advice, told The Verge.
“If you purge a block of transactions, the truthfulness of all subsequent blocks of transactions becomes questionable.” He continues,“all Bitcoin transactions after that purged block become untrustworthy, which would undermine the complete system.”
Because of all this, compliance headaches could afflict thousands of companies. Case in point: more than 1,000 apps are being built on the Ethereum blockchain alone, according to the stateofthedapps.com.
“I think it will impede some of the applications,” Greg McMullen, a lawyer based in Germany and blockchain expert, says of the law. “We’ll get a bit of a reality check on what the right kinds of applications are to build on a blockchain.”
The post What Does the EU’s GDPR Mean for Blockchain? appeared first on NewsBTC.
Roger Ver and Samson Mow clashed in debates on Bitcoin scaling at the Deconomy 2018 forum. #NEWS
Roger Ver and Samson Mow clashed in debates on Bitcoin scaling at the Deconomy 2018 forum. #NEWS
R3 researcher predicts wholesale central bank-issued digital currencies will launch on distributed ledger platforms in 2018. #NEWS
R3 researcher predicts wholesale central bank-issued digital currencies will launch on distributed ledger platforms in 2018. #NEWS
The Monero network is about to upgrade at a time when the threat of a hostile takeover for any cryptocurrency is very real — but seldom discussed to the extent that it warrants. Coins with multi-billion dollar market caps are curiously unprotected from…
The Monero network is about to upgrade at a time when the threat of a hostile takeover for any cryptocurrency is very real — but seldom discussed to the extent that it warrants. Coins with multi-billion dollar market caps are curiously unprotected from hijack. Sure, a crypto blockchain can’t be hacked — but a crypto brand? Now that’s a different story
Blockchain company bitFlyer has tapped Tom Love to assist with its global expansion and enterprise blockchain initiatives.
Blockchain company bitFlyer has tapped Tom Love to assist with its global expansion and enterprise blockchain initiatives.
Arizona Governor signs Blockchain bill, legalizing use of distributed ledgers to hold and share corporate data. #NEWS
Arizona Governor signs Blockchain bill, legalizing use of distributed ledgers to hold and share corporate data. #NEWS
Coinbase announced Thursday it would enable customers to withdraw bitcoin forks, though it is not adding any specific assets yet.
Coinbase announced Thursday it would enable customers to withdraw bitcoin forks, though it is not adding any specific assets yet.
Every day hundreds of thousands of people in different countries are faced with the problem of choosing alcoholic beverages. Consumers are interested in the safety and taste of products, pricing and assortment of alcohol in nearby shops, and feedback from other buyers. Attempts to solve this problem take a lot of time with users having to look on their own for information about products on numerous Internet websites. However, many issues remain unaddressed, for example — existing services simply do not allow you to verify the authenticity of a bottle of wine at a store. The Gese blockchain-platform is a
Every day hundreds of thousands of people in different countries are faced with the problem of choosing alcoholic beverages. Consumers are interested in the safety and taste of products, pricing and assortment of alcohol in nearby shops, and feedback from other buyers. Attempts to solve this problem take a lot of time with users having to look on their own for information about products on numerous Internet websites. However, many issues remain unaddressed, for example — existing services simply do not allow you to verify the authenticity of a bottle of wine at a store.
The Gese blockchain-platform is a worldwide database of all alcoholic beverages, allowing users to quickly select a quality product that matches their taste preferences. Searching for information has never been easier: now, to get a complete product content information, a consumer just needs to place his smartphone over the NFC-label attached to the bottle. The Gese application gives the user a whole range of tools for selecting alcoholic beverages:
Gese will help the consumer make the right choices even before going to the store: the application will recommend alcoholic drinks based on the user’s past preferences, show current reviews and help find the most optimal options from local stores. The buyer can verify the product authenticity by simply taking the bottle from the counter and placing his smartphone over the NFC-tag. Subsequently, the Gese user will be able to get a reward for writing a review about the purchased beverage and handing over the used packaging at a designated recycling point. Thus, the platform accompanies the buyer not only before, but also after the product purchase, thereby encouraging his activity within the system.
Every user of Gese can start his own blog about alcohol within the framework of the platform. Participants in the system have the opportunity to vote for posts that they find most interesting and useful. For each vote, the author of the blog receives a reward in cryptocurrency.
The reward system in Gese is largely built on the principles of the Steemit community, but is implemented in a more accessible form. At the same time, the platform solves the problem of insufficient amount of rewards, which many talented authors suffer from. In the case of Gese, the user community consists of people who share the same passion, which sharply increases interest in thematic posts about alcohol and contributes to the growth of the number of votes, hence the size of the rewards.
To implement Gese’s capabilities, the project needs interest not only from users, but also from the business side. The study of the alcohol market shows that manufacturers of alcoholic beverages, retail outlets and restaurants would gain a substantial benefit from working with the platform.
According to EUIPO, only in the EU alcohol manufacturers annually lose € 1.2 billion due to the spread of counterfeit products. Companies that provide users with a simple way to verify the authenticity of their goods automatically gain a competitive advantage over other players. At the same time, the low cost of NFC tags would not significantly affect the overall production cost.
In addition, businesses receive new channels for the promotion of their products, which is especially important in the alcohol market, where advertising is often limited by law. Gese offers several effective marketing formats for manufacturers, retail outlets and restaurant businesses:
At the same time, businesses would still have opportunities to use creative approaches to product promotion. For example, a local bar can start a blog with interesting stories and facts about alcohol that would attract new visitors and create a positive image for the establishment.
Statistics show that consumers are becoming more willing to experiment by visiting numerous bars and increasingly chosing crafted alcohol products from major brands. In this regard, the role of small local breweries and pubs — the opening of which requires serious financial investments — is growing.
The Gese platform is an ideal platform for running a business related to alcoholic beverages. An integrated platform for crowdfunding allows beginner entrepreneurs to quickly raise funds for launching their projects. Collective financing delivers not only start-up capital, but also loyal customers interested in the success of the business in which they invested their money. Thus, entrepreneurs receive access to another effective marketing channel that allows them to win the trust of their target audience.
One of the key conditions for the successful development of Gese is the active promotion of its platform around the world. To implement this task the project team decided to carry out an ICO.
The initial token allocation will will be carried out in two stages:
The base cost of one token will be $ 0.1. Early investors will be able to get up to 30% discount for the purchase of tokens at the Pre-ICO stage. During the main stage of the crowdsale, the maximum discount will be 25% and will decrease by 5% every week.
The total of 600 million tokens will be issued of which 390 million are to be sold during the course of the crowdsale. In total, the Gese team intends to collect from 2 to 30 million dollars, which will be spent on the development and promotion of the project. The bounty-campaign anticipates to pay out 90 million tokens.
To learn more about the upcoming crowdsale and to get familiarized with the white paper of the Gese platform, please visit the official website of the project http://gese.io/.
Facebook: https://www.facebook.com/gese.io/
Twitter: https://twitter.com/gese_io
Reddit: https://www.reddit.com/user/geseofficial/
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.
A 16-year-old girl who responded to a LinkedIn advert has landed a deal with her cryptocurrency app that has surged to the top of the Apple App Store. Coder and designer Harshita Arora, who lives in the northern Indian city of Saharanpur, responded to an advertisement posted by Sean Walsh, founder of California-based crypto-asset venture capital firm Redwood…
The post This 16-Year-Old Girl Has Bagged a Deal for Her Cryptocurrency App with Redwood City Ventures appeared first on NewsBTC.
A 16-year-old girl who responded to a LinkedIn advert has landed a deal with her cryptocurrency app that has surged to the top of the Apple App Store.
Coder and designer Harshita Arora, who lives in the northern Indian city of Saharanpur, responded to an advertisement posted by Sean Walsh, founder of California-based crypto-asset venture capital firm Redwood City Ventures. The aim, reports the International Business Times, was to find an app that he liked at the right price, something Walsh was able to find with Arora, through her Crypto Price Tracker.
After launching her app in January it rose to the top of the Apple App Store in just one day, earning a 4.7 rating among its 49 reviews. At a time when the cryptocurrency market is showing volatile prices, and bitcoin experiencing its worst quarter ever, it seems now more than ever that investors are keen to keep an eye on prices, meaning apps like the Crypto Price Tracker are going to remain popular apps to have on hand.
Providing prices for more than 1,000 cryptocurrencies from over 20 exchanges and in 32 fiat currencies, Walsh admits that while the app isn’t a new product on the market, it has the potential to develop further with the company. He adds that this is ‘a meaningful step’ for the company’s evolution. As such Walsh believes that the app will help to make Walsh’s business ‘more competitive in the global marketplace.’
Explaining, Walsh said that:
The idea that I had, and the reason I bought it, was to act as an easy beachhead to access for my expansion into direct consumer tech-related businesses, which sort of transcends a lot of the crypto mining that I have invested in over the last several years.
Less than two weeks after responding to Walsh’s advert, and after he decided that the app was what he was looking for, Arora received her first wire transfer. Taking to social media, the 16-year-old who first learned digital design and coding at the age of 13, expressed her joy after her app had been acquired by Redwood City Ventures.
Big news everyone! My app, @cryptotrackapp, has been acquired by Redwood City Ventures (@SeanWalshBTC). So glad that the app is now in amazing hands!
I had a great time building it, and I'm excited to collaborate with a great new team!
— Harshita Arora (@aroraharshita33) March 16, 2018
Surprisingly, according to Walsh, he didn’t realise how old Arora was to begin with, adding:
“She just seemed like a professional software developer. It was quite a surprise when I learned her age.”
As someone who has a keen interest in the blockchain and cryptocurrencies Arora is hopes to make it to Silicon Valley one day to work on more startups.
Image Courtesy of Shutterstock
The post This 16-Year-Old Girl Has Bagged a Deal for Her Cryptocurrency App with Redwood City Ventures appeared first on NewsBTC.
Launched on March 26 pre-sale of Kelta tokens (KLT) came to a close. The ICO of KELTA operating industrial data center for cryptocurrency mining has begun on April, 2. During the first token distribution period, the minimum price for 1 KLT was set at 0.00495 ETH. By the time of press release issue, 7708.16475 ETH have been raised. The crowdsale has begun on April 2 and consists of 4 stages: Stage 1 (April 2-8) – 0.00565 ETH/1 KLT Stage 2 (April 9-15) – 0.00595 ETH/1 KLT Stage 3 (April 16-22) – 0.00625 ETH/1 KLT Stage 4 (April 23-29) – 0.00656
Launched on March 26 pre-sale of Kelta tokens (KLT) came to a close. The ICO of KELTA operating industrial data center for cryptocurrency mining has begun on April, 2. During the first token distribution period, the minimum price for 1 KLT was set at 0.00495 ETH. By the time of press release issue, 7708.16475 ETH have been raised.
The crowdsale has begun on April 2 and consists of 4 stages:
Kelta offers 12.5 million tokens in total. 10 million are available for purchase during the crowdsale period. The distribution of the remaining coins is as follows:
The quantity of remaining issued tokens depends on the total ICO charges.
Even though Kelta an established data center and ICOBox an established provider of SaaS ICO solutions are not in partnership anymore. Original ICOS token holders will have a chance to use their tokens as initially intended.
During the process of finalizing its product before its launch onto the market, Kelta’s team realized the need for certain improvements, which consequently lead to an end of a partnership with ICOBox.
Due to the fact that ICOS token holders already received the benefit from ICOBox the exchange of their ICOS tokens for KLT will be only possible in general sale instead of pre-sale.
Advantages of the KLT Token:
KELTA is a large data center providing its computing power on an industrial scale for researchers, scientists, and miners. Kelta’s distinctive feature is the low cost of services only available to token holders. 1 kW/h = 1 KLT.
KELTA’s objective is to make the data center accessible to the whole world. The company is a part of the AGEM DATA group of companies, which owns the data collection and processing center. KELTA Capital is a self-governing organization that performs functions of the center operator and the tokens seller.
The data center is located in Slovakia, Eastern Europe. The country’s low electricity tariffs combined with cold climate provide ideal conditions for natural cooling and operation of computer systems in 24/7 mode.
Innovative cooling system
Round-the-clock processing of a huge amount of computing power often leads to regular overheating and replacement of equipment. KELTA uses an innovative cooling system – dielectric coolant using liquid immersion freezing.
No fans or extra electricity charges! We guarantee that the data center is going to function for at least 50 years and the token holders are going to be able to use the provided capacities any time. As for the miners, cryptocurrencies are perfect for steady continuous earnings.
Security comes first!
The main building of the data center is protected by advanced security systems and can withstand a collision with large-sized objects. The walls are 18-cm-thick, the barbed wire fence is 3 meters tall. Entering the building is only possible through a single checkpoint where professional security guards work. Strict access control is in place. The center is equipped with a CCTV system.
KELTA provides its computing power at an affordable price and on an industrial scale. Not only cryptocurrency lenders are interested in Kelta: scientists, researchers, cryptocurrency miners, etc. would like to earn income through the rent of Kelta’s equipment.
Areas of application:
The KLT tokens are available in the EREC-20 ERS network. KELTA uses a unique method of token distribution – for every 100 KLTs sold, 25 more tokens are issued in surplus.
ICO Information:
Pre-Sale: March 26 – April 2 (25% discount)
Token Sale: April 2 – April 30
Soft Cap: 2.000.000 KLT
Hard Cap: 10.000.000 KLT
For more information about the ICO visit https://tokens.kelta.com?ref=iwza5
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.
Bitcoin exchange Coinbase launches early-stage venture fundCNBCCryptocurrency exchanges have come under scrutiny by the U.S. Securities and Exchange Commission this year. The SEC announced in March that it is looking to apply securities laws to everyth…
Bitcoin exchange Coinbase launches early-stage venture fund CNBC Cryptocurrency exchanges have come under scrutiny by the U.S. Securities and Exchange Commission this year. The SEC announced in March that it is looking to apply securities laws to everything from cryptocurrency exchanges to digital asset storage ... Coinbase to Let Users Withdraw Funds from Bitcoin Forks |
5th April, 2018, (Debert, Nova Scotia, Canada) – Bookie, the decentralized sports betting exchange built on blockchain technology, will go live with a public, play-for-fun public beta ahead of this summer’s World Cup. Bookie Public Beta will offer users the opportunity to win real bitcoin prizes as they take part in a series of betting competitions and leaderboards using play money. Running throughout the World Cup, the public beta is the final phase in Bookie’s development, after which it will be ready for full deployment on the Peerplays blockchain. Bookie Public Beta will be the first ever public showcase of provably
5th April, 2018, (Debert, Nova Scotia, Canada) – Bookie, the decentralized sports betting exchange built on blockchain technology, will go live with a public, play-for-fun public beta ahead of this summer’s World Cup.
Bookie Public Beta will offer users the opportunity to win real bitcoin prizes as they take part in a series of betting competitions and leaderboards using play money.
Running throughout the World Cup, the public beta is the final phase in Bookie’s development, after which it will be ready for full deployment on the Peerplays blockchain. Bookie Public Beta will be the first ever public showcase of provably fair sports betting.
Today’s announcement is accompanied by the launch of a new website – www.bookiebeta.com – where the Bookie Public Beta app will be available for download closer to the World Cup. Competition rules and bitcoin prize information will also be made available here over the coming weeks.
Bookie Public Beta will be open to all, and will look to educate the entire betting community – including punters, operators and regulators – about the benefits of blockchain for sports bettors.
The decentralized nature of Bookie means a full launch requires a majority approval by the Witnesses who run the Peerplays blockchain.
Toby Lynas, Head of Operations at PBSA, said: “After months of hard work from the entire Bookie team, we are thrilled to be sharing this game-changing new betting exchange with the public ahead of the World Cup.
“The betting exchange has not received a great deal of love in recent years, and we’ve spoken to lots of punters who are not happy with the current products. Bookie addresses these concerns by offering a sustainable, fair and transparent model that returns the betting exchange back to its roots.
“We look forward to welcoming everyone to Bookie Public Beta over the coming months and offering the very best betting exchange experience.”
Jonathan Baha’i, President of PBSA, added: “The launch of Bookie Public Beta marks an important moment in the development of provably fair sports betting for the Peerplays blockchain, and we are thrilled to see a play-for-fun product live in time for this summer’s World Cup.
“It is important that Bookie is properly tested in a public, live, play money environment. There will be some fantastic bitcoin prizes to be won across a series of competitions and leaderboards, and we look forward to spreading the word further in the run-up to Bookie Public Beta launch.”
For more information, please contact:
Square in the Air Communications
David Bartram
+44 (0) 20 3586 1978
Bookie is a decentralized sports betting exchange built upon the Peerplays blockchain. Its public beta is due to go live ahead of the World Cup.
For more information, please visit: bookiebeta.com.
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.
ForbesBitcoin Payments In Asia Hold Strong As Cryptocurrency Prices Continue To PlummetForbes“Bitcoin is increasingly popular in Asia-Pacific and we see huge potential for cross-border payments. Using the Bitcoin network, we can enable businesses to ha…
Forbes | Bitcoin Payments In Asia Hold Strong As Cryptocurrency Prices Continue To Plummet Forbes “Bitcoin is increasingly popular in Asia-Pacific and we see huge potential for cross-border payments. Using the Bitcoin network, we can enable businesses to have invoices paid in one day for a fee that is less than traditional banks. We also see huge ... |
Our altcoins technical analysis remains pretty much the same and with IOTA sliding, Monero found its way back to the top 10 spot. It definitely has to do with Lithium Luna network upgrade that makes it ASIC resistance which in turn fosters decentralization. Besides, streams of good news slowed down the erosion in Litecoin but…
The post NEO, EOS, Litecoin, Monero and Stellar Lumens: Altcoins Technical Analysis April 6, 2018 appeared first on NewsBTC.
Our altcoins technical analysis remains pretty much the same and with IOTA sliding, Monero found its way back to the top 10 spot.
It definitely has to do with Lithium Luna network upgrade that makes it ASIC resistance which in turn fosters decentralization. Besides, streams of good news slowed down the erosion in Litecoin but generally speaking, odds of further lower lows are high.
Let’s have a look at these charts:
XLMUSD Weekly Chart from Bittrex for April 6, 2018
Other than prices which is trending at a 5-month lows, there is nothing much that can be said of Stellar Lumens even from a fundamental point of view. Just to put it in perspective, Stellar is down 10.3% in the past 24 hours as I type this.
Judging from our previous coin analysis our first layer of support lies at $0.15. Coincidentally, that happens to be week ending March 18 lows and like yesterday, bears should be aiming at that key level.
XMRUSD Weekly Chart from Bittrex for April 6, 2018
Technically, Monero depreciation continues. Supporting this is the recent weekly reds. Adding to this bear momentum is a miniscule 0.08% gain in the past 24 hours and a spot in the top 10. It’s understandable, with the Canadian banks frustrating this coin, the slide was inevitable.
Fundamentally, tomorrow will see the release of Monero’s Lithium Luna, a GUI software upgrade version 12.0.0. With the new software, there Monero will be ASIC resistant hence improving decentralization while at the same time add the number of ring signature inputs thereby beefing privacy.
A Scheduled Network Upgrade is Planned for April 6: https://t.co/1JQwQlA5di
— Monero || #xmr (@monerocurrency) March 28, 2018
Anyhow, a glance at the chart and our Monero technical analysis hints of further sells with immediate targets at $110. We can see that not only are stochastics bearish and signals diverging with every lower lows but that break from $200 means the 61.8% Fibonacci retracement line shall be our immediate resistance. In line with this, traders should wait for stochastic sell signals in the 4HR chart and short.
EOSUSD Weekly Chart from BitFinex for April 6, 2018
News is, ONO shall run on EOS and that is good news and something that shall hopefully help prop EOS prices. After all, the DApp platform is up 5% and while we can link tomorrow’s event, Dawn 3.0 to this slight recovery, bears are still in control.
Then again, notice that prices are actually range bound in lower time frames with last week’s high low acting as minor support and resistance. In my view, and basing this forecast on EOS technical analysis, buyers have strong reasons to buy if there is a rapid appreciation and a close above $7.5.
Stochastics are bearish and EOS is trending within a bearish break out meaning any sell signal in the 4HR chart can be inviting for sellers. I’m net bearish and as such traders can wait for a break below $5 and sell with immediate targets of $3.7 and $4.
LTCUSD Weekly Chart from CoinBase for April 6, 2018
Of the coins in the green, Litecoin is one of them. In the last 24 hours we have seen small gains but nonetheless, it’s one of the top 10 coins in the green albeit strong bear pressure as the weekly chart shows. Notice that long upper wick signaling sellers? Well, considering the stochastics alignments in our main chart, it will be prudent to trade with the trend in lower time frames.
This is all contrary to some nice development now that another U.A.E trading firm is availing Litecoin to their customers. Complementing this, Aliant, a process payment system, has a new partnership with Litecoin Foundation while Singaporeans can now buy Litecoin through inter-bank transfers.
We're excited to announce that Aliant has partnered with the Litecoin Foundation, making us the first official Litecoin payment processor! https://t.co/jb2qC5B5vh
— Aliant Payments (@AliantPayment) April 5, 2018
Previously, our Litecoin technical analysis pointed with ambitious targets of $90 and lower and that’s will surely happen if bears continue pushing prices beyond last week’s lows of $110 today. To counter this, we need to see strong rejection of bears at $110 in the course of the day. If not, sellers might as well smash $90 by March 7.
NEOUSD Weekly Chart from Bittrex for April 6, 2018
It’s about time china comes up clean on their position with NEO and blockchain in general. Yes, their central bank head has a soft spot for cryptocurrencies but what’s overt now is the clear flirtation China has with the prospects of NEO’s smart economy. Any hint of coupling and NEO will hit the moon.
Officials of the Party committee of Science and Technology (Shanghai) visited Onchain office today and discussed their high expectations for using blockchain technology to serve different industries of the real world economy. pic.twitter.com/BAWP93dqE1
— ZHANG Keke (@caterina_zhang) April 4, 2018
In the meantime, sellers are in charge and pushing prices towards our targets at $40. Before we speculate anything, let’s see if there shall be a follow through on our projection.
All charts courtesy of Trading View
The post NEO, EOS, Litecoin, Monero and Stellar Lumens: Altcoins Technical Analysis April 6, 2018 appeared first on NewsBTC.
