Day: April 5, 2018

Dedicated wallet app lets Android users send Bitcoin Lightning Network payments. #NEWS

Algebraix is an Austin, Texas-based company that has developed a secure, permission-based ad platform called ALX. The platform allows users to monetize their personal data by selecting the information they would like to make available for targeting to advertising networks in exchange for a compensation. The Algebraix platform is fueled by its own ALX cryptocurrency that lays the foundation for a new data economy.

The Industry Challenge

Today, Internet giants collect and monetize information about individuals’ shopping habits, interests, political leanings, health concerns, investment decisions, social interactions, and other data. To date, there has been no mechanism for people to control and benefit from their own personal data.

The cryptocurrency-enabled, permission-based ad network developed by Algebraix is ushering in an era in which consumers understand the value of this data and benefit financially by sharing it. Algebraix, with the use of blockchain technology, is disrupting the advertising market by giving consumers the means to store and protect their personal data to prevent others from monetizing it in an unfair fashion. When people own their data, a new form of marketing —permission-based marketing will emerge and change the game.

The Algebraix Platform – Creating Trust Between Advertisers & Consumers

Algebraix’ platform enables users to be paid in ALX tokens to watch advertisements, mainly from the entertainment sector including movie, games, TV program, and music advertisements. Entertainment businesses will provide their targeted ads directly to the consumers and reward them for watching, instead of paying heavy fees to the digital advertising giants.

This way, Algebraix delights users and increases its audience. Since the users are rewarded with ALX tokens, the mass audience will quickly know how to earn, save and spend their cryptocurrency, which in turn, will increase the mainstream adoption of digital currency. In addition, the company has also announced the exclusive bounty program.

ALX Beta Tester Airdrop – For Limited Number of Participants

By becoming a beta tester, users can earn ALX tokens by providing feedback on their experience of using the ALX app. Click here for all the information you need to apply, get a sneak peek at ALX, and to earn ALX tokens now.

Charles Silver, the Chairman and Chief Executive of Algebraix, says:

“This is the first step in bringing cryptocurrency to everyone. We will allow people to take ownership of and monetize their most important asset—their personal data. I’ve been in permission-based marketing for 25 years, and cryptocurrencies make it possible for people to earn rewards for trying different services. The bigger the audience, the more advertisers are attracted and the more cryptocurrency is circulated. That draws more advertisers and a larger audience. It feeds itself.”

Algebraix token sale is now live for accredited investors. To know more about the platform and participate in its on-going token sale as an accredited investor, please visit https://complyapi.coinlist.co/algebraix. You can access its White Paper or Executive Summary. Also, connect with the team at Facebook, Telegram, Twitter, Medium, Reddit and LinkedIn.

The post Algebraix Explains How ALX Gives You Control of Your Data and Is Changing Advertising appeared first on NewsBTC.

Taiwan-based electronics giant Foxconn is to help develop and build a blockchain phone from Sirin Labs, a news report indicates.

Cryptocurrency is on the radar of South Africa’s central bank. The South African Reserve Bank (SARB) is setting up an investigative unit to monitor the developments in the crypto space and help design future regulations. The unit will be in charge of setting up a proof of concept (PoC) for DLT-based interbank clearing and settlement.

South African Reserve Bank to Explore the Feasibility of a DLT-Based System

The post South Africa’s Central Bank to Setup Cryptocurrency Self-Regulatory Organization appeared first on NewsBTC.

Token sale platform CoinList, which emphasizes their compliance with AML and KYC, has raised $9,2 mln in its initial funding round. #NEWS

Coincheck’s Monex deal could be officially confirmed “as early as Friday” Nikkei claims. #NEWS

Sirin Labs has hired Chinese phone manufacturer Foxconn to produce the world’s first blockchain phone for the mass market, which will appear in stores in October 2018.

Foxconn Group to Manufacture World’s First Blockchain Phone

Foxconn Technology Group, the world’s largest electronics manufacturer for hire, with iPhones, Kindle, and PlayStation, in its portfolio, has agreed to help develop and produce a blockchain phone from Sirin Labs. Finney is a device for the cryptocurrency era, designed to help owners securely store and use digital coins without having to pay transaction fees. Additionally, the phone integrates all kinds of tokens, allows converting cash into specialized tokens, and serves as a payments tool.

Competing against digital wallets and USB sticks in a way, Finney wants to bring the cryptocurrency world to the average Joe. Moshe Hogeg, Chief Executive Officer of Sirin Labs, told Bloomberg how the current user experience is inaccessible to most.

“The mass market would never get it. There’s no chance my mom can figure out how to use Bitcoin, and my mom is smart. I think I can take it to a mass market phone in a world where innovation in phones is saturated, it’s dead.”

The startup has raised $158 million in an initial coin offering in December as well as $70 million raised previously in order to make Finney a reality. The 25,000 units pre-ordered and scheduled to be shipped in October will be sold in eight new stores in active crypto communities such as Vietnam and Turkey, among other countries. The company estimates it will be able to ship up to a few million units in 2018 and eventually partner with mobile carriers.

Security will be protected via an iris or fingerprint scans or the traditional password, instead of a complex address and private key. All coin-related services are activated with a physical switch. The security design seems to be unable to prevent thieves from kidnapping Finney owners in order to access the digital wallets. Making it easier to identify targets and allowing iris and fingerprint scans instead of complex keys and addresses could pose an unexpected risk to Finney users.

The Swiss-based startup is pricing the phone at $1,000, but aims to push the price down to $200 amid the licensing of its technology to other phone manufacturers and suppliers, including a potential deal with Huawei Technologies. The mass market is up for grabs and other two competitors are in the race. Zippie, a 10-person team with experience at Nokia and mobile OS firm Jolla, has raised $30 million in February to license its software to hardware manufacturers. BitVault, another competitor, intends to expand its blockchain phone from the military market to the masses.

The post Foxconn to Manufacture World’s First Crypto Friendly Blockchain Phone appeared first on NewsBTC.

A decline in bitcoin prices to $6,400 would turn the market in favor of the bears, technical analysis suggests.

US based provider of merchant services and payment processing Aliant Payments Systems has confirmed that it has entered into an official partnership with the Litecoin Foundation.

The company is the first to officially complete the Litecoin Foundation’s registration process making it the first official payments partner and Litecoin payments processor. Litecoin has experienced a tumultuous month or two with all the hype leading up to the LitePay launch which fell flat on its face. Prices surged and slid and LTC has taken a beating with the rest of the altcoins this week.

The confirmation is some desperately needed good news for the Litecoin Foundation though it has had little effect. Aliant has been in the payments industry for 15 years, the partnership will allow the Litecoin Foundation to provide an option for merchants seeking a vetted and approved payments processor. Aliant will be the recommended choice as it is one of the only companies to offer cryptocurrency capabilities in ecommerce, retail and mobile environments.

Aliant CEO Eric Brown had this to say on the partnership;

“We are thrilled to be partnering with the Litecoin Foundation to bring a trusted, stable solution to innovative merchants who are interested in adopting cryptocurrency payments. We look forward to working together to bring Litecoin payments to mass adoption.”

While the news has been circling for a while both parties have been reconfirming their affiliation on social media hyping up the first Litecoin summit;

We're excited to share that Aliant will be attending the first-ever Litecoin Summit by @LTCFoundation this September in San Francisco, and our CEO @BigEtheword will be speaking about Litecoin payments solutions! Who's going? #PayWithLitecoin

— Aliant Payments (@AliantPayment) April 2, 2018

Earlier this week Amex backed crypto trading app Abra also announced that it will be using Litecoin smart contracts as part of its payments solutions.

Good news does not seem to have the same effect on cryptocurrencies as it did in the latter half of 2017. Litecoin has been battered this year and was one of the worse performing altcoins in March, shedding almost 40% over the month.

Even with Aliant and Abra onboard LTC continued to slide this week falling 5% on the day and a similar amount over the week. Litecoin is currently trading around $120, down from $215 this time last month. The entire market is bear dominated and it will need a lot of momentum to reverse this trend at the moment.

The post Aliant Confirms Status as Litecoin’s First Official Payments Partner appeared first on NewsBTC.

A project is developing a new way to reduce plane crashes by launching a pilot log book on Blockchain #SPONSORED

It has become apparent the cryptocurrency markets are going through another rough period as of right now. With virtually all currencies in the red again, there is still no actual price bottom in sight. Surprisingly, the Tron price is making volatile moves in the other direction. It has shot up by 27% in the past 24 hours, even though no one can explain why that is the case.

Tron Price is on a Rampage

With all other cryptocurrency markets losing value, one would not expect the Tron price to do the exact opposite. As we have witnessed through the eyes, there is plenty of price manipulation in the cryptocurrency industry, and altcoins can get pumped out of the blue for no reason. It is rather clear the Tron price going through such a pump cycle right now, as the current gains make zero sense.

Even so, we are looking at a new Tron price of $0.0415. Although this value has been reached several times in the past, it seems Tron struggles to get past this value most of the time. For a currency which only recently unveiled its working testnet- despite a multi-billion dollar market cap – it is not entirely surprising people are thinking twice about investing at such a high price. Then again, it seems the sentiment is turning in favor of Tron as of right now.

Thanks to solid gains over Bitcoin and Ethereum, it seems the Tron price may effectively remain above $0.04 for quite some time to come. At the same time, we see most other markets regain a bit of the lost momentum, and it becomes evident the top altcoins with working technology will take center stage once again.

With $841.613m in 24-hour trading volume, things are looking pretty good for Tron as of right now. It is a lot more trading volume compared to pretty much all alternative cryptocurrencies as of right now, albeit things will always be subject to change in this particular industry. Right now, the volume seems to be mainly made up of buyers, rather than sellers, although it is still too early to draw any real conclusions.

Upbit is the place to be when it comes to trading Tron, as they clearly lead the pack. Binance is in second place, with Bittrex taking up the third spot. It seems evident Binance and Bittrex are just following the pump initialized by the Korean exchange as of right now, although that doesn’t necessarily have to be a bad thing. For now, traders should remain cautious, as there is a very real chance we will see a major Tron dump in the next 24 hours.

Whether or not the Tron price can sustain its momentum, seems highly doubtful at this time. This current trend is not natural by any means, and every pump cycle is usually followed by a dump. Whether or not the Tron price will drop below $0.04 again later today, is difficult to predict. Taking profits is still a top priority for any TRX holder, as positive cycles like this one do not come around all that often.