Day: April 19, 2018

The Batavia blockchain trade finance platform has completed a pilot that conducted live cross-border transactions involving corporate clients.

Bitcoin Press Release: UHIVE next generation social networking app introduces a hybrid concept and launches token generation event (TGE).

LONDON, UK, April 11th, 2018: A novel social media network introducing its innovative hybrid centralized/decentralized concept is poised to inaugurate the new digital life era. UHIVE, the project that is being developed by UHIVE Ltd., is about to reach its next milestone, which is the launch of its Pre-TGE and Crowdsale TGE for its proprietary, eponymous digital token (UHIVE).

UHIVE tokens are the fundamental currency powering the UHIVE social network, which has been described as “a new hybrid blockchain system which uses the best of both worlds (centralized and decentralized)”. More specifically, the UHIVE social network will be comprised of two worlds, the Civilized World, and the Grey World, which differ in terms of governance, freedom of expression, and even the presence of an element of surprise.

On the one hand, and in terms of the Civilized World, UHIVE creators have adopted the model of current, civilized societies in terms of rules and governance, to create a centralized online space where users have their individual profiles (walls-spaces) and connect with others while sharing their personal information, interests, and affinity for certain spaces on the network (e.g. “fashion”, “politics”, etc.)

On the other hand, the Grey World is a wholly anonymous and non-regulated blockchain-powered space where members can freely express their thoughts and feelings, and create undisclosed groups where they can mingle with other, anonymous members. Since the Grey World is largely uncharted, users will be able to stumble upon areas by chance, and discover new things that might interest them.

Mr. Muayyad Shehadeh, UHIVE Ltd. CEO stated:

“UHIVE is the first social network built from the start to be mobile-based and support Virtual Reality, while it is also the first of its kind to be controlled by advanced A.I. technology”

“Our goal is to add a new, intuitive dimension to social networking, where users can find things that interest them beyond using keywords, hashtags and suggestions – which is what they have been doing so far. UHIVE community members will be able to discover communities based on their interests, and zoom in and out of spaces that draw their attention, much like when our eyesight does in real life when we find something intriguing. UHIVE’s smart A.I. algorithm will evaluate spaces based on traffic, audience engagement and affinity, and create a thriving “real estate” scenery, which individuals and businesses can take advantage for promotional purposes, or flip in exchange of lucrative payments in UHIVE tokens.”

The UHIVE Dimension
The UHIVE platform adds a new dimension to digital marketing, offering significant benefits to marketers, influencers, and consumers alike. Brands and strategists will now have the chance to select UHIVE spaces with high traffic, as well as influencers-members of the UHIVE platform, to target their audiences with improved specificity.

What’s more, a significant portion of the UHIVE advertising revenue will be given back to UHIVE social network users, in the form of UHIVE tokens, so as to contribute in sustaining the UHIVE economy, create user loyalty, and organically promote the token’s growth.

A maximum of 3 billion UHIVE tokens will be made available for purchase during the company’s Pre-TGE, which will take place April 11, 2018 – April 30, 2018; while a further 14 billion in total will be up for sale during the company’s Crowdsale TGE, from May 2, 2018 – July 15, 2018. During the latter, the company will also be awarding a total of 3 billion tokens in bonuses to UHIVE token buyers, bringing the total of UHIVE tokens released during these two phases to 20 billion. The remaining 60 billion out of the total 80 billion tokens issued are expected to be released to exchange platforms, to the UHIVE team and company advisors.

UHIVE has shared that the UHIVE beta app release for Android and iOS is expected sometime in October, 2018.

UHIVE currently runs a promotional offer, giving 1,000 to 10,000 free UHIVE tokens to anyone who joins its Telegram group and remains a member of it until the end of the company’s TGE. Those interested in doing so can join through here.

Visit the Website: https://ico.uhive.io/
Read the Whitepaper: https://ico.uhive.io/wp-content/uploads/UHIVE_Whitepaper.pdf
Facebook: www.facebook.com/uhivesocial
Follow on Twitter: www.twitter.com/uhivesocial
Instagram: www.instagram.com/uhivesocial
BitcoinTalk: https://bitcointalk.org/index.php?topic=3248342.0
Follow on YouTube: https://www.youtube.com/watch?v=kTYmbFAv8XM&t=9s
Chat on Telegram: http://www.t.me/uhivesocial.
Team LinkedIn:
https://www.linkedin.com/in/muayyad/
https://www.linkedin.com/in/hazem-bustami-148b1131/
https://www.linkedin.com/in/stfamanda/
https://www.linkedin.com/in/lana-khayri-22b15817/
https://www.linkedin.com/in/zaidamir/
https://www.linkedin.com/in/ahmad-bushnaq-bb4bbb40/
https://www.linkedin.com/in/noor-daoud-53270076/
https://www.linkedin.com/in/zeidsoufan/
https://www.linkedin.com/in/firassaba/

Media Contact:
Company Name: UHIVE
Address: 3, Shortlands, Hammersmith – London, United Kingdom – W6 8DA
Country: United Kingdom
Email: [email protected]
Telephone: +44 207 1931 415
Contact Person: Hazem Bustami

Hazem Bustami is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose. This press release is for informational purposes only.

About Bitcoin PR Buzz -Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR

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Companies venturing into Bitcoin trading are taking a big risk. This largely unregulated market remains subject to a lot of volatility. For Square, their decision to offer Bitcoin trading has paid off in spades. Nomura Instinet analysts claim Square will bee see a “healthy” boost to Q1 earnings thanks to this new feature.

Square and Bitcoin Trading 

A lot of people were surprised when Square decided to enter the Bitcoin market. Given the current demand for exposure to cryptocurrency volatility, the decision makes a lot of sense. Square Cash introduced the trading of BTC earlier in 2018. It now appears that decision may have a big impact on the company’s share prices. In fact, they may even soar by as much as $15 per share. Those are the findings of Nomura Instinet analysts.

Dan Dolev, the person submitting these findings, predicts a healthy boost in company profits. The addition of Bitcoin trading has been very successful so far. Consumers want convenient access to cryptocurrencies without the hassle of dealing with centralized exchanges. Square Cash appears to check all of the right boxes for US consumers.

If the findings are correct, Square can further solidify its international presence. To achieve that goal, company shares need go up in value. According to Dolev, that should be feasible. Square’s stock prices are already up over 48% throughout 2018. The quarterly earnings will be disclosed on May 2nd of this year.

Bitcoin Traders Bring Home the Bacon

Earning money from offering Bitcoin trading services is a must for Square. Dolev comments the company could earn up to $125 in additional revenue per user. While the company does not disclose exact figures of users trading Bitcoin, it is expected as much as 6% of their client base does so. This results in a boost of up to 3% to adjusted revenue.

Jack Dorsey, the CEO of Square, also expects big things from cryptocurrency. He made a remark of how Bitcoin can become the “world’s single currency” in the future. Although it remains unclear if that is even possible, the sentiment is certainly there. With regulators focusing on this new industry, more legitimacy will be brought to cryptocurrency as a whole.

This also confirms banning Bitcoin is never the right approach. While China and India crack down on cryptocurrency, other countries keep an open mind. Firms operating in those lenient regions tend to make good money and boost economies. Square Cash is just one example of how this new form of money can bring positive changes to the local economy.

The post $19 Billion Square’s Market Cap Surges 15% Due to its Bitcoin Venture appeared first on NewsBTC.

Robbery suspect Sindri Thor Stefansson has escaped from custody and fled to Sweden on a plane which was reported to have been carrying Icelandic Prime Minister Katrin Jakobsdottir.

Stefansson was being detained on suspicions of being the mastermind behind what has become known in Iceland as “the big Bitcoin heist”, the robbery of 600 computers used to mine Bitcoin.

He escaped from the Sogn open prison in rural southern Iceland early on Tuesday and boarded a plane at Keflavik International Airport some 95km away. He was only reported missing after the flight to Stockholm had taken off.

Stefansson’s plane was also reported to have been carrying the Icelandic prime minister who was on her way to a meeting in Stockholm with five Nordic prime ministers and India’s Prime Minister Narendra Modi.

In what is thought to be Iceland’s biggest theft, the 600 computers worth 200 million Icelandic krona (ISK) – about USD 2 million – were reportedly stolen in four separate burglaries. Stefansson, thought to have been the brains behind the heist,  was one of 11 people arrested. Police have arrested 22 people including a security guard.

Iceland has now become a centre for cryptocurrency mining due to the combination of plentiful renewable energy sources and a cold climate, suited for mining due to low electricity tariffs and low cooling costs. Lower costs generate higher profits for cryptocurrency miners, which have created a situation in Iceland where electricity consumption for mining has overtaken household use.

As yet, the computers haven’t been recovered and the owners have put out a USD 60,000 reward for their recovery. An international warrant has been issued for Stefansson’s arrest and Swedish police are now involved in the search. Several people, including the suspect’s wife, have been questioned by police but no arrests have been made, according to local media.

Iceland with its population of only 340,00 is reputed to have one of the world lowest crime rates.

The post “Big Bitcoin Heist” Escapes on Icelandic PM’s Plane appeared first on BitcoinNews.com.

With more interesting cryptocurrency price movements over the past 24 hours, some things have notably changed. More specifically, we see the Stellar price noting some strong gains, even though Bitcoin and Ethereum are slowing down in terms of momentum. Even so, the Stellar price has risen to $0.35 again, which further confirms the ongoing uptrend over the past week.

Stellar Price Momentum Continues

Looking at the past week’s Stellar price chart, it has become evident there is a growing demand for this particular asset. The value has risen from just over $0.2 to $0.35 in the span of seven days, which is solid 75% increase. Given the volatility often associated with cryptocurrencies and digital assets, such gains are only to be expected after the rough first three months of 2018.

While it seems clear the Stellar price will continue to rise, there is a fair bit of pressure on the market as of right now as well. In the past 24 hours, the value per XLM has increased by 10.94%, but the overall maximum gain was a bit higher. It seems there is a fair bit of resistance forming at the $0.37 level, although it remains doubtful we will see any major price declines in the future. That is, assuming Bitcoin doesn’t face a major setback in the coming hours and days.

Speaking of Bitcoin, Stellar has gained 10.03% on the world’s leading cryptocurrency over the past 24 hours. This is an excellent time for altcoins and digital assets to make a positive impact in this regard. This gain also influences the ongoing Stellar price increase, although it seems difficult to reach $0.40. All of the positive momentum needs to be taken in stride first and foremost, and there’s no reason to get ahead of ourselves whatsoever.

With $218.49m in 24-hour trading volume, the demand for XLM is certainly on the rise. At the same time, this is not the most liquid market by any means, even though this volume is good enough to keep the Stellar price party going as of right now. If the buyers remain in control of the XLM market, this current price level may be sustained for at least a few more hours.

Looking at the list of exchanges ranked by trading volume, it seems Binance is in full control right now. Upbit is in second place, and Poloniex is the surprising name in third place. Its lead over GOPAX is not all that big, though, as it is possible we will see these two switch positions in the next few hours. With only one fiat currency pair in the top three and three such pairs in the top 10, it remains to be seen how much fresh capital is flowing into Stellar as of right now.

How all of this will play out for Stellar, remains to be seen. With a week full of solid upward momentum, a small price correction appears to be in order at this stage. That doesn’t necessarily mean we will see such a turn of events this week, but the markets remain unpredictable first and foremost. Anything can happen in the world of cryptocurrency, and the Stellar price may evolve in a direction few people expect as of right now.

Cryptocurrency mining orders have helped set a new monthly sales record for Taiwanese semiconductor maker TSMC.

Robert Shiller, the winner of the 2013 Nobel Prize in Economics, has recently softened his stance on Bitcoin. While still perceiving it as a bubble, he now believes it may ”be with us for a while”.

Shiller previously spoke out on his view that Bitcoin was representative of the cryptocurrency market as a whole, in that they were an economic bubble. He appears now to have a slightly more positive outlook on the future of Bitcoin, however.

Speaking with CNBC, Shiller said: ”I’m interested in Bitcoin as a sort of bubble. It doesn’t mean that it will disappear, that it’ll burst forever. It may be with us for a while”.

While he was keen to comment that he was not entirely dismissive of the idea of cryptocurrencies, he noted his belief that the popularity of the concept was more of a psychological trend than something that could be explained by a computer science department.

Influenced by politics

Shiller went on to discuss the political element of Bitcoin often neglected by economists, referring to a significant fraction of society that simply no longer trusted the government. For these people, part of the appeal of Bitcoin was that the government was not involved in its creation. Rather, it was developed by a qualified computer scientist.

As Shiller put it, ”It’s a great story for today’s markets”.

There are indeed a number of self-proclaimed libertarians that follow cryptocurrencies, as they believe it has the power to reduce unnecessary government intervention in peoples economic lives.

Yale University currently enrolls Shiller as professor of economics. He was one of the only major economists to correctly predict the housing crisis bubble in the US.

The value of Bitcoin is steadily recovering from its depreciation at the beginning of this year. The value of one Bitcoin at the time of writing stands around USD 8,150, after reaching just shy of USD 20,000 in December of last year.

The post Nobel Laureate Shiller Concedes Bitcoin May Be with Us for a While appeared first on BitcoinNews.com.

Determining the future direction of Bitcoin price is always a gamble. Technical analysis can help people gauge what the market is trying to achieve. According to Dan Morehead of Pantera Capital, this is the moment when the trend will turn bullish. Now is an “excellent” buy opportunity, in his opinion, as the bear market seems over.

Dan Morehead Remains a Major Bull

Every single year, Bitcoin sees its up and downs. Such cycles are inevitable in the financial world, especially when dealing with speculative assets. For Bitcoin, the most recent bear market seems to be coming to an end. Those are the findings of Pantera Capital CEO Dan Morehead. The low of $6,500 is the proverbial bottom for Bitcoin for the foreseeable future.

Additionally, it seems now is still a good time to buy. Morehead considers the 200-day moving average low point a significant bullish signal. It doesn’t happen all that often something constantly growing in value reaches such a dip. After hitting $6.620, the Bitcoin price strongly rebounded in the past week and a half. At the time of writing, its value is back near the $8,175 level. That is still a net loss of over 60% compared to last year’s all-time high.

Morehead is confident the year 2018 will end on a positive note. His firm netted a 25,000% return last year. While history does tend to repeat itself, this year may not be as spectacular. With many losses still to be recovered, there is a long way to go to “break even” in this regard. Even so, investors in Morehead’s firm Pantera Capital are bound to make money regardless of the market trend. He is confident people will make a great return even if Bitcoin were to fail.

The Momentum Favors Bitcoin and Altcoins

Looking at the current market information, Morehead may prove to be correct in the long run. All currencies have seen their values increase sharply over the past week and a half. For Bitcoin, a $1,500 increase is not something to sneeze at. Ethereum, Litecoin, XRP, and others have also seen their share of success. The demand for cryptocurrencies is not slowing down, judging by the overall trading volume.

Especially the Bitcoin trading volume is rising. Two to three weeks ago , BTC had $4bn in 24-hour trading volume. Right now, that volume increased to nearly $8bn. This does not include OTC trading, which is also a hot trend right now. Countries such as Canada show a massive interest in trading Bitcoin over-the-counter through platforms such as LocalBitcoins.

With all of the proverbial stars aligning, the future Bitcoin price may look very different. Morehead does not make an effective price prediction, but it seems the only way is up right now. Sustaining this momentum for the long run may prove to be somewhat challenging. If the capital continues to pour into cryptocurrency, a repeat of last year’s bullish run is not out of the question.

The post Rare Buy Sign For Bitcoin Has Emerged: Hedge Fund Manager appeared first on NewsBTC.

With fatigue for trials setting in, business blockchain builders are talking creatively about how to handle the costs of distributed ledger networks.

Key Highlights

• Ethereum classic price is surging higher and is currently placed nicely above $17.00 against the US dollar.
• There was a break above a major connecting resistance trend line at $17.40 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
• The pair is in a solid uptrend and it could continue to move higher towards $20.

Ethereum classic price is poised to extend gains against the US Dollar and Bitcoin. ETC/USD is likely to move past $18.00 for a test of the $20.00 handle.

Ethereum Classic Price Trend

There was a bullish bias formed above the $15.00 level in ETC price against the US dollar. The ETC/USD pair formed a solid support base at $15.00 and started a key upside move. It traded higher and cleared a few important hurdles such as $16.00 and $16.50. More importantly, there was a close above the $16.50 level and the 100 hourly simple moving average, which cleared the path for more gains.

As a result, the price moved above the $17.00 resistance area. Later, there was break above a major connecting resistance trend line at $17.40 on the hourly chart of the ETC/USD pair. The pair traded further higher towards the $18.00 level. A high was formed at $17.97 before the price started a downside correction. It seems like the price may tested the 23.6% Fib retracement level of the last upside wave from the $15.03 low to $17.97 high. The $17.40 support is also close to the broken trend line. Therefore, the $17.40-50 area could act as a strong buy zone.

The chart indicates the current bullish trend above $16.50. As long as the price is above $16.50 and 100 SMA, it could trade to a new monthly high above $18.00. The next major barrier for buyers is close to $20.00.

Hourly MACD – The MACD for ETC/USD is slowly reducing its bullish slope.

Hourly RSI – The RSI for ETC/USD is moving south towards the 50 level.

Major Support Level – $17.00

Major Resistance Level – $18.00

The post Ethereum Classic Price Technical Analysis – ETC/USD Targets $20 appeared first on NewsBTC.