Dubai’s Biggest Bank NBD seeks to introduce its Blockchain solution to prevent check fraud in the UAE. #NEWS
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Dubai’s Biggest Bank NBD seeks to introduce its Blockchain solution to prevent check fraud in the UAE. #NEWS
Dubai’s Biggest Bank NBD seeks to introduce its Blockchain solution to prevent check fraud in the UAE. #NEWS
In a world where knowledge is power, your personal data is constantly being sold to marketing companies and contributing to statistics used for research and product development. Google and Facebook, for example, are constantly profiling you behind the scenes, using your data to make targeted adverts more effective. Did you know you could download your …
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In a world where knowledge is power, your personal data is constantly being sold to marketing companies and contributing to statistics used for research and product development.
Google and Facebook, for example, are constantly profiling you behind the scenes, using your data to make targeted adverts more effective. Did you know you could download your entire Google and Facebook data, including pages/sites you have visited, access usage information and view other personal information?
Some analysts believe that on average, the 0.7 GB of data you produce every day is valued at hundreds of dollars. As technology continues to develop, our mobile devices are able to collect more data such as locations visited, places you have eaten, so the potential to profit from this data is rapidly growing.
Companies like Acxiom collect data from several sources to create databases of thousands of customer traits and basic information. Data is then sold to marketers, non-profits, and researchers.
Insurers, large pharmaceutical companies and researchers buy data in relation to public health to better understand their target demographic’s lifestyle and ensure research and/or testing is reliable.
Personal data regarding your interests and purchase history can be used to analyze and forecast future market trends. For example, ownership of a games console, regular purchasing of games and viewing of future console news can help predict the stock required for the launch of the new console.
Blockchain can put you in charge, by providing a secure platform for you to store your data on, while giving you the choice of who you sell or share data with.
Blockchain is set to provide a private, secure platform that is easily accessible by trusted parties with the ease of incorporating cryptocurrencies for payments, especially with privacy coins providing another level of confidentiality.
Personally identifying information can be removed from data before it is encrypted and stored on the network. Data can then be shared with companies by providing the privacy key in exchange for currency or just to a good cause.
Datum and Datawallet are two companies so far that are looking to bring power back to the people, by putting them back in control of currently one of the most valuable resources available.
Roger Haenni, CEO, and Co-founder at Datum said, “Blockchain technology allows for secure storage of data in a trustless and decentralized manner, where individuals own the keys to their own data, outside the control of any large entity… this allows, for the first time, to create a decentralized data storage network that allows anyone to monetize their data without being controlled by one single actor.”
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A start-up aiming to raise the profile of social media influencers has struck partnerships to help talent boost their advertising revenue #SPONSORED
A start-up aiming to raise the profile of social media influencers has struck partnerships to help talent boost their advertising revenue #SPONSORED
newsBTCBitcoin Price Technical Analysis for 04/23/2018 – Bulls Back in Action!newsBTCBitcoin price is trending higher but might be due for a pullback to its channel support. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA to …
newsBTC | Bitcoin Price Technical Analysis for 04/23/2018 – Bulls Back in Action! newsBTC Bitcoin price is trending higher but might be due for a pullback to its channel support. 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 ... |
As China continues on the path of restrictive and ambiguous regulation over their growing fintech industry, tech companies are leaving in droves for the more welcoming shores of Hong Kong and Singapore. Hong Kong And Singapore Benefit from China’s Crypto Phobia Singapore and Hong Kong are experiencing an explosion in the number of companies launching ICO’s in…
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As China continues on the path of restrictive and ambiguous regulation over their growing fintech industry, tech companies are leaving in droves for the more welcoming shores of Hong Kong and Singapore.
Singapore and Hong Kong are experiencing an explosion in the number of companies launching ICO’s in the past few months and they have China to thank for it. Since Beijing has defined Initial Coin Offering as an illegal fundraising tool in fear of potential financial crimes that can be perpetrated using the method startups from within the country are looking for places that will allow them to grow freely.
An initial coin offering is the most popular way for startup tech companies to raise funds. Selling digital tokens for hard currency or other more established cryptocurrency such as Bitcoin which the buyer can exchange for goods and services from the startup or more commonly hold as an investment in the company. This form of fundraising has been under scrutiny in countries around the world as it is still generally unregulated and seen as open to criminally related activity.
When China clamped down on ICO fundraising, Singapore and Hong Kong have filled the gap to embrace it. Both former colonies and financial hubs have set in place easy to manage registration systems for startups looking to launch their ICO’s.
“We cannot say Singapore has become an ICO hub yet, as more work needs to be done, but yes, there has been a lot of activity since September last year,” said Anson Zeall, chairman of the Association of Cryptocurrency Enterprises and Startups Singapore in the South China Morning Post.
Funderbeam has reported that Singapore has become the third most popular place to launch an ICO after the United States and Switzerland.
For Chinese companies looking for a regulatory safe haven, both Singapore and Hong Kong are the obvious choice over making a move to crypto friendly Japan or even Taiwan since Chinese is widely spoken in both cities and the investors are already there.
Ben Yates a lawyer specializing in fintech and cyber law in Hong Kong commented on the increase of ICO inquiries coming in being measured at a daily rate. He was quoted in the SCMP saying,
“It is very likely that the surge in the number of ICO inquiries we have received in the past few months is at least partly a consequence of the restrictions in mainland China,”
It’s not only Chinese companies seeking refuge from regulations in Hong Kong and Singapore. Since the regulatory reform of ICO’s begun in South Korea companies are leaving Seoul as well. Companies in Thailand may also follow suit if the military government there goes ahead with its heavy crypto taxation plans.
To date, neither Hong Kong nor Singapore has developed specific rules for raising money through ICOs, though regulatory framework for raising money using digital currency is being established in both.
Image from Shutterstock
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Key Highlights Ripple price gained bullish momentum and traded towards the $0.9500 level against the US dollar. There is a tiny connecting bearish trend line forming with resistance at $0.8800 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may correct a few points, but it remains supported above the…
The post Ripple Price Technical Analysis – XRP/USD Correcting Lower appeared first on NewsBTC.
Ripple price is trading in a bullish zone against the US Dollar and Bitcoin. XRP/USD may decline in the short term, but it remains buy on dips around $0.8000.
There were further gains above the $0.8000 level in Ripple price against the US Dollar. The price moved above the $0.8500 and $0.9000 levels to trade to a new monthly high at $0.9408. Later, a minor downside correction was initiated and the price moved below the $0.8500 support. It traded as low as $0.8084 where it found buyers and declines were protected. It recovered and moved above the 50% Fib retracement level of the last drop from the $0.9408 high to $0.8084 low.
However, the upside recovery was protected by the $0.9100 level. Moreover, the 76.4% Fib retracement level of the last drop from the $0.9408 high to $0.8084 low acted as a hurdle. There was no break above the last swing high of $0.9408 and the price moved down. At the moment, there is a tiny connecting bearish trend line forming with resistance at $0.8800 on the hourly chart of the XRP/USD pair. As long as the pair is below the $0.8800 resistance, it may correct further in the near term.
Looking at the chart, it seems like the price is well supported above the $0.8000 level. Therefore, the current correction could complete soon and the price will most likely break $0.9000 to resume uptrend.
Looking at the technical indicators:
Hourly MACD – The MACD for XRP/USD is currently in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now well below the 50 level.
Major Support Level – $0.8000
Major Resistance Level – $0.8800
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Take a look at the most crypto progressive nation at the continent #EXPERT_TAKE
Take a look at the most crypto progressive nation at the continent #EXPERT_TAKE
Four students studying at Harvard University have created their very own cryptocurrency hedge fund: Plympton Capital. A fundraising target of USD 1 million While the hedge fund is still in the fundraising stage, within six to eight weeks the students say they should be prepared for the official launch. Plympton Capital has already received USD 700,000 from …
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Four students studying at Harvard University have created their very own cryptocurrency hedge fund: Plympton Capital.
While the hedge fund is still in the fundraising stage, within six to eight weeks the students say they should be prepared for the official launch. Plympton Capital has already received USD 700,000 from friends and family during the fundraising, with a target set of USD 1 million.
Global head of fintech strategy at Autonomous Research Lex Sokolin noted that to run a successful hedge fund, USD 50 million might be a more realistic target. He said, ”If it’s not grounded in reality and compliance, the project will get eaten up by the increasingly sophisticated competition.”
19-year-old Bushra Hamid heads the team, with the additional three members of the team Scott Sussex, Omar Sorour and Junaid Zubair.
In an increasingly saturated space for cryptocurrency hedge funds, Plympton Capital will have to provide an exemplary investment strategy, as well as model professionalism to overcome those skeptical of a hedge fund managed by students.
Recent reporting by Bloomberg indicates that during Q1 2018, digital currency hedge funds unsurprisingly experienced stagnation in the bear cryptocurrency market.
As well as this, the Securities and Exchange Commision (SEC) is currently investigating over 100 cryptocurrency hedge funds on account of acting against regulations. Some funds have been issued subpoenas, while several have stopped doing business.
The Eurekahedge Cryptocurrency Hedge Fund Index reports that the return on investment for cryptocurrency funds has dropped this year to 40%. Comparatively, 2017 saw the maximum return rate of 1,700%. It has been predicted that over 10% of cryptocurrency hedge funds may not be operational by December this year.
Plympton Capital may survive this turbulent market, however, not least due to the support they have received in the media. Being a group of Harvard students is certainly a niche offering; if their policies and services are strong enough they may well succeed.
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Travel Booking Site CheapAir Is Switching Bitcoin Payment ProcessorsCoindeskOnline travel booking agency CheapAir.com said Friday that it will switch bitcoin payment processors following a services change by Coinbase. CheapAir.com – which began accepti…
Travel Booking Site CheapAir Is Switching Bitcoin Payment Processors Coindesk Online travel booking agency CheapAir.com said Friday that it will switch bitcoin payment processors following a services change by Coinbase. CheapAir.com - which began accepting bitcoin back in 2013, a first for the global travel industry - explained ... |
CheapAir.com is to switch bitcoin payment processors following a service change by Coinbase, but the new integration poses problems for users.
CheapAir.com is to switch bitcoin payment processors following a service change by Coinbase, but the new integration poses problems for users.
Bitcoin Price Key Highlights Bitcoin price has gained some traction since breaking past its inverse head and shoulders neckline. Price is now trading inside an ascending channel and testing the resistance. A return in bearish pressure could take it back down to support around the Fib levels. Bitcoin price is trending higher but might be…
The post Bitcoin Price Technical Analysis for 04/23/2018 – Bulls Back in Action! appeared first on NewsBTC.
Bitcoin Price Key Highlights
Bitcoin price is trending higher but might be due for a pullback to its channel support.
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 uptrend is more likely to resume than to reverse.
Applying the Fib tool to the latest swing low and high shows that the 61.8% retracement level lines up with the bottom of the channel at $8338.30. The 38.2% retracement level is close to the mid-channel area of interest at $8600.
The 100 SMA is above the longer-term 200 SMA to confirm that the path of least resistance is to the upside. In other words, the uptrend is more likely to continue than to reverse. The gap between the two is also widening to reflect stronger bullish momentum.
Stochastic looks ready to turn up from the overbought zone to signal a return in buying pressure. In that case, bitcoin could even attempt to break past the channel resistance or swing high at $9000 to establish a steeper climb.
Market Factors
Exchanges are reporting that buy orders are nearing 92% of activity, drawing even more investors in so as to not get left behind in the rally. Some predict that bitcoin could surge past the $20,000 highs within the quarter.
Risk appetite has also been mostly supported in the markets, which means that traders are willing to place bets outside of traditional assets like stocks and commodities. Sentiment in the cryptocurrency industry itself has also improved significantly over the past couple of weeks, spurred by news about big hedge funds and acquisitions in the space.
The post Bitcoin Price Technical Analysis for 04/23/2018 – Bulls Back in Action! appeared first on NewsBTC.
Oki Matsumoto’s comment raises eyebrows, given that his firm just plumped for a crypto exchange of its own.
Oki Matsumoto’s comment raises eyebrows, given that his firm just plumped for a crypto exchange of its own.
Quartz |
India’s central bank has been taken to court over its cryptocurrency crackdown
Quartz “It (the RBI directive) has come with this overarching order that can be challenged on several counts,” Anirudh Rastogi, managing partner at law firm TRA, which represents several bitcoin exchanges in the country, told Quartz earlier in April. “There … Delhi High Court issues a notice to RBI for the baseless Bitcoin [BTC] and crypto ban – Indian community rejoice!AMBCrypto |
Quartz | India's central bank has been taken to court over its cryptocurrency crackdown Quartz “It (the RBI directive) has come with this overarching order that can be challenged on several counts,” Anirudh Rastogi, managing partner at law firm TRA, which represents several bitcoin exchanges in the country, told Quartz earlier in April. “There ... Delhi High Court issues a notice to RBI for the baseless Bitcoin [BTC] and crypto ban – Indian community rejoice! |
newsBTCAsian Cryptocurrency Trading Roundup: Top Altcoin is Bitcoin PrivatenewsBTCAs we enter another week in crypto land markets are looking bullish and nearly all cryptocurrencies are in the green once again. The rally has remained strong and total m…
newsBTC | Asian Cryptocurrency Trading Roundup: Top Altcoin is Bitcoin Private newsBTC As we enter another week in crypto land markets are looking bullish and nearly all cryptocurrencies are in the green once again. The rally has remained strong and total market capitalization is approaching $400 billion, the highest it has been for ... Bitcoin Private Price Pump Will run out of Steam Pretty Quickly |
FOMO Moments As we enter another week in crypto land markets are looking bullish and nearly all cryptocurrencies are in the green once again. The rally has remained strong and total market capitalization is approaching $400 billion, the highest it has been for around six weeks. Bitcoin has remained sideways over the past 24 hours…
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As we enter another week in crypto land markets are looking bullish and nearly all cryptocurrencies are in the green once again. The rally has remained strong and total market capitalization is approaching $400 billion, the highest it has been for around six weeks. Bitcoin has remained sideways over the past 24 hours and is currently trading at $8,870, up just 0.3% on the day. Altcoins are all faring pretty well and none of them have suffered major losses over the weekend. One roaring off ahead of the pack this Monday morning in Asia is Bitcoin Private.
Coinmarketcap is currently reporting a 22% gain for BTCP over the past 24 hours. This recently forked altcoin was trading at $45.50 this time yesterday but is up to $55.40 during the morning’s Asian trading session. Over the week Bitcoin Private has over doubled in price from around $26 this time last Monday. A huge spike was recorded on Saturday when BTCP shot to $78 in a matter of seconds. The dump came immediately after when the coin returned to just over $40. Over the day Bitcoin Private has climbed from 520000 satoshis to 613800 sats marking an almost 20% gain against BTC. The weekly gain is even more impressive at about 90% from roughly 323000 satoshis this time last week.
Bitcoin Private recently co-forked from Bitcoin and ZClassic, and the mainnet went live on March 3rd. It uses the same privacy technology as ZCL (zk-snarks), which means payments are published on the public blockchain, but the sender, recipient, and other transactional metadata remain unidentifiable. BTCP joins the ranks of growing number of other privacy focused altcoins including Monero, Zcash, Zcoin, Verge, Dash and PivX.
Current momentum has pulled Bitcoin Private up into the top 25 cryptocurrencies by market cap. It has yet to be listed on many exchanges so the majority trade over the past day has been on two obscure exchanges; Trade Satoshi and Nanex, the Nano based platform. Total volume is currently $2.4 million which has bumped the BTCP market cap $1.1 billion placing it at 24th, knocking Zcash and Nano out of the top 25.
Total crypto market cap is inching towards the $400 billion level, over the past 24 hours it is up 3.4% to $394 billion. Since last Monday it is up over 20% signifying the strongest rally since early February. Other altcoins enjoying solid growth during Asian trading this morning include Ethereum, Bitcoin Cash, Monero, Iota, and Qtum.
More on Bitcoin Private can be found here: https://btcprivate.org/
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 possible fundamentals.
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