Day: April 24, 2018

SK Telecom has announced plans to launch a blockchain-based platform aimed to simplify payment and subscription processes.

It seems there is no end in sight for the positive cryptocurrency price momentum right now. All currencies remain firmly in the green over the past 24 hours, which comes as a bit of a surprise. The Ethereum price is slowly making its way toward $700 once again, even though this trend is a lot slower than most people would expect it to be at this point.

Ethereum Price is on the Rise

Similar to all other cryptocurrencies, the Ethereum price has been rising steadily for the past week and a half. While that is positive in its own regard, the overall gains are a bit slow compared to some other currencies. Even so, any positive momentum in the world of cryptocurrency should be taken in stride and cherished, as things tend to turn around pretty quickly in this industry.

For the Ethereum price, things have certainly headed in the right direction over the past seven days. With a price increase from just under $500 to $681.65 in quick succession, the uptrend remains firmly intact. Considering how the Ethereum price has dipped below $400 not that long ago, almost reaching $700 so quickly is a victory in its own regard.

Thanks to another 6.99% increase in the past 24 hours, the future looks pretty bright for Ethereum. There is also a 3.07% gain compared to Bitcoin, which is something to keep a close eye on. We have seen similar momentum affecting different altcoins on the market, as now is a good time for alternative currencies to note some positive gains compared to the world’s leading cryptocurrency. If this trend remains intact, the Ethereum price should hit $700 in the next few days.

The overall Ether trading volume is also on the rise this past week. In the past 24 hours, over $2.7bn worth of Ether has changed hands, which is a very strong increase compared to the previous days. This also impacts the overall cryptocurrency trading volume, which is slowly making its way back to $30bn. Everything seems to point at more bullish momentum to come, albeit drawing any conclusion is all but futile at this point.

Looking over the exchanges ranked by trading volume, it appears Bitfinex still holds the crown as of right now. Its volume is slightly ahead of OKex’s USDT pair and Huobi’s USDT pair. Surprisingly, there is no South Korean exchange in the top five right now, as Bithumb comes in seventh place. Fiat currency-wise, there is just one market in the entire top five, which is not necessarily a good or bad thing.

How all of this will unfold for the Ethereum price, is difficult to predict. If the current trend is any indication, things will continue tog up from here, although a temporary retrace is still looming overhead. As of right now, there is a very likely chance the Ethereum price will surpass $700 later this week, but remaining above that threshold will not necessarily be easy. The coming days and weeks will be pretty interesting to keep an eye on, for obvious reasons.

Cryptocurrency advocate and venture capitalist Tim Draper has predicted that Bitcoin could become a vital tool for daily life, bigger even than the internet.

As reported by CNBC, he boldly claimed that Bitcoin would surpass the size of Skype, Tesla and Hotmail, all companies he previously invested in.

Draper even went so far as to claim that Bitcoin could be bigger than the internet, stating: ”It’s bigger than the Iron Age, the Renaissance. It’s bigger than the Industrial Revolution. This affects the entire world and it’s going to be affected in a faster and more prevalent way than you ever imagined.”

Daily purchases will be the future of Bitcoin usage, Draper anticipated. “In five years you are going to try to go buy coffee with fiat currency and they are going to laugh at you because you’re not using crypto,” he said, also noting that he believed there would reach a point where people are no longer interested in holding fiat currency.

He took the opportunity to also reiterate his prediction that Bitcoin would reach USD 250,000 by 2022.

The comments came on Saturday during Draper’s participation in an Intelligence Squared USdebate, presented in partnership with Manhattan Institute’s Adam Smith Society.

Also participating in the debate was Patrick Byrne, CEO of Overstock.com. He shared in Draper’s confidence of Bitcoin, particularly emphasizing its proficient security aspect.

Byrne stated, ”This has been hacked at more than anything in history and has never been defeated. Last I checked, banks get hacked too. And yeah, Bitcoin is used by unsavory characters. Last I checked, they used US dollars too.”

As of Monday, the current market share of Bitcoin is USD 151.5 billion, 38% of the global cryptocurrency market, a large enough sum to validate Draper’s claim that Bitcoin is here for the long term.

Ethereum holds the second largest share, making up roughly 16% of the global market cap, while Ripple comes in third with approximately 8.5%.

The post Tim Draper Predicts Bitcoin Could Be Bigger Than the Internet appeared first on BitcoinNews.com.

In an unlikely partnership, the microstate of San Marino is placing itself to become a ground-up hub for blockchain innovation with help from Estonian based Polybius.

San Marino partners with Estonian Based Polybius

The tiny, mountainous republic of San Marino has announced through the San Marino Innovation Institute the creation of a new company which under San Marino law will be dedicated to developing a first of its kind ecosystem for blockchain innovation.

Physical and legislative work is to begin immediately to create an infrastructure and legal framework catered to the microstate’s intention of becoming a center for the developing blockchain industry.

Sergio Mottola, executive chairman of San Marino Innovation told the BanklessTimes “The Government of the Republic is willing to take the lead on this transformation and is superbly placed to promote digital innovation through the constitution of a forward-looking legislation and jurisdiction to favor the growing blockchain infrastructure.”

When asked about the longevity of cryptocurrencies as an investment and whether the values at the moment are indicative of a bubble Mottola said,

“We are not interested in short term or opportunistic policies to take advantage of the speculation surrounding today’s cryptocurrency world. Rather, we are intrigued by the revolution implicit in the underlying technology; the blockchain, which we expect to bring an impact on the global economy greater than what the Internet has.”

Creating a Ground-Up Hub for Blockchain innovation

The joint venture between San Marino Innovation and Polybius will allow San Marino to utilize the Estonian company’s state of the art digital identification technology to develop world-class authentication verification systems.

Polybius has been a leading developer of distributed ledger technology through their HashCoins OÜ company. Expertise and experience which co-founder Ivan Turygin expects will go a long way to shaping San Marino as a destination for blockchain innovation and in influencing the government to support that development as a path to future economic success.

Co-founder Sergei Potapenko is confident in the partnership due to Polybius’ past experience developing practical solutions on various blockchains. “In the past, we have developed and implemented solutions ranging across password-free authorization, data storage and notary services.” he said.

San Marino Secretary of State for Economic Development Andrea Zafferan talked about the partnership being at the core of the republics development strategy to become a world-leading blockchain hub. Zafferan added that “We are the world’s oldest republic and we are proud to begin a transformation lead by technology,”

Image from Shutterstock

The post World’s Oldest Republic to Become Next Blockchain Hub appeared first on NewsBTC.

Martin Lewis, a British personal finance writer, is suing Facebook for allowing his likeness to be used in scammers’ advertisements on the platform.

Bitcoin Press Release: Decentralized exchange platform EVEN has announced its public presale date. The project will make the first round of tokens available to the public on the 26th of April, 2018.

April 14th, 2018, Tallinn, Estonia — EVEN DEX, the first fully decentralized cryptocurrency exchange  platform, is launching its public Pre-Sale on April 26 in preparation for the upcoming ICO stage. The project is designed with complete decentralization in mind on the basis of a proprietary blockchain to allow users full integrity and security of funds and to ensure transparent and secure transactions with cryptocurrency assets.

The EVEN decentralized platform is heading for its ICO stage as a unique project that has no competitors on the market at present, as all currently operating exchanges are centralized in one way or another. Using its master node system and fully decentralized approach to conducting cryptocurrency exchange operations, the EVEN platform aims at solving the issues of funds security, transaction speeds and availability of professional instruments for trading. Currently, available exchange platform solutions operate through third parties to store user funds, thus subjecting them to risk. The EVEN platform intends to implement its exchange on a proprietary blockchain and ensure entirely decentralized funds storage.

The greatest issues currently facing exchanges operating on the market are related to increasing activity and tightening of regulations on the part of state and international regulating authorities for political or economic reasons or as a result of hacker attacks or fraudulent activities. Such actions are limiting the operational capacities of centralized exchanges and seriously hamper the development of the crypto industry.

The advantages presented by the EVEN platform include such highly necessary inbuilt instruments as the DEX multicurrency wallet with incorporated protection from third-party interference. The platform also offers a convenient exchange with user-friendly buying and exchange options for a wide range of available cryptocurrencies. In addition, the EVEN platform has a decentralized escrow option for the smart contract, thus ensuring maximum protection from external interference.

The EVEN platform is developed in the C ++ programming language using the OpenSSL cryptographic library. The solution is a modified implementation of the consensus generation algorithm Delegated Proof of Stake and the implementation of the Decentralized Security Deposit algorithm developed by EVEN Foundation.

The EVEN platform is aiming at operating entirely within the legal regulatory environment and establishing working relations with the regulating authorities. Our cooperative approach to creating direct access to liquidity on the crypto market is of strategic advantage for the EVEN project and is aimed at catering to all platform participants by ensuring the security of their activities and the safety of their funds.

Having examined the faults and aspects of various exchanges existing on the market and having learned from the historical aspects of the crypto industry’s development, the development team of the EVEN exchange platform is determined to create a product that would cater to the needs of modern crypto market participants.

Learn more on the EVEN website – http://www.evenfound.org/en
Read the EVEN Whitepaper – http://www.evenfound.org/assets/files/EVEN_WhitePaper_EN.pdf
Chat with the EVEN team on Telegram – https://t.me/evenchateng
Follow EVEN on Twitter – https://twitter.com/evenfoundation
Follow EVEN on Facebook – https://www.facebook.com/evenfoundation
Learn more about EVEN on Medium – https://medium.com/@evenfoundation

Media Contact

Contact Name: Olga Gordeeva
Email: [email protected]
Location: Tallinn, Estonia
Company: EVEN

EVEN 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. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz

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

The post PR: Decentralized EVEN Platform Launching Public Pre-Sale on April 26 appeared first on BitcoinNews.com.

Bill Baruch: crypto sector has “much more upside” in the long term, short term will see BTC between $11,500 and $11,800. #NEWS

20% of finance firms tell Reuters they want to offer crypto by the end of the year. #NEWS

Positive gains have been recorded across three of the most popular cannabis-related coins in the run-up to and over the 4/20 (20 April) period.

Ideals behind cannabis coins

The cannabis coins, although often not taken seriously, are looking to address some significant issues within this niche market.

Recreational and medicinal cannabis use is growing, with the legal adoption ranging across a number of US states, although it is currently deemed illegal by federal law. This has led to banks generally not wanting to provide their services to these companies.

THC, POT, CANN, and other cannabis currencies are looking to provide an alternative banking and payment system for dispensaries and the cannabis community.

The combined market cap of USD 58,451,099 (at time of writing) for the above currencies suggests that the community views a future for what these coins are looking to achieve.

PotCoin (POT) is one of the more established coins which has been running since January 2014 with its iconic 420 million coins in circulation. PotCoin has gone as far as installing POT ATMs at cannabis dispensaries in Colorado and is now in over 35 countries with 800 ATMs globally with the idea of continued expansion.

CannabisCoin has the idea to make their cryptocurrency directly relative to cannabis in terms of value. Their specific strains are grown with the concept of the exchange rate being 1 gram to 1 CannabisCoin.

HempCoin has taken a different approach with the idea of focusing its use to be among the agricultural industry and medical or recreational dispensaries. The coin looks to facilitate the purchasing tools and equipment.

Recent market overview

Total spending, in the cannabis industry, could increase to an excess of USD 21 billion in the US by 2021. This estimate is inclusive of revenue and transactions within the industry for equipment, shipping, and payroll. This is a rapidly growing market which could yield global adoption, with the possibility for cannabis-related coins and blockchain to be the systems the industry is built on.

THC, POT, CANN as with most other currencies, appeared to bottom out around the end of March. Although slow to recover, the well known 4/20 holiday spurred some positive gains. Although coins are currently at the mercy of the crypto world as we start to see currencies and technologies affiliate themselves with real-world products and services, stability and a higher worth maybe achieved.

HempCoin announced its masternode development promoting privacy, budgeting and governance capabilities on 4/20, with its continuing development to change the financial world of cannabis.

Green future

Meeting shady individuals on a street corner will be a thing of the past. The future could bring a regulated, quality-controlled market for medicines and equipment. Blockchain could be used to track medicine and specialist equipment straight from the source, providing those who are ill with a certified product.

The post Cannabis Coins in the Green appeared first on BitcoinNews.com.

A survey conducted by Thomson Reuters found that around 20 percent of its financial services clients are mulling trading cryptocurrencies in 2018.

Key Highlights

• Ethereum classic price accelerated gains and broke the $20 resistance level against the US dollar.
• There are two bullish trend lines forming with support at $21.00 and $20.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
• The pair remains elevated and it could continue to move higher above the $22.00 level.

Ethereum classic price is placed in a solid uptrend against the US Dollar and Bitcoin. ETC/USD may continue to move higher and it could test $25.

Ethereum Classic Price Support

The past few sessions were super bullish as ETC price surged from the $18.00 swing low against the US dollar. The ETC/USD pair traded higher and broke the $20.00 barrier to move into a bullish zone. It even cleared sell offers near $21.00 and traded towards $22.00. A high was formed at $21.91, and it seems like the price remains in a solid uptrend above $20.00.

An initial support is around the 23.6% Fib retracement level of the last leg from the $19.87 low to $21.91 high. More importantly, there are two bullish trend lines forming with support at $21.00 and $20.50 on the hourly chart of the ETC/USD pair. Below the first trend line, the 50% Fib retracement level of the last leg from the $19.87 low to $21.91 high is at $20.89. The mentioned $20.90-21.00 area is a significant support since it was a resistance earlier. If the price corrects lower from the current levels, the $20.90-21.00 area is likely to act as a decent buy zone.

The chart points that the price will most likely accelerate gains above $21.91. A break above the $22.00 level could clear the path for an acceleration towards the $25.00 level. An intermediate resistance is close to $23.60.

Hourly MACD – The MACD for ETC/USD is gaining momentum in the bullish zone.

Hourly RSI – The RSI for ETC/USD is currently near the overbought levels.

Major Support Level – $20.90

Major Resistance Level – $22.00

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