Mastodon

IOTA Price Notes Strong Gains Despite Bearish Pressure for all Cryptocurrencies

TheMerkle Omoku IOTA BrokerToday will be either a pretty good or absolutely terrible day for all cryptocurrencies. More specifically, the uptrend is still in place, although it seems evident there is some bearish pressure forming as well. As of right now, the IOTA price is still noting some strong gains, as it value holds steady above $2. Whether or not this trend will continue in the days to come, is a different matter altogether. IOTA Price Momentum Remains Strong Anyone who has kept a close eye on the cryptocurrency will know all too well how there is a ton of volatility to contend

TheMerkle Omoku IOTA Broker

Today will be either a pretty good or absolutely terrible day for all cryptocurrencies. More specifically, the uptrend is still in place, although it seems evident there is some bearish pressure forming as well. As of right now, the IOTA price is still noting some strong gains, as it value holds steady above $2. Whether or not this trend will continue in the days to come, is a different matter altogether.

IOTA Price Momentum Remains Strong

Anyone who has kept a close eye on the cryptocurrency will know all too well how there is a ton of volatility to contend with in this regard. In the case of the IOTA price, things have been heading an interesting direction as of late. More specifically, there has been some pretty solid price momentum over the past three weeks, yet anything can happen in this industry at any given moment.

With a solid 12.68% IOTA price gain over the past 24 hours, things are looking pretty good for this particular altcoin. Although there is still plenty that can go wrong before we can speak of a successful market recovery, the current trend looks pretty significant. With most of the top 10 cryptocurrencies noting small to medium gains, the overall demand for cryptocurrency is not slowing down by any means.

As one would expect, the IOTA price is also gaining on Bitcoin. Thanks to a solid 11.81% increase in the MIOTA/BTC ratio over the past 24 hours, things are looking pretty good as of right now. If this trend keeps up, there is a very good chance we will see the IOTA price surpass $2.5 in the very near future. If and when that will happen exactly, remains to be determined, for obvious reasons.

Thanks to over $228.496m in 24-hour trading volume, there appears to be a genuine demand for IOTA. Although it is likely this is mainly due to speculation and hype more than anything else, the same concept applies to virtually all cryptocurrencies on the market today. The ITOA trading volume has been on the rise for some time now, which is a positive trend to keep an eye on.

As of right now, Binance is the biggest market for IOTA trading. Its lead over Bitfinex is not all that big, but both platforms are well ahead of Coinone in this regard. With OKEx taking fourth and fifth place with its BTC and USDT pairs, things look pretty good for IOTA. If these exchanges can keep up the trading activity for this altcoin, we may see some interesting IOTA price movement moving forward.

For the time being, we have to wait and see what the future brings for the IOTA price. With most cryptocurrencies on the fence between going up in value or remaining in sideways trading momentum, it will be interesting to see what the end of the week brings to the table. If the previous weeks are any indication, some minor changes throughout the upcoming weekend will become apparent. For now, the IOTA price is doing just fine, although this may not be the last of the upward momentum.

Taking the New On-Chain BCH-Powered Social App Blockpress for a Test Flight

Taking the New BCH-Powered Social App Blockpress for a Test FlightOn May 2, a new on-chain social media platform for the Bitcoin Cash network was announced called ‘Blockpress.’ According to the Blockpress development team the platform has been under construction for months, and they are pleased to finally release the initial version to the public. Also read: Markets Update: Trading Action Heats Up During the First […]

The post Taking the New On-Chain BCH-Powered Social App Blockpress for a Test Flight appeared first on Bitcoin News.

Taking the New BCH-Powered Social App Blockpress for a Test Flight

On May 2, a new on-chain social media platform for the Bitcoin Cash network was announced called ‘Blockpress.’ According to the Blockpress development team the platform has been under construction for months, and they are pleased to finally release the initial version to the public.

Also read: Markets Update: Trading Action Heats Up During the First Week of May

Another On-Chain Social Media Platform Called Blockpress Launches on the Bitcoin Cash Blockchain

Taking the New BCH-Powered Social App Blockpress for a Test FlightAfter the past few weeks with everyone talking about the on-chain social media application Memo, another similar platform has been introduced to the bitcoin cash community. On Wednesday, May 2, a developer announced the launch of BCH-powered social media service called Blockpress. The social media application Blockpress, much like Memo, performs every action using a bitcoin cash transaction. However, Blockpress is far richer, as far as the graphic interface is concerned, as the application resembles the look of a Twitter profile page. Blockpress allows users to add their name, set an avatar, and also set a cover photo for their profile with each action costing a microtransaction of BCH. Moreover, Blockpress says that they plan to integrate the Inter-Planetary File System (IPFS) with the platform in the near future.  

Taking the New BCH-Powered Social App Blockpress for a Test flight
The Blockpress feed of posts.

Taking the Blockpress Platform for a Test Flight

Just like when we tested Memo, at news.Bitcoin.com we decided to give Blockpress a test flight to get an overall feel for how to use the application. Like last time we deposited $1 USD worth of BCH into our wallet after initial sign up. Always remember these apps are very new and you should only use a small fraction of BCH, and it’s always a good idea to backup your wallet’s key. One confirmation is needed to see the BCH funds appear in your Blockpress account, and from there you can get started utilizing the platform.

Taking the New BCH-Powered Social App Blockpress for a Test flight
This is how a profile looks on Blockpress.

After scrolling through the list of people posting 70-character posts on Blockpress, head over to the profile section to update your avatar. Editing the profile right now gives you three options — set name, set photo URL, and set header URL. This means you need to add a direct URL link to these fields from a photo site like Imgur. As stated above, each action, like setting a profile picture, costs a small fraction of BCH and is less than a penny. For a rough estimate, nine actions were less than 3 cents USD following the transactions along with the Bitcoin.com Block Explorer.  

‘Bitcoin Cash is the Most Scalable, Fastest and Lowest Cost Network to Build On Top Of’

After uploading a profile, header, and username you can head over to the posting section where users can write 70 characters including emojis. Users can reply to posts, as well as like them and tip the user with bitcoin cash. The platform ran very smoothly, and there seems to be a decent amount of people testing the platform out so far since the team launched Blockpress.

Taking the New BCH-Powered Social App Blockpress for a Test flight
All actions on Blockpress require a microtransaction of BCH less than a penny. Users can also tip each other’s posts with bitcoin cash.

After giving the application a test, news.Bitcoin.com talked with the developer of Blockpress who calls himself ‘Attila,’ in a conversation using Telegram. We asked Attila why he decided to create a social media application using bitcoin cash, and we also asked what he thought about the recently launched Memo platform.

“Simply put, Bitcoin Cash is the most scalable, fastest and lowest cost network to build on top of — I’ve been a huge fan of the original peer-to-peer electronic cash vision and want to see new services be built on BCH,” Attila explains to news.Bitcoin.com. “The Memo team and community are inspiring and we’re absolutely impressed by what they accomplished. We were working on the ‘Blockpress Protocol’ for a couple months and were absolutely impressed and relieved to see that others are building on top of BCH.”

News.Bitcoin.com asked Attila how the actions work on Blockpress and he explained everything is done using an OP_Return protocol.

“We will be publishing specs today on the website,” Attila emphasizes.  

It is a simple and flexible OP_Return protocol that gives us flexibility for our roadmap.  Our plan is to open source the entire code base soon — Our vision is a world where anyone can share, create and connect with each other with no intermediaries.

What do you think about the BCH-based platform Blockpress? Let us know your thoughts about this application in the comments below.

Disclaimer: Bitcoin.com does not endorse this product/service. Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Images via Shutterstock, the Blockpress website, and Jamie Redman.


Do you agree with us that Bitcoin is the best invention since sliced bread? Thought so. That’s why we are building this online universe revolving around anything and everything Bitcoin. We have a store. And a forum. And a casino, a pool and real-time price statistics.

The post Taking the New On-Chain BCH-Powered Social App Blockpress for a Test Flight appeared first on Bitcoin News.

Bitcoin Price Analysis, 2 May 2018: Prices Rise to $9,250

Bitcoin prices recovered back above USD 9,000 prices after a breach below such levels prior to today’s trading session. Notably, prices have kept rising ever since, with BTC/USD rates now looming around USD 9,250. The Day’s Signals Prices fell below USD 9,000 levels through the last trading session but have since slowly and steadily recovered. …

The post Bitcoin Price Analysis, 2 May 2018: Prices Rise to $9,250 appeared first on BitcoinNews.com.

Bitcoin prices recovered back above USD 9,000 prices after a breach below such levels prior to today’s trading session. Notably, prices have kept rising ever since, with BTC/USD rates now looming around USD 9,250.

The Day’s Signals

  1. Prices fell below USD 9,000 levels through the last trading session but have since slowly and steadily recovered.
  2. Trading volumes remain high with apparent interest from traders to provide support for the rising price.
  3. Bitcoin prices are reaching above USD 9,200 price levels with more positivity in the recent hours.

Bitcoin Price Analysis, 2 May 2018: Prices Rise to $9,250

GDAX BTC/USD charts are showcasing how the market is moving in the following of yesterday’s breach. In so far, traders have managed to break away from the selling pressure that had Bitcoin prices trading below USD 9,000. Bitcoin prices now appear to be on a rising trail with the market’s sentiment continuing to build up on the positivity. Selling pressure received responses that led to recoveries throughout the course of the day.

Bitcoin Price Analysis, 2 May 2018: Prices Rise to $9,250

OKEX BTC/USD weekly futures charts still showcase the positive divide futures traders are maintaining between their markets and live prices. Bitcoin futures prices are continuing to trade above live market rates. While this trend began earlier in the week, yesterday’s breach doesn’t seem to have affected the sentiment among futures markets. It’s also worth noting that this positivity only kept growing as confidence in the rising price gained.

All in all, traders are now showcasing more confidence with prices staying above USD 9,000 after a head start in the beginning of today’s trading session. This market sentiment might be something that more positive developments could be launched from. While the recent top price point at USD 9,500 was reached earlier this week, BTC/USD markets have had a hard time reaching close to such levels again since. However, the recent positive developments could be signaling a breakout of the post-correction market sentiment.

 

The post Bitcoin Price Analysis, 2 May 2018: Prices Rise to $9,250 appeared first on BitcoinNews.com.

China National Radio Questions Legality of OKEx Bitcoin Futures Trading – Coindesk

CoindeskChina National Radio Questions Legality of OKEx Bitcoin Futures TradingCoindeskChina National Radio (CNR), a high-level government mouthpiece, has aired doubts about the legality of services offered by OKEx, the Hong Kong-based cryptocurrency e…


Coindesk

China National Radio Questions Legality of OKEx Bitcoin Futures Trading
Coindesk
China National Radio (CNR), a high-level government mouthpiece, has aired doubts about the legality of services offered by OKEx, the Hong Kong-based cryptocurrency exchange launched by OKCoin, previously one of the "Big Three" trading platforms in ...

and more »

Commercialized AR Dapp Platform Based on NEM Technology

Throughout their lives, average consumers want to experience more than what the naked eye can see. The world is packed with items, objects, landscapes, and artwork that people want to access, but can’t because they don’t have enough information. There’s a lot of content wandering around just waiting to be discovered, whether it’s a designer

The post Commercialized AR Dapp Platform Based on NEM Technology appeared first on NewsBTC.

Throughout their lives, average consumers want to experience more than what the naked eye can see. The world is packed with items, objects, landscapes, and artwork that people want to access, but can’t because they don’t have enough information. There’s a lot of content wandering around just waiting to be discovered, whether it’s a designer dress, an ad, or a custom-made video.

Augmented reality is a technology that adds a touch of reality to everything virtual. Simply put, it takes the experience of looking at pictures in a museum and turns it into a more realistic experience. Decentralized platform Scanetchain enters the market with a project that aims to use NEM technology to build an ecosystem where advertising, social networking, shopping, and content distribution are consumed seamlessly and securely in AR.

The Scanetchain NEM-based ecosystem

Scanetchain connects offline environments to the Blockchain network by leveraging the power of AR technology. The project will provide an evolved yet effective solution for searching data that is more efficient than keyword searches and QR codes. It will allow users to scan objects and images around them in order to obtain the required information on the spot.

The platform connects offline elements immediately and conveniently to the Blockchain network through the implementation of its distributed ledger, ScanLedger. Powered by NEM technology, all actions performed on Scanetchain are transparent, highly secure, and fully verifiable. Users are invited to create content, match their data, and upload markers without having to download any additional software. The only device users will need is a smartphone.  

The four elements framing the Scanetchain commercialization platform

AR technology is at the core of the Scanetchain ecosystem. Users will leverage their smartphones to create scannable markers, display them on the platform, and share them with other users. All content will be uploaded to the Scanetchain AR-based cloud, and NEM technology will be used to ensure the user’s data is fully secure.

Scanetchain will operate both off-chain and on-chain, and it will be divided into four main sections:

  • The AR advertising system targets users who scan advertisements using their AR camera anywhere and anytime. Also, they are rewarded SWC tokens after watching advertisements.
  • The AR shopping system targets users who have already collected SWC tokens and would like to spend them on the Scanetchain marketplace to buy products or any other form of available content.
  • The AR social network system targets users that wish to bring their Blockchain social network content offline using the AR frame.
  • The content distribution system where users find an open-market platform that leverages an automatic notarization system powered by NEM Blockchain (Apostille).

When users choose to distribute their content on Scanetchain, they get a copyright certificate to protect their assets. After the content has been notarized, content creators are free to set their own price and sell in exchange for SWC tokens.

The Scanetchain AR-based Dapp is ERC-20 compliant and developed on the Ethereum network. The end goal of the project is to become a one-stop-shop for commercializing content both off-chain and on-chain. Powered by NEM technology, the platform has a private token sale live and ongoing. For the public token sale, which will go live in May and June, there will be 1 billion SWC tokens available, and a hard cap of 600 million SWC tokens. 60 percent of the allocated funds are reserved for the founders and 15 percent for members and ICO advisors.

 

The post Commercialized AR Dapp Platform Based on NEM Technology appeared first on NewsBTC.