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Thailand’s legal framework for cryptocurrencies has now come into force, bringing crypto transactions under the aegis of the country’s SEC
Thailand’s legal framework for cryptocurrencies has now come into force, bringing crypto transactions under the aegis of the country’s SEC
The big question this week is whether or not the cryptocurrency markets will recover or continue to suffer from bearish pressure. So far, it seems as if some minor gains will be noted throughout the day, although Bitcoin is still struggling in this regard. The XRP price, on the other hand, is slowly making its way back to the $0.75 mark. A positive trend that may effectively spell positive things to come for other cryptocurrencies. XRP Price Momentum Looks Promising After the setbacks of late last week, it is good to see most cryptocurrencies recover a bit on this day.
The big question this week is whether or not the cryptocurrency markets will recover or continue to suffer from bearish pressure. So far, it seems as if some minor gains will be noted throughout the day, although Bitcoin is still struggling in this regard. The XRP price, on the other hand, is slowly making its way back to the $0.75 mark. A positive trend that may effectively spell positive things to come for other cryptocurrencies.
After the setbacks of late last week, it is good to see most cryptocurrencies recover a bit on this day. It is evident there is still a lot of work left to be done before things return to normal, but the current XRP price trend looks rather promising. With some solid overnight gains, the value per XRP is slowly heading back to $0.75, which is a pretty interesting development.
Thanks to the 5.97% gain over the past 24 hours, the XRP price sits at $0.7346. It is a far cry from the all-time high of late 2017, but the same can be said about virtually all other cryptocurrencies as well. There has been a fair amount of bearish pressure on all cryptocurrencies over the past few months, but things will have to improve eventually.
It is also interesting to note how the XRP price is rising thanks to solid gains over Bitcoin in the past 24 hours. More specifically, the XRP/BTC ratio has improved by 6.6%, which comes at a rather interesting time. After all, the Bitcoin price is still in the dirt right now, as recovering a lot of the lost value is proving to be far more challenging than people would like to see. Even so, it seems most markets will recover fairly quickly, which is positive news for altcoin and asset speculators.
With $643.762m in 24-hour XRP trading volume, it has become evident this asset is not necessarily the most liquid trading market. In the past, we have seen XRP generate over $1bn in trading volume with relative ease, although there is a general setback in terms of overall cryptocurrency trading volume to contend with. For now, this lower volume isn’t holding the XRP price back too much, but things will need to pick up sooner rather than later.
The way things stand right now, Bitbank is the leading exchange in terms of XRP trading volume. This Japanese platform has become a powerful entity in the world of cryptocurrency, which is an interesting trend. Bithumb is in second place, followed by Huobi’s USDT pair. Upbit and Bitfinex complete the top five, which means there are four fiat currencies generating a lot of XRP trading volume right now.
Whether or not the XRP price can hit $0.75 later today, remains to be determined. Anything is possible in the cryptocurrency industry these days, and the market trend seemingly makes far less sense now compared to a few years ago. Even so, the XRP price is enjoying some positive momentum, and traders will take advantage of it while it lasts. So far, the push toward $0.75 is in full effect, but there is still a fair bit of market resistance to contend with.
A recent study conducted by Swiss Fintech company Creologix concluded that most millennials, those born between 1981 and 1996, are not saving for retirement, but increasingly buying cryptocurrencies for their future financial security, reports Insidebitcoins. This supports a US National Institute on Retirement Security report published earlier this year which concluded that “95% of millennials …
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A recent study conducted by Swiss Fintech company Creologix concluded that most millennials, those born between 1981 and 1996, are not saving for retirement, but increasingly buying cryptocurrencies for their future financial security, reports Insidebitcoins.
This supports a US National Institute on Retirement Security report published earlier this year which concluded that “95% of millennials are not saving adequately for retirement”. Students and young people are increasingly shunning banks with new opportunities to invest in retirement solutions powered by blockchain technology or AI.
Millennials are looking to have more control over their savings, says ThinkAdvisor, suggesting that blockchain will turn the financial industry into a financial community.
“The need for trusted, yet affordable financial advice and information has never been greater. However, retirement savers are often left out of decision making, and they may feel inadequately addressed or disenfranchised,” it said. It adds that the global community of retirement savers will not only benefit from automation, but from an unprecedented level of visibility, access, and involvement.
The recent Creologix report also shows that 21.2% of college students use their financial aid money to buy virtual currencies. Charles Hodge, Investment Services Consultant at Milliman, suggests that such funds might be better invested elsewhere. He says, “At this time, Bitcoin and other currencies are not appropriate for retirement sponsors.”
Rick Pendykoski, the founder of Self-Directed Retirement Plans LLC, agrees with this view, and believes that Bitcoin should not play a significant role in a retirement plan:
“Investing in Bitcoin works best if you already have a healthy mix of short-term and long-term assets in your portfolio, and are investing for retirement in an individual retirement account (IRA) or other tax-advantaged plans.”
Auctus describes itself as “the world’s first retirement plan platform with traditional and cryptocurrency assets, powered by smart contracts & robo advisory”. The website suggests that its platform brings retirement savers from around the world together.
Raphael Vantroost, CEO of Auctus, considers that the reason for millennials moving towards crypto investment for retirement is mainly due to their faith in new technology, as for them its an everyday part of their lives:
“Bitcoin and cryptocurrencies serve as some of the first investments for many millennials. This could be because the younger generation is tech-savvy, but it could also be due to a lack of alternatives.”
Retirement savings using cryptocurrency is on the rise. BitcoinIRA has processed USD 300 million in the last 12 months.
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TNW |
German bank replaces SWIFT with Bitcoin for international loan transfers
TNW Bitbond, a German online bank, is utilizing Bitcoin to allow international transfer of loans. The service allows small scale businesses that sell their products online to borrow up to € 50,000. If the statistics on the Bitbond website are to be … A German Bank Is Using Bitcoin to Handle International Loans …Digital Trends This German Bank Uses Bitcoin to Make Low-Cost Int’l Loan PaymentsCCN German online bank uses bitcoins to transfer loansEconomic Times Bitcoinist –Reuters all 24 news articles » |
TNW | German bank replaces SWIFT with Bitcoin for international loan transfers TNW Bitbond, a German online bank, is utilizing Bitcoin to allow international transfer of loans. The service allows small scale businesses that sell their products online to borrow up to € 50,000. If the statistics on the Bitbond website are to be ... A German Bank Is Using Bitcoin to Handle International Loans ... This German Bank Uses Bitcoin to Make Low-Cost Int'l Loan Payments German online bank uses bitcoins to transfer loans |
Bitcoin Press Release: A weather balloon will be released from a launch facility near Sheffield, England. Slung underneath the balloon, will be a net containing 400 “golden tickets” each worth 400 Litecoin Cash (LCC). April 9th, 2018. London, England: The balloon will rise to an altitude of over 32km (100000 feet). At the apogee of …
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Bitcoin Press Release: A weather balloon will be released from a launch facility near Sheffield, England. Slung underneath the balloon, will be a net containing 400 “golden tickets” each worth 400 Litecoin Cash (LCC).
April 9th, 2018. London, England: The balloon will rise to an altitude of over 32km (100000 feet). At the apogee of the ascent, a release mechanism will allow the tickets to disperse. They will reach speeds in excess of 300km/h before slowing down as air resistance increases. It’s anticipated that the golden tickets could take around an hour to reach the ground, and scatter over a radius of several hundred kilometers, so those in Great Britain, Ireland, France, Belgium or Netherlands should watch the skies for a golden ticket!
A 360-degree camera on a bespoke mount engineered by Sent Into Space, will capture the release from a truss facing the payload, and a video will be made available as soon after the event as possible.
The Litecoin Cash team envisage the spacedrop as an end of season grand finale to round off a successful first two months in which the fork was launched, core wallets released, a community has been fostered and grown, SPV desktop wallet and server software has been ported, and a white paper released.
Developer Iain “Tanner” Craig from the Litecoin Cash team states:
“We’re really proud of what we’ve achieved from the first phase of our project, and completing our desktop light wallets seemed like the perfect time to celebrate everything we’ve accomplished to date before refocusing our efforts for the next chapter. We also wanted to reward our awesome community, and particularly our sometimes under-appreciated moderator team, with an epic event. When we met the guys from Sent Into Space, doing the first ever real airdrop seemed like the perfect opportunity.”
Sent Into Space are the global experts in Near Space, applying cutting-edge research
and innovation to create inspiring experiences. A rapidly growing company, based in Sheffield, UK, they have been applying their expertise in edge of space flight operations since 2011.
Now encompassing a research arm with ties to multiple universities and the UK Space Agency, a nationally acclaimed educational program, a suite of corporate marketing and publicity services and a range of do-it-yourself kits the seem the obvious choice to make the dream of the first ever cryptocurrency space drop, a reality.
Roger from the LCC team explains:
“We’re extremely proud to be working with Sent Into Space for this monumental and exciting event. With their exceptional track record, in-house expertise and forward thinking creative and marketing team, we see them as the perfect partners to literally launch our currency to the upper reaches of the atmosphere“.
Visit the Litecoin Cash Website: https://space.litecoinca.sh/
Follow Litecoin Cash on Twitter: https://twitter.com/LitecoinFork
Litecoin Cash on Telegram: https://t.me/litecoincashofficial
Subscribe on Reddit: https://www.reddit.com/r/LCCofficial/
Chat with Litecoin Cash on Discord: https://discordapp.com/invite/F2nZXnW
Check out Litecoin Cash on GitHub: https://github.com/litecoincash-project/
Media Contact
Name: Litecoin Cash Development Team
Email: [email protected]
Location: London, United Kingdom
Litecoin Cash 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 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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Key Points Bitcoin price corrected higher, but upsides were capped by $8,800 and 100 hourly SMA against the US Dollar. The BTC/USD pair broke an ascending channel with support at $8,450 on the hourly chart (data feed from Kraken). The pair must stay above the $8,300 support level to avoid any further declines in the…
The post Bitcoin Price Watch: BTC/USD’s Upside Capped By 100 SMA appeared first on NewsBTC.
Bitcoin price recovered from $8,220 against the US Dollar. However, BTC/USD is finding it difficult to break the $8,800-9,000 resistance zone.
This past week, we saw a downside reaction from well above $9,000 in bitcoin price against the US Dollar. The price broke many support levels such as $9,000, $8,500 and $8,400 to trade close to $8,200. A low was formed at $8,226 before the price started an upside correction. It moved above the $8,400 resistance and even cleared the 23.6% Fib retracement level of the last decline from the $9,391 high to $9,225 swing low.
However, the upside move was capped by the $8,800 resistance and the 100 hourly simple moving average. It was rejected from the 100 hourly SMA and declined back below $8,600. The BTC/USD pair broke an ascending channel with support at $8,450 on the hourly chart. The recent downside break indicates that the pair was rejected from the $8,800 resistance zone. It is currently trading below the $8,500 support with a bearish angle. However, there is a major support forming near $8,300. As long as the price is above the stated $8,300 support, it is likely to move higher in the near term.
Looking at the chart, the price seems to be consolidating above $8,300. Once the current consolidation phase is over, BTC price may either move above $8,500 or break $8,200 for more losses.
Looking at the technical indicators:
Hourly MACD – The MACD for BTC/USD is now back in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI is currently well below the 50 level.
Major Support Level – $8,300
Major Resistance Level – $8,600
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Following the huge success of CryptoKitties, which saw early adopters earn 10000% interest from their cat acquisitions, a whole lot of clones are being released, aiming to capture the good-fortunes of the “crypto collectibles”. Just because cats were a revolution, it doesn’t necessarily mean that a dog, fish or a robot version is going to…
The post The World’s Largest Crypto Megapolis Will Be Built This Summer — Reserve Your Land Early! appeared first on NewsBTC.
Following the huge success of CryptoKitties, which saw early adopters earn 10000% interest from their cat acquisitions, a whole lot of clones are being released, aiming to capture the good-fortunes of the “crypto collectibles”. Just because cats were a revolution, it doesn’t necessarily mean that a dog, fish or a robot version is going to be the next big hit.
From this, the crypto-gaming market has been steadily evolving, and what can really revolutionise it is the connection of revived and promising HTML5 technology that allows for running a fully featured, graphically-rich game inside any browser with digital wallets like MetaMask or Toshi for controlling game assets stored on the blockchain.
The first of its kind in a new era of online gaming is a city building strategy game ― MegaCryptoPolis that will offer players from all over the world the opportunity to collectively build a unique mega city on the Ethereum blockchain.
Commencing on 21st May 2018, players can start acquiring blocks of land on the decentralized city map, which will then allow them to construct a range of building types, such as: residential, production and commercial structures. Every block of land, along with buildings that are constructed on it, is an ERC-721 cryptо-tоken that can be transferred or traded like any other cryptocurrency on integrated and external marketplaces.
Buildings will then begin to generate influence points, depending on what is built around their neighbourhood. For example, residential buildings near a commercial zone will produce much more points than a building that is close to a manufacturing facility. It’s just like in real life. The value of a property or land block more often than not depends on location.
Every action inside the game requires some taxes that are collected for regional and federal budgets. These are then distributed amongst all players ― depending on their share of total influence points that are produced within a game cycle (24 hours). Players may then withdraw their earnings in the form of Ether every day ― directly to their Ethereum digital wallets.
When someone purchases a spare land block, smart contract raises the price of the surrounding 24 blocks of land. Part of the purchase price is then distributed amongst block owners in the 5×5 field.
The initial cost for a single block will start from 0.015 ETH, with all blocks being hardcoded to rise up to 7.5 ETH – once all neighboring blocks are sold. This means that buying the block of land inside of a 5×5 field may double your return of Ether after a number of blocks sold around.
It is also important to note that some blocks may possess an Ore – the most important resource inside of the game. Owning a block that supplies Ore may produce you a greater amount of influence points without even having a building on it.
Players can even acquire whole districts those give a share of the profits from all blocks within it. Districts are basically the older and larger siblings of blocks that feature on the MegaCryptoPolis game map. The right to own a district is initially sold during an auction ― a district can then be traded freely like any other game asset. District owners have the right to set the price of all blocks in their district’s region, as well as receiving part of the profits that are collected from all land block sales within their district.
MegaCryptoPolis White Book has a well mapped out and detailed description of all game aspects and rules, including all types of buildings and dependencies – even the maths formula to help make all in-game transactions easy to understand. We highly recommended reading this through.
There is also a Bounty Campaign launched that is the only way to get an exclusive land block on the Bounty Island. Blocks will be distributed randomly amongst all registered users prior to the game starting. All participants involved to help spread the word via social media will increase their chance of receiving rare and valuable crypto-land-tokens during the Bounty Campaign.
Join today and take advantage of all the early adopters bonuses!
http://www.megacryptopolis.com
Follow MegaCryptoPolis on social networks:
Facebook: https://fb.me/megacryptopolis
Twitter: https://twitter.com/megacryptopolis
Telegram: https://t.me/megacryptopolis
Discord: https://discord.gg/AyX5QRw
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The financial is slowly becoming a career stepping stone rather than a final destination. A lot of people working in this industry eventually move on to completely different things.T his has become especially apparent when it comes to the cryptocurrency industry. The CFO of Commonwealth Bank is now the COO and Group President of the…
The post Commonwealth Bank CFO Leaves Financial Sector in Favor of EOS appeared first on NewsBTC.
The financial is slowly becoming a career stepping stone rather than a final destination. A lot of people working in this industry eventually move on to completely different things.T his has become especially apparent when it comes to the cryptocurrency industry. The CFO of Commonwealth Bank is now the COO and Group President of the EOS project.
A very peculiar trend is forming in the financial sector. Various Wall Street experts are flocking to cryptocurrency as of late. This booming industry offers a lot of new opportunities waiting to be explored. It now seems this trend is taking place in other parts of the world as well. In Australia, Commonwealth Bank CFO Rob Jesudason is leaving the firm in favor of EOS.
Jesudason’s main tasks at Commonwealth Bank include auditing, treasury, and investor relations, among other things. His addition to the EOS team as Chief Operating Officer will create a lot of waves in the industry. He is joining EOS as a member of the Board of Directors. Additionally, he will become the project’s Chief Operating Officer and Group President. Block.one CEO Brendan Blumer explains Jesudason’s role as follows:
“Rob has a proven track record of success in global financial services, where he has been involved in industry innovation and facilitated regulatory advancement enabling the adoption of new technologies. His alignment with our organizational priorities of creating compliant, high-performance blockchain solutions, is an ideal fit for Block.one, and is an exciting conclusion to our thorough search for the right individual.”
EOS is a project focusing on developing scalable blockchain software. Their high-performance project will enable secure data transfer and decentralized application support. It is considered to be the first performant blockchain platform for developers. At the time of writing, the project is valued at just over $12bn.
Blockchain technology can affect many different aspects of people’s daily lives. With a strong focus on low-cost, fast, and scalable solutions, EOS has a competitive advantage over some other solutions on the market. Parent company Block.one acknowledges the project is one of the fastest growing ventures in this particular industry.
Following his notice period, Jesudason will join EOS in an official capacity. This hire further confirms the cryptocurrency and blockchain industry is attracting a lot of positive attention. With more established talented individuals joining this new industry, it gains a lot more legitimacy in the process. For EOS, this may effectively propel the project to a whole new level in the months and years to come.
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Speaking to Maggie Lake on CNN Wednesday, billionaire bull and CEO of Galaxy Digital Capital Management Michael Novogratz, suggested that every investor should have 1% to 2% of their portfolio in cryptocurrency, declaring it ”almost irresponsible” not to. ”Challenging every verticle” The reasoning behind Novogratz’ statements is not because of any potentially massive financial gains …
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Speaking to Maggie Lake on CNN Wednesday, billionaire bull and CEO of Galaxy Digital Capital Management Michael Novogratz, suggested that every investor should have 1% to 2% of their portfolio in cryptocurrency, declaring it ”almost irresponsible” not to.
The reasoning behind Novogratz’ statements is not because of any potentially massive financial gains that cryptocurrencies might make, but because of the blockchain technology behind them. ”These technologies in two to four years are going to give every verticle a challenge,” said Novogratz, referring to blockchain.
Blockchain has been generally received with more widespread positivity than cryptocurrencies, particular from financial institutions and governments. The technology allows transactions to take place nearly instantaneously, recording all payment data from those using the service.
Even NASA recently gave its backing, utilizing the Ethereum blockchain in a project that would increase the efficiency and safety of deep space travel.
Another prediction provided by Novogratz outlined a vision that sees the New York Stock Exchange incorporating cryptocurrency trading within six months.
When Novogratz was questioned on acclaimed investor Warren Buffett’s recent critical comments that described Bitcoin as ”probably rat poison squared”, his response perfectly summed up the sentiment of many cryptocurrency enthusiasts. “In a lot of ways, this is a Millennial-led revolution… what I’ve found is guys with gray hair [are] much more skeptical,” he said.
Novogratz was also promoting the launch of his firm’s collaborative project with Bloomberg, the Bloomberg Galaxy Crypto Index. The cryptocurrency index was launched Wednesday and is currently tracking ten digital currencies including the main players Bitcoin and Ethereum.
His previous job roles include hedge fund management at Fortress Investment Group and a partnership with Goldman Sachs.
During the interview, he disclosed that 10% of his net worth was currently held in cryptocurrencies.
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A company claims one in five shipping containers are unaccounted for at any given time. Its Blockchain-based inventory aims to change that #SPONSORED
A company claims one in five shipping containers are unaccounted for at any given time. Its Blockchain-based inventory aims to change that #SPONSORED
Software giant SAP has announced a new food safety-related blockchain pilot and a collaboration with a Swiss supply chain startup.
Software giant SAP has announced a new food safety-related blockchain pilot and a collaboration with a Swiss supply chain startup.