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European Company Helps Turning Cryptocurrency into Collateral

TALLINN, ESTONIA (May 21, 2018) – A new European company has found a way to unleash the true potential of digital assets. Depository Network (DEPO) has developed independent loan collateral architecture for the cryptocurrency age. DEPO founders began by asking why assets have changed but loan collateral has not. Despite cryptocurrency being a strong asset that continues to grow, lenders have still not found a way to accept it as collateral. Until now. Following a similar model as traditional depository services, DEPO gives lenders the freedom to accept digital assets as loan collateral. The platform also allows borrowers to keep

TALLINN, ESTONIA (May 21, 2018) – A new European company has found a way to unleash the true potential of digital assets. Depository Network (DEPO) has developed independent loan collateral architecture for the cryptocurrency age.

DEPO founders began by asking why assets have changed but loan collateral has not. Despite cryptocurrency being a strong asset that continues to grow, lenders have still not found a way to accept it as collateral. Until now.

Following a similar model as traditional depository services, DEPO gives lenders the freedom to accept digital assets as loan collateral. The platform also allows borrowers to keep ownership of their digital asset during the entire loan period.  The platform also protects future financial gain of the asset for borrowers with its decentralized design.

By employing the DEPO platform, lenders will be able to accept cryptocurrency as collateral for loans. To be protected, lenders can request additional collateral, or a partial sale of the asset should the market become excessively volatile at any time during the loan period.

Borrowers can turn their digital assets into real-world collateral to secure traditional loans. The process is simple. Customers locate a trusted lender and select the option that permits digital assets to act as collateral. After the contract is signed, the digital asset is deposited to DEPO. By depositing their cryptocurrency with DEPO, borrowers can gain access to cash and also preserve the future earning potential of their digital assets.

DEPO will have the potential to serve 30,000 non-bank lenders and over 17,500 banks around the world. Peer-to-peer lending platforms will also be welcome to use DEPO’s services.

The blockchain collateral architecture offers users access to high tech infrastructure, full support and order execution, a cost-efficient platform and full integration with lender’s websites.

DEPO is preparing for an ICO in the third quarter of 2018 and an official Alpha Launch date in 2019.

About Depository Network

DEPO came together in 2017 when experienced legal, technical and financial minds united. Co-founders include Svetoslav Dimitrov, Deliyan Nikolov, Ivo Gueorguiev, Valeri Valtchev, and Dimitar Kostov. The company is positioned at the forefront of the cryptomarket, which has unlimited potential.

Press Contact

Email: [email protected]

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Aurora Chain Joins Heated Public Blockchain Race

Seoul, 21 May 2018. Public blockchain Aurora hosted a press conference at the Four Seasons Hotel in Seoul marking the blockchain’s official launch globally. During the event, Aurora’s founder Aqua Zhao announced Aurora blockchain network is scheduled to go live today. Hundreds of journalists from China, South Korea, UK, US, and many other nations were at the conference. He further shared his vision for Aurora, a public chain that will lead the next-generation blockchain technology and application. “We seek to go beyond the blockchain to bring real value to the world”, said Zhao. The team put a lot of their efforts

Seoul, 21 May 2018. Public blockchain Aurora hosted a press conference at the Four Seasons Hotel in Seoul marking the blockchain’s official launch globally. During the event, Aurora’s founder Aqua Zhao announced Aurora blockchain network is scheduled to go live today. Hundreds of journalists from China, South Korea, UK, US, and many other nations were at the conference.

He further shared his vision for Aurora, a public chain that will lead the next-generation blockchain technology and application. “We seek to go beyond the blockchain to bring real value to the world”, said Zhao.

The team put a lot of their efforts into technology, innovation, and adaption to better suit the industry requirements of video games, Big data, Artificial Intelligence, Internet of Things, and countless others. According to Zhao, Aurora will build a Dapp-enabled blockchain world as iridescent as the natural phenomenon’s name that the blockchain bears.

The solutions Aurora provides are more than just technical support. The Aurora team will cooperate with Dapp developers to explore new business models and bring real-world assets and rules onto the blockchain. An example given by Zhao is that digital assets and game mechanics can be represented or even substituted by smart contracts or tokens.

Aqua Zhao

Aurora is built with DPOS+BFT consensus to avoid unwanted and unintended forking. It is a P2P stereo network that supports multi-asset launching. Another noteworthy innovation is the ‘Intelligent isolation of applications’ that creates a smarter pending zone to facilitate incoming transaction requests. Aurora’s Chief Technology Officer Arthur Qiang said, “these technologies greatly boost the transaction speed of Aurora.”

“Aurora is the product of months-long of development from our tech team with a lot of time and energy put into it. We have many innovations like the multi-chain parallel operation, upgradable blockchain and cluster grouping”, Qiang said. All these innovations theoretically can guarantee Aurora’s unlimited processing speed.

Arthur Qiang

After the speech, it was also announced that Aurora joined the World Blockchain Council (WBC) and signed cooperation agreements with BIT.GAME, XFurure and Light Second. The cooperation between these organizations and Aurora starts after today’s announcement. In June, Aurora will expect 5–10 blockchain based games, 1–2 management dapps and 12 media/information decentralized apps.

Zhao with Aurora Partners

Besides the launch, Aurora invited several keynote speakers to the event. Notable speakers included David Song, WBC Founder and Muhd Amrullah, CEO & Founder of Facerecog. Discussions over the public chain, blockchain plus gaming and blockchain disruption in different industries were also organized. The speakers hold high regards to Aurora’s technology and potential.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Brian Kelly: Bitcoin Cash Could Go Up Following More Use Cases

Crypto trader Brian Kelly gives BCH a bullish outlook, says that BCH fund development could aid the rise of the cryptocurrency’s value

Crypto trader Brian Kelly gives BCH a bullish outlook, says that BCH fund development could aid the rise of the cryptocurrency’s value

10 Awesome Uses of Cryptocurrency

In this article, you will be introduced to 10 awesome uses for cryptocurrencies that will provide you with reasons to own them beyond just their potential increase in value. 

In this article, you will be introduced to 10 awesome uses for cryptocurrencies that will provide you with reasons to own them beyond just their potential increase in value. 

As bitcoin world wobbles, mining rig company plans $2 billion IPO – Reuters


Reuters

As bitcoin world wobbles, mining rig company plans $2 billion IPO
Reuters
Why, then, is Canaan Inc, a leading cryptocurrency mining rig supplier, looking to raise up to $2 billion, according to two sources with knowledge of the deal, in the world’s biggest bitcoin-focused initial public offering to date? Canaan is expected


Reuters

As bitcoin world wobbles, mining rig company plans $2 billion IPO
Reuters
Why, then, is Canaan Inc, a leading cryptocurrency mining rig supplier, looking to raise up to $2 billion, according to two sources with knowledge of the deal, in the world's biggest bitcoin-focused initial public offering to date? Canaan is expected

There’s a ‘decent probability’ bitcoin goes to zero, says Vanguard economist – MarketWatch


Yahoo Finance

There’s a ‘decent probability’ bitcoin goes to zero, says Vanguard economist
MarketWatch
A senior economist at the Vanguard Group, the $5 trillion investment fund, is the latest market participant to pour cold water on the No. 1 digital currency. In an op-ed Monday, Joe Davis said bitcoin BTCUSD, -1.17% is not a currency, it makes for a
‘Decent Probability’ Bitcoin Price Goes to Zero: Vanguard EconomistYahoo Finance

all 6 news articles »


Yahoo Finance

There's a 'decent probability' bitcoin goes to zero, says Vanguard economist
MarketWatch
A senior economist at the Vanguard Group, the $5 trillion investment fund, is the latest market participant to pour cold water on the No. 1 digital currency. In an op-ed Monday, Joe Davis said bitcoin BTCUSD, -1.17% is not a currency, it makes for a
'Decent Probability' Bitcoin Price Goes to Zero: Vanguard EconomistYahoo Finance

all 6 news articles »

Farmers are Clogging the Ethereum Network: Ethereum (ETH) Technical Analysis (May 22, 2018)

From our charts, Ethereum is reversing previous losses and week over week it’s up one percent though chances of further upsides exceeds that of sell pressure. While I remain upbeat, we must take caution and note that May 11 Ethereum highs at $750 is a strong resistance line. Technically-and considering our analysis, it is a

The post Farmers are Clogging the Ethereum Network: Ethereum (ETH) Technical Analysis (May 22, 2018) appeared first on NewsBTC.

From our charts, Ethereum is reversing previous losses and week over week it’s up one percent though chances of further upsides exceeds that of sell pressure. While I remain upbeat, we must take caution and note that May 11 Ethereum highs at $750 is a strong resistance line. Technically-and considering our analysis, it is a liquidation line and an upper limit of May 11 upper limit short covering. If there is elevation in Ethereum bull market participation and prices thrust above this resistance, then we can ramp up longs in lower time frames.

From the News

It’s only three days before the much publicized Tron Virtual Machine (TVM) goes live and the Tron Foundation have their baits in Ethereum waters. Without wasting time, they are quick to act and are promising developers a wide array of benefits should they want to shift building environment and migrate to Tron.

Through a Tweet, Tron declared that they were creating this easy to use, seamless development platform where Ethereum DApp developers can easily change camps. Besides effortless migration, developers were told they shall easily secure a $100,000 loan. These loans are interest free in the first 18 months and serviced in the next 18 months either in USD or TRX when due. Furthermore, Tron guarantees a blockchain that would process 10,000 TPS unlike Ethereum which is struggling with speed especially when it peaks.

On the other side, there are still many questions that lingers when it comes to BTC-ETH relationship. One of the loudest questions we keep asking is when “Flappening” will happen?  Of course, we all know that most alt coins derive value not only from BTC but from ETH especially if we consider that most ERC-20 tokens ride on Ethereum and have an obligation to pay network fees in ETH. This creates demand. Growth wise, the expansion in BTC valuation has been slow whilst Ethereum token projects with Proof of Concept register double digit gains as Bitcoin value stagnates below $9,000. In my view, Roger Ver assertions are likely to come to pass. In that case, Bitcoin dominance shall wane as Ethereum slowly but surely takes the mantle.

Ethereum (ETH) Technical Analysis

Weekly Chart

On the charts, week ending May 6 is significant in our analysis. While many foresaw a situation where prices would continue edging higher after that climactic price and surge in volumes, there was a contrarian price action because ETH sellers drove prices lower. Now, for better perspective we shall bring to light recent technical developments in the last two weeks.

First, notice that both candlesticks have long lower wicks signaling ETH buy pressure. Secondly, despite incessant bear pressure by week ending May 20, sellers didn’t break past Week ending May 6 lows at $620 which by the way was near our main support at $600. These candlestick characteristics alone reveal that recent moves were actually long coverings and for buyers to be truly in charge, we need to see strong up-thrusts complete with strong volumes past $750. $750 is the edge past this lower-time frame consolidation and resistance capping price moves.

Daily Chart

Representing those long lower wick in the weekly chart are series of bulls in the daily chart. While May 12 did reject lower prices despite high volumes, it’s the follow through that cements our bullish sentiments. Realize that after May 12, prices are still moving horizontally but within May 11 bear candlestick meaning either we might see a bullish break out at $750 or short covering liquidations at that level. So, I would like to see price reacting at $750. In case there is a break above, I recommend buys with first targets at $850.

The post Farmers are Clogging the Ethereum Network: Ethereum (ETH) Technical Analysis (May 22, 2018) appeared first on NewsBTC.

John McAfee: “Expect Top 10 Coin Prices to Blow Through the Roof! Institutional Investors are Aching to Go”: Tron, EOS, Litecoin, IOTA and Stellar Price Analysis (May 22, 2018)

Apart from Tron, most coins didn’t register impressive gains as May 20 price action. Nonetheless, we still expect market participants to bid up the likes of Tron, IOTA, and EOS and to some degree, Stellar Lumens which has been characteristically low key. I would also recommend keeping an eye on Litecoin today. We expect price

The post John McAfee: “Expect Top 10 Coin Prices to Blow Through the Roof! Institutional Investors are Aching to Go”: Tron, EOS, Litecoin, IOTA and Stellar Price Analysis (May 22, 2018) appeared first on NewsBTC.

Apart from Tron, most coins didn’t register impressive gains as May 20 price action. Nonetheless, we still expect market participants to bid up the likes of Tron, IOTA, and EOS and to some degree, Stellar Lumens which has been characteristically low key. I would also recommend keeping an eye on Litecoin today. We expect price moving events for EOS and Tron in the next few days so I buying on dips would be a safe trading tragedy in my view.

Let’s have a look at these charts:

EOS Analysis

Undoubtedly, EOS is an exceptional product that promises to change discourse of DApps development and narrative. We can rave about it but let’s understand that while they pride on decentralization, they need expertise from knowledgeable developers to sharpen their technological edge. That’s simply inevitable.

Now, here’s the thing. Not many people know the inner workings and the development aspect of EOS. As such, there is a bit of knowledge dependency, a centralization of some sort and that’s what creates a catch 22 situation. To break this, Dan Larimer and Block One announced that they shall be working with Virginia Tech in a $3 million education drive meant to enlighten students on blockchain technology.

Price wise, EOS sellers are in charge reversing May 20 gains. While volumes are not that great, we are likely to see higher highs set in motion by May 18 double bar bull reversal pattern and rejection of lower prices. To reiterate, our trade plan remains constant and we shall continue buying EOS on dips at lower time frames with ideal stops below $12.

Litecoin (LTC) Analysis

There is nothing much from the news other than the fact that Litecoin remains a choice for merchants. Like most coins, Litecoin is safe, fast, valuable and above all allows interoperability via atomic swaps. The latter is a beneficial for merchants because they can draw from both set of coin holders seamlessly.

On the chart, prices are down despite yesterday’s positive moves. In my view, I really think there are more upsides regardless of the general bear trend. I recommend buying on dips on lower time frames ideally at or around $130 spring board zone. That’s where LTC buyers found support.

Stellar Lumens (XLM) Analysis

So, KIN is running a test net after forking from the Stellar blockchain? This came faster than anticipated and whether prices would be affected or not, the chart would point out. As it is, this event is a non-issue and Stellar Lumens is doing just fine despite the five percent drop in the last 24 hours.

Now, even though we have a bullish inclination on Stellar Lumens, prices are oscillating within a tight price range and in my view, buyers should find ramping opportunities at this valuations.

However, on a more conservative note, those who need assurance can find better opportunities when prices print above May 17 highs at 35 cents. Before then wait for long entries in intra-day charts and initiate trades in line with our laid out trade plan.

Tron (TRX) Analysis

In our liquidity chart, Tron is at position nine and up three percent in the last 24 hours. That’s not a bad feat and it is what we wanted to see after yesterday’s 18 percent price explosion past minor resistance at 7.5 cents. Matter of fact, relative to other coins, Tron is outperforming.

Now, as TVM launch nears, Tron has an objective of drawing experience and expertise from Ethereum developers. To enable this, they are promising a $100,000 interest free loan in the first 18 months, a blockchain guaranteeing a 10 TPS and easy migration done via an adapter. Of course, this is tempting and unless we see main developers shifting camps, this initiative would be in vain.

Technically, yesterday’s position is still valid and for those who didn’t hitch the initial ride, buying on dips anywhere between 7.5 cents and 8 cents is ideal. Targets are at 10 cents with stops at 7.5 cents.

IOTA (IOT) Analysis

Of course, IOTA is forging the way for an IoT environment and a world of interconnection. It’s futuristic and the good thing is that’s where we are headed. For traders, IOTA bodes well in the grand scheme of thing especially if we illuminate this from a user case perspective.

I’m net long on the long haul and just like yesterday’s IOTA trade plan, I recommend buying on dips at or around $1.5. However, on the other hand, conservatives should stay put and wait for break above $2 or May 17 highs which binds recent price moves.

The post John McAfee: “Expect Top 10 Coin Prices to Blow Through the Roof! Institutional Investors are Aching to Go”: Tron, EOS, Litecoin, IOTA and Stellar Price Analysis (May 22, 2018) appeared first on NewsBTC.

Bitcoin cash is a must-own, says crypto investor Brian Kelly – CNBC

CNBCBitcoin cash is a must-own, says crypto investor Brian KellyCNBCCryptocurrency investor Brian Kelly said Monday bitcoin cash is the must-own digital currency of the moment. On Saturday, bitcoin cash miners met to discuss funding for a bitcoin cash …


CNBC

Bitcoin cash is a must-own, says crypto investor Brian Kelly
CNBC
Cryptocurrency investor Brian Kelly said Monday bitcoin cash is the must-own digital currency of the moment. On Saturday, bitcoin cash miners met to discuss funding for a bitcoin cash development fund, he told CNBC. In the fund, miners are "going to

The Numbers Behind Kepler Technologies

After receiving incredible and record-breaking rankings on all relevant listing platforms, more and more people have become intrigued by Kepler’s groundbreaking ideas and visions in regards to a future shaped by a combination of Robotics, AI and the Blockchain. There is only one more day until Kepler’s pre-sale finally begins, lasting from May 22nd until

The post The Numbers Behind Kepler Technologies appeared first on NewsBTC.

After receiving incredible and record-breaking rankings on all relevant listing platforms, more and more people have become intrigued by Kepler’s groundbreaking ideas and visions in regards to a future shaped by a combination of Robotics, AI and the Blockchain. There is only one more day until Kepler’s pre-sale finally begins, lasting from May 22nd until June 5th.

Everyone will be able to participate in this exciting event (after confirming your identity through KYC), making the next two weeks your last chance to buy tokens with an astonishing 30% bonus! Kepler will be selling 4,000,000 tokens during the pre-sale, with each token being valued at $1.25, until KEP hits exchanges in July. This is your opportunity to invest in Kepler’s innovative and disruptive idea and to truly be a first-mover. The minimum contribution is 0.2 ETH and there is no maximum purchase amount at this stage.

Kepler not only has a truly professional and motivated team consisting of over 50 hardworking members, but also an astounding online presence. You can keep up to date with Kepler’s latest news by following on Twitter, Facebook, Instagram and LinkedIn as well as Telegram to never miss interesting community events, such as airdrops and other perks. Even with Kepler’s Telegram group now being over 21.000 strong, there are always community members waiting to have interesting discussions about the project as well as the crypto world as a whole. The team is not only trying to collect ideas that can help improve our future from a technical standpoint but also wants to encourage like-minded people to connect on a personal level – starting in Kepler’s own community.

While Kepler works hard to continuously expand its online presence, Kepler’s visionary executives are traveling the world and working around the clock to share their many ideas for a different future, united by innovation and the goal of achieving greatness.  After attending numerous conferences and meet-ups, Kepler was able to spread international awareness for its project on the world stage. Through this hands-on approach, Kepler’s charismatic leadership was able to forge great partnerships and find substantial investments. Join them in shaping our future and don’t miss out on your chance to be part of something big!

For more information visit www.keplertek.org
Whitepaper: www.keplertek.org/Whitepaper.pdf
Facebook: www.facebook.com/Keplertek/
Twitter: www.twitter.com/keplertek?lang=en
Instagram: http://instagram.com/kepler.tek
Linkedin: https://www.linkedin.com/company/keplertektechnologies/
Medium: www.medium.com/@KeplerTek
Telegram: https://t.me/KeplerTechnologies

 

 

The post The Numbers Behind Kepler Technologies appeared first on NewsBTC.