Mastodon

ICON and TRIVE Join Forces to Improve Southeast Asia’s Blockchain Ecosystem

Things are always evolving behind the scenes of the blockchain industry. ICON, a concept focused on connecting blockchains, is partnering with TRIVE. A close relationship with a venture capital firm is always a positive development. The venture is mainly designed to improve the local blockchain community and educate the region. A Major Partnership for ICON

The post ICON and TRIVE Join Forces to Improve Southeast Asia’s Blockchain Ecosystem appeared first on NewsBTC.

Things are always evolving behind the scenes of the blockchain industry. ICON, a concept focused on connecting blockchains, is partnering with TRIVE. A close relationship with a venture capital firm is always a positive development. The venture is mainly designed to improve the local blockchain community and educate the region.

A Major Partnership for ICON

The ICON team has built up solid technological expertise over the years. With the desire to connect blockchains and improve operability, the distributed ledger ecosystem will see some interesting changes moving forward. Additionally, the project has attracted the attention of a major VC firm based in Singapore.

TRIVE has a growing regional network. As such, their partnership with ICON will create an educational ecosystem involving blockchain. Furthermore, both entities will co-develop blockchain courses which will become part of TRIVE’s programming schools. Those ventures are located in both Singapore and Vietnam, two regions where blockchain can genuinely thrive.

Additionally, startups will not be overlooked either. TRIVE will offer “green lane assessments” of startups looking to access the ICON blockchain ecosystem. In doing so, both parties aim to speed up the development of new use cases and products using this technology. In the long run, both companies want to unify blockchain assets across Southeast Asia.

The Importance of Southeast Asia

It is evident this partnership is mainly designed to target Southeast Asia. That is not by accident, as ICON has focused its blockchain ventures on this specific market. TRIVE is also eyeing the same market and any blockchain startups active in this part of the world. Creating value for startups through means other than funding is very important to TRIVE.  ICON Foundation Council member JH Kim explains his team’s vision as follows:

“The ICON Foundation’s purpose is to promote and develop new technologies and applications in the fields of open source and decentralized software architectures. The partnership with TRIVE will allow ICON to not only educate the public on blockchain technology, but also expand ICON’s ecosystem and community. Singapore and Vietnam are at the center of blockchain innovation in Southeast Asia, and we are excited to work with TRIVE to further realise the full potential of blockchain in this region.”

Southeast Asia is home to a booming blockchain ecosystem these days. As such, innovative ventures and strategic partnerships will play an increasing role of importance moving forward. Gaining relevant traction among other competitors will be challenging. For TRIVE and ICON, this partnership may help address that potential problem. Exposing more parties to this ecosystem and its potential will ultimately lead to more use cases.

 

Image from Shutterstock

The post ICON and TRIVE Join Forces to Improve Southeast Asia’s Blockchain Ecosystem appeared first on NewsBTC.

Bitcoin Price Watch: BTC/USD Signaling Bullish Reversal

Key Points Bitcoin price formed a strong base around $7,050 and moved higher against the US Dollar. This week’s followed important bearish trend line with resistance at $7,320 was breached on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is now placed nicely above the $7,400 level and the 100

The post Bitcoin Price Watch: BTC/USD Signaling Bullish Reversal appeared first on NewsBTC.

Key Points

  • Bitcoin price formed a strong base around $7,050 and moved higher against the US Dollar.
  • This week’s followed important bearish trend line with resistance at $7,320 was breached on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is now placed nicely above the $7,400 level and the 100 hourly simple moving average.

Bitcoin price is back in action above $7,400 against the US Dollar. BTC/USD is showing positive signs above 100 SMA and is facing a key barrier near $7,500-7,600.

Bitcoin Price Analysis

The past few sessions were positive in bitcoin price as it moved above the $7,300 resistance against the US Dollar. The BTC/USD pair formed a support base at $7,050 and started a sharp upside move. It broke the 50% Fib retracement level of the last drop from the $7,450 high to $7,048 low to start the rally. Later, buyers succeeded in pushing the price above a major hurdle at $7,250.

It opened the doors for more gains and this week’s followed important bearish trend line with resistance at $7,320 was breached on the hourly chart of the BTC/USD pair. The pair settled above the $7,400 resistance and the 100 hourly simple moving average. At the moment, the price is trading near the 50% Fib retracement level of the last decline from the $7,936 high to $7,048. Buyers must push the price above the $7,500 and $7,600 resistance levels to more gains in the near term. The $7,600 level is the 61.8% Fib retracement level of the last decline from the $7,936 high to $7,048.

Bitcoin Price Analysis BTC USD

Looking at the chart, if the price breaks the $7,600 barrier, it could easily rally towards the $8,000 level. On the downside, the broken resistance at $7,300 and the 100 hourly SMA are likely to act as supports.

Looking at the technical indicators:              

Hourly MACD – The MACD for BTC/USD is about to move in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI is currently placed nicely near the 60 level.

Major Support Level – $7,300

Major Resistance Level – $7,600

The post Bitcoin Price Watch: BTC/USD Signaling Bullish Reversal appeared first on NewsBTC.

South Korea’s Bithumb Bans 11 Countries, North Korea Accused of $650 Million Heist

South Korean’s largest cryptocurrency exchange Bithumb’s recent news that it is to ban trading with 11 countries including North Korea once again brings focus on its northern neighbor’s activities in crypto space. Along with North Korea, other banned countries include Bosnia and Herzegovina, Ethiopia, Syria, Iran, Iraq, Sri Lanka, Trinidad and Tobago, Tunisia, Vanuatu, and …

The post South Korea’s Bithumb Bans 11 Countries, North Korea Accused of $650 Million Heist appeared first on BitcoinNews.com.

South Korean’s largest cryptocurrency exchange Bithumb’s recent news that it is to ban trading with 11 countries including North Korea once again brings focus on its northern neighbor’s activities in crypto space.

Along with North Korea, other banned countries include Bosnia and Herzegovina, Ethiopia, Syria, Iran, Iraq, Sri Lanka, Trinidad and Tobago, Tunisia, Vanuatu, and Yemen.

The ban will prevent trade by any residents of countries that are on the ‘Non-Cooperative Countries and Territories’ blacklist of global anti-money laundering body, the Financial Action Task Force. It was announced on 27 May and will come into full force on 21 June, according to the Asia Times.

It is believed the South Korean giant has introduced the ban in order to improve its profile in the crypto world by adhering to global financial community norms and needs to form associations with totally compliant members.

One of the reasons that North Korea is on the list of banned countries, despite its attempts to manufacture some kind of détente with its southern neighbor, is that Kim Jong-un’s Pyongyang regime has repeatedly been accused over a period of years of heists and hacks against cryptocurrency exchanges, banks, and multinational organizations in attempts to raise desperately needed hard cash for its failing economy.

Patrick Winn, in a piece and published earlier this month by GlobalPost Investigations, claims that North Korea’s equivalent of the CIA has created a team of the world’s finest hackers who have struck over 100 banks globally netting a sum of USD 650 million.

This would not be the first of such planned super-thefts supposedly planned by economically-beleaguered North Korea following last year’s cyber attacks, which targeted banks in 18 countries, with Pyongyang accused of using the money to boost its then-burgeoning nuclear program. The so-called Lazarus program then targeted financial institutions in Europe, Central and South America, Africa, India and the Middle East, according to Russian researchers.

The fresh allegations come at a time when North Korea is finally balanced in talks with both South Korea and the US. Although it is thought the heists were implemented in order to bypass US sanctions, one interviewee claims that alleged stolen millions were spent on “Chanel bags for the mistresses of top leaders… antibiotics for sick children… low-quality but calorie-rich rice to feed the malnourished population” and “spare parts for a new transcontinental missile capable of hitting New York”.

 

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

The post South Korea’s Bithumb Bans 11 Countries, North Korea Accused of $650 Million Heist appeared first on BitcoinNews.com.

Compliance Is The New Black

Visiting home is always good. I arrived at the Heathrow airport for my flight to Helsinki in a very smooth state of mind listening to the Bad Crypto Podcast ep that had just come out. This soon changed as I left the to-be-exhibited 2/12 Gold edition of ‘Fork and Flip’ in the men’s bathroom. This

The post Compliance Is The New Black appeared first on NewsBTC.

Visiting home is always good. I arrived at the Heathrow airport for my flight to Helsinki in a very smooth state of mind listening to the Bad Crypto Podcast ep that had just come out. This soon changed as I left the to-be-exhibited 2/12 Gold edition of ‘Fork and Flip’ in the men’s bathroom. This became apparent only after having checked in my bag and having gone through security. Luckily I was there early so had time to sweat buckets for two hours running around asking airport staff to help me find it – which they eventually did. Big ups for the Heathrow crew for that!

The Blockchain and Bitcoin Conference Finland on May 25h was a surprise in some ways. Finns are notorious for their stance towards obeying societally set rules. There is even a TV series about them as there are simply too many. The thing about rules is that they don’t necessarily solve the problem. Sometimes they just create one. This A to B example is of a Helsinki restaurant where the customers are forced to ask the restaurant staff to carry their drinks to the terrace. It is because of the ‘sidewalk alcohol legislation’ about the in-between space.

People actually do it too.

Due to this, the atmosphere of the country is not generally quick to adopt controversial innovations like blockchain fast, so the event was a much more ‘flying under the radar’ deal than the international scene usually is. The attendance number at a 150 was something that could have been expected elsewhere in early 2017. The local and international speakers were on point, the scene and setting were great but only half the seats were filled. This did not prevent the passion from being felt by those present. It was also good to see the politician Annina Ruottu attending the event. This kind of forward thinking in the political sphere is uncommon.

There are of course many positive sides to this as well from getting bank accounts fast to trusting the time arrival of public transport. The place is mostly well organized for sure. Wallets left on tables are often returned money inside to those blissfully walking away. The very clean air/water are a bonus too coming from London let alone Cairo or similar. The social well-being safety net built in the boom of 80’s and the health care system is in a real crisis (personal experience) but a general spirit of honesty and truthfulness still bind people together. For creative and entrepreneurial people who like to challenge the status quo and innovate, this frequency leaves very little breathing space. Add high taxes and very little sunlight throughout the year to the above and you get an interesting mix. This is why you need Sisu.

As I had an exhibition booth, I missed many of the presentations of the day but was offered a chance to be on stage. The one I caught before presenting my 5-minutes of ‘creativity on the blockchain’ pitch was by Stefano Virgilli. Stefan is the CEO at VOX.sg Advisory Singapore with stunning resume from the financial world. What was most impressive to me, however, was his close to hundred certificates from Adobe. The depth of knowledge this guy has on key software for my creativity is unrivaled anywhere in the world. His no BS attitude and presentation was a breath of fresh air about ICO’s. The other cool gent I had the privilege of hanging out with turned out to become an inspirational figure regarding the birth of the “Compliance is the new black’ art piece.

Zachary Reece is implementing an ambitiously and carefully put together a vision for a coming full-service investment institution, Lotus Investment Strategies. Some people’s presence is simply impossible to ignore and this guys energy was infectious. Some of the stuff he was telling me about self-directed brokerage accounts, managed products, and precious metal solutions as a ‘one-stop super shop’ flew over my head but I know when someone has their thing together and are driven to succeed through helping others. Below both of these gents and on his knee, my friend Sampsa Fabritius, a pragmatic utopian, are doing their thing by the AFC booth. I’m proud to call them all my friends now.

During the final conference panel, emotions got heated in between an audience member and the panelist Zachary. The point of conflict was about whether Bitcoin should be left alone to figure out its own regulation or if it was something absolutely necessary for mass adoption via some consumer protection. ‘Regulation is coming so get ready’ was the general view of the panel as well that at least some were necessary. No one was about to just roll over though and everyone knows the banks, as well as government, are ultimately going to lose a lot of power through this innovation. Andreas Antonopoulos, in one of his most popular lectures, put it simply as:” Bitcoin allows individuals to start behaving like how the multinational companies are already behaving.”


Compliance Is The New Black” art piece

During this interesting and sometimes temp rising debate, Anu Honkalinna from Nestholma blurted out:’ Compliance is the new black’ which got a laugh. Regulation is hot as the topic refused to step aside. No one can stop the blockchain tide so avoiding unnecessary conflict through compliance is healthy. There have been plenty of scams to write home about. The debate is tricky though, as in some ways it is the light bulb asking the candle for approval.

All of a sudden, when talking about crypto, many people talk like Wall Steet and the government has a flawless track record of honorable conduct and somehow have it all together in comparison to crypto. No FIAT, of course, has big volatility and everything in Venezuela is hunky dory. It is illegal there now to report someone as having starved to death, so it doesn’t really happen. The Unchained episode with Jesse Powell, CEO of Kraken, is a perfect example of compliance requirements being about shady tactics by the status quo.

If at this point you would like to hear one of the most in-depth interviews regarding my art, blockchain, society, and spirit I can recommend this podcast recorded on the last day of the trip with my longtime friend Robert J Janetzko. I was very impressed with what he has put together with this show in a short amount of time and this guy has a story of his own too.

There are many points in this I’ve been unable to express elsewhere. Admittedly, there were a few things that were a bit too ‘rant rabbit hole’. Call it ICO incongruency fatigue and sustained art world damage. It was good to shake off some old dust and the ep does illustrate well why my outlook is not necessarily compatible with current Finnish mindset regulation. Most topics, of course, are in positive forward motion, in an attempt to propel the conversation about our collective future forward.


Listen here

The whole thing left me feeling very grateful that I could once again go home for a bit, enjoy the phenomenal summer weather, the crypto event feels, friends, family, and the ever-punctual tram line.

The most valuable thing though was my 92-year grandmother making me gluten-free pancakes on Sunday with her shaking hands. She learned how to do them as she got to know I had become allergic to wheat. That kind of value? You can’t buy with FIAT nor crypto.

V E S A
Crypto Artist

The post Compliance Is The New Black appeared first on NewsBTC.

Cardano Price Analysis: Can ADA/USD Surpass $0.2150?

Key Highlights ADA price jumped higher recently and broke the $0.1900 resistance against the US Dollar (tethered). There was a break below a key bearish trend line with resistance at $0.19000 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently facing a major resistance near the $0.2150 and

The post Cardano Price Analysis: Can ADA/USD Surpass $0.2150? appeared first on NewsBTC.

Key Highlights

  • ADA price jumped higher recently and broke the $0.1900 resistance against the US Dollar (tethered).
  • There was a break below a key bearish trend line with resistance at $0.19000 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
  • The pair is currently facing a major resistance near the $0.2150 and $0.2160 resistance levels.

Cardano price is back key barriers against the US Dollar and Bitcoin. ADA/USD must break the $0.2150 resistance for further upsides in the near term.

Cardano Price Analysis

After a major decline below the $0.1800 level, ADA price found support near $0.1700 against the US Dollar. The price traded as low as $0.1708 and later it started an upside move. It traded higher and broke the $0.1850 and $0.1900 resistance levels. There was also a break above the 50% Fib retracement level of the last decline from the $0.2285 high to $0.1708 low.

Moreover, there was a break below a key bearish trend line with resistance at $0.19000 on the hourly chart of the ADA/USD pair. The pair settled above the $0.2000 level and the 100 hourly simple moving average. However, the upside move was capped by another major barrier near $0.2150 and $0.2160. A high was formed at $0.2168 before the price dipped below $0.2100. On the downside, an initial support is near the 38.2% Fib retracement level of the last wave from the $0.1708 low to $0.2168 high.

Cardano Price Analysis ADA

The chart indicates that the broken resistance near $0.1900 is likely to act as a strong support. It also represents the 50% Fib retracement level of the last wave from the $0.1708 low to $0.2168 high. Therefore, any dips from the current levels remain supported above $0.1900. On the upside, a break above $0.2150 could push the price above $0.2300.

Hourly MACD – The MACD for ADA/USD is slowly moving back in the bearish zone.

Hourly RSI – The RSI for ADA/USD is now well above the 50 level.

Major Support Level – $0.1900

Major Resistance Level – $0.2150

The post Cardano Price Analysis: Can ADA/USD Surpass $0.2150? appeared first on NewsBTC.

EOS Is Coming, If Anyone Can Figure Out How to Vote

After a roughly year-long initial coin offering (ICO), what has become perhaps the most hotly anticipated blockchain is scheduled to launch on June 2.

After a roughly year-long initial coin offering (ICO), what has become perhaps the most hotly anticipated blockchain is scheduled to launch on June 2.