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What do Hillary Clinton, Jennifer Lawrence and CIA director John Brennan have in common? Not much at first glance but there is one thing, all three have experience issues with emails and online storage. Hillary’s election campaign was caused problems by leaked emails, hacked from John Podesta’s account, Jennifer Lawrence suffered the embarrassment of having intimate footage and videos pushed all over the internet and John Brennan suffered a similar fate to John Podesta at the hands of a 15 year old british kid. Their common problem was brought about by one thing and one thing alone, inadequately secured and

What do Hillary Clinton, Jennifer Lawrence and CIA director John Brennan have in common?

Not much at first glance but there is one thing, all three have experience issues with emails and online storage. Hillary’s election campaign was caused problems by leaked emails, hacked from John Podesta’s account, Jennifer Lawrence suffered the embarrassment of having intimate footage and videos pushed all over the internet and John Brennan suffered a similar fate to John Podesta at the hands of a 15 year old british kid.

Their common problem was brought about by one thing and one thing alone, inadequately secured and easily compromised electronic communication systems. It seems nary a week goes by without something hitting the news about leaked dossiers, emails or intimate images. There are systems around the world holding all types of information and for every server holding that data, there is somebody somewhere (possibly wearing a black hat) attempting to gain access to that system for whatever nefarious reason that is driving them.

As a result of this constant onslaught by hackers, communication system providers are constantly battling to stay one or two steps ahead of their attackers. Packet firewalls are being reinforced time after time on servers as layer after layer of proxy firewalls are being installed between those servers and the outside world, these intrusion prevention systems are becoming ever more complicated. At the end of the day, under relentless pressure, these protection systems inevitably fail and the faceless assailants gain access to their prize, information, facts and data they shouldn’t have access to.

The way the world is moving today, pretty much every type of information is becoming digitized and put in some type of database somewhere, it is ripe for exploitation if the parties trusted to keep it secure slip from their task for a moment and leave the slightest chink in their armor.

So what is the way forward? Zero-knowledge encryption! Zero-knowledge encryption is system whereby the server provide has no knowledge of what you store on their servers. The only way to recreate your information from a zero-knowledge server is to go in with exactly the right mathematically linked electronic key, a key which only you have. When applied as an end to end encryption system for communications, you can be sure that whatever you store or communicate is as difficult to hack as is electronically possible.

All good things come in threes so if you have an amazing firewall system in place and zero knowledge protocol in place, what is the next step? Invacio have the answer, Invmail. Invmail is Invacio’s electronic communications system, it incorporates military/governmental level firewall protection systems, zero-knowledge protocol and their piece de resistance, Invmail comes with ‘burn functionality.’ ‘Burn functionality’ means messages and files can be irretrievably destroyed at your discretion, even the storage pathways used are repeatedly overwritten, obliterating every trace of the exchange.

By applying these three technologies across all types of electronic communications Invacio are redefining online privacy. Whether you wish to email, instant chat or video call, you can, safe in the knowledge that whatever happens your digital life is private.

Invmail is just one of eleven divisions Invacio will be rolling out later this year.  Of the other 10 divisions, 1 applies the same technologies and artificial intelligence (AI) in a social network environment, 4 are applied artificial intelligence in finance focused, 2 apply AI to data gathering and cleansing, 2 utilise AI cleansed data to guide business and consumers with decision making and strategy and the tenth applies AI in global security and facial recognition. Visit invmail.io to sign up for a basic account free of charge,

Visit invacio for more information https://www.invacio.com

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Invmail Zero Knowledge Coms solution | Live https://invmail.io

Agnes Predictions | Disabled https://agnes.Invacio.com

Data | Accessible but Disabled https://data.Invacio.com

Network | Live but Invite Only https://www.Invacio.com/login

Tamius | Wallet in Google Store (Phase 1) Apple Store Soon!

Aquila | https://aquila.Invacio.com enquiries to [email protected]

API | Disabled https://api.Invacio.com

CEAM | Coming Soon

Read about our products, solutions and our roll out here

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.

EOS Price Watch: Upside Triangle Break, Potential Retest

EOS Price Key Highlights EOS broke out of that symmetrical triangle pattern previously highlighted to signal an uptrend. Price has found resistance at 15.50, though, so a pullback might be needed to sustain the climb. Applying the Fibonacci retracement tool on the latest swing low and high shows the potential support zones. EOS broke to

The post EOS Price Watch: Upside Triangle Break, Potential Retest appeared first on NewsBTC.

EOS Price Key Highlights

  • EOS broke out of that symmetrical triangle pattern previously highlighted to signal an uptrend.
  • Price has found resistance at 15.50, though, so a pullback might be needed to sustain the climb.
  • Applying the Fibonacci retracement tool on the latest swing low and high shows the potential support zones.

EOS broke to the upside of its consolidation pattern and may show a quick pullback before resuming the climb.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA to confirm that the path of least resistance is to the upside. In other words, the uptrend is more likely to resume than to reverse.

The 100 SMA lines up with the 50% Fibonacci retracement level to add to its strength as potential support while the 61.8% Fib lines up with the 200 SMA. This is also within an area of interest or former resistance around the 12.50 level.

RSI is heading lower to confirm that bearish pressure is in play. Stochastic is also heading south so EOS might follow suit, but the oscillator is nearing oversold conditions also. Turning back up could draw buyers in and allow even the 38.2% Fibonacci retracement level to hold as support. If so, EOS could revisit the swing high or create new ones.

ETHUSD Chart from TradingView

Market Factors

EOS price jumped on the release of version 1.0 of their open-source blockchain protocol, EOSIO. According to their blog post:

EOSIO is designed to operate in environments without any tokens where system administrators allocate potentially unlimited resource quotas to users. Alternatively smart contracts can allocate resource quotas by other means, such as token staking, market fees, or voting. This makes EOSIO ideal for both enterprise and community-driven blockchains.

However, it also clarified that the release does not guarantee that the EOSIO software will perform “as intended” or “will be free of errors, bugs or faulty code.”

EOS also drew support from news that Block.one has partnered with blockchain investment firm SVK Crypto to launch a $50 million fund for the development of the EOSIO “ecosystem.”

The post EOS Price Watch: Upside Triangle Break, Potential Retest appeared first on NewsBTC.

Bitcoin (BTC) Price Watch: Upside Break or Quick Pullback?

Bitcoin Price Key Highlights Bitcoin price previously broke past a descending trend line to signal that a reversal is underway. Price has since consolidated inside a rising wedge formation and could be due for a breakout soon. An upside break could set off a steeper climb while a break lower could lead to a pullback

The post Bitcoin (BTC) Price Watch: Upside Break or Quick Pullback? appeared first on NewsBTC.

Bitcoin Price Key Highlights

  • Bitcoin price previously broke past a descending trend line to signal that a reversal is underway.
  • Price has since consolidated inside a rising wedge formation and could be due for a breakout soon.
  • An upside break could set off a steeper climb while a break lower could lead to a pullback to the broken trend line.

Bitcoin is starting to show signs of a reversal from its downtrend but has yet to break out of this rising wedge.

Technical Indicators Signals

The 100 SMA crossed above the longer-term 200 SMA to confirm that the path of least resistance is to the upside. In other words, the reversal is more likely to be sustained from here and the moving averages could hold as dynamic inflection points in the event of a pullback.

Bitcoin price has formed higher lows and higher highs to consolidate inside a rising wedge pattern, with price gearing up for a test of support. A break below this could lead to a drop of the same height as the chart formation while a move past resistance could lead to a steeper rally.

However, RSI is turning lower to indicate a return in selling pressure. Stochastic is also pointing down to signal that bears have the upper hand and could spur a retest of the broken trend line resistance. Holding as support could draw more buyers in and lead to a prolonged climb.

BTCUSD Chart from TradingView

Market Factors

A pickup in risk-taking owing to the resolution of political troubles in Italy was seen to have supported an upside break while dollar weakness on trade war concerns also sustained the move.

There are no major reports due from the US economy this week and it’s worth noting that the currency shrugged off upbeat NFP data. This suggests that appetite for dollars is weak and that there’s a good chance for cryptocurrencies like bitcoin to take advantage.

The post Bitcoin (BTC) Price Watch: Upside Break or Quick Pullback? appeared first on NewsBTC.

Bitcoin Cash Fund launches Bitcoincashers.org to speed up crypto adoption – CoinGeek

CoinGeekBitcoin Cash Fund launches Bitcoincashers.org to speed up crypto adoptionCoinGeekA new tool to help with widespread Bitcoin Cash (BCH) adoption is now available. The BitcoinCashers.org website was created by the Bitcoin Cash Fund (BCF) as a veh…


CoinGeek

Bitcoin Cash Fund launches Bitcoincashers.org to speed up crypto adoption
CoinGeek
A new tool to help with widespread Bitcoin Cash (BCH) adoption is now available. The BitcoinCashers.org website was created by the Bitcoin Cash Fund (BCF) as a vehicle to provide education to businesses as well as individuals on BCH and how it can be ...
Bitcoin Cash (BCH) Price Tanks 2.55% on the Day: Controversial Hard Fork Leaves 20% of Users on Old SoftwareCryptoRecorder

all 3 news articles »

How bitcoin and cryptocurrencies went from Wall Street to the high streets of Southeast Asia – South China Morning Post

South China Morning PostHow bitcoin and cryptocurrencies went from Wall Street to the high streets of Southeast AsiaSouth China Morning PostSachaknisay Sov uses a virtual currency similar to bitcoin. This year, when the taxi driver, 31, was looking for…


South China Morning Post

How bitcoin and cryptocurrencies went from Wall Street to the high streets of Southeast Asia
South China Morning Post
Sachaknisay Sov uses a virtual currency similar to bitcoin. This year, when the taxi driver, 31, was looking for a way to pay bills and afford repairs to his motorcycle, he took a US$500 loan in the form of digital tokens that could be traded for cash ...

Unlocking the ocean of data around Facebook and Google

Only a handful of companies have both the access to big data and the artificial intelligence (AI) and machine learning (ML) capabilities to utilize it. This has created an inequality chasm between the data-haves and data have-nots and an oligopoly in b…

Only a handful of companies have both the access to big data and the artificial intelligence (AI) and machine learning (ML) capabilities to utilize it. This has created an inequality chasm between the data-haves and data have-nots and an oligopoly in big data.

Secure Your Loans with Bitcoin: Bitcoin Price Technical Analysis (June 4, 2018)

Everyone is shouting buy Bitcoin. Prices are bottoming up and that might be correct. We don’t want to tag along and buy with the crowd and that’s why we need to see our buy triggers at $7,800 if not $8,000 being hit in the coming days. That’s not all, for us to be confident that

The post Secure Your Loans with Bitcoin: Bitcoin Price Technical Analysis (June 4, 2018) appeared first on NewsBTC.

Everyone is shouting buy Bitcoin. Prices are bottoming up and that might be correct. We don’t want to tag along and buy with the crowd and that’s why we need to see our buy triggers at $7,800 if not $8,000 being hit in the coming days. That’s not all, for us to be confident that Bitcoin buyers would add to the five percent it has in the last week, then volume spikes must accompany that up-thrust.

From The News

It is true that banks are really finding it hard to adjust to new competition. But, the thing is, what powers their nemesis, cryptocurrencies, the blockchain is not going anywhere anytime. It is changing how things are being done. Unfortunately, playing along is but inevitable. So, over the weekend Bittrex through their CEO Bill Shihara did announce that they now have a new partnership with New York’s signature.

In their agreement, customers in some US states would directly purchase cryptocurrencies using their US Accounts. Of course, this applies to customers who have an account with signature and comply with the always tight KYC and AML rules which stifle innovation and creativity. If this goes through, Bill Shihara said, then a better environment would exist which would foster business for banks and crypto exchanges who are already working hard to sync with regulatory stipulations.

While this is happening in the US, Japanese corporations are taking crypto to a new level. While laying their new strategy, Abic Corporation said they shall, beginning June 1-On Friday last week-offer Bitcoin secured loans. This is a smart move because Bitcoin and other cryptocurrency capital gains are subject to tax which is “sometimes high as 55 percent”.

With this initiative, Bitcoin holders can access JPY loans without necessarily liquidating their coins and as you can see, this is overwhelmingly beneficial for BTC users. Bitcoin is the only collateral and borrowers can get up-to $9.13 million or 1 billion Japanese Yen enjoying up-to 15 percent in annual interest rates.

Bitcoin Price Technical Analysis

Weekly Chart

If we draw a trend line to gauge the direction of price action then we can see that bears are in charge in this time frame. That’s when we consider the last five months price action. In the last quarter though, prices have been “all over the place” if we may say but the last two months events are changing our view on trend direction. Bitcoin prices are bottoming out and we can compare April and May candlestick where the former was extremely bullish with prices testing $10,000 before that correction in May.

Our metrics indicate that last month was a long covering event with lower lows recovering more than 70 percent of April gains simply because participation was low. The average weekly volumes in April were about 170K while in April it’s above 200K. After last week’s bullish candlestick and rejection of lower prices albeit high volumes is an indication of bear pressure exhaustion and a possible shift of momentum.

Daily Chart

For buyers to be truly in charge what I need to see is a surge past $7,800 and $8,000. It’s that simple and clear and that’s why despite these streams of bullish candlesticks, nothing is conclusive until we see Bitcoin supporters pulling our buy triggers at $7,800.

Considering how price action is shaping out in the daily chart, we might see that happening today and for that to happen, we must see a spike in participation as that minor resistance is hit. Afterwards, we might be free to buy on pullbacks on lower time frames and aim first at $10,000.

The post Secure Your Loans with Bitcoin: Bitcoin Price Technical Analysis (June 4, 2018) appeared first on NewsBTC.

EOSIO A Hacker Paradise: Tron, IOTA, EOS, Stellar Lumens and Litecoin Price Technical Analysis (June 4, 2018)

Besides Tron which is still struggling in the loss territory, all coins under our radar are in the green. We can begin with EOS which is up 22 percent all thanks to the pump during mainnet launch and to some degree Stellar Lumens which is up 12 percents for the week. Litecoin is also on

The post EOSIO A Hacker Paradise: Tron, IOTA, EOS, Stellar Lumens and Litecoin Price Technical Analysis (June 4, 2018) appeared first on NewsBTC.

Besides Tron which is still struggling in the loss territory, all coins under our radar are in the green. We can begin with EOS which is up 22 percent all thanks to the pump during mainnet launch and to some degree Stellar Lumens which is up 12 percents for the week. Litecoin is also on the positive territory where risk off traders can add on to their gains with stops at around $115. Regardless of weekend’s events, buying Tron at current prices can be a good bargain.

Let’s look at the charts:

EOS Price Technical Analysis

So, if anything, I don’t understand why EOS hack is not making headline news. It’s investors who are said to have lost millions of dollars worth of EOS and ETH all through Zen Desk vulnerability. The latter provides email support for Block One, the parent company of the now independent EOSIO.

It is said that hackers found another weakness at the email provider, sent messages to investors and used the same information to siphon out coins belonging to unsuspecting and genuine investors. At the moment of this reporting, EOS has temporarily suspended Zen Desk services because of this unfortunate situation. This is not the first time holes have been found in EOS. After 360 and a couple of other vulnerabilities, news that investors are now losing money in a network that Nick Szabo did criticize should raise high brows.

On the charts though, prices are picking up from that up-thrust on June 2. In my view, I expect prices to appreciate and feed off those strong buy volumes we saw on mainnet launch. Buyers who would wish to trade with the trend should wait for under-valuation in lower time frames and load with targets at EOS ATH’s at $23.

Litecoin (LTC) Price Technical Analysis

There is a new version of Litecoin, Litecoin v0.16.0 and the cool thing is that there is full support for Segwit wallets. Then again there are optimizations for SHA256 hash function that boosts its speed. Upon upgrade, miners would also run “Pruned Nodes” making their mining activities run on minimum storage and power.

Price wise, Litecoin is appreciating as it bottoms out from recent $110 lows. As it is, buyers might add on to their gains this week and perhaps trigger our buys at $130. From the charts, that’s likely to happen and is just in line with our previous projections. If that happens then as before we recommend reasonable long targets at $180 with stops at $115 in the mean time. On the other hand aggressive traders should look to buy on dips at around $115 to $120. Ideal stop losses in that case should be at or around May 24 lows and the lower limit of $115.

Stellar Lumens (XLM) Price Technical Analysis

In the last week alone, Stellar Lumens prices are up 12 percent and that’s an impressive feat considering that it’s pure price action that is moving this coin. As it is, risk off traders can begin loading Stellar Lumens with stops at 27 cents now that buyers are adding on to their longs as May 31 candlestick dictates.

For conservatives, waiting for prices to cross the 35 cents mark would be enough indication of a convincing shift of trend. Overly and regardless of where you buy, our ultimate bull target lies at 50 cents just like our previous trade plan.

Tron (TRX) Price Technical Analysis

Shortly after initiating their mainnet, Tron said they shall be partnering with Indonesia’s largest cryptocurrency exchange, Indodax and avail TRX/IDR pairs for their customers. This means natives would be in a position to purchase TRX coins using Indonesia’s Rupiah anytime from June 5. Of course, as always, coin exposure is beneficial for the currency and the charts shows that. As it is, prices might appreciate and reverse losses we saw during last week’s mainnet launch.

I really think this is the best time to load up TRX. Our preview will anchor on June 2 bull candlestick and a rejection of lower prices despite remarkably high volumes. Evidently, this rejection is happening right at the 5.5 cent support line and with yesterday’s confirmation, today might end up being important for TRX. Considering the turn of events, I recommend longs with stops at June 2 lows and targets at 10 cents.

IOTA (IOT) Price Technical Analysis

Slowly but surely IOTA is evolving as a standard for the machine to machine economy and not only as a communication protocol. We can easily judge this from the high level tech partnership and IoT hardware heavy weights backing Tangle technology. Sooner, we can begin seeing application of blockless technology in supply chains besides them acting as solid backbones in ID verification and in immutable systems.

In the charts, buyers are in charge but the idea here is not to buy on peaks. Zoom out to the weekly chart and notice that last week’s candlestick is extremely bullish. As such, expect a pull back and in that regard, minor supports at $1.6 and $1.8 are potential reversal points where buy signals might print. That’s where you should buy with stops at $1.5.

The post EOSIO A Hacker Paradise: Tron, IOTA, EOS, Stellar Lumens and Litecoin Price Technical Analysis (June 4, 2018) appeared first on NewsBTC.

PR: HybridBlock Partners with TrustToken to Bring TrueUSD Stablecoin to Exchange Base Pairings

Bitcoin Press Release:  HybridBlock, a cryptocurrency trading and education platform, has announced a strategic partnership with TrustToken, the creators of fully compliant stablecoin TrueUSD (TUSD). May 29, 2018, Singapore: As a USD-backed stablecoin, TrueUSD can be redeemed 1-for-1 for US dollars, helping mitigate risk and volatility for cryptocurrency traders. HybridBlock will implement TrueUSD on its …

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Bitcoin Press Release:  HybridBlock, a cryptocurrency trading and education platform, has announced a strategic partnership with TrustToken, the creators of fully compliant stablecoin TrueUSD (TUSD).

May 29, 2018, Singapore: As a USD-backed stablecoin, TrueUSD can be redeemed 1-for-1 for US dollars, helping mitigate risk and volatility for cryptocurrency traders. HybridBlock will implement TrueUSD on its exchange product, HybridExchange, as well as BaseTrade, a cryptocurrency platform that allows users to easily buy or sell cryptocurrency in just a few steps.

The partnership announcement follows an exciting month for both companies, as HybridBlock enters its highly-anticipated public token sale, and TrueUSD recently lists on Binance, the world’s largest cryptocurrency exchange, and has grown to a market cap of over $33 million since its inception less than three months ago.

TrustToken Co-founder and CTO Rafael Cosman says,

“With TrueUSD, we set out to build a trustworthy stablecoin. We appreciate that HybridBlock sees the value that TrueUSD will provide to traders on BaseTrade. The HybridBlock team is showing responsibility and a long-term view in meeting their community’s needs.”

HybridBlock Co-Founder Apolo Ohno explains,

“TrustToken and TrueUSD are a world class team and product. We are very excited to integrate TrueUSD within the HybridBlock ecosystem as one of the top stablecoin solutions for traders globally.”

TrueUSD Functionality Within HybridBlock

As a stablecoin, TrueUSD provides traders with protection through legally enforceable escrow agreements. Every TrueUSD is fully collateralized by USD, held in professional trust firms’ escrow accounts and can be purchased or redeemed directly (apply here for access). TrueUSD will be utilized on HybridExchange to serve as a base pairing to allow traders to hedge against market volatility, providing a robust solution for intermediate traders. HybridExchange will go live in early June 2018 and will be one of the first exchanges to list TUSD as a base pairing, also known as a quote currency. Initial base pairings with TUSD will include BTC/TUSD, ETH/TUSD, LTC/TUSD, XRP/TUSD, and HYB/TUSD.

On BaseTrade, TrueUSD will serve as the initial token distributed to traders loading their accounts via wire transfers. Once accounts are loaded with TrueUSD, users will be able to quickly buy major cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple and HybridBlock Token. HybridBlock will be one of the first to allow users to transition from fiat to crypto and back to fiat using a stablecoin.

TrueUSD gives BaseTrade traders a method to enter the cryptocurrency markets without immediate exposure to volatility. This gives users an opportunity to make informed decisions about which coins to buy or sell on their own timeline.

About TrustToken:

TrustToken is a platform to create asset-backed tokens that you can easily buy and sell around the world. For example, gold to gold tokens or dollar to dollar tokens. The company’s first asset token is TrueUSD, a stablecoin that you can redeem 1-for-1 for US dollars. TrustToken was founded in 2017 by a team from Stanford, UC Berkeley, Palantir, and Google, and is backed by Stanford-StartX, Founders Fund Angel, FJ Labs, and BlockTower Capital. For more information about TrustToken and its TrueUSD product, visit http://www.trusttoken.com.

About HybridBlock:

HybridBlock is the world’s most innovative cryptocurrency trading and education platform. It is an alternative for those who want to benefit from the explosive growth of cryptocurrencies without the high risk and complexity that accompanies digital asset trading. HybridBlock is simply the most efficient and effective way to participate.

Through cutting-edge blockchain technology, we are aspiring to revolutionize cryptocurrency education and usage in Asia – a market of over 4.4 billion people. HybridBlock’s international team is comprised of technologists, financiers, and well-known entrepreneurs who are all passionate about providing the best user experience within the cryptocurrency market. Read the whitepaper here.

Website: https://hybridblock.io/
Telegram: https://t.me/HybridBlockHQ
Facebook: https://www.facebook.com/hybridblockofficial/
Twitter: https://twitter.com/HybridBlockHQ
Youtube: https://www.youtube.com/channel/UCbzLOZaEegUfTVBJQeSc0sw

Press Contact:
Name: Henry
Email: [email protected]
Location: Singapore

TrueUSD 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. 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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Brock Pierce Plugs “Puertopia” at Futurama Crypto Summit

The 2018 Futura Blockchain Summit held last month in Dubai has been hailed by many guests as the best crypto convention ever, according to Bitcoinist. The summit brought together more than 300 leaders of the crypto world, including Bitcoin entrepreneur Brock Pierce.  Reportedly it was the largest convention of the cream of crypto society assembled …

The post Brock Pierce Plugs “Puertopia” at Futurama Crypto Summit appeared first on BitcoinNews.com.

The 2018 Futura Blockchain Summit held last month in Dubai has been hailed by many guests as the best crypto convention ever, according to Bitcoinist.

The summit brought together more than 300 leaders of the crypto world, including Bitcoin entrepreneur Brock Pierce.  Reportedly it was the largest convention of the cream of crypto society assembled together, including opinion leaders, famous businessmen, investors, and cryptocurrency enthusiasts.

Futurama was pitched as being:

“A  unique, 4-day summit, giving an impressive networking experience. Futurama unites the best crypto leaders and most exciting projects through pre-screening and personally chatting with each presenter since the highest quality of the event and the involvement of each participant can be reached only in this way.”

Brock Pierce entertained the assembled with his views on his Puerto Rico project “Puertopia” as the summit got underway, explaining:

“Our main aim is to create the city of the future. In particular, I’ve been searching for the place where we can do the real effect and provide help. There are a lot of problems in Puerto Rico. 20,000 younglings and ambitious people excited to change the planet and make the difference, they just need a chance to do it. I hope you will find the opportunity to come here and see it with your own eyes. It’s a beautiful place.”

Joshua Hong opened the official summit part with the incredibly warm speech and fellow panelist Miko Matsumura focussed on the role of AI in the decentralized world.  Other top speakers were Nicholas Merten, the founder of DataDash, Michael Suppo, also well-known as Suppoman, running a YouTube channel with more than 147,000 active followers and Evan Luthra, young investor, entrepreneur and motivational speaker who spoke for Google and Blackberry.

One of the most innovative startups at the event was reportedly GoByte, a project that implements a commercial payment and business solution. Exchanges Bithumb, Bitinka, and Coinsbank were also represented in panel discussions.

It wasn’t all about the crypto space.  A convoy of 50 land cruisers descended on the desert as part of a dune safari, hot air balloon flights were the order of the day, as was a star-studded yacht party and a Desert Rose Party which brought the crypto milieu together to relax after the panel events with no expenses spared. Investors mixed together and discussed the big thing, whilst the more active guests danced amongst fellow crypto personalities before fireworks lit up the desert sky.

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Bitcoin Price Watch: Currency Holds Ground at $7,600

At press time, the father of cryptocurrencies is trading for just under $7,700. The cryptocurrency market cap has garnered over $25 billion over the last week alone, and with roughly $300 to go, many investors are wondering whether the $8,000 mark can be reached soon. One source claims bitcoin is currently facing resistance where it sits, and that the price consolidation it’s undergone over the last few days may be a “good sign” for the long-term bulls granted the price is able to keep moving forward. It also suggests, however, that if present resistance proves too difficult to handle, or

At press time, the father of cryptocurrencies is trading for just under $7,700. The cryptocurrency market cap has garnered over $25 billion over the last week alone, and with roughly $300 to go, many investors are wondering whether the $8,000 mark can be reached soon.

One source claims bitcoin is currently facing resistance where it sits, and that the price consolidation it’s undergone over the last few days may be a “good sign” for the long-term bulls granted the price is able to keep moving forward. It also suggests, however, that if present resistance proves too difficult to handle, or if bitcoin is unable to hold its current trendline, it may find itself spiraling all the way back down to an even $7,000.

Another source agrees. It says that a price reversal is at hand, and that recovery is likely imminent if bitcoin can keep its current momentum going. While the present sell-off isn’t over just yet, buyers are likely looking to get back into the game, and the currency may continue to spike now that it’s moved beyond the $7,600 point.

In the meantime, Ripple CEO Brad Garlinghouse has emerged to state that altcoins are likely to carve out their own paths in the coming months, and will no longer require bitcoin price uptrends to do well themselves. He suggests that altcoin technology has grown sufficiently over the previous year, and that bitcoin’s crypto-cousins can virtually take care of themselves, and will no longer require the support of leading or major cryptocurrencies to assist their relative ascensions.

“Investor rationale,” he explains, will also have a lot to do with this. While the altcoin market is still in its infancy, he suggests that many investors are beginning to see specific altcoins as superior to bitcoin, or just as strong in some way, and they’ll garner the attention they deserve by attracting further institutional capital. He suggests this isn’t likely to occur with every altcoin, but he has a few specific ones in mind. We can’t help but wonder if he’s specifically referring to XRP…

Founder of Pantera Capital believes bitcoin is still bound for big things, though he suggests further resistance may be encountered before a strong correction can ultimately occur, which he believes can be within the next few months.

With so many clashing and differentiating opinions, it’s unclear what, exactly, bitcoin has in store for investors this summer. As we enter the month of June, we are getting closer to the mark in time where analysts like Tom Lee of Fundstrat fame first explained that bitcoin would begin its hike to the $25,000 mark. In addition, we are only 1.5 years shy of when he mentioned bitcoin would hit $91,000. These are obviously huge predictions, and it is difficult to understand how or why bitcoin could undergo a near $20,000 spike in just the next few months alone.

Right now, one supposes it’s probably best to take things a step at a time. Considering bitcoin’s current trading mark, it might be best to wait for the jump to $8,000 and then take things from there.

Australia on Trend With Its First Crypto Friendly Town, Complete With Bitcoin Billboard

The small Australian beachside town of Agnes Water in Northern Queensland has gone crypto crazy with 30 local businesses accepting Bitcoin, claiming to be the country’s first “digital currency-friendly” town, reports ABC News Australia. The town is launching its campaign this week with a new billboard announcing their claim which proudly sports the Bitcoin icon. …

The post Australia on Trend With Its First Crypto Friendly Town, Complete With Bitcoin Billboard appeared first on BitcoinNews.com.

The small Australian beachside town of Agnes Water in Northern Queensland has gone crypto crazy with 30 local businesses accepting Bitcoin, claiming to be the country’s first “digital currency-friendly” town, reports ABC News Australia.

The town is launching its campaign this week with a new billboard announcing their claim which proudly sports the Bitcoin icon. Crypto groups and tourists from Japan have been invited to the launch in the town of 1800 inhabitants. The project plans to attract international tourists to pay for goods in Bitcoin, which can immediately be converted into Australian dollars.

Local real estate agent Gordon Christian said he won local businesses’ support to bring the technology to the town to boost its main industry, tourism, and also to attract an “alternative” type of traveler.

Bitcoin in Australia currently stands 18th on the Bitcoin Volume by Currency index and cryptocurrencies are not yet regarded as legal tender, so the town has taken to the challenge of elevating the profile of digital currency use. Such enterprises are growing in the country from state to state as retailers, restaurant’s and café’s come onboard in ever-increasing numbers.

TravelbyBit CEO Caleb Yeoh said it was early days for the currency, and that there was strong support for it as a “social movement”. The company currently supports many new crypto enterprises in the hospitality industry including the new crypto project with Queensland’s International Airport retailers, which is off to a slow start with just a handful of transactions in the airport each day so far, worth between $5 and $55.

“If you travel around the world you have to deal with multiple currencies, the exchange rate can be confusing, sometimes you struggle to find ATMs, and sometimes you get swindled by money changers,” he said, adding “Travelling with one global currency like Bitcoin … makes sense.”

Gordon Christian said that he was motivated towards the town’s new project by the recent announcement that Brisbane airport had taken the title of “a crypto friendly airport,” and also being asked by a customer if he accepted Bitcoin. The estate agent also added that another advantage was that blockchain technology could protect merchants from the costs of credit card fraud.

He pointed out that the project was slow to start, but soon gained momentum:

“Initially we had a good 10 businesses that just said, ‘Fine — let’s go for it…then the idea spread across the town’s tourism industry with the “digital traveler” in mind.”

Thirty-one businesses in the town have now signed up, from resorts and backpackers to tour companies, restaurants, the local pub and a day spa.

Christian is clearly positive with the outcome, suggesting “It’s a whole new world”

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Binance Announces a $1B Fund for Startups Funded Entirely with BNB

Binance is the biggest cryptocurrency exchange in the world. Although it gets a lot of credit from Bitcoin and altcoin enthusiasts, the financial industry still remains on the fence about this firm. The launch of Binance’s new investment fund, on the other hand, will undoubtedly attract a lot of attention. Another Major Move by Binance It has become apparent that Binance is about so much more than just cryptocurrency trading. Although that will always remain the company’s main bread and butter, the firm is slowly branching out into other ventures as well. Its recent partnership with the government of Uganda, for example, has introduced

Binance is the biggest cryptocurrency exchange in the world. Although it gets a lot of credit from Bitcoin and altcoin enthusiasts, the financial industry still remains on the fence about this firm. The launch of Binance’s new investment fund, on the other hand, will undoubtedly attract a lot of attention.

Another Major Move by Binance

It has become apparent that Binance is about so much more than just cryptocurrency trading. Although that will always remain the company’s main bread and butter, the firm is slowly branching out into other ventures as well. Its recent partnership with the government of Uganda, for example, has introduced a lot of people to what this cryptocurrency company is all about. 

Launching an investment fund will always get a lot of attention. That’s not just because it shows the company is doing pretty well for itself, but it also shows that the company is trying to make a bigger impact on the overall industry. This particular investment fund is valued at $1 billion, which is a lot more than most experts would have expected. Most companies don’t have anywhere near that amount of spare cash lying around, after all.

Known as the Community Influence fund, it will be denominated entirely in Binance’s own native currency. The BNB coin has attracted a lot of attention from cryptocurrency speculators over the past few months, mainly because the popularity of Binance has been on the rise since mid-2017. How the decision to use BNB will affect the future of the Community Influence fund remains to be seen.

According to Binance Labs’ Ella Zhang, the new fund will primarily focus on nascent startups in the blockchain and cryptocurrency industry. Other funds will be involved as well, although no further specifics have been provided. Zhang stated that the fund will help create new funds by actively working with fund managers. In order to qualify, those managers will need to have managed $100 million or more in assets.

There will also be a separate Binance Ecosystem Fund which will encompass a total of 20 partners. Although no names have been made public just yet, the remaining details will be revealed pretty soon. All of this shows Binance has some interesting plans for the future, although that doesn’t necessarily mean either of these funds will be successful in the long run.

It is expected that this news will only further increase the popularity of Binance within and outside of the cryptocurrency community. The company is still vital to the future of cryptocurrency, but it is evident there are plenty of other businesses to consider as well. This development will also bring positive attention to the cryptocurrency markets, although no major price spikes should be expected.

BitGive and the University of Edinburgh to Solve Third World Problems

The first crypto-philanthropy network BitGive has collaborated with the University of Edinburgh for research purposes. The newly forged partnership points out great possibilities on the blockchain technology front. The research-based collaboration aims to establish the appropriate effects of cryptocurrencies on local and international charities. Both parties are vouching for more organized and stronger charitable institutions …

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The first crypto-philanthropy network BitGive has collaborated with the University of Edinburgh for research purposes. The newly forged partnership points out great possibilities on the blockchain technology front.

The research-based collaboration aims to establish the appropriate effects of cryptocurrencies on local and international charities. Both parties are vouching for more organized and stronger charitable institutions accepting donations in crypto.

In his statement, the BitGive’s founder Connie Gallippi expressed confidence that the new partnership will help to reshape the way charitable contributions are managed and organized. He made this remark while referencing the recently launched blockchain powered GiveTrack platform in October 2017.

The GiveTrack Platform

The GiveTrack platform is the only digital assets donations tracking technology available on the blockchain. It allows individuals to trace their contributions and monitor how they are spent in real-time.

As per the firm’s report, GiveTrack platform is gaining popularity day by day. This is because of its ability to provide direct donor and receiver engagement, plus its ability to report on the charity projects’ outcome promptly. The partnership will help in fighting third-world challenges using cryptocurrencies. BitGive will analyze the data about the acceptance and feasibility of cryptocurrencies using GiveTrack platform.

According to Connie Gallippi, the most fundamental concept they have ever come up with is that of tracking digital assets meant for charities on blockchain. However, this has brought both challenges and opportunities in almost an equal measure. Partnering with the University of Edinburgh has opened the door for BitGive to maximize on the opportunities and delve on the challenges brought by GiveTrack platform.

Dr. Claudia Pagliari, a leading research partner at the University of Edinburgh, applauds BitGive for planning and delivering projects using GiveTrack platform. In her statement, she says that Connie and her team have gained important insights on how cryptocurrencies can be used to support humanitarian organizations in developing countries.

BitGive is banking on the new partnership to learn and understand complex and contextual factors marring humanitarian projects. The company hopes that the new approaches developed in the partnership will change future outcomes of such projects.

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