Day: June 5, 2018

It is debatable whether enthusiasm for OmiseGo should be attributed to the market’s strong belief in the underlying concept of its blockchain or pure speculation, but whatever the reason, OmiseGo is one of the first ever ICO ‘Unicorns’ — achieving a billion-dollar market cap purely through the sale of ERC-20 sub-tokens 

Crypto markets made mild gains today, with Bitcoin and Ethereum breaking the $7,500 and $600 marks, respectively

The U.S. Securities and Exchange Commission (SEC) has announced the appointment of its new cryptocurrency chief who will coordinate efforts across the SEC regarding securities laws.

And the Job Goes To…

Valerie Szczepanik has been named as the associate director of the Division of Corporation Finance and senior advisor for Digital Assets and Innovation.

According to an announcement from the agency, Szczepanik will take on the role of working across all SEC divisions and offices to advise the organisation on how securities laws will apply to emerging digital asset technologies and innovations, including initial coin offerings (ICOs) and cryptocurrencies.

“Valerie’s thought leadership in this area is recognized both within the Commission and across financial regulators in the United States and abroad,” said chairman Jay Clayton. “With her demonstrated skill, experience, and keen awareness of the importance of fostering innovation while ensuring investor protection, Val is the right person to coordinate our efforts in this dynamic area that has both promise and risk.”

The SEC is one agency that is taking a proactive stance regarding the crypto market. With the industry still proving volatile, the company is one global regulator that is determining how to proceed.

Last month, Clayton issued a statement in support of ‘Operation Cryptosweep,’ a joint operation between 40 U.S. and Canadian financial regulators who have banded together to fight fraud in the cryptocurrency and ICO markets. The operation is hoping to clean up the industry by bringing together shared resources to those involved.

Aside from showing support for the joint operation, the SEC has been taking steps to highlight the risks involved when investing in ICOs. In May, the agency launched its own spoof website, HoweyCoins, in an attempt to illustrate the ‘too good to be true’ offers that many potential investors may face with ICO scams.

In 2017, it launched a dedicated cyber unit designed to tackle fintech and cyber-related crimes. It is actively focusing on the activity of ICOs, which it considers as the biggest threat to prospective investors. Now, with the new appointment of its cryptocurrency chief, the SEC is continuing to demonstrate its keenness to getting the market under control in a way that will maintain the safety of investors.

Featured image from Shutterstock.

The post SEC Appoints New Crypto Chief to Advise on Digital Assets and ICOs appeared first on NewsBTC.

TALLINN, Estonia, June, 05, 2018 — Blockchain music platform Soundeon has partnered with Ilya Lagutenko, the legendary front-man of the multiplatinum-selling Russian rock band Mumiy Troll, in an effort to develop new strategies for the empowerment of music artists around the world and to further promote transparency and fairness in the music industry.

Ilya Lagutenko, the legendary front-man of the multiplatinum-selling Russian rock band Mumiy Troll.

Lagutenko has been one of the most influential musicians in Russia and the CIS for over the last two decades and has established himself as an important figure in the international music scene. His presence on the advisory board is an invaluable advantage for Soundeon, considering his expert knowledge of the music industry and keen enthusiasm for the future of blockchain technology.

“I see a blockchain platform such as Soundeon to be a timely and optimal solution for independent musicians that help them control the business side of their creativity without unnecessary middlemen and with maximum fairness,” said Lagutenko.

Beginning his music career in the Far East city of Vladivostok, located closer to South Korea and Japan than Moscow, at a time when the Russian indie rock scene was still at its formative stages and had no mainstream acceptance, Lagutenko was able to transcend Russia’s music industry and reach a worldwide audience.

His band Mumiy Troll has become one of the most successful bands in Russia and has gained international recognition for its unique and innovative sound, while also paving the way for numerous artists to come.

Today, he continues to support independent musicians and organizes and curates the annual V-ROX (Vladivostok Rock) Festival in Russia, the Piens Fest in Riga, Latvia and the Far From Moscow along with the Cyber Days (with UCLA Blockchain Lab) festivals in LA and Tokyo. He is also the founder of the Pacific Sound and Vision, a nonprofit that seeks to promote and encourage performing arts among the nations and cultures of the Pacific Rim.

Lagutenko’s V-ROX Festival, covered by New York Times, is one of the largest music festivals in Russia. The festival provides young musicians with an opportunity to showcase their talents and connect with a great number of fans.

Furthermore, V-ROX serves as a forum for musicians, producers and other industry professionals from around the world to collaborate and discuss how to improve the music business and make it more fair and accessible to new artists in the future.

Soundeon plans to closely collaborate with Lagutenko on new projects and find innovative solutions to numerous problems faced by musicians today.

“We are very excited to welcome such an accomplished musician and forward-thinking cultural leader as Ilya Lagutenko to our Board of Advisors,” said Vladimir Avdeev, Soundeon CVO. “His acute understanding of the music business and deep passion for helping young artists goes hand in hand with Soundeon’s mission of bringing positive change to the industry and opening new doors for musicians worldwide.”

To learn more, visit us at http://soundeon.com    
Read the full Whitepaper: https://soundeon.com/Soundeon_WP.pdf 
Our 1-Pager: https://soundeon.com/Soundeon-OnePager-English.pdf 
Telegram: https://t.me/soundeon

Media Contact
Contact Name: Anna Tolstochenko
Contact Email: [email protected]

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

British Virgin Islands, BVI – June 5, 2018 – Peer Mountain has announced that it has joined the Enterprise Ethereum Alliance (EEA), the world’s largest open-source blockchain initiative. The move introduces Peer Mountain to collaborate with thought leaders across several industries, as well as providing access to a number of resources. Working with other members of the EEA will allow Peer Mountain to reinforce its capability to address enterprise use cases.

The EEA has a number of members in a variety of industries all over the globe. Well established business’ such as BBVA, Mastercard, Microsoft, ING, Shell and UBS all work with the EEA to see how the benefits of blockchain and Ethereum can help them as a business. These traditional industries, combined with new age blockchain based business’ like Monaco, Bancor, Consensys, DASH and ZCash will help the EEA to further develop the benefits of blockchain in the workplace. 

As a member of the EEA, Peer Mountain will work with industry leaders in pursuit of Ethereum-based enterprise technology best practices, open standards, and open-source reference architectures.

“Membership in the EEA will help boost development of our enterprise-ready cross-chain protocol that connects SSID holders with businesses, enabling scalable blockchain commerce,” says Peer Mountain CEO and Founder Jed Grant. “We look forward to contributing the the EEA’s collective expertise. Working closely with our fellow alliance members, we hope to accelerate enterprise-level adoption of blockchain technology and enable our clients to deliver innovative solutions to their customers.”

The EEA’s industry-focused, member-driven working groups are each tasked with creating and delivering specific advancements to the development and use of Ethereum-based technologies. With a vast number of members in varying sectors and industries, the EEA’s work will help businesses to understand, how the adoption of blockchain can benefit them.

Peer Mountain’s membership announcement sees them join a host of well respected and innovative business’, furthering the development of blockchain in order to see it implemented into the everyday world. 

 

ABOUT PEER MOUNTAIN

Peer Mountain is the cross-blockchain protocol that connects self-sovereign ID holders with businesses, enabling commerce at scale. It is the only decentralized identity network that provides businesses with instant cost-effective regulatory compliance, puts people in control of their protected personal information, and pays ID verifiers for their trustworthiness. Peer Mountain is working with a major Swiss financial institution to develop its platform, which it will roll out to 12 million Swiss and German end users by the end of 2019.  For more information, please join the discussion in the Peer Mountain Telegram group.

 

ABOUT ENTERPRISE ETHEREUM ALLIANCE

The Enterprise Ethereum Alliance (EEA) is an industry-supported, not-for-profit established to build, promote, and broadly support Ethereum-based technology best practices, open standards, and open-source reference architectures. Formed earlier this year, the EEA is helping to evolve Ethereum into an enterprise-grade technology, providing research and development in a range of areas, including privacy, confidentiality, scalability, and security. The EEA is also investigating hybrid architectures that span both permissioned and public Ethereum networks as well as industry-specific application layer working groups.

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

Under its CEO Satya Nadella, Microsoft has undergone a cultural shift since 2014 and ramped up its open-source efforts which started in 2006 with its CodePlex community.

The CEO of Nasdaq Inc. Adena Friedman said that crypto is at “the height of a hype cycle” and that as it matures, could become a more viable financial instrument

In the past two months, several cryptocurrencies have fallen victim to so-called 51 percent attacks,  highlighting the fact that not all blockchain networks are as secure and ‘unhackable’ as they claim to be 

Besides news of CoinBase move to Japan and listing Ripple (XRP) tokens, Brad Garlinghouse, the CEO of Ripple is pretty confident that dozens of banks would be using xRapid in the near future. He said this in an interview with CNBC and that’s another reason why our view of taking long position is strong. In the last 24 hours alone, XRP is up five percent and today we might see those gains increasing.

From the News

So after countless rumors of CoinBase listing Ripple (XRP), critics are now but realizing that Ripple might after all be listed in this liquid exchange if recent news is anything to go by. With CoinBase shifting bases to Japan, proponents will have a clear pass to buy Ripple (XRP) from one of the world’s largest and trusted exchange. Inevitably-and this is not even rocket science, moves like these will see prices rocketing to new highs to the benefit of the coin holder.

The only thing that CoinBase have to do is to apply for a license which as we have seen is becoming harder with Japan’s FSA. This mandatory requirement was not there because cryptocurrency exchanges often self-regulate within this jurisdiction. We can only conclude that was a reactionary implementation following Coincheck’s NEM heist that saw more than $400 million of investors’ money lost. Nonetheless, many expect CoinBase not to have challenges in a country that is very open to new technologies and home to cryptocurrency enthusiasts.

Eventually Coinbase will integrate #XRP and Ripple won’t pay a cent for its listing. I love karma https://t.co/YebUkQLOsu

— just Ripple (@xrp_hunter) June 5, 2018

While this was happening, Ripple is hard at work and driving blockchain education to technical institutions. In an announcement, Ripple said they are setting aside $50 million to support an initiative called the University Blockchain Research Initiative [UBRI].

#Ripple Announces $50 Million #Blockchain Research Initiative https://t.co/q5Jw8ihRmj pic.twitter.com/zUsMPdtaDG

— NEWSBTC (@newsbtc) June 5, 2018

With this new partnership, 17 top universities across the world would access funding to research on various blockchain projects and innovate as much as possible. In a statement, these universities can at any time prioritize on what they would like to concentrate on be it on payment systems or any other blockchain field of their choice. Besides, these funds would be used for research acceleration and creation of in-demand blockchain curriculum for students.

Ripple (XRP) Price Technical Analysis

Weekly Chart

From our previous analysis, we said the way last week’s candlestick shall close shall determine the trajectory of this week’s prices. Well, from the weekly chart we can see that prices ended up higher meaning buyers were pretty much in charge. In fact to cement this, we can see a double bar bullish reversal pattern in the midst of a bear trend. What is important now is a follow through of last week’s bullish candlestick if indeed May series of lower lows were long coverings. Remember, unless we see higher highs and a possible break above 70 cents, then bears are undisputedly in charge.After all, bears have been in charge for the better part of the year.

Daily Chart

Our trade plan here is simple. We are net bullish despite sell odds being stacked against us. Now, because of this predisposition, two things can happen. Either sellers reverse yesterday’s gain and breach below 60 cents or Ripple buyers add their longs following CoinBase news and break above June 4 highs at 70 cents. In my view, taking longs in line with the weekly chart and our general skew would be the best approach. Therefore, today, buyers can begin picking long signals in the 4HR chart and aligning themselves with the current trend. Our ultimate target lies at $1.

The post Ripple (XRP) Technical Analysis (June 6, 2018) appeared first on NewsBTC.

We have been seeing a correction of most coins under our radar but with yesterday’s events, odds are alt coins buyers would continue increasing their long holdings. IOTA, Litecoin, EOS and Tron are experiencing positive gains and should be our focus of the day.

Let’s have a look at these charts:

EOS Technical Analysis

After their mainnet launch, those talking saying EOS don’t have a working product should just keep it to themselves. EOSIO 1.0 is but a working product and with many stake holders showing their interest on it, expect many more DApp projects to be done on their platform.

As a matter of fact, Block one, the company behind EOSIO is pledging to sink in $1 billion towards the project while block producers advertise their services to EOS holders ahead of BP voting. All BP candidates are promising projects, support and maintaining the general vision of the project and that’s why many see EOSIO as a long time project. What is important in the days to come is the direction the EOS community, Dan Larimer and other developers would steer the platform to. Investors expect nothing short of a platform that would compete with Ethereum.

On to the charts now and our trade plan is still valid. EOS Prices are still trending inside that strong engulfing candlestick. Most importantly after yesterday’s candlestick, buyers are rejecting lower prices and we can see pockets of strong buys in the 4HR chart. Aggressive trades can take these early long opportunities. However, for us to be sure of buy pressure then we need to see strong surges above June 2 highs at $15. This plan applies to those who didn’t enter till after the mainnet launch because initial triggers were at $14.

Litecoin (LTC) Technical Analysis

In line with our previous analysis, our trade plan is pretty simple. We remain buyers if and only if we see Litecoin prices closing above $130. Conversely, our bullish projection would be invalid if sellers break below $110.

Judging from yesterday’s price action and possible long covering—prices might end up finding support today. Check out yesterday’s long lower wicks at $115, our intermittent support. However, we shall remain cautious and wait for confirmation today because we are not in the business of picking out bottoms.

Stellar Lumens (XLM) Technical Analysis

Our mid-range support stood at 27 cents. These are approximation guys and from yesterday’s price action, we may see Stellar Lumens bulls adding on to their longs today. Well, all price action seems to be taking place in the 4HR chart. Here we can see higher highs and rejection of sell pressure as than bullish pin bar shows.

That spike in volumes with prices ending up higher and that consequent confirmation of that shift of demand are pointers to Stellar Lumens bulls in action. Because of this, I recommend longs with tight stops at 27 cents. On the other hand, risk-on trades can wait for breaches above 30 cents to trade in line with yesterday’s trade plan.

Tron (TRX) Technical Analysis

Undoubtedly, the FX market is one of the largest in the world and that’s where Tron wants its coin to trend at. To do this, they are partnering with Shift Market, a platform that provides different front and back end solutions for entities seeking to open brokerage services. It has helped more than 100 new brokerage firms launch their services in different countries.

TRON Foundation Announces Partnership with Shift Marketshttps://t.co/JZ31qmGgDh#Crypto #TRON #TRX

— Shift Markets (@shiftmarkets) June 4, 2018

With this announcement, TRX shall be available in nine exchanges spread across the world. Indeed, after its actualization, this partnership will play a key role in bridging crypto and fiat trading making the former prominent.

On to the charts now and the bearish shadow of May 28 still plays a critical role in price action. Mind you, prices are still moving within a tight 2.5 cents consolidation whose lows is at 5.5 cents. Now, taking trades in lower time frames is risky and before we settle on buys—of which it is likely—we must see what market participants have in store. All we need is a break out and before that happens, we should remain neutral and just watch price action.

IOTA (IOT) Technical Analysis

It’s all about effort versus results in IOTA’s daily chart. Evidently, prices are moving lower all this at the backdrop of Qubic announcement. It’s exciting for IOTA supporters and that should translate to prices but that is not the case.

I remain bullish and for buyers to be in charge today then we must see a reaction at our minor support at $1.6 and higher highs in 4HR charts. We shall initiate longs only when there are buyers pushing prices above June 4 highs of $1.8. Before then we are neutral observing the depth of this long covering but risk off traders can begin accumulating at these low prices.

The post IOTA, Tron, EOS, Litecoin and Stellar Lumens Technical Analysis (June 6, 2018) appeared first on NewsBTC.

Belgium’s government has launched a website to warn crypto investors about scams and potential risks

The DataBroker DAO team have been pondering the next steps for the company, extending their token event to the 30th June, 2018 and for every DTX purchased, participants will now receive a bonus token, with the extra tokens being locked away for a 3 month period.

The DataBroker DAO platform has undergone many positive changes since its inception, as well as opening up a wide scope of vision for the project. As new opportunities have presented themselves, and so DataBroker DAO is more than pleased to reveal these new exciting details to everyone involved.

Token Sale Extension and Token Distribution Doubled

The DTX token sale period was coming to a close, and the community put forward several questions on the DataBroker Telegram, regarding whether or not unpurchased DTX tokens would be burned or not.

DataBroker came to a solid conclusion that the best and most fair solution for the community would be to continue to distribute them to the participants. For everyone that already has and will go on to participate in the DTX token sale, one it has concluded, users automatically receive an extra token for each one purchased in the token event. This naturally increases the base rate of 4000 DTX per 1 ETH to 8000 DTX, subject t a 3 month lock-up period.

DataBroker DAO Traveling To China

The DataBroker DAO team are planning to travel to china on what is expected to be a strategic and important trip for the company. DataBroker DAO will be postponing listing DTX on the CoinFalcon exchange until this extended period has drawn to a close. In the meantime, DataBroker DAO is in the process of having the DTX token listed on reputable Chinese exchange.

As the company is heading to China for two weeks, visiting Beijing and Shanghai with two additional cities in consideration; the goal of which is to introduce the platform to the Chinese markets and shoot for the 108 Million DTX sale target.

Continued Platform Development

DataBroker DAO is on track to launch the widely anticipated dataset feature that allows data purchases to sell “Processed Datasets” i.e AI, BigData, Aggregation, Enriched Data, and it will become live on the DApp this week. DataBroker DAO wholey believes this extra monetization option can generate waves of bold innovations on an unfathomable scale.

The DataBroker team has also been in talks with external experts to finalize release contracts, as well as implementing   “a bridge between the Ethereum Mainnet with the DTX token, and the Parity based proof of authority network that will run the application.”

DTX Token Sale

As mentioned previously, the token sale for the platforms native token DTX has been extended to June 30th, 2018. The rate of exchange is now 1 ETH per 8000 DTX; this is inclusive of participants who purchased DTX prior to this announcement. 4000 of the tokens earnt per ETH will be subject to a 3 month lock-up period.

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

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

The post DataBroker DAO Announces Double Token Distribution and Sets Sights on China while Extending Token Sale to June 30th 2018 appeared first on BitcoinNews.com.

South Africa’s Central Bank has successfully implemented a Proof-of-Concept for an interbank payment system that tokenizes fiat using an Ethereum-based blockchain