Mastodon

Slovenia’s Bitcoin City to Become World’s First Fully Crypto Friendly Lifestyle Center

A former warehouse complex in one of the smallest countries in the EU is now moving towards becoming the first lifestyle center in Europe to totally embrace blockchain and cryptocurrency technologies. Slovenia is Home to Worlds First Crypto Friendly Mall Set in the center of the country’s capital city, Ljubljana, the eponymously named BTC City shopping

The post Slovenia’s Bitcoin City to Become World’s First Fully Crypto Friendly Lifestyle Center appeared first on NewsBTC.

A former warehouse complex in one of the smallest countries in the EU is now moving towards becoming the first lifestyle center in Europe to totally embrace blockchain and cryptocurrency technologies.

Slovenia is Home to Worlds First Crypto Friendly Mall

Set in the center of the country’s capital city, Ljubljana, the eponymously named BTC City shopping mall will be transformed into a completely Bitcoin-friendly environment where every shop and venture will accept the cryptocurrency and operate via blockchain technology. The 1,558,398 square foot complex which was built in 1954 as a storage and logistics center had become a commercial shopping district by the mid-1990s.

Today it is completely transformed as the largest shopping center in the country boasting over 500 stores as well several travel and tourism ventures including a luxury hotel and casino, a multiplex cinema, a water park and the Crystal Palace office park — home to Slovenia’s tallest building.

Slovenian Prime Minister Miro Cerar recently made a visit to the center where he was offered a cup of coffee purchased by the secretary of state Tadej Slapnik using cryptocurrency. Representatives of BTC City released a statement concerning the Prime Minister’s visit which read in part;

“The purpose of his visit was to open the Beyond 4.0 international conference, dedicated to digital society and blockchain, and to get acquainted with BTC City’s strategy to become a Bitcoin City,”

BTC Company which owns and manages BTC City wants to see the center become the first of its kind in the world where business partners visitors and consumers interact in a cryptocurrency supportive ecosystem. The company seeks to integrate all state of the art technology into the space using Cryptocurrency and blockchain as well as bringing in artificial intelligence, virtual reality, augmented reality and machine learning.

Attractions Include the Nations Largest Mining Rig

Fintech startup Eligma has created a unique cryptocurrency transaction system for BTC City called Elipay. The system is scheduled to be tested by mid-June but most retailers are already using cryptocurrency point of sale systems. In addition to stores and restaurants accepting cryptocurrency, there will be one-way crypto ATM’s throughout the complex, as well as a blockchain think tank and what executives of the complex call the largest crypto mining rig in Slovenia.

As a kind of mission statement, BTC Company made this statement regarding the overriding goals of BTC city;

“The development of BTC City into a bitcoin city is an important step toward the realization of BTC’s openness-oriented strategy, providing its customers and business partners with both freedom and choices regarding their purchases with new forms of payment.”

 

Image from delo.si

The post Slovenia’s Bitcoin City to Become World’s First Fully Crypto Friendly Lifestyle Center appeared first on NewsBTC.

Cardano Price Analysis: Can ADA/USD Break Past 100 SMA?

Key Highlights ADA price started a nice upside move from the $0.2020 support area against the US Dollar (tethered). There was a break above a major bearish trend line with resistance at $0.2160 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently struggling to move past the $0.2200

The post Cardano Price Analysis: Can ADA/USD Break Past 100 SMA? appeared first on NewsBTC.

Key Highlights

  • ADA price started a nice upside move from the $0.2020 support area against the US Dollar (tethered).
  • There was a break above a major bearish trend line with resistance at $0.2160 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
  • The pair is currently struggling to move past the $0.2200 barrier and the 100 hourly simple moving average.

Cardano price is slightly in the bullish zone against the US Dollar and Bitcoin. ADA/USD must break the $0.2200 resistance and 100 hourly SMA to accelerate gains.

Cardano Price Analysis

After a drop towards the $0.2000 level, ADA price found support against the US Dollar. The price traded as low as $0.2020 and formed a support base for an upside move. It started trading higher and broke the $0.2100 resistance. It also moved above the 23.6% Fib retracement level of the last decline from the $0.2365 high to $0.2024 low with a positive price action.

During the upside, there was a break above a major bearish trend line with resistance at $0.2160 on the hourly chart of the ADA/USD pair. However, the pair struggled to break an important resistance near $0.2200. It represents the 50% Fib retracement level of the last decline from the $0.2365 high to $0.2024 low. More importantly, the 100 hourly simple moving average is positioned near the $0.2200 resistance. Therefore, a break above $0.2200 is must for more gains in the near term.

Cardano Price Analysis ADA USD

The chart indicates that the price is retesting the broken trend line at $0.2140. It remains placed in a bullish zone above $0.2100, but it has to move past $0.2200. If it continues to fail near the $0.2200 level and the 100 hourly SMA, there is a risk of a downside reaction.

Hourly MACD – The MACD for ADA/USD is about to move back in the bearish zone.

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

Major Support Level – $0.2100

Major Resistance Level – $0.2200

The post Cardano Price Analysis: Can ADA/USD Break Past 100 SMA? appeared first on NewsBTC.

Lobbyists cash in on bitcoin – Politico


Politico

Lobbyists cash in on bitcoin
Politico
The latest POLITICO Money podcast explains what’s happening with bitcoin and other cryptocurrencies, including the potential for new federal oversight and congressional scrutiny. POLITICO’s Colin Wilhelm explains how lobbyists are cashing in on the


Politico

Lobbyists cash in on bitcoin
Politico
The latest POLITICO Money podcast explains what's happening with bitcoin and other cryptocurrencies, including the potential for new federal oversight and congressional scrutiny. POLITICO's Colin Wilhelm explains how lobbyists are cashing in on the ...

206.9% Increase in BMX Token Value! BitMart Exchange Debuts on NASDAQ MarketSite

BitMart Exchange, a premier digital asset trading platform with over 400,000 registered users, ran an advertisement in Times Square this week. The ad serves as a testament to BitMart’s determination to expand into the U.S. market following registering as a money services business with U.S. regulators earlier this month. BMX, BitMart‘s own token, has risen

The post 206.9% Increase in BMX Token Value! BitMart Exchange Debuts on NASDAQ MarketSite appeared first on NewsBTC.

BitMart Exchange, a premier digital asset trading platform with over 400,000 registered users, ran an advertisement in Times Square this week. The ad serves as a testament to BitMart’s determination to expand into the U.S. market following registering as a money services business with U.S. regulators earlier this month. BMX, BitMart‘s own token, has risen ~206.90% in the last month-to-date (May 2018).

BitMart’s ad ran on the NASDAQ Tower in the northwest corner of the bottom of Times Square. The NASDAQ Tower is considered the most visible LED video display in Times Square and is one of the most valuable advertising spaces in the world. It is used to celebrate corporate milestones. Advertising BitMart on the display tower signifies that digital asset trading platforms have entered into the mainstream.

BitMart

What is BitMart?
BitMart is a premier digital asset trading platform with more than 400,000 users from over 160 countries. They offer crypto-to-crypto trading for coins and utility tokens only. BitMart has a global team with extensive industry experience from all over the world including the United States, Russia, India, Singapore, Japan and Hong Kong. They currently offer 18 trading pairs for BTC, ETH, USDT, XLM, EOS, VEN, MOBI, ABT, KAN and BMX.

What competitive advantages does BitMart have?

BitMart currently implements a 0% trading fee which is rare compared to other exchanges that offer as many trading pairs as them. Their withdrawal fees are also low by industry standards, plus the registration process is quick and takes seconds. Their trading interface is clean and simple and even allows you to easily bid 25%, 50%, 75%, or 100% of any given asset. Their team of international working professionals includes a strong Marketing team building awareness through 10 social networks and native advertising on NewsBTC, CCN, CoinDesk, and The Merkle;  a Customer Relationship Management team that offers 24/7 multi-language support; a Coin Listing Review team that carefully selects which coins are approved for trading; a  Compliance team that has registered BitMart as a money services business and is approaching registration as an alternative trading system with U.S. regulators; plus a team with multiple years of experience in the blockchain industry.

What are BitMart’s current promotions?

This month, BitMart launched a Millions of Cryptocandy Airdrop. Registered users can claim free BTC, ETH, EOS, and BMX every day by visiting https://www.bitmart.com/candy.html. The airdrop will end June 15th. During this period, BitMart is holding a giveaway on Twitter and instant messaging Apps like Telegram and WhatsApp to promote the event in which participants can receive free BMX tokens.

In an effort to reward users even further, BitMart is also hosting a Vote for Your Coin – Round 2 Campaign to let users vote for their favorite coins to be listed on BitMart Exchange. The winner will be listed without a listing fee. Participants can also vote for free, unlike most campaigns by other exchanges, and have a chance to win free tokens for promoting the coin of their choice on social media.

What is the long-term goal of BitMart?

BitMart’s long-term goal is to become a whole-network trading platform providing one-stop financial solutions for cryptocurrency trading, as well as small business enterprises.

As Sheldon Xia, Founder & CEO of BitMart, stated recently, “I hope BitMart will become a fast and reliable exchange for users trading digital assets, as well as one that brings more innovation to the industry.”


To learn more about BitMart:

Websitehttps://www.bitmart.com
Twitter: https://twitter.com/BitMartExchange
Facebook: https://www.facebook.com/bitmartexchange
LinkedIn: https://www.linkedin.com/company/bitmart
Telegram: https://t.me/BitMartExchange
YouTube:  https://www.youtube.com/c/BitMartExchange
Reddit: https://www.reddit.com/r/bitmartexchange
Medium: https://medium.com/@bitmart.exchange
Steemit: https://steemit.com/@bitmart
Crunchbase: https://www.crunchbase.com/organization/bitmart-exchange
Instagram: https://www.instagram.com/bitmart_exchange

The post 206.9% Increase in BMX Token Value! BitMart Exchange Debuts on NASDAQ MarketSite appeared first on NewsBTC.

Bitcoin Bull Tom Lee Refutes Bearish Sentiment, Predicts Further Gains

Tom Lee is back, with another round of Bitcoin bullishness on-air CNBC’s ‘Fast Money’ segment. PermaBull Tom Lee Appears on CNBC Fast Money On Monday, Tom Lee, long known as a cryptocurrency bull in the space, went on CNBC to dispel bearish sentiment against Bitcoin’s viability and more importantly, its price.  ‘Fast Money’ host, Melissa Lee,

The post Bitcoin Bull Tom Lee Refutes Bearish Sentiment, Predicts Further Gains appeared first on NewsBTC.

Tom Lee is back, with another round of Bitcoin bullishness on-air CNBC’s ‘Fast Money’ segment.

PermaBull Tom Lee Appears on CNBC Fast Money

On Monday, Tom Lee, long known as a cryptocurrency bull in the space, went on CNBC to dispel bearish sentiment against Bitcoin’s viability and more importantly, its price.  ‘Fast Money’ host, Melissa Lee, pointed out that bears held three things against Bitcoin.

Firstly, that the Google search trends for Bitcoin are down, dropping to almost 25% of the levels seen at the start of the year. Many Bitcoin bears believe that this indicator shows that direct investment interest in this cryptocurrency. Although this may be somewhat true, this indicator tells far from the whole story. As well, Tom was quick to point out that the Google Trends indicator was not fully indicative of the price and popularity of Bitcoin:

“Google searches aren’t the leading indicator for Bitcoin, but instead, acts as a ‘coincident indicator,’ and therefore shouldn’t be looked to as some sort of BTC price predictor.”

In this case, this “coincident indicator” means that it moves in correlation with Bitcoin’s price, instead of preemptively signaling the price movement of the popular cryptocurrency. Lee also assured viewers that he believes that traditional institutions are still interested in investing in the space, despite the short-term bear market which the cryptocurrency market has experienced. 

Another point which Bitcoin bears made was that trading volumes have plummeted since last year’s bull run. According to CoinMarketCap, trading volume is down by over 75% since the late December highs seen in the industry.

To help combat this supposed bearish indicator, Lee called the run-up last year a “parabolic blow off.” This essentially means that he thought that the volume seen during late last year was an abnormal figure, and should not be as relevant now. He also compared the daily figures to other volume figures from earlier in 2017;

“Compared to a year ago, (over) the same time (the first 6 months of 2017), Bitcoin volumes are up nine hundred percent.”

This fact affirming that he believes that the volume present in the cryptocurrency trading space is still “healthy.”

Tom Lee Affirms That Bitcoin Will Move In An Upward Direction

Finally, Lee addressed the bearish sentiment that Bitcoin has been struggling to break over the mental and technical barriers in the $10,000 range. To help assist his bullish views on the market, he utilized some research done by his market analysis firm, FundStrat. The Bitcoin bull said specifically:

“Bitcoin makes all of its performance in 10 days, in any year. So I don’t think that the fact that it is at the current levels is going to prevent it from actually rising before the end of the year.”

According to his prior appearances on CNBC segments, Bitcoin’s price movements can be mainly attributed to 10 days throughout a whole year. If you took out those 10 days in any year, Bitcoin would be down an average of 25% in that year. With this data, he made it apparent that he believes that a Bitcoin price surge will occur within the time span of a few days. 

If Bitcoin somehow manages to continue its downward trend, Tom Lee made it clear that he believes that Bitcoin will hold price levels at the cost of mining a single Bitcoin. According to research from his firm, the current cost of mining a Bitcoin sits at an average of $6,000 and if history is any indication, that means Bitcoin should hold at $6,000 if worst comes to worst.

 

Image from Shutterstock

The post Bitcoin Bull Tom Lee Refutes Bearish Sentiment, Predicts Further Gains appeared first on NewsBTC.