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The Bitcoin Generation – Irish Tech News


Irish Tech News

The Bitcoin Generation
Irish Tech News
Business, government, and society have a big issue: it’s called ‘The Bitcoin Generation’. Bitcoin, blockchain, cryptocurrency, decentralization is more than a technology, it is a global movement! It is a structural change to not only commerce but how


Irish Tech News

The Bitcoin Generation
Irish Tech News
Business, government, and society have a big issue: it's called 'The Bitcoin Generation'. Bitcoin, blockchain, cryptocurrency, decentralization is more than a technology, it is a global movement! It is a structural change to not only commerce but how ...

$7k? Bitcoin Price Looks North After Six-Day High – Coindesk

Coindesk$7k? Bitcoin Price Looks North After Six-Day HighCoindeskDespite the bearish chart setup, bitcoin (BTC) rose to a six-day high on Monday, putting a corrective rally to $7,000 back on the map. The leading cryptocurrency unexpectedly picked up a …


Coindesk

$7k? Bitcoin Price Looks North After Six-Day High
Coindesk
Despite the bearish chart setup, bitcoin (BTC) rose to a six-day high on Monday, putting a corrective rally to $7,000 back on the map. The leading cryptocurrency unexpectedly picked up a bid around $6,450 at 16:00 UTC yesterday and rose to $6,850 – the …

NAGA Founder & Executive Director, Benjamin Bilski: “Cryptocurrency Is the Direct Path to Financial Independence.”

The world still remembers the decade-old global recession that had the whole world reeling in shock. Many people and industries are still recovering today from the impact of poor management and corruption by some of the leading banking institutions. The severity of such an event is directly related to the number of people who are

The post NAGA Founder & Executive Director, Benjamin Bilski: “Cryptocurrency Is the Direct Path to Financial Independence.” appeared first on NewsBTC.

The world still remembers the decade-old global recession that had the whole world reeling in shock. Many people and industries are still recovering today from the impact of poor management and corruption by some of the leading banking institutions. The severity of such an event is directly related to the number of people who are exposed to the banking and financial services, which in the present-day scenario is almost everyone.

The centralized institutions, along with the governments, have created a monopoly over banking and financial services, leaving people with no other way but to entrust their hard-earned money with them. But that doesn’t end here as being customers they are also subject to the whims and fancies of these very institutions when it comes to accessing and spending their own money.

However, things are not going to stay the same thanks to cryptocurrencies. These digital currencies, most of which are peer-to-peer and decentralized, offer a way out for individuals and businesses to break free from the clutches of centralized financial institutions and gain true financial independence. Since the introduction of Bitcoin in 2009, the definition of financial services has gradually changed. The benefits of the underlying blockchain technology of cryptocurrencies have been widely recognized and even the financial institutions are exploring ways to leverage them for their advantage.

Cryptocurrencies are the store of value and can be used like regular currency for the buying and selling of goods and services. It is also an attractive asset that can be traded against other cryptocurrencies. The best part, one doesn’t really need a financial institution to facilitate it. Unlike conventional financial infrastructures, the blockchain provides unprecedented levels of transparency, allowing crypto users to control and track their own funds.

In the past couple of years, a lot of new decentralized fintech services have come up, making banking and financial services accessible to everyone, irrespective of where they are and what they do. Cryptocurrencies have proven themselves to be the solution for the financial inclusion of unbanked and the underbanked. The ease of access and versatile nature of cryptocurrencies and their underlying blockchain technology has gained a strong following from the tech-savvy crowd, and the millennial generation is heavily invested in it. They see cryptocurrencies as a way to attain financial independence and financial liberation at the same time – a view which is being shared increasingly by mainstream investors and traders as well.

Cryptocurrencies generally have a much higher volatility range compared to conventional assets, and the ease of trading one crypto against another and/or fiat on dedicated trading platforms makes them highly profitable. The growing crypto market has acquired plenty of crypto-trading platforms, some of them specialized enough to include crypto-derivatives and futures as investment/trading options. The tokenization of conventional assets using blockchain based smart contracts now makes it possible to offer conventional assets like stocks and commodities as crypto tokens that can be owned and traded just like Bitcoin and other cryptocurrencies.

As cryptocurrencies and its blockchain technology provide endless possibilities, the NAGA platform brings them all onto one place; a single window for all crypto-needs. Powered by the NAGA COIN, the ecosystem includes a multi-currency NAGA WALLET, NAGA TRADER – a social network for trading – and NAGA MARKETS – a licensed brokerage, as well as NAGA VIRTUAL, a safe, fair and modern marketplace for virtual goods. All of these separate platforms are interconnected and make the handling of cryptocurrencies easier than it has ever been before. Users of the NAGA Ecosystem can receive, send, buy, sell and trade cryptocurrencies, trade virtual assets and even convert crypto assets to fiat of their choice in easy steps. The NAGA Ecosystem is an equal opportunity platform and to ensure that everyone benefits from it, the platform also features NAGA ACADEMY which offers education and trading in economics and finance to its users.

naga, naga ecosystem

The Founder and Executive Director of THE NAGA GROUP, Benjamin Bilski, who also happens to be one of the brains behind the NAGA Ecosystem shares his views on, as well as an appreciation for, the changing fintech landscape. Bilski says,

“Current shifts in financial markets towards cryptocurrencies open a new door to fintech developers, such as myself. Every day, new decentralized products are introduced to the market, providing a wider choice and opportunity for personal banking, especially for the younger generations. I am very content that young age groups are shifting from investing and saving in traditional safe haven assets, to new, volatile assets such as cryptocurrencies. However, recent attempts in prohibition and unfair regulation in leading IT countries display an obvious fact – cryptocurrencies are seen as a threat to the banking sector, and a large loss for private institutions, both in profits and client base. The diversification of cryptocurrencies and the expansion of their holders, means a liberation from banking institutions’ control and obligations. This is why I have a strong stance on this matter – cryptocurrencies and blockchain technology are the new, direct path to financial independence.”

The NAGA Ecosystem is designed to ensure financial inclusion for everyone, across various asset classes, products and continents. The platform will be soon launching more innovative products such as NAGA CARD or NAGA WEALTH which will further enhance the interoperability of NAGA’s services with conventional markets and financial systems.  

 

The post NAGA Founder & Executive Director, Benjamin Bilski: “Cryptocurrency Is the Direct Path to Financial Independence.” appeared first on NewsBTC.

$7k? Bitcoin Price Looks North After Six-Day High

Despite the bearish chart setup, bitcoin rose to a six-day high on Monday, putting a corrective rally to $7,000 back on the map

Despite the bearish chart setup, bitcoin rose to a six-day high on Monday, putting a corrective rally to $7,000 back on the map

Crypto Miners Embrace Cheap Power in Europe’s Poorest Country

In Kosovo, Europe’s poorest country, there are few job opportunities for a population of which 50% are under 25 and most adults in the country wish to go abroad to work away from rampant corruption and cronyism. There is at least one positive asset though, cheap electricity. For a select few tech-savvy English speaking entrepreneurs who

The post Crypto Miners Embrace Cheap Power in Europe’s Poorest Country appeared first on NewsBTC.

In Kosovo, Europe’s poorest country, there are few job opportunities for a population of which 50% are under 25 and most adults in the country wish to go abroad to work away from rampant corruption and cronyism. There is at least one positive asset though, cheap electricity. For a select few tech-savvy English speaking entrepreneurs who can pool together enough to invest in a rig, mining cryptocurrency has become a reliable source of income.

EU’s Poorest Country Ideal for Crypto Mining

Cryptocurrency miners are rewarded for the investment of equipment and energy used to contribute to processing the networks blockchain with a digital token, Bitcoin being the most well known. This processing though is energy intensive and is most effectively done by large mining facilities set up in cold climates where electricity is also cheap.

China, Iceland, Russia and Canada have all been profitable regions to mine in the past. But as regulations limiting the legality of mining in China and concerns over excessive electricity consumption in Canada and Iceland have emerged, miners in Kosovo find themselves well placed to turn a profit in crypto. Though the price of Bitcoin is less than half today of what it was in late 2017 it is still possible to double the investment it takes to mine one Bitcoin in Sarajevo.

Possibly because the cost of electricity in Kosovo is the third cheapest in Europe at just 7 Euro cents per kilowatt hour compared to 19 in Britain. Although the cost of the graphics processing units (GPUs) needed to mine coins has gone up sharply, it is still possible to make a comfortable living in the country’s depressed economy.

Serb Miners Refuse to Pay for Electric

One miner who spoke with Reuters news service said that he had partnered with three others in the capital city of Pristina to invest about 60,000 Euros to build a rig of 480 GPUs in a shipping container. The generates about 14,000 Euros monthly, minus electricity costs of around 5,000 and payments against the initial investment, his share is still better than what he was making previously as a software developer.

According to another miner, Jovan Arsic, it is even more profitable in the north of the country where he has been helping to assemble mining rigs since 2015. He said in the north, which is mostly populated by Serbs who don’t recognize the government’s authority miners (or anybody else), they don’t pay for electricity at all, leaving that much more of a profit on the table.

In a country with such a recently troubled past as Kosovo has had, there is bound to be some shady money flowing into an industry that is totally unregulated but with at least half of its 1.8 million population unemployed, crypto mining is a healthy and expanding alternative to seeking work abroad.

 

Image from Shutterstock

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PR: TrueGame Successfully Complete Token Sale: The Evolution of the iGaming Industry

Bitcoin Press Release: Truegame has recently completed their successful token sale, introducing a fully developed, smart contract based iGaming platform to the blockchain. Truegame is set to launch a wide range of iGaming products later this year, the new site is set to offer Casino, Slots, Lottery and, instant-win-games. May 7th, 2018. Costa Rica, San …

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Bitcoin Press Release: Truegame has recently completed their successful token sale, introducing a fully developed, smart contract based iGaming platform to the blockchain. Truegame is set to launch a wide range of iGaming products later this year, the new site is set to offer Casino, Slots, Lottery and, instant-win-games.

May 7th, 2018. Costa Rica, San Jose: The iGaming world could be set to change significantly with the news that pioneering new company Truegame are about to launch a wide range of gaming products based on blockchain technology and smart contracts.

While the practical uses of Blockchain have been discussed at length, one sphere in which they could certainly be put to use is iGaming, as the revolutionary technology behind the blockchain can be used to generate games where there is complete transparency between player and operator by effectively removing any doubts about variable RTP (return to player).

There have been other iGaming/Blockchain projects, however, crucially, Truegame is the first to offer such a variety of games that are actually based on smart contracts, with all results visible on the blockchain open registry.

They are also among the few to have sought out real world gambling industry licenses, with a Curacao license to be soon approved and discussions with other jurisdictions ongoing.

The Truegame Platform

Customers will use Truegames’s token TGAME utility to play on their website and the soon-to-be-launched mobile apps, which will include casino, slots, scratchcards, lottery and instant win games.

Truegame utilizes blockchain technology, the power behind this tech removes any doubts about the operator’s integrity. Truegame will soon be granted a gambling license from Curacao and are in negotiations with other regulatory bodies worldwide.

While the site will include a range of in-house developed games, Truegame is also actively working with a number of leading providers from the iGaming industry as they look to further enhance their product offering.

The project has received wide praise from the Blockchain community, collecting the highest rating possible from ICO trackers and also receiving the backing of Bitcoin.com’s COO, Mate Tokay.

Additionally, the project has attracted unprecedented attention from the iGaming community, with several leading figures from the industry on-board as advisors, including Gluck Games COO and co-founder Arvind Upadhyay, Gamevy CEO and Gluck Games Director Robert Lenzhofer and Andrew Clarke, former Head of Communications at Lottoland and now Head of Communications at The Multigroup.

The next phase in the evolution of the Truegame platform will see them embark on a widespread marketing campaign as they look to claim significant market share.

Dmitry Danilov, CEO of Truegame, said:

“In an age where player protection is under increasing scrutiny and the integrity of some of the world’s biggest gaming operators is under regular question, we saw the huge potential for an iGaming model where there is complete transparency between the player and the ‘house’.

He Added:

“We are the first to launch a working iGaming platform that is based on smart contract technology and we will move fast and work hard to ensure we gain market share in what will become a strong and competitive marketplace in years to come; one that could rival and even eventually surpass the iGaming industry as we currently know it.”

The TGAME Token

The TGAME token is a Utility token used as the means of payment for participating in games on the Truegame platform. Customers require TGAME tokens in order to play on the website.

The token sale held the top position for the highest rating on most ICO trackers, including ICO Bench: 4.8/5 with 96 experts ratings and the ICO Rating Agency who judged it to be “low risk” and gave it a “positive rating”.

Visit the Website: https://www.truegame.io/
Chat on Telegram: https://t.me/truegame_chat
ICO Bench: ICO Bench – Truegame
ICO Rating Agency: ICO Rating Agency – Truegame
Follow on Twitter: https://twitter.com/truegameSRL
Subscribe on Facebook: https://www.facebook.com/truegame.io/
Watch on YouTube: https://www.youtube.com/channel/UC-NLPf7AAn6sFxOiH1GFI4A
Join on Medium: https://medium.com/@truegame/

Media Contact

Contact Name: Liudmila Varavina, Head of Communications at Truegame
Contact Location: St Petersburg, Russia
Contact Email: [email protected]
Contact Phone: +7 (931) 583-73-58

TrueGame 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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GDPR and DLT: Whose data is it?

The introduction of the General Data Protection Regulation in Europe raises some critical questions about Distributed Ledger Technology. At the top of the list: Does GDPR really apply to DLT, and is it even enforceable?

The introduction of the General Data Protection Regulation in Europe raises some critical questions about Distributed Ledger Technology. At the top of the list: Does GDPR really apply to DLT, and is it even enforceable?

UBS CEO Says Blockchain is Crucial, Disruptive

Sergio Ermotti, the CEO of the multinational financial giant UBS which is based in Switzerland, said in an interview with CNBC that blockchain technology is “definitely an opportunity” in the long term, and it’s “almost a must” for a financial company like UBS to explore and implement blockchain technology. Ermotti believes blockchain to be as …

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Sergio Ermotti, the CEO of the multinational financial giant UBS which is based in Switzerland, said in an interview with CNBC that blockchain technology is “definitely an opportunity” in the long term, and it’s “almost a must” for a financial company like UBS to explore and implement blockchain technology.

Ermotti believes blockchain to be as “crucial and disruptive” as regulations were a decade ago, saying blockchain technology reduces costs since it is more efficient than older versions of financial technology. The savings generated by blockchain technology could give UBS an edge over other institutions; he says UBS is under pressure as always to keep service costs down to stay relevant.

UBS is the 11th largest bank in Europe with USD 3.2 trillion of assets in its custody and a market cap of USD 64.5 billion, and annual profits of USD 7.7 billion. USD 2.8 trillion of the assets it holds for clients are investments. UBS has a high level of brand loyalty due to its huge amount of capital, security, and reputation for discretion.

Indeed, UBS is known as a haven for storing money offshore to avoid taxes. It is perhaps no surprise that it is looking into and using cryptographically secure blockchain technology considering its reputation. UBS has been under investigation by Israel, the United States, France, Germany, and Belgium for facilitating tax avoidance. Therefore, it is crucial for UBS to keep its operations completely secure and encrypted to avoid international meddling, and cryptographic blockchain technology can provide that security.

UBS is already using blockchain technology for financial services by partnering with computer giant IBM to create Batavia, which has successfully facilitated cross-border transactions between corporations using blockchain smart contracts.

It is positive news for the blockchain community that UBS, one of the largest banks in the world, is using blockchain technology and its CEO is speaking so positively about it. This is another sign that blockchain technology is becoming integral to the global financial system.

 

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Bitcoin Price Watch: BTC/USD Could Surpass $7,000

Key Points Bitcoin price formed a support base above $6,300 and recovered higher against the US Dollar. There was a break above yesterday’s highlighted crucial bearish trend line with resistance at $6,480 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is now placed nicely above the $6,500 resistance level,

The post Bitcoin Price Watch: BTC/USD Could Surpass $7,000 appeared first on NewsBTC.

Key Points

  • Bitcoin price formed a support base above $6,300 and recovered higher against the US Dollar.
  • There was a break above yesterday’s highlighted crucial bearish trend line with resistance at $6,480 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is now placed nicely above the $6,500 resistance level, which is a positive sign.

Bitcoin price jumped above the $6,500 barrier against the US Dollar. BTC/USD may continue to gain upside momentum above the $6,800 level in the near term.

Bitcoin Price Analysis

There was a solid support formed above the $6,300 level in bitcoin price against the US Dollar. The BTC/USD pair started a key upside move and settled above the $6,500 resistance zone. There was even a close above the $6,500 level and the 100 hourly simple moving average. It opened the gates for more gains and the price moved into a positive zone above the $6,600 level.

During the upside move, there was a break above yesterday’s highlighted crucial bearish trend line with resistance at $6,480 on the hourly chart of the BTC/USD pair. The pair even spiked above the $6,800 level and a high was formed at $6,808. At the moment, the price is correcting lower from $6,800 swing high. It is testing the 23.6% Fib retracement level of the last leg from the $6,328 low to $6,808 high. There may be a downside push below $6,680, but there are many supports on the way down. The most important support is the 50% Fib retracement level of the last leg from the $6,328 low to $6,808 high at $6,568.

Bitcoin Price Analysis BTC USD

Looking at the chart, the price is trading above $6,600 with a bullish formation. If there is a downside correction, it can be considered as a buying opportunity as long as BTC is above $6,500.

Looking at the technical indicators:

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

Hourly RSI (Relative Strength Index) – The RSI is moving lower towards the 60 level.

Major Support Level – $6,568

Major Resistance Level – $6,800

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World’s Smallest States Attracting Biggest Players in Blockchain

Blockchain technology, which is the backbone to everything crypto and the key to decentralization, has the potential to be implemented in almost every existing industry to enhance security, information sharing, and transparency. Innovators in the tech sector predict its effects will be as far reaching as the development of the internet itself, yet the countries that

The post World’s Smallest States Attracting Biggest Players in Blockchain appeared first on NewsBTC.

Blockchain technology, which is the backbone to everything crypto and the key to decentralization, has the potential to be implemented in almost every existing industry to enhance security, information sharing, and transparency. Innovators in the tech sector predict its effects will be as far reaching as the development of the internet itself, yet the countries that would seem the obvious choices to embrace and develop the technology, US, UK, Japan, Korea are hindering its progress with regulatory red tape leaving some of the world’s smallest, autonomous regions open to welcome cutting-edge tech companies.

Blockchain Companies Flocking to the World’s Smallest States

City-states with small populations and limited industries see tech companies with major financial backing as a path to future economic growth. While the tech companies get the kind of access to legislators and regulators that would be impossible to reach in countries like the US or Japan.

For instance, the tiny, mountainous micro-state of San Marino has gone into business with Estonian backed Polybius to create a ground-up ecosystem for blockchain innovation. In exchange for the company’s financial investment, the government has given them complete support. Sergio Mottola, executive chairman of San Marino Innovation, was quoted in the BanklessTimes saying,

“The Government of the Republic is willing to take the lead on this transformation and is superbly placed to promote digital innovation through the constitution of a forward-looking legislation and jurisdiction to favor the growing blockchain infrastructure.”

Gibraltar, which already has links to two industries expected to be substantially affected by blockchain, financial services, and online gaming, is well suited for fintech companies to move in. The country is already home to multiple financial institutions familiar with anti-money laundering (AML) and know your customer (KYC) requirements that are becoming de rigor in the cryptocurrency space.

Micro-States Offer Best Incentives to Blockchain Startups

Among this group of ancient states, Malta far and away has opened itself up to companies seeking a safe haven from regulatory restrictions in their home countries. This is in at least partly due to the vision of Prime Minister Dr. Joseph Muscat who is a dedicated believer in the transformative potential of blockchain and cryptocurrency.

Regulatory foot-dragging by countries in Europe and Asia have allowed Malta, and now Jersey, to attract major companies like Binance to set up on their shores where they also enjoy some of the lowest tax rates in the world- around 5%. The Prime Minister expressed his belief in the future of the technology in a speech he delivered in March saying;

“Have any of you ever thought about what gives paper money its value when it’s ultimately just pieces of paper? It is because society attributes value to it. Now some people, who in my opinion are geniuses, are arguing that that value can similarly be attributed to virtual currencies. I have no doubt that it will form the base of a new economy in the future.”

 

Image from Shutterstock

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NewsBTC In-Conversation with Genesis Vision CEO Dmitry Nazarov

NewsBTC recently got the opportunity to interact with Dmitry Nazarov, the Chief Executive Office of Genesis Vision. Excerpts: NewsBTC: What is Genesis Vision all about? Dmitry Nazarov: First off, Genesis Vision is an asset management platform, that uniquely unites all of the market participants into a single ecosystem. If we were to describe what our

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NewsBTC recently got the opportunity to interact with Dmitry Nazarov, the Chief Executive Office of Genesis Vision. Excerpts:

NewsBTC: What is Genesis Vision all about?

Dmitry Nazarov: First off, Genesis Vision is an asset management platform, that uniquely unites all of the market participants into a single ecosystem.

If we were to describe what our platform is about; in broader terms, it would sound like this – we believe that we’re creating a universal marketplace for people willing to monetize their trading skills, as well as investors, seeking a passive income. It’s an open market of money-makers, so to speak. Just like Craigslist or eBay created services, that connected people willing to buy with people willing to sell, we are creating a service that would allow investors, who don’t have the necessary skill or knowledge to carry out trading operations, to invest funds into skilled fund managers, all backed up by blockchain and smart contracts.

A basic premise in the theory of evolution is that species must adapt to a changing environment in order to survive. This holds true for companies as well as flora and fauna. We believe that we are creating the next logical step in the evolution of the asset management industry.

What benefits can traders and investors get from Genesis Vision?

We are creating a 360-degree solution that benefits all of the market participants.

Benefits for investors, except for obvious examples like passive income, include complete transparency, and an internal exchange, which gives an investor a level of control over their funds within the framework of an asset management module.

We seek to offer our investors not only everything, that a regular existing PAMM would offer, but more. Not only a skilled fund manager of your choice operating your funds but to also have the transparency and integrity, associated with the nature of blockchain technology.

As for managers, everything is quite simple as well. Apart from more funds to manage, which inevitably leads to more income, managers can monetize their skillset, using our platform, and receive income both from more funds under management, as well as in managerial fees.

But that is far from it since you could have already gotten that from a regular asset manager.

The most important benefit that we see for our managers is the fact, that only their skill speaks for them. You don’t need to care about the marketing, you don’t need to care about a website, staff, reputation, anything. The only thing you need to care about is your consistent good results. In a fair and open market, your figures will do the talking.

Are exchanges interested in joining Genesis Vision? If yes, can you name them? If no, what’s your approach towards adding them?

A simple answer would be yes, but unfortunately, we cannot yet disclose any particular names, due to NDA. But why wouldn’t they want to join?

Our system does not jeopardize their own clientele. It does not tarnish their brand. All they receive is the increase in trading volumes, the most advanced PAMM system, integrity from the third-party verification of their trading practices, as well as a bit of exposure. It is the true definition of a “win-win situation” in our book.

As for the approach that we choose towards adding new brokerages and exchanges, it always stays the same. We want to develop a product, that will attract them like a magnet. We don’t need to have a headache over the approach, as long as we develop the platform equivalent of the “offer you can’t refuse”.

What about your new project Genesis Markets? How will it change the crypto trading market?

Genesis Markets is a crypto broker and it’s one of a kind, the first of its kind in fact!  It is not only the first crypto broker to introduce altcoin trading using the most advanced and eminent trading terminal MetaTrader 5, that is the choice of millions of conventional traders all over the world, but it will also use the aggregation of order books and trading instruments from different exchanges, connected to the broker.

You all know, that crypto exchanges have a specific roster of cryptocurrencies, that changes with every exchange. You all know the headache of transferring your coin stacks from one exchange to another, just because your token of choice is not being traded on your current one.

And you definitely know the struggle of selling a big stack of coins on a relatively small exchange, that lacks liquidity.

Well, with the help of aggregation, Genesis Markets solves all of this. All of the coins and tokens, as well as order books from multiple exchanges, are united, merged and accessible from one single destination – the Genesis Markets crypto broker.

You speak about the use of blockchain and smart contracts. How exactly are you implementing them within Genesis Vision? Also, why are they needed to be integrated into the first place?

Blockchain and smart contracts are the backbones of Genesis Vision. We firmly believe that the integration of these technologies within the FinTech industry is the most felicitous choice.

Simply, it just works.

We use the IPFS protocol to record the trading history of all of our managers. This way we provide all of the necessary tools for our investors, to ensure they can carry out their own due diligence. Smart contracts are used for the distribution of profit, which makes the process automated and does not change the trading process of the manager in any significant manner.

Back to the question of the necessity of these technologies. Blockchain gives us, and most importantly our investors the desired transparency, which the conventional asset management module so desperately lacks into days world.

How does a novice differentiate between a good trading strategy and a bad trading strategy? What if the experienced traders we hire – pardon my French – fuck up?

Yes, that can and will happen from time to time, there is no denying that. But think of our platform as your classic exchange, but rather than goods, you invest in people. Some of the companies you have invested in will flop and go bankrupt, while others will show you multiple digits of profit.

The same logic applies here – there will be good and bad managers, and the free open market will decide which ones are which. But nothing stops you from differentiating your investment, hedging yourself from the possible risks.

One more thing you should also take into consideration is the planned introduction of the internal exchange. It’s a place, where our investors will be able to purchase and trade the manager tokens. This will give our investors an additional leverage, where they will be able to sell manager tokens to recuperate some of the losses, or even gain significant profit.

For differentiating a good investment program from a bad one, we have different levels of analysis, depending on the investor’s experience. Starting from the levels of the program, ending with complete statistics on transactions in the blockchain. Absolute profit figures, graphs, levels and overall rating among all managers will be easy to grasp, even for a novice!

How does your platform fare in terms of regulations? Are you only crypto-based or is there scope for fiat-conversions?

Unfortunately, it is too early to talk about this, both due to NDA and the current crypto climate. One thing we can say for sure is that we are planning a fiat gateway, and we’ve been in negotiations for quite a long time now.

So even though we can’t provide our investors with any certain ETA at the moment, we are sure that it will eventually be possible to enter Genesis Vision using fiat currencies.

As for the regulation, it is definitely a question of huge importance, not only for our investors and clients but mainly for brokers, exchanges, banks and other miscellaneous companies we will be working with or in tandem with each other. They require the highest standards of regulation and licenses, and we will be able to provide them with anything that is required for a full-fledged and profitable cooperation.

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Central Banks Will Jump-Start the Decentralization of Money

While the thought may disappoint cypherpunks, the first step of a transition toward a true “money of the people” will be implemented by central banks.

While the thought may disappoint cypherpunks, the first step of a transition toward a true “money of the people” will be implemented by central banks.

Ethereum Classic Price Analysis: ETC/USD Gaining Momentum

Key Highlights Ethereum classic price is slowly moving higher and is currently above $14.50 against the US dollar. There is a major bullish trend line formed with support near $14.40 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is in an uptrend and it may perhaps continue to move

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Key Highlights

  • Ethereum classic price is slowly moving higher and is currently above $14.50 against the US dollar.
  • There is a major bullish trend line formed with support near $14.40 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
  • The pair is in an uptrend and it may perhaps continue to move above the $15.60 and $15.80 resistances.

Ethereum classic price is placed in a bullish zone against the US Dollar and Bitcoin. ETC/USD may soon break the $15.60 resistance for more gains in the near term.

Ethereum Classic Price Trend

There was a decent upward move initiated from the $12.50 swing low in ETC price against the US dollar. The ETC/USD pair moved higher and traded above the $13.50 and $14.00 resistance levels. There was also a break above the $14.50 barrier and the 100 hourly simple moving average. More importantly, there was a break above the 50% Fib retracement level of the last drop from the $16.50 high to $13.05 low.

The price is now placed nicely above the $15.00 level and the 100 hourly SMA. On the upside, there is a major barrier awaits near $15.60. A break above the stated barrier could push the price towards the next key resistance at $16.20-30. An intermediate resistance is at $16.00. At the moment, the price is correcting lower from the $15.50 high. It tested the 38.2% Fib retracement level of the last wave from the $14.01 low to $15.50 high. There is also a major bullish trend line formed with support near $14.40 on the hourly chart of the ETC/USD pair.

Ethereum Classic Price Analysis ETC USD

The chart suggests that the price remains well supported above the $14.50 level. On the upside, a break above $15.60 is needed for more gains in the near term.

Hourly MACD – The MACD for ETC/USD is still in the bullish zone.

Hourly RSI – The RSI for ETC/USD is placed nicely around the 60 level with positive signs.

Major Support Level – $14.50

Major Resistance Level – $15.60

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