Day: June 22, 2018

Blockchain-powered VR content platform, ImmVRse, has reiterated its goal to evolve the Virtual Reality industry through the development of a rewarding and liberating ecosystem for all stakeholders. The London-based platform is an encrypted, interconnected and decentralized VR video-sharing platform, that believes in the latent power of VR content production in a environment created to grow and reward talents.

However, delivering Ultra High Definition (UHD) media content required for immersive VR experiences is not only tasking, but also prohibitively expensive, requiring specialized hardware whose cost of ownership and operation has become a barrier to most budding creators.

ImmVRse is set to eliminate this barrier by significantly raising the rewards for content creators.

Delivering Quality First

Recently, ImmVRse, with the Imperial School of Medicine, London, conducted a research into Ultra High Definition (UHD) and low latency in VR content streaming. The eye-opening research discovered that UHD and low latency were critical to combating the often debilitating motion sickness that often accompanies VR activities. The research was also critical to informing ImmVRse’s development of a hybrid platform enabling the hosting of high-quality data built on cutting-edge infrastructure for faster processing and low latency VR stream delivery.

Well grounded in the fact that high definition and low latency are the backdrop to building  truly enjoyable and immersive environment for users. Its hybrid design and cloud platform will provide a mechanism for high-definition media content delivery, and secured both ownership and usage through the blockchain.  

By storing data and securing all exchanges on the blockchain, both content creators, brands, and advertisers can now transact without needing to establish trust first.

ImmVRse  Partnership

ImmVRse aims to be at the forefront of the VR industry development and as such, has recognized the need to establish key partnerships with like-minded businesses and organizations also looking to deliver solutions on blockchain or in support of. One such organization is IAGON, whom ImmVRse has recently minted a strategic partnership with.

IAGON is a leading provider of AI, cloud computing and storage services. The company not only empowers ImmVRse’s effort to facilitate state-of-the-art storage capabilities for VR content, but has also endowed the development of the project with the highly-skilled expertise of IAGON’s Director of Oracle (EMEA and APAC), Ani Fox Bochenkov. Ani joins ImmVRse board as one of its advisors, enabling the development team to tap into his vast knowledge of  computing, data compliance, and security.

Ani Fox Bochenkov comment:

“ImmVRse represents a prime example of how modern technologies can be utilized within a digital cloud infrastructure. I look forward to working closely with the team to make this a market leading content platform for the future ”

Taking the lead in global VR content sharing in the next decade is the vision informing ImmVRse’s development and the platform welcomes anybody wishing to share in that future by getting whitelisted in its upcoming Pre-Sale.

To learn more visit the Website: https://immvr.se/

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Nick Szabo, who many believe to be Satoshi Nakamoto believe the combination of BTC future uncertainty, political opposition and a host of other crypto competitors precipitates recent volatility. However, as it is he thinks BTC prices would decline until we see stable growth. So, the underlying word here is decline and that’s why we should be selling EOS, Litecoin, Stellar, Tron and IOTA until the effects of USDT wane out.

Volatility in Bitcoin from temporary uncertainty about its future (vs. both political opposition & crypto competitors), not from its supply limit. As these uncertainties decline its volatility will decline until it reflects more the uncertainty in fiat than its own.

— Nick Szabo (@NickSzabo4) June 21, 2018

Let’s have a look at these charts:

EOS Technical Analysis

So in within five days, EOS Emergency Measure of Order protection and their Arbitration body the ECAF (EOS Core Arbitration Forum) led by one Sam Sapoznick who their stand in emergency arbitrator have since directed the network 21 block producers not to process transaction from 34 EOS public address until their individual cases are resolved.

The authorities in EOS just instructed the block producers to censor transactions from 27 accounts with no reasons given.

“the logic and reasoning for this order will be posted at a later date"

ggwp $EOS pic.twitter.com/60yRPqCAvh

— Ferdous ฿hai (@ferdousbhai) June 22, 2018

The resulting outcry, condemnation and praise have been equal and why not? EOS is tagging with in new approach to governance and it’s clear that EOS users have to contend with high network through put with a tinge of centralization courtesy of the new DPoS. This new arrangement means in-case an aggrieved party raise a concern and 15/21 block producers agree that there is irrefutable evidence and attestations supporting the complainant, account suspension would be automatic.

This new governance in combination with the market slide led to a 20 percent slide in the price of EOS in the last 24 hours. It’s also means our sell trades are live following that strong bearish engulfing pattern pushing prices below the main trigger line at $8. As such, our buy projection anchoring on June 14 bullish candlestick is now null and void. The only logical thing to do is to trade with the trend and sell with ideal targets at $4 or $5 on the upper side.

Litecoin (LTC) Technical Analysis

Even if there is more Litecoin listing at different trading platforms, LTC sellers seems unstoppable. Just for perspective, at current prices LTC is trading at its seven months lows and bears look like they won’t stop pressing the gas pedal. At the moment though, those who want to profit from the bears going AWOL, you can now take your shorts at FXChoice.

#Litecoin is now available for deposit and withdrawal at #fxchoice. Happy trading! https://t.co/C8VJM1TeOr pic.twitter.com/ekn9noP5Cq

— FXChoice (@FXChoice_Eng) June 21, 2018

While at it, know that the FED Reserve of St Louis would be tracking the prices of Litecoin and three other high liquid coins on their research database, Federal Reserve Economic Data (FRED). Database update will be daily and it will be reliant on data streams from CoinBase.

Prices of four cryptocurrencies are now in FRED: Bitcoin, Bitcoin Cash, Ethereum and Litecoin https://t.co/sK3vSxKY3P pic.twitter.com/W7f0ZIrHMI

— St. Louis Fed (@stlouisfed) June 22, 2018

Back to the charts now and our sell triggers at $90 have been hit. As it stands, prices are down 12 percent in the last day and judging from momentum, there is room for further downside. I recommend shorting on every high with targets first at $70 and later $50.

Stellar Lumens (XLM) Technical Analysis

Early this month, the New York State Department of Financial Services issued a license to Stellar allowing it to be listed at ItBit. Now, this looked to have been a trigger for more business for Jed McCaleb, the founder of Stellar following their acquisition of Chain in a $500 million deal.

Stellar in talks to acquire blockchain startup Chain https://t.co/ENloEWLAKz

— FORTUNE (@FortuneMagazine) June 20, 2018

Everything would be settled in Lumens, Stellar’s native tokens. Chain is a US company that by design wants to offer Ledger-as-a-Service that different financial institutions can leverage on when creating their products and /services. Visa had used their services sometimes back.

Like the rest of the markets, the slide is across the board. Printing a 13 percent loss in the last 24 hours, sellers are firmly in control. In fact, as it stands, our Stellar Lumens sells are live after that depreciation below 20 cents. Because there is an across the board weakness, selling on pull backs in lower time frames with targets at 15 cents and later 8 cents looks like a solid trade plan.

Tron (TRX) Technical Analysis

Justin Sun and Tron Foundation are active updating their supporters on the progress of their planned mainnet launch. As it stands, already their mainnet launch preview is successful and there is another one on the cards in the next couple of hours. That’s just for a formality and is basically a “walk through”. At the same time, there is a list of exchanges supporting Tron mainnet launch come June 25 and it’s available at the Tron Foundation site.

Exchanges supporting the #TRON Token Migration as of June 22(UTC+8) #TRX $TRX https://t.co/8pb0qZwCmI pic.twitter.com/wRaFtd3K5U

— Justin Sun (@justinsuntron) June 22, 2018

Tron is up one spot to position nine in the liquidity table but is still down 10 percent at the time of press. While it’s clear that TRX prices are still trading within previous trading ranges, sellers are clearly in charge. Unless otherwise, I recommend selling at current prices all thanks to yesterdays bearish engulfing candlestick with targets at 2.5 cents or Q1 2018 lows. Alternatively, conservatives can wait for prices to dip below 4 cents before selling and aligning themselves with the main trend.

IOTA (IOT) Technical Analysis

Straight from our previous previews, IOT is down 14 percent, triggering and simultaneously inching closer to our bear targets at 90 cents. I recommend selling in days to come and more so if there break below 90 cents. In that case, IOTA prices would have broken below 90 cents, the main support line and this year’s lows. As such, sellers should be angling for 65 cents or even Q4 lows of 30 cents.

Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.

The post Nick Szabo: Bitcoin Prices Will Decline Until when there is “Certainty”: EOS, Litecoin, Tron, Stellar Lumens and IOTA Technical Analysis (June 23, 2018) appeared first on NewsBTC.

FOMO Moments

Markets are crashing, altcoins getting hit hardest are EOS, Iota, Ethereum Classic, and Ontology

The selling pressure has gained momentum over the past 24 hours and markets have slid to their lowest levels this year. Total market capitalization has dropped to just over $250 billion which marks the third big dip of 2018. Bitcoin has been hammered losing 7.8% on the day falling back to $6,150 marking its lowest level this year and a price range not seen since October 2017.

Ethereum has fared even worse dropping 8.7% to just over $470. This puts Ether back at a November 2017 price level although it did drop further on April 1, falling below $400 for the first time in five months. Naturally the altcoins have all been battered with many falling by double figures. Ripple’s XRP has dropped below $0.50 equaling the last low in April and matching prices back in mid-December. Bitcoin Cash has lost over 10% on the day falling back to $765, its lowest level since April 6 when it came dangerously close to $600.

EOS has been absolutely mullered today plunging over 16% in 24 hours to $8.50. The much hyped mainnet launch has been riddled with problems and controversy around the token’s centralization. EOS is down 60% from its all-time high of $21.50 on April 29. No news has emerged from the Litecoin camp resulting in a huge slide for LTC shedding over 10% to $85 today. This is the lowest Litecoin has been since its big pump in mid-November and the once hot property in crypto land has fallen from grace.

Lumens is down 9% to $0.20 which marks its lowest level since the end of March however looking at the bigger picture XLM is still looking good for those that got in around October and November last year. Likewise with Cardano which is currently down 8% to $0.14. This is the lowest point for ADA since mid-March when it fell to $0.13.

Tron has lost 7.8% despite a successful mainnet launch. TRX is now trading at $0.044 which is not as low as its dip in March which took the token down to $0.026. Rounding out the top ten is Iota which has now fallen 11% to a dollar. This IoT based altoin has not been this low since November 2017. Neo has also hit a six month low, falling 8.4% on the day to $33.75, a price range not seen since November last year.

Other altcoins taking double digit hits at the moment include Ethereum Classic down 14.2%, Nem shedding 11.2%, Qtum losing 11%, Ontology getting bashed 14.8%, Zcash down 10.3%, Lisk losing a similar amount and Zilliqa getting smashed 14.3% on the day. The only two cryptocurrencies in the green in the top 100 at the moment are Game.com (GTC) up 19.4% and Docademic (MTC) up 5.2%.

Total crypto market capitalization has plummeted 8.9% on the day to $257 billion, the third big dip of 2018. Trade volume however has risen from $11 billion to $17 billion indicating that this could be the bottom. For those that subscribe to buying the dip, now is the time to do it.

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.

The post Cryptos Hit Six Month Low as Bears Pummel the Markets appeared first on NewsBTC.

The Bank of England will rebuild its Real Time Gross Settlement system to interface with platforms using distributed ledger technology

Blockchain startup ICST (Individual Content and Skill Token) from the People-Joy Foundation deliver an ecosystem for the creation, publication, promotion, and trading of individual content and skill.

June 23nd, 2018, Singapore, Malaysia – The boom of blockchain technology has caused many new industries to emerge and thrive; new skills, services, and products that can be distributed through the internet have allowed even the most novice of content creators to make money.

An almost endless list of possibility has emerged, online gaming, YouTube, Social media, independent music production, and blogging are to name but a few of the ways that independent content creators can make a name for themselves. However, despite the rapid growth of independent content and skill sharing, the relatively infantile industries are struggling with some fundamental issues.

Industry Problems and ICST

ICST has taken a look at these issues and is going to apply a unique blockchain solution to the industry as well as further innovations, evolving from the traditional C2B2C (Consumer -Business- Consumer) model and introducing a Consumer -Blockchain- Consumer model.

As much as technology has aided in reducing overhead costs for digital content production and distribution, there is the unfortunate tradition of middlemen, who scoop profit percentages however they can. Intermediaries are becoming obsolete, whilst websites, publishers, distributors etc. provide some level of service for content creators, the commissions they take are hurting the creator, which is stifling creativity and innovation.

Furthermore, clearing an invoice through these intermediaries or even a bank can be an even greater cause for concern, once the content is produced and published, it should be a done deal and the creator should be aptly rewarded for their effort. ICST is stripping away the tedious inefficiencies of present content creation models by applying a blockchain remedy. The benefits of blockchain technology are far-reaching, and the ICST platform will utilize it and a native token to improve global creative content and skill sharing.

Platform Solutions

On the decentralized platform, users will benefit from being able to share their work freely without intermediaries; it also provides them with copyright controls, entitling them to the rewards they deserve for their work. Content creators and sellers connect peer-to-peer on the platform, removing the middlemen and maximizing the capital earned.

The platform’s ecosystem uses Ethereum and smart contract technology, one of the most honest and trustworthy applications of blockchain technology to date, decreasing transaction costs and improving the efficiency of transactions. Content creators also no longer have to host their work across multiple platforms for maximum exposure, ICST allows for those platforms to easily migrate to it, centralizing their content in on a decentralized space.

If personal computers and the internet caused for thriving innovative industries and content creators to thrive thanks to the efficiencies of the technology, then ICST is evolving this empowerment further by utilizing the latest advancement in digital technology, the blockchain.

Learn more on the ICST website – http://icst.io

Read the Whitepaper – http://icst.io/ICST%20White%20Paper%20-%20ENG.pdf

Follow on Twitter – https://twitter.com/ICST_global

Follow on Facebook – https://www.facebook.com/icstoken.global/

Check out the YouTube Channel– https://www.youtube.com/watch?v=MhOXMzKPGAs

Learn more about the ICST on Medium – https://medium.com/@icstglobal  

Media Contact

Contact Name: Jarrett Love

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.

Coinbase is one of the largest cryptocurrency trading platforms to date. It is accessible in many countries and is quickly expanding its presence. Even so, the SEC has received a growing number of complaints regarding this company, which is rather worrisome.

Mounting Complaints About Coinbase

While many people put their faith in the Coinbase trading platform, some users are regretting doing so. As is usually the case when companies become popular overnight, there are things which will need to be improved upon. The company has seemingly done a relatively good job of fortifying its market position.

Even so, there are a growing number of complaints regarding this exchange. Most of those complaints have been filed with the SEC, which has already received over 200 pages of negative comments, documentation, and so forth. That is not a positive development for this particular company, especially given its dominant position in the world of cryptocurrency.

As one would expect, the exchange itself is all too aware of these complaints and has tried to address them whenever possible. However, some of the complaints are quite worrisome in their own right, ranging from people losing money due to platform issues, deposits not being credited, accounts frozen for no reason, and so forth. They are the usual concerns people would expect from any cryptocurrency exchange, to be fair, but the mounting problems shouldn’t be overlooked.

Handling customer funds can be a very difficult process for any company. In the case of Coinbase, it is very unfortunate to see this service seemingly deteriorate as the platform becomes more popular. Even so, all exchanges which have quickly gained traction suffer from such issues, and it seems that situation will not be changing anytime soon. Cryptocurrency exchanges are a pain in the rear to scale, for rather obvious reasons.

Moreover, Coinbase has a bit of a checkered history when it comes to quickly dealing with customer issues. It seems that situation has improved slightly over the past year or so, although there is still plenty of room for improvement. Tackling these issues in a proactive manner has become the new top priority for the firm, and that can only be considered a good thing. Additionally, it seems Coinbase has hired additional customer support staffers.

For the time being, it seems the SEC complaints will not have a direct impact on Coinbase or its users. Although these issues will need to be resolved sooner rather than later, it is evident things will improve gradually. As long as all concerns regarding missing money and frozen accounts are addressed in a professional manner, this will all be a blip on the radar for the company.

The Deputy Prime Minister and Minister of Finance of the Bahamas, Kevin Peter Turnquest, announced at the Bahamas Blockchain and Cryptocurrency Conference that the government would be launching a state-backed cryptocurrency. This will be one of the first state-backed cryptocurrencies ever created.

Deputy Prime Minister Turnquest said, “The production of a modern fully digital payment service is the way forward for this era of governance. A digital Bahamian currency is especially important for the many Family Islands as they have seen many commercial banks downsize and pull out of their communities, leaving them without banking services. As an island nation, where transportation can be an inconvenience for many, especially the elderly, and costly, we must offer financial services digitally and securely.”

The Bahamas is a tropical archipelago east of Florida in the Atlantic Ocean. The gross domestic product (GDP), a measure of the size of the economy, is near USD 9 billion, and the primary fiat currencies in the Bahamas are the USD and Bahamian Dollar (BSD). The BSD is pegged to the USD at a 1:1 ratio, so the reality is the Bahamas does not have a true independent currency. Due to this, there is potential for a state-backed cryptocurrency to become the true native currency of the Bahamas.

As the deputy prime minister says, banking in the Bahamas is relatively difficult since its comprised of many islands. A lot of these islands have low populations, so commercial banks pulled out since it wasn’t profitable, leaving residents without financial services and forcing them to conduct the arduous task of lugging cash by boat between islands. A cryptocurrency would be a secure way to instantly transfer money between islands and would eliminate the need to transport physical cash.

Clearly, the geographic nature of the Bahamas makes it an ideal country to implement cryptocurrency. Combined with the lack of a true native fiat currency, this could result in a state-backed cryptocurrency flourishing across the islands.

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Market analyst predicts Bitcoin to drop to $4,000 prior to a rebound above $10,000 by 2019

Japan’s National Police Agency makes its presence felt as the popularity of cryptocurrency in Japan continues to grow

It was only a matter of time before new futures contracts involving different cryptocurrencies came to market. Contrary to what most people expected, it appears Litecoin futures are of great interest to Crypto Facilities. It is an interesting concept which will bring more attention to one of the older alternative currencies still on the market.

Litecoin Futures Could Be a Game Changer

When Bitcoin futures were first introduced, a lot of people had high expectations of them. On paper, they are a perfect solution to expose institutional investors to cryptocurrencies without having to buy cryptocurrencies directly. It is a system that works well, although it has not become all that popular just yet. Even so, there is no time to stand still in this industry, as innovation remains critical.

UK-based Crypto Facilities has been looking at other ways to introduce new futures products to its customers. The firm has shown a big interest in Ethereum products, and it now seems it will introduce Litecoin futures in a LTC/USD pair as well. It’s an interesting decision, especially given that Litecoin is often overlooked in the cryptocurrency world.

It is also the first time regulated Litecoin-dollar futures have ever come to market. For the cryptocurrency industry, this is rather good news, considering that there is so much more to this industry than just Bitcoin and Ethereum. While the focus on Litecoin may not necessarily make sense to some people, it is still one of the more popular altcoins on the market today.

Crypto Facilities’ CEO Timo Schlaefer commented:

We are excited to be launching futures on Litecoin, one of the most widely traded cryptocurrencies. There has been strong client demand for this product and we believe our LTC-Dollar futures contracts will increase price transparency, liquidity and efficiency in the cryptocurrency markets. As digital assets continue to mature, we expect to see a greater number of institutional investors entering the marketplace.

It is the fourth futures product launched by Crypto Facilities in quick succession. The company first introduced Bitcoin products, followed by similar offerings for Ethereum and Ripple’s XRP. By adding Litecoin to this growing list of supported currencies, it is evident the top cryptos ranked by market cap will continue to be of great interest. Whether or not this will lead to Bitcoin Cash futures as well is a different matter altogether.

All of this goes to show that the cryptocurrency industry will continue to evolve at an accelerated pace. While bringing more exposure to Litecoin may not necessarily have a major impact overnight, it does set an interesting tone for the rest of the cryptocurrency industry. Futures contracts are seemingly here to stay, although their true impact on the industry has yet to be determined. Even so, it is a very positive development for the industry as a whole.

Californian retailer Stephen Silver Fine Jewelry claims that Bitcoin now represents 20% of its jewelry sales, overtaking credit card.

CEO Stephen Silver commented that he integrated Bitcoin as a payments alternative back in 2014 as it was beginning to show signs of popularity, and now claims that it is luxury goods that the cryptocurrency is well suited to:

“Given that Stephen Silver Fine Jewelry is based in Silicon Valley, the cradle of innovation, we’ve been monitoring the development of blockchain technology since 2008. In 2014, we felt it had matured to the point that we could bring the technology into our store.”

Luxury items such as artwork, real estate and jewelry have seen an increase recently in Bitcoin purchases. According to Devtome.com, this is unsurprising, especially when Bitcoin is juxtaposed with credit cards as a payment option. Stores pay fewer fees, and therefore this saving can be passed on to customers, reflected as lower prices or other added benefits, although not all retailers make the generous offer.

Foreign transactions also favor Bitcoin ahead of credit cards as foreign exchange requires an extra payment online when funds are sent to the country of origin, whereas Bitcoin or other cryptocurrencies bypass this fee regardless of the location of the seller, apart for a minimal mining fee.

Property developers and entrepreneurs are beginning to favor Bitcoin payments for similar reasons and it has been reported that Dubai is becoming a popular venue for luxury property purchases, again using Bitcoin. Upon selling a Dubai property recently for USD 327 million for the Bitcoin equivalent, lingerie tycoon turned property investor Michelle Mone was surprised at the rush it caused for other Bitcoin sales:

“We allocated 50 out of 1,300 developments. We’ve sold all out. Some bought ones and twos, and one individual bought ten,” said Mone, who added that company partner Barrowman decided to accept cryptocurrencies because he was frustrated Bitcoin was not being used enough by retailers and businesses.

Earlier this year, Dubai ArtBank announce that it would accept cryptocurrency payments for artwork, hoping that it would make higher returns for collectors and make it easier for buyers to transfer large sums, according to TimeOut Dubai.

Garrick Hileman, an economic historian at the University of Cambridge and the London School of Economics suggested that using Bitcoin for luxury items makes sense as items costing between USD 10,000 and a million dollars can incur massive fees to the tune of up to USD 50,000.

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