Day: July 5, 2018

Bitcoin Press Release: MinexSystems has proudly announced its MinexPay debit card  pre-order. The blockchain solutions company offers the easiest and fastest way to make everyday purchases with Crypto debit card.

29 June 2018, Kyiv, Ukraine – MinexSystems, a blockchain solutions company that has developed products such as Minexcoin and MinexBank, officially announced the pre-order for their MinexPay debit card .

Cryptocurrencies have started to occupy a more significant place in the world and it will not be long before in any store, whether it’s a huge supermarket or a small point of sale, we will be able to pay using not the usual dollar, euro or ruble, but your own cryptocurrencies. As the crypto community grows, the demand for tools that would allow the use of cryptos in the everyday life is increasing rapidly.

Payment cards are one of the most convenient ways of making day to day purchases. Some of those purchases, take e-commerce, can be made only via cards. Indeed, according to statistics, more than a third of all payments made involve cards.

Regarding cryptocurrency payment methods, a number of solutions exist on the market, however, none of them provides an adequate answer. MinexSystems is therefore proud to have designed a unique and innovative working solution to this problem.

Indeed, MinexSystems`s product offers a new level of freedom for users within the cryptocurrency industry. Using MinexPay, cardholders be able to make purchases easily, worldwide and with reduced fees. The main advantages of MinexPay are summarized hereafter :

• Borderless: Worldwide payment with MinexPay card wherever VISA is supported (Visa card is accepted in more than 200 countries, 40 million retail outlets and 2.5 million ATMs for withdrawing cash).
• Ease of use: The process required for exchange is already taken care of. Who said a crypto card has to be complicated, right?
• No disruption of service: Funds are available at any time using the mobile application or the website.
• Real-time governance: The current balance, displayed in the currency the card has been issued with, constantly updated, allows to choose the right currency to spend.
• Low service fees: In comparison with other cryptocurrency cards, MinexPay offers reduced service fees (from 0%), as well as up to 1% cashback.

STANDARD

Price: 2 MNX, no required balance

• 2% ATM withdrawal fee for MNX, 4% for other cryptos
• 1% Point of sale terminal fees for MNX, 2% for other cryptos
• 200 daily withdrawal limit, 2000 monthly (equivalent in USD)
• 80% overdraft limit
• 0% replenishment fees for MNX

GOLD  

Price: 5 MNX, required balance: 50 MNX

• 1% ATM withdrawal fee for MNX,  2% for other cryptos
• 0% Point of sale terminals for MNX, 1% for other cryptos
• 1000 daily withdrawal limit, 5000 monthly (equivalent in USD)
• 90% overdraft limit
• 0% replenishment fees for MNX

PLATINUM

Price: 10 MNX, required balance: 200 MNX

• 0.5% ATM withdrawal fee for MNX, 2% for other cryptos
• 0% Point of sale terminals for MNX, 1% for other cryptos
• 5000 daily withdrawal limit, 100000 monthly (equivalent in USD)
• 95% overdraft limit
• 0% replenishment fees for MNX

The Platinum card has 0.5% cashback.

INFINITE

Price: 100 MNX, required balance: 1000 MNX

• 0% ATM withdrawal fee for MNX, 1% for other cryptos
• 0% Point of sale terminals for MNX, 0% for other cryptos
• 20000 daily withdrawal limit, 600000 monthly (equivalent in USD)
• 98% overdraft limit
• 0% replenishment fees for MNX

Infinite cards have 1% cashback.

Ordering the Minexpay card will be available on the 30th of June on the MinexPay web page. The countdown has already started and a sizeable demand is expected for the first convenient and working crypto card. Will you be among the firsts to order your MinexPay card?

ORDER YOUR CARD HERE

For more information, visit the Minexcoin website at – www.minexcoin.com
Connect on Telegram – https://t.me/minexcoin
Minexcoin on Medium – https://medium.com/minecoin-blog
Check out Minexcoin on Github – https://github.com/minexcoin/minexcoin

Media Contact
Contact Name: Liudmyla Tovstenko
Email: [email protected]
Location: Kyiv, Ukraine

Minexsystem 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. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high-risk tolerance. Only participate in a token event with what you can afford to lose. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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The post PR: MinexPay: Pay with crypto instantly anywhere! The easiest and fastest way to make everyday purchases with Crypto debit card! appeared first on BitcoinNews.com.

MakerDAO is partnering with TradeShift to test how its stablecoin DAI can help to speed up the payment process for small businesses.

Key Highlights

• Ripple price failed to hold an important support at $0.4750 and declined against the US dollar.
• Yesterday’s highlighted important bullish trend line was breached with support at $0.4850 on the hourly chart of the XRP/USD pair (data source from Kraken).
• The pair is now trading in a bearish zone and it could decline further towards the $0.4500 support.

Ripple price is under selling pressure against the US Dollar and Bitcoin. XRP/USD may perhaps extend the current decline towards the $0.4550 and $0.4500 supports.

Ripple Price Decline

Yesterday, there was a rejection noted around the $0.5050 resistance in Ripple price against the US Dollar. The XRP/USD pair started a downside move and broke the $0.5000 support area. There was a close below the 50% Fib retracement level of the last wave from the $0.4522 low to $0.5195 high. It opened the doors for more losses and the price settled below the $0.4900 level.

More importantly, yesterday’s highlighted important bullish trend line was breached with support at $0.4850 on the hourly chart of the XRP/USD pair. The pair broke a crucial support at $0.4750 and settled below the 100 hourly simple moving average. It is currently testing the 76.4% Fib retracement level of the last wave from the $0.4522 low to $0.5195 high. If there is a break below $0.4650, the price may perhaps accelerate declines towards the $0.4550 and $0.4500 support levels. An immediate support is at $0.4600, which is a short term buy zone.

Looking at the chart, the price is clearly under pressure below $0.4800 and $0.4750. If it corrects higher, the previous supports at $0.4750 and $0.4800 are likely to act as resistances. Only a close above $0.4850 could push the price back in a positive zone.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is now placed in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now well below the 50 level.

Major Support Level – $0.4550

Major Resistance Level – $0.4800

The post Ripple Price Analysis: XRP/USD Broke Key Support appeared first on NewsBTC.

Chinese bitcoin mining giant Bitmain has reportedly closed a Series B round funding, which values the firm at approximately $12 billion. 

Venezuela’s economy has been breaking down for months, if not years, with its currency inflating unsustainably. This has lead users to seek ways other than the Venezuelan Bolivar to transfer value, with cryptocurrencies, like Nano, quickly becoming an alternative currency.

Users Donate $600 In Nano To Life-Changing Results

On Sunday, a Venezuelan Reddit user with the username ‘Windows7733’ made a post chronicling a cryptocurrency donation, albeit small, that he received.

The Reddit user wrote:

I got it (0.5 Nano) from someone who helped me in my current situation, currently living in Venezuela. 0.5 nano is almost one entire monthly salary in my country. It’s more than I made last month. I’ve been doing a quick research into this cryptocurrency and it fits very well for my entire country, I’m going to read more about this and hopefully I’ll tell about nano to friends who would want to use it.

For those who are unaware, Nano is a cryptocurrency that touts instant and zero-fee transactions, making an ideal candidate for an alternative currency. At first, this post was met with a smidge of skepticism. But as the post quickly skyrocketed, the user posted a Venezuelan passport to bring clarity to the situation. 

‘Windows7733’ was prompted to post his Nano address after receiving overwhelming support and admiration from users of the /r/nanocurrency subreddit. Once posted, the user’s Nano wallet quickly racked up over 230 Nano from over 50 users, with the donations valued at approximately $600 U.S. at the time of writing.

Although $600 may not seem like life-changing money for some U.S. citizens, in Venezuela, $600 goes further than you can imagine. The user addressed this as he updated the original post, seemingly shocked at the level of support that was received.

He wrote:

Thank you so much guys for your help. I never expected this to go like this. It really moves my heart for your genorosity. Not only I will buy food for me and my relatives but also I will help others with that money, especially some neighbours needing antibiotics they can’t afford.

After the post, the user went silent for a couple of days, leaving some to wonder where Windows7733 went. However, four days after the first post, the Venezuelan user issued a follow-up post, clarifying where he disappeared to.

The user noted, “first of all, I apologize for not being around here lately. I’ve been busy working and preparing everything to start sending food to neighbors and other communities as I told before.”

Windows7733 went on to explain what he spent the Nano on, writing that he purchased 102 kilograms of food using 29 Nano ($77) to ‘pay it forward’, offering food and financial support to relatives, friends, and neighbors.

He then went on to reiterate his undying thanks to the community who changed his life for the better, as he wrote:

Thank you so much. I can’t express in words how I’m feeling today. It’s amazing what this Reddit community is doing for my family, my neighbors, and all these people in need. NANO could change their lives and I will help them to know and use NANO. This is already improving and changing their lives for the better!

Venezuela’s Suffering Economy: Are Cryptos A Fix? 

Cryptocurrency adoption in Venezuela has skyrocketed amidst a suffering economy, with Business Insider reporting that annual inflation has hit 40,000%. This staggering level of inflation has all but devalued the Bolivar, making it nothing but a cumbersome paperweight.

Some have begun to compare this currency crisis with Zimbabwae’s, which saw a similar move away from the local currencies to assets like the U.S. dollar, Euros and gold.

In February, when Mike Novogratz addressed the hyperinflation in Venezuela, saying:

The idea of trusting a centralized authority is breaking down…. And it is not just the United States, look at places like Venezuela where the currency became ‘toilet paper.’

Many have begun to suffer under the declining economy, with a university report finding that over 90% of all civilians were living in poverty.  The citizens of the Central American country, like Windows7733, have begun to turn to cryptocurrencies as an alternative mode of value transfer, throwing aside the worthless, yet government-issued Bolivar.

Many cryptocurrency proponents believe that cryptocurrencies will begin to replace fiat currencies, with Venezuela’s economic situation showing how indispensable cryptocurrencies can become.

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The post Nano Community Rushes To The Aid Of Venezuelan User Amidst 40,000% Inflation appeared first on NewsBTC.

Bitcoin Price Key Highlights

• Bitcoin price is still stalling on its potential reversal as it tests another area of interest.
• A new reversal pattern that could turn out to be an inverse head and shoulders appears to be forming.
• In that case, bitcoin price might form a shoulder by dipping back to $6,000 before attempting to break the neckline.

Bitcoin price appears to be creating an inverse head and shoulders reversal pattern on its 4-hour time frame.

Technical Indicators Signals

The 100 SMA is still below the longer-term 200 SMA to suggest that the path of least resistance is to the downside. This means that the downtrend is still more likely to resume than to reverse.

Bitcoin price broke past the 100 SMA dynamic inflection point to reflect a bit of bullish momentum but is still hitting resistance at the 200 SMA dynamic inflection point. If this continues to hold, price could fall back to the lows at $5,800 or the near-term area of interest at $6,200.

If the $6,000 to $6,200 area is able to keep losses at bay, bitcoin price could complete the right shoulder of its inverse head and shoulders pattern. Price could then attempt a break past the neckline at $6,800 to confirm the uptrend.

The chart pattern is approximately $1,000 tall so the resulting rally could be of the same height. For now, though, RSI is moving south so bitcoin price might follow suit while sellers have the upper hand. Stochastic also has room to fall before hitting oversold levels and signaling a return in buying pressure.

BTCUSD Chart from TradingView

Market Factors

Bitcoin price is on track to finish the week on a strongly positive note after a running start this week, month, and quarter. If it’s able to pull this off until the following week, bullish pressure could keep building up as investors return to the market.

So far, there have been no negative reports concerning the industry, although the Supreme Court decision in India led to a slight dip.

The post Bitcoin (BTC) Price Watch: Another Reversal Pattern About to Form? appeared first on NewsBTC.

Key Highlights

• ETH price traded in a range above the $458-460 support zone against the US Dollar.
• Yesterday’s highlighted crucial bullish trend line is intact with support at $458 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair may slowly move higher as long as it is above the $458 support level.

Ethereum price is trading in a range against the US Dollar and Bitcoin. ETH/USD could gain traction if buyers continue to stop declines below $458.

Ethereum Price Support

Recently, there were a couple of swing moves above $455 in ETH price against the US Dollar. The ETH/USD pair tested the $476-480 resistance zone where it faced sellers. It declined and traded towards the $455-460 support area. Buyers were able to protect losses below $458 and the price remains supported. The recent low was $458.29 and the price is currently moving higher.

It is trading above the 23.6% Fib retracement level of the last decline from the $483 high to $458 low. The price is slightly in the bullish zone above $465 and the 100 hourly simple moving average. An initial resistance on the upside is near the $470 level. The next one is the 50% Fib retracement level of the last decline from the $483 high to $458 low at $471. Above this, the price could continue to move higher towards the $478 resistance. A successful break above the $478-480 resistance zone is needed for buyers to gain traction. On the downside, yesterday’s highlighted crucial bullish trend line is intact with support at $458 on the hourly chart of ETH/USD.

Looking at the chart, the price is trading comfortably above the $458 support area. However, it must gain traction above the $478-480 resistance zone to move further higher. Otherwise, there is a risk of a break below the trend line and $455 in the near term.

Hourly MACD – The MACD is slowly moving in the bullish zone.

Hourly RSI – The RSI is currently just above the 50 level.

Major Support Level – $458

Major Resistance Level – $478

The post Ethereum Price Analysis: ETH/USD Consolidating Above $460 appeared first on NewsBTC.

YouTube has become a defendant in the BitConnect class action lawsuit, wherein claimants allege that YouTube was remiss in delisting videos promoting fraudulent behavior

The largest political party in India is accusing the ruling Bharatiya Janta Party (BJP) of being involved in a bitcoin scam to launder money.

Amsterdam-based trading company has moved into crypto markets, despite warnings of a local regulator not to buy and sell digital currency

Technologists unveiled a foundation dedicated to rewriting bitcoin’s underlying tech, giving the long-controversial idea new wings.