A team of researchers has supposedly breached the “unhackable” Bitfi wallet, claiming they have met all three conditions of the bounty program

Bitcoin fell below $6,000 on Tuesday, a decline that brings the price of the world’s largest cryptocurrency to within 2 percent of its 2018 low.

Falling prices have sent the total market capitalization of all cryptocurrencies below $200 billion.

Technical analysis is a must-have tool for many professional crypto asset traders, but the quality of analysis varies widely. In this guide, you will be introduced to the basics of technical analysis and you will discover what to look for when reading chart analysis reports.

All in all, Ethereum (ETH) bears are in charge as the last two week’s price action clearly shows. However, this is happening at the back of good development not only in Ethereum but in the crypto verse. So, while traders will naturally gravitate towards the sell side of the trade, long term holders should cherish this drop and look to ramp up buys when the time is right.

From the News

The allure for quick money is big business especially in these uncharted waters of crypto and as scammers are actively demonstrating, Ethereum is a fast street for big dollar. It’s so serious that these give-a-away scam artists managed to clone Elon Musk’s account and while we don’t know how many took the bait, the ball park could be in the millions.

It is so bad that Vitalik had to change his Twitter handle and including the “Non-giver of Ether” tag as a disclaimer. Luckily though, reports indicate that Adam Guerbuez, a crypto-evangelist cracked up one of these scam artists revealing their millionaire status. Surprisingly the guy said they have been making anywhere between $50 K to $100 K in a single day from “mooches” who want to quickly double their ETH.

Hopefully though, this carefully orchestrated scam would come to an end in days to come. Will we see a blockchain based solution filters that will render their intelligent bot useless as Vitalik earlier suggested or will these bots evolve and outsmart Twitter’s stringent scourge? Time will tell but at the moment, we have a scam artist now millionaire every 10 days.

Privacy centric and anonymous coins often get a bashing mostly from regulators who simply dislike them. The world reigning Secret service think they are “bad” and effective regulations should be in place to rid the market of bad elements taking advantage of these coin’s features to wreak havoc on the society. On the other hand Vitalik thinks ZCash is actually “cool”. And why not? ZCash is one of those coins that might get listed at CoinBase.

Technical Analysis

Weekly Chart

Ethereum Weekly Chart by Trading View

Technically, Ethereum (ETH) is a straight sell and the chart backs that view. First, price action wise, the past two weeks has been good for sellers who not only broke below June 2018 lows at $400 but when ahead breaching the $400 mark. As highlighted before, the $400 acts as our 2018 lows and main sell trigger line according to our last Ethereum (ETH) technical analysis.

However, what stands out beside the obvious bear candlestick is the wide trading range in the last two weeks averaging $85 defining that bear engulfing pattern. Besides, there was a marked increase in trading volume after prices broke below the 40 day consolidation of later June to early August by week ending Aug 5.

If anything, these events spell out our trade direction. As such, our inclination is to sell on pull backs in lower time frame in line with previous ETH trade plans.

Daily Chart

Ethereum Daily Chart by Trading View

As elaborated above, ETH prices are now trading below multi-level supports of $400—June 2018 lows and $350—2018 lows.

That by all accounts hints of strong bear momentum especially when you take into consideration that time taken to execute that break below. It took five trading days for bears to breach those main support lines triggering our sells in the process.

Now, because of that and Aug 10 bear candlestick which closed convincingly below $400, we recommend selling ETH at spot rates with stops at $400 and first targets at $250—around Q4 2017 lows.

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 Ethereum (ETH) Technical Analysis: Scam Artists Minting Millions as ETH Hodlers Suffer appeared first on NewsBTC.

XRP, the world’s third-largest cryptocurrency by market capitalization, fell to its lowest price of 2018 on Tuesday.

BodyOne is the world’s first fitness ecological platform with block chain-based 4.0 and intelligent chip technology, which put forward to implement with fitness scene. “Earning Token on Fit Miner ，Cryptocurrency Mining with cycling” is the true core of the meaning BodyOne established. The users can ride PLAISIR CYCLE as Fit Miner to burn calories that are collected into the database of sharing community via intelligent contract, therefore the Token gained by sweat of the users can be store or trade by themselves. This process creates the new lifestyles, which make health into value transmission and value multiplication and builds a global fitness industry ecological platform. Now, the world’s first Fit Miner t served for Bodyone ecological platform has been developed and tested, which will be launched out to the market on a large scale.

Cryptocurrency Mining with cycling！Fit Miner being an intelligent block chain-based cycle implanted with BodyOne protocol and chip will provide incentives to users by their exercise data. It will distribute the Body Token generated by burning calorie to the whole platform through certain AI algorithm and the weight function, which will help the users to get into an exercise habit to keep fit as a new positive life style.

“Earning Token on Fit Miner” that will get your value doubled! BodyOne ecology consists of the users, the fitness equipment supplier, the fitness service supplier, the coaches，the doctors and other participators. The profit made by the platform ecology is used to award the participation of users and service suppliers according to the ratio. Token will be used as the incentive for their contribution and 80% of the profits made by the platform will be distributed to the platform users on each node in the way of “Earning Token on Fit Miner”. In this way, people will be attracted to help establish this ecological platform and form a new pattern for fitness industry.

Based on the underlying technology of InterValue block chain 4.0, the world’s first large-scaled technology, BodyOne tries to set up the ecological system for fitness industry.

Intervalue made an innovative design — a data mapping mechanism between data on the chain and data off the chain. Based on the new reinforced data structure of DAG and HashNet, as well as the double-layer consensus mechanism of HashNet and BA-VRF, InterValue brings in the senior Turing intelligent protocol triggered by external conditions; meanwhile, depending on Keccak512 algorithm, NTRUSign algorithm, ring signature, anonymous protection mechanism for zero-knowledge-proof transactions, BodyOne has several special performances like fast confirmation, resistant to quantum attack, anonymous communication between nodes, anonymous protection for transactions, senior intelligent protocol and data delivering to chain. What’s more, by a fair distribution mechanism, BodyOne has other functions available, like assets released by a third party, cross-chain communication and multi-chain integration etc.

Major technical innovations:

1. For the underlying P2P network node communication, it well combines with advantages owned by Tor anonymous communication network, block chain-based distributed VPN, by which a unique anonymous P2P communication network was made. Such a design helped to access the nodes in a anonymous way, realize the encrypted communication protocol. In this way, anonymity of nodes existed in the underlying communication network is enhanced so that the communication among nodes will be much more difficult to be traced and decoded.
2. For the underlying data structure, new data structure — reinforced DAG and HN, is used, by which a consensus verification for asynchronous concurrent events is realized. In this way, the system will be more extensible.
3. For the distributed consensus mechanism, a double-layer consensus mechanism which is safe and high efficient is designed. Based on the DAG HashNet consensus and BA-VRF consensus, the distributed consensus mechanism will have a huge concurrent volume and easy to confirm. Therefore, an ecological system which can be used for different scenes can be established.
4. For resistance to quantum attack, new anti-quantum attack code algorithm is used. That is ECDSA signature algorithm is replaced by NTRUsign algorithm, SHA algorithm is replaced by Keccak-512 Hash algorithm, by which threats resulted in by the rapid development and wide popularization of quantum computing will be greatly lowered.
5. For anonymous transaction, combining with the features of encrypted virtual currencies like Monero and ZCash, as well as zero-knowledge proof and ring signature, it designs protection methods for anonymous transactions and privacy, which are more efficient and securer. Therefore, it can satisfy different demands of privacy protection at different scenes.
6. For intelligent contract, declarative non-Turing smart contract and senior Turning smart contract for language Moses are supported. This is good for data visit and asset release by a third party. Therefore, it can be used by actual scenes in the form of public block chain, consortium block chain and private block chain.
7. For cross-chain communication and multi-chain integration, the mode where cross-chain communication and multi-chain integration are existed are changed into a single-layer Overlay by the relay block chain technology. This can not only keep the cross-chain operation independent but also reuse the functions owned by InterValue basic block chain.
8. For industrial application, different kinds of application are supported by developing JSON-RPC general interfaces (circulation payment, data delivery, data search and contract control etc).
9. 

Fig. 1 Key Property Design

The block chain 4.0-based InterValue depended by BodyOne, uses DAG HashNet data structure. HashNet is a kind of DAG, which is made of by directed edge consisting of countless climaxes and connect vertaxes. See Fig. 2.

Fig. 2 HashNet Data Structure

This figure records all the nodes existed in HashNet, about what kind of data is delivered by the node, what time the data is delivered and how the data is delivered. Actually, each node got a HashNet copy.

Fig. 3: Double-layer Gossip-based HashNet Consensus Organization

In HashNet, the nodes are divided into four categories — full node, local full node, light node and micro node. See Fig. 3.

Full node: responsible for maintaining the transaction data existed in HashNet, ensure that the transaction sequence occurred in the HashNet is the same.

Local full node: responsible for maintaining the sub-network transaction data, ensure that transaction sequence occurred in sub-network is the same.

Light node：wallet of light-weight clients. Light node can fulfill the data requirement and delivery by turning to the agent of local full node.

Micro node: the intelligent equipment of internet of things. Micro node can full fill the data requirement and delivery by turning to the agent of local full node.

By the Keccak 512 of SHA-3, an algorithm using the newest design ideology and philosophy owned by many hashing functions and cryptographic algorithm, InterValue can have a simple design and easy to realize the hardware. The algorithm was proposed by  Guido Bertoni, Joan Daemen, Michael Peters and Giles Van Assche in Oct. 2008. Keccak512 uses the standard sponge structure, the input bit at any length can be mapped into an output bit with fixed length. This algorithm can do the calculation very quickly, an average speed of 12.5 cycle per byte if Intel Core 2 processor.

Based on the underlying technology of InterValue block chain 4.0 that is the world’s first million-scaled TPS chain, BodyOne launched out the intelligent chip for fitness equipment such as Fit Miner where BoP protocol is built in. The chip contributes to output the node value by the protocol, which transfers the value of intelligent terminals of protocol by consensus mechanism. The core function includes node authentication, node asset management, service measurement and distribution control and service etc.; and makes the basic design with a special safe chip，which can provide better security for performance and power consumption. Therefore, the chip greatly enhances the reliability and guarantee of shared network.

http://bodyone.io

Telegram：https://t.me/bodyoneglobal

Facebook：https://www.facebook.com/bodyonechain/

[email protected]

Wechat page：bodyonechain

QQ：789650864

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.

The Hong Kong University of Science and Technology Business School has received $20 million in funding for research on payment systems, including those using blockchain tech

LOS ANGELES, CA, August 13 –Leading tech entrepreneur and Apple Co-Founder Steve Wozniak is set to keynote Crypto Invest Summit, the world’s largest blockchain and cryptocurrency investment focused event. Steve Wozniak will lead the event’s impressive line-up of 200 plus speakers, discussing “The Past, Present, and Future of Blockchain and Cryptocurrency.” The summit is scheduled to kick-off on October 22 at the LA Convention Center.  

“I am very excited to speak about the potential for Bitcoin and blockchain at Crypto Invest Summit,” Wozniak said. “I want to speak with the biggest players in the blockchain community, and challenge them to make innovative products that create utility – and then bring real value to their users.”

Wozniak is not only a passionate supporter of blockchain and cryptocurrency, but he has also been a proponent of decentralization and fair distribution of wealth throughout his life. The global business fraternity still remembers how he gave away $10 million worth of his own Apple stocks to the early employees of the organization.

The presence of Steve Wozniak as the keynote speaker at this upcoming quarter’s Crypto Invest Summit is an accurate reflection of CIS’s mission of bringing cryptocurrency and blockchain within the realms of the mainstream economy. During the summit, ten individuals from the audience will get to ask questions directly to Wozniak.  

“All of us at CIS are looking forward to having Steve Wozniak as in integral part of the Crypto Invest Summit,” says CIS Co-Founder and GHV Founding Partner Josef Holm. “The audience will have the opportunity to discuss and debate blockchain and its applications from someone who has been supporting the idea of decentralization all his life.”

Steve Wozniak’s fireside chat will start at 9:30 A.M. and kickoff the first day of the summit, October 23. “No one demonstrates innovation and distributing its rewards to those who helped build it more than the Woz.”  says Alon Goren, Co-Founder of CIS and Founding Partner of GHV. “That is the fundamental spirit behind why so many of us were drawn to the cryptocurrency community.  To do it right, everyone is incentivized and rewarded for participation.”

The event will also feature several other distinguished speakers such as Tim Draper, Crystal Rose, Rodney Sampson, David Bleznak, David Weild, Adam Draper, Jeremy Gardner, Emily Bush, Ran Neu-Ner, Miko Matsumura, Tegan Kline, Alex Wearn, Steven McKie, Yossi Hasson and Scott Walker.

CIS will be bringing together numerous investors, family offices, start-ups, broker-dealers, exchanges, service providers, entrepreneurs, and media personalities. The two and a half day event will be packed with an exciting Kickoff party, presentations by over two hundred eminent speakers, more than thirty ICO pitches, and an expo floor networking party. There will also be a Security Token Master Class limited to 150 attendees.

CIS Sponsors and partners include, Totle, Netki, Optimum, BitIRA, Aurora (IDEX), CNBC Crypto Trader, GHV, Onchain Capital, Struck Capital, Gumi Cryptos, Krowdster, Wavemaker Genesis, DNA and American Airlines.

NullTX has partnered with Crypto Invest Summit to award their audience with a 30% discount on Early Bird and Team Rate tickets when using promo code NullTX30 at checkout. Don’t miss out on the crypto event of the year! Registration for the event is now open at https://cryptoinvestsummit.io/registration?promo=NullTX30

ABOUT Crypto Invest Summit: Sold-out in 2017, CIS comes back to the LA Convention Center on October 22nd. The summit brings together angel investors, venture capital investors, retail investors, family offices, real estate investors, startups/entrepreneurs, issuers, exchanges, broker-dealers, service providers, and members of the media. Previous headliners include: Tim Draper, Crystal Rose, Mance Harmon, Ran Neu-Ner, Marcus Lemonis, Robert Herjavec, David Siemer, Bill Barhydt, Scott Walker, Adam Draper, and Apolo Ohno. More information and press passes at https://cryptoinvestsummit.io

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.

Rally, a user-centric marketplace for content sharing built on Ethereum, has just started the Rally Airdrop with an allocation of a whopping two billion Rally coins as rewards for new users joining, referring and engaging. The platform is dedicated to revolutionizing the concept of content sharing through transparency and decentralization, bypassing digital monopolies and empowering individual users by placing them at the center of the value chain.

Rally is delighted to announce that their much awaited Rally Airdrop has now gone live. A content sharing platform like none other, Rally has built a platform that rewards its users for sharing and engaging with content they like for crypto rewards. Rally Airdrop is open for all, and all potential users can now join and start earning Rally tokens immediately. With two billion (forty percent of overall tokens) allocated as Airdrop rewards, Rally claims this to be the largest bucket of token allocation in the industry.   

“Centralized social platforms have created hundreds of billions of dollars of value through the contributions and actions of their users, unfortunately users received none of this value,” said James Cashiola, the Founder of Rally. “We are changing this; ninety percent of all Rally Coin is being allocated directly to marketplace participants, we want the broadest adoption possible with the most transparency possible.”

The ongoing Rally Airdrop provides a not-be-missed opportunity for users to earn Rally Tokens. There is no limit to the amount of tokens that can be earned by joining, referring and engaging. The purpose of the Airdrop is to build the Rally community while facilitating the distribution and sharing of rewards to all stakeholders.  

To truly reward users for the value they create, Rally has implemented a new incentive system called Community Royalties.  This program rewards users not only when they refer new users, but also each time their referred users earn tokens.

The Rally Coin can be used by the users to:

• Redeem prizes, goods or services from advertisers.
• Accumulate tokens for a higher rank, receive badges and awards.
• Send tokens to other users on the platform.
• To promote their content and incentivize other users to engage.
• Sell back to advertisers.

The advertisers will be able to use Rally Coin as a payback system to:

• Put an advertisement through the Rally website.
• Reward users sharing or liking their content.
• Buy back tokens from users through rewards and special offers.

Rally has built its content sharing platform based on the Ethereum blockchain to address the critical requirements such as transparency, security, incentives and attribution. Use of blockchain will allow them to record user contributions and reward actions that boost the value of the platform. The proprietary token of the platform is known as the Rally Coin (RALLY).

To sign up for the Rally Airdrop, learn about its rewards program and earn Rally coin, please visit www.rallyairdrop.com

About Rally: Rally is dedicated to reclaiming content sharing, taking it back from social media platforms, attributing fair value to it, decentralizing it and putting power back in the individual’s hands. The platform rewards users to distribute an advertiser’s content to their individual social network. This allows the advertiser to shift their advertisement budget to the user who, by sharing the content, gives it their recommendation and increases its effectiveness.

Contact: David Filippone

User Website: https://www.rallyairdrop.com/

Advertiser Website: https://www.rallyapp.com/

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.

The internet technology was invented in early 1980s, known by public in 1990s and used globally from the beginning of the 21st century. Internet is now connecting every single part of the world. The first online advertisement was listed on hotwired.com on Oct 27, 1994. From then on, internet has been creating a huge market of online advertising and brands promotion. Google, Facebook，Amazon, Twitter, all these internet giants have been benefiting from the online advertising market.

Problems come with prosperity. Too many advertisements make this market super inefficient. For advertisers, the advertising expense is quite high, but more than 50% of the expense is useless. The advertising resources are monopolized by the very few network media and they can shut the door for real value products easily. For browser users, useless information overruns, advertisements are seen everywhere and passively accepted. The fraudulent advertisements like Phishing keep on emerging that the value of the user can’t be embodied.

Odin stands out at this time. An ecological blockchain based on the advertisement industry will redefine the next era of browser. Users will control the use right for the Odin based browser and own the right to block or read advertisements. Everyone that surfs the internet will receive corresponding token rewards for reading advertisements. Bad advertisements will be screened out, which will provide a more protective network. Now you can “mine” Odin tokens by just reading advertisements as you always did before. Make use of your online time, read/block ads and earn money.

For advertisers, this market will no longer be monopolized by a few media giants. Odin will make breakthroughs in the current monopoly advertisements industry. The advertising publishing is customized, the advertising circulation process is open and transparent, and the advertisers will be well aware of the true and reliable flow of each amount of the advertising fees, which is helpful to the evaluation for the advertising cost effectiveness.

The new Odin ecological blockchain is integrating the advertising publishing smart contract with blockchain technology. It uses POC (proof of contributions) and POW (proof of work) as combined consensus algorithm to create the redefined browser, which will construct a distributed advertising industry. The value created by the contents are remolded and the delivery process of the content value can be traced. It solved another major problem in the current advertising market that the copyright can’t be guaranteed and the content value for the advertising dissemination can’t be properly assessed.

Starting from the genesis of the Odin blockchain, one or more Odin system maintenance nodes will be elected as Bookkeeping Node to count the contributions of the Odin browser nodes every other contribution accounting cycle, and the Odin equities will be allocated to the Odin browser nodes. The Odin browser nodes will broadcast the flux contribution to the network every other contribution accounting cycle. The Odin system maintenance nodes will capture the flux data broadcast by the Odin browser nodes, count the flux and distribute the advertising fees and blocking awards to the browser nodes according to the contribution ratio. The bookkeeping nodes will synchronize the contribution data of all other Odin system maintenance nodes and count the total contributions of all Odin browser nodes in the T-moment as well as distribute the Token equities of the current accounting cycle according to the contribution ratio of each browser nodes. At the same time, the advertising fees are allocated to browser users in accordance with the advertisers’ smart contracts.

The POC & POW algorithm will work together as incentives to original content creators. Their copyrights will be protected by blockchain technology so their content values are guaranteed. On the other hand, browser users are rewarded by reading and blocking advertisements. Fraudulent advertisements or advertisements with vulgar contents will be blocked, which keeps the internet clean and positive. These advertisements creators who spent huge money with low returns will start to regulate themselves as well.

The customers’ trust will be built up gradually. More and more low value advertisements will disappear and replaced by the high value advertisements instead. The advertisement placed on the Odin Chain needs to be paid by using the Odin Token. The user will receive the Odin Token reward for reading the advertisement, and the content creator will also receive the Odin Token reward fees for publishing the contents, which reflects the privilege of using the Odin Token. A positive internet atmosphere will be constructed with the motivation of Odin Tokens. A new browser ecosystem powered by the Odin ecological blockchain and Odin Tokens is then fully developed in this stage.

Applying blockchain technology into browsers is pretty creative and it’s a great innovation in advertising industry. You won’t just surf the internet for yourself, but also mine rewards for the good of the entire network! A new era of internet experience is coming!

Odin has already owned huge communities in China, Japan and South Korea, it has established an extremely efficient operating team, and hundreds of thousands of its browser miner have been sold out. Furthermore, Odin has reached a strategic cooperation based on the VPN business with the Binance star-rate project QLC, and the two sides will mutually support the functions of each other’s products. Odin has also signed a strategic cooperation agreement with the Asian Development Investment Bank located in Southeast Asia. Monitor the future of ODIN. We are firmly optimistic about the future of Odin!

Connect with Odin：

Website：https://www.odinlink.com

Twitter:  https://twitter.com/ChainOdin

Reddit:  https://www.reddit.com/user/OdinChain/

Telegaram：http://share.telebox.io/joinchat/Jm64IUj6rc0HdkAElwsA-Q

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.

Amid the blockchain and cryptocurrency rumors surrounding social media giant Facebook, the company has now denied being in talks with cryptocurrency firm Stellar.

Just a rumor

On Friday, 10 July, Business Insider published a report claiming that David Marcus, former PayPal executive who leads Facebook’s blockchain team, had met with Stellar to discuss potential uses.

According to the report, the unnamed Stellar source claimed it would “make sense for Facebook to record payment transactions on a distributed ledger like Stellar”. The source added, “They’d be taking the rug out from under the banks… They can add a bank more quickly than a bank could build a social network.”

However, it didn’t take particularly long for the explosive rumor to reach Facebook, prompting a swift response. Speaking with financial outlet Cheddar, a spokesperson said, “We are not engaged in any discussions with Stellar, and we are not considering building on their technology.”

Market response

The crypto markets responded appropriately during the period of this report, while Stellar’s cryptocurrency called Lumens jumped up approximately 10% on the world’s largest crypto exchange, Binance.

The Stellar discussion alone is not the only factor to consider in the Facebook rumor mill; a day later it was reported again by Business Insider, that David Marcus had announced his departure from the Coinbase board.

Speaking with CoinDesk, Marcus explained, “Because of the new group I’m setting up at Facebook around blockchain.” A Coinbase representative also told CoinDesk that Marcus had resigned to “avoid the appearance of a conflict of interest”.

Developments

In early May, the social media giant announced the founding of its blockchain technology research team, the sole purpose of which is to research the potential uses of blockchain technology on Facebook.

It was again in the spotlight in mid-May, after another anonymous source had made claims that Facebook was indeed considering the creation of its own cryptocurrency.

However, at that time of reporting, Marcus denied those claims on the basis of cryptocurrency payments being “very expensive” and “super slow”, though he does mull the prospect of maybe doing something after Facebook had explored blockchain technology enough.

Moving into early July, Facebook announced the creation of a Director of Engineering Blockchain position, appointing its in-house head of Programmable Languages & Runtimes, Evan Chang to the newly established position. Cheng has also advised projects and startups like ChainLink and Zilliqa.

Then in a partial U-turn, Facebook announced that it would be allowing for Coinbase advertisements to run on the website and Instagram. The timely move came a few short months after Facebook, among others including Google, banned cryptocurrency advertisements on its websites.

The global blockchain and cryptocurrency communities will be watching Facebook very closely it dips its toe in blockchain; however, it is unlikely this will be the last of the whisperings to emerge and be dispelled.

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