As prices tumble and the markets make a huge correction from their spike in early January, the banks are battening down their hatches. Leading UK bank Lloyds joined its counterparts in the US by banning the purchase of Bitcoin and other cryptocurrencies for its customers using credit cards. Credit card issuers fear that people will… View Article
Archives for February 5, 2018
This detailed analysis of enterprise blockchain reveals a number of reason why enterprise blockchain may be on the verge of its mainstream moment.
The post China to Ban & Block Foreign Cryptocurrency Trading Platforms, ICOs: Report appeared first on CCN China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICOs) in what could be the country’s final crackdown on the industry. According to a Sunday report by… View Article
The yearly Super Bowl event is mainly known for its interesting commercial and half-time shows. Even though it’s sports event watched by millions around the world, the ads are always most talked about. This year, we have seen a surprising as by TD Ameritrade talking about Bitcoin futures. This took a lot of people by surprise. Additionally, there’s also a negative report involving AML Bitcoin’s allegedly rejected Super Bowl ad.
Ensuring Bitcoin gains mainstream traction has been very difficult so far. The general public still sees cryptocurrency as something negative. Especially with the Bitcoin price tanking, the overall sentiment hasn’t improved much. Big was everyone’s surprise when a TD Ameritrade advertisement showed up during the event. More specifically, it is an advertisement by the bank involving Bitcoin futures contracts. The company joins the Bitcoin futures bandwagon, by the look of things. It is unclear how successful this new venture will be.
More competitors on the Bitcoin futures market can only be a good thing. After all, it seems to create a bullish case for the world’s leading cryptocurrency right now. With multiple competitors in this market, interesting things will happen. TD Ameritrade embarks on a very intriguing mission in this regard. So far, Bitcoin futures have not made much of an impact on the market. This latest Super Bowl ad may effectively move things along rather nicely.
— Whalepool (@whalepool) February 4, 2018
There is also some negative Bitcoin-related news. More specifically, AML Bitcoin claims their Super Bowl ad was rejected. It seems this claim is entirely false, according to Buzzfeed. Their “version” of Bitcoin focuses on AML and KYC compliance at the protocol level. AML Bitcoin’s team claims how both the NFL and NBC rejected their ad for being “too political”. However, NBC never rejected the ad because it was never even submitted to the company in the first place. It is evident this is a grab for attention by AML Bitcoin. So far, it has backfired in many different ways.
It is evident the Super Bowl attracts a lot of attention. This is also true in the world of Bitcoin and other cryptocurrencies. Making false claims regarding ads being rejected is clearly not the way to move forward. The TD Ameritrade ad, on the other hand, is rather intriguing.Whether or not any of this will have an impact on the Bitcoin price, remains to be seen. The world’s leading cryptocurrency will need all the help it can get right now. So far, the year 2018 has been off to a very bad start. As is usually the case, however, things can still turn around.
The post Bitcoin-Related Super Bowl Ads Spark Some Major Discussions appeared first on NewsBTC.
As cryptocurrencies across the board once again take a hit, bitcoin is exploring the downside below $8,000.
- ADA price recovered recently, but it failed to stay above $0.5000 against the US Dollar (tethered).
- There is a new major declining channel forming with resistance at $0.4140 on the hourly chart of ADA/USD (data feed via Bittrex).
- The pair is currently holding a major support area near the $0.3400-0.3500 levels.
Cardano price is struggling to gain upside momentum against the US Dollar and Bitcoin. ADA/USD has to move above the $0.4200 to gain traction.
Cardano Price Resistance
There was a decent bounce in ADA price from the $0.2900 level against the US Dollar. The price traded above the $0.3000 and $0.4000 resistance levels. It even traded above the $0.5000 level, but it failed to remain above the $0.5000 level. ADA made a short-term top at $0.5185 and started a downside move. It broke the $0.4000 support to trade near the $0.3500 support area.
A low was formed at $0.3505 and it seems like the price is looking to trade higher. It is testing the 23.6% Fib retracement level of the last decline from the $0.5185 high to $0.3505 low. More importantly, there is a new major declining channel forming with resistance at $0.4140 on the hourly chart of ADA/USD. The pair has to break the channel resistance at $0.4140-0.4200 to gain upside momentum. Moreover, it has to clear the 38.2% Fib retracement level of the last decline from the $0.5185 high to $0.3505 low.
A successful close above the $0.4200 level could open the doors for more gains. ADA price could move above the $0.5000 level in the mentioned scenario. An intermediate resistance is near $0.4500 and the 61.8% Fib retracement level of the last decline from the $0.5185 high to $0.3505 low. On the downside, the $0.3500 support holds a lot of importance in the short term.
Hourly MACD – The MACD for ADA/USD is currently reducing its bearish slope.
Hourly RSI – The RSI for ADA/USD is just below the 50 level.
Major Support Level – $0.3500
Major Resistance Level – $0.4200
Charts courtesy – Cryptowat, Bittrex
The post Cardano Price Technical Analysis – Can ADA/USD Hold $0.3500? appeared first on NewsBTC.
Peach Aviation, Japan’s number one budget airline, has announced plans to maintain their schedule to accept bitcoin as well as other cryptocurrencies for ticket payments.
Peach looking to spread cryptocurrency
Despite waves of fear that passed through the crypto-markets in the wake of the $500 million Coincheck hack on January 26, and speculation that Japanese regulators would rein in trading and spending in the crypto-market, Peach will stick to their previous schedule of accepting Bitcoin.
As part of a bid to encourage visitors from other parts of Asia to visit Japan, the airline announced they would stick to previous plans to accept cryptocurrency according to Bloomberg.
“We want to encourage visitors from overseas and the revitalization of Japan’s regions … This is a real first step in partnerships for Japan and we are aiming for more company and service tie-ups.”
Said Shinichi Inoue, chief executive officer of Peach.
The plan to accept Bitcoin by the end of the fiscal year in March 2018 was implemented after the April 2017 law on fund settlements in April helped facilitate crypto transactions. Peach is looking forward to creating cryptocurrency tie-ins with regional governments and corporations in order to spread usage of the new currencies.
Peach Aviation isn’t the only airline making the move towards accepting Bitcoin. Airbaltic in Latvia announced almost three years ago that it would accept Bitcoin as part of improved customer service. In a much wider reaching plan, Universal Air Travel Plan announced a partnership with Bitnet that would allow customers the ability to purchase tickets from more than 260 airlines two years ago.
Plans delayed but not destroyed
Peach follows at least 10,000 other corporations in Japan that are either currently or have implemented plans to accept cryptocurrency for products and services. This despite the country being home to the two largest cryptocurrency thefts in history totaling about a billion dollars and fears that the Financial Security Agency would be putting the clamps on Bitcoin trading.
Initially Peach planned on accepting bitcoin for ticketing and adding tie-ins such as pay points in souvenir shops, restaurants and for accommodations as well as installing bitcoin ATM’s (BTM’S) in conjunction with Bitpoint Japan by Autumn 2017. However, due to fluctuating markets late in the year, the new start date of March 2018 was given.
“We are reviewing the timing of service start,” the spokeswoman for Peach’s public relations said. Both Peach Aviation and Bitpoint Japan have confirmed their dedication to implementing their initial plans throughout 2018.
The post Peach to be Japan’s First Airline to Accept Bitcoin appeared first on NewsBTC.
A New York lawmaker has proposed researching the creation of a state-backed cryptocurrency.
Skraps is a new micro-investing application that looks to break the mold of all others before it. While Acorns is great for investing your spare change in stocks and shares, Skraps takes it in an entirely new direction. With Skraps, you can invest your spare change in cryptocurrency.
As far as investing is concerned, cryptocurrency is a brand-new asset, and one that many are too tentative to touch. There is a general perception that you need a large sum of money to invest in cryptocurrency, and a large knowledge base to know which ones to invest in.
While the first statement is entirely false, the second one does ring true. You do not need to fork out your life’s savings to get involved in the cryptocurrency market. On the contrary, it is strongly recommended that you only part with funds that you are prepared to lose, as the market can be volatile.
With that said, if you are looking to take a DIY approach to cryptocurrency investing, you would need to be an expert in your own right. There are far too many digital currencies for you to choose from, and it takes extensive knowledge to know which ones to select!
For the person looking to invest just a little of the funds on the side, the hours of research required just aren’t worth it. Luckily for them, SKRAPS will take all of the hassle and all of the confusion out of low-budget cryptocurrency investing.
How does SKRAPS work?
SKRAPS is a mobile application that will automatically invest your spare change left over from card purchases into cryptocurrency. Once downloaded on your mobile device, the application will take no more than a few minutes to set up.
Once you have linked your debit and credit cards to SKRAPS, you can select how much you would like each transaction to be rounded up to. For example, you can choose to round up to the nearest 50c, $ or $2, and the balance will be sent straight to Skraps with each transaction that you make.
Under your user settings in the application, you can select the portfolio you would like to invest in, based on whether your taste is aggressive, moderately aggressive, moderate, moderately conservative or conservative. Should you struggle to choose, you also have the option to split your investments into some or all of the portfolios on offer.
Skraps does not have a minimum or maximum amount that you must invest or store in your account. In addition, it does not charge transaction fees or withdrawal fees. The only amount that you will pay Skraps is a fee of 5% of your profits made for the month. Skraps believes that fair is fair, so should you not make a profit, you will not pay a fee.
The Skraps Return on Investment
Skraps aims to bring you the highest possible return on investment for your choice of portfolio(s). It does this by splitting the risk across a wide base of cryptocurrencies available in the market and uses analytical software to predict which ones will yield the highest returns.
In this way, it is likely that you will receive a much higher return than you would from traditional banking and investment methods. However, there is always a risk associated with cryptocurrency investing, and Skraps is not able to control the direction that the market will go.
Nonetheless, through splitting the investment between a large number of cryptocurrencies, every effort is taken to ensure that your funds are exposed to as little risk as possible. In the event that one or two cryptocurrencies were to experience a dip in value, the overall profit on the investment should remain positive, with the rest of the portfolio making up for the loss.
The Skraps Token Sale
Skraps kicked off its token sale on January 15, 2018, and it will run until the 15th of February, with its native token carrying the tag of SKRP.
The price per SKRP token steadily increases throughout the token sale, giving those who join early an opportunity to purchase tokens at a significantly reduced rate. The first week of the token sale offered the lowest price, asking only $0.30 per SKRP token. The second week saw the price raised to $0.35, but week three is when things got interesting.
The third week of the token sale kicked off Round 3, which lasted from January 29 to 31. From Round four, the price increased not by 5c but by 0.5c, and went up not weekly but daily. In other words, every 24 hours saw the price increase by half a cent. By the last day of the token sale on February 14, the price will have reached $0.45 per SKRP.
The Skraps token sale has had an incredible response so far, having hit the $1 million soft cap just 10 hours after officially open. With almost 10 million SKRP tokens sold just two weeks later, it can already be considered a hugely successful token sale.
How To Get Involved
Skraps’ official website can be accessed at www.skraps.io. The token sale has a dedicated website, however, which can be viewed at www.ico.skraps.io. To purchase tokens, the place to be is www.dashboard.skraps.io.
Skraps has a dedicated group on Telegram with team members on hand around the clock to answer questions about the project. It is encouraged that investors join in the light-hearted conversation, and everyone is welcome in the Skraps community.
For those not looking to purchase SKRP tokens, Skraps also offers the ability to earn them through its very own bounty program, the link to it being here. Through the bounty program, participants can earn tokens by getting Skraps’ name out into the world, and generate awareness about the project.
After the Token Sale
The token sale is just a phase in the greater roadmap of the Skraps project. Once the token sale concludes, SKRP will be listed on one or more high-ranking cryptocurrency exchanges, where investors will be able to trade or purchase SKRP tokens.
In the background, the Skraps team will develop the fully-functioning mobile application, which is set to hit the world in June 2018. The air remains thick with anticipation.
The post What is SKRAPS and Should You Invest In its Token Sale? appeared first on NewsBTC.