Coinbase’s new VC arm raises thorny questions about the influence the startup wields across the crypto market and potential conflicts of interest.
Archives for April 14, 2018
One of the largest crypto assets has been under fire for its technical decisions, with some developers even branding IOTA the coin they love to hate.
The implications of using distributed ledger technology to track the lifecycle of products and services are staggering. Businesses are already increasing the efficiency, security, and transparency of their brands by integrating Blockchain technology into their existing production and shipping processes. Before Blockchain Supply management has always been one of the most important logistical hurdles for
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We saw the importance of Bitcoin in the course of this week. It is up 17 percent in the last 7 days and the effect on altcoins is profound. Leading this surge is EOS which is up 48% and likely to displace Litecoin in the top 5 spot. In my view, and this is important, most altcoins will continue to add in the coming week and I shall focus primarily on Litecoin and Stellar Lumens which are lagging.
Let’s have a look at these charts:
XLM/USD (Stellar Lumens)
Regardless of the slow down, Stellar Lumens is still up 6 percent in the last 24 hours and 26.30 percent for the week. That is quite impressive from a technical point of view and considering the recent depreciation of cryptocurrencies in general.
The expansion in prices also means a double bar reversal pattern in the weekly chart and even though I won’t recommend long entries at the moment, I anticipate Stellar to edge higher in the coming session.
Suitable pick up points lies at $0.24, a recent support in the 4HR chart. Alternatively, we can wait until when a stochastic buy signal prints more so if prices fail to bounce off $0.24 and continue to slide.
As you would expect from a multi-billion project as IOTA, there are a lot of developments behind the scene. One of them is this promising Pass, a blockchain biometric and decentralized technology website that will re-launch next week. The project promises decentralization of data identification and verification by leveraging on Tangle technology.
— PASS (@i_am_pass) April 13, 2018
Price wise, our IOTA technical analysis points to a break out trade which is clear in the daily chart. When we zoom out to the weekly chart, a huge bullish engulfing pattern has been formed meaning trading with the trend in the lower time frame is the surest way of making money.
Therefore, considering this, we should exercise patience until when a stochastic buy signal prints in the 4HR chart. Potential reversal zones can be anywhere between $1 and $1.25 which is also our immediate support. On the flip side, waiting for a break and close above $1.5 before loading buys can be a good strategy.
If you have been following EOS, then by now you should know that there is a lot going on in matters development and sometimes free lunch. While politics dominate on matters BP, Bitmain and INBlockchain, I really think every economic system is designed to favor the big fish.
The blockchain system and tokenization is an example of this and no matter the picketing, someone somewhere is ramping up on the underground trying to seize control. Anyhow, EOS is flexible enough and unlike other blockchain systems where correction can’t be made once transactions are made, Dan said in EOS, the user is in control and in scenarios where mistakes have been made, another transaction can be made to correct them.
Price wise, EOS is set for further gains. In the last 7 days for example it’s up 48 percent and back to position 6 after slowing down yesterday.
The thing is I expect prices to slow down and even retest $7.5 before bulls resume in the coming week. Because of this, I recommend short term sells with targets at $7.5 or until when a stochastic buy signal prints.
As always, we can always relate price appreciation with the network effect. Litecoin is playing by the game and keeping their original objectives intact. In fact, news is one of Litecoin Foundation developer Franklyn Richards will be joining Zulu Republic to lead their development team and more so, Litecoin Vault. This is definitely good news.
Litevault is just the beginning. https://t.co/B36segpwUe
— Franklyn [LTC] (@MLPFrank) April 13, 2018
While this is happening, Litecoin is back to the top 5 and is up 7 percent for the week. The result is that bullish engulfing pattern in the weekly chart and a bullish break out pattern in the daily chart. Even though prices are technically up, our Litecoin price analysis points to lower lows in the coming sessions.
As such we expect prices to retest $120 or $115 before bulls resume ideally right after a stochastics buy signal prints in the 4HR chart.
Right from Gagapay Network a smart marketing platform and Aphelion, it’s the NEO resurgence that truly matters. Now, I really don’t care if NEO hit $100 or $200 over this weekend but what is important to us is this change in sentiment. It’s pretty nice and supportive of price.
Video Demo of the Aphelion NEO Desktop Wallet launching on April 20th, 2018. Watch it here: https://t.co/A7rqIDgadF
— Aphelion (@AphelionToken) April 13, 2018
From our NEO technical analysis, we project prices to rise in the coming week(s). However, at the moment, chances are prices might slow down and if it does, patience shall be our asset.
Immediate bear targets of $55 looks reasonable assuming there is a break below $60 in the 4HR chart. Otherwise, in the medium term, $90 and $110 are our bull targets.
All charts courtesy of Trading View
A crypto startup aims to attract customers away from using credit cards to pay for items both online and offline by introducing a Blockchain protocol that will make it easier to use cryptocurrencies instead.
PumaPay says Bitcoin and many of its rivals have failed to become mainstream payment methods because they lack scalability and flexibility – despite being launched almost a decade ago. This has made it difficult for cryptocurrency holders to use their funds without converting to old-fashioned tender first.
PumaPay is confident of changing the status quo because of how its protocol has been “designed from the ground up” to eliminate the current downsides of shopping online – including the fees which drive up the cost of everyday items and unauthorized transactions that create headaches for consumers and firms alike.
PumaPay’s PullPayment Protocol brings a fresh approach to payment processing by introducing a mechanism where shops, restaurants, and other businesses can pull money out of their client’s wallet – reversing the current practice of a consumer pushing their cash through a myriad of middlemen before it arrives in the merchant’s account many days after the transaction has been finalized.
The open-source, free project will also broaden the possibilities for making payments, and being paid through Blockchain. Unlike other solutions, PumaPay says its infrastructure can support recurring transactions of varying amounts, opening the door for utility companies to accept cryptocurrency in exchange for gas, water or electricity supplies.
The PullPayment Protocol in action
In its white paper, PumaPay illustrates the versatility of its protocol by putting it to the test in various scenarios.
For example, an avid magazine reader would be able to arrange for a subscription to their publication of choice by scanning a QR code on their PumaPay wallet, which the company says will eventually be supported via Chrome, iOS, and Android applications. From here, a PullContract is provided with terms and conditions – and once the customer accepts, they will receive regular copies of the magazine, with the publisher permitted to take a regular subscription fee from their account.
In another case study, a medical practitioner who conducts appointments online is able to charge their patients to the minute, with the customer being charged five minutes in advance to guarantee they have sufficient funds.
PumaPay also believes its protocol, which is currently in development, could prove an indispensable tool in the realm of financial education. At present, parents who give their children lunch money run the risk of the cash being misused and spent on something else entirely. However, the company envisages that its cryptocurrency wallet could come with a feature where kids need to gain approval for every purchase they make, guaranteeing that money is used for its intended purpose.
To ensure that consumers can maximize their use of the protocol, the company is working on an app called PumaPay Pride which presents all local businesses who accept the PumaPay Token.
What’s in it for merchants?
According to PumaPay, businesses stand to gain a lot from the PullPayment Protocol because of how they would no longer be held hostage to credit card associations with their high fees. As well as giving a healthy boost to their profit margins, it is hoped they could drum up new trade by using these savings to slash prices for the public.
A seven-day token generation event is launching on April 26. PumaPay has already struck partnerships with a number of online content providers and e-commerce platforms, who will start using PullPayments when the protocol is launched.
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