Because of the obvious bad press, LTC took the brunt of the markets in the last 24 hours losing 3.5% according to CoinMarketCap. Of course, that was inevitable and with LitePay closing down after using $50K of Litecoin Foundation’s money, Lee should make due diligence before shilling LTC and giving spineless guarantees to a tax evader. Apart from that, the altcoins market is relatively calm with EOS back in the green and Lumens ranging in lower time frames. IOTA is not badly off and stable. However, odds of it trading at parity with the USD remain high. Let’s have a look at these charts: XLM/USD (Stellar Lumens) XLM/USD Bittrex 4HR Chart for March 28, 2018 Relative to yesterday’s prices, Stellar Lumens has zero net gains. It’s basically consolidating in lower time frames complete with a stochastic buy signal. Overly, bears are in charge and like before, every high is another selling opportunity. We estimate sell potentials to be around the major resistance trend line at $0.30 especially if prices trend higher today. Anyhow, apart from the stochastic buy signal turning from deep the overbought territory in the 4HR chart, there is another bull divergence relative to price action meaning chances of Lumens gaining is high. Conversely, if sellers reject further XLM appreciation, our previous bear targets at $0.15 stays put. IOT/USD (IOTA) IOT/USD BitFinex 4HR Chart for March 28, 2018 To get a clear picture of how higher time frame trend precedence, then current price action in IOTA provides a clear picture. Of course, there are pockets of bullish pressure but every attempt of such is met by a deluge of sellers draining momentum lower. Despite buy pressure, our projection is that IOTA shall most likely trade at parity with the USD in the coming days. The general trend is bearish and assuming IOTA bulls pick up from current levels-there is a stochastic buy signal, $1.4 and $1.5 would be valid resistance zone where bears can wait for stochastic sell signal to print as they offload this coin. EOS/USD (EOS) EOS/USD BitFinex 4HR Chart for March 28, 2018 Right from CoinBase declaring their support for ERC-20 tokens and even hinting listing some of these tokens in their exchanges to news that EOS is offloading 80K ETH, everybody can see that EOS spike. OK, the crowd funding is still on and being the only gainer at 7% according to CoinMarketCap, sellers should keep off for the time being. Regardless, $4 remains a feasible target but since prices don’t move in straight lines, waiting for a stochastic sell signal ideally at $7.5 would be perfect. Any close above $6.5 will encourage buyers to jump in creating demand for buyers. LTC/USD (Litecoin) LTC/USD CoinBase 4HR Chart for March 28, 2018 Charlie Lee is turning out to be a spoiler. After all that LitePay hype, the curtains are coming down for a promising company whose owner is a known tax evader. Besides being not paying taxes, Asare-the chap behind LitePay looks to be very good at embezzling funds. The closure means $50K of LTC Foundation is in ether. Even if we cannot see adverse effect on LTC, this is negative for the coin and the bad vibe will further erode this coin’s value despite apologies from Lee. In my opinion, sellers should hold tight and aim for $100. After all, the weekly chart bear tide is so strong to counter. NEO/USD (NEO) NEO/USD Bittrex 4HR Chart for March 28, 2018 Guys, any NEO appreciation is technically a perfect sell opportunity. At the moment, NEO seems to be finding support at $50, yes, a round number and a level of significance in the recent past. But, here the thing, even if bulls pick up from there, sellers should get ready to enter anywhere between $80 and $90 or there about. All charts courtesy of Trading View The post NEO, EOS, LTC, IOTA and Lumens: Altcoins Technical Analysis March 28, 2018 appeared first on NewsBTC.
Cryptocurrency exchanges have always been a prominent target for hackers and other types of cybercriminals. Those concerns will not be going away anytime soon, considering how successful phishing attempts can be. The latest campaign is targeting Binance users and makes mention of an “ERC20 import event”. Binance Users Beware It is evident the growing popularity of Binance as a cryptocurrency trading platform has not gone by unnoticed. A lot of people are showing an interest in what the platform has to offer, but not all of this attention is 100% legitimate. Indeed, we’ve seen a lot of phishing campaigns, which are often relatively successful in the world of cryptocurrency. The latest phishing email to make the rounds is specifically targeted at Binance users. This particular email advises users that the exchange has seen some big improvements. While there is some truth to that claim, the rest of the email should be ignored. There is no ERC20 import event taking place on the exchange, nor will there ever be. Even so, the phishing email attempts to trick users into importing their ERC20 tokens through their regular Ethereum wallets. This is a clear attempt to steal customer funds, as users are redirected to a completely different website in the process. It looks almost identical to the Binance website, but the website’s address is completely different. Anyone who follows the guidelines outlined in this email will eventually lose their money. It is unclear if the scammers are mainly interested in the ERC20 tokens or the Ethereum wallet addresses themselves. Even so, any funds linked to one’s address will be pretty much gone in the blink of an eye. It’s not exactly the most sophisticated approach, but one has to acknowledge that these attempts will be successful in one way or another. What is rather worrisome is that this email was not just sent out to Binance users. Rather, it was also sent to individuals who recently participated in ICOs and other crowdfunding projects. How these addresses were obtained is unclear at this point. It is evident that criminals will utilize any addresses they can get their hands on in the hopes of striking it rich at some point. That is much easier said than done, for obvious reasons. Whether or not this means we will see another wave of cryptocurrency-oriented phishing attempts remains to be seen. This particular method of attack has proven to be extremely lucrative for criminals over the past few months, and the influx of new users will only make it easier to trick people into giving up their information. Only time will tell if this particular campaign was successful, but we can only hope no one fell for it.
Disrupting the electric car charging network models across the globe, eCharge, the world’s first, blockchain-based ecosystem is in the midst of a successful crowdsale. The platform, designed to enable faster, easier and cost-efficient recharging of electric cars has so far raised for easy, faster 121730960 ECHG (12173096 EUR) in its on-going pre-sale ICO, started on March 6, 2018. The current pre-sale ICO phase is offering 15% bonus to the investors. The Background The future belongs to the electric cars’ mass adoption worldwide. As per the International Energy Agency: “The electric car market is set to transition from early deployment to mass market adoption over the next decade or so. Between 9 and 20 million electric cars could be deployed by 2020, and between 40 and 70 million by 2025”. One of the challenges being faced by this fast-growing market is the lack of infrastructure. Electric car users may access the charging stations at work and at home, but they are unable to get the facility when they want to take some downtime over their weekend and travel long distances as they are usually unable to find any charging point on the way. How Does eCharge Solve the Problem? Bringing the e-mobility feature, eCharge platform is developed to be globally distributed by installing the eCharge stations at offices, hotels, parking lots, shopping malls and other user-friendly locations. The eCharge charging stations will be installed by eCharge at participating sites without letting them incur any cost. It will also provide the electricity and back-end support free of charge. For the hotels entering the exclusive partnership with eCharge, it’s like providing a luxury offering to their customers without any upfront investment. In addition, the hotels can also exploit the eCharge mobile app and market themselves to the user base, including special deals for the niche market. Marcus Dold, the CEO of eCharge, says: “Through our smart blockchain-based energy flow management software, we aim to build the largest battery energy storage network in the eCar community. We’re grateful for the support we receive from the e-mobility community worldwide in our initiative to implement 50,000 charging stations in hotels, offices, apartments and parking lots”. Benefits for the Users Users of the eCharge app can locate the eCharge stations all across Europe, without having a need to use another app for locating a hotel. By booking via eCharge system, users will get exclusive accommodation rates. The transparent and fast booking ecosystem eliminates the waiting time and station bloat by coordinating the available charging slots seamlessly. Through its built-in kilowatt-hours cryptocurrency wallet that operates the native ECH tokens, users can book and pay for their charge even in advance, without needing currency exchange or a credit card. About the ICO The eCharge token pre-sale is LIVE and offering 15% discount until March 31, 2018. The purpose of the ICO is to raise funds needed to provide the partner hotels with necessary hardware, let investors get the opportunity to capitalize on a rising trend without incurring an upfront cost, and establish the demand for the ECH tokens that would be traded on different cryptocurrency exchanges. If you have not yet bought the tokens, it’s the high time to do so as the bonus will be reduced to 10% & 5% in the coming month. To know more about the platform, its features and participate in its on-going pre-sale ICO, please visit https://ico.echarge.io/Account/Register The post Redefining the Electric Cars Charging Model, eCharge Successfully Runs the Pre-Sale ICO appeared first on Bitcoin Network, News, Charts, Guides & Analysis.
Jing Xiandong, Ant Financial’s chief executive, called the blockchain “a cornerstone of trust” but dashed any hopes that the payments leader will pursue an initial coin offering. Xiandong, who also goes by Eric, set the record straight at the annual China Development Forum over the weekend. “The core of the blockchain lies in using technology to The post China’s Ant Financial Touts Blockchain, Nixes ICO Chatter appeared first on CCN
People who have kept close tabs on the cryptocurrency industry may have come across the term “cryptojacking” before. This particular trend revolves around hackers controlling other people’s computers or smart devices to mine cryptocurrency. A new report shows cryptojacking has gained a lot of traction in Sweden as of late. Sweden is Home to Many Cryptojackers It is unfortunate to see how popular illicit trends associated with cryptocurrencies are becoming. The concept of cryptojacking is nothing new by any means, but it is evident things are slowly getting out of hand. More specifically, criminals continue to show interest in breaching other people’s computers to mine cryptocurrency, typically altcoins. For most users, this type of activity goes by unnoticed, which only creates more problems in the long run. Cryptojacking is usually done in such a way that the victim won’t notice anything malicious is going on, although it remains to be seen how successful such efforts really are in the end. It takes a lot of computing power to mine cryptocurrencies, even if it’s altcoins we’re talking about rather than Bitcoin. Mining Bitcoin with a regular computer is virtually impossible these days. In Sweden, there has been a strong uptick in cryptojacking activity. That is not a positive sign by any means, especially considering that it’s nearly the only country to show an increase on this scale. While we see security threats rise in number every year, it seems cryptojacking may eventually become more worrisome than ransomware, assuming this trend keeps up. To put this into numbers, Sweden saw a 10,000% increase in cryptojacking during Q4 of 2017. While that may not say much without knowing the full story, it is a growth rate twice as high as the rest of the world. This seems to indicate there is a lot of criminal activity related to cryptocurrency going on in Sweden right now, although it remains unclear what makes this country so popular. A lot of people are swayed by the potential to make a lot of money hijacking other people’s computers. How they do so exactly remains to be determined, but it seems the use of malware to infiltrate target computers is the most logical method. Once a hacker gains backdoor access, they can usually install any type of software without the device owner being any wiser. It creates a very troublesome scenario that needs to be dealt with accordingly. The big question is whether or not the cryptojacking trend will continue to gain popularity in Sweden. As of right now, there is no reason to think that won’t be the case, but only time will tell what the future holds in this regard. There is also an uptick in the number of recent banking Trojan attacks in Sweden, which is another troublesome development, for obvious reasons.
One of the world’s largest cryptocurrency exchanges has issued a statement regarding the recently launched “El Petro” (PTR) – a digital currency supposedly backed by Venezuela’s crude oil reserves. Bitfinex are refusing to list the planet’s first ever state-issued cryptocurrency. The Petro Offers “Limited Utility” The reasons cited in the blog post from Bitfinex that was published earlier today are two fold. Firstly, the company declared that the digital currency offers “limited utility”. However, given the lengthy list of altcoins that also seem to serve little to no purpose on the exchange, it’s much more likely that it was the second cited reason that has influenced Bitfinex’s ultimate decision. The post read: “In addition, it [listing the Petro] could be construed as an attempt to circumvent legitimate sanctions against the GOV.” Bitfinex are referring to the March 18th directive from the US government. It states that US persons are not eligible to deal with the newly issued Petro in any manner. The notice extends to financing the state-owned oil company (PdVSA) and the Central Bank of Venezuela. It also states that any future tokens issued by the aforementioned entities will also be covered by the directive. Bitfinex continue, stating that all similar tokens that appear to contravene US sanctions will also be excluded from the platform. Finally, the blog post says that all employees of the company are also prohibited in dealing with the PTR or similar tokens “effective immediately.” The news from Bitfinex follows the recent investigative work by Time magazine that links the Petro to the Russian government. According to the publication, there is a large bank of evidence to suggest that the Venezuelan-issued digital currency was to serve as a Russian experiment in sanction dodging. Time allege that Russia have been interested in using cryptocurrency to circumvent international sanctions but rather than launch one themselves, they decided to test the idea in a nation with very little to lose. Being as Venezuela’s economy has already been desecrated, the Latin American state provides a suitable test bed for the idea of state-issued digital currencies. The Petro itself was launched on February 20. It is the world’s first state-issued digital currency. According to the Venezuelan government, its value is tied directly to the nation’s vast oil reserves. A local news source report that it has already attracted over $5 billion in pre-sale investments and those wishing to obtain PTR tokens can pay for them using Chinese yuan, Turkish lira, euros, Russian roubles, as well as Bitcoin, Ether, or Litecoin. There are also plans to open domestic and international exchanges soon. The post Bitfinex Refuses to List Venezuelan Petro Digital Currency appeared first on NewsBTC.
Litecoin saw its value drop 10 percent after the CEO of payments processor LitePay announced that it was ceasing operations as it prepares to sell the company. Data from CoinMarketCap shows that the value of litecoin is trading around $144, at the time of publishing, and is down 28.5 percent for the month. Since the beginning of the year, the fifth-placed altcoin has dropped 37.5 percent so far this year. In mid-February, it was reported that the price of litecoin had jumped 30 percent after LitePay, a payments processor for the currency, announced that it would be going live on the 26th February. News of this saw Charlie Lee, creator of litecoin, tweeting about the venture. However, recent developments has seen an announcement from the Litecoin Foundation, a nonprofit for advancing the digital currency and an investor in LitePay, stating on its website that: …the Litecoin Foundation was contacted by Kenneth Asare, CEO of LitePay, informing us that he has ceased all operations and is preparing to sell the company. The foundation went on to say that it had: …refused any further funding as [Asare] was unable to provide a satisfactory picture of where the money had been spent and refused to go into exact details about the company and show objective evidence to back up his statements. In light of the news, Lee tweeted: Like everyone else, we got too excited about something that was too good to be true and we optimistically overlooked many of the warning signs. I am sorry for having hyped up this company and vow to do better due diligence in the future. The Litecoin Foundation went on to say that the cryptocurrency was doing fine before LitePay and would continue to do so after this, adding: The ecosystem is far bigger than one company and is continually growing with support from many others with market ready products joining the space and fulfilling their promises to make it easier for the world to use Litecoin. The post Litecoin Drops 10 Percent After LitePay CEO Ceases Operations appeared first on Bitcoin Network, News, Charts, Guides & Analysis.
Analytics business Biotron.io has launched its Public Initial Token Event and proprietary BTRN token to drive crowdfunding for its personal data analytics platform. The BTRN utility token will be used to facilitate payment for data between data producers (Biotron users) and customers of Biotron’s analytics products. Biotron closed their private Initial Token Event yesterday having raised a total of 5200 ETH. Biotron is a fully transparent data analytics platform. It gives users control over what data is being collected and how it is used, and provides customers with datasets and data products of unparalleled quality, giving them valuable insights for their businesses. Its vision is to tear down data silos created by technological giants and enable innovation in various industries. Organisations like Cambridge Analytica should never have the chance to use people’s information without their consent. Biotron and blockchain are bringing change to the data analytics industry by helping people to control and monetise their personal data. — Pavol Magic, CEO – Biotron.io Biotron’s public crowdfunding will be held over nine rounds and concludes at 15:00 UTC on the 5th of April 2018. The initial value of the 1 BTRN is 0.10€. Each 24-hour period of the Initial Token Event represents one round. The BTRN value increases by 0.01€ per round. At the final round 9, 1 BTRN = 0.18€. Contributors can participate in the token event using Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) only. During the ITE, BTRN tokens are created as ERC-20 cryptographic tokens on the Ethereum protocol.* Once the Biotron.io blockchain is launched, the ERC-20 based BTRN will be replaced by the proprietary BTRN. Distribution of tokens will commence on the 9th of April. To contribute to the token event, participants can begin the registration process at ite.biotron.io and will be required to pass a KYC (Know your Customer) and AML (Anti Money laundering) process in order to be accepted by Biotron. A step-by-step guide has been created for the contribution process and is available here. The actual ETH-EUR exchange rate used for each round will be inline with the Euro exchange rate. It will be calculated as a 1-day (24h) moving average of the day and announced daily. To request an interview with Biotron’s CEO, Pavol Magic, please contact Renata Smolkova at [email protected] Pavol can discuss all topics in this release and is an expert in the monetisation of data products. The post Biotron.io Launches Public Initial Token Event appeared first on NewsBTC.
Reddit no longer accepts Bitcoin payments for its premium membership program, Reddit Gold, although the feature may return to the social media platform in the future. Last week, a Reddit user noticed that he or she was unable to use Bitcoin to gift another user a Reddit Gold subscription, a common way to show appreciation The post Reddit Disables Bitcoin Payments Amid Coinbase Commerce Overhaul, But Are They Gone Forever? appeared first on CCN
There are many ways to utilize blockchain technology in a meaningful manner. The Flixxo team is taking a unique approach in this regard, as they want to use smart contracts and BitTorrent technology to create a decentralized content distribution network. It is not the only venture trying its hand at this business model, but it’s still an interesting concept to keep an eye on. The Idea Behind Flixxo As most people know, content distribution usually relies on centralized service providers. While that is not exactly worrisome, there is room for competition in this area. With Flixxo, a peer-to-peer network is created where authors can distribute and monetize their creations. Anyone who helps them share their content – known as “seeders” – will receive a small kickback as well, which should incentivize a sufficient amount of people to jump on this opportunity. The Underlying Technology At its core, Flixxo will make use of the BitTorrent protocol for distributing content and blockchain-based smart contracts to handle its other aspects. Establishing a social video distribution platform that is fully decentralized will not be easy, and it remains to be seen if this concept will gain any traction. Users can lend their storage and bandwidth in exchange for the native Flixx token, which will be handled through the associated smart contracts. As all videos “hosted” on Flixxo are stored in a distributed manner, they will always remain accessible. This makes it very different from platforms such as Netflix and Crunchyroll, while still providing the same degree of convenience and accessibility. Users of the Flixxo network will share all content on their devices with the rest of the world. By using the BitTorrent protocol, Flixxo aims to ensure there will always be sufficient seeders to make content accessible. For content producers, Flixxo can share earnings from their creations with the network supporting their distribution. It also ensures that creators receive revenue directly, as there are no intermediaries involved. It will liberate the content production and delivery industry as a whole, assuming this project works as advertised. Flixx Token use Cases As is customary, Flixxo also has its own custom token, known as Flixx. This token is used to watch videos, monetize creations, and provide network incentives. Additionally, advertisers can target a specific audience by using the Flixx token. With a fixed supply of Flixx tokens, the team is confident they can create an organic token economy in the coming years. Flixxo Roadmap and Development Ambitious projects like this one usually have a roadmap of some sort. For Flixxo, it seems the focus now lies in setting up their LA headquarters and ensuring the platform becomes fully functional. Later this year, the platform will see its first network integration with another video content delivery solution. A marketplace and decentralized Flixx exchange are also scheduled to launch in late 2018, although these time frames may need to be pushed back if something goes awry.