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Bitcoin, Ethereum, AltCoin and ICO News

Bitcoin Ready to Test 12k

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This is a three-week high, and from a technical perspective the dominant cryptocurrency looks set to test the long-term inflection point of 12,000USD.

Most importantly Bitcoin (BTC) is up 85% since it dipped below $6000 on February 6th and created a “V” shape rally, however most observers believe that this is still a bear market.

If bitcoin however can break 12k and beyond, it might be a strong signal that the bear market is over.

Historical data shows that the average bitcoin bear markets last 71 days. We are now at the 66th day of the decline since it started on 17th December, which might be a coincidence, or it might show that the bitcoin cycles might be more rhythmic than many realise.

The Belgian deputy Prime Minister Alexander De Croo is leading the bull market conversation. De Croo is pushing for a future Europe that is supported by blockchain technology and hopefully in eyes headquartered in Belgium. Alexander De Croo said by 2020 the country plans to be ranked in the digital top three in the European Digital Economy and Society Index, become home to 1,000 new startups and create 50,000 new jobs.

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The Railway Transport Moves Towards Using Blockchain Technology

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On 15 February, within the Russian Investment Forum in Sochi, a memorandum of cooperation was signed between Novotrans, one of the largest railway rolling stock operators in Russia and the CIS, and UniversaBlockchain. The representatives of Novotrans told BitJournal.mediaabot this event.

“The main objective of our joint project with Novotrans is toperform the digitization of the train cars, transferring their statutes (loading, unloading, location) to blockchain and to include all details and specifics of the train maintenanceto the digital history of railway carriages. If all rolling stock processes are transferred to blockchain, it is impossible to fake or change any information about the railway carriage and the goods carried inside. This informationcan also be accessed by each participant of the network or transaction at any moment.

The “properblockchain” can significantly reduce production costs and speed up all the processes, and that is why this idea attracts not only big business, but government sector as well, including ArkadyDvorkovich, Deputy Prime Minister of the Russian Federation and Chairman of the Board of Directors of JSC Russian Railways, who has expressed his interest in the technology,” said Alexander Borodich, founder of the Universa.io blockchain platform.

The joint project came into force upon signing the agreement. It can take about a year to fully transit the company’s cars to blockchain, forNovotrans operates tens of thousands of the train cars. Universa is the blockchain project which raised $28 million in token sale. It focuses on creating smart contracts in the real economy with the wide scope of application, from electronic keys in aerial vehiclesto transactions between financial institutions. The current speed of transactions on the Universa platform reaches 22 thousand per second.

Original linkOriginal author: Guest Author
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How South Korean Government Prevents Officials from Insider Crypto Trading

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South Korea currently has no law against government officials insider trading with the knowledge of cryptocurrency regulations. The case against an employee of the country’s Financial Supervisory Service (FSS) accused of crypto insider trading has come to a standstill without grounds for punishment. However, the government has worked out a plan to prevent future occurrences.

No Applicable Law Currently

The issue of insider trading using the knowledge of the government’s cryptocurrency regulations became prominent last month when an FSS employee was accused of crypto insider trading. The FSS has an active role in creating crypto regulations as well as inspecting banks for crypto-related money laundering measures.

The employee invested about 13 million won on July 3 of last year and sold more than half of his holdings on December 11, Chosun described. Then, on December 13, the government announced a set of strict regulations, including a ban on crypto trading for minors and foreigners.

Guilty or not, there is no law to punish government officials for insider trading of cryptocurrencies. While employees are prohibited from stock trading using insider knowledge, a senior FSS official was quoted by Edaily explaining:

Currently, there are no provisions in the regulation on virtual currency.

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Ripple Expands its List of Partners With Five More

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Not many other blockchain companies can boast new partners on a weekly basis. Ripple is one that can and, love it or hate it, the San Francisco based global payments provider has added to that list of over a hundred with five more this week.

In addition to banks in Brazil and India, Singaporean and Canadian money transfer service providers have also joined ranks with Ripple. According to reports Brazilian Bank Itaú Unibanco and remittance provider BeeTech have joined RippleNet in order to facilitate faster and cheaper global funds transfers. Indian bank IndusInd is also onboard alongside Canadian company Zip Remit who are all seeking to benefit from blockchain based financial transactions at a fraction of the cost.

Emerging Markets to Benefit Most

Emerging markets such as Brazil, India and China are home to 85% of the global population with almost 90% of people under 30 residing within those markets. They are a huge draw for companies such as Ripple looking to expand product adoption for xCurrent and RippleNet financial transfer platforms and networks. Over $60 billion was transferred into both India and China in 2017 and Brazil saw $600 million arrive from the US.

Head of business development at Ripple, Patrick Griffin, is confident that blockchain solutions are the way forward to improving the lives of users in emerging markets.

“The payments problem is a global problem, but its negative impact disproportionally affects emerging markets. Whether it’s a teacher in the U.S. sending money home to his family in Brazil or a small business owner in India trying to move money to open up a second store in another country, it’s imperative that we connect the world’s financial institutions into a payments system that works for their customers, not against them.”

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Bitcoin Fees Sink to 6 Month Low, Undermining Bitcoin Cash

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Bitcoin (BTC) transaction fees have dipped below than those of Bitcoin Cash (BCH), marking a blow to one of the hard fork’s central remits.

Battle Of The Satoshis

Data from monitoring resources Wednesday confirms the turnaround as BTC continues to see a drop in transaction fees not seen for six months.

In terms of satoshis, the cryptocurrency’s smallest possible unit, BCH’s lower value means a transaction fee of 10,000 sat provides worse value than an equivalent 10,000 sat fee sent in BTC.

The drop also marks a 97% decline to about $0.79 cents from the peak of $34 in USD terms.

Bitcoin Cash proponents have long touted low transaction fees as one of the two major ‘advantages’ the hard fork has over the original Bitcoin network. Together with faster transaction times and greater network capacity, Bitcoin Cash was designed to provide currency-focused services in Bitcoin better than Bitcoin itself could manage.

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Lisk Rebrands in Berlin but Fails to Lift Price

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A relaunch or rebrand usually does wonders for a cryptocurrency or blockchain project. The latest to revamp their look, website, and products is Berlin based Lisk which held an event yesterday. The team addressed an audience of over 500 highlighting new products, core updates, and a vision for the future.

The conference started out with a fancy introduction and a keynote by Max Kordek, co-founder and president of the Lisk Foundation. His main focus was on the goal to make blockchain technology open for everyone through the Lisk platform. Christian Vatter from Rlevance then took the stage to explain how the company achieved its new branding and what Lisk actually is.

Rebranded Lisk Products

In its strive to make blockchain technology accessible for everybody Lisk has built a blockchain application platform for users and developers to build upon, one with aspirations to be so successful that any Javascript developer can jump onboard immediately. The ethos being that it is not about the technology but the benefit to the people.

A new series of product names were then introduced by marketing lead Thomas Schouten. These included Lisk Core which remained unchanged, JS and Lisky which are part of the SDK, were rebranded to Lisk Element sand Lisk Commander, and the App became Lisk Hub. Lisk Nano will be discontinued and Lisk Hub will take its place to act as a one-stop dashboard, combining the functionality from the wallet and blockchain explorer. The presentation continued to show the basic workings and setup of the platform for developers. A series of professional videos were shown before a new website was unveiled to be launched this week.

Jacob Kowalewski then introduced the Lisk Academy which aims to educate on blockchain technology and instruct on how to implement blockchain into business. A technical panel explained Lisk Core 1.0.0. which will be a culmination of development efforts over the last few months. Its release will be a major back end milestone ahead of the rollout of the entire Sidechain Development Kit. Finally, Kordek wrapped up summarizing the event and thanking the contributors and audience.

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Litecoin Price Analysis: LTC/USD Back to Square One

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Litecoin price failed to gain momentum above $250 against the US Dollar. LTC/USD trimmed all of its yesterday’s gains and is currently trading above the $215 support.

Key Talking Points

Litecoin price declined sharply after failing to move above the $252-255 resistance (Data feed of Kraken) against the US Dollar. There is a bullish trend line forming with support at $220 on the hourly chart of the LTC/USD pair. The pair must stay above the $220 and $210 support levels to avoid further declines.

Yesterday, we saw a nice upside move above the $235 resistance in litecoin price against the US dollar. The LTC/USD pair traded towards the $260 resistance, but it seems like it failed to retain the bullish bias above the $250 level and started a downside move.

The pair declined below the $230 level and settled below the 100 hourly simple moving average. However, the downside move found support near the $205-210 area, which protected further declines below $200.

The pair is currently correcting higher and is trading above the 23.6% Fib retracement level of the last decline from the $252 high to $215 low. On the downside, there is a bullish trend line forming with support at $220 on the hourly chart of the LTC/USD pair.

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A Look Ahead at Crypto-Compliance & Regulation in 2018

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Looking forward to 2018, several new pieces of legislation will be voted on or come into effect that will – for better or worse – reshape how ICOs, cryptocurrencies, and their investors function. Whether these laws target cryptocurrencies and initial coin offerings directly doesn’t change the fact that they will have a significant impact on the industry globally.

[Note: This is a guest article by Zarah Tinholt and Matthew Unger]

The past year was a year of many firsts for blockchain, ICOs, and distributed ledger technology (DLT) but 2018 is already making major waves its own right. From long term public companies such as Kodak announcing an ICO to Bitcoin’s price dropping to half of its value only a month prior – the pace of change already feels faster and more ferocious.

Nonetheless, 2018 shows significant risks, threats, and opportunities as the decentralized economy starts to take hold in global financial markets.

Recently, we provided an in depth look at major major trends in blockchain, initial coin offerings (ICOs), and cryptocurrency that took place throughout 2017 from a compliance perspective. They say hindsight is 20/20, so consider this article a compilation of predictions and trends, based on our research – not financial advice nor legal opinion – on major changes and opportunities in compliance and regulation.

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Cardano Foundation Publishes Research on Threat of Quantum Computing

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Blockchain technology and cryptocurrencies can be threatened in some ways. Quantum computing is perhaps of the biggest concerns as of right now. The Cardano Foundation and think-tank Z/YN recently released their findings on this potential threat to public key cryptography.

Cardano Wants to Become Quantum Computing-Resistant

Quantum computing is the next logical evolution in the world of technology. It allows for must faster calculations and unparalleled processing power. At the same time, this technology also poses concerns for public key cryptography. Most cryptocurrencies and blockchains rely on this type cryptography. As such, addressing potential future problems at an early stage is incredibly important.

Cardano is one of the cryptocurrencies focused on building quantum-resistant solutions. More specifically, the currency’s developers will support additional signature schemes in the future. Ensuring their cryptography and blockchain is quantum computing-resistant is a top priority as of right now.  This particular cryptocurrency project prioritizes security and interoperability over anything else.

One of the main reasons Cardano is so appealing is because of its intriguing design. At its core, the currency offers special extensions which allow for adding more signature schemes through a soft fork. With this focus on quantum computing, any major security layer can be added without network disruption. Thus, the only question is if and when quantum computing may become a problem for Cardano.

Conducting Research for Industry Standards

According to the recent study by the Cardano Foundation and think-tank Z/YEN, that is only a matter of time. The study concludes how large-scale quantum computing will effectively break the security of public key cryptography. This will have all kinds of different consequences for solutions built on top of this technology. It extends well beyond cryptocurrencies and blockchain as well. Most online communication services in the world rely on public key cryptography as of right now.

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Fighting Corruption with More Transparent Cryptocurrencies and Blockchains

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Addressing corruption has proven to be a rather problematic venture. Both cryptocurrencies and blockchain may prove to be of great value in this regard. Their lack of anonymity and privacy will help establish a more secure ecosystem moving forward.

Cryptocurrencies Can Address Corruption

Corruption still thrives in this day and age of technological advances. Even though it became easier to hold individuals accountable for their actions, more efforts are needed. Especially when it comes to public financing, new solutions need to be created sooner rather than later. Existing technologies and countermeasures simply do not provide sufficient protection in this regard.

Two specific technologies stand out to make corruption a non-issue in the future. First of all, there are the cryptocurrencies. Bitcoin, Ethereum, and other public cryptocurrencies lack both privacy and anonymity by default. When these currencies are used to exchange value, users can effectively be identified through blockchain analysis. Users converting to and from fiat currency need to verify their identity with an exchange or broker accordingly.

Although these cryptocurrencies do not transmit personal data directly, it is an option worth exploring. Any cryptocurrency can include personal information if the protocol is modified to support such solutions. This can include ID numbers, names, business identification numbers, etc. Additionally, cryptocurrencies offer near-instant transactions and cross-border compatibility unlike any other form of money which exists today.

Making Blockchain Information Even More Transparent

All of this cannot be supported without having the right technology in place. Blockchain technology, which powers all of these currencies, will need to incorporate this additional information. It seems Ethereum may be in a better position to accommodate such changes in the future. It allows for new currencies to be created on top of its infrastructure while still benefit from native technology such as smart contracts and DAOs.

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