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Blockchain Offers Viable Alternative to Outdated Online Advertising

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Can blockchain technology disrupt today’s woefully outdated online ad tech? Let us know what you think in the comments below.

Even a decade ago, television was the sole king of advertising, while the internet had to take its dust together with billboards and radio ads. Over the years, however, the situation has changed: last year, online advertising has outgrown television for the first time in history, with more than $200 billion spent on ad campaigns on the internet.

It is fairly obvious that the internet provides advertisers with an incomparably wider range of tools that TV could possibly offer. Television is incapable of allowing them to address to a specific audience, and the coverage of TV ads is gradually declining as more and more people prefer to use the internet for entertainment. Still, television has one significant advantage over the online environment when it comes to advertising: it has never seen as many problems as the internet related to ad campaigns.

The Plagued Industry

There are numerous issues plaguing online advertising that old-fashioned media could not even imagine. They include but are not limited to various frauds, lack of user consent to see ads, imprecise targeting, banner blindness, and privacy concerns. All in all, the model widely accepted in the existing online ad industry has let down both advertisers and audiences.

Added to that are thousands of intermediaries and utter intransparency of payments that tangle the matter even worse. For example, existing real-time bidding platforms that enable advertisers to compete for the chance to show you that ad you’ve already gone really sick of before that YouTube video you really want to watch, never disclose the bids or provide any other substantial information to prove that the highest bidder is actually the highest bidder. All they do is state the highest bid, and that’s it.

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Bitcoin Price Trend in 2018 is Nearly Identical to Previous Movements

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Some cryptocurrency community members believe that a piece of historical technical analysis indicates that Bitcoin’s price could be headed upwards real soon.

Historical Technical Analysis Methods: Wyckoff Method

According to a post put together by Reddit user, “CryptoPorto,” Bitcoin’s price could be mirroring the hypothetical chart of a strong price reversal.

The chart which the Reddit user used (shown below) was derived from Richard Wyckoff’s teachings, from the early 1900s. As you can see, the two charts below look eerily similar, almost identical in-fact, with Bitcoin’s current price action following a steep decline after a short period of sky-high prices.

According to the chart, Bitcoin could be seeing a price ‘spring’ within the next few days, perfectly in line with the Wyckoff method.

For those who are unaware, the Wyckoff method uses a variety of laws and scenarios to try to predict the price movement of a publicly traded asset. These laws are as follows:

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What You Need to Know Before Investing in Cryptocurrency

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Why do you invest in cryptocurrency? Let us know in the comments below! 

Want to get into cryptocurrency? Here’s what you need to know before you invest. 

Know Yourself

A lot of people are investing in cryptocurrency and it’s becoming increasingly clear that it’s not just a passing fad. It’s also clear that it’s potentially very lucrative — though not without risks. So, before you invest in cryptocurrency, it’s a good idea to have a goal in mind and know how much you can afford to lose.

Not many people ask themselves why they are you investing? Most will say it’s to make money quick, while others will say it’s a future investment in blockchain technology. For others, it might just be out of curiosity. These are already very different reasons that should produce very different strategies.

For short-term gains, it would make sense to buy low and sell high — but there’s a lot more to it than that. You’d need to choose a coin with high liquidity, have a sense of risk management, and rebalance your portfolio every so often. Without a plan, you’re simply not going to produce good results.

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Bitcoins Seized From Bankrupt BitGrail by Italian Authorities

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Were you affected by the BitGrail hack? Tell us your story in the comments below! 

Authorities in Italy have seized bitcoins from the company wallets of controversial exchange BitGrail as part of standard pre-bankruptcy proceedings. BitGrail was hacked in February 2018, with $170 million dollars’ worth of Nano stolen — which subsequently lead to a major price crash for the coin.

BitGrail’s blog was updated today, June 15, 2018, with the following announcement:

On June 5, 2018, pursuant to the Tribunal of Florence orders, the Bitcoins contained in the company’s wallets were seized and brought under control of the judicial authorities pending further Court decisions in the prebankruptcy proceeding.

A news update on the website in May declared BitGrail would reopen on May 2, 2018, but was closely followed by an announcement stating the Italian court of Florence had issued a deed “requesting the immediate closure of BitGrail” and that BitGrail would comply.

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Ethereum Classic (ETC) Technical Analysis (June 16, 2018)

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There is excitement in the ETC world and it’s palpable if we go with statistics. Shortly after the news, ETC gained 22 percent pushing its market cap to $1.44 billion. However, contrary to expectations, ETC prices have been moving within a tight trade range with limits at $16. Should we see appreciation past that level, then we it would be a go for buyers.

Let’s have a look at these charts

From the News

The listing of Ethereum Classic was a head scratcher for many. Some were wondering what founded the rationale behind CoinBase listing a coin that ranks eighteenth in the crypto standing. But, what many forget is that ETC precedes the like of Ethereum whose figure head is the Vitalik Buterin. Besides, they still maintain a no coin burn policy. Unlike other high cap coins as EOS and Ripple which many online commentators were backing to be next of queue, ETC maintains decentralization policy and is completely open source.

As a matter of fact, shortly after their ETH hard fork, the development of Ethereum was split between different development group. Charles Hoskinson of Cardano oversees some bit of ETC development. No one has total control of ETC. As such,  this listing is set to benefit no one in particular but the community, early investors and hodlers. It would be a different case if XRP-despite all their offers in exchange for listing or EOS because all those moves entail direct capital gains to Ripple the company and Dan Larimer’s Block One both which are private companies controlling a considerable stake at XRP and EOS.

So, buoyed by these news, Ethereum Classic now has an incubator program where they plan on investing anywhere between $50,000 and $150,000 for three promising start-ups in exchange for nine percent equity. The program initiated by Digital Currency Group, Digital Finance Group and HCM would offer in-depth development and investment advice besides office space, networking, training amongst others once they launch their projects on the Ethereum Classic blockchain.

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Earn Money with Cryptocurrency Mining While Being Environmentally Friendly

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A bicycle supplier made the 15th anniversary being in the business very special and smartly celebrated. The firm 50 Cycles has announced it will launch an electric crypto-mining bike.

Crypto-Mining Outdoors

Toba bikes – the electric bicycles will be available from September for delivery. Toba mines a so-called LoyalCoin which will be changing hands at $30 in the event that you ride 1.000 miles. according to CyclingIndustryNews.

Founder and CEO of 50 Cycles: Scott Snaith added:

“This is not only the first electric bike of its kind. But it will also be the first product ever to be tokenised and which issues reward for use.”

You can redeem the tokens them at various 50 Cycles stores. Swap them for various other digital currencies – many of which the official website of the company accepts.

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Breakdown of IOTA’s Qubic Compared to Ethereum (ETH) Smart Contracts

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IOTA (MIOTA)–Two weeks ago, the IOTA Foundation released news concerning the long-anticipated Qubic Project. While Qubic does not constitute a new currency or coin offering, it will function as a significant improvement to the existing IOTA framework, particularly through the application of smart contracts. The press release concerning the launch of Qubic highlighted that the new protocol would focus on smart contracts, allowing for micropayments to be made through Tangle, in addition to providing an incentive for IOTA users to contribute to network function.

Tangle has been the key innovation for IOTA and the support of the IOTA Foundation, providing a technology that scales with network use. As opposed to Bitcoin’s transaction model, which relies upon miner fees that increase greatly with network congestion (reaching as high as 55 USD during last December’s high), Tangle employs a more efficient use of resources while avoiding the need for monetary fees. Instead of spending a percentage of their coin on transactions, IOTA users “pay” by providing computing power to support the consensus protocol for the entire network. As more users participate in IOTA and contribute to the network, the ability for the platform as a whole to handle more transactions also increases. Which means, the limitation to scale for IOTA is nonexistant, with the ability to handle greater volume rising with greater user participation.

Hence, the significance of IOTA’s Qubic providing an “incentive” for users to participate on the network. When it comes to Tangle, the greater the participation, the greater the utility. Smart contracts are also a major highlight to Qubic, and allow IOTA to challenge Ethereum as the most dominant currency in the field of contracts. As Reddit user u/Serialnvestor, pointed out in this analysis of Qubic vs. Ethereum smart contracts, IOTA has a significant advantage over Ethereum due to how the consensus mechanism operates:

Tangle qubics (once qubic goes live) will rely on a single quorum, or a group of quorums to perform a computation. Ethereum smart contracts rely on every machine processing every transaction. The ethereum network has a hidden flaw. Blocksize. The ethereum network has a gas limit rather than a block size. The ethereum network is composed of light nodes and full nodes. However with an unbounded blocksize, the network latency requirements to actually run a full node go up. And network latency does not obey moore’s law. What this means is that as the number of people who run full nodes goes down the ethereum network becomes more centralized.

IOTA, rather than relying upon each individual machine to participate in the consensus of smart contracts, is employing a quorum approach. From the definition of quorum: the minimum number of members of an assembly or society that must be present at any of its meetings to make the proceedings of that meeting valid. Execution of smart contracts, via Tangle, will institute a quorum-based approach for Qubic, meaning that a certain percentage of network users will be recruited to guarantee the security and consensus of the contract, without actually having to be validated by the entire network. The end result is greater efficiency and less time spent recruiting machines across the network. It would be similar to paying a fraction of an electorate base to verify the voting process for a political race, as opposed to requiring the consensus of every individual in a country.

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Ethereum Futures: CBOE Chief Says SEC Decision Clears the Way

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Do you think potential Ethereum futures will be good for its price? Or will it follow the course of Bitcoin? Don’t hesitate to let us know in the comments below!

Following SEC’s announcement which separated both Bitcoin (BTC) and Ether (ETH) from securities, CBOE’s President said that this could increase the chances of regulators signing off on Ethereum futures.

The Market Rebounds

On June 14th, the SEC officially announced that it won’t consider Bitcoin bitcoin and Ether as securities, thus putting the long wait to its end. Naturally, the market responded immediately.

Despite being in a state of major correction, the overall cryptocurrency market saw gains of almost $20bln in just a few hours after the news broke out, marking an increase of almost 7 percent according to CoinMarketCap.

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Ripple’s (XRP) Execs Confident that Reserve Bank of India will Overturn Ban on Crypto

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News reaching Ethereum World News, indicate that Ripple (XRP) Company Executives, are confident that the currently standing cryptocurrency ban by the Reserve Bank of India (RBI) will be overturned.

The Times of India reported that the company is betting on Basel Norms and the RBIs own panel report on digital currencies. The latter could provide a new framework that could result in the said overturning of the ban. This is after the RBI was found out to have not carried out ample research before issuing the order in the country.

With respect to Ripple betting on the Basel Norms to also revert the ban, these are the standardized regulations for central banks around the globe. They are refereed to as the Basel Norms for Basel, in Switzerland, is the headquarters of the Bureau of International Settlements (BIS). India’s Central Bank (RBI) has accepted the Basel Norms for banking, in its operations and practices.

Dilip Rao, who is Ripple’s Global Head of Infrastructure Innovation said that unlike Bitcoin and other cryptocurrencies, XRP is designed to enable remittances of fiat currencies and not to replace them. With RippleNet being continually accepted amongst several global central banks, Mr. Rao is quoted as saying that:

There is a great regulatory comfort with Ripple Net — particularly in the light of the Bank for International Settlements’ policy requiring central banks to have a backup for payment systems having non-similar technology.

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‘Centralized Exchanges Are Cancer’: Coinbase Shuts Gab Social Network’s Account

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Do you support Coinbase’s decision to close Gab’s account? Share your thoughts below! 

Gab, a social network messaging platform that describes itself as a place “where people, free expression, and individual liberty come first,” has announced that its Coinbase account was suddenly closed by the popular US-based crypto exchange. 

Gab: Centralized Exchanges ‘Contradictory to Everything Crypto Stands For’

Gab is a relatively young social networking platform launched in August 2016 as a response to censorship controversies involving major social media companies — such as Facebook and Twitter — which founder and CEO Andrew Torba calls “the entirely left-leaning Big Social monopoly.”

It has been battling this “Big Social Monopoly” in court with a legal fund that accepts donations in PayPal, Bitcoin, and Ethereum. In an email to Breitbart Tech, Torba claimed the Gab Legal Fund “will be used to directly explore any and all legal options against the anti-competitive actions of the Silicon Valley oligopoly.”

Now, the alternative social network announced that Coinbase has closed its account on the exchange — presumably used to send, receive and cash out cryptocurrencies — without providing any specific explanation.

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