Tag Archives: Markethive

Another Crypto Startup Targets the Public With New Fear-busting Mascot

Another Crypto Startup Targets the Public With New Fear-busting Mascot

Silicon Valley-based financial services startup Figure has launched a bid

to make distributed ledger technology more approachable – by creating a crypto-themed mascot that its masterminds hope will dispel public fears about blockchain technology. This is “Blockchain,” an anamorphic, talking, walking, wisecracking stack of blocks that is not only huggable and cute, but also wants to educate you on “how fast and convenient” Figure can apply and secure loans. The lovable mascot also wants to tell you all about “how the power of blockchain makes the post-loan process more efficient, secure and less costly.” The Financial Times, so often a source of crypto-skepticism,

took the news with a pinch of salt, quipping,

“We now have a personification of the marvel that is the distributed dream-ledger. And what’s especially lucky is that personification of the blockchain has given unto us a literal blockhead.”

But Figure appears to be deadly serious about the educative powers of its new mascot project.

Brad Simmons, Figure’s chief marketing officer, stated,

“Rather than ignore the challenge of educating consumers about blockchain technology, we chose to embrace it. We saw an opportunity to own the demystification of blockchain by creating a relatable and helpful character named Blockchain who will work to bridge the knowledge gap and break down the benefits of blockchain technology in easily digestible terms.”

The company is set to feature its new mascot in ad campaigns that air across broadcast and digital platforms in the United States, with 30-second spots and a longer video set for release.The ads will explain how Figure integrates blockchain technology in its product portfolio, which includes mortgage refinancing, a home equity line and student loan refinancing. But this cuddly mascot has also been charged with an important mission: helping the public overcome its blockchain fright.

Simmons says that some people are scared of blockchain technology or “confuse it with something volatile and potentially scary,” and claims that “very few folks really understand what blockchain’s capabilities are.” And that is where this cute block-shaped mascot comes in. The longer film, entitled “Meet Blockchain,” shows the adorable Blockchain team up with other puppet friends to separates blockchain tech from the “scary rumors surrounding cryptocurrency” – while demonstrating how Figure uses the technology to “make the post origination loan process faster and easier than the way things are traditionally done.”

Article Produced By
Jarosław Adamowski

Jaroslaw is a regular contributor to Cryptonews.com, who's writing in depth analysis about the cryptocurrency and blockchain space, going for interview with this industry players. Jaroslaw is a freelance journalist with a focus on Central and Eastern Europe. He is based in Warsaw, Poland. In addition to covering the latest developments in the region’s cryptocurrency industry, he contributes to a number of industry magazines and news sites.

https://cryptonews.com/news/another-crypto-startup-targets-the-public-with-new-fear-bust-5786.htm

Heiko Closhen, Entrepreneur

XRP Friendly Giant SBI in Deal to Use World’s Largest Bitcon Mine’

XRP Friendly Giant SBI in Deal to Use ‘World’s Largest Bitcon Mine’

Crypto-keen Japanese financial giant SBI has confirmed plans to collaborate with Whinstone,

an American company that is currently building what will become the United States’ largest data center – and what its operators claim will be the world’s largest Bitcoin (BTC) mining facility. The deal, per a joint press release, will see SBI team up with the American company, which is owned by Frankfurt-headquartered mining operator Northern Data. SBI’s mining arm SBI Crypto will set up shop in the new data center in Texas.

The companies revealed that they had been in talks regarding possible cooperation since the start of 2019. The new deal will see the American and German companies work with SBI Crypto on developing more “projects related to blockchain technology,” as well as “joint software development and deployment.” SBI appears to have alluded to the new Texas project in its most recent presentation to shareholders, where it stated that it was closing down one international mining facility and looking to move into the American market. The news comes hot on the heels of an SBI investment in crypto risk management platform Elliptic. And SBI’s blockchain spending spree will likely not end there.

The press release’s author wrote,

“SBI Crypto is also positioned for potential equity participation in Northern Data.”

Northern Data unveiled its plans for the facility last year. The facility is set to mine Bitcoin, and will have a 1-gigawatt capacity. Its constructors say the arm will be ready by the end of Q4 2020, and are building it in a patch of land purportedly over 400,000sqm in size.Meanwhile, SBI is know for praising Ripple (XRP), also stating that XRP is the most “practical and usable” token around. SBI and Ripple have a deep business partnership, and Yoshitaka Kitao, CEO of SBI, is a member of the latter company’s board. Also, SBI is among the investors that injected USD 200 million into Ripple in December 2019. Moreover, the holding aims to issue XRP tokens as company-wide shareholder rewards.

Article Produced By
Tim Alper

Tim Alper is a British, South Korea-based journalist, a regular contributor to Cryptonews.com, who covers cryptocurrency and blockchain related news daily, writes in depth analysis pieces about the latest trends in the cryptocurrency and blockchain space. Tim has over 12 years of media experience. He has written for the BBC, the Guardian, the Jewish Chronicle, Chosun Ilbo and many other media outlets, covered cryptocurrency and blockchain related news. He has also collaborated on media projects with the likes of Samsung, Sony, LG, Hyundai, Korean Air, TÜV SÜD and Shell.

https://cryptonews.com/news/xrp-friendly-giant-sbi-in-deal-to-use-world-s-largest-bitcon-5783.htm

Heiko Closhen, Entrepreneur

Litecoin News Today Will Litecoin Hit 100 Despite The Current Bull Run?

Litecoin News Today – Will Litecoin Hit $100 Despite The Current Bull Run?

 Litecoin LTC price is still bullish

  • The $100 mark may be around the corner

  • The bears may return for LTC price to reach $100

Litecoin news today – The Litecoin price is reportedly going bullish again. As of when this content was published the LTC price has crossed the $80 mark and is set to break in the latest spree. The Litecoin price also tested a critical level under $80 thanks to the 4.75% climb it posted in the last 24 hours. Now analysts have turned bullish about the price of Litecoin predicting that it can move up to the $100 mark. While nearly the entire crypto market is in the green today, LTC has now started as one of the top performers. The price of LTC was trading at $82.99 at press time. The bulls are now pushing to break the further after passing the $80 resistance level.

 

Can Litecoin Gather Enough Momentum After Breaking the $80 Mark?

Litecoin News Today – Many analysts are arguing that the LTC bears will hold control before the price of Litecoin can move up to after crossing the $80 mark. However, this seems unlikely. Citing the technical indicators particularly the formation of the rising wedge pattern, the analyst believes that the price of Litecoin price may eventually be struck down, particularly if the coin’s key resistance positions of $80 and $100 fails to materialize on time. If this prediction is accurate, and the price of Litecoin fails to reach $100, then a pullback to $63.66 which is the next support level will be more likely.

RSI (Relative Strength Index) suggests that Litecoin’s price is approaching overbought territory. This does not guarantee a pullback. However, this might be a good time to make a profit. The bulls will remain in control for now, despite bearish indicators. The bulls may have dug into their heels. One analyst Alex_Clay said the Litecoin price is beginning to look like a solid investment. He added that Litecoin’s price has finally broken the range and has increased through the predicted price targets. It is now settling above the major resistance levels.

Litecoin LTC Price May Reach $100 Soon

The analyst’s Litecoin price prediction is shared by LemkeCapital another crypto commentator. LemkeCapital states that LTC price can potentially pump hard. If it manages to close above $85, it will likely run-up to the $100 area. If the coin can break through the above-mentioned resistance level, $150 could be on the horizon. If Bitcoin’s price continues its climb as we approach its halving, LemkeCapital says this may push LTC price to new ATHs. Whatever happens, it appears that the price of Litecoin is determined by its momentum to reach $100.

Article Produced By
Max Mayer

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

https://smartereum.com/186842/litecoin-news-today-will-litecoin-hit-100-despite-the-current-bull-run/

Heiko Closhen, Entrepreneur

MAXathon Blockchain Hackathon by Maxonrow with 15000 Prize Pool in Berlin April 18-19 2020

MAXathon – Blockchain Hackathon by Maxonrow with 15.000€ Prize Pool in Berlin April 18-19, 2020

Maxonrow will host its first-ever MAXathon from April 18-19, 2020 in Berlin,

where participants will have the chance to win from a 15.000€ prize pool and explore how blockchain can be used to create solutions for healthcare, education, and governments using Maxonrow’s SDK. MAXathon will take place at Factory Berlin Görlitzer Park, a community space and startup lab, host of hackathons and events, where Berlin’s diverse network of innovators come together. MAXathon will be free of cost, and in addition to all meals and after-party, it will also feature workshops and activities led by industry leaders for participants who want to take a break from coding.

“Last year, before Maxonrow began launching its product suite, we planned and attended over 30 events around the world to spread the word about the world’s first KYC Blockchain. This year, we want to kick of 2020 with our largest event yet, where participants will finally be able to play around with our SDK and features. We are expecting over 150 participants that include blockchain experts and enthusiasts, developers, students, and experienced techies.” said Carlo Chung, Maxonrow’s CTO.

“A 15.000€ prize pool will be distributed among the top projects of the industry tracks that include solutions for healthcare, government, and education. There will also be awards for winners of the surprise challenges. I think this event is a must for the tech community in Europe as Maxonrow will soon become a key player in the blockchain space.” said Riccardo Lammana, Maxonrow Advisor and Founder of Crypto Wallet Check.

Introducing MAXathon: Maxonrow’s First Hackathon

We are excited to announce our first ever Hackathon to take place from April 18–19, 2020, in Berlin where participants will have the chance to win from a 15.000€ prize pool and explore how blockchain can be used to create solutions for healthcare, education, and governments using Maxonrow’s SDK. MAXathon will take place at Factory Berlin Görlitzer Park, a community space and startup lab, host of hackathons and events, where Berlin’s diverse network of innovators come together.

Build Blockchain Solutions + Learn from Top Speakers and Mentors

MAXathon will be free of cost, and in addition to free meals and an after-party, it will also feature workshops and activities led by industry leaders for participants who want to take a break from coding. Last year, before Maxonrow began launching its product suite, we planned and attended over 30 events around the world to spread the word about the world’s first KYC Blockchain. This year, we want to kick off 2020 with our largest event yet, where participants will finally be able to play around with our SDK features. We are expecting over 150 participants that include blockchain experts and enthusiasts, developers, students, and experienced techies.

Don’t Miss a Chance to Win from the 15.000€ Prize Pool

A 15.000€ prize pool will be distributed among the top projects of the industry tracks that include solutions for healthcare, government, and education. There will also be awards for winners of the surprise challenges. MAXathon is a must for the tech community in Europe as Maxonrow will soon become a key player in the worldwide blockchain space.

Article Produced By
Carolyn Coley

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

https://smartereum.com/186768/maxathon-blockchain-hackathon-by-maxonrow-with-15-000e-prize-pool-in-berlin-april-18-19-2020/

 

Heiko Closhen, Entrepreneur

Bitcoin BTC and Bitcoin Cash BCH social engagement reveals substantial differences

Bitcoin (BTC) and Bitcoin Cash (BCH) social engagement reveals substantial differences

The technical and fundamental differences between Bitcoin (BTC) and Bitcoin Cash (BCH) have set them apart over the years. Now, data from LunarCRUSH reveals that the social engagement of these cryptocurrencies makes that gap even wider.

Interest for BTC increases while BCH is off to a slow start

Since the beginning of the year, Bitcoin entered a bull rally that has seen its price surge by nearly 50 percent. The flagship cryptocurrency went from trading a low of $6,900 on Jan. 3 to recently hit a high of $10,187. The massive bullish impulse seems to be a direct effect of a spike in interest among investors for BTC. According to on-chain analytics data provider Glassnode, a substantial amount of new Bitcoin addresses are being created since early January. The last time new BTC addresses were created at this rate was back in April 2019 leading to a major price increase.

Moreover, there has been a spike in Google searches for the keyword “Bitcoin halving,” adding credence to the fact that demand for the BTC is rising. A similar pattern can be perceived on Bitcoin’s social engagement, based on data from crypto community analytics firm LunarCRUSH. The pioneer cryptocurrency has had 5.6 billion unique engagements, thus far this year. These include the to total amount of posts, comments, retweets, and favorites across all data sources. Twitter alone accounts for over 1.44 million tweets while Reddit has seen over 29,000 unique posts related to BTC.

Meanwhile, Bitcoin Cash seems to have outperformed Bitcoin in terms of price appreciation. BCH skyrocketed 142 percent during the same time span when Bitcoin rose 50 percent. However, the Bitcoin Cash community does not show the same levels of activity. Data shows that BCH’s total unique social engagements hovers around 137 million since the beginning of the year with 46,000 tweets and 800 Reddit posts. The lack of interest that market participants have shown in Bitcoin Cash this year shows that this cryptocurrency has a long way to go before it can compete with Bitcoin. Although investors could have profited the most by trading BCH, the flagship cryptocurrency looks better in the long-term.

Article Produced By
Ali Martinez

Technical Analyst at CryptoSlate

After Ali began forex trading in 2012 In 2014, he came across Bitcoin’s whitepaper and was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started buying Bitcoin. By 2015, he started traveling to spread the word about Bitcoin.

https://cryptoslate.com/bitcoin-btc-and-bitcoin-cash-bch-social-engagement-reveals-substantial-differences/

Heiko Closhen, Entrepreneur

Basic Attention Token jumps 11 as Binance Futures launches BAT perpetual contracts

Basic Attention Token jumps 11% as Binance Futures launches BAT perpetual contracts

Basic Attention Token derivatives on Binance

In a recent blog post, the world’s largest cryptocurrency exchange by trading volume Binance revealed that it will launch a Basic Attention Token perpetual contract on its crypto derivatives trading platform, Binance Futures. The newest financial instrument will be leveraged and paired against stablecoin Tether (USDT). The BAT/USDT perpetual swap is scheduled to begin trading on Feb. 13 at 08:00 AM (UTC) and traders will be able to select any leverage from 1x up to 50x. According to Changpeng Zhao, Binance’s CEO, the high leverage on this contract aims to meet professional traders’ demand for such products.

Zhao explained:

“We have seen an increase in institutional participation in trading, and these professional traders seek out the most efficient ways to trade very quickly, both in terms of cost and performance.”

The announcement appears to have sparked interest among market participants in Basic Attention Token pushing its price up significantly. Despite the bullish impulse, this cryptocurrency could face a retracement.

The uptrend could find an exhaustion point

The TD sequential indicator is currently presenting two sell signals on BAT’s 4-hour chart. One in the form of a green nine candlestick and the other as a sequential 13 candle. These bearish formations estimate that Basic Attention Token could retrace for one to four candlesticks before continuing its bullish trend. A spike in the selling pressure behind this cryptocurrency around the current price levels could validate the bearish outlook. BAT could then plunge to the 78.6% Fibonacci retracement level at $0.285.

Breaking below this support level could ignite a steeper decline to the 61.8 or 50 percent Fibonacci retracement levels. These barriers of support sit at $0.256 and $0.236, respectively.Nevertheless, as the launch date of the BAT perpetual contract approaches, demand for this cryptocurrency could increase. If Basic Attention Token is able to close above the recent high of $0.322 it could climb to $0.369 or $0.394.Basic Attention Token, currently ranked #29 by market cap, is up 11.14% over the past 24 hours. BAT has a market cap of $449.59M with a 24 hour volume of $149.63M.

Article Produced By
Ali Martinez

Technical Analyst at CryptoSlate

After Ali began forex trading in 2012 In 2014, he came across Bitcoin’s whitepaper and was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started buying Bitcoin. By 2015, he started traveling to spread the word about Bitcoin.

https://cryptoslate.com/basic-attention-token-jumps-11-as-binance-futures-launches-bat-perpetual-contracts/

Heiko Closhen, Entrepreneur

Banking amp Financial Head of Japans Liberal Democratic Party Calls for Swift Development of a Digital Yen

Banking & Financial Head of Japans Liberal Democratic Party Calls for Swift Development of a Digital Yen 

  • Kozo Yamamoto has said this week that the country should start looking into a digital yen over the next two to three years.

  • This is great for the crypto industry for many reasons no doubt however, whether the timeline is realistic or not remains to be seen.

The head of banking and financial systems research commission at the Liberal Democratic Party in Japan, Kozo Yamamoto has said this week that the country should start looking into a digital yen over the next two to three years. This is great for the crypto industry for many reasons no doubt however, whether the timeline is realistic or not remains to be seen. According to reports on the 10th of February by Reuters, Yamamoto said that plans for its ‘essential’ digital currency should be included in the governments mid-year policy guidelines. He further went on to add that digital currency has the potential to quickly spread in emerging economies in giving a leg up in order to advance its digital market. Because of this, he went on to say that the development of digital yen

must be swift:

“The sooner the better. We’ll draft proposals to be included in government’s policy guidelines, and hopefully make it happen in two-to-three years. […] If each country manages to control flows of money with their own (digital) currencies, that could prevent a big swing at a time of crisis and stabilize their own economy.”

The words from the Japanese lawmaker follow those of the former economic minister and ruling party member Akira Amari, who said in the past that he wants to issue of central bank digital currency in order to counter Chinese upcoming digital Juan. Despite this, Yamamoto has admitted that even though the spread of interest in the central bank digital currencies could undermine the dollar’s grip, it could also stabilise emerging markets that rely on the dollar such as Cambodia.

Article Produced By
Robert Johnson

Robert is a keen investor with a particular interest in cryptocurrencies. He has been involved in the industry for many years, and because of this, has gathered a lot of knowledge surrounding this area. He studied English at university level and has a passion for writing. He loves being able to combine his two mains interests on a daily basis.

https://cryptodaily.co.uk/2020/02/banking-japan-lib-dem-party-swift

Heiko Closhen, Entrepreneur

What Are Bitcoin Whales Planning?

What Are Bitcoin Whales Planning?

The price of Bitcoin is showing signs of weakness.

It has started the day in red and is now eyeing further downside. The probability of a decline down to the $9.3k level is quite high at the moment but we have to look at more than just that. We need to understand what the whales are planning at the moment. To see that, first we have to look at why BTC/USD rallied past $10k. It was once a strong psychological support that was broken and had now become a strong psychological resistance. So, a lot of traders that entered aggressive shorts in the $8k territory had their stops just above $10k. 

Now Bitcoin whales and the market makers have clearly shaken out most of those bearish positions. However, there may still be some left around $10.5k that they would want to shake out. Before they do that, they want to hit the honey pot just below the $9.7k region where a lot of retail bulls have their stops. This could aggressively pull the price down to $9.3k in the near future. If the price finds support there, we could expect a rally to $10k once again and even higher to $12k before the next major downtrend. This is the big players in this market desperately setting the ground to prey on retail traders now that they have run out of other ways to make money as retail interest has declined drastically. 

These are attempts to pump life back into the market and to discourage the bears from shorting it. However, it cannot go on for long. The upcoming halving is the whale’s only tool to get retail traders excited but we can see very clearly that retail money has failed miserably to push the price up which is why the whales and the market makers repeatedly come to the rescue with their obscene buy orders to pump the price up. The thing is though, these big players will cash out and when they do it is all going to come crumbling down. 

Bitcoin dominance (BTC.D) has once again plunged below the 100-week exponential moving average but we would need to see a close below it to expect further bullishness in altcoins. Meanwhile, the EUR/USD forex pair seems ready to decline down to the 61.8% fib retracement level. WTI Crude Oil (USOIL) is awaiting a similar decision which means that we might be close to a major move in the cryptocurrency market in the near future. Unfortunately for most retail traders that are blinded by the halving FOMO, it could end terribly bad as there is no way the big players in this market are going to let retail traders walk away with easy money. 

Article Produced By
Jefe Caan

I work as the key Trading Analyst for Crypto Daily and provide the team with regular analyses and updates regarding the technical performance of all cryptocurrencies on the market. I am responsible for the production of articles and posts for Crypto Daily’s own technical analysis section and spend my time monitoring and commenting on the varied moves the markets make on a daily basis.

https://cryptodaily.co.uk/2020/02/what-bitcoin-whales-planning

Heiko Closhen, Entrepreneur

Japanese Official Calls for Development of Digital Yen in Two-To-Three Years

Japanese Official Calls for Development of Digital Yen in ‘Two-To-Three Years

Kozo Yamamoto, a senior lawmaker from Japan’s ruling Liberal Democratic Party,

has called for the development of a digital yen within “two-to-three years” to counter the digital currency initiatives of China and Facebook. According to Reuters, Yamamoto commented a draft proposal for the development of the government’s digital currency will be included in the government’s policy guidelines.

He was quoted as saying:

The sooner the better. We’ll draft proposals to be included in government’s policy guidelines, and hopefully make it happen in two-to-three years.

The lawmaker’s proposal comes shortly after a group of Japanese lawmakers proposed the creation of a digital yen over concerns surrounding the Libra stablecoin and China’s digital currency initiative. Speaking to Reuters, Yamamoto revealed he will be working with the lawmakers, led by ruling party heavyweight and former economy minister Akira Amari, to push the government to adopt their proposals.

The news outlet notes that Japan is unlikely to issue its own digital currency in the near future over the technical and regulatory challenges associated with the move. The proposals, however, show Japan wants to curb the potential influence China’s digital currency and the Libra cryptocurrency may have. Japan’s central bank has been participating in initiatives to research central bank digital currencies (CBDCs) and their potential impact. As reported, it recently joined hands with the central banks of the European Union, Canada, England, Sweden, and Switzerland to explore digital currencies. These digital currencies, Yamamoto said, could help stabilize emerging markets that rely heavily on currencies like the U.S. dollar.

He said:

If each country manages to control flows of money with their own (digital) currencies, that could prevent a big swing at a time of crisis and stabilize their own economy.

Article Produced By
Francisco Memoria

Francisco is a cryptocurrency writer who's in love with technology and focuses on helping people see the value digital currencies have. His work has been published in numerous reputable industry publications. Francisco holds various cryptocurrencies

https://www.cryptoglobe.com/latest/2020/02/japanese-official-calls-for-development-of-digital-yen-in-two-to-three-years/

 

 

Heiko Closhen, Entrepreneur

Ethereum Foundation Researchers ‘Hoping’ for ETH 20 Launch by 30 July 2020

Ethereum Foundation Researchers 'Hoping' for ETH 2.0 Launch by 30 July 2020

According to an "Eth 2.0 Research Team AMA" that took place on Reddit last Thursday (February 6),

which involved Ethereum Foundation's Danny Ryan and Justin Drake, the team says that it is "unlikely" that ETH 2.0 will launch in Q1 or Q2 of 2020, but is "hoping" for launch by 30 July 2020, and extremely confident of the launch happening before the end of the year. 

When asked about the expected launch date for phase 0 of ETH 2.0, Drake said:

I'm hoping we can launch by July 30, 2020 (the 5th anniversary of Ethereum 1.0). I think it's unlikely we will launch in Q1 or Q2 2020 especially if we want three clients to be production ready for launch.

He was then asked if he would consider it a failure if the launch of phase 0 did not happen in 2020: "Yes, it would be a failure. I have 95% confidence we will launch in 2020 :)" Ryan seemed even more confident about the launch of phase 0 in 2020:

"Phase 0 will certainly launch in 2020. Audits are out and testnets are getting stronger every week. Estimates depend on both the spec and clients getting (relatively) clean bills of health in 3rd party audits. The rest depends engineering concerns and stablizing/optimizing in this last mile of work. "I don't see a reality in which Phase 0 does not launch in 2020."

Article Produced By
Siamak Masnavi

Siamak received his PhD in Computer Science from University of London in 1992. He has worked as a research scientist, technical author, software developer, and journalist. Since 2014, he has been researching cryptocurrencies and other applications of blockchain technology.

https://www.cryptoglobe.com/latest/2020/02/ethereum-foundation-researchers-hoping-for-eth-2-0-launch-by-30-july-2020/

Heiko Closhen, Entrepreneur