Fusion Network, a blockchain-based stablecoin exchange, has announced that $6.4 million USD worth of FSN tokens have been taken from a compromised wallet.
The foundation in charge of the network revealed the theft in a blog post on Saturday, September 28. The post stated that one of the network’s wallets, containing 10 million of the Fusion Network’s native FSN tokens and 3.5 million ERC-20 FSN tokens had been emptied. The blog post went on to suggest that the theft may have been an inside job: “There is uncertain evidence showing that theft may have been caused ...
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
New cases of Bitcoin fraud are back circulating the media. Back in May, the NYPD warned the public about Bitcoin scams, but that hasn’t stopped incidences of fraud from occurring. In the news this week, we have learned of two new Bitcoin fraud cases: one involves a Pennsylvania resident, and the other, interestingly enough, involves Queen Elizabeth II. Well, kind of.
Here’s everything we know.
Bitcoin Fraud: The Most Recent CasesThe first case of Bitcoin fraud dates back to July of last year, but it’s just now making its rounds in the media. ...
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
San Francisco-based crypto startup Ripple has acquired Logos Network, a payment platform, to help in developing decentralized financial products. Ripple is the firm behind XRP, which is the third-largest cryptocurrency.
Xpring Growing Its TeamThe investment arm of the company, Xpring initiative, has already brought on board the Logos Network. Logos Network is a blockchain-based payment platform focused on scalability and speed. With the acquisition of the platform, Xpring will now have an additional nine engineers on its team. Xpring will now have a team of 32 members, quite the leap from its two in May. ...
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Cuba rolled out mobile across the country last year, and this has resulted in increased usage of cryptocurrency. Most Cubans are increasingly using cryptocurrencies to circumvent economic sanctions levied by the US to access the global marketplace.
However, despite this increasing adoption, crypto still faces several challenges in Cuba. Some of the challenges include restricted access to cryptocurrency exchanges, lack of proper regulations, as well as the growing acceptance of the gold-backed MLM stablecoin.
Using Crypto to Circumvent SanctionsA report published on September 12 by Reuters included passages from 35-year-old Cuban, Jason Sanchez, ...
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Over the course of the past few years, the crypto ecosystem in South Korea has grown quite quickly and one of the better-known crypto exchanges to have emerged during that time is Bithumb. Last year in October, the Korean crypto exchange had reached an agreement on an acquisition deal, but that has fallen through due to apparent payment difficulties.
Due to the snafu, it has now emerged that some overseas investors are going to save the day and acquire the exchange. BK Consortium had agreed to acquire a 50% stake in addition to one solitary share ...
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Vancouver, British Columbia–(Newsfile Corp. – September 30, 2019) – NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) (“NetCents” or the “Company”) has released and filed its financial statements and MD&A for the nine months ended July 31, 2019. The Company is excited by these financial statements as they support what the Company has previously stated in its press releases over the summer months.
When looking at leading indicators for the Company’s growth, the Company have achieved the following growth between 2nd and 3rd quarter of fiscal 2019:
● Merchant processing revenue increased by 498% over ...
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Sunday came and went, but there was no weekend joy for the bulls this time around. Monday morning proved to be even worse, as Asian afternoon trading saw a huge selling off happen.
Already struggling to retake USD 8,000 by that time Bitcoin price actually slipped all the way down to almost the monthly low at USD 7,728 around 3:00 pm Beijing time (7:00 am UTC, CoinDesk), promising even more misery from yesterday’s poor sentiment. Fortunately, European traders seem adamant on ensuring at least Bitcoin goes into North America trading on positive footing, as price climbed back up to its current position on a fine USD 8,007 at 12:50 pm UTC.
Bitcoin Price: $8060.15560836
𝚫1H: -0.16% 📉
𝚫1D: -0.47% 📉
𝚫1W: -18.83% 📉$BTC #Bitcoin #Blockchain #Crypto— Jack Sciarr (@JackSciarr) September 30, 2019
Altcoins are only barely registering green charts overall, but they won’t be complaining after a horrendous week with many yet to recover from 20% valuation loss against the US dollar. Ripple (XRP) is finally back up above 25 cents, while Ether moves above USD 170. Litecoin is trying to capture support above USD 55 to prevent even further losses.
Broadly speaking, the crypto market overall is still bloody from the sucker punch last week, but determined to stay strong at a total market capitalization of USD 215 billion (CoinMarketCap).
In trying to figure out this week’s sentiment, we have a starting point at today’s unexpected news that Binance is delisting a number of tokens — including some which were listed from its own Launchpad IEO platform.
One of the world’s largest exchanges by user and trading volume, Binance’s Launchpad has been at least moderately successful with initial exchange offerings (IEOs), launching several token sales on its platform and seeing them rise in US dollar valuations. Having a token launched by Binance suggested at least some level of partnership, so it was strange to see them getting delisted today.
In its announcement today, it said that 30 trading pairs would soon be removed from its platform, including six Launchpad alumni: BitTorrent (BTT), Elrond (ERD), Harmony (ONE) and WINk (WIN).
Binance says that the decision was taken to “improve liquidity and user trading experience”. It insists that trading pair selections on the exchange are only “as requested by most project teams”. But it will certainly echo hollow with other users who will wonder why these tokens were ever listed in the first place, if they were not great with liquidity and trading experience.
And they are not the only exchange to be facing some kind of challenge. Today also, the attempts to acquire troubled South Korean exchange Bithumb seems to be hitting a snag, with overseas investors now waiting in the wings to step in.
Local media Yonhap reports that BK Global is now about to default on agreed deal payments, with it seemingly not even able to manage the initial USD 100 million down payment. It had chosen instead to increase its stake in BTC Holding (the current largest investor) to 70% as it could not pay. And now, the payments are still being delayed, stirring rumors that BK Global may not be able to take over Bithumb after all.
Overseas investors from China and the US are reportedly likely to step in to acquire South Korean crypto exchange Bithumb due to alleged difficulties with payments in its existing acquisition deal.
Permabear, anti Bitcoin investor and gold bug Peter Schiff continues his glee in the current market conditions, saying that companies making losses and crypto crashing at the same time “is not a coincidence” since investors in both were investing their money in “highly dubious” outcomes.
It's not a coincidence that money losing companies and crypto currencies are crashing together. In both cases investors are speculating on future outcomes that are highly dubious. As the speculative fervor subsides, air is coming out of the bubbles. Larger bubbles will pop next!
— Peter Schiff (@PeterSchiff) September 26, 2019
Even the whales and big wallets, however, are yet to be able to pinpoint the reason for why Bitcoin price suddenly took the plunge last week, with CNBC’s Crypto Trader Ran Neuner claiming:
“I’m a member of multiple Crypto chats/WhatsApp groups (none paid)- Some of these chats have the biggest whales and crypto names in the market… and not a single person has any idea what happened today!”
It’s anybody’s guess on what could happen this week or in October where the final quarter of the year begins. But Cointelegraph commentator Keith Wareing does say though, that a bear market is on the cards before a bull resumes. He offers caution and patience to observe before rushing in: “Using the holy trinity of indicators (Bollinger Bands, Relative Strength Index, Moving Average Convergence Divergence) on the daily chart, one can start to gain a better view of what the week ahead might hold.”
BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.
Follow BitcoinNews.com on Twitter: @bitcoinnewscom
Telegram Alerts from BitcoinNews.com: https://t.me/bconews
Image Courtesy: Pixabay
The post Daily Trending News and Market Sentiment: Binance Delisting, Bithumb Takeover Woes appeared first on BitcoinNews.com.
VANCOUVER, British Columbia, Sept. 30, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF) (FRA:C0B), a key player in logistics platforms and payment solutions, is pleased to announce that its subsidiary uBUCK Technologies SEZC (“uBUCK”) has closed the first tranche of a non-brokered private placement previously announced on September 23, 2019.
In connection with the placement, uBUCK issued 800,000 preferred shares to a strategic investor at a price of $0.50 per share for gross proceeds of US$400,000. Under the terms of the investment, uBUCK expects a minimum investment of US$1,500,000 will be made in exchange ...
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
VANCOUVER, British Columbia, Sept. 30, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF) (FRA:C0B), a key player in logistics platforms and payment solutions, is pleased to announce that its subsidiary uBUCK Technologies SEZC (“uBUCK”) has closed the first tranche of a non-brokered private placement previously announced on September 23, 2019.
In connection with the placement, uBUCK issued 800,000 preferred shares to a strategic investor at a price of $0.50 per share for gross proceeds of US$400,000. Under the terms of the investment, uBUCK expects a minimum investment of US$1,500,000 will be made in exchange ...
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Traceability of food products through blockchain is no alien concept. Sicily took a step ahead and mandated tracking of agro-food through blockchain. The bill was approved on 25 September 2019 by the Sicilian Regional Assembly (ARS), an autonomous entity and the legislative body of Sicily to establish a traceable network for the food products with the help of the right technology. However, the final version is yet to be published in the Official Journal of the Sicily Region.
La Regione Sicilia ha legiferato sull'uso della Blockchain come strumento di garanzia per la tracciabilità del dato per…
Publicată de Assocoin pe Miercuri, 25 septembrie 2019
The proposal was first put forward by the deputy of the 5 Star Movement (M5S), Jose Marano, roughly a year ago. Per the proposal, blockchain will be implemented as a data guarantee tool to ensure security and agro-food traceability in the DOC, DOP, ICG and IGP supply chain. The provision being backed by law, will instill confidence in the end-consumers by keeping a track on products from farm-to-table and eliminating counterfeits. The Sicilian companies will also profit by projecting originality of products which more often than not influences the buyer towards purchase of products.
Jose Marano said:
“Objective achieved. From today Sicily will be able to trace the products of its land on a blockchain that guarantees transparency and incorruptibility of the data. This is a great opportunity for Sicily, for its companies, for workers and for the health of citizens.”
Blockchain is being used to transform supply chains like never before. It has already been established that technologies like DLT have proven to be a win-win proposition for producers as well as consumers.
BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.
Follow BitcoinNews.com on Twitter: @BitcoinNewsCom
Telegram Alerts from BitcoinNews.com: https://t.me/bconews
Image Courtesy: Pixabay
The post Sicily Legislates For Use of Blockchain For Food Tracking appeared first on BitcoinNews.com.
The price of Bitcoin now seems to be in a stubborn resistance pattern. Although it finally gave up USD 10,000 last week and came crashing down as people have been expecting it weeks earlier, it does now appear to be stalling a further fall.
In the past 24 hours, price even spiked up to as high as USD 8,321 for perhaps 5 minutes, although the majority of Sunday it has traded in a narrow range of USD 200. As North America woke up just hours ago, price has registered a new low of USD 7,905 (13:15 pm UTC, CoinDesk), although this is still better than the previous day’s low about USD 200 lower.
With market sentiment now lower than it has been in months, some are somehow finding some light at the end of the tunnel. Adaptive Capital analyst Willy Woo, for example, went back to his reading of fundamental metrics such as Realized Price and VWAP Ratio to point at similar conditions between the previous openings of bull markets and the current price action. The recent crash does not seem to make Woo falter from his previous claim that Bitcoin was “closing up the opening act of the bull market, and awaiting the middle [of the] bull market to commence”.
Cheat sheet map of where we are in this bull market according to on-chain metrics. We're closing up the opening act of the bull market, and awaiting the middle bull market to commence. pic.twitter.com/xkmY5i605G
— Willy Woo (@woonomic) September 21, 2019
Of course, others did point out that comparisons like these bear false testimony because Bitcoin conditions are not the same today as they were at any other point of bull runs. Observer Martin Audley rebutts:
“It’s an erroneous assumption that history repeats when the previous history was #Bitcoin running on trainer-wheels, sub-capacity. It’s only previously run at capacity for a brief time, and that didn’t end well.”
Others yet aren’t so quick to dismiss the theory but admitted that we could still be at a false opening act, and then a lot more had to happen to convince of an imminent bull run. Twitter user Euphoris monk says when we look at logarithmic charts, the current price movement upwards in 2019 “started much too fast” to be a true bull run.
Whatever the case, clearly there is still a lot of positive sentiment in the public space that believes Bitcoin is here to stay for a long time, even with the current crash.
In the same week of the crash, a Russian man was fined by local courts USD 7,000 for illegal mining operations. The curious thing was that the man, and two other employees, were working at a nuclear facility and had used the station’s supercomputer to help mine Bitcoin for them.
The computer had been capable of 1 petaflop (1 trillion transactions per second), though it was unclear how much of that had been directed to mine Bitcoin. Enough, apparently, for the activity to be detected and lead to the arrest of the perpetrators!
A spokesperson for the All-Russian Scientific Research Institute of Experimental Physics, Tatyana Zalesskaya, said that the men allegedly tapped into “official computing power for personal purposes, including for the so-called mining”.
There are plenty of other positive sentiments for Bitcoin and cryptocurrency overall, easier to digest and directly impacting daily user activities. Binance CEO Changpeng Zhao, for instance, was happy to celebrate the new staking features of his exchange, currently one of the biggest in the world based on user and trading volume.
Staking service @Binance. You literally don't have to do anything. Your funds on Binance automatically participate. You can still trade as you normally would.
Keeping it simple!https://t.co/CR0Fqpde6d
— CZ Binance (@cz_binance) September 27, 2019
However, CoinGeek boss Calvin Ayre, who is also one of the biggest proponents of Bitcoin fork Bitcoin SV (BSV), denounced the exchange as illegal and has made bold claims that it will be shut down by the same time next year.
Ayre condemned the PoS move, claiming that Binance was playing a corrupt game, with its CEO deliberately misleading traders and manipulating digital asset prices:
“CZ’s [Changpeng Zhao] entire business model is based on a speculative casino of tokens that have zero value. They manipulate the token prices to harvest all the traders who are sold messages to do the opposite of what the house needs for its scams.”
Certainly, Binance has been at the forefront of innovations of exchanges, but many crypto purists won’t see that these ploys have long term value, and will only be popular for as long as Binance is popular. However, it is worth noting that Ayre is probably just feeling the anger from Binance’s decision earlier in the year to delist BSV.
Whether Binance is corrupt or is the benevolent nice guy its owner wants to portray the platform as probably doesn’t mean much. The sentiment is blind to intent.
BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.
Follow BitcoinNews.com on Twitter: @BitcoinNewsCom
Telegram Alerts from BitcoinNews.com: https://t.me/bconews
Image Courtesy: Pixabay
The post Daily Trending News and Market Sentiment: Early Bull Runs, Supercomputer Miners, Ayre Sour Grapes appeared first on BitcoinNews.com.
Hello to all investors and people who are interested in Bitcoin price movement. Today, we will summarize the results of the weekly Bitcoin trading and conclude whether the scenario we wrote about in previous analyzes remains valid or we will still have to make any corrections.
The week was quite aggressive since Monday. The daily timeframe shows that after the test of the lower trend line on Monday, immediately next day sellers lowered the price by 17%. Now the initiative continues to be on the sellers side.
Looking at the weekly timeframe, we can see that the breakdown occurred on increased volumes. And the weekly candle is practically without a pin, which indicates the prospect of the fall continuation:
However, will it be as lively as this week? We are uncertain. In previous analyses, we wrote that we are entering into a broad consolidation, in which the price has been for a month since 13 May. Sellers will need either more time to continue their trend or much more volume. As on the weekly timeframe, with no significant increase in volumes, we expect some price stop in this price range.
Also, the fact is that the price is now approaching the black line, which once in June formed a triangle, after which the price fell to USD 3215. It only confirms our hypothesis regarding the price drag.
Buyers closed their marginal positions throughout the week.
Despite the dominance in the market Bitcoin sellers also decided not to risk. They were reducing their positions during the price fall this week:
It is worth to highlight a critical point after which will be clear where the price will move in the near future. The growth from December 2018 corrected the strong fall wave by 61.8%. Deep enough correction, but tolerable to continue the fall. Therefore, the main critical point is in the price range of USD 7200-7300:
In case of breakthrough of this price zone by sellers, we expect the price fall to continue to USD 3200. Another scenario will mean growing to USD 13,800 with the prospect of growth continuation to USD 17,700. Let’s see tomorrow how the new week begins and set daily local targets. Profitable trading and good mood in the new week!
BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.
Follow BitcoinNews.com on Twitter: @BitcoinNewsCom
Telegram Alerts from BitcoinNews.com: https://t.me/bconews
Charts Courtesy: TradingView
The post Bitcoin Technical Market Analysis 29th September 2019 appeared first on BitcoinNews.com.
In what could be considered as a historic decision, the ministry of digital transformation of Ukraine plans to legalize the possession and usage of cryptocurrency. Although cryptocurrencies are not banned in the country, they do not have any official status as of now. As a part of Ukraine’s step towards modernization under its newly elected young president, Volodymyr Zelensky, the ministry announced that one of it main aims would be to legalize the usage of cryptocurrency. Moreover, they plan on integrating blockchain technology in their registry system.
Alexander Bornyakov, one of the deputy ministers emphasized upon the need for Ukrainian people to come out of the ‘gray area’. Furthermore, he spoke about how Ukraine would want to capitalize on cryptocurrency miners. Ukraine hopes to earn off of these cryptocurrency traders and miners. He went on to speak about their plans on applying the blockchain technology on public registries and documentation based on DLT (Distributed ledger technology).
With Ukraine getting a newly elected president, its step towards modernization and digitization has gotten stronger. As previously reported on BitcoinNews.com, Ukraine’s ministry launched a state policy to legalize crypto. Ukraine’s new president aims at speeding up the process tremendously. This makes Ukraine a place where blockchain usage and its evolution is in prevalence, making it a hub for blockchain innovation.
Ukraine’s minister of digital transformation spoke about how he wanted government services to become as efficient as Uber and Airbnb. For this, he required complex technological systems which the Ukrainian government could obtain via blockchain.
BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.
Follow BitcoinNews.com on Twitter: @BitcoinNewsCom
Telegram Alerts from BitcoinNews.com: https://t.me/bconews
Image Courtesy: Pixabay
The post Ukraine Eyes Legalization of Cryptocurrencies appeared first on BitcoinNews.com.
The first day off after a hot working week on the chart of Bitcoin price was not particularly marked. Yes, buyers managed to test the price mark USD 8330 that we wrote about in our previous analysis. They have made it, so far, without hinting at growth continuation. If you look at the 4-hour timeframe, you can see buyers support line which is still keeping a test trend. Thereby reducing the trading range between the price points USD 8100-8330:
As you can see in the chart, the price mark USD 8330 is just the beginning of buyers’ examination, which gradually moves into the blue price zone. In this price zone, for 2 days, market participants were fighting for the likely scenario of a continuation of the price movement. And it was this price zone which stopped the heavy train of sellers, which run like a rabbit on 24 September.
As the blue price zone is now under the control of sellers, we expect a new fall attempt with a final target of USD 7550. Looking at the history of how the price moved up to the high of USD 13,764, we can conclude that over a wide range of USD 7500-9000 the price stopped for a while:
Therefore, we think that as long as the price is in this 17% range, sharp price movements, as in the case of 24 September should not be possible.
Sellers continue to move inside the blue growth channel on the chart of their margin positions. They are close to the bottom trend line test:
Having analyzed the structure of the waves in the falling blue channel, we have chosen the basic local scenario of price movement. It now forms the third correction wave (Y):
As we can see from the beginning of the fall, each wave, whether growing or falling, had a 3-wave structure. Either wave W or wave X. Therefore, we assume that wave Y will be similar in structure to them. And the first wave of fall is coming to an end. Therefore, we will expect price corrections to the price mark USD 9000. After that, Bitcoin sellers will show what they are made of. With regard to global analysis, we invite you to review the previous article and have benchmarks for Bitcoin’s critical points. Tomorrow we will meet for a detailed weekly price movement analysis! Have a good day!
BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.
Follow BitcoinNews.com on Twitter: @BitcoinNewsCom
Telegram Alerts from BitcoinNews.com: https://t.me/bconews
Charts Courtesy:TradingView
The post Bitcoin Technical Market Analysis 28th September 2019 appeared first on BitcoinNews.com.
It wasn’t all doom and gloom after all, as North American traders changed direction for a while on Friday trading, dragging Bitcoin back up above USD 8,000 after first testing the low of USD 7,723 for a brief half hour.
Right now, at 10:00 am UTC, Bitcoin price is leveling up on Europe markets at USD 8,185 (CoinDesk). Altcoins are also breathing in oxygen and resuscitating their fortunes, with Ethereum trying to claw back losses at USD 175, and Ripple (XRP) seeing if it can reach 25 cents again. Bitcoin fork coins BSV is the only coin in the Top 20 now suffering losses on the weekend.
When we looked at the news to search for sentiment yesterday, it was clear that there was still no significant news that explains the price dumps this week. But fundamentals continued to grow strong, with an all-time high achieved for Bitcoin hash rate, ultimate spelling out a bright future for the Bitcoin network’s security as price marches along in long-term tandem.
And if Venezuela is considering to hold crypto, it looks like private buyers all over the world are no less interested in buying up Bitcoin. So much so, in fact, that they were willing to pay premiums at this week’s first UK police auction for confiscated cryptocurrency.
According to The Next Web, Irish auctioneer Wilson Auctions — who were authorized to put up the seized crypto for an online public auction — fielded some 7,500 international bids, spread across varied locations including Australia, Brazil, Canada, Singapore and the United Arab Emirates. Of course, US bids were also entertained.
While auctions typically put things up on discount prices, and the average Bitcoin sold for GBP 6,798.80 (USD 8,365). The price of Bitcoin at the time of auction was GBP 6,512 (USD 8,012). Of course, it could simply have been a case of bidders getting caught out by the sudden price dip (incidentally, the recent price crash happened on the day of auction), but it does show that people all over the world are still interested in buying up Bitcoin, even if they’re paying a bit more than it was worth on the free market.
We now move to a conflict zone in North Syria — better known as Rojava — where young students are obtaining an education in programming, blockchain, and crypto. 22-year old programming student Mohamed Abdullah has dubbed the new Open Academy as “a first for the Middle East”.
After receiving partial autonomy from the Syrian capital in Damascus, Rojava realized that there was a dire need for education post-civil war, one in which they had fought hard against ISIS, the militant group that until recently held sway over large swathes of Syria and Iraq. Mohamed was one of many who had to trek through ISIS territory just to go to school.
According to CoinDesk reporter Rachel-Rose O’Leary, Rojava implements a form of government it calls “democratic confederalism“, which uses principles of decentralization. As such, blockchain technology is also being studied to complement its societal model. Mohamed, like many his age, see Bitcoin and blockchain as an answer to years of economic and political chaos:
“I don’t trust the Syrian pound, I don’t trust the American dollar, they are just paper. But bitcoin yes, we can trust it.”
Since March, Rojava has established learning centers providing free tech and philosophy tuition to a population of 20 million. Students learn code, read up world history and cultural theory, and the writings of Abdullah Ocalan, the imprisoned Kurd who inspired the revolution in North Syria.
Azad Maxmud, an Open Academy teacher says:
“The main purpose of [our efforts] is to solve the problems of society. The reason they study sociology, history and philosophy is to be aware of the problems and cut them from the root.”
This news from Syria bears great testimony to the true revolutionary potential of blockchain and Bitcoin, far apart from the hype and marketing language of the masses of blockchain projects, closer to practical reality on the ground.
The principles of decentralization, where trust in a central entity is no longer needed, and the independence and individual free will on how money and finance should be, that Bitcoin was all about, will always find more resonance with cases like Rojava.
But as motivating as it is to learn about, it is important to also note that for the majority of people using Bitcoin or who will ever consider using Bitcoin, it is only the ease of use, and practicality of using it, that will determine long-term adoption.
Nevertheless, seeing Bitcoin play the role it envisioned every now and then is every bit a positive sign for the world’s most observed digital asset, as any Bakkt or Libra development.
BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.
Follow BitcoinNews.com on Twitter: @BitcoinNewsCom
Telegram Alerts from BitcoinNews.com: https://t.me/bconews
Image Courtesy: Pixabay
The post Daily Trending News and Market Sentiment: Auction Demand, North Syrian Blockchain School appeared first on BitcoinNews.com.
The rest and accumulation of strength before the new movement still continues after the merry fall on 24 September. After re-test of the USD 155-160 price zone yesterday, the price continues to be above the yellow price zone. It gives Ethereum buyers a chance to try to test the price mark USD 200.
Buyers are now trying to exit from local consolidation and fix above it. At the 4-hour timeframe, we see insufficient amount of sellers volumes during the second attempt of USD 155-160 attack. It adds a few more percent to the probability of buyers counterattacking at least as a correction:
Analyzing the hourly timeframe, you can select a local price zone that buyers can rely on during their current counter-attack attempt. If, after the test of this price zone, we see the weakness of sellers in the form of low volumes, pins or passive small candles – then the USD 200 test is very likely.
The chart of buyers’ marginal positions shows little or no reaction to the sharp price fall. However, the positions are near the upper trend line of the channel:
Ethereum buyers managed to fix above the first level of Fibonacci. Which shows that the previous fall wave, which ended on 24 September, is now corrected by 23.6%. And the price seeks to test the next level USD 181:
Looking at the weekly timeframe, it becomes clear that even if buyers test USD 200 to the end of the week, the initiative will still belong to sellers. In the next week, the price zone USD 155-160 will be violent again:
Although, now the pin of a weekly candle is practically the same as her body. Nevertheless, in a week sellers managed to go the same way that buyers did for 3 weeks. Therefore, in our opinion, Ethereum buyers will still be suffering at least over the next week. But what kind of suffering we will see on Monday. Keep your hand on the pulse of prices with us!
BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.
Follow BitcoinNews.com on Twitter: @BitcoinNewsCom
Telegram Alerts from BitcoinNews.com: https://t.me/bconews
Charts Courtesy: TradingView
The post Ethereum Technical Market Analysis 28th September 2019 appeared first on BitcoinNews.com.
