Cardano (ADA) Gets Full Ledger Nano S Hardware Wallet Support

Third party services may advertise Spread bets and CFDs on Cryptovest, which are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when spread betting or trading CFDs. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money.

Blockchain-Based Project Launches Beta Version of Content Exchange Platform

Content Exchange Platform Seeks to Protect Artists’ Copyrights via Blockchain

Decentralized project ContentsDeal is a content exchange platform that enables users and creators (e.g., singers, artists, writers, etc.) to trade and distribute genuine, exclusive content transparently via blockchain. By simplifying the complex distribution structure of copyrights in today’s entertainment industry, ContentsDeal ensures fair profitability to artists, content creators as well as contributors to the network, the team emphasizes. All the parties involved can leverage blockchain encryption to make sure transaction information, payments and membership are kept safe and secure on an immutable network.

ContentsDeal is the place where creators can protect their rights, while at the same time contribute to the development of a transparent content production environment. The benefit of the public is that by signing up on the platform they get higher quality content that they can use via trading content using StarCoin (KST) and DEAL tokens.

Blockchain content trading platform for the entertainment industry

On the ContentsDeal platform, pop culture enthusiasts and avid fans can engage in trading exclusive music streaming content. For artists eager to showcase their uniqueness, it is an opportunity to market their talent and reputation in an untraditional fashion. The soundtrack industry used to be represented exclusively by CDs and LPs. Everything shifted when online media went mainstream and channels like YouTube made it possible for singers to gain a reputation without major investments.

The problem with online markets in entertainment is the lack of copyrights. In spite of a growing ecosystem, artists barely have any means to protect the rights they hold over the music, and receive fair compensation for the content they produce. A viable solution that guarantees transparency and can act as a safety net is blockchain technology. ContentsDeal supports the creative works through decentralization, according to the team. Furthermore, it provides payment convenience, fairness, and security when working with digital assets, the company says.

A win-win DApp solution for musicians and artists

ContentsDeal’s team claims that the company is aiming to solve real-world industry concerns in the K-pop entertainment industry, namely, copyright infringement. The project will implement the proof-of-copyright (PoC) protocol to protect international singers and artists by providing a decentralized music application (DApp). ContentsDeal is currently developing the webtoon DApp, which integrates the PoC protocol and enables the use of its proprietary DEAL token to authenticate all users and store confidential information such as Face IDs and transactions.

A transparent medium of exchange for content creators

KST is the principal medium of exchange on ContentsDeal. It can be used to buy or sell limited edition content (e.g., music content) or webtoons. According to the team, KST is a type of stable coin which can also be deemed as a high valued pixel. Users interested in purchasing exclusive content from the artists will need KST tokens.

DEAL coins, on the other hand, feature two different uses. Holders of DEAL can pre-purchase limited edition content from the ContentsDeal platform; or they can receive a commission for added fees applied when exchanging content between users. DEAL shouldn’t be seen as an allocation coin and compensation is based on the PoC consensus algorithm.

ContentsDeal has recently launched its Open Beta Service where platform users can distribute and trade exclusive or limited edition type of content. Users are invited to participate in several active events hosted by the project, namely the Test Transaction Contest that awards users ETH for their test transaction results once the ContentsDeal platform goes live.

Image: Pixabay

Menu.cash Allows Diners to Create Table-Specific Orders and Pay With BCH

Menu.cash Allows Diners to Create Table-Specific Orders and Pay With BCH

Menu.cash is a new Bitcoin Cash (BCH) application that allows food establishment owners to set up online menus that are tied to table-specific QR codes. The QR redirects to the venue’s menu and patrons can simply choose the items they want and settle the bill in minutes using BCH for payment.

Also read: Examine the Token Universe Built on BCH With the New SLP Explorer

A Menu System With BCH-Integrated Point-of-Sale

This week Bitcoin Cash supporters were introduced to a new platform called Menu.cash, an application for venues that enables customers to order with their phone and pay with an integrated point-of-sale (PoS) system. The application is unique because the system’s QR code redirects to a food establishment’s online menu interface, and quickly tethers settlement with BCH and delivery to the specific table it was ordered from.

Menu.cash Allows Diners to Create Table-Specific Orders and Pay With BCH

“I’ve been working on a project which allows venue owners to set-up their menu online, called Menu.cash — Customers can scan a table-specific QR code that contains both the venue’s menu and the table ID,” the founder of Menu.cash explained during the announcement on March 27. “The QR code then redirects to the venue’s menu, where the customer can order anything they like, and then pay with Bitcoin Cash — Once the transaction has been broadcast, the waiters of the venue get a notification of the order to their phone, and they can deliver it directly to the table it has been ordered from,”

Menu.cash Allows Diners to Create Table-Specific Orders and Pay With BCH
Sample menu that can be tested.

Table-Specific Ordering

The system is fairly intuitive and merchants can look at a sample menu to get an idea of how the platform works. Essentially the customer can scan the QR code and open the website but they can also type the domain name and six-letter code by hand. Venue owners have a 12-step process to complete and no plugins are required. The merchant creates an account with a valid email and then responds to the email verification which redirects to the Projects page. From there, establishment owners can add their menu and select a local currency for an exchange rate for BCH.

Menu.cash Allows Diners to Create Table-Specific Orders and Pay With BCH
Checkout process for Menu.cash.

Menus can also have translations added to the header bar and people can order food in their selected language. At the moment, the Menu.cash service is free, but the founder of the project has noted that at some point down the line it will take a percentage per order. Menu.cash plans to add fees once “legal questions have been resolved and the product has been polished,” the project’s creator revealed. The platform also has a roadmap of goals it plans to add in the future like paying with cash and converting BCH directly to fiat, notifications for iOS, and a tutorial so merchants and customers can learn how to use the system quickly. On forums and social media, BCH supporters seemed to like the new BCH-powered menu concept and complimented the creator for his efforts.

“This is a really cool idea, and the potential is definitely there — Not sure where you’re based out of, but went ahead and ordered a lager,” enthused one BCH enthusiast.

What do you think about the Menu.cash platform? Let us know what you think about this subject in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned companies or any of its affiliates or services. Bitcoin.com and the author are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. This editorial is for informational purposes only.


Image credits: Shutterstock, and Menu.cash.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH, and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today.

TokenPay Seals Equity Deal in Australian Lingerie Giant Naked Brand Group

Swiss decentralized payment startup TokenPay has acquired a large number of shares in an Australian lingerie giant, a document originally issued on March 19 reveals.

According to the filing, TokenPay purchased 1,840,216 shares of Naked Brand Group’s (NAKD) common stock, a 6.2 percent stake.

The company has various brands on the market, perhaps the best-known of which is supermodel Heidi Klum’s Intimates line.

Explaining the impetus behind its choice of spending and subsequent area for development, TokenPay revealed NAKD had in fact suggested it was curious about blockchain technology.

“Why the move into lingerie? $NAKD management has expressed interest in exploring blockchain technology,” TokenPay wrote on Twitter on March 27, continuing:

“It also operates iconic fashion brands w [with] $100m in sales, mostly to women. This is an undertargeted market in our industry. Potential for excellence by embracing crypto is real.”

Once the NAKD deal completes, TokenPay hinted there would be the option to purchase the company’s products using crypto.

As Cointelegraph reported, TokenPay has branched out into unanticipated industries before. In June last year, the startup partnered with the nonprofit body behind Litecoin (LTC) to acquire a roughly 10 percent stake in a German bank.

Prior to that, a $2.5 million token investment saw TokenPay support efforts by privacy-focused cryptocurrency Verge to make major adult entertainment website Pornhub support its XVG token. The project appeared to have mixed success.

Speak Out: Discussing Your Experience in Crypto

Sooner or later, we all have to deal with negative events in our lives, and crypto is not an exception. Everyone has made a bad trade, lost private keys to their wallet or hodled too long at some point. Today, we invite you to discuss your unfortunate experiences in the world of crypto. Let us know what your biggest crypto fail is in the comments below!

Bitcoin Declining Volatility Could Stage New Bull-Run, Analyst Says

bitcoin volatility News

Bitcoin Declining Volatility Could Stage New Bull-Run, Analyst Says


The Bitcoin price volatility in March is approaching its lowest levels on record, which could precede the next prolonged bull run, says one analyst.


Lowest Bitcoin Volatility on Record

Bitcoin is on the verge of recording its least volatile month, according to a report by Marketwatch. Citing Dow Jones market data, the report outlines that the monthly trading range of Bitcoin price for the month of March is at 7.8 percent.

Prior to that, the tightest monthly trading range for BTC/USD since the start of 2017 was 21.2 percent, while the average monthly trading range since October 2013 is 53.7 percent.

Commenting on the matter was popular cryptocurrency analyst Murad Mahmudov, who outlined:

Volatility is in itself a neutral signal. Historically, however, low-volatility periods in BTC have always preceded prolonged bull runs, especially after capitulation moments of high momentum as seen in November and December.

Nevertheless, it’s also worth noting that Mahmudov has previously said that he expects “no bull run till Q2 2020.”

He’s also put a price range for Bitcoin’s bottom in the $1700 – $2400 area.

Not Everyone Agrees

Bitcoin’s high volatility has historically been pointed out as one of its main weaknesses. Yet, not everyone agrees. According to the CEO & co-founder of the cryptocurrency exchange BitMex, volatility is actually a much-needed quality for Bitcoin.

Back in 2018, he said:

You want as much volatility as possible to have as much chance that Bitcoin goes to $50,000, $100,000, $1,000,000, whatever that high number is.

‘Crypto Spring’ a Time of Volatility

In any case, Bitcoin has managed to bounce back upwards of $4,000 on Wednesday. As Bitcoinist reported, this was an important development because it signals that bulls are defending the $3,800 monthly open price point.

Also commenting on Bitcoin’s move above $4,000 was Mati Greenspan, senior market analyst at eToro, who explained, saying:

We can’t go from [crypto] winter to summer in a few days, probably not even in a few weeks. Spring is generally a time of volatility where hot and cold often surprise us. Though Bitcoin has yet to snap the bear market, I do believe that crypto winter is now over and we are entering spring,”

What do you think of Bitcoin’s decreasing volatility? Don’t hesitate to let us know in the comments below!


Images via Shutterstock

Taiwanese Authorities Set to Form Blockchain Alliance

Taiwanese Authorities Set to Form Blockchain Alliance

The National Development Council of Taiwan (NDC) has revealed plans to create a distributed ledger technology (DLT) alliance whose primary objective would be to promote the adoption of blockchain technology in various sectors of the region’s economy, reports Taiwan News on March 27, 2019.

Taiwan to Form DLT Alliance to Promote Adoption  

Per sources close to the matter, the NDC has announced it’s looking to create a national blockchain alliance in the coming months.

Reportedly, the NDC Minister, Chen Mei-ling who was present at the nation’s Smart City Summit & Expo,  revealed that the agency had held meetings with a significant number of government parastatals, DLT experts, as well as academics in the state to accurately define the exact mission of the blockchain alliance.

Commenting on the initiative, Minister Mei-ling made it clear that the revolutionary technology could play a significant role in the nation’s governance and Taiwan has all it takes to occupy the frontline in the development of the nascent technology.

The state also plans to integrate blockchain technology into its agricultural and supply chain sectors to improve food safety by making it possible for the Council of Agriculture to trace the origin of food products seamlessly.

A Long Time Coming

It’s worth noting that Taiwan has been making active plans to put itself at the forefront of the crypto and blockchain revolution.

Earlier in March 2018, the government of Taiwan announced that it would take a more liberal approach towards regulating bitcoin and other cryptoassets in the state, unlike its Chinese neighbours that have outrightly banned all crypto-related activities in the country.

At the Asia Blockchain Summit in July 2018, Chen Mei-ling buttressed the need for Taiwan to refine its existing regulatory framework and formulate new rules that would promote the adoption and implementation of blockchain technology in the state.

On March 5, 2019, BTCManager informed that Taiwan’s Financial Supervisory Council (FSC) had announced plans to create a platform that would facilitate the raising of funds via security token offerings (STOs).

While several forward-thinking countries, firms, and organizations are scampering to join the blockchain technology bandwagon, it’s worthy of note that some people still doubt the potentials of DLT. On March 26, 2019, Bank of America’s chief operations and technology officer, Cathy Bessant declared that she’s still very bearish on the technology, as she is yet to see a single use case for DLT.

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UTrust’s CIO On What Will Drive Bitcoin Past $20,000 Once Again

Filipe Castro is a long-time Bitcoin fanatic that decided to run with a dream, founding leading crypto startup UTRUST alongside a partner. At Token2049, NewsBTC got a chance to sit down with Filipe to discuss a number of subjects, including his thoughts on adoption, a possible bottom in the value of cryptocurrencies, and how his firm is moving towards becoming the PayPal of this industry.

There’s A Bitcoin Downturn, But How Are Fundamentals?

NewsBTC: All right. So, NewsBTC editor Joseph Young argues that by many measures, this crypto winter has exceeded expectations. You have Fidelity’s Bitcoin custody coming out, Starbucks potentially looking into accepting BTC, and all the infrastructure plays that are looking to bolster public awareness. Do you think that this bear market is better than the last?

Filipe: A lot more is being developed right now than in any of the previous bear markets, that’s for sure. Especially in terms of infrastructure projects towards mainstream adoption. We’re much further ahead in this winter than the last. Unfortunately, that has not been reflected in the price. This being despite many companies including ourselves actively working on infrastructures. But this technology benefits adoption in the long-term. And in the short-term, it impacts the speed and reliability of networks. Then again, this hasn’t been translated to price action. This part is very puzzling to me. From an outside perspective, I look at this market and say that there’s never been a better opportunity to jump in. You might say, ‘maybe we haven’t reached the bottom’. I don’t know. But, from a macro perspective, I would say yes, we are at that pivotal moment. Or at least we are near that moment.

NewsBTC: What do you think of the recent news about Starbucks potentially accepting Bitcoin within the next 12 months? Or Kroger, an American retail brand, looking into the Lightning Network?  

Filipe: I think it’s entirely possible. Again, there are clear advantages in digital currencies as a means of payment. All the tech giants are probably exploring it. I don’t know about other initiatives that aren’t public. But, they’re certainly exploring those possibilities. We have speculation about Facebook Coin or other coins associated with other ecosystems. There are clear advantages in tokenization. So in the next 10 to 15 years, you will pay for your Starbucks latte with crypto. I don’t know which digital currency you will use, but you will have the option of this being with crypto. That’s where we are headed — higher. We want more options for consumers, more ways to attract a younger audience, and better mediums to connect and reach more consumers, especially in ways where there are less intermediaries and chargebacks. So there’s a cost saving there too. It’s a win-win for both the customer and business.

NewsBTC: Stepping back a bit, what exactly got you into crypto?

Filipe: So here’s a funny story. My co-founder and I actually first met online. Back in 2012, we went to the same forums, but we didn’t know each other. We only knew each other by a nickname. So, we ended up meeting during a conference in mid-2017, and we found out we knew each other. And that’s where we recognized this problem in the industry, leading to the creation of UTRUST. So that was an odd thing having someone you’ve been talking to for years join you in the creation of a company. BitcoinTalk was a good place in the old days to build relationships. Now, the only place where you can build such things is at conferences like this.

NewsBTC: You mentioned earlier that you think we are nearing a bottom. How do you expect for the Bitcoin price to play out over the next year? Do you think the halving will push the market higher?

Filipe: Again, I’m not sure about future prices. I think it’s analogous to the stock market, where no one can fully predict the S&P 500, for instance. By the same token, no one can forecast the future of the price of gold. But, I think that Bitcoin has very similar financial attributes as a commodity to gold. So from a practical standpoint, I think we will go up. But this could be over the next year, two years, or five years. Regardless, my conviction is that we are going to surpass the previous all-time highs in a five to ten-year horizon. Again, it may not be this year. But looking at fundamentals, we are going there.

Maybe it will trade sideways for the next six months and then have a large bump. Maybe next week there will be a huge bump. But you can never anticipate that type of price action. Over the last few months, the technical developments and fundamental developments should have increased the value of cryptocurrencies. But it didn’t. Maybe there’s something preventing that. Maybe there’s something creating an artificially low price of entry. But again, if you look at fundamentals, every single indicator could signal lower prices.

Becoming The PayPal of Crypto

NewsBTC: Months ago, Litecoin creator Charlie Lee argued that the crash in the Bitcoin price has helped him build in this downturn. How has UTRUST been affected by the downturn, if at all? And, do you think that this crypto winter has been beneficial for you guys or not?

Filipe: It hasn’t been beneficial to anyone in the industry, companies and investors alike. But there have been side benefits from the overall winter, in that it washed away and continues to wash away many of the not so reputable projects. And that ended up clearing a bit of the market. In terms of UTRUST, no. Our business model is independent of the price of any token. From our token, UTK, yes. All tokens are price related in some way to the price of Bitcoin. But for most other points, like our main business model and drive, no. Not at all. 

NewsBTC: How has Switzerland been treating you? Has it been a nice environment from a regulatory standpoint?

Filipe: Yes, it has. I only have good things to say about Switzerland. It has been at the forefront of the regulatory environment, not only for ICOs but for tokens in general. Even for tokens being used beyond utility, security, and also payments. Its framework, along with the regulators themselves, is very open, even if things are not very clear or understood. They are very proactive and take a friendly approach with newcomers and startups. You can do things here that would require active enforcement in other regions. But with Swiss regulators, they are rather approachable. There are clear guidelines on what you can and cannot do, making it much easier to start a business here. I think that the clarity that Switzerland shows should be emulated in other regions. Singapore, too, is also very, very good in terms of a regulatory framework. But in the end, Switzerland has been at the forefront.

Filipe Castro

NewsBTC: I know you guys are trying to become the PayPal of crypto. How has that been going?

Filipe: So yes, we’re working on that for sure. On the merchant side, it’s a bit complex. But, us being the Paypal of crypto is a fair analogy. Our business is quite similar to that of PayPal. We want to work with lots of people and many chains to add them to our platform and ecosystem. We aren’t fully decentralized. We link different chains through open-source components that act like different fiat currencies. And we are working with merchants to bolster mass adoption. Because right now, there aren’t many outlets where I can spend crypto. But we’re working on it. This is complicated though, as we are working with a very traditional, risk-averse ecosystem.

A lot of the crypto terminology here has been scaring them. These are businesses that act on predictable revenues. They want stability, meaning that they don’t want to understand a lot of these new ecosystems — a new financial world. And so there’s a lot of evangelization work, not only on the tech side, but creating good relationships so they can trust us, crypto, and the broader ecosystem.

To establish a relationship with merchants, we have to say that ‘hey guys, if you add multiple cryptocurrencies, business will be as usual. You will receive your U.S. dollars, Euros, etc. just like with your current system, but you will have access to a wider pool of customers.’ So it totally makes sense from a business standpoint. But they’re still very risk-averse about directly accepting cryptocurrencies. So merchants trying to directly accept BTC or another cryptocurrency has historically failed spectacularly. So what they want is a provider that can deal with the complexities of current and future chains. They want a provider that can cash crypto out into their bank account. And they want a provider that can deal with the technicalities of everything on the other side. They want to say, ‘you guys deal with it’. It’s as simple as that.

NewsBTC: So do you have anything in the pipes that you can tell us about?  

Filipe: A lot of exciting things actually. Just recently, we completed our accelerator program in one of the top VCs in San Francisco – 500 Startups. We did a demo day presenting to run 700 investors in the valley. We are preparing to launch our platform, but I can’t give you a specific date. We are really close to launching a platform though. So stay tuned.

One of the keys to drive adoption and prices is leveraging partnerships to boost the ecosystem. A healthy market needs usability, in that price speculation and prices alone done mean success. With traditional finance, you have stocks, derivatives and all of that, but you also have payments, like cross-border transactions with fiat. And we need that. I think that as a community and as an ecosystem, we have been focusing a bit too much on the bumps in prices instead of the use cases that will drive massive adoption. But this network effect will actually power the price side too, ensuring that the next bump will be even higher than the previous one. This, of course, is in my humble opinion.

Featured Image from Shutterstock

Monero (XMR) Price Analysis – March 28

/latest/2019/03/monero-xmr-price-analysis-march-28/

Monero (XMR) Price Analysis – March 28

monero-xmr-price-analysis-march-28

Monero, XMRUSDMonero Chart By TradingView

XMRUSD Medium-term Trend: Ranging

  • Supply zones: $120, $130, $140
  • Demand zones: $ 50, $40, $30

The price of Monero had been trading in a sideways trend. The crypto’s price ranges between the levels of $40 and $55. The $55 upper price level has remained unbroken in the last three months. Nevertheless, the bulls had made concerted efforts to break the resistance level.

The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto’s price is likely to rise. The crypto’s price has risen and tested the $55 upper price level but unable to break it. The bulls have tested the upper price twice in the month of March.

Each time the bulls tested the upper price level, the crypto’s price would fall to the support of EMAs. A range-bound trader should initiate a short trade at the upper price level. And a long trade at the lower price level. On the upside, a price breakout from the support of the EMAs will break the upper price level.

Meanwhile, the Stochastic is in the overbought region but above the 40% range. This indicates that the price is in bullish momentum and a buy signal.

XMRUSD Short-term Trend: Bullish

Monero, XMRUSDMonero Chart By TradingView

On the 4- hour chart, the price of Monero is in a bullish trend. On March 20, the bulls tested the upper price level, but the bears broke the 12-day EMA and 26-day EMA to reach the bearish trend zone. The crypto’s price fell to the low at $50.77 to commence another bullish trend.

The crypto’s price is now above the EMAs which indicates that the price will rise to test the $55 upper price level. Meanwhile, the Stochastic is out of the overbought region but above the 80% range. This indicates that the price is in a  strong bullish momentum and a buy signal.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.           

Swiss Watchdog Rules Crypto Miner’s ICO ‘Seriously Violated’ Laws

Switzerland’s finance watchdog has found that the cryptocurrency mining firm Envion AG, which raised millions through an initial coin offering (ICO), held the sale illegally and “seriously violated” laws.

Announcing the news on Wednesday, the country’s Financial Market Supervisory Authority (FINMA) said that Envion unlawfully received public deposits worth over 90 million francs ($90.33 million) from at least 37,000 investors through its token offering early in 2018.

FINMA began investigating Envion in July 2018 for potentially breaking financial market rules. In Wednesday’s statement, the regulator concluded that Envion carried out the offering without the necessary banking license in place.

Envion issued EVN tokens to investors who made payments in U.S. dollars and cryptocurrencies such as bitcoin and ether, and granted them a claim to repayment after 30 years, FINMA said.

This acceptance of public deposits and “bond-like” arrangement falls under the country’s Banking Act and thus requires a banking license, according to the watchdog.

Furthermore, the conditions under which Envion issued its tokens were not equal for all investors, FINMA added. Its prospectus also did not meet minimum statutory requirements and an internal audit unit was not set up as required by law.

It was reported last May that the firm’s CEO, Matthias Woestmann, had claimed that the founders generated extra EVN tokens as part of a money grab. The founders counterclaimed that Woestmann had seized control of the firm and breached his contract.

Envion has been forced to undergo liquidation proceedings by the Swiss Cantonal Court of Zug, which found “organisational shortcomings.” FINMA said it would not be taking supervisory action against the firm as a result.

It is not yet clear if and how investors in the project might be able to claim back their funds. FINMA indicated it is not able to provide information on Envion’s financial state, as the bankruptcy proceedings are controlled by the Bankruptcy Office of Zug.

FINMA said it will continue to take action against unlawful ICOs that “violate or circumvent supervisory law.”

Swiss flag image via Shutterstock