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Bitcoin (BTC) looks likely to inch higher toward $6,800 in the near-term, as the technical indicators have grown increasingly bullish in the last 24 hours.
Notably, the 14-day relative strength index (RSI), which measures the speed and change of price movements, has jumped to 59.04 – the highest level since Sept. 4.
A reading above 50 indicates that bullish forces are acting on the asset. So, it seems safe to say that the leading cryptocurrency is looking its most bullish for two months.
At press time, BTC is changing hands at $6,510 on Coinbase, representing a $100 or 1.5 percent gain on a 24-hour basis.
While the strong RSI is encouraging for the bulls, technical analysts may argue that calling a bullish move on the basis of that alone is somewhat risky, as the indicator occasionally produces fake signals.
Even so, in this case, other BTC indicators are also biased toward the bulls, giving the RSI greater reliability.
https://i.redd.it/zb728pp531x11.png
As can be seen above, BTC has cleared the stiff 50-day exponential moving average (EMA) hurdle today, having witnessed a bullish symmetrical triangle breakout over the weekend.
The 5- and 10-day EMAs are trending north, indicating a bullish setup.
Further, BTC is trading above the upper Bollinger band of $6,500 at press time, and a breakout would be confirmed if prices see a UTC close today above that level.
What's more, the moving average convergence divergence (MACD) histogram is rising, indicating scope for further gains.
To sum up, both price action and the technical indicators are validating the bullish signals given by the RSI.
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Dalam Bahasa Indonesia | ä¸æ–‡
Greetings to all of you in the Tokenomy community!
https://i.redd.it/lfjpcul5h0x11.jpg
Welcome back to Tokenomy’s Monthly Report Update! Every month, the team aims to keep you updated on the progress that we have made by filling you in on the highlights of upcoming developments and updates happening in Tokenomy.
Tokenomy Event Footprint of the Month:
Tokenomy’s CEO, Christian Hsieh, speaking at the Indocomtech event
Tokenomy & Indodax jointly organised this community gathering event, attended by various players in the blockchain and crypto community in Indonesia. This full-day event in Jakarta featured many notable speakers representing various blockchain projects, exploring various blockchain and crypto related topics via panel discussions and open dialogue (read).
Tokenomy Team at the SMU Block Night event
Tokenomy’s VP of Operations, Ken Chia, speaking at the SMU Block Night Event
The SMU Blockchain Club organised an event to give tertiary students the opportunity to network with others who are interested in the blockchain technology as well as other experts within the industry. The Tokenomy Team went down to share our efforts venturing in the blockchain space and available internship/employment opportunities.
Tokenomy’s VP of Operations, Ken Chia (third from right), on the Panel Discussion
The Blockchain Applications And Economics Indonesia Forum brought together business leaders and thinkers that are not yet on the blockchain but are evaluating its impact on their business. Tokenomy’s Vice President of Exchange Operations, Ken Chia, spoke on the Panel Discussion: Blockchain and its impact on financial transactions and services.
Tokenomy Team at XBlockchain event
Tokenomy was one of the exhibitors at the 2018 XBlockchain Summit, held in Bali, which brought together those leading the status quo and its upheaval in the spirit of fostering positive developments in blockchain technology through collaboration and dialogue.
Tokenomy Highlights of the Month:
Ongoing/Upcoming Events:
HARA Tokens are now available for purchase on Tokenomy Exchange! The Token Pre-Sale will end on 13 November, 09:59AM (GMT +8).
LYFE Tokens are now available for purchase on Tokenomy Exchange! The Token Pre-Sale will end on 9 November, 03:00PM (GMT +8).
In celebration of the TEN listing, NUCEX will be airdropping 5,000 TEN to the first 85 participants. Don’t miss out on the chance to win up to 100 TEN!
Tokenomy’s CEO, Christian Hsieh, will be speaking at the BlockBali conference on November 17th, 2018. For more information, please visit BlockBali’s website.
About BlockBali: The 2nd edition of the BlockBali conference will connect global blockchain gurus and technology players with Indonesian government & business leaders. It will discuss the opportunities in blockchain & cryptocurrencies in Indonesia & lay the foundation for Indonesia becoming ASEAN’s biggest blockchain market.
Stay in touch for more exciting announcements!
Dalam Bahasa Indonesia | ä¸æ–‡
https://i.redd.it/58jb1d27k0x11.png
BlockBali Summit is Asia’s Biggest Blockchain Conference. The 2nd edition of BlockBali conference will connect global blockchain gurus and technology players with Indonesian government & business leaders.
It will discuss the opportunities in blockchain & cryptocurrencies in Indonesia & also lay the foundation for Indonesia becoming ASEAN biggest blockchain market.
Blockbali will be attended by over 500+ experts and corporate stakeholders from various countries including : Government, regulators, blockchain professionals, corporate leaders, investors & business leaders.
CEO of Tokenomy, Christian Hsieh will also be present at the event as an invited speaker
Catch Tokenomy’s CEO, Christian Hsieh speaking from 3:20 pm — 3:40 pm (GMT+8) on the topic Beyond Bitcoin — the Future of Token Economy.
This session is about the future outlook of the Token Economy. While Bitcoin has been successful in demonstrating the power of a decentralized money supply network, how can this innovation apply to other areas? Christian will be sharing about the different type of crypto projects and how they can shape our world to function more efficiently in the future.
Conference Date & Time: 17th Nov 2018 | 9.00am — 5.30pm
Venue: Grand Ballroom The Trans Resort Bali
Ticket price per delegate
Ticket price includes access to conference & exhibit areas, lunch and tea/coffee breaks
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As Bitcoin approaches its 10th anniversary, its community, old and new, has begun taking stock of how a decade has come to alter or define the cryptocurrency — and what Bitcoin has done to alter or define the decade.
Ten years has invited room for undeniable change. Bitcoin has seen roughly half a dozen market cycles, spawned a secondary market of more than 2,000 altcoins and laid the foundations for a surging blockchain industry. It has evolved from the obscure interest of cypherpunks and crypto anarchists to a viable, private currency that has provided a financial lifeline to underbanked, underprivileged populations in floundering economies.
There are few voices so well equipped to reflect on the changes as Andreas Antonopoulos. One of Bitcoin’s chief evangelists and arguably its most vocal educator, Antonopoulos has spent the years following his industry entrance in 2012 traveling around the world to share his knowledge on the subject. His books, which include Mastering Bitcoin, The Internet of Money, Vol. 1 and 2 and the forthcoming Mastering Ethereum, are praised as some of the space’s most thorough and informative reads.
His impact on the space is something of a widely-recognized truth, one that has made him one of the industry’s most-respected and definitive thought leaders. While others were getting rich, he was enriching the community, reminding others that bitcoin is about much more than lambos and moon memes. A testament to his influence, the community rewarded him with donations amounting to about $1.6 million during the last bull run upon learning that he held little — if any — bitcoin.
In the following interview with Bitcoin Magazine, Antonopoulos reflects on the metamorphosis the ecosystem has undergone, the lessons learned from these myriad changes and why, after 10 years of challenge, the ethos of Bitcoin itself has doggedly persisted.
This interview is part of Bitcoin Magazine’s retrospective series for Bitcoin’s 10th anniversary. Starting from the white paper’s birthday on October 31, 2018, to Bitcoin’s launch on January 3, 2019, we’ll be publishing a series of interviews, op-eds and think pieces that reflect on where we’ve come from, where we are and where we’re going.
Antonopoulos: So many things have changed. Where do I start?
Back in the day, when I first got involved, this was a very small community, a very tight-knit community, a very focused community. There was a lot of commonality of purpose, and it felt very tight-knit. And I remember at the time, the main thing I wanted to explain and persuade people about was that this was bigger than payments. This isn’t just PayPal; this is bigger than that. It’s not just a payment network.
And so, in order to express that, I said that it’s a platform. You’ve got to think of this not just as bitcoin but broader: the blockchain. That backfired badly. I wanted to broaden it a bit to give people vision, but what happened then, over the next three years, was that people took hold of the word “blockchain,” rammed it right over, and threw everything and the kitchen sink in there — a lot of things that have nothing to do with it. So, in four years, I came full circle and released a talk called “Blockchain vs. Bullshit,” which is my number one talk.
And even broader than that. The distributed ledger technology, private blockchain, bank-chain, business-as-usual, slap a word on it, “pretend it’s decentralized when it’s not” type of ecosystem. Trying to embrace, extend and diverge — derail even — this industry by hijacking it. Subsuming it completely.
At the first conferences — even the first 2013 conference I went to — the suits had shown up and it was beginning to get that vibe. By the end of 2013, when the fourth or fifth bubble happened and the price hit $1,000, that’s when the suits really descended.
So it felt like a tight-knit community and then the sharks started circling around, and they were all trying to grab a bit of this grand phenomenon and monetize your influence. And there was all of this shilly, shitty, disengenuous, fake “Hey! I’ve got a project. We’re going to revolutionize real estate, we’re going to revolutionize exchanges, we’re going to revolutionize medicine.” And most of it’s bullshit. Most of it is completely naked profiteering.
So I had to turn it around and refocus it, try to figure out what is real, what is the real “killer app,” what are the real things that are happening.
It’s not necessarily bitcoin. It’s about decentralized money and other decentralized things. But, of course, the core is decentralization. And money is a killer app in itself, if it’s decentralized.
So that changed.
The other thing that changed was that one of the things that attracts people to this space is the fact that it gives them the feeling of belonging to this kind of adventure — that goes against the grain, that is outside the mainstream, that is niche, and a bit of feeling that we’re the underdog fighting the great forces.
But as always happens in movements like that, eventually, you get divisions within, and then you have people who are fighting as the “underdogs” against “the establishment bitcoiners.” Like suddenly, Bitcoin is establishment and people will say, “Hey, this is Bitcoin 2. This is better than Bitcoin. This is an alternative chain that solves all the problems in Bitcoin.” So then you have a fragmentation, a splitting within the Bitcoin community.
Because some people feel the need to be the underdog and to always be fighting something. That drives their personalities. So it’s funny because when what you’re fighting for is suddenly getting recognition and IBM is doing it and whatever, the people who are insiders are now a part of it.
Exactly. And that’s what’s happened in the crypto space. So now there’s all this fragmentation, all these internal battles, both within Bitcoin but also between Bitcoin and other systems and between themselves.
No sooner had Ethereum raised its fist, like, “We will replace Bitcoin and the flippening will happen,” then, before you know it, they were looking over their shoulder because there are five wannabe-Ethereums that are like, “Ethereum’s the old guard and we want to be the solution.”
So it’s the Trotsky phenomenon. The counterrevolution starts within weeks of the revolution. Some revolutionaries can never settle down. And that’s not bad: having principles, being ideological, having political conviction. A lot of people see this as aggression, kind of disingenuous behavior. But, honestly, I see a lot of these people who I’ve known for the past four years who are raging against the new machine. I think they’re acting mostly in good faith.
Yes, which is typical; it’s human behavior. Ironically, to the outsiders, we’re all one bunch of weirdos. They don’t differentiate between the more business-friendly weirdos or the less business-friendly weirdos. We’re all weirdos. Because the system exists, it’s been running for hundreds of years and you’re not going to come and change it.
Of course, that’s what every system that got changed says. There is a simple way out of this: At some point, there is going to be a massive backlash. At some point, “the system” that we’re disrupting is going to fight back hard, but it hasn’t happened yet.
The funny thing is that, the day the system starts fighting back, those people will not differentiate between bitcoin cash and bitcoin, bitcoin and ethereum, ethereum and ripple, monero and zcash — as far as they’re concerned, we’re all a bunch of weirdo anarchists who are trying to help terrorists and drug lords defeat the financial order. They’re not going to differentiate. They’re going to backlash against all of us, and that’s going to be the great uniting moment.
As soon as we get attacked from the outside, everyone will circle the wagons and everyone will be friends again. You see this in divided countries, where all they need is an external enemy to refocus, and suddenly they’re all on the same side.
I don’t think it matters. It’s all pomp and pageantry. They want to appear hip and relevant and “of the time” and be pro-business or pro-innovation — and it’s all bullshit. Because, first of all, these systems are not yet having an effect that’s big enough to start disrupting established industries, at which point we’re going to start seeing governments realign, knowing where their bread is buttered, knowing who is paying the bills. And we’re not the ones paying the bills, right?
At that point, we’re going to see some overt hostility and disinformation against us. For the time being, they’re just playing the part of magnanimous regulators who are sober and considerate, but not hostile to innovation because they want the jobs. It’s all pageantry. It doesn’t mean anything.
And so, in the U.S., you’ve got an incredible amount of fragmentation — because you’ve got 15 federal regulators and then 50 state regulators and half of them are screaming, “I don’t want this, you regulate it!” and the other half are screaming, “It’s our domain! Step out!” And the same thing is happening across the world.
Does it really matter in the end? This isn’t the domain of government. The fundamental invention of governance by algorithm in a decentralized system, the first thing it disrupts, is regulatory compliance.
It disrupts regulators before anyone else because it says, “We’re regulating this way, so we don’t need to be regulated by institution, by committee, by whatever.” And people think that when I say things like that I’m questioning their authority. I’m not questioning their authority; they have all the authority in the world. I’m questioning their ability to enforce their authority.
Right. Exactly.
Exactly. It’s already regulated; it’s regulated by math. It’s regulated in the most deterministic, predictable and highly-defined manner. This is a system in which the fact that it doesn’t have rulers doesn’t mean it doesn’t have rules. It has a lot of rules, and those rules are very specific.
What it doesn’t have is the ambiguity of human regulation. And people need to realize that the reason we don’t need to regulate cryptocurrencies is not because they don’t need regulation; it’s because they’re already regulated — regulated by algorithm.
If you want algorithmic regulation, this is the space to play. If you want human regulation, we already have that. That’s not new, and, in fact, that’s what we’re trying to fix.
I look at it in a very simple way: Most of the institutions we have for governance today are fundamentally creations of the industrialized era, the industrial revolution. That means they’re creations of the late 18th and 19th centuries. And they don’t scale anymore for a planet in which the shit that was spewing in the atmosphere in one place causes a hurricane across the ocean in another place.
We’re too interconnected to govern as little fiefdoms in separate jurisdictions with human governance and decision making. If you try to take the industrial era governance models and you try to simply scale them up and make bigger agglomerations — the European Union, the Russian Federation, the United States — very soon they become either corrupted, indifferent, incompetent or too slow to make decisions because they can’t scale to that size.
But the problems we’re facing require them not only to scale to that size but to scale to a transnational size. Which is horrifying because then it’d be one world government, and if my national government is not already working, then how bad is a transnational government going to be? We need a different model for governance. The industrial revolution will no longer fit our planet. So, that’s how I look at these systems.
Now, once governments realize that’s the game, that this is about changing the way we do governance and offering alternatives, I think we’re going to have some very different responses, some pushback, some resistance.
One more thing: I think we overestimate how much interest governments have in any of this. Their problems are so big and they’re so not related to what we’re doing. The dollar has its own problems, which are enormous.
Be careful what you wish for.
You’re diluting the value.
It’s completely antithetical. Because what you’re talking about is centralized custodian holders who give you a fraction of the rights that having your own keys gives you. You have exposure to the monetary fluctuation. You don’t have any of the autonomy, empowerment, voting ability, participation ability, authority, and independent validation of transactions that you have as someone who holds the keys and uses bitcoin or any other cryptocurrency directly. This is a direct participation system.
When you’re investing in a secondary market like an ETF, you’re not a direct participant in this very direct participation system. You’re a second-hand citizen. You’re a second or third class citizen. You’re only getting one part of the rainbow of attributes of this system and capabilities.
And who has the rest? The custodian has the rest. The custodian now gets to decide which fork is the real fork — not you. The custodian gets to decide how to vote on the next soft fork decision — not you. The custodian gets to decide whether you want to switch to a different cryptocurrency or not or how to disperse them. All of these things dilute the value proposition.
Now, that doesn’t mean they damage cryptocurrency.
If this was about investment, then the idea of bringing in more investors would make the thing better. But this isn’t about investment. This isn’t an investment; it’s a technology. And bringing more people into a technology, especially when that technology isn’t ready for another influx of people, it doesn’t make it better; it makes it worse (temporarily). Because all of the problems are magnified by a whole influx of newbies.
When AOL joined the internet, AOL called it a “golden moment.” The internet called it “Black Monday,” because they dumped 3 million noobs right into the middle of our nicely defined internet, which had “netiquette” and common standards of behavior and useful applications — all of which broke because it wasn’t ready for the scale of people or for the new culture of people who are not trained in the culture.
It’s not so much that we’ll see adoption. At that point, it’ll be possible to help the people who actually need this technology. We have to remember: Not everyone needs this. There is 5-10 percent of the human population that already has representative democracy, working institutions and working banks. We’re the privileged ones — we’re not the primary focus. We need it long term because our democracy is eroding faster than we can save it, but we don’t need it in the short term to buy coffee.
First, recognize that not everybody needs it and don’t try to sell to people who don’t need it. Not everybody is ready or should be part of this, right? I mean, I know I’ve evangelized a whole bunch of people. My friends got involved. And maybe they made some investments. Maybe they’re happy today, maybe they’re not happy today with me. That’s a double-edged sword.
But the real impact of this technology is on the other 6 billion: the unbanked, the underbanked, the politically oppressed. And it’s using this as a tool that magnifies personal power, especially defensive power, to help people defend themselves against large, corrupt institutions, whether state institutions or private institutions. That’s the power: It’s giving people freedom.
Now, not everybody needs that right now, and we’re not ready to just bring a billion people on board a system that isn’t ready to scale.
Absolutely.
All of the above. Every form you can imagine: nationally backed, private-backed, government-issued, privately issued. I think that, fundamentally, nationally issued cryptocurrencies are business-as-usual. They don’t change the fundamental problem. The fundamental problem is centralized control and no government is going to issue a cryptocurrency that is not centralized. So they are just moving around the deck chairs.
Right. Exactly. Or one where they can’t censor or control borders and do verification of identity. Because surveillance is more important.
So those things will happen. They’re just not particularly interesting. The thing that is interesting is the open, borderless, neutral, censorship-resistant, global system or systems that give people choices even if their own government doesn’t want them to happen.
I think people tend to reflect onto Bitcoin their preconceived politics. And that’s because it has this mirror-like capability to be what you want it to be or look like what you want it to be. In the end, it’s not Marxist or capitalist. It’s crypto. And that’s interesting because both Marxism and capitalism and all of the systems we have today were invented in the late 19th century. They are systems that are fundamentally born of the industrial revolution.
Bitcoin is post-modern. This is something that doesn’t fit into any of the existing buckets because we’re making new buckets. Because this is redefining governance and political systems. So the fact that to some people it looks Marxist, to some people it looks capitalist, to some people it looks Libertarian, to some people it looks anarchist is because they are trying to slap one of their traditional labels on it.
Your frame of reference has to be reinvented in order to label this thing. Is it an asset, is it a bond, is it a currency, is it stock? It’s a cryptocurrency. And what is that? It’s the new thing that isn’t any of those but all of those simultaneously. It has characteristics of precious metals, bonds, stocks, currencies, contracts — it has all of those characteristics. But it’s not any one of those things.
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The Communist Party have always been a progressive bunch, sometimes too progressive. On this day however, the Party has taken a new undertone to the issue of currency and their economy - they have discussed it with the Minister of Economics, a Communist who used to run the mines in Donbass herself and has come to the conclusion that accepting bitcoin as a potential currency and even opening up a national bitcoin exchange at a later date may assist with that.
This naturally would come at a cost however as it could be interpreted as the "New Swiss Foreign Bank Accounts" for "dictators and tyrants wanting to keep their riches private."
Unless, of course, it's hacked...
Despite all concerns, the Vice President, in the President's stead to make state visits, has requested Russian assistance in the formation of a national crypto-currency. "This is the future, we will be a part of it." Besides this, it would be a massive undertaking to even request assistance from a nation that has since banned the crypto-market since 2014 and it would be quite costly to the computer scientists to begin marketing the same businesses that South Korea and Japan have in the form of "crypto-ATMs".
"This is going to work. It will." ~ Vice President
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Latest Bitcoin News:
Hublots $25000 Bitcoin Watch Is Perfectly Designed to Help Me Spot Terrible Jabronis
Other Related Bitcoin Topics:
Bitcoin Price | Blockchain | ICOs
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
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Latest Bitcoin News:
Bitcoin Analysis: Price Above $6500 Resistance post US Midterm Elections
Other Related Bitcoin Topics:
Bitcoin Price | Blockchain | ICOs
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
Archiving for Daily Threads.
2018 Q1 Developments and Updates
January 19, 2018 - ICON has signed a strategic partnership with KyberNetwork
January 24, 2018 - ICON Mainnet 1.0 Launched
January 29, 2018 - MOU between theloop and Cyberdigm
February 1st, 2018 - Clarification on Partners
Februrary 6, 2018 - MOU between theloop & Smilegate Stove
Februrary 7, 2018 - Beware of Twitter Scam
February 12, 2018 - theloop-Raonsecure MOU
February 25, 2018 - ICONex Wallet and Airdrop Info
March 10, 2018 - Information regarding the ICON APAC Tour in March
March 22, 2018 - ICX listed on Upbit and Bithumb!
March 23, 2018 - ICX officially trading on Upbit and Bithumb!
March 30, 2018 - ICON 1Q Achievements
2018 Q2 Developments and Updates
April 4, 2018 - Token Status Update
April 17, 2018 - MOU between theloop & AD4th
April 17, 2018 - "Icon's listing in local exchanges is significant itself as the coin is South Korea's first platform coin"
April 18, 2018 - ICON and AD4th co-founded “Deblock” (http://www.deblock.co.kr ), a blockchain accelerator to discover, invest and support blockchain projects.
April 26, 2018 - @helloiconworld - “Pantera has about 10% of its investments in Bitcoins... But the fund’s single largest bet is on ICON”
April 28, 2018 - Event Sketch: Demo Day
April 30, 2018 - Introduction of ICONest: ICON's Token Launch Platform
May 8, 2018 - theloop signed MOU with E4net & ICON partners with Japan's First Crypto Fund 'B-Cryptos'
May 11, 2018 - CHAIN ID, developed using loopchain, to be used in “Samsung Pass” service -- The world’s first blockchain joint authentication service
May 11, 2018 - Webpage of ICONest, ICON's token launch platform, is now open
May 11, 2018 - MOU between theloop — aSSIST Business School
May 14, 2018 - Joint Venture between ICON and LINE: ‘Unchain’
May 27, 2018 - The second "Blockchain project Demo Day--New Kids on the Block(chain), sponsored by ICON was held on May 25th)!
June 5, 2018 - loopchain technology to be applied to Import Customs Clearance Procedure for the Korea Customs Service
June 5, 2018 - Launching of Mobile ICONex wallet for Android!
June 7, 2018 - ICON and Deloitte Startup Advisory Group signed an MOU to develop, empower and commercialize blockchain based projects
June 8, 2018 - Partnership Announcement for Carboneum & ICON
June 18, 2018 - ICX Token Swap Announcement
June 23, 2018 - ICON's partner, Carboneum, has a token sale that is going live June 25th and are accepting ICX as a form of payment!
July 2nd, 2018 - ICON Q2 Achievements & Deblock: ICON & AD4th Insight -- Our Global Mission Statement
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Six of the top 10 crypto exchanges by bitcoin cash (BCH) trading volume have announced plans to support the cryptocurrency's upcoming hard fork on Nov 15.
Bitcoin cash's roadmap includes upgrades to its core code every six months, but disagreement over some changes to the network have raised the specter that two distinct branches of the cryptocurrency could take shape, given that two implementations – Bitcoin ABC and Bitcoin SV – are being put forward by competing teams. While the outcome isn't clear, one scenario would see two separate cryptocurrencies arise from the fork.
A number of exchanges have now made clear their positions should a split occur, with OKEx, Binance, Bitforex and Huobi having all stated that they will "support the hard fork." Poloniex, a rank 51 exchange for BCH, stated more explicitly that it is "prepared to support trading markets for both tokens."
Coinbase was more reserved, saying it will support the current roadmap, but it added:
"In the unlikely event that multiple viable chains persist after the fork, Coinbase will ensure that customers have access to their funds on each chain."
In preparation for the event, most exchanges have said they will suspend bitcoin cash withdrawals and deposits soon before the fork to ensure customer funds are not at risk due to instability of the post-fork network(s). Users should take care not to deposit BCH during this period in such cases.
And it's not only exchanges that are having to take decisions over the potential split. France-based hardware wallet maker Ledger has said that, if the fork results in separate bitcoin cash chains, "eventually, one of these would be the dominant chain, which we will evaluate to support again then."
The BCH hard fork is set to go occur on Nov. 15 at 17:00 UTC.
Here's the current status of the top 12 BCH markets on CoinMarketCap regarding the hard fork at press time:
OKEx – support confirmed
BitForex – support confirmed
Binance – support confirmed
Digifinex – no statement
Huobi – support confirmed
Bitfinex – no statement
Upbit – support confirmed
HitBTC – no statement
Coinbase Pro – support confirmed
Bitbank – not confirmed
Coinsuper – support confirmed
GDAC – no statement
Wallets
The Bitcoin Air Ambassadors Program has been developed as a means of providing 100 lucky participants with the chance to permanently earn a position as an Ambassador within their country and aid in the constant growth and outreach of Bitcoin Air on a large scale level. The main goal is to allow us to produce as many points of contact for our development as possible, in as many countries as we possibly can.
Our Ambassadors will be in charge of social network outreach, planning and organizing of community events, BETA Testing and Functionality, marketing and promotion efforts, and much more. They will be our front line team when it comes to countries reaching out to Bitcoin Air on a personable level. Ambassadors will play the largest role in ensuring that Bitcoin Air achieves it’s maximum potential in achieving it’s goal of producing a currency that provides back to the environmental efforts of maintaining our planet and personal well-being.
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This fall was very eventful for the Crypt-ON project. Blockchain Cruise Mediterranian, Malta Blockchain week, a World Crypto Con conference in Las Vegas… It looks like an excellent start for an innovative startup, that has already attracted the attention of many blockchain enthusiasts and investors. The Crypt-ON project already has an interest not only for private investors but also the whole investor pools.
CEO Paul Andreev and IR Manager Paul Almazov during various blockchain events met with significant and authoritative people of the crypto industry — the legendary John McAfee and crypto guru Charlie Lee, bitcoin Jesus Roger Ver and CEO of the Binance exchange Changpeng Zhao. Whey held talks with several large investors who saw in Crypt-ON not only a platform for making secure trades in cryptocurrency but also a significant investment project with serious prospects. Some of them have already purchased IPT tokens during the pre-TGE stage.
If you want to take part in TGE, make an offer about joint work, or learn more about the project, you just need to know that Crypt-ON team is open for dialogue. Everyone can ask any question as online so in person at one of the upcoming conferences, which are planned to be visited by the team members. Follow the project development and news in social networks, and join the Crypt-ON group in Telegram.
It’s only the beginning!
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Latest Bitcoin News:
Why An SEC Announcement Is What Stands Between Bitcoin (BTC) and a $7200 Price Value
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Bitcoin Price | Blockchain | ICOs
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
In late September 2018, France became the first EU member state to release official guidance on the complicated interplay between the General Data Protection Regulation (GDPR) and blockchain technology. The Commission nationale de l’informatique et des libertés (CNIL) guidance is complex and nuanced but suggests some important takeaways about blockchain GDPR compliance.
The CNIL guidance identifies a category of actors termed “participants” (i.e., initiators of transactions on a blockchain) who have rights to write data to the chain and who decide to submit that data for validation by other participants (i.e., miners and “validator nodes”). Because these participants are deciding the purposes for which personal data will be processed and have chosen blockchain technology as the means for processing, the CNIL remarks that they should be considered controllers.
This part of the CNIL guidance will have a significant positive impact on various blockchain solutions — especially self-sovereign identity solutions — that seek to take control over personal data away from business entities and put it back into the hands of individuals.
According to the CNIL guidance, a controller will be either (a) a natural person who is processing personal data in a professional or commercial context or (b) a legal person who is writing personal data to the chain.
In a specific example, the CNIL states that “a physical person who engages in the purchase or sale of bitcoin … can be considered a controller if he conducts these transactions in the course of a professional or commercial activity, for the accounts of other physical persons.”
This statement appears to put cryptocurrency exchanges squarely within the definition of a data controller under the GDPR and likely subjects them to all obligations applicable to controllers.
The CNIL guidance notes that any actor merely validating transactions or writing data to the chain at another’s direction should be considered a processor. Therefore, persons or entities operating as miners or validator nodes on a blockchain will likely be considered processors of personal data.
Despite previous conjecture that a blockchain’s immutability would put it forever at odds with the right of erasure, initial guidance proposes a welcome middle ground.
The CNIL suggests that erasure of personal data stored on a blockchain might be accomplished by rendering the data “almost inaccessible, and therefore approximat[ing] the effects of erasure of the data.” Further, destroying the underlying private key or value generating the encrypted or hashed result would be “sufficient to anonymize the cryptographic commitment in such a way that it loses its quality of personal data.” Of course, in order for these techniques to be effective, personal data residing off the blockchain must be deleted as well.
Among those who might be classified as controllers on a permissioned blockchain — those entities determining the purposes for the processing and writing to the chain — the CNIL offers two options: The controllers or group of participants may either create a legal entity in the form of an association or “GIE” (Economic Interest Group), or they may choose one participant to make data protection decisions for the group and designate that entity as the controller.
If the group chooses to do neither, then each participant will be considered jointly responsible as a controller under the GDPR and must separately adhere to all applicable obligations. (The application of this concept to a public permissionless blockchain remains unclear and will likely be a subject of future guidance.)
With regard to smart contracts, the CNIL guidance keeps open the possibility for the designers of smart contracts to be either processors or controllers, depending on the circumstances. However, the guidance provides some clarity by citing an example that directly invokes a real-life smart contracts pilot called “fizzy,” which was launched last year by global insurance company AXA.
In the example, “a software developer offers an insurance company a solution in the form of a smart contract, which allows the company to automate the compensation of passengers when their flight is delayed. This developer will be viewed as a processor by virtue of the insurance company, the controller.” The entity directing the creation and use of the smart contract will likely be deemed a controller.
Any organization building or using blockchain solutions must keep privacy compliance at the forefront — both in meeting the requirements of the GDPR and in minimizing potential for harm to individuals. Organizations should begin by considering whether a blockchain solution is truly necessary or whether the same result can be achieved by more traditional, centralized means. The CNIL wisely points out, “Blockchain is not always the best technology for all processing of data; it may be the source of difficulties for the controller with respect to its GDPR obligations.”
If blockchain technology is still preferred, the CNIL strongly encourages entities to perform a privacy-by-design analysis in advance of any processing. The regulator repeatedly recommends that developers, businesses and other actors undertake a detailed assessment of the need for recourse to blockchain technology, the privacy “pros and cons” thereof, and the way that personal data will be handled on the blockchain platform.
It is also crucial that the controller determine the need for, and if necessary conduct, a data protection impact assessment (DPIA) for each processing operation envisioned on the blockchain. The DPIA will allow the controller to later demonstrate that it has weighed and documented the risks and protections in advance of processing.
The CNIL’s security guidance advises blockchain operators to account for the possibility of “51 percent attacks,” where actors controlling more than half the network’s computing power would be able to modify or prevent further transactions or entries on the chain. To prevent such an event, the CNIL recommends that evaluations be performed to determine the minimum number of miners needed to mitigate this risk.
Still, while it is advisable to ensure that a blockchain is adequately distributed among at least a minimum number of independent nodes, far more complex controls will be required to guard against risks related to collusion and consolidated control over those nodes.
The CNIL’s guidance is seemingly inconsistent on the extent to which a data subject should be able to contest the output of smart contracts.
In one sentence, the guidance appears to require that data subjects be able to intervene in smart contracts, stating that a “data subject should be able to obtain human intervention, to express his point of view and contest the decision, after which the contract may be executed.”
In the very next sentence, the guidance appears to state that it is sufficient to allow a data subject to challenge a smart contract after execution, stating that it is “appropriate that the controller provides for possibility of human intervention that allows … the data subject to challenge the decision, even if the contract was already executed.”
Perhaps the only thing that is clear is that in scenarios where smart contracts process personal data, the data subject should have some level of recourse to challenge the outcome of the smart contract transaction.
On October 3, 2018, the European Parliament passed a resolution titled “Distributed ledger technologies and blockchains: building trust with disintermediation.” The resolution, which acknowledges distributed ledger technology as “a tool that promotes the empowerment of citizens by giving them the opportunity to control their own data,” makes recommendations to member states encouraging adoption and best practices of blockchain platforms.
Both the EU resolution and the release of the CNIL’s guidance send a strong signal that the EU will not, as some have feared, decree blockchain technology to be fundamentally incompatible with the GDPR. To the contrary, these official actions indicate an acute awareness of the advantages of blockchain technology and a willingness to work with industry to increase adoption, so long as participants understand that there may ultimately emerge right and wrong ways to “do blockchain” from a privacy perspective.
This is a guest post by Laura Jehl, Robert Musiala, Stephanie Malaska of BakerHostetler. Views expressed are those of the authors and do not necessarily reflect those of BakerHostetler. its clients, Bitcoin Magazine or BTC Inc.
Robert A. Musiala Jr. is BakerHostetler’s Blockchain Counsel. His practice includes advising blockchain industry clients that have previously completed “initial coin offering” events on strategies for mitigating personal and business risk, limiting business disruption and achieving regulatory compliance.
Stephanie Malaska, an associate with the firm, focuses her developing litigation practice on international disputes and related cross-border issues.
https://bitcoinmagazine.com/articles/op-ed-10-takeaways-recent-french-guidance-blockchain-and-gdpr/
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First of all /u/Pollguard has asked me to take over this thread. And last years was made by /u/root_su and since he is not here. I am making this post.
Happy Diwali Guys!
In this thread, we write down our prediction of one thing to come until Diwali 2019.
You can make prediction about absolutely anything and you do not necessarily have to justify them. Obviously you have to keep them India-centric.
Some examples at the top of mind: escalation in war, a particular party coming to power in your state, some criminal getting acquitted/found guilty, a bollywood movie breaking records, Sensex levels, exchange rate
Take your pick and some redditor in the Diwali of 2019 will dig out this thread and see how well /r/India did.
Last years thread - https://redd.it/76wphp
Now let's check last year's predictions -
| Username | Prediction | Result |
|---|---|---|
| u/newinvestor0908 | Arnab is given padma award | fail |
| u/Noobflair | By next Diwali I will have completely turned my life around, start the website I have always been dreaming of, quit smoking, go from ugly and fat to ugly and beefy, higher self esteem and maybe sax. | rooting for u/Noobflair |
| u/lonerwithboner | /r/india will be swarmed with ex-Quora ppl :( | Well... |
| u/have_another_upvote | I will get banned from r/india, Team India will win at least one test series overseas (only Eng, SA, Aus count), Nifty will cross 11000, The Winds of Winter will not be released | Well did he? |
| u/yal_sik | Donald Trump will visit India, India and Pakistan will have a small border skirmish, Nifty will touch 8000 | Trump did not visit india, ceasefire since 29 May, Nope |
| Deleted | Here are my predictions: High conviction BJP will win Gujarat assembly elections, handsomely, GDP growth rate of India will hit 8% at least in one quarter, by next year, NIFTY will touch correct above 10,500 (clarified on 17/10/2017) Moderate conviction Despite all noise, Congress as a political party will struggle to gain ground (based on poll results), Snapdeal will shut shop, Spotify will NOT start a service in India, despite all speculations to the contrary, GST rates will come down, significantly.,Income taxes will come down for all tiers other than the topmost. Wild Speculation China's GDP growth rate will gather momentum. Will hit 7.5%., 1USD > 68 INR, JDU will leave NDA, Final UCC will be tabled in the parliament, Adani coal mine in Australia will go ahead as planned, Contrary to speculation, Theresa May will STAY ON as PM, Regime change in Brazil, Catalonia STAYS in Spain, Australia votes AGAINST same sex marriage (NO camp wins), India becomes the fastest growing large economy in the world, again | I am lazy..., Spotify is not out yet :/ |
| Deleted | We will get to understand Ambani's evil plans behind jio's freebies. | Porn is banned. |
| u/lolsabha | Large scale communal riots in UP. | |
| u/dreamer_iiit | India economy would be on full track. | |
| u/parlor_tricks | Eh.. Next year the drama quotient for elections will be at fever pitch. PM will pull some dramatic move(s)/surprise (s) out of his hat to shake the electoral logic. Since he will learn from his previous moves, I expect it to be more surgical than before. He won't do it in time for diwali, Maybe 3 months before the election. GST logjams will even out, but there will be permanent damage to the unstructured economy, which will reflect in medium/big businesses doing better and rural areas doing worse. People who can manage the transition and do tax compliance will survive. I'm guessing small business starts will be affected in the B2B segment. Out on a limb on this one :P. Polarization in America will continue, and in most of the world. I dont expect non-partisan politics to return anytime soon in that country. The way their system is set up will very likely lead to schisms within both the right and the left, so I expect more polarization within parties themselves. America won't go to war. Communication online will continue to get worse, as it becomes easier and easier to polarize groups and then coalesce them into networks. EDIT!: This may be premature - there is a good chance that next year is the year of "GEO ENGINEERING!" Brought to you by none other than the regular bevvy of idiots who brought you "CLIMATE CHANGE IS A HOAX". P I have always believed that when people cant run the climate change denial media machine, they would be a scramble for a good CYA message. "FIXING THE EVIL CLIMATE WITH MAN AND MUSCLE!!" Would be the most dumb-ass message dumb manipulative cunts could sell to the same masses they sold climate change to. | If this is unreadable i'm trying to figure out how format the table. |
| u/nolanised | Got end will be a let down. Bitcoin will reach $10k. Modi will fuck up the country somehow. | .. |
| u/Ranjhanaa | Bhai will not get married. No war between NK and USA. Indo Pak relation remains the same. Sanju Baba's biopic flops. A biopic on Chunky Pande featuring Tushar Kapoor. | bhai is Virgin AF as expected, No war yet, indo pak relations are same. sanju baba bio was a hit. IIRC |
| u/Main_Hu_Doga | Jio will surpass Vodafone in userbase., Germany will win the football world cup., Ram Mandir matter will resolve., A prominent politician will be in big trouble., Government will bring a semi-demo like reform., BJP will lose Rajasthan., SRK's movie will flop., Flood in Mumbai., SC will face backlash for overrech., A Bollywood scandal., Temperatures in summer will reach new heights. | jio did, france own the worldcup, Rammandir issue is no solve, a prominent politician is indeed in trouble, no gov would not, election is due, SRK movie is not out yet, Flood in mumbai is everyday thing, A lot of bollywood scandals. left right and centre. |
| u/Doctor46Strange | I will get married next year. | please update are you married? |
| u/Sarcasticfan | Related to India - We will have a new state formed., Bangalore will die in 4years 3 years from now., Harvey weinstein type controversy in Bollywood. Vijay Mallya to be new BJP president., One of Infosys, TCS, Wipro will dissolve., Telangana to be next IT capital., North Indians will admit not all southies are "Madrasis". South Indians declare this day a National holiday., Rajanikanth joins BJP. Kamal Hassan joins Congress., 3000 of 15000 potholes in Bangalore to be covered., 2019 elections to be canceled. Modi declares Emergency and is our new supreme leader., 1 USD will be less than 50 INR., Reliance will contribute to 30% of India's GDP., People who booked Freedom phones to get it by 2018 December., Tinder officially declared a matrimonial app., China donates Tibet to India and wants Bihar in return. Modi denies and declares war against China. Lalu yadav claims conspiracy and joins Communist party of China., Kim Jong Un promises to launch 500 nuclear missiles and shift base to Mars. Starts GoFund me campaign - gets USD 750 billion dollars., Doordarshan no longer the national news channel. Republic TV declared National TV. Even Arnab does not know how., Team India Jersey to be made saffron colour. Kashmiri pandit opposes this., Mandir wahi banaenge., Taj mahal demolished on petition filed by Subramanian Swamy. Finds birth certificates of all our Gods. Supreme court dismisses it as it is not linked to Aadhar card. | 3000 potholes were covered but new 40000 came up. tinder broke my heart <3. |
| u/mango_indian | dark matter theory will be doubted more and more with more hypothesis against it., youth unemployment will become major problem/will continue to rise in india., nokia is back, blackberry stock will rise not the company's phones., bitcoin will be proved as bubble, but blockchain will go on., Layoffs continue in IT at mid-management levels, deepmind would have taught itself motion detection so that it can be used in driving., Telugu movies will continue to be dubbed in hindi but none of them will do well, rajamouli will start a movie but movie wont release in by diwali., some Hollywood movies will actually do well in india better than bolly biggies, court will throw the ball of ram mandir issue back at the madir-masjid comittees(no decision), lab grown meat trials begin on humans, more pro-euthanasia measures in developed countries, chennai flooded., There will be financial crime charges on trump., adani coal mine wont go ahead due to financial reasons | unemployment is still a problem., nokia is back, black berry tried to make phone. lab grown meat are being eaten by hooman, there is allegations on trump. |
| u/rottenTampon | Amazon prime subscription price will increase. This is known to many. My prediction is that prime video content will get significantly better by next year. | prime subscription price increased IMO prime videos has gotten better and prime music is here, |
| u/udi_baaba | Petrol at 80+ Rs per litre because oil is going back to the higher prices. Inflation keeps growing because of GST fiasco. Loan waivers in more states. First movie in bollywood to cross 1000 crore domestic earning. | petrol prices are up. |
| u/led-my-zeppelin | Prediction till Diwali 2018:Politics,There will be a new 1000 rupees note, GST will be reviewed prior to election campaigns for 2019, Donald Trump will be impeached, BJP in splits, Kejriwal will see an increase in popularity, DMK will come to rule in TN, Queen Elizabeth will be no more, Rahul Gandhi will act with sense and gain traction, Kim of NK will get into trouble, Fuel prices again under government control, Kamal Hassan will enter politics.. join hands with DMK,Science:Some new development in battery storage and fast charging technology, A breakthrough discovery regarding Space/Astronomy, A new drug with possibility to cure cancer, ISRO will face another launch failureSportsSindhu will be world no 1Entertainment,End of Big B, New Scandal videos of famous actress will be leaked, Rajini will quit cine industry, Salman will get married,WeatherAnother Mumbai Floods on cards next summer, Earthquake in Delhi, NCR, Gurgoan destruction expected, A major fire accident that will lead to loss of many life in North India, A cyclone in Arabian sea set towards Mumbai. | Well guess what... |
| u/Vickythiside | She would have asked me out by Diwali 2018. Everything goes happy happy & peaceful. | did she asked you out? |
| u/AasaramBapu | Bitcoin will surpass $10k | |
| u/unrealestate5 | Rahul Gandhi will..do nothing. | ... |
| u/digi23 | CSK will win IPL 2018, India 0 - 4 England in England Test series. | CSK won the IPL. and i don't watch much cricket so someone should tell me about the latter one, |
| u/ravindra_jadeja | Fractured verdict in Gujarat, A major filmstar will commit suicide, There will be an assassination attempt on a major Politician. (an astrologer has predicted this, in fact a murder, but I am scared to put down the name.) | NO comments. |
| u/vaibhav1011 | Danerys dies | I don't watch game of thrones. someone tell me. |
| u/amanb20 | Reliance jio will start throttling speeds for some websites while major players like Facebook, will work lightening fast.This is will be the first step in Ambani's plan to kill net neutrality. Edit : Also, I would have finally figured out what I want to do in life. | We dont know ambani's plans yet. Did you figure out what you want to do in life? |
| u/myvision2013 | My dept will be zero. Then i will start my small business | is your debt is zero? did you start your business? I hope so. :) |
| Deleted | This is interesting. Lets see, Modi launching another new shit that'll enrage public at large., BJP suffering unprecedented major fallout., Some major celebrity will die., Kejriwal may do or achieve something big., Non-bhakts will outnumber bhakts online., Adityanath is going to carry out some major fuckups., Some big ruling(s) by SC., India will break new records in global warming., Emigration will reduce. More people will come back., New BJP scams will surface. | Sridevi died. |
| u/indozo | A massive propaganda against Taj Mahal, Jama Masjid or Qutub Minar will start similar to how it was against Babri Masjid with even mainstream media demanding theories destruction or removal for a grand temple. A lot of stupid, anti-minority news will dominate to deflect attention away from Modi's swindling of the economy. | ... |
| u/MarangoniConv | Xiaomi will become number 1 selling brand in India for one quarter, and then quickly fall down to 3rd or 4th position by next year diwali | infact people are buying xiaomi pen. |
| Lives_Under_A_Cage | Modi will be dethroned by May 2018 and Rahul Gandhi will be elected unopposed. Our new PM will eliminate poverty by next Diwali. | did not happen. |
| u/saigrooves | Lakhs will loose jobs to automation/machine learning algorithms, Crypto currencies will make millions cry (not in joy), India will work towards banning, sale of diwali crackers, in more states, Firms selling house hold products, from table salt, to the bindi on your mums forehead, will have shown tremendous revenue growth, thanks to GST, Smog levels in Delhi will touch new highs, India will experience certain catastrophic events, visible on a national level, EICHER MOTORS will see tremendous YoY earnings., Market prices for a variety of scooters/bikes sitting on the BS-III /IV norms will be down by enormous numbers, with Goa seeing a surge in bike rental shops., India will see the entry/sale of European Step style scooters, New players in Luxury segment autos to enter the market, Indians will set a bigger footprint in the world of electronic music, including me! (shameless self marketing, Linkwasherethatihadtoremove), Tamil Nadu will witness a major change in leadership and governance, I will be writing the next set of predictions | cathostrpic event happened, india did move toward banning, new smog record in delhi, and I hope OP is writing this years predictions too, |
| u/brown_terrorist | Ikea will have a grand opening. And it's going to be amazing! Balloons, hot dogs and ice cream. Maybe even a free pillow case with every purchase | ikea had a grand openin no idea about the latter one. |
| u/Froogler | China will see a terrorist attack, Health & fitness will be the new startup unicorn fad, BJP will lose in Gujarat and win in Karnataka | |
| u/sensibledesi | Dhinchak Pooja will sing atleast one song in a mainstream bollywood movie. | Nope. |
| FuriousFrodo | My prediction: BJP loses Karnataka State Elections, Bangalore will have continuous rains till 2018, I will visit Spiti | did OP visit sipti? we may never know |
the predictions are not yet added as I am on mobile
