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Possible Satoshi Nakamoto revelation drives Bitcoin course

Posted by admin on 31. December 2018
Posted in Bitcoin course 

With a sudden gain of $16.50 in just 15 minutes, the Bitcoin rate jumped a few percentage points last night.

The price rally began at 23:15 UTC and ended around midnight after Bitcon’s price reached a temporary high of 418 USD. The strongest price movement took place between 23:15 and 23:30 UTC.

Experts don’t quite agree on how the price jump came about. It is speculated that the continued high activity in the Chinese market or the possible revelation by the Bitcoin inventor Satoshi Nakamoto may have been the reason for the rapid rise.

Support from Bitcoin code?

The recent rise divides the opinion of market analysts, as a few hours after the publication of an article on the websites of online magazines Wired and Gizmodo about the possible unveiling of the Bitcoin creator “Satoshi-Nakamoto”, known under the psyeudonym, the share price rose rapidly. The article states that the mysterious inventor of Bitcoin code may well be the Australian businessman Craig Steven Wright and the American forensic scientist Dave Kleiman. Here is the Bitcoin code review.

The article first appeared on the Wired website at 21:25 UTC, 2 hours before the jump. Nevertheless, some market observers agree: the possible revelation had a psychological effect on the market, because with the revelation it would at the same time create clarity about the more than 1 million dormant BTCs.

“I think that the Satoshi News has caused this rapid price jump, because the article describes how the 1.1 million BTCs are supposedly hedged and will not be released until 2020,” says Tuur Demeester of Adamant Reserach. “I think the market is ruling on the article with a bullish bet on the truth of the story.”

Currently there are about 14.9 million Bitcoins in circulation. Thus the share of Satoshi Nakamoto or the Nakamotos represents a share of 16%.

According to Gizmodo, an unfinished contract was leaked to the agency, stating that the now deceased Kleiman had been granted power of attorney for 1.1 million Bitcoins by January 1, 2020. The transferred Bitcoins were then to be handed back to Wright on 1 January.

Remarkably, there is also an indication of the terms under which the Bitcoin code should be sold:

“The trust fund PDF file was signed by Wright’s deceased friend Kleimann. It is written that while the Bitcoin code may not be issued until 2020, Wright has the right to borrow Bitcoin code for research and commercial activities that further the value and position of Bitcoin,” Demester said.

With the letter, the market has received an indication of what will happen to the 1.1 million “mystery coins” in the future and when they might be released to the market. So far there has been absolute uncertainty on the subject.

Ex-Goldman Sachs president and former Trump consultant Gary Cohn believes in the possibilities of a global crypto currency. The Bitcoin, however, does not have this potential, it is too complicated for that. The former director of the National Economic Council told the American business channel CNBC this week.

The currently growing list of critical voices on Bitcoin formula will thus be extended by another well-known member

A worldwide crypto currency will come, as ex-Goldman-Sachs President Gary Cohn is sure in a conversation with CNBC on Tuesday. Equally certain, however, is that Bitcoin formula will not be able to achieve this goal: https://www.geldplus.net/en/bitcoin-formula-review/ He is simply too complicated for that. But a digital currency that is easier to understand could be used worldwide in the future.

“I believe we will get a global crypto currency if the world understands it and it is not based on mining or electricity costs or such things, so Cohn’s assessment.

“It will be easier to understand how the currency was created, how it works and how people can use it.”

However, this is not a rejection of blockchain technology. Rather, Cohn emphasized that a future crypto currency will probably also be supported by distributed ledger technology.

He doesn’t believe in Bitcoin, but he “believes in blockchain technology,” says Cohn, who led the fortunes of American investment giant Goldman Sachs from 2006 to 2017.

Cohn: From the White House to the crypto bank?
When asked about his old employer and his increasing involvement in the crypto industry, Cohn answered briefly:

“They should do what’s best for their shareholders.”

At the end of April, the leading US investment bank, Justin Schmidt, recruited its first trader directly from the crypto industry and thus rekindled speculation about entering the market with digital payment alternatives. Such had become loud last year. According to reports, the bank was planning its own trading department for crypto currencies, Goldman, on the other hand, is entering.

Unlike his old employer, however, he is considering setting up “a regulated bank for the digital world” himself, says 57-year-old Cohn.

“I have an idea for a company. It will be an interesting concept, drawing on my knowledge of the banking world.”

Last year, he left Wall Street and took up a White House post as director of the National Economic Council under President Trump. In March, however, he announced his resignation, probably in protest at the punitive tariffs Trump is imposing to fuel the domestic economy.

Cohn’s ex-colleague Mike Novogratz, among others, has already shown the way to the digital age. The former Goldman-Sachs employee currently runs his own crypto bank, Galaxy Digital.

Voices from the Bitcoin trader

In addition to Gary Cohn, numerous well-known Bitcoin trader figures of the institutional financial system with their assessments of crypto currencies are taking the floor these days. For example, Warren Buffet, Charlie Munger and Bill Gates, some of the biggest names in the investment world, have sharply criticized Bitcoin, ICOs and crypto currencies. Microsoft founder Gates, for example, would bet against Bitcoin “if it were easier,” the former richest man in the world told CNBC.

But more optimistic tones came last week from another former head of the Trump administration. In an interview with the New York Times, former Fed Governor and Trump consultant Kevin Warsh stressed the potential of crypto currencies for central banks. Nevertheless, more decisive research is needed so that crypto currencies can be used by central banks.

The Top-Bitcoin-News of the Week

Posted by admin on 2. December 2018
Posted in Bitcoin Cash 

Bitcoin is back against gold, while IOTA wants to abolish the coordinator. In Texas, (alleged) Bitcoin mines are closed, BTC and XRP begin to take different routes. The Hash War at BCH comes to an end, Bitcoin is still on dive. That’s what interested our audience the most. The BTC-ECHO-Newsflash: The Top-Bitcoin-News of the week.

Not everyone has time to follow the flood of news in the crypto universe. For those (but also for all others) there is the BTC-ECHO-Newsflash: What our visitors found most exciting last week.

This is how gold became debt money – Can this happen to Bitcoin news?

Max Kuhlmann takes us on a little journey through the history of Bitcoin news and asks us the question: How could it happen that a pure gold currency became a monetary system of gold-backed promissory notes? How this happened and whether the Bitcoin news can also happen is explained in the article.

IOTA plans gradual abolition of coordinator
IOTA’s coordinator is sometimes suspected of not being the most decentralized figure in crypto space. The IOTA Foundation now wants to say goodbye to this.

My Crypto Mine: Texas ends Bitcoin formula Mining Scam

What’s more lucrative than Bitcoin formula? Mining scams. But only if Bitcoin formula works. A deterrent example for fraudsters: my Crypto Mine.

BTC, Ripple and Ethereum – Price Analysis KW48 – Exemplary Downward Movement
The dive of the BTC course was without question a formative experience in the last week. With all the lows in the markets one wonders: Where is all this going to lead? Our price analysis gives an assessment.

Crypto and traditional markets KW47 – Separate paths for Bitcoin and XRP?
As most hodlers, traders and those interested in cryptography will have noticed in the meantime, there is still a high correlation between Bitcoin and all the old coins – if BTC rises, the whole market does. The XRP token could soon break away from this. Why? Look here.

Bitcoin mining: Up to 800,000 devices switched off
Mining is particularly attractive in the bull market. However, since the bulls are not very visible at the moment, some miners are currently withdrawing from the market. What this means for the ecosystem – one suspects it – is stated in the article.

War is over: Bitcoin Cash ABC wins out
The BCH war is over. Details are available from our war reporter David. Where does that stand? Here.

BTC-ECHO study: Where does the German Blockchain ecosystem stand?
Finally, a little Advent candy for our readers: our exclusive BTC-ECHO study. We investigated the German Blockchain start-up scene in cooperation with BlockState. The results were some surprising. But see for yourself.

Have a nice Sunday

Jacek Czarnecki currently holds a Master’s degree in Law and Finance from Oxford University, specialising in digital currencies, decentralised account management and financial regulation. He has also co-authored the first publication in Poland on digital currencies.

In this Bitcoin news, Czarnecki discusses an aspect of the European Commission’s recent proposal

This Bitcoin news deals with the regulation of digital currencies, with far-reaching consequences, as he says. Recently, the European Commission announced Bitcoin news under the EU anti-money laundering and terrorist financing regulations. These concern the trading or exchange of digital currencies, and possibly wallet providers.

This action is part of a broader European Commission action to combat terrorist financing.

While these intentions are not surprising, there is a hardly published and lesser known proposal by the European Commission. This has the potential to revolutionise government regulation of digital currencies in the EU.

The obsolete idea of Bitcoin formula

The intention to take Bitcoin formula into account when regulating money laundering and terrorist financing has already been expressed several times by the EU institutions – e.g. by the European Banking Authority in 2014 and after the terrorist attacks in Paris in February and November 2015.

It seems that the recent tragic events have strengthened the regulatory intent of the European Commission.

It is interesting that the intended changes (details will be published in the second quarter of 2016) are likely to be made to the 4th Anti-Money Laundering Directive. Even if the directives are to be adopted soon, EU member states will have enough time to implement the changes.

These developments are not unforeseen, as many other authorities have already taken steps to regulate (USA and Canada) or intend to do so (UK and Australia).

Measures to this end have also been recommended by the Financial Action Task Force (FATF), an intergovernmental organisation helping to enforce international standards in the fight against money laundering and terrorist financing.

Isn’t it difficult to convince the big TV stations?

Posted by admin on 13. November 2018
Posted in crypto currencies 

Which partners do you already have on board? For us, strong partnerships are essential for good content. TV stations are certainly among the biggest producers of video material, but there are plenty of other sources from film studios to YouTubers or Vimeo producers. We have exciting partners from various sectors on board. On May 24th our ICO starts and in the following days we will announce them. You may be curious.

What do I as a TV viewer have to do to get Bitcoin profit transferred into my wallet?

At the first start of TV-TWO a local wallet will be created by the Smart-TV-App according to onlinebetrug. The Private Key is presented once as a QR code on the screen. This allows the user to synchronize his wallet with other devices. We are very anxious to make the setup as simple as possible. So we can introduce completely new parts of society to Bitcoin profit crypto currencies via TV-TWO. Once the QR code has been scanned with a mobile phone, it’s time to lean back and enjoy the future of television. The tokens are collected automatically and conveniently.

When millions of people watch TV and are rewarded via token micropayments, aren’t there necessarily scaling problems of the Bitcoin profit?

The scalability of the Bitcoin profit blockchain is indeed one of our biggest challenges. Until scaling measures such as sharding take effect, we used ┬ÁRaiden payment channels to combine the respective advantages of on-chain and off-chain Bitcoin profit transactions.

Where do you see TV-TWO in five years?

In five years we would like to have established TV-TWO as a well-known player in German-speaking countries. Advertisers are delighted with the transparent TV advertising market and are taking full advantage of the digital opportunities on TV. Some YouTuber have switched exclusively to TV-TWO because they wanted to move away from clickbait-driven trends and towards transparent watch statistics. TV stations have decided to also broadcast their content to us in order to maximize their reach. We are pre-installed with every major television manufacturer. Even a TV market share of one percent in the DACH region would give our token a market capitalization of around 100 million euros. So the possibilities are gigantic.

In his opening speech on EU Digital Day, EU Commission Vice-President Andrus Ansip called on the member states to show greater commitment to the use and development of blockchain technologies. Europe must play a leading role worldwide. To achieve this goal, 22 of the EU member states signed a Blockchain partnership at yesterday’s event. In the future, this partnership should bundle the commitment in the further expansion of the common digital market.

Every year, the EU Commission’s Digital Day faces up to a new Bitcoin trader challenge

Shaping Europe’s digital future together and finding answers to the challenges of Bitcoin trader digitisation in consultation. In addition to the development of digital health care and artificial intelligence, this year’s Digital Day was dominated by the Bitcoin trader blockchain.

Commission Vice-President Andrus Ansip used his opening speech to send a message to the renowned visitors of the communication and technology industry: Europe has what it takes and must therefore play a leading role in the use and development of the blockchain.

“The European technology sector sees the Blockchain as an area where Europe is best positioned to play a leading role. However, it is no secret that we need to invest – both politically and financially”, warns Ansip, because the technologies are currently changing from “laboratory to mainstream”. It is important to “catch up a lot”.

For this to succeed, support from the private sector is particularly necessary. The EU Commission alone could not cope with the effort.

In the afternoon, the ceremonial signing of the Blockchain Partnership Initiative was the focus of the event. 22 member states declared their willingness to work hand in hand in future on the investment and development of blockchain services. Such a partnership is necessary in order to avoid fragmented efforts by individuals so that the technology can “flourish”, according to the Commission’s website.

EU Commission as decisive crypto trader blockchain patroness

The first cross-border crypto trader blockchain services are to be introduced by 2019 under the auspices of Brussels. Matthias Machnig, SPD State Secretary in the Ministry of Economic Affairs, signed the partnership declaration for Germany: https://www.geldplus.net/en/crypto-trader-review/

The EU Commissioner for Digital Economy and Society, Mariya Gabriel, welcomed the signing. She assumes that the blockchain will be used in all areas of public services in the future.

“The Blockchain is a great opportunity for Europe and its member countries to rethink their information systems, strengthen citizens’ trust and personal data protection, and explore new business and leadership areas. Today’s partnership helps member states, together with the EU Commission, to transform the enormous potential of the blockchain into better services for citizens”, said Gabriel.

With the signatures of the 22 member countries, which include Estonia, Finland, France, Germany, Malta and the United Kingdom, the EU Commission has once again become a strong supporter of the Blockchain technology. In February, for example, it set up the EU Blockchain Observatory Forum in partnership with the Ethereum start-up ConsenSys. The project is aimed at exploring public applications of the blockchain.

In total, the EU has already invested over 80 million euros in the development of blockchain services. Another 300 million euros will follow by 2020, according to the press release.

Distribute: Insights from the Hamburg Blockchain Event

Posted by admin on 10. October 2018
Posted in 3D printing 

On Friday the Distribute 2017 took place in Hamburg. We from BTC-ECHO were there and give you some insights about the event.

At the Distribute short lectures were held within 30 minutes on blockchain topics. In addition to the presentation of new technical challenges, regulatory issues and even the global standardization of blockchains were discussed. Here are a few examples of presentations that we personally found interesting at the Distribute:

Blockchain for 3D printing

3D printing is one of the up-and-coming topics in the manufacturing sector and is changing many organizational structures in the industry, which until recently was dominated by a few large corporations. This is where the SAMPL project comes into play, which was presented by Chainstep and has Prostep AG as consortium and funding agency. The aim of this project is to develop a new blockchain solution that enables the secure exchange of production data. This means that producers can be distributed decentrally all over the world. If a product is requested at a certain location, it is possible to send a production file to the nearby producer, which enables him to produce exactly this original product. The blockchain also ensures a special security level for the print data due to the decentralized feature. What is decisive about the technology is that the print data is transferred via the blockchain, thus guaranteeing special data security. With this project, the consortium was even able to obtain federal funding. The project runs until the end of 2019 and is to achieve the goal of batch size 1 on an Ethereum basis, i.e. individual, exactly demand-oriented production.

Blockchain for submetering

Another industry in which blockchain compatibility has been considered is the current meter. Submetering refers to the measurement of the energy consumption of residential units. Using existing smart meters, startups try to create fair billing models using the blockchain. Since residential units are usually billed jointly and the costs are shared among the rental parties, start-ups try to determine fair amounts for each rental party on the basis of a smart contract. All of this is to be based on the Ethereum blockchain, so that the relevant data can be publicly viewed. However, this was also the biggest point of criticism during the discussion – after all, it also touches on many questions of data protection, many visitors said after the presentation.