CryptoKitties, perhaps the best-known decentralized application (dApp) on the Ethereum network, will launch its first mobile app in partnership with Taiwan-based smartphone manufacturer HTC.
CryptoKitties to Launch on Mobile Following HTC Partnership
Announced on Tuesday, the partnership will see CryptoKitties released on forthcoming HTC devices within the near future, beginning with the U12+, the company’s flagship phone.
The CryptoKitties dApp, which allows users to create, breed, and sell unique digital cats — structured as ERC-721 tokens to ensure scarcity — became so popular last December that it single-handedly clogged the Ethereum network and forced at least one startup to delay its initial coin offering (ICO).
However, despite netting creator Axiom Zen $12 million in Series A funding, the game has seen lagging user interest in recent months against the backdrop of the cryptocurrency bear market. At present, the app has less than 350 daily active users, though it still ranks as the most widely-used dApp-based game.
According to the HTC website, the CryptoKitties app will initially be available to U.S. users, but it is not immediately clear whether it will launch in other markets.
HTC Makes Crypto Play as Firm Faces Layoffs, Lagging Revenue
The partnership with CryptoKitties comes as HTC is preparing to launch the Exodus, which the company is marketing as the “world’s first native blockchain phone,” during the third quarter.
“We understand the potential of digital scarcity and uniqueness. With Exodus, HTC aims to be a general blockchain asset marketplace. We are here to invite all developers to distribute their blockchain game, collectible and NFT concept through us. We believe there is a paradigm shift and the pendulum is swinging back to ownership and the value of content.” said Phil Chen, HTC’s “chief crypto officer.”
For HTC, the leap into the burgeoning cryptocurrency space could be seen as a last-ditch attempt to restore the company’s former status as a major player in the mobile device manufacturing market.
An early mover in smartphone production, HTC controlled nearly 10 percent of the market in 2011. However, crowded out by Apple, Samsung, and Google, HTC’s market share has fallen below one percent, and significant revenue decreases will force the company to lay off 1,500 workers by September.
America’s National Security Agency (NSA) has been officially asked a very complex question if they are responsible for the creation of Bitcoin.
This is a response by NSA to an unidentified individual who asked them:
“For any and all records pertaining to NSA’s involvement in Bitcoin, either as a consultant, or pertaining to the research teams involved in its creation.”
NSA relies on an exception stated in Executive Order 13526 signed by then President Obama in December 2009 and conveniently classified the matter.
No one can say for sure whether they did or didn’t create Bitcoin because we don’t know who did invent it, so it can be anyone.
SHA-256 (is a set of cryptographic hash functions used in Bitcoin) is designed by the NSA – do they have a backdoor?
SHA-2 is an open algorithm and it uses as its constants the sequential prime cube roots as a form of “nothing up my sleeve numbers”. For someone to find a weakness or backdoor in SHA would be the equivalent of the Nobel prize in cryptography. Everyone who is anyone in the cryptography community has looked at SHA-2. Not just everyone with a higher degree in mathematics, computer science, or cryptography in the last 20 years but foreign intelligence agencies and major financial institutions. Nobody has found a flaw, not even a theoretical one (a faster than brute force solution which requires so much energy/time as to have no real-world value).
To believe the NSA has broken SHA-2 would be to believe that the NSA found something the entire rest of the world combined hasn’t found for twenty years. Also, NIST still considers SHA-2 secure and prohibits the use of any other hashing algorithm (to include SHA-3 so far) in classified networks. So that would mean the NSA is keeping a flaw/exploit from NIST compromising US national security.
Roberto Escobars comment on CIAs invovlment in Bicoin:
Roberto Escobar: There is no backdoor. I never said that. Read my book. The CIA owns $10 billion worth of Bitcoin. Easy. They will sell their coins, crash the market, whenever they feel like it. American government has done this type of game many many times. People will see. They are wrong for investing in this worthless government coin by CIA. They will all lose everything. Soon.
Warren Buffett appeared on CNBC and again warned investors not to invest in Bitcoin. When asked about his current view about Bitcoin in reference to his previous statement Bitcoin being rat poison, which was a few years ago when Bitcoin was about $100, Warren answered ”rat poisoned squared”
Warren repeatedly had defamatory statements against Bitcoin and other cryptocurrencies:
In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending.
If I could buy a five-year put on every one of the cryptocurrencies, I’d be glad to do it but I would never short a dime’s worth
Why should we listen to Warren Buffet?
Known as the ”Oracle of Omaha” he is one of the most successful investors of all time
A net worth of around $84 Billion as of May 8th
He runs Berkshire Hathaway, which owns more than 60 companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen
The son of a U.S. congressman, he first bought a stock at age 11 and first filed taxes at age 13
He has committed to giving more than 99% of his fortune to charity. So far he has given nearly $32 billion
As seen above he is more than just an extraordinary man. With a lifetime experience in the old financial world. Which also explains his impact in the world of old financial assets. Which is the exact reason to ask the question?
Why shouldn’t we listen to Warren Buffet, when it comes to Cryptocurrencies?
Being born in 1930 in Omaha, Nebraska he will be 88 years old this year. Why is this a negative point in the digitalization environment? Because things but they have transcended physical form like money in the bank account is not physical money in the Bank but is in Binary (code from 1’s and 0’s).
Doesn’t invest in Cryptocurrencies because he doesn’t know enough about them
He said ”I am no genius I just stay within my circle of competence” which explains his resistance to invest in the new economy
As Bitcoin’s price remains stuck below $10,000, Wall Street players and others have turned their attention to how the price levels are causing potential financial risk for miners not breaking even if the prices continue this bear trend.
Miners receive rewards for successfully solving the complex mathematical equation that creates the next block in bitcoin blockchain. The process requires the use of high computing power, and the electricity costs for powering this equipment can be enormous.
Miners used to find it worth it when Bitcoin’s price was above $10,000 and especially when it was approaching the $20,000 high in December.
Once they solve the equation, the miner gets Bitcoin as a reward. So if the cost to create bitcoin exceeds the reward, the miner loses the incentive.
Most experts agree that the tipping point for most miners trying to profit from creating the crypto is around $8,000.
Morgan Stanley was the latest to join the topics, releasing a note on the subject to its clients on Thursday.
Morgan Stanley has attached a specific price tag at which mining may not be worth the while of the many who had once seen it as a hen that lays golden eggs.
The magic price range that observers of mining believe should remain on the radar screen is between $8,000 and $8,600. If Bitcoin’s price goes below $8,000 again and stays there, mining will likely be unprofitable for them.
In its note released by Morgan Stanley Wednesday, equity analyst Charlie Chan reportedly said:
“We estimate the break-even point for big mining pools should be US$8,600, even if we assume a very low electricity cost (US$0.03 kW/h).”
Bloomberg made similar findings. According to this report, if Bitcoin’s price drops below $8,000 again for an extended period, “there will likely be a swifter consolidation to industrial-scale mining.”
That could knock out the last guy-in-a-dorm-room operations and leave holders of the currency vulnerable to the dictates of the big miners.
Venture capitalist Bill Tai, said for Bloomberg ”Compared this year’s mining environment to last year’s.”
“It’s totally different this year than last year. The bitcoin mining industry was this mysterious dark cottage industry, and it’s about to grow up and about to have elements of institutional scalability at all levels.”
After several major social media sites including Facebook, Instagram, Twitter and Google are beginning to ban all crypto advertisements. As a result, some of the crypto groups are beginning to answer this rather action. Although the intent may be to increase the security of the average person, it’s application heavily affects all ICO projects. Google ban rather heavily negatively at that.
Global cryptocurrency groups plan to Sue Facebook, Google ban, and other social media companies following them
The Russian Association of CryptoCurrency, Block-Finish (RACIB) and industry associations in Korea and China. All are coming together in an attempt to launch a successful counterpunch in this unfortunate situation. Combined will file suit in May against Google, Twitter, Facebook and Yandex for refusing to place cryptocurrency advertising. All of this was announced by Pripachkin at the Blockchain RF-2018 congress. Refusal to place the advertising constitutes collision.
Call for a new organization?
A new organization will soon emerge to include industry associations from Korea and China in the lawsuit – the Eurasian Association of Blockbearers. RACIB, Korea Venture Business Associations, and the Chinese association will create a fund and will file the suit in a U.S. state. The Suit will be filed not only against the organizations about their shareholders. If they and managers of these companies own cryptocurrencies which they use for personal gain, the shareholders are subject to prosecution.
Facebook and Google ban follows Twitter
Twitter joined the two giants in banning cryptocurrency and ICO-related advertisements from its website.
They confirmed its new policy, which includes all ads related to cryptocurrency exchanges and wallet services with an exception afforded to publicly listed companies listed on certain major stock markets. Twitter joining the ban will not apply to cryptocurrency exchanges registered and licensed to operate by the Financial Services Agency (FSA).
Facebook added advertising related to ”binary options, initial coin offerings, or cryptocurrency.” under its policy ”prohibited financial products and services” earlier this year.
The worlds largest online advertising provider, Google, announced its ban on cryptocurrency advertising, which will come into effect this June.
Japanese luxury car dealership L’Operaio will be able to accept Bitcoin (BTC) as a payment option from customers using their crypto wallets on the Tokyo-based exchange bitFlyer, according to a press release from bitFlyer published on March 27th. The new partnership is the latest in a series of deals bitFlyer has been making throughout Japan.
It is known that bitFlyer has already integrated its cryptocurrency wallet with major electronics retailers in Japan, such as all stores at Bic Camera and a limited trial partnership for selected branches of electronic dealer Yamada Denki.
Notably, while most of the exchange’s existing retail partnerships have a limited settlement cap for each purchase, ranging from $900 to $2,760, bitFlyer says the new partnership will allow customers to make purchases as high as 100 million yen ($1 million) in bitcoin via its digital wallet. The BTC option will be first available at three stores in Tokyo, in Setagaya, Nerima, and Aoyama, but the aim is to “expand to all stores in the future.”
Eligma, AI-driven and Blockchain-based commerce platform is presenting the first of its many features. Elipay system will showcase the usage of crypto payments beyond trading and exchanges, also into the offline world.
The team behind Eligma announced that they will start testing their Elipay system in the first Bitcoin city starting this April. Their »testing lab« is BTC CITY Ljubljana, the largest commercial, trading and business center in the heart of Slovenia, Ljubljana, where they will offer transactions with cryptocurrencies in some selected offline stores.
EliPay, the platforms cryptocurrency transaction system, is set to enable the cryptocurrency transactions online and offline. In the early development and testing phase during the crowdsale campaign (token sale with hard cap of 24 million U.S. dollars starts on 17th April), EliPay will showcase its usability in BTC City. Jože Mermal, Chairman and CEO of BTC said, that the company is looking forward to the implementation of the technology.
He added: “The BTC d.d. company strives for the development and implementation of the latest technologies into its business environment. As a strategic partner of the Eligma company, we will, therefore, enable the testing of Eligma’s EliPay system in a real environment at selected business partners in BTC CITY Ljubljana. EliPay will enable the use of cryptocurrencies both online and in the physical world, creating a modern, transparent and simple shopping experience for our visitors and business partners.”
Dejan Roljič, the man behind Eligma and their system called EliPay was thrilled with the partnership:
“We are lucky in partnering with BTC d.d., a company which runs an esteemed Slovenian retail, logistics, business and entertainment center called BTC City Ljubljana, with over 60 years of tradition. Its area, which spreads over 475,000 square meters, annually attracts more than 21 million visitors. With its unique ecosystem and more than 450 stores, BTC CITY hosts more than 4,000 business partners; they are an ideal testing lab, where we plan on testing EliPay and launching the first version of Eligma by the end of 2018,” stated Dejan Roljič, founder and CEO of the start-up behind the idea.
With a first-stage roadmap and milestones spread over the next three years, the Eligma team is planning to develop a complete technological solution for resolving the drawbacks of commerce and e-commerce and simplifying the shopping experience. The start-up will be selling 300,000,000 ELI tokens with the hard cap of 24 million U.S. dollars through a public crowdsale, starting on 17 April, with the pre-sale for early project believers and contributors starting on 20 March. To learn more about the AI-driven blockchain platform that has a vision of transforming online shopping experience, visit www.eligma.io.
ELIGMA SIGNS FOUR PARTNERSHIPS ON FIRST DAY OF OPERATIONS
On their first day of official operations, Eligma has signed up Big Bang Slovenija tech store, Dulcis Caffe with 4 restaurants, the Vodno mesto Atlantis water park complex and the Modni dodatki Bijoux accessory store all located within the BTC shopping complex.
Time is quickly running out to complete the KYC procedure for the public presale which starts tomorrow, March 20th at 12:00:00 UTC.
Bitcoin is showing bearish momentum again so let us look at the next downside targets. Bitcoin looks ready for more losses as price gained downside traction after its break below a double top neckline. Applying the Fibonacci extension tool on the latest correction shows the potential price targets.
Price is currently sitting on the 38.2% extension near the $8000 level at the moment, and a break lower could take it to the 50% extension next at $6459 next. From there, the price could drop to the 61.8% extension at $5168 than the 76.4% extension at $3610 at the channel support. The full extension is located at $1063.
Reports that Google will ban cryptocurrency ads weighed heavily on bitcoin price, as well as other altcoins, starting in June. Recall that Facebook previously took similar action, banning ads on binary options, initial coin offerings and cryptocurrencies came after FBI and Securities Commission pressured them back in January leading to roughly a 12% drop in bitcoin price then.
There are also rumours that the Chinese government continues to crack down on crypto activity in the country.
The 100 SMA is above the longer-term 200 SMA on this time frame to indicate that the path of least resistance is to the upside. This suggests that bullish momentum is still present and that the longer-term uptrend could still resume.
However, the 100 SMA has been holding as dynamic resistance recently and bitcoin price has broken below the 200 SMA dynamic inflexion point to signal that it could also hold a ceiling from here.
Stochastic is indicating oversold conditions to show that sellers are tired, but the oscillator has yet to move higher to reflect a return to bullish pressure. RSI has some room to head south so bitcoin could still see some losses from here.
The controversial owner of the web portal Bitcoin.org and Bitcointalk is an anon named ‘Cobra Bitcoin’. He has been a popular subject within the cryptocurrency community lately for changing his mind about BCH. It’s strange that a person who nobody really knows has so much control within the BTC community. Lately his messages have been very controversial, even making some believe his accounts have been compromised.
Recently, Cobra started a Twitter account and Medium blog that allow him to be a lot more vocal towards specific issues within the bitcoin community. He has written many times that mining entities centralized bitcoin, explicitly talking about Jihan Wu and Bitmain. The Bitcoin.org co-owner suggests an immediate change to the PoW algorithm as a solution. Back in November of 2017, he hated bitcoin cash. He said one developer and two other men cetralized it.
Cobra appears to have switched sides entirely by supporting bitcoin cash. He now says the digital asset has a much better chance of competing against the Lightning Network (LN) strategy.
Increased my holdings of Bitcoin Cash today. There was a long need for a blockchain good for payments, that makes certain tradeoffs to achieve that, and I think from a UX point of view, Bitcoin Cash has much better chances of winning the upcoming payments war than LN.
It’s Hard to Trust a Snake many Core supporters are very sceptical of Cobra’s actions lately, as he doesn’t seem to be supporting their ideological battle as he did in the past. Some Core proponents believe that Cobra’s Twitter handle or identity, in general, has been compromised. Furthermore, bitcoin cash supporters also don’t know what to think of this anon character. He used to hate BCH but is now suddenly stocking up his BCH holdings. Whatever the case may be, Cobra has a lot of power at his fingertips. That’s why changing his mind like the weather is not a good thing for the crypto community.
For some time Bitcoin was very unattractive to use, which it seemed first it didn’t have much of an impact on its price. Bitcoin camp adapt to the change by saying this cryptocurrency was not meant to process small transactions such as buying coffee for instance. Bitcoin Cash was created as a counterbalance to that problem. They claimed that Bitcoin in current state and philosophy of its ”hodlers” are in straight contradiction to the Bitcoins whitepaper written by its creator Satoshi Nakamoto.
And not only that, one of the biggest criticism of bitcoin was that it got hijacked by blockstream. The reason for this criticism to become so spread out is that allegedly many Bitcoin developers are also working for block-stream and are in connection with the banks. Therefore they are the ones who raised the transaction fees intentionally for bitcoin to become unattractive. While shorting in and profiting from it when in a bear market and also in consequently bull market. ”What goes up, must come down” and vice versa. This is unproven and it was only highly talked about when it was a problem of high average transaction fees. This has settled while new problems arose. Such as a massive correction which came in the start of February that blew much of ”noise” away. That cleared the network.
So to answer the question. With all the noise ”being” cleared. The network isnt as congested anymore, and the mempool (transactions waiting room) is getting less and less crowded. Consequently, average transaction fees dropped from all time high of 55$ to under 5$. This greatly improves usability and thus attractiveness of the decentralized peer to peer cryptocurrency.
One thing is for sure Bitcoin has something no other blockchain, tangle or tokens have which makes it so popular. That is not just the first movers advantage, but the fact that there is no one owner who can by flick of the switch, kill the whole thing. At least not as we know it.
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