There’s another way

For those who not only want to save money, but are also looking for in-depth discussions about the technology, other event formats are generally more recommendable. On the one hand there are the numerous Meetups, which are organized by startups, private persons, Co-Working-Spaces, agencies and enterprises in the big cities. There is no buffet or chic bags of giveaways.

But for that you can expect a familiar atmosphere in small groups of 20 to 50 participants, two to three lectures on a technically challenging topic and afterwards an intensive discussion. Representatives of the parliamentary group “Lambo” are to be found here clearly more rarely, the level tends to be higher.

The right questions can be found at Bitcoin revolution conferences

Corresponding to this, more and more industry-specific specialist events are emerging. These include, for example, blockchain in the logistics sector or Bitcoin revolution in the energy sector: The positive aspect of these industry events is the factual and critical classification of industry specialists. They have known the challenges and opportunities of their sector for many years. Even if not every participant is a blockchain specialist here, the questions that arise about meaningful blockchain integration in the relevant sector are enormously valuable. The result is a realism that is often completely absent from ICO conferences.

Universities are catching up with the Bitcoin loophole

Universities are also increasingly pushing their way onto the Bitcoin loophole parquet and organising corresponding specialist Bitcoin loophole conferences. Although these are not particularly glamorous, they are much more objective and differentiated than the pompous blockchain conferences in large hotel chains. Blockchain technology must also face up to the qualitative and quantitative methods of science if it is to be recognised by politicians and companies.

In Germany, the University of Kassel, the HTW Berlin, the Mittweida University of Applied Sciences and the Frankfurt School of Finance have excelled in this respect. In addition to research projects and teaching, these universities regularly offer blockchain events, which are also open to the public and can be found in the BTC-ECHO event calendar.

Altcoin market analysis – Bitcoin Cash and EOS continue to bleed, remainder comparatively stable

Total market capitalisation remained around USD 130 billion. While the majority of crypto currencies in the top 10 remained relatively stable, the prices of Bitcoin Cash and EOS fell by more than ten per cent. In addition, Bitcoin SV is now another Bitcoin hard fork in the top 10.

The price development of the ten crypto currencies with the highest market capitalisation, which is stated in billions of US dollars, is shown.

Is this cryptosoft? It will be seen

I believe that cryptosoft will end, as you know, only after a rise above the moving average of the last 20 weeks according to onlinebetrug. And the Bitcoin price needs to rise to around USD 6,300. Nevertheless: At least there’s some peace in the top 10 – apart from the Bitcoin Cash and EOS courses that plunge into the depths. We also have Bitcoin SV, another Hard Fork Bitcoin in the top places. Since the history of Bitcoin SV is still quite young, we won’t give a forecast for this asset yet.

Market capitalization has remained more or less constant at $129 billion.

The price forecasts are somewhat benevolent: Daring ones can venture long positions with crypto currencies with a rather bullish price assessment, where the support can be considered as a stop loss and the resistance as the first target. For those with a neutral assessment, you should wait for a rise above the resistance or a fall below the support before opening a long or short position.

Best crypto trader price performance: Cardano (ADA)

The Cardano rate is trying to defy the sideways movement, which all crypto trader currencies with the exception of Bitcoin Cash and EOS have joined, by increasing by seven per cent. As you can see from the chart above, this does not hide the fact that Cardano is currently only moving sideways after the price slump that has been continuing since mid-November.

The negative, but currently rising MACD and the RSI rising out of the oversold lead to a rather bullish impression, which is also confirmed by the current Aroon indicator. Cautiously one could think about a long position. A Fibonacci retracement is used to define the support and resistance levels and thus the stop loss and the targets, in which the previous minimum level is regarded as the 23.6% Fibonacci retracement level with regard to the development since mid-November. On this basis, the resistances at 0.05 US dollars and 0.07 US dollars could be used for a long position as targets. As a stop loss, the support at 0.03 US dollars offers itself. If the price falls below this level, you can try a short position with a target of 0.02 US dollars and a stop loss of 0.04 US dollars.

Worst price performance: EOS

That hurts: after the bloodbath of the last few weeks, EOS has still not been able to catch up and lost a full 15 per cent this week. The share price has thus reached a new low for the year and stands at the price levels that the EOS share price last reached at the end of November 2017.

The Aroon indicator leads to a rather bearish assessment, a picture confirmed by the constantly low RSI and the still falling negative MACD. A short position is therefore the obvious choice. Daring investors can open this position immediately and target 1.99 US dollars and 1.13 US dollars as targets with a tight stop loss, for example at the resistance which is at 3.87 US dollars. A real long position is only available when the resistance is reached at 4.74 US dollars. The stop loss would be 3.87 US dollars and the first target 6.53 US dollars.

Stability of the Top 10
Stellar was able to assert itself against EOS and Bitcoin Cash, now only two percent separate the market capitalizations of Bitcoin Cash and Stellar. The situation between Litecoin and Tether is similarly tight. Should Litecoin’s market capitalization fall by four percent, Tether would take seventh place in the Top 10. After all, there is a battle raging on the last places of the Top 10. While Cardano and Monero are nine percent behind, Tron and Monero are almost on a par. Only one percent separates their market capitalizations from each other.

How the Blockchain can help you find accommodation

I’ve been looking for an apartment in Berlin for almost a month – without success so far. On the relevant real estate portals one usually comes across the same real estate agents or housing associations. Then it occurred to me that one or the other blockchain solution might be helpful.

These locks are connected to the Bitcoin loophole

The broker’s Bitcoin loophole function is usually limited to unlocking the apartment door and distributing forms for tenant self-disclosure. However, even this has become too much for some estate agents. The demand on the Berlin housing market has risen so strongly that keys for viewing apartments can be collected by deposit from the agent’s office. So the broker can remain sitting comfortably in its office, while the potential tenants look at the dwelling alone. Read more about it:

It is not possible to reserve the keys, which means that you drive to the office of the housing agency on your own good luck, then from there to the rented apartment and then back to the agency to return the keys and get your deposit back.

In short: It takes good nerves and a lot of time if you “only” have an average monthly income and want to avoid living in the periphery or the unattractive high-rise housing estates.

Why the news spy can help you find an apartment

In this context I had to think of the Blockchain-Startup at my apartment odyssey. Among other things, the the news spy startup is working on developing intelligent locks that are controlled via Smart Contracts like this:

The project primarily addresses the Sharing Economy (e.g. AirBnb), so that everything that can be closed can also be rented out or passed on to others for use – without an agent or landlord having to be on site with the keys.

Although the classic apartment search is not a variant of the Sharing Economy, the principle that a lock must be unlocked is the same. It would also not be necessary to replace the whole lock, as an attachment would be sufficient to serve as an interface for the digital lock (so it would still be possible to use conventional physical keys).

Through electronic data exchange, a digital signature could then be sent to the prospective tenant – securely and transparently via the Ethereum block chain to prevent misuse.

Of course, a registration or verification of the prospective tenant would have to be made beforehand in order to record the digital ID.

Trade with Bitcoins in Germany may still be free of permits

In its comments, the Bundesverband Bitcoin concludes that trading Bitcoins in Germany may not require a licence from the BaFin. The requirement of such a licence has so far been regarded as the biggest hurdle for e.g. the operation of a Bitcoin “ATM”.

Are Bitcoins units of the news spy account?

Sponsored Posts are paid items for the content of which the advertising companies are solely responsible. BTC-Echo is not responsible for the promised services or investment recommendations.
In contrast to BaFin’s information on financial instruments, Bitcoins may not be units of the news spy account equivalent to foreign exchange. This is the conclusion reached by Lutz Auffenberg, lawyer and specialist lawyer for banking and capital market law, in the leading administrative law journal NVwZ, following his experience with the news spy and Bitcoins on a day-to-day basis. Auffenberg takes a critical look at current administrative practice.

What are units of the Bitcoin secret?

A characteristic feature of the Bitcoin secret is that it is used to define the value of a receivable, but the receivable itself cannot be settled in it. For example, a claim may be based on special drawing rights of the International Monetary Fund. However, according to onlinebetrug a payment will be made in euro or another national currency in order to settle these claims.

The situation is quite different in the day-to-day application of Bitcoins: receivables are usually valued in national currency, but settled by direct payment of Bitcoins. It can therefore be said that national currencies temporarily serve as units of account for payment transactions on the basis of Bitcoins. If, however, Bitcoins are dependent on a unit of account in order to be used in payment transactions, it is impossible for them to represent units of account themselves.

What does the legislator say?
In his article “Bitcoins as units of account”, lawyer Lutz Auffenberg of the Winheller law firm in Frankfurt am Main emphatically questions the classification of Bitcoins as units of account. The German legislator did not define the concept of units of account itself. At the same time, however, various units of account are mentioned by law – such as the IMF’s special drawing rights, the ECU as a precursor to the euro and the historical gold franc.

The examples mentioned now have “in common that their value can be converted into national currency at any time”. Bitcoins, on the other hand, “have no generally accepted current value”. Rather, the market value of Bitcoins when settling claims between the contracting parties is determined individually or on the basis of the time value on one or more marketplaces (Bitcoin exchanges). “The decentralised Bitcoin system does not provide for a (…) reference value.

When introducing the units of account into the German Banking Act, legislators could not have thought of virtual currencies such as Bitcoins, as these were not in circulation before 2009. On the other hand, he was probably concerned with “making foreign exchange trading accessible to supervision by the regulatory authorities”. In this context, trading in units of account, namely ECU, should also be supervised. But then “only those items can be subsumed under the term unit of account (…) which are comparable with foreign exchange”.

Currencies, on the other hand, are foreign means of payment with the exception of cash. In other words, foreign exchange is always backed by an issuing central bank. This is not the case with Bitcoins – another important counterargument. Units of account in the sense of the legislator serve no other purpose than the determination of the value of a claim or “the creation of a common denominator” “for the calculation of sums of money”. They must be “comparable with foreign exchange” in the sense of the legislator. As they are not, below the line, Bitcoins may not be classified as financial instruments within the meaning of Section 1 XI 2 No. 7 of the German Banking Act (KWG) in accordance with applicable law in the opinion of Lutz Auffenberg.

Ethereum founder Vitalik Buterin boycotts Coindesk conference

Vitalik Buterin calls for a boycott of the upcoming Coindesk Consensus 2018 conference. According to the Ethereum co-founder, the platform supports Scams. He also questioned the quality of their reporting.

The English-language platform Coindesk is a contact point for many crypto enthusiasts in the English-speaking world when it comes to news about Blockchain and Bitcoin. Vitalik Buterin, co-founder of Ethereum, has now taken a firm stand against Coindesk in a series of tweets. His main criticism was of the “terrible coverage” of EIP 999 and its strongly commercialized orientation and support for scams. Here is the translation of the tweets:

Bitcoin revolution is ruthlessly complicit in supporting giveaway scams

Check out the latest article about Bitcoin revolution on onlinebetrug, where they link directly to a giveaway scam. Their coverage of EIP 999 was terrible. They wrote a lurid article claiming that the chain would split when it was clear that EIP 999 was *very far* from being accepted […]. When @peter_szilagyi complained that his comment did not appear, although the author had asked him for his opinion, the author’s answer was that the article had already been published when they got the Bitcoin revolution. Seriously, is speed so much more important to you than accuracy?

Their reporting guidelines are designed to fool you with Gotchas [a kind of programming trap]. Did you know that if you send them an answer and explicitly say that parts of the message are confidential, they still aren’t treated that way? (Unless you get involved in a game of requests and approvals). And by the way, the conference costs $2,000-3,000. Personally, I refuse to support this.

Charles Hoskinson of Cardano joins Bitcoin loophole boycott

Shortly afterwards Charles Hoskinson of Cardano also announced his boycott of Bitcoin loophole: “Welcome to the boycott. I won’t appear either.” When asked by another Twitter user why he didn’t use the opportunity at the conference to confront Coindesk, he joined Vitalik Buterin’s last tweet: “Because it would legitimize a $3,000 ticket event that claims to be the most important conference ever. To be honest, I think the conference model has completely expired. Meetups and YouTube are much more effective.” Read more about it:

Buterin didn’t fully agree with Hoskinson. He was concerned that conferences would be useful in bringing people from around the world together on the same theme. Smaller academic conferences also make sense. In addition to Buterin and Hoskinson, OmiseGo also announced its boycott of the conference.

Crypto-Mining: Nvidia remains sitting on its hardware

Good times for all buyers of graphics cards, bad times for manufacturers: Prices for graphics cards are falling, demand is in the basement. One of the leading original equipment manufacturers from Taiwan returned 300,000 chips to Nvidia. These could not be obstructed due to the slump in sales. Apparently Nvidia has overestimated the demand from gamers as well as people who use GPUs for crypto mining. In recent years, management has been able to rely on constantly rising prices

But the Bitcoin secret is now history

At Computex in early June, the CEO of Nvidia announced to the astonished audience that the company would not be producing new Bitcoin secret graphics cards “for a long time”. The latest graphics cards, the GeForce 10 series, came onto the market about two years ago. The announcement by Jen-Hsun Huang came as a surprise. But according to a scam report about the Bitcoin secret by the technology portal SemiAccurate, Nvidia is currently sitting on its hardware. Before new series can be produced, the old hardware must first be sold and thus turned into money.

Apparently, both the gaming and the crypto market have been rated too positive for the current year. According to SemiAccurate, Nvidia’s management recently agreed to take back 300,000 chips from one of Taiwan’s three leading hardware manufacturers. According to industry observers, this move is very remarkable because the company does not normally take into account the manufacturers of its components. If the company had agreed to take back so many new chips, it would speak its own language.

Difficult times for cryptosoft: 300,000 chips stored, lecture cancelled

In addition, Nvidia has once again removed a submitted presentation by onlinebetrug about cryptosoft about its upcoming graphics card generation from its program. The trade fair “Hot Chips 30” will therefore have to get along without an announcement of the company. The reason for the drop in sales is probably also the cryptosoft hardware specialized in mining, which makes graphics cards a big competitor. Meanwhile one hopes that the demand could possibly increase again in the late summer of this year, when the fair “Asian Games 2018” takes place. Whether Nvidia will then be ready again for new announcements will depend first and foremost on the sales revenues that have been achieved in the meantime. One thing is certain: the time for a new GPU series would be more than ripe after two years. The competition is not asleep.

It is highly probable that in the future they will again focus more on the needs of game fans. Also because the turnover trees in mining have not been growing into the sky for a long time. In addition, it is becoming increasingly difficult to prevail against the more effective hardware from Bitmain and other manufacturers that specializes in mining. According to Nvidia’s own figures, in the first quarter of this year the share of sales for the cryptographic market was almost 10 percent, or 289 million US dollars in three months. At a press conference, the company’s managers estimated that the share would decrease dramatically in the second quarter. It remains difficult to make money in this sector.

BIK wants to manage customer data with blockchain software BIK wants to manage customer data with blockchain software

The Polish credit bureau BIK wants to be the first in the world to manage its customers’ bank data using a blockchain. The largest financial institution in Eastern Europe, which is supported by the banks operating in the country, has obtained help from the British start-up Billion for this purpose. This was announced by the organisation in a press release this Monday. In future, the data of up to 24 million customers will be transparently backed up and deleted. The latter provides for an EU regulation to be implemented this month.

One million companies, 24 million customers, 140 million creditworthiness data – the figures alone suggest how ambitious the step that the Polish credit bureau BIK is taking this week is. Together with the British start-up Billion, Eastern Europe’s largest financial institution wants to use a blockchain solution to manage all of its members’ customer data. The technology will be used to transparently collect, secure and delete the data of almost all banks active in Poland.

This is what the corresponding press release says

“Billion’s blockchain technology will support BIK’s work with maximum security, integrity and immutability of the data. The solution guarantees absolute visibility, traceability and full data integrity for all customer-related documents.”

In addition to the usual bank data, these also included credit agreements, insurance claims and telephone bills. If it goes after the conceptions of the BIK, should not be however here conclusion. Rather the Blockchain data system promotes a “true revolution”, according to the press release.

“We believe that blockchain technology will transform how the financial sector communicates sensitive data with its customers. Our solution will soon be extended to electronic data transmission with automatic confirmation and signing of online agreements”,

BIK President Mariusz Cholewa describes his institute’s future plans

EU regulation prescribes “right to forget
As stated in the press release, particular attention will be paid to ensuring that the initiative is also legally sound. The project is to be coordinated with the EU General Data Protection Regulation, which will start this year. This provides possibilities for customers to control their own data. This includes, among other things, the “right to forget” – i.e. the deletion of data.

As early as 2017, the EU’s innovation fund had provided trillions of euros worth of two million, thus setting the pilot for the BIK blockchain in motion.

Poland, on the other hand, is currently in a difficult relationship with Brussels. This recently reached its lowest point with the introduction of Article 7 in the rule of law procedure. In the course of this process, EU funding, among other things, had recently been suspended.

The banking union BIK, in which PKO Bank Polski and the Polish subsidiaries of ING, BNP Paribas and Citigroup are involved, seems to want to avoid future confrontation by fulfilling the EU requirements.

While BIK and Billion insist on being the first in the world to launch a corresponding blockchain solution for customer data in banking, the Dutch Ministry of Economic Affairs is currently testing a similar approach. Part of the “Blockchain Research Agenda” launched last week, for example, is to be technology-based data management. As with the BIK project, this should grant the “right to forget” as required by the EU regulation.