- Bitcoin Course Challenge Week 7!
- European Commission: Blockchain in the Education Sector!
- TelexAI the clever Cryptocurrency App?
- South Korean ATM Manufacturer supports Bitcoin!
- Digital Identity: Canada plans Blockchain Solution!
- Bitcoin Course Analysis for Week 46/2017!
🏆BITCOIN COURSE CHALLENGE Week 7🏆
The RULES are simple, write the Bitcoin Price USD for the next Sunday 13:00 UTC time and your Bitshares or OpenLedger account name ( like this $ 4,459.44 danyelk1 ) in the comment section of this post. I will accept your answers till Friday 13:00 UTC time.
The one who has the right Bitcoin price or has the closest guess will be the WINNER.
The WINNER will be announced next Sunday.
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Have fun and show us your Bitcoin forecast skills
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you are the WINNER of the BITCOIN COURSE CHALLENGE Week 6!!!
The European Commission, the government of the European Union, has presented a detailed report on applications and examples of blockchain technology in the education sector. Among other things, certification and digital identities emerge there.
Those responsible in the European Union are discovering more and more the potential of blockchain technology - even beyond the use of cryprocurrencies. This emerges from an extensive report by the European Commission, the JRS Science For Policy Report, which deals with the topic Blockchain in Education. It aims to highlight the potential that the blockchain brings to educational applications.
In particular, it will be examined how blockchain can be used profitably in European schools and universities. The report also takes stock of the state of affairs in the Union and its Member States, addressing European officials who are able and willing to make decisions in the field of digitization and blockchain.
The application of blockchain in European education focuses on booking services and issuing certificates using blockchain technology. Here, the advantages and disadvantages of the previous manual or digital certification are carefully considered and how blockchain technology can optimize these processes. Key words for an implementation are security, efficiency and transparency.
The report also mentions various use cases from other parts of the world, which have already been covered at this point. For example, the certification of degrees and services provided via the blockchain is mentioned as an example of use, which is being carried out both in Malta and by the renowned Massachusetts Institute of Technology (MIT) in the USA. Likewise, the Cypriot University of Nicosia is highlighted, which presented itself very early as a pioneer of blockchain implementation.
Nevertheless, the report states that the blockchain is a technology that is still in its infancy and that one can not expect too much from a timely implementation in the Europe-wide education sector.
There is hope for all new entrants in terms of Bitcoin & Co. With TelexAI is currently creating a software that should make trading with cryptocurrencies easier.
Let's be honest: until you actually have Bitcoin in your (digital) hand, you have to overcome some hurdles, especially as a newbie. The whole process still has something pretty nerdy about it. Create wallet, find the right bank and the right e-mail provider and then the right crypto exchange. If you finally found them, you still have to identify everywhere by video chat & Co. If you do not feel like offline trading (for understandable reasons), it's not even as easy as it should be. Many leave their 50 bucks in the next bar before they fight through the whole process.
In short, user experience is not always a top priority in this field. While SecureKey in Canada is now working on identification issues as described in an article below, Telex AI wants to take care of the other side.
TelexAI: Good idea, not quite mature now
TelexAI works as an artificially intelligent chatbot on the messaging app telegram. While she's supposed to give tips on investing and trading, it works as a wallet at the same time. One talks to the bot and this then assisted in his project. Using simple commands such as / buy (amount) BTC or / trade (amount) ETH you should then be able to buy or trade the respective crypto currencies. In the previous prototype, however, it is still the case that you have your own wallet.
The announced features are promising, but the software is not mature yet. In the test, the bot has not given me any answers yet. When I tried to test the system, I was warned of possible system crashes.
The program is still in development - the combination of artificial intelligence and cryptocurrency or blockchain seems nonetheless obvious. In September, Hanson Robotics created a cloud-based infrastructure for robot intelligence. Also, there are already appropriate apps for automated trading. The idea of connecting Wallet and Messenger is not brand new. Already in April the development of an Ethereum Messenger with wallet function was announced.
Disclaimer:
The information presented in this post is not a recommendation for purchase or sale. It is only an opinion of me the author. They serve merely to describe the project and are not to be understood as an investment analysis.
Buying Bitcoin will be easier as more and more ATMs also offer cryptocurrency transactions. Now ATM manufacturer Hyosung announced that its machines will support Bitcoin. Soon, customers can receive Bitcoin at the company's ATM by pressing a button.
Hyosung announced that Bitcoin transactions will soon be possible on their Just Cash machines. Once this feature is enabled, Bitcoin services will work much like normal money transfers and transactions. If necessary, Bitcoin will be transferred to the user's wallet using a QR scan. Bitcoin will initially be the first cryptocurrency offered, but other digital currencies may follow.
Image source hyosungamericas.com
Hyosung is one of the largest companies in South Korea. The company employs more than 25,000 people and generates $ 17 billion in 2015. The production of ATMs is only a small part of what the company has to offer. Also components and chemicals are produced by the company. In South Korea, however, it is mainly known by its ATMs.
First South Korea, then the world ...
It is no secret that Bitcoin is popular in Asia, but Hyosung does not want to offer bitcoin services only in South Korea. Also in the United States is a large number of their machines.
The installation of the program should be simple and require no hardware. The company promises new customers to the operators of the machines. The Bitcoin services will be installed through a software update and will therefore be fast. Eventually there will also be the opportunity to exchange cryptocurrencies for cash. The ATM manufacturer, however, has not yet commented.
Bitcoin as a service
It is also unclear what the commission and the exchange rate will be when buying the cryptocurrency. Usually buying bitcoins at such machines is more expensive than buying from a stock exchange. Nevertheless, Bitcoin ATMs also offer advantages. For example, no registration, which must be carried out on many stock exchanges, is necessary. In addition, many find the purchase easier at the vending machines than at crypto exchanges.
Soon, Canadians will be able to verify their digital identity using blockchain technology. The security company Soon, Canadians will be able to verify their digital identity using blockchain technology. The security company SecureKey develops together with IBM software.
Whether driver's license, ID card or bank information - everything should be confirmed by the use of apps in the future. In the first half of next year, Canadians will be able to sign up online for the new digital identity system, the press release said. With the program, one can then prove his identity to banks, telephone providers and governments with an app. a software for that.
The technology should also make it easier for users to control their personal data. You can use the blockchain to privately share your data without having to go through a public registry. This avoids having to create publicly accessible or databases which can be hacked - the trend is towards decentralization.
Marie Wieck, Chief Executive Officer IBM Blockchain says:
The system promises success and attracts large investors. Canada's six largest financial institutions, including Toronto-Dominion Bank and the Royal Bank of Canada, have invested a total of 30 million Canadian dollars (approximately 20 million euros) in the project. The three largest telecommunications companies have also been involved in the project.
Digital identity on the smartphone
This is how the whole thing works: A user signs up for a loan online at an institute. Then you have to verify the customer. His identity, creditworthiness, income, etc. A usually rather tedious process. With the new system, the institute should send a request to the user's phone.
If this request is then confirmed, the provider gets all the information bundled and can then grant the credit (or not). The identity of the person is thus confirmed in the digital domain entirely without an intermediary via smartphone and app - the person holding the device in the hand must finally attest only by swiping that the digital identity belongs to his offline self.
However, Canada is not only concerned with identity issues with blockchain technology. It was only in September that Canada opted for a regulated ICO status. Furthermore, it was announced earlier this month to support the legal cannabis distribution with the blockchain technology.
After a dip to 4,812.19 EUR (5,674.29 USD), the price rose again and reached an all-time high of 6,773.98 EUR (7,987.54 USD) this week fell then a bit again and is currently at 6,605.18 EUR (7,772.04 USD).
Image based on data from coinbase.com
Summary
- The Bitcoin price has gone up during the week.
- The rise after plummeting to 4,812.19 EUR (5,674.29 USD) pushed Bitcoin to a new all-time high of 6,773.98 EUR (7,987.54 USD), since then the price is in a slight consolidation and currently stands at 6,605.18 EUR (7,772.04 USD).
- Most important short-term resistance is 6,773.98 EUR (7,987.54 USD). Most important short-term support is 6.040,00 EUR (7,122.07 USD).
The back and forth Mempool, transaction fees - Bitcoin has caught up again. For a short time, the price fell below 5,000 euros (about 5,900 US dollars), but recovered again. This may come from continued interest from various institutional investors or the atomic swap with Litecoin. The latter is not only interesting in terms of the bridge between different blockchains; a successful Atomic Swap hopes for a soon-to-run Lightning Network and thus an end to the transaction traffic jams at Bitcoin.
Anyway, a new rally could drive the course up to a new all-time high. Since then, with consolidation, the price has fallen again, breaking off the uptrend that started on November 15, but even a conservative dips-based bull trend earlier this week would still hold prices in excess of 6,000 EUR ($ 7,100 USD).
The MACD (second panel), in the consolidation phase, is close to zero or slightly negative. The MACD line (blue) is slightly below the signal (orange).
The RSI (third panel) stands at 49 and is thus neutral.
The analysis of the movements in the 60 mins. chart speak a neutral language. Most important support is described by the conservative assessment of the uptrend and is at 6,040.00 EUR (7,122.07 USD). The most important resistance is described by the new all-time high and stands at 6,773.98 EUR (7,987.54 USD).
The long term course development
Is the rally over and we can prepare for a new crash? To clarify this, let's look at the mid and long-term price developments and look first at the 240 mins. chart:
Image based on data from coinbase.com
With the dip on November 12th, along with the minima on October 18 and 25, a new uptrend began to emerge on which the rally rebounded and overtook the exponential moving averages over a week or two. These have completed a golden cross (the exponential moving average over a week has overtaken the two weeks), which speaks for a stable uptrend.
The MACD is positive, but the MACD line is below the signal. The RSI is 59 and bullish. In the medium term, the situation is also bullish. The most important support is defined by support from the upward channel, which currently stands at 5,238.61 EUR (6,177.11 USD). The most important resistance is also defined here by the all-time high at 6,773.98 EUR (7,987.54 USD).
Let's take a look at the 1D chart:
Image based on data from coinbase.com
The upward channel discussed in the last week is shown in pale blue. We see that with the last two rallies the course left it behind. Instead of this rise, an even steeper uptrend was formed. The MACD is positive, and recently the MACD line has risen above the signal again. The RSI stands at 64 and is thus bullish.
Overall, the long-term outlook is bullish from a technical perspective. The most important support is described by the former resistance of the old upward channel and stands at 5,754.22 EUR (6,785.09 USD). The most important resistance is also described here by the all-time high at 6,773.98 EUR (7,987.54 USD).
Disclaimer:
The course analysis is from the morning MUT time zone and can have changed since. The price estimates presented in this post are not a recommendation to buy or sell. They are merely an estimate of me.
I wish you all a lovely Sunday and a great start in the new week!!!
ⓁⓄⓥⒺ & ⓁⒾⒼⒽⓉ
Best regards
