KoCurrency’s Intelligent Algorithms for Accurate Bitcoin Price Prediction

KoCurrency is the latest Bitcoin price prediction and trading signals platform that offers more accurate tips based on intelligent prediction algorithms. Standing apart from other cryptocurrency trading insights platforms, KoCurrency makes use of KoCloud — a smart crowd, machine learning technology to gather intelligence and generate insights.

The KoCloud engine accounts user inputs, including trading patterns of the community, which combined with data streams from leading cryptocurrency exchanges including historical trends, current standing, and other information will ensure a much greater accuracy in predictions. By monitoring the trading behavior of a select group, comprising of highly successful traders, KoCurrency increases the accuracy of its machine learning algorithm.

This strategy will allow KoCurrency to reduce the time required to train the platform to start generating reliable Bitcoin trade predictions. KoCloud’s Smart Crowd technology is designed to differentiate between the inputs and rank them based on reliability. The most reliable information will be considered for training the KoCloud algorithm.

“Our belief at KoCurrency is that not all inputs are created equal and therefore KoCloud and our underlying technology is designed to filter inputs based on the historical track record of the user those inputs are associated with.”

KoCurrency uses a proof based model, quite different from other conventional models out there at the moment. While other models consider indicators like the number of shares, likes, etc. to validate the reliability of any data, KoCloud’s decision making is based on solid “proof”, which can be obtained only by analyzing the users’ activity over a period of time.

The data collected by KoCurrency is made available by users voluntarily to the intelligence contracts. In return, they will receive KoCoins, the platform’s native cryptocurrency. These KoCoins can then be converted to Bitcoin, to realize its monetary value over KoCurrency Exchange.

Those who are not interested in earning KoCoins through their contributions can opt to participate in the ongoing KoCoin initial token injection. The cryptocurrency acts as access tokens, voting tools, data collection tools and as the underlying fuel to add value to the platform.

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The blockchain technology solutions industry in India has received a major boost today after the country’s leading software and services industry body, NASSCOM (National Association of Software and Services Companies) announced the creation of a Special Interest Group (SIG) for Blockchain. The Indian Blockchain SIG is a collaborative effort between NASSCOM, BlockSmiths, and Quattro — a leading global fintech service provider.

The newly formed Blockchain SIG will be working closely with different startups, companies, and entrepreneurs to create use cases for blockchain based solutions for the Indian market. According to the latest press release, the focus areas of the group will include both fintech and non-fintech products. In addition to creating distributed ledger solutions, the Blockchain Special Interest Group will also be responsible for educating the public about cryptocurrency technology and its uses.

The media release quotes the Chief Business Officer at Blocksmiths and the SIG Founding Member, Harmeet Singh Monga saying,

“We see our partnership to form a SIG with NASSCOM as a wonderful opportunity to develop the Blockchain community in India. We strongly believe that India has the potential to lead the Blockchain revolution in the South East Asian region and help businesses from various industries become highly streamlined and efficient by adopting Blockchain.”

The Blockchain SIG has already attracted some of the leading organizations like Axis Bank, Nagarro, Deloitte, Nokia, Genpact, and NITT, who were all in attendance at the recently held meeting.

The charter of NASSCOM Blockchain SIG includes blockchain advocacy, knowledge sharing/collaborating on blockchain implementation, organizing events like Blockathon and contributing to the community by socializing blockchain-based business opportunities with entrepreneurs and students.

The involvement of some of the well-known brands in the group will play a major role in fostering a still nascent technology segment within the country. Few banking institutions and corporates are already experimenting with the distributed ledger technology, but compared to other countries, the number of implementations leaves a lot to be desired. The Special Interest Group could tip the balance in favor of Indian industry players, preparing them to meet the growing global requirement for decentralized applications.

Ref: Media Release | Image: NewsBTC

So that’s another day done in our bitcoin price trading efforts and one that we’ve had some pretty good luck with. Things were a bit slow this morning and – as anyone who caught our initial coverage will already know – we were uncertain as to the likely direction of the markets given the overarching bearish momentum we saw over the weekend.

We were hoping that the decline would find a near term bottom and – as it turns out – we got exactly the opposite of what we were looking for. Price reversed shortly before midday in Europe and – after a short consolidation period – started to pick up. Almost immediately subsequent to this, however, we saw another turn to the downside and a spate of key levels haven’t managed to hold since.

The market is currently trading in and around 2050, which (as we noted this morning) is almost certainly low enough to keep general sentiment weak and to turn into a sort of self-fulfilling prophecy in terms of bringing more sellers to the fore.

Anyway, all we can do is trade what we see, so let’s get some key levels in place and try and pick up some profit from this evening’s action. As ever, take a quick look at the chart below before we get started to get an idea of what’s on and where things stand right now.

It’s a one-minute candlestick chart and it’s got our key range overlaid in blue.

 

 

As the chart shows, the range we are looking at comes in at support to the downside at 2030 and resistance to the upside at 2057. If we see a close above resistance, we’ll be in long towards an upside target of 2090. Looking short, a close below support will have us in towards a downside target of 2000 flat.

Let’s see what happens.

Charts courtesy of Trading View

It appears most Europeans are not interested in going cashless anytime soon. More specifically, the European Commission is looking to introduce cash limits. Such measures could go into effect as soon as 2018. However, the vast majority of Europeans are not interested in this concept. In fact, 95% of respondent indicates they are opposed to a cash ceiling. This also means going cashless will not happen anytime soon.

When the European Commission allowed for feedback regarding the cash ceiling, most people knew the result already. Limiting the amount of cash value Europeans can spend at any given time is never a smart decision. Restricting payments at the EU level don’t benefit anyone. It’s bad for business, bad for consumers, and only beneficial to banks. After all, they want consumers and companies to become even more reliant on their services altogether.

Cash has its Place in the European Union

Granted, only 30,000 people have effectively been consulted regarding this matter. It is not a valid representation of every person in the European Union. Then again, less than 1% of the people consulted feels cash limits and going cashless have any benefit whatsoever. This clearly indicates people have no issue with cash whatsoever. Instead, they prefer to keep it around, as it allows for a certain degree of financial freedom. Banks, on the other hand, want to curb that freedom whenever they can.

Additionally, it is evident some countries will continue to support cash for a long time to come. Both Germany and Austria are very keen on these transactions. France, on the other hand, is home to cash transaction limited already. Despite that limit, a lot of people still prefer regular money over electronic payments. EU-wide Cash restrictions make no sense whatsoever. Never fix a problem that doesn’t exist. There is plenty of opposition to this idea, yet it remains to be seen if the EU will take it into account.

Interestingly enough, these limits pose a threat to privacy and personal anonymity. That is the overwhelming reason as to why surveyed parties don’t want these limits in the first place. Using cash as a payment method is an “essential personal freedom”, according to 87% of the people. The EU, on the other hand, feels privacy and anonymity are not fundamental human rights. There is clearly a clash of opinions, but for now, cash will remain king in the EU. That is until the European Commission goes off and does its own thing regardless of what people want.

Bitcoin finds itself in an awkward position when it comes to merchant adoption. On the one hand, we have a lot of big companies showing initial support for cryptocurrency. However, the price gains over the past few years have not necessarily increased the number of merchants accepting Bitcoin. Jonathan Johnson, president of Medici Ventures, finds this situation rather strange. Top merchants should chomp at the bit to accept Bitcoin.

As we discussed in a previous article, top merchants are still very wary of Bitcoin and cryptocurrency. More specifically, fewer top merchants now accept Bitcoin compared to 2015. That is a very troubling development, even though there doesn’t appear to be a clear logic behind it. Granted, Bitcoin is volatile, but retailers are protected from that by the payment processor. If Bitcoin’s price momentum is an indicator, retailers should be queueing up to accept cryptocurrency payments.

Jonathan Johnson Wants More Retailers to Accept Bitcoin

Johnson feels Overstock has seen quite an uptick in Bitcoin transactions so far. That is a strong indicator people are willing to spend cryptocurrency. Jonathan Johnson feels this momentum can translate to any other major retailer dealing with Bitcoin payments as well. With the vast majority of retailers still on the fence, changing this situation will not be easy. This major lack of merchants also makes it more difficult to spend Bitcoin these days.

According to Jonathan Johnson, the rising Bitcoin fees have made merchants warier. Then again, those fees were mainly a result of spam attacks against the network. Right now, fees are back to normal, as they always should be when it comes to Bitcoin. Even with higher fees, the cost of accepting Bitcoin is lower than dealing with card payments. That in itself should be enough for any retailer to at least experiment with cryptocurrency payments. There is no reason to pay too much money to accept payments.

After years of accepting Bitcoin payments, Overstock still keeps 50% of every transaction in BTC. That is down from the original 90%, but it is to be expected. Jonathan Johnson feels going half-and-half is more than acceptable at this point in time. Getting more retailers on board should be the number one priority right now. It is highly unlikely the likes of Amazon or Airbnb will ever do so, though. After all, they are happy with the way things go. Then again, making it easier for people to spend money on their platform is never a bad idea either.

Everyday citizens have been slow to accept cryptocurrency as away to invest and spend their hard-earned dollars – and it’s not difficult to understand why. Earning money with most cryptocurrencies is hard – partly because of the complexity posed by industry jargon and difficult-to-use wallets and exchanges, and partly due to the volatile nature of the market itself.

While big fishes such as mining farms and cash-heavy early adopters are raking in the profits, mainstream users are often left out to dry. The reason? Many new users are vulnerable to the “pump and dump” schemes leveraged by more savvy investors, who are happy to manipulate the market in order to make a quick profit.

Those who are new to the market are usually priced out of the mining game, and without the financial leverage to gamble on ICOs, most mainstream users have little to gain from purchasing into new currencies – and plenty to lose. Without the dangling carrot of big profits in front of them, there is little incentive for newbies to buy into the cryptocurrency system; a problem which is compounded by the lack of user-friendly options for those with less advanced technical knowledge.

 

The ideal situation for new investors is one where they can dive in, and swim with the big fish – without the risk of being swallowed up. Which poses the question – how can organizations operating in the cryptocurrency space make it more accessible to everyday users, while reducing the risk of loss posed by market speculation and price volatility, driven by big players seeking to profit.

One solution is the creation and introduction of a stable-rate coin, such as that offered by CORION. With a price tied to that of the U.S. dollar, CORION has developed a gamified method of valuation, based on the Schelling strategy. Their algorithms not only eliminate the risk of price volatility, they account for a demand-based daily coin release of up to 2.5%, which is then distributed fairly among all coin-holders within the community.

To put it simply, CORION doesn’t rely on price fluctuation or instability to grow in value – instead, the value of a wallet increases as the number of users rises, and  new coins a released to satisfy the new demand. The gains are then passed on to those who are actively engaged in the platform – the coin-holders and users, themselves.

This may sound unlikely, but in order to support this vision, CORION has developed not only a new coin, but an entire financial ecosystem, designed to encourage adoption by new users. Their easy-to-use interface and wallet makes buying and accounting for this stable-rate coin as simple as traditional online banking, and streamlines use of the coin through the integration of a thriving community marketplace, in which all service providers and users can conduct their daily transactions in CORION currency.

If it sounds too good to be true – look closer. Because it has been designed from the ground up to appeal to both consumers and businesses, CORION incentivizes both sides to participate. Businesses benefit from users who seek to transact in non-traditional currency, while avoiding the risk of accepting less stable currencies, such as Bitcoin – and users benefit by accepting their portion of the daily coin release, as well as receiving bonus percentages based on the organizations they do business with.

The platform has been carefully designed and constructed to overcome the common barriers of new adopters, and ensure that all sides (consumers, investors, and service providers) gain their fair share of the profits generated by CORION’s stable-rate coin.

So far, CORION’s approach is unique in the cryptocurrency space – which makes their ICO an interesting opportunity for those seeking to get in on the ground floor.

For more detailed information on their innovative strategy for stable-coin valuation, and to gain a sneak peak at the opportunities available for users and businesses alike, take a look at their recent whitepaper – or check out their ICO, which ends at the end of this month

We’re off on another week of trading in our Bitcoin price operations and we’re starting off the session out of Europe on a pretty negative note. The price dipped throughout the weekend to some of the lowest levels we have seen in a while and the dip could be far from over right now. Why? Because news media outside of the bitcoin space picked up on the initial run and – undoubtedly – will do the same with the decline. When the Bitcoin price gets mainstream coverage the tone of the coverage will often dictate action. In other words, when the price is gaining strength and the media is reporting it, people buy. The opposite is true when the price is falling.

So, with this all noted, let’s get to our key levels for the session. As ever, take a quick look at the chart below so as to get an idea of what’s on and where things stand right now. It’s a one-minute candlestick chart and it’s got our key range overlaid in green.

As the chart shows, the range we are focusing on for the session today is defined by support to the downside at 2057 and resistance to the upside at 2098. We will initially look for a close above resistance to validate an upside entry towards a target of 2130. A stop loss on this one somewhere in the region of 2088 will serve to get us out of the trade if and when price reverses, ensuring we aren’t caught on the wrong side of a losing position.

Looking the other way, if we get a close below support, we are going to look at getting in short towards a downside target of 2010. A stop on this one somewhere in the region of 2067 looks good.

Let’s see how things play out.

Charts courtesy of Trading View

Hello and welcome to News BTC’s Market Outlook July 17.

DASH/USD

DASH fell slightly during the day on Friday, but continues to find plenty of support just below. The $160 level is acting as a bit of a floor, extending down to the $150 level. Longer-term traders are probably trying to build up larger positions right now, but more than likely we will see plenty of sideways action between now and when momentum builds up. Because of this, I believe that patience will be needed.

LTC/USD

LiteCoin managed to fall as well during the day, but the 4250 level seems to be supportive. Longer-term, I believe that the buyers will return and push this market higher, but currently I feel as if the market will probably drift a little bit lower, looking for buyers.

Thanks for watching, I’ll see you again tomorrow.

Hello and welcome to News BTC’s Market Outlook July 17.

ETH/USD

Ethereum fell on Friday, as we continue to see a general malaise in the crypto currency markets. However, I think there is a significant amount of support just below the $180 level, and we are currently consolidating between the $180 level on the bottom, and the $220 level on the top. On a break above the $220 level, I would start buying Ethereum yet again.

ETH/BTC

Ethereum fell against Bitcoin during the day, but continues to find support just above the 0.08 level. Because of this, I believe that it’s only a matter of time before the support comes back into play, but right now I do not see it happening, so I am on the sidelines when it comes to this pair.

Thanks for watching, I’ll see you again tomorrow.

 

 

The absence of adequate cheat-proof standards has plagued online casino industry since its inception. In most of the cases, these standards are intentionally given a miss in favor of online casino owners with deep pockets. They manipulate the outcomes by abusing the outcomes of the bets, leaving players with the losses they don’t deserve.

Blockchain, to some extent, can resolve the trust issue between casinos and players. The decentralized technology is currently being tested and utilized by many new-age casino platforms to remove middlemen. That being said, the outcomes of each bet is never calculated by the owner but are guessed by using the undetectable PRNG systems.

iDice.io, the world’s first open-source mobile gaming DAPP (an amalgamation of decentralized and applications), attempts to bring the same cheat-proof methods to its platform. It uses Oraclize.it to retrieve a random integer supplied by Random.org via TLSNotary. The iDice’s Ethereum-based smart contract then performs encryption on the integer provided by Random.org and the IPFS address of the TLSNotary proof to compute the game result.

This method is the safest and most reliable method for iDice to generate random numbers without 3rd party interference. What’s further interesting is the availability of the contract’s source code for peer-review, which proves iDice means to deliver a community-driven and transparent random number generation system.

iDice game code is decentralized and immutable, thanks to the nature of the Ethereum protocol. The Smart Contract layer runs entirely on the Ethereum Blockchain ensuring that the platform remains auditable, transparent and verifiable.

The response to iDice.io has been extremely positive with the platform already raking in a profit of 363 ETH at the time of writing.