UTRUST’s ICO Set to Begin Next Month

UTRUST, the world’s first bitcoin and cryptocurrency payment platform with user protections, has raised more than $1.5 million in its pre-ICO campaign. The company is now looking forward to the next round of its crowdsale campaign, the public ICO round which starts later next month (October 2017).

The pre-ICO held on August 28, 2017, was sold out only in 90 minutes. With a high demand of UTRUST tokens, major slowdowns faced by infrastructure and overwhelmed support channels, the majority of $1.5 million CAP was reached in the first half. The company has scaled up its infrastructure and support staff for its upcoming ICO this month.

In the pre-sale, more than 1100 backers and 3000 additionally registered people couldn’t buy the tokens. The platform has gained positive feedback to execute the plan to take cryptocurrency mainstream and keep developing payment platforms in future. The funds raised in the pre-sale have helped the company schedule its technical development, marketing activities and strategic partnerships. The ICO is aimed at a CAP of $4 million.

The Features of UTRUST Platform

UTRUST is the company developing a global PayPal-like payments platform having extensive cryptocurrency support. The platform intends to provide all the advantages of secure, fast, cost-effective and convenient cryptocurrency transactions.

UTRUST ICO and Tokens

The first round of the ICO is starting on September 20, while the 7 upcoming ICO rounds will be eyeing to raise around $50 million for UTRUST. The funds will be used to establish major partnerships and build the world’s first Palpal-like cryptocurrency payment platform. The ERC 20 tokens are made over Ethereum protocol.

Users can use the tokens for making zero-fee payment to hundreds and thousands of merchants accepting cryptocurrencies via UTRUST. They can also trade these tokens with other currencies on supported exchanges.

The company will reserve some of its proceedings to buyback and discard the tokens that are in circulation. Being a deflationary currency in terms of design, the UTRUST tokens’ demand will rise with time, while experts say that buyback may result in the market value appreciation of the tokens.

To know more about UTRUST platform and participate in its upcoming ICO, please visit https://utrust.io/ico

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Ties.Network is a blockchain-based social platform that connects prospective business projects and reputable professionals such as developers, marketers, advisors and other relevant people in the ecosystem. It is a decentralized business tool that can be used to recruit partners, employees, and volunteers. You can also sell products and services, enter joint deals based on smart contracts, finance projects among other possible uses.

To gain traction for their proposed solution Ties.Network, they have also now launched their ‘Testnet’ to demonstrate the viability of the concept.

There is also a Yellow paper,  (detailed technical description of the concept) to explain in more detail about the initiative. This explains the technical parameters of the project. The aim is to demonstrate that the concept is viable and will work. The goal behind this is to dig deeper than would be possible simply by deciding to work with someone merely based on viewing their Linkedin profile for example.

We are definitely reaching the point where everyone has enough of an online presence that you can begin to assess if they are who they say they are. Whereas previous people may have had an online and offline persona, we are now moving towards the point where this is no longer the case, and your digital identity is your business facing profile. This is not to say that people will attempt to manipulate and distort possibly previous shady dealings. However this is an area in which blockchain has the potential to shine, both in general, and specifically here in the case of people looking to build cryptocurrency partnerships. We are reaching a point where blockchain is maturing as a technology, and a potential solution to various business cases. In this context the Ties.Network could well be an early mover, and they are certainly hoping to gain traction on their platform, because, as with all platform based successes (Uber, Google, Netflix, Amazon) this will breed even more usage for their idea. If it works Ties.Network will be the go-to platform for secure and trusted deal making.

For those looking to get under the hood in terms of how they plan to achieve this safe harbour for validated digital identities, they explained how they plan to do this. It will be a business platform, running off an integrated public nosql database, called Ties.DB. You will then use this to search for relevant and appropriate professionals that you wish to collaborate with on business ventures. The site will also offer the ability to create and lodge smart business contracts, that cannot be tampered with by either side, due to the fact it will be running on the Ethereum blockchain based foundation. The search option will allow you to filter based on relevant criteria, and potential partners will have a rating level too. Much like Amazon buyers and sellers, and Uber drivers and passengers, there will be a clear incentive to rise to the top of your field. Especially as past transactions, contracts and agreements will all be written into the blockchain, immutable and unchangeable.  Smart contracts will also be an off the peg service offered to ideally promote fast and secure contracts once business deals have been arranged, rather than waiting weeks or months for lawyers to agree on everything. To complement this there is also the option to create project pages, to communicate clearly the current status of any project you are working on (for better or worse perhaps?).

Use the search and rating options


This gives you the ability to search through professionals on the platform, looking for genuine, verified experts in relevant fields to your needs. On the Ties.Network platform business experts rating is evaluated based on actual transactions and deals that have already taken place and are written into the blockchain. This will make it harder to claim expertise where there is actually none documented.

How to create a smart contract and pay someone



This video demonstrates how you can communicate with prospective partners and broker a deal. The Ties.Network will make it possible to securely link with industry leaders, and, when needed, make deals using the smart contracts option. In this video, you can see an example with an ETH (ether) payment taking place.

Add a project page to explain what you are working on

You can use the platform to find new team members and to explain what you are working on. Creating a project page for your idea will help you to communicate how the project is progressing. You can also create a project wallet to pay team members too. Your project page will also enable experts to evaluate your project and to include relevant publications including white papers, Github code snippets and other proofs of concept and value. Investors will then also use this as a way to gauge how early stage or not the project is, and if it is something they want to invest in.

Ties.DB hopes to leverage the rising tide of more Ethereum based blockchain products coming onto the market. The aim is that Ties.DB will allow decentralized applications to store data in a quickly searchable way. be a logical and complementary asset that works hand in hand with Ties.Network as both grow. Ties.Network is a decentralized application, which will be the first to use the advantages of the Ties.DB, with the aim of then allowing the entire market to benefit from these advantages in the future. They have produced a roadmap which aims to illustrate where they aim to be over the next 12 months and Ties.Network will be doing the first round of their Token Generation Event on September 21st, 2017. It will be interesting to see how that stage goes, and how the project continues to develop over the coming quarters too.


SO that is another day of trading complete in our bitcoin price trading efforts and – once again – we’ve got plenty to discuss heading into the US session this evening. Price didn’t have a great overnight session last night and – in this morning’s coverage – we noted that the current action was a corrective response to the run that dominated the last few months. Basically, markets were looking for an excuse to sell and recent situation out of China given them exactly such an excuse. Compounds this with the latest comments from Jamie Dimon of J.P. Morgan and things get even worse.

Again, however, as we set this morning, this is no time to panic. When price falls like this it really is an opportunity to jump into the market at a discount to previous highs and you only need to take a look at action over the last few years to recognize this fact. Every time price dipped, it is done so to between 5% and 10% on the smaller dips and a maximum of 40% before recovering. We are now close to 30% off ties this time, so we’ll do a turnaround or, at least, we shouldn’t see too much by way of further depreciation.

So what are we looking at for the session tonight? Take a quick look at the chart below to get an idea of the levels in focus.

Right now, we are looking at support to the downside around 3470 and resistance to the upside at 3540. If we see price close above resistance, we will jump in towards 3580. A stop loss at 3525 works well to define risk on the position. Commute away, and the more realistic of the two trades, if we see price close below support, we will jump in short towards a downside target of 3430.

Charts courtesy of Trading View

Russian government officials remain pretty divided when it comes to Bitcoin and cryptocurrency. Several individuals continue to oppose this trend, whereas others want to give it legal recognition. Mikhail Abyzov, the Minister of Open Government of Russia, confirms cryptocurrencies can’t be ignored any longer. In fact, he wants official recognition for Bitcoin as a financial tool. All of this needs to be achieved without effectively destroying the technology itself.

This opinion by Abyzov will not be all that popular among Russian government officials. After all, there are still a few parties who feel cryptocurrencies need to be banned. It is unfortunate some people remain short sighted in this era of financial innovation. Then again, granting cryptocurrency legal recognition is not an easy feat. Even with the support of several government officials, it may never happen in Russia. The country is very divided on the cryptocurrency front with conflicting reports making headlines every other day.

Minister Abyzov is Pro Bitcoin and Blockchain

In an interview with RIA, Abyzov stated how cryptocurrency can’t be ignored. It seems the Russian Minister is quite charmed by the technology Bitcoin brings to the table. Whether or not we will see a regulatory decision regarding cryptocurrencies in Russia, remains unknown. Abyzov stated how this can take place “soon’ but remains rather vague in his wording. It is evident a lot of countries are pondering over the same matter right now.  

The technology powering cryptocurrencies should not be overlooked either. Bitcoin and cryptocurrencies are growing in popularity and value. The cryptocurrency ecosystem offers plenty of other currencies with their own use cases. It has become about so much more than just Bitcoin, although it will remain the largest cryptocurrency for some time to come. Finding a regulatory solution which doesn’t stifle innovation will be challenging.

It is understandable Abyzov wants to promote the use of blockchain. By definition, that also means the development of cryptocurrencies will get some more credibility. Openly supporting these ideas is still rather controversial in Russia. Abyzov is not the first to do so, though. The Russian Finance Minister echoed similar statements, explaining why banning cryptocurrencies makes no sense. For now, things remain a legal gray area. That situation may change pretty soon in Russia, though.

Anybody that is relatively new to the bitcoin space, as undoubtedly a large number of those reading are, given recent upswing in news media coverage, will be looking at the recent price action and panicking. Especially, if they are holding bitcoin and, even more so, if they bought in above $4000 apiece.

It’s at these times, however, that bitcoin holders need to have the exact opposite attitude. When the bitcoin price swings to the downside, all it really means is that we’ve got an opportunity to pick up an exposure to bitcoin at a discount to inherent value.

Sure, it’s open market activity that dictates price, but fundamentals are going to push the cryptocurrency higher over the coming years and these small dips are something that anybody who has been a long term holder will be more than familiar with.

So, with that said, let’s get some levels put in place with which we can try and draw profit from any volatility we see today. As ever, take a quick look at the chart below before we get started so as to get an idea of where things stand and what happened overnight. The chart is a one-minute candlestick chart and it has our key range overlaid in red.


As the chart shows, the range we are using for the session this evening comes in as defined by support to the downside at 3757 and resistance to the upside at 3832.

If we see a close above resistance, it will signal a long trade towards an immediate upside target of 3860. A stop loss on the position somewhere in the region of 3825 looks good. Looking the other way, if we see price close below support at 3757, we will jump into a short trade with an immediate downside target of 3725. A stop loss on this one at 3775 works well.


Bitcoin price charts courtesy of Trading View

Bitcoin Cash has proven to be a pretty resilient ecosystem these days. While few people gave it a fighting chance, things have turned out pretty well in the end. With more exchanges supporting BCH, the overall market liquidity is also improved. Bitstamp has posted an update in regards to Bitcoin Cash.

The exchange will enable BCH trading and credit user balances at the end of September 2017. An interesting decision by the company, although they took their sweet time getting things in order. With the Bitcoin hard fork taking place in July, Bitstamp users had to wait two full months before they get their tokens. It is a very long period, to say the least. Then again, the company advised users to withdraw Bitcoin from the platform if they wanted quick access to BCH. Most people have seemingly done so already.

Bitstamp Finalizes Bitcoin Cash Integration

Bitstamp wants to guarantee users’ funds first and foremost. With a lot of uncertainty regarding BCH during the first few weeks, implementing support was not on the agenda right away. Now that things have stabilized, the exchange will come through in the end. Anyone who kept their BTC balance on the exchange during the fork will receive their BCH credits in a few weeks. There is no official date other than “the end of September 2017”, for the time being.

Most other cryptocurrency exchanges issued BCH to customers already. Some companies even did so during the fork itself. This goes to show every exchange works differently from the next. Enabling Bitcoin Cash support earlier is not necessarily a security risk, though. It did create a fair bit of market volatility, which sent the BCH price tumbling in the early days. Right now, Bitcoin Cash seems to be holding its own quite well. It will be interesting to see if the Bitstamp listing changes any of that.

The company plans to introduce BCH trading in a few different markets. Support the BCH/BTC market makes a lot of sense. Moreover, they will also open USD and  EUR trading pairs for Bitcoin Cash in the near future. This should provide ample liquidity for BCH on the exchange from day one. It will be interesting to see if Bitstamp can become a big market maker for Bitcoin Cash. More liquidity means good things may happen Although the sue case for Bitcoin Cash remains a bit vague, there is a genuine interest in the currency, that’s for sure.

Hello and welcome to News BTC’s Market Outlook September 14.


DASH fell significantly on Wednesday, reaching towards the $282 level. By doing so, we have sliced through psychological support at the $300 level, and it now appears that rallies will offer short-term selling opportunities. I believe that the markets will probably try to find their footing given enough time, but quite frankly it’s a market that looks a little bit shaken, so I would be hesitant to start buying.


Litecoin fell significantly as well, but bounced from the $58 level. That of course is a supportive sign, but I would need to see this market clue the $64 level to actually put money to work. At that point, I think that Litecoin would go towards the $72 handle.

Thanks for watching, be back tomorrow.

Hello and welcome to News BTC’s Market Outlook September 14.


Ethereum fell significantly on Wednesday, reaching as low as $255. The crypto currencies in general are getting hammered as the Chinese have made it known that they are not happy with the situation. By showing the willingness to come in and shutdown exchanges, this is probably the biggest fear most crypto currency traders face. Because of this, we are starting to see money leave the marketplace, and this could in the end offer a nice buying opportunity. However, I think that we need to see you at least the day of stability to start buying.


The Ethereum market also fell against Bitcoin, reaching as low as 0.068 during the session. The market looks likely to remain volatile, but quite frankly it still seems a bit negative. Ultimately, the market continues to be massively resistive, because quite frankly the market has seen a lot of action around the 0.07 region. Ultimately, this market will remain noisy, and somewhat bearish.

Thanks for watching I’ll be back tomorrow.

Hello and welcome to News BTC’s Market Outlook September 14.


Bitcoin fell against the US dollar as we are now below the $4000 level. With the Chinese cracking down on crypto currencies, it seems as if there is a bit of fear entering the marketplace. Because of this, the printing trader will probably step to the sidelines and wait for at least some stability, if not bullish pressure to the upside. The $3800 level is acting as support currently, but we could go lower.


Bitcoin fell against the Japanese yen as well, testing the ¥420,000 level. By doing so, the market looks likely to continue to be very volatile, and I think at this point they move above the ¥450,000 level would be needed to stabilize the market. In the meantime, sellers probably are going to have their way.

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

Key Highlights

  • ETH price traded below the $260 support area against the US Dollar before finding bids near $255.
  • There is an ascending channel forming with support at $274 on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The price might break the channel support and decline once again towards $260.

Ethereum price remains in the bearish zone against the US Dollar and Bitcoin. ETH/USD might complete correction and move lower once again towards $260-255.

Ethereum Price Correction

There was no major correction in ETH price yesterday as it failed to remain above the $290 level against the US Dollar. The price started a correction from the $280 level and formed an ascending channel on the hourly chart. It corrected above the $310 level, but failed near $315. After the failure, the price started declining once again and broke the channel support at $297. There was a sharp decline in ETH and the price even broke the $270 and $260 support levels.

A low was formed near $255.54 from where the price is currently correcting. It has moved above the 23.6% Fib retracement level of the last decline from the $315.21 high to $255.54 low. There is also an ascending channel forming with support at $274 on the hourly chart of ETH/USD. The pair is currently struggling to clear the 38.2% Fib retracement level of the last decline from the $315.21 high to $255.54 low.

Ethereum Price Technical Analysis ETH USD

Therefore, there is a chance that ETH would break the channel support at $274. Once the price $274, it could trade back towards $260 or even $255. On the upside, a break above $290 and the 100 hourly simple moving average is needed for more gains.

Hourly MACD – The MACD is still placed well in the bearish zone.

Hourly RSI – The RSI is retreating from the 50 level and heading lower.

Major Support Level – $260

Major Resistance Level – $290


Charts courtesy – SimpleFX