“300 Token” Honors the Spartans with 300 Crypto-tokens

A new cryptocurrency is set to hit the market soon but in a limited number. It is created and named in honor of the three hundred Spartan warriors who were part of the Battle of Thermopylae. Staying true to the name, the supply is limited only to 300 tokens, most of which will soon be offered in an ICO.

Unlike other cryptocurrencies, the 300 Token is unique as it is the first one to be created using the Minereum Token Service. The 300 Token, like many other popular Ethereum based cryptotokens of the time, is ERC20 compatible.

The creators of 300 Token, do not intend to create an entire cryptocurrency ecosystem around it. Instead, they just plan to create enough hype to showcase the cryptocurrency’s and Minereum Token Service’s capabilities.

Out of the 300 tokens, the platform has made 70% of tokens, that’s 210 coins up for sale on the ICO. And the rest 90 tokens will be held on to by the 300 Token team. With the successful ICO, the platform will end up raising 63 ETH, approximately 7.5 BTC. The funds will be utilized to list the token on different cryptocurrency exchange platforms, which could cost up to 4 BTC and the rest to build a website, pay bounties to the community and gain media exposure.

Minereum is the first self-mining contract that enables people to create their own Ethereum based tokens in an easy and cost-efficient way. The cryptocurrency’s BitcoinTalk page states,

“The only reason why we are doing an ICO is to raise funds to list on exchanges, make website, PR, bounties, etc.”

The BitcoinTalk page also includes detailed instructions for participation in the ICO. Those interested in becoming part of the ICO can do so by sending the ether tokens to the smart contract mentioned on the page.

Given the limited number of tokens, and the platform’s already expressed interest to list it on multiple exchanges, the value of 300 Token is expected to grow rapidly.

Ref & Image: Bitcointalk Page

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Ok then – that’s another day done in our bitcoin price trading efforts and one that has gone pretty much exactly as we’d hoped it would. For readers that caught our analysis this morning, we were looking for a little bit of upside momentum throughout the early morning session to set the tone for the day. The idea was that any breakout would capture the attention of the markets and – in turn – help to sort of compound itself. To put this another way, if price started to look like it was moving upwards and appreciating in value, it would more than likely become a self-fulfilling prophecy. On the back of a little bit of weakness over the weekend, this is what we wanted to see and – as noted above, it’s what we got.

The Bitcoin price reached intraday highs just shy of 2600 earlier on in the day before correcting a little bit towards the 2550 mark. The latter noted dip was the bottoming out of the correction, however, and the price has since resumed its upside momentum to trade at current levels in and around 2570.

With all this noted, then, here’s where we are looking next and what we intend to do as and when price moves tonight. As ever, take a quick look at the chart below to get an idea of what’s on and where we are looking to get I and out of the markets according to the rules of our intraday strategy.

As the chart shows, the range we are looking at tonight comes in at support to the downside at 2549 and resistance to the upside at 2594. We are going to get in long on a close above resistance towards a target of 2630 and short on a close below support towards 2510. We’ll have ‘stops’ in place as ever to define risk on both positions.

Charts courtesy of Trading View


Legislators often don’t see eye-to-eye with new technology. Their first instinct is to either outlaw it or make it very difficult for service providers to gain traction. The State of Delaware is taking an entirely different route, though. The Assembly passed a bill which legalizing blockchain-based stock trades. As a result, blockchain technology is now in a prime position to disrupt US stock exchanges. A major victory for technology enthusiasts, that much is evident.

For the longest time, US stock markets have been using the same technology. In this era of modern technology, disruption is quickly becoming the buzzword. It is evident stock markets can benefit from blockchain technology.Now that the Delaware Assembly passed a law legalizing blockchain-based stock trades, things will get very interesting. More specifically, it is possible traditional stock markets will be rendered obsolete in a few years from now, unless they make the necessary upgrades.

Delaware Takes a big Step toward Blockchain-based Stocks

Although details of this new law are still hard to come by, things are looking quite good. Sources close to the matter told NewsBTC how the bill passed nearly unanimously. The official signing of this new bill will occur at the end of July. Additionally, the law will go into effect on August 1st, 2017. This new regulation will pave the way for issuing stocks on a blockchain or blockchain-based trading platform.

Right now, the only things being issued on a  blockchain are currencies, tokens, or digital assets. Bringing stocks into the fold will create some new and exciting opportunities. Trading stocks on a blockchain remove the need for intermediaries altogether. That does not bode well for established stock exchanges and brokers, that much is evident. Furthermore, using this technology will result in faster settlement times, which is beneficial to everyone

The bigger question is how this law will play out in the long run. It will certainly bring a lot of attention to Delaware. Blockchain companies will be quite pleased with this new bill coming to pass. Many people thought blockchain-based trading systems would never come to market. All of those naysayers will be proven wrong soon. Disrupting traditional finance will happen, and blockchain technology will be the catalyst. The future’s looking bright for this industry, that much is evident.

Japan Government is looking to use the bitcoin blockchain in order to increase the security of people information and cut administrative costs.

The Ministry of Internal Affairs and Communications, in fact, revealed it will test a blockchain-based platform to improve how individuals and businesses interact online with government.

The Japanese plan is expected to be adopted for processing government tenders in the fiscal year through March 2018, according to Nikkei magazine.

Distributed ledgers are a new technology that provides highly transparent and secure systems for a few purposes including transferring money: data is shared by everyone in the network so it is unchangeable and not subjected to DooS attacks.

Also, blockchains are less expensive than traditional methods.

The Ministry believes that a blockchain-based program can make tender applications pretty easy for both private industries and governments because the tender company can manage the information about tax payments online.

Bitcoin in Japan

Previously this year, Japan started to accept bitcoin and digital currencies as a legal method of payment and this news boost the crypto industry within the country.

In fact, Peach – an airline company based in Japan – started to accept bitcoin payments for flight booking; and we can say the same for a few other shops such as Recruit Lifestyle and AirRegi.

Payment processor Coincheck estimated that 20,000 merchants will start to accept bitcoin and other digital currencies by the end of this year.

This is one of the main reasons why a few weeks ago bitcoin price surged, as the bitcoin demand in Japan increased very fast.

Bitcoin enthusiasts are keeping a close eye on SegWit2x. This scaling proposal now finally has a beta protocol, which was introduced on Saturday. It is evident the team still plans to go ahead with their user-activated hard fork. At the same time, a new UAHF proposal is making the rounds, known as Bitcoin ABC. It is evident the scaling debate is far from over. The coming weeks will be quite interesting for Bitcoin, to say the least.

Scaling Bitcoin will finally occur in about a month from now. The first solution to try and succeed is known as SegWit2x. Now that the beta of this scaling proposal has been released, the whole world is looking over the code and what it represents. The goal remains to activate SegWit and introduce a 2MB hard fork network upgrade accordingly. This beta release is open to peer review. It will be interesting to see how the general community responds to this particular proposal.

SegWit2x and Bitcoin ABC Aim to Scale Bitcoin

So far, it seems there are still mixed feelings toward SegWit2x. While this scaling solution has a lot of mining pool support, community members are still divided into different camps. There are those who feel SegWit2x is a “rushed job” and will only harm the network. Time will tell if there is any merit to those statements. According to the latest timetable, this source code is scheduled to go live on the Bitcoin network by July 31st at the latest. Unless major flaws are discovered, that is.

While the community focuses on SegWit2x, another UAHF proposal is starting to gain traction. Bitcoin ABC is an implementation of a user-activated hard fork. It is comparable to Bitcoin’s contingency plan, even though ABC is not endorsed by the company. Bitcoin ABC does not support SegWit, RBF and it removes the 1MB block size limit altogether. It seems to be a mix of positive changes and some dubious decisions.

In a rather surprising turn of events, the Bitcoin ABC team also changed their vision for future block sizes. Right now, they feel 16MB blocks and bigger can be achieved by August 2019. It is unclear whether or not this proposal will gain any traction. The BTCFork subreddit is abuzz with people interested in this project. However, a 16MB Bitcoin block may not necessarily be needed anytime soon. It is good to have alternative solutions available, though.

And we are off on a fresh week of trading in the bitcoin price and – with any luck – we’ll get another good one moving forward. Things were a little bit volatile over the weekend, as brought about by some activity in the Ethereum space. The impact on bitcoin long term of what happened over at camp ETH is minimal but – as ever in this sort of asset market – nothing goes ignored as far as collateral impact is concerned.

With this in mind, we’re looking at a slightly depressed bitcoin price as things stand, with the currency trading at levels just shy of the 2500 mark heading into the start of the European session on Monday.

We’re looking for something of a recovery throughout the session today, so, let’s get some levels sorted out with which we can take advantage of any volatility as and when said recovery materializes. As ever, take a quick look at the chart below before we get started so as to get an idea of where things stand at the moment and what happened overnight. 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 looking at for the session this morning is defined by support to the downside at 2472 and resistance to the upside at 2490. We’re going to stick with our breakout strategy, for the time being, so we’ll look at getting in to a long trade on a close above resistance towards an immediate upside target of 2530. A stop on the trade at 2480 defines risk nicely.

Looking the other way, a close below support will have us in short towards 2450. A stop on this one at 2490 looks good from a risk management perspective.

Let’s see how things play out.

Charts courtesy of Trading View

Hello and welcome to News BTC’s Market Outlook July 3.


DASH continues to look bullish as we rallied on Friday yet again. The $190 level above offers a bit of resistance, but the real barrier is the $200 level. Because of this, I think that short-term pullbacks continue to be buying opportunities and we will eventually break out above $200 and continue to go much higher. This isn’t to say that is can be easy to do, but it looks as if the market wants to break the $200 resistance barrier.


LiteCoin continues to look bullish, but not nearly as bullish as DASH has been. The $37.50 level continues to offer support, but the $42.50 level continues to offer resistance. Once we break above the $42.50 level, then the market should be free to go to $47.50 again. This is still a “buy on the pullbacks” type of market.

Thank you for watching, we’ll see you again tomorrow.

Hello and welcome to News BTC’s Market Outlook July 3.


Ethereum initially fell on Friday but found enough support at the $280 level to turn around and show signs of life again. It looks as if we are trying to consolidate and build up enough momentum to continue going higher, and a break above the $320 level is a sign that we are going much higher. In the meantime, it’s probably best to buy short-term dips.


The Ethereum market against Bitcoin also initially dipped during the day but turned around to show signs of life. It looks as if buying on the dips will continue to be the way going forward, and a break above the 0.13 level signifies that we are going towards the highs yet again. Ethereum seems to be well supported, and that should continue to be the case going forward.

Thank you for watching, we’ll see you again tomorrow.

Hello and welcome to News BTC’s Market Outlook July 3.


The coin did very little against the US dollar on Friday, as we continue to grind sideways just below the 2600 level. Because of this, it’s likely that the market will continue to roll around in this general vicinity. With the Americans and Canadians celebrating independence holidays, it’s very likely that the volume may be a bit slow. However, the market seems to have more of an upward proclivity currently.


Bitcoin did very little against the Japanese yen as well, so having said that it’s likely that this market will also take a bit of a breather, just as we are seeing against the US dollar. However, looks as if the ¥280,000 level will continue to offer significant support. With that being said, it’s probably a market that will be very quiet over the next session or so.

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


Key Highlights

  • Ethereum classic price after a decline towards $15.80 against the US Dollar found support.
  • There is a crucial contracting triangle pattern with resistance at $17.50 forming on the hourly chart (data feed via Kraken) of ETC/USD.
  • A break and close above $17.50 might trigger further gains in the near term.

Ethereum classic price managed to find bids against the US Dollar and Bitcoin, and ETC/USD is now eyeing a break above $17.50 for further gains.

Ethereum Classic Price Resistance

There were a few swing moves in ETC price towards $16.00 against the US Dollar. Later, the price formed a base at $15.80 and started an upside move. It managed to crawl above the 23.6% Fib retracement level of the last drop from the $19.10 high to $15.85 low. It looks like the price is preparing for the next move above $18.00 in the near term.

At present, the price is struggling to break the 50% Fib retracement level of the last drop from the $19.10 high to $15.85 low at $17.50. The mentioned level also coincides with the 100 hourly simple moving average. Furthermore, there is a crucial contracting triangle pattern with resistance at $17.50 forming on the hourly chart of ETC/USD. Once there is a break and close above the $17.50 resistance and the 100 hourly simple moving average, there can be more gains.

Ethereum Classic Price Technical Analysis ETC USD

The next resistance on the upside is near the 76.4% Fib retracement level of the last drop from the $19.10 high to $15.85 low at $18.40. On the downside, the triangle support at $16.10-16.20 can be considered as a buy zone. Buying dips can be considered as long as the price is above $15.80.

Hourly MACD – The MACD is mostly flat and suggesting a consolidation phase.

Hourly RSI – The RSI is heading lower, but well above the 50 level.

Major Support Level – $16.20

Major Resistance Level – $17.50


Charts courtesy – Trading View, Kraken