Hawks probe MMM ‘pyramid’ schemeThe Hawks have set their sights on the local arm of an international investment scheme which has already collapsed in Russia and is apparently on shaky ground here after luring millions of South African investors. A Russian fraudster is allegedly the mastermind of the operation, suspected to be a pyramid scheme. It left millions of Russian investors bankrupt. But the probe by the Hawks, which also involves crime intelligence police officers, is being hampered by the magnitude of the scheme. The so-called MMM scheme, founded by convict Sergey Mavrodi and known locally as MMM South Africa, entices investors by promising 30 percent profits every month. This week, despite reports the scheme had collapsed, local recruiters denied this was the case. They were adamant that while two arms of MMM – MMM Global and MMM Extra – had closed to protect investors’ money, the South African branch was unaffected... read more
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Plutus & PlutusDEX – Complete End-To-End Decentralized Bitcoin PaymentsBitcoin and blockchain technology has changed the face of online end electronic payment systems. The use of blockchain technology, combined with crypto-tokens is not an alternative payment option anymore. It is getting to a point where it will soon be part of the mainstream, alongside fiat currencies. Thanks to platforms like Plutus that are making it possible. Plutus is a decentralized platform that allows people to spend bitcoin in regular Point of Sale terminals that accept only electronic fiat currency. Plutus makes... read more
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Bitcoin Price Watch; Looking Towards the Week’s CloseIt’s been a strange week in the bitcoin price yet again. We’ve seen some technical patterns, some consolidation, and even – thankfully – some breakout action from which we’ve been able to place trades according to our intraday strategy. Unfortunately, it looks as through we might be in for a relatively stagnant end to the week. Action overnight on Thursday was pretty uninspiring, and while it did get us un to a long trade (which we remain in as things stand), we pretty much just saw a gradual upside run characterized by tight, narrow frame candlesticks. We’d like to see two things today, before the end of the US session and what we might officially call the weekend... read more
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Bitcoin Price Technical Analysis for 04/15/2016 – Daily Triangle HoldingThe 100 SMA is above the longer-term 200 SMA so the path of least resistance is still to the upside, suggesting that a break above the triangle top could be possible. However, the gap between these moving averages is narrowing, indicating a possible downward crossover. Meanwhile, stochastic is indicating overbought conditions so buyers are already feeling exhausted from propping bitcoin price up. Once the oscillator turns down from the 80.0 level and starts heading further south, bitcoin price might follow suit... read more
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US Senate Committee Releases Anti-Encryption ProposalAlthough this excuse has been all but milked out, the new encryption bill draft – called Compliance with Court Orders Act of 2016 – is designed to “protect Americans from criminals and terrorists”. It is not the first time this line has been used, nor will it be the last time, as the government has an unquenchable thirst for accessing encrypted consumer data. While there is a valid point in saying how nobody is... read more
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SAW Inspired Bitcoin Ransomware Deletes Files Every HourA group of online hackers is using their sense-of-humor – and an indisputable love for Saw movie series – to rob people off their Bitcoin. The said group has launched a notorious ransomware attack on personal and private computer networks all across the world. Amusingly, the ransomware is named after the antagonist of the SAW series – the trike-riding menace known as Jigsaw. According to the available reports, the said bitcoin ransomware is... read more
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EDCAB will Ensure Fair Bitcoin and Blockchain Regulation in EuropeAlthough digital currency and blockchain technology have gone entirely unregulated for quite some in Europe, things are coming to a change in the not-so-distant future. Now that the European Virtual Currency industry has formed a new trade body, the policy on digital currencies and distributed ledger technology will be in the balance. It has to be said, though, the creation of the EDCAB will [hopefully] be a positive move for the legitimization of the virtual currency ecosystem. Both Bitcoin ... read more
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Bitcoin Price Watch; One, Two and Three!In this morning’s bitcoin price watch analysis, we suggested that we would like to see three things this by afternoon. First, a successful completion of our ongoing long trade. Second, a breakout on which we could get into a position, with the assumption being that this would be a long position and an upside break, if we were also going to fulfill item one. Third, a sustained move I the direction of our entry that would see us hit our target, and take us out of the trade for a profit as we headed into the weekend. Before we get going with our weekend key levels, take a look at the chart below... read more
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Bitcoin Price Technical Analysis for 04/14/2016 – Short-Term Resistance Holding!The 100 SMA made another crossover above the 200 SMA, suggesting that the path of least resistance is to the upside. This indicates that a potential upward breakout from the near-term channel top at $430 could be seen. In that case, bitcoin price could be on track towards testing the larger channel resistance at $435-440. Meanwhile, RSI is pointing up to show a return in bullish pressure, also hinting that further gains could be seen. Stochastic is also on the move north, which suggests that bitcoin price might follow suit. read more
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Shapeshift Update: Security Breach Could be an Inside JobShapeshift.io, the cryptocurrency exchange was recently faced with a security breach, forcing it to temporarily suspend its operations. The security breach on April 7, 2016, had compromised the platform’s server infrastructure which threatened the fate of future transactions on it. In order to fix the system and be sure that nothing is amiss, the company decided to replace the server infrastructure instead of fixing the issues on the existing setup... read more
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Business Intelligence Report Mentions Bitcoin and BlockchainThe primary goal for of any merchant services provider is to come up with new ways to make e-commerce more appealing to both consumer and business. This is one of the areas companies are likely to put their attention on, together with card-present and card-not-present transaction processing in Europe. But there is more, as this initiative could help facilitate cross-border services, assuming banks can get their clients interested in this prospect... read more
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Bitcoin Price Watch; Here are Today’s Entries…Yesterday, as a result of overnight trading on Tuesday, a double top gave us a medium term bearish bias in the bitcoin price. The pattern completed mid afternoon, and we were able to enter short according to the pattern’s traditional rules on a neck breaking. Post-entry, price initially moved in the direction we’d expected, before correcting a little to the upside and consolidating somewhat throughout Wednesday evening. This is not unexpected, and the bearish trade we entered on the pattern yesterday remains valid. On the short term timeframes, at least... read more
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Bitcoin Price Watch; Live Breakout Trade!In this morning’s bitcoin price watch article, we highlighted the range we were focusing on for the early European session. It was a pretty tight range, so we said we’d be looking at trading breakout only, as opposed to breakout and intrarange. This is because its difficult apply effective risk management parameters on intrarange trades when support and resistance are so narrow. As it turned out, we might have been better off giving it ago. Shortly before the European afternoon kicked off, price bounced from support and quickly ran up to resistance for... read more
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South African MMM Global Victims Unveil Ponzi Scheme TacticsNow that the Bitcoin experiment held by the MMM Global company is coming to an end, there is a massive outpouring of user opinions on how this platform operated. As was to be expected, some people are happy with their experience, whereas others have lost a lot of funds. Especially in South Africa, there seem to be very mixed feelings... read more
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Expert: Bitcoin will Never become a Reserve Currency
Opinions are dime a dozen, as everyone has at least one and sometimes more than one. There is nothing different when it comes to the subject of bitcoin either. There are many conflicting opinions about the digital currency which are casually being tossed, even by those who have never used bitcoin in their life until now. But that doesn’t mean all opinions are a waste of time, or useless. One of the conflict of opinion about bitcoin revolves around its role as a reserve currency...
[urlhttp://www.newsbtc.com/2016/04/13/bitcoin-is-never-going-to-be-a-reserve-currency-pavel-kravchenko/]read more[/url]
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Bitcoin Trading Gets a Boost in Nigeria amid Oil CrisisDue to the scarcity of US Dollars in Nigeria, factories are no longer to import the parts. Unfortunately for most people, the US Dollar dictates the world economy, and limited access to that type of currency throws a monkey wrench in the business side of things. read more
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Thanks for adding a new Dice game to the site.
However, I wanted to ask you to add more soccer games and market options. Currently you offer very few options for the soccer market.
Are you thinking in adding more markets?
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Bitcoin Price Watch; Live Bearish Entry!Let’s kick things off with a chart. The chart below shows the action we saw in the bitcoin price overnight, and the action that has taken place since we published the first of our twice daily bitcoin price watch articles this morning. It’s got the framework we applied to our first analysis still overlaid, to illustrate how action has performed in relation to our expectations. read more
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Dragon’s Tale Presents Feather Balance, A Luck-based GameDragon’s Tale is the most popular Casino Role Play Game in the digital currency ecosystem. It is home of hundreds of skill and luck casino-based minigames you won’t easily find anywhere. The game is a complete mix of a role play game with an original casino game style where players will need to accomplish a lot of tasks to level up and gain access to other areas. read more
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Chain and MUFG to Issue Promissory Notes on BlockchainRather than trying to disrupt the payments industry with distributed ledgers, some established financial players are looking at other aspects of their business model that could do with some innovation. For the Mitsubishi UFJ Financial Group [MUFG] Promissory Notes seem to hold a lot of promise, and they are keen on exploring if the blockchain would be applicable in this field of expertise... read more
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