Ambazonia: Cameroon separatists call AmbaCoin into being

AmbaCoin is the name of the crypto currency that is supposed to help the separatist state of Ambazonia achieve financial independence. With this push the separatists try to free themselves from the African state of Cameroon. Another “state” ICO after Venezuela. The public sale is to start on time for Christmas.

One may be reminded of Venezuela. A crisis-ridden country is trying to gain independence through a state-owned crypto currency. The AmbaCoin case shows once again both the geopolitical and economic potential of crypto currencies.

Bitcoin secret: In the fight against Cameroon

Ambazonia or Amba Land is a region in the south of Cameroon that was declared independent of Cameroon by the Southern Cameroons Ambazonia Consortium United Front in 2017. For some time now, civil war-like conditions have prevailed there: the government does not recognise Amba Land, but the separatists are trying to enforce their independence by force. The country splits up without making any social or economic Bitcoin secret progress. But now there is a solution for the Bitcoin secret.

AmbaCoin to promote cryptosoft

In order to enforce the spin-off of Amba Land and Ambazonia at the cryptosoft currency level, some of the separatists now want to create their own cryptosoft currency. According to the white paper, the AmbaCoin has two main goals. On the one hand, the initiators want to raise the capital to push through their application for separation at the United Nations. On the other hand, the AmbaCoin should help to “build up the country’s economy”. Furthermore, it should be possible for inhabitants of Africa to act cross-border without restrictions.

Ethereum-based token available at Christmas
As you can see from the white paper, the token should be based on the Ethereum blockchain. By means of Smart Contracts the publishers want to control the token distribution. The consensus procedure is Proof of Stake, which the publishers consider to be more efficient than the proof-of-work mechanism at Bitcoin. As an incentive for Amba-Coin-Hodlers, the publishers offer an annual bonus of five percent. The ERC20 token will ultimately receive its own wallet, but will be storable on traditional wallets.

What is the Ichimoku-Kinko-Hyo-Indicator?

A tool in the area of chart analysis is the Ichimoku-Kinko-Hyo-Indicator. It is also known as the Ichimoku cloud indicator and is used to estimate the market situation as well as possible supports and resistances. This article is intended to introduce it in more detail.

The inclined reader has noticed it: The analyses of Thomas Hartmann, the head behind the trading school cryptologists, very often refer to the Ichimoku-Kinko-Hyo-Indicator. Certainly not everyone will be able to do anything with it. So this article will explain the indicator as we did with RSI and MACD at the time.

What is the Ichimoku-Kinko-Hyo cryptosoft Indicator?

The Ichimoku Kinko Shock cryptosoft Indicator, also known as the Ichimoku Cloud, is an indicator used to identify market sentiment and important supports and/or resistances. It consists of various moving averages. This cryptosoft indicator was presented to the public in 1968 by the Japanese journalist Goichi Hosada. However, he has been working with students on this indicator since the 1930s. Japanese traders and analysts quickly used this indicator. But it took some time before it arrived in the West.

The picture above shows beside the chart candles only the Ichimoku cloud. At first glance it is noticeable that the Ichimoku-Kinko-Hyo-Indicator is comparatively complex and consists of different partial lines. Let’s take a closer look at them!

Meaning of the individual crypto trader lines

Dark blue is the Conversion Line, known in Japanese as Tenkan-sen. It is a kind of moving average in which the average is formed from the high of the last nine days and the low of the same crypto trader period. Nine days is the default value, which will be discussed again later. The conversion line is a measure of the crypto trader market trend. This function as a signal line is the primary use case. It is not a dominant support or resistance line.

Orange is the base line or in Japanese Kijun-sen. It is formed similarly to the Tenkan-Sen and is the average of the 26-day high and the 26-day low. The Kijun-Sen is therefore slower than the Tenkan-Sen. It can be used as a stop loss because it is a support or a resistance. If the price is above the Kijun-Sen, it is a bullish signal, if it falls below it, it is a bearish signal.

Green is the Lagging Span or the Chikou Span. It simply represents the price or the close values of the day candles, but the values are shifted by 26 days into the past. So the Chikou Span on July 9th is as high as today’s Close-value.

The Kumo Cloud: The Heart of the Ichimoku Kinko-Hyo Indicator
The area on the chart that is colored red or green is conspicuous. It is also the most famous part of the Ichimoku cloud. This cloud is on the one hand a signal generator. If the price is above the cloud, the general trend is bullish and a price below the Kumo cloud is bearish. If the price is inside the cloud, the price is currently moving sideways.

Specifically, two lines form the kumo cloud, the violet line in the chart and the red line in the chart. These lines are also partial indicators.

Violet is the lead 1, also known as Senko Span A. The value is calculated as an average of Tenkan-Sen and Kijun-Sen and entered in the chart with an offset of 26 days. This means that the Senko Span A reaches 26 days into the future. The Senko Span A forms part of the limit for the so-called Kumo cloud.

Finally, red is the lead 2. Analogous to lead 1, this is also known under the term Senko Span B. Similar to Tenkan-Sen and Kijun-Sen, this is an average of the maximum of the last 52 days and the minimum in the same period. Like the Senko Span A, this partial indicator is entered in the chart with an offset of 26 days. Together with this, the Senko Span B forms the edge for the Kumo cloud.

If Lead 1 rises above Lead 2, the upward movement gains momentum, if Lead 1 falls below Lead 2, the same applies to the downward movement. For this reason, the cloud is green in the first case and red in the second.

Mauritius: The tropical island wants to ascend to the Blockchain hub

Known as home to lush tropical beaches, the world’s second oldest racecourse and the now extinct Dodo bird, the East African island nation of Mauritius aims to establish itself as a place for blockchain innovation.

Since its independence in 1968, the former Dutch, French and British colony has become one of the most successful economies in the region, developing into a technology and financial services centre.

Now Mauritius sees Blockchain technology as a catalyst to strengthen its competitive edge and drive Bitcoin revolution on the island

“We are working to bring our economy to a higher level and this type of Bitcoin revolution is very important to our strategy,” says Atma Narasiah, Head of Technology, Innovation and Services on the Board of Investment Mauritius, the island’s national investment promotion agency. “Blockchain is an area on which we need to focus, build capacity and ensure that it penetrates other sectors of the economy and government.

The island nation has established financial services and information and communication technology industries that could attract investors and entrepreneurs from the blockchain and financial technology sectors.

Blockchain is one of those Bitcoin revolution technologies that we want to use

We see here a window of opportunity to overtake others,” says Narasiah about a scam to onlinebetrug. Regulatory Sandbox License. In search of the Indian Ocean’s blockchain hub, Mauritius has issued an open call for innovators to use the country’s new Regulatory Sandbox License (RSL). The Sandbox allows companies operating in Bitcoin revolution areas such as financial, medical and communications technologies to start despite the absence of a formal legislative or licensing framework.

“We have received innovative projects (proposals) over the years but have not been able to implement them due to the regulatory gap. We have a very good legal system, but at the pace that technology is changing, we have not been able to keep pace with the regulatory front,” Narasiah said, adding:

“In order to catalyse the execution of these projects, the Regulatory Sandbox License was created.”

Similar to the approaches used in Australia, Singapore and the UK, the RSL is open to all innovators, but the focus is on attracting blockchain innovators from all sectors.

The expectation is that completed projects will help drive domestic and cross-border trade and possibly result in a Smart City concept linked to other hubs. Since its launch in November 2016, the RSL has piloted eleven project proposals, most of which are under the Fintech umbrella.

To be considered for approval, applicants must demonstrate that their project is innovative, beneficial to the Mauritian economy and cannot be included in the investor’s home jurisdiction due to legal or regulatory gaps. Qualified applicants can be admitted in only 30 days, provided all relevant information has been received and the risks are properly addressed.

Goodbye FUD – The eternal scaling debate: Solution in sight

The last weeks and months have been anything but rosy for the crypto market. Falling prices and bad news have had a strong impact on the mood in the crypto ecosystem – FUD (Fear, Uncertainty and Doubt) made a big splash. In some reports, the impression was quickly gained that the crypto economy was at an end. We consider this a misjudgement and would like to outline in our 10-part article series why 2018 can develop into an outstandingly good year.

When asked about the classic advantages of crypto currencies over fiat currencies, the answers are usually the same: transactions with crypto currencies are anonymous and global, fast and inexpensive. The lack of intermediaries allows lower transaction costs and more efficient speed.

But the transaction fees in 2017 could not be called “low”. As a by-product of the exploding demand for crypto currencies (and the relatively early stage of the technology), transaction costs for Bitcoin transfers also rose. The blockchain scaled only to a limited extent and soon the rush had completely filled the blocks. What followed was price competition for inclusion in a block. That is, transaction costs rose.

Crypto currencies are means of payment according to the news spy

Here is the decisive point: As the name suggests, crypto currencies are basically conceived as currencies. Even before determining and storing value, the decisive function of a currency is its use as a means of payment. Long before the terms blockchain, crypto or distributed ledger technology were used in the world, Bitcoin wrote as a “peer-to-peer electronic cash system”. For the purists in the community, this aspect of the news spy crypto currencies is still in the foreground.

The Bitcoin price usually plays a secondary role for such purists. Finally one measures the exchange rate in Fiat. Satoshi Nakamoto developed Bitcoin just as a further development to the Euro, US Dollar & Co. – that is, to replace the traditional financial system.

How the current bear market is benefiting the Bitcoin secret

In order for Bitcoin to be used as a means of payment by a broad mass, the fees for a transfer must be correspondingly low. As time has shown since the beginning of January, a drop in prices is proving to be a blessing: If the value of the Bitcoin secret is halved, the costs of a transaction are also reduced – assuming that Bitcoin is used less.

If one wants to pay primarily with crypto currencies, it is absolutely necessary that the corresponding fees decrease again. For Miner this may mean a loss in the short to medium term. However, the low fees again motivate users to use the Bitcoin network for transactions. So the mining is worth it again.

Segregated Witness: Bitcoin’s solution for the scaling problem
Scalability still plays an important role in trading crypto currencies. In the Bitcoin community, it at least led to a deep split because no agreement could be reached on how to proceed. One part of the community wanted to achieve scalability by increasing the block size, which led to Bitcoin Cash. In contrast, the core team agreed to activate Segregated Witness.

Firstly, thanks to Segregated Witness, miners can store more transactions in blocks. Probably the most far-reaching scaling innovation Segregated Witness has brought with it is the Lightning Network. There are three noteworthy projects: Blockstreams c-lightning, Neutrino from Lightning Labs and Eclair. Eclair has recently published an Android Wallet. Lightning transactions have also been taking place in the Litecoin ecosystem for a long time.

So there are currently two sides working on a solution for the scaling problem. On the one hand the pressure on the blocks and thus also the hurdle for fast and favorable transactions of crypto currencies dissolves. On the other hand, technological innovations and updates that simplify the scaling of Bitcoin & Co. are being worked on with high pressure. Possibly look

SEC Concerns – Funds Withdraw Planned Bitcoin ETFs

Two US fund providers have withdrawn their planned Bitcoin index funds after the concerns of the responsible US stock exchange supervisory authority SEC became known yesterday. However, the current listing application of five so-called Exchange Traded Funds (ETFs) of the provider Direxion Asset continues.

Update of the Bitcoin revolution

In the meantime, the fund providers Exchange Listed Funds and ProShares have withdrawn their proposals for Bitcoin ETFs in addition to Direxion Asset. Read more about it here: Is Bitcoin Revolution a Scam? Read This Review Before You Sign Up! However, the index funds are not yet completely off the table. The SEC is currently conducting a public hearing on the ETF proposals of the Chicago options exchange CBOE. According to Bitcoin revolution mandatory publications, a total of at least 14 ETFs and other Bitcoin-related exchange products hope for a green light from the SEC.

If the supervisory authorities grant permission to the ETF variants of Windy City, Wall Street providers could also regain their hope in the Bitcoin index funds.

After the Securities and Exchange Commission’s (SEC) concerns became public in yesterday’s investigation documents, the two fund providers Rafferty Asset Management and Exchange Traded Concepts filed the launch of three planned Bitcoin ETFs.

This was reported by the news agency Reuters about the Bitcoin loophole

The reason for this is obvious concern from the documents with regard to the “liquidity and valuation” of the Bitcoin index funds: As BTC-ECHO reports, the application for approval from the provider Direxion Asset is currently continuing. This week, Direxion Asset applied for the listing of five Bitcoin loophole ETFs on the New York secondary exchange Arca Exchange.

The index funds enable customers to bet not on the Bitcoin price itself, but on the trading value of the Bitcoin futures on the US CBOE and CME exchanges. Last December, these had apparently effortlessly launched their future contracts oriented towards the quasi-leading currency. With the planned Bitcoin ETFs, it should now be possible to double leverage prices on the New York Stock Exchange. This means that gains of up to twice the futures growth are possible with them.

As Business Insider reports, however, this is cause for concern. For example, experts say it may be too early for the onion-like stratification of future contracts. The still young Bitcoin market could lead to a decoupling of the ETFs from the underlying Bitcoin price.

Unlike futures, index funds are not dependent on the Commodity Futures Trading Commission (CFTC), but on the approval of the SEC. The latter’s concerns thus contradict the admission of the CFTC and represent a rare example of the opposition of various exchange authorities.

In addition to the current listing application, the New York investment bank Cantor Fitzgerald and the largest electronic stock exchange NASDAQ are planning their own future contracts for the current year. The breakthrough of Bitcoin on Wall Street, probably the world’s best-known and most important hub of international financial markets, is therefore not on ice.

Index funds or ETFs are generally understood to be stock market investments that refer to the performance of an equity index such as the DAX or Dow Jones. ETFs are often available at low cost from providers and enable investors to invest in entire markets rather than in individual stocks. Bitcoin ETFs would enable financial transactions outside the actual trading of the currency. Their listing on the US stock exchanges would be a further decisive step towards mainstream establishment of the crypto currency on the financial markets.

Currencies – a fundamental difference

With each day there are more crypto currencies and with each of them comes another candidate for the “new Bitcoin”. But do all crypto currencies really want the same thing? A brief introduction to the world of coins and tokens.

Crypto currencies have arrived in the Bitcoin loophole

The chance to get rich through an investment like this has now become the stuff of a rap song and the social media are also full of questions about “which coin is now the most worthwhile”. This mood on the market leads to Bitcoin loophole review crypto currencies being valued primarily on the basis of market capital. Accordingly, newcomers wonder whether Ethereum/Ripple/IOTA/EOS/TRON could soon replace Bitcoin.

In this article it concerns less a defense of Bitcoins than a sensitization concerning the considered crypto currency. After all, individual crypto currencies, various ICO-sponsored projects and new hard forks are not simply about creating a token for gambling. If this were the case, we would find ourselves in the much-quoted bubble, because after all, all projects would be worth nothing.

Of pocket knives and saws – coexistence of the news spy

The current situation is reminiscent of last year, when the significant rise in Ethereum’s share price led to the buzzword “Is The News Spy a Scam? Read This Review Before You Sign Up!”: people were convinced that Ethereum would soon have higher market capital than Bitcoin. Some circles also went so far as to say that Ethereum was “the better Bitcoin”. It is often forgotten that different crypto currencies are often designed for the news spy scam different use cases.

Ethereum captivates by the possibilities of Smart Contracts: With the help of Smart Contracts on a blockchain, automated processes are not simply possible, but decentralized applications that can be monitored during runtime. The classic Open Source concept has been extended to include the idea of Open Execution.

One can imagine that Smart Contracts greatly extended the idea of the classic blockchain technology, as it is known in the case of Bitcoin. Accordingly, considerably more use cases are conceivable than that of a peer-to-peer currency. With Initial Coin Offerings (ICOs) described further below, such an application has met with a great response.

In a nutshell, one might think that Ethereum is better than Bitcoin, after all Ethereum makes much more possible. But is it always better if many applications are supported?

As a parable, the pocket knife could be compared to a saw: A Swiss Army Knife also contains a saw. Similar to Leathermen, these knives are tools that can be helpful in a variety of situations – and often fit in your pocket.

But even though pocket knives combine the functions of screwdrivers, knives, saws, bottle and can openers, these tools have not disappeared from the market because they are an addition for special applications and not a replacement.

The same can be said about Ethereum: Ethereum is not in competition with Bitcoin, but complements the ecosystem of Blockchain technology. Accordingly, both currencies can exist wonderfully side by side.

Currency and token – ça fait deux
If primarily the monetary value is considered and all investment remains on exchanges, the difference between crypto currencies and tokens becomes blurred. Also on coinmarketcap tokens are displayed together with crypto currencies in the default representation. Nevertheless, tokens are named as such on coin market caps and “coins” and “tokens” can be viewed separately. The difference is important because it can also help in the fundamental evaluation of an investment and in the technical classification of a project.

We speak of a crypto currency when it is a stand-alone solution, i.e. when it is a separate blockchain or a blockchain-like data structure. The protocol on which these crypto currencies are based may be based on another crypto currency, but the previously existing crypto currency only serves as a role model. To put it more concretely: Litecoin or Bitcoin Cash can exist independently of Bitcoin, on whose code both protocols are based, and do not need Bitcoin. An ecosystem of nodes, miners (if consensus is found on the basis of proof-of-work), developers and regular users forms around individual crypto currencies.

Unlike crypto currencies, tokens cannot exist without an underlying crypto currency. They exist, for example, on the Ethereum block chain

Bitcoin: SumUp offers European merchants free transaction opportunity

SumUpSumUp has included Bitcoin in its mobile Point of Sale (mPOS) system, offering European merchants a payment method with no transaction fees from 2015 onwards.

This is made possible by a partnership with BitPay. SumUp can now boast of offering the first Bitcoin-ready mPOS solution for the European market. BiPay sees the partnership as another important step towards its target of 1 million BitPay customers in 2017. In a conversation with CoinDesk, co-founder and CSO of SumUp said that this decision is an important step towards alternative payment options such as Bitcoin and Apple Pay.

We want to enable our customers to use all types of payments

There are quite a lot of new opportunities out there, but we think Bitcoin is the most advanced option currently.

SumUp was founded in 2011 and has received $33 million in various financing rounds to date. This allows SumUp to become active in the European market and compete with its competitors iZettle and Payleven.

SumUp says there are currently no plans to introduce new fees by the end of the year. In the future, however, the company wants to keep this option open.

“We will carefully review the need for fees, but it is likely that they will remain at 0% after the review,” Christ said.

Keeping costs down

Existing customers who are interested in the new payment methods can already use the service now.

When paying, customers will then receive a QR code and can select the desired wallet. SumUp makes use of the BitPay confirmation tool which confirms a BTC payment within seconds.

“BitPay retrieves our backend and connects it directly to the app, it only takes seconds. It’s faster than a credit card payment,” says SumUp senior Android developer Dirk Jäckel.
Developer Gustav Simonsson says SumUp wants to keep a big advantage of Bitcoin: low transaction costs. Simonsson:

“We thought that if BitPay doesn’t charge transaction fees, why should we? We pass this advantage 100% on to our customers.”

The only costs that arise are the Miner fees that the customer has to pay.

Good feedback from customers
Christ says it is amazed by the variety of new technologies, but for SumUp such a technology is only interesting if it is also used by the end customer.

So far Christ is very positively surprised by the new registration due to the Bitcoin integration. More than 100 dealers have already opted for SumUp for this reason.

However, SumUp only wants to promote Bictocin for companies that can really benefit from it:

“We don’t want to force Bitcoin on you if you don’t have any potential customers using Bitcoin. We want the end customers to encourage the companies to integrate Bitcoin,” says Christ.