As Bitcoin Remains in Bear Territory This Crypto is About to Rocket to Fresh Highs

As Bitcoin Remains in Bear Territory, This Crypto is About to Rocket to Fresh Highs

            March 3, 2020

It has been a rocky past few weeks for the cryptocurrency markets, with Bitcoin plummeting from recent highs of $10,500 to lows of $8,400, leading most major cryptos to similarly see some intense bearishness.

There is one crypto that has been able to rally in the face of this market-wide selling pressure, however, with Chainlink setting fresh all-time highs against its Bitcoin trading pair.

This massive uptrend has led one top analyst to note that LINK’s strength against its BTC trading pair is likely to lead it significantly higher against USD in the days and weeks ahead.

Bitcoin Remains Stuck Beneath $9,000 as Analysts Eye Further Downside

After incurring a fleeting surge up to highs of $8,950 earlier this morning, Bitcoin faced a swift rejection at this level that subsequently led the cryptocurrency to plummet back towards $8,700 – which is where it has been hovering at over the past few days.

Today’s early morning rally came about in tandem with an upsurge seen by Gold and the global equities markets, with the price action seeming to further confirm the cryptocurrency’s status as a risk-on investment.

The recent rejection also confirms that the crypto is weak at the moment, and it may suggest that it will see further downside before it finds enough support to catalyze a sustainable uptrend.

TraderXO, a prominent cryptocurrency analyst on Twitter, explained in a recent tweet that he believes BTC may see some further near-term upside, but that this will ultimately be followed by a sharp decline to lows of $7,900.

“BTC — swing short setup. Will enter on the rejection,” he noted while pointing to the levels seen on the chart below.

This Crypto Could Set Fresh All-Time Highs Despite BTC’s Weakness

Chainlink’s insane rally seen throughout 2019 and 2020 did slow down last week when the markets faced an intense selloff, but it has been able to significantly outperform Bitcoin and is now about to attack its previously established highs.

Crypto Michaël, a prominent cryptocurrency trader and analyst, explained in a recent tweet that a break above $4.30 could induce a rapid surge to, or past, its all-time highs at $4.80.

“And testing the highs here. Breakout of $4.30 should induce a test of the $4.60-4.70 level next,” he noted.

Because the crypto is currently holding above $4.30 despite Bitcoin’s current weakness, it does seem as though Chainlink’s strength will soon lead it significantly higher.

Featured image from Shutterstock.

Original article posted on the NewsBTC.com site, by Cole Petersen.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Actor Steven Seagal Charged With Unlawful ICO Promotion

Actor Steven Seagal Charged With Unlawful ICO Promotion

By RTTNews Staff Writer | Published: 2/28/2020 9:44 AM ET

Steven Seagal, well-known Hollywood actor and producer, has been charged by the U.S. Securities and Exchange Commission (SEC) with unlawfully promoting an Initial Coin Offering (ICO). He is charged for failing to disclose payments received by him for promoting an ICO on social media, particularly in a webinar with potential investors.

The promotions were made between about February 12 and March 6, 2018.

“These investors were entitled to know about payments Seagal received or was promised to endorse this investment so they could decide whether he may be biased,” said Kristina Littman, Chief of the SEC Enforcement Division’s Cyber Unit.

Bitcoiin2Gen announced in a press release, “Zen Master Steven Seagal Has Become the Brand Ambassador of Bitcoiin2Gen.” The press release also included a quotation from Seagal stating that he endorsed the ICO “wholeheartedly.” Seagal was promised $250,000 in cash and $750,000 worth of B2G tokens in exchange for his promotion.

However, the company paid Seagal only about $157,000 for these promotions, but he failed to disclose in his posts any information about the fact or amount of compensation he received.

Seagal, aged 67, agreed to settle the charges for the violation while promoting Bitcoiin2Gen ICO in 2018.

Without admitting or denying the SEC’s charges, Seagal agreed to pay disgorgement of $157,000, plus prejudgment interest of $16,448.76, and a civil money penalty of $157,000 penalty to the SEC for transfer to the general fund of the U.S Treasury.

The total settlement will be paid in five installments over a period of 340 days. Seagal also agreed not to promote any securities, digital or otherwise, for three years.

For comments and feedback contact: editorial@rttnews.com

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Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

Article reposted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

HR Firm Randstad To Use Blockchain Smart Contracts To Help Recruiters

HR Firm Randstad To Use Blockchain Smart Contracts To Help Recruiters

By RTTNews Staff Writer | Published: 3/2/2020 10:25 AM ET

Randstad, the world's largest human resources firm, has teamed up with New York-based blockchain start-up Cypherium and Google Cloud to develop a solution to speed up business processes of matching talent to corporate needs.

Randstad has turned to Google Cloud to host its solution in tandem with Cypherium, which will manage the smart contracts. During the pilot, Randstad saw reduced human error in the vetting process.

Randstad believes that these innovations provide a unique opportunity to help recruiters connect with and deliver value to both job seekers and employers.

After the solution is implemented, Randstad will use blockchain technology to automate bureaucratic tasks, augmenting human capabilities and enabling its teams to focus on the critical art and science of matching talent with demand.

Randstad currently relies on humans to verify qualifications, a process which can take months. With Cypherium blockchain, Randstad expects to enable instant verification of academic and professional qualifications from recognized official sources.

"Google Cloud and G Suite already free us from some manual verification tasks, and we plan to use Cypherium's blockchain to hand off even more," says Frank van der Bijl, Global Collaboration Manager at Randstad.

The company also needs a fast, reliable blockchain that keeps the personal data of millions of people safe and secure. The secure-by-design infrastructure of Google Cloud keeps private information safe, while ensuring that Randstad remains compliant with international data regulations, such as GDPR and ISO requirements.

The solution will also enable instant, guaranteed payments via smart contracts, and handle paperwork to bring workers into and out of an organization through onboarding and offboarding.

For comments and feedback contact: editorial@rttnews.com

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Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

Article reposted on Markethive by Jeffrey Sloe

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Best live TV streaming services for cord-cutters in 2020

Best live TV streaming services for cord-cutters in 2020

Sling TV, YouTube TV, Hulu with Live TV and others let you ditch your cable company but keep the live channels and DVR. Here's how the services stack up.

    Ty Pendlebury   David Katzmaier February 5, 2020 6:00 AM PST

 

If you want to cut the cable TV cord but still want to keep live TV, the future is in streaming. Live TV streaming services like YouTube TV and Sling TV let you watch most, if not all of your favorite TV channels — from ABC to NBC to ESPN to CNN to Nickelodeon to Fox News — streamed live over the internet. And they probably cost far less than you're paying the cable company for TV.

Prices start at $15 a month with no extra fees or contracts. In place of a cable box and the monthly fee to rent it, you'll use an app on your smart TV, Roku, Apple TV, Amazon Fire TV or game console. And you can watch at home or on the go via a tablet, phone, other mobile device or even a web browser.

These services have plenty of benefits — no more cable fees, no more contracts, yay! — but the savings can be outweighed by other downsides including internet fees, DVR restrictions, buffering and a lack of things to watch, including live sports. And just like cable TV, the cost of these services just keeps going up. AT&T raised the price of its AT&T TV Now service packages, Hulu with Live TV increased by $10 last December, while Sling raised its price by $5 across the board. The landscape is in constant flux, and this can also mean competition is squeezed out — PlayStation Vue was among our top picks for premium options, but Sony shuttered its streaming service in January.

The entire article, written by an Ty Pendlebury and David Katzmaier, can be read on Cnet.com.

As you can see by the image above, Cnet has rated the streaming services by categories, from best overall to best TV and HBO combo. However, they failed to mention one streaming media service, NuMedia, which includes all of the typical USA channels plus HBO, Cinemax, Showtime, all the major news channels, sports channels (including NLF Network and NLF Red Zone, MLB Network, NBA TV, Golf Channel and a plethora of soccer channels), International channels and ten thousand plus video and demand movies.

NuMedia offers a free trial along with a referral program where you can get your service for free, or earn money by sharing the service with others. Refer NuMedia to five (5) people, who signup for the sevice, and get yours for free, or just pay the low cost of $49.95 (USD) per month to enjoy the TV shows, movies, sports or news that you want to watch.

To get your free trial click on the NuMedia link or logo!

Article posted on Markethive by Jeffrey Sloe

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