Blockchain-based e-Commerce platform for B2B has revealed a partnership, as well as an equity investment by logistics giant UPS’ Strategic Enterprise Fund.
Blockchain-Based E-Commerce Platform
According to an official press release, logistics giant UPS, through its investment arm – the company’s Strategic Enterprise Fund, has made an equity investment in e-commerce oriented company Inxeption.
The company has designed a B2B e-commerce platform based on blockchain technology, intended to integrate segments such as product design, supply chain, and manufacturing. The idea is to enable merchants to grow revenues and increase online sales in a more scalable way.
Speaking on the matter, UPS’ Chief Marketing Officer Kevin Warren, outlined:
Inxeption’s technology is attractive to UPS because it helps unlock new efficiencies for customers using B2B e-commerce platforms. […] UPS creates alliances and partnerships to gain market knowledge and position the company as the shipper of choice in ecommerce.
UPS And Blockchain
This is not the first engagement of the logistics giant with the field of blockchain technology.
Last year, the company filed an application for a patent with the Patent & Trademark Office of the US.
The company was seeking legal protection for a system which uses blockchain technology to store different types of data within a distributed ledger.
In general, blockchain technology has seen positive reception in the shipping industry. Again in 2018, Australia’s Commonwealth Bank managed to ship and track 17 tons of almonds using distributed ledger technology.
Additionally, Live Bitcoin News reported that IBM and Ford have teamed up in a pilot project which uses blockchain to track ethically sourced minerals.
What do you think of UPS’ latest investment in a blockchain-based e-commerce platform for B2B? Don’t hesitate to let us know in the comments below!
ADA price corrected lower and found support near the $0.0400 level against the US Dollar.
There is a major bullish trend line formed with support at $0.0415 on the 4-hours chart (data feed via Kraken).
The price is trading with a positive bias and it may continue to grind towards $0.0480 or $0.0500.
Cardano price is placed nicely in an uptrend against the US Dollar and Bitcoin. ADA could gain bullish momentum towards $0.0500 if there is a clear break above $0.0465.
Cardano Price Analysis
After a massive rally above the $0.0550 level, cardano price started a downside correction against the US Dollar. The ADA/USD pair declined below the $0.0500 and $0.0465 support levels to trim most its gains. It even traded below the $0.0420 support before buyers emerged near the $0.0400 support. A swing low was formed near $0.0391 before the price started an upward move. Buyers gained strength recently and pushed the price above $0.0420. The price even traded above the 23.6% Fibonacci retracement level of the recent decline from the $0.0546 swing high to $0.0391 low.
Currently, the 55 simple moving average (4-hours) is acting as a resistance near the $0.0450 level. The next key resistance is near the $0.0465 and $0.0466 levels. Besides, the 50% Fibonacci retracement level of the recent decline from the $0.0546 swing high to $0.0391 low is near $0.0469. Therefore, a proper break above the $0.0465 and $0.0469 levels may clear the path for more gains. The next stop for buyers could be $0.0500 or $0.0515. An intermediate resistance is $0.0487 and the 61.8% Fibonacci retracement level of the recent decline. On the flip side, if there is a downside correction, the $0.0435 and $0.0420 levels may act as support.
The chart indicates that ADA price remains well supported on the downside above $0.0400. There is also a major bullish trend line formed with support at $0.0415. Therefore, there are high chances of more gains above $0.0465 and $0.0480.
4-hours MACD – The MACD for ADA/USD is moving nicely in the bullish zone.
4-hours RSI – The RSI for ADA/USD is well above the 50 level, with a bullish angle.
UpStake, an exciting cryptocurrency project officially launched last year, is all set to take the global crypto community by storm. Unlike hundreds of crypto ventures that fail to make any impression, UpStake is dedicated to delivering a stable digital currency that will pave the way for mass adoption around the world.
London, UK – Jan 16, 2019 : London-based crypto startup UpStake is well on its way to revolutionising the global cryptocurrency industry by eliminating many of the limitations that have stifled growth for years. Launched in 2018, this promising initiative is focused on ensuring mass adoption of cryptocurrency by providing a usable, stable form of digital currency to the crypto and blockchain communities across the globe.
This proposed blockchain ecosystem is built around UpStake tokens (UPS), the platform’s proprietary token. UpStake asserts that these tokens have been designed to increase in value over time, and set the stage to build great products and services which result in better user experiences.
In order to ensure continuous increase in value of UPS over time, UpStake has built a Proof-of-Burn model that burns a certain percentage of tokens sold through their exchange. This model helps create the value that contributes to the ever-growing price point of the token. It not only enables the token price to increase every hour, but also keeps it well protected from market volatility.
Highly volatile and unregulated markets have so far obstructed the path of mass cryptocurrency adoption. In order to eliminate this concern and enable mass adoption, UpStake relies on token features such as limited circulation, hourly increase of value, proof of burn, and anti-exchange manipulation.
Having developed a product that is immune to market-related uncertainties, UpStake is confident in bringing about a paradigm shift in the crypto world’s operations. Individuals and businesses using UpStake can now gain access to an asset with a store of value that can be safely used in day-to-day transactions. This will undoubtedly play a critical role in bringing cryptocurrency to conventional shopping, employee payroll, gaming, online gambling, network marketing, and much more.
“Knowing the future token price doesn’t create value,” said UpStake global influencer manager Seth Fontaine. “It creates a platform of transparency, and a foundation to build great products and services with an even better user experience than traditional fiat/banking.”
The UpStake platform also includes useful features such as its own exchange designed to combat market manipulation, a micro-networking investing product known as Edge, an affiliate program, and upcoming projects such as a dedicated UpStake marketplace and peer-to-peer transfer capabilities.
UpStake is an exciting cryptocurrency project focused on delivering a stable digital currency that will pave the way for mass crypto adoption around the world. UpStake accomplishes this feat with a Proof-of-Burn model that periodically burns a certain percentage of tokens sold through their exchange.
Affiliate marketing is the best way for young, hardworking people to build sustainable passive income streams. It’s the best combination of a freelancer and entrepreneur lifestyles. Affiliate marketer’s lifestyle makes for a highly effective low-risk high-reward early retirement strategy.
In this article, I will show you how to start executing it.
If you’d like to live a free life, working wherever you want, and build up a capital that will make it possible for you to stop working at the early 30s, affiliate marketing is the best choice. It has the upper hand over both funding your own company and working as an independent professional.
The odds of your affiliate network making a profit are much higher than with many other business ventures, especially founding a tech startup – a sector where the risks are very high. On the other hand, the final upside of your actions is also set much higher than the one you have just working as a freelancer – writing articles or social media posts for other people’s sites.
There’s one crucial thing being an entrepreneur, and an affiliate marketer have in common. You don’t need to overanalyze, plan, nor develop theories to do it successfully. All you have to do is start acting now and stick to it for a longer time. Start fast, don’t quit too soon – that’s the way.
There’s no value in too much planning as it doesn’t cost you a dime to start doing it. All you need to do is to spend a few minutes on setting up a campaign. Then send your links to friends or post them on social media, and see if you attract any new customers. When you find a single one, try to repeat and scale up the process.
Let’s remove the two hurdles that block the process and prevent you from becoming a young rentier:
Which company should I choose?
How do I start doing it?
What affiliate program should I choose?
The affiliate marketing industry is growing globally, which is no surprise since it’s highly profitable for both companies and affiliates. One of the side effects is the incredible abundance of affiliate marketing programs. How to choose the right one?
Let me give you some easy criteria. The affiliate marketing business you’d like to start should:
Promote attractive digital products (the margins on physical products are lover) preferably via a search engine (i.e., Google)
Offer competitive lifetime multilevel revenue shares (with recurring payments for the product or service)
Promote a fast growing product or services that would offer you high conversion rates;
Deliver products should have bright long term perspectives
Have an excellent customer service and product reviews, so you don’t risk high churn rate (percentage of clients quitting a service)
Use a superb affiliate tracking software to make things easy for you to control the revenue flows, optimize marketing efforts, and manage multilevel network
SimpleFX Affiliate Marketing Program powered by Unilink.io has it all. You get to promote a cryptocurrency powered trading platform accessible for everyone around the world. A fast-growing community of traders that exceeded 200,000 people.
Trading platforms make their money from tiny commission on each trade (so-called spreads). The cost is tiny and unnoticeable for a starter, however big volume traders that know how to make money generate a large income. As an affiliate, you can get up to 25% of the lifetime income produced by every new account registered after clicking on your affiliate links. Moreover, you can get up to 5% of the revenue made by the customers brought in by your affiliates – so-called multilevel revenue.
That’s not all. Unilink.io runs SimpleFX Affiliate Marketing Program. The platform gives you real-time stats and easy access to top-notch ads already translated into different languages.
Set up your first campaign
The best thing about SimpleFX Affiliate Marketing Program is that you get to use the quality product you promote. This makes it even easier to do.
Here’s a short guide on how to build your first affiliate campaign in just two minutes.
You can do it anywhere. It’s crucial to understand the value you are giving your audience when promoting your product. SimpleFX is an intuitive, fast and reliable trading app that works literally on every device. The best thing about it is that it’s suitable for both beginner traders and experts. SimpleFX is a product that is used by satisfied customers forever.
What’s more, the revenue they generate is not simply recurring, it’s snowballing with time. The new users that you bring to the platform learn how to make money day trading. SimpleFX team supports them with tutorials and trading courses.
Participate in social media discussions and advocate the advantages
Promote them with YouTube videos and YouTube comments
Write blog posts that are searchable
Buy ads to promote your blog or landing pages
Run e-mail marketing campaigns
Any marketing hack you can find.
That’s it. It’s easy to start, and it’s easy to get the first results. When planning a new business, you don’t need much more. With time you’ll get the hang of it, start talking with your affiliates, develop successful methods to attract not only many new customers but good affiliates, the ones with the potential of high volume trading, and profits for you.
In a push to support human rights and environmental protection, IBM, Ford Motor Company, amid other corporate moguls, will pilot a blockchain project to track ethically sourced minerals in the Democratic Republic of Congo (DRC).
Blockchain to Track Ethically Sourced Minerals
Blockchain-based technology will be used to track the sourcing and distribution of ethically sourced minerals – cobalt, in particular, in the Democratic Republic of Congo. According to the official release,
The blockchain pilot aims to introduce more transparency into the global mineral supply chains. Participants in the project are marquee companies representing each major stage of the supply chain. These include Ford Motor Company, Huayou Cobalt, IBM, RCS Global, and LG Chem.
Each of the participants in the designated network will be validated against the necessary sourcing standards, as developed by the Organization for Economic Cooperation and Development (OECD).
Besides participant validation, blockchain technology will also guarantee data immutability, making information accessible by all permissioned participants in real time.
IBM’s Blockchain Platform
As the pilot scheme is already in progress, the release also reveals that the project will use IBM’s Blockchain platform powered by Linux’s Hyperledger Fabric.
IBM’s been heavily invested into blockchain technology as the company has over 400 people working on projects involving it. It’s also been involved in other supply chain network-oriented projects revolving around the usage of blockchain before.
Speaking on the matter was Manish Cawla, GM, Global Industrial Products Industry at IBM, who said:
With the growing demand for cobalt, this group has come together with clear objectives to illustrate how blockchain can be used for greater assurance around social responsibility in the mining supply chain. […] The initial work by these organizations will be used as a precedent for the rest of the industry to be further extended to help ensure transparency around the minerals going into our consumer goods.
What do you think of the blockchain-based project to track ethically sourced minerals? Don’t hesitate to let us know in the comments below!
Bitcoin price declined recently and settled below the $3,700 support area against the US Dollar.
There was a break below a crucial contracting triangle with support at $3,780 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).
The price tested the next important support at $3,480 and it is currently consolidating losses.
Bitcoin price is struggling to gain bullish momentum above $3,700 against the US Dollar. BTC must stay above $3,480 to avoid a downside break towards $3,200 in the near term.
Bitcoin Price Analysis
After trading as high as $4,117, bitcoin price faced a fresh round of selling against the US Dollar. The BTC/USD pair started a sharp downward move and broke the $4,000, $3,800 and $3,750 support levels. There was even a close below the $3,700 level and the 55 simple moving average (4-hours). It opened the doors for more losses and the price traded below the $3,600 support.
More importantly, there was a break below a crucial contracting triangle with support at $3,780 on the 4-hours chart of the BTC/USD pair. The pair even spiked below the $3,500 support before buyers took a stand near the $3,480 support area. Later, the price started consolidating losses and corrected above the $3,600 level. Buyers pushed the price above the 23.6% Fib retracement level of the last decline from the $4,117 high to $3,478 low. However, the $3,700 pivot level acted as a strong resistance and prevented an upside break. Besides, there is a connecting bearish trend line in place with resistance at $3,640 on the same chart.
Looking at the chart, bitcoin price must gain strength above the trend line and the $3,700 resistance to move into a positive zone. The next hurdle is near $3,800 and the 50% Fib retracement level of the last decline from the $4,117 high to $3,478 low. Alternatively, a downside break below $3,480 may push the price towards $3,330 or $3,220.
4-hour MACD – The MACD for BTC/USD is placed in the bearish zone, with hardly any positive sign.
4-hour RSI (Relative Strength Index) – The RSI is currently well below the 50 level.
Three industry experts have recently provided their take on what the trends in the cryptocurrency field will be in 2019. Let’s have a look at three recent predictions regarding the market and the trends to follow from popular industry experts.
Equity Capital Raising in ICO Projects
Paul Veradittakit, a partner at prominent cryptocurrency investment fund Pantera Capital, observes an emerging trend amid blockchain-related companies – they are raising funds by selling shares instead of issuing more digital tokens.
A bunch of companies that raised capital using the initial-coin-offering structure either have managed their treasury poorly or realized that they haven’t found a strong use case for their token — they are in need of more capital and to raise an equity round. – He said.
It’s worth noting that Pantera Capital’s CEO – Dan Morehead, said back in August 2018 that Bitcoin’s price would be “much higher a year from now.” In other words, we have about five months to see whether his prediction will come true.
2019 Will See the End of the Bottoming Process
According to Fred Wilson, co-founder of Union Square Ventures, 2019 will be the year where we’ll see the bottoming process end and enter a new bull run.
I expect we will see some bullish runs, followed by selling pressures taking us back to retest the lows. […] I think this bottoming out process will end sometime in 2019 and we will slowly enter a new bullish phase in crypto. – Said Wilson.
However, he’s also predicted that we’ll see a bear market in stocks, dislocations in the leadership of the US, a number of global economic issues, and a weakening economy. Wilson said that cryptocurrencies won’t manage to become a safe haven for any of the above.
Crypto Hedge Funds Will “Suffer”
Popular proponent and notable crypto Twitter personality Anthony “Pomp” Pompliano, founding partner at Morgan Creek Digital, said towards the end of last year that a lot of cryptocurrency hedge funds might start to shut down.
The reasons for this are the incentive fees structure as well as the prolonged bear market in 2018.
According to him, fund managers only receive a performance fee if the net value of the fund is higher than in any previous investment period.
He also added that:
We have seen 50-80% decreases in net asset values in some funds since then. […] This means these fund managers will not receive a performance fee in 2018, which drastically reduces the income of the individual manager.
What do you think of these industry predictions? Don’t hesitate to let us know in the comments below!
New Zealand-based cryptocurrency exchange Cryptopia has been hacked. The team confirmed the attack while revealing that the losses are ‘significant’.
A few days ago, on January 13th, the cryptocurrency exchange Cryptopia went into unscheduled maintenance. At the time, the platform’s team tweeted:
“We are currently experiencing unscheduled maintenance, we are working to resume services as soon as possible. We will keep you updated.”
Today, however, the exchange has come up with an official announcement that its security has been breached, resulting in ‘significant losses’.
“Yesterday 14th January 2019, the Cryptopia Exchange suffered a security breach which resulted in significant losses. Once identified by staff, the exchange was put into maintenance while we assessed damages.”
The exchange gave no further information regarding the loss of funds.
However, it also said that all the appropriate authorities, including the NZ Police and High Tech Crimes Unit have already been informed and are working on a joint investigation.
Immediate Community Reaction
The reaction of the crypto community was also timely. Popular twitter personality WhalePanda (@WhalePanda), was quick to note that the timing of the event was interesting.
Interesting that this happens in a bear season where small exchanges are struggling to make ends meet and are aggressively messaging anyone involved with crypto projects to get them to pay listing fees to get listed on their platforms. pic.twitter.com/Vg44R4Dh5s
It’s also worth noting that a certain outgoing ETH transaction took place 45 hours ago where 19,390 ETH have been transferred from Cryptopia’s tagged wallet to an unknown address. The ETH is worth almost $2,5 million.
What do you think of Cryptopia being hacked? Don’t hesitate to let us know in the comments below!
Ethereum price corrected higher after testing the $113.114 support area against the US Dollar.
ETH is heading towards a major bearish trend line with resistance at $135 on the 4-hours chart (data feed from Coinbase).
The price may struggle to surpass the $132, $135 and $138 resistance levels in the near term.
Ethereum price gained traction above the $120 barrier and rallied above $126 against the US Dollar. However, ETH is likely to fail near the $135-138 resistance zone.
Ethereum Price Analysis
This past week, we saw a significant decline in Ethereum price from the $159.40 swing high against the US Dollar. The ETH/USD pair declined heavily and broke the $150.00, $142.00 and $124.00 support levels. There was even a close below the $136 pivot and the 55 simple moving average (4-hours). Sellers gained traction and pushed the price below the $120.00 support area. A new monthly low was formed at $113.67 and later the price formed a support base.
It seems like $113-114 zone acted as a solid support, resulting in a sharp upside correction. The price moved above the 23.6% Fib retracement level of the last decline from the $159 swing high to $113 swing low. It spiked above the $130 level and moved into a positive zone. At the moment, the price is consolidating below $130, with a few bearish signs. On the upside, there is a strong resistance near $135-138. There is also a major bearish trend line in place with resistance at $135 on the same chart. Besides, the 50% Fib retracement level of the last decline from the $159 swing high to $113 swing low is at $136.
Looking at the chart, Ethereum price is clearly facing a solid resistance near the $135 and $136 levels. A clear break above the $136 level and the 55 simple moving average (4-hours) is needed for more gains. On the downside, the main supports are at $124 and $120.
4-hours MACD – The MACD for ETH/USD moved back nicely in the bullish zone, with a positive bias.
4-hours RSI (Relative Strength Index) – The RSI for ETH/USD jumped back sharply above the 50 level.
Kyle Samani, the co-founder of the $75 million cryptocurrency fund Multicoin Capital, has said that Ethereum will eventually challenge Bitcoin’s dominance over the market.
A Shift to Decentralized Exchanges
The founder of the Austin-based multi-million dollar cryptocurrency fund Multicoin Capital, Kyle Samani, has shared his take on the current stage of the cryptocurrency market.
He holds that it hasn’t all been doom and gloom despite the tumultuous 2018. According to the expert, one of the hottest trends on the block will be decentralized exchanges.
He believes that Binance’s plan to introduce a decentralized exchange will cause a massive shift in the cryptocurrency space.
Binance realizes that the greatest disruptive threat to their business is decentralized exchanges. […] On a long enough time scale, they believe it is likely to become a dominant form of exchange. As such, they’re aiming to disrupt themselves by pioneering here. I expect that they will create incentives to encourage customers to trade on the decentralized exchange instead of the centralized one, and will actively bridge liquidity pools. – He said.
In addition, he also said that other platforms might follow in the footsteps as Binance, as soon as it brings its decentralized trading platform to light.
Ethereum to Be Challenged Fiercely
Ethereum’s dominance as a platform providing an underlying infrastructure for the development of decentralized applications will be challenged fiercely going into the short to medium-term future, according to Samani.
He holds that a group of very well-funded projects will be able to pose a threat to Ethereum as the leading smart contract platform.
All of the new blockchains are aiming to challenge Ethereum. […] I expect by the end of the year the percentage of total developers building on Ethereum will be lower than it’s right now, simply because of the competition. […] At the end of 2019, I still expect Ethereum to be the market leader among smart contract platforms. But there is a real probability that by the end of 2020, this is no longer the case. – Said Samani.
What do you think of Kyle Samani’s take on the current state of the cryptocurrency field? Don’t hesitate to let us know in the comments below!