Bitcoin course: Can central banks trigger a new rally?

The falling Bitcoin price and last week’s low trading volume contrast sharply with the high a week earlier. On November 13th, the Bitcoin price returned to 458 US dollars.

The Bitcoin secret course high of the week before last

Market observers have already started drooling as many have expected a new Bitcoin secret price rally. Nasdaq blogger Martin Tillier, who has a lot of experience in the forex markets, saw a bullish interpretation in the short-term upswing. He pointed out that the dollar index had reached a monthly high and was slowly returning to much. This means that Bitcoin was trading against the dollar and gained value.

Market observers were already drooling, as many expected a new price rally. Nasdaq blogger Martin Tillier, who has already gained a lot of experience in the currency markets, saw a bullish interpretation in the short-term upswing. He pointed out that the dollar index had reached a monthly high and was slowly returning to much. This means that Bitcoin was trading against the dollar and gained value.

Volume of last week’s BTCBTC trading volume

As a result, the BTC returned to regular trading at 350-370 USD, but hopes for a new bullish sentiment remain. Tillier’s analysis remains optimistic as well. But also in a scenario where the Bitcoin price does not reach new highs Tilliers writes:

“This downward trend to end depends completely on when higher low points and higher highs are set. But if the BTC/USD price stays above the 350 dollar mark, we will soon see this new pattern.”

Can central banks drive up the Bitcoin price?
The Bitcoin price could receive unexpected assistance from the Chinese central bank in the next few days. It sounds even more incredible that the central banks of Japan and Korea could also give Bitcoin a boost.

It is not the case that the bankers in East Asia have decided to introduce their own regulation. They are doing something more predictable – they are firing at each other in a “war” that is often seen as a new “currency war” in the region.

It all started with the Japanese central bank unexpectedly cutting interest rates in October. This had depressed the yen price in relation to the USD. This allowed Japan to increase its exports. Korea and China followed suit. The Peoples Bank of China announced a rate cut last week.

In the last six months, according to Bitcoinity, 76% of the total trading volume was inBTC/CNY. So if the yuan becomes cheaper, Bitcoin would appreciate in value.

Bitcoin news relies on the blockchain in media licensing and announces its own ICO

Welt der Wunder TV plans the world’s first blockchain solution for the international trade of media licenses. For this purpose, a separate crypto currency will be placed and issued as part of an internationally oriented token sale. BTC-ECHO was at the headquarters in Munich and spoke with the managing director and presenter of Welt der Wunder TV, Hendrik Hey.

Background and Bitcoin news for the Blockchain platform

When today’s media licenses are traded, complicated contracts, related to the quite different types of Bitcoin news, complicate and slow down the process. Content owners (e.g. producers, distributors or library owners) as well as content buyers (e.g. worldwide TV stations, VOD platforms, but also increasingly publishers with their online portals) waste an enormous amount of time and money on drafting contracts that make the official use of video licenses possible. Due to the worldwide distribution of the industry and thus the widely distributed supply and demand situation on the Bitcoin news market, there are hardly any norms or standards. Every contract is unnecessarily renegotiated again and again. Standards and automation through a blockchain would remove precisely this inefficiency from the process.

Welt der Wunder TV contributes its decades of experience in license trading and its international networks.

“World of Wonders has been at home in both worlds of this market for over 20 years,” says Hendrik Hey, founder of Welt der Wunder TV. “We are both a producer and a TV broadcasting group in Germany and Switzerland and therefore know the needs of both sides very well,” continues Hendrik Hey.

Cooperation partners

To achieve this, Welt der Wunder TV is working together with the multimedia company Swiss TXT – a 100% subsidiary of Swiss public television. The telecommunications company Swisscom – counterpart to Deutsche Telekom – is responsible for the technical implementation and blockchain implementation. Swisscom has already made a name for itself as a blockchain specialist and, together with its subsidiary Blockchain AG, will provide the necessary expertise for the token sale.

For these operational reasons, the platform will be based in Switzerland. Thus, the ICO will be implemented via Welt der Wunder TV / Schweiz.

No business without content
In order to have a content basis directly at the launch of the platform, Welt der Wunder TV will make all its content available. In an interview with BTC-ECHO, Managing Director Hendrik Hey explains what this means in concrete terms:

“We are putting a very large archive into it, namely our content, and this has a gross production value of around 200 million euros, because we said that the engine would not drive without fuel.

These are over 5000 hours of high-quality broadcast material as well as several 10,000 clips for use on online portals of leading publishers.

Hendrik Hey further explains that this lays an important foundation for opening up the global TV and media licensing market of around 500 billion US dollars. In addition to the economic incentives offered by the Blockchain platform – brokerage fees are significantly lower than they are at present – the platform is intended to strengthen the producers’ negotiating position.

“The much more important part for us is the producer, that is the creative person in the process, and of course our heart beats for him. Giving the [producer] better market access and more competition is certainly a great advantage for him”, stresses Hey.

The platform makes it easier and cheaper for producers to find buyers, so that even less well-connected and financially strong producers have a better chance of financing projects and selling them internationally.

The MILC token
The token of the platform will be called “MILC” (MIcro Licensing Coin) and will become a fixed “payment currency” in the worldwide media license trade. A limited volume of 40 million MILCs is planned. The presale phase begins on December 1, 2017 and is to end on January 15, 2018 at the latest. A Publicsale phase is to follow thereafter and is still communicated.

Starting from 15.11.2017 interested investors can already register themselves on a Whitelist.

The funds from the ICO will flow into the completion and international marketing of the distribution platform. Should additional funds be available, the platform also plans to actively promote new, valuable content. This can be achieved, among other things, through pre-financing and content support for selected P

Fomo3D: lottery, snowball system, record dApp

TeamJUST, the developer of PoWH3d, has struck once again. Just like PoWH3d, the new, no less dubious dApp achieves a top ranking on The jackpot of the hybrid lottery and snowball system has grown to the equivalent of ten million US dollars. How long can this continue to go well?

The gambling principle of the Gambling-dApp is very simple

You buy so-called “keys” with ETH. Part of the money ends up in a large pot. The rest is distributed to those who already own one or more keys. How the money is distributed depends on which of the four possible “teams” you have joined. There is a 24-hour countdown, which is slightly extended with every purchase of a key.

Welcome to blockchain development. Your ICO is over, hype is drying up. Take the private keys, drain everything.

The person who bought the last key before the timer expired receives 48 percent of the pot’s content. This currently amounts to an impressive 21,400 ETH, which corresponds to almost ten million US dollars. Two percent of the pot will go to a community fund and benefit those who have participated in the development of the dApp. The remaining 50 percent will go to Fomo3D players and P3D token owners; in addition, part of the money will be transferred to the next round.

The keys become more and more expensive as time goes on. This means that those who have secured many keys early on benefit from those who join later. That’s why we’re now busy recruiting new users who are particularly prone to the fear of missing something (Fear of missing out, “Fomo”). Just as it should be for an agreed pyramid scheme.

Despite lack of seriousness currently most successful dApp

FOMO3d doesn’t even try to talk about its business model. Thus it concerns according to own statement an “exit scam”. The URL of the dApp has also been chosen carefully: The name leaves no questions unanswered as to the seriousness of the dApp.

Despite – presumably rather because of – this obvious confession to be a scam, Fomo3D currently dominates all other dApps on DappRadar in terms of user activity. The dApp currently has over 5,200 active users in the last 24 hours. That’s almost twice as many as the runner-up, the decentralized crypto exchange IDEX. The figures for the first mainstream dApp CryptoKitties also fade away against the success of the quasi-automated pyramid system: just 350 users have taken care of raising and caring for the digital kittens in the last 24 hours – and brought it to a trading volume of 22.17 ETH. For comparison: With Fomo3D, this figure is more than a hundredfold at 2,700 ETH.

If the madness continues like this, it is probably only a matter of time before the effects on the ETH course and the gas prices become noticeable. There is one thing for which you have to pay respect to TeamJUST: With their projects, they succeed wonderfully and not without humour in identifying the absurd excesses of the crypto economy. Thanks to Fomo!