Blockchain

Piracy Will Cost Billions to the TV and Music Industries

In most of the Western world, piracy is fought on every corner but still to no avail. The TV and Music industries especially, have been the biggest victims

The post Piracy Will Cost Billions to the TV and Music Industries appeared first on CoinStaker | Bitcoin News.

Published

1 year ago

December 16, 2019

Republished by Plato

With the evolution of the Internet, piracy has become increasingly more sophisticated. It’s biggest victims however, are probably music artists and actors.

In the last year’s forecast of Digital TV Research, it’s mentioned that the TV series and film could reach a revenue loss of over $50 billion by 2022. This is all attributed to online piracy and those rough estimations do not include sports, pay-per-view and other forms of media content. The real number would be quite higher.

If we’re looking at the scale of worldwide blockchain adoption, we must come to the consensus that the technology isn’t capable to destroy piracy, at least not yet. It’s important to note that most media content can be easily captured and reused. This means that in the moment most blockchain projects are not going after piracy so much as ad transparency.

A report from CREATe, a UK copyright research body, dives deeper into the psychological aspects of piracy. If we look past the ridiculous over complication of the aspects of Piracy, we can agree that most people do it because they simply cannot afford these products in any way. Some countries have a limited access, but they can share files endlessly with no repercussions.

There is no clear consensus on the subject since many people will likely have their own viewpoint. There is evidence that blockchain technology can be used to start the initiative to combat piracy. It’s a widely shared opinion that piracy would be completely eliminated if the Internet was entirely built on the technology. While that remains a future possibility, there are a few methods involving blockchain, which can be applied today.

Piracy is an opportunity for profit and fame, if a company can manage to combat it

A “surveillance smart contract” technology is currently being developed by Vevue. The blockchain streaming service says that the technology would be able to track the lifespan of all content. Essentially, this would mean that every time a video is copied or recorded in any possible way, the technology would be able to ID the original owner of the system/device on which the content was last displayed.

The tracking isn’t done by blockchain. Tracking and ID’ing the stolen content is quite the difficult task it goes a little above blockchain. The platform will use a very sophisticated computational engine, which is still pending a patent. It will be tasked with content protection but the details on tracking and ID’ing content will be kept a secret.

Another unique approach is taken by a South African company. CustosTech is implementing the Bitcoin blockchain in the fight against piracy. The company has built a technology known as “forensic watermarking.” It’s essentially a reward system, which embeds a monetary reward, in this case Bitcoin. The reward will be connected to the unique serial number encoded into the media files like eBooks, audiobooks, audio and video.

The technology is also known as digital watermarking and has seen the light of day for a few years now. Many companies use this technology today. The watermark is randomly placed in a piece of the media and it’s completely imperceptible. The fact that it’s location is unknown and the way it’s embedded across the entire file makes it incredibly difficult to remove. Another important part to note is that the serial key is completely unaffected by file manipulation such as downscaling, transcoding, recording or any form of alternation. This means that if a file is suspected of piracy, the serial number can be used to determine the file’s legal recipient and thus the origin of the stolen content.

In the near future many such projects will start popping up. The music and TV industry will do well to invest in such innovations because if successful, they could literally save them billions.

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Source: https://www.coinstaker.com/piracy-cost-billions-tv-music-industries/

Blockchain

Bitcoin Cash Price Analysis: 10 April

Published

28 mins ago

April 10, 2021

Republished by Plato

The correlation between Bitcoin and Bitcoin Cash stood strong at 0.729, showing a positive correlation between the prices of the two (denominated in USD). Bitcoin Cash saw some bullish news in recent weeks when it was announced that merchants that have integrated PayPal will be able to accept payments in BCH.

Bitcoin Cash 12-hour chart

Source: BCH/USDT on TradingView

Bitcoin Cash was once again near the $670 resistance level. Further on lies the $750 resistance level, while support is at the $600-$610 area.

A leg upwards could be exactly the thing that has been brewing in the markets over the past month. Bitcoin and Ethereum have been unable to break past the stubborn resistance at $60k and $2000 respectively, suffering a sharp pullback before recovering. The positive sentiment around the market has been building for a few weeks now and could propel prices higher in the weeks to come.

The technical indicators showed that BCH has shifted back toward bullish momentum over the past two weeks, after dropping to test the $480 support level.

Rationale

Using the Elliot Wave Theory, the move from $220 (October) to $500 (January) appears to be the third wave in a series of five waves for BCH – and that wave also saw BCH register larger gains than the other two motive waves.

The move from $750 to $480 would then be Wave A of the corrective phase – and the recovery from $480 being Wave B. If this is indeed so, then BCH is unlikely to push past $750 once again.

The OBV showed that although buying volume was present, it has not yet made up for the selling volume seen since the drop from $750. This has to change if the bulls are to drive prices toward $800.

The RSI climbed back above neutral 50 to denote bullish sentiment.

Conclusion

A surging Bitcoin often sees market participants exchange altcoins for the king of crypto. This scenario would likely see coins such as BCH stagnate while Bitcoin soars. The $660 and $750 remain key levels of resistance and a move above them will invalidate the corrective phase scenario laid out in this analysis.

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Source: https://ambcrypto.com/bitcoin-cash-price-analysis-10-april

Blockchain

How Ripple’s big win in court correlates with XRP’s 113% rally

Published

55 mins ago

April 10, 2021

Republished by Plato

The bulls ride again on XRP’s side, as the token breaks about $1. On the legal subject, things seem to be going well for Ripple’s corner as rumors of an SEC settlement grow louder.

Back in December, the Commission hit Ripple Labs, executive Brad Garlinghouse, and Chris Larsen with a lawsuit for the alleged illegal sales of an unregistered security. In the coming month’s XRP’s price plummeted, exchanges delisted it, some investors lose faith.

As reported by lawyer Stephen Palley, Garlinghouse and Larsen scored a victory yesterday when Magistrate Judge Sarah Netburn rule that “discovery seeking 8 years of financial records along w/ subpoenas to 3d parties seeking same were too broad”.

Palley classified the decision as a “nice early win” by the defendants but is still skeptical about it being an indication for a resolution on the case. Palley added the following:

Winning a motion for a protective order on discovery doesn’t usually portend victory on the merits of the case itself. It depends. And the Court left open the possibility some of this could revisit later, if there are reasons to check veracity.

On the other hand, Galaxy Digital CEO Mike Novogratz said Ripple’s “equity is trading” at up to $3 billion in valuations on a secondary market. Novogratz speculated on the possibility XRP is rallying due to rumors of a possible settlement in the lawsuit.

Last February, the parties ruled out a settlement in a joint letter. However, the negotiations took place under the Commission’s previous directive. Gary Gensler is expected to be confirmed by the Senate and his more pro-crypto stance to have a positive influence on the legal process. Novogratz said:

Ripple equity is ‘trading’ in secondary market at $2-3bn valuation. The $XRP on their balance sheet is worth approx $70bn. One price seems wrong. If XRP price is saying settlement coming, the equity is crazy cheap. If not, the token seems expensive. Thoughts?

Commenting on Novogratz’s statements Palley said there is no “public” indication a resolution is coming soon. The lawyer classified this subject as “inside” information and claimed a settlement will come after summary judgment practice. Palley added:

I don’t know how one can correlate price itself to settlement unless someone has inside information about potential SEC settlement/resolution and ability for exchanges to re-list for trading. Ripple has done better than I expected so far in preliminary motion practice and discovery fights, but there’s a long way from that to case resolution.

XRP in moon mode

Those who hold on to their tokens have been rewarded. XRP is trading at $1,32 with 29% profits in the past 24 hours and the biggest weekly rally in the crypto top ten with 113%.

Ripple XRP XRPUSDT — XRP on a bullish run in the 24-hour chart. Source: XRPUSDT Tradingview

Trader Kaleo said XRP is yet to reach its top and seems bullish on current price action. Comparing it to the 2017 bull-fun, the trader said XRP’s price quickly reach $2.45 when it broke the $1 mark. In the current rally, there is “way more capital” and fuel for the price to extend the bullish momentum.

In the last 24 hours, investors in South Korea are increasing XRP buying pressure as shown by the high trading volume in Upbit and Bithumb, two major exchanges in that country.

XRP soared 23% in 24h, and nearly 100% in the past 7d. It is surprising when the official sell-off and the SEC case is unclear. South Korean investors are one of the reasons for the continued rise of XRP. On the two major exchanges in South Korea, XRP/KRW has largest volume. pic.twitter.com/8gbsUERkxU

— Wu Blockchain (@WuBlockchain) April 10, 2021

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Source: https://www.newsbtc.com/news/how-ripples-big-win-in-court-correlates-with-xrps-113-rally/

Blockchain

Chainlink, Aave, Decred Price Analysis: 10 April

Published

58 mins ago

April 10, 2021

Republished by Plato

Chainlink moved within an ascending channel but a breakdown did not seem likely at least in the short term. Aave remained below its 200-SMA, while Decred was expected to break south from its ascending channel after touching $200.

Chainlink [LINK]

Source: LINK/USD, TradingView

Chainlink’s current price was at a crossroads on the 4-hour chart. On one end, a climb above $35-resistance on the back of a bullish broader market would likely boost LINK above its ATH of $36.9. The other end would see LINK move below the bottom trendline of its ascending channel.

A bearish divergence on the MACD did lead to a pullback, but the price was still within the confines of an ascending channel. If the fast-moving line does cross above the signal line, a breakdown can be avoided over the coming sessions. The RSI pointed north from 54 but was expected to fall towards the oversold zone after forming another peak in the upper territory. A breakdown would highlight $28.6-support, but the same could go as low as $24.4.

Aave [AAVE]

Source: AAVE/USD, TradingView

While Aave has attempted a recovery after the late February pullback, gains have been largely capped by a strong resistance line of $422.7. Another stubborn form of resistance came from the 200-SMA, a line that has subdued Aave’s attempt at a bullish comeback. At the time of writing, the candlesticks were below the 200-SMA and the bulls faced an uphill task to take control of the market.

The OBV moved flat over the last few sessions. On a whole, selling volume has outmatched buying volume since mid-February. The ADX pointed south from 26 as the price approached its long-term moving average. Even if the price does move north, failure to flip $422.7 to a line of support could lead to a breakdown once again. Support at $300 could cushion any losses seen during the mid-long term.

Decred [DCR]

Source: DCR/USD, TradingView

On the 4-hour timeframe, Decred moved within an ascending channel after a pickup from $175.7-support. Since the last two weeks, this has become a recurring theme for DCR. Ascending channels have led to a minor pullback but the bulls have swiftly negotiated them and maintained an upwards trajectory. Going by the same logic, a minor pullback was expected if the channel peaks at a psychological level of $200.

The $195 region could offer some support but a fall towards $175.7 was also likely in case of a sharper sell-off. For now, the RSI was in the process of forming its third peak in the overbought region and a reversal can be expected soon after. Meanwhile, bullish momentum was gathering according to the Awesome Oscillator.

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Source: https://ambcrypto.com/chainlink-aave-decred-price-analysis-10-april