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This UK Startup Sells Drones For Bitcoins

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The Daedalus Group, a team of expert drone operators in North East of England, specializes in Aerial Surveying with footage taken via drones.

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“We have worked in situations that demand secrecy and we are willing to offer our clients the opportunity to pay with a certain level of privacy,” said Charles Holmes, Director of Business Development, in interview with Hacked.

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“However, due to CAA regulations our Flight Operations are transparent and we go beyond the level required in terms of notifications to local governing bodies.” Why Bitcoin? The company’s banking experience will be familiar to Bitcoin entrepreneurs.

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“When we first began this adventure of starting a drone business, we contacted our banks for appointments to create a business account,” Holmes recalled. “While we awaited responses, we approached as many banks as we could and eventually found one willing to take our start-up capital. We get charged for having money, not having enough, for paying for things, and for the privilege of having an account. We would rather trade all this in for transaction fees and to be our own bank.”

The company loves Bitcoin and the promise that blockchain technology brings. He stated:“To offer our services for Bitcoin seems like the next logical step,” he said. “By being the world’s first drone company to offer services for Bitcoin we aim to capture a section of the market that wants to move forward with technology the way we do. We have to keep pushing technological boundaries and innovating past traditional dogma.”

To offer our services for Bitcoin seems like the next logical step.

“By being the world’s first drone company to offer services for Bitcoin we aim to capture a section of the market that wants to move forward with technology the way we do. We have to keep pushing technological boundaries and innovating past traditional dogma,” he added.

In 2014, The Daedalus Group looked at three technologies that would be revolutionising our future: 3D printing, Bitcoin, and drones. “We lacked capital for mining on a large scale, and 3D printing technology was lacking finesse, so we decided on a drone company to specialise in aerial inspections and surveys.” So drones it was.

Holmes foresees a diverse drone industry in the future, and Bitcoin could play a role. “Delivery drones, security robots, and self-driving cars will all need a completely digital wallet to pay for repairs and to receive wages or payment for their actions,” he explicated. “Delivery drones using a blockchain to log their activities would improve customer satisfaction. Security robots logging information on a blockchain would help law enforcement by providing succinct information.

“Self-driving cars integrated with a blockchain system would log all of their travel details to enable concise fleet management. Bitcoin and blockchain technologies can propel other industries forward if we have the imagination and drive to achieve something new.”

drone flying

For The Daedalus Group. drones are here to stay and will change almost every aspect of our lives. “The future of drones will include everything from asteroid mining to tiny inner-body autonomous vehicles,” Holmes said. Like Bitcoin, drones are a controversial industry.

“Drones in whichever form they take will most certainly create a much more cost effective and safer working environment but to the detriment of jobs for humans,” explained. “We are actively engaged in reducing the amount of time needed for inspections and surveys at height which impacts rope access trained individuals, scaffolding costs are no longer needed, and we are trying to reduce the need for ground-based mobile platforms.

“All of the traditional techniques for surveying at height are too expensive compared to our services and consequently there is less need for human interaction. In 6 hours of flight time last year we saved our clients £206,000 by replacing humans.”

Featured image from iStock/valio84sl. Images from Shutterstock.

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Bitcoin Hits $100 Billion as Record Rally Continues

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Bitcoin’s epic rally intensified Friday, as the token reached $6,000 for the first time in its history, bringing the total market value above $100 billion.

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Bitcoin’s Fresh Intraday High

BTC/USD touched an intraday high of $6,064.14, bringing its total market cap to $100.8 billion. That’s roughly $85 billion higher than where the market started in January.

At press time, bitcoin was trading around $5,993, up more than 5% on the day. From a technical perspective, the digital currency is considered overbought. However, the technicals are typically less reliable during extreme price movements like we’ve seen in recent weeks. The world’s leading cryptocurrency has added a staggering 520% this year.

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Bitcoin’s rally didn’t really extend to other cryptocurrencies Friday. Ethereum continued to trade just north of $300, while Ripple (XRP) consolidated a hair below 21 U.S. cents.

The cryptocurrency market’s combined market cap is roughly $173.4 billion, which is roughly $3 billion less than the Monday’s peak.

$10,000 Bitcoin?

Bitcoin could be heading north of $10,000 a unit in the not-too-distant future, according to a survey conducted by CNBC. About 49% of the 23,118 people who voted in the CNBC poll said the digital currency will reach the five-figure threshold.

Roughly 16% of respondents said bitcoin prices are heading to between $6,000 and $8,000. About a third selected the Jamie Dimon option by calling bitcoin a fraud.

Though unscientific, the survey clearly shows that the mainstream is paying attention to the rapid acceleration of cryptocurrency. At least a portion of them will investigate the matter further, and likely conclude that digital assets are a welcome addition to their portfolio.

It’s impossible to associate bitcoin’s success with just one catalyst, but it’s clear that institutional support, the allure of the blockchain and favorable regulation in markets like Japan are feeding the rally. An anticipated November hard fork is also helping to shore up price.s

A Day of Milestones

Bullish sentiment also rubbed off on U.S. stocks Friday, with the Dow Jones Industrial Average extending its rally above 23,000. The blue-chip index climbed tacked on 165 points to close at 23,328.63 after the U.S. Senate passed the 2018 budget by the narrowest of margins.

The S&P 500 and Nasdaq Composite also set fresh all-time highs, with financials and industrials leading the rally.

Featured image courtesy of Shutterstock. 

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Cryptocurrency Analysis: Bitcoin Tests $6000 as Market Settles Down

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Bitcoin is in the center of attention yet again, as the most valuable coin is knocking on the door of the $100 billion level in market capitalization. The coin touched our long-term target at $6000 on several exchanges, but it’s now trading slightly below the historic level.

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While the rest of the market is quiet, BTC is very active, and it could be in for a volatile weekend, as despite the long-term overbought readings, the short-term uptrend is clearly intact. That said, investors should avoid opening new positions here, and consider lowering their exposure further, while traders should only trade with smaller than usual sizes. Support levels are found at $5400, $5000, and near the $4650 level.

BTC/USD, 4-Hour Chart Analysis

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As the rest of the majors are still recovering from the recent correction, the total value of the segment is below its all-time high, with BTC’s dominance now standing at 57%. Most of the largest coins are little changed, with Monero and Liteocin showing considerable strength and IOTA still being the weakest of the majors. With all attention on BTC let’s see how the most traded altcoins look before the weekend.

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Technical Analysis: Coins Recover from Sell-Off as Bulls Remain in Control

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Following yesterday’s brief but deep correction, the major cryptocurrencies seem to be back on the bullish track, as Bitcoin is leading the segment yet again. With the most valuable coin’s dominant currently near 56%, trading in BTC dwarfs the other crypto markets. That said, most of the majors recovered well after yesterday’s rout, while Bitcoin itself reached as high as $5730 today in early trading, only a few percents off its all-time high.

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The short-term setup is encouraging for bulls, as the coin cleared the overbought short-term momentum readings while remaining inside the rising trend. A rally towards the long-term target at $6000 is still likely, despite the stretched long-term picture. Support levels are found near $5400, around the $5000 level and at $4650.

BTC/USD, 4-Hour Chart Analysis

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Ripple settled down somewhat in early trading but it turned volatile again later on, and the coin is still underperforming the broader market, while Ethereum bounced back well above the $300 level, remaining well below its recent highs. The rest of the market is modestly higher today, although NEO and IOTA are slightly lower still showing a negative correlation with the other majors. Let’s see the short-term charts after the short volatile period.

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