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      "body": "![stc.png](https://steemitimages.com/DQma4pYpexMhRVgDqn6V4cLFQTz4GyQdaea8S8uMrAkhebP/stc.png)\nThe founder of what could be Nigeria’s first online store that accepts Bitcoin has described an experience of buying from US-based retail giant Overstock as a major factor that made him proceed with the idea of an e-commerce site. The site launches this month and only accepts cryptocurrency. Emmanuel Olorunisola says:\n\n“Shopnow.ng came to mind precisely in April when I got a list of websites that accept BTC and I was trying them out to see how they work. I stumbled on overstock.com and saw a wristwatch selling for $28 and I was excited and decided to place an order.”\n\nEnthusiastic at the opportunity presented by Overstock, it struck him as a platform that would be useful to him, as well as other Nigerians who may want to use the digital currency for payment.  There is no reliable study on the actual number of Nigerians using the currency and their pattern of usage, and Olorunisola found the shipping fee to be five times higher than the actual price of the product he had wanted to order.\n\nHowever, rather than let his disappointment at the situation weigh him down, Olorunisola thought of how to create a similar platform where people in Nigeria can pay with Bitcoin. He is aware that there will be several other Nigerians who have Bitcoin and would, at some point, want to shop and pay with the digital currency without having to worry about first converting it to Naira.\n\nSeveral factors have drawn Nigerians to Bitcoin, especially in the past year. According to Chris Ani, who provides education for newbies in the Nigerian cryptocurrency space, the current banking system “has left a lot of Nigerians unsatisfied” and the economic recession that recently shook the country has drawn Nigerians to digital currencies such as Bitcoin. He is of the view that addressing inadequate information about digital currencies is key to boosting users’ confidence for online transactions as in the case of shopnow.ng.\n\nHowever, despite the possibilities and the potentials of the e-commerce industry in Nigeria, it is not clear whether shopnow.ng will gain traction immediately with its new approach to the market.\n\nSeveral big guns such as Konga, Jumia, OLX and Jiji already dominate the market. The acceptance and promotion of the use of Bitcoin is the niche that could make the difference.\n\nBoxes image via Overstock.com\n\nSource: Cointelegraph",
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      "title": "Ethereum Classic Price Technical Analysis: Trying to Settle Above $18 Mark",
      "body": "![Ethereum-classic-price-analysis.png](https://steemitimages.com/DQmazD2aeYPypKC3SsSAZqgqqFCRkDRN4DrGn35675u4krC/Ethereum-classic-price-analysis.png)\nEthereum classic price gained traction recently against the US Dollar and Bitcoin, and ETC/USD is now looking to settle above a key resistance.\n\nKey Highlights\n\nEthereum classic price after a downside move towards $14.80 against the US Dollar found support.\nThere was a break above a bearish trend line formed at $17.25 on the hourly chart (data feed via Kraken) of ETC/USD.\nThe price is currently hovering near key resistance level of $17.60, which holds a lot of importance.\n \n\nEthereum Classic Price Pivot Area\n\nYesterday, there was a failed attempt to move above $18 in ETC price against the US Dollar. As a result, the price moved down and traded below the $16 level. However, the last swing low of $14.80 was not tested, and a low was formed at $15. The price bounced sharply and remained shy of forming a double bottom near $15. However, the pattern is still bullish as the price had moved above the 23.6% Fib retracement level of the decline from the $21.10 high to $15.02 low.\n![eth.png](https://steemitimages.com/DQmS9fvtqk475YRo5G3eKBQtiiRWvGCMMTGywuoMwDCnQuf/eth.png)\nDuring the upside move, the price broke the $17.60 resistance, but there is no proper close above $18. The momentum was such that the price broke a bearish trend line formed with resistance at $17.35 on the hourly chart. However, the upside move was prevented by the 100 hourly simple moving average near $18. Moreover, the 50% Fib retracement level of the decline from the $21.10 high to $15.02 low also prevented upsides.\n\nThe price retreated from the 100 hourly SMA at $18 and now moving back towards the broken trend line. ETC needs to settle above the $17.60-18.00 pivot if it has to overcome all selling odds and move towards $22 in the near-term.\n\nHourly MACD – The MACD may move back in the bearish zone.\n\nHourly RSI – The RSI is heading lower towards the 50 level.\n\nMajor Support Level – $16.20\n\nMajor Resistance Level – $18.00\n\n \n\nDisclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. Altcoin Today does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.",
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      "body": "Miners, the development community and businesses have finally agreed on a scaling solution. Over 63 percent of bitcoin’s hash power is now signaling for the activation of Bitcoin Improvement Proposal (BIP) 91 or Segwit.![Screen Shot 2017-07-19 at 12.01.43 AM.png](https://steemitimages.com/DQmXudpqijheT6JBaCGfyzyCNxD8ULZEjaHzJXRZxHaBTQp/Screen%20Shot%202017-07-19%20at%2012.01.43%20AM.png)\n\n\n\nSince early July, traders and investors have panicked due to the possibility of a potential hard fork execution and chain split, an event in which the bitcoin blockchain splits into two and creates two bitcoins.\n\nHowever, since then, the scaling debate has seen significant progress, mostly because of the pressure of the community’s user activated soft fork (UASF) proposal and Barry Silbert-led Digital Currency Group’s Segwit2x proposal.\n\nThe general consensus amongst the community and industry in regard to the codebase of Segwit2x was that it was not ready for activation, production and implementation. It lacked testing and the timeline was highly unrealistic. As a result, the mining community has agreed on activating BIP 91, a solution created by James Hilliard\n\nBIP, also known as the “Reduced threshold Segwit MASF,” is very similar to the original Segwit Bitcoin Improvement Proposal. The difference is that it allows miners to activate Segwit with a majority threshold that is lower than 95 percent.\n\nThe motivation of the BIP 91 was that the redeployment of Segwit will require significant testing and will ultimately delay the activation of Segwit, which is a viable and practical solution to many existing problems.\n\n“This BIP provides a way for a simple majority of miners to coordinate activation of the existing segwit deployment with less than 95% hashpower. For a number of reasons a complete redeployment of segwit is difficult to do until the existing deployment expires,” the BIP 91 proposal read.\n\nLike Segwit2x, BIP 91 allows miners to activate Segwit with a 80 percent majority threshold. At the moment, hash power signaling BIP 91 is at 63.2 percent.\n\nBut, the more important aspect of the hash power signaling BIP 91 is that Bitmain’s Antpool, Bitcoin.com and BTC.com, which were all against Segwit, are signaling for Segwit. Miners are now convinced and motivated to activate Segwit as a short-term scaling solution and work towards a new scaling solution in the future with sufficient time to test new software and codebase.\n\nExperts including Blockstack co-founder Ryan Shea also emphasized that Segwit is like a “Swiss Army Knife” of a solution because it fixes most of the problems bitcoin and bitcoin-based platforms are currently struggling to deal with.\n\n“Anyway, “Segregated Witness” or “SegWit” is a Swiss army knife in terms of benefits. It leads to improvements on so many levels it’s actually surprising. It’s really, really good. So good that it’s worth listing out all of the benefits. It fixes the substantial transaction malleability problem once and for all, enabling second-layer scaling solutions like Lightning. It 1.7x’s the # of single-signature transactions per block and up to 3.7x’s the # of multi-signature transactions per block.” said Shea.\n\nBitmain and other mining pools previously introduced their intention to hard fork the bitcoin network and create a new persistent blockchain network. However, it has become evident that a hard fork will not be executed and a new blockchain network will not be created because Bitmain and the rest of the mining community have agreed to the activation of Segwit via BIP 91.\n\nUnlike BIP 141, the original Segwit proposal, BIP 91 does not have an established due date. Hence, Segwit can be activated as soon as the majority hash power hits 80 percent. The hash power supporting BIP 91 increased from nearly zero to 63 percent within days. The possibility of hash power signaling BIP 91 increasing to 80 percent within this week is exceptionally high.\n\nThe market has already started to react to the mining community’s move to BIP 91. Bitcoin price has increased from $1850 to $2230 within 2 days.![Screen Shot 2017-07-19 at 12.01.43 AM.png](https://steemitimages.com/DQmXudpqijheT6JBaCGfyzyCNxD8ULZEjaHzJXRZxHaBTQp/Screen%20Shot%202017-07-19%20at%2012.01.43%20AM.png)",
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