We analyse 186 sources, 183877 news
Putin Issues Cryptocurrency Regulation Adoption Mandate
HIGHLIGHT

Putin Issues Cryptocurrency Regulation Adoption Mandate

Russian President, Vladimir Putin, ordered the government to ratify and enforce federal laws pertaining to cryptocurrency with 1 July 2019 as the deadline; introduced amendments to AML laws
Crypto Exchanges Update: OKEx Amplifies Leverage and Binance 'DEX' Reduces ‘Issue’ and ‘List’ Fees
HIGHLIGHT

Crypto Exchanges Update: OKEx Amplifies Leverage and Binance 'DEX' Reduces ‘Issue’ and ‘List’ Fees

OKEx implemented adjustments to increase leverage on margin trading to 5x on leading trading pairs in its platform. Binance decreased token fees on its decentralized exchange testnet
Electroneum Introduces a Smartphone that Rewards Users with ETN
HIGHLIGHT

Electroneum Introduces a Smartphone that Rewards Users with ETN

The newly launched M1 is Electroneum’s Android-based smartphone that incentivizes users with Electroneum tokens (ETN). ETN can be used to purchase airtime and data, and also for shopping. An M1 costs $80 and is said to be initially available only in South Africa
Hot

Bitcoin.com Just Rebranded – Check out Our New Look

You may have noticed that Bitcoin.com is looking a little different. We’re excited to unveil our new look after six months of hard work. Our domain has a long history, and as a company we’ve grown a great deal. After consideration of the crypto future ahead of us all, we decided to reshape Bitcoin.com’s design to present a greater image of things to come. Also read: How to Exchange Your Amazon Gift Cards for Bitcoin Cash Bitcoin.com’s Revamped Design Is Here Operating the domain Bitcoin.com has been a wonderful experience and we’re pleased to give our visitors the very best services when it comes to the growing crypto industry. Bitcoin.com is a very unique website and most people don’t know but the domain was registered in January 2008, a whole year before Satoshi unleashed his invention on the world. Bitcoin.com’s home page. Since then, Bitcoin’s first angel investor, Roger Ver, took over the website in 2014 after it passed through many hands. Ver began to mold the web portal into a site that offers educational resources, news, and unique tools that help people use bitcoin. When we first created the Bitcoin.com brand, our website was much simpler. Over time, however, we added a plethora of tools, services, and resources that provide our visitors with everything they need to jump into the crypto ecosystem. In order to match the consistency of the powerful resources Bitcoin.com offers, we refined our design with a new logo, colors, and themes. Check out Local.Bitcoin.com, the private, peer-to-peer BCH marketplace. You will probably notice our logo is missing the Bitcoin symbol. When redesigning the website, we decided it was best to distinguish Bitcoin.com from the various Bitcoin cryptocurrency networks out there today. The intention of the new logo is to prevent users from any potential confusion from the domain name mixed with the old logo. Moreover, after five years and the craziness of 2017, we felt it was time to update our appearance and express ourselves as a company that fosters innovation. You will notice that the new color scheme is more contemporary and reflective of the evolving industry we’re in. Every section of the website has been revamped to highlight our services such as the Bitcoin.com Wallet, Local.Bitcoin.com, cloud mining, Markets.Bitcoin.com, daily news, Buy.Bitcoin.com, bitcoin cash games, BCH developer SDKs, and our block explorer. Learn the basics of Bitcoin. With our growing number of bitcoin cash resources, tools, and services it made sense for our branding to change too. During the design launch, Bitcoin.com CEO Roger Ver stated: The rebrand is a bold new chapter for Bitcoin.com. It’s an invitation to everyone out there: let our products show you how economic freedom can empower you. Keep up to date with the latest crypto market price action at Markets.Bitcoin.com with the top 500 cryptocurrency market caps. Improving the Overall Visual Experience of Bitcoin.com For six months we’ve tirelessly worked on our brand and website design in order to present a cohesive visual interpretation of our company and its crypto evolution. Today, we’re thrilled to unveil our new brand and show off all the hard work we’ve put into every facet of the web portal. When you visit our landing page you will see the fresh new look accompanied with great resources on getting started with bitcoin basics. Mine bitcoin without having to buy equipment. The homepage also includes guides on learning how to accept borderless BCH payments, access to our local BCH marketplace, a merchant directory so you can spend BCH online and in-store, and learn to mine bitcoin without technical knowledge or owning machinery. The new design gives us a better visual identity so we can continue to provide awesome looking charts, crypto market valuations, the latest news stories, podcasts, and videos. Look up bitcoin cash (BCH) and bitcoin core (BTC) transactions using our block explorer. “Bitcoin is designed to be usable and accessible for all — Our new color palette, in addition to our products and tools, reflects that principle,” Bitcoin.com Head of Design Andrew Todd remarked during the launch. “Reimagining our brand, we took a step back and identified our values. With universal accessibility being our most important value, we set out to create a color palette that would not only resonate with people and help create a lasting identity, but would work seamlessly across devices, in different environments, and for people with visual impairments.” Todd continued: Our new logo also exemplifies accessibility. It consists of bold and legible ‘Bitcoin.com’ logotype paired with a clean grid of blocks, which is representative of the intended scalable nature of Bitcoin blocks themselves. Color-wise, we have the brightest green moving in an upward-right trajectory, showing constant growth — This is finished by tight kerning of the Bitcoin.com lettering, reinforcing the solidity of our brand. Start accepting bitcoin cash (BCH) today and get help getting started with our merchant solutions. It was important for us to update our brand to make it easier for you, the visitor, and we think the new design improves the overall experience and usability of the site. While the aesthetics of the brand were a large factor, we are still molding Bitcoin.com to be the perfect place to gain information and resources on all things bitcoin-related. We plan to continue to adding to the features of our web portal and we think the new style fits perfectly with the bright future ahead. So if you are just noticing the new changes, take a look around and explore Bitcoin.com in a whole new light. What do you think about Bitcoin.com’s revamped brand and image? Let us know what you think about this subject in the comments section below. Image credits: Bitcoin.com Want to create your own secure cold storage paper wallet? Check our tools section. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely. The post Bitcoin.com Just Rebranded – Check out Our New Look appeared first on Bitcoin News.
Bitcoin News

Crypto CEO: Launch of Facebook Libra Could Boost Bitcoin (BTC) Past $10,000

June 18th is nearing, and that means that Facebook’s crypto asset, expected to be nothing like Bitcoin (BTC), is on the verge of becoming full public knowledge. For those who missed the memo, reports released by TechCrunch and other mainstream outlets revealed that the social media giant was planning on releasing a white paper for “Libra” or “Globalcoin”, as the project is known as, on the 18th. Related Reading: Family Offices Pour Billions Into eSports, Can Crypto be Next? With this, industry commentators have come out of the woodwork to express their thoughts on the subject matter. And interestingly, some are divided on whether the release of this cryptocurrency will be bullish or bearish for the industry. Most, however, are sure that Libra’s foray into the mainstream will be unequivocally positive for Bitcoin and its altcoin brethren. Facebook’s Crypto to Boost Bitcoin Sky-High According to a recent tweet from Jeremy Allaire, the chief executive of Circle, the launch of Libra (whitepaper) will be a “massive inflection point in [the] global adoption of cryptocurrency.” Infusing the space with a nice dose of FOMO, the prominent entrepreneur adds that by June 21st, he fully expects for Bitcoin to be valued at $10,000, “marking [the] start of Crypto Summer.” Crypto market rallying (again) ahead of Libra launch, marking a massive inflection point in global adoption of cryptocurrency. BTC > $10k by June 21st, marking start of Crypto Summer. — Jeremy Allaire (@jerallaire) June 15, 2019 While $10,000 may seem like just a nice round number, many see it as a key level to watch. According to Fundstrat Global Advisors, once Bitcoin reaches $10,000, “Level 10” FOMO will grace this market, which last occurred when BTC blipped above $4,500 in late-2017. If history is any guide, the cryptocurrency market will shoot even higher once $10,000 is breached. As Lee wrote on Twitter earlier this month, “[$10,000] will see FOMO from those who gloated about the 90% crash in BTC… and those who saw Bitcoin dead as forever.” While Fundstrat has long had its eye on the $10,000 price point, its analysts never indicated a price target — until now anyway. In a recent podcast with Binance’s chief financial officer, Wei Zhou, Lee explained that once $10,000 is breached, all hell will break loose for the cryptocurrency market. This corroborates the aforementioned analysis of this nascent market’s “FOMO levels”. Per CCN, which reported on this first, the Wall Street analyst stated that once $10,000 is breached, there will be a “fast and furious” move to $20,000. And from there, Bitcoin will double in the next five months, reaching $40,000 in a jaw-dropping move. Some Beg To Differ There are some that rebut this cheery sentiment about Libra, however. Peter Schiff, a prominent gold investor and libertarian-leaning economist, ventured that Facebook’s latest project will be “bad news” for Bitcoin. Schiff, who has debated crypto pundits like Erik Voorhees and Barry Silbert previously, adds that Facebook will be targeting the unbanked in “nations with high inflation (Venezuela, for instance)”, thus threatening the biggest medium of potential BTC adoption. The prominent cryptocurrency critic, who sides with the belief that BTC has no intrinsic value as is not better than hard gold, adds that Libra will likely be much stabler, cheaper, and more easy-to-use than Bitcoin. Indeed, there are reports and individuals stating that the Facebook play will involve very low fees, fast transfer times, and a level of stability not seen with Bitcoin, in that this new cryptocurrency will be pegged to a basket of traditional currencies and maybe other ‘stable’ assets. Featured Image from Shutterstock Crypto CEO: Launch of Facebook Libra Could Boost Bitcoin (BTC) Past $10,000 was last modified: June 16th, 2019 by Nick ChongThe post Crypto CEO: Launch of Facebook Libra Could Boost Bitcoin (BTC) Past $10,000 appeared first on NewsBTC.
NewsBTC

Bitcoin Hash Rate Sets New All-Time High as Price Reclaims $9k

The Bitcoin network hash rate has reached a new all-time high (ATH) as the BTC price reclaimed $9,000. Bitcoin Hash Rate at ATH Data from Blockchain.com shows that the Bitcoin network hash rate – the computing power required for securing the network – topped 62 quintillion hashes per second (62 million tera hashes per second – TH/s) this past Friday. This figure represents the highest ever hash rate value recorded on the network with the previous record being 61.9 million TH/s achieved in late August 2018. The network achieving a new hash rate ATH is in keeping with the trend observed at the start of 2019, with the figures steadily increasing over every 7-day average period. More mining nodes are active on the network creating greater security by reducing the possibility of malicious attacks on the blockchain. The 51% attack on Bitcoin Cash put in stark relief, the dangers of low hash rate figures in a blockchain network. Reaching a new hash rate ATH also likely delivers a final blow to any talk of mining capitulation that emerged when the hash rate fell by more than 45% in December. Fundamentals Continue to Reinforce Bull Market Narrative The network hash rate is but one of many core fundamentals that are currently enjoying positive growth trends. Bitcoin’s active daily addresses are back above 1 million. The increased daily doesn’t seem to have materially impacted transactions fees as the mean transaction charge is somewhere around $1.33. Using wallets with robust fee calculation figures even provide much lower fees. "nOboDY uSeS BiTcOin" pic.twitter.com/JvMaBtu0jL — Kevin Rooke (@kerooke) June 15, 2019 While the network hash rate was setting a new ATH, the spot price for Bitcoin went on another assault at the $9,000 price level. Bitcoin did temporarily cross $9,300 setting a new 1-year high for the top-ranked cryptocurrency. As pointed out by Mati Greenspan, Senior Market Analyst at eToro, network fundamentals are the best indicators of BTC price movements. And true to form, this latest price surge also happened as network activity reached new ATHs. Bitcoin is currently before off price-wise than it was at its previous hash rate ATH when BTC was trading at $6,700. In all, Bitcoin is up by almost 150 percent since the start of 2019 and has now added more than doubled its market price since the beginning of April alone. What is your end of year Bitcoin price forecast given the current positive trajectory of the network fundamentals? Let us know in the comments below. Images via Blockchain.com, Twitter @kerooke, and Tradingview. The post Bitcoin Hash Rate Sets New All-Time High as Price Reclaims $9k appeared first on Bitcoinist.com.
Bitcoinist
Virginia, USA-Based Pension Funds Invest in Crypto
HIGHLIGHT

Virginia, USA-Based Pension Funds Invest in Crypto

Morgan Creek Digital, a subsidiary of hedge fund Morgan Creek, racks up $40 mln new venture capital funding anchored by two public pension plans and a university endowment fund, a hospital system, a private foundation, and an insurance company, according to one of the firm’s founders Anthony Pompliano
DIGEST

The Perfect Time to 'Be Greedy' and Invest (Investment and Partnership Digest, Dec 20 — 26)

Traditional Investors shift to OTC Bitcoin markets, Pantera Capital raises $115M, Peter Thiel backs a $2.1M seed round for Layer1, Medici Ventures acquires shares of Chainstone Labs, Vostok Project secures $120M, Ubique Networks partners with SLT, INCX launches in partnership with Bittrex, Issuance partners with Prime Trust, Coinbase and TokenSoft partner up, TRON Arcade to work with Gumi Cryptos
DIGEST

What Is the 'Least Speculative Investment' & Who Will Create Standards for the Crypto Industry (Investment and Partnership Digest, Dec 13 — 19)

CONSOB suspends two projects, Kakao invests in Orbs, TokenSoft invests in a SEC-compliant broker-dealer, Weiss Ratings recommends to buy BTC, France wants to invest $569M in blockchain, crypto-focused VCs invest $30M in Good Money, Tim Draper invests $1.25M in OpenNode, Waves partners with TSA, ICON partners with LayerX, BitDeer teams up with BTC.com and AntPool

Bitcoin the top investment for Grayscale in the first quarter

Grayscale, a digital currency investing firm, came out with their quarter report covering different topics such as digital asset investment, performance and risk monitor and others. The company had raised $42.7 million over the last three months and trailing 12 months’ inflows amount to $266 million. Cumulative inflow by product of Grayscale for the 1st quarter Source: Grayscale From, the above graph it could be inferred that there was a drastic increase in the inflow for Grayscale from bitcoin, compared to other digital currencies like Ethereum Classic, Ethereum, Zen, Litecoin, Stellar Lumens and others. Between, 25th March and 1st April, an equal inflow of product for the company was noticed. One can also notice a bigger change from 18th Feb to 25th Feb 2019 and only goes on to increase from there. The inflow in terms of USD was the highest from 25 March to 1st April 2019, registering a few thousand short of at $45,000,000. The other coins gave a negligible inflow for the company. Weekly inflow for the Grayscale by product in the 1st quarter Source: Grayscale The weekly inflow for the company can clearly be seen in the aforementioned graph. It is easy to infer that bitcoin is the only digital asset that has again widely contributed to Grayscale. The average total weekly stood at $3,000,000. The highest weekly inflow was on 25th Feb 2019 [$11, 000,000] and the lowest was sighted on 7th Jan 2019. The other digital coins – were again seen providing a negligible contribution to the weekly inflow for the company. Weekly inflow for Grayscale by investment product as per 12 months Source: Grayscale The weekly investment for Grayscale as per the 12-month period can be inferred from the above graph. Bitcoin is still seen as a large contributor to their investment gains. On 26 May 2018, Grayscale received large gains from Zcash and on 23rd June it gained another high through a combination of digital currencies – Zcash, Ethereum Classic, Ethereum, Bitcoin cash, and XRP. The average gain stood at $5,000,000, the highest gain was recorded on 14 July 2018 and the lowest on 5 Jan 2019. Grayscale was not the only firm that received such positive results for their investment. Coinbase Custody too experienced the same, after their recent visit to the UK, they had revealed that their platform has an asset under custody of $1.3 billion which could soon touch $2 billion. The post Bitcoin the top investment for Grayscale in the first quarter appeared first on AMBCrypto.
AMBCrypto
DIGEST

Completed, Ranked, Ordered (Weekly Digest, Feb 25 — Mar 01)

Ethereum Constantinople: completed, Tesla or BTC, China and Coinbase Pro praising Tron, Russia to finally decide on crypto, successful investment rounds despite the crypto winter, Japanese major securities brokerage to pass a review, Swiss bank to provide crypto-related services, Coinomi's pledges of security
MEW Integrates with Bity for Crypto-to-Fiat without KYC
HIGHLIGHT

MEW Integrates with Bity for Crypto-to-Fiat without KYC

Users of newly redesigned MEW V5 can now swap bitcoin or ethereum to Swiss francs or euro, direct from the wallet, through crypto finance platform Bity. The maximum amount for crypto-to-fiat exchange is 5,000 Swiss francs (CHF), approximately $5,000. Know-your-customer verification is not required
DIGEST

Under Control (Regulatory Digest, Feb 14—20)

Updates on Shift Card, Bank of Lithuania and ETF rules in Indonesia, police to tackle some crimes in Canada India and Turkey, IIT Bombay to join Ripple's UBRI, UAE waste permit portal on blockchain, Germany's interest and Spain's skepticism, Oracle for Czech SDK.finance

Regulation and Crypto - How do we move forward?

With the growing trend of major centralised crypto exchanges dramatically changing their terms of service to exclude customers from the US (amongst others), there is still a belief among the community that the same forces will combine together on decentralised exchanges (DEX). There are several reasons why this isn’t going to happen on the scale that is needed, and only compliant centralised crypto exchanges will emerge victorious. Also, this is not the first-time offshore companies and P2P platforms have tangled with regulators, so I want to recap on a few of the correlations between past lawsuits and the current situation with crypto exchanges. Online Poker In 2006 the US passed the SAFE Port Act which contained the Unlawful Internet Gaming Enforcement Act of 2006 (UIGEA), ultimately this prohibited the online gaming sites performing any transactions with American Financial Institutions. While many of the operators closed its doors completely to US customers, a few operators including the two then largest (PokerStars & Full Tilt) continued in defiance waiting for the bill . As with exchanges, poker sites rely heavily on centralised traffic to get the volume that the leaders are famous for. PokerStars, operating from the Isle of Man, had assured users that it could continue operating under the advice of their lawyers. Poker, at this time was debatable whether it was in the scope of the legislation of the bill, although the DOJ openly disagreed. By 2010 the Justice Department had spent years hunting down and prosecuting those involved in processing U.S. payments for PokerStars and other offshore websites. Then in early 2011, known as BLACK FRIDAY, the justice department intervened decisively, freezing funds around the world. This included 75 bank accounts associated with the gambling firms, including Swiss accounts linked to PokerStars companies. A little more than a year after Black Friday, PokerStars paid $547 million to settle the Justice Department’s civil claims , without admitting wrongdoing or liability. As part of the deal, it promised to never again take U.S. poker players’ money and to ensure that then owner, and still a fugitive, Isai Scheinberg – was no longer directly involved in running the business. What does this have to do with exchanges you ask? Should an exchange be seen to be operating outside of a countries law, they may be offshore and not directly answerable to that country, but if they are deemed to be turning a blind eye to money laundering, bank fraud, violating security laws etc. then the funds are NOT safu. Even without the seizures, compliant operators could be forced not to deal with funds originating from non-compliant exchanges, DEX, mixers etc. so your FIAT ramps in your jurisdiction would be effectively nullified. Given that the world currently (and for the foreseeable future) operates primarily in FIAT. The possibility of this alone would severely limit the majority interest in using these services, and resulting in little volume. P2P File Sharing vs DEXs As with using a DEX, P2P file sharing attempts to circumnavigate laws and regulations by leaving the transaction in the hands of the users. In many places this system falls over because as with most DEX, P2P file sharing platforms largely rely on a central site/operator to maintain the network/database such as KickAss Torrents and Napster. These operators can be prosecuted on the basis that if they are deemed capable of supervising/controlling any infringements or whether they stand to benefit financially. Napster in this case was deemed to be financially benefiting purely on the basis that they were gaining users and it could be used to serve future business models. This ruling throws questions over the culpability of operators such as IDEX and BINANCE DEX as they have more of a direct financial interest in their operations by giving listings and taking fees like a regular exchange does. The SEC has already landed charges on the ETHERDELTA founder for operating an unregistered exchange in November 2018, albeit a DEX. Yes, there are true P2P file sharing operators and true DEXs and they both suffer from similar issues. Primarily - speed, a true DEX cannot deliver the speed required for high volume assets and high frequency trading. Secondly, as a user of a P2P system you are not absolved of the laws regarding your transactions, you can still be prosecuted even if the operator can’t. The possibility of these two points alone will also severely limit the majority interest in using these services, and yet again less volume. Using a DEX is also not a solution for the mainstream, while P2P file sharing was very widespread and common, people were happy to take the risk for a free mp3 or movie, it mainly served a different client base to the investor community. Any serious investor (retail or institutional) coming into the crypto space will not be willing to risk a portion of their portfolio on non-complaint exchanges as regulations continue to tighten. The Resistance There will be many that disagree with compliance, mainly those that have been in the space the longest. Like the internet, its no longer the playground it was back in the early 90s as user numbers started dramatically increasing, yet here we are using the same basic tools discussing a new one. This doesn't mean the end of DEXs and underground trading. I do however think that these will not be the places where the next major IEOs are taking place and where the high volume assets will be traded. For the crypto space to continue to push through to the mainstream and get new money coming into the space so BTC could reach new highs, changes are going to happen. The ideology of the past will have to adapt, and lets not forget how tainted it is with scams, as with the early days of the internet. Trusted central hubs have been formed over the years, although they are not all without fault, they serve a purpose and have also had to adapt. The Future The next generation of exchanges will undoubtedly be taking the market share of future trading alongside with crypto-fiat services. Coinbase are one of the few major exchanges that are looking safe in the current climate of compliance. New competition will drive down the fees as well so Coinbase will have to adapt to maintain its share in the US/Europe, as with in Europe, the launch of Eterbase with integrated IBAN banking will surely shake up the industry. Exchanges that are currently side stepping compliance such as Binance, Gate.io, Huobi, and Kraken (although on May 15, 2018, Powell said that Kraken "would probably get registered as a broker dealer and then an ATS" with the SEC), will soon find themselves under more international pressure and possibly prosecution if they operate without due diligence in regulated markets. Trade Safu.
/r/CryptoMarkets
ICORating
A Comprehensive List of Dapps Catalogs
OPINION

A Comprehensive List of Dapps Catalogs

Probably, this is the most extensive compilation of all dapps aggregators and targeted lists so far
Typical ICO in Q3: a Lone Closed-source dApp Idea With Unknown Founders
OPINION

Typical ICO in Q3: a Lone Closed-source dApp Idea With Unknown Founders

On November, 16, ICORating has released its Quarterly Report ICO Market Research Q3. Total sum raised by 597 ICOs is $1,819,585,090 in Q3 (in Q2, 827 projects collected $8,359,976,282). Some more prominent facts:
Why Do We Need to Wrap Bitcoin?
OPINION

Why Do We Need to Wrap Bitcoin?

BitGo, Kyber Network, MakerDAO, IDEX and many other crypto companies partnered to create a Bitcoin-backed Ethereum token, Wrapped Bitcoin. This token will represent BTC, 1 token equal to 1 BTC stored in the custody of BitGo. It could be used to trade BTC on DEXes, the whole administration will be via DAO, similar to Maker system
DIGEST

Top ICOs Raising Funds, Week 51 ’18

Total raised funding amount on Week 51 comes to $61M, which is +64.7% in comparison with the previous Week 50 ($21.5M)
DIGEST

Top Upcoming and Active ICO Projects, Week 52 ’18

In the below list you'll find some new ICO projects which have to be paid attention to: Arcana, Dataeum. We have also prepared the list of Top ICOs that are active: Eloncity, Javvy, Envoy
DIGEST

Top ICOs Raising Funds, Week 50 ’18

Total raised funding amount on Week 50 comes to $21.5M, which is -62.2% in comparison with the previous Week 49 ($56.9M)

iFinex Buyback Could Spur Another Wave of Leo Demand, Price Up 8.2%

Leo adds 8.2 percent The public open to tracking iFinex repurchase of Leo coins Behind a surging coin, iFinex plans to open up to the public its buyback program. In an initiative called the UNUS SED LEO Transparency Initiative, the public will track how the parent company would purchase Leo from their gross revenue. Meanwhile, Leo is up 8.2 percent from last week’s close. Leo Price Analysis Fundamentals There is noticeable progress. It all has to do with BitFinex and their effort of improving transparency. Through an initiative that will allow the public to track iFinex buying back and “burning” of Leo tokens, they hope the exchange’s reputation will improve. That is even if it is in slightest margins. The initiative dubbed the UNUS SED LEO Transparency Initiative is no doubt a way of instilling confidence in an exchange struggling to accusations of commingling with Tether Limited funds to stay ashore.  Through an announcement, BitFinex said this initiative is around a “real-time token burn redemption mechanism,” adding that: “Token burn mechanism will see iFinex and its affiliates buy back UNUS SED LEO from the market, at market rates and on a real-time basis, equal to a minimum of 27% of consolidated gross revenues of iFinex (exclusive of Ethfinex), until no more tokens are in commercial circulation.” The announcement coincides with developing news that the exchange is stepping up its KYC and AML rules implementation. A user recently took to Twitter, sharing with the community an email from the exchange asking him to share additional details of his account. That, in the email, includes details and explanations of his objectives and activities. Candlestick Arrangement At the time of writing, Leo is three positions away from the top 10. Surging 8.2 percent from last week’s close, the asset is at 13th. Behind this resurgence is the fear of missing out (FOMO) that could even supersede candlestick arrangements. However, a standout in all this is the performance of an asset that is rallying at the back of solid fundamentals and drives from the issuing company. Presently, May 20 bar overshadows these bullish sentiments. The bar is wide-ranging with decent trading volumes. Despite a divergence between trading volumes and price, bulls will likely drive prices above May 20 highs. Optimism is because of the iFinex buyback program. Therefore, even if prices falter, support could be at $1.75 or worse $1.5 before buyers flow back. Overly though, fundamentals mean loading is present on every dip in smaller timeframes. In that case, fitting stops would be at $1.75 and $1.5. Technical Indicators June 10 bar leads this trade plan. It has high trade volumes of 3.9 million versus 1.3 million. Any close above its high at $1.98 could spark demand as buyers momentum drive Leo towards May 30 high of $2.5 Chart courtesy of Trading View. Image Courtesy of Shutterstock iFinex Buyback Could Spur Another Wave of Leo Demand, Price Up 8.2% was last modified: June 17th, 2019 by Dalmas NgetichThe post iFinex Buyback Could Spur Another Wave of Leo Demand, Price Up 8.2% appeared first on NewsBTC.
NewsBTC/analysis
ESSENTIAL

An STO Lifecycle: The Complete List of Milestones

How to issue a digital security, what are the steps: a brief outline of the 12 stages that a company will take to launch an STO complying with all the legal issues
OTC & Media Activity
ESSENTIAL

OTC & Media Activity

Finrazor together with ICORating conducted researches and checked the correlation between OTC and mentions of certain words and the originality of the news
ESSENTIAL

Security Token Offerings Could Disrupt Venture-Backed Tech Startups Positively

A handful of methods exist for raising capital, from private offerings to semi-public to a full-blown IPO or ICO. Now STOs are on the rise which might just be what tech startups need to revitalize the market
Why Blockchain Technology Is Here To Stay
ESSENTIAL

Why Blockchain Technology Is Here To Stay

We keep up the tradition of giving the stage to crypto advocates to talk about the cryptoindustry. This time we will review the usefulness of blockchain technology and why it deserves a say in the modern world
ESSENTIAL

Security Token Offering 101

A Security Token Offering (STO) is a form of raising capital for a startup by distributing tokens to investors. While ICOs mainly deal in utility tokens that grant their holders access to services and products associated with respective blockchains and dapps, security tokens can be thought of as digital documents representing the investor’s rights to equity, a revenue share, debt, etc. STOs provide a better investor protection as they need to be compliant with appropriate regulations
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