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Auditchain is the world's first Decentralized Continuous Audit & Reporting Protocol Ecosystem for digital asset and enterprise assurance and disclosure.
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Auditchain, the developer of the world’s first decentralized financial reporting system is partnering with ExMarkets

Auditchain, the firm credited for developing the world’s first decentralized continuous audit and real-time financial protocol ecosystem has entered into an effective partnership with the popular digital asset exchange and IEO Launchpad Exmarkets. The first phase of the Initial Exchange token will be hosted by ExMarkets on June 14, 2019. And in a bid to improve its services to its teeming customers, the company will also join the DCARPE Alliance, with the sole purpose of working together towards the implementation of the DCARPE Alliance Disclosure Framework, which will be injected into the ExMarkets Digital asset exchange and IED Launchpad. Highest Level of Transparency The alliance with DCARPE will also lead to the creation of a top tier listing category for digital assets, which will, in turn, provide the highest level of transparency using the DCARPE Assurance and Disclosure Framework. Furthermore, the company will also inject the DCARPE Explorer into its main platform, which will aid in providing real-time financial disclosure and audit analytic data to investors. Auditchain is in the final process of finalizing Partnership with other digital asset exchanges who wish to integrate the DCARPE Assurance and Disclosure Framework into their respective platforms. The taken sole is huge at this moment, as only 1,000,000 AUDT Token will be available, and mouthwatering bonuses will also be earned after the IEO. A total of three phases of the IEO will occur on three separate exchanges, users are advised to be on the lookout for more information about the exchange partnership. More on DCARPE Alliance The DCARPE alliance is a conglomerate of a global consortium of members who are in different fields. Members include Account and audit, financial reporting, legal, investment, blockchain, and the academic community. The Alliance is divided into four respective categories, which includes: Financial Reporting and Assurance Technical Legal and Regulatory and the Gatekeepers, which are the Exchanges, Tokenization and the Securitization Platforms. Auditchain, which is a leading member of the alliance, is a collaboration with the DCARPE Alliance, with the sole intention of leading a movement,  which will convince digital asset exchanges to adopt real-time assurance and financial disclosure using the DCARPE Assurance Disclosure Framework. More on Auditchain Auditchain is the brain behind the DCARPE Alliance and a leading force in Reporting Protocol Ecosystem TM for digital asset and enterprise assurance and disclosure. The firm is blessed with professionals in the accounting, blockchain and technical department who make sure that they render the best services to their teeming customers and change the ways things are being done in the industry. Website: https://auditchain.com/ Whitepaper: https://auditchain.com/Auditchain-Whitepaper.pdf Twitter- https://twitter.com/Auditchain Linkedin-  https://www.linkedin.com/company/audit/auditchain Facebook: https://www.facebook.com/Auditchain/ Youtube: https://www.youtube.com/channel/UC7NIWkYBIsPRZ26e8e2- DCARPE Alliance Website: https://dcarpe.org Twitter: https://twitter.com/DCARPEAlliance Telegram: https://t.me/DCARPE Linkedin: https://www.linkedin.com/company/dcarpealliance Facebook: https://www.facebook.com/dcarpealliance The post Auditchain, the developer of the world’s first decentralized financial reporting system is partnering with ExMarkets appeared first on ZyCrypto.
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Real Time Assurance and Disclosure for Digital Assets and Exchanges Begins This Friday, 14th June

11th June, 2019, Zug, Switzerland: ExMarkets will host the first phase of the Initial Exchange Offering for the AUDT Token for early adopters on June 14, 2019. Early adopters should register now. ExMarkets will also join the DCARPE Alliance and work toward implementing the DCARPE Assurance and Disclosure Framework into the ExMarkets digital asset exchange and IEO launchpad. ExMarkets will create a top tier listing category for digital assets that provide the highest level of transparency using the DCARPE Assurance and Disclosure Framework. ExMarkets will also integrate the DCARPE Explorer into its platform which will provide real time financial disclosure and audit analytics data to investors on the ExMarkets digital asset exchange and IEO launchpad. View a demo of the DCARPE Explorer Front End. Auditchain is leading the development of the world’s first decentralized continuous audit and real time financial reporting protocol ecosystem for digital asset assurance and financial disclosure. Auditchian is finalizing partnerships with additional digital asset exchanges who will integrate the DCARPE Assurance and Disclosure Framework into their platforms. The AUDT Token sale launches on June 14, 2019. Register your account on ExMarkets now! Only 1,000,000 AUDT Tokens will be available in this phase. Huge bonuses will be earned after the IEO. A total of three phases of the IEO will occur on three separate exchanges. Stay tuned for additional announcements about exchange partnerships. IEO Terms Price: $0.20 USD Tokens for sale: 1,000,000 Total IEO Supply: 100,000,000 Capital Raised: $2,000,000 Blockchain: Ethereum (ERC20) Currency pairs: BTC, ETH, USDC, EUR Mandatory KYC Massive “Proof of HODL” Airdrop Auditchain intends to make four (4) airdrops to early adopters of up to a total of 45,000,000 AUDT following the last phase of its IEO. The Airdrop will occur pursuant to the following eligibility conditions: 1) Wallet addresses must contain a balance of AUDT Tokens at the time of the Snapshot 2) The balance of AUDT Tokens contained in each wallet address must be identical in state to the Snapshot for each of the consecutive blocks following the Snapshot with one exception; wallet balances may increase but never decrease. In order to meet eligibility requirements, no AUDT may be moved or transferred at any time from the wallet address. Each Airdrop will be distributed to eligible wallets in proportion to their stake in the total amount of AUDT held by eligible wallets. This will be calculated using the following formula: Airdrop Amount * Number of AUDT Held / Total Number of Eligible AUDT Held = Airdrop Allocation Further Airdrop Information First Snapshot – 30 Days Following Final IEO Phase Airdrop Date – 60 Days Following First Snapshot Airdrop Amount – 4,500,000 Second Snapshot – 91 Days Following Final IEO Phase Airdrop Date – 90 Days Following Second Snapshot Airdrop Amount – 9,000,000 Third Snapshot – 181 Days Following Final IEO Phase Airdrop Date – 90 Days Following Third Snapshot Airdrop Amount – 13,500,000 Fourth Snapshot – 271 Days Following Final IEO Phase Airdrop Date – 90 Days Following Fourth Snapshot Airdrop Amount – 18,000,000 The DCARPE Alliance is a global consortium of members of the accounting, audit, financial reporting, legal, investment, blockchain and academic communities. The Alliance is segmented into four categories: Financial Reporting & Assurance Technical Legal and Regulatory Gatekeepers – Exchanges, Tokenization and Securitization Platforms Auditchain; the founding member of DCARPE Alliance is leading the development of the DCARPE Assurance and Disclosure platform along with other members in the technical category. Auditchain and the DCARPE Alliance are leading a movement to convince digital asset exchanges to adopt real time assurance and financial disclosure using the DCARPE Assurance and Disclosure Framework. AUDT Token Economics The AUDT Token is consumed through staking and spending by enterprises, CPAs, Chartered Accountants, providers of enterprise software and other service providers. Staking incentivizes uninterrupted service, enables a reduction in the cost of services of the DCARPE Assurance and Disclosure Framework and enforces a fair and balanced gamified AUDT monetary system. AUDT is also staked and consumed by subscribers to the DCARPE Explorer who subscribe to a variety of access to detailed digital asset and enterprise financial statement and audit analytics data. In addition, third party service subscriptions through the DCARPE Explorer will enable the creation of dynamically updating actionable research reports on digital assets. Remember, there are only 1 million AUDT Tokens available in the first phase, so set a reminder for the 14th of June and register on ExMarkets. About Auditchain Auditchain is the founding member of the DCARPE Alliance and is leading the development of the world’s first Decentralized Continuous Audit & Reporting Protocol Ecosystem TM for digital asset and enterprise assurance and disclosure. Auditchain is developing a public blockchain ecosystem populated with CPAs and Chartered Accountants who externally validate enterprise system and controls and financial condition on a continuous basis and in near real time. The DCARPE TM Explorer is a subscription based public block explorer that renders financial statements and audit analytics in real time to subscribers. Website: https://auditchain.com/ Whitepaper: https://auditchain.com/Auditchain-Whitepaper.pdf Twitter: https://twitter.com/Auditchain Telegram: https://t.me/Auditchain_Community LinkedIn: https://www.linkedin.com/company/auditchain Facebook: https://www.facebook.com/Auditchain/ Reddit: https://www.reddit.com/r/Auditchain/ Youtube: https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw About DCARPE Alliance: DCARPE Alliance is comprised of members of the accounting, audit, financial reporting and blockchain community. The DCARPE Alliance was formed to collaborate with its members and invite thought leadership on matters such as regulation, implementation, scaling and adoption of the DCARPE TM assurance and disclosure platform. The DCARPE Alliance will hold events and symposiums as well as educate the investment, enterprise and regulatory community about the benefits of continuous audit and real time reporting using the DCARPE TM Assurance and Disclosure platform. Website: https://dcarpe.org Twitter: https://twitter.com/DCARPEAlliance Telegram: https://t.me/DCARPE LinkedIn: https://www.linkedin.com/company/dcarpealliance Facebook: https://www.facebook.com/dcarpealliance Auditchain is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. AUDT Token is not to be used for speculation. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The Auditchain token sale is closed to US participants and participants of all countries in which ICOs are illegal. Disclosure: This is a sponsored press release The post Real Time Assurance and Disclosure for Digital Assets and Exchanges Begins This Friday, 14th June appeared first on NullTX.
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Bakkt Registers Only 28 BTC Hours After Launch As Bitcoin Struggles Sub-$10,000

ICE, the parent company of the New York Stock Exchange finally launched its hotly-anticipated futures after being delayed twice in the past before receiving the green light from United States regulators. Trading on Bakkt began on September 22 at just past 8 p.m. EST and only 28BTC trading volume has been registered up until this moment. Despite the launch of Bakkt, the king crypto has not been able to push back above $10k after weeks of trading sideways. At press time, bitcoin is trading at $9,939.44 with 0.55% losses on the day as per CoinMarketCap’s data. Bakkt’s Day 1 Lackluster Performance A few hours ago, Bakkt’s monthly and daily futures contracts were launched with the very first monthly contract trading at $10,115. This follows a series of delays, which have seen the launch of Bakkt postponed by more than a year. Bakkt started receiving deposits and withdrawals on September 6 and later announced that the bitcoin deposited in its qualified custodian, the Bakkt warehouse, is protected by an insurance policy worth $125 million. As ZyCrypto previously reported, unlike the Chicago Mercantile (CME) and Chicago Board Options Exchange (Cboe) bitcoin futures which are cash-settled, Bakkt’s futures will be settled with actual bitcoin.  However, unlike what many anticipated, Bakkt’s first-day performance has been dull. In December 2017, Bitcoin futures on CME delivered a volume of $460 million during its first week. As of now, Bakkt monthly futures have registered a volume of 28 BTC (280,000) while the daily contract has not attracted any traders yet. How Pivotal Is Bakkt To The Crypto Community? Bakkt hopes to provide institution-grade products to investors. It will provide institutional investors a secure and federally regulated platform to trade the top crypto. This will help reduce the problems with volatility and trustworthiness that have hindered widespread adoption of bitcoin – giving the asset a major boost in legitimacy. As Thomas Lee, Fundstrat Co-founder and permabull pointed out, Bakkt will “improve trust with institutions on crypto”. Bakkt is a game-changer for the bitcoin ecosystem. It is backed by behemoth companies like Microsoft’s venture capital arm M12, Starbucks, Pantera Capital, and Galaxy Digital. The entry of institutional capital into bitcoin is just the beginning. The proverbial cherry on top is the mass adoption of bitcoin as a reputable payment system. The partnership with Starbucks, in particular, is anticipated to help boost the use of bitcoin in retail as Starbucks starts accepting crypto payment. In addition, Bakkt could be a pre-cursor to a bitcoin ETF.  Bitcoin aficionados have in the past commented on how the price of gold soared after the approval of a gold ETF. It’s safe to assume a bitcoin ETF would also have a huge impact on the price of BTC if approved. However, the US Securities and Exchange Commission (SEC) has been adamantly opposed to approving any bitcoin ETF, notably rejecting all of them. For instance, VanEck and SolidX recently withdrew their proposal from SEC again, prior to October review. For Bitcoin enthusiasts, Bakkt is, for all intents and purposes, a tipping point for a bitcoin ETF. If Bakkt is successful, it could prove to be the regulatory experiment the SEC needs to see to approve a bitcoin ETF. Keep Calm Although bitcoin is trading below $10k at the moment despite the launch of Bakkt, we can all agree that bitcoin is truly maturing as an asset. Initially anticipated to launch in November 2018, many did not think Bakkt would ever get off the ground due to regulatory hurdles. Yet, Bakkt is finally here.  Bakkt is anticipating a significant number of institutional investors but it’s unlikely that there will be an immediate skyrocketing in demand. Su Zhu, the CEO at Three Arrows Capital opined that we should not expect fireworks for bitcoin price at the moment as slow adoption is more likely in the near-term: “Bakkt will be likely first a trickle and then a flood. The reality is that most regulated futures contracts get low adoption on day1 simply because not all futures brokers are ready to clear it, many people want to wait and see, the tickers are not even populated on risk systems, etc.” It remains a very interesting situation to keep eyes on to see whether Bakkt will actually attract more institutional investors and how this will impact the price of bitcoin. The post Bakkt Registers Only 28 BTC Hours After Launch As Bitcoin Struggles Sub-$10,000 appeared first on ZyCrypto.
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Tezos Price Analysis: XTZ Spikes 4.5% After Binance Listing But Can It Sustain?

Tezos saw an increase of 4.50% today and its price reached $1.11. This happened after Tezos saw a 11% hike over the past week. This latest spike is largely due to the fact that Tezos has now officially been added to Binance, the world’s largest exchange. Trading is expected to go live tomorrow (Sep 24) at 11:00 AM UTC. The cryptocurrency will be available for trade against BNB, BTC, and USDT. Tezos is now the 18th largest cryptocurrency with a market cap of $731 million. Looking at the XTZ/USD 1-day chart: Tezos has had an interesting year after breaking above the 100-days EMA in March and continuing to surge by a total of 140% to reach a high of around $1.82. The market has since moved sideways, unable to break above this resistance but has managed to remain, largely, above $1.00. Tezos now trades at resistance provided by both the 100-days EMA and 200-days EMA. From above: If the bulls climb above $1.12, the nearest levels of resistance lie at $1.17, $1.23, and $1.27. Above this, resistance is found at $1.34, $1.44, $1.54, and $1.68 (provided by the long term bearish .236 Fib Retracement). Higher resistance is located at $1.73, $1.83, and $1.97. From below: The nearest levels of support lie at $1.10 and $1.00. Beneath this, support lies at $0.96, $0.93, and $0.86 (July 19’ low). If the sellers continue beneath $0.86, support is expected at $0.81, $0.75, $0.68, and $0.61. The trading volume remains low but has seen a recent increase after the Binance addition announcement. The RSI has now rebounded higher from the 50 level which shows that the bulls are starting to take control over the momentum. If the RSI can keep rising, we could see Tezos head toward $1.20. Looking at the XTZ/BTC 1-day chart: Against BTC, Tezos suffered heavily over the past few months after dropping by a total of 70% from April’s high to June’s low. Since reaching the latter, Tezos rebounded slightly but is still trading sideways. The latest price increase caused XTZ to reach the resistance at the 100-days EMA as it trades around 0.0001121 BTC. From above: The nearest level of resistance lies at the 100-days EMA. Above this, resistance is located at 0.00012 BTC, 0.001287 BTC, and 0.000135 BTC (200-days EMA). Higher resistance is found at 0.00014 BTC, 0.00015 BTC, 0.000159 BTC (bearish .382 Fib Retracement), and 0.0001693 BTC. From below: The nearest level of support lies at 0.00011 BTC. Beneath this, support lies at 0.00010 BTC, 0.00009343 BTC, and 0.00008542 BTC. The trading volume has been low during September but has increased in today’s trading session. The RSI has also rebounded higher from the 50 level as the bulls attempt to increase their control over the market momentum. However, the Stochastic RSI is approaching overbought conditions with a bearish crossover signal suggesting the market may retrace slightly. The post Tezos Price Analysis: XTZ Spikes 4.5% After Binance Listing But Can It Sustain? appeared first on CryptoPotato.
CryptoPotato

What impact will Bakkt’s bitcoin futures have on the BTC price?

Bakkt’s long-awaited Bitcoin futures contracts are finally live. Even though Bitcoin has not experienced the volatility that it was expected, some of the most prominent analysts in the cryptocurrency industry believe that it may be a matter of time. Bakkt Bitcoin futures Bakkt, a subsidiary of the Intercontinental Exchange (ICE), announced that as of 00:02 UTC Sept. 23 the first physically-delivered Bitcoin futures contract was executed at a price of $10,115, marking the launch of its much-anticipated platform. Unlike other BTC futures contracts in the market like the Chicago Mercantile Exchange (CME), which is only settled in cash, Bakkt Bitcoin futures is settled using real Bitcoin at contract expiry. The firm is the first “federally regulated exchange” to offer Bitcoin trading services, according to Bakkt CEO Kelly Loeffler. This could allow more regulatory clarity into the industry by creating a scalable infrastructure that subsequently triggers conservative investors who have been waiting in the sidelines into adding Bitcoin into their portfolios, said James Putra, head of product strategy at TradeStation Crypto. Thus far, 28 BTC worth approximately $280,000 have already been invested into Bakkt’s monthly contracts. Although its initial volume is not what many analysts in the market were anticipating, Su Zhu, CEO of Three Arrows Capital, believes that investors could soon pour in massively. “Bakkt will be likely first a trickle and then a flood. The reality is that most regulated futures contracts get low adoption on day 1 simply because not all futures brokers are ready to clear it, many people want to wait and see, the tickers are not even populated on risk systems, etc,” stated Zhu. It is worth noting that the Chicago Mercantile Exchange (CME) Bitcoin futures contracts traded $460 million on its first week. In May this year, the CME set a record of 33,677 contracts traded on a single day, worth over $1.3 billion dollars. As Bakkt’s new trading instrument matures, the more substantial its share of Bitcoin’s trading volume will become, implied Adam Back, CEO of Blockstream.  Back said: “Bakkt adding a new way to buy Bitcoin, adds a regulated market more institutions can use. but we won’t really “find out tomorrow” as it takes time for companies to setup accounts, decide trading strategies & for volume to build. Recall CME futures open vs today’s growing volume.” The crypto-settled Bitcoin futures contracts that Bakkt is introducing into the space could be the catalyst that takes cryptocurrencies into the mainstream, bringing institutional capital and liquidity into the space, said @Rythmtrader. However, its launch does not seem to have had the impact in Bitcoin’s price to take it out of the consolidation phase it entered after nearly reaching $14,000 on June 26. Bitcoin technical analysis For over the last three months Bitcoin has been consolidating, which has led it to form a symmetrical triangle on its 1-day chart. This technical formation represents a period of consolidation before the price is forced to break out in a positive or negative trend. A move above the upper trendline marks the start of a new bullish trend. Meanwhile, a move below the lower trendline indicates the start of a new bearish trend. By measuring the distance between the initial high and low, the symmetrical triangle predicts a 34 percent target in both directions. Due to the opposing views that the symmetrical triangle presents, the Fibonacci retracement indicator can also be used to confirm the different price levels that could lead to a breakout of the pattern. A break above the 23.6 percent Fibonacci retracement area ($11,300) could result in an upswing that takes BTC up to $13,750. Conversely, a move below the 38.2 percent Fibonacci retracement zone ($9,730) could lead to a breakdown of the pattern that takes Bitcoin to test the 65 percent Fibonacci retracement zone, $6,500. Despite the tepid impact that Bakkt’s Bitcoin futures contracts launch has had in Bitcoin’s price, it will certainly improve the trust that institutions will now have about the cryptocurrency market, according to Thomas Lee, the head of research at Fundstrat Global Advisors. VanEck-SolidX recently set in motion a version of their originally planned Bitcoin ETF that has accumulated an underwhelming $41,000 since launch. As a result, it remains to be seen if Bakkt is actually able to trigger an influx of capital into the market that allows Bitcoin to reach new yearly highs as trading volume increases. The post What impact will Bakkt’s bitcoin futures have on the BTC price? appeared first on CryptoSlate.
Cryptoslate

Bitcoin Trading on ICE’s Bakkt Futures Platform Breaks $290,000 Barrier

Coinspeaker Bitcoin Trading on ICE’s Bakkt Futures Platform Breaks $290,000 BarrierEarlier today, Bakkt announced the live trading for its much-awaited Bitcoin Futures contracts. Bakkt Bitcoin Futures Contracts come with daily and monthly settlement periods along with its safe custodial solution called the Bakkt Warehouse.Bakkt Bitcoin Futures are now actively trading on ICE Futures U.S., while the Bakkt Warehouse continues to onboard bitcoinWe take our customers’ trust seriously, and are excited to serve this market— Bakkt (@Bakkt) September 23, 2019Bakkt entry to the Bitcoin market has not been a big-bang event as many might have expected! At press time, the Bakkt platform has traded 29 Bitcoin Futures contracts as per the official data with a total traded value over $290,000. According to Bakkt, the first trade execution took place at a BTC price of $10,115 after which Bitcoin slipped to $9938 levels, at press time.This soft launch of Bakkt has certainly not impressed the Bitcoin investors. However, experts from the crypto industry think that in the coming days, we can see higher institutional inrush. Experts say that we can’t estimate Bakk’ts futures contracts performance on the first day itself.This is because not all futures brokers are ready to clear the contracts on the first day. Moreover, it takes time for companies to set up their accounts, formulate their trading strategies and thus build volumes.Expert Opinions on Bakkt Bitcoin Futures LaunchLast week, popular crypto market analyst made some comparison of the Bakkt Bitcoin Futures launch with the CME Bitcoin Futures launch. In a Twitter poll, he asked his followers if Bakkt can manage to make the same impact as the CME.CME bitcoin futures traded $460 million on its first week. Current volume is around $700 million. The Van Eck fake ETF traded $0 on its first week.How much volume will Bakkt attract is a key variable for the week ahead. Would you expect Bakkt to flop or to launch successfully?— Alex Krüger (@krugermacro) September 22, 2019However, responding to it another crypto investor Ari Paul said that the nature of both these futures contracts is completely different. While CME’s Bitcoin Futures are cash-settled, Bakkt offers physical delivery for its contracts. Paul argues that physical contracts usually see a ‘gradual scale-up’, unlike the cash-settled ones.Probably a more gradual scale up since it’s physical. With CME futures, anyone with the right FCM could immediately trade on launch.— Ari Paul ⛓️ (@AriDavidPaul) September 22, 2019But I’d think the incremental demand (beyond CME) would come from people who want to buy or sell physical for delivery, at least at first. Receiving could be instant (use FCM to convert), but I kind of thinking depositing physical will be gradual.— Ari Paul ⛓️ (@AriDavidPaul) September 22, 2019Moreover, if we see the timing of the launch, the Bitcoin trading volumes during December 2017 were much higher in comparison to what they are today. According to data by Messari, the Bitcoin trading volumes today are only $367 million which shows the reason behind low volatility. On the other hand, the data by Blockchain.com shows trading volumes at $1.36 billion. Thus, only when we get a real idea of the Bitcoin price movement, we can get to know the true impact of Bakkt.Commenting on the matter further, Simon Peters, Analyst at eToro, said:“The Bakkt launch has already been priced into recent market movements, and we may see some early speculators who bought bitcoin in anticipation of the Bakkt release deciding to cash out their profits, following the popular ‘buy the rumour, sell the news’ maxim”.He further added:“For me, it’s price discovery which makes Bakkt an important and much welcome development for the community. As the platform won’t rely on unregulated spot markets for settlement prices, it will serve as a transparent price discovery mechanism to establish a better benchmark price for bitcoin going forward.”Bitcoin Trading on ICE’s Bakkt Futures Platform Breaks $290,000 Barrier
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