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Who wants Ethereum for $13? A Sudden Flash Crash on Coinbase Pro (GDAX) Sank ETH Price

The entire crypto community watched in awe as Ethereum price on Coinbase Pro (was GDAX) sank to $13,05. The price of the coin is barely above $100 today, December 6th. At the time of writing, ETH is experiencing massive losses. However, the coin’s price flash crashed on Coinbase, and the difference is more than noticeable, especially when it comes to the ETH/USDC trading pair. $ETH flashcrashed to $13 on GDAX! Filled all my low orders. ALL OF THEM. Sickeningly low! What the FUCK just happened? Who else got filled on this? pic.twitter.com/h0Kseg97ul — Cole Garner (@ColeGarnerBTC) December 6, 2018 The reasons behind such a massive price drop remain unknown. As always, there are speculations, such as the possibility of an ICO’s funds cash-out, or even a crypto whale making a mistake in placing a sell order. As a result, all the buy orders down to $13 got filled, before arbitrage makers lifted the price back to $100. This means immediate substantial profits of up to 770% to the lucky orders. To those that just sold $ETH for $10 on Coinbase, congratulations! You matched the entire bear market in mere seconds. #EfficiencyIsImportant — Zissou™ (@ZeusZissou) December 6, 2018 As we mentioned in our Bitcoin and Altcoins trading tips, placing low orders might sometimes be very wise: A successful strategy regarding this is placing very low buy orders. About a week ago a crazy dump occurred, selling off Augor coin down to 25% of its value! After a short while the market recovered slightly and anyone who had low buy these low orders could easily double or triple their investment. Placing buy orders requires special care, don’t wake up when you’re far away from the market to find your buy order is suddenly higher than the current market price. The post Who wants Ethereum for $13? A Sudden Flash Crash on Coinbase Pro (GDAX) Sank ETH Price appeared first on CryptoPotato.
CryptoPotato

EOS, Tron (TRX), Litecoin (LTC), Stellar Lumens (XLM), Cardano (ADA) Price Analysis

Losses are steep in EOS and this is partly because of block producer centralization claims and the uncertainty around Dan Larimer commitment. But while we expect bears to slow down, Tron is stable and up 22 percent in the last week. In fact, it could break and close above 1.5 cents main resistance line igniting buyers aiming at 3 cents. EOS Price Analysis The EOSIO network might be one of the fastest smart contracting platforms around but with a DPoS consensus algorithm introducing block producers or super nodes, the networks representatives now has to defend the blockchain from centralization criticism. It’s now getting worse as Dan Larimer plan to “explore” and create another cryptocurrency. Further news indicate that Starteos—a block producer, will share their rewards with users who vote in their favor. StartEOS is vote buying, sharing their block rewards to EOS tokens holders that vote for them. Let's see how long it takes for them to drop out of top 21? Vote decay takes a bit but already we can see their rank dropping since news starting coming out #3 https://t.co/wtxsCfkIsW pic.twitter.com/EHQMvY7IPu — Token State (Tokenize the World) (@tokenstate) December 4, 2018 Read: EOS Centralization Woes Return as Block Producer Offers Money for Votes Price wise and EOS slide to $1.5 would be faster more so if bears keep up with yesterday’s six percent losses. This was expected and as long as EOS/USD is stuck below $4 then we recommend trading in line with our previous trade plans, unloading EOS on every pull back. Thereafter we shall fade this plan once there are solid gains above $3.5—a level of importance in our analysis. Litecoin (LTC) Price Analysis Thing is, sellers have an upper hand and though LTC/USD is now trading 90 percent from their 2017 peaks, we expect prices to find support as long as LTC is trading above $30. At the moment, our previous trade plan is valid and before we recommend buys, we suggest patience until after there is convincing evidence of bulls involvement once there is a clear break and close above Nov 25 highs at $35. Also Read: CoinBase and PayPal – A Match Made in Crypto Heaven? Once this prints, then it could be an impetus for bulls to rally towards $50—our main resistance level as LTC/USD buyers bid to reverse 2018 losses. Stellar Lumens (XLM) Price Analysis Calgary’s NDAX is now the first Canadian exchange to avail the XLM/CAD pair. NDAX has launched an XLM/CAD pairing. NDAX is making it easier for Canadians to diversify their cryptocurrency investments by being a leader in listing new Crypto/CAD pairings.#CryptoNews #cryptocanada #CAD $XLM $XRP $BTChttps://t.co/cN7LWS9OPd — NDAX (@ndaxio) December 4, 2018 Even with this, XLM is struggling against sellers finding caps at around 20 cents and further losses that will see prices sink below Nov 2018 lows automatically invalidates our previous XLM/USD price analysis. Like before, if there are declines below 15 cents confirming Nov24 losses then Lumens might test 7 cents or May 2017 highs by the end of the year. This may print if bulls fail to penetrate 25 cents endorsing the bear break out meltdown of week ending Nov 25. Cardano (ADA) Price Analysis Perched at 10th, ADA/USD is one of the top performers in the top 10 adding five percent in the last week. This may appear positive but ADA is this year’s worst performers as bears have so far erased 2017 gains. What’s worse is that we might end up registering new 2018 lows more so if there are drops below Nov 25 lows at 3.3 cents as bears deflate our bullish outlook cancelling the Morning Star in the pattern. Like in previous ADA/USD trade plans, we suggest taking a neutral but bearish stand, buying ADA once there are high-volume bars closing above 4.5 cents. This shall trigger a wave of aggressive buyers aiming at 6 cents and later 9.5 cents as per our previous iterations. Tron (TRX) Price Analysis   TRX is up 22 percent in the last week and as TRX/USD find support, we might see the cancellation of the bear breakout pattern set in motion by Nov 19-20 break below. Ideally, we would like to see a spike in trading volumes accompanying any surge above 1.5 cents in line with our last TRX/USD trade plan. In that case, our first target will be at 3 cents with a safe stop at the lows of the breakout bar. All Charts Courtesy of Trading View Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. EOS, Tron (TRX), Litecoin (LTC), Stellar Lumens (XLM), Cardano (ADA) Price Analysis was last modified: December 4th, 2018 by Dalmas NgetichThe post EOS, Tron (TRX), Litecoin (LTC), Stellar Lumens (XLM), Cardano (ADA) Price Analysis appeared first on NewsBTC.
NewsBTC/analysis

Best ICOs for 2018 That could Turn the Fortunes Around

CoinSpeaker Best ICOs for 2018 That could Turn the Fortunes Around If you were given the opportunity of joining the league of the world’s wealthy people, what would you do with it? You would probably jump at the offer. Such opportunities are rare and any wise person would not want to miss out on it. You can still realize your dream of making it big in the world of Cryptos by taking an advantage of some of the best ICO 2018. Though the ICO market is a highly volatile terrain, this list of top ICOs is one you can leverage to invest with a lot more certainty than any investment made by you ever before! This best ICO list is categorized based on funding, ROI, QuickScore, as well as the general hype or publicity they are able to generate. 1.Block.one/EOS The Block.one ICO pulled the strings in the area of funding to successfully raise the sum of $4.1 billion on behalf of EOS, making it arguably the most funded ICO. EOS is simply a platform where scalable contracts can be performed. 2 TON (Telegram) TON is an acronym for Telegram Open Network, which emerged as the solution to issues prevalent to all cryptocurrencies. The aim of this ICO is quite simple, which is to give blockchain a common foundation, in such a way that it is easily accessible. The architecture of this project is designed to enable: Wider user base Easy to use interface Speed and scalability 3. Zilliqa Zilliqa is the ICO to beat when it comes to Return on Investment (ROI). The ICO was able to rake in as much as 1,800 percent profit from the time its ICO was conducted to the end of July 2018. Zilliqa is a platform that hosts decentralized application that takes advantage of sharding. 4. Ubex This platform is designed for advertisers who need to take advantage of smart contracts and artificial intelligence to help get their messages across to the best websites possible. With a score of 4.6, it is arguably qualified to be on the best ICO 2018 list. 5. Kodak Who has not heard about Kodak? Most people own or use a traditional Kodak camera for their photography. Today, Kodak has launched its KODAKCoin, which is designed to protect the digital rights of photographers by using the blockchain. The main ideology behind the ICO is simple: digital photographs will have the information of the creators and become traceable. Intellectual property rights are a major issue and are disrupted by political and social shakes. However, the KODAK ICO is using its token to protect the digital rights of photographers. Final Words Most times these ICOs are termed best because of the success and investment returns that are provided. Becoming successful is all about investment. Smart investing is not about the avoidance of risk but taking intelligent risk. However, you don’t have to invest in tech only when it comes to ICOs and the blockchain but you must consider the team behind it and the community the ICO springs. Best ICOs for 2018 That could Turn the Fortunes Around
Coinspeaker

Crypto Daily Recap: Top Bitcoin and Blockchain News For Today November 14th [VIDEO]

Can Connection Between Cryptos And Stocks Hurt the Financial Industry World Wide? Can Connection Between Cryptos And Stocks Hurt the Financial Industry World Wide? XRP Coin Price Grows Amid New Ripple Product Interoperability Despite Slumping Crypto Market XRP Coin Price Grows Amid New Ripple Product Interoperability Despite Slumping Crypto Market Bitcoin Investors and Traders Are Evading Crypto Taxes with a Little-Known ‘Lending Loophole' Bitcoin Investors and Traders Are Evading Crypto Taxes with a Little-Known ‘Lending Loophole' Craig Wright Talks to Tone Vays About Bitcoin Cash (BCH) Fork and How to Improve it Craig Wright Talks to Tone Vays About Bitcoin Cash (BCH) Fork and How to Improve it Crypto Experts Agree: It's Not Wise to Compare Bitcoin (BTC) to Centralized Payment Systems Crypto Experts Agree: It's Not Wise to Compare Bitcoin (BTC) to Centralized Payment Systems Imgur Photo Sharing Site Could Partner with Brave Browser's Basic Attention Token (BAT) Imgur Photo Sharing Site Could Partner with Brave Browser's Basic Attention Token (BAT) GoverMedia Plus Canada Corp Voices Desire to Buy EXMO Cryptocurrency Exchange GoverMedia Plus Canada Corp Voices Desire to Buy EXMO Cryptocurrency Exchange Canadian Court Takes Control Of $26 Million CAD In A Dispute Related To QuadrigaCX Exchange Canadian Court Takes Control Of $26 Million CAD In A Dispute Related To QuadrigaCX Exchange GMO Internet Delays Two Bitcoin Mining Rig Line Shipments, Issues Some Refunds Already GMO Internet Delays Shipments of Two Bitcoin Mining Rig Lines, With Some Refunds Already Issued Xerox Sees Patent Approval for Blockchain Auditing System to Track Electronic Revisions Xerox Sees Patent Approval for Blockchain Auditing System to Track Electronic Revisions South Korea's Myongji Hospital Implements Blockchain for Medical Healthcare Services South Korea's Myongji Hospital Implements Blockchain for Medical Healthcare Services Germany's Bitcoin Group SE All Set to Procure 100% Share in Tremmel Investment Bank Germany's Bitcoin Group SE All Set to Procure 100% Share in Tremmel Investment Bank Bank Of America Acquires Blockchain Patent For Enterprise-Grade Crypto Storage Solution Bank Of America Acquires Blockchain Patent For Enterprise-Grade Crypto Storage Solution Tomorrow's BCH Hard Fork Escalates Hash Power Mining Wars in the Bitcoin Cash Community Tomorrow's BCH Hard Fork Escalates Hash Power Mining Wars in the Bitcoin Cash Community AurumCoin (AU) Blames Cryptopia Crypto Exchange for Suffering 51% Attack, Claims Losses Over $500,000 AurumCoin (AU) Blames Cryptopia Crypto Exchange for Suffering 51% Attack, Claims Losses Over $500,000 What Ripple's Direct Competitor Steller Lumens (XLM) Had to Accomplish to Oust EOS as Top 5 Coin What Ripple's Direct Competitor Steller Lumens (XLM) Had to Accomplish to Oust EOS as Top 5 Coin China's Yunnan Province Shuts Down and Inspects Bitcoin Mining Farms for Tax Purposes China's Yunnan Province Shuts Down and Inspects Bitcoin Mining Farms for Tax Purposes World's Best Countries for Cryptocurrency Companies and Blockchain Businesses World's Best Countries for Cryptocurrency Companies and Blockchain Businesses Hermes Survey Shows a Sizeable Portion of Germany's Logistical Heads Believe Blockchain Will Enhance Supply Chains Hermes Survey Shows a Sizeable Portion of Germany's Logistical Heads Believe Blockchain Will Enhance Supply Chains Bitfury to Offer Blockchain Finance Solutions to Institutional Investors with Final Frontier Partnership Bitfury to Offer Blockchain Finance Solutions to Institutional Investors with Final Frontier Partnership
Bitcoin Exchange Guide

Miami To Host 2019 North American Bitcoin Conference January 17-18

Miami To Host 2019’s North American Bitcoin Conference The seventh edition of the North American Bitcoin Conference will be held early next year in Miami. As reported on news.bitoin.com, cryptocurrency and blockchain hobbyists from all over the world will meet in Miami from January 17, 2019. The conference will end the following day. The main item on the agenda will be to fast-track the mainstream adoption of blockchain technology and digital currencies. This year, the convention attracted 4,500 attendees. This, coupled up with its existence for the better part of the last decade, make it one of the most popular events in the crypto space calendar. Besides, next year’s meeting is expected to cover blockchain-based security tokens. The North American Bitcoin Conference is part of the World Blockchain Forum series. Similar to its contemporaries, it is often graced by leading entrepreneurs from the financial and technology industries. For instance, the 2019 edition will feature founders of projects which raised a total of $18.1 billion through ICO token sales. In addition, previous conferences were covered by reputable news sources such as The New York Times, Forbes, Bloomberg, and so on. As expected, the speakers will talk about investing in the crypto space and associated matters, including ICOs, legal frameworks, and the impact of decentralization on the global economy. The North American Bitcoin Conference is organized by Keynote, which is led by Moe Levin. Concerning this, Levin said that the meeting seeks to influence its attendees into making wise investment decisions. He added that the meeting will analyze project whitepapers so that the attending crypto investors can get a better understanding of their prospective investment areas. Levin concluded by saying that crypto enthusiasts will get the opportunity to meet leaders from leading blockchain companies. Tickets for the North American Bitcoin Conference can be acquired from btcmiami.com/tickets.
Bitcoin Exchange Guide

Token Logic ICO: Safe Initial Coin Offering Crypto Investment Deal?

What Is Token Logic? Token Logic is an ICO cloud investment platform where users could make and monitor their investment plans using the best financial insights in the market and the highest chances of financial success, which is attributed to the implementation of Advanced Artificial Intelligence. The platform carefully monitors the ICO landscape to ensure that all investors maximize their income through wise ICO investments. Token Logic will equip its users with basic investment knowledge that they can use to tap into the platform’s profitability as well as increase their ICO knowledge, turning them from beginner investors to experts. How Token Logic Initial Coin Offering Crypto Investment Deal Works There are various investment plans on Token Logic that are designed to suit the diverse needs of each user. All the investment plans run for 30 – 50 calendar days and include the interest in the daily payment. Every investment on Token Logic is guaranteed to earn a daily total return of up to 150% combined with a net profit 50%. The investment plans are categorized into Starter, Advanced, and Superior investment plans. The starter plan generates 3% profits for 50 days, while the advanced plan generates 3.75% profits daily for 40 days and the Superior investment plan generates 5% daily for 30 days. The flexibility of Token Logic means that the investment plans can be applied to multiple ICO investments depending on the preference of the investor. Token Logic Deposits And Withdrawals Deposits to the user’s Token Logic account can be made using multiple cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Doge, and Dash. Withdrawals request made in Bitcoin, Doge, and Litecoin will be processed instantly while withdrawals using all the other coins will be processed in 24 hours. Apart from investments, users can make their Token Logic experience profitable in other various ways that include the Affiliate and Bounty programs. The Structured Affiliate program will provide the users with a means for earning additional profits by referring new users to invest and earning 4% commission on any investments that their referrals make. The Token Logic Bounty Campaigns involves users completing tasks listed on the Bounty page to gain extra rewards. Token Logic Benefits Risk Avoidance Through using the Token Logic platform and joining Token Logic’s vibrant global community that has numerous benefits, users can gain ICO profits and access daily interest rests as well as avoid some of the endless pitfalls that new investors are likely to face when investing in ICOs. Experienced Team Token Logic is made of world-leading blockchain startup analysts, investors, and forecasters who disperse investments across the most profitable ICOs and enable the ICO investors to make expert investment moves and decisions that are secure and highly profitable. Industry Leading Interest Rates Token Logic has multiple investment options that accrue leading daily interest rates and enable the investors to enjoy instant withdrawal of their funds at any time. Token Logic Community Token Logic will create a vibrant global community where ICO investors can meet and likeminded individuals can meet, network, or share investment ideas and opinions. Besides, the platform has global customer inclusivity and anyone can join the worldwide community of investors and start investing and earning profits.
Bitcoin Exchange Guide

How to Promote an ICO Without Being a Spam Bot

Let me run you through a scenario that a lot of founders in the crypto space find themselves these days.You have spent countless hours and invested personal savings into a startup that is based on a tokenization model. If it gains traction, your startup could create a whole new marketplace for users, or innovate an industry that has not kept pace with the implications of the crypto-boom and decentralized ledgers.Because your business model relies on tokenization, you decide to pursue a round of funding by hosting an initial coin offering. It’s probably a wise move. Many high-octane companies have raised millions through ICO’s when they were just kernels of an idea. Despite a lot of shady dealings in ICO markets over the past couple of years — and strict regulatory guidelines from the SEC — they remain an excellent way for founders to raise money for their startups by connecting with the public and the investor community.But then the reality set’s in. It’s not only about the brilliance of your business idea. It’s about how you present your startup to the public and investors. The question is: How do you ensure your ICO does not get lumped into the ocean of scam-like token sales? Guess what — it all comes down to how you promote your ICO.How to Promote an ICO Effectively Without Resorting to Spam Bot TacticsPublish Dates on Popular Calendar SitesYou want to start by informing your target community about your planned date to sell tokens. There are many calendar sites out there, but only some are reputable. In other words, you don’t want to go out and automate an email to every single calendar site you can find with your information. There puts your product in front of the wrong types of investors and would constitute what we’re calling ‘spam bot’ outreach.Instead, you want to collect the highest authority calendar sites and focus on them. These are sites like Coinschedule.com, Cyberfund, or ICOCrowd.com, and others of this quality.Here is what the homepage of Coinschedule looks like right now:In terms of the content you want to share, the more the merrier is the right approach here. If you give some context about your token sale in a few bite-sized chunks on the calendar site itself, then journalists will be able to share details of your project in their lists of top up and coming token sales.Here is an example of a well-written description:And here is an example of a description that lacks substance:Use Professional Groups and PlatformsThe biggest asset about ICO fundraising is that you can find investors in a lot of places. The challenge is getting the value of your startup idea across to potential investors. It works very much like a marketing campaign in that you have a target audience, popular channels that your target audience frequents, and a publication strategy aimed at driving interest in your ICO.The best place to start is by sharing the ICO in your online community — the groups that you already frequent, or that your company has a solid profile on already. Usually, this means professional LinkedIn groups, LinkedIn direct mail outreach, Medium, Quora, and Facebook groups. You want to share the same update in all of them.What exactly should you share? This is a tricky question to answer out of context. While it always depends on the company, usually a content publication campaign helps to spread the word about the unique value proposition of the tokens. A dual strategy of content publication plus targeted outreach promoting the day of the ICO is pretty common because it is effective and affordable. Just remember: don’t use automated outreach tactics on LinkedIn or Facebook. Make real connections and send unique emails to the right people. There is no shortcut to forging quality relationships!Develop a PR StrategyInterest in crypto projects is booming, and there are a lot of platforms that will share information about companies upcoming ICO if they are approached in the right way. Landing a sync on Coindesk is usually the goal here, but it’s a fool’s errand without a solid PR strategy.Popular publications like Coindesk get thousands upon thousands of requests every single day to publish information about upcoming ICOs. As you probably know, they tend to ignore the majority of them, choosing instead to promote stories they receive from PR agencies they have a long-term working relationship.While landing on Coindesk is not necessarily out of the question, there are other outlets that can yield far better bang for your buck. One place to start is to author interesting content around your product (like a white paper, for example) and use them as assets in a PR campaign. While it might require you postponing your ICO until enough people know about you, it will increase the likelihood that you hit your token sale goals.Stick to Your GunsIt’s never easy to raise funding for your startup. Startups operating in traditional currency face an uphill battle to raising private investor money in a seed round. Startups operating in the crypto-currency market can look to both the public and private investor communities for investment, but bad actors operating in the crypto market have pierced public trust in ICOs. Founders looking to pursue ICOs need to be vigilant in their promotional efforts by sticking to the strategies above.How to Promote an ICO Without Being a Spam Bot was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Hackernoon

The Tokenised World Of The Future

The most optimistic and prophesying minds in the industry are envisaging a future ‘tokenised world.’ A world where anything from traditional financial assets to real estate, public and private votes, and genetic data, will be ‘tokenised’ – which essentially refers to the transfer of the value of underlying assets from paper or electronic form to a digital version. With the principal obstacles to cryptocurrencies and new financial technologies having made themselves abundantly clear over the past few years, a number of players in the ecosystem think they have found the solution in security tokens. They may just be right, and, as we enter the last quarter of the year, it seems wise to keep an eye out for developments in the security token ecosystem. The evolution of trade and securities In order to fully understand what is at hand when we talk about security tokens, or tokenised securities, which is the term some in the industry prefer, a brief reminder of the role and evolution of securities in the way society has conducted business and trade throughout history can be of valuable help. During the medieval period, Italian merchants began to use what is known in accounting as double-entry bookkeeping. This was in response to the perils attached with travelling with large amounts of money, and what it did is it allowed merchants to avoid taking that risk. Instead, they kept a synchronised record of every accounting transaction. Eventually, this led to the creation of what we know as banks. Further down the line, as the Portuguese, Spanish, Dutch, French, and English began to conduct commerce around the oceans of the world, mechanisms were put in place in order to allow for investment into costly sea voyages that could last several years. It is in this context that the Amsterdam Stock Exchange was established in 1602 by the Dutch East India Company. The first of its kind, it became a place where merchants from all over would come and exchange and buy and sell bonds and stocks, and where small shares in various companies were available, thus creating an unprecedented degree of flexibility for investors, who could mitigate risk by diversifying their investments. Historians have credited this as the breakthrough in the emergence of secondary markets. Fast forward to the twentieth century and the Wall Street Crash of 1929 – which was the culmination of a decade of companies selling securities based on promises of large profits backed by inadequate and fraudulent information – and we have what prompted the setting up of what forms the basis of modern securities laws in the United States (US). The Securities Act of 1933 was followed by the Securities Exchange of 1934 and the consequent establishment of the Securities and Exchange Commission (SEC). Regulations and rules have since consistently grown in volume due to recurrent fraud. The financial crisis of 2007-2008 marked another watershed moment, with the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 further raising the costs of regulatory compliance. Blockchain has thus emerged in a climate where we are only too aware of the potential dramatic repercussions of operating in an unregulated financial environment. What all the aforementioned developments have in common is a motivation to make trade and securities safer, more efficient in some cases, as well as, and very importantly, up-to-date with their own times. Security tokens are no different. The situation today: differentiating utility tokens from security tokens Unfortunately, events over the past year in the crypto ecosystem have only served as reminders of the dangers of bypassing regulation and being non-compliant. In particular, the boom in initial coin offerings (ICOs) has been marred with controversy. So far this year, the total amount of funds raised via ICOs stands at over $20bn, more than four times the amount of capital that was raised the same way in 2017. Diar, an institutional publication on digital currency, assets, payments and regulation, has recently revealed that “70 percent of tokens are now valued at less than what was raised during their ICO.” Considering that there have been hundreds of ICOs over the last couple years, this is a damning statistic. With ICOs, companies offer tokens in exchange for funding capital based on the promise of a future product or service. These are known as utility tokens. By avoiding classification as a security – which the SEC defines using the ‘Howey Test’ – companies avoid numerous regulatory constraints on who can invest in their tokens and how these can be exchanged. Ethereum’s ERC-20 token standard has been very important for the proliferation of ICOs, since it allows tokens to be launched without having to build a new blockchain. There is a concern that Ethereum is limited by the number of transactions it can run, and whether or not it would be able to act as a public blockchain that can support an app with a billion users, which is what many hope to see one day. The bigger concern relates to the ambiguity around ICOs and their so-called utility tokens. Many recognise that most utility tokens are in fact securities, this point has been reiterated time and again by the SEC chairman, Jay Clayton. Back in July 2017, Clayton said the following: “Merely calling a token a ‘utility’ token or structuring it to provide some utility does not prevent the token from being a security. Tokens and offerings that incorporate features and marketing efforts that emphasise the potential for profits based on the entrepreneurial or managerial efforts of others continue to contain the hallmarks of a security under US law.” Later, in February 2018, the Trump appointee came out with the following remark: “I believe every ICO I’ve seen is a security.” In spite of these damning statements, utility tokens should not be written off just yet. Efforts are being made in Europe to accommodate them. This summer, Malta published a trial version of its financial instrument test, which is designed to clearly define when assets derived from ICOs constitute securities. Nonetheless, there is a growing conviction that the future lies with security tokens and security token offerings (STOs). Many in the ecosystem, like Trevor Koverko – CEO of Polymath, a platform that provides compliant and registered security tokens – and Anthony Pompliano – founder and partner at Morgan Creek Digital, a multi-strategy investment firm that provides blockchain technology and digital assets for institutional clients and wealthy family offices – see this as a multi-trillion dollar opportunity. Although the time frame for this is certainly up for debate, considering the immaturity of the crypto-market, there are many aspects of security tokens which suggests they will play no small part in helping the industry on its path to maturity. The benefits of security tokens Security tokens are built to work within traditional finance, and thus to be compliant and regulated, whilst retaining the many advantages that are offered by blockchain and tokenisation. Below is a non-exhaustive list of some of the advantages that security tokens offer: Liquidity: Liquidity can be defined as the degree to which assets can be bought, sold, and exchanged, whilst maintaining a stable price. Many of the evolutions referred to in the opening section of this piece directly aimed at offering greater liquidity as the markets of the world became larger and more interconnected, thus showing the potential place of security tokens in the evolution of the world economy. Jeffrey Sweeney, Chairman and CEO of US Capital Global echoed the sentiments of many when he wrote in a piece for The Fintech Times that security tokens “promise even broader participation [than IPOs or secondary market trading in private securities] and greater liquidity through more efficient primary and secondary market trading.” Many of the benefits associated with security tokens fall into the broader category of liquidity. Automation and smart contracts: Smart contracts are programmable computer codes that are self-executing and built into tokens. They can automatically decipher who is qualified to purchase or repurchase a security, depending on their credibility or on their country of residence. They also embed directly within the token itself your rights and preferences as a shareholder. Effectively, they make your tokens ‘smarter’ and thus carry a host of implications, like faster settlement times. But, as a research report by EY into ICOs last year commented, the programme code of smart contracts “can contain errors or latent terms.” Fractionalisation of ownership: Fractional ownership is nothing new, however blockchain and tokenisation certainly make it easier for assets to be divided up into shares, which can be affordable for people in society who have less investable wealth than others. Lower fees: A significant number of the fees associated today with financial transactions are due to ‘middlemen’ (bankers, lawyers, regulators, etc.) Thanks to smart contracts, many of the costs and complexities that come with dealing with securities may be greatly reduced. Larger investor base: A significant benefit of security tokens is that they enable 24/7 trading, with asset owners being able to trade with any individual with an internet connection. For example, this removes the constraints imposed on Asian investors who wish to invest in US private companies and real estate, but are limited by the fact that the New York Stock Exchange closing-bell rings at 4pm during the week and is closed during the weekend. Important players in the security tokens ecosystem In consideration of the potential of security tokens, a number of companies are aiming to be at the forefront of this aspect of the crypto-industry’s development. Old-timers of the financial sector are also paying close attention. As mentioned earlier, there are concerns with how many transactions Ethereum can handle and how this might prevent the scalability of security tokens. Polymath is addressing this problem by building a platform to accommodate STOs, in effect trying to be what Ethereum is for ICOs. To that end, they have built a token standard, ST-20, with KYC and AML built-in and which, like ERC-20, simplifies the operations of creating and investing in security tokens. BlackMoon has built a similarly impressive product which supports fund investment tokenisations (see BlackMoon interview in this issue of The Fintech Times). Also, tZero, a subsidiary of online retailer Overstock, which is aiming to become the first SEC-licensed security token trading platform, ended its STO in early August, but it is unclear how much of the $250m target was raised. Another promising sign is that Coinbase – a digital currency exchange which became the first billion-dollar company from the Bitcoin boom – is looking to incorporate into its system an alternative investment market for security tokens. Its CEO, Brian Armstrong, has made no secret that he wants his company to be the foremost exchange in the world for people to exchange fiat currencies and get into cryptocurrencies. Speaking at TechCrunch Disrupt in San Francisco at the start of September, Armstrong declared that Coinbase could host hundreds of tokens within years, possibly millions, and that he felt “a substantial subset of these tokens will be securities.” Finally, it goes without saying that regulators and stock exchanges across the world will play vital roles in terms of the rate at which the use of security token systems spreads. Both the Zurich-based SIX Swiss exchange and the Börse Stuttgart (SWB), the second largest stock exchange in Germany, are working towards building infrastructures to accommodate the trading of crypto assets and digital (tokenised) securities. Also, the London Stock Exchange and the UK’s Financial Conduct Authority are working with blockchain experts and startups in order to test a decentralised platform for issuing security tokens. The variety of profiles and companies looking to test and accommodate security tokens appears to be a positive omen. Further down the line: the ‘tokenisation of everything’? Though the focus of this piece has been on the tokenisation of securities, some in the industry are casting their nets further and are envisaging a future society where not only the financial sector will be revolutionised by blockchain and tokenisation, but also the public and civic sectors. One of them is Jeremy Allaire, who declared at MoneyConf in Dublin, in June of this year, that the world is at the beginning stage of ‘tokenising everything’. The co-founder and CEO of payments company Circle explained that: “Once you have an open global immutable record-keeping system, transaction-processing system and a secure computing environment, you can re-conceptualise on a global basis every aspect of finance, corporate and commercial law, the intermediation of contracts, and crucially all of the systems we use in both corporate and civic decision making.” He further added the following: “With crypto-assets, you can tokenise your house, car or art, and establish open global financial relationships around any physical property.” In Allaire’s mind, there are four principal obstacles in the way of the ‘tokenisation of everything’: regulation, scalability, the need for a more mature market place, and stable coins – digital assets that seek to maintain price stability by being pegged to the value of a stable asset, like fiat currencies – in order to allow prices to be consistent. Considering the above, although it may take more time than some would like, what is certain is that tokenisation and, especially, security tokens are presenting a viable possible next step in the evolution of the way in which our economy operates. Perhaps one day, as Anthony Pompliano commented this summer, we might eventually all be referring to security tokens as simply securities. • The post The Tokenised World Of The Future appeared first on The Fintech Times.
The Fintech Times

Singapore Embraces Blockchain and a Digital Currency Future

Many enthusiasts immediately think of Switzerland when looking into crypto friendly locations. The tiny island nation of Singapore, however, is making its own moves up the ranks. Such an official ranking system doesn’t actually exist of course, but that hasn’t stopped several opinion lists from appearing online in recent months. Expect “blockchain Singapore” to be two words you hear more often as the country looks to make its mark as a leader in the cryptocurrency field. Cryptocurrency Startup Culture Despite its size, Singapore is well respected in many areas for its progressive values. It ranks particularly high in the fields of banking and technology. But perhaps more importantly, it has remained open to new ways of doing things. In an area where other large economies like the US and China have fallen behind, due mainly to over-regulation, it’s no surprise then that a large number of blockchain startups are making their home here in the Asian south. Exit Stage Right While the US has not gone so far as to remove cryptocurrency investment outright, China took that step late last year by banning initial coin offerings (ICOs). According to leaders in Beijing, ICOs are now defined as illegal fundraising tools because of the increase in cryptocurrency fraud. To illustrate this, a recent study by ICO advisory firm Satis Group concluded that as much as 80 percent of all ICO’s in 2017 could be identified as scams. Now whether or not that number is accurate is anybody’s guess. The industry is so young that it’s wise to take any research with a grain of salt. But one thing is for sure, a clear trend is emerging. The number of blockchain startups moving to crypto friendly locations is on the rise. Both Hong Kong and Singapore have already absorbed many startup relocations and more are likely on the way. Due to its proximity to the mainland, similarities in culture, and more importantly open-mindedness to change, Singapore will remain a hot spot for digital currency talent. Some of the most well-known names in blockchain now call Singapore their home and include the likes of TenX, Qtum, Kyber Network, Wanchain, and Zilliqa to name a few. The Circuit Popular industry TV shows like CNBC’s Crypto Trader are developing quite the reputation for traveling the world and meeting local blockchain talent. As the number of conferences continues to grow, media coverage is further cementing Singapore’s reputation as a global player. Blockchain Summit Singapore is hailed as the largest blockchain event in Asia. The conference concluded not too long ago (August 2018) and will be a yearly event. It brings together over 700 entrepreneurs, investors, industry leaders, programmers, and technology innovators into an intensive one day summit. In addition, the incredibly successful annual Consensus event by Coindesk now has an Asian branch. And, you guessed it, Singapore will be its host. The cryptocurrency circuit remains an effective drawcard as new and established projects look to collaborate and pitch ideas to investors around the world. Project Ubin ICOs are clearly bringing a new class of investor into the startup funding game. And while Singapore is establishing itself as a corporate honeypot for this technology, don’t bet on the authorities taking a back seat. The Monetary Authority of Singapore has every intention of getting involved. In 2016 the World Economic Forum published a report that predicted that up to 80 percent of banks would develop some kind of distributed ledger technology (DLT) in the following years. Global traction in distributed ledger technology DLT is a controversial topic since the banking sector has been quick to dismiss Bitcoin but embrace the so-called underlying ledger technology. Project Ubin is the government-led initiative to bring DLT to Singapore’s national currency. The central bank is partnering with three different technology providers to develop a delivery versus payment (DvP) platform. Its main goal is to create a token form of the Singaporean Dollar (SGD). A Singapore digital currency won’t be a surprise to many readers though. There is already a push worldwide for cashless societies. Countries like Sweden are already heavily invested in this idea to the point that many businesses simply refuse to accept cash payments. Ubin might just be the project that brings that reality home for the city-state. Authorities and corporations worldwide are promoting the idea of DLT in business practices. But where does the consumer stand in all of this? Skeptics will have their debating hats on though as many in the cryptocurrency community question just how distributed these projects really are. Blockchain Singapore The race is on. A whole new way of doing finance is upon us, and cities are scrambling to be the leaders in this emerging field. Which location will be the capital of blockchain technology? Switzerland? Singapore? Malta? If the boom of the tech companies of the early 2000’s is anything to go by, the early players will almost certainly have a major advantage. It may be interesting to play devil’s advocate and question whether cities will indeed play such an important role in the future. We already have many talented companies with teams scattered across all four corners of the globe. Both the internet and Bitcoin have pioneered this idea of decentralization, and that concept is making its way into other areas of our lives. It’s not too far-fetched to imagine a programmer coming up with a groundbreaking solution from somewhere remote like Greenland. While that kind of scenario is exciting, it’s not what we are currently seeing. For now, at least, hubs like Singapore will continue to attract investment, entrepreneurs, and dreamers wanting to make a name for themselves in the most exciting field around. The post Singapore Embraces Blockchain and a Digital Currency Future appeared first on CoinCentral.
Coin Central

CoinMarketApp Review: Crypto Charts, Portfolio Manager and ICO Tracker

Is CoinMarketApp Worth Using? The volatility of crypto markets makes it imperative for traders and investors in the crypto world to have real time and reliable data. This will help them to take advantage of even the shortest-lived crypto trends, which is quite common in the crypto markets. The CoinMarketApp does just that. It gives watchers of the cryptocurrency markets an insightful look by helping them access critical data about specific tokens or coins. With thousands of viable crypto coins in the market, it can be almost impossible to keep track of all of them by studying them one by one. CoinMarketApp offers basic information that users require about crypto and much more. The app provides users with data that is crucial to making important decisions in the crypto markets. It also offers news about ICOs and any important events in the crypto world. Additionally, this app will show the prices of a coin across the different exchanges. The Features of CoinMarketApp CoinMarketApp has over 1400 coins listed. It provides data about the coins such as the market cap, trading volume in various exchanges and the circulating volume of the coins. It also offers users with data about the exchange market. Users will get alerts on real time issues on each coin. There is even a feature that shows news about upcoming and current ICOs. This will let users make wise decisions about new coins and their investment prospects. Other cool elements on CoinMarketApp are charts and graphs that are generated on all coins. These can be accessed when the coin a user cares about is clicked on. The chart will show how the coin has performed since it was created. Besides that, it will show the value against the BTC and USD. The versatility of the app makes it possible to do an in-depth analysis on the go. Whether you want to see daily, weekly, monthly, or yearly price changes, this app lets you do it. The news alert feature is worth mentioning. This app will send news feeds from Reddit news, which can be useful for traders who trade based on the extensive analysis. The chart and news combination makes this a great app for the serious investors. It could improve in Future The app has many great features, but it could do with more in the future. For instance, navigating through thousands of coin can be complex. This has led to some complaints about the app. However, those who plan to use it should already have a coin in mind for it to be effective. Besides that, different news sources could post the same story more than once. This could thus lead to the RSS feed showing a story more than once. However, this could improve with future updates to the algorithm. This way, you do not see the same type of information more than needed with only a slight variation in the title. CoinMarketApp Summary This app is great for those that like to watch the market closely. It is good for both getting a glance at the market and in-depth analysis.
Bitcoin Exchange Guide

Winklevoss Brothers Launch First Cryptocurrency –Gemini Dollar

The Winklevoss Brothers have launched an Ethereum-based token backed by U.S. dollars. Available information indicates that the New York Department of Financial Services (NYDFS) has since approved the request by the Gemini Trust to launch the token which happens to be the company’s first cryptocurrency. The crypto has then been named Gemini Dollar. Every token issued by the brothers on the ethereum blockchain will be supported by a U.S. dollar. The aim of the design is to make sure it has the stability of the fiat, and at the same time, the speed and borderless nature of a cryptocurrency, Forbes has indicated. While Gemini at the moment supports bitcoin, ethereum, zcash, among other cryptocurrencies, the Gemini Dollar is innovated to completely be an exchange of value like the U.S. dollar, however, it is not invented to be a store of value like gold. Owing to the network of trust revolving around the cryptocurrency, it has semblance with the normal stable coins. Added to that, State Street has also indicated it will be holding onto the U.S. dollars in an FDIC-insured account, also, a multiple third-party audits will be conducted both before and after the launch, Forbes also said. According to CEO and Founder of Gemini Trust, the cryptocurrency is not just Gemini Trust, “But you have to build a network of important players that are also trusted to solve for the trust problem of a stablecoin.” In that wise, this is the first time the Boston-based State Street will be accepting cash deposits for a cryptocurrency firm. Note that the State Street is not ready to take care of the cryptocurrency itself, according to Winklevoss, his team is worked with the bank for over a year to get an account for cash deposits. “There’s a lot of enhanced due diligence and on-boarding and kicking the tires that goes into that.” Maria T. Vullo, NYDFS superintendent, also aired that the dual approvals are a result of the recent regulatory supervision and meant to ensure the tokens are not used for laundering purposes. Vullo said: “These approvals demonstrate that companies can create change and strong standards of compliance within a strong state regulatory framework.” The post Winklevoss Brothers Launch First Cryptocurrency –Gemini Dollar appeared first on Ethereum World News.
Ethereum World News

Here Is Justin’s Plan for Rewards on BitTorrent and More on the Future of the Tron (TRX) Network

It has been an exciting ride for the Tron (TRX) project and its fans for the last one year since the ICO was launched and completed in early September last year. The initial token price back then was one TRX at $0.0019. That same TRX is valued at  $0.020 and could be valued at a higher price were it not for an overall bear market in the crypto-verse. Notable events since then have been launching a testnet, a mainnet, a virtual machine, acquiring BitTorrent and Bitcoin.Org, as well as other noteworthy developments such as the Tron Community being firmly behind Justin and his vision for a decentralized web. It is with the above that Forbes magazine recently sat down for an interview with Justin. The full interview is available online but we’d like to highlight a few of his comments with regards to the future of the Tron ecosystem. When asked about monetary incentives for content creators, Justin stated that: Now that TRON is well established as a major public chain, we are looking beyond just incentivizing content and more toward building a healthy ecosystem…Essentially, we are working to achieve our dream of “decentralizing the web”. From this comment, we can clearly see that Justin’s vision is beyond the ‘monetary’ aspect of the project. A wise man once said that we should strive to find a profession we are passionate about and the rewards will come automatically. Perhaps this is how Justin views the project by first building a stable secure platform then the users and developers will come. This then led to Justin being asked how the BitTorrent platform was going to be integrated into the Tron ecosystem to which he replied: Our role as the largest decentralized protocol is to provide the best possible service to our users. Our mission is to provide a fast, safe, and reliable product that is usable both on desktop and mobile. Currently, we are actively working on Project Atlas, a major step toward a fairer Internet. The project is in collaboration with BitTorrent, and will extend the lifespan of their torrents’ swarms, offer rewards to peers who seed torrents, infuse resources into the torrent ecosystem, and establish financial rewards in return. The project will transform the way people share and consume content, helping to re-shape the industry for the better. Justin also shared his reason for running for Super Representative and what it meant for the Tron project: Right now I share this responsibility with 26 other candidates and I look forward to working more with them to make our protocol the best possible space for our community. In conclusion, Justin Sun has his eyes set in creating Web 4.0 which is a better internet for this generation that is decentralized and inclusive. A future where there is collaboration for content online as well as the community governing how it works. Disclaimer: This article is not meant to give financial advice. Any opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available. The post Here Is Justin’s Plan for Rewards on BitTorrent and More on the Future of the Tron (TRX) Network appeared first on Ethereum World News.
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Prosecutors Call for Ten Year Jail Term for Karpeles Over Mt. Gox Embezzlement

Mark Karpeles, the CEO of Mt Gox, is currently being accused of embezzlement by Japanese authorities. The prosecutors of the court case are seeking a 10-year sentence for the ex-CEO, which commanded the now-defunct Mt Gox exchange. This comes in the midst of the extension announced for civil rehabilitation claims. Japanese prosecutors say as much by alleging that Mark Karpeles's actions "played a great role in totally destroying the confidence of Bitcoin users. The actions in question are that he allegedly embezzled a total of 341 million yen (US$3 million) of customer funds from the Mt Gox account, moving it to his personal account between September and December 2013, while padding the numbers on his company's trading system to cover up the loss. Karpeles has sworn his innocence and says the money, moved in the last four months of 2013, was meant to serve as only a temporary loan. He also argued, earlier in the trial, that the funds in question did not belong to clients but were his now-defunct company’s revenue. In response to the former CEO’s statement, the prosecutors at the court said: There was no documentation of loans, and there was no intention of paying back the money. The prosecutors went further to demand a harsh sentence for Karpelès. According to the Japanese prosecutors, the Mt. Gox Chief betrayed his clients’ confidence and misused most of their funds. The ex-CEO is currently confined to Japan as a condition of his bail and has been answering in freedom. He has often protested his innocence and publicly appealed to the industry. It remains unknown when the trail will conclude, the publication added.
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Tezos [XTZ] Story – XTZ and Waves Highest Gainers

As many crypto enthusiasts have started to notice, there is a slight attempt by the bulls to get Bitcoin – BTC against the US Dollar up back on its feet. Read: Bitcoin (BTC) Price Analysis: Are Bulls Back on Their Feet? Bitcoin bull Mike Novogratz insists that bitcoin won’t fall to the $80 level despite signs that the bear market could persist. In an interview with Bloomberg, he reiterated that bitcoin will become digital gold and that revolutions don’t happen overnight. If the supportive trend line starts to gain momentum and hold-off any waves of bears that tend to tank the value downward, a ripple-effect could present itself impacting all following altcoins as the pioneer cryptocoin always does. Among the top 20, the highest gainer in the last 24-hours without a doubt is Tezos [XTS]. Per time of writing, the pair XTS/USD is changing hands at $0.4197 – marking an increase of 13.23%. Source: coinmarketcap Tezos for starters – During one of the most successful and largest ICOs ever held – Tezos Foundation raised over $232 mil bringing a new cryptocurrency in the market. During a contact made by Reuters to the president of the foundation it was confirmed that its MainNet was set to launch on the 14th of Sep, 2018. #Breaking @millervalue #ValueInvesting #Crypto #Bitcoin #Cryptocurrency project #Tezos to launch main #network next week:… https://t.co/nqOY185XCh — John M. Spallanzani (@JohnSpall247) September 14, 2018 What is Tezos (XTZ)? Tezos is a decentralized computing platform for Turing-complete smart contracts. Tezos has three key features. (1) “Liquid Proof-of-Stake” consensus – there is a relatively low barrier to consensus participation and delegation is not required. (2) Smart contract verification – Tezos invented the Michelson programming language that allows formal proofs of contract properties for better contract security. (3) On-chain governance – all aspects of governance are contained in the platform: voting on proposed protocol upgrades, paying developers and implementing the upgrades. – Via Kraken’s blog post – Kraken Listing XTZ Blog Post Right on its tail is Waves which is welcoming a daily price hoist of 10.01% against the US Dollar reaching the mark of $1.85. Its beginning of December price surge as it seems is still continuing. The reason for this trend was the recent announcement of the release of a significant update to the mobile wallet. We are excited to announce a long-awaited update of the #Waves Mobile app! Deposit, store and withdraw your #crypto securely, trade your assets on DEX, lease your $WAVES — everything is now available right on your smartphone! Read more about it here: https://t.co/5Qp7YKTa8r pic.twitter.com/y5hsCXj2GV — Waves Platform (@wavesplatform) December 3, 2018 The post Tezos [XTZ] Story – XTZ and Waves Highest Gainers appeared first on Ethereum World News.
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