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+25 Million & Counting: Coinbase Again at 25,000 New Users Per Day

Amid the revving cryptoeconomy of November 2017, crypto exchange Coinbase started adding as many as 100,000 users a day. A newly published spreadsheet from Alistair Milne pegs that number as currently being around 25,000 per day, “comparable to mid-2017” Milne said. That figure marks a slowdown from the market’s peak but is on par with demand seen as 2017’s bull run began to form.  Also see: Coda’s State Explorer: A Blockchain in a SNARK, a Full Node in a Browser Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts The State of the Users Is Strong In a spreadsheet of Coinbase statistics compiled by Altana Digital Currency Fund chief investment officer Alistair Milne, users can track for themselves where Coinbase’s userbase has been and where it’s at now: 25 million coiners strong with more than 25,000 new users presently being added every day. The latter figure, accurate as of the end of September 2018, shows that daily user growth is down from the +62,000 per-day average seen back in March of this year though roughly on par with the levels of demand seen between May 2017 and October 2017, as Milne pointed out on Twitter. Coinbase Growth Update:– added ~5million users in the last 6 months, now have 25mil– average of ~25,000 users/day is comparable to mid-2017Data here: — Alistair Milne (@alistairmilne) October 3, 2018 Notably, it was in March 2018 that Coinbase first reached 20 million users, meaning the exchange’s userbase has swelled by 25 percent in the last half year, as Milne also highlighted. Coinbase achieved its first 1 million customers around March 2014, so its 25 million users today signals a 2,400 percent increase in just over four years. Coinbase chief operating officer Brian Armstrong predicted his own 2,400 percent increase at this year’s TechCrunch Disrupt conference, except in this case the CEO said such expansion would come in the form of cryptoverse’s participants expanding from 40 million individuals to 1 billion over the next five years. If Armstrong’s prediction pans out, then Coinbase will be well positioned to win over wide swathes of said newcomers. The exchange is currently the most popular in the United States, is flexing its political muscles toward pro-crypto legislation, and is opening up overseas offices to expand its reach. The More Who Join, The More Exclusive the 21 Million Club Potentially Becomes There will never be more than 21 million bitcoin, as the genesis cryptocurrency’s supply is famously hard-capped. That dynamic has led to the creation of an informal, tongue-in-cheek club called the “21 Million Club.” It’s simple: you own at least 1 BTC, and you’re “in” the club. A common scarcity quip you’ll hear in the space is that, “If every millionaire in the world wanted a bitcoin, they couldn’t have one — there wouldn’t be enough for every single millionaire to get 1 BTC.” Coinbase now has more users than could possibly join the 21 Million Club. Presently, whether all the world’s millionaires will ever respectively want to join the 21 Million Club remains to be seen. But what is clear, as cypherpunk Casa engineer Jameson Lopp noted on Twitter earlier, is that now all of Coinbase’s 25 million-strong bitcoiners can no longer join the club because of … well, math. There are not enough bitcoins for everyone with a Coinbase account to own one. — Jameson Lopp (@lopp) October 3, 2018 That gap is only set to grow as more and more users flock to Coinbase — and as upstarts and other competitors try to strut their stuff in kind. Coinbase Pushes Forward, Onward Coinbase, which just published its Q3 2018 retrospective report, also just welcomed to its board Chris Dodd, formerly of Charles Schwab’s Board of Directors. That announcement came fresh on the heels of the exchange’s launch of Coinbase Learn, a new resource center designed to help newcomers get up to speed in the cryptoverse. Our mission is to create an open financial system for the world, and everyone must feel included. Coinbase Learn is a simple, foundational resource to help anyone and everyone educate themselves about crypto. — Coinbase (@coinbase) September 30, 2018 The exchange also just agreed to a deal with trading platform Caspian in a move that will see trading and portfolio management services available to Coinbase Prime traders. On the flip side, things haven’t been completely peachy for the exchange power as of late, as last month Coinbase contested reports that it had proprietary trading operations. It continues on unfazed for now. What’s your take? How many users do you think Coinbase will have in 5 years? In 10? Let us know in the comments section below.  Images via Pixabay The post +25 Million & Counting: Coinbase Again at 25,000 New Users Per Day appeared first on Bitsonline.

Analyst: Large Scale Investors Interested in Bitcoin Despite Current Prices

Although Bitcoin is sitting just above its year-to-date low at $6,300, analysts are confident that large scale investors are still interested despite the persisting bear market. Industry sentiment also appears to be near its yearly low, with most investors and analysts calling for pending drops closer to $4,800. Despite there being little hope for another major rally in the foreseeable future, institutional and large-scale investors are still interested in the markets, according to Naeem Aslam, chief market analyst at Think Markets U.K., reports Market Watch. “On the OTC (over-the-counter) front we are still seeing significant demand, many of it large orders, buying both bitcoin and ethereum at these levels. However, on the retail front, they are more in panic mode.” Aslam’s analysis of the institutional demand for cryptocurrency is supported by the sheer number of institutions beginning to offer cryptocurrency products. Recently, reports surfaced claiming that Citigroup was working on a cryptocurrency custodian investing solution that would operate similarly to American depository receipts, allowing institutions to invest in Bitcoin through a fully regulated product that is secure from risk of hacking. Morgan Stanley also announced plans to offer a similar product. Alistair Milne, the chief information officer at Altana Digital Currency Fund, discussed the growing interest in cryptocurrencies by major financial institutions, noting that institutional demand is important for future cryptocurrency prices, saying: “Goldman, Citibank, ICE. Now Morgan Stanley. All launching Bitcoin products and services because there’s no institutional demand. Institutional money took the hedge fund industry from $300 billion to $6 trillion.” SEC Bitcoin ETF Decision the Most Immediate Catalyst for a Major Bitcoin Price Move Bitcoin has been ranging between $6,200 and $6,600 for the past week, following a move down from its previous uptrend, where it rose from $6,300 to $7,300 before falling back to $6,200. Despite the current stability, investors are waiting for the upcoming U.S. Securities and Exchange Commission (SEC) announcement regarding the Bitcoin ETF before placing any major trades. The SEC will be announcing their decision on the CBOE VanEck/SolidX ETF on September 30th, and investors are placing a significant amount of stock on the results of the ruling. Many familiar with the application and the SEC’s approval framework have claimed that the VanEck/SolidX ETF is the most likely of all the previous applications to be approved. If the SEC does approve this Bitcoin ETF, market sentiment will surge on the hopes that institutional and retail investments will rise, leading to a surge in Bitcoin prices and the overall cryptocurrency markets. If their decision is to deny or delay the application, however, the markets will respond negatively, with Bitcoin leading a temporary price crash that will pull the overall markets down. Once institutional products begin being released by the aforementioned banks, they will likely impact the prices as well. Featured image from Shutterstock. Analyst: Large Scale Investors Interested in Bitcoin Despite Current Prices was last modified: September 19th, 2018 by Cole PetersenThe post Analyst: Large Scale Investors Interested in Bitcoin Despite Current Prices appeared first on NewsBTC.

Latest Morgan Stanley and Citigroup Offerings Reveal High Bitcoin Demand for Institutional Investing

Morgan Stanley And Citigroup’s Roadmap Shows Institutional Demand For Bitcoin The institutional demand for Bitcoin is rising swiftly. Over the past few weeks, more and more companies are starting to get interested in trading instruments and Bitcoin products. Citigroup and Morgan Stanley’s roadmaps are a good example of this new demand. Alistair Milne, which acts as the Chief Information Officer at Altana Digital Currency Fund, has recently affirmed that there is a growing interest towards cryptos by banks and Wall Street financial institutions. This, he believes, is a proof that the market is definitely hungry for Bitcoin and all the profits that it can take. Milne has sarcastically implied that banks are looking for cryptos because there is some of the demand. Goldman Sachs, ICE, Citibank, Morgan Stanley, and Bank of America's Merrrill Lynch the names are endless and they are all interested in Bitcoin now. Goldman Sachs Lead Banks Coming To Cryptos This rush of banks and regulated financial institutions all interested in Bitcoin can be traced back to Goldman Sachs. The company was one of the first to venture into this area in mid-2018 and it has led other banks to do it. The CEO of Goldman Sachs, David Solomon, has publicly stated that the bank has been clearing Bitcoin futures for the clients. According to the CEO, the company is treading very carefully and listening to the demands of the clients to help them explore this new environment and to adapt to it. This positive attitude from one of the biggest banks in the U. S. has led other companies to seek cryptos, too. The former chairman and CEO of Goldman Sachs, Lloyd Blankfein, said it was arrogant to simply dismiss Bitcoin because its lacks central authority figures. According to him, there is a big chance that the consensus currency may gain mass adoption in the future. Blankfein stated that after the value of the dollar was cut off from the value of gold, a lot of people seemed uncertain at a time, but it worked and now it is accepted because people believe that it is. The same can happen with Bitcoin. This way, Bitcoin can be considered to be a progression from hard money to digital money, he believes. Ultimately, the entire banking sector is becoming more and more interested in Bitcoin. The United States is slowly becoming friendlier with these currencies and adoption is growing. While Goldman Sachs led the Bitcoin institutional rush in 2018, many other institutions are entering the game now and soon Bitcoin will be widely accepted in Wall Street. It looks like the time for Bitcoin hate may be over soon. As Milne affirmed, this change in the banks can rapidly increase the demand for this asset class and could have been triggered by the fact that the price of Bitcoin is very low right now, so it might be an interesting time for entering the market.
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Citigroup, Morgan Stanley’s Roadmap Shows Institutional Demand For Bitcoin is Surging

Over the past week, Citigroup and Morgan Stanley have doubled down on their plans to offer tradable instruments and products around Bitcoin. Alistair Milne, the chief information officer at Altana Digital Currency Fund, stated that the increasing interest towards cryptocurrencies as an asset class by banks and regulated financial institutions is crucial, as it demonstrates the rapidly growing demand for Bitcoin from institutional investors. “Goldman, Citibank, ICE. Now Morgan Stanley. All launching Bitcoin products and services because there’s no institutional demand. Institutional money took the hedge fund industry from $300 billion to $6 trillion,” Milne said sarcastically, implying that banks are seeing solid demand from institutions. Led by Goldman Sachs, Now All Banks are Coming to Crypto The wave of banks and regulated financial institutions entering the cryptocurrency sector by offering Bitcoin products was initiated by Goldman Sachs in mid-2018. In June, Goldman Sachs CEO David Solomon publicly said that the bank has been clearing futures around Bitcoin on behalf of its clients. “We are clearing some futures around Bitcoin, talking about doing some other activities there, but it’s going very cautiously. We’re listening to our clients and trying to help our clients as they’re exploring those things too. Goldman Sachs must evolve its business and adapt to the environment.” The positive attitude towards crypto by Goldman Sachs dated back to late November, when former chairman and CEO Lloyd Blankfein stated that it is arrogant to dismiss Bitcoin due to the lack of central authorities governing the asset because there exists a chance that the consensus currency could gain mass adoption. “A five dollar gold coin was worth five dollars because it had five dollars worth of gold in it. Then they issue paper money that is backed by gold in the treasury. Then one day, they issue paper money that does not have the backing of gold. There was no pledge that if you turn it in, I’ll give you five dollars of gold. It is fiat money. I say this piece of paper is worth five dollars and so therefore it is five dollars and a lot of people did not take that for a long time. But, now they do without question. You move a little bit further and you get bitcoin that is not a fiat currency so I don’t trust, it and I don’t like it. On the other hand, if it works, I say maybe it was a natural progression from hard money to digital money, said Blankfein. The open-mindedness of Blankfein and his acknowledgement of Bitcoin as a consensus currency with the potential to lead the pathway from cash to digital money has ultimately led the entire banking sector, at least in the US, to become more friendly towards the emerging asset class. Not All Due to Goldman Banks generally are pressured to follow the trend and to dismiss services that are of no demand by replacing them with highly profitable ventures. Hence, even if Goldman Sachs had focused the majority of its resources in institutionalization Bitcoin, if institutions had not showed much interest in it, other banks would not consider entering the market. As Milne suggested, the sudden pivot in the stance of banks towards cryptocurrencies demonstrate the rapid increase in the demand for the asset class from institutions, which possibly could have been triggered by the low price range of most cryptocurrencies. Citigroup, Morgan Stanley’s Roadmap Shows Institutional Demand For Bitcoin is Surging was last modified: September 14th, 2018 by Joseph YoungThe post Citigroup, Morgan Stanley’s Roadmap Shows Institutional Demand For Bitcoin is Surging appeared first on NewsBTC.

A New Age in Ads is Dawning

Scolding everything new has long become a hobby among the retrogrades, conservatives and blasphemers of technological advancement. Blockchain is no exception as a fertile feeding ground for the critics who spit on newfangled inventions and brand them as nothing short of sacrilege that threatens to destroy the cozy, inefficient and familiar world that they have grown accustomed to. Disclosure: This is a Sponsored Article However, new technologies are changing the world, just as the airplane did over a hundred years ago. My, my, how times have changed. They have not, in fact. Human nature has remained the same. The only difference is the pace at which new inventions are being integrated into society and the resistance they encounter in the process. The world of the marketing industry is no exception as automation is storming it, riding the crest of opportunities and technological advantages that blockchain technologies have granted through their merger with AI and neural networks. Just as Artificial Intelligence had once revolutionized stock exchanges and reduced the process of trading from profound analysis of charts to automated exchanges in a matter of microseconds, so too has AI made its way into the world of cryptocurrencies and the blockchain industry. It was only natural for a technology as advanced as blockchain to serve as a platform for AI and its derivative of neural networks that have already proven their effectiveness and efficiency in the banking sector and is soon to encroach on other industries related to the real sectors of economies. Crypto investor and top manager of the Altana Digital Currency Fund Alistair Milne has already expressed his view on the proper reaction to the negative comments made by various billionaires about Bitcoin: The crypto enthusiast community supported Milne and added that the employees of post offices and traditional mailing systems had also resisted the introduction of telephone communication back in the day. However, this did not stop them from eventually using phones themselves as the invention became widespread and proved its effectiveness. “Buffett, Dimon and Co. are also secretly buying up Bitcoins,” as one of the commentators wrote in reply to Milne’s post. Some participants of the discussion also proposed their options on the matter by recalling other similar cases from history, such as “…the opinion of taxi drivers about Uber”, “This resembles the opinions of the owners of gas filling stations about the manufacturers of electric cars.” The AdHive project also intends to revolutionize the marketing industry by tapping the invaluable resource of influencers, who have already dominated over television and other ad formats by providing live feedback and communication with their audiences. The AdHive project’s initial roadmap and plans included the development of an AI-powered platform for influencers based on existing blockchain systems. Now that the project has achieved a considerable level of advancement and success, the development team has come to the conclusion that current technologies and solutions are no longer sufficient to sustain the project’s ambitions and have decided to create new technological solutions. It is with the goal of expanding and evolving to new heights that AdHive is launching a new project that will change the entire marketing paradigm on the internet worldwide. July is set as the tangible timeframe for the launch of the new project that will include the following features: A unified ecosystem for the whole world, where advertisers will be able to use a single protocol of advertising in social networks on any number of accounts with the possibility of carrying out unique targeting; Reliability and independence through the application of multiple mechanisms that allow users to reliably develop their business in any country of operation; An effective model of involving new participants in the ecosystem through the balanced linkage of the interests of all the members of the ecosystem resulting in the explosive growth in the number of participants in all communities due to correct balancing of participants’ interests; An effective model of development and advancement, as the ecosystem will be designed for tens of millions of participants who will develop it in all countries of the world according to their visions; A completely new level of analysis of the audience of influencers, as well as measuring the unique parameters of assessing the nature and trust among them. The AdHive project is developing with the industry and beyond its event horizon, so stay tuned to more news and updates from us.
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Maximine Coin Surge, eToro Adds TRON, Rakuten and Yahoo, Boss Crypto - Cryptocurrency News

Maximine coin is up more than 700% within the past 30 days. eToro also announced yesterday that they will add Tron TRX to its platform with more than 10 million registered users. Mattie will also talk about Rakuten and Yahoo continuing Mainstream Progression Towards Cryptocurrency as well as Boss Crypto, a crypto investment and education platform. ----------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: Facebook: Telegram: ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: CoolWallet S: Trezor: Ledger Nano S: KeepKey: Read about them here: --------------------------------------------------------------------------------- References: BossCrypto – Crypto Investment and Education Platform Boss Crypto Yahoo and Rakuten Continue Mainstream Progression Towards Cryptocurrency Rakuten Wallet Launch Announced for March 30, 2019 Here’s Why Crypto Maximine Coin (MXM) Jumped 754.5% in March eToro adds Tron TRX to its Platform with More than 10 Million Users -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding

In a continuous declining market, there’s one coin that stood out higher. Maximine Coin or MXM Coin broke a new record of entering into the graph of Top 40 cryptocurrencies with a spike of 30 percent over the past 24 hours. Why MXM Coin Pumped Higher? The value surge is quite surprising because the top crypto assets including Bitcoin, Ethereum, XRP, Litecoin, EOS, Bitcoin Cash, Binance Coin, and many other cryptos are on the way out. Nevertheless, the major concern comes after the spike of MXM Coin trading volume on CoinBene exchange which suspects to have wash trading activities. Despite this decline drive, Maximine Coin’s MXM token is ruling with rising volume among the top 40 cryptocurrencies. At the moment, the MXM’s average trading value counts $159,653,386 which has gained 30.11 Percent over the last 24 hours. Moreover, the coin is trading at $0.096818. Maximin Coin or MXM is presently available at a handful of crypto trading platforms including CoinBene, HitBTC, Coinbit, and Livecoin. Among these exchanges, the highest trading volume is split among CoinBene and HitBTC with pair of USDT, ETH, and BTC respectively. Is there anything Related to CoinBene’s Suspected Wash Trading? Looking closer at the coinmarketcap, the highest trading volume of MXM coin can be seen on CoinBene, the exchange which was once noticed of involving with wash trading activities as reported by Bitwise Asset Management. Reports further revealed that the volume is faked by the exchange itself that results to inflate actual numbers to catch user’s attention. Moreover, the exchange registered in Singapore and doesn’t need KYC for a user to have an account with. To note, the Bitforex exchange where MXM Coin will soon be listed is also based out in Singapore – moreover, Maximine Coin is reportedly registered in the same country. Additionally, recent reports reveal that the coin had gained mainstream concern from Bitforex, a Singapore based trading platform. The firm announced to list MXM coin on its exchange which many speculate and relate the coin’s significant performance with. Heard the news? 👂🏼 Seen the papers? 👀 If you haven't, keep your eyes glued to the screen and your ears wide open because @maximinecoin is coming to @bitforexcom ! 🍻🙌🏼 Details in link below! 👇🏼 — MaxiMine (@maximinecoin) March 26, 2019 What do you think about CoinBene and its trading contribution to Maximine Coin? share your opinion with us  The post Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding appeared first on Coingape.
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