Off-the-Shelf Solution for Cryptocurrency Liquidity by GRAFT
If your wallet is full of crumpled cash and countless credit cards, then you've probably felt like throwing these all out one day. However, what are you supposed to use instead? Cryptocurrency? Well, not a bad idea. However, there are so many traps and pitfalls. Fortunately, the GRAFT team has resolved the issues and made … Continue reading Off-the-Shelf Solution for Cryptocurrency Liquidity by GRAFT
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Source: http://bitnewz.net/news/article/Off-the-Shelf-Solution-for-Cryptocurrency-Liquidity-by-GRAFT
Revolutionary Blockchain-based Digital Advertising Ecosystem Papyrus started Bounty Program on 19th September 2017
Papyrus, the world's first fully comprehensive and scalable decentralized ecosystem for advertisers, publishers, developers and users built on top of Ethereum blockchain and smart contracts, on Tuesday 19th September announced Bounty program. Papyrus aims to develop a disruptive digital advertising platform using a constellation of integrated technologies that will transform and unite the entire digital … Continue reading Revolutionary Blockchain-based Digital Advertising Ecosystem Papyrus started Bounty Program on 19th September 2017
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Source: http://bitnewz.net/news/article/Revolutionary-Blockchain-based-Digital-Advertising-Ecosystem-Papyrus-started-Bounty-Program-on-19th-September-2017
THE NEXT S&P INDEX OF CRYPTO
The Hedge Token team will revolutionise the way investors, evangelists and speculators view and interact on crypto markets by creating Indices (like the S&P 500), Crypto Traded Indicesâ„¢ (Crypto Exchange Traded Funds) and a suite of crypto-derivative hedging instruments – according to Hedge Project funding milestones. Hedge Token is bringing 'Crypto Street' to 'Main Street', … Continue reading THE NEXT S&P INDEX OF CRYPTO
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Source: http://bitnewz.net/news/article/THE-NEXT-SP-INDEX-OF-CRYPTO
Autonio’s Holy Trinity of CryptoTrading: AI, Blockchain & Crypto
Cryptocurrency trading is one of the core drivers of the blockchain space's growth. After all, when every crypto-asset is capable of being transacted on an open market, the movement and circulation of value are only natural. It also serves to distribute an asset to potentially anyone around the world regardless of geography, a quality often … Continue reading Autonio’s Holy Trinity of CryptoTrading: AI, Blockchain & Crypto
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Source: http://bitnewz.net/news/article/Autonios-Holy-Trinity-of-CryptoTrading-AI-Blockchain--Crypto
Bitcoin Isn't Crazy Enough Yet
Full disclosure: I don't, and wouldn't, invest in either gold or bitcoin. Still, as someone once said, markets can remain irrational longer than you can ...Source: http://bitnewz.net/news/article/bBitcoinb-Isn39t-Crazy-Enough-Yet
Swiss Telecom Giant Launches New Blockchain Business
A major state-owned telecommunications provider in Switzerland has created a new blockchain business.Source: http://bitnewz.net/news/article/Swiss-Telecom-Giant-Launches-New-Blockchain-Business
Swiss Regulator, FINMA Cracks down on Scam “Not-So-Cryptocurrency”
The Swiss Financial Market Supervisory Authority (FINMA) has recently taken action against the perpetrators of a crypto-scam. The firms in question were distributing a fake cryptocurrency and acting without proper licensing. A dozen other possible fraud cases are under scrutiny from the watchdog too. In a statement earlier today, FINMA announced that they have taken … Continue reading Swiss Regulator, FINMA Cracks down on Scam “Not-So-Cryptocurrency”
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Source: http://bitnewz.net/news/article/Swiss-Regulator-FINMA-Cracks-down-on-Scam-Not-So-Cryptocurrency
LTCUSD Technical Analysis for 09/21/2017 - Descending Triangle Consolidation
LTCUSD has formed lower highs and found support at the $51 level, creating a descending triangle pattern on its 1-hour […]
The post LTCUSD Technical Analysis for 09/21/2017 - Descending Triangle Consolidation appeared first on Bitcoin Network, News, Charts, Guides & Analysis.
Source: http://bitnewz.net/news/article/LTCUSD-Technical-Analysis-for-09212017--Descending-Triangle-Consolidation
Bitcoin, Ether stabilize after September selloff
Bitcoin dropped more than 30% during the first two weeks of September in the wake of threats by Chinese authorities about closing cryptocurrency ...Source: http://bitnewz.net/news/article/bBitcoinb-Ether-stabilize-after-September-selloff
Early bitcoin investor explains what's driving the ICO craze
A man walks out of a shop displaying a bitcoin sign during the opening ceremony of the first bitcoin retail shop in Hong Kong on February 28, 2014.Source: http://bitnewz.net/news/article/Early-bbitcoinb-investor-explains-what39s-driving-the-ICO-craze
Ethereum Is The Investment To Make While Bitcoin Lags With Regulatory Questions
Bitcoin has suffered a huge price drop due to international news on Chinese regulation; it needs these to be resolved to climb back up in value.Source: http://bitnewz.net/news/article/Ethereum-Is-The-Investment-To-Make-While-bBitcoinb-Lags-With-Regulatory-Questions
US Department of Energy Has High Hopes for Future-Predicting Exascale Computer
Source: http://bitnewz.net/news/article/US-Department-of-Energy-Has-High-Hopes-for-Future-Predicting-Exascale-Computer
Coinbase Finally Enables Customer Support by Phone
An interesting change has been made to the Coinbase service. A lot of people rely on this company for cryptocurrency […]
The post Coinbase Finally Enables Customer Support by Phone appeared first on Bitcoin Network, News, Charts, Guides & Analysis.
Source: http://bitnewz.net/news/article/Coinbase-Finally-Enables-Customer-Support-by-Phone
Joint Report by Stellar and Luxembourg Fintech Platform: Approach ICOs with Caution
Stellar, a nonprofit decentralized financial network, and the Luxembourg House of Financial Technology (LHoFT), the country's dedicated fintech platform, have published a joint report on Initial Coin Offerings (ICOs).
According to the report, organizations have raised over $1.8 billion through ICOs since January 2017. As this popular new fundraising method provides a simple and fast method to acquire serious funding, there has been "tremendous momentum" growing around ICO launches among new businesses in the blockchain industry, the report said.
On the other hand, the report also detailed that there are high risks associated with ICO investments. Since there is still a lack of regulation and control surrounding the industry, Stellar and LHoFT compared the current ICO sphere to the "Wild West" - a term that has become rather popular of late in reference to ICOs.
"ICOs raise issues for consumer protection, combating money laundering, and other regulatory compliance goals. Complications may arise from several sources, including the mechanism through which ICOs are conducted, the teams spearheading ICOs, the identities of contributors to ICOs, the quantity of money that is raised, the validity of ICOs' technology and processes, marketing claims, and the impact that ICOs have on the greater cryptocurrency markets. All these factors must be scrutinized so that the heralded benefits of ICOs are balanced against market and legal risks as the model matures and gains broader acceptance," the report states.
LHoFT and Stellar addressed both the upsides and the downsides of ICO fundraising. Organizations launching ICOs benefit from a built-in customer base, a committed group of customers that will stay with the product or service until it officially launches. Furthermore, according to the report, the fundraising method has positive effects on the network, can target global investors (or donors) in a non-discriminatory manner while providing a fast and easy fundraising mechanism. Additionally, retail investors are keen on participating in ICOs, and open-source projects can benefit from the fundraising method too.
Similarly, investors can benefit from the high liquidity of the tokens (sold during ICOs), in addition to being able to sell them through cryptocurrency exchanges or over-the-counter (OTC) transactions, which would allow the investors to transfer the tokens easily without the authorization of the token issuer (the organization launching the ICO).
Token holders are often offered bonuses, such as "gift cards" or "licenses" that will incentivize them to support the growth and the development of the project. ICO investors also benefit from the lack of "geo-lock" - they can invest in the project no matter the location (unless specified otherwise). Most importantly, ICOs have a high potential for big gains.
On the other hand, there are plenty of risks associated with ICOs, according to the report. Firstly, ICOs lack the formal process for auditing the organizations.The writers of the study highlighted a potential problem with smart contracts: If the contract is not programmed correctly, it could lead to unexpected transfers without the authorization of the token owner. Some tokens are not based on any fundamental value, thus, may facilitate bubbles and Ponzi schemes.
Furthermore, Stellar and LHoFT emphasized the issue of "investor education" - some investors are not informed well enough about an ICO project before investing in it. The report also detailed security problems, such as phishing scams and the loss of private keys, which can result in the investors losing their tokens.
As with most cryptocurrencies, tokens also tend to be volatile. According to the report, ICO cashouts may create price distortions on the market. Furthermore, the market can be subjected to manipulation, such as the "Whales" method, in which the token issuer organization holds back a percentage of the tokens and distributes them between the team members. Both investors and organizations can experience network lag during popular ICOs, while some token distribution mechanisms can cause unpredicted difficulties for both parties.
The lack of regulations within the ICO space presents various problems for both the investors and the organizations, such as being subject to the financial regulations of multiple jurisdictions. The anonymous nature of the cryptocurrency sphere can result in many of the investors being seen only as pseudonyms, which could cause issues for law enforcement and regulators. Since there is uncertainty about the taxation of tokens, both investors and organizations could face legal issues, such as tax evasion charges. Furthermore, the report discusses that there is an increasing concern that ICOs can be used by criminals for money laundering or terrorist financing purposes.
The post Joint Report by Stellar and Luxembourg Fintech Platform: Approach ICOs with Caution appeared first on Bitcoin Magazine.
Source: http://bitnewz.net/news/article/Joint-Report-by-Stellar-and-Luxembourg-Fintech-Platform-Approach-ICOs-with-Caution
Dentacoin Foundation’s "Proof-of-Concept" Clinic is a Success
Source: http://bitnewz.net/news/article/Dentacoin-Foundations-Proof-of-Concept-Clinic-is-a-Success
CFTC Commissioner: Blockchain Will Bring 'Sea Change' to Financial Markets
The CFTC has named one of its leaders as the new sponsor for its technical advisory committee - and he wants to see it work on blockchain issues.Source: http://bitnewz.net/news/article/CFTC-Commissioner-Blockchain-Will-Bring-Sea-Change-to-Financial-Markets
Updates on Equifax Breach Frustrate Consumers
Source: http://bitnewz.net/news/article/Updates-on-Equifax-Breach-Frustrate-Consumers
Bitmoney.eu Making Way to Czech Republic Estonia and Slovakia with TrustPay as Sixth Payment Method
Source: http://bitnewz.net/news/article/Bitmoneyeu-Making-Way-to-Czech-Republic-Estonia-and-Slovakia-with-TrustPay-as-Sixth-Payment-Method
Banks Are 'Afraid' of Bitcoin, Says Wealth Advisor
This wealth advisor believes banks are afraid of bitcoin, according to a new interview.Source: http://bitnewz.net/news/article/Banks-Are-Afraid-of-Bitcoin-Says-Wealth-Advisor
Bitcoin faces another split as scaling debate rages within the community
Bitcoin may be in for another bump in the road after prices levelled out this week, hovering around the $4,000 level after a recent plunge below $3,000 ...Source: http://bitnewz.net/news/article/bBitcoinb-faces-another-split-as-scaling-debate-rages-within-the-community
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