Friday 14 September 2018
RChain Soars 95% As Testnet Hype Ramps Up
RChain (RHOC) climbed 95% in value against the U.S dollar between September 13th and 14th, as the team celebrate the successful launch of their testnet. Bitcoin dominance fell by almost 2.5% in the past two days as altcoins start to recover ground lost in early September. The RHOC token itself lost 61% since September 1st […]
The post RChain Soars 95% As Testnet Hype Ramps Up appeared first on Hacked: Hacking Finance.
The post RChain Soars 95% As Testnet Hype Ramps Up appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/rchain-soars-95-as-testnet-hype-ramps-up/
RBI Ban Hearing Delayed – Indian Supreme Court Too Busy for Crypto This Week
All petitions against the crypto banking ban by the Reserve Bank of India (RBI) are supposed to have been heard by the country’s supreme court on September 11. However, the court has been busy every day this week and has postponed the RBI ban hearing.
Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals
RBI Ban Hearing Postponed
The Supreme Court of India was supposed to hear all petitions regarding the crypto banking ban by the country’s central bank on Tuesday, September 11. The RBI issued a circular banning all regulated financial institutions from providing services to crypto businesses on April 6.
As all eyes in the Indian crypto community were on the court to see if the RBI ban will be stayed, the supreme court adjourned on Tuesday without hearing the crypto case due to other cases running over time. The case was again postponed for the same reason on Wednesday and Thursday.
Furthermore, Nischal Shetty, the CEO of crypto exchange Wazirx, told news.Bitcoin.com that “It wasn’t scheduled for today [Friday] after yesterday’s delay.” Crypto Kanoon, a news and analysis platform, tweeted on Thursday:
As the arguments will continue for long in another matter, the court has adjourned all other matters including crypto matter. Matter is now likely to be listed on Tuesday [September 18].
Indian Association Tries to Get Attention of the Court
Among the petitions against the RBI ban was one submitted by the Internet and Mobile Association of India (IAMAI). The non-profit organization filed its petition in May, which was heard on July 3 and July 20, before it was postponed to September 11.
At both hearings, the court did not grant a stay on the central bank’s ban. The association also tried to educate the RBI by filing a representation explaining how blockchain and cryptocurrency work. However, their effort did not sway the central bank.
On September 12, Crypto Kanoon tweeted, “As per our internal sources, IAMAI is going to mention the crypto matter at 10:30 before Court No. 9 for seeking adjournment for the purpose of filing rejoinder to the counter affidavit recently filed by one of the respondents.” The platform soon tweeted further, “The court has declined to entertain the mentioning done by IAMAI for adjournment.”
Confusion Over the RBI Affidavit
On Tuesday, September 11, CNN News18 reported that the central bank had filed an affidavit with the supreme court. The news outlet wrote:
RBI files affidavit in top court against cryptocurrency and says that it can’t recognize bitcoins under the current legal regime as virtual currencies are neither money nor currency, can’t even be considered as a valid payment system.
Citing this report, Indiabits, which represents a community of blockchain enthusiasts, tweeted, “supreme court to hear affidavit filed by RBI on the matter on September 17th.” It also pointed out that, based on publicly available information on the supreme court website, RBI filed a counter affidavit on September 8, with a “computer generated date” for the hearing listed as September 17.
However, disputing the above information, Crypto Kanoon claims that this RBI affidavit was the same one filed in May, which they reported on at the time, adding that the “supreme court nvr [never] posted crypto matter on 17th Sep.”
Nonetheless, the crypto community will be watching the supreme court next week to see if the crypto case will eventually be heard. Shetty shared with news.Bitcoin.com:
The case has been postponed to monday…So let’s see what happens Monday.
What do you think of the supreme court repeatedly delaying the crypto case hearing? Let us know in the comments section below.
Images courtesy of Shutterstock, IAMAI, and the RBI.
Need to calculate your bitcoin holdings? Check our tools section.
The post RBI Ban Hearing Delayed – Indian Supreme Court Too Busy for Crypto This Week appeared first on Bitcoin News.
The post RBI Ban Hearing Delayed – Indian Supreme Court Too Busy for Crypto This Week appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/rbi-ban-hearing-delayed-indian-supreme-court-too-busy-for-crypto-this-week/
Market Update: U.S. Stock Rally Pauses amid Rising Bond Yields; Cryptocurrency Market Regains $200 Billion
U.S. stocks traded mostly flat on Friday, as rising bond yields quelled investors’ appetite for riskier assets. Meanwhile, cryptocurrencies regained a key threshold as bitcoin and Ethereum showcased renewed strength. Stocks End Mixed All of Wall Street’s major indexes closed near break-even on Friday. The S&P 500 Index finished at 2,905.01, while the Dow settled […]
The post Market Update: U.S. Stock Rally Pauses amid Rising Bond Yields; Cryptocurrency Market Regains $200 Billion appeared first on Hacked: Hacking Finance.
The post Market Update: U.S. Stock Rally Pauses amid Rising Bond Yields; Cryptocurrency Market Regains $200 Billion appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/market-update-u-s-stock-rally-pauses-amid-rising-bond-yields-cryptocurrency-market-regains-200-billion/
Bitpay CCO Holds Pessimistic Outlook for Altcoins
In a recent interview, Sonny Singh, the chief commercial officer (CCO) of Bitpay, Inc, shared his outlook for the cryptocurrencies, emphasizing his optimism for the bitcoin markets, whilst also espousing a grim outlook for altcoins.
Also Read: Bittrex to Launch Crypto Exchange in Malta Next Month
“Big Entrants” Coming to Crypto Next Year – Sonny Singh
When asked if the cryptocurrency markets have seen the low of the bear season, Mr. Singh stated: “It’s hard to say – I think right now the markets are looking for some defining moment or catalyst, […] and right now you are just seeing rumors that someone might do something.”
“But I think next year you are going to see the big entrants become real,” Mr. Singh continued, “where you see, Goldman does launch a trading desk, Fidelity does launch a bitcoin product, Square offers bitcoin processing for merchants, Blackrock launches an ETF. So all of that will then become real, and you will see some adoption actually – and then you’ll see the price start bouncing back up again.”
“Until then, I think we’re going up and down on rumors,” he added.
Bitpay CCO Predicts Grim Future for Altcoins
Regarding whether declining liquidity in the cryptocurrency markets and increasingly aggressive tactics on the part of many virtual currency exchanges could pose a threat to future of the cryptocurrency markets, Mr. Singh stated: “That’s always been the concern about the ICOs, and the trading exchanges in the ICO industry that aren’t quite regulated. […] Last year, getting an ICO token listed on a Binance or a Bittrex could increase your market valuation [by] […] a billion dollars.”
Mr. Singh continued: “ICOs are no longer in favor anyway – they’re down 95 percent. So, people aren’t really trading ICOs as much anymore.”
The Bitpay CCO asserted that the performance of many ICO tokens is dependant on the price of the leading cryptocurrency markets, “Until [BTC] and the other large ones […] get back some of the gains, the ICO markets are going to be in a lot of trouble actually, and a lot of those ICOs will never make it back to where they were 8 months ago.”
“We’ve Never Been More Bullish”
When asked how the bear market has impacted Bitpay’s business, the company’s CCO stated: “At Bitpay, and [among] people I talk to in the industry, we’ve never been more bullish actually,” adding “Business is great, we’re hiring more people, we’re working with several global large companies around the world, […] everyone [is] going full speed ahead.”
“I think the issue is, again, in the altcoins. Those will never come back, I believe, the same way a bitcoin will come back. Y’know, Fidelity, Blackrock – they’re not launching altcoin products, they’re going to launch bitcoin products.”
What do you make of Sonny Singh’s predictions for the cryptocurrency markets? Do you share his pessimism regarding the future for altcoins? Share your thoughts in the comments section below!
Images courtesy of Shutterstock, Youtube
The Bitcoin universe is vast. So is Bitcoin.com. Check our Wiki, where you can learn everything you were afraid to ask. Or read our news coverage to stay up to date on the latest. Or delve into statistics on our helpful tools page.
The post Bitpay CCO Holds Pessimistic Outlook for Altcoins appeared first on Bitcoin News.
The post Bitpay CCO Holds Pessimistic Outlook for Altcoins appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/bitpay-cco-holds-pessimistic-outlook-for-altcoins/
Forex Update: US Dollar Flexing Muscles
Everyone who follows the foreign exchange markets knows that 2018 has been the year of the greenback. The US Dollar is showing its might against major currencies such as the Euro, British Pound, and Japanese Yen. The supremacy of the dollar does not stop there. It is also dominating emerging market currencies. In this article, […]
The post Forex Update: US Dollar Flexing Muscles appeared first on Hacked: Hacking Finance.
The post Forex Update: US Dollar Flexing Muscles appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/forex-update-us-dollar-flexing-muscles/
The Next Financial Crisis Will Occur in 2020: JPMorgan Chase
JPMorgan Chase & Co believes the next major financial crisis is just around the corner. In a new model devised by the Wall Street megabank, a recession will strike the U.S. economy by 2020. Financial Crisis Looming JPMorgan Chase has devised a new financial model to gauge the timing and impact of the next financial […]
The post The Next Financial Crisis Will Occur in 2020: JPMorgan Chase appeared first on Hacked: Hacking Finance.
The post The Next Financial Crisis Will Occur in 2020: JPMorgan Chase appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/the-next-financial-crisis-will-occur-in-2020-jpmorgan-chase/
Bitgo Attains Regulatory Approval in United States
Bitgo, a cryptocurrency security and custody company, has been granted regulatory approval to provide its storage services to the United States. Specifically, Bitgo will target U.S.-based institutional investors with its “Bitgo Trust Company.”
Also Read: Corporate Creditors Can Now File Claims for Mt Gox Restitution
Bitgo Approved by South Dakota Regulators
The South Dakota Division of Banking has approved Bitgo Trust Company as a public South Dakota Trust Company – allowing the company to offer its cryptocurrency custody services to institutional investors in the United States.
Mike Belshe, the chief executive officer of Bitgo, stated: “Custody has been the missing piece of cryptocurrency market infrastructure and this gap has kept institutional investors out of the market. Traditional custodians don’t have experience handling cryptocurrency. Exchanges that double as custodians present a conflict of interest and raise regulatory concerns. Bitgo Trust Company is a qualified custodian, and therefore the only custody offering that delivers the highest levels of both security and regulatory compliance.”
Shahla Ali, Bitgo’s chief compliance and legal officer, told media: ”Currently […] we offer an online hot wallet solution, which is available to anyone to download our software and store their coins. We also offer a custodial solution which is a combination of hot and cold wallet […] that offering, though secure, is not regulated like the Trust.”
Bitgo Trust Company to Target Institutional Investors
Mrs. Ali continued: “The Trust company will enable us to offer a qualified custodial offering that is regulated, that has the money laundering and know your customer requirements.” Mrs. Ali added that Bitgo’s “custodian offering already has money laundering and KYC requirements,” however, and emphasized that the Trust is suited “for institutional clients […] especially for those who are registered advisers and broker-dealers.”
Whilst the Bitgo Trust Company has been specifically approved by South Dakota’s regulators, Mrs. Ali stated that “generally other states will give you reciprocity in the sense that other states have money transmission laws and they’ll exempt you from money transmission requirements.”
Bitgo’s website states that its custody services offer “100% cold storage technology in bank-grade Class III vaults,” “Support for 75+ coins and tokens,” and “Multi-user accounts.”
Do you think that more company’s will seek approval in South Dakota to offer crypto custody services to U.S. investors? Share your thoughts in the comments section below!
Images courtesy of Shutterstock
The Bitcoin universe is vast. So is Bitcoin.com. Check our Wiki, where you can learn everything you were afraid to ask. Or read our news coverage to stay up to date on the latest. Or delve into statistics on our helpful tools page.
The post Bitgo Attains Regulatory Approval in United States appeared first on Bitcoin News.
The post Bitgo Attains Regulatory Approval in United States appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/bitgo-attains-regulatory-approval-in-united-states/
ICO Analysis: Connecty
All great businesses got that way by constantly researching and developing. Innovate or die. But innovation is not easy, as it takes a lot of time and money to study certain subjects and access the right experts. Untapped knowledge is buried in places such as laboratories, libraries, and experts brains all around the world, just […]
The post ICO Analysis: Connecty appeared first on Hacked: Hacking Finance.
The post ICO Analysis: Connecty appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/ico-analysis-connecty/
Week in Review: Ethereum Returns from the Abyss
The cryptocurrency Ethereum took a steep dive this week, culminating in a fresh 16-month low on Wednesday. Concerns over scalability, ICO cash-outs and future growth of the sector all fueled the declines. The selloff, which mirrored a wider slump in the cryptocurrency market, was eventually picked up by bargain hunters, triggering a 22% rebound in […]
The post Week in Review: Ethereum Returns from the Abyss appeared first on Hacked: Hacking Finance.
The post Week in Review: Ethereum Returns from the Abyss appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/week-in-review-ethereum-returns-from-the-abyss/
Waves Coin Sinks 11.5% as Huobi Competition Sell-Off Begins
Huobi has been running a trading competition for Waves investors since September 10th which awards $30,000 worth of prizes to the trader who moved (bought and sold) the most WAVES coins over the course of the week. The competition closes at midnight tonight, and following a five day period in which Waves was bought up […]
The post Waves Coin Sinks 11.5% as Huobi Competition Sell-Off Begins appeared first on Hacked: Hacking Finance.
The post Waves Coin Sinks 11.5% as Huobi Competition Sell-Off Begins appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/waves-coin-sinks-11-5-as-huobi-competition-sell-off-begins/
Pre-Market: Inflation Fears Subside as US CPI, Retail Sales Miss
Global stocks are sporting modest gains today just after the US opening bell, with the Nikkei continuing its strong rally, the Dow hitting its highest level since the January highs, and the Nasdaq and the S&P 500 pushing towards their all-time highs yet again. The S&P 500 is now just a hair below its record […]
The post Pre-Market: Inflation Fears Subside as US CPI, Retail Sales Miss appeared first on Hacked: Hacking Finance.
The post Pre-Market: Inflation Fears Subside as US CPI, Retail Sales Miss appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/pre-market-inflation-fears-subside-as-us-cpi-retail-sales-miss/
New Promotion Available from Jubiter – the Newest Cryptocurrency Buy/Exchange Platform
Jubiter – a recently-launched buy, sell and exchange cryptocurrency platform has quickly made a statement on the market with its innovative services and high security levels. Jubiter is mostly focusing on newly-emerging cryptocurrency enthusiasts who are willing to dive into the world of cryptocurrencies and digital finance. Jubiter’s services range from instantly buying Bitcoin/Litecoing only by using a credit card or bank transfers, offering a free online cryptocurrency wallet, protected by the latest data security technologies.
The services and the top security level Jubiter are driving people from 160 countries to the platform. To reward the interest of the dedicated users, Jubiter has just announced their latest promotion.
One of the way through which customers can buy Bitcoin is through bank transfer. With the new promotion, that starts from September 5th and ends in September 14th of 2018, registered users would be able to enjoy 0% fees on their first bank transfer purchase.
Once the users register at Jubiter and verify their account, they will have to simply send an e-mail requesting a bank transfer. After the first bank transfer purchase has been completed, the user won’t have to pay any bank transaction fees.
The promotion will end soon, therefore Jubiter team is advising the users to hurry up and purchase their Bitcoins via bank transfer.
For more information, please visit the official page of the website: https://www.jubiter.com/
If you have any questions about this promotion or the services they are providing, their customer support specialists are ready to help you through e-mail, phone, and live chat, from Mon – Sat, 8:00 AM – Midnight EST.
This is a sponsored post.
The post New Promotion Available from Jubiter – the Newest Cryptocurrency Buy/Exchange Platform appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/new-promotion-available-from-jubiter-the-newest-cryptocurrency-buy-exchange-platform/
Crypto Update: Coins Pull Back After Strong Bounce
The major cryptocurrencies are holding on to most of yesterday’s gains, despite the dip today in European trading. Ethereum is still above $200, Bitcoin is trading near $6500, while the other top coins are also off their recent lows. That said, the short-term outlook is still mixed, with several coins on sell and neutral signals […]
The post Crypto Update: Coins Pull Back After Strong Bounce appeared first on Hacked: Hacking Finance.
The post Crypto Update: Coins Pull Back After Strong Bounce appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/crypto-update-coins-pull-back-after-strong-bounce/
Doomsday Anniversary
Hi Everyone, Tomorrow marks the 10th anniversary of the financial crisis. The International Monetary Fund has sent out a quick poll on Twitter today. Though there are still a few hours until the poll ends, it seems like the answer they’re getting isn’t exactly what they were looking for… Former Fed Chair Janet Yellen has […]
The post Doomsday Anniversary appeared first on Hacked: Hacking Finance.
The post Doomsday Anniversary appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/doomsday-anniversary/
Trade Recommendation: Bitshares
The Bitshares/Bitcoin pair (BTS/BTC) nosedived to as low as 0.00001399 on September 12, 2018. At that price level, the market was down by over 78% from the 2018 high of 0.00006648. While this drop is significant, it is not as bad as the 80% – 90% losses incurred by other popular altcoins. This can actually […]
The post Trade Recommendation: Bitshares appeared first on Hacked: Hacking Finance.
The post Trade Recommendation: Bitshares appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/trade-recommendation-bitshares-2/
Bitcoin Price Holds $6,400 as Short-Term Outlook Improves
Bitcoin’s price is once again trading on stable ground, with the technical indicators pointing to an improved short-term outlook. Combined with ether’s sharp reversal, newfound stability in bitcoin suggests appetite is slowly returning to the digital currency market. BTC/USD Update The bitcoin price swung below $6,500 on Friday but found firm support in the low $6,400 […]
The post Bitcoin Price Holds $6,400 as Short-Term Outlook Improves appeared first on Hacked: Hacking Finance.
The post Bitcoin Price Holds $6,400 as Short-Term Outlook Improves appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/bitcoin-price-holds-6400-as-short-term-outlook-improves/
Amsterdam is Having its Second Crypto Renaissance
This article is for all those who have friends in the Netherlands, have been looking for an excuse to visit Amsterdam, or are living there. It is about the latest monthly blockchain and cryptocurrency event that focuses on providing as much value to visitors as possible. Limited ICO pitching format combined with networking and a strong focus on sharing knowledge. We’ve visited the Bitcoin Wednesday conference in Amsterdam last year. We were there for three consecutive months, and even happened to be there for their 4th Year Anniversary (48th event), and then finally said goodbye in August 2017. They’ve continued to have their events, but you cannot ignore this new, trendy event that is promising to shake the foundations and breathe new life into the crypto scene in the Netherlands.
The new kid on the block is called BlockchainTalks. They are led by a young, vibrant team of high energy blockchain enthusiasts, who want to share their passion with the world. Their story is young and in its infancy, which is another way to say, the party is just getting started. They’ve already generated 10 events together, most in Amsterdam and some in Rotterdam as well. The reception from audiences has been nothing except amazing, with most people finding it refreshing to see high-quality speakers and content being presented, most of them referring to the very interesting innovation from the BlockchainTalks team called ICO Shark Tank.
What is ICO Shark Tank?
The idea is simple. ICOs pitch and blockchain experts get to ask all of the important questions. The entire thing is live-streamed to the internet via Facebook. It’s natural for ICOs to need a place to share their project with the community. Of course, nothing is for free, and the opportunity to get roasted in front of a large crowd costs ICO founders ~440 Euro.
They find it quite useful because the projects are usually challenged and pushed to the maximum. This tends to bring out any error in thought and if we are being honest, most (if not all) ICOs have a lot of weaknesses. Once you start building something you get passion-blinded and fail to see the small, but obvious inconsistencies in your project. Keeping an open mind and bracing for heavy feedback, you can gain such insight in a short period of time that it significantly improves the quality of your project’s development.
Topics covered on the meetup
This meetup is not only about blockchain, although most of the speakers are strongly involved in the industry. The types of topics have ranged from artificial intelligence all the way to tax and legal insight for cryptocurrency miners. The range is wide and speakers varied which combined with a strict selection process enables the meetup to provide maximum value for attendees.
Other topics covered include but not limited to:
- Investor knowledge that most people lack.
- Everything tech and blockchain (how it connects)
- Data and how to be smart with it.
- Buy, Sell, everything related to trading.
- The role of money and corporate finance.
- How to use crypto to escape your government’s financial mistakes.
And other interesting topics, which stimulate a lot of interesting conversations when it comes time to network with other people attending the meetup. Speaking of which, the ticket to attend this conference is about 10 Euros if you get it early, but we don’t have the information about what the price is at the door. It is a pretty good one time in the month investment to keep yourself plugged in the cryptocurrency and blockchain ecosystem.
One thing is for sure and that is the fact this meetup is growing rapidly, which is a great sign of the interest in blockchain technology in Holland. I’ve never been to one of their events, but my involvement with Amsterdam’s crypto scene has allowed me to hear about it, and I will be more than interested to visit this event, next time I am in Amsterdam. Maybe that will be my main excuse to go back there.
Comparison to Macedonia
In comparison, at events in Macedonia the attendance has been varied, and stagnant. At maximum, events had 17 people attend the same time, which is not a great number. Considering that the most popular Facebook group is about 1000 users, realizing that barely 1.7% of the community want and are willing to meet is a little bit discouraging.
But we will not quit, because we believe in blockchain technology, and we know it can change the world. This is a perfect moment for me to issue a challenge to you. But before I tell you what it is, I want to point out that there are three potential answers you can give once you read my challenge:
- Yes, that’s a great idea and I will do it.
- No, that’s a terrible idea and I would never do that.
- Maybe I will, maybe I won’t.
Number one and two are great answers. You know what you want, care about, and are willing to do to support blockchain adoption. The third one, however, that one is dangerous. Dangerous because it leads to inaction, and inaction breeds procrastination, doubt, and worries. So can we promise each other that we will decide on either a “Yes” or a “No”, but not a mediocre “Maybe”?
Time for the challenge:
Organize your own local blockchain meetup, even if there is a meetup already happening in your town. Use the #CryptoNewsChallenge, so that I know how to find you on social media, and leave a comment below right now.
I will get in touch with you via email after you do that and will collect all of the information you provide me. I promise to write an article about all of the events that spring up because of this article. If you pick up this challenge you will create a meetup and bring together people to talk or watch presentations from other knowledgeable individuals. It’s a creative process, and you can decide it all.
Featured Image via Pexels.
The post Amsterdam is Having its Second Crypto Renaissance appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/amsterdam-is-having-its-second-crypto-renaissance/
Thursday 13 September 2018
New French Law Sets Out Guidelines For ICOs
After slashing taxes on profits made from cryptocurrency trading by more than half, France has now implemented a new legal framework for initial coin offerings (ICOs). Is Europe’s third largest economy transforming into a haven for cryptocurrency?
Also read: Faced With Cash And Forex Shortages, Zimbabweans Turn To Bitcoin – Even When It’s Banned
French Lawmakers Adopt Legal Framework For ICOs
French lawmakers have passed a law setting out guidelines for initial coin offerings (ICOs), Finance Minister Bruno Le Maire has announced.
Mr Le Maire said on Twiitter that Article 26 had been “adopted in (parliamentary) committee”, as part of French President Emmanuel Macron’s broader plans to improve business growth and transformation.
“A legal framework for ICO is created,” he said, in translation. “This legal framework will attract innovators from around the world #blockchain…”
The legislation enables the French financial regulator Authorité des Marchés Financiers (AMF) to approve and issue permits to businesses intending to float ICOs in France – but only if “those projects provide specific guarantees for investors.” Issuers will be expected to give full disclosure to the AMF, allowing buyers to make informed decisions about the ICO. The French regulator has previously raised concern over the lack of clear regulation on token sales “as an inherent risk factor of ICOs”, heightening the possibility of loss, money laundering and terrorist financing.
In an initial coin offering, companies raise money by creating new digital coins and offering them to the public for sale.
ICOs imitate initial public offerings common with stocks, but without the rigour of regulatory oversight, which in a sense makes them attractive to start-ups keen on getting around bureaucratic red-tape.
New Haven For Cryptocurrency?
Under President Macron, France is trying to transform itself into a haven for business, including the business of cryptocurrency. Earlier this year, Mr Macron launched the Action Plan for Business Growth and Transformation (PACTE), which, among other things, aims to make it easy for companies to operate in France, and to lay out legal guidelines for fund raising via token sales.
The AMF began public consultations leading to the new law on ICOs – passed September 12 – some months back. In July, the French administration cut the cryptocurrency tax by more than half to 19 percent, in a move largely viewed as positive for the development of crypto and the blockchain ecosytem in the world’s sixth largest economy.
Explaining the new legal framework in June, law firm Kramer Levin said: “… (the legislation) provides a definition of tokens, indicating that a token is intangible property representing, in numerical form, one or more rights that can be issued, registered, conserved or transferred using a shared electronic registration mechanism that facilitates the identification, directly or indirectly, of the owner of said property.”
Will France become a new home for cryptocurrency? Let us what you think in the comments section below.
Images via Shutterstock.
Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.
The post New French Law Sets Out Guidelines For ICOs appeared first on Bitcoin News.
The post New French Law Sets Out Guidelines For ICOs appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/new-french-law-sets-out-guidelines-for-icos/
Do You Have What it Takes to Write Op-Ed Articles for Bitcoin.com?
We will now accept regular op-ed article submissions for the bitcoin.com news page. We want to provide crypto-enthusiasts, idea-mongers, futurists, and iconoclasts an opportunity to share their notions with the world. We currently receive about 2.5 million page-views per month, and my hope is to inspire the crypto-intelligentsia within our community to produce brilliant articles.
Also read: The Daily: Shapeshift Shuts Down Prism, Jamie Dimon Wants to Be President
Well Written, Superbly Organized Op-Ed Wanted
With that said, I will not arbitrarily accept anything.
The article must be well written and superbly organized. It must come from a place of critical thought and considered analysis. I prefer material that is philosophically engaging, heretical, controversial, sexy, and crypto-anarchic. It should examine our ecosystem from novel and unexpected perspectives.
I WILL NOT, however, take company pitches, what-token-will-moon articles, or other business solicitations for opinion pieces. These articles will be rejected, tossed into the dumpster, and set ablaze with extreme prejudice. I will also not take pieces that have previously been published elsewhere. The material must be unique to bitcoin.com. It must also have a minimum word count of 600.
All Views Welcome
It is true, I am the gatekeeper of the op-ed section, but I will not let politics determine what articles I publish. I am open-minded. I will consider most subject matter, so long as the article meets the standards I mentioned above and is relevant to the cryptocurrency ecosystem.
Submissions should be sent to op-ed@bitcoin.com.
Good luck!
What are some topics you would like covered in the OP-ED section? Let us know in the comments section below.
Images courtesy of Shutterstock.
Need to calculate your bitcoin holdings? Check our tools section.
My name is Sterlin Lujan. I am the op-ed editor for bitcoin.com. I also handle the company’s public messaging and brand awareness as communications ambassador.
The post Do You Have What it Takes to Write Op-Ed Articles for Bitcoin.com? appeared first on Bitcoin News.
The post Do You Have What it Takes to Write Op-Ed Articles for Bitcoin.com? appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/do-you-have-what-it-takes-to-write-op-ed-articles-for-bitcoin-com/
Ethereum Gets $1 Billion Trade Influx; ETH Price Jumps 23%
Ethereum felt the boost of a $1 billion trade influx in the five days leading up to Thursday, September 13th, as the coin rebounded from a new fourteen month low of $170.58. The majority of the trades came against Tether (USDT), as the un-tethering process begins following the coin’s most recent bottom. The value of […]
The post Ethereum Gets $1 Billion Trade Influx; ETH Price Jumps 23% appeared first on Hacked: Hacking Finance.
The post Ethereum Gets $1 Billion Trade Influx; ETH Price Jumps 23% appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/ethereum-gets-1-billion-trade-influx-eth-price-jumps-23/
What To Do if You’re Thinking of Shorting Bitcoin
The ability to short, or create a position where you benefit from decreases in the price, an asset is a powerful way to either make or lose money fast. Unlike a long position, short positions can give you infinite exposure. Instead of risking your capital up to the amount of the purchase, you are risking […]
The post What To Do if You’re Thinking of Shorting Bitcoin appeared first on Hacked: Hacking Finance.
The post What To Do if You’re Thinking of Shorting Bitcoin appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/what-to-do-if-youre-thinking-of-shorting-bitcoin/
Abra App Launches Support for Bitcoin Cash Deposits and Withdrawals
Users of the cryptocurrency exchange and wallet app Abra can now make deposits and withdrawals to their accounts with bitcoin cash (BCH). Bill Barhydt, the founder and CEO of the company, also published a video chat with Bitcoin.com CEO Roger Ver about bitcoin cash.
Also Read: The Daily: Shapeshift Shuts Down Prism, Jamie Dimon Wants to Be President
Abra Adds Bitcoin Cash (BCH) Support
Abra, a cryptocurrency wallet app and exchange, has announced on Wednesday native support for bitcoin cash (BCH), including deposits and withdrawals. This means that in addition to funding the wallet with BTC, LTC, bank transfers, wire transfers, or credit and debit cards, users can now also fund Abra from any bitcoin cash wallet anywhere in the world.
The company explained in its announcement to any users that might not be familiar with BCH that: “Bigger block proponents, including the creators of bitcoin cash, argue that the increased blocksize is important to keep the Bitcoin code aligned with the original vision laid out in the Bitcoin Whitepaper written by Bitcoin’s founder, Satoshi Nakamoto. Put simply, bitcoin cash was created to act like a better version of peer-to-peer digital cash because, at the time of the hard fork, processing transactions on the Bitcoin blockchain had become slow and expensive.”
Non-Custodial Wallet
Abra is an all-in-one global app offering a crypto exchange and digital wallet in one place – designed for making cryptocurrency investing simple. It enables users to buy, store, invest and hold 28 cryptocurrencies and 50 fiat currencies on a single app, and manage all crypto investments in one screen. The wallet is defined as non-custodial, meaning that cryptocurrencies and the wallet’s private key are held directly by the user. The Abra model is said to be 100% peer-to-peer, with no middleman ever holding, managing or touching the funds at any point in any transaction.
The company was founded in 2014 by Bill Barhydt, a veteran in the cryptocurrency space and an early Netscape employee. Investors include American Express Ventures, First Round Capital, Foxconn Technology Group, Arbor Ventures, Lerer Hippeau, RRE Ventures, Silver8 Capital and others. Last week Abra announced support for SEPA bank account holders – increasing the number of countries serviced by the company by 35.
Did you already use BCH for deposits or withdrawals with the Abra app? Share your experience in the comments section below.
Images courtesy of Shutterstock.
Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.
The post Abra App Launches Support for Bitcoin Cash Deposits and Withdrawals appeared first on Bitcoin News.
The post Abra App Launches Support for Bitcoin Cash Deposits and Withdrawals appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/abra-app-launches-support-for-bitcoin-cash-deposits-and-withdrawals/
Market Update: U.S. Stocks Rise Ahead of China Trade Talks; Cryptocurrencies Rebound Sharply
U.S. stocks advanced Thursday, bolstered by optimism that China and the United States will revive trade negotiations later this month. Stocks Rise All of Wall Street’s major indexes booked solid gains as rebounding tech shares provided much of the catalyst. The large-cap S&P 500 Index rose 0.5% to 2,904.18, with seven of 11 primary sectors […]
The post Market Update: U.S. Stocks Rise Ahead of China Trade Talks; Cryptocurrencies Rebound Sharply appeared first on Hacked: Hacking Finance.
The post Market Update: U.S. Stocks Rise Ahead of China Trade Talks; Cryptocurrencies Rebound Sharply appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/market-update-u-s-stocks-rise-ahead-of-china-trade-talks-cryptocurrencies-rebound-sharply/
Exchanges Round-Up: Spotware Launches “Out-of-the-Box” Platform, Huobi to Rebrand Hadax
In recent news pertaining to cryptocurrency exchanges, Spotware has announced the launch of an “out-of-the-box” cryptocurrency exchange platform, Huobi has announced that it’s Autonomous Digital Asset Exchange will be rebranded to “Huobi Next” before merging with Huobi Global, and Liechtenstein’s financial regulator will hold off on introducing legislation governing the operations of crypto-to-crypto virtual currency exchange Eterbase.
Also Read: Mt. Gox Victims Must Take Claims to Tokyo, Not US, Judge Rules
Spotware Launches Out-of-the-Box Crypto Exchange Software
Earlier this month, Spotware, a Cyprus-based company that offers “out-of-the-box” trading platforms for brokers, announced the launch of “Cxchange” – an out-of-the-box cryptocurrency exchange platform that “allows anyone to start a crypto exchange.”
Alexander Shuman, the chief executive officer of Spotware, stated: “We used our expertise and proven technologies to create Cxchange. There are only a few solutions available in the market resembling Cxchange, but our platform is a high-quality product unlike other ones, as it was developed by a professional financial software development company.”
Spotware’s website states that Cxchange offers “robust and scalable architecture, a matching engine which can support any asset, high level of security, and 24/7 technical support from Spotware.”
Huobi Announces Hadax Will Merge With Huobi Global
The Huobi Autonomous Digital Asset Exchange (Hadax) will be upgraded and rebranded to “Huobi Next,” before merging with Huobi Global on September 19th.
A blog post published by the exchange describes the merger as being the product of “a long-term strategic perspective,” adding that “The merged Huobi Next will be displayed in a unified interface with Huobi Global, where trading of all coins on the Hadax will be moved to Huobi Global. Huobi Global will share the brand potential, the trading users and other resources of Huobi Global with Huobi Next. The voting and Project Center will also be merged to the main website together with Huobi Next.”
Liechtenstein Financial Markets Authority Holds Off on Regulating Eterbase Exchange
The Financial Markets Authority (FMA) of Liechtenstein has decided against imposing regulatory guidelines on the operations of Eterbase AG – a crypto-to-crypto virtual currency exchange.
According to a post published to Eterbase’s blog, “The FMA has created legal certainty regarding the fiat or currency exchange business model and has declined its applicability. This is because Eterbase will not exchange crypto-to-fiat pairs on its own account, and instead will be merely matching exchange orders.”
Eterbase added that the issuance of its initial coin offering “is not deemed an activity which may be subsumed under a currency exchange pursuant to the FMA.”
Would you feel comfortable using a cryptocurrency exchange that runs an ‘out-of-the-box’ platform? Share your thoughts in the comments section below!
Images courtesy of Shutterstock
The Bitcoin universe is vast. So is Bitcoin.com. Check our Wiki, where you can learn everything you were afraid to ask. Or read our news coverage to stay up to date on the latest. Or delve into statistics on our helpful tools page.
The post Exchanges Round-Up: Spotware Launches “Out-of-the-Box” Platform, Huobi to Rebrand Hadax appeared first on Bitcoin News.
The post Exchanges Round-Up: Spotware Launches “Out-of-the-Box” Platform, Huobi to Rebrand Hadax appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/exchanges-round-up-spotware-launches-out-of-the-box-platform-huobi-to-rebrand-hadax/
High Return? CannabisCare CopyPortfolio Offered By eToro
Eagle-eyed investors are constantly seeking financial instruments that have the potential to generate high returns. Sometimes their investment hopes go up in smoke, alas.
Experienced traders will have noticed how the medical marijuana market has exploded – in 2017 record growth for the legal cannabis industry saw total economic output reach $16 billion last year – and could well be tempted to invest.
The upward trend is expected to continue, with significant further growth projected in the coming years, as legalisation of medical marijuana around the world gradually becomes more widespread.
Indeed, the global legal cannabis market, led by growth in North America and Europe in particular, is forecast to hit $57 billion by 2027, according to Arcview Market Research and BDS Analytics.
Public opinion on medical marijuana is changing, and more people are convinced it should be considered as a viable option for safe and effective pain management. This is partly thanks to a vast amount of detailed and extensive research in this area that has reassured citizens and politicians alike.
Recent breakthrough legislation reflects this greater acceptance. The indications are that the favourable stances on marijuana production and sales taken in Canada and America mean it is likely other countries – including the UK, Germany, Italy, and France – could follow their lead. Legal cannabis sales in North America grew by an unprecedented 30 per cent in 2016, and then 33 per cent last year, leading analytical research reveals.
A cluster of licensed North American organisations have already been able to expand globally in a short timescale. They have started to export cannabis products worldwide as well as begun to establish production contracts in Europe, South America, Asia, Africa, and Australasia. In addition, the cannabis industry has proven itself to be a financial boon for governments, by generating both new jobs and tax revenue.
Further expansion in the industry appears imminent, meaning that now could be the perfect time to open a buy position and invest in medical marijuana, well before it reaches its sizeable potential, as predicted by various analysts.
But how to gain exposure to one of the most intriguing fields in modern biotechnology? From September 17 you can invest using a unique investment strategy, which groups together many leading organisations in the cannabis industry. The CannabisCare CopyPortfolio groups together stocks from many of the leading North American companies in this space.
Earlier this year eToro chief executive Yoni Assia said: “We are looking at an interesting industry emerging in the public sector: cannabis.” Now it has happened. His organisation has a reputation for being pioneering, and once again eToro is attempting to make trading as straightforward as possible, and offering attractive financial instruments.
The first CopyPortfolio, eToro’s latest tech-power innovation, was launched in the February 2016. Now eToro users and eagle-eyed traders alike can invest using eToro’s latest CopyPortfolio, CannabisCare. The team behind the award-winning platform has helpfully created this explainer video to coincide with the launch.
Note that once the CannabisCare CopyPortfolio has reached 1,000 investors on any day, eToro will close the portfolio for new investments at 23:59 GMT on that day. And with luck those who back medical marijuana will enjoy success.
To discover more about eToro’s latest CopyPortfolio, CannabisCare, please visit https://www.etoro.com/funds/cannabiscare now.
This is not investment advice. Past performance is not an indication of future results. Your capital is at risk.
This is a sponsored post.
The post High Return? CannabisCare CopyPortfolio Offered By eToro appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/high-return-cannabiscare-copyportfolio-offered-by-etoro/
Top Crypto Experts Will Gather on the Second Blockchain & Bitcoin Conference Malta
On October 23, the international organization Smile-Expo will conduct the second Blockchain & Bitcoin Conference Malta – huge event with crypto discussions by blockchain specialists. The large-scale meeting of top industry experts will become the 50th anniversary event of the Blockchain & Bitcoin Conference series.
Why Malta?
Malta belongs to the list of the most DLT-friendly countries and takes one of the top three places in crypto development.
Positive and encouraging ICO regulations, innovative bills with guidelines for the industry and companies moving their businesses to the island – are the signs of the successful technological development.
What is waiting for visitors?
Conference
The conference will be opened by Karim Babay – the investor, entrepreneur and the President of Intrinsic Value Investment Partners. IVIP is the New York based global investment management firm, and Babay has been investing in crypto for already four years. The specialist will explain how venture investors evaluate Blockchain startups’ ICOs and the value of their tokens years later.
Also, guests will have an opportunity to meet with 50 experts from top world corporations discussing the most topical DLT issues of today. Speakers will pay attention at such topics as blockchain in education, AML policy and cryptocurrency trading.
Apart from discussing financial sphere, professionals will turn to the innovative usages of DLT. Invited speakers will share knowledge about DLT integration into transportation, gaming industry, real estate sector, healthcare sphere and AI. Crypto specialists will provide the existing use cases and will emphasize the advantages of the technology’s innovative implementation.
Panel discussions
The conference will also involve 5 panel discussions:
- Blockchain and IoT. The speakers will clarify the connection between DLT and IoT. They will highlight positive sides of these spheres’ cooperation and look at the future potential.
- The world Gets Tokenized. The shift in how business models are formed will be discussed within the topic. Experts will explain how companies turn to decentralization and talk about new business possibilities.
- Tales and Adventures of Blockchain Hacking. Crypto advisors will share reasons why DLT is attractive for hackers, discuss the types of attacks and give an insight into the typical pitfalls in cryptocurrency projects.
- ICO’s: Opportunity or Threat? Regulation of the DLT and ICO business. Talking about ICOs, crypto specialists will discuss how initial coin offerings are treated on Malta and present information about 3 latest bills issued in the country.
- Legal and Regulatory Challenges in Blockchain. As for regulations, speakers will examine Blockchian and GDPR compliance, compare crypto taxation in Malta, Switzerland and the United States, and elaborate on the potential regulatory future.
Demozone and pitch sessions
More than that, the event will feature the traditional demozone which will give space for crypto organizations to acquaint visitors with their latest ideas and new developments.
The conference will offer a chance to startups to find investments during pitch sessions. Also, guests will get a possibility to find new business partners and get new contacts for fruitful cooperation during the networking time.
The event will be coordinated by the international company Smile-Expo, which has already brought Blockchain & Bitcoin Conferences to 25 countries.
More information about the event and registration – on the official website of the conference.
This is a sponsored post.
The post Top Crypto Experts Will Gather on the Second Blockchain & Bitcoin Conference Malta appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/top-crypto-experts-will-gather-on-the-second-blockchain-bitcoin-conference-malta/
ICO Analysis: Apollo18
While one can buy cryptocurrencies from exchanges, it is also possible to obtain them by an operation called mining. A miner basically solves complex mathematical puzzles and is rewarded by tokens in return for his or her efforts. Nowadays ASIC (application specific integrated circuits) miners almost exclusively are used to mine as they are way […]
The post ICO Analysis: Apollo18 appeared first on Hacked: Hacking Finance.
The post ICO Analysis: Apollo18 appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/ico-analysis-apollo18/
Fundstrat, Circle and Genesis Trading Execs Offer Market Insight
Long-suffering crypto investors are finally getting some relief today, with the broader market gains surprisingly being led by Ethereum. The combined market cap is steadily approaching $200 billion while bitcoin’s dominance is back below 56%. Whether or not the market rally has legs and it’s the start of the bull run that strategists have been forecasting […]
The post Fundstrat, Circle and Genesis Trading Execs Offer Market Insight appeared first on Hacked: Hacking Finance.
The post Fundstrat, Circle and Genesis Trading Execs Offer Market Insight appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/fundstrat-circle-and-genesis-trading-execs-offer-market-insight/
Crypto Update: Ethereum Hits $200, Leading Oversold Rally
The cryptocurrency segment is experiencing an explosive oversold rally today, with Ethereum registering the largest gains as expected after leading the way lower during the recent steep selloff. The second largest coin got back to the $200 price level after plunging below the key long-term $180 support during the latest leg lower. ETH/USD, 4-Hour Chart […]
The post Crypto Update: Ethereum Hits $200, Leading Oversold Rally appeared first on Hacked: Hacking Finance.
The post Crypto Update: Ethereum Hits $200, Leading Oversold Rally appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/crypto-update-ethereum-hits-200-leading-oversold-rally/
Blockchain to Boost Trade Finance by $1 Trillion in Ten Years: World Economic Forum
Innovations in blockchain technology are making it easier for businesses and nations to conduct cross-border trade. According to the World Economic Forum (WEF), distributed ledger technologies could add $1 trillion to global trade finance over the next decade. Trillion-Dollar Boost In a newly released report titled Trade Tech – A New Age for Trade and […]
The post Blockchain to Boost Trade Finance by $1 Trillion in Ten Years: World Economic Forum appeared first on Hacked: Hacking Finance.
The post Blockchain to Boost Trade Finance by $1 Trillion in Ten Years: World Economic Forum appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/blockchain-to-boost-trade-finance-by-1-trillion-in-ten-years-world-economic-forum/
Nano and Tron Compete with BTC as ‘Most Spent’ Cryptocurrencies
Nano (NANO) and Tron (TRX) are among the most spent cryptocurrencies on Bitcoin Superstore – a crypto-only store that allows users to buy consumer goods with their coins and tokens. TRX, NANO and LTC Changing Hands The spend volume of both coins is still below that of Bitcoin (BTC), but not by as large a […]
The post Nano and Tron Compete with BTC as ‘Most Spent’ Cryptocurrencies appeared first on Hacked: Hacking Finance.
The post Nano and Tron Compete with BTC as ‘Most Spent’ Cryptocurrencies appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/nano-and-tron-compete-with-btc-as-most-spent-cryptocurrencies/
Bitcoin Price Eyes Recovery After Bulls Reaffirm Key Support
Bitcoin’s long road to recovery took a positive step Thursday, as prices rose above $6,400 for the first time since the weekend. What’s more, the technical charts show the potential for an even larger breakout in the near term. BTC/USD Update The bitcoin price is gaining momentum on Thursday as part of a much wider […]
The post Bitcoin Price Eyes Recovery After Bulls Reaffirm Key Support appeared first on Hacked: Hacking Finance.
The post Bitcoin Price Eyes Recovery After Bulls Reaffirm Key Support appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/bitcoin-price-eyes-recovery-after-bulls-reaffirm-key-support/
Ethereum Leads Broad Recovery as Crypto Market Adds $10 Billion
Major cryptocurrencies were in recovery mode on Thursday, led by Ethereum’s double-digit gain, as investors swept in to buy the market at yearly lows. However, the latest recovery has all the signs of a dead cat bounce, which means the bulls aren’t out of the woods yet. Market Update Digital currency values rebounded sharply on […]
The post Ethereum Leads Broad Recovery as Crypto Market Adds $10 Billion appeared first on Hacked: Hacking Finance.
The post Ethereum Leads Broad Recovery as Crypto Market Adds $10 Billion appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/ethereum-leads-broad-recovery-as-crypto-market-adds-10-billion/
Successful ICO Roundup – First Week of September
Executive Summary
This article contains all of the ICOs that have completed their fundraiser and succeeded in fulfilling their expectations. Out of 32 ICOs ending in this first week of September (01.09 to 07.09), only 12 succeeded, which indicates a 37.5% success rate for ICOs ending in September. Projects have variable start dates.
The total investment ending in the first week of September was $21,274,569. For more details, you can look at the specific projects in the list below.
Let the Hunger Games Begin
Welcome to the first article that highlights successfully completed ICOs. Our goal is to create this type of article every week for the month of September, and if it is well accepted by the community we will continue to create informative content like this for all of you ICO hunters and new coin enthusiasts.
If you would like to get your ongoing ICO featured on Crypto-News.net feel free to send an email to our advertising department.
The list is ordered according to the amount raised (top to bottom) and every ICO gets a short introductory description based on their own marketing material. This is not an endorsement to purchase their tokens on an exchange, nor Crypto-News.net is in any way affiliated with these projects.
Some projects did not have their information up to date, which means that either their ICO was ongoing when checked, or their investment functions were not shut down. For these cases, we simply state the amount raised and explain why their brand is not featured. We feel a responsibility towards you to thoroughly check and compile these lists in a way that is safe. Websites that are not updated to reflect the closure of investments are seen as risky and unprofessional.
The data presented for each ICO originates from ICOBench for this article. For the next articles, we will consider featuring a different ICO tracker to keep things fair and balanced.
IXTUS
Edutainment Token
IXTUS an edutainment project which is designed to help children discover their interests, capabilities, and talents. The platform promises to create a way to drive curiosity and promote the natural drive for attaining knowledge. It combines problem-based learning, questions and answers, exploration, and active discovery to reach their goals.
Their first product will be called “Little Detective” and they’ve been working on it for three years prior to starting the ICO. It will help children between 3 and 8 years old to develop process-level thinking through learning experiences.
The token will be used as a utility within the platform and to commercialize content from teachers participating on the platform. They want to create an educational marketplace where parents can control the type of content their children learn about.
The project raised approximately $6,700,000 in their fundraiser, which places them on the first spot on this list.
Token – XCV
Price in ICO – 0.0500 USD
Country – Poland
Whitelist/KYC – None
preICO start – 1st Jun 2018
preICO end – 1st Aug 2018
ICO start – 1st Aug 2018
ICO end – 1st Sep 2018
This ICO raised $5,118,271 for the duration of their fundraising campaign. Brand details are not added due to fact that token sale was open and encouraged at the time of writing (when it should be closed according to data the project provided to ICObench).
How they reached the second spot is beyond me, but considering the circumstances I really can’t give you any more information.
ICO raised $3,700,000 for the duration of their fundraising campaign. Brand details not added due to fact that private sale and discounts are encouraged on their homepage.
This places them on the third spot, and I would love to tell you more, but that would put you, the reader at risk.
Nagricoin
Smart Contracts for Smart Fertilisers
Nagricoin is a very interesting project which finds its roots way back to 2011 (before the end of the world was supposed to happen, remember that?), and they are based on top of a very real part of the agricultural industry. Fertilizers are their specialty and their product Nagri-HL (according to their marketing) is an advanced product that has demonstrated an increase in yields and quality of any crop it has been applied to. They expect their token to find a wide utility in the agricultural industry around the world.
Investors have planted $1,718,000 in their green thumbs to fulfill their vision, which places them squarely on the fourth spot on this list.
Token – NGRX
Price in preICO – 1 NGRX = 0.05 USD
Price in ICO – 0.1000 USD
Country – Ireland
Whitelist/KYC – Both
Restricted areas – USA, Singapore
preICO start – 2nd Apr 2018
preICO end – 24th May 2018
ICO start – 28th May 2018
ICO end – 1st Sep 2018
This ICO raised $1.5 million in their first round, but we cannot feature them in this article because they are going to have additional rounds in the future.
Fifth place goes to this anonymous fundraiser.
Involve
Earn While Playing. Mine While Gaming
Created to motivate players to keep playing mobile games for an extended period of time. That also keeps developers and investors happy, because they will be able to create marketable audiences. The players come for the game, but stay for the tokens. The time they spend playing the games is used to mine this cryptocurrency.
Hopefully, they have some fail-safe protocols to protect against people having random phones open in their apps just to mine the currency. Players will be able to join mining pools, and the currency is expected to have variable mining difficulty.
For their ICO they managed to raise $1,258,530 which will be used to facilitate the development of their platform. The cryptocurrency itself will have 500 billion token limit, which is a sizable amount. Due to the mining elements, the developers believe this will lead to a long-term appreciation of the token i.e. good news for investors.
That places them at the sixth place on this list of ICOs finishing in the first week of September.
Token – IToken
Price in preICO – 1 ETH = 120,000 ITokens
Price in ICO – 0.0048 USD
Country – Estonia
Whitelist/KYC – KYC only
preICO start – 1st May 2018
preICO end – 1st Jun 2018
ICO start – 1st Jun 2018
ICO end – 3rd Sep 2018
CoinSeason
The Trading Platform Using AI
Based in Vancouver, Canada, CoinSeason is a Fintech startup that initiated their operations in August 2017. They are a regulated cryptocurrency and trading platform which did not accept investors from Canada. We find that weird and strange, but they managed to raise $1,256,687 regardless of the fact that they are both governments supported and don’t accept investors from their own country.
CoinSeason is a part of Volctech Blockchain Incorporated and is hosting both an English and Chinese interface. According to the marketing, the company (CoinSeason) is not only involved in the cryptocurrency exchange business, but also provides blockchain implementation, smart contracts, ICO issuance, and mining.
Finding itself on the seventh spot is not bad, but we really don’t get it.
Token – CSZ
Price in ICO – 0.0153 USD
Country – Canada
Whitelist/KYC – KYC only
Restricted areas – USA, Canada
ICO start – 18th Jul 2018
ICO end – 6th Sep 2018
https://www.coinseason.com/
Genesis Space
Next Generation Blockchain
Genesis Space is an interesting gem from this list because it is a DAO that acts as a platform i.e. similar to Distr0x and Ethereum. Users can generate side chains on demand and enforce their own rules for their chains. The community is the leadership and the model is purely democratic which means that every change must be voted through.
They consider sidechains as countries, separate countries from the main chain, and they see them as a means to scalability. The team is coming from a strong engineering background working with companies such as Google, eBay, Oracle, and Alibaba, as well as high standing universities such as Harvard, Berkeley, Columbia, CMU, and CUHK.
For their ICO they managed to raise $576,260 from investors in order to fulfill their vision, an amount that places them on the eight spot of this list.
Token – NES
Price in ICO – 0.0029 USD
Country – USA
Whitelist/KYC – Both
Restricted areas – USA
ICO start – 4th Aug 2018
ICO end – 4th Sep 2018
Official Genesis Space website
This project did not update their ICObench listing, but according to the website they had raised $467,396. We cannot verify the authenticity of the information at this point, but the ICO is actually ending in October.
For now they find themselves on the ninth spot, and maybe if this article series continues we will feature them in October.
Path.Network
Internet Intelligence
With a goal to revolutionize the monitoring industry through blockchain tech and smart contracts, the Path Network generated $285,745 through their fundraiser. This places them on the tenth spot on this list.
They want to have user-powered monitoring nodes which collect data from powerful analytic tools, to provide a global coverage and insight for online business owners. Their solution provides additional power and information for website, application, and network analytics.
Path Network’s product is working and they have a business model which helped them achieve this successful story. Even through they find themselves near the bottom of the list, even being on this list means they’ve achieved something.
Token – PATH
Price in ICO – 0.8295 USD
Country – USA
Whitelist/KYC – KYC Only
Restricted areas – USA, Canada, Belarus, Burundi, Central African Republic, Democratic Republic of Congo, Cuba, Iran. Iraq, Lebanon, Libya, North Korea, Somalia
preICO start – 16th Jun 2018
preICO end – 7th Aug 2018
ICO start – 8th Aug 2018
ICO end – 1st Sep 2018
Official website of the Path Network
This project raised $145,000 for the duration of their ICO. The homepage was not updated and the ability to invest more was open to consumers.
This result places them on the eleventh spot on this list.
This ICO still had their token sale open when we were writing this article they managed to raise only $94,880 for the duration of their fundraising campaign.
Homepages that are not updated after the ICO ends with capabilities for readers to purchase tokens are a liability. The project could be abandoned or fraudulent, so we will not provide any sort of publicity for them.
This project cannot be considered a success, mainly because of the weak value prepositions. I only hope they will refund investors, because I’m pretty sure somebody somewhere is feeling pretty sour about his decision to invest in this project.
Did you like this article?
Give us support in the comment section if you enjoyed this series.
All of the ICOs that found themselves on this list have achieved some success, but as we can see there are heavier projects that investors have entered with great certainty. This should give hope to ICOs and hopefully we can see better attempt rates in the following months.
It is truly sad when ICOs suddenly decide that there are “unfavorable market conditions” and decide not to go through with their decision to have a fundraiser.
That is probably very good for investors, because the companies are showing themselves and say “We can’t really stick to a decision”. It is understandable to have negative expectations about adoption, but it should not stop entrepreneurs and their team to go through with their decisions.
If you change your mind once, you are likely to do it again, and investors do not like that.
If you enjoyed this series and want to see more, comment below and show us your support to continue moving in this direction.
The post Successful ICO Roundup – First Week of September appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/successful-ico-roundup-first-week-of-september/
The Daily: Shapeshift Shuts Down Prism, Jamie Dimon Wants to Be President
In today’s edition of The Daily we cover stories about Shapeshift shutting down its decentralized portfolio platform Prism, the bitcoin-hating CEO of JP Morgan, Jamie Dimon, thinking he can be elected US President, an exchange expanding to 20 more states, and further censorship of bitcoin-related accounts on Chinese social media.
Also Read: 66% of Cryptocurrency Enthusiasts Don’t Want to Receive Wages in Fiat
Shapeshift Shuts Down Prism
Shapeshift, which recently announced a shift to a mandatory membership model, is now also shutting down its decentralized portfolio platform, Prism. When it was launched last year, Prism promised the ability to secure a basket of cryptocurrencies without exposure to third party risk, meaning without leaving your funds on an exchange. It also featured some social trading capabilities, like displaying public performance leaderboards so users could learn from top traders and copy their portfolios.
Shapeshift didn’t indicate that the move is related to its recent change of model, instead stating it has been done to focus on developing its core product line. “With the work we’ve done over these past 18 months, it’s become clear to us that there is actually a different (and likely superior) product to be built with this underlying technology. It requires more than a pivot: a reimagining of the product itself…These reasons combined have led us to the conclusion that we should sunset the current Prism product, both in order to focus on our core platform, and to clear the pallet for a potential reimagining of what this technology can do later on.”
Bitcoin-Hating Banker Thinks He Can Be Elected President
Jamie Dimon, the CEO of JP Morgan Chase and former director of the New York Fed, seemingly loves to stir up controversy in a way that will grant him maximum publicity before quickly retreating. After attacking bitcoin as a fraud and regretting it, he has now said he can be elected President of the United States – and then almost immediately took it back. Apparently the Wall Street banker thinks he can beat current president Donald Trump because “I’m as tough as he is, I’m smarter than he is.”
It would have been both entertaining and enlightening to discover just how much the American public love bankers in this ultimate popularity contest, but Dimon took his words back as soon as they were made public, proving he is neither as tough nor as smart as he imagines. “I should not have said it. I’m not running for president. Proves I wouldn’t make a good politician.”
Okcoin Expands to 20 More States
Okcoin exchange has announced an expansion into 20 new states with token-to-token only trading. These include: Alaska, Arizona, Colorado, Idaho, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Jersey, Tennessee, Texas, Utah and Wisconsin. And the team have added they are in the process of applying for money transmittal licenses (MTL) in the remaining states for both token-to-token trading and fiat-to-token trading.
“In order for the cryptocurrency market to reach its full potential, exchanges like Okcoin have to work with existing and new regulators for convertible virtual currency, digital goods, and/or securities,” said CEO Tim Buyn. “Our team has worked diligently within the complexities of the US regulatory frameworks. We’re excited to take this major step forward as we aim to break down the barriers preventing a truly global digital asset market while adhering to long established regulations.”
Wechat Blocks Bitmain
According to reports from China, the dominant social network Wechat has blocked one of Bitmain’s accounts (“antminersale”). This comes after last month the network shut down the Wechat social media accounts of several local crypto news outlets, and the government blocked access to 124 foreign exchanges said to be targeting Chinese and banned hotels and other venues from hosting blockchain-related events. Considering these recent actions, some commentators see the move against the mining hardware producer as part of a new crackdown on the industry in China.
What do you think about today’s news tidbits? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.
The post The Daily: Shapeshift Shuts Down Prism, Jamie Dimon Wants to Be President appeared first on Bitcoin News.
The post The Daily: Shapeshift Shuts Down Prism, Jamie Dimon Wants to Be President appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/the-daily-shapeshift-shuts-down-prism-jamie-dimon-wants-to-be-president/
-
Featured The United States continues to divide over the issue of cryptocurrency generally and bitcoin in particular. Idaho and Alaska is...
-
All great businesses got that way by constantly researching and developing. Innovate or die. But innovation is not easy, as it takes a lot o...
-
2017 will likely be remembered as the Year of the Blockchain. There’s no doubt in my mind that blockchain technology is here to stay and wi...
