Thursday, 13 September 2018
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 […]
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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.
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source https://cryptocurrencyonline.co/the-daily-shapeshift-shuts-down-prism-jamie-dimon-wants-to-be-president/
Canadian Regulated Bitcoin Trust Achieves Mutual Fund Trust Status
A Canadian regulated bitcoin trust has achieved the mutual fund trust status, allowing eligible investors to invest in the trust through government-sponsored tax-efficient investment plans. The investment is approved by the Ontario Securities Commission and the British Columbia Securities Commission.
Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals
Mutual Fund Trust Status
First Block Capital Inc. announced on Monday, September 10, that its flagship product, the FBC Bitcoin Trust, “has now achieved mutual fund trust status.”
As such, the trust has become the “first and only” investment product approved by the Ontario Securities Commission (OSC) and the British Columbia Securities Commission (BCSC) to offer “unit holders the exclusive opportunity to hold units of a bitcoin investment in their Tax Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP).”
Noting that the investment is available only to accredited investors, the firm explained:
The trust units are [now] considered a qualified investment for a mutual fund trust under the Tax Act, having exceeded 150 unit holders within one year of launching.
The firm describes itself as “Canada’s first fully registered, dedicated cryptocurrency and blockchain investment company” that holds exempt market dealer (EMD), portfolio manager (PM) and investment fund manager (IFM) licenses. Its co-founder and chief investment officer, Marc van der Chijs, detailed:
Our goal is to make investments in the digital currency asset class more accessible and we are one step closer to achieving this goal by allowing unit holders to place units in government sponsored tax efficient vehicles, and by providing daily liquidity.
Two More Funds Coming Soon
In addition to the bitcoin trust, the firm plans to launch two investment products. The company’s funds are kept in Xapo’s cold-storage vault.
The first of the two is the Active Blockchain Opportunities ETF which is “an actively managed ETF dedicated to uncovering the best companies exposed to this global secular theme,” the firm describes.
The other product is the Cryptocurrency Index Fund that tracks the performance of tokens selected by the firm’s management team. The company explains, “The evaluation of selecting a token into our index fund is mainly determined by the development of its technology, market capitalization, and market liquidity. The goal is to provide investors with a transparent benchmark in this new asset class.”
What do you think of this bitcoin trust? Let us know in the comments section below.
Images courtesy of Shutterstock and First Block Capital Inc.
Need to calculate your bitcoin holdings? Check our tools section.
The post Canadian Regulated Bitcoin Trust Achieves Mutual Fund Trust Status appeared first on Bitcoin News.
The post Canadian Regulated Bitcoin Trust Achieves Mutual Fund Trust Status appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/canadian-regulated-bitcoin-trust-achieves-mutual-fund-trust-status/
Wednesday, 12 September 2018
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