App Name: TradingView - stock charts, Forex & Bitcoin ticker Description: Stock charts with real-time market quotes & trading ideas. Traders & Investors. Simple for beginners and effective for technical analysis experts, TradingView has all of the instruments for publication and the viewing of trading ideas. Real-time quotes and charts are available for wherever you are at whatever time. At TradingView, all data is obtained by professional providers who have direct and extensive access to stock quotes, futures, popular indices, Forex, Bitcoin and CFDs. You can effectively track stock market and major global indices such as the NASDAQ Composite, S&P 500 (SPX), NYSE, Dow Jones (DJI), DAX, FTSE 100, NIKKEI 225, etc. You can also learn more about exchange rates, oil prices, mutual funds, bonds, ETFs and other commodities. TradingView is the most active social network for traders and investors. Connect with millions of traders from around the world, learn from the experiences of other investors and discuss trading ideas. Advanced Charts TradingView has excellent charts that surpass even desktop trading platforms in quality — all for free. No compromises. All of the features, settings and tools of our charts will also be available in our app version. Over 10 types of charts for market analysis from different angles. Starting with an elementary chart line and ending with Renko and Kagi charts, which focus heavily on price fluctuations and barely take time into account as a factor. They can be very useful for determining long-term trends and can help you earn money. Choose from a large selection of price analysis tools, including, but not limited to, indicators, strategies, drawing objects (i.e. Gann, Elliot Wave, moving averages) and more. Individual watchlists and alerts You can track major global indices, stocks, currency pairs, bonds, futures, mutual funds, commodities and cryptocurrencies all in real-time. Alerts will help you not to miss the smallest of changes in the market and will allow you to react in time to invest or sell profitably, increasing your overall profit. Flexible settings help you to track the indices you need and also group them in a way that is convenient for you. Syncing your accounts All saved changes, notifications, charts, and technical analysis, which you began on the TradingView platform will be automatically accessible from your mobile device through the app. Real-time data from global exchanges Gain access to data in real-time on more than 100,000 instruments from over 50 exchanges from the United States, Russia, the East, and countries in Asia and Europe, such as: NYSE, LSE, TSE, SSE, HKEx, Euronext, TSX, SZSE, FWB, SIX, ASX, KRX, NASDAQ, JSE, Bolsa de Madrid, TWSE, BM&F/B3, MOEX and many others! Commodity prices In real-time, you can track prices for gold, silver, oil, natural gas, cotton, sugar, wheat, corn, and many other products. Global indices Track major indices of the world stock market in real-time: ■ North and South America: Dow Jones, S&P 500, NYSE, NASDAQ Composite, SmallCap 2000, NASDAQ 100, Merval, Bovespa, RUSSELL 2000, IPC, IPSA; ■ Europe: CAC 40, FTSE MIB, IBEX 35, ATX, BEL 20, DAX, BSE Sofia, PX, РТС, ММВБ (MOEX); ■ Asian-Pacific Ocean Regions: NIKKEI 225, SENSEX, NIFTY, SHANGHAI COMPOSITE, S&P/ASX 200, HANG SENG, KOSPI, KLCI, NZSE 50; ■ Africa: Kenya NSE 20, Semdex, Moroccan All Shares, South Africa 40; and ■ Middle East: EGX 30, Amman SE General, Kuwait Main, TA 25. Cryptocurrency Get the opportunity to compare prices from leading cryptocurrency exchanges, such as HitBTC, Binance, BitBay, Coinbase, Mercado Gemini, Kraken, Huobi, OkCoin, and many others. Get information on prices for: ■ Bitcoin (BTC), Litecoin (LTC), Ripple (XRP); ■ Ethereum ( ETH), Ethereum Classic (ETC), IOTA; ■ Dogecoin (DOGE), USD Coin (USDC), Tron (TRX); ■ Stellar (XLM), Tether (USDT), Cardano (ADA); ■ Monero (XMR), ZCash (ZEC), Dash. Playstore Link: https://play.google.com/store/apps/details?id=com.tradingview.tradingviewapp Mod Features: Additional indicators available in pro version of this app
Quant Network partners with AX Trading to bring Digital Assets to Wall Street
US-Based AX Trading, a partner of Euronext (the leading pan-European exchange in the Eurozone and the sixth largest in the world with a market cap of $4.65 trillion), intends to integrate with Quant Network for digital asset interoperability. In addition to being SEC regulated AX Trading have huge reach into European market as well. George O’Krepkie, AX CEO said: “We look forward to partnering with Quant. Their technology will allow our blockchain agnostic security token exchange to communicate seamlessly with issuers, traders, investors, and regulators across different blockchain protocols. This is a key technological breakthrough that will help us bring the benefits of security tokens to Main Street and Wall Street.” From an article in 2013, Nasdaq and AX Trading Look at Block Trade Alternative To HFT: "The average market capitalization of stocks on the site is $1.8 billion, while the average order size is approximately 85,000 shares and average trade size is approximately 48,000 shares. The average daily volume on an initiated order is 800,000 shares a day." In 2016 AX Trading launched the much improved AX Trading Network. “We are the world's first Electronic Trading Network (ETN), where institutional traders can proactively connect and trade with one another in a secure environment. We will go live with over 800 institutional traders involved in our trading platform.“ It is expected that the first interoperable digital asset offering may commence as soon as January 2020, and that the AX Trading ATS will be ready to enable and list interoperable digital assets and securities. Recently Quant Network announced that they’ve been working with Binance to provide interoperability to Binance Chain through their Overledger operating system, bringing enterprise use cases to new decentralised finance infrastructure. Binance Chain users will benefit from being able to transact assets across Corda, Hyperledger and Ripple as well as Bitcoin, Stellar and Ethereum public blockchains.
After the Bitcoin crash: do others fear me for greed?
At 6:30 pm on March 12, Bitcoin dropped from $ 7211 to $ 5555.55. The bitcoin price dived again this morning, slumping nearly $ 2,000 again in half an hour, the lowest fell to $ 3,782.13, a drop of more than 40% in 24 hours. According to the data of the contract emperor, only Huobi, OKEx, Binance, and BitMEX exchanges had a daily short position of 3.133 billion US dollars, which reached the highest in a single day in history. The number of liquidated positions exceeded 110,000, which was also the highest in a single day. Also on March 12, the S & P index fell 260.74 points, triggering the fusing mechanism for the second time this week. The Dow hit its largest decline in history, at 2352.6 points. The Nasdaq fell 750.25 points to 7201.8 points. This is the third time in the history of US stocks. This fuse has been 33 years since the first fuse, but only 4 days have passed since the last fuse. Buffett shouted, "I only lived this way in 89 years." It is reported that Buffett lost $ 6.8 billion last night. According to incomplete statistics, with the exception of the United States, the stock markets of 11 countries including Canada, Mexico, Japan, South Korea, Thailand, India, the Philippines, Indonesia, Brazil, and Pakistan plummeted. The five largest US technology companies, Apple, Amazon, Google, Facebook, and Microsoft, had a cumulative market value of $ 416.63 billion. The Bloomberg Billionaires Index shows that the top 15 richest people in the world lost a total of $ 46.4 billion. Market panic or pullback demand? Regarding the meltdown of U.S. stocks this week, Yang Delong, chief economist of Qianhai Open Source Fund, believes that the spread of the epidemic is not the main reason. It is more a decade of bull market for U.S. stocks. Some factors driving the rise of U.S. stocks are quietly changing, such as the Federal Reserve ’s interest rate There is not much space. Regarding this crazy drop in Bitcoin, Apocalypse Capital told InfoQ that there are two main reasons for this drop in Bitcoin: on the one hand, the bearish demand caused by the expected global economic downturn, and on the other hand, Bitcoin Callback requirements themselves. As we all know, Bitcoin will be halved in the second half of the year, but the trading market pays attention to speculation expectations. This round of rise has essentially halved the market. After hitting a high of 10500, Bitcoin is facing a callback demand. Of course, this round of downtrends is so rapid and there are only a handful of recurrences in the history of Bitcoin, which are inextricably linked to the decline in global stock markets, both of which are the result of expectations of a bearish global economy. However, Johnson Xu, chief analyst of TokenInsight, told InfoQ that the Bitcoin dip was mainly due to market panic, because some market participants bought bitcoins by buying mining machines, borrowing, etc., and expected to reduce their expectations by half. A linkage effect caused by everyone being too optimistic about the market. The market is overhyped because Bitcoin is halved, and some market participants are afraid to miss the opportunity to enter the market irrationally. The current market slump is driven by strong irrational behavior, which translates into a rapid downside response and quickly depletes market buyers' liquidity (flattening down). When the overall financial market panic or other unexpected events are caused by the New Crown virus and the global economic slowdown, market participants often seek to withdraw assets such as stocks and bitcoins and convert these assets into cash (cash is king). So has the recent gold sell-off. When the market panics, people ask for cash in the beginning instead of investing in safe-haven assets such as gold. At the same time, because gold is considered a high-quality asset, investors usually start with liquidity crunch and market panic. Cash in on good assets (because inferior assets are more difficult to sell in panic times). The Bitcoin crash this time has a certain connection with the decline in global stock markets, because the entire financial market is a globalized market, and there is more or less linkage between each asset. In addition, Forbes speculated that it may be because PlusToken scammers transferred bitcoins worth more than 100 million US dollars to the mixer, and then sold bitcoins, resulting in rising market supply.
Other people are greedy, I am afraid, others are afraid of me, greedy? In this case, should investors still expect "halving the market"? Johnson Xu believes that there is no such thing as a "half quotation", and most market participants are too optimistic about the halving of Bitcoin. Price fluctuations are not necessarily caused by halving, but may be caused by the sum of other factors. When everyone is saying that they are optimistic about the market, the existence of risk is ignored in the subconscious. At this time, the risk will be actually reflected, and the upside will gradually shrink. Bitcoin halving was written into the code, and it was not an accident. Bitcoin should be halved in a rational way. It is worth looking forward to, but not overly interpreting and speculation. However, Tianqi Capital believes that this plunge is a callback period for bitcoin's halving of the market, and each round of sharp decline also indicates the opportunity of the market outlook: cheap chips will be hoarded, waiting for the next wave of hype and explosion. Therefore, Tianqi Capital still believes that the market outlook of Bitcoin is worth looking forward to, provided that it is not frightened by the current fierce washing of the chips, after all, when the bear market is the worst, it is also when gold is everywhere. Regarding the future trend of Bitcoin, Apocalypse Capital stated that it should judge according to the current trend. In this round of market, Apocalypse Capital initially chose to follow the downward trend of May 18, and Bitcoin has gradually dropped from a high of 10,000 to 3150 points, so the big support level predicted by this round happens to be 3700 today. Near the point. Data monitoring shows that some funds are involved in this price range. But whether it can hold on to this support remains to be tested. If the 3700 support cannot be maintained, it is very likely that it will hit the US $ 2000 level. Tianqi Capital believes that this is the market's last line of defense. Long-term investment is recommended to buy some relatively stable targets, such as BTC, ETH, etc. The bear market will eliminate many currencies, but if it survives, it will shine in the next round. Johnson Xu believes that the plunge is also a test to promote the healthy development of the industry. Extreme market is a test for the entire industry, especially for infrastructure, risk management, etc., so it is still optimistic and supports the development of the industry for a long time. For current investors, Johnson Xu offers the following suggestions:
Other people are greedy, I am afraid, others are afraid of me, greedy.
Global financial markets have also undergone major changes. From the data point of view, I don't think Bitcoin has the attributes of a safe-haven asset, but this market can test whether Bitcoin has a certain risk-avoidance capability. This is a global world. We need to analyze various markets, not just the digital asset market.
In the long run, we are still optimistic about the digital asset industry.
Does Bitcoin have a fusing mechanism? On March 9, after the U.S. stock market crash triggered the fusing mechanism, the market began a discussion of "whether Bitcoin should set up a fusing mechanism". But at present, most people are not optimistic about the Bitcoin fusing mechanism. OKEx CEO Jay Hao said that the fusing mechanism is difficult to implement in the digital currency market. In the face of a highly volatile market, setting the fuse point is a difficult problem. At the same time, for a 7 * 24h market, when a certain exchange breaks down, the price difference between the digital currencies between the platforms will increase, leading to arbitrage, and the fuse mechanism will eventually become a decoration. Du Wan, the co-founder of Contract Emperor, also said that it is unrealistic to use a fuse mechanism in the currency circle. The fusing mechanism first violates the original intention of the decentralization of the blockchain, and at the same time, it will touch the interests of the top of the currency circle ecological chain. For example, large trading teams can no longer use pins to obtain large profits. When the market is panic, exchanges with a fuse mechanism may lose traffic to exchanges without a fuse mechanism because of the run effect of traders. It can be seen that the current risk aversion measures in the traditional stock market are difficult to transfer to the fickle currency market in a short time, and the regulation of this market still has a long way to go. Investors should still be cautious when investing.
Quant Network partners with AX Trading to bring Digital Assets to Wall Street
US-Based AX Trading, a partner of Euronext (the leading pan-European exchange in the Eurozone and the sixth largest in the world with a market cap of $4.65 trillion), intends to integrate with Quant Network for digital asset interoperability. In addition to being SEC regulated AX Trading have huge reach into European market as well. George O’Krepkie, AX CEO said: “We look forward to partnering with Quant. Their technology will allow our blockchain agnostic security token exchange to communicate seamlessly with issuers, traders, investors, and regulators across different blockchain protocols. This is a key technological breakthrough that will help us bring the benefits of security tokens to Main Street and Wall Street.” From an article in 2013, Nasdaq and AX Trading Look at Block Trade Alternative To HFT: "The average market capitalization of stocks on the site is $1.8 billion, while the average order size is approximately 85,000 shares and average trade size is approximately 48,000 shares. The average daily volume on an initiated order is 800,000 shares a day." In 2016 AX Trading launched the much improved AX Trading Network. “We are the world's first Electronic Trading Network (ETN), where institutional traders can proactively connect and trade with one another in a secure environment. We will go live with over 800 institutional traders involved in our trading platform.“ It is expected that the first interoperable digital asset offering may commence as soon as January 2020, and that the AX Trading ATS will be ready to enable and list interoperable digital assets and securities. Recently Quant Network announced that they’ve been working with Binance to provide interoperability to Binance Chain through their Overledger operating system, bringing enterprise use cases to new decentralised finance infrastructure. Binance Chain users will benefit from being able to transact assets across Corda, Hyperledger and Ripple as well as Bitcoin, Stellar and Ethereum public blockchains. Associated links:
An open letter to the community - We need to put our money where our mouths are and support decentralization and dApps
Hey everyone, As I'm sure you all know full well, early adoption of crypto is primarily speculative trading, so this post is gonna focus mainly on the problems with trading in this space right now (centralized exchanges, regulations, lack of investment products, etc), and how we can shift our mindsets as a community to put our money where our mouth is and rally behind startups doing the right things (decentralized exchanges, dApps, protocols and necessary infrastructure). Why? Because for the first time in history we have a disruptive new technology that can really change the landscape in every industry imaginable, and we are at the stage where we're planting the seeds of these new products and companies, so why not support the right ones so we can realize the future we're all envisioning? I recently wrote an article on this on Hackernoon here: https://hackernoon.com/its-time-to-address-the-massive-problems-of-centralized-exchanges-ac2cfb66bef8, but I thought I'd expand on it and share my thoughts on how to move this space forward in terms of getting more dApp adoption and usage.
Who uses dApps anyways?
Blockgeeks just published a report on dApp usage for those interested, there is definitely some growth but since the bear market it has definitely tapered off: https://blockgeeks.com/guides/report-dapps-november-2018/ It's obviously nowhere near mainstream adoption, but it's a great start, so there's hope! There's definitely a ton of things that should immediately be addressed and are of high importance IMO, so I'm going to lay them out:
First, we need to address the massive problems of centralized exchanges
Bitcoin aside, the crypto space as a whole is still pretty young, the current experience of trading crypto assets is understandably a fragmented experience with scattered pockets of liquidity, and a highly technical and high friction process. But the irony is that we have the technology to avoid the security flaws that plague centralized exchanges and the adoption of crypto - decentralized trading. There are a ton of centralized exchanges available to the public today, but a much smaller subset of these exchanges are properly regulated, not to mention trustworthy and reliable. I know the pro traders out there might say, "Well DEXes aren't fast enough, or I can't run bots on them yet". That's fair, but if you want to see them succeed some day, every trade helps. If it's a trade that you think is executable on a DEX, do it there instead of on a centralized one. That's how adoption happens, one user at a time. While industry pioneers like Coinbase have pushed the space forward and newer entrants like Binance raised the bar for the alt-coin trading experience, the industry still suffers from constant hacks and malicious acts. We need to stop relying on centralized trading/hot wallets as they are huge security risks As far as we know, over $1 billion worth of crypto assets have been hacked & stolen from centralized exchanges in 2018 alone. Here's the biggest incidents in 2018:
$500 million worth of NEM stolen from Coincheck — The 2nd largest exchange in Japan
$195 million hacked from BitGrail — Italian exchange and the first to list Nano (I myself was a victim of this)
$45 million hacked from Binance — One of the largest global exchanges
$40 million stolen in Coinrail hack — A boutique exchange in South Korea
$60 million hacked from Zaif — Exchange in Japan
The root cause of this is that centralized wallets are increasingly large honeypots. The nature of a centralized exchange dictates that some trusted third party is storing the crypto assets of its users to create a pool of liquidity, this being done mostly by aggregating funds into exchange-owned digital wallets where assets from users are pooled into. Millions of people could lose not just money but also their identity and data handed over to centralized exchanges as well. While we're still in a bear market this may not happen as frequent, but it's reasonable to be expect that in the next bull-run the frequency and severity of attacks will only rise and a scenario in which an attack as widespread as the recent 50 million user Facebook hack — where both private data and money were stolen — could happen. There's already plenty of exchanges that are careless with handling user identity, handing over your personal ID is not a trivial matter and exchanges should follow the best practices to store and secure them if they're asking for them.
Second, we need clearer, more sensible regulation that fosters innovation and protects investors
This may be an unpopular opinion around these parts, but sensible regulation is good for both the industry and users, to ensure exchanges coming online meet certain requirements, so we're not operating and trading in this wild wild west of shady exchanges. People who trade today need to have a pretty damn high appetite and tolerance for risk, not to mention an acute ability to discern legitimate investments from the rampant exit scams and phishing attacks. (Just see yesterday's thread about the guy's dad who bought into Onecoin on the advice of a "friend"). The vague stance on the part of governments also means many crypto startups operate in a regulatory grey area (I have first hand experience with this working in the space). The SEC only recently clarified that they view Bitcoin and Ethereum as not a security token, meaning it wouldn’t be subject to existing securities laws. IMO the current lack of regulatory clarity has lead to a low barrier of entry for operating crypto exchanges, however this is starting to change as seen with the recent EtherDelta SEC charges, they're clearly making a statement now that you need to follow the laws when you open an exchange. But we can do better, and push lawmakers to create more defined rules that we need to play by, and at the same time educate them so they understand not just the technology, but the implications and potential use cases and how we can get there while allowing companies to innovate, new startups to rise, all while protecting consumers. That way we'll have more legal clarity as the industry matures that is business friendly.
Third, we need a more diversified set of investment products/options for crypto. More wealth generated = more growth and adoption
Up until recently, you were only able to purchase tokens on their own from an exchange. Today, we are starting to see an emergence of basic index funds such as the new Coinbase Bundle and Bitwise. It wasn’t until late 2017 that we saw the introduction of Bitcoin Futures from CBOE and CME. We expect new companies to continue entering this arena, especially crypto ETFs (ie: Bakkt in Jan 2019 maybe?), as well as other attempts at index funds or derivatives. There's a bunch of teams doing great stuff:
Bitwise - They're one of the first crypto index funds
Hodlbot - Another index fund
Shrimpy - A way to automatically invest and rebalance your portfolio
LakeProject - Working on AI driven investments that automatically build a portfolio for anyone (R&D phase)
Lastly, we need to punish greed and reward companies doing the right things
While it’s not a problem particularly limited to centralized exchanges, it’s been reported that listing a token can cost as much as $3 million. In contrast, listing a stock on NASDAQ costs $125k to $300k plus annual maintenance fees. This is just one example of the greed exhibited by those who have leverage and the middlemen who stand to profit in between (consultants, brokers, ICO firms, etc). These high fees dampen innovation as they’re too great of a cost to bear for most token/ICO projects. This is crucial for most projects as they need liquidity to bootstrap their network and to remain favourable with the community that invested in them. At least 7 of the top 10 exchangesengaging in excessive wash trading from 12x to over 100x their true volume. Foul play Plenty of centralized exchanges have been suspected and accused of wash trading (creating fake volume), insider trading, and price manipulation. High user trading fees As centralized exchanges carry more risk, and have more opaque control of their platform, they often charge higher fees compared to a decentralized exchange. Withdrawal limits Centralized exchanges impose a withdrawal limit, as a security measure to limit the amount that can be withdrawn at once. However, there’s also a misalignment of incentives, as they stand to benefit when you keep your funds locked on their platform so they can maximize trading fees There's a bunch of great projects and base layer infrastructure that people should look into and support, not just the protocols but also startups building on top of them, some of my fav protocols include:
0x Project - Powering decentralized exchanges for tokens, NFTs, etc
Set protocol - These guys are building a protocol to allow anyone to easily bundle any assets to create more sophisticated investment products
dYdX Protocol - This allows anyone to integrate margin trading and derivatives in their dApp
Dharma protocol - This protocol facilitates lending in a decentralized way
Compound protocol - A money market protocol that allows hodlers to earn interest on their tokens
Cosmos Network - Working on blockchain interoperability and tooling around Ethereum and Web3
Personally I'm working in one of the many, many startups in the space trying to build on top of these decentralized infrastructures to give everyone a more seamless experience to access, trade, and use crypto. But you can imagine how hard it is to gain any traction much less build a sustainable business especially in a bear market like this, and when everyone has either completely lost their motivation or still flocking to centralized exchanges to chase pumps knowing full well the risks and unethical practices. Cool story, what are you doing about it? I work with a team called the LakeProject, and we're a group of people that came together because we believe that decentralized platforms will address a lot of these concerns, so we're putting our money where our mouth is and building them. If you want to help or learn more about what we're doing here's our site: http://lakeproject.co. We also built our first decentralized product here which is a trading platform built on 0x: https://trade.lakeproject.co
In conclusion - Vote with your money and your time, it makes a difference
I hope this post made sense and I made somewhat of a decent case (?) on why we need to shift our mindset from simply trading and hodling to proactively choosing where to participate, what dApps to use, and which startups to support. IMHO this is key for adoption and it will seriously help startups (like ours) to grow and be able to make a difference in the industry and push forward and pioneer a new paradigm of operating a decentralized business. I think everyone in the space right now is still learning and trying to understand how that might look in the future, but the more support and usage we get, the sooner we'll learn and the brighter our future will be. If you've gotten this far, thanks for putting up with my clickbaity title and reading this thread :)
The Dow fell 200.23, or 0.78%, to 25,473.23 , the Nasdaq lost 84.46, or 1.13%, to 7,421.46 , and the S&P 500 declined 22.52, or 0.81%, to 2,748.93. The S&P 500 lost 0.8% on Thursday, as a negative economic outlook from the European Central Bank (ECB) helped fuel growth concerns and profit-taking interest. Thursday's risk-off mindset was made apparent by the underperformance of cyclical sectors and the flight-to-safety trade in the U.S. Treasury market where the 10-yr yield dropped six basis points to 2.64%. There was little in the way of a catalyst, so stocks continued to endure their worst weekly performance of the year. The Dow and S&P finished lower for the seventh time in the past eight days. Investors may have been looking forward to tomorrow’s monthly jobs data, but they are also growing weary waiting for news on the trade talks with China despite the next scheduled meeting not occurring until the end of the month. A technical violation of the S&P 500's and Nasdaq Composite's 200-day moving averages also contributed to some selling interest; both closed below that key technical level. 10 of the 11 S&P 500 sectors finished lower with consumer discretionary (-1.4%), financials (-1.1%), and information technology (-0.9%) leading the retreat. Conversely, the utilities sector (+0.3%) was the lone group to finish higher. In the U.S., initial jobless claims fell 3,000 to 223,000 in the week ended March 2. Q4 productivity grew at a 1.9% pace, which was a little firmer than expected. In Trump news, CNBC reported that Michael Cohen, former lawyer and fixer for U.S. President Donald Trump, has filed a lawsuit against the Trump Organization, alleging his former company has filed to pay "fees and costs" owed to him. TSLA was in focus following two separate reports, including one from CNBC saying that securities lawyers are claiming that CEO Elon Musk could face large fines and potential suspension as CEO for recent activity on Twitter that federal authorities said violated his September 29 agreement with the U.S. Securities and Exchange Commission. In addition, Bloomberg reported that the Pentagon is reviewing Musk's federal security clearance after he smoked marijuana on Joe Rogan's podcast in September. TSLA shares gained AH after a new filing showed a loan worth around $500M for use in China. AGN said a new experimental treatment for major depression failed in three late-stage studies, and the drugmaker added that it was "deeply disappointed" in the results. David Tepper's Appaloosa hedge fund, which has been pressuring the board of Allergan for changes, said "this latest fiasco" should "make apparent to all that the company's 'Open Science' business model is broken." Shares of Allergan closed 4% higher. Meanwhile, Reuters reported that the SEC is investigating whether the multi-tiered pricing system used by stock exchanges, including Intercontinental Exchange (ICE) and Nasdaq (NDAQ), favors big brokers at the expense of smaller ones. In Europe, the ECB held its key interest rates unchanged and said it now expects the key rates to remain at their present levels at least through the end of 2019, which is later than its prior guidance for no change until at least this summer. The ECB also said a new series of quarterly targeted longer-term refinancing operations, or "TLTRO-III," will be launched, starting in September 2019 and ending in March 2021, that "will help to preserve favorable bank lending conditions and the smooth transmission of monetary policy." The timing served as a reinforcement of the concern that the global economy is weakening and that the U.S. market has gotten ahead of itself pricing in a more upbeat growth outlook that isn't being corroborated with falling earnings estimates. Among the noteworthy gainers was YEXT, which rose 10% after it reported quarterly results and said it plans to hire over 200 employees in Germany over the next five years. Also higher after reporting quarterly results was GWRE, which gained 4%. Among the notable losers was WBA which fell 2.1% on concerns over potential increased regulatory pressures after the Food and Drug Administration called the company the top violator among pharmacies illegally selling tobacco products to minors. Among the notable losers after reporting quarterly results were TWI and BURL, which fell 22% and 12%, respectively. Also lower was KR, which fell 10% after the grocery store operator reported worse than expected sales and profits for the fourth quarter and gave lower than expected fiscal year guidance. Shares in Asia were mixed on Thursday following a third consecutive day of losses on Wall Street as investors sought developments on the state of U.S.-China trade negotiations. Meanwhile, U.S. tensions with China reached new heights as Chinese tech giant Huawei filed a lawsuit against the U.S. on Thursday. European stocks retreated, with the Stoxx Europe 600 down 0.4%.
The euro fell sharply against the dollar Thursday after the European Central Bank (ECB) unveiled a series of market-friendly policies amid a slew of rising risks.
EUUSD: -1.1% to 1.1184
GBP/USD: -0.7% to 1.3074
USD/CNH: +0.3% to 6.7340
USD/JPY: -0.2% to 111.57
U.S. Treasuries saw a continuation of their recent strength on Thursday, registering solid gains across the curve. Treasuries started the cash session on a modestly higher note and accelerated their advance after the European Central Bank released a dovish statement, which served as an acknowledgement of slowing growth in the eurozone. It was not a surprise that the ECB made no changes to its interest rate corridor, but the central bank also said that it intends to keep rates at their current levels throughout 2019, which is about three months longer than what was stated in its previous guidance.
2-yr: -5 bps to 2.46%
3-yr: -6 bps to 2.44%
5-yr: -6 bps to 2.44%
10-yr: -6 bps to 2.64%
30-yr: -5 bps to 3.03%
Oil prices rose in choppy trade on Thursday, as the market continues to draw support from ongoing OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran.
Metals Settlement Prices:
Apr gold settled today's session $1.20 lower (-0.1%) at $1286.35/oz
Mar silver settled today's session $0.05 lower at $15.04/oz
Mar copper settled $0.01 lower (-0.3%) at $2.91/lb
Agriculture Settlement Prices:
May corn settled $0.07 lower (-1.9%) at $3.65/bushel
May wheat settled $0.12 lower (-2.7%) at $4.38/bushel
May soybeans settled $0.12 lower (-1.3%) at $9.02/bushel
Energy Settlement Prices:
Apr crude oil futures rose $0.36 (+0.6%) to $56.61/barrel
Apr natural gas settled $0.03 higher (+1.1%) at $2.87/MMBtu
Mar RBOB gasoline settled $0.01 higher (+0.6%) at $1.80/gallon
Mar heating oil futures settled $0.01 lower (-0.5%) at $2.01/gallon
Cryptocurrency markets have recorded moderate gains and losses on the day, with Binance Coin (BNB) being the major gainer on the day. The leading cryptocurrency Bitcoin (BTC) started the day around $3,901, subsequently reaching its intraday high of $3,938.
Bitcoin: $3,928.99 (24hr: +0.68%)
Ethereum: $138.84 (24hr: +0.38%)
Ripple: $0.31 (24hr: -0.54%)
Russell +13.0% YTD
Nasdaq +11.9% YTD
Spoos +9.7% YTD
Dow +9.2% YTD
COST Q2 Rev $35.40Bln Est 35.68Bln, Q2 EPS $2.01 vs $1.69 exp. Up 4%
EB Q4 EPS $(0.17) Misses $(0.13) Estimate. Down 20%
investors will receive the Employment Situation Report for February and the Housing Starts and Building Permits Report for January on Friday. Summaryscrapedfromtheinterweb.Took0.18seconds.
New to Tokenized Assets and STOs (Security Token Offernings) and how Ravencoin fits in... here's a ELI5
It’s actually elegantly simple. The most powerful aspect of blockchain is an immutable record or ledger. So with that, one of the most valid use cases is tokenizing assets, so what does that mean.. quite simply anything in the real world you can think of that could be represented by a legally binding contract (historically mediated by a third party) can now be issued/tracked and transferred on the blockchain. Some examples are: The biggest use case is... Securities- a tremendous amount of interest is moving towards companies issuing stock as Security Tokens, this is a 60trillion dollar industry. The stock is no different than it currently is on paper other than how it is issued and who has custody of it. Currently all stocks are held by a third party clearing house and it costs companies up to $200,000 to be listed on an exchange like NYSE. Issuing stock via STO (Security Token Offerings) has major benefits in terms of efficiency and cost. Not only does it allow the market to trade 24/7 but it also offers instant settlements and a sliver of the cost. There are a lot of big players putting serious capital behind this, and it’s only a matter of time before the old clunky way is replaced by the high speed cost effective new way. Look up Circle, TZero, Templum, Coinbase and NASDAQ with Security Tokens in your search. That will give you an idea of how serious these players are. Also small businesses who could never list or IPO due to cost can now raise funding through Securities : A small business raises capital by issuing 10,000 tokens, each token holder then receives profit sharing. Other uses: -reward points for mileage plans or membership rewards -serialized precious metals or gems -real estate and land deeds -collectibles and fine art -supply chain -tickets to events -voting Again, the magic bean in all of this isn’t the asset itself. It is in how efficient, trust-less and cost effective it is to digitally verify Proof of Ownership. A Contract is a contract and that part is only as good as the issuer of the contract and the contract itself. But that is no difference now or 50 years ago for 50 years in the future it is all in how contracts are issued, track and verified. A tokenized asset is simply a digital contract that is legally binding like any other contract, be it on paper or on a database mediated by a third party or written on a napkin in a dingy bar. The revolutionary difference here, is the blockchain technology that takes out the need for a middleman and provides unparalleled digital security and immutability. Take Bitcoin, the king of blockchain, it is hands down the most secure and proven network in the world, it is constantly under attack, yet since its inception not a single transaction has been forged or altered. Yeah but what about all those hacks?? Those have nothing to do with the bitcoin network/blockchain and everything to do with the exchanges and custodians of the bitcoins. SOOO... why Ravencoin? Well if you're still with me... Ravencoin is currently the only Protocol that is custom built to handle the transfer of assets. There are others that can do asset transfers like Counterparty and ERC2-20 (ethereum) but those use a second layer solution, in other words they piggyback the asset information on a regular Bitcoin/ETH transaction and then another protocol scans the data and parses it out to deal with the Assets separately. This is extremely inefficient because one, you have to spend the native currency (BTC/ETH) to make the transaction in order to pass the data along the chain (ie expensive to do so) and secondly, the BTC/ETH blockchain doesn't natively recognize the asset (it just sees it as meta data passed along with the transaction). This means that there is a high risk of destroying the asset if for example someone sent a transaction with Asset Data to an exchange... poof, gone. -Ravencoin has solved for this MAJOR difference as it is not tacked onto another blockchain, the code natively recognizes assets and can issue and transfer them without spending the native currency. The only cost is the RVN it costs to create the asset and the mining fee to process a transaction (which is basically insignificant). Also: (borrowed from previous post by dcatt47) -Ravencoin is easier to use than other protocols because it removes the complexities of navigating smart contracts, and Ravencoin is purpose built for asset issuance and transfer. Ethereum, on the other hand, runs general purpose code contracts, and wasn’t designed with asset transfer as its primary use case, and therefore can never be as easy to use as Ravencoin. -Ravencoin allows messages to be broadcast to token holders. This capability is extremely important and valuable. Many ERC20 token issuers have learned the hard way that Ethereum doesn’t have a message broadcast system. -Ravencoin allows voting by the token holders. Vote tokens can be distributed to your token holders. Vote tokens can be sent to specific addresses to vote. -Ravencoin allows asset token holders anywhere in the world to be paid (in RVN) if desired. This reward or dividend feature is very powerful, and allows a capability that didn’t exist before the advent of crypto-currency. Ravencoin makes it simple and easy to reward your token holders and early believers in your project. If your interest is piqued, I would encourage you to do some digging and research the project. It is backed by some really big players in the Blockchain, financial and Commerce industries. To illustrate the public interest, RVN was just listed on Binance, one of if not the largest Crypto Exchanges in the world, and just yesterday alone, in ONE day the volume in trading was over 25KBTC (Approx $160,000,000)... that is astronomical for a relatively unknown project. Well, not anymore.. "the cat is out of the bag"
Cryptocurrencies are mixed as Bitfinex destroys 500 million USDT, more than half of its treasury supply
After Coindesk accused Bitfinex, a major cryptocurrency exchange and operator of stablecoin Tether (USDT), of publishing trading volume data from, “a market that doesn’t exist,”, Bitfinex responded, saying they do not publish fake numbers. In its article, Coindesk noted that Bitfinex does not offer a USDT/USD pair, however, their exchange reports substantial trading volume on its exchange for the pairing -- at the time of this writing, daily trading volume for USDT/USD on Bitfinex is reported as USD$33,598,474, or 18.30% of USDT’s total 24-hour trading volume. Bitfinex clarified in its rebuttal, saying they reach their daily trading volume calculation for USDT/USD by calculating the sum of USDT deposits and withdrawals to and from Bitfinex. Bitfinex provided a link to the application program interface (API) where this data is supposed to be visible, however, the link did not work at the time of this writing.
As per the Taipei Times, Taiwan is planning to release draft initial coin offering (ICO) regulatory framework by June 2019. The Taiei Times cited Welington Koo, chairman of Taiwan’s Financial Supervisory Commission (FSC), who spoke at a meeting of the Legislative Yuan Finance Committee, saying, “The more we regulate, themore this new economic behavior wanes.”
Binance, the world’s largest cryptocurrency exchange, has officially launched Uganda’s first ever fiat-to-cryptocurrency exchange, as per an official announcement on Medium. Currently, Ugandans are only able to trade Bitcoin (BTC) and Ethereum (ETH) through the domestic Ugandan shilling (UGX). Called Binance Uganda, the new fiat-to-cryptocurrency exchange is offering zero-fee trading until November 24th, 2018. According to the company statement, the launch of Binance Uganda is part of Binance’s initiative to contribute to blockchain technology development across the African continent -- shortly after their announcement, Binance’s charity wing donated USD$500,000 aid Uganda.
In a blog post published on Wednesday, Tether, the issuer of stablecoin USDT, announced that it, “redeemed a significant amount,” of USDT from circulation and that it will destroy 500 million USDT from its treasury wallet -- the 500 million destroyed USDT represents a whopping 52.8% of its total treasury supply for future issuances. This news comes after the value of USDT dipped below USD$0.90/token last week and after Circle and Coinbase partnered to list stablecoin USDC on Coinbase. Tether refered readers of the announcement to their white paper, where the firm states, "every tether issued or redeemed, as publicly recorded by the Bitcoin blockchain will correspond to a desposit or withdrawal of funds from the [company's] bank account."
Nasdaq, the world’s second largest stock exchange by market capitalization, has been awarded a new patent to tackle the implementation of blockchain in releasing new information to the media industry. Originally filed in January 2017, the patent references, “an information computer system […] provided for securely releasing time-sensitive information to recipients via a blockchain.” The patent explains the purposed system’s process, saying, “A submitter submits a document to the system and a blockchain transaction is generated and submitted to the blockchain based on the document […] An editor may edit the document and an approver may approve the document for release to the recipients.” This past June, Nasdaq tested a blockchain proof-of-concept system for securities collateral.
Setl, a UK blockchain startup, has received approval from French securities regulators and is set to enter the European Union’s settlement system. Setl aims to launch its Target2-Securities platform, a EUR1 billion network built to span across the European Union and settle securities processed by the European Central Bank. Setl is expected to launch in early 2019.
South Korea’s Financial Services Commission (FCS) issued a statement today warning investors to be cautious when investing in cryptocurrencies. Documents published on the FSC’s website warn investors that they could be misled by cryptocurrency funds and that investors could mistake cryptocurrency funds for legal public funds that comply with South Korea’s Capital Markets Act. The FSC added that cryptocurrency funds must be approved and registered with the FSC to operate legally -- something no South Korean cryptocurrency fund has done yet.
Find Out Why Institutions Will Flood the Bitcoin Market
As originally written via CoinLive: (improved reading experience) Back in 2017, the blockchain industry experienced an unprecedented interest which ended in what is often referred in financial terms as “irrational exuberance”, with a large portion of the rally led by retail-type investors flooding the market to ultimately chase prices at illogically hefty levels based on the infancy stage of the technological advancements and its implementations. That rise was too fast too quick and eventually, in early January 2018, the bubble-like move came to an abrupt end. The question now is, what will it take for another sustainable bull run to materialize? At CoinLive, we will inspect the key missing pieces of the puzzle. In this article, we will investigate the ever-growing list of evidence that shows why a new type of investors, the institutional ones, looks set to enter the market in mass. The two critical impediments for the ‘smart money’ to have been on the sidelines are clearly identifiable. Firstly, it has to do with custodianship, in other words, having formal mechanisms that allow the safe storage of the asset. Secondly, the regulation around the crypto market must be clarified with clearer guidance. When it comes to the first missing piece of custodianship, the NY Times recently helped shed a light on where we are headed. The influential newspaper reported that ICE (Intercontinental Exchange), which is the parent company behind the NY Stock Exchange (NYSE), is working confidentially in the implementation of swap contracts for banks and large investors that will be settled with the physical delivery of Bitcoin. For ICE to even consider this idea it means that the problem of legal custodianship is being worked out so that the backing and security of Bitcoins by the NYSE will be in place. This will open the floodgates to a whole new market, where the King of cryptos and other digital assets down the road become available to a much wider and more influential customer base. We are certainly at a stage where institutions have recognized that Bitcoin is “too big to ignore”. What’s also important is that by using a swap contract, the trading of Bitcoins will be oversight under the existing regulatory framework of the Commodity Futures Trading Commission, hence less regulatory uncertainty. As a reminder, the CFTC is headed by J. Christopher Giancarlo, who is a proclaimed pro-blockchain endorser after his popular appearance in front of a U.S. Senate hearing on blockchain technology last February, where he famously said: “We owe it to this generation to respect their interest in this new technology.” Moreover, earlier this year, Boston-based State Street, the world’s second-largest custody bank with around £24tn in assets under custody and administration, came out to announce that safeguarding clients' digital assets could be a service they are looking to provide a solution in the near future. If confirmed, it would represent a major move as it sets a precedent as the first global bank to provide custodianship services for crypto-related investments. While Bitcoin is not serving its initially intended purpose as a widely used method of payments (for now), it has found another appeal as a store of value that is uncorrelated to any other asset class, hence it has an exceptional use as a hedging strategy for multi-billion dollar portfolios to help reduce the overall volatility. Other stories strengthening the notion of institutional capital set to come into the cryptoverse include the news that Goldman Sachs will be trading futures contracts linked to Bitcoin’s price as an initial step, only to gradually transition into a more direct trading of buying and selling actual Bitcoins. Find our recent article where we explain why Goldman Sachs trading Bitcoin is such a big deal. Even the chief executive of Nasdaq, Adena Friedman, recently said considerations were being given to set up a virtual-currency exchange should the needed regulatory framework be resolved. Additionally, we have seen a growing trend of senior-level executives at institutional firms flocking off the safety of their well-established positions to venture into blockchain-related jobs. We include a few articles with evidence below: Goldman Sachs Executives are Moving to Cryptocurrency Hedge Funds Mike Novogratz Makes Goldman VP the COO of His Crypto Company Coinbase Hires Ex-Barclays Director to Expand Its Institutional Client Base Commonwealth Bank CFO to Lead Block.one as President and COO The migration in job positions from traditional financial markets into blockchain comes as no surprise and quite frankly, it appears to be a logical and rational step to be taken, especially in light of the new revenue streams the blockchain sector has to offer. Proof of that is the fact that Binance, a crypto exchange with around 200 employees and less than 1 year of operations has overcome Deutsche Bank, which has more than 100,000 employees and over 150 years of history, in total profits. What this communicates is that the opportunities to grow an institution’s revenue stream is formidable once they decide to integrate cryptocurrencies into their business models. Another piece of the puzzle, even if occurring behind closed doors, is the consideration to launch a Bitcoin ETF. Back in April, it was reported that the US Securities and Exchange Commission (SEC) has put back on the table two Bitcoin ETF proposals, according to public documents. The agency is under formal proceedings to approve a rule change that would allow NYSE Arca to list two exchange-traded funds (ETFs) proposed by fund provider ProShares. The introduction of an ETF would make Bitcoin available to a much wider share of market participants, with the ability to directly buy the asset at the click of a button, essentially simplifying the current complexity that involves having to deal with all the cumbersome steps currently in place. More evidence of the emergence of institutions playing a more dominant role in the blockchain industry is the unprecedented interest to amass Bitcoins in the OTC (Over the Counter Market). We perceive this trend as directly linked store Bitcoin as a store of value. This article by Bloomberg should give you a taste of what's happening behind the scenes: The Wealthy Are Hoarding $10 Billion of Bitcoin in Bunkers. As ConLive recently tweeted: "Our network of Insiders telling us between 5000-10.000 BTC are being sold every week OTC by Chinese BTC miners to Israeli buyers - Wall Street type - as they look to accumulate a big hand in BTC. “ !(https://coinlive.io/ckeditor_assets/pictures/868/content_2018-05-15_0957.png) Lastly, one of the most critical missing piece is the subject of global regulations. Back in March, Mark Carney, the head of Bank of England and the chief of the Financial Stability Board of G20 stated that “crypto-assets do not pose risks to global financial stability at this time.” That caused a temporary relief in the crypto sphere as the risk of a regulatory backlash was removed for the time being until July, the month when more clarity will be provided. The chair of the Argentina Central Bank, Federico Sturzenegger, on his role of sitting the G20 summit, said that members showed a unifying view on the need of cryptocurrencies to be supported by a more sound regulatory framework. The policy-maker, however, made it clear that they first need to examine the cryptocurrencies universe to gather the necessary data before proposing regulations. “In July we have to offer very concrete, very specific recommendations on, not ‘what do we regulate?’ but ‘what is the data we need?” Sturzenegger said. To sum up, the improvements in custodianship solutions, along with more clarity by the G20 committee, which is set to provide less uncertainty for institutional investors’ involvement, is a recipe for a renewed bull wave, this time of institutional capital, to shake up the crypto space. At CoinLive, we will not venture into the timing, as that is quite irresponsible trying to pretend we have a "crystal ball" to determine when moves will occur. We just simply look at the big picture and try to connect the dots by first breaking down the latest developments to then draw some conclusions. Never forget, markets should always be approached as a numbers' game, and while nothing is certain, we just attempt to envision and inform on scenarios with the highest likelihood.
1. HNST has successfully migrated to the BNB chain and has been listed on Binance Dex
https://preview.redd.it/rexxlqpfao731.png?width=800&format=png&auto=webp&s=8182404b44184cacc07d7ed1e84e28394c5bd227 Honest Mining has recently announced that their partnership with Binance and their migration to the Binance Chain ecosystem. By migrating to Binance Chain, Honest Mining is in a position to maximize its utility of Honest (HNST) token in the near future. All HNST holders will also be able to enjoy the near-instant transaction finality and one-second block times that Binance Chain offers. Following our previous announcement, the migration and support of the Binance Chain’s BEP-2 standard has been completed on Tokenomy Exchange as of 19 June 2019. All deposit and withdrawal functions have since reopened. 2. FlywithTEN PlayGame Competition has successfully concluded! https://preview.redd.it/nv5km5qmao731.png?width=1600&format=png&auto=webp&s=495a133a1797fc741185e973078b49b7a50269d2 Last month, in celebration of PlayGame’s partnership with Tokenomy, we launched FlywithTEN PlayGame competition! For this competition, participants had a fun time brushing up on their flying skills playing PlayGame’s Floppy Bird while standing a chance to win some exciting prizes. Total Prize 5gr of Gold will be distributed to the Top Score Winner and 3 Lucky Winners!Want to know if you could be one of the lucky winners? 📷📷 We will officially announce the Winners LIVE on the 4th July 2019. Remember to keep a lookout for the announcement on our Telegram chat groups and Social Media Accounts! 📷Top Score Rewards: 📷Winner: 1 gram of Gold 📷Participation Rewards: 📷Lucky winner #1: 2 grams of Gold 📷Lucky winner #2: 1 gram of Gold 📷Lucky winner #3: 1 gram of Gold We thank you for being an enthusiastic participant and supporter of FlywithTEN PlayGame Competition. 3. Tokenomy @ CryptoCompare Digital Asset Summit in London Tom Lee giving a talk on the future of Bitcoin Tokenomy CTO Rick Behl together with Andreas Antonopoulos, Bitcoin guru and author of the best-selling Mastering Bitcoin, The Internet of Money Series and Mastering Ethereum. Earlier this month, our Chief Technology Officer Rick Behl attended the CryptoCompare Digital Asset Summit in London. The CryptoCompare Digital Asset Summit is London’s first crypto, blockchain and finance conference to bring together institutional, retail and regulatory crypto experts. The summit revolved around four key themes: institutional involvement, crypto-asset and market regulation, the overall technology revolution, and the disruptive financial tools needed to propel the mass adoption of blockchain and cryptocurrency. It featured a great line-up of speakers, including keynotes from Andreas M. Antonopoulos, author of the best-selling Mastering Bitcoin and cryptocurrency experts from Binance, London Stock Exchange Group, Nasdaq and UBS. Overall, it was a fulfilling conference for Tokenomy with networking, partnership opportunities and expert talks on the latest trends in the industry!
Upcoming and Ongoing Events
1. Launch of Tokenomy Charity, in collaboration with Kitabisa
https://preview.redd.it/m1b3nteubo731.png?width=4254&format=png&auto=webp&s=c895c79c7a0ec0e799b66edca166e4619dec014e Last month, we announced the launch of a brand new feature on Launchpad: Tokenomy Charity! Tokenomy Charity aims to extend our support to charity causes kickstarted on KitaBisa by allowing our members to make donations using cryptocurrencies (TEN, BTC, ETH, or USDT). With the launch of Tokenomy Charity, we also introduced two very special projects in collaboration with KitaBisa: Project 1 — IT Islamic Boarding School Patungan Bangun Pesantren is currently raising funds to build an IT Islamic Boarding School that focuses on imparting technology expertise along with Islamic values to young Muslim children. By equipping our Muslim students with programming and digital marketing skills, we empower our children to contribute to the Indonesian society in valuable ways. Project 2 — Javier’s Treatment Our second project hopes to raise funds for a young boy, Javier who is currently suffering from Leukemia. 2 years ago, Javier was a happy and carefree boy. However, after returning home from a holiday, Javier started to fall sick. Even after going through multiple treatments in Indonesia, Javier could not be cured. Javier’s parents were told that he will stand a better fighting chance by seeking treatment in Singapore. Currently, Javier is undergoing chemotherapy in Singapore, but the total cost of his treatment in Singapore is a shocking 100 times of the family’s monthly income in Indonesia. Donate to make a difference, find out how you can help Patungan Bangun Pesantren and little Javier here: https://launchpad.tokenomy.com/charity
2. Indodax’s Community Coin Voting 10, in collaboration with Tokenomy
https://preview.redd.it/181lt9aybo731.jpg?width=760&format=pjpg&auto=webp&s=101d750b904b398aa909d625105e6c41341a18d6 Indodax’s Community Coin Voting, in collaboration with Tokenomy, is back and currently ongoing! What is Indodax Community Coin Voting? Indodax Community Coin Voting is a program to determine the new coins/tokens that are to be listed on Indodax, based on the demand of our very own members. This program has been running for more than a year and till date, more than 18.6 million TEN has been utilised by members to take part in the voting! Find out how you can participate in Indodax Community Coin Voting using TEN here! Stand a chance to win Datsun Go or Honda Beat Pop and Total 5 million Rupiah of Vouchers for 50 winners by voting for your favourite coin on Indodax when you use TEN! For more information, please visithere! About Indodax:Indodax (formerly known as Bitcoin.co.id), Tokenomy’s affiliated company in Indonesia, has become one the largest cryptocurrency exchange in Southeast Asia, and has a shared login with Tokenomy Exchange.
3. Tokenomy Will Support Vexanium (VEX) Mainnet Migration
Big Events And General Trend Of The Crypto Market In the 2nd Half Of 2019
On November 15, 2018, the BCH hard fork led to the “earthquake” of the crypto market, and the price started a bluff slump, nowhere has this seen to be more evident than in the change of BTC price, falling from $6,500 to $3,155 in just a month. However, after entering 2019, Bitcoin rallied through 4,000 US dollars, 6,000 US dollars and 8,000 US dollars in three months, and it has broken through $10,000, continuously hitting the new highs within the year. On the morning of June 22, BTC successfully rose above $10,000 for the first time in 18 months. As of June 26, BTC increased more than 246% during the year. (Source: 58COIN Exchange) (BTC Chart, 2019) Compared with gold, crude oil, stocks, and other mainstream assets, the growth rate of Bitcoin has more than doubled this year. The return rate of Bitcoin is close to 10 times that of the stock market this year, a complete victory over other markets. Bitcoin Surges Past $13,000, Hitting A 18-Month High Why has BTC surged sharply in the past three months? There is a variety of opinions regarding the matter. 1) Some analysts believe that the launch of Libra by the social media giant Facebook is pushing the winning streak of Bitcoin price. Besides, the launch plan of the physically-settled bitcoin futures contracts by Bakkt serves as another big part of the price surge. 2) According to the experience, every time the bitcoin is halved, the digital market will welcome a bull market. 3) Some believe that hyperinflation is a catalyst for the development of bitcoin. 4) It is said that the most important reason for this round of rising is the continuous involvements of various types of investment financial institutions, such as Fidelity, it has stepped into the BTC mining, etc. 5) Data shows that more new investors are attracted by the digital currency. Since there is a continuous USDT premium, the willingness of the out-floor to enter the market is strong. 6) From the technical perspective, Bitcoin has maintained a bullish parabolic trend, and it is expected to continue to rise once it breaks through the previous high. 7) Some even hold the grounds that the Sino-US trade war has led to the depreciation of the renminbi, and a large number of funds to choose bitcoin for hedging, becoming one of the reasons that result in the surge in BTC prices. 8) Of course, the abovementioned opinions are some of the reasons for the skyrocketing of bitcoin. Undoubtedly, the bull market of BTC has indeed arrived! Research into the root cause is meaningless, as people will always find reasons for price rise, and the rise does not need a reason. Entering The Bull Market, Five Hotspots To Follow 1. Bakkt is to be Launched Bakkt's highly regarded bitcoin futures plan was initially launched in November 2018 and has been pushed back several times due to delays in obtaining regulatory approval from the U.S. CFTC (Commodity Futures Trading Commission). Recently, it was reported that Bakkt plans to launch physically-settled of bitcoin futures contracts in July. Bakkt's on-line has been widely interpreted by various parties as the fuse for the arrival of the bull market. The main reasons are: 1) Providing a compliant and reliable access channel for the “regular investment army”; 2) Physical delivery regulates the market order and hangs a “Sword of Damocles” on the shorts. Bakkt was the best and even the only admission channel for the mainstream investors before the bitcoin ETFs passed. On Tuesday, June 25, the US Commodity Futures Trading Commission (CFTC) has approved bitcoin derivatives provider LedgerX to provide physically-settled bitcoin futures contracts. It is expected that Bakkt will be launched soon. 2. Bitcoin ETFs will be Approved Investors are not strangers to the Bitcoin ETF, it is one that mimics the price of the most popular digital currency in the world. This allows investors to buy into the ETF without going through the complicated process of trading bitcoin itself. As of now, there have been dozens of ETF proposals, but they were all been rejected by the SEC. Investors often compare bitcoin ETFs to gold ETFs and the price of the latter has skyrocketed since the first launch. Therefore, after the approval of bitcoin ETFs, a large influx of institutional investors will enter with a large number of investment funds, which will certainly serve as the driving force of the rise of bitcoin price. 3. The Popular Influx of Large Companies In addition to Bakkt and ETF, there are many other projects that can help institutional funds flood into the cryptocurrency market. This is one of the most important advances in terms of market confidence and price impact. Various ETF-like products have been very active. BinckBank offers Bitcoin ETN (Bitcoin Exchange Trading Voucher), and the SIX Swiss Exchange in Switzerland is approved for listing cryptocurrency exchange-traded products (ETPs) that allow investors to hold a package of various digital currency combinations... In the next few years, the largest global financial companies are also expected to launch a variety of encryption platforms. For example, Fidelity, one of the world's largest asset management companies, the Stuttgart Stock Exchange, the second largest exchange in Germany, and the Nasdaq in the United States, will provide bitcoin futures services. 4. Quality Projects and Technical Breakthroughs Accelerate Market Rally For investors, it is the most unwilling to go through a bear market. But in turn, the bear market is also a sieve that cleans up all the fraud and junk items in the cryptocurrency market, which is crucial for the industry. According to incomplete statistics, in 2018, more than 1,000 cryptocurrency projects were phased out, and countless digital currency exchanges were eliminated. Exchanges that completed the competition for survival of the fittest have been working hard to develop the products they promised over the past year. Therefore, quality projects and technical breakthroughs will surely have a positive impact on the long-term market. 5. Increased Supervision and Compliance The rapid emergence and development of cryptocurrencies have led the government to lag far behind in terms of regulation. Since there are huge risks in the daily transactions of investors, some governments have banned such transactions. Good supervision on the digital market is urgently needed to make the market more reliable and stable, so as to realize the real potential of the blockchain. Therefore, “supervision” is still one of the keywords in the second half of 2019. The beginning of the bull market has brought more hope and confidence in the market. Bitcoin has been well received by investors regardless of spot or futures. For the bitcoin price in the second half of the year, a digital currency analyst suggested that there are technical indicators show that bitcoin may rise to $60,000. Zhao Changpeng, CEO of the Binance, said: "There is no upper limit on the price of bitcoin." The bull market has started, however, compared with the past, this round of bull market boasts two main features: 1) A lot of institutional investors have indeed participated in this bull market, which indicates that bitcoin is gradually accepted by the mainstream financial investors; 2) The correlation between the bitcoin and other financial market core factors such as the conversion rate has become stronger and is gradually more affected by the international financial situation. As the volume of the bitcoin market becomes larger, it is becoming more standard and international. In a word, the bull market is coming, haven’t you got involved in bitcoin investment? 58COIN exchange is the right choice for you, it has launched the USDT contract and delivery contract based on the innovation of perpetual contract. Besides, with the rally of the cryptocurrency price, its cloud mining products have been well received by the market. Whether you are an adventurous or a conservative investor, you can always find a tailored product for you at 58COIN exchange. Website: https://www.58ex.com/ Facebook: https://www.facebook.com/coin.58COIN Twitter: https://twitter.com/58_coin Telegram: https://t.me/official58
The Dow fell 724.42, or 2.94%, to 23,957.89, the Nasdaq lost 178.61, or 2.43%, to 7,166.68, and the S&P 500 declined 68.24, or 2.52%, to 2,643.69. Stocks tumbled on Thursday as a slew of leery headlines left buyers on the sidelines. The S&P 500 lost 2.5%, dropping into negative territory for the year (-1.1%) and extending its week-to-date decline to 3.9%, while the Nasdaq and the Dow tumbled 2.4% and 2.9%, respectively. There was little doubt as to where the market was headed at Thursday's opening bell, as equity futures were down big in overnight trading. There wasn't a particular catalyst for the negative disposition, but disappointing PMI readings in the eurozone and Japan, an unsatisfying apology from FB CEO Mark Zuckerberg regarding the Cambridge Analytica data breach, and Wednesday's rate hike from the Fed didn't exactly bode well for investor sentiment. The biggest headline catalyst, however, was President Trump's decision to impose tariffs of up to $60 billion on Chinese imports; Mr. Trump officially signed a presidential memorandum on Thursday afternoon. However, the decision wasn't a surprise -- Reuters first reported the president's desire to punish China for intellectual property theft via tariffs last week -- and actually had a silver lining considering the tariffs will only be implemented after a consultation period. Still, the duties do give new energy to the trade war debate. Selling picked up notably in the final hour of the session, with the S&P 500 nearly doubling its earlier loss. The financial sector led the retreat, dropping 3.7%, as Treasury yields tumbled across the curve; the benchmark 10-yr yield declined eight basis points to 2.83%, while the 2-yr yield slid three basis points to 2.28%. The industrial sector (-3.3%) also showed notable weakness, while most of the remaining groups finished with losses of more than 2.0%. The most influential sector, information technology, declined 2.7% -- a discouraging sign for investors who have looked to the sector for leadership; the tech group led last year's rally and is still the top-performing sector of 2018 despite Thursday's slide, up 4.3% year to date. Among the noteworthy gainers was P, which rose 7.8% after Raymond James analyst upgraded the stock two notches to Strong Buy from Market Perform, saying he is positive on Pandora's acquisition of AdsWizz. Among the notable losers was ACN, tumbling 7.3%, despite beating earnings and revenue estimates for its fiscal second quarter and raising its guidance for the fiscal year. Elsewhere, the major stock indices in Europe ended on a lower note, closing at their worst marks of the day; Germany's DAX dropeed 1.790 while UK's FTSE dropped 1.23%. European financials had a woeful showing today, but most notably, DB —the owner of the world's largest derivatives book—slumped to its lowest level since late 2016. In the Asia-Pacific region, equity indices had a mixed outing with Japan's Nikkei (+0.99%) showing relative strength.
The U.S. Dollar Index is up 0.1% at 89.87, clawing back above its 50-day moving average (89.86), which has been an area of congestion over the past few weeks. The yen rose on Thursday, reaching a three-week peak against the dollar, as traders piled into the Japanese currency in a safe-haven move spurred by global trade tension and losses in stocks.
EUUSD: -0.28% to 1.2304
GBP/USD: -0.21% to 1.4108
USD/CAD: -0.03% to 1.2899
U.S. Treasuries ended Thursday on a higher note with 10s showing relative strength while 2s underperformed. Recall that Treasuries climbed into yesterday's close while 2-yr and 5-yr note futures continued rising after the cash session ended. The 10-year Treasury yield fell more than 8 basis points to 2.82 percent, its biggest one-day decline since September of last year. It dropped as low as 2.79 percent at one point.
2-yr: -3 bps to 2.28%
5-yr: -7 bps to 2.63%
10-yr: -8 bps to 2.83%
30-yr: -6 bps to 3.07%
Oil prices fell on Thursday as investors booked profits after this week's rally, but losses were limited by the continuing efforts of OPEC and its allies to curb supplies.
Mar WTI crude oil futures settled -$0.86 at $64.30/barrel on the day
In other energy, Mar natural gas settled -$0.02 at $2.62/MMBtu
Apr gold settled +$6.00 at $1327.60/oz, while Mar silver settled -$0.02 to $16.40/oz
Mar copper settled -$0.04 at $3.02/lb
Hogs: -2.27% to 75.475s
Beans: unchanged to 1029-6s
Bitcoin sank 4.4 percent to $8,506 on Thursday after Japan’s Financial Services Agency was said to be planning to tell Binance, the trading venue founded by Zhao Changpeng, to stop operating in the country without a license.
Crypto Rollercoaster: Explaining the Recent Market Performance
https://www.ccn.com/crypto-rollercoaster-explaining-the-recent-market-performance/ Just when it appeared that the cryptocurrency market was about to bottom out just a fortnight ago (with Bitcoin reaching a reported 14-month volatility low), the market subsequently started displaying indicators of a directional shift. Last week however, we saw a short-term appreciation in value. In typical crypto fashion it was just as rapid if not more so than the recent decline and Bitcoin, in particular, was observed to have exceeded “a key resistance level at $7,000 after breaking out of the $6,800 mark… crucial for the short-term recovery of Bitcoin.”. Right now however, we are looking at what some mainstream media organisations have described as an ominous price-crash: if not full-blown ‘meltdown’.
Causation Between News and Value?
The reasons for the crash – like many before – are likely plenty, such as the theory of market manipulation by wealthy crypto-barons, amongst other interested parties. Just looking at the news recently, we can identify a handful of reported events and moments which might have contributed, coincided with or preceded this rapid deppreciation in value. They include:
Goldman Sachs’ decision to shelf previously announced plans for opening a Bitcoin trading desk.
Speculative doubt stemming from recent pump-and-dumps which utilize the ‘Bitcoin’ moniker.
Prophetic warnings from pundits and other luminaries.
Looking at the Market
The large fall in value could be considered either a correction or a short relief. Either way, it is fair to say that if the market were to return to a more positive trajectory: we could expect the collective growth to be reflective year-over-year, exponentially. Coinschedule (an “ICO listing and cryptocurrency portal”) recorded $3.695 billion total funds raised in 217 from 209 ICOs. By compairson, the same site records 500% times more investment this year (up until August 2nd, 2018) – with $17.489 billion gathered from 686 ICOs so far. It is still important to bear in mind the sobering fact that a great number of ICOs and cryptocurrencies fail.
Additional Studies and Observations
Cezary Graf (AKA Crypto Poland) is a Polish blockchain enthusiast who recently shared a tweet which featured an image which depicted where ‘Bitcoin & The Crypto’ as a collective industry would place in Statista’s list of ‘The 100 largest companies in the world by market value in 2018 (in billions of U.S. dollars)‘. Graf’s post only provided information from the first page and 10 entries of Statista’s list. This suggests that the total industry value is comparable with the likes of Apple, Alphabet, and Amazon (The Big A’s) – whose combined value is over $2471.1 billion. Veering beyond these pages however and considering cryptocurrency’s overall market value has surpassed $262,5 billion. Comparatively it would fit it closer to 17th place – best resembling the following trio of financial industry giants.
Some of the great issues, conversely, plaguing the crypto market include fraudulent and scam ICOs: as well as honest projects which simply offer little to no value to justify their price or existence. This is in addition to (and arguably supported by) an almost universal lack of effective regulations or standards to prevent such tokens, and has led to some going as far as to call ICOs an ‘investment bubble’. If true, the space will prove unsustainable if it continues on its current trajectory: a claim which has been thrown around by those in the industry since at least the end of 2017. If, however, things continue as they are right now then we are likely to enjoy a profitable end of 2018.
Court of the Crypto Kings
No matter the market status: the value of many a cryptocurrency lies in their viability and practical effectiveness of their end-goals, and means of achieving them. Bitcoin of course is the original cryptocurrency and has established its value through its integrity (public whitepaper and open-source nature), as well as it’s practical effectiveness and the rate of adoption it has enjoyed upon implementation. Ethereum is arguably one of the most successful challengers to the BTC throne so far. The project helped to instigate the now-prevalent ‘Blockchain As A Service’ (BaaS) sector, and offers a platform upon which new utility tokens can be constructed – powered by ‘Ether’. Lightning Bitcoin is an example of the new market contenders. One of many which offer a direct and highly competitive alternative to many of the key features associated with Bitcoin. According to their website: ‘LBTC’s utilitarian value as a tradeable currency is boosted by its speed and low-cost transaction fees.
Looking at New Securities
Security Tokens’ comprise a much newer field, which has been quoted to have contributed to the major crypto-crash back in January 2018. The first of these digital securities contracts were sold in December of the previous year and expired the following month – and thus, correlated with the market drop. There has been a lot of news regarding security tokens over the past year, including attempts to either regulate or otherwise ensure a level of safety with regards to risk and fraud prevention, as well as protection of funds. These efforts come from a combination of governments and independent projects and organizations. MOBU is one of these projects and seeks to utilize a proprietary utility token (the eponymous ERC20 ‘MOBU’) to power its “end-to-end solution for ICOs to launch compliant security tokens on the blockchain.”. Features of MOBU cited include KYC / AML compliance integration, enforced and maintained through Ethereum based smart-contracts. This is in addition to what they call the “MOB20 protocol will define a set of commands that a compliant security token should implement.”
We have observed one of the biggest collapses of the US stock market in recent years. The technological index Nasdaq dropped by 4.43% over just one day. Stay in touch with the current events of the week covered in our analytical report.
We present to you the report filed by the analysts of our private club for October 22–28. Main market events for October 22–28, 2018 1) Bakkt will be launched on December 12 if the regulators grant the permission. 2) Internal sources of the CBOE exchange claim that approval of Bitcoin ETF is inevitable. According to the SEC, VanEck, SolidX and CBOE resolved all the issues and it is only a matter of time before the new asset class is approved. 3) The Department of Financial Services (DFS) of New York has permitted Coinbase to develop Custody. The Bank of Japan admits that the bank may lose a lot of influence due to emergence of cryptocurrencies. $500m worth of USDT have been destroyed (burned) by Tether. 4) The Central Election Commission of Russia supported the initiative of the Party of Growth to run elections in Russia on blockchain, which would prevent doctoring of the results. 5) In June 2019, the Financial Action Task Force on Money Laundering (FATF) will start publishing its standards for international regulation of cryptocurrencies. 6) The British audit and consulting company Ernst & Young (EY) conducted a study on the efficiency of 110 ICO projects: only 1 out of 10 tokens managed to bring profit to their owners. 7) Constantinople — the hard fork of Ethereum network — is delayed until the beginning of 2019. The developers made this decision after discovering several bugs when launching the update in the test network. 8) Visa will launch a digital identification system on the B2B Connect blockchain in early 2019. The system would tokenize private information that ensures secure international transactions. 9) The Swiss online bank Swissquote now enables purchasing ICO tokens. You can buy them through an online bank account. Acquired tokens will be stored in a special wallet. 10) HTC has presented the first iteration of the blockchain smartphone Exodus 1 in Berlin. The smartphone is expected to go on sale in 34 countries this December. The device will cost 0.15 BTC or 4.78 ETH. 11) Blockchain platform for distributing video content TaTaTu, which raised $585 million during the ICO, signed an agreement with Johnny Depp. The actor’s film company Infinitum Nihil would produce movies and digital content for TaTaTu. 12) Chairman of the State Duma Committee on the Financial Market Anatoly Aksakov explained that absence of the concepts of “mining” and “bitcoin” in the draft law “On digital financial assets” hints to a “sad” future for cryptocurrencies. 13) The Japan Association of Virtual Currency Exchanges (JVCEA) received the right to self-regulation from the country’s main regulator, the Japan Financial Services Agency (FSA). 14) The Taiwan Financial Supervision Commission will simplify the procedure for launching ICOs in the country and fully legalize them. 15) Tether Limited burned 500 million USDT tokens. The company once again noted that any USDT owner could redeem their tokens with real US dollars that secure the cryptocurrency. 16) The branch of the China International Economic and Trade Arbitration Commission in Shenzhen decreed that the ownership of bitcoins in China should be considered legal. 17) The Ministry of Finance prohibited the British Royal Mint to issue the Royal Mint Gold (RMG) cryptocurrency, backed by gold. 18) Ripple published a financial report for the third quarter of 2018: sales of XRP tokens increased more than twofold and generated revenue of $163.33 million. 19) While the major stock indexes collapsed, Bitcoin continued to stand its ground. This refutes the widespread claims that the price of Bitcoin correlates with traditional finances. It’s worth noting that the current collapse of the US stock market is one of the biggest in recent years. The fall in the Nasdaq technology index, which dropped by 4.43% over the day, was especially disheartening. This is the biggest fall since August 2011. 20) The number of Google search requests for the word “Bitcoin” decreased by 93% compared to last December. This is quite natural, because back then the price of Bitcoin reached its peak. 2. Market analysis from club experts for October 22–28, 2018 The last week was hardly surprising for crypto traders and investors. Volatility, pumps/dumps, despair and enthusiasm — all the usual stuff. Compared to the stock market though, the waves of the crypto market begin to look pale sometimes. The total capitalization remained in the $208–211 billion corridor for the entire week, despite the worries. Trading volumes were also fairly stable: $9–11 billion. BTC dominated the market at 54% without deviations, although the Altcoins performed very good. In the end of the week, the price for 1 BTC remained the same: $6480 on Monday and Sunday, though it fluctuated between $6380 and $6540 ($6478 at the time of the report) during the week. However, the last week showed a strong growth of a number of coins, despite the price of BTC, and many coins skyrocketed from the levels below TOP100 CMC. Last week the stock market experienced a rather sharp fall, and according to reports, a number of stocks have incomparably higher volatility than many coins from TOP100. The general sentiment makes it clear that cryptographic market is gaining increasingly more attention of institutional traders and very soon trading instruments will be available through a single terminal in any market. In the meantime, the blockchain technology and cryptocurrency are gaining momentum in the world, and that’s great! Though some cypherpunks are not happy about this! 3. Changes in the cost and capitalization of the TOP-10 cryptocurrencies in the period of October 22–28, 2018 https://preview.redd.it/91fmpru2t5v11.jpg?width=681&format=pjpg&auto=webp&s=91c4bc7dca5190cf8bf6c326bdae5d1f32002df4 4. TOP-3 growing coins from the long-term portfolio for October 22–28, 2018 (including portfolio updates) The fastest growing portfolio coins: IOTeX + 50% (), Neblio NEBL + 40% (), Decred DCR + 15% (listing on Binance). The worst performing coin is Mysterium MYST -28% — correction of the growth during the last week. Want to be the first to receive news, updates from analysts and trade signals? Join @gitsupport channel and start earning with us!
•Cosmos, a blockchain interoperability project has released its platform dubbed “Cosmos Hub”. This comes after 3 years of planning and development and a $16,000,000 USD raise in 2017. The platform aims to solve scalability of distributed technology by proposing a platform of blockchains.
CRYPTOCURRENCY TRADING SERVICES
•Traders on Coinbase can now transfer cryptocurrency directly from its trading platform to the institution’s custodial wallet offering Coinbase Wallet. •Coinbase Pro, Coinbase’s professional platform lists Stellar Lumens for trading. •New Zealand based exchange Cryptopia migrates 35% of the platform’s funds into new wallets. •DX Exchange, an Estonia based exchange utilizing Nasdaq’s trading engine launches security token offering (STO) listings. •Trust Wallet, Binance’s endorsed wallet now supports Ripple (XRP). Traders and developers building on top of Trust Wallet can take advantage of the support of the Ripple ecosystem. •Hong Kong based exchange Gatecoin shuts down as a result of a legal dispute with a payment processor and a devastating 185,000 ETH and 250 BTC hack in 2016.
•In the U.S state of Texas, a bill has been proposed to require identity verification for sending cryptocurrency payments. •Central bank of Russia aims to introduce an annual limit of 600,000 rubles ($9,100 USD) for unqualified investors who want to purchase digital assets. •Thailand Securities and Exchange Commission (SEC) has approved the decision to create a portal for regulated ICO’s. •Singaporean based exchange Quoine has been found liable by the Singapore International Commercial Court (SICC) for reversing 7 trades from market maker B2C2 in April 2017. Trades were valued at 10 Bitcoins per 1 Ethereum. •The Canadian Securities Administrators (CSA) and the Investment Regulatory Organization of Canada (IIROC) is now seeking regulatory input on cryptocurrency exchanges, in an attempt to integrate securities laws where appropriate. •In the U.S state of Colorado, governor Jared Polis has signed the Digital Token Act on March 8th, 2019. This will exempt specific cryptocurrencies with specific characteristics and functionality from being classified as a security.
•Tether has recently updated terms of service which will shift its reserves from 100% traditional currency (USD) to a combination of traditional currency and cash equivalent assets such as loans. •Samsung unveils a native cryptocurrency wallet for its flagship S10 device that can be found on the Samsung Galaxy Store. Wallet will support Ether (ETH) and ERC20 based tokens alongside 4 dApps from the outset. •MyEtherWallet launches an alpha version of its Ethereum blockchain explorer, EthVM. INSTITUTIONALIZATION •Kakao Corp, the creators of KakaoTalk – South Korea’s most used messaging app raises $90 million USD to supplement the launch of a new blockchain platform in June dubbed “Klaytn”. •A blockchain based ETF, consisting of 48 companies involved or building blockchain technology has launched on the London Stock Exchange (LSE). •Chicago Board Options Exchange (CBOE) announces that it will not add a Bitcoin (BTC) futures market in March.
•Mark Karpeles, the CEO of Mt Gox faces a 10-year jail term from the Japanese authorities for embezzlement of client assets. •Danelle Dixon has been appointed the new CEO of the Stellar Foundation, previously COO of Mozilla. •Konstantin Ignatov, CEO of multibillion-dollar pyramid scheme OneCoin has been arrested and charged with conspiracy to commit wire fraud. Ignatov’s sister, Ruja Ignatov is charged with wire fraud, securities fraud and money laundering.
•@cz_binance – “Populaunpopular opinion: Everyone will be in crypto, sooner or later, whether they know it or not, whether you like it or not.” •@barrysilbert – “Wells Fargo, a Buffett investment, has been fined 93 times for fraud and other abuses, for a total of $14.8 billion in fines since just 2000. I'll take bitcoin's "charlatans" over that any day.” •@erikVoorhees – “Crypto is software eating finance”
https://preview.redd.it/wpvipf4n1y021.jpg?width=1080&format=pjpg&auto=webp&s=144acc18620843acbce148dbd83fffbbde43f4e7 ✅You Don’t Legally Own Your #Bitcoins, According to Law Expert Regulation within the cryptocurrency community has been a hot button topic for years. Tuesday: 🔸Galaxy Digital, Cumberland and More Plan New #Crypto Code of Conduct A group of 10 companies focused on cryptocurrencies and financial services have formed a new group aimed at standardizing a code of conduct for the still-nascent digital asset space. 🔸#Nasdaq to Launch Bitcoin Futures Market The world’s second largest stock exchange Nasdaq is planning to introduce a Bitcoin futures market within the first quarter of 2019. 🔸Abu Dhabi Bank Settles $500 Million Bond on a #Blockchain Abu Dhabi-based Al Hilal Bank has carried out a blockchain-based transaction for an Islamic bond worth $500 million. 🔸Popular #Crypto Influencer, Zhao Dong, Predicts Bitcoin at $50,000 by 2021 Zhao Dong, a Chinese-based cryptocurrency influencer and one of the biggest Bitcoin OTC traders in China, recently made some bullish price predictions for Bitcoin (BTC). 🔸#Crypto Exchange Giant Binance Creates Combined #Stablecoin Market Interesting moves are afoot in stablecoin land. Major crypto trading platform Binance, which is the top exchange by volume – doing nearly twice the 24-hour volume of its nearest competitor at time of writing – has announced that it is creating a new unified stablecoin market. 🔸#Bitcoin’s Daily Transfers Are Likely as Much or More Than #MasterCard’s Despite the constant price crashes, people still seemingly trust crypto over plastic. New data suggests that daily bitcoin transfers are close to overtaking MasterCard’s. 🔸#Kaspersky Lab Predicts No Real Growth for #Blockchain and Cryptocurrency in 2019 #Cryptocurrency users are subject to many different types of external threats. The perceived anonymity associated with Bitcoin and altcoins tends to attract criminal activity. 🔸A New #Blockchain Generation of Millennials Challenge Workplace Standards #Millennials are one of the most dynamic, skilled, demographic groups often targeted by corporate marketing divisions for various lifestyle and technology products.
https://reddit.com/link/9c398a/video/49awx6qrwmj11/player Crypto attorney Adam S. Tracy discusses the rise of the security token and options for trading markets, including Alternative Trading Systems and securities exchanges. TRANSCRIPTION: So now everybody is wondering or wanting to go the direction of the security token, which makes a lot of sense, if only because in the United States you’re in a bit of a gray area. You know? Are there such things as utility tokens? And a lot of ICO issuers are taking what you consider to be the safe route and saying well, okay, we’re just going to call it a security. And I’ve talked about reggae and ICOs and security token offerings in the past, and why those do and don’t make sense, but the biggest issue is the secondary market, right? Any of the prevailing crypto exchanges, especially the ones the United States — Binance, Bittrex, Coinbase, etc. — aren’t going to list for trading a security token. And the reason why they’re not going to is that they’re not licensed National Securities Exchanges. So to the extent that any of them did list a security token for trading, they could conceivably run afoul of the exchange act because they would be facilitating the exchange of Securities without the proper licensure. So the question becomes can one become a licensed National Securities Exchange? And that’s difficult, right? That’s difficult. There’s only a few of them in the United States, and you’ve heard of them — Nasdaq, New York Stock Exchange, and so forth. So the question becomes are there alternatives, and the primary, if not only alternative, is what’s called an alternative trading system. Or, you know, what’s called a multilateral trading facility in Europe or a call network or a electronic communication network in different places. But the requirements to become an alternative trading system, which is exempt from the requirement that you become a license National Securities Exchange, is that you become a broker-dealer first, right? So typically in the traditional securities world, ATS’s operate sort of in the dark pool type market, where you have large institutional investors trading large blocks between other institutional investors. But that requires you to become a broker-dealer and to become a licensed broker dealer, you have to go through Finrun — you can buy broker-dealers, and obtain the licensure, and operate and so on and so forth, but it’s not an easy road to hoe, right? It’s much more likely that you would be able to become an alternative trading system for crypto than you would a licensed National Securities Exchange, but it’s still fraught with risk, expense, and obviously time to do these sort of things. And, the other thing to think about is, you know, I’ve seen and you’ve coinbased it, and you’ll see others that are trying to become these alternative trading systems. Those aren’t retail platforms, right? Those are institutional platforms. Those are platforms for large block trades to effectively clear. And the reason that a lot of them exist is because they want to clear large trades without the general market knowing because those show off market. So in the traditional securities world, Apple computer can be trading back and forth, but on an ATS, I could go sell, you know, 25 million worth of Apple stock and it won’t necessarily affect the price as its quoted on Nasdaq, right? That’s because it’s off the books. So, you know, the solution for a security token for liquidity is that it has to be either a licensed National Securities Exchange or an ATS, but the reality is that ATS may not provide access for retail investors. So, if you’re going to be an ICO issuer, and you’re issuing a security token, you can’t necessarily make the promise that any of these ATS’s that are coming on board will — one, ever come on board because they have to go through the process of becoming a broker-dealer, and then file a form ATS with the SEC, but you can never guarantee that a retail investor would gain access to it. So, you kind of go back to what I’ve, you know, opined here before is that reality is with the security token, you’re really kind of limited to certain like offshore exchanges because, you know, then the SEC sort of opined on that in the in the Dow Token decision. But these offshore exchanges are probably the only venue that you may have for liquidity, right? And so, I go back to my point like with filing a reggae or an S1 with a security token, yeah you have, you know, the legal ability for resale — meaning the token can be legally resold as opposed to being a restricted security, but you have no market. You actually have less market than you would for one, a share of common stock and two, certainly for utility token. So, you know, an ATS is a great concept, and I think there should be more, but the reality is it doesn’t necessarily guarantee access to retail investors. And it’s definitely plausible that you could start one, and there’s procedures for that. And I’m happy to discuss that with anybody who’s interested, but it doesn’t necessarily mean that your security token is going to have liquidity when these start coming on board which again, I think, you know, with most ICOs the real the value of anything was the liquidity. Right? And if you took an STO, security token offering, and you took a share of stock, a stock offering, and they were the exact same deal, right, and this is just today, if they were the exact same deal promising the exact same returns — one was selling a restricted share of stock, one was selling a restricted security token — in almost every instance, I would advise my clients at least to purchase the shares of stock. Because at least the share of stock has some exit mechanism, right? You can do an IPO, you could list on one of multiple securities exchanges. Whereas, the security token right now doesn’t have that exit. So, it’s actually more liquid than the share of stock, and that sort of goes against what I think has been driving, to a large degree, these ICOs for, you know, now about two years. So it’s an interesting thing to consider if you’re going down the security token road. Not to say that one, you shouldn’t necessarily go down that road or do it the United States could always do it off shore, and two or three rather, you know, you have to consider what the implications of selling what’s an illiquid security really is and how that affects valuation, how that affects your ability to, you know, sort of sell your offering out, right? So if you have any questions, you know informing ATS’s, broker-dealer formation, or security token offerings, hit me up — Adam Tracy at Bitcoin-lawyer.org. Email is at the bottom of this video. Great talking to you, and I will see you soon. — - A former competitive rugby player, serial entrepreneur and, trader attorney, Adam S. Tracy offers over 17 years of progressive legal and compliance experience in the areas of corporate, commodities, cryptocurrency, litigation, payments and securities law. Adam’s experience ranges from commodities trader for oil giant BP, initial public offerings, M&A, to initial coin offerings, having represented both startups to NASDAQ-listed entities. As an early Bitcoin adapter, Adam has promoted growth of cryptocurrency and offers a unique approach to representing crypto-clients. Based in Chicago, IL, Adam graduated from the University of Notre Dame with dual degrees in Finance and Computer Applications and would later obtain his J.D. and M.B.A. from DePaul University. Adam lives outside Chicago with his six animals, which is illegal where he lives. Bitcoin website: http://www.bitcoin-lawyer.org Primary website: http://www.tracyfirm.com Twitter: https://twitter.com/TracyFirm Youtube: https://www.youtube.com/channel/UCVOa8Iy_RIkmRPwuQliPKfw Linkedin: https://www.linkedin.com/in/adamtracy/ Facebook: https://www.facebook.com/thetracyfirm/ Instagram: @adamtracyattorney Telegram: @adam_tracy Skype: @adamtracyesq Email me: [[email protected]](mailto:[email protected])
Cryptocurrencies on pace to close volatile trading week positive following Ethereum Classic addition to Coinbase Index Fund and the launch of the BOLT privacy overlay for Zcash on the lightning network
Developments in Financial Services
Binance is launching a JV with Liechtenstein Cryptoassets Exchange (LCX) to launch a fiat to cryptocurrency exchange, Binnace LCX. The exchange/platforming will be based in Liechtenstein and offer trading between Swiss Francs (CHF) and euros (EUR) against major digital currencies pairs with the potential for new trading pairs in the future.
bloXroute Labs, along with a partnership with a team of student at Northwestern University, are experimenting with a trustless scheme to address the scalability limitations of Bitcoin’s P2P platform. At the moment, with the Lightning Network, Bitcoin transactions capacity is capped at 82 BTC. According to Sarit Markovich, professor of strategy at Kellogg School of Management at Northwestern University, the bloXroute solution is scaling at 100x better and are targeting 1,000x.
BOLT, a privacy overlay for the lighting network that will be applied to zcash, was formally launched on Github today. BOLT will obscure transaction, balances and sendereceiver identities. The BOLT upgrade to the zcash protocol is considered a soft fork.
Coinbase, according to CEO and co-Founder Brian Armstrong in an interview with Bloomberg, is adding 50k new users a day. Assuming this run-rate, it implies Coinbase will add 350k new users a year.
DGE, a South Korean blockchain developer, who launched its native cryptocurrency TMTG a few weeks ago that is linked to value of gold is attempting to partner with global gold exchanges (after agreements with the Korea Gold Exchange and Vau Diamond Exchange) to create a stable ecosystem for TMTG. In the opinion of DGE, many cryptocurrency developers do not consider the stability of their coins and its impact to the ecosystem these cryptocurrencies support.
Ethereum Classic is +18% this morning after crypto’s inclusion into the Coinbase index fund after being added to the Coinbase Pro trading platform. At the moment, Ethereum Classic has a 0.91% allocation in the fund.
Huobi, the Singapore-based cryptocurrency exchange (and third largest cryptocurrency exchange in the world), has announced partnerships with Yatai International Holding Group, Vnesheconombank, Chi Fu Group, Asia International Finance Holdings, and Dbank Group to create cryptocurrency trading exchanges/platforms in the Philippines, Taiwan, Indonesia, and Canada. The five companies will use Huobi’s Cloud service which will provide the different platforms with the tools they need to open their exchanges on a proven framework.
LINE, a Japanese social messaging app, announced that is forming a USD$10mm blockchain venture capital fund. The company believes the decision to create a blockchain venture fund will make LINE one of the first publicly traded companies to formalize token investments through a corporate fund structure.
Pantera Capital announces it has raised USD$71mm for a third cryptocurrency fund. Calling it Venture Fund III, Pantera has already begun to make investments following an allocation to cryptocurrency trading platform Bakkt (that has a JV with ICE).
Ripple Labs continues to focus on expansion plans, even in the face of recent lawsuits from the District Court of California. The lawsuits content that Ripple’s native cryptocurrency, XRP, should be considered a security which the company flatly rejects. In spite of these issues, Ripple Labs remains focused on its overseas expansions plans in Asia and the Middle East.
Ripple Labs has endorsed three cryptocurrency exchanges, Bittrex, Bitso, and Coins.ph as its preferred partners for transactions with Ripple’s xRapid payments system. Management at Ripple Labs is encouraging users in the US, Mexico and the Philippines to use these exchanges while transacting with xRapid. XRapid is a solution for Ripple’s blockchain-based real-time gross settlement system and is meant to facilitate international fiat transfers between financial institutions.
Square announces that customers will be able to buy/sell Bitcoin via its Cash App across all 50 states in the United States.
The Tokyo Stock Exchange (TSE) is publicly expressing concerns about the acquisition of Beat Holdings, listed on the TSE, by Noah Ark Technologies, a Hong Kong-based cryptocurrency frim. The TSE concerns are related to management’s bias to stay away from the cryptocurrency sector.
The Australian Securities Exchange (ASX) is exploring using a distributed ledger technology (DLT) in place of its current clearing house electronic sub-register system. According to Dominic Steves, Managing Director and CEO of the ASX, shifting to a DLT system would save the exchange as much as USD$23bn. A DLT would permit customers to use nodes instead of sending messages and connect to the whole database instead of having to communicate with several different databases and should help eliminate errors.
Bitmain’s upcoming IPO is coming under scrutiny as investors continue to worry about its long-term viability. Specifically, there seem to be concerns about Bitmain’s reserve of Bitcoin Cash which is considered an illiquid position given the daily turnover in current Bitcoin Cash markets. Bitmain’s IPO is currently being valued at USD$18bn.
Bloomberg is reporting that a Bitcoin-based ETN that is listed on Nasdaq Stockholm will begin targeting US investors. The ETN, Bitcoin Tracker One, is listed and traded in Sweden but is now being quoted in USD$. Traders will buy the ETN in a similar way that they buy ADRs where transactions are in USD$ but settlement, clearing and custody will be done in SEK.
Alexander Petersons, product director of cloud mining service Hashtoro.com and self-proclaimed crypto-enthusiast, believes the cryptocoin industry will begin shifting to cleaner and smart mining by taking advantage of local climates to help reduce electricity consumption. While cryptocurrency critics cite costs of crypto mining as an impediment that will limit widescale adoption of digital currencies, Petersons and the team at Hashtoro.com believe the use of clean energy will help address the challenges of scalability.
Bitcoin.com CEO Roger Ver has hinted the online cryptocurrency news publisher may consider an ICO in the future. The topic was brought up during a conversation with one of Bitcoin.com’s lead developers about developing tokens on the Bitcoin Cash blockchain - - Bitcoin.com published a new tool helping aspiring developers to build tokens on the Bitcoin Cash protocol.
A group of researchers/hackers have claimed to have hacked John Mcafee-backed hardware wallet Bitfi. According to its advertising, Bitfi claims to be unhackable. The researchers/hackers claim to have had complete access to a Bitfi wallet for the past two weeks, tracking data being sent out of the wallet while still being connected to the Bitfi servers.
According to a research report by Citrix, 59% of UK companies have been affected by cryptojacking malware. Cryptojacking malware employs its victim’s computational resources without their permission in order to mine cryptocurrencies for the attacker and leads to a wasteful increase in electric power consumption and the slowing down of affected devices. According to Citrix’s research, 80% of the cryptojacking cases took place in the last six months.
Deviant coin releases its whitepaper ahead of the launch of its hybrid decentralized exchange and its open-source hardware wallet. The novelty of Deviant is that it proposed to create rewards within its ecosystems without the typical centralized control of node operators. The Deviant network offers improved speed with stealth addresses for complete anonymity, encrypted messaging for secure communication, low transaction fees, lower confirmation time, and a limited total supply.
The Ethereum community continues to struggle with DApps topping the number of downloads on the blockchain network that are promising investments with high returns that turn out to be fraudulent. As an example, Team JUST, the anonymous development team behind the gambling DApp FOMO 3D is warning that an indentical version of its game is eating up 1/3 of the Ethereum network’s total computational power and raising USD$7mm over the past week.
Genesis Mining, an Iceland-basd hashpower hosting service, is forcing customers to upgrade their Bitcoin mining contracts following this year’s drop in cryptocurrency valuations. The company is discounting the upgrade price of its Radiant service per 1 TH/s to USD$180 from USD$285. In 60 days, Genesis announced it will terminate open-ended contracts that mine less than the daily maintenance fee.
Hash House, a crypto-themed café and workshare space in the city of Xi’an, the capital of Shaanxi Province in China, has recently launched. Among its many features, Hash House will provide visitors with learnings materials on cryptocurrencies and will hose seminars and meetups on different crypto topics.
China News reports that the Hong Kong University of Science and Technology (HKUST) Business School has received a USD$20mm research grant to investigate the security capabilities of electronic payment systems. Partnering with University of Hong Kong (HKU), the Chinese University of Hong Kong (CUHK), and the City University of Hong Kong (CityU), the HKUST-led research initiative will focus on artificial intelligence, network security and blockchain technologies.
During an unofficial discussion with Quartz India, unnamed state official in the Indian government, which is examining the impact of the virtual currency ecosystem.
IBM files updates to a pending patent for managing a databases management system (DBMS) using a blockchain database. The patent was initially filed in December 2017 and covers the idea of connecting a blockchain databases with a traditional central database.
Joe Lubin, the co-founder of Ethereum and ConsenSys, does not see the recent sell-off in cryptocurrencies constraining growth of the crypto ecosystem. In an interview with Bloomberg, Lubin suggested the recent run-up in cryptocurrency valuations is similar the previous six bubbles with each bubble more pronounced than the previous.
Joe Lubin, the co-founder of the Ethereum Foundation, during an interview with Bloomberg, claims Ripple is not a blockchain technology and is not a competitor for Ethereum. In Lubin’s mind, Ripple is a payment system, not a blockchain technology. In the case of EOS, Lubin cautions against its decision-making framework and doesn’t believe it is should be treated as layer-one technology yet.
Users can now be paid to participate on the lightning network nodes. The average fee on the lightning network currently is about 1 satoshi. In comparison, the montly income of using the lightning network has been estimated to be closer to USD$2 for a prominent application developer.
Microsoft recent patent applications suggests the company is looking to use trusted execution environments (TEEs) within its blockchain technology. TEEs are pre-determined types of blockchain or other security protocols in validation nodes. TEEs will help assist in the implementation of consortium blockchain networks and will also assist in verifying blockchain transactions on networks where multiple pre-authorized entities must interact.
Saudi Arabia officials warn citizens in a formal joint statement from the Ministry of Trade & Investment, Ministry of Information and Saudi Arabian Monetary Agency that trading Bitcoin and other cryptocurrencies are illegal in The Kingdom. This press release is in contrast to The Kingdom’s positive disposition to blockchain technology.
Taproot, a protocol overlay for Bitcoin pushed by one of Bitcoin’s most well-known developers Greg Maxwell, will offer a privacy layer which will address Bitcoin critics who believe the benchmark cryptocurrency’s privacy is awful. Taproot, supported by other popular Bitcoin developers, will require the Schnorr upgrade which is still not ready to be implemented. The power of Taproot will be the ability to make smart contract transactions look like any regular Bitcoin transaction, offering anonymity for senders and receivers.
The national government of Vietnam has decided to ban imports of cryptocurrency mining equipment. According to the Ho Chi Minh City Customs Department, 3,664 ASIC devices were imported into the city in C1H2018. The ban of cryptocurrency mining equipment is related to a government investigation into a ICO-fraud that scammed USD$660mm from 32,000 domestic investors. At the moment, cryptocurrencies are outlawed as payments in Vietnam after the Vietnamese Central Bank refused to accept cryptocurrencies as a recognizable form of non-cash payments.
During an interview with Crypto Congressman Jason Hsu, Vitalik Buterin, the co-Founder of the Ethereum Foundation, highlighted his worries about the lack of sustainable applications on the Ethereum blockchain. Buterin is working on a proof-of-stake and charting protocols to help address the current bottlenecks that are preventing widescale adoption of Ethereum. In his opion, privacy concerns remain the biggest hurdle for widespread adoption of Ethereum in the financial sector.
Get your Crypto groove on! A Quick Start Guide for Blockchain and Cryptocurrency Newbies
Initial Fiat Conversion Create an Online Exchange account. Preferably an Exchange in your country or State that allows the transfer of Fiat into your account wallet and allows Exchange trading in at least the two major Cryptos – Bitcoin and Ethereum. If no local Exchanges are available, try Coinbase, Kracken, Bithstamp or Coinmama, but be prepared to wait as much as 4 -12 weeks for registration processing. Access to multiple Cyrptocurrencies Create another Online Exchange account with one or more of the top Exchanges that offers most of the cryptocurrencies like Binance, Bittrex, Coinbase, Poloniex, Huobi and GDAX. Some of these examples do not offer initial Fiat Conversion but are known to list many of the hundreds of actively traded Cryptos. Get and Stay Updated Develop a plan to increase your awareness as well as to increase your investing or trading ability. Begin by reading the first whitepaper for Blockchain. https://bitcoin.org/bitcoin.pdf. Stay current about the state of Blockchain Technology and new and existing Companies in this space as well as existing and upcoming Initial Coin Offerings, (ICO’s). Here is a list of sources to use;
YouTube, Google Search and Individual Project or Company websites that you are researching
Telegram, Reddit, BitcoinTalk, Twitter, Stemmit, Linked-In, Blockchain and Cryptocurrency Conferences and Meetups
Utilize sites like Coindesk, Cointelegraph, CoinMarketCap, ICO Drops, Icorating, etc
Find out who are the top 20 Blockchain and Cryptocurrency Influencers and leaders in the field and subscribe to their updates on social media Select your personal Wallet Begin with MyEtherWallet and/or Metamask which you create on your PC or Desktop. Create also a Mobile Wallet using Jaxx, Mycelium, Exodus or other option. Large and significant amounts of funds should be transferred to a Hardware Wallet like Trezor or Ledger
Select your personal Wallet Begin with MyEtherWallet and/or Metamask which you create on your PC or Desktop. Create also a Mobile Wallet using Jaxx, Mycelium, Exodus or other option. Large and significant amounts of funds should be transferred to a Hardware Wallet like Trezor or Ledger Dos and Don’ts
After you have created your personal storage Wallet, practice moving tiny amounts between wallets or on and off an Exchange to get comfortable and avoid mistakes.
Do not store or keep significant amounts of Crypto funds in any online Exchange wallet
DO NOT SHARE YOUR PRIVATE KEYS!
DO NOT STORE YOUR PRIVATE KEYS IN A FILE ON YOUR COMPUTER OR CELLPHONE Invest in a Hardware Wallet like Trezor or Ledger Nano to store your private keys as soon as possible. Some people prefer paper wallets and store them in fire resistant storage, safe deposit boxes and other centralized security options.
Use hardware Wallets for your bulk funds.
In cases where small amounts are stored in ‘Hot Wallets’ on your computer or cellphone, use different Crypto addresses for participating in ICO’s than those used for storage of your funds.
Learn ‘How to Run MyEtherWallet Offline and Locally – There a some excellent YouTube videos demonstrating this in detail
Be on the lookout for fake websites. When visiting any website to open an account or make a transaction or even subscribe for a service, always doublecheck that you are visiting the correct website
Keep an eye out for scammers, fake Social Media accounts, fake Admins on Telegram and other Crypto Forums. Remember that 99.9% of the time NO ONE or Company is really giving away free Crypto
Pay attention in the news for reported cases of Domain Name Server Hijacking or hacked Exchanges
Always Do you Own Research, DYOR - Look for solid projects with experienced Teams and Advisors, a working product or prototype, good Token Metrics, a well-defined Roadmap and community awareness in Social Media
Do not be influenced by market noise or Fear Uncertainty and Doubt, FUD Do not follow any and everyone with a YouTube channel and producing countless Crypto and ICO reviews. There are some solid sources that produce valuable and useful content that should be utilized. Again, remember to always DYOR
Keep it Simple. Stay away from sophisticated trading platforms, derivative and leveraged trading on platforms like IQ Option, eToro, Plus500 and similar brokers with higher than average fees and account restrictions
Do not invest in off-chain stocks of traditional companies trading on one of the exchanges; NASDAQ, NYSE, or OTC that recently acquired or added some asset with the words ‘Blockchain’ or ‘Mining’ in its name and think you’re in the game
The stock market in its early days was an iconic financial era that boomed and allowed early enthusiasts an opportunity to be apart of something destined to increase ones financial stabilty. If you were around during these times and took advantage of the early investments, it would be safe to say you have millions, if not billions worth of shares. Some of the largest stock exchanges that circulates many countries finaicial wealth, are NYSE, and NASDAQ. While traditional investors like Warren Buffet see cryptocurrencies as a speculative bubble, they seem to forget that the stock market during it's earlier days when the East Indies was a haven of riches and traded goods through the transportation of ships; it to resembled what critics called cryptocurrency trades now. (WILD WILD WEST). Pirates would steal the commodities off the ships that were used to transport and trade goods. In effort to reduce profit loss, investors began investing in more than one ship. Hence the term " Don't put all your eggs in one basket ". In modern times now, we have electronic trades such as the NASDAQ, but it too can be pirated by hackers. Still, investors like CEO of JP Morgan Chase chooses to keep their wealth within these systems, and continue to buy, sell , and trade shares of many companies. This produces a very lucrative and profitable ecosystem of retaining and circulating fiat currency. It is said that exchanges have even thought of merging with other exchanges. So why would these big stock market whales look at bitcoins as a bubble, and not an opportunity to make a profit. Simply because it decreases the value of what they created, or inherited, invested, and flourished with. Ironically, Bitcoin survives through fiat cash, and altcoins, survive through bitcoins. It would make more sense for stock exchange investors to dabble with cryptocurrncies, which in return will create an even larger financial ecosystem that is not just dependent on one type of financial infrastructure or exchange. Cash to bitcoins, bitcoins to ethereum, ethereum to altcoins, and finally cashing out again for cash. This will create a sustainable. Recyclable cash flow system. Sure, cryptocurrencies need to be regulated and checked so no one power can become a super power. For example what the NASDAQ did with the circuit breaker rule, where as , if the percentage of stock markets dropped really low, the the trading options are halted for a time period. And the government placing IRS tax regulations on citizens. This will only cause some traders to minimize cash outs, and make more long term investments. NOW..... many ICOs will fail, just like the DOT com bubble. And yes you can make a few hundred dollars from ICOs that have no potential future. However, one must really look info the dynamics of the way technology, businesses, supply chain, and financial institutions are looking for a secure and stable way to flourish. I am a crypto trader, but I would not rule out the stock market. People forget that blockchain is the tech behind the cryptocurrncies we hold. So who holds the key to building block chains? Obviously tech companies like IBM, Microsoft etc. SO IT WOULD BE A GOOD TIME TO GET YOUR TECH STOCKS AND SHARES UP BEFORE CRYPTOCURRENCIES REALLY TAKE OFF. You see these companies that invest in blockchain start ups, get a profit from every cryptocurrency platform that uses their tech. Another good imvestement to look into are exchange websites that offer coins. For example, Binance coin BNB, was selling for 1.67 cents in December of 2017, and is now worth almost $20 In January 2018. Similar to the way investors began investing into the stock exchanges that regulated other company shares, people are making profits from investing into an exchange site. One site you can begin investing in now, as it is in its early stages is called BITSHARES and is being sold for just 50 cents. This is a good time to buy, as the exchange site will only grow as will their coins. Lastly, one should invest in companies that are offering something new and innovative. One company that peaked my interest is sirin labs, and their FINNY phone. Look into this, as it will be competing with companies like Apple and Samsung. #ARC20R #Bitcoins #altcoins #binance #bitshares #exchange For more details about quality coins, subscribe and resgister to my site www.richncrypto.enjin.com
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