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LedgerX Processes Over $1m in BTC Swaps and Options Trades in First Week

TheMerkle LedgerX Bitcoin ExposureInstitutional investors will always look for new ways to gain access to Bitcoin and other cryptocurrencies. In most cases, they will use dark pools or regulated investment vehicles such as CFDs and options trades. LedgerX is one of the companies focusing on swaps and options trades for cryptocurrency. So far, business is booming, as it processed over US$1 million worth of transactions in the first week. A Solid First Week for LedgerX There is a growing demand for exposure to Bitcoin and altcoins by institutional investors. One has to keep in mind these types of investors will not sign up for a

TheMerkle LedgerX Bitcoin Exposure

Institutional investors will always look for new ways to gain access to Bitcoin and other cryptocurrencies. In most cases, they will use dark pools or regulated investment vehicles such as CFDs and options trades. LedgerX is one of the companies focusing on swaps and options trades for cryptocurrency. So far, business is booming, as it processed over US$1 million worth of transactions in the first week.

A Solid First Week for LedgerX

There is a growing demand for exposure to Bitcoin and altcoins by institutional investors. One has to keep in mind these types of investors will not sign up for a centralized exchange and buy Bitcoin outright. Nor will they stop by a local Bitcoin ATM to pick up a few thousand dollars’ worth of BTC. Institutional investors won’t use LocalBitcoins or similar platforms either, for obvious reasons.

Instead, they prefer more regulated investment vehicles such as CFDs, swaps, and options trades. These investment vehicles provide exposure to Bitcoin and sometimes other cryptocurrencies without forcing investors to actually buy Bitcoin or altcoins themselves. There is always a premium to pay for these types of vehicles, but most institutional investors will gladly go the extra mile in this regard.

More specifically, LedgerX is seeing major success in the institutional market right now. During its first week of operations, the company recorded a volume of over US$1 million. That may seem like peanuts to the untrained eye, yet it goes to show there is a genuine demand for regulated investment vehicles associated with cryptocurrencies. Whether or not this volume will increase spectacularly over the next few weeks and months remains to be determined.

Although the service provider looks pretty appealing, one has to keep in mind LedgerX is still a new exchange and clearinghouse. For cryptocurrency enthusiasts, it may seem as if the company has been around for a few decades already, but that is far from the case. The team now has to build its reputation and persuade investors to use their platform for this purpose. That is not an easy feat under any circumstance, as cryptocurrencies are still frowned upon by a lot of people.

What makes LedgerX so appealing is its solution for buying and selling Bitcoin through swaps, while monetizing volatility with options. This provides multiple ways to generate revenue for traditional investors, and there will be plenty of people looking to take advantage of it. Moreover, the company has been working in concert with US regulators to ensure that all of its services are compliant with the law. For now, it is the only company to have provided such a service, but it won’t take long until competition crawls out of the woodwork.

All of this positive momentum has also been a contributing factor to the current Bitcoin price trend, by the looks of things. Bitcoin is a topic that’s heavily discussed everywhere you look these days. Most “experts” still shrug it off as a fad and a bubble waiting to burst. Others are making a lot of money because they see Bitcoin as the future of finance in one way or another. Only time will tell how things evolve, but for now, the momentum clearly favors Bitcoin over anything else.

Bitcoin Can Now Buy Cars in India

From all angles, India is a country that shows size when it comes to new technology adoption. And just like many other technologies, the country has decided to cash in on the blockchain technologies, bitcoin, and cryptocurrencies in general. Right from…

From all angles, India is a country that shows size when it comes to new technology adoption. And just like many other technologies, the country has decided to cash in on the blockchain technologies, bitcoin, and cryptocurrencies in general. Right from possible legalization to ICOs, India has engaged itself in the cryptocurrency market for some … Continue reading Bitcoin Can Now Buy Cars in India

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Secure Identity Ledger Corporation Goes Direct to Consumer with Initial Coin Offering

silcNew blockchain platform to put consumers in control of their online identities FALLS CHURCH, Va., Oct. 23,2017, Secure Identity Ledger Corporation (SILC) ℠, the first digital identity platform for every person, business and machine, announced the opening of its Initial Coin Offering (ICO). The ICO is currently ongoing. Unlike other ICOs this year, SILC did not offer its tokens to institutional investors in advance in what is called a pre-sale; instead, it is targeting consumers and, in particular, millennials, who the company says will be the most affected by identity fraud. A limited supply of tokens are available to purchase during

silc

New blockchain platform to put consumers in control of their online identities

FALLS CHURCH, Va., Oct. 23,2017, Secure Identity Ledger Corporation (SILC), the first digital identity platform for every person, business and machine, announced the opening of its Initial Coin Offering (ICO). The ICO is currently ongoing.

Unlike other ICOs this year, SILC did not offer its tokens to institutional investors in advance in what is called a pre-sale; instead, it is targeting consumers and, in particular, millennials, who the company says will be the most affected by identity fraud.

A limited supply of tokens are available to purchase during the ICO, with more being released with each product and application launch from SILC. To purchase tokens in this ICO, please click the ‘Buy Now’ button on the SILC homepage: http://www.secureidentityledger.com To download the white paper, please visit: http://www.secureidentityledger.com/whitepaper

“Our mission is being seeded with this ICO but is much bigger and not all monetary. We aim to put users back in control of their online lives,” said Danny Lee, co-founder, SILC. “We created our own blockchain because we wanted to establish the rules, take advantage of core elements of blockchain architecture, create trust and establish a framework for a new data-drive business model.”

SILC provides the first-ever turnkey digital ID system for consumers, including registration, authentication, verification and personal monitoring. The platform will provide individuals with a unique digital token that enables them to prove their identity to third parties. And unlike other Blockchain solutions that operate on a Proof-of-Stake or Proof-of-Work basis, SILC operates through a Verified Existence Algorithmin which both parties can exchange and confirm information through the SILC dashboard without it being recorded. SILC’s One Digital ID is cryptographically secure, unalterable and legitimate.

“SILC is the only ICO with a finished, private and permissioned blockchain,” said Quang Trinh, co-founder, SILC. “And the result is like an email address that is private and that you only share with friends and family or businesses you trust.”

Since the dawn of the personal computer age (1980s) and increasingly during the Internet age (1990s), consumers have given up control over their personal information. Our online identities today are comprised of a swath of personal data and scattered across the Internet under multiple usernames and passwords. Banks, online shopping destinations, social networks and hackers, among others, are in control of our ID. And as the physical and digital worlds merge – from online grocery shopping to virtual doctor’s visits – it’s more important than ever that users take back control.  

By building its own blockchain platform, SILC is removing roadblocks such as miners dictating fees or forking the chain. Consumers can be confident the SILC blockchain will always be accessible and supported and the impending bloat of the existing blockchains won’t impact their accounts.

The SILC blockchain will be the entry point for individuals, government and companies to learn how digital ID data can be recorded, managed and distributed in a more equitable way.

The company is also running a social media contest and will be giving away to the winners two event tickets and airfare to attend the Ultra Music Festival in Miami March 23-26, 2018. For more information on how to participate, please visit: https://www.secureidentityledger.com/giveawaylanding/

About Secure Identity Ledger Corporation 
Secure Identity Ledger Corporation (SILC) is the first digital identify platform with One Digital ID for every person, business or machine. We enable consumers and businesses to enter into and be empowered by the Blockchain Age through a scalable, accessible, interoperable, private and secure platform. Please join us in this revolution, whether you’re a consumer securing your One Digital ID or businesses and entrepreneurs who want to develop exciting applications on the proven SILC blockchain platform. http://www.secureidentityledger.com 

Additional Resources 

“Blockchain could help us reclaim control of our personal data.” Michael Mainelli of Harvard Business Review

“The virtual you may know more about you than you do.” – Blockchain expert Don Tapscott in his TED talk identifies digital ID as one of the five ways blockchain will improve prosperity.

“Designing a solid digital ID system may be the biggest problem of the digital age.” –  Conor O’Higgins of CryptoInsider

Secure Ledge Identity Corporation is a new company.  SILC is not registered with the United States SEC, or any other regulatory agency.  SILC is not subject to any public reporting or filing, and has no operating history for My Secure Ledger users to review.  SILC is not offering any securities, or interests in the company. Users are advised to carefully review the whitepaper (including risk factors), company website, and any purchase agreement before purchasing SILC tokens.

United States Media Contact 
Jennifer Cloer 
reTHINKit PR 
503-867-2304 
[email protected]

EMEA Media Contact 
John McLeod 
JEA Associates 
[email protected]

SOURCE Secure Identity Ledger Corporation

Related Links

http://www.secureidentityledger.com

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Bitcoin Gold Futures Markets Paint an Interesting Future – The Merkle

The MerkleBitcoin Gold Futures Markets Paint an Interesting FutureThe MerkleA lot of readers will be surprised to learn there are actual Bitcoin Gold futures markets. Although this “fork” has been seeing a lot less interest and support compared to Bitc…


The Merkle

Bitcoin Gold Futures Markets Paint an Interesting Future
The Merkle
A lot of readers will be surprised to learn there are actual Bitcoin Gold futures markets. Although this “fork” has been seeing a lot less interest and support compared to Bitcoin Cash or even the future SegWit2x altcoin, there is some enthusiasm ...

Did Satoshi Revive the Yapese Monetary System, with Bitcoin and Blockchain?

According to the erstwhile American adventurer, William Henry Furness III, people of the Pacific Island of Yap had a highly evolved system of money and banking. Something which put to shame the scholastic theories of economic aficionados – Adam Smith, …

According to the erstwhile American adventurer, William Henry Furness III, people of the Pacific Island of Yap had a highly evolved system of money and banking. Something which put to shame the scholastic theories of economic aficionados – Adam Smith, John Locke, etc. Henry’s travelogue mentions that the Yapese already had a “decentralized peer-to-peer” credit … Continue reading Did Satoshi Revive the Yapese Monetary System, with Bitcoin and Blockchain?

The post Did Satoshi Revive the Yapese Monetary System, with Bitcoin and Blockchain? appeared first on NEWSBTC.

Bitcoin Gold Futures Markets Paint an Interesting Future

TheMerkle Bitcoin Gold Futures MarketA lot of readers will be surprised to learn there are actual Bitcoin Gold futures markets. Although this “fork” has been seeing a lot less interest and support compared to Bitcoin Cash or even the future SegWit2x altcoin, there is some enthusiasm associated with the project. It appears there are two futures markets out there right now, neither of which attributes much value to BTG. Bitcoin Gold Futures Don’t Look Great It is evident the Bitcoin Gold currency won’t have much to do with Bitcoin whatsoever. It has a premine, a completely different mining algorithm, and doesn’t even use the traditional “forking method” which was used by Bitcoin

TheMerkle Bitcoin Gold Futures Market

A lot of readers will be surprised to learn there are actual Bitcoin Gold futures markets. Although this “fork” has been seeing a lot less interest and support compared to Bitcoin Cash or even the future SegWit2x altcoin, there is some enthusiasm associated with the project. It appears there are two futures markets out there right now, neither of which attributes much value to BTG.

Bitcoin Gold Futures Don’t Look Great

It is evident the Bitcoin Gold currency won’t have much to do with Bitcoin whatsoever. It has a premine, a completely different mining algorithm, and doesn’t even use the traditional “forking method” which was used by Bitcoin Cash. In every sense of the word, it is an altcoin first and foremost, and one which seems intent on riding Bitcoin’s coattails.

That being said, there is still a fair bit of interest in Bitcoin Gold, even though obtaining and trading it may prove to be pretty troublesome. There are always people who like to speculate on the future price of existing and new cryptocurrencies. Bitcoin Gold is no exception in this regard, which is why there are at least two different futures markets as of right now.

First of all, we have a Brazilian futures market for BTG, which can be found on Bleutrade. At the time of writing, every BTG was valued at 0.045 Bitcoin, which is actually a bit higher than most people would expect. There is also a similar market on the Bitstar exchange, which projects a much higher price for Bitcoin Gold futures right now, at 0.0718 Bitcoin per BTG.

It remains to be seen which of these two values comes closest to the real value of Bitcoin Gold once the currency is actually released. Futures markets never represent the expected value of trading vehicles whatsoever. Bitcoin Gold is still worth zero right now, as the coins do not exist just yet.

At the current valuations, one BTG would be worth anywhere from US$274.50 to US$438. That is a pretty wide gap, but it is to be expected for a currency that has yet to be released to the public. Considering how there will be a significant premine and there is no official “issuance” of coins whatsoever, it will be interesting to see what value people are willing to attribute to Bitcoin Gold in the long run. Moreover, it remains to be seen how the mining situation for BTG will evolve.

In the end, there are plenty of people who would love to get their hands on BTG sooner rather than later. Moreover, it is good to see some support for Bitcoin Gold right now, even though it will probably end up being the lesser of all Bitcoin “forks” in the future. Then again, there are no guarantees in the world of cryptocurrency, and things are always subject to change.

Lucyd – Decentralizing the AR Space with Glasses

lucyd logoIt’s not every day that an ICO comes around with thirteen patented technologies for a virtual space that’s expected to boom. By introducing their token LCD, Lucyd endeavors to make the future of augmented reality decentralized. Disclosure: This is a Sponsored Article With the traditional market realizing that AR is no gimmick, market experts expect that the AR space will be worth 134 billion dollars by 2021. In the nascent stages of this technical revolution, Lucyd has procured thirteen patents from the University of Central Florida that optimizes AR visionware. These patents allow for a sleek design with familiarity. Wearing

lucyd logo

It’s not every day that an ICO comes around with thirteen patented technologies for a virtual space that’s expected to boom. By introducing their token LCD, Lucyd endeavors to make the future of augmented reality decentralized.

Disclosure: This is a Sponsored Article

With the traditional market realizing that AR is no gimmick, market experts expect that the AR space will be worth 134 billion dollars by 2021. In the nascent stages of this technical revolution, Lucyd has procured thirteen patents from the University of Central Florida that optimizes AR visionware.

These patents allow for a sleek design with familiarity. Wearing Lucyd glasses is expected to be like wearing normal prescription glasses. These innovations come as a relief to prospective users who expect glasses to be comfortable to wear. Not only are Lucyd’s designs comfortable to wear, they will allow for prescribed lens wear as well.

The glasses will also give 120° field of vision which is vastly superior to the Lumens head mounted display (HMD) which is expected to provide 55° or the Google Glass which yielded 54°. By cutting down the size of the AR frame, Lucyd is also able to cut down the waste of light use in the machine. This in turn provides a better optical resolution.

Innovation doesn’t just stop with the frame size. Lucyd’s head mounted display will plug into your smart phone, an improvement that allows for energy efficiency as well as access to your handheld operating system whether it be Android or iOS.

Lucyd plans on working with app stores to provide apps unique to their HMD. As Lucyd grows they intend to decentralize and introduce the Lucyd Lab which is an independent store that provides native apps and other products in return for LCD.

Lucyd intends to raise the 25 million dollars that they need from their 50 million LCD sale. Another 50 million LCD is designated to go to lock for the team. LCD will go on sale exclusively for Ether. All the money raised by the ICO will go into development of a prototype, business development, administration and legal compliance. The exact amount of Ether, an LCD is worth will be determined by the sale date. And Lucyd intends to sell their AR device for LCD exclusively.

Lucyd’s team, led by Konrad Dabrowski, Eric Cohen, and Harrison Gross, is very confident in their published patents allowing a seamless user experience. It is a rare ICO with patents and an experienced team with quality advisors. The research professor that developed the thirteen patents, Janick Rolland Ph.D., works as an advisor and optics expert.

Lucyd ensures that they will only have a sale like this once. Any tokens not sold are kept in the team’s storage. The pre sale which is capped at 25 million has already started this Oct 17.

Tezos ICO Is Officially Under Investigation

TheMerkle Tezos InvestigationA few days ago, it became painfully obvious that the Tezos ICO was going through a very rough patch. With an internal power struggle taking place, it is evident things will not be settled anytime soon. To make matters worse, there is now an official investigation underway against Tezos on behalf of various ICO investors. Things are escalating quickly for a company with plenty of ambition. Tezos Woes Grow Worse Over Time In an odd way, it seemed always a matter of time before we would see the first official investigation and potential court case against a major cryptocurrency ICO. Unfortunately for everyone

TheMerkle Tezos Investigation

A few days ago, it became painfully obvious that the Tezos ICO was going through a very rough patch. With an internal power struggle taking place, it is evident things will not be settled anytime soon. To make matters worse, there is now an official investigation underway against Tezos on behalf of various ICO investors. Things are escalating quickly for a company with plenty of ambition.

Tezos Woes Grow Worse Over Time

In an odd way, it seemed always a matter of time before we would see the first official investigation and potential court case against a major cryptocurrency ICO. Unfortunately for everyone who invested in Tezos, this investigation will affect them in one way or another. Block & Leviton LLP, a Boston-based law firm, confirms there is an official investigation on behalf of Tezos ICO investors. That doesn’t bode all that well for this ambitious project which was endorsed by Tim Draper.

After raising US$230 million in funding through its ICO, things started to unravel for Tezos. Not only is the trading of tokens delayed indefinitely, there is also a beef between the project’s foundation and the actual founders. It is evident this matter will not be resolved amicably any time soon, which only brings more negative attention to this particular project. With the new investigation underway, things will only heat up even more.

The falling out between Tezos co-founders Arthur and Kathleen Breitman and Tezos Foundation president Johann Gevers is the main reason for the new investigation. Mudslinging between all parties has been going on for some time now, and a lot of ICO investors are understandably growing concerned. Indeed, the project’s success is currently at risk, although it remains to be seen how things will evolve in the coming weeks and months.

Anyone who invested in this ICO and is wondering about their legal rights should get in touch with Block & Leviton LLP as soon as possible. There are two attorneys on the case already, and it seems we may expect some fireworks sooner or later. The investigators are actively looking for whistleblowers or anyone else who may possess damning evidence on this project. Whether or not such details will ever emerge remains highly doubtful, though.

Additionally, this investigation seems to hint that the Tezos ICO violated securities laws and regulations. If that is the case, things will soon go from bad to worse for this project and all its investors. Rest assured this is not the last we will hear about the Tezos investigation, although it remains to be seen what evidence comes to the surface in the coming weeks and months.

All of this further confirms that investing in cryptocurrency ICOs remains a big risk. Sadly, a lot of people don’t conduct due diligence before handing money to complete strangers. In particular, some of the larger projects will face struggles like this one in the months and years to come. After all, projects with the biggest buzz are often the first to be scrutinized. For now, Tezos isn’t in a good place, but things may eventually be resolved in a professional manner.

düber Technologies – Incentivizing through Blockchain

duber logoWhile a variety of cryptocurrencies have dealt with the cannabis space, düber Technologies Inc. is bringing their established and well-operating organization to the blockchain with the launch of their new düber Token (DBR). The company’s mission is to help small and medium-sized businesses compete with larger corporations through superior technology, all the while ensuring that they maintain regulatory compliance. Their existing business provides customers with online ordering, self-serve systems, global product search, digital signage and advertising products, and is currently operational in US state jurisdictions which have legalized medical and recreational cannabis. Disclosure: This is a Sponsored Article The düber

duber logo

While a variety of cryptocurrencies have dealt with the cannabis space, düber Technologies Inc. is bringing their established and well-operating organization to the blockchain with the launch of their new düber Token (DBR). The company’s mission is to help small and medium-sized businesses compete with larger corporations through superior technology, all the while ensuring that they maintain regulatory compliance. Their existing business provides customers with online ordering, self-serve systems, global product search, digital signage and advertising products, and is currently operational in US state jurisdictions which have legalized medical and recreational cannabis.

Disclosure: This is a Sponsored Article

The düber is intended to incentivize and improve information exchange in the cannabis community, ranging from product data to reviews, referrals, loyalty, and advertising, all contained on the düber platform. The düber team has a great deal of experience, with their CEO Glenn Ballman having founded and led his previous company through a $200+ million USD IPO on the NASDAQ. Their 25-person team has 16 full-time developers with experience ranging from mobile payment processing to retail POS and inventory management.

One unique feature of the düber ICO is their use of an SAFT (Simple Agreement for Future Tokens) structure. This structure has been developed by multiple legal teams to ensure that it is legally compliant with existing investment regulations. The düber team has chosen this structure to provide their contributors with the confidence that their offering reaches the highest levels of compliance currently available. Investors are funding development through to a public launch, at which point the SAFT is automatically converted into DBR tokens which have utility on the düber platform.

The DBR token sale will be running in four stages, with three presale stages and one general crowd sale. Investors are still in time to access the second stage of the crowd sale, which launched on October 17th and features a 20% bonus.

The team’s advisory board consists of some of the leading figures in blockchain and cannabis technology, and the company’s partners include respected retailers, distributors, processors, and producers in the licensed cannabis industry. This broad range of partners and advisors reinforces the company’s ability to cover the cannabis industry’s entire supply chain. Another factor likely to embolden investors is the company’s recent landing of $50 million dollars in funding for the creation of 15 distribution centers.

The company’s white paper is available on their website at dubercoin.com, as well as having outreach efforts on a variety of social media platforms. From their headquarters in Seattle, Washington, the company’s software-as-a-service platform hopes to bring token economics and incentivization to their pre-existing point of sale online ordering and self-serve systems. By getting community members to providing product information, photos, reviews and loyalty programs, as well as reaching through to producers and distributors, the company stands poised to capture the future of the cannabis industry.

Only one Japanese Exchange Will Effectively Trade Bitcoin Gold

No one can deny we have seen plenty of debates regarding Bitcoin Gold as of late. The bigger question is which service providers will effectively support this altcoin. Over in Japan, it seems the opinions are somewhat divided for the time being. bitFly…

No one can deny we have seen plenty of debates regarding Bitcoin Gold as of late. The bigger question is which service providers will effectively support this altcoin. Over in Japan, it seems the opinions are somewhat divided for the time being. bitFlyer plans to distribute and trade BTG, which is perhaps the most notable … Continue reading Only one Japanese Exchange Will Effectively Trade Bitcoin Gold

The post Only one Japanese Exchange Will Effectively Trade Bitcoin Gold appeared first on NEWSBTC.

LocalEthereum Is Well-Received by ETH Buyers and Sellers so Far

TheMerkle LocalEthereum is LivePeer-to-peer exchange platforms for various cryptocurrencies are slowly gaining traction. Most people already know LocalBitcoins has become a major platform for trading the world’s largest cryptocurrency. Monero has its LocalMonero platform, and Ethereum now has LocalEthereum. It seems the latter platform is off to a good start already. So it Begins for LocalEthereum Ethereum enthusiasts have been waiting to see whether LocalEthereum would get off to a good start. Although these are still the very early stages for this platform right now, it is evident there is a growing demand for ETH on a global basis. This is somewhat surprising news, given the growing number

TheMerkle LocalEthereum is Live

Peer-to-peer exchange platforms for various cryptocurrencies are slowly gaining traction. Most people already know LocalBitcoins has become a major platform for trading the world’s largest cryptocurrency. Monero has its LocalMonero platform, and Ethereum now has LocalEthereum. It seems the latter platform is off to a good start already.

So it Begins for LocalEthereum

Ethereum enthusiasts have been waiting to see whether LocalEthereum would get off to a good start. Although these are still the very early stages for this platform right now, it is evident there is a growing demand for ETH on a global basis. This is somewhat surprising news, given the growing number of exchanges supporting Ethereum already. At the same time, it is good to see so many people getting fed up with centralized platforms acting as a custodian for user funds.

Whether or not LocalEthereum will become a major success remains to be seen. There is certainly a lot of activity on this platform right now, as there are quite a few listings for buyers and sellers alike. What makes platforms like this one so appealing is how people can determine their own payment methods. Wire transfers are still possible, of course, but they are far less common on peer-to-peer marketplaces due to their slowness.

Instead, we see various listings for cash in-person pickups, Alipay, PayPal, and other payment methods. Although we strongly advise people not to work with refundable payment methods when buying or selling cryptocurrency, there is always a market for more convenient options in this regard. PayPal is perhaps the worst payment solution when it comes to cryptocurrency, as nefarious buyers can easily charge back transactions and keep the cryptocurrency at the same time.

More importantly, we see listings from all over the world showing up on LocalEthereum. Some people may be surprised to see quite a few Russian sellers on this platform already, though that shouldn’t be a real shock whatsoever. Colombia, Australia, China, and the US are all well-represented at this early stage as well. That’s a very positive trend for this new platform; that much is evident.

Other features to take note of when using LocalEthereum are its end-to-end encryption, a signature system, and in-browser wallet support. The company itself has no access to people’s Ether, which is of great importance to both buyers and sellers. This also means there isn’t a true escrow system in place either, but it remains to be seen if this is a downside at all. After all, the better option is always to not have third parties control your money, and LocalEthereum checks all the right boxes in this regard.

If this platform gains some major traction, it will be interesting to see if it affects the trading volume across centralized exchanges. More often than not, that won’t be the case, but one never knows what the future may hold. It is time people stopped relying on centralized exchanges for their cryptocurrency needs. Decentralization is the name of the game, and we need more marketplaces and exchanges embracing a decentralized business model.

NEO Price Gains 11% Against Bitcoin but Remains Volatile

THeMerkle NEO Price VolatilityMost cryptocurrencies aren’t performing too well right now. That is nothing new during the weekend, as it is often a period with less exciting trading action in general. One of the few currencies noting any gains whatsoever is none other than NEO. It has been another somewhat rough week for this altcoin, but its price is showing some signs of life as we speak. NEO Price Mounts Another Comeback Most people always root for the underdog regardless of the setting. In the world of cryptocurrency, NEO is clearly one of those underdogs right now, as the currency has been struggling a bit as of

THeMerkle NEO Price Volatility

Most cryptocurrencies aren’t performing too well right now. That is nothing new during the weekend, as it is often a period with less exciting trading action in general. One of the few currencies noting any gains whatsoever is none other than NEO. It has been another somewhat rough week for this altcoin, but its price is showing some signs of life as we speak.

NEO Price Mounts Another Comeback

Most people always root for the underdog regardless of the setting. In the world of cryptocurrency, NEO is clearly one of those underdogs right now, as the currency has been struggling a bit as of late. The past week has seen some big gains and losses, while the battle for a stable NEO price floor is still in full effect as we speak. Finding that solid support won’t be easy by any means.

At the start of this week, the NEO price was hovering close to US$27. We then saw a climb to US$28.50 and ultimately even US$31.50. At that time, the Bitcoin price started flexing its muscle again, effectively pushing the NEO price down again. All altcoins have been suffering this week, and it seems that trend is anything but over as of right now.

Fast forward to the past 48 hours, and things have become a bit more volatile. More specifically, the NEO price continues to oscillate between US$28.50 and US$26.10, which means there is some good money to be made from flipping coins back and forth. Right now, we have a NEO price of US$28.47, although it remains to be seen if NEO can breach the US$30 resistance again and stay above it for an extended period of time.

Despite the price volatility, it does not appear the NEO trading volume has been affected in any negative manner. More specifically, the 24-hour volume is still within the US$35-50 million range, which is pretty solid for this particular altcoin. That number has been generally constant for several weeks now, although few people would mind seeing it go up. After all, low trading volume often leads to speculation and manipulation, which isn’t a good thing for most altcoins.

So far, Bittrex, Binance, and Bitfinex are the three largest exchanges ranked by NEO trading volume. It is interesting to see Binance on this list, as the Chinese exchange is bringing some serious competition to Bittrex. Then again, competition is only a good thing, as it makes the entire ecosystem healthier. It isn’t easy for most coins to be listed on either platform these days, yet NEO has been listed on both of them for quite some time now.

For the time being, things are looking pretty good for the NEO price. Whether or not things will change remains to be seen. There is upward potential, although we may see consolidation around the US$25 level as well. Thanks to an 11.22% gain against Bitcoin since yesterday, NEO is doing something most other altcoins are struggling with right now. If Bitcoin were to start moving up again, however, it is doubtful we’d see a NEO price increase.

Pareto – the Peer to Peer Financial Content Marketplace

paretoSan Francisco, CA – October 22, 2017 – Pareto, the platform that will allow anyone to create & distribute actionable financial information about digital currencies, and get rewarded for it, announced the launch of their upcoming Token Sale with the first phase, Presale, which will begin on October 30th. Pareto’s whitelist is now open for registration on their website for a limited group of participants who will be given early access to the Presale and the launch of the Pareto platform. The Presale is the first step in raising capital to establish the first peer to peer financial information network.

pareto

San Francisco, CA – October 22, 2017 – Pareto, the platform that will allow anyone to create & distribute actionable financial information about digital currencies, and get rewarded for it, announced the launch of their upcoming Token Sale with the first phase, Presale, which will begin on October 30th. Pareto’s whitelist is now open for registration on their website for a limited group of participants who will be given early access to the Presale and the launch of the Pareto platform. The Presale is the first step in raising capital to establish the first peer to peer financial information network. Pareto will announce their official Token Sale date in the near future.

Cryptocurrencies are a brand new subject of investment analysis and many factors must be taken into account when making an investment decision for any one of these assets. These include the token project’s codebase and smart contracts as well as its proposed model of decentralization, economic incentives and behavioral design, and the long term viability of its underlying protocol stack. These many factors, alongside the rapid pace of new token and cryptocurrency offerings, create both opportunities and tremendous confusion for investors.

The best information on cryptocurrencies today exists across a wide variety of sources like Youtube, industry news sites, research reports, amateur bloggers, exchanges, forums, etc. Monetizing that information is a challenge for many of the investors. For those looking for the best information on which to act, sifting through the noise is almost impossible.

With the Pareto Network and platform, anyone with Pareto (PXT) tokens can submit content. Using a ranking algorithm, that information will be distributed to top ranked Pareto users first, with lower ranked users obtaining the information with a delay. Those who receive the information then pay the content providers by using Pareto tokens to vote on the value of the content. The more active a Pareto user is in paying out content providers, the higher their rank becomes allowing them to receive new information sooner.

Information is an extremely valuable commodity when dealing with financial products. The launch of the Pareto Network will give its users a chance to stay ahead of the curve and benefit from advanced knowledge of critical events in the crypto space. Pareto tokens will open the door to successful trading knowledge and build a community around the discovery of actionable cryptocurrency information.

About Pareto

The Pareto principle states that “roughly 80% of the effects come from 20% of the causes.”  The Pareto Network will help investors identify the “20% of the causes” affecting capital allocation and market efficiency. By incentivizing the generation and sharing of information about tradeable opportunities in cryptocurrencies and related assets, Pareto is designed to promote more accurate price discovery. Experts and enthusiasts alike can share relevant information with investors, investors can have access to more pertinent information on which to act, and both can be rewarded for their efforts.  

Pareto Network is navigating the evolving regulatory landscape with the legal counsel of Pryor Cashman LLP and Wood LLP.

Pareto Network Essential Links

Website: https://www.pareto.network/

White Paper: https://pareto.network/download/Pareto-Technical-White-Paper.pdf

Telegram: https://t.me/paretonetworkofficial

Email: [email protected]

This press release was prepared and distributed by CoinFabric. For any questions or press inquiries, please contact [email protected]

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Max Keiser Expects Bitcoin Price to Reach $10,000 Once $7,000 is Broken

Max Keiser, a highly regarded financial analyst and the host of RT’s Keiser Report, expects to see the Bitcoin price achieve $10,000 in the short-term, if it surpasses the $7,000 mark. Keiser stated: “All key Bitcoin metrics, including price, zooming h…

Max Keiser, a highly regarded financial analyst and the host of RT’s Keiser Report, expects to see the Bitcoin price achieve $10,000 in the short-term, if it surpasses the $7,000 mark. Keiser stated: “All key Bitcoin metrics, including price, zooming higher. $7,000 will soon fall. $10,000 is a fait accompli.” Key Factors For Bitcoin Price … Continue reading Max Keiser Expects Bitcoin Price to Reach $10,000 Once $7,000 is Broken

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