The Detroit NewsColumn: Bitcoin provides competitionThe Detroit NewsBitcoin forked this fall. Most of us have no idea what that means, but what has happened since is creating a future we all can appreciate. Bitcoin is leading the way in a major cryptoc…
The perpetrators, who claimed to be employees of the Canada Revenue Agency (CRA), allegedly issued threats of possible arrest to the victims for unpaid taxes if they fail to send funds through Bitcoin automated teller machines (ATM).
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The perpetrators, who claimed to be employees of the Canada Revenue Agency (CRA), allegedly issued threats of possible arrest to the victims for unpaid taxes if they fail to send funds through Bitcoin automated teller machines (ATM).
Kim Dotcom is working on a new version of the Internet that would use Blockchain for security. This and other innovative uses of Blockchain are being brainstormed.
Kim Dotcom is working on a new version of the Internet that would use Blockchain for security. This and other innovative uses of Blockchain are being brainstormed.
Figuring out how to invest in an Initial Coin Offering (ICO) is harder than it looks. Before you can invest, for example, you have to choose one from the hundreds that are being launched every month. If this is your first ICO it’s easy to feel intimida…
Figuring out how to invest in an Initial Coin Offering (ICO) is harder than it looks. Before you can invest, for example, you have to choose one from the hundreds that are being launched every month. If this is your first ICO it’s easy to feel intimidated by all the technical details, or worse, persuaded by pretty websites and shiny press endorsements. But with a little common sense and some digging, it’s fairly easy to spot the scams and find some solid investments. Here are some steps I recommend you follow before making any ICO investment.
Bitcoin Could Reach $10000 By Christmas Forbes The Bitcoin bubble is turning into a mania that could help it reach $10,000 by Christmas, before heading for another major correction. The people’s currency has passed several tests in recent weeks. One of them is the “technical test,” the crossing of …
Bitcoin Could Reach $10000 By Christmas Forbes The Bitcoin bubble is turning into a mania that could help it reach $10,000 by Christmas, before heading for another major correction. The people's currency has passed several tests in recent weeks. One of them is the “technical test,” the crossing of ...
CoinDeskMore Charges Filed Against Trader Who Used Bitcoin to Conceal Fraud ProfitsCoinDeskNew charges have been filed against a Philadelphia-based day trader accused of manipulating a series of online brokerage accounts and using bitcoin to hide the s…
More Charges Filed Against Trader Who Used Bitcoin to Conceal Fraud Profits CoinDesk New charges have been filed against a Philadelphia-based day trader accused of manipulating a series of online brokerage accounts and using bitcoin to hide the source of his profits. Joseph Willner has been charged with multiple offensives, including ...
It looks like Bitcoin’s cousins, Litecoin and Ethereum are getting their groove back. Meanwhile, Bitcoin may have finally hit a temporary ceiling. LTCEUR rode on a three-day bullish wave. You know how much I love analyzing the market sentiment using the Ichimoku Kinko Hyo. So let’s dig in and see what’s next for our favorite cryptocurrencies. LTCEUR … Continue reading LTC/EUR Breaks Above Ichimoku Cloud, While Bitcoin Pulls Back
It looks like Bitcoin’s cousins, Litecoin and Ethereum are getting their groove back. Meanwhile, Bitcoin may have finally hit a temporary ceiling. LTCEUR rode on a three-day bullish wave. You know how much I love analyzing the market sentiment using the Ichimoku Kinko Hyo. So let’s dig in and see what’s next for our favorite cryptocurrencies.
LTCEUR Crosses Above Ichimoku Cloud
After two whole weeks of consolidation inside the cloud’s daily setup, LTCEUR finally confirmed above the cloud on Thursday. Not only that, the Kijun line appears to just be crossing above the Tenkan line.
LTCEUR-Daily-Chart-Ichimoku-Fibonacci-Analysis
The downside of this fairy-tale story is that LTCEUR is now hit by the 23% Fibonacci resistance level at 57.92. The future cloud is slightly bullish but mostly flat. Now market participants are looking to see if the 23% Fibonacci holds.
What’s Going On in Litecoin’s World?
As I mentioned in my Tuesday video, the Litecoin rally started one week after South Korean Exchange, Coinone, added the cryptocurrency to its platform.
The exchange has reportedly processed $3.2 million worth of Litecoin in the first 24 hours of trading the cryptocurrency.
Coinone is one of the biggest cryptocurrency exchanges in the country. Korea is in fact, the world’s third-largest cryptocurrency market.
So the recent surge could be fuelled by the volume the exchange brought about by offering trades in Litecoin versus South Korean currency. Volumes on Bithumb, one of the biggest exchanges in South Korea, have also gone up.
However, this may not be the only reason why Litecoin price is going up.
Bitcoin’s cousin may be seen as a safe haven for market participants amid the uncertainty surrounding the Segwit2x hard fork. With that, let’s see what Bitcoin has been up to.
Bitcoin Pulls Back after Developers Call Off Plans to Split it
After showing yet another off-the-chart growth to hit the all-time-high level of $7,800, Bitcoin erased most of this week’s gains on Thursday.
What could be behind the massive volatility? Probably the suspense of its controversial upcoming hard fork.
Bitcoin was scheduled to upgrade on Nov. 16 following a proposal called SegWit2x, which would have split the digital currency in two. However, more and more major bitcoin developers dropped their support for the upgrade in the last few months. With that, on Wednesday, developers behind SegWit2x announced they are calling off plans for the upgrade. They are waiting until there is more agreement in the Bitcoin community.
What Do the Technicals Say
I must admit, Bitcoin has been one not really following traditional technical analysis measures. The main reason why is that Bitcoin has started to be viewed more as an asset rather than a digital currency.
However, we could still say that the Bitcoin price has hit a new resistance at $7,800. The support level is at $6,957.
As always, please keep in mind that trading cryptocurrencies could be very risky. Speculative trading is even riskier. Before entering a position, you must calculate your risk tolerance to be able to decide on the investment strategy that is suitable for your portfolio.
Astronaut, a currently-running ICO that seeks to create and manage an ICO basket of investments along the lines of a conventional mutual fund model borrowed from traditional finance, has indicated that its own research points to ten new ICOs currently coming to market each day. That figure, derived by ICO research house Picolo Research, which underpins … Continue reading The ICO Big Bang of 2017 – 10 ICOs a day now appearing according to leading ICO research house
Astronaut, a currently-running ICO that seeks to create and manage an ICO basket of investments along the lines of a conventional mutual fund model borrowed from traditional finance, has indicated that its own research points to ten new ICOs currently coming to market each day.
That figure, derived by ICO research house Picolo Research, which underpins the Astronaut project, appears to consolidate observations made by other, similar outfits which indicate that the numbers of ICOs is continuing to grow at an accelerating rate.
Currently, in the absence of a regulatory framework, no body – public or otherwise – can collate accurate statistics on the subject with any high degree of confidence. However, one study, conducted by another ICO research platform, ICO Examiner paints a very clear picture of the current exponential growth in numbers of ICOs coming to market.
From mid-2016 to the end of the same year, there were just over two dozen ICOs sourced by the study. On the other hand, according to that same article, more than five times that number were observed as coming to market for the first week of October 2017 alone.
Fraud and Opportunistic Token Issues a Growing Concern
Despite the current bans imposed by both the Chinese and South Korean governments, and even with clear warnings being issued to the public by the SEC who themselves are pushing for ICO issues to come under the banner of formal security investments – and thus make ICOs liable to legislation already in vigor – the volume of ICO investment has itself continued to grow unabated in a manner that mirrors the growth of ICO numbers themselves.
According to CoinDesk, the first quarter of 2017 saw combined ICO investments amounting to just under $40 million USD. That figure rose to a staggering $1.7 billion USD by September.
The concern, of course, is that ICOs are now becoming poles of attraction not only for fraudsters but for legitimate actors with weak business models that are managing to attract funding from less discerning investors.
One ICO, PlexiCoin, is seeking over $400 million USD in a bid to become the world’s “pre-eminent platform for Crypto banking.” The project team wraps itself in complete anonymity, yet has of yet to expose any evidence of a Minimum Viable Product.
“The bigger the ICO, the more people seem to want to invest in it,” said Daniel Abela, founder of ClearPoll, whose own ICO has a soft-cap of the slightly more modest figure of $100,000 which sits in line with more traditional start-ups in the same line of business.
“It never once occurred to us to go to market and ask for more than what we calculated that we would need. On the other hand, we are now under the impression that doing so may have, ironically, discouraged some investors as we are finding with our hard-cap target.”
Bitcoin price reached a record high on Wednesday, as news broke that the Segwit2x hardfork had been cancelled. The highly contentious hardfork, which was considered an upgrade to Bitcoin, would have increased the base block size to 2MB and was the seco…
Bitcoin price reached a record high on Wednesday, as news broke that the Segwit2x hardfork had been cancelled. The highly contentious hardfork, which was considered an upgrade to Bitcoin, would have increased the base block size to 2MB and was the second part of the New York Agreement (NYA) scaling plan.
Coinsilium Group Limited (NEX:COIN), the blockchain venture builder and investor that finances and manages the development of early-stage blockchain technology companies, is pleased to announce that it has signed a Memorandum of Understanding with UMT United Mobility Technology AG (“UMT”), a German company listed on XETRA, a trading venue operated by the Frankfurt Stock Exchange, … Continue reading Coinsilium signs Memorandum of Understanding (“MoU”) with UMT United Mobility Technology AG
Coinsilium Group Limited (NEX:COIN), the blockchain venture builder and investor that finances and manages the development of early-stage blockchain technology companies, is pleased to announce that it has signed a Memorandum of Understanding with UMT United Mobility Technology AG (“UMT”), a German company listed on XETRA, a trading venue operated by the Frankfurt Stock Exchange, and specialised in the development and implementation of individual mobile payment and blockchain solutions for large-scale customers such as PAYBACK (American Express Group).
Highlights:
MoU signed with mobile payments specialist, UMT United Mobility Technology AG;
Coinsilium and UMT to collaborate in the development of blockchain technology for mobile payments services focused on the B2C market;
Explore the use of digital tokens as a medium of exchange for mobile payments; and
Targets commercial agreement with UMT.
Under the MoU agreement, Coinsilium will, for a period of 3 months, work with UMT to explore the potential to develop a B2C solution for a blockchain-based digital token to function as a medium of exchange specifically focused on mobile payments. Both parties believe there are a number of opportunities to explore the development of blockchain technology solutions for mobile payment services and in the structuring of digital token offerings.
Coinsilium will also aid UMT in evaluating and determining the economic characteristics, token models and other specific properties required for a potential token sale.
Eddy Travia, Coinsilium’s CEO commented: “We are delighted to announce this MoU with UMT AG and we look forward to working with them in establishing the terms for a mutually beneficial commercial agreement in the near term. UMT is a major player in the European mobile payments arena with partnerships with major names such as PAYBACK (American Express Group).
“Our combined experience in the blockchain space makes us well placed to create innovative, reliable and safe solutions for the mobile payments industry. Our advisory team’s expertise, gained over many years, is pivotal to attracting and securing collaborations with quality partners such as, UMT.”
UMT has also advised Coinsilium that it currently holds 3,288,000 shares in Coinsilium Group Limited (NEX: COIN) representing 3.04% of the issued share capital of the Company, excluding treasury shares.
The Directors of Coinsilium Group Limited take responsibility for this announcement.
About Coinsilium
Coinsilium is a blockchain venture builder and investor that finances and manages the development of early-stage blockchain technology companies. It does this through its consortium of top-tier investors, industry thought leaders and executive managers. Based in London, Coinsilium’s focus is on driving innovation in fintech and blockchain technologies, enabling businesses to take advantage of growth opportunities.
Coinsilium shares are traded on NEX Exchange Growth Market, the primary market for unlisted securities operated by NEX Exchange, a Recognised Investment Exchange under the Financial Services and Markets Act 2000.
UMT United Mobility Technology AG is a German public company listed on XETRA, a trading venue operated by the Frankfurt Stock Exchange, and specialized in the development and implementation of individual mobile payment and blockchain solutions for large-scale customers such as PAYBACK (American Express Group). As a white-label technology provider UMT has developed one of the largest mobile payment platforms in Europe operating between parties such as large retail chains, banks, bonus program providers and end-users. Their technology is currently live in over 13,650 stores and 66,500 cash desks. In Germany, 13 million users are able to benefit from UMT’s mobile payment technology. In addition, UMT provides its customers loyalty programs and Smart Data services along the entire value chain. http://www.umt.ag/en/
Figuring out how to invest in an Initial Coin Offering (ICO) is harder than it looks. Before you can invest, for example, you have to choose one from the hundreds that are being launched every month. If this is your first ICO it’s easy to feel intimidated by all the technical details, or worse, persuaded by pretty websites and shiny press endorsements. But with a little common sense and some digging, it’s fairly easy to spot the scams and find some solid investments. Here are some steps I recommend you follow before making any ICO investment.
Bitcoin price reached a record high on Wednesday, as news broke that the Segwit2x hardfork had been cancelled. The highly contentious hardfork, which was considered an upgrade to Bitcoin, would have increased the base block size to 2MB and was the second part of the New York Agreement (NYA) scaling plan.