Day: December 8, 2017

Litecoin  (LTC) has reacted to Bitcoin’s impressive surge earlier this week with a massive run of its own. With Bitcoin finally cooling down, Litecoin is approaching a 100% price increase in just 24 hours. Litecoin is now trading at just over .01 BTC, a point which has historically been difficult to break through and remain at or above. The price of Litecoin is rapidly approaching $200, and the coin now boasts the sixth largest market cap at almost $9 billion.

While speculators may have different explanations for LTC’s surge, it can be hypothesized that this rally coincides with dwindling support for Bitcoin Cash (BCH). While most altcoins took immense beatings during Bitcoin’s huge appreciation earlier this week, Bitcoin Cash was among the biggest losers. Beyond this, the Bitcoin fork has continued to tumble, despite most other coins performing well these past two days, as they rebound from the bloodbath earlier this week. With Coinbase releasing Bitcoin Cash funds to its users next month, it is plausible to predict that Bitcoin Cash’s struggles will only continue for the near future.

Bitcoin forks have become a popular trend recently, thus creating many BTC clones and alternatives. However, Litecoin, which is by and large the most respected Bitcoin alternative among BTC supporters, is making a huge statement to its competitors- Litecoin, and only Litecoin, is the silver to Bitcoin’s gold.

Recently, there was a minor scare that a “flippening” would take place, with Bitcoin Cash threatening to overtake Bitcoin. However, if these trends continue, a different type of flippening may occur, with Litecoin potentially eclipsing BCH in market cap.

Litecoin has historically played a fundamental role as a testnet for Bitcoin, implementing potential BTC additions in a smaller, more controlled environment to see how successful it may or may not be. Litecoin’s creator, Charlie Lee has maintained a supportive approach towards Bitcoin, and it’s logical to suggest that Litecoin will not stray from its role any time in the near future.

Anyone who has noticed Pepecash flirting with the top 100 on Coinmarketcap is probably intrigued about how exactly this meme coin rose to such a position. Pepecash, which is named after the popular meme, Pepe the Frog, is currently trading at around 700 satoshi. It currently boasts a marketcap of over $75 million.

Pepecash is a CounterParty (XCP) asset, similar to BitCrystals and Databits. Pepecash serves the function of registering Rare Pepes on the XCP asset layer on top of the Bitcoin blockchain. It is also used as the primary currency to buy and sell these pepe assets. There are currently 1,500 Rare Pepes registered on the blockchain through the Pepecash protocol. Registrations happen through regular submission periods. Each period is known as a “series”. So far, there have been thirty series since the asset launched just over a year ago.

While registering memes on the blockchain is a fun novelty, it doesn’t explain the close to nine figure market cap of Pepecash. One aspect of Pepecash that supports its rising valuation is the deflationary nature of the asset. Rare Pepes, before they can be published, require a Pepecash fee. The Pepecash accrued from these fees are burnt, and forever removed from circulation. As a result, over one third of the initial supply of Pepecash has already been burnt, and that number stands to continually increase.

Beyond this, the Japanese crypto market is a major factor in Pepecash’s strong valuation. Pepecash is one of just a handful of cryptocurrencies whitelisted for exchange in Japan. Much of Pepecash’s volume comes from popular Japanese exchange Zaif, where it is typically traded at higher values than on its Western counterpart, Tuxexchange. Coins whitelisted in Japan have typically experienced very strong price support, and Pepecash is no exception. The token has historically maintaining a steady BTC value, and has even seen appreciation in BTC value, amidst Bitcoin surges, when most altcoins tend to bleed.

Lastly, some of Pepecash’s value can be attributed to speculation regarding the upcoming release of Rarepepe.party. Rarepepe.party is a Hearthstone-like trading card game implementing all 1,500 of Pepecash’s Rare Pepes. Community members have been racing to expand their Rare Pepe collections as much as possible in recent weeks, causing a surge in usage of and demand for Pepecash.

Unlike many cryptocurrency projects, Pepecash doesn’t strive to change the world or revolutionize a major industry. However, Pepecash plays a significant role in the culture and social aspect of Bitcoin and the overarching cryptocurrency community. There is tight-knit group supporting this coin. This community has had a lot of fun with Pepecash up until this point, and continue to hodl in anticipation of much more fun ahead.

Cryptocurrency has revolutionized currency transactions, and now people are finding even more uses for the digital currency technology. When startups need to raise money to get their businesses off the ground many are turning to ICOs, or Initial Coin Offerings, to fund their projects in an unregulated way. This method is similar to IPOs and even crowdfunding in that investors own something related to the company when they make an investment. Just like IPOs and Crowdfunding there is no guarantee you will ever get your money back. The risk in investing in ICOs comes from the fact that there is a small percentage of people taking advantage of the fact there are no regulations by scamming unsuspecting investors.

Jordan Belfort, better known as the Wolf of Wall Street, has warned against ICOs, calling them the biggest scam going as well as way worse than anything he ever did. A common scheme to be on the lookout for among ICO investors is the “pump and dump” scheme, wherein initial investors pump up the price of the ICO, recruit new investors, and then dump their shares and crash the price.

ICOs are risky, sure, but many people are still interested in using them just to say they got in on the ground floor. Risk is attractive to many investors, after all. Learn more about the rise of the ICO from this infographic:

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Coinfirm to help Quanta develop strict anti-money laundering and counter-terrorism financing prevention methods and streamline compliance processes through the Coinfirm AML/CTF Platform  

LONDON, UK, December 10 2017 – Quanta has announced its partnership with leading global regulation technology company Coinfirm to ensure being the first global and compliant blockchain lottery.

Quanta has enlisted Coinfirm to help identify and solve problems related to achieving and maintaining compliance and adhering to regulations. Through its API and structured reports, Coinfirm will help Quanta develop strict AML/CTF and fraud prevention methods, streamline the compliance process and give Quanta the ability to safely realize its potential and goals.

Gaming is one of the most heavily regulated industries in the world, and being a pioneer requires particular care and attention  to established requirements. Achieving full compliance is one of Quanta’s most important goals and the company are taking significant steps to ensure success through a strategic alliance with Coinfirm.

Coinfirm are globally recognized for their Blockchain AML/CTF Platform that uses over 200 proprietary algorithms, risk flagging scenario’s and big data analysis to deliver structured, actionable data,  increasing efficiency and streamlining compliance to near automation. The Platform also serves as the foundation for cryptocurrency and blockchain adoption by traditional financial entities and paves the way for mass markets. Headquartered in London, the company is establishing industry compliance standards for blockchain transactions thanks to its combination of cryptocurrency and blockchain technology expertise and experience working with major financial institutions, regulators, tech companies and start-ups.

Adam Vaziri, Chief Regulatory Officer at Quanta, commented that “We are very impressed with Coinfirm’s leading accomplishments in establishing compliance standards for blockchain and are certain that their Blockchain AML & Compliance Platform, expert knowledge and guidance will ensure mainstream trust and adoption for Quanta.”

In addition to the specialized services provided and joint development, Pawel Kuskowski, the Co-Founder and CEO of Coinfirm will join Quanta as an advisor to intimately work with the project to ensure that Quanta becomes the first ever blockchain-based lottery that is fully compliant.

An entrepreneur and regulatory AML/CFT and compliance thought leader, Pawel is a former Global Head of AML/CFT/Sanction Functions for major international banks. He has over 14 years experience in the financial sector and is the Chairman of the Compliance Association of Poland. Pawel is also an innovator in the application of blockchain technology within financial systems and has extensive experience conducting global projects for international financial institutions that cooperate with supervisory authorities.

“I am really glad Coinfirm is bringing our AML/CTF Platform and compliance solutions to such a great project like Quanta, which will help push blockchain further into mass markets. I’m equally excited to personally advise and work hands on with Quanta on their further development and growth. The collaboration of our two companies is another notch for this ecosystem and its development.” said Pawel Kuskowski.

The two companies are bringing the world its first regulated blockchain-based lottery and in doing so are establishing new levels of legitimacy for the whole blockchain ecosystem  by raising standards and setting new benchmarks for the industry.

Coinfirm has also added another feature to the AML/CTF Platform with the release of their AMLT Token. The Token of Compliance, AMLT is designed to enhance transparency and democratization within the financial system by allowing market participants to help determine the potential risk of others as well as act as the utility token that allows the holder access rights to the Coinfirm AML/CTF Platform and a range of prepaid products. Currently in Pre Sale, the AMLT public token sale begins December 12th at 3pm UTC and is available directly through the AMLT site (https://amlt.coinfirm.io)

About Coinfirm

Coinfirm serves as a foundation for the safe adoption and use of blockchain. The Coinfirm AML/CTF Platform uses proprietary algorithms and big data analysis to provide structured, actionable data that increases efficiency, reduces costs and streamlines compliance to near automation. A recognized leader in their field and among the most influential blockchain and regtech companies, the blockchain agnostic platform benefits not only companies operating around blockchain but also major financial institutions, asset management and BI companies. In addition, Coinfirm develops dedicated blockchain solutions such as their data provenance platform Trudatum, currently being piloted for adoption by multiple financial institutions. Trudatum is an easy to use blockchain solution to register and verify the ownership and authenticity of any type of document, file, or data. www.coinfirm.io

About Quanta

Quanta is a pioneering technology company that develops and implements breakthrough, blockchain-based products and services. Quanta is currently preparing for the global launch of their premier product – Quanta Lottery. The first fully compliant blockchain lottery in the world, Quanta is built on the Ethereum blockchain, and utilizes smart contracts to ensure fully autonomous, manipulation-immune gaming. Developed with breakthrough RNG (random number generation), the first provably fair lottery can operate independently or by adopted as a white label solution. Quanta also actively researches the ways in which its proprietary technologies can be implemented by diverse fields and industries. http://quanta.im/ Contact: [email protected]

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