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OnPlace Tokenized Corporate Assets: Pre-sale Starts from February 1, 2018

Investing in private IT organizations is one of the most lucrative and reliable ways to earn higher ROI in a relatively shorter time frame. Developing an idea of tokenization protocol of PATS (Private Asset Tokenization Systems), the team at OnPlace lays the foundation for such investments over blockchain. The platform, to make its vision a … Continue reading OnPlace Tokenized Corporate Assets: Pre-sale Starts from February 1, 2018

The post OnPlace Tokenized Corporate Assets: Pre-sale Starts from February 1, 2018 appeared first on NewsBTC.

Investing in private IT organizations is one of the most lucrative and reliable ways to earn higher ROI in a relatively shorter time frame. Developing an idea of tokenization protocol of PATS (Private Asset Tokenization Systems), the team at OnPlace lays the foundation for such investments over blockchain. The platform, to make its vision a reality has embarked on the ICO route. It systemizes all the cumulating experience in the investment sphere, focusing attention and efforts to develop financial markets mainly via ICO mechanisms – investing in the businesses of closed, private companies.

The Background

Attracting investments into spheres like education, e-commerce, fintech, etc. has changed a great deal. It has shifted from the conventional method of drafting business plans, sending them to banks and/or pitching them in front of various angel and venture capital investors to a more democratized, crowd-enabled process. The ease of raising capital and getting early customer buy-in has encouraged the use of cryptocurrency technology and tokens to raise investments through ICOs and crowdsales.

In simple words, investing is becoming fully tokenized, and the upcoming model can potentially make the entire fundraising process easier for both investors as well as companies. Given the fact that a significant percentage of startups failed due to financial constraints, lack of required skills and expertise in the team and sometimes irrelevance of the offerings in the market, OnPlace could fill in the gaps to address the shortcomings of these businesses.

How Does OnPlace Overcome These Challenges?

Based on the PATS tokenization protocol, OnPlace builds the foundation for the partial realization of goals to transition ICO to the new level. Companies adopting the platform can tokenize various aspects of their business to raise the required capital, giving a range of options to the investors to put their money to good use. Some of the tokens on OnPlace includes:

  • Token offers of active, profitable technology companies
  • Tokens of best employers and development teams around the world
  • Tokens representing new-age technologies and innovative solutions addressing the real-world needs.
  • Tokens representing monetization and financial models, which are used for value transfer/exchange by a significant number of users
  • Tokens invested into by VCs and investment firms around the world.

PATS Protocol & Tokenization of OTC Assets

The market puts forward limited offers to invest in private companies in a secure and potentially profitable fashion. Investing in these is made easier through tokenization, as per the PATS protocol, which is devised to

  • Create marketplace opportunity
  • Select investments for tokenization, as per the pre-established criteria and consultation with crypto-investors
  • Tokenization of chosen projects using PATS
  • Formation and initial input of PATS tokens into liquid circulation
  • Fully decentralized control to support tokens

The PATS protocol introduces the contracts to the investors and the decentralized token market. The token holders based on PATS protocol influence the movement of assets and exchange tokens through a smart contract. The tokenized private assets are then added to classic exchanges, where investors can buy them and be a member of this decentralized investor community.

About Pre-Sale & Main ICO:

The token pre-sale of OnPlace is starting from February 1, 2018, issuing 110,000,000 tokens for sale. Later, the main ICO will be announced. To know more about the platform and participate in its upcoming token pre-sale, please visit https://onplace.io/.

 

The post OnPlace Tokenized Corporate Assets: Pre-sale Starts from February 1, 2018 appeared first on NewsBTC.

Bitcoin Under Increasing Scrutiny on Island of Bali – Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)

Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)Bitcoin Under Increasing Scrutiny on Island of BaliCointelegraph (Bitcoin, Cryptocurrency and Blockchain News)Bitcoin is under heavy surveillance on Bali, an island in the Indonesian archipelag…


Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)

Bitcoin Under Increasing Scrutiny on Island of Bali
Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)
Bitcoin is under heavy surveillance on Bali, an island in the Indonesian archipelago, according to local reports. Central Bank officials are seeking to crack down on the use of the cryptocurrency anywhere in the nation. Causa Iman Karana, head of Bank ...

and more »

Keep Calm And Hodl? CNBC Guest Tells Bitcoin Critic to ‘Piss Off’ – Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)


Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)

Keep Calm And Hodl? CNBC Guest Tells Bitcoin Critic to ‘Piss Off’
Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)
The mainstream media debate over Bitcoin as a success or failure approached live comedy this week after a “brawl” broke out between guests on a CNBC panel. In an exchange which ended an edition of the network’s increasingly notorious Fast Money segment

and more »


Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)

Keep Calm And Hodl? CNBC Guest Tells Bitcoin Critic to 'Piss Off'
Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)
The mainstream media debate over Bitcoin as a success or failure approached live comedy this week after a “brawl” broke out between guests on a CNBC panel. In an exchange which ended an edition of the network's increasingly notorious Fast Money segment ...

and more »

Bitcoin And Socioeconomics Are At Odds – Seeking Alpha

Seeking AlphaBitcoin And Socioeconomics Are At OddsSeeking AlphaOver the past century the world has dropped the gold standard, and the reasons for that lead one to think cryptocurrencies will not be our new payment system. Our modern social democratic …


Seeking Alpha

Bitcoin And Socioeconomics Are At Odds
Seeking Alpha
Over the past century the world has dropped the gold standard, and the reasons for that lead one to think cryptocurrencies will not be our new payment system. Our modern social democratic economies need the ability to print money in order to finance ...

Bitcoin Had a Strange Week. Does It Matter? – Slate Magazine

Slate MagazineBitcoin Had a Strange Week. Does It Matter?Slate MagazineBitcoin had a lackluster week, with dramatic drops midweek that made some question the hype cryptocurrencies had generated in the latter months of 2017. And then it started to recov…


Slate Magazine

Bitcoin Had a Strange Week. Does It Matter?
Slate Magazine
Bitcoin had a lackluster week, with dramatic drops midweek that made some question the hype cryptocurrencies had generated in the latter months of 2017. And then it started to recover, reminding us how erratic cryptocurrencies are. Reports that ...

and more »

Trading Bots to Govern an Investment Strategy of Newly Created Decentralized Autonomous Funds

NaPoleonX is introducing Decentralized Autonomous Fund to make investing in both cryptocurrencies and conventional assets on the same platform possible and robust. #SPONSORED

NaPoleonX is introducing Decentralized Autonomous Fund to make investing in both cryptocurrencies and conventional assets on the same platform possible and robust. #SPONSORED

Bitcoin is stuck and without a plan to gain customers it could be doomed – Dallas News (blog)


Dallas News (blog)

Bitcoin is stuck and without a plan to gain customers it could be doomed
Dallas News (blog)
After a meteoric rise, bitcoin’s price has fallen more than 50 percent in one month. The recent price crash fits a classic model of technology adoption. Geoffrey Moore’s best-seller, Crossing the Chasm, describes how the growth of a new technology


Dallas News (blog)

Bitcoin is stuck and without a plan to gain customers it could be doomed
Dallas News (blog)
After a meteoric rise, bitcoin's price has fallen more than 50 percent in one month. The recent price crash fits a classic model of technology adoption. Geoffrey Moore's best-seller, Crossing the Chasm, describes how the growth of a new technology ...

Bitcoin Price Analysis: Potential Bearish Continuation Sets Up Lower Lows

Shortly after a sharp drop from the mid $14,000 to the lower $9,000s, bitcoin saw a strong bounce to the upper $11,000s. At the time of this article, bitcoin appears to be consolidating and is ready to make its next move:Figure 1: BTC-USD, 1 Day Can…

Bitcoin Price Analysis

Shortly after a sharp drop from the mid $14,000 to the lower $9,000s, bitcoin saw a strong bounce to the upper $11,000s. At the time of this article, bitcoin appears to be consolidating and is ready to make its next move:

fig1

Figure 1: BTC-USD, 1 Day Candles, Macro View

In the previous BTC market analysis, we discussed the distribution trading range the market fell out of as it reached for lower support boundaries. Ultimately, it found support on the macro 50% retracement values near $10,000. Once it broke south of the trading range, the price fell sharply and with high volume:
fig2

Figure 2: BTC-USD, 15 Minute Candles, Current Support and Resistance Levels

After bouncing off the macro 50% values, the market rallied and ultimately tested the linear trendline shown in Figure 1. Now, after several failed attempts to break the linear trendline’s resistance, the market finds itself in a consolidation pattern where it decides where it will move next.

fig3

Figure 3: BTC-USD, 60 Minute Candles, Potential Bear Flag

One possibility to keep a close eye on is this potential, strong bear flag. After finding support on the macro 50%, the subsequent rally saw decreasing volume throughout the length of the movement. This sort of price action could potentially lead to a bearish continuation with a measure move between $4000 and $5000 — a price target of approximately $6,000 – $7,000. If a drop of this magnitude continues the downtrend, we can expect to find support on the 61% macro Fibonacci retracement values shown in Figure 1.

It’s important to note that bitcoin has a penchant for breaking upwards when all signs say “down,” so tread lightly and wait for confirmation of the move. Confirmation of the bear flag breakout would show a pretty obvious outlier in volume, combined with wide price spread.

Summary:

  1. Bitcoin recently saw a steep drop in price where it ultimately found a local bottom in the low $9,000s.
  2. Since it bottomed out, it has seen a rally on decreasing volume which leaves the door open for a bearish continuation.
  3. If the bearish continuation continues, expect support on the 61% macro retracement values.

Trading and investing in digital assets like bitcoin and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.

This article originally appeared on Bitcoin Magazine.

Two New Services Could Help Investors Rate Cryptocurrencies

Increasing interest in cryptocurrencies has led to an influx of new investors. Unlike traditional markets, there are few tools that can help people make informed decisions, a situation that has already begun to claim victims in a particularly volati…

Cryptocurrency Rating Services Launched

Increasing interest in cryptocurrencies has led to an influx of new investors. Unlike traditional markets, there are few tools that can help people make informed decisions, a situation that has already begun to claim victims in a particularly volatile environment.

In separate announcements, Weiss Ratings and Intercontinental Exchange (NYSE: ICE) have announced the introduction of new financial tools to help investors navigate the cryptocurrency market and make smarter investments.

Weiss Ratings, an established independent rating agency of financial institutions, says they will begin issuing ratings for cryptocurrencies on January 24, 2018, to help investors make informed decisions.

ICE, an operator of a network of global futures, equity and equity options exchanges, is partnering with blockchain technology provider Blockstream to launch the Cryptocurrency Data Feed (CDF).

Weiss Ratings Takes On Cryptocurrencies

Founded in 1971, Weiss is an independent rating agency of financial institutions. They will begin issuing letter grades for cryptocurrencies including Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, NEM, Litecoin, Stellar, EOS, IOTA, Dash, NEO, TRON, Monero, Bitcoin Gold and many others.

According to Weiss Ratings founder Martin Weiss, the data they are using is a combination of purchased data and data collected through other sources. It is updated on a daily basis, covering a sliding 12-month window.

Regressive testing to verify past data that the company uses to confirm predictions is still ongoing, but results have been accurate thus far, Weiss told Bitcoin Magazine.

“We have built an analytical technology over the years using intelligent models to replicate the real world and we are applying [these] to cryptocurrenc[ies]. These have been very accurate for many years.”

Ratings are built up across multiple indexes. The company built new models to reflect cryptocurrency data and developed an overall grading system that is broken down into four separate sub-models:

  1. Risk Index — The level of risk involved in the investment, based on factors like price activity and volatility.
  2. Reward Index — The potential reward outcome, based on historical patterns of buying and selling.
  3. Technology Index — A primarily manual process, where company analysts review the source code and white papers, analyze price movement and make ratings in a Query Tree (their internal software) to generate a quantitative result.
  4. Adoption Index — A measurement of adoption along two dimensions: how broadly it is adopted, transaction speed, settlement times, etc.

“A weighted average of those 4 indices is used to get the final grade,” said Weiss. “The goal at Weiss is to empower the investor to make prudent decisions.”

ICE Data Services: Real-Time Trading Data

The Cryptocurrency Data Feed (CDF) is a multi-asset and multi-venue data feed, capturing nearly 80 percent of cryptocurrency exchange trading volume over more than 15 exchanges around the world. It measures leading cryptocurrencies against the U.S. dollar and other major currency pairs.

The captured data is normalized to create a unique number sequence to identify the transaction, details of where the trade took place, quantity, price, currency, timestamp and other relevant order book data. This is designed to enable ICE Data Services’ customers to receive global market–representative trading data in a real-time feed with high-quality information.

“With the broad array of cryptocurrencies and exchanges, and given the price variances between exchanges, it’s critical that investors have a comprehensive source of pricing information,” said ICE Data Services President and COO Lynn Martin in a statement.

According to Blockstream SVP of Business Affairs Alex Fowler, the initial exchange partners set up through cooperative agreements include Bitbank, Bitfinex, BitMEX, Bitso, Bitstamp, BtcBox, BTCC, CEX, Coinfloor, Coincheck, itBit, GOPAX, OKEx, SurBTC, The Rock Trading, Unocoin, Vaultoro and Zaif, with more coming soon.

The data is collected using the exchanges’ APIs and, in some cases, by setting up dedicated connections with them. The current feeds lack standardized formatting and information: part of what ICE is providing is a single source that consolidates and standardizes the data, which will average out the information from the multiple sources into a more accurate overall view.

Historically, the data currently only goes back to the initial integration; however, Blockstream is working with the exchanges to try and incorporate older data as well.

Fowler told Bitcoin Magazine, “We believe that a consolidated data source, resulting from the combined participation of a strong and growing list of exchange partners globally, will enable us to address these gaps and thereby promote better liquidity, price stability, and public confidence in cryptocurrency as asset class.”

CDF will include bitcoin and a wide range of cryptocurrencies and currency pairings on launch; the final list will be on their website. ICE will develop and publish a selection of criteria for decisions on the addition and/or removal of assets in the feed. This will be an ongoing process as the market evolves. Access to the real-time CDF will be available to subscribers of ICE Data Services’ Consolidated Feed in March 2018.


This article originally appeared on Bitcoin Magazine.

Weiss Ratings Will Bring More Legitimacy to Proper Cryptocurrencies

TheMerkle Weiss Ratings CryptocurrenciesMost people are familiar with the concept of financial ratings. Every individual country has its own credit rating, and there are individual consumer credit ratings to contend with as well. In a way, it makes sense for Weiss to issue ratings for cryptocurrencies as well. How this will affect the industry as a whole is difficult to predict. This is one of the most exciting developments we have seen in a while, though. Introducing the Weiss Cryptocurrency Ratings Although most people don’t know what to make of the Weiss ratings for cryptocurrencies, it is safe to say this is a

TheMerkle Weiss Ratings Cryptocurrencies

Most people are familiar with the concept of financial ratings. Every individual country has its own credit rating, and there are individual consumer credit ratings to contend with as well. In a way, it makes sense for Weiss to issue ratings for cryptocurrencies as well. How this will affect the industry as a whole is difficult to predict. This is one of the most exciting developments we have seen in a while, though.

Introducing the Weiss Cryptocurrency Ratings

Although most people don’t know what to make of the Weiss ratings for cryptocurrencies, it is safe to say this is a positive development. Associating such ratings with the top cryptocurrencies will bring more legitimacy to the industry as a whole. That can only be considered a good thing, considering that the public still associates cryptocurrency with terms such as “bubble”, “scam”, and “criminality”. Changing these perceptions will not be easy, but with the Weiss ratings, that may change sooner or later.

Weiss Ratings is the United States’ leading independent rating agency for financial institutions. It will soon extend its services to the world of cryptocurrencies. At first, there will be a strong focus on top currencies, which are seemingly determined by market cap as of right now. The list includes Bitcoin, Ethereum, Bitcoin Cash, Stellar, XRP, Dash, Monero, and several others. Each of these currencies will be analyzed thoroughly to determine its individual Weiss rating.

Coming up with such ratings will not be an easy feat. To do so, the company has put together a “unique” model which will analyze each crypto’s technology, usage, trading patterns, and so forth. Based on this information alone, it is likely that some of the aforementioned currencies will receive lower ratings than what some people would expect. After all, the current top 20 crypto rankings include several projects with almost no use cases, technologies which aren’t even finished, and trading patterns which are borderline shady.

Weiss Ratings founder Martin D. Weiss commented as follows:

Many cryptocurrencies are murky, overhyped and vulnerable to crashes. The market desperately needs the clarity that only robust, impartial ratings can provide. We’re proud to be the first to bring that benefit to investors — to help them cut through the hype and identify the few truly solid cryptocurrencies. Our ratings are based on hard data and objective analysis. But they’re bound to create controversy, including some grades that may come as a surprise to some people.

It is certainly true that the cryptocurrency world needs a reality check in some form. More specifically, we see currencies with working technology and solid foundations being overshadowed by “flavor of the month” coins. This trend will need to come to an end sooner rather than later if the cryptocurrency industry is to grow. With half-finished projects soaring to multi-billion dollar market caps, it is evident something is very wrong right now. Whether or not Weiss’s ratings will deter people from hyping up “clutter” in the cryptocurrency world remains to be seen, though.

After all, it will be relatively easy for most people to simply ignore the Weiss ratings associated with certain cryptocurrencies. Since a lot of novice investors have been disregarding common sense for some time, it is only normal that something will have to give. A lot of money has been cut from the total cryptocurrency market cap, partially because of unreliable products reigning supreme. BitConnect is a good example of how things can go awry very quickly when people do not conduct their due diligence. An official rating system will certainly introduce more legitimacy to those cryptocurrencies which people should pay more attention to in the future.