Day: March 6, 2018

The rapid rise of cryptocurrency’s popularity left many people with the feeling that they’ve missed an opportunity to invest. This feeling hit harder when Bitcoin reached an all-time high of $20,000 at the end of last year and was projected to go up to $40,000 in 2018 and to jump up to $100,000 in 2021.

However, reality has only proved the opposite as the price of Bitcoin plunged to less than $6,000 in February stabilizing at about $9,000 a few days later. In just under a month the total market capitalization of cryptocurrencies lost almost more than half a trillion dollars of value. Not surprisingly, Citi Private Bank report described cryptocurrencies as “the most volatile asset class”.  

The volatility and the unpredictability of cryptocurrencies make it hard for a beginner investor to enter the game. Checking up on tokens price every five minutes is not that someone really wants to do on a daily basis. A French startup presents Kryll.io to make it less stressful and sophisticated offering user-friendly automated trading tools.

CREATE YOUR OWN STRATEGY

Kryll gives its users an opportunity to build their own automated crypto strategies with different LEGO-like blocks such as IF, ELSE, AND etc. For example, if the market falls by 20%, an investor may set a scenario to swap bitcoins for dollars as soon as possible. Or they may wish to buy more when the market collapses. A user can simply drag and drop blocks to create a strategy that fits their investment goals.

As the company develops they want to produce more complex blocks based on machine learning and sentiment analysis. Luca Benevolo, Kryll’s CEO, says the idea is “to analyze in real time the feeling of a token and crypto in the broad sense on social networks and to be able to extract alerts”. Therefore if the algorithm detects a community goes FUD (the fear, uncertainty, and doubt) on a cryptocurrency on social media it sends alerts with “bad feelings” to a user.

“Kryll wants to create a strategy constructor, a sort of WordPress or Tilda for traders. The project offers a comprehensive multi-platform solution, and that may be its main advantage. Desktop computers, mobile phones, and websites, combined with a flow of signals and news and integrated into a user-friendly interface – it’s easy and can be used anywhere,” – says Denis Suslov, Chief Financial Officer at Finom AG.

But one doesn’t have to create their own script from scratch. They can join a strategy created by an experienced trader for a fee in KRL (tokens gained via the ICO). The price is set up by the creator of the strategy.

DON’T RUN THE SCRIPT UNTIL IT WORKS

Once a strategy is built, the first question often is whether the strategy actually works. The company hedges users’ risks allowing them to test their scenarios for free as long as needed. They will be able to try it out using the 6 months of recorded data of market changes. Or they can choose the sandboxing option as if the script were actually running on the market.

While strategy creation and real-time simulations are free, the platform will only charge users for live trading. The project won’t take commissions on profits – their business model is based on a pay-per-use mechanism. According to its whitepaper, Kryll will use a “fuel” system. The launch of a strategy will use KRL tokens as a running fuel. The price depends on the complexity of a task: the more complicated is the script – the more it costs.  

During the ICO a KRL token is being sold for $0.20. The minimum purchase is 500 KRL. Last December Cryptense S.A.S, the Blockchain company that runs the Kryll project, has already received €200,000 from private investors before the token sale. Now their goal is to raise up to $29 million via the ICO that started on February 7, 2018, and will run until March 20, 2018. The ICO appears to be going well – in less than in a week Kryll have already sold tokens for more than $1.5 million USD.  

The post Keep It Simple: This Automated Platform Finally Makes Crypto Trading Easy and Less Risky appeared first on NewsBTC.

It has become painfully evident that not all initial coin offerings are created equal. While it is only normal that not every single venture will be completely professional, one would expect a decent standard of quality from companies trying to raise millions of dollars. Unfortunately, that is not always the case, as Miroskii has seemingly hired a Ryan Gosling lookalike as a graphic designer.

What is Going on With Miroskii?

While it is commendable to see yet another project attempt to disrupt the financial sector, the way Miroskii is going about things looks less than honest. Its business plan appears to be relatively solid, although some people may think otherwise. That is not the main issue people have with this particular venture, though. Its list of employees raises a ton of questions, as things just don’t add up.

More specifically, a lot of people have noticed how the profile pictures of the supposed Miroskii staffers are completely fake. Either a person known as Kevin Belanger is a Ryan Gosling lookalike, or Ryan has begun an entirely new career unrelated to acting. Both of these options seem equally unlikely. The more likely explanation is that the Miroskii team simply took some random images from the internet – as evidenced by some of the other staff photos – and tried to get away with it. Truth be told, the picture of Ryan Gosling looks incredibly professional, yet a face like his is one which people will recognize pretty much anywhere. This immediately raises concerns about the legitimacy of the Miroskii ICO as a whole.

It is also painfully evident that the Miroskii team did not contribute anything remotely original to its website or whitepaper, for the most part. A lot of buzzwords have been thrown together to make this venture look completely legitimate, yet in the end, we know nothing about how the team plans to achieve all of this in the real world. A whitepaper is not a business plan by any means, and projects like these clearly highlight the difference between the two.

Indeed, it is these types of projects which give the entire ICO industry a terrible name. It is only normal that people openly question this entire business model when scammy projects such as this one are allowed to exist. We can only hope that some action is undertaken to bring this ICO to an early end, although it is unlikely anyone will invest in it as of right now. At the same time, a lot of people don’t care about these things being pointed out, and they will readily dismiss them as “jealousy” and “FUD”.

It is evident there is nothing honest about the Miroskii ICO and that people should stay as far away from it as possible. Investing in this ICO will ultimately lead to financial losses for all investors, as there is no team building this project whatsoever. All they did was grab images from the internet and combine them into what looks like an all-star cast of non-existing people and famous Hollywood actors. It’s absolutely despicable.

Finally! You can trade on the new cryptocurrency exchange market. Here comes the solution for all the problems that other markets have had recently.

In a nutshell:

• quick support 24/7
• transparent platform’s funds
• highest security
• a voting system for new cryptocurrencies
• affiliate program
• cryptocurrencies: BTC, BTH, ETH, LTC, DASH, QTUM
• fiat available: BTC/EUR

CoinDeal’s team

CoinDeal.com is a cryptocurrency exchange market that has been created by an experienced team of people who aren’t just theoreticians. Quite the opposite, CoinDeal’s team consists of crypto-lovers who have been interested in blockchain and cryptocurrencies for years. They not only know what it is all about but also meet the real problems that show up during trading on cryptocurrency exchange platforms. Thanks to that, CoinDeal’s team can easily put itself in users’ place to understand what is really important for them.

CoinDeal’s creators

Behind every great team, there are people with even greater minds. People who can not only invent some new solutions but also implement them successfully. Behind CoinDeal, new cryptocurrency exchange platform, stands Adam Bicz, Kajetan Maćkowiak, and Filip Dzierżak. Three Poles who complement each other with knowledge. Adam is an experienced programmer who worked, among others, in Dubai. Now, with Kajetan, who perfectly knows how to move in marketing and business world, he has become the owner of cryptocurrency exchange platform. Filip is watching over the company’s finances and supports the IT department. Dzierżak is also Chief Operating Officer in CoinDeal. This project, CoinDeal, was preceded with other cryptocurrency businesses like BuyCoinNow.com – a service where you can buy Bitcoin, and BitcoinApi.co – a payment gateway for cryptocurrencies. Maćkowiak and Bicz are also funders of VerifiedSolutions.co – software house specialized in blockchain and cryptocurrencies.

What are the characteristics?

CoinDeal.com’s top priority is the contact with its customer. That’s why CoinDeal won’t let you wait for an answer for a long time. The Support is available for your needs 24 hours a day, 7 days a week. In CoinDeal, creators know how annoying and unprofessional it is to wait for an answer for over a week. That’s why an efficient support was one of the most important assumptions in the creation of cryptocurrency exchange market.

Another priority is the safety of users and their funds. That’s why, apart from all typical precautions like the most advanced SSL standards or mandatory 2FA, a user also gets email notifications about login attempt from different IP than usual. CoinDeal is also protected by CloudFlare security and funds are stored in cold wallets. To prevent the situation in which cryptocurrency exchange platforms are using users’ money to exist – CoinDeal.com keeps everything bright and clear. Users can check the funds, which belong to exchange market, and are not mixed with private funds of users. CoinDeal also provides 100% uptime of its platform to let its users trade anytime they want without missing any good opportunity. What’s more, after a transaction you won’t feel cheated as all the fees are visible in Fees Table.

Voting system

The CoinDeal platform really cares about its users. That’s why every new cryptocurrency will be implemented after achieving the success in “Vote for cryptocurrency” voting system. Right now, on CoinDeal.com you can trade Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Dash. Every new cryptocurrency has to be approved by winning in the voting system. This leads to the most important thing; every user has an impact on cryptocurrency exchange market development. Why? Because this solution is created for YOU.

Activate users

CoinDeal.com is not only trying to become the most successful and easy to use cryptocurrency exchange market, but also its goal is to create a community of people who are open for discussion and to help others. To make it happens, CoinDeal offers an Affiliate Program in which you can invite your friends to trade on CoinDeal and receive 20% of their trading fee as a reward. For the first 3 months of running, CoinDeal award for referral will be increased to 50%.

CoinDeal.com isn’t just empty words. Register and check yourself the new, innovative cryptocurrency exchange market.

The post New Cryptocurrency Exchange Market – CoinDeal.com appeared first on NewsBTC.

Blockchain will be used to protect integrity of Russian exit poll data during upcoming presidential elections. #NEWS

Over the past few months, we have seen quite a few interesting ICO projects which are unlike what anyone would expect. These so-called transparent Ponzi ICOs have made quite an impact on the market, although it seems quite a few people are still investing in them as of right now. MIGS is another one of those “honest” ICOs which tries to get a point across.

The MIGS ICO in a Nutshell

The MIGS ICO is essentially a project designed to show how easy it is to create a Ponzi-style ICO on top of Ethereum. We have seen quite a few such projects in the past few months, with some of them even successfully raising thousands of dollars. Whether or not MIGS will fall into the same category when everything is said and done remains to be seen.

What this ICO brings to the table is a clear example of how most people are getting tired of this business model as we know it. Most companies create a half-decent website, put together a whitepaper – potentially written by someone on Fiverr – and hope to raise millions of dollars. Not every business requires a blockchain infrastructure, yet a lot of people remain convinced that is the best course of action regardless.

Additionally, the MIGS team states that the smart contract for this ICO is definitely not audited. This highlights another big concern in the world of cryptocurrency ICOs these days. A lot of these projects have unaudited smart contracts holding customer funds. If an issue occurs – as it has in the past for several companies – it will only lead to financial problems in one way or another. MIGS’ creator acknowledges he learned Solidity in a weekend and put together a smart contract mainly based on copied details from another project.

Additionally, MIGS guarantees the token value of all ICO tokens purchased. Since the value of this token is already zero, it cannot decline any further in the future. In fact, it can only increase, assuming people are foolish enough to attribute any value to such a token in the first place. Rest assured it won’t take long until we see a MIGS-ETH trading pair on the EtherDelta platform.

So far, the MIGS ICO has raised a total of 0 Ether, although it had only been ongoing for a few hours at the time of writing. It is possible this may become the first honest Ethereum-based ICO to raise absolutely zero money, although that seems rather unlikely at this stage.

Similar to some of the other Ponzi-style ICOs we have seen in the past, more people buying tokens will be great news for early investors. That’s because early investors will receive tokens based on the total number sold in the long run. Such an approach will certainly attract a lot of attention in the long run, although it remains to be seen whether or not MIGS will raise any money. Since the token has no value whatsoever, or any use cases to speak of, people should – by default – not invest in it.

The Digital Chamber of Commerce’s D.C. Blockchain Summit will also host notable speakers from the public and private sectors.

A Slovenian-based company, which is set to launch its crowd sale on April 17th with a hard cap of $24 million, is developing a cognitive commerce platform called Eligma. Eligma will become your personal commerce agent, connecting existing e-commerces and second-hand marketplaces. By harnessing AI and blockchain technology, Eligma will change the way users discover, purchase, track and resell items online.

Eligma was born as a response to problems identified in traditional retail and especially e-commerce, which has exploded in the recent decade. The project is entering a market, in which sales reached 2.3 trillion U.S. dollars in 2017. Its promise is simple – to simplify online shopping and management of your personal inventory. It is on a mission to save you time.

Eligma’s goal is to offer a comprehensive set of solutions, consisting of discovery, inventory and loyalty pillars. Using artificial intelligence, Eligma’s engine algorithm will process millions of data points from numerous online stores to compare product specifications and characteristics in order to find the product with the exact specifications users are looking for.

Discovery

Users will simply enter the product they wish to find into the search field and Eligma’s AI will search through all the joined online stores to find the best offer, taking into account preferences set, user behaviour data, location, etc. It will also compare the price vs. quality ratio and search for alternative products that might be a better fit for them, so they might be able to buy a similar TV for a lower price or a better TV for the same price. Eligma will introduce a unified shopping account, meaning everyone using Eligma will be able to buy anything in any store, registered with the Eligma platform, with one account. By utilizing Eligma’s cryptocurrency payment gateway, they will also be able to decide and pay with cryptocurrencies, even if the store will not be supporting them yet.

Inventory

After every purchase, Eligma will introduce blockchain-tracked digital item profiles or DIPs. They will contain several records and references to digital documents, such as proof of purchase, original item profile and description, repairs, warranties, resells and other trackable events. These records will be stored in a time sequence and include timestamps and hash of the previous record, forming a small blockchain ledger inside each DIP. They will be signed with the creator’s private key for verifying purposes. DIPs will be added to user’s inventory, meaning they will soon have a list of all the items they’ve bought. Users will also be able to add items bought outside Eligma and even those bought in offline stores. Our AI module will then be able to predict the current item value and even track it through time. In this way, it will be able to tell their users when the best time to sell their items is. They will be able to do that with a click of a button, as their item offer will be listed on all the chosen second-hand stores simultaneously. To make sure to avoid shady buyers, Eligma will allow the users to use additional safety options, for example, its escrow service, where the buyer’s payment will be held by Eligma until they verify the item and its condition, or decentralized sales on a blockchain, utilizing smart contracts.

Loyalty

As users now browse through different online stores, they can notice a lot of discounted offers. There is a catch though. Most of them require accumulated loyalty points, which of course most occasional users do not have.

Eligma will introduce a unified loyalty program that will use its ELI crypto tokens instead of points or loyalty cards. Consumers will be able to earn ELI tokens or buy them on online exchanges and redeem them at any merchant that is taking part in our program or spend them for some of the advanced platform features. Merchants will be able to reward consumers by offering cashback rewards, rewards for purchases of certain items in the past or by rewarding every purchase of an item through a certain time period. The best thing is that Eligma’s loyalty program will only be limited by the merchants’ imagination. In time, they will be able to introduce new and innovative ways of rewarding their customers.

Consumers will also be rewarded by the platform itself. They will receive ELI tokens for registering with Eligma, making purchases through the platform, entering more detailed profile information, manually adding items to their inventories, uploading receipts and referring new users and online stores.

Eligma will enable creating wishlists and performing social media actions. This will help their community to grow and Eligma will reward consumers if those wishlists and social media actions lead to direct sales.

So, there it is … The user will make a purchase of exactly what they need, gain extra money from the old one by reselling it and receive ELI tokens to spend at their next purchase anywhere … that is how Eligma will turn every household into a business.

Anyone who wishes to support the project can already apply for the project’s whitelist and join the public presale, which starts on March 20^th. More information about how to contribute can be found on www.eligma.io.

The post Eligma – the Future of Online Shopping appeared first on NewsBTC.

The Bittrex exchange is heading in a rather interesting direction. While the company is looking to make a positive impact, its updated terms of service will undoubtedly raise a lot of questions. More specifically, prohibiting customers in sanction-ridden countries from using this platform sets a dangerous precedent.

Bittrex Makes Another Interesting Change

In the past year or so, things have evolved in an interesting direction for the Bittrex exchange. More specifically, the company made it clear that users who had not verified their accounts would have lower withdrawal limits. Although that change was communicated well in advance, the company still faced a lot of criticism because of the decision. It is evident this change in policy was a positive one, although a lot of users did not see it that way.

The site’s most recently updated terms of service introduce another change which people will either agree with or detest. More specifically, the Bittrex exchange is now restricting access to its trading platform. Anyone living in countries embargoed by the United States is no longer welcome to make use of the service moving forward. It is evident this was a politically-influenced decision first and foremost, and the company wants to adhere to all regulations to the best of its ability.  

Although users from dozens of countries could now theoretically be ineligible to make use of the Bittrex exchange, that is not true as of right now. Instead, the platform is excluding residents of just five nations. They are the countries one would expect: Crimea, Syria, Cuba, North Korea – for obvious reasons – and Iran. This change is not entirely unexpected at this time, as it seems countries such as North Korea have been showing increasing interest in cryptocurrencies.

Surprisingly, this change in policy does not bar Russian traders from using the Bittrex platform – for now, anyway. There was some initial concern that Russian traders might be banned, as the country has been sanctioned on multiple occasions by the US government over the years.

It is evident this decision was not random either. Bittrex has allegedly been closing down accounts of users in sanctioned countries since late 2017. Whether or not there is any truth to those rumors remains to be determined at this stage. It is certainly possible the US government wants to make things a lot harder for worrisome nations in terms of finance, which includes the use of crypto. It is also possible that other exchanges will follow Bittrex’s example moving forward.

All of this further confirms the need for decentralized cryptocurrency exchanges sooner rather than later. A decentralized exchange would never bar any user from using the platform, as there is no central authority overseeing things or handling user accounts. For now, we will have to deal with centralized trading platforms, which will only lead to more issues like this one.

North Carolina deems passive mining pool “shares” are unregistered securities.

A hitherto unknown coin, Ravencoin, has piqued the interest of Bitcoin-backing, early adopting Overstock.com. Are they onto another winner? #ANALYSIS