Day: March 12, 2018

The sharp fall of Bitcoin a month before the global stock market decline in February got traders’ attention. Is Bitcoin a barometer for the Stock Market?

The Correlation Between Bitcoin and Stocks

A number of investors have observed tandem moves between the cryptocurrency market and stocks, with the latter following the market sentiment of bitcoin and ‘associates’.

Doug Ramsey, Chief Investment Officer at Leuthold Group, a Minneapolis-based money manager, commented: “We’ve begun to watch bitcoin more closely as a sign of speculative enthusiasm. The top in bitcoin in December and stocks in January marked a peak in investor optimism.”

“We do view bitcoin as a sentiment indicator”, said Tom Forester, Chief Investment Officer at Forester Capital Management.

The catastrophic Crypto market dive in January was then followed by the first 10% decline in the S&P 500 in two years. If bitcoin is truly barometer, one would expect to see tandem moves again. A future pullback in stocks could be predicted once bitcoin falls first, and harder as usual.

While potentially correlated in market fluctuation, equities fell on fears of global protectionism led by US President Trump’s decision to slap tariffs on steel and aluminum. Bitcoin, on the other hand, dropped on the rising scrutiny from regulators and on the Mt Gox’s liquidation.

Investor sentiment, however, is what makes Bitcoin a potential barometer for the stock market. According to DataTrek Research, the correlation between the cryptocurrency and the S&P 500, during the stock market sell-off, jumped to its records-highs going back to the beginning of 2016. The research house found other shorter-term correlations as well.

This may be due to bitcoin’s nature as a highly volatile asset, which is the first to suffer from risk aversion whenever investor sentiment darkens. It’s part of being viewed as a risk asset by most market participants. Throughout history before bitcoin, other speculative investments would fall first in a market dive.

Analysts at the New York-based bank Morgan Stanley observed that the S&P 500’s forward price-to-earnings ratio topped out on the same day that the bitcoin price peaked. This “peak excitement” in the market was prompted by the US Congress passing a sweeping tax code overhaul in December 2017.

The idea of bitcoin as a barometer is not consensual and finds skepticism among a few experts: “I think that’s absurd. Ultimately, stock returns are grounded in the economy, corporate earnings, interest rates and inflation”, said Jason Ware, Chief Investment Officer at Albion Financial Group.

Nicholas Colas, co-founder of DataTrek, says the link is mostly found when the assets are falling. The Wall Street Journal’s Market Data Group found that the high correlation is only temporary, with markets trading in the same direction just over half of weekday trading sessions since the end of October.

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Problem Statement No.1 – Nowadays, online video platforms have become an important tool for education and entertainment. You name it — YouTube, Twitch, D-Tube, etc., all of them provide some sort of video online services and some of them are equipped with the function of online live video streaming that allows the audiences to experience the programs in real time.

However, with large competition, bringing in traffic to your channel is a huge problem. For example, let’s say you want to set up a fitness video channel on YouTube, in which you will publish some videos related to exercise and diet advice three times a week. Shortly you will find out that it is difficult to bring in traffic if you have only a handful of active followers. In order to promote your channel, you would have to use various other internet services including social media, search engine optimization services, affiliate programs, and a good financial strategy. On classical video platform, greater traffic is always the only mean to provide meaningful income.

Problem Statement No.2 – Back in the day, if you were having problems, had some sort of dilemma or facing some difficulties in decision making, you went straight ahead to appropriate active forum and create a subject on the matter you wanted to discuss with other members. Some of the suggested solutions were helpful, some of them simply not working and some were just plain rude comments not related to the topic you wanted to discuss.

The idea to solve such problem is, to create an environment and tools that can be used to acquire specific service based on an individual need. For example, if someone wants to get a diet advice, instead of watching countless numbers of useless videos, one can refer to a specialist or an expert in that field that can cater to his specific needs. That’s where a face to face video chat session shines. However, there is no website which would compile all of the potential services that we need into a single complementary environment. One that would ensure choice based on specific needs and create competitive space for service providers.

Based on both of the problem statements mentioned, there are two major obstacles that are faced by either the consumer or a video content creator. Traffic and an appropriate platform to cater all needed services. Both those obstacles can be overcome by using the new blockchain based service called On.Live. For both the consumer and the content creator, On.Live provides two major services which are live broadcasting and live consultation. These services contained within one easy to use webpage will utilize a customized token system known as ONL which provides a means to balance broadcaster-client fee transfer allowing absolute anonymity of every such operation.

Live consultation services

Let say you are a PC expert and you want to provide an advice or an opinion on a PC related matters. You can sign up to On.Live and create a specific channel using few tags describing your service, and quickly become an easily accessible consultant in virtual space. Then you can set your own fees for your service or decide them each time with your specific client. This functionality is supported by a smart contract which ensures transfer of funds only when both sides are satisfied with service.

For example:

• Your service fee is 5 ONL for 30-minute live consultation.
• A potential customer contacts you through a messaging system, asking for a 15-minute live consultation.
• As this plan doesn’t exist in your original package, both of you agree to the consultation fee of 3 ONL.
• You set up a customized plan for your customer and then the video session begins.

The concept is simple but valuable. If the video consultation was helpful or customers were able to solve whatever problem that they were facing, the payment which was held with smart contract is finally transferred to the service provider. If the client is somehow unsatisfied with advice, his payment will be refunded. This principle of platform operation will greatly simplify the process of meeting a lawyer, personal trainer, doctor or even an accountant for business purposes.

On.Live user can always set up a free consultation service, some sort of discount, free trial or anything that you would deem necessary to attract new customers. It will be completely up to his choice. The platform also has an appointment system built in that can be applied to the services that user want to provide. For example, you’ve decided to work for 3 hours online 6 days a week, you can use the online calendar on the website, set up the appropriate timing for your service and publish it. This will allow a potential customer to make an appointment earlier.

Live Broadcasting Services

You are probably familiar with Twitch, which is one of the most popular broadcasting sites. All you can do on Twitch, you can also perform with On.Live. The difference is high customizability of the latter.

In On.Live you can either:

• Provide a free broadcasting services
• Provide a paid broadcasting services
• Provide a partial-free broadcasting services

The broadcast fee is decided by you. You can put your transmission as free, 1 ONL per broadcast service, or for example free for the first 5 minutes. Your potential viewers? It could be limitless. Anyone who types in some keywords which are used to describe your service would have quick access to your channel. For mass events broadcasts, just imagine, a live boxing match that otherwise would cost you a lot of money as a PPV subscription either online or on cable TV, in On.Live platform, just by share effect of scale, could be as low as 1 ONL. This would revolutionize the online streaming and allow all of the members of platform community to be the potential audience. Just imagine how much would a streamer earn on On.Live if their own 5 ONL broadcast service is subscribed by 1000 people. That would be a huge potential income based on the market value.

There are several kinds of broadcasts that will clearly benefit from distribution through On.Live platform:

• Any racing events
• Any sport events
• Lectures
• Conferences
• Seminars
• Online classes

These exemplary options would provide a variety of choices for a consumer. On.Live is currently under intense development. You can see current implementation in action in the promotional video.

On.Live is a community project and is already present on various world markets including Brazil, China, Japan, UK, Russia, Spain, South Korea and the United States.

If you like to learn more about the service, you can follow one of the links below:

• Live Website
• Live Whitepaper
• Live Facebook
• Live Twitter

The post On.Live; The Next Generation of Online Broadcasting Services appeared first on NewsBTC.

‘Don’t hodl,’ fake Carlos Matos tells US TV audience on Bitcoin episode of John Oliver’s Last Week Tonight. #NEWS

Market sentiment plays a huge part in the crypto industry. Prices can pump or slump on the whim of a shill, or a flurry of mainstream media FUD. This is especially relevant for altcoins, many of which did exactly that leading up to the big spending spree of late December. In order to help investors find an edge in the high octane world of crypto trading Thompson Reuters announced today that it will track and analyze chatter about Bitcoin on hundreds of news and social media websites.

Psyching the Markets

According to a report today the company will be using data from behavioral economics research firm MarketPsych Data LLC. This will be employed to create a new version of its MarketPsych indices to paint a clearer picture of market sentiment.

The company will scan over 400 websites relating to cryptocurrencies to capture market-moving moods and themes according to Reuters. The method has proved successful with traders for traditional asset classes such as forex or commodities. A burgeoning online industry covering crypto news has emerged over the past year as interest in Bitcoin and altcoins has skyrocketed along with their prices.

Much of it is on social media such as Twitter and Reddit and a number of analysts have linked this activity, along with the number of Google searches for Bitcoin or an altcoin, with its price action. According to Austin Burkett, Global Head of Quant and Feeds, at Thomson Reuters;

“News and social media are driving the investment and risk management process more than ever with the continuing rise of passive and quant-driven trading,”

Bank and hedge fund traders currently use tools such as Thompson Reuters’ Eikon platform which tracks the prices of a number of cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. Captivating the mood swings of volatile crypto markets will be another essential service and tool the company can offer to its clients.

Bitcoin has recovered slightly from the weekend’s low of $8,500 to trade up 12% at just under $10,000 at the time of writing. It is also up the same percentage from this time last month and is looking at solid gains over the coming months.

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Meet Sydney Ifergan– CryptoCurrency & ICO Expertand Digital Marketing Advisor to ZeroEdge Bet

 Successful marketing is a crucial component of the ZeroEdge betting concept, as we want to reach as many would be online gamblers, sports betting enthusiasts and general all-round gamblers as possible. Not only is the marketing and distribution of core information vital, being able to work with experts in a variety of fields which the Zero Edge concept relies on is just as crucial. This is why we love having experts and dynamic personalities like Sydney on board for our exciting journey.

Sydney has over a decade’s worth of frontline experience in search engine optimization (SEO), as well as digital online marketing and web analytics under his belt. Sydney thrives within a team environment and loves stepping up to the plate when the going gets tough. We truly believe that Sydney has a lot to offer to ZeroEdge, not just in marketing our unique concept to the world, but also adding his considerable weight and expertise in our core areas of cryptocurrency and ICO.

ZeroEdge.Bet – Revolutionary online gambling platform with 0% house edge games

ZeroEdge is a unique concept set to revolutionize the way you gamble online. Currently, all online casino games come with a house edge, i.e. the advantage that the casino has over you, which varies between 1% to 10% or more, depending on the game. ZeroEdge’s solution – offer games with 0% house edge and give players a completely fair chance of winning. In other words, playing at ZeroEdge.Bet is literally free, you don’t have to pay anything to the casino like it’s with traditional online casino sites.

The most amazing part is that Zerocoin value increases as more people join the world first 0% edge gambling platform. It is all achieved by creating a closed-loop economy in which high demand for 0% games drives Zerocoin’s value up. This model is also known as Metcalfe’s law which was originally invented in 1993 and can be seen in the actual Bitcoin’s price growth. Zero Edge offers a unique gambling model which potentially could revolutionize the $70 Billion gambling industry. Players won’t be losing money but instead earning from the increasing Zerocoin value.

We have made a survey & asked hundreds of people about their gambling preferences &experiencies.  The main finding was that 99 % of them stated that they would choose 0% house edge games to play if such games were available. High demand for the world’s first 0% house edge games will increase the Zerocoin value exponentially. An important task for us will be to educate the players and raise their attention to this beneficial concept.

Zerocoins (ZERO) will be available to investors during an upcoming ICO. Visit https://tokensale.zeroedge.bet to find out more.

The post Sydney Ifergan–Crypto & ICO Expert Advisor joins Zerocoin – CryptoCurrency for Gambling appeared first on NewsBTC.

Dates and venue: May 12 & May 13, 2018, at the JW Marriott, Aerocity, New Delhi

 Vision Behind the Summit

Considering the huge financial disasters and scams plaguing our structured and so-called trusted financial systems we need to find an alternative route that is backed by technology and not affected by human greed and corruption.

Such a revolutionary technology will not only make the system in developing countries corruption free but also highly efficient.

With Satoshi Summit, we plan to remove the information asymmetry in the blockchain space so that multiple parties and organizations are encouraged to explore and leverage blockchain use cases in their specific domains.

 Why attend WSS 2018?

In the past, humanity has been reshaped by several industrial revolutions that forever changed the way humans lived and worked. After the inception of the internet about 30 years ago, it is now that we are witnessing the emergence of a groundbreaking technology which is brewing up another revolution – The Blockchain

You should attend the World Satoshi Summit 2018 if you want to be a part of the history in the emergent technological revolution.

Here’s what you can look forward to at the global conference of 3500+ attendees:

• Network with global stakeholders of the Blockchain and crypto community; meet potential clientele
• Cross paths with CEOs of leading global corporates, startups and PSUs
• Pitch to VCs, Angels, HNIs, IBs through the Nova-Stride initiative; showcase your startup to the relevant audience
• Master crypto-trading skills by learning the tricks-of-the-trade at workshops by global traders
• Know how to integrate Blockchain for efficiency gains in your business and industry
• Learn the potential impact of Blockchain in government and public sector services
• Live airdrop of ICOs; opportunity to invest in startups with brilliant ideas
• Write your very first Smart Contract through live sessions from experienced Blockchain Developers
• Hear about women’s role in tech and contribute to the Women Economic Empowerment initiative

 Key Organisers?

The World Satoshi Summit 2018 is conceptualized by, Harmeet Singh Monga and  Rajesh Dhuddu. Pioneers in the industry, both play an active role in the South-Asian Blockchain and crypto community. Earlier, they partnered for the founding of the Indian subcontinent’s foremost Blockchain Special Interest Group under NASSCOM.

Harmeet is also the CBO at BlockSmiths, which enables businesses and governments with Blockchain Applications for businesses and PSUs. Rajesh is a TEDx Speaker and the SVP at Quatrro : a multinational company helping its clients adapt to latest technologies.

Who are the Keynote Speakers?

At the 2018 WSS, we are bringing together some of the most well-known Blockchain Influencers on the planet to give inspirational Keynotes on the role of the radical technology in rewiring the world economy in the capital of world’s largest democracy, New Delhi.

The list of expected Keynote Speakers include:

• • Roger Ver: CEO at Bitcoin.com, the Bitcoin Billionaire, Roger Ver started investing in the cryptocurrency at an early stage. He has invested in noteworthy startups like Blockchain.info, BitPay.com.
  • Devie Mohan: World’s top 10 Global FinTech influencers, Devie Mohan is the Founder of Turya, and Co-founder and CEO at Burnmark. The Indian-origin entrepreneur is a role model for women in the male-dominated finance industry.
  • Richard Kastelein: Richard Kastelein is an award-winning entrepreneur who founded the acclaimed industry news publication, Blockchain News. He regularly writes on the emergent technology for various publications such as the Harvard Business Review and Guardian.
  • Ted Lin: An alumnus of Cornell University, Ted is the Head of International Markets at Binance and has been instrumental in growth of the platform which is now the world’s biggest exchange by market volume. Ted is stated to be an expert in Product Management and Marketing by several experts around the world.
  • Leanne Kemp: Having spent more than 20 years in the technology industry, Leanne is a veteran and is currently the Founder and CEO of a popular startup, EverLedger, which leverages the Blockchain technology to assist in the reduction of risk and fraud for banks, insurers and open marketplaces. An alumnus of prestigious Harvard University, she is a regular speaker at events around the world on topics ranging from Blockchain to world trade.
  • Kumar Gaurav: The Founder and CEO at Cashaa, Kumar Gaurav is a serial entrepreneur who is counted among the top 100 most influential people on the globe. Interestingly, his venture Cashaa raised USD 18 million through its ICO in 2017.
  • Sally Eaves: Official Member of the Forbes Technology Council, Sally Eaves is a well-known thought leader who speaks on emergent technologies, social innovation, digital transformation, and more. One of the top Blockchain Influencers in the world, Sally, who strongly endorses women in Blockchain initiative, is also giving her support to WSS’s Women Economic Empowerment initiative.
  • Ross Smith: The Director of Engineering at Microsoft, Ross Smith, has over two decades of experience in software development. Ross, whose focus area is management innovation, is a regular speaker at worldwide technology events.
  • Derin Cag: Derin, the founder of media brand Richtopia and co-founder of Blockchain Age is an entrepreneur who believes in the role of emergent technologies. He is an influential speaker on areas such as Blockchain and cryptocurrencies, Fourth Industrial Revolution, IoT, etc.

Be a part of the Blockchain revolution, book your spot today at the biggest Blockchain conference in South Asia.

The post The Largest Gathering of Blockchain Enthusiasts, Believers & Evangelists Is Happening in New Delhi at the World Satoshi Summit 2018! appeared first on NewsBTC.

Thomson Reuters has launched a bitcoin analysis product that uses AI to analyze how industry insiders feel about the cryptocurrency.

Bitcoin’s corrective rally from Friday’s low of $8,371 seems to have legs, but gains above $10,000 may be transient.

A lot of exciting things are happening in the world of cryptocurrency as of right now. After a very troublesome weekend, things are slowly heading in the right direction again. A lot of markets are noting double-digit percentile gains as we speak. If the Bitcoin Cash price is any indication, things will get pretty interesting this week.

Solid Bitcoin Cash Price Gains

It has become evident all cryptocurrencies remain linked to Bitcoin’s market momentum for the time being. While this correlation between Bitcoin and altcoins has been present for quite some time now, there was a time during which a few alternate currencies seemed to decouple from Bitcoin. So far, that hasn’t materialized in any major trends just yet, though, but we can only hope things improve. Until then, the Bitcoin Cash price will continue to follow a pattern quite similar to Bitcoin’s.

To put this into perspective, the Bitcoin Cash price has risen by 12.07% over the past 24 hours. That is quite a positive development in this regard, although it remains to be seen how long this current trend can be maintained as of right now. It is also interesting to note how the Bitcoin price has increased by an almost identical percentage over the past 24 hours.

It is also worth noting the Bitcoin Cash price has lost some momentum compared to Bitcoin. More specifically, the BCH/BTC ratio decreased by as much as 0.47%. This has not impacted the Bitcoin Cash price in any negative way so far, but it is still something to take into account at all times. Most people are interested in seeing whether or not the Bitcoin Cash price can effectively hit $1.250 later today. For now, that seems rather difficult, although things can turn around pretty quickly in the world of cryptocurrency.

With $537.51m in 24-hour trading volume, things are not looking all that impressive for Bitcoin Cash. It is more than sufficient trading volume to keep the current Bitcoin Cash price trend going, although it is unclear if this volume will increase over the next few hours and days. One would expect BCH to net at least $1bn in 24-hour volume at all times. For now, we have to work with what we’ve got in this regard.

As of right now, OKEx is still the world’s biggest exchange when it comes to BCH trading volume.Their BTC and USDT trading pairs are well ahead of HitBTC’s BTC market. There is no fiat currency market in the top three right now, but Bitfinex’s USD market is in fourth place with nearly $40m. It will be interesting to see how things evolve in this regard, as there is still a lot of positive momentum in this market as we speak.

For the time being, we will have to wait and see how the Bitcoin Cash price will evolve. As of right now, the price of $1,132 value seems to be more than warranted, although it is possible things will improve in the hours to come. Whether or not that means we will see the Bitcoin Cash price rise to $1,200 or potentially more later today, remains to be determined. Anything is possible in the world of cryptocurrency these days.