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Asian Cryptocurrency Trading Roundup: Zilliqa surges on OKEx Listing

FOMO Moments Following a day of what appeared to be signs of a recovery, crypto markets have fallen once again. The selloff has continued and total market capitalization is below $420 billion and falling, a sea of red is currently dominating all cryptocurrencies. Bitcoin never made it back and has lost 3% on the day

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FOMO Moments

Following a day of what appeared to be signs of a recovery, crypto markets have fallen once again. The selloff has continued and total market capitalization is below $420 billion and falling, a sea of red is currently dominating all cryptocurrencies. Bitcoin never made it back and has lost 3% on the day trading at just over $9,000 at the moment. All altcoins are bleeding at the moment and only two have actually made gains in the past 24 hours. One that has made its way into the top 25 and is leading the charge during Asian trading is Zilliqa.

Coinmarketcap is currently reporting a gain of 13% on the day for ZIL. All other altcoins are falling but this relatively unknown crypto has made its way into the top 25, surpassing Bitcoin Gold and Verge. Currently trading at $0.16 Zilliqa is up from $0.14 this time yesterday, over the week gains have been a solid 60% from $0.10 this time last Wednesday. The monthly picture for ZIL is an impressive 280% gain from $0.042 this time last month. Against Bitcoin ZIL is up 17.5% to 1800 satoshis from 1515 sats this time yesterday. Over the week it has risen 58% from 1147 satoshis this time last week.

Singapore founded Zilliqa has been touted as the world’s first high-throughput public blockchain platform, using sharding to scale to thousands of transactions per second. The blurb on its website calls the platform ‘a new smart contract paradigm designed with high parallelism, atomic commits and user-defined security budget’. This altcoin began to climb after releasing its prototype testnet in March. The current spurt is due to OKEx listing ZIL;

Binance currently holds the majority of Zilliqa trade with over 60% of the total volume; Huobi is second with 20%. Trade volume in ZIL has jumped from $53 million to $131 million in the past 24 hours. This has boosted its market cap to $1.2 billion and propelled the coin into the top 25.

Total crypto market capitalization has declined slightly over the past 24 hours by 5% to $419 billion. A strong downtrend will be formed if it breaks below $400 billion again. There are no other altcoins posting gains during this morning’s Asian trading session aside from Iota which is up marginally at 2%.

More on Zilliqa can be found here: https://www.zilliqa.com/

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.

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Ripple Price Technical Analysis – XRP/USD Accelerating Declines

Key Highlights Ripple price declined further and broke the $0.7800 support level against the US dollar. Yesterday’s highlighted important bearish trend line is still intact with resistance near $0.7950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to accelerate declines and it could soon test the next

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Key Highlights

  • Ripple price declined further and broke the $0.7800 support level against the US dollar.
  • Yesterday’s highlighted important bearish trend line is still intact with resistance near $0.7950 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is likely to accelerate declines and it could soon test the next support at $0.7480 in the near term.

Ripple price is under pressure against the US Dollar and Bitcoin. XRP/USD may continue to move down towards the next key support at $0.7480.

Ripple Price Resistance

There was an increase in selling pressure from the $0.8500 swing high in Ripple price against the US Dollar. The price initially held the $0.8000 support area and attempted a recovery. However, it could not move above the $0.8500 resistance level, which resulted in a rejection. There was a sharp downside reaction and the price broke the 76.4% Fib retracement level of the last major wave from the $0.7800 swing low to $0.9240 high.

It has opened the doors for more declines below $0.8000. At the moment, the price is trading below the $0.7800 support, which is a bearish sign. If sellers remain in action, the price may decline further towards $0.7500. The next major support is the 1.236 Fib extension of the last major wave from the $0.7800 swing low to $0.9240 high. On the upside, yesterday’s highlighted important bearish trend line is still intact with resistance near $0.7950 on the hourly chart of the XRP/USD pair.

Ripple Price Technical Analysis XRP USD

Looking at the chart, the pair is under a lot of pressure below $0.8000. If XRP has to recover, buyers need to clear the trend line, $0.8000 resistance, and the $0.8100 pivot level. Above $0.8100, the price may test the 100 hourly simple moving average.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is placed heavily in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is reaching the oversold levels.

Major Support Level – $0.7480

Major Resistance Level – $0.8000

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Winklevoss Brothers Win Crypto Exchange Patent

Winklevoss IP, the company owned by Cameron and Tyler Winklevoss, has been awarded with a patent that aims to settle ETPs holding cryptos.

Winklevoss IP, the company owned by Cameron and Tyler Winklevoss, has been awarded with a patent that aims to settle ETPs holding cryptos.

IOTA Price Analysis – A Tangled Skein

IOTA is designed to usher in machine-to-machine payments and data transfer in the Internet-of-Things economy. The new protocol promises to fix the scalability issues that ail blockchain technology with fast, zero-fee, quantum-immune, and secure transac…

IOTA is designed to usher in machine-to-machine payments and data transfer in the Internet-of-Things economy. The new protocol promises to fix the scalability issues that ail blockchain technology with fast, zero-fee, quantum-immune, and secure transactions.IOTA was founded in 2015, by entrepreneurs David Sønstebø and Dominik Schiener, and mathematicians Sergey Ivancheglo and Serguei Popov. Ivancheglo is also the creator of NXT, a Proof of Stake coin. In 2017, IOTA opened a German-based non-profit foundation focused on research, development, education, and standardization of the economy of things. The foundation recently added Dr. Rolf Werner, a Fujitsu business executive, while IOTA recently added Porsche to its growing list of partnerships and corporate interests.

Bitcoin Cash Price Technical Analysis – BCH/USD Likely to Extend Declines

Key Points Bitcoin cash price failed to move above the $1,700 resistance and declined against the US Dollar. Yesterday’s highlighted connecting bearish trend line with current resistance at $1,630 prevented gains on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to move down and it could even break

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Key Points

  • Bitcoin cash price failed to move above the $1,700 resistance and declined against the US Dollar.
  • Yesterday’s highlighted connecting bearish trend line with current resistance at $1,630 prevented gains on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair may continue to move down and it could even break the $1,550 support in the near term.

Bitcoin cash price is moving down once again against the US Dollar. BCH/USD could extend its decline towards the $1,485 level if sellers remain in control.

Bitcoin Cash Price Upside Hurdle

Yesterday, we discussed an upside correction above $1,650 in bitcoin cash price against the US Dollar. The price did move higher, but it failed to gain momentum above the $1,700 resistance. Sellers defended gains above the stated $1,700 and pushed the price back below the 100 hourly simple moving average. There was also a failure to break the 50% Fib retracement level of the last drop from the $1,835 high to $1,565 low.

More importantly, yesterday’s highlighted connecting bearish trend line with current resistance at $1,630 prevented gains on the hourly chart of the BCH/USD pair. The pair is currently under pressure and it broke the $1,600 support level. Additionally, it is about to break the $1,565 low, which could open the doors for more losses. The next stop for sellers could be the 1.618 Fib extension of the last wave from the $1,568 low to $1,701 high at $1,485. An intermediate support is at $1,536, which is the 1.236 Fib extension of the same wave.

Bitcoin Cash Price Technical Analysis BCH USD

Looking at the chart, the price is clearly under pressure below $1,600. If there is an upside correction, the $1,600 and $1,620 levels are likely to prevent gains.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is back in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is moving lower below the 40 level.

Major Support Level – $1,485

Major Resistance Level – $1,630

The post Bitcoin Cash Price Technical Analysis – BCH/USD Likely to Extend Declines appeared first on NewsBTC.

Bitcoin Lightning Payments Are Slowly Becoming Less Reckless – Coindesk


Coindesk

Bitcoin Lightning Payments Are Slowly Becoming Less Reckless
Coindesk
You’re running a full bitcoin node, know Linux and have decent command line skills. Okay? Cool, go ahead and spin up a Docker instance. If that sounds intimidating, you’re not alone. But as recently as January, using the lightning network, a layer-two


Coindesk

Bitcoin Lightning Payments Are Slowly Becoming Less Reckless
Coindesk
You're running a full bitcoin node, know Linux and have decent command line skills. Okay? Cool, go ahead and spin up a Docker instance. If that sounds intimidating, you're not alone. But as recently as January, using the lightning network, a layer-two ...

Stipend : The Freelancer’s Currency

Stipend : The Freelancer’s Currency Stipend’s goal is to introduce the concept of the blockchain to the already booming freelance market. Upwork recently published a study (2016 US Freelance Market Study) stating that this aforementioned market is worth well over $1 billion in just the US alone. We, at Stipend, want to bring our numerous technological innovations to that space by providing the convenience of instant transactions, low fees, and much-needed decentralization. https://s3-us-west-1.amazonaws.com/adquiro-content-prod/documents/FU_FreelancinginAmerica2016_Infographic_FINAL.pdf What is Stipend (what are we doing differently) Cognizant of the increasing demands for able freelancers, Stipend aims to be the ultimate solution for the decentralized sector. We

Stipend : The Freelancer’s Currency

Stipend’s goal is to introduce the concept of the blockchain to the already booming freelance market. Upwork recently published a study (2016 US Freelance Market Study) stating that this aforementioned market is worth well over $1 billion in just the US alone. We, at Stipend, want to bring our numerous technological innovations to that space by providing the convenience of instant transactions, low fees, and much-needed decentralization.

https://s3-us-west-1.amazonaws.com/adquiro-content-prod/documents/FU_FreelancinginAmerica2016_Infographic_FINAL.pdf

What is Stipend (what are we doing differently)

Cognizant of the increasing demands for able freelancers, Stipend aims to be the ultimate solution for the decentralized sector. We want to create an expansive environment that will be beneficial to both the freelancers and clients through low fees, instant payments, and a unique rewarding scheme that explicitly rewards the highest performing users. Not only this, in regards to the technological aspect of the coin, Stipend seamlessly integrates Masternodes into a twin Proof-Of-Work and Proof-Of-Stake implementation, incentivizing long-term support and improving security as a whole.

We pride ourselves in both our transparency and openness- our mantra and business model is simply: “Your Success is our Success”. The Stipend team currently consists of both the original founders as well as other talented individuals who were interested in our mission. Together, we consistently deliver Weekly Updates containing tangible results while being receptive to feedback and suggestions from the community.

We are always excited to engage with the Stipend community on any of our social platforms and answer any questions posed. We believe that a strong community is crucial to the success of what we’re trying to build. We have a vision of transforming and revolutionizing the way freelancers, startups and digital nomads engage with each other and that Stipend will pave the way for this decentralized revolution.

What have we done so far

Only two months have passed since our launch on February 10th, but we’ve made quite a bit of progress on accomplishing our goals. Not only is the alpha nearing completion, but we have also been working constantly on improving the blockchain. In this time, we’ve gotten Stipend on a reputable exchange and various listing services, started to optimize the wallet, began to register Stipend as a formal LLC in Malta, and maintained open channels of communication with the community throughout, shown through our weekly updates and 24/7 support in our Discord channel.

What’s yet to come.

When starting to design the coin, we made the decision to end Proof-Of-Work by block 210,000. This will come into effect in about a month and a half. Proof-Of-Stake and all Masternodes, on the other hand, will continue to be functional. Besides this, our Pre-Alpha tests of the Stipend platform will be starting in the weeks to come, followed by the launch of the Stipend Alpha in Q2 of 2018.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Bitcoin Price Technical Analysis for 05/09/2018 – Potential Reversal Signal?

Bitcoin Price Key Highlights Bitcoin price could be due for a drop as a double top can be seen on its 4-hour chart. Price has yet to test and break below the neckline around $9,000 to confirm this potential selloff. If so, it could fall by the same height as the formation, which spans $9,000

The post Bitcoin Price Technical Analysis for 05/09/2018 – Potential Reversal Signal? appeared first on NewsBTC.

Bitcoin Price Key Highlights

  • Bitcoin price could be due for a drop as a double top can be seen on its 4-hour chart.
  • Price has yet to test and break below the neckline around $9,000 to confirm this potential selloff.
  • If so, it could fall by the same height as the formation, which spans $9,000 to $10,000.

Bitcoin price is forming a double top on its 4-hour time frame to signal that bears are ready to jump back in.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA on the 4-hour time frame so the path of least resistance is still to the upside. This suggests that it’s possible for the uptrend to resume at this point.

However, bitcoin price is breaking below the 100 SMA dynamic support to signal a pickup in selling momentum. A break below $9,000 could send it down to $8,000 or until the 200 SMA dynamic inflection point closer to $8,500.

Stochastic is starting to move up from the oversold region but is showing hesitation and is turning back down. This suggests that sellers might still have enough energy to push for more losses. RSI also has some room to fall, so bitcoin price could follow suit.

Market Factors

By the looks of it, bitcoin price is still reeling from negative remarks by Warren Buffet and Bill Gates who cast doubts on the cryptocurrency’s ability to retain its value. To top it off, rising geopolitical tensions on Trump’s decision to exit the Iran deal are also weighing on risk sentiment and demand for bitcoin.

On a more upbeat note, NYSE parent company ICE is slated to launch a bitcoin exchange that could enable its clients to take advantage of the price changes, thereby leading to a boost in liquidity and activity. This platform reportedly aims to offer traders a swap contract that will allow clients to get their hands on Bitcoin the following day.

The post Bitcoin Price Technical Analysis for 05/09/2018 – Potential Reversal Signal? appeared first on NewsBTC.

InWeCrypto Establishing Strategic Cooperation With HyperDragons

TheMerkle XYO Network Blockchain GPSInWeCrypto announced it will establish cooperation with HyperDragons with an aim to fulfill their promises, that is, to open the world of blockchain apps for users and realize secure and convenient exchange and management of multiple assets so that users can easily use multi-asset management apps. HyperDragons is a digital collectible developed on Ethereum smart contracts. Users can buy and sell dragons with ethers. Each dragon is unique with adorable or cool appearance and unique value for collection. Also, users can train their dragons to be stronger by having them battle with others, which makes this digital collectible valuable for

TheMerkle XYO Network Blockchain GPS

InWeCrypto announced it will establish cooperation with HyperDragons with an aim to fulfill their promises, that is, to open the world of blockchain apps for users and realize secure and convenient exchange and management of multiple assets so that users can easily use multi-asset management apps.

HyperDragons is a digital collectible developed on Ethereum smart contracts. Users can buy and sell dragons with ethers. Each dragon is unique with adorable or cool appearance and unique value for collection. Also, users can train their dragons to be stronger by having them battle with others, which makes this digital collectible valuable for collection.

DST and the NFT asset Dragons of HyperDragons can be stored in InWeCrypto wallet. Sale and transaction of Dragons can also be made on InWeCrypto which is a cross-functional platform that offers asset management and transaction.

In the future, news about HyperDragons and information about its community will be updated on InWeCrypto. Through strategic cooperation with InWeCrypto which is a media site of blockchain news and a multi-asset wallet, HyperDragons will transform data collection of digital assets in blockchain games and the way digital assets are tokenized.

InWeCrypto is a multi-functional app that offers news of blockchain projects and management of tokens and NFT assets. Users can manage their digital assets on InWeCrypto which provides multi-asset wallets for tokens of projects that will be updated in the future so that users can transact digital assets on InWeCrypto.

Also, InWeCrypto is an open marketing platform that offers ERC20 red packet for users. InWeCrypto will become the place where blockchain apps flourish and activate the new market of digital wallets.

The two will cooperate in more areas, such as brand promotion, operation and marketing, and blockchain technology. With the support in digital assets access and operation & marketing from InWeCrypto and the influence of HyperDragons in the blockchain VR industry, the two will support each other to promote the blockchain gaming industry, advance technical progress, and lead the construction of blockchain ecosystem.
Follow InWeCrypto at:

Website: inwecrypto.com

Twitter: https://twitter.com/inwe_crypto

Telegram: https://t.me/inwe_crypto

Follow HyperDragons at:

Website: http://in.hyperdragons.com/

Twitter: https://twitter.com/Hyper__Dragons

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Blocnation to unlock the cryptocurrency market with launch of world’s first decentralized Initial Coin Offering on May 3

The blockchain powered payment solution was celebrating the historic event with a launch party at Cove Manila on Friday 13th April, headlined by internationally renowned EDM superstar, Zedd. Manila, May 8, 2018 The future of digital payment processing has started as Blocnation launched the world’s first decentralized Initial Coin Offering (dICO) on May 3rd. Operating on its own blockchain built with the Komodo Platform, the Blocnation token (BNTN) will be used to unlock cryptocurrency-payment capabilities across PouchNATION events and venues and provide payment solutions for those unserved by traditional finance. PouchNATION is Southeast Asia’s leading cashless payment system, organizing digital

The blockchain powered payment solution was celebrating the historic event with a launch party at Cove Manila on Friday 13th April, headlined by internationally renowned EDM superstar, Zedd.

Manila, May 8, 2018

The future of digital payment processing has started as Blocnation launched the world’s first decentralized Initial Coin Offering (dICO) on May 3rd. Operating on its own blockchain built with the Komodo Platform, the Blocnation token (BNTN) will be used to unlock cryptocurrency-payment capabilities across PouchNATION events and venues and provide payment solutions for those unserved by traditional finance.

PouchNATION is Southeast Asia’s leading cashless payment system, organizing digital payments for events up to 150,000 people. With offices across six countries in the region, PouchNATION is the exclusive roll-out partner of Blocnation, allowing rapid adoption across their extensive ecosystem of events and venues. Starting with the lifestyle industry, the Blocnation app will enable users to hold altcoins, acquire event tickets, book stay at venues, top-up online, and get post cash-back and more. The rollout of this technology across a three-phase plan will eventually put the power of crypto assets in the hands of anyone with a smartphone. Blocnation is uniquely positioned to capitalize on this exciting market:

  • Blockchain’s business value-add will grow to $176 billion by 2025;
  • Projections put the Gross Transaction Volume (GTV) in the lifestyle industry at $150 – $220 billion by 2022;
  • Southeast Asia’s internet economy is estimated at $50 billion and expected to climb 300% in 2025; and
  • Consumers in Southeast Asia spend more time on their mobile internet than any other market with an average of 3.6 hours per day.

The partnership between Blocnation and Komodo provides a number of benefits for users including complete anonymity for purchasers, robust security protocols resistant to vulnerabilities faced by other platforms and multi-coin storage in its cryptocurrency lifestyle payment app. The platform also supports atomic and etomic swaps allowing seamless trades between coins that are based on both the Bitcoin protocol and tokens based on the Ethereum protocol.

Real world application

Unlike many other digital currencies that still only have theoretical future applications, the Blocnation Token (BNTN) will fuel PouchNATION’s cashless payment systems.

PouchNATION’s network of events, venues, and festivals across Southeast Asia will use BNTN as the standard digital currency. Through the use of NFC technology and a closed loop payment solution, users will benefit from secure, instantaneous transactions whilst organizers and venues save on transaction fees.

“We are excited to be working with Komodo as their first Premier Partner on the world’s first ever dICO”, said Blocnation CEO Graeme Perkins. “Together we are ushering in a new era of secure and borderless cryptocurrency payment options where Blocnation can leverage the technological innovation provided by the Komodo Platform and the market position of PouchNATION for rapid adoption across Southeast Asia and beyond.”

Both the Blocnation and Komodo teams are committed to creating a new standard in digital payments and this is the first of many steps toward towards total financial inclusion. For the millions attending and organizing events and those unserved by traditional finance systems, the future is looking bright.

Blocnation’s dICO has begun CET +7 on May 3rd, 2018, and the BNTN Token will be available for purchase via the blocnation.io website. For further information and greater detail, the white paper can be downloaded here.

The launch party featuring EDM global superstar Zedd was held on Friday 13th April at Cove Manila in the Philippines. Tickets can start at 1500 pesos and can be purchased here.

###

For further information, please or email us at [email protected] Join our Telegram channel: https://t.me/blocnation_official

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Changing the Face of the Internet, Online.io to Provide A User Experience Free of Ads, Viruses and Privacy Intrusion

Decentralized platform Online.io will restructure how the internet will be used by people. Offering users protection from intrusive ads, malicious codes/apps and privacy violations. May 8th, 2018: Today, the model of most websites is to offer free services to its users. The word “free” is arbitrary, since these platforms earn profits from running ads and collecting user’s datum to be sold off to data researchers and other organizations. Other more malicious parties on the internet write compromising codes and applications, which users download and their systems are infected, essentially being used or controlled for nefarious purposes. Anyone who has used

Decentralized platform Online.io will restructure how the internet will be used by people. Offering users protection from intrusive ads, malicious codes/apps and privacy violations.

May 8th, 2018: Today, the model of most websites is to offer free services to its users. The word “free” is arbitrary, since these platforms earn profits from running ads and collecting user’s datum to be sold off to data researchers and other organizations. Other more malicious parties on the internet write compromising codes and applications, which users download and their systems are infected, essentially being used or controlled for nefarious purposes.

Anyone who has used the internet has experienced intrusive ads. These can range from small pop ups on the side of the screen to huge ones interrupting the whole vision. Flashing banners are also another form of ads that distract users. Illegal softwares and codes embedded in websites are a prime way for people with intentions of stealing data or hijacking computers to achieve their purposes. Different websites, ISPs and governmental organizations keep track of activities of users by accessing their private data, keeping tabs on websites frequented- even what searches are made on search engines.

Safe Experience Offered By Online.io

All of these are fundamental violation of user privacy. Online.io is a blockchain platform that intends to give internet users their rights back. By offering services that put the users and their protection as the highest priority, Online.io is going to change the internet experience forever.

The three pronged attack to the internet’s most basic intrusion offers:

  • Bypassing of ads, allowing an enhanced user experience and a comfortable online presence. User will also experience an increased internet speed since the bandwidth clogged by heavy ads will be free.
  • Anonymous sessions with zero tracking of what users do online will offer a privacy protection that no other service does today. Users will be stress free knowing they are not being watched.
  • Safer downloading of files through ensuring that there are no viruses or malware when users download applications or files.

The platform will further have a user based voting system that will allow users to give ratings to websites visited through the platform. A higher rating will automatically drive more traffic towards it, giving website developers and organizations an incentive to keep their systems free from codes that are not in line with the Online.io policy. The platform offers a browser extension to users that will not only connect them to the platform, but also offer a built in wallet, ad-blocker, and antivirus.

Powering the Change, OIO Token

The platform has an Ethereum-based OIO token that is used to pay for services within the Online.io economy. These tokens will be available to users and investors on 15th June, when the pre ICO starts. A total of 2.5 billion tokens will ever be made, with all unsold ones burnt permanently to protect prices.

Learn more on the Online.io website – https://online.io/

Read the Online.io Whitepaper – https://online.io/download/OIO-Whitepaper.pdf

Follow Online.io on Twitter – https://twitter.com/OnlineIO_

Follow Online.io on Facebook – https://www.facebook.com/Online.io/

Learn more about Online.io on Medium – https://medium.com/online-io-blockchain-technologies  

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Blockchain for Funding: Acorn Collective Helping Crowdfunding for Startups

Merging crowdfunding with blockchain technology, Acorn Collective helps startups meet their financing requirements in a much more simpler and easy manner. Acorn Collective is a decentralized platform for individuals and parties that find funding is an issue for their innovative services and products. Acorn allows them to connect with investors who are willing to donate money for discounted services in the future. Crowdfunding is a relatively contemporary concept, having its roots in the early 2000s. The services really kicked off with Indiegogo and Kickstarter in 2008 and 2009. The ability to raise money without having much to invest, showing only

Merging crowdfunding with blockchain technology, Acorn Collective helps startups meet their financing requirements in a much more simpler and easy manner.

Acorn Collective is a decentralized platform for individuals and parties that find funding is an issue for their innovative services and products. Acorn allows them to connect with investors who are willing to donate money for discounted services in the future.

Crowdfunding is a relatively contemporary concept, having its roots in the early 2000s. The services really kicked off with Indiegogo and Kickstarter in 2008 and 2009. The ability to raise money without having much to invest, showing only what a product a service can do, and a promise to deliver the services or the product to investors at a discounted rate is undoubtedly a service which is key to a successful start-up.

Crowdfunding With Blockchain

Think “kickstarter meets blockchain” and delivers even more. This is what Acorn Collective is all about. The platform goes beyond what any other crowdsourcing is capable of by offering an easy access to startups for investors from all over the world. The platform is free to use and allows any legal project to seek funding from all manner of interested backers.

With Acorn Collective, fund seekers are incentivised because the platform will not charge them a commission fee, or any money handling charges apart from standard transactional rates, which are minimal in comparison.The free nature of the platform also means that projects which are rejected by traditional crowdfunding platforms due to little incentives in the shape of commission fees can seek funds at the touch of a button.

The transparent and open nature of blockchain technology also gives the users a clear view on how their invested money is being used by startups, enabling a better control of funds gathered, and attracting investors who truly value, value.

The Ecosystem

Acorn Collective offers services to users through four distinctive services:

  • The Crowdfunding Hub, the main service of the platform.
  • A marketplace to sell post funding services and products by startups.
  • The POS app
  • Acorn’s Token, the OAK to facilitate transactions within the platform.

OAK –  A Symbol of Strength and Stability

The platform has its own ERC20 standard token, the OAK, that will be used for transactions within the ecosystem. Backers and investors alike will pay fund seekers using OAK during the funding stage and can then buy services or products in the marketplace using the tokens. OAK will be on sale during its main ICO that starts on 26th May, 2018. 25 million OAK will be available in the sale with a price-tag of $1.40.

The platform is currently undergoing development and will roll out its early product build, along with crowdfunding this year. With its platform going live, Acorn Collective will open the doors of opportunity for fund seekers that have been denied in the past.

Learn more about Acorn Collective’s Platform– https://aco.ai/  

Read Acorn Collective’s Whitepaper – https://drive.google.com/file/d/0B1PbmmXatTeAODdsWUl4bmRJOW8/view

Chat with Acorn Collective’s team on Telegram – https://t.me/joinchat/HI_eCBG0fCRCl1ja-d5JDg  

Follow Acorn Collective on Twitter – https://twitter.com/AcoCollective  

Follow Acorn Collective on Facebook – https://www.facebook.com/TheAcornCollectiveICO  

Learn more about Acorn Collective on Medium – https://medium.com/@Acorn.Collective

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

3 Things that Drive Crypto Traders Crazy

The world of crypto trading is extremely exciting and those who are able to do it well are seeing far greater returns than any stock market day trader has been able to accomplish in the past. That is because this new and innovative industry has hit the open market very suddenly and allowed virtually anyone

The post 3 Things that Drive Crypto Traders Crazy appeared first on NewsBTC.

The world of crypto trading is extremely exciting and those who are able to do it well are seeing far greater returns than any stock market day trader has been able to accomplish in the past.

That is because this new and innovative industry has hit the open market very suddenly and allowed virtually anyone to get involved from the ground floor. Keep in mind that blockchain technology and the infrastructure of the crypto-market are still largely under construction. Crypto traders should proceed with caution, however; prices can move quite rapidly, which also drastically increases the risk over other markets, as well as the returns.

Getting over the tech hump

Even though the market is open to everyone, newbies can often find it quite daunting. Crypto trading can require a large amount of technical knowledge and knowhow. So the first thing that drives us crazy is the complexity: What’s a digital wallet? How do I use a private key? How much does a transaction cost? Where to get started?

Patience is key

The second thing that drives crypto traders up the wall is the time it takes to get things done. In this century we’re used to things happening instantly and we’ve come to expect this of technology. However, sending a single bitcoin can take between 10 minutes and 24 hours, depending on the time of the transaction and the fee you pay for sending it.

Other cryptocurrencies work much faster but many are willing to wait in order to get their hands on the real bitcoin. Even so, it’s still annoying!

Getting things set up can be even worse. It often takes weeks or even months to open an account at the crypto-exchanges. The average time in the industry at the moment is two to three weeks to get your documents approved.

Safety first

The third thing, which is really the first in many people’s minds, is security. There are headlines all the time about wallets and exchanges getting hacked.

Because the industry is very new, most financial regulators don’t yet have operational procedures for crypto traders. Hackers are getting more and more clever every day and in the blockchain world all transactions are final. So if there is an incident it’s nearly impossible to get your money back.

One of the best tips I ever received was to never store your cryptos on an exchange website. This came in handy several times as the exchanges that I used were later hacked or ran into regulatory issues. Thank god I was far away when it happened.

So, with all these issues, is it even still worthwhile to trade in this market???

If you ask me, the answer is undoubtedly yes.

How to approach the crypto boom

Yes, there is risk because the industry is new and growing very fast, but the returns are potentially outstanding. Bitcoin itself rose in value by 1,000% in 2017 while the entire industry grew more than 3,390%.

As with any investment, you never want to invest more than you can afford to lose. And if you’re considering investing in general, the best thing to do is to build yourself a portfolio of many different cryptos, stocks, commodities, or anything else that you feel will rise in value over time.

Try before you buy

On eToro, we make this process very simple. It won’t take more than a few minutes in the demo account to figure out how to open and close a trade or how to copy other people who have more experience. Opening a demo account is a simple process, which is very quick.

Once you’re ready to invest real money, you can deposit money directly using a credit card or a paypal account in minutes flat. Since eToro is a platform to manage all your investments, you won’t need to worry about storing cryptos in a digital wallet and you can rely on our experience and expertise to ensure everything is kept safe and secure.

Please feel free to open a virtual account now and try us out. We’re also a social network, so if you have any questions, you can always ask any of our millions of registered users or tag me directly (@MatiGreenspan) and I’ll be glad to help out.

Hope to see you around.

Your capital is at risk. Past performance does not indicate future results. This is not investment advice. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework.

Featured image from Shutterstock.

The post 3 Things that Drive Crypto Traders Crazy appeared first on NewsBTC.

Former Trump Advisor: ‘We Will Have a Global Cryptocurrency’

The former Goldman Sachs COO, who recently left Trump’s National Economic Council, is “not a big believer in bitcoin,” but sees promise in blockchain.

The former Goldman Sachs COO, who recently left Trump’s National Economic Council, is “not a big believer in bitcoin,” but sees promise in blockchain.