Čvn 26

Barclays Bank Confirms Talks With Regulators to ‘Bring Bitcoin Into Play’

· June 26, 2017 · 1:30 pm

British multinational bank Barclays has confirmed they have been in talks with UK financial regulators, the Financial Conduct Authority (FCA), to see how they can “bring Bitcoin into play.”


Consulting Regulators and Fintech Firms

Speaking with CNBC, the bank’s UK chief executive, Ashok Vaswani, confirmed that the company had been in talks with both regulators and fintech firms in order to determine how the bank can safely bring cryptocurrencies to their customers.

While the conversation with CNBC did revolve around Bitcoin, in particular, it is important to note that Vaswani made it clear that they were looking at blockchain technology as a whole.

UK chief executive, Ashok Vaswani

According to Vaswani:

We have been talking to a couple of fintechs and have actually gone with the fintechs to the FCA to talk about how we could bring, the equivalent of bitcoin, not necessarily bitcoin, but cryptocurrencies into play.

He also discussed the importance of caution with regard to cryptocurrency integration:

[It’s] obviously a new area we’ve got to be careful with […] We’re working on it, [it’s] not ready for prime time, we’ll get there soon.

Not Barclays’ First Bitcoin Rodeo

Barclays’ move comes on the heels of recent news that JP Morgan Chase is planning to integrate Zcash with its blockchain platform as well as Chase’s announced inclusion in the Enterprise Ethereum Alliance. This is not the first time that Barclays has dipped its toes into the cryptocurrency pond, however.

In April 2016, Barclays became the first British bank to partner with a digital cryptocurrency firm when they backed social payments app Circle, which allows users to send and receive payments via text message. Circle operates in part on Bitcoin’s blockchain and it offers the cryptocurrency as a payment option as well.

Barclays implements smart contracts

Barclays made use of smart contracts to facilitate derivatives trading last year and has also invested, via incubators, in numerous companies making use of blockchain technology. One of the most notable of these is the Africa-based startup Consent which uses the blockchain to log medical records.

Where Investors Go Banks Follow

As Bitcoin continues to show record breaking gains, the interest level from retail investors is at an all-time high. With this increased interest, it should come as no surprise that banks are starting to sit up and take notice. With Bitcoin boasting YTD gains of near 200% – and Ethereum over 3000% – banks are realizing that cryptocurrency and blockchain technology are here to stay.

Bitcoin YTD gains

Barclays and JP Morgan Chase are hardly the first banks to embrace Bitcoin and the blockchain, however. Other banks that have made inroads include:

  • Banco Santander
  • Citi Bank
  • Goldman Sachs
  • Standard Chartered
  • UBS

Bitcoin is now being offered in investment portfolios at both Hargreaves Lansdown and Fidelity Investments, demonstrating a clear willingness to cater to this increasing demand. Fidelity Investments seems to have taken a keener interest in the technology, where others remain cautionary.

Ultimately, questions as to the direction Barclays will take are still unanswered, but the important thing is that they are talking about it, investing in it and researching possible opportunities.

What do you think about Barclay’s venture into cryptocurrency and blockchain technology? How can this benefit their customers? Let us know in the comments below.


Images courtesy of Barclays, Shutterstock, Twitter

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Čvn 25

Cryptocurrency Gambling company Monster Byte Inc. launches ICO

· June 25, 2017 · 11:00 am

Monster Byte Inc. owns a suite of long standing and profitable gambling websites that have been custom-built with proprietary technology owned by Monster Byte. Monster Byte is looking to raise additional funds to not only enhance their current consumer’s sites but also begin to resell their intellectual property and enter the B2B iGaming space.

[Note: This is a press release.]


This ICO is unique because the company has been generating revenue, adding users and enhancing its products since 2013. Instead of wondering if you are buying vaporware with the ICO you have a chance to share in the growth and profits of an established company.

From Sports Betting to Provably Fair Games

Monster Byte owns and operates Peerbet.org, Bit777.com, and BitcoinRush.io. Bitcoin Rush offers sports betting and a provably fair casino all custom built and originally founded as “casinobitco.in” in 2013.The sportsbook currently offers highly competitive odds and a daily cashback system that is not available at any other bitcoin sportsbook. Peerbet was established in 2012 and offers 1% edge dice games and an on-site exchange for various cryptocurrencies. Finally, Bit777 was acquired by Monster Byte in 2014 from UltraPlay LTD and is a flash based casino with 49 different games.

The sportsbook currently offers highly competitive odds and a daily cashback system that is not available at any other bitcoin sportsbook. Peerbet was established in 2012 and offers 1% edge dice games and an on-site exchange for various cryptocurrencies. Finally, Bit777 was acquired by Monster Byte in 2014 from UltraPlay LTD and is a flash based casino with 49 different games.

What will the ICO Funds be Used For?

First and foremost, Monster Byte is hiring several functions, including additional developers, and community managers.

The BitcoinRush.io sportsbook will be updated with a new UI/UX model and implement a system that earns between 2-4% per bet regardless if the player wins or loses.

Peerbet.org will be relaunched with a new modern design that will be responsive for tablet and mobile device play.

BitcoinRush.io will start accepting more coins including Waves, Ethereum, Litecoin, Dash, and others in time for the next NFL season in September.

B2B syndication of its games and API access to both traditional fiat and cryptocurrency gaming portals. The new line of business will supplement existing revenue streams.

Telegram messenger betting support. People will be able to place bets from their telegram app.

What do Token Holders Get?

Monster Byte Token will be issued exclusively on the Waves Platform due to the ability to easily trade tokens against other assets and cryptocurrencies all within the DEX, a very liquid decentralized exchange in the Waves LiteApp Wallet.

On a quarterly basis, all Monster Byte token holders are entitled to their share of the collective profit (revenue – expenses) of Monster Byte. Dividends will be paid in bitcoin, and detailed quarterly reports will be published to provide full transparency on all operations. A dedicated Slack channel will also be created to follow the day-to-day operations and development progress with the team itself.

When is the Monster Byte ICO? I Want in NOW!

The ICO pre-sale will begin on July 3rd, 2017 at 16:00 UTC, and extend until July 8th 16:00 UTC or whenever the pre-sale is sold out, whichever occurs first. During the pre-sale, 2,500,000 Monster Byte tokens will be sold at $0.08 USD, a 31.5% discount over the general sale. The general sale will open at July 8th at 16:00, and 7,500,000 Monster Byte tokens will then be sold at $0.11 USD.

Is There a Cap?

Yes, in total, Monster Byte anticipates raising $1,025,000 USD which gives Monster Byte a $4.4M post-money valuation. They chose not to have an open cap as savvy investors should know exactly what they are buying into, with a well-defined capitalization model.

A Unique Opportunity

This is your chance to invest in one of the fastest growing industries. Sports betting and online gambling is one of the best use cases for cryptocurrencies. Currently, online gambling as a whole is a $46 Billion/year market. Depending on estimates, that figure is expected to reach $50 Billion/year by 2019. At the same time, due the benefits of both the player and operator, cryptocurrency gambling is going to ‘eat into’ this market gradually year over year.

Based on Monster Byte’s solid reputation and long-standing history in this young niche market, as well as their expansion into B2B operations this is an ICO that is sure to go quickly.

Visit our website and sign up for our newsletter to get the latest updates on the ICO and presale. You can also connect with us on Slack and on BitcoinTalk.

[Disclaimer: Bitcoinist accepts money to publish press releases in the dedicated PR section. However, we do not endorse and cannot guarantee any claims contained in these press releases. We advise our readers to always do their due diligence before sending any money to companies and services, particularly those who guarantee profits. Remember, if it sounds too good to be true, it probably is.]


Images courtesy of Monster Byte

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Čvn 24

iDice ICO Raises $2.4M in First 2 Weeks

· June 24, 2017 · 10:00 am

iDice, the company behind the world’s first, has raised 7400 ETH ($2.4 million USD) in a span of less than 2 weeks, becoming the most successful gaming ICO in Ethereum history. The iDice ICO is currently live with only 2 more days left in the crowdsale. Holders of iDice tokens will be entitled to a portion of iDice’s total profits.

[Note: This is a press release.]


Jordan Wong, Founder and CEO of iDice commented:

People can see the potential of iDice in the future. We’re bringing Ethereum Gaming to mobile devices across the world, something that nobody has ever done before. It’s obvious that mobile betting is going to be big, and we’re going to dominate this market.

The iDice team has released a developer update of their upcoming mobile app, scheduled to launch late Q3 of this year. iDice token holders will have the right to claim a portion of the total profits from both desktop and mobile platforms. This includes any profits from future games such as poker, roulette, slots, and blackjack.

iDice mobile gaming app

iDice has become the fastest growing gambling platform to date. The iDice beta has gotten over 2000 bets and paid out over 1600 ETH ($500k USD) – all within its first 3 months. Ethereum Gambling experts have predicted that iDice will beat its competitors vDice, Etheroll, and Edgeless Casino in the mobile gambling segment.

iDice seems to have the odds in its favor. The global online gambling industry is currently worth $47 Billion USD, with mobile traffic rapidly on the rise. Ethereum, which iDice uses, is also growing at a great pace, meaning that it will take an increasingly bigger part of the mobile online gambling industry; Ether is already popular among players. These two factors combine make iDice the king of a huge kingdom, whose vast territory and borders have not been fully explored yet.

To join the iDice ICO, sign up at their crowdsale page: https://crowdsale.idice.io. The ICO ends this week on June 26, UTC 0:00, so time is quickly running out. The iDice team has already made contact with exchanges, and the project is likely to see even more popularity after they’re listed. Similar projects in the past such as vDice have seen their tokens shoot up 30x in value this year. Investors believe that iDice will likely be no different.

[Disclaimer: Bitcoinist accepts money to publish press releases in the dedicated PR section. However, we do not endorse and cannot guarantee any claims contained in these press releases. We advise our readers to always do their due diligence before sending any money to companies and services, particularly those who guarantee profits. Remember, if it sounds too good to be true, it probably is.]


Images courtesy of iDice, Shutterstock

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Čvn 23

Highschool Dropout and Bitcoin Millionaire Hosts Reddit AMA

· June 23, 2017 · 2:00 pm

High school dropout and Bitcoin millionaire, Erik Finman, has hosted a Reddit AMA to shed some light on himself and his journey in the cryptosphere.


Too Cool for School

Erik Finman was recently featured in a CNBC story in which he described the journey through the Bitcoin and cryptocurrency world which lead him to acquire over $1.09 million in Bitcoin and other smaller holdings in altcoins like Litecoin and Ethereum. Finman took the opportunity to conduct a Reddit AMA, where users were allowed to ask questions about Eric’s story.

Dropping out of high school at the age of 15 to focus on his educational website, Erik Finman made a bet with his parents in which he agreed to go to college if he wasn’t a millionaire by the age of 18. Thanks to the continuous Bitcoin rally, Finman was able to hire professional programmers to work on his website, later selling it for Bitcoin again, starting his own VR company, all while trading Bitcoin and increasing his holdings.

lots of bitcoins

Now, Erik Finman holds 403 bitcoins which are currently valued at $1,092,678.08, among other holdings, which means that he doesn’t have to go to college, according to the bet. However, it’s also worth noting that Finman is not yet a millionaire, as his profits in Bitcoin have not yet been realized. However, Erik believes in the potential of Bitcoin and blockchain technology.

During the Reddit A.M.A, he stated:

I see bitcoin going up way more than just the 2000s/3000s where it’s been. Bitcoin and blockchain technology is where the internet was in the 80s, not the 90s, but the 80s. And if you just get a fraction of the world on it. And I know all these entrepreneurs inventing world changing technologies that one of them will do a lot to get new people onto Bitcoin thus raising the price. Bitcoin will be worth tens of thousands of dollars to hundreds of thousands of dollars to even millions of dollars a coin

Reddit AMA

Riding the spotlight created by CNBC’s story, Erik Finman decided to host a Reddit AMA (Ask Me Anything) in which he planned to answer user questions, most likely on his journey towards becoming a millionaire and his dealing with Bitcoin and other cryptocurrencies. However, the focus was not on Bitcoin

Reddit AMA

Mainly curious about Erik’s taxes and education, many users wondered if Erik Finman paid his taxes accordingly, with some users suggesting the contrary. Many also asked if Finman has plans to return to formal education, although he didn’t show much interest in doing so.

The thread was also flooded with negative comments attempting to discredit Erik Finman as a kid who made a “lucky bet” when purchasing Bitcoin. Finman addressed one of these comments: 

I spent every day working to build up the number of Bitcoins I had. Turning 80-100 Bitcoins to 403 + other money in cryptocurrencies. Feel free to take what I say with a grain of salt but it was not one purchase, it was years of trading in addition to building out my projects. I wanted to clear that up. I’m not perfect, so you are right there might be imperfections in my advice.

Erik Finman

Erik Finman – Lucky or Shrewd?

While it may be simple to dismiss Erik Finman as “simply lucky”, it would be unfair to do so. When considering that Bitcoin is still so far from mainstream adoption, having the foresight to research and invest in Bitcoin is far from lucky, unless you’re buying Bitcoin blindly because someone told you too.

Although it is true that Bitcoin’s volatility may be near impossible to predict, Finman’s understanding of the underlying technology allowed him to make an investment, not based specifically on the market (or hype) but based on the potential of Bitcoin. Not only that, but his understanding of the markets themselves allowed him to grow his Bitcoin holdings with trades.

However, Finman has also proved that there is more than just luck to him through various projects he has previously worked on, which have also granted him high yields. These projects include his educational websiteabd his own VR company.

What’s your take on the story of Erik Finman? Will Bitcoin continue to make young millionaires? If so, can this change in wealth distribution change the world for the better? Let us know your views on the comments below?


Images courtesy of Twitter, Shutterstock

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Čvn 22

Bitcoin Potentially the Most Lucrative Trading Investment Since Amazon

· June 22, 2017 · 1:00 pm

Comparing the dotcom booms, Amazon share price and performance to Bitcoin draws some very interesting parallels, setting Bitcoin as potentially the world’s most lucrative trading investment.


Emerging Tech market Capitalisation Then and Now

Gordon Scott at Investopedia writes that Bitcoin is comparable to how Amazon was treated during the Dotcom boom.

Even by the start of 1997, everyone knew Amazon had a great idea, but no one could fully explain how much its shares should be worth.

It is that very problem that Bitcoin now faces. Everyone realizes that it is a great idea, yet it is hard to fully grasp exactly how much it should be worth. Bitcoin’s primary use as a monetary is well known, but the actual technology and its potential applications are still a great mystery to many.

Amazon faced the same problem as it took new approaches to distribution and supply chain management. Interestingly, Amazon initially started in the book sector and, while it dominates that market to this day, it has since evolved by several orders of magnitude to be the giant that it is today. Gordon further explains:

Investors were not able to fully and accurately quantify Amazon share value at first. Can you blame them if it was hard to analyze the idea of using supply-chain management software to create a virtual book warehouse and factory outlet mall synthesized into a single website?

If we take a look at Amazon’s market valuation back in its 1997-99 cycle there existed the same degree of price volatility that Bitcoin has experienced, at least in it’s 2016-17 period which has seen a much steadier rise as a result of actual widespread investor speculation.

It is the cryptocurrency’s volatility that makes it such a potentially highly rewarding trading investment. The price swings, while hopefully not terminal (as they became after 2010), offer the trader many opportunities to take profit and reinvest. As long as Bitcoin continues to follow the price trends set by Amazon, its traders can potentially continue to make a very lucrative trading investment with the coin.

As can be seen in the charts above, the dotcom boom parallels the current state of cryptocurrency. Furthermore, as other altcoins emerge to stand up to rival and compete with Bitcoin, there exist the same issues of fluctuations in price.

These same issues were present in 1997, except that some companies went on to continue rising as others crashed with the bursting of the dotcom bubble.

Bitcoin In Perspective

Sue Chang at Marketwatch posted this chart (below) which puts the current size and value of Bitcoin into perspective:

Bitcoin - Putting the World's Money into Perspective

As illustrated above, Amazon currently stands at a value of $402 billion, with Bitcoin already sitting at a $41 billion market capitalization. Given this, it’s not hard to get a sense of the size of the cryptocurrency’s current projected value and there is a great deal of market confidence in the coin to have reached this stage.

While many see Bitcoin as being in a bubble, and there may yet be many more volatile dips to come, it is worth remembering that companies such as Amazon suffered also from this market volatility. Volatility, while not desirable in a currency, could just be a sign of Bitcoin and its technology truly finding its feet among its fellow market giants.

Will Bitcoin fulfill its promise as the most lucrative trading investment? Let us know in the comments.


Images courtesy of Investopedia, MarketWatch

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Čvn 21

DNotes Co-Founder Alan Yong Offers Insight on DNotes Strategy and Vision in Recent CEO CFO Interview

· June 21, 2017 · 2:30 pm

In an interview with CEOCFO Magazine published on Monday, DNotes co-founder Alan Yong revealed his thoughts on the current state of cryptocurrency, the obstacles preventing the industry from obtaining more widespread acceptance, and his company’s plan to position DNotes to overcome those challenges.

[Note: This is a press release.]


Yong, the author of the book Improve Your Odds – The Four Pillars of Business Success, pulled no punches as he surveyed the digital currency landscape in 2017 and elaborated on DNotes Global Inc’s plans and DNotes’ potential.

In remarks after the interview was published, Yong made clear his belief in digital currency’s ability to level the playing field for billions of financially disadvantaged people around the world. That is why he chose to emphasize their plight and explain how the DNotes team plans to position that currency to fill that gap by fulfilling all the basic functions of money.

DNotes Alan Yong

Young explained:

I talked about the 2.2 billion people around the globe who lack access to basic financial services. […] How do you improve your life and that of your community or country when banks won’t even give you access to a savings account – much less a small business loan or other credit opportunities? This is not a new problem, and yet the current financial system has done little or nothing to make those peoples’ lives better. Something has to change.

Yong’s focus on these types of problems is understandable. For years, cryptocurrency enthusiasts have argued that digital currency would provide the democratization of money that the world needs to empower everyone. However, as he alludes to in his interview, little real progress has been made. And if Yong is right, few if any of today’s digital currencies are properly positioned to fulfill that promise of monetary democratization.

With respect to Bitcoin, Yong notes that its popularity and current price could prove to be a barrier to more widespread adoption around the world. As he noted in the interview, “mass acceptance of any digital currency also requires it to be accessible to anyone and everyone around the world – rather than just being limited to the monied elite.” Yong says that universal accessibility is a central goal for the DNotes team and project.

To accomplish that, the DNotes strategy reportedly focuses on creating an informed community dedicated to the currency’s success, a trusted brand that is both reliable and verifiable, and a system that emphasizes education about digital currency. DNotes Global Inc was created as a for-profit company to help meet those goals and provide the leadership needed to ensure that the currency acquires actual intrinsic value.

That intrinsic value will be vital if DNotes is to achieve Yong’s dream of serving as a viable source for financial empowerment around the world. No currency can long lay claim to that designation without some measure of intrinsic value since much of the world’s population will be reluctant to put its trust in any currency that suffers from unpredictable and wild price swings.

Yong also went into greater detail about the DNotes Global Inc project and its long-term goals. The DNotes team plans to eventually launch a cryptocurrency exchange, as well as an online bank. And that’s on top of its ongoing efforts to continue to improve its other project offerings – services and features that include everything from the innovative and secure DNotes Vault system to the company’s CRIPS savings accounts and retirement program.

Yong’s interview with CEOCFO Magazine offers perhaps the most in-depth glimpse into his company’s plans yet, and that’s likely to spark even more interest in the DNotes project. Still, Yong seems to be taking that in stride.

DNotes is generating lots of excitement right now, but we’re still focused on the task before us. This is a big project, with big ramifications for the world – so patience is a must. If I’ve learned one thing in my business life, it’s that you always need to do the right thing at the right time – and for the right reasons. We intend to keep doing just that.

About DNotes and Alan Yong

DNotes co-founder Alan Yong is a well-regarded author and tech visionary who established Dauphin Technology in 1988. DNotes is regarded as a “thought leader” in the cryptocurrency industry, with a digital currency noted for its consistent and reliable growth, and innovative initiatives that actively engage women, young people, small businesses, workers, and others – effectively inviting the world to participate in the digital currency revolution.

Read the full interview here: http://www.ceocfointerviews.com/interviews/DNotesGlobal17.htm

For more information please visit: http://dnotescoin.com
To trade DNotes with Bitcoin please go to:http://poloniex.com/exchange#btc_note
To learn more about DNotesVault and CRISPs please go to:http://dnotesvault.com
Follow DNotes on Twitter: http://twitter.com/dnotescoin


Images courtesy of LinkedIn, DNotes

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Čvn 20

CryptoPing to Help Users Navigate the Cryptocurrency Investment World

· June 20, 2017 · 2:00 pm

CryptoPing is an Instant Message bot for cryptocurrency traders, compiling information from exchanges and presenting it to the user in the form of comprehensive signals.

[Note: This is a sponsored article] 


Navigating the Cryptosphere

The recent cryptocurrency rally has taken crypto to unexplored heights, amassing a global market cap of over 100 billion and gaining new users worldwide. However, it has also created a FOMO (Fear Of Missing Out) environment where inexperienced traders can lose fortunes in weeks due to rushed decisions based on no substantial research whatsoever.

In a market like this, experienced traders profit greatly from past experience, while entrant users must resort to information hubs. However, quality trading and analysis tools and info are not in abundance in cryptocurrency world, which means that users may be lead to make decisions based on incorrect information.

Bitcoin Price markets

CryptoPing is an Instant Message bot for cryptocurrency traders. Taking the form of an ordinary chat room, it compiles information from exchanges and presents it to the user in the form of signals, who can then choose to act upon it. The CryptoPing bot clears the overwhelming noise in the cryptosphere and prevents you with the most relevant movements in the market in due time.

Showcasing the need for quality tools in the field, CryptoPing’s ongoing crowdfunding campaign has already raised 65% of the initially expected funds. The CryptoPing IM bot has more than 25,000 active users, with more 500 new daily registrations, currently awaiting the launch of the subscription-based services and social sharing.

CryptoPing: Enhance Your Trading System

The information provided by CryptoPing is based on the trading volume, price movements, change to coin rate to BTC, cryptocurrency market capitalization, and more. This information will be compiled in a manner that quickly tells the user what altcoins he can buy and why, showing the relevant market movements.

Although CryptoPing can be used to enhance your trading skills, allowing you to quickly scope out the market in four different cryptocurrency exchanges and to place your orders based on the provided info, all of your purchases should be accompanied by extensive research. This system allows you to know all relevant information about the investment you’re making and not just the price/volume movements, which can be deceptive.

In the future, CryptoPing’s roadmap includes social trading, an investing app, news and social feeds monitoring, neural network for markets and auto-investing app and more

The PING Token & ICO

In order to fund the development of the CryptoPing project, an Initial Coin Offering (ICO) Campaign is currently taking place, allowing users to exchange Bitcoin in exchange for PING tokens, a crypto-based asset issued on the Waves Platform.  The ICO has gathered over 377 BTC so far, with four more days left until the end of the campaign.

The PING token is used as a payment method for the CryptoPing subscription model. Most of the PING tokens used for payments will be burnt for the first six months, which allows the total supply of 10 million to decrease.

So far, CryptoPing has been able to gather 65% of the expected funds. With over 2202 investors worldwide, CryptoPing will be able to deliver a globally accessible product that can be used by anyone that has access to an IM app like Telegram or Slack.

Can CryptoPing become a standard tool for experienced and novice traders alike? Share your opinion below!


Images courtesy of CryptoPing, Shutterstock 

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Čvn 19

Altcoin Exchanges: Pros and Cons of Top Platforms

· June 19, 2017 · 1:00 pm

Altcoins, a collective name for all cryptocurrencies except bitcoin, have become the main point of attraction for cryptotraders around the world. The altcoin market, full of promising new coins, highly reputable old rivals of bitcoin, and downright scam coins, shows an equal potential for making someone a fortune or leaving them penniless.


Altcoin exchanges pop up like mushrooms after a summer rain, a fact that is predominantly attributed to the need of diversifying one’s altcoin investments. After the Mt.Gox fiasco, everyone is understandably very cautious.

The collapse of Cryptsy has made matters even worse. After two years of operation marked with multiple technical failures and unpopular administrative policies, the exchange went down after a $7.5 million-worth hack. The litigation that ensued has revealed that the exchange’s owner was stealing money for himself.

Even under increased caution and scrutiny, there are still many existing altcoin exchanges offer deals that involve downright swindling coins. Because of this, traders who lack a gargantuan appetite for risk-taking stick with the most reliable exchanges. Here are three of the most popular and top performing altcoin exchanges.

Poloniex

Poloniex, aka Polo, is probably the best-known altcoin exchange of them all. It offers a wide variety of cryptocurrency pairs, so a seasoned trader may compose a great portfolio of their choosing in no time.

Poloniex altcoin exchange

Signing up with Poloniex is similar to other websites that don’t offer instant registration via social networks. As with other online trading platforms, a new user has to undergo two levels of verification. Undergoing just the first level limits withdrawals to $2,000 a day. By providing further personal information like ID and home address, a user may extend the withdrawal limit to $25,000. In order to have an opportunity to withdraw more than that, a user would have to contact the exchange’s support team.

Technical support is available via e-mail, tickets or direct chat. The latter is possibly the best way to get a response as fast as possible, however, the moderators do not tend to answer the queries right away, and some users have complained that the responses were not sufficient to answer their questions.

The website offers two-factor identification similar to other online exchanges.

Remarkably, Poloniex does not deal with fiat currencies. The USD exchange rate it presents is actually tied to Tether, an altcoin designed to cost exactly $1. This issue often confuses newbies who try to withdraw fiat from the exchange.

Poloniex chart

Another notable downside is that the Poloniex offers no mobile apps, though it does provide a mobile browser version instead. There have been reports suggesting that there is an app at Google Play for Android devices, however, the app has no affiliation with the exchange, and therefore considered dangerous.

The exchange’s website is somewhat bulky and has been known to perform slowly compared to other exchanges. There have been reports of users’ browsers freezing up if there are other tabs opened at the same time.

Most notably, despite the service’s overall strong reputation, there have been numerous accusations of minor scams like supervising controllable and prearranged pumps and dumps, as well as meddling with Ethereum Classic supply. Additionally, DDoS attacks occur quite often to Poloniex, and its customers are more likely to receive phishing e-mails.

Takeaway: Overall, Poloniex is a great exchange for those interested in altcoin trading.

LiveCoin

LiveCoin does not focus on any particular part of the world, however, it supports USD, Euro-Russian Ruble withdrawals, so it might have the biggest appeal to those who mostly deal with those fiat currencies. However, altcoins traded at the platform are abundant.

LiveCoin altcoin exchange

The exchange requests that those who use bank transfers for deposits undergo special verification, which should be addressed to the support team. For all other cases, no additional verification is required. The service also offers two-factor verification for log-in and withdrawals common with all trading platforms and additionally may enable text notifications sent directly to the customer’s phone. Unlike Poloniex, LiveCoin does not use any withdrawal limits.

Similar to most other exchanges, LiveCoin offers standard market orders, limit orders, and, on top of that, pending orders, which is not common with its competitors. Pending orders are orders that essentially will activate only once the price of a selected currency reaches the value set forth by a trader. This may actually influence the trading by removing any influence from a particular trader. In fact, as long as nobody sees an order at a specified price, it cannot drive the market anywhere.

LiveCoin Chart

Another notable feature of LiveCoin is that the exchange offers fiat vs altcoin pairs, which most other currencies lack. This effectively removes the need to buy bitcoin for fiat, and then altcoin for bitcoin, thus paying transaction fees twice.

Unlike some other exchanges where users may wait a long time until the support team responds, LiveCoin’s support team is quick to reply and remains strictly professional. Additionally, they maintain a FAQ section at Bitcointalk where everyone may ask their questions.

The user interface is quite convenient and the exchange works great in mobile browsers. Unfortunately, just like Poloniex, it has no apps for either iOS or Android. Another downside of the exchange is that some of the altcoins traded there have poor liquidity.

Takeaway: Both professional and amateur altcoin traders may find LiveCoin to be a great altcoin exchange with many useful and unique features.

Bittrex

Bittrex has been active since 2015 and features thousands of cryptocurrency pairs, two-factor authorization and cold storage of most user assets to protect them against possible system failures.

Bittrex altcoin exchange

The exchange may be one of the safest platforms for online trading as its creators pride themselves on being “security freaks.” Nevertheless, signing up with the exchange may scare anonymity advocates away due to those security reasons, as the new user has to specify their full name, date of birth, country, address, and ID number.

For the same security reasons, one cannot withdraw anything in the 24 hours following the change of password, and without two-factor authorization enabled, the amount of withdrawals will be limited to 1 BTC a day.

Even with all the security in place, there is still room for user complaints. Aside from the absence of an interface in any other language than English, the exchange’s technical support also causes some users to express their discontent. Complaints remain unresolved for a long time, and there are even some accusations of non-transparent policies and withdrawal problems.

Bittrex chart

The exchange acts as a wallet and a trading platform at the same time, which, with all the security rolled out, might be convenient without involving any serious risks.

Bittrex may be the best solution for those who value security above comfort. While verification may take a long while, and the support team seems to be generally sluggish, the security of user accounts is beyond all praise. When the user database was hacked in April 2016, only those accounts that had not enabled two-factor verification were in fact compromised.

Takeaway: While generally being one of the top cryptocurrency exchanges, when it comes to matters beyond security, Bittrex still has something to improve.

What do you think of our Top 3 altcoin exchanges? Do you have a favorite exchange that isn’t listed here? Let us know in the comments below.


Images courtesy of Bittrex, LiveCoin, Poloniex, Shutterstock

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Čvn 18

Polybius Project ICO raises $19 Million, Becomes Eligible for EU Banking License

· June 18, 2017 · 2:00 pm

The Polybius project ICO went live on May 31, 2017, has raised $6 million in its first three days and by the second week, it had raised a total of $17 million (now over $19 million). At $6 million the Polybius Bank project became eligible to register as a bank and start operations under EU law.

[Note: This is a press release.]


Polybius project ICO

In accordance with regulations, The Polybius Foundation was required to raise a minimum of $6 million to legally obtain a full banking license and launch within an EU country. The Polybius project’s ICO is now in its third week but has already raised close to $20 million.

Established by the Estonian company Polybius Foundation, The Polybius project was born out of a change in EU legislation which enables the project to become economically viable.

The project is heavily focused on the development of financial technologies within the banking sector of Switzerland and the EU.

Following changes to EU legislation, it is now legal for banks to use blockchain technology as a basis for recording bank transactions and documentation, a leading feature of the Polybius cryptobank project. In addition to the implementation of blockchain technology, Polybius Bank will also use specialized AI for crediting, and the project’s very own digital biometric identification technology called Digital Pass.

Digital Pass offers a safer, streamlined digital alternative to the traditional method of physical documentation. Until now it has not been legally possible for EU-based banks to implement such projects, but now Polybius Bank project will have the freedom to operate as a legitimate universal blockchain-backed bank.

The Polybius Bank project has stated that it is very close to choosing an official location for the business to be registered. Currently shortlisted locations include Lithuania, Luxembourg, Finland, and Switzerland. The project will announce their final decision when the ICO campaign concluded. Polybius would like to remind potential investors that during the third week of ICO, they stand to receive a bonus of 10%, starting June 15, 2017.


Images courtesy of Polybius

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CORION Announces ICO Details for its Revolutionary Platform & Stable-Rate CryptoCurrency

· June 17, 2017 · 12:00 pm

CORION (https://www.corion.io) full-service blockchain platform powered by a revolutionary new stable-rate token, today announced final details for their public crowdsale to begin on June 18th and end July 30th, 2017.

[Note: This is a press release.]


CORION Platform Offers the Easiest Way to Enter the Crypto World

Built on Ethereum Classic, the CORION stable-price token eliminates the guesswork that comes with fluctuating prices. Its algorithm enables special automated inflation-deflation control, assuring the stability of the CORION token as a stable means of payment worldwide. CORION’s white papers can be found here.

Participants in the CORION crowdsale will gain access to the CORION Platform, and have stable-price digital tokens deposited in their multifunctional CORION Wallets immediately, allowing instant, low-cost payments. Early investors will receive a 25 percent bonus the very first day, 20 percent bonus during the first week, a 15 percent bonus the second week, and progressively lower bonuses throughout the campaign. Investors will also be incentivized by CORION’s affiliate reward of 1-5 percent.

Funds raised through CORION’s  crowdsale will be distributed to further developments and investments managed by the CORION Foundation (50 percent), to the Stability Fund managed by the Foundation (25 percent), to the team members for their two year of work (16 percent), future developers and associates working on the CORION Platform (4 percent), and marketing, promotions, and growth (5 percent).

CORION’s Marketplace allows anyone with a minimum purchase of 3,000 CORION tokens (a $2,400 investment) to join the community as a Service Provider and start their own business and start acquiring customers. The marketplace provides an excellent tool to promote any business online or offline anywhere in the world. From there, the mainstream crowd is engaged through affiliate programs and shopping communities that generate demand for usage of the platform. As business grows, so does the token supply, thus fuelling the system  and allowing users to earn daily rewards from staying active within the community.

The CORION Platform also features a built-in automated inflation and deflation control system that ensures the stable price of the coin to carry out transactions. If the price of CORION rises above $1 on the main exchanges, (i.e. there is a demand for more tokens), the system will release a maximum 2.5 percent additional tokens daily. On the other hand, if the price of CORION drops below $1 on the main exchanges, (i.e. there are more tokens in circulation then the system needs), no tokens will be emitted. To make sure the system works, set fees are calculated after each transaction and later burned to make sure they never appear in the system again.

Miklos Denkler, CEO of CORION, explains:

One of the biggest deterrents for new cryptocurrency users is the hassle of monitoring the hugely fluctuating prices of cryptocurrencies. With CORION, the price of the token remains stable, giving community users all the freedom to buy and sell in the marketplace without a major financial risk. We look forward to introducing CORION to a larger audience through this token crowdsale and putting investments towards funding this truly revolutionary platform.

For more information on CORION and its upcoming crowdsale, please visit: https://www.corion.io

About CORION

CORION is a multifunctional platform for businesses and individuals to join and build a worldwide decentralized network based on mutual benefits, simplicity, security, cost-effectiveness and speed. The Platform provides and hosts secure, convenient, and instant financial transactions using CORION, the stable means of payment. CORION encourages users to build businesses and services on it and it is ideal for beginners and anyone looking to enter into the crypto world. For more information, visit https://www.corion.io

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