Zář 11

Howard Marks Admits ‘Mistake’, Changes Stance on Bitcoin

· September 10, 2017 · 8:45 pm

After previously slamming Bitcoin and other digital currencies as “not real”, “fad”, and “a pyramid scheme”, billionaire traditional investor Howard Marks made a spectacular U-turn on his views on the new financial technology in his latest memo to Oaktree Clients.

Howard Marks’ 180 Degree Turn

In his July memo, Howard Marks explored the world of cryptocurrencies and leveled heavy criticism at them. However, after receiving significant backlash from various media outlets for his ‘dinosaur’ views and lack of understanding of the new financial technology, Marks decided to revisit the topic to get ‘enlightened’ and ‘educated’ on the subject. In his new September memo, he claims that Bitcoin partisans encouraged him to think of Bitcoin as a currency – a medium of exchange – rather than as an investment asset.

The billionaire investor acknowledged his ‘mistake’ as he had been looking at Bitcoin the wrong way, and humbly conceded that much of the arguments he made against the cryptocurrency were applicable to the dollar as well. Marks subsequently made the case for qualifying Bitcoin as a currency and concluded that although he sees no reason why Bitcoin can’t serve as a currency and “become an accepted medium of exchange”, he warned against getting caught up in the hype and buying it with the sole view of making money off it.

Warning Signs

Bitcoin’s volatility, which has seen it rise over 350% in 2017 alone, concerned Marks, who was quick to point out that the lack of an upper ceiling for Bitcoin which sees limitless appreciation fails to make sense to him. He asks, “Would you sell your house for euros that are said to be worth two or three times as much as the dollar?”

Although this represents a risk averse and extremely conservative outlook, it does provoke thoughts pertaining to long term stability of currencies. Marks also shares his other major concern, that the low barriers to entry give rise to many competing transaction systems. Would Bitcoin’s utility as a payment mechanism be hampered if Amazon announced its own? He asks, “Would you rather transact in Bitcoin or Amazonians?”

The Bottom Line on Bitcoin

In the new memo, Marks makes it clear that he advocates for Bitcoin as a currency and warns against “lottery-ticket thinking”, which seduces people towards the cryptocurrency as it offers the possibility of vast wealth. Although some elements or “seeds for a boom” that contributed to past historical economic bubbles are evident in Bitcoin’s surge, Marks emphatically makes it known that none of them make Bitcoin a ‘mistake’. He also mentions that with the existence of tons of cryptocurrencies and the possibility of endless more, the winner will be hard to call.

As evidenced by the hundreds of e-commerce start ups during the tech bubble, most of which ended up worthless, putting all your eggs in one basket might not be the wisest thing to do. Although Marks said that he still considers it a speculative bubble and therefore still doesn’t “feel like putting my money into it”, he also said that he was “willing to be proved wrong.” For such a juggernaut in the field of traditional financial investing, this is as close as anyone can get to singing the praises of the very technology that might be the cause of their own downfall.

What do you think of Howard Marks’ new memo and shift in position on Bitcoin? Do you agree with his bottom line? How would you respond to his apprehensions? Let us know in the comments below.

Images courtesy of Christopher Goodney/Bloomberg

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Zář 10

Kremlin For The Win? Russia To Regulate Cryptocurrency Markets

· September 9, 2017 · 9:00 pm

Russia’s Finance Minister announced the government’s goal of legalizing and regulating the circulation of cryptocurrencies. Unlike China, Russia will not outright ban ICOs as it plans to take full advantage of this new financial technology.

Although a segment within the Russian administration has not given its backing to cryptocurrencies, most of the evidence and recent developments in the country point towards a push from Kremlin to become the world’s most powerful country on the back of its early adoption of artificial intelligence.

‘Securities’ Regulation

Finance Minister Anton Siluanov declared on Friday that the government will regulate cryptocurrencies as securities, telling reporters in Moscow: 

The state certainly understands that cryptocurrencies are a reality, there is no point in prohibiting them. It is possible to regulate them, so the Finance Ministry will draw up a bill by the end of the year.

A law will be drafted by year’s end by Russia’s Finance Ministry to define a procedure for, and register, those willing to buy cryptocurrencies. Just like treasury bonds, these digital currencies will be treated as securities. However, it remained unclear exactly what kinds of cryptocurrency transactions would be subject to federal regulations.

After China decided to outlaw ICOs and close domestic trading cryptocurrency platforms earlier this week, Siluanov said Russia wants to “make investments into such instruments regulated…. We must make an organized market out of the black market.”

Power Struggle? Central Bank vs. Finance Ministry

The Russian central bank has twice criticized cryptocurrencies in the past week, stating that their use was aiding and abetting “illegal activities, including legalization (laundering) of proceeds from crime and financing of terrorism”. Central bank Governor, Elvira Nabiullina, warned against the cryptocurrency “bubble” and likened it to “gold fever”, vowing to prevent its use as “surrogate money”.

Similarly, European Central Bank’s president, Mario Draghi, has rejected a proposal by the Estonian government to launch a state-managed cryptocurrency. The general trend, therefore, seems to be that central bankers are very worried about losing control over the circulation of money. They seem prepared to go to any lengths to prevent the centralized adoption of cryptocurrencies as legal tender, often under the guise of protecting against risks associated with a “stateless and unregulated” technology.

Kremlin’s Push Toward Adopting AI

Putin famously remarked earlier this month:

The future belongs to artificial intelligenceWhoever becomes the leader in this sphere, will become the ruler of the world. 

A string of recent developments clearly demonstrate a conscious effort by the government to fund and create these AI innovations, much of which will be achieved through cryptocurrencies and their underlying blockchain technology. Putin gave his complete backing to the half-Russian founder of Ethereum, Vitalik Buterin, when they met a few months ago to discuss how to increase its local adoption.

Russian Miner Coin, RMC, a company co-owned by Putin’s internet ombudsman, has informed Putin of their plan to raise $100 million to usurp China and make Russia the world’s undisputed leader in cryptocurrency mining. Russia’s National Settlement Depository (NSD) for the Moscow Stock Exchange is already in the process of developing a blockchain platform that aims to build a ledger system to account for crypto-currency trades. 

Various other projects, such as Masterchain, have received a warm embrace from Russian authorities who are looking to get ahead of other countries by getting in the technology game early. Putin has now even called on his country’s IT companies to use Russian domestic software to combat the “high security risks” of ‘foreign’ products.

What do you think about Russia’s decision to regulate cryptocurrencies as securities? Are the central bankers’ worries justified or are they uncalled for? Do you believe Putin can make Russia the strongest power by adopting AI in its nascent stage? Let us know in the comments below.

Images courtesy of Wikimedia Commons, Twitter

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Srp 29

LindaCoin is Trying to Take on The Famous Dogecoin

· August 29, 2017 · 1:03 pm

A new and emerging cryptocurrency called LindaCoin is trying to take on the famous and tongue-n-cheek Dogecoin. 

Lindacoin Takes on Dogecoin

A new cryptocurrency has emerged which is trying to take on Dogecoin. Lindacoin is a new exciting cryptocurrency that is based on the prominent Scrypt algorithm. With its new unique features, the coin is trying to compete with the world-famous cryptocurrency Dogecoin.

LindaCoin is using a hybrid combination of Proof of Work(PoW) and Proof of Stake(PoS) with a 70% pure PoS Block reward phase and an impressive 99% APR. The 2-month old cryptocurrency has a maximum supply of 50 billion coins the cryptocurrency has a stable and growing market cap valuation of over $900,000.

With its unique logo and modern appealing website, LindaCoin is trying to do something different in cryptocurrency space. Some interesting aspects of the LindaCoin cryptocurrency are its unique technological features.

Currently, the LindaCoin wallet is available for Windows, OSX, and Linux.  According to the official Bitcointalk thread, the team is also planning to release a web wallet and mobile wallet for both Android and iOS. With stealth addresses, users are able to send their LindaCoins anonymously and securely. Another interesting feature of the cryptocurrency is the masternodes integration.

Not only do the masternodes allow extremely fast transactions, but they also make sure that the transactions confirm in an instant. And for this reason, masternodes operators are earning 50% of the block awards, which currently is about 32240.42 LINDA.

After recent privacy concerns, many p2p-messaging users are searching for new and alternative ways to message online. The LindaCoin wallet offers a sleek and advanced messaging system that encrypts texts and allows users to send anonymous messages to their contacts.

With its very active and supportive community, the LindaCoin team is hoping to grow their user base and attract more investors to help grow and advance the tech and infrastructure behind the cryptocurrency.

The current long-term goal of the new coin is to effectively compete with the prominent digital cryptocurrency Dogecoin, and actively try to overtake its place on the top-10 cryptocurrency list.

What are your thoughts on LindaCoin? Do you think that it could replace Dogecoin? Let us know in the comments below!

[Disclaimer: This is a sponsored article.]

Images courtesy of LindaCoin, Shutterstock

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Srp 19

Bitcoin Cash (BCH) Value Triples In Less Than Two Days

· August 19, 2017 · 5:00 pm

After hovering around $300 for weeks after its initial fork, Bitcoin Cash (BCH) skyrocketed to triple its value over the last two days.

On August 1, the Bitcoin blockchain forked to little fanfare. Although the new Bitcoin Cash (BCH) token quickly spiked to around $1000 in its opening hours, it soon after tumbled into a stagnant holding level around $300. In the meantime, Bitcoin surged past $4000 and posted all-time highs on a nearly daily basis. The question on everyone’s minds: Sell or hold their BCH?

Now it seems we have our answer. Like a phoenix rising from the ashes, BCH surged past previous highs to over $1000 on Saturday morning. It has since stabilized at $800 and is trading at $788.14 as of press time.

Bitcoin Cash price chart

BCH’s trading volume also recently surpassed that of BTC. CoinMarketCap now shows BCH edging out BTC trading volumes by a margin of roughly 300 million. In the meantime, BTC price has been sliding down, although it has yet to dip below its $4000 benchmark.

Bitcoin Cash vs Bitcoin

The Canary in the Bitcoin Mine

Thanks to Bitcoin Cash’s new price, mining the BCH blockchain is now more profitable than mining legacy BTC. Additionally, block 479,808 on the BCH blockchain will likely adjust the difficulty for BCH mining downwards by 50% sometime this weekend.

Following this adjustment, Bitcoin Cash miners will earn more than double mining BCH than they would legacy BTC. As miners switch to the new blockchain, the increased hashpower and lower transaction fees on the BCH blockchain will likely drive more investors to Bitcoin Cash.

Although profitability on the BCH chain could potentially skyrocket over the weekend, other factors may encourage miners to remain on the BTC chain. For one, miners are paid and extra 1.5 BTC per block on the legacy Bitcoin blockchain, leading to much higher rewards. Additionally, miners earn rewards on the BTC chain much faster than the BCH chain- Bitcoin takes about 17 hours whereas Bitcoin Cash takes about 34 hours.

As South Korea Goes, So Goes The Market

Increased demand from South Korea is also driving up prices. Trading jumped to ten times its previous volume prior to the surge, much of it in South Korean won. In fact, data from CoinMarketCap shows that roughly $2.1 billion of BCH’s $3.5 billion trade volume (around 60%) is coming from just three South Korean exchanges – Bithumb, Coinone, and Korbit.

BCH South Korean market

Analysts previously surmised that increased international tensions between the US and North Korea were the driving factor behind BTC’s rally last week. Caught in the middle of this fiery rhetoric is South Korea, a current hotspot for digital currency trading.

With cryptocurrencies slowly becoming a new (if unlikely) safe haven from government turmoil, there now seems to be a growing connection between crypto trading and regional turmoil.

This was previously demonstrated in Africa, particularly in Nigeria, where the nairi lost nearly 40% of its value overnight due to crashing oil prices. Google Trends showed increased interest in Bitcoin immediately following the crash, indicating an interest from Nigerian citizens in moving their money to a safer reserve currency.

This is also now being fully demonstrated in Venezuela, which is currently undergoing a sheer economic apocalypse. Prices for consumer goods in the South American country have skyrocketed a whopping 741% from early 2016 to early 2017. Venezuelan online travel agency Destinia will now only accept Bitcoin for payment citing “increasing restrictions” and economic woes in the country.

Do you think a new “flippening” is in the making? Will BCH overtake BTC in the near future? Tell us your predictions in the comments below.

Images courtesy of CoinMarketCap, Bloomberg

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Srp 15

As Bullish Bitcoin Barrels Past $4,000 Standpoint’s Ronnie Moas Raises Year End Forecast to $7,500

· August 15, 2017 · 2:00 pm

Having boldly called Bitcoin to reach $5,000 per coin by the end of the year, renowned stock picker and founder of Standpoint Research Ronnie Moas has had to re-evaluate his prediction as the digital currency hurtles towards that figure halfway through August.

In the wake of Bitcoin’s record-breaking rise in value during the first half of this year, Moas has had to re-evaluate his prediction and has raised his target to $7,500 as the likely price for the cryptocurrency to reach by years end. The new target, a 50 percent increase over his previous predictioncame about after Bitcoin hurtled past $4,000 last week.

The Floodgates are Opened

The Floodgates are Opened

Moas, the founder of Standpoint Research, says that there will be an influx of big, traditional investment money that will be driving the next surge towards the year’s end. In an interview with CNBC, Moas said:

What’s happening is the floodgates are opening. I believe there are hedge funds and very deep-pocketed individuals going into this now, really hundreds of millions of dollars

Moas told his clients that his expectation is that Bitcoin can still rise another 80 percent from its current record breaking high by the end of the year. Furthermore, he has also re-evaluated his 10-year prediction and now sees Bitcoin rising to a whopping $50,000 by 2027 – a 28 percent annual compounded growth rate.

Traditional Investors are Taking Note

Having always been involved, successfully, in traditional stocks, Moas now sees these traditional investors exploring cryptocurrencies, bringing with them loads of capital. Moas sees digital currencies becoming part of strategic reserves and asset allocation models in the near future.

“You can’t look at this as a normal situation,” he said. “We’re in an industry that will probably go from $140 billion to $2 trillion and the Bitcoin price will probably move with that.”

True Believer

True Believer

Moas is a true advocate of Bitcoin, having stated before that 100 percent of his investments are in digital currencies, with the majority in Bitcoin and Ethereum. In the past, he would never invest in any of the stocks he picked, regardless of their success.

Moas has lofty ideas as to where cryptocurrencies can go, and instead of seeing a bubble about to pop, the stock picker believes it is just the start.

In a note to his clients on Monday, Moas wrote:

Any way that I look at these numbers, my forecasts are looking conservative. It looks to me as though we are at the same point in the adoption curve as we were in 1995 when we went from one million internet users to ten million. The following year the Netscape browser came online and we went from 10 million users to hundreds of millions of users overnight.

I expect that within a couple of years we will have between 50 and 100 million cryptocurrency users — up from approximately ~10 million today. We only have 0.15% market penetration right now — if that goes to 2 percent or 3 percent we will get to the $50,000 price target that I set in July.

Are these figures too high? Can Bitcoin really become such a valuable asset over time? Let us know in the comments below!

Images courtesy of Wikimedia Commons, AdobeStock

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Srp 13

Legendary Investor Howard Marks Admits ‘I Don’t Understand What’s Behind Bitcoin’

· August 13, 2017 · 4:00 pm

After calling Bitcoin a ‘fad’ and a ‘pyramid scheme’ the man who called the dot com bubble has admitted that he does not understand what is driving the value of Bitcoin, which keeps rising seemingly unhindered.

While many, including traditional investors, come around to Bitcoin and get on board with the digital currency that keeps breaking records in terms of its value, some are still stubbornly skeptical, and a little confused.

Where is the Value?

Howard Marks, the billionaire investor who made his name on Wall Street from calling some major investment bubbles, including the Dotcom bubble, said on CNBC’s Fast Money Halftime Report that he can’t figure out the actual value of Bitcoin.

Speaking about this new-age currency, Marks said:

It’s not a medium of exchange, it’s a medium of trading, so I can’t see any intrinsic value, I don’t understand what’s behind Bitcoin.

He later added:

For me, there is only one kind of investing: When you look at something, you don’t think, ‘Is it going up or down tomorrow?’ … You say, ‘What is the intrinsic value?’ and then you say, ‘Can I buy it for less? […] There is no intrinsic value in Bitcoin.

Value of Bitcoin tops $4000

Value Keeps on Rising

Despite this doyen of traditional investing stating that there is no intrinsic value to the most famous digital currency, its value recently topped $4,000. As such, there are very few assets in the world that can even come close.

Fundstrat co-founder Tom Lee, CEO of Ritholtz Wealth Management Josh Brown as well as another investing legend Bill Miller, are all in the opposite camp of Marks’ as they have thrown their full support behind this up and coming skyrocketing asset.

Lee believes it will be the top performing asset at the end of the year while Miller has said that he is the proud owner of Bitcoin.

Don't get left behind

Left Behind

Marks was happy to concede on the show that perhaps the digital currency was a technology and an asset that he was simply too old to understand.

“Maybe I’m just too old and too much of a dinosaur to understand Bitcoin,” Marks said jokingly.

However, Marks has still been bold enough to compare Bitcoin to other bubbles that have gone back as far as the 1900 Tulip mania in the Netherlands. It is through his popular memos that the former Oaktree Capital co-chairman warned about a crash in Bitcoin.

Should people worry about what these traditional investors think? Is Bitcoin breaking the mold and setting its own precedents? Let us know in the comments below!

Images courtesy of CoinMarketCap, Shutterstock, Thomas Lee/Bloomberg

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Srp 08

Unregulated Bitcoin ‘Wild West’ Gives Rise to Spoofy

· August 8, 2017 · 5:30 pm

Spoof orders, illegal on financially regulated markets, are on the rise and being exploited on largely unregulated Bitcoin and cryptocurrency markets. Demonstrable instances, perpetrated by a group or individual known as Spoofy, have occurred on Bitfinex and GDAX.

Spoof orders, or placed market trade orders that are not actually intended to be executed, are part of the rampant manipulation of traders on cryptocurrency exchanges. Trading into your own buy or sells is also illegal in the regulated financial markets, and it is suspected that this behavior has become more rampant in order to help Bitcoin price manipulators cut potential loses from their dubious activities. They also serve to sway trader behavior with massive sell and buy walls which are suggested to be the work of an individual or group, perhaps even the exchanges themselves going under the pseudonym of Spoofy.

Spoof Trading Ruled Illegal On Traditional Exchanges

Spoof Trading Ruled Illegal On Traditional Exchanges

With trading bots and API access to exchanges providing all the data needed for a coordinated manipulator, it isn’t a question of “is someone doing it?” so much as “who is doing it?”. Cases have been brought to light and prosecuted in the traditional stock markets, such as when Navinder Sarao pleaded guilty to spoofing offenses.

Using an automated trading program, or bot, Navinder’s actions contributed to the 2010 stock market flash crash. Then there is Michael Coscia who used a flood of small orders before canceling them to manipulate other traders. During Coscia’s trial, assistant US attorney Sunil Harjani said:

Traders contemplating sophisticated scams will think twice if they know that there are more significant consequences than a civil lawsuit or a regulatory action. […] Hedge funds and proprietary trading firms will closely review their trades, and strike down get-rich-quick manipulation trading schemes because the cost is not worth the benefit.

Is Spoofy Real? Evidence Seems to Point to ‘Yes’

BitCrypto’ed provides plenty of evidence on the Hackernoon website on market manipulation (including the video above), alleging that the trade spoofing activity is primarily carried out on the Bitfinex exchange. According to the investigation, Spoofy is either an individual or group, but certainly a coordinated entity with an unrivaled amount of money to influence the market.

Laying out all of the evidence, BitCrypto’ed writes:

Spoofy makes the price go up when he wants it to go up, and Spoofy makes the price go down when he wants it to go down…And he’s got the coin… both USD, and bitcoin, of course, to pull it off, and with impunity on Bitfinex.

Marketwatch’s Shawn Langolois, who appears to agree with BitCrypto’ed, further clarifies:

If Spoofy places a large buy order that entices smaller traders to hop aboard, he can turn around and instead use the uptick to execute a sell order.

Not Everyone Believes

Not Everyone Believes

No matter the evidence, however, there are still plenty of people who have yet to be convinced that a single person or entity could possibly be the sole driving force behind Bitcoin’s price.

Whether or not Spoofy is real, the practice of spoofing is very real and is already common enough to warrant rulings against it in the traditional stock market. Largely unregulated, cryptocurrency markets are still very much the “wild west” frontier of finance, a reputation hard to dismiss as exchanges and owners disappear or get arrested with alarming frequency. The same lack of regulation that makes cryptocurrency so attractive to many is also what allows modern day Butch Cassidys and James Gangs to get away with their misbegotten deeds.

Do you believe in Spoofy? Is he just a ghost story whispered of by grizzled traders? Let us know in the comments below.

Images and video courtesy of AdobeStock, Hackernoon

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Srp 05

We Have Liftoff: Bitcoin Price Rockets Past $3000 Record High

· August 5, 2017 · 11:30 am

Bitcoin’s price reached historic new highs at $3230 late last night, while Bitcoin Cash settled below $300.

Enthusiasm has finally picked back up amidst the volatility following August 1’s hard fork, and Bitcoin has a brand new price tag to show for it. Bitcoin shattered its previous record high of $3000 last night, while Bitcoin Cash took another haircut and has settled at around $285.

The 3k price represents a notorious resistance level for Bitcoin, one which infamously ended BTC’s previous bull run in mid-June. BTC’s price had just barely grazed the 3k level before a massive sell-off sent it plummeting to around $2,500 in one of the currency’s largest single day losses.

Bitcoin price chart - CryptoCompare BTC index

Since then, many have waited for Bitcoin to return to its previous highs as prices stubbornly hovered around the mid-2k range for much of June and July. Market volatility leading up to the August 1 UASF activation drove it down even further below $2000 before SegWit2x signaling finally restored prices to around $2600 in mid-July.

BCH Down, Other Cryptos Up

On the other hand, Bitcoin Cash (BCC/BCH) took another hit last night as BTC climbed. Although BCH launched at $200 and then skyrocketed to $1000 quickly after the fork, it has since been slowly losing value in its first six days of trading. It lost just over 20% value in the past 24 hours of trading.

Many have already pointed out that BCH’s inflated price was a result of being unable to withdraw BCH funds from various wallets and exchanges, leading to low market liquidity. Once these issues were resolved and trading re-commenced, however, the price plummeted to around $400 and has since continued to dip.

Regardless, it appears that things have been going well for traders who held on to both coins. Although many traders reaped large profits from selling off their BCH while prices were high, both coins’ combined value is now just under $3500. It remains to be seen if BCH’s price will dip further before stabilizing.

Other cryptocurrencies are also faring well during this new boom. Ethereum is recovering previous losses and is now roughly $238. Litecoin shot up from $43 to $46 and is currently holding there. Ripple prices have also just recently spiked to $0.185, up from $0.175 last night.

Bitcoin Cash price chart - CryptoCompare BCH index

A Milestone for Bitcoin

BTC’s new price marks a historic moment for users of the digital currency, who have waited with baited breath to see the outcome of August 1. Many have long awaited a resolution to the contentious scaling debates which have dogged the community for months.

Although Bitcoin’s scaling issues are by no means over (there’s still the 2x part to implement in November), for now, users can breathe a collective sigh of relief that Bitcoin is now sailing in smoother waters.

Do you think Bitcoin’s prices will stay above $3000? Did you hold both your BTC and BCH, or have you dumped either coin yet? Let us know in the comments below.

Images courtesy of CryptoCompare, Twitter

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Čvc 25

Crypviser’s CVCoin Trades on OpenLedger; Bigger Exchanges Coming

· July 25, 2017 · 1:00 pm

Crypviser has recently finished the token distribution process, allowing the CVCoin token to be traded on the OpenLedger Decentralized Exchange. Plans for centralized exchanges have also been revealed.

Crypviser CVCoin ICO

Crypviser, CVCoin and the ICO

Online privacy is one of the most pressing issues of today’s internet. Although access to privacy-oriented tools continues to improve over time, other applications that do not focus on privacy often present themselves as a more intuitive alternative. Blockchain technology has been on the fringe of financial privacy and now, thanks to the Crypviser project, it may play an important in communications privacy and its mainstream adoption.

Focusing on privacy and end-to-end message encryption, Crypviser is leveraging the advantages provided by the blockchain technology to create an all-in-one network for secure social and business communications. The platform’s native token, CVCoin, will be required in order to interact with the communications platform and for in-chat payments.

CrypViser: Secure Communications

Following a successful Initial Coin Offering (ICO) period, he token distribution process has been completed with campaign participants receiving their CVCoins in the form of a Bitshares-based asset. A previous Facebook post made by the team explains why the BTS blockchain was chosen:

Crypviser chose the Bitshares platform powered by OpenLedger based on its key features, which match Crypvisers technical requirements and ideology. The Bitshares platform is one of the most powerful, secure and scalable blockchain networks available today.

The team has also released some ICO statistics that show just how popular privacy tools can be. The campaign gathered over $3.4 Million in several cryptocurrencies and distributed 5.5 Million CVCoin tokens to roughly 3000 unique investors. Since then, the Crypviser community has grown at an outstanding speed and currently counts with more than 8000 members in various multi-lingual sub communities.

Bitshares & Openledger

Since the Crypviser network will use the Bitshares blockchain, the CVCoin can be freely traded with no counterparty risk on the OpenLedger decentralized exchange. The Facebook post reads:

The Crypviser team believes that the future of exchanges and trade platforms in decentralized blockhchain world belongs the decentralized exchanges.

Although trading hasn’t been officially announced by the Crypviser team, trades are already taking place within the OpenLedger exchange. The team has warned that the prices seen on these “pre-markets” may not reflect the real market price of the CVCoin token, given their low volume and the lack of availability on traditional platforms.

What is next for Crypviser?

What is next for Crypviser?

With the CVCoin token distributed to ICO participants, Crypviser moves on to the next stages of development, including getting the token listed on traditional exchanges. Although the CVCoin is available on the OpenLedger DEX, Crypviser announced a plan which involves starting with the bigger exchanges like Bittrex, Poloniex and Kraken, and moving on to smaller markets like C-CEX and others.

Crypviser will also commence the development of their own wallet which will provide token holders with an intuitive interface for token interaction. Along with the development of a new wallet, they will also launch an official website for the project and the CrypNews media channel, a platform that will feature the latest news in the world of Blockchain Tech & Cryptography.

Further down the line, the team will release an early Alfa version of the Crypvise App for social communication which will be available for to CVCoin ICO early bird participants.

Can Crypviser help shape the future of online privacy? Let us know what you think in the comment section.

Images courtesy of

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Čvc 20

Tick-Tick-Boom! The Explosive Rise of the ICO

· July 20, 2017 · 4:30 pm

Over $1.3 billion has been raised so far this year through Initial Coin Offerings (ICOs). Almost half of that has come in the last month alone. Ex-Ethereum-CEO, Charles Hoskinson, recently described today’s digital coin market as a “ticking time bomb”. So what exactly is going on? Who are the winners and losers in all this? And most importantly, are we ‘in’ or ‘out’?

I see… Oh!

Initial coin offerings are currently everywhere. If I threw a tennis ball out of my fourth story window it would bounce off at least six ICOs before it got to the ground. The popularity and success of Bitcoin, Ethereum, et al., have investors moist with anticipation at getting their hands on the latest crypto-token. But how many of them understand what exactly the latest crypto-token is?

In truth, the majority of ICOs at the moment are being used to crowdfund virtually any half-arsed tech-project running on a blockchain. If it has a blockchain (or will have a blockchain), you can issue a token (or have a pre-sale of the tokens). Hence, you can raise the funds so desperately needed to complete/start your project (or create/buy that blockchain).

Yes, as an investor, you ostensibly have a new crypto-coin, but it’s not a million miles away from buying shares in a stranger’s startup.

But if the value goes up...

But if the value goes up…

Congratulations, you’re today’s big winner! Well, maybe not the big winner. The company whose project you funded are the big winners. You can bet they have far more of their freshly minted crypto-coins than you do. But you made money, so who cares?

The co-founder of Ethereum cares. Speaking to Bloomberg this week, he said

People say ICOs are great for ethereum because, look at the price, but it’s a ticking time-bomb… People are blinded by fast and easy money.

That’s almost as rich as he must be! Bear in mind that an awful lot of these coins are built on the back of the Ethereum network he helped develop, and helped along by that, the price of (his) Ether went from $8 to $400.

So Who's the Loser?

So Who’s the Loser?

Americans. Digital coin sale regulations in the US are unclear, so many ICOs officially prohibit U.S. residents from participating. Companies don’t want to be risk being accountable to the U.S. Securities and Exchange Commission, in case investors lose money.

Everyone’s afraid of the SEC. They can reach anyone in the world.
– William Mougayar, author of ‘The Business Blockchain’

But I’m not from the U.S… So, am I ‘in’ or ‘out’?

At the moment I have to say “In”… cautiously. Do your research, obviously! Don’t just jump like a grasshopper at the next ICO my tennis ball bounces off. There are some bad people out there in the world who just want to take away what you have… But you knew that, right?

By the same token (hah!) there are also some fantastic investment opportunities.

Yes, every bubble has to deflate (except maybe Bubbalicious?), and sooner or later it is almost certain that the bony fingers of regulation will be on their way, but ICOs aren’t going anywhere.

Brad Garlinghouse, CEO of Ripple, stated:

Regardless of regulation ICOs is here to stay. After it collapses they’re going to pick up the pieces and say how do we do things differently.

As we speak, people are making several fists full of dollars, and I see no reason why we shouldn’t be one (or more) of them.

So let’s make hay while the sun shines.

Is the ICO a ‘ticking time bomb’ or is it sustainable? Let us know what you think in the comments below.

Images courtesy of Shutterstock

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