Říj 19

Vanbex Group Adds to Executive Team for Next Phase of Growth

Source: bitcoin

boardroom

VANCOUVER, British Columbia — The Vanbex Group is proud to announce the addition of Kip Warner and Gregg Jensen to the company’s executive team. Warner will lend his expertise as new director of engineering, while Jensen will serve as the company’s chief financial officer (CFO).

Disclaimer: This is a press release.

Vanbex Group Hires New Director of Engineering, CFO

Warner is a senior software engineer with more than ten years of industry experience providing engineering services to Google, Mozilla, DTS and Wells Fargo. His technology was featured at CES 2015, a global consumer electronics and consumer technology tradeshow that takes place every January in Las Vegas.

Warner’s work was also used to recover data from the first successful mission to the surface of Mars, which is cited by NASA’s Jet Propulsion Laboratory. Warner holds a Bachelor of Science in Computational Intelligence & Design (Artificial Intelligence) from the University of British Columbia and held an officer’s commission for four years in the Royal Canadian Infantry Corps.

“I am thrilled to assume my new leadership role at Vanbex Group where I will drive our expansion from the company’s current activities into those of an engineering company through cutting edge research and development,” said Warner. “We are tackling some ambitious problems which is why I am excited to build and lead the engineering team that will solve them.”

Jensen is a business and finance professional with more than 15 years of experience providing business management in the mining, engineering, capital markets and technology fields. Most recently, Jensen was CEO of a junior fertilizer company working on developing properties in South America. He previously worked as senior finance executive to several startup and junior companies.

“I’m excited to join Vanbex and to work with the rest of the team while we work towards creating revolutionary products that utilize the latest in blockchain technology,” said Jensen. “Vanbex has a promising future and I am glad to be part of that growth.”

Kevin Hobbs, CEO at Vanbex Group, said, “Warner and Jensen will be valuable assets to Vanbex, helping us provide the most technologically sound products and services. We know they will provide Vanbex with great guidance through this next phase of growth.”

Established in 2013 as a strategic consulting firm to better tell the story of digital currency and blockchain-­based companies, Vanbex has since evolved into a blockchain-based products and services firm, specializing in all aspects of the industry. Visit Vanbex.com.


Images courtesy of Business Roundtable, Vanbex Group.

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Vanbex Group Adds to Executive Team for Next Phase of Growth

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Říj 18

Vanbex Founder Lisa Cheng a Panelist at VanFUNDING 2016 in Vancouver

Source: bitcoin

Vanbex Founder Lisa Cheng a Panelist at VanFUNDING 2016 in Vancouver

VANCOUVER, British Columbia — The VanFUNDING 2016 conference is being held today (Oct. 18) at The Imperial on 319 Main Street where Vanbex Group founder and president Lisa Cheng will be a panelist.

Disclaimer: This is a press release.

Vanbex Founder Lisa Cheng to Speak at Vancouver Fintech Conference

Lisa Cheng, Vanbex founder

Director of the National Crowdfunding Association of Canada, Craig Asano, said the event is about connecting innovators and key stakeholders in the financial technology and crowdfunding ecosystem in Western Canada and the Pacific North, to help startups and scale-ups accelerate access to capital to grow their ventures.

“Education and awareness are the greatest roadblocks to realizing the full potential of the crowdfunding industry,” said Asano. “Canada cannot be left behind other countries that are innovating in this sector and reaping great economic benefits and job creation.”

Cheng will discuss Initial Coin Offerings (“ICOs”), the popular method of fundraising in the cryptographic currency and blockchain community, and will join other respected names from various areas of the finance and financial technology industries.

“VanFunding is a great opportunity to highlight the work Vanbex has done in the crypto-crowdfunding space,” said Cheng. “To date Vanbex has helped over 30 companies raise more than $20 million and we’re excited about the potential of the crowdfunding model and the capacity it has to help innovative companies grow faster.”

The one-day event starts at 7:30 a.m. and will run until 7 p.m. Throughout the day, attendees will listen to presentations and panels that span 23 different sessions, covering topics such as crowdfunding, research and innovation.

Cheng’s panel is scheduled to start at 11:35 a.m., and is titled “Investing in Fintech Ecosystems: New Pipes, New Plumbing, New Game…Old Principles.” She will be joined by representatives from Varshney Capital Corp. and the VANTEC Angel Network.

Visit vanfundingconf.ca for more information on the event.

About Vanbex Group
Established in 2013 as a strategic consulting firm to better tell the story of digital currency and blockchain-­based companies, Vanbex has since evolved into a blockchain-based products and services firm, specializing in all aspects of the industry. Visit Vanbex.com.

 

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Vanbex Founder Lisa Cheng a Panelist at VanFUNDING 2016 in Vancouver

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Dub 28

BitcoinAverage: The Evolution of an Index

Source: bitcoin

bitcoinaverage

Meet BitcoinAverage, the world’s first and premier price index for Bitcoin.

This article was provided by the Vanbex Group.

“There was no funding involved, it was created initially … as a hobby. I wanted to provide it to the community to do my part for bitcoin,” said Shaun Gilchrist, founder and CEO at BitcoinAverage, whose Global Bitcoin Price Index (GBX) was the first of its kind in the industry and is still the most widely used price source for the cryptocurrency.

“There was truly no goal to monetise the project, it was open source and even access to the application program interface (API) was completely free, three years later, it still is.” Gilchrist added.

But under expressed demand the industry-leading system is set to kick off with pioneering changes including major upgrades to its system, soon.

Hardened investors to hobbyist users of Bitcoin will find these newest developments as exciting prospects for the data-driven side of the ecosystem.

They may also seem like predictable innovations for the world’s most valuable, yet volatile, cryptocurrency. Yet, as simple as the goal may appear, creating an index for a decentralized, globally used and traded cryptocurrency, involves substantial forethought and ingenuity, especially to travel from selfless dedication to an unparalleled index architecture.

It also looks as if BitcoinAverage is poised to sustain itself as the industry frontrunner and secure the status as the de facto index choice for Bitcoin users, traders, investors and more.

BitcoinAverage: An Evolving System

BitcoinAverage is the first aggregated bitcoin price index, launched in August 2013.

Gilchrist explained, he initially wanted to know the difference in markets to better gauge potential profits for off-exchange trading and the brokering of trades, which was taking off in the U.K. around that time.

After successfully creating a simple script in 2012 to compare the premium of the British Pound market to the US dollar, Gilchrist recognized the data may be well received by others. The price index was soon released as an open source and the journey of BitcoinAverage began, with thousands of monthly users soon taking to the earliest iteration of the system.

The company’s data extends as far back as 2010, encompassing a volume that surpasses key competitors. But it’s not just breadth and back-end programming. The index is also highly approachable, as it is comprehensive, from a front-end user perspective.

The layout has grown into a less clunky interface than other indices. The display contains easily legible data with a more than adequate colour contrast important for those that spend hours researching and analyzing data in single sittings.

Further, the currency and commodity options abound. Including USD, EUR, CNY, GBP and CAD options, the global index consists of over 165 currencies to Gilchrist’s estimation. The wide accessibility to fiat currencies and commodities provides an additional layer of relevance on a global scale, especially important for a cryptocurrency that extends beyond any one set of borders.

There were some initial pains, however, and to some extent those same inflictions remain today.

“In the early days [we] were coping with the frequent issues with exchanges, their API’s uptimes, and the fact that one could just disappear overnight!” Gilchrist exclaimed.

 Though the experience, the volatile nature of the industry, Gilchrist labelled as necessary learning curves and asserts adaptation to market conditions is a continuous endeavour for the London-based index.

BitcoinAverage also seeks to address in its latest evolution 0% fee exchanges, which its current system ignores entirely. The reason being, users can trade on the exchange for free with an unlimited base on a very tiny spread. The increased volume, sometimes exponentially, can skew the average on a weighted average price which is what BitcoinAverage currently supplies.

“We have rewritten our whole backend from scratch,” said Gilchrist. “A major decision for any software provider.”

The upcoming launch of its latest API, which has recently been released in a closed beta to allow testing and feedback before product finalization, means BitcoinAverage is closing in on its next evolutionary step: Scalability for the needs of enterprise, even at the largest of scales.

The new interface will be bundled with an updated front-end, offering customization and tailored programming to provide real-time, by-the-second updates, data points from exchanges all over the world, and the capability to adapt and adjust those indices to even the most idiosyncratic needs.

The changes underway will usher in the most advanced, comprehensive Bitcoin price index to date with pioneering features that push the system well beyond capabilities of competitor indices.

The only true obstacle is Bitcoin’s ability to sustain and outlast the various fronts it’s itself up against.

Hooked on Potential

“I have been a ‘bitcoiner’ myself since 2010,” said Gilchrist. “It was mentioned to me by a developer, and from the first few weeks of research, toying with mining, et cetera, I was hooked on its potential.”

Potential is the key word. It speaks to the core necessity of a pricing index, for Bitcoin or any other commodity.

The cryptocurrency, while commanding over $6 billion USD in market capitalization today, is a young asset class.

And granted stability in price has existed in recent months, since January, the cryptocurrency remains subject to volatility for a myriad of factors, in particular the gradual rate of adoption and its perceived store of value, which is tantamount to the consideration offered gold rather than a definitive fiat currency.

Further complicating the asset class is the range of exchanges worldwide, which involves a unique array of fees, rates and policies — perhaps shaped by the country the exchange is based in — that, in the end, can affect the bottom-line for users, traders or investors.

This is where the core value of a system like BitcoinAverage’s shines through.

Supplying a weighted average that incorporates over four dozen of the world’s exchanges, with 0% fee exchanges soon to be included, access to the widest variety of currency markets available among indices, there’s no better method of gauging the potential swings of the prone-to-volatility cryptocurrency.

And with billions of dollars at stake such a system is invaluable.

Develop or Disappear

“I believe being the first to produce something is a great advantage in many areas,” Gilchrist said in relation to Bitcoin’s ability to subsist.

“Will that be enough on its own? I’m not sure. I put my faith in the developers. I think at this stage, regardless of things like regulations, it’s in their hands.”

In similar stride is BitcoinAverage.

Gilchrist’s company is inching closer to morphing the basement-based hobby turned three-year open source project into a viable business. With that, the three-year-old system steps closer to becoming the generally accepted, go-to price index for Bitcoin.

Such triumph, however, rests on BitcoinAverage’s development team. Gilchrist assures there will be more on that front, along with progress already made, in the weeks to come.

Let’s just hope the cryptocurrency itself can too push onward in positive fashion and reach heights it once grasped in 2013, back when BitcoinAverage was just a nascent endeavor.


Images courtesy of BitcoinAverage.

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Dub 24

BitcoinAverage: Bitcoin Price Stirs Up Bullish Sentiment

Source: bitcoin

Financial Markets

Apr. 11 – 19, 2016 — Over the week of Apr. 11 – 19, the bitcoin price showed early signs of a bullish renewal. The price moved up steadily, +3.6%, on an Apr. 16 high of $435.67 registered at bitcoinaverage.com.

This article was provided by the Vanbex Group on behalf of BitcoinAverage.

This is the highest mark since Mar. 1, which must have excited traders with the prospect of a continuation bull trend that began on September 7.

But, there remains a sense of caution with market analysts awaiting a retest of levels to confirm support for an uptrend.

A user on Reddit said:

“The only thing that gives me any pause in my bullishness is the utterly irrational exuberance I feel right now given the shape of the chart on a wide variety of timescales.”

The last time the price was at these levels, which was on Mar. 1, it was preceded by a sell-off to $382, but the price quickly retraced to trade within a range.

As seen on this chart, the upper and lower limits touched $423 and $427, breaking strongly above $423 on Apr. 14 (encircled), a clear sign of intent.

This time, it was markedly different from a similar attempt on Mar. 26 that faltered just below $428, making this week’s breakout not one to be easily brushed away.

 

On the 3d chart on bitcoinaverage.com, the marginal price changes on lower time frames are difficult to pick out.

Price is still largely in a sideways trend, evidenced by the lowest 30-day volatility in history and currently tied for second on the 60-day chart, 0.74% and 1.31% estimates, respectively.

$440, marked by a bold line, is the most significant level now, as a support/resistance level going back to December 2015.

It is no coincidence that price stalled right below this level, and continues to correct lower. As of writing this, the price sits at $429.

 

Speculators point to the pattern above from the three-day charge, a pennant symmetrical triangle.

Bulls say it is a continuation pattern within the overall trend from the Aug. 24 $198-low. The apex point, where a breakout is expected, is yet to converge as the price lingered between the lower sloping trendline and upper sloping support line.

There has been no confirmation break out, just more sideways action, albeit on a wider range, and this may persist till May.

 

The market is at a critical point, sitting on top of a 20-month resistance level at $400 (1).

Back in August to November 2014 (2), the price was unable to break back above it after an accelerated sell off to $275. A double top rejection preceded a continued bear trend.

At (3) this level is being retested, this time from the bottom. Since November 2015, the price has oscillated around this mark, fueling current uncertainty.

If this level holds, an upward run would follow with a magnitude as large as the sell-off in November 2014. Pricing targets for this scenario sit around, at very least, $650.

 

 

Bitcoin Price Forecast

This week, the price will continue on its retracement from $435 top, down to a support, as low as $420.

This price is low enough to respect the higher lows on the rising trendline, while still respecting the critical $423 as support for a continued uptrend.

The best case scenario is a $425 hold with a renewed uptrend taking over.

Nevertheless, Bitcoin looks bullish over the coming months.

The triangle pattern highlighted is a high probability continuation pattern, and it is now a matter of waiting it out.

The question is how long it will take to pop and when. Price has been stable on the price range since January and volatility is down. It is at a good level for a launch pad to higher marks.

The fundamentals around the bitcoin protocol are better than they were three months ago.

Core is making progress on Segregated Witness, an alternative soft fork approach to increase block capacity. News from China suggests miners are backing Core as well, while Bitcoin Classic, a hardfork capacity increase, has all but faltered.

With the block reward halving around the corner, everything looks ripe for another leg-up.

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BitcoinAverage: Bitcoin Price Stirs Up Bullish Sentiment

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