Lis 18

Switzerland Approves First Bitcoin-Cryptocurrency ETF with Ticker $HODL

The Bitcoin ETF $HODL, offered by Amun Crypto, will begin trading on Switzerland’s Six Swiss Exchange beginning next week. The ETF’s earnings will be linked to five different cryptocurrencies.


The ETF is being offered by Amun Crypto, a U.K. based fintech company. It will begin trading on Six Swiss Exchange next week. Six is Switzerland’s chief stock exchange, as well as the fourth largest in Europe.

According to the Financial Times, the ETF “[…] has been designed to track an index based on the movements of five leading cryptocurrencies.”

Roughly half (48%) of the ETF’s assets will be invested in Bitcoin (BTC) 00. The rest will be put towards bitcoin cash, XRP (30%), ethereum, and litecoin.

New Kid On the Block

Financial Times‘ writer Matt Flood notes that the ETF has been crafted in close accordance with the standards expected from traditional exchange-traded funds. This is according Hany Rashwan, Amun’s top executive.

Rashwan describes the aims of the ETF:

The Amun ETP will give institutional investors that are restricted to investing only in securities or do not want to set up custody for digital assets exposure to cryptocurrencies. It will also provide access for retail investors that currently have no access to crypto exchanges due to local regulatory impediments

The Times reports that while competitors like CoinShares and Grayscale exist, they differ in legal form, whilst only being linked to one cryptocurrency. Seeding for the ETF will be fostered by Jane Street and Flow Traders, and it will trade using the ticker $HODL.

The Financial Times highlights the ETF’s arrival amid the lowest drop in BTC price 00 in over a year. The ETF is has been particularly the source of much hype in the cryptocurrency space. An exchange-traded fund product is expected to facilitate institutional buying of bitcoin.

Switzerland seems to be perpetually fixed in the crypto news cycle whether its happenings in Crypto Valley or the present ETF. Progress seems to abound.

In October, Bitcoinist reported on Crypto AG’s recently-granted cryptocurrency asset management license. A month earlier, Bitcoinist also wrote on Switzerland’s status as a top global Bitcoin destination.

What are your thoughts on the Bitcoin ETF $HODL? Share your thoughts below!


Images and media courtesy of Shutterstock, Twitter (@boscryptocnn, @MANT121266), YouTube (ThinkCrypto).

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Lis 17

One Cryptocurrency to HODL, Two to FODL (YOYO, BCHABC, BCHSV)

Forks can be beneficial to the cryptocurrency space. This is specifically true when they add desired attributes to underlying cryptocurrencies. In many instances, forks do not bring any benefit but are the result of infighting.


Cryptocurrency Chaos: BCHSV and BCHABC

Cryptocurrencies dealing with infighting and hash wars should be avoided while coins reaching milestones with tiny market caps should be accumulated. Following this logic, both Bitcoin Cash forks should be sold, while the project YOYO deserves major recognition. YOYO is a HODL, while BCHSV and BCHABC are both immediate FODLs.

“BTC is the new stable coin,” was the resounding statement the prior month. Right as the entire cryptocurrency market expected stability from the market leader it lost more than 10 percent in under 48 hours. Many speculated about the reasoning but it seems fairly clear to those who did a little investigating.

Bitcoin Price Analysis: Will Bitcoin Bite Back?

The Bitcoin Cash [BCH] 00 fork sent the market into a tailspin this week. Now that the BCH fork has concluded it seems the same fork that created market panic has demonstrated bullish market signals.

Let’s start with the lovely ticker symbols: BCHSV and BCHABC.

Bitcoin Cash price technical analysis BCH

How can anyone take someone seriously when they claim “BCHABC is the original BTC.” The sentence is almost laughable. When the parties that tore BTC apart were working in tandem to try to be the ‘original BTC’ they had a chance. Albeit a small chance, one that existed. Now having forked their fork, neither Bitcoin maximalist nor novice cryptocurrency trader will believe BCHSV or BCHABC is the “original bitcoin.”

Could either be a possible winner regarding a short-term trade? Sure, however, regarding long-term utility, neither solves a problem BTC 00 has not already resolved, and neither have communities like the original BTC.

With discussions raging regarding a hash war between the two new BCH chains, it seems like neither is the ‘right’ choice in the short term.

To capitalize on the market rebound that is likely to occur from this week’s overcorrection small caps on the largest exchanges should be targeted.

A cryptocurrency that clearly meets most investors guidelines with a tiny market cap on major exchanges is YOYO.

YOYO (YOYOW)

 YOYO, is a clever acronym for “You Own Your Own Words.” YOYOW trades under the ticker symbol YOYO 00. The concept behind YOYO is very simple; you own what you create. The content a user creates deserves to be rewarded.

What makes YOYO a unique acquisition target, especially during this week’s correction are multiple things:

  1. Confirmation speeds of 3 seconds compared to BTC’s 10 minutes.
  2. A throughput of more than 3,000 transactions per second.
  3. The first blockchain authorization login.
  4. Network governance for token holders.
  5. The total circulating supply is equal to the total supply.
    1. This means all coins are in circulation and the team is unlikely to be able to ‘dump’ on the market during major price shifts.
  6. The market cap is under $7.5 million and is traded on multiple Top 5 exchanges.
  7. 2018 Q3: Dapps were integrated.
  8. 2018 Q4: Token Feature Optimization, Authorization Feature, Lockup Feature, and Dividend.
  9. 2019 Q1: Enable Content Rewards.

Finbitex

There are almost 10 reasons that make YOYO a short-term acquisition target as they roll out their content rewards at the beginning of next quarter. Confirmation speeds of just seconds mean your cryptocurrency can be sent anywhere and received before a sentence can be completed. Being able to process 3,000 transactions per second means as a payment for content provider they will be well ahead of the curve.

YOYO intends to be the first blockchain with authorization login. This feature will separate YOYO from the majority of other similar content platforms. Those who hold tokens of any cryptocurrency appreciate being able to help govern the platform, this attribute will be implemented for YOYO imminently.

The market cap of YOYO being under $7.5 million makes it a ripe target for rapid growth as any substantial news or meeting of deadlines will push the market cap exponentially higher.

Despite the bear market, YOYO continued to integrate Dapps while building out their reward and incentive platforms. This quarter has the implementation of many of YOYO’s coin features. This includes their Authorization Feature, Lockup Feature, Dividend, and Governance.

It does not appear that either BCH fork added any value to the cryptocurrency space but instead created a 48-hour correction. Due to their lack of adding real value or utility both BCH forks should be avoided.

YOYO is a project that deserves the attention being diverted to unnecessary forks and market corrections.

Look for YOYO to outperform during any rebound the next few days and through the possible upcoming bull run.

[Disclaimer: This views expressed in this article do not reflect the views of Bitcoinist and should not be taken as financial advice. Also, this is the first time the word FODL has been used (opposite of HODL)**]


To read the Crypto King’s prior articles or to get in contact directly with him, you can on Twitter (@JbtheCryptoKing) or Reddit. The King is the founder of ANON and actively trades cryptocurrencies.

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Lis 15

Ripple (XRP) Overtakes Ethereum as Second Biggest Crypto By Market Cap

Ripple (XRP) has once again overtaken Ethereum by market cap amid ongoing cryptocurrency market turbulence and bearish sentiment.


Only $100k Separates Ripple and Ethereum

As data from Coinmarketcap confirms, Ripple’s XRP token is now the largest altcoin, losing less than Ethereum in the past 24 hours. As a result, ETH is now in the third-largest cryptocurrency, repeating what has become a pattern in 2018.

As Bitcoinist previously reported, XRP last overtook ETH fairly recently on the back of rumored expansion of the token’s usage.

While not directly affecting Ethereum, the Bitcoin Cash hard fork appeared to hit the asset particularly hard, ETH/USD 00 losing almost 15 percent versus Bitcoin’s 11 percent.

XRP/USD 00 fell 9.2 percent, the difference in market cap between the two altcoins now just $100,000.

No Cause To Celebrate

The short-term success of XRP contrasts with the continued publicity battle Ripple has seen in recent months.

As Ethereum developers forge ahead with major technical developments many have championed, Ripple appears mired in criticism of both its products and senior executives, who have delivered contradictory statements about the company.

In October, CEO Brad Garlinghouse hit back at accusations the network was overly centralized.

“I as the CEO of the company can’t control the XRP ledger. I can’t change a transaction,” he told Cheddar.

“…I think there are a lot of people out there who are waging holy wars, they’re spreading misinformation – and they’re spreading misinformation because they have an economic interest in that.”

Nonetheless, third-party interest in the token remains with news this week surfacing that Japan’s biggest bank wishes to use it as the basis for a cross-border remittance service to Brazil.

Multiple financial institutions are currently considering the concept of Ripple-based remittances, with the company’s xRapid payment network also debuting with XRP as its means of exchange.

What do you think about Ripple overtaking Ethereum? Let us know in the comments below!


Images courtesy of Shutterstock, Bitcoinist archives

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Lis 12

Stellar (XLM) Becomes Top-5 Cryptocurrency Pushing Out EOS

Open source cryptocurrency transfer protocol Stellar’s Lumens (XLM) token has entered the top five cryptocurrencies by market cap the week after its $125 million deal with Blockchain.


Stellar Lumens Beat EOS To Top 5

Data from Coinmarketcap confirms the repositioning, which gives XLM a market cap of $5.15 billion and relegates TRON to eleventh place and edging out EOS from the Top-5.

Stellar (XLM) 00 has seen considerable publicity over the past weeks after executives announced a giveaway campaign with wallet provider Blockchain worth $125 million.

Stellar: Headed Towards $1?

As Bitcoinist reported, the campaign was ostensibly designed to draw attention to cryptocurrency more generally among the wider populace, but XLM immediately profited, bucking the general trend to stave off losses taken by other altcoins since.

“We’ve already shared our thoughts on how Blockchain Airdrops are a great way for crypto creators to drive decentralization and adoption for new networks. We think they’re great for crypto users too,” Blockchain CEO Peter Smith wrote in a blog post about the giveaway, which is open to anyone with a Blockchain wallet.

“…We’re starting with Stellar because its network is built for scalability.”

EOS Battles Publicity Crisis

Stellar has instigated mass XLM giveaways before, a blog post of its own describing the feature as “core” to its “vision and strategy.”

“…The network has grown enough for mass distributions to make sense,” executives wrote.

XLM outmaneuvers EOS to enter the crypto top five, the latter facing fresh controversy this week after it emerged agents had the power to reverse transactions which had already confirmed on its network.

Currently causing furor on social media, the case in question involved an EOS account which had been phished and funds moved without the owner’s permission.

Settling the issue, an EOS ‘arbitrator’ took the decision to simply reverse the transactions, leading to criticism of the protocol’s ethics.

In an interview last month meanwhile, CTO Daniel Larimer dismissed the need for decentralized features in EOS, claiming the concept “isn’t what we’re after.”

What do you think about Stellar reaching the top five cryptocurrencies? Let us know in the comments below!


Images courtesy of Shutterstock

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Lis 11

Bitcoin ATMs Have Spread to 4,000 Locations Globally

Numerous signs of maturity can be noted across the cryptocurrency industry. A growing number of Bitcoin ATMs is making their mark on the world. This month, the number is expected to surpass the 4,000 milestone.


Another Milestone for Bitcoin ATMs

Making cryptocurrency more accessible remains a key priority. Bitcoin ATMs have their role to play in this regard. These machines make it easier to buy bitcoin and altcoins with fiat currencies. Nearly 4,000 of these devices can be accessed on a global scale.

It is a low number compared to bank ATMs, but more devices are brought online every single day. Currently over 6 Bitcoin ATMs come online every single day.

Bitcoin ATMs Spring up Across Utah... ish

In May, Bitcoinist reported on the 3,000 location milestone for Bitcoin ATMs worldwide.

North America is the place to be for accessing Bitcoin ATMs. The continent controls 71.3% of the market at this time. Europe is the somewhat surprising second entrant on the list. Nearly one in four devices can be found in top European cities. Asia, while quite prominent in cryptocurrency trading, only houses 2.56% of all Bitcoin ATMs. Oceania, South America, and Africa are even further down the rankings.

One peculiar trend is how operators are not just focusing on Bitcoin. Over six in ten machines support altcoins in various degrees. Litecoin is the most popular altcoin offering, followed by Ethereum and Bitcoin Cash. Support for Dash, Monero, Dogecoin, and ZCash also appears to be on the rise. Additionally, nearly four in ten Bitcoin ATMs let users both buy and sell cryptocurrency.

Manufacturer Competition Heats up

In the early days of the Bitcoin ATM industry, Lamassu was the most prominent company. That situation has changed over time. Its current market share sits at 10.96%, making it the third-most common manufacturer. Genesis Coin currently maintains a small lead over General Bytes.

Further down the list, names such as BitAccess, Coinsource, Covault, and OrderbobATM are also trying to increase their market position. New producers have also come to market over the years. BitxATM, CoinOutlet, Bitnovo, and DOBI ATM are just some of the up-and-coming manufacturers. This level of competition is another sign of Bitcoin’s maturity. Increasing exposure for cryptocurrency will be a vital aspect of reaching mainstream adoption.

One aspect of Bitcoin ATM services which needs to be improved upon is transaction fees. Buying cryptocurrency remains subject to an average fee of 8.85%. Selling cryptocurrency is slightly cheaper, at a cost of 7.9%. Compared to using normal exchanges, these costs are quite steep. At the same time, the level of convenience is very different. More convenience usually leads to higher premium fees in the financial industry.


Images courtesy of Shutterstock, coinatmradar.com

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Lis 10

Cryptocurrencies to Target for the Next Bull-Run (OAX, XLM, HOT)

Cryptocurrencies OAX, HOT, and XLM are worth looking into if you’re looking for coins with the best chance to outperform Bitcoin price in Q4 2018. 


Small Cap Vs. Low Price Cryptos (A Trader’s Mindset)

The mindset of a cryptocurrency trader in a bull vs. a bear market is vastly different. During the last bull-run, two types of cryptocurrencies had a tendency to ‘pump.’ Ones with very low market caps on big exchanges and those with very low prices.

The coins with low market caps, dedicated teams, with the network to get listed on top exchanges should be acquisition targets heading into the next bull-run vs. the alternative of buying low priced coins.

A very low market cap coin with major unknown quarter four events: OAX, should perform exceptionally well in the short term. 

The market sentiment has continued to shift from the summer of 2018 through the beginning of quarter four. With crypto personalities and technical analysis pointing to a December bull-run, the question becomes fairly obvious: How does one take advantage of the shifting of market sentiment and the possible impending moonshot?

Amusement park ride

The last bull run which concluded 2017 had two main types of cryptocurrencies that saw significant pumps. These two types included very low cost per coin cryptocurrencies regardless of their market capitalization. The other type were coins that had a very low market cap. Coins with a low market cap are the coins which should be targeted vs. the ones that the price seems “cheap” on.

Most individuals who are not accustomed to cryptocurrencies do not realize the importance of market capitalization vs. actual price.

For example: consider 2 cryptocurrencies, one is trading at $0.50 the other at $2.00, the first has a market cap of $100 million, the second has a market cap of $5 million.

Which is the better investment if both are about to have $1 million in demand of the cryptocurrency generated by an announcement?

The answer is the second, with a $5 million market cap and $2.00 price. The reason for this is if $1 million of demand is generated for a cryptocurrency with a $5 million market cap the total market cap will increase to $6 million. This 20% increase in market cap will be reflected by the price increasing by 20%, from $2.00 to $2.40.

The first coin with a market cap of $100 million would now have a market cap of $101 million and the $.50 crypto would have increased to $0.505. If you purchased the cryptocurrency with the lower market cap you would make 20% compared to 2% for the coin with the higher market cap.

With all else equal it is always a better idea to target a lower market cap cryptocurrency vs. one with a ‘lower price.’

OAX has one of the smallest market caps on Binance and is my #1 acquisition target for this reason, along with many others. For those wanting a lower price coin with a significantly higher market cap HOT and XLM are fantastic options.

OAX

OAX 00 is one of the lesser known and discussed cryptocurrencies, which is a great reason to begin targeting it before the Twitter personalities and “whales” begin their accumulation. OAX is also listed on the highest volume exchange, Binance, which is notorious for solely listing tier 1 projects.

So what is OAX’s project that impressed Binance enough to list?

I had the pleasure of discussing with the OAX team many aspects about their project during a recent interview. According to Wayland Chan who is the Technology Lead of the OAX Foundation, by the end of 2018 OAX will “deliver a stand-alone DEX using the work done building a scalable layer 2 solution.” This very significant event is not listed on cryptocurrency calendar websites nor is it commonly known in the space.

What is most impressive about OAX’s decentralized exchange (“DEX”) is that they plan to have an “off-chain order book, off chain order execution, as well as no custody of user assets.” OAX could be the scalable solution that DEX’s have sought for years. The OAX project is very ambitious but having secured a Binance listing their legitimacy should not be challenged.

The first prototype of the DEX was delivered in June and since the developer have been finalizing the layer 2 solution using off-chain solutions to solve the performance problems of blockchains.

According to OAX’s Technology Lead,

We’ve made huge strides…and expect to soon announce some big news that will definitely rock the boat.

As much as I pressed I was unable to get an inside glance at what this ‘breakthrough’ was.

This year, OAX was trading as high as $2.28, having dropped to under $0.35 since. With their platform becoming a reality, now is the perfect time to acquire a position. The future of OAX looks very bright. OAX plans to have a layer 2 working prototype by the end of 2018. Their DEX has the potential to revolutionize the exchange community and the scaling difficulties they face.

ICOs were all the craze at the end of 2017, DEXs are becoming the next craze with looming regulations and government crackdowns already underway. With decentralized exchanges becoming the new ‘hot thing’ and the bear market coming to an end, OAX clearly is an acquire and HODL for traders and investors alike.

OAX is one of the few cryptocurrencies that could re-approach their all-time high, once the crypto community awakens to the significance of their project.

HOT

How does HOT (Holochain) 00 compete against other cryptocurrencies in the space?

HOT has a lower “price per coin” than OAX but their market cap is almost 20x higher than OAX’s. This means if both HOT and OAX received the same amount of publicity the price of HOT would move 5% while the price of OAX would move 100%.

This is the main reason targeting smaller cap cryptos with platforms on the cusp of development makes for better “moonshot” investments than targeting a crypto with a $100 million-plus market cap.

However, HOT does get a unique award for being the least expensive coin on Binance (even though it has a huge market cap). During a bull run new ‘dumb’ money enters the market and they flock to both the cheapest coin and the ones with the lowest market caps (once they get a bit smarter). HOT qualifies as the “cheapest cryptocurrency on Binance,” and therefore money will likely flow into it the minute the markets start moving North.

Understanding market caps makes those looking to choose between HOT and OAX, pick OAX very easily. However, when choosing an investment, it is important to look beyond the market cap. How is the team? What is the product or platform?

Holochain is distributed hosting, owned and run by the users. The goal of HOT is to facilitate businesses and communities to build the next internet paradigm. Their goals seem to be extravagant but the team is continuously pushing forward with their roadmap.

For those wanting to capitalize on new ‘dumb’ money rushing into the crypto space in the next few months, HOT is not a bad option. OAX will likely to provide much higher returns than the larger market cap coins like HOT, however, diversification should not be overlooked for short-term profits.

XLM 

XLM (Stellar Lumens) 00 has been all over the news this week with their announcement of the Blockchain wallet giving away $125 million XLM.

This coupled with their likely imminent addition to Coinbase makes them a short-term speculatively play receiving a lot of attention. With a market cap in the Top 10 cryptocurrencies and a coin value of under $1.00, XLM could post impressive gains.

Stellar: Headed Towards $1?

However, that “moon” that everyone is searching for is unlikely to come from a cryptocurrency with a $1 billion-plus market cap. One can expect reasonable gains following a Coinbase listing but that is truly what all are HODLing for at this point.

Even though XLM is unlikely to post gains associated with coins that have less than a $10 million market cap, they still have plenty of exciting developments occurring.

XLM has partnered with IBM to allow them to use their Stellar network to bring more transparency into their payment structure. Analysts have predicted this partnership could actually replace the current SWIFT/IBAN structure as the global standard. If this partnership results in anything relevant XLM will have moon potential even as a $1 billion-plus market cap cryptocurrency.

Another one of XLM’s unique partnerships is with Veridium and IBM to tokenize carbon credits globally. This is one of many partnerships that will make XLM relevant for the short and long term.

The projects for XLM continue with Stellar X. This is Stellar’s version of a DEX. Also:

  • Open Garden is a project that allows users to turn their phone into a hotspot while earning a reward in XLM for data used.
  • TillBilly is Stellar’s version of a point of sale system, easing the burden of a paper receipt.
  • SmartLands looks to tokenize agricultural lands on the Stellar Network.
  • Sure Remit is one of the leading remittance networks in Africa that allows the transfer of funds. They have partnered with Stellar and have branches in Kenya, Rwanda, and many other African countries.

The list of partnerships and use cases for XLM go on and on. XLM is a great long-term HODL when compared to other cryptocurrencies in the Top 10. However, for significant short-term gains, lower market cap cryptocurrencies with major under the radar events are better options.

Cryptocurrencies Ranked By Risk

As new money rushes into the crypto space it will likely end up in 1 of 2 places: very low-cost coins, or very low market cap coins. Regarding percentage return, it is always better to target low market cap coins, not just ‘low cost’ coins.

This is why OAX is a favorite this week with their DEX on the horizon, a 1 on 1 interview, and a Binance listing; this project is well positioned being one of the smallest market cap coins on Binance. With little public awareness regarding their underlying news, OAX could be one of the most significant gainers of quarter four. If OAX ends quarter four with a market cap of $28 million, it will have returned over 200% for those reading this article.

HOT will likely be a target of ‘dumb’ money searching for a cheap coin on the biggest exchanges. Once they learn what a market cap is they will likely switch their position. The HOT project is a great one, but regarding undervalued cryptocurrencies, there are better options.

XLM may be a Top 10 cryptocurrency but with a Coinbase listing seeming imminent and partnerships that compete with Ripple they will likely post positive returns in the short-term. This is important as they are positioned for long-term success as well. Their short-term gains will likely be inferior to those with micro-caps but their guaranteed success long term reduces a great amount of investor risk.

Those seeking the highest risk, highest reward crypto should target OAX. Those wanting a safer play that is likely to still post positive gains, XLM is the choice. For those wanting to chase dumb money entering the market HOT is an okay choice, but OAX will likely still post better returns based on their market cap being 1/20th of the size.

To read the Crypto King’s prior articles or to get in contact directly with him, you can on Twitter (@JbtheCryptoKing) or Reddit. The King is the founder of ANON and actively trades cryptocurrencies.

[Disclaimer: This views expressed in this article belong solely to the author and do not reflect the views of Bitcoinist. They are intended as opinion for educational purposes and should not be taken as financial advice.]


Images courtesy of Shutterstock

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Lis 08

EtherDelta Founder Charged with Operating ‘Unregistered Securities Exchange’

The Securities and Exchange Commission (SEC) pressed formal charges against Zachary Coburn, the founder of cryptocurrency trading platform EtherDelta, for not registering his company as a national securities exchange.  


Required to Register

According to an official press release, the SEC has taken action against the founder of digital token trading platform EtherDelta, Zachary Coburn.

According to the Commission’s order, EtherDelta constitutes an online platform for secondary market trading of ERC20 tokens — most of which are usually issued through an initial coin offering (ICO). Furthermore, the SEC has found that almost all of the orders which have been placed through the platform have taken place after its 2017 DAO Report. According to it, certain digital assets, DAO tokens included, are considered securities and, hence, their trading is subject to the Commission’s requirement that exchange register or qualify for an exemption.

According to Stephanie Avakian, Co-Director of SEC’s enforcement arm, EtherDelta did neither of those, stating:

EtherDelta had both the user interface and underlying functionality of an online national securities exchange and was required to register with the SEC or qualify for an exemption.

Fines and Penalties Already Paid

The release also says that Zachary Coburn has already paid $300,000 in disgorgement, $13,000 in prejudgment interest, as well as a $75,000 penalty.

However, he hasn’t admitted to anything and the investigation is continuing. Still, the SEC recognizes his cooperation, stating that it may have prevented an even greater penalty.

According to Steven Peikin, Co-Director of the SEC’s Enforcement Division, existing legislation needs to be followed carefully in order to protect investors in times of “significant innovation.” Noted Peikin:

We are witnessing a time of significant innovation in the securities markets with the use and application of distributed ledger technology. But to protect investors, this innovation necessitates the SEC’s thoughtful oversight of digital markets and enforcement of existing laws.

Do you think the SEC has merit to press charges against EtherDelta? Don’t hesitate to let us know in the comments below! 


Images courtesy of Shutterstock.

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Lis 04

Bitly Blocks 200 Links From Andreas Antonopoulos’ ‘Mastering Ethereum’

Bitly (bit.ly) has come under fire from cryptocurrency circles after the business appeared to block all the links from Andreas Antonopoulos’ new book.


Bitly Silent On Surprise Block

Antonopoulos, who is weeks away from publishing his latest guide, ‘Mastering Ethereum,’ publicly took issue with the URL shortening service and link management platform on social media after a tip-off about it preventing around 200 of the book’s links from opening.

“I’m about to publish my 4th book and it has about 200 http://bit.ly links in it,” he wrote on Twitter November 3.

“If you are going to block links, I will need to remove all 200 and replace them with a competitor[.]”

Bitly has existed since 2008 and currently sees monthly traffic of around 600 million link shortenings.

As of press time, officials had not responded to Antonopoulos’ tweet, and the cause and future status of the block remains unknown.

‘Not Your Shortener, Not Your Link’?

In the absence of an explanation from Bitly, Twitter users were swift to call for a “decentralized” alternative to private link shorteners, identifying them as a bottleneck.

“Don’t rely on bitly or ANY shortener service. They are all a single point of failure,” one response read.

Not your keys, not your bitcoin? Not your shortner (sic), not your link.

The tone echoes recent calls among some cryptocurrency figures to abandon the traditional stalwarts of the online ecosystem, Bitcoinist previously reporting on an increasing distaste for Twitter itself in favor of decentralized open source alternative Mastodon.

Antonopoulos Bitcoinist

The Bitly episode is the latest headache for Antonopoulos on the road to publishing Mastering Ethereum, the celebrated educator previously defending his choice of subject material in the face of fans who appeared confused about a refocusing away from Bitcoin 00 to altcoins.

Mastering Ethereum is due for publication within the next four weeks, Antonopoulos further confirmed.

What do you think about Bitly blocking links from ‘Mastering Ethereum’? Let us know in the comments below!


Images courtesy of Shutterstock

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Lis 03

3 Cryptocurrencies Likely to Beat BTC Price Short-Term (WaBi, BNB, TRX)

Who can beat BTC price in the short term? This week three very unique coins have been selected: WaBi, BNB, and TRON. WABI looks to be the top contender to produce the highest returns as a cryptocurrency.


Market Conditions

The price stagnation within BTC price 00 has led to many mini altcoin rallies. Cryptocurrencies highlighted in similar articles such as GOChain increased well over 100% since their being selected as an ‘undervalued cryptocurrency.’

These current market conditions represent a spring coiling in the cryptocurrency space. Summer was filled with negative news about Bitcoin and blockchain. However, since quarter four has begun there has been no real BTC positive price movement. This is contrary to the news which has been positive for over a month.

Last week saw:

  • NYSE’s parent company announced December 12th as their launch date for Bakkt (BTC settled USD pairs).
  • The country of Singapore invested directly in Binance.
  • The country of China which had previously different styles of bans on ICOs and crypto ruled BTC as property.
  • Coinbase added USDC.
  • Bitfury considering an IPO (not ICO).

The prior week in blockchain and cryptocurrency has seen BTC stagnate even with the spectacular news. The spring has been coiled and the question that remains is which cryptocurrency will appreciate against BTC in the next few weeks to few months?

When analyzing the market to see which coins have already had their mini bulls runs it becomes increasingly obvious that WaBi, BNB, and TRON should all have major positive movement.

WABI has the smallest market cap and significant quarter four news. Most of their news has yet to be announced but an exclusive interview with the founder this week provided some inside details. BNB and TRON are likely to produce returns far greater than BTC’s due to their communities and utility.

However, WABI is the most undervalued on this list as TRON and BNB have market caps over $1 billion, while WABI’s market cap is under $20 million.

Although a higher risk cryptocurrency play, WABI is most likely to produce the highest returns when compared to BTC and other cryptocurrencies in the market.

stock market quotes

WaBi 

WaBi 00 is a cryptocurrency with under a 20 million dollar market cap, is traded on Binance, has major events and news all quarter four, and provided an exclusive interview with the founder for this piece. Not only is right now the opportune time to research WaBi but it radiates as an undervalued cryptocurrency.

Walimai is a safe-channel ecosystem for consumer products. The purpose of Walimai is to secure supply chains of important consumer goods (such as baby milk). So what is the WaBi?

Well the WaBi is provided as an incentive for scanning anti-counterfeit labels of WaBi products. This helps drives consumer awareness of the product’s transition through the supply chain and insures product safety.

China (where WaBi is predominantly located) has had multiple scandals involving food which has resulted in large scale accidental poisonings. WaBi looks to solve the issue of supply chain monitoring for consumer goods and has found a way to incentivize the public for participating in the process.

The WaBi cryptocurrency once attained can be used to discount the cost of consumer products along with improving delivery terms. This demonstrates clear utility in a niche market which needed blockchain support (consumer goods and the supply chain).

Why is now the time for WaBi? According to CoinMarketCal WaBi is undertaking a full rebranding in quarter four, they are going to open up sales to South East Asia, Latin America, and Europe, and they plan to introduce Walimai Labels for pharmaceuticals as well. This is a very impressive roadmap for quarter four which led to my desire to speak directly to the Founder, Alex.

In my exclusive interview with the WaBi Founder, I was able to uncover a few more details regarding the upcoming big news. The rebranding is not just the altering of some colors. WaBi is about to undergo a full rebranding regarding the name, colors, fonts, websites (WaBi and Walimai). They have been working with a top design agency while having interviewed almost 1000 users regarding user friendliness and aesthetics. Their rebranding is the first of its kind because they are bringing the active WaBi community into the process. They are providing prizes to supporters who participate in the rebranding, holding an almost scavenger hunt to ‘find’ the new website and additional features.

A cryptocurrency rebranding is very exciting especially because of how different WaBi plans to handle it. Immediately following the rebranding WaBi intends to have a major press release push, almost identical to what they did in 2017 when they were featured on BBC, CNBC, Business Insier, Reuters, and many more (this prior PR push dramatically increased WaBi’s value). The rebranding, budget allocated for major advertising and press releases all take place in quarter four. The public only knows the basics about the rebranding and has no idea a major publicity campaign is about to begin.

The WaBi token is being introduced to a large number of convenience stores across Asia where deals are being negotiated currently to accept WaBi as a form of payment (not just as a discount or to improve shipping terms). This is one of the biggest surprises as once completed the WaBi cryptocurrency will be able to be spent simply across their biggest market demographic.

WaBi’s roadmap positions them with a focus on developed parts of the world where there is the lowest access to quality authentic imported goods. Places like China where counterfeit goods are rampant have been fast to adopt the WaBi coin and Walimai platform.

The WaBi team has been adding new hires and continuing to build out their platform during this extended bear market. The development team has seen 5 new hires added in the last few months. While most cryptocurrencies have been hiding in the shadows of the bear market WaBi has been building at an unprecedented rate.

The last poignant point Alex, the Founder of WaBi made was in regards to my question, “Given the market fluctuations since the ICO how has your coin coped?”

He was very direct in his response. WaBi is up 71% against BTC in the prior year, 8% against the USD, and 158% against ETH compared to their ICO prices. Their focus shifted entirely from publicity and marketing to internal product and core team development. He was also very quick to mention how supportive and active their community is, one of the main reasons WaBi fared so well against other cryptocurrencies. This internal development and platform enhancement is about to pay significant dividends in quarter 4 once the rebranding is complete and the PR campaign goes into full swing.

My final question was regarding the long-term plans for WaBi. I was excited to hear WaBi plans to enter the alcohol products arena as many parts of the world have suffered toxic counterfeit alcohol poisonings. This expansion of products is followed by their expansion to new demographics in different parts of the world.

Many supply chain cryptocurrencies have market caps in excess of 1 billion dollars. WaBi has a working platform, a utilizable token, a quarter four with more exciting news than 99% of cryptocurrencies, a dedicated team, and expansion at an unprecedented rate.

If there was a cryptocurrency that had a significant likelihood of “mooning” in quarter four due to every possible positive factor going their way, it would be WaBi. Look for WaBi to test 50-200% returns in the short term depending on how quickly the traders and investors look ahead to the cryptocurrency calendars.

BNB – Binance Coin

For those that actively trade or even occasionally invest it is obvious to “own” where you trade. The BNB 00 token is the native token of the Binance exchange. By possessing BNB in your account many benefits are provided from lower trading fees to earning a higher percentage of the fees generated by your referrals. If you have any referrals or make any trades it only makes sense to own the required 500 BNB to lower your fees while increasing your referral bonus.

Binance

It was only last week that Singapore announced directly investing in the Binance platform. Financial capitals of the world are taking a keen interest in the largest and most respected cryptocurrency exchange. Binance also announced that in their first week in Uganda they signed up over 40,000 users. Africa being underbanked and needing financial stability will likely turn to cryptocurrencies to combat hyperinflation. Exchanges will capitalize on this with Binance making early moves into the continent. This was not the only positive news for BNB and Binance this week.

Travelbybit is integrating BNB as a payment method across all their platforms and merchants. BNB originally had very little utility beyond the benefits it provided for ‘hodling’ on Binance (lower trading fees and a higher referral bonus). However, the BNB cryptocurrency is pivoting from a coin used solely to benefit Binance traders to one that can be openly transacted and utilized on the same level as the predominant players like BTC. This not only greatly increases the utility of BNB but when utility increases price usually follows soon after.

What about Binance’s fearless leader that seems to maneuver through any regulatory hurdle thrown his way? Changpeng Zhao or more commonly known in the crypto space as “CZ” is one of the most influential individuals in the entire blockchain community. Not only did he manage to build what has been continuously ranked as the #1 exchange by volume in under two years but also actively engages the community, attends conferences, and is exceptionally humble for all he’s accomplished. CZ is hands down one of the most active Founders in the space and his influence is rivaled by almost no one.

Supporting a coin that CZ is the Founder of, is the ‘baby’ of the largest cryptocurrency exchange, has news that regularly adds more utility (can now be used to pay for travel), and provides daily benefits for just HODLING makes BNB a top candidate for accumulation prior to the next bull run.

There will be a flood of new traders to the biggest exchanges when the Altseason begins, at that point it will be too late to buy BNB. The time to accumulate coins that are likely to trend North in the short term is not once Altseason has begun, but prior with enough time to enjoy the gains.

BNB is a cryptocurrency with a market cap over a billion dollars that should easily see 100% returns at the nearest sign of the next bull run.

TRX – TRON

 The cryptocurrency community has been all over the place regarding their feelings about TRON. TRX 00 is a cryptocurrency that like many has been on the hot seat through the bear market. Say what you want about TRX, the reality is their community is one of the most devoted and loyal in crypto. The only more enthusiastic community may be XRP enthusiasts. With TRX regularly being supported by their community regardless of market conditions this cryptocurrency popped onto the radar this week because of their upcoming quarter four news.

TRX plans to release their open-source platform on December 29, 2018. It seems many cryptocurrencies have a feeling the second half of quarter 4 will provide many catalysts. TRX’s open-source platform will provide a revolutionary smart contract and Dapps platform. This is when true utility begins. With their open-source platform going live in the final week of quarter four TRX seems like an acquisition target prior to gem hunters finding this news.

This week on November 1, Coinsuper listed TRX paired against both BTC and ETH. Even with the majority of top exchanges already supporting TRX their team has committed to continued listings. This shows that both the developers are hard at work on their open source platform while the community managers and Founders are focused on reaching out to exchanges and networking.

Directly following quarter four TRX hosts the Nitron Summit January 17 and 18 in San Francisco. TRX is fiscally positioned to be able to host conferences, pay for major exchange listings, fund future development, all through a bear market. If this does not demonstrate dedication in the crypto space, nothing will.

Justin Sun, the Founder of TRON is also one of the more influential individuals in crypto. Having such an influential, well connected, and educated blockchain leader is positive for any cryptocurrency.

TRX has their open source Dapp platform going live before the end of the year, they are hosting a major conference in San Francisco in January and were just listed on Coinsuper. For a ‘safer’ cryptocurrency play TRX seems to have many important catalysts through early January.

Beat BTC Price: Take Your Pick

Cryptocurrency is a risky environment to be trading, gambling, and investing in. However, with enough research, a significant portion of risk can be mitigated. Not every cryptocurrency selected will appreciate as no trader/investor is an oracle.

However, by analyzing almost every coin on Binance thoroughly, I’ve intentionally selected the ones that have the highest probabilities to appreciate in the short term based on upcoming news, their community, market sentiment, their teams, and many other factors.

The highest risk cryptocurrency, which is likely to produce the greatest returns from the cryptocurrencies on this list is WaBi. Their marketing plan coupled with a rebranding, platform expansion, demographic expansion, dedicated team, communicative founders, and major quarter four news provide more catalysts than most can expect.

Look for WaBi to outperform almost every cryptocurrency on Binance in the next few days through the end of December.

Changpeng Zhao Binance

For those looking for a safer ‘blue chip’ option, the cryptocurrency of choice would be BNB. CZ could not be more dedicated or passionate about crypto. Hopefully, more individuals emulate his behavior in the space over the long term. BNB benefits every hodler on Binance and as more traders begin trading again BNB will become highly sought after.

TRX has had the hype train take it on a wild ride. However, quarter four has plenty of reasons that as a cryptocurrency it should appreciate. Hosting conferences and open source platforms built for Dapps is a fantastic start regarding catalysts.

WaBi remains a coin that can likely breach a $100 million market cap providing a 6x for those that accumulate prior to the market cap surpassing $20 million. Given the high-risk high reward nature of crypto, WaBi should be on the “accumulation and research list” for those looking for major quarter four gains.

[Disclaimer: This views expressed in this article do not reflect the views of Bitcoinist and should not be taken as financial advice.]

To read the King’s prior articles, to find out which ICOs he currently recommends, or to get in contact directly with the King, you can on Twitter (@JbtheCryptoKing) or Reddit (ICO updates and Daily Reports). The King is the founder of ANON and actively trades cryptocurrencies.


Images courtesy of Shutterstock, Bitcoinist archives

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Bithumb Launching US Securities Exchange with SeriesOne Partnership

South Korean cryptocurrency exchange Bithumb has joined the league of exchanges diversifying their international offerings by setting up a US securities trading platform. 


Preempting ‘Global’ Blockchain Asset Tokenization

Through a partnership with blockchain fundraising platform SeriesOne, Bithumb seeks to speed up its growth into a “global financial firm” by cornering the securities token market, local South Korean media outlet Yonhap News Agency reported Nov 1.

The announcement comes days after US exchanges Bittrex and Coinbase announced they were preparing to launch international versions of their exchanges catering to non-US residents in a bid to bypass the country’s complex regulations.

“SeriesOne actively sought to strike a deal with Bithumb after assessing it as the most suitable partner,” Yonhap quotes an unnamed Bithumb official as saying.

Bithumb will ramp up efforts to develop into a global financial firm as the blockchain-based asset tokenization is expected to spread globally down the road.

Bithumb

Platform To Launch By Q3 2019

The partnership will leverage SeriesOne’s license to operate as an environment for trading cryptocurrency tokens deemed to be securities by US regulators. The joint platform, Yonhap says quoting anonymous “sources,” should debut “during the first half of next year.”

In a tit-for-tat move, SeriesOne has already expanded into the South Korean market, where it also plans to trade securities.

The country continues to modify its stance on the cryptocurrency industry, authorities nonetheless opting not to end the country’s fourteen-month-old ban on ICOs.

“Although many people call for the government to allow initial coin offerings, there are still uncertainties related to such a move as well as the possibility of serious fallouts,” Financial Services Commission (FSC) Chairman Choi Jong-ku said during a parliamentary meeting earlier in October.

At the same time, Bithumb saw a change of ownership place it in the hands of Singapore investor BK Consortium, which purchased the exchange for $353 million.

What do you think about Bithumb’s US exchange? Let us know in the comments below! 


Images courtesy of Shutterstock.

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