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!


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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! 


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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!


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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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Lis 01

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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Říj 26

Litecoin Core 0.17 Will ‘Beat Bitcoin Cash’ On Cost And Speed

Litecoin’s (LTC) forthcoming client release will make it “faster” and “cheaper” than Bitcoin Cash (BCH), according to one analyst as developers confirm transaction fees will reduce 90 percent.


10X Fee Decrease Puts LTC In Front

Litecoin Core 0.17, which the Litecoin Foundation said was “upcoming” in a blog post on its now-suspended Medium account, will deliver a host of end-user improvements.

Specifically, while LTC 00 currently costs around $0.05 in average fees, after the update this will reduce closer to $0.005.

This, Alternative Assets performance analyst and LearnCrypto.io president Nich Hellmann notes, will end the status quo in which Litecoin is more expensive to use than Bitcoin Cash.

Despite its larger market cap, he continues, BCH 00 is slower and has a more “contentious” community.

“Currently because the blocks aren’t full there is no need to pay higher fees, which is one reason why the move is being taken,” developers wrote explaining the updates.

Togami: BCH Attack ‘Not Hypothetical’

LTC markets have so far not reacted to the update, trading behavior broadly falling in the line other major altcoin assets this week.

Cryptocurrency users suspicious of BCH’s development and marketing practices will no doubt have doubled down on their perspective after data this week showed its network is in a precarious position.

Updating his ongoing tracking of BCH, Blockstream VP solutions head Warren Togami noted the network’s 30-day average hashrate had fallen below 7 percent of Bitcoin’s.

This, he warned “matters (because) of the risk of exchange insolvency from double-spend theft.”

The hashrate proportion had dipped below 8 percent at the start of September, Bitcoinist reporting on Togami’s preexisting concerns about network security.

At the time, he compared the state of the network to an LTC hard fork from 2013, which imploded due to a 51 percent attack months afterwards.

Now, he says, the danger of BCH following suit is “not hypothetical.”

What do you think about Litecoin’s coming update? Let us know in the comments below!


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Říj 24

Bitcoin Price Has Maximum $22K Potential By End Of 2018, Says Tom Lee

Bitcoin could end 2018 at $22,000, Fundstrat Global Investors analyst Tom Lee repeated in new predictions about the end of the cryptocurrency bear market October 19.


Lee: 200-day MA ‘Very Important’

Speaking during an interview with social media blog Crypto Tips, Lee, who is known for his bullish stance on Bitcoin in particular, highlighted the 200-day moving average price trend as a key factor in determining its future performance.

“When Bitcoin’s below its 200-day, it only goes up 50 percent of the time in the next sixth months, but when it’s above its 200-day, it’s up 80 percent of the time,” he said referring to analysis produced by Fundstrat last week.

“The 200-day and the trend that’s implied by that is obviously very important.

Ethereum ‘Capitulated’?

Far from a continuation of this year’s price downturn, Lee added he thinks it is “more likely” that Bitcoin 00 would put in an unexpected climb.

That hypothesis runs counter to assumptions shared by many other analysts within the cryptocurrency industry, who have endorsed an idea BTC/USD must first ‘bottom’ as low as $3000 before finally challenging its all-time highs.

For Lee, $6000 is the “floor.”

“Where can the surprise take place? I know a lot of people think Bitcoin’s price will collapse to $3000; I think what’s more probable a surprise is that we have a very explosive increase in price,” he continued.

For Ethereum (ETH) 00 meanwhile, Lee also saw support returning to markets. The largest altcoin by market cap had fallen more precipitously than Bitcoin, at one point trading as low as $170 in recent months, its worst performance since May 2017.

“…Ethereum is already trading like it’s capitulated,” he said.

In 2018, a combination of factors including the EOS ICO, ICOs in general, BitMEX’s ETH futures and media “hitjobs” had created a “negative” story around the asset.

What do you think about Tom Lee’s predictions? Let us know in the comments below!


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Říj 21

3 Ways Cryptocurrency Investors Can Adapt to Make Money in 2019

Cryptocurrency investors have endured an unbelievably tumultuous year but in spite of the markets dismal performance, there are still a few strategies investors could employ to make money in a down market.

[Editor’s note: This is a guest op-ed submitted by Julia Magas. The views expressed in this article do not necessarily reflect the views of Bitcoinist and are not intended as financial advice. The given article is an opinion piece for educational purposes only. ] 


2017 was an almost magical time for cryptocurrencies. During this time, one could quite literally throw a bucket of paint at the wall and come up with a Monet. Obviously, this over exaggeration is a euphemism for the euphoria and FOMO (fear of missing out) that drove the cryptocurrency market up to new highs in December 2017 and sadly, those times have long gone.

As cryptocurrency investors approach Q4 of 2018, it can be assumed that after a bearish year almost everyone awaits the arrival of 2019 with crossed fingers and toes. Nearly all of the agreed-upon methods for making money from cryptocurrencies fell flat and unless one shorted the market or executed swing trades with impeccable timing, multiplying one’s funds proved to be something of a challenge throughout 2018.

What Happened to the Crypto-Explosion Everyone Expected in 2018?

Analysts, hedge fund managers and nearly every retail investors on the internet had forecast 2018 to be the year of unbelievable gains. ICOs, mainnet launches, airdrops, cryptocurrency futures, and institutional investment all expected to push the bitcoin’s price above $20,000 and the total market valuation – above $1 to $4 trillion dollars.

While at the time, each of these components combined to form what appeared to be an inevitable rally to new heights but considering that hindsight provides the clearest vision, we can now review each of these categories to see how powerful assumptions can sometimes be misleading.

ICOs Fell Flat

Initial Coin Offerings (ICO) were meant to continue exploding into a nearly trillion dollar market in 2018 and various analysts predicted Ethereum 00 would rise from $1,400 to $3,500 – $4,000. Fast forward to the present and handfuls of ICOs have liquidated their crowdfunding for fiat and the hype and constant media coverage of ICOs nearly ground to a halt.

ICOs were meant to be an easy avenue for maximizing investments, but right at the start of 2018 global regulatory pressure by an assortment of governments and the precipitous decline in ETH prices made this less of a reality. Furthermore, a number of ICOs transitioned from being open investments to only allowing private and accredited investors which effectively cut out the little man.

Altcoin Mainnet Launches Misfired and Airdrops Fizzled Out

Once again, the general consensus dictated that altcoins would diverge from ERC20 standard by launching their own mainnets which would lure other crypto-startups to build on their platforms. This was further underpinned by the belief that altcoin values would skyrocket as numerous partnerships with established companies looking to become a part of the blockchain revolution occurred.

Investors expected to make a hefty profit from the flood of airdrops that would ensue after various altcoins transitioned from Ethereum standard to their own mainnet and while airdrops did occur, the frequency and projected price outcome failed to meet investor expectations.

Futures Placed a Damper on Price Growth and Temporarily Discouraged Institutional Investment

As the 2017 rally culminated in December 2017, the anticipation of CME and CBOE Bitcoin futures propelled the market higher and many investors expected Bitcoin gains to extend from $30,000 to $50,000 per coin. Fast-forward to today and research, along with an array of analysts now suggest that bitcoin futures may have had the opposite effect and bears shorting both bitcoin and ethereum may have actually pushed prices down.

Profits Still Exist, Even in a Down Market

So, since conventional cryptocurrency investing theory proved to be fallible, what options are left for turning a profit in the remainder of 2018 and the start of 2019? This is likely the question on the minds of every cryptocurrency investor.

Fortunately, all is not lost and there may be a guiding light at the end of the tunnel. While bullish price forecasts mostly fell short, adoption and crypto-investment platform expansion are definitely on the rise. From a technical standpoint it appears that the end of the bear market could be in sight and as Bitcoin approaches the end of the current long-term descending wedge, investors and analysts eagerly await a self-imposed deadline for either a strong upside or downside move.

The larger question should be: What if it doesn’t happen?

What if BTC 00 dips below the descending triangle and the entire cryptocurrency market capitalization plummets further?

The partnerships and blockchain adoption will continue. The exchanges will remain open for business. The world will keep on turning and blockchain technology will continue to grow its use cases, but what happens to investors? Or more importantly, how will investors make a buck in worsening market conditions?

Below we discuss three strategies that investors could employ while waiting on a bull market reversal.

Strategy 1: Go Long on Crypto-Startups with Real World Partnerships

Investors may need to re-adjust their expectations and allocate a certain percentage of their portfolio toward long picks. Of course, the cryptocurrency market is fast paced, high risk and possibly better suited to day traders in 2018, but a small selection of coins that one is willing to wait 2 to 5 years on might not be the worst idea.

Given the inherent volatility of cryptocurrency, it’s probably best to select cryptocurrencies that have solid partnerships with established industry players that are more likely to bear fruit over the long term.

Companies like IOTA, Ripple (XRP), GoByte (GBX), IOST and Stellar Lumens (XLM) are likely contenders.

Currently, IOTA has partnerships with Volkswagen, Bosch, Fujitsu and DNB ASA. Ripple (XRP), while contentious among many circles, remains a top 5 cryptocurrency with powerful partnerships and multiple use cases worldwide.

GoByte Network has partnered with iVend and is well positioned for the growing crypto-payments sector. Currently, revenues from e-commerce and mobile payment processing gravitate near $530 billion and the sector is expected to rise to $886 billion by 2021.

IOST develops blockchain infrastructure that serves as a bomb proof solution to the scalability issues commonly faced by Ethereum and Bitcoin. Their blockchain is fully capable of meeting the enterprise level needs that a company like Amazon or AliBaba might need and they have an impressive array of investors and partnerships. At the moment IOST price is possibly the most attractive it’s been since 2017.

Stellar Lumens is quite similar to Ripple (XRP) except for the fact that it is less centralized, has its own exchange and also recently launched a decentralized exchange where each token and ‘tether’ is paired with XLM. Stellar Lumens also has an array of impressive partnerships with IBM, Shift, Deloitte and Stripe to name just a few.

Strategy 2: Take a Break and Let Robots Handle the Trading

Instead of focusing on 50 to 100 percent gains and attempting to time the market, investors could go for the low hanging fruit and let robots do all the hard work. Most cryptocurrencies fluctuate at least 1 to 2 percent daily and trading bots could easily cover this for investors 24-hours a day 7-days a week.

To date, Gekko, Zenbot and Crypto Trader are the most popular, but traders could also have a look at some of the newcomers like Cryptohopper, Gunbot, and Haasbot.

Strategy 3: Run a Masternode to Maximize Returns while Accumulating Extra Coins

Instead of investing one’s full attention to trading, investors could also consider operating a node as this provides the opportunity to earn passive income in the form of extra coins, while also remaining positioned to benefit from the price appreciation of staked coins.

While operating a masternode tends to require a hefty initial investment, operators are rewarded with block rewards (tokens) of whichever cryptocurrency network they are supporting. Most operators are compensated with 5 to 20 percent of a block reward and these ‘rewards’ are meant to help compensate operators for the cost of running the node.

Here’s a look at what is expected of the top three digital currencies for the remainder of 2018, to help you make an informed trading decision.

While operating a node in 2017 required a treasure trove of capital, this year’s bear market has significantly reduced the cost and the opportunity to earn passive income on a cryptocurrency investment is worth considering. Node operators can hodl, exchange or sell their block rewards on any number of cryptocurrency exchanges and GoByte (GBX) is currently one of the most affordable cryptocurrency to operate a masternode.

GoByte CEO, Hisyam Nasir believes that operating a masternode has multiple advantages, even when run during a bear market. Nasir points out that “Printing coins allows operators to save on cost and this could potentially be more effective than just hodling.”

Nasir also explained that,

running a node is great in a bear market, because you are printing new coins to offset downturns in price. This is much more effective than hodling depreciating coins that don’t offer rewards.”

While there are are list of great cryptocurrencies that one could take a stake in, GoByte already has a firm foothold in e-commerce and mobile payments. Not to mention, the sector is slated to grow to represent 46% of the global e-commerce market by 2021 and a recent report found that 40% of survey participants with some cryptocurrency awareness would be content to use it for everyday purchases.

While nothing is a given, it is relatively sensible to surmise that as more vendors accept crypto-payments, GoByte token (GBX) will appreciate in value, thus making the operation of a masternode extremely lucrative.

Currently, the cost of operating a GoByte masternode is a one-time investment of 1,001 GBX and potential investors can visit https://masternodes.online/currencies/GBX/ to learn more about the process. At the time of writing, the cost is roughly $890.00 and hosting is merely $1.21 to $5.00 per month.

Smart Investors will be Ready for 2019 with a Multi-Level Investment Plan

2018 has been an incredibly rough year for cryptocurrency and unless one shorted the market it’s hard to argue against that observation. While the world’s top analysts are dead set in their belief that cryptocurrency prices will moon in 2019, nothing is a given and 2018 taught plenty of investors of the dangers of making cryptocurrency assumptions.

Investors and traders, whether long or short, need to have a multi-pronged strategy and the strategies mentioned in this article could be a fantastic starting point. Investors must retain a long vision for this nascent sector.

Blockchain adoption and partnerships between crypto-startups and established international companies are on the rise. Centralized exchanges are nearly finished completed investment platforms and services that have already attracted some of the biggest institutional investors. Meanwhile, decentralized exchanges are also popping up left and right and this new wave of peer-to-peer commerce is likely to draw in more retail investors looking to exchange and use their cryptocurrencies.

Going long on some crypto-startups that have these promising partnerships should be a step every investor considers. Furthermore, new technologies that can handle the more tedious parts of trading are readily and freely available so don’t be afraid to let the robots take over!

Also don’t forget that the e-commerce and payments sector is bound to continue growing, and as this occurs revenues from e-commerce and mobile payment processing are expected to rise significantly. Surely the wisest short and long-term move for investors would be to ensure they can catch this wave by investing in a node as this is proven to provide passive income while also allowing operators to benefit from the price appreciation of staked coins.

History has shown that the early bird nearly always gets the worm and with cryptocurrency valuations near 2018 lows this might be the best time to deploy well thought out investment strategies.  

What are your thoughts on these strategies? Share below!


Images courtesy of Shutterstock

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