TokenZone News

Bitcoin, Ethereum, AltCoin and ICO News

ETF Industry Veteran: Bitcoin is a Multi-Trillion Dollar Opportunity

2000_1000-1

Investing in Bitcoin and cryptocurrencies has always been a rocky ride. Is the volatility worth it? ETF industry veteran and Bitwise executive Matt Hougan certainly thinks so.

Generationally-Significant Opportunity

Sometimes it’s easy to forget that those of us investing in Bitcoin and cryptocurrencies right now are still the early adopters — and the potential for significant gains down the road is massive.

Bitwise Asset Management Vice President of Research and Development Matt Hougan recently appeared on Bloomberg Markets to discuss leaving the ETF industry in favor of “going all in on crypto” — where he made some seriously bullish statements on Bitcoin’s and other cryptocurrencies’ long-term potential.

First and foremost, Hougan — who started out in the ETF industry when it was still new and emerging — is attracted to cryptocurrency because he finds the space exciting and positively brimming with potential. He explained:

I was looking around for a new, potentially generationally-significant opportunity with interesting challenges — crypto is exactly it. The problems that crypto is trying to solve have total addressable markets in the trillions of dollars. That’s hugely interesting and exciting. And yet the institutional framework for evaluating crypto assets are still new and nascent … So it’s just an exciting space with an enormous amount of potential.

Continue reading
Rate this blog entry:
17 Hits
0 Comments

Despite Slow Start, Analysts Believe 2018 Could be the Best Year for Bitcoin

bitcoin

Cryptocurrency markets are not off to a good start in 2018. Most markets have lost nearly half of their value during the first few weeks. This most recent dip has pushed the momentum back as well. Even so, analysts are convinced this year will be very bullish for all cryptocurrency markets in the long run. Especially Bitcoin may see some big gains.

Bitcoin Scalability Improvements?

All cryptocurrency markets have seen major declines throughout the first seven weeks of 2018. Although Bitcoin showed some good momentum this week, most gains have been lost once again. Whether or not this is a bubble effectively bursting, remains to be determined. However, there are still a few solid reasons as to why things may turn out for the better. Julian Hosp remains bullish on cryptocurrency for quite some time to come.

Especially where Bitcoin is concerned, things can still improve quite a bit. With new scaling solutions coming to the ecosystem, a lot of progress will be made. Segregated Witness is now enabled by default through the Core client. It has also become more convenient to use altogether. If this adoption rate improves, the Lightning Network has a fair chance of succeeding as well. For now, there is no official release date for the Lightning Network as of yet.

With a lack of scaling, Bitcoin made a lot of headlines due to mounting fees. At one point, a Bitcoin transaction cost over $20. It is far from ideal, yet solving the problem is not all that easy. With SegWit and LN, those fees should eventually come down over time. Only time will tell if this works as people expect it to. Moreover, the addition of smart contracts to Bitcoin through Rootstock is something to look forward to.

Other Cryptocurrencies and ICOs

Cryptocurrency is about so much more than just Bitcoin, though. More regulation of this entire industry can be a good thing in many different ways. If an industry is regulated, it is “validated” in the eyes of the general public. For now, we see dozens of countries looking into regulating Bitcoin and other currencies. Not everyone is a big fan of regulation, as it imposes severe restrictions in some cases. For now, it seems further regulation will help legitimize cryptocurrencies and digital tokens moving forward.

Continue reading
Rate this blog entry:
22 Hits
0 Comments

Could Blockchain Impact Gun Control?

Blockchain-1

As debate rages upon the subject of gun control, a professor at Washington State University has suggested using blockchain technology to make an impact.

The topic of gun control has become a hot topic once again in the United States due to the recent school shooting in Florida. As pundits from both ideological sides of the issue rage back and forth, a new wrinkle has emerged: blockchain technology. A professor of public health at Washington State University has proposed using the blockchain to help address the issue.

Firearms and Blockchain

The professor, Thomas Heston, has floated the idea of using the blockchain to create a database to track firearm information. In a paper, Heston writes that people who own a gun can upload their information to an electronic gun safe. This data would be tied to the individual’s biometric data, like their fingerprint.

This blockchain-based database would then be used to track the creation and sale of guns, and the data would be instantly verifiable. Heston says that this approach would protect the information of gun owners from being hacked and reduce gun-related injuries. Another benefit would be that it would boost the accuracy of background checks.

Heston does say that there are certain challenges facing the use of blockchain technology in regards to gun control on a national level. He says:

Continue reading
Rate this blog entry:
18 Hits
0 Comments

An Ethereum Classic Fork Snapshot Is Coming Next Week

Ethereum-Classic

Next week the ethereum classic (ETC) community is expecting to receive coins from a ‘snapshot’ fork called ‘callisto’ (CLO). The clone will be an exact copy of the ETC chain up until block 5,500,000 and ETC holders will receive a 1:1 ratio of CLO coins.

The First High Profile Hard Fork Is About to Get Forked

The funny thing about ethereum classic is that it was one of the first high profile blockchain splits and ethereum (ETH) holders received a 1:1 ratio of ETC after the hard fork at block 1,920,000. The fork was caused by members of the Ethereum community because they rejected the idea to ‘bail out’ the DAO, an ETH application that lost $150Mn that year. Some individuals firmly believe that ETC is the ‘one true’ Ethereum network. Callisto, however, is not quite like the ETC hard fork as it’s a snapshot much like bitcoin gold, bitcoin diamond, and the other clones that appeared over the past year.

Callisto Developers Believe CLO Will Have Better Smart Contract Security

Essentially CLO coins will share the same history as the existing ETC chain but from block 5,500,000 and forward the network will be its own. The cloning is expected to happen next week sometime on or after March 2. The reason behind the snapshot is because CLO developers believe there are issues regarding ETC’s smart contract design. According to the CLO white paper ETC is susceptible to smart contract hacks much like the DAO platform. The CLO developers plan to create a “Official Smart-contract Auditing Department of CLO & ETC,” so one could assume the snapshot may be considered an extension of the ETC community.    

“The main goal of callisto is to research and develop a reference implementation of self-sustaining, self-governed, self-funded blockchain ecosystem and development environment,” explains the CLO white paper.  

Continue reading
Rate this blog entry:
15 Hits
0 Comments

Litecoin Price Analysis: LTC/USD Declines Below $200

litecoin-logo

Litecoin price was not able to hold the $205 and $200 support levels against the US Dollar. LTC/USD traded towards $180 before starting a short-term correction.

Key Talking Points

Litecoin price extended declines and traded below a major support at $200 (Data feed of Kraken) against the US Dollar. There is a key bearish trend line forming with resistance at $205 on the hourly chart of the LTC/USD pair. The pair may correct a few points in the short term, but it may face sellers near $205 and $210.

There was a no major recovery in litecoin price above $225 yesterday against the US dollar. The LTC/USD pair even failed to hold the $205 support level and declined below the $200 handle. It traded towards the $180 level and formed a low at $181.

The pair is now trading well below the $200 level and the 100 hourly simple moving average. It recently started an upside correction and is currently trading near the 23.6% Fib retracement level of the last drop from the $252 high to $181 low.

However, there are many barriers on the upside for buyers above the $200 level. There is also a key bearish trend line forming with resistance at $205 on the hourly chart of the LTC/USD pair.

Continue reading
Rate this blog entry:
16 Hits
0 Comments

Cardano Price Technical Analysis – ADA/USD Bearish Below $0.35

hqdefault
Key HighlightsADA price is struggling to recover and it recently declined below the $0.3200 level against the US Dollar (tethered). There is a major declining channel forming with resistance at $0.3205 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently correcting higher, but it may face a lot of resistance near $0.3250 and $0.3500 in the near term.

Cardano price declined further against the US Dollar and Bitcoin. ADA/USD is currently trading well below the $0.3500 level and in a bearish zone.

Cardano Price Decline

There was no major recovery in ADA price above the $0.3600 level against the US Dollar. The price did not move above the $0.4000 resistance and declined once again. During the recent slide, it broke the $0.3500 and $0.3300 support levels. It even traded below $0.3200 to test the $0.3000 area. A low was formed at $0.2995, and the price is currently consolidating losses around the $0.3000 level.

It is testing the 23.6% Fib retracement level of the last drop from the $0.3866 high to $0.2995 low. It seems like the price may find it hard to break the $0.3200 and $0.3300 resistance levels in the short term. There is also a major declining channel forming with resistance at $0.3205 on the hourly chart of the ADA/USD pair. The channel resistance at $0.3205 is near the 23.6% Fib level. If there is a break above $0.3205, the price may correct further higher. The next major resistance is near $0.3430 and the 50% Fib retracement level of the last drop from the $0.3866 high to $0.2995 low.

On the downside, the $0.3000 level is a major support. If the price fails to stay above $0.3000, it could even trade back towards the $0.2500 level in the near term.

Hourly MACD – The MACD for ADA/USD is slowly recovering and is showing positive signs.

Continue reading
Rate this blog entry:
15 Hits
0 Comments

How Regulations Will Impact ICOs in 2018

U5drAK4CdrTqv1tFsJyYYC6rK6yLEdm_1680x8400

Cryptocurrency has been around for a number of years, but it really gained traction and popularity in 2017. It went from being the money of the future to the latest and greatest way to invest and get a great return rather quickly. Initial coin offerings (ICOs) are one of the investments that gained popularity along with cryptocurrency because they go hand in hand.

An ICO is a crowdfunding method that uses cryptocurrency instead of cash. Companies will offer tokens in exchange for a cryptocurrency that they specify. The token can then be used to purchase from that company in the future or can be sold to others. There are already numerous ICOs that are currently active and many that are scheduled for launch.

ICOs offer numerous benefits to both the companies that offer them and those who invest in them. One big benefit to companies that choose to raise funding through an ICO is that ICOs are typically much faster and easier methods of fundraising compared to other, traditional fundraising options. One of the big benefits to investors is that cryptocurrencies are quite liquid and can result in quicker returns and profits.

One of the reasons that ICOs have gained popularity and been such fast and effective ways of raising funds is their lack of regulation. Although, as they grew in popularity, there were some regulations placed on ICOs, they have been relatively unregulated up until now. Rather than having to jump through hoops, fill out paperwork, and see to it that all formalities are followed, and in some cases even ask permission, both those seeking funding and investors alike have been able to get down to business and get deals done more quickly when working through an ICO.

The lack of regulation isn’t all good, though. Because there aren’t any security protocols, and rules and regulations in place, virtually anyone can create an ICO, which means that some ICOs have been accused of being or uncovered as fraudulent. Not only is there a high number of fraudulent ICOs on the market, investors are not protected against fraudulent offerings since there aren’t many rules and regulations, and if they fall victim to a fraudulent ICO, they aren’t able to recoup the investment they have made.

Continue reading
Rate this blog entry:
10 Hits
0 Comments

California Largest State to Recognize Blockchain Records

images

California millennial Assemblyperson recently pushed a bill to recognize digital signatures and contracts recorded on the blockchain, making California one of several US States using or considering implementing the technology.

Millennial Assemblyperson Pushes Bill

Assemblymember Ian Calderon (D-Cal), who was elected to the state assembly at the age of 27 as the first ‘millennial’ assembly person, launched California assembly bill 2568 which would update existing laws to include blockchain technology for electronic signatures and contracts.

If the bill passes it would make California one of only a few states so far recognizing such technology but establish a precedent due to its size and economic importance.

California, as the most populous state in the US with 39 million citizens, commands a $2.3 trillion economy which reviles that of the entire UK would be a huge testing ground for blockchain implementation.

The new bill, which builds on the existing law dubbed the Uniform Electronic Transactions Act, paves the way for an electronic record or signature secured by the blockchain to be deemed legal and enforceable. Key revisions in the latest version include –

Continue reading
Rate this blog entry:
15 Hits
0 Comments

Ripple Price Technical Analysis – XRP/USD Tumbles Further

ripple-versucht-bestehende
Key HighlightsRipple price could not hold the $0.9000 support and moved below the $0.8400 level against the US dollar. There is a key bearish trend line forming with resistance at $0.8700 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair is trading around the $0.8400 level and is currently trading with a bearish bias.

Ripple price failed to move higher and declined against the US Dollar and Bitcoin. XRP/USD may correct a few points higher, but it could face resistance near $0.9000.

Ripple Price Upside Hurdle

There was an extension to yesterday’s decline in Ripple price from the $0.8800 swing high against the US Dollar. The price failed to hold the $0.9000 and $0.8400 support levels and declined further. An intraday low was formed at $0.8015 before price started a minor upside correction. It is currently trading above the 23.6% Fib retracement level of the last decline from the $0.9483 high to $0.8015 low.

However, there are many hurdles on the upside below the $0.9000 level. There is also a key bearish trend line forming with resistance at $0.8700 on the hourly chart of the XRP/USD pair. At the moment, the price is testing the 38.2% Fib retracement level of the last decline from the $0.9483 high to $0.8015 low. There is a chance of it moving further higher towards the $0.8700 or $0.8800 levels, but an upside break won’t be easy. Moreover, the 50% Fib retracement level of the last decline from the $0.9483 high to $0.8015 low is at $0.8749 to act as a resistance.

On the downside, the $0.8100 and $0.8000 levels are decent supports. As long as the price is above the $0.8000 handle, it could make an attempt to recover above $0.9000.

Looking at the technical indicators:

Continue reading
Rate this blog entry:
14 Hits
0 Comments

Moscow Looks to Blockchain for Fair Elections

blockchain-cogs

The city of Moscow is looking to evolve their Active Citizen polling network to log votes in upcoming elections. Thus making the election process transparent to all and tamper-free.

Active Citizens Decide for Themselves

As the white house continues to deny any allegations of collusion with Russian hackers and the FBI doggedly turns over more and more evidence of Russia’s influence on the 2016 elections the city of Moscow is making moves to make sure it can’t happen there.

Since 2014 the Russian city has had a program in place called Active Citizen. This program allows citizens to vote on big projects in order to eliminate corruption. So far citizens have cast their votes on the seat colors at the new Luzhinki stadium, whether or not to participate in a major housing renovation program and the official badges that doctors will wear in all the cities hospitals.

Blockchain Tech Can Help to Ensure Fair Election Polling

In 2017 the Active Citizen program was moved on to a Blockchain network where ideally the data can never be deleted or changed and the system cannot be hacked. Today it has added a private version of the Ethereum network to the existing architecture with a view towards implementing this into the city’s voting process.

In this way, city officials hope to soothe citizen’s fears of vote manipulation while showing the world’s governments that free and fair elections can be had in Russia.

Continue reading
Rate this blog entry:
17 Hits
0 Comments

Altcoin Analysis: NEO, EOS, LTC, DASH and Lumens

header

Bears all over guys and so far, all altcoin gains from last week’s bullish run has been reversed. LTC, EOS, NEO, Lumens and even DASH are on a down trend testing last week’s lows.

Let’s have a look at these charts:

XLM/USDXLM/USD Daily Chart for February 23, 2018

So far, Lumens sellers are trending right at last week’s lows and that’s a 100% retracement as far as price action is concerned.

Now, the thing is this week has been largely bearish-we can see that and track from what has been happening over the past couple of days.

If we zoom into the 4HR chart we notice that bear momentum is waning as candlestick are beginning to print away from the lower BB with stochastics at over sold territory.

Continue reading
Rate this blog entry:
11 Hits
0 Comments

LTCUSD Technical Analysis for 02/23/2018 – Another Break and Retest

Litecoin-network2

LTCUSD recently broke above its descending trend line to show that a reversal is underway. The 100 SMA has also crossed above the longer-term 200 SMA to show that bullish momentum is returning.

At the same time, the 50% Fibonacci retracement level lines up with the dynamic support at these moving averages. This adds to its strength as support, especially since it lines up with an area of interest around the $175 level.

However, RSI is still on the move down to show that there’s some selling pressure left. This means that a larger pullback to the 61.8% Fibonacci retracement level or even the broken trend line resistance is still possible.

Stochastic is already dipping into oversold territory and looks ready to turn higher to indicate that bullish momentum could pick up. In that case, price could resume its rally to the swing high near $250 and complete an inverse head and shoulders pattern that could lead to a longer-term climb.

Dollar demand ticked lower recently but cryptocurrencies were left behind on the risk rallies. Regulation concerns are back as the SEC charged former cryptocurrency exchange BitFunder and its founder Jon E. Montroll with fraud for allegedly running the operation as an “unregistered securities exchange” and defrauding users of that exchange.

Continue reading
Rate this blog entry:
12 Hits
0 Comments

Asian Altcoin Trading Roundup: Top Cryptocurrency is DigixDAO

0_qX0_-0oK-qJc__SR_

The selloff continues as the week ends in crypto land. Asians are leading the way and dropping their digital currencies for the third day in a row. Bitcoin has lost 8% on the day and has dropped back to just over $10k, altcoins as usual have been hit harder and are all in the red during this morning’s Asian trading session.

We have to go a long way out of the top 25 to find one that is actually up on the day. The only one in the top slot that is even in the green is Nano which we featured yesterday. Still trading higher on news of the app release, Nano is up 3.8% on the day – every other altcoin has fallen.

The next cryptocurrency that is up is DigixDAO, the gold based crypto that seems to do well when all others are falling. DGD is up 4.2% on the day, trading at $318 at the time of writing and has had a very good week gaining 34% from $235 this time last week. The only major difference with this coin is that it is based on a commodity which is why it seems to weather the storms better when all others are plummeting.

There are only 2 million DGD tokens circulating, most of which are traded on Binance which has almost 90% of the total. Market capacity currently stands at $635 million and it is ranked at number 35. $77.5 million has been traded in DGD over the past 24 hours.

All other altcoins are in the red but ones that have not taken such a hit include Ethereum, Neo, Bitcoin Gold, Rchain, and Maker. There are some bargains out there for those that like to buy the dip however the dip could keep dipping throughout the day.

Original linkOriginal author: Martin J. Young
Rate this blog entry:
10 Hits
0 Comments

Ethereum Price Technical Analysis – ETH/USD Decline Looks Real

eth_720
Key HighlightsETH price faced a lot of selling pressure recently and declined below $810 against the US Dollar. Yesterday’s highlighted major bearish trend line with current resistance at $820 is intact on the hourly chart of ETH/USD (data feed via SimpleFX). The pair may correct a few points in the short term, but it remains in a downtrend below $840.

Ethereum price extended losses against the US Dollar and Bitcoin. ETH/USD declined as low as $776 and it is currently correcting higher toward barriers.

Ethereum Price Resistance

There was no major upside move in ETH price above the $860 level against the US Dollar. The price struggled to correct higher and it started a downside move below the $840 level. It declined and broke a couple of support levels such as $810 and $800. It traded as low as $776 from where a minor upside correction was initiated. However, the price may face many barriers on the upside on the way to $810.

It has moved above the 23.6% Fib retracement level of the last decline from the $858 high to $776 low. However, there is a major resistance near $810-820. More importantly, yesterday’s highlighted major bearish trend line with current resistance at $820 is intact on the hourly chart of ETH/USD. The trend line resistance is close to the 50% Fib retracement level of the last decline from the $858 high to $776 low. Therefore, if the price corrects further from the current levels, it could face sellers near the $820 and $825 levels. Above $825, the next major barrier for buyers is at $840.

On the downside, the recent low at $776 is a key intraday support. If the price fails to stay above $776, then it could accelerate declines towards the $750 level.

Hourly MACD – The MACD is gaining pace in the bearish zone.

Continue reading
Rate this blog entry:
14 Hits
0 Comments

The 5 Top ICO Projects to Keep an Eye in February-March 2018

0_CSOjXcaW1_yZUgcD_

2018 had started with a large increase in cryptocurrency world. That success has later been a bit smudged with the slight overall market fall in mid-January, but the currencies are growing again, despite the high volatility.

Multiple projects are being developed to capitalize on growing coins and blockchain technology popularity. We outline 5 most promising projects that use Initial Coin Offering model and are making their way through the market at the end of winter and the first month of spring 2018.

1) Cappasity

The Capacity project had set its sights on developing tools to revolutionize AR/VR and 3D technologies, this project has already introduced a professional 3D digitizing solution.

The Ecosystem economy of the platform is designed to be driven by the market. Thus, the Marketplace is the key economic unit where goods turnover occurs. Using the Marketplace, participants are free to rent, sell and buy AR/VR/3D content as well as released apps. Each content file is assigned with an ID or a hash to prevent any copyright infringement. All hashes of all the files are listed in the blockchain and cannot be changed.

The API is used for synchronization with product catalogs as the Cappasity tool could be implemented for customers’ e-stores. Additionally, Cappasity tools show better compatibility with various browsers than most comparable alternatives. Cappasity.AI to analyze customer interaction with 3D content and provide a customer interest heat maps for each product.

Continue reading
Rate this blog entry:
19 Hits
0 Comments

Bitcoin Cash Price Technical Analysis – BCH/USD Breaks $1,200

bitcoincash-logo
Key PointsBitcoin cash price did not correct higher and declined below the $1,200 support against the US Dollar. There are two bearish trend lines forming with resistance at $1,250 and $1,280 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair may decline more in the near term and it could even break the $1,100 support level.

Bitcoin cash price declined further below $1,200 against the US Dollar. BCH/USD looks set to extend the current decline towards or below $1,100.

Bitcoin Cash Price Resistance

There was no stopping sellers as bitcoin cash price failed to correction above the $1,300 level against the US Dollar. The price declined and broke yesterday’s low to trade below the $1,200 level. It opened the doors for more losses and the price traded towards $1,150. A low was formed at $1,134 and it seems like the price is struggling to correct higher in the short term.

On the upside, the price is facing resistance near the 23.6% Fib retracement level of the last drop from the $1,325 high to $1,134 low. There are many resistances on the upside below the $1,300 level. More importantly, there are two bearish trend lines forming with resistance at $1,250 and $1,280 on the hourly chart of BCH/USD. The first bearish trend line is close to the 50% Fib retracement level of the last drop from the $1,325 high to $1,134 low. Therefore, a break above the $1,250 and $1,260 levels won’t be easy. Above $1,260, the second trend line at $1,280 is the next hurdle.

On the downside, the recent low of $1,134 is a short-term support. If the price breaks the stated level, it could test the $1,100 level.

Looking at the technical indicators:

Continue reading
Rate this blog entry:
17 Hits
0 Comments

Blockchain can Save the Asset Management Industry Billions Every Year

Blockchain

Digital solutions will go a long way in the financial industry. Right now, a lot of processes still require manual labor. It is cost-inefficient, cumbersome, and introduces unnecessary delays. The asset management sector can certainly benefit from the performance increase provided by blockchain technology.

Blockchain in the Financial Sector

It is evident distributed ledgers will play a big role in the future of finance. Not just in terms of banking or remittance either. Instead, new research indicates blockchain can revamp the asset management business as a whole. More specifically, the technology can automate buying and selling of funds, which will lead to major cost reductions. Giving investors more bang for their buck is always an option worth looking into.

Looking at the current daily trading volume across the busiest markets, total savings may add up to $2.7bn. That is a rather significant amount which should not be overlooked whatsoever. Using a distributed and decentralized market infrastructure will have many different benefits. Saving on costs is, perhaps, the biggest selling point in this regard.

However, the blockchain will also introduce additional transparency. It will also lead to new industry-wide standards to automate most of the financial entries recorded by different companies. As of right now, most of that information is still inputted on a manual basis. Staffers need to be paid to complete the tasks, which is both costly and time-consuming at the same time.

Transforming Asset Management Solutions

One thing most people don’t realize is how these added costs are paid by the end investor. That is a situation which needs to change sooner rather than later. A lot of money is “wasted” on manual labor which could easily be automated in this day and age. Whether or not blockchain is the best solution in this regard, remains difficult to predict.

Continue reading
Rate this blog entry:
19 Hits
0 Comments

AT&T and Bayer tap Blockchain to Disrupt Digital Advertising

blockchain-logo

Digital advertising is an industry prone to disruption in many different ways. Major brands are trying to introduce a new degree of transparency to this industry in the future. Even AT&T and Bayer are banking big on blockchain technology in this regard.

Disrupting Digital Advertising

It is unclear what the future will hold for digital advertising. The current business model suffers from a lack of transparency. At the same time, advertising fraud is on the rise. Something will need to change sooner rather than later. Bayer, the pharmaceutical giant, has been vocal about issues affecting the digital media supply chain.

More specifically, the company warned about fraud and waste since 2016. Ever since that time, very little action has been undertaken to improve that situation. Using blockchain technology to alleviate some of these concerns is certainly an option worth exploring. Bayer is working together with Amino Payments.  As such, Bayer is now experimenting with blockchain-based campaigns. It is a small step in the right direction.

Interestingly enough, there is another major player working together with Amino Payments. That is none other than AT&T, the famous telecommunications provider. That company is also concerned about the fees taken by intermediaries when it comes to digital advertising. There is no real transparency to make any proper assessments in this regard as of right now.

The Role of Blockchain Technology

AT&T has now begun experimenting with blockchain-based advertising solutions earlier this year. They see merit in the “bidded programmatic space”. It is of the utmost importance advertisers know how their budget is being spent. Without any transparency solution in place, it is impossible to determine how that plays out. If advertisers don’t get their money’s worth, there’s no reason to continue with the current digital advertising model.

Continue reading
Rate this blog entry:
15 Hits
0 Comments

UK parliament’s Treasury committee launches cryptocurrency inquiry

Untitled-6

An inquiry into cryptocurrencies has been launched by an influential UK parliamentary committee. The Treasury Select Committee of the House of Commons announced today that it will begin hearings on “digital currencies and distributed ledger technology”.

Contrary to reports on CoinDesk and elsewhere, the Treasury Select Committee is not an arm of the government or HM Treasury, and as such it can only make recommendations as opposed to laying down rules and regulations.

Nevertheless, the committee has the power to take oral and written evidence from both regulators and industry bodies as well as cross-examine individuals at its hearings. The reports of parliamentary committees can sometimes act as the foundation upon which legislation is brought forward by government.

Nicky Morgan MP, the chair of the parliamentary committee and a former secretary of state for education, says the inquiry will assess the “regulatory response” of the UK’s main financial regulator, the Financial Conduct Authority (FCA), as well as the attitude of government and the position of the Bank of England, the country’s independent central bank.

Morgan, a member of parliament for the ruling Conservative party, worries that consumers are oblivious to the lack of regulation in the cryptocurrency arena. “People are becoming increasingly aware of cryptocurrencies such as Bitcoin, but they may not be aware that they are currently unregulated in the UK, and that there is no protection for individual investors,” said the lawmaker.

Continue reading
Rate this blog entry:
16 Hits
0 Comments

Stablecoin Done Right for Traders Miners and Merchants

KryptoMoney.com-Supply-of-USDT-Tether-increaes

The crypto world needs a stablecoin it can trust. In case you are new to this game, let’s explain that a little further. No, we’re not talking about making Bitcoin, Ethereum et al less volatile. That’s something that will likely come with age. Instead, we are talking about solving a problem that confronts all crypto traders – where to hide when the going gets tough?

The market is falling precipitously and as an investor or trader you want to protect your portfolio from losses. If your coins are on an altcoin exchange that doesn’t handle fiat then your options are limited to using a token issued by Tether called UST or the lesser known Dai token from MakerDAO.

Tether, as its name suggests, has its valued tethered to that of the US dollar. This is what is known as being “pegged” in economics.

For instance, sometimes government’s peg their currency to the value of another currency. For example, The Swiss Franc was pegged to the euro between 2011 and 2015. When the euro cap was removed, the value of the Swiss Franc soared, suggesting that the currency was undervalued while it was pegged to the euro.

What’s wrong with Tether?

Continue reading
Rate this blog entry:
11 Hits
0 Comments