Young Europeans could ask the President of the European Central Bank questions about Bitcoin and Blockchain. #ADOPTION
The post Greg Maxwell Resigns from Blockstream to Focus on ‘Deep Protocol Work’ appeared first on CCN Bitcoin Core developer Greg Maxwell has resigned from blockchain startup Blockstream to focus his efforts on open-source protocol development. Maxwell made this announcement in an email distributed to the bitcoin-dev mailing list, adding that he had submitted his resignation in November but had only just wound down his involvement with the company. “In order to The post Greg Maxwell Resigns from Blockstream to Focus on ‘Deep Protocol Work’ appeared first on CCN
Over-The-Counter (OTC) trading is direct dealing between two parties without the involvement of any third party in between. Similarly, OTC investment is direct investment in shares and securities without the involvement of a regulatory body in between. For a long time, OTC trading was the singular most popular way of making trades and OTC investment was the only way of making investment in new ventures. Disclosure: This is a Sponsored Article It wasn’t until the development of big banks and huge stock exchanges that payment often began to involve an intermediary. This trend continued till the exchange system took over the world and the over-the-counter investment (whether digitally or manually) became heavily regulated and thus problematic for investors. How will OnPlace Boost Over-the-Counter Investment? Since P2P transactions and investment are the cornerstone of the blockchain and smart contracts revolution, it is easy to see that the new assets have a big role to play in the future of the OTC investment and trading as they enable reliable P2P transfer of funds and smart contracts that allow automatic fulfillment of agreed terms. So, a new platform for the promotion of OTC investment is a perfect application of crypto technologies. OnPlace, a new OTC investment platform, aims to use its new approach for the funding of fastest growing small and medium tech companies in the world without the role of a governmental body bearing down on the two parties. Customers can trade assets belonging to different startups and companies directly on the new OnPlace platform. Without the usual red tape, a fledgling company can raise a lot of funds through the new platform. The shares of the companies are transformed into tokenized smart contracts for each individual entity and the platform guarantees customer shareholder rights. According to OnPlace’s portfolio on Tokendesk.com: “We can say with absolute certainty that investment into private IT companies has become one of the most reliable ways to get a high return percentage on investments in a relatively short period of time. “ PATS Protocol OnPlace’s Private Assets Tokenization System (PATS) is an approach used by the OnPlace platform to convert OTC assets from IT companies into tokenized assets for investment purposes. At first, the interested company aiming for releasing tokenized assets has to follow several steps starting with the establishment of a Marketplace Opportunity Window (MOW). A selection of assets to be tokenized is done based on the criteria and communal discussions of crypto-investors. This is followed by tokenization and then circulation of these assets in the trading circles. The tokens are supported by their life cycle protocol that allows decentralized control by the token holder community. Furthermore, the decentralization of audit and integration of management principles on each tradeable assets is ensured by the protocol. So, OnPlace has gone to lengths for the purpose of establishing a private and safe solution for the OTC field. OnPlace’s Future Roadmap and Token Generation Event (TGE) The platform has been in development since 2016. It initially registered in Russia but has since moved to the USA and become a corporate entity. The platform raised over $900,000 in seed round and has since released a closed alpha version for the early backers. More than $1 million was raised during the first wave of individual backers. A pre-sale and TGE is slated for Q3 of 2018 for putting their new coins in circulation. The coins will populate the platform and will become the staple currency on it which will be used for trading OTC shares. Learn more about OnPlace – https://onplace.io
Almost everyone in the world knows by now that John McAfee is quite bullish on cryptocurrencies. More specifically, he made some interesting price predictions which will either come true or force him to eat his male parts. For the time being, McAfee advises everyone to “calm down” during the current bear market, as things will eventually bounce back. That’s solid advice, but most veteran cryptocurrency traders know all too well that these dips occur every single year. There is absolutely zero reason to be worried about the markets right now. Solid but not Exceptional Advice from John McAfee It is never fun to see the cryptocurrency markets collapse in a matter of two days. Going from a combined total market cap of over US$730 billion all the way down to the low US$400 billion range was certainly an interesting experience. Most people hope they will never live to see it happen again, but rest assured January 2018 will bring us more of the same. After all, such dips can be found on every chart when looking at January of a specific year. As to why this keeps happening, the opinions are somewhat divided right now. John McAfee is a valuable voice of reason when market dips like this one occur. He immediately took to social media to calm everyone down. It was a noble gesture, even though the message has probably fallen on deaf ears. After all, the markets remain in a very uneasy state days after the fact. It is doubtful any statement made by John McAfee will change that all of a sudden. New cryptocurrency users tend to panic when things like these happen because all they see is the short-term price change. When looking at the bigger picture, however, the recent market dip is nothing to be overly concerned about. The industry’s total market cap is 34 times higher than it was at the start of 2017. Although we had a crazy end to 2017, a lot of the year’s gains were subsequently wiped off the table. That was rather interesting, but not entirely unexpected. There is still plenty of dumb money in crypto, as people tend to invest in currencies that are worth pennies in the hopes of striking it rich. Very few of these projects have any real-life value, though. Everyone Relax! The Crypto dip was caused by Mike Bell of JP Morgan claiming Governments could ban cryptocurrencies. Well … how? This is the same company that called BTC a fraud. It's a bank FFS. They are rightfully terrified of what we are doing. But it can't be stopped. — John McAfee (@officialmcafee) January 16, 2018 According to John McAfee, the recent cryptocurrency dip was caused by Mike Bell of JP Morgan Chase. Bell claimed that governments could ban cryptocurrencies. It is evident that such statements are false, as no one can tell people not to use or trade cryptocurrency. Moreover, Bell works for a company which called Bitcoin a fraud, even though Jamie Dimon was forced to swallow those words less than a month later. The conflicting opinions on cryptocurrencies are certainly out there, but not everything is true. John McAfee is extremely confident that his Bitcoin price prediction of US$500,000 per BTC will hold up. At the time of writing, one BTC was valued at US$11,800, indicating there is still a very long way to go. Moreover, McAfee isn’t too concerned about any cryptocurrency-related taxation guidelines either. In his humble opinion, this is the “problem of the government and not mine”. It’s a very true statement, although it once again echoes something everyone with a brain should know by now. It will certainly be interesting to see what the future holds for all cryptocurrencies. Nothing has changed in recent months, other than Bitcoin becoming slower and even more expensive to use. Other cryptocurrencies have emerged, although virtually none of them have any real-life use cases right now. The markets have not behaved rationally for quite some time now, nor will they in the future. One thing’s for sure: John McAfee remains bullish and will continue to promote whatever currency can make him quick money.
The post More Retail Investors Coming? Bitcoin Investment Trust Sees 91-to-1 Stock Split appeared first on CCN Bitcoin has been gaining a lot of attention in recent months as a new asset class. Study after study has shown that millennials prefer Bitcoin to traditional asset classes. All this attention, combined with a market capitalization in the hundreds of billions has left Wall Street licking their wounds as more money flows from commission-generating The post More Retail Investors Coming? Bitcoin Investment Trust Sees 91-to-1 Stock Split appeared first on CCN
Matchpool has announced a 50,000 USD development challenge, in which entrants develop an MVP QTUM app for Matchpool’s platform. A winner of the challenge will be announced on February 18th, 2017. After a successful launch, community and connections network Matchpool seek to develop their Asia outreach, developing the QGUP model specifically for this market. Asia is formidably important within the cryptocurrency market and Matchpool endeavours to expand operations in this huge market region. Matchpool believe running a competition to develop an app will provide them with sufficient coverage. Disclosure: This is a Sponsored Article The contest is called “QTUM Dev Challenge.” It is expected that experienced developers from all over the world will take advantage of this rare opportunity to compete alongside the best in the industry. Matchpool is looking to develop a social app. Recognising the importance of social media and how pervasive it is in everyday life. Viral marketing and platform basis is the way to go. Matchpool has shared some specifics of the platform they would like to see: Paid “in-app” services Multiple forms of cryptocurrency accepted including $QGUPs Fully designed and operational Multilingual (Japan / China / Korea ) The team that develops the best MVP for the app will win a $50,000 cash prize as well as 5% of all QTUM tokens. The competition is already live, having started on the 8th of January and will run up to the 8th of February. Once the MVP is complete the 50,000USD prize will be paid in 4 monthly payments upon MVP delivery. The Matchpool vision is to create and give everyone matchmaking tools that incentivise positive connections between all of us all over the world. Matchpool uses cryptocurrency as its payment method. This will aid the community in providing value to the entirety of the network. We will offer products that provide solutions for community owners to run successful businesses. QTUM is a blockchain project that was created with the intention of facilitating the inter-connectivity of other mainstream cryptocurrencies such as Bitcoin and Ethereum. The Qtum Foundation has recently announced that it will be combining its efforts with ‘360 Blockchain Research Center’ and BTN Foundation in a bid to create China’s first ever blockchain laboratory. This collaboration will aim to promote the continued development and commercialization of blockchain technology. Previous to this news QTUM recorded a rise in value from $26.67 USD on December 17, 2017, to $56.06, capping off an increase in the value of 189% within 24 hours.
Cryptocurrency traders all over the world are pleased to see the markets heading back in the right direction. This is good news for currencies which lost a lot of value recently such as EOS. More specifically, the EOS price dipped all the way to US$8 after setting an all-time high at US$18.05 not that long ago. Reclaiming this lost territory will not be an easy feat, but it seems the EOS price is slowly moving back up as we speak. EOS Eyes $15 Target One of the golden rules of cryptocurrency is that one should never panic sell unless they are in profit. Anyone falling victim to panic selling at a loss is throwing money away. Cryptocurrency markets are inherently volatile, and every big rise is followed by a big dip. That dip is then followed by another steady rise virtually every single time. The EOS price is no exception in this regard, even though a drop from US$18 to US$8 is quite steep. There are people who sold EOS at US$8 or slightly higher just a few days ago. Had those people held their coins, they could have now sold them for US$14.40 each without doing anything but being patient. Everyone with a brain knew that all cryptocurrency markets would recover, regardless of what the Bitcoin price happened to be. In the case of EOS, its price is only US$4 removed from the all-time high, having recovered over half of the value lost in just two and a half days. Every time someone sells cryptocurrency, there is someone else buying it for that same value. Anyone who bought EOS below US$10 will have greatly profited already, and it seems there is a lot of room left for future gains as well. Although reaching a new all-time high may not happen quickly, it seems the EOS price is poised to do so at some point in the very near future. Reaching a value of US$20 isn’t unfeasible whatsoever, but the markets will remain unpredictable first and foremost. Additionally, EOS has seen over US$2.18 billion in 24-hour trading volume, which is rather impressive. A lot of altcoins would give an arm and a leg for this kind of volume, but EOS seems to have generated it without too many problems. If this trend keeps up, we will see the EOS price surpass US$15 rather soon, and its market cap will eventually start to climb toward US$10 billion again. It’s a very interesting situation well worth keeping an eye on. Not surprisingly, the vast majority of EOS’s 24-hour trading volume – over 64.7% of it – comes from the Bithumb exchange. Because that exchange is virtually irrelevant to the rest of the world, Huobi is the busiest exchange for Western traders. Its volume is very similar to that of Bitfinex and Binance. Of these three platforms, Bitfinex is the only one with an actual USD pair to inject fresh capital into this altcoin. It is good to see a USDT pair in there as well, though. For now, it remains unclear what the coming days will bring for the EOS price. An increase seems likely if this trend keeps up, but we may very well see a major retracement affecting all cryptocurrencies come Monday. It is almost impossible to make any sense of the cryptocurrency markets right now, even though the momentum is clearly bullish for now. It’s not unlikely that EOS is one of the first altcoins to set a new all-time high after the recent Big Dip.
Cryptocurrency users all over the world are pleased to see the markets head back in the right direction as of right now. This is good news for currencies which lost a lot of value, such as EOS. More specifically, The EOS price dripped all the way down to $8, after setting an all-time high at $18.05 not that long ago. Reclaiming this lost territory will not be an easy feat, but it seems the EOS price is slowly moving back up as we speak. EOS Price Eyes that $15 Target One of the golden rules of cryptocurrency is how one should never panic sell, unless you are still in profit. Anyone else falling victim to panic selling at a loss is throwing money away. Cryptocurrency markets are inherently volatile, and every big rise is followed by a big dip. That dip is then followed by another steady rise, which is how things go virtually every single time. The EOS price is no exception in this regard, even though a drop from $18 to $8 is quite steep in this regard. More specifically, there are people who sold EOS at $8 or slightly more just a few days ago. Had those people held their coins, they could now sell them for $14.4 each without doing anything but being patient. Everyone with a brain knew all cryptocurrency markets would recover, regardless of what the Bitcoin price is at that time. In the case of the EOS price, it is only $4 removed from its all-time high, recovering over half of value lost in just two and a half days. Every time someone sells cryptocurrency, there is someone else buying it for that specific value. Anyone bought bought in at an EOS price of below $10 will be in big profit already, and it seems there is a lot of room left for future gains as well. Although reaching a new all-time high may not happen quickly, it seems the EOS price is poised to do so at some point in the very near future. Reaching a value of $20 isn’t unfeasible whatsoever, but the markets will remain unpredictable first and foremost. Additionally, EOS has over $2.18bn in 24-hour trading volume, which is rather impressive. A lot of altcoins would give an arm and a leg for this kind of volume, but EOS seems to generate it without too many problems right now. If this trend keeps up, we will see the EOS price above $15 rather soon and the market cap will eventually start to climb toward $10bn again. A very interesting situation well worth keeping an eye on. Not surprisingly, the vast majority of EOS trading volume – over 64.7% even – comes from the Bithumb exchange. Considering how this exchange is virtually irrelevant to the rest of the world, it makes Huobi the largest exchange for Western traders. Their volume is very similar to that of Bitfinex and Binance. Of these three platforms, Bitfinex is the only one with an actual USD pair to inject fresh capital into this altcoin market. It is good to see a USDT pair in there as well, though. For now, it remains unclear what the coming days will bring for the EOS price. A price increase seems likely if this trend keeps up, but we may very well see a major retrace of all cryptocurrencies come Monday. It is almost impossible to make any sense of the cryptocurrency markets right now, even though the momentum is clearly in favor of prices going up in the near future. It’s not unlikely EOS may be one of the first altcoins to set a new all-time high after the recent Big Dip.
The GDAX trading platform has become a lot more popular over the past few months. There are several reasons for this growth, including the general influx of new cryptocurrency traders. The company has also been looking for ways to integrate Bitcoin Cash. European users have had to wait for access to a euro market due to insufficient liquidity. That wait is almost over, as the market will go live on January 24. BCH-EUR Market is Coming to GDAX Ever since GDAX announced support for Bitcoin Cash, there has been a lot of excitement among BCH users. More specifically, there is genuine interest in this alternative version of Bitcoin, mainly because it is both cheaper and faster to use. As a result, the “airdropped” currency has soared in value, even though it is far away from its all-time high right now. With all cryptocurrency markets recovering, prices will eventually go back to normal, though. The launch of BCH trading on GDAX has not been without its issues, mind you. The trading had to be halted within the first 24 hours because people were clearly manipulating the price. Those matters have finally been resolved, as BCH-USD trading is available on the platform once again. So far, it seems to be generating a fair amount of volume, though it’s nothing spectacular. The exchange is still a more than welcome addition to the list of trading platforms supporting fiat gateways for BCH. One thing clearly lacking, however, is a BCH-EUR market. GDAX offers EUR-based markets for all other currencies it currently supports, yet Bitcoin Cash is not one of them. The company decided not to offer this market due to a clear lack of liquidity. It was a rather interesting decision at the time, although everyone knew it was merely a temporary measure. At that time, there was no indication if and when such a market would ever be added to GDAX. In a recent tweet, the company announced this new fiat currency trading pair would go live on the platform on January 24. It is great news for all Bitcoin Cash supporters, even though Europe is a very small market for all cryptocurrencies these days. It is far less significant than the USD and KRW markets right now. Even so, more liquidity related to fiat currencies can never be considered a bad thing. There are very few options when it comes to BCH/EUR trading right now. In fact, the only other exchange offering this market is Kraken. Its BCH/EUR market generated US$22.6 million in volume over the past 24 hours, which is not spectacular. It will be interesting to see if GDAX can do better in this regard once its new market goes live. Some competition among fiat currency exchanges is definitely a good thing, as there is a growing need for such solutions. The European cryptocurrency markets will need to expand at some point, and GDAX may be the platform that facilitates that. For the time being, we will have to wait and see how all of this affects the Bitcoin Cash price in the future. The cryptocurrency markets are still experiencing some bearish momentum after the onslaught earlier this week. Slowly but surely, things are heading back in the right direction, but there is still a lot of work to be done. We can only hope no one will try to manipulate the new market’s order book once trading goes live.
The topic of cryptocurrency regulation has been kicked around multiple times now. No two governments share the same opinion on this topic. As a result, we see fractured attempts at either legalizing or banning cryptocurrency in specific nations. France and Germany will propose their joint Bitcoin regulation at the upcoming G20 summit. Efforts like these ultimately serve no purpose, as cryptocurrency cannot be regulated by any government or entity. Another Attempt at Regulating Bitcoin One would expect governments around the world to get the point after a while. Despite numerous attempts all over the world, no one can regulate cryptocurrency, by definition. There is no centralized authority, no CEO, and no overarching company controlling all of these decentralized networks. It is uncanny how governments still think they can impose rules in this regard. France and Germany certainly feel it is their mission to regulate cryptocurrencies in the near future. It is likely those efforts will be in vain once again. These two European nations have come up with a joint analysis of the risks linked to Bitcoin and other cryptocurrencies. As a result, they will propose some form of regulation to put these issues to bed. For now, no one knows for sure if this means cryptocurrencies will be legalized or completely banned. The latter scenario would have no real impact anyway, as people will trade cryptocurrencies regardless of governmental approval. This proposal will be submitted to their G20 counterparts at the next summit in Argentina in March. One would expect these global leaders to address the real problems in the financial world such as banks opening fake accounts with customer information, widespread money laundering, and so forth. It is good to see them pay some attention to Bitcoin as well, although it remains to be seen what all of this entails exactly. Considering that Bitcoin and other cryptocurrencies made a big impact throughout 2017, such regulatory measures were bound to surface sooner or later. It is evident there is a lot of hype and speculation associated with these markets. The risk of financial loss is very real; that much no one will deny. At the same time, the same can be said for any other form of investment in the world as well. Everything is a risk in life, and cryptocurrencies should not be treated any differently. If there is one silver lining in all of this, it is how the proposal is aimed at “reducing the risks” rather than banning Bitcoin and everything else that falls into the same category. This seems to hint at more regulatory measures for exchanges and other trading platforms first and foremost. All of these companies already verify users’ identities and impose limits on how much cryptocurrency users can buy per day. It is unclear what more such companies could do, but we will have to wait until the next G20 summit to find out what France and Germany have in mind. This news is interesting for another reason as well. The ECB and IMF have both made it clear they do not intend to regulate Bitcoin or any other cryptocurrency anytime soon. Neither entity feels it is its place to do anything about these markets since they cannot be controlled. France and Germany are going in against the wishes of both of these institutions, which may create some friction down the line. An interesting future lies ahead for all cryptocurrencies, regardless of what governments may decide to do about this industry.