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Blockstream Releases First Enterprise-Grade Product on Liquid

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Security tokens are coming to Bitcoin, courtesy of Blockstream.

The Bitcoin and blockchain technology company announced on May 15, 2019, the final day of the Consensus 2019 conference, that Liquid Securities, a platform for issuing and managing security tokens on its Liquid sidechain, is ready to go live. This platform will provide Liquid and its users with its first product to issue digital assets, a foundational milestone for bringing tokenization to the Bitcoin network.

Launched in October 2018, the Liquid sidechain is an auxiliary network built on Bitcoin, primarily to enable low-fee, low-latency transfers between exchanges. Blockstream has always advertised the potential for digital asset issuance on the sidechain, a promise it has now fulfilled in collaboration with Liquid Securities’ inaugural partners TokenSoft, BnkToTheFuture, Zenus Bank and Pixelmatic.

“This is big for Liquid, to move from something that is used by exchanges toward a more advanced financial network,” Allan Piscitello, director of product management at Blockstream, told Bitcoin Magazine.

Piscitello went on to say that one of the benefits of Liquid Securities includes having an asset that is both verifiable and auditable but also private. When issuing a token on Liquid, a company can keep specific details (like supply, allocation, etc.) private while allowing a trusted third party to audit operations. This means that enterprises don’t have to trade off privacy for transparency to stay compliant with regulations, all while leveraging “one of the most secure blockchain networks in the world,” according to Piscitello.

“We’ve been speaking to financial institutions for the past year and one thing that was very common in the requests they give is that they’re looking for being able to move assets privately, they’re looking for a scalable solution as well,” Mason Borda, CEO of Token Soft, told Bitcoin Magazine. “They’re all familiar with the Liquid name.”

The platform comes with a variety of issuer controls for tailoring a token to each user’s specific use case. They can, for instance, choose to manage tokens through Liquid Securities’ API or outsource this job to one of Liquid’s partners if it’s too onerous.

There are also internal controls for managing token issuance based on criteria like regulations and geographic restrictions, among others. Piscitello believes this will help to tame the “wild west of ICOs” which frequently confront “geographic or regulatory restrictions” during token sales. It will also make it easier for companies to issue tokens because they don’t need to roll out their own smart contracts, he said.

Offering an alternative to the free-for-all model of the ICO boom, Liquid’s tokenization platform could be an attractive option to regulated players, Mushegh Tovmasyan, founder of Zenus Bank, told Bitcoin Magazine.

“Being a very regulated entity, we’ve been searching for a compliant solution for our clients and shareholders,” he said.

Companies interested in the platform can apply for early access here.

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EOS Price Prediction Today: Daily (EOS) Value Forecast – May 20

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34-Million-EOS-Officially-Burned

34-Million-EOS-Officially-Burned

  • On the upside, if the price is sustained above the EMAs, the bulls are likely to retest or break the $6.60 and $6.80 resistance levels.
  • However, if the bulls fail to break the resistance levels, the crypto’s price is likely to fall back to the range bound zone.

EOS/USD Medium-term Trend: Ranging

  • Resistance levels: $ 6.80, $7.0, $7.20.
  • Support levels: $6.20, $6, $5.80.

Last week the price of EOS was in a bullish trend. On May 16, the crypto’s price tested a high of $6.80 and was resisted. The market fell and was in a downward correction to the support level at $5.80 price level. On May 19, the crypto’s price was in a bullish move but was resisted at the $6.60 price level. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

On the upside, if the price is sustained above the EMAs, the bulls are likely to retest or break the $6.50 and $6.80 resistance levels. However, if the bulls fail to break the resistance levels, the crypto’s price is likely to fall back to the range bound zone. Meanwhile, the market is at the overbought region of the daily stochastic but below the 80% which indicates that price is in a bearish momentum and a sell signal.

EOS/USD Short-term Trend: Ranging

On the 1-hour chart, the price of EOS is in a bearish trend zone. On May 19, the crypto’s price reached a high of $6.52 but was resisted. The crypto’s price fell and was in a downward correction. The bears have broken the 0.236, 0382 and the 0.50 Fib. retracement levels.

The price is in a downtrend zone but the 0.618 retracement level is likely to hold. In other words, the price may fall to the $6.19 price level. Meanwhile, the market has reached the oversold region of the daily stochastic but below the 40% range. This indicates that the price of EOS is in a bearish momentum and sell signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Bitcoin Has Soared Above Intrinsic Value During Latest Rally, JPM Strategists Claim

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Strategists from United States banking giant JPMorgan Chase (JPM) have argued that bitcoin (BTC)’s recent rally has ostensibly soared past what they calculate to be its intrinsic value. Their analysis was reported by Bloomberg on May 20.

The strategists — who reportedly include JPMorgan global market strategist Nikolaos Panigirtzoglou —  judge that the top coin has recently been trading in a way that mirrors its late 2017 rally, which preceded a protracted price slump.

To ascertain the coin’s intrinsic value, the strategists reportedly analyzed bitcoin as a commodity and calculated its cost of production based on parameters such as estimated computational power, electricity costs and hardware energy efficiency, Bloomberg notes. They reportedly stated:

“Over the past few days, the actual price has moved sharply over marginal cost. This divergence between actual and intrinsic values carries some echoes of the spike higher in late 2017, and at the time this divergence was resolved mostly by a reduction in actual prices.”

Bitcoin — which has seen a renewed lease of life since April — has traded as high as almost $8,300 within the last week — having traded sideways below $5,000 throughout February and March. In mid-December 2018, the top coin had traded below the $3,300 mark — with its current price point thus representing a roughly 150% gain over its bear market lows.

Bitcoin’s 3-month chart, Feb. 20 — May 20 2019

Bitcoin’s 3-month chart, Feb. 20 — May 20 2019. Source: CoinMarketCap

In an apparent qualification of their analysis, JPMorgan’s strategist are cited by Bloomberg as having noted that:

“Defining an intrinsic or fair value for any cryptocurrency is clearly challenging. Indeed, views range from some researchers arguing that it has no fundamental value, to others estimating fair values well in excess of current prices.”

As reported, JPMorgan CEO Jamie Dimon has long adopted a sceptical stance toward decentralized cryptocurrencies such as bitcoin, even as he steers the megabank toward launching its own blockchain-powered native settlement digital asset, JPM Coin.

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Terrified Central Bank Attempts to Arrest Myanmar’s Bitcoin Binge

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By CCN: An emerging economy which expects to attract $5.8 billion worth of Foreign Direct Investments is belittling its goals with an anti-technology stance.

Myanmar is the latest developing country that is hinting to shut doors in the face of bitcoin, a decade-old global cryptocurrency which proposes to replace banks with a decentralized network of transaction validators and bookkeepers. Anybody with a decent internet connection can participate in the bitcoin economy, which further makes it an attractive asset for people with limited gateways to participate in global economies.

But, to the Central Bank of Myanmar (CBM), bitcoin is more a liability than an opportunity. The central bank earlier this month announced that it does not recognize bitcoin as money, stating that it would not allow Myanmarese financial institutions to accept or facilitate its transactions. The same ruling applied to cryptocurrencies having properties as that of bitcoin.

Bitcoin Adoption Booming in Myanmar

MMTimes.com reports that Myanmarese investors have been increasing their stakes in bitcoin and similar cryptocurrencies lately. Local advertising for bitcoin exchanges on social media is at its peak, which is prompting more people to board the bitcoin bandwagon. CBM fears that the process might shift a considerable capital from Myanmar’s own markets to an industry that is not theirs, which is why the central bank is discouraging people from investing in or using bitcoin and similar cryptocurrencies.

U Aung Aung, an IT professional working at a multination company in Yangon, told MMTimes that Myanmarese people like him face huge restriction on banking. He admitted purchasing some $20 worth of BTC back in 2017 after finding the cryptocurrency appealing for conducting flawless ‘global e-commerce and aid.”

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There are millions of people like Aung in the world that have entered the bitcoin economy for its underlying technological potential. The frenzy went to its peak during December 2017, when the bitcoin market valuation jumped to as high as $313.89 billion, almost five times the current GDP of Myanmar. A massive downside correction in 2018 brought the bitcoin rates almost 85-percent down. Nevertheless, the market now stands near $144 billion owing to an increase in institutional interest in first-tier countries like the US, Singapore, Japan, and Switzerland.

The Choice Between Doing an India or a Japan

CBM is now left with two options: either it can restrict people from investing in bitcoin like the Reserve Bank of India did, or it can take a proactive approach like Japan or Switzerland to make Myanmar a global hub for bitcoin-related developments.

U Nyein Chan Soe Win, the chief executive of digital commerce platform Get Myanmar, CBM does not have constitutional backing to announce an outright ban on cryptocurrencies. It is likely for the lawmakers to first define bitcoin in legal books before pursuing action against or in favor of the cryptocurrency.

“Before making crypto illegal, its impact on the local currency and compatibility with existing policies should first be analyzed and discussed,” he told MMTimes.com.

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Long-term investment and a thirst for knowledge: Meet Popular Investor Maximilien912

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Max (@Maximilien912) has been passionate about the stock market since high school and has been investing on eToro for 5 years now. He has a great passion for tech and his long-term strategy is to focus on companies that are either well-established or that he believes are about to show growth. We asked him to answer a few questions about his investment style and strategy:

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

  1. Tell us a little  about yourself. What do you do for a living? For fun? Family?

I was born in France in 1989, and lived and studied in Paris until 2012. After I got my master’s degree in Web & Multimedia, I moved to Bangkok with my wife.

I am a web entrepreneur, specialising in SEO and affiliate marketing for more than 7 years now.

My hobbies include traveling around the world, playing and watching basketball, finding new lucrative investments and spending time with my family and cats 🙂

Today I am a Popular Investor on the eToro trading platform. I have made consistent and positive earnings on eToro for more than 4 consecutive years.

I have not always been a Popular Investor and I don’t consider myself a “stock market expert,” but rather, a value investor, who continues to learn and grow with the community, sharing the best of my knowledge and experience.

  1. Where do you do your research on the stocks you invest in?

I have a great interest in companies and businesses, so I can spend hours looking at information and data about them.

I use many sources such as Seeking Alpha, Reuters, The Motley Fool, Morning Brew, Macro Trends, a French forum for investors (Devenir Rentier) and even Wikipedia for basic information about a company.

  1. Did you have previous experience with financial investments before joining eToro?

I have been really into the stock market since high school and I started to invest as early as I could, using CFDs. When I discovered eToro back in 2014, I immediately fell in love with it. It’s the simplest platform to start with and it’s simply the best in regards to the social aspect.

  1. Do you have any specific profit goals for this year? How do you plan to achieve them?

My profit goal for 2019 is to achieve growth of at least +10% without adding any risk (as of now I am at +18.5%). I focus my investments on companies which I deeply understand and which thrive in their respective industries (great net income over the years and ambitious plans for the future).

My portfolio is diversified, with about 50 companies in many industries like Technology, Financial, Consumer Goods, Healthcare, Services and others.

  1. Are there any stocks that you have your eye on but are not yet investing in?

Actually I have a lot of them 🙂

Here are some stocks/companies that I am watching carefully: Visa, Vivendi, Hermès, Kering, Yum, Nike, Microsoft, HubSpot, Shopify and Cisco.

eToro makes it very easy to follow them thanks to the Watchlist feature.

  1. What is your type of trading strategy and what is it focused on?

I prefer to use the term investing as I always buy stocks for the long run. I have a big interest in tech companies and I work with them on a daily basis, so I understand them pretty well.

I invest in companies that are already doing very well in their markets, or those which will thrive in the next few years.

Day trading has been heavily advertised to allow beginners to make “quick and easy” money – but the odds are stacked against them, like in a casino.

This is why I have built a long-term stock portfolio that is profitable, diversified and resilient.

  1. What are the benefits of being a Popular Investor?

Being a Popular Investor on eToro is a great opportunity. First we get rewarded with a monthly payment according to our AUM (assets under management).

As a voice to this huge community of traders, we are able to guide starters to make the right moves and get rewarded by copying the right people.

Besides, eToro offers a lot of support through its newsletter, this blog, webinars and meetups.

As a Popular Investor, my goal is to help my followers and copiers as much as I can, so that I can make them richer and increase my AUM.

  1. Why do you think eToro clients should copy you?

Copying my portfolio would be a great way to achieve  profitable and sustained growth over the coming months and years. As a long-term trader, I work strongly with safety positions.

Most of my investments are stocks, all in low risk conditions. I focus on companies with many consecutive years of positive net income.

A good beginning amount to copy me with is $1,000 or more. But around the world, we have different incomes, so if that’s not something you can afford, you can start with a minimum of $200.

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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Long-term investment and a thirst for knowledge: Meet Popular Investor Maximilien912

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on

Max (@Maximilien912) has been passionate about the stock market since high school and has been investing on eToro for 5 years now. He has a great passion for tech and his long-term strategy is to focus on companies that are either well-established or that he believes are about to show growth. We asked him to answer a few questions about his investment style and strategy:

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

  1. Tell us a little  about yourself. What do you do for a living? For fun? Family?

I was born in France in 1989, and lived and studied in Paris until 2012. After I got my master’s degree in Web & Multimedia, I moved to Bangkok with my wife.

I am a web entrepreneur, specialising in SEO and affiliate marketing for more than 7 years now.

My hobbies include traveling around the world, playing and watching basketball, finding new lucrative investments and spending time with my family and cats 🙂

Today I am a Popular Investor on the eToro trading platform. I have made consistent and positive earnings on eToro for more than 4 consecutive years.

I have not always been a Popular Investor and I don’t consider myself a “stock market expert,” but rather, a value investor, who continues to learn and grow with the community, sharing the best of my knowledge and experience.

  1. Where do you do your research on the stocks you invest in?

I have a great interest in companies and businesses, so I can spend hours looking at information and data about them.

I use many sources such as Seeking Alpha, Reuters, The Motley Fool, Morning Brew, Macro Trends, a French forum for investors (Devenir Rentier) and even Wikipedia for basic information about a company.

  1. Did you have previous experience with financial investments before joining eToro?

I have been really into the stock market since high school and I started to invest as early as I could, using CFDs. When I discovered eToro back in 2014, I immediately fell in love with it. It’s the simplest platform to start with and it’s simply the best in regards to the social aspect.

  1. Do you have any specific profit goals for this year? How do you plan to achieve them?

My profit goal for 2019 is to achieve growth of at least +10% without adding any risk (as of now I am at +18.5%). I focus my investments on companies which I deeply understand and which thrive in their respective industries (great net income over the years and ambitious plans for the future).

My portfolio is diversified, with about 50 companies in many industries like Technology, Financial, Consumer Goods, Healthcare, Services and others.

  1. Are there any stocks that you have your eye on but are not yet investing in?

Actually I have a lot of them 🙂

Here are some stocks/companies that I am watching carefully: Visa, Vivendi, Hermès, Kering, Yum, Nike, Microsoft, HubSpot, Shopify and Cisco.

eToro makes it very easy to follow them thanks to the Watchlist feature.

  1. What is your type of trading strategy and what is it focused on?

I prefer to use the term investing as I always buy stocks for the long run. I have a big interest in tech companies and I work with them on a daily basis, so I understand them pretty well.

I invest in companies that are already doing very well in their markets, or those which will thrive in the next few years.

Day trading has been heavily advertised to allow beginners to make “quick and easy” money – but the odds are stacked against them, like in a casino.

This is why I have built a long-term stock portfolio that is profitable, diversified and resilient.

  1. What are the benefits of being a Popular Investor?

Being a Popular Investor on eToro is a great opportunity. First we get rewarded with a monthly payment according to our AUM (assets under management).

As a voice to this huge community of traders, we are able to guide starters to make the right moves and get rewarded by copying the right people.

Besides, eToro offers a lot of support through its newsletter, this blog, webinars and meetups.

As a Popular Investor, my goal is to help my followers and copiers as much as I can, so that I can make them richer and increase my AUM.

  1. Why do you think eToro clients should copy you?

Copying my portfolio would be a great way to achieve  profitable and sustained growth over the coming months and years. As a long-term trader, I work strongly with safety positions.

Most of my investments are stocks, all in low risk conditions. I focus on companies with many consecutive years of positive net income.

A good beginning amount to copy me with is $1,000 or more. But around the world, we have different incomes, so if that’s not something you can afford, you can start with a minimum of $200.

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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