Cryptoiscoming

ICOs in 2018 – Still Worth It?

Posted on October 18, 2018October 19, 2018 by Conor Maloney

Over the last few years, ICOs have taken the world by storm with a record-breaking $13.6 billion raised in 2018 alone.

The untapped resource of eager, non-accredited investors (AKA regular people interested in investing without the $1 million required to get accredited and play in the big leagues) proved to be incredibly lucrative and demonstrated that people all over the world are interested in investing but simply haven’t had access to that world.

That all changed when ICOs came to power – unregulated ICOs dealing in money not officially recognized as legal tender selling promises of returns on products that were often just barely in the concept stage.

It was an incredible time, showcasing the buying power of the public as well as wealthier investors.

It was also, of course, a recipe for disaster.

ICO teams played fast and loose with what little rules there were, and while there were many genuinely great projects that delivered and enriched investors at the same time, the majority of them were failures, and worse, at least 1 in 5 of them were straight up scams with no intention of delivering a product.

That brought the SEC and other government regulators along, kickstarting a wave of investigations trying to determine instances of fraud and selling unlicensed securities, the latter of which something even investors could get in trouble for participating in.

So where does that leave the ICO space now?

ICOs Today

It may surprise you to learn that recent research from Bitmex shows that ICOs have already sold almost as much Ethereum as they raised. Bitmex worked with TokenAnalyst to track the Ethereum balances of ICO projects over time, taking into account the amount of Ethereum raised and the US value of the gains and losses for each project over time due to the fluctuation in the market price of Ethereum.

“We conclude that rather than suffering because of the recent fall in the value of Ethereum, at the macro level, the projects appear to have already sold almost as much Ethereum as they raised (in US$ terms). Of the Ethereum still held by the projects, even at the current c$230 price, projects are still sitting on unrealised gains, rather than losses.”

The company believes that in the ICO space there is $93 million in unrealized gains even now in this bear market that has seen the price of Ethereum plummet 85% from its ATH at the end of 2017, and states that despite appearances, ICOs are technically sitting at a net (unrealized) profit.

Of course, actually realizing that profit would tank the price, right? Here’s what Bitmex has to say about that.

“The 3.8m Ethereum still on the balance sheets of these projects may not have that much of an impact on the Ethereum price, as it represents a reasonably small proportion of the 102 million supply of Ethereum. At the same time, on a macro level, the projects may be feeling reasonably confident rather than needing to panic sell.”

It’s surprising to hear, but in that sense ICOs were actually a roaring success despite the unwanted government attention and the hordes of scammers trying to get in on the action.

Many people certainly made a fortune, and the power of crowdfunding has perhaps never been more strongly demonstrated in human history – quite a legacy for something viewed these days with a measure of disdain.

The Problem With ICOs

Of course, the fact remains that ICOs didn’t work out quite as many people expected them to, a point that is summed up all too well by head analyst at The Block Crypto, Larry Cermack.

1/ Just a year ago, many people though ICOs were going to disrupt the whole venture capital (VC) industry. Today, we already know how ridiculous that claim was. The price of ICO tokens is tanking – 70% of tokens are now valued at less than what was raised during their ICO. pic.twitter.com/ldYmkUkwr5

— Larry Cermak (@lawmaster) October 1, 2018

70% of tokens are now valued at less than what was raised during the ICO stage – ouch. The bear market has certainly hit crypto hard, but that’s not the only point Larry is making.

SEC classification of many ICO tokens as securities has been huge, and while that axe has yet to fully swing down on the heads of investors and fundraisers, the pressure is being felt by all. Immediately, even the statement that most ICOs are likely selling securities cripples the new fundraising technique in terms of its ability to challenge VC funding.

The SEC has the power to retroactively decide that an ICO was selling securities back in 2016, for example, and then fine and potentially even imprison not only the ICO team but the investors as well. Such a model has doomed many ICO projects which had little to offer other than the promise of high returns, although Bitcoin’s commodity status leaves it safe from harm while Ethereum is also exempt from security status due to the genuine utility of the token beyond representing a share in the success of the Ethereum platform.

3/ The amount that was raised through ICOs as well as the number of projects successfully completing an ICO is the lowest level in more than a year. Does this mean that the crypto/blockchain companies are being funded less? Nope and @DiarNewsletter brings the analysis this week. pic.twitter.com/HMpz9z0w3Z

— Larry Cermak (@lawmaster) October 1, 2018

Here’s another fun fact from Larry – while 2018 has been a record-breaking year for ICOs, ICO fundraising efforts in Q4 have been absolutely dismal, reaching yearly lows in August and sinking lower still in September.

He notes a trend in the ICO vs VC struggle, with dominance shifting back to VC funding as investors and companies shy away from the ICO model.

“Diar found that while projects are now more reluctant to raise capital through ICOs, they have turned back to VC. In just the three quarters of 2018, blockchain and crypto companies have raised nearly $3.9 billion through traditional VC. On track to raise more than $5 billion.”

That’s 280% more than last year, if anyone was wondering.

The largest VC investor in blockchain and crypto this year was Barry Silbert’s Digital Currency Group which made 115 investments into various projects, more than twice as many as the next on the list which is Blockchain Capital.

12/ The rise of VC funding in blockchain companies brings a much needed reality check for ICOs. VC is a resilient industry that won’t go away anytime soon. And mostly for good reasons. ICOs are now nothing but a failed experiment.

— Larry Cermak (@lawmaster) October 1, 2018

ICOs may be on the decline – but an emerging hybrid solution may be able to continue to allow regular people to get in on the securities market without breaking regulations

The New Way To Crowdfund Crypto

Initial Security Offerings, or ISOs, may be the answer to the regulatory (and corresponding fraud) problems with ICOs. A regulated cryto-crowdfunding vehicle that admits it’s selling securities, complies with regulators, and then sells tokenized securities to the masses. This allows investors to buy token shares in securities like shares and bonds without needing to be accredited and without needing to make a huge mininum investment.

This model could still challenge VC fundraising for the everyday investor – so keep an eye out for it!

Crypto is comin!

Subscribe to our newsletter

Interested in other cool crypto content? Check out Promether launching a Telegram Killer? and Tezos: A Sleeping Giant?

UAE regulators to allow ICOs to boost capital markets for local companies

Posted on October 10, 2018October 10, 2018 by wiredshut2

The United Arab Emirates (U.A.E) has announced plans of permitting Initial Coin Offerings (ICOs) as a method of raising capital for domestic companies. The country is looking to put up a legislative framework to be introduced in 2019. The new rules will open an avenue for local corporations to raise capital through crypto token sales. This will be an alternative to the traditional Initial Public Offers (IPOs) according to a news report published on Monday by Reuters.

Dampened IPO activity in U.A.E

While announcing the move, head of U.A.E’s securities watchdog Obaid Saif Al Zaabi alluded to a dampened environment for IPOs in the country. He indicated that a double-whammy of low oil prices and lackluster equities markets in recent years have decreased IPO performance in U.A.E as well as in the neighboring nations. One of the ways of dealing with this situation is by boosting the number of IPOs by allowing family owners to sell up to 100 percent of firms under their control. This will be done by drawing up a new law which measure is currently awaiting approval from the Prime Minister’s office.

Draft rules

The nation’s regulator, in conjunction with advisers from outside the country, stock markets in Abu Dhabi and Dubai to prepare trading platforms for the new digital assets. The laws are intended to provide a legal basis for ICOs which are currently unavailable. Once passed, the nation will become among the first countries in the world to establish a regulatory framework for the blockchain funding method.

Other Jurisprudential approaches to ICOs

Nations have moved in to legislate frameworks for cryptocurrency and blockchain technology so as to avoid missing out. Malta, for instance recently passed several bills to provide a legal basis for ICOs. It hopes to become a ‘Blockchain island’. Its Prime Minister recently addressed the United Nations on the subject. He said that cryptocurrency is the inevitable future of money to the world. Another case in point is Bermuda who are hoping to attract more businesses to the island by providing enabling laws that would allow ICOs under certain conditions. Bermuda has also put in place a standing task force geared towards boosting cryptocurrency commerce.

Subscribe to our newsletter

Interested in other cool crypto content? Check out Promether launching a Telegram Killer? and Tezos: A Sleeping Giant?

What Is Quizando?

Posted on August 23, 2018August 23, 2018 by Conor Maloney

Since the invention of social media platforms like Youtube, Snapchat, Facebook, Instagram and Twitter amazing people have been sharing opinions, likes and dislikes, and outstanding content with the world… and steadily growing their audiences.

Some of the lucky ones, have built audiences massive 100+ Million audiences, allowing them to seriously cash in on their celebrity status.

But what about all those amazing content creators on youtube, snapchat, instagram, and twitter who build audiences of 10K, 50K, 100 K audiences? How do they monitize the hours they put in to making amazing content?

To make any revenue from the audiences they need to work hard at getting endorsement deals, look for related affiliates and constantly promote products or set up a separate business on which they can monetize their influence – instead of focusing on what they do best, which is create amazing content.

And this is where Quizando Live Comes in. They want to help influencers around the world monitize their influence easily without the need to be a business expert or turning their channels into a constant adverts.

Quizando Live is where influencers, large and small, get to host their own quizzes in real time via video link. All of a sudden, people with small, medium or even large social media followings have a quick, simple and easy way to make money from their followers.

Influencers will be able to easily set up a quiz on any category, promote it to their followers and earn instant money for every player who joins their game.

Project – What is Quizando?

The Quizando project is a state-of-the-art quiz delivery system enabling players to participate in a gaming ecosystem that rewards them with cash prizes.

How’s your trivia?

Quizando pays out cash for players who excel at trivia and quiz games, finally allowing you to put all that random knowledge you’ve accumulated to good use! The project is the first of its kind in the world, and has remained unique in the cryptogaming space since a soft launch in 2017. Quizando now has thousands of active players signing up to the platform every month despite the fact that it’s currently only operating in beta testing mode, a very strong indicator that it could really take off when fully operational.

At the moment there are three types of games available on Quizando: Last Man Standing, Head to Head, and Classic.

Last Man Standing is a fun and exciting quiz in which hundreds of thousands of people can compete at the same time, answering exactly the same questions. As more players are eliminated, tension builds until it’s down from thousands to hundreds, to tens, to the final two players – to the last man standing.

Head to Head is a more social game where players build their own quizzes and challenge friends, family, other users or even complete strangers to a quiz on a specific topic with a specific duration. The more people join, the bigger the pot! That means the more people you can bring into a game, the higher the cash prize is at the end.

Classic mode is the backbone of the platform consisting of simple leaderboard-based games which run for a two-week period and are playable at any time of day or night.

Quizando has been actively developing more game styles and variations which will be ready to go once the platform is upgraded and more scalable. Because the platform has been revenue positive and monetizeda from day one, the project is essentially ahead of the game and in a unique position to dominate the potentially vast but still untapped quiz game market in the crypto space. Watch this space!

Quizando Live

Quizando Live is an exciting aspect of the platform in which influencers will host and live stream their own Last Man Standing quizzes to a live audience of their followers! This enables anyone with a social media following of any size to have access to a fun and rewarding way of generating revenue with their followers while entertaining them at the same time.

Spending hours making videos to garner a social media following doesn’t always pay off like it should in the highly competitive world of social media influencing, and it’s not always easy to get your content out there to your viewers. Quizando provides a fun and engaging way to promote content in a way that followers will enjoy.

Set up a quiz, promote it to followers who will share with their friends who they want to get in on the action. Subscribers are happy because they’re having fun, and influencers are happy because their subscribers are engaging in a meaningful way that earns real money at the same time.

Quizando by itself has proven to be a viable and financially rewarding business model, but the addition of Quizando Live will not only take it to a whole new revenue level, it will change the lives of influencers around the globe.

The relationship between Quizando and influencers is a two way street – as more influencers are attracted to the platform, more players are brought into the fold thus increasing the userbase of the platform until Quizando reaches a critical mass of hosts, players and profitability.

Already on board as a Quizando influencer is the wildly popular Boyce Avenue, the most widely viewed independent band in the world with over 11 million subscribers on Youtube alone.

The Market

ICO Details

Tokens available For Private Placement / ICO:

231,600,000 QUIZ

Hard Cap:

$1,795,000 or equivalent in any ratio of USD/EUR, BTC and/or ETH, (subject to Exchange rate)

Price:

$0.01 or equivalent in any ratio of USD/EUR, BTC and/or ETH, (subject to Exchange rate)

Private Placement Bonus:

75% For the first $ 386,000 contributions. 40% for subsequent $ 579,000 in contributions.

Private Placement:

1st August 2018 to 14th September 2018

Pre ICO:

15th September 2018 to 30th September 2018

Launch of Crowd Funding Event:

1st October 2018 to 30th November 2018

Minimum Private Placement per Contributor:

$6,000 or equivalent in any ratio of USD/EUR, BTC and/or ETH, (subject to Exchange rate)

Token Distribution

24% Token Offer (ICO)

20% Reserved for Development Fund

16% Reserved for Group Liquidity

10% Reserved for Advisors & Influencers

10% Reserved for Strategic Acquisition Fund

10% Reserved for the Team

5% Reserved for Affiliates

5% Reserved for Marketing

Allocation of Funds

15% Operational Expenses

17% Wages

21% Marketing/Affiliates/Influencers

10% New Project Development

23% Quizando Development

14% Initial Capex

Note: The minimum investment is $6,000 or equivalent in any ratio of BTC/USD/ETH/EUR.

Tokenomics

The Quizando token is called Quiz, and it plays a vital role in the Quiazndo ecosystem.

The team states their goal of ensuring that the token has value and is also extensively used on the platform, and that’s exactly the mindset with which the token was carefully designed. The relaunched verion of Quizanfo has an ecosystem designed to pass a huge range of benefits directly over to QUIZ owners. Players deposit and withdraw funds to and from their game wallets both in traditional currencies and QUIZ – this ensures a wider range of users than limiting it to fiat or crypto only.

However, only QUIZ users depositing QUIZ tokens to their game wallets can receive Reward Points which can then be used on exclusive content, which encourages use and adoption og the platform’s native cryptocurrency. Reward Points grant access to special prize games, celebrity quizzes, major prize quizzes, and free turns on selected in-house quizzes.

Throughout the relaunched platform players will be encouraged to buy QUIZ and use it to make their deposits in order to avail themselves of these brilliant bonus features in order to ensure QUIZ is used, valued and appreciated by the community from day one. The total supply of QUIZ is 231,600,000.

Team

The team is a Maltese-based group of experienced entrepreneurs and businesspeople with many successful ventures and companies under their belt which have provided services adopted by the Maltese government and people.

James Calvert: CEO

One of the early innovators in Malta’s digital sector, James was a founder of Findit.com.mt, the first online business directory in Malta, and Untangled Media, a digital services company. He currently holds executive positions with Findit Limited and Untangled Media Limited, and has overseen first stage development and the beta operations of Quizando. James has more than a decade of experience in launching online business enterprises and seeing them through to maturity. He is also a founder of Malta Pass, an online tourism product unique to the country.

Wesley Ellul: CCO

Wesley brings a wealth of digital experience to the table. He has overseen the development and creation of a huge number of websites including the original Findit plus portals for Gozo Channel, Malta Football Association, UEFA, Farsons, Malta International Airport and Avis. He is also one of the founders of Ticketline.com.mt, Malta’s leading ticketing services provider and Big Ticket Events, one of Malta’s top large-scale events organisers and promoters. Wesley will be focusing his attention on community building and management.

The project is active on Telegram, Twitter, LinkedIn, and via their website. You can read the project white paper here and sign up to the whitelist here.

This is a sponsored story.

Remember folks, Crypto is comin!

Subscribe to our newsletter

Interested in other cool crypto posts….check out Estimated Bitcoin Carbon Footprint and Bitmain IPO could be massive!.

The Raven’s Dispatch – August 16, 2018 – Why Peter Schiff is Wrong About Bitcoin

Posted on August 16, 2018August 16, 2018 by wiredshut2

Why the beef, Peter?

Peter Schiff is pretty OG. He’s involved in everything from stocks, commentator, CEO, and radio personality. The dude even ran for US Senate. He’s ambitious. He’s also an outspoken critic of Bitcoin. With such a large pulpit, what he says carries weight.

An apearnace on Joe Roggans podcast showed fundamental misunderstandings of Bitcoin and cryptocurrency. From claiming Bitcoin is a tlip bubble, that Bitcoin has no inherrent value, lack of adoption by retailers, and the list goes on. And we are here to set the record straight. Read the full rebuttal on Why Peter Schiff is Wrong About Bitcoin here.

There been lots of chatter about how much marketcap we’re losing during this recent sell off, but let’s not forget the crypto marketcap year over year we are still up 58% ($135m Aug 2017, $214m Aug 2018). So yes we are struggling with price now, but the market continues to grow and bring in new investors. The overall cryptocurrency market played nice the past week moving from $224bln to $209bln representing a 6% decline, but it was ETH that stole the show with an incredible sell off.

Bitcoin (BTC): The past three weeks have been brutal. There’s no other way to spin it. Week to week price action was very volatile topping off at $6,600 and reaching lows of $5,985. Bitcoins has settled at $6,340 representing a slight gain of 2% the past week.

Ethereum (ETH): What.A.Beating. I don’t think anyone expected to see this sell off. Let’s take a look at the month to give us some perspective. In July ETH reached highs of $500 while also experiencing an $11m spike in volume. Check back today and we are sitting at $290 representing a crushing 42% decline in the past 30 days. Are ICOs to blame?

Monero (XMR): Monero is the top dawg amongst the privacy coins. Monero is a private, anonymous, fungible coin with a number of appealing advantages over pseudonymous coins like Bitcoin. It’s not possible to trace a person’s spending of Monero with their public key. In fact, Monero uses a completely different system with multiple keys and signatures to ensure this.

Monero has many other features such as stealth addresses, ring signatures (to protect senders), is ASIC resistant, and dynamically scalable. Of the privacy coins, and cryptocurrency in general, Monero is one to keep a close eye on.

If you want to know more check out our guide What is Monero.

WHAT’S NEW AT CRYPTO IS COMING

Why Peter Schiff is Wrong About Bitcoin – Euro Pacific Capital CEO Peter Schiff is a businessman, former US Sentate canditate, an outspoken critic of Bitcoin – and he’s completely wrong.

How Market Volatility, Illiquidity Can Be Quite Profitable for Bitcoin Traders – We examine some identifiable factors for the profitability of Bitcoin trading. Join us and learn.

Bank of China To Increase Investment in Blockchain Technology – At a press conference on August 9, the Bank of China announced it would increase its investment in innovation, research, and development. Holding 11 blockchain patents, the bank ranks first in the domestic banking industry.

Estimating Bitcoin Annual Carbon Footprint – With fresh new research available we take another look at whether the massive cost of the Bitcoin network to the environment justified the project itself.

Northern Bitcoin Enters New Phase of Growth – As a pioneer in the world of cryptocurrency, Northern Bitcoin, based out of Frankfurt, Germany, specializes in the eco-friendly Bitcoin mining.

Financial Conduct Authority Issues warning on “clone” companies in the UK – The United Kingdom financial regulator FCA has issued a warning to investors about clone firms of that operate under the guise they are registered by the FCA.

Indian Government may Launch Crypto Tokens for Financial Transactions in the Country – The government in Indian may launch crypto tokens for financial transactions in the country. This is happening at a time when cryptocurrencies had been ban in the country sometime back.

Ukraine Plans on Recognizing Cryptocurrencies as Financial Instruments – A government official stated crypto assets are not currencies, but more similar to stocks or bonds. This decision comes after an initial announcement regarding regulation of crypto trading.

CRYPTOCURRENCY NEWS FROM AROUND THE INTERNET

– CoinShares, a digital asset management firm domiciled in the Channel Island of Jersey, has announced a bitcoin exchange-traded note (ETN) product that Americans can now get their hands on more easily

The SEC Will Decide on 9 Bitcoin ETFs in the Next 2 Months – The U.S. Securities and Exchange Commission (SEC) is set to make final decisions on nine proposed bitcoin exchange-traded funds (ETFs) in the next two months.

South Korea Budgets $4.4 Billion For Blockchain And Other Technologies – The government of South Korea has announced the budget for 2019, of which $4.4 billion (5 trillion South Korean won) will be spent to develop innovative technologies.

China’s Communist Party published a guide to blockchain – The publisher of the Communist Party-affiliated newspaper, People’s Daily, has published a blockchain guide called Blockchain—a Guide for Officials

Bitmain Holds Nearly 6% of Bitcoin Cash Supply, Accused of Price Manipulation for IPO – Surfaced documents suggest that Bitmain has accumulated nearly $1 billion worth of Bitcoin Cash, raising eyebrows over the cryptocurrency’s role in a prospective $18 billion initial public offering (IPO).

Crypto firm Pantera Capital is looking to raise up to $175 million for a new venture fund – Pantera Capital, a San Francisco firm that has made its mark in recent years by investing early and often in a wide variety of digital assets, is looking to raise up to $175 million for its third venture fund

Dead Coin Walking: BitConnect Set to Be Delisted from Last Crypto Exchange – Seriosuly, what took so long?

Volumes Surge on Turkey’s Crypto Exchanges as Lira Tanks – Trading volume on Turkey’s cryptocurrency exchanges surged Friday as the country’s fiat currency plunged to record lows on economic jitters. And they say crypto has no inherent value.

Binance CEO teases demo of its new decentralized exchange desk – Binance has been working on a new decentralized version of its platform , and it appears CEO Changpeng Zhao is finally ready to share a glimpse into the upcoming project.

Could Cryptocurrencies Eradicate Corruption In The Beautiful Game? – Gibraltar United who play in the Gibraltar Football League’s Premier Division has announced that they will give their players the opportunity to be paid in cryptocurrency over the upcoming season.

ICOs Being Blamed For Ethereum (ETH) Sinking Price – The massive number of ICOs being built on the Ethereum blockchain was the primary catalyst for Ether’s price gain, now the very same usability is leading to price decline that is outpacing Bitcoin

Thank you for joining us for this weeks The Raven’s Dispatch! Don’t forget to sign up for our newsletter so you can receive notifications via email that a new Dispatch was released! Also if you have any interesting news you would like to submit contact us at info@cryptoiscoming.com

Like us on Facebook

Visit our crypto swag store on Teespring

The Raven’s Dispatch – August 7, 2018 – Thieves Steal Over $5 Million BTC by Hijacking SIM Cards

Posted on August 8, 2018 by wiredshut2

It seems like every week someone elses crypto gets stolen

Once again hackers find creative to hack up to $5 million from unsuspecting people. 40 people to be exact. And the cheeky hacker even had the stones to hack phones at Consensus. This hacker is my kind of scum. This is the first known form of this hacking, known as Sim Hacking, in order to steal crypto currency. What is Sim Swapping? A mobile phone SIM card stores user data in Global System for Mobile phones. Without a SIM card, GSM phones aren’t able to tap into any mobile network. The hacker will trick the mobile network service and have them transfer mobile phone numbers of targets onto a SIM card which is held by the criminal.

One the number has bene obtained the hacker has access to reset any passwords on the phone and gain access to online accounts or cryptocurrency exchanges. And voila, stolen crypto. Joel Ortiz, the antagonist of our story, even stole millions from Consensus in may of this year. Joel was captured trying to escape to Europe and now faces 28 charges. The full Motherboard piece is worth the read. Be safe out there familia. Now it’s time to engage the Dispatch! (better intro?…I didn’t think so).

Contrary to what many in the community thought, 2018 is not our year. But there are still four months left right? Plenty of time for a turn around. The overall cryptocurrency market kicked us in the gut the past week moving from $271bln to $232bln representing a 15% decline since the last Dispatch. And like lemmings the top five also went over the cliff.

Bitcoin (BTC): It get this acute sensation week to week, as I put this thang together, that i’ve seen this story before. Bitcoin dropped 14% the past week suffering a steep decline Tuesday evening. As of this post BTC is settling (we hope) at $6500 .

Ethereum (ETH): I’m gonna make this short, because I think we all know what’s coming: 13% decline, dropping from $423 to $369. We all feel the pain.

Promether (PYRO): Founded in August 2017, Promether is a new type of network called an Adaptive Symbiotic Network (ASN). It works on three principles: network, application and users. The outcome is simple, providing security to everyone. The foundation of this network is based on AI with the use of ubiquitous computing.

That’s quite the mouthful, and pretty ambitious. But in this hyperconnected world security should be everyones primary concern. The list of features is long but one recuriing theme sticks out throught the whitepaper: security, encryption,

Promether is currently holding a private sale which closes upon raising $7 million. Currently in its second phase, it has already raised millions by offering it’s native coin (PYRO) and bonuses to early investors. Promether plans to have a public ICO in the near future once its minimum viable product, Contact, is ready for launch.

If you want to know more about Promether check out our guide.

WHAT’S NEW AT CRYPTO IS COMING

BTC vs. BCH: Let’s get ready to rumble– We take a look at the advantages and disadvantages of each coin, examine the value proposition, branding and level of decentralization in this piece.

What is Promether? – We take a look into this project aiming to provide us better security and anonimity on the internets. With all the hacking and loss of personal data it’s time we have take a different look at security.

LATOKEN’s CEO Believes Tokenized Assets are The Future – The young multi-asset exchange has announced Bitcoin deposits and withdrawals are now enabled. Given the fact the Japanese Yen is the second most traded fiat currency with Bitcoin, the company hopes this move will accelerate that market’s penetration.

Exclusive: ABCC Exchange is Launching Its App This Week – The Singaporean exchange has recently issued its ABCC Token (AT), and it’s now getting ready to launch its smartphone app. I spent some time playing with the test app, and I can say I was pleasantly surprised.

Bitcoin: Uncorrelated assets, the “holy grail” of portfolio allocation – When it comes to investments of any kind, it’s important to understand how the assets in question are related to others on the market. Bitcoin offers traders a lifeboat when things turn rough by being uncorrelated to the stock market

Bank in Myanmar To Integrate Blockchain For Its Migrants in Thailand – Myanmar’s Shwe Urban & Rural Development Bank has partnered with Everex, a financial technology (fintech) company to develop a blockchain-based digital remittance service between Thailand and Myanmar.

Is Ethereum Classic About To Make Its Move? – With a clear roadmap and team, deep pocket investors and strong support in Asia, is Barry Silberts long on ETC about to pay off?

– A lot of commotion this morning in the crypto streets. First news broke that New York Stock Exchange’s parent company ICE will launch new futures contract that delivers real bitcoin. It also seems Coinmarketcap got a little too excited by this and began displaying prices over 10x! At this point, we’re not sure if this is related to a hack on their site or their price providers.

Top 15 upcoming ICOs (August 2018) – Another great infographic from @ico_analytics showcasing some of the highest rated upcoming ICOS based off reviewers data points. Check it out!

Exclusive: LATOKEN’s CEO Isn’t Scared of His Bigger Competitors – In an exclusive interview for Crypto is Coming, Valentin Preobrazhenskiy, LATOKEN’s founder and CEO, talked about how the exchange came to be, his thoughts on its competitors, and its future goal.

India Doubles Down on Blockchain-Powered Hubs With Its New Initiative – The country has made clear it is ready to embrace blockchain, and it isn’t afraid to show it. Officials have recently announced India will be developing a ‘blockchain district’ in the Indian state of Hyderabad.

CRYPTOCURRENCY NEWS FROM AROUND THE INTERNET

SEC Postpones Decision on Bitcoin ETF Listing to September – Ahhhhh, a life line. Or is it? The U.S. Securities and Exchange Commission has postponed a decision on whether to allow the listing of an exchange-traded fund backed by Bitcoin.

Duo Security researchers’ Twitter ‘bot or not’ study unearths crypto botnet – A team of researchers at Duo Security has unearthed a sophisticated botnet operating on Twitter — and being used to spread a cryptocurrency scam…..TIf you use twitter for anything crype related then you’ve seen the ETH bots. This is so anticlimactic.

Goldman Sachs Is Planning a Crypto Custody Service – Goldman Sachs Group Inc. could offer a boost for the burgeoning universe of funds betting on cryptocurrencies.

Bitmain Confirms New Crypto Mining Facility in Texas – Chinese mining giant Bitmain confirmed that it is set to open a new cryptocurrency mining facility in Rockdale, Texas, USA.

Money or Assets? How World Governments Define Cryptocurrencies – Cryptocurrencies — what are they? Money? Commodities? Securities? Utility tokens? Or something else? Few national governments seem to be in any kind of agreement on this question, and for now, at least, their divisions have given such currencies as Bitcoin and Ethereum a floating, indeterminate status on the global stage.

Coinbase Custody is Exploring the Addition of 37 New Assets – San Francisco-based exchange and wallet service Coinbase announced today, Aug. 3 that it is exploring the addition of 40 new assets to its custodial service, Coinbase Custody.

The NYSE’s Owner Wants to Bring Bitcoin to Your 401(k). Are Crypto Credit Cards Next? – Backed by Microsoft and Starbucks, Intercontinental Exchange is launching a startup called Bakkt to make the cryptocurrency safe for your retirement fund, and maybe for retail, too.

Mt Gox Creditors Prepare Revised Claims for Bitcoin Repayments Plan – In 2014, Mt Gox exchange handled an estimated 70% of the total Bitcoin supply until a security breach led to the loss and/or theft of approximately 850,000 BTC, worth $450 million at the time and billions today.

Six Reasons Why Institutional Investors Could Flock to Crypto in 2019 – A dude at Forbes who look pretty intelligent lays it down for us, guys.

Binance Makes First Public Aquisition: Anonymous Wallet for Ethereum Tokens – Binance, the world’s largest cryptocurrency exchange by volume, has officially made its very first public acquisition: Trust Wallet – an anonymous mobile storage solution for Ethereum-based tokens.

US Treasury Dept. Fintech Innovation Report Touches on Crypto, Blockchain – A major new report from the U.S. Treasury Department published July 31 has called for a more agile and conducive regulatory approach to innovations in the fintech sector.

Like us on Facebook

Visit our crypto swag store on Teespring