Altcoins

The Raven’s Dispatch – Aug 30, 2018 – Binance LCX, a Game Changer

Game Changer: Binance and LCX Crypto Exchange Joint Venture

Nobody puts Baby in the corner. Since it’s inception in 2017 Binance has dominated the crypto exchange world. Binance reached the highest volume of any exchange just six months after launch and valued at almost $2 billion within the same time frame. Crazy growth.

And the story doesn’t end with massive volume, it continues with Binance expanding with international initiatives in Bermuda, East Africa (Uganda), Malta and now Lichtenstein. The successful joint venture of Binance and Liechtenstein Cryptoassets Exchange (LCX) heralds the launch of a fiat-to-crypto exchange: Binance LCX. This, ladies and gents, is a game changer. For in depth understanding of the venture check out our latest piece here.

The overall cryptocurrency market has shown strong signs this past week growing from $216bln to $232bln representing a 7% increase. If you are on Crypto Twitter then then you may attribute this to crypto twitter personality Romano recently eating a$$. Or it could just be that the bears have lost steam (I prefer the former explanation). Could the bear market be coming to a close? Along with bitcoin the top 5 (and top 100) also surged as evident from belows screencap from Livecoinwatch.

Live Coin Watch

Bitcoin (BTC): Never a dull moment in the crypto market. If you wan’t peace, head over to the stock markets. We be riding a ragin’ bull here. Week to week we experienced a very nice bump in price returning to $7,000 and settling on $7,065 as of this post. This represents 5.7% growth. We’ve been in this bear market for 8 months, are we seeing a turnaround?

Ethereum (ETH): Showed more sideways movement compared to Bitcoin but positive nontheless. ETH has taken a beating since July so any news that is positive is good news. ETH currently sits at $281 as of this post experiencing a slight increase of 3% week to week.

Neon Exchange (NEX): NEX, also known as Neon Exchange, is a platform for payment services and decentralized crypto trade. NEX aims to combine the performance of centralized exchanges with the trust and security features of decentralized exchanges.

What makes NEX different from other DEXs? Crypto enthusiasts are all looking forward to a day when one can have cross-chain transactions. Imagine sending bitcoin tokens to an Ethereum wallet. Well, NEX is bringing that reality closer by allowing trades between Ethereum networks and tokens based on the NEO platform. It’s apromising project which recently announced their Public ICO.

If you are interested in to learn more about NEX check out our what is guide here for more details.

WHAT’S NEW AT CRYPTO IS COMING

What is Ethereum’s Casper update? – Casper is Ethereum’s chosen Proof of Stake protocol, headed up by team leader Vlad Zamfir. The protocol implements a process the dev team claims can punish malicious elements.

Singapore teams up with Deloitte and NASDAQ to develop blockchain technology – In a remarkable development the Singapore Exchange (SGX) and the Monetary Authority of Singapore (MAS) has announced that they will launch a collaborative effort to develop a hi-tech Delivery versus Payment (DvP) platform.

What Will Bakkt Do For Crypto? – The Intercontinental Exchange, operator of the world’s largest stock exchange, launched Bakkt, a global cryptocurrency platform allowing private and institutional investors alike to buy, sell, store, and spend digital assets like Bitcoin. The crypto market cap is about to explode. Yippee ki-yay.

What Is Bitcoin Second Layer Rootstock (RSK)? – Rootstock is an open-source smart contracts platform that allows seamless DAPP development and more miner rewards through merge-mining. At the foundation, RSK will be a scalability solution to Bitcoin.

Crypto Transactions in Russia Might Have to Be Reported Very Soon – A government official has proposed a law which would force Russians to report any crypto transactions above $9,000. The parliament has now to decide how to proceed next.

UBS Bullish on Blockchain, Bearish on Bitcoin – Don’t tell that to the bulls trying to turn around the market. CEO of Swiss investment banking giant UBS, Sergio Ermotti, came out with a bold claim recently. He said that blockchain was “almost a must” for business.

Samsung SDS launches blockchain-powered banking certification platform – Samsung SDS, a subsidiary of South Korea’s largest IT company, has announced that it has created a banking certification platform called ‘BankSign’ based on blockchain technology.

Hong Kong immigration policy to attract Distributed Ledger Technology talent – The latest immigration policy is a testament to Hong Kongs efforts to attract distributed ledger technologies (read: Blockchain) expertise to their market.

Cryptocurrency Demand Remains High in the Malaysian Markets – Asia and the Pacific are well on their way to accepting crypto (no matter how hard China tries to shut it down). The Malaysian cryptocurrency markets remain strong despite the massive decline in price throughout the year.

CRYPTOCURRENCY NEWS FROM AROUND THE INTERNET

A Programmer Ate Ass to Save Cryptocurrency – Cryptocurrency prices are down, so a developer met up with cryptocurrency enthusiasts and adult film performers Brenna Sparks and Bobbi Dylan to eat some ass and save the market.

Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) Now Tradable On Yahoo Finance – Cryptocurrency adoption has gotten a new dimension now that Yahoo Finance has integrated the buying and selling of Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) on its platform.

SEC Taking Second Look at Nine Bitcoin ETFs that were Denied Wednesday – One day after the U.S. Securities and Exchange Commission (SEC) rejected proposed rule changes for nine bitcoin ETFs, the Commission initiated a review of all related decisions. That pain you feel in your neck, don’t worry it’s only whiplash.

‘Bitcoin should not EXIST!’ Wolf of Wall Street baffled by price rise – warns of ‘scam’ – Classic example of the Pot calling the Kettle black. The Wolf of Wall Street Jordan Belfort hit out at the cryptocurrency and said investors are “brainwashed”.

China’s Search Giant Baidu to Censor Crypto Discussion – The great crypto firewall of China is real. Baidu has recently started censoring cryptocurrency-related discussions on its online forums. The search giant’s move is in line with China’s crackdown on cryptocurrencies.

Coinbase UK CEO Explains Why a Lack of Regulation is the Biggest Problem Facing Cryptocurrency – Zeeshan Feroz, CEO of Coinbase UK, spoke with CCN recently about the recent developments in the cryptocurrency exchange industry and the space as a whole.

Ethereum (ETH) Wale Moves 20,000 ETH Tokens Worth $5.5 Million to Bitfinex – An anonymous individual considered to be one of the very first Ethereum investors has moved approximately 20,000 ETH coins to Bitfinex.

Tom Lee Remains Firm on His $20K BTC Target, VC Anthony Pompliano Predicts Downfall – Bears vs Bulls…FIGHT! Popular crypto analysts Tom Lee and Anthony Pompliano share contradictory views on when Bitcoin is headed next. Take a look at what they have to say.

India’s Central Bank Sets up a Blockchain Unit – The new department will work to strengthen the knowledge of the Reserve Bank of India on new and emerging financial technologies.

Gossip Mag Claims Bill Cosby is Using Bitcoin to Hide His Fortune [He’s Probably Not] – An online gossip magazine claims to have insider information that disgraced actor Bill Cosby is using bitcoin to try to conceal what remains of his fortune from his creditors.

Four out of five executives surveyed by PwC report blockchain initiatives underway – 84% of executives surveyed by PwC report blockchain initiatives underway – 15% fully live. The new research from PwC surveyed 600 executives in 15 countries and territories, on their development of blockchain and views on its potential.

New Data From CFTC Shows Bearish Bitcoin Futures Are on the Decline – Bearish positions for non-commercial contracts of Bitcoin (BTC) futures are on the decline, according to the latest Commitments of Traders (COT) report released by the U.S. Commodity Futures Trading Commission (CFTC) August 24.

Ripple CTO: XRP More Decentralized Than Bitcoin (BTC) And Ethereum (ETH) – Oy vey. “Bitcoin and Ethereum are currently viewed as the gold standard for decentralization…Since these blockchains are considered decentralized, then by design, the XRP Ledger is also — if not more so — decentralized than both Bitcoin and Ethereum.”

World Bank launches world-first blockchain bond – The World Bank has priced the world’s first public bond created and managed using only blockchain in a A$100 million ($73.16 million) deal designed to test how the technology might improve decades-old bond sales practices.

Thanks for joining us this week. If you have something interesting you would like to submit reach out to us at info@cryptoiscoming.com. And don’t forget, Crypto is Coming!

Follow us on twitter @cryptoiscomin

Like us on Facebook

Visit our crypto swag store on Teespring

Crypto Meme

The Raven’s Dispatch – Aug 23, 2018 – Is Mass Detokenization On The Way?

The “tokenization of everything” hits a speed bump

“TOKENIZE THE WORLD” was the ICO battle cry of 2017 and the subsequent drive to democratize art, real estate, cars, securities, and more, has enabled people to buy a token representing the value of any asset you can care to imagine.

So why are we talking about detokenization? The Digipulse CEO recently announced that 98% of all tokens connected to the project would be burned because the issued tokens are being used for speculative investment and not the built in platform. This is an issue for MANY tokenized projects. Will other companies follow suit? Read our entire piece Is Mass Detokenization On The Way.

The overall cryptocurrency market was rather stable this week floating between $205bln to $207bln representing a 1% increase, with an obvious pump and dump yesterday. Fun times ya’ll. But look closer and you will note the top 5 struggled, being held up by the King, Bitcoin.

Livecoinwatch

Bitcoin (BTC): Crypto twitter was all over the place this week. $3k Targets, $11 targets, people capitulating, etc. Very entertaining. Week to week price action found a channel between $6,300 and $6,500, then pumped to $6,680 and subsequently dumped back to $6,400. Not taking into account the PnD Bitcoin experienced 1.5% growth.

Ethereum (ETH): There’s been little love for Ethereum this month. Down 45% since July 24th, there doesn’t seem to be any reprieve in sight for Vitalik’s love child. ETH currently sits at $274 as of this post experiencing a decline of 6% week to week. Curse you ICOs!!

Project of the week QUIZANDO (QUIZ): Social platforms have provided creative people with a soapbox in which to spread their views, opinions, likes and dislikes across the world. To make any revenue from the audiences they need to work hard at getting endorsement deals, look for related affiliates and constantly promote products.

This is where Quizando comes in. 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. Quizando wants to help influencers monitize their influence easily and without the need to be a business expert or turning their channels into a constant adverts.

Want to learn more? Check out our feature on What is Quizando, and learn how you can put your Quiz knowledge to work for you. Intelligence Pays! Sponsored Content.

WHAT’S NEW AT CRYPTO IS COMING

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. Are you a quiz master?

What is ChromaWay and Are Hybrid Database The Future? – ChromaWay is a Swedish blockchain startup that has been working on secret blockchain related research and projects since 2011.

Is Mass Detokenization On The Way? – For the last while, the “tokenization of everything” has been a constant theme in crpytocurrency, and it’s had people justifiably excited. So why are projects bruning their tokens?

Blockchain company Seven Stars Cloud Group signs exclusive $24b deal with China’s Largest Electric Bus Operator – A groundbreaking $24 billion deal between China’s largest electric bus operator (NTS) and Seven Stars Cloud Group (Nasdaq:SSC) was recently signed which will create financing products through SSC’s blockchain ecosystem.

What is Neon Exchange (NEX) – NEX is a platform for payment services and decentralized crypto trade. NEX aims to combine the performance of centralized exchanges with the trust and security features of decentralized exchanges

Blockchain Law Study group Formed in South Korea – In South Korea, lawmakers, industrial experts and judges are teaming up to form a fresh working group which will endeavor to discuss and propose solutions for issues surrounding the blockchain technology.

South Korea Still Unsure on How To Handle Cryptocurrencies – South Korea just held a session of its National Assembly with the sole purpose of discussing blockchain adoption and ICOs guidelines.

Ever Wonder Why Governments Tend to Bully Cryptocurrencies? – Stop picking on crypto, you bullies!

Bitmain Expansion: Multi Billion IPO on the Horizon – Cryptomining giant Bitmain is about to go public in what could be one of the biggest Initial Public Offerrings ever.

Kuwait Finance House Becomes First Bank Using Blockchain in The Country – The Kuwait Finance House (KFH) has confirmed it completed a cross-border transaction with the use of Ripple technology.

Hacker ordered by Federal Court to pay the bail in cryptocurrency – Cryptocurrencies are getting steady acceptance in judicial quarters. In a recent case, a Federal judge allowed an accused hacker to pay bail amount in cryptocurrency.

CRYPTOCURRENCY NEWS FROM AROUND THE INTERNET

SEC Denies Nine More Bitcoin ETFs – Please, we all knew this was gonna happen. The U.S. Securities and Exchange Commission (SEC) on Wednesday rejected applications for nine bitcoin-based exchange-traded funds (ETF) from three separate companies.

China shuts down blockchain news accounts, bans hotels in Beijing from hosting cryptocurrency events – The two incidents are the latest instances of China’s continuing crackdown on cryptocurrencies, which began last September with bans on local exchanges and ICOs.

AppleJeus: macOS users targeted in new Lazarus attacks – Researchers have uncovered a new campaign by the infamous Lazarus group which targets cryptocurrency exchanges in order to spread malware to Windows and macOS users.

Half Of The Remaining Non-Minted Bitcoin Supply Is ‘Spoken For…’ – The CoinShares team analyzed data from an ING survey and found that there are 99 million people who intend to own Bitcoin but don’t yet.

90% of Employees at Major Crypto Exchange Binance Receive Salary in BNB – At the Liechtenstein Cryptoassets Exchange (LCX), Binance CEO Changpeng Zhao told TechCrunch founder Michael Arrington that 90 percent of the exchange’s employees receive their salaries in BNB.

‘Bitcoin Jesus’ Is Having a Hard Time Winning Over True Believers – Roger Ver, the virtual currency advocate often referred to as Bitcoin Jesus, is finding it tough to win converts to the supposed second coming of the the world’s biggest cryptocurrency.

Big Investors Deny Involvement In Crypto Miner Bitmain’s Pre-IPO Funding –  SAY WHAT?! Tencent Holdings and SoftBank Group are both disputing their involvement in a widely reported pre-IPO investment round for Chinese cryptocurrency mining giant Bitmain.

SoftBank Denies Reports of Bitmain Deal; Bitmain Still Silent – Hmmm this is not looking good for Bitmain. Japanese telecom giant SoftBank has denied media reports of its involvement in a pre-IPO funding round of bitcoin mining rig manufacturer Bitmain.

Here’s How You Can Validate An ICO Using Your Chrome Browser – Cryptocurrency and blockchain is a world filled with excitement and new technology, but like your Mother always warned, if something seems too good to be true then it probably is.

Wall Street’s Crypto Caution Risks Coinbase Gaining ‘Unassailable’ Position – Cryptocurrency trading revenue is primed to explode within the near future, and Wall Street is running out of time if it hopes to stop industry giant Coinbase from gaining an indomitable market position.

Nvidia is sliding after cutting its guidance and saying its crypto boom is over (NVDA) – Nvidia shares are down more than 4% Friday on trading after the chip maker cut its third-quarter revenue guidance and warned that it’s crypto business is going to zero.

Thanks for joining us this week. If you have something interesting you would like to submit reach out to us at info@cryptoiscoming.com. And don’t forget, Crypto is Coming!

Follow us on twitter @cryptoiscomin

Like us on Facebook

Visit our crypto swag store on Teespring

What is Neon Exchange – NEX

The World can’t go digital without taking money along with it. The cryptocurrency market has grown sporadically (and parabolically) over the past 9 years years and almost all trades takes place on centralised exchanges where funds are controlled by the entity facilitating the exchange.

Because this is crypto decentralized exchanges is the blockchain answer for users to trade without giving up control of their funds. In view of that let’s see how well NEX measures up and what makes it different from other DEXs.

What is NEX – Neon Exchange?

NEX, also known as Neon Exchange, is a platform for payment services and decentralized crypto trade. NEX aims to combine the performance of centralized exchanges with the trust and security features of decentralized exchanges.

There are three aspects where NEX stands out:

  1. An off-chain trade matching engine which allows NEX to benefit from the performance characteristics of centralised exchanges, while maintaining a decentralized user account model based on the blockchain
  2. Smart contracts where trades are mediated and executed
  3. A payment service where global assets such as NEO can be converted to tokens that can be transferred directly by smart contracts, making them compatible with the exchange

What makes NEX different from other DEXs?

Crypto enthusiasts are all looking forward to a day when one can have cross-chain transactions. Imagine sending bitcoin tokens to an Ethereum wallet. Well, NEX is bringing  that reality closer by allowing trades between Ethereum networks and tokens based on the NEO platform. On the trading volume side, NEX unique publicly verifiable off-chain matching engine can efficiently handle a large volume of trade.

NEX aims to transcend the user experience of decentralized exchanges by storing user’s encrypted private key-side in user’s browser. This preserves the security guarantees of a decentralized account model while allowing users to login into NEX through a traditional web form that asks for a username and password.

NEX Team

Perhaps the first team to have all five cofounders that are also developers. Fabio Cesar Canesin, NEX CEO, is the founder of City of Zion a blockchain and decentralized  development community focused on the NEO network. Fabio was formerly a research engineer at the Oil mega company Schlumberger. 

Don’t fret, NEX also has a marketing team and a host of other very distinguished developers, specialists like product designers, communications and advisors.

Conclusion

NEX is building on Satoshi’s aim for creating blockchain: providing a decentralized platform for trading digital assets. A cross-chain transaction feature for a blockchain platform is long overdue and we look forward to seeing more cross chain innovation in the space. And someday soon we can look forward to seeing hacks and cyber threats to exchanges as things of the past. 

Neon Exchange WhitepaperNEX Website; NEX Twitter; NEX LinkedIn

Remember folks, Crypto is comin!

Subscribe to our newsletter

Interested in other cool crypto posts….check out Estimated Bitcoin Carbon Footprint and Why Peter Schiff is Wrong About Bitcoin.

Follow us on twitter @cryptoiscomin

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!

NEX, which is planning to build a DEX (decentralized exchange), a payment service and a wallet for the NEO ecosystem continues to lead the way with an average rating of 93. It has yet to be seen just how much of a foothold DEXs will have in the cryptocurrency space, but NEX is definitely a project to keep an eye on.

After that we see newcomers Marconi and Chromaway ranking quite high. Marconi comes in with 89 overall rating branding itself a blockchain protocol looking to solve issues with current Ethernet systems. Chromaway reaches an even higher rating of 90, attempting to build highly scalable blockchain protocol infrastructure. They launched their first enterprise database product, Postchain, recently and claim it is already being tested by customers.

While cryptocurrency prices are down across the board, it seems that money continues to pour into this sector at an accelerating rate. Institutional on-boarding  to crypto could be just around the corner with proposed ETFs and regulated Cryptocurrency exchanges potential coming by the Q4 of this year. It will be interesting to see the role that utility tokens have in the near future.

If you think there’s any ICOs missing or have any thoughts, hit us up on twitter

Remember folks, Crypto is comin!

Subscribe to our newsletter

Interested in other cool crypto posts….check out Uncorrelated assets, the “holy grail” of portfolio allocation.and is Ethereum Classic about to make its move?.

Follow us on twitter @cryptoiscomin

TOP 15 Recent/Upcoming ICOs

great infographic from @ico_analytics detailing the top 15 recent and upcoming ICOs based off ratings from ICO reviewers. Check it out!

A decentralized exchange, NEX, is leading the way with high ratings across the board with the exception being Ian Balina. NEX is a platform for complex decentralized cryptographic tradeand payment service creation.

Recent Binance addition, Quarkchain, following right behind. Currently trading at 9.4x USD and 9.45x BTC price.

Interesting to see how different approaches stack up against each other. There seems to be come consensus with regards to ICO analysis with most reviewers placing more value on new blockchain protocols. With the recent comments made by the head of the SEC, it seems that these protocol coins will have a much easier time getting listed on regulated exchanges.

If you think there’s any ICOs missing or have any thoughts, hit us up on twitter.