Urvashi Verma

Lively ICO Environment Sees Ethereum Comeback

After being the biggest loser in the Q1 2018, Ethereum gains 35 percent in April
Lively ICO Environment Sees Ethereum Comeback

After being the biggest loser in the first quarter of 2018, Ethereum (Ether) gains 35 percent in April.  Compared with Bitcoin and Ripple which posted 19 and 20 percent gains respectively, Ethereum has performed nearly twice as well in April. The price of Ethereum increased today to $510 from $ 365 on April 1 according to data from Coindesk.

Uplift from ICO Market

The ICO market remains lively, and indications are that it may be improving which could account for the recent uptick for Ethereum since it continues to be a favorite choice for startups.  Ethereum’s share of the ICO market has increased steadily to 80 percent this year, from 75 percent in 2017.

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Scaling Limitations Exist

Ethereum’s average of about 14 transactions per second must improve. Otherwise, it may be displaced Cardano and EOS that are currently still in a theoretical phase but propose a significant threat if they are operationalized because they are faster and more cost-effective.

Multilayer Blockchain Solution

Ethereum is working on its multi-layer blockchain solution that maintains a contract between two parties on a separate blockchain and connects with the main blockchain only to open or close the channel. The solution could reduce the amount of data consumed and increase transactional speed.

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🕵️‍ ICO Watch Eric Eissler

Tokenizing Financial Instruments: Past-ICO Review

👁 ICO Watch
To become a great tech company, one must weather the great crypto correction of 2019-2020 and get on the grid with financial regulators and government
Tokenizing Financial Instruments: Past-ICO Review

Tokenization is growing more and more, as people figure out to take ordinary assets such as real estate to tokenize their value and make them easier to buy and sell.

Jibrel Network is doing the same, except they are allowing users to digitize traditional finances such as currencies, bonds and other financial instruments by allowing users to make fiat deposits in exchange for Crypto Depository Receipts (CryDRs).

For those unfamiliar with the term, “Crypto Depository Receipts are smart contracts that represent the value of a real-world asset.

Users can convert Jibrel Network Tokens (JNT) into CryDRs representing fiat currencies, commodities, bonds or even securities. CryDRs can be transferred to another individual or entity, who can redeem the token for the underlying value in JNT with the Jibrel DAO. CryDRs have smart regulation embedded, meaning all transactions are KYC / AML compliant,” according to the website.

Currently, Jibrel Network already has one running project, jWallet, which according to the team can store financial assets such as currencies, commodities, bonds and shares in the Ethereum Blockchain.  

An alpha version of the wallet, which provides an easy way to store, transfer, and convert ERC20 compatible tokens, has already been released.

In addition, the jWallet incorporates a high level of security, and does not store any sensitive user data; none of the keys ever leave the device.

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Finance

In a one-month sale from Nov. 27 to Dec. 27, 2017, Jibrel Network raised $30 mln in capital from its ICO. The token entered the market on Feb. 5, 2018 at $0.42. At the time of writing, the token currently is priced at $0.15.

However, unlike most cryptos it was not a rapid decline, Jibrel Network’s token had several upticks in April and May before continuing its decline.

CoinMarketCap has it ranked at 245 with a $26 mln market cap and about $1.1 mln in daily trading volume.

Team

Yazan Barghuthi- Project Lead & Co-founder

Yazan has over nine years’ financial services experience at top management consultancies such as Oliver Wyman and Deloitte. He is proficient at Javascript, HTML, CSS, React and most front-end frameworks.

Victor Mezrin- Technical Lead & Co-founder

Victor has over 10 years’ development experience and ran a top three altcoin mining pool (pool.mn) between 2014 and 2016. He is proficient at C++/C, Python, Java, C#, PHP, JavaScript, and Solidity, the programming language of Ethereum.

Talal Tabbaa- BizDev & Co-founder

Talal has more than six years’ experience in financial advisory roles at top-tier consultancies (PwC) as well as private investment funds. He is proficient at Python and SQL and is learning front-end development.

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Getting on the grid

The main idea behind Jibrel Network is to be able to work with governments to be able to get the middleman out of the financial network and let the system run with the trustless smart contracts in place.

Barghuthi claims that this is the natural progression of the financial system with Blockchain technology in place.

While some may argue, that staying on the grid goes against the principals of what cryptocurrencies stand for, Barghuthi argues the contrary and points to the global economy as a massive untapped market for his technology.

“Okay, you can stay off-grid, and that’s a $500 bln market. But if you go on-grid, you can start tackling the issues with the $34 tln global economy," Barghuthi told Forbes in an interview.  

Survival of the fittest

While the technology and services sound very promising, the major challenge ahead lies in surviving the massive crypto correction of 2019-2020, as outlined in the roadmap.

Many cryptos are going to fold during this time and it is important that companies that want to survive to take the opportunity to have a well thought out plan to weather the storm. CryptoComes wanted to gain further insight into how the company plans to position itself to weather the storm and then, as described in the roadmap, become a tech giant after 2020, but our inquiries went unanswered.

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📈 Pricewise Vadique Magenta

Bitcoin Price Downward Trend Over As Spring Arrives, What’s Next?

Pricewise
Some tips on anticipating market trend reversals in the future, using Bitcoin as an example
 Bitcoin Price Downward Trend Over As Spring Arrives, What’s Next?

 

The break in a 74-day trend fell on the first day of spring. This is quite symbolic: on the surface, it looks like nature is asleep, however, the first signs of life are making their way through the snow-covered ground. As usual, the crowd takes a while to understand what is happening; this gave us time to make calm investment decisions.

Long before the visible line is crossed, the market will offer clues about a changing trend- here are a few of these clues.

We saw an 825-day record volume in a green candle, which resembles a hammer in shape and coincides with the culmination of sales. Many of those who bought at $12,000 with a 50 percent loss said "enough!" and left the market forever. At the same time, the patient, smart money absorbed the entire offer and demonstrated its interest.

 Bitcoin Price Downward Trend Over As Spring Arrives, What’s Next?

Second, we pushed off from the fourth of five root supports which originate at the base of the trend and have a decisive influence on the further fate of the asset.

 Bitcoin Price Downward Trend Over As Spring Arrives, What’s Next?

The third cause of the trend change is the formation of the reversal pattern "head and shoulders," which was activated perfectly- the price reached $11,000 by Feb. 28 in accordance with this framework.

 Bitcoin Price Downward Trend Over As Spring Arrives, What’s Next?

We also received plenty of local tips about the impending change. For example, after an unsuccessful attempt to break the trend on Feb. 21, we moved to a local decline, that is the decline was not too significant. However, each subsequent minimum was less than the previous one.

 Bitcoin Price Downward Trend Over As Spring Arrives, What’s Next?

So, at the moment, we are forming the "head and shoulders" pattern of a senior order and its activation will lead the price to $17,000 in the period from April 22 to May 28.

 Bitcoin Price Downward Trend Over As Spring Arrives, What’s Next?

And, what happens after that? That will be our little secret.

📈 Pricewise
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Crypto Gags Heewon Jang

We Are Happy To Announce You That Now You Can Read CryptoComes In Spanish !!

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Coins Guide George Shnurenko

What is TRON (TRX) - Simple Explanation for Beginners

🎓 Coins Guide
Tron users decide what content goes viral and ensure its direct monetization.
What is TRON (TRX) - Simple Explanation for Beginners

Introduction to TRON Coin

General Information About Tron Tronix (TRX) is a cryptocurrency that is circulated in the Tron network. One should differentiate Tron (a blockchain-based protocol) and Tronix (its native toked that is also simply called Tron coin). Tron protocol was created as an alternative to big corporations like Google and Apple that would allow content makers to freely disseminate what they want and get profit cutting out the middlemen.

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In the long run, its creator aims at changing the way the Internet works by forming a worldwide decentralized ecosystem. It is unclear whether Tron can compete with a trillion dollar entertaining industry, but now it is the tenth biggest cryptocurrency on the market with a market cap of more than $5 billion.

Tron’s founders took inspiration from the World Wide Web creator Tim Berners-Lee who stated that Interned protocols should be used for human-oriented purposes instead of simply being a means of making money for a limited number of individuals.

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Tron Coin Advantages

Tron users decide what content goes viral and ensure its direct monetization. In the age when YouTube and Facebook censor people because of their views, Tron declares a war against a handful of technical giants by providing its customers with a free entertaining platform and offering them total control over their content. These are the main advantages of Tron network:

  • Tron’s users are the ones who control the data. That allows to solve the problem of censorship and centralization.
  • Tron makes it possible to obtain digital assets by means of posting and distributing data. Users can buy or sell content using Tronix, the aforementioned Tron’s native currency.
  • There is no need to pay high commission rates that are typical for mainstream media platforms like Google Play or App Store.
  • Tron network allows free distribution of digital assets in the form of ICO
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Darryn Pollock

Will November Be Another Big Bitcoin Rally?

November 2017 began a massive rally for Bitcoin, could 2018 see a similar situation?
Will November Be Another Big Bitcoin Rally?

Many will remember that around November last year Bitcoin began to blow up to a point where it reached near on $20,000 on Dec. 17. The rally took the cryptocurrency market to new heights in terms of price, and mass adoption.

Additionally, the rally also coincided with news of Bitcoin futures being offered up to institutionalized investors through the likes of CBOE and CME. It was this option for institutional investors to get into Bitcoin in a way they knew that help spur the price.

Now, in 2018, November could be shaping up in a similar manner as a few institutionalized occurrences peak their heads over the horizon. There is the perpetual ETF decision that looks like it could happen in and around November.

There are earlier applications, but many are putting their money on the Bitcoin ETF which will be rolled out by New York Stock Exchange's parent company, Intercontinental Exchange (ICE) on Nov. 5.

An ICEy ETF

There have already been a round of rejections from the SEC on Bitcoin ETFs. The Winklevoss twins have now been famously denied twice, having put in one of the first applications. There was also a band of nine ETFs that were recently denied by the SEC.

Of course, the SEC has not only denied ETFs, it has also said it will delay its decision on and ETF put forward by VanEck, called Solid X. Many have hope that this ETF will pass the SEC’s stringent requirements, however, a growing number are also eyeing ICE’s application.

ICE is looking to enter the cryptocurrency space in a big way, and with its traditional investing roots, could maneuver its way around the regulatory minefield that has been laid out.

In July, ICE revealed that it was launching a bitcoin and cryptocurrency platform called Bakkt in partnership with coffee chain Starbucks, software giant Microsoft, and Boston Consulting Group.  

The next big boom

The thinking is by a lot of cryptocurrency investors, that the ETF is the key to a new rally from Bitcoin. It was the case with futures in November last year from CME and CBOE, and the way things are playing out, it could be a repeat.

Two big name cryptocurrency thinkers have come forward and predicted Bitcoin to reach $10,000 in the near future.

Hermann Finnbjörnsson, founder and chief executive of bitcoin and cryptocurrency advisory firm Svandis has said:

“I believe that Bitcoin price will hit $10,000 by the first week of November. I think that there are a lot of reasons to be bullish on Bitcoin. There's Less than a one percent chance in my mind that Bitcoin won't succeed."

Michael Moro, the head of Genesis Capital VC company has also predicted Bitcoin to reach $10,000  but has said it is the hype around ETFs that has helped sink the price of Bitcoin currently as many people shorted Bitcoin on the fact that the SEC would deny so many applications.

A bad omen

While it is the traders and the investors who want to see a Bitcoin ETF, there are many different faces to the cryptocurrency ecosystem. Some do not want the ETFs to be approved, as they feel it will alter the technology and its adoption.

One such person who is against the ETFs is famed Bitcoin commentators and respected voice, Andreas Antonopoulos.

He said:

"I’m going to burst your bubble. I know a lot of people really want to see an ETF happen because 'to the moon, and Lambos,' but I think it is a terrible idea. I still think it is going to happen, I just think it is a terrible idea. I’m actually against ETFs. I think a Bitcoin ETF is going to be damaging to the ecosystem."

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