David Dinkins

Texas Securities Regulator Actively Targeting Crypto-Related Scams

Texas securities regulator has been actively targeting companies promoting scammy crypto-related projects.
Texas Securities Regulator Actively Targeting Crypto-Related Scams

While the SEC has certainly been active in combating ICOs that violate securities laws, there’s another regulator — one that few would ever suspect — getting involved in the battle against crypto-related frauds. In the last several months, the Texas State Securities Board has taken a number of enforcement actions against allegedly fraudulent companies in the space.

Anyone who has ever driven through the state knows that Texas highways are festooned with anti-littering signs emphatically warning drivers “Don’t Mess With Texas.” It seems promoters of sketchy ICOs should take that warning seriously as well. In the last six weeks, the Texas regulator has taken enforcement action against four cryptocurrency-related companies.

Actions

On Dec. 20, the Board issued an emergency cease and desist order against USI-Tech Limited for “promising low-risk, triple-digit returns from investments tied to Bitcoin mining.” The regulator alleged that USI-Tech was “soliciting investors in dozens of Texas cities through targeted craigslist advertisements, YouTube videos, and standalone websites.”

The Texas regulator gained even more attention when, on Jan. 4, they issued an emergency cease and desist order against BitConnect, whose BitConnect Coin (BCC) then had a market cap exceeding $4 bln. The Texas State Securities Board found that “BitConnect has disclosed virtually nothing about its principals, financial condition, or strategies for earning profits.” The state’s securities commissioner found that BitConnect was guilty of selling unlicensed securities to Texas investors and the Board thus ordered the company to halt all marketing to Texans.

Not even three weeks later, on Jan. 24, the Board issued an emergency cease and desist order against R2B Coin, a “Hong Kong-based company selling investments [in] r2b coin, promising investors that the digital currency will soon be one of the world’s most valuable.” The regulator alleged that R2B Coin had told investors that the coin “will never go down in value.”

Most recently, on February 3, the regulator filed an emergency cease and desist order against DavorCoin, “an entity offering investments in a cryptocurrency lending program in Texas.” The Securities Board “found that DavorCoin is telling investors they can earn lucrative profits by investing in a lending program based on a new cryptocurrency.” The Board pointed out that DavorCoin has been telling investors that “lending $30,000 in davorcoin may earn $15,390 in the first month of the program and receive $107,217 after 120 days.”

Cooperation

The Texas State Securities Board cites a cooperative working relationship with other regulators and law enforcement agencies:

“The State Securities Board worked in cooperation with prosecutors and law enforcement agents in 12 counties and three federal jurisdictions in Texas, including United States Attorney offices, the FBI, the U.S. Postal Inspector, IRS-Criminal Investigation, and county law enforcement agencies.”

Texas Securities Commissioner Travis J. Iles writes that this cooperation is crucial to the Securities Board’s success:

“Our coordination with state and federal authorities is critical to the effective prosecution of investment fraud in Texas. We are able to leverage resources to help shut down and prosecute large, complex fraudulent schemes that are inflicting harm on Main Street investors in Texas.”

Good regulation?

Many in the cryptocurrency community shun regulation in any form, an attitude that harkens back to Bitcoin’s crypto-anarchist roots. However, as digital currency begins to go mainstream, unsophisticated investors will increasingly be targeted by scams and fraudsters. Regulators must be careful not to make broad, sweeping changes without fully understanding the consequences of their actions. However, smart, careful regulations can actually be a good thing, and such regulatory activity can make crypto much friendlier for new investors.

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🕵️‍ ICO Watch Eric Eissler

Past ICO Review: Ask the Oracle From Middleware

👁 ICO Watch
How a superior decentralized oracal technology reels from FUD
Past ICO Review: Ask the Oracle From Middleware

ChainLink is what is known as middleware or software that acts as a bridge between an operating system and a database, for instance. ChainLink allows smart contracts on various networks to connect to the resources they need to be successful.

In this era of getting rid of the middleman, ChainLink, while it has good application intentions, is going against the grain. Let’s dig into the financials before talking tech.

Big ICO, small price performance

ChainLink entered the market on Sept. 20, 2017 at $0.15 per token. It broke $1 in January 2018 for about 10 days hitting a high of $1.35 before falling, and falling back down into the depths. At the time of writing, it the price per token sits at $0.52.

Despite raising, some $32 mln during its month-long ICO throughout September and October, the token has not performed well despite the advanced technology. Betamax was also more advanced than the VHS tape but failed to achieve success despite its technological superiority. Some say it lost due to a rumor linking it to Porn- FUD from a bygone era?

Further compounding the price stunting has been all the FUD that has raked up and thrown into the media. There was a point where ChainLink was being called a scam. It seems that buying and selling the rumor is more the norm in the crypto-trading sphere, than buying or selling on the actual news. The FUD really put a wet blanket on the price.

A third factor is its partnership with SWIFT, while it might seem like a great partner, the idea behind cryptocurrency is to do away with antiquated, expensive payment systems. Unless, SWIFT will try to use Blockchain as a way to reinvent itself and become competitive with cryptocurrencies?

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ChainLink tech: decentralized Oracal nodes

ChainLink is a decentralized oracle solution that bridges the gap between what is going on in the world and the Blockchain-based smart contracts. While smart contracts can only be executed internally on the Blockchain, there needs to be something that links external APIs to the Blockchain, so smart contracts can execute automatically based on real-world factors.

The problem with oracles are that they are centralized or owned by a company. There is a potential for bias in the information being transmitted by the oracal to the smart contracts.

When a third party provides the oracle service for executing smart contracts, that trustlessness or decentralization disappears.

ChainLink’s solution to this problem is that it is the oracle: decentralized oracles powered by Ethereum-based ERC20 tokens are what makes ChainLink the middleware. The data being sourced from the decentralized oracles is unbiased a not from a sole source but multiple sources which allows for better consensus and verification.

Dynamic Duo

ChainLink is run by two key players Sergey Nazarov and Steve Ellis. Nazarov began his career building peer-to-peer marketplaces, going on to the investment team at FirstMark Capital. He joined the cryptocurrency revolution in 2011. Ellis was previously a Software Engineer and Team Lead at Pivotal Labs, where he worked on securing sensitive HIPAA compliant data and building scalable payments automation software.

ChainLink offers a lot of fascinating technology but fails to deliver due to overblown FUD which has marred its reputation. While it has raised some $32 mln from the ICO, it could perhaps better market itself for a better market position. On Coinmarketcap, it is ranked at 103.

Card

🕵️‍ ICO Watch
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Wikicoin Vera Thornpike

IOTA Price Prediction 2018\20\25- How Much Will the Cost of IOTA be?

📚 Wikicoin
A different side to cryptocurrencies, how much will IOTA coin cost in 2018/20/25?
IOTA Price Prediction 2018\20\25- How Much Will the Cost of IOTA be?

In 2017, we witnessed the rise of many cryptocurrencies, and IOTA was among them. Today, it’s called one of the most perspective currencies on the market and is claimed to be highly effective for certain purposes. What makes IOTA special, and should you invest in it? Let’s find out and read IOTA coin price prediction for the current and following years.

What is IOTA?

In fact, this cryptocurrency was created as far ago as in 2015: it’s designed for the Internet of Things (IoT), i.e. smart devices with a connection to the Ethernet, such as smart home systems, Google Assistant, Amazon Echo, and so on. In layman’s terms, IoT devices can communicate with each other thanks to Internet connection and sensors. The role of the IOTA coin is to make it more secure and flawless.

If you compare IOTA with other popular altcoins, you can discover it has a lot of peculiarities:

  • While the vast majority of cryptocurrencies are based on traditional Blockchain technology, IOTA uses an innovative protocol ‘Tangle’.

  • While Ethereum and Bitcoin are not much scalable because of low transaction speeds, IOTA performs way more transactions per second.

  • In comparison with many other altcoins, IOTA has zero transaction cost.

In order to understand the differences better, check this table:

 

IOTA

Bitcoin

Ethereum

Market Cap

$2,757,027,206

$109,410,324,226

$45,259,827,334

Growth Rate

1003%

103%

16%

Current supply

2,779,530,283 MIOTA

17,151,400 BTC

100,719,296 ETH

Independent from mining

Yes

No

N0

Due to its unique features, IOTA price prediction is positive, and a lot of investors stake on it. Today, it’s the ninth coin in the top 10 world cryptocurrencies.

Was IOTA price prediction 2017 justified?

IOTA was one of a few coins that have undergone a huge growth in 2017: throughout the history of its existence, the currency raised by 12,300 percent! Even those who made realistic IOTA coin prediction in 2017 were fascinated by its sudden growth in the second half of the year. Until July 2017, it didn’t pass the threshold of $0.5. However, things were kicked off in August, when the coin’s cost reached $1 and exploded to $4.5 by December 2017.

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IOTA price prediction 2018

Unfortunately, IOTA shared the same destiny with other altcoins– its price rapidly surged within January-March 2018 period, and it got back to the current cost of around $1. Although until recently, the fluctuations weren’t significant, IOTA 2018 prediction is optimistic: according to technical analysis that’s based on historical price trends and price fluctuations, IOTA can grow up to $1.7 within a year (that’s what WalletInvestor.com forecasts).

According to some other sources, IOTA coin price prediction 2018 is even better: smartereum.com mentions such number as $11, but that seems to be far from reality considering the fact that IOTA still has a long way to go to achieve technological superiority.

According to IOTA prediction 2018 from profitconfidential.com, IOTA price can reach $4.98. Its specialists are sure that the combination of IoT and cryptocurrency can get this platform to the top.

While IOTA 2018 price prediction based on technical analysis is too good to be true, experts have a completely different opinion. Vitalik Buterin, John McAfee, and some other experts claim that IOTA growth will be too slow, so it’s not worth investments. Some say that the cryptocurrency will not even double in price– it’s expected to reach maximum $1.3-1.5 by the end of 2018.

IOTA price prediction 2020

When it comes to predictions for longer terms, it’s hard to say exact numbers. However, the opinions differ. According to longforecast.com, IOTA prediction is pessimistic: its price will only fall and stay at the level of $0.4-0.5 during 2019, and by 2020, it will be $0,4. During 2020, it may rise back to $1.

At the same time, other sources provide us with more positive information. IOTA is expected to become a preferable platform for machine-to-machine transactions thanks to zero transaction fee. It’s the main reason why most Blockchain users can switch to IOTA, which, in its turn, will make the market cap rise.

IOTA price prediction 2025

Of course, making IOTA long-term prediction would be a speculation– who knows what may happen to cryptocurrencies within seven years. However, some say that it’s possible for IOTA to reach the value of $38 within five years. Google’s forecast for 2025 is $47, while Internet users are more skeptical: they suppose it can only reach the threshold of $22.

What IOTA team should do now is expanding the circle of investors and partners, and they are taking the steps in this direction. The company has established partnership with Cisco, Samsung and Volkswagen, and Bosch.

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What can influence the predictions?

IOTA’s growth can depend on a huge variety of factors. Its key advantages are:

  1. A broad spectrum of use cases (from online payments to public transport)

  2. Scalability. IOTA ensures high transaction speed and absence of fees.

  3. Limited supply. All IOTA coins are already circulating, which should have a positive effect on demand and supply ratio.

  4. A huge growth potential. IoT sphere is expected to be worth $267 bln by 2020, and if the team manages to provide a sustainable alternative to Blockchain for IoT, they can conquer the market.

At the same time, there are a few factors that may hinder the growth of the currency. For example, this technology is still being developed, so only time can show whether Tangle system can be widely adopted.

Besides, MIOTA should be made more available: it’s present only on a few cryptocurrency exchanges, so the currency’s credibility should be boosted. And, of course, when it comes to price prediction, IOTA, just like any other currency, will depend on the public opinion– the creators need to ensure total security of their platform to boost trust and attract investors.

Wikicoin
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📈 Pricewise Andrew Strogoff

Bitcoin, Ethereum, Ripple, EOS, NEM Pause, New Gains Likely to Be Achieved After Some Refueling: Price Analysis, July 26

Pricewise
Bitcoin and altcoins corrected on Wednesday, ready for another upside burst
Bitcoin, Ethereum, Ripple, EOS, NEM Pause, New Gains Likely to Be Achieved After Some Refueling: Price Analysis, July 26

Hi there. Andrew Strogoff is with you again and we are going to dive into the crypto analysis right now. As you may see, there was almost nothing interesting on Wednesday as the currency pairs that I review here are in correction. However, this correction is almost done and I believe that we are on the eve of another bullish run in the nearest future.

What is going on in the crypto world? Nothing to change the price significantly, but some events are worth your attention. Google integrates Ethereum into their cloud platform. The community is excited about this news as it gives more perspectives to the Ethereum platform as well.

Another interesting news comes from the US. 2020 US presidential candidate started to accept donations in cryptos meaning Bitcoin and “friends” have wider adoption currently and may have larger support in future especially if Andrew Young becomes US President.

Bitcoin (BTC/USD) refueling stage is almost over, new upside burst is on the way, price analysis, July 26

Bitcoin has lost almost two percent in the past 24 hours. The currency pair is in its correction phase currently but nearly ends. I believe that BTC/USD is going to resume the uptrend in the nearest future.

BTC/USD 4H Chart

Bitcoin has almost reached the resistance area at $8,560 on Wednesday but retreated from there as bulls were unable to run the currency pair higher. Moreover, BTC/USD has started a correction and reached the support area at $8,193. Bears are unable to develop this correction and I think the uptrend is likely to resume on Thursday.

My targets are the same as I think Bitcoin is likely to develop the uptrend targeting the resistance area at $8,824. This is my target for the next couple of days. However, BTC/USD needs to break through the resistance area at $8,560 first.

I think many of you are wondering whether the downtrend is possible? The probability of this scenario is low, I suppose. The uptrend seems to be strong.

Ethereum (ETH/USD) correction stops as bulls are ready for an assault, price analysis, July 26

Ethereum has lost a little in the past 24 hours, but the uptrend is still actual. There was a correction on Wednesday but it almost over and the currency pair is ready to resume the uptrend. Anyway, I believe that bulls are going to double their efforts in the nearest future to break bears resistance.

ETH/USD 4H chart

Ethereum has reached the support area at $473.39 on Wednesday within the correction framework but failed to move lower and I see a good sign here. Bulls have build a wall at this level, which supported the currency pair from further decline.

What my targets are? I think that ETH/USD is going to reach the resistance area at $500.36. The currency pair is able to move even higher, but let’s be realistic. We have to test July’s highs first before the price will be able to go higher.

Ripple (XRP/USD) is ready to resume the uptrend, price analysis, July 26

Ripple corrected on Tuesday and consolidated on Wednesday with almost no gains no losses. I think that the currency pair is ready to resume the uptrend in the nearest future. Bears seem to be unable to change the situation in their favor.

XRP/USD 4H chart

We have reached the support area at $0.4495 again on Tuesday, but bulls counterattacked and gained momentum. XRP price is above this support area currently. My targets are well above at $0.5088. I believe that we are going to have the uptrend resumed in the nearest future.

However, the price has to break through the closest resistance at $0.4744 before reaching my target. Can bears revert the situation? I am far from thinking this. Bulls are strong currently and are able to gain new aims.

EOS (EOS/USD) ends correction, new targets on the way, price analysis, July 26

EOS corrected on Wednesday and almost reached the support area at $8.29. There were almost no gains no losses in the past 24 hours. I think EOS/USD is ready to resume the uptrend in the nearest future and we will see some new big upside movements.

EOS/USD 4H chart

EOS is trading between $8.29 and $9.03 currently but EOS price is likely to resume the uptrend in the coming hours, I believe. My targets are set at $9.56 resistance area but we have to break through the resistance at $9.03 before going higher.

Are bears able to change the situation? I don’t think so. They are weak currently and have no power to push EOS/USD lower.

NEM (XEM/USD) resumes the uptrend as there are almost no obstacles on the way, price analysis, July 26

NEM looks very promising on Thursday. The currency pair had a downside correction on Wednesday and seems to resume the uptrend currently. Bears have almost no chances as they lost control over the market.XEM/USD 4H chart

NEM  has almost reached the resistance area at $0.1883. The uptrend seems to be resumed and my targets are still the same. I believe XEM/USD is likely to reach $0.2082 in the nearest future. There are no candlestick patterns currently, but I see HL which means the currency pair goes upwards.

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📈 Pricewise
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Darryn Pollock

Bitcoin Needs Banks and Regulators to Step in to Make it a Success

The recent move by banks to ban customers buying Bitcoin with credit cards is both good for individuals and Bitcoin
Bitcoin Needs Banks and Regulators to Step in to Make it a Success

As soon as the word “regulation” comes into contact with the crypto community, there is much booing and hissing. The decentralized nature of Bitcoin and other cryptocurrencies is supposed to bring total economic freedom but it turns out that freedom is still a dangerous thing.

The recent move by the Lloyds Banking group in the UK, as well as JP Morgan in the US, to ban the buying of Bitcoin with their credit cards is a slightly removed form of regulation that is not only necessary, but beneficial to the crypto ecosystem.

Buying with debt

Straight off the bat, it is nonsensical for people to purchase a speculative asset such as Bitcoin with credit cards, or any sort of debt.  It is not only foolhardy, but dangerous for investors, and for Bitcoin.

News sprung up during Bitcoin’s monster rally last year, through November and December, of people getting caught up in the fear of missing out (FOMO) who were desperate to get involved in this ‘once in a lifetime’ opportunity.

People began buying Bitcoin with credit cards without really taking into consideration the dangers it could bring. At that time, it was all green markets and huge upswings. However, what goes up, must come down, and down the market went.

Those people who bought Bitcoin at the top with credit cards are now suffering not only the normal debt associated with credit cards but also have to deal with almost a 50 percent loss in their investment.

Reasons for stepping in

Whenever banks start making rules about Bitcoin, people get nervous. However, it’s good to remember that this move by Lloyds and JP Morgan is really a very specific niche of regulating. The banks are not involved in controlling people and their Bitcoin but are rather setting the rules for how their credit can be used.

It is pretty standard for banking to have such a level of control, and it’s a bit of regulating that the ‘new crop’ of investors could use. The reason that the banks have for doing this is the fear that their customers will get even deeper into debt, and thus could default.

Sounds like bubble talk

Buying highly volatile assets with debt is almost always a bad move. This happened in the housing market with its sub-prime mortgages. The dotcom boom also saw people throwing huge amounts of money at companies, some of it borrowed, leading to an eventual bubble.

It is not the technology that’s the problem, but people’s psychology. If people continue to get into the Bitcoin market just to make huge returns with no understanding of the underlying asset, the currency is in danger of bubbling.

However, if banks and others step in, then a little bit of added regulation can moderate people’s worst impulses and help Bitcoin survive and become viable.

Blending in regulation

There is regulation, and then there is regulation. Some are out there to try and strap Bitcoin down to a point where it cannot exist, such as in China. On the other hand, there is regulation which is actually aimed at helping fintech and the evolution of Blockchain technology.

If there can be protections and rules from banks and other institutions to protect people from a bubble or a bad Bitcoin experience, it can only be beneficial for the digital currency and should be sought, rather than shunned.

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Crypto Gags Heewon Jang

Warren Buffett Still Thinks It's A Bubble ?? ????

Crypto Gags
Will The Bubble Burst ? ???? What Are Your Thoughts On It?
Warren Buffett Still Thinks It's A Bubble ?? ????

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