Every trader MUST have a trading journal! for BINANCE ...

Decred: Secure. Adaptable. Sustainable.

Decred aims to build a community-directed cryptocurrency whose security, adaptability, and sustainability make it a superior long-term store of value. It is achieving this aim by building the world's first truly decentralized autonomous organization.
[link]

Hoy vence el plazo para que Trump logre un paquete de ayuda antes de las elecciones



Este martes en horas de la noche vencerá el plazo en Estados Unidos (EE.UU.) para alcanzar un acuerdo de ayuda por $2,2 billones antes de las elecciones presidenciales del 3 de noviembre venidero.
El propósito de esta iniciativa es aprobar una ley que proporcione a hogares y empresas fondos adicionales contra el Covid-19.
La presidenta de la Cámara de Representantes de la nación norteamericana, de mayoría demócrata, Nancy Pelosi, dijo a la Casa Blanca el domingo que tiene hasta este 20 de octubre para llegar a un acuerdo de estímulo fiscal.
De lo contrario, es poco probable que se apruebe la ayuda antes del proceso electoral del próximo mes, informó The Wall Street Journal.
En una carta que envió a sus colegas demócratas, Pelosi comentó el estado de sus conversaciones con el secretario del Tesoro, Steven Mnuchin.
«Las negociaciones para el alivio del coronavirus continuaron durante el fin de semana, y el secretario Mnuchin envió el texto esperado sobre las pruebas. Si bien hubo algunas noticias alentadoras, queda mucho trabajo por hacer», señala en la misiva.
Agrega que es «optimista de que podamos llegar a un acuerdo antes de las elecciones. Con ese fin, escribimos un lenguaje a medida que negociamos las prioridades, de modo que estemos totalmente preparados para avanzar una vez que lleguemos a un acuerdo».

El monto y el motivo de la discordia

Los demócratas de la Cámara de Representantes esperan la aprobación de un paquete de 2,2 billones de dólares.
En su estrategia de campaña, los demócratas alegan la necesidad de «actuar con urgencia para proteger las vidas y los medios de subsistencia del pueblo estadounidense».
En su carta, Pelosi habla del «impacto en términos de la disparidad que enfrentan las comunidades de color».
«Un niño latino tiene ocho veces más probabilidades de tener que ir al hospital debido al Covid-19 que un niño blanco, y un niño negro tiene cinco veces más probabilidades. Queremos que todos nuestros niños estén protegidos», expresa.
Agrega que los niños se ven además afectados «por la negativa de la Casa Blanca de ampliar el Crédito Tributario por Hijos, el Crédito Tributario por Hijos y Dependientes y el Crédito Tributario por Ingreso del Trabajo, al tiempo que continúan los beneficios fiscales para algunos de los más ricos de Estados Unidos».
Si bien el presidente Donald Trump ha dicho que está preparado para negociar su propuesta, de 1,8 billones de dólares, la mayoría republicana en el Senado pretende aprobar un paquete mucho más modesto.
Si el paquete no se aprueba antes de las elecciones, podría ser en febrero de 2021 cuando ocurra, dijo al diario el representante Tom Reed (RN.Y.).

Conversaciones de última hora

Este lunes, Pelosi y Mnuchin, conversaron telefónicamente por cerca de una hora para reducir sus diferencias sobre el paquete de ayuda.
El subjefe de Personal de Pelosi, Drew Hammill, escribió en Twitter: «El Presidente sigue esperando que, al final del día del martes, tengamos claridad sobre si seremos capaces de aprobar un proyecto de ley antes de las elecciones”.
En esa llamada «continuaron reduciendo sus diferencias. El Presidente ha encargado a los titulares de los comités que reconcilien las diferencias con sus homólogos republicanos en áreas clave».

El paquete de estímulo y las criptomonedas

A mediados de mayo el valor de bitcoin superó los 9.500 dólares, tras la aprobación, en abril de este año, del proyecto de ley de paquete de estímulo masivo Covid-19 para la población de EE.UU., por un billón de dólares.
Este aumento pareció deberse a que muchos beneficiarios invirtieron su primer cheque de estímulo de $1.200 en la compra de bitcoins, informó Morocotacoin.
Se estima que debido a esas compras aumentó el precio del bitcoin, ya que para el 15 de abril se encontraba en 6.727 dólares y ya el 15 de mayo se ubicó en 9.523 dólares.
Ahora expertos en cripto mercado debaten si los estadounidenses harán lo mismo con un nuevo cheque de estímulo.
De hecho, a las 7:25 UTC este martes (3:25 am, hora de Venezuela), el precio del bitcoin rompió la barrera de los $11.850 por primera vez en casi siete semanas.
Datos de CryptoCompare muestran que el precio de la primera criptomoneda se cotizó una hora más tarde en $11.734, 2,3% más que en las últimas 24 horas.
submitted by Morocotacoin to noticias_en_espanol [link] [comments]

Hoy vence el plazo para que Trump logre un paquete de ayuda antes de las elecciones

Hoy vence el plazo para que Trump logre un paquete de ayuda antes de las elecciones
https://preview.redd.it/68en5zrtr9u51.png?width=696&format=png&auto=webp&s=603393b4e1cdcf142ca9785416b384d91d77d531
Este martes en horas de la noche vencerá el plazo en Estados Unidos (EE.UU.) para alcanzar un acuerdo de ayuda por $2,2 billones antes de las elecciones presidenciales del 3 de noviembre venidero.
El propósito de esta iniciativa es aprobar una ley que proporcione a hogares y empresas fondos adicionales contra el Covid-19.
La presidenta de la Cámara de Representantes de la nación norteamericana, de mayoría demócrata, Nancy Pelosi, dijo a la Casa Blanca el domingo que tiene hasta este 20 de octubre para llegar a un acuerdo de estímulo fiscal.
De lo contrario, es poco probable que se apruebe la ayuda antes del proceso electoral del próximo mes, informó The Wall Street Journal.
En una carta que envió a sus colegas demócratas, Pelosi comentó el estado de sus conversaciones con el secretario del Tesoro, Steven Mnuchin.
«Las negociaciones para el alivio del coronavirus continuaron durante el fin de semana, y el secretario Mnuchin envió el texto esperado sobre las pruebas. Si bien hubo algunas noticias alentadoras, queda mucho trabajo por hacer», señala en la misiva.
Agrega que es «optimista de que podamos llegar a un acuerdo antes de las elecciones. Con ese fin, escribimos un lenguaje a medida que negociamos las prioridades, de modo que estemos totalmente preparados para avanzar una vez que lleguemos a un acuerdo».

El monto y el motivo de la discordia

Los demócratas de la Cámara de Representantes esperan la aprobación de un paquete de 2,2 billones de dólares.
En su estrategia de campaña, los demócratas alegan la necesidad de «actuar con urgencia para proteger las vidas y los medios de subsistencia del pueblo estadounidense».
En su carta, Pelosi habla del «impacto en términos de la disparidad que enfrentan las comunidades de color».
«Un niño latino tiene ocho veces más probabilidades de tener que ir al hospital debido al Covid-19 que un niño blanco, y un niño negro tiene cinco veces más probabilidades. Queremos que todos nuestros niños estén protegidos», expresa.
Agrega que los niños se ven además afectados «por la negativa de la Casa Blanca de ampliar el Crédito Tributario por Hijos, el Crédito Tributario por Hijos y Dependientes y el Crédito Tributario por Ingreso del Trabajo, al tiempo que continúan los beneficios fiscales para algunos de los más ricos de Estados Unidos».
Si bien el presidente Donald Trump ha dicho que está preparado para negociar su propuesta, de 1,8 billones de dólares, la mayoría republicana en el Senado pretende aprobar un paquete mucho más modesto.
Si el paquete no se aprueba antes de las elecciones, podría ser en febrero de 2021 cuando ocurra, dijo al diario el representante Tom Reed (RN.Y.).

Conversaciones de última hora

Este lunes, Pelosi y Mnuchin, conversaron telefónicamente por cerca de una hora para reducir sus diferencias sobre el paquete de ayuda.
El subjefe de Personal de Pelosi, Drew Hammill, escribió en Twitter: «El Presidente sigue esperando que, al final del día del martes, tengamos claridad sobre si seremos capaces de aprobar un proyecto de ley antes de las elecciones”.
En esa llamada «continuaron reduciendo sus diferencias. El Presidente ha encargado a los titulares de los comités que reconcilien las diferencias con sus homólogos republicanos en áreas clave».

El paquete de estímulo y las criptomonedas

A mediados de mayo el valor de bitcoin superó los 9.500 dólares, tras la aprobación, en abril de este año, del proyecto de ley de paquete de estímulo masivo Covid-19 para la población de EE.UU., por un billón de dólares.
Este aumento pareció deberse a que muchos beneficiarios invirtieron su primer cheque de estímulo de $1.200 en la compra de bitcoins, informó Morocotacoin.
Se estima que debido a esas compras aumentó el precio del bitcoin, ya que para el 15 de abril se encontraba en 6.727 dólares y ya el 15 de mayo se ubicó en 9.523 dólares.
Ahora expertos en cripto mercado debaten si los estadounidenses harán lo mismo con un nuevo cheque de estímulo.
De hecho, a las 7:25 UTC este martes (3:25 am, hora de Venezuela), el precio del bitcoin rompió la barrera de los $11.850 por primera vez en casi siete semanas.
Datos de CryptoCompare muestran que el precio de la primera criptomoneda se cotizó una hora más tarde en $11.734, 2,3% más que en las últimas 24 horas.
submitted by Morocotacoin to u/Morocotacoin [link] [comments]

Hoy vence el plazo para que Trump logre un paquete de ayuda antes de las elecciones

Hoy vence el plazo para que Trump logre un paquete de ayuda antes de las elecciones


Este martes en horas de la noche vencerá el plazo en Estados Unidos (EE.UU.) para alcanzar un acuerdo de ayuda por $2,2 billones antes de las elecciones presidenciales del 3 de noviembre venidero.
El propósito de esta iniciativa es aprobar una ley que proporcione a hogares y empresas fondos adicionales contra el Covid-19.
La presidenta de la Cámara de Representantes de la nación norteamericana, de mayoría demócrata, Nancy Pelosi, dijo a la Casa Blanca el domingo que tiene hasta este 20 de octubre para llegar a un acuerdo de estímulo fiscal.
De lo contrario, es poco probable que se apruebe la ayuda antes del proceso electoral del próximo mes, informó The Wall Street Journal.
En una carta que envió a sus colegas demócratas, Pelosi comentó el estado de sus conversaciones con el secretario del Tesoro, Steven Mnuchin.
«Las negociaciones para el alivio del coronavirus continuaron durante el fin de semana, y el secretario Mnuchin envió el texto esperado sobre las pruebas. Si bien hubo algunas noticias alentadoras, queda mucho trabajo por hacer», señala en la misiva.
Agrega que es «optimista de que podamos llegar a un acuerdo antes de las elecciones. Con ese fin, escribimos un lenguaje a medida que negociamos las prioridades, de modo que estemos totalmente preparados para avanzar una vez que lleguemos a un acuerdo».

El monto y el motivo de la discordia

Los demócratas de la Cámara de Representantes esperan la aprobación de un paquete de 2,2 billones de dólares.
En su estrategia de campaña, los demócratas alegan la necesidad de «actuar con urgencia para proteger las vidas y los medios de subsistencia del pueblo estadounidense».
En su carta, Pelosi habla del «impacto en términos de la disparidad que enfrentan las comunidades de color».
«Un niño latino tiene ocho veces más probabilidades de tener que ir al hospital debido al Covid-19 que un niño blanco, y un niño negro tiene cinco veces más probabilidades. Queremos que todos nuestros niños estén protegidos», expresa.
Agrega que los niños se ven además afectados «por la negativa de la Casa Blanca de ampliar el Crédito Tributario por Hijos, el Crédito Tributario por Hijos y Dependientes y el Crédito Tributario por Ingreso del Trabajo, al tiempo que continúan los beneficios fiscales para algunos de los más ricos de Estados Unidos».
Si bien el presidente Donald Trump ha dicho que está preparado para negociar su propuesta, de 1,8 billones de dólares, la mayoría republicana en el Senado pretende aprobar un paquete mucho más modesto.
Si el paquete no se aprueba antes de las elecciones, podría ser en febrero de 2021 cuando ocurra, dijo al diario el representante Tom Reed (RN.Y.).

Conversaciones de última hora

Este lunes, Pelosi y Mnuchin, conversaron telefónicamente por cerca de una hora para reducir sus diferencias sobre el paquete de ayuda.
El subjefe de Personal de Pelosi, Drew Hammill, escribió en Twitter: «El Presidente sigue esperando que, al final del día del martes, tengamos claridad sobre si seremos capaces de aprobar un proyecto de ley antes de las elecciones”.
En esa llamada «continuaron reduciendo sus diferencias. El Presidente ha encargado a los titulares de los comités que reconcilien las diferencias con sus homólogos republicanos en áreas clave».

El paquete de estímulo y las criptomonedas

A mediados de mayo el valor de bitcoin superó los 9.500 dólares, tras la aprobación, en abril de este año, del proyecto de ley de paquete de estímulo masivo Covid-19 para la población de EE.UU., por un billón de dólares.
Este aumento pareció deberse a que muchos beneficiarios invirtieron su primer cheque de estímulo de $1.200 en la compra de bitcoins, informó Morocotacoin.
Se estima que debido a esas compras aumentó el precio del bitcoin, ya que para el 15 de abril se encontraba en 6.727 dólares y ya el 15 de mayo se ubicó en 9.523 dólares.
Ahora expertos en cripto mercado debaten si los estadounidenses harán lo mismo con un nuevo cheque de estímulo.
De hecho, a las 7:25 UTC este martes (3:25 am, hora de Venezuela), el precio del bitcoin rompió la barrera de los $11.850 por primera vez en casi siete semanas.
Datos de CryptoCompare muestran que el precio de la primera criptomoneda se cotizó una hora más tarde en $11.734, 2,3% más que en las últimas 24 horas.
submitted by Morocotacoin to CryptoMexico [link] [comments]

Price Discovery in Bitcoin exchange

About thirty days ago I shared a chart on Price Discovery in this sub. There was a lot of interest in it and I promised to explain in detail a Bitcoin price discovery algorithm.. I do so in this post.
*this text post is a slightly shorter version of what I wrote in my blog.

TL;DR

I applied price discovery algorithms to 5 Min OHLCV data from Bitmex and CME contracts and Bitstamp, Coinbase, HitBTC, Kraken, Poloniex, Binance, and OkEx BTCUSD/BTCUSDT markets from March 2016 to May 2020. Some exciting results I got was:

Introduction

Price discovery is the overall process of setting the price of an asset. Price discovery algorithms identify the leader exchanges whose traders define the price. Two approaches are most famous for use in Price Discovery. Gonzalo and Granger (1995) and Hasbrouck (1995). But they assume random walk, and a common efficient price. I do not feel comfortable assuming random walk and common efficient price in Bitcoin Markets. So I used this little know method by De Blasis (2019) for this analysis. This work assumes that "the fastest price to reflect new information releases a price signal to the other slower price series." I thought this was valid in our market. It uses Markov Chains to measure Price Discovery. Without going into the mathematical details the summary steps used was:
De Blasis (2019) names this number Price Leadership Share (PLS). High PLS indicates a large role in price discovery. As the sum of the numbers is 1, they can be looked at as a percentage contribution. I recommend reading the original paper if you are interested to know more about the mathematical detail.

Data

Andersen (2000) argues that 5 Minute window provides the best trade-off between getting enough data and avoiding noise. In one of the first work on Bitcoin's Price Discovery, Brandvold et al. 2015 had used 5M window. So I obtained 5M OHLCV data using the following sources:
Futures data are different from other data because multiple futures contract trades at the same time. I formed a single data from the multiple time series by selecting the nearest contract until it was three days from expiration. I used the next contract when the contract was three days from expiration. This approach was advocated by Booth et al ( 1999 )

Analysis

I can't embed the chart on reddit so open this https://warproxxx.github.io/static/price_discovery.html
In the figure above, each colored line shows the total influence the exchange had towards the discovery of Bitcoin Price on that day. Its axis is on the left. The black line shows a moving average of the bitcoin price at the close in Bitfinex for comparison. The chart was created by plotting the EMA of price and dominance with a smoothing factor of 0.1. This was done to eliminate the noise. Let's start looking from the beginning. We start with a slight Bitfinex dominance at the start. When the price starts going up, Bitfinex's influence does too. This was the time large Tether printing was attributed to the rise of price by many individuals. But Bitfinex's influence wanes down as the price starts rising (remember that the chart is an exponential moving average. Its a lagging indicator). Afterward, exchanges like Binance and Bitstamp increase their role, and there isn't any single leader in the run. So although Bitfinex may have been responsible for the initial pump trades on other exchanges were responsible for the later rally.
CME contracts were added to our analysis in February 2018. Initially, they don't have much influence. On a similar work Alexandar and Heck (2019) noted that initially CBOE contracts had more influence. CBOE later delisted Bitcoin futures so I couldn't get that data. Overall, Bitmex and CME contracts have been averaging around 50% of the role in price discovery. To make the dominance clear, look at this chart where I add Bitmex Futures and Perp contract's dominance figure to create a single dominance index. There bitmex leads 936 of the total 1334 days (Bitfinex leads 298 days and coinbase and binance get 64 and 6 days). That is a lot. One possible reason for this might be Bitmex's low trading fee. Bitmex has a very generous -0.025% maker fee and price discovery tend to occur primarily in the market with smaller trading costs (Booth et al, 1999). It may also be because our market is mature. In mature markets, futures lead the price discovery.
Exchange bitmex_futures bitfinex coinbase bitmex okex binance cme bitstamp okcoin kraken poloniex
Days Lead 571 501 102 88 34 12 8 7 6 4 1
 Table 1: Days Lead 
Out of 1334 days in the analysis, Bitmex futures leads the discovery in 571 days or nearly 43% of the duration. Bitfinex leads for 501 days. Bitfinex's high number is due to its extreme dominance in the early days.
Exchange binance huobi cme okcoin bitmex_futures okex hitbtc kraken poloniex bitstamp bitfinex coinbase bitmex
Correlation 0.809190 0.715667 0.648058 0.644432 0.577147 0.444821 0.032649 -0.187348 -0.365175 -0.564073 -0.665008 -0.695115 -0.752103
 Table 2: Correlation between the close price and Exchange's dominance index 
Binance, Huobi, CME, and OkCoin had the most significant correlation with the close price. Bitmex, Coinbase, Bitfinex, and Bitstamp's dominance were negatively correlated. This was very interesting. To know more, I captured a yearwise correlation.
index 2016 2017 2018 2019 2020
0 bitfinex 0.028264 -0.519791 0.829700 -0.242631 0.626386
1 bitmex 0.090758 -0.752297 -0.654742 0.052242 -0.584956
2 bitmex_futures -0.011323 -0.149281 -0.458857 0.660135 0.095305
3 bitstamp 0.316291 -0.373688 0.600240 -0.255408 -0.407608
4 coinbase -0.505492 -0.128336 -0.351794 -0.410874 -0.262036
5 hitbtc 0.024425 0.486229 0.104912 -0.200203 0.308862
6 kraken 0.275797 0.422656 0.294762 -0.064594 -0.192290
7 poloniex 0.177616 -0.087090 0.230987 -0.135046 -0.154726
8 binance NaN 0.865295 0.706725 -0.484130 0.265086
9 okcoin NaN 0.797682 0.463455 -0.010186 -0.160217
10 huobi NaN 0.748489 0.351514 -0.298418 0.434164
11 cme NaN NaN -0.616407 0.694494 -0.012962
12 okex NaN NaN -0.618888 -0.399567 0.432474
Table 3: Yearwise Correlation between the close price and Exchange's dominance index
Price movement is pretty complicated. If one factor, like a dominant exchange, could explain it, everyone would be making money trading. With this disclaimer out of the way, let us try to make some conclusions. This year Bitfinex, Huobi, and OkEx, Tether based exchanges, discovery power have shown a high correlation with the close price. This means that when the traders there become successful, price rises. When the traders there are failing, Bitmex traders dominate and then the price is falling. I found this interesting as I have been seeing the OkEx whale who has been preceding price rises in this sub. I leave the interpretation of other past years to the reader.

Limitations

My analysis does not include market data for other derivative exchanges like Huobi, OkEx, Binance, and Deribit. So, all future market's influence may be going to Bitmex. I did not add their data because they started having an impact recently. A more fair assessment may be to conclude this as the new power of derivative markets instead of attributing it as the power of Bitmex. But Bitmex has dominated futures volume most of the time (until recently). And they brought the concept of perpetual swaps.

Conclusion

There is a lot in this data. If you are making a trading algo think there is some edge here. Someday I will backtest some trading logic based on this data. Then I will have more info and might write more. But, this analysis was enough for to shift my focus from a Bitfinex based trading algorithm to a Bitmex based one. It has been giving me good results.
If you have any good ideas that you want me to write about or discuss further please comment. If there is enough interest in this measurement, I can setup a live interface that provides the live value.
submitted by warproxxx to BitcoinMarkets [link] [comments]

Content creation for the next 3 months

Dear NavCoin supporters!
Since the technical side of the project is in full swing, it would be unfair not to disseminate information about the progress of NavCoin on all kinds social media and websites related to crypto.
In this regard, together with the other NavCoin contributors, we decided to create this proposal for next 3 months, which will help not only share information about the future development of the NavCoin, but also inform current NavCoin community and expand the existing community through motivational, educational articles.
Goals
  1. Strengthen and increase awareness of the NavCoin project and its features
  2. Educate new NavCoin users
  3. Motivate users to invest/stake/use/contribute to NavCoin
Working process
  1. Content creation
Writing 4-6 articles per month for the following topics. Here is a list of planned topics (topics may change):
  1. Proofreading
Proofreading and correction
  1. Design of pictures for the articles
Design of pictures in the same style for different directions and for different social networks
  1. Content distribution across all popular social media
Posting articles, updates, motivational messages in all available social media:
Responsible persons for publication
salmonskinroll
*need to talk to Craig in order to receive instructions, how to add articles into Github.
Beekart
cryptorocket
PLUS:
Content distribution through Cryptoshib services. Here are sources where NavCoin content will be published:
Working team
Content creator (1) - cryptorocket (Medium , mostly wrote for Russian audience)
Proofreaders (2) - salmonskinroll and magpie17
Graphic designer (2) - cryptorocket and Beekart
Content Distributors (5) - salmonskinroll, CryptoShib, Beekart and cryptorocket
In total: 5 contributors

Payment

Content creation
Creation of 1 article: 365 NAV
Total for 6 articles: 2 190 NAV per month
Total for 3 months: 6 570 NAV

Proofreading
Proofreading and correction of 1 article (for 2 proofreaders): 150 NAV
Total for 6 articles: 900 NAV per month
Total for 3 months: 2 700 NAV

Design
Design for one article (+ different sizes): 150 NAV
Total for 6 articles: 900 NAV per month
Total for 3 months: 2 700 NAV

Publication
Publication of one article in all named above social media, website: 150 NAV
Total for 6 articles: 900 NAV per month
Total for 3 months: 2 700 NAV

CryptoShib services:
Publication of one article in all mentioned sources: 450 NAV
Max. publication of 3 articles per month: 1 350 NAV
Max. for 3 months: 4 050 NAV

Total amount for all activities for next 3 months: 18 720 NAV (6 240 NAV per month)
*This is the maximum amount and it will depend on the number of articles written.
Accordingly, if less than 6 articles are written per month, then the request for payment will be less
submitted by NavCoin_Adoption to u/NavCoin_Adoption [link] [comments]

Kava CDP Mainnet Resources (USDX Minting, BNB for DeFi Lending, etc)

Interested in learning more about Kava's June 10th launch of its CDP Mainnet? Well, check out these links & guides! Most relevant are bolded!

Educational

Guides
All About BNB As Kava's 1st Supported Asset! [The Who, How, When, Where, & Why]
All About Crypto Paydays! (Deep Dive) [The Kava DeFi Lending Rewards Program]
All About Kava’s DeFi Lending [DeFi Lending For Beginners!]
Information
June 10th CDP Mainnet Launch [Kava's DeFi Lending Platform Goes Live]
All About Binance Margin Trading Competition! [The Tesla Cyber Truck]
Crypto Payday (Quick Dive) [The BNB Pre-Registration Campaign]
Resources
List of Official Binance & Kava Docs [Announcements, and Dev Tools]
Frequently Asked Questions [DeFi Lending Section]
Recap of Kava x Binance English AMA [From May 28th, 2020]

Links

Official Announcements
Latest Kava Status Update [Published: June 30th, 2020 on Kava Medium]
Kava's CDP Announcement [Kava ANN From Their Medium Blog]
Official Binance/Kava Joint PR [Regarding The June 10th CDP Mainnet Launch]
Trade KAVA to Win a Tesla Cybertruck and $27,800 in KAVA Tokens! [Published: June 9th, 2020 on Binance.com]
Binance Will Support the Upcoming Kava (KAVA) Mainnet Upgrade [Published: June 8th, 2020 on Binance.com]
Binance Enables Isolated Margin Trading for KAVA [Published: June 4th, 2020 on Binance.com]
Binance Savings Adds KAVA to Flexible Savings [Published: June 5th, 2020 on Binance.com]
Binance Research Report on Kava Labs [Published: June 15th, 2020 on Binance.com
General News Coverage

YouTube Coverage
submitted by Kava_Mod to KavaUSDX [link] [comments]

Welcome to Bitcoin Mirror Trading UK!

Useful Info:
MTI official URL Link:
➡️https://mymticlub.com/ Click on ‘Member Login’
Bitcoin Mirror Trading UK Invite Link (Telegram)
➡️ https://t.me/joinchat/AAAAAFac2S2fqT_FFJ6ZoA
Official MTI Telegram Group
➡️https://mymticlub.com/telegram
Official MTI Youtube Link
➡️ https://www.youtube.com/channel/UC96zVhuCPm83_HwGTJZ3x0A
Bitcoin Mirror Trading UK Facebook Invite Link
➡️ https://www.facebook.com/groups/278604083278752/?ref=share
Bitcoin Mirror Trading UK Subreddit Link
➡️ https://www.reddit.com/MTIUK/
Useful Info:
WHERE DO YOUR FUNDS GO?
When you add funds to MTI, the BTC you sent to MTI's BTC Wallet physically gets sent to the BROKER to be traded and remains there until you request a withdrawal to your BTC wallet.
⚠️ Remember, no funds are ever physically in the backoffice - the backoffice just REFLECTS the funds you have and allows you to request the movement thereof.
ACTIVATION WALLET All BTC Deposits come into your MTI account via the Activation Wallet but gets AUTOMATICALLY transferred to the Trading Pool.
P2P transfers from another member's account come into your account via the Activation Wallet but ... ❌ does NOT automatically go into the Trading Pool which means it will NOT be traded until you ... ✅ MANUALLY move it to the Trading Pool.
TRADING POOL Only approved BTC Deposits from external BTC Wallets and Daily Trading Bonuses get added automatically to the trading pool.
⚠️ Note: ONLY the funds that are in the Trading Pool will get traded.
INCOME WALLET ALL bonuses earned from referring members and building a team, ie. Referral Bonuses, Binary Bonuses and P1/P2 Leadership Bonuses go to INCOME WALLET - it does NOT automatically get added to the trading pool.
Referral Bonuses (allocated when your direct referral makes a qualifying deposit) and Binary Bonuses (allocated weekly on Saturdays) have a 7 day waiting period and will reflect in your income wallet's pending balance and after the 7 day waiting period will appear in your income wallet's available balance.
P1/P2 bonuses are paid each Saturday and are available immediately and will reflect in your income wallet's available balance.
⚠️ Note: Funds that are in the Income Wallet will NOT be traded, which means it is NOT growing unless it is in the Trading Pool.
Whatever is in the available income wallet balance can be: ✅ manually transferred to Trading Pool to grow ✅ transferred to another member via P2P ✅ withdrawn to BTC wallet to be spent, sold or deposited back into MTI 🤑
WALLET TRANSACTION HISTORY All bonuses earned and movement of funds can be seen as "journal entries" under Wallet, Wallet Transaction History.
EXCHANGES HOW TO's:
BINANCE< How to Register | Verify | 2FA your Binance Account https://youtu.be/y0QGqU6HDhI
How to purchase Bitcoin with a Credit or Debit Card https://youtu.be/eC2ILQl1NNA
How to fund your MTI Trading Pool from Binance https://youtu.be/MrYJakdV2Wc
AltcoinTrader< How to buy Bitcoin on Altcointrader https://youtu.be/3iNrHgTiOxA
How to fund MTI from Altcointrader https://youtu.be/P7Q63U2rsBs
LUNO< How to buy Bitcoin using Luno: https://youtu.be/rjc2zdtlN_U
How to transfer Bitcoin from Luno to MTI: https://youtu.be/1LJqiMKXOQ8
HOW TO USE LUNO PLAYLIST: https://www.youtube.com/playlist?list=PLvmGHZnqNO9R1WQ3fu7OG1Td9ZJvLwd6Q
VALR< Buy BTC using VALR https://youtu.be/Ea-X81FDC6s
Transfer to MTI from VALR https://youtu.be/FuasXWizElQ
submitted by Tonyc2584 to MTIUK [link] [comments]

The Kava Labs Video Tracker! (YouTube)

This topic tracks the various Youtube uploads regarding Kava Labs. The Kava team checks YouTube everyday - even is a video generally has a "negative outlook" as long as it is educational it will be included here.
If a YouTube video is NOT included here, then it most likely means that it contains false information, and can not be endorsed by Kava in anyway.

Featured Videos:

The Featured section are what Kava feels are the best resources for information
























Monthly Tracker:

This videos in this section are ordered by their published dates, w/ the most recent being first.

July 2020
























June 2020



















May 2020











April 2020







March 2020





Feb 2020




Jan 2020



Dec 2019








Nov 2019










Oct 2019



Summer 2019

These video's may be outdated & no longer relevant.














Note: The vast majority of the video's published during the summer of 2019 are outdated & no longer relevant. Many are also XRP related, and although XRP will be supported by the Kava Defi Lending platform in the near future, this is no longer breaking news.
submitted by Kava_Mod to KavaUSDX [link] [comments]

r/Bitcoin recap - June 2019

Hi Bitcoiners!
I’m back with the 30th monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in May 2019
Adoption
Development
Security
Mining
Business
Research
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

COVID-19: Italian News Agency, EY, Combat Fake News with Blockchain Technology

The Agenzia Nazionale Stampa Associata (ANSA), Italy’s major news agency has joined forces with Ernst & Young to develop a blockchain-based news tracking and authentication system. The solution is aimed at curbing the spread of fake news, while also uniting news publishers, web agencies and other participants in the journalism ecosystem reports Ledger Insights on April 7, 2020.

ANSA Taps Blockchain Technology

In an attempt to curb the dissemination of fake news and significantly reduce panic at a time when the world is working round the clock to find a solution to the COVID-19 pandemic, Italy’s leading news agency has rolled out a blockchain-based news provenance system.
Dubbed ANSAcheck, the blockchain system was developed in collaboration with Ernst & Young and it allows readers to verify the origin of the news published on ANSA platforms, its affiliated publications, social media platforms and more.
The ANSAcheck news authentication system is built upon the EY OpsChain Traceability solution which is powered by the Ethereum smart contracts blockchain. The team says the solution makes it possible for readers to see the primary source of the news they are reading plus its entire history.
Read more
Ogwu Osaemezu Emmanuel on April 7, 2020BTC Manager
submitted by kjonesatjaagnet to JAAGNet [link] [comments]

COVID-19: Italian News Agency, EY, Combat Fake News with Blockchain Technology

COVID-19: Italian News Agency, EY, Combat Fake News with Blockchain Technology


he Agenzia Nazionale Stampa Associata (ANSA), Italy’s major news agency has joined forces with Ernst & Young to develop a blockchain-based news tracking and authentication system. The solution is aimed at curbing the spread of fake news, while also uniting news publishers, web agencies and other participants in the journalism ecosystem reports Ledger Insights on April 7, 2020.

ANSA Taps Blockchain Technology

In an attempt to curb the dissemination of fake news and significantly reduce panic at a time when the world is working round the clock to find a solution to the COVID-19 pandemic, Italy’s leading news agency has rolled out a blockchain-based news provenance system.
Dubbed ANSAcheck, the blockchain system was developed in collaboration with Ernst & Young and it allows readers to verify the origin of the news published on ANSA platforms, its affiliated publications, social media platforms and more.
The ANSAcheck news authentication system is built upon the EY OpsChain Traceability solution which is powered by the Ethereum smart contracts blockchain. The team says the solution makes it possible for readers to see the primary source of the news they are reading plus its entire history.
Read more
Ogwu Osaemezu Emmanuel on April 7, 2020 BTC Manager
submitted by kjonesatjaagnet to JAAGNet [link] [comments]

Weekly Update: Mini-Parenas, Hydro AMA on Uptrennd, Wibson app update, SelfKey’s $KEY on Hotbit... – 24 Jan - 30 Jan'20

Weekly Update: Mini-Parenas, Hydro AMA on Uptrennd, Wibson app update, SelfKey’s $KEY on Hotbit... – 24 Jan - 30 Jan'20
Hi Parachuters! Here’s part IV of VII as we catch up - your week at Parachute + partners (24 Jan - 30 Jan'20):

In this week’s Parena(s), Cap hosted mini-Parenas (smallest, 2nd smallest, 3rd smallest) this week along with a main Cloodfest which Jeff won to take home 25k $PAR. We also had a special 2nd quick subsequent Parena between Nathan and Foo to determine the 3rd and 4th positions. Alejandro will be hosting a CoD flash game in gun game mode next week in the Parachute War Zone. This week Doc Vic hosted an NBA and Soccer raffle. Bose's History Trivia in TTR was super fun and had 2k $PAR in prizes per question. Gamer Boy’s math trivia had TTR fans reaching for a calculator. Haha. Foo hosted another intense trivia in TTR as well. Afful held another one too for 1k $PAR prize per question with a 10k $PAR prize pot. Cap joined a Y Combinator startup school session to network with other entrepreneurs and gain insights on product growth. Congratulations to Aims1 for winning the #parttrenjraffle (shared in the last update) and becoming the proud owner of two rare collectibles. Gian hosted a rapid round of name-a-tennis-player for $PAR prizes to mark the Australian Open underway. TTR launched a GIF contest this week with a 40k $PAR prize pool. Sweet! Chris announced the restart of the Parachute Super Bowl Squares with a prize pot of 1M $PAR. Whoa! For this week's Two-for-Tuesday we had folks posting songs "featuring bands with amazing guitarists". Great theme GC! For #wholesomewed Jason got Parachuters to talk about pets they wished they had. In the latest #FPL update shared by LordHades, the top 3 spots are still occupied by LH, Alexis and Novel Cloud. Click here for the full update.
Some neat feedback on ParJar from the Y Combinator startup school session
Cap: \"a sneak peak at a one pager we're cooking up\"
The aXpire team was in India this week for a workshop geared towards the release of Bilr. 20k $AXPR burn for the week happened like clockwork. 2gether’s consumer spending report (which was released last week) was covered by Coin Rivet this week. Check out 2gether’s 2019 journey, here. Spanish speakers, you can listen to Founder Salvador Casquero’s thoughts on digital business which he shared with AEFI Fintech Association here. FunOntheRide’s new tutorial video explains how the 2gether card works. This week’s #XIOSocial discussions revolved around high-value-no-profit companies and Citizen’s thoughts on “inverted lending platform”. Read about how to earn to earn crypto and about the SMS industry from Birdchain’s blog. Still waiting to check out the 3 new communities on Uptrennd? Click here to have a peep. If you didn’t know this already, you can now create polls on your posts on Uptrennd. Cool! Click here to read about more updates. Hydro crew sat down for an AMA with the Uptrennd community and gave away 100k $HYDRO tokens for the best questions. Jeff’s interview of Zero Collateral DeFi came out this week. You can read about it here. Congrats to the winners of the Uptrennd Meme Contest. Those were hilarious! For a sneak peek into Uptrennd 2.0’s designs, click here. Steven Aitchison's (CYT Crypto) latest video features the platform. Have a look! The District0x community voted to have industry news in the next DApp Digest stream. For the latest District Weekly, click here. Hydro made it to Crypto Weekly’s list of 250 crypto companies to watch in 2020. The Hydro team wrote about Financial Health Check and Emergency Savings Fund tools to get you prepared for a rainy day. Their article on challenges during digital onboarding processes at banks should be an eye opener for legacy organisations. Epic work Artefe Crypto Art! How will Digital Identity Management play out in the Hydro Pay app? Click here to find out. Silent Notary’s AMA with Quora Inner Circle was last week. Its transcript was released this week. This week they appeared for an AMA with The Block Circle. The Ubikiri app was released this week to the App Stores. Winner of Round 1 of Traders Battle was announced. And just like previous weeks, they posted daily summaries of dev work progress (1, 2, 3, 4, 5, 6, 7, 8, 9).
Uptrennd 2.0 early previews look great!
Sentivate’s $SNTVT token is now supported on the Enjin wallet and does not need to be added as a custom token. Ahead of ETHDenver, where OST’s Pepo app is the official community app, a guide was published. The latest update allows login with a multitude of IDs. CEO Jason Goldberg was interviewed by Jason Nelson (Crypto Insights Journal) where he talked about community building on the blockchain. Check out this blog post by State of the DApps which discusses unique use-cases of Pepo. SelfKey’s $KEY token is now tradable and playable on Play Royal. To celebrate the occasion, competitions were launched with prize pools worth USD 6k in $KEY tokens. The token was also listed on Hotbit and InstaSwap this week. Click here and here for sneak peeks into the SelfKey mobile app under development. Constellation CEO Ben Jorgensen spoke at the Crypto 2020 Summit this week. Community member Constellation LV is currently working on a Ledger app for the project. Click here for a preview. A Russian language section was added to the website. CTO Wyatt Meldman-Floch demonstrated how double spend attacks can be prevented. In Yazom’s January update, founder Sanjé Witter shared that the open beta was on course for release in a couple of months. Pynk’s Rose AI continues to learn and self-improve through advanced algos and inputs from Super Predictors. Read more about it here. Unsure what crowdfunding and seed rounds mean? Pynk will be raising through this mechanism soon. In preparation for it, they released an article to explain what it is and how to pre-register for it. Plus, an article on compounding explains why it is so powerful. A new update for the Wibson app was released this week. The latest version of their protocol paper covers secure data exchange and batch payments. Harmony’s $ONE token swap was covered by Coindesk and BeInCrypto. BitMax launched a BitTreasure event where users earn interest on $ONE deposits. Harmony hosted a dev community meetup in SF in collaboration with Polkadot, Taxa Network and Nervos Network to discuss on Web3. GET Protocol crew appeared for an AMA with Cryptoverse this week. GUTS Tickets got featured on Finnish tech blog Tivi. Crypto Jen (Jenny from the Blockchain) joined Global Crypto Alliance as an advisor this week. $CALL is now supported on Eidoo wallet. The transcript of last week’s COTI AMA with tehMoonwalkeR can be seen here. COTI released incentive plans to reward its TestNet node operators. TxBit exchange announced its support for DoYouTip’s $DYT token swap. ParJar holders will also have their tokens swapped automatically.

And with that, it’s a wrap for this week at Parachute and partners. See you again soon. Cheers!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Vechain 95 % of remaining non circulating supply lock up?

Suggestions - if anyone has other ideas lets discuss here. The community is an important aspect of Vechain, and considering so many people invested in Xnodes and higher and have watched their value all but disappear over the past year and a half i would think a transparent company like Vechain would be interested in hearing some suggestions from the community. The buy back is a small step in the right direction, but more could quite easily be done to improve things.
For example lock up 95% of the remaining non circulating supply. Ripple chose to lock up their remaining supply, but every 30 days 1 billion is allowed to be sold which in reality does virtually nothing to ease investor concern of them dumping their supply on the market driving price down. 1 billion coins flooding the market is more than enough to cause suppression. There is a petition going around right now to get Ripple to cut this in half and Ripple just announced theyre substantially reducing xrp sales to more accurately represent actual trade volume. Apparently Coinmarketcap shows hugely inflated false trade volumes and Ripple is now using Cryptocompare to have a clear understanding of actual volume being traded. Read here - https://www.ripple.com/insights/q2-2019-xrp-markets-report/
If Vechain were to lock up 95+% of their tokens, and lock up 95% of their staffs tokens for another year, while they continue with the buy back theyve started it would solve the immense downward pressure and the market price of VET would begin to appreciate and more accurately represent all the company is accomplishing. The Walmart announcement moved the price up 30% in approx 1-2 hours and you could see volume increased dramatically for that very short period but within a few hours the entire 30% gain was back to ZERO! I assume someone(s) were just selling into the 30% until it was all wiped out because it happened fast. Have a look at all other cryptos and youll see that when big announcements come they increase in value substantially and typically hold 50+% of that gain going forward. Link is a good example but there are many others too.
for approx 24 hours leading up to the Walmart announcement LATOKEN exchange was showing about 10-20 times the volume it usually has for VET so whoever it was trading on LATOKEN more than likely knew the announcement was coming. No proof ofcourse, but very odd to see this exchange suddenly blow away Binance and Oceanex 10 fold in terms of trade volume.
With the minimal volume (actual exchange volume) we see with VET daily, even just devs selling / trading 50-250 million on the open market could suppress price inadvertently.
Taking measures like these will raise Vechains standing amoung the naysayers and VET will rise into top 10 in the market in a fairly short period of time rather than continue to fall as it has for the past 1.5 years straight.
When VET was VEN before the 100x supply increase i questioned how the market would react to having a coin with only 30ish million in trade volume daily multiplying its supply x100 and i suggested that without a number of the top exchanges trading VET, there wont be enough volume to prevent a major drop in price and that is what happened. All other cryptos on the market that have 10 billion+ circulating supply and have a more accurate token price have maintained 5x+ the trade volume Vet has, and they are listed on most of the biggest exchanges - where Vet isnt. So exchange listings are also very important not only for the trade volume but the sense of market recognition they provide any crypto that is listed. Maybe a portion of the 25 million $ allotted for the buy back could be used on exchange listings instead?
Anyone else have some ideas?
EDIT - found this on the cryptocurrency subreddit by u/bLbGoldeN - and it provides some good insight on why projects like Vechain might not be more valuable...YET
It has been a decade since this market's inception and 3 years since I've started monitoring it closely and analyzing it. Whether you're new to crypto or a veteran that has been through multiple bubbles, chances are you don't really know what's going on. Despite surviving the worst bear market so far, we're hovering at a $300B total market cap. So how come crypto journalism is so bad it sticks out even when compared to modern journalism? The answer is that the lack of available foresight and unbiased analyses is very much on purpose.
Litecoin, Bitcoin Cash, Bitcoin SV and other clones (and almost everything else, but clones aren't as nebulous) really give you a great window on the insanity of this market. Everyone who tries to attach any kind of metrics to these projects or make realistic predictions regarding adoption and 'fair value' is prompted with a question: "Who in their right mind could think this is worth 5+ billions?" Since it's essentially impossible to reconcile market valuation and fundamentals, they assume that there's something they're not getting, that there's crucial information they lack, so they resume business as usual. There has to be a reason, right? The truth is that crypto as a whole is a rare and insanely profitable cocktail. The market is split almost perfectly in two (by perfectly, I don't mean a 50/50 split, I mean that these two sides represent almost 100% of the market):
Manipulators, who have the means to perform due diligence and are fully aware that the vast, vast majority of projects will absolutely never go anywhere, yet that a select few might explode. Gamblers, who do not understand the underlying technology (and even less the economic environment surrounding said technology) but are ready to shell out millions collectively to make a quick profit. The amount of people who perform thorough, unbiased research and invest carefully is staggeringly low, simply because there are very few individuals with the resources required to sift through the bullshit and without any intention to exploit the market. Coupled with extremely low real liquidity (arbitrage and market makers shouldn't really be considered), this results in a nonsensical market of booms & busts that benefits manipulators every time. However, none of this would be possible if it weren't for a key ingredient: Bitcoin. As long as Bitcoin and any of its clones gravitate towards the top, you can be sure that the market conditions haven't changed, because they act as indicators. Our top meme is a perfect testament to that: "HODL" is based on the bizarre and baseless assumption that the past will repeat ad vitam, and it does a great job keeping liquidity low. In short, it's a perfect gauge of the community's overall idiocy.
Mainstream media only exacerbates the issue. It's much less costly (and thus, more profitable) for it to invite supporters or critics of Bitcoin to push a certain agenda than it is to pay competent journalists or experts to provide a detailed explanation of smart contracts and the rise of a programmable economy, for example. Yet I can tell you that in most professional circles, nobody talks about Bitcoin. Manufacturers don't care about receiving payments in Bitcoin, they care about data integrity and security. Energy consortia aren't interested in having households pay their bills with Litecoin, they care about autonomous, self-balancing, self-monitoring grids that optimize electricity distribution and pricing.
There are several projects that have a much better chance to overcome the hurdles of adoption, yet it's unlikely you'll find them in the top 10 positions, because they're neither sexy nor simple. Why would manipulators waste time, money and effort inflating those projects' value, when they know full well that they'll appreciate on their own in due time? It's much easier to extract as much money as possible from morons who are willing to 'invest' in worthless junk and let the rest depreciate dramatically to secure a lower entry point. Even as the technology progresses and real innovations are made public, tribalism and hit pieces take care of the rest.
TL;DR: Current prices are not indicative of future success. If you've performed the research and come to the conclusion that an asset is undervalued, believe in yourself. This market is not your friend, it exists only to take your money.
submitted by Jtrades26 to Vechain [link] [comments]

Binance Signs Up 40,000 Crypto Traders in Its First Week in Uganda

Binance Signs Up 40,000 Crypto Traders in Its First Week in Uganda

https://preview.redd.it/tqr7ztsc4tv11.png?width=1662&format=png&auto=webp&s=57c746e622b5634cb6875b9ed8e0d4bbc2b3bf22
Despite global market doldrums, demand for cryptocurrency appears to be booming across Uganda, a country where nearly three out of four people don't have bank accounts.
Revealed exclusively to CoinDesk, Binance Uganda signed up 40,000 users in the first week since the world's largest crypto exchange launched its local subsidiary in October.
The early results suggest a strong appetite among unbanked Ugandans for purchasing bitcoin or ether, the two coins the new Binance unit currently lists.
According to a paper by Stanford University researchers recently published in the American Economic Journal, 74 percent of Ugandan households are unbanked. As such, Binance's chief financial officer Wei Zhou told CoinDesk:
"They [users] just have to have money within the mobile payment system. They don't have to have bank accounts."
Aside from the local focus, the effort differs from Binance's flagship global trading platform in at least two other notable ways.
https://www.coindesk.com/uganda-africa-binance-crypto-unbanked-traders/
submitted by Jskenow to CryptoCurrency [link] [comments]

Bitroom: world's first membership-based cryptocurrency exchange.

Bitroom
WEBSITE - WHITE PAPER - TWITTER - TELEGRAM EN - TELEGRAM CH - TELEGRAM KO - TELEGRAM RU - Kakaotalk KO
Bitroom Introduction
1. What is Bitroom.io
Bitroom is the world's first membership-based cryptocurrency exchange.
Bitroom.io guarantees to participants in the Launchpad at least 200% return.
Adhering to the original intention of promoting the consensus between the project and investors, mutual benefit and mutual win situation, the first "membership" model, to provide users with safe and convenient digital asset exchange services. By selecting and introducing quality blockchain projects around the world, we are committed to providing our members with a richer market investment option, better experience and more opportunities for high returns.
2. Bitroom Features
Member Priority
Bitroom will select and introduce high-quality blockchain projects around the world, and is committed to providing members with better market investment options, better experience and more opportunities for high returns. On the Bitroom platform, every member has an equal opportunity to participate in the investment of early quality projects. Bitroom will protect the member's investment income and returns most of the platform's revenue to the members.
Open and Transparent
To win the trust of the community, Bitroom is committed to creating an open and transparent virtual currency trading platform. This includes:
3. Member Benefits
Upon joining Bitroom,you will be entitled to the following membership benefits:

4. Conditions of Membership
Users become members, with all relevant membership benefits, once they hold a certain minimum amount of platform currency.
Innovative ITO mode ITO Platform Currency Distribution Method
ITO (Initial Trust Offering) includes three important aspects: fundraising, Token distribution, and fund return. The ITO model is open and transparent and 80% of the funds raised will be returned to the user and can be verified. This model allows the project side and the user to reach a consensus, which is a good solution to the problem of mutual trust.
1. ITO — Introduction
The core Bitcoin concept is based on the building of consensus between a project party and the decentralized investor community. The transaction status and the amount of money held are necessarily open and transparent. Bitcoin earnings are owned simultaneously by long-term holders and the community. Thus, the success or failure of a project depends on their ability to reach consensus. Failure to do so can result from a wrong choice of ICO versus IEO tokens. Or it might be a lack of transparency by the project side in its use of funds raised. This can lead to loss of community trust and ultimately confrontation.
The Bitroom team believes in Bitcoin. In order to reach a consensus between a project and the community, Bitroom has innovatively createdå the Model of Initial Trust Offering (ITO).
Under the ITO model, the project party publicly and transparently raises funds from the community on the blockchain. The project party then announces a fundraising address and a Token distribution address, with all funds raised sent to that address.
Token distributions are all transferred through the same distribution address, Fundraising is carried out on the blockchain, Each transaction and the number of positions at each address can be publicly queried. After fundraising is completed, the project party will return 80% of the money to the community as income. This operation is likewise visible on the blockchain. Each return is visible on the blockchain, as is each return operation. The remaining 20% ​​of the funds raised will be used to support the project to move forward.
It can be seen that each step of the ITO model is open and transparent and that each move by the project party and the community, both, is well documented in the blockchain, thus enhancing mutual trust. After the platform closes, the project side will return 80% of funds raised to the community, with the remaining 20% to be used by the project side for promoting project development. ITO is a great innovation, with real capacity to bring about consensus between the project side and the community.
Bitroom's platform currency will be distributed in the form of ITO.
2. ITO Characteristics
3. ITO distribution ITO distribution
ITO rules:Click here

BMT Token Allocation
ITO issuance 100,000,000 10% Global partner 50,000,000 5% Equity investor 50,000,000 5% Foundation 150,000,000 15% Team 150,000,000 15% Mining 500,000,000 50%
Team
1. Andrew Miller​ ​— CEO
Andrew holds an MBA from Stanford University, California, USA. He previously worked as ja senior executive at Morgan Stanley Investment Bank. Andrew is Bitroom's master planner of strategic planning and business direction. He is an early participant and investor in the blockchain industry, with over 10 years of management experience. He has a cumulative investment in more than 50 blockchain projects.
2. Walter Brown​ ​— CTO
Walter is a former Google Senior Architect. He graduated from MIT with a degree in Computer Science, and holds a Master's degree in Computer Science from the University of California, San Diego. He is a senior engineer who specializes in big data processing, software development, and virtual trading technology. He has participated in the development of multiple large blockchain underlying systems. He has 11 years of R&D management experience and has performed in-depth research on blockchain security.
3. Robert Garcia​ ​— Architect
Robert is a former Google Cloud Product Group Senior Architect, responsible for architecture security analysis and high-end business customer consulting. He holds a Ph.D. in Network Security from MIT. He has served as the head of network security and architecture projects for several US IT companies.
4. Alex Martinez -- Director of Operations
American currency technology operations expert, and a well-known industry analyst and researcher. Senior Salesforce.com Certified Consultant, Business Data Analysis Specialist. He has served as Director of Operations for several Fortune 500 companies and been involved in the development and marketing of numerous cryptocurrencies since 2015. Zoe Park — South Korea representative Zoe graduated from Seoul National University in South Korea, majoring in journalism and self-employed in the Korean blockchain industry. In 2016, she began work in the blockchain industry, focusing on the Korean market and media services, helping to successfully raise funds for 12 overseas blockchain projects.
5. Gloria Wong — Head of China Market
Gloria graduated from Columbia University, USA, with a Master degree in Finance. In 2017, she entered the blockchain market and already has compiled rich experiences in blockchain investment, market and strategy, helped to incubate 9 blockchain projects, successfully raised funds, and landed on the exchange.


Bounty is live now: Click here
Bitroom.io Exchange 100,000 $ valued BMT tokens giveaway!
Finish the Task below: Telegram Twitter Facebook Reddit Bitcointalk


Bitroom.io Launchpad: Click here
Bitroom Launchpad will start at 2019/07/08 20:00(UTC+8), get your own BMT at early stage.
Platform token is proved to be a property with the most worthwhile investment.
BMT investment and return:
•Profits after four days 2.5x •Short-term profits 10x •Medium-term profits 50x •Long-term profits 100X
Having missed the BNB of Binance, do you want to miss the BMT of Bitroom?


Community Owner plan is live now Click here to share $50,000 valued tokens
submitted by TeresaXiao to Bitroom [link] [comments]

Repaso de Brave .

Brave es el navegador de blockchain con código abierto que prioriza la privacidad de los usuarios y bloquea los anuncios de publicidad y los rastreadores de forma predeterminada. Tiene encriptación de datos de extremo a extremo y cliente VPN/TOR integrado, permite trabajar con torrents y enlaces magnéticos, soporta aplicaciones descentralizadas… y, además, paga a los usuarios por ver los anuncios de publicidad con tokens nativos Basic Attention Token. Para eso está integrada en el navegador la billetera criptográfica que soporta BAT.

Basic Attention Token no es un noname en posición 2000 de CoinMarketCap. Es una criptomoneda que se encuentra en el puesto 30 de capitalización, se comercializa en todas bolsas más grandes como Binance, y está respaldada por todas billeteras populares.

Para hoy Brave se considera uno de los mejores navegadores de Web 3.0.

Por primera vez el navegador de blockchain Brave fue presentado en 2015. El fundador del proyecto es Brendan Eich, cofundador de Mozilla Project y creador de JavaScript. El tema opera en base de Chromium de Google y su código fuente está totalmente abierto. Hay versiones para Windows, MacOS, Linux, iOS y Android.

Un dato interesante, que en el 2018 Brave Software Inc. ocupó la duodécima posición en el ranking de las empresas tecnológicas más prometedoras a las que se debe prestar atención según Wall Street Journal. Además, Brave es el navegador predeterminado en el smartphone de blockchain HTC EXODUS.

Ventajas principales del navegador:

● posibilidad de ganar token Basic Attention Token (BAT) por ver anuncios, crear contenido, participar en airdrops y cumplir tareas sencillas (hablaremos de esto con más detalle a continuación).

● bloqueado de publicidad, banners, ventanas emergentes, rastreadores y cookies de terceros de forma predeterminada (en la configuración puede desactivar también los botones de redes sociales y los posts incorporados);

● cifrado de datos de extremo a extremo, VPN y TOR incorporados, HTTPS forzado (por ejemplo, además de lo habitual “abrir pestaña privada” hay una función “abrir pestaña privada con TOR”).

● billetera criptográfica integrada con el soporte de Basic Attention Token, Bitcoin, Etherium y Litecoin que permite trabajar con aplicaciones descentralizadas en base a Etherium y nodos ETH. El icono para acceder a la billetera se encuentra en la barra de direcciones y la interfaz es similar a MetaMask. Para averiguar su dirección y recargar su billetera presione Add Funds. Para obtener SEED para recuperación presione el piñón.

● sistema integrado de micropagos Brave Payments. En breves palabras, puede realizar pequeños pagos en favor de los sitios web preferidos que visita con mayor frecuencia: en la configuración es suficiente indicar el monto de BAT u otra criptomoneda que desea gastar durante un mes, y el navegador dividirá por sí mismo el dinero entre los recursos que eligió en proporción al número de sus visitas;

Nota: Los identificadores de billeteras y todas las transacciones son anónimas, por eso nadie, incluso Brave, no va a saber ni quién envía a quién ni el monto de tokens enviados.

● la posibilidad de enviar micropagos directamente a los creadores de contenido, así como a bloggers con propio sitio web y usuarios de YouTube, Twitch y Twitter. Por cierto, el navegador independientemente identifica a los creadores de vídeo, no importa en que sitio web fue publicado el video.

● soporte de archivos torrent y enlaces magnéticos.

A propósito, como el navegador está en base de Chromium, podrá sincronizar rápido sus datos, marcadores, historial y pestañas.

Los analistas confirman las grandes posibilidades del navegador Brave, incluso si el usuario no está interesado en publicidad de calidad, él va a obtener un excelente navegador veloz para trabajar en Internet. Los anunciantes por su parte obtendrán una herramienta de análisis que ofrece datos actualizados sobre actividad de usuarios.

Descargar Brave https://brave.com/vad601
submitted by vadim77top to u/vadim77top [link] [comments]

Brave.

Brave est un navigateur blockchain type Open source qui met la vie privée des utilisateurs en tête et bloque par défaut les publicités et les trackers. Il dispose d'un cryptage de bout en bout des données et d'un client VPN/TOR intégré, il vous permet de travailler avec des torrents et des liens magnet, il prend en charge des applications décentralisées ... et, en plus, il paie les utilisateurs pour chaque affiche des publicités avec des Basic Attention Tokens natifs. Pour ce faire, la portefeuille de crypto-monnaie est intégré dans le navigateur, qui prend en charge des BAT.

Basic Attention Token n'est pas une sorte de noname sur la ligne 2000 de CoinMarketCap. Ceci est une crypto-monnaie, qui est à la place 30 en termes de capitalisation, elle est à vendre sur toutes les plus grandes bourses, telles que Binance, et elle est soutenue par tous les portefeuilles de crypto-monnaie populaires.

À ce jour Brave est considéré comme l'un des meilleurs navigateurs pour le Web 3.0.

Le navigateur blockchain Brave a été introduit en 2015 pour la première fois. Le fondateur du projet est Brendan Eich, co-fondateur de Mozilla Project et créateur de JavaScript. Sabge fonctionne sur la base de Chromium de Google, et son code source est entièrement ouvert. Il y a des versions pour Windows, MacOS, Linux, IOS et Android.

Le fait intéressant: en 2018, Brave Software Inc. a fini à la douzième place dans le classement des entreprises technologiques les plus prometteuses à surveiller, selon le Wall Street Journal. En outre, Brave est devenu le navigateur par défaut dans le smartphone blockchain HTC EXODUS.

Les trucs essentiels du navigateur:

- la possibilité de gagner des Basic Attention Tokens (BAT) pour regarder des publicités, créer du contenu, participer à airdrops et effectuer des tâches simples (nous en parlerons plus en détail ci-dessous);

- bloquer les publicités, les bannières, les pop-ups, les trackers et les cookies de tiers par défaut (vous pouvez également désactiver les boutons des réseaux sociaux et les messages intégrés dans les paramètres);

- cryptage de bout en bout des données, VPN et TOR intégrés, HTTPS forcé (par exemple, en plus de la fonction trés connue « ouvrir l'onglet privé », il y a aussi une fonction « ouvrir l'onglet privé avec TOR »);

- portefeuille crypto-monnaie intégrée avec le soutien de Basic Attention Tokens, Bitcoin, ethereum et lightcoin, qui vous permet de travailler avec des applications décentralisées basées sur ethereum et ETH-nodes. L'icône pour accéder au portefeuille se trouve juste à côté de la barre d'adresse, et l'interface ressemble à MetaMask. Pour trouver votre adresse et recharger votre portefeuille, cliquez sur Add funds. Pour obtenir SEED à restaurer, appuyez sur l'engrenage.

- système de micropaiement Brave Payments intégré. En bref, vous pouvez effectuer de petits paiements en faveur de vos sites préférés que vous visitez le plus souvent : dans les paramètres, il suffit de spécifier le montant en BAT ou d'une autre crypto monnaie que vous êtes prêt.e.s à dépenser dans un mois, et le navigateur lui-même divisera l'argent entre les ressources que vous choisissez proportionnellement au nombre de vos visites;

NB: les identifiants de portefeuilles et toutes les transactions sont anonymes, donc personne, même Brave lui-même, ne sait qui à qui et combien de BAT il envoie.

- possibilité d'envoyer des dons directement aux créateurs de contenu, tels que les blogueurs qui ont leur propres sites ou les utilisateurs de YouTube, Twitch et Twitter. Par ailleurs, le navigateur détermine lui-même les créateurs de la vidéo, indépendamment du site sur lequel la vidéo est publiée.

- prise en charge des fichiers torrent et des liens magnet.

En plus, puisque le navigateur est basé sur Chromium, vous pouvez synchroniser rapidement vos données, signets, histore et onglets.

Les analystes confirment la perspective prometteuse du navigateur Brave — même si l'utilisateur n'est pas intéressé par une publicité de qualité, il va avoir un excellent navigateur rapide pour accéder l’Internet. De son coté, les annonceurs reçoivent un outil d'analyse offrant des données pertinentes sur l'activité des utilisateurs.
Télécharger https://brave.com/vad601
submitted by vadim77top to u/vadim77top [link] [comments]

r/Bitcoin recap - May 2019

Hi Bitcoiners!
I’m back with the 29th monthly Bitcoin news recap. (sorry a bit late this month)
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in May 2019
Adoption
Development
Security
Mining
Business
Research
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

ABRA is giving a $25 sign up bonus when you fund your account with $5. The link and additional info below.

Abra is the world’s first global investment app that enables you to invest in 30 cryptocurrencies like Bitcoin, Ethereum, XRP, Litecoin, Stellar, Monero and many more all in one app.
Abra combines a safe cryptocurrency wallet and exchange in an easy to use experience. You can add money to your wallet using a bank account or by using cryptocurrencies including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Then you can exchange to the currency of your choice, anytime you want, almost instantly.
Abra also enables you to store Bitcoin purchased from an external cryptocurrency exchange or wallet like Coinbase, GDAX, Kraken, CEX.io, Robinhood, Circle, Binance, Bittrex, Bitfinex, Shapeshift, Mycelium, etc.
Over a million people across 150+ countries have discovered the power of Abra’s platform. Our highly rated investing app has been featured in Forbes, CNN Money, Fortune, The Wall Street Journal, Techcrunch, among many others.
Option 1 Deposit $5 (or more) using a US bank account, or eligible American Express card.
Option 2 Deposit crypto and exchange it to any other crypto (except BTC, BCH, ETH and LTC). You each get back 1.5% of the transaction total, up to $25.
Download the app with this link
Abra Free 25 or use the code sDA4GRYEJX
submitted by Bonus_money to freebiesandsamples [link] [comments]

Consensus Network EP36: Buy, Borrow and Die: Bitcoin Style

Catch the full episode: https://www.consensusnetwork.io/podcastepisodes/2019/10/5/ep36-buy-borrow-and-die-bitcoin-style-1
Buck: Welcome back to the show everyone. Today my guest on Wealth Formula Podcast is Zack Prince. He's Founder and CEO of BlockFi. BlockFi bridges the gap between blockchain and the basic financial products that you're used to including interest-bearing accounts and loans. Zack, welcome to Wealth Formula Podcast. I think you we might have had you on before as a Consensus Network replay but first time on Wealth Formula Podcast specifically, so welcome.
Zac: Yeah, excited to be here, Buck. Thanks for having me. And it's good to chat with you again
Buck: Yeah so remind me how you got into this you know Bitcoin stuff in the first place, I mean you were as I understand you were a traditional finance guy right so where did the blockchain part come in?
Zac: Sure so I was I was working at a company in the FinTech world that provided data and technology solutions to institutional investors that wanted to participate in some of the new online lending platforms, whether they were real estate platforms or consumer lending platforms, and I kind of became the FinTech guy amongst my friend group and people would ask me you know should I invest in these real estate deals on fund rise or buy loans from Lending Club and I started writing a blog to share the information more efficiently with my friends basically and I started expanding a little bit writing about Robo advisory and some other things that were going on in the FinTech space and that's what led me to Bitcoin, and this is back in early 2015. I didn't start BlockFi until 2017 because I started following the market in the background, still working in traditional financial services in FinTech and then in early 2017 it started to feel like mainstream adoption was starting to happen in the crypto ecosystem. I'm started going to some meetups in New York City because at a certain point my wife said Zac, you're talking about crypto all the time and you're talking to me about it and I don't want to talk about it so you should find some other people to talk about this with. And the meetup composition started to change and in 2016 when I started going to these meetups it was the early crypto adopters you know libertarians, computer scientists and then in early 2017 I started to see some venture capitalists, some guys who had just left their job at Wall Street still wearing a suit, some more entrepreneurs and it was a really exciting time in the ecosystem, things like the Enterprise Ethereum Alliance were getting announced which had participation microsoft and a lot of other you know fortune 500 companies and I had started to believe in it. I was drinking the kool-aid a little bit so I decided to find a way to get involved in the space full-time and that's what led me to start BlockFi.
Buck: So I have to imagine that the response you got from the traditional finance people around that time when you started talking about the blockchain space and when you started being more and more involved with that was probably not a very positive response initially or did you did you experience some of that sort of you know rejection initially to what you were doing?
Zac: Yeah absolutely. But you know throughout my career this is now kind of the third emerging technology industry that I've worked in. I was originally an advertising technology starting like you know 15 years ago and I was in FinTech specifically the online lending side of FinTech which in its early days was called peer-to-peer lending and now in crypto. So having to do a lot of education explain it you know why something isn't crazy and it might work and here's why and here's the value proposition and here's what it is, I've gotten very used to that and comfortable with it. But yeah there were a lot of people who are like you know I've heard Bitcoin is only used by drug dealers and money launderers. I've heard that I'm supposed to care about blockchain and not Bitcoin. And you know at BlockFi we’re providing financial products into the market so it's a heavily regulated business so we also had to communicate with regulators. We had to explain to state regulators, federal regulators why what we were doing with Bitcoin and other cryptos than when you're doing these same types of things with assets that they're more familiar with.
Buck: So when you were talking to people back in, I don't know I guess 2016/17 and it's not a long time ago, it's only two years ago, but I have to imagine that the response or the you know the approach that people take to you when you speak to investors is very different. Has it become more mainstream in that regard for you know for big money investors?
Zac: It's absolutely become more mainstream you know the end of 2017 Q3/Q4. Point was going on that parabolic run it started to get covered everywhere, I mean it was on CNBC every day it was in Bloomberg New York Times Wall Street Journal. If you were paying attention to the financial industry and markets you heard about Bitcoin at that time if you hadn't heard about it before. So from a baseline of awareness perspective it got a lot better and then in 2018 you had a number of positive developments for the sector including one that I think is probably the most noteworthy which is that Bitcoin futures were listed on the CME the institutional investor perspective that's massive. You now have a well regulated well known super trustworthy venue where you can get exposure to this asset class, you also had companies like Grayscale bringing products to the market which are accessible to certain types of investors and their low bridge accounts and you started to see some adoption from companies like FinTech companies like Robin Hood and Square making Bitcoin available on their platforms. So the conversation has absolutely changed a lot and it's become less about whether or not this is something that's going to continue to exist whether or not it's something that was just a bubble and is going to die and now it's more about ok how is it going to get used how big could it get what are the interesting applications of it and what could have potentially disrupt in the traditional financial ecosystem.
Buck: So you know we had obviously following this you know pop in 2017, you know I actually like you kind of really got into this early 2017 so timing was pretty good I guess now regards. Good or bad depending how you look at it but I was there before before the parabolic move. And then we have you know then we followed this up with a crypto winter and and you know who knows if we're done with it, I guess we certainly are much better off than we were. You know a unit buddy it's funny Zac I don’t know if you remember this but I was about to, we'll talk about BlockFi specifically in a minute but, I was about to use BlockFi for borrowing because I like this idea of borrowing you know collateralized debt and collateralized debt on assets and buying something else. So I was about to do it and then Bitcoin lost a clip and I was like literally and I remember I was just emailing with somebody somebody over there and I was like sorry dude I guess I just sold it, I just sold all that Bitcoin I had and you sent one email back to me and it said “capitulation” but it you know and so now we're looking back at these we go down from 3,000 back up you know been sort of flirting around this 10,000 and it seems like we're kind of maybe that we're stuck there, maybe we're kind of out of winter, maybe we're in a holding pattern but it seems like to me that since that two years not only is the awareness increase but the development of the ecosystem itself is so much further advanced than it was in 2017. Is this an unusual case where the technology and maybe even the infrastructure is actually outpacing the price?
Zac: You know it's really hard to say. I would argue that in some ways it's typical. In other industries that showed a lot of promise where investors could you know participate maybe a little bit ahead of the adoption curve you saw crazy price run ups with the tech bubble and you know ‘99-2000 being the one that's kind of top of mind in recent memory and then on the other side of things, are we behind where the price should be now? It's really hard to say because this is kind of like a commodity type asset built on a payment network and valuing that is challenging and there's not a perfect model for for doing it today. It's not as easy as something that's cashflow producing but I'm incredibly bullish. I'm on record as saying at the beginning of this year that Bitcoin has only had one year in its 10-year existence where it had a lower low than the year before and parted this year around the low price for 2018 and I predicted that we would in the year had a higher price than where we started the year pretty soon and now we're up and you know around 300 percent from where we started the year. As that happens in investing is people frequently look at things on a year-to-year performance basis and when people are looking at Bitcoin even if all we do is stay around 10 K from here when they're looking at how Bitcoin performed rather than other relative to other assets at the end of 2019 it's probably going to look fantastic. And you also have an event coming up and in the summer of next year called The Halvening where basically the supply that's produced by miners is going to get cut in half and so if you believe in the stock the flow type models of valuation for Bitcoin that is usually a very big driver of price appreciation.
Buck: I believe May of 2020, right?
Zac: That's right.
Buck: In May of 2020. Can you just talked a little bit about that just so people know because people hear about it, I've been talking about it but I don't think that it really explained it.
Zac: Yeah and you know I'm not I'm not a computer scientist so I can explain it in a you know in a very simple…
Buck: No one else here is either.
Zac: So basically the way that new Bitcoin is created is through this process called mining. And it's analogous to mining gold except instead of finding a place in the earth where gold exists and then getting your trucks and mining equipment and digging it out of the ground, the way bitcoin is mined is using this computer program and there is now specialized computer hardware that's built specifically and optimized for mining Bitcoin. And you have this network of machines around the world where the input is energy into the mining hardware and the output is new Bitcoin and those miners are what provides the power for the payment network a Bitcoin to run and when we say that there is this event called The Halvening, what that basically means is that the output that's built into the Bitcoin program that the miners are receiving as their payment for contributing energy to the network, is going to get cut in half. So the miners are going to have the same you know relative input but the amount that they're receiving is going to get cut in half for that input. This should, if the demand side for Bitcoin remains equal, it should drive up the price and historically Bitcoin has had three of these Halvening events in its lifetime so far I believe and around each Halvening you have seen you know six months before or six months after a pretty material run up in price.
Buck: Yeah so it also goes along with that sort of that the entire idea that Bitcoin unlike you know other assets including gold is it's a deflationary asset ultimately and and that's one of the things that makes that happening really significant. Apart from and I have one more question before we get to block five which is apart from the Halvening, you know thing that's happening, what is maybe the biggest development or upcoming thing that's coming up that makes you the most bullish on the future of Bitcoin or blockchain in general?
Zac: Sure so I think I wouldn't actually point to any one specific thing, I would point to two broad trends. So one is institutional adoption and participation in the asset class and the other is better ramps for retail participation into the asset class and just focusing here you know on the US market because it really is an international story but just in the US market. In September we should have Bakkt launching their futures platform. Bakkt is owned by ICE, the Intercontinental Exchange, and there's a big core difference between their futures and the current futures that are available on the CME in that futures on Bakkt platform are going to be physically settled so that means that actual Bitcoin is going to be needed to facilitate the trading on Bakkt’s platform which does not happen on CMEs exchange so that's that should be a very positive catalyst in terms of demand for physical Bitcoin that could have an impact on the price. Also on the institutional side this year I believe earlier this year, the first pension fund made an investment into an asset management vehicle that was focused on investing in Bitcoin and private equity opportunities in the Bitcoin and blockchain sector. So that will be a trend.
Buck: Which pension fund was it?
Zac: It was in North Carolina so I think it was like the North Carolina Firefighters and the group that raised the money from them was Morgan Creek Digital it’s actually invested in BlockFi by Anthony Pompliano Twitter and Mark Yusko so that's on the institutional side. And then on the retail side you've seen FinTech companies like Square and Robin Hood offer Bitcoin trading to their users. But soon you will also have companies like TD Ameritrade E-Trade and others offer Bitcoin to their users sometimes be a partnership sometimes because they've built it directly. You also at some point might see progress made in terms of an ETF getting approved that would give retail investors in the US market exposure to Bitcoin in a really easy and familiar way. All of those things are tremendously positive catalysts and the caliber of people working on them only continues to increase. Talent was attracted into the sector very, very rapidly these days.
Buck: You know one question that leads me to is that all of this is happening with Bitcoin for the most part. Are alt coins in your opinion is that market coming back or is that something that we're gonna see probably select you know group of tokens projects emerge and then the rest will kind of just get left in the dust, what do you think?
Zac: I mean I'll tell you exactly what I'm doing with my portfolio and then I'll provide a bit more color. So my asset allocation in the crypto side of my investing is I'm like 90% Bitcoin 5% Ethereum and 5% B&B; which is the Binance right. So I'm super bullish on Bitcoin. I think that you know there's a chance that Ether makes a comeback specifically I think that a lot of the stable coins that have been launched have been built on Ethereum if you're not familiar with stable coins it's basically the concept of a dollar but on a blockchain which could be really really powerful because it creates the opportunity for the delivery of US dollar denominated financial services at a global scale not using the traditional banking rails. And then B&B; I mean Binance is the biggest and most successful exchange they have a history of innovating, creating new products, going fast and so I'm taking a bit of a flyer with them but I'm 90% Bitcoin. I don't think that I'm not bullish on any of the other all coins frankly I struggle to see you know the big upside I have heard whispers in the community that there's kind of like a new wave of altcoins 3.0 might emerge, you know could see some some good returns similar to what some of the ICOs did in 2017 but it's not an area of focus for me. So that's my view.
Buck: Yeah let's talk about BlockFi. Remind us exactly what BlockFi is.
Zac: Sure so we're a wealth management platform for crypto investors. Today we have two products that we offer. One product is analogous to a savings account from a traditional bank where you're able to earn interest on your holdings except on BlockFi, the assets instead of being dollars are bitcoin and Ether and we don't have FDIC insurance so it's not exactly the same risk profile as a savings account at a bank, but conceptually you're able to hold Bitcoin and an account with BlockFi and earn interest on it paid in Bitcoin every month. That's one product that we have. The second product that we have which you are alluding to earlier offers our clients the ability to borrow dollars secured by the value of their cryptocurrency and it's analogous to a securities backed loan or a liquidity access line in the traditional world except instead of securities we're taking Bitcoin or other digital assets as collateral and lending it rates as low as four point five lending USD that rates as low as four point five percent a year.
Buck: I wanna pick these apart a little bit if you don't mind. In terms of this savings account first of all is it just bitcoin or is it bitcoin, Ethereum?
Zac: We actually support three assets in the interest account currently Bitcoin, Ether and GUSD which is the stable coin from Gemini.
Buck: Got it. And talk about the interest because it's not one flat interest rate right it's different depending on how much cryptocurrency actually is held?
Zac: Correct so there's a tiered interest rate structure. Currently on Bitcoin for balances up to ten Bitcoin, we offer a six point two percent annual yield and for balances above ten Bitcoin it's a 2.2 percent annual yield. On Ether, for balances up to two hundred Ether it's a 3.3 percent annual yield and balances above two hundred Ether is 0.5% annual yield and for GUSD the stable coin it's an eight point six percent interest rate with no tier so yeah those are the different rates.
Buck: Why did, I mean was it just a matter of like an issue with people dumping like a thousand Bitcoin and trying to get six you know 6% of that, was it just too hard to you know make that a long-term part of the business model or why did the higher levels end up changing to a lower rate?
Zac: Sure so I wanted to function of market conditions and to it's a function of supply and demand. So we launched the interest account in March of this year. We were just starting to come out of the bear market and one of the things that happened as we switched from being in a bear market to being in a bull market is the futures switched from being in backwardation to contango which basically means that our institutional borrowers the groups that we lend to that enable us to pay the rate to depositors had less of a need they had less demand to borrow and they were willing to pay lower rates to borrow crypto than they were when we were building and planning to launch this product. The second thing that happened is we were surprised to the upside in terms of the level of interest that we received from depositors and especially depositors with very large sums of cryptocurrency. So to give you an example you know within a day or two of making the product available publicly, we had a number of groups that were depositing 5, 10, 15, 20 million dollars worth of Bitcoin and so the supply-demand that we have to manage is, the amount that we have on deposit relative to the size of this market that will borrow Bitcoin size of the market that will borrow Bitcoin is partially a function of market sentiments partially a function of number of trading venues and the liquidity profile and it's partially a function of you know BlockFi’s efforts in terms of sales and client development relationship management. So the supply side got a little bit ahead of the demand side on deposit and how much there was available to borrow so we made a few tweaks. We want to keep the 6%, 6.2% rate on Bitcoin available to as many people as possible for as long as possible so that's why we went with the tiered structure where we made it available on balances up to 10 and reduced it for balances above that.
Buck: Got it and the interest on that, when you say 6.2 percent that six point like it's all denominated in Bitcoin, you're not paying cash out right?
Zac: Correct so to use round numbers to provide an easy example you start on January first with a hundred Bitcoin in an account, by the subsequent January first you will have 106 point 2 Bitcoin in your account.
Buck: Yeah and that that's kind of neat too because then you're you know you're also getting potentially the upside of that you know I mean they made 6% but if you if you're really bullish on the market you could be potentially looking at a lot more than 6% on your money. How about in terms of the, is there like a you know do you do it sort of a month-to-month or six month or month you know year-long contracts for these things?
Zac: It's month-to-month. So the rates are subject to change on a monthly basis. We provide notifications at least a week in advance before the end of one month on what the rates will be for the subsequent month and people are able to you know withdraw any time without penalty. We reserve up to 7 days to process withdrawals but we've never taken more than one business day to process a withdrawal so they're pretty quick but not instant for security reasons and yeah it's pretty flexible.
Buck: How about the lump in the lending side how does how does that work? So now I've got like 10 Bitcoin and so I would deposit that I guess and you guys I understand that maybe that that goes into like a Gemini account or something, is that still how it works?
Zac: Correct so we have a partnership with Gemini for custody. So when you log into a BlockFi account you'll have a deposit address. When you send Bitcoin to that deposit address it actually goes directly into storage with Gemini. Gemini was the first custodian in the crypto sector to receive insurance against cyber hacks on their platform. They were also the first custodian to get to complete a SOC 2 compliance audit and they have a really long track record of custody billions of dollars worth of crypto without ever having any issues. So it goes directly to Gemini and then you're able to interact with block-wise platform to take any actions that you might deem necessary. So you can view your interest payments you can withdraw you can deposit more you can also take out a loan. So in terms of taking out a loan, if you have ten Bitcoin that's worth roughly a hundred thousand US dollars at this point in time, you can borrow up to fifty percent of that value in a US dollar loan which can be funded be a wire or stable coin and then the structure of those loans is that you make interest-only payments on the amount that you borrowed throughout the duration and you can prepay at any time without penalty.
Buck: And what's the typical you said it was four point six.
Zac: We have interest rates as low as four point five. The interest rates on borrowing USD vary according to your initial loan to value ratio. So if you have a hundred thousand dollars worth of Bitcoin we actually have three loan-to-value ratio options. You can borrow at a 50 percent initial loan-to-value ratio which would mean you're borrowing 50k, the interest rate on that will be eleven point two five, if you borrow thirty five percent of the value so 35k the interest rate is seven point nine, and if you borrow twenty five percent of the value of the interest rate is four point five percent per year.
Buck: Got it. In terms of you know the technical, so you basically pay that on a month-to-month basis and then in terms of contracts, are those also month-to-month loans or how does that work?
Zac: Those are one-year term loans well now it's the ability to renew without repaying the principal at the end of the term at current rates and our rates for those loans have always come down so far. So it's a one-year term loan BlockFi committed for a year at that rate your payments stay the same but you can prepay at any time without penalty.
Buck: Right. When do you do when would you do an actual sort of I guess a cap will call like what loan-to-value because you can go up to say you're borrowing at you know you're borrowing at the lowest rate you know you're at 4.5% you're borrowing see you know just for round numbers 100 Bitcoin you borrowed or you said 10 Bitcoin hundred thousand dollars but you only borrowed twenty-five thousand dollars at four point five percent, what if Bitcoin you know loses 50 percent of its value then what happens?
Zac: Well you wouldn't have a margin call based on on that example. If your loan to value ratio hits 70 percent that's when we have a margin call and the way the margin call works is our clients have the option to either post more collateral, pay down the loan using USD or some of the collateral that's posted for the loan or take no action. If they take no action there's a 72-hour window where we'll wait to see if the price recovers, if it does then no action is required, if the price keeps going down further then we will initiate a partial collateral sale to rebalance that LTV to a healthy level at the end of that window.
Buck: So in terms of the clients that you see doing this kind of stuff, I mean who are you seeing borrowing because you don't have a cap I mean you can on the borrow side, I mean and the rates don't really change like if you're depositing a hundred Bitcoin you're getting the same rate differences as somebody who's depositing ten for borrowing right?
Zac: That's right.
Buck: So who are the people who are putting I mean what are these businesses that are putting are using these loans who are the typical clients?
Zac: Sure so it's a mix of retail and corporate. On the retail side we actually did a survey recently on use cases and the number one use case about a third of our borrowers expressed is that they were using the funds that they borrowed to start a business, which we were really excited about. So the other popular use cases were investing in real estate, investing in other types of traditional assets like stocks and bonds, home improvement, larger purchases, vacations were all used cases, paying down higher cost debt was another use case, and then on the corporate side the loans are used for operating capital. So we have some mining companies that borrow from BlockFi. Other types of companies who you know maybe have crypto denominated inventory like exchanges or crypto ATM businesses our frequent borrowers from BlockFi and our loan sizes rearranged from you know as low as five thousand dollars all the way up to seven figures. So it's a pretty diverse group of borrowers.
Buck: So recently it sounds like you guys partnered with another company called Casa. What is Casa and I guess how does that benefit both companies?
Zac: Sure. So Casa is a leader in fighting self sovereign storage solutions for cryptocurrency owners so if you're alone that owns Bitcoin and to use a gold analogy. If you want to own gold but you keep it in your vault or in your backyard you want to have physical possession of it yourself if you want to do that same type of custody with Bitcoin. Casa has a solution that makes that really easy. Our partnership with Casa provides mutual benefits to clients on either side. So Casa clients are able to receive some discounts in terms of accessing BlockFi products and vice-versa BlockFi clients are able to receive discounts in terms of accessing kasam products and over time we'll build some things in to the user experience specifically on Casa’s platform that will make it you know a bit more seamless to interact with BlockFi products while you're on their platform. In general that partnership strategy is something that you'll see more of we think there are in the ecosystem that are specializing in areas that BlockFi's not focused on and doing things where we can provide benefits to clients on both sides is a win-win for us then and our clients.
Buck: Last thing I want to ask you about, last time I spoke to you, you had talked about the idea of potentially Bitcoin backed credit cards meaning like you know getting Bitcoin back instead of miles or dollars back. You guys any closer to that, because I definitely want one of those cards.
Zac: I'm so glad you brought it up. We're definitely closer, but we're not you're not going to have the card until like Q3 of next year probably. It's getting worked on, these things you know for better or worse they take a long time launching a credit program is no small feat you know we're working on it. We've identified some of the key partners that we'll be working with to bring that product to market it is going to happen and I share your sentiment like I wish I had it now.
Buck: Yeah seriously that'd be great. Well listen it was great talking you. So it's BlockFi.com and it's spelled like block and then fi and tell us you know tell us the process of doing is pretty simple okay how long does it take to apply for these things…
Zac: Yeah I mean nothing takes any time really. So you could come in and start earning interest and get a loan from us all in under five minutes. And we also have a client service team that's super responsive in in terms of communication however you want to communicate with them, over email, over the phone, over text message so you know don't don't hesitate to reach out to us. We're also on twitter. My twitter handle is BlockFiZac and our company twitter handle is @therealBlockFi so we're very active on those platforms and happy to chat with you there as well.
Buck: Zac Prince, thank you very much for being on Wealth Formula Podcast today.
Zac: Thanks for having me, Buck, I appreciate it.
Buck: We’ll be right back.
submitted by Buck_Joffrey to u/Buck_Joffrey [link] [comments]

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