Crypto Trading Being Hosted By A Major German Stock Exchange – Stuttgart Bourse

With the dynamics of the businesses in the world are changed by the arrival of the new technology called Blockchain technology that drives the movement of more than 1736 cryptocurrencies on 12470 markets worldwide (as per the valid source of CoinMarketCap), the one of the largest and smartest economies in Europe – Germany is on the verge of announcing the second largest stock exchange called “Stuttgart Bourse” that develops a platform to organize Initial Coin Offerings is expected to host a multiple trading facilities for cryptocurrency.

 

Stuttgart Bourse is said to be one of the major exchange platforms in the world with the volume for trading in excess of €80 billion. The integration of both the crypto trading platform and ICO platform give the exchange an edge with a variety of options in the future that will consolidate the cryptocurrency markets in Germany as well as the rest of the countries in Europe. Needless to say that the ICO platform will offer numerous functions ranging from issuing tokens to financing to regulating the ownership to all those who have invested in the ICOs program.

 

An excerpt from Stuttgart Bourse’s CEO Alexander Hoptner regarding the new concept as follows:

 

“Demand from both retail and institutional investors for a regulated and reliable environment for trading with cryptocurrencies. At the trading venue tokens issues via our ICO platform can be traded on the secondary market. This is an important success factor for ICOs. Bourse aims to provide central services along the value chain for digital assets, all under one roof.”

 

The main goal of the concept to set up the platform in Germany is to streamline the ICO process and provide investors with the opportunity to invest their funds in ICOs with a safe and transparent manner in a regulated environment that protects investors from suffering any complex situation. This will definitely pacify the anomalies like fraudulent and unethical transaction involved mostly in financial transactions.

 

Let us not forget that Stuttgart Bourses may expect to build a paradigm that will be followed by the rest of the counties in the same continent – Europe. So be prepared to reap the benefits with Stuttgart Bourse going forward!!

 

The Digital Economy Is Accelerating Its Pace In South East Asia To Consolidate Its Blockchain Platform

The new arrival technology Blockchain-as-a-service (BAAS) platform for enterprises that helps build dynamic services and applications on the blockchain network announces its collaboration with SIX Network. While combining the variety of expertise in the content, payment in the blockchain space,  Bezant, and SIX Network assure to release creativity in order to consolidate global content creators through the use of the Bezant’s blockchain platform.

 

The company’s blockchain is operated and organized on a private blockchain network with the short and few verifications require to be in place. With this, it is able to assist the global payments fast, cost-effective and transparent that allows individuals from around the world to buy digital content with the ease of use. Besides this, the traders can integrate Bezant’ services with their brands constantly to create a variety of revenue channels for their respective goods and contents like movies, apps, games, etc.

 

The start-up company SIX was originated from Korea’s and Thailand’s one of the largest digital media startup groups. The main aim for this alliance is to create a fair, secure, transparent and efficient ecosystem for all those stakeholders involved in the creative and digital economies. Currently, the company has 10 million and above active users in creative platform across the nations like South Korea, Indonesia, and Thailand.

 

The company’s goals are more in line with Bezant as both the companies seek to consolidate themselves to create a more secure and efficient ecosystem for all stakeholders in the digital and creative economies. The SIX Network team is constituted by a former executive of OOKBEE U which is considered to be Thailand’s largest user-generated content platform for comics and novels online, as well as Yello Digital Marketing which is considered to be the digital marketing and advertising arm of Yello Mobile based in South Korea.

 

According to Charkid Thanhachartyothin, Co-founder, and Head of Blockchain of SIX Network, the mutual recognition by Bezant and SIX Network for inherent issues that will affect the creative digital economy. This is why the consolidated relationships of both the companies assist the digital and creative industries for more liquidity.

 

Bezant basically offers blockchain based services for enterprises to create dynamic services and applications on the top of the Bezant Blockchain network that enables enterprises to streamline their services with the integration of blockchain technology and execute their own token sales. The company focuses on games, mobile apps, e-commerce usually in emerging markets. With this, the company also facilitates immediate and decentralized payment solutions in order for the global consumers to access goods and services through the use of its wallet and Token called BZNT.

 

According to Oh Thongsrinoon, Chief Marketing Officer of Bezant, they are more inclined economic and social change by enhancing the production and consumption of digital content outside the walled gardens of global tech companies. With the strategic collaboration in place with SIX Network in Southeast Asia, Bezant has acquired to shift the dynamics and empower and consolidate creators in emerging markets. This will definitely a competitive advantage acquired by both the companies in a marketplace going forward.

 

In the months of March and May this year, both Bezant and SIX Network raised US$60 Million collectively the token sales successfully.

 

Let us not forget that the mergers and acquisitions are those strategic practices that always create and add values either through reducing costs or enhancing revenues. We can expect the same from Bezant and SIX Network’s partnership that adds value!!

 

Bitcoin dips lower as the new week commences.

After the historic slump of all the currencies in the beginning of the month, attempts were being made by the market to restore Bitcoin to the value it had held the previous year. There was again a drop in the value as the plea for ETF based on Bitcoin by Winklevoss brothers was rejected. However, Bitcoin had managed to emerge from that as well. However, with the commencement of this week, Bitcoin slipped back to the 8000$ mark, disregarding the recovery it had made through the week. This has come as a shock to several people in the field.

The market opened with Bitcoin at the two thousand one hundred mark and it remained at that position for a while before it slipped down to eight thousand. To the dismay of several people in the market, it ended at a mild seven thousand 81,000-61,000$.

This fall in the value of Bitcoin has astounded several people in the market because it has come at a time when it has become hard to figure out what exactly is ailing the market right now and why are the prices falling back. This sort of a phenomenon has given a hint to the traders to be careful as they speculate about the short term investment in the market.

Smart Contract Technology in demand today

Now that the blockchain technology has started gaining its status amongst the corporates and investors worldwide, there has been a rising network that use smart contract technology especially to manage agreements process with it.

With the single goal in place to redefine as to how legal products and services assist the networked economy, a group of law firms and technology companies have conceded to work together for further launching of a public, permission blockchain network through the Agreements Network tool.  The range of law firms included LegalBonok and ErdosIP, BakerHostetler that will be joined by tech companies clause whereas the others are Monax, Rymedi, Libra, LexPredict, Crowdcube, TransparentNode and Wolfram Blockchain Labs.

The Agreements Network is a newly set-up tool that delivers legal know-how to the market. Let us not forget that the networked economy, legal contracting happens less on paper and moves to software and devices.

The lawyers and companies with the help of Agreements Network can design, operate and execute contracts to perform jobs, for example, contract management, collecting, storing and providing evidence. With this, the Agreement Network’s legal reference layer is one of the novel tools that track very important information like a chain of custody for assets. However, it also supports the creation of new products that transform future legal contracts.

The participants that involved in the Agreement Network will validate, refine operation of the technology while addressing issues that enables adoptions and scaling the solutions for a legal product that meets the demand for legal – Smart Contracts.

On the transaction summary front, the legal products will be executed through simple legal functions and marketed and sold across a global peer-to-peer network. Needless to say that the complementary legal products will bring revenue more excitedly and represent client opportunities to any lawyer by creating and executing a more diverse and competitive marketplace for all consumers.

 

The Blockchain Industry has come a long way

The global banking systems eventually started to gain their experience with the new  technology – Blockchain technology. There are nine global banking giants are looking for trial for their programs based on distributed ledger technology (DLT) by showcasing their interest towards space and to confirm its authenticity and merits.

According to the valid news broadcasted from Financial News as on 27th July, the LedgerConnect which is the lovechild project of foreign exchange processing giant CLS and tech giant IBM among other global banking giants are in trials for their programs based on DLT. LedgerConnect offers a comprehensive platform in order to streamline banks to take benefits of the Blockchain based projects by bridging the gap between existing and new technologies.

The blockchain based projects are expected to have a strong delivery system in place to provide solutions on Know Your Customer (KYC) and Anti-Money Laundering Regulations front with the technology is built with Hyper-ledger fabric technology on the Blockchain Platform.

According to the Vice President of Financial Markets for IBM, Keith Bear says that “The major challenge is to work together especially when we have a large highly regulated industry and on the opposite side we have more agile and fast-footed fintechs with limited resources”. However, the blockchain itself is facing regulatory challenges that it must find ways to lessen them through a variety of ways and mechanism in place.

Needless to say that the LedgerConnect needs to receive the approval from its oversight from its committee. The committee included the Federal Reserve Bank of New York and other Central Banks. Besides this, there are nine global banks that are expected to test the platform that also included Citigroup and Barclays. The remaining names of the banks are yet to disclose. Another one that is Barclays has already attested its interested in the field of Distributed Ledger Technology and Cryptocurrencies in the recent months.

Let us not forget that the blockchain technology is expected to change the dynamics of businesses globally. So let us reap the benefits out of it!!

 

Unhackable Claims by Security Researchers for Bifti

In today’s highly competitive world where we are living in the world of Artificial Intelligence and the enormous arrival of Blockchain technology, one has to be more peculiar when it comes to using new technology in place.

 

On the cryptocurrencies front, the wide range of transactions are transited on a regular basis, one can expect the major crypto-currency Bitcoin having sprawled numerous complexities like hacks, cyber attacks, hacks among others.

 

According to John McAfee, to execute the transaction and operating in the environment of cryptocurrencies, one has to be very conscious and be careful about their security and be educated enough to ward off outrageous claims normally happening in the kind of the transactions.  This is why an unhackable Bitfi Hardware Wallet needs to be in place which was already unveiled in June this year. As a tagline, it is called the first truly unhackable wallet that promises impenetrable security and execute its operation without any risk of loss. The Wallet itself claims to be the most consolidated inbuilt security compared to any other types like storage, or cold storage. This is why it is said to be Unhackable Bifti Wallet.

 

Additionally, John McAfee claims for the Bitfi is bold enough and unhackable indeed. Now that a variety of mechanism and sophisticated methods are available to make wallets secure and easy to use, the Bitfi Wallet will definitely create value that adds and considered to be the best security measure in place. There are various competitors that have innovative methods in place that protect private keys, however, Bitfi can give them an edge on security measure in an absolutely ethical way.

 

As per John McAfee, who says that no other hardware wallet that are available in the market that has been built to this level of competency that the Bitfi has. The level of competency in security measure was achieved primarily by utilizing a proprietary open source algorithm that computes the private key from a user’s own unique secret phrase as per the valid source.

 

Additionally, the developers at the company say that the Bifti Wallet cannot be meddled with. Even if it is lost, stolen or analyzed forensically, the private keys cannot be fetched thereby making the wallet safe to buy from anyone within the network of authorized distribution dealers.

 

The initial reviews were unsympathetic pertaining to Bitfi that can best be seen by the comment of one security researcher that says that the product is designed for shooting yourself in the foot. John McAfee criticizes all those researchers’ comments that comes as hatters and negative reviews are considered to be fake because those were based on Bitfi documentation except than analyzing the actual device in place. Additionally, he challenged if anyone else can hack the wallet to receive a $100000 reward.

 

At present security researchers have accepted the hacking challenge by putting their hands on the device. Eventually, they have been in a position to discover a few interesting things collectively like the hardware of the wallet is made of Chinese mobile phone (MediaTek MT6580) minus the camera and SIM Card. With this, the firmware contains a Baidu GPS/WIFI tracker which is a malware suite (Adups FOTA) and a tracker capable of logging all activities on the device.

 

Let us not forget that no matter which device you use or which technology that you have in place, one has to analyze the perspective from various angles especially when it comes to evaluating a variety of security measures!!

 

The Era of Digital Currencies

The various types of digital assets are available in the market, however, the digital currencies are the one that can be widely used at present as per the valid source from the PwC Switzerland. Needless to say that there are some differences between digital assets and digital currencies.

According to Stadler (a senior authority at PwC), digital assets can be divided into three types namely Bitcoin (BTC), Utility Tokens and Security Tokens. Further, he said that the currencies like Bitcoin (BTC) can be used in both ways like a payment instrument and a payment network in equal measure where the transaction can be executed without any involvement of any intermediary or central authority. Whereas the Utility Tokens are fuel to use software or services.

However, Ethereum based smart contracts can be used for speculation which may have more similarity between BTC and ETH.

The third one digital asset is Security Tokens which is in the form of digital securities like shares in companies or rights to future profits from a project. Accordingly Standler, the Security Tokens can be tricky due to its nature in place especially from a regulatory perspective because they are likely to be in the same way how Initial Public Offers (IPO) takes place.

When it comes to defining a variety of digital assets in place, Stadler concludes his remarks that despite the speculative nature in place, the digital assets can be very much useful especially on transition perspective. The Bitcoin (BTC) is considered a long-term investment while doing portfolio planning as it grows every now and then and people accepted it as a means of payment.

An excerpt from Stadler’s statement as follows:

Technical stability plays a particularly important role. Priority is given to security and resistance to external influence through conservative technological development … With fees amounting to just a few pennies, Bitcoin can bring significant benefits in terms of costs in the field of international trade, where traditional payment transactions can incur very high transaction fees.”

Additionally, Stadler refers to the risk profile of cryptocurrencies for utility and security tokens significantly.

In a nutshell, what he realizes and focuses while referring to Bitcoin (BTC) and related transactions on technology, economy, and sociology front that there has to be an innovative business model in place. Because the new buzzwords like smart contracts and tokenization of real-world digital assets are still in nascent stage and will impact the entire corporate and business world going forward. He also advises to ward off the recent ICOs having said that most of them are scammers and projects are not feasible enough to execute.

Let us not forget that the Blockchain industry is definitely an exuberant one that entices everyone. How one can use it that always matters!!

 

HTC Exodus Advised By The Founder Of Litecoin

The Taiwanese Electronics Company – HTC specializes in producing smartphones that announced recently that they would start producing a new smartphone called the HTC Exodus having inbuilt features/backbone with a blockchain technology. The Litecoin founder – Charlie Lee will leverage his capabilities and expertise for the Exodus project thereby including heavy integration of the Litecoin project.

According to the valid source from CCN – one of the crypto news source, the HTC Exodus as the world’s first native blockchain smartphone expected to introduce it in the third quarter this year. Besides this, the company has indicated that each Exodus device will be a node and that will allow users to own their identity and data by having both on their devices as opposed to being on a centralized cloud. With this, all the device will come with a cold storage wallet for cryptocurrencies as per the source.

 

At the initial stage, the device – HTC Exodus will only rely on two major cryptocurrencies like Bitcoin and Ethereum in order to take the benefits of the lightning network. However, the company may open to integrate and incorporate as many cryptocurrencies as possible where the Littecoin will be the mainstream as believed from the source.

 

The major implications with regards to Charlie Lee with Litecoin are likely that HTC Exodus can re-launch Litepay. The industry expects that Litecoin will re-launch Litepay which is a new Litecoin based payment system. When the system will be integrated with the smartphone device, it will be the best option for Litepay to offer its solutions along with the smartphone.

 

Needless to say that the strong domain expert like Charlie Lee on board, HTC has created a hallmark, not for the company itself but also Litecoin that would start benefiting multiple users.

 

 

Bitcoin’s Price Surmounting Over $8000

The crypto major Bitcoin leads all cryptocurrencies even though surmounting on price!!

The crypto major Bitcoin (BTC) is surmounting its price moments that can best be explained from the below graph that shows the price moment of Bitcoin since the 1st of July where it stands $6347.86 and today it stands $8093.33 after dropping below $7900 just recently.

 

 

Source: CoinDesk

As per the most valid source of CoinDesk where it claims for the price of crypto major Bitcoin that started gaining the bullish momentum upwards $8350 based on the analytical charts. However, presently it is mined just above $8000 that clearly shows its sign of consolidation.

If we focus more on the analytical part, the price has reverted back above $8000 on Friday. Needless to say that the BTC mining traded just sideways over the last 60 hours as per the report. Bitcoin’s (BTC) price is unified in a narrow range at the time of media time, and thereafter it regained bullish moment where it reached around $8350.

On 30th July, the consolidation streamlined the bullish scenario especially when the price movement from narrow $250 trading range, and at a time of press it traded at $8170 on Bitfinex. The price movement on Friday, the BTC price observed a downward pressure, however finally it reached again at the level of $8507 on 24th July. The major moving averages are more inclined towards the bulls. The relative strengths index will not indicate BTC’s higher purchased having said that it would be in the range upwards $8500 and the 10 days moving average is also in favor the bulls rally.

As per the valid source of CoinDesk, the Bitcoin is said to be extreme fatigue situation when we analyze its price movement especially when it compared against the backdrop of the downward channel breakout. Let us not forget that the immediate bullish scenario has been quite neutral. According to CoinDesk, the break upper end of the sideways channel where the Bitcoin is mined would definitely allow a re-test (e.g. 200-day moving average). A daily close as per UTC upwards 200-day moving average confirms a long run upward trend. On the contrary, the downward pressure that broadens the channel would create a shift in risk that favors a deeper price pulling back to the 100 candles moving average that stands at $7496.

The current scenario shows the sideways pattern that has already broken as BTC slashed below $8000. But the price regained quickly to above $8000 mark as on 31st July. This is, of course, the high range today and we can expect to be over $8000 level. No re-test upwards of $8468 has been observed so far.