Dutch Regulator: ICO Environment Is a 'Dangerous Cocktail'

Source : Dutch Regulator: ICO Environment Is a ‘Dangerous Cocktail’ Regulators have issued a new warning to investors in the Netherlands about putting money into initial coin offerings (ICOs). The Netherlands Authority for Financial Markets (AFM) – the country’s equivalent to the U.S. Securities and Exchange Commission – published a statement today outlining the risks it sees in the market for new cryptocurrencies, including those […] The post Dutch Regulator: ICO Environment Is a ‘Dangerous Cocktail’ appeared first on Bitcoin Wiki.

European Financial Regulator Warns Investors On ICO Risks

Source : European Financial Regulator Warns Investors On ICO Risks The European Securities and Markets Authority (ESMA) today issued two separate statements that outline what it perceives as the risks initial coin offerings (ICOs) pose for investors and startups, respectively. Striking a concerned tone on the nascent state of the market, ESMA warned investors that the use of custom cryptocurrencies for fundraising comes with a […] The post European Financial Regulator Warns Investors On ICO Risks appeared first on Bitcoin Wiki.

Farmers in FinTech – a bunny’s tale

Source : Farmers in FinTech – a bunny’s tale Picture this, – A farmer from Kansas, let us call him Roger decides to expand his rabbit ranch and become a nationwide supplier. Roger has been in the business for over 10 years now and supplies 40% of rabbit meat across his state. Despite his successful business Roger is unable to get a loan from his bank, even though Roger has a steady cash flow, infrastructure and a clear business plan illustrating his expansion strategy. Disclosure: This is a Sponsored Article Here comes Jim. Jim works for Furry International Bank, he is a banker and has been a good friend of Roger’s for over a decade. Furry International is no conventional bank, it has been innovating from day one, and understands the difficulties Roger faces when he goes around town seeking investments: Traditional banks seem to be reliable, but they require large collateral, enforce tiring procedures and can be stingy with loans considering Roger’s credit score is still recovering from his student loan back in the day. Private investors are hard to find, negotiations can take a lifetime and due to the large scale of investments, a single investor may not be able to provide Roger with the capital he needs. Looking for several investors seems to be too complicated and Roger has no idea how to go about this process – he’s a farmer not a financial mastermind. Venture funds only tend to invest in new tech with high risks but probabilities of high rewards. Roger’s business doesn’t involve neither tech innovation nor extremely high returns. Roger wants to ride the hype. At this point, Roger decides to explore the breakthrough technology of blockchain and run an ICO campaign for his project. But he soon realizes that running an ICO won’t benefit his business. With regulations kicking in quickly, running an ICO that is economically viable for crypto-investors is just as hard as taking his company to the stock exchange and making its shares publicly available. Roger sits down with Jim in a bar A drink or two into the night, Roger tells Jim about his struggles and asks if Furry International has any solutions to find investments for the ranch. Jim quickly brought up a solution provided by an innovative company named BANKEX and their Proof-of-Asset protocol. Jim wants to help Roger, so he agrees to represent Roger in the further process, which Roger does not fully understand. Jim on the other hand is an expert and he is bringing Roger as a new client to his bank.   FARM Token is released Jim pays a visit to BANKEX and fills in all the necessary information about Roger’s project – cash flow, years on the market, current market coverage, business owners background etc. This information is collected and confirmed by professional accountants, lawyers and financial analysts. Once BANKEX validates every aspect of the business, Jim is asked to install special IoT sensors in the rabbit ranch. These sensors will …

Plus…Farmers in FinTech – a bunny’s tale

Tim Draper: “This is the greatest technology since the internet’’

Source : Tim Draper: “This is the greatest technology since the internet’’ Tim Draper has never been shy about his bullishness for Bitcoin. Last month, he expressed in no uncertain terms his believe that BTC was better than fiat currency and back in 2014, he made a then outlandish price prediction for a $10,000 Bitcoin in the next three years.  At a tech conference last week, he reaffirmed his stance on cryptocurrency, reiterating how important a technology he deems it. Draper spoke to a reporter from Bloomberg at WebSummit – a technology conference taking place in Lisbon, Portugal. There he was harangued by representatives of eager startups planning to launch ICOs. Between endless pitches, he found time to chat about the history of his involvement in the space and where he sees it heading. Draper was a big loser in the 2014 Mt. Gox bankruptcy. His stash of 40,000 Bitcoins were embezzled like those of many others. However, seeing that the incident didn’t completely destroy the cryptocurrency encouraged him: The price fell 10 to 20 percent on the news but I thought, ‘That’s nothing, it should have gone to zero. Rather than exiting the space and licking his wounds, the venture capitalist felt compelled to take out another position. He managed to secure an additional 30,000 BTC during the auction conducted by the US Marshals Service following the Silk Road closure and the subsequent seizure of the darknet marketplace’s Bitcoin. The purchase cost him $18 million back in 2014. Today, their value is over $200 million – not a bad investment by any means. Since then, Draper has been a firm believer in the technology. He goes as far as to say: This is the greatest technology since the internet. For the head of the venture capital firm, Draper Associates, there’s still a lot of upside potential for Bitcoin. He believes that the division we see in the financial industry is to be expected with a technology capable of such a revolutionary paradigm shift. The likes of Jamie Dimon and the rest of the old guard are yet to embrace “progress” which will always be the eventual winner: People are always going to say there’s a problem, and that usually means there’s a lot more upside… There will be a few who embrace it and jump out front and say, ‘This is important’ and then there are going to be those who jump back and say, ‘I’m going to cling to the past and I’m going to hold onto everything I’ve got.’ And you know who wins then. It’s always progress, it’s always technology.   The post Tim Draper: “This is the greatest technology since the internet’’ appeared first on NEWSBTC.

Bitcoin Exuberance: Indicative Of A Bubble?

Source : Bitcoin Exuberance: Indicative Of A Bubble? Many economic experts believe that Bitcoin is in a massive speculative bubble, pointing to that market’s supposed value of $95 billion plus. Credit Suisse Group AG CEO Tidjane Thiam is among a growing handful of financial leaders espousing this “very definition of a bubble,” notion on the heels of Bitcoin’s meteoric, record-setting growth. At a […] The post Bitcoin Exuberance: Indicative Of A Bubble? appeared first on The Bitcoin News – Leading Bitcoin and Crypto News since 2012.

We Should Be Teaching Blockchain in Schools

Source : We Should Be Teaching Blockchain in Schools Education is an important part of growing up, and it is something that many countries see as investments in themselves. A well-informed population capable of thinking critically is usually a good thing – provided you are not a tyrannical government that would not benefit from a free-thinking people. Often, the education received in one’s childhood molds much of the rest of one’s life. I’m proposing that we start kids off early by not only teaching better personal finance habits, but also lessons about blockchain technology itself. We should be teaching kids the language of the future: Blockchain We expect a lot of children, and that’s not just because they are “the future,” but also because their capacity for learning is incredible. I, as a mid-twenty-something man, find myself envying the ease with which children pick up multiple languages and new concepts. Alas, it makes me wish I was pushed to learn more languages as a child. Children around the world have had more languages implemented in their curriculums earlier on, and some even are learning to code as well. Learning more languages and being introduced to coding as a younger person are all good things, but I think we should consider adding blockchain technology into the mix. I envision a sort of two-step approach: Blockchain technology and blockchain finance. Blockchain technology While I have argued in the past that it is not necessary to understand how something works to use it – pretty much no one using fiat currency has any idea how it is generated or distributed – I think that as blockchain technology has implications beyond the financial world, it would be a good idea to familiarize more people with the concept. Introducing it into school curriculums would be an effective way to do that. If we could start seeding a future where people were as blockchain literate as they were with books and essays, think about the additional innovation that we could see. Rather than rely on the guarded knowledge of an elite few, we would benefit from more people potentially contributing to blockchain projects on all levels. Blockchain finance As I mentioned, there is more to blockchain than finance. However, the United States in particular could benefit from a more financially literate population. Currently, about two-thirds of Americans cannot pass a basic financial literacy test. That is unacceptable. However, incorporating blockchain finance into lessons for schoolchildren could help them to be more responsible with money. I realize that blockchain finance can be very complex, but simpler lessons could be developed for children. The lesson of “you can’t spend what you don’t have” and “you can’t double spend” could be particularly helpful. Who knows, even the “this may be worth more tomorrow, so do you really need to spend it on [insert unnecessary item here] today?” may be a valuable lesson to impart.  

ICO : les deux avertissements de l’ESMA

Source : ICO : les deux avertissements de l’ESMA L’Autorité européenne des marchés financiers a publié aujourd’hui deux déclarations concernant les ICO [1]. La première rappelle aux investisseurs que ces opérations de financement sont non régulées, volatiles, opaques, non éprouvées sur le plan technologique et qu’il s’agit de placements à haut risque. La seconde s’adresse aux entreprises tentées par ce genre d’opération : quand « les pièces ou les jetons » émis « sont … Continuer la lecture de ICO : les deux avertissements de l’ESMA Source: Bitcoin.fr

Some Things to Consider When Investing in the Volatile Cryptocurrency Market, Part 2

Source : Some Things to Consider When Investing in the Volatile Cryptocurrency Market, Part 2 If you are like many investors right now you have heard of bitcoin and cryptocurrencies and the high returns that have been generated for investors but you really don’t know much about them – and you know you should. Even though prominent skeptics remain the sector continues to grow as an asset class and garners increasing support from legitimate financial market participants. Disclosure: This is a Sponsored Article In September Japan took a leading position towards legitimizing cryptocurrency trading and investing by authorizing 11 cryptocurrency exchanges to operate in the country. Earlier in the year Japan made Bitcoin a legal currency. These are significant developments given that Japan is the world’s third largest economy. RecentlyMark Cuban, billionaire co-star of the reality television series Shark Tank,recommended that investors have up to 10% of their investment portfolios allocated to cryptocurrencies. Nevertheless, one of the more significant developments recently is the announcement by the CME Groupthat they will launch a bitcoin futures contract before the end of the year. This will certainly help move cryptocurrencies closer the mainstream as it will attract greater participation by institutional investors and it further legitimizes bitcoin, and by default the cryptocurrency sector as a whole. As mentioned in Part 1 of this article,there are a couple approaches that can be taken by the average individual investor when looking to participate in cryptocurrency investing. There is a self-directed approach, where an investor makes their own decisions as to what to buy and sell and when, or the investor can work with professionals who are well versed in the sector and who make portfolio decisions on behalf of a group of investors. In the second instance the investment would be in a portfolio of cryptocurrencies via a coin traded fund (CTF),such as The Token Fund, an up-and-coming leader in the CTF sector. For self-directed investors who want to participate in the cryptocurrency market directly, you’ll need to open an account with an exchange and fund the account. Like any financial market exchange this is central hub where bitcoin and other cryptocurrencies are traded. Some of the larger exchanges include Coinbase and Gemini in the U.S., Kraken in Europe, and BitFinex and Coincheck in Asia.A larger exchange can be expected to have better liquidity and therefore the potential for less slippage on order fills when compared to a smaller exchange.In general, it’s better to use an exchange that is within your general geographic region in case there are issues to resolve with the exchange. A simple approach to investing is to build a portfolio of equal weighted positions in the 10 largest cryptocurrencies. In other words, if you have $50,000 to allocate to cryptocurrencies you would purchase $5,000 worth of each. Another approach is to allocate your capital based on a weighting relative to the market capitalization of the top five or ten cryptocurrencies. The largest allocation would go to bitcoin since it has the …

Plus…Some Things to Consider When Investing in the Volatile Cryptocurrency Market, Part 2

Austrian Ketamine Trafficker Sentenced to Probation

Source : Austrian Ketamine Trafficker Sentenced to Probation After his September arrest for drug trafficking, a 22-year-old ketamine dealer received a light sentence of probation and mandatory drug therapy sessions. On October 30, the Vienna District Court heard how a Burgenland native had financed his own “addiction” to marijuana through drug distribution. One of his family members, the man said, had told him […] The post Austrian Ketamine Trafficker Sentenced to Probation appeared first on The Bitcoin News – Leading Bitcoin and Crypto News since 2012.

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