Polymath POLY

Market Cap $ 34.526 MM (#92)
24h Volume $ 3.179 MM
Chg. 24h: 4.00%
Algo. score 4.3/5  (#14)
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Polymath News

Polymath is not conducting an airdrop. Do not send funds to ...

Polymath is not conducting an airdrop. Do not send funds to anyone claiming otherwise. And a reminder: Never give… https://t.co/lpfBB5x8dN

2 days ago

Excited for this! Come out to see Polymath co-founder Chris ...

Excited for this! Come out to see Polymath co-founder Chris Housser @realbitlawyer talk about Web3, Polymath, Secur… https://t.co/hil7p1bIot

4 days ago

IOST Listed on South Korea’s Largest Cryptocurrency Exchange Bithumb

Bithumb, the largest cryptocurrency exchange in South Korea, announced today that it will be listing IOST(Internet of Services Token) and Polymath(POLY) today on its platform. The exchange also noted that it will run '22.8 million airdrop event' from Dec.6 through Dec.7 to celebrate the new listing. According to earlier reports, IOST would launch their final Testnet version 2.0 on  Dec. 20 this year and would launch their Mainnet v1.0 on  Feb. 25, 2019. At the press time, IOST is trading at $0.0052, up 12.66% in the past 24 hours. (RL)

6 days ago

Great podcast with @MooreGrams and @bounty0x on Polymath and...

Great podcast with @MooreGrams and @bounty0x on Polymath and the security token space more broadly https://t.co/raAvDZ5WTr

7 days ago

Heslin Kim (APAC Head of Business Development at Polymath) e...

Heslin Kim (APAC Head of Business Development at Polymath) educating the audience at NodeTokyo about Polymath and s… https://t.co/D7ohmXV96x

12 days ago

Dubai Has Quietly Created A Legal STO Space

The UAE is quickly becoming the international epicenter for security token offerings (STOs), according to the head of a Dubai-based consultancy firm. The Middle Eastern country will soon be in a position to launch fully-regulated STOs. Jason King, the managing partner at Connected Global Strategies (CGS), told Crypto Briefing that the UAE’s financial authorities - the Dubai Financial Services Authority (DFSA) - had quitely created the framework for STOs to take place legally. “They [the Dubai authorities] see it as inevitable that cryptocurrencies and blockchain will experience mass-adoption”, said King. “But they they won’t let it run wild.” Although Dubai has so far developed its security token regulations “under the radar,” King said that it would clearly benefit from the new technology. The city has a prominent financial sector and real-estate market, both of which could expand with tokenized securities. A lack of legacy banking systems, prominent in Western economies, means the UAE can quickly pivot over with little friction or backlash. aelf is already exploring the Dubai STO space This comes as the aelf (ELF) blockchain, a scalable protocol based on cloud-computing, begins to make inroads into Dubai with a partnership with CGS. Zhuling Chen, aelf’s co-founder, explained that the new partnership was necessary in order to begin expanding into the region. “The Middle East has a more top-down approach than other places,” he said in a telephone call. “We need people like CGS to get us in”. Dubai is not alone, Chen says. Governments in the region have been looking to transition away from oil and into new sectors, such as tech. Authorities in Saudi Arabia, the biggest economy in the region, have also expressed an interest. That said, the UAE is in the lead. Local investors invested heavily in aelf and the nascent sector has the support of the government and ruling families; Chen says that they see it as an opportunity to create value. A government mandate to expand Distributed Ledger Technology by 2020 means many Dubai-based businesses have already begun integrating blockchain technology. Although Chen says that they are still exploring options, one area under consideration is for aelf to develop an STO platform, like Polymath (POLY), based on a sidechain. The project hopes that by establishing a running dialogue with the authorities, they can create an offering floor in full compliance with UAE and Dubai law. Dubai was an international trading center before the discovery of oil, and its sovereign wealth fund, valued at over a trillion-dollars, is second only to China’s. If technology is the new oil, then Dubai may be in a position to tap into both. Disclaimer: The author is not invested in any token or cryptocurrency mentioned in this article, but holds investments in other digital assets. The post Dubai Has Quietly Created A Legal STO Space appeared first on Crypto Briefing.

13 days ago

Do you want to create your own security token? Then sign up ...

Do you want to create your own security token? Then sign up for tomorrow's Polymath Webinar with Thomas Borrel, Chi… https://t.co/oGUKfswOOJ

13 days ago

Polymath Core v2.0.0 🚀 ...

Polymath Core v2.0.0 🚀 https://t.co/9nGxhpZcGt https://t.co/K6bCWbJNzT

18 days ago

Moving From The ICO To The DSO: Digital Security Differences

Love them or hate them, ICOs really stirred the pot. Did they stimulate global interest in blockchain technology? Absolutely. Did they represent an unsustainable speculative bubble which was bound to burst at some point? Absolutely. In fact, the whole ICO craze is a bit of a Catch-22. If the markets had remained purely driven by utility they probably wouldn’t have been as popular. But the fact that they transformed into what we might charitably describe as ‘unregulated securities markets’ has had one very positive implication for ICO investors: they are in the best position to be first movers in the rapidly-evolving digital securities market. As discussed in our previous article, the once scalding Initial Coin Offering (ICO) market has become frosty as 2018 continues to wear on. But as the ICO deal stream slows to a trickle, we are seeing the rise of the Digital Security Offering (DSO). As we dive deeper into this transformation, it’s important to understand that the ICO and the DSO are fundamentally two different things, which happen to share a common denominator. Moving from ICO to DSO The DSO is, and was always intended to be, an investment and cap management vehicle that will mostly be used for private placements and other typically illiquid asset classes, as an Angel investor this made sense to me. There are a lot of features of digital securities that help them accomplish its goal, as a vast improvement over the tedious and expensive process of creating, trading, and managing private securities (more on that in a moment). ICOs, on the other hand, were almost exclusively sold as utilities to incentivize communities building technology on a public blockchain. The “token” was intended to reward people working for the greater good of the community. The ICO was not intended to be a speculative investment vehicle - at least, not in its original form. And although there are a few unicorns out there, many ICOs will fail. This is not inherent to the model they used - startups fail all the time - but the capital raised and the global excitement around tokenization has allowed the brunt of those failures to rest on the shoulders of the retail investor. The inevitability of failure, and the reasons for success So what happened, to create this speculation? Due to the frictionless nature of trading tokens on the blockchain investors began to do what they do best - they speculated, traded, and rode the wave all the way to the shore. Markets were born, prices fluctuated (artificially or authentically), trades were made, and for anyone with a background in securities, it became very apparent that the “utility” notion had transformed into a budding unregulated securities market. Dana Farbo, COO of Augmate, puts it bluntly: “Regardless of whether this token is used as a part of the platform or not, a company that insists on going the route of a utility tokens with investors who hope to gain on the increasing value of the token is risking their business and possibly the livelihoods of its employees, business partners, investors, and others.” I mentioned that the silver lining for ICO investors is that they are in a fantastic position to be among the first to explore the digital securities offering. And that’s true - the media they consume, their comfort with physically-intangible assets, their understanding of the technology underpinning many of the projects that are seeking crowdfunding - all of these factors are advantages that non-crypto investors do not possess. But after the ICO model has gone supernova, what real benefits are there for retail investors? And what’s the safety net? Let’s take a closer look at some key components for DSOs: Regulatory Compliance Digital securities, as issued and managed by reputable issuance platforms like Securitize or Polymath, apply global regulatory rules to the lifecycle of the digital share or token. ICO tokens were often sold without regulatory clarity. There is, in many cases, nothing that legally protects the token owner from nefarious or ignorant acts committed by the issuer. Asset Backed Digital securities are backed by an asset of value. This can be the equity of a company, fractional ownership in an apartment complex or the payout of dividends from quarterly profits. ICO-acquired tokens usually have no assets backing their value. They are offered as a ‘utility;’ a means in accessing a service on a communication network. One pays money for tokens that grant access to the service. Digital Securities are not Bitcoin-paired Digital securities gain their value from the net asset value (NAV) of the asset backing the product, and can trade at a premium or a discount to their NAV. This is the expected behavior of any asset-backed security. Digital securities will be paired with fiat. ICO acquired tokens that trade on exchanges are often correlated to the price of Bitcoin. This is a tricky situation. Very few tokens from ICOs have any dependence on the blockchain technology

21 days ago

Jimmy Song proves Faketoshi’s signature is (unsurprisingly) fake

The BCH hash wars have left very little room for reasonable fact-based debates. As it turns out, the two combating factions, ABC and SV really like to make use of appeal to authority. It’s a little logical fallacy which fools short-sighted investors - otherwise why would anyone bother to use it? On one side, we have those who own most of the Bitcoin Cash infrastructure and repeat every five minutes that they want to bring more financial freedom to the world. The other camp is led by Craig S. Wright, the self-proclaimed Satoshi Nakamoto who likes to act like a destructive Old Testament deity. Arguably, none of these factions represent the principles that Bitcoin really stands for, as they diminish the decentralization factor. But this doesn’t stop some combatants to get extra creative. On November 16th 2018, the @Satoshi Twitter account has posted an interesting cryptographic message. It basically read “Sig (Rx, S) for Message H(m) Rx: 97921318692748166969765893503724782362221860890089306445657980140065784098104”. The interpreted meaning behind this signature is “I am Satoshi, I’m still alive and well, and I want to send you all a message”. In reality, this proved to be nothing but a tactic that BCHSV proponents use in order to justify their “Satoshi’s Vision” divergent approach. Due to content similarities, it’s suspected that Craig S. Wright himself is behind the @Satoshi account (which has been suspended in the meantime). Justice. pic.twitter.com/jsDc0SePOd — Dr Craig S Wrong (@ProfFathead) November 17, 2018 To make this situation even more ridiculous, BCH investor Calvin Ayre has written a speculative tweet to support the angry Satoshi hypothesis. However, Mr. Ayre has adjusted the narrative to fit the ongoing hash wars: “Satoshi lives and is likely upset at Bitmain and Bitcoin.com for attacking Bitcoin”. For the sake of common sense and cryptographic decency, Jimmy Song came to the community’s rescue with a Medium blog post. In a nutshell, the Programming Blockchain educator and Bitcoin developer applies to “Don’t trust, verify” ethos by debunking the myth with mathematical evidence. Craig S. Wright (Faketoshi) gets busted by Jimmy Song Since his emergence in the world of Bitcoin in 2015, CSW (also referred to as “Faketoshi”) has constantly claimed to be Satoshi Nakamoto. He’s even managed to fool Gavin Andresen (at the time the most important Bitcoin developer), and he kept on gaining (undeserved) credit and recognition. Mr. Wright has spoken at big conferences alongside influential crypto developers, and in the meantime, he admirably resisted the fraud allegations (while dodging challenging debates). When the Bitcoin community split in 2017, Craig S. Wright received a false prophet role in BCH. This move was meant to bring more legitimacy to the big block project, as people fell for the Satoshi narrative. But in the long run, he ended up dividing the community and meddling with the plans of Roger Ver and Jihan Wu. It’s no surprise that the Bitmain co-founder is the proponent of an unpopular conspiracy theory which claims that CSW is a Blockstream spy. From the very beginning I have had a conspiracy theory that CSW is a spy controlled by Blockstream. — Jihan Wu (@JihanWu) November 8, 2018 But this time, it’s likely that CSW has bought the @Satoshi Twitter handle for the sake of spreading Bitcoin FUD and SV propaganda. Lately, he hasn’t been shy in threatening the communities of BTC and BCH with costly hash wars that would bring down the market for extended periods of time. Oh. And @JihanWu and @rogerkver selling... they will also have to sell BTC to pay rented hash. If this is a long war... expect 2014 prices in BTC... think what that does... Have a nice day — Dr Craig S Wright (@ProfFaustus) November 14, 2018 To unknowledgeable outsiders who don’t know anything about cryptography, coding, and mathematics, Craig S Wright can look like an eccentric polymath with destructive and vengeful intentions. But to people like Jimmy Song, Andy Poelstra, Greg Maxwell, and Pieter Wuille, he is nothing but a con artist who makes big claims that he can’t back up. Jimmy Song’s demonstration As a social scientist who never really was good at mathematics, I don’t find Mr. Song’s mathematical approach (or the supposed signature of Satoshi, for that matter) easily comprehensive. Therefore, in the spirit of the verification ethos, there is no way I can personally certify for the correctness of the mathematical demonstration. Nevertheless, it’s enough to look at the intentions of the actors involved to figure out who acts in good faith: Faketoshi and Calvin Ayre are in the middle of a hash battle that they will most likely use and require all the appeal to authority in order to compel the bystanders to pledge allegiance to their cause. On the other hand, Jimmy Song and all the other Bitcoin developers don’t have a clear stake in the BCH narrative and their best interest here would be to protect the legacy of Satos

22 days ago

Polymath Announces the Release of Core Version 2.0.0

Polymath (POLY), the securities token generation platform, recently announced the release of its core version 2.0.0. The new release comes with multiple improvements, but the underlying Security Token smart contract had to be rewritten which resulted in a break in backward compatibility. This essentially means that tokens that were launched on previous versions will need to deploy a new token on the 2.0.0 version if they want to experience the upgrades. The Polymath team will release instructions on how to complete this process in the near future. (JF)

22 days ago

Polymath Core v2.0.0 Release is out! New features including...

Polymath Core v2.0.0 Release is out! New features including: - Pegged to Fiat STO Offering - Forced Transfers - Su… https://t.co/OJPaiPicaK

a month ago

The Growth of Security Tokens in 2018

2018 was meant to be the year of security tokens. The number of projects seeking to launch security token offerings (STOs) would mushroom, we were told, and a string of accredited trading venues would emerge where these instruments could be exchanged. The release of two new reports into the STO market provides an opportunity to reflect on whether security tokens have lived up to the hype. Also read: Digital Bank Revolut Surpasses 3 Million Customers The Quest to Securitize the World When the utility token craze took off in 2017, raising billions of dollars through initial coin offerings (ICOs), skeptics predicted that the mania couldn’t last. Many of these so-called utility tokens, it was claimed, were actually securities, and it was only a matter of time until a lettered agency such as the U.S. Securities and Exchange Commission stepped in to call a halt to proceedings. In the event, the demise of the utility token has had less to do with enforcement, and more to do with market conditions that have made it virtually impossible for ICOs to raise funds. A string of underperforming ICOs, including several that were outright scams and others that simply failed to deliver, have blunted public appetite for this fundraising mechanism. STOs have the potential to overcome several of the drawbacks to ICOs, including the regulatory uncertainty. Because security tokens represent a claim to an asset, such as equity, investors have a degree of reassurance that, in the event of the project faltering, they will have legal redress. This contrasts with utility tokens, which are sold on the understanding that they may be worth nothing and that holders have zero claim to any sort of assets. Two new reports from Hashgard and ICOrating.com provide an insight into the health of the nascent security token market. Security tokens made up 6.54 percent of projects in Q3. STOs See Modest Growth in Q3 ICOrating.com reports that STOs saw a steady increase in interest during Q2 and Q3 of 2018. The share of projects offering a security token increased by a slender 1.66 percent in Q3 over the previous quarter, while the number of projects offering utility tokens decreased by 10 percent. One impediment to projects seeking to launch an STO is a shortage of platforms that are capable of listing their token. Until traditional cryptocurrency exchanges, including a number of Malta-based entities, receive approval to sell securities to accredited investors, a handful of platforms will hold sway. Leading security trading platforms and frameworks include Tzero, Polymath, Swarm, Harbor, Securitize and Securrency. Different exchanges often use different token standards to facilitate the trading of security tokens. In the case of Polymath, for instance, it’s the ST20 protocol for Ethereum-based tokens. Startengine, meanwhile, has introduced its own ERC1450 standard for digital stock certificates. “To date, we have issued ERC1450 tokens to all 3,500 Startengine shareholders, and there are 165 more eligible companies that use Startengine Secure and are expected to be listed on the ERC1450 smart contract,” explained CEO Howard Marks. 2019 — the Real Year of Security Tokens? Significant progress has been made over the last 10 months in developing security token standards, trading platforms, and obtaining regulatory approval. In terms of capital raised, however, STOs have yet to make any major headway. Singapore’s Blockchain Capital raised $10 million via STO, reports Hashgard, while other security token projects include high-tech investment fund Spice VC and incubator fund Science Blockchain. Many other aspiring STO projects are still waiting patiently for the SEC to approve their Reg A+ application that will enable them to sell security tokens to the public. Security token standards. Image from Hashgard’s STO report. As demand for utility tokens continues to decrease, expect to see security tokens outstrip them and become the preferred fundraising method for tokenized projects. From a building perspective, this year has recorded plenty of headway in the security token market. Predictions of 2018 being the year of the security token look to have been overstated however. It seems likelier that accolade will go to 2019 instead. Do you think security tokens will eventually replace utility tokens as the leading fundraising mechanism? Let us know in the comments section below. Images courtesy of Shutterstock, ICOrating.com and Hashgard. Need to calculate your bitcoin holdings? Check our tools section. The post The Growth of Security Tokens in 2018 appeared first on Bitcoin News.

a month ago

Exclusive Interview With Harish D. Gupta, CEO of Polybird Tokenized Assets Exchange

Asset tokenization is definitely one of the most noteworthy use cases of blockchain technology since its inception a decade ago. Many blockchain projects are oriented towards this direction lately, as the ability to distribute the ownership of non-fungible assets or to transfer the ownership of illiquid physical commodities by simply using smart contracts, unfolds whole new methods for global trade. Polybird, is a third-generation, global multi-asset exchange platform that enables financial institutions to raise capital by issuing digital tokens or by listing tokenized assets. Currencies, commodities, bonds, or real estate, will all become available for trading in one platform. In an exclusive interview with [blokt], Harish D. Gupta, CEO, and Co-Founder of Polybird Exchange, shared his views about how Polybird will streamline the life cycle of tokenized assets and address regulatory issues. Mr. Gupta, what kind of assets do we expect to see on the Polybird platform? Polybird is a multi-asset platform that would host multiple asset classes such as cryptocurrencies, tokenized equities, tokenized bonds, tokenized commodities, and tokenized currencies. Polybird and regulatory compliance at a glance? Polybird is a global multi-asset platform that aims to streamline an end-to-end process from issuance to trading. Given we are a global platform, we will have multiple broker-dealer and capital markets licenses across multiple jurisdictions. Initially, it will be via partnerships with other financial institutions. At later stages, we’ll own these licensing. We would also apply for secondary market licenses such as ATS and stock exchange licenses. Polybird aims to interconnect investors globally. How are you going to address regulatory discrepancies across different regions? How will you ensure an investor from a country with regulatory restrictions will not have access to certain assets? We are introducing the concept of “Chinese Walls” in the exchange ecosystem which is a common practice in the financial services industry. Each jurisdiction has its own set of regulations and regulatory objectives, which may or may not match with other jurisdictions’. Yet it is critical to stay compliant in not only one jurisdiction, but all jurisdictions simultaneously. To achieve this goal, opportunities on the platform are selectively visible, often referred to as “Chinese Walls” in the investment banking industry. Chinese Walls are self-implemented barriers by an entity with the objective of serving as a barrier for interaction. For instance, if a certain investor is not eligible to participate in a given offering or trading of a certain asset for a certain reason (geographical location, non-accredited investor status, legal lock-up period, etc.), one will not be able to view the opportunity on the platform in the first place. In the case of physical commodities’ tokenization, which are prone to physical disasters or theft, under which jurisdiction would investors be able to pursue their legal rights? Given we are a global marketplace platform, we strive to bring together the tokenizers and traders/investors onto our platform. These tokenizers could be from anywhere in the world. Where the investors will be able to pursue their legal rights depends on the jurisdiction of the registered entity of the tokenizer. We will provide the investors with adequate information such that they are able to make a well-informed decision. Who is eligible to list a tokenized asset on Polybird? In the initial phase, we plan to source assets from several tokenization platforms such as Polymath, Securitize, FIC Network, Dharma Protocol, which are focused on tokenized stocks and bonds. As we grow, we target a certain set of markets in each asset class for them to list on us. We see an exponential growth in the number of startups tokenizing various assets across geographies, in regions like APAC, EMEA, and the Americas. Our target is to capture as much growth as possible, scale this platform globally, build a brand name, and provide such tokenizers with a go-to listing platform in the world. How is Polybird going to guarantee liquidity on a listed asset? Are you planning to partner with other exchanges? We assume that there would be liquidity for certain assets and there wouldn’t be liquidity for others. The assets that are more in demand and easy to price would have more liquidity, whereas the assets that are less in demand and difficult to price would have less liquidity. That is, we expect that for less liquid assets, the buy or sell order of certain assets would sit on the exchange for a while before the order is filled. How will investors trade a tokenized asset on the Polybird platform? The trading experience would be very similar to that of trading on cryptocurrency exchanges such as Binance, Gemini, and Bithumb. The distinguishing factor of our platform would be to trade different asset classes on our platform. We see traditional cryptocurren

a month ago

Polymath Bull Spotted! ...

Polymath Bull Spotted! https://t.co/t7V6x0DVEh

a month ago

Polymath Price Continues Push to Reclaim $0.3 as a new Support Level

After a somewhat lengthy bullrun, it seems most cryptocurrency markets are suffering from a slight correction. In some cases, the losses quickly mounted up to nearly 4%, which is quite steep. Further down the market cap rankings, Polymath is still doing a good job. The altcoin remains in the green in both USD and BTC value, at least for now. Polymath Price Surge Isn’t Over It is quite refreshing to see at least some currencies retain their positive momentum. It was a matter of time until all major markets saw a correction. A multi-day uptrend has not been sustained in this industry throughout most of 2018, and this latest run is no different in that regard. At the same time, there is still room for further upward momentum despite this brief correction. Over the past 24 hours, the Polymath price has risen by another 7% and change in USD value There’s also the strong uptrend against Bitcoin - +8.2% - and Ethereum - + 10% - to take note of. All of these changes seem to indicate POLY is in a very good place right now, despite having a trading volume of just $8.4m. For speculators of POLY, liquidity plays an increasing role of importance. More exchanges offering trading markets pertaining to this altcoin is always a good chance. While HotBit might not be a big exchange by any means, they do allow for ETH and BTC trading against Polymath. 【#hotbit #newlisting】Hotbit launched $POLY (#Polymath)on November 7th2018.11.7 18:30 (UTC+8) open deposit and POLY/ETH,POLY/BTC trading pairtrade now: https://t.co/TRUaN4XyEd#blockchain #eth #btc #poly pic.twitter.com/pEnHjHQdNh — hotbitio (@Hotbit_io) November 8, 2018 Those who seek some advice in the technical analysis department may not necessarily like what they see in this department. There is still a bullish signal forming across the charts at this time, although that doesn’t automatically result in a further gain whatsoever. A very peculiar market to keep an eye on in this regard. $POLYBottom of the daily block is holding. Yesterday's candle wicked but closed inside of it, also might be a bullish hammer. Higher high and higher low on the 4h chart.#poly #btc #bitcoin #polymath #PolymathNetwork #altcoins #cryptocurrency #Crypto pic.twitter.com/n8V5Kf2jtI — Moody (@TraderMoody) November 7, 2018 Wally530 Offers a slightly different take on things, although his charts date back a few hours. It would appear the current Polymath uptrend falls well within the range projected on this chart, albeit breaking out from the channel in a positive manner may take a while. If all other markets begin to recover, POLY can catch a second wind from that momentum as well. $POLY - Yes, good reaction at 4H OB- No, it's under resistance right now- 0.00004096 is the S/R LVL- Don't long when under resistance. Easy as that.#Polymath $BTC #Bitcoin pic.twitter.com/wyJY3xzSQo — Wally53Ø (@Wally530_) November 7, 2018 Given the current state of all major markets, it appears to be a time until Polymath either gets its own correction or surges to $0.3 again. All markets are at a pivotal point right now, yet the general direction remains rather unclear. For the Polymath price, things are looking pretty good, although the trading volume is still a bit weak. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Polymath Price Continues Push to Reclaim $0.3 as a new Support Level appeared first on NullTX.

a month ago

Crypto Rally Hopes Quashed as Markets Dump Again

FOMO Moments The bears are back in play; Dash surviving the dump, Bitcoin Cash, Cardano, VeChain sliding. Rally anticipations have been quashed once again as markets are dumping. Just when a glimmer of hope started to shine in crypto land, the bears come back out and defecate all over it. Total crypto market cap has shed $4 billion in the past four hours, dropping back to around $215 billion. Bitcoin is currently holding its place with only a minor dip back below $6,500. It is currently trading at $6,480 but further losses may be imminent if the bearish pressure is sustained. As quick as it climbed over the past few days, Ethereum has fallen. ETH is currently down 2% back to $214 as it failed twice to break resistance at $220. Altcoins are suffering today, all red and wiping out gains made since the weekend. In the top ten Bitcoin Cash is falling fastest with a 5% slide to $586. Not far behind BCH are Litecoin and Cardano both losing 4% on the day. The rest in this group are down 2-4 percent since the same time yesterday. Only Dash is staying buoyant in the top twenty with a 3% climb to $173 while around it is a sea of red. Iota and VeChain are losing the most at around 4%, Tron and Nem not far behind. Getting a good dose of fomo in the top one hundred today is WAX and Polymath, both climbing around 7% on the day. BAT is also still trading strongly, up 6% following its addition to the Coinbase Pro exchange at the weekend. The big dumps are not that devastating at the moment with only two altcoins losing more than five percent; Electroneum and Bitcoin Cash. The entire table is predominantly red at the moment as markets suffer another attack of the bears. Total crypto market capitalization has fallen 1.8% on the day resulting in a $4 billion loss to $216 billion. This could be a natural correction from a bullish four days as traders take short term profits. Markets are still up 4% on the week and the trend is still rising providing there are no further losses. They have returned to the same level total market cap was at this time last month, the consolidation continues. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Crypto Rally Hopes Quashed as Markets Dump Again appeared first on NewsBTC.

a month ago

Thomas Borrel, CPO of Polymath, is a panelist for the sessio...

Thomas Borrel, CPO of Polymath, is a panelist for the session "The Surge of Security Tokens" at Hong Kong Blockchai… https://t.co/XsABmLeftQ

a month ago

The ICO Market Has Irrevocably Changed: Startups Now Seek a Plug & Play Solution

Today’s conditions are now different from when interested retail investors freely plowed in spare cash to blockchain projects. Startups have reacted to this change by increasingly making use of tailor-made token sale solutions. What this entails is that startups no longer have to build a crowdsale platform from scratch and can instead take advantage of customizable services to launch a full ICO in as little as two weeks. Token sale solutions are available seeing as a crowded market makes it increasingly imperative for startups to focus on delivering a finished product as opposed to working to develop their own crowdsale platform. Who can help launch my ICO? Eliminating fraudulent ICOs is a key focus right now as the markets desperately need to foster a wider sense of legitimacy. However, before this, companies are simply trying to make the risky fundraising mechanism that is the Initial Coin Offering a little more affordable and safer for startups. Amir Kaltak, CEO of LEXIT, the M&A marketplace which recently launched its LexICO platform said: “Startups looking to kickstart their campaign can be slowed down by the initial ICO process, which can take up to months to prepare.” “We think it’s important that these projects can focus on more important activities such as developing their product rather than spending time and money working on a platform that they will only use once.” LexICO allows startups to launch an ICO, airdrop and bounty campaigns on its platform with discounts offered to those who use LXT tokens to pay. This is the native LEXIT token which hit the BitMart exchange on November 1st. Though priced on the higher side, another option for startups is Token Get, which carries a marketing module to automate activities such as airdrop management. You can book a demo and see if the bells and whistles are worth the premium; a real focus exists here on ensuring ROI. Polymath on the other hand deals only in security token launches, possibly one of the first token launch platforms out there. Although all network transactions are locked in with their POLY tokens, the platform has a completely seamless and well-managed KYC backend integration. Getting a working product to market ASAP The reality is that it has become more difficult than ever before to raise money through an ICO. This offers a possible explanation for the shift in startups to using ready-made solutions - it makes perfect financial sense - which can see their ICO launched in a matter of days. Current climate aside, proving legitimacy, let alone potential, can be difficult in such a crowded market and a number of reported fraudulent ICOs tend to make this process even more challenging. Launching through token sale platforms adds a layer of credibility and will hopefully help begin to rebuild trust in the ICO. The post The ICO Market Has Irrevocably Changed: Startups Now Seek a Plug & Play Solution appeared first on NullTX.

a month ago

Polymath Price Rises by 5% as Team Looks to Expand

The current price momentum does seem to favor the altcoins, rather than Bitcoin itself. Although the world’s leading cryptocurrency is also in the green, most of the price action is taking place well down the market cap rankings. Polymath is going through another small uptrend despite a recent market dip. Polymath Price is on the Move Again It has certainly been a very interesting week for all cryptocurrencies so far. Although no major changes have been recorded today just yet, there are some interesting trends taking shape. In the case of Polymath, it appears the decent market dip isn’t causing any long-term side effects. In fact, some of the earlier losses are being recuperated at this time. Over the past 24 hours, Polymath has seen another 4.5% surge in USD value. There are also slightly smaller gains over Bitcoin and Ethereum, further confirming the altcoin is gaining a bit more traction again. Its overall trading volume currently sits at $5.2m, which seems relatively good given the project’s current market cap. Behind the scenes, it appears Polymath is looking to expand its team. A recent job listing confirms the team is looking for a remote Senior Solidity Developer. While it remains a bit unclear what this person will be working on exactly, it seems to confirm Polymath will continue to grow and evolve over the coming months and years. #Polymath is hiring for a #remote Senior #Solidity #Developer https://t.co/6l7UcPcv8b #blockchain #Crypto #cryptojobs #remotejobs #Ethereum #dapps #github — Remotey (@Remoteycom) October 30, 2018 Traders and speculators are also keeping a close eye on the POLY price right now. CryptoRaider UK is confident the current uptrend is still in place and will result in even higher values over the coming days. A push to 5,500 Satoshi could be in play, albeit that would require enforcing another 20% gain. $Poly #polymathUpdateStill respecting upward channelwith SOLID progress since lowof 1.9kExpecting a test & break of c5.5k pic.twitter.com/olmUM9K56L — CryptoRaider.Uk (@TradinginTime) November 1, 2018 A similar market sentiment is echoed by CryptoPirate, who also keeps a close eye on this particular altcoin. This recent bounce after a major uptrend retracement confirms the altcoin is in a good place. While that does not automatically warrant another bullish jump right away, there is a good chance things will continue to improve for a few more hours to come. Polymath bouncing after 50% retracement.#polymath #Altcoins #BULLISH #cryptocurrency #Bitcoin pic.twitter.com/v2YezosLG8 — CryptoPirate (@Hawkeyehitchen) November 1, 2018 All signs point toward an ongoing POLY uptrend. Reaching a value of $0.3 in the coming hours seems plausible, as it wouldn’t even require that much momentum either. Sustaining this latest uptrend, on the other hand, can be rather problematic if the volume doesn’t pick up a bit. Additionally, Bitcoin still looks to be on wobbly legs, which usually spells short-term trouble. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Polymath Price Rises by 5% as Team Looks to Expand appeared first on NullTX.

a month ago

The Polymath Security Token Meetup last night at #Devcon4 wa...

The Polymath Security Token Meetup last night at #Devcon4 was a huge success! Thanks to everyone who came out to ta… https://t.co/j06uArH60g

a month ago

@rivatez @maraoz @gnosisPM Both :) Polymath GitHub: ...

@rivatez @maraoz @gnosisPM Both :) Polymath GitHub: https://t.co/OeLMCl2vLK Create a security token in 10 minutes… https://t.co/9nVkjkLjJh

a month ago

AMAZING @pabloruiz55! If you're at #Devcon4 - Come by the P...

AMAZING @pabloruiz55! If you're at #Devcon4 - Come by the Polymath booth to see our new mascot and learn more abou… https://t.co/PGlJRowPr4

a month ago

Triangular Arbitrage Today: QKC, QTUM, DENT, NEO and More

In the world of cryptocurrency, different exchanges often maintain slightly different prices. That allows for some interesting arbitrage opportunities, even though it often requires the use of at least two exchanges and potentially multiple trading markets. The following options are very interesting, albeit also a bit time-consuming. #6 POLY to QKC When a triangular arbitrage opportunity presents itself, one has to be willing to look well beyond the more traditional markets. In this particular trade, there is a chance for a near 20% gain when buying POLY on Koinex and converting it to QKC on the Binance exchange. Said obtained funds can then be transferred to WazirX, a relatively small exchange, for a healthy profit, due to its high QKC price. #5 DENT to QKC DENT is the native currency of the project focusing on making mobile data globally tradeable. Its value on WazirX - in INR value - is very low, which would allow DENT to be sent to CoinDCX for a conversion to QKC. Once the QKC is obtained, it should be transferred back to WaxirX for a profit. This is a bit of a back-and-forth trade for those with access to Indian Rupees, but it can yield a decent profit. #4 QKC Cross-Platform Multi-currency It seems there are numerous opportunities to make money with QKC these days, depending on overall market liquidity. Buying QKC from CoinDXC with BTC and selling it on WazirX for INR can result in a 10% profit. This would also give users access to INR balance to explore the other arbitrage opportunities listed above, which can be well worth checking out for those willing to take a gamble. #3 KNC to NEO It doesn’t happen that often NEO is involved in triangular arbitrage opportunities, though today is a bit different. Buying KNC on Binance with Bitcoin and sending it to Kucoin for a NEO conversion will open a new arbitrage opportunity. Selling that NEO balance on EXMO can yield a profit of up to 9%, depending on overall liquidity. #2 NEXO to NEO The NEO arbitrage opportunity on EXMO can be explored through other trading pairs as well. For those willing to buy NEXO with Indian Rupees through BitBns, will allow them to convert this funds to NEO on CoinDCX before sending it on to EXMO. It is a slightly alternative route to explore, although that doesn’t make it less viable by default. #1 CMT to QTUM This particular arbitrage opportunity makes for an exciting trade. Users can buy CMT on OKEx with Bitcoin. If they move their CMT to CoinDCX and convert it to QTUM, a new arbitrage option will present itself rather quickly. All that is left is moving the QTUM to BitBns and selling it on whichever trading pairs offers the most advantageous pricing. Disclaimer: This is not trading or investment advice. NullTX does not endorse any of the exchanges or cryptocurrencies mentioned in the article. Always do your own research before dealing with any cryptocurrency exchange. The post Triangular Arbitrage Today: QKC, QTUM, DENT, NEO and More appeared first on NullTX.

a month ago

Polymath Bucks the Downward Trend in Today's Market, Rises by Double-Digits

While it’s mostly a sea of red in today’s cryptocurrency market, Polymath (POLY) is posting double-digit gains. POLY, which has a market cap of $91 million, is up 11% to $0.32 on trading volume of $25 million. Jeremy Allaire, who is the CEO of Goldman Sachs-backed blockchain startup Circle, recently touted ERC-1400, which is the “security token standard spearheaded by Polymath,” according to the Polymath team in a tweet. The ERC-1400 standard on Ethereum is designed for regulated securities that boast features like know-your-customer as well as anti-money laundering and target accredited investors. Allaire reportedly said: "With security tokens, we’re very encouraged by things like ERC-1400, ERC-1410 and a lot of the early ideas that companies are pursuing to standardize interoperability for compliant securities.” (GT)

a month ago

Cryptocurrency Market Update: Crypto Consolidation Continues

FOMO Moments Sleepy Sunday in crypto land; Veritaseum making a move, Ravencoin flapping. It is another slow Sunday in crypto land with markets still slumbering. There has still been no movement for most of the major cryptocurrencies leaving markets at the same level around $210 billion. Still at the same level a touch below $6,500, Bitcoin is static. BTC has traded at the same price range for the past two weeks and has not been able to get anywhere near $6,600. Ethereum is also immobile for another day trading at just below $205. Yet again the altcoins are mixed and there really isn’t much to write about. Nothing is gaining more than a percent on the day in the top ten and Stellar has declined the most falling back over 2% to $0.228. The top twenty shows equal torpor with more red than green. Iota and Nem have dropped just over 2% and Dash is not far behind. There are no altcoins making gains until we get way down the chart, and even those are small. No major fomo pumps going on either today as the markets sleep. The top performer in the top one hundred at the moment is Veritaseum climbing 8% on the day. Polymath and Metaverse ETP are both up just over 7% and Decentraland has made 6.5% at the time of writing. Dropping between 5 and 6 percent at the red end of things is Ravencoin, Aion, Bytom and Golem. Total market capitalization is still at $209 billion, exactly the same level as this time yesterday. Over the past week markets have ranged between $212 and $208 billion, unable to break out in either direction. The crypto bears are keeping things firmly on the floor and markets haven’t really done much since early September. A real recovery looks a long way off at the moment and this lethargy could continue for another month or more. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Market Update: Crypto Consolidation Continues appeared first on NewsBTC.

a month ago

Polymath devs are on their way to Devcon! Come say hi to th...

Polymath devs are on their way to Devcon! Come say hi to the team at our booth, or at our meetup. There are only 6… https://t.co/ER1i1ehkGu

a month ago

The Sideways Week Continues Into the Weekend for the Crypto Market

Around this time last Saturday, the overall market cap of the cryptocurrency market was slightly above $209 Billion. At the time of writing, the overall market cap sits at $209,221,362,327, a clear example of the sideways week the market has experienced. Bitcoin (BTC) is currently trading at $6,475, relatively unchanged on the 24-hour chart, while Ethereum (ETH) has improved 0.37% and is trading at $404.21. The top performer from the top 100 coins is Polymath (POLY), currently up 8.24% and trading at $0.2405. (JF)

a month ago

The New Blockchain Finance Sector — 3 Companies That Will Find Their Niche

Blockchain will be just way superior to traditional business models in just about every industry sector. Ok, I say ‘will be’ because blockchain and cryptocurrency are still in their infancy and there is a little way to go before businesses start leaping onto the blockchain wholesale. It has taken time for blockchain startups to get financed (ICOs) and to build their tech. Also, no one is sure just how regulation will play out so big Wall Street investment is still on the sidelines looking in. One thing is for sure though, replacement of existing business models with blockchain will happen sooner rather than later. One sector where things are really starting to happen is in Finance and this essay is written from the perspective of disruption of this sector and the companies that will flourish in three of the finance niches. Lendingblock — Cross-chain crypto to crypto lending “Lendingblock, a cross-chain professional trading exchange that specialises in crypto to crypto loans. They are focused on bringing the securities lending model to the digital asset economy.” Lendingblock has a hugely competent team with vast experience in banking and fintech. They have been under the radar for a long time now and they are unique in that they are not looking to attract your average retail investors which other lending companies such as Nexo, Ethlend and Moneytoken are focussed on. In fact, Lendingblock has far bigger fish to fry and is targeting the really big players such as hedge funds, institutions and exchanges. A really big competitor, Genesis Capital, is one of the biggest institutional OTC providers and has now become the first institutional provider for borrowing and lending cryptocurrencies with more than $500 million in loans flowing through its platform since launch. However, Lendingblock differs in that it’s platform is electronic whilst Genesis Capital’s is manual — making Lendingblock’s platform infinitely more scalable. If that wasn’t enough, both companies have now partnered and Genesis Capital was among the first of about 25 or so institutional lenders and exchanges to sign up for Alpha group testing of the Lendingblock platform. The Lendingblock platform will be using real capital and real Lnd in Q4 after the Alpha group testing and is then set to launch for all investors in Q1 2019 and so the price should be ticking up quite soon. A small market cap of only $3 million means that there is plenty of room for growth and the present price is about a quarter of what it was at listing. Do the maths... Polymath — the ‘Ethereum’ for security tokens “Let the stampede begin” The rallying cry from a platform that seeks to be the link between Wall Street and the blockchain. Polymath is a dApp built on Ethereum that tokenises securities. If you consider that ICOs raised over 7 billion this year in capital to mainly fund utility tokens you might get a little excited to think that STOs (Security token offerings) can potentially tokenise trillions of dollars of securities. Imagine the whole of Wall Street tokenised! When we are talking securities we are talking regulation and compliance. How Polymath gets around the problem of allowing any business to tokenise their assets is that they have built KYC and regulatory requirements into the token itself so that it can only be transacted by verified and authorised holders. This does sound problematic for small time investors wishing to buy tokenised assets and only being able to buy certain ones because of the country they come from and as to whether they are accredited or not. Proponents of decentralised cryptocurrencies would probably take umbrage with this system. However, holders of the Poly token would look to see huge gains in growth as more and more businesses pay in Poly in order to launch their own STO. Also, another part of the service Polymath offers is to take care of legalities in order to ensure that businesses are totally compliant — again, paid in Poly. Polymath has huge partners backing it and has one of the biggest communities out there. The Poly token price at present is fairly near its bottom. Look for this to rise as security tokens become the next big thing in the world of crypto. Digitex Futures — The commission free futures exchange The US futures market was estimated to have a value of $27 trillion in 2017! When even a part of this arrives on the blockchain well... Futures are a contract to buy or sell an asset on a given date with an agreed price. Futures typically earn (or lose) money much faster than trading stocks given that price volatility is a lot greater. They are also highly leveraged with the requirement to put up only 10% to 15% of the actual contract. The Digitex Futures token sold out at ICO in only 17 minutes — giving a feel for how highly rated this platform is. We are now very near the actual launch of the platform in Q4 and traders will be able to make short term trades for 0% commission, something that is not available anywhere e

2 months ago

Cryptocurrency Market Update: Decred Surging on Binance Listing

FOMO Moments Markets still sideways; Binance boosts Decred, Tezos also climbing, Qtum pulling back. More monotony today on crypto markets as there has still been no major movements. Another drop from weekend levels has seen market capitalization fall back below $210 billion as the bears keep things on the floor. Bitcoin has made a tiny decline to take it below $6,500, but only just. BTC is trading at $6,480 right now and a bearish channel seems to be forming so further drops could be on the cards. Ethereum has already fallen back and is a percent down on the day taking it below $205. The rest of the altcoins are mixed today with more red than green on the charts. XRP and Bitcoin Cash are both down over a percent while Stellar and Monero are both up by a similar amount. The rest are static for another day. In the top twenty only Tezos is showing a decent gain, making 6% on the day to trade at $1.42. There are a couple more in the green including Ethereum Classic which has made over 3% today. Dropping back is Zcash and VeChain both losing over 2% on the day. Today’s big pump comes from Decred which has bolted over 20% a couple of hours ago to reach $47. DCR has since retracted a little but is today’s top performer in the top one hundred. A Binance listing has caused the predictable pump for Decred; #Binance Will List #Decred ( $DCR) on 2018/10/24https://t.co/b4EPrXG9cQ pic.twitter.com/SJEtkfeH3D — Binance (@binance) October 23, 2018 DCR trade volume has skyrocketed tenfold from around $600k to over $6 million. South Korea’s Upbit is taking the majority with Bittrex and Huobi not far behind. Also performing well today is Chainlink which is pumping a similar amount. Crypto.com and Polymath are also in double figures at the moment with gains of 14-16 percent. Altcoins losing the most in the top one hundred right now are Qtum and Electroneum both shedding over 6%. Total crypto market capitalization has hardly moved in 24 hours and is still at $209 billion. A spike added a couple of billion a few hours ago but that has already been eaten up by the bears. Markets are pretty much at the same level they were this time last week and the tedium continues. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Market Update: Decred Surging on Binance Listing appeared first on NewsBTC.

2 months ago

New Kids On The Blockchain

With over 11k subscribers on YouTube, the New Kids On The Blockchain are an award-winning team of documentary makers with a thirst for cryptocurrency and blockchain. Starting the channel in 2017 in order to produce a feature-length documentary on the rise (and possible fall) of the ICO. The Kids have travelled the world extensively working with key players and opinion leaders in the space. They have also been following a number of important projects, such as The Pillar Project, throughout the whole stage of their creation, ICO and development, to get the ‘inside story’ on this fascinating world. Some of the people filmed include Roger Ver, Clif High, Ryan Taylor (CEO DASH), Jeff Berwick (The Dollar Vigilante), JSNIP4, Bix Weir, Crypt0, Reggie Middleton and many more and worked with projects such as: Dash, Elastos, EOS, Debitum, Pillar, Veritaseum, PIVX, Cloak, Funfair, Polymath, Oracle, IBM, Ledger, Abra and ICO Alert, to name but a few. The New Kids do quick rundown videos several times a week on the most significant news that comes out of the industry. The rundown videos are around 1-3 minutes long so it’s a good way to keep up to date with what’s going on without eating up to much of your time. Key media partners for a number of blockchain events worldwide they started their channel about 18 months ago to bring quality, informative and intelligent content around blockchain and cryptocurrency as opposed to the usual Moon-Lambo nonsense and host a daily show, weekly show and a wealth of other informative content. As the only ‘Crypto Couple’ in blockchain communication, they also offer a unique viewpoint and well-rounded opinion from different perspectives of the industry. ash@newkidsontheblockchain.com lisa@newkidsontheblockchain.com YouTube.com/c/newkidsontheblockchain www.newkidsontheblockchain.com So head over to YouTube now and subscribe to the New Kids On The Blockchain to keep up to date with everything to do with the crypto space! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post New Kids On The Blockchain appeared first on Crypto Daily™.

2 months ago

Security Token Offerings (STOs) Could Replace ICOs in the United States

Initial Coin Offerings (ICOs) became a popular way of crowdfunding money to launch new blockchain platforms, but the ICO industry is coming to an abrupt halt in the United States due to the Securities and Exchange Commission’s (SEC) declaring that ICOs are securities and subject to security regulations. Security Token Offerings (STOs) are similar to ICOs, but more likely to be approved by regulators. It is possible that STOs could replace ICOs in the United States, and could help fuel the crypto and blockchain boom. ICOs are simply events that occur when a new blockchain platform or company offers their native cryptocurrency in exchange for major cryptocurrencies like Bitcoin or Ethereum, to raise startup funds. This model worked great before regulators stepped in, with USD 5.6 billion raised by ICOs in 2017. Since then the SEC has basically stopped ICOs in the United States. ICOs must be approved by the SEC, but at this time it does not appear that any ICO has been approved by the SEC in the United States. A problem with ICOs is that they offer a newly launched cryptocurrency, often saying it is guaranteed or expected to have a certain value after launch. However, the free market decides the price of a newly launched ICO crypto, and there have been numerous cases of ICOs pumping and dumping, or never getting listed on an exchange and therefore never gaining value. The latter scenario especially happens in fraudulent ICOs which never come through with their promises to build a blockchain platform, and essentially run away with the crowdfunded money. STOs offer a new crypto like ICOs, except each unit of this new crypto represents a share in the company conducting the STO. This gives investors a guarantee of equity or dividends, as well as voting rights, whereas ICOs give investors a cryptocurrency that has no guarantees or rights attached to it. Polymath originally came up with the idea for STOs, and has created a platform that guides STOs through the complex legal and technological steps to successfully launch a legal STO, including know your customer (KYC) and anti-money laundering (AML) requirements. While ICOs and STOs both fall under the SEC’s jurisdiction as securities, STOs are actual financial securities and built in a way that makes them much more likely to be given approval by the SEC, since they are a better fit for security laws framework. Essentially, STOs will give United States blockchain and crypto firms an avenue to crowdfund in a similar way to ICOs, as well as offer better protection for investors, and STOs could replace ICOs in the United States. Follow BitcoinNews.com on Twitter: @BitcoinNewsCom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post Security Token Offerings (STOs) Could Replace ICOs in the United States appeared first on BitcoinNews.com.

2 months ago

Solidified Becomes Smart Contract Auditor for Polymath

The partnership brings the Polymath platform one step closer to being a reliable marketplace for tokenized assets.

2 months ago

Cryptocurrency Market Update: A New Brave Browser Boosts BAT

FOMO Moments Another flat Saturday as markets are stagnant; Only BAT and DGTX heading higher. The weekend has brought no joy to crypto markets which have remained immobile for the past few days. The slow downward slide seems to have halted just below $210 billion market capitalization where things remain for another day. Bitcoin is at the exact same place it was on Friday, $6,480 and there is no sign of a breakout just yet. A similar story is being played out in the Ethereum camp during Asian trading this morning. ETH is immobile again today at around $204. Alcoins are nearly all in the green but gains are so small they are hardly worth mentioning. The biggest movement in the top ten is Stellar which has inched up 2.2% to $0.244 this morning. The rest are static with small upwards movement of around one percent on the day. The top twenty is a little more mixed with more red creeping in. Zcash is also up 2.2% trading at $120 right now but the rest have moved less than a percentage point in either direction. Interest in altcoins is at rock bottom this month. Today’s big pump is BAT which has jumped 16% to $0.240 on the day. A new Brave browser release with BAT integrated for tipping websites was launched a couple of days ago which is driving momentum now. Trade volume has quadrupled from $6 to $24 million, over 60% of which is on Binance. New Brave desktop browser available for download at https://t.co/4wVWi8TElt. This latest milestone on our way to 1.0 is Chromium-based, has 22% faster load time than our previous Muon-based version, & unveils Brave Rewards beta (previously Brave Payments). https://t.co/Zppx5mUZzN pic.twitter.com/RZ5tLm9QDr — Brave Software (@brave) October 18, 2018 Basic Attention Token has made 33% since this time last Saturday and is also up over 50% on the month. Digitex Futures is also in pump mode, adding 15% to its price levels over the past 24 hours and Aeternity is looking strong with a 10% gain. Getting the red end of the digital stick is Polymath, as yesterday’s pump predictably dumps today. POLY has dropped 11% of its previous gains in this tired pattern of ups and downs. Komodo is also shedding some today with a 7% decline. Total crypto market capitalization has not moved since Friday morning and is still at $208 billion. The daily lows are getting shallower though so it could get back over $210 billion during Euro and US trading today. Since last weekend markets have climbed 3.5% but they are still very flat. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Market Update: A New Brave Browser Boosts BAT appeared first on NewsBTC.

2 months ago

Polymath Soars As STO Excitement Over tZero Peaks

Polymath (POLY) tokens surged as much as 20% in value during Thursday’s trading as markets reacted to the news tZero has issued its security tokens to investors. In a price surge reminiscent of the December bull-run, POLY is currently trading at $0.22. The tokens peaked at around 14:00 BST when the market cap surpassed $70m: just shy of $0.25 per individual coin. The price declined in the past four hours. The POLY market cap stood at $64m at press time, $6m below where it had been earlier that same day. Polymath first started to rise last night, when coins spiked from $0.20 to over $0.24 within an hour. Although the price quickly corrected, tokens began to rise steadily throughout the evening and into Thursday morning. tZero token sale This initial spike followed news on Tuesday that tZero, a blockchain-based subsidiary of the internet retailer Overstock, had issued its security tokens. Sold during a security token offering (STO), between December and early August, investors with a signed agreement for future equity (SAFE) were issued with the tokens as early as last Friday. Although the tokens have now been issued, holders still won’t be able to touch them. To be fully compliant with the Securities and Exchange Commission (SEC), security tokens need to be locked down for a full 90 days before they can be released, and then only to accredited investors. Normal investors will have to wait until early August 2019 - exactly a year after the token sale - before they can take their holdings. STO v. ICO The security token was an unfamiliar concept, this time last year. The ICO was king; raking in projects millions of dollars in the blink of an eye, sometimes literally in the case of the Basic Attention Token (BAT) sale. The market has changed since then. Investors became aware utility tokens didn’t confer much in the way of rights or responsibilities. The countless investors that took part in the Tezos (XTZ) sale - which raised nearly $240m for the project - had to chew their fingernails for nearly a year before they could access their tokens. Many promptly sold, unsurprisingly. The ICO ecosystem has also been dogged by regulatory uncertainty. The SEC has suggested that they may represent unlicensed security token sales. Ripple is in court in California, battling allegations that the ICO for the XRP token was really a security sale. Polymath Price Security tokens solve some of the issues that plague ICOs. Being backed by a tangible asset gives them more security than the vague promise of future utility. STOs are also already regulated, protecting investors from bad actors and outright scams. Polymath and tZero have sometimes been called the ‘Starsky and Hutch’ of the security token world; the two formed a partnership at the beginning of the year. As a security token platform, Polymath provided tZero with advice throughout their STO. It announced in September it would host the STO for a new real estate project, based on the blockchain. Investors are excited by the prospect of security tokens but there are still too few around. Existing actors, like Polymath and tZero, will likely benefit from each other’s good coverage until such time as the market expands and matures. It’s easy for investors to still lump all of the projects associated with security tokens together. This will change. A safe bet? Who knows. It might be a secure bet... Disclaimer: The author is not invested in any cryptocurrency or token mentioned in this article, but holds investments in other digital assets. The post Polymath Soars As STO Excitement Over tZero Peaks appeared first on Crypto Briefing.

2 months ago

Polymath Partners with Netcoins, a Crypto OTC Provider

Polymath, a security token platform, has partnered with Netcoins to provide over-the-counter cryptocurrency trading for security token issuers on Polymath’s platform. Polymath has been quickly positioning itself as one of the top platforms for tokenized securities. Compliant security tokens soon tradeable Recently, Polymath announced that they would be working alongside Netcoins, allowing OTC transactions globally for the Polymath platform. Netcoins is currently operating crypto transactions in 21,000+ retail locations in Canada, Europe, and Austrailia. The partnership hopes to bring liquidity to Polymath’s platform and give the tokenized security industry much-needed exposure. Polymath is a decentralized platform that aims to make it easy to create compliant tokenized securities. Polymath’s goal is ultimately to bring the multi-trillion dollar financial securities industry to the blockchain space by streamlining the entire process. Now, OTC trading through a collaboration with Netcoins means that the Polymath platform will soon have a gateway for fiat. Polymath CEO Trevor Koverko commented on the announcement saying: “Netcoins will provide top-quality OTC trading services to Polymath issuers which is huge for us... many issuers want the ability to convert some or all of the cryptocurrency they raise into fiat, and we are pleased to provide issuers a direct line to Netcoins.” The CEO of Netcoins, Mark Binns, likewise commented on the announcement by emphasizing that Netcoins will bring liquidity to the Polymath platforms. “We have complimentary services that can benefit both of our organizations,” he said. Polymath has been active the last few months in their partnerships, expansion, and visibility. They are developing their own token standard, the ST20, a KYC-compliant open source standard. ST20 tokens can only be held by investors who are authorized. Polymath effectively is providing the cryptocurrency space with an entirely new infrastructure for tokenized securities. Polymath’s vision is best captured by Graeme Moore’s recent statement that “security tokens will become the default method used for financial securities.” Polymath’s recent partnership with Netcoins is working towards this future. Have any thoughts on Polymath’s recent partnership? Do we need an ST20 standard? Leave your thoughts in the comments. Image courtesy of Bitcoin Exchange Guide. The post Polymath Partners with Netcoins, a Crypto OTC Provider appeared first on The Tokenist.

2 months ago

NEM Partners with VNX Exchange to Develop Security Token Protocol

NEM and the VNX trading platform have announced a partnership that looks to develop a new security token protocol and bridge the gap between the crypto economy and traditional financing firms. The focus of the partnership will be on creating and funding a new wave of security tokens based on the NEM blockchain. The VNX exchange specializes in venture capital and focuses on Fintech companies, with over 10,000 startups funded yearly. This new securities protocol will compete with current protocols released by Polymath, Securrency, and Harbor (JF)

2 months ago

Blocktrade.com Partners with Neufund to Host Security Tokens

The facility for security token trading known as Blocktrade.com has announced a partnership with the end-to-end security token issuer Neufund that will see the Blocktrade ecosystem become a secondary market for security tokens tokenized by Neufund, which includes blockchain-based investment assets into existing financial markets. Neufund enables companies to tokenized equity in a legally binding form of Equity Tokens, thus enabling them to list them on secondary markets, like the one offered by Blocktrade.com. Blocktrade.com has similar partnerships with Polymath, Securitize and Own. (JF)

2 months ago

Blocktrade.com to host security tokens of issuance platform Neufund

Blocktrade.com, a facility for security token trading today announced a partnership with Neufund, an end-to-end primary issuance platform for security tokens. This agreement follows previous primary market partnerships of Blocktrade.com with Polymath, Securitize and Own. Neufund’s set......

2 months ago

Polymath's Open Source Developer Community Lead, Charles St....

Polymath's Open Source Developer Community Lead, Charles St. Louis, on Polymath, security tokens, and how to contri... https://t.co/saxgDsqDGL...

3 months ago

"We’ve got the right people around the table and the Polymat...

"We’ve got the right people around the table and the Polymath team has been asking all the right questions."- Dave... https://t.co/cvhh1w5JiJ...

3 months ago

Polymath Partners with BlockEstate to Create a Real Estate Security Token

Polymath, creator of the first securities token platform, recently announced a partnership with the tokenized Real Estate fund BlockEstate in effort to create the BlockEstate Alpha Token (BEAT). The BEAT token will be one of the first security tokens issued in real estate representing fund share ownership for token holders, and will utilize Polymath’s Security Token Standard Protocol, ST-20, which has legal and regulatory requirements built into the smart contract code, making the token creation process easier and legally compliant. Current plans are to list the BEAT token on the OpenFinance Network (OFN). (JF)

3 months ago

Polymath CEO Believes Security Tokens Will Replace ICOs

Trevor Koverko, the CEO of polymath believes that ICOs are slowly dying because of the growing number of scams, and it is evident by numbers. Most ICOs in the past couple of months have failed even to secure the minimum investment. Koverko believes security tokens are set to replace ICOs. Polymath itself is a platform to create security tokens and Koverko is set to gain from it if his predictions are true. Security tokens are harder to issue, and a lot more expensive. Polymath (POLY) is currently priced at $0.14509, losing 0.59% in the last 24 hours. (VS)

3 months ago

Blockchain Startup Raises $102 Million From Polychain Capital And Mr Horowitz

Blockchain startup DFINITY has raised $102 Million to build a decentralized network to run ‘mega-applications.’ DFINITY has raised nearly $200 Million in the last three years. Polychain Capital, Mr. Horowitz, SV Angel, Aspect Ventures, Village Global, Multicoin Capital, Scalar Capital and Amino Capital, KR1, among others, participated in the latest round.DFINITY claims to run software computations in just 5 seconds. (VS)

3 months ago

Dfinity Receives Funds of $102 million for its Project, World Computer

Fortune Reported that A16Z and Polychain Capital raised $102 million funds for Dfinity's world computer project. Dfinity mentioned the project is meant to reduce the monopoly presented by several computer players. It believes the projects will "remake the computing industry." In a blog post, it mentioned its decentralized computing vision reduces monopoly, cloud-based services that are costly and middleware. Additionally, while it does all that, it allows for the creation of dApps and open-source programs. Dominic Williams, the founder of Dfinity, said academic institutions and startups would drive the adoption of computers in the world rather than corporations. (KE)

3 months ago

MyCrypto Ethereum Wallet Raises $4 Million

Popular Ethereum wallet MyCrypto, which rebranded from MyEtherWallet has just raised $4 Million in Series A. The round was led by Polychain Capital, and included other investors like Boost VC Fund 3 LP, ShapeShift, Ausum Blockchain Fund LP, Mainframe founder Mick Hagen, Coefficient Ventures partner Chance Du, early Dropbox employee Albert Ni and Earn co-founder Lily Liu. MyCrypto is hoping to use the funds for improving user experience and attract new customers. (VS)

3 months ago

Daily Berminal Brief (8/30/18): Bitcoin Falls Below $7,000 And Crypto Trading Soars In Venezeuala

The State Of The Market: After finding stability above $7,000 for a couple of days, Bitcoin has fallen below that mark once again. Bitcoin (BTC) is currently priced at $6,865.42, losing 3.29% in the last 24 hours. With Bitcoin's price falling, the entire market is bearish. More than 90% of the top 100 cryptocurrencies are in red right now. The market cap has also fallen from $233 Billion to $221 Billion, losing $12 Billion in the last 24 hours. Ethereum is currently priced at $278.93, losing 5.48% of its value. 1) Bitcoin trading has reached an all-time high of 500,000,000 Bolivars per week in Venezuela. Due to rampant hyperinflation, Venezuelans are now using cryptocurrencies for their basic necessities like food and water. Bitcoin trading has increased by more than 250% in August. However, the government is now preparing to clamp down on cryptocurrencies by forcing all banking institutions to disclose IP addresses from people who access their banking info from outside the country. 2) Danial Shin, the founder of $1.4 Billion South Korean startup Unicorn TMON has revealed that he has raised $32 Million in a seed round to create a stablecoin called Terra. The seed round includes notable investors like Binance, Polychain Capital, FBG Capital, Hashed, 1kx, Kenetic Capital, Arrington XRP, and more. The company will form a 'Terra alliance' with its partners, which include retailers like Woowa Brothers, Qoo10, Carousell, Pomelo, and TIKI. Terra partners combined, make $25 Billion in sales and 40 Million customers. On its investment, Ella Zhang, head of Binance Labs said they chose to invest in Tera because they already have a working and strong go-to-market strategy and usage. 3) Decentralized ad-free video platform BitTube is suing Google for delisting their application from PlayStore without giving a clear reason. Initially, the app was banned citing nudity. The BitTube team worked tirelessly to filter out explicit content from showing up on the app. However, Google denied their application once again. Frustrated with Google's non-transparent process, BitTube is taking Google to court. After EU's antitrust case which resulted in a $5 Billion fine, BitTube is hoping that Google would change its policies and be more transparent.

3 months ago

Blockchain Cloud Computing Startup DFINITY Raises $105 Million

US-based DFINITY has just closed a new funding round of $105 Million. Investors in the current round include Andreessen Horowitz and Polychain Capital. Both firms previously participated in DFINITY's $61 Million round in February. DFINITY has raised a total of $200 Million to date after it was started in 2015. Investors are hoping that DFINITY would become a critical piece of the future technology stack. (VS)

3 months ago

Dfinity Raises Over $100 Million Toward Creation of Blockchain Supercomputer

Dfinity, a blockchain startup, has raised over $102 million in investments. The financing round was led by Andreessen Horowitz. The funding also came from various companies including Aspect Ventures, Village Global, SV Angel and Polychain. The startup is building a blockchain-based supercomputer. The public decentralized cloud computing resource is expected to disrupt the computing industry. The startup has also invited miners interested in their project to visit their mining portal. (SK)

3 months ago

Binance Participates Startup's $32 Million Seed Round To Create Stablecoin

Danial Shin, the founder of $1.4 Billion South Korean startup Unicorn TMON (Ticket Monster) has revealed that he has raised $32 Million in a seed round to create a stablecoin called Terra. The seed round includes notable investors like Binance, Polychain Capital, FBG Capital, Hashed, 1kx, Kenetic Capital, Arrington XRP, and more. Terra has already partnered with multiple partners which combined take in $25 Billion in sales and 40 Million customers. The company will form a 'Terra alliance' with its partners, which include Woowa Brothers, Qoo10, Carousell, Pomelo, and TIKI. On its investment, Ella Zhang, head of Binance Labs said they chose to invest in Tera because they already have a working and strong go-to-market strategy and usage. (VS)

3 months ago

News courtesy of berminal.com
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