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On 19th March, SFC website posted that the Securities and Futures Commission of Hong Kong has halted the Black Cell Technology’s ICO (Initial Coin Offering) because the offering is constituted as an unregistered CIS (Collective Investment Scheme).

Now the investors of Hong Kong must have to be refunded by the Black Cell for their investments in the tokens. This would support “Krops,” which is a mobile application and a marketplace that lists the agricultural products. At the same time, many warnings have been issued by SFC for companies before, however, today is the very first intervention of shutting down ICO technologies in Hong Kong.

ico technologies

Black Cell to Its Investors

Black Cell promoted the ICO on its website by enlightening their investors that their investment would be considered as funding and will be used for the development of Krops mobile application. Black Cell also told the investors that the token holders would have the rights equivalent to the Black Cell.

In January 2018, a cease-and-desist order was filed by the Philippines SEC (Securities and Exchange Commission) against four different companies that were linked with Krops and Black Cell as well as for offering Krops token in the form of securities.

Why Black Cell was targeted?

Black Cell was specifically targeted because their token provides a return for token holders. That was the move which labelled the token as a potential security. There’s no doubt that their other projects have been more abstruse in their approach but on the other hand, it avoided direct regulatory involvement. Even with the authorities making their approach clear towards ICOs, the question still remains the same that for how long that autonomy will continue.

Jay Clayton Views

The U.S. SEC (Securities and Exchange Commission) is taking a hard line on the ICOs following the securities laws. Jay Clayton, head of SEC has recently noted that all the ICOs that he has seen need to be considered as security and added, that they should be registered with the Securities and Exchange Commission before they are sold to the investors of US.

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The theory behind a Bitcoin transaction

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Everyone on the network is aware of the word “transaction” but, does anyone ever wonder how bitcoin works?

A Bitcoin transaction may sound simple but it’s actually very complex. In this article, we’ll be outlining how this process takes place and what are its key steps.

Both your Bitcoin wallet address and Bitcoin network must go through series of steps to ensure that the right amount reaches the recipient.

To begin with, it’s important to understand that a bitcoin isn’t a single record of a coin but it’s actually registered as a transaction, that consists of three parts- a transaction input, transaction output and an amount.

  • Transaction input- This is the bitcoin address from which the money is sent.
  • Transaction output- The bitcoin address to which the money is sent.
  • Amount- The amount of bitcoins sent.

theory behind a Bitcoin transaction

When someone sends bitcoins to you, the address they used to send them to you is registered as the transaction input on the bitcoin blockchain, and your address as the transaction input.

When you send those bitcoins onto someone else, your wallet creates a transaction output which is the address of the person who is receiving the coins. That transaction is then registered on the bitcoin network as the transaction input.

With the help of this system, people can trace transactions back to when bitcoin was first born. This creates a completely transparent system in which all the transactions can be viewed at any time.

How can you send bitcoins?

To send bitcoins, you require two things- a bitcoin address and a private key.

A bitcoin wallet address is generated at random and is simply a sequence of letters and numbers.

A private key is another sequence of numbers and letters, but this cannot be disclosed to anyone else.

theory behind a Bitcoin transaction

This infographic explains how bitcoins can be sent.

Are there transaction fees?

Certain bitcoin wallet address allow you to set your own transaction fees. Any portion of a transaction that isn’t traced or picked up by the recipient is the transaction fees. This goes to the miners to solve the transaction block as an extra reward.

Why should I wait for my transaction to clear?

Your transactions are verified by miners and there is a set block time of 10 minutes. So, you might be told to wait until they are done mining.

You can view all the transactions in a block chain with a hex editor. A block chain browser is a site where every transaction in the blockchain can be viewed in human readable terms.  If you want to make your activities on the bitcoin network more opaque, you’d have to not use the same bitcoin address repeatedly and avoid sending large amounts of bitcoins to a single bitcoin address.

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What Are Some Different Ways to Trade Bitcoin?

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Different Ways to Trade Bitcoin

Bitcoin is a computerized currency which is produced through mining. Mining is a procedure that includes understanding and solving complex algorithms using a PC. Once that complicated algorithm is decoded, then a single block can deliver around 50 bitcoins.

The time it takes to decode a single block greatly relies on the services of the miner as well as the processing power of CPU. Since the procedure of mining is long and frantic, many people want to purchase Bitcoin on the web.

Trading Bitcoin is most likely the quickest and simplest approach to make money through Bitcoin. The estimated value of the currency varies so much on the daily basis that it has become a primary investment option for traders. The currency is super exciting due to the fact that nobody knows how high or low Bitcoin can go.

Safe Approaches to Trade Bitcoin:

Here we are going to demonstrate the safest approaches to trade bitcoins. Read carefully best Bitcoin trading platform.

There are many ways to make money through Bitcoin trading. Much the same as stock markets, Bitcoin trading includes purchasing coins at low cost and selling them when the cost has gone up. To begin trading, you have to set up an online account with a consistent trading site and then store your assets into that account. When your account has been effectively verified, you will then need to closely observe the trading market for a chance to make a profit through purchasing and selling bitcoins.

Depending on the amount, the Bitcoin exchanges will charge you a specific rate for each transaction. You will also have the option to convert your local money into Bitcoin and vice versa. In any case, you should remember that Bitcoin is highly unstable. If you are not well-informed with the price trends, you may end up losing a considerable amount of cash.

A usual Bitcoin trading procedure includes four easy steps. The steps are:

  • Making an exchange account and filling it up with currency. The currency will be later used to make your first Bitcoin purchase.
  • Creating multiple accounts with the different exchange as it will help you eliminate the risk of theft in the event your primary account crashes.
  • Choosing an exchanging methodology: There are a few different methods to exchange bitcoins such as informal investment, swipe trading or becoming an investor that sits tight and hold on until the market stabilizes. Make sure you go with the option that suits you best.
  • Once you have done it all, wait until the market offers the right opportunity to make money.

These are some ways that can help you keep your bitcoins from theft and make secure trades. Good luck with your venture.

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Good News: Bitcoin Price Bounces Back to $8,000

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After such a tenacious week of downward slides, the cryptocurrency market, and the price of bitcoin are once again firmly growing. The price of bitcoin is currently trading above the $8,000 mark.

Over the last 24 hours, bitcoin has leaped by 10%. Bitcoin dropped to a low of $6,000 early on Tuesday and now finally we’re seeing a subsequent recovery in the value of the world’s first cryptocurrency at $8,114 right now. It is also said that the Bitcoin price could be set to bounce back to its $10,000 mark this year.

On Tuesday, the US Senate hearing raised the possibility of cryptocurrency regulations and this rise has become a subject of discussion for many.  As it was publicly broadcasted, so it’s been a part discussion, since Jay Clayton, who’s a chairman of SEC (Securities and Exchange), and J. Christopher Giancarlo, who’s a chairman of CFTC (Commodities Futures Trading Commission) testified on their intent to emphasis supervisory efforts on Initial Coin Offering (ICOs) and regulations of cryptocurrency exchanges at federal level, as they were completely opposing the current state-level laws.

Aptly, the testimony is seen as a progress by the cryptocurrency community, as it won’t detriment the cryptocurrency markets. However, the remarks that were offered at the hearing eventually demonstrated quite emboldening in a way that regulatory analysis wouldn’t deter the blockchain technology or the development of other cryptocurrencies.

bitcoin price bounce back

Chairman of CFTC Christopher Giancarlo took another step to enlighten the committee by highlighting the complex nature of the blockchain technology and said, that it’s really important to remember that there’d be no blockchain if there was no Bitcoin!

The combined market cap is currently trading at $382 billion, after it hit a low of $275 billion on Tuesday, and the cryptocurrency market is also showing a lot of intervals with substantial double-digit gains as the cryptocurrency market cap dropped below the $400 billion mark recently, and even bitcoin itself fell below $6,000, before its price started to bounce back. The cryptocurrency market made a strong comeback, as US regulators specified that they’ll take a vigilant approach to cryptocurrency regulations.

Right now, some experts predict that the price of bitcoin will hit $50,000 soon and the markets could also hit $1 trillion this year. CEO of Outlier Ventures Jamie Burke, noted that such amazing price upsurges, that the cryptocurrency market had seen last year could be surpassed this year. He said he believes that the market is expected to hit a trillion-dollar mark after February.

 

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Latest Bitcoin Price Technical Analysis- Adjacent Resistance Zone:

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Bitcoin rate has been frequently consolidating due to the absence of main market catalysts so far.

Bitcoin Price Main Highlights:

  • Bitcoin price has cut lower highs and higher lows, generating a symmetrical three-way relationship on its 1-hour chart.
  • Price just rebounded off support and is due for a test or trial of resistance around $2600.
  • Technical measures are demonstrating that the resistance is more to be expected to hold rather than breakdown.

 

Technical Indicators Signals:

The 100 SMA is under the longer-term 200SMA so the route of minimum resistance is to the downside. The 200 SMA is adjacent to the three-way relation (triangle) resistance, providing it strength as a ceiling.  If it holds, alternative step to support at the $2500 area possibly will take place.

Market Influences:

Bitcoin value has been getting a benefit of dollar weakness just as financial data has been approaching in below expectation. Some degree of profit-taking is initial to kick in top up to the weekend, end of month, and quarter.

The digital-currency is also shrugging off damaging updates from the past in the month when stockholder Mark Cuban warned that bitcoin might be in a bubble and a Goldman Sachs expert also gave a bearish analysis. It should also be distinguished that some of Bitcoin exchanges experienced outages because of trading activity and high levels of traffic.

The mentality of people also tends to affect most of Bitcoin and digital currency arrangements as a huge amount of it is based on demand and speculation. It can involve another durable positive catalyst to produce constant rallies again. By this way, there is still a potential downside for Bitcoin value, specifically since risk-craving has been recurring to the financial markets. Commodities and stocks appear key for a bounce when uncertainties decrease. But, of course, there is also a possibility that geopolitical hazards might shore up another asset as Bitcoin once again in the end half of the year.

 

Image and Story Credit: www.newsbtc.com

 

 

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How to Find Out If an ICO Is Worth Your Time or Not?

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If you want 2018 to be the most profitable year for you, then it’s time to make some smart investments, as advantageous opportunities are still there waiting for you. Technology gets advanced real-quick, so you make an investment in something promising like ICOs. But which one is the best ICO to invest in? Well, it’s obligatory to choose an ICO launched by a reliable company that means business; or else, you might have to cope with a thwarting experience that might even daunt you from investing anymore.

Best ico invest

Future Development

  • It’s imperative to know the nature of a business, which starts by evaluating whether the ICO has been created by a trustworthy company or not.
  • New tokens must have a connection with the business model of the company.
  • It’s important to know the purpose of the token as well as its worth for the firm.
  • Apart from going for a well-organized business with a robust plan, the investor must comprehend the feasibility of the financial and economic model behind the ICO.
  • The platform must explain the post-ICO strategy clearly as well as its future development.
  • Nevertheless, funds that are raised through ICO should have an evident purpose.
  • The top ICO is the one that describes all the targets and objectives that the business is ready to accomplish in the future.

Ability of Team

  • Stay away from ICOs that run anonymously.
  • An ICO website should have each and every detail about the team.
  • A hard-working team will showcase the abilities of members through their project.

ICOs have become a huge hit for investors, and the technology behind them is extremely complicated.

 

Implementation

Scrutinize not only the business idea but also the possible long-term operation. Many ICOs seem great on paper, however, the idea behind them is unrealistic. Also, make sure that the project has a robust and feasible idea behind it.

ICO Scalability

A business that doesn’t have any aim to scale will not go so far; showing a lack of perception from the team and the circumstance of having no goal in mind. Deprived of any target, it will be quite easy for the whole project to ultimately fail.

ICO Transparency

  • You should have complete access to information before you deposit even a single penny.
  • If you hardly understand what ICO all about is and find no communication means to find out more, don’t invest in it.
  • The whitepaper signifies the idea and mission statement that explains the business and how investments are going to be used.
  • It must encompass enough details for investors and the platform should be mainly substantial as well – offering easy access to inclusive materials about the activity of the company.

 

Presence of Social Media Platforms

  • Online presence matters a lot. The company behind the ICO has to be active on social media networks including; Facebook and Twitter.
  • The blog posts and social media accounts must also contain educational content so that investors can get informed related to the current state of the cryptocurrency market.

 

 

Project Phase

  • Developers that don’t have enough experience can turn your investment into an anarchy. So, do not take a chance of investing in ICOs that are launched by inexpert individuals.
  • Consequently, the best option is to stick to an ICO that is developed by a company that has a strong position and is stable on the market.

 

Soft Cap and Hard Cap

  • Pay attention to the soft and hard caps of the ICO.
  • Make sure to take a long look at the roadmap, submitted by the company as portion of their whitepaper and ensure that the hard cap makes sense.

 

Tokens Management

  • The token distribution structure should not errand the developers. This could also specify that the intention of team is to increase their own financial gains whenever the value of token will upsurge.

According to a recent report, 204 ICOs were analyzed with known-outcome and the data shows that ICOs created an average ROI of 1,320%.

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