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Back in 2017, a boom in ICO creation was seen as hundreds of companies that were formed on the Blockchain with its attached digital currency were born in the form of an investable token. SEC (Securities and Exchange Commission) already had a closer look at the ICOs token and has declared them securities in most cases. Not every token that is being developed off the Blockchain should have that quality that directs it to be categorized as securities. Only a few other types of tokens are available that can be built off the Blockchain and one of them are utility tokens.

Although there are more than two types of tokens, it’s still essential to improve these two types, as they can be used in defining a new token that comes through an ICO- the security and utility token. To understand the divergence between these two tokens, a direction can be selected by ICO that can work better for them.

utility tokens

What is Security Token?

If a value of crypto-token originates from an external tradable asset, it is categorized as a security token. If we look at the DAO tokens from 2016, it was declared by SEC that ICO tokens might be a subject to federal securities laws. ICO tokens never meant to be securities, but the chairman of SEC, Jay Clayton, noted that every ICO token that SEC has seen so far is considered as security and clarified, that if a crypto-asset that is allotted by a company upsurges in worth over time, depending on the company’s performance, it is also considered as security.

What is Utility Token?

Utility tokens are another style of tokens that serve a role in various cases where there’s a requirement of the security token. A utility token represents the future access to a service or a product of the company. The characteristic that defines the utility tokens is that they’re not intended for investments. If they’re properly organized, then this characteristic frees utility tokens from federal laws governing securities.

You can also say that utility tokens are the coupons for the company. It’s basically a token that is different from the typical ICO token that is being used by many at this time. Despite the fact that it’s not perfect for every company, there are still many examples where utility tokens have a great place against the security tokens.

Should you choose utility over security?

Many companies rely on the “securities” but still, there are many companies that will not do the same. There is a collection of multiple types of utility tokens as each of them has different features that could include the needs of ICO. So, it’s really important to split the tokens into fungible or non-fungible.

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Japan to Have One of the Largest Bitcoin Mines in the World

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Presently, a Japanese conglomerate, DMM, had announced the launch of a Virtual Currency Division, which will construct a DMM mining farm. This mining farm is supposed to be the largest in Japan and among the top 10 largest mining pools of the world.

DMM is famous for its e-commerce domain that offers all sorts of e-books, robots and let’s not forget the regular 27 million users.  The company is hoping that their DMM Mining Farm makes the top 10 list of mining pools by 2018.

The cryptocurrency market might be a little shaky in China, but Japan is all in for the digital era. Indeed, Japan is also credible for the global success of cryptocurrency.

 

News Credits: techjuice.pk

Image Credits: bitcoinmining.com

Tags: Best bitcoin miner, japan bitcoin, 

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Bitcoin Crash Reasons: Once Again as The Bitcoin Drops Below $9,000

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Most of the cryptocurrencies in the cryptocurrency market have fallen by more than 16% and the market has experienced another major correction as the bitcoin price has dropped by 14%.

The price of Bitcoin has dropped below $9,000 and is currently trading at $8,704. Many investors are now wondering about the bitcoin crash reasons.

The major cryptocurrencies like Bitcoin Cash, Stellar, Ripple and Cardano have also dropped by 12-16%. Analysts have shown their concern towards Ripple because it fell below the $1 mark for the second time in two weeks.

Bitcoin Crash Reasons

For many bitcoin investors, the mark of $10,000 is a psychological threshold. Similarly, the $1 mark indicates the same threshold for XRP or Ripple investors. We can clearly see that Ripple’s price has recovered after dropping below $1, whereas the XRP’s price has fallen below $1 twice within the past 2 weeks.

Other cryptocurrencies are also struggling to show signs of short-term recovery. Cardano and Bitcoin Cash have remained constant for weeks and have continued to maintain their positions as the 4th and 5th most valued cryptocurrencies in the market. In the past week, these two cryptocurrencies have dropped significantly, while the other cryptocurrencies have moved in the same trend. Over the last 24 hours, many major cryptocurrencies have suffered losses and also, there’s been a decline in the value of many virtual currencies.

The whole cryptocurrency market has fallen by almost $120 billion and the previous month had been a slump for the cryptocurrency market. Even after the major corrections, the market usually records gains in the mid-term, often on a monthly basis but based on the momentum indicators, daily trading volume, and overall interest, it looks dubious that we’d see a rise in the cryptocurrency market by a large margin in the short-term.

Well, it is a feasible period for many newcomers to enter the cryptocurrency market, but on the other hand, it is not actually the best time to invest in the market. Investment in the market would be an option if it shows some signs of recovery in the short-term, but at this time, the most important thing is to expand the assets and minimize the risks.

What Triggered the Crash?

We’ve seen that the cryptocurrency market was hit with a series of developments and negative news. Even some regions are still struggling to recover from trading ban FUD that was started by the government of South Korean and now, the Indian government.

The cryptocurrency market was typically composed of casula investors and speculators, who’ve been keeping their eyes on the short-term profits. However, the speculators left the market after the slump in the price of most cryptocurrencies. So apparently, the market needs to struggle in order to recover.

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Facts about bitcoin

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This is a time of bitcoin. This year interest in virtual currency increases as compared to last year. In this article, I will discuss the main bitcoin facts which are the cause of increasing interest in virtual currency. Let’s move toward the discussion.

A brief about bitcoin

Transactions are made without a middle authority. Which means, no banks! No need of heavy fees for transactions. No need for central authority’s order to confirm the transaction and you are allowed to do transactions anonymously. This is the secure and legal way of transactions. Because the transaction is verified by the proper channel named blockchain. Who keeps the records of transaction and verify them through proper ways. Bitcoin is pretty much like cash for the Internet. Read  article if you want to know about the Bitcoin

Current value of the bitcoin

Today, 2 June 2017, bitcoin’s value is $2466.48. As you see the increasing behavior of the bitcoin value. Accordingly, Bitcoin has captured the everyone’s attention.

Whereas, today’s open, high and low is,

Meanwhile, you know the current status of the bitcoin. Want to know about the market value of the bitcoin. and price analysis of bitcoin

Decentralize the middle person

While we are going to deal with currency, we don’t like the third person’s interference. The security we need during our transaction, bitcoin provide the same. The third person in the transaction is not allowed even third is a government. Bitcoin transaction process doesn’t allow any person’s interference. Furthermore, you are free to do transaction anonymously without third person’s interference.

Check and balance   

When you have completed your transactions, you can check the details. Copy them or save them where ever you want.  https://bitref.com/ here, you can check the details of your transactions.

Do study with bitcoin

You have a wish to go back to the university life and you have just bitcoin. Don’t get panic. Bitcoin technology and its followers allow you to pay the fee in bitcoins. New Yorker University of The King’s College accepts the Bitcoin as the fee of your semester.

However, this is the initiative steps in universities. The University of Cumbria in the UK, the University of Nicosia in Cyprus is also planning a degree in digital currencies for students.

64% part of the bitcoin on blockchain  

A few years back, bitcoin’s rate was $1 for 1309BTC less than $0.00076 per BTC. Meanwhile, the price is very low. But, time change, Bitcoin asserts itself and easily acceptable everywhere. Let’s have an example, you get 393,225BTC by paying $300 at that time. Now, you are going to sell them and cost of BTC is $2,226.08. You will have the enormous wealth of $875,350,308.

A study by California University,

There is a huge history of bitcoin user’s. Who lost the private keys and unable to use bitcoin. Here are two examples of the accounts, still they don’t do any transactions.

1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF: this address was created on 1st March 2011 and now 2017. In addition, 75,957 bitcoins have been not using still.

12tkqA9xSoowkzoERHMWNKsTey55YEBqkv: this was created on 5th March 2010, and still no progress or spent bitcoins from 28,150.

Computing power is higher   

Bitcoin computing power is 2 046 364 Pflop/s. whereas, 500 supercomputer’s computing power is 274 Pflop/s.  you can see the difference of power computing networks. However, Bitcoin users are not performing fluctuating processes. But, only numeral calculus. How can we proceed? It is simple, infect,

A hash is equal to 6.35K numeral actions

A numeral action is equal to 2 variable fact actions, whereas,

A hash will be equal to 12.7K variable fact actions

So, if we use the rate of one hash that is the 12.7K flop, and analyze it with the network is 161 131 086 gh/s, we get the approximation of 10^9*161131086 H/s * 12700 = 2 046 364,7922 Petaflops.

Too much computing power, this power can b utilize during modelization process.

114-million-dollar transaction

A transaction which shows the transaction of 114 million dollars or more. Accordingly, an effective rate of the time. Transaction is,

How created bitcoin

Bitcoin acceptance is worldwide. People use it, spent it for their daily needs, means it has a worth. How created the bitcoin? its answer is still a mystery. Few names have surfaced the financial platforms like Craig Steven Wright. Know about Craig Steven

Total number of bitcoin

We all know the limited amount of Bitcoin supply is 21 million.  Which will never exceed this amount. Whereas, bitcoin users are continually mining the Bitcoins. It is a rough estimation that 14 million bitcoins are mined. Accordingly, two-third bitcoins are mined. In addition, it is a prediction that the last bitcoin will be mined in 2040. Which clearly means that we still have an option of mining. But unfortunately, due to a high demand of coin decreases the supply.

Black Friday bitcoin sale  

You are able to buy bitcoin for cash. On the day of Black Friday, you are allowing to buy bitcoin and then spend it in different ways. How to shop with bitcoin, you can read the article.

Physical Bitcoin

Few users + lovers of the bitcoins introduce the physical bitcoins. They are doing heavy working behind these projects. Fortunately, they have code redeemable for digital currency. Read physical bitcoins

Leaders called it scary  

When few sites like Mt. Gox hacked in 2011, a developer Gavin Andresen states on his personal blog.

“I’ve said it before, and I’ll say it again: Bitcoin is an experiment. Treat it like you would a promising Internet start-up company: maybe it will change the world, but realize that investing your money or time in new ideas is always risky,” courtesy of http://gavinthink.blogspot.com/2011/06/that-which-does-not-kill-us-makes-us.html

No inherent no set values

Luckily, another fact of the bitcoin is, bitcoin has unique or unstable values. Whereas, no other currency support bitcoin inherited its values. Bitcoin values are changing, depends on the services.

Losing wallet

When you are losing your wallet, forget about your bitcoins. because it will never come back to you again. So, keep the complete security of your wallets. It is a scary fact that people forget or lose their wallets of the bitcoin.

Bitcoin vs Gold

Bitcoin’s value crosses the gold’s value. Isn’t insane???

Yes, Bitcoin crosses the gold’s value. Read the article about bitcoin vs gold,

Few other facts of the Bitcoin are,

 

Conclusion

Above all are a few facts of the bitcoin. Some of them are scary, few are interesting and other are insane.

Goodluck!

 

 

 

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Finance Minister, Wopke Hoekstra Demands ICO Regulations

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On Thursday, a letter was issued to parliament by Dutch finance minister, Wopke Hoekstra, to encourage a global approach to cryptocurrency regulation. The main focus of Hoekstra is on new consumer protections and to start it up, he wants to have a dialogue with credit card companies about potentially introducing stronger protections for those people who prefer to buy cryptocurrency with their credit cards.

According to Hoekstra, by the end of 2019, all local exchange platforms, plus, the cryptocurrency regulation and services would deceptively get registered with the government and should be also obeying their customers necessities. The finance minister also proposed some new regulations in the letter, that could also be helpful in protecting the ICOs (initial coin offering) contributors.

cryptocurrency regulation

Hoekstra highlighted;

“It is being investigated whether investors in ICOs can become just as good protected as investors with a normal IPO or bond issue. The current framework is not sufficient for this.”

In the past, particularly in ICOs, some issues were highlighted by the regulators, making these proposals more noteworthy. Last November, a statement was released by AFM (Authority for Financial Markets) of Netherlands, which is a Dutch version of U.S. SEC (Securities and Exchange Commission) and referred the ICO market to a dangerous-cocktail. Linked with these statements, a ban was proposed by Hoekstra that’d forbid marketing of risky financial products to random customers.

Moreover, Hoekstra also promised to work in the European Union with other countries as well and encourage collective research to discover the market’s cross-border nature. Yet, Hoekstra specified that even inside the Netherlands, more work is required for updating the laws of the country to account for cryptocurrencies and more erratic activities around it.

 

As in the letter Hoekstra wrote;

“The current supervisory framework and instruments are insufficiently tailored to cryptocurrency,”

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Bogus Company Registers to Exploit Telegram’s mega ICO

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On 28th February, Telegram Open Network Limited was registered in Britain under the name Pavel Durov (the founder of Telegram). Telegram is a chat app, which has almost 200 million monthly users and is a commonly used platform for both ICO teams and investors, so that they can interact with each other.

telegram ico news

 

 

 

 

 

 

 

 

 

 

According to the latest telegram ICO news, the new crypto-project of the company has raised a huge amount of $1.7 billion in funding for its token sale, up to now, and will be providing services such as:

  • File storage
  • Private VPN
  • Encrypted browsing platforms
  • Services for decentralized apps
  • Decentralized browsing
  • Micropayments
  • P2P payment capabilities

Crypto Scam Alert

The company, Telegram Open Network appears to have been formed in an exertion to divert funds away from the legitimate project and it would have accomplished, if the scam didn’t expose. Their legal registration as a company could’ve legalized the project in the front of genuine investors, however, the project recently grabbed the attention of Telegram. A tweet was posted on 6th April, which revealed that it was entirely unrelated to the official project. According to this tweet by Telegram Open Network Limited, the company wasn’t linked to Durov and cited numerous red flags that raised incredulity in register document.

$1.13 Billion In Paid-Up Capital

Telegram Open Network has claimed to have $1.13 billion in paid-up capital in their registeration, and this is something which elevated uncertainties. Seemingly, the process of registration for British companies isn’t as severe as it might be anticipated however, applicants are expected to confirm their own details without actual oversight, and the procedure can be finished online for under $20 at Companies House.

Low Barriers to Entry

Even with difficulties for startups, the company’s registration can allow scammers to play away from the victims, especially from those who are searching for the legitimate registration without examining the details. Last week, the Telegram’s ICO made almost $850 million. Various investors have already earned a lot by flicking their tokens before the sale went public. With demand for a place in this enormous ICO success, it is not hard to envision how the bogus company could’ve deceived genuine investors who were eager to contribute to the action.

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