fbpx
admin
0 comment

The Emergence of Ethereum…

Cryptocurrencies, or “digital coins”, enable the instant transfer of money by means of electronic networks. These currencies may be used for the purchase of physical commodities, but they are also increasingly used for transactions across the Internet. There are many cryptocurrencies available on the market, with two of the most renowned hitting the headlines on a daily basis – Ethereum and Bitcoin. While nobody actually “owns” Ethereum, the technology is supported and managed by means of a distributed network. This coding platform is necessary to drive the cryptocurrency, providing a pathway for the decentralized applications that run on the system. Like running a bank account, Ether owners hold their funds in virtual accounts that they can transfer to other Ether owners. Each transaction contains its own set of rules, or “smart contract” that enables a user to transfer any asset without recourse to an agent or intermediary. A good analogy is to think of a vending machine. Put a token in the slot and select the snack you want to buy without the requirement of using a shopkeeper, on identifying payment the vending machine is then programmed to release the requested snack. Smart contracts not only specify how a transaction is performed, but they also impose those rules using “blockchain” principles. Blockchaining is the process whereby all users of the network monitor and approve the transactions made by all other..

Read More
0 comment

Top 4 Most Evolutionary…

Initial Coin Offerings (ICO’s), the cryptocurrency version of an IPO, are increasingly becoming a popular way for new cryptocurrency projects to raise funds. With cryptocurrencies disrupting something as entrenched and fundamental as currency use, the interest is even more fevered. Add to that, the current proliferation of new cryptocurrencies for every conceivable market segment, and you have some exciting and groundbreaking ICO’s to come to market. Following the lead of Ethereum, which sought to address specific shortcomings of current currencies and legal transactions, new cryptocurrency projects are sprouting up which are also looking to provide innovative solutions to transaction problems. Below are a few of the more interesting and exciting ICO’s that were brought to market. Golem Golem was one of the more successful ICO’s of 2016, raising $8.6 million in its first few hours. Golems website explains that it is a “global, open sourced, decentralized supercomputer that anyone can access” creating a shared decentralized P2P network, which it dubs “the worldwide supercomputer”. Using the GNT tokens and the blockchain, this technology looks to change how the internet and computing is shared in the future. Chronobank.io Chronobank is another blockchain project that raised over £2 million by the end of 2016. It is a platform for the recruitment industry, offering the ability to purchase or sell labor and services. It describes itself as the Uber of HR, recruitment and the finance industry. The..

Read More
0 comment

Part 1 -On the…

We’ve all heard a lot about cryptocurrencies in the news and throughout social media. With its basis as a currency created in cyber reality, it sounds like the stuff that conspiracy theorists thrive off. Yet, while the myths abound on cryptocurrencies, we’re here to bust them all one by one. Conspiracy theorists, eat your heart out! Myth #1: Bitcoin is a Ponzi scheme There are endless stories in the press about the rapid value increase of Bitcoin which has made its creators and early investors extremely rich in a very short time. Yet rapid growth is a characteristic that is seen with many trading instruments, particularly shares that suddenly find their way on the market, think Apple or Google. Contrary to a Ponzi scheme, that involves a fraudulent investment operation, there is no central operation when it comes to cryptocurrency, there is no one at the center who monitors and controls its value. So, unlike most other instruments it truly represents the free market as its value is purely dependent on its network of buyers. Often compared to the infamous tulip mania event where in the Netherlands during the 17th century the tulip flower which was widely considered a scarce collectible, rapidly increased in value with its price jumping several thousand percent in the course of months. Many, believing that fortunes could be sealed in the flower, sold their homes for..

Read More
0 comment

Like leverage and trade…

ESMA is rolling out significant changes for forex trading in the European Union. What are the regulations? How will they impact trading? How can I prepare?  This article aims to answer all these questions and more.  What it is all about and what we think about it What are the regulations in general? The new regulations impose limits on leverage for various assets (30:1 is the top tier), ban binary options and bonuses, require transparency and negative balance protection measures from brokers and more. More details are below. What do we think about these significant changes? Francesc Riverola, the Founder and President of FXStreet, says that while some brokers fear a drop in profitability in European accounts, this regulation may be a step forward in making forex an asset class and points to the Japanese forex industry which has successfully weathered leverage restrictions. “The new regulations will help distinguish between three types of brokers: the big brands offering multi-market financial instruments, the forex brokers that are experts in marketing and conversion, and the offshore ones,” says Riverola. “The ESMA rules will help brokers focus on their audiences and traders pick the right broker for them. So far, it was sometimes not too easy to see a clear distinction between the three types.” What is ESMA? The European Securities Markets Authority is known for its involvement in the debt crisis, but it..

Read More
0 comment

Fundamental Traits of a…

Prior to starting off on a trading journey, it is crucial to recognize how to take advantage of your strengths to leverage challenges and become a successful and productive trader. For a strategic trader, having ambitions and high standards plays an important role in obtaining high focus and precision when observing the markets in order to identify and concentrate on opportunities that will generate return on investment. To master strategic trading, you must first possess three essential qualities: You have a fast ability to see patterns and can cultivate a vision that will allow you to benefit from arising opportunities. You’re an intellectual and eager learner. Your analytical thinking grants you the ability to easily comprehend the concept of trading and its systems. You don’t rely on good luck, instead your decision-making processes comprise of logic and analysis. As noted previously, strategic traders learn to leverage their strengths and challenges. To illustrate exactly what we mean, we’d like to include here a quote by Paul Tudor Jones, “I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have.” Those traders that have a logical mindset find it difficult to determine when their emotions are starting to have a negative impact on their trading campaign. It is advised to take notice of this point especially when planning and developing a..

Read More
0 comment

MiFID 2.1 – How…

Brexit, the official withdrawal of the United Kingdom from the European Union, kicked off on March 29, 2017, with two years set to “B-Day” on March 29, 2019. Over 50% of the British public voted to leave the EU in a referendum with a turnout exceeding 72%. But could this move affect the financial markets in Europe? There were hardly any smiles on European faces when the UK decided to extricate itself from the European Union. Indeed, when you think that just under 50% of the British electorate were also against the idea, then you would probably be quite amazed that the divorce is going ahead. But it is, and with less than one year until the official separation, there are more questions around than answers. One key uncertainty is the effect that Brexit will have on both European and British financial markets. Traditionally joined at the hip, the financial exchanges of the UK, France, Germany, and Spain have traded in each other’s pockets for years, and the idea of a forced separation seemed quite unlikely. But the divorce is going ahead and at full steam. The real issue is that nobody, most of all the Brits, even know what a post-Brexit Europe will look like. Talk of customs unions and soft and hard borders fill the news, but it is far from clear what this all means. When it..

Read More
0 comment

Can cryptos can cause…

With forex volatility so low and so much excitement about bitcoin and other altcoins, quite a few forex brokers have offered trading in these new and shiny cryptocurrencies. Brokers are responding to demand and by allowing trading on digital coins, they can attract new clients. Yet these clients may not necessarily be the ones that brokers will make money from. They do not trade but only buy and wait for the price to rise and rise before selling. And that’s it. A one-sided market makes it hard to make a market. Market-makers are on the other side of almost all bitcoin trades. And what about ECN / STP brokers? How do you pass the bitcoin buy orders to a liquidity provider if nobody is willing to do that? The hot potato remains in the hands of the broker. We have seen a pre-Christmas crypto-crash that provided lots of volatility and two-sided action. This is good news. If this continues, some will go short, some will go long, and high volatility will provide the excitement that is missing from regular currency trading in recent years. Yet in the meantime, it is those brave brokers in trouble. According to  by Andrew Saks-McLeod of Finance Feeds, it is quite deep trouble for one broker, emphasis mine: In one case, a well known retail brokerage which has a less than clean copybook in terms of due diligence when onboarding..

Read More
0 comment

The end of DDoS?…

Blockchain technology is currently being hailed as, well, many things. In any given day you might see it called a disruptor or the future of financial transactions or the answer to data storage and digital identity issues or the technology that will finally put an end to DDoS attacks. New technologies are never a stranger to massive hype, and the digital landscape is littered with technologies that failed to reach their lofty expectations, and yet, blockchain is looking like it could very well be the real deal and might just become all of the above. Before it can become the answer to the widespread and devastating DDoS attack problem, however, there are a few blockchain cybersecurity issues that need to be addressed. Blockchain basics At its core, blockchain is an ever-growing ledger that records transactions. Each transaction’s data is housed in a so-called block and secured via cryptography. Each block also contains a timestamp as well as a cryptographic hash of the content of the block that came before it. This cryptographic hash is what connects each block to the previous block, creating a chain. Ergo, blockchain. This technology offers a few important benefits over standard transaction technology. Firstly, it eliminates the middleman. If Alexis in Idaho wants to transfer ten Bitcoins to Ashik in Bangladesh, she doesn’t have to go to Western Union or call her bank or consult..

Read More
0 comment

Part 2-Bitcoin Myths busted

Following on from , we continue to bust some of the most prolific myths surrounding the emerging development of cryptocurrencies. Myth #5: Cryptocurrency is only a currency Actually, cryptocurrency at its most basic level is a form of technology that allows applications to be developed, while it does have some characteristics of a currency, its potential can take it far beyond that. The cryptographic based math problems that comprise a bitcoin are a series of algorithms that enable cryptocurrency to function as a public ledger. This comprehensive public ledger records transactions going in and out of the network at rapid speeds with a time stamp. The ongoing reliability of the ledger is crucial, if the ledger were to stop working, be changed or altered in any way, even for just a few moments, the entire block-chain could collapse. The immunity of the ledger from possible interruption or adaptation gives greater potential value as a system that records masses of data with a time stamp. Other industries that could benefit from such a comprehensive public ledger, include home and car titles, stocks and bonds, notary public documents, voting, registration of domain names and copyrights or patents.    Myth #6: Cryptocurrencies have no intrinsic value A major myth undermining the value of cryptocurrencies is the perception that it has no inherent value. In order for any currency to have value, it must meet the..

Read More
0 comment

Are Cryptos Ready for…

Cryptocurrencies (aka Cryptos) are quickly turning into a global phenomenon. While the concept is still fairly new to most people, crypto exchanges are becoming hugely popular, all with their hard-to-resist offerings. However enticing, it is still difficult to know how crypto exchanges are defined and treated by regulators. Is cryptocurrency a currency or a piece of software? Is it an equity? If so, should it be regulated? And if this happens, are crypto exchanges ready to meet the demands of regulators? The World of Cryptocurrency Crypto exchanges are nothing like the exchanges we know. They are like retail websites built with payment systems and CRMs. In crypto exchanges, lines seemed to be blurred between margin trading and physical trading. Cryptos are new and so many expect these platforms to operate faster, to have immediate settlements, and all without any risk involved. Unfortunately, they don’t work that way. For instance, Bitcoin operates on a public ledger, called the block-chain, to record transactions. The block-chain confirms to the rest of the network that transactions have taken place. While transactions may be recorded fast, they will not be considered valid until miners have come up with a proof of work. With the growing popularity of Bitcoin, its public block-chain continues to grow bigger while only allowing a certain amount of data. As this happens, transaction validation could take anywhere from 10 minutes to..

Read More