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June 28, 2018

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Crypto Market Commentary

The Good

  • Half of Bithumb hack has been recovered
  • Binance investing in Africa
  • South Korean Financial Services Commission (FSC) released new crypto exchange AML guidelines, signifying further legitimacy for the space

The Bad

  • Regulatory crackdown on crypto exchanges continues in Japan
  • Bitcoin breaks below $6,000 and market reacts negatively

The Ugly

  • Silk Road’s Ross Ulbricht denied review of prison life sentence by SCOTUS

Markets Drifting Lower As Bitcoin Once Again Drops Below $6,000

Market Needs To Find Footing Soon

 

 

 

Bitcoin once again dropped below $6,000 today as the market showed few signs of reversing this bear trend.

One observation we can make is that Bitcoin has weathered the storm better than any other large cap, with it’s losses at -20% for the 30 day chart while everything else in the top 10 is below -25%.

As we can see, Bitcoin’s market dominance rises in periods of adversity and drops in times of elation.

No other crypto asset commands the market’s attention or direction so much as Bitcoin, and for the time being, it’s here to stay as crypto’s future is uncertain.

 

One thing that has certainly improved since the end of 2017 and Bitcoin’s sharp drop in dominance is that Bitcoin has less of the scaling issues it was facing in December.

 

In fact, today someone sent 300 Million USD in Bitcoin while only paying a fee of 0.004 USD.

So what’s changed?

 

Bitcoin’s recent upgrades included implementation of full SegWit support in user interfaces, allowing for wider adoption of optimization. Coinbase and Bitfinex added Segwit support shortly afterwards.

Here’s four graphs that should tell you everything you need to know: Average transaction fee, block size, mempool size, and segwit usage.

Meanwhile the 2nd layer, off-chain scaling proposal for Bitcoin, Lightning Network, continues to improve and grow:


So what does this all mean? Essentially, the usage of the Bitcoin network is way down from December, but also the capacity and speed has been increased, which means Bitcoin is running better than it has in a long time. It’s still not totally optimal, but the entirety of the crypto space is dealing with the issue of scalability, so it’s not a problem solely faced by Bitcoin alone.

 

Currently, LN only accepts transactions of the equivalent of 0.03 USD or less, but the whole intention of LN is to allow Bitcoin to process millions of these “micropayments” per second.

 

Meanwhile today we learned that the Bithumb hack has already begun to see a resolution.

Bithumb lowered the estimated stolen money from around $31 million to $17 million. While still very serious, this means that nearly half of the stolen funds have been recovered, and as we discussed all affected users have been compensated already.

Meanwhile rival exchange Binance will launch a crypto-fiat exchange in Uganda, with plans to expand to more African markets. Binance CEO Changpeng Zhao stated that opening more fiat channels will help to promote more growth in the industry.

 

Last, we learned that the US Federal Bureau of Investigation (FBI) currently has 130 open cases related to virtual currency. This comes after the US House Of Representatives passed a bill earlier this week specifically targeting illicit activities facilitated with cryptocurrencies. Many of the cases the FBi is reviewing have more to do with what people are doing with cryptocurrencies rather than any objections to the currencies themselves.

 

In fact, the FBI finds cryptocurrencies preferable to fiat as they are easier to track, but privacy-focused coins do present a hindrance to investigations, highlighting a possible point of contention in the future.

 

Overall, we see this as a week that had several interesting pieces of news, but without much price action, we can hear the collective market wondering when crypto will truly emerge from its long hibernation. Time will tell.

If you were not able to join us for last Wednesday night’s “Ten Steps to Building Your Portfolio” webinar, the replay is available here.

We’ve started to produce episodes for The ReadySetCrypto Podcast; episode one and two are listed below (and on iTunes) and episode three is now available. Episode Three covers the Five Stages of the Crypto Bear Market and might help give you some perspective on these painful times…it’s just a phase that all markets go through.. Look for more episodes shortly as we comb the crypto space for valuable interviews, and create valuable content to keep you in the loop!

See you tomorrow.

New to Cryptocurrencies? Check out our archived classes “Intro to Cryptocurrency Trading”, “How to Find Your Next Big Cryptocurrency: Intro to Fundamental Analysis,” Mav’s  class on “Security and Wallets” and Doc’s classes, “Introduction to Technical Analysis” and “Short Term Trading Strategies” which are now all available for immediate purchase in our Store, and seconds away from viewing in the Premium Member’s Home. View more about them at our online store by CLICKING HERE.

 

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Offense – Adding Trades

Offensive Actions for the next trading day: 

  • None.

Defense – Managing Risk

Defensive Actions for the next trading day: 

  • None.

Current Portfolio

https://docs.google.com/spreadsheets/d/1Tv_zMZDRm0uJlxxG3_YBIAiGT7vAOE_AUAwQyiRKP5c/edit?usp=sharing  

Desired Holdings

  How to read this portfolio: Please click on the Chart Key tab above for definitions and color codes. The colors correspond to our 7 categories in the graphic below.

Tier 4

ZIL

IAM

FT

DATA

ELEC

None.

Tier 2

MOD

 Tier 3

REQ

SUB

LINK

NANO

KNC

Tier 4

BNTY

TAU

WISH

PHR

LOCI

XBY

ELA

ECC

POE

HPB

BIX

EVE

XVG

NULS

DNA

How to read this portfolio: Ticker: Contains the ticker code for the coin. You can search this ticker in Coinmarketcap to learn more about the coin. The color denotes the risk tier by our evaluation. Dark Red = T1, Dark Green = T2, Dark Blue = T3, Light Blue = T4 (Colors in the Ticker column do not interact with the colors in the other columns) Cost Basis = Our average purchase price for this coin. Current price = The average price of the coin based on the exchanges it is listed on. Strategy = What we plan to do with this coin. Staking is receiving dividends for that coin. Master node is also staking, but with a higher return rate for having a (large) number of that coin. Stop = Our exit point, if it exists What do the colors mean? The colors in the ticker column represent the risk profile of that coin. The colors in the other columns reflect what sector(s) that coin belongs to. Some coins belong to multiple sectors, which is indicated by multiple colors. The colors correspond to our 7 categories in the graphic below

 

Tier 1 coins are those coins which we have considerable assets invested, are firm believers in the project direction and execution, and have very little reason to sell within short to mid term. These are coins which we risk evaluated to be very solid, and have a high probability of existence duration.   

NEO

NEO ($NEO) is classified as a Dividend and Platform coin. As our largest holding, we believe NEO has the potential to become a dominant smart contract and DApp platform in 2018. It’s four most compelling features are:

  • An innovative consensus algorithm which will allow for greater TPS (transactions per second) over its competitors.
  • A dividend structure for holders, incentivizing coin retention and network stability / diversity.
  • SE Asia location, enabling NEO to break into markets more easily than competitors.
  • Agnostic smart contract language, allowing for smart contract developers to use existing mainstream programming languages, which allows for cheaper smart contract implementation as compared to Ethereum who’s proprietary smart contract language, Solidity, can be a barrier to integration.

NEO is best acquired through Binance. Storing NEO on the Binance exchange will result in a GAS distribution once a month on the first. We recommend the NEON wallet for safe storage. GAS will be distributed on the NEON wallet daily.  

WaltonChain

WaltonChain ($WTC) is classified as a Dividend and Utility coin. Waltonchain is on the cutting edge of using RFID hardware to enable supply chain management 2.0. We believe Walton has the potential to become a dominant IoT blockchain solution Waltonchain is the only truly decentralized platform combining blockchain with the Internet of Things (IoT) via patent pending RFID (Radio Frequency Identification) technology. The custom RFID chips are able to digitally sign and verify transactions at the integrated circuit level, automatically and instantly reading and writing data to the chain without human intervention. This unique implementation of blockchain + IoT facilitates the true interconnection of all things in the real world with the virtual world, creating a genuine, trustworthy and traceable business ecosystem with complete data sharing and absolute information transparency. Walton has two major competitive advantages:

  • A recently confirmed (to be signed) partnership with China Mobile’s IoT Alliance. China Mobile is the largest mobile telecommunications service in the world as well as the world’s largest mobile phone operator by total number of subscribers. Walton’s Management system is set to be implemented through mobile communication networks, and China Mobile is the largest one. Waltonchain is positioning themselves to be the single connector of the entire Internet of Things initiative put forward by the China Mobile IoT Alliance.
  • They implement the blockchain through the RFIDs at the foundational layer. Their technology is patent-pending and gives Waltonchain a solid claim as the only blockchain that connects the physical world with the virtual world with truly reliable data. This is because all other IoT solutions tag items through API, and this means all the data is first passed through a centralized intermediate, a potential point of vulnerability.

Ethereum

Ethereum ($ETH) is an open blockchain Platform that lets anyone build and use decentralized applications that run on blockchain technology. Like Bitcoin, no one controls or owns Ethereum – it is an open-source project built by many people around the world. But unlike the Bitcoin protocol, Ethereum was designed to be adaptable and flexible. It is easy to create new applications on the Ethereum platform, and with the Homestead release, it is now safe for anyone to use those applications.

OmiseGO

OmiseGO ($OMG) is classified as a Dividend and Utility coin. OmiseGO is a Southeast Asia-based company creating an e-wallet that will make transfer of assets and currencies possible. Merchants and users of the wallet can transfer whatever asset or currency they desire. For example, you could use your ethereum, bitcoin, international fiat, or even your airline points to buy groceries using the e-wallet app on your mobile phone. Transfers can happen across borders, or even while traveling abroad. Unlike Western Union or PayPal for example, the fees are almost negligible, and the transfer is instant. Because it’s based on a blockchain, there are no intermediary banks necessary and users don’t need bank accounts to access those funds. This is especially good for migrant workers who send money home and often don’t have bank accounts and are forced to use expensive wire services instead.

 

Tier 2 coins are those coins which have performed extremely well, we have a large amount of assets with, and we believe will continue to operate with high marks. What separates these coins from our Tier 1 status is a flaw or they haven’t yet proven their defining feature, though we believe they will.

NAVCoin

NAVcoin ($NAV) is a Privacy coin with upcoming Platform features. NAVcoin has been around for 3 years. It is not minable, instead being based on a Proof of Stake system in which stakers earn 5% annual returns. Theoretically this means there could be 5% inflation on the supply, however, that would require every coin holder to stake, so likely there will be very marginal inflation between 1 and 3% year over year. It is a currency originally based off of Bitcoin version 0.13, which should tell you it’s got a good foundation from which to build its feature set. Being based off Bitcoin, it currently is a method of transaction, with notable upgrades in the form of Segwit (with possible lightning network integration in the future) and 30 transaction times with extremely marginal fees. That’s great but a lot of coins have that going for them, so thankfully we’re just getting started with the real interesting pieces of NAV. The first and currently only implemented feature, NavTech is a unique dual blockchain technology. Essentially, NAV runs on these two blockchains in order to completely disconnect the sending wallet (your wallet), to the receiving wallet (where the money is getting sent). Think of it like a VPN, NavTech completely strips the sender’s details so the transaction is completely anonymous. The anonymous transaction space has really gotten big lately, with Monero’s recent price action and Ethereum’s implementation of ZKSnarks being two big examples that come to mind.Moving on to the roadmap, there are two big upcoming features for NAV:

  • The first is Polymorph, which is a really cool blend of Nav’s anonymous transactions and Changeally’s instant exchange. What this means is that, for example, I wanted to pay someone in Bitcoin but I wanted to do it anonymously. Polymorph would take my bitcoin, turn it into navcoin in order to be processed and sent anonymously using the Navtech dual blockchain, then turned back into bitcoin at the to be sent to the receiving wallet. This will certainly set NAV apart, as it guarantees anonymous transaction for all of the coins on changeally. This is huge for exposure, and a great opportunity for NAVcoin to gain trust, which is absolutely critical anonymous transaction coins.  
  • The second big upcoming feature is ADApps, or Anonymized Decentralized Apps. This is also a huge potential win for Nav as there is already a huge amount of interest in the crypto space surrounding Dapps, such as Ethereum and Omni. Adding in the anonymous layer would attract projects that would value the anonymity. Nav is still in the planning stages for this project so it could still be awhile before it comes to fruition, but we should see the whitepaper for it soon, and if they could be first to market with ADapps that could prove to be a killer feature for them as it would give them first access to the interested demographics.

Ripple

Ripple ($XRP) is a real-time Payment protocol for anything of value. It’s a shared public database, with a built-in distributed currency exchange, that operates as the worlds first universal translator for money. Ripple is currency agnostic and has a foreign exchange component built right into the protocol. Ripple acts as a pathfinding algorithm to find the best route for a dollar to become a euro or airline miles to become Bitcoin. It will look at all the orders in the global order book. The case for XRP comes down to the following: 1) Payment systems work best with bridge assets to focus liquidity. 2) There are good reasons to expect a cryptocurrency to be the most popular bridge asset. 3) There are good reasons to expect that cryptocurrency to be XRP.

  • Open, decentralized payments will have lots and lots of assets, including national currencies of all kinds and cryptos. A significant fraction of payments will be among assets that aren’t the most popular. Using intermediary assets to settle those payments concentrates liquidity and reduces spreads.
  • National currencies are always tied to jurisdictions and can’t be universal. Systems built around them will never be as open and inclusive as systems that aren’t.
  • XRP settles faster than any other major crypto. It higher transaction rates than other major cryptos. It is beat by others only by the amount of liquidity available today. And, most importantly, XRP has a company that is devoted to making sure XRP succeeds for this specific use case.

 

Tier 3 coins are those coins which we have moderate investments and we believe have a possibility of high performance in the future, but as of yet have not shown enough performance to reduce their risk profile. Tier 3 coins are coins which are moderately risky, but due to our risk analysis of the project and team we believe have minimal chance of failure.  
Tier 4 coins are coins which we have minimal stake in and are highly risky. These coins represent the outer fringe of our risk analysis, in that we have little information to work with, have little insight into the coin’s performance, and at the very best we are making an educated guess that they will be successful. If a coin performs well and proves that it has a commitment to its compelling feature, it will be moved to the Tier 3 status.  

ICON

Simply put, ICON ($ICX) is a massive scale blockchain Platform that allows

  • Decentralized Application (DAPPS) – Build DAPPS on ICON Platform like on Ethereum and NEO. Yes, soon, you will see ICOs happening on ICON platform for different DAPPS
  • Interchain (Interoperability with Blockchains) – Allows different blockchains connecting to one another through their protocol. ICON is fully compatible with traditional blockchains like Bitcoin and Ethereum and in future can bridge other public blockchains such as Qtum, NEO and many others to achieve their mission statement – “Hyperconnect the world”
  • Artificial Intelligence (AI) – Use of AI to ensure all nodes contributing to ICON Republic/platform are rewarded fairly and not to have certain powers over distribution policies. AI will continue to learn a variety of variables to determine optimal distribution policies and achieve complete decentralization.
  • Decentralized Exchange (DEX) – ICON will integrate different DEX protocols on their platform to facilitate exchange of ICX and other future ICON platform currencies. Bancor protocol will be their first DEX protocol when mainent launches this month end and Kyber and others will follow. Not just throwing Kyber’s name out there, it was confirmed they are working with each other, official partnership yet to be announced.

 

 

Fundamental Currency Research

In this section we’ll feature a daily ICO or new coin we think you should check out. Based on your country, you may not be able to participate in the ICO, but you will be able to trade the coin once it is listed on an exchange following its ICO (usually only a couple of weeks). ICOs are where a lot of money in crypto is made. Here’s proof.   That said, we should warn you: ICOs are highly risky endeavours and you need to mitigate any potential losses. Treat it as money you’ve lost the moment you contribute to the ICO. We are not responsible for the ICO’s performance. Today’s featured ICO / New Coin is:  

Daox

For flipping Good.

For long-term holding Good.

What is it? 

Fundraising DAOs play the role of advanced intermediaries between startups and their investors, protecting interests for both sides, and increasing the efficiency of the capital. They are like real world companies but instead of a legal body they have smart-contracts, instead of bank accounts they use cryptocurrencies, instead of shares there are tokens, and instead of the jurisdiction — a borderless blockchain network. One of the main principles of that protocol is that all the collected funds are stored in a DAO, instead of being at the disposal of a single individual (or group of individuals). The funds are released based on withdrawal proposals submitted by the startup team. If investors (DAO token holders) of a startup are satisfied with the way the project unfolds, they approve such requests. Each Fundraising DAO is modular. This means that its governance structure and functionality might be adjusted to the specific needs of each particular project. The whole process of building Fundraising DAOs and interaction with them is done in a user-friendly application called Daox Platform. Startups can build their DAOs, with its own ERC20 token and start an ICO in a matter of minutes. Besides that, there is a marketplace of services and tools that are integrated via the Daox Open API. Imagine hundreds of different services for startups and investors that are easily accessible in a few clicks. For instance, a project can apply for rating report, or media publishing, or bounty campaign, or start banner advertising, right from the Daox Platform interface. Daox Platform itself is not an intermediary, and it never has access to the funds. Each Fundraising DAO is completely independent, autonomous and only could be governed by its token holders. This makes the Daox a trustless solution. The DXC token enables all the interactions in the Daox ecosystem, provides access to the Daox Platform services and discounts. It has a built-in functionality to be easily integrated with third party services. Daox operates on the Ethereum blockchain network.

What is our verdict? 

What we like: Well organized marketing, a good approach to DAOs, MVP is decent.

What we don’t like: Many similar projects. Team feels weak comparatively.

PREICO 33 days ICO Starts in 34 days Token DXC PreICO Price 1 DXC = 0.20 USD Price 1 DXC = 0.000387 ETH Bonus Available Bounty Available MVP/Prototype Available Platform Ethereum Accepting ETH Soft cap 4,500,000 USD Hard cap 300,000,000 DXC Country UAE, Spain, Russia Whitelist/KYC KYC & Whitelist Restricted areas USA, Canada

Website: https://daox.org/

Whitepaper: https://daox.org/daox-whitepaper-eng.pdf

Tuesday 6/26

Wednesday 6/20

https://medium.com/helloiconworld/icx-token-swap-schedule-announcement-10238888a50d

[Token Swap process]

The ERC20 ICX tokens will be swapped to mainnet ICX coins with a 1:1 swap exchange rate (1 ERC20 ICX token = 1 mainnet ICX coin). Please be aware that once the token swap is made, you cannot convert them back to ERC20 ICX tokens.


Token Swap schedule

1. Exchanges: Deposit your ERC20 ICX tokens to the exchange until; – Binance: 2018.6.20 (09:00,UTC+9) (For details, click here) – Upbit: 2018.6.20 (22:00,UTC+9) (For details, click here) – Bithumb: 2018.6.21 (22:00,UTC+9)(For details, click here) 2. ICONex: You can swap your ERC20 ICX tokens to mainnet ICX coins using the token swap feature of ICONex starting from 2018.06.25(13:00,UTC+9) until 2018.09.25(13:00,UTC+9)

* Important notice

1. (As of June 18th) Only Binance, Upbit and Bithumb are the official exchanges that have agreed with ICON for the token swap support. Please beware of other exchanges or third-parties claiming that they support ICX token swap. The list of exchanges will be updated.

2. ERC20 ICX tokens must be received by the exchanges before their deadlines for the token swap to be made.

3. All ICX deposits and withdrawals from the exchanges will be suspended until the token swap process of the exchanges are finished. For details, please refer to the exchange announcements.


Token Swap procedure (Using Exchanges)

  1. Deposit your ERC20 ICX tokens to the exchange before 1) Binance: June 20th, 2018 (09:00,UTC+9) 2) Upbit: June 20th, 2018 (22:00,UTC+9) 3) Bithumb: June 21st, 2018 (22:00,UTC+9)
  2. The exchanges will automatically make the token swap process without any additional submission or waiting period.
  3. All ICX deposits and withdrawals from the exchanges will be suspended until the token swap process of the exchanges are finished.
  4. To find out more about the exchange schedules, please see the following 1) Binance: Official announcement 2) Upbit: Official announcement 3) Bithumb: Official announcement

Token Swap procedure (Using ICONex: Detailed guide – Click here)

ICONex Token Swap feature
  1. Create an ICONex ETH wallet and send your ERC20 ICX tokens to the ICONex ETH wallet (Guide to creating your wallet) * Please check you create an ICONex ETH wallet(address starts with “0x”)
  2. Add ICX custom token to activate the token swap feature.
  3. Follow the instructions and complete the token swap submission 1) Your ICONex ICX wallet will be created automatically and the same amount of ICX that you have swapped will be distributed to your ICX wallet. 2) You will need a small amount of ETH balance for the token swap.
  4. Mainnet ICX coins will be distributed once per day(except weekends). (Token swap submission available at all times)
  5. Token swap submission received before 09:00(UTC+9) will be processed and distributed on the same day at 18:00(UTC+9). Submission received after 09:00(UTC+9) will be processed the next day. (No distribution on weekends or holidays)

* Important notice

1. Mainnet ICX coins will only be available for trade in exchanges that support Mainnet ICX.

2. Mainnet ICX coins that are swapped using ICONex cannot be traded right away in Binance, Upbit and Bithumb as they will suspend ICX deposits during the exchanges’ token swap processing period. (ICONex token swap(25th) feature will be open after the exchange deposit deadline(20th~21st))

3. If you wish to trade your mainnet ICX coins without waiting, please use Binance, Upbit or Bithumb for the token swap.

Monday 6/18

Tuesday 6/5

We’ve expanded our WTC and XRP postions due to the news stories we discussed today. We see both of these as solid long-term plays with excellent horizons ahead.

Tuesday 5/29

Thursday 5/24

Please note that you need to register your EOS if you haven’t done so already. There’s several methods, and this website is a good starting point for information: https://eosauthority.com/genesis Probably the easiest method I’ve been pointing people to is using Exodus: https://support.exodus.io/article/690-how-do-i-register-my-eos-address-inside-exodus Hopefully, that should get you started! Alternatively, if you don’t feel like going through this you can just sell right before the mainnet launch and re-buy the new tokens afterwards. … We were recently asked if we’d invest in TRAC or EVE, two supply chain projects that are competing for realtively the same space. Without getting too deep into EVE vs. TRAC today, what you should instead be focused on is which one is best long term. If you can’t adequately make that determination, which is fair given they’re both very new, then there’s no shame in holding both. After all, I guarantee you if you go all-in on one of these projects, and the other takes off, it’s going to hurt a lot more than if you split your holdings and only received a bump in half your portfolio. I’d rather take a 50% shot over a 0% shot any day. When it comes down to it, I think they both have potential and it’s just too early to know which is better long-term. Having two competing projects, it’s wise to invest in both instead of trying to decide which is better. I’d advise anyone the same way if they asked me WTC vs. VEN, or NEO vs. ETH, or ICX vs. ARK, etc. This space is so immature that you’re playing to lose if you go all-in on one project. Diversify is the name of the game. We don’t currently own EVE as we feel the project has received a l9ot of attention recently and we’d like a better buy-in price.

Wednesday 5/23

We made a number of acquisitions today in response to a perceived market drop. Zilliqa: The practical byzantine fault tolerance algorithm (PBFT), which is used to establish consensus in blockchain systems, is only one of those potential solutions. Three examples of blockchains that rely on the PBFT for conses are Hyperledger, Stellar, and Ripple. Zilliqa will likely be the first blockchain with live on-chain transaction sharding, which gives them a high, near linearly increasing, throughput: 2488 tx/s in their internal testnet. Additionally, Zilliqa uses the smart contract language “Scilla”, which is similar to Solidity, but safer, e.g. things like the parity hack would’ve been prevented when using Scilla. Is it Ethereum with already implemented sharding? Like Ethereum, it is a blockchain on which you can run smart contracts. However, it is designed in such a way, that it is linearly scalable with the number of nodes of the network. I. e., the more Zilliqa nodes there are, the faster the blockchain gets. With the number of nodes Ethereum has at the moment Zilliqa would be able to process 15 000 tx/s! In the long-run they will focus on blockchain interoperability and privacy as well. The project that can break through VISA’s 24,000 TPS limit will certainly draw a lot of attention inside and outside of the crypto community. Are they near that objective or is it still theoritical? They are near their objective. As mentioned previously they had already 2488 tx/s in their internal testnet. This month the public testnet will be launched. The mainnet is due in Q3 of this year Streamr: From Coindesk: Blockchain data platform Streamr is partnering with Finnish telecom giant Nokia and California software company OSIsoft to allow mobile customers to monetize their user data and make purchases. Chief executive Henri Pihkala announced the partnerships at CoinDesk’s Consensus 2018 conference Wednesday, while also conducting a live launch of its real-time data marketplace, through which users can provide and subscribe to real-time data streams. He said in a statement that “today marks a hugely significant day in Streamr’s history, not only showcasing our platform to the world on-stage at Consensus but announcing two stellar partnerships.” The partnership with Nokia will see Nokia’s Kuha base stations integrate with Streamr’s data marketplace, allowing Nokia customers to both monetize their user data and purchase streams from Internet of Things devices. “We recognize a growing movement of empowered mobile customers who want to control and monetize their own data,” Nokia’s radio system evolution lead Martti Ylikoski, said in a statement, adding, “our partnership with Streamr reflects our firm belief in the platform.” Participants buy and sell real-time data streams through ethereum smart contracts. Buyers and sellers use an ERC-20 token called DATAcoin. The partnership with OSIsoft will see the firm’s enterprise customers gain the ability to earn money for their operations data. Ealier in May, Streamr announced another partnership, with Hewlett Packard Enterprise, to use the Streamr Engine – a data aggregator and analytics tool – to collect data feeds from an Audi Q2″ Bridge ProtocolBridge interfaces with NEO framework and allows users to manage, protect and utilize sensitive information in new ways. The Protocol offers a new standard for whitelists and allows participation in multiple ICOs. Bridge Certificates build trust so users can transact with confidence. Digital identity is a big part of why NEO will succeed in China, and Bridge or the THEKEY are potentially a big piece of that. Fabric Token: The Fabric Token (FT) ecosystem aims to empower individuals and businesses with easy access to blockchain technology and smart contracts by providing a bundle of user-friendly software. The products within the FT ecosystem will focus primarily on helping people of any background to create and deploy their decentralized application (DApp), without the specialized computer programming knowledge that they would usually need.

Tuesday 5/22

We exited our position in ELEC after we hit our stop loss. This was always a risky position as the Power Blockchain space is competitive and has a lot to prove over existing systems. We’ll consider re-entering this position as it continues to fall.

Tuesday 5/15

Norway-based registrar organization DNV GL has invested in blockchain startup VeChain. VeChain CEO Sunny Lu told CoinDesk that the companies would continue their partnership. “We are able to provide with VeChain a solution that balances safety and [speed],” Luca Crisciotti, chief executive of DNV, explained, adding: “Our mission is the ability to make sure that product is reaching the shelves, that it’s ultimately reaching the consumer … What we are providing to our customers is commitment.” Meanwhile, ICON also had a large partnership announcement today.

“Unchain will create a blockchain ecosystem fueled by a token economy, where the users are rewarded for their contributions to the network. DApp services discovered through ICON and Unblock, a subsidiary of LINE dedicated to blockchain research and to accelerate DApp projects, will be integrated with Unchain. This joint venture takes blockchain and decentralization another step closer to being a part of our everyday lives.” We found the following video to be a great summary of where we are with Blockchain today:

Monday 5/14

The Ontology Foundation and the NEO Foundation signed a memorandum of understanding on May 14th, 2018, concerning strategy and technology integration:

Whereas: Ontology is a distributed trust network that focuses on digital identity, data exchange and other trust collaboration scenarios. NEO is dedicated to realizing a distributed network that serves the smart economy. Both Ontology and NEO share a common technical understanding and vision, and both wish to promote blockchain technology and its applications.

Purpose: Ontology and NEO together provide compliance-ready, regulatable protocols to global developers. These protocols are supported by NeoVM with exceptional finality and a smart contract system with a robust and stable infrastructure-level network.

As such, the Ontology Foundation and the NEO Foundation have agreed to cooperate as follows:

Key Cooperation Areas

1. Ontology will provide digital identity, data exchange services and other customized services. NEO brings a mature and complete smart contract platform as well as distributed network infrastructure services to the table.

2. Smart Contracts: Ontology and NEO will work together to build a smart contract ecosystem, fully support the development and adoption of NeoVM and NeoContract, and collaborate on developing smart contract open standards.

3. Data Integration: Both parties will provide standardized technology interfaces (APIs, SDKs, etc.), and share and communicate development achievements and research results.

4. Cross-chain: Both parties will push forward with cross-chain research, with the eventual goal of producing integrable mainnets.

… We see this as an extremely promising step forward for both projects, and for the larger NEP5 ecosystem. The system of cooperation is one way this space moves forward, and we see NEO’s smart economy as a big part of that.

Technical Analysis Research

In today’s video I discussed potential swing trades on BTC/USD, XWC (WhiteCoin) and ODE (ODEM). Even a drop from here will not produce capitulation, however we’ll be closer. I’m expecting to see a pop in prices fairly soon with this much negativity and positive divergence.

 

Here are the recent swings that we’re tracking in the portfolio below; :

  • WTC/BTC – Long @ .00155980BTC (4/23). My target exit is at .002BTC.
  • ADA/BTC – Long @ .00003931BTC (5/1) My target exit is at .00005BTC.
  • ONT/BTC – long @ .0008905 (5/20) My target is .0013BTC.
  • BNB/BTC – long @ .001970 (6/5) I sold this position (6/17) at my target of .0025BTC for a 26% return.

Please keep in mind that if you want to follow these trades, I am using FIXED RISK POSITION SIZING. This means that I am using a fixed amount of risk capital that is based on my account size, like 2%. I am assuming that the trade will burn to the ground and that I will lose that entire capital position! Only in this manner can one effectively manage a position the way that you have to. If you’ve every checked your blockfolio nervously every 5 minutes when you’re underwater, this will prevent that.   I will track these positions in this area and not in the main portfolio section. I will use a public portfolio tool to do so, which you can access by clicking below:

Public Swing Portfolio Link

I hope you all got a chance to catch my webinar class last week; if not, the replay is available here.  If you missed my earlier webinar, “More Profits in 2018; Ten Ways to Chart Like a Pro.” then you can catch the replay here.   My new class “Introduction to Technical Analysis” is now available via our online store.

If you go to buy any of our courses at our online “store” you can receive $10 off the street price with your member’s “coupon code” of member18crypto..

We’ve started to do some swing trades on alts, tracked in the previous section. I am mostly focusing on the top 10-20 coins for now until we confirm that we’re back into an overall bull market.
I am doing the majority of my Technical Analysis work on TradingView and Coinigy, and I have a BitFinex app on both my iPad and Android smartphone. All of these charting platforms call a TradingView API. TradingView is the 800 lb. gorilla in the Crypto charting space until the “established” players want to make a go at Crypto, like Ninjatrader, Tradestation, eSignal, Sierra charts, etc. My sense is that TradingView has such a head start that it will be very difficult for the big boys to make a dent in this space for a while. Until that point, TradingView has almost a monopoly in this space. If you have a particular tool that you think is superior, please let me know.   You can access the BitFinex and TradingView platforms for free, however there are some paid features that you might want to consider depending on your needs, such as expanded watchlists, different study sets, account alerts, etc.

  Coinigy is a great tool for determining prices on each exchange, however I may not have access to the full suite of tools on TradingView charts. I am currently not using it as a front-end GUI for my exchanges, which it supports.I also use Blockfolio to give me a quick snapshot of my holdings, and find that it does an excellent job to aggregate all of my holdings into one easy-to-read snapshot of my cryptocurrencies, which are typically located in many different places.

 

I am also trialing the Profit Trailer and CryptoHopper trading apps which are working well in this choppy market.

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