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Alternate cryptocurrencies / Announcements (Altcoins) / Re: ⭐[ANN] [ICO] ONAM Exchange - Globalizing Seamless Trading Under One Platform⭐
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on: October 17, 2018, 05:35:29 PM
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Onam will be offering a crypto exchange platform that will suit every traders needs with a broad range of functions. The platform will not only feature traditional trading, but also components for OTC trading, margin trading, lending and more, hence the slogan "Globalizing Seamless Trading Under One Platform". If you want to learn more about the project, be sure to check out our overview of the project here! I must say nice overview. I was initially thinking this was a rating site until i opened the link and saw the brief review about onam. Good job Thank you! |
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Bitcoin / Press / [2018-10-14] - Crypto News of the Week – Week 40 & 41
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on: October 14, 2018, 09:55:31 AM
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Week 40 and 41 have been two stable weeks, at least until this Thursday, if we are to calculate in terms of price changes. Bitcoin initially kept a stable position between $ 6500 to $ 6650, something that is the same as in week 39. On Thursday, Bitcoin and the market went down from $ 6500 to $6300 and it remains at the same level today. The sentiment in the market seems to continue positively, as did at the end of week 39. Several market players have stated that they believe the bottom is either close or reached. In other words, the cryptos community can hope for a potentially bull-run in the near future. Should we look back in time, December has proved to be a good month for price growth for cryptographic exposures previously. One thing that is certain is that more and more news within blockchain and cryptocurrencies involves big and serious companies. News about agreements and general focus in the field is now much more central than pure price and project speculation. A healthy sign for the ecosystem! Here are some of the current news in the last two weeks, along with some good reading material. |
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Bitcoin / Press / [2018-10-08] Vitalik Buterin: The Story of the Genius Behind Ethereum
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on: October 09, 2018, 05:31:07 PM
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At the age of just 19, the Canadian-Russian teenager – Vitalik Buterin – created a crypto-empire. An empire consisting of the cryptocurrency Ethereum, which at the time of writing is the second largest cryptocurrency measured at market value, right in the heels of Bitcoin. A market value, which in December 2017 peaked at a market value of approximately $ 138 billion, resulting from an Ethereum price of over $1400 for one Ether. We give you the story of Vitalik Buterin; The story of a genius whose IQ is as big as Einstein’s IQ, if not larger. The story of a boy who did not play Lego as little, but preferred to play in – and explore the possibilities with Microsoft Excel. A teenager who, at the age of 19 years back in 2014, moved from the hometown of Toronto to Zug, Switzerland, to develop what we now know as Ethereum. And moreover, the story of an adult man in the early 20’s, who learned to understand and speak sensible mandarin in just 4 months. You can sense where we are heading. And it will be even wilder. We have gathered the threads of Vitalik Buterin’s life (so far) – and reproduced them to find out why and how he created the world’s second largest cryptocurrency; Ethereum. Read the full article here |
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Bitcoin / Press / Re: [2018-10-05] ICOshock - How Thailand effectively killed the local ICO market
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on: October 09, 2018, 04:37:35 PM
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I'm always reluctant to view these types of "draconian" measures as "bad" for crypto, especially when it comes to ICOs. In the first place, the ICO proliferation wasn't exactly good for the market, just take a look at >2k tokens floating about, inflating capitalization without offering any value other than their speculatory activities. Innovation hasn't exactly been the hallmark of ICOs; the significant development and deployment of tech and applications are still firmly in the arena of open source and non-ICO related projects.
Conducive to ICO doesn't automatically mean conducive for blockchain, and vice versa. Like veleten, I actually think these rules are good for weeding out the noise. Those that are serious about developing something useful will comply, or anyway have no such commercial interests that would qualify them for all these tax obligations. Those who've been focused on profit and running ICOs with impunity will be stopped in their tracks.
If anything, Thailand has killed the scam and vapourware economy. Good riddance.
I strongly disagree. This kind of regulation leaves ICO crowdfunding as an option that is only viable for multi-million businesses, in addition to removing the decentralized features. With this kind of regulation, the benefits of doing an ICO is gone, and the company might just as well do an IPO. |
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Bitcoin / Press / Re: [2018-10-05] ICOshock - How Thailand effectively killed the local ICO market
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on: October 06, 2018, 08:51:17 PM
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Approximately the same rules for ICO are being prepared now in Russia. There you also need to first have a certain amount in the bank, all calculations, including fundraising during the ICO, must pass through the bank and a special state structure will control the targeted use of funds collected during the ICO even after it ends. The rules are tough, but this will completely eliminate the possibility of fraud. There it will be impossible to run away with the collected funds, since they will be in the bank under the control of state bodies.
yup although it may seem that the rules in Thailand or Russia have killed the ICO market in reality it will get rid of all the useless , no-idea-behind semi scam ICO's that are only being created to run away with the money in this scenario it is much harder to run away with the money, at least you got to invest something upfront before creating an ICO thus, yeah this will pave the way to the legitimate ICOs (although the whole tokens/ico idea has been dragged into dirt so much that soon I will treat ICOs same way I treat HYIPs) won't do too much to protect the investors from the countries ,but at least if you see its a Thai ICO you can be more or less sure it is not your 100% scammy bs tokens without a substance Definitely some valid points you got there, with all the scam ICO's going around, it is totally understandable that governments want to control the industry by setting a regulatory standard. The problem though is that the strict regulation makes it pointless to do an ICO in the country, and thereby efficiently killing the market. With the current regulation, many of the benefits of ICO projects vanishes. |
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Bitcoin / Press / [2018-10-05] ICOshock - How Thailand effectively killed the local ICO market
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on: October 06, 2018, 12:37:24 PM
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Thailand is a beautiful country that is developing at a consistent rate. Unfortunately, the regulation is not beneficent for those who trade or use digital assets. This is real pity an otherwise open society (certainly for tourists) with a lot of bright minds has taken such draconian measures. First off, by trading digital assets in Thailand, you are bound to pay 20% withholding tax, 15% capital gains tax and 7% sales tax on every transaction. How Thailand effectively killed the ICO marketOn July 16 this year, the Thai SEC released a set of guidelines for ICO’s in the country. To be able to launch an ICO, you would have to adhere to the following guidelines: 1. Establish Local company with 51% minimum local ownership, capital paid of 5 million baht. 2. Apply for an ICO license through a yet to be formed entity called the ICO hub. 3. Prove capital paid up of 100 million baht. 4. Apply with the Thai SEC for permission, which may or may not be granted even after the above cost! If you went through the process and were lucky enough to get your company granted to hold an ICO, there are additional things that hinder success. 1. No direct capital contributions are allowed in neither fiat or crypto, all contributions must run through a licensed exchange which is subject to the above tax. 3. Retail investors are limited. Institutional investors are allowed, but all are subject to the above tax structure which efficiently hinders the majority from participating. Thailand, on the other hand, has an incredibly vibrant Blockchain and digital assets community, filled with super smart, innovative people and solutions. It’s a shame when regulators are without vision. Source: https://icoshock.com/thailand-ico-regulation/ |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔶 [ANN] Block66 - The Future of Mortgages on the Blockchain 🔶
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on: September 23, 2018, 07:21:57 PM
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Block66 is shaking up the mortgage industry by providing a fully transparent and comprehensive lending experience. The upcoming network is a matchmaker connecting borrowers with lenders. No longer will prospective homeowners be solely reliant upon local banks and credit unions. The mortgage industry has been ripe for disruption for years. After all, there’s been very little change in the industry for years, even with the financial crisis a decade ago. However, that’s set to change with the Block66 a project that is currently in its ICO phase. Learn more by reading ICOshock's overview of the project here: https://icoshock.com/block66-ico/ |
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Alternate cryptocurrencies / Tokens (Altcoins) / Re: KRIOS - INITIAL TOKEN OFFERING IS LIVE! www.krios.io
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on: September 12, 2018, 07:07:48 PM
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The comments above me do not make sense. All the users have been made in the past couple of days, their only posts are on the Krios thread.
Do not take these comment seriously; it seems like a low-effort shill attempt by the Krios team. Let's be reasonable here, why would three people suddenly create accounts in the same timespan just to praise Krios?
Krios: If you want to be transparent about your project and argument against the red flags people are noticing, do it with your own, official account instead of suspicious, brand new alts. This is just embarrassing.
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