2019年 1月 の投稿一覧

Saudi and UAE Crypto Partnership

Most banks, exchange houses and government of countries have over the years increased their interest in adopting blockchain technology in order to cut the cost of doing business, but we are yet to see a fully functional institutionalized cryptocurrency. In 2018, the Middle East doubled their spending and investments in the blockchain technology. Last December, the Securities and Commodities Authority (SCA) of UAE identified initial coin offering (ICO) tokens as securities. Although the government is not in the crypto craze frenzy by promoting the blockchain and the cryptocurrency market, but the authorities in UAE especially have continued to support and encourage blockchain companies by providing a friendly investment environment. Mind you, investment into the blockchain technology is different from cryptocurrency. Especially as the government of the Middle East countries, despite their endorsement of the prospect of the technology have threaded consciously on the endorsement of Bitcoin or any other altcoin. Now, these countries are emirates, ruled by royals. And they have over the years emphasized on the importance of the control of affairs being at the helms of authority, one can only conclude that maybe they simply want to create a cryptocurrency that they can control.
So, on the 19th of January, the United Arab Emirates (UAE) and Saudi Arabia announced a partnership agreement to create a cryptocurrency. According to reports, a meeting which was held in Abu Dhabi had a total of 16 executive members of both countries in attendance, and they discussed the possible joint initiative in the Strategy Resolve. The Strategy Resolve is made up of seven initiatives that include the civil aviation, youth training, and the building of a cryptocurrency that is somewhat set to be flexible with cross border payments within the emirates.

About the Cryptocurrency

When the report was released on the said 19th of January, the council made it clear that the new cryptocurrency was created to facilitate a cross border payments medium between the apex banks in the countries and local banks. It would therefore provide easy transactions between Saudi Arabia and the Emirates. It was also noted that the cryptocurrency was considered to be in its experimental stage. And in this experimental stage, it will be used to test the prospects of the blockchain technology within the Arab nations – emphasis on blockchain. There were few technical details in the report, but the name of the cryptocurrency was not given and the network on which it runs was also not given. However, the only information that was given was on how the technology would exchange data. According to the report, the cryptocurrency project will involve the leveraging of a network of database, distributed among the central banks of the two countries; it will also connect local banks to this network of database. However, despite the fact that it is in its experimental stages, it is being tested in real life situation. So the council laid emphasis on security as it claimed that one of the strong hold of the cryptocurrency project is in the safeguarding of customer interest.
There are not much technical details regarding the project as I write, but from all indications, the central bank of Saudi Arabia and that of UAE will likely host a node for the cryptocurrency. But there have also been speculations on the probability that this project, since it is in its experimental stages, would it be hosted on Etherum blockchain network? Or will the government of the countries build a whole new network? Whichever way it is, we can be certain that the cryptocurrency is going to be centralized, somewhat an institutionalized cryptocurrency.

What are the Prospects of this partnership?

With a long history of large scale importation and exportation established between the two countries, one can only expect this partnership to make things even better. Currently, Saudi Arabia exports commodities totaling $6.7 billion USD annually to the UAE. And UAE on the other hand exports commodities at a total of $8.5 billion USD. With a partnership project like this, it is expected that the difficulty that is experienced in the use of cash and digital banking will be reduced. However, one can only but wonder how they intend to blend this technology with their culture.

Technical Analysis of Polymath

The January 2019 has been very negative for the cryptocurrency market and all major cryptocurrencies are under the pressure. The price of Polymath (POLY)  is also pressured by this situation and for now, we can not see the “light” at the end of the tunnel. In my opinion, this is a highly speculative cryptocurrency and still very risky but lots of analysts agree that Polymath (POLY) is currently at a point where it has the potential to make very big gains. The Polymath Network is a blockchain-based system to coordinate and incentivize participants to collaborate and launch financial products on the blockchain. Polymath has own token known as POLY and this token is used to issue securities on Polymath and interact with the platform. When we look at the 1-year chart we can see that Polymath (POLY) is moving in “downtrend”. As long Polymath is below $0.4 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.10 and $0.20 – If the Polymath jumps above $0.20 that would be a “BUY” signal and the open way to $0.30 or even $0.35. If the Polymath jumps above  $0.40 that could be a strong signal of the trend reversal and the open way to $0.50. On the other side, if the Polymath falls below $0.1 that will be a strong signal “SELL” signal and the next target could be around $0.05.

Advice: In my opinion, this is a highly speculative cryptocurrency and still very risky, I would invest only a small sum of money in this cryptocurrency. According to estimates, Polymath (POLY) is one of the cryptocurrencies which you should definitely not ignore and this cryptocurrency might still be undervalued despite all the problems. As for the technical picture, the Polymath remains in bearish phase but if the price advances above $0.40 next targets could be located around $0.50 and $0.60. On the other side, if the Polymath falls once again below $0.10 that will be a strong signal “SELL” signal and the next target could be around $0.05.
 

Top 5 Celebrities Who Have Endorsed Cryptocurrency

The general acceptance of cryptocurrency among celebrities is increasing rapidly. As people influencers, celebrities have audiences running into millions, so most cryptocurrency projects tends to use them to spread news of what is happening in the cryptocurrency world. Apart from being influencers, most celebrities have genuinely invested into cryptocurrency, and at one point or another, they have endorsed different crypto projects, mostly the ones in their initial coin offering stages. Without wasting much of your time, here are the top 5 celebrities that have endorsed cryptocurrency.

Floyd Mayweather

Floyd Mayweather is popularly known for two things; money and winning. And his unapologetic lifestyle of displaying his wealth and investment makes him one of the most active celebrities that have endorsed cryptocurrency. As far back as 2017, Mayweather endorsed the initial coin offering for the Stox.com – a blockchain prediction platform. That same year, he promoted the initial coin offering of Hubii Network and subsequently, he signed on to be a brand ambassador for Centra which is a cryptocurrency platform. As we all know, one of the main reason that cryptocurrency companies get celebrities to endorse their initial coin offerings is because they want higher sales. And all the coins that Floyd endorsed in the past have continued to be on the rise. He posted a picture on instagram recently calling himself ‘Floyd Crypto Mayweather’.

Katty Perry

Katty Perry is the only female celebrity on my list. Not because she has always been a big fan of cryptocurrency but because her dramatic endorsements has high social media impressions. In January 2018, she posted a picture on her 69million followers instagram page, embroidering her finger nails with the logos of the top five cryptocurrency ranked according to market capitalization. This endorsement, unlike many other endorsement was not for initial coin offering. Katty Perry had told her fans prior to posting the picture that she was advised by her idol (Warren Buffet) to invest into cryptocurrency.

Ashton Kutcher

Kutcher is one of the few celebrities that ventured into cryptocurrency early. Way back in 2014, he tweeted about Etherum which was not due to be released in another year. The actor who once played Steve Jobs in a movie is a lover of technology as he has investments in A-Grade Investments; a company that funded Uber and Airbnb. Kutcher was once quoted in a conference saying endorsing and promoting blockchain technology. He has investments in Bitbay and he doesn’t fail to always update his twitter followers on what is happening in the cryptocurrency world.

Nas

Talking about celebrities that endorsed cryptocurrency before it became popular. Nas invested in Coinbase as early as 2014 and few months later, he was heard saying that Bitcoin had the potential of becoming bigger than even the internet. Because of his kind of music, most of his fans call him a prophet but I don’t really think they bought into this prophecy of his. Anyways, Nas launced a trivia contest at The Rap test website in 2015 and informed his millions of fans on social media that he would be rewarding those with the highest scores with Bitcoin. Nobody know how much investments Nas has in the cryptocurrency market, but we know that he bought the Bitcoin heavily while it was still in its early stages, and if he happened to have kept these investment intact, then he his definitely going to be among the whales of the crypto coin.

Ghostface Killah

Wu Tang Clan’s Ghostface Killah ventured into cryptocurrency in 2018. He became the co-founder of Cream Capital, a start-up firm aim of building ATMs on the blockchain network to ease the use of cryptocurrency coins like Etherum, Litecoin and Bitcoin. According to CNBC reports, Crea Capital had initial target of $30 million USD through its initial coin offering. Ghostface Killah whose real name is Dennis Cole had endorsed the project and cryptocurrency in its entirety as he was quoted, saying that anything that placed cryptocurrency in front of the eyes of the people of the world meant that it was great market with potentials. Most people are of the opinion that Ghostface does not know much about what drives the cryptocurrency world though.

2019 FOR BITCOIN

The cryptocurrency industry performed nothing less than wonder in 2017. But, 2018 proved to be a troubling one for the industry of cryptocurrency. But regardless of the falls faced last year, we talked trust that 2019 is a promising year for the cryptocurrency sector.
Even though the presence of all the losses in this industry lead few to doubt the future promises of cryptocurrencies, the upcoming year is surely going to be one of the trends changing and up heading year for the industry of blockchain. Various factors related to cryptocurrencies are changing and these factors are promising a positive impact on the market in the upcoming year. So, let’s have a glance at the future predictions of cryptocurrency having a positive impact in 2019.

Expectations in 2019

Blockchain stocks did not’t appear to be doing well last year, The reason was the low interest of companies toward it. But by the end of last year, the situation changed dramatically. Nowadays, most of the companies are spending or budgeting huge amounts of money on blockchain initiatives, also, the amount and trend are continuously increasing. According to a survey, the demand related to blockchain services is expected to be around $1.7 billion in 2019 alone and by 2022, it could reach about $12 billion!
 

Recoveries

We believe bitcoin is heading for a major recovery
Generally, lots of analysts in the cryptocurrency space expect the correction of the asset class to be extended throughout the first half of this year. And it is no news that Since November 2017, Bitcoin has shown a lack of momentum, it has been struggling to break out of key resistance levels in the $5,000 – $6,000 range. But we strongly believe that it would surpass that this year.
Even if the price of Bitcoin and other crypto assets might continue to decline substantially in the first two quarters of 2019, crypto-enthusiasts see the market massively recovering by the end of 2019. The lack of strength in the short-term trend of the dominant cryptocurrency led other digital assets, especially cryptocurrencies with low market caps and volumes, to perform poorly against the U.S. dollar.
In the latter half of 2019, one crypto technical analyst said that based on the historical price movement of Bitcoin, the asset could demonstrate large gains in 10 to 12 months.
‘The future lies in the study of the past’ he says. “We are approaching the 420th day mark which ended the 2015 bear market and if history repeats itself, we will be moving toward several months of accumulation and a new bull cycle starting late 2019. From history, Bitcoin has taken on average a 62 weeks period to recover from an 85 percent correction throughout the past nine years. 15 months since the start of the bear market in January would be March of this year.
The normal trends of the crypto market continue, as institutional money will finally enter into cryptocurrency in this year. The sign of entrance of this money in the market began to be felt in the last months of 2018 and surely in 2019, this will take place. Various kind of cryptocurrency investment platform for institutional money is already present in the market whereas a huge number of such platforms are under development with additional features. Institutions seem to be more interested in cryptocurrencies rather than the retailers. However, they were not having a sufficient amount of efficient investments platforms to perform. The existing tools were not so good to meet their security expectations. While 2019 has already given birth to a lot of such platforms, the share of institutional money in the crypto industry is surely going to be a huge one. The no. of transactions in the crypto market is increasing considerably. The capable software developers are providing easier and secure platforms for these transactions. These signs altogether indicate that 2019 could be that year of entry of institutional money into the market and would ignite the down valued loss of the crypto industry that it faced in 2018. To wrap this all up, What few people fail to recognize is the fact that, thanks to the 2018 price declines, most of the weakest hands in the market have fallen off. Meanwhile, stronger believers have held firm and even accumulated more Bitcoin.
Moreso, Distributed Ledger Technology has continued to advance, as major progress was made in fixing known deficiencies in first-generation cryptos and overall, the groundwork was laid for a new bull market.
This simply means that in 2019, much as it did after prior bear markets, Bitcoin will again rise up and head for new all-time highs.

Cryptopmedia News This Week

It’s another week end and I am here to present to you the biggest news in the Crypto industry this week.
 

Samsung’s New Galaxy S10 Could Give Surprise Boost To Bitcoin Adoption

leaked images of the upcoming new Samsung Galaxy S10 suggest the smartphone could aid bitcoin adoption with a built-in cryptocurrency wallet.
Personal comment: What an excellent news for Samsung users! For a long time people have been afraid in making a choice on the best cryptocurrency wallets that will not be hacked. Well, I present to you Samsung wallet which will definitely be one of the most impregnable wallets ever.
Source: https://www.forbes.com/sites/billybambrough/2019/01/25/samsungs-new-galaxy-s10-could-give-surprise-boost-to-bitcoin-adoption/#2f7a5d266010

Regulators snub SA cryptocurrency developers

Regulators have quietly barred cryptocurrency developers from having access to a tax incentive aimed at spurring innovation in SA. It is likely to hinder the country’s chances of being at the forefront of the fledgling digital money market.
Personal comment: Oh no! This is not an encouraging news coming from South Africa at all. I mean, about three weeks ago I posted a news source that showcased progress in the acceptance of cryptocurrency. However, this is just a temporary setback as Cryptocurrency is like a wave that cannot be stopped despite challenges. Better days will come for South African cryptocurrency industry
Source: https://www.businesslive.co.za/fm/fm-fox/digital/2019-01-25-regulators-snub-sa-cryptocurrency-developers/

Davos World Economic Forum: Insights from the Blockchain and Cryptocurrency Debate

Cryptocurrency, despite the massive drop in value from a year prior, was still a hot topic of discussion at the World Economic Forum in Davos, Switzerland. Experts on cryptocurrency and blockchain debated the technology in the panel “Building a Sustainable Crypto-Architecture” with insight into both sides of the discussion.
Personal comment: Every time I read this news source, I feel a glow within as it is a reminder that the industry has been recognized and analysts are teaming up to help the crypto industry take giant strides forward. Now the world has recognized the gift of Blockchain which Bitcoin gifted to it. Soon, Cryptos would replace every traditional currency.
Source: https://cryptoslate.com/davos-world-economic-forum-blockchain-cryptocurrency-debate/

This Trojan infects Chrome browser extensions, spoofs searches to steal cryptocurrency

The Razy Trojan is targeting legitimate browser extensions and is spoofing search results in the quest to raid cryptocurrency wallets and steal virtual coins from victims.
According to new research published by Kaspersky Lab, the malware, known as Razy, is a Trojan which uses some of the more unusual techniques on record when infecting systems.
Personal comment: I want you to really sit up and read through this news source because it contains helpful information on how to avoid being a victim. I believe this is another nasty type of cryptojacking which can be salient and deadly. Take necessary precautions very fast!
Source: https://www.zdnet.com/article/razy-infects-legitimate-browser-extensions-to-steal-cryptocurrency/

Will people ditch cash for cryptocurrency? Japan is about to find out

Prime Minister Shinzo Abe says he wants 40% of payments to be cashless by 2025. In August, the government announced plans to offer tax breaks and subsidies for companies that get on board. And while everything from credit card payments to transactions using QR codes would qualify, some of the country’s biggest financial players think the way to wean Japan off cash lies in the technology that runs Bitcoin.
Personal comment: Japan will be holding the next Olympics by 2020 and I believe this news is coming as a way to prepare for the millions of tourists that would be there. Just like I have always said, Japan, South Korea are leading the charge for crypto acceptance and this news just warms my heart. Currently there are plans by traditional financial institutions to phase out their currencies in favor of Crypto coins. Talk about forward thinking!
Source: https://www.technologyreview.com/s/611656/will-people-ditch-cash-for-cryptocurrency-japan-is-about-to-find-out/

Technical Analysis of KyberNetwork

The January 2019 has been very negative for the cryptocurrency market so far and all major cryptocurrencies are under the pressure. The price of KyberNetwork (KNC) is also pressured by this situation and for now, we can not see the “light” at the end of the tunnel. KyberNetwork is designed to provide the instant exchange of digital assets and cryptocurrencies with high liquidity. The KyberNetwork Crystal token (KNC) is used to pay fees on the KyberNetwork platform. The positive thing is that lots of partners are already supporting the KyberNetwork, KyberNetwork partners include the likes of interconnecting blockchain network ICON and Ethereum payment service Coinduck among others. In my opinion, this is a highly speculative cryptocurrency and still very risky but lots of analysts agree that KyberNetwork (KNC) is currently at a point where it has the potential to make very big gains. When we look at the 1-year chart we can see that KNC is moving in “downtrend”. As long KNC is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.10 and $0.20 – If the KNC jumps above $0.4 that would be a “BUY” signal and the open way to $0.6 or even $0.8. If the KNC jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the KNC falls below $0.10 that will be a strong signal “SELL” signal and the next target could be around $0.05.

Advice: According to some estimates, KNC has a bright future because a peer to peer system will become the only way to manage your cryptocurrency and cryptocurrency exchanges will go extinct. In my opinion, this is a highly speculative cryptocurrency and still very risky, I would invest only a small sum of money in this cryptocurrency. As for the technical picture, the KNC remains in bearish phase but if the price advances above $0.40 next targets could be located around $0.60 and $0.80. On the other side, if the KNC falls below $0.10 that will be a strong signal “SELL” signal and the next target could be around $0.05.

BITCOIN VS GOLD: A Fair Comparison

The origin of bitcoin dates back to a paper that was published in October of 2008. This paper outlined an online transaction system through which customers could make and receive payments without the involvement of any banks, credit or debit card companies. It revolved around a virtual currency that was also known as the bitcoin. This bitcoin provided customers with a type of universal currency that they could spend at any participating website without having to concern themselves with the present currency exchange rate. It was primarily geared towards businesses with an international clientele. During its first release in 2009, the bitcoin was met by a wide range of responses. For many businesses, the response was fairly positive as the bitcoin enabled them to expand their customer base by international proportions. Even local businesses for example pizza parlors, benefited from the bitcoin since it allowed their customers to pay online. Unfortunately, the bitcoin also encountered a huge amount of criticism. In July of 2011, hackers penetrated the bitcoin system consequently raising great concern over its security. Further contributing to this backlash were the many disreputable and illegal businesses that were using bitcoin to facilitate their transactions and some of the scandals that Bitcoin was entangled in were Silk Road and Mt. Gox. Today, the bitcoin continues to gain grounds as a legitimate form of currency by not only mainstream businesses, but also by the IRS, who has had to create specific tax guidelines for this method of payment. The success of bitcoin even reached a point that in 2013, just before the year wrapped up, its value surpassed gold. Such market activities have raised questions over whether the bitcoin will eventually become more valuable than gold.
GOLD
The history of gold; one of earth’s most precious metal goes back to at least over 2,000 years. Gold is primarily thought of as a currency, but many ancient civilizations also used it to create precious jewelry, decorative ornaments and in some cases, even medicinal equipment. The first recorded use of gold as a currency was in 600B.C. and it was used by the Turks. This practice continued for quite a number of centuries till the mid-1800’s, when lots of countries began to shift away from the use of actual gold currency in favor of a system known as the Gold Standard. In this system, individuals would simply use paper money to represent the equivalent value of gold. The US used this system from 1861 until 1934. Unfortunately, the demise of the gold standard would abolish the use of gold as either a form of currency or as the basis for its currency. Today, gold primarily serves as an investment asset. It allows investors to make profits through the fluctuation of its market value.

Head to Head: Gold Vs Bitcoin

The Intrinsic vs. The Extrinsic Value
Like the US Dollar, Bitcoin has an intrinsic value of zero. The USD is not backed by gold and silver as was previously required by the US Congress. The USD has an arbitrarily assigned unit of value or extrinsic value. The US government says a dollar of currency will buy a dollar of goods and services, so you simply accept that truth and go about your business but of course, the USD fluctuates in value against other sovereign currencies, but that doesn’t affect your day-to-day transactions in USD.
Bitcoin, is not backed by any tangible commodity (gold or silver). You transact in Bitcoin for goods and services, fully aware that its value can instantly change. In December 2017 traders agreed it was worth $19,870, yet in December 2018, that point of agreement plunged to $3,215. Bitcoin prices are all extrinsic value. It is worth whatever a buyer and seller on an exchange can agree upon.

Inflation

During the inflation of the 1970s, gold peaked from $35 per ounce to $875 per ounce even as consumer prices (termed inflation) doubled in the US (1970 to 1979). In fact, the $35 gold of 1972 is now worth more than $1,275 per ounce, having easily out witted consumer price inflation over the past 40 years.
Consumer prices have risen by 501 percent since 1972. Yet, gold is up by a factor of 39.84 times or 3,884 percent over the same time span. Therefore gold has outperformed the inflation rate by a ratio of 7.75 to 1 (3,884 divided by 501). Gold absolutely has proved to be a long-term store of value against the ever-rising cost of living.

Store of Value

However, gold has for centuries been recognized as a tangible store of value. In ancient times, gold was always regarded as real money, with intrinsic value. You can deliberately exchange gold for food, land, clothing, medicine, oil, collectibles, motor vehicles, houses, etc. It is also a tangible item you can put away in a bank vault or your home safe, or even bury in a coffee can in the backyard.
Bitcoin, on the other hand, is an electronic, intangible currency. Apart from the fact that it holds zero intrinsic value, it seems unlikely that it could be used to barter for goods and services in an offline setting.
Bitcoin, all other cryptos and stocks would be useless in the event of a blackout and can not be used as a form of real-world currency. Even your bank debit and credit cards would be lifeless plastic. Gold needs no electricity or communications network to back up its inherent worth. In such an apocalyptic scenario, having physical gold would seem to be preferable to owning Bitcoin. Even fiat currency would be preferable, barring a hyperinflationary economic backdrop.
Finally,
Although Bitcoin will is said to become store of value in 2019. Maybe it will, maybe not. All that matters right here and right now is that you can trade Bitcoin. All day, all night, Long and short. You can buy and sell Bitcoin futures contracts. You can even buy some Bitcoin every month, anticipating yet another peak in value.
You can even run your Bitcoin trading and investing activities with clear risk control and profit-taking objectives. You might even net a better long-term return than those who hold gold as a hedge against inflation. Always remember that Bitcoin has zero intrinsic value and gold does possess that inherent value, and may always be regarded as an investor haven.

WHAT IS HAPPENING TO BITCOIN ATMs?

 
A Bitcoin ATM is an internet interconnected kiosk that avails its user the power to buy Bitcoin with deposited equivalent currency, or sell Bitcoin. It is different from the traditional ATMs that are backed by banks or other financial institutions. Most people are of the idea that calling it an ATM is somewhat a misnomer because it is more like a machine connected to a cryptocurrency exchange platform through the internet. It doesn’t dispense cash but a customer can deposit cash to buy Bitcoin, but they are required to connect to their e-wallet first before any transaction is done. Most of the Bitcoin ATMs are highly secured, they require several security checks before a transaction can be approved. An example of this check is the two factor authentication where a customer is required to enter his phone number, after which a confirmation code is sent to the number. There is also the scan code security check built into the e-wallet app.
Bitcoin ATMS aren’t as widely spread as the traditional ATMs, they are mostly found in top cities in the world with good amount of data for citizens. The recent statistics revealed that there are currently over 4,000 Bitcoin ATMs in the world.
 

THE JOURNEY SO FAR

 
The first ever Bitcoin ATM in recorded history was installed by when Bitcoin was still in its infancy. It was installed in 2013 by Robocoin which by the way is now defunct. And since the first installation, many other companies have ventured into the Bitcoin ATM line of business. Coin ATM radar is a website that is used by customers to track the nearest ATMs to their location and according to their statistics, 4,060 ATMs are currently installed in over 66 countries around the world. On continental terms, North America controls over 71% of the Bitcoin ATM marjet, putting it at over 2883 Bitcoin ATMs installed. Europe which is the first runner up controls 23.7%, with the lowest continent being Africa with only 0.2% share; that is 81 Bitcoin ATMs installed.
However, when countries are considered, United States is on top of the food chain as it has installed ATMs that can rival with North America – 2,241 Bittcoin ATMs. Canada is next on the line with 619 Bitcoin ATMS. One major factor that has been leading to increase in Bitcoin ATMs is the competition that exists between different manufacturers of these machines, and it is currently getting tougher as I write. Genesis Coin is the number one manufacturer with over 31% market share index. General Bytes is second with 30% market share and Lamassu controls just 10.8% of the market share. The market is run like an enterprise. An individual can purchase Bitcoing ATM with the right investment put in place. The prices of these machines varies though, mostly dependent on the company that is producing it. For example, Robocoin Bitcoin ATM costs about $20,000 USD. Genesis Coin Bitcoin ATM will make your account a$14,500 USD lesser and Lamassu will cost about $4,000 USD.
In as much as new Bitcoin ATMs have seen growth in installation, data from Coin ATM radar also shows that some ATMs are being taken down. About 120 of such machines were closed in 2018 alone, mostly because of security threats.
 

PRICES OF BITCOIN AND BITCOIN ATMS

 
2018 was a generally a bad year for all cryptocurrencies, especially Bitcoin. But the relationship so far between the growth rate of Bitcoin ATMs installed across and the price of Bitcoin being volatile is a favorable one. This has somewhat proven that the whale investors in the cryptocurrency are confident of the future of Bitcoin. Also, the fact that these machines are actually called Bitcoin ATMs doesn’t necessary mean that it is limited to Bitcoin alone. Most of the machines are compatible with transactions that involve Litcoin and Etherum. Most experts claim that the increase in these machines has little to do with the price value, rather it borders more on the widespread of the goodnews of cryptocurrency and blockchain.Cryptocurrency has been tagged the future of the financial world, and blockchain is laced with more prospects than cryptocurrency itself. So, the more the global acceptance of cryptocurrency, irrespective of the price, the higher the number of ATMs installed.

ALT COINS TO WATCH OUT FOR IN 2019

An altcoin is any digital cryptocurrency similar to Bitcoin. They are all the alternative cryptocurrencies launched after the breakthrough of Bitcoin. They generally project themselves as better substitutes to Bitcoin. The term is said to stand for “alternative to Bitcoin” and is used describe any cryptocurrency that is not a Bitcoin. The success of Bitcoin as the first peer-to-peer digital currency paved the way for many to follow. Most popular altcoins use the same fundamental building blocks as Bitcoin. This implies that most altcoins are peer-to-peer, and they involve a mining process through which the users can solve difficult problems in order to unlock blocks, and they also offer efficient and cheap ways to carry out transactions on the web. altcoins vary widely from each other even with their many overlapping features – altocoins differentiate themselves from bitcoin with a range of procedural differences, including different proof-of-work adifferences the different means by which their users can sacrifice energy to mine blocks and application advancements to increase their user’s anonymity.

In April 2017, the size of the cryptocurrency market was just about $25.9 billion but as now, it stands at about $409.5 billion. The market growth gave room for many new cryptocurrencies to emerge. So it is pretty tasking to pick out the vest alt coins as there are hundreds to choose from. But in this article, I will show you the best 5 alt coinsto watch out for in 2019 so buckle up, its going to be a long ride.
Many of these altcoins are basically forks of Bitcoin, developed on its open source code. It can be a difficult task to choose the best altcoins, as there are thousands of options out there.

Best Altcoins to Invest in 2019

1. Litecoin

Litecoin is one of cryptocurrency’s oldest altcoins, it was created in 2011 by Charlie Lee(ex-google employee). Litecoin is just a digital currency like bitcoin but with certain upgrades. Litecoin shows very many improvements from that of bitcoin, especially its remedy of bitcoin’s slow transaction speed. As a matter of fact, the reason that it is called Litecoin is because it is 4 times faster than Bitcoin. A Bitcoin transaction could take about 10 minutes to complete but a Litecoin transaction is done and dusted in 2.5 minutes. This makes Litecoin more scalable than Bitcoin as the litecoin can complete more transactions per second than the bitcoin can. The litecoin is fairly easy to purchase because it is offered by most of the top cryptocurrency exchange platforms. You can buy Litecoin from Kraken or from Coinbase or Coinmama or Bitsquare.

2. Ethereum

Ethereum was launched in July 2015 by Vitalik Buterin. All the list of the best altcoins must have listed in them, Ethereum. Ethereum is the second most valuable cryptocurrency after Bitcoin and it has a current market capitalization of about $64.35billion.
The price of Ethereum has grown from $9 in January 2017 to $1,389 in January 2018. And its price has almost doubled in price within the last one month, from $396 at the beginning of April (2018) to $648 today.
Why is Ethereum so unique and different from Bitcoin?
Bitcoin is just a virtual currency, but Ethereum has more to offer in addition to that. Ethereum provides a platform for the developer on which they can build blockchain-based smart contracts and decentralized apps.
Ethereum was the first cryptocurrency token to introduce smart contracts(Smart contracts are agreements coded on the blockchain that execute themselves on when certain pre-set conditions are met), and smart contracts are now considered as the next big thing.
As one of the most widely available cryptocurrencies, Ethereum can be purchased from any popular exchange. Many of these exchanges support credit/debit cards in addition to bank transfer. So you can purchase Ethereum from Coinbase or Coinmama or CEX.io or Gemini.

3. NEO

NEO, which was originally called AntShares. It was created in 2014 by Da Hongfei in China. It is the biggest cryptocurrency which is of Chinese origin. NEO, like Ethereum, is a platform designed for developing decentralized applications (Dapps), Smart contracts and ICOs. It has very close resemblance with Ethereum and because of this close resemblance to Ethereum, NEO is often referred to as the “Chinese Ethereum”. One of the major factors which is propelling growth for NEO is the support it enjoys from the Chinese government and its robust technology. NEO has a vision of building a smart economy and this Impliesthe digitization of physical assets like cars, houses etc. To buy NEO, you must First buy bitcoin and then exchange it.

4. CARDANO

Cardano fixes three of the most pressing challenges the first and second blockchain generation projects faced. These challenges are: availability, interoperability and sustainability. Cardano offers advanced improvements over Bitcoin as well as over Ethereum. Cardano is a decentralization app building platform with its unique native frequency.
Cardano also profers solutions to the problem of slow international payment transfers by reducing the cost and speed to a few seconds. Cardano can easily be gotten from coinmama but if you wish to buy from other platforms, you will need to but bitcoin first.

5.DASH

Dash was launched about 5 years ago by Evan Duffield. It was first called Xcoin then renamed Darkcoin but in 2015 it was finally re-branded to Dash. Dash has a market capitalization of about $3.79billion so could be one of the best coins to invest in 2019. Dash has made some giant strides And the technology and offers better privacy and a higher transaction speed than Bitcoin.
Unlike Bitcoin in which the address of the sender is made public, Dash keeps the addresses hidden. So, Dash’s transactions cannot be traced back to the origin, while Bitcoin transactions are traceable.
Dash also has its own self-funding mechanism (0% of all the mining reward goes back to the Dash.) This fund is used to further improve and grow Dash.

Technical Analysis of IOTA

The January 2019 has been very negative for the cryptocurrency market so far and all major cryptocurrencies are under the pressure. The price of IOTA is also pressured by this situation and the price of this cryptocurrency has weakened from $0.40 below $0.30 in less than several weeks. IOTA is a cryptocurrency designed for the Internet of Things (IoT). There is no concept of block or blockchain and thus no concept of mining. This also means there are no transaction fees. It uses a different data structure, tangle, which is based on a directed acyclic graph. My opinion is that IOTA could be a very good investment opportunity and putting a reasonable amount of money into IOTA could potentially turn out to be an excellent investment. IOTA has already teamed up with the likes of Accenture and Deutsche Telekom, with ambitions for additional big partners in the future. When we look at the 1-year chart we can see that IOTA is moving in “downtrend”. As long IOTA is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.2 and $0.4 – If the IOTA jumps above $0.5 that would be a “BUY” signal and the open way to $0.6. If the IOTA jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the IOTA falls below $0.2 that will be a strong signal “SELL” signal and the next target could be around $0.15.

Advice: IOTA can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $4 in the next several years. In my opinion, IOTA has a very good risk/reward ratio in the market right now which means you stand to gain a lot more for taking a comparatively smaller risk. As for the technical picture, the IOTA remains in bearish phase but if the price advances above $1, short-term traders can enter the position with the stop loss at $0.9 and take profit at $1.3 or even $1.5.