The Tokenization of Securities: How Could It Impact Market Behavior?

Financial assets are the lifeblood of the global economy – and through the markets, everything from currencies to commodities can move freely.

The current methods used to perform trades have been in force for many years. Arguably, the last major development in the industry was electronic trading, and that was back in the 1980s.

Some believe this old-fashioned approach to trading has many downsides – delays and a lack of transparency among them.

However, there is excited chatter about technology which could eliminate many of these issues and transform the way trades are executed. This decentralized solution, known as Blockchain, allows for records of transactions and ownership to be stored on a shared database whose cryptography-based structure and consensus mechanisms make it impossible to tamper with or corrupt.

On Blockchain, tokens can be used to make purchases, often through a cryptocurrency. They can also provide access to services available on a platform. The tokenization of securities would mean assets such as bonds, equities, stocks, and futures could be represented by a digital token.

Here, we are going to explore just some of the ways this tokenization process could impact market behavior – and how trades are executed.

  1. Faster transactions

Although it’s difficult to find an exchange where trades are completed on paper these days, existing procedures for executing deals are arduous and slow. As well as a trade having to go through several intermediaries before it is completed, funds need to be settled – and this can take several days.

Tokenized assets on Blockchain could be traded through smart contracts which are drawn up at an instant based on the impartial and independent information. Middlemen would not be needed to process the deal, and settlement could be achieved within a matter of seconds. All of these records would also be stored in a ledger, meaning they are easy to track and incorruptible.

  1. Freedom to invest around the world

Tokenizing assets also has appeal because it can lead to the democratization of trading – allowing anyone who has an interest in investing to get involved. Better still, it could mean that geographical boundaries which can curtail a trader’s options fall by the wayside.

Through Blockchain, an investor in Europe would be able to invest in Asian equities, options, and bonds – regulation permitting. In terms of market behavior, this broader exposure could have an interesting effect on asset valuations.

  1. Lower fees

With middlemen come fees – and in the case of markets, these charges can be eye-wateringly high. Many Blockchain platforms across a plethora of industries, both existing and upcoming, pride themselves on offering dramatically lower commission fees. Some companies also redistribute the revenue generated from these fees back to users in the ecosystem on a daily basis, retaining a small amount of income which can be reinvested into the continued development of their networks.

  1. Transparency

There have also been allegations that some companies exert undue influence on asset prices and how trades are performed. Eliminating these participants from the trading process altogether, allowing individuals to trade tokenized securities with one another at will, could see levels of manipulation tumble considerably – however, it is worth bearing in mind that the roles and responsibilities held by these middlemen can end up shifting to buyers and sellers in a Blockchain environment.

  1. Micro shares

Tokenization also makes it easier to subdivide assets, in turn meaning it can be more affordable for investors with lower budgets to participate.

A single share in some companies on the stock exchange can cost hundreds of dollars, but trading on Blockchain could allow investors to purchase a chunk of this equity. As well as the financial flexibility this brings, it could encourage greater diversity across an investment portfolio.

Making it happen

One company is hoping to introduce many of these benefits through a new Blockchain trading network.

TradeConnect is going to be powered by a new trading token called ThinkCoin, which has been described as “simple, secure and user-friendly.”

The initial coin offering for ThinkCoin is scheduled to take place from May 10 to 25. The pre-ICO is live now, with a 45 percent bonus available until April 23 at the standard price of $0.30. The TradeConnect platform is initially going to offer functionality for forex and contracts for difference trades. In time, the company hopes to expand and enable users around the world to trade any financial asset.

A beta version of this network is being launched in August.

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Love Turns Ugly as Woman Arrested for Bitcoin Murder-For-Hire Plot

A woman in Illinois is facing up to 20 years in prison for a Bitcoin murder-for-hire plot she put in place against the wife of the man she had an affair with.

Love can make people do horrible things, especially when that love is directed at someone who is currently married to someone else. Tina Jones, a 31-year-old woman in Illinois, has been arrested by police and is being charged in a murder-for-hire plot in which Bitcoin plays a part.

Dark Web

Twisted Love

Tina Jones worked at the Loyola Medical Center with the married man she had an affair with. Apparently, the man decided to end the affair, jilting Jones. She did not take kindly to this change in her relationship status.

She decided to hire somebody to kill her ex-lover’s wife, so she went online to the Dark Web and came across Cosa Nostra International. As Robert Berlin, DuPage County State Attorney, notes:

She went on this website which apparently bills itself as a murder-for-hire type website, and she paid the money assuming that this was going to happen, and had paid over $10,000 to have this woman killed.

Jones used Bitcoin to pay for the murder attempt, and she wanted her money’s worth. Robert Berlin adds:

This woman not only paid over $10,000, but she left specific instructions on the website as to when the woman’s husband would be at work, so they would know when this woman would be alone. She left instructions not to hurt the husband and also to make it look like it was an accident.


Foiled by TV

Police in DuPage County, Illinois, got a tip about the murder-for-hire plot. The prosecutors say that the tip came from the 48 Hours TV show on CBS, which then led to a full investigation.

Tina Jones turned herself into the police and appeared in court last Wednesday. She was charged with solicitation of murder-for-hire, a felony, and bail was set at $250,000. Jones will appear in court again on May 15th. She faces up to 20 years in prison if convicted.

Sadly, this is not the first time a person used Bitcoin to hire a killer to murder someone. Ross Ulbricht, the operator of the infamous Silk Road, got life in prison for attempting to arrange five different murders. Last December, an Italian woman was sentenced to six years in a Danish prison for using Bitcoin to hire someone to kill her boyfriend.

Dark Web

Naturally, the media enjoys playing up the cryptocurrency and Dark Web angle, but the reality is that cryptocurrency is used primarily in a legal manner. A study found that less than 1% of all Bitcoin transactions were illicit.

Two other takeaways from this story. First, using cryptocurrency isn’t the wisest decision to hire a murderer in most cases as you do leave a trail on the blockchain. Second, perhaps it’s best not to have an affair at all.

Why do you think the woman tried to hire a killer using Bitcoin? Did she want to punish her ex-lover? Did she want him to come back to her, seeking comfort, after his wife died in an “accident’ that befell her? Let us know in the comments below.

Images courtesy of Pixabay, Pexels, and Shutterstock.

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Asian Authorities Stop Two Crypto Scams

Crypto Scams

Crypto scams Asia: In less than 24 hours, the governments of China and South Korea have dismantled two organized groups that were in charge of promoting pyramid schemes by using cryptocurrency investments as a background. This decision seems to further reinforce the firm position of both governments in the fight against the criminal use of blockchain technologies.

In recent months, with the rise in popularity of cryptocurrencies, scams, and pyramid schemes have increased notably in Asia, where the market has seen an even higher adoption rate than in the rest of the world.

Such …

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(Short Term Correction) NEO, EOS, Litecoin, IOTA and Stellar: Technical Analysis April 21, 2018

Of all the altcoins under our focus, Stellar Lumens is the top performer for the week gaining 45 percent which increases its market cap to $6.8B. Despite this, NEO, Litecoin, IOTA and EOS are correcting. In this case, buyers should wait until stochastic buy signals print before loading longs probably in the coming week.

Let’s have a look at these charts:

XLM/USD (Stellar Lumens)

Stellar Lumens Technical Analysis

Stellar Lumens 4HR Chart by Trading View

We can’t write much from the fundamental front but what is obvious is that Stellar Lumens is pretty much stagnant. In the last 24 hours alone, the coin is up 0.54 percent and 43 percent for the week. That’s not bad at all but here is the thing.

We were pretty much bullish for the better of the week but with a double bar bear reversal pattern in the daily chart and a strong stochastics sell signal in the 4HR chart, sellers might pick up momentum through to next week. Personally, and from my Stellar Lumens technical analysis, a short term correction is bound. Potential reversal points lies between $0.27 and $0.30.


IOTA 4HR Chart by Trading View

Of course, IOTA at $1.90 is awesome. It would even be better if we have some sort of upsides where IOTA would test $3 or so. We can’t discount that and after all, our IOTA technical analysis projects buyers testing this key resistance line in the coming days.

In my view, I shall point at increasing demonstration of how IOTA solves real life problems. After all, after Fujitsu and a couple of other projects, IOTA is now partnering with InnoEnergy in a bid to create this futuristic smart energy economy. Now, is this where Metcalfe’s law applies? Well, maybe and if it does, then expect IOTA to gain.

From the charts, prices are correcting. Even though we remain bullish, we can refer to the 4HR chart which shows clear lower lows complete with bearish engulfing candlesticks testing and a stochastic sell signal. I remain net long but swing traders can sell and take profits at around $1.55 and $1.65 or whenever a stochastic buy signal prints in the course of next week.


EOS Technical Analysis

EOS 4HR Chart by Trading View

After gaining 18.24 percent in the last 24 hours, EOS now occupies the number 5 spot usurping Litecoin in the process. By now, you should know that all developments are geared towards that well publicized EOSIO launch in June.

Know this though: EOS shall freeze the EOS ERC tokens on June 2 for a maximum of 20 days to allow BP vote in. Now, what is causing a buzz is the potential number of projects that shall launch post mainnet. Already, Block One CEO promised that there will be thousands of projects from all sorts of companies and earlier,OK Blockchain Capital announced a $100M slush fund kitty to support projects launching on EOS blockchain.

In the daily chart, it’s obvious that there is a break out past the main resistance line at $10. That’s a bullish break out we have been waiting. However, with prices correcting across the board, we expect EOS prices to follow suit and probably test $8 in the coming few days. After all, there is a stochastic sell signal in place and as such I recommend short term sells as above.

LTC/USD (Litecoin)

LitecoinTechnical Analysis

Litecoin 4HR Chart by Trading View

It’s a flap guys. Litecoin’s market cap stands at $8.25B. Even with marginal gains in the course of the week, it couldn’t prevent EOS from taking over that spots. Anyways, I’m selling Litecoin at the moment but I’m overly bullish. Potential buy target is at $125 on the lower end or when a stochastics buy signal prints and there’s a bullish candlestick confirming that.


NEO Technical Analysis

NEO 4HR Chart by Trading View

It has been a generally busy week for NEO straight from impressive Switcheo trade volumes, Ether Capital trading on NEO exchange, Asura ICO and white listing and of course Aphelion desktop wallet release. What I like about Aphelion is that it easily integrates with Ledger Nano S. Cumulatively, all these are bullish for NEO and we expect prices to catapult in the coming weeks.

Price wise, it’s the same pattern and even as we trade a bearish divergence pattern in the 4HR chart, prices should bounce back. Buy zones lies at $60 or whenever a stochastic buy signal prints from deep the oversold territory in the 4HR chart.

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When Two Worlds Collide – CoinDaddy and the Rise of Bit-Hop

28-year-old ex-realtor, bitcoin millionaire, and rapper, CoinDaddy, was recently interviewed by Business Insider. That’s some serious shizzle for a man who claims his songs deliberately “aren’t that good.” Let’s explore those murky waters where crypto and music meet.

Bitcoin… blah blah blah… Rapper

So I bet you’re just dying to hear the CoinDaddy story. It’s actually pretty short and sweet…

In 2013 he met a guy in a bar who told him to put everything into bitcoin, so he put everything into bitcoin. In 2017 he checked the price for the first time in four months, bought a pimp suit and became a rapper.

To be fair, the guy comes across as pretty normal and self-aware in the interview. I smiled when Business Insider claimed Eminem and Sean ‘Diddy’ Combs as inspirations. Finger on the pulse of modern hip-hop there, eh Business Insider?

He talks of wanting to use the character of CoinDaddy to bring crypto into the mainstream. Personally, I think the lyrics are perhaps too esoteric and not funny enough to appeal to anyone outside the crypto community. Backing this up is the fact that (as of writing) he has only 2647 subscribers… and I’m not one of them.


Search YouTube for ‘bitcoin music’… go on, I dare you! In fact, I’ll provide a link. But I warn you, proceed with caution. Watching just a few seconds of just a few of those videos has made me question my entire belief-system/stab myself repeatedly in the ears/move to the south pole.

Although many of the ‘artists’ are undoubtedly in it for the laughs, I can’t hear any of those laughs above the audible sound of people cringing. If you can get past this level of cheesiness, some of the more earnest attempts are actually funnier.

The problem with making music about cryptocurrency, the economy or current affairs, in general, is that your lyrics need to be timeless or they’ll just come across as cheesy. The problem with making comedy songs is generally the awful accompanying music.

In desperation I cried out: Please BitLord, let there be something to wash my mind of this filth… and lo, there it lay before me. “Satoshi Nakamoto”, an actual good song, by a proper artist. Gramatik, you have restored my faith in Bit-Hop.

Although most of the time, when the two worlds colliding are cryptocurrency and music… just “Ouch!”

Are you a fan of ‘Bit-Hop’? What is your favorite crypto music? Let us know in the comments below.

Images and media courtesy of YouTube/CoinDaddy

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Crypto Markets Continue the Upswing – What are People Saying?

crypto market upswing

There’s a crypto market upswing happening. This is further evidence of the unpredictable nature of crypto but at least this time the coins move in favor of the bulls. The upswing has continued into this week.

While it’s true that some coins started to struggle mid-week, the majority of the coins were up – just like today. Currently, Bitcoin (BTC) is up 2.87% in the past twenty-four hours, Ethereum (ETH) is up 5.84% in the past twenty-four hours, while Ripple is up 16.12% in the past twenty-four hours. 

So, now that it has been …

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Revamping the Financial Sector for the Decentralized Future

Despite cryptocurrency’s meteoric rise in the past fifteen months, it seems that somehow a more valuable and prolific technology has arisen alongside it. It’s hard to imagine anything being more popular or important than a commodity that grew its collective cap from less than $20 billion to more than $850 billion in less than a year.

However, the blockchain – a decentralized accounting mechanism that allows digital currencies to thrive, is doing just that. It’s gaining notoriety as an extremely competent and innovative technology that may be the solution to problems plaguing the technological landscape.

In January, Steven Johnson argued in The New York Times Magazine, “The Bitcoin bubble may ultimately turn out to be a distraction from the true significance of the blockchain.” Of course, in writing this, Johnson is advocating more for the blockchain’s capability rather than proclaiming cryptocurrency’s insignificance.

Government leaders seem to agree. Despite some reservations about digital currencies, central governments are offering full-throated endorsements of blockchain technology. In their 2018 Joint Economic Report, a bipartisan Congressional committee heaped praise upon the blockchain describing it as ‘largely resistant to hacking’ and championing its applications across various industries.

Research and consulting firm, Deloitte, has developed a robust blockchain unit, tech Juggernauts Microsoft, IBM, and Intel are pursuing blockchain initiatives, and financial veterans Mastercard and JP Morgan are exploring new digital payment solutions using the blockchain. There are prominent use cases for the shipping industry, data security and transmissions, medical record keeping, and many others.

Interestingly, for all the talk of blockchain as a transformational technology, it hasn’t actually transformed anything yet. Upending an entire industry is a slow process. Legacy technologies hang around longer than they should, and modernizing long-standing organizations is more like turning a ship rather than steering a speedboat.

In other words, the blockchain is still a technology that’s searching for a problem to solve. Ultimately, those solutions will not emerge from the technology itself, but from the novel crypto-based platforms developed upon it. In this sense, the financial industry may be the first one to see a real transformation from the blockchain and its accompanying companies.

A Trillion Reasons to Change

The financial industry is as broad as it is deep. Various sectors that comprise the sector are collectively worth trillions of dollars in the U.S. alone. The financial industry is predicated on the value of p2p transactions. Financial institutions serve as the intermediary between individuals and the value exchanges that propel the economy and support individual autonomy. Whether dealing with bank loans or stock investments, the financial sector is a robust but aging practice.

Accenture, an advisory firm with resources pursuing blockchain applications in the financial industry, writes, “In spite of the factors that are currently limiting adoption, the future looks bright for blockchain and distributed ledgers.” They go on to indicate that the blockchain can reduce financial reporting costs by 70% and operations and compliance costs by 50%.

Meanwhile, Gartner Group is bullish on new blockchain initiatives, believing that “Restructuring an ecosystem and displacing established players is a classic pattern of innovative disruption.” As new products and services arrive, new opportunities emerge that will reshape the financial industry.

When it comes to financial markets, all ideas are on the table.

For the investment sector, TradeConnect, a blockchain-based multi-asset trading platform powered by ThinkCoin. This unique digital token is asset-backed, which provides liquidity and stability to crypto markets that can be tumultuous and unpredictable. Although the TradeConnect platform currently only offers FX and CFD trading, it’s developing protocols for futures contracts, commodities, derivatives, and options.

Since it’s powered by the blockchain, TradeConnect embraces a decentralized ethos by enabling direct P2P flexibility. The platform connects buyers and sellers so the trading process is simple and direct. Brokers and intermediaries are not required when the blockchain can secure and verify transactions.

By offering low fees and a liquid trading platform, ThinkCoin is prepared to disrupt the trading markets in a profound way. It allows for developments in security, reliability, speed, and cost that can reshape the investment landscape while serving as a model for the rest of the financial sector.

In many ways, ThinkCoin and its TradeConnect platform is representative of the blockchain’s promise and its ability to bring innovative solutions to stagnant industries. The financial industry is entrenched in outdated methodologies, but the blockchain and its accompanying companies are readying it for the future.

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Bitcoin Buy Demand Highest Since March 2017, Exchange Data Shows

For the first time since March 2017, Bitcoin ‘buy’ orders have surpassed 90% of the total placed on cryptocurrency exchanges.

9/10 Want To Buy Bitcoin

Linking to data from TurtleBC, p2p exchange HodlHodl described the trend as “indicating there is more demand for Bitcoin than supply.”

“This is also an indicator of market sentiment among those who are buying and selling Bitcoin,” it added.

A 90-10 ratio effectively means that 90% of the interested investors are vying for the Bitcoin of the remaining 10%.

Despite prices nose-diving since the cryptocurrency’s all-time highs of near $20,000 in December 2017, not even those heights produced such investor demand.

Data Proves The Moon Rumors

The appetite for buying reflected in numbers appears to confirm sentiment from various crypto and finance industry figures that markets will soon make a comeback.

The most recent of those came in the form of Saxo Bank, the Danish Bitcoin bulls who this week released a Quarterly Outlook in which an analyst predicted a “bull market” beginning in Q2 2018.

“Multiple factors” could act as a “springboard” for change, Jacob Pouncey wrote, from geopolitical upheaval to Wall Street investor money waiting on the sidelines.

Also preempting heavy buying demand was Fundstrat Global Advisors cofounder Tom Lee, who earlier this month described Bitcoin as “oversold” and even predicted a $25,000 price by the end of the year.

While Blockchain fund Pantera Capital also joined the enthusiasm, a deeper analysis of current sentiment against Bitcoin’s entire history came from Unchained Capital.

Unveiling the first in a three-part research series on Bitcoin trading habits, analysts found that after 58% of the total Bitcoin supply changed hands in the past year, markets could be entering a fourth cycle of ‘hodling’ coins in preparation for fresh price highs.

Bitcoinist has produced a summary of the top ten Bitcoin price predictions for 2018 and beyond, available here.

What do you think about current Bitcoin trading trends? Let us know in the comments section below!

Images courtesy of Shutterstock,

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PayPal Policy Change Forces Consumers to Take Cryptocurrency More Seriously

Making payments online can be done through many different ways. Cryptocurrencies play a growing role of importance in this regard. Taking the crown from the likes of PayPal will not happen overnight. Even so, the latter company is making some policy changes which will not be to everyone’s liking.

The PayPal Policy Changes

Online payment processors need to keep a close eye on their competitors. This also includes making policy changes which may offend a fair few people. For PayPal, their new direction is pretty straightforward. The variable rate pricing for sending money outside of the US is being removed. Instead, recipients of funds will be “discriminated” based on their country of residence. A flat fee is to be introduced, which can ramp up to $4.99 per transaction.

To make matters worse, there is an extra “rule” for credit and debit card users. This same flat fee will apply, plus a fixed fee based on the currency, and a surcharge of 2.9% of the transaction amount. In the best case, sending $100 to a country with a $2.99 flat fee would net the recipient $92 or less. This new scheme will not be to the liking of people who regularly transfer money through the PayPal infrastructure.

It is important to note this does not apply to purchases made through the service. This only pertains to people who send money to friends and family members. Anything labeled as a non-purchase will be subject to this new policy. This makes PayPal a far less favorable option for sending money between friends and family members. Instead, it may push people to alternative solutions.

A Boost for Cryptocurrency?

Up until now, PayPal had made somewhat of an impact in the money transfer industry. Especially where remittances are concerned, the service offers an adequate alternative. These new changes will force people to look for alternatives in this regard. Especially with unverified users being unable to send money and make payments, things are not heading in the right direction.

Other forms of remittance will undoubtedly benefit from these policy changes. The likes of TransferWise are a lot cheaper than PayPal, but still somewhat expensive. Cryptocurrencies can make a positive impact in this regard. Unlike traditional solutions, Bitcoin and consorts are borderless and can be a lot cheaper to send money abroad.

More importantly, cryptocurrency use doesn’t necessarily require a lot of personal information. Setting up a wallet address is a matter of installing the right software. Converting cryptocurrency to fiat currency may involve a KYC procedure, but exchanges are getting better at processing those requests quickly. PayPal may effectively pave the way for broader cryptocurrency adoption in the coming years.

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Venture Captalists Pour $133 Million into Stablecoin Startup

ICOs and cryptocurrency startups have been slumping recently due to the bearish signs which were seen in the first quarter of 2018. However, Basis, a promising start-up, has broken that trend by raising over $133 Million U.S. in private funding.

A cryptocurrency startup by the name of Basis (formerly named Basecoin), has just announced that they have raised over $133 Million dollars in funding from well-known venture capitalist firms.

These firms include GV (Google Ventures), Andreessen Horowitz and Sky Capital just to name a few.

Nader Al-Naji, the CEO, and co-founder of Basis, announced on Medium:

I am excited to announce today that Basis (formerly Basecoin) has raised $133M in a private placement from Bain Capital Ventures, GV, Stanley Druckenmiller, Kevin Warsh, Lightspeed, Foundation Capital, Andreessen Horowitz, Wing VC, NFX, Valor Capital, Zhenfund, INBlockchain, Ceyuan Ventures, Sky9 Capital, and many more.

However, reports indicate that Basis started their funding campaign as early as 2017, when cryptocurrencies really began to hit the mainstream.

Basis was founded by three Princeton graduates in hopes of creating a stablecoin which would help to bring stability to the cryptocurrency market.

A common theme seen with cryptocurrencies is their volatility and unpredictable price actions. This has created an environment where more conservative investors are wary of investing due to the higher levels of risk in comparison to stocks or bonds.

cryptocurrency investing

Compared to traditional equity markets, the cryptocurrency market often experiences higher levels of volatility, with 5 percent days being commonplace.

Al-Naji put it best:

The price volatility of cryptocurrencies is one of their biggest barriers to widespread adoption,

Surveys have found that one of the primary reasons why investors are unwilling to put money on the cryptocurrency space, is due to the high risk which they are known for. Since the start of 2017, Bitcoin has gone from $1000 to $20,000 and everywhere in between. Before mainstream adoption arrives, it makes sense that the cryptocurrency market will need to stabilize and find a solid ground as to become more appealing to traditional investors. 

By introducing the Basis stablecoin, the Basis team hopes to create an environment where people are actually willing to spend cryptocurrencies instead of trading or ‘HODL’ing them as a store of value.

Basis plans on doing this by creating an algorithm based ‘central bank’ which would allow the value of the currency to inflate and deflate “just like a real currency.”

At the moment, it is unclear exactly how exactly they plan to accomplish this. Although seeing that they have support from leading VC funds, there is a high likelihood that they have promising prototypes which have impressed the eyes of investors.

But What Are Stablecoins?

Stablecoins are cryptocurrencies that use certain on-chain applications to help emulate prices of values that are not specific to the cryptocurrency market. Tether, the most prominent cryptocurrency by market-cap, links their token to the U.S. dollar, with the cryptocurrency trading at just around $1.00 U.S. at all times.

But What Are Stablecoins?

However, stablecoins can also be linked to other values, with some projects looking into linking the price of their stablecoin to gold and a variety of other assets.

The only requirement for stablecoins is that they are linked to a relatively stable asset, something that is often highly liquid and widely accepted. However, there was some news earlier this month, with a new cryptocurrency looking to be linked to Habanero peppers, this being a rare exception to the prior rule.

Stablecoins and their respective companies hope to provide the benefits of the transparent and decentralized blockchain while still holding value with a stable, digital asset.

Unlike, Tether, who has been under fire due to transparency issues, Basis hopes to become the future of stablecoins, which will help propel them to become a larger financial player, in the ever-growing cryptocurrency space. Despite this previous goal, Basis hopes to go even further by reaching beyond the cryptocurrency space to become a source of financial stability all across the world’s markets.

The CEO of Basis stated:

We believe Basis can help solve this problem of currency instability for people in the developing world. By providing anyone with an internet connection access to a stable and secure medium of exchange for the first time, we believe Basis can significantly increase the efficiency of the economies of developing nations.  

How will Basis fare against established stablecoins like DAI and Tether? What will make this different than other Stablecoins? Please let us know in the comment section. 

Images Courtesy of Shutterstock, Twitter

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