A New Decentralized Platform Helps Investors Enter the Over-the-Counter Ecosystem

This new platform will allow the community of investors to make decisions in a decentralized manner.

Despite its growth in the level of awareness, how to enter the crypto ecosystem still remains a mystery to a lot of interested participants. Most people do not understand how to or where to find entry into a market that is filled with so many opportunities.

To this end, OnPlace, Russian-US-based company, is creating a decentralized investor community for customers to join, allowing for closed Over-the-counter (OCT) assets to be introduced to the market turnover and to create liquidity for them as well. The platform will create opportunities for investing into funds of the fastest growing tech companies around the world with low entry thresholds for the average person to access.

The nature of the crypto marketplace at the moment consists of independent assets scattered over numerous exchanges and platforms. For investors who are new in the industry, this arrangement can be quite disorientating. Having to jump between platforms in order to achieve ownership of tokens and crypto assets entails a cumbersome and sometimes discouraging situation. Therefore, having all processes harmonized on a particular platform that gives investors all the necessary options at a glance is indeed a welcome industrial development.

Unified investment platform

The OnPlace Private Assets Tokenization System (PATS) protocol is designed to tokenize over-the-counter (OTC) assets for customers to invest into. The protocol entails multiple steps firstly establishing a marketplace opportunity window (MOW), following the MOW there is a selection of projects to be tokenized based on the criteria and communal discussions of crypto-investors.

This system will allow the community of investors to make decisions in a decentralized manner in regards to the further distribution and motion of tokenized assets. The use of the protocol will mean that each decision in connection to transactions over tokens will be recorded in a network with its own Blockchain and will not be subject to change.

Letting investors have control

Every underlying asset implemented using PATS protocol will be represented by a separate private token and endowed logic of decentralized management of PATS protocol. This approach is based on the idea of creating a Decentralized Autonomous Organization, in which each holder of a token can directly affect the asset and determine further operations over tokens via voting.

Thus, each decision in regards to operating over tokens will be registered in a network and will not be subject to change. Together with the managing and monitoring functions, PATS protocol provides autonomous safety of investors’ balances from losing funds during the emission and closing of shares.

This setup by OnPlace is expected to solve one of the persistent problems that have hindered the mainstream adoption of cryptocurrencies. The solution that this project brings will allow investors to determine the closing date of an asset, add new assets for examination inside the community, vote for the emission of tokens of underlying assets or change the parameters of circulating tokens and produce equivalent trade of tokens of the PATS protocol directly, without using third-party stock exchanges.

This system enables the attributes of Blockchain technology by allowing investors significant control over the handling of assets that they trade.

Crowdfunding and token sale

Following its creation in 2016 OnPlace now has existing corporate existence in Moscow and the US, with a self-funded bank account of $200,000. Having established a team that developed an alpha version of their Ethereum Blockchain Contracts, launching a closed alpha for early investors, the company has attracted over $1 mln with their first wave of investors from a crowdfunding platform.

OnPlace is prepared to launch a TGE (Pre-Sale) in February 2018, providing customers with an easy way to invest into a number of companies from IT-related industries using business standards and cryptocurrency expertise.


Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

Chief Digital Officer Of Volkswagen To Lead Blockchain IOTA

iota cryptocurrency

The World’s Economic Forum will take place on the 23-23 January 2018 in Davos, Switzerland, bringing together many heads of state, government and international organizations alongside other leaders. The subject of cryptocurrency and blockchain is supposed to take central stage as one of the topics that will be discussed in this summit.

The value of the leading technologies such as Bitcoin, Ethereum, Litecoin and Ripple has all gone down recently, mostly due to the tougher legislations, taxations and even prohibitions of the cryptocurrency by governments. The cryptocurrency has had it’s share of bad publicity these few months and this has come with a price.

Despite that, it is undeniable that the technology behind these companies is one of the best and the life of crypto is still moving on with new developments and new ideas.

The IOTA Foundation, a German non-profit organisation that coordinates and funds the development of the IOTA ecosystem is the first non-profit organization in Germany approved by the government that is focused on this distributed-ledger technology.


It was announced today that the Chief Digital Officer of Volkswagen, Johann Jungwirth will be joining the non-profit organization in it’s supervisory board. Jungwirth comes with a wealth of experience: (responsible for driving the digital transformation of Volswagen Group) and Director of MAC Systems Engineering at Apple and President of Mercedez-Benz Research will be sure to push the company to work faster into introducing this technology to the market.

IOTA- claims to be the first distributed ledger technology to go beyond a blockchain. The way it works is that it enables machines to securely transact data and money with each other. This technology although still in production has been utilised and has enabled payments worth billions of dollars for various companies.

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Vermont Proves ‘Blockchain-Friendly’, Hosts Real Estate Pilot Program

Global real estate Blockchain startup Propy announces a new pilot program in South Burlington, making Vermont a part of the growing Blockchain-for-real-estate trend.

Propy, Inc., a Palo Alto-based global Blockchain real estate marketplace, announced the launch of a pilot program in South Burlington, Vermont to use Blockchain technology to record real estate documentation, the latest related development in the so-called “Blockchain-friendly” state.

The startup, headed by founder Natalia Karayaneva, uses Blockchain protocols to record real estate transactions on a ledger that governments can use to tie titles to properties securely and efficiently. Propy also works to match buyers with both seller and brokers and offers information on neighborhoods where the properties are located.

Michael Schirling, development secretary at the Vermont Agency of Commerce and Community Development, said in the press release that this pilot project is:

“emblematic of Vermont’s long history of innovating business, insurance, and financial technology. We are fortunate to have a cutting edge statutory framework that enables the use of blockchain technology, and we will continue to work with the legislature to ensure Vermont remains at the forefront of these innovations.”

In 2015, Vermont had passed a law related to economic development that contained a section on Blockchain technology. The law mandated that a report be made on the possible uses of Blockchain for the government, such as its potential for the verification of state records and the use of smart contracts.

The real estate industry has already long been making use of Blockchain-protocols and tokenization. In the US, the Miami real estate industry has embraced cryptocurrencies, and property deals in New York and Lake Tahoe have taken place with Bitcoin transactions.

Internationally, property in Dubai and Bali has sold for Bitcoin as well. Propy also previously launched a pilot program in August 2017 in Ukraine, partnering with the country’s Agency for E- Governance to allow foreign investors to purchase property in Ukraine.

The European Commission becomes the Latest to Issue Warning on Bitcoin

european commision

The European Commission has become the latest to speak out against the crypto market, warning customers that they risk losing their entire investment on bitcoin.

Throughout 2017 bitcoin increased its value by over 1,700 percent, with the culmination of December seeing the digital currency within touching distance of $20,000. However, with heightened interest in bitcoin from investors comes further attention from global regulators.

For Valdis Dombrovskis, vice president of the European Commission, his concern lies in the fact that bitcoin remains volatile and that there is no guarantee behind it, reports Reuters. At the time of publishing, bitcoin is trading at $10,804, according to CoinMarketCap. Recent market price corrections amid a major sell off and increasing global regulatory pressure has seen the currency’s value plummet in recent weeks.

Speaking at a news conference, he said:

“In recent weeks, bitcoin has our heightened attention. There are clear risks for investors and consumers associated with price volatility, including the risk of complete loss of investment, operational and security failures, market manipulation and liability gaps.”

He added that investors should realise that bitcoin’s value could drop at any moment, arguing that ‘virtual currencies like bitcoin are not really currencies.’

Dombrovskis’ concerns come at a time when global regulators are focusing more attention on the crypto market and the possible risks associated with it.

Just yesterday, it was reported that India’s tax department had reportedly sent ‘tens of thousands’ of notices to digital currency users following a nationwide survey. According to the report, over a 17-month period more than $3.5 billion worth of transactions in digital currencies such as bitcoin and ethereum were conducted by the country’s citizens. Additionally, banks in India have started to close bank accounts linked to cryptocurrency exchanges.

On top of this is the South Korean government, which is planning to tax digital currency exchanges in a bid to curb the market amid fears that it’s in a bubble waiting to crash. For cryptocurrency exchanges that had an annual income of over 20 billion won ($18.7 million) last year they will be required to pay 22 percent corporate and 2.2 percent local income tax this year. Not only that, but the country’s Financial Services Commission (FSC) revealed that those who want to continue trading cryptocurrencies in the country will now need to have real-name bank accounts. Those with anonymous accounts will be banned by the 30 January.

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KuCoin Becomes First To Open BCH Trading Pairs, Offers Rewards

Cryptocurrency exchange KuCoin is the first to offer BCH trading pair support for six new coins.

It’s no secret that Bitcoin has risen dramatically over the past year. In fact, the price began 2017 just under $1000 and soared to touch $20,000 right before the end of the year.

This spectacular rise brought a large number of new users into the marketplace, seeking to take advantage of Bitcoin, both as an investment asset and as a means of payment.

With the rise, however, Bitcoin also encountered some troubles with transaction times and scaling, and so one group of developers created a hard fork coin called Bitcoin Cash (BCH). This forked coin has been the topic of much debate, and many industry insiders have argued that it is destined to fail.

In spite of the many negative views, though, BCH has continued to maintain a stable outlook, and has even begun to rise in price dramatically, as more users begin to enter the marketplace.

Users who want to access the platform and use it to trade for other cryptocurrencies have found it difficult to do so because of the lack of support from exchanges. That’s all about to change, though, as cryptocurrency exchange KuCoin has just announced that they will add BCH trading pairs, providing access and utility to their customers who trade BCH.

Leading the pack

The exchange is the leader among exchanges in embracing BCH trading pairs over a number of cryptocurrencies. In fact, KuCoin is the first among the top twenty exchanges to offer BCH trading pairs.

The company has already set themselves apart as one of the most innovative and revolutionary exchanges, providing trading and support for a wide variety of coins. The addition of the BCH trading pairs only adds to that market reputation.

The company has added support for the following pairs:
BCH/KCS (KuCoin)
BCH/ACT (AChain)
BCH/XAS (Asch)
BCH/DAT (Datum)

The addition of these pairs creates a number of real advantages for the BCH community. For starters, it opens up a number of new and important trading choices for BCH holders. The trading pairs also provide greater real use cases for the cryptocurrency.

Additionally, through this new trading group, KuCoin is provided a new set of choices for consumers in the marketplace and continues to diversify their platform. With the new trading pairs in place, transaction times and transaction fees will also reduce, making trading more smooth for KuCoin users.


To help launch the new trading pairs, KuCoin has created a number of reward competitions for users on their platform. Users who take advantage of the new BCH trading pairs could win big rewards in a number of different tokens, depending on their transaction volume.

Further, customers who retweet the KuCoin announcement can also receive bonuses in BTC.

For more information, or to sign up to participate in the new trading platform, check out KuCoin exchange online.

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Cryptocurrency trading will got easier and more profitable with the Safinus platform


It’s no longer news that crypto-trading is now one of the most profitable investments available today. In spite of this profitability, the complexity of the market makes it difficult to break into, and those having enough knowledge are hindered by limited funds. Safinus platform is here to plug these gaping holes by providing a dynamic and integrated platform for experienced traders, new investors and innovators alike.

The platform aims at helping all parties achieve more profit while going through less stress. Investors with minimal to zero knowledge of the intricacies of the cryptocurrency world are will have the opportunity of investing their resources to veteran’s investing portfolios so that both parties can benefit from the returns.

A portfolio management option allows professionals to create personal portfolios after depositing 200 SAF tokens on their balance. The portfolio performance is visible to prospective investors who are able to pump more money into the healthy portfolios based on terms set by the portfolio manager. This affords a double advantage of providing more funds for veterans while allowing novices to trade even without a any knowledge of the cryptocurrency market.

The chances of falling victim of fraudulent ICOs or coins is greatly reduced through the cryptocurrency and ICO community voting system. The concept ensures that any cryptocurrency or ICO must receive a majority vote from the platform traders before it will be added to the platform.

Safinus also have a built-in API that provides access to multiple cryptocurrency exchanges. This invariably grants access to large quantity of orders with the best rates through one interface. Other features of the platform include decentralized cryptoexchanges, technical analysis, strategy automation tools and portfolio rating based on Blockchain-proved profitability.

To create a portfolio professional trader must have a balance that is not less than 200 SAF tokens. The SAF tokens would be accessible at a rate 1SAF = 1USD.  A hard cap is $16,000,000 and no additional token would be released after the ICO.

Stage 1. Pre-sale:

The Pre-sale starting 23rd of January and continues until the 14th of February 2018.

1st day – 50% discount

2-8 day – 40% discount

9-15 day – 30% discount

16-22 days – 20% discount

Stage 2. Main ICO:

The main ICO will start on the 2nd of March and go on until the 2nd of April 2018.

1-7 day – 10% discount

Starting from the 8th day – 0% discount

For further inquiries, please visit  https://www.safinus.com/

Whitepaper: http://www.safinus.com/whitepaper/

E-mail: team@safinus.com

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Firms Continue To ‘Capitalize’ On Blockchain Name Hype, SEC Promises Increased Scrutiny

US regulators to increase scrutiny of companies who add ‘Blockchain’ to their names after a string of copycat moves were made, apparently to increase stock prices.

US companies who change their name to include the word ‘Blockchain’ could soon face increased scrutiny from regulators, new comments released Monday, Jan. 22. from the US Securities and Exchange Commission (SEC) suggest.

Speaking at the Securities Regulation Institute Monday, SEC Chairman Jay Clayton devoted a small but pointed portion of his remarks to Blockchain technology. Specifically, Clayton addressed the growing phenomenon of companies adding the word ‘Blockchain’ to their names to “capitalize on the perceive promise” of doing so.

Cointelegraph previously reported on several businesses in the US and elsewhere changing their names so that the word ‘Blockchain’ featured in their official titles. The effect of this has been to dramatically increase the value of those businesses’ stock, allowing short-term profiteering and increased publicity.

In one case, involving a drinks company previously known as Long Island Iced Tea Corp., a name swap to ‘Long Island Blockchain Corp.’ raised the company’s stock prices enough to prevent it from being dropped from Nasdaq.

For the most part, however, it remains dubious how companies incorporating ‘Blockchain’ into their names actually interact with the technology, and to what extent they abide by best practices in doing so. Clayton described the situation, saying:

“I doubt anyone in this audience thinks it would be acceptable for a public company with no meaningful track record in pursuing the commercialization of distributed ledger or blockchain technology to (1) start to dabble in blockchain activities, (2) change its name to something like “Blockchain-R-Us,” and (3) immediately offer securities, without providing adequate disclosure to Main Street investors about those changes and the risks involved.”

This week saw UK-based telecoms acquisitions outfit Stapleton Capital jump on the bandwagon to become ‘Blockchain Worldwide,’ benefitting from a short-lived 130% stock increase which smoothed out to 45% the same day, Jan. 22.

For copycats, it appears, the SEC will soon weigh in to ensure such moves are above board. Clayton closed his Monday remarks on Blockchain saying:

“The SEC is looking closely at the disclosures of public companies that shift their business models to capitalize on the perceived promise of distributed ledger technology and whether the disclosures comply with the securities laws, particularly in the case of an offering,”

Bank of America Drops Free Checking Account for Lower-income Clients

A lot of things are happening in the world of finance right now. Banks have to make some very tough and unpopular decisions. Bank of America is getting rid of free checking accounts. This decision doesn’t go over too well with lower-income customers. They are now required to keep more money in the bank to avoid monthly fees. What makes things even worse is how this funds cannot be withdrawn in case of emergency either.

It is evident Bank of America has made a tough call regarding their free checking account. The business model is pretty straightforward. Consumers can get such an account to access financial services. They need to keep a lower amount of money in their account at all times. With this option no longer available, they will need to keep more money in their account. All customers will be upgraded to this new plan automatically. There’s now a $10 monthly “accessing” fee unless there is a direct deposit of $250. Another option is to keep a minimum daily balance of $1,500 in said account.

An Unpopular Decision by Bank of America

Both of these options are not viable for lower-income customers. Bank of America wants to charge customers for basic checking services. This approach is not unique to BoA either. Various banks around the world have attempted a similar approach in the past. We will see more of these measures in the coming years. Free checking accounts are costly for banks, even though they generate revenue. This mainly comes in the form of overdraft and other fees.

Customers of Bank of America are not too happy about this development. Some users are effectively switching banks because of this reason. It’s evident this move will cost the institution a lot of customers in the long run. At the same time, if other banks implement similar measures, there are few options left available. Emerging players who embrace the free checking account model will see an influx of new customers. the eBanking account was introduced by BoA back in 2010. Eight years later, it will be removed as an official option for good.

It is important to note there’s still an option for lower-income customers. The checking account has a monthly fee of $4.95. Users do not get the option to write paper checks or overdraw their accounts in this case. For freelancers and small entrepreneurs, this decision is a major blow. It is possible we will see a lot of people flock to credit unions moving forward. This move may also push more people into the world of Bitcoin and cryptocurrency. In that ecosystem, there are no fees, penalties, or anything along those lines.

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Power to People: A Decentralized Platform Connects Consumers With Retail

The $28 tln global retail industry is soon to be disrupted by Blockchain based startups working on creating a smarter, safer and more rewarding way to shop.

People keep buying stuff, but there’s a crisis or, as some experts say, an apocalypse in retail that has started in the US and rapidly spread to the other parts of the world. In 2017, nearly 9,000 stores closed in America. More retailers, including Toys ‘R’ Us, filed for bankruptcy than during the Great Recession.

Why are some stores and brands more successful than others? Many retailers didn’t understand customer experience and failed to embrace technology. Customers walk out of their stores empty handed and feeling like they’ve just wasted their time.  

The way stores used to sell and market their products don’t work anymore: the buyer’s mindset has changed. From the business of “selling stuff” retail turned into a business of customer engagement.

In 2018, retail success will be about how well retailers adapt to the changing market around them and their customers’ needs. Blockchain technology could bring brands and consumers together, building a new reward system and making the supply chain more transparent.

What do customers really want?

Customers are not loyal to brands anymore, insensitive to advertisement, and they just don’t have time to waste trolling a store. They are moving online, but quality or selecting a size is always a gamble.

The solution could be omnichannel- a multi-channel approach to marketing, selling and serving customers in a way that creates an integrated customer experience.

For example, some fashion retailers, such as UK based Oasis, are engaging customers through the website, mobile app and in-store sales associates armed with iPads to give you accurate and up-to-date product information right on the spot.

Shping, an Australian-based tech company, has taken this idea one step further by creating a live and working ecosystem that enables shoppers to access useful information about the products they want to buy.

Using the Shping app, shoppers can scan barcodes to learn where a product is sourced, down to the ingredients in some circumstances. Product certifications, nutritional and allergen information and product recall status can be accessed alongside entertaining videos and product reviews supplied by other Shping App users through a barcode scan. For participating brands, the Shping App can even validate the authenticity of products to help shoppers avoid counterfeits and other questionable goods. Thanks to the company’s newest partnership with Everledger, the Shping App can also soon be used to authenticate diamonds and other high-value assets.

To further influence App user’s decisions in store, product brands and retailers can reward shoppers for their engagement and loyalty with a cryptocurrency called Shping Coin (ticker: SHPING), which has just been released to the public in a Token Presale.

How can crypto help change shopping habits?

“Shping is providing a holistic solution for the short-attention economy, connecting brands and their customers, enabling consumers to make smarter, safer buying decisions and rewards them with cryptocurrency instead of directing budgets to advertising middlemen,” said Shping CEO, Gennady Volchek.

The company is building the world’s biggest product database using a range of sources- data supplied by, certification bodies such as Australian Certified Organics, product recall portals, government authorities, such as New Zealand’s AsureQuality, as well as data from participating brands and retailers.

Shping has also established partnerships with local members of GS1, the organization that develops and maintains global standards for business information systems and barcodes. GS1 Australia, Malta, Azerbaijan, Singapore and Russia have all selected Shping as a technology partner for product traceability.

According to Volchek, over 30 mln products have been added to Shping’s global database. It is growing every day and could become the basis for a new Blockchain based retail system, the founders hope.


Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

Litecoin Price Analysis: LTC/USD at Risk of Further Declines

Litecoin Price Chart

Litecoin price is struggling to recovery above $200 against the US Dollar. LTC/USD is currently below $180 and it remains at a risk of more declines in the near term.

Key Talking Points

  • Litecoin price is currently under pressure and is trading below the $180 support (Data feed of Kraken) against the US Dollar.
  • There is a declining channel forming with current resistance at $180 on the hourly chart of LTC/USD pair.
  • The pair may continue to move down and it could test the $165 and $150 support levels.

Litecoin Price Forecast

There was a fresh downside wave initiated in litecoin price from the $216 swing high against the US dollar. The LTC/USD pair declined and moved below a couple of important support levels such as $200 and $180.

The pair even broke the 100 hourly simple moving average to slide towards $160. It traded as low as $165.51 and is currently correcting higher. It traded just above the 23.6% Fib retracement level of the last wave from the $216 high to $165 low.

Litecoin Price Chart

Looking at the hourly chart of LTC/USD, there is a declining channel forming with current resistance at $180. The pair may correct a few points higher, but it won’t be easy to break the $180-185 resistance.

Above $185, the 100 hourly SMA is positioned at $195 to prevent further upsides. Moreover, the 50% Fib retracement level of the last wave from the $216 high to $165 low is at $191.

Therefore, there is a major resistance zone forming around $180-195. As long as the price is below $200 and the 100 hourly SMA, it remains at a risk of more declines.

On the downside, the recent low of $165 is a short-term support. However, the most important support sits at $150-155. The price must stay above $150 to avoid any major increase in selling pressure.

The overall short-term bias is bearish as long as litecoin price is trading below the $200 pivot level.

Trade safe traders and do not overtrade!

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