Bitcoin bulls ignore the rejection of the Winklevoss Bitcoin ETF

After the US regulatory authorities rejected the Winklevoss Twin’s application for a Bitcoin Exchange Traded Fund (ETF), the crypto currency once again demonstrates its robustness and resilience, staying above USD 8,000.

Bitcoin code only shrugs briefly

Previously, on 10 March 2017, the Securities Exchange Commission (SEC) had rejected the Winklevoss Bitcoin code Trust’s petition to trade the first Bitcoin code. The SEC then approved a petition calling for a review of the disapproval. In this second review, on 26 July 2018, the SEC again rejected the listing of the Winklevoss Bitcoin ETF. The ETF would have been traded on the Bats BZX, Inc. if admitted.

As an immediate reaction to the SEC’s rejection, Bitcoin’s share price fell to close the trading day at USD 7,951, but on the following day the crypto currency quickly reduced its losses to a high of USD 8,262. Certainly, the SEC’s rejection represents a significant setback for Bitcoin’s enthusiasts and investors. Many believed that SEC approval of a Bitcoin ETF could trigger a big bull run. In fact, crypto currency expert and trader Tom Alford conducted a study in which he concluded that Bitcoin’s price could have increased by 500 percent if the ETF had been approved. However, one should be aware that there is a difference between the Winklevoss and Vaneck’s important Bitcoin ETF proposal. Bitcoin can grow 500 percent with ETF approval – Tom Alford study KLICK UM ZU TWEETEN

Ethereum code Commissioner Pierce

However, the SEC’s rejection was not unanimous (3-1). And for the first time, Ethereum code commissioner publicly supported Ethereum code rejection based on Section 6(b)(5) of the Act, which requires that the rules of a national stock exchange be designed “to prevent fraudulent and manipulative acts and practices” and “to protect investors and the public interest”.

Hester Peirce, who disagrees with the rejection of the ETF, claims that Winklevoss’ motion is in compliance with Act Section 6:

I am concerned that the Commission’s approach undermines investor protection by excluding greater institutionalisation of the Bitcoin market. In general, the Commission’s interpretation and application of the legal standard is a strong signal that innovation in our markets is undesirable, a signal that can go far beyond the fate of Bitcoin ETPs.

Chris Concannon, President and COO of Cboe, responded to Peirce’s statement: “We are examining with interest the Commission’s Communication and Commissioner Peirce’s dissent”.

Populous Coin – Bill financing on blockchain basis

The Populous Coin is a token that can be used to make peer-to-peer payments on invoices. The developers used the decentralized blockchain architecture, which serves as a platform for payments, and fall back on the Smart Contracts, which are based on the blockchain from Ethereum.

In addition, the platform offers short-term cash flows to help small and medium-sized companies in particular with their sales. The Populous platform was only founded in 2017, so it is still a young crypto currency and the development is not yet complete. You can find out more about the crypto currency and the forecast for the stock exchanges here.

Populous Coin – What is this crypto currency according to onlinebetrug?

There are two types of coins, says onlinebetrug. One is the Populous Platform Token. This was issued in a pre-ICO to finance the coin development. The ICO is the “Initial Coin Offering”, the first issue of coins on a large scale. Within a week the developers were able to sell enough PPT’s to start working on the project. With the tokens you can invest in the network and get pokens, the second kind of crypto currency.

Pokens is the actual Populous crypto currency that will later be used to pay bills. The Poken is based on the Ethereum blockchain, so it is one of many ERC-20 tokens that are particularly suitable for Smart Contracts. Smart Contracts are digital contracts whose conditions are automatically checked and whose contents are fulfilled automatically when the conditions occur. On the platform, invoice financing via Smart Contracts is to be handled securely and simply.

The platform wants to be an alternative invoicing and financing trading platform. Using the virtual interface of Ethereum, financing trading should become possible for everyone, instead of only for banks and financial institutions, for companies and wealthy private individuals. Since the blockchains are decentralized, this crypto currency can be used to participate in invoice trading anywhere in the world.

The coin is used as a currency token and is called a “poken” by the Bitcoin trader

They are supposed to be linked 1 to 1 to the worldwide national Bitcoin trader currencies. At present, the conversion only works in pounds sterling, as the company behind the coin is based in London. In the future, users of the platform will be able to convert their pound pokens into pokens in other currencies like this: This will be done on the basis of the respective conversion rates as set by the national stock exchanges. This should make it possible to handle the accounting of any currency without a third party. In addition, the pokens have the advantage that they are stable and customer-specific and thus protect the buyer’s and seller’s invoices from price fluctuations.

The platform executes smart contracts between invoice buyers and sellers. Payments with the Populous Coins are confirmed only then, if all legal requirements, which were specified in the Smart Contract, were executed legally obligingly. Only then are the transactions carried out. The transactions take place by means of the Pokens, so that the sales can happen across currency borders. The populous crypto currencies that the seller receives can then be converted into his own currency. The seller does not have to first go to other financial institutions with his pokens or sell the pokens on crypto exchanges for fiat money.

On the Populous platform, Smart Contracts are protected by special technologies so that manipulation and fraud can be ruled out. The platform uses XBRL (eXtensible Business Reporting Language), a global standard for the exchange of business information. XBRL is freely available to the participants. XBRL is used to create and exchange financial documents, such as company financial reports. At the same time, Altman Z scores are used. The Altman Z-Score formula is a global standard in the financial industry and was published in 1968 by Edward I. Altman, a professor of finance. The formula can be used to predict whether a company will go bankrupt within 2 years. Through XBRL and the Altman Z Score formula, the platform is not dependent on the assessments of external credit rating firms.

Bitcoin Merchandise – The Hype around Bitcoin & Cryptocurrency

Bitcoin Merchandise – The hype about crypto currencies continues. The number of users interested in Bitcoin Revolution is such a financial instrument is increasing. Investment in crypto currencies in 2018 will be an even more relevant trend than it was in 2017. It all boils down to Bitcoin and other crypto currencies continuing to grow.

Bitcoin Merchandise – Why is the hype around Bitcoin & Co. unbroken?

From government agencies to financial experts to entrepreneurs and investors, everyone seems to be talking about Bitcoin. And why wouldn’t they? This virtual currency has reached a stock exchange price of $19,000 in December 2017 with its meteoric increase in value. That caused a sensation. This brought your investors a return of over 2000 % in 2017 alone!

Why is the hype around Bitcoin Profit

This astonishing rise in the Bitcoin price has led to a frenzy in which people on both sides of the camp have a strong opinion about the crypto currencies. There are some who say that it is the future of money, while there are others who are firmly convinced that it is a bubble, not unlike the dot com bubble of the late 1990s and early 2000s.
In the midst of suspicions, fantastic projections and prophecies Bitcoin Profit of doom, many of the core issues surrounding Bitcoin seem to be lost. While there is much talk about Bitcoin and the crypto currency space in general, there is still a great deal of misunderstanding about the key issues on the market. So that Bitcoin Merchandise does not lose its credibility, it is necessary for the information portals to illuminate some of the darker but important areas of the Bit.coin revolution so that they no longer remain a mystery to the average citizen.
Who is currently the largest provider of Bitcoin Merchandise & Crypto stuff and Why?
A bit of history – Bitcoin was launched in 2009 based on the 2008 white paper by anonymous Satoshi Nakamoto. In this white paper, the Bit.coin protocol was introduced as a peer-to-peer payment system using a distributed general ledger as a blockchain. Some also call this hour the birth of Bitcoin Merchandise.

The blockchain, which is the core technology of the Bit.coin protocol, aroused great interest in many business areas. Soon the blockchain was seen as disruptor technology and as one of the most important new technologies of the 21st century. In the following years many Bit.coin derivatives were released and the world of crypto currencies continued to expand. A new merchandise market was created in the crypto industry.

Analysis of the Bit.coin hype – In order to do justice to an analysis of the hype, a multi-faceted approach to all situations, circumstances, prevailing market factors and the various reasons that have contributed to Bit.coin’s profile over the years is required. There is no clear explanation why bit/coin has seen a gigantic increase in less than a year. Rather, a number of factors have come together to cause this phenomenon.

Where there is a hype there must also be a Bitcoin Merchandise Market. With investors wishing to diversify their portfolios, Bit.coin seemed to be an interesting proposition, especially when its price began to rise. This also attracted the merchandise market. This appreciation, coupled with the fact that the market is not controlled or regulated by government / financial regulators, attracted many more investors into the crypto currency trading and bitcoin merchandise markets.

The 2008 global financial crisis was a turning point for many people. It prompted people to actively seek ways to secure their financial prosperity from the established markets. After Bit,coin had followed such a far-reaching event and promised a much safer market, many were attracted and began to invest.

In an interview with CoinDesk

The blockchain allows not only the storage of large amounts of information with full security guarantee, but also the quick verification of the authenticity of any document. In addition, it is impossible to falsify or modify the data stored in the blockchain system because only the user who created it has access to it. Any company can use this technology to ensure the secure storage of confidential data.

In an interview with CoinDesk, investor Tim Draper noted that the platform can alleviate the problems of centralized data storage services.

Draper said:

“Centralized data is exposed to critical problems in the event of a specific error, whether user error or malicious hacking. By decentralizing data through the blockchain system, Factom eliminates critical failures due to user errors or hacker intervention.”

The project already has a company product. A data protection tool that provides a solution for identifying and distributing the data repository. Similar to a traditional database.

Factom Coin Course – Development – Forecast
Factom Coin Price Development Forecast
Today the price for an FCT coin is $33, trades are held on many exchanges where you can buy this coin. When the Fact om Token is popularized, the number of exchanges where it can be sold, bought or exchanged for Fiat money increases.

There are about 8.7 million units of the token in circulation. The development team plans to release it further, as the crypto currency is to be popularized. This can and probably will have an impact on the FCT Coin price.

The crypto currency and its price shows a stable growth throughout its existence, which speaks for a positive factom coin forecast.

Future Factom Coin Development

The Fact/om Coin seems to be quite a promising project with a great future, testifies to the success of the ICO, which has already attracted more than $11 million in the early stages. It should be noted that investors in the project are such well-known companies as Fenbushi Capital, the Bill and Melinda Gates Fund, Draper Associates, Overstock and Stewart Titles.

The company Microsoft as well as several large companies and banks have expressed their interest in the project. They all take into account the possibility of using the Fact/om system to store their databases with quick access to information and with a high degree of protection.

Not so long ago, the company launched a new project for its Blockchain network. It attracted a stake in capital investments of around $4.2 million. This time the investment cycle was led by venture capitalist Tim Draper.

According to the news of the site Frisco Fastball: Any financing shows the confidence of investors in the company. On average, start-ups in this sector sell about 67.77% of the total supply of coins, Faktom Coin sold 100.00% of its “offer”, so no comment. This huge interest in the project will have a positive impact on factom coin development and we could see a test of the all-time high at $80. But the external market conditions in the crypto industry must also be suitable for this.

Create Factom Wallet
The wallet and the FCT token function similarly to Bitcoin: security is increased with a multi-signature function. In this case, transaction processing is restrictive – if the FCT Coin address or other data is entered incorrectly or the system detects another deviation, the invalidity of the transaction is displayed and the operation is rejected.

What is a Faktom Coin (FCT) address? This is analogous to the bitcoin address that prescribes the way to your credit in the system. To completely decentralize the crypto currency, the tokens are specified in protocols that exclude spam. Coins can be converted into loans and paid to servers.

Where can I buy the Factom Coin?
The crypto currency can be stored using an official electronic wallet, which you can open after registering on the official website. Immediately after registration, it is suggested that you open three types of Factom Wallet:

the mobile version;
the version for PC;
the online wallet.
Among all types of wallets, Faktom Coin’s online wallet is the most practical and popular among network users, but we would recommend a computer version. It has a simple but practical design and broad functionality.