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Crypto Crash? Not Really... 

Every year Cryptocurrency Market keeps attracting the attention and trust of masses. Mostly, people divide into two camps: those who trust in crypto, and skeptics, who keep saying that “sweet 2017” will newer happen to cryptocurrencies again. Firstly, let’s summarize what the past 2019 year led to. The Six Main Crypto-Market Changes During 2019: 1. s - the first, and the most important step. 2. 3. 4. T . During the last year total Cryptocurrency Market Cap grew by 54%, namely $126 - $194 bln. 5. 6. - Initial Exchange Offering (IEO) as a new and better alternative. Cryptocurrency Regulation Market consolidation The partial hookup of Crypto and Fintech he total capitalization of all crypto assets has grown Bitcoin capitalization has doubled ICOs are almost dead : The year will start with 5AMLD - Starting from January 10, 2020, the Fifth Anti Money Laundering Directive (5AMLD) takes effect. I have already outlined a more detailed overview of this regulation in my previous . Check it for more information;). - this year predicts the creation of unique products related to the gaming industry and others. Game developers and enthusiasts are increasingly exploring what blockchain can do for their gaming systems and how they can incorporate cryptographic assets into. According to Paul Veradittakit’s prediction for gaming will likely boom in 2020 because of important developments in high-performance tools that allow games to run on previously-rate-limiting blockchain technologies, better architected smart contracts, second-layer solutions, and abstracted infrastructure/digital asset storage that makes it easy for game developers to build digital assets into the gameplay and character experience. Hopefully, we’ll see something mainstream on a platform like Steam or Twitch that really puts the power of blockchain in the context of the average gamer. Despite the fact of crypto being popular for quite a long time, there is still a problem of “how to start” for newbies because most people find Trading hard and complicated process. Since Crypto and Fintech Markets become almost united, this will certainly lead to a jump in new users from the classical financial market. - : many platforms do now provide full supportive instructions of how to register, create the personal wallet, Deposit and even make first operations - Thank God now Crypto won’t seem so mysterious any more! - : due to colossal competition in the market, developers are forced to create unique conditions in order to interest new customers and keep the old ones. - best developers provide users with information about the last market changes. - T different traders use different options depending on the outcome they are aiming at. The details of the order types are outlined in my article. - both new and already existing projects understand that each trader has different opportunities and, unfortunately, not everyone can trade at the pro-trader level, but all users would like to receive the corresponding profit, of course. So, why not to share your money with PRO (Social Trading in other words)? Let’s find out what this term means? According to is a form of investing that allows investors to observe the trading behavior of their peers and expert traders and to follow their investment strategies using or . - probably the most known platform for crypto trading with the help of pro-users. Using these service traders can track and invest in variety of fin.instruments; - the new and promising fast-developing project which aims to be the first cryptocurrency exchange platform that has its own social trading module. The project will release its early version soon; - cryptocurrency exchange promises it’s users access to Сopy Trading this year, but only in case of paying with the exchanges native token; - is also the service, which gives the opportunity to copy some leading cryptocurrency traders and earn success fees; and more. What to expect from 2020? Regulations will continue article The crypto industry will gradually become “wider” and even more specialized Coindesk The trend of “crypto for new users” have already started forming, and will definitely continue developing this year. Best practices for new users: Knowledge Useful unique features Analytics and etc.: he ability to place different types of orders: "The Most Useful Instruments on The Crypto Market" Repeat practices of successful traders: What about me, I am a huge fan of Social and Copy Trading. Why? It has a mass of pros and just little cons, probably I will do an analytical study and make an additional article regarding this option soon because it is worth to study this question better. Wikipedia Social trading Copy Trading Mirror Trading Think you were born a professional trader or investor? If you don’t why to refuse any help? Here are some platforms where you can work with professional cryptocurrency traders: eToro Binaryx EXMO Covesting In 2019 . Doing this developer expand Deposit and Withdrawal Options for their coins. For example, Tether (USDT) - one of the most popular stablecoins support both ERC20 and TRC20 standards. - for most platforms verification will become mandatory due to regulations. - Bitcoin will continue showing recovery signs. Everybody is waiting for . Historically first two halvings had an extremely positive effect on Bitcoin’s price and most BTC-holders hope it would repeat. But, unfortunately, any past events can not guarantee future positive results. many popular coins started the tradition of supporting several protocols Identity verification Proof of Life Bitcoin Halving Still not in crypto? Wonder how to choose a safe and convenient crypto platform? Here is a small instruction, I always insist on six important steps before creating an account: — reputation is always the major point, which defines the brand in general. Reputation — is the second and very important way to identify the right platform, as it’s important to know your money is safe. Security — some exchanges have fees for every transaction, some of them are not. Choose the platform according to the kind of trader you are. Fees — every platform has different methods, make your own analysis and find out what fits you more. Payment Methods — are also important. Pay attention to this part before completing the registration. Verification Requirements and Geographical Restrictions — the best services offer 24/7 help. Support

What Crypto Novelties Should We Expect in 2020?

The State of The Market — February 22, 2019 : $3,996.01 (+0.99%) : $148.18 (+1.63%) : $0.321907 (-0.28%) BTC ETH XRP After struggling for days, Bitcoin touched $4,000 today. However, it has not comfortably cleared it yet and it is still trading below that point on many exchanges. Ethereum, on the other hand, has not touched $150 yet. Both cryptocurrencies are expected to go past their resistances in the weekend. Bitcoin could even test its resistance at $4,200, which could further push its price to $5,000. Most cryptocurrencies are in the green today, and the total market cap added $1.5 Billion in the last 24 hours. In other news, . While a bulk of the amount has been raised, the firm revealed in August last year that they had raised $100 Million. Therefore, they managed to raise only $25 million in the last 6 months. Pantera partner Paul Veradittikit blamed the bear market and said fundraising has slowed down for the entire industry. Also, . The agency is taking public applications on its website and they will contact applicants that could help them with the investigation. Bitconnect was a popular ponzi scheme that promised 10% monthly returns to investors. At its peak in December 2017, it was worth over $2.5 Billion. The entire scheme came crashing down after two state-level regulators published letters warning investors. Crypto-focused venture firm Pantera Capital has secured $125 million for its $175 Million fund before the March closing the FBI in the US is investigating $2.5 Billion crypto Ponzi scheme Bitcoinnect and they’re now looking to talk to victims IOST boasts “more truly playable dApps” for the community. To start, they have tipped their hand to six of these gaming dApps that will launch on March 10. These include: IOST JOY, from Team Joy, which is a multi-player “blockchain version of Glutton Snake”; Next is Liar Game, which is based on a popular Japanese television series; Realm X and IOST Game incentivize gamers to use their imagination to create content; Cell Evolution is a play on cell populations for survival; Endless Game boasts several games on its platform, including Endless Dice. The system distributes daily IOST dividends; CryptoNinja, as the name suggests, is a Ninja fighting game boasting treasuries and castles. IOST’s mainnet launch is taking place on Feb. 25 and will be live-streamed. ( ) 1) The IOST team has provided a glimpse into the decentralized apps (dApps) that will be making their debut on the mainnet. Read More The bank is partnering up with 60 other financial institutions throughout Japan, totaling 56 million user accounts, which will serve directly as digital wallets on the J-Coin Pay platform as the bank attempts to fight off outside players in the cashless payments market, like Line and Rakuten. The value of the J-Coin is fixed at a value of 1 yen (1 cent), and can be used to handle both payments and remittances. ( ) 2) A megabank in Japan, the Mizuho Financial Group, recently announced that it will launch its digital currency service and stablecoin on March 1st. Read More The Brazilian bank explained that it will back its blockchain-based token with distressed Brazilian real estate properties and it will also offer a secondary market after the sale in order to ensure the liquidity of the issued tokens. The offering opens the door for Brazilian and international investors to invest in Brazil’s real estate market and ReitBZ (RBZ) token will be available through a “low-cost, tax-efficient structure”. BTG Pactual CEO Roberto Sallouti explained that typically global retail investors experience difficulty accessing investment opportunities in Brazil and BTG Pactual is “constantly exploring innovative ways to promote, democratize and encourage the development of financial and capital markets.” BTG Pactual will partner with Gemini Trust Company to use the U.S.-dollar backed Gemini dollar stablecoin to accept investment capital. Dividends will be distributed over the Ethereum blockchain. ( ) 3) Banco BTG Pactual has announced plans to raise $15 million in funding through a security token offering. Read More Subscribe to the Berminal Brief Newsletter Download Berminal App for Free The Berminal Website Berminal Official Telegram Berminal Twitter

IOST Reveals Gaming Dapps, And Japanese Megabank To Launch Stablecoin Next Month

The Wall Street Journal on September 28th on how popular crypto exchanges are laundering money from known fraudsters. The report revealed that investigators have traced nearly $90M of laundered money. published an article While the investigation is informative about how the laundering process works on these exchanges, the most notable one in the US being the account-less exchange ShapeShift, the article primarily serves as a legitimizing factor: the known problems with unregulated exchanges now have known consequences. The possibility that these exchanges could be used for illicit purposes is no longer a mere possibility, but reality. Another interesting aspect of this article was when the journalist interviewed Paul Veradittakit of Pantera Capital, one of ShapeShift’s investors. When asked how he made the investment decision in Shapeshift, Paul said “I trust Erik. I know that Erik is not a first-time entrepreneur.” Even though Erik was previously for violating securities laws, something that is easy to turn up in a Google search. To make matters worse, Pantera Capital explained that they talked to their lawyers, who told them that trading cryptocurrencies does not require any kind of regulation. ShapeShift raised the capital and went ahead with a business model centered around anonymous accounts, opening the door to massive fraud. sanctioned by the SEC Investors have a responsibility to vet their investments, and they just cannot invest in fraudulent businesses. Why not invest in , the famous online black market for drugs? Surely, had the government not shut it down, investors could have seen very handsome returns if they invested early. Silk Road There is a good reason you don’t hear about investors funding lucrative, but illegal, businesses, and it is called The Racketeer Influenced and Corrupt Organizations Act, or RICO, which was signed in 1970. This law was put in place to effectively go after the Mafia and legally seize their assets, which included real estate, bank accounts, and businesses “associated” with organized crime. However, the definition of organized crime can be expanded to include wire fraud and financial firms who finance terrorism and scammers. The government just needs to show there were two instances of racketeering in a business, and you are done. Wait, so this means the SEC could invoke the RICO Act and seize the assets of the ShapeShift investors who invested in two crypto exchanges that were not properly registered, per regulatory requirements? Investors in VC funds active in the crypto space should be worried. Some limited partners in VC firms include teacher unions and University foundations. Ouch! The next announcement of September 28th came from Michael Arrington, who is the founder of TechCrunch and whose hedge fund XRP invests in cryptocurrency businesses. Michael announced via Twitter that he will no longer invest in US-based blockchain businesses because of the second subpoena he received from the SEC. The second one? Michael has a point. The cost to properly respond to a subpoena is anywhere from $50,000 to $500,000, each time you receive one. The cost is mostly attorney fees, but also accountants and vendors specialized in retrieving data in the format the SEC is requesting. Michael’s solution is simple: do not invest in US-based companies avoid subpoenas from US regulatory bodies. However, this does not really solve his problem. Why? If those foreign businesses do business with US persons, then Michael is not really escaping any oversight from the SEC. They can still subpoena his firm. Just take a look at 1Broker, a company based in a small group of Islands in the Pacific that had their by the FBI last week as a result of the SEC’s investigation into the platform. website seized People really believe the U.S. is the only country with security rules and a justice system. While the SEC has been more vocal than many regulatory bodies, it does not mean that other justice systems are not watching the space closely. You can bet that they are. Michael’s statement “we will not invest in any further U.S. deals until the SEC clarifies token rules” is a strongly worded tweet that generated online buzz, as I’m sure it was intended to, but it ultimately ignores broader regulatory questions. Do the rules need to be more clear? Funding businesses that support illicit activity leads to subpoenas and possibly further enforcement action. That seems pretty straightforward to me. The next step for Michael is to answer the subpoena and change the fund’s mission to only invest in properly vetted businesses that abide by and operate within the legal limits. The penalty for not doing so: answering to the RICO Act and the seizure of his fund’s assets. Not a fun process. StartEngine is a leading equity crowdfunding platform that has helped 250+ companies raise over $80M. We are also currently raising capital. Join the nearly 3,500 StartEngine Owners who have already invested in us. Invest in StartEngine here . For more information, view our Offering Circular .

Are Crypto Investors Running Afoul of the RICO Act?

The State of the Market:Today was an uncharacteristically stable and flat day for the cryptocurrency markets, with only minor 1–4% losses among the top 10 coins. Bitcoin (BTC) held stable at just above $6,300 for a decrease of 1.2% on the day and Ethereum (ETH) loss just 0.4% of its value to settle in at just under $290. Crypto hedge fund Pantera Capital is reportedly looking to raise $175 million for its third venture fund, according to a report today from TechCrunch. Pantera’s debut funding round in 2013 raised $13 million, and its second brought in $25 million, so the current target figure marks 6x increase from their previous funding goal. Pantera partner Paul Veradittakit remarked that the new target is a “function of how fast the space is moving, the talent coming in, the opportunities, and the sizing of rounds” and that “with more interesting later-stage investments [on our radar], too, we want to be flexible and able to move with the market.” A recent SEC filing shows that Pantera has already raised $71 million from about 90 investors ( ). read more Huobi, the third largest cryptocurrency exchange by daily trading volume, recently partnered with five firms to help them launch their own trading platforms by providing their recently launched Huobi Cloud platform. The five firms — Yatai International Holding Group, Vnesheconombank, Chi Fu Group, Asia International Finance Holdings, and Dbank Group — will use the Huobi Cloud service to create new exchanges in the Philippines, Taiwan, Indonesia, and Canada ( ). read more U.S. delivery giant United Parcel Service (UPS) is exploring ways in which blockchain technology could help streamline package delivery logistics across a global supply chain. A recent document published by the US Patent & Trademark Office (USPTO) on Thursday, outlines a patent application filed by the Georgia-based UPS has applied for a system based on distributed ledger technology (DLT) that would be used to route packages throughout an international supply chain. The patent explains that, although shipping logistics companies are good at optimizing package routing to increase efficiency and minimize costs, they still struggle to coordinate logistics for shipments that involve more than one logistics service provider transportation network. It’s this issue that the UPS hopes to ameliorate with blockchain ( ). read more Subscribe to the Berminal Brief Newsletter Download Berminal for Free The Berminal Website Berminal Official Telegram Berminal Twitter

Daily Berminal Brief (8/16/18): Pantera Capital Kicks off $175 Million Funding Round

Ethereum’s mission is to become a decentralized world computer that replaces server farms. Think of it as a single computer that the whole world can use. It can’t be shut down or turned off. As an overview, here’s a and an explanation of . beginner’s guide to Ethereum how it technically works If Ethereum is a computer, then each one of these updates can be looked at as an operating system (OS). Similar to launching Android Oreo or Apple launching iOS 10, Ethereum is launching in four stages. Google Each stage adds new features and improves the user friendliness and security of the platform, while allowing Ethereum to scale. (July 2015) — First live release of the Ethereum network. It allowed developers to experiment, mine Ether, and begin building dApps and tools. Frontier (March 2016) — First production release of Ethereum that brought many protocol improvements which lay the foundations to upgrades and for speeding up transactions. Homestead future (Oct 2017) — Lighter, faster and more secure Ethereum broken down into two releases: Byzantium (Oct 2017) and Constantinople (TBA) Metropolis (TBA) — Will bring us the long-awaited Proof of Stake using the Casper consensus algorithm. Serenity All of these updates will help Ethereum scale, which means faster transaction times and lower fees for everyone. As you can see, the Ethereum team has done a great job of scaling transactions. Source: Etherscan The Current Stage: Metropolis Metropolis promises to be a lighter, faster and more secure version of Etherem. It will also provide greater flexibility to smart contract developers. Metropolis will be split into two core releases: Byzantium and Constantinople. The first hard fork (Byzantium) took place in . The second hard fork (Constantinople) does not have a set date yet but is expected in 2018. October Each of these phases includes a set of Ethereum Improvement Proposals or EIP for short. Byzantium has a total of to improve the network’s privacy, scalability and security. All of these updates will result in faster blocks and lower fees for users. nine EIPs Here are the major updates of Metropolis: Privacy — ability to perform anonymous transactions (zk-SNARKs) Easier programming for developers More predictable gas charges Increased security for wallets (account abstraction) Mining adjustment that will make mining more difficult (difficulty bomb) Privacy In Metropolis, developers will get a new privacy tool — the ability to verify zk-SNARKs efficiently on-chain. zk-SNARKs is an abbreviation of “zero-knowledge succinct non-interactive arguments of knowledge.” Simply, a zero knowledge proof is one which demonstrates the truth of a statement without revealing any additional information beyond what it’s trying to prove. Here’s a simple example. I need to prove to John that I know the passcode to a random cell phone. In order for me to do that, I need to unlock the phone without revealing the passcode entered. A zero-knowledge proof is when a (me) convinces a (John) that they have certain knowledge without revealing the actual knowledge. In this example, I can type in the passcode into the phone and show that the phone is unlocked without revealing what I typed. prover verifier So, how does this impact Ethereum? Certain contact variables can be made private. Instead of storing this secret information on the blockchain, it can be stored with users. Some things that can be hidden in a transaction include the sender, recipient, amount, and data. In addition to zkSnarks (used in zCash), Ethereum will get ring signatures as well (used in Monero’s privacy scheme). This is a fancy way of setting that Ethereum will get the best of both! **Account abstraction**In software engineering, abstraction is a tool that allows programmers to think on a certain level of complexity, hiding the details not important to the problem at hand. Developers use abstractions to prevent overloading the end user with details when they care more about higher level concepts. This will give users more control over their private keys while also adding the ability for contracts to pay mining fees. Abstraction will also reduce the risk of being hacked by . quantum computing **Mining difficulty-bomb**The time bomb is to begin the process of moving Ethereum away from Proof of Work (PoW) over to Proof of Stake (PoS). This will make it more difficult for miners and make it less profitable for them in the future as we move from a miner-based PoW to a validator-based PoS system. Also, the number of ETH issued per block will drop from 5 to 3. The Final Stage: Serenity This is the last phase of the Ethereum roadmap and will switch the Ethereum Network from Proof-of-Work to Proof-of-Stake. The hope for serenity is to bring the Ethereum network mainstream. Source: Blockgeeks Proof-of-Work Most blockchains run on ‘proof-of-work’ which means that miners solve cryptographic puzzles to mine a block to the blockchain. These puzzles get harder over time and requires a lot of energy and computing power. The problem with ‘proof-of-work’ is that it’s becoming more and more centralized. This means that a few mining companies control the hashrate of Bitcoin. As of right now, 71.2% of the hashrate is controlled by five mining pools. As the cryptographic puzzles become more challenging, it requires more hardware and energy which is also very expensive. This makes it harder for anyone to mine, which further centralizes to a few mining pools. Why is this bad? If these five mining pools coordinated, they can unleash a . The attackers would be able to prevent new transactions from gaining confirmations, allowing them to halt payments between users. An event like this could possibly even legitimize a different blockchain such as Bitcoin Cash. 51% attack Proof of Stake Ethereum’s solution to this is to move towards ‘proof-of-stake’. This means that validators (instead of miners) will have to put up Ether as a stake and then ‘validate’ blocks by placing a bet on it. If the block gets appended, you will get a reward proportional to your stake. If you bet on the wrong block, your stake will be taken away. Proof-of-stake also helps solves some of the problems with proof-of-work. It helps achieve decentralization, energy efficiency, and helps Ethereum scale. Casper This is the name of the ‘proof-of-stake’ protocol for Ethereum. There are two version of Casper. One is being led by who has been at the forefront of Ethereum’s development. The other is called FFG (friendly finality gadget) that is being led by Vitalik Buterin. Vlad Zamfir Similarly, there will be stakers who “stake” their coins by locking them down in special wallets. These stakers will be rewarded through an annual dividend of ether. So, the more ETH you stake, the larger your dividends will be. In PoS, no matters what happens, you will always win and have nothing to lose. The only way to lose your stake is if you maliciously validate wrong blocks. Casper moves towards a “proof of stake” consensus which prevents a 51% attack from ever happening. hold key implications for Ethereum’s future. Casper secures it further. Temporary and sustained 51% attacks How Ethereum Scales Casper will pave the way for scaling Ethereum to achieve mainstream adoption. In order to do this, Ethereum needs to handle large volumes of transactions. Otherwise, costs skyrocket and it takes longer for transaction to go through. Ethereum founder Vitalik recently proposed a plan to help scale Ethereum through sharding. Rather than have transactions run in linear order, sharding allows blocks to happen in parallel. Think of this as the difference between downloading one song from a friend vs using a Torrent to download the same file from thousands of people. from MongoDB Sharding Intro Sharding is also the process of splitting up the chain data, so that every node only has to worry about a small portion of the chain. This will allow Ethereum to process thousands of transactions per second — all on the same chain. It’s estimated that this will happen in a few years. Bitcoin is processing ~7 transactions / second Ethereum is processing ~15 transactions / second Paypal is processing ~200 transactions / second Visa is processing ~2,000 transactions / second but has the capacity to process 56,000 transactions / second As you can see, Bitcoin and Ethereum have a long way to exceed the number of transactions that Visa is currently doing. (There is also a new company called that claims that it can process 250K transactions / second!) Hashgraph Plasma Similar to Bitcoin, Ethereum has a scaling problem with rising smart contract fees that slow down transaction times, especially during ICOs. Plasma is an update which fixes the scaling issues with Ethereum. This is done in collaboration between Vitalik Buterin and Joseph Poon from the Lightning Network. (Picture crypto’s Kanye and Jay-Z working on a new album together.) According to , there are four major problems that need to be solved to push Ethereum to the next level: privacy, consensus safety, smart contract safety, and the biggest challenge to solve — scalability. Vitalik Buterin Ethereum is still a nascent technology but there are many promising scaling features that will allow to reach mainstream. If Ethereum can achieve its ambitious multi-year vision then it will lay down the foundation and backbone of the blockchain ecosystem! Michael Karnjanaprakorn is the founder of Skillshare and Turing Capital . Thanks to Paul Veradittakit, Julian Moncada, Matt Condon, Felix Feng, Luke Xie, and Jeff Chang for reviewing early drafts of this article.

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