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Found 35 results

  1. Why Are the Prices of so many Cryptocurrencies Crashing? The crash of cryptocurrency prices continued over the weekend. Over the course of the week beginning July 17, there was a little bounce, but this doesn’t change the trend. More important is the question, why? Why does this happen? Is there any concrete reason?... Read more Here: https://btcmanager.com/why-are-so-many-cryptocurrencies-crashing/ Follow BTCMANAGER for the Latest on FinTech, Blockchain, Ethereum, and Bitcoin!
  2. Bitcoin Certificate is the Most Traded Product on Traditional Swiss Exchange Bitcoin certificate has become the most traded structured product on the traditional Swiss stock exchange, according to local sources... Read more Here: https://btcmanager.com/bitcoin-certificate-most-traded-product-on-traditional-swiss-exchange/ Follow BTCMANAGER for the Latest on FinTech, Blockchain, Ethereum, and Bitcoin!
  3. Dear friends! 1.5 years ago, on the first day of spring, we have launched our Exchange LiveCoin.net. During this time we have done a lot to build better service for you. We won’t claim that we are the best, the coolest and other nonsense. That is not true. There are some older exchanges, which, perhaps, for someone are much better. We can only say that we have a strong and experienced IT team, great financial power and the most serious intentions to become one of the leaders among altcoins cryptoexchanges. Let us introduce our benefits briefly: - Easy registration, no verification required; - Easy to use, intuitive and powerful interface; - Flexible trading fee, which depends on the trading volume; - Different types of orders: Market, Limit, Pending; - Low fees for deposit and withdrawal of funds, a wide choice of payment systems; - Modern 2–level account security system: 2-factor authentification, white list of IP-addresses, pluggable e-mail and sms notification; - The Game; - Friendly and fast support; - Profitable affiliate program, that allows you to choose interest rate. Over 50 markets are available for trading currently. The list of available cryptos is expanding permanently. Please find the list of currencies and fees following this link. We're happy for new clients and ready to improve our trading platform by clients' demands. Contacts: E-mail: support @ livecoin.net ICQ: 668931696 Feedback forms: Livecoin.net/contacts Registration: Livecoin.net/site/registration Twitter Facebook Stay tuned! Stay with LiveCoin!
  4. Welcome to the Future of Energy! Grid+ leverages the Ethereum blockchain to give consumers direct access to wholesale energy markets. This allows customers to respond intelligently, which increases efficiency, decreases cost, and helps move us all to a cleaner future. Announcements 07/11/2017 - Whitepaper Released! Available at gridplus.io Abstract In the past ten years the cost of distributed energy resources (DERs) such as solar panels and wind turbines has decreased significantly. This has led to expeditious and widespread adoption. Additionally, battery prices are rapidly decreasing, making them economically viable to supplement variable generation renewable resources by storing energy for the electrical grid. The confluence of these developments has created an emergent electrical grid where the means of production are less centralized and the control systems are less likely to be strictly top-down. The concept of independently owned and controlled DERs is known as the transactive energy grid. The transactive grid promises to increase durability of the electrical grid while simultaneously increasing efficiency and enabling the adoption of more renewable energy. However, the distributed nature of the transactive grid poses two major challenges primarily related to technical control and grid administration. Both challenges can potentially be addressed using a blockchain. The ConsenSys energy team has several years of experience building and demonstrating proof-of-concept blockchain-based distributed energy resource management solutions. Through this experience, ConsenSys identified the opportunity to form Grid+, which will build natively Ethereum-based utilities in deregulated markets. Grid+ will demonstrate production ready blockchain-based energy solutions at scale in competitive commercial environments. In doing so, Grid+ will enable the transactive grid of the future while proving the advantages of Ethereum over incumbent technologies. Grid+ is developing a hardware and software stack to create a secure Ethereum enabled gateway and connect Internet-of-Things (IoT) devices. The hardware gateway, or “smart energy agent”, is an Internet-enabled, always-on appliance which will securely store cryptocurrencies and process payments for electricity in real-time. The agent will also programmatically buy and sell electricity on behalf of the user and intelligently manage smart loads (e.g. Tesla Powerwall or Nest thermostat). The software stack will work in conjunction with the smart energy agent to make payments using a combination of Grid+ designed payment-channels and a Raiden network hub (when available). Grid+ is developing a system architecture that allows a typical user to leverage cryptocurrencies while remaining unaware of it’s use. Interestingly, the implementation of a secure, always-on system with low friction payment rails provides a missing piece of critical infrastructure in the broader cryptocurrency ecosystem. The Grid+ infrastructure has many uses beyond electricity and will be key to enabling the widespread adoption of cryptocurrencies. How does Grid+ Work? Grid+ functions as a commercial utility in select deregulated markets in the United States. Grid+ agent devices pay for all electricity bills automatically and in real-time. All payments are done over state channels using BOLT tokens. Each BOLT token is equal to $1.00USD and is are 100% backed by USD deposit. All fees from these payments are held by a fee vault smart-contract called Karabraxos. Fast Token Facts Token Model: The Grid+ system will have a two token model. One token known as GRID and the other known as BOLT. GRID will be staked by Grid+ customers to allow customers access to near wholesale electricity prices. The other token known as the BOLT will be a stable token backed by USD deposits and issued by Grid+. BOLT can be used by Grid+ customers whom do not wish to have forex risk associated with cryptocurrencies such as Ethereum. Token Sale: We will be holding a token sale of the GRID token sometime in Q3 of 2017. Token Sale Cap: The sale of GRID tokens is planned to take place in a Reverse Dutch Auction with a cap which is yet to be determined. Website http://gridplus.io Whitepaper https://drive.google.com/file/d/0Bz90riPGRHquRnJLdFdEWTBhY0E/view Twitter https://twitter.com/gridplus_energy Medium http://blog.gridplus.io/ Slack https://join.slack.com/grid-plus/shared_invite/MjAyMDkxNDg0ODIyLTE0OTgwNTU1MDEtODA2YmNiZjE4NQ
  5. KoCurrency Aims to Build the Future of Prediction Markets Cryptocurrency markets are today one of the ways of making some good profits with medium to small investments. The volatility associated with digital currency markets has become attractive to traders. But not only can you make a lot of money but same is true when it comes to losing a lot of money. The key to success in the world of trading is information and the way this information can be used to predict a certain event. And for that prediction markets have long proven to be incredibly valuable tools... Read more Here: https://btcmanager.com/kocurrency-aims-to-build-the-future-of-prediction-markets/ Follow BTCMANAGER for the Latest on FinTech, Blockchain, Ethereum, and Bitcoin!
  6. Altcoin Markets are in Full Bloodbath Mode Holding Altcoins these days is not much fun. The bubble pops, prices are in freefall, and the blood is flowing. Nearly every Altcoin lost 20 percent or more in last days. When will the bleeding stop?... Read more Here: https://btcmanager.com/altcoin-markets-are-in-full-bloodbath-mode/ Follow BTCMANAGER for the Latest on FinTech, Blockchain, Ethereum, and Bitcoin!
  7. A Guide to Trading Cryptocurrency Part 5: Bollinger Bands It is very interesting to observe trading veteran John Bollinger turn his focus to the most successful decentralized digital currency, bitcoin. In this guide, you will be introduced to a strategy known as Bollinger Bands, which is reliable and easy to use to trade and make money from cryptocurrencies like bitcoin, ether and others... Read more Here: https://btcmanager.com/a-guide-to-trading-cryptocurrency-pt-5-bollinger-bands/ Follow BTCMANAGER for the Latest on FinTech, Blockchain, Ethereum, and Bitcoin!
  8. WEB | BLOG | TWITTER | REDDIT | SLACK | WHITEPAPER | GITHUB https://contribution.district0x.io/ CONTRIBUTION PERIOD Start Time: July 18, 2017 at 3:00 p.m. UTC Duration: Two weeks, or 48 hours after the soft cap is exceeded, or immediately when the security cap is reached. Soft Cap: $10M USD equivalent in ETH Security Cap: $50M USD equivalent in ETH TOKEN DISTRIBUTION We have taken numerous steps to ensure a level playing field for all and to try to achieve a wide distribution of district0x Network Token holders. No whitelisted addresses No 3rd-party allocations No bonus structure 50 Gwei max gas price Community Advisor Program District Proposal Rewards Tokens reserved for future contribution periods will only be issued in the event that additional funding is needed and key roadmap items have been completed. They will otherwise be burned. The founding team’s stake vests over the course of 2 years with a 6 month cliff. ROADMAP MISSION STATEMENT The district0x Project will facilitate the operation and governance of marketplaces and communities, referred to as “districts”. Districts will operate as decentralized autonomous organizations which will enable the recreation of many of the internet’s most popular applications and services while eliminating rent-seeking and the relinquishment of decisions and personal data to third-parties. OUR VISION The development of the Ethereum protocol has opened the door for experimentation in decentralized organizational structures and the distribution of governance rights to a network’s participants. Projects such as Aragon, Boardroom, Colony, and Giveth are actively working to harness the powers of Ethereum, building platforms that enable non-technical users to create and administrate decentralized organizations. These tools allow for new means of group coordination through economic incentives, making it possible to disintermediate marketplaces and communities and to allocate voting rights to their participants. In short, citizens of the internet can now build and control the platforms they frequent every day. The district0x Network seeks to be home to a vast array of decentralized markets and communities all of which are governed by holders of the DNT token. In accordance with this vision, d0xINFRA has been designed as an open and extendable modular system that allows districts to implement unique features and enhanced functionality via the plug-in of auxiliary modules. In addition to Ethlance, launched in 2017, we plan to launch two additional districts. The first will be ENS Bazaar, a peer-to-peer marketplace for the exchange of names registered via the Ethereum Name Service. The second will be Meme Factory which will allow users to mint their own provably rare tokenized memes which can be immediately posted to a bulletin board-style marketplace for sale or exchange. As a contributor, why should I consider contributing to district0x? By contributing to district0x you will receive district0x network tokens (DNT) which when staked, enable token holders to exert voting right on district proposals and exert decision making within particular districts. Examples of the types of decision rights token holders can make: voting on proposals which guide the future of a particular district, setting district fees, sharing in network rewards. The extent and scope of shareholder right will be outlined in each district's bylaws and will vary according to the specific scope and purpose of each district. As a potential user, why should I consider using district0x? Users of the district0x platform will be able to interact with and use the functionality and services which will be offered by each district. Users will also be able to freely create their own districts. For example, on Ethlance, the first district in the district0x network, users are able to post job listings and find jobs. As a blockchain enthusiast, why should I consider district0x? district0x enables the formation and governance of decentralized autonomous organizations. Decentralized autonomous organizations are the first step in this process. district0x enables the formation and governance of a districts which can operate as DAO’s. district0x NETWORK TOKEN (DNT) The district0x Network Token (DNT) is integral and serves a vital role within the district0x network. DNT is used to provide users an opportunity to freely join and contribute to any district, to align incentives across all of a district’s participants, and to implement coordinated decision-making mechanisms to the district0x Network. One DNT is minted and staked anytime a new district is created. The DNT also operates as voting rights which may be bought on the open market, and then stakes in order to participate in the governance of individual districts. OUR TEAM ADVISORS
  9. Follow Us Website | Whitepaper | Executive Summary | Bounty Thread Introducing Spectiv _______________________________________________________________________________ __________________________________________ Virtual Reality Content With the growing development of virtual reality, the world is beginning to see previously unreal possibilities become commercial realities. As such, many speculate VR to be the next revolutionary tech boom. As a result: 1. The VR industry is projected to grow from $1B in 2016 to $30B+ by 2020 2. Physical VR technologies (headsets, cameras, etc.) will develop and scale rapidly 3. Creating and viewing VR content will become commercially adopted on a large scale 4. Emerging VR platforms and services are positioned to achieve major engagement Currently, the industry is focused on developing the technologies that will make mainstream VR engagement viable. Spectiv utilizes these technological developments to create a dedicated VR streaming platform with mainstream capacity, enabling users and organizations to stream their unique virtual reality experiences to the world. Viewers will be able to engage with these experiences from home, through virtual reality. Our mission is to create truly immersive shared experiences with the power of VR. Signal Tokens: Sigs Sigs are the decentralized token that will be used to generate unique signals to virtual reality content. Signal generators will be able to earn Sig returns for successfully driving viewership, creating a powerful incentive to share VR content and ultimately accelerate VR adoption. Utilizing the Ethereum blockchain, we will be able to create a network for the exchange of VR attention that rewards curators for sharing VR content. In doing this, Sigs will serve as an attention product which inherently incentivizes holders to share VR content, effectively accelerating VR exposure and participation in VR activities. The utility value of Sigs will directly relate to size of the VR industry as a whole. In other words, as VR technology adoption grows, so will the attention that curators can drive to VR content. This means that the value of Sigs to a curator increases proportionately with VR adoption. This attributes an inherently growing utility value to Sigs, assuming future growth of the VR industry. Spectiv Tokens: Specs Specs are the internal currency which will be used to facilitate functions exclusive to the Spectiv platform, including ad rewards, tips, and premium content purchases. These tokens are limited to use within the platform, cannot be transferred out, and can only be acquired through ad rewards or direct purchase on the platform. Specs will have a fixed value and will be offered in three distinct denominations: Gold Specs: $.10 | Silver Specs: $.05 | Bronze Specs: $.01 Signal Tokens will be publicly sold through a token creation crowdsale event. The crowdsale will open on 08/14/2017 at 12pm (GMT -5) and will run through 09/04/17. A maximum total supply of 150 million Signal Tokens may be generated. Up to 90 million Sigs will be sold through the crowdsale for a potential max raise of 45000ETH. Users will be able to buy Signal Tokens with Ethereum via smart contract. The crowdsale will end immediately if the 45000ETH cap is reached. We will host the Sigs crowdsale on the Spectiv site: www.spectivvr.com Pricing For more details on participating in the crowdsale, read: Crowdsale Instructions CoinVault Other Partners: Lucid Dreamscapes | A Luna Blue | More to Come
  10. Auto Sell I have been teaching my son some things about BitCoins, HBN, Markets and Coding. He was looking around Cryptopia and wanted to know what the "API" section meant. The best way to explain is to show. So we worked on it a bit yesterday and I finished it off last night. It is a simple script(s) that will watch your balance and then sell based on your wishes. It can be used with a headless coin that you might mine to and then send as you get coins, or it can be used with S4C on HBN/CAP/HYP whomever is now using it. It uses ruby and shell. So it should work on just about any system. You only need to install MSYS and Ruby on Windows and you are good to go. Linux and Mac should work with little issue. I have attached the code. To invoke you simply need to have all of the scripts in the same dir and enter auto_sell.sh COIN TRADE_TYPE The COIN is just the coin you want to autosell eg HBN. and the TRADE_TYPE is ASK, BID or DUMP. ASK will put the trade on the top ask price. BID will sell on the bid without looking at how many coins. and DUMP (for now) will just subtract a few sats and try to sell the entire balance right away. auto_sell.sh HBN ASK There is only a piece that you might need to fill your self in the ruby code in getbalance.rb . You have to put into an array the COIN to COINID COINHASH = { "HBN" => 84, "CAP" => 213 } And you have to enter your API information into getbalance.rb and placetrade.rb _API_KEY = "YOUR_API_KEY" _API_SECRET = "YOUR_API_SECRET" I have worked with ruby only this once, so it can be created a lot better with time. I also wanted to show him the difference in languages so I used shell with awk for parsing. This is simplistic and not fully vetted code, so use at your own risk. But it works pretty well. auto_sell.sh coin_info.rb getbalance.rb placetrade.rb
  11. Tokenly

    Tokenly Ownership Reinvented Building bridges between business and the blockchain. What are Tokens? Tokens are a digital representation of your good whether it’s a trading card, song, movie, game, loyalty point, membership, and more. You can buy, sell, trade, or rent tokens for any traditional currency, digital currency, or other tokens. Only token holders can use the goods tokens represent and only creators can issue more.
  12. Birth and Death of Altcoins: Scientists Discover Interesting Patterns in Crypto Markets “Bitcoin is not alone.” A recently published paper analyzed the dynamics and pattern of the cryptocurrency markets. The scientists discovered several formulas to describe the market’s behavior - and explained it with a theory of evolution. Everybody who likes both cryptocurrencies and interdisciplinary science will have fun with the paper... Read more Here: https://btcmanager.com/scientists-discover-interesting-patterns-in-crypto-markets/ Follow BTCMANAGER for the Latest on FinTech, Blockchain, Ethereum, and Bitcoin!
  13. The Flippening - Is it Really Happening? Read more Here: https://btcmanager.com/the-flippening-is-it-really-happening/ Follow BTCMANAGER for the Latest on FinTech, Blockchain, Ethereum, and Bitcoin!
  14. Bitcoin Frenzy Spills Over into Small Japanese Stocks As trading volumes in Asia support bitcoin’s bullish run, which extends for a eighth consecutive week, some investors in Japan are using small-cap stocks on the Tokyo Stock Exchange as a proxy for the digital currency... Read more Here: https://btcmanager.com/bitcoin-frenzy-spills-over-into-small-japanese-stocks/ Follow BTCMANAGER for the Latest on FinTech, Blockchain, Ethereum, and Bitcoin!
  15. A Guide to Trading Cryptocurrency Part 4: Renko Charts Renko charts are another Japanese technique that is easy-to-use and reliable for making profitable trades. Similar to candlestick charts, Renko charts are even easier to analyse as these charts abstract from time and volume, focusing only on a substantial part of the price action... Read more Here: https://btcmanager.com/a-guide-to-trading-cryptocurrency-pt-4-renko-charts/ Follow BTCMANAGER for the Latest on FinTech, Blockchain, Ethereum, and Bitcoin!
  16. I highly recommend Blockfolio! I've been using it for a day and it's quite nice. Tons of features. Check out the information below: Blockfolio - Bitcoin and Altcoin Portfolio App Blockfolio offers complete cryptocurrency management, with easy to use tools to keep track of all your cryptocurrency investments. Get detailed price and market information for individual currencies and your entire portfolio all in one place. Portfolio Overview View all your cryptocurrency investments at once and find detailed information on each coin.. Price Notifications Use alerts to get notified immediately when the price crosses a certain threshold. Charts and Orderbook Candlestick charts, orderbook, and market details for every coin. Over 800 Cryptocurrencies Track over 800 cryptocurrencies including Bitcoin, Litecoin, Ethereum, Dash, Dogecoin and more. Latest News Stories Stay up to date with the latest Bitcoin and Altcoin news from CoinDesk, Bitcoin Magazine and more using our News reader. Global Coverage View your portfolio in almost any major Fiat Currency including USD, CNY, EUR, GBP, AUD, CAD, SEK, BRL, and many more. Apple Store http://ios.blockfolio.com/ Andriod Play Store https://play.google.com/store/apps/details?id=com.blockfolio.blockfolio
  17. Has the conversation evolved already? Amid the blockchain technological push, another variation has emerged — the “tangle.” The tangle or Directed Acyclic Graph (DAG) chain essentially means a collection of nodes or vertices, while allowing connectivity between nodes but with no circular edgings. In other words, you cannot start at one vertex and eventually loop back to that same vertex via a sequence of edges (connections). A blockchain can be loosely defined as a ledger of transactions shared by participating nodes in the system operating under some kind of consensus protocol. Read more
  18. A German court jailed a young man earlier this week, local newspapers dubbed him the “bedroom dealer.” Police described the 20-year-old’s internet operation as highly sophisticated, and refer to him as Maximilian S. Since late 2013, the young man has engaged in what Norbet Goebel, the presiding judge at the Saxony high court in Leipzig, called "highly criminal activity," having "flogged almost a tonne of narcotics." The defendant was sentenced to seven years in juvenile detention. More
  19. Bitcoin price tumbles; new supply about to hit the market The bitcoin price is tumbling on Thursday after the surge this week that took it from around $340 on Monday to a peak close to $500 on Wednesday. By 1100 GMT it was quoted around $375. Reasons given for the earlier advance have varied widely from capital flight out of China through to enthusiasm for the blockchain technology that lies behind bitcoin to an alleged Ponzi Scheme masterminded by the notorious Sergei Mavrodi, a former Russian politician who was found guilty in a Russian court in 2007 of defrauding 10,000 investors out of $4.3 million. His new website is called MMM. A Ponzi Scheme is a fraudulent investing scam promising high rates of return with little risk to investors. As for blockchain technology, enthusiasm for it is now immense. A recent report by the professional services firm Deloitte concluded that “although we are not going to see blockchain technology causing a paradigm shift in the near term, we are most definitely seeing a voracious interest in the underlying technology and its cross industry potential use cases.” It added that “while the financial services sector is beginning to respond to the threat and opportunities made possible by blockchain technology, other industries should also keep a close eye on all things blockchain.” However, reports have also suggested that a huge new supply of bitcoins is about to hit the market as the US Marshals Service auctions off many of the bitcoins it confiscated as a result of its Silk Road investigation. Silk Road was an online black market best known as a platform for selling illegal drugs and the auction of 44,341 bitcoins is due to be carried out between 1300 GMT and 1900 GMT today, Thursday. Meanwhile, the prices of other crypto currencies have also fallen back, with litecoin down to $3.94 from a recent high of $4.53 two days ago. The price of dogecoin is currently down more than 12% on the day. via News.Markets http://news.markets/bitcoin/bitcoin-price-tumbles-new-supply-about-to-hit-the-market-18286/
  20. Jersey to introduce 'light touch' Bitcoin regulation Senator Philip Ozouf announced the new legislation at the island's first finance technology conference. The government has been working on the legislation for about 18 months and focused on protecting against money laundering and financial crime. Virtual currency companies will face tighter regulation as they grow. John Harris from the Jersey Financial Services Commission said they would not have to pay a fee or face tougher regulation until they had an annual turnover of £150,000. Robbie Andrews, who founded a group to campaign for Bitcoin regulation, said there were already companies waiting to move to Jersey. He said: "The fact that the government has taken a light-touch approach where other jurisdictions have gone all-encompassing with regulation will be a benefit to Jersey." Virtual currency legislation elsewhere UK - Plans for regulation were announced in the 2015 Budget but no specific details have been announced Isle of Man - Regime to regulate almost all activities in virtual currency Guernsey - No announcement Mr Harris said when looking at the regulation they had to be careful about the risk to the finance industry. Bitcoin expert Dave Birch said Jersey was right to focus on regulation, as it was the area where it could have a competitive edge. He said: "The barriers most of the companies we work with come from the regulatory environment. "Everybody can access Bitcoins and it is hard to see how you can get a competitive advantage when you don't have the same scale as other areas such as Silicon Valley. "Where Jersey has an advantage is being able to connect the regulatory environment to those new key technologies." Officials hope the new legislation will be in place by the end of the first quarter of next year. http://www.bbc.com/news/world-europe-jersey-34616053
  21. Island of Jersey to Soon Give Isle of Man a Run for Its Money Island of Jersey, the self-governing parliamentary democracy in the Channel Islands will soon have a digital currency friendly regulatory regime. The government’s plan was announced by the Assistant Chief Minister of the States of Jersey recently. Bitcoin businesses prefer to have their company registered in overseas territories like the Isle of Man, Channel Islands and British Virgin Islands due to their favourable laws and regulations. With the digital currency sector still being in nascent stages, companies working in this sector general require a lot of leeway when it comes to development and experimentation of new products and services based on digital currency technology. Most of the countries across the world have strict laws in place which is made even stricter with the intention of exerting control over bitcoin and the businesses that deal with it. The recent announcement made by Senator Philip Ozouf on digital and virtual currency regulations has just made the Island of Jersey more attractive to emerging and existing digital currency based start-ups. Regulations are a necessary evil that helps keep these businesses on the right track and makes them accountable to the governments in one way or another. However, strict regulations will end up doing more harm than good, especially to emerging sectors like digital currencies. They will hinder innovation and slows down the growth. According to Jersey authorities, digital currency regulations will be designed in such a way that start-ups and small businesses in this sector will be free from a lot of red tape and subject to a more relaxed regulatory regime than their counterparts who have already established themselves in the segment, raking in revenues that translate to over GBP 150000 in annual turnover. Bitcoin friendly digital currency regulations will create a win-win situation for both companies and governments alike. While companies can focus on creating innovative products and further develop the existing ones instead of spending time and resources to comply with regulatory requirements, governments will benefit from increased revenues and improved job market. The new regulatory system can be expected to come into effect in about 18 months. http://www.newsbtc.com/2015/10/25/island-of-jersey-to-soon-give-isle-of-man-a-run-for-its-money/
  22. YOU can make a good living buying a kilogram of rubber in the Ivory Coast for 50 cents and selling it in Singapore for $1.50. But you would need to buy 10m kilos to make the deal worthwhile. Traders who do not have the necessary $5m must borrow it. Before the financial crisis, big banks like BNP Paribas, Citigroup, HSBC and ING deployed $14 trillion a year on such deals. But new regulations and swingeing fines for serving shady customers, in addition to falling commodity prices, have caused that figure to halve, leaving a host of new lenders jockeying to fill the gap. The money that commodity producers borrow to help them dig, grow, store, transport or otherwise market their wares is vital to the global economy. But commodity trade finance, as it is known, is having to find new arteries. It is not that banks have lost lots of money in trade finance—far from it. The commodities being shifted serve as collateral for the loans used to buy them, limiting the scope for losses. Instead, the business has become an unintended victim of post-crisis regulation. A cap on leverage at banks has hit European lenders, the powerhouses of trade finance, particularly hard. With limits on how big their balance-sheets can grow, they are focusing on those activities that use up the least capital for the highest return. Returns on commodity trade finance, typically 6-8% a year, fall into the dispensable category. Nice add-ons like foreign-exchange fees help, but not enough. Perhaps the biggest deterrents are the fines that banks have had to pay for abetting suspect transactions. BNP Paribas coughed up $9 billion last year after American regulators accused it of facilitating trade—much of it linked to commodities—in Sudan, Iran and Cuba, in contravention of American sanctions. The cost of vetting a new customer to ensure compliance with laws on money-laundering and finance for terrorism can reach $75,000. Most banks with global operations are slowly but steadily deserting the farthest-flung bits of their empires. Larger clients are the priority now. Jean-François Lambert, the head of commodity trade finance at HSBC, says such retrenchment “is about making smart choices”. Read More
  23. While debates over the Block Size issues appear to have died down, the problem has not yet been resolved. The most likely outcome will be an announcement that there will be a small block size increase, while a more permanent solution is being put together. The Lightning project seems like the most promising solution, but it will be interesting to attend the second part of the Scaling Workshop in Hong Kong to truly understand where things are headed. In the meantime, following the crash in late August there has been a period of low volatility which has calmed down many speculators, but we are not expecting this to last. Volume has also been slowly decreasing which may be due to regulatory concerns, although this is yet to be proven. The simplest explanation is usually the correct one. More
  24. China's currency devaluation two weeks ago, combined with the country's less than expected growth rates, sent the world stock markets tumbling. Nobody survived the bloodbath with most world stock markets suffering significant corrections. The biggest Rally of 2015 has turned into the biggest reversal since Lehman. Read the full article on BNC News here