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BrankoDecember 4, 2018

7min26

With the 2100News weekly crypto report, we analyze and gauge the entire crypto market. The family of cryptocurrency indexes, 2100NEWS DA (Digital Assets) Indexes serve for general insight into crypto markets and measure for their current and past movements. 

The latest Bitcoin Cash blockchain split could damage the overall crypto market in the long-term. Nevertheless, if stability returns to the BCH market, it should reinject confidence in the bitcoin market as well. 

Technically, as you can see on the chart 2100NEWS Digital Assets Total Index (NWST1100), last week things were getting a bit confusing though with all that sideways action. The range was about 14%. Therefore, the NWST1100 index staying above 415 points would remain a bullish sign.  On the PF Chart on the left, we can see a bottom forming. All 2100NEWS DA indexes had a similar moving pattern. 

Looking ahead to next week we are observing the oversold market. So, just from an indicator’s point of view, there is a likelihood of NWST1100 retesting 415 points support as its next bottom range. That eventually will create double Bottom formation and attempting a sharp rebound towards the Target zone.  In the event that support will not hold, the next bigger than 10% step down is likely. 

 

Performance of different groups of Digital Assets (Coins and Tokens)

On the table below, you can see that big-sized digital assets by market capitalization were the worst performing group last week. The market cap of each asset in this index spans from $30 million to $15 billion. NWSL100 dropped by 10.05% last week. Groups of tokens and coins are lower than they were before one week. Last week Total (NWST1100) and overall (NWSOI) indexes went down by an additional 5.5% to 7% in a crypto crash started November 9th.

 

Crypto (Digital Assets) compared with global equity

On the chart below, the performance of the average Digital Aset represented by our NWST1100 index is compared with average global equity represented by Dow Jones global index W1Dow. As you can see since November 12th crypto has lost the ground, it plunged by 44% vs. global equity. Last week crypto dropped again vs. W1Dow. 

Indexes Revision 11-30-2018

The weekly revision update both, the amount of each asset publicly available and any additions and deletions from the indexes. On the tables below are additions and deletions from NWSL100 and NWSM200. As we can see on the tables that two groups changed their membership. Mobile GO and Bitcoin Private have improved their rankings they were added to NWSL100 and deleted from NWSM200. ZCoin, Nxt, Loom Network …were deleted from NWSL100. They are new members of NWSM200. New mid-caps are Buggyre Coin, MyCreditChain, Swarm, Gulden … Other weekly additions and deletions this week for the other indexes from the family are available here.

 

Winner new member

We select the new member in NWSM100 crypto index with the biggest jump in our ranking. We can see from the chart that in November in the time of crypto crash MobileGo (MGO) performed 30% better than average coin or token which is a member of NWSL100 index. MobileGo announced opening the for beta testing two weeks ago. 

MobileGo MobileGo (MGO)   web

The MobileGo smart token provides peer-to-peer matchplay, decentralized tournaments, and more. MobileGo token launch will support fund marketing as well as branding of the Game credits’ Mobile Store and the growth of smart contract technology within the system that employs the Ethereum blockchain network. Not only does MobileGo token attempt to gamify the mobile system and incentivize gamers for loyalty and participation through rewards but it also enables smart contract technology. Besides, a decentralized virtual mobile gamer marketplace, the ability for gamer and gamer decentralized match play as well as decentralized tournaments that run on smart contracts will be allowed to develop by MobileGo token.

 


BrankoNovember 26, 2018

7min13

Any tool that provides insights into what drives token’s and coin’s prices up and down is a welcome addition to every investor’s arsenal. With the 2100News weekly crypto report, we analyze and gauge the entire crypto market. The family of cryptocurrency indexes, 2100NEWS DA (Digital Assets) Indexes serve for general insight into crypto markets and measure for their current and past movements. 

Technically, as you can see on the chart below 2100NEWS Digital Assets 100 Large Cap Index (NWSL100) which measures the performance of top 100 crypto assets by market cap vs. 2100NEWS Digital Assets Bitcoin-Ether Index (NWSBE), the crypto crash was due to Bitcoin and Ether who had a sudden and dramatic market collapse in the last two weeks. Large caps prices in Bitcoin are only 4.5% lower than they were before 14 days. The downside move last week was such that price was approaching close 500 points. In fact three days we kept hanging around that level. This shows there was no strength at all in the market, likely move was decline to new lows.  All 2100NEWS DA indexes had a similar moving pattern. 

Looking ahead to next week we are observing an extremely oversold market. After such a fall, it is not expected that the market would hang at the support level, more likely is another step down to support zone near 400 points and then a rebound near 500 points to the 23% Fib retracement level of the recent decline. 

 

Performance of different groups of Digital Assets (Coins and Tokens)

On the table below, you can see that middle-sized digital assets by market capitalization were the worst performing group last week. The market cap of each asset in this index spans from $10 million to $60 million. NWSM200 plunged by 26.86% last week. All group of tokens and coins are lower than they were before one week. Total (NWST1100) and overall (NWSOI) indexes have plummeted by almost 34% in a crypto crash since November 9th.

 

Crypto (Digital Assets) compared with global equity

On the chart below, the performance of the average Digital Aset represented by our NWST1100 index is compared with average global equity represented by Dow Jones global index W1Dow. As you can see crypto has performed better than equity since September 12th but in the last two weeks, crypto has lost the ground. Last week crypto plummeted in two steps by 33,7% vs. W1Dow, so global equity performed better than crypto. 

 

Indexes Revision 11-23-2018

The weekly revision update both, the amount of each asset publicly available and any additions and deletions from the indexes. On the tables below are additions and deletions from NWSL100 and NWSM200. As we can see on the tables that two groups changed their membership. Factom, ODEM, Insight Chain and SIRIN LABS Token have improved their rankings they were added to NWSL100 and deleted from NWSM200. Veritaseum, FunFair, and ETERNAL TOKEN were deleted from NWSL100. They are new members of NWSM200. New mid-caps are Gemini dollar, Optimal Shelf, AMO Coin … Other weekly additions and deletions this week for the other indexes from the family are available here.

 

Winner new member

We select the new member in NWSM100 crypto index with the biggest jump in our ranking. We can see from the chart that in November in the time of crypto crash Factom (FCT) performed 3 times better than average coin or token which is a member of NWSL100 index. Factom announced Mortage Servicing Blockchain Solution two weeks ago. 

 

 

Factom Factom (FCT)   web

Factom is the first distributed blockchain technology to improve the strength of real-world business concerns by presenting a stable record-keeping system. By placing a data layer on top of the Bitcoin blockchain, Factom’s distributed ledger technology guarantees a large number of real-time reports in the blockchain with a single mixture applying cryptographic separation. Factom can be used by Businesses and governments alike to secure their data so that it is impossible to be changed, removed or backdated. Factom’s technology distributes record keeping by ensuring that the uprightness of collected data keeps intact, presenting full transparency, while simultaneously managing user privacy in a gradually virtual world.


BrankoNovember 19, 2018

6min14

The family of cryptocurrency indexes, 2100NEWS DA (Digital Assets) Indexes serve for general insight into crypto markets and measure for their current and past movements. Any tool that provides insights into what drives token’s and coin’s prices up and down is a welcome addition to every investor’s arsenal. With the 2100News weekly crypto report, we analyze and gauge the entire crypto market.
Technically, as you can see on the chart below 2100NEWS Digital Assets Total Index (NWSL100) which measures the performance of top 100 crypto assets by market cap, two weeks ago the price NWSL100 endured a pullback. The downside move was such that price was approaching close to the 50% Fib. retracement of the rally. In fact three days we kept hanging around that level. This shows there was no strength at all in the market, PPO headed to the negative territory.  All 2100NEWS DA indexes had a similar moving pattern. In Movers of the Day post, we warned readers. On Thursday support zone did not hold and that was a big sell signal. Crypto markets have fallen due to Bitcoin and Ether. Large-cap Digital Assets fell 2 percent less than Bitcoin and Ether.

Looking ahead to next week we are observing an extremely oversold market. After such a fall, it is not expected that the market would hang at the support level, more likely is another step down to support zone near 600 points and then a rebound near 650 points to the 38% Fib retracement level of the recent decline. 

 

Performance of different groups of Digital Assets (Coins and Tokens)

On the table below, you can see that middle-sized digital assets by market capitalization were the worst performing group last week. The market cap of each asset in this index spans from $10 million to $60 million. NWSM200 lost by 20.20% last week. All group of tokens and coins are lover than they were before one week. Our total (NWST1100) and overall (NWSOI) indexes have plunged by almost 15% since November 9th.

 

Crypto (Digital Assets) compared with global equity

On the chart below, the performance of the average Digital Aset represented by our NWST1100 index is compared with average global equity represented by Dow Jones global index W1Dow. As you can see crypto has performed better than equity since September 12th but in the last week crypto plummeted, so global equity performed better than crypto. Crypto vs. global equity is at the same low level as it was in September.

 

Indexes Revision 11-16-2018

The weekly revision update both, the amount of each asset publicly available and any additions and deletions from the indexes. On the tables below are additions and deletions from NWSL100 and NWSM200. As we can see on the tables MobileGo, Digitex Futures which were deleted from NWSL100 and Revain, MOAC which are new members changed their membership. Other weekly additions and deletions this week for the other indexes from the family are available here.

 

Winner new member

We select the new member in NWSM100 crypto index with the biggest jump in our ranking. We can see from the chart that in October  Revain (R) performed much better than average coin or token which is a member of NWSL100 index. Revain last week showed improvement in project ranking system. 

Revain Revain (R)  web

Revain is an impartial analysis system developed on blockchain network technology. August 21 will mark the Revain launch on the exchange market. Undoubtedly, the review industry is confronted with fake reviews or a five-star review on TripAdvisor which may change the course of business, so Revain aims to reinvent this system to guarantee legitimate reviews of well-known companies.


Luka KovičNovember 13, 2018
Weekly-3-1280x800.jpg

7min42

On 31st of October Bitcoin became 10 years old and the currency has much to show in this decade. In 2008 Satoshi Nakamoto, »the father of bitcoin«, authored the Bitcoin white paper, simply called ‘Bitcoin: A Peer-to-Peer Electronic Cash System.’ The publication was then sent to selected cryptographic experts, who were among the first to get to know and develop the digital currency as we know today.

There are many mysteries surrounding mr. Nakamoto and his true identity, which to this date, still isn’t known. There were some theories, that the name Satoshi is combined from companies like Samsung (SA), Toshiba (TOS) and Hitachi (HI), but there is no official proof that this may be true. However, Satoshi Nakamoto, the mysterious creator of bitcoin »dissappeared« in 2011 with a simple message: ‘I have moved on to other things’.

Looking back to the beginning, a short amount of people actually knew about Bitcoin, most of them probably didn’t even know it could change the financial system we knew, forever. Very first transactions were made to test the network, soon after, in March 2010 the first Bitcoin exchange emerged, simply called BitcoinMarkets.

One of the most famous Bitcoin transactions also happened in 2010, with a guy named Laszlo Hanyecz, who started a thread on a bitcoin forum in which he offered 10.000 bitcoins to someone willing to offer a couple of large pizzas. Back then, he would get 41 U.S. Dollars if he’d traded his Bitcoins on an exchange. For comparison – these 10.000 BTC are now worth more than 63.5 million dollars.

More infamous transactions were done on back-then-popular Silk Road, webpage with illegal things they were selling their users, which were paying with BTC. An astounding sum of $1 billion worth of cryptocurrencies were transferred through that website. At that time, Bitcoin »jumped« from 100 U.S. Dollars to $1.200, with the most noteable bull runs in history. The trend ended with two events that shocked the crypto community; in 2013, the People’s Bank of China (PboC) banned Chinese banks from using Bitcoin, and even more, when Mt Gox was hacked. Then the largest bitcoin exchange in the world, had lost 740.000 bitcoins (6% of all bitcoins in circulation). Mt Gox never recovered and the money (at least the most of it) was never been found.

Also in 2013, another milestone in cryptocurrency world emerged. A company by the name Mastercoin (now Omnilayer) became one of the first projects to build on top of Bitcoin Blockchain. First ever ICO (Initial Coin Offerings) project, raised around 5.000 BTC, what was then worth 500.000 U.S. Dollars and was a very successful ICO at the time. By 2014, Mastercoin reached 100 multiples of it’s ICO price. The ICO model burst with growth from $62.6 million raised in 2016, to $2.2 billion in the next year.

Following years, 2014, 2015 and 2016 were significant for Bitcoin and all cryptocurrencies. Few major companies started to involve, with Overstock.com, becoming first online retailer to accept Bitcoin payments. Famous rapper 50 cent sold his albums for bitcoin though collaboration with BitPay, encouraging others and impacting on understanding and acceptance of cryptocurrencies. Many retailers followed Overstock through those years, with most noteable mentions is Dell, who became highest valued retailer (revenue of $57 billion) and is still accepting Bitcoin payments for their products. Third major company to enable BTC payments was Microsoft, allowing users to use Bitcoin to buy Xbox games. In 2016, Steam, a gaming platform also started accepting Bitcoin payments.

The impressive growth exploded in 2017, with Bitcoin price boost from $1.000 in start of the year and ended being traded close to 20.000 U.S. Dollars on the end of 2017. In 2018, history was made in 4th biggest city in Slovenia – unveiling the world’s first public Bitcoin monument. A Bitcoin roundabout was financed by Bitstamp, cryptocurrency exchange that used to be based in Slovenia.

While the market was growing extremely fast, it crashed in 2018. Numerous countries have implemented bans and regulations, ICOs started to fade and some currencies dropped for astonishing 90% of their price. Crypto currencies were, and are still being criticized in the course to these years, but the community is expecting a price recovery in the coming months. Looking back, Bitcoin achieved a lot in this decade as there are thousands of virtual currencies in the market and being used by multiple companies across the globe.


Luka GlogoskiMay 18, 2018

2min65

Yet another #redday is upon us as crypto market continues to defy the bulls despite many bullish announcements and events.


 

In just three days, the crypto market has shed a whooping $42 billion off of its market cap. This is despite traditionally bullish news and events such as Consensus 2018 and a barrage of announcements from major Wall Street firms such as JPMorgan, New York Stock Exchange, Morgan Stanley and Goldman Sachs about getting ready to enter crypto trading.

This is a break from what we’re used to seeing in the crypto markets and is perplexing many commentators of this sector. But in fairness it’s perhaps not that unexpected given how fast the market rose from $250 billion to $450 billion in the month of April and early May. Since then we haven’t really seen a proper correction yet, especially among many altcoins, many of which more than doubled in value during this time. It’s also a classic case of buy the rumor sell the news when it comes to the Consensus conference. Last year was the exception not the rule.

Looking at the Bitcoin dominance chart, it’s obvious that the Altcoin correction is well underway, while Bitcoin is struggling to take off and it’s instead Ethereum that is growing its market share.

Bitcoin Dominance Chart 2018-05-18

There seems to be renewed interest in ICOs with risk taking returning to the markets, but chasing the highest possible returns in new project as opposed to going into the established players. Why chase double digit percentage returns, when there are potential 1000x returns just one ICO away?


Luka GlogoskiMay 8, 2018

3min24

The billionaire inventor announced on Twitter that he will be starting a candy company after a public spat with fellow billionaire Warren Buffett over the value of crypto.


 

At the Berkshire Hathaway’s annual meeting on Saturday, 5th May 2018, the 87-year-old billionaire and legendary investor, Warren Buffett called cryptocurrencies “non-productive assets”, saying that they deliver nothing other than supposed scarcity.

“What does it produce itself? Anytime you buy non-productive assets, you are counting on someone later on buying a non-productive asset. It does come to a bad ending; cryptocurrencies will come to a bad ending. If I could buy a five-year put on every one of the cryptocurrencies, I’d be glad to do it but I would never short a dime’s worth,” Mr Buffett said, concluding that bitcoin is “probably rat poison squared.” Buffett’s long-time right-hand-man, Charlie Munger, added insult to injury by saying that trading in cryptocurrencies is “just dementia”.

Once he was done FUD-ing Bitcoin, Mr Buffett turned his attention to Tesla, which at its latest earnings call reported a $784.6 million ($4.19 per share) loss.

In response to the criticism of Tesla’s performance Elon stated that:

“I think moats are lame. They are like nice in a sort of quaint, vestigial way. If your only defense against invading armies is a moat, you will not last long. What matters is the pace of innovation, that is the fundamental determinant of competitiveness.”

Mr Buffett didn’t appreciate the insinuation and challenged Musk by saying that:

“I don’t think he’d want to take us on in candy,” referring to Berkshire-owned See’s Candies as an example of an entrenched business with a deep moat around it.

It didn’t take long for Musk to respond on Twitter hinting that he will be starting a new candy company called “Cryptocandy”.

Then it was Mr Buffett’s turn and here’s what he had to say on CNBC yesterday:

Don’t you just love crypto guys? We never have a boring day (no pun intended against any of Musk’s companies of course).


Luka GlogoskiApril 9, 2018

3min41

After leaving their crypto community in legal limbo for a very long time, Polish government has come out with a draconian new taxation measures that will all but destroy any crypto traders in country.


 

Polish government announced new measures which seem designed to curb the enthusiasm for crypto in the country. This is the second time that Poland is attracting negative attention, after Polish central bank was shown to be paying YouTube influencers to spread negative propaganda about cryptocurrencies.

The new rules introduce a 1% “civil law operation” tax for every cryptocurrency trade plus a 18-32% income tax at the end of the year. What’s more even the smallest transaction has to be declared in the PCC-3 declaration and the 1% tax has to be paid within 14 days from the day of the transaction. That’s before we consider that not all orders are fulfilled in a single transaction. In effect this could amount to more than 100% tax if a trader performed over 100 trades, and result in a loss without making at least 1% profit on each trade.

As we know all too well, crypto trades are far from always profitable, but to have to pay a 1% tax every single time is not just expensive, but also an administrative nightmare. This is a similar move to the IRS in the united States, where American citizens also have to pay tax on every single crypto transaction. This kind of policies make zero sense as there are no guarantees to make any money from simply executing a trade and will serve to scare away many small traders.

“First publications attempting to classify cryptocurrencies in legal terms really indicated that they are property rights, but now the doctrine is heading towards the recognition that cryptocurrencies are not property rights. The Polish cryptocurrency environment will have to push this position in order to avoid tax on civil law transactions (PCC),” said dr Sławomir Mentzen.

It has been rumored that Polish revenue service has been requesting trading histories from all Polish exchanges. It’s hard to know what they will be used for, but for now, anti-money laundering and counter-terrorism are the official explanations. And why wait until 4th of April to publish these rules with the tax returns deadline at the end of April? This draconian and hostile crypto tax policy has many Poles rightfully up in arms over this.


Luka KovičFebruary 23, 2018

4min72

First company to offer zero trading commissions for US listed stocks is planning to launch in Europe as the company seeks for a »Chief Executive« to lead and operate planned UK/EU expansion. Launched in 2013, the RobinHood app lets users invest in publicly traded companies and exchange-traded funds listed on US exchanges without paying a commission. Its mission is to make financial tools accessible to everyone, as well as inspire a new generation of investors.

Vladimir Tenez, co-founder of the app had spoken about the issue in the interview for Techcrunch: »Most stock brokerages out there have been around for 30 years, their interfaces are clumsy, and they’re targeting older professionals and active traders.«

“They’re no place for first time investors and that’s one of the things we focus on. Making it accessible. Having it be mobile friendly.”

In 2015 the company triggered its global expansion following $50 million of founding led by New Enterprise Associates (NEA), announcing Australia as first international market. They have been waiting for its regulatory approval since.

According to Jan Hammer, a partner at Index Ventures, which has invested in company, RobinHood has »not just made trading simpler, mobile and free; by doing so, they’ve opened up stock market,« Hammer told Business Insider.

The RobinHood App

The RobinHood App won an Apple Design Award in 2015, with minimalistic and stylish interface. Users first need to link their bank account and credit their RobinHood account by a one-time transfer to start trading. Once the amount is deposited (usually it takes about three days in the US), the home screen shows the total money (in stocks and cash) – and how much you’ve earned through the past 24 hours.

RobinHood Crypto

Since February, first set of costumers can buy and sell Bitcoin and Ethereum with RobinHood Crypto. All your investments commission-free on one platform. For now, it’s available for US costumers residing in California only, while looking forward to releasing crypto trading functionality in many other states later. In meantime, RobinHood users and investors can monitor and track market data for 16 cryptocurrencies.

https://www.youtube.com/watch?v=233RzfqYExI

One million users registering in first four days, shows the interes tof RobinHood’s services, which gained over four millions users. For now, users from above mentioned states of California, can buy Bitcoin and Ethereum, but they can track 14 other cryptocurrencies; bitcoin cash, litecoin, XRP, ethereum classic, zcash, monero, bitcoin gold and dogecoin.

Company also announced RobinHood feed, a new way to discuss cryptocurrencies, news and market swings in real-time with other investors on app itself. Over the past few weeks, RobinHood Crypto reached four million users and well over $ 100 billion in transaction volume on the brokerage platform, leading to over $1 billion in commissions saved in equity trades. With the release of RobinHood Crypto, they’re continuing their mission of making the financial system work for everyone, not just wealthy.



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