Networking on a vessel: new A-list speakers announced for Coinsbank Blockchain Cruise 2019

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IBM Blockchain Director and Ajit Tirtha from ConsenSys join main conference lineup 

Despite the current situation in the market, many blockchain events are getting bigger. The main trend of the year is how blockchain technology comes to different fields of business. 2019 can already be called the “year of blockchain” – as opposed to 2018, which was the “year of the ICO”. Blockchain for enterprises and widely discussed STO will be covered on Coinsbank Blockchain Cruise 2019. IBM Blockchain Director Pietro Lanza and Ajit Tirtha from ConsenSys will have to take part in panel discussions dedicated to blockchain for enterprises topic on the vessel.

Another example of positive dynamic is the successful implementation of blockchain technologies in Grand Bahamas. Together with co-founder of PO8 technology Matthew Arnett, Grand Bahamas administrator Don G. Cornish will tell about their experience in regulations.  

During Coinsbank Blockchain cruise Ajit Tirtha, Fintech at ConsenSys will share some of his notable projects, among them, are We.Trade blockchain platform for trade finance at Deutsche Bank and  Tokenization and Blockchain Applications.

Meanwhile, IBM Blockchain Director Pietro Lanza has something to tell about his Blockchain, AI and IoT projects and he’s going to talk about supporting banks developing their digital strategies. There will be one more expert on the vessel, the co-founder of Wikipedia Dr.Larry SangerI who showed the world how to use wikis to build encyclopedias.

Earlier mentioned A-list speakers include computer scientist John McAfee, ex Wall Street trader Tone Vays and Gordon Einstein, CryptoLaw Partners. 

The Coinsbank Blockchain Cruise 2019 speakers who have been announced are CEO of Smart Valor Olga Feldmeier, Contributor at Forbes Naeem Aslam. There will be announced the complete list of panels and speeches and also will be given an introduction to the new speakers at an early date. The tickets are available via Coinsbank website.

About:

Blockchain Cruise 2019 will be held for the fourth time departing from Barcelona between June 9th-13th, docking in Rome. The global conference will take place on the majestic Oasis of the Seas by Royal Caribbean making stops in Palma de Mallorca, Marseille, and La Spezia. The event brings together decision-makers for 4 days of panel discussions, networking events and thought-provoking business talks. 

Note: This is a press-release by CoinsBank.


What will be the Spotify of crypto? #ripico #sto #ntut

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The cryptocurrency market just experienced a small break-out and it almost seems like we all are profiting again. However, it has become virtually impossible for any ICO to (1) attract a decent amount of funding, (2) maintain token price within reasonable value, (3) return the money to the investors, (4) produce any of the blockchain ecosystems promised or (5) make any money at all.

“I therefore declare ICO as dead and buried forever. But it is not the end.”

A new wave is coming. STO (Security Token Offering) is taking the lead in being the most appealing alternative way of fundraising for 2019. In a nutshell is the ability to issue tokens backed by real value. Too many “pitchers” in 2017 and 2018, promised an ICO token that would have appreciated in value for the mere reason that it was scarce (as in limited issuance). Wrong. A million times wrong. Because unlimited ICO multiplied by limited tokens, still makes unlimited token supply as a result, as long as the herd kept producing tokens on ERC20 and list them on an exchange.


I foresee the renaissance being based on 2 ecosystems and 2 tokens.

1.

The first ecosystem will be common to all projects and all trades: a pure financial ecosystem fuelled by Security Tokens (ST). No hidden agenda. Purely for the purpose of making money. Too many times, from the stage of yet another blockchain conference, the CEO of the next big wannabe ICO has promised an ecosystem with a real utility use case. Too bad that token buyers only bought the stinky tokens hoping to go to the moon with their Lamborghini, in the same fake fashioned way Tesla pretended to send one of their cars in outer space. This Financial Ecosystem is only designed to make money.

2.

The second ecosystem depends on the trade. It could be a Lifestyle Ecosystem for a gaming company (one of those who doesn’t have a Problem/Solution slide, but makes ways more money that those who want to “save the world with blockchain technology”). A project aiming to tokenize real estate could, for instance, create an Education Ecosystem, sharing tips and secrets of the trade. A company aiming to tokenize a portfolio of wealth management could create a Financial Networking Ecosystem. The options for naming here are endless. Whatever is the name assigned to this ecosystem, there will be a Non-Tradable Utility Token (NTUT) that can never ever in its lifetime be exchanged for fiat currency or any other crypto/token/coin or whatever. So it is basically useless unless you use it in the ecosystem.

For example, if you are running a gambling project, for every time your user wins/loses more than a certain amount of dollars on your platform, you give them a load of NTUTs, which can only be exchanged to customize the look of the chips, but never to be exchanged for chips. Or, if you are tokenizing real estate, you could use NTUT to access premium content in an educational directory. And if your ecosystem does not have a way to reward users with value, then it would be great to connect with third-party partners able to do so. For example, a telco could offer 1Gb of data as a way to connect with new potential clients.

I believe that the industry is not dead. Only the format. The death of vinyl discs and music cassettes did not kill the music industry, but rather introduced new ways of playing songs with CDs, DVDs, then MP3 and currently Spotify. What will be the Spotify equivalent in this industry? Nobody knows yet.


Stefano Virgilli, CEO at VOX.sg

www.bit.ly/stefanovirgilli

STO vs. ICO

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STO (Security Token Offering) is a token offering that is similar to an ICO (Initial Coin Offering), but the main difference is that STOs are regulated. STOs have become so popular because over the past four years, approximately, pretty much every ICO failed to maintain at least one of the five promises that I call success criteria. 

1. Most ICOs failed to attract enough investment.

2. The majority of ICOs failed to maintain a stable price of the coin or to increase the value of the coin, and so it dropped dramatically.

3. Some of ICOs failed to return the money to the investors.

4. Many ICOs failed to be able to produce the software technology or the ecosystem that they were promising during fundraising.

5. Almost all of them eventually failed to be profitable.

If you take into consideration all the success criteria, in four years, I would bet that no ICO has ever managed to achieve the five points altogether. That is the reason why the STO hope is given a more stringent requirement in the fundraising and backing the value of the token with physical assets, shares or profits could increase the likelihood of success.

ICOs

The crude reality of ICO is that basically the fundraising exercise was simply designed to sell tokens (as borderline securities) to non-qualified investors, without a license to do so. That was all that ICO was about. Basically, those startups that fail to connect with venture capitalists started looking in other directions, i.e. the community. When the community worked, it was because the value of Ethereum was growing so dramatically that it transformed ordinary citizens into millionaires. They were happy to make investments in companies when they didn’t understand exactly how they would have made money.

However, when the community failed to back most projects and when the cryptocurrency stopped growing, startups went back to venture capitals and funds, asking them to invest in their ICO or startup. That is because eventually, even until today, whoever is running an ICO still wants to have an investor, a large investor precisely, to come in and gobble up as many tokens as possible.

Startups

Startups have always been looking for investors for the purpose of growing and developing business. And those that are currently planning to launch an STO understand that ICO is finished, despite the fact that going with STO will require much more regulation. But in terms of costs, it will probably be similar to ICO. Because running an ICO is very expensive from a marketing perspective, while running an STO could be quite expensive from a regulatory perspective, the cost might be comparable in the end.

For those who are doing an STO, it is crucial to take a close look at the current and future regulations. Startuppers should be guided by professional lawyers, accountants, and advisors. It is no longer a ‘cowboy’ type of market where anyone can launch an ICO and attract the community to invest in their projects. Nowadays, it is back to the ‘big boys’ market. So everyone will need a lawyer, a banker, tax advisors, and compliance advisors to explain to them what they need to do in order to be compliant and to stand a chance of success in fundraising through an STO.

What will happen in the future?

After all, STO sounds like the new thing to do, it might go out of fashion quite quickly, probably by March or June 2019. They will start slowing down, and then by September, it could be completely out of fashion. I would compare ICO to vinyl discs, and STO to music cassettes. After the music cassettes, there were CDs and DVDs then the MP3, then Spotify.

We don’t know yet what will come next yet. The industry is still the same, it was music then, and now, similarly, the medium that is used for fundraising has changed and will further evolve, as in the current transition between ICO and STO.

The next transition will be between STO and something else. My current prediction is that there will be fundraising with two ecosystems. One is for fundraising (a financial ecosystem) and the other one for onboarding community, like a point system, and I call it a lifestyle ecosystem, fueled by NTUTs or non-tradable utility tokens. I think this is going to be the next big trend. It is a token that can never be exchanged on an exchange for monetary value but just used as a pure utility to onboard new potential STO investors.

Photo by rawpixel.com from Pexels

Blockchain Life – The biggest crypto-forum in Eastern Europe

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Starting from November 7, Saint-Petersburg welcomes all crypto enthusiasts to their annual two-day crypto-forum. Judging by their success last year, when a month before the conference all the tickets were sold out, and it gathered more than 1700 people. Many expect that this event will be among one of the top in the world this year. More than 5000 attendees, 80 speakers from more than 70 countries from the leading cryptocurrency companies in the industry.

By their words, what sets them aside from the classic conferences, is “the complete absence of promotional reports. All presentations are of a practical nature and are aimed at telling the participant how to make money on cryptocurrencies and blockchain technology,” says in their website.

Speakers

This year Blockchain Life forum has gathered some pretty big names from the crypto industry. One of the top names is the controversial supporter of Bitcoin Cash – Roger Ver. Roger is going to do a presentation over Skype on the future of cryptocurrencies called “How will cryptocurrency change the world?”. Roger always attracts much attention, because he is known to express very aggressive and questionable ideas and facts.

Tone Vays, trader and analyst on cryptocurrencies, also is going to cover a Skype presentation on the inevitable bubble of ICOs. Tone is known to attend the top cryptocurrency events in the world, sharing his ideas and beliefs about crypto, openly speaking about his open positions and his views on the crypto industry as a whole.

In general, the forum will gather a lot of industry professionals and company founders. The most famous being Martin Kuvandzhiev, the Co-Founder of Bitcoin Gold, Klim Geran, the head of NEM in Russia, Edward Chen, the Senior Director of Huobi Exchange, Vyacheslav Bredikhin from Bitmain, and Arthur Aziz, the Founder of B2BX.

Also, three secret speakers are assigned.

The main topics

Blockchain Life 2018 mostly will focus on the topics about creating, managing and the life cycle of ICOs in 2018. There will be multiple discussion panels and individual presentations on the secrets of building a successful ICO in 2018. The speakers will analyze the ICO market, share the top aspects of a perfect pitch and explain how to maintain the project after the ICO stage is over.

Also, a big emphasis is on the future of crypto exchanges. Specifically, Maximilian Marenbach will talk about Kraken, and Edward Chen will speak about Huobi exchange. The forum will gather many representatives from Russia’s leading tech, government, and innovation companies. The leader of the government working group on cryptocurrencies, Elina Sidorenko, during a discussion panel, will talk about cryptocurrency regulations in Russia.

Also, many presentations will be about crypto mining and trading. How to make money during this bear market, and how to look at it positively. 

Blockchain Life Awards 2018

That is the characteristic which sets this event aside. There will be an awards ceremony with multiple nominations. Users who visited the event’s webpage could vote for their favorite Russian media, exchange blockchain project, ICO advisors, ICO agencies and the best advertising networks for crypto projects. The winners will be announced during the event. Interestingly enough, the nomination – “The most promising ICO in 2018” was shut down because of a cyber attack. The voting has finished at the moment.

Go and get your tickets while you can!

The conference is tomorrow, and the tickets are still live.

Overall, judging by the promotional materials, in which they position this event as one of the biggest in the world, the conference is expected to meet the world standards of a successful business event. However, since the majority of speakers are Russian, we hope that there will be no inconvenience with the translation materials.

Looks like a great event where to meet potential business partners and advisors in the crypto industry, and while doing that you can learn something new about the technology and where it is heading. Gathering more than 5000 participants is exceptional. Speakers from more than 70 different countries where you have never been, or even didn’t know that such existed, will give you insights and their positions on crypto. This is a must-attend event if you are operating with ICOs and crypto in general.

Best Coin Investments also is attending this event. We will provide you with a review of what exactly happened, who said what and how did it look. Stay tuned for more information!

Photo by Blockchain Life 2018. 

The United Arab Emirates plans to introduce ICOs by 2019.

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On October 8, the head of securities regulator of The United Arab Emirates (UAE) have announced that they are going to introduce ICOs to provide companies with a new way to raise money.

Since the oil price has been low and the equity markets weak in the past years, IPOs have seen a severe downgrade in the UAE and the Gulf Arab region as a whole.

“The board of the Emirates Securities & Commodities Authority has approved considering ICOs as securities. As per our plan we should have regulations on the ground in the first half of 2019,” explained the Acting Chief Executive Officer of the Securities and Commodities Authority (SCA) in the United Arab Emirates, Obaid Saif Hamad Al Zaabi, continuing that “ESCA is drafting regulations for ICOs with international advisers and is working with the Abu Dhabi and Dubai stock markets to develop trading platforms for the offers.”

Basically they are calling all ICOs securities, which goes together with the U.S. SEC statement that ICOs can be securities only if they are “based on specific facts, and fall under the SEC’s jurisdiction of enforcing federal securities laws,” says in the definition by SEC.

This is an open statement to the crypto community, as a lot of people are disagreeing with the fact that all ICOs could be defined as securities. If so, that would mean that ICOs could fall under the regulatory rules for securities. And it looks like this could happen in the UAE, when the new law will take place in early 2019.

What do you think? Are all ICOs securities with a few exceptions?

Source:

https://goo.gl/CwaJAF
https://goo.gl/ySPQUP
https://www.sec.gov/ICO

Photo by Canva.com

Shocking news: ICOs have sold 13,5k ETH in the past 24h!

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In a research done by trustnodes.com, it shows that in the past 24 hours, a lot of ICO’s have been selling their ETH. In fact, this has been going on for more than a month already. It looks like ICO’s are panic selling their ETH reserves. For example, the largest amount sold yesterday was 6.424k ETH which is about $1.5 million. Overall in the past month, ICOs have moved more than 193k ETH. The daily statistics are shocking – the amount of sold ETH is ranging from 50k to 1k per day.

The top daily movers are 0x with 1500 ETH, Propy with 1490ETH, Electrify Asia with 2000ETH and the PolicyPal Network with the already mentioned 6,4k ETH.

Trustnodes.com also claim they have been doing an investigation on the ETH spent. It shows that some of the ICOs from last year, now are spending their ETH on land, football teams and mansions.

All that is just pure rumors, except this:

“One of Israel’s top soccer teams was sold on Monday to businessman and Blockchain entrepreneur Moshe Hogeg, after he agreed to cover the controversial team’s significant debt.

Beitar Trump Jerusalem was purchased for NIS 26.5 million ($7.2 million) from Eli Tabib, who had been the owner since 2013. Of that sum, NIS 8.5 million will be used by Hogeg to cover the team’s debt.

‘I am happy and excited to say the deal has been signed,’ Hogeg said Monday. ‘I have a vision to lead Beitar Jerusalem to a new path. I believe in the team and its abilities and I intend to develop the club and take it to new heights.’,” writes trustnodes. M.Hogeg is the CEO of Sirin labs, an ICO which raised $160 million.

At the moment, all the major ICOs from last year, are experiencing huge price crashes. Some have even lower prices than the original ICO issuance price. And this is where the already known problem of the ICO process is highlighting itself. The fact that investors bought some kind of a token which has no value, with their valuable ETH, thus giving it for free to the ICO developers, trusting the company which had no product or sense on how to get the product, is just unfair. The reality now is that a lot of ICOs haven’t yet started the development of their products, their token price has crashed and now they are probably left with a dilemma – either they actually dump the money into their previously established idea of the product and hope for the best that somebody will actually use it – or just cash out their collected ETHs and just move on with their lives. The sad part is that on both of these options the investor is left with a bag of worthless tokens which price will never rise if there’s no usage.

Another thing which trustnodes highlights is the token buyback: “They are not spending these sums to buy back their own tokens, but they are cashing out a combined average of 15,000 eth a day, with ICOs selling some 4.5 million eth just this spring and about ◊1.2 million this summer so far.”

This statement clearly shows the outrage which is happening just now. In all fairness buying back the issued tokens would make much more sense, as the team hasn’t been able to step up to their initial goals and promises.

Is this the end of the ICO era? Is it even safe to invest in any kind of an ICO now? 
What are your 5 things to look out when investing in an ICO?

Source:
https://goo.gl/5L7Hez

https://goo.gl/niNVth

CoinsBank will host a crypto celebrity Blockchain Cruise

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During September 7 – 11, the ship will leave from Barcelona and travel across the mediterranean, visiting Monte Carlo and Italy, and later returning back to Barcelona.

This event has gained a huge recognition because of the speakers which are attending the event. They are: John McAfee, Bobby Lee, Charlie Lee, Brock Pierce, Roger Ver, Tone Vays, Travis Wright and many many more celebrities and people from media with a strong influence on cryptocurrencies in the crypto-sphere.

They will cover topics like investment and token sales – whether they’re dead or not, wether they’re risky, and in general about the truths of innovating a technology. Then they will talk about the state of blockchain, about the war between theory and practice, about real world applications for blockchain technology and how blockchain is empowering businesses and communities. The marketing of crypto-products will be discussed as well – how to merge a budget for your Blockchain project and etc. But blockchain isnt always about finance, so they are going to cover topics like – blockchain in game industries like e-sports and the evolution of it as a whole. One of the most interesting questions raised in the event agenda was – What spehere critically needs to be changed with blockchain technology? Really looking forward to that discussion.

Since the cruise will be attended by an Estonian ex-member of parliament, Taavi Roivas, one of the topics covered will be about crypto regulations in the US and abroad. Wether they’re equities or utilities etc.

And possibly the biggest set of topics is going to be about crypto in general. That is why the main title of this set is called “In Crypto we trust”. Under this segment they will discuss general things in crypto like the future of payments, scalability, trading, smart contracts, cybersecurity and about the BTC phenomenon.

Mostly it is a party and networking cruise with a few workshops and pool parties. The discussions will start at the second day when two short panel discussions will be held, and on day three there will be a large discussion panel from 9AM to 7PM with celebrity dinner afterwards.

Then on the 4thday there will be a special surprise for all the attendees. It will be a pool party with all the celebrities, BBQ, Sunset Lounge and many more for the attendees to party until the morning light. 

When it comes to prices, at the moment there is a huge discount, but only for ladies, for 495 Euros, but from this I get that there is going to be a mens only party and now the organizers just want to dilute the guys crowd with a few ladies. But for all other mortals the prices vary from 1 995 Euros for a single person in a 3 guest room to 19 995 Euros for a Gold suite. The accepted payments are fiat and crypto.

This is definitely the crypto event of the year, where you will have the great opportunity to meet all the people running the crypto-sphere nowadays and maybe even engage in a discussion with them. A great party, with great information, and since this is the third time the organizers are hosting such an event a perfection is expected.

Source:

https://coinsbank.com/cruise-europe#section-home

2017 – the year of scams

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In a recent study from ICO advisory firm Satis Group, the statistics show that almost 80% of all ICO’s (Initial Coin Offering) last year were scams. The study observed the cycle of an ICO, from the initial proposal to the phase of trading on a crypto exchange. The Satis Group research says that in 2017 “over 70 percent of ICO funding (by $ volume) to-date went to higher quality projects, although over 80 percent of projects (by # share) were identified as scams”. Continuing on, the research shows that 4% of ICO’s had failed, and that 3% of them had gone dead. The death of an ICO is defined: “not listed on exchanges for trading and has not had a code contribution in Github on a rolling three-month basis from that point in time.”

This is why you always DYOR (Do Your Own Research) when investing in a new ICO campaign. Never follow the mainstream hype!

Your

BestCoinInvestments.com

Source:

https://goo.gl/8TYcaV

https://goo.gl/wyQc3g – link to the study.

Prime Minister of Malta confirms – Parliament will pass three cryptocurrency bills

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Malta, a mediterranean island in Europe, is quickly becoming the capital of blockchain and cryptocurrencies in general. Theses three bills covers the regulation of initial coin offerings (ICO’s), guidelines for cryptocurrency exchange operators in Malta and the regulation of cryptocurrency and blockchain sector in general. 

“This is the last stage of the legislation that will put Malta on the international map for blockchain and crypto regulation. There is political consensus on this roadmap and we are foreseeing that this area will be the mainstay of our economic growth for the next 4-5 years” said the Parliamentary Secretary for Digital innovation and Finance Silvio Schembri.

From previous sources, we already know that Binance has relocated their head office to Malta earlier in March and now OKEx has established their presence in Malta as well. So now, two of the top exchanges in the crypto space are located in Malta, and this fact speaks for itself, that Malta is the worlds friendliest jurisdiction for crypto-companies.

To read more about the three bills, Malta is pushing click here – https://goo.gl/eRyjPG

Source:

https://goo.gl/BE33Ao

Binance celebrates 1 year anniversary

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Referring to a recent tweet from Zhao ChengPeng, today Binance is celebrating the one year concepion anniversary.

ChengPeng tweets that “Exactly one year ago today, around 11PM, we decided to do the ICO, and start writing the whitepaper from that hour”. When Binance finished their ICO stage and got accepted in the first exchanges, the price of Binance Coin was only 0,11 cents. Today the price has risen to $14.44 and its all time high was near to $25 in mid January this year. 

Today Binance is considered to be the top leading cryptocurrency exchange with a stunning 1,4 billion 24-hour volume. The rough statistics are that every week a million users sign up for the trading platform. 

What could be behind the outrageous growth of Binance? Josiah Wilmoth mentions a few things in his CCN article. The top reason why Binance could be doing so well is their aggressive referral program that pays out 20 percent commission. Also they organize huge giveaways, and just recently one lucky user got a 2018 Lamborghini Huracan. But the most strongest drive for users to sign up for this platform must be “its comprehensive support for altcoins created through forks of the main bitcoin blockchain”. 

Zhao said that the company does not intend to rest on its laurels, since they already have an upcoming Fiat-Crypto exchange platform in Malta, plus they’re moving their actual exchange to Tokyo and they are in the works of obtaining a license from Japan’s Financial Services. 

These news and Binance itself is great example how fresh the crytpo environment is today, and how much can be done in one year. 

Do you use Binance?

Source:

https://goo.gl/FGf7nV
https://goo.gl/hVWyA4