Ahrvo - The Future of Brokerage Transactions

Ahrvo is a financial technology company created in March 2017. Ahrvo’s proprietary multi-factor ranking system and resulting AhrvoScores™ help investors and traders of all backgrounds discover stock market winners and make timely and profitable investment decisions among more than 8000 stocks and ETFs. Ahrvo’s proprietary equity scoring model uses predictive analytics and data mining techniques to uncover and exploit patterns found in historical and projected stock market data in order to find the best stocks.

AhrvoScores are derived using the four main drivers of stock price performance -- Quality, Value, Growth, and Momentum. Each factor adjusts to stock market conditions creating consistently robust AhrvoScores. It is simple: stocks with high AhrvoScores consistently outperform the market; stocks with low scores underperform. This streamlines the stock discovery process as a group of top rated investment ideas is curated for users daily.

Ahrvo’s patent-protected software integrates quantitative and social investing. This creates an environment for traders to find profitable trades and also engage other traders to discuss and explore strategies. Ahrvo's fantasy investing league allows users to compete for cash prizes or create their own public and private fantasy investing league(s).

Ahrvo +AhrvoDEEX = Vertical Integration

AhrvoDEEX is a blockchain based peer-to-peer equity exchange (broker) being developed that enables profitable trading by using multifactor ranking systems and deep learning algorithms to create smart equity scores and price targets to streamline the security selection and portfolio construction process. Once launched, the Ahrvo app will run on AhrvoDEEX. Outside of custodial services, to build network liquidity, white label solutions, APIs, and SDKs will be provided to startups and fintech companies. AhrvoDEEX transaction speed is comparable to centralized exchanges and much faster than Bitcoin and Ethereum. Centralized exchanges settle in 1 to 3 seconds. Ethereum DEX transactions take ~3 minutes. Bitcoin transactions take 10 minutes to settle but can often take longer. Transactions on AhrvoDEEX settle in ~3 to 5 seconds.

Competitive Advantage

Patent Protection

Ahrvo is building the first blockchain-based decentralized equity exchanged powered by artificial intelligence. Over the past two years, Ahrvo’s management team has garnered the necessary protection for its growing suite of investing and trading solutions. Ahrvo has filed two provisional patents (March 2017/November 2018) and one utility patent (March 2018). Pending patents cover existing and upcoming products and features that are under-development or slated for release. In addition, native aspects of the network's protocol and integration of multifactor ranking systems and neural networks into a peer-to-peer equity exchange are covered.

Traditional Broker Experience

An advantage of being a traditional broker instead of a tokenized exchange is the ability to custody and onboard traditional equities. Tokenized platforms frequently state, “we are only a software firm and do not participate in regulated activities such as custodial or clearing services, order execution, investment advice, asset management, and other such financial services.” We believe this is to their detriment. Ahrvo’s custodian platform will offer front and back office services for firms. By focusing on a larger market (equities vs cryptocurrency), AhrvoDEEX’s organic growth should exceed tokenized competitors.

Competent Blockchain Developers

Ahrvo is working with a seasoned team of blockchain developers. The development firm is CMMI Level 3 and ISO 9001: 2015 certified. In total, we have access to a team of 35 blockchain developers but will be working with a team of 5-7 developers initially. Their experience includes: launching public and private blockchain by forking, creating native coins, changing specifications like reward logic, inflation rate, etc., and configuring mining tools.


Current market participants (mainly Ravencoin and Equibit) are forks of Bitcoin. We view this as a structural impediment given the nature of the industry (high transaction volume). The consensus protocol of their blockchains is Proof of Work (POW).  In POW, miners require a lot of energy to validate transactions. The implicit and explicit cost associated with bitcoin-based platforms has become apparent when transaction volumes rise with the price of the underlying cryptocurrency. Ahrvo’s blockchain will be forked from Stellar, and use Proof of Stake (POS)- a more cost-efficient and environmentally friendly consensus protocol than POW.

Ahrvo’s Platform Current Features:

  • $0 Commission Trading -Powered by Tradier, Ahrvo offer the lowest cost equities trading platform for frequent traders in the US, according to Barron’s Magazine’s 2017 ranking of the best online brokers.
  • Personal Stock Analyst– Ahrvo curates a list of top stock ideas for users on a daily, providing a source of objective investment recommendations.
  • Buy and Sell Signals– Trading signals enable users to make timely buy and sell decisions based on a combination of momentum indicators.
  • 5000+ Stock Scores– Discover stock market winners and avoid the losers with little effort. It’s simple, stocks with high AhrvoScores outperform stocks with low AhrvoScores.
  • 2000+ ETF Scores and Profiles– ETF scores, fund statistics, geographic, sector, and industry breakdowns give you a complete understanding of nearly every ETFs on the market.
  • Ranked Investment Themes – Quickly identify top industries with proprietary industry/theme scores. Sort and filter stocks within an industry/theme by different factors to find stocks that meet your criteria.
  • Wall Street Data– Earnings calendar, consensus stock ratings, and price targets, etc. are updated daily and allow you to keep a pulse on analyst opinions.
  • Social Trading Community – Ahrvo’s patent-protected software integrates both quantitative and social investing. Users can engage with other participants to discuss stocks and trading strategies.
  • Fantasy Investing League – Win cash prizes at the end of every month by finishing among the top finisher in the Ahrvo Fantasy investing league (AFIL) investing competition. Participants can also create public or private investing leagues to compete against family and friends.
  • Real-time Prices and Alerts – Set stock triggers using our factors and traditional technical indicators. Receive real-time notifications when parameters are breached, using simple IF THIS THEN THAT logic.

AhrvoDEEX Platform Features:

  • Transparent custodial services
  • Automated portfolio construction and management
  • Real-time execution and settlement
  • Onchain order matching and settlement 
  • Real-time accounting system to reconcile accounts
  • Neural network driven equity scores and price targets
  • Easier brokerage access to U.S. markets for foreign investors
  • Cryptocurrency rewards (Ahrvo coin) for users that trade (create liquidity) on AhrvoDEEX
  • Transparency and security as data is stored on an immutable ledger 
  • White-label, API, and SDK solutions

Ahrvo Coin Use Cases:

  • Platform trading fee's (provides % discount)
  • B2B subscription fees (provides % discount)
  • B2C subscription fees (provides % discount)
  • Network Custodial fee's (provides % discount)
  • Investment performance fee's (provides % discount)
  • LT licensing fees (provides % discount)
  • Margin and collateral payments
  • Network rewards 
  • Staking

ICO Token Details

Tokens Offered: 200 Million Coins
Soft Cap: $10 Million
Hard Cap: $50 Million
Release Date: 1 year after ICO ends
Private Sale: May 1st - June 15th. (20-25% discount)
Pre-sale: June 15th- June 30th. (15-20% discount)
Public Sale #1: July 1st- July 31st. (5-10% discount)
Public Sale #2: August 1st- August 31st (0-5% discount)

The team



More information about the project

Website: https://ahrvo.io/
Whitepage: http://ahrvo.io/public/frontend/documents/Ahrvo-Whitepaper.pdf
ANN: https://bitcointalk.org/index.php?topic=5125369
Twitter: https://twitter.com/AhrvoApp
Facebook: https://www.facebook.com/AhrvoInvestingApp/
Telegram: https://t.me/Ahrvo

Author: Hoangbinmcc
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1330327

OOOBTC – The Exchange Of Cryptocurrency

The cryptocurrency market seems to be growing in popularity every day. With the astronomical rise of cryptocurrencies like Bitcoin and Ethereum, there seems to be an influx of people into the market.

Many cryptocurrency exchanges cannot even afford to have their account creation feature open all the time. Such is the demand for entry into the market that trading account creation for new customers is periodically disabled. The average daily trading volume of the market is usually in trillions of dollars.

The total market cap of the entire market stands at more than half a trillion dollars which is an astonishing feat considering the market is less than a decade old. However, despite all of these large numbers, there are a number of major problems that plague the market.

To use these numbers solely as an appraisal index of the state of the market would present a false narrative. There are structural and functional issues that affect the market. These problems stem from a variety of reasons such as the infant nature of the market, lack of understanding of the cryptocurrency space, and some peculiar economics of cryptocurrencies.


OOOBTC is a gateway and exchange platform for cryptocurrencies and Crypto-ecosystem located in Singapore. OOOBTC provides diversified system functions such as spot trading, futures contract trading, over-thecounter trading, whole-network trading, and decentralized trading.

Moreover, it satisfies the needs of numerous investors. Our trading system has a robust security mechanism and reliable underlying architecture, which provides investors with a dependable trading experience. Besides, the unique online trading model of the ooobtc platform would efficiently match the market depth of major exchanges around the world while providing even higher liquidity. Relying on the whole network trading system, we believe the ooobtc platform will become the largest liquidity provider of digital assets in the world.


We have been taking variosusly careful measures like cold storage system, 2-factor authentication and encryption technology to encryt your personal account information, which allows you to have assured protection of your fund. security is the most important aspect of business practice. This is why we integrate similar smart technologies to provide our clients with the highest guarantee of security available on the market. Currently, our unique features include:

  • Pool Trading – We are capable of obtaining high trading volumes and generating substantial profits in today’s stock market due to our integration with other corporate finance houses and major trading forces.
  • High Performance Support – OOOBTC trading system adopts selfdeveloped, high-performance core matching engine technology and leverages distributed computing technologies such as Google Spanner and BigTable. Thus, it can support massive concurrent computation and make the order processing speed reach one million transactions per second.
  • Community Trading – We are capable of providing users with a platform to which they can upload their smart contracts in order to participate in an active smart contract community for trades, business, services, and increased visibility.
  • Coin Suggestions – New and existing cryptocurrencies can be submitted for consideration by our community users via our website. If we see a digital asset getting a considerable amount of support from its community, we will carry out the due diligence and make a decision to list this asset.


Exchanging crypto to fiat or exchanging fiat to crypto is one of the major problem faced by many cryptocurrencies and exchange, newbies find it so hard to key into cryptocurrencies, or trade cryptos on exchange due to lack of converting them back to fiat or fiat to cryptos. OOOBTC exchange aims to keep things very simple and fast for beginner users looking to delve into the cryptocurrency space. Even if you have never heard of Bitcoin or Ethereum before, OOOBTC does a very good job at creating a welcoming and informative page that invites users to explore this new endeavor.

With the debit/credit card implementation, one can easy withdraw and deposit fiat to purchase cryptos using a simple steps via Mastercard, verve, visa or any other acceptable card. Also with the recent development and partnership with some fiat payment providers. We will include fiat trading against cryptos.


The OOOBTC token will serve as the driver of our platform and not only valid in our exchange but will be used across well known exchanges, It is a reusable ERC20 token that is freely transferable on the Ethereum blockchain and can be held within the our integrated wallet or any ERC20 compatible wallet, at the discretion of the user. OBX Token can be purchased directly on the platform or from external markets and exchanges. To support the project of OOOBTC exchange, we will launch different promotion campaign. The total supply of the OOOBTC native token is 3 billion (3 000 000 000) and no other token can be created.. NO PUBLIC SALES, NO ICO WILL BE HELD.

Token use case, liquidity and allocation
  • LISTING FEE - 20% Project listing fee will be payable using theOBX Token.
  • AIRDROP AND REWARDS - Holder of OBX Token will receive airdrop of any token/coin listed on our platform and will also take part in trading reward.
  • DIVIDENDS AND GAMING - Token holders will earn 20% - 50% daily/monthly dividends from our trading commission. Daily personal OBX trading volume from 0.01, gives one the opportunity to draw a lottery and win more OBX Token.
  • VOTING - Only OBX holders can join our monthly “vote for your coin” listing campaign.



OBX Token is an ERC 20 standard token and when held on the exchange will enjoy dividends shared from the total platform revenues. The amount of Obx bonus is calculated based on the amount of asset held at 00:00 on a daily basis and the trading fee of ooobtc at the current hour which is normally distributed at 02:00 UTC (UTC + 8) everyday.

Usually all users get their bonus within 24 hours. The bonus will be paid directly to users account without the need of manual collection. You need to hold at least 1000 OBX to obtain the bonus and keep them for more than 24 hours. We will make a unified payment to users for OBX bonus, please rest assured and wait for the bonus arrive at your ooobtc account. The daily dividend received by the users is not a fixed number, the more OBX you hold the more profits you willreceive.

The OOOBTC Dividends and bonus system are in six (6) phase

  1. Dividends according to the total market value of all the currencies held in your OOOBTC exchange wallet.
  2. Holders of OBX Token will get daily dividend paid in OBX Token and this is based on the total number of OBX one is holding.
  3. Recommend a friend to purchase and hold OBX Token and you will get daily dividends paid as recommendation reward.
  4. Register new users and get OBX Token paid as referral commission.
  5. Win OBX Token by playing games through the OOOBTC Game Center.
  6. Earn dividends as our market maker, by trading OBX Token daily on OOOBTC exchange you will earn dividends generated from our trading fee.


OOOBTC we will use 20 - 50% of all trading fees earned by ooobtc to buy OBX from the market and then redistribute to users base on the OBX Bonus Program. Furthermore, all ooobtc Bonus moving forward will be given to users in OBX instead of other cryptocurrencies traded on the exchange. We believe this will simplify our OBX Bonus system and fit better with our user's expectations.


OOOBTC Charity Foundation (OCF) is a non-profit organization dedicated to the advancement of blockchain-enabled philanthropy towards achieving global sustainable development. OCF aims to transform philanthropy by developing the world’s first decentralized charity foundation to build a future where blockchain technology can be used to end all forms of poverty and inequality, advance sustainable development and ensure that no one is left behind, OOOBTC will donate 10% of it revenge to OCF.

One of the key benefits provided by blockchain technology is transparency, which is also one of the greatest challenges faced by charities today. “Donors don’t have the visibility as to where their funds are going, and most donations do not reach their intended beneficiaries.

This lack of transparency causes a lack of trust, further reducing the willingness for people to donate to charity funds in general, we will partner with charity organization around the world and reach out to those who needs financial support for healthcare, education, water, shelter and good care.

What we do:
1. Incubate entrepreneurs and projects Make direct investments
2. Collaborate with other industry partner and participate as LP
3. We offer charity event like healthcare services, children education,

We support enterepreneurs in:
1. Funding
2. Go-to-market strategy & BD
3. Token Models & Distributions
4. Technical Review
5. Listing Advice
6. Talent Recruiting
7. Digital marketing
8. Blockchain development.


  • Q2 2017 - Conduct market researchand verify technical and market feasibility.
  • Q3 2017 - Set up the projectteam, obtain project Approval and develop products.
  • Q4 2017 - Main project launch. OOOBTC launchthemost Largest Singapore crypto Currency exchange.
  • Q1 2018 - Public API Release, develop new Prototype capable of more than 50,000 TPS.
  • Q2 Q3 2018 - Launchof newand improved exchange UI/UX withmassive upgradesfor traders including aworldclassUIthatisresponsive for mobileusers.
  • Q4 2018 - OOOBTC launch Atomic swap trading (Atomic Cross-chain transaction)
  • Q1 2019 - Launch of OOOBTC token (OBX TOKEN), the launch of ooobtc token which will be the backbone to the exchange. Aidrops, bounty, trading competitions, listing competitions amo ng solid projects.
  • Q2 2019 - Launch of anewaffiliate reward program forreferrersto the platform, full worldwide promotions and marketingof ooobtc exchange
  • Q3 Q4 2019 - OOOBTC version 2.0 launch mobile app with 100% friendly. More crypto games integration
  • 2020 - Newroadmap update and Continue development of The exchange. Fiat pairing andDebit card integration.

More Informatio
Website Offical: https://www.ooobtc.com
Whitepaper: https://www.ooobtc.com/assets/whitepaper/obx.pdf
Twitter: https://twitter.com/ooobtcExchange
Facebook: https://www.facebook.com/ooobtcExchange
Telegram: https://t.me/ooobtcExchangeNews

Author: Hoangbinmcc
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1330327

The core of ICOVO is DAICOVO smart contract

ICOVO is a versatile platform facilitating the launch of DAICOs and integrating all the functionality necessary for running ICO campaigns.


Increase ICO Transparency and Protect Investors

We aim to protect ICO investors by introducing a fundraising management system and
increasing the transparency of ICO project founders as well as the projects themselves.

+ Decentralized Token Management: We will create DAICOVO, an original smart contract incorporating DAICO’s fundamental idea of decentralized token management.
We will introduce a system that only allows withdrawals according to the capital demand of a project’s pre-loaded schedule through a Tap system (setting an amount that can be withdrawn per unit of time). This will prevent developers from running off with raised funds.
In the event that an investor notices a problem with the project, they are able to retract their investment that was raised under agreement as a refund.

+ Decentralized White Paper Versioning: Versioning for White Paper not to be tamperd is managed by InterPlanetary File System (IPFS).
+ Team Member KYC/AML:
We will increase ICO project team member’s transparency by providing ICO project team member’s KYC/AML on ICOVO website in a centralized method.
+ Visualize Activity Situation: We will increase project transparency by quantifying social media activity and GitHub updates on ICOVO’s website.

Reduce Barriers for ICO Participation
Create a better investment environment and reduce barriers to ICO participation by unifying the investment process and the format for information disclosure.

+ Implementing Local Wallet: Implementing a safe local wallet in ICOVO's original ICO-specialized smartphone app, the ICOVO App, helps with understanding the participation process for complicated token sales and managing tokens.
+ Unifying Formats
ICO project pages and summaries of whitepapers on ICOVO’s website presents information consicely, making it easier to understand for investors. Accessibility is enhanced by offering a summary of all the projects using the same format.
+ Reducing labor for KYC
Eliminate the need for ICO investors to do KYC each time they invest. When they participate in ICO project token sales on the ICOVO App, they perform KYC only once as ICOVO will share the information with the ICO project founders.

Increase Project Durability
Sustain project founders' motivation for product release and increase project durability by introducing a system in which project founders can only withdraw tokens according to their investment demand milestone.

+ Fund acquisition≠Goal: By introducing a system of original smart contracts implementing DAICOVO in which funds can only be withdrawn according to a project’s pre-loaded schedule by Tap (set an amount that can be withdrawn per unit of time), motivation to finish the project founders.

Service Overview and Organization

ICOVO is the world’s first and only ICO platform that can actualize healthy ICOs. The core of its service is the DAICOVO smart contract, which is based on the concept of DAICO, which was advocated by Ethereum co-founder Vitalik Buterin in January 2018.

Each country’s government is advancing regulation in order to create a healthy environment for ICOs, but this is difficult to achieve for borderless ICOs using only centralized regulation.
We will solve fraud and decrease in project motivation – the problems raised by ICOs – through the decentralized approach of DAICO.

With the mission of having all ICOs use DAICO, we will develop and open source DAICOVO, which is aligned with the thinking behind DAICO.

In addition, we will issue OVO tokens, which will be specialized as a currency for procuring ICO investments.

Ethereum, which has a high distribution amount and is universal, is currently used as the main currency for procurement, but we will provide benefits for ICO investors for using OVO for participating in projects on the ICOVO platform.

OVO is the world’s only token specialized for ICO fund procurement. Its value increases the more sound ICOs are undertaken on the ICOVO platform, so OVO will serve as a symbol and index of the health of the ICO environment.

In addition to creating a healthy ICO environment with DAICOVO and OVO as its core, ICOVO has as its mission to expand the range of ICO investors and the ICO market itself. ICOVO will solve problems by eliminating barriers to the process of participating in ICOs so that anyone can easily participate. They will be solved through providing ICOVO App (iOS/Android), which integrates the world’s only wallet optimized for ICOs, and ICOVO Web, which will increase usability when participating in ICOs through personal computers.

Through the provision of its four services – DAICOVO, OVO, ICOVO App, and ICOVO Web – ICOVO will build an ecosystem for reliable blockchain-related startups.

DAICOVO: Smart contracts implementing the DAICO model

In addition to the functions required by ICO project founders such as issuing, selling, and managing unique tokens, DAICOVO offers smart contracts optimized for ICOs adopting the DAICO model. For ICO project founders who use DAICOVO to do their ICO on ICOVO Web, all of the required work, including token design, DAICOVO parameter setting, compilation, and deployment, is free. We plan to release DAICOVO as open source.

Proposed by Ethereum co-founder Vitalik Buterin on January 6, 2018, a DAICO is a model that uses decentralized methods to prevent planners from dishonestly using funds raised through an ICO. In ICOs using tokens that conform to the ERC20 standard, smart contracts are used to limit the amount of funds raised that project founders can withdraw per unit of time, and if the project is canceled for whatever reason, the remaining funds can be returned to the ICO investors if a consensus is reached

ICOVO App: A smartphone app featuring a wallet optimized for ICOs

ICOVO's iOS/Android features a multi-token multi-account wallet compatible with ETH and ERC20 tokens based on the safe private wallet, Wallet format with the purpose of enhancing security by storing the private key only in the mobile device not online, that has been released and is already in use by many, Tachyon, developed from scratch by our CTO Nishimura.

ICOVO App have the one stop solution for investors and project founders. Project founder don't need to develop it anymore.

ICOVO App also have dashboard features,KYC/AML,Whitelist registration, Whitepaper viewer,ICO project list integrates with ICOVO Web and Photo ID uploader.

Furthermore it include DAICOVO user interface and has the interface for Decentralized Exchange(DEX) where users can trade their tokens.

ICOVO Web: An ICO listing site with thorough ICO investor protections

ICOVO Web is a website for ICO project founders to list their ICOs for investors. It thoroughly protects ICO investors and lists only ICO projects that comply with ICOVO requirements. The criteria for listing on ICOVO are the utilization of DAICOVO, planner KYC/AML as required by ICOVO, and disclosure of the progress of the project.

The biggest feature is whitepaper versioning using IPFS. All the whitepapers of ICO projects listed on ICOVO Web are managed by IPFS and Block chain. Whitepaper versioning through IPFS storage and block chain makes it impossible to tamper with whitepapers later on. This means that even if investors fail to download the whitepaper before the ICO or lose it, they can always verify whether the project is proceeding according to the original whitepaper, and if it is not, they can draft and vote to have their money refunded.

The KYC required by ICOVO, which includes passport-based ID verification and AML, applies not only to the investors but also to the ICO project founders. Furthermore, in order to increase the transparency of ICO project activity, ICOVO shares the state of progress on the project by quantifying and displaying the project's use of GitHub, social media, and other major tools.

ICOVO also requires a uniform format for certain essential whitepaper items so that each ICO project planner's whitepaper can be read in a unified format. The ICOVO App is synchronized with the ICO list information and bookmark function so that ICO investors can achieve participation all in one place.

We also provide ICO project founders with a white-label dashboard for investors including a referral program, airdrop program, KYC/AML and more.

Token and Token Sale

ICOVO will issue its own token—OVO (OH-vo)—that can be used on our ICO platform ICOVO. OVO has some utility functions. ICO investors can purchase ICO project tokens at a 25% discount compared to purchasing with ETH. It can also be used to pay for co-working spaces and other services ICOVO provides. Moreover, OVO can be used to exercise voting rights for raising the Tap (amount that can be withdrawn per second) or returning a procured funds back to the investors. The OVO token does not possess the functionality of assets such as securities, and its distribution is not linked to ICOVO’s profits



More information

Website: https://icovo.co/
Whitepage: https://icovo.co/whitepaper/20180831_wp_service_en.pdf
ANN: https://bitcointalk.org/index.php?topic=4468796.0
Facebook: https://www.facebook.com/icovoco/
Twitter: https://twitter.com/ICOVOCO
Telegram: https://t.me/icovoco

Author: haudhv
Profile: https://bitcointalk.org/index.php?action=profile;u=1814424

Polkadot's Plan for Governing a Blockchain of Blockchains

Who has the authority to change a public blockchain?

It's a question that has been in the minds of top cryptocurrency developers as the many available networks struggle to serve their diverse, often conflicting stakeholders. But that's not to say there aren't norms and best practices - the ability to make and enforce software changes is generally split between the developers that write the code and the computers, or nodes, that install it.

However, Gavin Wood, ethereum co-founder and one of the leaders of an upcoming blockchain interoperability protocol called Polkadot, is shaking up the status quo with a newly published playbook that designates management power directly to token holders.

Distributed in a token sale last year, DOT, the internal token of the Polkadot network, allows its holders to vote directly on a piece of code, which will then automatically upgrade across the network. A way of bypassing the relationship between developers and nodes, the method is not without its controversy, but according to advocates, it's a step up from what is on offer in most blockchains today.

"This initial proposal for Polkadot governance definitely tries to address the shortcomings of many existing chains, which ended up with community deadlock or continuous splits," Peter Czaban, director of the Web3 foundation, which sponsors the research and development of Polkadot, told CoinDesk.

Stepping back, the problem of governance is at the forefront of the ethereum today, as tension concerning fund recovery has raised critiques of the effectiveness of the platform's processes.

"We might have solved consensus for what happens on the chain, but we're still woefully inadequate at solving consensus for what happens to the chain," Gavin Wood said in an interview.

Since the Parity fund freeze in November (which froze some $176 million of the Polkadot token sale), efforts to recover and redistribute funds have largely fallen silent. According to Wood, this is due in part to the absence of a clear process for measuring the consent for, and enacting, controversial changes.
"Recent challenges in ethereum governance have made it clear that regardless of the specific feelings of community members, it is extremely important to have a clear process for making any irregular protocol changes, be they feature additions or bug fixes."

Clarity of process

And it's this need for a formality that, in part, drove the conception of the Polkadot governance method.

In the long-anticipated blockchain of blockchains, every change to the protocol, even minor changes, must undergo a voting referendum in which DOT owners vote on a piece of code.

"It's possible to be able to vote directly on the piece of code that will replace the previous piece of code, and removes any sort of ambiguity in terms of what the change will actually imply," Czaban explained.

These votes work in tandem with a council that can block malicious proposals, as well as leaning the vote if a larger portion of DOT holders are absent. Then, given a majority vote, the Polkadot code base will shift.

In part, the formal method was needed due to the differences between Polkadot and a more conventional blockchain. Instead of nodes, Polkadot consists of "validators," "nominators," "collators" and "fishermen," each securing the network in different ways.

While some of these resemble a typical blockchain node, because of the technical nature of Polkadot - the heart of the code is self-defining - they're not responsible for adopting changes.

"Validators are powerless to block a change that they personally don't agree with nor are they able to hold the network to ransom," Wood said.

According to Czaban, the use of DOT token holders within this framework was largely a practical choice, and he emphasized, one that could evolve into the future.

"There are many different potentially parties that might be involved in the ecosystem, however, the stakeholders are really the only well quantifiable party that we have at our disposal," Czaban said.

Coin-holder controversies

Token distribution, therefore, has emerged as a major lightning rod.

Half of all DOT tokens were sold in October, with the remaining tokens split between the Web3 Foundation and 20 percent allocated for further distributions.

Because control of the network is pegged to this distribution, as well as an elected council that has the power to veto certain changes, ethereum developer Vlad Zamfir told CoinDesk that he has his suspicions about how the idea will work in practice.

"I'm not an expert on their governance model, but I've had enough of a look to definitively disapprove," he said.

At the ethereum community conference, EthCC, last week, Zamfir presented his ongoing research on governance, a key line of inquiry alongside the construction of ethereum's proof-of-stake protocol, Casper.

A vocal critic of what is called "on-chain governance," Zamfir has written that automated methods of decision-making deny node operators an important role, and as such are "antithetical to the ethos of public blockchains."

In an email to CoinDesk, Zamfir explained, "I don't trust coin holders and don't think they should be more explicitly in charge than any other community members."

However, Wood is unswayed, telling CoinDesk that token holders have an economic incentive to act in the best interests of the network.

"Stakeholders have a very clear and broad incentive to do what's right for the network, which essentially means driving the price up," Wood argued. "It's also unreasonable to believe that node operators are somehow experts on protocol changes."

A good start

Regardless of controversies, the Polkadot governance method has been designed so it can be easily adapted, and this is where its creators believe the key value-add will be.

"This is a very pragmatic proposal," Czaban told CoinDesk, "Something that we can do, we can implement, using what we have right now."

While token holders are the easiest participant to quantify, the governance process could extend to include others in the future.

"As there is more research and understanding into the different mechanisms for governance, and who are the different parties that we might be involved, those can be included," Czaban continued.

The Web3 foundation will also be supporting the next meeting of the Ethereum Magicians in Berlin in July, which as detailed by CoinDesk, is a group of ethereum developers seeking to redefine the process of making changes to the platform.

"We are definitely very interested in trying to drill more deeply into the topic of governance," Czaban said.

Vitalik: Ether Limit Is a 'Joke' Worth Taking Seriously

That's the gist of a tweetstorm Monday from Vitalik Buterin, in which the ethereum creator said his proposal to create a hard cap on the supply of ether tokens was intended as an April Fool's "meta-joke."

While he said he originally just wanted to see people argue over the merits of fixing the supply, Buterin added that he now believes the idea is "worth considering."

Ethereum Improvement Proposal 960, published April 1, suggested that the ether supply be capped at 120,204,432 units, twice the amount originally sold in 2014. Addressing the cryptocurrency's presently unclear monetary policy, the proposal suggested that a hard cap would "ensure the economic sustainability" of ethereum.

It should not matter whether or not the proposal was written as a joke, Buterin said Monday on Twitter. Because "the words actually were written in the github issue, and the arguments for it are real arguments," he said the suggestions are "very real."

He continued, saying:
"If the community wants fixed supply and people believe that EIP 960 is a good way to achieve that, then it should adopt the proposal. If the community does not, then it should not. This is true regardless of whether or not the original intent was in jest."
Buterin also said some 20 percent of his blog post announcing the EIP was plagiarized from the website of Tron, a digital entertainment blockchain startup.

Yet based on community feedback, Buterin said he "now believes" that developers should look at creating a hard cap. He listed some arguments in favor of the proposal, including that in the long run, "inflationary tokens are a bad idea."

Buterin concluded by saying that the ethereum community has progressed from waiting for the core developers to make every change to debating ideas regardless of who proposes them, but noted that "there's still a long way to go."

Sharding Is Ushering in Radical Ethereum Designs

So-called "sharding" may still be theoretical, but the promising implications of the concept are becoming more and more real.

At least that's the case on ethereum, where developers are beginning to see the scaling solution, which would essentially split the blockchain into parts that would run on different servers, as an opportunity to test fundamental assumptions about one of the world's largest cryptocurrencies.

Although initial roadmaps are just now being discussed, ambitious coders are already jumping to introduce protocol-level redesigns that could be made possible by the upgrade.

"Sharding is a huge, huge change to the network," said Phil Daian, a researcher at Cornell University's Initiative for Cryptocurrency and Contracts (IC3). "A lot of people think it provides an opportunity to redesign economic models and other aspects of the system."

For Daian, the realization comes on the heels of a developer retreat in Taipei, where, sharding, and other speculative changes, were discussed. Now, along with an all-star team of co-founders including Ari Juels, Lorenz Breidenbach and Florian Tramer, he putting his efforts into an initiative aimed to redesign ethereum to work more efficiently, Project Chicago.

The project is trying to identify exactly what commodities are being traded at the core of ethereum today. By isolating a variety of network elements, like its gas, storage and UTXO transaction data, the team plans to implement protocol-level markets for what they call "crypto commodities."

"We want to look at all of the services and resources the network is providing and say, 'OK, how do we create a market-based system for price discovery and the incentivization of this,'" Daian told CoinDesk in interview.

The researchers were inspired to create the concept after developing a tool called GasToken, which allows ethereum users to store gas (ethereum's token for paying fees on the network) when it's cheap and sell it at a later date when the price is higher.

And while not many people are using the tool yet, it's effectively shone a light on an incentive flaw within the ethereum system in that, as people look to store GasTokens, it further bogs down the ethereum state - the part of the system that keeps track of all possible computations.

Already, the incentive flaw is reigniting discussions about the need for users to pay so-called "rent" on the amount of time they need their data to be stored on the blockchain. But because GasToken incentivizes people to hoard their tokens, "it's a clear artifact to point to show people why today's model is flawed and why rent needs to be introduced," Daian said.

Still, this isn't the only thing the researchers at Project Chicago think needs to be redesigned.

And as such, Daian spoke more broadly about sharding, stating:
"It could actually provide a once-in-a-lifetime opportunity to radically redesign the system and reset people's expectations from scratch."

Futures market inspiration

That's because, according to Project Chicago, at its core, a blockchain is a marketplace, one where miners sell resources allowed by the software to users. Focusing on this, Daian last week drafted an incentive scheme for peer-to-peer networks, one that would not only pay participants for routing transactions, but apply the same logic elsewhere.

"These resources can be anything from block space, to CPU on full nodes, to permanent storage on full nodes, etc. So, we sort of came at this from the beginning, questioning the pricing models that blockchains have today," Daian said.

Created earlier this year, GasToken was the first step in this direction. In practice, it works by exploiting a feature named "gas refund," which is intended to incentivize users to delete data. But with GasToken, it's possible to abuse the feature, encouraging users to store and drop contracts, as timely deletions can return higher gas.

Daian described this as a "fundamental mis-pricing" in ethereum, in that it values computation as equivalent to storage. "Because of that, we've now created a direct financial incentive for people to bloat the state space and store garbage," he said.

As well as revealing inefficiencies in ethereum's incentive structure, GasToken paved the way for a line of inquiry that could be extended deeper into the protocol layer.

"It sort of made us realize that there's this whole under-researched space of how to deal with these these raw resources that are fundamental to different blockchains today," Project Chicago's Tramer told CoinDesk.

By identifying markets for raw resources, Project Chicago intends to pave the way for other financial mechanisms, such as futures. "[We'll be] looking at different kinds of futures for ethereum, computation, storage and network, and how you can build them," Daian said.

According to Tramer, by speculating on the availability or scarcity of the underlying resources over time, such markets could potentially mitigate price volatility, just like on traditional markets.

Daian echoed this, telling CoinDesk:

"There are really concrete analogs to the real world here. The Chicago Mercantile Exchange (CME) was our inspiration for Project Chicago. And I think a lot of real-world problems could have been avoided by a nicer economic model."

Luxury blockchains?

However, Daian is aware that by ramping up the markets, such schemes may not prove popular.

For example, an increased number of incentives could lead to centralization, attracting large-scale players to participate in storing or mining the blockchain in exchange for rewards. Daian deflected this though, stating, "My argument would be that you're essentially saying you've introduced an incentive and now it will be vulnerable to economies of scale."

He continued to say that bigger economies are both positive for security, in increasing the cost of attacks, and an inevitable economic progression, "even if you do fight them,"referring to monero's recent efforts to defend against large-scale mining.

But there are other potential issues to the mindset, as well. While Project Chicago could provide incentivizes for a host of new participants, such schemes would come at a cost.

For example, rent would mean that token issuers pay a yearly fee to host a smart contract on ethereum, which, failing renewal, could lead the contract to be deleted.

According to Daian, it's possible that new charges could drive users away. "It is worth saying that for all of these crypto commodities, a big is risk in my mind is that people sort of like the cheaper, subsidized model," he said.

Plus, in a competitive market for blockchains, new cryptocurrencies could emerge that offer free usage in the short term, "because there's not that much demand, and perhaps there's good supply."

And while the new incentives could be a big improvement for speed, as well as scaling and decentralization, it's not clear how much those attributes are valued by users.

Vitalik Wants You to Pay to Slow Ethereum's Growth

Could adding a new fee help preserve ethereum in the long term?

It's a contentious statement in light of the debates ongoing across blockchains over how and when users should pay to support what amount to global computing networks. However, the concept is now gaining notable momentum on ethereum, most recently from the creator of the world's second-largest blockchain himself, Vitalik Buterin.

Buterin's concept, described in a recent blog post, revolves around so-called "rent fees," whereby users would be asked to pay to use the network based on how long they'd like their data to remain accessible on the blockchain.

The idea has recently seen interest generally, as ethereum developers have sought to cope with the platform's increased adoption, and, in turn, the increased amount of data being added that all network nodes need to store.

In short, it's a tragedy of the commons issue - if too many people use the resource for free, the network starts taking on the costs itself. And there's plenty of evidence to suggest that there is already reason to worry.

With rising use spurred by popular apps and ICOs, notable developers, including ethereum researchers Vlad Zamfir and Phil Daian, believe the problem needs to be addressed now.

"No one likes talking about rent, but we need to have this conversation," ethereum developer and Thiel fellow Raul Johnson recently tweeted.

"Core developers need to relay this information to the smart contract developer community ASAP to get their opinions on the matter," he continued, adding:
"The current system as it stands is unsustainable."

Fees, explored

Still, Buterin's backing could be a sign that momentum might build around the idea.

So far, he has broached the idea with a pair of proposals on the subject, including a succinct possible solution he calls "a simple and principled way to compute rent fees." And Buterin's first proposal is as simple as its title suggests.

The idea is to compute fees based on a long-term limit on the "state," a slice of special ethereum data that node operators need to store, which tracks who owns the current information about all apps (including user balances, who has posted so much data in, say, a Twitter replacement app and so on).

Under the proposal, state data stored in a node computer's RAM - now about 5GB - will never be allowed to exceed 500 GB. To ensure this, users will have to pay fees based on how long their data is stored. In this way, data is kept in check, since fees will grow if storage creeps toward that limit.

One notable part of Buterin's proposal is that he tries to incorporate a scaling change that ethereum developers have long wanted to add to the platform.

Although the most recent roadmap claims deployment is still years away, "sharding," as it's known, could potentially boost the amount of resources a database can handle by splitting up the data. In ethereum, the idea is, each node wouldn't have to store all of ethereum's historical data - just a slice of it.

"With sharding, the maximum acceptable state size would be per-shard, so the above fees would be decreased by a factor of 100," Buterin said.

Buterin also tries to address another key problem with rent: its bad user-experience. Most rent proposals today would require users to know how long their data will need to live ahead of time, which would be prone to error.

His second proposal explores a way of quashing this annoying guessing game by letting users use their state even after it has expired. Essentially, they would prove that their state existed at a previous point in time, with the help of a cryptographic technique called a "Merkle proof."

Deep-rooted problem

One problem with all this, though, is that fees, kind of like taxes, are never popular.

Bitcoin's years-long debate, for example, mostly centered on fees and the trade-offs associated with them. If fees are increased, less data will be stored, making full nodes easier to run. The downside, of course, is it would make the cryptocurrency more expensive to use.

One question is whether ethereum users and developers will react the same way, arguing "the rent is too damn high." In this way, Johnson worries that suddenly adding extra fees would alarm developers who have already deployed apps on ethereum.

Johnson argues for changes that aren't so knee-jerk and should be phased in slowly to give developers time to adjust.

Not to mention, some believe a similar rent needs to be applied to all cryptocurrencies. Indeed, scaling problems - and the associated fees - are a problem across blockchains.

Daian went as far as to argue that bitcoin needs to apply the same model. Like ethereum, bitcoin currently doesn't charge for the lifetime of a coin.

"Bitcoin is not free of these issues," he said, arguing that its simpler model incentivizes state bloat in a variety of ways, "exposing users to a variety of other consequences of mispriced storage."

Pricing resources to the right degree is such an important area of research, that Daian, a smart contract researcher at IC3, and others at the institute have set up an initiative called Project Chicago dedicated to the effort.

Even if this is a lesser-explored area and researchers haven't yet found a concrete solution, he's optimistic.

Daian concluded:

"No cryptocurrency has figured out good models for pricing these resources thus far, and ethereum's storage rent represents a step in the right direction towards these goals."

High-Frequency Trading Firm Virtu Threatens Legal Action Against Virtcoin

HFT giant Virtu has been the target of an apparent clone scam, using its likeness to attract possible investors. The company is threatening legal action and has already approached the authorities about the matter. The promotional matrial for the “coin” in question, Virt, is so bizarre it almost looks like a parody of the current state of the market or the result of an ICO whitepaper writing AI gone rogue.

Virtu Clone Scam

Can you tell the real logo from the clone?

Virtu Financial (NASDAQ:VIRT), one of the largest high-frequency trading firms on Wall Street, has issued a warning to the public on Friday against Virtcoin, explaining it has no relationship, connection, or affiliation to the company and its officers and directors. Additionally, “Virtu has notified the appropriate authorities and intends to commence all necessary legal actions to defend itself from any attempt to infringe on Virtu’s copyrights, trademarks and intellectual property.”

This came after a fake press release was sent out by Virt on Wednesday using images of the Virtu team and trying to link the two entities. The misleading press release even claimed that “Douglas Cifu, Virtu Financial’s chief executive, told Wall Street recently that the company is going to issue the upcoming token VIRT for the trading desk.”

Deep Concern and Support

Judging by the website and whitepaper of the project, Virt appears to be either run by a bunch of Chinese scammers that don’t know basic English and are reliant on auto-translation software, or an entity that is pretending to be illiterate for some reason. For example, the Virt whitepaper opens with this word soup: “Encrypted digital currency is a form of value data based on block chain underlying technology. At present, the most outstanding ones are bitcoin, Wright currency and Ethernet. Digital money is not a legal currency in any country or region through the transaction of data and the function of the transaction medium, the bookkeeping unit and the value storage Therefore, the encrypted digital currency is different from the electronic currency, and the electronic currency is the digital expression of the legal currency, which is used to carry out the electronic transaction of the legal currency.”

The fake press release also ended with this nonsensical endorsement: “The forthcoming VIRT, a trading counter token, is promising. Deutsche Börse, operator of the Frankfurt Stock Exchange, even prepared a $ 60 million financing for Digital Asset Holdings. Elmer Funke Kupper, ASX’s chief executive, also expressed his deep concern and support.”

Virt whitepaper falsely displaying Virtu management as their “support force”

If whoever is behind Virt is doing this for comedic effect, they might soon wind up with a not-so-hilarious lawsuit on their hands.

How the Marshall Islands Sovereign Cryptocurrency Came About

The cryptocurrency community is full of entrepreneurial people who think they can change the world. From challenging financial and tech giants to attempting to establish sovereign micro-nations, nothing is beyond their reach. A recent example shows they can even successfully convince countries to issue their own cryptocurrency.

How a Coin Is Born

The team behind Neema, an Israel-based remittances startup, has given interviews to various Israeli financial press about their involvement in the creation of the upcoming Marshall Islands cryptocurrency, Sovereign(SOV).

CEO Barak Ben Ezer explained the problem with other cryptocurrencies that he thinks only a nation can solve: “These coins are unregulated and subject to capital gains tax as if they were stocks, and it created a situation in which these currencies could not be used in everyday affairs. When I tried to understand why it was stuck, I read a circular by the IRS, where it was written that the definition of money is ‘the legal tender of a sovereign state’, so I said that if that’s what they say, let’s find a state and create a digital currency together with it, which is its legal tender.”

As to why he approached the specific country that he did, the Marshall Islands, the CEO said: “I was looking for a country that would be open to the idea of adopting a cryptocurrency as legal tender. I ruled out countries like Sweden and went to the smallest countries in the world. The smaller the country, the easier it will be for it to adopt such a currency. I added another parameter – a country that does not have its own currency. That’s how I got to the Marshall Islands.”
Costs and Benefits

“We are taking all the expenses of this thing on us, which will cost us tens of millions of dollars,” explained Ben Ezer. “We need to finish developing the technology and implement the payment system across the islands, and each and every one of the businesses here will have the ability to accept payments in cryptocurrencies.”

As for where the money is going, he elaborated: “50 percent of the money will go to the State Budget Support Fund, 20 percent to the fund that handles the victims of the nuclear tests that the US conducted in the country in the 1950s and 1960s. Another 20% will be distributed directly to citizens – an office will be opened for each person to come with an ID and receive his allowance equally, and the last 10% will go to a fund that supports the use of green energy. The Marshall Islands suffers a lot from global warming because of its unique geography, and they want to transfer all their islands to solar energy. For us this is an opportunity to fulfil all our dreams of how we want a society and a state to be operating.”

Not Enough for a Tax Haven

Neema’s Israeli lawyers even helped with the drafting of the needed legislation. Attorney Yuval Shalhevet said: “The Marshall Islands central bank was involved in the process, but since they do not have a currency (they use the USD), the Marshall Islands rulers never dealt with monetary regulation. They did not really have currency laws, we helped write the law.”

“The Marshall Islands’ greatest concern was to [not] become a haven for money laundering,” Shalhevet explained. “The state did not want to turn into a shelter for money launderers. They were afraid of lawsuits against them, so we built up barriers. Once someone converts the coin to fiat money, there will be a face recognition process. This process does not exist at the initial offering stage, as is customary in ICOs. The technique will be using face detection technology to make sure that it is the right person who draws the money.”

Asked about the risk of creating a tax shelter, the lawyer answered that: “The tax authorities are the first to deal with the crypto coins, and if they think there is a problem with a tax shelter, they can fix it right away. Now the intention is to raise $30 million, that’s not exactly the amount of a tax shelter. Additionally, the document defines exactly how much the coins will grow every year, and there is also a set quantity for the pre-sale – so it’s not really a tax haven.”

Eight Ways to Profit in a Crypto Bear Market

If the crypto winter has placed your altcoin trading on ice, you were never a trader to begin with. Any fool can make money in a bull market, but bear markets are where knowledge is gained and future profits are carved.

Bear Markets Are Best Markets

There’s an assumption, among less experienced traders, that once your altbags are underwater, there’s nothing to do but wait it out. Take up fishing; join a gym; kill some time until more favorable conditions return. Not so. Following the giddy euphoria of daily all-time highs, level-headedness returns. Clear thinking prevails when hype has been hustled out of town. While some of the following strategies call for experience, the majority require little more than a willingness to study. Put in the hours now and when the running of the bulls resumes, you’ll be at the head of the pack.

Bitcoin doesn’t need to move up for you to profit – it just needs to move. Any which way is good provided you can identify the trend. The shorter the time frame, the greater the risk of getting liquidated – but the quicker the payday. The likes of Bitmex and Okex offer futures as well as perpetual contracts that are funded every eight hours. Beware of futures trading altcoins such as ripple and litecoin, because bitcoin chooses the tune the rest of the market moves to.
Give Margin Trading a Go

Margin trading is basically futures on steroids. Crank up that leverage all the way to 100x if you’re feeling foolhardy or supremely confident. The rewards for mastering margin trading are huge: Bitmex’s top two traders have amassed 7,000 BTC between them. They’re exceptions though. In conventional cryptocurrency trading, you get to keep the coin, even if its BTC value sinks. With margin trading, the margin for error becomes wafer thin the higher you crank that leverage, and the penalty for failure is liquidation.

Brush Up on Technical Analysis

If there’s one thing a bear market’s good for, it’s homework. While the benefits bestowed by technical analysis (TA) can be debated, no trader in their right mind would consider margin or futures trading without a basic understanding of it. Start with the basics such as moving averages and RSI, and then move on to ichimoku, fibonacci, and all the rest. Bitmex’ testnet is your playground for experimenting with indicators without getting rekt.

Most crypto traders have lives away from the soft glow of dual Tradingview monitors, and it’s unlikely you’ll have the time and skill to become a TA pro. Getting a feel for the basics will help you time your entries and exits better, however, and when the markets turn green, you’ll stand a better chance of selling near the top instead of falling for the hodl meme and suffering another 70% retracement.

Scalp Your Way to Profit

When the markets are capricious, there’s money to be made in creaming profits off small price movements. Scalping is a smash-and-grab job that requires little other than free time and a willingness to grind it out through frequent buying and selling. Like all trading strategies, scalping is not without its risks. All it takes is one major fail for your hard day’s haul to be undone.

Dig for Hidden Gems

Everything’s cheap in a bear market, but just because a coin’s cheap doesn’t mean it has value. Thanks to the low volumes and depressed prices, there’s no need to rush into trades. Instead, take your time to research projects that are undervalued and have the potential to 10x or greater when the market rebounds. Examining coins that have dropped 70% or more from their all-time high will reveal, amidst all the dross, a handful that have been unfairly hammered.

Most crypto traders are impatient, and sometimes a coin is languishing simply because the crowd has lost interest while the platform is under development. Monitor the social feeds and Github repositories of projects you like to learn when their mainnet is due to launch.

Play ICO Detective

Market shakeouts are great for separating the wheat from the chaff, especially when it comes to ICOs. In early January, any piece of vaporware was guaranteed to hit its cap. With many tokens trading at a loss the moment they hit an exchange, investors now have to be savvy. Instead of FOMOing into some 5/10 crowdsale that’s ending tomorrow, save your ether and put your time into investigating projects whose sale is still months away. Read their technical documentation, Google the team, and pore over their token use cases. Just as experienced traders can spot a bear trap when they see one, experienced ICO researchers can spot a winner long before the crowds have caught on.
Get a Job

If crypto trading’s stopped paying the bills, perhaps it’s time you got a job. No, not a McJob – a crypto job. There are still loads of companies hiring because they, like the bulk of the crypto community, are confident that these bearish conditions are only temporary. The best thing about working in crypto, even if the job’s not particularly glamorous, is you’re likely to get paid in crypto. Then, when bulls come out to play again – whaddya know – suddenly that cryptocurrency you’ve earned is worth a whole lot.

Antigua and Barbuda to Set Up a Cryptocurrency Exchange

The government of Antigua and Barbuda has decided to set up a cryptocurrency exchange. Authorities in St. John’s want to generate revenue for the nation’s treasury and place the country “on the cutting edge of the new system of creating wealth”. The local parliament is set to review and adopt the relevant legal framework.

In the Front Seat

Trying to cash in on the global fintech wave, Antigua and Barbuda plans to set up its first cryptocurrency exchange. The legislation needed to create the necessary legal framework is to be introduced in parliament shortly, the local Daily Observer reports.

According to the Minister of Information Technology, Melford Nicholas, the exchange will bring together buyers and sellers facilitating crypto trade for a fee. The government expects that the trading platform will generate non-tax revenue for the budget of the island nation. An official statement reads:

Antigua and Barbuda is determined to be on the cutting edge of the new system of creating wealth.
“By establishing an exchange here we will bring Antigua into the game, as it were. Should there be any potential economic spinoffs, we should be in the front seat,” Mr. Nicholas said.
The IT Minister also revealed that Canadian-born businessman Calvin Ayre is one of those involved at the forefront of the new cutting edge technology. The online gambling entrepreneur, who is known for his enthusiasm for cryptos, especially bitcoin cash (BCH), is advising the Antiguan government on cryptocurrency matters.

“Mr. Ayre was appointed as an economic envoy and he is now a citizen of Antigua and Barbuda. We think we can leverage both of those relationships,” said Melford Nicholas.

Last month Calvin Ayre announced intentions to build a $100 million resort at Valley Church beach, Antigua, with profits from his cryptocurrency undertakings. In January he said he was planning to invest in a mining facility dedicated to bitcoin cash. The new resort will accept BCH payments.
Leader in Bitcoin Adoption

In 2017, the government of Antigua and Barbuda said it was drafting laws “to implement bitcoin”, as news.Bitcoin.com reported. Antiguan authorities believe bitcoin is benefiting the Caribbean nation, whose economy relies heavily on the tourism and gambling industries. The online gaming sector has developed rapidly in recent years.

Antigua and Barbuda is a sovereign state consisting of two major islands, and a number of smaller islands, situated between the Caribbean Sea and the Atlantic Ocean. It is a member of the Commonwealth of Nations. Authorities in the capital Saint John’s hope their country will become an early leader in bitcoin adoption and blockchain technology implementation.

Do you agree that small independent nations have the best chance to become true leaders in bitcoin adoption? Share your thoughts in the comments section below.

Capitalization of Cryptocurrency Markets Loses 59% in Q1 2018

The first quarter of 2018 dealt heavy losses to the cryptocurrency markets, with Coinmarketcap data indicating that the capitalization of the combined crypto markets has dropped by 59% since the start of January. Q1 2018 has also been among the bloodiest quarters in recent memory for the bitcoin markets – with BTC suffering an approximately 50% loss in value since the start of 2018. Despite bitcoin’s heavy drop, it has performed better than many leading altcoins – many which have slumped by over 70% since January.

Q1 Produces Extreme Volatility for Bitcoin Markets

According to price action on Bitstamp, BTC opened the quarter trading between $13,000 and $14,000 on the first of January. Over the course of the following week, BTC made quick gains of more than 20% to establish 2018’s price high of roughly $17,500.

After the high of $17,500, the BTC markets slumped by approximately 66% in a single month, establishing 2018’s current low of roughly $5,900 on the 6th of February. The price then almost doubled in just two weeks, before failing to break above resistance at just below the $12,000 area twice. The failure to break resistance precipitated a drop of approximately 40% during March, with BTC prices currently hovering at approximately $6,500.

Crypto Market Capitalization Shrinks

According to Coinmarketcap, which excludes data from Korean exchanges, the total market capitalization of the combined cryptocurrency markets was approximately $610 billion at the start of January, before quickly ballooning to roughly $820 billion on January 8th. Since the high of $820 billion, the capitalization of the crypto markets has dropped by almost 70% and is currently establishing a low of $250 billion for 2018.

The market capitalization of bitcoin was approximately $236 billion at the start of January, and has since fluctuated within a range of between $300 billion, and $100 billion. The total capitalization of bitcoin is estimated to be $115 billion as of this writing.

BTC Market Dominance Strengthens

Despite the heavy losses, Q1 also saw bitcoin recapture a market dominance of over 40% – with bitcoin boasting a market dominance of approximately 45% as of this writing.

At the start of January, BTC accounted for approximately 38%, before dropping to establish a historic low of almost 32% during the following fortnight. Throughout February and March bitcoin made consistent gains in market share over altcoins, regaining approximately 10% in relative market share in just two months.

ETH Reclaims Position as Second Largest Crypto by Capitalization

2018 opened with Ripple ranked as the second largest cryptocurrency by total market capitalization, with XRP boasting a market dominance over 14%. On the 4th of January, Ripple reached an all-time high for market dominance of over 18% whilst establishing record price highs over $3.

On the 8th of January, Ethereum reclaimed its position as the second largest cryptocurrency by market capitalization, with ETH growing to hold a market dominance over 14% at the same time as XRP fell to comprise 13% of the markets. Since early January, XRP’s market dominance has oscillated between approximately 7.5% and 10%, steadily holding the position of the third largest crypto by market cap. As of this writing, Ripple’s market capitalization is $18.2 billion (down from over 75% from $80 billion at the start of the year), with XRP currently trading at $0.455.

By contrast, Ethereum’s market dominance grew from roughly 12% to over 20% during early January. On the 14th of January, ETH boasted a record price of over $1,400 and a market capitalization of $137 billion. Since then, Ethereum’s market dominance has gradually fallen to current levels of approximately 15%.

Ethereum’s current market capitalization is $37.3 billion (down by nearly 45% from over $73 billion at the start of the year, and 73% since the 2018 high), with ETH trading at $360.
Bitcoin Cash Holds Steady as Fourth-Largest Crypto Market

Bitcoin Cash has consistently been the fourth largest cryptocurrency during 2018, with BCH’s market dominance oscillating between 4.5% and 7% throughout the first quarter. BCH has experienced losses over 70% during Q1, dropping from $42 billion to $11 billion in market capitalization, and from a price of $2,500 to $680.

Since February, Litecoin has consistently comprised the fifth largest crypto market by capitalization. Since the start of January, LTC price and market cap have approximately halved, with Litecoin’s market cap current sitting at $6.2 billion and LTC/USD pairing currently trading at $110.

What is your response to the performance of the cryptocurrency markets during Q1 of 2018? Share your thoughts in the comments section below!