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according to the capital demand of a project’s pre-loaded schedule through a Tap system (setting an amount that can be withdrawn per unit of time).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


Author: haudhv

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 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!

Canadian Multinational Bank BMO Blocks Cryptocurrency Transactions

Like taxi drivers attacking Uber or candle makers trying to block out the sun, another bank has taken a stand against bitcoin. BMO is apparently trying to protect its clients from themselves by taking away the freedom to decide what to do with their own money, like using cryptocurrency.

BMO Financial Group

Canadian Multinational Bank BMO Blocks Cryptocurrency TransactionsBank of Montreal (TSX:BMO), the major Canadian multinational banking corporation operating as BMO Financial Group, has reportedly implemented a ban on its clients participating in cryptocurrency transactions. A Reddit user claiming to be working for the bank has shared an internal document (Ops Bulletin #632 dated March 28, 2018) said to be sent via email company-wide announcing the restrictive measures.

According to the document, titled “Blocking Cryptocurrency Transactions for BMO Credit Cards, Debit Cards, & Intrac Online Payment,” the ban is effective immediately. It explains that BMO will be blocking cryptocurrency merchant transactions. It is not clear from the text if the bank had any intention of informing its clients about the reason their transactions will be blocked as it only mentions that when clients try to complete any cryptocurrency transaction they will be presented with a simple message advising them that the “transaction cannot be completed.”

Bravely Protecting Clients From Themselves

Canadian Multinational Bank BMO Blocks Cryptocurrency TransactionsThe alleged rationale for the move the bank presents to its employees is safety concerns. “This decision was made due to the volatile nature of cryptocurrencies and to better protect the security of our clients and the bank.”

This suggests that the bank believes it can be responsible for its own actions while its clients can’t, because it was only recently announced that BMO is becoming directly involved in the cryptocurrency market. Bank of Montreal will be providing banking services to an upcoming cryptocurrency brokerage, selling bitcoin and ether, launched by TMX Group, the operator of the Toronto Stock Exchange.

BMO is not the only financial corporation in the world recently trying to block its clients from accessing the bitcoin market of course. Just south of the border, Bank of America has stopped accepting credit card transactions from cryptocurrency exchanges last month.

How should BMO clients respond to this development? Share your thoughts in the comments section below.


Cobinhood Delists Six Tokens Susceptible to Pump and Dump, Limits Tether Pairs

As some cryptocurrency exchanges are adding new altcoins, tokens and forks all the time, cashing in on massive listing fees from promoters, the need arises to trim the fat ever so often. Now Cobinhood is removing a few, offering a glimpse on how trading venues decide which tokens to cull.

Changes to Token Listings

Cobinhood Delists Six Tokens Susceptible to Pump and Dump, Limits Tether PairsTaiwan-based cryptocurrency service platform Cobinhood has recently announced a number of changes to its roster of available trading instruments. The following tokens will no longer be supported on the exchange: Funfair (FUN), Gnosis (GNO), ICONOMI (ICN), Santiment (SAN), Substratum (SUB) and Voise (VOISE). Depositing, trading, and all open orders will be cancelled automatically on April 13, 2018.

The exchange team explains that, “After careful consideration, we factored these criteria, while not exhaustive, as determinants of discontinuation. Limited trading volume on the exchange, which could potentially lead to trading malpractice (e.g. pump and dump). Poor community reception. Unestablished cooperation with the token team.”

In contrast, Cobinhood announced the addition of bitcoin cash (BCH) support starting March 30, including the abilities to deposit, withdraw, and trade BCH-BTC, BCH-ETH, and BCH-USDT pairs. The exchange is also launching corporate accounts meant for companies and organization rather than individuals, with no deposit limits.

Limiting Tether Pairs
Cobinhood Delists Six Tokens Susceptible to Pump and Dump, Limits Tether PairsCobinhood also decided that Tether (USDT) as a quote currency will only be made available for sixteen base currencies (BRD, BDG, BOT, BTC, COB, CMT, CGC, DXT, ENJ, ETH, LALA, LTC, LYM, MCO, Qtum, and UTNP) starting April 20. After the date passes, open USDT orders paired with all other base currencies will be cancelled automatically. It currently offers about fifty USDT pairs.

This move is perhaps a little bit surprising considering that Cobinhood has only switched from USD to USDT based trading pairs in February. However, this controversial dollar-proxy has been facing growing criticism recently, causing some exchanges to want to limit their dependence on it. For example, earlier this month Bittrex added a second stablecoin in the form Trueusd, in a move seen as a hedge against future Tether regulation.

How should exchanges treat low volume altcoins? Share your thoughts in the comments section below.


Bitcoin Hardware Wallet Nano Ledger Most Popular Holiday Purchase in This US State

Americans are known around the world for their love of over-the-top holiday shopping. But recently at least some have actually made a smart and sensible purchase around Black Friday and Cyber Monday. In fact, people in Nevada acquired so many Ledger Nano wallets, to better protect their cryptocurrency holdings, it became the most bought item in the state during the holidays.

Bitcoin – the Gift That Keeps on Giving

Bitcoin Hardware Wallet Nano Ledger Is the Most Popular Holiday Purchase in NevadaIn a recently published analysis, which identified the top selling items in every US state, it was found that the bitcoin hardware wallet Ledger Nano was the most popular holiday purchase in Nevada. The cryptocurrency security-enhancing tool has been able to beat out gadgets such as Amazon Fire tablets as well as daily necessities which were more popular in other states.

The research was conducted by personal shopping assistant app, Earny, using data from more than 100 million online purchases between November 1st, 2017 and February 1st, 2018. The app directly monitors users’ email inboxes for receipts to find price drops and thus was able to get cross-industry data held separately by many individual online shopping websites such as Amazon, Best Buy, Walmart, Zappos and more.

Why Nevada?

Bitcoin Hardware Wallet Nano Ledger Is the Most Popular Holiday Purchase in NevadaLedger was founded in 2014 by a team of eight and now employs 82 people in San Francisco, Paris and Vierzon. The company, which says it is already profitable, claims to have sold over one million cryptocurrency hardware wallets across 165 countries. In January 2018 it raised $75 million (EUR 61 million) in a Series B funding round, led by venture capital fund Draper Esprit.

The research does not give an indication as to why Nevada is the American leader in hardware wallets purchases, but one possible reasons is that the state offers more interesting spending opportunities for bitcoin holders. For example, earlier this year we reported about a Las-Vegas strip club where patrons can pay by scanning QR tattoos with wallet addresses the dancers wear on their naked bodies.

What makes Nevada a top market for bitcoin hardware wallets? Share your thoughts in the comments section below!

Trading Cryptocurrencies Like a Boss Takes Time and Research

Over the years there have been many tutorials about the very basics of trading, market indicators, and the multitude of websites that collect vast amounts of data. Some of these resources give traders a step towards making their first trades. Now after a few losses and some lucky gains these individuals are interested in how to read the market.

Confidence is Silent

Head n Shoulders pattern.

Learning to trade can be difficult but there are so many experts in the field and online resources that can teach anyone to trade cryptocurrencies. The first thing to realize is that bitcoin markets or any cryptocurrency markets are very different than your average stock or FX trading arenas. In fact, many people will tell you that traditional technical analysis (TA) will never be accurate when it comes to digital currency markets. However, there are those that use TA regularly to day trade, make a living, and predict the short-term price swings we all know and love.

The first thing a trader should get to know is the most common financial chart used in the cryptocurrency industry which is the candlestick chart. The size of each candlestick represents a certain time interval, and individuals who study TA look for patterns in the market. This is when you will hear about certain chart patterns like the ‘Head n Shoulders, the Cup n Handle, Triple Top & Triple Bottom,” and many more funky phrases. However, these pattern help traders predict cryptocurrency price movements in the short and long term. They say after memorizing enough patterns individuals can see them subconsciously while day trading.Studying Japanese candlestick charts can produce patterns that may be helpful towards predicting short and long-term price movements.

Cryptocurrency traders then take things to the next level by using a wide variety of tools that are also known to help forecast price movements in markets. One of the biggest indicators in the market many traders utilize is moving average data. For instance, a Simple Moving Average (SMA) is used by calculating the average of a digital assets closing value over a set interval. An Exponential Moving Average (EMA) and Displaced Moving Average (DMA) are more complex than the SMA. An EMA responds in a swifter manner to price fluctuations while the DMA is moved in set periods of time so a trader can predict market trends.
Moving averages are common trendlines followed by traders.

Another helpful tool used in trading digital assets is the Relative Strength Index (RSI). The oscillator basically determines the price momentum whether it climbs or falls. The measurement of speed is recorded between 0-100 and it’s one of the most popular trading indicators in many markets. The squiggly line typically meanders about sideways, or up or down, and if the line dips below 30 the market is oversold. When the RSI starts climbing past 70 then the analyst will say the price is overbought.

The RSI and MACd are just a couple of different indicators that help traders forecast price movements.

Moving averages and the RSI is just the tip of the iceberg when it comes to cryptocurrency trading tools. Traders use other tools such as Bollinger Bands, Moving Average Convergence/Divergence (MACd), Stochastic, the Detrended oscillator, Fibonacci retracement and so much more. All of these tools and more are combined with plotting chart patterns used by traders flipping cryptocurrencies on the side or for a living. They are also incorporating other methods like Elliott Wave Theory and the tenets of the Dow theory so they can forecast the infamous bitcoin ups and downs in value.The basic five wave sequence found in common Elliot Wave patterns.

Now good traders can study all of this stuff and figure out how to use these types of indicators. However, smart traders are also listening to the streets of crypto, so to speak, as many cryptocurrency enthusiasts have realized that news and community emotions can move the price of bitcoin. For instance, if there is a large exchange hack or some government ruling in the short term you can probably guess bitcoin’s price will go down a touch. If there is positive news like CME and Cboe opening futures markets some people bet the price would go up. Most traders are listening very closely to all that happens in bitcoin because they have a lot of skin in the game.

Trading crypto is not easy and it takes time and patience. Even if you think you know all the chart patterns, indicators, and cryptocurrency street knowledge you can still lose everything.
Lastly even an individual who is very knowledgeable about technical analysis, and they also follow the street very closely, might make some very wrong predictions. Cryptocurrencies like bitcoin can often trick traders, and all that street knowledge and TA goes out the window. Traders with extremely crafted TA skills can lose their shirt in a matter of minutes in bitcoin-land. So, make sure you know for certain that’s a legitimate head n shoulder or bull flag.

Do you trade cryptocurrencies? Let us know your techniques in the comments below.
Images via Shutterstock, Stock charts, Pixabay, Wiki Commons, and Paramount Pictures.
Do you agree with us that Bitcoin is the best invention since sliced bread? Thought so. That’s why we are building this online universe revolving around anything and everything Bitcoin. We have a store. And a forum. And a casino, a pool and real-timeprice statistics.