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tZERO Expanding Service Offerings Ahead of Highly Touted ICO

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Overstock’s tZERO platform is adding new business services as part of its high-profile initial coin offering (ICO). The move is part of a broader plan to make tZERO the biggest ever token raise.

tZERO Expands Services

According to sources, tZERO investors now have the ability to purchase blockchain-enabled digital locate receipts (DLR), which are digitized versions of traditional regulated short sales. The company is also offering a bevy of financial products and services ranging from robo-trading to brokerage services. There’s even an educational component to help investors learn about ICOs.

When it comes to ICOs, tZERO is among the most ambitious yet. The distributed ledger platform is developing a new exchange to trade tokens in a manner that is consistent with SEC regulations. The company is working with Argon Group and RenGen to develop the first U.S. regulated Alternative Trading System (ATS), which will allow the trading of security and app tokens.

In short, tZERO is attempting to build a regulated platform for trading security-like products on the blockchain.

The Overstock subsidiary announced earlier this month it will kick off its ICO on Dec. 18. The company has been accepting registrations since Nov. 15 via SAFTLaunch.

Hybrid ICO

One of the most contentious debates within the ICO community is how to differentiate between a security tokens and a utility token. Although they are conceptually different, there is no clear-cut guidance under current law to differentiate between the two. Most ICOs fear this legal grey area and have devoted considerable effort to avoid security tokens entirely.

This past summer, the SEC ruled that DAO tokens were securities and therefore subject to federal oversight, a sign that regulators were clamping down on ICOs.

tZERO is unique in that it is classified as a security token, but has many utility functions built within its growing ecosystem. Among the tZERO token’s many features include a right to share in a portion of the company’s revenue and the utility to pay for fees on the Alternative Trading System. The company also plans to announce additional utility features in the future.

The planned fundraising campaign is expected to generate between $200 and $500 million, enough to make tZERO the most successful ICO of all time. Although the SAFT pre-sale funding model is generally considered to be a safer option for ICOs, a new report from Cardozo Blockchain Project argues this isn’t necessarily the case.

“[T]he SAFT Approach ultimately fails to deliver a simplified and binary compliant token sale framework as advertised,” the report said. ”

That being said, much of the criticism was centered on the fact that most SAFT raises are likely to be deemed securities. This isn’t particularly an issue for tZERO, which has already embraced its security label and is moving ahead with its crowdsale accordingly.

More that $3.2 billion flowed into ICOs through the first ten months of the year, a figure that is expected to rise considerably as more businesses issue token raises.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.7 stars on average, based on 772 rated postsChief Editor to Hacked.com and Contributor to CCN.com, Sam Bourgi has spent the past nine years focused on economics, markets and cryptocurrencies. His work has been featured in and cited by some of the world's leading newscasts, including Barron's, CBOE and Forbes. Avid crypto watchers and those with a libertarian persuasion can follow him on twitter at @hsbourgi




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IOTA Price Analysis: Bulls on the Loose as IOTA Foundation Announces New Collaboration with Nova to Fund Start-ups

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  • The IOTA Foundation has entered into a partnership with Nova to provide funded support for start-ups.
  • IOT/USD is currently enjoying a decent push north, following a breakout of a bullish pennant pattern structure.

IOT/USD: Recent Price Behaviour

IOT/USD has been on a decent run of gains over the five sessions, having jumped around 18% at the time of writing. The price has been on a path to the north since 7th February, after hitting a low for 2019 around $0.2400. A chunky amount of buying pressure was observed down at these depressed levels.

The bulls enjoyed an initial jump between 7-8th February, gaining around 18% on the fast two-day rally. IOT/USD then consolidated trading within a range-bound nature to then have formed a bullish pennant pattern formation. On 17th February, an explosive amount of upside came into play following this technical breakout.

IOTA Announces New Collaboration with Nova

The IOTA Foundation has announced a new partnership with Nova, a start-up incubator, according to an official press release from the organization. As part of the collaboration, its goal is to begin funding start-ups employing the platform of IOTA. The program will be called IOTA Cofoundery on Nova’s website; it will be focusing on early stages of development and seed funding.

Start-ups will be able to leverage through the program a mentoring and tech start-up service to consist of over 20 consultants that specialize in technology. There will be much nurturing and guidance as part of this offering. To-date Nova has already co-founded over 80 technology start-ups, with over half of those still being active after three years. It is further noted within the official release that the three-year start-up survival rate is 10%.

Nova will invest in ideas that can prove user problem-fit. IOTA via their grant program will match the investment. It will provide a comforting amount of support and the foundations for viable businesses to develop within the ecosystem of IOTA.

The program will allow entrepreneurial tech start-ups to build new innovative business models by leveraging IOTA technology. Nova has noted that this new offering is now already open for applications and can apply directly on the Nova website.

Technical Review – IOT/USD

IOT/USD daily chart.

Given the noted move north from a bullish pennant pattern structure, the doors to further upside potential have opened. Near-term supply is observed heading into the $0.3400 territory, IOT/USD last traded here in January and dealt a rejection blow. Should the bulls manage to maintain current upside momentum and break above this zone, eyes will then be on the 2019 high area. At the start of the year, the price managed to hit $0.4088 on 2nd January.

In terms of support, this should be noted back down at the broken pennant pattern. A retest just on top could be seen which currently tracks at around $0.2750-40. Failure of this holding could then see the February gains wholly reversed.

Disclaimer: The author owns Bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.6 stars on average, based on 124 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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Tron Price Analysis: TRX/USD Bulls Hunting for a Potential Charge Back Above Broken Critical Trend Line

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  • Tron bulls continue to push the price north maintaining a firmer path of recovery.
  • TRX/USD has gained a significant 10% over the past four sessions, moving to its highest level in five days.

TRX/USD: Recent Price Behavior

The TRX/USD bulls have been enjoying some upside relief over the past few sessions now, picking up much pace in the session on Monday. The price managed to move to its highest level  in over seven sessions. Over the past four days, Tron has gained just shy of 10% as the price looks set for recovery following a breach last week of critical support.

An ascending trend line initially supported TRX/USD to the upside, providing exceptional comfort in its move north. The running support had been in play since the back-end of December 2018; however, after a decent run, the bears managed to force a breach. Sellers were able to regain control after the move below, to then see four consecutive days of selling, dropping around 10% in total.

Between 14-15th February, TRX/USD managed to find its feet after what could have very much been a free-fall to the deep south. Daily support came into play around $0.023550, which has provided needed comfort on several occasions already this side of the year. The recovery has been in play since this decent bounce occurred.

Tron Crypto Card

TRON recently detailed more information about its upcoming crypto card. The date of pre-order for the GRID X BitTorrent crypto card is going to be live on 18th February 18 2019 at 8 PM UTC. The GRID crypto card will be a prepaid card that can be topped with TRX in three amounts of 15,000, 50,000 and 100,000. Holders of the cards will be rewarded with BitTorrent (BTT) tokens as part of monthly BTT airdrops.

GRID will be one of two crypto cards built via the Tron network. The first, TronCard, was introduced as a tangible TRX wallet. Both TRX and TRC10 tokens can be stored on the TronCard similarly to a virtual wallet. These mentioned tokens are tokenized assets which would be leveraged via decentralized applications (dApps) via the Tron Network. A QR code feature can also be scanned by users for access to the public key. A physical card will then be able to integrate with the virtual wallet.

Technical Review – TRX/USD

TRX/USD daily chart.

The major challenge for the bulls as detailed above is seen underneath the breached ascending trend line; this is tracking at around $0.027500. Should the bulls manage to break back above this prior acting support, then expect a strong wave of buying pressure to come into play. Further to the north, eyes will be on the $0.03000 area. TRX/USD has not comfortably traded above this price region since August 2018. Once broken down, there isn’t too much in the way of a return back up to $0.04000 territory.

Disclaimer: The author owns Bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.6 stars on average, based on 124 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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Ethereum Price Analysis: ETH/USD Bulls Aim to Retest 2019 Highs Ahead of Planned Hard Forks

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  • Ethereum bulls are back; the price has gained over 20% within the past nine sessions.
  • There is much anticipation across the community ahead of the scheduled hard forks on the Ethereum network.

ETH/USD: Recent Price Behavior

Ethereum’s bulls are demonstrating quality signs of a recovery, with the ETH/USD up over 8% at the time of writing on Monday. ETH/USD is running towards its fourth consecutive session in the green, having gained over 20% within that period. The extension to the upside came on the back of a breakout from a bullish pennant pattern formation. It had taken its shape from 9th February up until its breach was made on 17th February, playing out to the textbook.

It will not be too much of a surprise if the upcoming hard forks influence this current move. Previously, ETH/USD haD stormed higher on anticipation of them taking place; however, given their respective delays, sharp reversals were observed after these initial moves higher. The most recent storm north by the bulls has seen the price print its highest level in over five weeks. At present, there aren’t any signs of a slowdown in momentum, with not too much in the way of resistance for now.

Rally into Scheduled Hard Forks

The Ethereum network looks all set to accommodate its Constantinople this time around after being notorious for delays. Its upgrade was initially planned for release in 2018, which was then pushed back to January 2019, and was again delayed to late February 2019. The decision regarding the latest delay came after the smart contract auditing firm ChainSecurity discovered security vulnerabilities in one of the five Ethereum Improvement Proposals (EIPs).

This hard fork will include two separate forks that will occur on the same block. Constantinople remains the first fork, coinciding the other fork known as Petersburg. Both are set for activation on block #7,280,000. The above-detailed EIPs will see an improved approach to accommodating scaling solutions for the network. Also included in the upgrade are improvement on how contracts are processed, a more cost-efficient approach to processing information, and a 12-month delay to Ethereum’s so-called difficulty bomb, along with a mining reward reduction from 3 ETH to 2 ETH per block.

Technical Review – ETH/USD

ETH/USD daily chart.

Given the most recent breach of the containing pennant pattern, another wave of buying pressure is very much in play. Looking to the upside, the next area of interest for the bulls will likely be up at $165-$170. The price last traded up at these heights in January; they represent the peak for 2019 so far. Sellers forced the bulls to give up these levels at the time. Should the bulls manage to maintain the current momentum, eyes will then be on the move back into the $200 territory. In terms of support, this would likely come into play down at $125 on top of the broken down pennant.

Disclaimer: The author owns Bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.6 stars on average, based on 124 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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