Is TD Ameritrade Working to Enter the Crypto Industry?

TD Ameritrade

TD Ameritrade is a financial services company and provides a trading platform through which users can trade stocks, mutual funds, investments, and much more. TD Ameritrade has reportedly around 11 million users.

TD Starting Crypto Trading?

Rumors are circulating all over the internet that this company is already in testing phases of crypto trading in association with ErisX. ErisX is a Chicago-based company, and according to the rumors, it is developing and testing a beta version of crypto trading on TD Ameritrade’s online trading platform. However, this news is not official yet.

If it is, TD’s 11 million users will be able to dabble in crypto trading officially on its platform. Other top companies like Fidelity and the NYSE are also working toward crypto trading. They said that testing is in the final stages and after completion, crypto trading will be officially available for users.

Charlie Lee, the creator of Litecoin, has some exciting news about whether or not the TD rumors are true. Lee said that he observed TD Ameritrade has tested Litecoin and Bitcoin on their brokerage platform.

>> John McAfee Says He Will Reveal Who Satoshi Nakamoto Is

Any information regarding fees, trade costs, and more will be disclosed to users after ErisX completes the product development without any bugs. TD Ameritrade appears to be planning to make all cryptocurrencies available for trading, not just Bitcoin.

The rates of cryptocurrencies may rise or fall, but there is no downfall for its development. If the world is not focusing on this concept, why are some of the major companies developing their own crypto coins?

This concept is backed by blockchain technology, a superior tech for safety. Transactions can be done irrespective of the sender and receiver locations. There are a lot more advantages with cryptocurrencies, and having big companies like TD Ameritrade introducing crypto trading is a good step for the future of crypto.

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Nike to Launch Crypto Called Cryptokicks? Trademark Application Hints Yes

cryptokicks

The crypto community has known for a while that Facebook might be issuing its own cryptocurrency. And now, it appears the online behemoth might have a little competition. Reports have surfaced that athletic apparel manufacturer Nike is thinking of doing the same. The Oregon-based company even has a name for its digital currency: cryptokicks.

Nike Cryptokicks Coming Soon?

On April 19, Nike filed a trademark application for ‘cryptokicks.’ The application said cryptokicks could be used by an online community. The application also describes an electronic marketplace for clothing and footwear. While significant news, it is not, in retrospect, surprising, considering Nike has been trying to increase its digital footprint for the last while or so.

Nike has filed a trademark application for CRYPTOKICKS.

The filing indicates that Nike is intending to launch a cryptocurrency called CRYPTOKICKS.

Below is my analysis of the filing and its implications 👇#nike#cryptocurrency pic.twitter.com/82gAPlzrXy

— Josh Gerben (@JoshGerben) April 24, 2019

Extensive details about Nike’s plans are still unknown; however, submitting a trademark application is a strong indication the company is preparing itself to launch cryptokicks. According to trademark lawyer Josh Gerben, “if you submit things just for the purpose of submitting things, it will tie up the trademark system unnecessarily.” Gerben went on to say that “Nike does not have a history of filings that are speculative.”

>> Samsung Blockchain? Tech Giant Developing Blockchain Network

Based on Gerben’s thoughts, it looks like Nike launching a cryptocurrency is the real deal. But the reality of that will still depend on whether Nike gets the green light. If it does, the company will have rights over the name, but it will still have to launch a cryptokicks commercial product to get the full trademark, according to sources.

Takeaway

In the coming weeks, it will be interesting to see how the market reacts to the news. While some might not want corporations to have their own cryptocurrencies (Facebook being one of them), it’s also important for these companies to stay relevant. And at the end of the day, cryptocurrencies are at the forefront of relevancy.

What do you think about the potential launch of cryptokicks? Let us know in the comments below.

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John McAfee Says He Will Reveal Who Satoshi Nakamoto Is

John McAfee

According to a Bloomberg report, notorious crypto enthusiast and antivirus software maker, John McAfee, claims to have spoken with Bitcoin creator Satoshi Nakamoto. Further, he says he will reveal this person’s identity.

John McAfee Claims to Know Satoshi Nakamoto

When this reveal will be, however, remains unclear, despite McAfee initially telling Bloomberg he would expose Nakamoto “within a week.” McAfee said yesterday that the controversy his announcement would bring could damage his efforts to fight extradition to the US. Saying in a Twitter post:

“Releasing the identity of Satoshi at this time could influence the trial and risk my extradition […] I cannot risk that. I’ll wait.”

But in speaking to Bloomberg, McAfee said the following:

“I’ve spoken with him, and he is not a happy camper about my attempt to out him.”

However, it remains skeptical whether his claim is true—so many others have attempted to track down the Bitcoin pioneer and failed.

Satoshi Nakamoto

Satoshi Nakamoto is the pseudonym given to the person or people who created Bitcoin and spawned an entire currency. There have been multiple theories as to who the creator of the digital coin is, with each one causing hot debate. No one who has come forward with a suggestion has ever been able to prove it and theories are often quickly discredited. The mystery has gone so far as to suggest Tesla CEO Elon Musk is Satoshi Nakamoto—something he himself quickly denied.

Other claimants include Bitcoin SV founder Craig Wright and Ethereum co-founder Vitalik Buterin.

All we know is if McAfee’s claim is true, then Nakamoto is a man living in the US.

>> Bitcoin Price Surges to a New 2019 High: $5,600 and Climbing

Trust McAfee

In speaking to Bloomberg, McAfee reminded people that he has spent a lifetime tracking down hackers, meaning he is well capable of tracking down Nakamoto.

“People forget that I am a technologist […] I am one of the best,” he furthered.

What do you think? Do you believe McAfee?

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Cryptocurrency Bear Market Wanes | Going through Accumulation

cryptocurrency

In recent weeks various industry observers have indicated that the cryptocurrency market is experiencing a bullish run. The notion has received more support with a fresh report implying that the bear market is actually waning and it is in the accumulation phase.

Heavy Accumulation

According to a recently published report by Adamant Capital, Bitcoin is already experiencing heavy accumulation, and the phase will bring its price to between $3,000 and $6,500, at least until the bullish run gains momentum. Bitcoin whales are already accumulating the major cryptocurrency synonymous to the 2014-2015 bear market, indicating that the cryptocurrency is preparing for a price increase in the future.

The report indicates that retail traders are leaving the cryptocurrency market as long-term and agnostic investors become dominant. This is reportedly consistent with Bitcoin’s volatility analysis, which fell below 5% in the 60-day volatility range, which is lower since 2016.

The report goes on: “During the accumulation phase, the market will trade in a range: the weak hands, who are trying to get out of the market, take profit during rallies and thus create the resistance, and the strong hands, looking to accumulate, buy at the bottom of the range which eventually creates a floor in the piece.”

>> Coinbase Crypto Services Expand to 11 New Countries: Why it’s Important

Millennial Generation Holds Key

The key drivers of the cryptocurrency market growth are millennials, who are said to not trust banks. Millennials are also reported to be the majority of Bitcoin buyers. Researchers have indicated that in the next few years, Bitcoin will experience massive adoption.

In a previous report by Clovr, millennials were the majority of the investors in cryptocurrency, earning between $75,000 and $99,999 per year. The report indicated that the millennial generation is twice as likely to invest in Bitcoin than any other generation, with 23% of women and 43% of men investing in cryptocurrency.

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Bitcoin Remains Stable | Crypto Market Capitalization Hits New High

Bitcoin

Over the last month, the cryptocurrency market was on a hot streak, rising about 38% as investors piled into crypto assets such as Bitcoin and other popular alternatives like Litecoin, Ripple’s XRP, Ethereum, Bitcoin Cash, and EOS.

Crypto Market Capitalization Hits New All-Time High

At the beginning of the month, Bitcoin (BTC) price surged, taking analysts and traders by surprise as to what might have caused the sudden increase in price. However, analysts are unsure whether the cryptocurrencies will hold their recent gains. But considering Bitcoin has managed to maintain the price above $5,000, it shows signs of strength that the growth will continue.

This week the crypto market capitalization of Bitcoin and another 2,000 cryptocurrencies hit $186 billion, an all-time high for this year. Apparently, Bitcoin makes up almost half of the crypto market capitalization, with over a $90 billion market cap. Crypto analysts have labeled the sudden rally as the ‘Altseason’ because of the double-digit gain made by the smaller cryptocurrencies.

Bitcoin will Exceed $20,000 Price in a Few Years

The recent rally has been seen by industry players as good news, and it is a result of various developments in the crypto industry. This week the price of cryptocurrencies continued to grow following the launch of the Coinbase crypto card in the UK. Also, most of the major cryptos maintained their strong positions because of bullish comments from analysts and industry watchers, which caused a surge in sentiments allowing the coins to maintain the high prices.

>> Coinbase Executive Leaves: 3 Major Departures in 6 Months

Brian Kelly of BKCM investment management firm stated that the price of Bitcoin will, in the next few years, exceed the 2017 all-time high of $20,000. He added that the growth of crypto networks and institutional adoption of cryptocurrencies will continue to push the price of cryptocurrencies higher in the coming years.

eToro market analyst, Mato Greenspan indicated that there was a step down in the crypto market after a breakout week. He added that failure to go up demonstrates the present appetite, but it does not mean that growth will decline.

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Harvard University Purchases Blockstack’s Crypto Tokens

Crypto Tokens

In the news making headlines in the cryptocurrency industry, Harvard University Endowment has made an investment in the crypto token sale of Blockstack.

Blockstack Offering 95.83 million Crypto Tokens

A filing made with the US Securities Exchange Commission listed designees affiliated to the Havard Management Company including Charlie Saravia, Rodolfo Gonzalez, and Zavain Dar who have been participating in the purchase of 95.8 million Blockstack tokens, worth $11.5 million. Although it’s not clear how much the Harvard University Endowment has purchased, it is, however, the first time a major endowment has invested in cryptocurrency.

In a tweet, Anthony Pompliano of Morgan Creek Digital indicated that Havard Endowment had directly invested $5 million to $10 million in the Blockstack token sale.

This investment from a leading university is going viral, and it’s a move that will hopefully encourage other institutional investors to invest in crypto tokens as well. The attitude is building up, and this will encourage investors to try small crypto tokens such as TCAT tokens.

Institutional Investors Seeking Regulated Custodians

Institutional investors have been hesitant about getting involved in the crypto market and with major assets such as Bitcoin, the reason being crypto’s lack of regulations. Even when Bitcoin was on a bullish run in 2017, achieving a price of $20,000, there were no regulated investment channels or custodial solutions that could encourage the institution to invest in crypto. In 2018, however, the trend began to change, and institutional investors have slowly started dripping their toes in the crypto waters.

>> Bakkt Hires PayPal and Google Veteran as Chief Product Officer

Pantera Capital CEO, Dan Morehead, indicated that the crypto industry has been empowered with the necessary infrastructure and it can now handle large money from institutions. He added that institutions are concerned about having a well-regulated custodian, something that the crypto industry has yet to attain.

Blockstack CEO, Muneed Ali, stated that once the offering gets approved, it will be the first-ever SEC-qualified crypto token of its kind. He adds that proceeds from the offering will be put in the development of their decentralized app ecosystem.

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Cryptocurrency Witnesses Better Returns than Equities This year

cryptocurrency

Good days may be ahead for cryptocurrencies. The sentiment of digital assets is improving slowly after witnessing a bear trend in 2018. The total cryptocurrency market cap has increased considerably by over $50 billion USD since the beginning of 2019. Many digital assets are outperforming the market when compared to the largest indices worldwide.

CCI30 Increases by 40%

Since the beginning of this year, the CCI30 (Cryptocurrency Index 30) has gained as much as 40%, reversing the initial downtrend. Cryptocurrencies like Bitcoin (BTC), which witnessed a drop in the middle of February 2019, have recuperated losses and slowly moved up. Bitcoin, which has a considerable effect on the CCI30, has increased by 20% since the first of this month.

BTC Bull Run

It is time for the cryptizens to cheer because the price of Bitcoin has surged to a 4-month high of $4,900 USD, at the time of writing, and looks to be continuing to grow. The price of BTC increased by almost 17% in just 30 minutes today. The reason behind the surge may have to do with investors going long on this cryptocurrency. It appears to be the start of a bull run for Bitcoin. According to speculators, the price of Bitcoin is expected to reach $50,000 USD.

>> Coinbase Jobs Rank in LinkedIn’s Top 50 US Employers List 2019

According to the billionaire and bitcoin enthusiast, Tim Draper, everyone will use Bitcoin for daily remittances, even for buying a coffee, by 2021. Tesla founder and fanatic of cryptocurrency, Elon Musk, said Bitcoin is better for transferring money when compared to current processes.

NASDAQ Gearing to Launch Bitcoin Futures

The biggest stock exchange, NASDAQ, is geared to unveil Bitcoin futures in 2019. Bakkt, a digital asset platform, mobilized funds of $182.5 million USD. This is set to launch in the latter half of 2019. The firms currently supporting Bakkt include Boston Consulting Group, Pantera Capital, and Galaxy Digital.

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Crypto Blacklist | Belgium Updates List of Crypto Fraud Websites

crypto blacklist

Belgium’s Financial Services and Markets Authority (FSMA) has updated its crypto blacklist.

According to an official statement made today, the government body has added seven crypto trading platforms to it.

Crypto Blacklist

The crypto blacklist is comprised of websites and/or platforms associated with fraud or that show signs of fraudulent behavior. Effectively, these websites are known to scam investors or seem suspicious.

The previous crypto blacklist was released in December 2018 and listed a total of 113 websites. Now, that list has grown to 120.

Vigilance

Despite the availability of the list and the continued efforts to warn investors against fraudulent sites, the financial authority said that it continues to receive complaints from traders who invested cryptocurrencies on fraudulent sites.

Further, the authority warned that the crypto blacklist is comprised of websites that it is aware of or that have been reported. It does not contain every possible scam out there as, most likely, many more are yet to be uncovered. As such, investors should reference the list but always remain vigilant.

“The regulator warned that the blacklist does not include all the companies that might be operating illegally in Belgium in the crypto industry.”

Risks of Crypto Investing

According to the Belgian financial authority FPS Economy, a study showed that in 2017, Belgian investors lost approximately $2.5 million USD to crypto scams. This equates to 4% of the total amount lost to crypto fraud cases with estimations nearing $152 million USD. Figures such as this highlight the importance of careful trading.

>> Blockchain and Its Impact on Communications and Beyond

To help combat the issue, the European Union launched the International Association of Trusted Blockchain Applications (INATBA) in Brussels, Belgium. With more than 100 member companies signing the charter, INATBA aims to bring together all areas of industry, from startups to big enterprises, to regulators, to bring blockchain and distributed ledger technology into the mainstream.

The group places an emphasis on trusting each other in business. European Commissioner for Digital Economy and Society, Mariya Gabriel, said the following:

“In today’s economy, there is less and less time to build trust in the way it happened in the past. To fight cancer, to balance renewable energy, to trace the authenticity of goods, actors must be able to trust one another without meeting face-to-face. And how can we achieve this? Of course, with the help of blockchain.”

Be careful trading out there. There is a crypto blacklist, and it’s been made for a reason!

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Social Media Companies Join the Crypto World

social media

The cult of cryptocurrencies is rising with each passing day. But to understand the reason behind this, it is quintessential to know what exactly is cryptocurrency? Cryptocurrencies are digital currencies set up by groups of individuals and secured using cryptography. It is basically a form of digital ledger. Usually, cryptocurrencies are based on the technology called blockchain. A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.

Thus it contains a detailed list of information as to who has given what to whom; and who owns what. This data is permanent and irreversible thereby making it virtually impossible to create counterfeits. Since cryptocurrencies are largely free from government regulation, many investors and companies are attracted to their possibilities.

With the growing craze of cryptocurrencies, many big social media giants have decided to develop their own cryptocurrency. Since social media is a platform that involves “public” at large, the rage of cryptocurrency is soaring.

Most recent to join the race is VKontakte (VK), the most popular social media platform in Russia. Quoting from the recent report of the Russian news outlet RNS:

“According to [the unnamed source], the current configuration of the project involves the creation of individual accounts for the accumulation of cryptocurrency to all users of the social network.”

Once the cryptocurrency is developed, it would be able to be used by the site’s nearly 100 million active monthly users. However, the Russian social media giant has neither confirmed nor denied any rumors in context to the plans of developing a cryptocurrency.

>> What Does the Bitmain IPO Abolition Mean for Cryptocurrency Industry?

Certainly, VKontakte (VK) is not the first social media company to be lured by the appeal of cryptocurrencies. Much of the drive and inspiration comes from the popular US social media giant Facebook. Facebook, too, is working to formulate its own cryptocurrency. The Facebook crypto will be a coin associated with WhatsApp, allowing for near-instant transfers between users.

Counting on the public involvement at large, these social media companies are of a belief that users would readily begin to interact with cryptocurrencies. Thus, the future may see more and more companies joining the crypto world.

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The SEC Guidelines are HERE! Release of Crypto Token Guidance

SEC Guidelines

It’s been nearly six months in the making and now the US Securities and Exchange Commission (SEC) has finally published its regulatory guidelines for token issuers. Though many questions remain unanswered, crypto enthusiasts have finally got some clarity on the issue of “tokens as securities.”

SEC Guidelines

The SEC Guidelines focus on tokens and how and when they may be classed as a security. It includes examples of networks and tokens that fall under security laws, as well as examples of those that don’t.

It outlines a number of elements of a project that token issuers must consider to see if a token qualifies as a security. The following are some examples, (but not all):

  • an expectation of profit;
  • who within the project is responsible for what specific tasks within the network;
  • and whether a group is creating or supporting a market for a digital asset.

Reevaluation

The SEC guidelines also look at tokens that have already sold. It gives an evaluation guideline for investors to see if these tokens should have been registered as securities, as well as whether “a digital asset previously sold as a security should be reevaluated.”

Examples of reevaluation criteria include checking if:

  • The blockchain network and tokens are fully developed and useable straight away;
  • The token has a focus or use and isn’t speculative;
  • There is a limitation for the “Prospects for appreciation” in the token’s value; and
  • It says it is a currency that the token actually works as a store of value.

>> Bitcoin Price: BTC Extends Rally on Strong Momentum, Now What?

A Longtime Coming

As stated, the SEC guidelines have been in the works for almost six months. SEC Director of Corporation Finance, William Hinman, first revealed plans for the guidelines last November. At the time he said the SEC guidelines would help token issuers easily determine whether or not their cryptocurrency would qualify as a security offering.

However, investors and issuers should note that while it provides some legal clarity, the SEC guidelines is not a legally binding document. Back in February, the SEC released its ICO guide.

You can read the latest SEC guidelines in full here.

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