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Hong Kong securities regulator has once again warned the public about Initial Coin Offering investment. The deputy chief of Honk Kong SFC (Securities and Futures Commission), Julia Leung, repeated the previous concerns of perils related to ICOs, in a speech which took place on Friday.

While emphasizing that the interests of regulators lie in protecting the investment of public first, Leung said:

“While we acknowledge that innovative technologies such as blockchain have the potential to improve efficiency and financial inclusion, that does not entitle anyone to conduct fundraising from the public in violation of securities law.”

initial coin offering

Obscurity for Investors

As Leung is the chair of the SFC’s Fintech Advisory Group, she claimed that it would be difficult for an average investor to decrypt the extreme-technical-content and obscurity of few projects that are in quest of fundraising, as she stated that it was more suitable for proficient investors from VC funds instead. Her remarks then drew the attention to projects that claim to use blockchain technology as a “slogan” to vow high-tech claims without any innovation to fulfil those promises.

Julia Leung also added:

“Many of these fundraisings are dubious, if not downright frauds. The issuers escape the scrutiny of the police or securities regulators because of their cross-border nature and the way the crypto assets are structured to fall outside any regulator’s perimeter.”

Warning Against ICOs

These comments pursue an earlier statement, in which guidelines were provided for ICO issuers that must be followed ahead of fundraising operation. Certain ICOs could be considered as securities as well, according to Leung. Since the scrutiny, the regulator has issued a warning letter to almost seven exchanges along with domestic presence, prompting them not to trade cryptocurrency tokens as it sees them as securities without a license.

The regulator said:

“The SFC will continue to closely monitor ICOs and will not tolerate any violations of the securities laws of Hong Kong.”

Seeing growing public interest, the authorities of Hong Kong launched a “public awareness campaign” at the beginning of this year to enlighten general public about the Initial Coin Offering investment and cryptocurrencies by using, articles, advertisements, and infographics.

In her speech, Leung also pointed out the volatility of bitcoin price and added:

“Many millennials who subscribe to digital tokens in ICOs5 understand that there is no intrinsic value in the tokens but are betting on the rapid rise of the token value in the secondary market.”

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Bitcoin vs. Ethereum- 2017 Edition

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There are various warriors out there fighting for the cryptocurrency crown, but the lead runners are Bitcoin and Ethereum and both have serious backing. Due to the increase in competition, it is important for investors to understand the similarities and differences between the two.

Bitcoin vs. Ethereum- 2017 Edition

What is Bitcoin

Bitcoin is the first form of digital currency which was created by Satoshi Nakamoto. Since everything is shown on the public ledger, the blockchain, you can be confident that the transaction is legitimate. Bitcoin offers lower transaction fees than traditional online payment mechanisms and has no interference of banks. Also, it is used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also trading digitally at the moment.

What is Ethereum

Ethereum is meant to be much more than a payment system. It is also based on blockchain technology and was introduced to supplement decentralized applications.

It even features smart contracts and the Ethereum Virtual Machine. Firstly, Ethereum’s smart contracts allow contract negotiation and facilitation using an app which provides a decentralized way to verify and enforce them. It is powered by the Ethereum cryptocurrency Ether, which is held in the Ethereum wallet. Their aim is to provide greater security than normal contracts and bring down the associated cost. Also, the Ethereum Virtual Machine helps to create blockchain applications in a much easier and efficient way, enabling people to run any program.

Bitcoin vs. Ethereum:

In Bitcoin blockchain, miners mine to earn bitcoins and two-thirds of all available bitcoins have already been mined. The reward for mining halves about every four years and it’s current value is at 12.5 bitcoins with average block time as 10 minutes. Due to this block time, Bitcoin is suffering from slow transaction speeds thus, vendors and purchasers are choosing to shift.

On the other hand, Ethereum rewards its miners with ethers, which is a kind of token that fuels the network. You earn 5 ethers given for each block and unlike Bitcoin, Ethereum’s block time is 12 seconds. Ethereum’s GHOST protocol enables quick block time. The faster the block time, the quicker the confirmations. However, there are also more orphaned blocks. Ethereum gives application developers the opportunity to create all sorts of applications that carry out their own set of operations, which have never been seen before. While smart contracts are set up to be unchanging and trustworthy, they are still ultimately a creation of humans who are capable of error.

Another major difference is the supply of Bitcoin, which is exceedingly low, with just 16.24 million left from 21 million. Whereas, Ethereum has over 89,752,192 coins currently existing. This is an advantage for Ethereum since Bitcoin might be left behind due to its low supply.

Furthermore, both Ethereum and bitcoin use different hashing algorithms. While Bitcoin uses SHA-256 algorithm that produces a number in hexadecimal format, Ethereum uses Ethash algorithm.

Here’s a table representing all the differences between Bitcoin and Ethereum:

 

The future of Bitcoin and Ether

As we glance into the future, it’s hard to get a grip on who exactly is going to be on top of the chain. Over the years, Bitcoin has become more and more popular, there has been a steady increase in volume since the beginning of 2017. It now represents a technological breakthrough that has the potential to change the way the world banks. Now standing on $2209, for the first time in history, surpassing even the price of gold.

However, as high as Bitcoin pushes, it is going to drag Ethereum with it as well, which is now trading at $175. While the future of Ether is more uncertain than the future of Bitcoin, the potential gains are also much greater.

Both digital currencies continue to push all-time highs for almost every available metric and show no or very little signs of slowing down.

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How to launch a successful ICO

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What An ICO Truly Means???

How to luanch a successful ICO: Initial coin offers the newly emerged concept of crowdfunding in blockchain and cryptocurrency. Basically, it is an event, when a digital company releases its own cryptocurrency. The company usually release a number of crypto-tokens. As a result, users get their crypto token’s share and the company gets its fund to develop more products.

ICO Direct Marketing Guidance – Are ICO Campaigns Suitable For The Business???

For a business setup, it needs a proper homework and campaigns session also. Some business owners consider that ICO is an important tool for any startup. With advertisement process, it allows to raise your money and registering IPO with agencies.

Whereas, in the case of the digital world, ICO ideology is getting more achievements. There are few standards which play an important role to accomplish the actual requirements of a successful campaign. Here, the first requirement is to generate the value of the cryptocurrency for users.

ICO market depends upon two pillars such as authentication and transparency of a transaction or dealing. Due to this, owner of the project will not able to get an extra reward on contributors’ amount.

So, before conducting a crowd sale token campaign keeps authentication and transparency sessions to minimize the risk of detrimental.

Can I Conduct An ICO Campaign?

ICO has the ability to create a profitable campaign. ICO crypto-token can be easily integrated into any business model. This is the fundamental problem that a token comes under massive speculative pressure and end up with the level of heavy demand.

In the same way, your plan is to decentralize your token and increase the value of it, it’s a part of the business feel free to read on. On the other hand, there are much better ways such as plain old crowdfunding or VC funding.

What Should I Focus On Before Launching?

ICO campaign owner always has the teamwork with goals and potential. They make their effort to attain three answers to the question. As a result, they get the profitable campaign.

  1. Who is working on the campaign which includes market reputation, communication level, ICO direct marketing and definition of your product?
  2. Explain project’s goal clearly.
  3. And, what you have for the contributors in your product.

How To Pull The Team In ICO?

You’ll need an experienced and hard-working team during ICO campaign.  Avoid the hiring of unaware team members. A professional team with their face and portfolio on the social media platform, easily available to any potential contributor.

How To Communicate With The Audience?

Simply take a white paper. In addition, write down the technical aspects of the project, problems, and their solutions, targeted areas, a proper channel. Make it sure that your goals are well-defined and have real worth.


How To Protect The Investors’ Interests?

Offer the premiums like discounts to the early investors. For investors, interest introduces escrow wallet for the contribution. And, make it sure to the investors that investments are refunding in case of failure.

Most Important Factors Of ICO

A campaign depends on the two factors,

  1. Your timing
  2. Your communication

These two factors directly create strong effects on a campaign.

Goodluck!

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Buy Bitcoin Online- How To Make a Perfect Purchase

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Buy Bitcoin Online

If you have learned about basics of the bitcoin, the next is to buy bitcoin. But the question is how? How can I buy the bitcoin?

I am here to tell you about how you can buy the bitcoins. You can buy bitcoin from exchanges or directly from people via marketplaces. whereas, we will discuss online buying of bitcoin. So, let’s start.

Buy bitcoin with a credit card

Here, we will have the example of 247 exchange. To buy online bitcoin, you have to focus on the procedure. Whereas, exchange policies may vary from site to site. So, let’s start with the first step.

  1. This is a common thing that when you are going to sell or buy something. You need some verifications. Same with buying bitcoin. First, you have to create an order by filling a form name buy cryptocurrency. You need to pay attention to all the section of the form. And, try to avoid to enter the bogus material. Otherwise, your order will be canceled by the site automatically. After completion of the form, you will become a registered user automatically by clicking “make the order”.

Buy Bitcoin Online

  1. After clicking “make the order”, you have to pass some verification test. This test will not use up a lot of your time. Whereas, a test will be held by AML-program depending on your verification and amount ordered. Here, you need to confirm your identity, address, and phone number. In extraordinary cases, you have to submit additional documents. Accordingly, you need to submit your address, your card if issuing bank don’t have a 3D technology. After few minutes of your identification, you will be able to enjoy our services.

 

Buy Bitcoin Online

  1. After getting the approval from a site, you will receive an e-mail. Log into your personal account, check the details of on order page. While you check your order details, verify each detail. Because you enter the wrong account number you’ll lose your money.

 

Buy Bitcoin Online

In addition, if you are not satisfied your amount in order and want to change it. You have to put another order with your desired amount. And just leave a message on your order page. Another thing is, you have to pay from your own credit card.

 

Buy Bitcoin Online

  1. The last and final step is, read the rules and policies of the site and click the “I agree”.

Within few minutes, an amount will be deducted from your account and you will receive your desired bitcoin.

Buy Bitcoin Online

Buy Bitcoin Online

 

Buying large amounts of bitcoin

To buy the large amount of bitcoin you have to follow these simple steps.

  1. Find a bitcoin exchange, a majority use Spectro coin or Kraken.
  2. Make payments in U.S dollars or Euro to buy bitcoin. After register, yourself to the exchange.
  3. When you get bitcoin, transfer it to your wallet.
  4. Finally, get bitcoin debit card for easy spending.

That’s all. You buy your bitcoin easily.

What makes for the best bitcoin  

When you are finding the best bitcoin, you need to consider some factors. Which may vary from person to person. In addition, these factors directly create an impact on buying and selling of the bitcoin.  Some of the factors are given below;

Exchange rate

While comparing bitcoin exchange’s price with bitcoin price index you’ll get best exchange rate.

Payment method

You need an exchange who accept your bitcoin payment method. Whereas, different exchanges offer their services at different rates. For example, exchanges often charge a fee of 3-10%.

Speed

You want to buy bitcoin. Unfortunately, it is not a simple and easy challenge. And especially, when you are going to buy bitcoin in large amount. you need to research all the exchanges and figure out the verification level and delivery speed. Otherwise, you’ll get coin after a week, which you need right now.  

Amount

Coinbase can sell $1000 bitcoin on daily basis to its regular users. Whereas, for fully verified users can buy up to $50,000 daily. limits. Which is vary from exchange to exchange. In addition, each exchange offers FAQ to guide about the verification levels.

Privacy  

Buying bitcoin in replacement of the cash is the most convenient and safe way to buy bitcoin. Doesn’t matter this buying will be through the p2p exchange like local bitcoins or at bitcoin ATM. But exchanges also accept the credit or bank transfer.

Above all discussion is about how to buy Bitcoin online. So, be aware of scams, and buy bitcoin freely and safely.   

 Good luck!

 

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How to Buy Bitcoin In 2017

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How to Buy Bitcoin

Buying Bitcoin is simple and painless. All you need is a digital wallet as, without it, it’s impossible to buy and store Bitcoin.

A Bitcoin wallet is used for the same purpose as a traditional bank account for storing fiat currency.

Once you have the wallet, you will need to follow a simple process in order to buy the coins. Here, we have discussed how to buy bitcoins. So read carefully.

Buying Bitcoin – Getting Started:

There is a large number of brokers, exchanges, sellers and wallet providers, etc. selling Bitcoin. However, not all of them are reliable. Some are just there to steal your money.

To avoid theft, you should always look for well reputed and renowned names to make the purchase.

The Bitcoin exchanges require the users to provide their personal information – which may also include your photo and a copy of ID – to prevent theft.

Once your account is functional, you are ready to buy bitcoins instantly.

Buying Bitcoin with Debit/Card Instantly:

Buying bitcoins via debit/credit card is one of the easiest approaches out there. However, due to the complex transaction process, the fees can be high.

As a bitcoin buyer, you will come across numerous companies offering their services, but only a few of them are trustworthy.

Down below is a list of most trusted names that accept credit/debit cards and sell instant bitcoins.

Coinbase:

With the presence in over 30 countries, Coinbase is the largest bitcoin broker in the world.

Coinbase offers instant buy option, but to buy the coins instantly, you will need to provide your identity proof and bank card.

Coinbase users are normally categorized into two levels: level 1 users and level 2 users.

Level 1 users are the fully verified users and can buy up to $1k worth of bitcoin per week.

While level 2 users can only buy up to $100 worth of bitcoin per week.

Moreover, Coinbase only charges 3.99% in transaction fees which are pretty low compared to other exchanges.

Find out more about how to buy bitcoins via Coinbase safely right here.

CoinMama:

  • Offers instant bitcoins to debit/credit card users
  • Charges 5% in transaction fees and particularly good for those who buy in bulk.
  • Offers special packages to verified users as they can buy up to $5k worth of bitcoins per day and up to $20k per month.

BitPanda:

BitPanda is an Austrian exchange and is one of the most renowned across Europe.

The features of BitPanda include:

  • Instant bitcoin purchase through credit/debit card
  • Low fees. Just around 3-4%.
  • The buyers are required to go through a strict verification process.

A downside of BitPanda is that the fees are not mentioned on their site. If a user wants to know the fees, he must register an order first.

Some Other Ways to Buy Bitcoin:

Buyers who don’t have credit/debit card can also buy bitcoins through LocalBitcoins.com. All you have to do is enter your nearest area and arrange to meet up with a seller. However, make sure your meetup is in a public place to avoid any potential harm that the seller may possess for you.

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Famous and rich people’s reviews about bitcoin

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Famous and rich people’s reviews about bitcoin

Reviews about bitcoin is the most interesting topic ever. As we know that bitcoin has its own worth. In that case, richest people of the world are not dumb. They know the trend of the financial markets. In the same way, richest people of the world seems interested in bitcoin technology. Some of them also give positive reviews about bitcoin world and do some transactions.

Few perks of bitcoin review are, no banking agony, no transaction’s fee even less inflation. In this article, I’ll tell you about the reviews of richest persons in the world about bitcoin technology.

Bill Gates

The founder of Microsoft and the richest person in the world said that ‘’ bitcoin is better than the currency “which means he accept the bitcoin. As we know that Bill Gates foundation works on the serious social issues of the society.

As he said, they help to poorer how to have no excess to the banks. Ironically, if they have, then transactions fees don’t let the enough amount. In that scenario, they need to send and receive money in an easy way. For example, everybody in the world knows the use of mobile phones. People know how to utilize themselves with this technology.

The only solution of this inflation is the use of digital currency. Bitcoin is the most dominant contestant in the list of digital currencies. He completely focusses on the present situation of poorer. His reviews about bitcoin are, “Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than the currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.” Which clearly proves that next era is bitcoin era. Including banks and financial institutions are going to change infrastructures as well.

Warren Buffett

He is the second richest person in the world. CEO of Berkshire Hathaway stats ‘’ yeah it is a very fast money order anonymously’’.

Dr. Eric Schmidt

He is executive chairman of Google and also holds a Ph.D. in computer science with the wealth of $8.3 million. He admires that the currency with no duplicate in digital currency, useful for many computer applications. In fact, most of the people do business with bitcoin. Which clearly means that people’s trend about payments and buying goods has to change to the digital system.

As he states, “Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has an enormous value”.

Richard Branson

He is a founder of the virgin group comprising more than 400 companies. Richard seems to interested in bitcoin investments and also support it.

He clears the thing that bitcoin is the future.

“If people have lots of bitcoin and they want to go to space, I much rather they spend that money on a spaceship.”

Conclusion

Above discussion describes the trend of a financial market about bitcoin. A large number of richest persons are interesting to invest in bitcoin.

Tags: how to make money with bitcoin

 

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