Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Ethereum (ETH)

Cryptocurrency

Mobile Wallet for Lighting Network Available

The Telegram (TON) token will have its own wallet and a ticker symbol GRAM. One Gram is supposed to be worth 10¢ in U.S. Dollars. Around 850 million GRAMs have been sold in a presale to 81 selected investors.

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Cryptocurrency

Blockchain Company Not Holding Token Generation Event

A visit to 777.Bingo’s website reveals no plans for a token sale. Instead the company, refreshingly, focuses on the product it wants to sell games. Even the name of the company’s token is hard to find through its site.

Europe.

777.Bingo’s business plan is to sell games through the blockchain; rather than tokens, the company’s Chief Strategy Officer (CSO) Matt Lee revealed. Lee views the blockchain as merely a distribution channel rather than a product.

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Cryptocurrency

The Universa Cryptocurrency is Building a Better Blockchain

The Universa team claims that their system will be one thousand times faster and one hundred times cheaper than Bitcoin (BTC). They also boast that their system will be far more scalable and capable of offering 20,000 transactions a second.

That compares favorably to Visa’s (NYSE: V) global payment system which is supposedly capable of handling 24,000 transactions a second. Visa claims to be able to process 24,000 transactions a second and to handle 140 million transactions a day. That might translate into a lot of cash of if Universa is capable of living up to that hype.

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CryptocurrencyOpportunities

Is Banco Santander Making Money?

Banco Santander SA (NYSE: SAN) has been making headlines by offering a payment app, currency converter, and digital wallet for Ripple (XRP) lately. That got me to wondering if Santander is a value investment and a smart way to cash in on the cryptocurrency bubble.
This makes Santander an interesting opportunity because it is a major bank with physical assets that is willing to work with cryptocurrency.
Santander’s involvement with Ripple goes beyond the app it is also using that cryptocurrency for cross-border payments in the United Kingdom. Santander’s use of Ripple includes cross-border payments between the United States and the UK in conjunction with American Express (NYSE: AXP).

Beyond Ripple, Santander is participating in the Ethereum Enterprise Alliance with many other companies. The alliance is an effort to build commercial decentralized applications (Dapps) for the Ethereum ecosystem. Such Dapps would presumably work with the Ethereum (ETH) cryptocurrency and ERC20 utility tokens.

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Cryptocurrency

Coinbase is so profitable it does not need Venture Capital

The source of Coinbase’s prosperity is obvious: it makes money by charging .25% to 1% fees on all transactions. The size of the revenues indicates a massive increase in Coinbase’s transaction volume; probably generated by the media interest in high cryptocurrency prices.

Coinbase is adding new sources of revenue on a regular basis. Its; wallet now supports four cryptocurrencies; Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), and Bitcoin (BTC).

Coinbase; which operates the GDAX exchange, now has more than 13 million brokerage accounts more than Charles Schwab (NYSE: SCHW), Recode claimed. Coinbase claims to serve more than 10 million members in 32 countries and exchanged more than $50 billion worth of cryptocurrency.

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Cryptocurrency

Some Cryptocurrency Predictions for 2018

The biggest cryptocurrency event in 2018 will be the appearance of a government-issued cryptocurrency or a government ICO. There are plans for government ICOs in Venezuela and Estonia.

The Estonian effort is the most serious right now, but specifics on it are light. The Estonian ICO would have major effects because the Baltic Nation is part of the European Union and the Eurozone.

Expect the Ethereum Coin Price to shoot up if Estonia releases a cryptocurrency and the EU doesn’t try to kill it. There will be major speculative bubbles around both Ether and Estcoin if there is an Estonian ICO.

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Cryptocurrency

What does Mark Cuban see in UnicoinGold?

Anybody can supposedly bet legally on video games by using Unikoin, Unikrn’s virtual token. Gamers in Australia and the United Kingdom can bet real money on virtual play and combat, Unikrn’s website revealed.
To add icing to the cake, Unikrn received a gaming license in the Republic of Malta in October 2017, Coinbase reported. That might give Unikrn the ability to take bets in Euros from a large number of European nations, because Malta is a member of the European Union (EU).

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Cryptocurrency

What is Driving Ethereum’s Coin Price through the roof?

The growth in UnikoinGold indicates that gambling might be driving Ethereum’s growth. If ERC20 becomes the protocol of choice for blockchain casinos, Ether’s Coin Price might skyrocket.

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