A Detailed Review of Helbiz (HBZ) Cryptocurrency

bike moto Helbiz

Now we can truly say that we live in the era of cryptocurrency development. This industry has not even turned 10 years old, and it has already become stronger on a global scale. Of course, a lot of coins among the existing ones will not pass the natural selection of crypto-evolution. Today we will talk about a rather young, but very promising coin Helbiz. What does it represent, what functions it performs and what can potential investors count on?

Contents:
(please, click the topic to scroll down to it)

  1. What is Helbiz?
  2. Helbiz price graph
  3. Advantages, disadvantages and forecasts for Helbiz
  4. Conclusion

1.What is Helbiz?

Helbiz is a relatively young project, the main purpose of which is the creation of a single marketplace in the field of mobile transport and car-sharing. Car-sharing is a concept of joint ownership of transport, without the need to possess it. Anyone can rent a car in any part of the city and pay for it using HBZ tokens. Considering that many experts of the automotive market predict the great future of this concept in the coming years, we can conclude that the Helbiz project may have huge prospects for growth.

2. Helbiz price graph

As of the time of writing (July 5, 2018), the coin ranked 621 in the Coinmarketcap rating.

Here is a little general information about the project:

  • the number of tokens – 1 billion pieces, now 547 million;
  • price – $0.007696;
  • capitalization – $4.2 million;
  • the volume of trading in the last 24 hours – $1,021,730;
  • ERC 20 token, built on Ethereum blockchain;
  • it is not subject to mining, the production of tokens is subject only to developers;
  • HBZ is  already traded on several fairly large cryptocurrency exchanges (IDEX, Coinhub, Mercatox, etc.).
  • according to the minimum cost, the coin shows an increase by 115%;
  • according to the maximum cost, it shows a decrease by 500%.

3. Advantages, disadvantages and forecasts for Helbiz

The Helbiz project is open for cooperation with other companies that work in the field of short-term or long-term transport lease. The highlight of Helbiz is the fact that this is the first marketplace in this field, which is based on the blockchain technology. The potential market is huge, considering that every year, it comes to more countries and cities. You can keep a record of all the services that will be provided through the Helbiz platform in the blockchain. Tokens can be paid for transport, so in case of successful implementation of the project, HBZ will be very in demand, which will certainly affect its price.

Sharing + blocking technology = huge potential for growth for the next 10-20 years. The blockchain technology is able to make a revolution in many spheres of life. The main advantages of Helbiz are the relocation of one of the economic sectors to a decentralized network, which does not require intermediaries, auditors or regulators.

If you look at Helbiz from the point of view of an investment asset, we can admit that the project is pretty worthy and you can buy a couple of hundred or thousands of tokens (depending on your budget), if you see it fit. It’s clear that a full-scale card-making revolution is a matter of not even a decade, but even in the short and medium-term prospects Helbiz can still bring a good profit. For example, listing on such giants as Bittrex and Binance is able to ramp the token rate by several hundred percent.

4. Conclusion

The Helbiz project is quite young, but it has every chance to become successful in the near future. This platform will greatly simplify the interaction between transport owners who want to monetize it and ordinary users. The blockchain technology will remove intermediaries, which will favorably affect both the earnings of the former and the expenses on the latter. If we talk about promising cryptocurrencies in 2018, then Helbiz is definitely one of them. You will need a very small share of your investment portfolio to buy this coin, not more than 1%. It is necessary to competently diversify your financial assets and never focus on one single coin in order to earn on the cryptocurrency market consistently and minimize its risks.

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Cryptocurrency Prices Today, February 15: Cryptocurrencies “Stand Still”

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) remained stable over the past 24 hours. The price at the time of writing is $3604 per coin.

For the most part, cryptocurrencies did not change in price throughout the day:

Bitcoin Cash lost 0.99% over the past 24 hours and costs $121 per coin;

Ripple dropped by 0.03 and costs $0.30;

EOS added 2.3%, and its price is $2.85;

Litecoin grew by 0.18%, and its value is $42;

Cardano gained 0.27%, and its cost is $0.040;

Stellar added 2.66% and costs $0.078;

IOTA grew by 0.87%, and its cost is $0.27;

Dash lost 0.6, and its price is $79;

Monero fell by 0.06% and costs $47.

Over the past 24 hours, Ethereum remained stable. The exchange rate of the coin is $122.

The total market capitalization is $120 billion. Bitcoin accounts for 52.7% of the total volume. In monetary terms, it is $63 billion.

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A Major Japanese Bank Is Developing a Blockchain-Based Payment Network Due in 2020

Mitsubishi UFJ Financial Group, Inc. (MUFG) is on the most prominent financial institutions in Japan, moreover, it is the world’s fifth largest bank in the world. Located in Tokyo, MUFG has branches in 50 countries all over the globe and over 150 thousand employees.

The financial group provides services in the various fields like leasing, asset management, commercial banking, credit cards, securities and others. It also constantly collaborates with the largest banking establishments in America, Europe and Asia.

MUFG and blockchain

Following the example of its competitors and partners, Mitsubishi UFJ Financial Group decided to involve innovative technologies in order to upgrade and advance its payment systems.

According to the official press release of the bank, it is partnering up with the Massachusetts-based company Akamai Technologies, which is a leading provider of content delivery and site accelerating services.

MUFG and Akamai Technologies, Inc. (“Akamai”) announced today that they have agreed to strengthen their strategic alliance towards the full-scale launch of a new payment network business and establishment of a joint venture, Global Open Network, Inc.,” is mentioned in the press release.

The main purpose of the collaboration, the development of a blockchain network for payments, is planned to be launched in 2020.

As stated by the bank representatives, they want to experiment with “diverse payment schemes” which will allow to expand their range of services.

We remind you that another global financial establishment, Abu Dhabi Commercial Bank, is also working on implementing cutting-edge technologies and launched a financial management app.

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Japanese Giant GMO Internet Lost ¥1.3 Billion in 2018: Report

One of the biggest Internet companies in the world, Japan-based GMO Internet Inc., posted a report on its financial performance. An operating loss accounts for ¥1.3 billion (~$11.75 million) in 2018.

GMO’s mining business

According to the report, mining business fared very poorly in 2018 which resulted in great losses. The company explained that the business did not increase as expected due to the collapse of cryptocurrency market in Q4. The report provides  the table where we can see the real revenue and real loss of the company. The data provided below does not include “extraordinary losses” of approximately $319.2 million.

Source: GMO Fiscal Report 2018

Alongside, Internet giant announced that it would implement a policy change regarding to their mining business model. The company will sell its bitcoin mining assets at cheaper rates to compensate for a portion of its annual losses.

Moreover, GMO plans to relocate mining centers to the regions where power supply is cheaper. The centers allegedly will be somewhere in Northern Europe.

GMO’s Bitcoin exchange

Source: GMO Fiscal Report 2018

According to the report, the company’s quarter-revenue has fallen by 66.7%, even though the company annually posts about its 7% profit from its crypto exchange GMOCoin.

In 2018, GMOCoin recorded a net sales of ¥4.02 billion (~$36.33 million). In Q1, crypto exchange has lost about ¥76 million, yet, high sales of next quarters compensated them. The fall of cryptocurrency market has also played a significant role in GMO’s revenues. Each phase ended on a lower note than a previous one in terms of sales, while the profits remained marginal.

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Cryptocurrency Prices Today, February 14: Cryptocurrency Did Not Catch The Romantic Atmosphere And Began To Fall In Price

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Rate

According to the Coingecko online platform, Bitcoin (BTC) lost 0.35% over the past 24 hours after a period of growth. The price at the time of writing is $3607 per coin.

Cryptocurrencies have returned to the red zone:

Bitcoin Cash lost 0.6% over the past 24 hours and costs $121 per coin;

Ripple fell by 1% and costs $0.30;

EOS decreased by 4.1% and its price is $2.78;

Litecoin dropped by 3.2% and its value is $41;

Cardano lost 2.5% and its cost is $0.040;

Stellar fell by 1.1% and costs $0.076;

IOTA decreased by 1.6% and its value is $0.26;

Dash lost 1.9% and its price is $78;

Monero dropped by 2.5% and costs $47.

Over the past 24 hours, Ethereum has lost 0.7%. The rate of the coin is $122.

The total market capitalization fell to $120 billion. Bitcoin accounts for 52.5% of the total. In monetary terms, it is $63 billion.

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Report: Blockchain Investments Cannot Overcome Fintech Funding

European blockchain companies set a record in 2018, however, they are unable to overcome funding that comes to financial technology companies.

Blockchain boom in 2018

At the end of 2017, the rate of Bitcoin skyrocketed to incredible price of $19,000. As the first cryptocurrency began gaining popularity, people started to wonder about the technology that stayed behind. After that people understood that blockchain can be used not only in crypto, but also in other spheres of life.

Some companies began to create their own blockchain and implement it into financial sector, political sector, etc. For example, Western Union supports cryptocurrency and blockchain, and it seeks the ways of their implementation; LG Uplus released a blockchain cross-border payment system.

After the cryptocurrency prices collapsed, the blockchain technology remains to be quite popular topic on different IT conferences and summits.

Blockchain investments cannot overcome fintech funding

According to Innovate Finance’s ‘2018 FinTech VC Investment Landscape‘ report, blockchain and cryptocurrency industry in Europe has witnessed a series of significant deals, but notably just four deals amounted to over $300 million. These deals include such projects, as Paxos (Bankchain), Dfinity, SEBA Crypto, Bitfury. They raised from $65 million to $103 million in different periods of the year.

Analysis shows that fintech companies are much more popular among investors than blockchain. European challenger banks Revolut and N26 alone raised $461 million across 7 deals. They closely followed by personal finance and wealth management ($333.61 million), and alternative lending and finance ($306.64 million) industries.

Fintech’s big picture

If we take the investments of all financial companies all over the world, we will see that they raised $36.6 billion from venture capital investors.

The leader in fintech investments is China, Chinese company Ant Financial set a record for  both fintech and venture capital, raising $14 billion. In overall, China led with $18.9 billion invested across 90 deals.

Next place is taken by the United States; it has raised $10.6 billion across 1,042 deals. The United Kingdom followed on in third place with $1.7 billion invested across 261 deals.

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The Most Dangerous Crypto Crimes: What About SIM Swappers?

Cyber attack and crypto crimes in every shape and form are quite abundant on the market of digital assets right now. They all have different goals and different levels of harm. The careful and thorough analysis of such attacks will make it possible to predict them and protect sites, platforms and companies from breaches and money losses.

However, there is a weird tendency going on among the analytical reports, which we will try to explain down below.

Two major cyber security companies Chainalysis and CipherTrace released their analytical statements at the end of last year. Both reports contained statistics on hacker attacks and crypto crimes and an outline of current trends.

The main focus of CipherTrace was different money laundering techniques, cryptocurrencies that are the easiest targets for crypto criminals that choose this path, AML regulations and other related info.

Whereas Chainalysis told its readers on the scale and profitability of such Ethereum scams as phishing and various Ponzi schemes.

Surprisingly, there seems to be nothing about the infamous SIM-swapping.

Just to remind you, SIM-swapping is a kind of a cyber attack aimed at money theft. Simply speaking, a hacker convinces the phone provider to “swap” the number of a victim to a new device. In such way, criminals get full access to the personal information of their victims, still their identity, and later money.

SIM-swapping scams have been involved in multiple scandals with the biggest cell-phone providers of America, the crimes involving this technique resulted in huge money thefts and loud arrests of witty hackers, yet very few reports actually mention it.

However, this still does not diminish the dominance of SIM-swapping over many other types of crypto crimes. In order to fight it, we not only need more coverage from the mass media and analytical firms, but also the cooperation from the cell phone companies to protect the users, their info and their money.

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