Has Roman Abramovich Invested into the ICO of Telegram?

The founder of Telegram Pavel Durov reported on attracting $850 million from 81 investors for the development of the messenger and the TON (Telegram Open Network) blockchain platform, the Securities and Exchange Commission (SEC) reports. According to Vedomosti, the billionaire Roman Abramovich is among the investors.

“Agreements on the purchase of cryptocurrency” are stated in the commission’s document in the column “type of placed securities” the newspaper notes. At the same time, the names of investors are not named in the statements.

According to the two interlocutors of the newspaper, Abramovich is one of the first Russians who got the right to invest in Telegram Group Inc. and TON Issuer Inc., managed by Pavel and Nikolai Durov. Another well-informed source noted that Abramovich could have invested 300 million dollars into the development of the messenger.

The representative of the company managing assets of Roman Abramovich, Millhouse, John Mann refused to comment on the information. Pavel Durov also did not answer the newspaper’s questions.

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CryptoMining.Farm Scam: 30 Victims Lost $1.34 Million

Thirty people have filed complaints to Thailand’s Technology Crime Suppression Division stating that they were victims of crypto mining scam, they allegedly lost 42 million baht ($1.34 million). The police thinks that the amount of victims can be bigger.

According to the victims’ words, the leaders of the scam convinced them to invest money into CryptoMining.Farm, a blockchain-mining website. One anonymous victim said to the Bangkok Post that one of the leaders promised investor an impossibly high return – 70% a year.

The victims signed contracts when they entered the website, the documents said that a customer may withdraw money at any time he/she wanted without any additional condition. However, the situation has changed since August. The victim stated that:

“From August the owner began imposing conditions for withdrawing the money. Then at the start of this month, the site announced it would start paying back investors in 84 installments which would take over seven years to complete. The payments were supposed to be made in foreign currencies [which] is not permitted by Thai laws.”

After a preliminary investigation, the police is sure that not 30, but 140 people became victims of the scam. Moreover, it can be related to a big scandal which happened in August 2018, when a popular Thai actor and his siblings stole about 797 million baht ($25.5 million).

According to the Bangkok Post, the company has two official offices in Bangkok and Chiang Mai, which may make the victims think that the company’s operations are legal.

Thailand treats digital money with caution and tries to regulate it. The Thai Ministry of Finance even issued a document last year where all the country’s cryptocurrency activities were regulated, including the taxation of participants of crypto market.

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How To Read Trading Charts

Cryptocurrency exchanges work on the same principle as traditional exchanges. Potentially, it is possible to earn very good money on these platforms, but for this, it is needed to be able to correctly read the cryptocurrency coin chart. Of course, in order to become a professional trader, it needs to learn and practice a lot, but if your goal is to understand the basics, this article will be an excellent starting point in the exciting world of trading for you.

There are a huge variety of different charts, but the most common is the “Candlestick chart”. The chart is a much more informative tool than digital or text analysis. Using graphics, it is possible to quickly navigate and understand the current mood of the crowd, as well as the balance of power between sellers and buyers of a particular asset. Based on the obtained data, it is possible to calculate the potential profitability or unprofitability of a particular deal.

1. The main types of stock charts

As it was mentioned above, there are a huge number of different types of charts, but the main ones are lines, bars, and candlesticks. All of these tools (with the exception of the line charts) can tell about:

  • price at the beginning of the selected period (1 minute, 5 minutes, 15 minutes, 1 hour, 1 day, 1 week, etc.);
  • price at the end of the selected period;
  • the minimum and maximum rate of the selected period.

By and large, the crypto chart clearly shows the history of the struggle between bulls and bears. In the process of this confrontation, a large number of deals are made. It should be understood that even a slight fluctuation of the price means that some have already earned on it, while others, on the contrary, have suffered losses.

2. “Candlestick chart”

Let’s take a closer look at the most common version of charts, namely “Candlestick chart”. It was invented almost 400 years ago by a rice seller from the country of the Rising Sun. The process of observing a line chart is not entirely convenient; for this reason, the construction of “Candlestick chart” is based on the principle of dividing the total time into specific periods. This principle helps to quickly navigate what is happening on the market and, accordingly, to give the Bitcoin trend prediction or any other financial asset forecast.

3. How to read the chart “Candlestick chart”?

One candle represents the range of prices for an asset for a certain period of time. The boundaries of the candle are the lowest and highest asset price in this period of time. If the candle`s color is green, this means that the asset has increased in value over a given period of time; if it is red, then, on the contrary, it has fallen.

Source: https://www.tradingview.com/

If you look closely at the above chart, you will notice:

  • the candle corresponds to the time interval – 60 minutes;
  • the minimum asset price was $3485,24;
  • the maximum asset price was $3733.58;
  • This hour began with a price of $3506,42 and ended with the price of $3687 (for this reason, the candle is green).

The main parameters that should be paid attention to when reading cryptocurrency charts are:

  • asset price;
  • time;
  • trading volume.

By and large, the entire analysis of charts is an ordinary calculation of the balance between supply and demand. It is possible to estimate the level of the strength of bulls or bears through the asset price (vertical axis) and the volume of transactions (horizontal axis). These skills allow experienced traders to take the right position in advance and earn money on any price movement.

4. Conclusion

In this article, we talked about how to read cryptocurrency charts. As it was mentioned above, there are a huge number of different types of charts, but the most popular and often used is the option “Candlestick chart”. The basic principle of this type of charts is to divide the time into certain periods. It is quite informative and easy to read. If you want to start trading, then you definitely need to get a deeper understanding of this topic.

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How to Choose Suitable ICO and Top ICO Trackers in 2019

Recently, the interest of potential investors to new ICOs projects has faded away a little.  It is explained by the fact that the cryptocurrency market has been in the downtrend for more than a year. But despite this, a huge number of new cryptocurrency projects constantly appear on the market. In order to have a convenient opportunity to look at the list of all current ICOs in one place, there have been created special aggregator sites, they are called ICO trackers. In this article, we will talk more about these services, learn about their advantages, disadvantages, and also provide you with a list of the most authoritative sites.

1. What are ICO trackers

So, as it was mentioned above, ICO trackers are specialized services that publish the necessary information about large ICO projects. It is possible to see lists of upcoming, existing or already completed projects on such resources. The main goal is to provide basic information to potential investors. On some of these sites, you can find not only the roadmap of a specific ICO but also its detailed analysis.

The staff of such services is doing a great job, which is aimed at studying the strengths and weaknesses of the blockchain ICO projects. As it is known, a huge number of scammers are concentrated in this area, for this reason, ICO trackers help potential investors navigate this dangerous market.

To understand the principles of such services, let’s take a closer look at the criteria by which projects are evaluated:

  • Risk. In order to compile an estimate for this parameter, the following data is studied: publicity of the development team, White Paper, availability of a test work product, the reputation of consultants and partners, etc.
  • HYPE. This criterion is counted by calculating the number of subscribers on the project pages in social networks, the frequency of its mentioning in the media, search results, etc.
  • Basic report. To evaluate this criterion, the following aspects are closely studied: the innovativeness of used technologies, the presence of its own blockchain, advantages and disadvantages, prospects and possible development options.
  • Investment Rating. According to the analysis, an expert forecast of the future of the project is provided.

All these factors help investors to get comprehensive information about a particular ICO and decide whether to invest their money in it or not.

2. Strengths and weaknesses of ICO trackers

ICO trackers are not perfect and they also have their own advantages and disadvantages.

Advantages

  • Providing basic information about the latest ICO.
  • Compilation and provision of project analysis, which significantly saves time for potential investors.
  • Listing scam projects.

Disadvantages

  • Not all services consist complete information about a specific project.
  • The information provided on the ICO tracker cannot be trusted 100% since such services cooperate with many projects as advertisements. This may mean that published information about a specific ICO may not be objective. For this reason, before starting the ICO funding, it is better to study it yourself.

3. Who needs ICO trackers?

Such services are actively used by investors, people who themselves conduct crowd sales, as well as all other users who are simply interested in this industry. A huge number of fraudsters are concentrated at this market. But despite this, there are really worthwhile projects that can give real profit to their investors, even in such a market. For a non-professional investor, it is quite a difficult task to find such an ICO. Therefore, investors use similar services to obtain key information about recent ICOs.

It should be noted that startups themselves are very willing to use ICO trackers because, such services are an excellent marketing tool for them.

4. List of popular ICO trackers in 2019

Recently, a sufficient number of ICO-trackers have appeared on the market. Each service has its own approach and its own criteria for evaluating new ICO coins. It is possible to find detailed information about ICO projects on larger sites, and some services simply publish WP with a link to the official project resource.

Here is a short list of popular and current ICO trackers in 2019 (according to the rating for 2018).

5. Conclusion

There are many scammers on the ICO market, lists of which can be found on specialized services – ICO trackers. Such sites allow investors to obtain key information about ICO projects.

These are certainly very useful services, but it is important to remember that ICO trackers are not the last resort, so before investing money in a certain project, it is better to search for information about it on the network.

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Bitcoin Price Analysis: The Representatives of JP Morgan and Fundstrat Share Their Opinions About Bitcoin’s Future

Another week has passed, yet Bitcoin still shows quite plain dynamics on the graphics. In fact, its price has not changed significantly since January 10th. Bitcoin price is $3459 at the time of writing.

Source: CoinMarketCap

Since Bitcoin’s price has recently stabilized, many institutional players began changing their attitudes towards cryptocurrency, let us see what the representatives of global companies think.

JPMorgan

The Global Market Strategist at JPMorgan, Nikolaos Panigirtzoglou, reckons that due to Bitcoin’s stagnation many big players will return to the industry. The volatility has “calmed down” and it means that investors can give Bitcoin second chance. He also said:

“The stability that we are seeing right now in the cryptocurrency market is setting the stage for more participation by institutional investors in the future. The cryptocurrency market was a new market. It went through a bubble phase [and] the burst.”

In his interview to CNBC, he stated that the cryptocurrency could not grow, because it was not regulated, but now the situation can differ.

Fundstrat

Wall Street research firm, Fundstrat Global Advisors, is sure that the cryptocurrency may see  new lows soon.

“The price structure for most cryptocurrencies remains weak and appears vulnerable to a pending breakdown to lower lows,” Robert Sluymer, the spokesman of Fundstrat, said.

In addition, Sluymer stated that the price can vary from $4200 to $3100 or ever lower. If it suddenly hits more than $4000, it would mark a 25% increase over today’s prevailing prices. However, Robert emphasized that the technical fundamentals of Bitcoin remain weak, so the price can have downward tendency to the price mark of $3100 or even lower – $2700. The representatives of Fundstrat have also suggested that 250 small-cap coins are at risk, as they all are vulnerable to market jumps.

There are some reasons why Bitcoin price may fall down:

  1. Lunar New Year. During this period, Asian traders have relatively weak activity which may bring consequences to Bitcoin’s rate. The unofficial holidays will last till February 19.
  2. Uncertainty with the US budget. The Congress and the President of the US cannot reach an agreement, this will have influence on financial markets.
  3. Trade war between US and China.

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Telegram Open Network Might See the World in March

The development of Pavel Durov Telegram is in the top-10 most widely used messengers in the world. It has over 200 thousand users every day.

Having collected over one and a half billion dollars during ICO, Telegram Open Network (TON) is by no doubt the largest blockchain project in Russia. Thus, it obviously attracts massive attention.

We reported back in November about the level of its readiness.

We remind you:

The Open Network of Telegram is 70% Done

Although there is not much official information available, a source of Cointelegraph, who is supposedly the insider of Telegram, the blockchain platform of the messenger will be released in March of 2019.

It was also mentioned that the CEO of Telegram Pavel Durov did not want the information of the release date to be disclosed, so the exact date is still unclear. Moreover, there is a possibility that the date will be changed completely.

According to the report published by The Bell, the platform is 90% ready, while the Testnet is about to be launched.

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The CEO of Circle Believes That a Clearer Policy of the SEC Will Cure the Crypto Industry

The CEO of the project Circle, backed up by the major bank Goldman Sachs, Jeremy Allaire started a thread on Reddit together with his co-workers, where they debated the accomplishments of the company in the recent time, talked about prospects for the future and discussed the overall situation on the crypto market.

According to the representatives of Circle, one of the main issues with crypto in the US is the lack of regulatory framework and, most importantly, the inability of the Securities and Exchange Commission to clearly define cryptocurrencies as belonging to a particular type of assets.

We remind you:

The SEC: Unlike ICO Tokens, Bitcoin and Ethereum Can Not Be Securities

There absolutely needs to be more regulatory clarity to really make this fly — in particular around who can issue these, how they can be stored and transmitted, and what markets can allow their trading. There’s a lot of attention on this and we absolutely expect to see these issues resolved and for far more real world experiments to hit the markets this year,” said Jeremy Allaire.

Also, the CEO of Circle claimed that the US should follow the example of France and have a separate kind of taxation for crypto-to-crypto transactions.

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