Category Archive : Crypto

Doch LLC introduces a unique AI algorithm to help traders maximize profits by utilizing crypto volatility

The US-based fintech firm Doch LLC has introduced a unique AI algorithm to help traders and investors reduce risks and maximize profits even in the highly volatile crypto market.

There is no denying the fact that trading on financial markets is arguably the most convenient way to invest and earn significant returns. These markets mainly comprise commodities, derivatives, Forex, and more importantly cryptocurrencies. They offer high liquidity, and the globalized nature of this space makes asset management a breeze.

However, while financial trading can reflect huge rewards, it also involves a certain amount of risk – simply due to the volatile nature of the market, regulatory bindings, and chances of price manipulation. Many have lost a fortune owing to these issues, but some perform cryptocurrency arbitrage to take mitigate volatility risks. They basically take advantage of the difference in the price of crypto across multiple exchanges and buy & sell them in a profitable manner.

However, crypto arbitrage is not the long-term solution simply because:

  • The method is not suitable for large volumes of trade
  • Buying and selling on multiple exchanges involve individual transaction fees
  • Exchange rates change within a split second that might defeat the whole purpose of utilizing the market volatility and making profits.

Doch LLC has come up with a feasible solution to help financial traders give themselves the maximum chances to earn high returns even in a sensitive market.

About Doch LLC

Doch LLC is an American fintech company that aims to optimize the financial portfolio of investors and traders, through its single window platform for Forex, cryptocurrency, direct selling, and E-commerce. Moreover, the platform also offers 24/7 integrated customer support for all its users.

What’s unique about Doch LLC?

Doch has harnessed the benefits of crypto arbitrage (as mentioned before) to develop a product called Doch LLC AI TOT. This is a cryptocurrency arbitrage engine that works within the Doch Exchange and has the ability to buy and sell multiple crypto pairs to generate profit from the spread differences. It is equipped with a quadrangular strategy AI algorithm that addresses the disadvantages of crypto arbitrage and enhances its efficiency by manifold. The engine basically detects and calculates the spread differences between as many as 4 crypto pairs, and executes the most profitable trade in a matter of seconds.

To put it simply, Doch LLC AI-powered trading algorithm saves a lot of crucial trading time by executing simultaneous buying and selling across multiple external exchanges – the time that can actually be the difference between huge profits and massive losses. And the best part is, all of this operates from within the in-house Doch Exchange. So you do not need to go through tedious KYC processes on multiple platforms, nor do you need to pay withdrawal and deposit fees for each individual exchange, as in the case of traditional crypto arbitrage.

Doch LLC’s AI TOT quadrangular strategy algorithm is basically powered by three main components – Big Data, Machine Learning, and Real-time trading. The platform is supported by its native token named Doch Coin. You can know more about it here: https://www.dochcoin.com/Doch%20LLC%20PPT.pptx

Summing Up

Doch LLC has already partnered with prominent names including – Microsoft, Visa, Mastercard, Corent, Zendesk, and Thunes.

The other aspects of Doch LLC’s financial service platform are – Doch Travel Portal, Doch Gaming and Casino Site, Doch Mall, etc.

The company has a number of upcoming launches scheduled for this year. You can know more about those at https://www.dochcoin.com/

Contact: support@dochcoin.com

Telegram: https://t.me/dochcoin
iOS App: https://apps.apple.com/us/app/doch/id1489370319?ls=1

“Navigating the Pandemic as a Digital Asset Exchange” — Webinar by ChainUP Received Outstanding Support & Attendance

14 MAY 2020 — Global Blockchain solutions provider ChainUP is one of the few Blockchain/Cryptocurrency companies that partake in online webinars to continue community relations and get-togethers in the midst of the Covid-19 pandemic. In a webinar that took place on 13 May 2020, ChainUP got together with BiKi Exchange, BCB Blockchain and Sanctum to discuss the challenges and opportunities presented in these volatile times. Organised by DIFY, the webinar was attended by over 100 attendees and featured a sharing from John Kim, ChainUP’s Business Development Director, a panel discussion with the invited speakers and a giveaway of BiKi tokens.

In its participation in Thailand Genesis 2019 previously, ChainUP has stated that they are focusing on customer acquisition and regional expansion and will be doing so via frequent community meetups across the Southeast Asian region. Hosting online webinars is the company’s approach to readjust their strategy and enables the team to be flexible with their expansion plan.

Ms. Yolo Zhang, ChainUP’s Overseas Marketing Director, commented:

The ongoing Covid-19 situation not only affects ChainUP but many other companies in various industries, as it is now difficult to hold offline activations. Losing communication with the community is the biggest challenge that we have to overcome as this will gradually dilute the ties with them, causing them to stray away from the market. Through webinars, we are able to communicate with the community members and potential clients seamlessly and still remain connected to them during this difficult period.”

The session explored several topics that included trading in volatile times, solutions that cryptocurrency exchanges should implement to enable high volume trading and the impact the pandemic had on the financial market.

The topics that were discussed were relevant to the blockchain solutions and services that ChainUP offers, which included auto trading bots, credit card payment (fiat-to-crypto), technical support and compliancy technology solution for exchanges, among others. Ms. Zhang continued,

It is definitely necessary for cryptocurrency companies to adjust as countries are implementing more policies and looking into the development and overall compliance of exchanges. In the outbreak year of the contract, it is imperative to increase the financial derivatives trading module.”

The new compliance technology solution that ChainUP has created meets the standards of Monetary Authority of Singapore (MAS), Singapore’s official regulator of the financial sector. With this new milestone, ChainUP’s exposure in the Southeast Asian region will be greatly enhanced and the company’s continuing efforts in reaching out to the community through webinars will hopefully gain more traction.

To watch the recorded webinar, please visit: https://bit.ly/chainupwebrec

About ChainUP | http://www.chainup.com

ChainUP is a leading blockchain technology solution provider in the world. It owns eight well-developed product lines: digital currency trading (financial derivatives), wallet, situational awareness, public chain and consortium blockchain, mining pool, blockchain cloud media, liquidity, broker, and has constructed an industrial closed loop from technology service to traffic and traffic commercialization. It has obtained several rounds of investments from well-known top institutions such as Morningside Venture Capital, Joy Capital, Node Capital, Albatross Venture, Taoshi capital, amongst others.

PZM Cash: An Innovative Approach Towards The Future Of Digital Currency

A group of enthusiasts and programmers has created PZM Cash for one common good, which is the all-inclusive growth of Blockchain technologies. 

PZM Cash boasts its very own Blockchain that uses SHA256 technology. The cost of 1 PZMC is $0.15. This price has been set for pre-sales and practice shows. The value of 1 PZMC can increase by approximately 20% or even 30%. 

So, this speaks of the value and the authenticity of PZM cash, which further forms a firm grounding for cryptocurrencies, which were earlier considered a scam. The value of a digital currency can go up or go down, but it is less likely to disappear from the universal market completely.

How PZMC Is Different from Other Conventional Digital Currency

PZM cash is undoubtedly a cryptocurrency, but its PoS concept completely varies from the conventional or classic one. PZM Cash team and creators have significantly modernized the PoS concept. 

Fix transaction fees guarantee equal profit distribution between forgers. PZM Cash indeed operates with the mission of filling the empty network with money supply but in a different manner. 

The team behind PZM Cash has refused to emit the first block generated entirely. Just 1%c of the total coins produced shall be disbursed using premining initially when the launch of the network takes place. 

The left out coins shall be disbursed during the post-mining procedure in the form of incentive payments for all loyal customers who support the network.

The Web3.js Wallet Solution

Javascript implementation of PZM Cash has expanded the functionalities of browser solutions associated with the digital currency. This implementation has also made way for the use of Web3.js technology that has further expanded the potentials of the PZM Cash Wallet. 

PZM Cash has thus been successful in accomplishing its mission of coming up with a wallet that can effectively be used on the varied resources of its partners without having to come up with a completely different wallet for various assignments. 

Furthermore, the implementation of the browser has eliminated the need for Blockchain cotes for integrating new resources.

PZM Cash’s Vision

The Web3.js selection of JavaScript libraries allows users to interact with any node remotely through IPC or HTTP connection. It has simplified PZM Cash Wallet integration via committed API. 

This has further made it easier for the partners to integrate without the use of a full node. The vision of PZM Cash was making its coins universal so that they could effectively be used on varied partner platforms and assignments for settlements. 

With the implementation of the PZM Cash Wallet on Web3.js technology, PZM Cash has been successful on trekking on its path of accomplishing this vision to a considerable extent.

Bitcoin Lightning Network ensures larger payments capability

Bitcoin Lightning Network releases a 0.10 beta version of its LND software, to improve routing efficiency and reliability of its infrastructure. 

According to the latest reports, San Francisco-based crypto firm Lightning Labs has introduced a 0.10 beta version of its LND software. It is one of the most important iterations of the Bitcoin Lightning Network. The key highlights of this latest update include – Multi-Path Payments, Partially-Signed Bitcoin Transaction (PSBT) support, on-chain fees, developer improvements, security, architectural improvements, and other bug fixes. The 0.10 beta version aims to improve the routing efficiency of lightning payments. 

What is the Lightning Network?

It is a second-layer incorporated on top of the Bitcoin blockchain that enables faster and cheaper transactions. Prior to the latest update, users could only lock a limited amount of Bitcoins in the channels. Moreover, there used to be a lot of friction in routing transactions. 

More about the latest update

The most important aspect of the latest update is regarding multi-path payments. The 0.10 beta version will allow users to quadruple the number of BTCs that can be locked in channels. This will essentially improve routing efficiency, and instill a lot more liquidity in the channels. According to the announcement, “A related change is the lifting of the maximum invoice size, which was previously 4.2 million satoshis (0.042 BTC). Starting with LND v0.10-beta, payments up to the maximum size of a channel will be allowed. (Currently, the maximum channel size is 16.7 million satoshis (0.167 BTC.)”

The update also added support for Partially-Signed Bitcoin Transaction (PSBT). It is a cryptographic method for hardware wallets to sign transactions without revealing the keys to a device. 

Another important part of this update developer improvements. Lightning Labs explained, “Finally, in and v0.10-beta, we’ve added an “Experimental Services” section to the LND gRPC API. These services are designed to allow LND developers to experiment with and give feedback on new APIs while they’re in the process of being developed. This will also give new features and APIs a place where they can be tested, stabilized, and matured before being added to the main LND API. For REST developers, we’ve also made the REST API docs more easily accessible.”

As of now, as many as 955 BTCs are locked in Lightning Network channels. This figure accounts only for public nodes. If we consider the private nodes as well, this number could be much higher. 

Andreessen Horowitz sets up a $515M crypto fund

Andreessen Horowitz sets up a $515 million crypto fund to help fund new blockchain projects – with this being the second fundraising campaign by the VC firm. 

According to the recent reports, Silicon Valley venture capital giant Andreessen Horowitz has raised more than $500 million for creating a new crypto fund. The initial fundraising goal was $450 million, but the investment fund ended up nabbing in a total of $515 million. Chris Dixon and Katie Haun who led the investment clarified that the fund will be used to initiate a number of new blockchain projects. 

In an interview with Fortune, Chris stated, “It’s very rare that major, new computing paradigms come along, and we think this is on the scale of cloud and mobile for the Internet,” Chris and Katie explained that the fund will open up new avenues in the field of payments systems, digital stores of value, decentralized finance, Web3, and other ways to monetize content creators.  

Previously Andreessen Horowitz created another crypto investment fund worth $300 million, out of which $25 million went to Coinbase in 2013. Apart from Coinbase, the fund also invested in companies like Dfinity, MakerDAO, Compound, and Filecoin. Interestingly, Andreessen Horowitz was one of the first backers of Bitcoin and blockchain technology. 

The firm is also providing a free, seven-week blockchain education program, under its Crypto Startup School. Andreessen Horowitz partners and other top VCs are involved in the project. Promising projects also get an opportunity to pitch their ideas, and raise money. 

Andreessen Horowitz is clearly being actively involved in the crypto space, investing in projects, and setting up funds that will eventually trigger crypto and blockchain adoption. Last year, it also became a registered investment adviser, a distinction offered by the Securities and Exchange Commission. 

To sum it up, with a $515 million fund right there in place, it will be interesting to note how the capital will be allocated and to whom. Moreover, Marc Andreessen’s recent comment about rebuilding America amid the COVID disaster brings this question more into relevance.

Bitcoin is striking back as halving inches closer

Bitcoin is well on its way to regaining its lost dominance in the crypto market while challenging major altcoins as the big halving day approaches.  

After a quiet few weeks, Bitcoin is making its way up again and challenging altcoin dominance. According to a chart published by Messari researcher Ryan Watkins, ‘Bitcoin is well on its way to achieving the same market dominance that it did during the 2017 bull run.’ This essentially means that Bitcoin’s total share in the crypto market is on the rise yet again, thus silencing all its critics. Hence, investors and enthusiasts are likely to be more interested in placing their bets on BTC as opposed to other cryptocurrencies.

This comes after the tragic 2018 price crash, which prompted traders to move into altcoins, hoping to neutralize the risks associated with a bearish BTC trend. However, even amid the existing global pandemic and a pathetic economic scenario, Bitcoin seems to be making its way back into dominance. Interestingly, a crypto analytics firm, Messari also noted that the public interest in Bitcoin is also at an all-time high, similar to when BTC was close to its maximum ever price range. Recently, Google also reported that search queries with the word ‘Bitcoin’ in the last week of March were the highest ever that it ever received. 

This uptrend comes weeks before the much-awaited Bitcoin halving scheduled on May 12th. There is no ignoring the fact that, post 12th May, BTC’s inflation rate will be reduced by 50%, as mining rewards will be cut into half, and supply will also slow down. However, what this could essentially trigger is a bull run, as the demands will try to cope up with the reduced supply. 

Whatever be it, it is fair to say that the focus has now shifted from altcoins to Bitcoin, and the crypto community is eagerly awaiting the halving event. Let’s see how the BTC market reacts. We will keep you posted. 

Learn About the Bitcoin Market

Bitcoin is the digital currency used to purchase a wide variety of goods and services worldwide. It works just like paper money, but there are important differences between the two. Bitcoin also exists in physical form but is available in a digital way. This is the main form of online trading in portfolio software or other online services. Bitcoins can be obtained by mining or exchanging different types of money or even certain goods and services.

Bitcoin market

The Bitcoin market is the market in which Bitcoins are traded. If you have bitcoins, you can use them to purchase almost anything for which this currency is accepted. There are some types of transactions for which bitcoins are the only generally accepted payment method. To buy this specific asset, bitcoins must complete the transaction.

When you enter the Bitcoin market, you must first learn how to buy Bitcoin. The first way is to buy them. In this way, it takes little effort. The second way is to take advantage of this. It is used on software that performs certain mathematical equations for which the dealer is rewarded with bitcoin. It takes time, and many retailers claim that it contains a small portion of fruit.

Bitcoin purchase process

To be part of the Bitcoin market, wallet software is required. You can also get online service. Online bitcoin-treasure.com wallet services are available in all major countries, so you can easily set up your wallet account.

In order to buy, you need to link your wallet to your bank account. Depending on the portfolio service, it may take several days.

Once your bank account is linked, a purchase of a Bitcoin link will be displayed in the software window. It will be easy. Once the transaction is complete, the bitcoins are transferred to your wallet.

The Bitcoin market operates according to the same strategies as all other types of trading markets. If the price of bitcoins is low, this is a signal to buy them. If the price goes up, you can sell them profitably.

Mining can be difficult, but all operators have yet to try it from time to time. It’s a little slow, so you have to be patient. You need Bitcoin mining software. There are even mining pools. Simply decode a block with the joint effort of a mining group. You will then receive bitcoins based on your contribution.

Note that the bitcoin value increases and decreases in seconds. If you don’t make the right choice at the right time, you can lose a significant part of your investment. The good thing is that you can make a lot of profit from this form of trading if you understand the basics perfectly.

Tencent launches Blockchain Accelerator to Drive Blockchain Adoption in China

Chinese Internet company Tencent has launched a blockchain accelerator to help 30 startups in the implementation of blockchain in various industrial aspects.

Chinese Internet giant and operator of famous social media app WeChat, Tencent is all set to launch a blockchain accelerator. Tencent on its website officially confirmed the news. According to it, the “Tencent Industrial Accelerator” is ready to accelerate 30 startups irrespective of whether they are just starting up or matured. The only pre-requisite is that the applying startups must have at least one prior financial round. Tencent is accepting applications until the 6th of June. The application cost around 100,000 RMB, which amounts to just about $14,000. 

The announcement stated, “Tencent Blockchain Accelerator is an important part of Tencent Industrial Accelerator. By integrating global blockchain industry resources and linking excellent blockchain companies, a multi-dimensional service platform based on technology, scenarios, business opportunities, and capital is created to achieve strategic planning. All-round acceleration to the implementation of applications, jointly promote the independent innovation of blockchain technology, help the application of technical applications to the industrial scene, and jointly build an industrial prosperity ecology.”

Some of the areas on which the accelerator will focus are industrial blockchain solutions and blockchain applications for data sharing, supply chain financing, digital asset transactions, government affairs, energy, education, logistics, manufacturing, agriculture, and public welfare.

All the selected applicants will have access to one entire year of mentorship, along with Tencent’s blockchain-as-a-service platform. Moreover, they will also be presented with industry networking and business opportunities. 

 

German Blockchain-based Startup Gapless Secured $5.5M

Blockchain-based vehicle management developer Gapless has brought Porsche on board to lead its $5.5 million funding round. 

German startup Gapless which focuses on blockchain-based vehicle management systems is executing a $5.9 million funding round, and automobile giant Porsche is participating in it. According to the reports, other participants include FinLab EOS VC Fund and insurance entrepreneur Kersten Jodexnis. Gapless intends to use the fresh capital to further develop its blockchain-based application that is aimed to enable users to record a complete history of vehicles. It also plans to expand and increase its existing customer base. As of now, the firm has as many as 50,000 users on its platform. 

Futuristic Technology

In an interview with the blockchain news publication Cointelegraph, a Porsche spokesperson claimed that the company is constantly monitoring new technologies and finding ways to implement those into Porsche, in a quest to further enhance user experience. Porsche made a statement, “We evaluated and piloted several blockchain-based solutions. Blockchain can be a potential benefit for any trust-based interactions that require a decentralized approach.”

On the other hand, Stefan Schütze, Managing Director of the FinLab EOS VC Fund commented, “We are pleased to welcome Gapless as a new investment in our portfolio. Gapless shows how blockchain technology can change services from the ground up – and always thinks from the user’s perspective.” 

Blockchain Technology in Automobile Industry

Off late, a number of vehicle manufacturers have been adopting blockchain to track the life cycle of automobiles and improving driver experience. Recently, Indian blockchain firm Smart Sight Innovation introduced a blockchain-based application that helps to track maintenance data of vehicles.

Moreover, General Motors also filed a patent application for its blockchain-based real-time updatable navigation system. BMW is also planning to launch its blockchain-based supply chain system by the end of this year. 

SBI Holdings Partners with SMFG to Offer Digital Banking Services

Major Japanese financial organization, Sumitomo Mitsui Financial Group is collaborating with SBI Holdings to enhance its digital footprint in the country. 

According to the latest reports, the Sumitomo Mitsui Financial Group (SMFG) is collaborating with SBI Holdings to introduce a digital banking system accessible from smartphones. This is a part of a multimillion-dollar agreement, that is expected to materialize bu next week. 

The deal will provide SMFG with a 20% equity stake in SBI subsidiary Neomobile Securities, against which, it will give $1 billion to SBI. The fund will be used to invest in companies involved in digital technology in sectors like blockchain, fintech, and 5G. This deal is expected to help SMFG utilize SBI’s heavy footprint in the online trading space in Japan. 

However, it will be pretty beneficial to both the entities, as SBi will be able to boost face-to-face consultations to its digital services, and SMFG stands a chance to ramp up its digital offerings. Moreover, SBI and SMFG are planning to establish their digital foothold in Japan, by collaborating with companies working in the digital space.

SBI has already partnered with local banks like Shimane Bank, Fukushima Bank, and Chikuho Bank. SBI is also looking forward to setting up a new company that will offer fintech and common system services to regional banks. SMFG is also investing in this venture, as a part of the latest deal. 

SBI already has close ties with Ripple. So much so, that it plans to offer shareholder dividends in XRP tokens. In fact, SBI CEO, Yoshitaka Kitao is one of Ripple’s board of directors.

Crypto exchanges and firms in Japan are expected to face some regulatory hurdles in the near future, especially after the Japan House of Representatives have amended the Payment Services Act and Financial Instruments and Exchange Act to enforce stricter crypto regulations in the country. Both these acts are scheduled to take effect from May 1.