Overstock to Offer Bitcoin for Sale After Acquiring
Overstock to Offer Bitcoin for Sale After Acquiring
Overstock's bitcoin mix-up serves as a warning to other
Overstock Shareholders Compete to Lead Class Against tZERO
Overstock.com +5% after Bitcoin wakes up (NASDAQ:OSTK
Bitcoin craziness spreads to Overstock, Square | FOX 2
Why I Think Wanchain Is An Incredible Long-term Investment
DISCLAIMER: I am in no way associated with the Wanchain team. Neither am I a financial advisor, nor is this meant to be financial advice. Whatever follows, just reflects my understanding of the project, and my personal opinion on its future outlook. The objective of this post is to lay out, in simple terms, what Wanchain is, and why I think Wanchain’s native coin, Wancoin, could be one of the best cryptocurrencies to hold, not just through the coming months, but years. So, let’s dive into it! WHAT IS WANCHAIN? Wanchain’s vision is rebuilding financial services. Wanchain is a global financial platform that connects, and exchanges value between different blockchains. Simply put, Wanchain is a ‘decentralized’ version of traditional banks in the current and future financial landscape. WHY DO WE NEED WANCHAIN? We are living in times of a major digital transformation, a time where digital assets are entering the financial ecosystem at an unprecedented rate. As the adoption of digital assets is increasing, we are witnessing an appreciation in the value of these assets. This necessitates the existence of a ‘digital bridge’ to transfer value, in the form of digital currencies and/or assets, between different blockchains. HOW IS WANCHAIN ACHIEVING THIS? Wanchain’s distributed ledger allows:
Cross-Chain Asset Transfer: Asset transfers would be possible across major blockchains, such as Bitcoin and Ethereum, as well as across consortium blockchains developed based on Wanchain protocol. Community developers can create independent services. Any blockchain — private, public, or a consortium chain — can integrate with Wanchain to establish connections between different ledgers and perform low cost inter-ledger asset transfers. The protocol also ensures stability and security of all cross-chain transfers.
Transaction Privacy Protection: Wanchain protocol provides the option to execute private transactions, similar to those provided on privacy coin platforms, based on one-time addresses and ring signatures. Wanchain also allows digital asset holders to remain anonymous on its protocol.
Functional Extensibility: Wanchain protocol allows credit and lending facilities, for businesses and individuals, for different digital currencies. Also, once consortium blockchains are integrated into Wanchain protocol, it also allows the issuance and trading of brand new digital assets.
Complex Application Support: Community developers can develop more complicated applications based on smart contract and universal protocols. The intra-chain and cross-chain connections provide more options for further application development.
WHY I THINK WANCHAIN COULD BE ONE OF THE BEST LONG-TERM HOLDS IN THE COMING YEARS?
Wanchain’s association with Factom gives a deep sense of confidence in what Wanchain can achieve over the coming years. Wanchain was envisioned by the Chinese firm Wanglu Tech, founded by Jack Lu, who was also the Co-founder and CTO of Factom: a blockchain technology firm that has developed ways to use the blockchain to keep records and identities more secure. As of this writing, Factom is valued at about $560 million, has partnerships with several corporations, including Smartrac, Rongdu Technology, iSoftStone, and Netki, and blockchain firms like ShapeShift, Tether, and Synero. Factom’s investors include Fenbushi Capital, Draper Associates, Bill Gates, Stewart Title, Overstock, Harvest Partners, The Department Of Homeland Security, and the Honduran Government. Three of Wanchain’s current team members, and one advisor, David A. Johnston, have previously worked with Factom. It is worth noting here that, as of this writing, Factom’s market capitalization in USD terms has increased more than 43 000% (430x, if you like!) in just over 2 years since it started.
Wanchain = Ethereum + Ripple + Monero + Chainlink, all in one, and in a lot of ways, better! First of all, Wanchain is a hard-fork of Ethereum, but will be Proof-Of-Stake (PoS) implemented (after mainnet launch), allowing it to scale better. Secondly, Wanchain is commonly labelled as the ‘Chinese Ripple’, however, Wanchain is much more decentralized than Ripple, truly representing what a ‘distributed’ super financial market should be like. Thirdly, Wanchain has Monero-style privacy features allowing the generation of new one-time addresses for each transaction, with ring signatures, keeping transactions private, and digital asset holders anonymous. And finally, just like Chainlink uses blockchain middleware to allow smart contracts on various networks to connect with critical external resources and data feeds, Wanchain protocol seamlessly connects blockchain networks together, recording cross-chain and intra-chain transactions.
Wanchain has a stellar team with some of the brightest minds in blockchain technology and cryptography. Wanchain has 23 team members and 11 advisors, ranging across all domains of their business. The team comprises of three PhDs with applied mathematics degrees, and highly experienced software engineers, cryptographers, computer scientists, financial experts and media and community managers. The team has rich commercial expertise and resources in countries such as China, the U.S. and Singapore. The amount of words needed to do justice to the width and depth of experience and competence of Wanchain’s team would turn this blog post into a lengthy article. But the bottom line is, it is rare to find such a strong team in global blockchain projects.
In November 2017, Wanchain formally entered the Blockchain Interoperability Alliance (IOA) with ICON and Aion, with a common goal of promoting interconnectivity between the isolated blockchain networks, through joint research and collaboration. ICON is an interconnecting blockchain network that connects independent blockchains without additional intermediaries. Aion aims to become the common protocol used for these blockchains, enabling more efficient and decentralized systems to be built. This partnership is monumental, and means that Wanchain would be able to utilize synergies outside its ecosystem to be able to achieve its objectives globally.
Wanchain is racing down its roadmap! Theoretical proof for token privacy protection of smart contracts based on one-time addresses and ring signatures was completed in 2016, and the Proof-Of-Concept (PoC) was completed at the beginning of 2017. At the beginning of 2017, Wanchain completed the design of the cross-chain transaction mechanism and the cryptographic technology. Wanchain Alpha was released and tested in October 2017. The Beta platform was released in December 2017, and is still under testing as of this writing. Wanchain mainnet launch, Wanchain 1.0, is scheduled for January 2018, and is going to be just the start of numerous developments to follow.
The extremely high public interest in Wanchain, since its Initial Coin Offering (ICO) in October 2017, reflects investor confidence in the project. The public token sale on 4th October 2017 was one of the quickest ICO sell-outs in the history, being completely sold out in less than a minute. Several investors were unable to contribute to the token sale despite sending their transactions within the first minute of the token sale. Such was the magnitude of demand despite the fact that China, U.S. and South Korea were not allowed to participate in the ICO. Therefore, the unmet demand for Wancoins is enormous, and expected to be in wait when Wancoin trading goes live.
And finally, let us commit the sin of speculation. Wanchain’s market cap at ICO was about $36 million, with a price of $0.34/WAN. Ripple’s market cap, as of this writing, is about $120 billion. If Wanchain manages to capture JUST 10% of Ripple’s market cap, i.e. $12 billion, with a circulating supply of 107 million coins, it would mean a price of about $112, that is about 33 000% increase (330x) from the ICO price in USD. Personally, I think Wanchain could go well beyond that over the coming years. But beware, this is just speculation, not meant to be a quantitative analysis in any way, but just to get a qualitative understanding of what Wanchain’s upside potential is.
To put it in a few words, Wanchain is a very ambitious and potentially disruptive project, aiming to become a super financial market of the world. The project has some of the brightest minds in the business working behind it. Wanchain is solving a real world problem and has an immensely vital use case. I have complete confidence that Wanchain could easily be one of the top 15 cryptocurrencies by market cap by the end of 2018, and it would continue to grow even beyond that. Therefore, I believe holding Wancoins would be a great long-term investment. Full disclosure: I am invested in Wanchain for the long-term, and I plan to buy more when Wancoin trading goes live. Hackernoon blog post:https://hackernoon.com/why-i-think-wanchain-is-an-incredible-long-term-investment-86b9d0d6eb6c
Product on Schedule, Game of Coins, New Website - Swarm Newsletter Jan 8 Update
Happy New Year! The Swarm Team is starting off 2018 with a bang! The markets are hot, our product is almost ripe, and we're feeling solid going into the new year. Two themes for us this week at Swarm were AI and the SWM token. The Distressed Real Estate fund that will launch with our platform uses AI to identify the optimal opportunities for purchase. Other funds in the pipeline use AI to make smarter trading decisions, learning from signals in trading and from places like influencer Twitter feeds. Where Swarm opens up opportunities once available only to a select few, AI is what really drives the economy - recommending and making decisions faster and better than any middleman could. And the Swarm token, SWM, is the the essential element which powers this whole ecosystem. Look for a blog post from us this week detailing our plan to maximize the utility of the SWM token. Hint - it's gonna be a gas! Product On Schedule Version 0.6 of the Swarm Platform was delivered this past Friday, a day ahead of schedule. Account creation, funding, review and allocation to individual funds are all coming together. Props to our friends on our Telegram channel for asking about v0.6, and sorry it was only an internal release! But we are excited to demo the platform on stage at the North America Bitcoin Conference in Miami next week and give a sneak peak! We remain on schedule for the public release of the MVP (v 0.61) of the platform on January 29. Game of Coins @ CES Philipp & Chris attended CES on Tuesday. Once a consumer electronics show to see the latest gadgets, CES has become a place where emerging technologies are discussed and announced. And yes, there are still the cool gadgets too. Brandchannel reached out to get Swarm's take on crypto @CES. Read the interview here! On Tuesday, January 9th, Swarm CEO Philipp Pieper was on the Game of Coins panel at the CES Digital Money Forum. The panel is comprised of top industry leaders: Ripple's Brad Garlinghouse, Civic's Vinny Lingham, Overstock CEO Patrick Byrne, and Bill Shihara of Bittrex Exchange. Watch the panel on YouTube! Our New Website Hit refresh! The new Swarm.fund site goes live soon. We've redesigned the site with a look, feel, and content structure to support the launch of The Swarm Portal at the end of this month. Our core focus remains on the product, so some sections of the site are designed to grow over time, but we hope you like what we've done with the place, and we welcome your feedback on how it can be improved! This Week in the News Swarm Fund’s Philipp Pieper to Speak at The Digital Money Forum at CES 2018’s “Cryptocurrency: A Volatile Game of Coins" Press Release Jan 05, 2018 Business Wire Cryptocurrency at CES: 5 Questions With Swarm Fund CEO Philipp Pieper Interview Jan 05, 2018 BrandChannel We hope your year so far has been as fun and inspiring as it has been for us here at Swarm, and will continue to bring you true health and happiness. Sincerely, Your friends at Swarm Fund
Merchants Accepting Bitcoin - Building Confidence First - The Adoption Rate Comes
It is clear the adoption rate of Bitcoin is improving but the reality is confidence lacks in Bitcoin as a currency. Headlines that read "BitPay Reveals it Paid ESPN Bitcoin for Bowl Game Sponsorship" are exciting to read and hear about but really, if ESPN spun the BTC to USD within minutes of accepting it, did they really accept Bitcoin or just the equivalent in USD? This is only news if ESPN was accepting Bitcoin and USING Bitcoin. If I was offered 1,000 Bitcoin for my $500,000.00 USD house I would simply call BitPay and say "If I give you 1,000 Bitcoin right now, how much will I get in USD?"... they will say.. "today, right now, at this minute, you will get USD $496,000.00" If I was offered a qty of Ferrari's for my house I would call the dealer and say, what are these worth today and will you pay me USD cash in my jeans for them right now? Does this mean I accept Bitcoin? Does this mean Im a Bitcoin Merchant? The answer is obvious and that is the state of MOST of these transactions getting press. There are exceptions like Overstock, Blockchain and a few diehards. Primarily the growth in Bitcoin will come from Merchants who ACCEPT and USE Bitcoin. The key here is USE. Using Bitcoin will expand the network, increase confidence and provide a more stable price. The only companies benefiting from Bitcoin are exchanges, ATM operators and Trading Platforms. Not a good foundation for growth. If you know a company accepting Bitcoin list them on our Twitter feed and we will put them on our Twitter List for consumers and other Merchants to see. This Twitter real-time activity can foster growth as it allows Merchants to see other merchants by their PRODUCTS and not just a company name. This will lead to a Merchant using the Bitcoin they just accepted to purchase something from another Merchant immediately instead of doing the FIAT conversion. Please have a look https://twitter.com/accept_bitcoin Here is the format PRODUCT : COMPANY NAME : URL : COUNTRY : @Twitter / Facebook - Accept #Bitcoin #BitcoinMerchants Here is sample of one posted Pub & Good Food : Durty Nellys Pub : durtynellys.ca : Canada : @DurtyNellysPub - Accept #Bitcoin #BitcoinMerchants Post on this Twitter feed as many PRODUCTS and as often as you wish, the more the better. I appreciate the input from the Reddit Community, Thanks and good luck to all.
Saw the price took a dive. Came here looking for the great news that caused it :)
My theory about the inverse price to good news relationship, for those who care, is that the infrastructure has progressed aggressively but is very one-sided. It's far far easier to get out of Bitcoin than into it. I saw another post mention something similar recently. But in this environment more merchants like Overstock and payment acceptance services like Bitpay growing incredibly fast simply puts downward pressure on the price. It's like having a small stream feed into a huge lake with a waterfall. And the only big thing to make the stream bigger is Circle. Which I hear is great!... but it's also not available. I think the Winklevoss ETF and Circle will be the next stage for price increase. But honestly I don't see why the price would turn around until getting into the currency is as easy as getting out. Still crossing my fingers for open bazaar as well. If people sell for lower prices, not to mention the lack of fees, then the value of the currency will grow in response. The problem is that it needs a huge network to be valuable, and to get a huge network it needs to be valuable lol. Very much like the start of Bitcoin, OpenBazaar won't blow up overnight. BUT, if we all put one thing up for sell on OpenBazaar, maybe we can kick start the marketplace a little. Tor integration wouldn't hurt either ;)
Overstock.com (NASDAQ:OSTK) is up 5.12% in premarket action after Bitcoin shot higher to briefly crack the $5K mark again. The Bitcoin rally is being attributed by analysts to resistance at the $4.2K Overstock will then use ShapeShift to convert the cryptocurrencies to Bitcoin. They are accepting bitcoin. Shapeshift is accepting your altcoins, for a fee. The "big" development here is overstock put shapeshift directly on the site. Overstock is still stocking up on the real bitcoin. Sorry guise. Overstock’s tZERO Project Created to Be Used Against Short Sellers. The investors filed motions earlier this week in an effort to consolidate the five cases against Overstock and the appointment of a lead class counsel. So far, eight parties shared their intentions to lead the suit, including Cohen Milstein Sellers & Toll PLLC, Levi & Korsinsky LLP, Pomerantz LLP, Bernstein Liebhard LLP IPFS News Link • Bitcoin Overstock to Offer Bitcoin for Sale After Acquiring Bitsy.com Biometric Wallet 09-15-2018 • https://news.bitcoin.com, C. Edward Kelso . The Crypto Winter, assuming it ends at some point, might be best defined by what companies in the space did to prepare for the future, to consolidate and increase relative positions as others retreated. News that Square is dabbling in bitcoin sparked a frenzy that lifted the company’s stock by 24% in the span of 10 calendar days. The bitcoin pop proved fleeting for Square though.
Today in Bitcoin News Podcast (2017-12-01) - Bitcoin Futures Dec 18 - Overstock & Square Rise too
Overstock.com CEO, Patrick M. Byrne, Discusses Overstock.com Accepting Bitcoin on FOX Business - Duration: 4 minutes, 53 seconds. Overstock Newsroom 5 years ago Today in Bitcoin News Podcast (2017-12-01) - Bitcoin Futures Dec 18 - Overstock & Square Rise too World Crypto Network. ... Bitcoin craziness spreads to Overstock, Square - Nov. 30, 2017 VICE News spent time with Byrne at a party in Miami, at Overstock headquarters in Utah, and at his secretive ski chalet to find out why he's betting big on the technology behind bitcoin. Subscribe ... Overstock.com CEO Patrick Byrne on the online retailer's blockchain business. ... Why the Overstock CEO is a fan of bitcoin - Duration: ... VICE News 71,036 views. Overstock.com CEO Patrick Byrne discusses his outlook for bitcoin and holiday shopping. Overstock.com CEO Patrick Byrne discusses his outlook for bitcoin and holiday shopping. ... VICE News 71,098 ...