📈 Raven Protocol In-Depth Review & Rating is online!
▶️ Read the full review at the following link: http://tiny.cc/z75x8y
Raven Protocol aims to bring a democratic and crowd-sourced infrastructure to the world of Artificial Intelligence (AI) and Machine Learning (ML) that effectively trains deep neural networks. Raven acts as a decentralized and distributed deep-learning training protocol which provides both time and cost efficient training of deep neural networks by utilizing the idle compute resources of users on the network. The team aim to disrupt the sector by placing control of both AI and ML in the hands of the greater community and eat into the market dominance currently displayed by large centralised operators such as Amazon, Facebook, and Google.
Raven also focuses on compute resources to speed up AI training, and its foundational layer allows machine learning algorithms to interact with massive datasets which results in more efficient AI training models.
✅ Review Rating ✅
Product | 80%
Use of Blockchain | 100%
Documentation | 80%
Development Roadmap | 75%
Business Model | 75%
Company & Team | 75%
Token Sale | 85%
Final Rating | 81%
While almost all blockchain projects set out to be disruptive, Raven Protocol is operating in one of the more niche sectors of the blockchain economy. However, AI and ML are emerging and lucrative market segments that are expected to grow significantly in importance and value over the coming years. In addition, while there are a number of projects dealing in AI, ML, and/or distributed computing Raven doesn’t have a large number of competing projects that are trying to present exactly the same solutions. The team is also filled with specialists and all four team members are co-founders at either Rocco AI or Mate Labs which handle AI powered social media solutions and ML integrated solutions for non developers. The Raven team and Sherman Lee in particular are quite well regarded despite their relative youth.
However, while the team have already forged working relationships at Rocco AI and Mate Labs, it is still extremely small with just four members working in a distributed manner. As Raven will be operating a traditional IaaS (Infrastructure as a Service) business they will have to go up against Amazon AWS and Google’s Cloud services and develop a viable cheap alternative that they must market aggressively to stay alive. The team have a healthy amount of time to develop their user base as their private beta launch is set for Q1 of 2020, with the public beta launch scheduled to take place in Q2 of 2020. This is a while away and will also leave the Raven token open to pure speculation until next year, and the team are still to confirm when their mainnet could launch.
As a result, it’s still early days for Raven and the project needs to develop in a variety of ways over the next six to nine months. Team expansion, ecosystem and user base development are all a must, however, the talented team, VC presence, and sensible valuation of just $1.25m should help to buy the project some time in the eyes of the community. As ever, the Raven token could fluctuate with the ebbs and flows of speculation in the short term, while more long term supporters should keep an eye on how the team progress over the year.
▶️ Read the full review at the following link: http://tiny.cc/z75x8y
Raven Protocol aims to bring a democratic and crowd-sourced infrastructure to the world of Artificial Intelligence (AI) and Machine Learning (ML) that effectively trains deep neural networks. Raven acts as a decentralized and distributed deep-learning training protocol which provides both time and cost efficient training of deep neural networks by utilizing the idle compute resources of users on the network. The team aim to disrupt the sector by placing control of both AI and ML in the hands of the greater community and eat into the market dominance currently displayed by large centralised operators such as Amazon, Facebook, and Google.
Raven also focuses on compute resources to speed up AI training, and its foundational layer allows machine learning algorithms to interact with massive datasets which results in more efficient AI training models.
✅ Review Rating ✅
Product | 80%
Use of Blockchain | 100%
Documentation | 80%
Development Roadmap | 75%
Business Model | 75%
Company & Team | 75%
Token Sale | 85%
Final Rating | 81%
While almost all blockchain projects set out to be disruptive, Raven Protocol is operating in one of the more niche sectors of the blockchain economy. However, AI and ML are emerging and lucrative market segments that are expected to grow significantly in importance and value over the coming years. In addition, while there are a number of projects dealing in AI, ML, and/or distributed computing Raven doesn’t have a large number of competing projects that are trying to present exactly the same solutions. The team is also filled with specialists and all four team members are co-founders at either Rocco AI or Mate Labs which handle AI powered social media solutions and ML integrated solutions for non developers. The Raven team and Sherman Lee in particular are quite well regarded despite their relative youth.
However, while the team have already forged working relationships at Rocco AI and Mate Labs, it is still extremely small with just four members working in a distributed manner. As Raven will be operating a traditional IaaS (Infrastructure as a Service) business they will have to go up against Amazon AWS and Google’s Cloud services and develop a viable cheap alternative that they must market aggressively to stay alive. The team have a healthy amount of time to develop their user base as their private beta launch is set for Q1 of 2020, with the public beta launch scheduled to take place in Q2 of 2020. This is a while away and will also leave the Raven token open to pure speculation until next year, and the team are still to confirm when their mainnet could launch.
As a result, it’s still early days for Raven and the project needs to develop in a variety of ways over the next six to nine months. Team expansion, ecosystem and user base development are all a must, however, the talented team, VC presence, and sensible valuation of just $1.25m should help to buy the project some time in the eyes of the community. As ever, the Raven token could fluctuate with the ebbs and flows of speculation in the short term, while more long term supporters should keep an eye on how the team progress over the year.
CryptoCalibur
Review of Raven Protocol: Decentralized Deep-Learning Training Protocol
Raven Protocol aims to bring a democratic and crowd-sourced infrastructure to the world of Artificial Intelligence (AI) and Machine Learning (ML)...
Upcoming ask me anything session with Dusk Network!
The AMA will take place on June 30th, 2019 from 15:00 to 16:00 UTC in our Chat Room. Add the event to your calendar and make sure you prepare your questions beforehand.
This AMA will give you the opportunity to connect with Dusk Network’s team who will answer your questions and listen to your feedback.
-----------------------------------------------
🕞 COUNTDOWN 🕞
The AMA will take place in our Chat Room: @cryptocaliburchat
The AMA will take place on June 30th, 2019 from 15:00 to 16:00 UTC in our Chat Room. Add the event to your calendar and make sure you prepare your questions beforehand.
This AMA will give you the opportunity to connect with Dusk Network’s team who will answer your questions and listen to your feedback.
-----------------------------------------------
🕞 COUNTDOWN 🕞
The AMA will take place in our Chat Room: @cryptocaliburchat
📢 Dusk Network AMA will begin in 2 hours! Stay tuned and prepare your questions
🗞 Insider Newsletter #3 | June 30th, 2019 🗞
In our previous newsletter, we highlighted areas for taking profits on BTC in expectation of a correction. Right after hitting the $13,008 swing high from January 2018 we immediately closed the daily below it and posted a swing failure pattern which drove the price down about 20%.
Let’s analyze a fractal from the end of the last bear market in 2015, and see if we can get any correlation between what’s happening now and what happened back then. Read more...
In The Spotlight
💳 Amazon-Owned Twitch Quietly Brings Back Bitcoin Payments
🇮🇳 India: Another Crypto Exchange Closes Due to Regulatory Pressure
🏦 Goldman Sachs Explores Creating a Digital Coin Like JPMorgan’s
💰 Ethereum Co-Founder’s Polkadot Closes Token Sale, Claims $1.2 Billion Valuation
✅ CFTC Approves LedgerX to Settle Futures in Real Bitcoin
⚠️ Hackers Spoof Blockchain.com and Steal Millions in Crypto
🐳 Billionaire Investor Henry Kravis Makes First Crypto Investment
With Bitcoin continuing its uptrend, the wind of growth has once again placed the crypto-space into the spotlight, but this time a different light has shined. With the last growth period incorporating a significant push from the retail standpoint, this time it seems like institutional players are stepping into the space, driving not only a growth to over $300 billion in total market cap, but also attracting a number of solutions that focus on bringing the much needed adoption, with tech giants such as Facebook launching their own cryptocurrency network to act as a global payment solution. Others such as Square are taking a more bold approach by developing their own network, Square Crypto, on top of Bitcoin and even solutions derived within the space such as the novel xDai project that has taken the adoption scene recently, by leveraging the powerful MakerDAO protocol and the Dai stablecoin for payments, have harnessed a lot of attention.
The regulators have been quick to take note and with the recently released official statements that have opposed the Libra network and the FATF decision regarding data handling by exchanges, points to a clear direction from official direction to halt this recent boom, as a desperate measure to content the phenomenon until a clear set of global guidelines and regulations can be developed.
Not wanting to step on the sidelines and wait for the regulatory bodies, big financial institutions such as JP Morgan and recently Goldman Sachs, who have disregarded cryptocurrencies as mere Internet money, have stepped to build their own networks with stablecoins and to foster yet another round of adoption towards the space.
While the battle unfolds, EU banks have forged a backup plan to launch an instant cross payment system to counteract the recent threat that blockchain networks with a large user pool such as Facebook’s Libra might pose. The plan is to implement this by 2020, along the same deadline as the competitors, but it remains to be seen if the effort will be enough to overcome the recent boom.
For now it seems the adoption phase that has just unfolded, is here to stay, along with the efforts of institutions to create borderless payment systems for the new decentralized economy.
CryptoCalibur Weekly Wrap-Up
📢 Had Cubiex over in our Chat Room for an AMA session | Recap
😍 Prometeus In-Depth Review | Scored 79%
🔥 Raven Network In-Depth Review | Scored 81%
In our previous newsletter, we highlighted areas for taking profits on BTC in expectation of a correction. Right after hitting the $13,008 swing high from January 2018 we immediately closed the daily below it and posted a swing failure pattern which drove the price down about 20%.
Let’s analyze a fractal from the end of the last bear market in 2015, and see if we can get any correlation between what’s happening now and what happened back then. Read more...
In The Spotlight
💳 Amazon-Owned Twitch Quietly Brings Back Bitcoin Payments
🇮🇳 India: Another Crypto Exchange Closes Due to Regulatory Pressure
🏦 Goldman Sachs Explores Creating a Digital Coin Like JPMorgan’s
💰 Ethereum Co-Founder’s Polkadot Closes Token Sale, Claims $1.2 Billion Valuation
✅ CFTC Approves LedgerX to Settle Futures in Real Bitcoin
⚠️ Hackers Spoof Blockchain.com and Steal Millions in Crypto
🐳 Billionaire Investor Henry Kravis Makes First Crypto Investment
With Bitcoin continuing its uptrend, the wind of growth has once again placed the crypto-space into the spotlight, but this time a different light has shined. With the last growth period incorporating a significant push from the retail standpoint, this time it seems like institutional players are stepping into the space, driving not only a growth to over $300 billion in total market cap, but also attracting a number of solutions that focus on bringing the much needed adoption, with tech giants such as Facebook launching their own cryptocurrency network to act as a global payment solution. Others such as Square are taking a more bold approach by developing their own network, Square Crypto, on top of Bitcoin and even solutions derived within the space such as the novel xDai project that has taken the adoption scene recently, by leveraging the powerful MakerDAO protocol and the Dai stablecoin for payments, have harnessed a lot of attention.
The regulators have been quick to take note and with the recently released official statements that have opposed the Libra network and the FATF decision regarding data handling by exchanges, points to a clear direction from official direction to halt this recent boom, as a desperate measure to content the phenomenon until a clear set of global guidelines and regulations can be developed.
Not wanting to step on the sidelines and wait for the regulatory bodies, big financial institutions such as JP Morgan and recently Goldman Sachs, who have disregarded cryptocurrencies as mere Internet money, have stepped to build their own networks with stablecoins and to foster yet another round of adoption towards the space.
While the battle unfolds, EU banks have forged a backup plan to launch an instant cross payment system to counteract the recent threat that blockchain networks with a large user pool such as Facebook’s Libra might pose. The plan is to implement this by 2020, along the same deadline as the competitors, but it remains to be seen if the effort will be enough to overcome the recent boom.
For now it seems the adoption phase that has just unfolded, is here to stay, along with the efforts of institutions to create borderless payment systems for the new decentralized economy.
CryptoCalibur Weekly Wrap-Up
📢 Had Cubiex over in our Chat Room for an AMA session | Recap
😍 Prometeus In-Depth Review | Scored 79%
🔥 Raven Network In-Depth Review | Scored 81%
Recap of the Dusk Network AMA Session from the 30th of June, 2019
Stay informed!
➡️ Click for Recap ⬅️
Stay informed!
➡️ Click for Recap ⬅️
🔴 NEW PROJECT ON OUR RADAR 🔴
https://ftx.com
Telegram: ?
CryptoCalibur Interest Level: 🔥 HIGH 🔥
Listing: July 29th, 2019 (FTX is planning to list FTT around $0.65 to $0.90, depending on market conditions. Exploring FTT listings on other exchanges too.)
- For Those Interested to Invest -
FTX is a crypto derivatives exchange that offers Futures, Leveraged Tokens, and OTC. Developed by Alameda Research (one of the largest crypto market makers and liquidity providers in the space), FTX is an exchange built by traders, for traders. The team pledges to build the best derivatives exchange by 1) addressing the largest pain points of top futures exchanges (system overloads, clawbacks, lack of liquidity, and poorly designed products), 2) innovating new products to realize the evolving needs of the market and 3) rapidly implementing feedback from our community.
Token Utility (ERC20)
▪️ 1/3 of fees used to burn supply until 50% reduction
▪️ Used for Collateral - creates a lock-up that grows w/adoption
▪️ Discount on fees for holders
▪️ OTC rebates for large holders
▪️ OTC fee burn - reduces supply (this one is not stated as limited like the first burn line)
▪️ Income - profit share of money made on their insurance fund
▪️ Future - future utility is promised, but mostly undefined
Future Growth
▪️ Prediction markets
▪️ Mobile apps
▪️ Options
▪️ OTC derivatives
▪️ Spot and margin exchange
▪️ FTX has a good plan and path for growth. They have been approached for institutional partnerships and purchase, and have turned these down.
What We Like
✅ Wants to be a better BitMex, institutional grade; more liquidity than OKEx and BitMEX (except for the BitMex BTC perp)
✅ High experience team - traders, from wall street and tech industry
✅ Working product, with high liquidity, already trading $100M per day
✅ Team saw problems, asked for solutions from industry, got no action, decided to build their own
✅ Backed by Alameda Research crypto trading firm (trades $600M+ per day)
✅ Working OTC @ $30M daily volume from word-of-mouth; comprehensive and intuitive UI + API built for large volume accounts
✅ Will integrate this OTC into FTX futures exchange
✅ Strategy to end Clawbacks (socialized losses from leverage) with better system and insurance approach
✅ All trading flows through centralized collateral pool via universal stablecoin settlement. eg - one universal margin wallet
✅ A Big Idea - Leveraged Tokens
✅ Provide +/- 3x leveraged ERC20 tokens, very similar to what is found in traditional Stock Market
✅ Has a -1x USDT token for tether hedging - an excellent/needed product
✅ Development - claim fast development reactionary skills, can add multiple features per day
✅ Partnerships with TUSD and USDC, gives them ability to trade USD-><-to-><-stablecoin in size
This is not sponsored nor paid content. If we find a relatively under the radar project that we believe has potential we post about it.
https://ftx.com
Telegram: ?
CryptoCalibur Interest Level: 🔥 HIGH 🔥
Listing: July 29th, 2019 (FTX is planning to list FTT around $0.65 to $0.90, depending on market conditions. Exploring FTT listings on other exchanges too.)
- For Those Interested to Invest -
FTX is a crypto derivatives exchange that offers Futures, Leveraged Tokens, and OTC. Developed by Alameda Research (one of the largest crypto market makers and liquidity providers in the space), FTX is an exchange built by traders, for traders. The team pledges to build the best derivatives exchange by 1) addressing the largest pain points of top futures exchanges (system overloads, clawbacks, lack of liquidity, and poorly designed products), 2) innovating new products to realize the evolving needs of the market and 3) rapidly implementing feedback from our community.
Token Utility (ERC20)
▪️ 1/3 of fees used to burn supply until 50% reduction
▪️ Used for Collateral - creates a lock-up that grows w/adoption
▪️ Discount on fees for holders
▪️ OTC rebates for large holders
▪️ OTC fee burn - reduces supply (this one is not stated as limited like the first burn line)
▪️ Income - profit share of money made on their insurance fund
▪️ Future - future utility is promised, but mostly undefined
Future Growth
▪️ Prediction markets
▪️ Mobile apps
▪️ Options
▪️ OTC derivatives
▪️ Spot and margin exchange
▪️ FTX has a good plan and path for growth. They have been approached for institutional partnerships and purchase, and have turned these down.
What We Like
✅ Wants to be a better BitMex, institutional grade; more liquidity than OKEx and BitMEX (except for the BitMex BTC perp)
✅ High experience team - traders, from wall street and tech industry
✅ Working product, with high liquidity, already trading $100M per day
✅ Team saw problems, asked for solutions from industry, got no action, decided to build their own
✅ Backed by Alameda Research crypto trading firm (trades $600M+ per day)
✅ Working OTC @ $30M daily volume from word-of-mouth; comprehensive and intuitive UI + API built for large volume accounts
✅ Will integrate this OTC into FTX futures exchange
✅ Strategy to end Clawbacks (socialized losses from leverage) with better system and insurance approach
✅ All trading flows through centralized collateral pool via universal stablecoin settlement. eg - one universal margin wallet
✅ A Big Idea - Leveraged Tokens
✅ Provide +/- 3x leveraged ERC20 tokens, very similar to what is found in traditional Stock Market
✅ Has a -1x USDT token for tether hedging - an excellent/needed product
✅ Development - claim fast development reactionary skills, can add multiple features per day
✅ Partnerships with TUSD and USDC, gives them ability to trade USD-><-to-><-stablecoin in size
This is not sponsored nor paid content. If we find a relatively under the radar project that we believe has potential we post about it.
📈 Ultra In-Depth Review & Rating is online!
▶️ Read the full review at the following link: https://cryptocalibur.com/ultra-review/
Ultra is a Blockchain project that aims to create an ecosystem for games distribution with various game related 3rd party services. The project is targeting the PC-games market and wants to create a publishing platform (similar to Steam) as well as a marketplace. By doing so, Ultra wants to solve the problems of game distribution monopolies that occur due to more and more powerful “app” stores that charge high fees and in return provide no proper support for the game, especially when it comes to marketing. A good example here are the distribution platforms Steam and GOG which have established themselves so strongly within the market that they charge 30% of the revenue that is being generated only for being an intermediary and presenting the game to the established community.
✅ Review Rating ✅
Product | 80%
Use of Blockchain | 80%
Documentation | 85%
Development Roadmap | 80%
Business Model | 85%
Company & Team | 95%
Token Sale | 85%
Final Rating | 83%
Ultra’s product is already in development since quite a while and their closed test-net is running, but as of now none of this has been made public unfortunately – you can however sign up for a closed beta test. The goal is to create a broad ecosystem that will battle with game distribution platforms such as Steam and GOG for market share of gamers and developers. We like Ultra’s proposition here to take a much fairer cut than its competitors while simultaneously allowing a much wider range of features such as the reselling of games, the trading of items, and many more.
The project aims to do so by offering a hybrid solution of being partly centralized and partly decentralized. Ultra constructed a protocol that will allow the on-boarding of users that are not crypto savvy in order to attract a mass market. They want to develop an ecosystem in which users basically don’t need to interact with the underlying UOS currency despite it is being used for all the products and services on the platform. The construction of the UOS ecosystem is fairly complex but is meant to be in a work in a way that increasing usage of the platform equals an increase in token price. We are curious to see if this indeed will work out in the end.
Ultra’s business model is really comprehensive and offers various channels meant to create cash flow based on advertisements, game sale revenue shares, cryptocurrency conversion fees, and more. They are in possession of an existing business that is already serving a substantial amount of people with advertisements and crucial partnerships with well-known gaming corporations have been achieved already or are really close to be. Bitfinex for example officially invested and partnered with Ultra out of which we can assume that Ultra is going to list on Bitfinex, this is however not bulletproof.
The team as well as the advisory board are strong and have expertise within the gaming industry which gives us confidence. Furthermore, the team have been very transparent on all fronts and have changed the metrics massively since last year so that it suits all investors and stakeholders. Overall, Ultra is promising and offers a business model that can potentially disrupt current competitors in the space.
▶️ Read the full review at the following link: https://cryptocalibur.com/ultra-review/
Ultra is a Blockchain project that aims to create an ecosystem for games distribution with various game related 3rd party services. The project is targeting the PC-games market and wants to create a publishing platform (similar to Steam) as well as a marketplace. By doing so, Ultra wants to solve the problems of game distribution monopolies that occur due to more and more powerful “app” stores that charge high fees and in return provide no proper support for the game, especially when it comes to marketing. A good example here are the distribution platforms Steam and GOG which have established themselves so strongly within the market that they charge 30% of the revenue that is being generated only for being an intermediary and presenting the game to the established community.
✅ Review Rating ✅
Product | 80%
Use of Blockchain | 80%
Documentation | 85%
Development Roadmap | 80%
Business Model | 85%
Company & Team | 95%
Token Sale | 85%
Final Rating | 83%
Ultra’s product is already in development since quite a while and their closed test-net is running, but as of now none of this has been made public unfortunately – you can however sign up for a closed beta test. The goal is to create a broad ecosystem that will battle with game distribution platforms such as Steam and GOG for market share of gamers and developers. We like Ultra’s proposition here to take a much fairer cut than its competitors while simultaneously allowing a much wider range of features such as the reselling of games, the trading of items, and many more.
The project aims to do so by offering a hybrid solution of being partly centralized and partly decentralized. Ultra constructed a protocol that will allow the on-boarding of users that are not crypto savvy in order to attract a mass market. They want to develop an ecosystem in which users basically don’t need to interact with the underlying UOS currency despite it is being used for all the products and services on the platform. The construction of the UOS ecosystem is fairly complex but is meant to be in a work in a way that increasing usage of the platform equals an increase in token price. We are curious to see if this indeed will work out in the end.
Ultra’s business model is really comprehensive and offers various channels meant to create cash flow based on advertisements, game sale revenue shares, cryptocurrency conversion fees, and more. They are in possession of an existing business that is already serving a substantial amount of people with advertisements and crucial partnerships with well-known gaming corporations have been achieved already or are really close to be. Bitfinex for example officially invested and partnered with Ultra out of which we can assume that Ultra is going to list on Bitfinex, this is however not bulletproof.
The team as well as the advisory board are strong and have expertise within the gaming industry which gives us confidence. Furthermore, the team have been very transparent on all fronts and have changed the metrics massively since last year so that it suits all investors and stakeholders. Overall, Ultra is promising and offers a business model that can potentially disrupt current competitors in the space.
🗞 Insider Newsletter #4 | July 7th, 2019 🗞
This week’s technical analysis section will be pretty straightforward and simple to understand. We’re currently sandwiched between the local supply and demand areas. The blue range on the charts will represent the weekly range.
At the start of the week, Monday’s low was lost and then regained. Immediately after that, the price shot up into the H4 supply block that kept it down last week as well. After that, the high of the week was in, and we bounced the equilibrium (middle) of the weekly range, and we’re now hovering around a SR block. All the scenarios that can be made for the upcoming week strictly depend on which direction the price decides to leave the SR block. Read more...
In The Spotlight
🗒 G20 officially supports FATF’s crypto guidelines that require exchanges to share customer data
✅ TD Ameritrade-Backed ErisX Gets Green Light to Settle Futures in Bitcoin
💰 Blockchain Startups Raised $822 Million in H1 2019: New Report
📑 Binance Crypto Exchange to Launch Futures Contracts Soon
⛔️ FCA proposes ban on cryptocurrency products
🏦 ING Joins Stablecoin Development Project and Builds Privacy Upgrade Harnessing Blockchain
🇬🇧 UK Regulators Approve First Cryptocurrency Hedge Fund
⛓ Tether slowly migrating from the Bitcoin to Ethereum blockchain
The Development Continues
With the dust finally settling after the recent G20 summit, which saw the international forum stand beside the FATF cryptocurrency guidelines, we are seeing an increase in the amount of energy focused on blockchain technology and regulatory concerns, as the Financial Conduct Authority recently announced a proposal to ban financial instruments linked to digital cryptocurrencies, more and more pressure is put on the space from the authorities’ side. As the space gathers more clear boundaries, it also creates opportunities for institutional players to enter the arena, such as the recently announced ING Bank joint development of a stablecoin and privacy features on blockchain, and the first cryptocurrency hedge fund as a full-scope alternative investment fund manager.
The U.S. space has also seen a strong stance on the blockchain development of companies, such as the recent letter from members of the Congress, to halt the development of the Libra project. While this is only a minor setback in the vast space of blockchain, small countries such as Cuba want to endorse and research on the technology and its usecases, in order to mitigate the effects of the economic crisis within its national measures.
As more and more demand for payment services within the space appear, one of the oldest and most widely used stablecoin projects, Tether, started a process to migrate from the Bitcoin ecosystem to the Ethereum network, and has gathered a number of major exchanges to change their address to ERC-20, exchanges such as Binance and Poloniex, marking another step in the direction of adoption for the Ethereum protocol.
CryptoCalibur Weekly Wrap-Up
📢 Had Dusk Network over in our Chat Room for an AMA | Recap
This week’s technical analysis section will be pretty straightforward and simple to understand. We’re currently sandwiched between the local supply and demand areas. The blue range on the charts will represent the weekly range.
At the start of the week, Monday’s low was lost and then regained. Immediately after that, the price shot up into the H4 supply block that kept it down last week as well. After that, the high of the week was in, and we bounced the equilibrium (middle) of the weekly range, and we’re now hovering around a SR block. All the scenarios that can be made for the upcoming week strictly depend on which direction the price decides to leave the SR block. Read more...
In The Spotlight
🗒 G20 officially supports FATF’s crypto guidelines that require exchanges to share customer data
✅ TD Ameritrade-Backed ErisX Gets Green Light to Settle Futures in Bitcoin
💰 Blockchain Startups Raised $822 Million in H1 2019: New Report
📑 Binance Crypto Exchange to Launch Futures Contracts Soon
⛔️ FCA proposes ban on cryptocurrency products
🏦 ING Joins Stablecoin Development Project and Builds Privacy Upgrade Harnessing Blockchain
🇬🇧 UK Regulators Approve First Cryptocurrency Hedge Fund
⛓ Tether slowly migrating from the Bitcoin to Ethereum blockchain
The Development Continues
With the dust finally settling after the recent G20 summit, which saw the international forum stand beside the FATF cryptocurrency guidelines, we are seeing an increase in the amount of energy focused on blockchain technology and regulatory concerns, as the Financial Conduct Authority recently announced a proposal to ban financial instruments linked to digital cryptocurrencies, more and more pressure is put on the space from the authorities’ side. As the space gathers more clear boundaries, it also creates opportunities for institutional players to enter the arena, such as the recently announced ING Bank joint development of a stablecoin and privacy features on blockchain, and the first cryptocurrency hedge fund as a full-scope alternative investment fund manager.
The U.S. space has also seen a strong stance on the blockchain development of companies, such as the recent letter from members of the Congress, to halt the development of the Libra project. While this is only a minor setback in the vast space of blockchain, small countries such as Cuba want to endorse and research on the technology and its usecases, in order to mitigate the effects of the economic crisis within its national measures.
As more and more demand for payment services within the space appear, one of the oldest and most widely used stablecoin projects, Tether, started a process to migrate from the Bitcoin ecosystem to the Ethereum network, and has gathered a number of major exchanges to change their address to ERC-20, exchanges such as Binance and Poloniex, marking another step in the direction of adoption for the Ethereum protocol.
CryptoCalibur Weekly Wrap-Up
📢 Had Dusk Network over in our Chat Room for an AMA | Recap
📈 NOIA Network In-Depth Review & Rating is online!
▶️ Read the full review at the following link: https://cryptocalibur.com/noia-network-review/
NOIA Network aims to create a global Software Defined Network (SDN) on the public Internet, and operate a Network-as-a-Service (NAAS) solution which provides Multi Protocol Label Switching (MPLS) quality connectivity between access points. NOIA incorporates Segment Routing, IPv6 and Distributed Ledger Technology (DLT), as well as smart-routing algorithms to ensure fast, zero latency, dedicated throughput. The NOIA Platform works as a Programmable Internet backbone structure which allows data centers, Internet Service Providers (ISPs), and other infrastructure providers to trade their infrastructure.
✅ Review Rating ✅
Product | 85%
Use of Blockchain | 90%
Documentation | 85%
Development Roadmap | 80%
Business Model | 85%
Company & Team | 80%
Token Sale | 90%
Final Rating | 85%
NOIA Network is an ambitious project that is aiming to disrupt a cornerstone industry. As a result, the project is attempting to establish itself in a market valued at close to $700 billion per year with regards to information and communication technology downtime in North America. This is a substantial market sector and the team have already developed a foundation as a blockchain based Distributed Peer to Peer Content Delivery Network. There are currently over 5,100 NOIA nodes downloaded with at least 300 up and running at any one time, and sharing over 25TB of spare data. This helps to bring some solidity to the project as decentralizing the internet is a tough to pull off successfully.
The launch of the NOIA Ledger and the NaaS Platform which will enable the selling NaaS services via partner networks, are set for the second half of 2019 and will allow the greater community to gauge exactly how well the project is progressing. Successful launches will also allow the community to grow faith in the team which is relatively young in nature and has limited experience with many of the core members coming from the same companies in Lithuania. A number of team members have spent time at the Tellq in-house call centre and at Orion Securities, and are in the process of growing as business and tech professionals.
As a result, despite having a lot of positives, the jury is still out as to whether the team can launch NOIA as a fully decentralized platform and gain significant traction and adoption from both commercial entities and regular users. However, recently the team have brought on board the seasoned business man William B. Norton who should help NOAI turn milestones into checkmarks. Moreover, NOIA can help to legitimize a market sector that is one of the most ambitious and also one of the more difficult to pull off with distributed internet projects such as Substratum, Elastos, and Skycoin often proving to be disappointing. Some aspects of the project are still to be finalized and the new whitepaper should reveal the consensus mechanism and more about the reward details which may prove attractive to anyone interested in operating a node.
Lastly, the fact that NOIA has managed to gain traction and sustain strong marketing efforts without having an IEO is something we appreciate. They are not following the trend of the industry, but remain unique to an extent which shows they have full belief in themselves. NOIA Network is one of the most exciting and promising projects we’ve come across during the last few months, and we’re looking forward to see the team’s progress in the upcoming months and years.
▶️ Read the full review at the following link: https://cryptocalibur.com/noia-network-review/
NOIA Network aims to create a global Software Defined Network (SDN) on the public Internet, and operate a Network-as-a-Service (NAAS) solution which provides Multi Protocol Label Switching (MPLS) quality connectivity between access points. NOIA incorporates Segment Routing, IPv6 and Distributed Ledger Technology (DLT), as well as smart-routing algorithms to ensure fast, zero latency, dedicated throughput. The NOIA Platform works as a Programmable Internet backbone structure which allows data centers, Internet Service Providers (ISPs), and other infrastructure providers to trade their infrastructure.
✅ Review Rating ✅
Product | 85%
Use of Blockchain | 90%
Documentation | 85%
Development Roadmap | 80%
Business Model | 85%
Company & Team | 80%
Token Sale | 90%
Final Rating | 85%
NOIA Network is an ambitious project that is aiming to disrupt a cornerstone industry. As a result, the project is attempting to establish itself in a market valued at close to $700 billion per year with regards to information and communication technology downtime in North America. This is a substantial market sector and the team have already developed a foundation as a blockchain based Distributed Peer to Peer Content Delivery Network. There are currently over 5,100 NOIA nodes downloaded with at least 300 up and running at any one time, and sharing over 25TB of spare data. This helps to bring some solidity to the project as decentralizing the internet is a tough to pull off successfully.
The launch of the NOIA Ledger and the NaaS Platform which will enable the selling NaaS services via partner networks, are set for the second half of 2019 and will allow the greater community to gauge exactly how well the project is progressing. Successful launches will also allow the community to grow faith in the team which is relatively young in nature and has limited experience with many of the core members coming from the same companies in Lithuania. A number of team members have spent time at the Tellq in-house call centre and at Orion Securities, and are in the process of growing as business and tech professionals.
As a result, despite having a lot of positives, the jury is still out as to whether the team can launch NOIA as a fully decentralized platform and gain significant traction and adoption from both commercial entities and regular users. However, recently the team have brought on board the seasoned business man William B. Norton who should help NOAI turn milestones into checkmarks. Moreover, NOIA can help to legitimize a market sector that is one of the most ambitious and also one of the more difficult to pull off with distributed internet projects such as Substratum, Elastos, and Skycoin often proving to be disappointing. Some aspects of the project are still to be finalized and the new whitepaper should reveal the consensus mechanism and more about the reward details which may prove attractive to anyone interested in operating a node.
Lastly, the fact that NOIA has managed to gain traction and sustain strong marketing efforts without having an IEO is something we appreciate. They are not following the trend of the industry, but remain unique to an extent which shows they have full belief in themselves. NOIA Network is one of the most exciting and promising projects we’ve come across during the last few months, and we’re looking forward to see the team’s progress in the upcoming months and years.
CryptoCalibur
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Upcoming ask me anything session with Ferrum Network!
The AMA will take place on July 13th, 2019 from 16:00 to 17:00 UTC in our Chat Room. Add the event to your calendar and make sure you prepare your questions beforehand.
This AMA will give you the opportunity to connect with Ferrum Network’s team who will answer your questions and listen to your feedback.
Fill out this form to ask Ian questions you would like to know about him or Ferrum Network: https://bit.ly/2XFNvQI
-----------------------------------------------
🕞 COUNTDOWN 🕞
✅ The AMA will take place in our Chat Room: @cryptocaliburchat
The AMA will take place on July 13th, 2019 from 16:00 to 17:00 UTC in our Chat Room. Add the event to your calendar and make sure you prepare your questions beforehand.
This AMA will give you the opportunity to connect with Ferrum Network’s team who will answer your questions and listen to your feedback.
Fill out this form to ask Ian questions you would like to know about him or Ferrum Network: https://bit.ly/2XFNvQI
-----------------------------------------------
🕞 COUNTDOWN 🕞
✅ The AMA will take place in our Chat Room: @cryptocaliburchat
📈 Band Protocol In-Depth Review & Rating is online!
▶️ Read the full review at the following link: https://cryptocalibur.com/band-protocol-review/
Band is an open protocol that functions as an open standard for data management. The project facilitates the governance of data used in decentralized blockchain systems, and aims to solve current issues surrounding data accessibility and data reliability in a decentralized way. As a Web 3.0 component layer solution it resolves issues regarding data availability and reliability for blockchains in the Web3 technology stack.
The project incorporates public smart contract data points that allow dApps to consume data without needing to call on oracles that are external to the blockchain, and Band’s data feeds are community-curated data sources, that provide a framework for both users and developers to moderate, curate and manage the data sources so that they remain trusted and reliable for their intended uses.
✅ Review Rating ✅
Product | 85%
Use of Blockchain | 100%
Documentation | 80%
Development Roadmap | 65%
Business Model | 75%
Company & Team | 80%
Final Rating | 81%
Band Protocol is an interesting project that aims to solve the issues surrounding smart contracts’ inability to directly interact with the outside world and pull in real world data. The decentralized oracle/data feed marketplace is still being established, and as a result Band has a good opportunity to establish itself in what is still a developing market sector. However, the team face stiff competition from ChainLink which may be pulling away from the pack, as well as other projects such as Oraclize, Witnet, Rhombus, and DIRT Protocol.
The team is currently small in number, and mostly based in Thailand. Some members do lack experience; however, it does contain some talented individuals as well. Overall the team is balanced. Most of team actually have decent experience in building blockchain businesses as well as dealing with top-level CEO of other companies. Also being backed by Sequoia allows the team to gain access to wealth of advisors/business partnership. This may allow them to work efficiently and pivot quickly whenever required, although, they will find it challenging to establish their protocol on a global level, and will be expected to develop a community in Asia before moving on to other markets. They will also need to hire seasoned business professionals and market themselves/build relationships aggressively in order to get ahead.
Another challenge facing the team is their multi token system which creates additional levels of friction. The Band token is accompanied by an unlimited number of dataset tokens which can be created by dataset groups and this adds a level of complexity to the project that could possibly have been avoided. However, most importantly, the team’s technical prowess will soon be on display once their mainnet goes live, if they deliver on the tech side as promised, they will give themselves more of a runway to develop their community of clients, partners, and users. Any information relating to a potential tokensale is still to be released, and anyone interested in Band Protocol should keep an eye on the project, and monitor how well the team continue to develop and achieve their stated goals.
▶️ Read the full review at the following link: https://cryptocalibur.com/band-protocol-review/
Band is an open protocol that functions as an open standard for data management. The project facilitates the governance of data used in decentralized blockchain systems, and aims to solve current issues surrounding data accessibility and data reliability in a decentralized way. As a Web 3.0 component layer solution it resolves issues regarding data availability and reliability for blockchains in the Web3 technology stack.
The project incorporates public smart contract data points that allow dApps to consume data without needing to call on oracles that are external to the blockchain, and Band’s data feeds are community-curated data sources, that provide a framework for both users and developers to moderate, curate and manage the data sources so that they remain trusted and reliable for their intended uses.
✅ Review Rating ✅
Product | 85%
Use of Blockchain | 100%
Documentation | 80%
Development Roadmap | 65%
Business Model | 75%
Company & Team | 80%
Final Rating | 81%
Band Protocol is an interesting project that aims to solve the issues surrounding smart contracts’ inability to directly interact with the outside world and pull in real world data. The decentralized oracle/data feed marketplace is still being established, and as a result Band has a good opportunity to establish itself in what is still a developing market sector. However, the team face stiff competition from ChainLink which may be pulling away from the pack, as well as other projects such as Oraclize, Witnet, Rhombus, and DIRT Protocol.
The team is currently small in number, and mostly based in Thailand. Some members do lack experience; however, it does contain some talented individuals as well. Overall the team is balanced. Most of team actually have decent experience in building blockchain businesses as well as dealing with top-level CEO of other companies. Also being backed by Sequoia allows the team to gain access to wealth of advisors/business partnership. This may allow them to work efficiently and pivot quickly whenever required, although, they will find it challenging to establish their protocol on a global level, and will be expected to develop a community in Asia before moving on to other markets. They will also need to hire seasoned business professionals and market themselves/build relationships aggressively in order to get ahead.
Another challenge facing the team is their multi token system which creates additional levels of friction. The Band token is accompanied by an unlimited number of dataset tokens which can be created by dataset groups and this adds a level of complexity to the project that could possibly have been avoided. However, most importantly, the team’s technical prowess will soon be on display once their mainnet goes live, if they deliver on the tech side as promised, they will give themselves more of a runway to develop their community of clients, partners, and users. Any information relating to a potential tokensale is still to be released, and anyone interested in Band Protocol should keep an eye on the project, and monitor how well the team continue to develop and achieve their stated goals.
Upcoming ask me anything session with DeepCloud AI!
The AMA will take place on July 12th, 2019 from 13:00 to 14:00 UTC in our Chat Room. Add the event to your calendar and make sure you prepare your questions beforehand.
This AMA will give you the opportunity to connect with DeepCloud AI's team who will answer your questions and listen to your feedback.
-----------------------------------------------
🕞 COUNTDOWN 🕞
The AMA will take place in our Chat Room: @cryptocaliburchat
The AMA will take place on July 12th, 2019 from 13:00 to 14:00 UTC in our Chat Room. Add the event to your calendar and make sure you prepare your questions beforehand.
This AMA will give you the opportunity to connect with DeepCloud AI's team who will answer your questions and listen to your feedback.
-----------------------------------------------
🕞 COUNTDOWN 🕞
The AMA will take place in our Chat Room: @cryptocaliburchat
🗨 Introducting the Get To Know series!
Crypto Calibur takes a moment to focus in on an individual person from the world of crypto. The aim is to use the personal to garner a bit of insight into the professional, while also considering the development of this emerging space that surrounds us all.
Our first featured guest is Ian Friend, the Co-Founder & COO of Ferrum Network.
Read The Interview: https://cryptocalibur.com/ian-friend/
Crypto Calibur takes a moment to focus in on an individual person from the world of crypto. The aim is to use the personal to garner a bit of insight into the professional, while also considering the development of this emerging space that surrounds us all.
Our first featured guest is Ian Friend, the Co-Founder & COO of Ferrum Network.
Read The Interview: https://cryptocalibur.com/ian-friend/
🗞 Insider Newsletter #5 | July 14th, 2019 🗞
Keeping the same levels that we had on our charts last week, we’re now below the H12 demand, possibly turned into supply now. Given that we had quite a harsh rejection off of the OTE Fibs (0.620 to 0.786) at $13,000, we’re expecting a move down into the liquidity that resides below the swing low formed at $9,660. The next area to look for long entries can be the D1 demand formed right below that swing low. The last chance to bounce before we visit that swing low is probably right now, because the price just entered a demand block that formed right before reversing (we call this a breaker block). However, the reaction so far is weak. (Check out the chart analysis on our website)
In The Spotlight
🕺 Singapore’s Tax Agency Proposes to Exempt Cryptos From GST
😱 Ship Seized In Record $1.3 Billion Cocaine Bust Belongs To JPMorgan
😞 $32 Million Swiped From Cryptocurrency Exchange in Latest Hack
⛔️ Trading Bitcoin Is Illegal in Iran, Central Bank Official Warns
🔥 Blockstack Token Sale Becomes the First SEC-Qualified Offering in U.S. History
🔐 US SEC and FINRA Issue Statement on Crypto Custody Issues
🗨 Wiki’s Co-Founder Larry Sanger on Internet, Blockchain and Knowledge
Many Opinions & Even More Progress
When the financial history entries for 2019 are written, the week of July 7th throughout the 13th will surely go down as one of the more interesting and potentially long-term important of the year. Following recent cautiously positive DLT commentary from incoming ECB Chief Christine Lagarde, as well as the first FAANG entry into the space via Facebook Libra, an opinion from US President Trump himself came across Twitter.
President Trump may not be a fan, but his opinion came just a few hours following testimony from Fed Chairman Jerome Powell in which he seemed to confirm that Bitcoin is digital gold and an established store of value. Meanwhile China has reiterated the fact that they will definitely be joining the digital currency competition, and they’re not alone.
In other areas, some formerly skeptical voices in the media seem to be evolving their own opinions. Following the presidential tweet, CNBC anchor Joe Kernan gave a counter opinion, quoting long term BTC proponent, and entrepreneur Tyler Winklevoss went so far as to say he might need just 10 or 15 minutes to convince Mr. Trump of the value of BitCoin. This change in attitude is pretty important, and also very familiar to those within the long term crypto crowd who have seen many initially suspicious friends and family join ranks.
So, could national governments force centralized solutions at the exclusion of decentralized entities like Bitcoin? This seems very unlikely, and in fact probably also undesirable. The decentralized DLT has already become a piece of the major financial world in form of derivative product, and every competing project is contributing toward much needed economic growth and productivity enhancement. These things are desirable by all.
What can we conclude?
Cryptocurrencies are here to stay, governments want a strong hand in DLT currency solutions, regulations will be part of it, and the Open versus Closed battle will be epic. Grab some popcorn and place your bets.
CryptoCalibur Weekly Wrap-Up
🔥 NOIA Network In-Depth Review | Scored 85% (#2 on Top 10 List)
🔥 Band Protocol In-Depth Review | Scored 81% (#6 on Top 10 List)
📢 Had DeepCloud AI over in our Chat Room for an AMA session | Recap Coming Soon
📢 Had Ferrum Network over in our Chat Room for an AMA session | Recap Coming Soon
📢 Had LTO Network over in our Chat Room for an AMA session | Recap Coming Soon
😍 Upcoming AMA with Band Protocol in our Chat Room | On July 20th from 14:00 UTC
Keeping the same levels that we had on our charts last week, we’re now below the H12 demand, possibly turned into supply now. Given that we had quite a harsh rejection off of the OTE Fibs (0.620 to 0.786) at $13,000, we’re expecting a move down into the liquidity that resides below the swing low formed at $9,660. The next area to look for long entries can be the D1 demand formed right below that swing low. The last chance to bounce before we visit that swing low is probably right now, because the price just entered a demand block that formed right before reversing (we call this a breaker block). However, the reaction so far is weak. (Check out the chart analysis on our website)
In The Spotlight
🕺 Singapore’s Tax Agency Proposes to Exempt Cryptos From GST
😱 Ship Seized In Record $1.3 Billion Cocaine Bust Belongs To JPMorgan
😞 $32 Million Swiped From Cryptocurrency Exchange in Latest Hack
⛔️ Trading Bitcoin Is Illegal in Iran, Central Bank Official Warns
🔥 Blockstack Token Sale Becomes the First SEC-Qualified Offering in U.S. History
🔐 US SEC and FINRA Issue Statement on Crypto Custody Issues
🗨 Wiki’s Co-Founder Larry Sanger on Internet, Blockchain and Knowledge
Many Opinions & Even More Progress
When the financial history entries for 2019 are written, the week of July 7th throughout the 13th will surely go down as one of the more interesting and potentially long-term important of the year. Following recent cautiously positive DLT commentary from incoming ECB Chief Christine Lagarde, as well as the first FAANG entry into the space via Facebook Libra, an opinion from US President Trump himself came across Twitter.
President Trump may not be a fan, but his opinion came just a few hours following testimony from Fed Chairman Jerome Powell in which he seemed to confirm that Bitcoin is digital gold and an established store of value. Meanwhile China has reiterated the fact that they will definitely be joining the digital currency competition, and they’re not alone.
In other areas, some formerly skeptical voices in the media seem to be evolving their own opinions. Following the presidential tweet, CNBC anchor Joe Kernan gave a counter opinion, quoting long term BTC proponent, and entrepreneur Tyler Winklevoss went so far as to say he might need just 10 or 15 minutes to convince Mr. Trump of the value of BitCoin. This change in attitude is pretty important, and also very familiar to those within the long term crypto crowd who have seen many initially suspicious friends and family join ranks.
So, could national governments force centralized solutions at the exclusion of decentralized entities like Bitcoin? This seems very unlikely, and in fact probably also undesirable. The decentralized DLT has already become a piece of the major financial world in form of derivative product, and every competing project is contributing toward much needed economic growth and productivity enhancement. These things are desirable by all.
What can we conclude?
Cryptocurrencies are here to stay, governments want a strong hand in DLT currency solutions, regulations will be part of it, and the Open versus Closed battle will be epic. Grab some popcorn and place your bets.
CryptoCalibur Weekly Wrap-Up
🔥 NOIA Network In-Depth Review | Scored 85% (#2 on Top 10 List)
🔥 Band Protocol In-Depth Review | Scored 81% (#6 on Top 10 List)
📢 Had DeepCloud AI over in our Chat Room for an AMA session | Recap Coming Soon
📢 Had Ferrum Network over in our Chat Room for an AMA session | Recap Coming Soon
📢 Had LTO Network over in our Chat Room for an AMA session | Recap Coming Soon
😍 Upcoming AMA with Band Protocol in our Chat Room | On July 20th from 14:00 UTC
Edgeware managed to attract +$200M worth of ETH and it has a lot of potential to offer
Edgeware is aiming to do ambitious things and push on-chain governance forward, which makes it a project worthy of paying attention to. The innovations Edgeware are promising in the governance space look exciting and encouraging, and the project could benefit Ethereum in the long term through scaling and improved governance. However, the very experimental nature of Edgeware is a double-edged sword; it has a high potential return but also a high-risk of remaining an interesting experiment. As of July 15th, 973,947 ETH ~ $219,732,000 has been locked in by contributors. Considering Edgeware has done very little marketing and is not being discussed much by retail investors we believe many of the participants in the lockdrop are developers and people who have been in the space for many years.
Full Article: https://cryptocalibur.com/edgeware/
Don't forget to follow us on Twitter!
Edgeware is aiming to do ambitious things and push on-chain governance forward, which makes it a project worthy of paying attention to. The innovations Edgeware are promising in the governance space look exciting and encouraging, and the project could benefit Ethereum in the long term through scaling and improved governance. However, the very experimental nature of Edgeware is a double-edged sword; it has a high potential return but also a high-risk of remaining an interesting experiment. As of July 15th, 973,947 ETH ~ $219,732,000 has been locked in by contributors. Considering Edgeware has done very little marketing and is not being discussed much by retail investors we believe many of the participants in the lockdrop are developers and people who have been in the space for many years.
Full Article: https://cryptocalibur.com/edgeware/
Don't forget to follow us on Twitter!
Recap of the DeepCloud AI AMA Session from the 12th of July, 2019
Stay informed!
➡️ Click for Recap ⬅️
Stay informed!
➡️ Click for Recap ⬅️
Recap of the Ferrum Network AMA Session from the 13th of July, 2019
Stay informed!
➡️ Click for Recap ⬅️
Stay informed!
➡️ Click for Recap ⬅️