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Here Are Today’s ICO Movers: Plutus (PLU) and Blockpay (BLOCKPAY)

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It’s been a busy week in the cryptocoin space and – as we’re about to reach the end of it – things don’t look like they’re set to slow down just because it’s the weekend. We’ve seen numerous tokens hit fresh highs and fall to fresh lows and – underlying it all – we’ve seen bitcoin reach, then fall from, $11,000 a coin.

With this in mind, let’s take a look at which tokens moved the most over the last twenty-four hours, one up and one down, in an attempt to try and figure out what’s driving the action in each and what comes next.

So, the two tokens in our crosshairs for the session today are Plutus (PLU) and Blockpay (BLOCKPAY).

First up, then, PLU.

This one has the pleasure of being our top mover on the list today. The token, PLU, is up more than 60% over the last twenty-four hours and this rises to 84% and 119% when you expand the timeframe out to seven days and 30 days respectively.

For anyone new to Plutus, the company is a payment platform type system that is set up to allow people to pay for goods and services with a cryptocurrency quickly and easily. The system is currently set up to facilitate payment in bitcoin, Ethereum or – and this one’s the token that’s in focus here – Pluton, or PLU.

Additionally, when users use the application (it’s a mobile platform, primarily) to pay for things in any of the accepted cryptos, they receive a number of PLU in return on a sort of reward based system.

So what’s causing the run?

The platform is in beta right now and access to the said version was opened on November 13. Since this date, the company has already pulled in more than 1,000 users and this rapid uptake (rapid, that is, for a beta) is driving expectations that it could take off once the public commercial version hits the shelves.

And what’s next?
We expect this one to continue to strengthen as the beta matures towards commercialization – so long as the company doesn’t experience any major issues along the way. Keep in mind that, against the backdrop of strength, we could see the odd correction here and there as shorter-term operators jump off the train and pull profits off the table.

Next up, Blockpay.

This one’s not been so fortunate.

During the last twenty-four hours alone, Blockpay has returned a negative 75% ROI and this trend continues when you go back one week (75%, again) and 30 days (30%). From its ICO price of $0.12, Blockpay currently goes for $0.057 – a more than 52% depreciation.

So what’s happening?

This one is a very similar setup to that of Plutus, outlined above. It’s a platform that allows businesses to accept (and, in turn, people to pay in) bitcoin, Ethereum, Dash and a few more. It’s a little more established than Plutus and it’s made a fairly decent name for itself but – since IPO – it’s been plagued with issues and the early traction that the company gained has suffered something of a setback of late.

From a what to look for going forward perspective, it’s really tough to see this coin picking up any substantial strength over the coming few days. We might see a short-term bounce but it’s unlikely to offer up any real degree of reward and – as is always the case in the more traditional financial markets – it’s going to be tough to figure out exactly when any such bounce arrives.

This isn’t to say we’re writing Blockpay off longer term but, as a near-term coin play, there are some far more rewarding assets available right now.

We will be updating our subscribers as soon as we know more. For the latest updates on PLU and BLOCKPAY, sign up below!

Bitcoin

Cryptocurrency Fraud is Evolving; Bitcoin ATMs Mitigate Risk 

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Cryptocurrency Fraud is Evolving
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In one of the more overlooked aspects of the crypto ecosystem, it appears that the bulk of illicit activities are shifting from hacks and thefts to cryptocurrency fraud and scams.

CipherTrace, the crypto-surveillance, and analysis firm released a report at the end of Q4 2019 that revealed hacks and thefts had decreased by 66 percent in 2019 while fraud and misappropriation of funds surged by 533 percent. And beneath the COVID-19 hysteria of 2020, hacks in the crypto sector have been eerily isolated. 

Outside of a few exploited flaws in P2P exchanges and DeFi flash loan vulnerabilities, the headline-grabbing hacks of exchanges for hundreds of millions of dollars have been absent so far this year. Is the industry due for another massive hack, or are stringent KYC/AML processes, regulatory crackdowns, better security practices, and blockchain surveillance working? 

KYC/AML Improvements Are Reducing the Appeal of Crypto Exchange Laundering 

2020 is far removed from the no-KYC wild west days of the early-mid 2010s where anonymous altcoin casinos preponderated and the Dark Underbelly of Cryptocurrency Markets thrived. 

Today, bitcoin and the crypto ecosystem is becoming institutionalized with a surfeit of derivatives (e.g., options, futures, perp swaps, etc.) available on…

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IE Option – 91% Profit on BTC Fluctuations in Every 60s

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On Thursday, Bitcoin price broke below $6,700 and hit the weekly low to $6,480. Then, it rebounded back above $7,000 again with an increasing rate of 5%. At press time, based on the incomplete statistics, more than $720 million worth cryptocurrency futures contracts have been liquidated in this week. During the strong market fluctuation, investors are learning a hard lesson about the downside of cryptocurrency futures trading with leverage. 

Since we know that we cannot make money by investing in BTC spot trade during the bear market, and we notice the high risks of liquidation by trading leveraged bitcoin futures contracts, how can we hedge the loss in spot trade and profit from the BTC market volatility? 

BTC Option is a profitable trading product that you can turn to!

What is Option?

Option is a type of crypto derivative contract which enables investors to make speculative bet on price rising and falling. Call option means that trader long BTC at a given strike price, while Put option allows trader to short BTC at a given strike price. 

For example, if you predict that BTC price may surge, you can buy a call option. Suppose that you buy a call option at $7,000. As long as price exceeds $7,000, you can make profit. 

IE Option – Get…

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4 things you should know about bitcoin casinos

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Bitcoin Casinos are the ideas of innovation, firmly moving towards the goal of disrupting the whole Gambling Industry. Best Bitcoin Casinos are the true trailblazers of the new era of gambling. Their creators quickly recognized all the immense potential that blockchain and cryptocurrencies contained within themselves. Most of the top Crypto Casinos started operating in the first half of the past decade and are quickly moving towards being the dominant force, when it comes to online gambling. There are a couple of key characteristics and advantages that elevate BTC Casinos above the rest of the competition on the market.  

Trusted casinos have fast withdrawals

Only the Best Bitcoin Casinos offer players the benefits that come with using cryptocurrencies as the main source of finance. One of the biggest advantages that BTC Casinos have over the rest of the competition is speed. When using cryptocurrencies, players can deposit and most importantly withdraw their money with blistering speeds. Thanks to blockchain technology, all the financial transactions are completed within the minutes of request. Alternatively, standard online casinos operating under the guidance of classical banking intuitions, need several days to complete the same procedures.

In BTC Casinos anonymity matters 

Another amazing benefit of Bitcoin Casinos is the ability to stay completely anonymous during the transactions and gameplay. Thanks to the…

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