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Keep HODLing BTC, ETH, XRP, TRX and others. Traditional Stock Exchanges Are Moving Into Crypto

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HODL
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The term HODL is a trademark of any seasoned crypto enthusiast, trader, and believer. It has been used vastly in the last 6 months to signify the bravery of watching the crypto markets spiral out of control without having the urge to cash out and run for the hills. Some have even made interesting memes and gifs that include scenes from Mel Gibson’s movie known as Braveheart. The HODLers faith and belief in a better and bullish crypto market might be bearing fruit with the recent talk about Bitcoin (BTC) bouncing back due to institutional investors wanting a piece of the profits crypto traders and exchanges are making.

One such traditional stock exchange aching for a piece of the action in the crypto markets is Swiss-based SIX. The exchange plans to offer fully integrated trading, settlement and custody infrastructure for digital assets. SIX is regulated by Swiss Authorities as an operator of Financial Market Infrastructure (FMI). Two other entities regulate SIX. These are FINMA (The Swiss Financial Market Supervisory Authority and the Swiss National Bank.

Jos Dijsselhof, CEO at SIX is quoted as saying:

“This is the beginning of a new era for capital markets infrastructures. For us, it is abundantly clear that much of what is going on in the digital space is here to stay and will define the future of our industry.”

Therefore, through this declaration by SIX to offer crypto trading services, the Swiss government has officially endorsed cryptocurrencies as investments. We all know that the Swiss banking system is where all the big money is. Lots of Hollywood stars, oil billionaires, and trust funds, have Swiss banks handling their money. This means such high net individuals and institutions can opt to diversify using SIX to tap into the crypto markets.

There you have it, ladies and gentlemen. Keep HODLing. The big bull run is coming in the crypto markets. One is tempted to speculate that the current low levels are intentional so that the above traditional exchanges can stock up on their own cheap BTC, ETH, XRP and the rest, as they gear up to offer the known crypto exchanges some competition.

One of the factors that is enticing traditional stock exchanges into the crypto industry is the vast profits crypto exchanges are making through trading fees. Binance for one was only set up a year ago and its CEO is predicting $1 Billion in profits for the year ending 2018.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Blogs

3 Things to Avoid if You Want Your ICO to Succeed

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Initial Coin Offerings, or ICO, have become quite popular in 2017, which is something that also continued throughout 2018. In fact, there were hundreds, if not thousands of them so far. However, no matter how many of them were organized, most never managed to make it into the market and achieve their goals.

Analysts claim that there are a lot more failed ICOs than there are successful ones, which has caused a lot of people to simply give up on the idea. However, many are still curious to know what went wrong, and while failed ICOs can be studied for years without discovering absolutely every flaw, some of the bigger ones can be spotted right away.

This is why we will now list top three reasons why so many ICOs failed, and everyone who is thinking about launching one should pay close attention.

1. The lack of demand for the product

According to estimates, around 60% of ICOs often fail at the first stage simply for the lack of interest in what they offer. When someone comes up with an idea and launches an ICO in order to raise money, they are presuming that people will be interested in investing in this idea. In addition, prior to making an announcement that an ICO is coming, it is wise to ensure that the announcement will be heard in the first place.

Additionally, ICOs need to be approved by appropriate…

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Bitcoin

Reasons Behind The New Bitcoin Crash

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Cryptocurrency investors and supporters experienced quite a shock last week with the latest Bitcoin crash. Almost every single one of top 100 cryptocurrencies trading in the red. Not only that, but most of them experienced massive losses, often larger than 12%, or even 15%.

The event was unexpected and all cryptos, with the exception of a handful of stablecoins, lost a large part of their value. However, as always, Bitcoin is the one receiving the most attention, especially since this is the first time that BTC has dropped below $6,000 in a long while. Right now, Bitcoin is still losing value, with its current price being at $5,503.11 per coin, and a drop of 12.76% in the last 24 hours.

After the initial shock, a lot of investors started wondering and researching the new crash. The main question still remains: Why did this happen?

While this is more than understandable, especially considering how much money, time, and patience people have invested in crypto, the reasons behind the new crash remain obscure to many. Because of that, we are now going to explain two events that are most likely to be causing this situation.

1. The selloff

This is believed to be the main reason for the new crash of Bitcoin. The selloff came as a consequence of the last year’s bull run, which has launched BTC and other coins to entirely new heights. Because of that, numerous…

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Altcoins

Here’s Why This Coin Still Has Wings (WINGS)

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WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.

Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.

What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.

The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…

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