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The North American Bitcoin Conference Is A Platform From Which CLOUT Could Take Off

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Thousands of companies applied to sponsor and subsequently set up a booth and what will almost certainly prove to be one of the biggest, if not the biggest, bitcoin and blockchain events of the year – the North American Bitcoin Conference Miami Beach, set to take place January 18 & 19, 2018.

Against a backdrop of all-time high interest in the potential of blockchain technology to change the way the world works, attendance is expected to reach similarly all-time high levels and – likely for the first time – the crowd of attendees won’t just be crypto enthusiasts.

This is a mainstream space now.

It’s no surprise, then, that the above mentioned large number of companies wanted to set up and have the opportunity to show the world what they are each working on and where their respective offerings fit into the global economy. For those with strong offerings, the upcoming Bitcoin Conference could be a game changer.

One company that managed to beat out the competition and now has a chance to use the conference a platform from which to take off is CLOUT.

Some readers might already be familiar with the guy who founded CLOUT – Sean Kirtz. For anyone that’s not, he’s the guy behind Bitcoin Day Traders, a leading social cryptocurrency enthusiast community, and it was his experience as part of this community that led him to found CLOUT. Basically, members wanted reliable, regular and usable knowledge relating to the blockchain and cryptocurrency spaces – but they couldn’t find it.

From a media perspective, the space was so fragmented, or certain outlets had conflicts of interest that led to bias, that any information that was available couldn’t be relied upon to (at that time) make solid trading decisions.

For Kirtz and his community, CLOUT was the answer.

The platform is currently being developed having just sold out an ICO presale and it’s designed as a network across which users can create, share and publish content relating to the cryptocurrency and blockchain spaces.

And here’s the smart bit – the platform is set up to incentivize and reward quality and reliability using a proprietary token called CLC. Users can reward others in CLC if they think that a bit of content is good and also receive CLC for sharing quality content.

This means that, without the input of a third party (which might have a vested interest in a particular piece of content, for example), the quality information rises to the top of the pile organically, based on the wisdom of the crowd.

It’s a great idea and it’s one that some of the industry’s biggest names are putting their weight behind – Toni Lane Casserly of Cointelegraph fame and Henry Wang, Founder and President of International Blockchain Application Federation (IBAF), to name just two of many instantly recognizable pioneers in this space.

So the event takes place mid-January and things will move pretty fast once Miami shuts its doors and the CLOUT booth packs away. The company’s tokens will list on big-hitter exchange HitBTC on February 1, followed closely by Coinbene, a leading Asian exchange, on February 15.

If all runs smoothly and, with a team like the one behind CLOUT, there’s no reason to suggest anything otherwise, especially given the recent successful funding, the company will launch a public Beta of the CLOUT platform on March 31, 2018.

Bottom line is this: The Miami conference is going to be an inflection point for many of the companies in attendance and that’s why the demand to have a presence there was so strong. CLOUT is one of a handful of companies that made the cut and there’s a good chance that this is just the beginning of an extended period of growth for both the company and its platform.

We’re going to be watching this one closely.

For a sneak-peak of what to expect, and a platform demo, take a look at CLOUT’s website here.

Bitcoin

Bitcoin Price Dumps Below $41,000 Amid Uncertainty

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Bitcoin price dumped hard on Monday, briefly slipping below $41,000, erasing gains recorded in the previous week. The premier cryptocurrency seems to have exhausted its recent rally propelled by industry vulnerabilities. At the time of writing, the world’s largest cryptocurrency was trading slightly lower at $41,385. Bitcoin’s total market cap has dipped by 2% over the past day, while the total volume of BTC tokens traded over the same period climbed by 58%.

Fundamentals

Bitcoin price has been facing retracements and a rollercoaster over the past few days after recently rocketing to a 20-month peak. On-chain data has suggested that many investors used the opportunity to take some profits, leading to a decline in the asset’s price.

Bitcoin’s price slump is mirrored in the wider crypto market, with the global crypto market cap decreasing by 1.85% over the past 24 hours to $1.55 trillion. The total crypto market volume has increased by 32% over the same period. The Crypto Fear and Greed Index has plunged from a level of extreme greed to a greed level of 70, suggesting a decline in risk appetite.

Ethereum, the largest altcoin by market capitalization, is currently trading at $2,167, down almost 3% for the day. Meme coins have been hit hard by the market slump, with Dogecoin and Shiba Inu down by more than 4% over the last day.

Last week on Thursday, cryptocurrency experts took notice of…

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Bitcoin

Bitcoin Price is in Consolidation Mode Despite Market Optimism Post-Fed Decision

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Bitcoin price edged lower on Thursday despite optimism in wider markets on the back of the Fed’s interest rate decision. The flagship cryptocurrency has been consolidating above the critical level of $42,000 after briefly topping $44,000, its highest level in 20 months. Bitcoin was trading 0.71% lower at $42,569 at press time. BTC’s total market cap has increased by more than 3% over the last day to $832 billion, while the total volume of the asset traded over the same period jumped by 22%.

Economic Outlook

Bitcoin price has been trading sideways over the past few days, suggesting a pause in its recent rally towards $45,000. The premier cryptocurrency has decreased by 4% in the past week but remains 15.22% higher in the month to date. The digital asset has staged a significant recovery this year after a torrid 2022 in which a string of scandals, including the collapse of FTX, led to a market meltdown, undermining the credibility of the sector.

The crypto market has been buoyed by the Fed’s latest interest rate decision. The US Federal Reserve on Wednesday held its key interest rate unchanged for the third consecutive time, in line with market expectations. With the easing of the inflation rate, members of the Federal Open Market Committee (FOMC) voted to keep the benchmark overnight borrowing rate in a targeted range between 5.25%-5.5%.

Additionally, the central bank indicated that three rate…

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Bitcoin Price Blasts $44K in Spectacular Surge as Spot Bitcoin ETF Approval Looms Large

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Bitcoin price has been hovering above the $43,000 psychological level over the past two days amid anticipation about the potential approval of a spot bitcoin ETF. The flagship cryptocurrency has climbed more than 16% in the past week and nearly 170% in the year to date. Bitcoin’s total market cap has increased by nearly 5% over the past 24 hours to $858.9 billion, while the total volume of the token traded rose by 43%. The Bitcoin price was trading at $43,914 at press time.

Fundamentals

Bitcoin price has posted significant gains over the past few days, climbing to its highest level since April 2022, before the crash of a stablecoin that started a litany of company failures, pummeling crypto prices. The world’s largest cryptocurrency briefly topped the crucial level of $44,000 on Wednesday amid rising momentum despite being massively overbought.

According to analysts, with no spot bitcoin ETF approvals yet and the halving event five to six months away, the market is riding on FOMO. Capital has been flowing in the Bitcoin market amid enthusiasm that the launches of spot ETF will bring in billions of dollars of new investment into the crypto sector.

Investors have already started providing capital as seed money for ETF products. Notably, a recent report by CoinDesk showed that the world’s largest fund manager, BlackRock, received $100,000 in capital from a seed investor for its spot bitcoin exchange-traded fund…

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