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A New Blockchain Platform Recognizes the Future of Financial Investments

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Strategic investing looks a lot different than it did just a decade ago. New and more powerful technologies have made some approaches obsolete while elevating the importance of things like computer algorithms and digital platforms. As The Wall Street Journal wrote last spring, “The quants run Wall Street now.”  

Since the start of 2017, cryptocurrencies are further altering the investment landscape by making it more diverse and creating lucrative markets where none previously existed.

Crypto markets are an increasingly compelling opportunity for all types of investors. Individuals are captivated by the intrigue of new digital tokens, and they are encouraged by the potential for more robust returns than through any other investment medium. Even institutional investors are beginning to forge a path into crypto markets.

Regulated Bitcoin futures contracts offered by Chicago-based exchanges CME and Cboe are a compelling investment opportunity that are beginning to pick up steam. Even banking giant Goldman Sachs is said to be getting in on the crypto action.

However, despite their popularity, crypto markets remain uniquely unpredictable. They are frequently characterized by wild price swings that can feel random and violent. Trading cryptocurrencies can be a daunting experience for the uninitiated.

What’s more, slow transaction speeds with high fees are a hindrance to more robust blockchain adoption that can further proliferate such markets.

In other words, while cryptocurrencies are exciting and progressively popular, their capabilities often leave much to be desired.

Now a new platform powered by a forward-thinking digital token is offering solutions that can enhance the future of financial markets.

ThinkCoin Powers the Platform of the Future

ThinkCoin, a new digital token on the Ethereum network, presents a tangible solution to problems related to asset trading, blockchain speed, and cost efficiency. This TCO token powers TradeConnect, a soon to launch blockchain-based financial asset trading platform.

 

Although TradeConnect is an early-stage platform, it’s ready to offer FX and CFD trading upon its launch. As it continues to advance, the exchange will provide trading options for commodities, derivatives, options, bonds, and other products. In total, TradeConnect will provide an outlet for trading any financial asset in the world using blockchain technology.

In a nod to the transformative power of the blockchain, TradeConnect eliminates the need for brokers or intermediaries in the investment process. Using built-in blockchain tools like smart contracts and tokenized value exchanges, interested investors are connected directly with willing sellers. This makes the investment process cheaper and more efficient for everyone. Rather than charging commissions, the platform is maintained by connection fees, which are based on the type of trading product, and those terms are laid out in the predetermined smart contract.

If the last decade has taught us anything, it’s that large financial institutions are fraught with challenges and their outsized, centralized nature doesn’t do them any favors. With TradeConnect, investors always maintain control of their money, and they aren’t burdened by substantial fees or commissions that typically accompany the use of a big bank.

The platform’s wallet will accept several of the most popular digital currencies including bitcoinbitcoin cashether, dash, litecoin, and monero. To ensure speed and flexibility, all trades are processed off the blockchain, but those records are later uploaded to the chain where they remain immutable, auditable, and secure. This will make the process more efficient so that users can focus on making wise investments, not on the viability of their technology.

All of this is enabled by the ThinkCoin digital token, which is currently in presale and has a public ICO starting in May. A demonstration version of the TradeConnect app is available now in the Apple and Google Play app store.

Financial markets are quickly changing to adjust to new technologies and new investor proclivities. This comprehensive ecosystem is diverse and digital, and new platforms are helping it to thrive. ThinkCoin is emblematic of the broad investment priorities dominating the market. Things like smart contracts, p2p connections, and robust payment represent a bright foray into the financial future.

Blockchain

Examining the Reported Fall in Blockchain and Cryptocurrency Investments in the Year 2019

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Examining the Reported Fall in Blockchain and Cryptocurrency Investments in the Year 2019

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The year 2019 witnessed a sharp drop in Blockchain and cryptocurrency investments as suggested by a report. This year’s investment data fell short compared to last year’s as enthusiasm wanes on the part of investors. 2019 may have been an eventful year for bitcoin as it shot into prominence both with investors and multi corporations; however, it lacked the propensity to increase enthusiasm amongst investors to strike a deal. A recent report indicates a sharp drop in private funding including initial coin offerings (ICOs) and venture capitals in the year 2019.

Comparing the last year 2018 investments with this year 2019, only a quarter of last year’s investment has only been recorded this year 2019 on investments through ICO and venture capital.

Blockchain and Cryptocurrency Investments

The eventuality began in December 2018 with a nose-diving crash of cryptocurrency price points, the worst ever to be recorded in the last two years. The year 2018 had started on a very good note with an impressive market cap which went down right as the year ended. Though there was a slight improvement to this, investments still went below the mark. This could be attributed to other currencies not carrying so much weight as bitcoin. So the impact was minimal. Other currencies have failed to arouse the interest of the investors like bitcoin which accounts for a whopping 70% of valuation recorded so far. Years 2017 and 2018 were historic in the record of blockchain and cryptocurrency investments as there was a push up in this regard, however, this could only be attributed to bitcoin’s impressive market cap.

The market, however, took a downturn resulting in the reduction of venture funding of upcoming crypto-based companies. Private funding reduced by close to 50% in the year 2019 as when compared to the year 2018. This may depict that interest may be waning in Blockchain and cryptocurrencies ultimately force dropping the investment as well.

There is however light at the end of the tunnel as all hopes are not lost. Two leading cryptocurrency exchange, Bithumb, and a South Korean exchange have raised three hundred million dollars ($300 million) all together in rounds of funding.

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Chinese Blockchain Firm GXChain Raided by Police

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Chinese authorities cracked down on a high-profile blockchain company that provides data services to online peer-to-peer (P2P) lenders.

The police in the eastern city of Hangzhou on Wednesday raided and sealed the office of Hangzhou Cunxin Data Technology Co., the operator of blockchain project GXChain. The police told Caixin that further information will be disclosed later.

Phone calls to the company’s founder and Chief Executive Huang Minqiang and another employee by a Caixin reporter wouldn’t go through. Chinese bitcoin tycoon Li Xiaolai, a major investor with a 7.5% stake in the company, declined to comment.

The reason for the crackdown was unknown, but some said they suspected it may be related to the company’s personal credit data business.

“I have no idea why the police took action against GXChain,” said Dovey Wan, founding partner of blockchain-based investment company Primitive Ventures, on Twitter Wednesday. “The trigger might be their data business—they sell processed personal credit data, which is a highly sensitive area now in China.”

Wan also posted a video on Twitter showing GXChain’s office gate being sealed by police and saying “all executives of the company are now with the police for interrogation,” citing a source close to Hangzhou local police.

Founded in 2016, GXChain is a blockchain company that offers data uploading, storage and exchange to enterprises in industries including internet finance.

Among the clients listed on GXChain’s website are Alibaba-backed ZhongAn Technology, online loan search platform Rong360.com and New York-listed P2P lending platform PPDAI Group.

GXChain is known for using data scraping and data crawling to obtain personal credit data from online marketplace Taobao and digital payment platform Alipay. GXChain is one of a few companies that can extract a Zhima Credit score, a private personal credit-scoring program run by Alibaba’s Ant Financial Services Group. Zhima Credit doesn’t share the scores with any third party, and there are some technical difficulties to extract the data, an industry participant told Caixin.

Data crawlers sometimes could cross the line because clients that buy the data are not authorized to use it, the industry participant said.

GXChain CEO Huang once told Caixin that GXChain’s vision is to return the ownership of data to users, and he expressed outrage over the misuse of personal data by the industry.

Even though GXChain is high-profile in the blockchain industry, it was not included in the first batch of 197 blockchain-based information service providers that were granted registration in March by China’s cyberspace information regulator.

By: https://www.caixinglobal.com

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Santander Issues $20 Million End-To-End Blockchain Bond on Ethereum

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Major Spanish bank Banco Santander has issued what it claims is the first end-to-end blockchain bond. 

In a Sept. 12 news release, the bank revealed that it had issued a $20 million bond directly onto the Ethereum (ETH) blockchain, where it will remain until the end of its one-year maturity.

Faster, cheaper and simpler than legacy systems

Santander has claimed that its use of blockchain technology for end-to-end bond issuance represents a first step towards a potential secondary market for mainstream security tokens.

As the news release outlines, Santander issued the $20 million bond — which carries a quarterly coupon of 1,98 — while one of the Santander Group’s units purchased the bond at market price. 

Santander Securities Services operated as tokenization agents and custodian of the cryptographic keys used for the issuance, with Santander Corporate and Investment Banking (CIB) acting as a dealer. 

The transaction was conducted on the public Ethereum blockchain, with Santander securely tokenizing the bond in a permissioned manner. Both the cash used to complete the investment and the quarterly tokens were tokenized, with the bank noting that the high degree of automation involved dramatically reduced the number of intermediaries required for the process.

Noting that the blockchain bond transaction was faster, more efficient and simpler than legacy systems, Santander CIB says it will now engage with its clients to move the initiative from the project stage through to development.

The blockchain bond initiative continues the work begun by Santander’s blockchain lab in 2016, with additional support from London-based fintech Nivaura — backed by Santander InnoVentures — and legal advice from global law firm Allen & Overy.

Global developments

Last month, Cointelegraph reported that Santander now plans to expand its implementation of Ripple’s xCurrent payments technology to a number of Latin American countries. The bank had first introduced the technology in Spain, Brazil, Poland and the United Kingdom back in April 2018. 

Also last month, the World Bank revealed it had raised an additional ~$33 million for its Kangaroo bond due August 2020 using blockchain technology. 

The World Bank likewise claimed a first in stating that the initiative represented the first bond that has been created, allocated, transferred and managed through its life cycle using distributed ledger technology.

Source: cointelegraph

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