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Ethereum, XRP, BTC and Litecoin deposits to be accepted on Binance.US from Sept 18

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The much awaited launch of Binance’s U.S. arm finally marks its beginning as Binance.US announces accepting user registration from 18 September. The news was made public through Binance.US’s official Twitter handle, which said,

“Prepare for Launch: http://Binance.US User Registration Opens Next Wednesday!

@BinanceAmerica
will open account registration & begin accepting deposits of BTC, ETH, XRP, BCH, LTC & USDT on Sept 18th, 2019, at 8am ET.

This kicks off our first phase!”

As per the official release, the initial registration phase will enable users to sign up and select the tier of verification based on their desired withdrawal limits. This will allow them to make deposits across the initial selection of digital assets consisting of BTC, ETH, XRP, BCH, LTC, and USDT.

Although Binance has not revealed any trading pairs, the release document also states that users will be notified “with an update detailing when trading will go live for specific pairs.” Additionally, it mentioned,

“After trading launches for this first phase, we will be continually adding to the selection of digital assets available for verified users to deposit and eventually trade on Binance.US”

Hinting towards future updates, Binance has said that the trading availability of the digital assets will be based on their U.S. specific “Digital Asset Risk Assessment Framework.”

Source:ambcrypto

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Ethereum

Harbor Tokenizes Real Estate Funds Worth $100 Million on Ethereum

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Harbor has pivoted from helping companies issue security tokens to helping them tokenize existing securities.

Announced Monday, the startup has created tokens on the ethereum blockchain representing the shares of four real estate funds worth $100 million.

The move is intended to make these private securities easier to trade for the 1,100 investors that hold them, along with 17 broker-dealers and 17 placement agents that work with the funds’ manager, iCap Equity.

“For years, we’ve been looking for ways to create the best investment experience we can and for us that means providing liquidity for them,” said Chris Christensen, CEO of Bellevue, Washington-based iCap.

The news also represents a strategic shift for Harbor, from helping clients raise funds by selling security tokens to providing an infrastructure layer for such instruments.

Harbor “evolved from crowdfunding and tokens to being the Salesforce.com” of the security token industry, said Josh Stein, CEO of San Francisco-based Harbor.

Initially, the company tried to build tokens backed by real-world assets. It reckoned that if investors were interested in initial coin offerings (ICOs) issued by projects with only a promise, they would “be excited” for backed tokens, Stein said.

However, he added:

“The overlap between investors demanding tokens and investors interested in security tokens was zero. People were buying tokens but they weren’t buying it to invest, they were buying it to speculate.”

Last year, Harbor partnered with DRW Holdings’ real estate wing to facilitate the sale of nearly 1,000 tokenized shares in an apartment building. However, the deal fell apart earlier this year due to issues between the mortgage lender and issuer.

Lockup period

Harbor is providing a user platform for the investors, broker-dealers and advisors, which includes a private marketplace they can use to trade the securities.

Christensen said the funds are “high-yield, [which] usually requires a lockup” under which investors contractually cannot sell their shares for three to five years.

“We just knew if we can provide measured liquidity for them and allow us to continue our business model [but] allow them to … exit as needed, that would be cutting-edge,” he said.

Typically, iCap investors buy securities and commit to the multi-year lockup. However, investors could need their money back before that period ended, Christensen explained. Under its old system, these investors would have to find another investor who would be willing to purchase the securities and commit to the remainder of the lockup period.

The process to find an investor interested in purchasing these securities and then transfer them was time-consuming and costly, but a market already exists: Christensen said his company has previously facilitated $2 million in trades for these funds.

“What Harbor does is they automate this entire process,” he added. “Those who want to come in come in, those who want to exit can do that.”

The 17 broker-dealers that now have access to the platform include Bradley Wealth, an investment advisor.

“It’s never going to be like a public market, but we can take something that’s illiquid or semi-liquid and make it more liquid,” Stein said.

‘Nobody’s marketing it’

iCap operates under Rule 144 of the Securities Exchange Act of 1934, which requires a one-year mandatory lockup period for securities sold, separate from the restrictions the firm imposes, Christensen said.

“Once you’ve held a security for one year, it can be freely tradeable,” he said.

What is interesting, Stein said, is that after this first year ends, non-accredited investors can trade the securities (though iCap approves the platform’s users, so it is not open to the general public).

“I don’t think it’s a goal but what it says to these broker-dealers and RIAs [is] that they have this investment … they can get their non-accredited clients into it,” he said.

He noted that unlike ICOs or other crowdfunding efforts, these fund shares, now represented by ERC-20 tokens on ethereum, are passive instruments.

“It’s not like when you think of ICOs or crowdfunding where somebody’s pushing an investment,” he said. “It democratizes it but nobody’s out there marketing it.”

Nevertheless, Stein said the new strategy is aligned with Harbor’s broader mission, concluding:

“What we’re hoping to do is increase access … in real estate and other [areas], which was kind of the promise of security tokens to begin with. We’re just going about it a different way.”

source.coindesk.

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Ethereum Price Analysis – ETH On The Move Back Above $200 As Bulls Wake-Up Against BTC

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Ethereum price:$189
Key ETH resistance levels:$193, $200, $202, $210, $213, $215
Key ETH support levels:$185, $176, $171, $165, $158, $149

*Price at the time of writing


Ethereum ETH, 0.94% has seen a 1.16% price hike over the past 24 hours which has allowed the cryptocurrency to reach the $190.48 level. Ethereum has been on a decent run this week after increasing by a total of 5.49% – making it the strongest performer amongst the top 5 cryptocurrency projects.

If this bullish press can continue for ETH, we could see Ethereum testing the $250 level toward the end of the month. Ethereum remains ranked in 2nd position with a total market cap value of $20.59 billion. Ethereum still has a long recovery ahead of itself after losing 28% throughout the past 3 months.

Ethereum price analysis

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What has been going on?

Taking a look at the daily chart above, we can see that the latest price increase has now allowed Etehreum to rise back above the $190 level as it currently tests resistance at the previous rising support trend line (now turned to resistance).

Ethereum price short-term prediction: Neutral/Bullish

This recent uptick has now turned this market from bearish to neutral. For the market to be considered as bullish, we would need to see price action rise and break above the $202 level to create a fresh high. If this market was to drop beneath the support at $165, then the market could be considered as bearish.

If the buyers continue to drive price action above the current level of resistance, initial higher resistance is then to be expected at the $200 and $202 levels. Above $202, resistance is then expected between $210 and $213, provided by the 100-day EMA and 200-day EMA. If the buyers can continue beyond this level of congestion, resistance is then expected at $220, $225, $235, $240, $250, $271, and $287.

What are the technical indicators showing?

The RSI has recently penetrated above the 50 level, which shows that the bulls have now gained control over the market momentum. If the RSI can remain above 50 and climb higher, we can expect Ethereum to certainly head back above $200.

Trade idea – Buy Ethereum above ₿0.0019.

Ethereum has risen quite sharply against BTC. If this bullish pressure can continue higher, we can certainly expect ETH/BTC to make its way toward ₿0.020 and further higher.

In this trade idea, we will buy ETH once it breaks up above ₿0.019. This is to confirm that the market can break above the current resistance at ₿0.0189. Stops can go a little beneath ₿0.018 to protect yourself if the market heads in the opposite direction.

The first target of this trade is located directly at the ₿0.02 level. This level of resistance is provided by the long term bearish .236 Fibonacci Retracement level. Above ₿0.02, we can then look for the next target to be located at ₿0.02180 (100-day EMA) with the last target at ₿0.02235.

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Ethereum (ETH/USD) forecast and analysis on September 16, 2019

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Cryptocurrency Ethereum (ETH/USD) is trading at 187. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Ethereum. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator stripes.

Ethereum (ETH/USD) forecast and analysis on September 16, 2019

As part of the Ethereum forecast, a test of level 185 is expected. Where can we expect an attempt to continue the growth of ETH/USD and the further development of an upward trend. The purpose of this movement is the area near the level of 198. The conservative buying area Ethereum is located near the lower border of the Bollinger Bands indicator strip at 175.

Ethereum (ETH/USD) forecast and analysis on September 16, 2019

Cancellation of the option to continue the growth of the Ethereum rate will be a breakdown of the lower border of the Bollinger Bands indicator stripes. As well as a moving average with a period of 55 and closing of quotations of the pair below the area of ​​170. This will indicate a change in the current trend in favor of the bearish for ETH/USD. In case of breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.

Ethereum (ETH/USD) forecast and analysis on September 16, 2019 implies a test level of 185. Further growth is expected to continue to the area above the level of 198. The conservative area for buying Ethereum is located area of 175. Cancellation of the growth option of cryptocurrency will be a breakdown of the level of 170. In this case, we should expect a further fall.

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