Category Archives: Innovation and Resources

Could Cryptocurrency Be the Investment Opportunity of a Lifetime?

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NCFA Guest post | Laura Buckler | May 18, 2018

2017 was a big year for cryptocurrency, and we’re still witnessing the power of this trend. Cryptocurrencies and digital assets are arguably one of the most liberating and transformative fintech innovations of our time, attracting a growing number of retail and institutional investors yet they challenge the status quo and are difficult to regulate.

Olaf Carlson-Wee, founder of cryptocurrency hedge, said it well: “We are seeing more managed money and, to an extent, institutional money entering the space. Anecdotally speaking, I know of many people who are working at hedge funds or other investment managers who are trading cryptocurrency personally, the question is, when do people start doing it with their firms and funds?”

It’s a good question, and it’s only a matter of time before we see that happening on a large scale. Cryptocurrency will irreversibly change the course of our society’s development.

This is what most people are wondering about: is cryptocurrency the investment opportunity of a lifetime? People are rushing to get in before it’s too late, so are they doing the right thing?

The answer is more complex than a simple yes or no.

The Positive Sides of Cryptocurrency Investments

Why should you invest in cryptocurrencies? Because of the potential return. Ronnie Moas, independent research analyst, predicted the growth of Bitcoin and Ethereum well enough: “Bitcoin is already up 500 percent since I recommended it in the beginning of July, and I’m looking for another 500 percent move from here,” – he said. The prediction continues: “The end-game on Bitcoin is that it will hit $300,000 to $400,000 in my opinion, and it will be the most valuable currency in the world.

Here are few reasons to go for it:

  1. Exchange fees are minimal, usually circling around the rate of 0.2%. In comparison, the Bank of Canada has set much higher fees for foreign currency. The exchange fee for Swiss franc, for example, is around 1.27%, and UK pound sterling is being exchanged with a fee of 1.7293%.
  2. The process of investment is very easy. Many digital asset exchanges have simple on-boarding processes and advanced features to help investors with online wallets, several trading options and multiple currencies.
  3. Political instability is pretty good for cryptocurrencies. Global and local political issues are usually bad for the stock market. The reason for that? Stock markets are tied to companies that depend on strong financial institutions and government services. Cryptocurrency is independent from those factors. In May 2017, major stock markets dropped because of the potential for scandals between U.S. and Brazilian presidencies. Bitcoin, on the other hand, rose more than 3.5%. Currently, the world is experiencing serious political instability, which could be a sign of growth for cryptocurrencies. There’s proof for that, too: due to the recent nuclear deal crisis, Iranian investors started turning to Bitcoin.
  4. Beyond straight investments, many cryptocurrencies offer perks to owners and they can be used to purchase products and services with the number of merchants and markets accepting crypto growing globally with each passing day.

The wave of optimism regarding cryptocurrencies is more than justified. But are there any risks that could undermine the success of this investment?

See:  Bitcoin price LIVE: BTC to SOAR as survey finds one in five banks warming to crypto

Potential Issues to Consider

  1. Cryptocurrencies are not immune to design issues. Transaction times, in particular are a serious problem for the Bitcoin network. In August 2017, we saw a phenomenon called “hard fork,” when the blockchain split in two. The split led to the creation of Bitcoin Cash – a spinoff of the cryptocurrency. With an unknown future, it’s safe to tread carefully.
  2. The interest in cryptocurrencies is constantly increasing, and that’s clogging the blockchain network. The design is not strong enough to cope with all that traffic.
  3. The huge interest imposes another problem: there are too many speculators who expect cryptocurrencies to grow rapidly and provide high margin returns but how these currencies are valued remains to be seen. The market is also suffocated with people who think that Bitcoin is going to become a widely used currency for daily purchases but the volatility makes the use of bitcoin as a payment system impractical. Both of these groups could be wrong.
  4. The biggest issue, however, are the unexpectedly big listing fees. According to an investigation by Business Insider, cryptocurrency exchanges charge between $50,000 and $1 million to list initial coin offerings. One CEO told Business Insider that a top-tier exchange asked for $1 million to list their coins. “Good exchange means a high probability of good market fit, because you have access to liquidity and investors,” – sаid Oliver Bussmann, owner of a Swiss fintech advisory firm. “If you don’t get access to certain exchanges, then it’s tier two exchanges, which means access to investors is limited.”

What conclusion does this bring us to?

The discussion is complex and no one can correctly predict the future of cryptocurrencies. As in any other investment, risk is still involved. The expectations are bright, but we mustn’t neglect the problems related to these investments. The only thing we can recommend is to get well informed before making any investment.

Laura Buckler is a freelance writer and contributor at https://essays.scholaradvisor.com/ who brings a hands-on approach to each of her in-depth articles. Through her work as a social media marketer, she learned many skills in are the areas of social media, content writing and digital marketing. Find her on Twitter.

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The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with cryptocurrency, blockchain, crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to over 1700+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry.  Join Canada's Fintech & Funding Community today FREE!  Or become a contributing member and get perks. For more information, please visit:  www.ncfacanada.org

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Toronto Launch event (Jun 4): Stratus Marketplace

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NCFA Canada | May 17, 2018

A Hewlett Packard Enterprise and Global Blockchain Technologies Partnership

Hewlett Packard Enterprise and Global Blockchain would like to invite you to attend the unveiling of...

Stratus Marketplace
June 4, 2018
2 to 5 p.m. EDT
At the Adelaide Hotel

Nominate your organization to participate in a proof of concept use of the Stratus Marketplace and learn how it will lead the next major internet evolution.

The website and whitepaper will be available to all subscribers.

Come for the open bar and free Photon Cryptocurrency giveaways!

This event is sponsored by Global Blockchain Technologies and Hewlett Packard Enterprise.

NCFA is happy to be a community partner for this event.

Register for this event --> Now


The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with cryptocurrency, blockchain, crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry.  Join Canada's Fintech & Funding Community today FREE!  Or become a contributing member and get perks. For more information, please visit:  www.ncfacanada.org

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Leading Blockchain Firm Decentral Announces Launch of Jaxx Liberty & Decentral Unity

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Decentral Release | May 17, 2018

Next phase of global digital wallet Jaxx will create customizable digital ecosystem for users

TORONTO, May 17, 2018 /PRNewswire/ -- Decentral Inc., Canada's leading blockchain company and the creator of the multi-platform, multi-currency digital wallet Jaxx, has announced its next phase: Decentral Project, which was three years in the making. The company also unveiled the first three of the project's many initiatives: Jaxx Liberty, the single, gamified interface for everyone to experience the blockchain ecosystem; a native token Decentral Unity, which will reward users for engaging with Decentral's partners on Jaxx Liberty; as well as other exciting announcements, including two new hardware pieces. The details of Decentral Project were revealed to 1,000 partners and friends of Decentral aboard a yacht cruise called "United By Decentral," the official after-party of major crypto conference Consensus 2018.

Founded in 2014, Decentral was created with the goal of fostering the next generation of disruptive and decentralized technologies. In just four years, Decentral has created a community of hundreds of partner projects, most notably spawning leading blockchain Ethereum, and developing Jaxx, which actively engages more than 750,000 global monthly users without collecting user information or holding customer funds. With the announcement of Jaxx Liberty, which is due to launch on July 1, 2018, Decentral will continue to realize this mission by reimagining the blockchain experience for users and providing a wide portfolio of high-caliber blockchain service providers for users to engage with on the platform.

See:  Diiorio’s Decentral Inc. Teams up with Legal Firm to Architect Blockchain in Canada

Jaxx Liberty will be a gamified experience, where users who engage with Decentral's partners on Jaxx Liberty will earn Unity tokens, level up, and eventually have the opportunity to use tokens to gain discounts on partner services. Unity is a complementary token to every other token in the ecosystem, providing partners more value the more users engage with their projects. As a single, unified blockchain experience, Jaxx Liberty will allow users to check cryptocurrency balances on one streamlined portfolio and customize their interface with portfolios, avatars, wallets, charts, graphs, news, and partner integrations.

Decentral CEO & Founder and Ethereum Co-founder Anthony Di Iorio said: "Our core objective of Decentral Project is to empower the ecosystem with unparallelled tools, enabling the masses to take control of their digital lives. We believe that Jaxx Liberty is a crucial step in this journey, and we hope that the platform, designed as an interactive game, will transform the way that everyday consumers interact with and secure their digital wealth. Jaxx Liberty will create wins for everyone; our partners will have a broader network of engaged individuals, and the more users engage with our partners, the more Unity they can earn to take advantage of discounts on partners services."

Through this incentive-based system, Decentral hopes to gamify cryptocurrency markets on a large scale, encouraging partners to build on Jaxx Liberty, as well as motivate users to take advantage of the exclusive services provided by hundreds of participating industry partners. The platform is also designed to offer users the best possible prices for purchasing partners' services.

"With the implementation of the Unity token, Decentral hopes to blur the line between the digital and real-world interactions of millions of people. We believe that by rewarding the community for their participation on this innovative platform, we can — once and for all — transition to a future where the user is in control. It has always been our mission at Decentral to pioneer the new internet of value, and we plan to achieve this by providing our users with the tools to get them there. We believe that Jaxx Liberty, and the Unity token in particular, will be key tools in that toolbox. I look forward to seeing what the future holds," continued Di Iorio.

With the expansion of Jaxx Liberty, Decentral hopes to scale its capabilities to as many as 10 million users per month — all interacting anonymously to provide unprecedented security and accountability to the exchange.

Jaxx Liberty will officially launch on July 1, 2018, with Decentral Unity to follow soon after. The platform will be made available for reporters upon request prior to launch.

Source:  newswire


The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with cryptocurrency, blockchain, crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to over 1700+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry.  Join Canada's Fintech & Funding Community today FREE!  Or become a contributing member and get perks. For more information, please visit:  www.ncfacanada.org

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Tips for Creating a Business Website

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NCFA Guest post | May 17, 2018

As a small business owner, having an online presence is important, and at the center of that is creating high quality, visually impressive and easy to navigate website. If you are unfamiliar with website design, then creating a new business website can prove difficult and frustrating; But don’t panic, it is not as impossible a task as it seems. Once you know where to start, and which basic elements to include, the process doesn’t seem nearly as daunting. If you are looking to create a new business site, then here are a few tips which you might find helpful to get you set up.

Find a host platform

To set up a website, you will first need to choose which host platform you would like to use. As you are first starting out, ideally you will either want to find a site that is easy to navigate personally, so that you can construct the site yourself or a host site which will help you with your design. If you are looking for a well-priced host site, with a range of packages and good technical support, then there are various services offering options to host your website with us, for example.

Produce quality content

If you have a lot of information you would like to include on your website; it can be easy to overcrowd the page, and cram in as much writing as you physically can. However, in reality, this will just be very off-putting to any visitors to your site, and it is unlikely they will really read it all. When you are starting off with a website for a new, small business, then you would be much better served by choosing quality over quantity. Make sure that all the information that you include is informative, but not long-winded. Remember that some of the most important features of a site are easy navigation and good subtitling.

Create a call to action

If your website acts with a clear purpose, it is more likely that you will receive good reader engagement. Decide what you are looking for your customers to do when they go to your site: do you want them to contact you straight away? If so, what is the recommended method for them to do so? Can they shop directly from your site? Whatever it is you would like from your website visitors, you need to make it clear by including a call to action slogan throughout the site, along with buttons to help them get to the right page to follow through with what you have asked.

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Include multimedia

A website that is all text will not be visually appealing to readers. Therefore, if you want to attract your audience’s attention, and keep them invested in your page, then multimedia elements are important. Therefore, it is important to include pictures throughout the site which accompany your written content, as well as infographics, as these allow you to present important information in an easy to follow design. If you have the software to do so, creating videos can also be effective.


The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with cryptocurrency, blockchain, crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to over 1700+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry.  Join Canada's Fintech & Funding Community today FREE!  Or become a contributing member and get perks. For more information, please visit:  www.ncfacanada.org

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Kraken Donates $1 Million to Blockchain Advocacy Group Coin Center

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Coindesk | Leigh Cuen | May 15, 2018

There are few things the cryptocurrency community loves more than outspokenness - except, perhaps, putting your money where your mouth is.

Jesse Powell, CEO of the cryptocurrency exchange Kraken, donated $1 million to the nonprofit Coin Center on Monday night at the advocacy organization's annual gala in New York City. Kraken also pledged to match any donation to Coin Center until the end of the month, up to $1 million.

It was the biggest single donation made to Coin Center, said Neeraj Agrawal, a spokesman for the Washington, D.C.-based think tank.

See: 

Kraken, based in San Francisco, is no stranger to the regulatory minefield Coin Center strives to defuse and build bridges across.See:

In April, Kraken was one of 13 exchanges that received an inquiry regarding "internal controls and safeguards to protect consumer assets" from former New York Attorney General Eric Schneiderman.

Unlike many competitors, Powell refused to respond, saying his exchange can "dodge this bullet" because it left New York in 2015, spurred by what he called the state's onerous regulatory approach.

Kraken's donation won Powell a round of applause. Sporting a baseball cap, the long-haired maverick entrepreneur did not make any remarks, letting the donation speaking for itself.

Satoshi walks into a bar...

Almost as warmly received was the litany of cryptocurrency-themed jokes delivered by Coin Center's director of research, Peter Van Valkenburgh.

"Fork: really a word that usually isn't in need of translation for the average person, you may be holding one right now," Van Valkenburgh told the audience of finely-attired crypto veterans munching on their first course.

He added:

"For cryptocurrency enthusiasts, this translates pretty directly to: free coins! And I'd add that, to their tax attorney, this translates to: 'fuck.'"

Jokes aside, the theme of the night was the importance of coming together as a community to curb stifling regulation through transparency and education.

Continue to the full article --> here


The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with cryptocurrency, blockchain, crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to over 7500+ members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry.  Join Canada's Fintech & Funding Community today FREE!  Or become a contributing member and get perks. For more information, please visit:  www.ncfacanada.org

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Large Global Payments Processor Unveils Airdropping Campaign Among Users

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CoinTelegraph | By Nick Bakursky | May 14, 2018

CoinPayments, a global cryptocurrency payment processor, has announced an airdrop  launch of its own utility token – the CPS Coin. The company also plans to lower its transaction and conversion fees for token holders and enhance its user interface in 2018.

Founded in 2013, CoinPayments is a global cryptocurrency payment processor with a reach of over 1,000,000 vendors across 182 countries, says the company’s blog. CoinPayments offers a cloud payment solution allowing merchants to accept Bitcoin and hundreds of other coins through their plugins, APIs and point of sale (POS) interfaces.

“CoinPayments has created a special place in the world of cryptocurrency users with intuitive digital wallets, which include shopping cart plugins that can be easily integrated by online merchants making it appealing to their customers” said Alex Alexandrov, founder and CEO of CoinPayments

in an interview with Insight Success.

The company is set to launch two mega projects in 2018. Firstly, CPS Coin - the CoinPayments token - will lower transaction and conversion fees for merchants. Secondly, a revamped version of their existing user interface - called CoinPayments 3.0 - will provide online merchants and wallet holders with “even more user-friendly experience” company representatives said.

Airdrop to all users

The CoinPayments team reported to Cointelegraph that the company launched an airdrop of 100 CPS Coins to all current users, as well as new signups on the CoinPayments platform until August 1, 2018. The value for the 100 CPS coins is €10. Any user who purchases CPS coins starting on May 4th will receive two CPS coins for the price of one, or three for one on orders totalling over €500,000 within a 24 hour period.

The CPS Coin is a utility token used within the CoinPayments platform, and provides discounts and rebates for using various CoinPayments services. Users wanting to buy CPS Coins can buy directly from CoinPayments at a rate of €0.10 per token.

See:  Singapore consortium claims breakthrough in DLT payments project

There is a wide range of discounts and rebates available for CoinPayments services, including merchant fees, conversion fees, withdrawal fees, initial coin offering (ICO) participation and as a preferred payment method in their own decentralized marketplace.

For example, merchant fees may be reduced by half. Merchants have the option to pay the 0.5 percent processing fee with CPS Coin by checking a box on their account. If they choose this option, they will only have to pay a 0.25 percent processing fee in CPS Coins based on a €0.10/CPS Coin rate. If their CPS Coin wallet doesn’t contain enough CPS Coins to pay the fee then the required amount of CPS Coins will be purchased automatically from the CoinPayments pool using the fee collected at the time of the transaction.

As for conversion and withdraw fees, users will receive a 50 percent rebate if they pay from CoinPayments directly into the user’s CPS Coin wallet.

Regarding ICO participation, CoinPayments will negotiate an allocation of tokens from hosted ICOs at a discounted rate from the public ICO price and CoinPayments users will have the option to participate in this allocation using CPS Coin.

Continue to the full article --> here

 


The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with cryptocurrency, blockchain, crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to over 1700+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry.  Join Canada's Fintech & Funding Community today FREE!  Or become a contributing member and get perks. For more information, please visit:  www.ncfacanada.org

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Profile: CoinPayments

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Crypto Payment Processing

CoinPayments is a payment processor allowing merchants to accept Bitcoin and hundreds of altcoins in their store through easy to use plugins, APIs and POS interfaces. With over 1 million users across 230 countries around the world, CoinPayments.net is most comprehensive multi-cryptocurrency platform available online.

CoinPayments Services

Payment Platform Features

We are constantly innovating to be at the forefront of this emerging technology and have created numerous features and services beneficial to the users of our platform. Our most notable features include:

Crypto Payments

We charge a 0.5% fee for all merchant transactions and provide a seamless integration of our payment processing service for the most common ecommerce platforms through plugins and well documented APIs.

Crypto Conversions

We offer conversions for the majority of coins we support, through a simple and easy to use interface. We also offer merchants automated functionality to convert altcoins to bitcoin or another coin or settle out to fiat through 3rd party gateways.

Multi-Coin Wallets

We offer a hosted wallet with send/receive/store functionality for all coins we support. We add another layer of security with our free vaulting service to set a time lock on your wallets. Use our unique $PayByName feature to send any coin to a user’s PayByName instead of complicated deposit addresses.

Run or Participate in ICOs

CoinPayments ICO Service

Whether you’re looking to run your own ICO and want to accept crypto payments or if you’re looking to participate in ICOs hosted by CoinPayments, we help facilitate this through our CPS ICOs marketplace.

Coin Hosting

Increase Your Coin’s Reach

CoinPayments is constantly integrating new coins onto our platform, so if you have a coin you want to start accepting in your store or if you are a developer working on a coin and looking to increase user adoption, CoinPayments can help by hosting your coin on our platform.

Follow Us

Stay Connected

For the latest news on crypto and payments and the latest official CoinPayments announcements make sure to read our Blog and follow us on Twitter and our RSS Feed.

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