Calls for crypto regulation gather momentum around the world

As the crypto market matures and gains relevance within the global economy, executives, investors and even public bodies worldwide are calling for clearer crypto regulations.

In 2017 we witnessed the ‘Bitcoin boom’, with skyrocketing prices and major attention driven towards cryptocurrencies.

Since the Bitcoin Boom in 2017, the crypto market has exploded with Initial Coin Offerings — the controversial ICOs — with many of those projects, under the flag of the crypto revolution, proving to be nothing more than artifice designed to trick eager investors into putting money into a business that was never realised.

Nevertheless, the high number of fraudulent ICOs is more a representation of dubious morals than a testament of the actual revolutionary nature of blockchain. The challenge posed by the introduction of cryptocurrencies and tokens has allowed for an expansion of investment opportunities for new groups of investors, as well as giving millions of unbanked people around the world an alternative means of finance.

This realisation is slowly spreading among financial regulators, which are now exploring the ways that crypto technology can be integrated into the widerfinancial and regulatory market framework.

In recent months, with the rise in the popularity of tokenised securities — a SEC-compliant class of digital assets, comparable to equities stocks — the theme of regulation is spreading across the crypto space.

At the moment, although the EU does not present a unified framework regarding cryptocurrencies — regulations vary by state members — the European Central Bank has shown plenty of initiatives in exploring ways to regulate and manage cryptocurrencies.

In the beginning of 2019 alone, two major European regulatory bodies, the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have publicly called for better assessments of crypto technology and its impacts in order to develop appropriate regulations.

In an official statement, the EBA said it is calling for regulations to protect investors above all, and has asked the European Commission for a comprehensive analysis to assess whether unified crypto rules are needed across the region. In addition, the ESMA’s recommendations advise the EU Commission on the current regulations which can be suitably applied to crypto assets.

In the emerging markets scene, where the positive effects of cryptocurrencies are more tangible, calls for regulation have also risen, with movements urging authorities to work on implementing and regulating cryptocurrencies.

In India, where the legalisation of digital currencies has become a divisive topic, the Reserve Bank of India (RBI) has put a ban on banks and any regulated financial institutions from “dealing with or settling virtual currencies”. The move in April 2018 sparked backlash from crypto enthusiasts, who defend their right to enjoy alternative finance means.

The CEO of India-based Cryptocurrency Exchange WazirX, Nischal Shetty, kicked off a social media campaign to attract the attention of Indian financial regulators over the need for ‘positive regulation’ ofcryptocurrencies, which provide the Indian population with an innovative, necessary and accessible tool for economic growth: “Please bring positive regulations in crypto and over 5 million crypto Indians will be thankful to you. Youth of India have found a new way to make wealth & this is especially important when there are not enough jobs for everyone,” he said.

Crypto experts have already stated that 2019 should be “the year of crypto regulation” and represents an important move towards allowing the blockchain revolution to truly thrive and improve financial practices around the world.

“Regulations are a necessary step to take the crypto industry to the next level. We have seen numerous cases of fraud and scams in the ICO space in the last couple of years, which has put off institutional investors and created a sense of distrust in crypto projects. However, with a regulatory framework in place, cryptocurrencies and tokens are no longer products of mere speculation. They have become real assets. It benefits both the investor side and companies themselves, and shows the maturity of the crypto market,” says Stefania Barbaglio, Director at Cassiopeia Services, leading crypto & blockchain PR.

Keep an eye out for upcoming interview with Nischal Shetty about the crypto scene in India and the impact of cryptocurrencies on emerging markets. Follow us on @cassiopeia_ltd and subscribe to our YouTube channel FinancialFox.

Calls for crypto regulation gather momentum around the world

As the crypto market matures and gains relevance within the global economy, executives, investors and even public bodies worldwide are calling for clearer crypto regulations.

In 2017 we witnessed the ‘Bitcoin boom’, with skyrocketing prices and major attention driven towards cryptocurrencies.

Since the Bitcoin Boom in 2017, the crypto market has exploded with Initial Coin Offerings — the controversial ICOs — with many of those projects, under the flag of the crypto revolution, proving to be nothing more than artifice designed to trick eager investors into putting money into a business that was never realised.

Nevertheless, the high number of fraudulent ICOs is more a representation of dubious morals than a testament of the actual revolutionary nature of blockchain. The challenge posed by the introduction of cryptocurrencies and tokens has allowed for an expansion of investment opportunities for new groups of investors, as well as giving millions of unbanked people around the world an alternative means of finance.

This realisation is slowly spreading among financial regulators, which are now exploring the ways that crypto technology can be integrated into the widerfinancial and regulatory market framework.

In recent months, with the rise in the popularity of tokenised securities — a SEC-compliant class of digital assets, comparable to equities stocks — the theme of regulation is spreading across the crypto space.

At the moment, although the EU does not present a unified framework regarding cryptocurrencies — regulations vary by state members — the European Central Bank has shown plenty of initiatives in exploring ways to regulate and manage cryptocurrencies.

In the beginning of 2019 alone, two major European regulatory bodies, the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have publicly called for better assessments of crypto technology and its impacts in order to develop appropriate regulations.

In an official statement, the EBA said it is calling for regulations to protect investors above all, and has asked the European Commission for a comprehensive analysis to assess whether unified crypto rules are needed across the region. In addition, the ESMA’s recommendations advise the EU Commission on the current regulations which can be suitably applied to crypto assets.

In the emerging markets scene, where the positive effects of cryptocurrencies are more tangible, calls for regulation have also risen, with movements urging authorities to work on implementing and regulating cryptocurrencies.

In India, where the legalisation of digital currencies has become a divisive topic, the Reserve Bank of India (RBI) has put a ban on banks and any regulated financial institutions from “dealing with or settling virtual currencies”. The move in April 2018 sparked backlash from crypto enthusiasts, who defend their right to enjoy alternative finance means.

The CEO of India-based Cryptocurrency Exchange WazirX, Nischal Shetty, kicked off a social media campaign to attract the attention of Indian financial regulators over the need for ‘positive regulation’ ofcryptocurrencies, which provide the Indian population with an innovative, necessary and accessible tool for economic growth: “Please bring positive regulations in crypto and over 5 million crypto Indians will be thankful to you. Youth of India have found a new way to make wealth & this is especially important when there are not enough jobs for everyone,” he said.

Crypto experts have already stated that 2019 should be “the year of crypto regulation” and represents an important move towards allowing the blockchain revolution to truly thrive and improve financial practices around the world.

“Regulations are a necessary step to take the crypto industry to the next level. We have seen numerous cases of fraud and scams in the ICO space in the last couple of years, which has put off institutional investors and created a sense of distrust in crypto projects. However, with a regulatory framework in place, cryptocurrencies and tokens are no longer products of mere speculation. They have become real assets. It benefits both the investor side and companies themselves, and shows the maturity of the crypto market,” says Stefania Barbaglio, Director at Cassiopeia Services, leading crypto & blockchain PR.

Keep an eye out for upcoming interview with Nischal Shetty about the crypto scene in India and the impact of cryptocurrencies on emerging markets. Follow us on @cassiopeia_ltd and subscribe to our YouTube channel FinancialFox.

Cassiopeia trends to watch in crypto and blockchain for 2019

The year to come promises yet more innovative mainstream blockchain and cryptocurrency applications. Two years after the bitcoin boom, we can see increasing understanding of cryptocurrencies and markets reaching greater maturity.

Whilst the hype around bitcoin has certainly passed, the advantages and benefits of deploying blockchain have only just started to show. Blockchain technology itself has improved in 2018, with greater scalability, more decentralised features and enhanced security. One thing we can be sure of is that in 2019, the blockchain and fintech revolutions will continue to gain ground, paving the way for more innovations to enter the market.

The external mood is causing investors and entrepreneurs to steer clear of traditional markets. With the political climate bringing chaos in the UK and Europe, coupled with low oil price expectations and continued volatility in equities, alternative investment options, as those found in the crypto market, can be much more attractive.

Check out our predictions in the blockchain and crypto space for next year and pick your favourite projects.

  1. Bitcoin out, Altcoins in. DigiByte under the spotlight

The Bitcoin hype is certainly over, and the last year has created a chance for other crytpocurrencies — known as altcoins to shine.

One of the most successful of such projects is DigiByte (DGB). Powered by strong community effort, DGB is a token designed for mass scale adoption and cybersecurity. DGB is the fastest and most scalable blockchain in the world due to its design choices, such as multi-algorithm mining and decreasing block times. Every 2 years, the DGB blockchain's dynamic strcuture system doubles the number of transactions per second by doubling the block size. In 2019, capacity should reach 1100+ transactions per second, with a maximum capability of 280,000 transactions per second by 2035.

Another crypto in strong favour is Ripple. Desgined as the cryptocurrency of banks and international companies for money transfer, its token XRP allows users to send money all around the globe at high speed and low cost. Ripple is becoming further integrated to banks and fintech systems and is already being used by over 100 companies worldwide.

2. The Darwin Effect in the ICO market.

Capital to be directed to projects with stronger use cases.

After the ICO boom in 2017 through 2018, the next year will bring a more ‘evolved’ phase of the ICO market. Many of the vast number of coins launched over the last couple of years proved to be poorly managed projects with no real or practical applications, or in some cases even fraudulent.

The future of ICOs is in projects that present great scalability — ability to grow without losing efficiency — and strong use cases. Coins and tokens to watch are those that can add real value to the user experience and provide new avenues for efficiency in business models while promoting innovation.

With the introduction of more reliable regulating mechanisms both at governmental and community level, we’ll see a cleansing in the market, with a ‘survival-of-the-fittest’ model allowing only the most solid projects to stay in the game.

3. The Technology Revolution is on: Blockchain meets AI

The integration of blockchain with other disruptive technologies such as artificial intelligence is already a hot topic this year — a trend set to increase even more. Recently, Google announced solid moves to widen its AI team and research. The tech giant has promised to deploy AI features to social change projects and develop fairer machine learning mechanisms.

We should also expect further integration of blockchain into platforms with AI and Internet of Things (IoT). IoT is a system of multiple interconnected devices, all with unique identifiers and capable of transferring information between one another via network connection.

Because of its decentralisation, automated data and strong security framework, blockchain is an ideal underlying structural technology for many industries.

4. Crypto market matures and becomes more sophisticated amid widespread adoption of blockchain by different industries

According to a survey by the International Data Corporation, in 2019, we can expect more investments in blockchain projects as investors are searching for increasingly sophisticated solutions, faster networks and a higher degree of innovation. The technology is set not only to generate new applications but also be integrated into already existing systems. Respondents reported being keen to take blockchain on board as it will provide significant benefits to their companies and improve their way of doing business.

In the crypto market, the trend indicates that the number of exchanges and listed coins are continuing to grow, but also that the crypto market in general is more mature, more sustainable and receiving more substantial investments from institutional investors.

Aside from finance, so many different industries can benefit from adopting blockchain. One of the prime cases is Online Blockchain (OBC), a pioneer tech company developing a number of blockchain projects around the world. OBC employs a long-term strategy, analysing various markets and applications where blockchain can bring disruption. Throughout 2018, the company has launched cryptocurrencies in many Asian and Latin American countries, as well as establishing partnership with a gaming company to integrate blockchain into its gaming features.

5. Stronger crypto communities: DigiByte in the driving seat

With the widespread adoption of blockchain and people getting used to the decentralised ecosystem, there is an atmosphere of understanding and appreciation. People all over the world are beginning to understand the power of decentralisation so are keen to get involved in blockchain projects, sharing ideas and bringing their contributions to the cause. This proactive social involvement and engagement in the technology revolution has resulted in digital communities which are starting to serve as a key element for any project aiming at a wide adoption. They are also the new protagonist of a new marketing and communication frontier.

One example of such a strong and effective community is the community around DigiByte Coin. Tens of thousands of people from all over the world have contributed to DigiByte in countless ways over the past half-decade to make it what it is today. In fact, in a first-of-its-kind DGB event in London hosted by Cassiopeia Services, the founder of DGB Mr Jared Tate himself admitted that one of his developers is someone he has never met in his life, showing that people’s strong belief in DGB is the real reason behind its immense growth. Those people are highly motivated, driving the development of blockchain with new project ideas, all the while spreading awareness.

The next DGB event, DigiByte Global Summit is taking place in Amsterdam on 19th April 2019. Registrations now open here.

5.The Power of Decentralisation: Increasing Decentralised Applications (DApps)

The coming year will see a prominent boost in the adoption of decentralised applications. Any centralised database can be converted into a distributed, scalable database that can be used to power such innovative applications.

More recently, the scalability of DApps has been improving and investor attention is turning to the different applications that are built of top of blockchain platforms. One of the most prominent coins developing and exploring DApps is DigiByte, which has implemented further decentralisation features and increased security for the new generations of crypto applications.

Decentralised applications run on a peer-to-peer network, rather than a single computer, and have existed since the advent of peer-to-peer networks. They are a type of software program designed to exist on the internet in a way that is not controlled by any single entity. A DApp is a distributed application that runs its back-end code on a distributed ledger network. DApps can be designed to be censorship-resistant and prevent a failure or attack from a single point. The software program is designed on the internet where consensus — rather than a single entity — is the control. DGB’S focus on DApps regarding decentralised networks will cause a paradigm shift in the industry’s software models. The distributed, transparent, and incentivised application will transform technology, especially the app industry.

Games as DApps have already started to get the attention of millennials, an area which is expected to increase considerably in the coming year. One such example of a potential ICO is ULTICOIN.

6. Regulations and jurisdictions: Increase watchdog

Along with the ‘mainstreaming’ of blockchain come regulations and legal frameworks to standardise it. Countries like Malta, Gibraltar and Switzerland have already indicated moves towards welcoming crypto into their economies and legislations.

In light of expansive growth, other economies are working on strategies for digital economy and fintech, with special address to cryptocurrencies. In Europe, Switzerland takes the lead in welcoming blockchain and disruptive technologies into a regulatory framework. During this year, the country has established a crypto sector within FINM, its financial market regulatory body. In recognition of the increasing number of coins on offer under the Swiss market, the body has set specific rules for ICOs and digital assets, aiming to better protect banks, businesses and customers who transact with cryptocurrencies.

Malta has also followed similar steps to set cryptocurrency regulations which came into effect in late 2018 under the The Innovative Technology Arrangement and Services Act. The small country is indeed showing itself as the leading nations in embracing blockchain. Malta is home to famous crypto exchanges such as Binance and BitBay, and has established a partnership with OKEx to launch a new crypto exchange with the fintech arm of Malta Stock Exchange Holdings.

7. Gaming innovation and development. Gamification to spread

The multi-billion-dollar gaming industry is usually seen as a forward-thinking space in terms of adopting new technologies. This is (almost certainly the case with blockchain. Projects integrating blockchain into gaming services or coupling gaming and cryptocurrencies have recently emerged and are showing strong tendencies towards growth.

Gaming platforms built on blockchain offer many more features to users such as increased security and transparency, and the ability to trade assets without the need for a third party — which would usually set rules and charge fees.

Furthermore, projects such as ULTICoin offer gamers — for the first time — the chance to exchange their gaming tokens into cryptocurrencies and potentially fiat currencies, promising to turn gaming into a profitable activity and make the market increasingly attractive to investors. ULTI capitalises on the value locked in the gaming market, giving more power and control to developers over earnings and distribution.

A decentralised gaming market allows more independence for all parts involved, as it eliminates the middlemen who can delay proceedings or deprive these developers of their entitlements. On top of that, blockchain helps with distribution and publishing fees, arbitrary selection and restrictions.

8. Future Economy Tokenisation & Digital Security Assets

Structurally comparable to stocks, tokens are becoming the new assets, with the advantage of being more user-friendly, as tokens — more accurately called digital assets — are more practical and tangible. Usually located in digital wallets in smartphones, tokens are secure and immutable, representing a more attractive alternative to the old environment of the stock market.

Security tokens are fully-compliant digital assets representing the ownership in traditional asset classes such as real-estate, equities and bonds. Thanks to blockchain, investors of all levels are able to access investments on a 24/7, transparent and global platform to trade securities of all kinds.

Swarm Fund is at the forefront of the digital security implementation in market and investment. Swarm is the Open Infrastructure for Digital Securities and the first private equity blockchain fund: an open-source fully regulated platform for scalable crypto investments. In essence, Swarm is a decentralised capital marketplace that democratises investment in crypto security assets offering a fully compliant and legal infrastructure.

It offers a wide variety of investment options in crypto security assets, within a fully compliant and legal infrastructure. The investments are all built on the same platform: new opportunities and free access to digitised assets to any investor on a non-discriminatory basis.

Crypto experts believe that, due to increased sophistication and better regulation, Security Token Offerings will be just as successful as the movement in the ICO markets in 2018, or even more so.

9. Cybersecurity at the top

While a digital economy can make doing finance easier, it also poses risks of data breaches and hacking. Therefore, the future calls for better management of digital assets at all levels and more sophisticated mechanisms to counter malicious acts.

DX exchange is the first crypto exchange powered by NASDAQ. Its technology relies on NASDAQ’s infrastructure, such as its matching engine, used by over 70 exchanges around the world. DX’s regulations meet the highest regulatory standards, thus avoiding common errors and bugs, such as double count trading, and in general prevents fake volumes.

Cybersecurity is a major concern for crypto exchanges, as has been seen in numerous cases. This issue will also be addressed with the help of NASDAQ’s infrastructure, and Daniel Skowronski, the CEO of DX exchange, has promised to hire the best specialists in the field to avoid hacks and other malicious attacks.

10. Decentralised Exchanges (DEX)

The past couple years have seen centralised crypto exchanges being hacked, and attacked by regulators as a result. One of the trends in 2019 will be the growth of the decentralised exchange, which introduces the features of blockchain to the market structure. Even though DEX architecture employs centrally-managed, off-chain order books, traders retain possession of their private keys until a counterparty is found, at which point the trade is executed on chain.

11. Fintech spurs growth in developing countries

In emerging economies, technological developments are set to prompt economic growth and societal change by increasing financial inclusion and individual empowerment. Fintech tools, especially mobile banking, have helped millions of unbanked citizens to manage their money better and more safely.

In Africa, where the vast majority of the population works in agriculture, technology can make a big difference. Use of innovative tools allows small holder farmers to grow production and make a living. Block Commodities, a leading agritech company operating in Africa, has developed Farmer 3.0, a farming model that integrates small scale farmers into commercial supply chains and markets with the aid of disruptive technologies. With the use of digital finance, as well as big data, artificial intelligence, drones and machine learning, farmers are able to reduce inefficiencies in their practices and maximise production as a result.

12. Blockchain to combat fake news: Securing your digital identity is now a priority.

Among its various applications, blockchain technology can underpin online platforms that promote more authentic relationships between users and a healthier social media environment overall.

During 2018, we witnessed the spread of fake news on social media for political purposes. In light of this, technology companies have started developing applications to counter malicious content and bad actors online. One such company is Right of Reply, which is harnessing blockchain to create multiple platforms which can better regulate online interactions.

One way of addressing the fake news problem is to allow opposing ‘sides’ of a story to tell their respective versions within the same platform, to save time and enhance relevance. For this to happen, users need access to mechanisms which can manage their reputations and flag any mention of their names in online content.

RoRkey, Right of Reply’s technology subsidiary, focusses on aligning digital and real identity to allow verifiable identity and truth.

RoRKey offers verified digital reputation identities for registered users (DRI Standard and DRI Pro) which allow them to interact in a secure and protected ecosystem in various social communications and online media content as well as offering a verified ID that can used for different services within Right of Reply and its partners.

DRI Pro utilises a thorough identification process, requiring each user to undergo significant KYC (“know your customer”) and AML (“anti-money laundering”) procedures. This verification process reflects financial service level procedures, and includes the delivery of private and public encryption keys to the registered user.

Right of Reply and RorKey are planning to partner with other third-parties such as financial institutions, utility and insurance companies, online payment platforms, websites and social media to use DRI Pro as the means to prove the user’s digital identity. The plan for for DRI Pro is to become an officially recognized legal proof of ID.

The trends above set the scene for what we can expect in the tech space and the areas where growth and opportunity are brewing.

“Individuals have finally understood that blockchain is so much more than bitcoin and can truly revolutionise the way many industries work. Embracing this technology is not only positive but necessary to survive in an increasingly competitive space,” says Stefania Barbaglio, director of Cassiopeia Services, a leading PR/IR company acting in the blockchain space.

“The key to successful projects is to have strong use cases and applications that can add value to people and society. Innovation is the rule.”

“Without our community, DigiByte would be nothing,” says DGB founder Jared Tate at the first UK…

“Without our community, DigiByte would be nothing,” says DGB founder Jared Tate at the first UK Digibyte Event in London

Cassiopeia is thrilled to share the success of the first ever kind of exclusive DGB event in the UK which took place in London last Sunday 18th November.

The founder Jared Tate attended the reception to give DGB community a first-hand insight into his vision and DGB future. In Jared’s own words, he conceived the idea of DGB as an improvement over the Bitcoin protocol. “The main difference between bitcoin and DBG is in the very origin of their blockchain: DGB’s genesis block was created keeping in mind the safety and privacy of online customer data.”

DigiByte is a forward-thinking coin: DGB had no ICO or pre-mining. It is largely decentralized, which means full user autonomy. DGB has one of the strongest user cases in the cryptocurrency market: DGB can support over 48 million transactions a day –10 times the current transaction capacity of the top 50 blockchains by market cap. DigiByte can handle the expected transactions from several million users instantly, with no changes needed to the existing blockchain. The DGB platform can also support arbitrages and fund remittances.

Five years since the inception of the coin, Jared feels ‘exciting overwhelmed and very happy’ by the support and strength of the DGB community.

The community-driven effort and the tremendous faith that Jared has in the people supporting his project are the key factors that make DGB so unique and compelling. So much it is true that Jared says one of DGB’s leading developers is someone who he has never met but because of trust his vision and idea.

The potential of DGB as a mass-adopted cryptocurrency lays on its strong cybersecurity feature — and the deployment of blockchain technology to address the security flaws online.

Jared thinks that the internet, as it is today, is fundamentally broken. The centralised databases which currently support the system act as a catalyst for single points of failure. Thus, what DGB has intended to and continued to strive to achieve is to provide an utterly decentralised platform which is efficient, fast and secure.

One of the major updates of DigiByte is the improvement of one of its five mining algorithms that changes itself every 10 days. This has increased the security of the network by making it hard for coders and developers to guess the sequence and manipulate the blockchain.

When asked about his vision for DGB, Jared highlighted the importance of ‘Digi assets’, a second layer is built on top of the DGB blockchain. The Digi assets promise to be a revolution in the field of data privacy and security. Some of the sectors which is set to revamp are the health care system, real estate, politics, as well as improving payment and remittance systems.

Another special guest was DANIEL SKOWRONSKI Co-Founder and CEO of DX. Exchange. DX is the first fully EU regulated, complete crypto community that allows institutions and individuals to trade cryptocurrencies with fiat. Having years of experience trading on the financial market, Daniel is building DX Exchange on the Nasdaq’s leading matching technology.

From DigiByte’s perspective, the listed on DX exchange is a big milestone. “I’m very excited to bring DigiByte into DX Exchange. I believe the coin has a great future,” said Daniel to DGB investors.

The event was successful not only because all the investors were so engrossed in Jared’s insights but also because this was the first time in the UK that DGB enthusiasts could meet one another. Apart from founder Jared Tate, other special guests included Steem blockchain ambassador Stephen Kendal and the founder members of the DigiByte Awareness Team.

The interaction between investors was friendly and energetic. There were plenty of questions and raised between the guests to be answered by Jared and much knowledge was shared among the DGB community. In an interactive way of displaying the peer to peer transaction of Digicoins, Deano from the DigiByte Awareness Team purchased the DGB socks from another DGB investor by transferring him 100 DGB instantly and in real time.

The atmosphere reflected the true spirit of DGB: open, transparent, engageing. While the coin continues to strive towards excellence and improve its protocol, we can see that its ideology remains the same — and this is what it makes DGB so powerful and game-changing.

Digibyte Blockis a technology for the people, by the people.

Watch highlights of the event here

DigiByte strengthens decentralisation feature as UK gears up for first DGB meet up

Earlier this month, Digibyte (DGB) team announced ASIC Protection for Next-Generation Blockchain Mining with a view to decentralising its network. This also means increased protection and security.

The forward-thinking DGB is one of the very few small-scale coins seeking to grow its outreach and expansion programme envisioning mass adoption.

DGB platform announcement

Just a few days earlier, DGB became listed on Bitfinex, one of the largest and most important crypto exchanges. The listing endorses the long-term perspective of DGB and increases awareness around the coin, potentially bringing about positive implications on its value and trading. Often, when a crypto lists on a big exchange, it tends to bump.

According to crypto analysts, Digibyte has the potential of reaching $1 as the coin develops and its features become more sophisticated. DigiByte boasts the longest blockchain and its structure makes it cross-compatible with any other blockchain.

“The beauty of decentralisation is that you can do anything with it,” said Jared Tate, founder of DGB, who believes the world is on the verge of a new internet structure made possible by decentralised networks. He hopes DGB will be a key player in this new decentralised era, enabling users to have full control of their digital assets, finally ditching centralised institutions and middlemen.

Blockchain is a worldwide phenomenon. We’re at a point where everyone has realised that this technology is not going away; it is a paradigm shift in computer science and the architecture of the internet.“

Why invest in DGB? One of the strongest use cases in crypto

Digibyte is the ideal coin for those looking for long-term prospects. The coin is backed by a strong team and a very faithful community.

Launched in 2018, the Digibyte Awareness Team was born from a community-led effort to increase education and awareness about the power of Digibyte and blockchain.

Compared to other tokens, DGB offers multiple advantages, with a stronger user case: DGB can support over 48 million transactions a day — 10 times the current transaction capacity of the top 50 blockchains by market cap. DigiByte can handle the expected transactions from several million users instantly, with no changes needed to the existing blockchain. The DGB platform can also support arbitrages and fund remittances. Furthermore, Digibyte has a strong case for low transaction fees when compared with other crypto players.

DGB’s use case has showed significant improvement over the last year. Throughout 2018, the coin has been adopted as an alternative currency for many transactions in Venezuela, further proving the point of mass adoption. On top of that, platforms such as Antum are now using Digibyte for cybersecurity. The use cases keep adding value to DGB, and with time, we will perhaps see a number of businesses building on top of the Digibyte (DGB) blockchain.

Countdown to the first DGB gathering in the UK: November 18th

New developments within the DGB space are coming in just a few days to the UK’s first ever DGB event, taking place in London next Sunday. Investors and supporters will have the chance to meet Jared, the ’DigiMan’, talk to him face to face and hear about Digibyte’s news and his next plans. Other special guests include well-known Steemit ambassador Stephen Kendal and ‘Deano Digi’, joint founder of DGBAT, the DGB Awareness Team.

“We are introducing an innovative approach to crypto communities, bringing reality and personal relationships into a world where most interactions only take place online and a great deal of projects in this space are untrustworthy and illegitimate,” said Stefania Barbaglio, founder of Cassiopeia and organiser of the gathering.

“Digibyte was one of the first crypto coins to hit the market in the pre-ICO days of 2014 and since then has been growing organically, creating one of the largest and strongest online communities. We want more people in the UK to meet this community and understand that the world is moving in a new direction,” she added.

Cassiopeia looks forward to meeting Jared Tate and all of the DigiByte Community on Sunday 18th November in Central London for a unique and epic event. Only a few places left. More info on the event and registration form can be found here.

‘Crypto is not real money’? Google shows itself to be clueless about crypto

Google recently released an ad for its new product ‘Call Screen’, where it pokes fun at crypto mining, stating that the activity costs more in energy than the profit made. The Google Call Screen ad describes cryptocurrencies as ‘money that isn’t real’, implying that mining coins to get revenue would be foolish.

Ad for Google's Call Screen

A year after the big Bitcoin boom, cryptocurrency has become a more widespread concept and the crypto market more mature, with altcoins also sparking interest.

It is surprising that a company of Google’s standing would publicly express this level of scepticism towards crypto and blockchain, says Stefania Barbaglio, crypto PR expert and founder of Cassiopeia Services: ‘It demonstrates only superficial knowledge of the crypto space, showing that Google is clueless about the potential behind crypto.’

Stefania Barbaglio’s interview on Bloxlive.tv

Google pokes fun at crypto

It is well known that Bitcoin mining consumes a lot of energy, so it is not a profitable activity for the average individual. However, the crypto market is filled with altcoins designed differently from Bitcoin in this respect. At this point, viewing Bitcoin as the flagship cryptocurrency shows little knowledge of, and disregard for, today’s fast-growing, diverse crypto market.

Fundamentally, Bitcoin was developed in proof-of-work (PoW), a process that requires considerable energy. However, the newer generation coins employ proof-of-stake (PoS), which is less energy consuming, increasing the advantage for individual miners. To mention only a few such altcoins: Cardano works on proof-of-stake (PoS) and now Ethereum is about to move to its Casper proof-of-stake model, which will substantially reduce mining competition and the like; NEO and Hyperledger are the next-generation coins with even lower electricity costs and related carbon footprints. Cryptocurrencies are evolving and making their system more efficient in the process.

Looking at the big picture, even the expensive Bitcoin cryptocurrency mining is overall much cheaper than the traditional banking system as a whole. Aside from that, crypto is much more than digital money. The blockchain technology that underpins cryptocurrencies has proved to be a game-changer, challenging the established ways of doing business and transacting, taking away the central power from big institutions while empowering individuals with greater access to and control over their own transactions.

‘Google is a centralised system: it wants to protect itself and show that its centralised worldwide data system is still the leader. Unfortunately, we have reached a tipping point with blockchain shifting the power paradigm of centralisation to decentralisation. What smart tech companies should do is to adopt forward-thinking, inclusive strategies to integrate these new technologies into their systems’ she says.

The role of some cryptocurrencies is to facilitate transactions without traditional money and the associated banking system, allowing wider access, fighting inflation and reducing third-party fees. The irony for Google is that some cryptocurrencies are indeed used just as money would be to pay for goods and services.

Among its many applications, blockchain can after all be a challenger to Google’s solid dominance online, as it allows for different types of search engines to emerge, such as a human search engine, where users participate in the process of filtering information and help clarify the search request.

Stefania also highlights that Google’s stance on blockchain and crypto does not affect the crypto community: if anything, it clearly shows Google’s limited knowledge of the crypto space and its opportunities.

The released ad represents a controversial move by Google, just days after it reverted its ban on crypto ads in a few countries, when the company signalled a more welcoming attitude towards crypto. Earlier this year, Google had banned Chrome browser mining plug-ins, and then all cryptocurrency ads from its platform, with the aim of protecting its customers from potential scams and misleading services that could be found in the crypto space — only to ease out the ban a few months later once it realised that the move had been a mistake.

’Google realised how big the crypto market is, and the opportunity they would be missing out on if they weren’t flexible — that’s why they had to revert their ban on crypto ads,’ says Stefania. ‘The crypto advertising market is huge, so putting a ban on Google ads would prevent them (Google) from making money and reaping the benefits of this significant crypto community and industry. It seems that Google contracted a case of FOMO (Fear of Missing Out). Google wants a cut of the crypto trading profit and markets, so has turned on the green light for these institutions.’

Other tech giants have also started to embrace the technology. Facebook had partially lifted its own crypto advertising ban in mid-June and it is said that Zuckerberg has employed a blockchain research group, even if its purpose is not yet clear.

Brazil warms up to crypto: Institutional investors welcome the crypto market as the population…

Brazil warms up to crypto: Institutional investors welcome the crypto market as the population wakes up to blockchain’s potential

Institutional investors in one of the Americas’ largest economies are signalling solid moves to incorporate cryptocurrencies into their agendas, as Brazil becomes fertile ground for crypto. In a country with much inequality but significant potential for growth, digital currencies have double the appeal for its heterogeneous population: an investment for the middle class, and a gateway into the financial ecosystem for the unbanked or those of lower socio-economic status.

Grupo XP, the largest independent brokerage in Brazil, launched on its cryptocurrency exchange Xdex for Bitcoin and Ethereum on Tuesday 9th. XP has grown over the last few years by targeting Brazil’s middle class with offers of online investment platforms.

CEO Guilherme Benchimol has recognised the need to incorporate cryptocurrencies to the firm’s trade, saying they felt ‘obligated to start advancing in this market’, as he highlighted that around 3 million Brazilians have exposure to Bitcoin, providing a huge opportunity compared with the figure of around 600,000 that invest in stock.

Despite reluctance from the conservative banking sector in Brazil, the crypto frenzy is indeed gaining traction in the country thanks to its ability to offer individuals empowerment over their own finances. More than just a form of investment, cryptocurrencies pose feasible alternatives to the lower classes in Brazil who are financially excluded from the banking system.

Developing economies across the globe still present high rates of financial exclusion and interest rates, a gap which has been addressed by fintech companies that are deploying blockchain to create a more inclusive financial system, challenging the way traditional banking works.

Leading UK blockchain company Online Blockchain plc (OBC) is launching multiple tokens in Latin American and Asian emerging markets as part of their strategy of exploring the cryptocurrency potential in such markets. Over the first half of 2018, Online Blockchain launched Buenos coin in Argentina, Brazio in Brazil and Manila Coin in the Philippines.

CEO of Online Blockchain, Clem Chambers, highlighted the opportunity for tech companies to create a revolution: “OBC is applying the tried and true strategy of thinking globally but acting locally. We are looking at different opportunities for crypto projects locally where we see a need and a community to serve, such as the Philippines and South America.

Emerging markets have always had challenges with their financial infrastructures. South America has 40% less banking per head than Europe and even advanced Brazil has 20% less banking per head than Europe and the US. Cryptocurrencies and blockchain can give emerging economies a chance to leapfrog the legacy issues and the opportunity to steal a march on G7 countries forever hijacked by their bankers,” Chambers added.

OBC’s Brazilian coin, launched in May, is now listing on SouthXchange, bringing cryptocurrencies one step closer to being considered mainstream in South America’s emerging economies. Brazio was designed to enable the people of Brazil to create their own financial infrastructure with a fair, self-governing, decentralised network.

The company hopes that Brazio will be “an exemplar for the standards by which cryptocurrencies are implemented for the good of developing and unbanked countries.“

“Brazio employs all of the robust features of the bitcoin blockchain, such as excellent security, fast transactions and decentralised governance, but has been customised and improved with the interests of the Brazilian people and economy in mind,” said Oscar Chambers, Lead Developer of Brazio.

From equities to crypto: Essential know-how for investors joining the blockchain revolution

Amidst the current frenzy around blockchain, many investors look at the crypto market and wonder if they are missing out on something. In the latest episode of the FinancialFox, notorius equities investor Chris Oil and the well-known crypto ambassador Stephen Kendall get together to discuss financial markets, investment opportunities and cryptocurrencies.

Old school sapient Investors, like Chris oil, don’t want to miss out on the blockchain opportunity but still fear the crypto market comparing it to the dotcom boom thus most do not invest in crypto coins. Too volatile, maybe too new. Another matter is blockchain technology.

Blockchain is a distributed, decentralised technology which can be applied to multiple ends. Even though they are blockchain’s best-known deployments, cryptocurrencies are in fact only one possible application of blockchain systems.

Despite the growth in crypto, more ‘conservative’ markets such as oil and gas still offer plenty of opportunities for investors. For those interested in this space, Chris says to keep an eye on the infamous Horse Hill Weald Basin and Solo Oil (LSE: SOLO) and then the African Chariot Oil (LSE: CHAR). And “don’t forget uranium which is going to up significantly in the next three years, and you want to be buying it now at the bottom. The best companies to look are listed on the Canadian and Australian Stock Exchang”e, says Chris Oil.

Just as the dotcom boom, the blockchain revolution has prompted a surge of multiple companies within the tech sector, so we are not short of projects and ICOs trying to earn their place in the crypto space. This also means that many of these projects are unlikely to survive once the frenzy is over.

The key, says Chris Oil, is to invest in the strong survivors, such as Online Blockchain (LSE:OBC). Throughout 2018, OBC has launched a couple of tokens in Latin America and Asia as part of their strategy of exploring the cryptocurrency potential in emerging markets and serving community development.

On top of that, OBC has created PlusOneCoin, a unique social affirmation coin for the investment and trading community. The coin is hosted by the biggest investor platform ADVFN and can be earned through chatroom interactions. Last week, PlusOneCoin experienced a 34% increase in just 24 hours due an increased mining interest, following a summer of solid performance.

Chris Oil and Stephen Kendal are interviewed by Stefania Barbaglio on FinancialFox

In the crypto sphere, the savvy Chris Oil believes the strategy for investors should be not to invest in cryptocurrencies directly, but instead research and invest in companies who deploy blockchain to some end; for example, Block Commodities (NEX: BLCC), the agri-tech company developing a blockchain system for African farmers.

After all, the true power of blockchain lies on its potential to disrupt multiple systems which are right now controlled by one single entity.

For those who are curious about crypto but not yet familiar with it, Stephen believes that the platform Steemit.it is a good place to start. Steemit.it works as a social media/ forum platform for users to interact, but also allows users to mine Steem coins themselves, giving them great insights into the blockchain world.

Kendall believes that the blockchain revolution is only one of the steps we are taking to realise the full potential of the internet, and there is much more to come. Blockchain could allow virtually any system to be opened and decentralised.

We are on the verge of a revolution that will transform markets into a tokenised system, with no central authority and where each part of the network answers for itself. Timothy John Berners-Lee, the inventor of the World Wide Web, had already envisaged the power and accountability of a decentralised system when he created the internet, says Stephen.

“Over next decade, there will be a migration from the old archaic centralised system sat on the internet, to a fully decentralised system which is going to allow everything to be accountable for the first time,” says Stephen Kendall.

Crypto projects can be very ambitious and innovative, gathering strong community support, like Digibyte, for example. Created four years ago and with a growing community, Digibyte has increasingly more influence in the crypto world. Its followers are passionate and believe in the cryptocurrency’s potential to become a global coin. Proof of this is the Venezuela project, a initiative from the Digibyte community to support the people of Venezuela with Digibyte, propelling the argument that the coin can increase financial inclusion and be mass-adopted.

Crypto master and entrepreneur Clem Chambers believes that equities and crypto are not necessarily rivals but actually complement each other, and the combination of the two can make an investment portfolio very powerful: “Bitcoin is new wealth in the same way as a new gold mine would make the world wealthier. There is no reason that Bitcoin can’t be worth what all the gold on earth is, or much more. Bitcoin has a better use case than gold but the use case of Bitcoin is not exactly the same as gold and will not make gold obsolete.”

Many developments are still to unfold as the blockchain revolution gains ground around the world and more innovative projects emerge. It is definitely a market to watch.

At Cassiopeia, we are committed to help private investors who wants to better understand blockchain and the opportunities it opens up. Sign up to our FinanciaFox Channel for more video interview, our Medium for news and our website for our next crypto symposium.

PlusOneCoin bucking the crypto market trend

PlusOneCoin is a unique social affirmation coin for the investment and trading community. The coin was developed in a joint venture between ADVFN and Online Blockchain (OBC) both of which benefit from a highly experienced common team. The team is steadily progressing with the coin applications moving beyond the standard altcoin model.

PlusOneCoin offers more than just the average social cryptocurrency; it is:

  1. A means to educate the ADVFN investor community -which pretty much focussed on the equity markets and used to speculating about stocks- about the crypto world
  2. A new community mechanism for the ADVFN BB (Chat Rooms) that rewards content creators and ADVFN platform generating crypto revenue
  3. A real life ‘sandbox’ for the OBC developers to build their middleware software around

As we as allowing users to monetise their social presence and one of PlusOneCoin’s major USP is its ability that it can be mined on any personal computer. There are essentially two ways of acquiring the coins:

1) Download a wallet (available for both Windows and Macs here — https://www.plusonecoin.org/ ) and mine the coins using your computers’ processing power.

2) Have your content up voted on ADVFN chat rooms (BB)

3) Buy/Trade the coin on Satoshi Coin Exchange (https://www.tradesatoshi.com/Exchange/?market=PLUS1_BTC )

How to upvote content
PlusOneCoin Wall showing top voted content

On Thursday, zccording to Satoshi Coin Exchange, PlusOneCoin had a 34% increase in just 24 hours starting from a Low: USD0.000006700.00000897 to High: USD0.00000897due to an increase in the mining of coin. Looking at the coin’s history as a whole, PlusOneCoin was listed on the Satoshi Coin Exchange on 14TH March 2018, valued at USD0.00000352, and has been performing well over the summer..

Last week PlusOneCoin started to spike on 10th September when it opened on a high of USD0.00000949 reaching highest value of USD0.00001331 on 12th September 2018. The figures also show an impressive consolidation in terms of volume, closing at 1178.8162 BTC for PlusOneCoin as compared to its humble beginning in March when it was valued at USD0.00090108 BTC.

Don't miss your chance to get your Plus One Coin Faucet!

Digibyte: Designing a universal crypto coin

Created in 2014 by Jared Tate, Digibyte (DGB) is a token like few others in the crypto market. DGB is designed to be mass-adopted, its strengths lay exactly in those areas which have proved to be problematic for other major cryptocurrencies such as Bitcoin.

Unlike other coins, DGB had no ICO or pre-mining. It is largely decentralized, which means full user autonomy. Founder Jared Tate has already made it clear that DGB was not intended to be only a form of payment, but instead a highly secure and user-friendly crypto coin.

Compared to other tokens, DGB offers multiple advantages, with a stronger user case: DGB can support over 48 million transactions a day –10 times the current transaction capacity of the top 50 blockchains by market cap. DigiByte can handle the expected transactions from several million users instantly, with no changes needed to the existing blockchain. The DGB platform can also support arbitrages and fund remittances.

Furthermore, Digibyte has a strong case for low transaction fees when compared with other players in crypto players.

Despite these advantages, DGB’s unique selling point is its security angle. Digibyte was one of the first platforms to activate Segwit, even before Bitcoin, which had over 230000 installs. DGB’s security system is so complete that there are more than 20 cryptos currently using DGB DigiShield security feature.

Digibyte is aiming to provide cybersecurity for IoT and AI devices, making DGB a leading cryptocurrency, combining Artificial Intelligence alongside its existing Blockchain technology. Projects which are able to develop a blockchain network securing these devices have the potential to grow in value and adoption in the next years.

Digibyte is also attractive from an investment point of view. DGB is one of the favourite altcoins for speculative trading in 2018. Predictions form crypto experts show that DGB has a 42% growth potential by September, and a 132% by the end of the year. It is said that DGB is hugely undervalued at moment “with realistic chances of growing beyond 600%,” according to Crypto Globalist.

All the features — and the promise of mass adoption — make DGB the ideal option for someone looking into investing in a crypto coin with high-return potential within 5 to 10 years.

The Venezuela Crypto Project: How to make cryptocurrencies

Digibyte Foundation was created in 2017 with the aim of applying blockchain to development causes, education and outreach. One of their first missions is to roll out The Venezuela Crypto Project, an ambitious campaign where the DGB Foundation has chosen Venezuela to run a real-life experiment in mass adoption of cryptocurrencies.

DGB has one of the biggest and strongest online communities. DGB followers firmly believe in the future growth of the coin and its ‘humanitarian’ angle: “I want us as a community to show that we’re not going to shy away from a little bit of charity and goodwill, just because cryptocurrency has been in a bear market lately,” says Josiah Spackman, from the Digibyte Foundation.

Their ‘Venezuela Crypto Project’ aims to provide 2 weeks’worth of payment in crypto coin to 300,000 people in the country to show that it is possible to untie economics and finance from politics, and prevent that economic chaos from descending amid political crisis. Mass adoption of cryptocurrencies is the way towards this.

“The project will benefit the population at large, having their minimal wealth and earnings

stored in something that will retain most of its value, even as international values

fluctuate. Cryptocurrency was chosen rather than other forms of aid, due to the relief it offers from poverty, while at the same time allowing the Venezuelan people to attempt to return their lives to normal. Regular charity is a short-term stop-gap measure, whereas replacing the now worthless Venezuelan Bolívar allows the people to take control of their own finances,” says the Digibyte Foundation’s mission statement.

For the project to succeed, DGB is addressing hindrances such as language barriers by providing services in Spanish, developing a mobile wallet that supports both Android and iOS systems, and extremely low transaction fees.

DBG wants to prove that crypto can create a financial system that is detached from political and economic factors, and international currency fluctuation.

Digibyte founder Jared Tate will be under the spotlight at the next Financial Fox. He will make the case for DGB mass adoption and tell us how cryptocurrencies can re-shape financial systems across the world. Send questions to Stefania@cassiopeia-ltd.com