We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Technology StocksFintech

Previous 10 Next 10 
From: Graystone9/27/2018 11:29:58 AM
   of 150
Instant payment confirmation

Electroneum is a crypto-currency that was forked from Monero, it retains the same ring signature cryptography and runs the original cryptonight algo but is now ASIC based after the release of the Baikal ASIC's for cryptonight. Monero forked again and announced they would fork on a regular basis to keep ASICs off the Monero blockchain, ETN embraced the more powerful solution (better transaction speed, more hashpower). On GPUs Electroneum was a .10 cent coin, on ASICs it quickly fell to a low of .004 cents. Recently they announced an API for ETN that provides instant confirmation of funds, it appears they sandbox the funds internally to prevent a double spend. The API is a standard API that any merchant can integrate. A company has adopted the use of ETN for purchases (Blublokr Sunglasses, haven't even looked at the details but I did read they now accept payment in ETN online, whowouldathunk).
Now almost quadrupled back to .02 cents (all USD) ETN is trading very strongly, mainly on the Kucoin and Crytptopia exchanges. Hard to say if it is going to be a widely adopted API but the cryptomarkets are giving it a test flight for sure, ETN/BTC pair on Cryptopia is at 355 BTC volume for the day (2.17 million USD) and it continues to trade strongly.

Buying selling crytpo requires an crypto-exchange account that offers FIAT/CRYPTO pairs. Most exchanges offer Bitcoin, Ethereum and Litecoin pairs ie BTC/USD, LTC/USD, ETH/USD. Open an account on one of these exchanges to move fiat into the crypto-world, then transfer the purchased BTC to a crytpocurrency exchange. Be very careful, almost every Altcoin is worthless. I would suggest evaluating coins based on the USDT (Tether) pair or TUSD (True USD Dollar) pair availability rather than just BTC pair availability. Every exchange will offer a USDT or TUSD market and that will offer a limited number of pairs to altcoins. These pairs can act as parking spots generally unaffected by volatility. I like these cryptocoins - BTC, XMR, CEFS, UBQ. That is it. I have mined just about everything that can be mined. I accumulate XMR and CEFS. I mine UBQ and XMR. TUSD is a stronger version of Tether for the truly skeptical, fully backed and audited and 1=1 to the USD.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: Graystone who wrote (115)9/28/2018 12:18:45 AM
From: Graystone
   of 150
Up 40% on 778 BTC

Anyone watching the movement on ETN has to be impressed. ETN has a lot going for it and may do quite well on this run at the FIAT wall. No crypto has cleared that wall yet but ETN has a solid base from which to jump. Fully compliant and widely distributed with an active user base, ETN has forged a unique relationship with mobile phone users and has the possibility of being adopted by telecom companies for instant payments. The adoption of ASICs has powered the blockchain to new levels of capability. The ETN API greatly increases the chance of this happening if it works well.

This is a solid move on ETN's part and could continue for awhile, it could well accelerate as reports of API integration and adoption filter back to the community.

Share RecommendKeepReplyMark as Last Read

From: Graystone10/1/2018 10:37:21 AM
   of 150
Consolidation at 300 satoshis
High over 400 satoshis

After hitting a high of 410 satoshis ETN fell back to 270 satoshis. It has consolidated at 300 satoshis and is still trading strongly at that level. (has been for the last couple of days)
I think the next move for Electroneum will be up again.
This price action certainly could be the result of manipulation by a whale and it could turn into a massive crash at anytime if it is (ie something like EVR (Everus), recently pumped then crashed for a 90% loss to all holders). It doesn't smell like a whale to me though. I actually converted a few hundreds of UBQ to buy some ETN. If you don't have a cryptonight ASIC it is very difficult to mine ETN today.

Used antminers are cheap and make about the same amount of money as you spend on electricity (in a favourable electrical pricing regime). If ETN pops though, what you mine today could become worth much more.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: Graystone who wrote (117)10/2/2018 11:33:44 AM
From: Graystone
   of 150
Crypto whales

The interest in cryptocurrency has created a brand new problem, whales. A whale is a person who controls a large amount of crytpocurrency and consequently the price of that crypto. Whalecoins are a new peril for the uninitiated. A whalecoin can have really massive moves, like $1 to $20 over the course of a few days, if you are in, it can be rewarding. That action is however, not designed to enrich you but to strip you of value. ETN is not a whalecoin, LGS looks like a whalecoin to me. ETN has solid volume across all the cryptomarkets offered on Cryptopia, LTC, DOGE and BTC, LGS has solid BTC volume and that is it, almost no LTC or DOGE volume. ETN has a solid community, a development team that has matured a lot since inception, many downloads of the app from both Google and Apple sites and a reasonable whitepaper outlining what they hope to achieve. LGS has a whitepaper that appears to be written by a drunk communicating in a foreign language. If you do invest in crypto it is very difficult to find real value. Watching for whales is another skill required to avoid being swamped.

Most cryptocurrency exchanges offers pairs for other cryptocurrencies. You need an account at an exchange that has crypto/fiat pairs to move money in and out of the cryptoworld. A small investment today could pay off many times over in the future as public ledger transactions gain momentum. In the beginning, most people thought email was a novelty that would never gain traction.

Share RecommendKeepReplyMark as Last Read

From: Graystone10/3/2018 10:31:03 AM
   of 150
The practice account
Crypto trading

A lot of people haven't taken the time to learn what a public ledger transaction is so they have trouble comprehending how this technology is going to change the world. I still hear people saying they would never invest in stocks, too risky. I remember the practice account days, learning new stuff can be daunting. In the crypto-world the perils are very real, your money could easily be lost. The number of dollars that have been stolen in crypto-land is astonishing. Every day someone loses all the money they had in their crypto-account because of poor security practices. Use 2FA if you have a crypto-account. Use strong passwords. Use unique passwords. Don't download new software (wallets etc..) until it has been vetted by experts. Don't believe what you read, do some research and get involved before you buy any crypto. All that said, you can use a small amount of fiat to open a crypto account and practice trading with cryptocoins that are worth next to nothing. This exposes you to crypto-exchanges which are very different than stock exchanges. It will take a while to learn the players, the difference between SKY and DGB, why DASH is that price, what Bitcoin Cash is, why does Ethereum work the way it does, will DAPPS ever become a reality.

I have mined all the crypto I trade with, this option is available for the technically savvy. Once you have the crytpocoins in hand you can avoid the fiat process entirely by sending crypto to your crypto account and trading on a crypto-exchange. ETN is a cryptocoin still trading big BTC volume on Crytopia and still at 300 satoshis. I think it will go up again but that is just what I think.
Many people think Satoshi Nakamoto was actually a consortium of Asian companies that created the public ledger world. SAmsung, TOSHIba, NAKAmura, MOTOrola. It is just one theory, Satoshi has effectively disappeared.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: Graystone who wrote (119)10/9/2018 10:03:36 PM
From: Graystone
   of 150
ETN at 378sats
Steady buying

ETN is still strong and has excellent volume. It is the volume leader (or top 4) again on all Cryptopia markets again today. It has been trading strong volume everyday and is moving up. I explained ETN briefly in another post but the action and price rise is the result of the ETN development team creating an API that can be integrated in any merchant software. What it means is that any merchant can integrate the ETN API and people can pay that merchant with ETN. That may not sound like a lot but it is the first cryptocurrency API and they have instant notification of funds for the merchant, no waiting for confirmation. ETN has created an instant notification system that uses a sandbox to stop a double spend. Again, doesn't sound like much but it is important that any merchant know the funds are there right away, merchants cannot wait for the confirmations from the blockchain, that can take a while. As feedback comes back to the development team we may see some more price action. I cannot handle any community rah rah anymore so I watch the markets rather than haunt Discord, Slack or Telegram. Most communities exist on one of those sites. Telegram is also widely used by P&D crypto traders and cryptowhales so caution is required.

If you haven't got an account on a cryptoexchange then you may want to try it out. Very different from the stock market. I am a big fan of Cryptopia and think it is the world's best cryptoexchange, it has many features that are unique (and many have been copied). Cryptopia is in New Zealand. CEFS (Cryptopia Exchange Fee Share) is an ERC 20 Token hosted on the UBIQ blockchain. CEFS tokens were initially given to the B Class shareholders of Cryptopia so they could participate in the growth of the exchange. Each month a percentage of the trading fees paid to Cryptopia are divided up among the 6300 CEFS tokens. So every month you get a payment of the following cryptocoins BTC/LTC/DOT/DOGE/NZDT/USDT, you get some of each. The yield is OK, there are a few cryptocoins that allow you to participate in the growth of crypto this way.

Share RecommendKeepReplyMark as Last Read

From: Glenn Petersen10/19/2018 10:44:03 AM
   of 150
The SEC Is Setting Up a New Division to Talk to ICO Startups

Nikhilesh De
Oct 18, 2018 at 18:30 UTC | Updated Oct 18, 2018 at 22:42 UTC

The U.S. Securities and Exchange Commission (SEC) is launching a new division with the goal of making it simpler for fintech startups – including those launching initial coin offerings (ICOs) – to navigate the legal implications of their products.

Announced Thursday, the Strategic Hub for Innovation and Financial Technology (FinHub) will act as a central point for the securities regulator to interact with entrepreneurs and developers in the financial technology world, in particular with groups focusing on distributed ledger technology (DLT), automated investment advice, digital marketplace financing and artificial intelligence.

As envisioned, FinHub will both publicize information produced by the SEC, as well as let innovators ask questions or clarify regulations. The new division will also collaborate with other regulators, both domestic and international, on work that involves emerging technologies. Additionally, FinHub will host a FinTech Forum focused specifically on DLT and digital assets next year.

FinHub will be run by the SEC's senior advisor for digital assets and innovation, Valerie Szczepanik, and be staffed by SEC officials who have previously worked on fintech-related issues, according to the agency.

Szczepanik, who is also the associate director in the SEC's Division of Corporation Finance, said in a statement:
"SEC staff across the agency have been engaged for some time in efforts to understand emerging technologies, communicate the agency's stance on new issues, and facilitate beneficial innovations in the securities industry."
"By launching FinHub, we hope to provide a clear path for entrepreneurs, developers and their advisers to engage with SEC staff, seek input and test ideas," she added.

SEC chairman Jay Clayton noted in a statement that the agency is looking to work with investors and other market participants on issues such as capital formation and financial services, while also maintaining investor protection.

"The FinHub provides a central point of focus for our efforts to monitor and engage on innovations in the securities markets that hold promise, but which also require a flexible, prompt regulatory response to execute our mission," he said.

Share RecommendKeepReplyMark as Last Read

From: Glenn Petersen5/25/2019 8:28:04 PM
   of 150
Robinhood Is Set to Raise at Least $200 Million in New Funding

By Julie Verhage
May 24, 2019

-- Round values the fintech startup at more than $7 billion

-- Talks with investors are ongoing and the round could grow

Robinhood Markets Inc. is close to securing at least $200 million in fresh funding, according a person familiar with the matter. The round is said to value the company at between $7 billion and $8 billion, although the details could change.

The cash infusion is coming from existing investors, said people familiar with the deal, all of whom asked not to be identified because the details are private. The funding talks are ongoing, but the company’s valuation could climb to as much as $10 billion in a subsequent round, these people said, adding that the numbers are subject to change until the deal is closed.

A Robinhood spokesman declined to comment.

The Menlo Park, California-based startup, which offers free app-based trading, last raised money in mid-2018 at a valuation of $5.6 billion. On top of the new funding, the company is working on launching its retooled cash management service later this year, the people said, after it was forced to temporarily shelve the product following backlash over how it was marketed, and whether it would be insured.

The tech website the Information earlier reported some details of the deal.

Share RecommendKeepReplyMark as Last Read

From: Sr K12/15/2019 6:25:55 PM
   of 150
WSJ yestoday:


Venmo Glitch Opens Window on War Between Banks, Fintech Firms

Fintech firms accuse banks of blocking their access

5:30 AM

Fintech companies say they need access to customer account information held by banks and other traditional financial companies. To protect their own turf, banks and brokerage firms have resisted.

PNC customers are getting a front-row seat on the rivalry between the banking industry and financial technology companies.

Many of the Pittsburgh bank’s clients are having trouble connecting their accounts to their Venmo apps, cutting off access to PayPal Holdings Inc. PYPL’s popular mobile payment service. When they have sought help, they have found the two companies blaming each other for the disruption.

PNC Financial Services Group PNC suggested in tweets that customers switch to Zelle, a rival payment app that it and other big banks jointly operate.

Venmo countered by urging its users to tweet their complaints, suggesting they tweet: “Hey @PNCBank…Let me use the financial service apps I need!”

The skirmish is part of a war over access to customer financial data. Fintech companies—nonbank firms that use apps and other new technologies to provide financial services such as digital payments, loans and financial planning—say they need access to customers’ account information held by banks and other traditional financial companies. To protect their own turf, banks and brokerage firms have resisted.

Share RecommendKeepReplyMark as Last Read

From: Glenn Petersen12/18/2019 9:43:30 AM
   of 150
The Fed opens its doors to fintechs

Jacob Knutson
December 18, 2029

The Fed is extending invitations to financial technology companies (and other companies interested in fintech) for face-to-face conversations. The sessions are called "financial innovation office hours,” the central bank announced Tuesday.

Why it matters: This is a first for the Fed board, though the San Francisco regional bank has hosted similar events in the past.

Even if the events are just optics, they are part of a trend: The Office of the Comptroller Currency (OCC) — a key regulatory body that decides who can be an official bank — announced similar “office hours” earlier this year.

Share RecommendKeepReplyMark as Last Read
Previous 10 Next 10