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January 2018

Bitcoin Corrects 45% from Highs



After having been in a slumber for most of 2018 and recording steady declines, Bitcoin returned with a bang in the first half of this year. Throughout the first six months of the year, BTC enjoyed an incredible rally that raised visions of unprecedented highs, but this all soon came to a halt.

Why the Sudden Fall?

Now, the biggest cryptocurrency in the world is in the middle of a major slump, and since its high of $14,000 earlier this year, it has slumped by more than 50%. That being said, it should be kept in mind that over the years, BTC has had bigger slumps and made strong comebacks.

Hence, it is not a surprise that most crypto analysts are still upbeat about the long-term prospects of Bitcoin. That being said, most analysts are not that optimistic when it comes to the short-term prospects of the token.

Many believe that BTC could drop further in the days and weeks to come, before making any kind of recovery. On November 24, BTC fell to $6,500 per coin, which proved to be its lowest level since May earlier this year. Analysts do not believe that $6,500 is the bottom for the token, and hence, investors can expect the token to drop further.

Managing director of Digital Capital Management, Tim Enneking, said, “We don’t see $6.5k as the bottom, although it’s the first strong candidate for that title.” The forecast should not come as pleasant news to many who might have bought the cryptocurrency when it was at its highest levels.

>> UPbit Loses $49 Million Worth of Crypto in Major Hack

That being said, he went on to add that if there is going to be a rebound, then it is going to happen after Bitcoin drops further from that particular level. It should be noted that after Bitcoin hit $6,500 on November 24, it recovered the very next day and hit $7,400.

Featured image: DepositPhotos ©

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Ripple to Invest 1 Billion XRP to Fund Online Content



Over the past few years, plenty of cryptocurrencies have come to the fore due to the example set by Bitcoin and one of the most interesting cryptocurrencies to have emerged during that time is XRP, which is backed by San Francisco-based Ripple. It is the third biggest cryptocurrency in the world by market cap, and over the course of the past few years, Ripple has been working tirelessly to create an entire ecosystem powered by XRP.

On Thursday, the company announced that it is going to invest $4 million in Coil, a payment processing system that will be available in browsers. Coil is headed by Stefan Thomas, the former Chief Technology Officer of Ripple.

Key Details

The company made another very interesting announcement that will definitely create a buzz in the crypto sphere. It stated that it is going to give away as much as 1 billion XRP tokens to Coil so that the company could build an ecosystem.

The value of the XRP that is being given away by Ripple is valued at around $265 million as per the current price of the cryptocurrency. The giveaway is going to accelerate the growth of Coil in a big way at a time when many highly innovative payment services are being created by developers all over the world.

>> Is Bitcoin (BTC) a Recession Proof Like Gold? Here’s What Experts Think

In addition to the investment by Ripple, Coil has also attracted an investment of $20 million by Cinnamon, a video streaming firm, and Imgur, a photo-sharing platform. For XRP, this is an important development, because Coil will allow people to receive payments in XRP and that could ultimately lead to wider use of the cryptocurrency in the real world. At the end of the day, it is the possibility of widespread use that could raise the price of any cryptocurrency significantly.

What do you think of the news?

Featured image: DepositPhotos © rastudio

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Ethereum (ETH) Falls 86% Relative to Bitcoin Since the 2017 Build-Up



In 2017, during the cryptocurrency bubble, a number of projects launched tokens for a wide range of payments. It was easy because what was needed to raise millions of dollars through an initial coin offering was just an idea. During the period, Ethereum and its native token Ether (ETH) reached a record high because of frenzy around trend words like “smart contract” and “ICO.”

Hype on ETH Waned Because of Scams and Bad Ideas

The flurry witnessed eventually waned and the price of ETH, which hit a record high against the US dollar at the beginning of last year, has dropped significantly by 86% since. Comparable against Bitcoin, Ether, which reached its record high in June 2017, is down more than 85% against Bitcoin since 2017.

There was optimism that ETH would at some stage overtake BTC, but the flippening hype has since waned because most of the tokens that were launched on Ethereum platform in 2017 turned out to be scams or bad ideas. Equally, it was not clear why a project that had its own crypto built on the platform would lead to an increase in the value of ETH.

>> Bitcoin Falls to hold 10K Mark on Political Uncertainty

At the beginning of this year, most ICO projects shed ETH onto the market each month, and this means a considerable amount of ETH was being removed from the market and put into ICO vaults. And once the hysteria stopped, so the demand for ETH also declined.

DeFi: The New Talking Point Among Ethereum Enthusiasts

For Ethereum enthusiasts currently, the main talking point is Decentralized Finance (DeFi), but it appears that it has not managed to compensate for the supply side increase resulting from ICO projects that are dumping their ETH. There are lingering hopes, however, that ETH will likely outperform BTC when the next Bitcoin rally begins, even though Bitcoin has almost tripled its price in 2019.

Despite ETH performing poorly against Bitcoin in recent times, some of the tokens built on the platform, such as Link, have edged Bitcoin in the past few months.

Featured image: DepositPhotos © Syda_Productions

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Counos U Stable Coin Listed With Swiss ISIN No. and Backed 100%



Counos U: A New Means of Payment is Conquering the World

Being able to pay with one currency and get a return has never been seen before and will conquer the world in no time. Counos U is 100% backed with dollars and has a fixed value of $100. To ensure this, a specially developed vehicle is built. This vehicle secures the deposited dollars.

That is 4 trustees, a Swiss bank, and seven other lawyers. This ensures that every Counos U is 100% backed with US Dollar, not as with USDT, where only 74% is backed with dollars. But that’s not enough, for all Counos U that you hold longer than 1 year, you get a 3.9% return. You can buy Counos U directly with your primary bank via the Swiss ISIN.

Prominent Features of Counos U:

  • Direct purchase and sale through your local bank
  • Fixed value of $100
  • Annual return of 3.9%
  • Easy exchange to dollar, CHF, EUR, or other cryptocurrencies
  • Worldwide transfer
  • Grade A safety and security algorithms
  • Fast and quick


The First Bankable Stablecoin

The Counos platform was the first to create a coin that can be bought directly with your local bank. No matter which bank in the world, you can go to your advisor and buy Counos U through the Swiss ISIN. The latter will ask you for the ISIN, which you will find here, then he will send the money to a Swiss bank and they will secure your assets.

Easy Exchange from Dollar, CHF, EUR, to Counos U and Back

With the help of the Counos Decentralized Exchange of the Counos Platform and the agents, it is easy to exchange Counos U with Fiat currencies around the world and to exchange back again.

This way you can send money around the world 24/7 in a safe and fast way. The minimum transaction costs are also negligible and therefore unrivaled. The Blockchain only takes 2.5 minutes to confirm a transaction and since it is not a token but a coin, this will not be longer.

How Does Money Transfer With Counos U Work?

Transferring money with Counos U is as simple as it is ingenious. For example, we take a person who wants to deliver USD from the USA to Dubai. In this case, this person can buy Counos U from a Counos agent in the United States. He then sends these to Dubai, where an agent can convert the Counos U into USD. Since no bank has to give a confirmation, this works at any time.

Payment of Goods or Services

A very safe and easy way to use Counos U is to pay for goods or services. For example, if you live in the USA and order a Rolex from Switzerland, you can use Counos U on the Counos Escrow service to purchase and pay for the Rolex. The seller then sees the payment already made and can safely send the Rolex to the USA. He can then change the received Counos U to Swiss francs or US dollars or keep the Counos U and benefit from the 3.9% annual return.

Another Big Advantage of Counos U

Many traders or ordinary people want to keep their assets in safe currency overnight. So you can change your volatile cryptocurrencies into a stablecoin on every central exchange that Counos U offers and thus keep your assets safe. If you want withdrawals from the exchange, you can withdraw Counos U directly and do not have to refer to a bank account.

For technical and more information, visit Counos Platform.

Featured image: Counos

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