The first quarter of 2018 was pure madness. With ups and downs, the crypto market loses almost 50% of its value since 1st of January 2018. Can you guess the winner? Let us give you a hint.
If you invested in Ripple it is okay, you do not have to be upset. We are still accepting investors for Elemental Fund. Let us convince you through our results. In the first quarter of 2018 we perform as well as the bitcoin does, having a 50% loss, but better than top 10 coins ranked by market cap on the 1st of October 2017.
On the other hand, if we analyze both quarters (the last one of 2017 and the first one of 2018), we are still on profit, outperforming bitcoin and Top 10 crypto-assets.
Overall, we had a good performance and the future seems brighter. As we said in one of our , “ The rationale for starting Elemental was to outperform index funds, mitigate risks of holding bitcoin only, as well as profit from solid altcoins rising.” This sub-fund should be considered a store a value, not a short term way of making profit.
P.S The coins that make up our portfolio were among those who had the slightest fall from their All-Time-High (in USD) price.
P.S.S Don`t forget to subscribe to our . If you’ve lost the last ones, you can still read them on , or .
Wish us clarity,
BC.Ventures partners
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A company from the UK that is called Cambridge Analytica has caused a . Unlike many scandals in history, this scandal may be the pioneer of one of the greatest changes in human life. The change will be the new internet that allows every individual to be the main controller of their data. The new internet may be developed by using blockchain technology or may not but it is certain that it won’t and can’t be like used to be any more. The scandal might has begun with facebook, but it certainly will continue with other platforms that use any kind of personal information.Many countries, including Turkey, began to enact laws to protect the personal data of individuals against such platforms.
Christopher Wylie, who confessed the scandal of the data firm Cambridge Analytica
Even ordinary people now ask how to protect their personal data from the platforms. We started heard a lot that many people have deleted their facebook accounts after the scandal and this shows that people started to have social anxiety on Facebook which was not expected that early. Facebook was developing new features every single day by thinking that they are and will always be “the king of the data”. Thanks to the scandal that it won’t be like that any more. But even ordinary people started to have anxiety against it, deleting Facebook may have an effect on Zuckerberg but unfortunately is not the solution as far as we continue using the existing internet. The new internet might be setup with Blockchain technology but the experts ask the following question in order to understand the future.
“The blockchain has worked quite well so far, there is no universally accepted academic work explaining either why this has happened, or whether it will continue in the future, or how long it will”
The Blockchain Technology
Social anxiety on Facebook or on other platforms is exist and will always be but the question for us will be how can we decrease this anxiety by protecting the personal data?
Monero formed lower highs and found support at $163 to create a descending triangle formation on its 1-hour time frame. Price is currently testing support and might be due for a bounce back to resistance around $175.
The 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance is to the downside. In other words, there’s a good chance that support might break. In that case, Monero could fall by around the same height as the chart formation, which spans $163 to $200.
Stochastic is also pointing down to show that sellers have the upper hand. On the other hand, RSI is pulling up from oversold levels to signal that buying pressure is present and that a bounce to the triangle resistance is still a possibility. However, the moving averages might also hold as near-term resistance.
Sentiment in the cryptocurrency industry has improved somewhat after it was reported that several big hedge funds are making preparations to invest in the space. This represents another nod of approval from players that were mostly previously averse of altcoins.
However, the looming tax deadline has prompted widespread profit-taking that led to a sharp drop in prices recently. Once this is over, though, the ongoing trends could resume and a continuation of the positive sentiment could spur more gains.
Keep in mind, still, that regulation is a pressing concern for many investors, particularly as the central banks of India and Pakistan have moved to ban cryptocurrencies.
As for Monero itself, this particular altcoin is looking at a hard fork as well. The blog cited two reasons: First “a PoW tweak to curb any potential threat of ASIC and preserved ASIC resistance” and second to get “the minimum ring size is bumped to 7.”
The same post indicated that Monero developers are willing “perform an emergency hard fork to curb any potential threat from ASIC if needed.”
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The IOTA team received a mighty boost as the news of Dr. Rolf Werner, the head of Central Europe business at Fujitsu’s connection with the cryptocurrency surfaced.
Werner before joining IOTA foundation was part of Fujitsu’s business development in Switzerland, Germany, and Austria. He is today the in the chairman, Fujitsu Technology Solutions GmBH Board where he’s depended solely on. He is seen as the go-to business developer.
Fujitsu is one of Japanese topnotch information and communication technology (ICT) company, a specialist in presenting technology products, solutions, and services to the world. Fujitsu Limited is a company with consolidated revenues of $40 billion.
Joining IOTA means a substantial development for the blockchain company owing to his wealth of knowledge and experience in business development.
Werner held different management positions at T-Systems, before joining Fujitsu in 2016. He was a respected member of the board at T-Systems Multimedia solutions, focused on expanding the sales of the firm, and served as the chairman of the management board of the French subsidiary T-Systems France SAS.
He was also entrusted with all company’s activities in America, Europe, the Middle East and Africa. He, at the same time, managed the German sales organization.
Praising his new move to IOTA, the crypto team says “Dr. Rolf Werner brings with him a wealth of experience in sales, serving both mid-market and enterprise customers, and services, ranging from international outsourcing to new digital solutions.”
“We are thrilled to have Dr. Rolf Werner join the IOTA Foundation. Rolf’s unmatched enthusiasm and drive will be of great value for the IOTA project as it continues to cement it’s leading role in the DLT space. With his wide network and knowledge we are confident that our collaboration will bear plenty of fruits. Give him a warm welcome!”
On joining IOTA Werner revealed that “the possibilities of decentralized and secured applications based on IOTA Tangle as a Distributed Ledger Technology are immense. They go far beyond machine-to-machine payment and include, for example, tamper-proof monitoring of the supply chain and secure identity management, just to name a few.”
“I’m delighted to join the IOTA Foundation Supervisory Council (Stiftungsrat) to accompany a journey which will be meaningful for lots of industry sectors worldwide.”
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