Introducing Facebook Cryptocurrency Libra

Introducing Facebook Cryptocurrency Libra

Welcome to Libra. Libra is a global, digitally native, reserve-backed cryptocurrency built on the foundation of blockchain technology. People will be able to send, receive, spend, and secure their money, enabling a more inclusive global financial system. Our mission is to enable a simple global currency and financial infrastructure that empowers billions Read More »

 

Are we in a cryptocurrency bear market?

crypto currency

Great article from Reddit contributor, u/arsonbunny:

Why we won’t have a long term bear market, and how to systematically pick your future investments in crypto

With so much uncertainty right now it would be a good time to take some time to go over what happened recently and how to invest moving forward. We’ve seen a peak bubble at around 850 billion total market cap in the first week of January, consolidated down to $750 billion and have now just experienced a 40% correction.

First of all, you should realize that there is a January Dip that happens every year, when we see a roughly 20-30% decline around mid January. This year its been much more severe though for several additional factors that have compounded on top.

Different theories exist on why this happens (it’s actually the mirror opposite of the “January Effect” that happens in the US stock market), but the two major theories are:

1) Asian markets pull into fiat because of Asian New Year spending needs

2) People in the US sell in January to defer their capital gains tax liability an extra year

Factom (FCT) News Update

Heard on Reddit: “A number of projects working on various test networks will be coming online soon.” ~ Paul Snow, Chief Architect, Creator, and Founder at Factom (10/18/17)

Disclosure: I have owned FCT coins since August 2016. Current price is $15.15.

Top Cryptocurrencies to Invest In

etherium

Cryptocurrencies have quickly become an essential part of everybody’s portfolio. From being a risky asset that didn’t warrant more than a throwaway amount of money being invested in it, it is almost its own asset class. All of this has happened over a short few years, and it is expected that this trend will continue.

As with any investment, it is important you come to it with a sober mind. Your returns are more likely to be high the more you doubt your original thesis. That is to say, if you believe the first idea you come up with and never question it, you are going to lose money. To avoid these situations you should think about exactly why it is you think a cryptocurrency will go up.

Before you do this, it is probably necessary to point out there are two main types of cryptocurrency. There are the well-known coins that have reached some sort of mainstream acclaim, and then there are the alternative coins which fewer people have heard of. There is a high amount of risk in all types of cryptocurrency when compared with traditional blue chip stocks or cash, but the well-known currencies are less risky than the obscure ones. This is simply a matter of the network effects involved. Once a coin has achieved some sort of notoriety, it has “made it” in a sense. It still may fail due to poor engineering and a lack of real-world use, but it got the exposure necessary to catch on. This isn’t always true for alternative coins, which is why it was necessary to point it out.

Icynene To Acquire Lapolla Industries For $1.03 Per Share In All Cash Transaction

icynene

Strategic Combination to Create Industry-Leading Manufacturer and Distributor of Performance Spray Foam Insulation

MISSISSAUGA, Ontario and HOUSTONOct. 5, 2017 /PRNewswire/ — Icynene U.S. Holding Corp. (“Icynene”) and Lapolla Industries Inc. (“Lapolla”) (LPAD) today announced that they have entered into a definitive merger agreement under which Icynene will acquire all the outstanding shares of Lapolla.  The transaction is valued at approximately $160 million, including net debt.

Under the terms of the agreement, stockholders of Lapolla will receive $1.03 in cash for each share of Lapolla that they own.  The transaction was unanimously approved by Lapolla’s board of directors and, following Lapolla’s entry into the agreement, Lapolla stockholders holding approximately 78% of Lapolla’s issued and outstanding voting shares executed a written consent approving the merger agreement and the transaction.

VVToken Announces ICO to Make Electronic Financial Services More Accessible and Affordable

VVToken (VV),the company that created a financial solution designed to provide a broad spectrum of services to a diverse array of international users, today announced it will open an Initial Coin Offering (ICO) on December 5, 2017 to fund the final development and launch of its new blockchain consumer finance platform, CyberBank™.

VVToken will initially introduce two technology-based CyberBank™ products that will revolutionize electronic connectivity between fiat and cyber currencies. VVToken aims to raise up to 30 million in a token sale to deploy a platform offering payment security and mobile affordability that utilizes the security and reliability of the blockchain while delivering financial appreciation to the cardholder. For detailed information on VVToken’s ICO, visit www.VVTokens.com and read the company’s white paper here.