Autonio’s Holy Trinity of CryptoTrading: AI, Blockchain & Crypto

Cryptocurrency trading is one of the core drivers of the blockchain space’s growth. After all, when every crypto-asset is capable of being transacted on an open market, the movement and circulation of value are only natural. It also serves to distribute an asset to potentially anyone around the world regardless of geography, a quality often overlooked. However, the current practice of trading crypto-assets involves constantly watching the market’s movements. The volatility of this market requires a level of vigilance that few are willing to provide and a level of experience and knowledge that few have cultivated.

The goal of Autonio is to “make sense of a chaotic multitude of crypto-assets” with a decentralized trading platform that utilizes user-customized artificially intelligent bots to trade assets on the market. Night and day. Rain or shine.

The platform brings tried and true trading strategies leveraged in diverse markets such as Wall Street, Forex, and high-frequency trading and brings them within reach of the non-technical user. There are virtually no limits to the various strategies given the many parameters that can be set and the current “behavior” of the market at any given time.


“Autonio integrates Artificial Intelligence, Blockchain, and CryptoTrading, which we believe is the Holy Trinity of CryptoTrading, a blockchained intelligent trading system,” says Project Lead Ali Raheman.


So how does a trading novice navigate the market without walking into a Darwinian landscape where only the strongest, or smartest, survive?

By encouraging the share of knowledge through a gamified experience, Autonio users can reward/be rewarded for accessing/providing strategies with the highest performance.


The platform will post a leaderboard of the users with the best stats. The top traders who get a spot on the leaderboard will be rewarded with NIO tokens. Users can also tip NIO to traders or pay a set price as a consultation fee. While NIO tokens help incentivize cooperation, they are also required to access the platform.


“NIO stands for the Nexus of Intelligent Operations. As the name suggests, it aims to be the connecting link between AI operations concerning crypto-assets on a blockchained network. It grants access to a blockchained system that protects and adds value to AI engine-calculated information and makes its secure exchange possible. It’s an ERC 20 token (for the initial release) generated using the GNEISS P2P Ethereum distribution system.”

NIO will be used to securely trade algorithms and optimizations, receive or offer trading consultancy, access the platform, and reward the most profitable strategies.

“We have chosen Ethereum as the platform for the reliability and strength of its network. Ethereum smart contracts will allow ease of integrating ERC 20 tokens as utility tokens within the Autonio application connecting the trading interface built on PHP, Javascript, with Ethereum smart contracts in Solidity. In the initial release, the platform works as a p2p software/app/service where the bot runs locally. The AI engine and all in-platform transactions including powering the bot, buying/selling/sharing of AI optimisations and computation of leaderboard works on our blockchained network. Our decentralized network ensures immutable, safe, and secure transactions using smart contracts. Any updates to the bot will be through this network, ensuring protection of the platform from outside attack.
Investors and users can expect major announcements about the architecture of this network soon.”


Automated Nexus of Intelligent Operations (Autonio) is an AI powered robot and a platform for AI optimisations trading as the initial version, but it aims to be the connecting link between a blockchained intelligent network and the world of crypto-assets.

“The network will encourage third-party developers to build upon and integrate with Autonio. We have a bounty set for devs as an incentive to build applications on this blockchained network and/or utilise our AI engine making Autonio the universal platform for undertaking intelligent operations. Hence we call the platform token the Nexus of Intelligent Operations or NIO.”

The future of Autonio is promising. It can be the first decentralized AI-powered exchange that is simplified to the point where anybody can utilise the power of AI and still offer professional quality service.

Our technology has use cases outside of cryptocurrency trading. For example, in a decentralized creative commerce platform like Embermine, creators can distribute their work as creative asset tokens (digital bearer certificate, essentially) either through direct sale to customers or free distribution to holders of certain tokens (“rails”). Eventually, there would be an excess of creative assets. Embermine users can then set an AI trading bot to sell these assets on an open market, generating a passive income through a distributed patronage system.

NIO Token sale begins 22nd September 00:00 GMT


Token sale Website & Prototype – 
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Team :

Ali Raheman ( Project Manager )
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Michael Morton ( chief financial officer ) (Founder/CEO at GNEISS (Global Network Encryption Investment Security Service), Founder/CEO at Morton Bitcoin Management)
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Parth Darji (technical Cofounder @Etho, Head
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Advisors & Partners


Ismail Malik (Founder & CEO at Blockchain Lab + ICO Strategist)
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Andrew Wagner ( Director of public relations for Bitcoin cooperation)
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James Drake (CEO at Embermine)
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Jonathan Millet ( CEO at News Btc)
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Darren Franceschini (CEO of Blockchain Technologies Consulting. Co-Founder of Blocksale)
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The Swiss Financial Market Supervisory Authority (FINMA) has recently taken action against the perpetrators of a crypto-scam. The firms in question were distributing a fake cryptocurrency and acting without proper licensing. A dozen other possible fraud cases are under scrutiny from the watchdog too.

In a statement earlier today, FINMA announced that they have taken action against the QUID PRO QUO Association. The companies involved had been providing “E-Coins” for over a year and it’s estimated that they had amassed more than $4.2 million from many users. Of these funds, FINMA has said they were able to recover around half. They commented on the legality of the firms:

This activity is similar to the deposit-taking business of a bank and is illegal unless the company in question holds the relevant financial market license.

In addition, it was found that the operation had failed to back the E-Coins with tangible assets, something which the company’s forming the QUID PRO QUO Associated had promised to do. This led FINMA to seize some CHF2 million and launch bankruptcy proceedings against the firms.

These three legal entities accepted funds amounting to at least four million Swiss Francs from several hundred users.

Alarm bells should have been ringing earlier for those who were duped by QUID PRO QUO. After their investigation, FINMA reported that E-Coin was not like “real cryptocurrencies”. Apparently, it was completely centralized on local servers, rather than being stored on a distributed blockchain ledger. Unfortunately, hyped markets don’t always produce the most rational investor behavior, and as such many were duped by the scam.

For FINMA, the crackdown against QUID PRO QUO is the first of a total of twelve similar investigations in Switzerland. The country, and in particular the small municipality of Zug, has become something of a hotbed for crypto companies, particularly after the recent crackdown on secretive practices taking place in the nation’s hugely successful banking sector. Drawn by favorable tax rates, many legitimate startups now call Switzerland home. However, with the explosive growth of the industry in recent years, many scams and infringements of law (purposeful and accidental) have gone unnoticed. Roger Darin, the Community Manager at Bitcoin Association Switzerland spoke to a local publication:

I am very glad these ponzi schemes and outright scams have shown up on Finma’s radar. There is a lot happening in Switzerland’s crypto asset space, and just as the Street Parade attracts pickpockets every year, scammers use the excitement to trick unsuspecting newcomers.

Around the world, regulators and traditional banks are beginning to voice concerns about the use of cryptocurrencies. With the SEC in the US regulating ICOs as securities, China outright banning them altogether, and now Switzerland policing scams in their own crypto industry, it appears that the wild west days of cryptocurrency may finally be drawing to a close. Whilst many Bitcoin puritans loath the idea of government regulation, many others admit that it is something vital for the wider adoption necessary to drive the space’s market cap skyward in the future. A more stable, policed climate is crucial before more traditional investors are willing to enter the market.

Ref: Reuters

A lot of self-professed financial experts do not like Bitcoin. That is not surprising, as promoting cryptocurrency would go against their own interests. Ray Dalio is the latest person to call cryptocurrency a “bubble”. Considering how he is the founder of the world’s largest hedge fund, his words carry some weight. Thena gain, JP Morgan CEO Jamie Dixon uttered a similar comment. That remark was laughed away by cryptocurrency experts.

There is no reason for hedge fund managers to say positive things about Bitcoin. However, they shouldn’t call cryptocurrency a bubble either by any means. The comments made by Ray Dalio will not be received well by the cryptocurrency community by any means. Even though his hedge fund is the world’s largest right now, they shouldn’t dismiss Bitcoin either. After all, the world’s largest central banks isn’t doing that either. An interesting situation is created, that much is evident.

Ray Dalio Doesn’t Understand Bitcoin

It is not the first time we hear a financial expert denounce Bitcoin. More specifically, JP Morgan CEO Jamie Dixon did the same last week. It is remarkable how these comments come out in droves when things go well for Bitcoin.  According to Dalio, Bitcoin is not an effective store of wealth due to its volatility. He states how gold is a better option, despite its value going down quite a bit over the past few years. A store of value needs to maintain its original value first and foremost. Gold is not the best option in this regard by any means.

Interestingly enough, Dalio acknowledges Bitcoin can become a currency. It will take some time until this happens, though. More specifically, there is no broad adoption and a lot of market speculation. Both of those aspects, together with the lack of global regulation, stand in the way of Bitcoin becoming an actual currency. Then again, banks and governments will oppose cryptocurrency even if those conditions are met. Hedge fund managers such as Ray Dalio fall into that category as well.

What is pretty shocking is how he claims Bitcoin provides transaction privacy. It has been documented multiple times that is not the case whatsoever. Bitcoin is pseudonymous but not privacy-centric or anonymous by any means. All transactions can be tracked in real-time on the blockchain by just using a regular browser. Comments like these show how short-sighted people like Ray Dalio are when it comes to Bitcoin. They just reiterate misinformation spread by the media.

Header image courtesy of Shutterstock

Wednesday has been a bit of a strange day in the bitcoin space so far. We are about to call time on the European session and the bitcoin price has spent the last hour or so in a phase of what looks like steady appreciation. This run, however, comes on the back of what was a pretty rough decline and – subsequent to the depreciation – a drawn out period of consolidation. Exactly where things go from here remains to be seen; we could see price take a turn and fall back down to the consolidation level mentioned above. On the other hand, we could see a continuation of the strength we are seeing right now and price run back up to trade in the mid 4000s.

It’s anyone’s guess, but whatever happens, we intend to be ready for it. As usual, we are going to set up some key levels with which we can carry forward into the session this evening and try to draw a profit from the market as and when price breaks through, or bounces from, these levels.

So, take a look at the chart below before we get started. It is a one-minute candlestick chart and it has our range overlaid in red.

As the chart shows, the range we are using for the session this evening is defined by support to the downside at 4021 and resistance to the upside 4049. This is a pretty tight range, especially compared to some of the ranges we have been trading recently, but we are going to stick with breakout for now.

So, if we see a close above resistance at 4049, we will enter a long trade towards an upside target at 4080. Conversely, a close below support will have us in short towards an immediate downside target of 4000 flat.

Let’s see how things play out

Chart courtesy of Trading View

The current Bitcoin situation in China remains rather vague for now. We know all major exchanges will halt CNY trading at the end of October. It also appears OTC and P2P trading service providers may be affected. One particular industry related to Bitcoin will not see major changes, though. According to John McAfee, mining Bitcoin and altcoins is not on the PBoC’s radar. A very interesting statement, although nothing has officially been confirmed by the institution in this regard.

With the Bitcoin crackdown taking place in China, there are more questions than answers. It also appears there is a lot of unfounded panic. Trading of cryptocurrency against the Yuan will indeed be halted in a few weeks. Until that time, users can still complete trades without issue. Moreover, crypto-to-crypto exchanges will continue unabated. However, it remains to be seen how things will play out in the mining industry.

John McAfee Isn’t Worried About Mining in China

More specifically, a lot of Bitcoin’s mining efforts are run out of China. All of the major mining pools are located in this country. China is also home to one of the world’s largest cryptocurrency ASIC hardware manufacturers. If this crackdown was permanent, such companies should need to be concerned. According to John McAfee, there is absolutely nothing to worry about. He claims the mining industry will not be affected in any capacity. A very bold claim, although it remains to be seen if he is correct.

On paper, it wouldn’t make much sense for Chinese regulators to prohibit cryptocurrency mining. After all, they aren’t banning cryptocurrency itself by any means. Instead, they are trying to curb Yuan-based capital outflows. Bitcoin and altcoins effectively allow users to bypass capital restrictions in the country. This has been a thorn in the side of the PBoC for some time now.  It is still possible this measure is only temporary, though. John McAfee didn’t comment on that particular aspect for the time being.

It is evident John McAfee is still bullish on Bitcoin. After all, he predicts a $500,000 value per BTC in less than three years from now. It is in his best interest to not see things go awry thanks to Chinese regulators.It also appears McAfee is a big fan of Bitcoin Cash. Whether or not that is a smart decision, remains unknown at this point. The Bitcoin situation in China is still developing as we speak. If mining operations are forced to shut down, things will get ugly very fast.

OK let’s get right to this today. The bitcoin price has just spiked below a key level that we outlined yesterday evening as being one to watch and returned to trade back within range on the one-minute charts. This is a perfect setup for two types of trades – one that falls nicely within our standard approach and another that we don’t often go at with our intraday strategy but that works nicely with this sort of pattern nonetheless.

So, instead of wasting time looking at what happened overnight, let’s get on the action. As ever, take a quick look at the chart below before we get started. It’s a one-minute candlestick chart and it’s got our key range overlaid in red.

As the chart shows, the range we are looking at for the session this morning comes in as defined by support to the downside at 3904 and resistance to the upside at 3930. We’re going to address the downside position first as that’s looking like it’s going to be the one that breaks first and it’s that one that’s giving us our sense of urgency on this action right now.

Specifically, then, if we see price close below support, we’ll jump in to a short trade towards an immediate downside target of 3860. A stop loss on the position somewhere in the region of 3920 means we’ll be able to jump out of the trade nice and quickly in the event that the market turns against us.

Looking the other way, we are going to watch for a bounce from current levels to get us in long towards the opposing level (so, the resistance we outlined above at 3930) as an upside target. On this one we’re going to place a stop just shy of support to keep risk tight – somewhere around 3890 looks good.

Charts courtesy of Trading View

Famed cryptocurrency services provider CoinsBank has plans for a new gathering of Blockchain technology enthusiasts on the horizon. After achieving success for two straight years with Blockchain Cruise, which sailed over the Caribbean, the organizers including CoinsBank has now opted to target the Asian market with a major blockchain conference that’s scheduled for early next year. It’s called Blockchain Cruise Asia, and it’s set to happen on January 15-19, 2018.

In the spirit of the original Blockchain Cruise, Blockchain Cruise Asia is meant “to demonstrate how practical, convenient, and extraordinary,” the blockchain industry is. It is also being tagged as a great way to meet investors and other interested parties, whether you are looking to go into business or simply want to get involved in the discussion of today’s hottest cryptocurrency topics.

The cruise covers a route that spans three different countries. It starts in Singapore at 5:00 PM on January 15, then head on to Penang, Malaysia as well as Phuket, Thailand. So, while all the amazing interactions are going on aboard the magnificent cruise liner Mariner of the Seas, Royal Caribbean, where the conference will take place, guests will also have the chance to take in the majestic views in each of the three destinations.

For anyone who is looking to add to their knowledge of blockchain technology and to expand their network of people who are in the know, Blockchain Cruise Asia sounds like the right way to do it. It has got views of beautiful Asian waters, many amazing experts, and industry insiders as guests, and 50 speakers from around the world that are ready and willing to share their insights, according to the press release. So far, they have confirmed Tone Vays, Mark van Rijmenam, Charlie Shrem, Bill Barhydt, and more top-rated speakers coming soon.

The participants of Blockchain Cruise Asia also get an opportunity to take part in a special THAI Blockchain Conference, set to happen on a private beach in Phuket, Thailand. Tickets for the event are available for public, but members of the cruise don’t have to go through the hassle as they are automatically invited.

This really might just be the one major blockchain conference in Asia that’s worth looking into. And if the success of the first Blockchain Cruise over the Caribbean seas is any indication, there will be plenty of success to be met for everyone here as well.

You can learn more about Blockchain Cruise Asia through the link –

The latest in the slew of crypto critics is Jackson Palmer, the creator of Dogecoin. Palmer claims that thanks to the proliferation of scam ICOs, a similar fate might be lurking in wait for the rest of crypto as that which caused him to leave his pet-project in 2015.

For those who don’t know what Dogecoin is, it was released in 2013 as a way for Palmer to satirise the hype surround Bitcoin and blockchain technology. He branded his project using the image of the dog from the Doge meme, you know, “such humor. Much funnies” – that kind of thing. The amusing crypto’s inventor had intended his creation to highlight how insane he found the investment of large sums of money into unknown assets like cryptos.

The joke was lost on many, however, and investors bought Dogecoin anyway. In terms of market cap, the eventual all-time-high for the joke-coin was $400 million. Eventually, the currency attracted scammers and hackers who would take advantage of the hyped and inexperienced market that had sprung up. Operations included the hacking of wallets, and making fraudulent claims about fake products. Finally, Palmer stopped working on Dogecoin.Recently, he warned that a similar fate might soon befall the rest of crypto. He mentioned the current goldrush-like nature of the ICO craze:

What’s happening to crypto now is what happened to Dogecoin… I’m worried that this time, it’s on a much grander scale.

Yet again, the market takes a hit, and the “crashes”, “bubbles”, and “tulips” are trotted out.

At its current immature phase, the cryptocurrency market is prone to wild swings in its valuation caused by various external factors. The chief of these is regulatory measures, like those pending in China right now. Secondary, is the introduction or discovery of some Blockchain breaking technology, or destructive code placed into one of the various updates of a protocol. If something simultaneously causes the entire market to sell one commodity en masse, its price will, of course, fall rapidly. It’s as simple as that. How low it goes will depend on the gravity of the news and how much it affects investor confidence.

It’s no secret that the market is currently largely built on speculation but daily, more real-world uses are emerging for various cryptocurrencies. Bitcoin is being used to buy up real estate in Texas, Steem powers a young and growing social network, and Ether whilst predominately used for ICOs (themselves at risk of causing a mass crypto selloff) at present, is used by various applications progressing towards completion. As more potential uses for the decentralised emerge, the value will shift from speculative to actual for some platforms. Many, of course, will perish.

People love to use the “tulip” example from seventeenth-century Holland when talking about any potential market bubble. Interestingly enough, they also like to group this idea with that of the “tech boom” of the late ‘90s. To me, these “bubbles”, although caused by wild speculation like that which we see in crypto today, are totally different. Firstly, tulips had been around for a long time and do not offer any revolutionary properties – the internet, and blockchain tech are potentially highly disruptive technologies. Secondly, with such ground-breaking innovation, the eventual use and therefore value of cryptos cannot be accurately gauged. Are cryptos even currently overbought? If you look at graphs of investment in tech companies which show the “bubble” and compare them with those of crypto market caps, the answer could easily be “no”. The tech industry wasn’t overbought in the early noughties, but just as there is in crypto today, there was plenty of dumb money in a lot of stupid shit back then.

The statements, views and opinions expressed in this article are solely those of the author and do not necessarily represent those of NewsBTC

Whenever a natural disaster takes place, there is a dire need for relief efforts. Although not everyone can send goods over to affected countries, financial support will do the job as well. Rather than donating to organizations who can’t properly allocate funds, using Bitcoin makes a lot more sense. Mexican exchange Bitso has opened up a Bitcoin donation solution. All money will be used to help victims of the Mexico City earthquake.

It is evident the Mexico City earthquake is a major disaster. It is not the first time the region is rocked by such a seismic shift, mind you. This latest earthquake will cause even more damage to an area already prone to such disasters. It is only normal the rest of the world will try to provide relief in any way, shape, or form they can. Bitcoin users can contribute as well, thanks to the efforts by local exchange Bitso. Every transaction will be turned into a verifiable receipt signed by the country’s central bank.

Donate Cryptocurrency to the Mexico City Earthquake Relief Fund

It is worth mentioning this effort is not just limited to Bitcoin, mind you. Donations can also be made in Ethereum and Ripple, which are two interesting choices. Half of the money will go to the Red Cross. We can only hope the organization can properly allocate and track relief funds this time. Unfortunately, the nonprofit has a checkered history in that regard, which makes it a less viable solution. The other half of the funds will go to Brigada de Rescate Topos Tlatelolco A.C.

Cryptocurrency users who donate funds can also obtain the receipt related to their transfer. For tax purposes, this effort could be well worth it. However,  the main objective is to help people in need. We need to show cryptocurrency is a valuable asset rather than a tool used by criminals. Bitso will liquidate any donated funds every Friday at noon for the next four weeks. Any donation will help the people affected by the Mexico City earthquake.

Events like these are absolutely horrible, that much is certain. Especially when considering it’s not the first major Mexico City Earthquake. During the previous event, Bitso also raised a lot of money from the cryptocurrency community. It is good to see local service providers try to bring a beacon of hope to the affected victims. Having such a local partner will be invaluable for organizations such as the Red Cross. It will be interesting to see how much money will be raised through these efforts.

Key Highlights

  • Ethereum classic price struggled to settle above the $13.00 level against the US Dollar, and is moving lower.
  • There is a declining contracting triangle pattern with resistance at $11.50 forming on the hourly chart of ETC/USD (Data feed via Kraken).
  • The pair might decline further and could even test the $11.00 support in the near term.

Ethereum classic price is correcting lower against the US Dollar and Bitcoin. ETC/USD might extend declines as sellers eye a test of the $11.00 level.

Ethereum Classic Price Resistance

There was a decent recovery from the $8.70 low in ETC price against the US Dollar. The price traded above the $12.00 ad $13.00 resistance levels. However, sellers appeared near $13.15 and protected further gains. There was no proper close above $13.00 and the price started correcting lower. There was a break of the 23.6% Fib retracement level of the last wave from the $8.70 low to $13.13 high.

At the moment, the price is attempting a close below $13.50 and the 100 hourly simple moving average. Moreover, the 38.2% Fib retracement level of the last wave from the $8.70 low to $13.13 high is also at risk. It seems like there is a declining contracting triangle pattern with resistance at $11.50 forming on the hourly chart of ETC/USD. If the pair remains below the $12.00 handle the 100 hourly SMA, it could test the channel support near $11.00.

Ethereum Classic Price Technical Analysis ETC USD

The channel support also coincides with the 50% Fib retracement level of the last wave from the $8.70 low to $13.13 high. A close below $11.00 would be a bearish sign and could push the price towards $10.00. On the upside, a close above $12.50 is required for sustained gains.

Hourly MACD – The MACD is almost flat with no major direction.

Hourly RSI – The RSI is well below 50 level.

Major Support Level – $11.00

Major Resistance Level – $12.50


Charts courtesy – Trading View, Kraken