Matchpool Is Continuing to Build Its Platform After Successful ICO

Social connections used to be with neighbors, at bars and dance clubs, or at work around the water cooler. But these days, social connections have all turned online. Matchmaking apps like Tinder, Bumble and others have grown massively in popularity.

In the business world, connections are made with sites like LinkedIn. These sites create a platform for employees to make business links with business people in a more formal and professional arena.

And yet, as human connections have increasingly turned online, troubles have begun to appear. A simple Google search reveals the huge number of problems that have popped up with online dating, with stories of patrons even being attacked.

Business platforms are no different. LinkedIn, for example, is helpful in many things, but at the same time, most profiles are puffed up beyond what is really accurate. Like a well-constructed resume, profiles on job connection sites are not usually reflective of reality.

Enter the Blockchain

Blockchain technology is beginning to be able to provide new platforms for online social interactions to function. The goal with all these connections is to create new relationships with users in order to find links in similar interests.

Links can be in a variety of areas – they may include hobbies, or business relationships, or even romance. But in all these areas, Blockchain provides a new and better way for digital interaction to take place.

Matchpool is a company that has started working in this space using blockchain technology.  After its very successful $5.7 million ICO, the company has not remained idle but has continued building real-world application connections in order to grow its platform. With new business relationships and upgraded incentivized users, the platform is promising to be a sea change in the online social networking world.

Matchpool has recently created a new upgrade to the incentivization platform on the Alpha version. The coins currently being used are Testnet coins created on the Ropsten testnet. The hope for Matchpool is to be able to encourage users to participate on the platform in order to gather feedback and suggestions from the wider social media community.

A Snip or Two

Snip is an up and coming way for consumers to find and digest news in simple and easy to read ways. As a news platform for concise news summaries, Snip makes it possible for readers to maintain high volume news consumption while making small time investments. On Snip, users can search for and build personal news feeds by evaluating the information held by a variety of writers who are promoted by the community.

Within the Snip platform, users from Matchpool are now able to refer and promote writers for Snip publication. When a writer joins Snip and has an article published on the platform, the one who referred the writer will receive a bonus in the chain token of either chain, whether Guppy Tokens from Matchpool or Snipcoins from Snip.

By partnering with Snip, Matchpool intends to drive new two-way traffic for both platforms. News readers will be able to share good content with their social pools on Matchpool, and vice versa.

Qtum partnership

Matchpool has also inked a new partnership with Qtum, the Chinese blockchain giant. Matchpool plans to build a social networking and connections Dapp. The technological cooperation provides Matchpool with new ways to access and utilize the Qtum Proof-of-Stake (PoS) UTXO model. The partnership with Qtum provides new technological platforms for Matchpool that were outside of its systems previously.

The QTUM Decentralized Governance Protocol also moves the vote for changes including hard forks and scalability into the hands of the people who use the chain. The community has a strong say in movements within the protocol regarding scalability, which results in fork protocol adjustments without a fork or divide – a solution that looks increasingly promising with the current SegWit2X debate over Bitcoin.

Matchpool continues to move forward, both technologically and with regard to business matters. The new partnerships mean a substantial improvement for Matchpool. The company hopes to have the beta up and running, allowing leaders and business persons the opportunity to create, maintain, and incentivize communities.

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The price of Bitcoin has shot to one month highs today. Topping out at around $4,878, the price surge in the world’s most popular cryptocurrency has likely been driven by the proposed Bitcoin Gold (BTG) fork.

During August, a similar event took place in which Bitcoin Cash split from the main BTC chain. When such a hard fork occurs, everyone holding coins on the original chain, receives an equal number of both Bitcoin, and whatever other asset is created in the process. It’s likely that the current surge in buying is driven by investors hoping to maximise their Bitcoin position before any fork takes place. This will mean they’ll also receive the greatest possible number of Bitcoin Gold. The hope is that there will be enough support for the BTG chain and that exchanges will eventually offer markets in which to trade it and of course profit.

The price rise will be welcome relief to investors who had an uneasy month in September. Chinese regulators started the month by banning all ICOs which hurt the market. Later, domestic exchanges ceased operations supposedly following a request from Beijing. In addition, major financial players like Jamie Dimon of JP Morgan Chase and Bridgewater Associates founder Ray Dalio may have discouraged some potential investors with their comments on crypto. It is, of course, impossible to quantify the effects of such instances on the market. However, with both occurring within days of each other, one factor or the other, but likely both combined, created the perfect shit-storm for traders.

Whilst today’s sudden surge is likely attributed to the BTG fork, other positive news is helping investors shake the uncertainty of last month. Japan, for example, recently gave the green light to eleven Bitcoin exchanges and in the process became the planet’s largest crypto market. Elsewhere, Goldman Sachs have been mulling over the possibility of a trading platform focused on digital currencies.

CNBC report that founder of Gatecoin, Aurélien Menant told them about the strong base that’s been building since the uncertainty sparked by China. This will have surely underpinned the sudden increase in price occurring thanks to the BTG fork.

Bitcoin’s rally is continuing off the back of a more certain regulatory environment across the world, most notably in Japan. This has encouraged more institutional funds to enter the market and we are finally seeing the effect of this additional liquidity.

Menant also warns of uncertainty in the short to near term but is bullish for the end of year Bitcoin price. He predicts that as 2017 closes, we could see the digital asset valued at around the $6,000 mark.


Just 1 day is left until the end of LAT Token Sale – one of the biggest ICOs of this autumn. LAToken has already raised $18.5+ million from 11,000 contributors, becoming #1 among tokenization platforms.

Bringing Real Assets onto Blockchain

Almost two months ago, LAToken tokenized Apple shares, making hard assets tradable in cryptocurrency for the first time in history. That day was the starting point for bringing assets worth trillions onto blockchain. LAToken started with shares of blue chips, such as Tesla and Amazon, safe haven assets, like gold, commodities, like oil, and real estate tokens, backed by ETFs. They are already traded on the LAT Platform. And other assets, ranging from equity to real estate and artworks, will be added soon.

“We believe crypto can dominate the global economy, and to bring the crypto expansion to multi-trillion markets closer, we enabled cryptocurrencies to be widely used in the real economy. Our idea attracted thousand of supporters making LAToken #1 among tokenization platform by funds raised,” – says Valentin Preobrazhenskiy, founder of LAToken. He also mentions that his dream is to build Nasdaq on blockchain with a wider range of assets tradable 24/7 globally.

His words match LAToken team’s actions. They already deployed an open LAT Protocol that allows 3rd parties to tokenize almost anything. The protocol ensures that the link between the token and the underlying asset is legally and technically enforceable, and enables P2P contractual rights transfer. As a result, assets worth $1.2 trillion can be traded on the LAT Platform by 2025.

Game-Changing Platform

Trading real assets on blockchain have many upsides. First of all, it provides you with an opportunity to diversify crypto portfolio without converting to fiat. While cryptocurrencies remain one of the most volatile, yet attractive investments, LAToken helps you get exposure to real assets using your crypto holdings. Imagine, you can buy a piece of Mona Lisa or a fraction of a French castle, and sell it with profit in a few years. Looks like the best way to navigate the crypto markets volatility storm today.

Secondly, LAToken enables small investors to get access to previously closed markets. For example, the entrance level for real estate and artworks markets stands at thousands of dollars. Even if you see an amazing investment opportunity, you wouldn’t be able to invest without a considerable starting capital. LAToken changes that by selling assets by fractions. You will get the chance to start investing in real estate and art with just $100.

Owners of illiquid assets, in their turn, get the opportunity tokenize them and sell by fractions with a liquidity premium estimated at 10–40%. “Businesses succeed if they provide a solution to a problem which affects a large market. Finding liquidity for illiquid assets is a trillion dollar market. LAToken has found a solution to this global problem,” says Mitchell Manoff, Co-Founder and CEO of Corinthian Partners and LAToken Advisor with 42 years of experience in finance.

Finally, fiat traders can prefer LAToken to NASDAQ due to lower transaction costs and 24/7 availability and a wider range of available assets.

Today is the last day of LAT Token Sale. Hurry up, or you’ll miss the chance to join the hottest ICO of this autumn the with real vision and working platform. Join now at to get an 7% bonus.

Former chief economist at the IMF, Kenneth Rogoff, has made public his thoughts on cryptocurrency, Bitcoin, and blockchain technology generally. In a post published on both the Guardian and Project Syndicate, the Harvard economics and public policy professor expressed his doubt about the future of BTC in a potentially hostile regulatory environment.

The long history of currency tells us that what the private sector innovates, the state eventually regulates and appropriates..I have no idea where bitcoin’s price will go over the next couple years, but there is no reason to expect virtual currency to avoid a similar fate.

Rogoff argues that efforts by governments, like those last month in China, to control and regulate digital currencies could prompt many to lose speculative interest in them. He believes that the planet’s legislative powers hold the key to crypto’s future and that it will be their responses that determine what happens next.

He also highlights the ease with which those in the financial industry can copy blockchain tech. This would allow them to harness some of the perks of crypto, without succumbing to Bitcoin’s potentially disruptive powers. Ultimately, for Rogoff, it’s “folly” to think that a truly decentralised cryptocurrency could ever be welcomed in favour of fiat currency.

However, not all countries attempting to regulate crypto are taking as tough a stance as China. Rogoff notes the US, for example, but states that their “endgame is far from clear”. He’s also more positive about Japan’s legislative efforts to become a fintech leader. Acknowledging their acceptance of cryptocurrency as a legal tender, he admits that “Bitcoin does not need to win every battle to justify a sky-high price”.

Most of Rogoff’s criticism stems from the perceived notion that Bitcoin allows greater anonymity for criminals, and for him it’s this quality that also provides its current value.

Were bitcoin stripped of its near-anonymity, it would be hard to justify its current price.

He also sees that there may still be value in Bitcoin should a blanket ban ever be attempted worldwide. Citing examples of rogue states like North Korea, he admits the possibility of a future where price is maintained by a network of global actors circumventing international sanctions.

Source: Alchetron | Image: Rogoff Says China Property Starting to 'Collapse'



As yesterday’s candlestick closed, our minor resistance level at $35 had been broken with price action testing resistance trend line at $38. It tested that level before reversing lower. Price moved $9 forming a double bar reversal pattern or a bear engulfing pattern, whichever pattern you would prefer. Also notice that this pattern was accompanied by above average volumes which spiked to 1M. By forming this candlestick, a double top was confirmed following similar price action pattern on 02.10.2017 and 03.10.2017. For bears to be completely in charge, conservatives should wait for a break below support trend line at $29. Should it happen with strong volumes at or above daily average, then intraday traders can initiate shorts in lower time frames. Already, there is a stochastic sell signal which gives a hint that bear momentum is still high. Refer Figure 1(above): NEOUSD-Daily Chart-09.10.2017


analysis, altcoin, DASH
Figure 2: DASHUSD-Daily Chart-09.10.2017

So just like NEOUSD, there is a clear break below support trend line with increased bear volumes. Yesterday, 33K bears jumped in, that was 5K more orders on average over the last 3 or so trading days. You also note that stochastics turned lower following the break below support trend line. Today, bears should enter short especially if price action breach $286. Our targets remain unchanged at $270 and $220.


altcoin, analysis, cryptocurrency
Figure 3: IOTUSD-Daily Chart-09.10.2017

The 20 period MA is acting as a reliable resistance trend line and as price action consolidates between $0.55 and $0.50, our profit target remains unchanged. Overly, I anticipate sell momentum to continue over the next few trading days now that volumes are stabilizing. $0.50 remains our immediate support level and if broken, then aim for the lower range of that take profit zone at $0.36. Safe stop losses should be placed above $0.55, which is the 20 period MA.


analysis, cryptocurrency , altcoin
Figure 4: Monero-XMRUSD-Daily Chart-09.10.2017

So far, even though bear momentum is still high, price action is still within the BB squeeze and consolidating towards the apex of that wedge. Additionally, there is almost no movement as price action is oscillating a very narrow $2 which is contrary to the average $7 price change a day. In the last 4 days, there have been a series of lower low relative to the upper BB and a rebound from the 20 period MA which is now a flexible resistance. Any break above $94 and consequent close above resistance trend line will invalidate our bear projection especially if it is accompanied by strong bull volume. For now, sellers should aim for immediate support at $81 while keeping an eye at participation levels as shown by volumes.


altcoin, analysis, lisk
Figure 5: LSKUSD-Daily Chart-09.10.2017

Our 06.10.2017 break out was confirmed on 07.10.2017 and yesterday when those two bear soldiers were printed. First off, our minor support at $5 was blasted through yesterday as sellers jumped in. Note those high volumes-at 650K above the daily average of 500K. Secondly, the lower BB candlestick hugging. The latter is particularly indicative of high momentum and since the recent pattern is a classic breakout with a retest of support turned resistance trend line at $5.5, I expect more bear build up. Target support line at $4.0 and move stop loss to break even.

Contributed by Dalmas Ngetich, an expert with 3 years in Forex, Commodity and Cryptocurrency trading. All charts, courtesy of Trading View

So that’s another day complete in our bitcoin price trading efforts and – once again – it’s been a pretty good one. Price has broken through the 4600 mark and there’s plenty to suggest that the bulls remain firmly in control. If this is the case, we should see a continuation of the upside momentum moving forward into the late US session and, beyond, into early Asian session tomorrow morning.

Whatever happens, we’re going to set up our strategy so as to ensure that we can draw profit from any volatility that we get.

So, let’s get some levels in place and outline our plans for the forward session. As ever, take a quick look at the chart below before we get started so as to get an idea what’s on and where things stand right now. It’s a one-minute candlestick chart and it’s got our range overlaid in green.


As the chart shows, then, the range we are looking at for the session today comes in as defined by support to the downside at 4616 and resistance to the upside at 4666. We are going to stick primarily to our breakout strategy for the time being, in the hope that we can get some solid momentum trades in place.

There are two trades on, with our entries dictated by the following:

  • If we get a close above resistance, we’ll jump into the markets long towards an immediate upside target of 4700. A stop on the trade somewhere in the region of 4660 will ensure we are taken out of the trade in the event of a bias reversal.
  • A close below support will signal a downside entry towards a target of 4590. A stop on this one at 4622 looks good from a risk management perspective.

Let’s see how things play out and we’ll update in the morning.

Charts courtesy of Trading View

Over the past week, the Bitcoin price has shown strong resilience towards the exit of the Chinese cryptocurrency exchange market and the emergence of the SegWit2x hard fork in November.

Earlier this year, a group of 58 companies led by Digital Currency Group (DCG) that represent 83.28 percent of hashing power and 20.5 million bitcoin wallets agreed on a proposal known as SegWit2x, to activate the Bitcoin Core development team’s scaling and transaction malleability solution Segregated Witness (SegWit) and increase the Bitcoin block size to 2MB shortly thereafter.

But, the Bitcoin Core development team, the Bitcoin open-source development community, businesses, investors, and most users have condemned the strategy of the group of companies to run a hard fork in November without reaching consensus as a community. Some analysts and developers including Jameson Lopp, the engineer for BitGo, stated that some aspects of the SegWit2x codebase such as its replay protection can be considered “as a type of attack on Bitcoin,” because it intends to confuse Bitcoin users and investors deliberately with the purpose of evolving into the majority Bitcoin blockchain.

Also, the Bitcoin Core development team and analysts within the cryptocurrency sector criticized the centralization of consensus and development by the SegWit2x community. In March, the group of companies in support of SegWit2x released a joint statement that read:

“We are also committed to the research and development of technical mechanisms to improve signaling in the bitcoin community, as well as to put in place communication tools, in order to more closely coordinate with ecosystem participants in the design, integration, and deployment of safe solutions that increase bitcoin capacity.”

While the intent behind the statement to spur the growth of the Bitcoin blockchain network through innovative developments and the deployment of secure software is praiseworthy, development within the Bitcoin protocol and community should be carried out in a decentralized and distributed manner; developers sustain the codebase, businesses and users run the nodes, and miners verify transactions and signal support for the software developed by the open-source development community of bitcoin. If the codebase of Bitcoin is maintained by a closed group of developers and approved by a community of miners that have already established an agreement, it defeats the purpose of having a decentralized structure which many organizations including the Bank of Finland have praised.

Still, even if the majority of hash power supports SegWit2x and its debut in November, Bitcoin investor Alistair Milne noted that the network effect of Bitcoin will allow it to secure its position as the majority blockchain and the legacy chain. More importantly, Milne emphasized that businesses and miners will not be able to support SegWit2x for the following reason:

“Businesses will not commit commercial suicide. The largest Bitcoin companies are already showing they will support both tokens in the interim and therefore allow the market to decide the victor. Advantage Legacy Bitcoin: a new token cannot practically be called Bitcoin / BTC as that name is already taken and it would invite chaos.”

Already, Bitfinex has announced that it will provide the moniker “B2X” upon the launch of the SegWit2x coin in November.

Image License: Tawheed Manzoor, commercial use

The concept of banning Bitcoin altogether makes no sense whatsoever. No government or other parties can prohibit people from using something that can’t be controlled or regulated. In Malaysia, that realization will hopefully set in soon enough. As of right now, the local central bank prepares to issue a nationwide Bitcoin ban before the year is over. Delaying the inevitable change is not in anyone’s best interest, though.

Everyone knows the central bank of Malaysia has no love lost for cryptocurrencies. Such a negative stance is not uncommon, though. After all, Bitcoin and altcoins are a legitimate threat to central banks all over the world. Attempting to ban Bitcoin and altcoins altogether will do nobody any good, though. Considering Malaysia is Southeast Asia’s fourth-largest economy, missing out on financial innovation is a bad idea.

Bitcoin ban in Malaysia Will Have no Effect

One thing to take into considering is how Malaysia is a conservationist country when it comes to finance. The situation hasn’t changed much over the past few decades. A lot of officials struggle with the concept of change, which is only to be expected. Anything that can even provide to be innovative must be nipped in the bud as soon as possible. It is this type of attitude that will render central banks obsolete sooner rather than later.

Bitcoin is not officially recognized as legal tender in the country. However, they are so worried about it, banning seems to be the only course of action. This goes to show there is a deeper understanding of cryptocurrency among central bank officials. Deciding upon a ban on cryptocurrency by the end of the year sounds rather ambitious. After all, a lot can change between now and late December.

That being said, it remains to be seen how things will play out. Just because the central bank wants to ban Bitcoin doesn’t mean they can push it through. Moreover, this decision has no real effect whatsoever. Bitcoin isn’t controllable of subject to any regulation. Centralized companies are a different ordeal altogether. However, the Bitcoin ecosystem doesn’t need centralized companies to succeed in the long run. The Malaysian government wants to play its trump card already, which can only be a positive sign for the growth of cryptocurrency in the long run.

We are off on a fresh week of trading in the bitcoin price and things are looking extremely positive during the early European session. Over the weekend, price returned to the $4500 level that we last saw at the beginning of September (or, more accurately, this time last month) and it looks as though the impact of the Chinese regulatory efforts has been completely negated and priced out of the market within four weeks – a real win from an adoption perspective.

With this noted, then, let’s get some levels in place that we can use to try and draw a profit from the market if we see a continuation of the volatility that dominated price over the weekend, today. As ever, take a quick look at the chart below before we get started. It is a one-minute candlestick chart and it has our key range overlaid in green.

As the chart shows, then, range we are looking at for the session today comes in as defined by support to the downside at 4578 and resistance to the upside out 4612. We are going to go at the market with both an intrarange and a breakout approach today, so as an initial strategy, we will look at entering long on a bounce from support towards an immediate upside target of resistance and, conversely, short on a correction from resistance towards support.

Looking at our breakout approach, if we see price close above resistance, we will jump into a long trade with an immediate upside target of 4650. A stop loss on the position at 4600 works to keep risk defined. Looking the other way, a close below support will have us in short towards an immediate downside target of 4540. Again we need a stop loss on this one and somewhere in the region of 4586 looks good.

Charts courtesy of Trading View

A lot of people were surprised by the ICO ban in South Korea. That it not abnormal, considering the country has been warming up to Bitcoin as of late. This new form of raising money attracts a lot of attention, though. Both for good and bad reasons, people flock to ICOs without doing much research. A few startups in the country will fight the government’s ICO ban in the coming weeks.

South Korea has quickly become one of the larger Bitcoin markets to contend with. Ever since China borked its regulations, Japan and South Korea have stepped in to fill this power vacuum. Unfortunately, things are not entirely going as planned in the country. Instead, there is an ICO ban to contend with, which makes life a bit more difficult. While China has also banned ICOs, the decision in South Korea will not be accepted all that easily.

Fighting the ban on ICOs in South Korea

Instead, a few startups are planning to fight this decision by the government. More specifically, a lot of companies saw this decision in South Korea coming from a few miles away. Taking a stance against the government is a risky move, to say the very least. Then again, it is also more than warranted, as a petition is the least startups can put together. A law firm has also been hired to prove ICOs can’t be penalized under existing laws. It is this latter part which will have some major consequences in every region where initial coin offerings are in the hot seat.

Additionally, the country is home to quite a few successful startups. Multiple companies raised a few million dollars worth of Korean Won. The concept of raising money through this alternative method is quickly picking up steam. Several coin offerings are already scheduled to take place later this year and in early 2018. This will be done despite government opposition, mind you, which is a remarkable concept. Local startups feel this ban was “rushed” and regulators shouldn’t look at cryptocurrencies as if they are pyramid schemes.

For the time being, it remains to be seen how this situation plays out. It is commendable South Korean startups want to go on the offensive. Whether or not that is a smart decision, remains to be determined, though. Things are not at a standstill in the world of initial coin offerings. It is good to see these companies focus on what they feel is the future of fundraising. Additionally, other Asian countries have – for now – taken more kindly toward ICOs. An interesting situation to keep an eye on, that much is certain.