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Showing posts from April, 2018

Market Intelligence - April 25

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Today was a fairly busy day characterized with 521 transactions, which is lower than the usual 600+ transactions. A total of 300,800 CRPTs valued at $259,122.66 dollars were exchanged. The market opened at 0.00010380 BTC ($1), and closed bearish at 0.00009764 BTC ($0.86). It peaked at 0.00010600 BTC ($1.03) and had its lowest point at 0.00009740 BTC. In summary, it was a massively bearish market with pip movement of -0.00000616 and transaction ratio of long to short trades at ~ 26:74. April 25 - Crypterium Market Summary Although, Crypterium's COO and co-founder had a livestream where he announced a number of favourable news, such as partnership with world profound companies for KYC and AML services, which will enable Crypterium build business relationship with any payment gateways and ordinarily should have caused a spike in long trades, there was a more devastating event which occurred the previous day and whose effect is still being felt in the market today. That is the

Livestream With Austin Kimm - Crypterium's COO and Co-founder

Hi, Please follow the below link to watch the livestream of Crypterium's COO and Co-founder Austin Kimm : https://www.facebook.com/pg/crypterium.org/videos/?ref=page_internal

Market Intelligence - April 23

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We would like to thank our readers for their feedback and suggestions. Based on feedback gotten, we would start quantifying our trade analysis in terms of dollars as well. In that light, we will reference the closing price of bitcoin and CRPT when converting the value of CRPT from bitcoin to dollars. e.g assuming the closing price of bitcoin in a given day is $8000, then the trade volume of 8000 CRPTS in dollars at a CRPT closing price of 0.0001 would be $8000*8000 CRPTs * 0.0001. This would be equal to $6400. That said, CRPT experienced an increased volume of trade to the tune of 371,900 CRPTs valued at $352, 620.48. The day opened high at 0.00010756 BTC ($0.96) and closed at 0.00010600  BTC ($0.95), thus closing as a bearish market. The highest trade was placed at 0.00010965 BTC ($0.98) and lowest trade at 0.00010113 BTC ($0.90). There was a total of -0.00000156 pip movement. April 23 - Crypterium Market Summary Trading behaviour seem to be normalizing with less than 1 p

Crypterium's 1000 Transactions Per Second Speed - Our Opinion

In the recent AMA with the CCO, Vladimir Gorbunov, it was revealed that Crypterium has built an infrastructure which is currently capable of processing up to 1000 transactions per second...and promise to have that increased in the nearest future. We will do a comparism of the transaction speed of Crypterium with other payment technologies and crypto payment methods, in an attempt to understand the importance of this piece of information from Vladimir. BITCOIN - Due to the limitation of the bitcoin block to 1Mb, the average number of transactions that can be processed per second is just 7. This is too slow to be deployed as a global payment solution on its own, as it would mean people will need to take queues just to have their transcations processed. ETHEREUM - is a little faster at 20 transactions per second. However, this in itself, just like Bitcoin is not an efficient payment solution. PAYPAL - This is about 10 times the speed of ethereum at 193 transactions per second. Al

Market Intelligence - April 22

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Welcome to today's series of CMA. The CRPT market today was characterized with low volume of 180,100 CRPTs (Valued at $172,132.35 - @ $8,857/Bitcoin) exchanged in 642 transactions. CRPT Sellers had a higher percentage of trades accounting for 54.89% of the market share in 331 transactions. This is a slight improvement over the previous day share of 55%. The day opened at 0.00010786 and closed at 0.00010790, resulting in a slightly bullish market with just + 0.00000004 pips movement. April 22 - Crypterium Market Summary Considering that the trade volume is low (at 180,100 CRPTs), it may be a bit difficult to conclude on trader's behaviour today. However, the facts as it is in today's trade is that there is a reduction in trader's appetite to sell cheap. This is evidence in the graph which places cheap selling traders at 18% (as against 38% recorded yesterday, April 21st). There is no apparent reason why this may be the case, as no major news was released.

Market Intelligence - April 21

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Welcome to the pioneering series of Crypterium Market Intelligence (CMI). CMI aims to analyze the trade events that occur within any given day, using data from Crypterium's official exchanges (currently, just Hitbtc) in order to bring to knowledge useful information that is ordinarily hidden from the average trader and investors. It is also important to state that our analysis will focus only on CRPTBTC, since it controls over 80% of the CRPT market. To achieve our aim, we will first bring out the facts : in terms of trade volumes, price low and high etc and then plot out the distribution of the trades made within a given day. Based on this, we will try to find a correlation between major news events and trader's behaviour. We will then attempt to draw inference and conclusions which could be useful in making future trade decisions and market evaluation. Since our aim is to bring understanding of the market, even to the novice, we shall try as much as possible to ke

Crypterium Integrates Kraken Into Its App

The Crypterium app is the tool that enables users to make payment at merchant sites or shops. and is downloadable on the Android and IOS stores. It consists of the following: 1. A Cryptowallet - for storing Bitcoin, Ethereum, Litecoin  and CRPT owned by users. 2. A Digital payment card e.g Master card, Visa card and Union pay card - This enables crypto - fiat payment at merchant stores. But it is totally invisible to the user. 3. Crypterium SX - This is a smart exchange that keeps track of the prices of cryptocurrencies (i.e CRPT, bitcoin, ethereum etc) on all exchanges that are integrated into the Crypterium app. The purpose of this is to help users get the best price when making purchases using the Crypterium app. e.g Assuming Exchange A, B and C are integrated into the Crypterium app and that a user wants to purchase a pizza which costs $5 at Dominos shop and would pay using his bitcoins, the Crypterium SX will automatically do the following: a) Check that the us

What Is Crypterium and CRPT ?

CRPT in its simplest definition is a cryptocurrency that enables individuals who have other forms of cryptocurrency e.g Bitcoin, Litecoin, Ethereum etc to spend their cryptocurrencies in the real world, as though they are spending fiat money (fiat money is the regular currencies we are all used to e.g US dollars, Pounds, Euro etc) With CRPT, any individual who has Bitcoin, Ethereum, Litecoin and other cryptocurrencies with high liquidity can walk up to a starbucks shop to buy a cup of coffee, and pay with the cryptocurrency they possess. Similarly, the individual can pay using their cryptocurrency with any merchant that accepts NFC payment. Crypterium is the name of the company that has made it possible for cryptocurrency owners to spend their cryptocurrencies in the real world. It has its headquarter in Talin, Estonia. Its founders are : Steven Polyak - He is the managing director and co-founder with more than 10 years of experience in capital markets Austin Kimm - IR Directo