admin@quantsalus.com

  24/7 feedback

  

News

  • 11.06.2019 | Make America whine again: Trump threatens French wine with tariffs




    US President Donald Trump has once again accused France of creating trade barriers to US wine exports. He promised that he would work to open the European market to ‘great’ American wine. “France charges us a lot for the wine. And yet we charge them very little for French wine,” Trump told CNBC during an interview. He said that California winemakers have complained to him about the EU tariffs. “So the wineries come to me and say ’Sir, we’re paying a lot of money to put our product into France, and you’re letting’—meaning, this country is allowing—‘these French wines, which are great wines, but we have great wines too — allowing it to come in for nothing. It’s not fair,’” said Trump. US President Donald Trump has once again accused France of creating trade barriers to US wine exports. He promised that he would work to open the European market to ‘great’ American wine. “France charges us a lot for the wine. And yet we charge them very little for French wine,” Trump told CNBC during an interview. He said that California winemakers have complained to him about the EU tariffs. “So the wineries come to me and say ’Sir, we’re paying a lot of money to put our product into France, and you’re letting’—meaning, this country is allowing—‘these French wines, which are great wines, but we have great wines too — allowing it to come in for nothing. It’s not fair,’” said Trump. He continued: “And you know what? It’s not fair. We’ll do something about it.” The US president targeted French wine last year when he tweeted that France makes it hard for the United States to sell wine in the country. “On Trade, France makes excellent wine, but so does the US. The problem is that France makes it very hard for the US to sell its wines into France, and charges big Tariffs, whereas the US makes it easy for French wines, and charges very small Tariffs. Not fair, must change!” Trump wrote. However, France is part of the 28-member European Union and does not set its own trade policy or tariffs. EU tariffs for imported wine are higher than those implemented by the United States. According to advocacy group Wine Institute, they range from 11 cents to 29 cents, depending on the alcohol content. US tariffs on imported French wine are 5 cents per 750-milliliter bottle and 14 cents for sparkling wine. The United States is the most valuable market for French wine exports which, according to statistics, grew 4.6 percent last year to $3.6 billion (€3.2 billion). French customs figures showed that US exports to France tripled between 2007 and 2018. Europe was by far the largest export destination for American wines. © Reuters / Charles Platiau   https://quantsalus.com/rules/...

    US President Donald Trump has once again accused France of creating trade barriers to US wine exports. He promised that he would work to open the European market to ‘great’ American wine.

    “France charges us a lot for the wine. And yet we charge them very little for French wine,” Trump told CNBC during an interview. He said that California winemakers have complained to him about the EU tariffs.

    “So the wineries come to me and say ’Sir, we’re paying a lot of money to put our product into France, and you’re letting’—meaning, this country is allowing—‘these French wines, which are great wines, but we have great wines too — allowing it to come in for nothing. It’s not fair,’” said Trump.

    US President Donald Trump has once again accused France of creating trade barriers to US wine exports. He promised that he would work to open the European market to ‘great’ American wine.

    “France charges us a lot for the wine. And yet we charge them very little for French wine,” Trump told CNBC during an interview. He said that California winemakers have complained to him about the EU tariffs.

    “So the wineries come to me and say ’Sir, we’re paying a lot of money to put our product into France, and you’re letting’—meaning, this country is allowing—‘these French wines, which are great wines, but we have great wines too — allowing it to come in for nothing. It’s not fair,’” said Trump.

    He continued: “And you know what? It’s not fair. We’ll do something about it.”

    The US president targeted French wine last year when he tweeted that France makes it hard for the United States to sell wine in the country.

    “On Trade, France makes excellent wine, but so does the US. The problem is that France makes it very hard for the US to sell its wines into France, and charges big Tariffs, whereas the US makes it easy for French wines, and charges very small Tariffs. Not fair, must change!” Trump wrote.

    However, France is part of the 28-member European Union and does not set its own trade policy or tariffs. EU tariffs for imported wine are higher than those implemented by the United States. According to advocacy group Wine Institute, they range from 11 cents to 29 cents, depending on the alcohol content. US tariffs on imported French wine are 5 cents per 750-milliliter bottle and 14 cents for sparkling wine.

    The United States is the most valuable market for French wine exports which, according to statistics, grew 4.6 percent last year to $3.6 billion (€3.2 billion).

    French customs figures showed that US exports to France tripled between 2007 and 2018. Europe was by far the largest export destination for American wines.

    © Reuters / Charles Platiau

     

    https://quantsalus.com/rules/


    11.06.2019 | China asks India to team up to ward off US bullying trade practices




    Chinese authorities have invited the Indian government to join efforts to effectively offset the potential impact of “protectionist“ and “unilateral“ trade practices implemented by the US across the world over recent months. According to Chinese Vice Foreign Minister Zhang Hanhui, “trade frictions between China and the US and the specter of trade frictions between the US and India” may become a crucial subject for talks between the two states, bullied by Washington. “Trade protectionism and unilateralism are very much on the rise. How to respond to the bullying practices of the United States … its practices of trade protectionism is an important question,” Zhang said. The comment comes ahead of the Shanghai Cooperation Organization (SCO) summit, which is to kick off in the Kyrgyz capital of Bishkek later this week. Chinese President Xi Jinping is expected to meet with his Indian counterpart Prime Minister Narendra Modi on the sidelines of the event. The top official stressed that the heads of state would reach deeper understanding on the issue of “upholding justice and opposing trade protectionism” in global trade. Moreover, Zhang expressed hopes that the neighboring nations would agree on bilateral trade. China, which has been embroiled in an unceasing trade dispute with the US, is being forced to look for new allies and partners. So far, the White House has imposed billions of dollars in tariffs on China, with Beijing firing back in a reciprocal way. The trade war saw another escalation after the US intensified attempts to force Chinese tech giant Huawei out of the American and European markets. The latest attacks by the US on its long-standing trade partners have had a significant negative impact on Washington's relations with New Delhi. Last year, the US slapped India with 25 percent tariffs on steel and 10 percent levies on aluminum. Earlier this month, the country was officially excluded from the Generalized System of Preferences, a duty-free import agreement under which it was allowed to export over $5 billion worth of goods to the US market annually. Apart from that, the US administration has forced India to stop buying oil from Iran and Venezuela and ordered it to scrap its S-400 air defense system deal with Russia.   © Getty Images / piskunov   https://quantsalus.com/about/...

    Chinese authorities have invited the Indian government to join efforts to effectively offset the potential impact of “protectionist“ and “unilateral“ trade practices implemented by the US across the world over recent months.

    According to Chinese Vice Foreign Minister Zhang Hanhui, “trade frictions between China and the US and the specter of trade frictions between the US and India” may become a crucial subject for talks between the two states, bullied by Washington.

    “Trade protectionism and unilateralism are very much on the rise. How to respond to the bullying practices of the United States … its practices of trade protectionism is an important question,” Zhang said.

    The comment comes ahead of the Shanghai Cooperation Organization (SCO) summit, which is to kick off in the Kyrgyz capital of Bishkek later this week. Chinese President Xi Jinping is expected to meet with his Indian counterpart Prime Minister Narendra Modi on the sidelines of the event.

    The top official stressed that the heads of state would reach deeper understanding on the issue of “upholding justice and opposing trade protectionism” in global trade. Moreover, Zhang expressed hopes that the neighboring nations would agree on bilateral trade.

    China, which has been embroiled in an unceasing trade dispute with the US, is being forced to look for new allies and partners. So far, the White House has imposed billions of dollars in tariffs on China, with Beijing firing back in a reciprocal way. The trade war saw another escalation after the US intensified attempts to force Chinese tech giant Huawei out of the American and European markets.

    The latest attacks by the US on its long-standing trade partners have had a significant negative impact on Washington's relations with New Delhi. Last year, the US slapped India with 25 percent tariffs on steel and 10 percent levies on aluminum. Earlier this month, the country was officially excluded from the Generalized System of Preferences, a duty-free import agreement under which it was allowed to export over $5 billion worth of goods to the US market annually.

    Apart from that, the US administration has forced India to stop buying oil from Iran and Venezuela and ordered it to scrap its S-400 air defense system deal with Russia.

     

    © Getty Images / piskunov

     

    https://quantsalus.com/about/


    10.06.2019 | John Reed Stark Blasts Bitcoin and IEOs




    Not every person living on this planet firmly believes cryptocurrencies are here to stay. While that should not come as too big of a surprise, there are still individuals who expect Bitcoin to hit $0 in the near future. John Reed Stark is no fan of Bitcoin, IEOs, or any activity associated with either industry. He recently made some rather interesting remarks which are worth paying attention to. Bitcoin Will hit $0 It is not the first time someone openly claims the value of Bitcoin will hit zero sooner or later. In the case of John Reed Stark, it has been his opinion for quite some time now. While everyone is entitled to their own opinion, the former US Government senior official seemingly expects all cryptocurrencies to drop to zero in the very near future. As is usually the case when such comments are made, there is no real evidence to back up these outrageous claims. While it is evident Stark sees no merit in cryptocurrency, the rest of the world seems to have some rather different opinions regarding this matter. It also seems Stark is a friend of Warren Buffet, another person who would like to all cryptocurrencies burn in righteous fire.  For now, they still have to wait on seeing that happen. Bitcoin Only has Value due to Criminal Activity Anyone involved in Bitcoin and other cryptocurrencies knows all too well Bitcoin is often associated with criminal activity. It is certainly true Bitcoin has become a common payment method on darknet markets, but it does not necessarily facilitate crime on any measurable scale. The vast majority of crime-related payments occur through more traditional means such as bank transfers, money transfers, gift cards, et cetera. According to Stark, most of Bitcoin’s value is directly correlated to its use among criminals. He even goes as far as stating how Bitcoin can help people hire a hitman or fund terrorist-related activities. To date, no Bitcoin payments have been linked to either of those activities, thus it is a bit odd to see such comments. They are often rehashed when it comes to anti-cryptocurrency remarks, yet finding any solid shred of evidence is a different matter altogether. IEO’s are a Get-Rich-Quick Scheme There are a lot of opinions regarding Initial Exchange Offerings, or IEOs. The logical evolution of ICOs have gotten a lot of attention recently, and traders often make good money from buying tokens and selling them several days later. Getting in on the IEO action is a different matter altogether, however, as these token sales usually end very quickly. For Stark, this new business model is a cesspool which should not even exist. More specifically, he claims IEOs are a medium for fraud, insider trading, and general chicanery. Moreover, Stark claims every IEO is a money grab and a get-rich-quick scheme without any long-term plans. A very strong opinion regarding Initial Exchange Offerings, although one that is somewhat shared by a fair few “experts’ these days. Whether or not Stark’s remarks will have any real impact on the cryptocurrency industry as a whole remains unclear. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.   Image(s): Shutterstock.com   https://quantsalus.com/rules...

    Not every person living on this planet firmly believes cryptocurrencies are here to stay. While that should not come as too big of a surprise, there are still individuals who expect Bitcoin to hit $0 in the near future. John Reed Stark is no fan of Bitcoin, IEOs, or any activity associated with either industry. He recently made some rather interesting remarks which are worth paying attention to.

    Bitcoin Will hit $0

    It is not the first time someone openly claims the value of Bitcoin will hit zero sooner or later. In the case of John Reed Stark, it has been his opinion for quite some time now. While everyone is entitled to their own opinion, the former US Government senior official seemingly expects all cryptocurrencies to drop to zero in the very near future.

    As is usually the case when such comments are made, there is no real evidence to back up these outrageous claims. While it is evident Stark sees no merit in cryptocurrency, the rest of the world seems to have some rather different opinions regarding this matter. It also seems Stark is a friend of Warren Buffet, another person who would like to all cryptocurrencies burn in righteous fire.  For now, they still have to wait on seeing that happen.

    Bitcoin Only has Value due to Criminal Activity

    Anyone involved in Bitcoin and other cryptocurrencies knows all too well Bitcoin is often associated with criminal activity. It is certainly true Bitcoin has become a common payment method on darknet markets, but it does not necessarily facilitate crime on any measurable scale. The vast majority of crime-related payments occur through more traditional means such as bank transfers, money transfers, gift cards, et cetera.

    According to Stark, most of Bitcoin’s value is directly correlated to its use among criminals. He even goes as far as stating how Bitcoin can help people hire a hitman or fund terrorist-related activities. To date, no Bitcoin payments have been linked to either of those activities, thus it is a bit odd to see such comments. They are often rehashed when it comes to anti-cryptocurrency remarks, yet finding any solid shred of evidence is a different matter altogether.

    IEO’s are a Get-Rich-Quick Scheme

    There are a lot of opinions regarding Initial Exchange Offerings, or IEOs. The logical evolution of ICOs have gotten a lot of attention recently, and traders often make good money from buying tokens and selling them several days later. Getting in on the IEO action is a different matter altogether, however, as these token sales usually end very quickly. For Stark, this new business model is a cesspool which should not even exist.

    More specifically, he claims IEOs are a medium for fraud, insider trading, and general chicanery. Moreover, Stark claims every IEO is a money grab and a get-rich-quick scheme without any long-term plans. A very strong opinion regarding Initial Exchange Offerings, although one that is somewhat shared by a fair few “experts’ these days. Whether or not Stark’s remarks will have any real impact on the cryptocurrency industry as a whole remains unclear.

    Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.

     

    Image(s): Shutterstock.com

     

    https://quantsalus.com/rules


    10.06.2019 | Oil just had its worst run since 2008




    Oil has entered a bear market as fears of an economic downturn mount. The fundamentals look much tighter than the swoon might suggest, but the supply and demand picture is also beginning to look more negative. The EIA report was exceptionally weak, showing a strong build in crude oil (+6.8 million barrels), gasoline (+3.2 million barrels) and distillates (+4.6 million barrels). The combined builds across multiple products surprised the market. Sometimes, these figures sort of offset each other. For instance, if refiners are running really hard, they tend to build up gasoline stocks, but they use up crude oil in the process, so crude inventories dip even as gasoline stocks rise. This time around there was none of that. Increases across the board led to a plunge in oil prices. “Oil has a Lehman Brothers moment,” is how Standard Chartered described it. The investment bank puts out its own “bull-bear index,” ranging from -100 to +100, measuring the direction the market seems to be heading in a given week. “Our US oil data bull-bear index registers -96.7, only slightly better than the extreme -100 reading of two weeks ago,” the bank said. “The four-week average of the index is -79.4, taking it far below the five-year range.” There hasn’t been such a negative four-week run since 2008, the bank said. In other words, oil market fundamentals are heading in a really bearish direction, and the last time things looked this bad was during the financial crisis. The flip side is that the US economy is not spiraling out of control in the way that it was after the collapse of Lehman Brothers. So, it’s possible that oil prices “have overshot to the downside,” Standard Chartered noted. “We think oil prices are now around USD 10 per barrel (bbl) too low on a fundamental basis, unless a specific data point is believed to be a leading indicator rather than a temporary blip,” Standard Chartered analysts said in a separate report on Tuesday. Still, demand is starting to weaken. Standard Chartered notes that weakness is mostly confined to distillates (i.e., weaker activity in manufacturing and agriculture), with consumption in May dropping 9 percent, year-on-year. While gasoline demand has held up, it is still off 1.7 percent from a year ago. A Wall Street Journal survey of 10 investment banks finds an average Brent forecast of $70 per barrel for the year. Brent is now in the low-$60s, so major analysts are largely shrugging off the current tailspin and believe that crude will rebound. They are looking past the possibility of an economic downturn and instead are focusing on tightening supply conditions due to declines in Venezuela, Iran, potentially Libya and temporary outages from Russia. “I’m still happy with our forecasts,” Warren Patterson, senior commodities strategist at ING, told the WSJ. “The selloff we’ve seen has been purely driven by macroeconomic and trade concerns, and if we look at the fundamental picture, we see oil supply continuing to tighten.” But it isn’t as if economic concerns have no effect on the fundamentals. Obviously, an economic downturn would undercut demand, leading to a supply/demand mismatch. The pending US tariffs on Mexico, should they go forward, would almost certainly deepen the gloom. Bank of America Merrill Lynch admitted as much. “Fears of an escalating trade war, particularly following last Thursday evening news regarding new US tariffs on Mexico, have shattered confidence. Manufacturing PMIs could deteriorate further in the months ahead, derailing our $70/bbl average oil price projection for 2019,” the bank said. The supply picture, while currently tight, could also flip from a bullish outlook to a bearish one. US shale is expected to continue to grow, despite low oil prices and financial stress in the sector. “Well-publicized Wall Street demands that light tight oil producers rein in their spending have fueled expectations that supply growth would soon slow down,” data-tracking firm Kayrros said. Those concerns are “inflated,” and “budget discipline does not necessarily come at the cost of production growth,” Kayrros said. The firm noted that while the rig count is down, well completion data – which more reliably tracks production growth – “bounced back with a vengeance in Q1 2019” after a soft fourth quarter. Rystad Energy also sees strong production growth ahead, despite poor financials. The Norwegian consultancy revised up its forecast for US production to end the year at 13.4 million barrels per day. “Our US supply projections have been revised up yet again. US oil production is already higher than many in the market believe,” says Bjørnar Tonhaugen, Head of Oil Market Research at Rystad Energy. If US oil production continues to grow even as oil prices slide, that will make a rebound for Brent and WTI all the more difficult.   © Getty Images / KTSDESIGN/SCIENCE PHOTO LIBRARY   https://quantsalus.com/about...

    Oil has entered a bear market as fears of an economic downturn mount. The fundamentals look much tighter than the swoon might suggest, but the supply and demand picture is also beginning to look more negative.

    The EIA report was exceptionally weak, showing a strong build in crude oil (+6.8 million barrels), gasoline (+3.2 million barrels) and distillates (+4.6 million barrels). The combined builds across multiple products surprised the market. Sometimes, these figures sort of offset each other. For instance, if refiners are running really hard, they tend to build up gasoline stocks, but they use up crude oil in the process, so crude inventories dip even as gasoline stocks rise. This time around there was none of that. Increases across the board led to a plunge in oil prices.

    “Oil has a Lehman Brothers moment,” is how Standard Chartered described it. The investment bank puts out its own “bull-bear index,” ranging from -100 to +100, measuring the direction the market seems to be heading in a given week.

    “Our US oil data bull-bear index registers -96.7, only slightly better than the extreme -100 reading of two weeks ago,” the bank said. “The four-week average of the index is -79.4, taking it far below the five-year range.” There hasn’t been such a negative four-week run since 2008, the bank said. In other words, oil market fundamentals are heading in a really bearish direction, and the last time things looked this bad was during the financial crisis.

    The flip side is that the US economy is not spiraling out of control in the way that it was after the collapse of Lehman Brothers. So, it’s possible that oil prices “have overshot to the downside,” Standard Chartered noted. “We think oil prices are now around USD 10 per barrel (bbl) too low on a fundamental basis, unless a specific data point is believed to be a leading indicator rather than a temporary blip,” Standard Chartered analysts said in a separate report on Tuesday.

    Still, demand is starting to weaken. Standard Chartered notes that weakness is mostly confined to distillates (i.e., weaker activity in manufacturing and agriculture), with consumption in May dropping 9 percent, year-on-year. While gasoline demand has held up, it is still off 1.7 percent from a year ago.

    A Wall Street Journal survey of 10 investment banks finds an average Brent forecast of $70 per barrel for the year. Brent is now in the low-$60s, so major analysts are largely shrugging off the current tailspin and believe that crude will rebound. They are looking past the possibility of an economic downturn and instead are focusing on tightening supply conditions due to declines in Venezuela, Iran, potentially Libya and temporary outages from Russia. “I’m still happy with our forecasts,” Warren Patterson, senior commodities strategist at ING, told the WSJ. “The selloff we’ve seen has been purely driven by macroeconomic and trade concerns, and if we look at the fundamental picture, we see oil supply continuing to tighten.”

    But it isn’t as if economic concerns have no effect on the fundamentals. Obviously, an economic downturn would undercut demand, leading to a supply/demand mismatch. The pending US tariffs on Mexico, should they go forward, would almost certainly deepen the gloom. Bank of America Merrill Lynch admitted as much. “Fears of an escalating trade war, particularly following last Thursday evening news regarding new US tariffs on Mexico, have shattered confidence. Manufacturing PMIs could deteriorate further in the months ahead, derailing our $70/bbl average oil price projection for 2019,” the bank said.

    The supply picture, while currently tight, could also flip from a bullish outlook to a bearish one. US shale is expected to continue to grow, despite low oil prices and financial stress in the sector. “Well-publicized Wall Street demands that light tight oil producers rein in their spending have fueled expectations that supply growth would soon slow down,” data-tracking firm Kayrros said. Those concerns are “inflated,” and “budget discipline does not necessarily come at the cost of production growth,” Kayrros said. The firm noted that while the rig count is down, well completion data – which more reliably tracks production growth – “bounced back with a vengeance in Q1 2019” after a soft fourth quarter.

    Rystad Energy also sees strong production growth ahead, despite poor financials. The Norwegian consultancy revised up its forecast for US production to end the year at 13.4 million barrels per day. “Our US supply projections have been revised up yet again. US oil production is already higher than many in the market believe,” says Bjørnar Tonhaugen, Head of Oil Market Research at Rystad Energy.

    If US oil production continues to grow even as oil prices slide, that will make a rebound for Brent and WTI all the more difficult.

     

    © Getty Images / KTSDESIGN/SCIENCE PHOTO LIBRARY

     

    https://quantsalus.com/about


    09.06.2019 | Zeux the Worlds First Crypto Mobile-Payment and Investment App




    Crypto adoption for the masses still seems like a distant future but one London-based fintech believes it has the answer to stand out from other competitors in the industry. Zeux has managed to address a real pain-point for everyday crypto users, providing full capabilities to simplify financial services, provide fast and easy crypto payments and investment returns – all in one app. Offering the best crypto returns on the market Zeux gives its customers the ability to access the best traditional and digital investment opportunities, getting competitive returns, while being able to manage all their financial accounts with ease. Zeux currently offers 6% deposit interest rate for customers’ crypto deposits in both BTC and USDT with no fixed term, so customers can take their money out at anytime. What’s more, the product will be available for everyone around the world. Giving growth to your crypto while it gains in value.     Fast and Easy Crypto Payments Zeux has also revolutionised crypto payments for everyone. Rather than wait years for merchants to accept cryptocurrency, Zeux has put the consumer at the heart of its product and operations, and created a solution to allow them to pay with crypto in all stores that accept Apple Pay or Samsung Pay – and in just one click. They have simplified the concept to allow customers to spend their cryptocurrencies like they would any traditional currency. Recently they have announced multiple Chain partnerships which means apart from Bitcoin, Ethereum and USDT, you can use Qtum, VeChain, Bitcoin SV, NEO, NEM and IOTA to pay in stores.   This is great news because as the value of crypto is on the rise, it allows customers to take advantage, at any given moment, to make real-world purchases from their gains. A real game changer. Zeux has also signed with Coinbase, a crypto trading venue currently valued at $8 billion that generated $1.3 billion in revenue in 2018. This collaboration is a significant upgrade as Coinbase will function as a crypto-fiat gateway for Zeux’s crypto payments. What’s more, Zeux charges no fees for payments, crypto-conversion or transfers giving maximum benefits for the consumer. Zeux provides innovation to multiple everyday issues and with this new found accessibility, a surge in the mass adoption of cryptocurrency is looking highly likely. About Zeux Zeux has just completed the presale of their token ZeuxCoin (ZUC) at the end of May, which gives holders cashback on crypto payments and reduced investment transaction fees, which raised 5000 ETH in less than 2 full days. Their token sale is live now on their website from 7 June – 5 July 2019.     https://quantsalus.com/faq...

    Crypto adoption for the masses still seems like a distant future but one London-based fintech believes it has the answer to stand out from other competitors in the industry. Zeux has managed to address a real pain-point for everyday crypto users, providing full capabilities to simplify financial services, provide fast and easy crypto payments and investment returns – all in one app.

    Offering the best crypto returns on the market

    Zeux gives its customers the ability to access the best traditional and digital investment opportunities, getting competitive returns, while being able to manage all their financial accounts with ease.

    Zeux currently offers 6% deposit interest rate for customers’ crypto deposits in both BTC and USDT with no fixed term, so customers can take their money out at anytime. What’s more, the product will be available for everyone around the world. Giving growth to your crypto while it gains in value.    

    Fast and Easy Crypto Payments

    Zeux has also revolutionised crypto payments for everyone. Rather than wait years for merchants to accept cryptocurrency, Zeux has put the consumer at the heart of its product and operations, and created a solution to allow them to pay with crypto in all stores that accept Apple Pay or Samsung Pay – and in just one click.

    They have simplified the concept to allow customers to spend their cryptocurrencies like they would any traditional currency. Recently they have announced multiple Chain partnerships which means apart from Bitcoin, Ethereum and USDT, you can use Qtum, VeChain, Bitcoin SV, NEO, NEM and IOTA to pay in stores.  

    This is great news because as the value of crypto is on the rise, it allows customers to take advantage, at any given moment, to make real-world purchases from their gains. A real game changer.

    Zeux has also signed with Coinbase, a crypto trading venue currently valued at $8 billion that generated $1.3 billion in revenue in 2018. This collaboration is a significant upgrade as Coinbase will function as a crypto-fiat gateway for Zeux’s crypto payments.

    What’s more, Zeux charges no fees for payments, crypto-conversion or transfers giving maximum benefits for the consumer.

    Zeux provides innovation to multiple everyday issues and with this new found accessibility, a surge in the mass adoption of cryptocurrency is looking highly likely.

    About Zeux

    Zeux has just completed the presale of their token ZeuxCoin (ZUC) at the end of May, which gives holders cashback on crypto payments and reduced investment transaction fees, which raised 5000 ETH in less than 2 full days. Their token sale is live now on their website from 7 June – 5 July 2019.

     

     

    https://quantsalus.com/faq


    09.06.2019 | Boston Dynamics Will Commercialize its Robot Dog Spot This Year




    Boston Dynamics has become somewhat of a household name over the past few years. This is primarily due to the company’s advancements in the world of robotics. Numerous videos of its products and changes have put a smile on faces. It now appears the company is looking to commercialize one of these creations, as Spot is ready for mainstream adoption. Commercialized Robots are Coming While not everyone has high hopes or expectations for commercial robots, Boston Dynamics has a very different opinion regarding this matter. The company has built up a very interesting reputation regarding its robotics research and development. However, there was never a real indication any of these units would be commercialized this soon. Spot, its robot “dog”, is the first unit to undergo rigorous testing. To put this in perspective, Spot is undergoing some proof-of-concept testing. The potential use cases range anywhere from delivering packages or surveying work and anything else in between. Depending on how this trial goes, the unit may go on sale as early as late 2019. A price point has not been announced as of yet. There are still a lot of questions regarding the commercialized version of this robot. It will seemingly maintain all of the functions one would expect, albeit no one has ever seen the unit perform other than the few “tricks” which have been recorded on video so far. It is a very different matter to supervise workers or deliver packages, as those require a completely different approach. Additionally, Boston Dynamics confirms Spot can work as an autonomous unit. At the same time, these new “tasks” might require human supervision. It will be interesting to see how the company decides to tackle that particular aspect. There is also the risk of units malfunctioning, which is somewhat to be expected when it comes to new technological ventures. An interesting future awaits in this regard. According to sources close to the matter, Boston Dynamics wants to sell Spot as a mobility platform which accommodates a wide range of customization. There are a lot of potential opportunities abound, although it will primarily depend on how versatile these units prove to be. It will take a lot of time and effort until either humans or animals feel comfortable interacting with such a robot on a regular basis, albeit these are important first steps waiting to be taken. Unlike what most people may assume, the Spot unit is more than capable of demonstrating emotions such as frustrations and stubbornness. Those features can make this unit even more appealing to the right buyers. It seems unlikely these units will replace human workers in the future, albeit it may be a small step toward achieving that goal. Producing more of these units will be a big hurdle to overcome for Boston Dynamics, as just four dozen Spot models exist today.   Image(s): Shutterstock.com   https://quantsalus.com/rules/...

    Boston Dynamics has become somewhat of a household name over the past few years. This is primarily due to the company’s advancements in the world of robotics. Numerous videos of its products and changes have put a smile on faces. It now appears the company is looking to commercialize one of these creations, as Spot is ready for mainstream adoption.

    Commercialized Robots are Coming

    While not everyone has high hopes or expectations for commercial robots, Boston Dynamics has a very different opinion regarding this matter. The company has built up a very interesting reputation regarding its robotics research and development. However, there was never a real indication any of these units would be commercialized this soon. Spot, its robot “dog”, is the first unit to undergo rigorous testing.

    To put this in perspective, Spot is undergoing some proof-of-concept testing. The potential use cases range anywhere from delivering packages or surveying work and anything else in between. Depending on how this trial goes, the unit may go on sale as early as late 2019. A price point has not been announced as of yet.

    There are still a lot of questions regarding the commercialized version of this robot. It will seemingly maintain all of the functions one would expect, albeit no one has ever seen the unit perform other than the few “tricks” which have been recorded on video so far. It is a very different matter to supervise workers or deliver packages, as those require a completely different approach.

    Additionally, Boston Dynamics confirms Spot can work as an autonomous unit. At the same time, these new “tasks” might require human supervision. It will be interesting to see how the company decides to tackle that particular aspect. There is also the risk of units malfunctioning, which is somewhat to be expected when it comes to new technological ventures. An interesting future awaits in this regard.

    According to sources close to the matter, Boston Dynamics wants to sell Spot as a mobility platform which accommodates a wide range of customization. There are a lot of potential opportunities abound, although it will primarily depend on how versatile these units prove to be. It will take a lot of time and effort until either humans or animals feel comfortable interacting with such a robot on a regular basis, albeit these are important first steps waiting to be taken.

    Unlike what most people may assume, the Spot unit is more than capable of demonstrating emotions such as frustrations and stubbornness. Those features can make this unit even more appealing to the right buyers. It seems unlikely these units will replace human workers in the future, albeit it may be a small step toward achieving that goal. Producing more of these units will be a big hurdle to overcome for Boston Dynamics, as just four dozen Spot models exist today.

     

    Image(s): Shutterstock.com

     

    https://quantsalus.com/rules/


    09.06.2019 | How a $19m iPhone Fraud Ring Eventually met its Demise




      In these trying financial times, a lot of consumers are looking for any way to make extra money. While most of these efforts are absolutely genuine, a ring of fraudsters in New York had entirely different ideas. They managed to successfully steal $19m worth of Apple iPhones. A very elaborate ploy which allowed them to remain in operation for seven years. The Massive iPhone Fraud Scheme Whereas some people would assume this group of fraudsters sold counterfeit iPhones, the truth is very different. More specifically, they effectively posed as genuine customers despite having fake IDs on them and debit cards which are not theirs. By actively posing as a customer looking to upgrade their phone, they tricked Apple Store employees into letting them buy new phones. At first glance, the phones would be paid for in monthly installments. The unsuspecting customer would notice these charges and force a chargeback and complaint. By that time, the fraudsters already owned the device and get away without too many problems. It is a very interesting scheme which allowed the criminals to defraud Apple for several years. What makes this effort even more intriguing is how widespread the fraud turned out to be. One might expect a few local shops would be targeted over and over again. In reality, however, the fraudsters obtained iPhones in 34 different US states. While details regarding the number of “stolen” phones remain unclear at this time, it is evident they managed to obtain quite a large stock of devices over the years. To make the most of these fraudulent phones, the fraud ring sold the devices at slowly lower prices. All of the buying of phones was done by the “lower tier” of the group, as they had to take on multiple trips over the years. All of those “business trips” were funded with the proceeds from the illicit iPhone sales. All of the stolen identities and associated paperwork was seemingly obtained through hacking and darknet-based purchases. Although this fraud ring was very successful for quite some time, it all came to an end in 2014. The vast number of packages sent through an overnight shipping company raised suspicion. Moreover, they were all sent to two addresses, which made the company investigate these matters even further. Once a few packages were opened, it quickly became apparent things were not adding up. At this time, a total of six fraud ring participants have been charged. It seems unlikely those are all of the people involved, as this elaborate scheme required a ton of work to set up. As such, it is not unlikely further arrests will be made in the coming months and years. While one would think Apple would have a thing to say about these things, the company has remained tightlipped about these proceedings.   Image(s): Shutterstock.com   https://quantsalus.com/faq/...

     

    In these trying financial times, a lot of consumers are looking for any way to make extra money. While most of these efforts are absolutely genuine, a ring of fraudsters in New York had entirely different ideas. They managed to successfully steal $19m worth of Apple iPhones. A very elaborate ploy which allowed them to remain in operation for seven years.

    The Massive iPhone Fraud Scheme

    Whereas some people would assume this group of fraudsters sold counterfeit iPhones, the truth is very different. More specifically, they effectively posed as genuine customers despite having fake IDs on them and debit cards which are not theirs. By actively posing as a customer looking to upgrade their phone, they tricked Apple Store employees into letting them buy new phones.

    At first glance, the phones would be paid for in monthly installments. The unsuspecting customer would notice these charges and force a chargeback and complaint. By that time, the fraudsters already owned the device and get away without too many problems. It is a very interesting scheme which allowed the criminals to defraud Apple for several years.

    What makes this effort even more intriguing is how widespread the fraud turned out to be. One might expect a few local shops would be targeted over and over again. In reality, however, the fraudsters obtained iPhones in 34 different US states. While details regarding the number of “stolen” phones remain unclear at this time, it is evident they managed to obtain quite a large stock of devices over the years.

    To make the most of these fraudulent phones, the fraud ring sold the devices at slowly lower prices. All of the buying of phones was done by the “lower tier” of the group, as they had to take on multiple trips over the years. All of those “business trips” were funded with the proceeds from the illicit iPhone sales. All of the stolen identities and associated paperwork was seemingly obtained through hacking and darknet-based purchases.

    Although this fraud ring was very successful for quite some time, it all came to an end in 2014. The vast number of packages sent through an overnight shipping company raised suspicion. Moreover, they were all sent to two addresses, which made the company investigate these matters even further. Once a few packages were opened, it quickly became apparent things were not adding up.

    At this time, a total of six fraud ring participants have been charged. It seems unlikely those are all of the people involved, as this elaborate scheme required a ton of work to set up. As such, it is not unlikely further arrests will be made in the coming months and years. While one would think Apple would have a thing to say about these things, the company has remained tightlipped about these proceedings.

     

    Image(s): Shutterstock.com

     

    https://quantsalus.com/faq/


    09.06.2019 | The New Tesla Roadster Will Be The Fastest Car Ever Made




    There has been massive hype surrounding the brand new Tesla Roadster that is set to launch in 2020. With a price tag of over $200,000 there will be a “SpaceX” version which will include two SpaceX thrusters in place of the two rear seats in the vehicle. In an interview with Ride The Lighting, Musk stated that the cold air thrusters will be able to generate 3Gs of force. With that kind of power, the Tesla Roadster has a 0-60 time of 1.9 second, faster than any street legal car at the time of the announcement back in 2017. To add more insanity to the already unbelievable car, Musk alluded that the new Tesla roadster could hover like a DeLorean. Yes, you hear it correctly. With the addition of the thrusters, technically the car could hover. While the above tweet could simply be a joke, it’s not something that would be impossible with the new model. If the above specs weren’t enough, the 2020 Roadster boasts a top speed of over 250+ mph with a 620 mile highway range – absolutely ridiculous! To put things in perspective, a 2016 Koenigsegg Agera RS that is considerably one of the fastest cars around has a 0-60 time of 2.6 seconds and a price tag starting at $2 million. Elon Musk is effectively disrupting the exotic car industry with the new model as the new Tesla Roadster costs 1/10th the price of a Koenigsegg with almost half the 0-60 time. We will end this article by mentioning the Roadster’s torque which is said to be at over 7,000 lb-ft. Again, to put this in perspective a brand new Lamborghini Aventador has 500 lb-ft of torque and a Bugatti Veyron 16.4 Super Sport has 1,016 lb-ft of torque. The new Tesla will definitely send shivers down the spines of exotic car manufacturers who will have to either catch up with the new specs or adjust their prices accordingly. After all, whether you like it or hate it if you are a speed junkie and have $200k to blow, the 2020 Tesla Roadster is the most logical choice. As of right now you can reserve your own Tesla Roadster which should start shipping in 2020. However, don’t be surprised if production is delayed as Musk isn’t overly concerned about meeting deadlines.   Image(s): Shutterstock.com   https://quantsalus.com/rules/...

    There has been massive hype surrounding the brand new Tesla Roadster that is set to launch in 2020. With a price tag of over $200,000 there will be a “SpaceX” version which will include two SpaceX thrusters in place of the two rear seats in the vehicle. In an interview with Ride The Lighting, Musk stated that the cold air thrusters will be able to generate 3Gs of force. With that kind of power, the Tesla Roadster has a 0-60 time of 1.9 second, faster than any street legal car at the time of the announcement back in 2017.

    To add more insanity to the already unbelievable car, Musk alluded that the new Tesla roadster could hover like a DeLorean. Yes, you hear it correctly. With the addition of the thrusters, technically the car could hover.

    While the above tweet could simply be a joke, it’s not something that would be impossible with the new model. If the above specs weren’t enough, the 2020 Roadster boasts a top speed of over 250+ mph with a 620 mile highway range – absolutely ridiculous!

    To put things in perspective, a 2016 Koenigsegg Agera RS that is considerably one of the fastest cars around has a 0-60 time of 2.6 seconds and a price tag starting at $2 million. Elon Musk is effectively disrupting the exotic car industry with the new model as the new Tesla Roadster costs 1/10th the price of a Koenigsegg with almost half the 0-60 time.

    We will end this article by mentioning the Roadster’s torque which is said to be at over 7,000 lb-ft. Again, to put this in perspective a brand new Lamborghini Aventador has 500 lb-ft of torque and a Bugatti Veyron 16.4 Super Sport has 1,016 lb-ft of torque.

    The new Tesla will definitely send shivers down the spines of exotic car manufacturers who will have to either catch up with the new specs or adjust their prices accordingly. After all, whether you like it or hate it if you are a speed junkie and have $200k to blow, the 2020 Tesla Roadster is the most logical choice.

    As of right now you can reserve your own Tesla Roadster which should start shipping in 2020. However, don’t be surprised if production is delayed as Musk isn’t overly concerned about meeting deadlines.

     

    Image(s): Shutterstock.com

     

    https://quantsalus.com/rules/


    09.06.2019 | CLAM Market Crash Costs Poloniexs Bitcoin Lenders 16.202% of Their Balance




    Margin lending is a very risky business, regardless of which industry it is performed in. As far as cryptocurrency margin lending is concerned, things are bound to get interesting, albeit not always for the right reasons. Users who had active margin loans on Poloniex a while ago will see a 16.2% haircut. The reason is simple: the CLAM market collapsed for no real reason. Blame CLAM for Major Losses As explained by the Poloniex team on their blog, a very odd market trend affected CLAM. For those who are not familiar with this project, it is a token which was airdropped to Bitcoin holders quite some time ago. It is also one of the few currencies with active margin lending support on Poloniex, at least at that time. The popularity of this market should never be underestimated, as odd as that might sound. On May 26, it seems the CLAM market simply collapsed in rapid fashion. While bear trends in the altcoin sector are nothing new under the sun, this downward spike had a negative side effect. It caused a lot of margin loans to default  As such, nearly 1,800 Bitcoin worth of margin lending funds have been ‘lost” due to this market incident. A very steep loss which will have to be compensated in one way or another. That is, as usual, much easier said than done. The Poloniex BTC Margin Lending Pool It has to be said, there is a lot more going on behind the scenes. Poloniex keeps a common BTC margin lending pool which is spread out across all different markets. As such, if a major market loss were to affect one of those markets – even if it is not Bitcoin itself – all users will have to pay the price for making up the difference. It is a very harsh and unpopular decision by the company, albeit margin lenders should always be aware of the risks they engage in. Because the CLAM market was not too liquid at the time, the automatic liquidations of margin positions were not triggered as normal. Additionally, a vast chunk of the lending pool was collateralized in CLAM, creating a double dip for borrowers. This also means some of Poloniex’ borrowers could never repay their loans, as their remaining balance would be vastly insufficient. The discrepancy creates a problem for everyone, in the eyes of the company. The 16.202% Haircut for Everyone Rather than addressing this loss with their own funds, Poloniex – owned by Circle – took an entirely different approach. As of yesterday, all active BTC loans were reduced by 16.202% accordingly. Everyone who defaulted on their loan had their account frozen. This position will not change until the user repays the outstanding loan. How they are supposed to do that, or whether Poloniex will effectively enforce this, is a different matter altogether. Granted, overcoming a 1,800 Bitcoin deficit is not an easy feat for any exchange or trading platform. Poloniex is no longer the popular platform it was a few years ago, albeit that should not serve as an excuse. While the company claims just 0.4% of all users are impacted by this decision, it is a decision which will undoubtedly create plenty of controversy moving forward. Having one’s balance reduced automatically for something that isn’t one’s own fault is very controversial, for obvious reasons. Taking the Necessary Countermeasures It is always interesting to see how exchanges decide to move on from these types of incidents. In the case of Poloniex, the current plan of action is to “pursue the defaulted borrowers and ensure they repay the loans”. Those recovered funds will then be used to repay affected lenders. A viable proposal which might prove a lot more difficult to put into action. After all,  cryptocurrencies are a very different matter when it comes to incidents like these. Additionally, it seems Poloniex will effectively remove four margin trading markets. That includes CLAM, but also BitShares, Factom, and Maidsafe. Additionally, margin markets will be put under extra risk surveillance to automatically disable trading if needed. While both of these efforts are commendable, one could also wonder why additional measures were not taken in advance. After all, it was seemingly a matter of time until something along these lines took place. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.   Image(s): Shutterstock.com   https://quantsalus.com/about/...

    Margin lending is a very risky business, regardless of which industry it is performed in. As far as cryptocurrency margin lending is concerned, things are bound to get interesting, albeit not always for the right reasons. Users who had active margin loans on Poloniex a while ago will see a 16.2% haircut. The reason is simple: the CLAM market collapsed for no real reason.

    Blame CLAM for Major Losses

    As explained by the Poloniex team on their blog, a very odd market trend affected CLAM. For those who are not familiar with this project, it is a token which was airdropped to Bitcoin holders quite some time ago. It is also one of the few currencies with active margin lending support on Poloniex, at least at that time. The popularity of this market should never be underestimated, as odd as that might sound.

    On May 26, it seems the CLAM market simply collapsed in rapid fashion. While bear trends in the altcoin sector are nothing new under the sun, this downward spike had a negative side effect. It caused a lot of margin loans to default  As such, nearly 1,800 Bitcoin worth of margin lending funds have been ‘lost” due to this market incident. A very steep loss which will have to be compensated in one way or another. That is, as usual, much easier said than done.

    The Poloniex BTC Margin Lending Pool

    It has to be said, there is a lot more going on behind the scenes. Poloniex keeps a common BTC margin lending pool which is spread out across all different markets. As such, if a major market loss were to affect one of those markets – even if it is not Bitcoin itself – all users will have to pay the price for making up the difference. It is a very harsh and unpopular decision by the company, albeit margin lenders should always be aware of the risks they engage in.

    Because the CLAM market was not too liquid at the time, the automatic liquidations of margin positions were not triggered as normal. Additionally, a vast chunk of the lending pool was collateralized in CLAM, creating a double dip for borrowers. This also means some of Poloniex’ borrowers could never repay their loans, as their remaining balance would be vastly insufficient. The discrepancy creates a problem for everyone, in the eyes of the company.

    The 16.202% Haircut for Everyone

    Rather than addressing this loss with their own funds, Poloniex – owned by Circle – took an entirely different approach. As of yesterday, all active BTC loans were reduced by 16.202% accordingly. Everyone who defaulted on their loan had their account frozen. This position will not change until the user repays the outstanding loan. How they are supposed to do that, or whether Poloniex will effectively enforce this, is a different matter altogether.

    Granted, overcoming a 1,800 Bitcoin deficit is not an easy feat for any exchange or trading platform. Poloniex is no longer the popular platform it was a few years ago, albeit that should not serve as an excuse. While the company claims just 0.4% of all users are impacted by this decision, it is a decision which will undoubtedly create plenty of controversy moving forward. Having one’s balance reduced automatically for something that isn’t one’s own fault is very controversial, for obvious reasons.

    Taking the Necessary Countermeasures

    It is always interesting to see how exchanges decide to move on from these types of incidents. In the case of Poloniex, the current plan of action is to “pursue the defaulted borrowers and ensure they repay the loans”. Those recovered funds will then be used to repay affected lenders. A viable proposal which might prove a lot more difficult to put into action. After all,  cryptocurrencies are a very different matter when it comes to incidents like these.

    Additionally, it seems Poloniex will effectively remove four margin trading markets. That includes CLAM, but also BitShares, Factom, and Maidsafe. Additionally, margin markets will be put under extra risk surveillance to automatically disable trading if needed. While both of these efforts are commendable, one could also wonder why additional measures were not taken in advance. After all, it was seemingly a matter of time until something along these lines took place.


    Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.

     

    Image(s): Shutterstock.com

     

    https://quantsalus.com/about/


    01.06.2019 | XRP Price Prediction And Analysis For May 31st XRP Still Falling




    The XRP is still under pressure on May 31, trading at around $0.4180. On H4, technically, the crypto is both flat and uptrending. The price is currently testing the ascending channel support, and in case it bounces off, the XRP will be able to reach $0.5800. Conversely, if the support at $0.4000 gets broken out, the crypto may get down to the major support at $0.2855. The MACD is signaling a flat movement, meanwhile. On H1, the Stochastic diverged, and the price fell to a stronger support, probably headed now to $0.4500, as a pullback. Ripple Labs managed to sell tokens at $169M in Q1 2019, according to the report, which is +31% compared to Q1 2018. The trading turnover, however, decreased by 2%, being at $53.85B. Direct sales got drastically boosted, from $40.15M to $61.90M. Indirect sales reached $107.49M. The report is overall quite positive. Meanwhile, rumor has it large institutional investors are influencing the crypto market this spring. Travis Kling, the CEO of Ikigai hedge fund, says the Bitcoin rally (the one that made other cryptos rise) might well be a result of a few large players having made their moves. At the same time, Kling agrees that the US Fed might have also supported the Bitcoin, with its more dovish monetary policy. Disclaimer Any predictions contained herein are based on the authors’ particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held Company for the results of the trades arising from relying upon trading recommendations and reviews contained herein.  

    The XRP is still under pressure on May 31, trading at around $0.4180.

    On H4, technically, the crypto is both flat and uptrending. The price is currently testing the ascending channel support, and in case it bounces off, the XRP will be able to reach $0.5800. Conversely, if the support at $0.4000 gets broken out, the crypto may get down to the major support at $0.2855. The MACD is signaling a flat movement, meanwhile.

    On H1, the Stochastic diverged, and the price fell to a stronger support, probably headed now to $0.4500, as a pullback.

    Ripple Labs managed to sell tokens at $169M in Q1 2019, according to the report, which is +31% compared to Q1 2018. The trading turnover, however, decreased by 2%, being at $53.85B.

    Direct sales got drastically boosted, from $40.15M to $61.90M. Indirect sales reached $107.49M. The report is overall quite positive.

    Meanwhile, rumor has it large institutional investors are influencing the crypto market this spring. Travis Kling, the CEO of Ikigai hedge fund, says the Bitcoin rally (the one that made other cryptos rise) might well be a result of a few large players having made their moves. At the same time, Kling agrees that the US Fed might have also supported the Bitcoin, with its more dovish monetary policy.

    Disclaimer

    Any predictions contained herein are based on the authors’ particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held Company for the results of the trades arising from relying upon trading recommendations and reviews contained herein.

     

    Pages: 3 4 [5] | 6 | 7