CreditBit Explains Executive Board (EB) and Elected Commons (EC) in the Latest Update

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The Creditbit development team is consistent with its updates for the community on Bitcoin Talk. The latest update, DAO (Part II.), elaborates upon the Executive Board (EB) and the Elected Commons (EC).

Executive Board (EB) is the Trust Level with highest powers and privileges. It consists of five addresses with different owners, who disclose some of their identity. EB has regular meetings and can establish new voting and execute some Smart contracts.

It is important for the Executive Board (EB) candidates to disclose their Identity in order to ensure that all 5 addresses belong to different persons.

The EB mandate lasts for six months and the election process is automatically triggered and announced a month before the expiry (candidacy procedure).

EB have regular meetings, conclusions are public and posted on the media. It approves decisions with minimum 3 of 5 (approving) votes for the proposal.

The main task of EB is to create proposals and trigger a voting process. It also manages Development Support Fund and represents CreditBit to the public and media. It is expected for members of EB to actively participate in a process of development as Product Owners, giving developers clear view on priorities of developing

While, Elected Commons (EC) is an entity of 30 elected addresses, that have a power to elect EB, prepare proposals for voting and tasks for Development Support Fund.

There is no obligation for the Elected Commons (EC) candidates to disclose their identity, but Creditbit supports the idea that each candidate should show a lot of Trust and support to the Community, with things like posting on forum, giving innovative and feasible suggestions, promoting token on Crypto Conferences etc.

Just like in the case of EB, EC mandate lasts for six months.

EC produces new ideas, prepare draft proposals, drive marketing and promoting activities, review and test new applications etc.

Each 14 days they appoint a Facilitator, an EC member who moderates and guides activities. Members work in groups on the projects, which are assigned to them from EB. They also manage Promotional Fund.

How to Succeed in Forex Trade

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Forex markets are the most traded markets in the world, and for good reasons. Forex trading offers several advantages, not available with other trades. It offers both high liquidity and high leverage, allowing optimal use of available capital. Unlike most other marketers, forex markets operate on a 24-hour basis, across the globe. Moreover, forex trades are over-the-counter, rather than through any centralised exchange, offering investors the ability to respond to any situation, and make trades, in real-time.

The financial figures, charts, and ratios notwithstanding, all markets are dependent on external factors outside anyone’s control, and forex markets are more so, considering events anywhere in the world can have a bearing on forex movements in a big way. However, it is still possible to succeed in forex trading by adopting a methodological approach, adopting patience, restraint, and discipline. Investors who apply common-sense and adopt basic precautions can expect rich rewards from forex markets.

Have a Clear Trading Strategy

Have a specific goal in mind, and select a trading style or strategy suitable for such goals. The key consideration with regards to trading strategy is the risk appetite. Different risk profile requires different approaches. For instance, long term forex trades tends to be relatively more stable and carry lesser risks, but would also mean relatively low returns, and lock up funds for a long period of time.

Understand What Influences the Forex Markets

The basic preparation before starting any trade is understanding the nature of the trade, and the variables influencing the movement of prices.

Foreign exchange trading entails taking advantage of rate fluctuations between currency pairs. There is an almost infinite number of currency pairs to trade, with the most popular pairs being USD/GBP, USD/Euro, and others. Emerging market currencies may be more volatile, and hence offer a higher risk-reward conundrum.

Currency rates are never static. It keeps on moving, depending on political, social, and economic developments related to the country, and also across the globe. Success depends on knowing when to enter and when to exit the trade. While this may seem a gamble, understanding the underlying trends enables making informed decisions. While prices may move irrationally in the short term, owing to speculative activities, fundamentals always drive the price trend in the long run.

Be Alert and Proactive

While it is foolhardy to time the market, a serious trader should always be on the lookout to seize the moment, when there is scope to make rich gains. For instance, an unexpected political shock may send the currency price reeling on panic selling, making it a good time to pick up the currency at a discounted rate, before the currency regains much of its lost value, after the panic subsides, and fundamentals regain ground.

Again, while past performance is no indicator of future trends, analysing historic trends does offer rich insights, and can constitute a basis for predicting the price levels, if everything else remains the same.

The underlying secret of success is flexibility. Never remain adamant on any trading position, and always be ready to adapt trading strategies to suit changes in market condition.

Risks are inherent to any trade, and forex trade is no different. The best way to safeguard against unexpected price trends is to set limits as to the maximum risk. For instance, setting a stop-loss when the loss exceeds a certain threshold helps to limit the loss, and protect the capital. A serious investor will not shy away from a loss, which is as certain as the night following the day, considering price movement depend on many variables that are totally unpredictable, and outside anyone’s control. Success depends on ensuring the gains far exceed the losses.

Opt for a Good Broker

Opt for a reputed broker who offers an appropriate trading platform, suitable to the trading strategy and risk appetite, and also assist in the trade. Brokers such as CMC Markets offer a wide range of products, extending to various forex calls, and suiting various risk appetites. Such brokers also offer insightful analysis, done by experts who have a wealth of experience and access to real-time trends. Opting for a broker who offers an online trading platform makes executing trades very easy and convenient

 

 

Why Sugarmade Inc (OTCMKTS:SGMD) Shares Tumbled Last Week

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Sugarmade Inc (OTCMKTS:SGMD) shares slipped 16.62% to $0.140 and an additional 8.54% in after-hours trading to $0.128. The company has a market cap of $35.31 million at 203.23 million shares outstanding. Share prices have been trading in a 52-week range of $0.02 to $0.42.

In a press release last week, Sugarmade Inc announced the completion of an agreement allowing them to introduce a new and revolutionary set of intelligent and active packaging systems for cannabis transport and storage. These will enable cultivators and retailers to preserve THC levels, protect trichomes and save terpenes while at the same time mitigate pathogen levels.

“We plan to lead the market in advanced transport and storage for the fast growing cannabis industry,” commented Jimmy Chan, CEO of Sugarmade Inc. “Currently, cannabis flowers have a very short shelf life.  The trichomes that protect the cannabinoids, terpenoids and flavonoids are extremely sensitive to handling, atmosphere gases, humidity and light. Current methods of transport and storage are very unfriendly to trichome preservation, resulting in millions of dollars in lost profits for cultivators and retailers and reduced enjoyment by consumers. Our aim is to lead the market in fixing these problems for the fast growing cannabis marketplace.”

In line with this, Sugarmade Inc will utilize patent-protected technologies to offer transport and storage containers that will actively create the ultimate protective environment within transport and storage containers. Its licensor partner Cannabis Active Packaging Inc is currently in the applications development process for prototypes that will be used for testing in the laboratory environment.

Sugarmade Inc is a company that is engaged in the supply of products to the quick service restaurant sub-sector of the restaurant industry. It is also a distributor of paper products derived from non-wood sources.

As of June 30, 2015, the Company’s operating unit, CarryOutSupplies.com, which is a producer and wholesaler of custom printed and generic takeout supplies served more than 3,000 quick service restaurants. It conducts its operations in an industry segment, including paper and paper-based products, such as paper cups, cup lids, food containers and others. Its products also include double poly paper cups for cold beverage, yogurt cups, ice cream cups, soup containers and plastic spoons. It is a manufacturer and distributor of tree free copy and printer paper products, made from sugarcane waste  and bamboo for home and office environments under the Sugarmade brand name. It has also acquired a minority stake in various patents and products for seasoning and spices for food items.

Elliott Wave Analysis: USDCHF Showing Signs Of A Completed Correction; More Upside In View

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USDCHF was in a strong uptrend in the last few months of 2016, so recent sideways price move since mid-December was just another correction or pause within uptrend. We saw it as wave 4) that has unfolded as a complex correction, with sub-wave C being an ending diagonal. As such, recent turn up from January 31 low can be start of a new uptrend. If we are on the right side, then be aware of a next strong reaction higher, ideally into a third wave.

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USDCHF, 4H

Marijuana State Legislation to Boost Hemp Inc (OTCMKTS:HEMP) Shares Soon

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Hemp Inc (OTCMKTS:HEMP) shares were down 7.46% to $0.0378 on Friday and an additional 0.61% in after-hours trading. The company has a market cap of $11.23 million at 754.03 million shares outstanding. Share prices have been trading in a 52-week range of $0.00 to $0.07.

Over the weekend, Hemp Inc shared that South Dakota may also join the ranks of states to legalize industrial hemp, along with the likes of Arizona, New Mexico, Alaska, and Wisconsin.

“With the succession of states legalizing or on track for legalizing industrial hemp, the industrial hemp industry in America is rapidly reaching a tipping point. Hemp, Inc. forecasted this tipping point years ago and started developing the solid infrastructure for what we have in place today. That infrastructure includes our commercial multi-purchase industrial hemp processing facility in North Carolina, industrial hemp farming in North Carolina, Nevada, Arizona (and more states soon), marketing systems to market in the U.S. and globally, and an educational component. This has put us at the forefront of this multibillion dollar emerging industry as a leader while we continue to collectively build a new clean green agricultural and industrial American Revolution,” remarked Hemp Inc CEO Bruce Perlowin.

“Industrial hemp has absolutely no recreational applications. It only has medical and industrial applications. Sorry, you can’t get high on hemp. If there is any federal pushback against recreational marijuana, this would not affect industrial hemp or Hemp, Inc.,” he continued.

According to South Dakota State Legislature, House Bill 1204 would allow the production and sale of industrial hemp for commercial purposes, thereby setting forth the foundation to end federal prohibition in practice. This was introduced by the Committee on State Affairs this month and it passed the house with a 51-16 vote before moving to the Senate house for the first read.

In Wisconsin, Representative Jesse Kremer issued a statement saying that the 59th Assembly District has a rich history of agricultural hemp production in the first half of the 20th century and processed industrial hemp in Hartford for the war department and that the future looks bright for the commodity. The lawmaker has been meeting with various state agencies and farm groups to provide growers an opportunity to grow the crop for profit.

Hemp Inc is a company that is focused on industrial hemp industry and on various green sustainable products that industrial hemp offers to the world. The company, through its subsidiary, Industrial Hemp Manufacturing, LLC, produces lost circulation material (LCM) and spill absorbents for the oil and gas industries and focuses on DrillWall and Spill-Be-Gone.

DrillWall is a non-toxic, biodegradable drilling fluid additive used in oilfield drilling applications. Spill-Be-Gone is made from the inner core particles (hurd) of kenaf and hemp plants. Spill-Be-Gone can be used for emergency oil spill cleanup. It can also be used in automotive repair shops to keep garage floors free of oil, or manufacturing plants to keep oil spills from machinery posing a danger to workers on the job. Its SpillSuck is designed for use in applications, such as auto repair garages, the decks on oil drilling platforms and manufacturing plants.

Elliott Wave Analysis: Soybeans In The House; Weakness Could Extend Towards The 1000 Region

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During the US sessions, we will take a moment and take a glance at some commodities. The first one is Soybeans. As we can see on the chart, soybeans are trading nicely lower for some time now and we believe even more weakness will show up in a couple of weeks. Looking at the chart, we could now be trading in black sub-wave 3 of three, that may be in final stages. If we are correct, then more weakness may show up from current levels as minor sub-wave iv seems completed.

We see 1002 region in view, before a three wave contra-trend move into wave 4 takes place.

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Soybeans, 1H

 

Elliott Wave Analysis: USDCHF Is Looking Higher; More Upside In View

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USDCHF was in a strong uptrend in the last few months of 2016, so recent sideways price move since mid-December was just another correction or pause within uptrend. We saw it as wave 4) that has unfolded as a complex correction, with sub-wave C being an ending diagonal. As such, recent turn up from January 31 low can be start of a new uptrend that may unfold in impulsive manner.
At the moment we can see a bullish rally taking place from around the 0.9966 level, which we labeled as end of wave two which suggest that price could be already trading in the following wave three. If that is the case then we could be in for more strength, ideally towards the 1.0289 region. Some minor corrections may show up in the next few sessions, but this will only be regarded as temporary.

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USDCHF, 4H

 

OncoSec Medical Inc (NASDAQ:ONCS) Shares React to Positive Phase II Data

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OncoSec Medical Inc (NASDAQ:ONCS) shares fell 6.58% to $1.42 and an additional 1.41% in after-hours trading. Share prices have been trading in a 52-week range of $1.03 to $3.49. The company has a market cap of $30.43 million at 19.73 million shares outstanding.

In a press release this week, OncoSec Medical Inc  reported new positive clinical data from a Phase II Investigator Sponsored Trial assessing the combination of its investigational intratumoral therapy, ImmunoPulse IL-12, and the approved anti-PD- 1 therapy in patients with unresectable metastatic melanoma. This trial is led by the University of California, San Francisco and is evaluating the following key endpoints: best overall response rate by Response Evaluation Criteria in Solid Tumors and immune-related Response Criteria; safety and tolerability; duration of response; 24-week landmark progression-free survival; median PFS; and overall survival.

The study indicated that ImmunoPulse IL-12 can increase response rates in patients who are not expected to respond to anti-PD-1 therapy alone. The combination therapy continued to demonstrate a favorable safety profile and was well tolerated.

“Collectively, these data suggest that intratumoral IL-12 DNA with electroporation in combination with pembrolizumab can effectively alter the tumor microenvironment by triggering adaptive resistance,” said Alain Algazi, M.D., the study’s lead investigator, and skin cancer specialist in the Melanoma Center at the UCSF Helen Diller Family Comprehensive Cancer Center. “This increases the substrate for a therapeutic PD-1/PD-L1 blockade while driving systemic anti-tumor immunity and concordant clinical responses in patients unlikely to benefit from anti-PD-1 monotherapy.”

“OncoSec’s vision to bring intratumoral gene therapies to the oncology market continues to advance with these positive, impactful data, which hold immense promise for cancer patients who are unlikely to benefit from immunotherapy,” said Punit Dhillon, OncoSec Medical Inc President and CEO. “These results provide a strong foundation for our planned Phase II registration trial, which will evaluate the combination of ImmunoPulse® IL-12 and an anti-PD-1 therapy in melanoma patients who have previously failed an approved anti-PD-1 therapy alone. We expect to initiate this study later in 2017.”

OncoSec Medical Inc is a biotechnology company that is focused on designing, developing and commercializing gene therapies, therapeutics and medical approaches to stimulate an anti-tumor immune response for the treatment of cancer.

Its lead product candidate, ImmunoPulse IL-12, consists of a plasmid construct encoding the proinflammatory cytokine, IL-12, which is delivered into the tumor through in vivo electroporation. As of July 31, 2016, the Company was pursuing two Phase II trials: ImmunoPulse IL-12 monotherapy in patients with metastatic melanoma and ImmunoPulse IL-12 plus pembrolizumab in patients with advanced, metastatic melanoma. In addition, it is pursuing ImmunoPulse IL-12 monotherapy in patients with triple negative breast cancer. Its ImmunoPulse product candidates are based on its deoxyribonucleic acid (DNA)-based immunotherapy technology, which is designed to stimulate the human immune system, resulting in systemic anti-tumor immune responses.

Why American Green Inc (OTCMKTS:ERBB) Shares Popped 20%

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American Green Inc (OTCMKTS:ERBB) shares were up 20% on Thursday to $0.00180 and flat in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.01. The company has a market cap of $21.19 million at 11.38 billion shares outstanding.

In a press release yesterday, American Green Inc announced that its proprietary verified vending system which includes the American Green Machine (AGM) or ‘The Ultimate AGM’ will make its public debut at “The One Show” in Las Vegas on April 19-21. This is the premier industry event and includes the largest manufacturers and vendors in the country.

On display will be American Green Inc’s market-leading interface is in use already, its patent-protected process created to enable the vending of controlled or age-restricted products and machines from three manufacturers side by side.

“American Green and our technology partner, PanPacific, have been working non-stop to improve this process for over four years now. The adoption of smart phones, familiarity with apps on those phones, and improvement in related vending technologies have now merged with a concept that the public could easily grasp before but are much more prepared to use now,” said David Gwyther, Chairman and acting President at American Green Inc.

“Creating a process that allows flexibility in the machine selected by clients yet permitting verified accounts to login to the machines of any companies who choose to participate will grow adoption faster and simplify use by all parties. A baseball fan could buy a beer at the game in New York and cannabis from a dispensary in California the next day through the same app utilizing their verified account. This is a huge step forward for smart retail and the automated sale of regulated products,” he concluded.

American Green Inc is a company that is engaged in the medical marijuana business. It offers a line of products spanning from cultivation to tracking inventory for growers and dispensaries for medical marijuana. It also owns all of the rights to line of health supplements under the label OneBode.

The company offers retailing, branding and commercial cultivating strategies in conjunction with its business with various licensed medical marijuana medical and retail dispensaries. It has consulted with dispensary operators in California, Colorado, Washington, Oregon and Arizona. It is focusing on providing goods and services that operators of licensed nonprofit medical marijuana dispensaries in regulated environments require and provides an array of compliance, financial, business development and management services. It is also developing a line of medical marijuana products that include custom packaging for pre-rolls, cured flower and solvent free extractions.

Global Equity International Inc (OTCMKTS:GEQU) Picking Up Steam Again

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Global Equity International Inc (OTCMKTS:GEQU) shares rose 11.58% on Thursday to $0.0179 and were unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.01 to $0.03. The company has a market cap of $6.53 million at 369.50 million shares outstanding.

Global Equity International Inc announced a newly signed consultancy agreement with Blackstone Natural Resources SA along with its fully-owned subsidiaries GEP Equity Holdings Limited and Global Equity Partners Plc. Blackstone Natural Resources SAis an upstream Exploration and Production company focused on acquiring and developing distressed Oil and Gas assets in the Americas. It has 18 blocks in three countries on contract or under evaluation covering 1.5 million acres of land with proven and probable reserves of 340+ million barrels of oil and original oil in place of 3.5+ billion barrels.

Global Equity International Inc has been mandated to assist with raising up to, but not limited to, $151,500,000 for growth, expansion and acquisition. It agreed a monthly cash retainer and also cash and equity success fees and has been granted the right of first refusal to assist with a public IPO of Blackstone when the time it right.

“We are delighted to have secured Blackstone Natural Resources (BNR) as our client given the current considerable uplift in investor sentiment for the Resource Sector in general which shows no sign of abating,” said Global Equity International Inc Director Patrick Dolan. “This is reflected in the significant interest already being shown in BNR by Oil & Gas investors who will be attending the MEOS 2017 Oil & Gas conference in Bahrain from March 6th to March 9th.”

Blackstone is truly pleased to announce our engagement with Global Equity Partners to assist us in raising capital for our Exploration and Production efforts in the Americas. They have a fantastic team of professionals and a vast global network. We also look forward to joining the Global Equity Team at the MEPEX Forum in Bahrain next month. Now is the time when savvy investors re-enter the market and create great value for themselves and their shareholders,” remarked Blackstone CEO Demetrius Maxey.

Global Equity International Inc is a company that provides consulting services, such as corporate restructuring, advice on management buy outs, management recruitment and development for corporate marketing, investor and public relations, regulatory compliance and introductions to financiers, to companies desiring to be listed on stock exchanges in various parts of the world.

Its operations are limited to insuring compliance with regional, state and national securities regulatory agencies and organizations. The company advices and assists its clients in determining the corporate structure, which is suitable to their business models, and recommends management changes as per necessity. The company also offers corporate governance models customized to specific organizations and desired exchange listings and reviews and analyzes balance sheets and capital structures.

Elliott Wave Analysis: GOLD Aiming For Higher Levels; Decisive Break Above The 1244 Would Indicate More Gains

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Gold has turned nicely bullish two months back with clean five waves up from 1120 area, which means that trend has changed from bearish to bullish mode. However, nothing moves in straight lines so drop from January highs down to 1180 was not a surprise; a contra-trend move in three waves that can represents a completed blue wave 2.
That said, looking at the count we can now expect price to resume the uptrend in wave 3), as we can see red wave 2) showing first signs of completion at the 1216 level. A break above the 1244 level would be a confirmation for higher levels to follow.

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GOLD, 4H

 

BTCCNY Price Technical Analysis: Potential Long Opportunity

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BTCCNY is trending higher on its short-term and long-term time frames, exhibiting a potential buy opportunity at the bottom of its 4-hour ascending channel. Price seems to be bouncing off support at the 7000.00 area and could be poised to test the highs at 7600.00 or move up to the top of the channel at 8000.00.

Headlines on the government crackdown on bitcoin activity seem to have taken the back seat these days, as there have been no major penalties or regulations announced over the week. Still, investors remain wary that another big move could be in the cards once BTCCNY price tests new highs and attracts increased market interest.

In the absence of that, BTCCNY remains supported as there are geopolitical uncertainties weighing on markets elsewhere in the globe. In Europe, concerns about Italian and Greek debt are keeping speculations of capital controls in play and these have led to strong demand for bitcoin in the past. French politics are also throwing additional uncertainties to the mix as a potential victory by Le Pen could give more weight to Frexit concerns and threaten the stability of the region and shared currency.

The 100 SMA is above the longer-term 200 SMA on this time frame so the path of least resistance is to the upside. This means that the rally is more likely to continue than to reverse. However, the gap between the moving averages is narrowing so a downward crossover could be possible. Stochastic is also moving south, which reflects a potential pickup in selling pressure as well. In that case, a break below the 7000.00 mark could confirm that a downtrend is underway.

For now, the 100 SMA seems to have held as a dynamic support level and is keeping losses in check. A break below the channel support could also lead to a test of the 200 SMA dynamic inflection point at 6400.00, which is also an area of interest.

RSI is turning lower to show that sellers are trying to regain control of BTCCNY price action. Stochastic is also making its way out of the oversold zone also to show a potential pickup in bearish pressure. At this point, traders appear to be on the lookout for any reports from China’s bitcoin industry to gauge whether or not the gains can be sustained.

Overall, market fundamentals still seem to signal further upside for bitcoin but it’s hard to predict how headlines could impact price action from here. Recall that any restrictions from the Chinese government have led to a massive drop in price, although the cryptocurrency has managed to slowly crawl back higher as pressures abate.