Investors want more cryptocurrency

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In today’s blog, we are going to take a look at a recent survey by Sharepost that may suggest that investors are more interested in cryptocurrency in 2018. Cryptocurrency has had a rough start in 2018, while most are down from their 2017 highs. However, the survey reported that

59 percent of investors and 72 percent of consumers plan to increase their holdings over the next 12 months.

This is really good news for the cryptocurrency economy as most of the users and transactions are coming from the investing section. It was no secret that the top three cryptocurrency coins/tokens that were most likely to succeed according to the survey were Bitcoin, Ethereum and Ripple. (Which are currently the top three cryptocurrencies right now in terms of market cap)

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Companies launching crypto related services/products/research

In order for cryptocurrency to be adopted real-world utility needs to exist. Right now hundreds of thousands of products/services can be purchased using some form of cryptocurrency, however, to compete on a competitive level cryptocurrency will need to be accepted by millions of different retailers. The Sharepost study suggested that

49 percent of consumers say employers are planning to roll out Blockchain in the near future.

Even during rough patches, light can be seen when companies are entering the blockchain space to try and innovative and release beneficial services/products.

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Tokenizing the Future

This data could possibly show a future in which many different companies roll out their own native cryptocurrency token and that the future could be a tokenized market.  Whether the tokens will represent some sort of equity within a particular company/business, function as a store of value, or even a medium of exchange this data has some promising notations. In a tokenized economy people will need to be able to interact with the tokens effortless in order to make the incentive models realistic. This means that exchanges will need to allow users to effortless exchange their tokens with many different trading pairs.



This sort of tokenized world is however many years away and will not be built overnight. More companies need to roll out research plans or even plans to develop blockchain related services/products. Many more years of research will be needed to give confidence to smaller companies and sole proprietorship (the largest groups of businesses in the US are sole proprietorship’s.) Companies like Wal-Mart, IBM, Oracle, and Goldman Sacs are considering or even exploring blockchain technology right now. These dominate companies have the resources to test out the industry, and once the projects are finally present other smaller companies will begin to follow suit.

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People using cryptocurrencies

Currently, around 40 million people around the world are using cryptocurrency and at the current rate within the next 7 years, this market could reach 1,000,000,000 people. This, however, cannot increase rapidly if exchanges and storing precautions are not taken. Most people who are early innovators have taken a look into cryptocurrencies, and these are the people that are willing to deal with the uncertainty in wallets and exchanges. The majority of the world will not be willing to enter the cryptocurrency market without an increase in security measures. This is why Oodlebit is dedicated to creating the most secure yet efficient trading platform. Together we can form the best cryptocurrency exchange and invite the next 40 million users to enjoy it with us.


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Cryptocurrency Events in August-September 2018

Eminem Mentions Bitcoin in his brand new album

On August 31, 2018, Forbes breaks the story that in Eminem’s new album he mentions Bitcoin. During the song Not Alike Royce Da 5’9 says

Remember everybody used to bite Nickel, now everybody doing bitcoin.

This might not seem super important since Eminem nor Royce Da 5’9 have particular notable cryptocurrency influence, however, it does show the change in society. Bitcoin still isn’t at mainstream adoption yet, but as the spike of December 2017 occurred people are now becoming more and more interested in cryptocurrency. Many different rappers have joined the cryptocurrency wagon, and many of these rappers are a plug into the younger generation which is something cryptocurrency is targeting.

CBOE plans on adding Ethereum Futures in 2018

The Chicago Board Options Exchange or CBOE is planning on launching Ethereum Futures as early as 2018 according to Business Insider. Gemini will be used to price the token in the future contracts which it already uses with its Bitcoin contracts. This opens up a brand new market for Ethereum and will allow some institutional investors to make bets on the market. Buying a futures contract does not mean the Ethereum Token will necessarily be bought however it does bring added value to Ethereum. The overall futures market with Bitcoin has shown to be successful and beneficial.


Commercial Bank of China shows interest in blockchain technology  

On September 1st, 2018 Bianews announced that the Commercial Bank of China will be taking a good look into blockchain technology. Cointelegraph states that the Commercial Bank of China has over 530,000,000 customers. China has been particularly grey in the realm of cryptocurrency as some regulations have hurt the innovations of cryptocurrency in the country, while some positive advancements like the Commercial Bank of China taking a look at blockchain have been made. Regardless of if blockchain technology is actually being used in the financial instruments within the bank, it is a good step in the right direction that the bank is familiarizing with its beneficial technology. If the bank does not use blockchain, it is at least an option for other banks or new projects to adapt its technology and create a competitive advantage.


IBM and Stellar payment network

IBM in a recent blog post has announced that “IBM Blockchain World Wire makes it possible for financial institutions to clear and settle cross-border payments in seconds.” The platform in which IBM is building on is the Stellar protocol, and so they plan on allowing users to actively connect to different Blockchain World Wire API’s to current fiat to digital currency. IBM’s current market cap is over $132,000,000,000 and so they have a potential to invest a lot of money into their blockchain technology endeavors. Any advancements that can be made are a positive step forward even in centralized companies like IBM. The beautiful space that we love is open for anyone to develop and release products, and so seeing IBM attempted to get their foot on the ground is something to keep an eye on. Many different benefits exist within blockchain technology that can help the financial transactional space like low fees, fast payment processing, increased efficiency and so much more. This makes it important for financial businesses to be interested in blockchain technology and build on it.


Get in Touch

In an ongoing effort to expand and grow our exchange, we are giving away 50 OODL coins with 60 days of free trading to the first 30,000 users. Visit to learn more about our amazing offers.

Follow our progress and updates on Twitter, Facebook and Telegram.

Introducing our Commitments

Our priority at Oodlebit is to create an open global market for crypto assets. We know that in order to do this, we are going to have to work with many different customer needs. This is why we have been busy creating advanced charting tools and the latest financial API’s to ensure you have the best experience.


Today, we will discuss Oodlebit’s commitment to community members all across the world.


Priority One: Create a fair and working environment to trade


Our Steps:

  • Launching a Fast trading platform with multiple liquid trading pairs such as Bitcoin, Litecoin, and EOS among others
  • Fair Trading Fees with OODL coin benefits
  • Hiring talented and motivated C# developers

Priority Two: Protecting customers with advanced security protocols, and good infrastructure practices.

Our Steps:

  • Offering multiple personal security measures such as Master Pins, and 2FA authentication
  • Monitoring suspicious activity using powerful software development applications, such as unusual trading patterns, unusual withdraws, and other malicious activities.
  • Saving automatic backups of our data, and saving it in multiple locations for safe keeping.


Priority Three: Communicating Clear and Precious Rules

Our Steps:

  • Publishing educational content surrounding our fee structures
  • Staying consistent on social media and updating the community with new integrations or problems
  • Recording all problems that occur with the trading application or uptime of any application
  • Publicly announcing rules regarding prohibited trading practices
  • Promote an active list of Company Policies and Procedures(Including Insider Trading Policies)

Get in Touch

In an ongoing effort to expand and grow our exchange, we are giving away 50 OODL coins with 60 days of free trading to the first 30,000 users. Visit to learn more about our amazing offers.

Follow our progress and updates on Twitter, Facebook and Telegram.


Introducing OODL Coin

Oodlebit is a next-generation cryptocurrency exchange that will be releasing in 2019, launching in the United States to create brand new standards. While launching with unique advantages such as an increase in trading pairs, fair fees, powerful API’s, heightened security, charting tools and other trading implementations, Oodlebit has created a powerful token with real utility.


History of Utility Tokens


With the ICO boom, “utility” tokens have started exploding with brand new business models of raising funds, and a new entry for startups to enter the blockchain space. An increase in startups and projects certainly helps the innovation of cryptocurrency, however, the immense amount of purely crowdfunding tokens has brought the economy down. Many companies have launched on the blockchain without good development teams and have created tokens simply to use to crowdfund their business models and make themselves rich. Most of these projects have huge Team & Advisor funds that take away from the actual development of the project. So because of this, many projects have failed and burned through a lot of investor funds because the idea was not yet technologically feasible. These projects have jumped the gun and begun raising ICO funds before the project has even been developed, so these speculative utility tokens have caused a huge downtrend in the market as these projects have not been able to deliver the fantastic implementations they wrote about in a whitepaper.


Bringing Real Utility, Real Value


Oodlebit’s native token OODL will be a fully functioning token with real-world utility. These tokens will be used directly in the exchange via the voting, and trading process. 200,000,000 OODL tokens will ever be in circulation before buyback burning periods. 50% of the tokens created will be given out in affiliate programs and other reward campaigns. The other 50% of the tokens will be given to early investors and the founders.



10% of every net positive quarter will result in a buyback until 50,000,000 tokens are purchased. These tokens will be burned so that the total circulation of the token gets decreased over time. This will bring more value to the token as the demand for the token rises. These tokens have real utility in the fee reduction and voting privileges and so the demand for the token will be higher than traditional pairs.


Lock up Periods

Generally in ICO’s developers and founders are given tokens right after the ICO funding, which doesn’t leave many incentives to continue on the project. At Oodlebit the founders and investors are given a four-year lockup to incentivize the continued support of the exchange.



An important feature of OODL tokens are the voting rights that are given. Users are able to vote for the next coin to be added to the exchange platform. Traditional exchanges add whatever token is willing to pay the most for a listing fee, whereas Oodlebit believes in the users. This is one of many Oodlebit commitments to bring the power back into its users. A current poll is running and ends January 1st, 2019! The top 10 tokens will be added to the exchange so vote now.



By utilizing the OODL token, users will see a fee reduction of 50%. This gives a financial incentive to traders to use the OODL token, and become a part of the Oodlebit community.


Get in Touch

In an ongoing effort to expand and grow our exchange we are giving away 50 OODL coins with 60 days of free trading to the first 30,000 users. Visit to learn more about our amazing offers.

Follow our progress and updates on Twitter, Facebook and Telegram.

Bitcoin ETF

What is an ETF? –

Cryptoren explains that an ETF or exchange-traded fund


 “Is a passive investing instrument that tracks underlying benchmark indexes (such as the NASDAQ-100 Index, S&P 500, Dow Jones, and others), commodities, bonds, or portfolios of assets and replicates their performances. ETFs can be traded like a common stock on exchanges, combining the diversified holdings of a fund with the low cost and tradability of a share.”


A Bitcoin ETF would allow investors to get into Bitcoin without actually buying the asset themselves. This means that investors don’t actually need to hold bitcoin, go through the purchasing process, or even safely store their private keys. An ETF would also allow investors to short shares if they believe that bitcoin will go down and so it gives more avenues for investors to make money. One of the biggest reasons institutional investors are not getting into Bitcoin is because of the security aspect of it. Institutional investors with millions of dollars, don’t want to get hacked and lose their irreversible bitcoin. So instead, having a platform for these investors that will allow them to invest without actually dealing with the coin is an incredible opportunity.


Market Effect –


Yesterday on August 7th, 2018, the SEC has delayed its decision on the Bitcoin ETF until September 30th which has the market shaking. The VanEck and SolidX Bitcoin Trust is set at $200,000 to market towards institutional investors and away from individual seasonal investors. As a result of the uncertainty that bitcoin will be accepted the market has taken a huge dive with Bitcoin dropping almost 9% and Ethereum dropping over 10%. The investing strategy of buying the rumor and selling the news has certainly been played.


How bad is this really? –

The ETF would help bring in a lot of money from institutional investors and would help the bitcoin community and cryptocurrency community in general. The ETF would potentially bring in more interest from people when bigger investors enter the market, and people see interest from “whales”.  As a Bitcoin community and as enthusiasts this delay in a decision by the SEC shouldn’t really be a huge downfall. The core values of Bitcoin is resistance and moving away from the regulatory traps in the fiat world. Delaying the Wall Street institutional investors from buying into Bitcoin and its core beliefs shouldn’t have to be rushed. These institutional investors will bring in a lot of money, however, will also be a part of something that they have tried to destroy. As an enthusiast or current investor, the ETF delay should not be a scary sight as the play on Bitcoin in the long term won’t have a negative effect. Short term Bitcoin has taken a big hit, but if the value and utility of Bitcoin remain the same, then this downfall will clear up in time. Keeping institutional investors out and building on the technology will not be harmful to the market in the long run, timing the institutional investor’s entry will be key.


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Recap of recent cryptocurrency events

Cryptocurrency is a new and innovative field that is changing every day, something new can be something outdated tomorrow. In this blog, we will be taking a look at some recent cryptocurrency events.


Regulation in Crypto


Bill Huizenga a Congressman in the United States asks for more cryptocurrency regulation and more rules regarding ICO’s. The main issue Bill pressed was the lack of transparency that ICO’s have with their investors and potential investors. Unlike traditional investments in the stock market, cryptocurrencies bring a grey area of regulation where some aspects of insider trading and other activities that would otherwise be illegal are present. Currently, in the United States, there are mixed feelings from government agencies as to what cryptocurrencies should be categorized as such that the IRS, SEC, and CFTC all have different classifications. Regulation often times can hurt innovation, and pinning cryptocurrency to the same rules as traditional markets can be harmful so finding a middle ground or new standards would be more beneficial.

Long Blockchain Corp. which was a beverage company has been subpoenaed by the SEC. The Securities exchange commission has taken a stance on companies that change their business plan to enter the blockchain space. Companies like RIOT blockchain have also been subpoenaed after their stock pumped after the name and business change into blockchain. Since the booming of ICO’s and the peaked interest of blockchain technology and cryptocurrency in general, companies have found that announcing their interest in blockchain has had a tremendous effect on their business and in some cases stock price. Restaurants like KFC have done promotional campaigns around cryptocurrency to spark conversation and deploy marketing antics.


Celebrities in Crypto

Bill Clinton who is a former United States president will be speaking at a Ripple conference. Ripple has used celebrities at conferences before as they brought in rapper Snoop Dogg for a performance. The conference will be held in October according to the blog post and notes that Bill Clinton has helped companies get past the “digital divide”. Ripple is heavily criticized as their company owns a large stake in the cryptocurrency XRP, and some argue that the interaction between the company and the cryptocurrency itself is very limited. Celebrities and public figures do have a positive impact on the cryptocurrency community, as they can reach a large audience and potentially introduce them to cryptocurrency.

Kim Kardashian West who is a popular TV celebrity was invited to a Poker Charity Event where she was given a Bitcoin. Kim posted an Instagram story of her poker chips with a physical representation of a bitcoin on the table with the caption “we moved onto bitcoin”. Kim has over 100,000,000 followers on Instagram which reaches a huge audience and is good for the overall cryptocurrency community. Many people that have never heard of bitcoin will certainly be enticed to look into it after seeing the support of Kim Kardashian West.


Non cryptocurrency celebrities are not the only people that are admired and have a pull. Celebrities like Vitalik Buterin although in the cryptocurrency community, have a large pull. When Vitalik tweeted about liking the staking economics of the project Omisego, the coin pumped over 10% within hours. Projects or coins that are then endorsed or talked about by Vitalik are then greatly looked at or purchased without much research.


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A cryptocurrency downtrend might not be bad

According to CoinMarketCap the cryptocurrency market lost a collective $11,420,496,785. This might seem devastating at $11B is a lot of money even in a market like cryptocurrency. However, there are many positives that are coming out of the cryptocurrency market.


One thing to take a look at is the recent ICO funding trend which is currently mooning, new projects are still entering the market every single day. This shows that creating blockchain startups is still profitable and that dapps or decentralized applications are still of value. With the creation of ICO’s and decentralized applications, news projects have been able to appear and it is apparent that people are still interested in investing in startups.

Often times people will look at cryptocurrencies and shame it based on its volatility. Many known traditional investors warn others to not get involved into cryptocurrency because of this. Cryptocurrency is a very speculative market, however, when someone doesn’t understand something they oftentimes pin it to something they do know. So outside investors might look at cryptocurrency as a stock, and many will say cryptocurrency is in a bubble or over evaluated. On July 26th, 2018 Facebook’s stock saw a drop from $217 to $174. This is important because it shows that even traditional investments in “safe” companies can have violent swings. Facebook does have their stock tied to the company’s earnings however it yields a high P/E ratio. This makes an investment in Facebook even more speculative because the stock’s value is coming from innovations or partnerships that have yet to exist. Many features of the stock market are criticized that the cryptocurrency market potentially fixes like the cost of premium stocks, and pre IPO investments.


Cryptocurrency like other innovative technologies and assets need time to adopt. In order for cryptocurrency to become adopted, more projects need to enter the market and build platforms that can be utilized with the benefits of blockchain technology. This means more companies are going to need to accept payment assets like Bitcoin and more decentralized platforms will need to run on assets like Ethereum in order to make the cryptocurrency space scale. This comes at a number of different avenues including building on the actual blockchain themselves and developing more efficient ways to scale and perform.


Cryptocurrency is slowly developing and working towards mass adoption, but can’t get there without good development. When prices jump the gun without the advancement of the underlying technology downtrends occur. In times of downtrends, more coins can be purchased at lower prices which will, in turn, make a profit if the market for that asset recovers. If cryptocurrency is to be the future then the prices day to day won’t matter to those who are investing in the technology and are supporting its value long term.


Our Commitment


A huge barrier to entry is the exchange market and the usability of transferring ownership between people whether it be buying or selling orders. If cryptocurrency is going to be adopted it needs to start with the usability, and people need to be able to exchange seamlessly without faulty problems. Bad technology and usability will drive more people away from getting into the market, and poor security and mismanagement of user funds will cause more people to leave the market. At Oodlebit we strive to push the innovation and drive for cryptocurrency because it starts as a passion for us. We believe in cryptocurrency and want a safe and trusted platform to help facilitate trades.


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Making a good cryptocurrency exchange

A cryptocurrency exchange is a medium that allows users to facilitate buy and sell orders. The exchange site can facilitate these trades using fiat pairings and use liquid cryptocurrency assets like Bitcoin and Ethereum. These transactions come at a cost and normally are set in a progressive fee bracket which allows the exchange to make a profit and run its service.


A recent article on Coinsulta explains what traits to look for when searching for an exchange. Currently, hundreds of different exchanges exist that are producing millions of dollars in transactions a month. Cryptocurrency has been on a steady incline ever since Bitcoin was mined in 2009. In a market that is growing at a fast pace like cryptocurrency one might think the technology and exchanges that are facilitating these trades are advancing and growing as well. In our last blog, we explained how the exchange market hasn’t really changed much and hacks and exploits are getting more and more frequent.


What to Look For:


Ease of Usage

The first important thing to look for in an exchange is the ease of usage, some exchanges are hard to operate and sometimes the user might end up sending cryptocurrency to the wrong addresses because of the confusing UI. If cryptocurrency adoption is going to occur everyone needs to be able to access these exchange platforms without hours of learning. Which is why at Oodlebit we have taken the initiative to make the exchange platform easy for anyone to understand and start trading within minutes, with tools available for more advanced users to keep everyone active.


Security of Funds


As we have seen in countless exchanges in the past that were in control of millions, security hasn’t always been a top priority. This gives a bad taste to others who are on the fence about getting into cryptocurrency and is hurting the users that are involved in cryptocurrency directly. Most of the cryptocurrency hacks/exploits could have been avoided and the carelessness of private keys was astounding. Oodlebit has a strict policy on security and is transparent with our users with our policies and handling procedures.  Two Factor authentication will be available for everyone accessing the platform to ensure an extra layer of security. Our advanced system will monitor unusual activity, including log in location, trading patterns, and other activities. Cold storage’s are often used lightly on exchanges, and store a small percentage of the funds. However, at Oodlebit a majority of user funds will be safely secured in cold storage wallets.


When dealing with user funds, exchanges should act seamlessly and run smoothly to give the users the best experience possible. Unfortunately, that is not always the case with the top exchanges. Having near perfect up time is something that Oodlebit strives for and maintain innovating trading software/tools is something that we pride ourselves over. In order to give a good performance and first experience, we are giving away 50 OODL coins with 60 days of free trading to the first 30,000 users. Our customers and their loyalty are priceless and to show our continued support to the community we are always running promotions/events to engage the community that we share.


Oodlebit believes in low fee trading in order to boost performance, and when trading personal funds the users should have fair fees. This is why we are committed to competitively pricing our fees to other exchanges.


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History of cryptocurrency exchanges

Cryptocurrency exchanges have been a very important aspect to the community and economy. Exchanges have helped millions of people transact with their favorite assets whether it was a buying or selling facilitation. According to CoinMarketCap the total market value is pushing $300,000,000,000. In an enormous market like this, one might think simple standards like high liquidity, internal audits, fair fees, and good customer support is an industry practice. However, it all started in 2014 with the rising prices of Bitcoin, when greed and thoughtlessness took place.



February 2014, exchange giant Mt. Gox files for bankruptcy stating that 850,000 bitcoins were stolen and are unable to pay back creditors. Fraud and severe mismanagement of funds belonging to the users of the platform clouded over Mt. Gox. To this day people are still waiting to receive their liquidation share from the disaster.


Fast forwarding to January 2015 the exchange Bitstamp which was a direct competitor of Mt. Gox, was hacked resulting in a loss of over $5,000,000. The amount stolen was far less than Mt. Gox however, the way in which the coins were stolen was outrageous. Bitstamp executives were phished with concert tickets and other fake email requests.


August 2016 Bitfinex made history with the second largest cryptocurrency exchange hack with over $70,000,000 stolen. There are many critics with this hack since accounts that were not affected directly got 36% of their funds automatically exchanged for BFX tokens. (BFX tokens were held in place for Bitfinex to payback customers ) The unique hack was able to occur with the help of the mismanagement in their multisignature wallet which was blindly signed when API keys were hacked to send off 120,000 bitcoins.


July 2017 exchange site BTC-E was fined $100,000,000 while the owner Alexander Vinnik was arrested on the accusation of laundering more than $4,000,000,000. Some reports also suggested that 95% of ransomware attacks were sifting coins through BTC-E. Alexander Vinnik was named in connection to the Mt. Gox hack which resulted in a net loss of $2.2B. Users on the platform were given a choice after a few weeks to either take a native token ( similar to that of Bitfinex) or take a large percentage loss of their tokens.


Most of these hacks and exploits occurred because private keys were misplaced and carelessly managed. Exchanges should be a safe place for users to transact, and if cryptocurrency is to go mainstream this is essential. Cryptocurrency technology has allowed companies to avoid a lot of traditional financial barriers, however traditional business strategies in security and internal control should not go ignored.


A New Standard Has Been Created



oodlebit crypto exchange

Which is why in 2018 Oodlebit, the next generation exchange that aims to take care of funds and keep security a priority was created. In a market where private keys have been misplaced, and executives have fallen for email phishing attempts, we are confident to take customer experiences to the next level. Customers will be given top support as deserved since a community without users isn’t one at all.

Get In Touch

In an ongoing effort to expand and grow our exchange we are giving away 50 OODL coins with 60 days of free trading to the first 30,000 users. Visit to learn more about our amazing offers.