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Australian and Chinese markets will be first regional beneficiaries of CoT

NEW YORK–(BUSINESS WIRE)–ShelterZoom, the inventor of Contract of ThingsTM (CoTTM), the next milestone in the evolution of contracts, today announced its expansion into the Asia-Pacific market by adding several new regional talents to its team and setting the stage for a Melbourne, Australia, office opening in Q1 2020. This will be closely followed by a second Asia-Pacific office opening in China.

At the invitation of the Victoria state government, ShelterZoom’s co-founders, Chao Cheng-Shorland and Allen Alishahi, recently travelled to Australia and met with some of the country’s largest banking, legal, real estate and insurance firms. The trip saw several potential – and major – partnerships for ShelterZoom’s groundbreaking CoT technology, which will transform records, documents and contracts into fully digital, interoperable and intelligent assets.

“We are thrilled to announce this expansion into the Asia-Pacific region with the addition of entrepreneurial-minded, top professionals such as Lily Li, Kevin Huang and Mike Yang. They each have the regional experience and connections, especially in Australia and China, to greatly expand awareness of our company and bring our exciting CoT and proprietary blockchain technology into one of the fastest growing regions in the world,” said Chao Cheng-Shorland, CEO and co-founder of ShelterZoom.

Lily Li comes to ShelterZoom with a long track record of successfully raising capital, managing interdisciplinary teams and navigating intricate contracts across different industries. Most recently, she founded a management company in the commercial real estate sector, overseeing a portfolio of clients through the complex contract negotiations involved in securing and maintaining long-term leaseholds.

Kevin Huang brings extensive experience in banking, mortgage and finance. Huang comes to ShelterZoom most recently from Collins Hotel Pty Ltd, where he owned and operated an apartment-hotel business in Melbourne’s central business district.

Mike Yang adds a wealth of private sector and government experience to ShelterZoom. After serving terms on two Ministerial Advisory Committees for the most recent Victorian state government, Mike has been reappointed by the current government to the Visitor Economy Ministerial Advisory Committee. Between 2010 to 2013, Mike was a senior adviser to the Honorable Daniel Andrews, the current Victorian Premier. And, as managing director of Modun Group, Mike has been instrumental in some of the largest Asia/Australia business deals in sports, red wine export and property.

“ShelterZoom’s blockchain technology and its revolutionary Contract of Things invention have the potential to redefine modern business relationships, e-Commerce, transactions and processes. I am excited to join their Asia-Pacific team,“ added Yang.

Celebrating Asia-Pacific Expansion

ShelterZoom is running a “Tiny Cabin Giveaway” raffle through March 2020. The winner will receive an all-wood, Claudia Kit Cabin delivered to their front door. The raffle is open to anyone who registers and submits a non-binding “practice offer” here (terms and conditions apply). It’s a great opportunity to register interest in CoT and have a chance to win a cabin. The raffle winner will “experience” the Kit Cabin contract on the CoT platform firsthand once the raffle is drawn.

About ShelterZoom

ShelterZoom was founded with a vision to revolutionize the way people buy, sell and rent properties. In 2017, we launched the world’s first blockchain-based real estate platform that provides a way to stay on top of every stage of property offers and negotiations. After winning the 2018 SIIA CODiE Best Emerging Technology Award, which recognizes “high-impact products,” we are developing a transformational and industry-agnostic platform to evolve contracts to Contract of Things (CoT). For more information, visit ShelterZoom.com.

Contacts

Gabrielle Jasinski

708-732-3913

[email protected]

Business Wire , 2019-11-13 13:07:19 ,

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.


While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock


Nick Chong , 2019-11-10 12:00:38

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