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Gift Cards and Paxful Offer Economic Options to the Global Unbanked

2 hours 45 min ago

The global unbanked have been frozen out of most economic ecosystems, but Paxful is changing this through the selling of gift cards on their cryptocurrency exchange.

The rich and elite have a lot of options when it comes to economic decisions. They can invest in gold, stocks, bonds, precious gems, artwork, real estate, automobiles, and cryptocurrency. The only snag they face is the wait to convert the value of one asset into another, but such a problem is a minor one indeed. By contrast, the unbanked are essentially locked out of most economic ecosystems due to having to physically hand over fiat for goods and services. Even getting involved in cryptocurrency is an issue for the unbanked, but Paxful is offering an unexpected gateway: gift cards.

Even Cryptocurrency Has Obstacles for the Unbanked

The number of individuals with a bank account has increased over the last few years, but the problems facing the unbanked and underbanked still exist. In the United States alone, there are 10 million households that are either underbanked or unbanked. Worldwide, the total number of the unbanked is two billion souls. As such, they do not have access to a financial institution in any manner.

As one can imagine, this puts severe limitations on an individual’s economic freedom. All transactions have to be made face-to-face and in cash. This situation puts the unbanked at the mercy of those who would economically exploit them as they have no other options. What good is it to know that an item costs 60% less online if you’re unable to purchase anything online?

Cryptocurrency is viewed as an outlet of economic freedom for people, but even this has some obstacles for the unbanked to face. Almost every cryptocurrency exchange requires the use of a financial account (checking account, debit card, credit card, etc.) as well as identifying documents in order to use it. The unbanked do not have access to these items, which means they would normally be locked out of engaging in the cryptocurrency sphere. Fortunately, Paxful is working hard to make a difference by offering the unbanked hundreds of options to engage in the virtual currency sphere without the need of a bank account.

Gift Cards Offer Economic Access

The humble gift card that a person can buy at any small shop or gas station offers access to the global economy via cryptocurrency. Paxful hosts the fourth busiest Bitcoin wallet by volume, but their status is often ignored due to the low amount of their transactions. People aren’t normally sending hundreds or thousands of dollars per transaction on Paxful, but the p2p network embraces this reality as their goal is to offer an economic lifeline to the developing world.

The number one gift card used by the unbanked on Paxful is iTunes. Last week, a total of $6,635,517 was converted into cryptocurrency via iTunes gift cards, with an average transaction amount of $97. The second most traded card on the Paxful platform is the Amazon gift card. This card featured an average amount of $84 per transaction, and the total volume for the last week was almost $2.5 million. Rounding out the top five payment methods on Paxful are the eBay gift card, the Walmart gift card, and the Best Buy gift card.

Why does Paxful allow so many different gift cards to be used on their cryptocurrency exchange? The answer is that it fulfills their goal of offering economic choices and freedom to people throughout the world, especially in regions that often lack stable financial structures. An unbanked person can easily venture into the crypto sphere and take full advantage of the global economic system just by wandering into a corner store, buying a popular gift card, and then exchanging it on the Paxful platform.

Keeping Opportunity Alive

Gift cards are the doorways to a new economic reality for millions and millions of people across the globe. This is why Paxful works hard to keep them available for conversion on the platform, despite any difficulties they may bring. A particular case is the iTunes gift card. This card chews up a lot of the support staff’s time due to some issues, but Paxful refuses to drop it. As Ray Youssef, the co-founder of Paxful, notes:

We are the only p2p crypto service that deals with iTunes gift cards, why? All the others stopped supporting them because of the absolutely massive headache and near impossibility of proving proper account balances on iTunes gift cards. We have chosen to keep iTunes gift card support because it is still how the unbanked of Africa get their bitcoins. We refuse to abandon these unbanked users as the whole idea of bitcoin and Paxful is to help them.

In the end, it’s often the little things in life that make a big difference. Such is the case with the humble gift card. Paxful allows the selling of such cards on their platform as a means of allowing those with no access to the global financial network a way in. Allowing the unbanked to retain their dignity while allowing them to explore financial opportunities is a tremendous gift.

What do you think about Paxful enabling the unbanked to use gift cards to access the cryptocurrency market? Let us know in the comments below.

Images courtesy of Flickr/@401(K) 2012, YouTube/@Paxful, Pixabay, and Flickr/@arvind grover.

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Mingo Adopts the Next Generation of Blockchain Technology for Its Three-In-One App Using Hedera’s Hashgraph Technology

4 hours 45 min ago

Mingo, the all-in-one crypto messaging, e-commerce and e-sports platform, announced today that the project will be built using next-generation hashgraph technology from Hedera.

Mingo lets you chat with its unique multichannel messaging capability and will soon let you shop and play on its platform, featuring an integrated cryptocurrency wallet and multi-use plugin capability. The company’s founders believe that their app will be a gateway to widespread consumer adoption of cryptocurrency, which they expect will grow within the ecosystem.

Mingo plans to create a network effect for its platform built on its pioneering MingoChat, which is a free app that aggregates a variety of popular messenger apps. MingoChat allows users to view conversations with all their contacts in one discussion feed. The app currently supports seven mainstream messengers, including Facebook, Twitter, Steam, Discord, Slack, Skype, and IRC Cloud. Mingo also plans to develop future provider connections with the likes of Telegram, WhatsApp, Kik, and others. Users can easily stay connected with their contacts in real time, without the need to launch a number of different chats.

Mance Harmon, CEO of the Hedera Hashgraph Council, commented:

Mingo is an innovative startup addressing the very real issue of digital message overload. […] We are pleased that they have selected Hedera’s hashgraph platform to help bring digital sanity to our everyday experience of mobile communications.

Assuming that the messaging ease-of-use will make their platform the go-to app for real-time connectivity, the company believes that their Mingo Plugin Economy will also generate e-commerce buy-in from merchants who are eager to access Mingo’s large audience. Notably, the platform allows for the use of micropayments, which are an ideal mechanism for monetizing today’s consumer activity but have been frustratingly difficult to implement using present-day technology.

Mingo’s plug-in capability allows users to make micropayments to purchase products and services from authenticated and trusted merchants and service providers. Musicians, artists, charities, and news providers especially should pay particular attention to this technology, since it allows them to tap into existing consumer behavior while allowing customers to make per-product purchases with no long-term obligations.

Hedera’s hashgraph platform will offer a public, distributed ledger that allows easy development globally distributed applications to other companies. All nodes within the hashgraph protocol, therefore, are known entities and consequently protected against malicious anonymous nodes that might slow down transactions on a public blockchain. And with a promised capacity of 275,000 transactions per second, hashgraph has the potential to deliver a fast, secure backbone for cryptocurrency-based platforms like Mingo.

Joe Arthur, CEO of Mingo, is delighted with the partnership, stating:

Everyone in the distributed ledger space shares the goals of providing the community with maximum speed as well as security. […] We are enthusiastic about using hashgraph technology to develop our app because we believe it’s the next-generation solution for delivering on those goals.

The Mingo platform will be powered by its utility token called the MingoCoin, which will be an easy-to-use, widely accepted token throughout the Mingo Plugin Economy. Mingo is building the initial plug-ins for the platform including MingoPlay, which delivers an eSports platform for users to compete against each other and in tournaments with the ability to gain MingoCoin rewards, which can be spent throughout the ecosystem.

For more information about Mingo, please download their project summary or visit The MingoChat app is available for both Android and iOS devices.

Have you test driven the MingoChat app? How will Hedera’s hashgraph technology benefit the platform? Let us know what you think in the comments below.

Images courtesy of Mingo

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Twitter to Begin Banning Cryptocurrency Ads

7 hours 44 min ago

Reports say that Twitter will follow in the footsteps of Facebook and Google by banning a wide range of cryptocurrency ads.

It appears that the digital world of cyberspace is continuing to shrink for those seeking to publish cryptocurrency ads. Facebook was the first to lower the boom as the social media platform banned cryptocurrency ads. This was followed shortly thereafter by a similar purge by internet behemoth Google. Now reports are coming out, saying that Twitter is following suit by instituting a ban of their own.

No More Blue Check Marks

Sky News is reporting that Twitter is planning a new advertising policy that will be rolled out in a couple of weeks. The new policy will ban cryptocurrency ads for wallets, token sales, and ICOs. This new banning policy will, apparently, be on a global scale.

As for cryptocurrency exchanges,it appears that they might be banned as well from advertising on the social media platform. However, some limited exceptions might be made. One would assume that exchanges that are licensed to operate would fall under this exception mandate.

This ban is a little bit surprising as Jack Dorsey, the CEO of Twitter, is also the CEO of Square, which has recently added Bitcoin trading to its platform. Dorsey is a proponent of Bitcoin and has even invested in Lightning Labs, the group behind the Lightning Network.

Not Unexpected

Truth be told, this is not an unexpected development. It’s a given that Twitter was under enormous pressure due to the actions of Facebook and Google.

Jack Dorsey

Plus, Twitter has been having problems with fake accounts that perpetuate cryptocurrency-related scams, such as fake accounts that spoof some of the major players in the crypto world. This was noted by an associate professor at Cornell University, Emin Gün Sirer, who said:

Crypto-spam reached untenable proportions recently. It was impossible to discuss any topic without having some spammer jump in, impersonate a crypto celebrity, and try to collect coins from people with promises of easy gains.

Some may argue that such banning campaigns fly in the face of the Wild West, decentralized nature of cryptocurrency. However, the reality is that the social media platforms and Google are pushing such campaigns in order to limit their liability when it comes to scams. There are a lot of great opportunities in the crypto sphere, but there are also a lot of scams going on as well. The likes of Google, Facebook, and Twitter don’t want to be on the receiving end of a class action lawsuit over some fraudulent ICO that they allowed to advertise on their platforms.

Do you think Twitter is doing the right thing, or are in the wrong, by banning cryptocurrency ads? Let us know in the comments below.

Images courtesy of Wikimedia Commons, Pixabay, and Bitcoinist archives.

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British Bank Barclays Partners with Coinbase

10 hours 44 min ago

One of the world’s biggest cryptocurrency wallet and trading platforms, Coinbase, has completed a deal with one of the biggest banks in Britain. 

Bitcoin Trading to Become Easier for British Residents

Coinbase, one of the biggest cryptocurrency exchange platforms worldwide, has announced that it successfully opened a bank account with the major British bank, Barclays. According to a recent CNBC article, most British banks have abstained from doing business with cryptocurrency-related businesses, in general, due to concerns of illicit activities.

Coinbase believes that the new partnership with Barclays will make trading Bitcoin and other cryptocurrencies much easier and faster for British investors and traders. Before the partnership, British users of the cryptocurrency exchange would have to wait a couple days before their funds would arrive in their bank accounts. The UK CEO of Coinbase, Zeeshan Feroz, stated to CNBC:

U.K. customers will benefit from faster, safer and seamless bank transfers. We will start with a pilot, giving a small number of institutional users access to Faster Payments. In the coming weeks, we will begin rolling out to all U.K. customers, making the Coinbase experience increasingly easier,

Analysts expect a rise in British cryptocurrency traders thanks to the faster bank transfers which the exchange is going to offer in the upcoming weeks.

Expanding into the British and European Market

The new partnership with Barclays isn’t the only positive news concerning the popular cryptocurrency exchange. Coinbase has also managed to receive an e-money license by the British Financial Conduct Authority (FCA).

The license also allows the exchange to add support for the Faster Payments Scheme (FPS). It’s also worth noting that the e-money license also grants access to 23 more European countries. Anticipating greater demand for services, Zeeshan Feroz also mentions that the exchange is planning to increase their team in London by roughly eight times.

What are your thoughts on Coinbase entering a partnership with Barclays? Do you think that more British banks will partner with the cryptocurrency exchange? Let us know in the comments below!

 Images courtesy of Bitcoinist archives, Adobestock, and Coinbase via Glassdoor.

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This Tiny Altcoin Proves There’s Light at the End of the Crypto Tunnel!

12 hours 44 min ago

The bullish cryptocurrency year of 2017 has attracted a vast range of worldwide projects and attention. Now that this industry has a $300+ Billion market capitalization, there’s one question growing larger with economists and tech watchers: What is the real economic value of these Blockchain startups and how will they make an actual impact on our lives? How will they perform over time and will they manage to keep up with the promises they made during their ICOs?

These burning questions cannot be answered with discussions. They can be answered with actual product usage and roadmap execution. Knowing when a project falls short with those is critical for safeguarding your investments throughout the bumpy 2018.

We’ve already seen a lot of projects in the crypto space completely implode, which further increased the level of skepticism among investors and validated that the level of success of an ICO should not be confused with the amount of money that the same ICO had managed to raise, as the latter is by no means any guarantee for a good return on your investment.

Vitalik Buterin himself (the mastermind behind Ethereum) has stated:

It is an established fact that ninety percent of startups fail. And it should also be an established fact that 90 percent of these ERC20s on CoinMarketCap are going to go to zero.

In between all these blockchain companies and all the skepticism that the current bearish market is experiencing, it looks like there’s one running at the front that can actually already make an impact on our everyday lives – and its name is

Locking onto your Hotel on the Chain

Simply put, is an online booking platform for hotels and properties. Much like other booking sites that today’s travelers use, they have their booking platform (which is currently up and running in alpha) connecting hotels and properties to guests looking for a stay somewhere. What makes LockChain unique is their ability to offer this service to the end customer for 20% cheaper on average compared to other large booking websites. How? Simply put, LockChain doesn’t take any commission on their booking. Where regular booking sites take anywhere from 15% to 35% commission and other additional fees, LockChain connects the hoteliers and property owners to consumers directly without any middle-man, by leveraging Blockchain technology capabilities and by utilizing a true shared economy.

They just announced that they’ve launched a 100,000 hotels deployment with global coverage which are fully available for booking.

This essentially means that any human being that is interested in traveling from now on, can save up to 30% on future travel expenses without the necessity of changing his consumer behavior.

LockChain’s price 66 EUR vs competitor price 94 EUR (30% cheaper).

A Service You Can Use Immediately and a Token That Brings Real Life Value Irrespective of Market Conditions – Fundamentals for Success

 The value proposition is obvious: Cut commissions so travelers can travel cheaper while hoteliers and property owners get more profit. According to research, most travelers compare prices across platforms to pick their hotel or property of choice on the right price. Half of those stumble upon a website they’ve not been acquainted to prior. For your next booking, that can be Lockchain, and you would still end up in the same hotel that you wanted to go to.

More importantly, LockChain is not small a player in the online bookings field: They’ve secured over 100,000 hotels with global coverage for their marketplace, which are already live and ready to be booked, and there’s a nicely growing index of properties to be found there, too. Now and then property owners and organizations go into their Telegram channel to raise questions regarding a listing or possible partnership. Of course, most of those communications go behind the scenes, but LockChain seems especially interested to answer all of the community’s questions and interests – as long as their business practice is maintained.

Customer-centric Strategy with Near 0% Dependency on Third-parties

The other great thing about LockChain is that they have a strategy where they cut down third-party dependency to near zero. Unlike most other projects that are developing “protocols” or complex b2b technologies without clear idea of how and when the retail adoption will take place, LockChain seems to take care of the whole vertical – building the underlying Blockchain engine together with a centralized application that can immediately provide the service to their users and to all users in general.

This essentially means doubling the amount of work in order to ensure retail utility of the end product as soon as possible.

LockChain CEO Nikola Alexandrov, who regularly engages in discussions in the company’s Telegram channel, commented:

We have a 100% focus on providing a retail service that can make an impact on our everyday lives, without asking the users to make any changes to their current consumer behavior. Our first goal is to make sure the investors love our service and they start to use it. If we can make it work for 5,000 people, then there’s no reason not to make it work for millions of people afterwards. Our goal was never to raise too much money during the ICO, but rather, to build an innovative and yet accessible service of maximum value. That value could easily multiply over time with the right strategy.

A Blockchain App for the Long Run

LockChain (LOC token), currently having a market capitalization of only $10 Million according to Coinmarketcap contrasts with many of the Top 100 Multi-Billion Dollar valuated crypto projects. Some of those don’t even have a basic wallet to support their tokens and completely depend on third parties for the execution of their road-map.

Now after LockChain have implemented the 100,000 hotels and wallet capabilities into their marketplace, they’re focussing on a payment process where users can pay with fiat as well. The fiat payments would be converted into LOC as a background process through API connectivity with exchanges, which would make it a win-win scenario for both non-crypto and crypto users.

The CEO, Nikola, stated that he expects this to occur within the next 2-3 months. Once that is in place, the marketplace will be truly consumer ready and there will be no stopping back for the growth towards its real $550 Billion travel industry potential.

Several investors online are talking about LockChain being the underdog that you must watch and they might be right: with a small market cap and being up over 300% since their ICO, LockChain is one of the few altcoins that is remaining stable in a competitive and harsh market. It’ll be an interesting jump for them the next couple of weeks when the hotels are fully deployed.

Their mobile apps for Android and iOS are also almost completed and are scheduled to be launched within the next 2 months.

Further in these couple of months when features will be added they are only a few steps away from official public launch. With their new advisor on board, it also seems they are aiming to be listed on more prominent exchanges. While they’re currently only on a handful of exchanges, the most interesting being HitBTC, it can prove to be a good moment to step in the LockChain game before they reach a wider audience.

The Only Project in the World with a President of an EU Member Nation as a Team Member

LockChain is run by two individuals at the top: Nikola Alexandrov (CEO) and Hristo Tenchev (COO). They both are award-winning entrepreneurs with extensive knowledge in internet start-ups and in the Blockchain industry. They’re supported by a large team of developers that Nikola and Hristo have acquired through years of running IT projects. Furthermore, they’re supported by some serious specialists.

Nevena Petrova is head of Development, who prior to LockChain worked with Nikola on Bitcoin7 which was a well-known and established bitcoin exchange back in its time. Harold Kim is an Advisor who prior to LockChain was involved in getting serious projects listed on large exchanges. Then, not the very least, is the former president of Bulgaria Rosen Plevneliev as Chief Advisor. Rosen advises LockChain on strategic developments. Check out their entire team on their website.

Left to right: Hristo Tenchev (COO), Rosen Plevneliev (Former President of Bulgaria) and Nikola Alexandrov (CEO). Courtesy of LockChain Ltd.

The LOC token has a circulation of only 9.3 Million and a total supply of 18.6Million (which is with 3 Million less than Bitcoin). 

LOC is priced at around $1.10 at the time of writing this article and is already tradeable at HitBTC, Yobit, Mercatox, IDEX, and Gatecoin.

What are your thoughts on LockChain – both as a cryptocurrency and as a hotel platform? What are the biggest benefits that the platform offers to travelers? Let us know what you think in the comments below.

Images courtesy of LockChain

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South Korean Authorities Raid Three Cryptocurrency Exchanges

14 hours 45 min ago

South Korea continues to make headlines in the cryptocurrency world as authorities raided and confiscated property from three cryptocurrency exchanges following a January investigation.

Raiding Party

Last month, legal authorities in Seoul raided three cryptocurrency exchanges. The raids followed a government investigation in January, which concluded that a certain amount of customer’s assets had been illegally transferred to exchange managers’ private bank accounts.

According to lead prosecutor Jeong Dae-jeong, authorities conducted the raids over a three day period. Confiscated items included hard drives, mobile phones, and records of financial transactions. Said Jeong:

It’s unclear yet whether the transactions can be seen as embezzlement.

As reported by The Wall Street Journal, neither information regarding the total amount of funds nor the exact cryptocurrency exchanges raided has been made available. However, Jeong did note that one raided exchange is located in the neighborhood of Yeouido – where the large cryptocurrency exchange Coinone is located.

Post-raid investigations have also uncovered that customers’ assets were used by at least one of the accused parties to purchase Bitcoin from other exchanges.

The news comes as South Korea continues to make cryptocurrency headlines, and the country itself remains one of the largest players in the cryptocurrency market. In 2017, the South Korean won was the fourth most used fiat currency for Bitcoin trading — behind of the dollar, yen, and euro. For Ethereum (ETH) and Bitcoin Cash (BCH), the won was second.

The fervor for digital currencies in South Korea has caught the attention of some foreign exchanges, such as China’s OKCoin. It has also caught the attention of the South Korean government, which seeks to impose tighter regulations on the rapidly expanding market.

South Korea has already imposed restrictions on anonymous cryptocurrency trading. However, the country is conversely reconsidering its ban on Initial Coin Offerings. Earlier this month, The Korea Times — one of South Korea’s largest newspapers — reported that the South Korean government will soon reverse its ban on ICOs and allow token sales under certain conditions.

Additionally, local news media outlet Yonhap News Agency reported last month that Choe Heung-sik, governor of the Financial Supervisory Service, stated that government organizations will “support” all legitimate transactions in the cryptocurrency trading space.

What do you think about South Korean authorities raiding three cryptocurrency exchanges? Do you think they deserved it if they were using customer funds to buy Bitcoin from competitors? Let us know in the comments below!

Images courtesy of Shutterstock

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Mt. Gox Trustee Who Sold $400 Million Bitcoin Denies Affecting Market Price

Sat, 03/17/2018 - 22:00

The Mt. Gox trustee who sold over $400 million in Bitcoin (BTC) and Bitcoin Cash (BCH) from December to February had denied affecting the market prices of both cryptocurrencies.

A Whale’s Tale

According to a transcript of a Q&A session from the 10th Mt. Gox creditors’ meeting, the defunct exchange’s trustee Nobuaki Kobayashi had denied affecting the market price of Bitcoin (BTC) and Bitcoin Cash (BCH) with his high-profile and high-volume sales.

"Bitcoin Holder SLAYER"
†Nobuaki Kobayashi†

— Sy-YsK (@sy_ysk) March 11, 2018

In fact, Kobayashi says very little in regards to the details of his sales. However, he does indicate that he sold both cryptocurrencies through means outside of exchanges. Says the trustee:

I sold BTC and BCC from December 2017 to February 2018 with the cooperation of a cryptocurrency exchange in light of the market price at the time of the sale. Following consultation with cryptocurrency experts, I sold BTC and BCC, not by an ordinary sale through the BTC/BCC exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the extent possible. The method of sale of BTC and BCC was approved by the court as well.

I would like to refrain from explaining the details of the method of sale; otherwise the future sale of BTC and BCC could be hindered. However, at present, nothing has been determined regarding the sale of BTC and BCC in the future.

Though Kobayashi intentionally refrains from providing specific details, one might assume he sold the large amounts of Bitcoin and Bitcoin Cash “OTC,” or Over The Counter — meaning he conducted private sales off of exchanges. Theoretically, such sales would prevent dramatic swings in both cryptocurrencies valuation.

The problem is, large amounts of Bitcoin were suddenly and dramatically sold on exchanges at various points throughout the period in question — including before, during, and after reports surfaced describing the large amounts of BTC and BCC being sold by Kobayashi.

One might even be tempted to interpret Kobayashi’s latest statements as simple legalese for: “Don’t blame me.” After all, it’s well within the realm of possibility that the trustee conducted private sales to institutional investors, who themselves turned right around and dumped their newly acquired stockpile on exchanges — possibly for substantial profit. However, without further details, this remains unconfirmed speculation.

Note: In the transcript, Bitcoin Cash (BCH or BCASH) is noted as BCC.

Do you think the Mt. Gox trustee’s sale of roughly $400 million worth of Bitcoin and Bitcoin Cash had any effect on either cryptocurrency’s market price? Let us know in the comments below!

Images courtesy of Zero Hedge, Wikipedia Commons, Twitter

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MoonLite Confirms Power & Distribution for Massive Mining Operation in Iceland

Sat, 03/17/2018 - 19:00

The MoonLite Project, which aims to dominate the cryptocurrency mining industry through the creation and operation of multiple industrial-scale data centers powered completely by green energy, has secured both power and distribution in a highly-competitive region of Iceland.

Making Connections

The MoonLite Project is based in the Keflavik — an area of Iceland which already houses a number of prominent data centers and is conveniently located near the main international airport.

Securing energy in this highly-sought-after area is no easy feat.

In order to operate a data center, a prospective company needs a contract with one or more energy producers, as well as a contract with the national energy transmission company. On top of that, companies also need a contract with a utility company to actually deliver the energy in the right configuration to your premises.

Securing those contracts is almost impossible today, as the national energy company simply doesn’t have room to supply more energy through the line running from Reykjavik to Keflavik. Thus, the number of applications and requests for energy is rendered irrelevant, as — in essence — there is almost no more energy deliverable to the area.

Energy companies are unsurprisingly aware of this fact and thus have little to no motivation to enter into an agreement with new customers — since transmission is obviously out of the question.

Nevertheless, MoonLite has beaten the odds. The project has secured everything needed to launch their large-scale mining operation. The project has signed deals with energy producers, the national transmission company, and the relevant utility companies.

In doing so, MoonLite is set to be one of the largest miners in Iceland.

Ready to Dominate the Competition

The MoonLite Project has set out to become the dominant player in the cryptocurrency mining space by utilizing the latest emerging technology, operating as efficiently as possible, and utilizing an industry-leading team of experts.

Cryptocurrency mining has a well-documented impact on the environment, but MoonLite will be entirely powered by 100% sustainable, green energy. Energy consumed by MoonLite’s data centers will be generated using hydro, geothermal, and wind resources — and will utilize a contractual supply of the cleanest energy available at a multi-year fixed rate.

MoonLite also takes advantage of a variety of emergent technologies, including but not limited to artificial intelligence and sophisticated, custom-built algorithms which work together in order to help the data centers run at maximum efficiency — thus maximizing profits.

MoonLite’s ICO is Almost Over

MoonLite’s ICO is currently live and is set to end in less than one week.

The project is set to begin operations in August 2018 at which time it will start its journey to becoming the largest cryptocurrency mining companies not only in Iceland but on the planet.

You can learn more about the MoonLite project, peruse the whitepaper, check out its industry-leading team and get invested on its official website.

What do you think of MoonLite’s journey to becoming one of the largest cryptocurrency mining companies on the planet? Do you think the project’s ability to secure all the necessary energy deals in Iceland proves its ability to succeed? Let us know in the comments below!

Images and media courtesy of MoonLite, HS Orka

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As DApps Look Set to Hit the Headlines in 2018 Cryptocars Supercar Smart Contract Game Is Making All the Right Moves

Sat, 03/17/2018 - 16:00

Some are saying this year is going to be the year that gaming dominates the crypto headlines, and from what we have seen so far it is not something we would like to short.

Billions of gamers worldwide have been buying into tokenized gameplay for many years, with all manner of in-app purchases for coins and other digital items. However, the blockchain now has the potential to disrupt the gaming sector forever, by decentralizing ownership of these digital assets on the blockchain using smart contracts, in a similar way the internet and mobiles changed the way we now play games.

The past few months have seen some jaw-dropping blockchain games reach mind-boggling amounts of Ethereum flow into them and taking into account ERC721 token only “birthed” in late 2018 this is quite a remarkable level of growth even for the relatively booming gaming sector. The digital scarcity token space or crypto collectibles to give it one of many names being coined at the minute, all started with CryptoKitties and then moved onto trondogs, robots, countries, and celebs among others.

CryptoCars is one of the first games we have seen launched to have a long-term plan for gameplay, and rewarding “hodling”, a game that doesn’t just involve buying and selling digital items until “the greater fool” is found. CryptoCars have produced a white paper, very unusual for crypto games, and it all looks impressive and sounds very promising but they will need the support of the community and a talented dev team to pull it off but so far they seem to be making all the right moves.

The race is on to be the first off of the starting grid with new Dapps launching each day, but the key to winning the crypto gaming wars is through the community. This sector is evolving very quickly and the winners are going to be the ones who position themselves at the heart of the community and let the future direction be guided by the gamer community itself. So far CryptoCars seems to be building up a very loyal following and time will tell where this wild west frontier of gaming will go.


Now it is possible to buy, collect and sell CryptoCars Smart Contracts as a valuable and one-of-a-kind collectible using the Ethereum blockchain. Many dream of owning Lambo’s and Ferrari’s and now it is possible to be the only person in the world to own CryptoCar Smart Contracts for such desirable cars like the Bugatti Veyron, Ferrari 250 GTO or maybe your taste pushing you towards going for the Tesla Roadster which is being touted as the fastest production car ever.

The moment a Smart Contract is purchased, it is automatically relisted on the marketplace, and the price tag is now doubled* The owner might not own that CryptoCar for long! When somebody else buys the Crypto car at the current price list in the marketplace, they will automatically take control of your CryptoCar Smart Contract taking ownership from you. Although the owner will lose the CryptoCar card, they will be paid up to double the amount originally paid in ETH by the new owner.

James Bradshaw spokesperson for said:

As the crypto gaming sector matures and we start to see the trading of digital assets becoming more popular, driven in part by an increasing demand for game players to own and trade virtual assets on the blockchain we want to build a platform that is powered by a community that has a huge influence of the future direction of the whole sector.

CryptoCars runs on the Ethereum blockchain, meaning each CryptoCar is linked to one unique Smart Contract Token on the Ethereum blockchain. In order to purchase a CryptoCar Smart Contract choose the supercar you want and you send Ether to the contract using Metamask.

If somebody else wants to buy one of the current owners CryptoCar Smart Contracts, the buyer has to pay double the amount paid for the original purchase. Ready to get started? All that is needed is to Register and Sign In and then download the MetaMask Smart Wallet Google extension or FireFox Plugin.

* The increase in price doubles up to 1 ETH then slows down in the increases after.

The team at have released a whitepaper that lays out the plan to release the game phases.

Phase One – CryptoCar Contract Launch

During this phase, we will be launching the Cryptocar Smart Contracts. You can buy, collect and sell your Cryptocar Smart Contract as a valuable one-of-a-kind collectible using the Ethereum blockchain.

Phase Two – Racetrack Smart Contract Release

During this phase, we will be releasing the Racetrack Smart Contracts. We will soon (March 2018) be announcing a very exciting promotion method that we will be using as a way of distributing the 300 Circuit Smart Contracts. The Racetrack contracts will be rewarded to the highest rolling players in the game. The initial price of the racetrack smart contract awarded will be set at the total value of all cars in your garage at the end of the promotion.

Phase Three – Driver Contract Release

This will see us add the Driver Smart Contract. Every player can create their own profile which is stored on a smart contract and this will be on the blockchain forever.

Phase Four – Car Rental Begins

For the current Cryptocar smart contact owners, this will be a way to generate extra income while owning the Cryptocar Contracts. The higher the Value of your Cryptocar the better it will perform in competition and will, therefore, demand higher rent.

Phase Five – Let’s Get Ready to Race

You can choose to enter a race with Ethereum or Cryptocar Credits. All races will have a predetermined number of racers; when all race positions are filled the race is run and the winners are rewarded in the selected currency. The race winner is determined by our custom race algorithms that will take many factors into account like driver statistics, vehicle value and track compatibility just to mention a few.

Responsible Gaming

The key to successful gaming is to remember that it is only a game and is meant to be fun. When you play games, you compete against other players and your skill and strategy hopefully influences if you win or lose. Gameplay should not be about those who stake the most or some kind of high stakes reckless strategy. Think about your strategy and do your research, start small and build up value through gameplay and skill.

Sometimes it is good to take a break from gameplay, take a walk in the park, go the movies, cook some nice food or whatever else spontaneous comes to mind. This crypto gaming and in particular crypto collectible gaming is a new sector that has the potential for huge growth but you should have realistic expectations. Join the community, ask questions, give suggestions and together we can be a part of something very exciting.

You find more information at or read the whitepaper here.

Images courtesy of CryptoCars

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Upstate New York Forcing Out Cryptocurrency Miners

Sat, 03/17/2018 - 16:00

Looking to take advantage of low-cost electricity, cryptocurrency miners have set up shop in upstate New York — but municipal power authorities and locals aren’t welcoming them.

On Thursday, the New York State Public Service Commission gave upstate municipal power authorities the power to charge higher rates to companies, which mine cryptocurrency.

According to a release from the Commission, the ruling was a necessary measure to prevent the rise of local electricity prices for existing residential and business customers. Due to the increased demand for energy from large-scale cryptocurrency mining companies, the Commission felt the need to “level the playing field.”

Said Commission Chair John B. Rhodes:

We always welcome and encourage companies to build and grow their businesses in New York. However, we must ensure business customers pay an appropriate price for the electricity they use. This is especially true in small communities with finite amounts of low-cost power available. If we hadn’t acted, existing residential and commercial customers in upstate communities served by a municipal power authority would see sharp increases in their utility bills.

The Commission’s ruling came after the New York Municipal Power Agency (NYMPA) — an association comprised of 36 municipal power authorities — requested action be taken against high-density load customers.

NYMPA cited a negative impact on local power supplies after cryptocurrency mining companies seeking to benefit from the region’s low-cost electricity. According to the Commission’s release, “disproportionately large amounts of power” have been requested in recent months by server farms looking to mine cryptocurrency.

NYMPA also claimed that cryptocurrency mining companies “do not bring the economic development traditionally associated with similar load-sized companies” — due to the fact that cryptocurrency mining requires a relatively small workforce compared to other electricity-intensive operations.

NYMPA also claims cryptocurrency mining companies “make little to no capital investment in the local community.”

The change in electricity pricing is expected to drastically increase the costs associated with cryptocurrency mining in upstate New York.

This news also coincides with Plattsburgh’s outright ban on cryptocurrency mining, after residents’ electricity bills skyrocketed. The Commission’s release notes:

Had the new rates been in place in January, the two cryptocurrency companies in Plattsburgh would have seen a more than 60 percent increase in their monthly electricity costs.

What do you think about cryptocurrency mining’s impact on local residents’ and businesses’ energy costs? Let us know in the comments below!

Images courtesy of Bitcoinist archives, Shutterstock.

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Despite Recent Volatility, Majority of Financial Experts Remain Bullish on Cryptocurrency

Sat, 03/17/2018 - 14:00

Despite recent market volatility and declining valuations, more than half of investors exposed to cryptocurrency plan on purchasing more over the next year.

Undeterred Optimism

Research conducted by international communications agency Citigate Dewe Rogerson has revealed that 56 percent of cryptocurrency investors are planning on purchasing more digital assets over the next 12 months.

Meanwhile, 31 percent of cryptocurrency investors are planning on holding all or selling some of their digital assets, while 8 percent plan on dumping it all.

Recent weeks have seen the prices of cryptocurrencies plummet. At press time, Bitcoin (BTC) is trading at $8,346.50, which is well off its all-time high of over $20K. Likewise, Ethereum (ETH) is trading at $608.65, Ripple (XRP) at $0.68, Litecoin (LTC) at $164.10, and Cardano (ADA) at $0.17 — all significantly lower than their peaks a few months ago.

Nevertheless, financial professionals reported optimism to Citigate. 54 percent noted that they expect the valuations of cryptocurrencies to rise over the next 12 months, citing increased regulation and adoption as positive drivers in price. On the other hand, 32 percent expect a drop. The same percentage of respondents also expect a “dramatic” increase in cryptocurrency valuation from now until 2021.

Citigate Dewe Rogerson executive director Phil Anderson told City A.M.:

At the start of the year, the market capitalisation for cryptocurrencies was around $800bn (£577bn), but by 2021 over half of the financial professionals (59 per cent) we interviewed expect it to be over $1 trillion, while 15 per cent anticipate it to be more than $2 trillion.

This positive sentiment mirrors that of others in the financial industry — like Bitwise Asset Management Vice President of Research and Development Matt Hougan, who stated last month his belief that cryptocurrency is a multi-trillion dollar opportunity. Hougan explained:

The road between now and trillions of dollars will be extremely rocky … we could get there in a few months. We could get there in a few years. We could go down 50% before we get there … [but] I think the pathway to a trillion dollars eventually is fairly certain. How we get there is going to be volatile and uncomfortable. I think we’ll get there pretty soon, though. I wouldn’t be surprised if we ended the year with an accumulated market cap over a trillion dollars.

Are you planning on increasing your cryptocurrency portfolio, or are you looking to simply hold on to what you’ve got? Do you have plans to sell it all? Let us know in the comments below!

Images courtesy of AdobeStock, Bitcoinist archives, and Pixabay.

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James Jones – CEO at Chartbuster Games joins Zerocoin – Crypto Currency for Gambling

Sat, 03/17/2018 - 13:00

ZeroEdge is extremely excited to announce that digital pioneer and digital media executive, James Jones has joined the ZeroEdge advisory team.

With over 20 years digital media and entertainment leadership James has held numerous top executive positions at multiple international companies within entertainment and gaming industries. James has a strong background in major intellectual property development working with iconic brands like Transformers, Lord of the Rings, Monopoly, and Dungeons & Dragons.

Currently, James is a CEO of Chartburster Games – a Mobile, AR & VR games publisher which also provides services such as game monetization, players acquisition, community management and more.

“Having someone of James’s stature on board is a huge boost to our project,” said Adrian Casey, CEO of ZeroEdge.Bet, before adding:

James’s experience in digital media and intellectual property development along with his extensive knowledge of the gaming industry means that his advice will be invaluable as we work to ensure Zerocoin’s success.

James has such a strong track record that there’s no doubt his appointment will help the ZeroEdge.Bet ICO and help us grow our platform.

ZeroEdge.Bet – Revolutionary Online Gambling Platform with 0% House Edge Games

ZeroEdge is a unique concept set to revolutionize the way you gamble online. Currently, all online casino games come with a house edge, i.e. the advantage that the casino has over you, which varies between 1% to 10% or more, depending on the game. ZeroEdge’s solution – offer games with 0% house edge and give players a completely fair chance of winning. In other words, playing at ZeroEdge.Bet is literally free, you don’t have to pay anything to the casino like it’s with traditional online casino sites.

The most amazing part is that Zerocoin value increases as more people join the world first 0% edge gambling platform. It is all achieved by creating a closed-loop economy in which high demand for 0% games drives Zerocoin’s value up. This model is also known as Metcalfe’s law which was originally invented in 1993 and can be seen in the actual Bitcoin’s price growth. Zero Edge offers a unique gambling model which potentially could revolutionize the $70 Billion gambling industry. Players won’t be losing money but instead earning from the increasing Zerocoin value.

We have made a survey & asked hundreds of people about their gambling preferences and experiences.  The main finding was that 99 % of them stated that they would choose 0% house edge games to play if such games were available. High demand for the world’s first 0% house edge games will increase the Zerocoin value exponentially. An important task for us will be to educate the players and raise their attention to this beneficial concept.

Zerocoins (ZERO) will be available to investors during an upcoming ICO. Visit to find out more.

Images courtesy of ZeroEdge.Bet

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5 Altcoins Likely to Outperform Bitcoin for the Week of March 17, 2018

Sat, 03/17/2018 - 11:00

The cryptocurrency markets are eagerly demonstrating how truly volatile they are. However, their volatility provides unique opportunities to find undervalued coins with major events in the next two weeks. The 5 Altcoins To Beat BTC Returns this Week are SNOV, ZER, MTH, ETH & MTL.

Altcoins to Focus On This Week: SNOV, ZER, ETH, MTH, and MTL

This week’s altcoins worth shifting immediate focus to all have very exciting upcoming events. The market correction the last week allows for these coins to be attained at a huge discount from their all-time highs. This week’s coins requiring immediate attention include SNOV (Snovio), ZER (Zerocoin), ETH (Ethereum), MTH (Monetha), and MTL (Metal).

These five cryptocurrencies have major announcements, events, presentations, and platform updates prior to the conclusion of March. Events of this magnitude provide a catalyst to boost the price of the underlying cryptocurrency in the immediate short term.

Between the five highlighted cryptocurrencies, technical analysis points to the highest short-term returns coming from ZER (Zerocoin has the smallest market cap and largest percentage decrease since January) or SNOV (releasing their marketplace prior to the end of the month).

Utility increases the value of the underlying crypto with the top gainers from the past month all having dramatically increased their utility (LTC, DGB and BCPT). Many of the cryptocurrencies on this week’s list intend to dramatically increase their utility which should result in an immediate increase of the crypto’s value.

Current Market Sentiment

The market the past week has opened up many buying opportunities in the crypto space, especially for altcoins. The last ten days have been filled with multiple FUD events that continue to pressure crypto markets downward. These events have dramatically impacted the price of altcoins this week (some more than others):

  1. Regulatory Actions (SEC and U.K.)
  2. Gox Bitcoin Dump
  3. Alphabet (Google) Banning All Crypto Related Ads
  4. Scam ICO – Giza

These four events shifted the market cap of the entire crypto market from $470 billion March 5, 2018, to $330 billion Friday, March 16. However, a decrease of over 30% in total market cap provides for some true bargain altcoins.

Snovio – SNOV (Marketplace Launch)

SNOV is a smaller market cap cryptocurrency that specializes in decentralized lead generation. The platform rewards contributors in tradable SNOV tokens. However, this platform and concept are strictly hypothetical. Until the SNOV marketplace is released within the next two weeks.

SNOV has promised to have their marketplace launched by March 31, 2018 (or earlier). Currently, the SNOV token has no utility excepts its ability to be traded. In under two weeks, the SNOV token will greatly increase its utility once the marketplace is launched.

Tokens are useless without an actual utility. With a coin price of $.03 and a market cap of $13 million, it is likely SNOV sees exponential gains when they release their marketplace and establish utility for their token within two weeks. The goal is not to purchase SNOV the day before marketplace release, but with enough time to enjoy the price increase leading up to it.

Zerocoin – ZER (New Exchange Listing and Wallet) 

ZER is the smallest market cap crypto on this list and truly has the highest likelihood of an exponential climb in the coming weeks. They are valued at $0.93 per coin with a market cap of $2.5 million. January 9, 2018, saw ZER surpass the $12 per coin mark. That means while BTC and most coins have corrected 40-70%, ZER has fallen over 93% since its all-time high.

Currently, ZER is only listed on one exchange and its catalysts for a major increase in value are their upcoming announcements of a major exchange listing and a new wallet.

ZER has promised to have their mobile wallet released and a large exchange announcing the listing of their crypto by March 31. ZER’s utility is about to increase significantly. The addition of a wallet while boosting volume and publicity with the announcement of a new exchange will greatly increase ZER’s short-term value. The ZER team and concept are both impressive and revolutionary. This week should provide a huge boost to ZER’s value with a wallet about to be released and a major exchange listing announced.

Ethereum – ETH (SEC News) 

The SEC’s reiterated news was horrible for ETH wasn’t it? It depends who you ask. The general public and overall market sentiment will be screaming, “the SEC news was horrible for ETH.”

This is not necessarily true. It was horrible for the short-term price evaluation of ETH causing it to tumble even more than BTC during the prior two-week period. However, more regulations in the crypto space are not bad for Ethereum in the long-run.

If ETH continued to release ICOs that turned out to be scam or fraud related they very quickly would lose their reputation of being one of the most reputable in the business. The SEC getting involved may diminish their business in the immediate short-term but should allow for many more, legally started, ICOs in the near future.

ETH is currently valued at $611 with a market cap of over $60 billion. March 4, 2018, ETH was trading at $865 and since the ‘negative’ SEC news has fallen more than 25%. Normally market cap coins of this magnitude do not make the “altcoin” list.

However, with ETH having overreacted to the most recent SEC news they are likely to experience a significant boost in value in the short-term. ETH is one of the few cryptocurrencies with teams and the financial backing to attend any conference they chose.

This week was no different as the co-founder of ETH, Joseph Lubin, presented as a Keynote speaker for the South by South West (SXSW) conference in Austin, TX. Clearly, blockchain technology is here to stay and cryptocurrencies that overreact to current events are prime opportunities for above-average returns in the short-term.

Monetha – MTH (First Product Milestone)

MTH falls into the category of adding utility to their token in the next two-week period. MTH is fairly clear that the date of their first product will actually be March 31, 2018. Many of the other cryptos on this list state “March 31 or earlier” MTH is specifically for the 31st. Timing is everything in crypto as it is essential to have purchased prior to the date of the important announcement. In this case, their first product milestone on March 31, 2018.

MTH is valued at $0.10 per coin with a market cap of $22 million. Adding the slightest bit of utility will dramatically increase both of these numbers. January 12, 2018, MTH was trading at $0.59 more than 500% higher than where it is priced today. The largest milestone in MTH’s development is occurring in two weeks yet the price is 80% lower than where it was in January.

Look for MTH to rapidly appreciate leading up to their product milestone March 31, 2018.

Metal- MTL (MetalPay and CEO’s Presentation)

MTL is about to release MetalPay. Without MetalPay currently, MTL has no utility. Their token can be traded on exchanges but besides that cannot be used for anything.

When MetalPay is implemented the utility of the MTL token increases along with the underlying value of MTL. The concept behind MTL is incredible. Most crypto currencies transactions speed are ‘slow’ compared to MTL with all having fees above MTL’s. This is because MTL plans to pay the user to send crypto. Yes, they actually intend to reward users up to 5% for each purchase they make using MTL, with no transaction fees.

MTL is turning the crypto world on its head by inversing the current fee structure. Instead of there being exorbinant fees to transfer crypto, now merchants and individuals using MTL will actually receive a multiple percentage dividend each time funds are sent or received. Their CEO Marshall Hayner is one of the top figures in the crypto space and will continue to push MTL towards a successful launch of MetalPay.

MTL was trading over $10 in January and is currently $3.67 per coin with a market cap of $81 million. Following the successful release of MetalPay their January highs should be quickly approached as MTL will revolutionize the fee structure of sending crypto.

Conclusion – Utility Increases Value

The number one factor that determines a cryptocurrency’s value is the underlying utility. ETH was able to buck the trend of collapsing crypto markets through most of January. This was because ETH was still regularly sought after for use in ICOs, Ethereum Dapps, etc.

ETH remained valuable due to ETH’s utility. Each of the coins listed have important reasons their utility dramatically increases in the following two weeks. As the dates of their utility increase approach, the value of the corresponding currency should similarly increase. Altcoins can expect a dramatic increase in value following the successful launch of a platform, announcement of an exchange, or any other major update increasing a coin’s utility.

The next few weeks have major events planned for: ETH (Ethereum),  SNOV (Snovio), ZER (Zerocoin), MTH (Monetha), and MTL (Metal). The recent market correction has allowed their prices to be extremely desirable leading up to their major events.

To read the King’s prior articles, to find out which ICOs he currently recommends, or to get in contact directly with the King, you can on Twitter (@JbtheCryptoKing) or Reddit (ICO updates and Daily Reports).

What are your thoughts on these altcoins? Will you be buying or selling? Let us know below!

Images courtesy of Shutterstock, Monetha

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GIFcoin Shares Profits from Online Betting Through Successful VitalBet Platform

Sat, 03/17/2018 - 09:00

Recently-launched ICO GIFcoin wants to reshape the way we interact with online betting websites by allowing individuals to have a share of the involved revenue. With their successfully operating VitalBet platform, the GIFcoin team plans to execute this vision with participants being rewarded with profits.

A History of Affiliate Success

GIFcoin’s history began way back in 2011, when a team of experts came together to create a number of products related to the affiliate marketing space. What they then realized was the potential behind betting and gambling affiliate programs as the most profitable. After building their initial business through betting and slowly exiting other affiliate spaces, the team entered the U.K markets, increasing both their affiliate catalogs and profits.

Plenty of projects in the cryptocurrency space share their concepts and raise money all while rarely providing any deliverables. The GIFcoin team have already created their core product, VitalBet, which operates to this day as a successful online betting website. Covering all major sports, VitalBet soon after its launch introduced Bitcoin as a payment option and began to rub shoulders with the cryptocurrency community.

At the moment, VitalBet is one of the few bookmakers to accept cryptocurrency and will soon accept a plethora of digital assets after development is funded through their ICO. The initial integrations will see the platform add Ethereum, Litecoin, Ripple, and Dash, and other liquid digital assets as time goes on.

One of the main pitfalls users face when interacting with online betting websites is unintelligent designs coupled with clunky user experiences. The GIFcoin team plans on outfitting VitalBet with a simple-to-use, aesthetically pleasing design to allow users to process their transactions on the platform with ease and simplicity.

VitalBet Breaking Barriers

VitalBet’s path to success has already been outlined by the team and it includes large advertising campaigns, license applications, a new affiliate program, an upgraded staff, and plenty of payment options. By turning VitalBet into a household brand through sophisticated marketing techniques, they are sure to capture a wide audience to start using their platform.

With a $484 billion market contained in the online gambling space, capturing a slice of that with innovative techniques and smart engineering should be an easy bet to place on GIFcoin and VitalBet.

VitalBet has already made a splash in the online betting industry, by placing as the 71st highest ranking bookie on the internet against other online betting platforms. Their vision includes continually moving toward the top, as the team projects that they will be one of the top 15 bookmakers online by 2020. By combining an efficient platform along with their projected milestones, VitalBet is poised to truly take over the online betting space.

GIFcoin: Sharing Wealth with Platform Participants

At the center of the platform is GIFcoin, which will grant participants and holders access to 80% of VitalBet’s annual net profits once a year. The distribution phase will involve a full report that is conducted initially, followed by an annual profit share in Ethereum. GIFcoin’s plan to audit and distribute involves a full snapshot of the blockchain right before the distribution period. ICO participants will be notified in advance on the GIFcoin website, and by email.

The GIFcoin sale features 300,000,000 total tokens with 10,000,000 already being sold out. The sale has a soft cap of 5,000 Ether and a hard cap of 24,000 Ether set in order to be able to build out their gambling investment fund.

GIFcoin is currently in the first stage of their main ICO. There are seven stages in total, each with its own bonus and token threshold:

Stage Bonus Token Threshold Stage 1 60% 6,400,000 GIF Stage 2 40% 7,000,000 GIF Stage 3 30% 7,800,000 GIF Stage 4 20% 8,400,000 GIF Stage 5 15% 92,400,000 GIF Stage 6 10% 77,000,000 GIF Stage 7 0% 61,000,000 GIF

For more information about GIFcoin please be sure to check out their website. To read more about the project, check out either their lite paper or their white paper. Lastly, the GIFcoin team is always available in their Telegram and on Twitter to answer any questions.

Do you think GIFcoin will revolutionize the way individuals participate in online betting websites? How do you feel about tokens that involve revenue-share models as their selling point? Let us know in the comments below!

Images courtesy of GIFcoin, Pixabay

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Brave New World: Why the Crypto Revolution Shapes the Modern Individual

Sat, 03/17/2018 - 07:00

As a college student, I often ask myself about where I stand amidst the overarching reach of our institutions and the demanding responsibilities of public life. While many everyday actions seem impermanent – or overshadowed by the immensity of the collective – I have been thrown into a circumstance where I have regained my status as a genuine individual. In the world of crypto assets, I have never felt so defined and well-placed.

[Editor’s note: The following article is an op-ed by Antonio Grumser, an undergraduate student at Georgetown University and co-founder at Potomac Crypto Capital LLC.]

For almost 150 years now, Americans have been fed a diet too heavily reliant on trust in arbitrary third parties. Our corporate environment – responsible for shaping individuals like Andrew Carnegie, Henry Ford, and Elon Musk – has also hosted our nation’s most important discoveries and breakthroughs. We have created the world’s most influential financial institutions and have dominated the world economy for decades. But recently, the fallibility of our careful creations have started to reveal.

For the most part, we must blame our allegiance to arbitrary third parties. Upon creating economic regulations, America developed a framework where credit rating industries and central banks could control the industrious entrepreneur. Due to institutions like these, big banks under failed leadership got saved from default, and unworthy bonds fooled Americans with their AAA ratings.

Regulators like these  – ‘anointed’ and ‘divine’ in their original promise – have propelled us into two economic recessions and have created today’s uncertain political and economic dynamic. As a result, the individual has been overshadowed, and his freedom threatened.

Although abruptly saying au revoir to the conventional and corrupt is dangerous, the most sincere attempt to fix their blatant failures is found in the crypto and blockchain space. Offering a technological platform and method of communication that is immutable and transparent, Bitcoin technology is destined to one day dominate the financial world.

Instead of issuing our trust to a governmental institution or rating agency, we delegate it to the majority of the network’s nodes. Instead of waiting three business days for our banks to complete a wire, we prefer to wait only about 10 minutes for the transaction to clear in a completely trustless and transparent process. Instead of living with our private information being exposed to the public, we prefer a conveniently incognito but remarkably complete alternative.

Bonjour, Brave New World.

The world of crypto startups acts like a marketplace of ideas, and in this world, there is a strong legislative of opinion that continually gauges the legitimate values of these ideas. Creations like Bitcoin and Ethereum have become familiar names not only because of their brilliance but because of their applicability.

While the fallacy that most crypto-creators are con-men perpetuates, we are blinded by mischievous governmental organizations. While it is true that some individuals in crypto arbitrarily create value and master pump-and-dumps, it is more the exception than the rule. In most cases, where the conventional and the modern diverge, the counterculture and the entrepreneur converge, creating precise solutions to real-world bureaucracy.

You never change something by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.

– Buckminster Fuller

The tsunami of technology will continue to advance without regard. While security and individuality are bound to become dead corals in this sea of destruction, crypto assets and their blockchain underpinnings will enable individuals to maintain their identity and security while utilizing breakthrough tech. By using blockchain technology, healthcare, banking, and informational industries will be able to communicate and store information about individuals through safer and more efficient means.

Cryptos redefine the collective in a way that places strict emphasis on individual components. While the meaning and functionality of the individual have become diluted by large government and their misconceptions of responsibility, crypto assets reintroduce the importance of the individual.

In the crypto world, the individual is a completely autonomous unit, and if one chooses to engage in any transaction, it will be dealt in a decentralised manner. The beauty of crypto assets is that its decentralised approach creates a cautious libertarian efficiency. The individual – put on the highest of pedestals and designed to be the essence of every crypto formula – has finally redeemed its dignified place. Our insurmountable trust in the collective has proven to be our Achilles heel: the individual, after all, cannot be shadowed.

The disturbances of bureaucracy seldom affect the crypto world as opposed to its corporate counterparts. The world of crypto offers no space for regulation, crypto-workers-unions, constructed hierarchies of power, or political faction.

Yet these alternative assets are far from perfect and the precision of their technological developments has not always been surgical. The crypto space still faces serious questions regarding security and infrastructure. Given this, our interaction with the crypto world requires great responsibility to guide it through its nuanced beginnings.

What is my place in all of this? Being situated at the convergence of two opposing eras, I have chosen to acknowledge the old but invite the new. It could very well be that these both worlds are not so diametrically opposed and that their coexistence is preferable to an adapting society.

As entrepreneurs and forward-thinking individuals, we should find ways of gauging our failures and meticulously implementing solutions. In the crypto world, it happens to be that the essence of its unknown lays in the discovery of its value.

What are your thoughts on the nascent crypto world? Can it help people reclaim their individualism? Share your thoughts below!

Images courtesy of Shutterstock

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Squeezed! Florida Department of Citrus Employee Arrested for Mining Cryptocurrencies

Sat, 03/17/2018 - 04:00

A manager with the Florida Department of Citrus was arrested on charges of grand theft for using state resources for mining cryptocurrencies.

A common joke is that government employees can waste a great deal of taxpayer money and never get in trouble. Such is not the case with a manager with the Florida Department of Citrus, who found himself in hot water with law enforcement. The manager was recently arrested by the Florida Department of Law Enforcement (FDLE) on the charges of grand theft. His crime? Using state resources for cryptocurrency mining.

Putting It on the State’s Tab

The state employee in question is Matthew McDermott, age 51, who works as an IT manager for the Department of Citrus. His actions raised the suspicions of the agency’s Inspector General, who then contacted the FDLE.

The ensuing investigation found out some interesting things about the IT manager. First is that he used his P-Card (purchasing card) to order $22,000 worth of goods in the latter half of 2017. Included in his purchases were 24 GPUs.

The second tidbit noted in the investigation was that the utility bill for the Department of Citrus rose by a whopping 41% (roughly $825) between October 2017 and January 2018. One would think that a guy in IT would be aware of the massive energy consumption used for mining cryptocurrency.


The FDLE investigation found that McDermott was was part of a mining pool and using state resources for his virtual currency mining efforts. He was arrested for grand theft and booked on a $5,000 bond (or .61 BTC) at the Polk County Jail.

Due to the $22,000 used to buy equipment, McDermott can be charged with Grand Theft of the Second Degree. The possible penalties for such a felony are up to 15 years in prison, up to 15 years of probation, and a $10,000 fine. Sadly, there is no report on how much cryptocurrency that McDermott earned through his illicit mining activities.

The executive director of the Department of Citrus, Shannon Shepp, said the following of the investigation and subsequent arrest of Matthew McDermott:

We are grateful for the swift and professional actions of the Florida Department of Law Enforcement. This is a breach of ethics that is far outside the character of the Florida Department of Citrus and the industry we serve. Fortunately, our agency has internal controls that detected suspicious activity, and our Inspector General immediately notified the proper channels. We will continue to work with FDLE and the court system through this process.

What do you think about this case of a state employee secretly setting up a cryptocurrency mining operation at work? What will his punishment be? Let us know in the comments below.

Images courtesy of Pixabay and Shutterstock.

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Crypto Real Estate Transactions Are Here – Here’s How They’ll Impact You

Sat, 03/17/2018 - 01:00

Cryptocurrency may not be mainstream yet, but it’s well on its way to be. Due to the blockchain’s revolutionary power and abilities, it’s no surprise that as cryptocurrency progresses in changing the financial landscape, it impacts other industries along the way. Real estate is no exception—and for that, we should be grateful.

Real estate is an industry that impacts us all. Everyone needs a place to live and work, right? Unfortunately, the real estate industry is also one of the most convoluted and painful to deal with (did you just nod your head in agreement? I think you did). Because there are so many steps and processes involved, it’s an opportune landscape for fraudsters to lay their traps. Files can be hacked, scams can be enacted, bureaucracy allows for things to get lost… it’s a scary world to deal with and operate in.

However, blockchain has the power to change that. Because of its ability to record every change and transaction made on it, blockchain is incredibly transparent. It’s a lot harder for things to get lost or altered without consent when all parties involved are able to monitor information.

The Punctual Abstract says that blockchain-based “digital certificates would be linked to a single real estate property in the system, which would make it impossible for an actor to sell a property they don’t own. It would also make it impossible for a fraudster to put themselves between the buyer and the title company to steal funds.” Real estate will look like a much more unattractive nesting ground for scammers when they have no hiding places.

Using cryptocurrencies for real estate transactions also reduces (if not outright removes) the need for third-party verification. One of the highest costs of transactions “arises from transaction friction due to so many middlemen (think escrow, title, insurance, brokers). The blockchain allows all transactions to happen peer to peer, with no middlemen and with all information recorded in a fully transparent manner.”

Imagine that — direct, authenticated transactions without someone else having to do it for you. Crypto real estate transactions might be increasing in popularity due to this particularly desirable aspect alone!

So who are the new participants in this crypto-readied real estate world? Deedcoin is a tokenized platform that “replaces the way customers find their next real estate agent. Instead of choosing a random 6 percent commission agent, customers access [the] platform, input their property information, and link up with their local Deedcoin agent for 1 percent commission.”

What does that actually look like? For example, “a family with a $300,000 home for sale can continue their lives while they get a full-service local agent and tech-based platform for ⅙ the regular cost. This family can pay a fair price of $3,000 to sell their home instead of losing $18,000 of the most valuable thing they own with a traditional agent.” Property owners in the United States stand to lose $900 billion in commission fees out of the total $15 trillion they hold. Deedcoin isn’t for buying homes, but it helps you save 80 percent or more on commission fees and hooks you up directly with an agent.

So while Deedcoin helps you with the agent side, Real Estate Revolution (REX) helps you find listings. Because their database is decentralized, you can search for properties worldwide, and it minimizes listing fees and elongates listing exposure. REX is also prepared “to provide universal access to real estate information and streamline the transaction process.”

And then there’s Muirfield, a “private equity real estate investment firm” that focuses on “value-add and opportunistic investments across all real estate sub-sectors” to deliver “flexible, creative, and scalable capital solutions to high-quality, high-integrity Sponsors.” Muirfield can attest to blockchain’s power because transactions are streamlined. There aren’t any transaction fees, so they are made quickly and securely.

Ragnar Lifthrasir, the International Blockchain Real Estate Association Chairman, says, “In a year people will be surprised at the marquee real estate companies who are adopting blockchain.” It’s not just because listings and transactions are more secure; it’s because blockchain can be used for all sorts of things, like title registration, smart contracts, and transferring conventional money.

What if you’re not buying or selling property? Blockchain can still affect apartment residents because “owners of flats in apartment buildings often make decisions affecting shared infrastructure, such as major repairs or works on common areas, by voting. Distributed ledger technologies would guarantee reliable remote voting and give owners the certainty that their votes have been registered correctly.” That’s right; blockchain can be used for decision-making. Even if you don’t need tokens to transfer property (or related documents), you can use the technology across numerous facets of the real estate industry.

How do you think blockchain will affect the real estate industry? Let us know what you think in the comments below.

Images courtesy of Flickr, Shutterstock

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We Want Our Personal Data back – But Are We Really Going to Stop Using Google Chrome or Safari?

Fri, 03/16/2018 - 23:00

The current state of digital advertising is interesting, to say the least. It’s dominated by a very small number of extremely powerful and influential companies, who harvest our personal data for an enormous reward.

To give you an idea of the scope of the issue — Google and Facebook alone account for 70% of online ad revenue. That’s two companies, together responsible for a significant majority of all the advertising revenue on the internet.

This duopoly has come into existence largely thanks to our personal data. Google and Facebook both have access to a minefield of information about individual users, from your political leanings to your favorite sportswear brands.

This personal data is taken without any consultation with users and deployed in advertising without compensating the people that provided it in any way.

People want to regain control of their data, exercise more choice over who gets to use it, and get rewarded fairly when businesses make billions of dollars from it.

But at the same time, we don’t want to stop using services like Google Chrome which have a ton of great benefits.

So, what’s the answer? First, let’s get into why data is so important and how it’s being misused.

The Data Issue

Facebook and Google have access to our data, but that doesn’t quite explain how they’re able to make so much money from it. On its own, personal data is fairly useless.

The money comes from selling this data to advertisers, who can use it to construct accurate profiles of users and target ads to the right people. Facebook knows you love pancakes because of all those pancake-themed pages you like. Now, pancake companies can buy that data and target ads directly at you.

In theory, this benefits everyone because advertisers don’t waste their ads on uninterested users, and you get to see ads for things you like instead of irrelevant nonsense.

Unfortunately, data sharing is complex and there are no direct links between advertisers, content publishers, and users. This means a lot of the time we end up with poorly targeted ads for things we couldn’t care less about. Annoying for us, and wasteful for advertisers.

The solution is to build a platform where advertisers, publishers, and users can communicate better and share data in a more direct way that benefits everyone — not just monolithic content platforms.

The good news is that several companies are working on this right now. The bad news is, many of them are flawed.

The Current Solution

One company aiming to reform the world of online advertising is BAT. It’s a platform where advertisers can interact with content publishers and access their followers (people like you and me) with more tailored, accurate ads.

In return, publishers are rewarded with tokens. Users gain control over their data and see less spammy, irrelevant ads.

There’s one issue — it all happens in BAT’s very own browser.

For most of us, that’s not ideal. Google might have its faults, but Google Chrome is a fantastic piece of software with solid security and a ton of neat features. More than anything, it’s what we’re used to. For these reasons and more, Chrome is the browser of choice for 57.46% of the market. These people aren’t going anywhere.

The same applies to browsers like Safari — they’ve been painstakingly designed to work perfectly for us. The bottom line is that we don’t want to switch.

So how do we regain control of our data and have a more pleasant relationship with ads, without giving up our favorite browsers?

Meet Kind Ads

Kind Ads is a blockchain-based network that works in a similar way to BAT. It gives users more control of their personal data, allowing them to choose who can access it and be rewarded in tokens when advertisers use it.

They only see the kind of ads they want to see, making the process of browsing the internet much more enjoyable. In turn, advertisers get a closer dialogue with prospects and content publishers, allowing them to target their ads more effectively.

Best of all, you don’t need to install a new browser — Kind Ads works with existing software.

Kind Ads also offers something else that its competitors overlook. It aims to make advertising more pleasant by encouraging the use of methods like chatbots and push notifications, which are proven to be both more effective and better received by users.

The underlying technology is a decentralized Ad Network, that’ll work with your existing browsers. In other words, this means more revenues to publishers due to middleman getting taking out of the picture (and fewer fees for advertisers) and most importantly, less intrusive and annoying ads to people.

The goal is to change the way advertising works and shift the power from monolithic tech companies to smaller content publishers and users — with benefits for everyone involved.

Well, everyone except the tech giants. But they can probably afford it.

What are your thoughts on Google, Facebook, and other platforms monetizing your personal data for their own profit without your permission?

Images courtesy of Shutterstock, BAT, Kind Ads

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France Publishes First Cryptocurrency Black List

Fri, 03/16/2018 - 21:00

France’s financial markets authority AMF has created its own blacklist of cryptocurrency websites, which unlawfully target French investors.


Yesterday, France’s financial market authority AMF published its list of 15 websites, which unlawfully ask individuals in the European country to invest in cryptocurrencies and digital assets. Additionally, the AMF has reminded potential investors that digital-currency-related businesses are subject to Sapin II law and that the following websites listed are not compliant.

The AMF names the following websites on its black list:

The AMF’s list follows only weeks after its European counterpart in Belgium published a similar blacklist of illegal cryptocurrency websites that are targeting potential investors.

As noted by FinanceFeeds, the AMF concluded in February that platforms offering cryptocurrencies and related digital assets must follow laws related to business authorization and conduct, in addition to refraining from digital advertising — as defined by the Sapin II law, which strictly prohibits binary options and some CFDs from electronic advertising.

The AMF also deems cash-settled cryptocurrency contracts to be derivatives, irregardless of the specific cryptocurrency in question. Therefore, all online platforms offering cryptocurrency derivatives are governed by MiFID II — which requires authorization, proper business conduct, and trade reporting. However, advertising is seen as a greater concern and is strictly prohibited.

France is no fan of cryptocurrency

France has already made clear its fear of cryptocurrency’s disruptive potential.

Last month, French Finance Minister Bruno le Maire and interim German Finance Minister Peter Altmaier signed a letter to fellow G20 finance ministers, in which they claim cryptocurrencies are not only risky for investors but also threaten long-term global financial stability.

Earlier this week, inside reports claimed that both France and Germany are set to put forth joint proposals calling for strict regulation of the cryptocurrency market.

The European countries’ proposals are said to focus on preventing money laundering and the financing of terrorism, in addition to consumer protection. Rules will also be proposed, which prevent banks from holding cryptocurrency.

Nevertheless, France and friends are said to represent the minority on the European continent and is unlikely to receive much help in its efforts against virtual currencies.

Images courtesy of AdobeStock, Shutterstock

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Ripple CEO: ICOs Better Save Money For Lawyers

Fri, 03/16/2018 - 19:00

Ripple CEO Brad Garlinghouse has claimed that the real “winners” in the cryptocurrency space are lawyers.

Lawyers are licking their chops

As Initial Coin Offerings (ICOs) continue to bombard cryptocurrency investors left and right, Ripple CEO Brad Garlinghouse has stated that entrepreneurs issuing digital tokens would be wise to “save some of those proceeds” for impending lawsuits. Garlinghouse told CNBC at Singapore’s Money 20/20 conference:

Entrepreneurs need to be [going in with their] eyes wide open […] The winners are going to be the lawyers, because they’re going to help you issue the token and then they’re going to help you defend it. Better sometimes to focus on solving real problems for real customers, and not worry about running infrastructure for a token issue, getting listed on exchanges and all the steps that come with that.

According to reports cited by CNBC, ICOs raised $3.8 billion in 2017. That’s a lot of money for a largely unregulated space with minimal protections for investors. Worse yet, roughly 46 percent of ICOs launched last year have already failed.

The CEO of cryptocurrency’s largest centralized company also unsurprisingly supported the US Securities and Exchange Commission’s recent decision, which requires platforms offering “trading of digital assets that are securities” to register. He told CNBC:

There’s a lot of goodness going on, you can leverage blockchain and how you leverage digital assets to solve real problems […] I think most of the ICOs you’re seeing are not real token use cases. They’re really securities, so I think the SEC should regulate that.

Ripple is fighting its own legal battle

The CEO of Ripple knows a thing or two about lawyers and legal fees.

Recently, a San Francisco state appeals court has denied Ripple’s attempt to expedite an appeal which would resolve a lawsuit against R3 Holdco.

Instead, the lawsuit will likely play out in a New York court — something Ripple is definitely not keen on, claiming the company would likely face “irreparable injury.”

The battle between the two massive blockchain developers is not particularly new, as the pair have been duking it out over more than $1 billion in virtual currency options since September 2017.

What are your opinions in regards to Initial Coin Offerings? Do you think those that fail deserve to be sued? Let us know in the comments below!

Images courtesy of Shutterstock, Bitcoinist archives

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