New Opportunity to Join the Essentia Whitelist

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On Wednesday, May 23rd, 2018 20:00 (SGT), we are planning to open the whitelist for an addition of 2000 applicants.

The KYC/AML procedure was recently opened for applicants interested in taking part in the Essentia ICO. Shortly after the announcement, we received more than 100,000 applications for the whitelist. Due to that fact we had to temporarily close the whitelist application.

Due to increased interest in the project and crowdsale, we decided to grant an additional time window to sign up for the whitelist and perform the KYC/AML procedure.

If you are not sure what you have to do to get whitelisted, check out the dedicated post.

Just a little reminder, Essentia successfully raised over $20m during the pre-sale at the beginning of May. With the pre-sale successfully completed, we will begin with the public ICO on June 7th, 2018. A total of 595 million ESS tokens will then be distributed among all the participants (pre-sale+public crowdsale).

Take part in the coming decentralized revolution!

Join the whitelist on the 23rd of May!

For more information please visit our website and be sure to join the Essentia Telegram.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

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Blackmoon, Nousplatform, ICONOMI and Melonport: revolutionaries of traditional investment

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The intensive development of the cryptoeconomy opened up a wide set of options for new types of investments. The acquisition of cryptocurrencies and tokens of ICO projects have become a substantial alternative to traditional investment options. The prospect of the given direction lies in a rapid tokenization of different assets in different sectors of the economy. Implementation of blockchain technology will change the investment environment forever and will allow purchasing of almost all types of existing assets in digital format.

Currently, certain amounts of crypto funds are formed, offering crypto-asset portfolios and their numbers keep growing. Accordingly, new branches require formation of support tools. These will provide the help that makes it possible to facilitate interaction between market participants and then guide them to a new level.

Recently, in an interview with Yahoo Finance, a known investor-billionaire Warren Buffet expressed his opinion regarding financial investments into cryptocurrency: “You aren’t investing when you do that. You’re speculating. There’s nothing wrong with it. If you wanna gamble somebody else will come along and pay more money tomorrow, that’s one kind of game. That is not investing.”

Buffet’s position, who made his fortune with the help of traditional financial tools, is understandable.  Indeed, the cryptoindustry is a branch that needs to win the trust among ordinary investors. Nevertheless, cryptotechnologies, namely, blockchain and smart-contracts can be used for creation of platforms which provide full transparency of financial operations, which is particularly relevant for any type of investment. That way, the cryptoindustry can get ahead of the traditional investment market, as it gives access to the financial sector to anyone willing to become a player in the market.

Projects such as Blackmoon, Nousplatform, ICONOMI and Melonport are on their way to improve the current investment environment. Their activities are aimed at the creation of a functional ecosystem for interaction between crypto-funds and investors. It should be noted, that the results of their work are already visible for the cryptocommunity to see for themselves.

Key development of Melonport project is Melon protocol, which provides digital asset management, transparent operation history and ability to invest into a fund. There is also a built-in tool, Oyente, that is used for smart-contract analysis and will be responsible for the security of users. Project developers are actively conducting comprehensive system updates thus keeping attention of the crypto community and market capitalization around $44,995,699. Gavin Wood, who was involved in the development of Ethereum and the owner of Ethcore provides support to Melonport, insisting that the system and the concept developed by the team is a significant step in the development of the cryptofund market. However, according to roadmap, full realization of the project should be expected only in the 1st quarter of 2019.  At the moment, Melonport’s team is still engaged with the development of UI and underlying smart-contracts.

Founders of the Blackmoon platform — ex-Vice President of VKontakte, Ilya Perekopsky and ex-manager of Flint Capital fund, Oleg Seydak stated, that they intend to “create a bridge between the world of real investments and a crypto-universe”.

When creating a fund on the Blackmoon platform, the user has the feasibility of attracting investments, the investor, in turn, has a list of promising fiat and cryptocurrency projects to choose from and work with. Blackmoon is known for tokenizing usual investment tools, however, ways of tokenizing the assets are not yet provided on the platform. Therefore, the promised “bridge” is only a “bridge” in a long run.

The ICONOMI team, previously famous for creating a popular cryptoexchange, managed to attract $6 million in a span of 1 month during the ICO. At ICONOMI the comfortable investment conditions are provided by three tools: Index Fund, Performance Fund and Open Fund Management. They open up access to fund analysis, allowing them to take well-informed investment decisions, creating their own funds. And although ICONOMI does not offer the tokenization of assets and does not accept investments in fiat, the system is still very popular and right now its market capitalization is $154,183,393 USD.

Of all the above mentioned projects, according to several ICO-analysts, Nousplatform has all the chances to become one of the most successful service-providers, since only on this platform it’s possible to create different types of funds, tokenize assets and offer them as fund shares, as well as choosing the best funds from a rating built by a special algorithm. According to the project’s concept, access to managed crypto-assets will be provided to investors with any level of seed capital and all kinds of manipulations would be excluded owing to blockchain technology and smart-contracts. Such an approach towards the creation of decentralized funds based on blockchain technology managed to gain favour among blockchain-evangelists and crypto-investors.

It is worth emphasizing that Nousplatform simplifies the process of investment decision-making. This becomes possible through creation of rating and presentation of unified financial data for investment analysis of each fund on the platform. First position on the rating will be taken by funds, which combine maximum profitability, minimum risks and a positive capitalization growth.

The Nousplatform project enters the industry later than its predecessors, but has helped the team to integrate their experiences and mistakes, coming up with a better evolved platform. Having assessed the functionality of the platform, you can immediately notice what solutions that the other projects were missing. Investors who were not quick enough to take part in ICO Blackmoon, ICONOMI or Melonport, now have a chance to purchase Nousplatform project tokens on favourable terms. According to the information on the official website, the pre-ICO stage will be launched on May 20th.

The first tokenized funds of partner-companies will be presented at Nousplatform during the early stages of its launch. At present, the project successfully completed the closed pre-sale stage in which the project managed to gather $550,000. Funds received are aimed at providing further development and scaling of Nousplatform. In the project’s roadmap, the team promises to release a beta-version of the platform before the ICO. We recommend you keep a close look on Nousplatform, because, if the task is completed, it can be safely said that it will create a massive influx of tokens for investors, which means that the demand will significantly outpace the supply.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

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Blockchain Startup Blox.io Launches “Quickbooks for Crypto”

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Tel Aviv-based Blox.io launched Blox Business – “Quickbooks for Crypto” – managing, tracking and reporting platform for crypto assets.

Blox Business is currently tracking and helping companies manage over $2B in various crypto assets and is on track to manage more than 10% of all crypto assets by the end of 2018.

The new platform is already being used by several market leaders such as eToro, Wings, CIVIC, Coinsilium, Aeternity, Chainlinker capital, Startup Token and many others.

Creating Financial Tools For a $500B Industry

Companies like QuickBooks introduced to the world a simplified, easy to use and intuitive set of tools to help manage and organize all the financial needs of a company, ranging from the ability to manage cash flows, payments, salaries and tax reports.

With more companies and institutions managing large amounts of crypto assets, many companies are finding it difficult to successfully manage their books and finances. Adding to it the fact cryptocurrencies are the most volatile asset class in financial history, making the challenge even greater.

Looking at the $50B+ market of customizable accounting solutions, it is only natural that the largest potential market growth for this industry will be the rapidly growing  $500B cryptocurrency industry.

What’s in the Blox?

Blox Business is the first to provide organizations the ability to customize – according to their users’ needs – a complete set of tracking and reporting tools for crypto.

Blox.io offers automatic and intuitive integrations for multiple exchanges and wallet accounts including Ethereum, Bitcoin, Binance, Kraken and many more. The platform is available on iOS, Web and Android, accessible with a single, cross-device login and high level asset performance reports.

About Blox

Blox.io is a Tel Aviv-based company, employing over 25 employees through three offices in Israel and China. Founded in June 2017 by Alon Muroch, the company has grown rapidly and looking for further expansion. Its clients include Civic, eToro, Coinsilium, Aeternity and other industry leaders. Blox’s official partners are NEO, eToro, Coinsilium, RSK and others. The company’s advisors include eToro CEO, Yoni Assia and FBG Capital CEO, Vincent Zhou.

For inquiries please send us an email to Contact@blox.io or visit our website for more information Blox.io.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

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Goodbye ICO: Next-Gen Cryptocurrency DICE Money Delivers Innovative ‘Crowd-Mining’ Economy

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Dice Money enables investors to mine DICE, raising funds for all kinds of projects

More than $5.6 billion was spent on ICO’s in 2017; Dice Money offers investors a way to support a project without spending their money, contributing computer power instead. DICE can also be mined offline and held in physical format.

Crowd-Mining as New Alternative to ICOs

DICE Money is a new form of digital cash. DICE stands for DIgital CErtificates and is a cryptocurrency which creates a new way for projects to raise money. An individual or company simply has to set up as a new project and this enables them to be funded by their community through crowd-mining.

The widespread application of DICE includes organisations such as schools and hospitals who wish to fund a new community project. It applies to anyone who has a social goal and is looking for contributions without wanting to ask for money. DICE is very easy to implement and adopt through all niches in the economy.

Crowd-mining is where each individual uses their computing power to mine DICE which is then used to fund the project. They do not have to donate any money and yet a project can be fully funded. This offers an alternative to the traditional, expensive way of performing ICOs which require investment and trust.

Their new model rests on a ‘cluster economy’ where miners are clustered around operators. Anyone who sets up a project will become an operator and anyone supporting the project will mine DICE in connection with them. The miner can choose how much DICE they wish to donate to the project and how much to keep for themselves.

DICE Money is not just a way for projects to be funded, DICE can be used to buy goods and services and it uses limited trust parties to confirm payments. DICE can be held in digital form or in physical form as a printed note. This means that not only can it be spent easily online, when it’s in physical form, it’s impossible for a hacker to steal.

They have a score of high-profile advisors behind them who are advocating for the project. Co-founder Konstantin Dimitrov said: “Normally these top advisors charge a lot of money, in our case they came to us. We ended up in a situation where our advisory team was bigger than our needs. There are several other high profile individuals who will join us and are waiting to see how this will develop.

DICE Money are running an ICO to kick-start the project. For this they have created an ERC20 utility token called ‘Dicet’ which will be optionally exchanged for DICE at the end of the ICO. Investors are currently able to purchase Dicets with Ethereum. The first public beta will be released soon after the ICO ends.

Recently, DICE Money announced they have integrated with Bancor Network, securing a new source of liquidity for the Dicet. This provides Dicet token holders with continuous liquidity which isn’t dependent on trade volume. The Dicet will activate a relay token with 3% of its circulating total supply to be activated immediately after the ICO ends.

They managed to secure a deal with European Sports Media meaning DICE will be advertised at international rugby and T20 cricket matches around the world. This also includes radio station advertisements and press releases. This highlights how much money is required to fund an ICO and why a better model is needed. This model is DICE Money.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

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What Is txTenna?

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Even though Bitcoin and other cryptocurrencies are innovative, they all share a major weakness. People who cannot access the internet for whatever reason cannot use these protocols to their full capacity. The txTenna application will change all that, as it will not require an internet connection to send Bitcoin.

The Concept of txTenna

While it sounds interesting on paper, it remains to be seen if txTenna will become a success. This upcoming Android application is the result of a collaboration between Samourai Wallet and goTenna. Both companies acknowledge that Bitcoin payments need to be made more accessible irrespective of one’s access to the internet. Doing so is much easier said than done, however.

How Does it Work?

To most people, it sounds impossible to conduct Bitcoin transactions without an active internet connection. Even when using third-party tools, having some form of connectivity is still required at some point. txTenna will remove that barrier, which could potentially expose millions of users to cryptocurrency in the years to come – assuming this application works as advertised.

The txTenna application will allow users to sync their mobile device with a goTenna device. It was to be expected that some external hardware would be needed, as this would be unfeasible otherwise. The additional hardware comes in pairs and is sold for $179. Using the companion Android app, users can then transact offline and send BTC accordingly.

One major limitation is that one’s signal needs to be within one mile of another active device. Through this mesh network, transactions can be bounced and broadcast accordingly. In order for this to work, it will need to be adopted by the masses in short order. goTenna has sold 100,000 devices so far, but that is still a drop in the proverbial bucket.

Will it Succeed?

The big question is whether or not the txTenna idea can gain any major traction. Bitcoin is a very niche market these days, and attracting people outside of this ecosystem to facilitate BTC transactions using somewhat pricey hardware which serves no other purpose might not necessarily work. Even so, it is a remarkable venture.

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Switzerland Seeks Study on Issuing E-Franc Cryptocurrency

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It seems not all countries have given up on the idea of creating their own national cryptocurrencies. For Switzerland, the current plan of action involves looking into a state-backed “e-franc”. The Swiss government may commission a report on the risks and opportunities associated with launching such a cryptocurrency in the future.

The Swiss E-Franc Plan

Over the past few years, various countries and central banks have made it clear that they are contemplating issuing national cryptocurrencies. So far, most of those plans have been put on the back burner indefinitely, but that doesn’t mean all governments have given up on the idea. Switzerland, a country which appears to be pro-cryptocurrency, is currently looking into creating an e-franc cryptocurrency.

For those unaware, Switzerland is one of the European countries which don’t use the euro. Instead, all day-to-day transactions are still conducted using the Swiss franc. This currency has experienced a significant increase in value over the past few years, whereas the euro has been on the decline. Further setting the country apart from Europe’s “unified currency” by creating a national cryptocurrency seems to make some sense.

With the Swiss government potentially requesting a report on the risks and opportunities associated with issuing an e-franc, an interesting tone has been set. Such a report would not mean the government will actually create its own cryptocurrency, but it shows that the idea has at least some interest in the country. An e-franc would use similar technology to Bitcoin, but be fully state-backed. It remains unclear if it would be pegged to the Swiss franc or any other commodity in the country.

This news comes at a rather interesting time. The European Central Bank has made it clear that cryptocurrencies such as Bitcoin are here to stay, yet it doesn’t seem to favor central bank-issued digital currencies. Additionally, the Bank for International Settlements recently warned central banks and governments not to issue such currencies without first contemplating the risks. A report on the matter would provide valuable insights as to what the future may hold for the e-franc.

For the time being, the decision to conduct this study rests with the lower house of the Swiss parliament. If they approve the study, it will be conducted by the Swiss finance ministry. No timeline has been put in place for sharing the findings with the public, although it seems safe to assume that compiling the report would take a few months at least. The Swiss government is convinced that this proposal makes a lot of sense, although major hurdles will need to be overcome in the process.

The Swiss National Bank, on the other hand, remains rather cautious of the e-franc concept. Private sector digital currencies are still an untested business model, and the legal implications should not be underestimated. Additionally, the monetary impact of this digital currency should not be underestimated by any means. It is an interesting situation worth keeping an eye on, as Switzerland may set a very intriguing precedent in the years to come.

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CoinJar Launches Crypto Exchange with AUD Markets

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Australian cryptocurrency enthusiasts will be familiar with the company known as CoinJar. While initially intent on building a Bitcoin lending service, the company is now focusing its attention on running a cryptocurrency exchange. It aims to provide Australians with the fastest possible digital currency trading services, although it remains to be seen if that is a realistic goal.

The CoinJar Exchange is Live

While it is heartening to see CoinJar venture into the world of cryptocurrency exchanges, it remains to be seen how its endeavor will play out. It has become apparent that there is a major lack of competition in the country’s crypto economy right now, especially where on-ramps for fiat currency are concerned. Converting Australian dollars to Bitcoin and altcoins is not all that easy right now.

CoinJar’s exchange might make a big difference in this regard. It has been built to focus on speed, agility, and providing easy access to cryptocurrencies as a whole. Among the supported currencies are Bitcoin, Ether, Litecoin, and XRP, though more currencies may be added in the future. It is interesting to note that Bitcoin Cash is absent from this list, although things may change in the coming weeks and months.

While this may seem like just another exchange, CoinJar is intent on offering additional features. Providing access to live order books, market depths, and price charts is one of its main priorities. Additionally, the company is intent on making this venture as consumer-friendly as possible, regardless of one’s previous experience with cryptocurrency exchanges. The flexible interface will certainly contribute to that particular goal.

It is evident that the main selling point of this new platform will be the option to convert AUD to the supported cryptocurrencies. All supported currencies have their own AUD pairs, along with BTC markets for Ether, Litecoin, and XRP. Additional markets may be added in the future, but that will mainly depend on how users respond to the available listings.

One thing that may be a problem for a lot of users is that there are different ‘tiers’ of fees to contend with. Free accounts will have a 1% taker fee and a 1% maker fee. It will be possible to pay for trader, premium, and institutional options, ranging from AUD$500 to AUD$5,000 or more per year. These paid subscriptions will result in lower fees, access to email support, a different site theme, and so forth. Offsetting the costs of such paid subscriptions will be a bit challenging,

Even so, the CoinJar Exchange may bring some much-needed competition to the Australian cryptocurrency industry. Providing more ways for consumers to convert Australian dollars to their favorite cryptocurrencies can only be considered a good thing. Whether or not this exchange will be successful is a different matter altogether.

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CFTC Introduces Guidelines for Issuing Cryptocurrency Derivatives

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It was only a matter of time until regulators introduced new guidance for cryptocurrency derivatives and associated products. Considering that these investment vehicles are of great interest to consumers and institutional investors alike, it only makes sense that the CFTC would take a special interest in such products.

The CFTC’s new Guidelines are in Place

Bringing more legitimacy to the cryptocurrency industry can be done in many ways. Regulation will play an integral role in this process, even though not everyone is a big fan of governments meddling with decentralized cryptocurrencies or its underlying technology. For the CFTC, issuing new guidelines on cryptocurrency derivatives is of great importance at this point in time.

The new guidelines will help exchanges and clearinghouses list cryptocurrency-related products. Considering that Bitcoin futures exist already, some people may wonder why this decision is only being made now. Even so, the regulator acknowledges that overall interest in Bitcoin derivatives is growing rapidly, and helping companies adhere to specific rules will make these products even more appealing.

Both Cboe and CME began issuing Bitcoin futures in late 2017. At the time, there was some confusion as to how that would be done without any official regulation, guidelines, or vetting process. It has been an interesting ride for the cryptocurrency industry, even though overall interest in Bitcoin and derivatives still remains rather low. With new guidelines in place, more competition will come to market, which will likely result in more interest.

With the new rules, the CFTC has introduced a few best practices for launching future cryptocurrency derivatives. Exchanges will need to be able to monitor the underlying spot markets. Additionally, they will need to actively coordinate their product launches with federal regulators. Consensus among market participants will also need to be achieved prior to launching any new products, which is a rather interesting guideline.

Although these guidelines are official as of right now, they are not mandatory by any means. The CFTC is mainly interested in providing assistance rather than actively regulating the cryptocurrency derivatives industry as a whole. It is important that companies comply with existing regulations, though these new best practices are mainly advice.

It will be interesting to see how all this affects the future of Bitcoin derivatives. It seems to be only a matter of time until interest in such products rises, as both Cboe and CME have seen increases in overall volume. With new guidelines in place to further legitimize this business model, interesting things are bound to happen. Taking cryptocurrency mainstream will not be easy, but things are slowly heading in the right direction.

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Bitcoin Price Watch: Currency Tanks to $7,600

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Bitcoin has lost over $600 in just one night. The currency is now trading for just over $7,600 – the lowest it’s been in about 35 days.

This marks a serious drop over the last two weeks. Just two weekends ago, the currency was trading for about $9,800 – the highest it had been in four weeks. As bitcoin was expected to spike to $10,000, many traders and investors alike sat with bated breath, hoping the currency would once again strike five figures and prove to the world it was not a fluke, and that its behavior during December of last year wasn’t just some random occurrence.

Sadly, bitcoin appears unable to show off for the time being. The currency has incurred serious drops ever since that weekend high, and even failed to garner major price boosts during last week’s Coindesk Consensus Conference, which even analyst Tom Lee of Fundstrat was surprised by. In the past, bitcoin has always rallied during these Conferences, so to witness the exact opposite behavior this year is not only frustrated and upsetting – it’s also concerning.

Why is bitcoin dropping to such a degree? Up to this point, the cryptocurrency has experienced falls of anywhere between $100 and $300 on a somewhat daily basis, all the while gaining a little traction here and there to slightly remedy the negative consequences. What could stir such a nasty, sudden and above all, large drop in such a short period?

At press time, most analysts appear to be of the sentiment that bitcoin is not only trapped in a bearish trend, but that it may last for some time. One source, for example, says that another sell-off is occurring – one comparable in size to the sell-off that occurred at the end of 2017. Indeed, bitcoin’s recent drop is a huge indicator that this practice has not yet passed on.

Unfortunately, this same source suggests that bitcoin’s next support level sits at $7,200 – roughly $400 less than its current mark. From there, bitcoin could drop down to where it stood in March. The bearish trend we’re currently witnessing may not end until the currency falls to $6,000.

Another analyst is on the opposite side of the spectrum, and suggests that bitcoin support sits at $7,800. Thus, we could witness small price spikes in the coming days before any serious changes occur. He further states that bullish momentum is forming, and that bitcoin could potentially retrace its steps back to the $8,000 range.

In the meantime, some good things are still happening for the father of cryptocurrencies. Banco Masventas in Argentina, for example, has started a program that allows customers to make cross-border payments using bitcoin. The bank is looking to expand its services to as many as 50 separate countries.

In addition, executives say that customers can look forward to the bank’s rapid transaction speeds of less than 24 hours. This is a major milestone for bitcoin, which is noted for its slow transaction periods of roughly one to three days on average. Banco Masventas is now the first financial establishment to handle international fund transfers using BTC as a base currency.

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Verge Begins Making Inroads in the Healthcare Industry

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Even though not everyone likes the Verge currency or its ecosystem, the success of this project cannot be denied. It appears Verge is of great interest to all kinds of industries, ranging from adult entertainment networks to the health sector. It’s the latter development which is especially surprising, albeit very intriguing.

The Health Sector and Verge

It is rather interesting to see cryptocurrencies making inroads in so many different sectors all of a sudden. For Verge, one of the privacy-oriented cryptocurrency projects, things are headed in a positive direction. After a major deal was struck with Pornhub and Brazzers, it seems a completely different industry is now paying attention to this currency and its underlying technology.

More specifically, there is at least one firm in the health sector which is dealing with Verge as of right now. DIOXYME is not necessarily the best-known firm out there, but it is evident that they want to experiment with some newer technologies whenever the opportunity arises. The company is mainly involved with the production of food supplements and improving athletic performance.

While it’s a bit unclear why such a firm would be interested in Verge and its blockchain, the company has a plan in place. Additionally, Verge is also of great interest to Heightcare, even though that’s not a traditional healthcare firm by any means. Its business revolves around issuing safety advice related to construction, among other things.

While this seems like a positive development for Verge, it remains to be seen how it will pan out. The Verge community is confident that their favorite currency can make a big impact, and it seems that all of these strategic partnerships will make that happen sooner or later. Even so, this particular altcoin still has a long way to go before achieving mainstream traction.

As is always the case when news like this comes around, it is important to keep one’s emotions in check. Just because two small firms embrace Verge doesn’t mean the entire healthcare industry will suddenly flock to XVG and its blockchain in the future. Additionally, it remains to be seen how successful the Pornhub, Brazzers, and TrafficJunky partnerships will be in the coming months, especially once the initial excitement dies down.

Even so, the cryptocurrency industry appears to be in a good place right now. Despite all of the opposition in the market right now, there is still plenty of room for future growth. Once cryptocurrencies begin gaining mainstream traction, things will only keep improving. Whether or not Verge will have a big role to play in that remains to be determined.

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