Imagine Cryptocurrencies as Forex Trading Exchange Markets: Staying Ahead of the Curve

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The forex market is undoubtedly the largest and most liquid market in the world. With a broad spectrum of individuals actively trading in pursuit of fast and easy money. The market runs 24 hours a day, 7 days a week, and in all corners the world. Now, as if forex is not dynamic enough, cryptocurrencies are adding a fascinating new dimension to currency trading.

The Cryptocurrency Market is now the firmly established new trend of the world.

Currently, cryptocurrencies are gaining their fair share of the market, with Bitcoin as the preferred currency. However, ...

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Bitcoin Group SE Reports Half-Year Profit Surges 300% to $3.85 Million

Bitcoin Group SE Reports Half Year Profit Surges 300% to €3.33 Million

German digital currency exchange Bitcoin Group SE reported on Friday a first-half net profit increase of more than 300% to €3.32 million (~$3.85 million USD). The company added 86,000 new accounts of people buying and selling cryptocurrency like bitcoin and bitcoin cash in the first six months of 2018.

Also read: Debit Card Issuer Bitnovo Announces Bitcoin Cash Support

Bitcoin Group SE Profits Rise 300% on Increased Customer Traffic

Bitcoin Group SE today reported its net profit soared 306% to $3.85 million in the first half of the year as more people bought and sold cryptocurrency through the German exchange. A year earlier, profit was at $0.95 million.

Bitcoin Group SE Reports Half Year Profit Surges 300% to €3.33 Million

For the first six months of 2018, Bitcoin Group SE said sales revenues tripled to $6.57 million from $2.1 million in the comparable period a year ago. Operating profit climbed 368% to $5.64 million.

German’s only regulated digital currency exchange said about $707.6 million worth of bitcoin was traded on the platform at the end of last year, when the price of BTC peaked at $20,000.

But volume “flattened out…due to profit taking”, the company said, and also because of the free-fall in the price of bitcoin during the review period. Bitcoin plummeted about 52% during the first half of this year, falling from $12,968 on January 1 to $6,251 by the end of June.

Rapid Customer Growth

Bitcoin’s astronomical rise at the end of 2017, coupled with increased mainstream media headlines, have brought public attention to a currency that’s predominantly transacted on smartphones, laptops or desktop computers.

Bitcoin Group SE Reports Half Year Profit Surges 300% to €3.33 Million

Bitcoin Group SE said it added 14,300 new users on its platform every month, bringing a total of 86,000 new accounts for the half-year. Around 753,000 investors are now actively using the exchange to buy and sell crypto, it said.

“Despite a stronger correction of the exchange rates, it is evident that many customers find confidence in cryptocurrencies and perceive them as an equivalent alternative to paper currencies,” said Marco Bodewein, managing director at Bitcoin Group SE.

Exchanges Seek Expansion

Digital currency exchanges are looking for growth in new areas or to consolidate existing positions to help boost revenue and minimize risk from an uncertain regulatory environment in their home economies.

Bitcoin Group SE Reports Half Year Profit Surges 300% to €3.33 Million

Coinbase is to relax its listing requirements, as part of efforts to have more digital coins listed and traded on the US exchange. Binance is on an expansion spree, opening up new trading platforms in Uganda, and a fiat-capable exchange in Singapore.

Bitcoin Group SE, which has $40.24 million in current assets, expressed doubt of meeting its one million customer-base target by year-end on account of the existing bearish trading in the crypto markets.

In January, the German exchange bought a 50% stake in financial investment broker Sineus Financial Services Gmbh, to diversify risk, subject to regulatory approval.
“In the future, this will enable the group to offer additional financial services in the cryptocurrency sector,” Bitcoin Group SE said.

What do you think about the earnings performance of cryptocurrency-related companies? Let us know in the comments section below.


Images courtesy of Shutterstock and Bitcoin Group SE


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Pesamill Africa Launches as Kenya’s Latest Exchange Offering P2P And Centralized Trading

Pesamill Africa Launches as Kenya's Latest Exchange, Offers P2P And Centralised Trading

Pesamill Africa started trading today in one of Africa’s most active bitcoin markets. The exchange will compete with the likes of Bitpesa, and market itself to more than 48 million Kenyans, promising to help them buy and sell cryptocurrency peer-to-peer or through a centralized exchange with an order book.

Also read: European Banks Complicit as Corrupt African Leaders Plunder Their Home Economies

Pesamill Africa’s Two-in-One Cryptocurrency Exchange

Pesamill Africa Launches as Kenya's Latest Exchange, Offers P2P And Centralised Trading

Pesamill Africa has launched as Kenya’s latest cryptocurrency exchange. Founder Brian Ngugi says the exchange will offer cross platform trading – two models in one exchange, basically.

“Pesamill is a peer-to-peer platform and a centralised exchange,” Ngugi, a lawyer, told delegates attending the launch in Nairobi, on September 26, which was attended by members of the Blockchain Association of Kenya. “We aim to solve the tedious and complex Know Your Customer (requirements) of most global exchanges.”

To do that, Ngugi promises to speed up verification, boost security and ease payment processes, among other things. Pesamill Africa will trade bitcoin core (BTC), bitcoin cash (BCH), ethereum (ETH), litecoin (LTC) and ripple (XRP).

The exchange is entering into a market rated as one of the top 25 cryptocurrency markets in the world, and third in Africa after Nigeria and South Africa. Pesamill Africa will seek to rival the dominance of established and emerging trading platforms like Bitpesa, Coindirect and Belfrics.

“We Will Expand as Quickly as the People Want Us To”

Several weeks have passed since the Kenyan parliament tasked the country’s Financial Ministry to come up with a determination as to whether or not to regulate bitcoin and other cryptocurrencies. There has not been any official communication from the Kenyan government in relation to its latest position on the future of bitcoin.

Ngugi, the founder and director of Pesamill Africa, hopes that some form of regulation is enforced to aid growth and confidence within the cryptocurrency ecosystem in the East African country.

Pesamill Africa Launches as Kenya's Latest Exchange, Offers P2P And Centralised Trading
Brian Ngugi

“Cryptocurrencies have to be regulated. It is not a question of if, but when,” he said. “We will expand as quickly as the people around us want us to do it.”

In April, the Central Bank of Kenya warned banks against dealing with companies involved in the trade of virtual currencies – or that the banks themselves invest in digital coins at all. The central bank reduced bitcoin to a pyramid scheme.

Under the veil of such warnings, however, Kenyan authorities look like they are drawn to blockchain technology more than they are to cryptocurrency. In March, President Uhuru Kenyatta set up an 11-member team to investigate the distributed ledger technology, particularly its potential use in eliminating inaccuracies within the land registry.

Mr. Kenyatta’s government has in the past prevented bitcoin exchanges from making payments through Mpesa, a mobile money service offered by cellular network provider Safaricom, which is 35 percent owned by the government.

In the streets of Nairobi, bitcoin continues to thrive despite the shadow of uncertainty hanging over its future. Bancor Network, a fintech company based in the Kenyan capital, in June announced plans to launch a network of blockchain-based communities to help East Africans manage their digital tokens, using part of the $150 million it raised in a token sale last year.

What do you think about the growth and development of cryptocurrency in Kenya in particular, and Africa in general? Let us know in the comments section below.


Images via Shutterstock and Pesamill Africa


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Japan’s GMO Launches Live Crypto Trading Platform, Adds Mining Facilities

Japan's GMO Launches Live Crypto Trading Platform, Adds Mining Facilities

Japanese internet giant GMO has launched a live crypto trading platform via its subsidiary GMO Coin. This is the company’s third crypto exchange and trading service. Meanwhile, the group has established more mining facilities and has mined almost 3,000 BTC and over 660 BCH so far.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

GMO Launches Live Trading Platform

GMO Coin, the crypto subsidiary of Japanese internet giant GMO, announced Wednesday, September 5, the launch a live trading platform.

Japan's GMO Launches Live Crypto Trading Platform, Adds Mining FacilitiesThe company has been offering two crypto exchange and trading services but never had a live trading platform until now. Its two existing services are a brokerage service and a margin trading service. GMO Coin calls the former a “sales office” service and the latter a “virtual currency FX” service. Wednesday’s live platform launch introduces the third service GMO Coin offers.

The company described:

On the exchange, all orders are displayed as board information. Since you can see all the [order] quantities…you can trade while seeing the buying and selling demand of investors other than yourself.

Currently, only BTC is supported on the live trading platform, with a maker fee of 0% and a taker fee of 0.01%. There is no withdrawal fee and leverage of up to 10 times is available. In contrast, GMO Coin’s brokerage and margin services support BTC, ETH, BCH, LTC, and XRP.

Japan's GMO Launches Live Crypto Trading Platform, Adds Mining Facilities
GMO’s crypto live trading platform. Photo credit: Coin News.

With the new trading platform, traders “can buy and sell up to 2 BTC per order, [and] up to 1,000 BTC per day,” GMO elaborated.

Japan's GMO Launches Live Crypto Trading Platform, Adds Mining Facilities
GMO’s existing brokerage service.

Mining Operation Expanded

On Wednesday, September 5, GMO Internet released the monthly report for its crypto mining business for August.

Japan's GMO Launches Live Crypto Trading Platform, Adds Mining Facilities
GMO mining operation’s performances.

In August, the total hash rate of GMO’s mining operation was 459 PH/s, an increase from the previous two months. In both June and July, the hash rates were unchanged at 384 PH/s. GMO mined 510 BTC and 25 BCH in August whereas only 568 BTC were mined in July. Since the launch of its mining business, the group has mined 2,984 BTC and 661 BCH in total. The company wrote:

Our hash rate has expanded since the end of July since we are establishing more mining facilities, operating the mining machine from other manufacturers…We will continue to introduce the mining machine from other manufacturers to the in-house mining. Our plan is to see our hash rate surpass 800 PH/s by the end of December.

Earlier this month, GMO Internet revealed a shift in priority from in-house mining to selling its 7nm miners, which are expected to start shipping at the end of October.

What do you think of GMO’s new platform and mining business expansion? Let us know in the comments section below.


Images courtesy of Shutterstock, Coin News, and GMO Internet.


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PR: Fabric Token Launches TokenGen 3.0 – The All in One Token Crowdsale Automation Tool

Fabric Token Launches TokenGen

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

TokenGen is now in a league of its own in terms of token crowdsale automation. The tool’s 3.0 version provides an all-in-one solution for anyone who wants to run and manage a token generation event, but doesn’t have the necessary programming know-how.

TokenGen’s main two “competitors” provide the most comprehensive contact form on the market alongside a requestable UI (Rocket courtesy of EtherParty) and an escrow contract (dubbed Tabby Pay and brought to you by BlockCAT). These two projects aspired to achieve what TokenGen has already done, but have failed to deliver on their promise spectacularly. Instead they have accomplished pretty much nothing (in the case of EtherParty) or they’ve tried to sell a simple escrow contract as something innovative.

Meanwhile, TokenGen, the first component of the Fabric Token platform, has already surpassed its initial conception as the FT team has been upgrading it constantly since its production release back in May this year.

With the latest 3.0 update, TokenGen brings a completely new UI that is much more intuitive and user-friendly than its predecessor, alongside a ton of new features, which will further cement its place as the go-to-app for token crowdsale automation. Here’s a short preview of what TokenGen 3.0 offers:

• One-click smart contract deployment to any Ethereum network. Test on Ropsten, raise capital on main net.
• Smart contract management interface allowing transparent interaction with deployed smart contracts. Much faster and simpler than MyEtherWallet’s contract interaction feature.
• Unlimited builds and deployments allowed for each project.
• Simple and intuitive project creation process.
• A highly customisable set of features for each project i.e. different projects, different functionality. You will only be charged for the features you actually use.

The best part however, is the price. While some companies will expect you to sell your house in order to run your token crowdsale, a TokenGen project with all features will set you back a mere 4.7k Fabric Tokens (FT), which, at the time of writing, amount to $100.

Close to 40 projects have already been created using TokenGen even before the 3.0 update. A lot more are expected to follow as the tool gains popularity and the crypto market recovers from the suffocating grip of manipulation.

It seems that, in an industry almost fully dominated by vaporware projects, the ensuing bubble is bound to burst in a spectacular fashion. When that happens, truly valuable projects like the Fabric Token platform will remain to pick up the pieces. From the looks of it, there will be a lot of pieces.

Contact Email Address:
info@fabrictoken.io

Supporting Link:
https://tokengen.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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The Daily: Mycrypto Raises $4 million, Islamic Crypto Exchange Sets Foot in Malta

The Daily: Mycrypto Raises $4 million, Islamic Crypto Exchange Sets Foot in Malta

Wallet solution Mycrypto has raised $4 million to build a platform allowing users to create new wallets, the full details of which are in this edition of The Daily. Also, the wallet advertised by software guru John McAfee, Bitfi, is removing the ‘unhackable’ claim from its branding, an Islamic crypto exchange applies for a license in Malta, and Eminem’s new album features bitcoin.

Also read: Cboe Close to Ether Futures, Brave Boasts Millions of Downloads

Mycrypto Raises $4 Million to Create New Wallets

The Daily: McAfee’s Wallet Won’t Be Called ‘Unhackable’, Bitcoin Replaces Nickel in ‘Not Alike’ SongPopular ethereum interface Mycrypto has raised $4 million  in a funding round led by Polychain Capital. The money will be used to build a platform that allows users to create new wallets as well as buy, sell and trade cryptocurrencies.

The news comes after the team recently launched a desktop app with which clients can manage or use their cryptocurrency without online resources or protocols and secure their funds outside an exchange. The platform is non-custodial, does not hold customers’ funds or personal data, and users are in control of their private keys.

“We’re dedicated to designing an experience that can further simplify how people can access and store cryptocurrency and are thrilled to see the overwhelming support we’ve received from our partners, investors, and community,” Mycrypto CEO Taylor Monahan commented.

Bitfi Withdraws ‘Unhackable’ Claim for McAfee’s Wallet

The Daily: McAfee’s Wallet Won’t Be Called ‘Unhackable’, Bitcoin Replaces Nickel in ‘Not Alike’ SongThe team behind crypto wallet Bitfi, which has been advertised by cyber security ‘expert’ and entrepreneur John McAfee, has announced it will no longer describe its product as “unhackable”. The statement follows the release of evidence by a group of researchers showing the wallet has been compromised, BBC reported. Earlier this month, security experts claimed they had successfully sent signed transactions with the wallet and someone had even managed to establish root control over the device.

Bitfi had previously offered a bug bounty of $250,000 to anyone who managed to hack the wallet. One of the conditions was that the cryptocurrency be removed from the wallet. The group claimed to have hacked it once before but Bitfi and McAfee refused to accept the presented evidence as the digital assets had not been withdrawn.

In a post on Twitter, Bitfi explain they’ve hired an experienced security manager who is confirming vulnerabilities identified by the researchers. A comprehensive public announcement acknowledging and addressing these issues is expected next week. “Effective immediately, we are closing the current bounty programs which have caused understandable anger and frustration among researchers,” the statement reads.

The company also declares that “we will be removing the ‘Unhackable’ claim from our branding which has caused a significant amount of controversy,” acknowledging that “while our attention has always been to unite the community and accelerate the adoption of digital assets worldwide, we realize that some of our actions have been counterproductive to that goal.”

Islamic Crypto Exchange Applies for License in Malta

The Daily: McAfee’s Wallet Won’t Be Called ‘Unhackable’, Bitcoin Replaces Nickel in ‘Not Alike’ SongA new cryptocurrency trading platform, aiming to attract listings from sharia-compliant fintech startups, has applied for a digital exchange license in Malta, the crypto-friendly island which is an EU member state. The company, named Huulk, is also planning to establish partnerships with several European exchanges, Reuters reported, quoting its CEO, Ibrahim Mohammed.

The move will allow Huulk, which is part of the Onegram Group, to host trades of digital assets as well as stocks and commodities according to its chief executive officer. Malta-based Bianchi Holdings Ltd. is expected to become an equity partner in the business, Mohammed noted.

The exchange intends to list around 20 Islamic fintech firms, some of which operate in Muslim-majority countries like Turkey and Malaysia. Onegram, which has sold approximately $400 million worth of gold-backed digital tokens so far, also plans to list on the exchange its own sharia-compliant cryptocurrency.

Bitcoin Featured in Eminem’s ‘Kamikaze’ Album

The Daily: McAfee’s Wallet Won’t Be Called ‘Unhackable’, Bitcoin Replaces Nickel in ‘Not Alike’ SongCryptocurrency is surely moving closer to mainstream acceptance and its more frequent occurrence in different contexts and spheres of human interaction attests to that. The latest example comes from Eminem’s new album, “Kamikaze”.

“Remember everybody used to bite Nickel, now everybody doing bitcoin,” goes the lyrics of the ninth track on the album, “Not Alike”, which features rapper and songwriter Royce Da 5’9′ who is singing the line. “Kamikaze” comes out just months after the release of Eminem’s previous project, “Revival”.

Undoubtedly, last year’s skyrocketing prices put cryptocurrencies in the spotlight of media and public attention. The crypto-craze led to a number of mentions of bitcoin not only in songs, but also in movies and television series.

What are your thoughts on today’s news tidbits? Tell us in the comments section below.


Images courtesy of Shutterstock.


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The Daily: Ledger Adds Coins, Okex Launches Coinall, Exmo Partners with Mistertango

The Daily: Ledger Adds Coins, Okex Launches Coinall, Exmo Partners with Mistertango

Covered in The Daily on Friday are several announcements crypto users may find interesting. Ledger has added support for 8 new coins and crypto exchange Okex is launching a white label platform. Also, Exmo will offer its European users faster payments and transfers in partnership with Mistertango, and Estonian startup Citowise has integrated credit card purchases for crypto in its Android app.

Also read:  Shapeshift Acquires Bitfract, Bitmain Invests in Tribeos

Ledger Adds Support for 8 New Cryptocurrencies

Popular hardware wallet provider Ledger has added support for third party applications developed for eight new digital assets to its Ledger Nano S device. From now on, the company will announce new additions on the first Tuesday of each month, in order to streamline app validation.

Starting this week, the Ledger Live application for Ledger Nano S offers the following new coins: Poa, Icon, Vechain, Wanchain, Ontology, Kowala, Particl, and RSK, the company announced in a tweet. Ledger developers have also provided a link to their roadmap for planned releases and other useful details published on Trello.

In a blog post, the team behind Ledger notes that the validation process for third-party apps will be simplified with clearer guidelines, giving developers more comprehensive guidance on security good practice, device applications interface, experience, and design requirements.

The new applications will be available for installation on Ledger devices through Ledger Live. However, the coins won’t be directly compatible with the native app and initially customers will have to use a compatible third-party wallet to perform transactions. “Ledger Live will gradually incorporate full support for third-party applications to enable Ledger users to not only install, but also transact with these new crypto assets directly from Ledger Live,” the company explains.

Okex Launches White Label Platform

Crypto exchange Okex has announced the launch of its new Coinall platform, a white label solution which is part of its Open Partnership program that started a couple of months ago. “The launch of CoinAll, the 1st exchange under Open Partnership Program, symbolizes a new era to build a community- and project-centric open exchange, unveiling an exciting new chapter in the blockchain industry!” the Chinese-run company posted on Twitter.

Participants in the Open Partnership program will now be able to take advantage of a variety of services offered by the exchange, including its clearing system, cold and hot storage, applicable anti-money laundering (AML) and know your customer (KYC) procedures. Coinall developers also claim that it is the first autonomous, community-run crypto-trading platform.

Coinall has released 10 billion CAC tokens, 51% of which will be allocated as rewards to users. The other 49% are reserved for the founders of the exchange and the members of the Open Partnership program. Currently, the platform offers trading pairs of CAC with bitcoin core (BTC), ethereum (ETH), and tether (USDT).

Exmo Introduces Faster Payments with Mistertango

The Daily: Ledger Adds Coins, Okex Launches Coinall, Exmo Partners with MistertangoThanks to a newly announced partnership with Lithuania-based payments provider Mistertango, European crypto exchange Exmo will offer its users the opportunity to make instant deposits and withdrawals in EUR. Traders will also be able to make Single Euro Payment Area (SEPA) transfers which translates into faster payments.

The Mistertango payment account will allow Exmo users to fund their crypto-related activities using fiat currency. The account comes with an IBAN number, offering the ability to instantly transfer money via SEPA, and a prepaid Mastercard as well. According to a press release, the Lithuanian company already works with more than 100 cryptocurrency exchanges and intends to expand further in the crypto space.

Estonian Citowise Offers CC Purchases of Cryptos

Crypto wallet provider Citowise is now offering users the option to buy cryptocurrencies with Visa, Mastercard and American Express debit/credit cards. The newly integrated function in its Android app currently supports purchases of bitcoin core (BTC) and ethereum (ETH), with plans to add other cryptos in the future, including bitcoin cash (BCH), litecoin (LTC), ripple (XRP), and NEO. In a blog post, the team promises that the functionality will also be available on iOS soon.

The Daily: Ledger Adds Coins, Okex Launches Coinall, Exmo Partners with Mistertango

In order to buy cryptocurrencies with their bank cards, users need to pass KYC and AML verification, a service provided by a third party – Citowise’s partner company Transcoin. The purchasing limits for this option are set at €32,000 (~$36,600) per month. The total can be spread over a maximum of four credit or debit cards, the company notes. The app of the Tallinn-based startup also supports purchases of cryptocurrencies with SEPA payments. In this case, the monthly limit is €200,000 and the daily is €40,000.

What are your thoughts on today’s news tidbits? Tell us in the comments section below.


Images courtesy of Shutterstock, Ledger, Okex, Exmo, Citowise.


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ABCC Token (AT): Its Uniqueness, Value and Approach

ABCC Token

Most crypto experts and watchers keeping track of the ICO phenomenon agree that the trend in the last few months has been for tokens to experience a sharp drop in prices: increase in the short-term but drop in the long-term. This has been one of the most significant challenges in the crypto verse and is being investigated by the Singapore-based trading platform, ABCC.

In a world driven by so much hype and the fear of missing out, crypto enthusiasts and even experts are increasingly finding it difficult to identify genuinely viable projects. While I do agree ...

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Cash Shuffle’s BCH Mixer Moves Forward with Steady Testing

Cash Shuffle's BCH Mixer Moves Forward With Steady Testing

Back in December, a new privacy protocol was released for bitcoin cash users called Cash Shuffle. The application has seen steady development since its inception and this week Cash Shuffle developers say that the platform’s alpha testing has been successful and the team has seen lots of testers. After the application is polished up, some more Cash Shuffle will be released to the general public soon.

Also read: Bitcoin.com and Purse.io Bolster Spending Giving New Shoppers $10 in BCH

Cash Shuffle Development and Testing Progresses

Bitcoin Cash (BCH) proponents will soon see the stable release of a mixing application that will help preserve an individual’s transaction privacy when using the BCH network. The BCH mixer Cash Shuffle was launched this past December and users could use the pre-release version and experiment with the plugin for the BCH wallet Electron Cash. Then in March the blockchain and mining firm Coingeek announced the company would help fund the Cash Shuffle development process. Furthermore, the programmers Josh Ellithorpe, Jonald Fyookball and other developers have been helping progress Cash Shuffle’s development.

Cash Shuffle's BCH Mixer Moves Forward With Steady Testing
A fully confirmed Cash Shuffle transaction.

This week a few developers including Ellithorpe and Fyookball detailed that the Coin Shuffle alpha testing has been going very well.

“We just did a test on Cash Shuffle (alpha) and it worked! A few more things need to be fixed before it can be released to the public, but it’s awfully exciting,” explained one of the mixing platform’s developers on Reddit.

Ellithorpe added to the Reddit post by thanking all the testers experimenting with Cash Shuffle platform.

“Just want to extend a huge thanks to all the testers! Really helps a lot to get support from the community to finally get Cash Shuffle in a stable state for everyone to use,” Ellithorpe emphasized.

Cash Shuffle's BCH Mixer Moves Forward With Steady Testing
Cash Shuffle in action from behind the scenes.

BCH Proponents Can Help Test Cash Shuffle Today

Moreover, Jonald Fyookball details that people can help test the Cash Shuffle platform and learn how to use the application by following this walkthrough. Essentially people have to download Electron Cash 3.3 for Windows or Mac and fund it with at least .0011 BCH. Then users can download the Cash Shuffle protocol (do not unzip) and add the plugin to Electron Cash by selecting the zip file. After that, you’ll be able to see the ‘Shuffle tab,’ select your specified addresses and press shuffle. It will take about 60 seconds for the shuffling process to start and then it should finish. If the transaction ‘times out’ Fyookball says it will be because the liquidity bot is busy helping others, in which case testers should wait five minutes and try again.

Bitcoin Cash supporters were pleased to hear about the progress of Cash Shuffle this week, and look forward to the stable version release. There are not many privacy-centric applications for BCH transactions, but news.Bitcoin.com reported on the Bob Wallet development last week which also does some BCH mixing. However, Bob Wallet is still in its initial stages using testnet, and Cash Shuffle looks as though it will be ready first.

Do you look forward to the stable release of the Cash Shuffle application? Let us know your thoughts on this subject in the comment section below.


Images via Shutterstock, Reddit, and the Bitcoin.com Explorer. 


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PR: Boomstarter.Network to Democratize Global Startup Funding with Blockchain

Boomstarter.Network to Democratize Global Startup Funding with Blockchain

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Boomstarter.Network, the biggest platform in Eastern Europe generating pre-sales for startups, moves to blockchain to challenge a number of limitations that constrain existing crowdfunding services.

In contrast to many classical crowdfunding platforms, Boomstarter.Network will allow startups from any country to pre-sell their future products. This becomes possible with blockchain technology and digital currencies. Boomstarter.Network will also provide safe cryptocurrency mining tools, so that anyone can mine and use the digital currency to buy products and services that startups offer on the platform.

A key priority is to remove country restrictions. The world’s leading fundraising platforms do not allow entrepreneurs to launch crowdfunding campaigns if they reside outside a very limited number of developed industrialized countries. Boomstarter.Network essentially aims to democratize crowdfunding by giving people in any country the ability to start their own product pre-sale.

With Boomstarter.Network, startups will get the funds quickly after a pre-order is made. Transactions will happen in a matter of minutes, while on existing platforms it can take weeks for funds to be sent and withdrawn.

Boomstarter.Network will also make it possible to pre-order innovative products and support startups by mining for cryptocurrency. The platform will provide buyers with a safe and easy tool for generating virtual currency using just their personal computers. United as a cloud mining pool, they will be able to create digital assets and use them to pre-order and support their favourite startups on the platform. They will also retain part of the generated cryptocurrency for personal use.

“We have been operating in the crowdfunding space for six years and we know the challenges that this scene is facing globally. Now with blockchain technology we are able to offer solutions to these shortcomings and provide access to crowdfunding worldwide. When you like the product that a startup on the platform is developing, you can pre-order and help them progress with it. And if you cannot spend your own money, you can show support by mining crypto for them and keeping some of it for yourself,” said Maria Dokshina, CEO of Boomstarter.Network and a certified fundraising professional.

The platform will use smart contracts based on Ethereum blockchain to ensure trust and transparency. These are computer algorithms that will guarantee people raising funds automatically receive the amounts they are due when their preset fundraising goal is reached.

Blockchain technology offers transparency in how startups use the funds they have raised. This will allow the community of those who pre-ordered to track and offer feedback on how the entrepreneurs have allocated the money they have collected to develop their product.

Well-established businesses often use crowdfunding tools to test demand and monitor pre-orders for products that are still under development. Along with improving accountability, the use of blockchain for transparent crowdfunding will also boost measurement and analysis of user sentiment.

Press Contact Email Address
pr@boomstarter.network
Supporting Link
https://boomstarter.network

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and Digital IDs

Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and IDs

The city of Zug, home of the Swiss Crypto Valley, will invite its residents to take part in an experimental blockchain-based vote. They are expected to share opinions on several questions of local importance, including the fireworks display during the annual Lakeside Festival and the use of digital IDs to borrow books and pay parking fees. This and other fintech and crypto-related stories from the Alpine nation and other corners of Europe are featured in today’s edition of Bitcoin in Brief.   

Also read: Bitcoin in Brief Tuesday: POT Saves World, Coinbase Pumps ETC, Binance Wants EUR

Zug Experiments with Blockchain-Based Vote

Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and IDsAuthorities in the Swiss city of Zug plan to ask local residents to participate in a consultative blockchain-based vote this month utilizing the city’s electronic ID system. They will be able to vote via their smartphones by downloading and installing an app. The experimental vote will be held between June 25 and July 1. Citizens will be asked if they are in favor of setting alight fireworks during the annual Lakeside Festival, and whether they think digital IDs should be used to borrow books from the library, pay parking fees, and for identification on regular referendums.

According to Swissinfo, the results of the vote will be non-binding. Nevertheless, the initiative, which aims to test whether blockchain can be used on a broader scale, highlights again the positive attitude of Swiss authorities towards cryptocurrencies and the underlying technology. The canton of Zug, dubbed Switzerland’s Crypto Valley, has become home to many fintech startups and even established crypto companies like the Chinese giant Bitmain, which has opened an office there.

Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and IDsFor some time now, Zug has been accepting cryptocurrency payments for municipal services, including company registrations using bitcoin and ether. The city introduced its eID system to provide citizens with digital access to council services. The pilot phase of the project started last fall. The system is based on blockchain technology.

New Swiss Body to Simplify Capital Markets

In another example of Switzerland’s serious approach to fintech innovations, leading representatives of the country’s financial, technological, academic and legal sectors have recently formed the new Capital Markets and Technology Association (CMTA) to facilitate the use of blockchain in financial markets. In a press release, they noted that “the blockchain technology has the potential to reduce the complexity of the capital markets system and lower the barrier of entry for startups.”

According to CMTA’s founders, the lack of legal certainty is slowing and can potentially compromise development in the field. They hope to facilitate access to funding for new businesses by defining a set of industry-supported open standards. These should ultimately contribute to value creation throughout the economy said Jacques Iffland, CMTA’s chair and partner at Lenz & Staehelin, the largest Swiss law firm.

Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and IDs

Swissquote Bank Ltd, a leader in online banking, and Temenos, which specializes in banking software, are also behind the initiative. CMTA promises to work to create toolkits that can be used by new or established companies, businesses and startups to access funding and raise capital securely and efficiently, using new technologies and leveraging digitalization. The association is based in Geneva.

Irish Blockchain Startup Delivering Aid to Refugees Raises €1m

Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and IDsAn Irish startup, using blockchain to facilitate the distribution of humanitarian aid, has raised an estimated €1 million from investors, according to industry sources quoted by The Irish Times. The Dublin-based Aid:tech is working in refugee camps, often in hotspots like the Middle East. On Wednesday, Enterprise Ireland and SGInnovate, the venture capital arm of the Singaporean development authority, announced simultaneous investments in the Irish company. This is the first time both state-backed organizations have allocated funds to support a blockchain business, the Irish daily notes. Amsterdam-based Blue Parasol Investments and Tin Fu Fund, a closed private equity fund managed by Shenzhen Capital Group, also took part in the funding round.

Aid:tech aims to increase transparency in the distribution of aid, welfare, remittances, donations, and healthcare services through digitizing their delivery using blockchain technology on its platform. According to the company, only a fraction of the estimated €306 billion (~$360 billion) transferred each year by non-governmental aid organizations is currently delivered via transparent systems which, the startup claims, are extremely expensive to administer. The blockchain technology employed by the Irish firm would allow all international aid to be accounted for, including the distribution of medicine, food and other essentials, the publication details.

Government-Backed Platform to Promote Ireland as a Blockchain Hub

In an attempt to highlight Ireland’s capabilities in the blockchain ecosystem, authorities in Dublin have launched a new government-backed platform. Blockchain Ireland, founded in partnership with a young company called Consensys, aims to create conditions for greater cooperation between startups working in the sector, both on national and international level. The platform was launched by the Irish Blockchain Expert Group and backed by Enterprise Ireland, the Irish Department of Finance, leading members of the country’s blockchain industry and representatives from a number of academic institutions.

Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and IDs

The online platform is a source of useful information about the Irish blockchain ecosystem. It will be used to promote the country as a blockchain hub by highlighting the Irish technology sector and business environment which turn Ireland into an ideal location for blockchain-enabled business, Silicon Republic reports. The services it will be offering include providing information on setting up a new company and support for blockchain projects in Ireland. Its activities, however, will stretch beyond Irish borders. Blockchain Ireland will be working to develop the European and international blockchain ecosystem as well.

What are your thoughts on today’s topics in Bitcoin in Brief? Let us know in the comments below.


Images courtesy of Shutterstock.


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PR: How Edgar Allan Poe Inspired a Composer to Build Qravity – a Blockchain Platform for Creatives

How Edgar Allan Poe Inspired a Composer to Build Qravity - a Blockchain Platform for Creatives

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Deep into that darkness peering, long I stood there wondering, fearing,
Doubting, dreaming dreams no mortal ever dared to dream before

Lifestyles of the Poor & Famous

On January 29, 1845, Edgar Allan Poe became an overnight sensation with the New York Evening Mirror’s publication of a poem that still thrills and haunts readers, listeners, and viewers to this day.

Despite the overwhelming popularity of The Raven, it netted Poe a total of $24; over half of that amount was charity that he received for what may have been a draft. Adjusted for inflation, his literary masterpiece netted him a total $754.91 in 2018.

To put this in a contemporary context, think about an international chart-topping single, say Taylor Swift’s Shake it Off. It’s hard to imagine Ms. Swift selling that track, rights and all, to a record label for a little over $750.

The Raven went viral, first in the US, then in Europe. It has become so deeply ingrained in contemporary culture that we’re still reciting, remixing, and reimagining it in various media to this day.

Poe’s exquisitely crafted poem may have won him recognition, but his writing failed to earn him superstar riches. Poe’s lifetime earnings for 20 years’ worth of poetry, prose, and non-fiction amounted to $6,200, or $195,018 adjusted for inflation.

That’s about $9,750 per year – probably the sum that Taylor Swift makes as she sings Shake it Off at one of her shows. That may be stretching the truth, but not by much.

Unjust rewards – Nevermore!

The writer’s financial distress had a profound effect on Austrian producer and composer David Brandstaetter. “Poe’s work, especially The Raven and Annabel Lee, has always inspired me,” says David, “He not only wrote some of the most famous poems of all time, he also established the foundations of the detective story and science fiction!”

David was shocked when he first learned about the pittance the writer received for The Raven. It got him thinking about the hurdles that many of today’s creatives must overcome in order to earn a living, such as copyright infringement and fair payment.
Experience as a sound designer at Rockstar Games Vienna and as a producer at Sony DADC gave David a deep understanding of the wants and needs not only of content creators, but also of creative teams, project managers, and consumers. It became clear to him that the digital content industry needed a platform that facilitated the production and distribution processes.

Qravity’s Rainbow
In February 2016, David founded Qravity to help bring original content to market. Soon, a working version of the Qravity platform was ready for testing. “In July 2017, we had a unique collaboration and communication tool for creative teams,” says David, “Qravity also tracks tasks in such a way that creative members receive stakes in the content they help make. For example, a person who writes lyrics for a song gets a share, say five percent, of the song’s revenue. Every time someone buys that song, the lyricist gets five percent of that payment.”

Qravity needed a secure and transparent means of keeping this process equitable. There was also the matter of protecting copyright and preventing piracy. “I was speaking with my friend and business partner Sascha Dennstedt [Qravity’s Co-Founder and CFO] about Poe and how, in some ways, little has changed financially for artists,” says David, “He said that we should integrate blockchain into Qravity. Some research convinced me that this made perfect sense.”

Using smart contracts, Qravity provides creatives with immutable and transparent records of their stakes in the projects they help complete. They receive these records in the form of digital tokens called QPT. Based on the amount of QPT they hold, Qravity sends creators a share of revenue earned whenever the content they helped make is purchased. They receive these payments in the form of Qravity’s cryptocurrency, QCO.

So if our lyricist has a five percent stake in the song he penned, a 1 QCO song earns him 0.05 QCO, which he can then trade on crypto exchanges, or spend in the Qravity marketplace.

Decentralization for Fair Payment

“[The Raven] will stick to the memory of everybody who reads it.”
Nathaniel Parker Willis, Editor, Evening Mirror

The creation of art that transcends cultures and achieves a sort of immortality is one of the greatest achievements to which one can aspire. But such greatness does not pay the bills.

Qravity’s decentralized content production and distribution platform is on the verge of helping creators own and profit from their work. In doing so, it aims to stimulate the continuous creation and consumption of premium digital content – forevermore.

—-

Get QCO during the Qravity token sale.

Presale with 30% bonus: July 2-16, 2018.

Regular token sale: July 17 to September 5, 2018.

To learn more, visit www.qravity.com, read the Qravity white paper, or join the discussion in the Qravity Telegram group.

Contact Email Address
marketing@qravity.com
Supporting Link
http://qravity.com/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: How Edgar Allan Poe Inspired a Composer to Build Qravity – a Blockchain Platform for Creatives appeared first on Bitcoin News.

PR: Publishing Platform Authorship Is Proud to Announce Their Platform Will Open on June 1st

Publishing Platform Authorship Is Proud to Announce Their Platform Will Open on June 1st

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

One year after their successfully run $4M ICO, Authorship is proud to announce their platform is ready to be launched as per their scheduled roadmap on June 1st.

Authorship aims to simplify the book publishing process by giving all the authorities to the author. When an author publishes a book at the platform, he/she enjoys all the rights and does not have to comply with the complex policies of publishers, worry about the distribution or share the major chunk of royalties with the publishing company.

All the transactions on the platform are done through the use of ATS tokens. The ATS, an ERC-20 token based on the Ethereum technology, is a unit of exchange on a new Blockchain based book publishing system. Authors are rewarded with ATS tokens in exchange to book sales, while readers are able to spend ATS tokens in order to purchase books.

Authorship is a Bancor token relay partner, meaning users can easily buy/sell ATS tokens through the Bancor portal or directly from the Authorship website thanks to the integrated exchange widget.

It can easily be said that with the aim of resolving one of the biggest challenges authors face i.e. to get their books published and distributed and to connect readers with at least 100,000 authors from all over the world, Authorship is going to drastically transform the book industry.

Authorship is all about facilitating and encouraging existing and budding authors to do what they do best. This platform will be the convenience they need to grow in terms of both wealth and profession/interest/business.

Once launched, Authorship might prove to be a revolutionary platform that facilitates and promotes the literary community across the globe.

Press Contact Email Address
contact@authorship.com
Supporting Link
http://authorship.com

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Parksen to Create World First Sustainable City Platform

AMSTERDAM, THE NETHERLANDS – Parksen will build a Green, Smart & Connected City Platform, powered by the Ethereum blockchain, immutable smart contracts and a real-time parking app, that will bring much-needed innovation to modern and urban hotspots around the world. The mission? Enriching and connecting these metropolises with truly green solutions, smart and IoT device integrations, overall cost reductions and general infrastructural optimization for citizens and municipalities alike.

Parksen will create and use an open and universal ledger to record and map data that will give us the picture of major chokepoints in urban areas. With ...

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How Synexcoin Turned Experience into a Philosophy!

Synexcoin

There have been many revolutionary ideas in technological history that have flopped throughout their history. Does Video 2000 tell you something? Apple’s Newton? Or the Ford Nucleon? Many technical inventions have spectacularly flopped even though they were good products. With a good invention, you don’t always succeed. Many start-ups succumb to the mistaken belief that good product equates to success. But not only young and small businesses fail with innovative products, even large corporations are not immune from flops. No matter how much they pump into marketing and PR, some of the auspicious ideas just are not accepted ...

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Canadian Regulator Warns Investors of Five Cryptocurrency Firms

Canadian Regulator Warns Investors of Five Cryptocurrency Firms

The Ontario Securities Commission has issued a warning against five unlicensed crypto companies involved in schemes to encourage investors to trade or invest in cryptocurrencies. The regulator started gathering information about these platforms after receiving complaints about them.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Warning to Investors

The Ontario Securities Commission (OSC) published an Investor Alert on Friday, warning the public of five firms that “appear to be involved in schemes that target Ontario investors and encourage them to trade or invest in cryptocurrencies,” stating:

Btcreal, Bitserial, Hypercube Ventures LP, Cabincoin OÜ, and Baappay Inc. are not registered in Ontario to solicit investments or provide advice on investing in, buying or selling securities.

Canadian Regulator Warns Investors of Five Cryptocurrency FirmsThe Commission started gathering information on several crypto trading platforms last month after it received a number of complaints about them, CBC reported, adding that to date no platform has been recognized by the OSC as an exchange or exempted from recognition. Any platform that offers cryptocurrencies that fit the definition of securities “must determine whether it is a marketplace. Marketplaces are required to comply with the rules governing exchanges or alternative trading systems,” the news outlet elaborated.

Last month, the OSC issued an Investor Alert on Bitconnect, Bitconnect Coin and the BCC Exchange. “Bitconnect, the BCC Exchange and representatives of Bitconnect are not registered in Ontario to solicit investments or provide advice on investing in, buying or selling securities,” the regulator wrote.

The Five Unregistered Firms

Canadian Regulator Warns Investors of Five Cryptocurrency FirmsThe first firm mentioned in Friday’s warning is Btcreal. This company “claims to provide full investment services for cryptocurrency-related investments and forex,” promising investors “high returns in short periods of time,” the OSC described. The company’s website advertises “6 high ROI [Return On Investment] plans.”

Canadian Regulator Warns Investors of Five Cryptocurrency FirmsThe next company is Bitserial which “claims to offer opportunities to invest in BTE Tokens.” The firm also “encourages investors to participate in a lending program where they can exchange bitcoin, litecoin, or ethereum for BTE Tokens that are ‘lent out’ for high returns,” the Commission detailed.

The third company is Hypercube Ventures LP which manages multiple websites to encourage investors to buy “emission pools” in order to generate “VNN cryptocurrency,” according to the Commission.

Canadian Regulator Warns Investors of Five Cryptocurrency FirmsThe fourth is Cabincoin OÜ which “is currently advertising an unregistered token sale for Cabincoin Tokens,” claiming that “the future value of these tokens will far exceed their initial price,” the OSC wrote.

The last on the list is Baappay Inc. which “is a multi-layered platform that integrates both fiat and cryptocurrency payment services for merchants, that will confirm and guarantee all payments in seconds,” its website describes. The OSC says this company “is also currently advertising an unregistered token sale.”

What do you think of the OSC’s warning? Let us know in the comments section below.


Images courtesy of Shutterstock, the OSC, Btcreal, Bitserial, and Cabincoin.


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The post Canadian Regulator Warns Investors of Five Cryptocurrency Firms appeared first on Bitcoin News.

BCH-Powered Social Media Apps Launch New Features

BCH-Powered Social Media Apps Launch New Features

This week the two popular Bitcoin Cash social media applications, Memo and Blockpress have rolled out a bunch of new features on each platform. Now users on both platforms can upload pictures, video, and even torrent magnets found on the Pirate Bay.

Also Read: Trading Cryptocurrencies Like a Boss Takes Time and Research

 Memo and Blockpress 

So far over the past couple of weeks, Bitcoin Cash (BCH) supporters have been utilizing two specific BCH-powered social media platforms — Blockpress and Memo. The Memo application arrived on the scene first during the second week of April offering BCH users the ability to write 77 character-long phrases using an on-chain method called an OP_Return transaction. Every action on Memo utilizes a transaction and an extremely small fraction of BCH and over the past few weeks; Memo has added a bunch of new features.

BCH-Powered Social Media Apps Launch New Features
The Memo app keeps adding features like topics, archived, personalized, and a new post feed.

At the end of April news.Bitcoin.com reported on Memo adding additional features like replies, emojis, and a counter for typing. The platform was getting a lot of use seeing more than 3,000 transactions in one day when the developers added the ‘reply’ feature. Now the Memo programmers have added a ‘Topics’ section a place where people can discuss specific subjects such as adding a dislike button to Memo, Christianity, BCH price predictions, flat earth conspiracies, and any topic that’s trending on the application.

Memo Images, Video, and Pirate Bay Magnets

Moreover, on May 10, the Memo development team added image and Youtube video support to the platform. This means Memo users can upload a picture or their favorite Youtube video utilizing an on-chain BCH transaction. The very next day a user implemented a live stream video over the BCH chain using Webtorrent, Memo.cash, and Blockpress. Another added a Pirate Bay torrent magnet using Memo as well in hopes the application can be used for an “uncensorable Pirate Bay.”

BCH-Powered Social Media Apps Launch New Features

Blockpress Also Adds Video and Images, and Says More Features to Come After the May 15 BCH Upgrade  

Then on May 2, another on-chain BCH powered social media application was launched called Blockpress. When Blockpress launched, news.Bitcoin.com spoke with the platform’s developer who calls himself ‘Attila’ and is a big believer in the future of BCH. At launch, Blockpress offered a similar Memo-like platform but looked like a Twitter UI and had the ability to add an avatar picture, and profile cover photo. Just like Memo, the Blockpress platform enables the ability to publish 77 characters via the Bitcoin Cash network.

BCH-Powered Social Media Apps Launch New Features
Blockpress provides the ability to add images and videos.

Then three days ago the Blockpress developer added the ability to add images to posts, a notification feed, community topics, and a sidebar of your followed profiles on Blockpress. Just like the Memo application, a bunch of people are testing out the platform’s newest features. Further, Attila says after the May 15 BCH upgrade the Blockpress platform will have the ability to upload much longer content (Tumblr style — via IPFS and also a 220-byte OP_Return update on May 15).

BCH-Powered Social Media Apps Launch New Features
Blockpress feed and the developer has added a community section as well.

So far on both platforms, there’s a lot of users sharing their thoughts and content with Memo taking the lead on users since it was launched two weeks before Blockpress. Both BCH-based applications seem to be following a competitive path towards adding new features like images and videos. It will be interesting to see what kind of capabilities Memo and Blockpress get after the upgrade next week.

What do you think about the new features on Memo and Blockpress? Have you tested any of these platforms yet? Let us know in the comments below.


Images via Shutterstock, Blockpress, and Memo. 


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Unicef Australia Launches Crypto Mining Donation Platform

Unicef Australia Launches Crypto Mining Donation Platform

Unicef Australia has launched a platform through which third-party donations are made in the form of in-browser computing power which is used for cryptocurrency mining. The website, The Hopepage, allows donors to designate a set percentage of computing power to divert to mining Monero on behalf of Unicef.

Also Read: Peter Thiel’s Founders Fund Thinks Institutional Investors Want In On Bitcoin

Unicef Australia Encourages Donations of Computing Power Through In-Browser Monero Mining

Unicef Australia Launches Crypto Mining Donation Platform Unicef Australia has launched The Hopepage, a website that the company states will “allow Australians to provide help and hope to vulnerable children by simply opening the page while they are online.”

The website states that users “select how much compute power they are willing to donate to the mining, safe in the knowledge the process will not store any personal information,” adding that “The longer you stay on the page and the more processor power you donate, the more algorithms get solved, which earns cryptocurrency.”

Unicef Australia director of fundraising and communications, Jennifer Tierney, stated “We wanted to leverage new emerging technologies to raise awareness about current humanitarian crises and raise funds to support children caught up in them. The Hopepage allows Australians to provide help and hope to vulnerable children by simply opening the page while they are online.”

Unicef Adopts Opt-In Coinhive Script

Unicef Australia Launches Crypto Mining Donation Platform The platform utilizes AuthedMine – an opt-in version of Coinhive’s API which was released by the company in order to fend off criticism of its product and to justify seeking lenient treatment from adblockers and antivirus products.

Unicef has advised that donors “may need to disable [their] ad blocker” in order to use The Hopepage. Unicef Australia digital engagement and content manager, Tony Tang, told local media that “Some ad blockers do disable the script, however, we ask that people that seek to donate disable this for our website. This is not dissimilar to media and news outlets requesting you to disable ad blockers to view their content. While it has potential to limit some users, we are still capturing new audiences we wouldn’t otherwise be able to reach.”

Unicef initially did not disclose that it was using Authedmine for The Hopepage, with Mr. Tang stating that the organization chose not to do such “in the same way we wouldn’t disclose server setups or configurations.”

Mr. Tang defended the transparency of the platform, stating “We are transparent in the fact we are borrowing a computer’s processing power, and provide the ability to choose how much power is donated. The donation is a one-time session, and needs to be approved by the user each time they visit the site. The Hopepage is entirely user-initiated, and they have the ultimate power to decide whether to participate or not.”

Unicef Experiments With Cryptocurrency Mining Donations

Unicef Australia Launches Crypto Mining Donation Platform In February, Unicef launched the Gamechangers program – through which the organization sought to recruit gamers to allocate processing power to mine Ethereum on behalf of Unicef.

According to Unicef Australia, funds raised through The Hopepage are currently being allocated to support organization’s efforts in responding to the crisis in Rohingya.

At the time of writing, 2,303 people were actively donating processing power through the platform.

Do you think that other charitable organization will seek to emulate The Hopepage and develop their own platforms through which donors can offer computing power for crypto mining? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


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PR: Mobile Platform Coinseed ICO Streamlines Cypto Investing

Mobile Platform Coinseed ICO Streamlines Cypto Investing

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

We all heard about bitcoin and the intriguing (more like confusing?) technology behind it. That is great but how do you actually benefit from this new invention without becoming an expert in it?

A lot of people have been turned off by the layers of complexity required to understand the many hard to understand concepts and steps to buying, selling and storing cryptocurrency. Then there’s the memorizing all the passwords and security devices for exchanges, and the many keys and wallets required to ensure that your cryptocurrency is safe. You’re probably thinking to yourself that there must be a solution out there that simplifies this.

Well, there is! One such company is Coinseed. By using their mobile app, you don’t have to deal with all the technical aspects of investing in crypto. All you need is to open an account with them and select the cryptocurrencies that you want to invest in. Their app balances high security standards, with ease of use – allowing users to invest in crypto with a click-of-a-button. In this era of technology, do we even expect any less? The app is actually a micro-investment platform similar to Acorns and Stash, allowing users to either automatically collect their spare change to invest or make recurring or one-time investment. The real value of the platform is actually allowing users to invest in cryptocurrency portfolios. In other words, you can invest just $5 in a portfolio of 10 different cryptocurrencies like Bitcoin, Ethereum, etc. There is more! You can see what other users of the platform are investing in and copy their investment portfolio to be your own. Talk about growing together.

As promised in the title of this article, Coinseed deals with all the technical headaches of buying, selling, and storing of your cryptocurrencies (it’s all held within the platform) so that you can just keep tapping on your phone. This one feature alone extends Coinseed’s potential global market significantly – a market that is now downloading the app in large numbers. If that was not enough, Coinseed is offering $5 referral bonus!

Coinseed recently began a round of capital raising through an ICO, after rolling out their finished app globally. “We’ve rolled out a constant stream of fresh features within the app and have also added a well rounded group of highly experienced advisors and team members. We are already profit positive and have over 10,000 users.” said co-founder Sukhbat Lkhagvadorj. Coinseed’s pre-ICO fundraising round came in at $200,000, and they are raising a further $10 million during their crowdsale that began on March 20th.

Contact address: ico.coinseed.co

Supporting Link
www.ico.coinseed.co

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Bitcoin Cash Tip Bots Are Making Rounds Across Social Media

Bitcoin Cash Tip Bots Are Making Rounds Across Social Media

At the moment, there are a few bitcoin cash (BCH) based tipping bots allowing the transfer of micropayments between Reddit users, Twitter feeds, and Telegram conversations. Over the past few months, the BCH community has been utilizing two micro-tipping bots that can transfer BCH on all three of these platforms.

Also Read: ADS Securities Adds Bitcoin Cash, Litecoin, and Ripple CFDs

Tippr the Bot That is Spreading Bitcoin Cash Across Reddit and Twitter

Bitcoin Cash Tip Bots Are Making Rounds Across Social MediaThe bitcoin cash community likes to spread adoption, and these days they have been using tools that help spread the use of BCH across the internet and even over SMS (Short Message Service) as the currency can be sent as a text message. A few months ago there was an application called Cash Tipper that allowed Reddit users to tip each other BCH but the platform has since gone offline. Following that tipping platform, a new bot called Tippr that BCH proponents can use on both Reddit and Twitter platforms.

The tipping bot Tippr has distributed thousands in BCH since its creation on both platforms. According to Tippr statistics, the bot currently has 11,810 users who have sent 25,576 tips just on Reddit worth $85,261 (59.9 BCH). Users like ‘Asicshack’ are very generous as the Reddit user has given away $7,582 in BCH to fellow users. The top eight largest tippers have spent well over $2K per individual. On the receiving end, some users in the bitcoin cash community have reaped the benefits of Tippr’s services. For instance, the lead developer of Bitcoin ABC, Amaury Séchet (Deadalnix) has received over $2,300 worth of BCH.    Bitcoin Cash Tip Bots Are Making Rounds Across Social Media

Tip People on Telegram With TipmeBCH

Another platform, Telegram, is one of the most popular instant messaging applications worldwide, and just recently the platform announced the accumulation of 200 million active monthly users. A large portion of users on Telegram are cryptocurrency proponents and there’s a wide array of different digital currency channels and groups. Further, there are many tools on Telegram that crypto-enthusiasts use on the platform to get news bots and automated Twitter and Reddit feeds. One unique tool on Telegram is the app ‘Tip me BCH’ an in-line bot that enables Telegram users the ability to tip each other bitcoin cash.

Bitcoin Cash Tip Bots Are Making Rounds Across Social Media

The developer Andreas Brekken created ‘Tip me BCH’ so users can tip friends and random Telegram users pennies or even dollars worth of BCH. The bot works very well on the instant messaging application and the bot offers a list of commands like “deposit,” “tipbch,” “balance,” and more. Brekken details that users should only keep a small amount of funds on the bot as there could be a loss of BCH if there happened to be a bug. The ‘Tip me BCH’ codebase is available on Github for review. Brekken states on the repo that the software is “highly experimental and may lead to loss of funds.”

Bitcoin Cash Tip Bots Are Making Rounds Across Social Media

So far both ‘Tip me BCH’ and Tippr has been welcomed by the BCH community and the applications are getting their fair share of users. Bitcoin cash proponents believe platforms like these will definitely spread adoption by showing how cheap and easy it is to send BCH.

What do you think about Tipme BCH and Tippr? Let us know what you think about these apps in the comments below.


Images via Tippr, Shutterstock, and TipmeBCH


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