PR: Roger Ver Joins Azbit Crypto Exchange Advisory Board

Roger Ver Joins Azbit Crypto Exchange Advisory Board

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 are elated to announce that Roger Ver, CEO of Bitcoin.com and Mate Tokay, COO of Bitcoin.com joined Azbit as our Advisors!

Apparently the subject on everyone’s mind today is “Roger Ver is planning to open his own cryptocurrency exchange”. The global crypto community of course took his statement seriously since “Bitcoin Jesus” has a good eye for the major upcoming industry trends.

This is an approach that Azbit fully supports: we firmly believe that the world needs a truly multi-functional, reliable, and functioning exchange. And that is what we are working on right now. We are sure that people should be able to get all the financial services they need in a single place. This is why Azbit is building blockchain banking together with an in-built multi-exchange and investment platform.

Azbit’s multi-cryptocurrency exchange is currently 80 percent ready. It is based on the Bitsane crypto exchange, which has been successfully operating since 2016 with more than $8,000,000 in daily transaction volume.

The official announcement of the partnership between Azbit and Bitcoin.com was made right on board at Blockchain Cruise 2018. After signing a document Roger Ver, CEO of Bitcoin.com, said: “We’re gonna to promote all Azbit products at Bitcoin.com so the whole world gets to know the great project that Azbit is building. They build platform, we promote it, the users come and everybody is happy!”

“Bitcoin Jesus” Roger Ver is billionaire, crypto enthusiast, investor, businessman, and one of the most influential people in the world of crypto and blockchain. He has recently participated in at least four ICOs as an advisor. All these projects have successfully raised the planned hard cap – from 15 to 50 million USD.

Roger Ver and Mate Tokay are always on top of things – сertainly, this was the beginning of our significant cooperation. Our advisors’ boundless knowledge about cryptocurrencies and blockchain will raise Azbit project to the new level and offer our customers a truly great product.

The strongest aspects of the Azbit project:
Truly new idea of combining the most popular and in-demand financial services that currently exist separately.

Azbit AG (a joint-stock company) has been registered in Switzerland and thereby authorized to issue shares. It gives us the brilliant opportunity to issue tokenized shares during the crowdfunding campaign. AZ token holders will receive the dividends in this connection. Azbit will share 75% of the total platform’s fee; all payments (in AZ tokens) via airdrop will be made monthly. Income statements and audits will be published regularly on Azbit.com.

Azbit has obtained a securities exemption from the U.S. Securities and Exchange Commission (SEC) under Rule 506(c) of Regulation D. The project also has a Payment Institution license in the Czech Republic (in the E.U.)

Azbit had successfully finished Private sale and moved to the next level – Pre-ICO campaign is underway. Early investors can get the maximum bonus – up to 30%.

Website: https://azbit.com/
Page on Bitcointalk: https://bitcointalk.org/index.php?topic=4382120.0
Telegram: https://t.me/azbit_com
Facebook: https://www.facebook.com/azbit.news/
Instagram: https://www.instagram.com/azbit.news/
Twitter: https://twitter.com/azbit_news
Medium: https://medium.com/@Azbit_news

Contact Email Address
info@azbit.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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BCH Devcon Streamlines Bitcoin Innovation in San Francisco

BCH Devcon Streamlines Bitcoin Innovation in San Francisco

Last week, on Oct. 10-11, Bitcoin Cash developers gathered in San Francisco for the first of many BCH Devcons hosted by Bitmain’s blockchain development fund Permissionless Ventures. A slew of teams participated in the three-day hackathon resulting in two big winners who took home 15 BCH worth of winning prizes.

Also read: Russian Crypto Groups in Telegram Increase Membership Despite Ban

Three Days of Bitcoin Cash Development and Innovation

San Francisco hosted the first BCH-centric developer hackathon hosted by Permissionless Ventures. Fifteen teams gathered to the city for the BCH Devcon where it saw software programmers from all around the world build new projects using the Bitcoin Cash protocol. Further, the participants had help from technical advisors stemming from BCH projects such as Bitbox, Coinbase, Money Button, and Bitcoin ABC. Representatives from Bitcoin.com who attended the hackathon said the event was a huge success as many programmers submitted very interesting concepts during the three day run.

BCH Devcon Streamlines Bitcoin Innovation in San Francisco
Fifteen teams competed for prizes by hacking away at BCH code to build killer apps using the protocol.

Some of the projects submitted include a local BCH trading application called Nearby Cash, Pixelwallet, a project that attaches BCH to pictures in a steganographic fashion, Cashygram, a BCH payment tool for Telegram, and a voting protocol called Bitvote that enables anonymous voting using the BCH chain. Other projects included solutions geared towards the Wormhole protocol and smart contract capabilities. The development team ‘Mac & Gs’ created a game based off the Simple Ledger (SLP) token protocol.

BCH Devcon Streamlines Bitcoin Innovation in San Francisco
Mac & Gs team uses SLP in a game. 

A Dish Served With Yenom, Broccoli, and Mac & Gs

The first place winner went to the Japan-based development team, Yenom, who created a Money Button-like application that’s more akin to the Badger Button but without tokens. Yenom also developed a chrome extension that enables micropayments, and an app called ‘Kittyhub’ where you pay $0.05 to remove annoying ads online.

BCH Devcon Streamlines Bitcoin Innovation in San Francisco
The Japan-based Yenom team takes first place at the BCH Devcon winning 10 BCH.

The second place winners went to the creators of the application Broccoli.cash, which enables cheap batched transaction services and invoicing so employers can pay part-time and full-time contractors in bitcoin cash. The ‘Mac & Gs’ crew got an honorable mention for their SLP-powered game protocol.        

After the conference, news.Bitcoin.com spoke with the creator of Bitbox, Gabriel Cardona, a BCH Devcon judge who told us the first event was filled with energy and enthusiasm.  

“The first BCH Devcon is a milestone for our entire industry — The BCH Gang traveled from all over to meet up and show the world what’s possible with Bitcoin Cash,” Cardona explained to news.Bitcoin.com.

The Bitbox developer emphasized further:   

The event was amazing and the judges agree that the quality of submissions was higher than anyone expected — Right now Bitcoin Cash is transitioning between chapters. The work we did during chapter one has set the stage for an explosion of utility and apps as was demonstrated at the BCH Devcon.

BCH Devcon Streamlines Bitcoin Innovation in San Francisco
The Broccoli team took second place with an app that does payroll in BCH.

Members of the team who built the Broccoli.cash project also explained to news.Bitcoin.com that the event was a great success among everyone who attended. Since the upgrade last May, the BCH ecosystem has seen a surge in development and newly created applications. BCH Devcon attendees explained to our newsdesk that events like these help curate an innovative environment that will help bolster the Bitcoin Cash economy.

What do you think about the BCH Devcon series hosted by Permissionless Ventures? Let us know in the comments section below.

Disclaimer: Bitcoin.com was a sponsor of the BCH Devcon in San Francisco.


Images via Gabriel Cardona, Yenom, Broccoli, and the BCH Devcon.


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An In-Depth Look at the Keepkey Cryptocurrency Hardware Wallet

Keeping cryptocurrencies safe is a fundamental part of participating in the digital economy, and hardware wallets have become popular security solutions. These days there is a slew of devices on the market, each with its own options and features. One of these is the Keepkey wallet, a product that’s been well received by digital currency investors over the last three years.

Also read: A Review of the Swiss-Made Digital Bitbox Hardware Wallet

The Keepkey Hardware Wallet

Testing and Comparing the Multi-Cryptocurrency Hardware Wallet KeepkeyEarlier this week I took a look at the Keepkey hardware wallet, a device that allows users to store multiple cryptocurrencies in a secure fashion. Keepkey is sold for US$129 per device, which is more expensive than the Ledger Nano, Coolwallet S, and Trezor One. Nevertheless, the small rectangular device is more pleasing to hold and the screen looks very nice when the Keepkey is operating. The case the Keepkey comes in is packaged well and resembles an unopened Apple product. Keepkey, Coolwallet, and the Ledger all have well-packaged boxes compared to the Trezor One packaging.

Testing and Comparing the Multi-Cryptocurrency Hardware Wallet Keepkey
Keepkey’s PIN system is identical to the Trezor entry method. Numbers are displayed on the device and the user has to submit the order on the Keepkey client’s on-screen pin-pad. 

The black Keepkey box is sealed in plastic wrapping and when removed there’s also a piece of tamper-resistant tape holding the box closed. After inspecting the tape and making sure the box has not been opened previously, a knife is needed to cut the tape’s seal. Inside the box is a Keepkey, a 12-word seed card, a USB cord, and some warranty information. The Keepkey has a plastic anti-scratch film laid over the device’s screen and is encased in black foam. Keepkey’s large OLED screen is pleasing to look at and is probably one of the device’s best features. After opening the Keepkey, I headed over to the company’s Getting Started page and downloaded the Keepkey application for Google Chrome. Keepkey only works with Chrome, but it’s the same with most hardware wallets now.

Connecting to Chrome and Initializing the Seed

After installing the application to Chrome, the platform asks you to plug your Keepkey in to get started. Immediately after initiating the Keepkey it required a firmware update and would not start the process of initiating a seed until the firmware was downloaded into the device. Removing the USB cable from my Keepkey was an uncomfortable feeling and it took a bit of force to insert and remove the cord compared to other devices. Ledger Nano is probably the best as far as connecting the cord, with the Trezor One following behind because my Trezor device has always had a weird connection feeling as well. However, after using the USB connection a few times with the Keepkey, connecting was easier and got much more comfortable to insert over time.

Testing and Comparing the Multi-Cryptocurrency Hardware Wallet Keepkey
Overall the Keepkey user interface is fairly intuitive and easy to navigate.

Moving on, the Keepkey begins by initiating a new device name, seed and PIN. The program makes you double check the PIN twice and then asks you to write down the seed phrase, which is located on the device itself. Unlike other hardware wallets, the Keepkey does not require you to double check the 12-word phrase. After this process, you are granted access to the first account which is dedicated to BTC. In order to add other cryptocurrencies, there is a dropdown menu that allows users to add BCH, DOGE, LTC, ETH, plus a range of ERC20 tokens.

Transactions, Shapeshift, and Comparisons to Other Models

Unlike other hardware wallets, Keepkey needs to be plugged in to view accounts and they can’t be seen when the device is disconnected. After the initial seed had been set up, I created a bitcoin cash (BCH) wallet to send myself some funds. Anytime I test a new wallet I always send a small fraction of crypto just to make sure the application is working properly. The wallet immediately saw the transaction; you can view confirmed and unconfirmed transactions in a separate window that’s tethered to a block explorer.

Testing and Comparing the Multi-Cryptocurrency Hardware Wallet Keepkey
Keepkey transactions can be viewed in a separate window and searched with the platform’s tethered block explorer.

The Keepkey’s interface is fairly intuitive, and you can change things like the PIN or use the wallet’s in-client Shapeshift option within the settings section. Sending and receiving is simple and the actual device itself is used for signing verification, while also showing sending/receiving addresses on the screen as well.

Testing and Comparing the Multi-Cryptocurrency Hardware Wallet Keepkey
Keepkey shows account addresses on the device’s screen.

Following the transaction, I decided to look at the client’s Shapeshift integration. Keepkey is owned by the firm Shapeshift AG and was one of the first hardware wallets to offer trading abilities within the wallet. Recently, however, Shapeshift has changed the platform’s business model to a membership exchange and all Keepkey users have to register using the client.

Testing and Comparing the Multi-Cryptocurrency Hardware Wallet Keepkey
Keepkey users can use Shapeshift in-wallet but have to register for the company’s membership program and verify their identity in order to trade.

The required items needed to use Shapeshift include a verified email and the user must submit a photo ID to trade. All of these tasks can be done through the Keepkey client and a quick email verification. After the account is processed you can trade on the Shapeshift exchange in-wallet using the “quick” or “precise” trading options.

Overall, the Keepkey operates fairly smoothly and I didn’t really have any problems throughout the setup and funding the device. The Keepkey’s user interface is more comfortable to move around and use than the Ledger Nano, and Keepkey operates similarly to the Trezor One. Unlike the Trezor or Ledger, the Keepkey uses one button navigation but still works fluidly with the wallet’s tasks like sending and receiving. The device doesn’t have support for too many cryptocurrencies right now, and other products offer a greater selection. But as far as the coins it does hold, the Keepkey offers an easy to use operating system and is just as secure as its competitors by using similar opsec techniques.

What do you think about the Keepkey hardware wallet? Let us know what you think about this device in the comment section below.

Disclaimer: This editorial should be considered Review or Op-ed material. The opinions expressed in this article are the author’s own. Bitcoin.com does not endorse nor support views, opinions or conclusions drawn in this post. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Review editorials are intended for informational purposes only. There are multiple security risks and methods that are ultimately made by the decisions of the user. There are various steps mentioned in reviews and guides and some of them are considered optional. Neither Bitcoin.com nor the author is responsible for any losses, mistakes, skipped steps or security measures not taken, as the ultimate decision-making process to do any of these things is solely the reader’s responsibility. For good measure always cross-reference guides with other walkthroughs found online.


Images via Jamie Redman, Keepkey, Shapeshift, and Pixabay. 


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Korean Crypto Exchange Sued for Controversial Token Schemes

Korean Crypto Exchange Sued for Controversial Token Schemes

A lawsuit has reportedly been filed in South Korea against a local cryptocurrency exchange over its price-pumping schemes involving token issuance. The suit alleges that Cashierest’s token which pays dividends and rebates transaction fees to investors violates the country’s capital markets law.

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

The Lawsuit

South Korean law firm Aone filed a complaint with Seoul Central District Court on Oct. 5 against Newlink Co. Ltd., the owner of crypto exchange Cashierest, according to local media. Lawyer Kim Dong-joo at Aone’s Seocho branch explained that his firm is pursuing charges against the crypto exchange for deviating from the public interest in order to restore the health of the cryptocurrency market, Zdnet Korea conveyed.

Korean Crypto Exchange Sued for Controversial Token Schemes

The publication described one of the schemes used by the exchange as “Criminal pumping, the so-called ‘cage pumping,’ which induces price increases while restricting the withdrawal of cryptocurrency.”

Korean Crypto Exchange Sued for Controversial Token SchemesThe suit alleges that Cashierest has committed two illegal acts by issuing its “dividend coin [called] cap (CAP)” on the capital market, according to the news outlet. The first is a “violation of the securities issuance procedure,” as defined in Article 119 of the country’s Capital Markets Act. The other is a violation of Article 178 which prohibits unfair trading. The publication emphasized that the exchange engages in unfair practices to pump the price of its token.

Dividends, Trade Mining, Referral Mining

At the heart of the lawsuit is CAP, the exchange’s own token. First issued in August, the token has three features: dividends, trade mining, and referral mining. CAP’s whitepaper reads, “By possessing CAP, you can receive 100% of profits of Cashierest’s exchange charges. Regarding charges issued with each market (KRW, BTC, ETH, TUSD), the refund of charges will be 100% refunded in each applicable currency.”

Korean Crypto Exchange Sued for Controversial Token Schemes

Under the dividend section, Cashierest’s website explains that the coin “pays the first dividend in KRW,” adding that it also pays “100% of the Cashierest transaction fee revenue in KRW in proportion to the customer’s CAP reserves by two snapshots a month.”

Under the trade mining section, the website states that “The transaction fee is 100% refunded, and returns 70% of the transaction fee to the trader.” Trade mining has been called controversial and a scam. Binance CEO Changpeng Zhao, for example, said in July:

The cleverly masked selling of coins through enticing words like trade-mining… these models are simply scams to sell their coin(s), and not great innovations.

The last of CAP’s features is referral mining which allows referrers to receive 30 percent of the transaction fees paid to the exchange by their referees, the exchange detailed.

In April, news.Bitcoin.com reported on Cashierest having a computer system glitch that allowed customers to withdraw more coins than intended.

What do you think of this Korean exchange’s token schemes? Let us know in the comments section below.


Images courtesy of Shutterstock and Cashierest.


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ICO Activity Down 90% This Year, Research Shows

ICO Activity Down 90% This Year, Research Shows

An independent study by Autonomous Research has found that initial coin offering (ICO) activity globally has dropped over 90 percent this year. With the high of about $3 billion in funds raised by token sales at the beginning of this year, September investments were less than $300 million, according to the firm.

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

ICO Activity Plummeted

ICO activity was significantly down in September, according to a study by Autonomous Research. The firm wrote:

Last month saw about $300 million in ICO funds raised, with the month before that revised to a bit over $400 million, a far cry from the $2.4 billion in January of this year. If we include EOS and other chunky private token raises, the highs go to over $3 billion, suggesting that monthly ICO activity is down 90%.

Without taking “EOS and other chunky private token” data into account, the amount of ICO funds raised was down 88.53 percent last month from January. Otherwise, the drop reached 90.7 percent. “We’ve scrubbed token offering data from September, and the trend continues generally to be down,” the firm emphasized.

ICO Activity Down 90% This Year, Research Shows

Founded in 2009, Autonomous Research is an independent research company offering global investment research in the banking, investments, insurance, finance, and information service industries. Autonomous Next is the firm’s London-based practice focusing on “the impact of technology on the future of finance,” the firm’s website details.

Investors Losing Interest in ICOs

Autonomous Research noted three reasons that could explain the drop in token sale activity. “First, perhaps investors have devalued the idea of buying a utility token (does nothing yet, legally non-binding), and instead want to buy equity in the same companies,” the firm wrote. By examining “Pitchbook’s data on blockchain and bitcoin venture capital raises,” the firm found:

There is indeed a lagged effect in venture as well, with increasing drips of capital, reaching over $1 billion in August 2018.

ICO Activity Down 90% This Year, Research Shows

The firm believes that there are two reasons for this observation: “fintech companies like Robinhood and Revolut pivoting into crypto” and “Bitmain trying to vacuum up capital before the public offering.”

Security Token Offerings

ICO Activity Down 90% This Year, Research ShowsThe second factor for the decrease in ICO activity concerns security token offerings (STOs). According to the U.S. Securities and Exchange Commission (SEC), ICOs may be securities offerings and fall under its jurisdiction. “STOs are the new ICOs,” wrote blockchain consultant Michael K. Spencer, elaborating that “security tokens are actual financial securities.”

Citing that investments in security token offerings have not grown to full strength, Autonomous Research emphasized:

STOs won’t hit the market in earnest for another half-year at least due to regulatory indigestion.

The last reason the firm put forward relates to “the collapse/crisis in Chinese P2P lending since 2015, and whether that risk-seeking capital wound up in ICOs.”

While China attempted to shut down all service providers of cryptocurrencies and ICOs, token sale activity remains. The People’s Bank of China (PBOC), the country’s central bank, admitted last month that a number of crypto trading platforms originally set up in China have left the country to operate overseas but continue to provide service to domestic users. In August, news.Bitcoin.com reported that P2P crypto lending grows increasingly popular in China.

Do you think ICO activity will pick up soon? Let us know in the comments section below.


Images courtesy of Shutterstock and Autonomous Research.


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