Litecoin (LTC) Surges Despite Litecoin Cash (LCC) Lift Off

Litecoin (LTC)

Litecoin (LTC) is surging on the market today, as most of the top ten remain stagnant. LTC is currently trading for $247.59, up 10.02%, in 24 hours.

Source: CoinMarketCap

In the past week, Litecoin has surged nearly 60% in its price. The start of its surge was from LitePay Inc’s announcement of a new payment platform made specifically for Litecoin. The tweet reads, “We started because the people asked BitPay to accept LTC. They wouldn’t so we took the challenge.” The company will begin signups for its platform on February 26th, as ...

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PR: Smart Contract Platform Fabric Token Raises More Than $1 Million in Less Than a Day After ICO Open

Smart Contract Platform Fabric Token

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.

Fabric Token (FT), a New Token Developed on Ethereum, Aims to Provide a Way for Anyone to Create and Deploy Their Very Own Smart Contracts or Decentralized Applications (DAPPs).

The FABRIC TOKEN ECOSYSTEM, a platform, which will allow users to generate smart contracts and DApps, without resorting to technical experts, has raised more than 1.1k ETH (currently equal to more than $1 million USD) in less than a day after ICO open.

The ICO has a hard cap of 8,906.5 ETH, currently equaling close to $8.5 million USD. The Fabric Token ICO will run until the hard cap is reached or until April 1st, 2018.

Unsold tokens will be burned at the end. The FT ICO has a minimum cap of 0.1 ETH and a maximum cap of 9 ETH on contributions. 1 ETH currently purchases 8,000 FT.

The Fabric Token ecosystem is composed of four elements – The Fabric Token itself, TokenGen, DApp Workbench and the Fabric Store. Through the Fabric Token ecosystem, we will solve several essential problems in the adoption of blockchain technology and smart contracts, including multiple difficulties in the development of smart contracts, mainly with the Solidity programming language on the Ethereum blockchain; the lack of an official testing framework for Solidity, and the current problems of both intra- and inter-organizational business processes.

The four main components are as follows:

The Fabric Token, which will be used solely as a utility to make payments for products and services within the FT ecosystem.

TokenGen, which will allow users to easily generate smart contracts for their tokens and fundraisers, therefore shifting their focus from this unexplored and underdeveloped area to the thing that matters most – their idea.

DApp Workbench, which will allow businesses of any size, to easily integrate blockchain and smart contracts within their company’s intra- and inter-organizational business processes as well as model, manage, and improve their workflows using an intuitive drag-and-drop interface with a BPMN diagram representation for the workflows.

The Fabric Store, which will allow third-party developers to create smart contract components, thus further expand the functionality scope of our software, while also promoting the Fabric Token ecosystem to an ever-growing group of users and businesses.

We firmly believe that blockchain technology and smart contracts will play a huge role in the radical improvement of numerous multi-billion dollar industries and government institutions. This provides an imperative for creating a bundle of simplified user interfaces in order to enhance innovation in this developing industry. The Fabric Token ecosystem will empower individuals and businesses with easy access to blockchain technology and smart contracts thus allowing virtually anyone to participate, in one way or another, in building a decentralized and trustworthy world.

Contact Email Address
info@fabrictoken.io
Supporting Link
https://fabrictoken.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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Poland’s Central Bank Admits to Sponsoring a Smear Campaign on Cryptocurrencies

The post Poland’s Central Bank Admits to Sponsoring a Smear Campaign on Cryptocurrencies appeared first on CCN

The Central Bank of Poland has admitted to sponsoring a smear campaign against cryptocurrencies on Facebook, Google and Youtube. This news was first reported on a Polish news portal, money.pl. The controversial campaign was a video done by Youtuber Marcin Dubiel, titled “I LOST ALL THE MONEY?!” The video starts with a young man investing … Continued

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Venezuela’s Petro Coin Could Spur a Broader Rally in Cryptocurrency Prices

Venezuela launches Petro Coin

Venezuela launches Petro Coin today – almost 84 million tokens are initially available for sale. The government expects to circulate 100 million tokens in total, in a bid to generate over $6 billion.

Several virtual currencies claimed to be back by the dollar, but backing Venezuela’s Petro coin is crude oil.

Carlos Vargas, the official in charge of managing the token, said investors could buy these tokes against “hard currencies” and cryptocurrencies, excluding fiat currency such as the bolivar.

Petro Coin Is Developed to Raise Cash

Though President Maduro faced a lot ...

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Crypto Olympics: Dash vs. NEM (XEM)

Crypto Olympics

Welcome to the Crypto Olympics: Day 11

Check out Day 10 of the Crypto Olympics

Coin vs. Coin – who will be crowned the Crypto Olympics Champ?

It’s a scattered market today with some coins up and some coins down. Today’s competitors will be Dash vs. NEM (XEM). Which coin will be able to ride the rollercoaster of the crypto market today without falling off? Vote in the comments below for your favorite.

In case you’ve missed it, these are the rules: we start with two coins and measure their gains and ...

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Bitcoin Core Wallet Introduces Full SegWit Support

The post Bitcoin Core Wallet Introduces Full SegWit Support appeared first on CCN

Bitcoin Core wallet is now SegWit compatible. SegWit was introduced in August of last year through BIP 141 (Bitcoin Improvement Proposal) and promised to bring noticeable efficiency changes to the Bitcoin network. However, whilst celebratory parties were held around the globe, many in the Bitcoin world were slow to adopt the new technology – including developers

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Israeli Bitcoin Company Sues Banks for Not Letting it Open Accounts

Israeli Bitcoin Company Sues Banks for Not Letting it Open Accounts

An Israeli company that was created in January has gotten its business rejected by all banks in the country, and is now suing them. Without a bank account, an Israeli exchange would not be able to legally receive fiat transfers from clients, effectively preventing it from starting operations.

Also Read: Israel Tax Authority: Bitcoin is Property, Not Currency

Banking Cartel

Israeli Bitcoin Company Sues Banks for Not Letting it Open AccountsBitflash LTD, a new Israeli company which was established to provide digital currency trading services based in Acre, has asked the Tel Aviv District Court on Sunday to order all 11 banks in the country to open a current account without credit for it. The company claims that the banks’ refusal to open an account for it is in violation of the law and shows lack of good faith, as some of them manage similar accounts for competing companies.

The lawsuit states that there is a concern that the banks have illegally incorporated as a cartel and unjustifiably prevent the opening of the account to the plaintiff, thus thwarting its activity and causing it ever increasing damages on every passing day it is unable to operate. Unfortunately for Bitflash, the court ruled last year that a bank can refuse to work with a bitcoin exchange in the case of Bits of Gold vs. Leumi. However, by focusing on the banks as a cartel instead of each individually the company might persuade the court that they should not have the collective power to prevent the growth of a new industry.

Banks All Say No

Israeli Bitcoin Company Sues Banks for Not Letting it Open AccountsAccording to Bitflash, since its establishment over a month ago, it approached a number of branches of each Israeli banking corporation for the purpose of opening an account, but was outright refused on the grounds that its business in digital currencies is not to the liking of branch managers. In some of the branches the company was told explicitly that “the bank’s policy is not to open accounts for those who deal with digital currencies, regardless of the nature of the business.”

According to the plaintiff, through its attorney Alon Huberman, the company emphasized to the representatives of the banks that it has no need for credit, its account will be in perpetual positive credit balance, and that it needs only a current account that will allow the transfer of money from its clients inside Israel to its account. According to company, some of the banks justified the refusal by claiming that they would not be able to trace the source of the funds deposited in the company’s account, but even after it was made clear to them that the account would only be used to transfer funds from individuals and entities with a bank account at the same bank, removing this fear completely, they still refused.

Should banks be allowed to refuse to open accounts for bitcoin companies? Share your thoughts in the comments section below!


Images courtesy of Shutterstock.


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