Bitcoin Facing Decisive Year in 2018, Says Legendary Investor

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Elevation Partners co-founder and tech investing legend Roger McNamee said that he believes 2018 will be a decisive year for bitcoin.

Why 2018 is Decisive for Bitcoin

Speaking with CNBC, McNamee — an early Facebook investor — explained that next year will be crucial in determining whether bitcoin’s ascent is sustainable over the long-term or whether it will prove to be a short-term asset bubble.

Bitcoin is “still a very small market in the context of the larger financial world, but it has had a huge year,” McNamee said on “Fast Money.” We’ve done it around a speculative mania…”If a mania goes on long enough, it becomes self-fulfilling. Even after a crash, what follows is a legitimate industry.”

McNamee compared it — favorably — to the dotcom bubble that occurred at the turn of the millennium, recognizing that although the bubble caused a brief recession it spawned a legitimate, transformative industry.

The key, he said, is that bitcoin continues to captivate investors long enough that the “mania” becomes “self-fulfilling,” and he believes that this will be apparent by the end of 2018.

“With the amount of activity going on around it, there are people willing to invest the kind of dollars it takes to make a thing like bitcoin into a long-term part of the financial market,” he said. “You’ll have these big swings, up and presumably down, as well. And, you know, wherever that settles out I think will tell us a lot about the role of bitcoin long-term.”

Increased Institutional Involvement Needed to Prevent Collapse, Says Economist

McNamee is not the only industry observer who believes bitcoin has reached a crucial juncture in its short history.

Mohamed El-Erian, the chief economic adviser at European asset management giant Allianz, said earlier this week that he believes bitcoin’s recent downtrend could prove to be a “moment of truth” for the upstart cryptocurrency.

Noting that, despite the advent of bitcoin futures, institutional investors have yet to make a splash in the cryptocurrency markets, he said that how Wall Street responds to the correction could prove decisive in the asset’s long-term trajectory.

“Either this sharp price correction will act as a catalyst for expanding…institutional involvement in this market — or it will become a stage in the deflation of a remarkable and historic asset bubble,” El-Erian concluded.

Write to Josiah Wilmoth at josiah.wilmoth(at)cryptocoinsnews.com.

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Cloak’s Transaction System Enigma Is Open Source – A Milestone for Privacy

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

 

After three years of hard work, countless hours of programming, passion and perseverance for a shared vision, CloakCoin has reached a new milestone in building the world’s safest cryptocurrency.

ENIGMA, the in-house payment system is open source as of 31st December 2017. Anyone can now take advantage of CloakCoin’s Transaction System.

At the heart of CloakCoin is ENIGMA, protecting you from access by third parties, such as hackers, official bodies or any unwanted parties. The blockchain payment system encrypts the transactions of users and prevents transaction tracking while providing secure transactions with a maximum processing time of 60 seconds.
Thus, CloakCoin’s ENIGMA ensures full privacy combined with speed.

Many advantages that are hard to find at other cryptos and which are now easily accessible to you, the end user.

By making ENIGMA freely available, CloakCoin aims to provide its community with the transparency it deserves and gives prospects the opportunity to leverage their proven payment system.

While your own privacy is being eroded day by day, piece by piece, CLOAK rebuilds it where it matters most. ENIGMA protects your finances and transactions from sightings by unwanted parties. With the Open-Source, the team of the CloakCoin expressly declares this security. The team now stands behind the promise of making its technology freely available.

A clear manifesto at a time when heroes like Edward Snowden are being persecuted by the law and espionage is being run by the state on a grand scale, protection is more important than ever before. Nobody should give away more information than he or she wants to reveal.

Along with this manifesto and the resulting enhanced transparency, there is an opportunity to collaboratively advance CLOAK. The community, technology experts and prospects are encouraged to use its technology freely and share these improvements with the Cloak team. By doing so, CLOAK expects to receive new impulses from outside and acceleration of its establishment in the markets. The common welfare stands in the foreground.

CloakCoin is aiming for a whole new level, which will be confirmed by a quality audit of an external company in January and increased promotion of the ENIGMA technology. Already CLOAK’s current increasing value confirms its growing prominence.

CloakCoin redefines data privacy and makes its vision become reality.

Website: http://www.cloakcoin.com

Chat. http://chat.cloakcoin.com

Open Source: https://github.com/CloakProjectDev


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Most Valuable AI Medical Blockchain Project AIDOC Officially Launched

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

 

[Now join AIDOC official Chinese telegram group (https://t.me/AidocMe) to get 7 AIDOC tokens (about 0.6 dollars) for free! Also chances to win an IphoneX if you bring your friends to the group. More promotional activities will be announced after AIDOC get listed on exchanges. Stay tuned for more information later ]

AIDOC, whose English name AI Doctor, is a AI super doctor based on blockchain. With AIDOC, 3veryone can has their own Batmax!

Headquartered in Singapore, AIDOC is an international AI smart medical application platform development team with members from all over the world. Its core members are all industry-leading developers or experts in the field of AI and healthcare, with several years of development experience and resources accumulation in applying new technologies tomedical industry.

IDC once predicted that by the year 2020, the global medical data volume will reach 40 trillion GB, about 30 times as the one in 2010. It is foreseeable that the powerful combination of “medical + artificial intelligence + blockchain” will undoubtedly be a viable solution to the current dilemma of the medical industry. The revolutionary business model and technological innovation will be able to get through the medical industry from the ground up, so all parties are given the opportunity to realize the increase and free movement of value and all the participants will be fully connected. By integrating the resources of the health industry and deeply exploring the value of health data, AIDOC helps to maximize the value of the participants in the chain.

AIDOC’s value

According to the design standards in the whitepaper, the core value of AIDOC lies in the following two sections:

NO1.  AI super doctor AIDOC

AIDOC will create a digital profile for each registered user using AI and virtual imaging technology for free. With vital signs and pathological data uploaded, the digital profile will be more and more completed and closer to the real user.  Then, you will be able to understand your physical condition fully and timely by monitoring the digital figure in the virtual environment in real time. Also, you will be make corresponding lifestyle change or get targeted treatment according to the advice provided by built-in AIDOC super doctor. It is not just a private AI super doctor that can guard us 24/7, it also has an autonomous and uninterrupted learning ability that enable it to convoy human health tirelessly.

AIDOC will gradually incorporate advanced blockchain-related technologies such as homomorphic encryption, differential privacy and discrete storage to ensure the safety of the vital sign date uploaded by the user

NO2. The first endogenous token system that mines using vital signs data

By incorporating an endogenous token AIDOC in the system, AIDOC solves the problem of inter-block blocking in the process of value transfer between the various modules of the system, and thereby conferring economic value to the tokens to make it more conducive the dissemination and promotion of products.

Way to obtain AIDOC token

Generally, there are three ways that a user can obtain AIDOC token:

  1. During the pre-release phase of the project, AIDOC tokens were replaced. It was initially determined that using Ethereum ETH as a replacement channel, the AIDOC tokens to be exchanged would be free to circulate within the system for value transfer and may be transferred between different accounts.
  2. The day-care provider will adopt a method of “digging” for AIDOC tokens through the use of vital sign data stored in real time into personal “life-banking” accounts.
  3. In addition to the above methods, you can also get more AIDOC tokens through other channel transfer to buy, according to statistics, there will be a number of well-known exchange AIDOC trading intermediary services;

The AIDOC tokens users get through various means are automatically stored in their personal accounts and can be used to purchase a variety of products and services in the system. Of course, the tokens can also be sold to others to realize real benefits.

Technical advantages

AIDOC has now acquired the strategic medical support of MEDP.AI. Founded in January 2015 by senior scientists from Baidu and Microsoft and well-known professors from top universities, the team is a leading medical artificial intelligence company in China. The company has successively developed several kinds of artificial intelligence products such as chest CT intelligent auxiliary diagnosis system, chest X-ray intelligent auxiliary diagnosis system, ECG intelligent analysis system and medical document intelligent identification system, provided services to hundreds of medical institutions, and acquired more than 40 national patents and related technology rights. Its core technology members have won many best paper awards in international top magazines and conferences such as IJCV, CVPR and ICCV, and won top prizes in many international evaluations such as FAT and Middlebury .

The two parties have obtained billion-scale investment (RMB) from the world-renowned investment institutions such as Redpoint Ventures, New Vision Capital, Yilian Capital, Aplus Capital, as well as famous investment institutions in the field of blockchain such as Node Capital, Link Capital, Geek Capital and others.

The collaboration between AIDOC and MEDP.AI is accidental. Shizhan Wu, the founder of MEDP.AI, was one of the earliest block chain entrepreneurs in China. As early as the concept of block chain was still in its infancy, he has jointly established the well-known blockchain asset trading platform Yuanbao.com with the pioneer in blockchain industry Di Deng. Also, Wu is the co-founder of world’s first listed company in blockchain industry Tai Cloud/yuanbao token

(Wu Shizhan, founder & CEO of MEDP.AI, big data and blockchain experts, senior architect

50 major leaders of healthcare industry in 2017, executive director of China Precision Medical Industry Innovation Alliance, director of China Non-public Medical Association and director of CMFF AI Professional Committee. Former chief of Baidu commercial big data team leader and the market chief data officer, has a wealth of big data management and mining experience, especially for high concurrent high availability environment, a large number of operations have in-depth research and practice. Prior to founding Medicare, he was the co-founder of Taiyun Cloud / Yuanbao, the first blockchain listed company in China, and had deep understanding and research in the area of blockchain. )

AIDOC project development direction and domestic prospects

AIDOC already has a well-formed product model and a large and professional background of resources at the beginning of the project release. Apart from the popular label of blockchain and medical treatment, AIDOC is still expected to radiate broader fields. Artificial intelligence, big data and blockchain technology, deep integration, technology will bring disruptive innovation experience for users.

It has been revealed that AIDOC’s product launches and marketing plans are expected to be opened simultaneously in the near future on a global scale, and there will also be a corresponding incentive mechanism promulgated.

The core value of AIDOC in the current phase lies in obtaining “to mine” the token through vital signs data. User vital signs data is now mainly from third-party applications, such as iOS health data center, health APP and so on. A number of smart medical hardware sensor vendors are now working closely with AIDOC to launch customized smart medical hardware to get more accurate vital sign data and avoid cheating and the emergence of the “Wool Wool Party” To ensure that the interests of users are not infringed.

According to the person in charge of the project, the new model of “blockchain + medical treatment of artificial intelligence and big data technology” will be popularized in the future. In the future, AIDOC will make people’s vital signs data more accurate through smart medical hardware Will prevent some cheating, the most important thing is through the hardware to the user more benefits.

Other Information Please be aware of the AIDOC Chinese Telegram Bulletin: https://t.me/AidocMe

Chinese Telegram Group QR code:

Or add AIDOC customer service WeChat: AIDOC-1024 into the WeChat group to keep abreast of the progress of the project

AIDOC customer service micro signal two-dimensional code:


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$1 Million Bitcoin Ransom Reportedly Paid for Kidnapped EXMO Executive

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On December 26, 40-year-old IT specialist and bitcoin exchange executive Pavel Lerner was kidnapped in Kiev, Ukraine. He was reportedly forced into a Mercedes-Benz Vito by unknown assailants wearing dark clothes and balaclavas. Lerner, a leading analyst at cryptocurrency exchange EXMO, stopped answering the phone after leaving the company’s offices.

Speaking to Reuters, Anton Gerashchenko, an advisor to the Ukrainian Interior Minister Arsen Avakov, stated that Pavel Lerner was released after a $1 million bitcoin ransom was paid. Per his words, it seems either Pavel Lerner or EXMO paid the ransom, but at this point it’s unclear who actually did it. Per a statement EXMO released, Pavel didn’t have access to the financial assets of users, and the platform kept operating normally.

Notably, Gerashchenko added that this is the “first such case in Ukraine linked to bitcoin,” a potential hint at just how big cryptocurrencies are becoming. Kiev police begun investigating the crime on December 26, and so far it has only admitted it launched a criminal investigation after a man was kidnapped in the Obolon district, without revealing the victim’s name.

After Lerner was found alive and safe, EXMO revealed he was in a “state of major stress” and as such wouldn’t provide any official comments in the coming days. In its statement, the cryptocurrency exchange, which currently has a $194 million trading volume and lists crypto to Russian ruble trading pairs, thanked the cryptocurrency community for its support. The statement reads:

“EXMO team is deeply grateful to the cryptocurrency community and the media for their active support. We promise to timely provide any updates on the situation.”

It notes, however, that ”the story of Pavel’s abduction has overgrown with rumors that might tamper with the official investigation,” and as such currently “refrains from any comments or suggestions of own versions of the possible scenario, in the nearest future.”

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2017 Review: The Year Cryptocurrencies Seized the Mainstream Spotlight

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Two Thousand Seventeen will go down in the history books as a year cryptocurrency made tangible inroads in mainstream finance and commerce, driven by the 1400% rise in bitcoin’s price over the year. Regulatory measures, worrisome network forks and warnings from naysayers could not stop the crypto momentum as consumers and businesses by the millions became first-time cryptocurrency users.

Source: CCN

As bitcoin’s price rose steadily throughout the year, the upward pace gained momentum in the fourth quarter, with the price nearly reaching $20,000 in mid-December.

During the month of November, which saw triple-digit gains in a matter of a few days at a time, bitcoin skeptics with impressive financial credentials joined the “bitcoin’s a bubble” chorus.

As bitcoin use rises, the media pays more attention to it, making more people aware of its use as both an investment and a currency. The convenience of making transactions across borders with minimal transaction fees provides significant benefits to both businesses and individuals.

In 2017, more retailers, both physical and online, accepted bitcoin as a form of payment, including Virgin Galactic, Overstock, TigerDirect, Dish Network, Expedia, Newegg, Microsoft, eGifter, Gyft, Zynga, Starbucks, Subway and Autopartsway.

2017 Began Strong

Bitcoin began the year on a positive note with the U.S. election of Donald Trump last November, who many viewed as pro-bitcoin.

The fall of the Chinese yuan in January drove many investors to seek better opportunities, including cryptocurrencies.

Concern about the bitcoin hard fork – a protocol designed to address slow transaction times as currency use increases – carried over from 2016 into 2017, a concern that gave many observers uncertainty about bitcoin’s future. These concerns were largely put to rest as a series of forks took effect throughout the year.

Source: CCN

Bitcoin continued to surge in August after the execution of the Bitcoin Cash (BCH) hard fork. Bitcoin Cash blocks can hold up to 8 MB worth of transactions, whereas the original bitcoin is capped at 1 MB.

Investors quickly realized that the hard fork had little to no impact on the bitcoin network and that the activation of the Bitcoin Core development team’s transaction malleability fix and scaling solution Segregated Witness (SegWit) meant that for the first time in the history of bitcoin, the activation of a major scaling solution was locked in and insight.

The bitcoin market used the hard fork as a trigger to establish momentum and continue to increase in value.

As a result, some of the largest bitcoin exchange markets, including the U.S., South Korea, China and Japan, experienced drastic increases in bitcoin demand, as the digital currency hit an all-time global high at the time of $3,470.

The Japanese bitcoin industry, in particular, demonstrated an exponential growth rate in terms of merchant adoption and daily trading volumes of local exchanges. Apart from the Philippines and China, Japan is one of the few markets that has been considering bitcoin as a digital currency rather than as digital gold and a long-term investment.

Bitcoin Cash, for its part, made its mark, eventually challenging Ethereum for the number two cryptocurrency.

The Bitcoin Gold fork launched in October with the goal of making bitcoin more decentralized by blocking the use of ASIC miners. Bitcoin Gold, an altcoin that — like Bitcoin Cash — has a shared blockchain history with bitcoin, delivered a minor temporary setback to bitcoin’s price, which dropped below $5,700 on Oct. 24, as traders rebalanced their portfolios to stake larger positions in altcoins following the Bitcoin Gold hard fork. Ethereum jumped 8%, while two of the top 10 cryptocurrencies — Dash and NEO — posted double-digit increases.

Altogether, the cryptocurrency market cap added about $700 million on Oct. 24, even as bitcoin temporarily dropped more than 3%.

Bitcoin Gold, for its part, fell to $136 in two days — even amid buying pressure from margin traders who wanted to purchase it to pay back lenders. The price has stabilized since that time, standing at $218.41 on Dec. 30., according to ccn.com.

The impact of the SegWit2x (B2X) hard fork on Dec. 29 was uncertain at this time, but forks, to date, have not delivered negative lasting impact on bitcoin demand. (The SegWit2X should not be confused with a fork led by Jeff Garzik that failed to launch in November. The B2X increases the block size to 4 MB, twice the amount as the earlier SegWit2x proposal.)

What also remains unknown at the present time is whether SegWit2x delivered the solution to slow transaction times.

Most observers voiced no problem with hard forks as a tool for competition and experimentation, even though some see forks as compromising the perception of bitcoin’s limited supply, which they view as critical to its underlying value.

Altcoins Also Fork

Several altcoins also forked in 2017.

Ethereum’s Byzantium hard fork took effect Oct. 16, considered to be the first half of Metropolis, a protocol upgrade that has been planned since 2015. It introduced nine protocols to enhance the network’s privacy, scalability and security. The second phase — Constantinople — does not yet have an official release date but is tentatively scheduled for 2018.

Source: CCN

This marked the fifth time the Ethereum network has undergone a hard fork. The ETH price has appreciated more than 3,000% since its last hard fork in November 2016.

ZenCash, which provides a privacy networking platform, partnered in June with IOHK, a blockchain research and development company, to upgrade to a transaction replay resistant system via a soft fork. The ZenCash platform’s design allows users to conduct shielded transactions that hide information about sender and receiver, as well as the transaction amount. Users can also perform transparent transactions. Communications are encrypted among nodes, delivering certificate-based encryption connections for ZenCash wallet applications.

Monero successfully hardforked in January to add higher levels of privacy and anonymity.

Source: CCN

Political And Economic Factors

Political and economic news tended to enhance cryptocurrency’s standing among investors in 2017.

The war of words between the U.S. and North Korea in August raised the demand for cryptocurrencies at the expense of traditional “safe” havens such as U.S. Treasuries and gold.

In inflation-ravaged Venezuela, bitcoin overtook the bolivar as the main currency, despite attempts by the government to crack down on bitcoin mining.

Other governments continued to seek to regulate cryptocurrencies out of concerns about money laundering and other fraudulent activities.

European regulators are considering joint bitcoin regulation due to concerns about money laundering, drug trafficking and terrorist financing. The governments of India, Singapore and the Philippines have issued warnings about bitcoin. China, meanwhile, banned ICOs and cryptocurrency trading.

Investor Acceptance Grows

Bitcoin also made progress in gaining acceptance among mainstream investors in 2017, as two Chicago trading firms – Cboe and CME – issued bitcoin futures.

In July, the U.S. Commodity Futures Trading Commission granted LedgerX LLC registration as a derivatives clearing organization under the Commodities Exchange Act. The company was granted temporary approval to operate as such in 2015.

New York’s department of financial services in January approved Coinbase’s application for a virtual currency and money transmitters license, making it one of the largest bitcoin companies to gain the department’s approval and one of five virtual currency firms granted approval to operate in New York State.

One of the biggest challenges still to be met on the investment front is gaining the government’s approval for a bitcoin exchange-traded fund (ETF), which many observers believe will unleash a floodgate of investment capital. In March, the U.S. Securities and Exchange Commission rejected the first bitcoin ETF, causing the price to fall from a high of $1,350 at the time to below. $1,000.

Also read: Ripple briefly achieves $100 billion market cap, can it be justified?

Market Correction Strikes

Bitcoin’s fourth-quarter surge corrected itself on Dec. 10, as its price shed 25% of its valuation, taking most altcoins down with it, including Bitcoin Cash, Ethereum, Litecoin, Cardano, IOTA, NEM, and Monero. The price stabilized around $14,000 in the final days of the year.

The end-of-the-year price correction is not viewed as a sign of a bubble as much as imposition of new regulations on domestic bitcoin exchanges in South Korea, a bitcoin trading hub. Analysts have also attributed the correction to the sudden increase in the value of cryptocurrencies over the past few months. The 25% correction cannot be viewed with alarm against the full year’s gains.

The South Korean regulations, for their part, are seen by some as a sign of official recognition that will benefit the markets over the long-term and help bitcoin mature into a mainstream asset, even as market traders exhibit uncertainty about how these regulations will affect the markets in the short-term.

Leading altcoins, with the exception of Bitcoin Cash, recovered faster than bitcoin from the recent correction. Ethereum, Litecoin, Ripple, Cardano, IOTA, Dash, NEM and EOS all recorded gains of over 10 percent in the days following the Dec. 10 fallout.

Source: CCN

Ripple’s price surged by 38 percent on Dec. 29, enabling XRP to unseat Ethereum as the second-most valuable cryptocurrency. Ripple managed to tread water during the market downturns, and it has surged during the calm periods in between. In the last week of December, its price leaped by more than 80 percent, bringing it to a present value of $1.63 on cryptocurrency exchange Bitfinex.

Some analysts claimed that the entrance of institutional money and hedge funds in the cryptocurrency market initially by bitcoin futures has led investors to explore other cryptocurrencies.

Others have attributed the success of altcoins to the scalability issues of bitcoin and the lack of SegWit integration to date.

Nevertheless, the cryptocurrency market as a whole, buoyed by Ripple’s recent rally, grew to $584.8 billion Friday, Dec. 29, a single-day increase of approximately 5% from Thursday, when it was valued at $554.5 billion.

The fourth quarter price surge attracted media attention to bitcoin and cryptocurrencies, causing some reputable financial experts to join the naysayers. Such experts include Ken Griffin, the billionaire founder and CEO of the Citadel hedge fund management firm; Jim Cramer, former hedge fund manager, best-selling author, and host of Mad Money; Nouriel Roubini, an economics professor at New York University’s Stern School of Business; Katsunori Sago, the chief investment officer at Japan Post Bank; Societe Generale Deputy CEO Severin Cabannes; and Credit Suisse CEO Tidjane Thiam.

Meanwhile, bitcoin continues to gain acceptance by businesses and consumers.

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Australian Bitcoin Investors Claim Banks are Shutting Down Their Accounts

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Bitcoin investors in Australia have claimed that major banks including National Australia Bank, ANZ, the Commonwealth Bank of Australia and Westpac Banking Corporation, have started to freeze the bank accounts of cryptocurrency traders without prior notice.

Major Banks Called Out

Earlier this week, Australian cryptocurrency trader Alex Saunder publicly called out all of the major banks in Australia that have had a history of treating cryptocurrency traders unfairly, despite the criticism of the Australian government.

In May, the Australian government released the 2017-18 budget which contained the elimination of double taxation on the trading of bitcoin and other cryptocurrencies. Given the controversy around some of the country’s largest banks unfairly closing down the accounts of cryptocurrency traders and businesses, the government also reaffirmed that it will provide a friendlier ecosystem for both cryptocurrency businesses and users.

“The Government will make it easier for new innovative digital currency businesses to operate in Australia. From 1 July 2017, purchases of digital currency will no longer be subject to the GST, allowing digital currencies to be treated just like money for GST purposes,” the budget read.

Still, regardless of the efforts of the Australian government to revive its cryptocurrency and fintech industries that have struggled to see success for many years due to the unfair treatment of businesses, Australian banks are reportedly refusing to provide services to fintech businesses like bitcoin exchanges and brokerages.

CoinSpot, one of the few remaining cryptocurrency exchanges processing Australian dollar (AUD)-to-bitcoin trades, stated that the company has placed a temporary restriction on all forms of AUD deposits, because of the lack of banking services provided by local financial institutions.

“We assure you we are just as unhappy with the situation as you, but unfortunately Australian banks have been so far unwilling to work with the digital currency industry which leads to frequent account closures and strict limits on accounts whilst they remain operational, in effect debanking our industry,” said CoinSpot.

Bitcoin Babe AU, another Australian cryptocurrency trader, revealed two documents sent by ANZ, announcing the closure of the trader’s bank accounts. The two documents provided a vague explanation for the closure of the client’s bank accounts. They read:

 

“In accordance with the Business Transaction Account Terms and Conditions, ANZ gives you notice of its intention to exercise its discretion to close the above accounts effective 30 January 2018.

ANZ may exercise its discretion to close an account due to unsatisfactory conduct for any other reason it considers appropriate.”

Commonwealth Bank Says it Does Not Recommend Cryptocurrencies

A Commonwealth Bank spokesperson also Sydney Morning Herald in an interview that it does not embrace cryptocurrencies because the institution believes they have not been regulated. But, evidently, lack of regulation is not a viable reason to close down the accounts of traders, given that the Australian government has regulated bitcoin as a currency.

“However, we do not currently use or recommend any existing virtual currencies as we do not believe they have yet met a minimum standard of regulation, reliability, and reputation compared to other currencies that we offer to our customers”.

The Australian government eliminated double taxation on bitcoin in June to revive its local cryptocurrency and bitcoin markets. Without proper banking services, the Australian cryptocurrency industry will not be able to compete with other regions like Singapore and Hong Kong with friendly regulations.

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ESR WALLET Announces Token Sale to Make Cryptocurrency Payments More Accessible

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

 

Bitcoin Press Release: ESR Wallet proudly Introduces a universal wallet with a full range of banking services and 20% per annum on cryptocurrency deposits, as well as revealing details of their token sale beginning December 18th 2017.

Ras al-Khaimah, UAE, December 18th, 2017 – ESR Wallet will be hosting a token sale for its universal payment and credit services platform, to begin on December 18th, 2017. ESR Wallet is a digital currency wallet that supports many popular blockchain assets and offers a full range of banking services. In October, the ESR team carried out a pre-sale that successfully raised more than $1M. Based in the UAE, the team have an office in Miami, USA

Project developer Alexey Korn had this to say about the targeted fundraising goals: “We are sure that it will be much easier to reach the sale goal of $8M, as long as we show our investors the huge scale of our work, and all the problems that we have solved during last 2 months.”

Despite several similar projects existing on the market, no other company has progressed as far along their roadmap as ESR Wallet. Well funded projects such as TenX and Monaco have raised more than $150M in total. Months after their coin offerings however, they have not yet delivered their finished platforms. Meanwhile, the ESR Wallet team is working hard to finish major aspects of their project’s foundational development before their token sale begins.

“Bringing a cryptocurrency bank into realization is both a technically and legally difficult task, due to the legal complexity of connecting traditional bank accounts to cryptocurrency exchanges. Unlike the founders of many similar projects, our team is highly experienced in the fields of finance and licensing. Our company, ES Reliable Investments, has been operating its own ATM network in the USA for years”, says Konstantin Beynars, technical director of the company.

By the time the ESR Wallet token sale begins on December 18th, 2017, the team will be close to completing the basic functionality of their platform. KYC and AML will have been implemented, and ESR’s currency exchange will be nearing completion. In the initial version, users will be able to use USD, EUR, BTC, BCH, DASH, ETH, and ESR to replenish their accounts, send payments to users on and off the platform, and to participate in digital currency exchange. ESR tokens will start at $7.50 each, but will increase to $10 following the release of the first ESR plastic cards.

“The price and liquidity of the Token after the sale is what most investors are interested in. In addition to the distribution of 30 percent of the company’s profits to all Token holders, the ESR Token will be used inside the ESR Wallet system to pay commissions. Thus, the use of our Wallet without ESR Tokens will be impossible. Considering that we have collected more than 15,000 pre-orders for ESR cards, our investors do not have to worry about the demand for Tokens on the exchanges after the token sale.” – Oleg Gerasimov, strategic management.

For more information, please visit: ESRWallet.io
Follow ESR Wallet on Facebook: https://www.facebook.com/ESRwallet/
Follow ESR Wallet on Twitter: https://twitter.com/ESR_WALLET
Follow ESR Wallet on Instagram: https://www.instagram.com/esrwallet/
Read more about ESR Wallet on Medium: https://medium.com/@ESR_WALLET
Join the discussion on Telegram: https://t.me/ESRWALLET

Media Contact
Contact Name: Alex Korn
Contact Email: [email protected]
Location: Miami, USA

ESR WALLET IS THE SOLE SOURCE OF THIS CONTENT. DIRECT FINANCIAL DOES NOT MAKE ANY REPRESENTATION OR WARRANTY REGARDING THE ACCURACY OF THIS INFORMATION. THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSE ONLY AND IS NOT INTENDED TO PROVIDE THE SOLE BASIS FOR ANY EVALUATION OF A TOKEN PURCHASE. THERE IS INEVITABLY A DEGREE OF RISK AND UNCERTAINTY WITH ANY TOKEN SALE. IT IS THE RESPONSIBILITY OF ANY PERSON WISHING TO PARTICIPATE IN THE TOKEN SALE TO INFORM THEMSELVES OF AND TO OBSERVE ALL APPLICABLE LAWS AND REGULATIONS OF 
ANY RELEVANT JURISDICTIONS. THIS CONTENT IS NOT AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN THE UNITED STATES OR ELSEWHERE.

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True Flip Unveils Major Updates,Halves Ticket Price for Its’ 400 BTC Jackpot

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Bitcoin Press Release: True Flip, the blockchain fair games platform with $ 8 000 000 in the Jackpot, has fulfilled 60% of its crowdsale pledges presenting a fully redesigned interface and additional features. These improvements are backed by a 50% decrease in the tickets price, to support the upcoming broad promotion.

18th December 2017 – Curaçao The reworked True Flip hosts multiple games in a smooth interface and allows on-the-go integration of new products and options. Players can seamlessly switch between two existing games, while 3 more games are scheduled for launch in Q1-Q2, 2018.

“Flip’s Star”, the flagship number game with daily draws, has over 400 BTC in the Jackpot, which yet paradoxically exceeds the platform’s current market cap. Another game called “Rapid to the moon” was presented in November with the draws tied to every new block in the BTC chain (every 5-15 min) and 15 BTC in the prize fund.

As well, the “Flip’s star” price has decreased 50%, to 0.0002 BTC per 1 ticket. This foreruns the launch of a special solution to keep ticket price stable regardless of rates, scheduled for Q1, 2018.

The “Token Holder Profile” has been reshaped to deliver the complete data sheet in a better structured and visually friendly way. Moreover, True Flip now accepts its TFL tokens for gaming – a “Flip’s Star” ticket is offered for 1 TFL, while prices for “Rapid to the moon” start at 0,5 TFL.

“True Flip started as a game with a once-daily jackpot drawing and the average user spent about $5 per day on trueflip.io. Users lacked real-time games that would drive additional ticket buying and raffle participation. We completely redesigned the platform, combining several game products in a user-friendly environment. This is a step forward to the “World of True Flip”, which is in development to gamify the entire system, offering users characters, levels, quests, experience points, bonus games and much more” – said the COO of True Flip, Nikita Parkhomenko.

“As the new landing has been launched, now there are no obstacles to impede our marketing progress. The main focus is of course the ticket sales, which will keep growing with the help of our CPA partners, as well as the enhanced player support and stable positive news flow raising awareness among our desired audiences”, – reported CMO Konstantin Katsev.

About TrueFlip

True Flip is a blockchain fair games platform, based on the advantages innate to distributed ledgers. These include overall transparency of processes, like random number generation, ticket purchases, prize distribution, and an innovative approach to the financial part of igaming.

True Flip currently runs 2 games, with three more in development, attracting a total of 150 000 registered players. As a result of the successful crowdsale in July, 2017, a significant 400 BTC formed the current Jackpot, that keeps growing with every sold ticket.

The platform operates a self-developed customer product available on trueflip.io, and also offers a range of B2B solutions for igaming operators, affiliates and integrators.

Visit the True Flip Website: https://trueflip.io
Like on Facebook: https://www.facebook.com/TrueFlip.io/
Connect on Telegram: https://t.me/joinchat/AAAAAELcwT-fgH2zG7xEng
Follow on Twitter: https://twitter.com/TrueFlipLoto
Watch on Youtube: https://www.youtube.com/channel/UCnQObazhUfIFUoREH_0qRag

Media Contact
Contact Name: Vasily Polynov
Contact: [email protected]

True Flip  is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.


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Blockchain in Gaming Industry Creates an Inclusive Environment That Boosts the e-Sports Marketplace

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The art of gaming has undergone constant evolution since the ancient days of human existence. With peculiar motivations based on the era in consideration, competition turns out to be one of the natural essence of human nature.

These competitions at different times and ages have emanated from the backdrop of survival, fun, recreation, relevance and career. Hence, humankind have barely existed as an entity of competition.

Technology changes everything

With technological advancement, the gaming industry has developed into a robust marketplace and a professional ecosystem. This industrial advancement has been continually enabled by the creation of the internet and the significant changes that has occurred in cyberspace, especially within the last three decades.

In the early 90`s the gaming market barely revolved around the $100M range with just a dozen million players. However, today’s gaming industry is already worth $100Bn with 2.3Bn players worldwide, and most importantly, 1.4Bn registered users are concentrated around the top 10 most competitive titles. Eight of these are team-based games like Counter-Strike, League of Legends, Dota2 and Overwatch, all played 5×5 or 6×6.

 

Gaming mirrors human nature

This popularity of team games is not a surprise as it basically mirrors the outright nature of human beings. Man is naturally a social animal that tends to be more productive when cooperating or collaborating with others towards achieving a particular goal. Also, the emotional satisfaction that comes with making new friends and forming new partnerships across the virtual world are some of the things that money cannot buy.

But while it’s easy to have fun playing solo, it becomes really tough for players who want to form a team and start an amateur career.

There are over 250М such players, but only 1M teams, leaving out about 49M players seeking ways to get into the team players ecosystem. The reasons for this absence and inability to team up are not farfetched.

Imagine looking for a job without recruitment websites or growing a company with no management tools. How about communicating without e-mail or hiring staff without CVs? Sounds unrealistic? Well, that’s the reality for these players. They have no way of solving even the most essential problems, like: where can I find a team? How do I become a pro? Where can I find other teams to practice with? How do I manage my team? Where can I analyze team data?

Limitations of existing systems

Although credit goes to existing platforms and apps that serve as social environments or rallying points that game players have relied upon for connections, these platforms are plagued with numerous deficiencies. For instance, gamers who rely on Steam groups do not have the luxury of sufficient information about the game products, Reddit is complicated and difficult to navigate, especially for newbies. Forum threads do not offer enough information about a potential team-mate while ‘find-a-player-sites are usually too thinly populated, and are largely amateur efforts.


Blockchain expands opportunities

With the unlocking of blockchain & smart contract technologies  a unique opportunity is presented to provide an all-in-one solution and build a multi-billion dollar economy on one platform.

DreamTeam is an e-sports and gaming recruitment and management network that is designed to provide effective team building opportunities for gamers and expanding the multi-gaming ecosystem by building a multi-billion dollar economy on one platform.

The platform provides gamers with necessary information in areas such as:

  • Practice games database.
  • Data on teams, players, coaches, managers and analysts.
  • Tournament lists and info.

Users on the platform can also connect to services such as Profile management, Ratings engine and Big data analytics. On Dreamteam network, users will be able to effectively manage analytical tools, coaching tools, marketing tools and their own media tools. Also, the network’s marketplace is filled with earning opportunities that include sponsorship and media rights, player salaries and bonuses, tournament prize money, player transfer market and crowdfunding opportunities.

Being the first of its kind, this development is bound to expand the already vibrant e-sports and online gaming marketplace by absorbing the hitherto left-out participants, and create room for even many more new entrants into the ecosystem.

Mobile technology has been recognised as the catalyst behind the dynamic expansion of online gaming, but blockchain technology is taking the industry to another level by truly professionalizing the industry and enabling a decentralized ecosystem that empowers gamers to achieve maximum expression and benefits from their activities.

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Blockchain Technology Can Make VR Much More Popular

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To this day, movies like The Matrix and Inception keep audiences glued to their seats. This is because of one thing–mankind’s innate fixation on the possibility of an alternate reality. For fans of The Matrix, it’s the idea that humans are actually living in a world controlled by machines.

However, they don’t know it, because the machines keep humans asleep and deceive them with a dream world they think is real life. In the case of Inception, the main characters frequently escape to dream worlds–worlds that they can create according to their own fantasies. The struggle is one that many can relate too–if the alternate dream world is so good, why leave?

Given the fascination with alternate realities, one would think that virtual reality headsets like those produced by Oculus, HTC, Samsung, and Zeiss would be selling like hot cakes. Unfortunately, this couldn’t be further from the truth. This past summer, HTC cut the price of its VR kit by $200. In response, Oculus dropped the price of the Rift VR kit to $399, then raised it slightly to $499.

One of the major reasons for this drop in demand, according to a summer report, is a lack of “essential content” coupled with the absence of an “alternate reality” feel. In other words, today’s VR platforms don’t treat users to lifelike experiences that warrant the high cost of the VR lifestyle.

Blockchain For VR

To reinvigorate the VR industry, some companies are working on blockchain powered solutions. The goal is to synthesize VR platforms with blockchain technology to provide users with lifelike experiences they can share with virtual communities.

The first step in this process is to lower the cost of VR units. Some of the bigger names like Oculus and Samsung charge hundred of dollars for the VR kits, but after adding extra costs for additional equipment, the true price is closer to $3,000 for a functional experience. Blockchain companies can create VR kits for a fraction of a cost, some as low as $15 per kit. The decrease in price will be a huge attractor to those who are interested in VR platforms but don’t want to spend thousands of dollars for a worthwhile experience.

The second step these companies are taking is to make platform agnostic kits. This means that the programs can operate on multiple devices and operating systems, allowing for a certain amount of interchangeability that should attract more users. Additionally, the platforms have mobile compatibility and smartphone integration, with the option of a CD and DVD slot for those who prefer a more “old school” experience.

Third and most importantly, the blockchain powered VR platforms will create real life experiences through a VR medium. Thus, instead of creating cheesy, game-like scenarios, they will transport users into real world events and circumstances. One company, CEEK, is creating a VR platform that will allow users to stream concerts, participate in educational events like music lessons, and interact with other users on a decentralized marketplace.

The company already has a thriving VR business, but has created a methodology to bring real-life experience to its users. Through VR, user experience can often be better than the actual experience, particularly because the CEEK technology provides an extremely high quality link with the live event.

Benefits

The benefit of taking a more real life approach to VR is that it allows users to experience real events they wouldn’t otherwise be able to experience. So, users in the UK can see their favorite artist in concert even if the artist never tours in the UK. Or, those who can’t afford to take guitar lessons in person can do so for a much lower price through a VR platform. The VR platform gives a 3D, lifelike feel that 2D video lessons can’t provide.

What’s more, by incorporating 3D virtual marketplaces, users can interact with other members and exchange digital goods and merchandise. The tokenization of the platform means users in any part of the globe can do business, opening up the possibility for cross border virtual commerce. For concert goers in particular, this creates a sense of unity and oneness even though they aren’t at the live show. The experience is very similar, but at a much lower cost.

The combination of lower prices, platform flexibility, and the incorporation of real world experiences make blockchain powered VR kits much more attractive than their traditional counterparts. The addition of decentralized virtual marketplaces allows users to interact with one another, providing a very important communal component to VR. With these things in place, virtual reality will feel a lot more like the alternate reality many have come to crave.

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