Saying No to Bitcoin Seems to Increase Its Appeal

Governments’ continued crypto crackdowns and regulations seem to be having the opposite effect as their citizens rush to be part of the digital currency revolution.

In most cases, being denied something makes you actually want it even more, especially when that something has grown by over 1,700% in less than a year.

This definitely seems to be the case for Bitcoin. According to Bloomberg, trading in the digital currency increased exponentially more in countries with developing economies than their more developed counterparts, although the volume of trading was far less.

A Possible Reason for This Growth

The common denominator for this surge: these countries have been harsh with their criticism of, and regulations with regard to, Bitcoin and the crypto industry in general.

Central banks in both China and Russia have banned local exchange trading. The Venezuelan government has put strict regulations in place against Bitcoin mining, while Brazilian and Colombian citizens have been receiving cautionary tales of the dangers of crypto.

Spencer Bogart, who is the head of research at Blockchain Capital LLC in San Francisco, had this to say:

The strong interest from emerging-market countries could be reflective of relatively less stable local currencies or a byproduct of greater exposure to financial and economic crises that makes an alternative system like Bitcoin relatively appealing.

His comments make sense as cryptocurrencies don’t have anyone to answer to. There are no banks, governments, or single entities in charge that can force digital currencies to conform to any sort of process. It also offers a global currency option for users.

In addition, because Bitcoin has a cap of 21 billion bitcoins, inflation is a non-issue. Unlike fiat currency, the government won’t be able to print more bitcoins, which would increase inflation.

Bitcoin and Stock Markets Shatter Record Highs for a 4th Consecutive Week

Phenomenal Growth in Emerging Markets

According to data on LocalBitcoins, peer-to-peer trading grew by more 2,000% in China, almost 200% in Russia, and approximately 20% in the US.

Countries south of the equator don’t want to be left out in the crypto cold either. LocalBitcoins shows an almost 1,500% increase in Nigeria’s peer-to-peer trading, which could be as a result of the country’s naira weakening by 12.4% this year. Venezuela saw growth of nearly 1,000%. Reasons for this include high levels of inflation that has resulted in a weaker local currency, as well as governments tightening their purse strings on access to the US dollar.

This growth resulted in a trading volume of about $115 million for Nigeria and $50 million for Venezuela. Even though the trading volumes of these developing markets are increasing, China and Russia combined still account for approximately 40% of the market.

Depending on the country, the price of a single Bitcoin can differ drastically. In Nigeria, it was trading at over 15% more than in the US. An increased price was also evident in Russia and Argentina, while Colombia, Singapore, and Brazil actually saw a lower price.

No Bitcoin for You

Back to wanting what you can’t have. Last month, Brazil’s central bank said:

[Cryptocurrencies] are neither issued nor guaranteed by any monetary authority, there is no guarantee that they can be converted to a sovereign currency and they are not backed by any kind of real asset.

Something to note: peer-to-peer trading in Brazil increased by 450% this year.

Columbia had similar comments and added that cryptocurrency disrupts financial stability. However, the country’s peso had depreciated by over 3% in as many months. That doesn’t sound very stable.

Turkey and India have also warned its citizens about the supposed dangers that crypto offers.

Cause and Effect

Even though it seems as if government regulations are what’s driving Bitcoin’s popularity and price, it could be the result rather than the cause. People could be buying more crypto to circumvent their government’s cash controls, which in turn results in said government putting regulations in place.

However, the disruptive nature of decentralized digital currencies is definitely a concern for traditional currencies. Simon Quijano-Evans, an emerging-market strategist at Legal & General Investment Management Ltd., said:

Cryptocurrencies stand as a potential challenge to the millennia of confidence-building measures that have gone into the construction of fiat currency.

This is most likely the reason that these developing countries are aggressively working towards a total cryptocurrency crackdown. However, this seems to result in an equally aggressive, and continued, increase in the popularity and price of digital currencies.

However, it’s not just negative press that could be responsible for this increase. Bitcoin’s growing futures market has also helped the price rise, with it surpassing the $17K mark once CBOE started trading their Bitcoin futures. CME will start trading on the 18th of December, with Nasdaq launching their product next year.

Do you think government crackdowns are what’s driving the crypto price up in some countries? Let us know in the comments below!

Images courtesy of Shutterstock, Bloomberg, and Bitcoinist archives.

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When the Music Stops: Price Support and Liquidity After the Token Sale Ends

Despite the expanding interest in cryptocurrencies, the truth is that most altcoins are failing. While some fall victim to poorly designed business plans and/or faulty adoption strategies, many altcoins are the product of outright scams. One thing they all have in common, however, is their attempt to emulate the success of Bitcoin. Very few altcoins have managed to ignite the kind of interest that propels a cryptocurrency from a mere novelty to something that captures the attention of industry giants and world leaders.

What’s so Great About Bitcoin Anyway?

2017 has been a banner year for Bitcoin. In December alone, the digital currency posted gains of more than 65%, starting the month trading at just under $10,000 and – after a brief spike into the $18,000 range – settling into the $16,000 – $16,500 range at press time. Overall YTD gains for Bitcoin, which started out the year at around $960.00, are even more impressive at over 1600%.

What makes the recent price hikes in Bitcoin not only feasible, but sustainable as well, is the tidal wave of buying demand being realized with a limited and finite supply of bitcoins, as cryptocurrencies, a digital asset, entering the mainstream. This tidal wave has investors looking to diversify into other currencies in the hopes of getting in early on the “next” Bitcoin. Unfortunately, with the crypto-space glutted as it is with so many altcoins, it isn’t always easy to separate the coins with real potential from those with a slick marketing campaign but which tend to fizzle once they get listed on exchanges.

Why So Many Altcoins Fail

Why So Many Altcoins Fail

Where cryptocurrencies as a whole currently fall short is in institutional support. Consider the mainstream financial sector for a moment. With conventional offerings like IPOs (Initial Public Offerings), once a company’s shares are listed on a stock exchange, they are usually supported by “market makers”.

In fact, many exchanges – including the New York Stock Exchange and Nasdaq – require that each IPO have at least 3 or 4 market makers. The purpose of a market maker is to buy and sell shares of a company’s stock throughout the day to stimulate trading of that stock. Goldman Sachs, Morgan Stanley, and JP Morgan Chase are all examples of market makers.

In a peer to peer decentralized system, there is no equivalent support mechanism. As a result, most ICOs wither upon listing because nobody is actually focused on price support or stability.

How One ICO is Doing it Right

How One ICO is Doing it Right

So how can a company offer price support and stability to a coin post-ICO without a conventional market maker in a peer to peer decentralized system?

They can take a page from 4NEW‘s playbook. 4NEW is a blockchain-based Waste to Energy platform whose entire business model is reverse engineered for aftermarket price stability and liquidity in its coin, without the need for market makers. They have already successfully raised more than $30 Million in institutional funding through conventional means to build a Waste to Energy plant and have recently launched their crowdsale where they are seeking to raise $9.5 million. There are currently just 2 days remaining until the end of their ICO.

The Waste to Energy plant that 4NEW will be building not only solves two important social and environmental concerns, those of waste surplus and energy shortfall, it also ensures widespread adoption of FRNCoin (4NEW’s cryptocurrency).

Once completed, all sales generated from the Waste to Energy plant will take place on the 4NEW blockchain with the ability to make and accept timed payments between businesses. Additionally, because adoption of FRNCoin is already being established well in advance of the launch of the first plant, a strong foundation of demand is being “baked” into the coin, offering pricing stability and consistent liquidity.

Beginning in 2018, FRNCoin is set to be accepted by a growing network of businesses in the Healthcare, Pharmaceuticals, Health Insurance, Telecommunications, Credit Card processing, and Money Transfer Services industries. New businesses and industries are expected to be added continuously throughout the year. When consumers purchase the FRNCoin to avail the goods and services offered by these businesses, an organic demand will be generated in the coin that is focused on utility and not on speculative trading. This organic demand will bring new liquidity into the marketplace for the coin, offering price support.

As a result, there will always be consumers making a market for the coin, replacing the market making function offered by institutions. Since conventional institutional support is not suited for a peer to peer decentralized system, there needs to be the kind of peer to peer market making – like that of 4NEW – that supports the coin’s price without engaging in speculative trading.

As 4NEW continues to add more business consumers to its coin, a Top-Down approach to widespread adoption and utilization will begin. This will permeate through to the masses over time, leading to another successful cryptocurrency very similar to Bitcoin. In fact, the only real difference between Bitcoin and 4NEW is their adoption approach.

Bitcoin experienced a Bottom-UP path to adoption where, by virtue of the people (the crypto community) adopting the coin, businesses found themselves having to adopt it as well in order to stay competitive. This methodology takes longer, however, it has also given the community an awareness and wider acceptance of cryptocurrency today.

Like Bitcoin, 4NEW will act like a store of value over time, however, it utilizes the Top-Down approach to adoption. A market for the adoption of its FRNCoin is already being established across several industries so that, at the conclusion of the ICO, token holders will be able to use the coin as a means of payment. The credibility of this offering is further cemented by the company’s recent affiliation with the Imperial College of London, a 110-year old academic institution with a pedigree track record.

Nobody can guarantee the future performance of any token or ICO project, of course, but 4NEW appears to show all the signs of becoming a lasting example for future success stories within the cryptocurrency community.

What do you think of 4NEW’s market making strategy? Would a similar system help shore up and stabilize other cryptocurrencies? Let us know in the comments below.

Images and media courtesy of 4NEW, AdobeStock

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Venezuela Now Requires Bitcoin Miners to Register with the Government

Bitcoin mining has exploded in Venezuela due to the country’s massive hyperinflation. Now the Venezuelan government is requiring bitcoin miners to join an online registry.

It seems that the misery of the Venezuelan people knows no end. The South American country’s economy has been hammered by massive hyperinflation due to the policies of the authoritarian government, now headed by President Nicolas Maduro. Many people, both poor and rich, have turned to mining Bitcoin in order to survive. Now a further clampdown is coming as the Venezuelan government is requiring bitcoin miners to join an online registry.

Starving Venezuelans turn to Bitcoin

Sign Up … Or Else

The announcement of the new registry was made at a recent press conference by Carlos Vargas, the newly appointed “superintendent of Venezuelan cryptocurrency.” Bitcoin miners will have to start registering with the government on December 22nd when the online registry goes live.

Of the information that the government is looking for, Vargas says:

We want to know who they are, we want to know where they are, we want to know what equipment they are using.

Those in favor of the registry say that it will offer legal protections to bitcoin miners. Currently, the government has been cracking down on miners, such as the recent police raid on December 9th that saw the confiscation of 21 mining computers and the arrest of their 31-year-old owner. The police have charged the bitcoin miner with exchange fraud, computer crimes, damage to the national electric system, financing terrorism, and money laundering. (I’m surprised they didn’t throw in jaywalking while they were at it.)

Just How Expensive is Bitcoin Mining?

What Could Go Wrong?

The people of Venezuela have been hammered by the socialist economic policies of the country’s last few administrations. Basic necessities, such as food and medical supplies, are non-existent, and inflation has reached over 4000% this year. Such circumstances have forced people to turn to Bitcoin in order to get the items they need to actually survive, and the situation is not getting any better. Weekly bitcoin trading in Venezuela has skyrocketed from $225,000 early in the year to a staggering $2.1 million in the first week of December.

As soon as the people turned to bitcoin mining, extortion and theft by the authorities have happened. Many individuals have had their mining rigs confiscated by police and federal authorities, only to have those authorities use the machines to mine bitcoins for themselves. One miner recently gave up 11 of his 20 machines in lieu of a $20,000 bribe, and insult has been added to injury as the officials who stole his machines now contact him for technical advice.

So, what could go wrong with an online registry for bitcoin miners? The most obvious is that the government will be able to do a mass confiscation once a full list has been compiled. The government of Venezuela has nationalized (forcibly taken over) hundreds of businesses, which has led to the vast majority of them failing.

Starving Venezuelans Turn to Bitcoin Mining in Desperation

As David Fernando Lopez Torres, who moved his mining farm from Venezuela to San Francisco, notes:

If I were still in Venezuela, there’s no way I would sign up. If they weren’t protecting miners’ rights without a registry, how can they trust that they would protect their rights with a registry? First they need to publicize what the registry will be used for, because we can’t trust their intentions.

The likely result of the new online registry is that the majority of bitcoin miners will move even further underground. You would have to be stark-raving mad to believe that a corrupt government will honor any agreement to allow bitcoin miners to legally operate in peace. Either new taxes will be imposed upon the miners or the government will outright confiscate the equipment. Either way, the government will take the bounty of bitcoin mining for themselves.

A dictatorial president, a national government who has seized hundreds of legal businesses, economic policies that have ravaged the country, and massive corruption all point to a really bad outcome for those who sign up for the registry. But at least Venezuela will have the Petro, their own national cryptocurrency!

What do you think about the compulsory registry for bitcoin miners in Venezuela? Would you sign up? Let us know your thoughts in the comments below.

Images courtesy of Pixabay and Bitcoinist archives.

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Millennials Driving Crypto Momentum in 2018

There have been a number of driving forces behind the Bitcoin boom of 2017. These include core improvements, hard forks, and recognition by institutional exchanges such as CBOE, CME, and Nasdaq. The more mainstream it becomes the bigger the FOMO (fear of missing out), and those driving the momentum in 2018 will be millennials.

According to a report in the Independent, one in three millennials will be investing in cryptocurrencies by the end of next year. Millennials are defined by demographers and researchers as those born between the early 1980s to just after 2000. This generation grew up with technology so cryptocurrencies will be right up their alley.

Youth Gone Wild

Research by London based crypto exchange London Block Exchange revealed that 5% of those aged below 35 already have money invested in cryptocurrencies and a further 11% are planning to invest next year.  The younger generation is signaling a shift from traditional investments such as stocks, bonds, mutual funds or even real estate. The study went on to reveal that a further 17% would seriously consider investing in cryptocurrencies by the end of 2018.

With UK property prices escalating beyond the reach of many and the government repeatedly increasing the retirement age, pensions and property are no longer viewed as attractive investments. LBX Founder and CEO Benjamin Dives stated:

“This study underlines the gulf between the younger generation’s view of money and that of their parents and grandparents, who had assets perform so well for them in pensions or property. Millennials clearly feel left behind by the old system and are looking at cryptocurrencies as a new dawn,”

If this does happen it will make cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, plus their siblings, a more popular investment asset among this generation than shares, bonds, commodities or a second property. The study revealed that 24% of those surveyed regretted not buying into cryptocurrencies earlier after seeing their values soar throughout 2017.

Youth Gone Wild

Crypto What?

Unsurprisingly 57% of those aged over 55 said that they are not interested in investing in cryptocurrencies. Without some technical knowledge and inclinations, it can be a steep learning curve that the majority of the older generation simply does not want to climb.

Cryptocurrency expert at the University of Cambridge, Garrick Hileman, stated that banks and traditional financial institutions have struggled to reach out to millennials:

“Millennials began their income generating years during the fallout from the 2008 financial crisis, and many don’t completely trust traditional financial services firms or the system in which they operate,”

More investment next year means only one thing for crypto and that is good news for anyone that has got in this year.

Will you be investing in cryptocurrencies in 2018? Let us know in the comments section below.

Images courtesy of Shutterstock

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More Altcoins Coming to Coinbase Says CEO Brian Armstrong

Coinbase has come under fire in recent weeks for slow transaction times, nonexistent support, and multiple server outages under high traffic. The US-based exchange even suspended trading when things really got lively during Litecoin’s romp to the top a few days ago. However new things could be coming to Coinbase in 2018.

In an interview with CNBC, Coinbase CEO and co-founder, Brian Armstrong, discussed how Bitcoin and other cryptocurrencies are becoming the next generation stock market. He first went into brief details on a new service which will allow traditional investors and institutions to buy and store cryptocurrencies securely:

Coinbase Custody is seeking to become the first qualified custodian for institutions that are looking to store digital currency.

Altcoin Additions

The interesting part came next when he started talking about altcoins. As the crypto market becomes “Stock Market 2.0” he said that Coinbase plans to expand its altcoin listings in 2018.

The ones that are the most exciting to us that we have on the platform today are bitcoin, ethereum and litecoin, but there’s many more that are going to be added to the platform in 2018 and I think this is going to be a really exciting space for all kinds of institutional investors to make money.

When questioned about SEC regulations, he said that they have stayed out of adding any ICOs on the platform to date because of that regulatory uncertainty. There is a cautious approach to the area and a number of factors are considered before they add a new asset to the platform. These include regulatory risk, diligence on the team, security audits on the coin, and the customer demand. Finally, Armstrong added that Coinbase is looking to provide a safe place where customers can have assets that they trust and participate in this market.

Pick Your Poison

Speculation is all that we currently have on what particular altcoins will be added to Coinbase. It is likely they will come from the top of the market capacity charts, which tend to be the most popular coins by demand. So in 2018 will we be seeing Ripple, NEO, IOTA, and Bitcoin Cash listed on Coinbase – or will they be selecting Dash, Monero, Nem, and Bitcoin Gold – or maybe all of the above?

Give us your thoughts on what may be coming to Coinbase in the comments below.

Images courtesy of CNBC, Coinbase via Glassdoor

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NAGA Token Sale is Nearly Over! 2 Days Left Before the End of the Token Sale!

The token sale of the German FinTech company, The NAGA Group AG, comes to its end with more than 39,500 backers and 28.5 million NGC raised. Only 2 days left before the end of the Token Sale and NAGA is super close to reaching their goal of 30 million NGC sold. So, hurry up in order not to miss out and become a part of the NAGA Ecosystem.

The NAGA Token Sale is LIVE and Only Two Days Left Before Its End

The NAGA main Token Sale is LIVE with more than 39,500 backers and 25,900,000 USD collected so far. Click here to read more about the Hard Cap and the Token Sale itself. Moreover, NAGA is proud to have more than 10,000 Telegram active members in their official chat.

The exchange rate for NAGA Coin is 1 NGC = $1 USD. Investors can purchase tokens using BTC, BCH, ETH, LTC, and DASH. For those wishing to use FIAT currency, EUR and USD are also accepted.

  • Token Name: NAGA Coin
  • Ticker Symbol: NGC
  • Token Price: 1 NGC = $1.00
  • Cap in Tokens: 1 million NGC
  • Token Sale Goal: 30 million NGC
  • Minimum Purchase: 10 NGC
  • Maximum Purchase: 10 million NGC
  • Accepted Currencies: BTC, BCH, ETH, LTC, DASH, EUR, USD
  • NGC is announced to be listed and tradable on HitBTC Exchange by the end of December 2017
  • End Date: December 15, 2017 (23:59 CET)

Investments and trading are ruled and governed by greedy banks and corporations that control access, operate non-transparently and always take a cut of your money. At NAGA we are about to change that. By introducing the NAGA COIN, we are on a mission to revolutionize the outdated banking sector. The financial markets are about to change, and we embrace that.

– The NAGA Group AG

About The NAGA Group

The NAGA Group is a publicly listed, EU-regulated German Fintech company with trading platforms for financial markets and virtual goods. They have a market cap of more than 200 million Euros, millions in reported revenues, and over $4 billion in trading volume every month. After one of Germany’s fastest IPOs in the last fifteen years, The NAGA Group was listed on the Frankfurt Stock Exchange on July 10, 2017. Since then, the company’s share price has gone up by nearly 500%.

The NAGA Group is a management-owned growth-driven international FinTech with an accomplished team of more than 120 people. The company holds various EU financial licenses, including an asset management license, and is backed by one of China’s largest private investment conglomerates, FOSUN. They are further supported and backed by widely known investors, institutions, and advisors, including Hauck & Aufhäuser, one of the oldest private banks in Germany.

For more information about The NAGA Group AG and their Token Sale please visit their website and join Telegram to stay in touch.

Images courtesy of The NAGA Group

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U.S. Federal Reserve Chair Janet Yellen Downplays Bitcoin

U.S. Federal Reserve Chair Janet Yellen finally revealed her thoughts about Bitcoin. She thinks that the digital currency’s potential risk is limited. Therefore, Bitcoin is incapable of affecting financial markets. Yellen made her comments during her final press conference, on December 13, 2017.

U.S. Federal Reserve Does Not Regulate Bitcoin

Janet Yellen, throughout her tenure as Federal Reserve Chair, had not made many references about the cryptocurrency. However, now that she is about to leave her position, in her last press conference, while announcing an increase in U.S. interest rates, she surprisingly mentioned Bitcoin.

Specifically, Yellen referred to Bitcoin as a “highly speculative asset,” and that “it does not constitute legal tender.” Moreover, she indicated that the cryptocurrency is “not a stable store of value.”

In this regard, she concurs with her colleague New York Fed President William Dudley who also doubts that Bitcoin is a good store of value. According to Bloomberg, last month, Dudley expressed his skepticism about Bitcoin, saying “I would be, at this point, pretty skeptical of bitcoin. I think it’s really more of a speculative activity.”

However, the good news is that Yellen does not seem to view the cryptocurrency as an imminent threat to the U.S. financial system. She declared:

Bitcoin at this time plays a very small role in the payment system.

Central Bankers Are Still Skeptical About Cryptocurrencies

Central Bankers Are Still Skeptical About Bitcoin

Yellen’s tenure as Fed Chair ends in February 2018. Her comments about the cryptocurrency do not differ from those expressed by her peers.

For example, the Governor of the Reserve Bank of Australia Governor Philip Lowe, referring to Bitcoin’s current “fascination,” said that it “feels more like speculative mania than it has to do with their use” as a form of payment.

Similarly, the European Central Bank chief Mario Draghi also considers that cryptocurrencies are immature. As CNBC reported, Draghi said:

Cryptocurrencies are not ‘mature’ enough to be considered by the European Central Bank (ECB) for regulation.

A few days ago, Former Chairman of the U.S. Federal Reserve Alan Greenspan also dismissed the digital currency. Greenspan said, “Bitcoin is not rational,” and compared it with a fiat currency that the U.S. Continental Congress minted in 1775 to finance the American revolutionary war effort.

Bitcoin and its blockchain technology are a threat to the three-thousand-year-old monetary system and the unfair, obsolete banking system. Understandably, their representatives scorn or downplay cryptocurrencies. And most likely, they will never change their minds. Nevertheless, with a growth of over 1,700 percent in one year, Bitcoin and other cryptocurrencies will continue to grow and eventually challenge the current fiat monetary system.

Do you think that Federal Reserve Chair Janet Yellen’s departure will have an effect on Bitcoin? Let us know in the comments below.

Images courtesy of Reuters/Jonathan Ernst, Wikimedia Commons, Pixabay

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BlockMesh Disrupts the Global Communications Industry – ICO Will Launch 28 February, 2018

Republic of Mauritius, December 2, 2017 – BlockMesh, a software company based in Mauritius – utilizes the latest innovations in mesh networking technology to create cost-free communication networks and aim to disrupt the global communications industry in 2018.

Mesh technology is a telecommunications system that can work outside of regular cellular tower range due to the peer-to-peer mesh network it enables. By creating a network powered by Bluetooth – or WIFI, if available – the mesh network sidesteps typical cellular and data costs imposed by the incumbents.

BlockMesh are creating a new paradigm for the way we use communications networks, access the Internet access and use our smart devices. The network is based on the Ethereum blockchain which means that it is completely decentralized which puts in in direct conflict with the monopolistic incumbents. The mesh network will not be owned and operated by a few people but instead by everybody that uses it. The decentralized blockchain technology that powers cryptocurrencies like Bitcoin make it possible to undertake such a dramatic shift in Internet access.

Many people do not use all of the Internet Bandwidth they pay for. BlockMesh imagines a world that makes all of this excess bandwidth available to others who would pay for it with a cryptocurrency token. People who’ve joined the BlockMesh network would earn these tokens – Mesh Tokens – for sharing their bandwidth.

Once launched, BlockMesh will also pay its users in cryptocurrency to use the app. So, instead of only paying to use cellular data, its users will also get paid to allow data such as text messages and voice calls to pass through their devices.

Bjorn Guido, Founder of BlockMesh stated:

At BlockMesh we harness the power of the Internet of Things to provide interpersonal communication which isn’t just free to use, but actually rewards users in cryptocurrency to use it. Our network will be made up of the excess bandwidth that exists across the world. This will allow your smart television, your Wi-Fi router, iPad – basically, anything that has internet connectivity – to form part of our global revolution. Instead of your data being an expense it becomes an asset by earning you extra money.

Having recently announced its integration of the Bancor Protocol™ – the Smart Token™ standard for continuous liquidity which will ensure immediate convertibility following its Token Sale in Q1 2018 – it’s team are confident of further large announcements before its ICO (Initial Coin Offering) in February.

The ICO presents the opportunity to become a part of the BlockMesh company by purchasing a ‘coin’ which represents your stake in the company. Once this investment round is closed, the funds are used to further develop the app and launch the technology.

A new era in mobile communication has arrived, visit the website for more information and read the BlockMesh whitepaper for a detailed understanding of the concept and technology. For complete information about this ICO, please visit:

Media Contact:

Prometheus Industries Pty Ltd.
Attn: Matthew Schulz
Republic of South Africa
+27 (0) 82 697 0607

Images courtesy of BlockMesh

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Click Here to read more Announces Upcoming Tier Change For Its Trade Token, Having Amassed Over $15.5 Million in Funds & 7,000 Participants

13 December 2017, Zug Switzerland:  has announced that more than $15.5 million has been raised for the ICO since its launch, plus more than 6,000 participants have subscribed to join the trading revolution. Now in full swing, and in the midst of its ICO period, the company will be changing tiers on its Trade Token (TIO) thereby increasing value from 1 ETH = 900 TIO to 1 ETH = 800 TIO. This change will occur on 14 December 2017 08:59 CET.

This news closely follows the announcement of the board to acquire a US-based broker/dealer, as well as the launch of a string of partnerships with blockchain industry leaders including HitBTC and the University of Nicosia. HitBTC will be listing the trade token (TIO) on their exchange in mid-January 2018, and the company will be sponsoring an incubator at the University of Nicosia – known as “the Bitcoin university” – and the first academic institution worldwide to publish academic certifications on the blockchain.

With more than $15.5 in funding already, the company has already far surpassed its soft target which enables it to build out the technologies that it has committed to its early adopters, including Primus Capital Markets, FXPrimus, and others.

Most attractive for existing token holders, however, is the opportunity for them to participate in a growing Liquidity Pool. An innovation in blockchain circles, the liquidity pool enables eligible participants to benefit from successes of the company, by receiving regular rebates in fiat or ETH.

CEO, Jim Preissler commented on the announcement:

We have been overwhelmed by the support of the community and by the sheer volume of people wishing to join the trading revolution. Never resting on our laurels, we continue to proactively push forward with new partnerships and new innovations in order to add value for our existing participants who form part of our industry-leading liquidity pool. ICO ends on 4 January 2018, and the next tier change will occur on 14 December 2018.

Images courtesy of

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Blockchain Leaders Coinfirm, NEO and QRC Partner to Build Smart Economy Ecosystem

AML/CTF risk and compliance platform Coinfirm, China-based blockchain giant NEO and blockchain venture platform QRC collaborate to address an industry-wide regulatory roadblock and to build a compliant blockchain economy.

LONDON, 13 December 2017 – Regtech leader Coinfirm announced today it has partnered with the blockchain platform NEO and the specialist venture platform QRC to nurture a compliant blockchain ‘smart economy’, with a particular focus in Asia.

The collaboration launched this week when Coinfirm CEO and Co-Founder Pawel Kuskowski and QRC CEO Adam Vaziri joined the NEO team at NEO’s blockchain competition kick-off event in Tokyo. The three entities, who share a common interest in fostering compliance, will join forces in a program that will help spur development on the NEO blockchain — a pillar in the Chinese blockchain community.

The sudden ICO ban by the Chinese government earlier this year had a big impact on the blockchain industry and threw the spotlight onto regulation. Now, Coinfirm, NEO, and QRC have teamed up to address the enduring insufficiency in blockchain regulation. Tackling this long-standing roadblock could open up the entire blockchain ecosystem to the mass market, and support the trend for ICO’s.

NEO is a non-profit community-based blockchain project that utilizes blockchain technology and digital identity to digitize assets, to automate their management using smart contracts and to realize a “smart economy” with a distributed network.

QRC is a regtech specialist venture platform with a presence in the UK, Hong Kong, Japan, China, Vietnam, and Malaysia. The company provides a ‘one-stop-shop’ for blockchain projects with the capability to handle design, build and deploy regtech tokens, as well as oversee the legal aspects.

“The blockchain community is all about collaboration and it is a delight to join forces with two entities who share with us the vision and capacity to embed compliance in the industry,” Kuskowski said. “Launching this initiative in Asia has been particularly gratifying because of the vibrant engagement in a region that is crucial for the success of blockchain.”

Coinfirm has built its presence in the sphere through innovative solutions and partnerships with major players from both the crypto and traditional financial sectors for almost two years, including virtual currency leaders Dash and RSK (Rootstock), and international asset management funds such as SEI.

QRC and Coinfirm have had an ongoing relationship and recently QRC also became an exclusive partner for Coinfirm’s AMLT token in Japan. The token of compliance, AMLT is currently in the beginning of its Token Sale and is designed to bring new levels of transparency and democratization to the financial system by actively involving market participants in risk determination. AMLT Token will help fuel transactions on the Coinfirm platform, enabling risk management and creating a network for safe and transparent value exchange.

Through their respective commitments, the three groups help set the foundation for a new standard of safety and compliance that encourages the wider participation in global markets. This will both increase the efficiency of transactions and also improve trust for new and existing members in those markets.

About Coinfirm

Coinfirm is a recognized leader in their field, ranked among the most influential blockchain and regtech companies and serves as a foundation for the safe adoption and use of blockchain. The Coinfirm AML/CTF Platform uses proprietary algorithms and big data analysis to provide structured actionable data that increases efficiency, reduces costs and streamlines compliance to near automation. The blockchain agnostic platform benefits companies operating around blockchain as well as major financial institutions, asset management companies and BI companies. For more information about Coinfirm please visit or to learn about their AMLT.

About Neo

NEO is a non-profit community-based blockchain project that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a “smart economy” with a distributed network. NEO was founded in 2014 and was real-time open source on GitHub in June 2015.

About QRC

QRC is a regtech specialist venture platform with a presence in the UK, Hong Kong, Japan, China, Vietnam, and Malaysia. QRC has three areas to their business. The QRC Hub is a ‘one-stop-shop’ for blockchain projects with the capability to handle design, build and deploy regtech tokens, as well as oversee the legal aspects. QRC Institute works with universities to conduct blockchain research. QRC Ventures is the investment arm of the QRC Group that specializes in regtech projects and tools for the blockchain.

Images courtesy of Coinfirm

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