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PR: IXE Token Backed by Blockchain Powered Education Platform Little Detective

November 13, 2018 |

IXE Token Backed by Blockchain Powered Education Platform Little Detective

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.

Little Detective will be launched in various stages, starting from China, followed by South-East Asian countries and Europe.

November 13, 2018: After immense success with ICO and now listed in LAToken, Exrates and Idex, Little Detective is finally on its development and production stage and announced about prospective discussions with some European countries for the distribution of its next-generation blockchain edutainment platform. As the first blockchain powered edutainment portal, Little Detective is especially targeting the developing countries that suffer from limited access to quality education, teachers and teaching supplies.

“We have devised a self-learning and exploratory edutainment platform which aims to effectively address the shortage of teaching supplies and lack of access to quality education in countries around the world. We are on our way to discuss the distribution of our innovative platform in some European countries.”

Little Detective has already announced about the plans of launching the platform in China, Asia and now Europe. Developed by Ixtus Edutainment, Little Detective is the first blockchain-powered edutainment portal, which aims to forward democratic participation in education across communities all over the world. The platform is targeted towards pre-school and lower primary school children.

Little Detective has declared to roll out its futuristic platform in various phases. China constitutes the biggest market for Ixtus and the company has chosen the Sino market for the Phase 1 of the launch of Little Detective. The platform will debut in China in 2019.

“We have decided to launch Little Detective initially in China and we are targeting first-tier provinces including Beijing, Shanghai and Guangzhou. We are also targeting highly populated provinces in the country such as Chongqing, Chengdu, Tianjin that altogether show a massive population totaling to 111 million”, stated Mr Alan BEK, CEO of Ixtus.

Little Detective is aimed to create a holistic learning ambience where the little users will be motivated to develop critical thinking and decision-making skills along with motor and speech skills. The platform is inspired by Western ideas of education and with China fast becoming highly receptive to Western thoughts, the Sino market easily qualifies to be the debut base for Little Detective.

The second phase of the launch of Little Detective is scheduled to start 12 months after the China launch and is declared to target major South-East Asian countries including Vietnam and Indonesia.

“A lot of Asian countries today are fast incorporating English in primary education but unfortunately lack of a proper curriculum to teach the language is a major obstacle here. Moreover, we have also witnessed shortage in supply of quality teaches as well as training, development and teaching methods in these highly populated countries that prevent quality education from reaching to the masses. We are looking forward to bridge the gap here with our blockchain edutainment portal.”

The phase 3 and 4 of the launch of Little Detective will be carried out in rest of Asia Pacific, Europe and other parts of the world.

“There are many developing economies in Europe and other parts of the world that have prioritized education policies but suffer from restricted access to quality education and shortage of resources. We are focused on helping these nations to overcome such shortages with our self-learning & exploratory platform.”

For more details, please go to http://ixtus.io
CMC link : https://coinmarketcap.com/currencies/ixtus-edutainment/

Contact Email Address
info@ixtus.io
Supporting Link
http://ixtus.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.

The post PR: IXE Token Backed by Blockchain Powered Education Platform Little Detective appeared first on Bitcoin News.

Bitcoin News

Namibian Bitcoin Trading Platform BTN Perseveres Despite Partial Crypto Ban

November 13, 2018 |

Namibian Bitcoin Trading Platform BTN Trudges on Despite Partial Crypto Ban

Bitcoin Trade Namibia (BTN), an emerging bitcoin marketplace, is trying to make things work for Namibians keen on investing in digital assets, even though it could take up to three days before buy orders are settled. However, in an industry where government forces crave control, the delay looks like it should be worth the wait.

Also Read: Iran Completes Development of Rial-Supported National Cryptocurrency

Namibia’s Investor-Centric Marketplace

Namibian Bitcoin Trading Platform BTN Perseveres Despite Partial Crypto Ban

BTN has adopted the know-your-customer and anti-money laundering requirements of the Bank of Namibia (BoN), the  country’s central bank, giving it a chance of survival in an economy where the commercial use of cryptocurrency is banned.

“The idea is to provide a safe and secure on and off ramp for bitcoin for Namibians who have expressed increasing interest … in the cryptocurrency,” Tshuutheni Emvula, co-founder and chief executive officer of BTN, told news.Bitcoin.com. “We are of the opinion that bitcoin, at its fully realized potential, provides the Namibian entrepreneur and consumer the perfect open payment mechanism for a digitally connected world.”

Emvula said it will be “a long road” before that is achieved, but “it starts with Namibians being able to participate in the network’s activities by actually owning BTC. Through direct ownership, greater interest in BTC and its ecosystem on behalf of the owner is incentivized.”

Founded in March this year by a group of software developers, Bitcoin Trade Namibia touts itself as a “non-speculative BTC marketplace,” that allows people in the southern African country a platform “that does not work as an exchange” to buy and sell bitcoin using the local Namibian dollar.

Namibian Bitcoin Trading Platform BTN Perseveres Despite Partial Crypto Ban
Tshuutheni Emvula

Buyers transfer money to a BTN bank account number in exchange for BTC, which is sent to an address of their choice. The opposite is true for sales, on fees of about 2 percent for transactions that do not exceed 150,000 Namibian dollars (U.S. $ 10,500). The process for purchases can last up to 72 hours in the worst case scenario, although BTC delivery is generally completed within three hours of fiat deposit on the average. At press time, each bitcoin traded at 98,769 Namibian dollars (U.S. $ 6,913), a premium of about 9 percent on the global average price.

Refusing to discuss user numbers and traded volume, Emvula stated:

We do not keep or store any bitcoin on behalf of users. We do not have an open order book which allows users to trade bitcoin with each other. We provide buy and sell services on an individual client basis. However, BTN is working with institutional investors on issues of custodianship but these services are not open to our low volume and casual customers at this point.

Cryptocurrency Ban

Namibia officially banned the use of cryptocurrencies for commercial purposes in 2017. The Bank of Namibia did not specify penalties for violating the prohibition, but warned that “a local shop is not allowed to price or accept virtual currencies in exchange for goods and services.”

Namibian Bitcoin Trading Platform BTN Perseveres Despite Partial Crypto Ban

It said only that the Namibian dollar and South Africa Rand remained legal tender in the country, but remained open to possibilities offered by blockchain technology. Even though cryptocurrency-related activities remain very limited in Namibia, the central bank’s main concern centered around exchange control violations and issues of creation of money, which it said was its sole mandate.

Emvula, the BTN chief executive officer, believes BoN’s stance has been misunderstood. He detailed:

The myth that cryptocurrency is banned in Namibia is perpetuated by bad research and FUD. A look at the position papers released by the Bank of Namibia will correctly inform the reader that the bank warns Namibian nationals of the dangers of cryptocurrency due to their non-regulation. Nowhere do they mention that they actively prohibit the trading of cryptocurrencies.

Bitcoin Trade Namibia has yielded to the KYC/AML requirements placed on operators of financial services by BoN, something that has clearly aided the platform’s cause in an economy where digital assets are operating under caution. On security, Emvula said: “Given that we do not store investor funds, other major vectors of attack would come in the form of risky traders and we ensure to review each of our trades in the relevant manner as directed by our compliance policy and Namibian law.”

What do you think about Bitcoin Trade Namibia’s business model? Let us know in the comments section  below.


Images courtesy of Shutterstock.


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The post Namibian Bitcoin Trading Platform BTN Perseveres Despite Partial Crypto Ban appeared first on Bitcoin News.

Bitcoin News

Minecraft-Like Platform Craft.cash Brings a 3D World to Bitcoin Cash

November 8, 2018 |

Minecraft-Like Platform Craft.cash Brings a 3D World to Bitcoin Cash

On Oct. 8, a new application was introduced to the Bitcoin Cash (BCH) community called Craft.cash, a BCH-powered onchain platform that’s similar to the popular block building game Minecraft. According to the development team called Blockparty, the Craft.cash game allows anyone to encode colorful voxel data into the three-dimensional world using op-return outputs stemming from BCH transactions.

Also read: Latest Release of Badger Wallet Supports SLP and Wormhole Tokens

Craft.cash: An Artistic Voxel Block World Stored Within the Bitcoin Cash Blockchain

There’s a new voxel-playground available for Bitcoin Cash users called Craft.cash that allows people to create an “immutable decentralized voxel world,” according to the creators. Essentially the platform is a virtual world where users can build environments using different color blocks and onchain transactions. When you first enter the website the platform gives you a Blockparty wallet mnemonic phrase and a text file that also contains the private key.

Minecraft-Like Platform Craft.cash Brings a 3D World to Bitcoin Cash

The open source application does not work for mobile phones, so users have to play with Craft.cash using a desktop browser. In order to build an immutable pattern of blocks in the world, you need to deposit funds into the wallet. The developers say that every transaction costs roughly 1,000 satoshis for network fees and there’s a maximum of 51 voxels (blocks) per transaction.

“This encodes voxel data in a binary format using op-return outputs of bitcoin transactions. With this design we can then look back into time to construct a world up until any Bitcoin block,” explained the Blockparty developer on Reddit.

Bright, Colorful, and Possibly ‘Four Dimensional’

Minecraft-Like Platform Craft.cash Brings a 3D World to Bitcoin Cash It takes some time to get used to the controls that allow you to travel around the virtual world and view the onchain art space without spending any money. A lot of BCH users have been using the application since it was launched and there are various structures, bitcoin cash symbols, and messages written throughout the landscape. There is a large number of colors available to choose from when designing various patterns and structures with the blocks. The creator has said there is no “pure black and white” in Craft.cash and everything in the world has a bit of color.

“This was done to give more room for color scales at expense of missing some things — Perhaps in future, I’ll do something to add more, but for now it’s bright and colorful,” Blockparty detailed. The creator emphasized he is open to ideas and pull requests concerning adding voxel shadows. “I’d like to actually make it possible to have a little graphics config to enable/disable different things at some point,” the creator adds.

Minecraft-Like Platform Craft.cash Brings a 3D World to Bitcoin Cash Even with all the current participants playing around and decorating the Craft.cash world, there is still lots of room to design and participate. Moreover, it is possible to delete the blocks that others have built by paying to remove them, the developer has explained. The well-known BCH developer Unwriter also enjoyed the fact the application uses Bitdb 2.0 and Bitsocket. When BCH proponents discussed the project on Reddit forums, many people complimented it for creating a 3D block placement system. Unwriter responded to the project’s announcement on Reddit and explained that Craft.cash is actually four-dimensional as opposed to three.

“[It’s] even cooler, actually it’s 4D — With an additional axis of “time” — Because everything is stored on the blockchain, they are all time-stamped by block so you can display a snapshot of the universe at a specific point in time,” the developer explained.

What do you think about Craft.cash? Let us know what you think about this voxel universe powered by bitcoin cash in the comments section below.

Disclaimer: Bitcoin.com does not endorse this product/service. Review editorials are intended for informational purposes only. Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com or the author 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 this article. 


Images via Craft.cash, Jamie Redman, Shutterstock, and Twitter. 


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The post Minecraft-Like Platform Craft.cash Brings a 3D World to Bitcoin Cash appeared first on Bitcoin News.

Bitcoin News

PR: BitCanna – Dutch Blockchain Startup Launching a Revolutionary Cannabis Platform

October 31, 2018 |

BitCanna - Dutch Blockchain Startup Launching a Revolutionary Cannabis Platform

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.

Leading global cannabis brands are ready to go cashless and take advantage of all the opportunities offered by the BitCanna blockchain platform

AMSTERDAM, October 31, 2018 – With the current exponential growth of both the global cannabis industry and blockchain technology, there is a potential partnership that stands to benefit both. Within the cannabis industry, there is a growing demand for payment solutions, track & traceability of crops, and trust mechanisms. BitCanna is combining the best of all worlds, addressing each of these problems through the launch of its blockchain platform and associated cryptocurrency. Over the past year, a team of 20 dedicated specialists has worked in close collaboration with the cannabis industry on the development of the platform and its global expansion. A large and growing number of leading international brands have already confirmed their partnership, and on the first of November their ICO will open for interested investors.

Most banks and financial service providers still refuse to process cannabis transactions due to the large degree of regulatory uncertainty in the industry. Leading experts and entrepreneurs from both the financial and cannabis industries view this as a huge opportunity to build a global digital payment solution for cannabis retailers that can circumvent traditional financial institutions.

“Keeping up with constantly changing cannabis laws is very difficult. So banks, credit card companies, and online payment providers either refuse to get involved in cannabis, or they charge excessively high transaction fees,” according to Jan Scheele, CEO of BitCanna. “That puts companies who are selling cannabis products legally in a tricky situation — they have to figure out how to take their businesses cashless and sell online without breaking any laws. That’s where BitCanna will help.”

BitCanna is a global blockchain technology company that helps cannabis companies to go cashless securely, legally, and cost-effectively. The company claims to be able to process transactions using its BitCanna token almost instantaneously and for a fee of just a few cents. It will also let vendors manage their supply chains and record all customer identification data. It is an incremental technological breakthrough for the entire global industry.

“It doesn’t matter if it’s a $ 10 or $ 100 transaction. Our customers will pay a small flat fee,” says Scheele. “We’re introducing a payment system that will make it cost-effective and safe for all cannabis companies to accept digital payments — whether they’re selling online or in-store.”

It’s not just online retailers who can benefit from blockchain technology. Some brick and mortar cannabis retailers spend as much as 10-15% of their revenues on security and staff to upkeep a cash-only business. Providing these companies with payment processing technology can help them reduce security risks while complying with regulations.

Many industry experts believe that despite the growth we’ve seen over the past few years, the cannabis market is only just beginning to take shape. In the United States alone, the cannabis market is forecast to double from $ 22B in 2017 to $ 44B in 2020. And the global market is expected to reach $ 140B by 2027, according to European investment bank Bryan, Garnier & Co.

BitCanna is well-placed to benefit from this growing industry. The company will have direct integration with some of the largest online cannabis shops when it launches in Q3 2019. It will run pilots at brick and mortar locations in the cannabis capitals Amsterdam and Barcelona. BitCanna alone has already partnered with dozens of cannabis companies to create the BitCanna Alliance. Alliance members are active in 27 countries and attract a combined 10 million unique website visitors a month so far.

The company has ambitious plans to become the global digital payment solution for the cannabis industry. It will launch in Europe first and then quickly expand to the rest of the world.

About BitCanna

BitCanna is a decentralized payment network for the legal cannabis industry. The company was founded by Boy Ramsahai, a true cannabis industry veteran who founded an internationally successful cannabis media company in 1991. His Dutch-language magazines High Life and Soft Secrets are well known in the Netherlands. BitCanna has partnered with major brands in the European cannabis market to form the BitCanna Alliance. The Alliance is working to create a healthy and transparent cannabis market by securing and tracking digital transactions and implementing supply chain and customer management.

Contact Email Address
info@bitcanna.io

Supporting Link
https://www.bitcanna.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.

The post PR: BitCanna – Dutch Blockchain Startup Launching a Revolutionary Cannabis Platform appeared first on Bitcoin News.

Bitcoin News

The Daily: Royal Mint Drops Digital Gold, Malta Issues Warning About Trading Platform

October 26, 2018 |

The Daily: Royal Mint Drops Digital Gold, Malta Issues Crypto Exchange Warning

In this edition of The Daily, we cover the U.K. Royal Mint’s decision to freeze a plan to issue digital gold tokens. We also look at a new Australia Post ID verification service, as well as a warning by the Maltese financial regulator about a cryptocurrency investment platform.

Also read: AMD Takes a Hit, Johnny Depp and Wu-Tang Clan Enter the Cryptosphere

Mint Scraps Virtual Coin Plan

The Daily: Royal Mint Drops Digital Gold, Malta Issues Crypto Exchange WarningThe Royal Mint has shelved a plan to issue digital gold tokens similar to so-called stablecoins. The move came after CME Group’s decision to pull out of an agreement to provide a trading platform for the project, as well as the U.K. Treasury’s refusal to approve plans to allow the coins to be traded on an undisclosed cryptocurrency exchange, Reuters reported, quoting multiple sources.

The state-owned mint first announced the plan to produce up to $ 1 billion of digital gold coins in 2016. The intention was to provide investors with an alternative to buying and trading physical gold. The launch of Royal Mint Gold (RMG) was initially expected in the fall of 2017, but the mint later postponed the plan until spring of this year. However, CME — which has invested in fintech startups and recently launched bitcoin futures contracts — decided to walk away from the project, following changes in the U.S. exchange operator’s management team.

Earlier this year, the Royal Mint attempted to save the RMG project by securing an agreement with an unnamed cryptocurrency exchange. However, the U.K. government reportedly blocked the proposed partnership on the grounds that it would be too risky. The Royal Mint said in a statement that it would revisit the plan “if and when market conditions are right.”

Cryptocurrency Exchanges Adopt
Australia Post’s Digital ID Service

The Daily: Royal Mint Drops Digital Gold, Malta Issues Crypto Exchange WarningState-owned Australia Post is now offering a digital identity service that allows users to register with online platforms in minutes and verify their identities without uploading multiple documents. Several cryptocurrency trading businesses have already adopted the Digital ID service.

Cameron Gough, general manager of the Digital ID project, said the technology gives people more control over the personal data they are expected to share with companies and other organizations. He said it could also appeal to investors who have thus far been reluctant to undergo certain verification procedures.

“Most people hand over their driver’s license to prove they can legally go to a bar, but all that is needed is a name and birth date — not that information plus your full residential address,” Australian news outlet Micky quoted Gough as saying.

The Daily: Royal Mint Drops Digital Gold, Malta Issues Crypto Exchange Warning

The Digital ID team is currently working with Australian cryptocurrency trading startups Coinjar and Coin Loft. And Digital Surge, a Brisbane-based bitcoin exchange, has already integrated the technology into its platform. Josh Lehman, director of Digital Surge, said the service has allowed the company to sign up and verify new customers much faster than before. Digital ID is now available on the Apple App Store and Google Play.

‘Dubious Scheme’

The Daily: Royal Mint Drops Digital Gold, Malta Issues Crypto Exchange WarningThe Malta Financial Services Authority (MFSA) has issued a warning about Primetradingbot, a cryptocurrency trading company that claims to legally operate from the crypto-friendly Mediterranean nation. The regulator said the online platform is not licensed on the so-called “Blockchain Island” and described it as a “dubious scheme.”

“Although this entity purports to operate from an address in Malta, the MFSA does not believe this to be the case,” it said, as quoted by Malta Today. “The MFSA wishes to alert the public, in Malta and abroad, that Primetradingbot is not licensed or otherwise authorized by the MFSA to provide any investment or other financial services which are required to be licensed or otherwise authorized under Maltese law.”

The regulator said that Primetradingbot offers what is advertised as a high-yield, bitcoin-related investment program. It warned about potential financial losses and has advised traders against dealing with the trading platform.

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


Images courtesy of Shutterstock, Royal Mint.


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The post The Daily: Royal Mint Drops Digital Gold, Malta Issues Warning About Trading Platform appeared first on Bitcoin News.

Bitcoin News

The Daily: Square Open-Sources Subzero, Coin Stats Launches Chat Platform

October 24, 2018 |

The Daily: Square Open-Sources Subzero, Coin Stats Launches Chat Platform

In this edition of The Daily, we look at Square’s recent decision to open-source its Subzero cold storage solution. We also focus on Bitcurate’s new cryptocurrency market intelligence service, as well as the chat platform that Coin Stats is launching for cryptocurrency investors and coin teams.

Also read: Binance to Expand in Singapore, Uphold Launches Loan Service

Square Shares Code, Tools and Documentation

The Daily: Square Open-Sources Subzero, Coin Stats Launches Chat PlatformSquare, a mobile payments app developer, is open-sourcing the documentation, code, and tools for Subzero, the platform’s cold storage solution for cryptocurrency holdings. Subzero uses hardware security modules (HSMs) — specialized devices that store sensitive data — to perform operations with the private keys of cryptocurrency wallets.

Last year, Square started offering customers the option to buy, sell and withdraw bitcoin core (BTC) with its Cash App. Users can view their holdings whenever they want, but the company claims it keeps only a small amount of customers’ coins in online hot wallets to facilitate transactions, while storing the rest in offline cold wallets. Other security features include the ability to customize the service, so the cold wallets can only send funds to Square’s hot wallet, as well as the implementation of multi-signature procedures.

“Since launching bitcoin support, Square developed a robust approach to bitcoin cold storage, and we recognize the importance of sharing our work with the community,” the company explained in a statement on Medium. “As a result, today we’re open-sourcing the documentation, code, and tools for Subzero, our HSM-backed solution for protecting Square’s bitcoin holdings.”

Bitcurate Starts Crypto
Market Intelligence Service

The Daily: Square Open-Sources Subzero, Coin Stats Launches Chat PlatformBitcurate, a Chinese company that provides cryptocurrency data intelligence solutions, launched a new crypto market intelligence platform this week. The service combines expert analysis with natural language processing and machine learning technology to provide investors with real-time market insights. The platform aggregates information from news sources, social media platforms, chat groups and online forums. It also utilizes data from traders, exchange APIs, the crypto futures market, and other financial instruments. In total, the company claims that it processes more than five million sentiment data points per day.

Bitcurate acknowledges that a lot of trading decisions are motivated by mere “noise.” However, it also claims that roughly 90 percent of movements in the cryptocurrency market are purely driven by sentiment.

“The best investment strategies are data-driven,” said Bitcurate CEO Victor Lee in an online statement. “However, the market today is fragmented, making it difficult and time-consuming for investors to find the accurate, wide-ranging information they need to make calculated decisions. That’s why our platform tracks millions of data points every day.”

Bitcurate offers its subscribers a range of trading data for the cryptocurrencies they are specifically interested in, including real-time exchange rates, sentiment scores and recent price changes, as well as the latest news from the cryptocurrency space. In addition, the platform ranks digital coins according to their U.S. dollar value and trading volume.

Bridging the Communication Gap

The developers of Coin Stats, a cryptocurrency portfolio tracking app, have launched a new feature that will allow users to chat with other cryptocurrency enthusiasts, digital asset investors and developers. Coin Stats Direct will maintain chat groups dedicated to specific cryptocurrencies within its Coin Stats application. The platform will allow users to post questions about different projects and start discussions. Project teams, on the other hand, will be able to post updates about their coins, while also fielding questions from the public and providing users with the latest information about the progress of their initiatives.

The Daily: Square Open-Sources Subzero, Coin Stats Launches Chat Platform

Coin Stats Direct is designed to bridge the communication gap that exists between  investors and coin teams. It aims to increase transparency in the cryptocurrency space by connecting project teams and users. The platform will initially support nine coins: bitcoin cash (BCH), bitcoin core (BTC), ether (ETH), ripple (XRP), EOS, NEO, stellar (XLM), vechain (VET) and appcoins. The company said it plans to add other cryptocurrencies and tokens to its platform in the near future.

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


Images courtesy of Shutterstock, Bitcurate.


Now live, Satoshi Pulse. A comprehensive, real-time listing of the cryptocurrency market. View prices, charts, transaction volumes, and more for the top 500 cryptocurrencies trading today.

The post The Daily: Square Open-Sources Subzero, Coin Stats Launches Chat Platform appeared first on Bitcoin News.

Bitcoin News

Nexo Lending Platform Adds Bitcoin Cash Support

October 23, 2018 |

Cryptocurrency loans service Nexo has confirmed it is adding support for bitcoin cash (BCH). The Switzerland-based lending platform offers crypto-fiat loans from upwards of $ 1,000, with no credit checks required as collateral. BCH holders will be able to stake their cryptocurrency as collateral and obtain instant funding in more than 40 fiat currencies.

Also read: Japanese Regulator to Host Regular Global Cryptocurrency Roundtable

BCH Becomes Nexo’s Sixth Cryptocurrency

Nexo Lending Platform Adds Bitcoin Cash SupportCryptocurrency lending service Nexo has been expanding rapidly. It recently added Ripple’s XRP and has now confirmed support for bitcoin cash and litecoin. These coins will join BTC, ETH, BNB and NEXO, granting cryptocurrency holders the ability to borrow anywhere from $ 1,000 to $ 2 million. Rather than sell their bitcoin cash when they require access to capital, users can lock BCH into the Nexo platform, before retrieving their coins once their loans have been repaid.

Nexo’s cryptocurrency assets are secured by custodial partner Bitgo, which just closed a Series B funding round from investors including Goldman Sachs. Bitgo has attracted a number of institutional clients to its service, as well as cryptocurrency companies such as Kraken and Pantera Capital. Once cryptocurrencies have been placed as collateral with Nexo, customers can obtain instant loans, and will also be entitled to additional credit should the value of their cryptocurrencies appreciate. Nexo boasts of having issued more than $ 1 billion of cryptocurrency loans to date.

Crypto-Fiat Loans Are On the Rise

Nexo Lending Platform Adds Bitcoin Cash SupportCryptocurrency holders today have a plethora of lending options available. On Oct. 19, news.Bitcoin.com reported on Salt adding support for dogecoin, while platforms such as Ethlend and Celsius Network have also been gaining traction. Cryptocurrency loans have a range of applications, including the provision of short-term funding for hedge funds that have invested in cryptos and wish to obtain capital for new investment opportunities. Nexo’s crypto-fiat lending service has also attracted cryptocurrency miners seeking to cover hardware expenses, as well as investors who wish to take out loans to buy more cryptocurrencies in the belief that they will rise in value, so they can profit without selling their existing holdings.

Nexo’s decision to add bitcoin cash and litecoin appears to have been swayed, in part, by a community vote that indicated strong desire for the coins. The lending platform is currently finalizing BCH wallet integration before its bitcoin cash lending service goes live in a few weeks’ time. Borrowers can obtain credit from 8 percent APR with no minimum loan repayments. Nexo has also completed integration with Coinmarketcap, enabling visitors to the market data site to start the process by clicking the “Get Loan” button alongside cryptocurrencies such as BCH and BTC.

Would you take a fiat loan in exchange for cryptocurrency? Let us know in the comments section below.


Images courtesy of Shutterstock and Nexo.


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The post Nexo Lending Platform Adds Bitcoin Cash Support appeared first on Bitcoin News.

Bitcoin News

Laura Ingraham: Midterm madness — Elizabeth Warren, other Dems embrace victimhood as a political platform

October 16, 2018 |

At some point in life, we all have to decide whether we want to be victims or victors. Do we want to be defined by slights and wrongs, ones that are perceived or real? That we suffer at the hands of others. Two hundred and forty-two years ago, our forefathers made the decision that kind of sitting around bemoaning our fate under British rule wasn’t going to get us anywhere. They decided to do something about it.
FOX News

PR: Exosis Launches ICO to Create a Multi Utility Platform

October 14, 2018 |

Exosis Launches ICO to Create a Multi Utility Platform

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.

Exosis is a multi utility blockchain platform with five blockchain sites which include, a decentralized cryptocurrency exchange, a virtual masternode, a decentralized e-commerce site, e- wallet and an OTC platform.

The cryptocurrency industry has been growing exponentially over the past couple of years. Currently, it is maintaining the market capitalization at $ 250-300 billion. This indicates that it is a market that has investment potential. The Exosis development team has realized that the best way to create a good cryptocurrency platform is by creating a multi-functional platform that has utility. Exosis is a realization of the dream. It features five different platforms in one. It has a decentralized exchange, a decentralized e-commerce site, an OTC platform, a Virtual Masternode, and a multiplatform e-wallet. These five different business models all rely on the Exosis coin. This Gives Exosis coin Utility, unlike most other cryptocurrency platforms.

The only way to succeed in the cryptocurrency industry is by differentiating yourself from competitors. Most of the altcoins are Ethereum-based coins that only offer one of the highlighted Businesses. Unfortunately, this means that investors have to speculate a lot. Such coins are driven more by demand and supply trends making them volatile. Exosis hopes to be different by first relying on its own mainnet. This allows us to control the security and the scalability of the platform truly. Second, having five different Businesses on the same platform provides the Exosis coin with Utility. The coin will be used to pay transaction fees on these five different Sites creating a constant demand for the coin. This will enable the Exosis coin to appreciate. The coin will be less volatile and more lucrative over time making it the perfect coin for Holding. The passive income opportunities for these Businesses will also endear investors Who want-to make a consistent profit on Their investment with relatively low risk.

Exosis ICO has already begun gathering massive attention from private investment groups, individuals and the media in general. Its decentralized exchange will be one of the core components of the Exosis ecosystem. Lately, there has been numerous challenges facing some of the established cryptocurrency exchanges as a result of increasing regulation, security issues and order processing speed. Exosis exchange is a decentralized exchange which means that it is a decentralized market that does not rely on a third party service so as to hold customer funds. The exchange will be completely anonymous and decentralized which means there will be no government involvement.

Aware that not everyone has the hardware or internet connection to run a masternode. Exosis has offered this opportunity to others by creating virtual masternodes that users can run without the hardware. It offers our users a passive income opportunity. The requirements to run a virtual masternode will be only 100 coins. The rewards will be the same as running the core wallet, but the difference is that the duration of staking will be locked. We will offer flexible durations of 1, 3, 6 and 12 months.

Exosis ICO main goal is to support the development of the entire blockchain together with the individual projects. The firm projects to start with an initial 21 million Exo. From this, 2 million coins will be pre-mined. The pre-mined coins will be used in preparation for the main ICO. There will be 10% used for referrals, 10% for bonuses, and 10% for the bounty while the rest will be distributed to the social media, other listings, and marketing. The rest of the ICO funds will be allocated to the following different functions. There will be 50% that will be reserved for market back up. 30% that will be used for promotion and advertisement, while the remaining 20% will be used for development.

The Exosis ICO will sell EXO in exchange for BTC, BCH, DASH, ZEC, and DOGE as payment methods. The sale price of The ICO will be $ 5 with The Soft Cap at I million EXO while the Hard Cap will be at 2 million EXO. There shall be three bonuses stage with each stage receiving a specific bonus percentage amount. Prime shall be carried out After the end of ICO sale date. The ICO will start on 21st October 2018 and end on 19th November 2018.

For complete information, please visit https://www.exosis.org/

Contact Email Address
aravind@exosis.org

Supporting Link
https://www.exosis.org/

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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Zigzag Platform Provides Cryptocurrency Swaps Over the Lightning Network

October 11, 2018 |

Zigzag Platform Provides Cryptocurrency Swaps Over the Lightning Network

There’s a new exchange system under development called Zigzag.io, an app that allows users to swap bitcoin core for other digital assets like bitcoin cash, dash, and ethereum over the Lightning Network. The beta application is currently available to test cryptocurrency trades as the project launched on the main-network during the first week of September.

Also Read: Electron Cash Developer Reveals In-Wallet BCH Fundraiser Prototype

Lightning Network Trading

Zigzag Platform Provides Cryptocurrency Swaps Over the Lightning NetworkOver the last few years, cryptocurrency enthusiasts have been searching for different types of exchange solutions. A new platform launched by Zigzag.io provides a digital currency trading system that utilizes the Lightning Network (LN) for exchanges. The open source project enables users to swap coins by making a payment with any LN wallet to the exchange similarly to the way Shapeshift works. The Zigzag exchange only needs two cryptocurrency addresses to complete the process, and it doesn’t require any KYC data. 

Although, in order to use the Zigzag exchange, users need to send coins with the LN enabled wallets like Zap, Eclair, Lightning, or Htlc.me clients. The beta version only allows a maximum exchange of US$ 100 per trader for now. Additionally, since the application is in beta if something goes wrong the team has created a refund system. In the future, the team plans on designing a custodial wallet service where people can deposit BTC, BCH, DASH, ETH, and LTC and trade without having any prior LN knowledge.

“We highly appreciate the work of Lightning Network community. But there are still people out there for whom Lightning Network is hard to use, we think to introduce more people to Lightning there has to be a way to try it free of any technical expertise,” the developer’s blog states.

Zigzag Platform Provides Cryptocurrency Swaps Over the Lightning Network
The Zigzag exchange user interface.

Another Lightning Exchange Service on the Horizon

After the software’s first week of launch, the developers said they got a lot of feedback and feature requests from the community. Since then, Zigzag programmers have added reverse exchanges to the application. Two other requests they have not implemented yet was adding new trading assets and lifting the exchange cap of $ 100.

Zigzag Platform Provides Cryptocurrency Swaps Over the Lightning Network
Zigzag shows the latest swaps.

The team says they do plan to add more coins in the future, but it is not a primary focus. The move to lift the $ 100 trading cap is a bit trickier due to the maturity of the Lightning Network, the Zigzag team emphasized.

“This is a tricky question as Lightning Network is still in beta, we’re also still in beta, we also need to clarify legal part of our service, so for now we’re keeping limits low,” says the Zigzag team.

There’s been a slew of new trading platforms launching recently and testing out different trading techniques. Moreover, lots of cryptocurrency enthusiasts are in search of trading platforms that don’t use KYC. There’s also another open source Lightning Network exchange called Sparkswap that provides traders with the ability to exchange cryptocurrencies using LN technology and atomic cross-chain swaps. The Zigzag exchange and Sparkswap platform announced their platforms around the same time. Zigzag was developed by Andrey Samokhvalov, and Denis Khvostov and the application’s users can give the exchange operators feedback using the developer Slack channel.

What do you think about the Zigzag Lightning Network trading platform? Let us know what you think about this technology in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned company/product or any of its affiliates or services. The author and Bitcoin.com are 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 this article.  


Images via Shutterstock, and Zigzag.io


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