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PR: GaxCoin ICO Launches Private Sale

August 14, 2018 |

GaxCoin ICO Launches Private Sale

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

We are pleased to announce the start of the sale of GaxCoin. The launch of our Initial Coin Offering is scheduled for 11 August 2018; a fundamental date for all those who wish to contribute to our Startup Blockchain project, to the creation of the Platform and its innovative and completely autonomous Ecosystem, which continues to be developed and which has its cardinal points in stability, simplicity and reliability.

According to an important popular report by specialized research company, the growth of ICO system has a huge potential totalizing, for the current year, contributions equal to 1.66 billion dollars with 480 ICO launched. The rhythm is still increasing and the results are surprising.

GaxWorld, thanks its architecture, boasts some characteristics that are making our fundraising unique: the project foresees that 40% of the funds will remain in provision and spent for the compensation of the Providers of the various services. The elegance of this technology, the security and confidence it can boast of, greatly increases expectations.

GAX World will be built around the ICO of GaxCoin: four industries to which billions of dollars are dedicated every day in the world. The relevant markets are in continuous expansion and are of global interest: Travel and Holidays, E-learning, Betting & Casinò and Work & Freelance and a very rich innovative Crypto Marketplace will complete the package!

Thanks to our Main Sponsor totowinbet.com, the ICO launch has been possible and GaxClub has already started the development of all the Platforms in collaboration with the technical experts of the best known online gaming structure in Malta.

In the first phase of our Private Sale, GaxCoin ICO will formalize the promised commitment through a pool of Private Investors, which commit to invest more than USD 6 millions in our ICO and therefore enable the global development of the milestones mentioned in our Whitepaper. Immediately after the private sale, four important steps have been planned, ready to be offered to contributors in the next months: the initial contributors will have up to a 50% bonus on subscription!

The solidity and relevant success of our ICO, in addition to the confirmed funds that will be deposited during the Private Sale and an amazing sponsor like TotoWinBet, is guaranteed by a team of Professionals working for most of the group’s operating companies in Malta, Italy and Bulgaria. They are already working together to develop the most complete platforms in the industry.

An innovative and decentralized system allowing people around the world to book business & leisure travels, to learn with the best online E-learning facilities, to hire the most successful Freelancers in the world for your IT, Marketing Consulting and Translation needs, and an easy access global Marketplace. A Blockchain based Gaming & Betting Platform will complete the package offering fun and enjoyment at gaming tables and sports bets!

For those who want to invest in online casino gaming, we have developed a White Label Bet & Casino, platform ready to use. Everyone can choose a personal name and logo and start an online business in the entertainment sector ! Easy, ready and cheap! A real complete gaming platform ready to be personalized and branded, managed by experienced GaxCoin developers and available for the equivalent of just a few dollars.

Join our incredible Project now or subscribe to the Whitelist to get 5% Bonus Extra guaranteed during all ICO steps!

Or Join private contributors in the Private Sale step with Custom Bonus!!

Press Contact Email Address
info@make-ico.com

Supporting Link
http://www.gaxcoin.com

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: GaxCoin ICO Launches Private Sale appeared first on Bitcoin News.

Bitcoin News

Sumner Redstone Trust Restricts Sale Options for CBS, Viacom

August 9, 2018 |

Sumner Redstone doesn’t want his heirs to have an easy time selling off his family’s controlling stakes in media companies Viacom and CBS. And he put it in writing in his estate-planning documents.
WSJ.com: US Business

Tribune Media terminates sale to Sinclair Broadcast Group, seeks $1 billion in damages

August 9, 2018 |

Sinclair Broadcast Group’s proposed $ 3.9-billion deal to acquire Tribune Media is dead.

Tribune announced Thursday that it is terminating the merger agreement. The companies had the option to kill the sale if it had not closed by Aug. 8. The deal was first announced in May 2017.

Tribune also said…


L.A. Times – Business

TMZ

Dick Cheney’s Signed Waterboard Kit Purportedly for Sale on eBay

July 22, 2018 |

The “waterboard kit” Sacha Baron Cohen got former Vice President Dick Cheney to sign for his new show has apparently hit the digital marketplace … and bids are coming in fast. A new eBay listing purports to be selling the original empty milk jug…

TMZ.com

UK Police Top up Budget With Proceeds From Sale of Seized BTC

July 22, 2018 |

UK Police Top up Budget With Proceeds From Sale of Seized BTC

A UK police department has sold 295 BTC which they say were legally seized from a drug dealer. The court ordered him to forfeit his crypto stored in a hardware wallet. The police reportedly get to keep 18.8% of the sale proceeds.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

British Police Seized BTC from Drug Dealer

The Crown Prosecution Service (CPS), the principal public prosecuting agency for conducting criminal prosecutions in England and Wales, unveiled this week the details of a case involving 295 BTC. The CPS wrote:

A drug dealer and money launderer who was using cryptocurrency to conceal his funds has had over £1.2 million [~US$ 1.6 million] worth of bitcoins seized, restrained and then converted into British pounds in the first case of its kind.

UK Police Top up Budget With Proceeds From Sale of Seized BTC
Sergejs Teresko.

Sergejs Teresko, a 31-year-old Latvian, was arrested on suspicion of money laundering and drug offenses in April last year. A “cannabis factory,” a number of fake identification cards, luxury goods such as jewelry and Rolex watches, gold bars, expensive cars and large sums of cash were found at his home in Surrey, a county in southeast England.

He pleaded guilty on October 6 “to one count of being knowingly concerned in the production of a controlled drug, one count of possessing criminal property, one count of possession of articles for use in frauds and six counts possession of an identity document with improper intention,” the CPS detailed.

Teresko “was later convicted of money laundering and drug offenses at Kingston Crown Court where he was sentenced to nine years, three months in prison,” the agency noted:

In total, Teresko was found to have made £2,058,613 [~$ 2,703,578] from his crimes with an available amount of £1,447,935 [~$ 1,901,574] to pay back. He was given three months to pay the order or would have to spend a further 10 years in prison.

Kingston Crown Court ruled on Thursday that Teresko must forfeit the £1,447,935 “of his ill-gotten gains, including bitcoin,” the Financial Times reported.

Keepkey Wallet Found

According to Surrey Live, a Keepkey hardware wallet was found at Teresko’s home. Surrey Police then secured a warrant to access the device. DI Rob Bryant of South East Regional Organised Crime Unit was quoted by the news outlet:

We didn’t think we were going to actually find anything in these wallets. We thought we would open them and there’d be nothing there.

The cops, however, found two wallets on the device. The first did not contain anything but the second had 295 BTC. When they found out the coins’ worth, “the colour started to drain from a number of faces,” the publication quoted Bryant saying.

The Independent elaborated:

Surrey Police has now become the first UK force to successfully seize bitcoin, convert it into sterling and be granted permission by a court to keep the cash for government and police coffers.

Police Can Keep 18.8%

Using “powers under the Proceeds of Crime Act,” Surrey Police seized Teresko’s coins, the CPS revealed.

UK Police Top up Budget With Proceeds From Sale of Seized BTCCiting BTC’s “extreme volatility and the risk of it being moved on or stolen,” the cops applied to the court to seize the coins and convert them into sterling, Surrey Live described. They convinced the judge that “bitcoin was a real thing that could be seized,” the news outlet wrote.

The CPS explained that it “applied to have the restrained bitcoins converted into pounds. The 295 bitcoins were then sold by Surrey Police through an approved bitcoin exchange.”

According to the Financial Times, the police “set up its own bitcoin wallet and then used an offshore exchange to transfer and convert” the seized BTC. The proceeds were then “transferred to a police bank account,” the publication added:

Surrey Police gets to keep 18.8 percent of the proceeds of Teresko’s crimes — about £273,000 — which the force can use to top up its operating budget.

What do you think of this case? Let us know in the comments section below.


Images courtesy of Shutterstock and Surrey Police.


Need to calculate your bitcoin holdings? Check our tools section.

The post UK Police Top up Budget With Proceeds From Sale of Seized BTC appeared first on Bitcoin News.

Bitcoin News

Less Than Half of ICOs Survive Four Months After Sale, Study Finds

July 11, 2018 |

Less Than Half of ICOs Survive Four Months After Sale, Study Finds

New academic research has concluded that more than 50 percent of crypto projects raising capital through ICOs do not make it through to the fifth month after the token sale. The study also suggests that investors get the best return on their money if they sell the coins within the first month of trading, while the safest strategy would be to part with the tokens on the very first day.

Also read: Decentralized Exchanges – New and Hacked, and Some Lost Coins

Majority of ICOs Live Less Than 120 Days

Less Than Half of ICOs Survive Four Months After Sale, Study FindsDespite data from two recent studies suggesting that investors are still bullish on ICOs (Initial Coin Offerings), a research conducted by Boston College academics reveals that most crypto startups relying on crowdfunding have a pretty short lifespan. According to the authors – Hugo Benedetti, assistant professor at the Carroll School of Management and finance PhD student Leonard Kostovetsky – less than half of all new ICOs survive more than four months after launch.

The two researchers based their study on analysis of the Twitter accounts maintained by the projects, taking into account the intensity of tweets after the coin offering. They estimated that the survival rate of the startups, 120 days after the end of the sale, was only 44.2%. The assumption is that companies that are inactive on social media in the fifth month most probably did not survive. The report covers almost 2,400 ICOs completed before May this year, and examines over 1,000 Twitter accounts.

The survival rate has been calculated as an average figure for three categories of ICOs, Business Insider reports. The first group consists of projects that have not reported raising any money and are not listed on exchanges. Startups that reported raising capital but didn’t list fell in the second category. And the third includes the ICOs that list their coins on trading platforms. The statistics show the following survival rates – 17%, 48%, and 83% for these groups, respectively. The share of the projects that become inactive right after their token sales, or the potential scams, is about 11%.

Listing Increases Chances of Survival

Based on these findings, the study concludes that the sustainability of an ICO depends on whether the company behind it is able to list its coin on a crypto exchange. Investors who have supported a project during the coin offering enjoy greatest returns when the coin is listed. The researchers gathered data for over 4,000 ICOs, which raised $ 12 billion since January, 2017, and found that the projects generated an average return of 179%, accrued over an average holding period of 16 days from the last day of the ICO.

Less Than Half of ICOs Survive Four Months After Sale, Study FindsAccording to Kostovetsky, selling the acquired coins on the first day of trading is the safest investment strategy, when it comes to ICOs. In any case, investors should sell their holdings within six months, he added. “What we find is that once you go beyond three months, at most six months, they don’t outperform other cryptocurrencies,” Kostovetsky told Bloomberg. “The strongest return is actually in the first month,” he emphasized.

Benedetti and Kostovetsky explain the spike in the prices of many tokens after their listing with the underpricing during the ICO, as often they are sold to investors at significantly discounted prices compared to the open market rates. Despite that, the researchers also found that the returns are declining over time as companies have started analyzing prior sales by similar platforms to better determine the expected demand and the price of their coins.

What do you think about the short life of ICO projects? Let us know in the comments section below.


Images courtesy of Shutterstock.


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 Less Than Half of ICOs Survive Four Months After Sale, Study Finds appeared first on Bitcoin News.

Bitcoin News

Univision Eyes Sale of Fusion Media Group

July 8, 2018 |

Univision Communications is exploring a sale of Fusion Media Group, which houses websites including Gizmodo and Deadspin, as it pursues a companywide restructuring following a leadership change
WSJ.com: US Business

TMZ

Inside Kim Kardashian & Kanye West’s Old Bel-Air Mansion, It’s for Sale Again

June 26, 2018 |

Kim Kardashian West and Kanye’s old Bel-Air pad — the one they transformed and sold for nearly $ 18 mil — is back on the market … and we’ve obtained never-before-seen pics in and around the palace. TMZ broke the story, Kimye sold the 10,000…

TMZ.com

PR: EO Obtains Licenses for Crypto-Fiat Exchange and Wallet as Its Initial Coin Sale Continues

June 8, 2018 |

EO Obtains Licenses for Crypto-Fiat Exchange and Wallet as Its Initial Coin Sale Continues

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.

EO, a four-platform-ecosystem has obtained two licenses to for its upcoming crypto fiat exchange and wallet. This makes it one of the first crypto-based companies to receive a license prior to launching of its crypto products and it can officially allow the use of fiat on its upcoming crypto exchange, crypto wallet and online trading platform, as well as the exchange of its own coin, EO, with fiat.

Regulation in the crypto world is a fairly new topic which has been getting a lot of attention as more crypto related projects emerge. Many crypto exchanges and crypto wallets are seeking to receive licensing for their services, however currently exchanges and wallets, including some of the biggest names, are operating without licensing, and are allowed to due to the youth of the cryptomarket.

EO comes from ExpertOption which has been a regulated broker since entering the online trading scene, EO which among other products will develop and launch a crypto exchange and crypto wallet for both fiat and digital currencies is following the same path and has received the Virtual Currency Exchange Service License (number FVR000193) and the Virtual Currency Wallet Service License (number FRK000161) before launching its crypto products.

EO.Finance, the financial crypto-fiat hub which will serve as a wallet for storing and exchanging cryptos with fiat is expected to be released in July of 2018 according to the roadmap. EO.Trade crypto exchange, which is the biggest project in the ecosystem will be released in December of the same year and is now officially licensed to offer direct exchange from fiat and crypto and vice versa along with all other EO products.

The EO ecosystem with its platforms will bring online trading and blockchain projects closer by making crypto and fiat exchange easy. The platforms will allow newcomers to crypto to buy tokens using fiat. They can also exchange their cryptos back to fiat without a complicated processes.

The system will introduce token-based accounts on its online trading platform, ExpertOption, where the EO coin will allow crypto trading with higher profit percentages. The EO coin will also allow lower transaction fees on EO.Finance and EO.Trade.

The EO coin presale started on the 16th of April and will continue until the 29th of June while a second round of sale is expected on the 16th of July to the 31st of August.

Contact Email Address
help@eo.trade
Supporting Link
https://eo.trade

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: EO Obtains Licenses for Crypto-Fiat Exchange and Wallet as Its Initial Coin Sale Continues appeared first on Bitcoin News.

Bitcoin News

TMZ

Tommy Lee’s Fiancee Says They’ve Made Sex Tapes, But They’re Not for Sale

June 6, 2018 |

Tommy Lee’s fiancee ain’t hiding it, they’ve recorded themselves bangin’ … you’re just not gonna see it. At least that’s their plan. We got Brittany Furlan at the Topanga Mall Tuesday, and she spilled some tea about their relationship –…

TMZ.com