Day: July 7, 2017

The beginning of the month was marked by the release of a new win-win roulette, which amount of players surpassed the activity in the previous blockchain game, released by the developers in late February. The success of the project was achieved due to the uniqueness of the solution, favorably differing from other products of this segment. Focusing on a large number of players unfamiliar with the world of blockchain technology and crypto currency, the founders set a goal to expand the popularization of the platform among ordinary users.

For this purpose, a whole strategy was developed to create and promote the project including the maximum simplification of the game start without plugins installation, playing for free and the absence of commissions for placing bets. No deposit solution in less than a month attracted 12,800 players who were able to get up to $ 10 for participating in the new roulette testing. Feedback of satisfied users has been spread through forums and social networks, creating an additional advertising effect.

At the end of the month, the total amount of bets placed by the players was almost 8 million RLT with the number of rounds played approaching to 570,000, which exceeded the blockchain roulette statistics parameters for 4 months by 43 times.

Having built up the active loyal players’ base SmartPlay.tech founders added the possibility of refilling the account with RLT tokens. Users are given a bonus of up to 50% to their first deposit, which makes it possible to receive 0.025% of each bet regardless of the game outcome. In the near future developers plan to connect the balance of win-win roulette to the system of dividend distribution in order to resume payments and increase their frequency. In addition, to further expand the base of players will be added the ability to deposit ETH.

Exchange statistics

June was a record for the volume of trading and the value of the token on the exchange. RLT more than once held record positions in the amount of transactions made on Livecoin which total monthly value comprised $2,872,000. On June 9th, SmartRoulette token reached another record with the price soaring to $1.

Project development

In mid-June, in order to attract and build up the audience of players, the project started to be advertised on more than 370 crypto-currency and gaming sites. On a regular basis press releases are posted on the top 20 news outlets and aggregators with the base of active users engaged for the distribution of the information about the project using a whole system of so-called bounty campaigns.

In the second half of the month the developers presented the first version of the affiliate program. On unique market conditions earning 0.5% from each bet of the referred player became available not only for professional webmasters and advertisers, but also for ordinary users. In this case, the weekly commission is charged regardless of the player’s game outcome, unlike most affiliate programs. At the moment 23 major affiliate websites are participating in the promotion of the project.

Cooperation with the big partner from Macau

The main news of the outgoing month was the beginning of negotiations between SmartPlay.tech and a major gambling partner with a significant stake in the gambling and hotel business of Macau. The decision to make a big investment in SmartRoulette project was made by the partner after a detailed review of the developed solution. According to him, the project favorably differs from competitors in the presence of a working solution oriented to ordinary players and unique opportunities provided both to players and investors, however its rapid promotion requires aggressive marketing in order to occupy a significant market share and raise its competitiveness.

According to the founders’ calculations the conclusion of cooperation with a partner having many years of expertise and a high level of competence in promoting online gambling will increase the project’s capitalization and its share of the presence in the international gambling industry.

Disclaimer: This is a sponsored post and does not necessarily reflect the opinions of any The Merkle employees. This is not investment or trading advice, always do your own independent research.

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PAY tokens will be moveable and tradeable on Bittrex this Friday, July 7th, at 4 p.m. UTC.

A new virus which installs an app for stealing money via SMS banking is afflicting Android users.

The UN is denying claims it was involved with a Malaysian environmental blockchain project called EcoBit, according to reports.

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A Swiss investment certificate that tracks the price of bitcoin is gaining popularity with investors. The Vontobel bitcoin certificate is one of the most-traded structured products on Switzerland’s largest stock exchange, according to a local publication.

Also read: Britain’s Largest Broker Offers Exchange-Traded Bitcoin Investments

Strong Demand for Bitcoin Tracker Certificates

The Vontobel bitcoin tracker certificate was launched in 2016 and is listed on Switzerland’s largest stock exchange, the Six Swiss Exchange. Since its launch, the firm saw “considerable demand” for the tracker certificate and subsequently raised its issue size a couple of times. On Thursday, a Swiss/German-language daily newspaper published by the NZZ Media Group, the Neue Zürcher Zeitung, reported:

The certificate is a success: On many days it is the most traded structured product on the Swiss stock exchange. The initially small issue volume of the certificate with a term of two years was quickly increased to CHF 20 million and now increased to CHF 40 million.

The product trades under the symbol ZXBTUV with bitcoin priced in USD as the underlying asset. The certificate has a two-year term. The first day of trading was on July 15, 2016, and the last day of trading will be on July 16, 2018. “Between those dates, investors will be able to trade the Vontobel certificate on the secondary market, i.e. buying or selling at the applicable bid/offer prices,” the firm explained. Roger Studer, Head of Vontobel Investment Banking, said this bitcoin certificate “will for the first time give investors a simple and transparent means of investing in bitcoins on the Six Swiss Exchange.” Redemption is in cash, equal to the price of bitcoin at the certificate’s maturity.

Attraction to Vontobel Bitcoin Tracker Certificates

Established in 1924, Swiss private bank Vontobel specializes in wealth and asset management for private clients and institutional investors. With 21 international locations, the firm also offers investment and private banking services. At the end of 2016, it held CHF 195 billion of client assets.

Citing the complexity of acquiring digital currencies, the Neue Zürcher Zeitung wrote that “there are a lot of questions to ask the potential investor such as: what crypto you should buy, should you do it directly on a stock exchange or with a broker, do you need a web wallet for the coins, and what to do with the elliptical code.”

These questions are why bitcoin tracker certificates and similar standardized investment products are welcomed by Swiss investors, the publication quoted an asset manager saying. Investors in Switzerland feel that trading bitcoins with a Swiss bank carries a significantly smaller risk, he continued, adding that “one does not have to invest on a bitcoin platform, which many asset managers consider unsafe.”

Meanwhile, two other bitcoin tracker certificates are also gaining popularity globally. Bitcoin Tracker One and Bitcoin Tracker Eur issued by XBT Provider recently announced having achieved $100 million in assets under management, due to “rapidly escalating” demand from investors. This announcement followed the two products’ listing by Britain’s largest broker, Hargreaves Lansdown.

Would you invest in Vontobel bitcoin tracker certificates? Let us know in the comments section below.

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Images courtesy of Shutterstock and Vontobel

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The post Vontobel Bitcoin Tracker Certificate Gaining Popularity in Switzerland appeared first on Bitcoin News.

A crypto fund manager argues that the term “cryptocurrencies” is now outdated, proposing another term to match the shifting use of the technology.

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Spending Bitcoin is still rather difficult when it comes to everyday purchases. That is especially true in Germany, as the country doesn’t have the best of relationships with cryptocurrency. It now appears  Lieferando.de accepts Bitcoin payments. This means Germans can spend Bitcoin to have food delivered to their doorstep. A very positive development for Bitcoin … Continue reading German Consumers can now use Bitcoin to pay for Food Delivery Through Lieferando

The post German Consumers can now use Bitcoin to pay for Food Delivery Through Lieferando appeared first on NEWSBTC.

A2B Direct, a freight forwarding platform currently operating in Eastern Europe, is working on implementing blockchain technology in its operations.

The platform itself was first announced in late 2016, and soon became unofficially known as a “freight Uber.’ Similar to the way Uber has disrupted the very idea of taxis, A2B is enabling peer-to-peer management of supply chains. Currently it offers direct interaction between freight forwarders and cargo owners, ensuring 24/7 communication with the driver. Furthermore, A2BDirect takes care of all involved paperwork while getting rid of excessive forwarding expenses.

The market the company seeks to disrupt is very vast, and unfortunately suffers from almost unbearable complexity of business processes.

Logistics: What Went Wrong

Logistics generally deals with forwarding cargo from one city to another. Those cities of course, may be located in different countries or even in different continents. This fact alone entails complexities related to customs clearance, generation of papers to accompany the cargo, controlling the movement of the cargo, and so on.

However, the complexities do not stop there. Another challenge faced by the industry is high forwarding expenses and omnipresence of intermediaries that no deal involving cargo can do without.

Finally, there’s a consumer issue: supply chains that bring goods from one continent to another are usually so long that products may get lost or damaged on the way: thanks to smuggling, paperwork errors or deliberate misconduct of even one of the numerous parties involved in the process, it can be very difficult, if not impossible to determine a commodity’s exact origin.

A2B’s Solution

All those issues have been plaguing the industry for decades, and even the emergence of the internet didn’t seem to seriously improve the state of affairs. This might be the reason that makes A2B’s solution to stand out.

It ensures peer-to-peer interaction between cargo owners and freight forwards during all phases of freight forwarding. The customer may find the contractor that fits their purposes the best, ensures round-the-clock communication with the driver, and, most importantly, works with the entire cycle of document flow, insurance, and legal issues. The service’s clients may track their cargo online and forget about forwarding expenses. Both parties involved in the process, i.e. owners and forwarders, are able to find the best deals in a blink of an eye and plan their workload in advance.

Notably, the project has garnered support from local stakeholders of finance, oil and gas, insurance, and telecom industries. As a bonus, service customers get automatic access to the benefits and discounts provided by its partners.

Enter Blockchain

The team behind A2B, however, opted not to stop at that and to improve the whole experience even further. In order to do that, they are implementing blockchain solutions to the platform.

Blockchain may offer serious advantages to international transportation.

The technology can automatically record all movements of lorries subscribed to the system, completely eliminates the need for intermediary services, and makes all paperwork and document flow fairly simple. On top of that blockchain ensures security and transparency that no centralized solution can offer.

As a result, the work of the system can become even less expensive. In addition to that, blockchain’s accountability would rectify the opacity of long supply chain, and would pull the plug on massive smuggling.

What’s Down the Road

A2B Direct has ambitious plans of expanding its presence to the Western Europe and America.

Powered by blockchain technology, it might actually disrupt the stagnating and overwhelmed market of international transportation and logistics by bringing innovations to every level of business processes of the industry.

Having evolved from seashells passed hand-to-hand to digits on an electronic screen, money has come a long way. Ten years ago e-currency was a curiosity – today it has become, for many, a necessity.

However, anonymity remains the main difference between conventional cash and online currencies. It is a common misconception among users of cryptocurrencies that Bitcoin is anonymous. Bitcoin is actually pseudonymous, meaning that the user’s wallet number is an alias, a pseudonym. If the pseudonym’s association with the identity of the wallet’s owner is exposed, the entire history of the transactions involving this wallet will be compromised.

BITPETITE solves the problem of anonymous money transfers. Most financial services abide by the KYC (know your customer) and AML (anti-money laundering) policies, which require customer identification. BITPETITE’s unique feature is that it does not require customers to complete the process of identification and does not store information about customers’ activity.

The system performs exchanges between customers’ money and e-currency drawn from anonymous reserves. The BITPETITE’s confidentiality protection technology involves sending funds to multiple client wallets at a time, delayed currency exchange, and randomized commission fees.

In order to function successfully, BITPETITE needs a constant monetary flow so as to provide high level of anonymity to customers. The more money the system has available in its reserves, the more effectively it can mask each electronic transaction.

This works in a similar way to a high-resolution display: the more pixels it has, the harder it is to spot each individual pixel. To facilitate the flow of funds, BITPETITE accepts partner investments and offers generous investment terms. With a 6-week deposit period, the investor earns 4.5% daily, and with a 9-week deposit, this interest is 3.6%.

The system’s most active investors can also earn additional income. BITPETITE rewards affiliate participants for each new partner they invite: for a first-tier referral, the participant receives 10% of each deposit, second-tier referrals bring the reward of 5%, and the third-tier ones, 2%. Currently we accepting Bitcoin and Ethereum, we also have other promising cryptocurrencies in our plans.

In order to provide extra security of the investments, BITPETITE offers the currency conversion feature. It enables investors to freeze the cryptocurrency exchange rate at the time of deposit, so that they will not lose money due to the exchange rate volatility.

Disclaimer: Bitcoin tumblers may be illegal in your jurisdiction. The Merkle is not liable for any repercussions that may ensue by using such a service.

Media and information giant Thomson Reuters is looking to include distributed ledger and cryptocurrency startups in its new incubation program.

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