Day: July 12, 2017

Hello and welcome to News BTC’s Market Outlook July 13. ETH/USD Ethereum fell a bit during the day at the open on Wednesday, but found enough support at the $180 level to turn around and reach towards the $200 level. Quite frankly, if we break above the $220 level, it could be a buying opportunity, … Continue reading ETH/USD and ETH/BTC Technical Analysis July 13, 2017

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Logistics company A2B Direct currently operating in Eastern Europe has launched an Ethereum-backed Token Sale on July 12th, 2017. The campaign is scheduled to last for a month, and seeks to raise €500,000 to €3,000,000.

The platform was first introduced in late 2016, and became widely known as a “freight Uber.” The service provides direct interaction between freight forwarders and cargo owners, ensuring 24/7 communication with the driver, and taking care of all involved paperwork while getting rid of forwarding expenses.

Unlike most companies that hold coin offerings, A2B Direct does not raise funds for the purpose of developing a solution, but instead offers a platform that is already operational. The Token Sale seeks to finance transferring the platform onto blockchain in order to cut expenses for international transportation and make business easier for both carriers and customers while allowing them to work with fiat and cryptocurrencies at the same time.

The A2B tokens sold over the Token Sale will entitle investors to receive their share of the company’s profits similar to traditional shares, and the raised funds will be used for expansion of the company in Western European and American markets.

Depending on the amount of funds raised over the campaign, the company has rolled out several development strategies.

Thus, in case the Token Sale raises €500,000, A2B Direct will focus on hiring Ethereum and blockchain developers. If the company manages to raise €1,000,000, they will also launch a European office and adapt its services to European standards. Should the campaign raise €2,000,000, A2B Direct will open several offices in Europe while adapting its services for the specific needs of a particular country. Finally, if the company raises €3,000,000, they will launch an American office. In case the company fails to raise €500,000, the investors will receive their contributions back.

The company will be accepting investments in Bitcoin, Ether, and Dash, and will require that users register a personal wallet to run all financial operations during the campaign and later receive dividends for the company’s further operation and progress.

Minimum contribution amount is set at 10 USD for which one may buy 100 A2B tokens, with 30,000,000 tokens issued overall. This amount accounts for 30% of the company’s assets. The tokens will be pegged to USD in order to link the growth of its exchange rate to the expansion of the company. The token price will depend on the number of vehicles subscribed to the platform, therefore their price will directly reflect the platform’s activity. Owners of A2B tokens will be entitled to use them as soon as they are received.

In case the company sells 2 to 19 per cent of the issued tokens, the investors will be entitled to 6% of annual dividends as calculated from the amount of their tokens. If the company sells more than 20 per cent of the tokens, the investors will be receiving 10% of the profits annually. Additionally, A2B will award bonuses to token holders as of 2018.

Further details as to the project and the Token Sale model are available in the whitepaper.

Hello and welcome to News BTC’s Market Outlook July 13. BTC/USD Bitcoin initially fell against the US dollar, but found enough support just above the $2200 level to turn around and show signs of life again. If we can break above the $2400 level, it’s likely that we will reach towards the $2600 level. A … Continue reading BTC/USD and BTC/JPY Technical Analysis July 13, 2017

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A group of European financial institutions has jointly formed a post-trade blockchain startup designed specifically for SMEs.

Source

Revolut, the UK Fintech Startup, is adding bitcoin to its regiment of accepted currencies due to heavy customer demand. The company is touted as a global alternative banking platform, which provides customers with cards that can be used to purchase currency and products in multiple countries at the current exchange rate. 

Also read: Coinsource Bitcoin ATM Company Embraces Arizona

The company has a total of 700,000 customers and 400,000 of them live in Britain. They offer between-bank exchange rates, and no fees on international money transfers. Revolut allows their customers to hold up to 16 currencies within their account at once.

Addition of Bitcoin and Recent Fund Raising Round

Revolut said users will now be able to leverage the functionality of bitcoin within their application in the same way they handle other currencies. They mentioned more cryptocurrencies will be added in the future. A Reuters article elaborated

 Users will now be able to hold, exchange, spend and transfer bitcoin the same way they use other currencies. Rival cryptocurrencies Ether and Litecoin will soon be added.

Recent $66 Million Fund Raising Round and Expansion Plans

This news of adding bitcoin comes alongside a recent fundraising round. The company’s official press release just mentioned they finalized acceptance of $66 million in fundraising from some of the UK’s most premier investors.

The press release said, “We are incredibly excited to announce that we have finalised a new round of $66m investment from some of Europe’s most well-known investors including Index Ventures, Balderton Capital and Ribbit Capital.”

The startup said it plans on using the funds to expand internationally, “With the aim of establishing ourselves as the number one platform for consumers and businesses to manage their finances.” They plan to gain ground in Asia and North America first. They also plan on implementing new features on their app, including the addition of bitcoin, with the present funding.

Lastly, the company wants to greatly scale their team up. They are slated to hire more team members, developers, and support staff.

Revolut Wants to Bypass the Bureaucracy of Banks

When Reuters asked why the Founder and CEO of Revolut, Nikolay Storonsky, about Revolut, he said he wanted an app that “acted like a bank but has less bureaucracy.” He continued:

I just don’t like banks. They’re so bureaucratic, with so many managers not really doing anything … If you fired 80 percent of bankers, nothing would change.

Do you think Revolut will revolutionize app-based banking? Will they succeed in their expansion plans? Let us know in the comments section below.

Images courtesy of Shutterstock, PeasOnToast.co.uk, Airlinecrewdiscount.net, and bitcoin.com

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

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Part of being a human is wanting to leave a mark on the world. Within us lies the deep need to be remembered, in some form, after we die. We see it in the Cueva de las Manos – Cave of the Hands, where the inhabitants left the outlines of their hands painted on the walls as early as 13’000 years ago.

The popular online Bitcoin casino, BetKing will soon be back in business, with a new upgraded platform. The platform’s relaunch will follow an ICO campaign which will begin on August 7, 2017, and go on until September 4, 2017. The BetKing ICO will offer investors and patrons an opportunity to support the relaunch by purchasing BetKing Bankroll Tokens.

The new avatar of BetKing will integrate lots of new features including new casino titles and support for additional cryptocurrencies. Launched initially in April 2013, the previous version of BetKing had a successful three-year stint to become one of the most popular online casinos. However, not satisfied with the present offering, the platform issued profit payouts to all its members and suspended operations in December 2016 with an intention to relaunch the next year.

The soon to be launched updated version of BetKing will offer new, provably fair casino games like Blackjack and Roulette while supporting Ethereum and Litecoin. The new platform will also allow casino websites and app owners to integrate BitKing with their platform. Under the new model, BetKing will look after user accounts and bets, while casino and app owners concentrate on developing their own unique games and promos without worrying about bankroll funding or security issues.

Following the launch, BetKing will include sports betting, poker, other casino games and tournaments. The company will unveil its feature-rich beta platform next month, to give users a feel of what to expect from the upgraded BetKing. It will also provide full mobile app support for iOS and Android devices.

Why Join the ICO?

During its three years of operation, BetKing made a profit of almost 7400 BTCs from a single game (Dice game, which wasn’t added until 2014) with virtually zero marketing. With plenty of games, support for multiple cryptocurrencies and a strong community following, the platform is more than capable of recreating the magic, on a much bigger scale.

The casino platform is offering a total of 100,000,000 BetKing Bankroll Tokens, of which 70 million will be made available for purchase by participants, and the rest retained by the platform for bounty payouts, operational and marketing expenses and other team-related costs. Investors can buy the tokens with Bitcoin, Ethereum, Litecoin, and Dash. The received funds during the ICO will be held in cold storage.

BetKing will be utilizing at least 50% of the funds raised during the ICO for the house bankroll that players bet against and from which the winnings are paid for. The remaining funds will be used for marketing, promos, SEO, design, development, server costs and legal.

Profit Distribution

BetKing will utilize a percentage of profits made by bankrolled games to repurchase the tokens from holders. All profits made on bankrolled games (where a player plays against the house) will be audited and made available to token holders as it was done in the past with crowdfunded bankroll profits.

BetKing has early bird discounts in place to incentivize investor participation. Those investing during the first week stand to receive a 15% discount, 10% during the second week, and 5% during the third week. An extra 5% discount will be available for previous BetKing bankroll providers regardless of what week they buy.

Token Price

The total funds raised during the ICO will determine the price per BetKing Bankroll token. The platform will consider the total funds at the rate of exchange during the time of ICO's conclusion. E.g. If the company raised $1,000,000 then the price per token would be $0.014 (1,000,000/70,000,000).

The buy-back price offered by BetKing will be based on the current total profit. Eg. If the price of the token at the end of the crowdsale was $0.014 and the bankroll profit was $1,000,000 then the buyback price would be $0.024 (1,000,000/100,000,000 + 0.014).

Every quarter BetKing will offer to buy back up to 10% of a holder's tokens at the prevailing buyback price. Token holders may choose to sell the tokens to third parties or any exchanges that might list BetKing Bankroll Tokens if they require more liquidity.

ICO Terms

The crowdsale will start on August 7, 2017 (00:00 UTC) and end on September 4, 2017 (00:00 UTC). There is no cap on either the total or the minimum amount of funds that need to be raised for the crowdsale to be successful. BetKing Bankroll Tokens are intended to be used to invest in the BetKing’s bankroll only, and it will not imply a share in the company or offer any voting rights.

Learn more about BetKing here – http://betking.io/
Learn more about BetKing ICO at – http://betking.io/#ico
Company name: BetKing
Company site: http://betking.io
Company contacts: Dean Nolan
Email: [email protected]

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.

Key Highlights ETH price gained momentum from the $185 support against the US Dollar and moved higher. This week’s highlighted two bearish trend lines with resistances as $188 and $205 on the hourly chart of ETH/USD (data feed via SimpleFX) were cleared. The next major hurdle for ETH buyers is around the $226 level, which … Continue reading Ethereum Price Technical Analysis – ETH/USD Recovery Positive

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Bitcoin price could be due for a correction to the descending channel resistance before heading further south.

The post Bitcoin Price Technical Analysis for 07/13/2017 – Bearish Channel Forming? appeared first on NEWSBTC.

Key Highlights Dash price after a monster decline towards $150 versus the US Dollar found support and started a recovery. There was a break above a major bearish trend line with resistance at $178 on the hourly chart of DASH/USD (data feed from Poloniex). The price is currently trading just around a crucial resistance area … Continue reading Dash Price Technical Analysis – DASH/USD Facing Tough Challenge

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