Day: November 6, 2017

Goldman Sachs analyst believes Bitcoin price will consolidate around $8,000 before pushing higher.

(Macao, 6 November 2017) TAEYANG, Korean superstar and one of BIGBANG’s members, hosted his World Tour WHITE NIGHT in MACAO on 21 October. ENT, a brand-new payment platform using cryptocurrency backed by Blockchain technology, is announced as a supporting partner to the TAEYANG 2017 World Tour WHITE NIGHT. It shows further recognition of ENT from mainstream entertainment enterprises after supporting G-Dragon’s concert in Europe. In the press conference, ENT announced the launch of ENT Cash, which will be a brand-new payment method to purchase concert tickets.

ENT is a world-class blockchain technology based cryptocurrency project in Korea. This project is initiated by Aimhigh Global (KOSDAQ：043580), a leading Korean listed entertainment company. Clara, popular actress and model in Korea, has already agreed to engage in the ENT ecosystem. It is expected that more world renowned celebrities will take part in the project as the ecosystem grows. Mr. Wang Xue, Chairman of Aimhigh Global, commented, “ENT Cash is well positioned to become a preferred payment method in the entertainment industry. The celebrity worshipping and its viral effect also facilitate the application of ENT.”

As a blockchain application, all the data in the ENT chain can be traced, which keeps all activities open and transparent. The cryptocurrency will first be applied to the sales of concert tickets and related merchandise. It will be subsequently integrated with smart contracts, credit systems and social networking platform. ENT will establish a full range of entertainment ecosystem, including a unified digital payment solution with ENT Cash, as well as a live-stream broadcast platform.

Capitalizing on Blockchain technology’s advantages of decentralization and distributed computing advantages, ENT can close the loophole of the existing currency and payment system, which will in turn create payment needs by tapping into the entertainment business.

Celebrities can issue their own ENT Cash that supports the sales of all entertainment related goods, such as concert tickets, music albums and celebrities’ performance fees. The Smart contract platform supports ENT Cash to l be used as an exclusive payment method for the celebrity’s commercial activities. The social networking platform, embedded with payments function, is transparent and trustworthy as it is traceable and decentralized.

As the technical support partner for ENT, INK will utilize Blockchain technology to maximize the advantages of ENT Cash by developing high quality features. ENT will also open its source code, so that more engineers can be involved in the development and maintenance of the code.

Hcash Foundation, the organization behind Australia’s first public blockchain project, also announced to provide technical support to ENT. Hcash has technical advantages and its digital currency project is a breakthrough in cryptocurrency technology, which also offers specific application scenarios. Hcash enabled integrated access to Alipay and WeChat pay in many shopping malls in Australia and facilitated loan management with digital assets such as collaterals.

ENT is seeking further collaboration opportunities across the global entertainment industry, including concert ticket payment clearing and settlement with Live Nation, the world’s leading concert production house. Live Nation organizes numerous superstars’ performances and concerts of with a huge fan base. It is also a key partner of renowned entertainment companies in Korea.

Following the continuous development of the entertainment industry, its growth prospects is promising. According to Live Nation’s Q2 2017 financial report, the company has already launched more than 7,000 live shows for 24 million music fans so far. The revenue of this sector increased by 34% y-o-y, and operating profit reached US$ 38 million. ENT will continue to work with Live Nation on its upcoming shows by developing an innovative payment solution.

About ENT

Korea’ s first world-class blockchain cryptocurrency project, was initiated by Aimhigh Global (KOSDAQ：043580). This is a public blockchain infrastructure connecting global entertainment activities, supported by over 10 superstars prior to its release. The entertainment industry creates rigid demand for digital payment. With unified digital payment solution (ENT Cash) and social network platform, ENT provides a step for global entertainment industry to enter the blockchain era.

The post The first world-class blockchain cryptocurrency application project in Korea ENT as supporting partner to the TAEYANG 2017 World Tour WHITE NIGHT appeared first on NEWSBTC.

Goldman Sachs analysts predicted that the price of bitcoin could surge as high as $8,000 in a note distributed to clients earlier this week.

Convincing government officials that Blockchain is useful could go a long way toward legitimizing the technology in general and digital currency in particular; new partnership is a step in the right direction.

The post NextBlock CEO Alex Tapscott Cancels Plans to Go Public and Will Return Money to Investors appeared first on Bitcoin Magazine.

BitZonk is an online, modern-day version of the popular game show Let’s Make a Deal. As the name implies, the game has been designed for Bitcoin users looking for a fun way to pass their time, with the added bonus that they can win more coins. With over 4.4 million Bits wagered and over 112,000 games already played since its inception in May 2017, BitZonk’s popularity will only continue to soar as cryptocurrencies become mainstream.

What makes this game so unique is that is has been created to be fair and transparent. As the game’s designers can attest, “It’s totally fair and we can prove this to you.”

Thanks to an unbreakable algorithm designed specifically for impartiality and honesty, players can see when they’re placing their bets that their results will always be fair. All they have to do is click the “verify ticket fairness” button on the homepage. The way the algorithm works is that prior to each game, a cryptographic random generator chooses two 512 bit numbers and encodes them as 128-character base16 strings. These strings remain hidden until the end of the game when the server reveals them and the player can verify that there was no interference with the outcome.

BitZonk users can register their account anonymously, can test the game with a free cash deposit and are in for a chance to win $540 worth of Bitcoin with no investment required.

To play the game is simple. Players choose their difficulty mode, then select which curtain they think the Bitcoin is behind. If it’s a Bitcoin then they have succeeded in multiplying their bet and are one step closer to a grand prize. If it’s the BitZonk cat, then it means the game is over and they have to start again.

The more active a player is on BitZonk, the higher their chances are of receiving awards in the form of bonuses and gifts from social competitions. There is also a very generous affiliation system, whereby if players invite other people to the game, they will earn gratuities in the form of money they can use in-game.

About BitZonk

BitZonk is a verifiable online Bitcoin gambling game that was created in May 2017. Being completely anonymous, it does not collect any personal data from players even if they connect to the site through their Facebook account.

For further information, please visit the company’s website: https://bitzonk.com/.

The post BitZonk is the New, Highly Addictive and Highly Rewarding Online Equivalent of Let’s Make a Deal appeared first on NEWSBTC.

The fundraising platform revolutionizing the crowdfunding space with the use of blockchain technology, KICKICO, is proud to host the Cryptospace Conference in Moscow in the high tech business area: the Skolkovo Innovation Center. The Cryptospace Conference will serve as the place for discussion for industry experts and innovators, politicians, media professionals, and many more. Over 1,500 participants from more than 30 countries are expected at the conference. The Cryptospace Conference consists of four sections with different topics, including the Blockchain technologies implementation, How to run a successful crowdsale, Crypto-trading and crypto-exchanges, and Press and media in blockchain. As well the event will include startups presentation part to the investors.

The Cryptospace Conference will be the place where journalists from the most prominent publications, such as Richard Kastelein, the Founder and Publisher of Blockchain News, journalists from Forbes, INC, Investing.com, Bitcoin Magazine, Bloomberg, and others representing the top media, will address the most important updates, issues and their thoughts surrounding the crypto space. The Cryptospace Conference will bring up exciting topics related to the crypto space, such as “How blockchain can serve governments?”, “Key points of the successful marketing strategy”, and “Top-10 tips for beginning cryptobloggers”.

The top speakers of the Cryptospace Conference include:

Eric Gu, the CEO and Founder of Viewfin and Metaverse. The latter is a decentralized blockchain platform dedicated to building a web of Smart Properties. Erice is also an early stage crypto and ICO investor.

Roel Wolfert, CEO of Qoin, a top-tier fintech executive in Europe holding an MA in Economics with over 20 years of experience in the financial sector. Roel is specialized in local currencies, however, he served as an advisor for multiple crypto startups, such as Bancor, KICKICO, and Micromoney.

Elina Sidorenko, Head of the Interdepartmental Commission of the State Duma of the Russian Federation on the cryptocurrency-related regulations and risks of the digital currencies. Elina is a representative of the Lower Chamber of the Russian Parliament.

Anti Danilevski, the CEO of KICKICO, representing the host of the conference. Anti, as a crowdfunding evangelist managed to lead KICKICO to raising over $25 million of funds for its organization in the course of two weeks along with the management of a community consisting of over 40,000 cryptocurrency enthusiasts.

Richard Kastelein, the Founder and Publisher of the cryptocurrency and blockchain-related news publication Blockchain News. Richard had been nominated as the ConnectedWorld TV Personality of the Year in 2011, in which he competed against participants including Facebook’s Mark Zuckerberg.

Bryant Nielson, the Executive Director of the NY Blockchain Academy, an organization offering online video based programs to industry experts in the blockchain niche.

Ashton Addison, Founder of EventChain.io and the host of the Crypto Coin Show, a blockchain evangelist holding a Business Degree and double major in Finance.

Peter Sin, the Co-Head of the Digital Currency Sub-Committee of Singapore Cryptocurrency and Blockchain Industry Association (ACCESS) and the Co-Founder of the Singapore Bitcoin Club.

Leon Pereira, Chief Commercial Officer of Adbank who co-founded the XRP Exchange, the world’s largest cryptocurrency exchange specialized in the exchange of Ripple. Leon, who has been known as the “Godfather of Ripple” has a powerful network of over 10,000 crypto-influencers.

Sergey Polikanov, Executive Director of the subsidiary of Russia’s largest bank, Sberbank CIB, who was in charge of finance and risk management in the Moscow City Hall between 2000 and 2001.

Ryan Hanley, Vice President of Business Development at Tokenmarket. Tokenmarket is one of the most authoritative ICO calendar and platform in the crypto space, which provides information on the upcoming and ongoing token sales.

Kristof van de Reck, the Regional Head in Europe of the NEM Foundation. Kristof is also a founding & council member of the NEM Foundation, which has the ninth largest market capitalization among all cryptocurrencies.

Ani Aslanyan, the member of the Expert Council for Development economy of the new technological generation at the committee on economic policy, industry, innovative development and entrepreneurship of the State Duma of the Russian Federation. Ani is a representative of the Lower Chamber of the Russian Parliament.

More speakers are being added to the conference website every day. Stay updated and read news on conference page: http://cryptospace.moscow

About KICKICO:

KICKICO —  A platform for ICOs, crowdfunding, and crowdinvesting projects. KICKICO was founded in 2015 and launched its first ICO in September 2017, raising a total of more than $25 million equivalent in cryptocurrency. Its first hosted project – the Magisters of Magic game – has managed to collect 280 ETH with a pre-set goal of 200 ETH. Gameflip and Storiqa also completed successful fundraising campaigns on KICKICO, ending on October 12 and 13, has also collected over 3,300 ETH and 1,209 ETH respectively.

More information on KICKICO: https://www.kickico.com/
Whitepaper: https://www.kickico.com/whitepaper
Telegram chat: https://t.me/kickico
Facebook: https://www.facebook.com/kickicoplatform/

The post Eastern Europe’s Largest Blockchain Conference to be Held in Moscow appeared first on NEWSBTC.

This year has been one of the more controversial years for Bitcoin thus far. We have already seen a number of important forks happen – SegWit, Bitcoin Cash and Bitcoin Gold, and we’re scheduled to witness some other forks soon – Bitcoin Cash doing a hard fork, SegWit2x looming ever closer, and we might even see some emergency PoW change hardfork in response to SegWit2x. Amidst all of that, many people are asking themselves, debating and fighting over an important question – “What is Bitcoin?” (that iconic question).

There have been a lot of discussions as to what Bitcoin and other cryptocurrencies may be able to achieve in the long run. This new form of money has a lot of potential, although that doesn’t mean it will replace fiat currency anytime soon. The latter category may not be around forever, though. Deutsche Bank’s Jim Reid, for one, firmly believes fiat currency will cease to exist soon.

Fiat Currency has Many Different Problems

Truth be told, it is almost a miracle that fiat currencies – which have seen very few changes over the past few decades – have been around for as long as they have. Indeed, the competition in the monetary ecosystem is heating up quite a bit. There are many substitutes for fiat currency these days, even though not all of them are officially recognized all over the world.

Jim Reid, a strategist with Deutsche Bank, seems to be aware of the problems affecting fiat currencies as we know them today. In his view, it is possible that fiat money will disappear very soon. The reasons for his somber outlook are not hard to find, first among them being increased inflation. New money is printed and brought into circulation far too often these days. Helicopter money, as this activity is known, simply isn’t sustainable over the course of multiple years.

Moreover, Reid points out that fiat currency is no longer backed by anything that has value. Until a few decades ago, every fiat currency bill or coin was backed by gold. Ever since that changed, fiat money has represented nothing more than an IOU by a government or central bank. This empty promise to adhere to the value of a given bill or coin has been widely accepted as a means of exchanging value, even though it really shouldn’t be.

Saving fiat currencies from their demise will not be easy by any means. There is no viable countermeasure to inflation, and the damage caused over the years can’t be undone either. Inflation is slowly spiraling out of control, and loose policies, overprinting of money and extensive leverage only make matters worse. When push comes to shove, the end of paper money and physical coins will occur a lot faster than people may anticipate.

Moreover, a financial collapse only seems to be a matter of time right now. While things may not get out of hand in any spectacular manner right away, it is all but inevitable that fiat currencies will disappear. Cryptocurrencies and digital assets are the likely choice to replace fiat as we know it. This includes central bank digital currencies, although new forms of money not controlled by the government or banks will eventually win over a lot of people.

How this situation will play out is anybody’s guess right now. It is certainly true the current monetary policies of banks and governments will need to change in order to save the system. Even so, it is always good as a consumer or corporation to show an interest in alternative financial solutions before things get out of hand. Cryptocurrencies may not necessarily be the answer to all our problems, but they make a very strong case for themselves.

The post Survey Polls American Awareness of Cryptocurrencies and ICOs appeared first on Bitcoin Magazine.

Guarda, the team of blockchain professionals, recently introduced their new wallet to the market. The wallet is known for its hyper-security of the private key which is not transferred from the application in any way and is safely stored inside the Android key storage.

Guarda added a new feature in their mobile application — the possibility to buy and store ethereum-based tokens. Within the wallet, it is easy to buy, transfer and see the owned tokens without app-hopping.

The tokens can be bought with any cryptocurrency and can be accessed within the app simultaneously.

The developers of Guarda got concerned with the convenience and simpleness of the user experience and decided to embed the processes of buying and storing the tokens in the wallet as well as sending them to a different wallet address. This way, the user will see all the tokens they own inside the Guarda wallet and will have the option to buy any new ones without leaving the app. Guarda seems to have genuinely brought the crypto-trade to the next level.

Whereas previously users had to take effort to find a trusted exchange, Guarda has a completely different approach. The team came to the point of development to make it simple for the user to buy and store the tokens for ETH and ETC in the wallet. All the tokens bought with the user’s wallet address will appear in the app consistently, so the customers can control their funds effectively. This quick and easy feature will save not only the customer’s time, but also the money.

“Tokens are an important part of the Ethereum blockchain infrastructure. For this reason, we have implemented a complete set of in-app tools for token operations.”, — Ondrej Horaček, Product Manager at Guarda.

The post Access Your Tokens in the Application. Guarda Announces the New Feature appeared first on NEWSBTC.