Day: November 6, 2017

The price of bitcoin has slid below $7,000 just a day after climbing above the $7,600 level.

Ripio’s peer-to-peer lending platform uses smart contracts to reduce lender risk and increase lending in the developing world.

The game is afoot as far as the Tezos ICO is concerned. Over the past few weeks, we have seen multiple cracks in the facade of this project. Making things worse is the class-action lawsuit underway in California right now. It is evident the organizers of this project have a lot on their plate right now. Being one of the largest ICOs in history isn’t necessarily a title anyone wants to carry right now.

Tezos Class-action Lawsuit is Problematic

We have reported that the Tezos ICO has been under official investigation for quite some time now. These past three weeks have spelled disaster for this ICO, which raised US$232 million in a matter of days. Money alone has never been known to prevent people from bickering, though. An ongoing issue between the project’s founders and the individual running the Swiss Foundation has caused a lot of friction already.

To make matters worse, there is now an official class action lawsuit involving Tezos. It is only to be expected that some investors are growing concerned over how things are evolving as far as this project is concerned. The lawsuit itself claims the Tezos organizers defrauded participants and violated US securities laws. Given the recent SEC scrutiny involving ICOs as of late, the latter allegation may prove to be a big problem, to say the very least.

One of the main causes of concern is the fact that no tokens have been issued so far. The dispute with the Swiss Foundation’s operator has delayed the issuance of tokens far beyond what most people had expected. Right now, it seems likely these tokens will not be made available for trading until next January or even later. It’s a very tense situation that needs to be resolved sooner rather than later, although that is much easier said than done.

At the same time, the official Tezos ICO guidelines stipulate that users are not officially entitled to tokens in the first place. At the time, investors were warned that they might be making donations rather than an actual investment. If that is the outcome of this ICO, Tezos may go down as one of the largest “legitimate” scams in the history of ICOs. It is evident a lot of people ignored this warning and contributed money regardless.

It is certainly possible this lawsuit will not yield any substantial results whatsoever. The defense attorney is convinced this lawsuit is “without merit” and will be dismissed rather easily. Whether or not that is the case remains to be determined. Finding the guilty party in all of this will be a major problem, to say the very least. This difference in opinion between the creators and the foundation itself have created a hornet’s nest no one wants to get involved with right now.

This is yet another example of why ICOs are more of a risk than buying cryptocurrency outright. Unless tokens are distributed automatically – as most ICOs have done so far – there is no reason to contribute money to any of these projects to begin with. In the case of Tezos, the delays are already well beyond the acceptable limit, to say the very least.  A solution needs to be found first and foremost, and someone will have to pay for this unprofessional behavior. Only time will tell how this situation evolves.

Obesity has been, and continues to be one of the biggest health issues of our society, and the trend is only getting worse. According to a study made by Mc Kinsey, around half of the world’s population will be either overweight or obese by the year of 2030. It is also estimated that physical inactivity and obesity cause approximately 5.3 million deaths every year, worldwide.

Disclosure: This is a Sponsored Article

Reversing the trend whose impact is of $2 trillion annually is rather difficult, as there is no magic solution. Yet, the answer to solving this issue lies within ourselves, therefore Florio aims to make healthy living fun and incentivising to people throughout the world.

Research has often shown that competition is the main source of motivation when it comes down to getting exercise and having a healthier diet. Monetary incentives are bound to further increase motivation. With this in mind, Florio represents a health platform striving to motivate people to live healthier lives by having users challenge their friends. This way, a group of users is free to set a common goal, its duration alongside with how much money would be at stake.

During the duration of the health challenge, the app will provide users with health advice, sources of motivation and the ability to track fitness-related goals. At its end, the person who managed to achieve their objectives will win the sum of money put at stake.

Since Florio announced its presence on the market, it has managed to attract the interest of numerous athletes, including Garett McNamara who holds the world record for the largest wave surfed, Rachelle Chase, one of the world’s biggest fitness influencers, but also Olympic athletes, world champions and fitness gurus.

The Florio ecosystem is based on the Florio token (FLR), a digital currency that will serve as the challenge reward. Thanks to blockchain technology, the platform remains transparent for everyone, and keeps honesty at its core. The FLR tokens will be available for purchase during the token sale, yet once the preview app for iOS and Android is launched, 5 million FLR tokens will be given away for free. Out of the total number of tokens, 60% will be available during the sale, 12% will go to business development, 8% to the Florio ecosystem and 20% to investors, the founders and brand ambassadors.

To learn more about Florio and its potential to help over 3 billion people, feel free to read the whitepaper, and take a look at the website.

The post Giga Watt Partnership Boosts Crowd-Gaming Ecosystem appeared first on Bitcoin Magazine.

COMPANY NAME: STYRAS LTD

TOKEN SYMBOL: STY

Website ICO: http://styras.io/

Registration for ICO Pre-Sale: https://styras.io/presale.html

E-mail: [email protected]

Facebook: https://www.facebook.com/StyrasGlobal/

Twitter: https://twitter.com/styras_global

Whitepaper: http://styras.io/assets/styras_whitepaper_en.pdf

Styras arises from the necessity of staying connected, anywhere and everywhere we go. Was created to fulfill the neverending demand for better and more affordable Internet for All.

Styras is the first decentralized mobile app based on Ethereum blockchain technology, which offers: Internet connection anywhere on the planet. Using Smart Contacts, Styras customers maintain Internet connection oversees with low costs. Enables users to transfer Internet credit to friends and family around the globe.

Styras is consisting of 3 segments: Styras Wallet, Application and the router.

Styras Wallet: there are three separate wallets, for Styras, Bitcoin and Ethereum. All three are high encrypted and completely safe to use. You can buy Internet packages with Styras, Bitcoin and Ethereum.

Styras App: With the App you will have Internet access anywhere on the planet, without a router, only with your cellphone. Also if you buy Internet packages with Styras, you will get additional bonus of 15% more of Internet balances.

When you start the application, it will detect your location and mail it to our system.  Smart contracts are detecting where the closest Hotspots are available. While buying MB for navigation we receive your payment through the blockchain and after the first confirmation of the transaction, we will send a signal to our system to enable a particular Hotspot near you. Styras App receives the signal and will link you to those particular Hotspots which will be activated after the payment has been processed.

Styras will hire main HotSpot Internet services around the world, in main cities and countries. So you can stay connected everywhere!

Styras Router: It will allow you to connect up to 10 devices thru Wi-Fi. Supports Telephones, Notebooks, Tablets, Gaming Consoles.

The Router integrates a SIM CARD completely free of charge and aimed to receive Internet Signal. This way we are able to distribute the signal to devices like notebooks, tablets or gaming consoles.

It offers a secure internet connection and you can recharge internet packages with Styras, Bitcoin or Ethereum.

Token Sales Information

Maximum supply is 200 millions (Hard Cap) of Styras token (STY) and would be Available for purchase 180.000.000 STY. 180 millions of STYRAS token will be sold at the ICO, which equals 55800 ETH at current rates, with PRE ICO token Price of USD 0.077 and ICO Public Sale of USD 0.101. Exchange rate Pre ICO: 1 ETH = 4000 (STY) it includes the bonus of 33% and ICO Public Sale 1 ETH = 3000 (STY) – this may change with ETH exchange rates. The ICO Pre-Sale will start on November 21st, 2017 at 15:00:00 GMT (Greenwich Mean Time) and end on November 27th, 2017 at 23:59:59 GMT, then ICO Public Sale will start on November 28th, 2017 at 00:00:00 GMT and end on December 30th, 2017 at 23:59:59 GMT. Some of the numbers may change with ETH/USD exchange rates and volatility, but numbers are best eff ort estimates as of October 2017.

20.000.000 of STY, Reserved tokens by the company to incentivize community, beta testers, marketing and strategic partners.

Coin distribution: Contract will distribute coins/tokens instantly upon receiving ETH

Minimum goal: 840.000 STY

If minimum not met: Refunds will be issued via the smart contract

Unsold tokens during the ICO are burned.

Please include website and registration for Pre-Sale link

The post Styras arises from the necessity of staying connected, anywhere and everywhere we go appeared first on NEWSBTC.

Given the recent price surge, digital currencies have begun attracting a lot of attention from governments and financial institutions. Recently, Allianz Chief Economic Advisor Mohamed El-Erian made his own statement on Bitcoin.

Bitcoin seen as a commodity

According to El-Erian, while Bitcoin may have attracted a lot of interest from investors and the general public, it still lacks the stability required by a currency. In his statement, he noted:

A currency serves as a predictable store of value, and serves as a medium of exchange that’s pretty stable in value as well — bitcoin isn’t there yet, they’re still trying to find stability so it’s more of a commodity than it’s a currency.

This statement follows El-Erian’s comments about the digital currency last month, when he claimed that its price should be half of what it was then. However, Bitcoin has since surged from US$4,000 to over US$7,000.

Many believe that institutions and organizations are only warning against bitcoin as it’ll likely change up the financial industry in the years to come. Therefore, some organizations may be hard at work trying to figure out ways to either make bitcoin profitable for them or stop its adoption.

While El-Erian’s comments aren’t overtly negative, he did state:

My major concern over the long term is: Is the assumption in the pricing about adoption consistent with reality? That’s the issue that investors should ask if they’re holding bitcoins for a couple of months.

Regardless, Bitcoin recently received a big boost from the CME Group, the world’s biggest derivatives operator, after the company announced plans to launch bitcoin futures by the end of the year. This will bring more institutional investors to the world of cryptocurrency, leading to more investment and a possible value increase down the road.

Based on these points, what are your thoughts on the recent comments made by public figures on digital currencies? Let us know your thoughts.

MeeTip alias MTIP is a cryptocurrency that will be used into  OutMySphere in order to offer drinks to your soulmate or to your friends and tip the employee of your choice.

Findings and back on some features :

With an attractive turnover of 1674 billion per year for over 16 million establishments, the grandeur of the bars, cafes and restaurants market is well established. The market share represented by this type of establishment makes it a sector with more than dynamic economic activity.These establishments attract about 2.5 billion people each month.In support of these statistics, we can already identify the potential of MeeTipembedded into OutMySphere.

Crowd measuring presenting a challenge for Google ?

Available on Ios/Android (beta version), OutMySphere suggests viewing bars, restaurants, cafes, casinos, fitness gyms and other places around your location. The app provides information about how many people are in any establishment you consult. But it is a much more advanced system than the one we know from Google that just gives you an approximate attendance and no perceptible interactions.The application allows you to know the crowd in real time and to have access to basic information to promote meetings.You will be able to view the first name, the photo and the sentimental status thanks to the virtual bracelet of people around you.The application targets mainly bars, places conducive to meetings of all kinds andwhere the use of mobile applications tends to become a formality.

And what if the Drink functionality could sign Tinder death sentence ?

With the Drink functionality, the possibility to directly offer a drink to singles around you, or to your friends wherever they are in the world contribute to break with two major problems in social relations:The shyness of the first step : you can now use the app as an icebreaker.The distance with your friends at the other end of the world : you can now use the app to pay special attention to them

For this functionality, two cocktails have been specially imagined : you can either offer the cocktail of love or the friendship cocktail.

They will first be offered for payment in MeeTip before being joined by all other usual drinks of bars, cafes in support of the menu entered in the establishments owners customer area.

The invitation to have a drink -we especially think to singles- can of course be accepted or declined.

Could we see some Tinder’s match influence ?

In any case, it turns out that it is just as instantaneous, the exception of the boring discussion, and the much more spontaneous side in addition.

On top of that, with the planned decentralization of all the data thanks to the blockchain BigChainDB, OutMySphere will be the first proximity meetings mobile app to use the technology of the blockchain and not to store on a centralized server the personal and intimate information of the user such as his/her first name, sexual and religious orientation and many others.

Real satisfaction = a real tip.

The Tip functionality has been designed to tip the employee of your choice in the establishment you are located. By clicking on the desired place you will have access to the list of employees, not just the server you are most likely to deal with but also the bartender, or even the cook.

People will have a wider choice to express their satisfaction and will pay the desired amount thanks to their MeeTip wallet. There are neither intermediaries nor charges.

It makes sense that employees will be encouraged to use the app and will also be inclined to advertise to customers.

The combination of these functionalities using Meetip, according to the number of establishments and financial flows, seems to suggest MeeTip intends to become the standard cryptocurrency in this field (i.e bars, restaurants, cafes).

Keep in mind the app is also proposing the referencing of nightclubs, casinos, gyms … who knows, someday we will be able to pay our gym subscription in MeeTip ? Time will tell

In all cases, the app clearly establishes the decentralization of the order, payment and tip processes. It seems that the horizon gives us a glimpse of prosperous days, few, if any, competition is to be deplored.

About the ICO :

The PRE ICO will begin on the 3rd of November 2017 01:00 am GMT and will run for 7 days until the 10th of November 2017 01:00 am GMT.

Pre-ICO has an exclusive bonus rate of 900 MTIP per 1 ETH for the entire period with no minimum goal.

This pre sale aimed at raising funds to advertise and market the main ICO.

The main ICO will begin on the 17th of November 2017 01:00 am GMT and will run for 4 weeks until the 15th of December 2017 01:00 am GMT.

Bonus rates are offered for every period of the ICO.

For the contributor, participating during the ICO means he will receive the base rate of 1 ETH = 600 MTIP plus the current bonus in effect

The number of MeeTip coins is limited to 30.000.000 and no further coins could be created due to the strict laws of smart-contracts.

All coins sold within the pre-ICO and main ICO will be the only MeeTip ever in circulation. Once OutMySphere is complete and integrates MeeTip coins, the demand of MeeTip will increase as more people demand it as a form of payment for drinks and tip.

Instead of allocating MeeTip to the team during the ICO period, a buy-back program will be launching on the exchange.
This way, MeeTip will be purchased with BTC instead of being allocated free of charge to team members.
A total of 15% of all MTIP in circulation will be purchased back by our company during the first 24 hours on first exchange.
In consideration of this, the chances of MeeTip entering a bullish market once it hits an exchange are high. If the bullish trend sticks, the price of MeeTip should steadily increase.

Be the first to own MTIP and join this revolution about meetings and tips.

Website :

https://Meetip.io

The post MeeTip : the ICO in which to invest appeared first on NEWSBTC.

A national non-profit group for state medical boards is launching a new blockchain pilot focused on digital certifications.

With increasing demand for blockchain technology, more and more banks are employing blockchain-based systems meant to improve customer service and reduce costs. The State Bank of India, also known as the SBI, is the latest to join the race, as it will soon implement blockchain technology to manage Know Your Customer (KYC) protocols.

No compromise of user confidentiality

The platform, created in partnership with Primechain Technologies, will offer the bank an enterprise solution using smart contracts to self-manage KYC protocols. This will help the SBI make transactions more efficient, without needing to compromise either transaction security or the confidentiality of its users.

The SBI has been a fan of blockchain technology for a long time. It is a founding member of BankChain, which is a consortium run by the biggest Indian banks in collaboration with Primechain Technologies, a blockchain startup. So far, 27 entities from India and the Middle East have joined the organization, which researches and develops blockchain technology for banking purposes.

In a recent press statement made by the co-founder of Primechain, it was noted that:

The key benefits of blockchain technology for banks include greatly improved security, reduced infrastructure cost, greater transparency, auditability, and real-time automated settlement. 

Additionally, the head of innovation at the SBI stated:

The BankChain community welcomes Intel as the preferred technology advisor, to accelerate this innovation in India’s BFSI industry.

Reports indicate that the SBI is looking forward to collaborating with other banks in order to build blockchain platforms that will improve and make existing banking services more efficient.

FinCEN’s cryptocurrency practices are set to be reviewed by the U.S. Treasury Department’s inspector general.

November 6, 2017, Dublin, Ireland –  Anybits, a new altcoin exchange platform, has arrived — first premiering early last month at the Blockchain and Bitcoin conference in Kiev, Ukraine. The Ireland-based platform is now being introduced to the public, providing an online tool for users to freely trade between many different virtual cryptocurrencies and digital funds.

Disclosure: This is a Sponsored Article

The platform allows traders to buy and sell some of the most popularly demanded cryptocurrencies right now. This includes Bitcoin, Bitcoin Cash, Litecoin, Dash, Ethereum, and many more.

Anybits is Powered and managed by established and reputable crypto-to-fiat exchange, Bitsane.com. In addition, the Anybits aims to become the fastest growing altcoin exchange with plans of constantly growing their list of cryptocurrency options.

Registration is intuitive and simple, giving users the option to sign up via their PC or through their mobile devices via the exchange’s mobile app — helping users to quickly get set-up and ready to trade whenever and wherever.

Furthermore, deposits and withdrawals are instantaneous with lightning quick transaction speeds – as well as offering features that generally optimize convenience, accessibility, and, ease-of-use.

Other Products

In addition to the core features and benefits of the exchange, users can also enroll in an affiliate program that offers them up to 50% referral commission. When the platform fully launches it will also offer margin trading and portfolio diversifying investment options for more experienced traders and investors.

To properly secure users’ funds, Anybits uses cold storage to protect funds and transactions. Users can also set up additional security measures for their accounts.

Anybits extensive suite of comprehensive APIs also allows developers to seamlessly integrate their own cryptocurrency trading platforms.

Anybits offers free trading with no transaction fees till the end of Year 2017. To take advantage of this offer, use the following promotion code at the time of registration: H9F27D1V

Learn more about Anybits at – https://anybits.com  

ANYBITS is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. ROI cannot be guaranteed. Readers are urged to make investment decisions at their own discretion and the company will not be responsible for the outcome of such decisions. This press release may contain certain forward-looking statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations they are based on will occur.

There have been quite a few different security woes recently in the world of Bitcoin and cryptocurrency. Criminals always seem to come up with new ways to trick Bitcoin users into giving up account credentials or access to funding. Over in Australia, one such threat was identified earlier this week. Criminals figured out how to use a text message to hijack a mobile phone’s resources in order to mine cryptocurrency. It’s a very disturbing development that could have major consequences.

Using Mobile Phones to Mine Bitcoin?

Most people who have kept tabs on developments in the world of Bitcoin will know that traditional computers aren’t all that powerful. More specifically, the mining process associated with Bitcoin requires dedicated hardware, known as ASIC miners. While using a computer to mine is still possible, the profits generated from doing so are negligible at best. Using mobile phones for this specific purpose is a whole other story.

More specifically, a mobile phone is a pretty powerful device in its own regard. For a lot of consumers, mobile phones may effectively replace computers sooner or later. Consequently, mobile phone users have been prominent targets for criminals of all kinds. In particular, those looking into obtaining cryptocurrency will often go after mobile users, with varying degrees of success.

In Australia, cybercriminals are purposefully targeting mobile users in connection with a cryptocurrency scam. By sending a text message claiming the recipient has received 3 Bitcoins, users are asked to click on a link. Once they do so, their mobile phone will be infected with cryptocurrency mining malware. This results in overheating, battery drainage and general instability of the mobile device itself – not a fun situation for victims of this new attack vector, that much is certain.

There are two URLs linked to in the aforementioned text message, which was sent to thousands of Australians earlier this week. As it happens, both sites promote a pump-and-dump-style spam service. Users have had issues backing out of these sites altogether, which only leads to more frustration. Completing the signup process isn’t the best course of action either, as users will only get spammed beyond belief. This is a clever ploy to steal mobile phone resources in order to mine cryptocurrency, although it may not necessarily be the most profitable approach.

While it is true this method of mining Bitcoin isn’t necessarily lucrative, it is still free money to the criminals. They aren’t using their own mobile devices to complete this process, but rather hijacking resources from thousands of unsuspecting victims. It is a clever strategy, as a few thousand mobile devices mining at the same time may result in a decent income. Especially with the Bitcoin price rising virtually every day, this approach will only become more popular as time progresses.

There is a secondary purpose to this attack as well. Once people sign up for the service linked to in the text message, this personal information can be used for additional scams against specific victims. It is evident the Bitcoin mining threat will be the least of most people’s concerns, even though it can significantly shorten the lifespan of one’s device. Ignoring text messages containing links from unknown senders is always the best course of action.

For The Last quarter of this year up to the second quarter of 2018, Privatix, a well-renowned company providing VPN services released a plan for its first’ component from the forthcoming Privatix network, Privatix.Agent, to establish the marketplace of bandwidth transactions operated via  blockchain technology, making communications and transactions safer and decentralized.

Disclosure: This is a Sponsored Article

When it comes to virtual private network connections, contracts you can purchase are usually sold by monthly subscriptions at high prices; giving poor stability, without assurance that the company won’t keep log-registration or sell user data.  Compounding this, local bandwidth channel companies are pressured to sell overpriced, low-quality services. Alongside this, the average home internet user, only uses a fraction of time from their contracted bandwidth, making them pay for a service which they do not fully utilize. For example, a regular German internet user with 100 Mbps channel which is unused during the day as he’s working, the network ecosystem will allow the user to offer his idle bandwidth to a Chinese user who needs more allocation of internet channel during this time period.

Privatix wants to make this business model more efficient for VPN users, allowing them to safe browse anonymously by the Privatix network, coupled with internet businesses looking for higher quality tools and protection for their operations.

Those interested on finding out how to become part of the project, to chat with the community and learn more about the Privatix network. visit: https://privatix.io/. Users that are less orientated with technology should be aware of the quality of security when they access content by virtual network nodes. Privatix Agent network offers the solution, making APIs free from national laws that often block casual web-users’ navigation, as it secures the connection point-to-point; remaining anonymous and secured.

ROADMAP

Q4/2017 – Q2/2018: Privatix Network Core Development

Q4/2018: Additional Proof of Concept (PoC) products and Network

Q4/2019: Privatix Box

The goal of the long-term strategy for the coming years is to manage work through the blockchain, using PRIX tokens. The Privatix.Agent server works through Privatix’s own API (SAPI). More products are to be based on Privatix’s network, for example: Broadcasting products, collection of data in competitor’s website inside of high-quality ecosystems as well as delivering anti-censorship by creating SDKs eliminating the worry from developers in regards to country censorship for mobile APIs or software.

Privatix Box would be the physical block construction of the Network, as the community grows, a hardware device Privatix.Box connects users with an encrypted connection into unprotected Wi-Fi Hotspots providing safe connection over shared via-wifi.

Privatix ICO

The Token-Sale is a live auction by ERC20 ethereum contract, with 20% Bonus up to November 2nd. The ICO has already achieved 20% of the soft cap and the Token sale continues until November 16 at 14:00 UTC. The Total Issue of PRIX is 10,000,000, and the results of the pre-sale were 1610 ETH by early bidders. The Tokens are subjected to the exchange payments of bandwidth by the Privatix.Agent marketplace with transaction fees of up to 1% off the price of the transaction. Further negotiations outside Privatix marketplace will not result in a bandwidth transaction fee. Privatix ICO is rated STABLE + by the rating agency ICORATING.

About Privatrix

Privatix is an established and profitable company founded by a group of experienced IT entrepreneurs and talented developers who are passionate about the freedom of the internet, online security, and the rights of individuals and businesses to privacy protection. The Team has more than 10 years with cyber security experience, VPN services can be used by anyone, anywhere regardless of their level of technical experience.

Learn more about PRIVATRIX: https://privatix.io/

Read the PRIVATRIX Whitepaper: https://privatix.io/#whitepaper

Visit PRIVATRIX on bitcointalk: https://bitcointalk.org/index.php?topic=2254209

Learn more about PRIVATRIX’s ICO: https://privatix.io/#tokenSale

Follow PRIVATRIX on Twitter: https://twitter.com/Privatix1

Join PRIVATRIX on Facebook: https://www.facebook.com/Privatix.ltd/

Join PRIVATRIX on Telegram: https://t.me/Privatix

Read PRIVATRIX’s posts on Medium: https://medium.com/privatix

Media Contact:                 

Contact Name: Dmitriy Rubtsov

Contact Email: [email protected]

Location: Gibraltar