Day: November 6, 2017

Ethereum classic rose to eight-week high today, thanks in part to keen trading on South Korean exchanges.

Panama-based Prime-Ex Perpetual reports that their minimum raise goals are almost secure as their pre-sale winds down. “We’re sitting approximately 60,000 tokens away from our minimum raise goals this morning, and we expect to achieve our baseline objectives sometime today,” reports John Gilbert, CEO of Prime-Ex Perpetual. “We have through the 8th of November for our pre-sale, so those interested in buying PEX-Tokens should take advantage of this last chance to buy our tokens at a discount.”

Once their minimum raise goals are achieved Prime-Ex Perpetual says implementation of their residential real estate ecosystem and breaking ground on their first houses will begin immediateily. “First things first”, reports Gilbert. “We finish out strong with a great ICO, we get our PEX-Tokens distributed timely to our PEX-Token holders, and then we start putting flesh on the bones of our ecosystem. We’re thrilled to see our minimum goals within reach.”

Prime-Ex Perpetual will market their residential real estate to expats around the world who have traditionally had a hard time getting financed abroad though they enjoy the highest discretionary income of any group in the world. Prime-Ex Perpetual is creating a branded real estate ecosystem where expats can realize expectations of quality, value, and life experiences throughout the top expat destinations in the world.

Prime-Ex Perpetual’s real estate ecosystem has been tokenized, meaning that homebuyers will be incented to pay their mortgage payments in PEX-Tokens that they have to purchase from existing PEX-Token holders. Once 2,000 houses are sold inside of their worldwide ecosystem monthly token demand for PEX-Tokens will exceed each month the total supply of tokens that will ever be on the market. This organic demand inside of their own branded ecosystem makes Prime-Ex Perpetual a trailblazer in residential real estate, taking what’s good about REITs and creating a whole new asset class of value.

Prime-Ex Perpetual completes their pre-sale of PEX-Tokens on November 8th, while their ICO begins in earnest on November 15th and runs through the 30th. Gilbert reports that the marketing of homes begins in December. “We start are house marketing in December. If you think that Prime-Ex Perpetual has created buzz so far, just wait until token holders start receiving dividends. We can see the finish line and we’re ready to break out.”

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Monero users have been waiting for a proper and dedicated Android wallet for quite some time now. Monerujo is definitely a project worth paying attention to in this regard. Especially now that the developer has unveiled a new layout, the whole app looks a lot more professional. It will also bring some much-needed features to the Monero ecosystem. Mobile cryptocurrency storage solutions are in high demand these days.

Monerujo Brings XMR to Android Devices

For most major cryptocurrencies, it is only normal to have at least one mobile wallet. In the Monero ecosystem, this situation is somewhat different. That’s mainly because every wallet must be built from scratch, as the underlying codebase is far more complex than – and perhaps even superior to – any other cryptocurrency tackling privacy and anonymity.

That being said, the updated Monerujo design is a good reason to get very excited about the future of Monero on the Android ecosystem. This wallet looks and feels quite professional and offers a lot of features under the hood as well. First of all, there is support for multiple wallets. While this is a pretty common feature in most cryptocurrency wallets, it had to be tackled from a different angle with Monero.

Secondly, Monerujo provides QR scanning functionality for sending and receiving XMR transactions. This is a feature we have seen in virtually every Bitcoin wallet to date. In a way, QR code scanning has become synonymous with making mobile cryptocurrency transactions. It was a must-have for Monerujo as well, as it’s a big step forward in making XMR more convenient to use.

As one has come to expect, the Monerujo source code is completely open source and can be looked at by anyone in the world. Users are also able to make slight modifications or make suggestions to the developers. It is good to finally see a proper Android wallet, as this project has been under development for quite some time. It is another major milestone for the Monero ecosystem; that is evident.

Considering that Android wallets can be used on any device which supports this operating system, it will be interesting to see how XMR enthusiasts will make use of Monerujo. Using it on a phone is one thing, but it should also work fine on tablets and even Android TV as well. It is a good solution to rely on until Ledger finalizes its XMR integration, which shouldn’t take much longer.

A lot of long-term developments in the Monero ecosystem are being finalized as we speak. There is still a lot of work to be done, but things are looking solid for the time being. Even though Monerujo has been available on the Google Play store for some time now, this latest update certainly introduces a lot of improvements. It’s a nice effort by one of the many XMR community members out there. It will be interesting to see what other updates we can expect moving forward.

The lead cryptocurrency researcher at the People’s Bank of China has said it is “crucial” to issue digital legal tender as soon as possible.

6th November, 2017, Australia –  It’s heating up down under, as Australian-based tech startup Skrilla look to bring the benefits of Blockchain to the world of eSports Daily Fantasy. Combining excellence in the industry between two established players, Puntaa and the GAMURS Group, Skrilla seek to develop beyond the release of their live Daily Fantasy Esports Platform, bringing a range of benefits to their community through tokenisation. Platform users can already throw themselves fully into the world of eSports; whether it be watching tournaments live, building fantasy rosters, or competing for prizes on the platform.

Disclosure: This is a Sponsored Article

The Backdrop

This all-encompassing vision from Skrilla comes off the back of the rapidly expanding growth within the eSports industry. 40% year-on-year growth was experienced in 2016 within the eSports spectatorship segment and future proofing this growth became more viable in 2017, the first year in which the majority of 18-35 year-olds show strong preference to an eSports team, over a traditional sports team. Additionally, $23bn in betting turnover is expected to arise by 2020. Skrilla saw this opportunity along with the huge increase in interest in the application of Blockchain technologies, which solve a number of community challenges, and have moved.

What is Skrilla?

Skrilla’s ability to execute and foresight comes down to its’ composition. With deep roots in the gaming and wagering industries, Skrilla is a collaboration betweenPuntaa and the GAMURS Group, who have worked on innovative and ground-breaking projects within the gaming industry over the past 3 years. Puntaa provide expertise with the wagering side of the business, having created the world’s first licensed P2P social betting platform. Puntaa recently also secured additional funding, generating investment from Altor Capital and the co-founders of Unlockd.

Handling the eSports domain experitse, content and distribution is the GAMURS Group, who run eSports platform Dot Esports, amongst their 12 esports brands. The platform offers a high-quality round-the-globe coverage service for all major eSports events, and will soon be the largest hub for eSports data globally. With its’ solid grounding in both essential parts of an eSports Daily Fantasy platform, Skrilla looks set to integrate tokens for the benefit of their community, to further build upon their engaging, and entertaining platform.

The Platform

The core of the Skrilla platform consists of the Daily Fantasy Esports, which will revolutionize the way that eSports fans watch and engage with their favourite events. Social-based competitions, where participants compete against other fans to win will see members paying an entry fee to participate in daily contests. The Daily Fantasy Esports world will cover front-page titles such as CS:GO, League of Legends, and DOTA2, among others.

Members pick a roster of their favoured professional players, who they think will amass the maximum amount of points. A budget is assigned for the team, with different players costing varying amounts. It is up to the player to use their in-game and metagame knowledge to make an informed decision on the best roster composition, whilst adhering to the price cap. As matches play their course in real-time, pro players will gain points depending on their performance. Once the set list of games concludes, participants on the platform gain access to the prize pool, if their roster has performed exceptionally. This will add another dimension to the eSports experience, as getting that crucial clutch frag will mean much more than an appreciation for the immense skill required. It could also mean a big payout.

ERC20 SKR Token

Powering the Skrilla ecosystem will be the Skrilla Token (SKR). This ERC20 token will be the native currency and mode of transfer within the current Skrilla platform. Initially, SKR tokens will be deployed alongside traditional currencies, to ensure the building of value through usage of the tokens, and providing utility for early backers in the ICO. At the same time, Skrilla are transitioning the platform to a decentralised and licensed, P2P platform, phasing out Fiat currencies entirely. At this point, SKR tokens will be the sole method of value transfer within the Skrilla ecosystem. Additionally, SKR tokens may be implemented within the previously-mentioned GAMURS Group ecosystem, which pulls in 3.5m monthly active members.

Skrilla Token Sale

To fund the ongoing development of Skrilla’s live platform and international expansion, SKR tokens are available to purchase through a token sale. This will allow early contributors unprecedented access to the ERC20, Ethereum-based SKR tokens, at a discount rate. The token sale runs from November 6th to November 20th 2017, with a total cap of 150,000 ETH. Exchange rates in the token sale range from 2400SKR/1ETH, to 2000SKR/1ETH. SKR tokens will be available to trade on reputable exchanges 14 days from the completion of the sale.

Given their established market position, and strong composition, Skrilla will launch their platform in the US in Q1 of 2018. To find out more, visit the Skrilla website below. You can also find a host of useful links, to stay in the loop.

Visit the Token Sale Website: https://tokensale.skrilla.com
View the Whitepaper: https://tokensale.skrilla.com/skr-token-whitepaper-v0.6.pdf
Skrilla Video Overview: https://www.youtube.com/watch?v=PHP3ILxmMxM
Get Involved on Telegram: https://t.me/SkrillaTokenSale
Chat on Discord: https://discordapp.com/invite/F77VmjV
Follow on Twitter: https://twitter.com/playskrill
Read the Blog: https://medium.com/@skrilla
Like on Facebook: https://www.facebook.com/skrillaesports

Media Contact
Contact Name: Damon Oudejans
Email: [email protected]
Location: Brisbane, Australia

Skrilla 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

Jameson Lopp, of BitGo places Bitcoin as the 32nd global currency in terms of value in circulation.

As SegWit2x looms, one of its biggest public naysayers gives his final thoughts in a community appeal.

Recently, Saudi Prince Alwaleed bin Talal said that Bitcoin is “Enron in the making.” In doing so, he added himself to the long list of traditionally wealthy people to have disparaged Bitcoin over the years. Let’s take a look at what he said and see if there is any value to this latest condescending statement on Bitcoin and other cryptocurrencies.

The Short Answer is “No”

I have always said that just because you don’t understand something does not mean it is a scam. In fact, I encourage everyone who comes across something they do not understand to actually do a critical investigation of this new thing in their lives.

This Saudi prince’s remarks are only indicative of his poor understanding and, thus, willful ignorance. One of his greatest grievances is that he feels cryptocurrencies are not regulated and therefore risky. While it is true that cryptocurrencies are not nearly as extensively regulated as other aspects of the financial industry, to suggest that the traditional markets are no more risky is disingenuous. Fortunes have been made and lost in traditional markets which are very well regulated. Then again, I suppose we can’t all inherit our wealth.

Another area to consider when the prince mentions regulation is criminal or fraudulent activity. I would argue that regulation has done nothing to discourage things like market manipulation, fraud, and financial shenanigans. His comparison to Enron is particularly weak since Enron was operating under the financial regulations of the United States government and was still able to commit crimes.

Further, comparing a decentralized cryptocurrency to a business hierarchy is indicative of how poorly the prince understands cryptocurrency. While Bitcoin and other cryptos are not perfect and do tend to border on centralization – at least during some parts of their existence – they are nowhere near as centralized as corporations.

It’s a feature, not a bug

Perhaps the most annoying aspect of the prince’s statement is that he warns that Bitcoin is not controlled by a central bank or the United States Federal Reserve. Upon reading this part of his statement, I found myself muttering under my breath, “It’s a feature, not a bug.”

I realize I am preaching to the choir on this one, but we all know that independence from the Federal Reserve Bank and all other banking institutions is one of the most attractive things about cryptocurrency.

Bitcoin is in a strange stage of its life, where more people are hearing about it, but fewer people seem to understand it. I do not think this will last forever, and it is up to all of us in the crypto community to be open to newcomers who have questions while addressing the shortcomings of some individuals’ understandings.

We have to remember that while all this may come second nature to us, to many it is an entirely alien concept. All we can do is share our knowledge with others in a respectful manner. Rest assured that they can make up their own minds. It is just tragic to see influential individuals get so much coverage in bashing Bitcoin.

Following yet another record high at the weekend, bitcoin is trading on the back foot today.

Bitcoin price recent rally at the expense of altcoins helped support the overall $200 bln crypto market cap.

With Bitcoin’s Segwit2x fork looming next week it pays to know what the top exchanges are going to do about it. Some are in full support and some are not so welcoming of the new protocol change which will effectively double the block size from 1Mb to 2Mb.

There is essentially a battle raging between the miners and developers of the Bitcoin community. The majority of miners are for it at the moment, their adoption of the new software upgrade after block 494,784, or around November 16, is crucial to its overall success. The decisions made by exchanges will affect all of the end users and investors so analyzing their official statements would be a smart move.

One of the most popular exchanges, Coinbase, has stated that they will fully support the fork and the new version of Bitcoin. The exchange stated that there would be a split into two versions of Bitcoin and currency held on the exchange at the time of the fork will result in the account being credited with the equivalent amount of ‘Bitcoin2x’. It will support trading in both versions of the blockchain but will disable transactions 24 hours before the fork.

Bittrex had yet to make an official statement on their announcement page but they have generally been supportive of previous forks so it is likely that this will continue.

Support at Bitfinex has been very strong, they have even allowed their users to trade futures for the new BT2 coin. The have a lengthy terms and conditions page explaining how the exchange will handle the split: https://www.bitfinex.com/legal/cst/segwit2x

The announcement from Binance was rather vague but did indicate that they would be supporting the hard fork also. “If the hardfork happens, Binance would like to support any meaningful forks. We will decide the coin listing depending on the situation, our priority is to protect our customers funds.”

Cex.io will also be enabling trading in two versions of Bitcoin after the fork and have added the following pairs;  B2X/BTC, B2X/USD, B2X/EUR and B2X/GBP. Gdax has a very similar policy to Coinbase and will credit users with Bitcoin and equal amount of B2X.

No statement has been made from Bitstamp but considering that they did not support the Bitcoin Cash fork it remains to be seen which version they will be running after Segwit2x.

Kraken have also yet to release an official standpoint on the hard fork but they did eventually accept Bitcoin Cash so may well do so with B2X.

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