Day: November 29, 2017

Reuters

Pound up as Britain coughs up, Bitcoin rockets Reuters That paled in comparison to bitcoin which flew to $10,200 BTC=BTSP on BitStamp, a major trading platform based in Luxembourg. The latest surge brought its gains for the year so far to over 950 percent, leaving more than a few observers baffled. and more »

Cryptocurrency mining is not as lucrative as it used to be. It is mainly due to the increasing difficulty levels and the need for dedicated, more powerful hardware. Having realized that, miners are moving away from individual mining (self-mining) and shared coming together to pool their resources to mine on a large-scale basis. The profitability of such an operation is much higher than that of self-mining.

Back in 2013, one could make decent profits through self-mining, but over time, the number of miners has steadily increased. Over that, many big firms in China have set up huge data centers for this purpose alone, driving the mining difficulty to new levels.

But all is not lost, there is still ways to making cryptocurrency mining better and Veritas is on it right now. The cryptocurrency project offers a greater advantage over conventional mining due to its low electricity and operational costs. Generally, crypto-mining requires a lot of energy since the process intensive hardware consume a lot of energy, not to mention the associated cooling requirements. One of the sure shot ways of making crypto-mining more profitable is by reducing the input costs – electricity and operational costs.

Veritas has identified inexpensive ways of deriving electricity, at a cost of around US$0.035 per kWh. The energy is drawn from eco-friendly, renewable sources of energy.

Veritas Mining Token Sale

Veritas Mining tokens are called Veritium (VRTM) which are Ethereum ERC20 tokens. During the sale a total of 135 million VRTM tokens will be supplied. The price of 1 VRTM = 0.001 ETH. The presale took place from 28^th October, with a cap of 5 million tokens. During the presale, a total of 4,697, 826 VRTM were sold, raising an equivalent of $720,000. The crowdsale began on November 24^th with a minimum sale amount of 0.25 ETH.

For any 100 tokens sold, 18 additional tokens will be created and distributed among the team, partners, advisors and bounties. Any VRTM tokens that will not be sold during the period of the sale will be burnt and no further VRTM tokens will be mined in the future.

Why be a VRTM Token Holder?

Veritas offers its token holders quarterly dividends in Ethereum for as long as they hold their tokens. The token holders are expected to breakeven in 6 months after obtaining their tokens. Veritas has arranged an ecosystem with various sources of revenue and also plans for a future integration into more traditional financial fiat markets. The ultimate goal of Veritas is fungibility. This means that they intend to make demand and value for and in their token. Token holders will be able to use the tokens as pledge and collateral if need be. They will also be trade worthy in terms with fiat or cryptocurrency markets.

More information about the Veritas platform and crowdsale is available at – http://veritasmining.co/

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While there’s plenty of evidence that ICOs are alive and well, attitudes from investors and entrepreneurs appear to be hardening.

Today, the Android app market is one of the biggest industry segments that is undergoing expansion every day. The mobile app stores, currently dominated by Google Play act as the access portal to the global market. However, China is the only exception in this case, where various alternative platforms like Baidu Mobile Assistant, 360 Mobile Assistant, My App etc. have a strong foothold.

DAO PlayMarket 2.0

Even though there are a handful of popular app stores, they all have one major drawback – they don’t support cryptocurrencies. DAO PlayMarket 2.0 is going to solve this problem for millions of mobile phone users by encouraging them to deviate from centralized architecture to a completely decentralized platform. On DAO PlayMarket 2.0, Android mobile phone users will be able to pay for apps and in-app products and services with cryptocurrencies.

The DAO PlayMarket 2.0 platform will host its own built-in crypto-exchange called PEX. It also comes with the capability to exchange the platform tokens to other cryptocurrencies. And then there is additional security as well, which can be attributed to the decentralized nature of the exchange, making it resistant to hacking attempts.

Aim of DAO PlayMarket 2.0

The objectives and goals of the DAO PlayMarket 2.0 are to create a sustainable economic model for users, investors, and developers through the voting and development of a single tokenization standard for mobile app market. This platform will provide a smooth and censorship-resistant access to apps with the smart contract system assuring secure purchase.

Features of DAO PlayMarket 2.0 Platform

• The platform is resistant to censorship
• The platform has an integrated decentralized cryptocurrency exchange
• Developers have the opportunity of promoting their apps
• All apps are scanned for virus with automatic mode
• The platform accepts payment using cryptocurrency

DAO PlayMarket 2.0 Modules

The DAO PlayMarket has the following modules:

• A data storage system
• A mobile app
• A crowdinvesting (ICO) platform
• A cryptocurrency exchange
• Smart contracts
• Backend server (node)
• A website.

Benefits of the platform for Users

As a user, one can

• Pay for purchases for cryptocurrency
• Invest in app development while earning dividend income from it
• Get smooth and secure access to a censorship-resistant and decentralized platform

Benefits of the platform for Developers

• No bureaucracy
• Ability to support cryptocurrencies
• Lower platform commission of 1% unlike Google Play, which is 30%
• The platform provides simple and effective tools for promoting apps through a user-friendly feedback system.

The positive outlook for mobile app market combined with the new-age blockchain technology makes DAO PlayMarket 2.0 a formidable contender to its conventional, centralized counterparts. Being part of the ecosystem and holding the platform’s native tokens can potentially offer a huge return on investment in the long run.

ICO DAO PlayMarket 2.0 launched on November 8. At the moment the crowdsale has entered the third phase of token sales. During the first two stages, the platform has already raised 2,447,517 USD investments.

In early December, the DAO PlayMarket 2.0 platform will launch the first application which will make its own token shares available for purchase. This is an online slot machine — Crypto Slots, developed on the basis of smart contracts. Thanks to the blockchain-technology and the built-in exchanger, the machine provides an opportunity for fair play with a wide variety of cryptocurrencies. Dividends from Crypto Slots will be received on your wallet in the form of aether.

Investors in DAO PlayMarket 2.0 automatically become owners of CST tokens and will receive their token-shares in early December.

More information about the platform, tokens and investment options is available at https://ico.playmarket.io/

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November 28, Santa Monica, CA. – DMarket, the world’s first blockchain-based cross-game marketplace to turn virtual items into real assets, is pleased to announce a new partnership with Playkey ICO, the first decentralized сloud P2P and blockchain gaming platform with an ecosystem that enables gamers to launch and play AAA video games on low-end PCs and MacOS devices.

According to the partnership agreement,  DMarket and Playkey will cooperate on big data analysis and depersonalized stats sharing. This will allow DMarket to gain more insights into gamer performance and behavior while trading/exchanging in-game items. Playkey will get a better understanding of what devices and platforms users prefer to use for gaming, how much time they spend on them and more. The parties also agreed on cross-promotion of both projects to increase brands’ awareness among game publishers and developers.

As per Playkey stats, 80% of its users play MMO games and this entire audience could start using DMarket for convenient, one-click in-game items trading. In turn, DMarket users will be introduced to Playkey as a new great way to play hardcore video games on low-end PCs, which is an obvious win-win.

“The partnership will increase the audience for both services. We see it as a truly unique case in the gaming industry when two blockchain platforms join forces and consolidate efforts to create added value for all gamers,” said Volodymyr Panchenko, CEO and Founder of DMarket.

“Playkey enables more gamers to have access to their favorite top-notch titles with the help of cloud gaming that makes users` hardware and system configuration completely irrelevant. DMarket creates one more attractive feature for true gamers and offers another opportunity to enjoy the game. It’s great to move in the same direction, creating a better digital world for video gamers all over the world,” Egor Gurjev, CEO and co-founder of Playkey commented.

Speaking about the future prospects of partnership, Panchenko and Gurjev said they are planning to integrate DMarket’s in-game items trading with Playkey platform. On the other side, DMarket plans to add a “content lab” for every trader where users will be able to choose and play an online game while creating content for future exchange. This will be enabled right on the DMarket platform thanks to decentralized cloud gaming technology provided by Playkey.

Currently, both DMarket and Playkey are holding final token crowdsales that will run through the end of November.

To date, DMarket has raised over $17 million. Playkey has already attracted over $6 million.

About Playkey:

Playkey is a cloud gaming platform featuring technology that enables gamers to launch and play AAA games on low-end PCs and MacOS devices. Playkey.net’s current product is based around its powerful GPU servers located in Amsterdam, London, Frankfurt, and Moscow.

For more information visit Playkey ICO at https://playkey.io

About DMarket:

DMarket is the world’s first cross-game platform based on blockchain and smart contracts that enables one-click sale, exchange, or evaluation of any virtual item from any game on any platform. DMarket Token will be the only virtual currency used within the platform,  providing different options for trading items, exchanges, and smart contracts.  DMarket presented the Alpha/DEMO version of its future marketplace and blockchain testnet in October 2017.

For more information visit DMarket at dmarket.io.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

29 November 2017, Zug Switzerland trade.io is delighted to announce that it is funding two post-doctoral seats at the University of Nicosia to focus on advanced research in Distributed Ledger Technology (DLT).  Specifically, trade.io will be supporting post-doctoral research at the University of Nicosia in the areas of 1) Distributed Ledger Technology, with a specific focus on side-chains and cross-chain interoperability, and 2) smart token corporate governance best practices and implementation.

With this important initiative, trade.io demonstrates its commitment to improving the state-of-the-art in the DLT field by supporting high caliber academic staff to pursue topics that will improve the functionality, interoperability, and  governance of blockchain technologies.

trade.io CEO, Jim Preissler said of the agreement, “Without a doubt, this is a major development for us, in that it provides trade.io with access to some of the brightest and most innovative minds in blockchain and digital currency.  The University of Nicosia has embraced blockchain technology since 2013, being the first to accept bitcoin for tuition and to publish academic certificates on the blockchain”. Preissler continued: “They were also the first university in the world to offer coursework and an accredited academic degree program in this field (MSc in Digital Currency) and are considered a global leader in academia in this area.”

Antonis Polemitis, CEO of University of Nicosia, remarked on the collaboration, “We very much welcome and commend trade.io’s willingness to fund and support technical research in some of the most interesting (and difficult) topics in Distributed Ledger Technology.  We are deeply interested in further research and development in these areas that will benefit the whole community and field at large.  Given the rapid growth of value being transacted globally on blockchains, it is critical that firms in this field contribute, both financially and technically, to basic academic research in the technologies that underpin this new field.”

The call for post-doctoral researchers under this program will be open on December 4th at:

www.digitalcurrency.unic.ac.cy

trade.io is building a blockchain-based trading platform for cryptocurrency and traditional financial assets.   More information about trade.io can be found at: www.trade.io

The University of Nicosia (UNIC) is one of the leading comprehensive universities in southern Europe with over 12,000 students.  More information about the University of Nicosia can be found at: www.unic.ac.cy

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BlockShow Asia continues as Achain explains how Blockchain technology may evolve in the future through forking theory.

BlockShow Asia has opened with a bang, as the team of EOS announced a new testing platform called STAT (Single-Thread Application Testnet).

Key Points

• Bitcoin gold price has started a downside move and traded below the $350 support against the US Dollar.
• This are two bearish trend lines forming with resistance at $330 and $335 on the hourly chart of BTG/USD (data feed from Bitfinex).
• The price might continue to move down and it could even test the $280 support area in the near term.

Bitcoin gold price is under pressure below $350 against the US Dollar. BTG/USD might extend declines and poised to test the $300-280 support area.

Bitcoin Gold Price Resistance

After a decent upside move, bitcoin gold price faced sellers near $390-400 against the US Dollar. The price started a downside move and traded below the $350 and $340 support levels. It even traded as low as $303.76 from where a correction was initiated. The price is currently correcting higher towards $330. An initial resistance is around the 23.6% Fib retracement level of the last decline from the $392 high to $303 low.

Moreover, there are two bearish trend lines forming with resistance at $330 and $335 on the hourly chart of BTG/USD. The first trend line is near $330 and it already acted as a barrier once. The second trend line is near the 38.2% Fib retracement level of the last decline from the $392 high to $303 low. Any upsides near $330-335 are likely to face sellers in the near term. Only close above $350 and the 100 hourly simple moving average might negate the current bearish trend.

On the downside, a break below the $303 would open the doors for a test of $280. Any further declines should be limited by a major support at $250.

Looking at the technical indicators:

Hourly MACD – The MACD for BTG/USD is currently in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is currently well below the 50 level.

Major Support Level – $300

Major Resistance Level – $335

 

Charts courtesy – Trading View, Bitfinex

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