Day: December 20, 2017

The inability to transfer winnings into fiat money remains the main problem of game-industry. According to statistics, less than 3% of users manage to monetize their achievements. Sometimes illegally, sometimes affected by fraud. But today we can already talk about the revolution in the intellectual game industry. With the launch of decentralized gaming PvP platform IQeon gamers have the opportunity to earn on their gaming achievements, withdraw wins and dispose them as they want.

What makes IQeon considered to be a breakthrough project with a huge potential? The world market of mobile intellectual games is $ 4.9 billion. It is characterized by a constant increase in the audience. Logical games, according to the results of the survey held by SurveyMonkey Intelligence, occupy a leading position in terms of time spent by users in the game. According to the number of downloads and the number of active users, intellectual games occupy the third place. The huge popularity of intelligent games and the huge number of users who need the ability to withdraw and use the money earned in games are vivid.

IQeon platform was created to offer the users:

• safe and effective monetization of gaming achievements;
• possibility to organize competitions with confederates;
• opportunity to buy game items for winnings;
• earn IQN tokens and transfer them into real money.

Thanks to the API function, an honest selection of the winner as well as transfer of money to his account are guaranteed.

IQN tokens earned in one game can be used in any other game in the ecosystem. Thus, the user won’t lose the earned money while changing the game!

IQN token will be released on the basis of Ethereum. It will be compatible with third-party services. After the launch of the platform it will be possible to buy and sell IQN token on crypto-exchanges.

The price of the IQN token will grow with the increase in users, developers and the number of games connected to the system. The platform’s own exchange will allow users to exchange IQN for other crypto-currencies. Safety and anonymity of transactions, secureу protection of user’s data, the ability to output tokens on Mastercard — these and other features are the key advantages of the IQeon platform.

Growing the project from a promising idea to a developed and functioning product, promotion, ensuring the reliability and security of IQeon — all of these has been done by a close-knit team of professionals, who constantly make efforts to improve the platform. Our specialists under their belt have many years of successful company management, investments attraction, development and implementation of hundreds of projects for various business areas around the world.

In such reliable hands the IQeon platform can be sure in a successful future, but the help of investors will allow the team to implement everything faster and finally introduce to the game community an access to legal and safe monetization of their achievements. From December, 16 to 25 during the pre-sale of IQeon  you can get tokens with a 50% discount! Invest in IQeon on favorable terms, because when the pre-ICO ends the token price will increase.

Tartu mnt 83-205, Tallinn,
Estonia, Harju maakond,
10115
[email protected]
[email protected]

https://iqeon.io

The post IQeon – a project that will open new opportunities for the game community appeared first on NEWSBTC.

Today it is obvious that there is a worldwide growth in the comprehensive popularity of social networks among users around the world. As a consequence, the time that people spend in social networks during the day, is constantly growing. Have you ever wondered how much time you devote to social networks? An average user spends about two hours a day on social networks, which is equivalent to five years and four months over a lifetime. Quite a significant number! How to make it so that the user would spend this time with the benefit and interest for himself, showing maximum activity, and turn the social network into an effective large-scale platform for advertisers? The HeartBout project will answer this question.

Introduction to HeartBout

HeartBout is a social network of the new generation with a decentralized reward system based on a blockchain technology. HeartBout is not an ordinary social network, but a kind of “forward step” in this area, because the user’s activity here is no longer limited to the usual “likes”. Users directly take a part in the creation of the content and get the reward for this in the form of HBC cryptocurrency. The more often people use HeartBout social network, the more they can get HBC. Thus, the idea of the HeartBout’s creators is to monetize the user’s activity for publication, voting or comment. In addition, they plan to ensure the issue of HBC tokens with the advertising capabilities of the social network.

Key functions of the HeartBout social network

With the help of “hot hearts”, the so-called “likes”, and “cold hearts”, a kind of “dislikes”, users of the HeartBout social network assess its content. The social network contains the feed, which allows the user to create publications and leave comments, assess publications and comments with “hot” or “cold” heart. The content in HeartBout, including publications and comments, is filtered by categories “hot”, “new”, “best”, “not sure”. The category that a publication or comment is put into depends on the user reaction to it, i.e. the number of “hot ” and “cold ” hearts. In addition, the user can independently create categories by interests in his feed and fill them with the desired tags. The user’s profile will reflect all the necessary information about him, including his subscriptions and subscribers, the number of HBC tokens he holds. Unlike other social networks, HeartBout will allow users to issue a Challenge for another person having specified a rate in HBS tokens, due to which publication will compete with the post of the user to whom the Challenge was thrown. Other users will vote for the post they like. As a result, the winner of the Challenge gets his/her rate and the opponent’s money excluding the system fee. The social network will contain group chats that will allow you to share content, issue challenges, and communicate in the HeartBout space.

Among other things, the HeartBout social network will provide excellent advertising opportunities for advertisers. Firstly, HeartBout will offer a lower competitive price for one impression of $0.002 compared to other social networks. Secondly, due to the fact that the number of unique users of the HeartBout social network will constantly grow thanks to the existing reward system, advertisers will be able to buy more and more advertising impressions and distribute information among the growing audience of the HeartBout social network. Thus, the HeartBout social network will allow to earn on its use to all – both users, advertisers, and creators of the project.

It should be noted that the mechanism of work of the HeartBout social network is thought out to the smallest details. The whitepaper of the project contains mathematical formulas for calculating all the necessary indicators for the future functioning of the social network. Used technologies are also exhaustively described in this document. For user’s convenience the HeartBout’s creators plan to develop both a web version and a mobile application. The Roadmap of the project contains clearly planned actions for the implementation of all plans.

About HBC tokens and its use

The HeartBout coin token (abbreviated as HBC) is the only and the basic token of the HeartBout social networking service. The HBC is used as a reward for actions of the HeartBout social network users and is directly connected with the advertising capabilities of the social network, i.e. it allows to pay for the advertisement exposures in the social network. Thus, the HBC tokens can be spent on promotion of a publication (advertisement). Besides, the coins can be taken out to an accredited stock and converted to other currencies in future.

Tokens are issued daily, once 24 hours, between 10.00 pm GMT and 02:00 am GMT, strictly according to the predetermined formula. All tokens issued during 24 hours are distributed between authors, voters, and miners. The price of the HBC token directly depends on the success rate of the HeartBout social network, and, more precisely, from the number of unique users of the network – the more unique users there are in the system presumably the more expensive token HBC is. Considering the projected growth of the audience of the social network HeartBout, taking into account the advertising that is much cheaper in comparison with competitors and the limited issuance of HBC tokens, the creators of the project with a fairly high degree of reliability predict the growth of the HBC token’s price at the market.

Details of the HeartBout pre-ICO and ICO

During the HeartBout’s crowdsale, only 50 000 785 HBC tokens will be available for sale, of which 10 217 279 are planned to be sold for the pre-ICO period and 39 783 506 for the ICO period. The goal of the initial offering of HBC tokens is to attract 6442 ETH. The price of the token, regardless of the stage of the sale, is $0.051. The minimum purchase amount is 100 HBC. Accepted cryptocurrency for payment is Ether. The token is based on the ERC20 standard.

Pre-sale of the project’s tokens will be held in two stages: from December 15, 2017, to December 31, 2017, and from January 30, 2018, to February 28, 2018. Within the pre-ICO, maximum bonuses are offered to investors: at the first stage, the bonus is 35% of the price, on the second stage it is 20%. The project’s ICO will also be held in 2 stages: from April 1, 2018 to April 30, 2018 and from May 10, 2018 to June 30, 2018. The bonuses will also be offered to participants, but already in a smaller size: 15% and 10% respectively in the first and second stage of the ICO.

Thus, the earlier the investor participates in the project’s crowdsale, the more favorable conditions for the purchase of HBC tokens he receives. The HeartBout’s creators expect the growth of 1 HBC from a selling price of $0.051 (without a discount) on ICO to the price of $5,1 (growth on 10 000%) in 7 months after the launch of the social network Heart Bout. This fact ensures the token attractiveness for purchase on ICO. The forecast of the token’s growth is graphically reflected in the Whitepaper.

More information about the project, about ongoing pre-ICO and planned ICO, as well as the Whitepaper, you can find on the official HeartBout’s website, or on the pages of the project in all popular social networks.

JOIN THE HEARTBOUT PRE-ICO NOW WITH MAXIMUM BONUS OF 35% DISCOUNT FROM THE TOKEN’S PRICE!

The post The Social Network of the New Generation HeartBout with a Decentralized Reward System of User’s Activity Conducts Pre-ICO appeared first on NEWSBTC.

How low can bitcoin go? A look at the charts suggest a bearish price reversal could extend through the weekend.

A lot of people are frustrated about the way Bitcoin works right now. High fees, slow transactions, and a lack of improvements are definitely hurting the world’s leading cryptocurrency. Nicolas Dorier thinks none of this is a problem whatsoever, though. In fact, he goes as far as stating how all of this creates a new buying opportunity for people looking to buy Bitcoin.

Using Bitcoin has become pretty problematic in the past few months. It is quite slow to use more often than not, and the fees are skyrocketing as we speak. The average user isn’t too pleased with this development, for obvious reasons. Nicolas Dorier, a Bitcoin developer, isn’t too bothered by this development whatsoever. His recent tweet paints an interesting, albeit slightly odd picture.

Nicolas Dorier Doesn’t Mind Bitcoin’s Issues

More specifically, he thinks people need to “chill out” over the Bitcoin issues. That is pretty interesting, albeit people who effectively use Bitcoin won’t necessarily agree. In fact, there’s a fair amount of friction in this regard. New topics and social media posts about fees and slow transactions pop up every single hour. It is evident this situation needs to be resolved, but that will be much easier said than done.

People need to seriously chill out about BCH. Bitcoin works fine even with fees, and block time will likely stay almost the same because the fee compensate for it. If anything, this is a buy opportunity.

— Nicolas Dorier (@NicolasDorier) December 20, 2017

One thing working in Bitcoin’s favor is how the block time hasn’t been affected all that much. More specifically, the blocks are still around 10 minutes apart. It doesn’t solve the delay for transactions whatsoever, but it’s a positive factor which shouldn’t be overlooked. Nicolas Dorier makes a good point in this regard, though. Whether or not the general user will care about this “positive” aspect, remains to be seen. It is good to know some things haven’t partially degraded, though.

The big question is whether or not these issues affect the Bitcoin price. We have seen several violent fluctuations in this regard. Network problems may indeed create a buy opportunity. However, it is almost like attempting to catch a falling knife. Saying how all of this creates a buy opportunity is somewhat controversial by Nicolas Dorier. People have been looking for a cheaper buy point for Bitcoin, granted. Since no one knows what the bottom is right now, however, buying BTC might not happen until the network is stable again. Preferably on a permanent basis.

The post Nicolas Dorier Claims Bitcoin’s Network Issues are “”Normal” and how This is a buy Opportunity appeared first on NEWSBTC.

The Monetary Authority of Singapore has become the latest financial watchdog to issue a warning on the risks of investing in cryptocurrencies.

Banking giant Morgan Stanley has estimated that hedge funds invested $2 billion in cryptocurrencies this year.

Overnight action was a real roller coaster in the bitcoin price, with things initially taking a steep turn to the downside and correcting considerably before recovering somewhat to trade pretty strongly into early morning Europe. With any luck, we will see a continuation of this strength as the European session matures and, as far as key levels are concerned, we should have some pretty solid ones in place given the strength with which we are trading right now.

So, with this said, let’s get things outlined for the forward session and see if we can jump right into the market and take profit on any action. As ever, take a quick look at the chart below before we get started so as to get an idea where things stand and where we are looking to jump in and out of the markets as and when things move. It is a one-minute candlestick chart and it has our primary range overlaid in green.

As the chart shows, the range that we are looking at for the session right now comes in as defined by support to the downside at 17457 and resistance to the upside at 17634. If we see price break through resistance, we will enter into a long trade with an immediate upside target of 17700. A stop loss on this position somewhere in the region of 17600 (current prices) will ensure we are taken out of the trade if and when things turn against us.

Looking the other way, to the downside, we will look out for a close below support to signal a short entry. The same concept applies, just in reverse, so we will target a downside profit-taking exit point in and around 17380 and we will place a stop loss somewhere in the region of 17480 to get us out in case things turn bad.

Let’s see what happens.

Charts courtesy of Trading view

The post Bitcoin Price Watch; Riding The Run appeared first on NEWSBTC.

It is safe to say Bitcoin Cash is one of the hottest cryptocurrencies in the world right now. Especially now that Bitcoin is showing plenty of chinks in the armor, investors and speculators are moving to new cryptocurrencies. As a result, we have seen the Bitcoin Cash price appreciate in value these past few days. Right now, the Bitcoin Cash price sits at $3,368, although it’s not unlikely we will see even more gains.

Bitcoin Cash Price Gains add up Nicely

Anyone who bought Bitcoin Cash about a week ago – or even earlier – will be quite happy with how things have turned out. Unlike what most people had expected at this point in time, the Bitcoin Cash price successfully surpassed its previous all-time high of $2,800. In fact, it made that particular all-time high look like pocket change, considering how the new all-time high is recorded at $3,813. This is over $1,000 higher than the previous record, which is incredibly impressive.

Most of these gains have been recorded in the past 24 hours. Just yesterday, it seemed as if the Bitcoin Cash price would surpass $2,500, even though the momentum did not necessarily warrant a new all-time high in quick succession. Then again, the ongoing Bitcoin problems are forcing users to look for alternatives, especially now that the Bitcoin price is struggling quite a bit.  It will be interesting to see how long this momentum can remain in place, as many people have high hopes for a Bitcoin price reversal sooner rather than later.

For the time being, we see a Bitcoin Cash price of $3,368, which is more than respectable. It is also a lot higher than more Bitcoin diehards had expected, as they would much rather see this hard fork disappear altogether. It seems the Bitcoin Cash methodology of on-chain scaling is working in its favor right now, which is a positive sign. We can only hope Bitcoin manages to figure out its own scaling problems sooner rather than later, though. Right now, that seems highly unlikely, but we may receive some pleasant surprises in the future.

Thanks to over $7.75bn in 24-hour trading volume, no one can deny there is a genuine demand to both buy and sell Bitcoin Cash right now. Although people are taking profits along the way, it seems the overall uptrend is still intact. Stabilizing near the $3,000 level would be pretty good for Bitcoin Cash right now, although it remains to be seen how all of this will play out in the coming hours and days. There is some negative pressure on the markets right now, but nothing to be overly concerned about just yet.

Bithumb is definitely leading the markets in terms of Bitcoin Cash trading volume. More specifically, it has over $1.17bn in volume, which is “only” $200m ahead of both Bittrex and Bitfinex. Do keep in mind this is the Bittrex BTC/BCH trading market, which seemingly confirms people are converting their Bitcoin into BCH for the time being. Rest assured this momentum can turn around at any given moment, but for now, we have entered a pretty solid uptrend for all altcoins which offer something Bitcoin isn’t capable of in its current form.

Thanks to the 43.43% gain in USD value and 55.36% gain over Bitcoin, things are looking pretty good for this popular altcoin right now. It is evident people are getting tired of the shenanigans which affect Bitcoin, but it remains to be seen if Bitcoin Cash can withstand a clogged up network in a positive manner. For now, it’s an interesting cryptocurrency ecosystem in every way imaginable, especially with the Bitcoin Dominance Index dropping below 47.5% again. The fireworks begin, but rest assured there is still an ‘end show” to come in the next 11 days.

Don’t miss out on the first crypto event of the year in the Bay Area

The WCEF, being held January 15 & 16th, 2018 in the South San Francisco Conference Center, will bring together entrepreneurs, crypto enthusiasts, and thought leaders to discuss the ever changing landscape of this fast evolving blockchain economy.

Just announced, Nick Szabo — computer scientist, legal scholar, and cryptographer who has spent many years developing ideas around cryptocurrencies, including the phrasing and concept of the smart contract — will be performing at the event. Michael Arrington, Founder at TechCrunch and XRP Capital, is another keynote speaker. Among other speakers are successful entrepreneurs and blockchain experts including Bill Barhydt (Abra), Joey Krug (Augur/Pantera), Justin Newton (Netki), Toni Lane Casserly (Culture), Igor Barinov (Oracles Network), Miko Matsumura (Evercoin) and others. Their talks will cover all facets of the digital economy — from blockchain tech to new economic models using tokens.

In addition to keynote presentations and panel discussions, WCEF will feature lightning talks, power networking sessions, and both a token pitch and hackathon contest.

Find more information on the website: http://wcef.co/

Get your early bird ticket now: https://www.eventbrite.com/e/world-crypto-economic-forum-tickets-40798780250

The post The World Crypto Economic Forum is bringing together some of the world’s most notable crypto leaders appeared first on NEWSBTC.

Seoul-Based South Korean bitcoin exchange Youbit has admitted to suffering a major security breach that led to the loss of a fifth of user funds stored on the trading platform.

Youbit to Proceed With Bankruptcy Proceedings

In an announcement, Youbit told its users that they will only be able to withdraw 75 percent of their funds stored on the exchange. The company stated that the rest will be credited to the users after the final bankruptcy proceedings are settled.

The official statement of Youbit read:

“We sincerely apologize about the delay in the our announcement of the hacking attack and security breach we had experienced. Currently, we are cooperating with law enforcement and third party investigators to evaluate the breach. We are trying everything in our capability to minimize the losses of our users and we are considering several ways to handle this situation. We would like to apologize again for disappointing our users.”

Since 2014, Youbit has served the South Korean cryptocurrency exchange market with a trading platform insured by a major South Korean insurance companies DB Insurance and Comodo. It had also partnered with KB Bank, the second largest commercial bank in South Korean behind Shinhan, to provide its clients with escrow accounts.

It amassed the interest of local cryptocurrency and bitcoin traders by marketing the Youbit trading platform as a “fast and simple” digital currency exchange for both casual and professional traders.

Third Bitcoin Exchange Hack in South Korea

Youbit is the third bitcoin exchange in South Korea to be hacked in 2017, along with the world’s second largest cryptocurrency exchange Bithumb and Yapizon.

Bithumb and Yapizon suffered minor security breaches throughout this year and have been responsible for the theft of user identities and user funds. Bithumb in particular suffered two major hacking attacks in a span of months. In its first hacking attack, Bithumb compensated $2 million to the exchange’s users. The second security breach led to the leak of sensitive user information, and the company was fined by the South Korean government as a result.

Bithumb’s official announcement in July read:

“The employee PC, not the head office server, was hacked. Personal information such as mobile phone and email address of some users were leaked. However, some customers were found to have been stolen from because of the disposable password used in electronic financial transactions.”

Last week, during an emergency meeting focused on cryptocurrency-related regulatory frameworks, the South Korean government expressed its concerns over the lack of regulations in the South Korean cryptocurrency exchange market and the necessity of strict policies to protect investors.

South Korea’s leading exchanges Bithumb, Korbit, and Coinone have emphasized that they welcome strict regulations from the South Korean government, as it would further validate, stabilizes, and legitimize the local cryptocurrency market.

The South Korean government and its task force formed by the Ministry of Strategy and Finance, Financial Services Commission, Ministry of Justice, Fair Trade Commission, and Financial Supervisory Commission intend to strictly regulate the local cryptocurrency market to prevent hacking attacks and large-scale security breaches from occuring.

The post Another South Korean Bitcoin Exchange Hacked, Files For Bankruptcy appeared first on NEWSBTC.

It has been a pretty interesting day for cryptocurrencies. More specifically, the Bitcoin Cash price is going bonkers right now. This is mainly due to GDAX and Coinbase enabling Bitcoin Cash support. As was to be expected, this momentum caused some sort of issue. The company decided to suspend all BCH trades for a while after mysterious riders showed up on the site. Buying Bitcoin Cash for over $9,000 is rather odd.

It was a matter of time until Coinbase decided to add Bitcoin Cash. Support for this altcoin has been rumored for some time now. With GDAX enabling BCH trades too, things will get very interesting moving forward. That is, assuming the company can keep their trading operation going. Trading across both platforms has been halted temporarily as we speak. It is a bit unclear as to why this has happened. According to GDAX, trading will be resumed later today at 9 AM PST. A brief reprise may be a good thing for markets to calm down.

Bitcoin Cash Trading Momentum Causes Some Issues

More specifically, there has been some interesting trading momentum for BCH. It became evident some people might attempt to manipulate the order book. Buying Bitcoin Cash for $8,000 and more is well over the market price. Several of such orders were created and filled. It is possible Coinbase and GDAX may reverse some of these trades moving forward, though. After all, a lot of people made and lost money in a very suspicious manner.

Although none of these orders went through for vast amounts of money, it is evident something doesn’t add up. While the initial excitement was to be expected, so was the attempt to manipulate things. It only took just over an hour before things got out of hand. No one can deny cryptocurrency users are always looking for ways to make money in one way or another.  This incident is unfortunate, but it seems the situation will be rectified pretty soon. Significant volatility is always normal, but such wild swings are rather uncommon.

For now, none of this affects the Bitcoin Cash price in any way. The popular altcoin has set another new all-time high even before trading began. Full support for BCH is still the plan for both Coinbase and GDAX. The big question is whether or not they will add other currencies in the near future. It is evident there are plenty of other currencies which could benefit from such exchange support in the future.

The post GDAX Halts Bitcoin Cash Trading due to “Suspicious” Orders appeared first on NEWSBTC.