Day: January 13, 2018

Over the past few weeks, there’s a lot going on within the bitcoin cash (BCH) ecosystem. Just recently businesses and service providers have been working towards changing their infrastructure to the new BCH address format. Additionally, the bitcoin cash environment got more support from organizations like the Bitclub Network and the merchant Kimchi Socks.

Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

The Bitcoin Cash Ecosystem Shows Enormous Growth In Just Six Months

The bitcoin cash blockchain is trucking along after close to six months since it forked from the bitcoin core blockchain. At the moment, the BCH markets are holding strong after most cryptocurrencies fell in value alongside bitcoin core markets. Currently, the price per BCH is around $2,750 and global markets are trading roughly $1.1Bn worth of 24-hour volume. Bitcoin cash has the sixth highest trade volume today, and the most traded currency with BCH is bitcoin core (BTC) by 53 percent. This metric is followed by the USD which commands 14 percent of the global volume. The BCH chain is operating at 15 percent of the core chain’s difficulty and is 0.1 percent more profitable to mine. The median transaction fee for a typical 226-byte transaction is still only $0.02 for the miner’s fee.

Colored Coins and Colorful Socks

This week bitcoin cash supporters got some good news as a few more organizations have decided to support the BCH roadmap. For instance, earlier this week a team of developers announced they were creating a counterparty platform dedicated solely to the BCH chain. This means that in the future users could create ‘assets or colored coins’ that are backed by the security of the bitcoin cash blockchain.

Another announcement made this week was revealed the Kimchi Socks company as the business announced it would be accepting bitcoin cash for purchases. Not only will the sock company be accepting BCH for goods the firm plans to have a bitcoin cash sock pre-sale. Kimchi Socks states to its fans on Twitter:        

Bitcoin Cash is now a payment option on Kimchi Socks — Soon the Bitcoin Cash Socks pre-sale will be up for orders.

Kimchi socks has started the BCH socks sale and pre-orders for socks are 50 percent off until January 31. The company details that only 1500 garments will be available for the pre-sale.   

The Bitclub Network Switches to Bitcoin Cash Because the Bitcoin Core Network “Has Been a Huge Burden to Deal With”

Another announcement made this week concerning the BCH economy was made by the mining pool outfit the Bitclub Network. The pool explains that the bitcoin core blockchain has become a “huge burden to deal with” these days. According to the company, the chain has been extremely slow and expensive which is costing the business and its club members “tens of thousands of dollars each day in transaction fees.”

“Since the start of the year the average cost for a new member paying their $99 USD sign up has been around $17 in fees — We have seen times with $25+ and even some as high as $40 just to send Bitcoin for an invoice,” explains the Bitclub Network.

We will continue to mine bitcoin and pay all mining earnings in bitcoin — However, we will no longer be accepting bitcoin for payments and all commissions will also be paid in bitcoin cash as well.

Bitclub will change its business model to BCH on February 1st the company explains. This means members will have to purchase BCH from an exchange to sign up for Bitclub’s pool contracts. At some point, the company could move back to the core network if developers happened to come up with a scaling solution, but for now Bitclub will maintain operations using bitcoin cash because it is considerably cheaper for everyone involved.  

“It’s our hope that a scaling solution happens on the Bitcoin network sometime this year, and if it does then we may consider moving back, but right now the Bitcoin blockchain is simply unusable for our business needs and we are excited to make this move over to Bitcoin Cash because its fast, cheap, and very liquid,” the company emphasizes.

Overall the past six months have been good for bitcoin cash and its supporters. Since the beginning of August the currency has climbed in value exponentially. In addition, development has been happening regularly between the last successful hard fork and the recent address serialization change. Many wallet providers have been updating to the new address format and a lot more will convert on January 14. Further, BCH proponents have witnessed the flurry of support from large businesses like Coinbase, Blockchain.info, Bitpay, Bitstamp, and many others over the past few months. 

What do you think about the progress bitcoin cash has made over the past six months? Let us know in the comments below.

Images via Shutterstock, Kimchi Socks, Bitinfocharts, and the Bitclub Network. 

Have you seen our new widget service? It allows anyone to embed informative Bitcoin.com widgets on their website.

The post Six Months Later Bitcoin Cash Support Continues to Grow appeared first on Bitcoin News.

The US Secretary of the Treasury, Steven Mnuchin, made a number of statements regarding the international use of digital currencies at a meeting of the Economic Club of Washington on Friday. #NEWS

Key Points

• Bitcoin price traded lower this past week and tested the $12,600 support against the US Dollar.
• There was a break above a major bearish trend line with resistance at $13,800 on the 4-hours chart of BTC/USD (data feed from SimpleFX).
• The price has to break the $14,500 level and the 100 simple moving average to gain upside momentum.

Bitcoin price is stable above the $12,600 against the US Dollar. BTC/USD could soon gain momentum above $14,500 to move past $15,000 in the near term.

Bitcoin Price Upside Move

This past week was slightly bearish for bitcoin price as it moved below the $14,000 level against the US Dollar. The price traded lower and moved towards the $12,200 level. A low was formed at $12,670 from where the price started an upside move. It traded above the $13,000 level and the 23.6% Fib retracement level of the last decline from the $17,112 high to $12,670 low.

During the upside, there was a break above a major bearish trend line with resistance at $13,800 on the 4-hours chart of BTC/USD. The pair managed to move above the $13,900 level. However, the upside move was protected by the $14,000 level and the 100 simple moving average. Moreover, the 38.2% Fib retracement level of the last decline from the $17,112 high to $12,670 low also acted as a resistance. It seems like the price has to move above the $14,500 level and the 100 SMA to gain upside momentum.

Once there is a break above the $14,500 level, there are chances of it breaking the $15,000 level in the near term. The overall bias is stable above the $12,500 level with an initial support on the downside at $13,200.

Looking at the technical indicators:              

4-hours MACD – The MACD is showing a few positive signs of a trend change.

4-hours RSI (Relative Strength Index) – The RSI is struggling to move above the 50 level.

Major Support Level – $12,500

Major Resistance Level – $14,500

Charts courtesy – SimpleFX

The post Bitcoin Price Weekly Analysis – BTC/USD To Recover above $15,000 appeared first on NewsBTC.

Key Highlights

• ETH price extended its gains and was able to move above $1400 against the US Dollar.
• There was a break above a major descending channel with resistance at $1230 on the 4-hours chart of ETH/USD (data feed via SimpleFX).
• The pair might continue to extend its gains above the $1400 level in the near term.

Ethereum price is in a major uptrend against the US Dollar and Bitcoin. ETH/USD broke the $1400 level and it is likely to extend gains going forward.

Ethereum Price Rise

This past was overall positive for ETH price as it remained supported above $1200 for more gains against the US Dollar. There was a dip towards the $1079 level where buyers appeared and protected losses. Later, a new upside wave was initiated and the price was able to move back above the $1200 and $1250 levels. The rise in ETH was excellent as it managed to move above the $1400 level and traded to a new all-time high at $1412.82.

During the upside move, there was a break above a major descending channel with resistance at $1230 on the 4-hours chart of ETH/USD. At the moment, the price is correcting lower and is trading below the $1400 level. An initial support on the downside is around the 23.65% Fib retracement level of the last wave from the $1079 low to $1412 high. It seems like the price is placed nicely in the bullish zone above $1300 and it is very likely to move back above $1400 for more gains.

On the downside, the most important support is around the 50% Fib retracement level of the last wave from the $1079 low to $1412 high at $1245. The same $1245 level acted as a resistance level and it may act as a buy zone in the near term.

4-hours MACD – The MACD is nicely moving in the bullish zone.

4-hours RSI – The RSI is currently near the 65 level with bullish signs.

Major Support Level – $1245

Major Resistance Level – $1400

Charts courtesy – SimpleFX

The post Ethereum Price Weekly Analysis – ETH/USD Breaks $1400 appeared first on NewsBTC.

This week another company reaped the benefits of adding ‘blockchain technology’ to the firm’s business model. The publicly listed company, Ameri Holdings (AMRH), revealed on January 10 that it was going to utilize the emerging tech within its operations. The company got a swift market valuation boost from the announcement. According to reports Ameri Holdings was previously considered unprofitable, and it’s cash reserves had been dwindling.

Also Read: Peak Blockchain Hype? Firm With No Revenues and No Product Is Worth $1.2 Billion

A Stagnant Cloud Company Goes Blockchain and Its Public Shares Soar

Over the past few weeks, we’ve reported on a few companies using the blockchain hype to their advantage. For instance, the Long Island Iced Tea Corp. changed its name to ‘Long Blockchain,’ and the company’s shares soared. The drink company is now planning to create a mining facility and pivot away from the iced tea business. Three days ago we also reported on a so-called ‘blockchain firm’ that the U.S. Securities and Exchange Commission (SEC) shut down because it had no revenue and no product. Now Ameri Holdings (OTCQB: AMRH), a ‘digital cloud’ company, is joining the blockchain bandwagon, and a columnist from the publication Seeking Alpha is skeptical about the situation.

The researcher says AMRH’s financial records are concerning.  

“Core growth is completely stalled, operating income has been significantly negative, cash levels have been declining, and the company is in a massive $20 million working capital deficit,” explains the recent report.  

We believe that nothing has changed in the business fundamentals of AMRH. The company’s revenue growth has stagnated over the past three quarters — In addition, losses have continued to grow on surging general and administrative expenses. Cash flow has been negative recently, and cash levels stand at $0.8 million — Working capital is a significant concern.

Ameri Holdings’ Promises of Blockchain Adds Crazy Trade Volume and a Valuation Increase of $39 Million

Then on January 10, the company announced that blockchain technology would be added to the firm’s business model. The press release promised AMRH shareholders the distributed ledger technology would bring greater efficiency and transparency to its supply chain. Further smart contracts were mentioned for vendors, and the word blockchain was used frequently throughout the announcement. The researcher notes that AMRH shares soared by over 71 percent immediately after the blockchain announcement.

“Amazingly, 13,615,785 shares traded hands compared with the usual average of approximately 100,000 per day,” explains the report.

The report finds the pump in share price concerning, especially when its tethered to a firm that’s produced very little revenue.

“We believe the $39 million increase in equity market capitalization is unwarranted and believe investors should be watchful of the potential for the stock to trade higher providing another short sale opportunity,” the research report notes.

Stagnant Companies Reaping Benefits Off the Blockchain Hype Is Currently a Sign of the Times

Companies like these, and recent regulatory crackdowns against blockchain firms with no product, have caused a lot of skepticism towards initial coin offerings (ICO) and the slew of ‘distributed ledger technology’ announcements. There are definitely a lot of people who believe a $39 million increase in equity market capitalization is unusual for a stagnant company that suddenly goes blockchain, but a lot of individuals see it as a sign of the times.

What do you think about companies that suddenly go blockchain increasing in value? Do you think investors are being fooled by blockchain word salad? Let us know what you think in the comments below.

Images via Shutterstock, PRNewsFoto/AMERI Holdings, Inc., Forge River, SEC filings, Investing.com, and Seeking Alpha. 

Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.

The post Another Stagnant Company Reaps the ‘Blockchain Benefits’ appeared first on Bitcoin News.

Key Points

• Bitcoin cash price is mostly trading in a range above the $2350 support against the US Dollar.
• There is a major contracting triangle forming with resistance at $2800 on the 4-hours chart of BCH/USD (data feed from Kraken).
• The pair has to move either above $2800 or break the $2350 support for the next move.

Bitcoin cash price is preparing for the next break above $2800 against the US Dollar. BCH/USD has a good support on the downside at $2350.

Bitcoin Cash Price Support

There were mostly range moves in bitcoin cash price this past week above the $2350 support against the US Dollar. The price dipped on a few occasions and tested the $2300 and $2200 support levels. However, the downside move was well supported with pivot as $2350. On the upside, the price struggled to break the $2700 and $2800 resistance levels.

The last dip was strong as the price moved below the $2200 level and traded as low as $1999. Later, the price recovered sharply and moved back above the $2400 level. The upside move was decent and the price was able to close above $2500 and the 100 simple moving average (4-hours). Moreover, it is now above the 50% Fib retracement level of the last decline from the $2948 high to $1999 low. It seems like there is a major contracting triangle forming with resistance at $2800 on the 4-hours chart of BCH/USD.

The pair may continue to trade in a range above $2350. However, it needs to break either the $2800 resistance or break $2350 for the next move. Above $2800, the price could accelerate above the $3000 level in the near term.

Looking at the technical indicators:

4-hours MACD – The MACD for BCH/USD is slightly placed in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI for BTC/USD is still above the 50 level.

Major Support Level – $2350

Major Resistance Level – $2800

Charts courtesy – Trading View, Kraken

The post Bitcoin Cash Price Weekly Analysis – BCH/USD Preparing for Break appeared first on NewsBTC.

No one can deny cryptocurrency is about much more than just Bitcoin. That is a positive development, as Bitcoin is not perfect. Nor does it have all of the answers to our problems either. It is a good currency at times, but right now, it’s not in the best of shapes. As a result, mainstream companies are slowly showing an interest in other currencies. KPN, for example, has decided to host a dedicated NEO consensus node in their data center. An interesting decision by the Dutch telco.

There is an interesting future ahead for all currencies that are not Bitcoin. Especially those which offer something entirely different from established currencies. NEO is similar to Ethereum in some ways, yet completely different in other aspects. So far, this altcoin has seen great success throughout 2017. It seems that powerful trend will continue into early 2018. Especially when they have some big announcements to make in the coming months.

KPN Sees Merit in NEO and the Smart Economy

One of those announcements has to do with KPN. Most people know this company because it’s one of the largest Dutch telecommunications companies to date. Surprisingly, KPN decided to hop on the NEO bandwagon. More specifically, the company will host an NEO consensus node within their data center. That in itself is a rather surprising development. Then again, the giant has shown an interest in NEO and the smart economy before. It seems they are only now putting their plans into action, which can have some interesting consequences.

"KPN joins the smart economy by hosting a $NEO consensus node, exclusively within our data center here in the Netherlands"

KPN is a telecommunications company based in the Netherlands with a market capitalization of $12 billion https://t.co/XQYYHQZzW2

— NEO Ecosystem (@stateofneo) January 13, 2018

One could argue this news has no major impact. At the same time, the telco giant purposefully chose this altcoin over all other cryptocurrencies on the market. They are seemingly not interested in Bitcoin, Ethereum, Litecoin or XR. Instead, they want to support NEO and become a part of the smart economy. It is an interesting development which will have major consequences. What those consequences might be, is anybody’s guess right now. It is a massive notch in the belt for NEO, though.

For now, it doesn’t seem as if this should aspect the NEO price all that much. Having KPN on board is significant, but ultimately just a first step. We do know the project wants to further decentralize their consensus node mechanism. This may very well be a big step toward achieving that goal in the future. At the same time, we might see other technology companies show a big interest in other cryptocurrency nodes or similar systems. Only time will tell what the future holds. For now, things are looking good for NEO, but this is not an earth-shattering development either.

Header image courtesy of Shutterstock

The post KPN Shows Support for NEO by Hosting a Consensus Node in Their Data Center appeared first on NewsBTC.

(From Left to Right: Prakash Somosundram, Kenneth Tan, Alex Haxton, Peter Sin, Caleb Yap, Brian Condenanza, Gautam Seshadri)

 SINGAPORE, 12 JAN 2018 – The world’s first A.I-driven Marketplace for Dating and Relationships, Viola.AI sets to revolutionize the current love industry, leveraging on blockchain technology. 

 With 13-years proven success record in the dating industry, the team behind Viola.AI promises to build the most successful and smartest A.I to create a global and borderless full loop solution from dating, courtship, relationship to marriage.

Viola.AI is an ever-improving, decentralized and secure A.I. Driven Marketplace for dating and relationships that gives data-driven advice, recommendations, concierge and matches to help singles and couples improve their relationships.

Today, Viola.AI announced the latest additions to their line-up of ICO Advisors, all come with a vast experience and diverse expertise, ranging from serial entrepreneurs, blockchain and investment specialists, to tech investors with huge network. This news is a real testament of the importance and value that Viola.AI brings to positively impact billions of people worldwide.

PRAKASH SOMOSUNDRAM 

Serial Entrepreneur, Fintech Influencer, Singapore Government Advisor

Prakash is a leading digital entrepreneur who founded Yolk, a digital agency that served clients like Lenovo, Microsoft, Singapore’s Ministry of Communications and the Arts. Yolk was acquired by WPP in 2011. He also listed another company TMG on Nasdaq First North. He is highly ranked as an influencer in the fintech space in Asia. In 2016 he was recognized at the Singapore Indian Business Leaders (SIBL) awards.

KENNETH TAN

Co-Founder, FundYourselfNow and Blockchain Writer

Co-founder at FundYourselfNow, a Singapore-based crypto-currency crowdfunding platform, Kenneth is a thought leader and active writer in the blockchain space and has been featured in multiple news organizations such as Business Times Singapore, Zerohedge and other major crypto publications. He has over 10 years of experience in helping start-ups and businesses successfully build their products.

ALEX HAXTON

Cryptocurrency Advocate and Blockchain Consultant

Alex Haxton was an early adopter of Bitcoin in 2012. He began trading and investing in Bitcoin while being a cryptocurrency advocate on social media. Since then, he has become a cryptocurrency and blockchain consultant and advisor to companies seeking to embrace the blockchain and cryptocurrency sphere.

 PETER SIN

Co-Founder, Singapore Bitcoin Club

Peter serves as the Co-Head of Digital Currency Sub Committee of Singapore Cryptocurrency and Blockchain Industry Association (ACCESS) and the Co-Founder of Singapore Bitcoin Club, Singapore’s largest cryptocurrency trading educational community. He is a frequent speaker and panelist on forums and seminars on cryptocurrencies. Peter is an experienced financial professional in Singapore’s leading financial advisory firm, advising corporate and individual clients on risk management solutions.

 CALEB YAP

Co-Founder, Singapore Bitcoin Club

Caleb is one of the Co-Founder of Singapore Bitcoin Club, Singapore’s largest cryptocurrency trading educational community. He regularly conducts educational workshops and seminars on cryptocurrencies. His views on different investment strategies and different aspects of cryptocurrency are highly valued by the local community. On top of that, he is also an experienced real estate consultant with one of the largest property agency in Singapore.

BRIAN CONDENANZA 

Internet Entrepreneur, ICO Advisor, Blockchain, Crypto and Bitcoin Enthusiast

One of the most successful and influential young entrepreneurs, Brian is an early investor of Bitcoin and a passionate cryptocurrency and blockchain advocate who has amassed over 1 million followers on Twitter where he shares future promising ICOs and helps companies connect with their audience.

GAUTAM SESHADRI 

Entrepreneur, Angel Investor, Tech Advisors

With nearly 15 years of experience in Investment banking, corporate strategy, entrepreneurship and venture capital, Gautam is a Co-founder of ZPX, a leading Singapore-headquartered investment & advisory firm in the private technology space. He is an occasional angel investor and serves as Advisor to several tech start-ups including Blowhorn, India’s leading intra-city logistics company.

“We are so excited to have our new advisors on board Viola.AI. We are confident that the team will benefit greatly from their expertise, which will be vital to ensure the success of our project. Their skills and presence in the team will equip us to deliver the best possible ICO in our mission to build the world’s first AI-driven marketplace for dating and relationships. We are humbled by their confidence, encouragement and valuable advice as we scale our project up to the next level,” said Jamie Lee, Co-Founder and Head of Business Development of Viola.AI.

The 7 new Advisors will join the 6 other outstanding profiles in Viola.AI Advisory board, which consists of:

• Phillippe Rodriguez, President of Bitcoin Association in France and founder of Avolta Partner
• Michael Reece, Blockchain entrepreneur and Co-Founder of NicheAdNetwork
• Bruno Vanryb, Serial Entrepreneur who founded Avanquest, a listed and global software publisher
• Hong Ting Wong, early adopter of cryptocurrencies, a serial entrepreneur, founder & CEO of Botbot.AI and 2359 Media
• Lisa Clampitt, Founder and President of Matchmaking Institute in New York
• Dato Larry Gan Nyap Liou, Managing Partner at Accenture for 16 years, invested and worked with innovative technologies

“Each of our Advisor brings something different to the table. They have been instrumental in our growth so far, and have given us tremendous value through their experience. We are humbled and excited to know that each of our esteemed advisors believe in Viola.AI and we look forward to achieving greater heights together in this project,” Jamie concluded.

For more information on Viola.AI, visit www.viola.ai

For those who have not joined our pre-Token Sales, you can do so here! (get 50% Bonus Tokens!)

Join the discussion on Viola.AI Telegram: https://t.me/ViolaAI

About Viola.AI

Viola.AI is an ever-improving, decentralized and secure A.I. Driven Marketplace that gives data-driven advice, recommendations, concierge and matches to helps singles to be effective and efficient in finding love while also helping couples to sustain and better their relationships with their significant other.

Press Contact

Christina Thung
Head of PR
[email protected]
Viola.AI community: Telegram

The post 7 More Serial Entrepreneurs, Blockchain and Crypto Experts Join Viola.AI Advisory Board appeared first on NewsBTC.

Cryptocurrency users have become a prone target for cybercriminals these nefarious individuals often target exchanges and digital wallets. However, it seems there is a malicious social media campaign related to a Bitmain phishing website as well. The site looks and feels like the real deal, but it is clearly a fake. Users need to be aware of these problems and remain vigilant at all times. Cryptocurrency mining is very popular and people aren’t always browsing the correct websites.

The number of phishing attacks against cryptocurrency users has grown significantly. Over the past few years, we have seen numerous attempts at causing financial damage. Exchanges and trading platforms will remain the main target right now. However, someone is trying to trick users into order mining equipment from a fake Bitmain website. Considering how the company is the world’s largest manufacturer of such hardware, it is only normal criminals try to mimic it.

Beware of Fake Bitmain Ads on Facebook

Anyone who gets caught up in this fake website will lose their money. Although it is unclear how many victims there, one Reddit user pointed this issue out to us. More specifically, he lost 0.33 BTC due to this fake Bitmain website. It seems the nefarious site uses a different spelling of the “n” in the Bitmain name. This also makes the domain name look more legitimate compared to using a slightly different company name. A very problematic development, and one that should not be allowed tot to take place.

Unlike previous phishing sites, the fake Bitmain isn’t found on Google. There are no paid search engine advertisements when looking for the company by name. Instead, it can only be found on Facebook. Given the popularity of social media, it is normal criminals will try their hand at this new method. No one knows for sure how long the ad has been running for, though. Moreover, it remains unclear if this ad targets users in specific countries.

All things considered, cryptocurrency users need to be more careful than ever before. Any platform or email can contain malicious ads for services which seem legitimate. Bitmain is the latest victim in the ongoing attack by cybercriminals against cryptocurrency enthusiasts. It is unfortunate sites like these are even approved by Facebook. Big companies often don’t have the right staff in place to remain ahead of these phishing sites. It will not be the last of its kind either.

Header image courtesy of Shutterstock

The post Malicious Bitmain Website Shows up in Facebook’s Advertisements appeared first on NewsBTC.

Zapit is a blockchain based application which reviews products. Currently, it is solely enabled for Amazon products. However, later its horizon is set to widen to include more online marketplaces. Amazon products can be reviewed on the Zapit website, or by installing Zapit plug-in for different browsers. The user can view reviews of the Amazon product he or she is viewing in the browser itself. Also, using the plug-in, users can post a review of the Amazon product they have used already. Zapit pays users for each review published.

It is hard to trust the reviews of products on the Amazon website. There has been evidence of fake reviews for products being posted on product pages on Amazon. It is easy to post fake positive reviews through dummy accounts. Alternately, competitors can just as easily post fake negative reviews using such dummy accounts. It makes trusting Amazon product reviews that much harder. Zapit is addressing these issues for Amazon shoppers. It is a lot smoother to shop for Amazon products after using the Zapit application.

Amazon sellers can post affiliate links of their Amazon products on the Zapit platform. Users will see the reviews on the platform and may buy products using the affiliate links. In this case, Zapit will pay Amazon sellers 4% to 8%! This way, sellers will have double the profit, firstly from their product selling profit, and secondly from the extra percentage profit being paid by Zapit.

Zapit has a powerful review moderation process. This is where blockchain’s real benefit is displayed as moderators act like miners. Moderators will verify the reviews and can approve or reject them based on their authenticity. Each review needs multiple approvals before it can be published. This moderation process is in addition to the automated flag detection that companies like Amazon and Yelp use to identify spam reviews.

Zapit will be paying with their specialized token which is going to be listed in Cryptocurrency exchanges. These tokens can be exchanged with various Cryptocurrencies, or national currencies, and can even be used in trading at the exchanges. The Zapit token sale is going to be live on 30^th January 2018. Using blockchain technology, Zapit has shown the way to re-organize the product reviews. Building upon the existence of Zapit from Q3 of 2017, the beta version of the platform is going to be launched in Q2 of 2018.

Zapit Token Sale Terms

Total offering: 100,000,000 Zapit Tokens

• Private Sale – 10,000,000 Zapit Tokens (100% Bonus)
• Public Sale – 40,000,000 Zapit Tokens (50% Bonus)
• Advisors & Communities – 10,000,000 Zapit Tokens
• Core Team + Ongoing Development – 40,000,000 Zapit Tokens

Minimum Purchase Value: ETH 0.1

Overall Zapit looks like a very promising concept to change the shopping experience of Amazon users and also improves the selling experience of Amazon sellers. Let’s go for it!

Related Links:

Facebook : https://www.facebook.com/zapit.online
Twitter : https://twitter.com/zapitofficial
Telegram : https://t.me/zapitonline
Youtube : https://www.youtube.com/channel/UCAoc91o2o2XR7fzxaKbq_kA

The post Zapit is All Set to Revolutionize the Online Shopping Experience appeared first on NewsBTC.

The cryptocurrency exchange has resumed services after a scheduled maintenance that was supposed to take two hours but instead took two days.

Over the past few months, we have seen various discussions regarding Bitcoin Cash. One of the main “problems” involves how people tend to refer to this altcoin these days. In the Bitcoin community, it is often known as BCash, which creates a lot of bad blood with BCH supporters. However, it turns out BCash is an entirely different project. Whether or not the team wants to bank on Bitcoin Cash’s “success” with this name remains to be seen.

The BCash HYIP Gambling Project

Although it is unlikely the Bitcoin community will ever stop referring to Bitcoin Cash as “BCash”, there is a good reason to do so. By using this term too loosely, they inadvertently refer to a completely different project. In fact, there are multiple projects with the BCash name as we speak, none of which have anything to do with the alternative version of Bitcoin. BCash.games, for example, is a project which combines masternodes with gambling.

Moreover, BCash is actually undergoing an ICO as we speak. The last thing most Bitcoin community members want is to inadvertently shill an initial coin offering which has everything to prove. If people could put their egos aside every now and then, the whole “Bitcoin Cash is BCash” debate would never have ensued to begin with. Unfortunately, it is the situation we have to deal with right now, and it seems unlikely anything will change in this regard.

To put this into perspective, the BCash project we are referring to has nothing to do with Bitcoin Cash whatsoever. Instead, it’s a decentralized ecosystem for the gaming and casino industry. The BCash team wants to connect game developers, players, casinos and contributors through an API. It’s not necessarily something we haven’t seen attempted before, but more competition in this market can only be considered a good thing. 

Although the legality of this particular ICO has yet to be determined, its team has unveiled some interesting features. More specifically, one of their projects involves what can only be described as a clear HYIP Ponzi scheme. Users who invest specific amounts will accrue interest of up to 30% after 190 days and have their capital returned to them. Schemes like these are always something to be very wary of, as they usually don’t end well for the people who invest in them.

It seems multiple HYIP schemes will be launched, differing in terms of their particular direction and “casino” theme. Rest assured a lot of people will lose their hard-earned money when investing in any of the current or future programs associated with this BCash project. At this rate, one would almost assume that the project exists to give Bitcoin Cash a bad name, although that may not necessarily be the case. It’s best to steer away from this particular platform, though, as its offerings seem very shady at best.

No one knows for sure what the future will hold for this specific BCash project. One thing everyone needs to keep in mind is that it has absolutely nothing to do with Bitcoin Cash. We can only hope the cryptocurrency community stops calling the popular altcoin “BCash”, as it is evident there are a few projects out there using the same name for less legitimate purposes. It’s an interesting situation well worth keeping an eye on, especially as far as the BCash HYIP Gambling Project is concerned.