Day: January 30, 2018

Despite a current downturn in the markets and the mass dissemination of FUD by mainstream media the interest in crypto remains strong. The latest company to get on the blockchain bandwagon is Japanese messaging platform Line.  

In a statement today the Tokyo based company announced that it has filed an application for a license to register a crypto exchange with Japan’s financial regulator. According to reports the application is currently under review. Line is best known for its stickers and characters that have their own merchandise outlets across Southeast Asia.

Financial services and trading

In addition to a native crypto exchange within the app the company intends to launch a variety of financial services. The new initiatives which include loans and insurance will be operated by Line Financial, a subsidiary established earlier this month. Line already has a payments system built into its app called Line Pay with an estimated 40 million users. The company claims the global transaction volume from the digital wallet reached $4 million last year.

Line has over 200 million users with at least 25% of them in Japan alone. The chat and messaging service is also wildly popular in Thailand where half the population uses it and Indonesia is a close third with 30 million users. In comparison crypto exchange Coinbase only has around 13 million registered accounts and trading brokerage Robinhood around 3 million.

Crypto bandwagon

The company is upping its efforts to compete with rivals Facebook which owns Messenger and WhatsApp and crypto is hot property at the moment. According to a statement Line is also hiring blockchain experts and;

“hopes to become a leader in the FinTech industry as the world moves increasingly towards a cashless wallet-less society.”

Its $1.1 billion US-Japan IPO in 2016 failed to gain traction across the rest of the world so the firm has focused on its core markets in Asia. Japan is currently one of the most crypto friendly nations in the region as others such as South Korea continue to clamp down. Thailand is also open to ICOs and crypto trading despite the presence of a ruling military junta.

Line could be the largest consumer-focused organization to get into crypto lately. Russian rival messaging platform Telegram with 150 million users is also looking towards a record breaking ICO to launch its own cryptocurrency and Facebook are sniffing around blockchain solutions of their own.

Cryptocurrencies may be down today but the markets are heating up.

The post Japan’s Top Chat App Line to Launch Crypto Exchange appeared first on NewsBTC.

Hawaiian lawmakers are aiming to address cryptocurrency, this time by update money transmission law in the state.

Angel investor and entrepreneur Jason Calacanis argues that the cryptocurrency boom will end badly for most investors.

The body responsible for providing the UK with all the physical money they have in circulation, the Royal Mint, have launched their own cryptocurrency. It’s called Royal Mint Gold (RMG) and the idea behind it is to provide a safe, secure, cheap, and convenient way for people to hold gold as an investment.

In an interview with the UK’s Express newspaper, Tom Coghill of the Royal Mint’s RMG sector stated:

“We already sell physical gold through our Royal Mint Bullion business and we sell coins and bars. In this sense what we’re doing here is simply making that a digital business and allowing for our clients to be able to hold gold for the first time on a blockchain basis. The difference between what we’re doing and what other crypto digital assets is that we’re a physical tangible asset. One gram on our blockchain represents one gram physically in our vault. So it’s real gold you’re holding when you’re holding our RMG.”

Essentially, what the Royal Mint are doing is storing gold for people and tracking who owns it using a blockchain. It’s really not all that revolutionary.

Coghill went on to trot out a tired argument that many gold bugs rely on when defending the value proposition of the planet’s most widely regarded precious metal. For him, the fact that people have been using gold to store value for over 6,000 years makes it a better investment than Bitcoin or other cryptocurrencies. However, what seems strange is that RMG provides a way for folk to “own” gold but the Royal Mint remain the custodian of the bullion. Many who want to invest in gold do so because they fear a massive breakdown in society would render money useless and in which case, gold would be a suitable tool for barter in the place of cash. In such a scenario, is the Royal Mint really going to dishing physical metal out in exchange for RMG tokens? It seems doubtful…

The UK isn’t alone in their creation of a gold-backed cryptocurrency. In Australia, the Perth Mint claims to be doing something similar. Richard Hayes, the Chief Executive there told the Express:

“I think as the world moves through times of increasing uncertainty, you’re seeing people look for alternate offerings… And you’re seeing this massive flow of funds into the likes of Bitcoin at the moment because people are looking for something outside of the traditional investments.”

The post UK’s Royal Mint Creates Gold Backed Cryptocurrency appeared first on NewsBTC.

Bitcoin Price Key Highlights

• Bitcoin price broke below its short-term triangle consolidation pattern, setting its sights on the channel support at $6,000.
• The chart pattern spans $9,000 to $13,000 so the resulting breakdown could be of the same height.
• Technical indicators are giving mixed signals, so it’s tough to tell what’s next for bitcoin price from here.

Bitcoin price seems ready for another wave lower as price broke below a short-term consolidation pattern.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA so the path of least resistance is to the downside. In other words, the selloff is more likely to resume than to reverse. Also the gap between the moving averages is widening to reflect stronger bearish momentum.

RSI is still heading south, which means that bitcoin price could follow suit. However, the oscillator is nearing oversold levels to reflect exhaustion among sellers. Stochastic is already reflecting oversold conditions and looks ready to turn higher, possibly drawing buyers back to the mix.

In that case, a quick pullback to the broken triangle support could ensue or stronger bullish pressure could lead to a pullback to the channel resistance near the 200 SMA and $12,000 area of interest.

Market Factors

Profit-taking was evident in the financial markets as the end of the month came just before the State of the Union address and the FOMC decision, which could have strong impact on US assets and the dollar.

For bitcoin price, this meant another leg down as more investors were convinced to liquidate their holdings in the absence of any positive catalysts. So far, bitcoin has been weighed down by crackdowns in South Korea, an exchange hack and shutdown in Japan, and the emergence of rival altcoins.

Although there have been a few good developments here and there, bitcoin price appears more sensitive to negative updates likely on recency bias. For instance, news that Facebook is banning cryptocurrency ads took its toll on prices earlier this week.

The post Bitcoin Price Technical Analysis for 01/31/2018 – Another Bearish Signal? appeared first on NewsBTC.

The recent spike in attention has caused bitcoin transaction fees to skyrocket to a point that discouraged many people from using it. To combat that problem and give players as many options as possible, Bitcoincasino.us has announced recently that it now accepts Dogecoin, Litecoin and BitcoinCash. Having a range of options from which to choose gives people the power to transfer funds in a way that makes sense for them.

The Benefits of Digital Currency

Whether its bitcoin, litecoin or dogecoin, some people are curious about the benefits they can enjoy when they use digital currency. The first benefit that makes people use digital currency is security and the peace of mind that comes with knowing their funds are safe. When people use standard payment options, they need to enter their personal information, such as PayPal details or credit card numbers.

If a hacker breaks into a website that does not encrypt data, each user will be at risk for identity theft. Players who use bitcoin and other digital currencies won’t need to worry about that problem. Rather than entering their information, they will only send the funds to a digital wallet, and no compromising details are saved on their accounts. Also, digital currency gives players an extra layer of anonymity.

Why Bitcoincasino.us?

At this point, those who are not familiar with bitcoincasino.us might ask why they should choose this casino instead of the competition, which is understandable. When people opt to use Bitcoin Casino, they will have access to tons of games in one location, appealing to players of all types and skill levels. Players can choose to bet small amounts of money, or they can put a large portion of their funds on the table for a shot at an impressive payout.

Skilled players will be thrilled when they see the card games offered by this site, but advanced and novice gamblers will never get bored when they give the slot machines a try. When people decide that Bitcoin Casino is for them, they will have an endless stream of fun that they hope never ends.

Bonuses and Cash-Back Incentives

Attractive bonuses and weekly cashbacks incentives are additional reasons that people decide to play at Bitcoin Casino. One of the incentives is that each player will have the chance to earn free spins every Friday, allowing them to enhance their earning potential. Every free spin reduces the risk and improves a player’s odds of getting a profit while having a great time. Depending on the number of credits players buy, they can even earn cash-back incentives to make up for their losses.

Getting Started

Since Bitcoincasino.us can’t guarantee how long the bonuses will last, it urges those who want to enjoy the benefits to act fast so that they won’t miss the chance. Now that players can use litecoin, dogecoin and cash, they can make convenient deposits as soon as they are ready to begin. Bitcoin Casino is always adding new games and bonuses to keep the players happy, and those who stick around will know that they have made the right decision.

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.

Cryptocurrency Karbo (formerly Karbowanec), was founded by Ukrainian volunteer and crypto enthusiasts as a free exchange medium – an egalitarian, decentralized system with improved privacy, in which the value of its units is based solely on demand and supply of the free market and where everyone can take part in the emission of the coins with their ordinary computers as mining devices. It is worth mentioning, that mining algorithm is ASIC-resistant, moreover, it doesn’t give much advantage for GPU over CPU.

May 30, 2016 – Karbo coin was originally created under the name Karbowanec on the Cryptonote technology, with 0% premine and without any ICO involved. Later the original source code was updated to the source code of the Bytecoin as a basis for Karbo code.

On December 22, 2016 the smooth Karbo hardfork took place in the network. As a result, Karbo became the first cryptocurrency to test the formula that protects against the massive hashrate mining attacks, so called “multipool effect” or “Nicehash effect”, proposed by Zawy12, one of Zcash developers. The algorithm formula, first implemented in Karbo, was later used as a reference in the development of the difficulty algorithm for Bitcoin Cash.

Anon & Fungible

Just like Monero, Karbo tries to achieve best possible fungibility (no coins blacklisting possible), without pursuing the best possible anonymity (that is not obfuscating transactions amounts with Ring CT). As a result, Karbo transactions are smaller than in Monero, but coins are still fully fungible, untraceable and unlinkable, just like in Monero. Due to this and other differences, Karbo blockchain is growing at a much slower rate and as of now twenty times smaller than Monero.

Fees

One of the best features of Karbo is it’s extremely low fees – 0.0001 krb, that’s about 0.01 cent with the current price. There are plans to develop stable fee mechanism which will keep fees on the same level in fiat equivalent, adjusting them accordingly to the price rise.

Development

Currently, developers are polishing Mobile (Android) and Lite wallet, to release them just in a couple of weeks. Next goal is Web-wallet, planned for Q1 2018.

Real usage

Karbo aims to the real world usage. Thus on December 28, 2017 the second in Ukraine real estate deal using Karbo cryptocurrency took place. The first one was made using Ethereum. Two parties of the deal decided to remain anonymous which is understandable due to anonymous nature of the coin and numerous cases of crypto robbery as of late. There is the whole marketplace for trading with KRB where various goods are being sold, from phones to cars.

There is also a growing network of merchants accepting Karbo cryptocurrency for payment, and biggest ukrainian crypto exchange (kuna.io) is on the way to add Karbo in the biggest crypto ATM network in Ukraine (150 atm’s planned).

For more information about Karbo:

Official Website: Karbo.io

GitHub: github.com/seredat/karbowanec/releases

Twitter: twitter.com/krbcoin

Telegram: t.me/karbo_en

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.

Key Points

• Bitcoin cash price came under a lot of pressure and traded below the $1500 support against the US Dollar.
• There is a new bearish trend line forming with current resistance at $1580 on the hourly chart of BCH/USD (data feed from SimpleFX).
• The pair is currently correcting higher, but it is likely to face sellers near $1480 and $1500.

Bitcoin cash price declined sharply below $1500 against the US Dollar. BCH/USD is under a lot of pressure and it could even break the $1400 support.

Bitcoin Cash Price Decline

There was no recovery in bitcoin cash price as it failed to move above the $1650 level against the US Dollar. The price declined sharply and broke a few important support levels such as $1550 and $1500. It traded close to the $1400 level and formed a low at $1392. At the moment, the price is correcting higher and is testing the 23.6% Fib retracement level of the last decline from the $1638 high to $1392 low.

On the upside, the broken support at $1475 is likely to act as a resistance in the near term. It could act as a major hurdle for buyers and prevent upsides above $1500. Above $1500, the 50% Fib retracement level of the last decline from the $1638 high to $1392 low may act as a resistance. There is also a new bearish trend line forming with current resistance at $1580 on the hourly chart of BCH/USD.

The trend line resistance at $1580 is above the 61.8% Fib retracement level of the last decline from the $1638 high to $1392 low. Therefore, any major recoveries from the current levels is likely to be capped.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is extending moves in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is now near the extreme oversold levels.

Major Support Level – $1400

Major Resistance Level – $1500

Charts courtesy – SimpleFX

The post Bitcoin Cash Price Technical Analysis – BCH/USD Crashes Below $1500 appeared first on NewsBTC.

According to the World Bank’s Global Findex report, nearly 2 billion adults and 160 million small businesses from all over the world do not have bank accounts. Efforts to approach them to traditional financial institutions have not been enough, limiting their economic growth potential.

Only 14% of adults living in the Middle East hold a bank account, opposed to the 94% of citizens from first world western countries that do. Developing regions with underserved communities such as India and sub-Saharan Africa comprise, when combined, nearly 32% of the world’s unbanked and underbanked population.

These statistics portray an irrefutable reality: a financial gap that dramatically impacts the lives of millions of individuals and businesses for whom banking benefits, such as loans, are not at reach.

As a response to this issue, Nassim Benzekri and his team developed CHECQIT, an Ethereum-based, decentralized, peer-to-peer lending platform that allows users to grow their collaterals against a fast-guaranteed loan.

“A borrower will have a fast access to his loan which will be issued only in CQT tokens. This loan will be backed by his own cryptocurrency deposit on the CHECQIT Wallet that is linked to the platform as a collateral in case of a non-payment of this same loan to its owner.”, states Nassim Benzekri, CEO at CHECQIT. “It should be possible that a borrower in India can obtain a loan in Canada, Japan, or Germany and vice-versa”, adds Benzekri.

This addresses the issue of unbanked and underbanked communities, but it also represents an alternative for people in countries with strong economies and ubiquitous bank presence, who simply do not trust traditional banking entities as they used to before the 2008 crisis.

Democratized finance and ease of access

CHECQIT’s mission is to connect users -or lenders- and borrowers via the CHECQIT lending platform. This platform will allow users to lend CQT tokens to borrowers, while getting rewarded with interest rates beginning at 3.9% per annum. Also, the CHECQIT platform will allow its users to hold CQT tokens to collect daily returns on the CHECQIT Wallet or CHECQIT Card, both of them integrated to the platform.

Users will have the opportunity to either lend CQT tokens to borrowers by fixing an interest rate and a desired contract duration, or by holding CQT tokens on his wallet to get dividends from platform fees. These dividends can then be automatically reinvested to further benefit from the powers of compounding, or withdrawn as fiat money in any ATM worldwide.

“The difference we have with other competitive platforms in the P2P lending field is our ultimate game-changing goal to allow our clients to benefit from fast access to their loans by depositing it directly on their CHECQIT Card, linked to the CHECQIT Wallet that will support Ethereum and ERC20 tokens”, said Benzekri.

A team of experts devoted to financial democracy is behind the innovative and constantly evolving CHECQIT platform. Important figures in the cryptocurrency industry such as Jonathan Lauziere, Board member and Treasurer of the Einstenium Foundation, are also contributing as advisors for the initiative.

CHECQIT tokens or CQTs will be available at CHECQIT’s first pre-sale starting February 21st, 2018 12pm (HNE) on their official website. They will be accepting ETH, LTC, BTC, BCH and BTG in exchange for their tokens and will also be offering a 40% bonus for early birds.

For more information about CHECQIT, visit https://checqit.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.

This week the Texas Department of Banking Commissioner, Charles G. Cooper, issued a cease and desist order to an alleged ‘decentralized cryptocurrency-bank’ called Arise Bank. The commissioner explains the startup unlawfully claims to be a banking institution and its operations must stop engaging with residents from the state of Texas.

Also read: US Financial Regulator Requests Crypto Trading Data From South Korea

Arise Banks Alleged Purchase of a Century Old FDIC Bank and Bitshares Connections

Back in December, some headlines started to spread on the web about a partnership between Arise Bank and a 100-year-old FDIC insured bank in the U.S. Arise Bank is an initial coin offering (ICO) that claims to have many strategic alliances. The news initially spread its wings when it was published on the popular online publication the Huffington Post, but the story has since been scrubbed. A copied version of the story still appears on the financial website Zerohedge.

Arise Bank claimed to be a “decentralized cryptocurrency bank” that offers a 100-page white paper, financial management services, debit cards, and an ICO. Further, Arise bank has associations with Bitshares community and the well-known developer Stan Larimer had also written about the project on Steemit. Unfortunately for Arise Bank, there’s a lot of people who question the legitimacy of its services and state that lots of its so-called operations are non-existent.

Texas Banking Commissioner: ‘Arise Bank Must Stop Implying That They Engage in the Business of Banking in Texas’

Now the Texas Department of Banking wants Arise Bank to cease its operations immediately and details that the startup has violated the state’s financial statutes.

“The Cease & Desist Order was based on the Commissioner’s finding that Arise Bank violated Texas Finance Code Chapter 31 by using the term “bank” in its name and marketing materials to imply that it is in the business of banking in this state — The order requires Arise Bank to cease and desist from implying that they engage in the business of banking in Texas. Arise Bank is further required to clearly disclose that they do not offer their services to consumers in Texas,” explains Commissioner Charles G. Cooper.

In accordance with Texas Finance Code §§ 31.005 and 35.207, Respondents are ordered to cease and desist from implying that they engage in the business of banking in Texas, whether through the website www.arisebank.com or any other online site or profile.

A Scam or a Victim of Libel and Slander?

Scouring the internet searching for information about Arise Bank shows a lot of forum and blog posts claiming Arise Bank is a “scam.” However, the startup’s founder Jared Rise and representatives from Arise Bank believe they are “victims of libel and slander.” One particular Medium blog post that aims to prove the project is fishy is questioned for starting the rumors regarding Arise Bank, and the company addresses each point written in the article.

The editorial basically states that Arise Bank’s operations are shady and much of what it claims doesn’t really exist.  

“A post has been circulating around the web that was posted by someone who was funded to post it with completely false information,” Jared Rice, the co-founder of Arise Bank explains. Rice believes the post is misleading and every issue raised contains data that can be “easily proven false.”

Texas Deputy Commissioner Says Arise Bank’s Dallas Offices Do Not Exist, While U.S. Regulators Plan to Sue the Startup

Rice has also responded to the Texas Banking Commissioners letter in a statement made on Steemit. The co-founder says the project is a decentralized banking entity and it will not comply with removing the word “bank” from the company name. Further, Rice claims that the SEC and FBI special agents raided his office drawing guns on a team of programmers who were coding all night.

“The software cannot be erased nor does the State of Texas have any sort of regulations that prevent any of our Texas-based users from storing cryptocurrencies on their computers or cellular devices using the Arise Bank platform,” explains Rice’s response to the cease and desist order.

Additionally, the U.S. Securities and Exchange Commission (SEC) is taking Arise Bank to court according to the SEC’s recently filed reports. The U.S. regulatory agency says Arise Bank’s operations are a “fraudulent offering” and none of Arise’s businesses have ever registered with the SEC. The public document details that the ‘decentralized bank’s’ promises were misleading to retail investors.

After Rice’s response, the deputy commissioner of the Texas Department of Banking, Bob Bacon, told the publication American Banker that Arise Bank is prohibited from using the word “bank” in its name unless it’s approved by the state. Additionally, Bacon explains in his interview that the Texas Department of Banking has tried to visit Arise Bank’s offices in Dallas but found the physical locations are non-existent.

What do you think about Arise Bank getting a cease and desist order for using the word “bank” in its name? Let us know what you think of this story in the comments below.

Images via Shutterstock, Arise Bank, Steemit, and the Texas Department of Banking. 

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 State of Texas Orders ‘Decentralized Bank’ ICO Project to Cease Operations appeared first on Bitcoin News.

Consumer data is a widely accessible at the moment. Currently, the way that consumer data is collected is through large centralized companies that obtain your data when you agree to its terms and conditions. Platforms like Facebook and websites that ask for personal information are then able to use the information collected however they want. You essentially waive any rights that you may have to that data. In turn that data is collected in mass and sold on to third parties for profit.

APEX wants to give the power of consumer data back to the consumer. They want to allow consumers the opportunity to monetize their data directly and take the power of data collection away from centralized forces and place them on the blockchain.

APEX aims to change the fundamental flow and structure of consumer driven data. They are building a Business to Consumer (B2C) platform that will allow the consumers to sell their data directly to businesses themselves. APEX is built on the NEO blockchain. The crowdsale date is currently set at January 29th, 2018 (China Standard Time), with 1 NEO: 130.50 USD. The total allocation for the crowdsale is $5.2M, with 10,000 whitelisted participants.

The consumers will use the CPX wallet application and will interact with the brands and businesses there. They will have full control over their data as well as where it will be used and who can buy it. In return, the consumers gets rewarded in CPX tokens, which allow them open market through an exchange.

This platform, which was developed by Chinapex, has already proved itself as an existing enterprise solution with over 250 clients making use of it. It will allow the brands to analyse the data that they have acquired and more appropriately filter for the data that could be of interest to them.

About APEX:

APEX is a blockchain-powered data and interactions exchange that passes value and data ownership back to the consumer, as well as increasing market effectiveness, data quality, and customer loyalty for the enterprise experience.

About Chinapex:

Chinapex is a customer data technology and AI company headquartered in Shanghai with offices in Beijing, Hong Kong and Silicon Valley. Clients that have been on their roster include BMW, Standard Chartered, and Casio.

There are also a great number of partnerships of the APEX project such as Azure and AWS that help deploy their off-chain solution in NEXUS. There are also a number of other partnerships with some of the biggest names in technology in China. These include collaborations with companies such as Baidu, Oracle, Tencent and WeChat.

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.

FOMO Moments

The picture is pretty bleak during this morning’s Asian trading session. South Korea’s blockade of anonymous trading accounts has caused another selloff and a sea of red confronts traders today. It is that bad that we have to go a long way down the list, which is all hemorrhaging, to find an altcoin in the green.  It happens to be one that performed well a couple of days ago, Populous.

According to Coinmarketcap PPT is the only crypto asset in the top 60 that is in the green. Currently trading at $73 it is up 9% on the day and has made strong progress all week. Seven days ago PPT was trading at $47 so it has increased by over 50% in a week that has seen all of its brethren shed value. The charts indicate that PPT made an all-time high of just under $75 two days ago and is approaching that level once again.

The planned end of month beta invoice finance platform launch could still be generating interest and investment in this coin. It has a total market capacity of $2.6 billion, double the $1.3 billion it had on December 31. Hong Kong based Binance is showing the greatest volume of trade at the moment with almost 90% of the total.

Looking at the rest of the sorry state of the markets we can find an altcoin that has taken the least damage during this morning’s big sale. In the top ten only Ethereum has fallen by less than 6% and is currently trading at $1,077. Many of the other coins are showing double figure declines with NEO, NEM and Cardano taking the biggest hits at the time of writing.

A blood moon will rise tonight across Asia; it may be an omen as it has been a bloody morning on the crypto markets here.

FOMO Moments is a new section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and fundamentals. 

The post Morning Asian trading roundup: the leading altcoin is Populous appeared first on NewsBTC.

Today, January 30, the international p2p-platform Eticket4, with which you can buy tickets in the secondary market for any event, announces the launch of Pre ICO. During crowd sale, which will last till February 21st, utilities-tokens ET4 will be on sale.

ET4 tokens will allow their owners to get a number of advantages when buying or selling tickets through the ETicket4 platform. Thus, with the ET4 token, customers will be able to receive discounts up to 100% of the ticket price, and sellers will have access to the extended functionality of the analytical cabinet. So, when, for example, tickets for the football World Cup are paid with tokens, the buyer receives a 20% cashback, while paying for tickets to any other events – 10%.

To join ETicket4 and to participate in its Pre ICO, users may send BTC (Bitcoin) or ETH (Ethereum) and receive ET4 tokens in return at a price of 1/1000 ETH per token. Those who buy tokens in the first five days of Pre ICO will receive a discount of 8%. Also bonuses are provided depending on the volume of investments and can reach 30% discount.

ETicket4 is an international secondary ticketing platform developed by Russian-Israeli entrepreneurs in 2015. Being an intermediary between various entities involved in the ticket reselling process, the platform serves as a guarantor of transaction security, tickets’ validity, timely payment and delivery.

ETicket4 has an annual turnover of $2 million and already provides tokens with real, rather than speculative, liquidity. During the FIFA Confederations Cup ticket selling period ETicket4 successfully entered the CIS countries and Eastern Europe markets having sold more than 80,000 tickets for the Cup matches and major performers’ shows.

ETicket4 already provides high speed and transparency of transactions in the secondary ticket market. This is an active and successful business: the platform was launched in the fall of 2016, through it more than 80 thousand tickets were sold, more than 3500 professional brokers were registered, and the annual turnover is more than $ 2 million. The service is not only an intermediary, but also a guarantor of transaction security, authenticity tickets, timely payment and delivery. In the long term, the company plans to scale its business in Europe and the US.

Right now the project team is already working on a loyalty program at the core of the token economy, forecasting prices in the secondary market with the help of the neural network, forward contracts for brokers, and general expansion of the platform functionality with the help of blockchain technologies. The participants of the platform have the opportunity to forecast changes in ticket prices and choose the most favorable time for the transaction. Forward contracts and analytical tools for brokers reduce the risks of not selling tickets purchased, and our experience in conducting safe transactions will allow users not to be afraid of fraud.

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.