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Spanish Government Eyes Tax Benefits for Crypto Companies

Spain’s ruling political party is reportedly drafting legislation that it hopes will help woo cryptocurrency and blockchain companies to the country.

Spain’s ruling political party is reportedly drafting legislation that it hopes will help woo cryptocurrency and blockchain companies to the country.

Ripple Price Technical Analysis – XRP/USD’s Downsides Remain Supported

Key Highlights Ripple price traded as high as $1.1024 before starting a downside correction against the US dollar. Yesterday’s highlighted ascending channel with current support at $1.0080 is intact on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair may extend the current decline, but it is likely to find support … Continue reading Ripple Price Technical Analysis – XRP/USD’s Downsides Remain Supported

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Key Highlights

  • Ripple price traded as high as $1.1024 before starting a downside correction against the US dollar.
  • Yesterday’s highlighted ascending channel with current support at $1.0080 is intact on the hourly chart of the XRP/USD pair (data source from SimpleFx).
  • The pair may extend the current decline, but it is likely to find support near $1.0000 and $1.0080.

Ripple price is currently correcting lower against the US Dollar and Bitcoin. XRP/USD remains well supported on the downside above the $1.00 handle.

Ripple Price Support

Recently, we saw a nice upside move in Ripple price above the $1.00 level against the US Dollar. The price traded above the $1.10 level and formed a high at $1.1024. Later, a downside wave was initiated and the price moved below the 23.6% Fib retracement level of the last wave from the $0.9136 low to $1.1024 high. However, there are many supports on the downside such as $1.0000 and $1.0080.

More importantly, yesterday’s highlighted ascending channel with current support at $1.0080 is intact on the hourly chart of the XRP/USD pair. The pair extend the current correction pattern, but the channel support and $1.00 are major buy zones. Furthermore, the channel support is near the 50% Fib retracement level of the last wave from the $0.9136 low to $1.1024 high. The last but not the least, the 100 hourly simple moving average is also positioned around the channel support and $1.00 to prevent declines.

Ripple Price Technical Analysis XRP USD

Therefore, the $1.00 handle is a major buy zone. A break below $1.00 could push the price back in the bearish zone. On the upside, an initial resistance is at $1.10. Above $1.10, the price has to surpass $1.15 for more gains.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is currently reducing its bullish slope.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is struggling to stay above the 50 level.

Major Support Level – $1.0000

Major Resistance Level – $1.1100

 

Charts courtesy – SimpleFX

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Bitcoin Comes Out On Ellen DeGeneres Show, Mainstream Exposure

Ellen DeGeneres has presented a ‘hilarious’ send-up of it on her highly popular talk show, taking bitcoin and cryptocurrencies to a different level of mainstream exposure. The fact that Ellen stood in front of her audience and did a partial breakdown on how cryptocurrency works using the image of an adorable baby goat shows how … Continue reading Bitcoin Comes Out On Ellen DeGeneres Show, Mainstream Exposure

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Ellen DeGeneres has presented a ‘hilarious’ send-up of it on her highly popular talk show, taking bitcoin and cryptocurrencies to a different level of mainstream exposure.

The fact that Ellen stood in front of her audience and did a partial breakdown on how cryptocurrency works using the image of an adorable baby goat shows how far out of the shadows bitcoin has come.

Bitcoin has Moved into Mainstream Media

Not long ago Bitcoin was talked about in the same hushed tones as the dark web and was only mentioned in the media as the currency of cybercriminals. It was how international drug dealers and human traffickers funded their criminal empires.

Today though references to Bitcoin have become commonplace in the news cycle and as fodder for comedy shows.

The general premise of which is that cryptocurrency is a little-understood, nerd based system of trading pseudo-money. Good for a laugh but in the end just another fad that will surely pass along like Zumba or the pet rock.

Though most of the send-ups of Bitcoin are about as tin can as the Ellen breakdown where she simply glosses over the system with a shoulder shrug and an eye roll to elicit laughs there have been some genuinely hilarious skits that deal with the complexity of Blockchain technology.

Still a Laughing Matter

A fake commercial for Bitcoin that aired on the Seth Meyer show presented three women having coffee and playing cards when one goes into the most abstract breakdown of digital currency, Blockchain and the crypto market your likely to hear outside of a Reddit thread while one friend pretends to understand every nuance and the other becomes incredulous about the jibberish.

Likewise the often subversive and consistently off-kilter Conan O’Brien aired a breakdown of Bitcoin by its founder ‘Marcus Ortman’ who rambles away using half technical, half new age lingo, even at one point parsing the famous flat circle speech from True Detective. Finally, Conan tries to corner him on giving a straight answer. At which point Ortman throws a smoke bomb and tries to disappear but can’t even get that right.

Bitcoin has moved out the murky depths of the dark web to the spotlight of mainstream media even if it’s only to be either derided or laughed at. Whether it be grumpy old billionaires calling it “Poisonous” and “asinine” or comedians poking fun at the complex technology the message is clear. Bitcoin is a thing for tech weirdos, like dungeons and dragons.

That is until the next phase. I imagine the first blockbuster movie starring the muscle guy (I’m talking to you Dwayne Johnson) and his sexy female sidekick tracking down the evil cyber criminal who made off with the all the cryptocurrency raised to help the orphans isn’t to far off.

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Bitcoin Price Technical Analysis for 02/16/2018 – One More Hurdle to Clear

Bitcoin Price Key Highlights Bitcoin price has broken past its inverse head and shoulders pattern neckline to show that an uptrend is in the cards. Price is hitting another upside barrier at its descending trend line, though, and this might prompt profit-taking. Technical indicators are also suggesting that the rally is overdone. Bitcoin price is … Continue reading Bitcoin Price Technical Analysis for 02/16/2018 – One More Hurdle to Clear

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Bitcoin Price Key Highlights

  • Bitcoin price has broken past its inverse head and shoulders pattern neckline to show that an uptrend is in the cards.
  • Price is hitting another upside barrier at its descending trend line, though, and this might prompt profit-taking.
  • Technical indicators are also suggesting that the rally is overdone.

Bitcoin price is testing the descending trend line on its 4-hour time frame, and moving past this hurdle could mean more gains.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance is to the downside. This suggests that the downtrend is more likely to resume than to reverse.

The 200 SMA also lines up with the descending trend line to add to its strength as resistance. This means that it would take a strong catalyst to trigger and sustain an upside break.

Stochastic is indicating overbought conditions, though, so selling pressure could still pick up. Similarly, RSI is in the overbought region and looks ready to turn lower, so bitcoin price might follow suit.

Market Factors

Bitcoin price has drawn a lot of support from easing regulatory concerns, stemming from the US Senate hearing and remarks from South Korean officials suggesting that they are open to introducing something like BitLicense.

Recall that Commodity Futures Trading Commission Chair Christopher Giancarlo and Securities and Exchange Commission Chair Jay Clayton mentioned that they have no plans on banning bitcoin. Instead they plan on regulating the industry without quashing development.

More positive updates like these could help improve the sentiment in the industry. Apart from that, the continuation of risk-taking in higher-yielding assets like stocks and commodities has also benefitted bitcoin.

Besides, the move all the way to the $10,000 area of interest could bring more buying interest as this could signal an end of the correction. A sustained move past the next $12,000 area of interest could confirm that buying momentum is in play, attracting even more buyers.

 

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As Bitcoin Soars, So Do Coinbase Customer Complaints – CoinDesk


CoinDesk

As Bitcoin Soars, So Do Coinbase Customer Complaints
CoinDesk
It was around midnight, January 31, when K. received an email from Coinbase containing a 1099 tax form. That was strange enough – K. certainly didn’t expect a cryptocurrency exchange to be a conduit for government documents. Then K. looked at how much

and more »


CoinDesk

As Bitcoin Soars, So Do Coinbase Customer Complaints
CoinDesk
It was around midnight, January 31, when K. received an email from Coinbase containing a 1099 tax form. That was strange enough - K. certainly didn't expect a cryptocurrency exchange to be a conduit for government documents. Then K. looked at how much ...

and more »

As Bitcoin Soars, So Do Coinbase Customer Complaints

In recent weeks, Coinbase users have voiced a litany of complaints about the U.S. mega-exchange: missing wires, unreleased bitcoin, disabled accounts.

In recent weeks, Coinbase users have voiced a litany of complaints about the U.S. mega-exchange: missing wires, unreleased bitcoin, disabled accounts.

Ethereum Price Technical Analysis – ETH/USD Eyes More Upsides

Key Highlights ETH price is rising and is currently trading above the $920 level against the US Dollar. There is a key bullish trend line forming with support at $890 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair may continue to rise and it could even break the recent high of … Continue reading Ethereum Price Technical Analysis – ETH/USD Eyes More Upsides

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Key Highlights

  • ETH price is rising and is currently trading above the $920 level against the US Dollar.
  • There is a key bullish trend line forming with support at $890 on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The pair may continue to rise and it could even break the recent high of $936 for more gains.

Ethereum price is trading with bullish price action against the US Dollar and Bitcoin. ETH/USD may soon break the $935-940 levels to gain further upside momentum.

Ethereum Price Support

There were bullish moves above $860 during the past few sessions in ETH price against the US Dollar. The price was above the move above the $900 and $910 resistance levels. It traded as high as $936 and is currently consolidating gains. It moved down once and traded below the 23.6% Fib retracement level of the last wave from the $868 low to $936 high.

However, the downside move was limited and the pair found support near $890-900. Moreover, the 50% Fib retracement level of the last wave from the $868 low to $936 high acted as a support. There was an upside reaction and the price moved back above the $910 level. On the downside, there is a key bullish trend line forming with support at $890 on the hourly chart of ETH/USD. The pair is trading with a positive bias above the $920 level. Any dips from the current levels remain supported around the $900 and $890 levels.

Ethereum Price Technical Analysis ETH USD

On the upside, the pair may soon move above the $935 level once again. Once it break $935, it could even move above the $950 level. Further above $950, there could more gains toward the $980 level.

Hourly MACD – The MACD has slightly reduced the bullish slope, but it is still positive.

Hourly RSI – The RSI is once again moving higher after testing the 50 level.

Major Support Level – $900

Major Resistance Level – $935

 

Charts courtesy – SimpleFX

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Bitcoin Cash Price Technical Analysis – BCH/USD Zooms Above $1,400

Key Points Bitcoin cash price surged higher and it was able to break the $1,400 resistance against the US Dollar. There is a major bullish trend line forming with support at $1,350 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently correcting lower, but it remains well supported on the … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Zooms Above $1,400

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Key Points

  • Bitcoin cash price surged higher and it was able to break the $1,400 resistance against the US Dollar.
  • There is a major bullish trend line forming with support at $1,350 on the hourly chart of BCH/USD (data feed from SimpleFX).
  • The pair is currently correcting lower, but it remains well supported on the downside at $1,380.

Bitcoin cash price is gaining upside momentum above $1,400 against the US Dollar. BCH/USD may correct in the short term, but it remains in an uptrend.

Bitcoin Cash Price Uptrend

There were continuous gains in bitcoin cash price from the $1,300 swing low against the US Dollar. The price was able to move above two important resistance levels at $1,365 and $1,380. It cleared the path for an upside push above the $1,400 resistance. There was a major upside move and the price even traded above the $1,450 level and formed a high near $1,476.

A downside correction is underway from the $1,476 high, but the price is well above the 100 hourly simple moving average. An initial support on the downside is around the 23.6% Fib retracement level of the last wave from the $1,295 low to $1,476 high. There is also a major bullish trend line forming with support at $1,350 on the hourly chart of BCH/USD. The pair remains well supported on the downside around the $1.400 and $1,380 levels. Moreover, the 50% Fib retracement level of the last wave from the $1,295 low to $1,476 high is around $1,385.

Bitcoin Cash Price Technical Analysis BCH USD

Therefore, the $1,380-1,400 levels are decent supports. On the upside, the price may resume it uptrend above the $1,460 level. Above the recent high of $1,476, the price could even break the $1,500 level.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is correcting lower from the overbought levels.

Major Support Level – $1,380

Major Resistance Level – $1,475

 

Charts courtesy – SimpleFX

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Asian Altcoin Trading Roundup: Top Cryptocurrency is VeChain

FOMO Moments Xīn nián kuài lè, Happy New Year. It is the year of the dog but the bulls seem to be dominating the markets this morning in Southeast Asia. Most cryptos are trading higher today with the exception of Litecoin which has cooled off a little from its two day surge. Bitcoin has broken … Continue reading Asian Altcoin Trading Roundup: Top Cryptocurrency is VeChain

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FOMO Moments

Xīn nián kuài lè, Happy New Year. It is the year of the dog but the bulls seem to be dominating the markets this morning in Southeast Asia. Most cryptos are trading higher today with the exception of Litecoin which has cooled off a little from its two day surge. Bitcoin has broken through the $10k barrier and its siblings are hanging on for the ride. One coin is of course trading higher than the rest this morning and that is VeChain.

According to stats from Coinmarketcap VEN is up 15% on the day. The token is currently trading at $5.82, up from $5 this time yesterday, over the week it has shown a 42% climb from just over $4. VEN spiked to an all-time high of $9.37 on January 22 and has been falling ever since until a turnaround on February 14.

VeChain

VeChain claims to be a product based crypto which has implemented blockchain solutions across various industries such as luxury goods, liquor and agriculture. The concept is to ensure quality and transparency for luxury brands and products to battle against a growing black market of counterfeit goods. Customers can use the system to claim ownership of luxury items which will be entered into their distributed ledger.

The company is set to rebrand on February 26 at a flamboyant event in Singapore. VEN tokens will be converted into VET tokens to reflect moving to a new advanced blockchain called VeChain Thor. This is likely to have spurred greater interest in the altcoin which is currently outperforming all others in the top 25.

VeChain is largely traded on Binance which has over 50% of the volume, $135 million of which has passed hands in the last 24 hours. VeChain is currently at 17 in the market capacity charts with a total cap of $2.7 billion. There is a total supply of 873 million tokens with 470 million currently circulating.

The only other altcoin enjoying double digit increases in Asia this morning is Bitcoin Cash, up an impressive 13.7% on the day.

More on VeChain can be found here: https://www.vechain.com/

FOMO Moments is a 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. 

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Cryptocurrency Exchange Coinbase Glitch Overcharges Users, Investigation Ongoing

Coinbase has admitted that a glitch in its system has been overcharging customers for several days, even after investors posted complaints on content sharing platforms like Reddit about being charged multiple times for a single transaction. Overcharged Coinbase Customers Vent on Reddit San Francisco’s Coinbase is the leading cryptocurrency wallet and brokerage which also oversees Global … Continue reading Cryptocurrency Exchange Coinbase Glitch Overcharges Users, Investigation Ongoing

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Coinbase has admitted that a glitch in its system has been overcharging customers for several days, even after investors posted complaints on content sharing platforms like Reddit about being charged multiple times for a single transaction.

Overcharged Coinbase Customers Vent on Reddit

San Francisco’s Coinbase is the leading cryptocurrency wallet and brokerage which also oversees Global Digital Asset Exchange (GDAX), and up until recently, a trusted destination to buy, trade and sell bitcoin and other digital currency.

Coinbase officially admitted to the glitch on February 15, responding to the outrage of customers posting on Reddit that a problem in their system has been creating multiple charges for single transactions.

“[Coinbase] drained my bank account and now I have nothing,”

One user cried out on Reddit.

“Welp officially broke, charged 17×1000$ on my account,”

said another user.

Coinbase reacted, posting directly to Reddit yesterday.

“We can confirm that the unexpected charges are originating from our payment processing network, and are related to charges from previous purchases. To the best of our knowledge, these unexpected charges are not permanent and are in the process of being refunded.”

Soon after this post though Coinbase released another statement passing the buck.

Coinbase Traces Problem to New MCC Code

“We have confirmed that this is an issue occurring downstream from Coinbase, and we’re working with those parties to reach a resolution.”

Ultimately the exchange blamed the way credit-card companies have changed their policies for buying cryptocurrency. Now treating the purchases as cash advances, carrying all of the fees and higher percentages along with them.

They detailed the situation in a statement given to The Next Web.

We’re currently investigating an issue where some customers were charged incorrectly for purchases of digital currency with credit and debit cards.

This is related to the recent MCC code change by the card networks and card issuers charging additional fees. We have identified a solution and future purchases will not be affected. We will ensure any customer affected by this issue is fully refunded. We expect these refunds to happen for customers automatically through their bank.

If you believe you were affected by this issue, please contact [email protected]. We will be reviewing all card transactions from the last few weeks to ensure all affected customer are notified. We will post on Twitter and our blog with further updates.

Coinbase said the affected time period is from Jan.22 through Feb 11, when transactions may have been reprocessed multiple times resulting in erroneous charges.

 

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AgroTechFarm ICO: Presale Starts in Less than 24hrs

AgroTechFarm is a company that specializes in automated indoor grower appliances. Their growers are ideal for anyone keen on having fresh organic fruits and vegetables straight from their own kitchen! Background The man with the idea was Ilya Tsigvitsev. He suffered from health issues caused by the poisonous chemicals used constantly by farmers on their crops for looks and size. Even at the local farmers market, he struggled to find clean produce. He knew also that farmers were not evil. Picture the Russian winter. Now, imagine trying to make anything grow. Conditions are unbearable for any vegetables out there. This

AgroTechFarm is a company that specializes in automated indoor grower appliances. Their growers are ideal for anyone keen on having fresh organic fruits and vegetables straight from their own kitchen!

Background

The man with the idea was Ilya Tsigvitsev.

He suffered from health issues caused by the poisonous chemicals used constantly by farmers on their crops for looks and size. Even at the local farmers market, he struggled to find clean produce. He knew also that farmers were not evil.

Picture the Russian winter. Now, imagine trying to make anything grow. Conditions are unbearable for any vegetables out there.

This is how he came up with the idea of indoor farming.

Hydroponics is superior than soil growing. This is well known. Plagues and bacteria that attack plants can’t be found in the water, so this way is safer. Combining hydroponics with computing technology, and armed with a heap of research, Ilya created his concept.

This is how the ATF homegrower started its journey.

ATF Grower model Cannabis

Cannabis, and especially CBD oil are lifesavers for many people. But users are stuck in a problem.

Most growers undergo certification, but if they’re not organic certified, you can never be sure whether the crop is 100% clean.

Medicinal cannabis users may often prefer to ingest it, kids especially. And when using it for health purposes, the dosing is usually much higher than it is for recreational uses.

A higher, ingested dose of a product that has been sprayed with toxic substances is NOT what medicinal users need. If you’re ingesting the oil, a concentrated extract, purity becomes essential.

So, with cannabis, just like veggies, organic is better

The ATF Homegrower is completely autonomous once the seeds are planted. Any adjustments can be made through the app. Light hours, irrigation, nutrients and other processes are all controlled by the software.

All you have to do yourself is planting the seeds and harvesting the goods.

Do let the name trick you though. The model Cannabis is just as suitable to grow any

other tall crop like peppers and tomatoes.

AgroTech Farm also have a model Strawberry that can grow up to three different smaller crops like strawberries, herbs and a dozen other veggies for your salad.

Check out the devices in this video!

https://www.youtube.com/watch?v=NY7OmiwMAsk

Why an ICO?

AgroTechFarm already is an already registered enterprise and has an industrial facility in Canada.

So why do they need to raise money?

If ATF starts operating now, they will be able to meet only part of the demand. However, this industry is quite attractive and is quickly getting crowded. The team know their model is superior, but if demand is not met, people will inevitably switch providers.

The aim of the ICO is to provide a significant capital injection to fund mass production in record time, so that ATF can serve all of its clients from the get-go.

During the ICO at most 1 060 000 ATF token will be distributed. Presale Hard-Cap is 500 ETH and the total cap is 10 000 ETH. The smart contract is mintable and there’s no limit on the amount of tokens a single user can purchase.

With this funding, they’ll be able to not just enter the market. They’ll conquer it.

Their incentives are quite good

The Presale starts on February 16th, 2018 at 00:01 UTC, with a 50% bonus. It will last until February 23th, 2018 23:59 UTC. The main stage of ICO begins on the next day at 00:01 UTC and will be live until March 24th, 2018 at 23:59 UTC.

You not only get a bonus. One of the cool benefits ATF offers is the option to exchange tokens for shares. In case the company goes for a public offering, 30% of the issued shares will be made exclusive for token holders, and they’ll be able to just convert them.

Each year, ATF will repurchase tokens for 35% of profits. The date, of course, will vary and there will be no announcement to prevent market making. For grower buyers, 10 ATF tokens give you priority delivery and a 250 USD discount per grower.

Indoor farming for all.

The ATF grower has killer functionality, full automation and looks sleek and modern. The team has been developing and working with this tech for decades.

The token offers a variety of benefits for each type of investor, whether you’re a Cannabis enthusiast, a medicinal user or you’re just looking to invest in the next cool thing.

Also, the structure of the ICO is simple and straightforward, so you’ll have no problem getting around.

The whitepaper is easy to read and understandable too, so check it out!

Pay ATF a visit on their website and join the talk at Telegram! The group already has more than 7k members!

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.

Blockchain Start Up Cool Cousin Welcomes Former Yelp Exec to its Advisory Board

Cool Cousin has announced the recruitment of Pete Hancock as one of its advisors. Hancock who was formerly the Vice President of Sales at Yelp, having joined the company in 2006 as employee #20, was instrumental to Yelp’s fast and massive growth. During his 11 years at Yelp, Hancock led key initiatives in sales, sales training and office expansion as the company scaled dramatically, growing quickly to over 4,350 employees and $713M in revenue in 2016. Prior to Yelp, he held various sales and management positions at Black & Decker and completed a B.S. in Business Marketing and Management at

Cool Cousin has announced the recruitment of Pete Hancock as one of its advisors.

Hancock who was formerly the Vice President of Sales at Yelp, having joined the company in 2006 as employee #20, was instrumental to Yelp’s fast and massive growth.

During his 11 years at Yelp, Hancock led key initiatives in sales, sales training and office expansion as the company scaled dramatically, growing quickly to over 4,350 employees and $713M in revenue in 2016. Prior to Yelp, he held various sales and management positions at Black & Decker and completed a B.S. in Business Marketing and Management at the University of Delaware.

A well aligned approach

On his new appointment, Hancock believes that while it will not be easy to disrupt the entrenched travel industry, I believe that Cool Cousin’s decentralized approach clearly aligns the interests of travelers with that of the company and the community.

“I look forward to advising and supporting Cool Cousin as they develop their business and monetisation strategy in the massive $2.3T travel industry, says Hancock. “There are many exciting opportunities ahead as they build a new marketplace between travelers and locals, develop partnerships with existing companies in the travel space, all while ensuring the community’s values and company’s principles come first”.

The Cool Cousin team is excited about Hancock’s addition, and believe that his experience will be of utmost benefit as the company tackles head-on some of the biggest problems facing the travel industry such as mistrust of online review content, a problem that Hancock knows very much about from both the perspective of a traveler and a senior executive at Yelp.

Taking on the industry

Hancock’s experience in building one of the world’s biggest network-based companies will also help the Cool Cousin team take on the US market, developing crucial business relationships and shaping the sales department.

While it will not be easy to disrupt the entrenched travel industry, Hancock believes that Cool Cousin’s decentralized approach clearly aligns the interests of travelers with that of the company and the community.

“All are on even footing, and together we have the opportunity to build an important marketplace and big business, and all will benefit”, he notes.

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.

Indonesia-Based Car Rental Company Frasindo Join the Cryptocurrency World with Launch of FRASCOIN and CARCOIN

Bitcoin Press Release: Frasindo; Indonesia’s rapidly expanding car rental company is set to break into the Cryptocurrency market with the launch of their Fras Coin token.   15th February 2018, Jakarta, Indonesia – The recent and unprecedented speed at which the Blockchain community has expanded has given birth to some wonderful and innovative ideas, however, it is not without its pitfalls. The dedicated team at Frasindo have conducted extensive research into the Cryptocurrency industry and highlighted key issues surrounding the market. Understanding that the current Cryptocurrency ecosystem is awash with extreme volatility, combined with a total lack of regulation; Frasindo

Bitcoin Press Release: Frasindo; Indonesia’s rapidly expanding car rental company is set to break into the Cryptocurrency market with the launch of their Fras Coin token.  

15th February 2018, Jakarta, Indonesia – The recent and unprecedented speed at which the Blockchain community has expanded has given birth to some wonderful and innovative ideas, however, it is not without its pitfalls. The dedicated team at Frasindo have conducted extensive research into the Cryptocurrency industry and highlighted key issues surrounding the market.

Understanding that the current Cryptocurrency ecosystem is awash with extreme volatility, combined with a total lack of regulation; Frasindo incentivised a solid concept, designed to defend investors and protect their investments.  

The Birth of Frasindo

Frasindo’s solution to the many issues surrounding the cryptocurrency market is to provide a coin with its foundations backed by physical assets in the form of vehicles. These vehicles provide the routine income from which Frasindo was built. The company has already secured prestigious partnerships with the dominant ride sharing companies operating within Indonesia.

Frasindo provide a multitude of vehicles for Uber, Grab, and Go Car as Online Taxi. The investments generated from the purchase of Fras Coins will allow Frasindo to continue the expansion of their rental armada and the different start-up projects submitted by community. It is ensuring the coin will always be backed by physical assets, and gave birth to a lot of start-up projects at the same time, in which those projects will generating child-tokens and be free giveaway to Fras Coins holders.

Gaining the Trust of Investors

Aspiring to set themselves apart from the various alt coins available, Frasindo has implemented true community governance in which provide true transparency to their investors.

Once an investor has acquired the Fras Coin token they will be given the opportunity to download the Frasindo App which will allow the users to view the 24-hour cameras fitted to Frasindo office, track the GPS location of the vehicles and also view the onboard cameras.

This will allow investors to get a constant view of how Frasindo operates and expands. Frasindo also has a voting mechanism in place which will allow investors to vote or submit their own ideas, on the next course of action for the company expansion as stated by their roadmap expansion plan.

Free Car Hire

Frasindo see innovation as the key to the success of their business and as such they continue to visualize and expand upon various ideals. Their most recent implementation is a reward system which will be both beneficial and exciting to their investors.

Introducing the ‘Car Coin’ voucher as a reward for investors. ‘Car Coin’ vouchers will be given out daily to Fras Coin holders who meet certain criteria. Car Coin enables:

⦁ Free Car Usage

⦁ Free Drivers

⦁ Free Tour + Guides

⦁ Free Accommodation

⦁ Free Food

⦁ Free Entry (to some events)       

Frasindo Token Sale

Fras Coins’ crowd sale will begin on February 15th 2018 and will run until April 15th 2018. There are varying percentages of bonuses available depending on which round of the crowd sale you participate in. 1 Fras Coin  will be valued at $0.14 USD. Fras Coin team will accept Ethereum and Bitcoin.

To learn more or participate in the crowdsale visit: https://www.frasindo.com/

Connect on Telegram: https://t.me/FRASINDO

Meet the team: https://www.frasindo.com/media/category/members/

View the Whitepaper: https://drive.google.com/file/d/1jWnP6nWK7omHNZZp4iUrhSAJu3BifGwt/view

Connect on Facebook: https://www.facebook.com/frasindo/

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