Day: February 26, 2018

Apple co-founder Steve Wozniak says he once lost seven bitcoin, worth more than $71,000 today, to a ruse involving a stolen credit card number.

Apple co-founder Steve Wozniak told the Economic Times’ Global Business Summit that he had seven Bitcoin stolen from him through credit card fraud. The 67-year-old recounted the incident to a packed room at the event in New Delhi on Saturday 24 February.

Bitcoin’s Purity Appealed to Wozniak

Wozniak told the summit that he had originally bought Bitcoin as an experiment. He didn’t see it as an investment. He was drawn to the cryptocurrency because of the freedom from manipulation it promised:

“Bitcoins to me was a currency that was not manipulated by the governments. It is mathematical, it is pure, it can’t be altered.”

He decided to buy BTC when the price was around $700. He began to look into where he could use the currency:

“I had them so that I could someday travel and not use credit cards, wallets or cash. I could do it all on Bitcoin. I studied which hotels and facilities accepted Bitcoin… it’s still very difficult to do so. I also tried to buy things online and trade Bitcoin online.”

However, after making his initial purchase, he determined that he was spending far too much time looking at the price. The impulse to constantly check his gains stressed him and he determined he would cut his experiment short by selling his BTC. He arranged the sale with an unknown party online. He told the summit:

“The blockchain identifies who has bitcoins… that doesn’t mean there can’t be fraud though. I had seven bitcoins stolen from me through fraud. Somebody bought them from me online through a credit card and they cancelled the credit card payment. It was that easy! And it was from a stolen credit card number so you can never get it back.”

Wozniak’s story highlights the dangers of selling Bitcoin using certain methods. Peer-to-peer trades that involve credit cards or eWallet-like services such as PayPal and Neteller can be charged back to the original sender. They, therefore, represent a high-risk category of payment methods for the purposes of selling cryptocurrency. As such, peer-to-peer trades are much safer when handled with cash or direct bank transfer.

However, cash-settled trades present their own problems. There have been numerous cases of trades being arranged in person that turned out to be hold-ups. A recent example in Taiwan involved the robbery of over US$170,000 worth of BTC. A gang had arranged an online trade with the victim. The two parties met and the seller was assaulted and forced to transfer Bitcoin from his phone to a wallet under the attackers’ control.

Generally speaking, it’s much safer to make a sale of cryptocurrency using an established and trusted service than it is to arrange a trade through a peer-to-peer platform. Despite services like LocalBitcoins offering an escrow function when making a sale, a credit card or eWallet payment can be charged back after the Bitcoin is released from the escrow. Since the buyer is probably using a fraudulent card or account, it’s then impossible to get either the Bitcoin or fiat money owed back.

The post Steve Wozniak: “I Had Seven Bitcoins Stolen From Me Through Fraud.” appeared first on NewsBTC.

The Shping Token Crowdsale is now live and will continue until the end of day, March 23rd 2018 or until sold out.

Shping is an innovative, shopper-marketing ecosystem that enables participating brands and organisations the opportunity to reward shoppers who use the Shping app with a new cryptocurrency called Shping Coin.

The Shping Token Presale was a hit, reaching a hardcap of US$3m three days before its scheduled end date. Since then, Shping has engaged a growing community and has drawn the attention of media from around the world.

Shping Coin is an ERC-20 compliant cryptocurrency that enables brands, retailers and associated organisations to utilise the innovative shopper marketing and brand protection platform to influence and reward consumers to make smarter, safer and more rewarding shopping choices.

Buyers in the Crowdsale will be eligible for bonus Shping Coins and/or Shping Platinum Status for life, an exclusive privilege to be offered only during the Token Crowdsale. 

Platinum Status is an exclusive privilege offer where users of the Shping App will receive a multiplier effect to earn Shping Coins as rewards when performing standard interactions.

Token Buyers will receive Shping Coins in their account as soon as the transaction has been finalised but will not be able to move the tokens until the Crowds Sale has concluded. If a Token Buyer is also a participating brand, they may start using their SHPING on the platform to fuel their campaigns.

Through Shping, shoppers would initiate brand engagement by scanning product barcodes to receive relevant and timely information (e.g ingredients, recall status and authenticity) about a product before they purchase. They are then rewarded for their attention with a cryptocurrency called Shping Coin.

“This makes engaging with promotional material mutually beneficial and less wasteful for both brands and consumers alike,” said Shping’s Chief Executive Officer and founder, Gennady Volchek.

“Brands and retailers will also be rewarded with SHPING when they integrate the cryptocurrency as part of an in-built loyalty program.”

“Tokenised marketing models like ours is fair for all and we believe that is the future.”

To sign up and take advantage of the Shping Crowdsale head to tokensale.shping.com

About Shping

Shping started its life as Authenticateit in 2012. Concerned about the growing threat of counterfeit and unsafe products entering legitimate retail situations, Shping’s founders developed a robust ecosystem to help organisations verify the authenticity of products through the supply chain up to the point of purchase.

Today, Shping has evolved into a powerful, all-round brand protection, marketing and consumer engagement platform. Fuelled by product information supplied by brands, retailers, government institutions, certification agencies, customs, product recall portals and GS1, Shping’s Global Product Database is set to become the largest of its kind in the world.

Shping has recently added a revolutionary cryptocurrency-based reward system to allow product brands, retailers and related organisations to reward consumers who use the innovative Shping App to help them make smarter and safer shopping decisions.

More info on the Shping Token Sale:

Bonus Shping Coins are calculated as a percentage of the tokens purchased for the designated period of the Token Crowdsale, and are awarded free of charge. For example, a Token Buyer wishing to purchase 100,000 Shping Coins on Day 1 of the Token Crowdsale will receive a bonus of 20,000 Shping Coins for a total of 120,000 SHPING.

At the conclusion of the Token Sale, those wanting to use the platform who don’t yet have Shping Coins will need to acquire them through the open market.

Contributions to the Token Sale will be used to drive the adoption of the app, the development of the product roadmap and to enable Shping to expand into other countries.

To learn more about the upcoming Shping Token Sale, head to tokensale.shping.com

Shping Media Enquiries:

Tony Lee

+61 419 554 922

[email protected]

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.

The latest technical analysis is served! 🔥 #PRICE_ANALYSIS

SAN JUAN, Puerto Rico, Feb. 26, 2018 (GLOBE NEWSWIRE) — Decentralized IT security marketplace PolySwarm today announced a partnership with the lead development team behind Cuckoo Sandbox. Cuckoo Sandbox is the leading open-source automated malware analysis system, and is used daily by thousands of malware analysts, SOC & CERT employees, and threat intelligence teams. PolySwarm’s partnership with Bremer Computer Security B.V., the Enterprise supplier of Cuckoo, will produce PolySwarm’s first Arbiter, kickstarting PolySwarm’s roadmap for early adoption.

“In today’s world, with more and more advanced malware being released on a daily basis, it’s becoming increasingly difficult to perform detection and understanding of the motives of attackers in near real-time,” said Jurriaan Bremer, Lead Developer of Cuckoo Sandbox. “We believe the PolySwarm ecosystem is capable of achieving this exact goal through the ‘many eyes’ principle of the network, and we look forward to collaborating to improve malware detection.”

“Cuckoo Sandbox takes an innovative, dynamic approach to malware detection. We’re thrilled to have Jurriaan’s team on board as PolySwarm’s first Arbiter,” said Steve Bassi, CEO of PolySwarm. “Partnerships with marquee teams such as Jurriaan’s are crucial to PolySwarm’s disruption of the threat intelligence ecosystem.”

Today’s antivirus and IT security market is dominated by single-vendor offerings that often miss emerging threats. PolySwarm incentivizes a global community of information security experts to disrupt the $8.5 billion cyber threat intelligence industry, providing enterprises and consumers with unprecedented speed and accuracy in threat detection. By introducing a platform encouraging innovation and competition, the market will reward experts who are best able to protect users.

PolySwarm’s founders built the company out of Narf Industries, LLC, an information security firm that recently completed a blockchain-based identity management project for the Department of Homeland Security as well as cutting-edge information security projects for DARPA. PolySwarm’s advisory board includes former McAfee CIO Mark Tonnesen, alongside renowned information security and blockchain experts Dan Guido, Chris Eagle, Dr. Sergey Bratus, and Carl Hoffman.

The PolySwarm market runs on Nectar (“NCT”), an ERC20-compatible utility token that makes it easy to submit and classify potential threats on the PolySwarm market. Nectar replaces traditional, outdated antivirus and threat-scanning subscription payments. The Nectar token sale begins February 20, 2018.

ABOUT POLYSWARM

PolySwarm is the first decentralized marketplace allowing security experts to build anti-malware engines that compete to protect you. PolySwarm incentivizes a global community of information security experts to disrupt the $8.5 billion cyber threat intelligence industry, providing enterprises and consumers with unprecedented speed and accuracy in threat detection. The PolySwarm market runs on Nectar (NCT), an ERC20-compatible utility token. For more information, please visit https://polyswarm.io

MEDIA CONTACT: [email protected]

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.

Problems with the current data industry

On 1969 humans landed on the Moon for the first time. Now, less than 50 years later the smartphones in our pockets are over 100 million times more powerful than the computers used on the famous Apollo missions. The incredible advancements in technology have truly taken humans to the next level.

But, with the improvements in technology, there’s also an enormous influx of new data generated. There are over 900 million text messages sent every hour, over 4 million videos watched on Youtube every minute and people nowadays have to deal with over 100 million spam emails every minute. As you might see, we create A LOT of data, and by 2025 the annual data creation will be ten times the amount of the data produced currently.

With that much data produced, our current methods will no longer be viable. We’ll end up in a landscape littered with information while not having sufficient intelligence to process all of it. Already, even the most complex and intelligent AI and data systems struggle to deal with all of the data we create. By 2025 humans will generate over 160,000,000,000,000 GB of data and only 20% of it will be analyzed.

The patented technology of Thought Network tackles the problem from a completely new angle

Thought is a blockchain and AI company backed by Harrisburg University of Science and Technology. While most AI and big data businesses still focus on handling larger and larger amounts of data, Thought’s patented technology takes an entirely new approach – it makes data smart.

By embedding every small bit of data with artificial intelligence, Thought can make ordinary data, that needs applications to become valuable, aware of its origin, its purpose and makes it able to act on its own to complete its task. This new way reduces the need for traditional applications, making data processing cheaper and faster. Instead of communicating with different applications, data can communicate with other pieces of data directly.

“At some point in the future, our current methods of handling data will no longer be feasible to cope with the ever-growing amount of information generated by humanity.” says the CEO of Thought, Professor Andrew Hacker, who has researching and developing the concept of smart data and algorithms for the past six years.

“Smart Data allows us to create a completely new paradigm of active data, where we can do everything more efficiently, intelligently, quickly and securely. Because of our ability to embed intelligence into pieces of data itself, we have the potential to revolutionize both AI and the process by which artificial intelligence is taught.”

By integrating blockchain technology with Smart Data, Thought can make AI more accessible, transparent and above all more secure.

“Every small piece of Smart Data is secured with multi-level encryption. Being able to secure individual bits of data is the Holy Grail of cybersecurity.” Continues Professor Hacker, who, in addition to running Thought Network, is a cybersecurity expert in residence at Harrisburg University.

Thought Network’s unique angle on the increasing data problem has granted Andrew Hacker and his company a US patent.

Thought Network is working closely with Harrisburg University

“We’re proud of Andrew’s accomplishments and are honored to have him as a valuable member of Harrisburg University,” says Dr. Eric Darr, the President of Harrisburg University, which is one of Thought’s equity partners. “We came to believe that Mr. Hacker’s technology had significant promise. Therefore, HU has been pleased to financially support the involvement of many computer science students in the further development of the latest Thought Network technology.”

“Mr. Hacker’s patent shows the community that the University supports local people doing great things, and it gives our students a great example of what you can accomplish in the growing field of technology.”

Dr. Darr continued, “The upcoming release of this new technology, Thought Blockchain, and its applications for businesses and consumers in artificial intelligence and analytics represents the bleeding edge of innovation. Harrisburg University looks forward to continuing its work with Mr. Hacker and Thought Network as they continue developing new and valuable technology.”

Building something as complex as Thought requires a dedicated and brilliant team

Thought’s team consists of over 15 well-educated and experienced members, and they have a knowledgeable and impressive board of advisors, ranging from a retired Army Colonel to PhDs in AI, Biochemistry and Computer Science, and many more.

“Coming up with the idea was the easy part, building the technology and taking it to the point it affects the broader scale is the difficult part. But thanks to our incredible team, we have moved at an exponential pace towards the completion of our project. It’s a spectacular thing to witness how we are able to collectively knock down obstacle after obstacle.” Talks Andrew Hacker. “There will always be technical hurdles to overcome, which is exactly why we are doing this – because that part is fun! Whatever hurdles there may be, we are ready!”

Thought ICO

Now, on the final stretch of getting their MVP ready, Thought is launching an ICO on the 1st of March. The ICO will last for one month, with the pre-ICO lasting from 1-13 of March and the ICO taking place from 14-31 of March. Participants in the whitelist receive a 30% bonus, the pre-ICO receive a 15% bonus, and ICO participants gain 5-10% bonus on their token purchase.

“As you know driving adoption isn’t easy. We are spreading the word about Thought by developing partnerships with educational establishments, business organizations and industry experts, building communities around Thought Network concepts and educating developers on building on top of the Thought platform, “, explains Prof. Hacker about how they’ll utilize their funding. “Also, to truly build a widely used and comprehensive platform, we need constant innovation, adding more possibilities and functions. “

Thought Network has a rich native token economy with its native utility token THT. THT is awarded for mining on the Thought blockchain as well as for developing applications and giving access to data streams and repositories. These tokens can be used to purchase information, data insight and to use different data models and applications on the network.

Learn more about Thought Network’s ICO: https://thought.live

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.

Self-proclaimed mind behind Bitcoin, Craig Wright is sued for $10 bln. #NEWS

TALLINN, ESTONIA – FEBRUARY 26, 2018 – The time has arrived for Taylor OÜ to launch their initial coin offering. Taylor is a revolutionary platform that tracks market prices, signals potential investments, and executes buy and sell orders for major cryptocurrencies with the simplicity and portability of a mobile application. Its user-friendly interface and smart features will do for cryptocurrency trading what the browser did for the Internet: make it widely accessible for the average user.

Crypto trading has not yet seen mainstream adoption because of barriers to entry such as the amount of time required to monitor investments and the research involved in finding opportunities. Taylor can help even inexperienced traders participate in the market, breaking down these barriers and ushering in a new wave of crypto enthusiasts.

Hear Fabio Seixas explain Taylor’s vision:

Taylor advisor Brad Mills explained on Twitter, “ Algorithmic trading is risky but if done right, will usually have an advantage over human traders. Projects like @SmartTaylorApp allow average folks to get exposure.”

6,535,000 TAY tokens will be available during Taylor’s public sale. Purchasing TAY tokens during the ICO phase offers future users of the Taylor smart trading assistant a variety of benefits. Users who pay with TAY will get a discount on their subscription. Those who hold 1,000 TAY tokens will get the basic subscription plan for free. And those who hold 3,000 TAY tokens will have free access to Taylor’s premium features, which include priority notifications and higher trade limits.

Token sale participants will also purchase the token at a potentially lower price than its future value. The initial price is set at 0.0007 ETH, a 25% discount, and will gradually increase in price each week until its conclusion on March 22nd.

“I found an interest in this ICO because I actually was making my very own product that was EXTREMELY similar to this. After much discussion with their CEO, I have found personal interest in this project,” tweeted professional cryptocurrency trader @WolfofPoloniex.

Since their inception, crypto coins have varied wildly in the success that they have achieved both in their fundraising phase and as an asset for investors. The key to the most successful ICOs has been the framework they have established for how their token sale will work, and the system they have created to give the token value.

Taylor has implemented a fair and conservative pricing and token distribution structure. The founders will only receive 10% of the total available tokens. They have set a soft cap of 500 ETH and a maximum investment of 50 ETH per person, the former ensuring that participants get their money back if the minimum capital is not reached, and the latter ensuring that one person cannot single handedly control the future value of TAY tokens.

A significant investment of 500 ETH was contributed during the private sale, demonstrating considerable interest in the Taylor service. To purchase TAY tokens, individuals need to sign up for the whitelist and prove they reside outside of countries that have legislation banning their participation, which include: the United States, China, South Korea, Singapore and Canada. Investments are secured with a smart contract audited by Solidified.io, an audit platform based on a community of experts in the field. These steps were implemented by the Taylor team to protect investors.

People are understandably excited about the upcoming release of Taylor’s beta version. Dave Connis, Taylor subscriber and novice crypto trader, shared his anticipation for project. “As a dad who’s working three jobs and has been attempting to trade since January (2017) but just doesn’t have the time, I am so stoked to get my hands on the Taylor application.”

“I keep making profit every day using the alpha version of @SmartTaylorApp! Waiting for the beta and the ICO!” tweeted Pedro Marins who was one of the testers of the alpha version of Taylor, also known as CryptoScalper.

Taylor’s token sale is scheduled to begin at 2pm UTC on February 21st. Individuals interested in participating should sign up for the whitelist at https://smarttaylor.io and complete the KYC procedure. In-depth instructions for every step of the process can be found at https://medium.com/smarttaylor/how-to-take-part-in-taylors-token-sale-c226b973248e.

For detailed information about Taylor or the token sale, including the whitepaper and project roadmap, visit the official Taylor website: https://smarttaylor.io. Follow Taylor on social media for the latest news and updates.

Twitter: https://twitter.com/smarttaylorapp

Facebook: https://www.facebook.com/smarttaylorapp

Telegram: https://t.me/smarttaylor

LinkedIn: https://www.linkedin.com/company/smarttaylor

Medium: https://medium.com/smarttaylor

Discord: https://discord.gg/9c7mAyB

BitcoinTalk: https://bitcointalk.org/index.php?topic=2664714

Reddit: https://www.reddit.com/r/smarttaylor/

Disclaimer

Citizens and residents from China, Singapore, South Korea, Canada and the United States are restricted from participating in the Taylor token sale — unless they are accredited American investors.

###

For press inquiries or to set up an interview, please contact: Alexandra Scheufler,

+1 440-984-7049, [email protected]

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.

An 11-year old named Andrew Courey from Massachusetts just published a book on bitcoin so the younger generation can grasp this emerging technology that’s been sweeping the globe. The sixth-grader considers himself an expert on bitcoin, and his 57-page book describes cryptocurrencies in a way his peers can understand.

Also read: People Who Don’t Understand Cryptocurrency Should Probably Stop Writing About It

A 57-Page Book About Mastering Bitcoin Written By a Sixth Grader

Andrew Courey is a middle school student from Massachusetts, and he hopes to earn $20Mn by the age of fourteen. Courey made an agreement with his parents who said if he earned $20Mn by then, he could drop out of school much like the bitcoin millionaire Erik Finman’s deal with his parents. So after countless hours of research and Youtube videos covering the subject of bitcoin Courey decided to write a book on the topic. The book called “Early Bird Gets The Bitcoin: The Ultimate Guide To Everything About Bitcoin,” is available on Amazon in both e-book form or as a paper copy. 

The introduction states:

Today we will be learning about an online currency created by Satoshi Nakamoto, and by the end, you will become a master of bitcoin.

Courey’s dad is a tech investor and prompted Andrew to put his studies to good use by publishing a book about bitcoin in a more simplified manner.

“Anyone can learn about cryptocurrencies if they’re willing to spend 70 to 80 hours researching every source until they find a couple sources that make sense,” Andrew explains in a recent interview with CNBC. “The whole book, in the simplest terms, is very easy to read and simple to understand.”

Relatable Analogies

The sixth grader’s book tries to use relatable analogies to describe cryptocurrencies and blockchain technology. In order to explain a distributed ledger, Courey explains that a blockchain is similar to a public Google document that’s “shared with everyone and that can only be edited by buying or selling bitcoin.” Additionally, Courey says a digital currency wallet is comparable to a mailbox where only the owner has the keys. Courey describes a bitcoin wallet in his book noting:  

Imagine there is a mailbox — the mailman can drive the mail to any mailbox, but only the person with the key can access the mail.

The book covers concepts like wallets, mining, and other technologies tied to cryptocurrencies. Moreover, the book discusses the history of bitcoin, Initial Coin Offerings (ICO), and the ethereum protocol as well. At the end of each chapter Courey concludes with a fun fact about the specific subjects discussed in that section.

What do you think about Courey’s book about bitcoin for kids? Let us know in the comments below.

Images via: Shutterstock, CNBC, the Courey Family, and Amazon. 

Make your voice heard at vote.Bitcoin.com. Voting requires proof of bitcoin holdings via cryptographic signature. Signed votes cannot be forged, and are fully auditable by all users.

The post Sixth Grader Writes a 57-Page Book About Bitcoin appeared first on Bitcoin News.

The Israeli Supreme Court reached a decision today in support of local cryptocurrency exchange Bits of Gold. The temporary court order was issued by the Court to one of Israel’s largest financial institutions, Leumi Bank. Generally speaking, the decision means banks are required to permit cryptocurrency trading, and are prohibiting from limiting the bank accounts of companies associated with the industry.

Bits of Gold

Late last year it was reported that Bank Leumi had stopped all of Bits of Gold’s transactions, both incoming and outgoing. According to court documents, the bank – the second largest in Israel – made a decision to stop servicing the Tel Aviv-based financial institution for its Bitcoin-related activity. The bank told the court that the problem was that it was unable to follow its AML (anti-money laundering) requirements due to the inherent nature of cryptocurrencies.

The Leumi Bank decision was heavily scrutinized by crypto enthusiasts: In December, when the bank decided to block payments to cryptocurrency exchanges, Bitcoin was in very high demand, which was accompanied by record prices for the cryptocurrency.

At the time, the bank had claimed that the decision was in line with an order issued by the Bank of Israel. However, it appears that the order was actually part of regulatory confinements put in place for the online gambling industry: The problem is that Bank Leumi classified various Bitcoin exchanges as gambling sites, thereby permitting it to block payments.

According to Globes, Yuval Roash, CEO of Bits of Gold, issued a statement in response to the Supreme Court’s decision: “The court’s decision enables us to continue to focus on the base of the crypto community in Israel. We were the first to request the creation of rules for the activity of digital currencies and the first to stand by those rules. We will continue to lead the industry, in order to give digital currencies their rightful place in the Israeli economy, as an incredible growth engine for the high tech and financial industries.”

Looking Ahead

The ruling today by the Israeli Supreme Court overrides the bank’s decision — making it a huge victory for the cryptocurrency community, which is seeing more and more instances of government attempts at regulation, and even some all-out bans of cryptocurrencies or related technologies like initial coin offerings (ICOs) and binary options.   

The problem is that it’s not a sweeping victory: While the Supreme Court’s decision does prohibit Leumi Bank from blocking transactions or activity in relation to the Bits of Gold company bank accounts, the bank (and others) may be able to circumvent the ruling by applying restrictions on the accounts of individuals attempting to make transactions through the company.

In closing, it’s worth remembering, too, that the situation is fluid. With the court order being temporary, it is theoretically possible that in time, with further information and evidence, the order could be reversed.

The post Israeli Supreme Court: Leumi Bank Must Stop Obstructing Financial Operations of Crypto-Exchange appeared first on NewsBTC.

COVESTING released a live recording where CEO Dmitrij Pruglo demoed the beta of their trading platform expected to be released in just one month. COVESTING’s telegram community of 10,000 has been eagerly awaiting news and developments related to the release of their copy-trading platform, and were pleasantly surprised when the demo was released.

While their MVP gave users an idea of what the platform would look like, the live presentation featured a world-class exchange, complete with walking the user’s path of signing up, completing KYC, enabling 2FA, and exploring their wallets. The demo also featured a look at the exchange which offers advanced charting, liquid order book, the ability to place several different types of orders, and even the portfolio tracking and trader search capabilities.

COVESTING started as a copy-trading platform and due to the immense success of its ICO, which sold out, grew into a Bloomberg-scale trading platform to rival other big players in the Cryptocurrency industry. Apart from that, team aims to offer best-in-class customer service for all active traders on the platform. It wasn’t until after the ICO concluded that Covesting’s CEO Dmitrij Pruglo proposed building their own exchange.

“When we started developing our product, it made much more sense if we were not only working with the top exchanges for liquidity reasons, but built our own exchange as well. We see the gap in the market where you cannot have all of your trading needs met with one business, so we created an entire infrastructure with an exchange, aggregated liquidity from other exchanges, a Crypto Intelligence Portal, and copy-trading capabilities.”

-CEO, Dmitrij Pruglo

The COVESTING ecosystem is still on track to deliver its beta in late March, in line with their roadmap which didn’t originally include building an exchange. COVESTING has managed to stay true to their roadmap while constantly growing the project with more and more capabilities.

You can learn more about the COVESTING project and check out the platform walkthrough presentation hosted by their CEO Dmitrij at https://covesting.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.

Regulation is quickly becoming a hot topic in the crypto-world.

Disclosure: This is a Sponsored Article

The unregulated, “Wild West” environment of the crypto market left investors wide open to fraudsters, scammers, and shady firms out to make a quick buck.

The technology of blockchain and Bitcoin is here to stay. But to bring value to investors, it’s going to need tighter rules and more responsible companies with their eyes on the future.

The crypto market, worth $450 billion, won’t disappear overnight. The next step will be figuring out how to establish rules, expectations and regulations for making the market work smoothly.

And one company is positioned to meet that need: Hashchain Technology Inc. (TSX:KASH.V; OTC:HSSHF)

This is a blockchain company that can do it all: mine coins, diversify investment in a variety of different crypto-currencies, and navigate the crypto marketplace.

But KASH is going a step further: it’s working on proprietary methods and new technologies to make compliance with new regulations easier.

At a time when state agencies are cracking down on the free-for-all within the crypto world, KASH is set to making earnings from crypto-currencies regulation.

Here’s five reasons to take a strong look at Hashchain Technology Inc.:

#1 Order to Chaos

Last year, Bitcoin and blockchain was on everyone’s mind. The value of crypto-currencies was shooting through the roof, and everyone wanted in on the action.

Major papers ran multiple stories trying to explain what cryptos were, how the blockchain worked to facilitate crypto transactions without middle-men, and investors were offered dozens of opportunities to buy into new cryptos through initial coin offerings (ICOs).

Now, the view is a bit different.

Governments, banks and investors are all worried that the frenzy over Bitcoin and other cryptos was fed by fraud.

South Korea and China began considering bans on crypto mining, which is immensely energy-intensive and difficult to monitor. South Korea specifically wants to start licensing crypto-currency exchanges to bring trading under closer surveillance, in order to prevent fraud.

Authorities in the U.S. are worried about crypto-currencies being used to launder money, and want investors to start ponying up their taxes.

The crypto-currency Bitcoin has been accused of acting as a Ponzi scheme. Coinbase, the popular crypto market hub, has even been subpoenaed by the IRS to get information on its customers.

Both political parties have now called for tighter crypto regulations.

While a full ban on mining isn’t being seriously considered, it’s certain that the crypto marketplace is going to come under greater control in the coming months and years.

#2 The KASH Way

Hashchain Technology Inc is ready.

The company sees regulation of crypto-currency as the logical next step for the industry, and it’s taking steps to meet the new business conditions.

The company, which began as a crypto-currency miner, has acquired the assets of Node40, a blockchain technology and accounting software firm, for $8 million and stock consideration. The acquisition indicates KASH (TSX:KASH.V; OTC:HSSHF) is diversifying beyond its mining strategy.

The Node40 software, called Balance, reports transactions from major crypto-currency exchanges. Individuals on the blockchain trigger taxable events when they buy and sell crypto, but until now, no one was charting these events in a way that ensured regulatory transparency. The potential for fraud was huge.

With Balance at its disposal, KASH is providing tools to investors and regulators to account for transactions, providing up-to-date information on the crypto marketplace.

“The acquisition of the NODE40 Business,” said CEO Patrick Gray in the company’s press release, “is an important next step of creating a global blockchain technology company.”

Regulation is the company’s “niche,” and it’s what makes KASH “different from everyone else,” Gray told Oilprice.com.

#3 Mining for Crypto Gold

Outside of its new approach to crypto regulation compliance, KASH (TSX:KASH.V; OTC:HSSHF) is a mining company with a fresh approach to the crypto marketplace.

The company currently has 870 rigs, with further acquisitions set to bring KASH to a total of 8.4 MW of crypto-currency mining capacity by the end of Q2 of this year.

What does it mean to “mine” bitcoin? Well, companies like KASH use massive amounts of computer processing power to verify bitcoin transactions, and gets paid in  new “coins” which can then be bought and sold on the crypto market.

Even with the booms and busts in the price of Bitcoin, the profits from crypto mining can be immense.

Where gold mining only yielded an 11 percent return last year, investment in certain crypto-currencies can yield returns as high as 20,000 percent.

And KASH doesn’t put its eggs all in one basket. The company plans to diversify its crypto-mining operation, from the major coins like Bitcoin, Dash and Ethereum to a host of smaller coins, which have the potential to bring significant returns.

That means that KASH can profit from the market, regardless of the ups and downs, and as mining difficulty increases for any particular crypto, the company plans to maximize profits by shifting its mining power to different types of crypto-coins.

When KASH scales up from its humble beginnings, it has plans to be one of the biggest crypto mines in the business. And its close appreciation of regulation means it’ll be in an excellent position to work with government agencies who may start cracking down on the more undisciplined crypto firms.

With a small market cap, KASH could be set expand quickly.

#4 Quality Leadership

Hashchain Technology Inc. (TSX:KASH.V; OTC:HSSHF)has a solid leadership team that will guide it through the transition in the crypto marketplace.

CEO Patrick Gray has already achieved tech success: his first start-up was sold to Xerox for $220 million. He was a recipient of Business Review’s “40 Under 40” award and he’s raised millions in start-up capital from investors.

Behind Gray, who provides the strategic vision for the company, there’s CTO Sean Ryan, co-founder of NODE40 and a blockchain expert. CCO George E. Kveton is a “lifelong dealmaker” with 20 years of experience in Fortune 500 companies. He’s signed deals in Israel, China and Silicon Valley.

The team at KASH aren’t the millennial millionaires who caught the media’s attention when Bitcoin took off last year – these are professional tech innovators, blockchain specialists and crypto-currency insiders who are taking the crypto revolution to the next stage, and are doing so in a responsible way.

#5 The Next Stage in Currency Evolution

While the price of Bitcoin may have dipped, the crypto-currency revolution has only just begun.

Investors learned that crypto-currencies are super volatile, prone to dramatic booms and busts, and offer plenty of opportunity for fraud.

But that hasn’t stopped innovators from continuing to develop the market. Branded corporate coins are starting to take off, and blockchain technology has been introduced in real estate, banking and shipping.

There are signs that even Wall Street is taking crypto-currencies more seriously. The price of Bitcoin, which sank below $6,000, has now jumped back above $10,000, suggesting that interest is still very strong.

Regulation won’t kill cryptos. Instead, it will make them more reliable and more secure from fraud.

KASH (TSX:KASH.V; OTC:HSSHF) is ready to take advantage of the need for order in the crypto market.  

The company’s acquisition of Node40 means it’s positioning itself on the forefront of the regulatory swing in the crypto market, and the company’s mining vision truly sets it aside from the competition.

KASH is prepared for the next phase, and investors should take notice.

Other companies looking to revolutionize their industries:

By. Meredith Taylor

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Forward-Looking Information

Certain disclosure in this release, including statements regarding the performance of the Company’s current and ordered Rigs, and expectations regarding future operations may constitute forward-looking statements. These include that KASH will dramatically increase operations,  that the 5,000 Rigs will be successfully ordered and delivered, the 5,000 Rigs will perform as expected by management and the timing, installation and performance of KASH’s current and ordered Rigs will be consistent with management’s expectations; that mining capacity will increase to 8.7 MW; that KASH will utilize its committed Montana facility space and increase capacity to mine 20 MW;  that KASH will hold a diverse portfolio of cryptocurrencies through mining and otherwise; and that KASH’s software can become part of a regulatory push for regulation of cryptocurrencies.  The forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors may include, among others, the risk that the 5,000 Rigs will not be successfully ordered or delivered from the manufacturer or, if delivered, not when expected by management, and the risk that the Company’s current and ordered Rigs will not perform as expected by management or that expected capacity is not achieved; that KASH may not earn cryptocurrencies through mining and may not be able to purchase them;  risks related to changes in cryptocurrency prices, and the profitability of mining them; that cryptocurrencies will not increase in use as expected; the under-estimation of personnel and operating costs; that KASH will not receive required regulatory approvals for building new facilities, using power, or other aspects of its business; that cryptocurrency regulators don’t accept KASH’s accounting and other solutions; the availability of necessary financing; permitting of businesses that KASH intends to invest in; general global markets and economic conditions; uninsurable risks; risks associated with currency and cryptocurrency fluctuations; risks associated with competition offering better or cheaper solutions, attracting away employees or using tactics to drive out competition; risks associated with changes in the financial auditing and corporate governance standards applicable to cryptocurrencies; risks related to potential conflicts of interest; the reliance on key personnel; capitalization and liquidity risks including the risk that the financings necessary to fund continued development of KASH’s business plan may not be available on satisfactory terms, or at all; the risk of dilution through the issuance of additional common shares of KASH; the risk of litigation; the risk that KASH’s management and advisors may not contribute as much as expected to the company’s success; the risk and the risk that cyber-crime may severely damage the value of any or all of KASH’s investments. There may be many other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information.

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DomRaider has partnered with Archos, a pioneer company in consumer electronics, to promote the co-branded launch of the Safe-T mini, the newest hardware wallet for cryptocurrencies.

The Archos Safe-T mini device will be manufactured in France and will be coming in June 2018, starting at 49.99€. 

This partnership involves a limited edition of the Safe-T mini device: a DomRaider design and a special crypto incentive: DomRaider will offer 50€ in DRT to buyers of this co-branded version!

Archos & DomRaider will be at the Mobile World Congress in Barcelona (26th February – 1stMarch) to present the Safe-T mini, at the Archos Stand (Hall 6 – Stand B60).

This partnership will be positive for those two French tech brands and both communities (hardware and crypto/blockchain)  can finally gather around this DomRaider limited edition of the Safe-T mini.

 About ARCHOS 

ARCHOS, a pioneer in consumer electronics, continues to innovate and revolutionize the consumer electronics market. Among others, the French manufacturer was first with an HDD MP3 player in 2000, a multimedia player in 2003, Google Android powered tablets in 2009, a connected Smart Home in 2014 and PicoWAN, the first collaborative network dedicated to the IoT, in 2016. Today, ARCHOS offers its own line of tablets, smartphones and connected objects worldwide. It also markets and distributes high-value innovative products associated with the tablet and smartphone markets: urban mobility, smart entertainment. With headquarters in France, offices in Europe and in Asia, ARCHOS has become a strong pan-European player and is furthering its international expansion. ARCHOS is quoted on Compartment C of Eurolist, Euronext Paris, ISIN Code: FR0000182479.

About DOMRAIDER

DomRaider is a hyper-growth startup. The DomRaider team has tripled in size to reach 40 members in just one year. DomRaider took a step into the blockchain world when it successfully concluded its ICO in 2017. DomRaider Group introduced Auctionity, its blockchain to decentralize and to secure auctions on a worldwide scale, using its DomRaider Token (DRT) as a payment guarantee. The DomRaider Token (DRT) is tradable on Bancor, HitBTC, EtherDelta & YoBit.

DomRaider Group (Corporate website of the group): corporate.domraider.com

DRT (Dedicated website to DomRaider Token & DRT Holders): token.domraider.com

Auctionity (Blockchain Auction Solution): www.auctionity.com

Contact for press : [email protected]

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.