Day: March 7, 2018

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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 hack at Binance is unsuccessful, irregular trades have been reversed and Binance has resumed trading activities. #NEWS

San Juan, PUERTO RICO –  March 7, 2018 — Decentralized IT security marketplace PolySwarm (www.polyswarm.io) today announced the addition of Dinesh Dhamija to its advisory board. Dhamija is the Deputy Treasurer of the United Kingdom’s Liberal Democratic party, and is the founder and former CEO and Chairman of ebookers.com, one of Europe’s most successful online travel companies. He was named ‘Entrepreneur of the Year’ by Management Today magazine in 2003.

“As an entrepreneur dating back to the early days of the internet, I can see that blockchain technology has the same disruptive potential,” said Dinesh Dhamija. “PolySwarm is leading the way when it comes to blockchain’s real world use cases, and I am happy to support their growth.”

Educated at the University of Cambridge and Harvard Business School, Dhamija worked at IBM before going on to launch ebookers.com. He is a trustee of TiE, an entrepreneur organization, and a member of the fundraising committee at Fitzwilliam College, Cambridge. Dhamija is also a philanthropist, having founded charities to provide education and access to medicine.

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 that encourages 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 and other government agencies. PolySwarm’s advisory board includes former McAfee CIO Mark Tonnesen, alongside renowned information security 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 is currently in progress.

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.

This article originally appeared on Bitcoin Magazine.

• Consentium is a new chat application, which is the first to reward its users with cryptocurrency for virtually any group or community they create
• Developed in Singapore, the application has raised USD$10 million in funding. With fresh funding Consentium aims at geographic expansion including into China, as well as product development
• Hailed as the first mobile, consumer-to-consumer, cryptocurrency transfer system in the world

Singapore, March 7, 2018 –  Consentium, Asia’s first multi-digital currency and group monetisation chat application, has launched with US$10 million in funding from its private ICO sale, launched on 25 January. Funding will be used to drive expansion across Asia, including priority markets: Singapore, China in Phase 1, and Japan and South Korea in 2018. It will also drive company growth, community development and product innovation.

Consentium allows peer-to-peer (P2P) and multi-digital-currency and C2C (consumer-to-consumer) transfers between users. It also uniquely offers a transactional fee redistribution program as an incentive to create and cultivate strong in-app communities. Consentium uses a reward system based on creation of quality community groups – comprising both amount of users as well as on-app reputation of users.

In an effort to drive community development and encourage in-app transactions, Consentium will be actively engaging in marketing efforts to increase its user base and thereafter, target businesses to increase the application utility. Spearheading this will be Lamia Pardo, SVP of Pangea Money, Consentium’s newly appointed Chief Marketing Officer and Jeremy Khoo, Co-Founder of Dressabelle and Megafash, who will be overseeing business development and partnerships.

Hal Bame, Co-Founder of Consentium said, “The global chat app market is now worth over US$48 billion and we see very promising potential with Consentium in bridging consumer-to-consumer trading of cryptocurrency together with mobile community engagement. Our vision is to be the number one social network and best-in-class cryptocurrency application. We will do this by helping users and businesses monetize their passion for cryptocurrency through Consentium.”

Transfers of cryptocurrencies between users on Consentium will be charged a nominal fee of 1%. The 1% fee will be borne equally by both transferor and transferee. All transactional fees will be entered in the distribution pool via a cold offline wallet. Transfer and storage is done through a secure encrypted environment. From the distribution pool, funds are parse through on a monthly basis and reallocated fully to the community creators and users based on preset criteria.

Key drivers behind Consentium are the rise of cryptocurrency and the global chat app market, particularly in Asia. This growth is supported by Asia’s fast-growing mobile penetration, as well as the increasing prevalence of digital currencies and fintech. The application’s token, Consentium Coins (CSM) are generated on the platform, based on the Ethereum platform.

“We built Consentium with the intention to transcend the average mobile chat application, and develop a sustainable future-proof application that serves to host core businesses on-the-go and propagate real-world communities,” added Chris Low, Chief Technology Officer of Consentium. “Chat applications should not stop short at e-commerce and remittances, but should develop to dominate as the business and community platform of the future. This is the mandate of Consentium – to emerge as the Platform for Communities.”

During the next 12 months, Consentium plans to roll out support for additional features. Proceeds from the fundraising will be used to address operational costs as it completes development of the technology. It will also be used to continually improve the user experience by implementing new features alongside better security and encryption functions.

Interested users may visit its website at www.consentium.net and view its whitepaper to learn more about its groundbreaking features and capabilities.

About Consentium

Consentium is a new chat application, which is the first to reward its users with cryptocurrency for virtually any group or community they create. The cryptocurrency, Consentium Coins (CSM), generated on the platform are based on the Ethereum platform, which is the world’s largest leading smart contract blockchain.

For Media Enquiries

Novum Capital for Consentium

T: (65) 9687 4316

E: [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.

Auctus, the world’s first platform for smart contract-powered retirement plans, which allows you to create customized retirement focused portfolios, consisting of traditional assets and cryptocurrencies, just released their alpha platform on Ethereum’s Rinkeby testnet.

The released platform allows you to choose between portfolio recommendations, created by the community, in the human advisory marketplace, or be assisted by a robo advisor which will recommend you a tailored portfolio, taking your targets and profile into consideration.

The released platform gives you an idea of where the team behind Auctus is heading to.

Daniel Duarte, CTO at Auctus stated: “We are very thrilled the way things are currently going. The released platform allows us to get market feedback from our worldwide community. All gathered feedback will be evaluated with the team, our advisors and lawyers and subsequently we will lay out the strategy four our beta release, which will be on Ethereum mainnet”.

Auctus recently made headlines due to various partnerships and its membership in the Enterprise Ethereum Alliance. They are also known for following best practice standards, in an attempt to maintain a strong token model and token economics.

Apart from their recent platform release, they are also conducting a token sale on March 27th. Their whitelist is currently open, but is expected to close ahead of time.

All details can be found here: https://auctus.org/tokensale/

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.

AUSTIN, TX – Following the amazing feedback from the Bitcoin, Ethereum, and Blockchain Super Conference in 2018, organizer Richard Jacobs is hosting a second conference in September – except, this time, he’s taking things to the next level. Those who register before Sunday, March 18th will not only benefit from a special “Hyper Early Bird” discount; they’ll also receive a complimentary set of DVD/CD recordings of the February Super Conference, shipped to their home or office right away.

Whereas the last conference in February was focused on cryptocurrency and blockchain tech, the Blockchain and FutureTech Expo in September will bring together developers, entrepreneurs, and professional “smart money” investors from the fields of blockchain technology, quantum computing, artificial intelligence, virtual and augmented reality, cyber security, 3D printing, and other state-of-the-art technologies that are tipped to radically change the world over the next few years.

Why?

Richard Jacobs, the organizer, explains:

“Most people are coming to realize that we’re on the cusp of the biggest technological revolution mankind has ever witnessed”, said Mr. Jacobs. He adds: “But it’s about far more than ‘just’ blockchain technology. These other emerging techs are set to converge with blockchain tech around 2019 – and the result will be global economic disruption on a scale that’s never been seen before.”

Registration for the Blockchain and FutureTech Expo is now open – though the discounted “Hyper Early Bird” tickets are available only until Sunday, March 18th at midnight.

Those who are interested in attending are encouraged to join the free notification list HERE:

“Hyper Early Bird” tickets can be purchased HERE:

###

Press contact:

Richard Jacobs

[email protected]

(888) 448-4590

About the Blockchain and FutureTech Expo:

This three-day conference will be held at the Dallas Convention Center, close to Dallas/Fort Worth International Airport in September. We are expecting more than 5,000 attendees, 100 headline speakers, and 150 exhibitors – with talks from founders, developers, and early-stage investors in blockchain, quantum computing, artificial intelligence, virtual and augmented reality, cyber security, and other emerging technologies that are set to disrupt almost every sector of the global economy.

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.

Cryptocurrencies and online gaming seem like a match made in digital heaven. The burgeoning popularity of online gaming and esports has led to the creation of in-game digital currencies which could be a valuable addition to the virtual economies of popular online games such as World of Warcraft.

Nobuaki Kobayashi, a Japanese attorney and trustee in the bankruptcy case of Mt. Gox, has stated today that he has sold over $400 million worth of BTC and BCH. Apparently, the sales have been ongoing since September. According to a statement, Kobayashi is selling the digital assets to raise money for creditors who lost out thanks to the early crypto exchange’s insolvency in 2014. The document released earlier also states that he has more BTC and BCH to sell.

Does That Explain Today’s Dip?

According to reports in Bloomberg, Kobayashi has an additional $1.9 billion in tokens left to sell. It is believed that he will consider exchanging them for fiat currency to pay back Mt. Gox creditors in the future.

The case of Mt. Gox caused massive disruption to the cryptocurrency market back in early 2014. According to the official company line, around 850,000 Bitcoins were appropriated from the first major exchange at the hands of hackers. The BTC was worth around $500 million back then. Of course, today they’re worth considerably more.

Following the supposed hack, Mt. Gox filed for bankruptcy protection. They later claimed that they were able to recover around 200,000 BTC but the rest were lost.

The document issued today does not outline how Kobayashi intends to sell the Bitcoin and its derivative, Bitcoin Cash, which did not exist when the funds went missing in the first place. However, he did state that he was trying to get “as high a price as possible”, suggesting that he does not intend to simply dump them on the market.

The news has coincided with a dip in the price of Bitcoin. The most popular digital currency shed around $1,000 off its price in just an hour and a half earlier today. However, based on the length of time that Kobayashi claims to have been selling Mt. Gox’s remaining Bitcoin, it seems unlikely that the abrupt downwards price pressure has been caused by his statement or actions.

A more likely explanation of the drop is the SEC announcement from today. They declared that all cryptocurrency exchanges must be registered with them. A statement from the agency read:

“If a platform offers trading of digital assets that are securities and operates as an ‘exchange’… then the platform must register with the SEC as a national securities exchange or be exempt from registration.”

At the time of writing, the price has returned back above the $10,000 level. Such knee-jerk selloffs in response to any news are common in the space. With so much uncertainty surrounding the future of the emerging asset, the slightest story can panic investors. Similar downwards price pressure occurred after South Korea was simply rumoured to be “cracking down” on cryptocurrency earlier this year. The commotion turned out to be misplaced. The government there were seeking to tackle illegal activities associated with cryptocurrency – which seems much more reasonable.

The post Is the Legacy of Mt. Gox Still Impacting the Price of Bitcoin? appeared first on NewsBTC.

The CFTC’s chairman said the U.S. is working with foreign regulators to tackle cryptocurrency fraud.

The US SEC issued a statement asserting that crypto exchanges must be registered with the agency. #NEWS