Day: March 30, 2018

Huobi has officially launched in South Korea. The platform facilitates the trading of 100 cryptocurrencies and 208 markets. The exchange is also creating an investor protection fund and program to immediately compensate for any losses that are not investor error.

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

Huobi Korea Launched

Huobi Korea, a subsidiary of the Beijing-based crypto trading service provider Huobi, announced that it has officially launched on March 30.

“Huobi Korea will list 100 coins and 208 markets (33 USDT markets, 98 BTC markets, 77 ETH markets),” Zdnet detailed. The exchange stated that it stores 98% of its customer assets in cold wallets. Furthermore, the exchange’s internal access procedure has been strengthened, according to the publication. “In order to open the repository, we have added security to complex procedures that require multiple people to authenticate together,” the news outlet conveyed, and quoted an official of the exchange explaining:

We are also creating an investor protection fund and run an investor protection program to immediately compensate for losses that are not investor error.

100 Cryptos

Huobi confirmed on Thursday that “In Huobi Korea, 100 coins can be traded,” noting that the exchange “will try to support more and more coins trading.”

The supported cryptocurrencies, according to Huobi, include DAT, DBC, DGD, DTA, EDU, ABT, ACT, ADX, AIDOC, APPC, AST, BAT, BCD, BCH, BCX, BIFI, BLZ, BTC, BTG, BTM, CHAT, CMT, CTXC, CVC, LINK, LSK, LTC, LUN, MANA, MCO, MDS, ICC, IOST, ITC, ICC, IOST, ITO, EKO, ELA, ELF, ENG, EOS, ETC, ETH, EVX, GAS, GNT, GNX, MTP, MTL, MTN, MTX, NAS, NEO, OCN, OMG, ONT, OST, PAY, POWR, PROPY, QASH, QSP, QTUM, QUN, RCN, RDN, REQ, RPX, RUFF, SALT, SBTC, SMT, SNC, SNT, SOC, SRN, STK, STORJ, SWFTC, THETA, TNB, TNT, TOPC, TRX, USDT, UTK, VEN, WAX, WICC, WPR, XEM, XRP, YEE, ZEC, ZIL, ZLA, and ZRX.

Korean Won Support Coming Soon

As for the Korean won trading, Huobi Korea wrote, “the KRW market is in the process of being prepared and will be available soon.”

The lack of won trading is likely due to the South Korean regulation which enforced the real-name system at the end of January. Since its implementation, Korean banks have only been issuing virtual accounts to the country’s largest four exchanges – Upbit, Bithumb, Coinone, and Korbit. However, Money Today reported on Thursday that a major bank in Korea, Shinhan Bank, is in talks to start issuing virtual accounts to a smaller crypto exchange, Coinplug.

The official from Huobi Korea was quoted by Zdnet saying:

We are concentrating our ability to prepare for the rapid opening of the Korean won market…All employees will work hard to provide safer and more stable trading services.

Huobi’s Global Expansion

Huobi is currently the third largest crypto exchange globally with a 24-hour trading volume of $1.32 billion at the time of this writing. South Korea’s largest exchange is the Kakao-backed Upbit with a trading volume of $745 million during the same time period.

Before China closed down cryptocurrency exchanges, Huobi was among the largest in the country. Today, the company has a presence in six countries – Korea, Singapore, USA, Japan, Hong Kong and China.

Last week, Huobi registered with the U.S. Financial Crimes Enforcement Network in preparation for its U.S. launch. Meanwhile, Japan’s SBI Group has stopped the capital and business tie-up with Huobi Group.

What do you think of Huobi’s launch in South Korea? Let us know in the comments section below.

Images courtesy of Shutterstock and Huobi Korea.

Need to calculate your bitcoin holdings? Check our tools section.

The post Huobi Officially Launches in South Korea with 100 Cryptocurrencies appeared first on Bitcoin News.

Subutai is the world’s first intelligent Peer-to-Peer (P2P) cloud computing and Internet of Things platform. The company has set itself apart in the blockchain ecosystem through the development of various blueprints that have changed the process of application development and deployment.

Developed by Open Source trailblazers, Subutai disrupts and democratizes the Cloud, allowing users to easily participate in the crypto economy through energy-efficient cryptocurrency mining and frictionless commoditization of idle computing resources. Businesses using Subutai can instantly raise and operate a sharing economy for countless applications using KHAN, its Ethereum blockchain reserve currency token.

Software blueprints act as templates to reduce development time and help simplify the process of application deployment. Subutai blueprints specify general instructions to automate P2P distributed application management tasks like installing, updating, and maintaining applications.

Blockchain-in-a-Box

In a press release on 13th March 2018, Subutai announced its new kid on the block, Blockchain-in-a-Box, which promises to take you from a concept to executing Ethereum Smart Contracts in minutes. Blockchain-in-a-Box comes with an all-inclusive environment for writing Smart Contracts, as well as testing them on a private Ethereum network. This platform will offer a free and instant environment for writing Smart Contracts.

“One of the most attractive Subutai application blueprints is our just-released Blockchain-in-a-Box, which enables developers to write Smart Contracts in minutes without having to deal with obtaining testnet Ether (the cryptocurrency fuelling the Ethereum network),” said Alex Karasulu, CTO and Founder of OptDyn.

“Subutai goes beyond the promise of Blockchain as a Service (BaaS) by setting up the private network along with an entire desktop system in the same cloud environment with a full Solidity development stack to author and test Smart Contracts,” Explains the CTO in the press release.

Reduction of deployment time

Blockchain-in-a-Box removes the need to deal with infrastructure administration, version compatibility, and all the other tedious aspects of configuring a blockchain network, thereby reducing the time to develop and deploy Ethereum Dapps. The blueprint may use one of the Ethereum test networks (allows Ethereum Solidity developers to experiment with new code and solutions) or an entirely private dedicated blockchain. All that is required to use the environment is a basic knowledge of JavaScript and Solidity: Blockchain-in-a-Box creates a self-contained cloud development environment with a remote desktop and a private blockchain network to allow users to build and deploy smart contracts, transact, and more.

In addition to Blockchain-in-a-Box, Subutai offers blueprints for popular applications such as WordPress (a content management and blogging platform) and Mattermost (a private cloud messaging), as well as development frameworks such as Apache Usergrid (used for mobile development). Subutai blueprints make it easy for users to quickly get up and running.

Become a cloud conqueror

Getting started with Blockchain-in-a-Box is easy. The documentation, which includes tutorials on writing contracts, are available at Subutai’s website. Subutai Blockchain-in-a-Box is available in the Subutai Bazaar. As is the case with other Subutai blueprints, Blockchain-in-a-Box is an Open Source software. With easy steps needed to access the blueprint, you can easily write a Smart Contract in minutes.

More information about the Subutai platform is available at https://subutai.io/

The post “Blockchain-In-A-Box” Becomes the Latest Kid in Subutai’s Family of Blueprints appeared first on NewsBTC.

The demand for international artists to perform live in cities around the world is far beyond the supply for available venues. This leads to significant missed revenue for celebrities, not to mention that fans miss out on a chance to experience their favorite concerts, events, and shows in person. To cope with this growing demand, the music industry has adopted some solutions such as providing live streaming and recording material to avid fans.

However, these solutions are limited and don’t live up to the expectations of fans. Virtual Reality (VR) developer, Ceek jumps on the Blockchain bandwagon with a new project that aims to change the way VR content is consumed by the masses.

Virtual Reality Meets Blockchain to Create an Entertainment Metaverse

Ceek, hardware and software developer of VR experiences and patented headsets has launched a Blockchain project that streamlines access to a tokenized VR-based exchange platform. The main objective is to build a decentralized entertainment metaverse where celebrities can sell virtual concert tickets, personal objects, and additional merchandise their fans can purchase using the platform’s Ceek tokens.

The mission is to launch a next-generation VR platform, where token holders (Ceekers) can pay with cryptocurrencies to attend live concerts in VR using the Ceek VR headset and app. Apart from empowering artists to expand their revenue streams, the project aims to build a fan community with its token; a place where people can buy virtual tickets to their favorite show, event or live concert.

A Virtual Safe Haven for Artists, Fans, and Developers

Ceek provides various immersive VR experiences inside its “Ceek City” — the decentralized virtual space that comprises of a concert area, theatre, hangout lounge, sports complex, and more. By leveraging Ceek tokens, Ceekers can perform a wealth of activities in the “city”, such as vote for content, purchase artist merchandise and concert tickets, sell custom items on the dedicated exchange, and even contribute to its development.

Celebrities have the “Celebrity Coin Mint” tool at their disposal which they can use to create their own, unique virtual objects or celebrity minted coins. By issuing VIP virtual tickets to exclusive events, they can increase demand and accelerate supply; dictate ticket prices and bring inherent value to the Ceek VR platform.

“Ceek City” also targets developers who can earn Ceek tokens using the platform’s SDKs, open APIs, and VR authoring tools to develop virtual environments, digital goods, or venues, and make them available in the Ceek marketplace.  

A Decentralized Demand Engine Disrupting the Global Music Industry

Ceek’s overall value is dictated by native features such as Celebrity Coin Cast and Global Rights Clearance. Through the creation of customized coins by celebrities and artists, there is expected to be a boost in demand for attending concerts in VR, buying exclusive event tickets and virtual objects which will increase artists revenues as well as the popularity of Ceek.

The project aims to use Blockchain technology to provide transparent, scalable and secure transactions; cater to the people’s need for fully immersive experiences that are as close to real-life live events as they can get. Ceek has an established business model through their proprietary Ceek VR headset available for purchase in stores like Target, Best Buy, and Amazon. The company has also partnered with renowned names in the music industry like Universal Music, Apple, and T-Mobile to fulfill its mission of building a decentralized, easy-to-use VR entertainment metaverse.

The Ceek VR Token Sale begins on April 15th, 2018. Ceek tokens can be purchased at value of $0.25 per coin.

The post Decentralized vr Marketplace for Celebrities and Their Fans appeared first on NewsBTC.

Top performing cryptocurrencies in March were Tron and Binance Coin. The biggest losers were Neo, Ethereum and Cardano. 

Another month has passed in crypto land and it is time to review the winners and losers over the past 31 days. March has been a pretty tumultuous month for cryptocurrency markets with a new low for the year on the 30^th and markets continuing to slide at the end of the month. Overall crypto market capitalization has fallen 40% over the month from around $450 billion at the beginning of March to $270 billion at the end of it. Compared to February where markets fell by 9% over the month, March as been far worse and very few cryptocurrencies have ended the month higher than they began it.

Bitcoin has taken a beating in March falling 34% from around $10,600 at the beginning of the month to $7,000 at the end. It has struggled to hold the psychological support level of $8,000 and has dipped below it several times, the lowest being on March 30 when it dropped to $6,740. Its market dominance however has increased 12.5% throughout the month from just under 40% on March 1^st to around 45% at the end of the month. This means that it has been an even worse month for altcoins.

March Crypto Winners

Tron is the only coin in the top 15 that has not lost ground in March. It hasn’t made much but that is a positive in a month that has been largely red across crypto markets. Starting out the month at around $0.042 TRX has crept up a percent or two to end it just over $0.043. In Bitcoin levels Tron has performed well moving from around 415 satoshis to end the month over 43% higher at around 600 sats.

Binance Coin has also made marginal moves upwards while all those around it have crashed. BNB started March trading at around $10.50 and ended closer to $10.70 representing a tiny increase. Against BTC is has done even better moving from 101500 satoshis to 151000 at month end, a rise of 48%. Positive company news about a Maltese move as it shrugs off the attempted hack has boosted Binance Coin.

March Crypto Losers

Ethereum has been absolutely crushed in March, starting the month trading around $860 and losing over 50% by the end of it. ETH has not been trading this low since late November 2017 when it made big moves from around $450 up to and over $650. ETH ends the month at its lowest point this year at $410.

Ripple has also taken a heavy beating in March with XRP falling 45% from $0.95 to $0.52 over the past 31 days. There has been a lot of positive news about Ripple’s new partnerships and expansions into new markets however this has failed to bolster XRP which has slid with the rest of the cryptocurrencies in March. Losses against BTC have been lower at 14% falling from around 8700 satoshis to around 7450.

Bitcoin Cash has been bashed as the top four have all lost ground. On March 1^st BCH was trading at around $1,250, since then it has lost 42% to around $725 where it currently trades. With the Lightning Network gaining traction and BTC transaction fees falling Bitcoin Cash loses its advantage over big brother.

Litecoin has also taken a huge hit, last month it was one of the best performing altcoins, this month one of the worse. LTC has fallen from around $205 to $124 in March representing a drop of almost 40%. The LitePay fiasco has been the primary cause of this coin to collapse.

EOS, while moving up a few spots in the market cap charts, has also fallen. Trading at the beginning of the month around $8.40 it ended closer to $6 marking a drop of roughly 28%. In terms of BTC it has fared much better ending the month marginally higher at around 87000 satoshis.

Cardano has been one of the top ten’s biggest losers as it was last month with an over 50% drop from $0.30 to $0.15 at the end of the month. ADA has also lost a lot of ground against BTC falling 2800 satoshis to around 2150. Stellar Lumens has joined it with a drop of 40% from $0.34 to $0.20. No real news or developments has come out of the XLM or ADA camps and the smaller altcoins seem to take bigger hits. In satoshi levels Stellar has fallen from 3150 to 2760, around 12%.

Neo had a reasonable February but a terrible March, falling massively from $130 to $52, almost 60%. There has been no negative news impacting Neo, just a huge selloff that seems to have diminished all gains made the previous month. The Chinese smart economy altcoin has lost around 40% against Bitcoin ending the month just over 741000 satoshis.

The last altcoin in the top ten has also fallen heavily in March. Iota has lost around 41% sliding from $1.95 on March 1^st to $1.14 at the end of the month. A 12% slide can be measured against Bitcoin as it fell from around 18500 sats to 16300 throughout the month.

Other altcoins getting a pasting in March include Monero, Dash, Nem, Ethereum Classic, VeChain, Qtum, Icon, OmiseGO, Lisk, Bitcoin Gold, Nano, Zcash and Verge.

Only Tron and Binance Coin in the top 30 cryptocurrencies have shown slight gains, all others have fallen with Ethereum, Cardano and Neo taking the biggest hits. We can only hope that markets are near the bottom and April will be a brighter month in crypto land.

All figures from Coinmarketcap.com

The post End of Month Roundup: Cryptocurrency Winners and Losers in March appeared first on NewsBTC.

Invoice Financing is a popular business function in small and medium businesses which are in an urgent need of cash. Invoice financing, for those who may not be aware, is a process which involves businesses selling off their invoices to third party financers in exchange for instant cash. These invoices are sold off to financers at a discounted price which they can later cash with the debtors to get the full value.

For instance – you run a business which is to be paid $10,000 from it’s debtors, but the date of payment is about two weeks away and you need urgent cash to buy a new machine. You can sell off the $10,000 worth of invoices to a financer for an instant $9,500 in cash. The financer can later claim the entire sum of $10,000 from the debtor. Both the parties are in a win-win situation with this.

Invoice Financing is popular in the US and European Union. However, one of the biggest challenges that this business function faces is that of transparency and communication. Often, due to miscommunication and lack of transparency, issues such as delayed payments and payment frauds tend to take place. However, this changes with Invox Finance!

What is Invox Finance?

Businesses have witnessed a number of changes over the years. With technology progressing at a rapid speed – there are a number of changes which are coming to modern-day business operations as well. Among various other innovations in the business sector, blockchain technology is one which is redefining the way we know markets to be. Invox Finance is a blockchain based Invoice lending platform which aims at bringing buyers, sellers and investors closer when it comes to invoice financing.

The Invox Finance platform helps bring transparency into the invoice financing system. It achieves so by using the blockchain technology to store all records of transactions between the buyer, seller and the debtors. Basically, it reduces the odds of fraud dramatically as data stored on the blockchain technology is on a distributed, public ledger and cannot be altered without a consensus from all the parties involved.

Invox Finance allows buyers to distribute their risk by buying invoices in chunks. A buyer could buy off a portion worth $3000 from an invoice worth $10,000. Multiple such chunks from multiple businesses could be bought. This ensures that the buyers distribute risk of bad debt among various businesses while businesses get cash depending upon the purchase made by the buyer.

The Token Sale

Invox brings about a major change in the way we know invoice financing to be. Not only does it bring transparency, it gives buyers a good investment option while the sellers can easily liquidate their invoices. All transactions on the Invox platform take place using the Invox cryptocurrency token – which can also be used to purchase the yearly membership to the platform, after which all the trading can take place. For more details on the Invox Finance platform and the Invox Token Sale, log on to: https://invoxfinance.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.

Today, Lendo launches its token sale to the public at https://lendo.io/

The controversial debate with blockchain and cryptocurrency has been affecting this new market for the good, the bad and the ugly. More than ever, crypto giants including Bitcoin, have been fighting their way through stormy weather cringing from the blows. Yet a newcomer on the block, Lendo Platform, a London based fintech start-up, has been sailing through with ease, pioneering the way towards a new regulated crypto.

The ongoing battle between our traditional, centralised financial markets and the volatile decentralised blockchain, has been sending shockwaves worldwide. With many traditional, financial powerhouses making a full 180° pivot, taking on the “If you can’t beat them, join them” attitude, the likes of Trump and other governments have decided to jump on the bandwagon.

The fear of a new regulated blockchain

One of the big blows affecting this new sector is the collective clampdown from search and social giants Google, Facebook and Twitter. Effectively banning ICOs from advertising on their platforms, presumably before regulation is passed. As a consequence many tokens have plummeted in value, yet Lendo’s small scale pre-release last week demonstrated the continued mass market interest during these turbulent times.

Lendo adds value to cryptocurrency

Lendo Platform, the new kid on the block, enables cryptocurrency holders to release cash loans without offloading coins. Last week they launched a pre-release to test the grounds in these turbulent times. Some 42,000 users registered for the service within a matter of hours.

Forbes’ Monty Munford wrote: “Lendo’s software looks set to bridge the gap between the crypto community and the mainstream world.” Lendo’s genius is the exclusive link they will create between both worlds, enabling them to work together. The London based fintech is about to remove the “us and them”, boosting the value of cryptocurrency, by making it work in our traditional financial markets.  

The Lendo revolution starts now

Today, Lendo is set to launch its token sale to the public at https://lendo.io/.

The first of its kind, Lendo is the only project to offer crypto-owners the ability to obtain cash loans from regulated lenders using their crypto assets as collateral.

It is also the project paving the way to a harmonious, interconnected relationship between the traditional financial system and the future of finance, blockchain.

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.

US IT giant Cisco filed a patent on a method for decentralized group communication in order to solve common problems faced by ad hoc messaging groups. #NEWS

Executives pitch PolySwarm as a new paradigm for cybersecurity around the globe

SAN JUAN, PUERTO RICO — MARCH 30, 2018 — Decentralized antivirus marketplace PolySwarm (www.polyswarm.io) today announced the completion of its global tour, visiting four continents with stops including Bogota, New York City, Washington D.C., Zurich, Berlin, Tokyo, Hong Kong, Shanghai, Buenos Aires, and Dubai. During this global tour, PolySwarm executives presented the concept of a decentralized marketplace that allows security experts to build anti-malware engines that compete to detect threats and protect users.

“Presenting PolySwarm as a new paradigm for cybersecurity to communities around the globe has been incredibly insightful and rewarding,” said Steve Bassi, CEO of PolySwarm. “Decentralization is a major tenet of our mission, and unlocking talent from around the globe to level the playing field within the security community remains a key focus. We look forward to building upon the connections we created during our global tour as we develop and deploy PolySwarm.”

PolySwarm incentivizes a global community of information security experts to disrupt the $8.5 billion cyber threat intelligence industry, facilitating unprecedented speed and accuracy. The PolySwarm marketplace runs on Nectar (NCT), and ERC20-compatible utility token. PolySwarm recently completed a $25.94 million raise through a NCT token sale to develop and scale its decentralized marketplace.

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, Inc. CIO Mark Tonnesen and Dinesh Dhamija, deputy treasurer of the United Kingdom’s Liberal Democratic Party and ebookers.com founder, alongside renowned information security experts Dan Guido, Chris Eagle, Dr. Sergey Bratus, and Carl Hoffman.

ABOUT POLYSWARM

PolySwarm is the first decentralized marketplace allowing security experts to build anti-malware engines that compete to protect consumers and enterprises. 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.

Tallinn, Estonia – (March 30, 2018) – Kinguin.io, one of the world’s largest online retailers in the video and PC game industry, announces the launch of its next generation online marketplace – poised to transform this industry. Kinguin has created a truly decentralized e-commerce environment with the launch of “Krown Tokens” – the first-ever digital utility token designed specifically for the online gaming community. “Krowns” will be exclusively traded on the Ethereum blockchain network. Of particular note, Kinguin was also awarded “Best ICO Project, 2018” at the Cryptocurrency World Expo in Berlin, Germany just last week.

By tokenizing their marketplace, a new generation of online players around the world can now monetize their game experience, enabling an entire global gaming community to profit from the structure and adoption of this decentralized economy. This is a trusted peer-to-peer network to buy, sell, and trade digital games, in-game items, and other game-related services. Gamers can monetize such services as coaching, in-game training and other freelance services to fellow players – all with increased transparency and security.

“When we started Kinguin, we wanted to support and empower a rapidly growing community, that we believed was underserved,” notes Viktor Wanli, CEO and founder of Kinguin. “We are gamers ourselves and wanted our community to be able to freely trade their digital property, and now we are evolving our platform to the next generation with blockchain and smart contracts. Our users will continue to enjoy buying, selling, trading digital games, items, and now services, but with even more confidence that they’re operating on a trusted and secure network.”

In 2013, Kinguin, pioneered the first online marketplace to sell secondary cd-keys, digital games and goods. It has since saved its community of 7 million gamers more than 175 MM USD globally.  The company realized early on that the video game industry had transitioned into a community experience, and to better meet the needs of this community, has taken its marketplace to the next level.

Kinguin believes in the fundamental player rights of the gamer community, and the concept of decentralization provides a platform where free trade of digital products will ensure players aren’t subject to unfair exploitation.

“Today’s free-to-play game market is experiencing record-shattering growth, primarily by relying on players to invest a significant amount of time and money,” says Kim Rom, Chief Gaming Officer for Kinguin, and a 20-year veteran of gaming and esports. “However, there hasn’t been much focus on value creation for the player, and there’s a new generation of gamers and creators failing to monetize their biggest passion – until now. We can give control and earning power back to our community, by opening up revenue streams with our decentralized marketplace.”

With this launch, Kinguin has created an entirely new category – a “micro-services industry” for the global gaming community. It also plans to rollout a series of new features and developments within the next 6 months.

Krown Tokens

Kinguin seeks to raise 50MM USD through a series of private and public rounds over the next 2 years.

Each round will be tied to new product launches, so potential backers can be a part of the development, testing and verification process, and track progress. The reason for this approach, is that unlike other ICO offerings, Kinguin elects to receive payments over a structured period of time, as it moves forward from one milestone to the next. This method is most effective, to incrementally distribute funds back where they will be best utilized as the project develops.

The Krown pre-sale began March 15, 2018 at 3:03 PM CET, and the main sale will begin April 12, 2018 at 24:00 CET.  Krowns will not be available for purchase from residents in, or citizens of the USA, and China.

Krowns do not represent company shares or give rights to revenue sharing. The Krown is exclusively a utility token for accessing digital gaming experiences and items on the Kinguin platform, and from participating partner sites.

Kinguin will enforce stricter-than-market-standard criteria in the approval process, and all rounds will also adhere to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) policies. The company has also engaged MC2 Solutions to develop its smart contracts, all of which will undergo independent third party security and code audits, to ensure security and integrity. They will also be available on GitHub for review by the community and all interested parties.

Kinguin.io is a legally registered entity in Estonia and compliant with European laws and regulations. Interested participants in the offering can transfer most crypto or fiat currencies and will receive digital ERC23 compliant Krown Tokens in return.

Kinguin is happy to work with its users to educate them about the Krown, but is not a financial advisor. The company strongly recommends that participants consult with their own advisors.

For more information and complete details about this token offering, please visit:

https://kinguin.io/ and Telegram channel: https://t.me/KinguinICOPublic.

About Kinguin

Since 2013, Kinguin has fast become the largest alternative marketplace to Steam, Origin, and Battle.net with more than 7 million loyal customers, globally. Its mission is to provide users the opportunity to buy, sell and trade video games at a fair price with an innovative hassle-free, trusted and secure platform. Community is at the heart of Kinguin, and it supports the Kinguin Guinness World Record and the Kinguin For Charity Tournaments in partnership with Child’s Play Foundation.

Kinguin is 100% compliant with international and local laws in every major jurisdiction including EU Directive 2008/8/EC, which provides VAT on telecommunications, broadcasting and electronic services supplied by a supplier established within or outside the EU to non-taxable persons established within the EU, and charged in the member state of individual customers.

For more information visit, https://www.kinguin.net and https://www.kinguin.io.

Media Contact

Cameron Carson, Kinguin

[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.

Draper Dragon Fund joins OPEN’s mission to pave the road for true cryptocurrency adoption by empowering software developers

SAN FRANCISCO, CA — March 30, 2018 — OPEN, the first blockchain payments infrastructure for applications, today announced the addition of Tim Draper’s Draper Dragon Digital Asset Fund, a venture capital firm that invests in early-stage, high growth companies with market appeal in Silicon Valley and Asia. The firm’s managing director, Andy Tang, will support OPEN as they build the first ‘developer wallet’ through its inception of blockchain’s first payment infrastructure for centralized and decentralized application developers.

“As a prominent leader in the blockchain space, Draper Dragon’s backing is a tremendous endorsement for OPEN’s technology for blockchain payments,” said OPEN CEO and Founder Ken Sangha. “Their support strengthens our vision of becoming a catalyst for blockchain adoption and integration by empowering mainstream software developers.”

OPEN appeals to existing applications and new applications by enabling current applications to integrate OPEN’s technology without having to redevelop existing application stacks. Further, a developer’s application can be ported to various smart contract based blockchains through a single integration by piggybacking off of OPEN’s Scaffold.

Centralized applications, including leading entertainment platforms and mobile games, such as Netflix and Candy Crush, as well as newer decentralized applications, can incorporate OPEN’s accompanying payment rails applications needed to accept blockchain and cryptocurrency technologies in a way that applies to many current application infrastructures.

Most applications require the use of off-chain technologies, meaning traditional components that do not exist on blockchains such as a database to interact with transactions taking place on the blockchain, thus requiring applications to realistically require both on-chain and off-chain components. OPEN provides this missing infrastructure for developers to enable application backends to interface with blockchain wallets and the two-way communication of payment data between on-chain and off-chain systems.

OPEN’s current application developer partners consist of both centralized and decentralized applications from a variety of categories from gaming to enterprise partners. OPEN’s developer growth program is aimed at supporting application developers to build blockchain or cryptocurrency integrations via funding, marketing, technology and growth acceleration.

The OPEN team has years of experience founding, growing and developing mobile applications, including leading application development for Facebook, Grindr, Samsung’s Milk Music, Viacom’s video suite and deploying the Asia-Pacific headquarters for multi-billion dollar giant, Pivotal Labs. OPEN’s leadership is part of the most prestigious blockchain groups from Blockchain at Berkeley to the Blockchain Research Institute, and have contributed to a number of on-chain projects and Solidity libraries.

About OPEN

OPEN bridges the gap between traditional application developers and the coming era of blockchain technologies. By providing a standardized infrastructure that interfaces the two architectures, developers can realize the benefits of cryptocurrencies and blockchain technologies using OPEN’s platform without having to retool their application’s stack from the ground up. For more information about OPEN, www.openfuture.io or join us on Telegram, Twitter, Facebook, and Reddit.

About Draper Dragon Fund

Draper Dragon, formerly known as DFJ Dragon Fund China, is a private equity and venture capital firm specializing in seed, startup, early stage, mid stage, and bridge financing. The firm seeks to invest in technology companies, companies throughout a widely-defined technology arena, mobile internet, clean tech, media, and internet software and services companies. It prefers to invest in China-centric companies. The firm typically invests between $3 million and $5 million. The firm provides operating guidance to the portfolio companies from time to time. Draper Dragon was established in March 2006 and is headquartered in Menlo Park, California with additional offices in and Shanghai, China.

Media Contact: Transform Group, [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.

Insurance firm refuses $2.8 mln claim by hacked crypto exchange Youbit, citing failure to disclose information, which exchange sees as excuse not to pay. #NEWS