Day: April 13, 2018

When Telegram announced they would host an initial coin offering, the media attention was overwhelming. Now that most of this funding has concluded successfully, it has become apparent that the company raised a lot of money in the process. At the same time, there is a fake Telegram company registered in the UK which raises a ton of questions.

Beware of the Fake Telegram Company

While most people can tell the real Telegram from a fake company, that situation may prove to be different in the United Kingdom. More specifically, it seems there is a clear clone of Telegram registered in the United Kingdom, even though it has nothing to do with the actual company. This bold approach by scammers and criminals clearly paints a worrisome picture.

What’s more, the fictitious Telegram company lists Telegram founder Pavel Durov as its sole shareholder. How the company got away with filing that information without raising any suspicions will always remain a mystery. The name of this venture is Telegram Open Network Limited. That name is pretty interesting, as it is almost the same name as the real Telegram’s ICO venture.

As one would expect, this UK firm has nothing to do with Pavel Durov. In fact, he wasn’t even aware of this particular firm until it made some media headlines last week. Anyone who takes a closer look at the company’s listing will clearly see that it is not the real deal. Pavel Durov is not a British citizen, and his base of operations isn’t in the United Kingdom either.

Additionally, one has to wonder how Telegram Open Network Limited managed to get its listing approved. The firm claims to have 800 million GBP in paid-up capital. That is anything but the case, as this fictitious firm probably has no real funds backing it up at all, as a significant investment would invoke a hefty tax bill.

Unfortunately, it has become relatively easy to incorporate fictitious and fraudulent companies in the UK. Considering that applications can self-certificate in exchange for a small payment, anyone can set up a company in the UK right now. This is also why we have seen so many UK-registered cryptocurrency scams over the past few months.

It will be interesting to see what happens to this fictitious company in the future. It is very likely some legal action will be taken against the people registering it, although there is no indication as to who actually did so. Newly-registered companies sign a statement of compliance, though, which may lead to the authorities finding the people behind Telegram Open Network Limited. Whether or not more fake companies will be registered in the future remains to be seen.

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Lesser-known cryptocurrencies such as XVG, EOS, and ONT continue to outperform the majors.

A Blockchain-powered platform which aims to become the world’s largest hub for genomic data has established a “hugely significant” partnership with the Indian state of Andhra Pradesh.

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Shivom wants to enable people around the world get their genome sequenced, allowing them to benefit from medicine that is personalized to fit their needs.

Andhra Pradesh is India’s eighth-largest state with a population of more than 60 mln people. The deal to help the local government revamp its healthcare system will commence with the initiation of a pilot program in one of the largest medical institutions in the region, establishment of a development centre at Fintech Valley in Vizag, and alignment with the International Institute of Digital Technologies at Tirupati on cybersecurity and analytics.

J A Chowdary, the IT adviser to the state’s chief minister, said: “Our partnership with Shivom explores the possibilities of providing an efficient way of diagnostic services to patients of Andhra Pradesh by maintaining the privacy of the individual data through Blockchain technologies.”

Both parties hope the collaboration will help the health service shift its approach from reactive to more preventative medicine.

Diversifying genomic data

According to Shivom, some of the benefits for patients who have their genome sequenced include the ability to predict whether there is a risk of them developing certain conditions in the future, potential to prevent disease, and an opportunity to select a treatment plan including the medication and dosages that may prove most effective.

The company views the partnership with Andhra Pradesh as particularly significant because there is a lack of diversity in the genomic data currently used by scientists worldwide.

“This results in exclusion, as minority and under-represented groups miss out on the benefits from advances in predictive and personalised medicine because genomic variations that exist in their ethnic or geographical location will not be present in the data that researchers are working with,” explained Dr Axel Schumacher, the CEO of Shivom.

The cost of DNA sequencing has fallen significantly in recent years and continues to do so.

Donors who participate in Shivom’s project retain full control of their record and can decide who accesses it in the future – with the opportunity to earn rewards for providing their information for pharmaceutical and research developments.

Gourish Singla, Shivom’s Chief Operating Officer, said: “We view the future with consumers retaining complete control of their own health data. Most of us are oblivious to the implications of giving away personal information, and the recent Facebook and Cambridge Analytica issue has demonstrated just how important it is to be aware of who owns your data and what they are doing with it.”

Shivom says it is now in talks with other governments around the world to see how DNA sequencing could revitalize their healthcare systems and benefit citizens.

Forming strategic alliances

At the beginning of March, Shivom also announced it had forged a partnership with publicly traded (Nasdaq: Gene; ASX: GTG) molecular diagnostics company Genetic Technologies Limited (GTG).  

The goal of the collaboration is to help GTG continue its development of predictive tests for cancer as it benefits from an increasing pool of data covering new markets and different ethnic backgrounds. Meanwhile, Shivom will benefit from access to GTG’s CLIA-accredited laboratories.

Shivom’s platform is driven by the interplay of OmiX tokens – and registration is currently open for a token presale which is due to take place from April 16-22.

Coinsecure, one of the leading cryptocurrency exchanges in India, announced the biggest heist in the country so far, valued at $3.3 million. The CEO of the bitcoin exchange, Mohit Kalra, has accused his Chief Strategy Officer (CSO) of stealing 438 Bitcoin from the operator’s main wallet.

Coinsecure Reports $3.3 Million Worth Theft

Coinsecure has fallen victim to a cryptocurrency theft worth $3.3 million, as 438 Bitcoin were stolen. The New Delhi-based exchange reported the incident after customers submitted complaints to the platform regarding difficulties in withdrawing funds. The company sent out emails to users and released an official statement explaining the occurrence: “We regret to inform you that our bitcoin funds have been exposed and seem to have been siphoned out to an address that is outside our control”.

Coinsecure added a scanned copy of a police complaint CEO Mohit Kalra filed with New Delhi police. Kalra filed an FIR (First Information Report) with the Cyber Cell of Delhi. According to the exchange, the Chief Strategy Officer Amitabh Saxena is at the center of the incident. The company claims the funds were lost while he was extracting Bitcoin Gold to distribute to their customers.

“Our system itself has never been compromised or hacked, and the current issue points towards losses caused during an exercise to extract BTG [Bitcoin Gold] to distribute to our customers”, said the statement.

“The current issue points towards losses caused during an exercise to extract BTG to distribute to our customers. Our Chief Strategist officer (CSO) Dr. Amitabh Saxena was extracting BTG and he claims that the funds have been lost in the process during the extraction of the private keys”, Coinsecure added.

Saxena claims the Bitcoin was stolen “due to some attack”. CEO Mohit Kalra, however, wrote in the police complaint that Saxena is “making a false story to divert attention and might have a role to play in this entire incident. The incident reported by Dr. Amitabh Saxena does not seem convincing to us.”

Only the CSO and the CEO have access to the private keys of the company’s official wallet. CEO Kalra has asked New Delhi police to seize the CSO’s passport on fears that he “might fly out of the country soon.”

Coinsecure was founded in June 2012 with the mission of promoting awareness and attract newcomers to the cryptocurrency space. Media outlets and meet-ups organized across India have provided the momentum needed to take further steps. Coinsecure was acquired in June 2014 by Delhi-based industrialist, Mohit Kalra, who joined as Chief Executive Officer. “Connecting India to Bitcoin”, the company’s motto, has enabled the team to work on next-generation offerings for the cryptocurrency ecosystem in India.

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The Bitcoin market has finally pushed over the $8,000 barrier, after a first attempt on April 12.  Bitcoin is up and trading at $8,053 as of Friday, April 13. In the meantime, experts predict the bitcoin price to surge higher.

Bitcoin Steadily Breaks $8,000 As Analysts Expect Another Surge

Bulls seem to be back in action as the price of Bitcoin was able to return above the $8,000 despite the downward pressure observed in 2018. With trading volumes below $5 billion throughout the whole week, the surge seen yesterday brought a new spark to the market, which has doubled the transaction volumes to nearly $10 billion on Friday.

Expert analysts are forecasting another surge in the price of Bitcoin. Danny Masters, Chairman of CoinShares, told CNBC’s Fast Money that Bitcoin, “the reserve currency for cryptos”, is about to bounce back. Masters expects the market to regain confidence as sidechain companies develop usable technologies in the next nine to 18 months.

Supporting the reinvigorated upside are the current geopolitical tensions between the United States and Russia amid a potential military intervention in Syria. Fear drives investors away from higher-yielding assets as they flock towards safer assets, such as gold. Cryptocurrency enthusiasts tend to view Bitcoin as digital gold. Mark Cuban, the billionaire Shark Tank personality, has said he prefers bitcoin to gold, albeit marginally.

In recent months, the Bitcoin price declined by as much as 65% compared to late 2017. Many different factors were behind the sell-off, and the tax season is one of them. Given that taxpayers have a lot more capital gains tax in 2017 than originally expected, Bitcoin holders are finding themselves in need to sell more of their portfolio in order to pay those taxes. That helps explain the negative bias in recent months. With these concerns almost gone, the markets are rebounding strongly.

According to the Tradingview platform, the price of Bitcoin reached a high at $8,200 and the digital currency has been able to be sustained above the $8,000 line. The whole cryptocurrency market is on a green day, with most top coins and tokens posting double-digit gains in the last 24 hours. Bitcoin is up by 13.51%, Ethereum gains 17.12%, and Ripple surges by 20.59%.

The biggest winner in the top 20 cryptocurrencies by market cap, according to Coinmarketcap.com, is IOTA, which is up by 28.36%. Golem (125.47%) and Bitcoin Private (115.49%), ranked #35 and #31 in the top 100 by market cap, are up by three digits.

Technical indicators for today were pointing to the resume of the selloff if the price failed to break the 200 SMA (4-hour) dynamic inflection point. The traction gained yesterday represents a bullish breakout from the symmetrical triangle formation on its short-term charts, which may lead to a move all the way up to the resistance and area of interest. The next potential resistance is near the $10,000 mark.

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In the world of cryptocurrency, there can never be enough wallets. Every single one of those offerings brings something unique to the table. In the case of Darico, the company’s Gnius wallet seems to check a lot of the right boxes. Although it’s still in alpha testing, the solution offers a fair bit of functionality and support to users.

An Overview of Gnius

Although the name would not necessarily suggest it, Gnius is a cryptocurrency wallet. This alpha-stage wallet is the brainchild of the Darico team, who aim to make cryptocurrency easier to access and invest in. Doing so will be quite challenging, as different users have different needs when it comes to wallets related to this new form of money.

As one would expect from a brand-new cryptocurrency wallet in alpha stage, there is still a lot of work to be done. Gnius currently works on Mac and Linux, with a Windows version “coming soon”. Considering that most cryptocurrency enthusiasts rely on Windows for their crypto needs, it is strange to see that platform not being supported out of the box.

For those users who can access the wallet, they can import a private key from a different wallet, as well as send and receive Ethereum, ERC20 tokens, and the native DEC token. Other functionality will be added later, as there is no way to directly invest in other cryptocurrencies or tokens as of right now. How that will be tackled exactly remains to be determined, though.

One question a lot of people may ask themselves is why the world needs another cryptocurrency wallet. Making this new form of currency more accessible to the masses will not be easy by any means, even though a built-in investment feature will certainly attract a lot of positive attention – assuming the Gnius developers can add this type of functionality in future versions.

Based on the images on its website, future versions of Gnius will have a very clean layout letting users keep track of their tokens. It is clear this wallet is mainly oriented toward desktop users, although a mobile version will be made available in the future as well. Creating a unified wallet experience for cryptocurrency users is not something we see every day, which means Gnius can make a positive impact in this regard.

The alpha release of the Gnius wallet marks an important milestone for the Darico team. Although their roadmap does not include any further wallet developments for 2018, it seems safe to assume things will continue to evolve as the year progresses. As is usually the case with a new wallet solution, always do your own research before storing thousands of dollars worth of cryptocurrency in it.

Two bitcoin brokers in Singapore were assaulted and robbed by nearly $300,000 in cash while meeting with a prospect bitcoin seller offline.

While the cryptocurrency world is not immune to pump-and-dump schemes, it is evident some currencies tend to go up in value for no apparent reason. As of right now, the Bitcoin Private price is getting a massive pump, even though the currency has no real purpose as of right now. With a value of $31.37. it remains to be seen how high the BTCP price can go in the coming hours and days.

Bitcoin Private Price Pump Intensifies

It is good to see all of the top cryptocurrencies not some big gains in the past 24 hours. Although there is still a fair of bearish momentum in the market as well, things are certainly looking rather promising as of right now. Even the Bitcoin Private price is getting a hefty pump for no good reason, albeit every dog has its day, even in the cryptocurrency industry.

To put all of this into the proper perspective, the Bitcoin Private price has surged by 92.9% in the past 24 hours. Such gains are very spectacular and also a clear indication as to how this altcoin has no natural or organic growth whatsoever. Bitcoin private also gained 79.4% over Bitcoin, which only further confirms this pump will turn into a massive dump pretty soon. When that happens, we will see the Bitcoin Private price return to its normal level of $17 and potentially lower.

It is unclear what is driving this sudden interest in Bitcoin Private, as this hard forked currency has no real use cases other than speculation. Although most people would argue that goes for all cryptocurrencies, there are a few reasons why people treat Bitcoin as a currency rather than just an investment vehicle. With Bitcoin Private, that story is completely different as of right now.

The current BTCP trading volume of $1.525m is quite abysmal, although it is mainly determined by people trying to get in on the pump action before the sentiment reverses course. FOMO is a very real trend in the cryptocurrency world, and it seems Bitcoin Private is the go-to pump as of right now. Tomorrow it will probably be a different coin, as the Bitcoin Private price action grinds to a halt.

Trade Satoshi is the largest exchange for Bitcoin private trading, alongside with Nanex. Neither of these platforms is well known, although Nanex is a platform designed for the Nano community. That makes it rather appealing for obvious reasons, although trading nano for BTCP may not necessarily be the smartest move as of right now. Exrates completes the top three, albeit its volume is 1.42% as of right now. This pump will quickly run out of steam, that much everyone can see.

With no fiat currency pairs in the top 5 for Bitcoin private, it is evident this momentum cannot be sustained. It doesn’t take all that much trading volume to crash this entire green candle on the charts and put BTCP back in its rightful place. How all of this will plan out in the coming hours and days, remains to be determined, but Bitcoin Private is not the currency to speculate on now, or in the future.

Dubai, April 13, 2018: Evareium, a digitized investment ecosystem, will disrupt the trillion-dollar realty asset class. Backed by several private founder investors during the initial fundraising rounds, Evareium has reached baseline critical mass on their ICO of a global real estate token model with excepted exponential growth throughout the world. Kick-starting from Dubai, they aim to further expand to global markets. This feature lists all the highlights about Evareium’s ICO sale.

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An investor’s guide to Evareium and its ICO sale

Making the most of the raised funds

The purpose of this ICO sale is to raise funds for acquiring high-yield real estate assets and executing multiple business-refocusing strategies.

At press time, the sale is live so the investors can buy the Evareium investment token or EVM anytime; the security token, EVM, is priced at USD 1. In total, there are 150,000,000 EVMs, and the sale will be completed in three phases with a soft cap of USD 90,000,000 and no predefined hard cap.

From the sale of these asset-backed equity tokens, the team aims to build a strong portfolio of different Smart Buildings. This strategy’s vision is to get real estate keeping in mind disciplined private equity principles. Once the portfolio is ready, the investors will begin accruing profits from the acquired properties. That way, the token-holders will improve their capital value growth with the portfolio’s uplifted value, with the earned rental yields, and with the gains received from the eventual disposal.

Apart from acquiring real estate assets, the raised funds will help the project’s team execute multiple business-refocusing strategies. These strategies are related to operational improvements, building remediation, energy savings, blockchain management, and business repositioning.

Patterned with excellence

Evareium.io uses an innovative, compelling innovative ecosystem model that successfully moves the interplay between stakeholders and real estate elements into a new digitized, decentralized world. The transition from the real world to the digital one is smooth because it is done by high-level partners including real estate and crypto-asset entrepreneur, Phillip Nunn; Alex Norta of Cedex and QTUM fame; and Paul Moynan from the celebrated Dragon Coin’s ICO.

Talking of excellence, the team backing this project is exceptional. The project’s core management team includes four members; one of them is the founder and CEO, Stefan Hickmott. Apart from the management team and blockchain experts, the project enjoys the support of the advisors having rich experience and deep expertise in successfully launching several ICOs.

For more details in this regard, the investors can go through a detailed white paper; over there, the investors will find in-depth coverage on every individual who is associated with the project. All these points highlight Evareium’s reliability and its potential to succeed in the future.

EVTs are the utility tokens that power the ecosystem

As it is mentioned, EVM is an asset-backed security token. However, there is one other token that will be Evareium blockchain’s prime utility asset—this token is known as EVT. The token will only be given as a proper bonus credit to subscribers. The chances of EVT owners getting benefited will completely depend on the utility token’s use; this use is expected to drive this digital asset’s intrinsic value.

Through blockchain, the Smart Buildings portfolio is given an unmatched transactional functionality across the portfolio. Essentially, EVT is the utility token that will be needed to extract the value from rents and other ancillary transactions flowing across this digital ecosystem. Also, the project’s management expects this utility token to have multiple applications that go much beyond the Evareium portfolio. The team behind the ecosystem is in talks with a number of facilities management companies and third-party real estate owners for incorporating and incubating EVTs across the entire Evareium ecosystem.

All the early EVM investors have already experienced the benefits of EVT bonus credit. These benefits, by and large, include co-investment opportunities and price discounts; plus, these early investors will receive all the notifications about different Evareium token strategies taking place in the future. Noting EVT utility token’s immense potential, Hickmott said, “Our ultimate playbook for EVT is the global real estate, travel, retail, and tourism industry — a US$ 10 trillion+ annual economic contributor globally, representing the largest industry sector in the world.”

So, all these factors definitely make this ICO worthy of an investor’s consideration. If there is any investor who wants to be part of the journey to digitizing the pipeline having real estate assets, then join Evareium’s crowdsale right away.

About Evareium: Evareium is an end-to-end ecosystem that is responsible for tokenizing the entire commercial real estate sector. The ecosystem is not just reimagining the transaction part of real estate assets; instead, it is revolutionizing different functional components of real estate operations. In short, for Evareium, the word “real estate” includes hotels, apartments, resorts, commercial units, retail outlets, restaurants, travel and tours, and education. That gives any investor a brief insight into the wide scope of the project.

Central Bank of Kenya (CBK) is now in line with other banks in blacklisting digital currencies and warns customers and banks dealing with it.

Bitcoin moved above the USD 8,000 mark yesterday for the first time since March after a bearish run and today jumped nearly USD 400 in an hour.

Bitcoin is currently hovering just above USD 8,000 (2pm UTC), representing a 17% gain since this time yesterday. The cryptocurrency topped out at USD 8,011 on Coinbase yesterday and against some analysts’ expectations, has maintained these recent price gains. According to Coinbase, Bitcoin moved through some volatile trading, reaching a low of USD 6,786 on Thursday morning.

The sharp rally was reportedly fueled by the unwinding of short trades (also known as short liquidation). The rise confirmed a double bottom bullish breakout backed by strong volumes encouraging buyers back into the market.

BTC margin shorts on Bitfinex stood well above December 2017 highs and volume analysis suggests that the rally is here to stay. Yesterday, the total trading volume across all exchanges topped USD 8 billion according to CoinMarketCap. Exchange platform Bitfinex registered a two-week trading high.

Cryptocurrencies have been under pressure over the course of the year, due in part to pending government regulations in the virtual currency environment and tax considerations. According to David Johnson, CEO of Latinum, another factor was the Mt Gox trustee’s sale of hundreds of millions worth of the digital currency. He added, “I believe the surge in Bitcoin price is connected more with decreased selling pressure than anything else.”

Another theory on the Bitcoin revival is the current global geopolitical situation with US tariffs threats on China and the threat of military action by the US in Syria, both events tempting Russians and Chinese to secure assets in Bitcoin.

Bitcoin investors had been bracing themselves for a market sell-off after it was announced at the beginning of April that US households could owe USD 5 billion in capital gains taxes for crypto holdings.

Recent developments regarding big players entering the industry such as George Soros and the Rockefellers are often viewed by commentators with a degree of positivity for the future of virtual currencies. Billionaire trader Tim Draper made his 2018 Bitcoin prediction in the last 24 hours, suggesting a coin value of USD 250,000 by 2022.

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