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The United Nations Office for Project Services will pilot the IOTA Foundation’s tangle technology to try and streamline work processes.
The United Nations Office for Project Services will pilot the IOTA Foundation’s tangle technology to try and streamline work processes.
As cryptocurrencies continue to increase in popularity and adoption, investors and users are experiencing an increase in malicious coin miners that utilize the semi-anonymity offered by cryptocurrencies for financial gain. ITWeb Security Summit This is according to Helge Husemann, product manager for Malwarebytes who spoke at ITWeb’s Security Summit 2018. Husemann hypothesized that because the mining process…
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As cryptocurrencies continue to increase in popularity and adoption, investors and users are experiencing an increase in malicious coin miners that utilize the semi-anonymity offered by cryptocurrencies for financial gain.
This is according to Helge Husemann, product manager for Malwarebytes who spoke at ITWeb’s Security Summit 2018.
Husemann hypothesized that because the mining process can turn profits using regular computers paired with cross-platform compatibility, ‘the opportunity for threat actors and new attack vectors are steadily rising.’
“Hundreds of thousands of compromised machines are now working to mine for the latest and hottest digital currency in the market,” said Husemann. “Criminals that have compromised various IoT [Internet of Things] devices and assets to assist in illegal cryptocurrency mining have earned attackers an estimated $100 million to date. Mining tools illegally installed on business systems have caused applications and hardware to crash, causing operational disruptions lasting days and sometimes even weeks.”
With the boom in value of cryptocurrencies last year, ransomware variants like Wannacry, Notpetya, and Badrabbit caused the most damage, said Husemann. But he also asserted that crypto-jacking — the unauthorized use of someone else’s computing power to mine cryptocurrency — is increasingly being used in 2018.
The fluctuations of Bitcoin’s value, a problem for the business model of ransomware that relies on quick and repeated attacks characterized by small payments, as well as the development of new attack techniques able to provide a better payout ratio, have rapidly pushed crypto-jacking to the top of the info-security issues.
Husemann said last year YouTube experienced a threefold increase in illegal coin-mining via malware-embedded ads. He noted that Showtime, Browsealoud, as well as U.K. government websites, and more, fell victim to illegal mining activities — some of which went undetected for several months, netting the hackers behind the attacks hefty profits.
He said that on average, Malwarebytes has been blocking eight million malicious mining attempts per day — equating to an astonishing 248 million per month.
“The illicit gains from illegal crypto-mining contribute to financing the criminal ecosystem, costing billions of dollars in losses and disruption of business services from compromised assets.”
The cryptocurrency Monero — the 12th largest by market cap — is particularly suitable for crypto-jacking campaigns. According to Husemann, what makes Monero different from other cryptocurrencies is that it is cross-platform compatible, which means it doesn’t require the development of specific hardware that other coins like Bitcoin do.
Because of these features, what Husemann calls the ‘attack surface’ has dramatically increased — permitting attacks to go on across many IoT-connected devices at the same time:
“This January, our telemetry indicated that several million handheld devices were being redirected to specifically designed websites to perform nefarious Monero mining. [Moving forward] we can expect more IoT devices being compromised for the purpose of blockchain mining.”
Featured image from Shutterstock.
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DASH is currently the 12th largest crypto by market cap ($2.9B) and is currently trading at US$3.63. Formerly known as Darkcoin, DASH was launched by Evan Duffield in January 2014. The Darkcoin name was dropped due to an invariable association to unsav…
DASH is currently the 12th largest crypto by market cap ($2.9B) and is currently trading at US$3.63. Formerly known as Darkcoin, DASH was launched by Evan Duffield in January 2014. The Darkcoin name was dropped due to an invariable association to unsavoury darkweb activity. Along with Zcash and Monero, DASH is part of a small competing subgroup of so called ‘Privacy’ Tokens, that seek to offer greater user security comparative to Bitcoin. Its unique selling point is the privacy, speed and cost efficiency of transactions on its network
American Express has launched a blockchain-based rewards program that allows merchants to more specifically target promotions to customers
American Express has launched a blockchain-based rewards program that allows merchants to more specifically target promotions to customers
Transaction banking faces continued pressure from disruptive solutions from blockchain and cryptocurrency ventures, which are taking a significant share of a once-upon-a-time undisputed market. While bleeding customers and transaction volumes, banks remain confident that its legacy technology is ‘good enough for now.’ Banking Industry in Denial While Losing International Payments Business Over the last year,…
The post Banks Lose International Payments Business to Disruptive Solutions Like Blockchain appeared first on NewsBTC.
Transaction banking faces continued pressure from disruptive solutions from blockchain and cryptocurrency ventures, which are taking a significant share of a once-upon-a-time undisputed market.
While bleeding customers and transaction volumes, banks remain confident that its legacy technology is ‘good enough for now.’
Over the last year, banks have lost 40% of market share for consumer-to-consumer (C2C) cross-border payments to non-banks.
Data on consumer-to-business (C2B) and business-to-business (B2B) payments also show that businesses are going around financial institutions in order to have their international payments processed in a fast, secure, and cheaper way. Banks have lost 30% of the C2B payments market and 5% of the B2B market.
Jinal Surti, Director of Business Operations at Ripple, the real-time gross settlement system and remittance network based on distributed ledger technology, is appalled that banks at the annual BAFT Conference this month are okay with their legacy systems in spite of the disruption in the space.
“It worries me that banks believe this. Far too many leaders in the space are missing the forest for the trees — shrugging off advances as not important to their business objectives today, or in the future.”
Non-banks are taking over an increased market share of international payments and are being able to cater to a wider range of client profiles in an increased number of services.
TransferWise used to serve consumers only and is now offering services, including process batched payments, to small- to medium-enterprises (SMEs). The platform’s role has widened from being a cross-border payments service to a multi-currency account holder for businesses and a deposit holder with its customers.
Non-bank institutions are proving banks are no longer essential as they become just a ‘utility’ in the system. The economy no longer needs liquidity services from banks to process international payments as digital assets made it possible for small banks and non-banks to send money with no pre-funded destination liquidity.
Cryptocurrency is democratizing the global access to finance and liquidity while forcing a re-shuffle of the banking hierarchy. Quality customer experience will dictate the industry leaders in the business as they compete with scalable, real-time, and on-demand infrastructure that reduces the marginal cost of a transaction, potentially to zero.
“The traditional banking infrastructure is failing and banks need to employ new technology today to remain competitive. Because payments are just the beginning. Losing payments leads to losing a lot more,” Ripple’s Surti added, as the company positions itself as a remittance solutions provider for the banking industry.
Featured image from Shutterstock.
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IBM CEO Virginia Rometty has announced a two-year plan to create 1,800 new jobs in France in areas including blockchain, AI, and IoT
IBM CEO Virginia Rometty has announced a two-year plan to create 1,800 new jobs in France in areas including blockchain, AI, and IoT
After Tron, EOS is the only coin whose losses are at least moderate-they aren’t too way off. Even after EOS sellers stepped on the gas, prices are still down 10 percent in the last week. In theory, EOS prices should be bubbling in the run up to EOSIO mainnet launch but unexpectedly, we are contend…
The post EOS Losses $5 Billion in Three Weeks: EOS Price Analysis (May 24) appeared first on NewsBTC.
After Tron, EOS is the only coin whose losses are at least moderate-they aren’t too way off. Even after EOS sellers stepped on the gas, prices are still down 10 percent in the last week. In theory, EOS prices should be bubbling in the run up to EOSIO mainnet launch but unexpectedly, we are contend with a contrarian situation dominated by sellers. If we gauge the strength of EOS sell pressure then it is likely that they might test $7.5 on the lower end if not $10. At around these levels, we should be searching for bullish opportunities.
EOSIO proposes some interesting features for their would-be customers. Perhaps one of the most stands out promise is the almost zero transaction fees for DApp developers. Others include speed, horizontal and vertical scalability and a completely decentralized environment approved by block producers chosen by the community.
This is on top of free asynchronous communication channels through their EOSChat. Several exchanges including Huobi Pro, Binance and BitFinex are bidding to be block producers but one thing should be clear for them .There are high inclinations for these mediums or network validators to uphold objectives and virtues they are representing. These are normal EOS coin holders desirous of a platform that upholds all the qualities EOSIO and Block One laid down for them.
So, as the clock ticks down for them, EOSIO and Block One are after drilling down the benefits of blockchain for all those who care to listen. This is the reason why they have set up not only an education drive through the Virginia Tech dedicating $3 million for them to develop a curriculum, hire tutors for students. Besides, they have EOS VC. Through this Block One arm, all Venture Capitals who support startups or firms desirous of developing on the EOS platform shall receive part of the $1 billion fund.
On the liquidity front, EXMO Exchange is the latest to list EOS. In a statement, EXMO said they were busy improving the quality of service and the best way is to increase the number of trading tools for active traders.
The #EXMO #cryptocurrency exchange is expanding its list of accessible trading instruments for active traders and announces the addition of the #EOS cryptocurrency to its listing.
Read more: https://t.co/TsdIGYc2hq pic.twitter.com/ojdZLfAeuy— EXMO (@Exmo_Com) May 18, 2018
Deducing everything from the chart, bears have recovered 100 percent of week ending April 29 gains. That’s impressive. This can turn out to be a long covering before a potential recovery. On the other hand, it can mean bears are angling to make a comeback. As it is, the average volumes in the last three weeks have been around 80 million and that is less than what propelled week ending April 29 candlestick when prices moved above $20 in the process printing EOS ATHs.
Technically, I remain bullish considering this misalignment in market participation levels and volumes. Concurrently, while there are chances that buyers might jump in and help lift price action in the run up to June 2 mainnet launch, odds are prices might pose and consolidate before we see resumption of bullish trend in line with that conspicuous ATHs printing candlestick.
Like the weekly chart, prices are trickling down in the daily chart. As a matter of fact, yesterday’s prices are playing along May 22 break below $13 or May 18 lows. That’s a clear indication that bears are in charge and rising volumes can be used as clear pointers. The thing is, I expect enormous amount of buy pressure to put to an end this incessant sell pressure. As such, I expect support anywhere between $7.5 on the lower end and $10. Before then, unless otherwise, look for selling opportunities in lower time frames.
The post EOS Losses $5 Billion in Three Weeks: EOS Price Analysis (May 24) appeared first on NewsBTC.
All coins in the top 10 are in a decline printing losses in the last 24 hours. Even EOS and Tron are in negative territories despite major market moving events coming in less than two weeks. Well, this is good for value traders who are busy buying on dips in lower time frames. In my…
The post Unverified Source Claims Tron-Alibaba Deal Will Be Officially Announced Shortly After Mainnet Launch: EOS, Tron, Litecoin, Stellar Lumens and IOTA Price Technical Analysis (May 24) appeared first on NewsBTC.
All coins in the top 10 are in a decline printing losses in the last 24 hours. Even EOS and Tron are in negative territories despite major market moving events coming in less than two weeks. Well, this is good for value traders who are busy buying on dips in lower time frames. In my view, Tron, IOTA, EOS and Litecoin have high chances of appreciating especially if they find support today or tomorrow. If EOS for example spring back above $13, buying would be a good move. Otherwise, $7.5 can be a reality sooner than later.
Like the rest of the market, EOS is on a slide losing 11 percent in the last 24 hours. It’s but a counter move and completely fading our upbeat feel. Yes, we have a mainnet launch on June 2 and with less than 10 days to go, there is a wriggling room for EOS sellers to drive prices lower. Now that prices are trading below our previous support line, now resistance at $13, it’s likely that EOS might find support anywhere around $7.5 and $10. These levels are previous reaction points and mark the upper and lower limits of a previous consolidation. However, if there are reversals today and buyers pump EOS above $13 with extra ordinary volumes, then it can be a conspicuous shift of sentiment and a potential invite for buyers to join. Otherwise, keep selling on every high on lower time frames.
After Tap Jet, CheapAir.com now allows payment in Litecoin. Cheap Air became the world’s first flight and hotel booking company to allow payment in Bitcoin back in 2013. They also allow payments in Bitcoin Cash and DASH helping diversify payment options for their customers when making hotel or flight bookings. Citing demand, a representative from Cheap Air said they have been listening to customer requests and are now acting by availing alternative currencies to their clients.
Technically, Litecoin is bearish and trending below $130 following that spike on March 22. While odds are this may continue towards $110, any attempts of higher highs and rejection of lower prices may lead to reconsideration of our sell projection. So, aggressive traders might sell and if prices edge below $115 today then look for sells in lower time frame on May 25 and load.
Notwithstanding, regardless of our positive assertions, Stellar Lumens prices dipped, taking our stops at 28 cents with it. Now, what we have now is a bearish break below just like what we are seeing in most coins under our focus. The thing is, will there be a confirmation today and increase of yesterday’s 12 percent price erosion? Advised by this, I will remain neutral unless otherwise.
If you invite a bud to the Tron Telegram channel, you qualify for a Justin Sun initiative, the Tron Candies. Through Twitter Justin said he has “millions of TRX Candies” and all you have to do is click on to an invitation link and use your ETH public address to receive funds. Though the promotion is not available in the US, China, New Zealand, South Korea and Canada, it will be a chance to earn free TRX tokens simply by sending invites. This marketing stint ends on June 1.
Despite these sharp declines, Tron is down 13 percent in the last 24 hours. It was inevitable especially if we consider technical formations in the last 48 hours or so.
Talking of news, there are unconfirmed reports that the much anticipated Tron-Alibaba partnership is already signed. Announcement would be made shortly after mainnet launch and later Tron shall be listed in a leading exchange for liquidity and price stability purposes.
Note that even though there was an elevation in market participation, bears commanded the day pushing prices back to May 18 lows at 6.5 cents. Volumes are not that great and if there is a confirmation of that double bar bear reversal pattern we saw on May 20 and 21, it’s likely that Tron sellers might penetrate support and test 6 cents. Anyhow, without speculating, let’s see what happens. We remain net bullish and looking forward for buys anywhere between 6 cents and 6.5 cents.
Of course their partnership with the UN was a CSR and a good gesture by the IOTA Foundation who are an NGO. With IOTA, the UN and their partners would be in a position to access and leverage on the DLT ability to secure and time stamp all of their documents in an efficient manner. Besides, DLT technology tags with it transparency as everything can be tracked within the network.
Price wise, IOTA is on a down trend just like their peers. Nevertheless, IOTA remains a long term buy hold and we shall be looking to buy at better value suppose there is a break below our main support line at $1.5. As we can see, IOTA is down 19 percent in the last week and 15 percent in the last 24 hours meaning sellers are indeed in charge. We are short term bearish and should there further losses, sellers should aim for $1 or 90 cents.
The post Unverified Source Claims Tron-Alibaba Deal Will Be Officially Announced Shortly After Mainnet Launch: EOS, Tron, Litecoin, Stellar Lumens and IOTA Price Technical Analysis (May 24) appeared first on NewsBTC.
Cryptocurrency exchange Coinbase has taken another step toward trading ERC20 tokens by acquiring decentralized relayer Paradex. ERC20 is the Ethereum technical standard that the majority of initial coin offering …
Cryptocurrency exchange Coinbase has taken another step toward trading ERC20 tokens by acquiring decentralized relayer Paradex. ERC20 is the Ethereum technical standard that the majority of initial coin offering (ICO) tokens are based on.
Paradex announced the news on its website today, May 23, 2018, adding that its site will be down temporarily while it works to make the integrations with Coinbase.
Paradex bills itself as a decentralized exchange (DEX), meaning no third party is involved in holding the funds. Instead, users can use the platform to trade ERC20 tokens directly wallet to wallet. Paradex is built on top of the 0x (pronounced “zero x”) protocol.
Right now, Coinbase trades four coins: bitcoin (BTC), bitcoin cash (BCH), ether (ETH) and litecoin (LTC). Adding ERC20 tokens could significantly boost the number of digital assets it carries. Due to the ICO boom that has taken place over the last few years, thousands of different ICO tokens are now available.
But because U.S. regulators are in the midst of clarifying their stance on virtual currencies, many exchanges are holding back from listing ICO tokens. In March 2018, the U.S. Securities and Exchange Commission (SEC) issued a clear warning to virtual currency exchanges that some ICO tokens may qualify as noncompliant securities, and any exchange that lists security tokens needs to either register as a national securities exchange or operate under an exemption and set itself up as an alternative trading system (ATS).
To that end, in April 2018, Coinbase reportedly entered into talks with the SEC to take steps to become an ATS. In a possible lead-up to those plans, in late March 2018, Coinbase announced it was adding support for ERC20 into all its trading platforms.
In a blog post, Coinbase CEO Brian Armstrong stated that Coinbase is initially planning to offer Paradex to customers outside of the U.S. and eventually to its U.S. customers.
Coinbase offers two types of trading platforms: Coinbase for novice traders and GDAX for the more experienced traders. According to Reuters, Coinbase is revamping GDAX and rolling it over to a new service dubbed “Coinbase Pro” next month.
This article originally appeared on Bitcoin Magazine.
On Wednesday, May 23rd, 2018 20:00 (SGT), we are planning to open the whitelist for an addition of 2000 applicants. The KYC/AML procedure was recently opened for applicants interested in taking part in the Essentia ICO. Shortly after the announcement, we received more than 100,000 applications for the whitelist. Due to that fact we had to temporarily close the whitelist application. Due to increased interest in the project and crowdsale, we decided to grant an additional time window to sign up for the whitelist and perform the KYC/AML procedure. If you are not sure what you have to do to
On Wednesday, May 23rd, 2018 20:00 (SGT), we are planning to open the whitelist for an addition of 2000 applicants.
The KYC/AML procedure was recently opened for applicants interested in taking part in the Essentia ICO. Shortly after the announcement, we received more than 100,000 applications for the whitelist. Due to that fact we had to temporarily close the whitelist application.
Due to increased interest in the project and crowdsale, we decided to grant an additional time window to sign up for the whitelist and perform the KYC/AML procedure.
If you are not sure what you have to do to get whitelisted, check out the dedicated post.
Just a little reminder, Essentia successfully raised over $20m during the pre-sale at the beginning of May. With the pre-sale successfully completed, we will begin with the public ICO on June 7th, 2018. A total of 595 million ESS tokens will then be distributed among all the participants (pre-sale+public crowdsale).
Take part in the coming decentralized revolution!
Join the whitelist on the 23rd of May!
For more information please visit our website and be sure to join the Essentia Telegram.
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 intensive development of the cryptoeconomy opened up a wide set of options for new types of investments. The acquisition of cryptocurrencies and tokens of ICO projects have become a substantial alternative to traditional investment options. The prospect of the given direction lies in a rapid tokenization of different assets in different sectors of the economy. Implementation of blockchain technology will change the investment environment forever and will allow purchasing of almost all types of existing assets in digital format. Currently, certain amounts of crypto funds are formed, offering crypto-asset portfolios and their numbers keep growing. Accordingly, new branches require
The intensive development of the cryptoeconomy opened up a wide set of options for new types of investments. The acquisition of cryptocurrencies and tokens of ICO projects have become a substantial alternative to traditional investment options. The prospect of the given direction lies in a rapid tokenization of different assets in different sectors of the economy. Implementation of blockchain technology will change the investment environment forever and will allow purchasing of almost all types of existing assets in digital format.
Currently, certain amounts of crypto funds are formed, offering crypto-asset portfolios and their numbers keep growing. Accordingly, new branches require formation of support tools. These will provide the help that makes it possible to facilitate interaction between market participants and then guide them to a new level.
Recently, in an interview with Yahoo Finance, a known investor-billionaire Warren Buffet expressed his opinion regarding financial investments into cryptocurrency: “You aren’t investing when you do that. You’re speculating. There’s nothing wrong with it. If you wanna gamble somebody else will come along and pay more money tomorrow, that’s one kind of game. That is not investing.”
Buffet’s position, who made his fortune with the help of traditional financial tools, is understandable. Indeed, the cryptoindustry is a branch that needs to win the trust among ordinary investors. Nevertheless, cryptotechnologies, namely, blockchain and smart-contracts can be used for creation of platforms which provide full transparency of financial operations, which is particularly relevant for any type of investment. That way, the cryptoindustry can get ahead of the traditional investment market, as it gives access to the financial sector to anyone willing to become a player in the market.
Projects such as Blackmoon, Nousplatform, ICONOMI and Melonport are on their way to improve the current investment environment. Their activities are aimed at the creation of a functional ecosystem for interaction between crypto-funds and investors. It should be noted, that the results of their work are already visible for the cryptocommunity to see for themselves.
Key development of Melonport project is Melon protocol, which provides digital asset management, transparent operation history and ability to invest into a fund. There is also a built-in tool, Oyente, that is used for smart-contract analysis and will be responsible for the security of users. Project developers are actively conducting comprehensive system updates thus keeping attention of the crypto community and market capitalization around $44,995,699. Gavin Wood, who was involved in the development of Ethereum and the owner of Ethcore provides support to Melonport, insisting that the system and the concept developed by the team is a significant step in the development of the cryptofund market. However, according to roadmap, full realization of the project should be expected only in the 1st quarter of 2019. At the moment, Melonport’s team is still engaged with the development of UI and underlying smart-contracts.
Founders of the Blackmoon platform — ex-Vice President of VKontakte, Ilya Perekopsky and ex-manager of Flint Capital fund, Oleg Seydak stated, that they intend to “create a bridge between the world of real investments and a crypto-universe”.
When creating a fund on the Blackmoon platform, the user has the feasibility of attracting investments, the investor, in turn, has a list of promising fiat and cryptocurrency projects to choose from and work with. Blackmoon is known for tokenizing usual investment tools, however, ways of tokenizing the assets are not yet provided on the platform. Therefore, the promised “bridge” is only a “bridge” in a long run.
The ICONOMI team, previously famous for creating a popular cryptoexchange, managed to attract $6 million in a span of 1 month during the ICO. At ICONOMI the comfortable investment conditions are provided by three tools: Index Fund, Performance Fund and Open Fund Management. They open up access to fund analysis, allowing them to take well-informed investment decisions, creating their own funds. And although ICONOMI does not offer the tokenization of assets and does not accept investments in fiat, the system is still very popular and right now its market capitalization is $154,183,393 USD.
Of all the above mentioned projects, according to several ICO-analysts, Nousplatform has all the chances to become one of the most successful service-providers, since only on this platform it’s possible to create different types of funds, tokenize assets and offer them as fund shares, as well as choosing the best funds from a rating built by a special algorithm. According to the project’s concept, access to managed crypto-assets will be provided to investors with any level of seed capital and all kinds of manipulations would be excluded owing to blockchain technology and smart-contracts. Such an approach towards the creation of decentralized funds based on blockchain technology managed to gain favour among blockchain-evangelists and crypto-investors.
It is worth emphasizing that Nousplatform simplifies the process of investment decision-making. This becomes possible through creation of rating and presentation of unified financial data for investment analysis of each fund on the platform. First position on the rating will be taken by funds, which combine maximum profitability, minimum risks and a positive capitalization growth.
The Nousplatform project enters the industry later than its predecessors, but has helped the team to integrate their experiences and mistakes, coming up with a better evolved platform. Having assessed the functionality of the platform, you can immediately notice what solutions that the other projects were missing. Investors who were not quick enough to take part in ICO Blackmoon, ICONOMI or Melonport, now have a chance to purchase Nousplatform project tokens on favourable terms. According to the information on the official website, the pre-ICO stage will be launched on May 20th.
The first tokenized funds of partner-companies will be presented at Nousplatform during the early stages of its launch. At present, the project successfully completed the closed pre-sale stage in which the project managed to gather $550,000. Funds received are aimed at providing further development and scaling of Nousplatform. In the project’s roadmap, the team promises to release a beta-version of the platform before the ICO. We recommend you keep a close look on Nousplatform, because, if the task is completed, it can be safely said that it will create a massive influx of tokens for investors, which means that the demand will significantly outpace the supply.
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.
CointelegraphTom Lee Holds to $25000 Bitcoin Price Prediction, Cites Three Supporting FactorsCointelegraphCo-founder and Fundstrat strategist Tom Lee is holding to his prediction that Bitcoin (BTC) will reach $25,000, CNBC reports May 23. Lee identifie…
Cointelegraph |
Tom Lee Holds to $25000 Bitcoin Price Prediction, Cites Three Supporting Factors
Cointelegraph Co-founder and Fundstrat strategist Tom Lee is holding to his prediction that Bitcoin (BTC) will reach $25,000, CNBC reports May 23. Lee identifies three key factors that make him believe the price will surge past the 2017 high. On Wednesday, BTC … As bitcoin plunges, mega-bull Tom Lee stands by his $25000 target |
Tel Aviv-based Blox.io launched Blox Business – “Quickbooks for Crypto” – managing, tracking and reporting platform for crypto assets. Blox Business is currently tracking and helping companies manage over $2B in various crypto assets and is on track to manage more than 10% of all crypto assets by the end of 2018. The new platform is already being used by several market leaders such as eToro, Wings, CIVIC, Coinsilium, Aeternity, Chainlinker capital, Startup Token and many others. Creating Financial Tools For a $500B Industry Companies like QuickBooks introduced to the world a simplified, easy to use and intuitive set of
Tel Aviv-based Blox.io launched Blox Business – “Quickbooks for Crypto” – managing, tracking and reporting platform for crypto assets.
Blox Business is currently tracking and helping companies manage over $2B in various crypto assets and is on track to manage more than 10% of all crypto assets by the end of 2018.
The new platform is already being used by several market leaders such as eToro, Wings, CIVIC, Coinsilium, Aeternity, Chainlinker capital, Startup Token and many others.
Companies like QuickBooks introduced to the world a simplified, easy to use and intuitive set of tools to help manage and organize all the financial needs of a company, ranging from the ability to manage cash flows, payments, salaries and tax reports.
With more companies and institutions managing large amounts of crypto assets, many companies are finding it difficult to successfully manage their books and finances. Adding to it the fact cryptocurrencies are the most volatile asset class in financial history, making the challenge even greater.
Looking at the $50B+ market of customizable accounting solutions, it is only natural that the largest potential market growth for this industry will be the rapidly growing $500B cryptocurrency industry.
Blox Business is the first to provide organizations the ability to customize – according to their users’ needs – a complete set of tracking and reporting tools for crypto.
Blox.io offers automatic and intuitive integrations for multiple exchanges and wallet accounts including Ethereum, Bitcoin, Binance, Kraken and many more. The platform is available on iOS, Web and Android, accessible with a single, cross-device login and high level asset performance reports.
Blox.io is a Tel Aviv-based company, employing over 25 employees through three offices in Israel and China. Founded in June 2017 by Alon Muroch, the company has grown rapidly and looking for further expansion. Its clients include Civic, eToro, Coinsilium, Aeternity and other industry leaders. Blox’s official partners are NEO, eToro, Coinsilium, RSK and others. The company’s advisors include eToro CEO, Yoni Assia and FBG Capital CEO, Vincent Zhou.
For inquiries please send us an email to [email protected] or visit our website for more information Blox.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.
Dice Money enables investors to mine DICE, raising funds for all kinds of projects More than $5.6 billion was spent on ICO’s in 2017; Dice Money offers investors a way to support a project without spending their money, contributing computer power instead. DICE can also be mined offline and held in physical format. Crowd-Mining as New Alternative to ICOs DICE Money is a new form of digital cash. DICE stands for DIgital CErtificates and is a cryptocurrency which creates a new way for projects to raise money. An individual or company simply has to set up as a new
Dice Money enables investors to mine DICE, raising funds for all kinds of projects
More than $5.6 billion was spent on ICO’s in 2017; Dice Money offers investors a way to support a project without spending their money, contributing computer power instead. DICE can also be mined offline and held in physical format.
DICE Money is a new form of digital cash. DICE stands for DIgital CErtificates and is a cryptocurrency which creates a new way for projects to raise money. An individual or company simply has to set up as a new project and this enables them to be funded by their community through crowd-mining.
The widespread application of DICE includes organisations such as schools and hospitals who wish to fund a new community project. It applies to anyone who has a social goal and is looking for contributions without wanting to ask for money. DICE is very easy to implement and adopt through all niches in the economy.
Crowd-mining is where each individual uses their computing power to mine DICE which is then used to fund the project. They do not have to donate any money and yet a project can be fully funded. This offers an alternative to the traditional, expensive way of performing ICOs which require investment and trust.
Their new model rests on a ‘cluster economy’ where miners are clustered around operators. Anyone who sets up a project will become an operator and anyone supporting the project will mine DICE in connection with them. The miner can choose how much DICE they wish to donate to the project and how much to keep for themselves.
DICE Money is not just a way for projects to be funded, DICE can be used to buy goods and services and it uses limited trust parties to confirm payments. DICE can be held in digital form or in physical form as a printed note. This means that not only can it be spent easily online, when it’s in physical form, it’s impossible for a hacker to steal.
They have a score of high-profile advisors behind them who are advocating for the project. Co-founder Konstantin Dimitrov said: “Normally these top advisors charge a lot of money, in our case they came to us. We ended up in a situation where our advisory team was bigger than our needs. There are several other high profile individuals who will join us and are waiting to see how this will develop.
DICE Money are running an ICO to kick-start the project. For this they have created an ERC20 utility token called ‘Dicet’ which will be optionally exchanged for DICE at the end of the ICO. Investors are currently able to purchase Dicets with Ethereum. The first public beta will be released soon after the ICO ends.
Recently, DICE Money announced they have integrated with Bancor Network, securing a new source of liquidity for the Dicet. This provides Dicet token holders with continuous liquidity which isn’t dependent on trade volume. The Dicet will activate a relay token with 3% of its circulating total supply to be activated immediately after the ICO ends.
They managed to secure a deal with European Sports Media meaning DICE will be advertised at international rugby and T20 cricket matches around the world. This also includes radio station advertisements and press releases. This highlights how much money is required to fund an ICO and why a better model is needed. This model is DICE Money.
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.
Fintech expert, scientist, and blockchain visionary Professor Alex Norta has joined forces with the upcoming digital insurance company on blockchain named Black Insurance, helping them with their technical whitepaper. The goal of this platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies. Tallinn, Estonia May 23, 2018 Black Insurance is delighted to announce that the company has recently engaged the renowned scientist and technology expert Professor Alex Norta as the Scientific Advisor for their upcoming blockchain venture. As part of the team, Prof. Norta will help Black
Fintech expert, scientist, and blockchain visionary Professor Alex Norta has joined forces with the upcoming digital insurance company on blockchain named Black Insurance, helping them with their technical whitepaper. The goal of this platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies.
Tallinn, Estonia May 23, 2018
Black Insurance is delighted to announce that the company has recently engaged the renowned scientist and technology expert Professor Alex Norta as the Scientific Advisor for their upcoming blockchain venture. As part of the team, Prof. Norta will help Black Insurance write their scientific whitepaper. Black promises to be a gamechanger in the world of digital insurance by using the blockchain to transfer risk directly from clients to financial backers.
In spite of its immense potential, the global insurance industry faces several serious challenges. The products are created by insurance companies, allowing many different parties in the system such as the re-insurers, insurers, MGA’s, agents, brokers, third parties and wholesale brokers. Therefore, launching an insurance product takes a lot of time. As a result, the insurance brokers with a thorough understanding of the market fail to deliver the desired product fast enough. The involvement of too many parties also results in high costs and barriers in entry.
As a licensed insurance company, Black proposes to solve the current inadequacies of the insurance industry by providing insurance capacity to agents, brokers and MGAs, enabling them to launch their own virtual insurance companies. The platform will eliminate the traditional overheads of an insurance company while using blockchain as the main platform to get rid of the centralized insurance companies.
Some of the key benefits of Black Insurance include
The new Scientific Advisor for Black Insurance, Professor Alex Norta is the owner of Norta & Partners, offering holistic consultation and software development service in the field of blockchain technology. He has advised and written whitepapers for many successful blockchain projects such as: Neo, Qtum, Cedex, Datawallet, Cashaa and many more. In the past, he has worked as a post-doctorial researcher on the SOAMeS project at the computer-science department of Helsinki University. His research on a PhD about dynamic inter-organizational business process collaboration was featured in an FP6-EU research project called CrossWork.
“The insurance industry today is slow with bringing products to market because of excessive bureaucracy that distorts free-market mechanisms to the detriment of customers,” explains Prof. Norta. “Blockchain technology is a means to replace this excessive bureaucracy with a novel control mechanism that is much cheaper, faster and more trustable. Thus, the insurance industry can start to meet the markets needs quick and in a cost effective way.”
The concept derived by the team Black Insurance has already gained momentum in the global blockchain community. Earlier this year, the company participated in a panel discussion about regulations on blockchain in EU and Estonia at the Tallinn Blockchain Conference. The team also secured the second place at the recently held d10e Tokyo ICO Pitch Competition, with their idea and vision receiving great feedback from the eminent participants. In the days to come, Black Insurance will take part in numerous poplar blockchain events and conferences across the globe.
Highlighting the potential of Black Insurance, the company’s founder Risto Rossar said, “I have been in the insurance industry for over eighteen years and I realized that I don’t care about insurance. In fact, no one should care about insurance. It should be as simple as breathing and work without customers having to worry about it. We can solve a lot of inefficiencies through technology and will disrupt the insurance industry from the inside, building a seamless process that customers don’t have to deal with.”
To find out more, please visit https://www.black.insure/
About Black Insurance: Black is a digital insurance company on blockchain. The platform connects insurance brokers directly with capital, enabling them to launch their own virtual insurance companies. Black looks to make the global insurance industry more efficient by removing the third parties from the value chain.
Contact: Liina Laas-Billson
Website: https://www.black.insure/
Email: [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.
