Day: June 8, 2018

R3 is reportedly running low on cash – and judging by the social media response, the crypto-community isn’t showing much sympathy.

There are numerous versions of Bitcoin in the cryptocurrency world today. Most of them are ultimately irrelevant, although there is one exception in the form of Bitcoin Cash. Whether or not 0xBitcoin will make a meaningful impact in this regard remains to be seen. It is designed to be the first mineable ERC20 token, although it will raise a lot of questions.

Why 0xBitcoin?

That is the main question people will ask themselves, for rather obvious reasons. Another currency or token abusing the Bitcoin brand will always raise a lot of suspicions. That’s especially true when that currency isn’t using Bitcoin’s blockchain, but rather that of Ethereum. Moreover, an ERC20 token with the Bitcoin name in it is often a sign of a scam, but it seems 0xBitcoin shouldn’t be classified as such just yet.

How Does it Work?

Most people are familiar with how ERC20 tokens work. They are not designed to be mined, but are usually distributed through an airdrop or initial coin offering. In the case of 0xBitcoin, neither of these things will occur. Instead, the team is introducing a mineable ERC20 token, in order to combine the scarcity and fair distribution model of Bitcoin with the speed of the Ethereum ecosystem.

On the supply front, 0xBitcoin is very similar to the Bitcoin which people know and love (or hate). There will be 21 million tokens, but they will be mined through a Proof of Work smart contract function. There is a diminishing reward that’s dependent on the supply of tokens in circulation. Mining 0xBTC requires users to run a mining program, but it uses the CPU cycles rather than a graphics card or ASIC to do so.

However, various open-source miners for both Nvidia and AMD cards have been released already. Whether or not this will give users an advantage is unknown, but it is still an interesting development. Very few tokens have been mined to date, and it will be interesting to see whether there will ever be any real interest in mining this particular ERC20 token.

The Road Ahead

While it is commendable to see enthusiasts take a completely different approach when it comes to cryptocurrencies and ERC20 tokens, it remains to be seen if there is a future for tokens such as 0xBitcoin. At this point, the general interest seems rather low, but things are always subject to change in this industry.

Bitcoin is treading water since testing the $6,000 level for ground in early February 2018. The previous bullish momentum was capable of printing its all-time high near $20,000, but many questions have arisen since then, particularly in regard to regulatory grey areas. Adoption and compliance to governments regulation for the cryptocurrency market and initial coin offerings (ICOs) are expected to drive the price of Bitcoin upwards.

Fundstrat’s Tom Lee Says Bitcoin Could Shoot up as Coinbase and Circle Seek SEC License

Coinbase, the largest U.S. cryptocurrency exchange, is attempting to become a fully SEC-regulated brokerage firm and electronic-trading venue in order to better navigate the financial system and become a valuable option for retail and institutional players. For that purpose, the operator has announced it will acquire Keystone Capital.

This move is evidence that regulation is smoothing out and could be an uplifting variable for Bitcoin prices, according to Tom Lee, co-founder of Fundstrat Global Advisors, in a note to clients. Here he calls the announcement an implicit recognition that the regulatory tide is shifting.

“We believe the regulatory picture is now improving — best evidenced by Coinbase and Circle ‘running towards’ regulation. We are basing this on the notion that Coinbase and Circle would only take these actions if such was the case.”

Circle, a cryptocurrency platform backed by Goldman Sachs, is seeking a federal banking license as it looks to make moves into the highly regulated realm of U.S. banks and brokerages. As of yet, however, no crypto-related organization has obtained such status with U.S. regulators.

“We believe both companies would only make these moves if their perception of regulatory risks in crypto was improving”.

A key issue yet to solve is that the U.S. Securities and Exchange Commission (SEC) has not decided which cryptocurrencies are to be considered securities. The regulatory body has explained that the Howey Test, created by the supreme court in 1946, is able to determine whether a digital token can be subject to the same regulations as stocks and bonds.

SEC chair Jay Clayton has recently admitted that digital tokens from ICOs are securities. The U.S. Commodity Futures Trading Commission (CFTC) has previously stipulated that cryptocurrencies are commodities and subject to the Commodity Exchange Act.

At the New York Blockchain and Digital Assets Summit, the SEC’s cyber unit division chief Robert Cohen has said the regulator does not wish to hurt the development of the ecosystem.

“We want to encourage innovation and new ways of raising capital. If there’s a new and exciting tech people should have an opportunity to invest in it (…) Every time there’s an exciting new technology, people are afraid of missing out they see people becoming millionaires overnight, there’s a high risk of people falling victim to fraud.”

Adding to Coinbase and Circle, Templum LLC has also registered with the SEC to operate as a licensed brokerage firm and alternative trading system. The operator plans to offer a trading platform for regulated tokens.

Featured image from Shutterstock.

The post Embracing Regulation Is Good for Bitcoin, Analyst Says appeared first on NewsBTC.

The Deputy Governor of the Bank of Italy believes that central banks are not yet ready to issue institute-backed digital currencies.

Veerathai Santiprabhob, the Governor of the Bank of Thailand, has confirmed that the government-supported central bank will be further exploring the utilization of blockchain technology to provide a more efficient inter-bank payment system.

The bank will be undertaking a project to investigate the practicality of using blockchain technology to support a wholesale digital currency while also ensuring that inter-mediation activity is reduced and transactions within the system are highly secure.

In his speech at an international investment forum in Singapore, Santiprabhob noted the increasing acceptance of blockchain technology in the financial environment of Asia. He stated that Bank of Thailand and other national banks will co-develop a new way of conducting inter-bank settlement using wholesale central bank digital currency (CBDC).

Already, CBDCs are being used in a number of countries and many nations across the world are considering the feasibility of their introduction. In his speech, Santiprabhob advised that, like other central banks, the goal was not to immediately bring CBDC into use, but rather to explore its potential and implications.

He also confirmed that Thailand had commenced the Inthanon project which would be focused on increasing the efficiency of a number of key financial transactions and activities, such as the settlements, as well as Letters of Guarantee. This would include improving validation processes while reducing processing time and costs.

Thailand’s central bank has been going through a process of adaptation, including the introduction of legislative changes with a new Payment System Act, to prepare itself for ongoing developments in technology and increased digitization of financial processes. It is anticipated that through the adoption of innovative blockchain based processes there will be substantial reductions in fees and charges for business operators when compared to the traditional financial environment.

The governor also remarked, “These efforts should pave the way for faster and cheaper transactions and validation due to less inter-mediation needed compared to the current systems.”

Efficiency enhancements had already been identified as part of a trial associated with the issuing of bonds by the Central Bank. Santiprabhob noted that the project had been able to “speed up saving bond allocation to retail investors from 15 days to 2 days”.

The formal support for the Inthanon project clearly demonstrates a recognition by the Bank of Thailand of the role that blockchain technology will be playing in the official financial environment.

 

Image Source: Flickr – Kat

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Bitcoin Press Release: CoinCrowd will bring fair practices and transparency to the token sale landscape. The scam projects that pestered the crypto space and gave token sales a bad name are doomed, thanks to a breakthrough protocol that puts fairness and security at the forefront and promises to change the token sale scenario forever.

May 31st, 2018, Rome, Italy: Motivated by the need to bring fairness into the market, the CoinCrowd’s team has been working for over a year on a technological infrastructure that will lead token sales towards a new standard, marking the start of new generation of token sale: The DAICO.

A DAICO It’s an improvement on the Token Sale model that incorporates certain aspects of DAO’s. The idea was suggested by Vitalik Buterin and is aimed at making Token Sales more secure by involving contributors in the initial project development process.

The Protocol

The CoinCrowd protocol allows an easy launch of DAICO’s utilizing a token sale platform with automatically generated smart contracts. A Milestone Control System provides guarantees to token sale participants by releasing the coins collected only at the accomplishment of predefined milestones. At any time, token holders are able to vote for the refund of the contributed coins if they are not happy with the progress being made by developers.

The Exchange

The DAICO’s generated through the protocol, are automatically listed into the CoinCrowddecentralized exchange. The latter provides users with a safe place to trade by decentralizing critical processes like the management of private keys and the settlement of assets while allowing instant transactions through off-chain book orders and matching engine.

The exchange is integrated into a mobile/desktop wallet further ensuring accessibility to all users on a global scale.

The Wallet

The CoinCrowd Wallet provides a single tool to manage all the different phases of token sale participation and cryptocurrency management. It allows users to easily trade multiple coins, convert fiat currency and join token sales, finalizing KYC processes within the wallet.

It supports multiple accounts and it’s compatible with ENS, defined resolutions for Ethereum addresses. The wallet provides the best option in security with a combination of biometric ID and user pin access, with users being the sole owners of their private keys.

The Token Sale

The CoinCrowd Token (XCC) works as the gas of the entire infrastructure. While the protocol is open sourced to facilitate a massive adoption, the fees generated by the exchange are used for token burning. This way, increasing adoption and decreasing supply put pressure on the value of remaining tokens, rewarding holders in the long run. CoinCrowd’s team is comprised of passionate developers who have been working in the blockchain space for years, delivering working products to the users. After the release of the wallet in March, CoinCrowd is now releasing a prototype of the DAICO protocol, which will first be implemented in the CoinCrowd upcoming token sale, making it one of the world’s first DAICO

To support the project join the whitelist: https://coincrowd.me/whitelist/
Learn more on the website: https://coincrowd.me/
Read the white paper: https://coincrowd.me/coincrowd.pdf
Join the telegram group: https://t.me/coincrowd
Get updates on medium: https://medium.com/coincrowdofficial/
Follow CoinCrowd on twitter: https://twitter.com/CoinCrowd
and facebook: https://www.facebook.com/coincrowd/

Media Contact: CEO
Name: Giulio Di Sano
Location: Italy
Email: [email protected]

CoinCrowd is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high-risk tolerance. Only participate in a token event with what you can afford to lose. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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Coinbase is one of the most remarkable companies in the cryptocurrency industry. It is evident the company will continue to have a positive impact on this space for quite some time to come. Its latest venture involves operating as a regulated and licensed broker-dealer.

Another Major Coinbase Development

While some people love Coinbase and others hate it, everyone has to agree the company is trying to bring more legitimacy to the cryptocurrency industry as a whole. That is much easier said than done, as Bitcoin remains an unregulated industry in most parts of the world, including the United States. Making a positive impact in such regions will be challenging, even for entities such as Coinbase.

Even so, the company recently filed for approval from the SEC to become a regulated and licensed broker-dealer in the United States. Assuming it gets approved, Coinbase will become one of the first officially regulated entities to deal with cryptocurrency in such a way. Rest assured there will be plenty of opposition to this move.

Obtaining regulatory approval will not be easy. Acquiring a broker-dealer license, an alternative trading system license, and a registered investment advisor license are all necessary in order to achieve any form of success. Coinbase will remain under the oversight of the SEC and FINRA at all times. It’s a necessary evil, so to speak, especially for a company looking to offer blockchain-based securities in the future.

With the SEC already cracking down on ICO tokens which can be labeled as securities, it seems Coinbase is intent on bringing more legitimacy to such tokens in the future. Allowing customers to buy, sell, and trade such assets will pose a lot of new challenges as well as exciting opportunities. This move is part of Coinbase’s ongoing expansion into institutional products.

Coinbase added the following statement to its recent filing:

Ultimately, we can envision a world where we may even work with regulators to tokenize existing types of securities, bringing to this space the benefits of cryptocurrency-based markets — like 24/7 trading, real-time settlement, and chain-of-title. We believe this will democratize access to capital markets for companies and investors alike, lowering costs for all participants and bringing additional transparency and inclusion to the ecosystem.

The desire to obtain this particular license also explains why Coinbase has been on an aggressive acquisition spree as of late. The firm recently acquired Keystone Capital Corp, Venovate Marketplace Inc, and Digital Wealth LLC. At first, those deals made little to no sense, but it seems they were all catalysts for becoming a regulated broker-dealer in the United States.

At a vote of the coalition launching EOS last night, process troubles and a visit by the software’s creator seemed to cause the latest delay.

This week, the decentralized cryptocurrency Bitcoin Cash has seen some market gains and there’s also been a slew of new announcements and development over the past couple of weeks. Currently, the price per BCH is around $1,120 after dropping below the $1K range the week prior. Moreover, since the fork this past May the BCH-ecosystem has seen all types of application development and community projects launched with a new announcement nearly every day.

Also Read: IMF Says Bitcoin Could Create Less Demand for Regular Debt-based Fiat Money

Today’s Bitcoin Cash Statistics

It’s been over 10 months since the August 1 fork and today the BCH chain is roughly 7201 blocks ahead of the Bitcoin Core (BTC) chain. Since then, the decentralized cryptocurrency ecosystem has performed two successful hard forks, one of which changed the currency’s difficulty algorithm, while the other fork added new OP_Codes, and raised the base block size to 32 MB. Over the past year, the BCH hashrate has grown exponentially and this week the hashrate is averaging close to 5 exahash per second between roughly 12 different mining pools. This Friday, June 8, the Bitcoin Cash chain is 1.5% more profitable to mine according to Coin Dance statistics. Further Coin Dance data details that it is 5.95x more expensive to transact on the BTC network today.

Market data shows that BCH is down 2 percent today but has gained 13 percent over the last seven days. The market has a lot more trade volume today than a few days prior with $516Mn BCH swapped over the past 24-hours. The top exchanges trading the most BCH liquidity include Okex, Binance, L Bank, EXX, and Huobi. Bitcoin Cash is the fourth highest market capitalization still but also holds the fourth highest trade volume for June 8, 2018. The strongest currency pair with BCH is BTC which captures 41 percent of trades. This is followed by tether (USDT 30.8%), USD (15.1%), KRW (7.9%), and ETH (1.3%).

New Platform Announcements, the Miners Choice Initiative, and Development Funding

Overall, the sentiment within the BCH community has been very positive, as there have been lots of announcements over the past couple of weeks. For instance, this past week 100+ coders met in China to develop BCH-based applications and organizers detail the event was a huge success. The Cryptonize.it team announced the launch of a new BCH-centric wallet called Cash Pay that allows anyone to purchase anything online. A few days later, the Cryptonize.it founder Ari explained to news.Bitcoin.com about how his team helped an anonymous developer create a new decentralized fundraising platform called Lighthouse.cash.

Earlier this week, we reported on a “Miners Choice” initiative started by the mining pools operated by Nchain, and Coingeek which aims to remove the BCH dust limit if 546 satoshis, alongside allowing some free transactions per block. Nchain’s Dr. Craig Wright spoke with news.Bitcoin.com about the initiative and he encouraged other mining pools to join the cause. So far since we reported on the topic, the mining pools Bitcoin.com and Viabtc have pledged to support the initiative. In addition to this, the Bitcoin.com pool has started to donate a fraction of block rewards to BCH development and has donated the funds to the Bitcoin ABC development team this week.

Bitcoin Cash Community Energy Still at Full Throttle

Other BCH announcements include the popular streaming gaming platform Twitch now allows BCH tips by utilizing the Streamlabs app tethered to their Coinbase accounts. An encrypted messaging service was launched this week that’s tethered to the BCH network called Keyport. Bitcoin Cash was featured in the UK’s popular financial magazine Moneyweek two days ago in an editorial detailing why investors should invest in BCH. Last but not least, the trading platform Boaexchange has added BCH as their base currency and default values. The Coinex exchange is another trading platform that also offers BCH trading pairs with other popular cryptocurrencies.

Overall, the BCH community is optimistic about the future and pleased with the latest developments and announcements concerning the Bitcoin Cash ecosystem. One unique headline this week came from the Philippines, as there’s a decked out customized BCH Jeepney that drives between Philcoa in Quezon City and T.M. Kalaw in Manila every day. The BCH Jeepney project was initiated by 20 BCH community members who donated 0.5 BCH each, and the bus plans to accept bitcoin cash in the near future.  

There’s been a lot going on which has invoked a positive energy around the entire community, so far this fervor has been at full throttle.

What do you think about the BCH market and infrastructure the past few weeks? Let us know your thoughts on this subject in the comments section below.

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Images via Shutterstock, Satoshi Pulse, and Visor.

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At press time, bitcoin is trading for just over 7,600. This is a near $60 drop since reaching yesterday’s high of $7,700. Though small, the currency has ultimately failed to defend this new line, leading analysts to wonder if $8,000 is no longer doable in the short-term.

One source suggests that a triangle pattern is forming in the bitcoin technical charts, and that the father of cryptocurrency could wind up striking the $13,000, or falling to as low as $1,200. It suggests that the 90-day volatility index has taken a free fall, but that trading has started to normalize in the long run, and that the currency hasn’t bottomed out just yet, thus making it relatively hard to know exactly where it will go from here.

Over the last two days, our price pieces have respectively covered cryptocurrency regulation, and how it’s potentially affecting the prices of major assets and altcoins. Fundstrat’s Tom Lee now points out that despite Jay Clayton’s stance on ICOs, regulators may indeed be lessening their stance on cryptocurrencies and taking a few steps back.

Lee refers to two specific moves in the cryptocurrency arena to explain his reasoning. The first is Coinbase, one of the largest cryptocurrency exchanges in the United States. Recently, the platform announced that it would become an SEC-regulated firm through its acquiring of securities dealer Keystone Capital.

The second revolves around Circle, which is now seeking a federal banking license and plans to register with the SEC as a brokerage and trading venue.

“We believe the regulatory picture is now improving – best evidenced by Coinbase and Circle running towards regulation,” Lee explained in a recent interview with CNBC. “We are basing this on the notion that Coinbase and Circle would only take these actions if such was the case. We also believe both companies would only make these moves if their perception of regulatory risks in crypto was improving.”

The real clincher here is that the Securities and Exchange Commission largely regulates securities, which may include ether and Ripple. Bitcoin, which is labeled a commodity, does not fall under SEC scrutiny, though the power and stance of major competitors like ether can ultimately bear repercussions on bitcoin’s value and price, so one is left to assume that if regulation for these kinds of currencies leads to positive results, bitcoin will undoubtedly be included.

One of the big outcomes that could result from either softer or clearer regulation, according to e-Toro UK managing director Iqbal Gandham, is that further institutional capital will trickle down into the cryptocurrency arena. Several large firms have failed to make initial investments in digital assets, either out of fear or ignorance, and as the regulatory scene becomes more solid, they’re likely to feel less inclined to stay away.

“As the regulatory landscape clears up, we can expect far more investors, including big-ticket institutions, to make their first cryptocurrency investments,” he explained confidently.

Stronger institutional support could also assist in legitimizing the cryptocurrency arena, thereby bringing further investors to the table and giving entities like bitcoin the price boosts we’ve been waiting for all year.

Founder of Bitmain Technologies, Jihan Wu, said that he is considering launching a publicly-traded Bitmain stock on the Hong Kong or a United States stock exchange via an initial public offering (IPO). Bitmain is a global Bitcoin mining powerhouse, controlling as much as 80% of the market for cryptocurrency mining equipment.

Bitmain’s mining pools, Antpool and BTC.com, control 40% of the global Bitcoin mining network which generates a tremendous amount of money. If Bitmain launches a publicly-traded stock it will be an excellent way for investors to get a share of the flourishing Bitcoin mining industry. Kevin Wang, an analyst at Mizuho Securities Asia, says a Bitmain IPO would generate a lot of attention from Hong Kong investors.

Bitmain is now expanding into artificial intelligence technology, and this is a primary reason why Wu wants to get Bitmain publicly listed on a stock exchange.  The application-specific integrated circuits (ASICs) used for cryptocurrency mining are ideal for the large amount of computations needed for artificial intelligence.  An IPO would bring in funding that can be used for artificial intelligence development.

Part of the reason for Bitmain’s move into artificial intelligence is political. Large-scale cryptocurrency trading has been banned in China, and mining may be banned soon too, so Jihan Wu wants to have a ‘Plan B’ so Bitmain can survive. The Chinese government fully supports artificial intelligence development.

Wu says Bitmain is worth USD 12 billion and brought in USD 2.5 billion of revenue last year, and that he and his partner Micree Zhan control 60% of the company. Sequoia Capital and IDG Capital are early investors that own a large portion of Bitmain, and part of the reason Wu wants to launch a publicly-traded stock is so these early investors can cash out.

If successful Bitmain would be the largest cryptocurrency company with a publicly traded stock by far. This would be another major event in cryptocurrency’s transition to mainstream adoption.

 

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Crowdequity platform Republic has raised $12 million in commitments for a token presale from Binance Labs, NEO and several other companies. The platform, founded by alumni from AngelList, aims to raise $92 million in a public sale.

Binance Makes First Venture Capital Invesment

Binance Labs, which announced a $1 billion blockchain investment fund on June 5, is a blockchain technology incubator run by the crypto exchange Binance. They provide funds for pre-ICO projects and teams and often fund investments through their ERC20 token BNB.

Ella Zhang, head of Binance Labs, said, in an email: “Republic brings new investment opportunities for retail investors to participate in well-curated startups. Binance and the Labs’ teams are working towards the freedom of value-exchange, which we believe Republic will shed light on.”

Investment in the Republic token also came from Neo Global Capital, affliate of cryptocurrency NEO, East Chain Co., Jeffrey Tarrant, and Passport Capital. The investments were in the form of investment in the company and the purchasing of tokens.

Another good VC friend of mine just said "my industry is completely disrupted, money is no longer the bargaining chip, we are moving into crypto." I said what I always say, "welcome".

— CZ (@cz_binance) June 8, 2018

While Republic have not released their whitepaper or any details on their new token, they have revealed their new funding model: Simple Agreement for Future Equity and Security Tokens (SAFEST). This gives investors a choice in how they invest. There will be an option for investors to have their full investment in tokens or they can choose for up to 20% of their investment to be in the form of equity in the company. If the token fails to launch, they can move all of their investment into equity.

Republic co-founder Kendrick Nguyen said: “This whole ecosystem is so new, and I think it’s up to every market participant to be thoughtful and responsible in how they conduct their fundraising.”

NEO Global Capital opened in March and have since invested $1 million in smart economy workforce platform Moonlight. Moonlight is aimed at making it easier for organizations to employ and recruit talent. To help support the development of NEO, Moonlight have allocated 20% of funds from their upcoming token sale to help projects that will enhance the growth of the NEO ecosystem. Furthermore, two of the co-founders are both City of Zion co-founders and council members, a group designed to support the NEO ecosystem.

Recently, Binance Labs announced their ‘Community Influence Fund’ in an online broadcast by CEO Zhang. NewsBTC reported that they will be investing in blockchain and cryptocurrency startups using their native token BNB. They have already invested in four projects including MobileCoin, built by Oasis Labs, and verification platform Certik. They are also creating the Binance Ecosystem Fund in a collaboration with 20 other partners.

Binance CEO Changpeng Zhao has also supported the ICO market saying that it is necessary for the development of the cryptocurrency space. He accepted that some aspects needed changing, but that on the whole the business model is viable.

Featured image from Shutterstock.

The post Binance and NEO Make $12 Million Venture Capital Investment appeared first on NewsBTC.

Regulatory developments involving cryptocurrencies are always worth keeping an eye on. In Indonesia, there has been a lot of confusion regarding the future of Bitcoin and similar currencies. The Trade Ministry’s Futures Exchange Supervisory Board has finally rendered a verdict in this regard. Cryptocurrencies are commodities, regardless of what the country’s central bank may think.

Indonesia Finally Recognizes Bitcoin

Most countries around the world have seemingly no interest in legalizing Bitcoin and other cryptocurrencies. That in itself is not surprising, as this new form of money may pose quite a few challenges. For one thing, it is a form of money most people have never seen or experienced before.

In Indonesia, there is finally a verdict on the legality of Bitcoin and other cryptocurrencies. To be more specific, Bitcoin and similar currencies will now be labeled as commodities, which is a big step in the right direction. This news comes at a rather interesting time, though, as the Indonesian central bank has made it clear it does not want to recognize Bitcoin and similar currencies as a payment instrument.

Seeing how the Trade Ministry’s Futures Exchange Supervisory Board directly contradicts the central bank, an interesting situation is created. For the time being, a decree has been signed to make cryptocurrency a commodity which can be traded at the bourse. If approved, it will give Bitcoin and other cryptocurrencies legal status in the country, which will allow for new and innovative business models.

It is also expected that the Indonesian government will issue a new form of regulation to support cryptocurrencies and all associated services. There will be a strong focus on taxation, although it remains a bit unclear how that will play out exactly. Taxing cryptocurrency capital gains is always a bit controversial, but it will mainly depend on what percentage the government has in mind exactly. As long as the rate is competitive, no immediate issues should be expected.

Some changes will be introduced to local cryptocurrency exchanges and trading platforms as well. The country’s biggest platforms will need to clarify a few things for the government and may need to introduce small changes to their underlying business models. No further specifics have been announced at this point, but further clarification is expected in the weeks to come.

All things considered, this is an extremely bullish signal for all cryptocurrencies. Experts feared the Indonesian government would ban all cryptocurrency activity, rather than attempt to regulate it in a somewhat positive manner. It seems things will turn out all right in the end, even though a lot of specifics have yet to be unveiled. Giving Bitcoin any legal status in Indonesia can only be considered a good thing at this stage.

Huobi, the world’s third largest crypto exchange, has launched a new platform in the US via a “strategic partnership” with a new US-based company, ‘HBUS’

Bitcoin Press Release: ImmVRse has announced their much-anticipated pre-token generation event, which is set to officially take place the following month. The blockchain-VR platform has decided to partner with TokenGet in order to run the token sale in a safe and secure platform, as well as ensuring a pleasant experience for all of their users. TokenGet is a cutting-edge and secure token sale turnkey solution provider that supplies a comprehensive set of tools to act as a crowdsale platform for blockchain businesses.

31st May 2018, London – The two companies have been working closely together to launch the first phase of their Pre-sale, which is set to officially commence on the 19th June and will finish on the 22nd of June.

TokenGet provides valuable experience when it comes to managing crowd sales, having worked with multiple successful token sales in the past, such as; Peculium, a blockchain based savings management platform that raised $7M and Tokia, a crypto investment startup that raised $20M. Their extensive experience, know-how, and product will allow ImmVRse to provide their contributors with additional currency options including Bitcoin, Ethereum, USD, Dash and many more. Due to an increasing number of requests, ImmVRse has also decided to implement supplementary payment methods, e.g. USD/BTC. Utilising TokenGet’s advanced pre-sale platform will allow them to open their crowd sale to a wider range of contributors, who may prefer alternative payment options.

The primary goal for ImmVRse has been to safeguard and protect their contributors’ funds. With the aid of Entersoft and its team of ethical white hat cybersecurity specialists, ImmVRse has ensured safety is covered from all angles.

ImmVRse’s highly experienced cybersecurity partners are continuously monitoring the core website along with their Telegram channel in order to assess potential threats.

In preparation for the launch of their pre-sale, ImmVRse has recently released a YouTube series titled “The Really Early Show”, an entertaining interview series with members of the ImmVRse team.

Viewers of the show will get a chance to be formally introduced to the core team members of ImmVRse, along with any of their thoughts on the project itself, virtual reality in general, their experience with the company thus far.

The series can be viewed on the official ImmVRse YouTube channel, along with much more exciting content that will be released soon. ImmVRse is also due to hold a few live-streams on YouTube andFacebook, in the upcoming month for any of their supporters to ask any pressing questions they may have for the team in regards to the upcoming token sale.

The ImmVRse Team

ImmVRse is backed by an ensemble of experts from a range of sectors, including relevant technologies, IT Management, VR, computer security and blockchain development.

Some of its key team members include:

Farabi Shayor, CEO

Farabi has over 10 years experience in developing market deliverables, brand identities and financial analysis focused on cryptocurrencies and blockchain. Farabi comes from a mix of finance (BSc) and marketing (MSc) background and is now leading a small team from Imperial College London to conduct R&D on VR-Neuroscience. https://www.linkedin.com/in/farabishayor/

Limon Rahman, COO & Co-Founder

Limon is a highly driven tech entrepreneur with practical hands-on experience, forming successful businesses in numerous fields. Additionally, with 15 years of experience in financial control and management, including overseeing budgets over $300m.  https://www.linkedin.com/in/limon-rahman-1a156638/

Adrian Chan, Head of Marketing

Four years’ experience in Marketing and Journalism, previously Co-Founder of MadBuzzHK, proficiency in online content development. Adrian achieved an MSc in Marketing Communications and Advertising.

https://www.linkedin.com/in/adrian-chan-1a290060/

Mark Higgins, Chief Information Officer

Mark has 20 years’ experience in IT project management and is highly experienced in managing multi-million dollar IT infrastructure, disruptive technologies and application projects. https://www.linkedin.com/in/mark-higgins-66962237/

Peter Gostincar, Chief Technical Officer

Peter has over 8 years of experience as a developer, highly skilled in managing large-scale software and android app development project with some of the largest companies in EU, Expert in JS, Python PHP, JAVA, and SQL. https://www.linkedin.com/in/p

To learn more visit the Website: https://immvr.se/
Meet the Team: https://immvr.se/team
Chat with us on Telegram: https://t.me/immvrse
Read the full Whitepaper: https://immvr.se/whitepaper/
Connect on Facebook: https://facebook.com/immvrse/
Whitelist Registration: https://immvr.se/ico/whitelist/

Media Contact
Contact Name: Adrian Chan
Contact Email: [email protected]

ImmVrse is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high-risk tolerance. Only participate in a token event with what you can afford to lose. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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