Mining is Back in the Game with Online Simulator RollerCoin

Hardly any facet of real life has not yet been reflected by simulator games. Widely ranged, from extra-popular The Sims to realty tycoons and trading simulators, they aim to help users train their skills and fresh thinking rather than merely entertain them. The same applies to the cryptosphere, with mining simulators spreading across the Internet. The reason why more and more users are getting hooked on seemingly uneventful mining gameplay is getting real rewards in cryptocurrency, without spending a dime on rigs or utilising CPU power.
The blockchain-empowered mining simulator RollerCoin is taking a huge step further by empowering players to build their own virtual enterprises. The real market model, tough competition, realistic levers for building a business empire, as well as customized characters – from geeky engineer to hard-boiled capitalist – are what 1,000 website’s daily newcomers are getting excited with. The thought-out in-game economy, which elaborately reflects the real market system, sets RC apart from mining simulators that largely turn out to be BTC-faucets.
At first glance, the difference between mining simulators and Bitcoin-faucets may seem vague. The latter ones dispense tiny rewards every few minutes in exchange for watching ads and luring new users to get traffic from them. You are supposed to sign in as often as you can, watch videos and complete surveys. Although such websites are often titled with the words “mining” and “game” and position themselves as mining simulators, this only halfway corresponds to what they are really all about. De facto, they barely satisfy those seeking for more sophisticated game process – and this is what RollerCoin aims to offer, along with the close-to-real-world in-game economy.
While bitcoin mining is full of quite tedious tasks such as buying bulky equipment and paying electricity bills, RC gets users rid of all these hassles. The player signs up without any registration fee and starts earning initial capital simply by playing games, by now at a low level of difficulty. Started small, the difficulty gradually levels up and this leads to getting more satoshis and hash power. The Proof-of-Fun algorithm verifies the results of each game before winnings are distributed among players.
Once having enough money, the user is able to either withdraw them or spend on a mining rig to earn more, without even playing games. From this moment, the player gets a taste and begins to actively reinvest earnings in rigs to gain passive income. The higher your hashrate, the more satoshis you get when a new block on the blockchain is mined. The mining power is not dependent on the hardware you play on, be it powerful PC or budget mobile device.
The passion for victory is required for keeping things going. Upon winning a certain amount of games the user gets a virtual computer which enhances the mining power for a few days. Special events and contests where users are granted various upgrades are constantly adding fuel to the fire.
Starting with nothing but the bare-bones – an office equipped with a table, chair and fan – the player constantly expands his enterprise by acquiring new miners and rigs.
A new location (office, warehouse or even airport) will definitely be needed soon to be rented and properly equipped.
All acquired real estate, hardware, as well as branded clothes that match your character’s individuality, can be sold on the internal websites’ marketplace. That is what the internal token, now being distributed among active community, is needed for. It enables to exchange upgrades and bonuses, open hidden levels and loot-boxes with rare items, pay entrance fees for championships and events and carry out any operation within the game. Apart from transacting on a trusted website, players are getting free of problems associated with the use of multiple cryptocurrencies. Besides, the holders will be eligible to vote on RollerCoin’s governance issues.
According to the RC website, within the next nine months, the service will be updated with 10 new games and chats for more smooth users communication. What is more, the project’s roadmap features the launch of a mobile application set for spring 2020. It is thought to be independent of app stores infamous for cracking down on blockchain-enabled products, meaning users will be able to savour the crypto-anarchy spirit, RollerCoin says.
To get a better grasp of what the game is all about and to find out more about the crowdfunding campaign, head to
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Source: New

Manny Pacquiao Token to Launch in IEO on GCOX Exchange

Filipino boxing champion Manny Pacquiao made international news headlines recently when he announced he was issuing his own cryptocurrency, the PAC token. Now, the PAC token is following the 2019 crypto crowdfunding trend by engaging in an initial exchange offering (IEO), courtesy of Singaporean exchange GCOX. The sale will open on November 12.
Pacquiao initially declared his intentions to release a digital token at a free concert for fans in Manila during early September. In between serenading his fans with love songs, the boxer informed them that they could soon buy his merchandise and interact with him on social media using the PAC token.
At this point in 2019, conducting an IEO is a well-proven method of drumming up support and interest in a project. Although Binance first kicked off the trend back in 2017 with IEOs for Bread and Gifto, it was in the first quarter of this year that the idea really took hold. The high-profile launch of Bittorrent ignited a new era of crowdfunding, with a reported $3.4 billion now raised through IEOs to date.
An Exchange for Celebrity Tokens
Although many exchanges now offer the opportunity for projects to launch their tokens via an IEO, GCOX provides a slightly different twist on the average launchpad. The exchange is the first to offer an IEO platform specifically for celebrities wanting to launch their own digital currencies. Although Pacquiao is one of the first to blaze a trail in this regard, it seems that there are others likely to follow, with tennis star Caroline Wozniacki and singer Jason Derulo reportedly set to follow in his footsteps.

GCOX is providing a full suite of services for these “celebrity tokens” which includes the creation and listing of tokens on the exchange itself. It will also allow fans to trade their tokens for products such as branded merchandise, or services including exclusive live streaming of events, or shout-outs on social media. There will also be a service whereby fans can donate to charitable causes endorsed by their favorite celebrities, with funds allocated on the blockchain for added transparency and security.
Old Concept, New Twist
Although it seems like a novel idea, a celebrity-backed cryptocurrency isn’t necessarily so much a new idea as the next iteration in the long and successful marriage of celebrities and merchandise. All the way back in 1850, the “Greatest Showman” P.T. Barnum was promoting a Swedish opera singer named Jenny Lind with branded clothing, including gloves and bonnets.
This evolved into the ubiquity of band tour t-shirts, and then into celebrity-brand partnership, such as Nike and Michael Jordan. Eventually, the advent of social media introduced a digital element to the idea of celebrity branding and endorsements, ushering in the age of the influencer. Now, with the rising popularity of cryptocurrencies and all the possibilities that blockchain brings, celebrity-branded tokens seem to be the inevitable next step of this evolution.
Of course, Pacquiao isn’t the first celebrity to jump on the crypto train – or even the first boxer for that matter. The SEC fined Floyd Mayweather last year for having promoted scam ICO Centratech in exchange for $100,000.
However, other celebrities have made more successful forays into the space. Rapper Akon has launched his own cryptocurrency and blockchain-based ecosystem called Akoin. Hollywood actor Ashton Kutcher operates his own investment company for blockchain startups, and Lionel Messi has served as brand ambassador for Sirin Labs, the Israeli blockchain phone producer.
That said, Manny Pacquiao is one of the first to market with his own branded cryptocurrency token. GCOX clearly believes in the long-term potential of celebrity tokens. If Pacquiao and GCOX make a success of the endeavor, then other celebrities may start to follow the lead. Based on the long and successful history of celebrity branding, it’s entirely possible that celebrity tokens end up being one of the next big trends in crypto.
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Source: New

Ethereum Express Announces New Proof-of-Authority Consensus Model to Digitize Trust

Since the dawn of mankind, the issue of trust has been a determining factor in the relations between individuals, groups and even states. The evolution of trust is continuing with the development of ever more elaborate instruments that would ensure the fulfillment of obligations by parties to an agreement.
The digital age has ushered in new systems for ensuring the integrity of trust. The development of blockchain sheds new light on the possibilities that digital systems can introduce in trust. Businesses are always looking for new methods of improving their operations and for guaranteeing the fulfillment of obligations by counterparties, thus making blockchain a promising innovation.
Building transparent systems using blockchain for managing business processes in such sectors of the modern economy as iGaming and mining is a relevant direction and an important factor in shaping the financial sector of the future.
In With Use
Blockchain technologies have earned the attention of the leading global names in banking, IT and other industries as IBM, Google, Facebook, Microsoft, the big names of Wall Street and others are investing millions in the development of their own decentralized solutions. Businesses are often taken as the benchmark for determining the usefulness of a new technology. However, it is the user factor that ultimately decides whether a new tech will live up to expectations.
Blockchain technologies are a paradoxical case, as they were initially adopted and introduced by average online users, rather than by businesses. According to Statista, in the second quarter of 2019, the number of unique users who have at least one registered blockchain wallet exceeded 40 million people. This is five times more compared to 2016. The upward trend proves that interest in blockchain among ordinary users is steadily growing despite the downtrend of prices witnessed in 2018-2019.
Nurturing Trust
In the changing cryptocurrency market, Ethereum Express developers found a way of using the Proof-of-Authority consensus algorithm to allow users to become validators and maintain their reputation by ensuring the successful throughput of blocks.
Being a specialized platform for the multi-thousand-strong community of blockchain enthusiasts, it offers users the chance of becoming part of the new generation cryptocurrency ecosystem with ease and full transparency of all operations. For this purpose the EEX project develops the tools that will allow average users to generate income without the need for maintaining expensive mining equipment and increase transparency in the world of online gambling.
The platform is based on the Ethereum blockchain, which has been hailed as a technological revolution in trust management and business operations security. Given that the bandwidth of the Ethereum blockchain cannot exceed 15 transactions per second, thus rendering it inefficient for large-scale business operations, the EEX developers came up with the idea of building its own blockchain. The project operates on the basis of the Ethereum Express Coin, which is used for facilitating connections between the worlds of gaming and mining and is designed to create a backup global cryptocurrency for different business operations.
The difficulties of money transfers between individuals and the need for bank procedures, along with the high commissions for transfers, have all shaped the needs of modern society for simplifying mutual settlements and reducing the time and effort that will be required for monetary processes to be fulfilled. As with all cryptocurrencies that exist today, the decision on the development of the ecosystem is made by the developers. In such a scenario, the opinions of the investors are not taken into account. By enabling the community to make decisions through authoritative voting and capital appreciation, the EEX ecosystem intends to reach a whole new level of social significance and influence for society.
Solve That
Ethereum Express offers a number of significant advantages for businesses through the system it is developing.
The speed and number of transactions offered by the project are 10 times higher than that of the Ethereum network. EEX operates on the principle of giving its users the ability to vote with their capital and authority. Ultimately, the gamification of the entire transaction process for users makes it convenient and attractive.
The users are not left behind in the advantages offered by EEX. A convenient P2P money transfer principle called “shaking money transfer” makes using EEX safe, fast and easy. Users are given the ability to vote with their authority rating and this allows the community to have an impact on social processes in a company, country or even the world. The gamification of processes, even serious ones, such as monetary transfers, makes involvement in such an interactive economy attractive and involves entirely new strata of users.
In Blocks We Trust
Trust, being the main value, along with the use of blockchain technologies, is what undoubtedly finds application in the field of iGaming and gambling.
Games, especially gambling ones, are entirely built on trust in the random and unbiased nature of the gaming process. In such an environment, blockchain technologies are the ideal instrument with their transparency, reliability, and speeds. The Chinese were one of the first to prove that blockchain can be used as immutable evidence providing technology. If the judicial system can find applications for blockchain in ensuring trust, then the gaming industry is up next.
Blockchain is already serving as the hub for all online gambling with 70% of the $5.5 billion transacted on EOS being attributed to gambling dApps, and 95% for the Tron blockchain.
Tech And Trust
In practice, trust is not the only problem in the blockchain realm, when transaction speeds and commissions are taken into account. EEX is a viable solution that offers an increase in the throughput of the blockchain network in comparison with the Ethereum blockchain along with the possibility of voting and elements of gamification, thereby combining the most relevant and best technological solutions into a single package.
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Source: New

Hong Kong Brings License to Crypto Exchanges

Opt-in based framework; limited impact expected. Still PI only.
Hong Kong is stepping up its efforts to formally regulate cryptocurrency exchanges in the city. The Securities and Futures Commission just released a newly drafted regulatory framework, which allows the securities watchdog to issue licenses to crypto trading platforms. Could this be a game-changer for the crypto industry? As a leading global financial hub, what does the new regime means to the city?
A Comprehensive Framework
A year ago, the SFC announced a regulatory sandbox amid providing a confined environment for fintech companies to push forward for regulatory innovation. After a year at the latest HK FinTech Week, Ashley Alder, head of the SFC announced that the city’s securities watchdog has now established a new comprehensive set of regulations for cryptocurrency exchanges in Hong Kong.
Alder said the rules are tailormade for the crypto industry, covering all the key investor protection concerns including the safe custody of assets, KYC requirements, anti-money laundering, and market manipulation. Concepts that don’t exist in traditional financial markets like hot and cold wallets, forks, airdrops are also included.
Cryptocurrencies and virtual assets traded on an SFC-licensed platform will not be subject to the same kind of regulation which applies to traditional offerings of securities or investment funds.
Besides, all licensed platforms must have insurance covering the risk of virtual assets being lost or stolen.
He stressed that “Virtual assets have been moving further into conventional financial markets”, and highlighted stablecoin in particular, saying that some projects are “capable of being adopted extremely rapidly on a global scale” which have led “serious concerns among politicians and central bankers and financial regulators.”
Exchange Licensing: An Opt-in Solution
The new regulatory framework allows the SFC to grant a license to exchange operators that wish to opt-in to regulation. In other words, it is not a must for crypto exchanges in the city to acquire a license to operate. Alder explained that the reason for choosing an opt-in solution because the existing legislation was not designed with the crypto world in mind. He believes that markets can wait until new legislation covers the entire virtual assets sector, although no timeline is provided.
Given that many of the major crypto exchange operators have a presence in Hong Kong, we believe that there will be a handful of exchanges will take the invitation to opt-in into SFC’s regulation plan, however, we do not expect to see a large number of exchanges rushing into the regulation net.
Professional Investors Only, no Retail
The new licensing program stated that exchange operators can only provide services to professional investors, which means still no retail services can be provided. Under the Securities and Futures (Professional Investor) Rules (Cap. 571D), “professional investor” means

An individual having a portfolio of not less than HKD 8 million or its equivalent in any foreign currency at the relevant date or as ascertained by referring to any one or more of the following documents issued or submitted within 12 months before the relevant date.
A trust corporation having been entrusted under one or more trusts of which it acts as a trustee with total assets of not less than HKD 40 million or its equivalent in any foreign currency at the relevant date.

That’s only part of the definition, nevertheless, it doesn’t mean any retail investors will be involved. The new rules continue to make cryptocurrency trading in Hong Kong to only a small group of investors. Alder stressed that the reason behind this is virtual asset futures contracts to the public, especially contracts with leverage, they are volatile and could be “extremely risky”.
Bitcoin and Others: Not Securities
How the SFC sees the nature of bitcoin and other crypto-assets is another highlight from the announcement. Alder clearly said, “bitcoin and the other, more familiar crypto assets are not securities.” And that the SFC “only has the power to regulate a platform that trades virtual assets or tokens which are legal “securities” or “futures contracts”. SFC’s stance is largely in-line with other regulatory bodies in the world such as the SEC in the US.
The SFC crypto exchange regulation announcement came after China’s blockchain initiatives, and we can expect that China and, broadly speaking, Asia, would be front and center when it comes to blockchain-based crypto development. As crypto investment getting more mainstream, and the everyday application and usage of virtual assets have been rapidly increasing, no doubt that a complete set of regulation of crypto assets is much needed. We believe that a well-regulated environment will benefit both investors and crypto industry stakeholders. The regulatory development in Hong Kong is considered a positive move for the overall crypto industry.
About the Author: The author of this article is Cyrus IP, a Research Analyst at OKEx. 

This article first appeared on OKEx blog.

Image by Marci Marc from Pixabay

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Source: New

Tezos Expects Further Expansion into Asian and Global Markets with XTZ Getting Listed on OKEx

OKEx, the global digital assets exchange and trading platform has added yet another feather to its cap. The platform has announced the listing of Tezos (XTZ) token, which went live on November 6, 2019, at 9:00 AM UTC. Tezos is one of the prominent cryptocurrencies on the market at this time, with an estimated market capitalization of over $695 million to rank as the 21st most popular cryptocurrency, according to Cryptocompare’s data. XTZ is also commanding a 24-hour volume of over $206k and could further increase in the coming days once it becomes available to the huge OKEx userbase.
The introduction of Tezos on OKEx will be carried out in a phased manner, with deposits opening on November 6, 2019, at 9:00 AM UTC, followed by the availability of spot trading feature against USDT and BTC starting November 7, 2019 (UTC). Once the XTZ trading activity kicks off, the withdrawal feature will be activated the following day- November 8, 2019, at the same time.
Speaking about the inclusion of a new cryptocurrency, the Head of Operations at OKEx Andy Cheung said, “Tezos is a highly respected project with a robust community, and we’re happy to be able to add the value of the XTZ network to the OKEx ecosystem, where we strive to deliver a one-stop-shop for professional and retail traders.”
The listing of XTZ on OKEx will make the tokens available to a much larger audience and in turn, could increase the adoption on the Tezos network. Tezos is the creation of former Morgan Stanley analyst Arthur Breitman and Kathleen Breitman, as a smart contract and dApps platform to be far superior to the Ethereum protocol. In fact, by design, the Tezos protocol can be modified without having to fork the blockchain given that there is enough stakeholder consensus, which will prevent the rerun of the Bitcoin and Ethereum hard fork fiascos as witnessed earlier by the cryptocurrency community. It makes the Tezos platform the right fit for decentralized applications backed by long-term upgradability.
In order to be listed on OKEx, Tezos has passed rigorous testing in terms of the project’s quality, real-world applications, and community participation. Apart from the inclusion of XTZ, OKEx is also introducing USDT linear futures contract with 0.01-100x leverage levels where users can trade against BTC, ETH, BCH, EOS, XRP, BSV and TRX in both fixed and cross-margin modes.
The XTZ listing and USDT Futures Trading are just a few of the new additions to the OKEx portfolio. The company has a long list of other features lined up for release in the current year.
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Source: New

Blockchain and Cryptocurrencies: A Godsend for the Online Gambling Industry

Cryptocurrency usage is extensive in the online gambling segment, making it the driving force behind the adoption of cryptos. People have started to prefer crypto gambling and sportsbook options over conventional offerings due to its various underlying benefits, attractive discounts in the form of deposit bonuses, bonus codes, etc., and virtually nil transaction and processing fees offered by these platforms.  In this article, we will briefly discuss the adoption of cryptocurrency and blockchain in online gaming and their benefits.
A Backstory
Over a decade has passed since the introduction of the very first cryptocurrency – Bitcoin and since then, the sector has witnessed unprecedented growth in terms of the number of cryptocurrencies, adoption rate as well as the uses of cryptocurrencies and their underlying technologies. When Bitcoin was launched, it was hailed as a democratized, decentralized universal store of value that can be used by anyone, anywhere in the world, without having to depend on banks and governments. While the mainstream financial sector as well as the governments were disturbed by this new development and started considering it as a threat to the very economical as well as governance structures the nations are built on, something amazing happened. It was soon discovered that the cryptocurrency’s underlying blockchain technology has a huge potential to solve various real-world issues across multiple industry segments.
Since then, the use of blockchain technology sans cryptocurrency is being explored by various industries including the mainstream financial sector. However, one industry stands apart from the rest, and that is the online gambling segment. Online gaming platforms are probably the only ones to have not only adopted blockchain technology but also cryptocurrencies as a mode of payment. According to reports, the online gambling industry has been instrumental in promoting the use of cryptocurrency as it adds to the convenience, privacy as well as security for both the users as well as platforms.
Why the Gambling Industry?
Gambling-related activities are regulated by the governments across a majority of jurisdictions, which had forced the online gambling platforms to limit their geographical reach to specific jurisdictions while ensuring compliance with all applicable laws of the land. At the same time, many countries have made gambling illegal and those residing in such geographies were left with no alternative. That is until Bitcoin came along. The decentralized and peer-to-peer nature of cryptocurrencies made them the perfect solution to the global gambling industry’s woes.
Online gambling platforms started offering cryptocurrencies as one of the payment options, allowing anybody with access to internet and bitcoin to create an account on the platform, irrespective of the jurisdiction and start playing. Without a need for payment processors and banking channels, all transactions could be managed and settled over the crypto blockchain, keeping everyone happy in the process. Also, the direct and verifiable nature of transactions dramatically reduced the deposit and withdrawal times for users from what used to be few days or a couple of weeks to a matter of few hours or less.
With a huge problem solved by cryptocurrencies, the industry decided to take it a step further by using blockchain to bring in more transparency into the gambling process by creating provably fair games. Few projects have also created decentralized casino platforms on blockchain that combines all the goodness of the crypto revolution and overcome the jurisdiction hassles as well.
Why Use Crypto-Supported Casinos and Sportsbooks?
As explained earlier, cryptocurrencies offer a range of benefits over fiat transactions. For starters, users don’t have to share personal or banking information in order to initiate such transactions. Also, they can make near-instant deposits and start playing their game of choice on such platforms. In the event of winning a wager and want to make a withdrawal, platforms generally process cryptocurrency withdrawals within 24-48 hours and the funds will appear in the user’s wallet. The lack of geographical restrictions for crypto-transactions also allows gambling enthusiasts to pick from a long list of platforms, and many of them have minimal or no-KYC for faster onboarding.
However, it is not advisable to pick the first crypto casino or sportsbook one comes across. The users will have to conduct their due diligence to ensure that the platform they wish to create an account on, is legitimate. There are plenty of reviews of such platforms available on the internet to make the job easier. It is also advisable to focus on transparency and provable fairness (provably fair) which choosing the platform. Many online crypto-gambling platforms also have attractive bonuses and promotional offers in place for first-time users or otherwise. Users can check for such offers and bonus codes (E.g. bet365 bonus codes) on the internet or by visiting the casino/sportsbooks’ webpages.
At the end, a couple of points to remember:

Do your due diligence to choose the right platform that suits your needs.
Transparent and Provably fair platforms are always a better choice.
DO NOT wager more than you can spare.

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Source: New

BiboxEurope Announces Yet Another Development – Fiat Trading for Quality Projects

BiboxEurope, a fully regulated cryptocurrency trading platform based out of Switzerland has been keeping itself busy since its launch a few months ago. In a bid to offer the best of features to its userbase, the platform has recently announced the launch of fiat trading capability for quality projects listed on BiboxEurope.
The latest development closely follows its earlier announcements of GBP/Crypto trading support, referral rewards program, crypto Insta-buy with credit cards and more. According to the company, the latest fiat trading capability for selected projects will allow blockchain projects to list their tokens for trade, not just against cryptocurrencies but also fiat. By doing so, BiboxEurope will be solving a major hurdle faced by some of the upcoming projects with a lot of real-world potentials to open more fiat trading by leveraging the platform’s localized operation team and resource reservoir.
In order to get listed on BiboxEurope, the projects have to satisfy the minimum eligibility criteria set forth by the platform. BiboxEurope seeks out high-quality projects from around the world for this purpose and those that are deemed eligible will benefit from connections to European resources, expand their global ecological layout and further enhance their brand influence while accelerating the application of their technology in the real world. The BiboxEurope fiat trading feature will accelerate the development, implementation and adoption of selected projects, ultimately benefiting the entire blockchain industry space.
Is BiboxEurope a Good Choice for Blockchain Projects?
BiboxEurope has established itself with a strong footing in the European market. The platform has gained a lot of traction within a short span of time. It is fully regulated and has stringent AML and KYC requirements in place as specified by the regulatory institutions. Further, BiboxEurope is committed to offering the best possible services to its customers which includes the lowest fees and commissions on trades and purchases made over the platform.
The platform has received investment into equity by a world-leading top-10 bank in Europe. BiboxEurope also has working partnerships with multiple banking institutions based out of Germany and Switzerland which further adds to its credibility in both crypto as well as mainstream financial ecosystems. In addition to all the above, the team at BiboxEurope playing a role in supporting any project can go a long way, as they are highly skilled localized professionals with an in-depth understanding of the market, regulatory environment, compliance requirements, operations and more.
And finally, the multi-cluster architecture implemented by BiboxEurope creates a highly secure environment where the funds of both investors, as well as projects,  are kept safe.
BiboxEurope believes that it can add a lot of value to the blockchain industry by sharing the resources as well as valuable knowledge they have gained so far in the journey with other projects. The fiat trading capability is just the first step towards that direction and one can expect more such initiatives from BiboxEurope in the coming days.
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Source: New

IBM & Google Ex-Director Shifts Towards Credits Blockchain

On October 11, CREDITS.COM announced the addition of a new member in the position of Chief Business Officer. The replenishment in the ranks of the company has become a major event in the market due to previous employee experience. Jennifer Trelewicz, who previously held the positions of Director of the Systems & Technology Laboratory at IBM, CTO of Google Russia, and Director of Risks & Market Data at Deutsche Bank, will now make every effort in developing the blockchain project.    
The management of Credits, knowing the strengths and vast knowledge of Jennifer, entrusted her the leadership of the external sector of business relations, which implies establishing working negotiations with partners, informational and analytical support in the process of making managerial decisions, improving control over the development process and the possibility of its operational adjustment.  
The following is a detailed interview on the employee’s previous work experience and her prospects at Credits:
Q: Could you tell us about an accomplishment that shaped your career?  
A: Opening the IBM Systems and Technology Laboratory in Moscow was significant. My path to the opening was not simple – I started work on the proposal with 2 IBM colleagues in 2004, and eventually worked an executive assignment role in the IBM headquarters to get the highest-level approvals to make it happen. From zero I built a team of 130 engineers, worked with colleagues in IBM around the world to bring interesting R&D to the lab, set up the structure and processes. The lab continued to function successfully after my departure, and one of my first hires as a project manager was later promoted to director of the lab, which makes me proud of him.
For me the key points of this project involved taking an idea from zero to business success navigating obstacles, building alliances.

Q: During your tenure as CTO at Google, with which major projects have you collaborated?

A: This was a while ago, when Google search first became useful in Russian. Our team collaborated with the core search team in Mountain View, California, to build Russian morphology into the language model, which was critical to the platform’s performance in this market. We also spearheaded work with Google Maps to adjust to Eastern European specifics of maps and transport, including norms for address numbering, the role of public transport, and others. At the time, public transport was not viewed to be very important to Google maps, but could any resident of Moscow imagine giving directions to an address, even to a delivery person in a vehicle, without telling the name of the closest metro station? This is just one example of the difference in paradigm.
Q: When did you familiarize yourself with blockchain technology and the Credits platform? 
A: I started working with blockchain technology as CEO of the S7 TechLab. We launched a joint project with Alfabank for selling airline tickets on Ethereum, and later, together with Alfabank and Gaspromneft-Aero, for handling payments for aviation fueling. In that role, I was familiar with both Ethereum and Hyperledger and could see the advantages and disadvantages of each for enterprise solutions.
I became familiar with the Credits platform recently, and I am impressed with the technology, including the technical layer and the commitment of the company to both the user community and to solution partners.
Q: Do you think the entire market has matured to the understanding that business is dependent on information security?

A: Technology business seems to understand this aspect, but some of the sectors historically less associated with information technology seem to be just coming to this awareness, normally when a breach happens to them. Even “low-tech” businesses are dependent on information security, since even they likely store some amount of customer and supplier data on computers. Businesses that do not understand their dependence on information security are at risk of major problems. Compromised information systems can affect everything, from customers and their interests, internal control systems (budget, purchasing, planning), and eventually the reputation of the company. As well, laws in many geographical regions worldwide govern the handling of customer data, so problems can lead to fines or worse.
Q: How do you assess the market development prospects?

A: I am very sanguine about the prospects, and I note that even Forbes has named 2019 as the “Year of Enterprise Blockchain”. Businesses are beginning to understand the value that the technology can bring to their systems, including integrating with legacy systems to enhance security and functionality. As well, achieving trust between counterparties in a world of global supply base, automated documents and payments, electronic engagements – all of this requires the technology that blockchain brings to the table.

Q: In what areas do you think Credits could collaborate with IBM?

A: IBM is an excellent partner for complex solutions projects, and they have worldwide channel for enterprise clients. I see a lot of potential in being a technical partner to IBM in solution projects, providing components of the solution, based on Credits blockchain technology.
Q: What do you value most about Credits technology and goals?

A: The architecture of the platform is well designed and skillfully implemented. The code is open, which allows clients and the community to verify, contribute, and certify for special installations. At the same time, since Credits controls the platform, we can ensure that critical integration interfaces for customer solutions are not broken with upgrades, as can happen with some other blockchain platforms.
At the same time, I really value the priorities of the team, with a balance between clients, developers and integrators, and community and investors. This is the type of healthy approach that characterizes long-term successful businesses.

Q: What is Credits doing well, and where is there an opportunity to grow?

A: The Credits technology platform is very well implemented, and the team pays a lot of attention to verification and stability. This is a solid foundation for working with partners developing on the platform, clients working with solutions on the platform, and general market trust in the technology.
Where I see opportunity is in developing our solutions portfolio in partnership with key players, such as IBM and others. This is where we will be able to bring maximum value to enterprise clients, leveraging the strengths of all partners to solve complex business problems.
Q: What do you hope to accomplish within the next year in Credits?
A: I will be nurturing and developing our relationships with partners, clients, and advisors worldwide. As well, I put a high priority on building our channel partnerships, including with integrators and ISVs. For these directions, I am looking forward to collaborating closely with our ambassadors and regional representatives. Together we will launch PoCs in key sectors, enable channel partners to build on our solutions, and realize solutions with enterprise clients.
In parallel I am working closely with our business development team to develop additional skills, hire the correct candidates, structure work around appropriate KPIs.
Therefore, the blockchain technology market is increasingly penetrating various business structures, thereby attracting the interest of both ordinary people and large company directors who want to make their efforts in the inevitable development of a reliable digital space.
Credits is an open-source and fully decentralized blockchain software platform operating based on the PoA (Proof of Agreement) algorithm. The platform offers network capacities of up to 1 million transactions per second with transaction processing times at 0.1 seconds, and low fees starting from 0.001 USD per transaction.
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Source: New

Chart Analysis: Bitcoin, Ethereum and Credits for October

The Current Market Situation
As of October 4th, crypto markets are still struggling to recover. Since its last sharp drop, BTC fails to retrace to $8500 level while many other currencies see significant losses. As of publishing time, BTC dominance remains around 67%. 
BTC/USDT Daily Chart
On the chart, we can see that the price made a break of the lower resistance boundary of the “triangle with a flat bottom” formation in the zone of $9560-9580. At the same time, 157 SMA was broken, which confirmed the dominance of sellers. Now the price is trading around $8100-8250, at the border of the resistance of descending channel. Consolidation of the price indicates the current period of accumulation, interest of buyers and a potential return to the upper boundary of the descending channel to $9100-9200 zone. After the middle of the month, the price may rebound from the support level of the descending channel and return to the area of $​​8900-9300, where there is a strong resistance. Also, the other day, the level of 8200 was traded and once again protected. The common mood is to fall, and we know that often the market goes against the majority. A lot of people are in shorts and this is an excellent point for growth (their stops and liquidation of positions, as was the case recently with longsters)

CS/BTC 4H Chart
Against the background of a general market decline, the CS/BTC trading pair shows a positive trend in terms of growth in volumes and prices. On the chart, we can see that the price once again has rebounded from the support line in the zone of 0.0000105-0.0000110 BTC and is preparing for a retest of the resistance zone around 0.0000127-0.0000130 BTC. Breaking this zone will enable the price to go up to the zone of 0.000015-0.000016 BTC. The overselling of technical indicators, as well as fundamental news performance, can be an additional incentive for investors when deciding to enter a position.

ETH/BTC Daily Chart
On this chart, we see that the ETH/BTC pair is in a deep downtrend that has been going on for a year. However, the price has been able to demonstrate positive dynamics, pushing away from support in the zone of ​​0.0155-0.0160 BTC, which is a historical low. Currently, the price is being traded to the midline of the descending channel, next to the 157 moving average. The downtrend to BTC indicates the possibility of diversification of investor assets and the potential growth of the ETH/BTC pair. An important resistance level is the zone 0.025-0.026 BTC, a break of which can signal a return to the zone 0.0308-0.0309 and the beginning of a new uptrend.

Fear & Greed Index
Currently, the Crypto Market Sentiment displays a “Fear-30” meter that correlates quite correctly with the general market situation and recent price movements. The investors are worried which means it is a signal for buying at an undervalue.
About the Author: Martin Goldmann is a freelance writer with a background in journalism
and publishing. He is a former managing editor of a cryptocurrency news outlet. He has
been involved in the cryptocurrency industry for over two years and fully believes in
its capacity to change the world.
The post Chart Analysis: Bitcoin, Ethereum and Credits for October appeared first on NewsBTC.
Source: New

Security Token Pioneer Marvin Steinberg: ICOs Don’t Need Advisors, but STOs Do

If you’re reading this article, you’re either interested in creating a Security Token Offering (STO) or participating in one.
Perhaps you’re an entrepreneur looking for innovative funding sources to grow your project to the next level, or maybe you’re just sick and tired of all the hassle (& hustle) that comes with lobbying to get funding from traditional investors… 
Or you’re simply an innovator and realized long ago that the blockchain technology and STOs are the future of fundraising.
Whichever applies most to you… 
There’s some good news and bad news:
The good news is that STOs allow you to raise more funds in record time without the uncertainty of traditional fundraising, and get instant access to a worldwide pool of investors with virtually unlimited funding possibilities.
However, the bad news is that there’s a lot of misinformation out there.
According to Marvin Steinberg, a leading STO expert and Founder of CPI Technologies, “Today, scores of providers are trying to sell sub-par solutions based on false assumptions that over-promise, but under-deliver. Since the demand for STOs is rising at an incredible rate, a lot of companies fall into this trap, just because they’re afraid to miss out on the action.”
Creating a Security Token Offering carries with it a lot of risks as-well, from technical, promotional, and of course, legal aspects.
What this means is that not only do businesses have to build a rock-solid platform that works extremely reliably, they also have to successfully market and promote the STO, while also complying with hundreds of strict regulations at the same time.
For example, businesses must be able to:

Choose the perfect STO Type and Structure for the project
Know which Jurisdiction to use (and, more importantly, which ones to avoid)
Take care of the most important legal aspects to avoid fines
Architect a 3-part crowdfunding campaign to quickly get investors for the STO

…and do all of this at each stage of the STO creation process.
The 7 Stages of Launching a Successful STO
Although the entire process of starting an STO is very comprehensive, Marvin Steinberg has put together a condensed 7-step guide that will help you get started the right way with your STO efforts, regardless if you’re new to the topic or quite familiar with it.
Stage 1. Choose an STO Type and a Jurisdiction
Marvin Steinberg asserts that this first step is critical and has a huge effect on everything that comes after it.
And that’s because the security token type will determine the rights of investors, along with important details regarding dividend payments, ownership of the asset, share in the company, access to the services of the company, and other aspects. 
Stage 2. Set a Business Structure, Model and Goals
After choosing an STO type and the jurisdiction for the Base Company (the company generating revenue for your investors), it’s time to create a Special Purpose Vehicle (SPV).
Marvin Steinberg explains SPVs are basically structures through a separate entity which then also become an equity shareholder in the Base company (acting as the revenue entity). This “Token Model” unlocks the ability to offer investors access to Equity Shares and Dividend Rights. 
Stage 3. Right Set up of Legal, Risks, and Opportunities 
After the foundations are set, it’s time to take care of the legal aspects of launching an STO. 
Marvin Steinberg explains that it is advantageous to leverage the EU’s “small offering exemption,” which involves 3 main rounds:

Initiation: this first “round” of the crowdfunding
2nd Round:  includes everything from finding and onboarding investors, due diligence of the KYC and AML processes, and processes regarding investment
3rd Round: this round is targeted at institutional and corporate investors

Stage 4. Set up the Security Token Smart Contract on the Blockchain
After the legal part is taken care of, it’s time to get technical.
Marvin Steinberg describes that depending on the requirements of the STO, you’ll need to create a Token on the Blockchain, by typically selecting Ethereum, Stellar or EOS as the main Blockchain where the Token will be issued.
Then, you need to select the Token Type, Token Framework, and Tokenomics Model.
Stage 5. Set up the STO Dashboard for the Tokensale
As you can imagine, in order to launch an STO, you need to have a solid infrastructure that ensures the issuance is safe and complies with legal regulations. Marvin Steinberg asserts that it is important to have a dashboard dedicated to investor services.
This part must be handled well.
Stage 6. Launch the STO to an Investor Network
A successful STO is heavily dependent on the investor network that it’s capable of reaching.
While the team behind the project might have a strong network, founders often rely on the networks of consultants, advisors, brokers, and fundraisers to reach the right people. 
This is particularly important for STOs rather than ICOs, as non-securitized tokens often make use of regulatory loopholes that would otherwise prevent them from selling to the public. 
Marvin Steinberg highlights that once you have the network, you can start selling your tokens. This typically happens in 3 distinct stages:

Private sale
Main sale

Stage 7. Execute a Highly-effective Marketing Strategy to Convert More Investors
Marvin Steinberg goes on that this final step is extremely important if you actually want to make money with your STO.
Due to the heavily-regulated marketing rules set by major advertising companies, such as Google and Facebook, for the Crypto industry, running regular PPC ads is not an option.
Therefore, you’ll need to use different marketing strategies, uniquely developed from scratch for your business needs, while taking into consideration the exact goals, milestones, metrics, and KPIs that will help you become successful (so you get an ROI as soon as possible)
Given the depth of each step involved in the launch of an STO, it’s clear that starting a successful STO is a very comprehensive process. 
Whether you’ve been researching STOs for a long time, or you just started thinking about getting new types of funding recently, it’s critical that you get help from a certified STO advisor, so you can follow these steps the right way, while avoiding the most common mistakes that many companies make when starting an STO. 
Find Someone Who Has a Proven Track Record of STO Success
Demand for STOs is rising at an incredible rate and companies are scrambling to understand all the complex technical, promotional, and legal implications.
To be successful, it’s highly recommended that you ask help from A-players and proven companies in the field. 
People like Marvin Steinberg and his company, CPI Tech. In fact, one of CPI Tech’s latest STO projects is the Times Square Token, an ambitious $700M undertaking that aims to “tokenize” a part of Times Square itself with the power of the Blockchain, empowering anyone to invest in real estate (along with all its perks), regardless of their background, geographic location, or financial situation.
Co-founded with tech-wizard Maximilian Schmidt, CPI Tech is a global leader in providing full white-label STO services to ambitious companies. It’s the first Blockchain Growth Promoter and Business Facilitator that helps companies sell more products with STO crowdsales, and that’s because Marvin Steinberg & Maximilian Schmidt specialize in creating highly-scalable, user-friendly blockchain software that’s also profitable. Their clients regularly see an ROI, not after years, but only a few months (or even less). And now they’re looking for new success stories.
STOs are the Future of Fundraising
Marvin Steinberg asserts that during the early days of fundraising through blockchain solutions, much of the media spotlight was on ICO news and ICO lists. Now, that clamor has siphoned down despite the popularity of the IEO list. The reasoning is that ICOs have proven to be largely unsafe for investors due to the lack of legal frameworks.
Real, existing businesses that seek growth opportunities without the jargon involved with traditional VC are seeking a way to raise through the blockchain, but that will be primarily possible with STOs, and slowly, STO lists will dominate investor searches. 
To bolster exposure of security tokens, Marvin Steinberg has created a guide that covers critical points that every STO must account for in order to be executed successfully. If you want to learn even more about STOs, Marvin’s guide is a good start. It covers everything you need to know about STOs, like what they are, how they work, and most importantly, how you can benefit from using one.
Whether you’ve been researching this topic for a long time, or you just started thinking about getting new types of funding recently, this is a great crash course into the world of STOs,  without wasting hours of your time with miscellaneous details. Get the ultimate STO guide for free here. 
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Source: New

The Banking Industry Cashes in on the Crypto Craze

In the infancy stages of cryptocurrency development, banks were outwardly hostile towards digital currency. However, the widespread adoption of blockchain-based technology for processing financial transactions quicker, safer, and more efficiently has led to a rethinking of traditional thought processes among notable banking giants. A caveat is in order, however many banks remain opposed to the purchase of cryptocurrency with bank-issued credit cards.
Established banking institutions have policies in place proscribing the use of bank-issued credit cards for cryptocurrency purchases. For the most part, this practice is limited to US-based banking institutions. While crypto certainly has a large and growing fan base, it remains an extremely volatile asset class, and is not recommended as a store of value. Several high-profile incidents of theft from crypto exchanges over the years have not helped the cause; they have exacerbated the skepticism of established financial enterprises and the monetary authorities.
One need only examine the price fluctuations in Bitcoin, and altcoin over the course of 2018 and 2019 for indications of this asset class’ volatility. For example, Bitcoin was priced at $6700 per unit in September 2018, and was trading at around $8400 per unit in September 2019. In between, there have been dramatic price fluctuations, with the world’s #1 cryptocurrency dropping under $3500 per unit, before hitting highs of over $12,500 per unit in July 2019.
While banks and regulators eschew the dramatic volatility of BTC, it is this very feature that is so enticing to speculators, traders, and casual investors of this contrarian asset category. Such is the interest in crypto, that many individuals are now trading price movements via CFDs at established brokerages. CFD trading is derivatives trading where traders buy contracts on BTC and other cryptos based on expectations of future price movements This has facilitated greater public interest in Bitcoin and altcoin, and banks are now reassessing their approach to this lucrative industry.
Banks are Starting to Accept Bitcoin and Cryptocurrency
After the unprecedented bull run of 2017, the cryptocurrency market endured a tumultuous slide which saw gains whittled away, during a corrective phase. However, 2019 brought with it fresh new hope for the crypto market which in turn eased the negative perceptions held by banks and other established financial institutions. In recent years, credit card companies worked in consonance with banks to alter the merchant category code assigned to digital currency purchases. By doing so, extra fees vis-a-vis crypto purchases could be charged.
It was not altogether uncommon for interest-rates in the region of 23% – 25% to be charged as advance fees on top of crypto brokerage fees. Increased moves to regulate the crypto trading and investing industries have put in place a series of safeguards in the form of higher fees and commissions when cryptocurrency purchases are involved. That the IRS regards Bitcoin and other crypto as assets is notable in terms of how it is taxed. Even the Securities Exchange Commission (SEC) has imposed strict measures on how ICOs are offered – they are now legally perceived just like IPOs.
Despite increased scrutiny in the US, there are several leading US banks which accept transactions with cryptocurrency brokerages via credit card purchases. An estimated 30% of banks are not subject to these stringent requirements. Chief among them are Goldman Sachs which now has its own digital currency known as Circle. This cryptocurrency was created in the interests of generating price stability with virtual currency. Its value is not derived from the extremely volatile cryptocurrency market; it is pegged to the value of the USD. While this flies in the face of the raison d’être of crypto to begin with, it is nonetheless a hybrid system.
Citibank has been exploring the possibilities of blockchain-based technologies since 2015. The head of Citi Innovation Labs, Keen Moore boasts of at least 3 blockchains for the ‘concept’ virtual coin – Citicoin, which has since been scrapped. In much the same way as many other US-based banks, Citibank also banned account holders from purchasing crypto with their credit cards. US-based customers switched from credit cards to debit cards to continue buying and selling Bitcoin through Citibank. This banking institution is focusing its efforts on regulatory compliance to ensure that Digital Asset Receipts (DAR) will bolster prospects for the global digital currency market.
Other banks like USAA feature a mobile app which is linked to a leading cryptocurrency exchange for users to automatically buy and sell digital currency. Yet another bank is Simple Bank which works alongside many leading cryptocurrency exchanges and can be used for buying and selling crypto for trading, and investment. Simple Bank is expressly reserved for US-based account holders. And then there is JP Morgan – a major US financial powerhouse which announced in February 2019 that it has a bank-backed cryptocurrency. Known as the JPM Coin, this digital currency can be used for settling transactions. JP Morgan is a notable entry to the banking scene which supports crypto-based trading.
Banks recognize that blockchain technology is the only way to compete with the security, speed, and reliability of smart contracts. For this reason, JPMorgan is now deeply invested in blockchain projects with distributed ledger technology. It is somewhat ironic that JPMorgan’s Jamie Dimon was outwardly hostile towards Bitcoin in earlier years, but has now embraced the blockchain technology that underpins it. The bank maintains that the CEO’s sentiment is consistent with the Board of Directors: Regulated blockchain technology holds promise.
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Source: New

Interview with Norbert Goffa: How ILCoin Blockchain Project Solves the Scalability Issue and Creates the New World of Blockchain

As the world of blockchain fights the long fight with the scalability issue, ILCoin Blockchain Project is preparing to release their own solution. According to the tests, RIFT, a protocol that utilizes 2-tier blockchain architecture, makes stable 1.5 Gb blocks a reality and creates unlimited potential for up-scaling blockchain networks.
In this interview, Norbert Goffa, the Executive Manager of the project, tells us about ILCoin’s new developments in the field of on-chain data storage and how they can help to improve our lives in many ways, way beyond the crypto industry.
Q: Why is blockchain scalability a big problem as cryptocurrency use expands? What is the best solution to this issue?
A: Right now, scalability is the key problem for the blockchain market. When a network expands, at some point the very architecture of blockchain cannot keep up with the load anymore. The inability to effectively overcome the current block size limit brings many difficulties. As far as TX operation is concerned, it will result in higher transaction costs and slows down the system. But what if we talk about the widespread utilization of the blockchain?
Having a large block size is the backbone of everything unless we consider moving the data off-chain. Needless to say, there are many critics of the on-chain counterpart. However, I believe that their arguments are based on their lack of deep understanding of technology. Practice shows that off-chain solutions are way less secure. Yes, they may be fast and easy to manage, but data safety is their weak spot. That is why we chose to increase the block size and build an on-chain solution based on RIFT, our new protocol.
Q: What is RIFT Protocol and how does it solve blockchain scalability problems?
A: In short, RIFT is a protocol that gives us potentially unlimited block size and at the same time allows us to transfer immense amounts of data through the current network system quickly, securely and without any losses.
To achieve that, we utilized mini-block technology and the principle of simultaneous synchronization. With RIFT, our blockchain will have a sub-level of interconnected mini blocks, which will also have references to their parent blocks. This structure will allow us to expand the network almost endlessly. Our only limitation at the moment is the technical capabilities of the system, but we are working on it. Our development team has already successfully tested a stable 1.5 Gb block, and now they are heading for 5 GB.
Q: What was the idea/ inspiration behind this unique technology (two-tiered blockchain)?
A: Over the past few years, we’ve seen quite a transaction speed race. The competition is high. Everybody aims to get assessed based on this aspect. Even though the facts suggest that the transactional capabilities of RIFT are way beyond even VISA’s, this is not something we’ve ever been overly obsessed with or attributed the high importance to.
Our main goal is to lay the foundation for on-chain storage via RIFT. This is what carries the intellectual challenge for us and makes it worth working hard and getting up for every single morning. We aspire to deliver the very first solution in the world that allows to storing files, videos, and images in an on-chain base. This is where RIFT comes into the picture: without this astonishing technology, that would be simply impossible.
Q: For the neophyte crypto user, explain in the simplest way how RIFT protocol’s Block and Mini Blocks work.
A: I like to compare RIFT to a human body. Mini-blocks are DNA-like: they carry the information, they know each other’s properties, and they can form a unity. The best part of our technology is that the data is so homogeneous that it binds the mini blocks  together so strongly that there is no way this bond could be broken. This way all the information is safe no matter how large the file might be. And the way RIFT transmits data is closest to teleportation.
Q: How is RIFT protocol different from other two-layer blockchain protocols?
A: RIFT is different from any other current solution in every aspect. It fundamentally revolutionizes the way data is stored. At the moment, no other project is capable of handling large amounts of data in an asynchronous manner and with simultaneous synchronization. Plus, we have a unique reference system where the mini-blocks connect to each other in a different way than they do in other blockchains. In other words, RIFT is bound to revolutionize data storage industry.
Q: How can you assure RIFT will be foolproof given its a new technology?
A: Our long-term goal is to create a DCB (Decentralized Cloud Blockchain) platform, where we will offer a wide range of useful solutions, including safe and convenient data storage, digital wallets, customizable smart contracts and an option to create your own applications. With a goal like this in mind, we couldn’t allow for any half-measures.
Our goal is to build a stable product, that is why put so much thought in making it foolproof. We broke the development down in stages, with extensive testing on each stage. First, we secured the system with our Palo Alto Network Partner certified C2P consensus. We have been working on RIFT technology since 2018. Our recent tests have confirmed that the 1.5 Gb stable block is already a reality. Now we are refining the protocol and will perform even more tests before the release.
Q: How does RIFT work with C2P, your award-winning blockchain security technology?
A: We knew that the solution we had in mind should have a secure base behind it. No one wants their important data lost or leaked. This is what C2P was made for. In the face of 51% attacks which put every PoW blockchain in danger and the quantum threat, we had to make sure our users are well protected.
C2P makes our system even more safe and secure, while RIFT is about efficiency. These two technologies are brilliant in their own right, but together they form such a strong, steady and scalable foundation for DCB that it is possible to establish a high-scale multi-billion dollar business on it.
Q: How do you see this technology paving the way for better blockchain use in the future? Can the tech be adopted by other cryptos as well?
A: One of my biggest aspirations is to contribute to the development of the entire industry. Unfortunately, recent years have not brought along any substantial results or achievements. I don’t want to sound too arrogant, but I believe it is safe to say that the ILCoin Development team has become the most successful team of 2019, owing to the development of C2P and RIFT. No one had done that before.
As for the adoption, we are glad to share our developments with the world. The basis of ILCoin’s technology corresponds with the one of Bitcoin. Both of us have built on the SHA-256 PoW system, which means that both C2P or RIFT could get easily implemented into the BTC system. Clearly, C2P utilization would be impossible from a practical perspective since our mining system is structured differently.
RIFT could solve the problem of Bitcoin, and after some smaller adjustments, it could also become compatible with other systems, too, such as Ethereum’s. Needless to say, larger projects do need to make some type of progress. We can only hope that our success will also urge and motivate other projects to achieve greater results. However, we recommend the approach we represent to exclusively those who consider safety, transparency, and decentralized data storage as the most significant factors. For us, users are of the highest priority; we are creating DCB for them.
More information about ILCoin is available at –
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Source: New

IVHIMPROM – Russia’s Oldest Chemical Producer With Leading Market Capitalization Launches Pilot Project With Credits Blockchain Platform

On September 20, the Credits blockchain platform project and one of the oldest Russian enterprises in the chemical industry, JSC IVHIMPROM, entered into a partnership agreement and announced the launch of a pilot project on the automation of the management of supply and product sales. The process of tracking the supply chain of raw materials and finished products are to be implemented using the software solutions of the Credits public blockchain platform.
The solution agreed upon by Credits and IVHIMPROM will allow for providing substantial control and automation of the delivery of products at all stages of the production process, which will largely ensure complete transparency of transactions and reduce transaction costs. The implementation of blockchain solutions will also make the database on shipments, deliveries, and operations fully immutable and tamper-proof, thus significantly increasing confidence and trust among suppliers, contractors and buyers. The use of the Credits blockchain basis will facilitate the supply chain process and will allow all parties to it to verify the quality of the services and products.
The implementation of blockchain solutions will become a significant competitive advantage for IVHIMPROM and will serve as a great incentive for its further growth in the chemical production market. 
The Credits blockchain project is conducting continuous integration on the market of the chemical and oil industries as two more major petrochemical producers of the Russian market will soon be connected to its infrastructure.
The Ivanovo Chemical Plant IVHIMPROM is the oldest enterprise in the chemical industry founded in 1838 by merchant Lepeshkin in the city of Ivanovo. The enterprise has extensive ties with research institutes of the Russian Federation and has a modern developed infrastructure, including an innovation and technology center, production workshops, storage facilities and more.
Credits is an open-source and fully decentralized blockchain software platform operating on the basis of the PoA (Proof of Agreement) algorithm. The platform offers network capacities of up to 1 million transactions per second with transaction processing times at 0.1 seconds and low fees starting from 0.001 USD per transaction.
The post IVHIMPROM – Russia’s Oldest Chemical Producer With Leading Market Capitalization Launches Pilot Project With Credits Blockchain Platform appeared first on NewsBTC.
Source: New

BiboxEurope Launches Referral Program, Users can Earn up to 80% in Commissions

BiboxEurope is at it again. The Swiss fiat-to-crypto exchange platform has announced a new set of benefits for its users, in the form of a referral program, enabling them to make the most out of their offering. The program is set to go live on September 18, 2019 and conclude by the end of October 2019. Those users who are participating in the BiboxEurope Referral Program stand to earn a whopping 80% in commissions by referring their friends and family to become part of the Bibox community.
The BiboxEurope Referral Program follows two other attractive announcements made by the company since its launch about two months ago. The first major announcement as a part of the inaugural offer was free deposits into the account, along with industry-low fees. The second announcement was the launch of its Insta-Buy feature that enables users to purchase cryptocurrencies with credit cards at unmatched rates. BiboxEurope’s Insta-Buy feature witnessed a huge rush on the opening day, forcing the company to briefly suspend the functionality to boost their infrastructure so that the platform can handle higher demands. The feature was later reintroduced in about a week’s time.
The new Referral Program will be live till October 31, 2019 and comes with a set of rules for the users to avail all the associated benefits of that program. Some of the event rules include:

Users will receive 80% referral commission by inviting friends to trade on the platform.
The token type of commissions shall be subject to the actual transaction fees incurred.
There is no upper limit of the number of invitees.

Throughout the duration of the program, BiboxEurope will be updating the referral and commission histories once every day at 8 AM (GMT +1). The referral commissions earned by users will be distributed to their respective accounts on the next day at 10 AM (GMT +1). The rules governing the campaign may be tweaked based on the community response and suggestions during the course of the Referral Program to ensure smooth functioning of its operations as well as better user engagement.
In order to refer their friends and family to the program, users on BiboxEurope can share their exclusive referral link, which needs to be used by the recipient to sign up on the platform and start trading. Once those referred to the platform start trading, a portion of the commissions charged on these trades will be shared as referral reward, with the user whose referral link was used. The referral link will be available on under the “Refer-a-Friend” page.  The latest 10 referrals and respective earnings from them will be available on the referral page, with the rest listed under Referral History.
In short, the rewards earned by users is directly proportional to the trades executed by their referrals. More the number/size of trades by the referral, higher will be the payouts to those users who referred them on to the platform.
In addition, it is worth nothing that BiboxEurope has a great reputation, which is further influenced by the company’s licenses, legal and regulatory compliance and collaboration with some of the leading Swiss and German banks. The platform has also raised equity investment from a world-leading Top-10 bank.
Learn more about the BiboxEurope Referral Program at –
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Source: New

The Blockchain That Can Beat EOS, TRON And Ethereum

Applications have become an integral part of the modern lifestyle. There are apps for anything from monetary transactions to tuning household appliances from work. But the market of apps is evolving, just like any other market. The advent of decentralized applications, or dApps, has heralded a new era in the way we perceive software on our devices. As a result, the infrastructures for maintaining dApps is becoming a hotly contested battleground for developers.
The market has already seen the creation of 2,551 dApps being used by over 95,966 users daily. Transactions through dApps are surpassing the 4,418,078 mark a day, and 11,741 smart contracts are involved in the process. Above all else, the market of dApps is already generating the volume of $21,512,096 per day and is showing no signs of abating despite the recent slump in cryptocurrency prices. 
The growing competition on the market of decentralized infrastructures is largely due to the launch of new public protocols with their unique technical advantages, which are simplifying the development of dApps and the implementation of ideas and concepts that could not be implemented on Ethereum, Tron or EOS. The lack of the technology needed that would negate the disadvantages of blockchain, such as the inability of network scaling, low network bandwidth, low transaction processing times, and others, is the main barrier preventing dApps from becoming even more popular and widely accepted as logical alternatives to classical apps.
The Alternatives
Apart from the all too popular Ethereum, Tron and EOS networks, there are other infrastructures becoming worthy alternatives. The Credits platform is one such competitor in the field that is offering a new solution for the development of dApps.
The Credits blockchain platform is a completely open-source and fully decentralized blockchain software protocol operating on smart contracts that are designed to allow the creation of high-performance applications. 
Credits smart contracts are written in JAVA, one of the most popular programming languages ​​in the world that is both accessible to most programmers and easily configurable to suit an endless variety of needs. Apache Thrift technology is used to allow the platform to simplify the process of integration with products developed in different programming languages.
It Is Working
Credits is not just a platform, but a full-fledged company that has publicly opened access to its software for all users. Anyone willing can join the network, launch an operating node and develop their own products and services based on the Credits protocol. To date, more than 20 decentralized applications have been developed on the Credits protocol.The full list is available on Credits dApp Map.
Projects such as the 0XUniverse gaming dApps, Unlimited Tower, ExoPlanets, Royale Roulette, along with the Karma, Rare Bits and WandX projects that are currently operating on the basis of the Ethereum, Tron and EOS protocols, are considering the possibility of migrating their applications to the Credits protocol for better functioning. 
Among the more interesting products based on the Credits platform is the Crext Extension, an analogue of Metamask acting as a browser extension for storing the Credits cryptocurrency and other tokens, and interacting with products based on Credits protocol. Another dApp is the CScheduler, a Credits blockchain-based service that provides the ability to schedule smart contracts at a defining moment or at specified time intervals. Among the popular gaming dApps on the Credits platform is Dice, a blockchain-based gambling game involving casting dice under the supervision of a random number generator.
Competition Is Progress
It is impossible to remain on what has already been achieved and the IT sector is the most progressive industry in the world, raking in hundreds of billions of dollars a year on apps and other products. The blockchain industry is catching up in terms of capitalization as major players are stepping in to provide the necessary infrastructure for its growth. However, the mainstays of the market are not indomitable and are gradually giving way to more advanced and progressive solutions.
The progress that the Credits platform has already made in its development and the innovative nature of its protocol have attracted the attention of many developers and giants of the IT industry, such as Lenovo and IBM. But the project team does not mean to stop on what has already been achieved and is planning to launch thematic hackathons and an Accelerator Program with a prize pool up to $2,000,000 to support the development of products and to showcase the capabilities of the platform.
If all goes as planned, the market will soon see a large number of products developed on the basis of the Credits protocol that will contribute to the development of the project infrastructure and its tokenomics. No matter the outcome of the upcoming events, one thing is clear – Credits is here to stay.
About the Author: The author of this article is Martin Goldmann.
Martin is a freelance writer with a background in journalism and publishing.
He is a former managing editor of a cryptocurrency news outlet. He has been
involved in the cryptocurrency industry for over two years and fully believes
in its capacity to change the world.
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Source: New