BTCMANAGER https://btcmanager.com Bitcoin, Blockchain & Cryptocurrency News Fri, 20 Apr 2018 08:40:35 +0000 en-US hourly 1 https://btcmanager.com/wp-content/uploads/2017/09/cropped-btcmanagerlogo-800x800-32x32.png BTCMANAGER https://btcmanager.com 32 32 Is Ask.fm About to Unleash a Blockbuster Token Sale? https://btcmanager.com/is-ask-fm-about-to-unleash-a-blockbuster-token-sale/ https://btcmanager.com/is-ask-fm-about-to-unleash-a-blockbuster-token-sale/#respond Fri, 20 Apr 2018 00:30:49 +0000 https://btcmanager.com/?p=27247 All is not well in the social media sector, and wherever there is trouble there is usually opportunity too. Unless you have been hiding under a rock, you will likely have heard about Facebook’s data breach trauma. It has sent shockwaves through the industry and crashed the dominant social network’s share price. Amidst the noise there are calls for things...

The post Is Ask.fm About to Unleash a Blockbuster Token Sale? appeared first on BTCMANAGER.

]]>
All is not well in the social media sector, and wherever there is trouble there is usually opportunity too. Unless you have been hiding under a rock, you will likely have heard about Facebook’s data breach trauma. It has sent shockwaves through the industry and crashed the dominant social network’s share price. Amidst the noise there are calls for things to be done differently, such as by moving away from reliance on harvesting personal data. To achieve that aim, blockchain technology has been touted as one possible solution.

That’s not such an outlandish idea given that Facebook CEO Mark Zuckerberg said at the beginning of the year that encryption and blockchain were two technologies he would be studying this year for solutions “to fix Facebook”. Referencing the power of centralised platforms like his own, Zuckerberg wrote: “There are important counter-trends to this –like encryption and cryptocurrency — that take power from centralized systems and put it back into people’s hands.”

Add to that the initial coin offering (ICO) being conducted by social messaging app Telegram that has raised a massive $1.7 billion in its private presale of its GRAM token and you can see how others could be tempted to test the waters of decentralisation.

Which brings us to Ask.fm. If you are not a teenager, you may not even have heard of the Q&A social network platform. Alternatively, you heard about it a few years back when children were being bullied on the platform, where you can ask and answer questions either openly or anonymously. Well, these days things are a lot happier at Ask.fm since a redesign that now discourages bullying behaviour. In fact, Ask.fm is alive and well with 215 million registered users around the world, support for 48 languages and an age profile Facebook would love, with 32 percent of users aged under 17 and only 15 percent aged 26 and over.

Well now listen to this – ASK.fm might be about to launch its very own ICO. With investors even more attuned to quality, given the proliferation low-quality and in some cases downright fraudulent fundraising pitches via the ICO route, one important way of selecting which ones to invest in is to home in on the those from an existing business.

What are the Ask.fm ICO Rumors Based On?

Ask.fm is advertising like mad for blockchain developers. Checkout the adverts running on cryptojoblist. The first paragraph for one of them states, “The client is a global social Q&A network with more than 200 million registered users. They are looking for an Ethereum Solidity Developer to join their team to help develop a new blockchain/cryptocurrency project globally.”

Now take a look at the domains that Ask.fm has been buying up recently – here’s two: askfmico.com and icoaskfm.com. According to Whois, both are registered to Ask.fm Europe Limited.

Also, Ask.fm looks like it has plans for some sort of new service given that it has parked the website address ask-fm.pro. Browse over to the website and you are greeted with a landing page that reads “Askfm 2.0.” That looks like a very heavy hint of something new coming down the pipe pretty soon.

Blockchain tech is attractive to social media properties because it holds out the promise of preventing fraud and data breaches in a way that a centralized platform, where the users are the product, cannot.

Messaging apps Telegram and Kik aside, Ask.fm would be a trailblazer in being among the first social media platforms pivoting to blockchain. And with 210 million registered users it probably won’t need to worry too much about not being able to advertise on Facebook, Twitter or Google’s network to drum up interest.

Your Answer is an Asset

From Ask.fm users’ point of view it means your answers would become an asset that you get paid for, in an amount presumably commensurate with their popularity – that would be a big plus for the user base and a fantastic way to introduce more people to crypto.

As a way to attract attention and breathe new life into the product, it makes so much sense for Ask.fm.

Steemit is already showing how a blockchain-based social network works for rewarding content creators and curators, and it could be that this is what the team at Ask.fm have in mind with their pro service.

Maybe the token that powers this new-look Ask.fm will be ASK.

Also, having a young audience is great for the network but the curation of quality answers from experts and influencers would probably be helped by a move to blockchain, where the granular control lacking in centralized platforms can be delivered.

In addition, from an advertisers perspective there is also less risk of promotions appearing in inappropriate places. Ultimately, for ask.fm it adds up to a more diversified revenue stream far less dependent on traditional advertising models.

Finally, nearly half of Ask.fm’s audience is in Europe and the former Soviet Union, so an ICO could help it raise its profile in Asia and North America, although regulatory issues would have to be navigated.

Hopefully, if the mounting evidence pointing to the likelihood of an ICO turns out to be true, Ask.fm will go public with a crowdsale very soon, allowing its users and the wider crypto-investing community to get in on what could be one of this year’s biggest fundraisings.

Watch this space… or do some digging around yourself. Ask the right questions and you could get an answer that’s a pleasant crypto investment surprise.

 

BTCManager does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as investment advice.

The post Is Ask.fm About to Unleash a Blockbuster Token Sale? appeared first on BTCMANAGER.

]]>
https://btcmanager.com/is-ask-fm-about-to-unleash-a-blockbuster-token-sale/feed/ 0
Brave Software Inks Deal with Dow Media Group (Barrons, MarketWatch) https://btcmanager.com/brave-software-inks-deal-with-dow-media-group-barrons-marketwatch/ https://btcmanager.com/brave-software-inks-deal-with-dow-media-group-barrons-marketwatch/#respond Thu, 19 Apr 2018 23:45:43 +0000 https://btcmanager.com/?p=27250 Brave software, a privacy-focused web browser, and the Dow Jones Media Group have struck a partnership that will offer premium content to new audiences as well as launch a pilot blockchain-based digital publishing service. The collaboration was announced via a post on the BAT website on April 18, 2018. Users who download the Brave browser on a first-come, first-serve basis...

The post Brave Software Inks Deal with Dow Media Group (Barrons, MarketWatch) appeared first on BTCMANAGER.

]]>
Brave software, a privacy-focused web browser, and the Dow Jones Media Group have struck a partnership that will offer premium content to new audiences as well as launch a pilot blockchain-based digital publishing service. The collaboration was announced via a post on the BAT website on April 18, 2018.

Users who download the Brave browser on a first-come, first-serve basis will have access to premium Barrons and MarketWatch newsletters. These two platforms will also become verified publishers on the Basic Attention Token platform of the Brave software.

The Basic Attention Token, based on Ethereum, is a cryptocurrency that is used to buy advertising and premium features within the browser, rewards users for their attention and finally pay publishers based on the recognition they receive.

Blockchain Technology and Digital Advertising

Source: https://basicattentiontoken.org/dow-jones/

The partnership is part of an experiment to see how blockchain technology can fit into the media and advertising industry. There are plans to test some innovative blockchain-based solutions especially delivering advertisement content on the blockchain. Speaking on the partnership, Brendan Eich, the co-founder and CEO of Brave said:

“We’re thrilled to be partnering with Dow Jones Media Group to provide Brave users with premium content via Brave and the Basic Attention Token. Our new model reconnects users and publishers without compromising privacy. We look forward to our users enjoying Barron’s and MarketWatch premium newsletters.”

For his part, Daniel Bernard, Barron’s Senior Vice President at Dow Jones Media Group stated:

“Our partnership with Brave is an exciting and innovative step for Dow Jones Media Group. As global digital publishers, we believe it is important to continually explore new and emerging technologies that can be used to build quality customer experiences.”

Changing Views?

This partnership between Brave and Dow Jones Media Group suggests a change in the perception of the mainstream media towards the Brave browser. When the ad-blocking Brave browser first came on board, there was a lot of hostility from the mainstream media.

Two years ago, some newspapers which included The New York Times, The Wall Street Journal, and the Washington Post published a letter that basically called the Brave bowser ad blocker “illegal.” The Wall Street Journal is published by the Dow Jones Media Group.

Speaking on the development, Eich said that some publishers did indeed see Brave as just another ad blocker, hence, the initial negative reception. However, the Brave CEO believes the situation is changing. According to him, there have fruitful discussions with many media organizations, and he expects more partnerships in the future. The Facebook-Cambridge Analytica scandal has shed light on and created a level of distrust on services that are free only because they share the personal details of their users with advertisers.

Online users are becoming disgruntled with the invasive nature of online advertisements. Not only that, they slow down web pages with unnecessary data clutter, burn battery power and network data and, as a result, driving people toward ad-blocking software. Brave has more than two million users on both the desktop and mobile platforms. The platform had a successful ICO in 2017 which raised $35 million in less than half a minute.

The post Brave Software Inks Deal with Dow Media Group (Barrons, MarketWatch) appeared first on BTCMANAGER.

]]>
https://btcmanager.com/brave-software-inks-deal-with-dow-media-group-barrons-marketwatch/feed/ 0
4 Interesting Ways to Get Exposed to Cryptocurrencies https://btcmanager.com/4-interesting-ways-to-get-exposed-to-cryptocurrencies/ https://btcmanager.com/4-interesting-ways-to-get-exposed-to-cryptocurrencies/#respond Thu, 19 Apr 2018 22:45:15 +0000 https://btcmanager.com/?p=27237 Cryptocurrencies shot to limelight in 2017 when bitcoin started soaring from around $1000 at the start of the year all the way to incredible highs above $19,000 by the end of the year. 2018 is shaping up to be particularly interesting for stakeholders in the cryptocurrency trading markets as the industry starts facing serious headwinds on different fronts. The voice...

The post 4 Interesting Ways to Get Exposed to Cryptocurrencies appeared first on BTCMANAGER.

]]>
Cryptocurrencies shot to limelight in 2017 when bitcoin started soaring from around $1000 at the start of the year all the way to incredible highs above $19,000 by the end of the year. 2018 is shaping up to be particularly interesting for stakeholders in the cryptocurrency trading markets as the industry starts facing serious headwinds on different fronts. The voice of skepticism and criticism are louder than ever before, governments are taking decisive steps to regulate cryptocurrencies, and some naysayers can’t seem to stop predicting doom on the horizon.

However, the current weakness plaguing cryptocurrencies might turn out to be a blessing in disguise for bold traders who are not scared of making contrarian moves. The legendary Warren Buffet once said that the easiest way to make money in the market “is to make be fearful when others are greedy and be greedy when others are fearful.” Right now, many people in the cryptocurrency industry are “fearful” and there’s probably no better time to be “greedy.” This piece provides insight into four different ways to be involved in cryptocurrencies if you are scared of falling prices.

Traditional Buy and Hodl

The easiest way to play cryptocurrencies is the traditional buy and hold strategy – you buy a cryptocurrency, wait for the price to increase, and then, sell it for a tidy profit. There are more than 1,500 altcoins in the market; hence, you’ll need to commit considerable time and resources to conduct due diligence on any cryptocurrency you want to buy. You’ll also need to be resolute when screening cryptocurrencies so that you can effectively sift the hype from altcoins that have substance.

A smart way to improve your odds of success as a buy and hold investor is to use dollar-cost-averaging strategies. Dollar cost averaging helps you spread out the purchase of your positions over a period in which you buy a fixed amount of cryptocurrencies weekly or monthly irrespective of the spot price. At the end of the year, you’ll discover that you’ve bought your overall position at the average trading price instead of buying up a bulk position all at once, only for prices to improve after the following week.

Become a Crypto Day Trader

If you are more adventurous and you’d love to increase the ROI of your exposure to cryptocurrencies, active trading is the way to go. A cryptocurrency trader is fundamentally different from a cryptocurrency investor in that the trader buys different cryptocurrencies and sells them at a higher price in a relatively short time (usually within hours or the same day at most). To be a successful cryptocurrency trader, you’ll need a deep understanding of the markets – you need to know how different news headlines are likely to move the markets.

Cryptocurrency traders will also need to learn how to master their emotions so that they can follow a trading plan even when they are tempted to make emotional decisions. More importantly, a trader will need to be ready to spend more time monitoring the markets, placing, and executing trades.

Invest in Crypto-related Ventures

You may want to look for opportunities to invest in crypto-related ventures if you are not bold enough to make direct investments in cryptocurrencies or you lack the expertise or time to trade the cryptocurrency markets. Investing in crypto-ventures is not the same as buying into an ICO or token sales – an ICO doesn’t make you a shareholder. You’ll need to look for other opportunities to provide seed funding, your expertise, experience, or other stuff to a company that wants to do something in the cryptocurrency space in exchange for a stake (stock) in the company. If the company succeeds in its venture, you’ll be entitled to some of those gains as a shareholder.

Become a Cryptocurrency Miner

If you are a business-minded tech enthusiast with a passion for hands-on involvement, cryptocurrency mining is another interesting way to get exposure to cryptocurrencies. However, you’ll need to do your maths right and know if your mining operations will be profitable. You’ll need to factor in the cost of expensive mining equipment, cost of electricity, and your time. Many people believe that mining cryptocurrencies might only make financial sense when done in large quantities.

You’ll also find opportunities to join a cloud mining platform where people pool resources to set up a mining operation. You should conduct due diligence on any mining pool or cloud money group you want to join in order to be sure that you are not handing over your money to scammers.

 

BTCManager does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as investment advice.

The post 4 Interesting Ways to Get Exposed to Cryptocurrencies appeared first on BTCMANAGER.

]]>
https://btcmanager.com/4-interesting-ways-to-get-exposed-to-cryptocurrencies/feed/ 0
CryptoFriends partners with the Malta Blockchain Summit https://btcmanager.com/cryptofriends-partners-with-the-malta-blockchain-summit/ https://btcmanager.com/cryptofriends-partners-with-the-malta-blockchain-summit/#respond Thu, 19 Apr 2018 22:15:48 +0000 https://btcmanager.com/?p=27222 Malta Blockchain Summit 2018; 1-2 November, InterContinental Arena, St. Julian’s – Malta. The inaugural edition of the Malta Blockchain Summit promises to be a seminal event on the Blockchain and DLT calendar, and it has just received a boost with a newly-minted partnership with CryptoFriends, who are known for bringing their signature style to the events they work with. CryptoFriends...

The post CryptoFriends partners with the Malta Blockchain Summit appeared first on BTCMANAGER.

]]>
Malta Blockchain Summit 2018; 1-2 November, InterContinental Arena, St. Julian’s – Malta.

The inaugural edition of the Malta Blockchain Summit promises to be a seminal event on the Blockchain and DLT calendar, and it has just received a boost with a newly-minted partnership with CryptoFriends, who are known for bringing their signature style to the events they work with.

CryptoFriends have an established track record with Hackathons and ICO pitches, and their association with the Malta Blockchain Summit all but ensures that those two events will be carried off with aplomb. The Malta Blockchain Summit will feature a Hackathon that will see 60 developers (organized in 12 teams) battle it out during the event. It will also bring together companies from around the globe for an equally competitive ICO pitch, with some of the most sophisticated panellists in the business officiating proceedings. The CryptoFriends partnership means both these initiatives will be imbued with the freshness and dynamism that has been their calling card.

CryptoFriends Co-founder and CEO, Daria Arefieva, comments, “We are extremely delighted to partner with the Malta Blockchain Summit. Thanks to its progressive and positive attitude towards blockchain technology and sensible industry regulation, Malta is fast becoming one of the leading nations for blockchain in Europe, if not the world. This summit is an exciting opportunity for anyone operating in the space to come and see how this beautiful island is embracing our industry, seek out new business opportunities and grow their network. CryptoFriends is all about building smart connections in the crypto space and we are looking forward to bringing our passion, expertise and unique twist on blockchain events to Malta.”

In addition to supporting the Malta Blockchain Summit in November, and as part of its commitment to promoting all things blockchain in Malta, CryptoFriends is planning a series of monthly, unique and intimate blockchain parties and meetups to take place on the Mediterranean island throughout this summer.

Each event will take place in a different, stunning venue. They will feature ICO pitches, a panel discussion with top investors and personalities from the blockchain industry and the chance to network with leading industry enthusiasts against the background of great music, entertainment, food and drinks.

The current schedule of events includes:

  • June 23 – CryptoFriends Birthday party at the Hugo’s terrace Malta,
  • August 24 – CRYPTOiGathering party at the Barracuda Restaurant,
  • September 21 – CRYPTOiGathering party at the Sheer Bastion,
  • November 1-2 – Malta Blockchain Summit at the InterContintal Malta Hotel.

The Malta Blockchain Summit will include a number of featured conferences, headlined by elite speakers from all over the globe. Each conference will focus on the significance of Blockchain for various sectors that stand to be disrupted by this emerging technology.

Considering Malta’s leading position on regulation, its confirmed commitment to being the first global centre for blockchain and crypto businesses, and the CryptoFriends partnership, the Malta Blockchain Summit promises to be ideally positioned for maximum effect.

Peruse the floor plan to this event and check further opportunities when you visit www.maltablockchainsummit.com

Early bird tickets are already live, it’s worth booking early to avoid disappointment.

 

This is a paid press release. BTCManager does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. BTCManager is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post CryptoFriends partners with the Malta Blockchain Summit appeared first on BTCMANAGER.

]]>
https://btcmanager.com/cryptofriends-partners-with-the-malta-blockchain-summit/feed/ 0
DreamTeam Introduces Networking to the World of eSports https://btcmanager.com/dreamteam-introduces-networking-to-the-world-of-esports/ https://btcmanager.com/dreamteam-introduces-networking-to-the-world-of-esports/#respond Thu, 19 Apr 2018 21:45:42 +0000 https://btcmanager.com/?p=27226 The eSports industry is currently experiencing an unprecedented level of growth. A market that was once measured in millions, eSports is now a multi-billion dollar enterprise encompassing all areas of the globe. While traditional sports are suffering from falling viewership, the complete opposite is true of eSports. Aggressive projects like Blizzard’s Overwatch League bring competitive gaming into the mainstream by...

The post DreamTeam Introduces Networking to the World of eSports appeared first on BTCMANAGER.

]]>
The eSports industry is currently experiencing an unprecedented level of growth. A market that was once measured in millions, eSports is now a multi-billion dollar enterprise encompassing all areas of the globe. While traditional sports are suffering from falling viewership, the complete opposite is true of eSports. Aggressive projects like Blizzard’s Overwatch League bring competitive gaming into the mainstream by mimicking the structure of traditional sports. New teams are city-based and invoke the kind of team spirit necessary to truly make eSports competitive against their traditional counterpart.

However, there still exists a critical hurdle for eSports to pass. While the professional scene has developed around pioneering players, the industry lacks the infrastructure needed to support player growth truly. Where traditional sports have varsity, college and minor league teams from which to draw talent, eSports suffer from the lack of a similar player pool. A focused approach to building amateur leagues is necessary for long-term success in this space.

DreamTeam aims to do just that, by creating a networking platform for all levels of competitive gaming. Their project will create a full ecosystem for team formation, hiring coaches and attracting sponsors. Local teams that were once forced to depend on their own business skills and marketing resources can now use the DreamTeam platform to facilitate their success. This frees up valuable time for practice, liberating players from diverting time and energy away from the game.

DreamTeam’s eSports Networking Platform

The key to DreamTeam’s success lies in its ability to manage all aspects of an eSports team within its platform. Amateurs can form their own teams by finding other local players using a robust set of networking and team management tools. Once they have established their team, players can then seek out coaches that are willing to help them on their path. Local businesses that want to support eSports can use the platform to find teams, in the same way, that they would sponsor a high school or minor league teams in their areas. At the top, professional teams can headhunt from these amateur teams using the provided statistics functionality. This all-encompassing platform offers a solution to the persistent problem of finding new eSports talent.

Further, DreamTeam is using blockchain integration to support its new platform. The inherently trustless system of a distributed ledger allows the company to create a payment ecosystem free from the risks of fraud and non-payment. Player salaries can be distributed by smart contract, with the funds held in escrow by the blockchain itself. Tournament winnings can be verified ahead of time through the same process – preventing the all-too-common situation of tournaments failing to pay out to winning teams. This easily verified process also encourages greater credibility in the entire industry. Players, coaches, teams, and tournaments will all be held to a high standard through verified transactions. Those that abuse the system will now have a track record.

In order to bring this system to life, DreamTeam has assembled a ‘dream team’ of advisors and team members. CEO Alexander Kokhanovskyy – himself having created the highly popular eSports team Natus Vincere (Na`Vi) – brought together a strong cross-section of eSports and technology pioneers. These include Sundance Digiovanni, the former CEO and a co-founder of the Major League Gaming (MLG) organization. MLG has been crucial in bringing eSports into the mainstream. Also signed on is Ralf Reichert, CEO of ESL Gaming, one of the oldest eSports organizations still in operation. On the financial side, Emmanuel Aidoo serves as the Blockchain and Cryptocurrency Strategist for Credit Suisse. Along with a development team boasting decades of experience, DreamTeam also secured the help of a team of eSports marketers and promoters that will help create the ultimate platform for eSports team management.

Xsolla and the DreamTeam Test Net Wallet

DreamTeam is well on its way to a full product release, with their test net now up and running for early adopters and developers. Users can access the Blockchain User Wallet and Smart Contracts system to test the monetization features that will be available in the full release.

Currently based on the Ethereum blockchain, the platform will allow users to set up smart contract based payments for players, coaches and support personnel. Further, sponsors and team organizations can pay into the system to fund these escrow accounts, allowing verification of funds before any agreement is made. This level of support for player organizations is unheard of in the amateur and mid-level eSports world and will go a long way towards fostering new talent.

Additionally, DreamTeam partnered with payment processing giant Xsolla to help with entry points into the system. Xsolla is easily the largest payment processor for the gaming industry, most notable for their Twitch.tv integration. Users on the Twitch platform can pay through Xsolla to help support their favorite streamers and eSports organizations. Many of the star streamers on Twitch depend on this revenue source to allow them to game full time.

The Future of eSports

Since the release of the DreamTeam beta platform, over 50,000 users have registered to participate in the platform. This level of traction for a prototype speaks volumes of public confidence in the project, and numbers are projected to triple over the course of the year. Millennials grew up playing games on a competitive level, and they are free of the perceptions of previous generations. eSports and competitive gaming are seen as a perfectly viable and even attractive career choice. However, a platform like DreamTeam is desperately needed to help create the support structure for professional gaming.

When new players feel that they have a clear path to the pro leagues, they will be more willing to invest the time and effort into their skills. If they are forced to rely on their own promotion and marketing, their gaming skills will atrophy proportionally. DreamTeam provides them not only the platform to get recognized, but a reliable payment method that may bring us some of the eSports stars of tomorrow.

 

BTCManager does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as investment advice.

The post DreamTeam Introduces Networking to the World of eSports appeared first on BTCMANAGER.

]]>
https://btcmanager.com/dreamteam-introduces-networking-to-the-world-of-esports/feed/ 0
Boxer Manny Pacquiao To Launch Cryptocurrency, Supports Bitcoin Regulation https://btcmanager.com/boxer-manny-pacquiao-to-launch-cryptocurrency-supports-bitcoin-regulation/ https://btcmanager.com/boxer-manny-pacquiao-to-launch-cryptocurrency-supports-bitcoin-regulation/#respond Thu, 19 Apr 2018 20:45:29 +0000 https://btcmanager.com/?p=27218 Boxing champion Manny Pacquiao plans to launch a cryptocurrency called the PAC Token in late-2018 and supports the regulation of bitcoin and other virtual currencies. Pacquiao said he wants to roll out his own crypto to connect with his fans around the world. “It can be a way to be in touch with the fanbase,” Pacquiao told AFP on April...

The post Boxer Manny Pacquiao To Launch Cryptocurrency, Supports Bitcoin Regulation appeared first on BTCMANAGER.

]]>
Boxing champion Manny Pacquiao plans to launch a cryptocurrency called the PAC Token in late-2018 and supports the regulation of bitcoin and other virtual currencies.

Pacquiao said he wants to roll out his own crypto to connect with his fans around the world. “It can be a way to be in touch with the fanbase,” Pacquiao told AFP on April 18. “And there are a lot of things we can do with this cryptocurrency.”

The PAC Token will be unveiled later in 2018 on the Singapore-based Global Crypto Offering Exchange (GCOX), which Pacquiao has invested in.

Pacquiao is currently a senator in his native Philippines. He went into politics after a storied 21-year boxing career that included 11 world titles across eight different weight classes. That is a feat unmatched in the history of boxing.

Pacquiao: Crypto Should Be Regulated

Lawmakers in the Philippines have proposed harsh penalties for cryptocurrency-related crimes. As a member of the Philippine Senate, Pacquiao supports regulation of the budding industry.

“It is already regulated in other countries,” he said.

Boxing champ Manny Pacquiao supports bitcoin regulation. (screenshot)

Hopefully, Manny will steer clear of scammers and con artists by not following the lead of fellow boxing legend Floyd Mayweather.

In early-April 2018, the co-founders of an initial coin offering that had been heavily promoted by Mayweather and music producer DJ Khaled were arrested and charged with securities fraud.

Sohrab “Sam” Sharma and Robert Farkas, the co-founders of cryptocurrency startup Centra Tech, were accused of raising more than $32 million through a sham ICO, as BTCManager has reported.

Celebrities May Be Sued For Promoting Bogus ICOs

While Floyd Mayweather and DJ Khaled were not charged in the Centra Tech lawsuit, securities lawyers warned that celebrities who endorse sham ICOs could be sued for aiding and abetting fraud.

Former Securities and Exchange prosecutor Nick Morgan said the fact that the SEC noted that celebrities had endorsed Centra “left the door open” for them to be sued.

“There was nothing in there that I think anyone should take comfort from, just because they were not individually named,” Morgan told the Financial Times.

Despite Manny Pacquiao’s rags-to-riches life story, he has a reputation for being humble and generous. Pacquiao, who grew up in poverty, was ranked No. 20 on Forbes magazine’s 2017 list of the highest-paid athletes of all time, with career earnings topping $510 million.

At 5-foot-5 and 146 pounds, Manny said he remembered vividly what it was like to be hungry, and used that as motivation to work hard:

“I remember as a little boy I ate one meal a day and sometimes slept in the street. I will never forget that, and it inspires me to fight hard, stay strong and remember all the people of my country trying to achieve better for themselves.”

Pacquiao doesn’t just hoard his riches or flaunt it by buying extravagant things like flashy Lamborghinis. He has reportedly donated more than $200 million during his career. “After each fight, half of my income goes to the poor,” he said.

Pacquiao has also built more than 1,500 homes for the poor in the Philippines and bought new boats for a group of fishermen in a poor coastal community.

The post Boxer Manny Pacquiao To Launch Cryptocurrency, Supports Bitcoin Regulation appeared first on BTCMANAGER.

]]>
https://btcmanager.com/boxer-manny-pacquiao-to-launch-cryptocurrency-supports-bitcoin-regulation/feed/ 0
Bitcoin Cash Breakout: Back Above 0.10 Against Bitcoin https://btcmanager.com/bitcoin-cash-breakout-back-above-0-10-against-bitcoin/ https://btcmanager.com/bitcoin-cash-breakout-back-above-0-10-against-bitcoin/#respond Thu, 19 Apr 2018 20:15:53 +0000 https://btcmanager.com/?p=27240 As altcoins ride a tide of bullish sentiment, one unlikely crypto is surging ahead; bitcoin cash has broken back above the 0.1000 handle against bitcoin.   Bitcoin Cash, the wayward child spawned from last August’s’ hard fork, was up over ten percent on Wednesday and continued to make gains on April 19. At the time of writing the coin is...

The post Bitcoin Cash Breakout: Back Above 0.10 Against Bitcoin appeared first on BTCMANAGER.

]]>
As altcoins ride a tide of bullish sentiment, one unlikely crypto is surging ahead; bitcoin cash has broken back above the 0.1000 handle against bitcoin.  

Bitcoin Cash, the wayward child spawned from last August’s’ hard fork, was up over ten percent on Wednesday and continued to make gains on April 19.

At the time of writing the coin is trading at $937 (Bitfinex), bringing the ratio of BTC to BCH back above 0.1000.

At 21:30 on Tuesday, April 17 the coin was trading around $763, but it broke out of the 200 moving average and surged past the $800 and $850 resistance marks.

After facing a little resistance at $900, it then broke out again with even more exuberance to form a five percent green candle reaching highs over $940.

Why so High Bitcoin Cash?

Recent momentum has left the market cap teetering on the precipice of a bearish trend, but bitcoin cash already seems to have broken out of its bearish outlook.

The breakout was called by crypto trader Brian Kelly, who on April 18 cited “increased volatility in the coin and higher volumes in the last month as proof of a potential breakout.”

He told CNBC Fast Money:

“Bitcoin cash has been left for dead […] Maybe it’s mostly dead, but it’s not dead yet.”

Roger Ver as ever remains bullish on bitcoin cash as evidenced by a recent tweet. However, he was criticized for making it seem like a bitcoin cash event when it was not focused solely on the altcoin:

Market Momentum

Brian Kelly, who owns an investment firm for cryptocurrencies, also called for a comeback of altcoins generally, suggesting that with Tax Day now out the way, the drawn-out bear market may be coming to an end.

Recent coin movement indicates that this might be the case, with some of the biggest names in the space showing signs of life.

Since April 11, bitcoin has risen 16 percent, ether 23 percent, and ripple 35 percent.

On April 18 alone, the cryptocurrency market as a whole added 5.2 percent to the market cap, reaching $342 billion, and the market as a whole has gained over 37 percent in the past week.

 

Disclaimer: The author does not hold bitcoin cash, and does not plan on entering any positions in the near future.

The post Bitcoin Cash Breakout: Back Above 0.10 Against Bitcoin appeared first on BTCMANAGER.

]]>
https://btcmanager.com/bitcoin-cash-breakout-back-above-0-10-against-bitcoin/feed/ 0
Stellar Network’s Crowdsourced Development Exceeds Expectations https://btcmanager.com/stellar-networks-crowdsourced-development-exceeds-expectations/ https://btcmanager.com/stellar-networks-crowdsourced-development-exceeds-expectations/#respond Thu, 19 Apr 2018 19:45:59 +0000 https://btcmanager.com/?p=27213 The Stellar organization on April 16, 2018, announced the results of their sixth Stellar Build Projects. According to the Twitter announcement, “there were over 300 submissions.” The non-profit will reward 113 of the 324 submissions with XLM tokens with the overall winners receiving 200,000 XLM. Although the prize pool was initially 550,000, Stellar decided to increase this total by five...

The post Stellar Network’s Crowdsourced Development Exceeds Expectations appeared first on BTCMANAGER.

]]>
The Stellar organization on April 16, 2018, announced the results of their sixth Stellar Build Projects.

According to the Twitter announcement, “there were over 300 submissions.” The non-profit will reward 113 of the 324 submissions with XLM tokens with the overall winners receiving 200,000 XLM. Although the prize pool was initially 550,000, Stellar decided to increase this total by five times to distribute roughly 2.7 million to the winners.

After the announcement of the winners of Stellar Build Challenge, Stellar’s digital currency, the Lumen (XLM) reached above $0.30 per token.

Stellar Fuels Growth in Collaboration with the Community

The Stellar team is actively developing the open source network along with the aid of the cryptocurrency community. The non-profit acknowledged that the sheer number of submissions and entrants surpassed their initial expectations as they “received more submissions for this SBC than in all previous challenges combined,” said Christian, an author of Stellar on their website.

“There’s an order of magnitude more interest in the Network now; and the combined talent applied to Stellar is much greater than it’s ever been. While these are welcome problems to have, we’re the first to admit that the Stellar Build Challenge has struggled to keep up.”

XLM has reached highs around $0.36 on April 19, with nine percent growth over the past 24 hours. Stellar’s new developments form the project’s contributions may be an influencing factor. The independent projects for the Stellar Build Project vary from improved security measures, user experience tweaks, tutorials, to chatbots. Viewers can see the honorable mentions from the competition on this webpage.

The Delaware-based organization hopes to continue future Stellar Build Challenges and continue furthering community support and open contributions to the platform. The organization stated in their 2018 roadmap post that, “we recognize that our platform is only as useful as the tools built on top of it. As noted, we’re seeing more interest in Stellar than ever before, from randos and !randos alike, and we want to make sure it’s easy for anyone to begin building on our network.”

Stellar’s Future Roadmap

Stellar was founded in 2014 as a fork from Ripple. As stated on the website, the organization’s co-founder Jed McCaleb envisioned an “open platform for building financial products that connect people everywhere.” Unlike Ripple’s approach to service banks, Stellar connects “people to low-cost financial services to fight poverty and develop individual potential.”

In a blogpost on January 22, 2018, Stellar claimed that the Lumens (XLM) token’s transactions were faster and cheaper compared to other popular cryptocurrency tokens like Bitcoin, Dash, and even Ethereum.

Source: Stellar website

Although the Stellar Network can trade multiple tokens quickly at a reasonable cost, the company calls for more anchors (third party providers that connect the network to other digital assets or services) and market-makers to keep up with the competition with large exchanges.

Stellar is, therefore, offering “grants up to $2 million for partners in these areas,” said Christian.

Additionally, the organization promises to integrate with the Lightning Network. “Lightning will have a huge positive effect on Stellar’s long-term scalability and security,” said Christian

The Stellar organization has made significant gains on other popular coins last year and closed 37 partners including IBM and Tempo. As of April 19, 2018, according to CoinMarketCap, XLM is ranked eighth in the cryptocurrency market with a market capitalization of almost $6.74 billion.

The post Stellar Network’s Crowdsourced Development Exceeds Expectations appeared first on BTCMANAGER.

]]>
https://btcmanager.com/stellar-networks-crowdsourced-development-exceeds-expectations/feed/ 0
Cryptocurrency Exchange Coinone Goes Global with Indonesia Launch https://btcmanager.com/cryptocurrency-exchange-coinone-goes-global-with-indonesia-launch/ https://btcmanager.com/cryptocurrency-exchange-coinone-goes-global-with-indonesia-launch/#respond Thu, 19 Apr 2018 18:45:30 +0000 https://btcmanager.com/?p=27208 Coinone have announced that they will be opening up cryptocurrency trading in Indonesia, making them the first South Korean exchange to offer services outside the country. According to the press release, the Indonesian branch opened for pre-registration on April 16 and will launch officially in June. It will initially support only six currencies; bitcoin (BTC), bitcoin cash (BCH), ether (ETH),...

The post Cryptocurrency Exchange Coinone Goes Global with Indonesia Launch appeared first on BTCMANAGER.

]]>
Coinone have announced that they will be opening up cryptocurrency trading in Indonesia, making them the first South Korean exchange to offer services outside the country.

According to the press release, the Indonesian branch opened for pre-registration on April 16 and will launch officially in June. It will initially support only six currencies; bitcoin (BTC), bitcoin cash (BCH), ether (ETH), ether classic (ETC), litecoin (LTC) and quantum (QAU), with plans to add more later.

Coinone CEO Alan Song stated:

“Coinone Indonesia wants to be the gateway that introduces people to the concept of blockchain and cryptocurrency […] we want to facilitate] access for users in Indonesia to have various types of digital assets or cryptocurrencies quickly and safely.”

More crucially, the move will also open up the exchange to a global clientele, who will be able to use the exchange after passing an ID verification process:

“Foreigners who are not Indonesian nationals can also apply… after the pre-registration period, foreigners need a separate examination process through the passport and non-face-to-face certification process.”

The South Korean exchange is the third-largest crypto exchange in the country after Upbit and Bithumb and will be celebrating the launch with an airdrop for 10,000 pre-registrants.

Why Indonesia?

Home to over 260 million, Indonesia has the largest population in Southeast Asia. The largest exchange in the country at present is INDODAX, which sees a daily trading volume of $19,606,347, around half the average volume of Coinone.

The country is not known for its crypto-friendly regulation, but with such a large population it remains a fertile ground for expansion. The press release reads:

“Indonesia is a nation with high economic growth rate and the world’s fourth-largest population. Indonesia is also highly regarded for its potential growth in the Fintech industry. Coinone will lead the Indonesian market by providing secure and convenient services through Coinone Exchange in Indonesia.”

In January the central Indonesian Bank reasserted its anti-cryptocurrency stance, warning citizens against the selling, buying or trading of cryptocurrency.

The cautionary statement followed news in October 2017 that the Bank of Indonesia would not be accepting bitcoin as a form of payment. The central bank’s stance is thought to have caused the two largest bitcoin payment platforms, TokoBitcoin and BitBayar, to shut down.

Korean news source The Investor speaks of the promise of Indonesia for cryptocurrency and blockchain-backed businesses. Remarking on the country’s rapid economic growth, and burgeoning IT and financial industries.

Despite this, large swathes of the population remain unbanked – and the cash-based community could be ripe for large-scale bitcoin adoption.

The post Cryptocurrency Exchange Coinone Goes Global with Indonesia Launch appeared first on BTCMANAGER.

]]>
https://btcmanager.com/cryptocurrency-exchange-coinone-goes-global-with-indonesia-launch/feed/ 0
Redditors are Battling to Prove their Region Leads Bitcoin Adoption https://btcmanager.com/redditors-are-battling-to-prove-their-region-leads-bitcoin-adoption/ https://btcmanager.com/redditors-are-battling-to-prove-their-region-leads-bitcoin-adoption/#respond Thu, 19 Apr 2018 17:45:56 +0000 https://btcmanager.com/?p=27211 Redditors worldwide have suddenly become engaged in a new battle amongst themselves to highlight merchants accepting bitcoin in their native land. Dozens of users are posting pictures of local outlets accepting bitcoin as a payment method, all to prove that their region is still ahead in terms of adoption of the largest and most popular cryptocurrency. How it All Started...

The post Redditors are Battling to Prove their Region Leads Bitcoin Adoption appeared first on BTCMANAGER.

]]>
Redditors worldwide have suddenly become engaged in a new battle amongst themselves to highlight merchants accepting bitcoin in their native land. Dozens of users are posting pictures of local outlets accepting bitcoin as a payment method, all to prove that their region is still ahead in terms of adoption of the largest and most popular cryptocurrency.

How it All Started

The entire drama first began when a user uploaded an image to the bitcoin subreddit. The post, titled “First signs of bitcoin going mainstream (on the main street in Romania’s capital city Bucharest),” showed a local shop in Bucharest accepting the cryptocurrency as a payment method.

Within no time at all, the image motivated several other Reddit users to make similar posts, presumably to prove that their hometown is not far behind regarding bitcoin adoption. Users from far and wide began to publish photos of merchants in their local vicinity and city accepting bitcoin.

Other Entrants

One or two responses later, it was clear that the entire subreddit was engaged in a patriotic battle. Next, another user posted a picture of a local bitcoin shop itself in Vienna, Austria, clearly showing the windows of the shop embossed with the bitcoin logo. On one of the walls inside, the word Nakamoto was also inscribed in bold. Nakamoto on the walls of the outlet is a clear reference to bitcoin’s anonymous founder pseudo named as Satoshi Nakamoto.

Bitcoin Acceptance in Remote Regions

It is commonly believed that bitcoin adoption is higher in cities with better infrastructure and literacy rates. Unhappy with this conclusion, a user posted an image of a club accepting bitcoin in the forests of Laos. Another image from Bali, Indonesia also highlighted how bitcoin was being adopted in Asian countries with negligible trading volume.

The Stance of Government and Regulators on Bitcoin

Bitcoin as a payment option and alternate currency has been a topic of great contention between governments, regulators and the overall cryptocurrency community at large. Most governments allege that bitcoin’s utility only lies in transactions of illegal nature. The cryptocurrency community, on the other hand, continues to hold its ground, stating that fiat currency is also vulnerable to the same pitfalls, making decentralized alternatives a more viable option.

Even nearly a decade after bitcoin’s release, these are still early days for cryptocurrency adoption. Given that blockchain technology has also shot up in popularity, regulators are treading with caution to prevent a poorly timed regulation from doing more harm than good.

Countries Leading the World in Cryptocurrency Adoption

Canada has been at the forefront of freely allowing local merchants to accept bitcoin and other cryptocurrencies under some regulations, even if local banks are less than enthusiastic about it. A rather large percentage of pictures posted on Reddit was also of local Canadian outlets accepting bitcoin. Interestingly though, even though Japan was one of the first countries to openly embrace digital currencies, it was largely absent on the subreddit, presumably because of Reddit’s demographic skews towards the western world more.

The post Redditors are Battling to Prove their Region Leads Bitcoin Adoption appeared first on BTCMANAGER.

]]>
https://btcmanager.com/redditors-are-battling-to-prove-their-region-leads-bitcoin-adoption/feed/ 0