Digital Asset Bitgesell Provides the Perfect Ecosystem to Become Digital Gold

Emerging digital asset Bitgesell has developed a practical ecosystem, and long-term solution for the digital gold debate. The project overcomes issues plagued by Bitcoin to make it an extremely attractive proposition to holders, miners, and businesses

18th May 2020, Amsterdam, Netherlands – Digital asset and cryptocurrency Bitgesell is a new project geared towards practical application, and offers a more attractive proposition to cryptocurrency miners and holders, than any similar alternatives. The Bitgesell ecosystem has been designed to ensure that it is practical, and suitable as a long-term digital investment option.

Why Bitcoin is Not a True Digital Gold

Bitcoin continues to be the foremost leader in the digital currency market, and has always defined what cryptocurrencies are. However, it is faced by a number of issues that have not been conclusively addressed:

  • Excessive Computational Power: Distributed nodes and miners keep any blockchain secure by ensuring that there is never enough computational power in a single control. Bitcoin has surpassed this level long ago. Today, only a fraction of the computer power is enough to secure the network.
  • Low Commissions in Future: In the future, when all of Bitcoin is mined, miners will rely on transaction fee. A little reward will be sufficient to keep miners in profit. However, the segwit based lightning network can also lead to miners moving away from Bitcoin as the transaction earnings can become so low, it would not be practical to keep working on the network.
  • Slower Scarcity : Bitcoin currently halves its block rewards nearly every four years. This scarcity and the level of new BTC mined means that block reward will reach zero roughly in 2140. For the true rise in value of Bitcoin, holders still have to wait 120 years.

Bitgesell Head Developer, Emma Wu explains one of the benefits that Bitgesell offers over Bitcoin:

“Bitgesell can be perceived as a future of bitcoin, because of its smaller block size, how segwit extension would be developing (lightning network) and due to halving occurring each year, only after 2-3 years we will witness the future of bitcoin, not having to wait for 11 years.”

Bitgesell: The Better Bitcoin

The next stage in the evolution of Bitcoin, Bitgesell is the right step towards a digital gold model. A digital asset that is geared towards holding, it is a precisely calculated ecosystem that is predictable and reasonable.

  • Higher Transaction Cost: Setting a higher limit for transaction cost serves dual purpose of ensuring that only large amounts of coins are transacted, giving incentive for people to hold and increasing the demand while lowering he supply in the market, and ensuring that after all coins have been mined, miners are still in a profitable position, making the network secure.
  • 90% Burn: Coins in circulation are reduced at a fast paced level through burning 90% of transaction fee. This means that Bitgesell will see an increased value of remaining coins as the supply is lowered.
  • Halving Each Year: Where Bitcoin takes on an average 4 years, Bitgesell will half every year, further reducing the coins available and achieving zero emissions in a span of a few years.
  • Fully Segwit Supported: Bitgesell is a network that has fully implemented the segwit protocol. The network is fast enough to withstand any kind of load and transactions will be confirmed at lightning speeds.

The BGL coin powers the Bitgesell as a medium of holding and exchange. Like its Bitcoin counterpart, there will be 21,000,000 BLG ever produced. With a block weight of less than 400,000 bytes, it is 10 times smaller than Bitcoin, making it lighter and faster. Download Bitgesell now on Windows, Linux, or MacOS X

Learn more about Bitgesell – https://bitgesell.ca/

Join the Bitgesell community on Bitcointalk – https://bitcointalk.org/index.php?topic=5238559

Media Contact Details

Contact name: Emma Wu

Contact Emailwuemma@protonmail.com

Bitgesell is the sole source of this information.Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

The post Digital Asset Bitgesell Provides the Perfect Ecosystem to Become Digital Gold appeared first on NullTX.

Source: null tx

How tokenized real world assets can help crypto investors beat volatility

Since their inception, Cryptocurrencies have slowly but surely gained ground in the world of finance. They are revolutionizing the world of finance through their underlying technology, the blockchain, and are becoming somewhat of an established asset class of their own. Borderless payments, near instant, cheap transactions, and full ownership of one’s assets, are just a few of the advantages cryptocurrencies bring to the table.

However, the predominant use case for cryptocurrencies has so far been speculatory with no signs of mass adoption in sight. Today, Bitcoin’s transactions represent a mere drop in the ocean when compared to their spot market trade volume and even more so when looking at crypto derivatives, whose use case is purely speculatory.

While speculation is an obvious byproduct of fundamental price discovery, it should come in healthy doses. Being largely unregulated, cryptocurrencies are still extremely volatile and subject to market manipulation. Moreover, unregulated derivatives trading causes further price swings as large movements in the Bitcoin price lead to a cascade of liquidations in futures markets which in turn further accentuate the movement. Bitcoin has so far failed to live up to the standard of “store of value”.

Tokenization: The key to unlocking mass adoption

So what’s missing? While there are many pieces that need to be put in place to bring the cryptocurrency “puzzle” to completion, a few of them stand out as the most urgent. Regulatory compliance, institutional interest and interoperability with the current financial system.

All three of these challenges are currently being addressed. Many companies like exchanges and data providers are working with regulators to help create a comprehensive regulatory framework for cryptocurrencies. Institutional demand is also clearly on the rise, as shown by the recent launch of 3IQ close-ended fund in the Toronto Exchange and by the recent Grayscale quarterly report which reveals that, if GBTC was an ETF, it would be the 5th largest in terms of capital inflow. 

Compatibility with traditional finance is key when it comes to driving institutional interest and, as regulatory compliance and institutional offerings are ramped up, legacy market investors are becoming able to jump into crypto with ease. However, when it comes to creating a bridge between crypto and traditional markets, tokenization takes the proverbial cake.

Tokenization is currently a hot buzzword in the world of finance and a concept that may hold the key to unlocking cryptocurrency’s true potential, streamlining mass adoption. However, that may be just the start. Tokenization has the potential to bring investment opportunities and capital to those who could not access it before, to revolutionize entire industries and asset classes and to change the way we think of ownership.

By tokenizing existing token classes like real estate, stocks, and others, tokenization can connect to the traditional financial market and create a familiar and regulated setting for institutional investors to participate in. Moreover, tokenization also brings these traditional investment opportunities to a wider and global audience.

A brief intro to Tokenization

Tokenization is the process through which real-world assets or items are digitally replicated on a distributed ledger, such as a public or private blockchains. The most commonly-used tokenization platforms include Ethereum, Tron and EOS.

Tokenization is made possible thanks to blockchain technology which allows a digital item to be transferred without duplication. Since a digital ledger is maintained by multiple entities, even if one tries to retroactively alter an entry, the remaining entities would quickly verify that alteration is not valid.

Tokenizations can be used to represent a multitude of things, including assets like stocks, currencies and bonds, real-life and digital items such as real estate, art and in-game items, and even people! Examples of tokenization already exist within the cryptosphere, from the USDT stablecoin to Cryptokitties’ popular collectibles, the tokenization revolution is already underway.

The advantages of Tokenization

There are many benefits to tokenization. By tokenizing real-world assets, their digital representations can be easily and quickly transferred worldwide, tearing down geographical barriers that were once impossible to breach. Not only are transactions more convenient and far-reaching, they are also cheaper as no middleman is involved in the transfer or settlement of these assets. Transfers can be performed in a trustless manner due to the decentralized nature of blockchain technology.

Not only can tokenized assets be transferred globally and on a peer-to-peer basis, they can also be exchanged in this setting. The platforms that provide tokenization as a service, also allow new functionalities for assets that were never possible before. Such is the case with smart contracts which allow the transfer of assets to be settled without a middleman and zero settlement risk.

The advantages don’t end here, however. Tokenization facilitates value transfer and exchange and creates new decentralized investment vehicles for those already involved in the traditional financial industry or cryptocurrency sphere but most importantly, it also brings new opportunities to people from all walks of life. 

For example, individuals seeking liquidity no longer have to mortgage their entire house to access capital. Instead, they can tokenize the asset and use it part of it as collateral for a loan. Tokenization also allows real-estate investment funds to invest without actually buying entire properties. This brings newly-discovered liquidity to a notoriously illiquid asset class which is also one of the biggest in the world: Real estate. 

Access to capital is revolutionized both for individuals and for companies who can now tokenize their stock and made available to a world-wide audience who can participate with fiat and cryptocurrencies even if they don’t have a bank account, bringing financial inclusion to where it is needed the most.

STAX: democratizing investment and capital

This is the mission behind the STAX platform, democratizing investment and capital opportunities. All while providing the cryptosphere with a use-case that is not just speculatory, moving away from price betting to value discovery of tokens backed by equity in a real-world company that is fully compliant with regulatory standards.

STAX’s hybrid platform presents a single solution for all of the aforementioned problems. It allows companies worldwide to raise capital through a digital Initial Public Offering (IPO). These offerings are globally available and do not require investors to be accredited. They are also easily accessible through fiat or cryptocurrencies. 

After a successful capital raise, blockchain-based Security Tokens are issued, being fully backed 1-1 by shares listed in a regulated stock exchange. These Security Tokens represent an investment contract, providing legal ownership of equity in the company, just like their paper stock counterpart. Additional liquidity for these tokens is made available through secondary trading on the STAX platform, an upcoming feature that will allow investors to quickly switch between exposure to equity, fiat or cryptocurrencies. 

By participating in the stock market, crypto investors will be able to hedge against crypto’s infamous volatility while still holding blockchain-based tokens, thus retaining full ownership of their assets. On the other hand, traditional investors will be exposed to cryptocurrencies, improving visibility and adoption for the industry.

Shares are known as the most liquid asset class out there and they are goliaths when compared to cryptocurrencies. For example, Uber has roughly the same market cap as Bitcoin, and Apple is more than 5 times bigger than the entire cryptocurrency industry. Introducing the liquidity brought by stock market investors into the cryptocurrency world, may be the key to bringing stability to the highly volatilite crypto asset class.

Unlocking crypto’s true potential

While it is unclear if Bitcoin and other cryptocurrencies will see the much awaited mass adoption and institutionalization required to take the industry to the next step, blockchain technology is already revolutionizing the world of traditional finance and STAX is at the forefront of that revolution. 

As more people begin to access capital and investment opportunities, tokenization has the potential to change the world and re-distribute wealth at an unprecedented scale. 

Learn more on stax.exchange 

The post How tokenized real world assets can help crypto investors beat volatility appeared first on NullTX.

Source: null tx

Bitcoin Casino Pioneer LuckyBit Offers up to 15BTC Winnings with New Real-Time Interactive Dice Game

Bitcoin betting site LuckyBit have launched a fresh new version of the age old classic game ‘Dice’, with a potential total win of up to 15BTC available. 

13th May, 2020, Curacao – The crypto betting landscape in 2013 mostly consisted of Satoshidice. LuckyBit revolutionised crypto gambling back then with the introduction of Plinko. The game was a huge hit because it made gambling more fun – everybody loved the excitement of waiting to see where their coins would fall. LuckyBit is now revolutionizing the crypto betting world again, by giving ‘Dice’ a much needed upgrade.

Dice 2020: Games Still Lack Suspense

7 years later, Dice is still very popular. But all the dice games out there still look like a 2013 time-warp. The same old tabular interface, Win/Lose results delivered instantly without any unfolding action. About as much fun as editing an excel spreadsheet.

A Fresh Roll of the Dice

LuckyBit have created a fresh new format of a dice game in which all players’ bets can see their bets unfold in real-time, and cheer each other on. Players familiar with dice will instantly understand that this is fundamentally the same game they are accustomed to, but with a lot more excitement

binaryFate, co-founder of LuckyBit commented:

“We thought of this innovative gameplay for Dice years ago, convinced that the introduction of suspense could be quite literally a game changer. Life and other projects got in the way, but when we saw the total lack of innovation year after year, we felt we had to do something about it. I am thrilled to see LuckyBit now proposing a new experience to Dice players that simply did not exist anywhere. 

Binaryfate continues:

“Our new game retains everything that has made dice so popular through the years, while adding suspense and social concepts. Visualizing the bets of everyone unfolding live is incredibly exciting.”

Players can now win up to 15 BTC at LuckyBit! As an added incentive, to celebrate the Bitcoin Halving, chatbot lotto is going to be offering some huge payouts. In addition, the payout of all trophies have been bumped up for a limited time.

Martin Prinosil, marketing manager at LuckyBit added

“To mark the occasion, we are now rewarding players more than ever in a running series of promotions, such as 100% FIRST DEPOSIT BONUS or Happy Hour giveaways. “

Players looking for something more exciting that the same old dice games can check out Luckybit Dice, and win a huge 15 BTC prize today! 

Win up to 15 BTC on LuckBit Dice –  https://luckyb.it/?pk_campaign=bpbuzz

Follow LuckyBit on Twitter – https://www.twitter.com/luckybitgames

Follow LuckyBit on Facebook – https://www.facebook.com/luckybitgames/

LuckyBit on Instagram – https://www.instagram.com/luckybitgames/

Media Contact Details

Contact name: Martin Prinosil

Email: martin@luckybit-entertainment.com

LuckyBit is the sole source of this information.Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

The post Bitcoin Casino Pioneer LuckyBit Offers up to 15BTC Winnings with New Real-Time Interactive Dice Game appeared first on NullTX.

Source: null tx

Crypto vs COVID-19: Bitcasino.io Raises 20BTC in Donations and Launches Charity Poker Tournament

Bitcasino.io and its community have raised 20BTC in support of COVID-19 relief, and have teamed up with the Pioneer Club and The Giving Block for a charity poker tournament. 

13th May 2020, Tallinn, Estonia – Crypto gaming pioneer Bitcasino.io and its loyal community of players have managed to raise 20BTC in support of COVID-19 relief by donating player Loyalty Rewards. In addition, Bitcasino has also teamed up with the Pioneer Club and The Giving Block for a series of COVID-19 relief “No Limit Hold’em” charity poker tournaments.

The 20BTC donation (€162,000) is the result of Bitcasino’s Crypto vs. COVID-19 charity campaign in cooperation with crypto-friendly fundraiser The Giving Block. The campaign aimed to raise crypto donations through players donating their rewards from Bitcasino’s pioneering Loyalty Club, and a sponsored collaborative COVID-19 virtual relief concert with The Giving Block.

Starting at 5pm UTC May 16th, the exclusive platform partner, Bitcasino, intends to raise even more by hosting tournaments with some of the biggest names in the crypto space such as Litecoin creator Charlie Lee and Bitcoin magazine CEO David Bailey.

The first event is in cooperation with Binance charity, who will match all funds raised 2 to 1. Bitcasino has also promised to double donations of up to 10k.

Tauri Tiitsaar, Director of Casino at Bitcasino.io said: 

Now’s the time to band together with both the crypto community in support of those who are most vulnerable to the threat of COVID-19. After a series of successful charity campaigns and more to come, we hope to show the world how generous our crypto community is and how crypto can be used for positive change.”  

This is the third charity poker tournament to take place and the first with Bitcasino’s involvement, with the last two attracting over 50 headline crypto enthusiasts and influencers.

To learn more about the COVID-19 relief efforts and how to donate as part of the poker tournament, visit Bitcointuesday now.

Join the No Limit Hold’em charity poker tournament – https://www.charitypoker.io

Learn more about Bitcasino – https://bitcasino.io/

Follow Bitcasino on Twitter for the latest updates – https://twitter.com/bitcasinoio

Learn more about Coingaming – http://coingaming.io/

Media Contact Details

Contact name: Lucy Thomas

Emailenquiries@coingaming.io

About Bitcasino

Founded in 2014, as part of the Coingaming Group, Bitcasino has an expansive, quality casino product featuring more than 2,700 games, including slots, table games and live dealer casinos from some of the industry’s leading suppliers. These are hosted on its proprietary platform, developed by leading designers and software engineers to create the ultimate user experience for players.

Bitcasino prides itself on its enjoyable and trustworthy casino and gaming service, with withdrawal times of around 1.5 minutes amongst the fastest in the industry and cutting-edge security measures in place.

Bitcasino is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

The post Crypto vs COVID-19: Bitcasino.io Raises 20BTC in Donations and Launches Charity Poker Tournament appeared first on NullTX.

Source: null tx

Ternio Announces 6.38% Cryptocurrency Rewards Program on BlockCard

Ternio, a U.S.-based blockchain firm has announced the release of a new rewards program on BlockCard. BlockCard users will be entitled to earn unlimited 6.38% back in cryptocurrency on all BlockCard purchases. 

BlockCard is a debit card that enables the cardholder to spend the value of their cryptocurrency with the same ease as traditional credit cards. The card may be used online or in physical store locations – anywhere in the world major credit cards are accepted.  While sharing more details about the card, Ian Kane, COO and Founder of Ternio, stated:

“Ternio’s goal is to accelerate the use of blockchain and cryptocurrency into everyday life. BlockCard enables the cardholder to gain real utility from their cryptocurrency and removes the notion that crypto is only a speculative asset.”

BlockCard currently supports thirteen cryptocurrencies, Bitcoin (BTC), Ethereum (ETH), Stellar Lumens (XLM),  Ternio (TERN) and many more. Ternio noted that consumers who hold any of those cryptocurrencies can deposit them to their BlockCard account after signing up. Additional currencies will be added throughout the year. BlockCard™ users receive a virtual or physical card. 

The newly launched program allows BlockCard to have no “ceiling” on the rewards and the rewards are automatically distributed to BlockCard accounts each month.

“Rewards can then be used instantly on BlockCard at over 53 million merchants worldwide. All point-of-sale purchases are entitled to rewards, with no limitations and no hoops to jump through to use the rewards. Gas, groceries, mobile phone bills, and more all qualify.”

Kane confirmed the new 6.38% rate applies to new and existing BlockCard users, and is the new normal for BlockCard going forward. 

“We want to raise the bar and expectations of cryptocurrency holders,” Kane said. “BlockCard was the first card program to offer Google+Apple pay support and now we want to raise the bar on rewards programs as well.”  

Kane stated that the program will “raise some eyebrows” inside the crypto community and is another step towards driving mass adoption of cryptocurrency. The company plans to reach other markets in the near future:  “In Q3 we will be launching in 31 European countries and the rewards program will be available to those residents as well,” Kane said, also noting planned availability for Asian-Pacific and Latin American regions later in 2020.

Founded in 2017, Ternio also provides a highly scalable blockchain framework called Lexicon to enterprise business clients. According to Ternio, Lexicon is independently verified at over 1 million transactions per second, all on-chain.

Ternio’s highly scalable blockchain framework called Lexicon is one of the highest scaling blockchain’s available today. Lexicon was previously approved as an Amazon Advanced Tech Partner and currently has a patent-pending with the USPTO.  Ternio’s blockchain framework is designed to be used by enterprise companies in high-transaction environments.  This includes digital advertising, fintech, as well as government applications. 

Ternio BlockCard is currently raising funds on Republic

BlockCard in the media:

Cryptodaily

Cointelegraph

Crowdfundinsider

The post Ternio Announces 6.38% Cryptocurrency Rewards Program on BlockCard appeared first on NullTX.

Source: null tx

Crypto Gaming Pioneer Cloudbet Launches New Website with a Host of New Features

 Leading Bitcoin casino and sportsbook Cloudbet has unveiled its impressive new website. The updated site offers a slew of new advancements including faster load times, new language options, live eSports betting, and more. 

28th April 2020, Curacao – Bitcoin sportsbook and casino Cloudbet has launched a new feature-packed website, in its most ambitious makeover since the crypto-gaming pioneer opened for business in 2013. Cloudbet recently invited its players to experience the Beta version of its next-generation service, which offers a vastly improved betting experience and new markets including esports.  

Based on customer feedback, Cloudbet have continued to make improvements and launched the Beta as the new Cloudbet.com earlier this month. The site offers a slew of great improvements, including:

  • Faster load times on mobile devices 
  • A Quick-bet slip that allows players to place bets in two taps 
  • Live-streamed esports betting on 60+ markets including CS:GO, LoL, Dota 2
  • New language options, including Italian, Spanish and German 
  • Betting in Ethereum (more new coins coming soon) 
  • On-site bitcoin purchases 
  • Improved, intuitive navigation and user interface 

A Cloudbet spokesman had these words to say about the new update;

“We’ve set out to build the most impressive betting service the world has ever seen,It provides the foundation for the exciting new products and features that the industry will see in the coming years.” 

Cloudbet will continue to operate its old site at legacy.cloudbet.com until players are comfortable 

with the new service. The current site will eventually be retired, marking a step change in the 

enduring legacy of one of the world’s oldest bitcoin sportsbooks, and casinos.  

On both sites, Cloudbet continues to offer the high limits and low margins for which its 

sportsbook is renowned, and customers can wager on hundreds of casino games from slots to 

poker, baccarat and roulette from top-of-the-line studios. 

About Cloudbet 

Established in 2013, Cloudbet is one of the world’s leading bitcoin sportsbooks and casinos,  

Cloudbet was one of the first operators to recognise the huge potential for bitcoin to alleviate 

customers’ pain points with faster, secure and private transactions. In keeping with its mission to 

create the best betting experience for customers, Cloudbet offers the best odds and unrivalled 

bitcoin betting limits, while new players also receive a generous 100% deposit bonus up to 

5BTC/BCH/ETH. 

Join Cloudbet today and get your 100% deposit bonus todayhttps://www.cloudbet.com

Follow us on Twitter for latest news and promotions https://www.twitter.com/cloudbet

Join the community on Bitcointalkhttps://bitcointalk.org/index.php?topic=333552.0

Check out the official Cloudbet Discordhttps://discord.gg/mpFcHWW

Media Contact

Contact Name: Camilla Wright

Contact Email: camilla@redknotcomms.com

Cloudbet is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

The post Crypto Gaming Pioneer Cloudbet Launches New Website with a Host of New Features appeared first on NullTX.

Source: null tx

Philippines-Based Baccarat Player Wins 15 Million Pesos from a 3,000 Peso Deposit Deposit on Pnxbet

 An online player based in the Philippines has won the equivalent of $300,000 (Php15,000,000) on the Pnxbet casino game LIVE baccarat. 

28th April 2020, Curacao –  A lucky online casino player from the Philippines has won a massive Php15,000,000 playing the game of Baccarat on popular betting website Pnxbet.com. The sum, which is the equivalent to $300,000 was won from just a Php3,000 bet which the player deposited using coins.ph (a local bitcoin wallet app) to play the sites ‘Evolution’ casino game SPEED baccarat.

This ordinary sized bet, (equivalent to $60), was only the users third ever such deposit on the site. He placed the bet on a hand of Evolution Live Baccarat on the popular betting platform Pnxbet.com, and struck the biggest windfall of his life

The users win was so big that it caught the attention of Pnxbet management, who temporarily froze the players accounts due to the suspicious size of the win. The win was quickly approved by the site’s advanced validation system, and the funds were returned to the lucky player in under one hour. 

Recent Growth

Pnxbet is one of the few online betting sites that has thrived in the wake of recent world events. 

The sporting world has had to hit the pause button recently, and that has left a huge void in the online betting industry. Pnxbet saw this as an opportunity and delved into the coverage of eSports and eSport events, such as the NBA 2K20 Players Tournament. Pnxbet has expanded in the fellow South East Asia region, partnering with three gaming streamers in Coach Byb, Guso Gaming, and Xan PH.

Payment Options

PNXBet prides itself on offering honest live odds and convenient deposits and withdrawal options. Supported payment options include bank transfer, credit and debit cards, Skrill, Neteller, Voucher Wallet Code, Bitcoin, Litecoin, Monero, and Ethereum. 

With Players winning huge sums on casino titles like baccarat, the emergence of eSports betting, and an unparalleled list of payment options, Pnxbet has become one of the go-to betting sites for players of all levels. Join today and win big on one of Pnxbet’s Evolution casino titles! 

Media Contact

Contact Name: Missy Nuvolari

Contact Email: affiliates@pnxbet.com

 

Learn more about Pnxbethttp://www.pnxbet.com

Check out the new eSports gameshttps://www.pnxbet.com/esports

Follow Pnxbet on Facebookhttps://www.facebook.com/groups/pnxbet/

Visit the Youtube Channelhttps://www.youtube.com/channel/UCsfDzl19R9v1fs1pkLtkhnw

Join the official Pnxbet Telegram channelhttps://t.me/pnxbetxcom

Follow on Twitterhttps://twitter.com/pnxbet_com/

Pnxbet is the sole source of this information.Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

The post Philippines-Based Baccarat Player Wins 15 Million Pesos from a 3,000 Peso Deposit Deposit on Pnxbet appeared first on NullTX.

Source: null tx

Interview with BitTok CEO J.D. Salbego: Bitcoin Halving is Coming, BitTok will Help Global Users Achieve Wealth Growth

Q1. It is the twelfth year since the birth of Bitcoin, and the global digital asset market has gradually changed from the blue ocean to the red ocean. Bitcoin will be halved in May 2020, and the halving of digital assets is coming. However, the current market is generally weak. Considering all aspects, what do you think of the current market? 

Though we saw a drastic drop in price and with almost bi-polar dynamics for a short while once the pandemic was official, our markets have stabilized and doing better than a lot of traditional markets which is a key indicator of the current investors optimism about the value of BTC and the future of digital currency as a better and safer store of value than our current governments who can just print TRILLIONS of dollars whenever they please. NOT, just a recent response to this horrible pandemic, but have been continuously over time. With the BTC halving coming up, currently more investors are holding in hopes that the halving will see surges in BTC price, volume, and potentially other correlated top assets like ETH, XRP, etc. With these market indicators and perceptions, investors are looking to seize this major event as an opportunity to hedge their investments. On the flip side, and not public yet (I would say, you get the exclusive here first), there is a concerned sentiment within our industry with effects of the coronavirus shutting down supply chain channels, and BTC miners who had originally prepared for this great event by ordering new chips and systems, now faced with the stark reality that they might not be able to meet the computing power demands of the halving. This potentially could jam the system without enough CPU power to mine the transaction volumes needed if this major event surges markets as many anticipate.  

Q2. Exchanges are quite significant in the global digital asset circulation. With the development of digital assets, the competition between exchanges is intensifying. What do you think of the current situation and the development of exchange industry? 

I think we’re in a pivotal moment in digital asset exchange history where industry is closer to mass adoption and institutionalization than ever before. As our industry, technology, and crypto financial products mature, it brings new breeds of legitimate exchanges like ours (BitTok Exchange), who bring more transparency, regulated compliance, proprietary technology – and furthermore bringing real value to investors and projects looking for great trading and crypto driven products. As well, we provide a valuable relationship with an exchange that is here for the long-term, not just a quick buck and then disappear into oblivion.  

Q3. At present, digital assets have gradually realized global expansion is necessary, and at the same time the competitor landscape is fierce. With such market conditions, what is BitTok’s positioning, goals, and current strategy within this situation?

Our goal is to be a leading and fully regulated global digital asset exchange, delivering both innovative valuable products and services for both users/investors and projects. Secondly, we’re reinventing the exchange & project relationship with unique technology and partnership business model structures. Thirdly we’ve strategically structured our company to be vertically integrated with cross functional divisions (including a VC fund division), to maximize and diversify revenue streams, and to enable maximum optimization, growth & execution of delivering products and services. We’ve had huge success with our trading volumes, user growth and recent crowdfunding partnerships. Currently, BitTok has more than one million registered users, more than 100,000 daily users, and more than 5,000 community members. Also to align with our goals of always bringing value to our users and a growing suite of new products and digital assets, in the future we’re considering listing financial derivatives such as futures, options, contracts, and swaps.

At present, we’ve already established local markets in China, Singapore, Vietnam, and Indonesia and have established a deep connection and long-term cooperation with local community managers and institutional, retail, and large private crypto investors networks. We’re set to expand markets in Q4 2020 into the Middle East with headquarters, banking, and localization, and in Q1/Q2 2021 to South Korea and Japan markets.

And what makes a company great other than its products? Ist the team and people that drive our company that make us successful. We have an exceptional team all with international leadership backgrounds including Kevin Pang, Desmond Ng, Charles Wu, etc. They all have exceptional track records, rich experience in the international technology, blockchain, and Fintech industries, and have achieved a notable amount of commercial successes. 

Just recently and highly noteworthy, we’ve been granted exemption to legally and compliantly operate by Singapore Monetary Authority (MAS), while under license review, along with other major companies like Binance, Huobi, OKCoin, Google Payments, PayPal, etc. We’re one of the only new exchanges globally allowed this honorable recognition and support by a government authority like MAS. What this shows is the great work we’ve been doing in the market while only being less than a year old. This is a major step and foresight into the future success of BitTok and our community as a whole.

Q.4 Digital asset exchanges have two core points in terms of products, one is financial attributes and the other is technological advantages. What is the strategy of BitTok in these two aspects?

With the financial attributes of our products, one aspect is our strategic position to innovate the digital asset crowdfunding system, while delivering real value to both projects and users on our exchange. As part of our two-fold value system, projects receive exclusive access to our high value investor network, distribution channels, and proprietary technology – on the other side, users/investors gain exclusive access to unique financial product opportunities (valuable assets, ownership and ROI structures, high appreciation growth) from projects they couldn’t receive otherwise. For existing assets on our trading platform like BTC, ETH, XRP, USDT, EOS, DASH, etc. we provide deep liquidity pools, a robust order matching system, and many of top tier advantages

In regard to technological advantages, we have unique and highly valuable proprietary tech features in our crowdfunding platform that no other exchange has in the market currently. Our trading engine is high frequency trading (HFT) tested to allow supreme transaction speeds. As well, our architecture design is precise with code auditing, penetration testing, security hardening, multi-layer / multi-cluster security, and advanced cold wallet storage. Technically, BitTok’s core system adopts a bank-level distributed disaster recovery deployment method to ensure that the system always runs stably in the event of any equipment failure or even natural disasters. 

Q.5 The important function of digital asset exchanges is to help high-quality digital assets achieve circulation and reflect their value. What is BitTok’s approach to project selection?

Our exchange is founded upon strong principles. We actually have 5 pillars of principles we live by: 1) we seek partners not customers, 2) community validated & driven, 3) project screening & due diligence, 4) regulatory compliance, and 5) active, effective, and continuous project monitoring. We list only those projects that we believe as we prioritize long-term relationships, we thrive upon growing liquidity, market shares, and the investor community. As is our 1st principle pillar, we are absolutely dedicated to working together, growing together, and thus, sharing success together with our partners. With that being said, we have 10 elements of value in our criteria system. It’s too much to list here, but some of the key elements we look for are; unique technology and product solving a problem, credibility, experience, and reputation of founding team, existing or future token economy and active investor community support, a real use case for blockchain, etc.

Q.6 Superb platform management is the basis for long-term development and success of any exchange. As security and regulatory compliance is the top priority of BitTok and the user’s experience on your exchange is exceptional, how does BitTok go about to achieve its advanced technological design of its platform while under proper legal and compliant frameworks? 

We focus first on robust high-level security architecture as managing and protecting our user’s assets is our number one priority. With that, BitTok guarantees the asset security of the platform through 100% cold storage.  As well, our internal control system involves a 2FA system, early warning system, dual database cross-validation, real-time security detection, and private key management. 

In terms of legal compliance, BitTok conducts compliance operations within the limits prescribed by the legal and regulatory authorities.  As I mentioned in another answer, on March 27 the Monetary Authority of Singapore (MAS) officially announced the list of companies that have received payment service exemptions under the Payment Service Act (PSA). BitTok is among them and has become a digital asset exchange that has obtained exemption from regulatory authorities.

Secondly, we focus on creating a superior user experience designed to be interactive, while delivering simplicity and flexibility within our social trading environment. We continually refine, upgrade, and enhance our technology and features. With our focus of scaling and always delivering a high-quality product and trading platform to our users, we will develop new features to meet the needs of our growing user base as we expand. From customer service, all the way up to myself the CEO and rest of our senior management, we truly listen to our users and actively monitor their needs and suggestions. 

The post Interview with BitTok CEO J.D. Salbego: Bitcoin Halving is Coming, BitTok will Help Global Users Achieve Wealth Growth appeared first on NullTX.

Source: null tx

BTCS Improves Cash Position with $500,000 Funding Management Implements Cost-Cutting Initiatives

Silver Spring, MD – (Globe Newswire – April 21, 2020) – BTCS Inc. (OTCQB: BTCS) (“BTCS” or the “Company”), a digital asset and blockchain technology focused company, today announced it strengthened its cash position in response to and to capitalize on economic dislocations as a result of COVID-19. 

BTCS has strengthened its cash position by raising $500,000 in a convertible note financing and applying for a $42,000 loan through the CARES Act Paycheck Protection Program, which is forgivable subject to certain restrictions. The Company has also implemented cost reduction measures, including lowering its annual independent director fee from $75,000 to $18,750 for 2020 and to $15,000 for 2021 and thereafter. Additionally, BTCS management agreed to defer 35% of their salaries for the second quarter of 2020. 

“The coronavirus pandemic has sent shockwaves through the global economy,” commented Charles Allen, CEO of BTCS. “While digital assets tumbled with the initial sell-off in equities in March, we believe this is an anomaly that could create opportunity for us to accumulate digital assets at attractive prices. With a strengthened cash position and lowered burn, we are in an ideal position to increase exposure to digital assets at depressed values.” 

A core part of BTCS’ business plan is to establish positions in key digital assets. The Company believes Bitcoin, Ethereum, and certain other digital assets are a great store of value and can be an effective hedge against monetary debasement in the wake of multi-trillion-dollar economic bailouts. “In times of crisis, market participants often react emotionally, broadly disposing of assets. We believe this is what happened in recent weeks in the digital asset space,” continued Allen. “Moving forward, buoyed by strong fundamentals, including their fixed and limited supply, we strongly believe Bitcoin and Ethereum will benefit from a flight to higher quality amongst digital assets. Conversely, we believe smaller cryptocurrency projects and their associated digital assets will likely be negatively impacted by the economic downturn, specifically if those projects need additional funding.” 

With no active mining operations, BTCS believes it’s in a stronger position to capitalize on the ongoing market dislocation compared to some of its public company peers. 

Lastly, recent “shelter in place” orders have delayed development of the Company’s data analytics platform from its original timeline. As development progresses, the Company plans to provide additional updates. 

About BTCS: 

BTCS is one of the first U.S. publicly traded companies focused on digital assets and blockchain technologies. BTCS plans to acquire additional digital assets to provide investors with indirect ownership of digital assets that are not securities, such as Bitcoin and Ether. We intend to acquire digital assets through open market purchases. We are not limiting our assets to a single type of digital asset and may purchase a variety of digital assets that appear to benefit our shareholders, subject to the limitations of the Investment Company Act of 1940. We are also internally developing a digital asset data analytics platform. The Company is also seeking to acquire controlling interests in businesses in the blockchain industry. For more information visit: www.btcs.com 

Forward-Looking Statements: 

Certain statements in this press release, constitute “forward-looking statements” within the meaning of the federal securities laws including statements regarding our belief regarding our ability to execute our business plan, our intention to acquire digital assets, our view on prices of digital assets, Ethereum and Bitcoin benefiting from investors seeking higher quality digital assets, acquiring controlling interests in businesses in the blockchain industry, expectations on timing of opening up and commercializing our digital asset data analytics platform, and applying and receiving benefits under the Paycheck Protection Program. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on 

information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation failure to abide by the requirements of the Paycheck Protection Program, large liquidation of digital assets by investors who see cash as a less volatile asset during economic an downturn, as well as those risks set forth in the Company’s filings with the Securities and Exchange Commission. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law. 

Investor Relations:

Michal Handerhan

BTCS Inc. (202)

430-6576

IR@btcs.com

The post BTCS Improves Cash Position with $500,000 Funding Management Implements Cost-Cutting Initiatives appeared first on NullTX.

Source: null tx

EzyStayz Joins Forces with DexOne to Launch New Tokens on Korean Exchange Foblgate

The only Australian owned global holiday rental website “EzyStayz” has released their own cryptocurrency “EZY” which will be launching on the Korean exchange Foblgate on the 20th April at an introductory price of 0.005 USD.

April 20th, 2020, Sydney, Australia – EzyStayz has 1 million listings in 205 countries around the globe, which include a whopping 80,000+ destinations worldwide and 1982+ hotel chains & boutique resorts. EzyStayz has enhanced its travel experience by introducing gaming elements to its product, offering a different marketing approach to customers, allowing them to play and win their accommodation booking for free.

Listing on Foblgate

The decision to launch on Foblgate was based on several factors. Foblgate is one of the largest exchanges in South Korea, a country that is responsible for approximately 35% of all global crypto trading. The site is easy for traders to use and provides a simple way to deposit Korean WON in exchange for one of the 19 different cryptocurrencies that are currently supported on the site. Not only that, but Foblgate has built a reputation as one of the leading exchanges in terms of safety and security for its users, making it the perfect platform for EzyStayz to launch their token on. Foblgate is soon to announce a partnership with Binance, so it is a great fit for EzyStayz first exchange to list on.

This launch is being supported by DexOne, a crypto marketing team that prominent in the Korean trading world, and has built a successful portfolio managing clients within this space. Their local knowledge of the trading habits and trends of the Korean crypto market has helped to shape this launch, increasing the chances of success with this token.

EzyStayz token currently has a market capitalisation of USD 28,000,000 – It is estimated that by 2022 the crypto-economy will be equal to 10% of world GDP2, & with Bitcoin rebounding from its March USD 4500 low to currently USD 7500 there is no better time to launch on an exchange.

Industry Support

There have been some exciting supporters in the project and recent discussions with TRON’s Founder & CEO Justin Sun who sees the investment potential and a very positive future for the company. He was interviewed on Coin Telegraph quoting that he is a long-term believer in cryptocurrencies and owns a stake in many altcoins. He also predicted that Bitcoin will cross $100,000 mark in 2025, emphasizing that other cryptocurrencies will follow the trend.

EzyStayz token purchasers will not only be able to trade EZY on exchanges but they will also benefit from a 25% discount on all booking fees when they pay for their vacation rental or hotel booking with the EZY token.

EzyStayz makes it easy to pay and travel using blockchain technology. James Moses, Founder & CEO of EzyStayz said the following: 

“We look forward to continuing to implement innovative technology that supports both the sharing economy and expanded tourism. The EzyStayz website is the first building block of a larger exchange that will eventually target businesses and consumers with more strategic B2B tools to tap into the potential of the hospitality sector.”

Please visit the website at https://io.ezystayz.com to download the Whitepaper, Pitch Deck and other related documents.

Telegram: https://t.me/ezystayzcom

Follow on Twitter: https://twitter.com/ezystayz2014

Subscribe on Facebook: https://web.facebook.com/ezystayzofficial/

Join our community: https://www.instagram.com/ezystayz/

Watch on YouTube: https://www.youtube.com/channel/UCDvQOHa-9pwh_PEEsgjsFWQ

Join on Medium: https://medium.com/@ezystayz


Media Contact Details

Contact Name: Sofia Sorberg

Contact Address: EzyStayz, 1/58 Pitt St, Sydney NSW Australia 2000

Contact Email: press@ezystayz.com

EzyStayz is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

The post EzyStayz Joins Forces with DexOne to Launch New Tokens on Korean Exchange Foblgate appeared first on NullTX.

Source: null tx