Coinspeaker XRP Price Analysis: XRP/USD May Continue Its Bearish Trend After the PullbackKey Highlights:The Bears Bears eventually prevailed in the XRP market;XRP price reached $0.35 level before pulled back;the price may continue its bearish trend after a pullback.XRP/USD Price Medium-term Trend: BearishSupply levels: $0.39, $0.42, $0.46 Demand levels: $0.35, $0.32, $0.29XRP/USD is bearish in the medium-term outlook. The crypto was consolidating at $0.39 level last week. The Bulls could not defend the $0.39 level. The Bears increased their pressure and the broke down the $0.39 level. The Bears prevailed and the coin moved down to the predicted level ($0.35). The price touched the level and reversed, moving towards the broken level ($0.39), which may be a pullback. As at the moment, the XRP price is touching the dynamic resistance and support.The coin is currently trading below the 21 periods EMA and 50 periods EMA. The former is making an attempt to cross the later to indicate a bearish trend. The Relative Strength Index period 14 is above 40 levels with the signal line pointing down to indicate sell signal. The XRP price may decline further to $0.32 demand level should the Bears exert more pressure on the crypto. In case the demand level of $0.35 holds the price, the Bulls may push the coin to reach the previous high at $0.42 level.XRP/USD Price Short-term Trend: BearishOn the short-term outlook, XRP/USD is bearish. After several hours of consolidation scenario in the XRP market, the Bears eventually prevailed. The bearish pressure penetrated the $0.39 level downside and the price decreased to reach the demand level of $0.35. The Bulls opposed further decrease in price by the formation of inside the bar candle pattern and the price started increasing towards $0.39 level which may be a pullback.The coin is in – between the 21 periods EMA and 50 periods EMAs. The Relative Strength Index period 14 is above 40 levels with the signal line pointing down to indicate a further reduction in price.XRP Price Analysis: XRP/USD May Continue Its Bearish Trend After the Pullback
Coinspeaker Facebook’s ‘GlobalCoin’ Set Up to Roll in Q1 of 2020It seems that the social media giant is finally finishing plans to launch its own crypto-currency. From Facebook, they announced that they are planning to set up a digital payments system, that will be available in 12 countries, by the first quarter of 2020.The company said they want to start testing its crypto-currency, internally known by the name of GlobalCoin, by the end of this year. The plans should be detailed this summer and the company is allegedly in talks with Bank of England governor Mark Carney.Facebook’s Founder Mark Zuckerberg already met with Carney last month to discuss the opportunities and risks involved in launching a crypto-currency. It is presumed that Zuckerberg sought advice on operational and regulatory issues from officials at the US Treasury.Just for reminder, the US Senate and Banking Committee wrote an open letter to Facebook CEO asking the details of their digital currency projects. Their concerns surround the fact that, if Facebook releases a digital currency, people around the world will transact in it.The Committee also expressed concerns regarding the privacy issue on Facebook. The firm must also take appropriate security measures to safeguard the funds from cyber-attacks.Researcher at the London School of Economics, Garrick Hileman, claims that GlobalCoin would be one of the significant events in the history of cryptocurrencies. According to his estimates, 30 million people use cryptocurrencies compared to Facebook’s 2.4 billion users.GlobalCoin will probably be established as a stablecoin, pegged to the dollar or local currencies in the countries that will be allowed to use it. It is also likely to run on a private, centralized blockchain, owned and controlled by the company. Based on this fact, it can not be perceived as a direct competition to Bitcoin or other peer to peer decentralized digital currencies.However, it Bitcoin-inspired cryptocurrency and reportedly has plans to launch some potential shockwaves throughout the burgeoning bitcoin and cryptocurrency sector.The company is also in talks with money transfer firms including Western Union as it looks for cheaper and faster ways for people without a bank account to send and receive money. Also they are negotiating with Visa, and Mastercard, to back and fund its planned fiat-based cryptocurrency.Trust MattersIf we consider overall debacle Facebook went through recently with security breaches and wide-scale data abuse, the question that everyone is asking is: Can Facebook be trusted with other people’s money?Two weeks ago we have witnessed the company’s co-founder Chris Hughes slamming both the Facebook and its CEO, saying that Zuckerberg’s ownership of the majority of Facebook’s shares means that there’s no internal check on his power, and there’s no government agency dedicated to overseeing a company like Facebook.For a long time, Facebook has been expected to make a move in financial services especially after they hired former PayPal’s president David Marcus to run their messenger app in 2014. In May Markus became the head of company’s blockchain division and they also registered a crypto company called Libra Networks in Geneva, Switzerland.Spencer Bogart, a partner at venture capital firm Blockchain Capital, said:“Once [Facebook users] own [Facebook’s GlobalCoin], it will be like being on the internet so people can spin-out and start owning Bitcoin or Ethereum. Bitcoin has gone from zero users ten years ago to somewhere between 30 million to 100 million–the estimates are tough. And Facebook has billions of users.”According to two people familiar with the matter, Facebook has already held talks with at least two cryptocurrency exchanges, Coinbase and Gemini, through which users could store their coins safely or could convert the Facebook coin into other cryptocurrencies or fiat currencies such as the dollar. Both exchanges declined to comment.The world’s biggest social media company may soon have its own virtual currency, but following accusations of privacy violations, security breaches, censorship, and fake news dissemination, it remains to be seen how many people will actually use and trust it.Facebook’s ‘GlobalCoin’ Set Up to Roll in Q1 of 2020
BitStarz is the true home of big wins, but we’re sure you know that already. Records are being smashed every month, with the latest big winner blowing away all previous record payouts that have ever come before at the world’s leading Bitcoin casino. Scooping an epic $2,459,124 from a single spin on Azrabah Wishes, BitStarz is breaking new ground with the biggest wins around!
From Wishes to Riches
In the past week, Azrabah Wishes has been dishing out huge stacks of cash, with one winner making headlines for all the right reasons. Hot on the heels of collecting a mouthwatering €752,450 from a single spin, the same player then went many times better, this time making the most of the 15,000x max payout to land over $2.4 million. This jaw-dropping win shows that with Azrabah Wishes, your dreams really do come true!
Massive Wins from a Massive Game
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The BitStarz Millionaire Club
The BitStarz Millionaire club is one of the most exclusive clubs around, but the number of members is growing fast. The first BitStarz millionaire was crowned earlier this year, winning a cool $1.35 million (354.24 BTC) from a single spin on Slotomon Go. This colossal $2,459,124 payout blows that win out of the water, but we’re sure that it won’t be long before we see another BitStarz millionaire…and it could be you.
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This history-making $2.4 million payout has got the world talking, but records are there to be broken, so start spinning and you could be BitStarz next seven-figure winner!
Another Month, Another Huge Win
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The post BitStarz Player Smashes Record – Wins $2.4 Million on Azarbah Wishes! appeared first on Live Bitcoin News.
Coinspeaker U.S. Telecom Giant AT&T Joins Hands With BitPay to Accept Cryptocurrency PaymentsCryptocurrencies continue to penetrate global markets with its increasing adoption across different industries. The U.S. telecom giant AT&T has recently announced to accept bill payments in cryptocurrencies. In the official press release on Thursday, May 23, AT&T announced its partnership with crypto payments platform BitPay.BitPay is a popular crypto processing platform converting crypto tokens to fiat and used by over 20,000 businesses. However, is probably the first U.S. telecom company to accept crypto payments through BitPay. Kevin McDorman, vice president, AT&T Communications Finance Business Operations, expressed optimism on offering crypto payments services. McDorman said:“We’re always looking for ways to improve and expand our services. We have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer.”AT&T Blockchain ProjectsAT&T has always been open to bringing new developments in its sector using blockchain and crypto solutions. Last year in September 2018, AT&T unveiled several blockchain solutions by partnering with IBM and Microsoft Azure. The company said:“We’re combing our edge-to-edge capabilities with blockchain technology. Our Internet of Things (IoT) solutions add automation and critical monitoring capabilities. AT&T’s consulting team can design, deploy and manage blockchain solutions.”Besides, the telecom giant also plans to leverage blockchain solutions to bring higher transparency in supply chain operations. In December 2018, AT&T filed a patent with the USPTO for a blockchain-based social media mapping system. The patent describes that the system will allow AT&T to gather the social media transaction data of its subscribers. The patent notes:“The social media history map platforms described herein may take advantage of the immutable and permanent nature of blockchain records to store, and provide access to, data representing online transactions that occur on multiple social media applications.”However, it notes that the content creator shall be getting the ultimate ownership of their data. The patent document reads:“Instead of passing ownership of blocks or data between users, a social media account owner maintains primary ownership of his or her online transaction data. What passes from the social media account owner to other users of the social media history map service, such as followers of the social media account owner, is a notion of elevated visibility rights.”Increasing Cryptocurrency AdoptionA number of global companies are warming up to the idea of crypto payments. The major reason behind crypto adoption is instant transactions across the globe with utmost transparency. Banking giants like JPMorgan and tech giants like Facebook are planning to bring their own crypto payment solutions this year in the market.Besides big organizations, crypto start-ups are working to bring solution and push crypto spendings in daily life. Recently, crypto exchange Gemini partnered with crypto startup Flexa to facilitate digital currency spending at popular retail outlets. The new partnership allows Flexa to spend five popular cryptocurrencies at locations like WholeFoods, Bakin Robbins, Nordstrom, and over 30,000 retail outlets.U.S. Telecom Giant AT&T Joins Hands With BitPay to Accept Cryptocurrency Payments
Cryptocurrency seems to be a big deal for most presidential candidates this year. Between Andrew Yang and now democratic candidate of California Eric Swalwell, bitcoin and blockchain are leading issues, but Swalwell is keeping things simple for the time being by merely accepting cryptocurrency donations to his campaign.
Pay Up with Crypto
Swalwell is now the second democratic candidate after Yang to accept cryptocurrency donations, though that’s virtually where his ties to digital assets end right now. Yang, on the other hand, unveiled a new cryptocurrency platform earlier this year, and has since earned the nickname “the bitcoin candidate.”
On his website, Swalwell provides the following statement regarding blockchain’s benefits and alleged risks:
Blockchain can change the world if we let it. Is there a risk? Sure, that’s why we must test, retest and constantly monitor such systems for interference or abuses by using expert oversight. We can do that. Risk should not scare us. It’s a hurdle we can surmount. Government has to keep up with the times and the times have changed.
Swalwell, to his credit, has reportedly worked on “cryptocurrency issues” in Congress. He has also sent letters to the Internal Revenue Service (IRS) asking for clarification regarding cryptocurrency tax laws.
The trouble is that, unlike Yang, Swalwell hasn’t really delved into what he plans to do regarding cryptocurrencies and blockchain should he win the presidency, which according to the latest polls, he has no chance of doing. Swalwell, along with Yang, consistently ranks at either zero or one percent, and he’s trailing behind big time when it comes to other major candidates such as former vice-president Joe Biden and Vermont Senator Bernie Sanders.
Yang, at the very least, has talked about potential cryptocurrency businesses, though his popularity has yet to reach mainstream status. Right now, Yang is popular amongst tech groups and individuals involved in the tech space, and his chance of garnering the nomination is very slim. Yang has released his own statement regarding his plans for crypto, stating:
If I’m in the White House, oh boy. Are we going to have some fun in terms of the cryptocurrency community! Cryptocurrencies and digital assets have actively grown to represent a large amount of value and economic activity. This quick growth, however, has outstripped the government’s response. It’s time for the federal government to create clear guidelines as to how cryptocurrencies and digital asset markets will be treated and regulated so that investments can proceed with all relevant information.
Regulation Is More Important Than Ever
Yang, at the very least, has a point. Regulation is crucial at this stage, considering that institutional investors are now getting more involved in crypto than ever. In addition, cryptocurrency theft and malicious activity throughout the space is still a major problem, and stronger regulation could work to bring this down further.
The post Eric Swalwell: Another Crypto Presidential Hopeful appeared first on Live Bitcoin News.
An app designed for stealing crypto was available on Google Play and reportedly downloaded more than 1,000 times.
Crypto and Google Don’t Always Match
It’s scary to think that so many people have or had access to a tool designed to steal or take cryptocurrency that wasn’t theirs. At the same time, however, it’s not a big shock. The cryptocurrency market is still being tainted by malicious actors who seek to get their fingers around funds that don’t belong to them.
One of the more recent cases involves SIM-swapping. The process involves a hacker gaining access to a person’s cell phone after they figure out the victim’s social security number. They can then call the cell phone company and by providing this data, the employees are convinced that they’re speaking to the actual account holder. From there, private information – such as passwords and login information – are handed over to the hacker.
If this doesn’t work, some hackers may attempt to bribe the employees for the information, and sadly enough, this can work, such as in the recent case of Michael Terpin, who alleges that cryptocurrency was stolen from his account through a SIM-swap attack after a hacker bribed an AT&T employee with $100 for information regarding his login details.
In this situation, the app under scrutiny was found to be impersonating Trezor, a cryptocurrency hardware wallet. What’s positive is that the app couldn’t be used to take Trezor-stored cryptocurrencies, though it was connected to a second app on Android phones that could have been used to steal funds from other cryptocurrency holders.
Lukas Stefanko is a security researcher at ESET. His specialty involves finding fake or phony Android apps and commented that the item appeared “trustworthy at first glance.” However, it was using a “fake developer name” to potentially impersonate Trezor, which is what likely fooled many people into purchasing it.
The app claims it lets its users create wallets for various cryptocurrencies. However, it’s actual purpose is to trick users into transferring cryptocurrency into the attackers’ wallets – a classic case of what we’ve named wallet address scams in our previous research into cryptocurrency-targeting malware.
Tricking Users for Funds and Data
Persons who purchased the app would be tricked into turning hapless victims’ login credentials over to the attackers. The app was uploaded to Google Play on May 1, and swiftly ranked as the “second-most popular search result” when users examined or searched for Trezor online. In addition, users on the social media platform Reddit also commented about the app, having discovered it only weeks ago.
This isn’t the first time that Google has fallen victim to fraudulent crypto activity. Last year, it was discovered that Google was playing host to crypto-jacking apps and related software, which ultimately mined Monero and other cryptocurrencies from unsuspecting users’ computers.
The post Google Play App Could Allegedly Steal Crypto appeared first on Live Bitcoin News.
Several regulators in the crypto space fear that digital currencies will be used to launder money. After cases like these, we can understand why.
Money Laundering Is a Serious Crime
Bestmixer.io in Europe has been seized by officials, who claim that the company was “washing” over $200 million in cryptocurrency funds and putting them into new, more legitimate accounts. This is the very definition of money laundering, and it doesn’t place crypto or corresponding businesses in a great light.
The money was seized by Europol, Luxembourg authorities and the Dutch Fiscal Information and Investigation Service (FIOD), all of whom agree that the funds were “tainted.” A raid was performed on the company on Wednesday, which resulted in its near-immediate shutdown and seizure.
Bestmixer.io was launched in May of last year and has been around for approximately 12 months. Police began an investigation into the company just a month after it opened its doors for business. During this time, the company – which was marketed as the “world’s leading cryptocurrency mixing service” – was discovered to be laundering most of its investors’ money, which ultimately came from illicit or illegal activities.
Among the services offered by Bestmixer.io was mixing assorted bitcoin (BTC) funds with those of Litecoin (LTC) and bitcoin cash (BCH). By taking “tainted” funds and mixing them with clean or honest funds, one can find that the illegality behind such coins can, for the most part, disappear or go unnoticed by federal authorities, which is what the company was potentially trying to do. The process, known as “washing,” involves getting rid of or hiding all criminal ties to a specific currency.
John Fokker – head of cybersecurity investigations at McAfee – led a team that assisted in the investigation. He claims that the cryptocurrency amounts were “sliced up” into several smaller transactions, which allowed them to stay easily hidden amongst the cleaner funds.
Mixing bitcoin that are obtained legally is not a crime, but other than the mathematical exercise, there’s no real benefit to it. The legality changes when a mixing service advertises itself as a successful method to avoid anti-money laundering policies via anonymity. This is actively offering a money laundering service.
Is All the Evidence There?
Europol also released a statement of its own, explaining:
The investigation so far into this case has shown that many of the mixed cryptocurrencies on Bestmixer.io had a criminal origin or destination. In these cases, the mixer was probably used to conceal and launder criminal flows of money.
Several servers were seized in the Netherlands, which offer IP addresses, bitcoin wallet addresses, transaction details and chat message logs for authorities to analyze. The FIOD and Europol have expressed an interest in sharing their findings with other countries to better understand the breadth of the crimes.
The post Bestmixer Shut Down On Money Laundering Charges appeared first on Live Bitcoin News.
Coinspeaker The Abyss Platform Offering UE4 Licensing Program to Partner DevelopersA new digital distribution platform for massively multiplayer online (MMO) video games, The Abyss, announced that they are now offering its partner developers licensing, maintenance and support for Unreal Engine 4 (UE4).UE4 is a high-class toolset that brings real-time and high-fidelity experiences to games and applications across PC, console, mobile, VR and AR. We are talking about complete suite of development tools made for anyone working with real-time technology.From enterprise applications and cinematic experiences to high-quality games across PC, console, mobile, VR and AR, Unreal Engine 4 gives its users everything they need to start, ship and grow.Released by Epic Games in March 2014, UE4 today is one of the most widely used engines for commercial game development. Developers on The Abyss platform will enjoy favorable terms for use of UE4 technology, including access to the Unreal Developer Network (UDN), free maintenance and technical support.The Abyss also promised to provide marketing support for new UE4-based games, helping devs to attract early adopters, while already released games will be offered extra traffic.Mike Gamble, Head of Games Licensing EMEA, Epic Games said:“We’re delighted that The Abyss has chosen to provide additional resources to Unreal Engine developers and publishers on its platform. UE4 scales to hundreds of millions of players, and access to premier support and connections with the global community can be critical to success of large-scale games with live operations.”Konstantin Boyko-Romanovsky, Founder of The Abyss added:“We are launching this powerful program to deliver a number of services and tools that will help and inspire UE4 developers to produce even more high-quality games. We strongly believe our model is the future of gaming and digital distribution and we’re delighted to welcome new Unreal Engine benefits to our platform.”The Abyss platform focusing on MMO/MMORPG games was officially launched in March 2019, soon followed by Desktop App for Windows OS release.ABYSS Tokens and How To Get ItThe project’s key feature is a multilevel referral program that provides an additional revenue stream and allows developers to earn from each transaction made by their referrals, even if they pay in other games.Through their 5-level referral program users can get free ABYSS tokens, platform-specific digital currency easily exchangeable with money. They can also use ABYSS to buy new games and make in-game purchases.Users can start their own referral network by sharing the unique referral link with their friends. Each new gamer emerging on The Abyss using your link becomes your 1-level referral. Your network may increase from 1 to 5 levels if more gamers are brought in.From the company, they said that the referral program can serve as an additional source of income during an extended time period and users can get a 1-4% share in ABYSS tokens from each referral transaction.Users can also obtain ABYSS tokens with their credit card using one of the supported services, like Changelly, Change Now and/or ChangeHero. They can also buy ABYSS from any of the exchanges they’re currently listed on. Find the list of the available exchanges here.At the time of writing current market capitalization of Abyss token was $2,362,628 and it was surging quickly – 16,29% to $0.010395.The Abyss Platform Offering UE4 Licensing Program to Partner Developers
When it comes to cryptocurrencies and mining, scams come in all shapes and forms. Netherlands authorities recently arrested a suspect who was in charge of a bitcoin mining investment scam.
According to the Dutch newsletter, the mining investment scam began way back in 2017. Since the operation was ongoing during the height of the bull market, the suspect Berry van Mourik managed to make over $2.2 million.
Van Mourik did very well to mask his mining investment scams. During the height of the bull run, the entire world was going crazy about crypto mining. Last year however, things quickly took a turn for the worse and mining simply wasn’t profitable in most cases.
The suspect was a very well respective senior executive of two companies. The companies sold bitcoin mining rigs and van Mourik offered his clients to take care of all mining operations. All investors were promised 0.3 bitcoin per month, which is roughly $2300 with today’s prices.
As it later turned out, investors never really got anything back. The mining rigs they purchased did not even exist in the first place. Van Mourik spent everything he got on his luxurious lifestyle. A lot of the money was spent on gambling, traveling and luxury vehicles.
The suspect’s home and office space got raided by Dutch authorities and a lot of his possessions were seized. Van Mourik’s mining investment scams are estimated to have over 100 victims. Unfortunately, the Dutch authorities did not take preventative measures after van Mourik’s mining company was declared bankrupt.
It’s hilarious that before the company went bankrupt, it was facing the same accusations as van Mourik today. The firm openly lured both Dutch and Belgian investors to buy bitcoin mining rigs.
Dutch bitcoin mining farm Koinz Trading declared bankrupt https://t.co/PSJhQINYtd
— Ikki (@ShadeStar81) February 16, 2018
The investors of course, never really got any of the rigs or the promised bitcoins. Telegraaf states that van Mourik demanded more than €3000 from each investor. When confronted by the investors, he showered them with a rain of excuses most often blaming his Chinese suppliers.
Hopefully, the Dutch authorities learn their lesson and put van Mourik behind bars before more people make use of his “mining services”.
A mining investment scam can be a lot scarier
As bold and as insolent van Mourik is, his little scheme is dwarfed by another mining scam perpetrated by the blockchain company Lianxin Tech in China. This mining scam saw people lose more than $300 million and was uncovered earlier this week by Chinese authorities.
Interestingly enough, this mining scam wasn’t centered around bitcoin. The mining machines were mining Filecoin and the CAI token of Lianxin Tech. Lianxin Tech sold over 300 000 mining rigs for $840 per unit.
Investors were informed that their investment would be returned within a maximum of two months. The CAI token also quickly rose from $0.072 to $0.20 and later to $0.29. Investors bought in and it later turned out that the token was listed on an exchange controlled by Lianxin Tech itself. One investor unraveled the scam by finding out the mining rigs were only generating CAI tokens instead of farming Filecoins.
You can also check out:
Chinese Investors Know Bitcoin is the Winner for the Trade Wars
Wealth Inequality with Cryptocurrencies: Ethereum Whales
Console Wars: Sony’s Dominance Will be Tested Next Round
Exodus 1s Setting the Stage for Blockchain Smartphones
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Coinspeaker The Abyss Gets UnrealMALTA, May 23, 2019 – The Abyss, a new digital distribution platform for massively multiplayer online (MMO) video games, has announced it is now offering its partner developers licensing, maintenance and support for Unreal Engine 4 (UE4).UE4 is a world-class toolset that brings real-time, high-fidelity experiences to games and applications across PC, console, mobile, VR and AR. Released by Epic Games in March 2014, UE4 is one of the most widely used engines for commercial game development.Developers on The Abyss platform will now enjoy favourable terms for use of UE4 technology, including access to the Unreal Developer Network (UDN), free maintenance and technical support.The Abyss will also provide marketing support for new UE4-based games, helping devs to attract early adopters, while already released games will be offered extra traffic.Mike Gamble, Head of Games Licensing EMEA, Epic Games, commented:“We’re delighted that The Abyss has chosen to provide additional resources to Unreal Engine developers and publishers on its platform. UE4 scales to hundreds of millions of players, and access to premier support and connections with the global community can be critical to success of large-scale games with live operations.”Konstantin Boyko-Romanovsky, Founder of The Abyss, said:“We are launching this powerful program to deliver a number of services and tools that will help and inspire UE4 developers to produce even more high-quality games.”“We strongly believe our model is the future of gaming and digital distribution and we’re delighted to welcome new Unreal Engine benefits to our platform.”The Abyss platform focusing on MMO/MMORPG games was officially launched in March 2019, soon followed by Desktop App for Windows OS release. The project’s key feature is a multilevel referral program that provides an additional revenue stream and allows developers to earn from each transaction made by their referrals, even if they pay in other games.About The AbyssThe Abyss is a digital distribution platform for MMO/MMORPG games. With a Platform-as-a-Service (PaaS) business model at its core, The Abyss supports indie-studios by providing a complete technology stack allowing them to easily develop, run, market and manage game projects with no third parties involved. Users are also offered a series of income-generating services including the unique multilevel referral program which serves as an additional revenue stream for gamers and developers. For more information on the platform visit theabyss.com and check out @theabyss.The Abyss Gets Unreal