LINE Announces New 5 Decentralized Applications to Build its Platform

LINE
The famous and giant messaging application LINE has announced the first five decentralized applications that will be launching on their new blockchain platform. The information has been released on a press release the last Friday.
LINE Announces the First dApps on its Platform
In the press release, the company explained that they will be launching different apps on their platform. That includes the question-and-answer, product review, food review, location review and prediction decentralized apps.
At the same time, LINE will be offering its link token that will be used in the platform and power its own economy. Moreover, they will also offer their token outside Japan through the BitBox exchange.
The app Wizball Overview will be rewarding users for answering specific questions. 4CAST Overview will create a prediction market for users. Pasha Overview aims at rewarding users for posting different product reviews and help other individuals have specific information about them. The Tapas Overview app will reward users that post food reviews. Finally, the STEP Overview application will incentivize users to share different stories related to holidays or other recreational activities.
Moreover, the company will also be releasing a development kit in the future in anticipation of third-party services.
The press release reads as follows:
“The LINE Token Economy concept uses LINE’s internally-developed blockchain network, LINK Chain (mainnet), to build a LINK Ecosystem that aims to flatten the relationship structure between users and service providers to promote co-creation and mutual growth… LINE is preparing to publicly release a development kit in anticipation of third-party services to join the LINK Ecosystem starting 2019 (tentative).”
The review dapps will be launched in 2018 but there is no specific date for releasing the Wizball or 4CAST. At the time of writing, both of them are in beta version.
Back in April, the company explained that it was going to be supporting different decentralized applications on its blockchain network. In order to do so, the company had to hire different experts and developers in South Korea and Japan.
The decentralized applications have been planned by a subsidiary of the company known Unblock, which is based in South Korea. This subsidiary focuses on blockchain and other research and development initiatives and helped the company create its dApps.
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Zebpay, a Leading Indian Cryptocurrency Exchange, Shuts Down

In what came as a shock and surprise to its 1.5 million customers, Zebpay, a leading Indian cryptocurrency exchange, announced earlier on Friday its intention of shutting down its trading operations.

Shocking Announcement
Zebpay, one of India’s biggest cryptocurrency exchanges, earlier on Friday caused jitters among the Indian cryptocurrency community by announcing its intention of shutting down its trading operations. The company expressed its helplessness in the wake of falling trading volumes after the country’s central bank had banned banks from conducting business with cryptocurrency exchanges.  RBI’s (Reserve Bank of India, the country’s central bank) circular issued in April earlier this year took effect from the first week of July.
Zebpay is credited with making Bitcoin popular among the country’s growing cryptocurrency community and was a market leader for two years before competitors like Koinex were launched last year. In December last year, Zebpay was adding around 300,000 users daily. As per the announcement, the wallet on the platform will continue to be functional, and customers can hold or move their coins as per their convenience. The exchange, however, has not ruled out resuming operations if the country’s apex court passes a judgment in favor of the exchanges.
On their blog, Zebpay notes:
The curb on bank accounts has crippled our, and our customers’, ability to transact business meaningfully. At this point, we are unable to find a reasonable way to conduct the cryptocurrency exchange business. As a result, we are stopping our exchange activities.

Crypto Crackdown
The crackdown came after most Indian cryptocurrency exchanges were raided late last year by the tax authorities suspecting the exchanges of wrongdoing (accepting cash and tax evasion). All centralized exchanges, including Zebpay, had to suspend deposits and withdrawals of INR, the Indian fiat currency. Business on all crypto exchanges was impacted as trading volumes plunged drastically.
Zebpay tried to remodel itself as a crypto-to-crypto exchange, but apparently, there is not enough trading volume for it to survive. For crypto-to-crypto trading, customers continue to prefer more prominent overseas exchanges like Binance due to larger trade volumes.
Other peers like Koinex and WazirX have recently launched their P2P (peer-to-peer) platforms to enable the customers to continue trading cryptocurrencies against fiat as a workaround to the RBI ban. Zebpay did not opt for the P2P route.

Regulatory Uncertainty Killing the Sector
Till April this year, all was well for Zebpay and other cryptocurrency exchanges. Cryptocurrency trading was booming with close to 2000 bitcoins being traded on all exchanges put together. RBI, in an unexpected circular sent out in April, advised banks to sever business relations with cryptocurrency exchanges after giving them a buffer period of three months.
The circular came into effect from July 5th. Multiple cases were filed in different courts across the country challenging the notification. The country’s highest court intervened and clubbed all the petitions together, and after numerous hearings, set September 11th as the final date for judgment on the matter. However, due to the backlog of pending cases, the hearing has been getting re-scheduled in the supreme court since it came up on September 11th.
The Indian cryptocurrency community is an anxious lot, especially the traders and investors who entered the markets at its peak during November 2017 – January 2018 and could not exit the market during the three-month buffer period provided by the central bank as their portfolio was down (in some cases by 80-90%). Their only hope now is a favorable decision by the country’s apex court as they wait for the judgment day with bated breath.
 Do you think a growing economy like India should shy away from cryptocurrencies? Let us know in the comments below.

Images courtesy of Shutterstock.
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Ubisoft, ConsenSys, and Others Unite to Form Blockchain Game Alliance

The future of blockchain and gaming looks rather bright. The Blockchain Game Alliance has been formed. This outfit is comprised of various blockchain and gaming companies. Advancing the use of blockchain technology in the gaming industry will be this alliance’s number one priority

The Blockchain Game Alliance is Born
The video gaming industry is under a lot of pressure. Numerous debates regarding lootboxes, DLC, and pay-to-win projects can be found across social media. More transparency is direly needed in this growing industry. Blockchain technology may hold the solution to these pressing problems. That is what the Blockchain Game Alliance aims to pursue over the coming years.
This new entity has the support of industry heavyweights across blockchain and gaming. Ubisoft, Alto, Gimli, ConsenSys, EverdreamSoft, and Enjin are just some of the members. The Blockchain Game Alliance was introduced during this year’s Blockchain Game Summit in France. Their goal is to advocate for broader blockchain adoption in the gaming industry.
Initial efforts will focus on creating an open forum. Engaging in an open and active dialog will fuel collaborative and research efforts moving forward. Revamping the way consumers think about and interact with games will be a big challenge. Additionally, the Alliance will develop best practices and standards to promote blockchain integration within the gaming industry.

Paving the Way to Success
Several projects have shown blockchain and gaming go well together. Spells of Genesis is a very popular offering in this regard. The blockchain-based project offers digitized digital assets. These assets are fully owned by the player, and can be monetized as they see fit. No traditional game provides this functionality at this time.
Blockchain technology can provide many benefits to gaming enthusiasts. It introduces creating cross-game assets and characters to enhance the overall experience. For in-game purchases and transactions, fees can be reduced to a bare minimum. This is a commonly explored benefit of blockchain technology. Its speed and low-fee nature make very a rather appealing combination across different industries.
Accelerating industry adoption of blockchain will not necessarily happen overnight. A lot of game developers build their franchises as “stand-alone” offerings. Offering cross-game compatibility can be beneficial, yet not all publishers will see the benefits right away. Through the Blockchain Game Alliance, the speed of adoption can be increased accordingly. Putting the players in control of their in-game assets will shed a positive spotlight on the industry.
What impact with the BGA have on the blockchain gaming industry? Who do you think will join next? Let us know in the comments below.

Images courtesy of ShutterStock and Blockchain Game Alliance
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Locktrip Publishes Its Own Blockchain Manifest – and It Is Amazing

According to the info obtained by us, the Bulgarian based startup LockTrip is about to announce the launch of their own POS blockchain, which promises to solve many of the problems current major blockchains are suffering from. And we are amazed.

What Makes Current Blockchain Designs Less Than Ideal?
We asked Nikola Alexandrov, the CEO and Co-Founder of LockTrip, to share with us the main reasons, why current blockchain designs were slowly failing the market:
We see most blockchain developers focused on achieving hard metrics such as transactions per second (TPS), while at the same time continuously working on architecture that was drafted as early as 2016 and 2017, without paying attention to painful problems that actually are hindering mass adoption of the technology. Based on the gathered data, we have drafted a new-generation blockchain for the purpose of solving these specific problems for ourselves, as well as for any other potential decentralized application, that wishes to be part of a more sustainable blockchain economy.
We have summarized the most important problems LockTrip wants to solve with its new blockchain:

Currently, the economy of every blockchain (consisting of the fees) is in the hands of miners only, leaving investors, and more importantly the project developers rewardless. There is no way for them to profit from the transactional economy they are creating.
Available blockchains have a very limited capacity available for distributed databases
Communication between DAPPs is poor or non-existent
Transaction fees are unpredictable, putting businesses at high risk
Users have to store some amount of the underlying cryptocurrency in their wallets to pay for Gas, if they want to send tokens (making the process more complex and less user-friendly)

What Is Locktrip Doing Differently?
“While some projects try to revolutionize from scratch, we tend to lean towards the strategy to continuously evolve based on the present opportunities, challenges and technical specifics of the environment in which we are growing,” said CEO and Co-founder of LockTrip Nikola Alexandrov. “Evolving as a strategy technically means to be resourceful in using everything that is existing and validated as being of value, while at the same time to embrace opportunities to upgrade the design and overall technical and business related model of the project, without compromising much of what has previously been achieved.”
The LockTrip blockchain in its core is based on the open-source production level Qtum blockchain, which on its own is a fork of Bitcoin Core with an Account Abstraction Layer that enables support for the Ethereum Virtual Machine (EVM). This hybrid blockchain utilizes the well-established UTXO transaction model and employs a true Proof-of-Stake consensus, which has been evolved from the BlackCoin project. “We are undertaking the evolutionary strategy of combining the best of Bitcoin and Ethereum and building on top of it a proprietary blockchain that is capable of preserving decentralization, supporting Ethereum applications and at the same time reaching notable TPS performance.”
This means, that the new POS blockchain of LockTrip is built on proven and 100% decentralized blockchain infrastructure, which focuses on improving the overall capacity to approximately 120-200+ TPS, without sacrificing decentralization (their initial target is approximately 10.4 – 15 Million transactions per day, which is approximately 10 times the current capacity of the Ethereum network).
But, More Importantly…
LockTrip is aware of the (non-TPS related) issues described above and they have spent the last 6 months working on designing and building a blockchain, that would evolve around current technology and solve key problems that could unlock significant economic potential while offering maximum investor protection by implementing the following solutions:

A true Proof-of-Stake consensus that will enable every single user to stake without any requirement for a minimum amount of LOC
Total output of 120 – 200+ TPS / 10.4M – 15M transactions per day (approximately 10 times the capacity of the current Ethereum network, with a functioning prototype being in the 200+ TPS)
One-click installers for running a node on an average household computer (after you install the node, you will be able to stake your coins)
Ethereum VM support in order to have full compatibility and easy migration of Ethereum DAPPS and Ethereum smart contracts → Projects can easily switch to LockTrip at no cost
According to LockTrip, they received a letter of intent from 6 high quality companies to build on top of LockTrip and they claim to be in communication with multiple other companies to engage and build on their blockchain
LOC owners will be able to stake their LOC to get a piece of the transactional economy from the LockTrip booking app as well as from all other DAPPS and tokens
Unlike current blockchains, revenue from the transactional economy is specifically shared with the projects building on top of the LockTrip blockchain. Such projects will be accredited LOC on a protocol level with 50% of the fees they are able to generate through their transactions (from their own tokens that are using the LockTrip blockchain).

This technically means, that LockTrip is building the first blockchain, which utilizes a true shared economy. The people who contribute to its adoption will benefit from the transactions they generate, regardless of their business model. This would also serve as a tool to attract existing Ethereum DAPPs to their new blockchain, as it would give a strong and sustainable boost to their long-term economy without any costs or risks.

Easy installation of nodes for average users – their goal is to get as many people on-board as possible. That would ensure a viable network and a strong POS consensus that would have high censorship resistance. Desktop wallets will be nodes too.
Easy staking of LOC for average users – the “mining” (minting) process will be democratized and available to everyone.
2 Level Nodes system – Full nodes and standard nodes – The standard nodes will process all on-chain data. The full nodes will additionally support the secondary layer containing a distributed database and a message bridge. These two will enable businesses to launch e.g. a web-based application completely in the distributed storage without the need to look for third-party providers. It will also enable communication at a new scale between DAPPS, enabling new business models that were not possible before.
Fixed and predictable Gas price and dynamic calculation according to fiat equivalent, which allows businesses to calculate and predict the price of network fees.
Ability to change the GAS price through a democratic voting system in a transparent manner.
32 seconds average block time, 2 MB block size, 8 seconds granularity and full interchangeability of nodes

Why Loc Owners Will Be Profiting the Most
According to LockTrip, the deployment of the proprietary blockchain will significantly boost the LOC economy in the following ways:

New potential DAPPS and tokens will grow awareness and adoption of the LOC blockchain
Proof-of-Stake unlocks a powerful incentive for LOC owners to buy, hold and stake their tokens, which on its end results in significantly lowered financial velocity and circulating supply
Gas fees generated by travel bookings will no longer be paid to Ethereum miners but will be redistributed back to the LOC stakers. With relatively complex smart contracts, that can cost between $1 and $3 per booking, this network fee can result in a significant economic boost on its own, even if any other potential economies from third-party DAPPS and tokens are disregard
With its unique shared economic model and full support for the Ethereum VM, LOC poses a strong marketing incentive for DAPPS to migrate from their current blockchain to the new one of LockTrip
LOC can position itself as an advanced ecosystem, that welcomes travel projects as well as just about any application in any other vertical
Travel projects can be further incentivized to migrate by offering them access to technology specifically designed for travel-businesses
Possibility to provide “Locktrip as a service” to new potential travel businesses, which are interested to tokenize their travel services.

All of those above will most likely transform the company from a niche travel company to a tech company with limitless potential.
You can check the full Manifest here: https://locktrip.com/blockchain.
6 High-Quality Companies Are Already Interested
According to LockTrip, they will be aiming to grow both sides of its blockchain ecosystem – on one side are the stakers and the underlying infrastructure of nodes that facilitate the POS consensus, and on the other side, the applications that build on top of the LockTrip blockchain and thus help it grow in popularity and adoption.
As of this moment, six projects have expressed strong intentions of building their tokens/ICOs and decentralized economies on top of the LockTrip blockchain. We have put together all of them for you:

Evedo – https://www.evedo.co
Conor Capital – http://www.conorcapital.io
Garanti Koza – http://www.garantikoza.com
SoftUni – https://softuni.bg
FFQuest – https://ffquest.com
Horsepitality –  http://www.horsepitality.com.sg

Locktrip Is a Growing Success
LockTrip isn’t just a startup anymore. Right from the beginning, their idea caught up great traction, as LockTrip was able to raise around 10,500 Ether from more than 4,000 backers. Today, the platform has got more than 100,000 hotels to sign up for LockTrip and there is an ever-increasing community of more than 40,000 travelers, who are choosing LockTrip over conventional booking sites.
Our verdict: LockTrip is a hidden gem, that has remained relatively unnoticed so far due to extremely reasonably sized tokensale that was held in Oct for 2017.
About LockTrip
The concept of LockTrip is straightforward and seeks to build a shared economy model around a native (LOC) token. They utilize a variety of smart contracts in order to eliminate commissions on the bookings you place on their marketplace. In contrast, sites such as Booking.com, Agoda.com, and AirBNB.com ask for commissions that range from 15% to 30% on every booking, which in the end are paid by the travelers.
Hotels hate that since it erases a great deal of their profits. Travelers, who are aware of the scale of those commissions also hate it, simply because from their perspective it just means paying excessive fees to a middleman who adds little value to their actual travel stay. In the end, you still stay in that same hotel, regardless of whether you book it through site A, B, C or through the hotel itself, right? So why pay 20% on top, just for a server that connects you with the hotel?
LockTrip has been launched in September 2017, and they now have a live product with 100,000+ hotels and 1500+ vacation rentals. Those can all be booked through https://beta.locktrip.com, in addition to which, there is an Android App and an iOS App, both available for download.

Images courtesy of LockTrip
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Inaccurate Crypto-Trade Volumes – Some Exchanges Encouraging Wash Trading

In what appears to be a case of inflated trade volume reporting, Singapore based cryptocurrency exchange BitForex, a relatively unknown exchange has taken the number one position in daily trade volumes exceeding $5 billion daily.

The Sudden Surge of Volumes on Some Exchanges
Not many had heard of BitForex, a Singapore based cryptocurrency exchange a few months back. Today the platform reports a daily trade volume of more than $5 billion, taking the number one spot as indicated by crypto-data aggregator CoinMarketCap. What makes the reported numbers suspect are the bear market conditions over the last few months when even established players like Coinbase and Binance with more traffic are reporting lower volumes.
Exploring the Reasons
So, how did BitForex manage to clock these numbers? Market participants suspect that some new exchanges including BitForex are luring customers by offering incentives and rewards. Garrett Jin, vice president at BitForex attributes the surge in volumes to the platform’s transaction mining system.
Users of the exchange earn $ 1.20 for each $ 1 of the trading fee they pay, the incentive being paid out in tokens. Users can make free money by deploying bots, automated programs which can swap coins back and forth between accounts controlled by them.
“All users are contributors to this exchange and should be rewarded,” Jin said by email, adding that BitForex ‘opposes’ manipulation of any kind and that the incentive program is temporary and is set to end soon.
Other than BitForex, DOBI Trade, FCoin, CoinSuper and CoinBene are some exchanges that offer or have offered in the past similar transaction mining rewards.
The controversial practice apparently promotes wash trading; in which a trader or team of traders will trade the same asset back and forth multiple time to inflate the market activity. The exchanges on their part are not taking enough action to discourage abuse on their platforms, raising doubts about their integrity.
While these exchanges have been able to lure the retail customers, institutional investors have consciously kept away from the digital asset markets owing to such dubious ways. Cryptocurrency exchanges across many countries have provoked close scrutiny by regulators.

Need for Regulations
BitForex and other cryptocurrency exchanges are not regulated directly by the Monetary Authority of Singapore. “Digital tokens are mainly traded on opaque markets, with no regulatory protection for investors,” MAS said in an emailed response to questions. “There may not be enough active buyers or sellers and consumers may not be able to exit their token investments easily.”
US authorities have in the past expressed similar concerns. Earlier in the year, the U. S. Justice Department had initiated a probe into the alleged illegal practices in the crypto-markets. According to market participants, the inflated volumes are likely due to high frequency automated trading, which in traditional markets is under regulatory oversight. Experts suspect that most of the reported trade volumes are inaccurate and even bigger players can’t be trusted.
Michael Kazley, a Goldman Sachs and Cedar Lake Capital Ventures alum who co-founded New York-based Crescent Crypto Asset Management, said:
Of course, not all digital currency exchanges are raising concerns among investors. Major venues in the U.S. appear to be reporting ‘pretty accurate’ figures and are willing to work with regulators.
The Winklevoss twins of Gemini have also set up a voluntary organization called Virtual Commodity Association to work with the government and prevent malpractices.
The inflated volume number reported by BitForex and other such exchanges illustrate the urgent need for regulations especially in the jurisdictions where these exchanges are based.
Do you think it is ethical for exchanges like BitForex to attract customers by providing the lure of free money? Let us know in the comments below.

Images courtesy of ShutterStock
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Austria’s Tourist Office to Use Blockchain Platform in Digital Ad Campaign

Austria is turning its attention to the blockchain to run a digital ad campaign designed to reduce fraud and cut costs to advertisers.

Blockchain Pilot Test
The Austrian National Tourist Office (ANTO) is taking part in a pilot with Adbank, an Ethereum-based ad platform. It’s powered by its ADB token, which is designed to cut ad fraud, reports Business Cloud.
According to the platform, ad fraud will cost advertisers $51 million a day this year. Adbank is working at cutting fees by ad intermediaries, which it claims marks ads up by over 70 percent.
Michael Scheuch, head of brand management for ANTO, said:
We are actively positioning Austria to be one of the premier global destinations to visit all year round. In the pilot with Adbank, one of the more interesting blockchain applications in the advertising sector, we hope to overcome on a global scale various difficulties within classic online advertising.
Speaking of the pilot, Kelsey Cole, co-founder of Adbank and CSO, said “markups and ad fraud cost the tourism industry billions per year,” adding:
ANTO will be the first of many travel-focused partners to mark the beginning of an era where the advertiser has the control they deserve using Adbank’s technology.
Notably, studies show that for every ad seen digital ad networks take 48 cents, on average, out of each dollar spent. Not only that, but that’s before fraud is entered into the equation. Additionally, in 2016 global governments spent $413 billion on promoting their countries, according to the World Travel and Tourism Council.
Yet, as Cole adds, there is “little to no accountability with the current advertising ecosystem.”

Blockchain Use Cases
This is just one of the areas where the technology is being applied to.
Due to its transparency and immutability, various industries are realizing the potential the blockchain can have. Other sectors include food traceability, aviation, humanitarian, and health. These are just a few instances where the technology is being applied.
Yet, the fact that it demonstrates the belief people have in it. However, while it does have its uses, not everyone is of the same opinion.
Karl Hoods said that it’s “not going to solve everything” on its own in the charity sector. Speaking in April, the former CIO at Save the Children said:
Blockchain isn’t the solution on its own. It’s going to come down to policy and lots of other factors.
Do you think the blockchain will help Austria with ad costs? Let us know in the comments below.

Images courtesy of Shutterstock.
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Is Bitcoin Set for Another Bull Run – This Technical Indicator Says So

Bitcoin appears set for another bull run that could see it recover a significant portion of its lost value during the 2018 slump. An analysis of a technical indicator reveals a positive trend reversal for the top-ranked cryptocurrency.

Bitcoin Bull Run Imminent
According to Bloomberg, the RIG trend lines indicator points to an imminent price rally for BTC. RIG trend lines are technical indicators that combine both the relative strength index (RSI) indicator and momentum studies.
An examination of the indicator shows the momentum gauge intersecting the RSI gauge. When this happens, it is interpreted that a significant price rally is imminent. Whenever both gauges cross, BTC experiences a significant price rally.

The last intersection occurred in August. It signaled the start of an over 20 percent price surge that took BTC to above $7,300 by the beginning of September. If history repeats itself, then Bitcoin could be poised to test $8,000 by the end of October.
Bitcoin last reached the $8,000 price mark at the back end of July 2018. The cryptocurrency has floated between minor price surges and subsequent declines for most of the third quarter of the year.
Narrowing Volatility: A Sign of Better Things to Come
Bitcoin like the rest of the cryptocurrency market has declined over the course of the year. However, in the last three months, the volatility of the top-ranked coin has diminished considerably.

Some experts predict that a price breakout due to this shrinking volatility is imminent. Bitcoin bulls will be hoping that their analysis of the RIG trend lines is accurate which would mean another bull run.
Another Q4 Price Gallop in 2018
Elsewhere in the market, there are recent signs of a price renaissance for many cryptocurrencies. Ethereum, XRP, and Bitcoin Cash have experienced significant price rallies over the last few days.
Recently, Tom Lee predicted that Ethereum could reach $1,900 by the end of the year. According to the Fundstrat Global Advisors chief analyst, ETH has underperformed its top-ten peers by two standard deviations. Thus, a massive price surge is on the cards for the second-ranked cryptocurrency.
In recent years, Q4 has brought with it significant gains for the cryptocurrency market. Many stakeholders continue to hold out hope that Q4 2018 would follow this pattern of rapid price gallops.
What is your end of year Bitcoin price forecast? Let us know your thoughts in the comment section below.

Images courtesy of Bloomberg, Coinmarketcap and ShutterStock
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Mega Moolah’s €18,589,210 Jackpot Is Waiting, Will You Win It All?

It doesn’t get any bigger than this, as Mega Moolah’s jackpot is locked, stocked, and ready to blow. Standing at a staggering €18,589,210 and growing bigger every minute, one lucky player is going to win a truly life-changing sum of money from a single spin. With the excitement reaching a fever pitch, if you want to be in with a chance of winning this monster jackpot, make sure you head on over to BitStarz today!
We have a game selection that features more than 1,600 amazing titles, but Mega Moolah is – and always will be – one of the most popular. So, what’s made this game such a long-standing fan favorite? Well, where do you even begin? Featuring 5 reels and plenty of roar, this game sends players on an African adventure from the very first spin. That’s not all, as Mega Moolah has a progressive jackpot that’s allowed several players to ride its reels directly into the history books.
Since its launch 10 years ago, it’s paid out over half a billion to players, with some even grabbing jaw-dropping eight-figure payouts. 10 million, 8 million, 5 million, 7 million, 9 million, 11 million, and so much more have been awarded through just single spins. Online casino players have never seen a game quite like Mega Moolah before and they likely never will again. The biggest Mega Moolah jackpot of £13.2 million was won by British soldier Jon Heywood back in October 2015, but the next jackpot winner will smash this record.
€18,589,210, do we need to repeat this figure? Now is the time to spin the reels of the hottest online slot in history. Head on over to BitStarz today to start rocking the reels of Mega Moolah and making your claim to history.
Not a BitStarz member yet? Don’t worry, as there is still time register and start spinning for the big bucks in Mega Moolah. Register today and not will you have instant access to the monster jackpot everyone is talking about, but we’ll also give you a welcome package that includes up to 5 BTC in bonuses and up to 200 free spins!
Mega Moolah’s monster jackpot is waiting, but you have to spin it to win it!
www.bitstarz.eu
For more information about on Mega Moolah’s monster jackpot, along with everything else BitStarz has to offer, please contact Srdjan Kapor at [email protected]
 Press contact:
Srdjan Kapor
Marketing Manager
[email protected]
www.bitstarz.eu
 
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Future Powered by Crypto: Utopia or Reality?

 
Imagine a world that is moving fast towards prosperity, where the widening gap between the “haves” and “have-nots” is fast disappearing. The financial institutions that controlled the flow of money and made a few people rich while keeping the majority poor are crumbling. Governmental activities are being performed on “smart contracts” that get automatically enforced. Cryptocurrencies are being used massively as regular money. The world is truly becoming a utopia. Is this even possible?
 
Cryptocurrencies, backed by the immutable blockchain technology, can decentralize the entire monetary system and along with existing financial institutions can transform it completely to make it better and more efficient. Although this might seem like a fairytale, its possibility cannot be denied.
 
Putting the future in a frame
The inherent features of cryptocurrencies make them desirable as an ideal medium of exchange – they are very convenient to hold and carry, no settlement risks, minimum transaction fees, no third party involvement, no central control and no delays in clearance. Mass adoption of cryptocurrencies would lead to the creation of a world where currencies are global and accessible to everybody. There is no counterfeiting, payments are more comfortable and faster, and there are no risks of breach of privacy or security hacks.
 
An analysis by global IT services leader Capgemini and French International Banking Group BNP Paribas finds that global non-cash transactions will reach $433 billion by 2020, out of which emerging economies in Asia will account for a close to 31% growth. The report also notes that to spur this growth, it is important to reduce dependence on cash use and embrace digital currency and FinTech.
 
Blockchain technology has already demonstrated its robust capabilities in driving key changes in the FinTech sector. By adopting blockchain, the global banking industry could save as much as $20 billion by the year 2022.
 
Apart from the financial sector, blockchain technology has the power to revolutionize every industry. It can make global supply chains seamless and fast, it can transform healthcare, government and manufacturing, among other sectors. It can bring greater transparency in everything we do. It can enhance traceability, improve speed and security and reduce costs.
 
Challenges to overcome
While the advantages of cryptocurrencies and blockchain technology can make the world better and all human activities more efficient, there are obvious challenges that we need to address.
 
The biggest problem of cryptocurrencies is their non-compatibility with fiat money. There are currently no tools that can seamlessly blur the lines between crypto and fiat to create a consistent monetary system. As a result it is difficult to make payments in cryptocurrencies for products and services. Whatever platforms do exist act outside the ambit of traditional financial institutions. Such solutions cannot promise seamless efficiency or even continued operation. Speculative volatility of cryptocurrencies is another major reason why they cannot be mass adopted.
 
Even though all of these challenges are present, a comprehensive platform can create an opportunity to harness the potential of blockchain technology and cryptocurrencies.
 
WCDC and the realization of the future of crypto
To achieve such a future for blockchain and cryptocurrencies, WCDC proposes a platform where a combination of virtual cryptocurrency with a physical card would be possible. This would allow the creation of a payment system that would connect fiat money with cryptocurrencies.
 
Using the proprietary e-wallet technology, WCDC project is developing the world’s first BR Card for its robust financial ecosystem that includes a multi-card operation system that connects real money with cryptocurrencies. Through all this, WCDC aims to make transactions more comfortable, efficient and more accessible globally. It would thus evolve as a user-centered, convenient, safe, transparent global cryptocurrency payment platform that can be used and adopted across the world.
 
WCDC project seeks to connect with governments and also create a vast network of financial institutions that will help it truly integrate its vision of making crypto and fiat compatible. The platform will also help ease transactions for all kinds of businesses and cross border payments for commerce, personal or charities.
 
The WCDC aims to be an intuitive and user-centric global cryptocurrency that, while having all the advantages of digital currencies, will overcome the disadvantages of payment methods.
 
The coexistence of fiat money and cryptocurrencies would eventually lead to a future where trust is built on crypto and blockchain. Where they are less volatile and accepted by the masses without apprehensions.
 
Blockchain pioneers in the FinTech space are already working to bring this into reality. WCDC is among those trailblazers who are working passionately using technological innovations to create a system that will alleviate the inconvenience of all financial consumers.
 
WCDC is creating an ecosystem that harnesses the advantages of cryptocurrencies with the vast network of the traditional financial institutions to create an efficient, fast and secure monetary system. The project aspires to bring to fruition a future that is run on the unfettered capabilities of blockchain technology to create a productive and capable infrastructure that can run almost all aspects of human endeavor. With WCDC, such a future seems possible.
 
 
About the project:
World Credit Diamond Coin (WCDC) combines technology and experience to enable the next generation of e-payments that creates compatibility between fiat and crypto. The platform will allow users to open and manage electronic banking accounts and avail and financial services. It also has a customer loyalty and incentive program that rewards users for their transactions. Finally, it helps to ease the acceptance of crypto payments by businesses. With all these features WCDC endeavors to create a robust financial ecosystem powered by cutting edge infrastructure that will allow the use of cryptocurrency as an everyday medium of exchange.
 
To learn more about the company’s innovative solutions, visit its website and keep up with the hot news and updates on Telegram, Facebook and Twitter.
 
 
The post Future Powered by Crypto: Utopia or Reality? appeared first on CoinStaker | Bitcoin News.

Australian Couple Accused of Cyber Crime Used Cryptocurrencies to Launder Money

A couple from Australia alleged to be involved in many credit card related thefts and siphoning off AUD 300,000 were arrested earlier on Thursday morning. The couple apparently used the cryptocurrencies to launder the money to offshore crypto-accounts.

Details of the Incident
A couple of Lebanese origins were arrested from south-west Sydney, Australia by the NSW Cybercrime Squad and are alleged to have used stolen credit card information to open 15 companies and numerous bank accounts. An amount of AUD 300,000 was apparently converted to cryptocurrencies including Bitcoin and laundered by the couple to offshore cryptocurrency accounts. The Public Order and Riot Squad also accompanied the Cybercrime squad when they reached the couple’s residence early on Thursday morning.
The 32-year-old man and 29-year-old woman living in Australia on bridging visas were immediately taken to the Campsie police station. The cybercriminals were identified as part of an ongoing investigation by Strike Force Breakbank, an agency launched in March this year to investigate online purchases using stolen card information.
Charges Filed
The man has been charged with 35 fraud-related offenses, six identification fraud-related offenses and knowingly dealing with proceeds of crime and the woman with 12 fraud-related offenses. The woman was granted conditional bail while the man was refused bail. At the time of publishing, the man would have appeared in court and the woman is due to appear at Burwood Local Court on Tuesday, October 9th. The police have ascertained the immigration status of the couple from the Australian border force.
Cybercrime Squad Commander, Detective Superintendent Arthur Katsogiannis, said:
Cryptocurrencies presented a significant challenge for law enforcement both here and abroad.

He further added:
The semi-anonymous and decentralised nature of many cryptocurrencies make it desirable for criminal activity, particularly for those groups who are operating offshore.
Use of Cryptocurrencies for Cyber Crimes
This incident has once again highlighted the use of cryptocurrencies by cybercriminals for money laundering. Governments and central banks across many countries have often cited misuse by terrorists and criminals as an argument against recognizing cryptocurrency as a valid method of payment. The supporters, on the contrary, argue that such criminal activities existed even before the invention of blockchain and cryptocurrencies.
The fact, however, remains that the benefits of using cryptocurrencies far outweigh the drawbacks. Better regulations, proper implementation of AML (Anti Money Laundering) and KYC (Know Your Customer) norms and a collaborative effort between the cybersecurity agencies of different countries is the need of the hour to curb such incidents.
What do you think is the impact of such cyber crimes on the adoption of cryptocurrencies as a recognized medium of exchange? Let us know in the comments below.

Images courtesy of Pixabay and ShutterStock
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