trust management market based on blockchain and smart contracts which will serve as an ecosystem for traders, investors and brokers. // -- Discuss and ask questions in our community on Workplace. Gensis is proposing a system which will enable investors to passively invest in BOTH cryptocurrencies and traditional assets. Trust management in this reference is a system where investors transfer their funds to wealth management companies/fiduciaries/experts who manage and invest these funds in assets which match the investors risk profile. The total amount of funds under management globally were at $70 trillion in 2016, and are expected to reach $100 trilllion in 2020. Having personally worked in this industry for a few years, the author has seen some of its grey areas very closely. Wealth management companies measure their success by the amount of funds they are managing, which incentivizes them to attract as much capital as they can. While investors select fund managers based on their past performance, these numbers can be easily overstated by creating personalized statistics for performance measurement and working in tandem with brokers. Even the fee structure is kept opaque in many instances, with many types of hidden fees being charged to the customers. Many fund managers receive bonuses which are 15-20 times of their base salaries, which incentivizes them to keep the fee structure high and opaque. While investors have kept investing money with wealth managers, numbers show that only 17% of them have managed to beat their respective benchmarks in the past 10 years. Genesis Value Proposition Genesis Vision is a decentralized trust management platform built on blockchain technology and smart contracts. Blockchain technology provides indispensable advantages, such as openness, immutability, and censorship-resistance of all stored information, whereas smart contracts, which will be carrying out investment and profit distribution, make these processes completely transparent and open. Each manager in the Genesis Vision network has his own cryptocurrency. The size of the issue depends on successful trade statistics. The process of transferring funds to the manager is carried out by buying a managers cryptocurrency on the internal exchange. There will be 3 core elements of the Genesis ecosystem: investment managers, investors and the brokers. Investors and the investment managers will interact with the platform using the mobile app or the web based application. Each manager will have his own Ethereum based token. Investors will contribute the funds that they want invested and will get the managers tokens in return. A managers tokens gain their value from the performance of his portfolio and will trade on Genesiss internal exchange. The manager shares the profits from the portfolio after fixed intervals, which are shared with his token holders. Smart contracts facilitate all the transactions. Every trade that a manager makes is stored in the decentralized IFPS which is visible to all and makes the system transparent. // -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- // The part of the ecosystem discussed above is enough for cryptocurrency based asset management, however when dealing with traditional assets, the brokers come into play. As of now and maybe for a foreseeable future, Genesis will only facilitate cryptocurrency and Forex based asset management. When an asset manager includes Forex in his portfolio, the investors funds will be routed through a broker who will buy the required fiat currency and supply it to the asset manager. The proposed business model has benefits for all participants which includes investors, managers and the brokers. The investors benefit from the transparency while the investors and brokers get to access a larger demographic. If you remove the Forex part of the project, the idea is similar to what Melonport and CoinDashare doing. All three of them facilitate any trader to create and manage crypto based portfolios. Genesis differentiates itself by including the traditional asset part as well as creating individual tokens for each asset manager. Token and Crowdraise Genesis Vision has its own token: GVT ( Genesis Vision Token). GVT is based on ERC20 Ethereum token standard.GVT will be used for all investment operations, profit distributions, and managers token trading on the internal Exchange. Along with GVT, each manager will have his own token. The managers tokens will only trade on the internal exchanges where users can buy them in exchange of GVT. The GVT are limited in number and as demand for the platform grows, so does the value of GVTs. The ICO started on 15th October 2017 and is open till 15th November. 75% of the 44 million tokens are available for the ICO and 1 GVT is valued at 1 USD (hardcap $33 million). A 20% bonus is available for the next 2 days. 40% of the funds raised will be used for product development while 30% are dedicated to marketing. Genesis will be marketing the product heavily amongst users and brokers, hence the higher allocation. The team will keep 11% of the tokens. Team The Genesis Vision team ranks highly on credibility. With transparency at the core of the Genesis Vision project, the team had their Initial Coin Offering certified by The Financial Commission successfully. The Financial Commission is an independent self-regulatory organization and external dispute resolution body, primarily dedicated to Forex. Genesis is the first ICO to be certified by the Financial Commission. One of the 3 cofounders Alexey Kutsenko is the CEO of Tools For Brokers. Tools For Brokers (TFB)is a fintech company working exclusively with brokers and has around 300 brokers as clients. The close relations of TFB will facilitate broker participation in Genesis Vision. The other two cofounders Ruslan Kamenskiy and Dmitry Nazarov started working on the project in 2016 and won the HackRussia all-Russian hackathon in the nomination Finance and Blockchain with the Genesis Vision project. There are 10 members in the team and 13 prolific advisors, many of them being CEOs and founders of Russia based wealth management companies. Verdict Credibility is always a top priority when looking at ICOs and Genesis has plenty of it. Genesis builds up on the existing blockchain based asset management firms by enabling a window for traditional assets. Although the initial product focuses only on cryptocurrencies and Forex, many investors will find value in holding multiple fiat and cryptocurrencies together. The concept of each asset manager having his own currency seems really cool and will help attracting many potential traders/analysts. However, there is intense competition in blockchain based asset management space with companies like Melonport already working on betas with a thousand users. We hope Genesis does not lose a significant market when it rolls out its first version in 2019. Risks The gateway to traditional assets will not be easy. Genesis will face many regulatory headwinds when it eventually expands in traditional assets beyond Forex. -2 As mentioned above, Genesis faces intense competition in cryptocurrency asset management space. -3 Although the concept of asset managers having their own currencies sounds interesting, it makes the project much more complicated. -0.25 The first version of the product will be released in 2019, which seems a bit stretched. -1 Growth Potential Although the shareForex asset management is lower than other forms of asset management, it still is humongous considering the total market size of $70 trillion. +4 Credible management and the advisory team is a big positive. +3 Genesis already has a solution for trust management market used by 80 financial companies. The working solution is based on a b2b model and is centralized. +3 Genesis has good relations with around 400 brokers and 50+ wealth management companies. This will help them scale very quickly. +2 Disposition We arrive at a score of +5.75 out of 10 for Genesis Vision. There is no softcap and unsold tokens during the ICO will be burned which might result in potential upside in case the hardcap is not reached. Overall we have a positive view of Genesis. Investment Details The ICO is live. You can buy the tokens here. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Aakash Kawale 4.5 stars on average, based on 15 rated postsAakash Kawale is a financial analyst based out of Mumbai, India. He is the lead analyst at a Singapore based organization and has extensive experience of analyzing US and Indian equities. Aakash is a strong advocate of the Blockchain technology and has been analyzing cryptocurrencies since 2015. Follow @HackedCom Feedback or Requests? Related Topics:initial coin offeringtoken sale Up Next ICO Analysis: Worldcore Don't Miss ICO Analysis: Bloom You may like ICO Analysis: Ambit Mining ICO Analysis: CoinJanitor ICO Analysis: ImmVRse ICO Analysis: Momentum ICO Analysis: Eligma ICO Analysis: NeuroChain (NCC) Click to comment You must be logged in to post a comment Login Leave a Reply Cancel replyYou must be logged in to post a comment. ICO ICO Analysis: Ambit Mining Published 11 hours ago on April 21, 2018 By Ross Peili By 2017, cryptocurrencies reached their mainstreampeak, where people like Alan Greenspan and Microsofts Bill Gates were talking about the possible value in this new digital asset class. // -- Discuss and ask questions in our community on Workplace. The current state of blockchain technology has already proven itself more than just worthy, improving the lives of many people and legal entities in various ways. However, blockchain-powered platforms require an enormous amount of computing power to run smoothly. One of the most important gears of the current blockchain-factory is the concept of mining cryptocurrencies, or in a nutshell, lending your computing power and resources in order to provide the blockchain the power it needs to perform the transactions set within the network, in exchange for a portion of the transaction. While mining is necessary for most of the current blockchain systems, it is also a pain in the ass for various reasons, including // -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- // Mining has extremely high-energy costs The noiseand heat generated by the machinery could be really disturbing Requires a lot of physical space Requires expensive hi-tech ventilation/air-conditioning systems Requires 24/7 personnel to monitor the plant That is why, over time, mining ended up being extremely difficult and concentrated in a few hands. Most mining companies disappearedor merged with similar companies and those who take mining seriously even started to move to countries with low taxes and low electricity fees. For some countries, mining feels are very low. Take Georgia, for example, where the average rental price per a square meter is not more than a couple dollars. The price per KWhis not more than $0.05, in opposition to the average European KWh price that is currently around $0.20. Ambit Mining is a Georgian-based start-up that has been taking advantage of these features for some time now. The company operates its own mining plant, powered by major industrial titans like Schneider Electrics, AMD, NVidia, Cisco and Kingston. Ambit Mining is constantly evolving and are now launching their own ICO to power an ecosystem of investors and developers under the Ambit Mining roof. The Georgian company not only is one of the most promising, according to their latest transparency release, but they have ties to governmental institutions in Georgia, understanding both local and international markets with a solid and modern business plan. Unlike most mining plants with a business model, that rent you specific hash power, Ambit Mining gives you the opportunity to be part of the business model by releasing 85% of their total token supply to the public. Ambit Mining uses both ASICs and GPUs to diversify risks. They have a modern plant and they keep expanding. Ambit Mining unites mining, cloud, and hosting services into one decentralized platform, guided by the community shareholders. The company is part of the economic free zone of Tbilisi, capital of Georgia and they have an interesting and transparent history when it comes to mining. Their latest project achieved 100% ROI in just five months. Token The AMBT token is Ambit Mining ecosystems native currency. It can be used to purchase mining contracts, computing power, or even cloud space. Each token has a value that can be translated as a vote on significant community events and updates. At the same time, naturally, you can swap your AMBT for ETH, or any other major cryptocurrency and find shelter in fiat or other altcoins. The total token supply is set to 104,000,000 AMBT, 85% of which (88,000,000) will be accessible during the public sales. Ambit Mining, unlike most ICOs, will require only 3% to be reserved for the company, while 9% is distributed to team and advisers, and the final 3% will be given to bounty participants. The starting price of an AMBT token is approximately set around $0.5 per unit, which is ultra cheap, if you consider that projects with a similar total supply cost between $10 and $200 at the moment, with Ethereum (~99 million total supply) being the most expensive per unit at $585 US dollars. Team Beka Vashakidze (Founder & CEO) is the CEO of BF group holding Company operating on mining in Georgia. He is involved in numerous different industries including Fintech, Digital Media, oil and gas among others. Giorgi Inashvili (Chief Operational Officer) is behind numerous projects around marketing, sales, and logistics areas. He is talented in business planning and project management. George Khmaladze (Chief Financial Officer) is currently a professor and lecturer at Georgian Technical University. He is an important figure in Georgia, having served director and chairman in various organizations in his country. In the board of advisers, we can find Karan Khemani, CEO of Spectre, Miguel Palencia, Chief Information Officer at Qtum Foundation and Andri Matiukhin, Chief Technical Director at Hacken among others. Overall, the Ambit team consists of professionals with years of experience in the mining scene. A big portion of the initial team is native Georgian, acknowledging the benefits of the grounds they live in. Verdict Mining is a crucial part of most blockchain-based technology companies. The more companies adopting distributed ledger technology, the more mining will be required. Ambit offers its services as a solution to this problem, with specified facilities and reduced mining costs. Indeed, Ambit has favorable synergies that could be very beneficial for someone looking at mining seriously. Within its years of operation, Ambit has managed already to create a 1 MW diversified mining facility in Tbilisi where its based. This facility has managed to achieve 100% ROI in five months. This indicates that the operation is up and running, proving it can grow, provided that the terminals are put into place and running. Having the whole of the investment concentrated on one spot means that the service team will be able to respond very fast in case something goes wrong. Ambit plans to grow its operation to 20 MW through this project, having mining enthusiasts on their side and the support of the high-end technology manufacturers affiliatedwith the company. While mining is very important for most blockchain-platforms, there is a new wave of decentralized distributed ledgers that have a pre-established number of tokens, pre-mined and they use variations of the PoW protocol, eliminating the need for miners. Risks From an investors perspective, the following facts are important to consider when weighing Ambit Mining: While Georgia may be friendly to mining at the moment, it still is a very expensive and energy-consuming sport that might be changed or even faded away in the future. -1.5 Mining nowadays is not as easy and profiting as it was during the golden days of the blockchain. Major mining companies have already established plants that work for years, having a standard client database. Ambit Mining will have to work hard to attract new investors into their network. Even with the lowest prices of the market, that is a challenge. -2 In general, mining facilities are extremely vulnerable to natural disasters, and that does not exclude Ambit Mining from the list. For an example, an earthquake can be devastating for the company itself as the whole operation is relying on a single geo-location. -1 Ambit Minings native token, AMBT, does not offer anything out of the box, as there are infinite options already doing what AMBT is created to do. -2.5 Growth Opportunity On the other hand, if considered seriously and programmed with technical craftsmanship, mining can be still one of the most profiting sub-sectors of blockchain technology. Ambit Mining seems to understand the specific market well with a series of transparency reports backing this fact. +2.5 Finding cheap operational fees in the sector is not a walk in the park. Whether Ambit Mining has chosen Georgia as their base due to the fact that it is their home country or the fact that it has cheap taxes, and electricity fees, it is one of their best key points for the moment. +3 Unlike most mining plants that are decentrally centralized, keeping almost half of the total token supply for the company, Ambit Mining is in position to share 85% of the total token supply with the community. +4 $0.5 per AMBT or any other token with a logical total token supply is more than just fair and it could bring an easy x4 to x5 just after the token enters the mainstream markets. +2.5 Disposition Ambit Mining could be a profitable model for ICO investors or even blockchain investors, but we should consider the fact that mining will have to eventually upscale its model into a less consuming, energy-efficient platform. The company, as well as the team, look really promising and wise on the sector, although relying your whole business plan on a single country, on a single location could lead to unpleasant surprises in the future. A score of5out of 10is reserved for Ambit Mining, based on present facts. Investment Details Type: Crowdsale Symbol: AMBT Platform: Ethereum Pre-Sale: Apr. 20, 2018 Public Sale: May 10, 2018 PaymentsAccepted:ETH, BTC (KYC Required) Official Website White Paper Disclaimer: The writer has no position in Ambit Mining at the time of writing. Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Ross Peili 3.1 stars on average, based on 7 rated posts Follow @HackedCom Feedback or Requests? Continue Reading ICO ICO Analysis: CoinJanitor Published 20 hours ago on April 21, 2018 By noahsayres There are more than 4,500 crypto assets of some sort in circulation. // -- Discuss and ask questions in our community on Workplace. Yet many of them are functionally dead. This is problematic for both the owners of these dead tokens and the cryptocurrency markets at large. For the owners of the dead coins, the issue is that they cannot recover the value locked in either a token and/or network that doesnt allow them to trade for anything else. Meanwhile, cryptocurrency markets themselves suffer from the dilution of capital, resources and reputation issues due to the sheer number of unusable coins. // -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- // CoinJanitor aims to solve these issues by taking over failed projects and exchanging the associated failed tokens with that of its native Janitor token (JAN). Their plan is to burn all failed project tokens they receive. Through this approach, they posit that value will be restored to individual users who can then sell or trade their CoinJanitor tokens for other cryptocurrencies. An additional benefit will also come to the community via the recycling of codebases and project assets. The project is premised on the belief that by reducing resource dilution in the overall cryptocurrency market, CoinJanitor will contribute to the network effect of truly functional coins, more effectively leverage fragmented communities, and implement mechanisms for the recycling of spent resources back into future projects. As a result of this valuable market service, CoinJanitor proposes that it will also benefit from its own network effect and create a highly engaged, loyal community of coin holders working towards the improvement of utility and value in the crypto economy. Token According to their own whitepaper, CoinJanitor tokens will be a deflationary asset with an increasing community and reach, which should push prices up and give us more comfortable terms to buy out subsequent failed projects. Therefore, users of the first projects that we buy out will enjoy a double benefit. They will receive relatively more CoinJanitor tokens for their locked value, and as CoinJanitor proceeds to buy out the next projects, the value and the price of the CoinJanitor tokens they hold, should increase accordingly. The hope for CoinJanitor is that this economic incentive will create enough interest to speed up the achievement of their stated goal of buying out 3 dead or failed coins within the first 2 months of operations. From that point forward, they believe the pace should accelerate since they would be able to prove the viability of the project, gather more users under the CoinJanitor umbrella, and generate more demand from dead or failed coin holders. In theory this is a coin whose very business model and inherent token economics should lead to exponential growth for long-term holders if implemented correctly. There will be a total of 100,000,000 JAN tokens generated in the ICO.Token distribution is as follows: 50% of all tokens will be sold in the open market to fund the project and all operations. 30% of the coins will be held by the CoinJanitor project to buy out dead or failed coins. According to the whitepaper, CoinJanitor will only use the tokens it issued to buy dead coin holders out. 5% CoinJanitor Partners 5% Bounty Program 10% Founders, Team and Future Employees Their whitepaper states that all CoinJanitor tokens not sold during the public sale will be airdropped proportionally to contributors. This airdrop will importantly EXCLUDE CoinJanitor team members and the CoinJanitor reserve. Team This appears to be a highly qualified team. CEO: Marc Kenigsberg Marc has been involved in Bitcoin since 2013 and has 18 years experience in online marketing. He was one of the worlds largest cryptocurrency affiliates and the founder of BlockSmarter and Bitcoin Chaser. Marc is one of the worlds leading ICO advisors and works with various ICOs and blockchain businesses. He is a regular speaker at conferences around the world and a contributor to leading industry publications. CTO: Asaf Yosifov Head of Innovation at Titanium Technologies, a leading R&D, and Innovation company. Asaf has 16 years of experience developing software and leading R&D teams in industries such as education, gaming, telecom, finance, and travel. Biz Dev: Tzahi Kanza CEO of Titanium Technologies, a leading R&D, and Innovation company. Tzahi has 17 years of experience managing global companies. He is an expert in start-up management, Blockchain, strategic planning and international business activity. CMO: Tzvi Shishler CEO of 4KingMedia, a leading Crypto Media company. Tzvi has extensive marketing experience in the disruptive online space and has been involved in Bitcoin and Crypto marketing from the beginning. CIO: Theo Morgan-Somers CEO of CryptoBuild, a financial technology company producing trading platforms for cryptocurrency. Theo has a marketing background but moved into investment and information analysis for DLT in 2015. Steven Gleiser, Economic Architect Steven first came across Bitcoin in 2013, looking at hedging opportunities in forex. He has been studying Bitcoin and other cryptocurrencies ever since, moving into the field as an analyst on a full-time basis 2 and a half years ago. Verdict In the eyes of this analyst, CoinJanitor looks like a fascinating and incredibly useful project. They have a detailed multi-year operational plan that considers the use of all resources in great detail within their white paper, with logical explanations for everything they want to spend money on. When combined with the extremely friendly ICO price relative to the total token supply, the basic deflationary economics of the project, and fact that they are the only project attempting something like this gives me great confidence that this could be highly successful going forward. Risks Unprecedented project goals. This makes it harder to define what long-term success would look truly look like. With no existing similar projects to compare to it, CoinJanitor has both the blessing and the curse of having a first mover advantage. -2.5 The project could suffer from malicious opportunists who could attempt pump and dump or mining attacks on the coins that CoinJanitor attempts to recycle. -3 Growth Potential Incredibly low token supply means it will not take a lot of capital inflows to pump up the price +3 The coin is deflationary with a small and finite supply. Paradoxically, the more dead projects CoinJanitor absorbs, the more valuable their native token will become. +4.5 Highly qualified and experienced team +3.5 Disposition We are left with a score of 6.5 out of 10 for CoinJanitor. This analyst believes this to be a potentially fantastic investment, especially as a long-term play. Investment Details Token Type: Utility Platform: Ethereum Symbol: JAN ICO Price: One JAN= 0.16 USD Token Supply: 100,000,000 Hard Cap: $7,5,000,000 USD Public Sale: May 1st-May 31st Jurisdictions Barred From Participating: TBD Website: https://www.coinjanitor.io/ Whitepaper: e-Paper-v4.5.pdf Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... noahsayres 5 stars on average, based on 2 rated posts Follow @HackedCom Feedback or Requests? Continue Reading ICO ICO Analysis: ImmVRse Published 2 days ago on April 20, 2018 By Alex Moskov ImmVRse is a blockchain-based virtual reality (VR) and augmented reality (AR) video sharing and hiring platform. Similar to YouTube, the platform allows you to like, comment, and share videos with other users but also connects creators with those who need their services (e.g. brands and advertisers). The combined VR/AR market targeted by the team is projected to reach $162 billion by 2020. // -- Discuss and ask questions in our community on Workplace. VR/AR Industry Problems Because the VR/AR space is still relatively young, there are numerous roadblocks inhibiting its growth. Primarily, content creators are spread across platforms because theres no dominant space for them to publish their work. As a brand or advertiser, this makes it difficult to connect with quality video producers. Additionally, many of the companies that are dedicated to AR/VR video sharing are highly centralized and limit who they allow to use their platform. Another hindrance to the growth of this market is the difficulty to generate revenue. Several countries have strict legislation revolving around payments, especially in overseas transactions. This, in combination with the oversaturation of video on traditional platforms, prevents quality AR/VR creators from expanding. // -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- // ImmVRse Solutions ImmVRse is tackling all of these problems head-on. The team is not only building a sharing platform but a community as well. They want users to interact heavily with one another to help foster a supportive AR/VR ecosystem. To prevent restrictions on membership and content, ImmVRse uses Ethereum smart contracts for the peer-to-peer aspect of the platform. The entire jobs matching process, from inquiry to publication, is decentralized without any intermediary control. As with most other platforms implementing cryptocurrency, a large function of blockchain for ImmVRse is in their payments system. Users give and receive payments using the projects ERC20 token, IMV. Additionally, normal viewers who interact with the platform are rewarded with IMV as well. This opens up the platform to people in countries with prohibitive legislation and/or limited financial infrastructure. Finally, ImmVRse provides a unique solution to the revenue problems mentioned earlier. Because its an AR/VR dedicated platform, brands and advertisers are able to easily find the AR/VR talent theyre looking to hire for content production. One thing that stands out in the revenue model, though, is that high-value creators need to pay a monthly subscription to maintain a premium status on ImmVRse. This seems odd because theyre the driving force behind the platform. However, if the leads and value they receive from keeping their status are high enough, this may be a non-issue. Token The ImmVRse team is currently preparing for their token crowdsale but have a pre-sale announcement on May 15. No other dates have been announced yet, but the whitepaper states that the token sale will last for 6 to 8 weeks. During the ICO, the team will mint a maximum supply of 300 million IMV with no additional token creation after. IMVs are ERC20 tokens, so you can use any standard ERC20 wallet to participate in the ICO. IMV tokens will cost $0.20 with discounts to early contributors and pre-ICO participants. During the pre-ICO, tokens will have a 20% discount while early contributors can receive an additional 10% discount. The IMV token distribution is more centralized than most other projects with only one-third going to crowdsale participants. The distribution is as follows: 53% ImmVRse 33% ICO participants 10% Team and advisors 4% Rewards and bounties Creating even more centralization, only 60% of the crowdsale tokens are slotted for the public crowdsale. The remaining 40% will be distributed among private investors and pre-ICO participants. The crowdsale has a hard cap of $20 million. Team The ImmVRse team is headquartered in London and led by co-founders Farabi Shayor and Limon Rahman. Shayor has two and a half years of VR production experience alongside proficiency in Solidity development. Rahman is a seasoned entrepreneur with 14 years of financial control and management experience. Together they form a yin (product) and yang (business) combination thats great to see in a founding team. Unfortunately, the rest of the team is lacking in both AR/VR and blockchain experience. Although the technologies are new, it wouldve been nice to see a few team members with related projects under their belt. On a positive note, the team has a solid advisory board that should be able to help with any gaps in their knowledge base. Verdict The ImmVRse team is building a platform to highlight AR/VR content creators and connect them with companies looking for their services. Theyre attempting to solve some of the biggest growth problems in the video space now: censorship and profitability. Although the majority of team members dont have ample experience in key areas, the co-founders and advisory board should be able to carry them through. However, with so much of the platform revolving around quality content creation, ImmVRses decision to charge content creators for premium status may end up hurting them in the long run. Risks New market. The demand for AR/VR content is still yet to be proven. Its entirely possible that the need for this type of video is still multiple years away. Remember 3D televisions? (-1) Reliance on creators. Without happy creators, the platform has no value. Charging them for a premium status is starting off on the wrong foot. (-2) Terrible token distribution. Even if the platform becomes wildly successful, ImmVRse can just release more tokens into the ecosystem to keep the price at a reasonable level. (-3) Growth Potential Emerging market. Yes, I know I put the market as a risk, but theres huge growth potential here as well. AR/VR content has a multitude of use-cases and this market could end up being gigantic. (+5) Supportive advisers. Any expertise that the team is missing is filled in by some member of their advisory board. (+3) Multiple revenue streams. Advertising, job completion fees, creator monthly subscriptions, and numerous other things theres plenty of ways for the platform to make money. (+4) Disposition ImmVRse receives a respectable 6 out of 10. The platform is highly dependent on an industry that hasnt really broken ground yet. If AR/VR adoption is still far outside of the horizon, it may be years before ImmVRse shows value too long for a young project to survive. However, an AR/VR market boom could position ImmVRse to be the next big media platform to take the world by storm. Investment Details The ImmVRse team hasnt released any important investment details, but you can stay up-to-date with their announcements here. Symbol: IMV Platform: Ethereum Public Sale Start: N/A Price: 1 IMV = $0.20 U.S. Hard Cap: $20 million Minimum Investment: $50 U.S. Payments Accepted: ETH Jurisdictions Barred from Participation: United States Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Alex Moskov 4.5 stars on average, based on 14 rated postsAlex Moskov is a writer and entrepreneur with a passion for building and creating awesome things. Alex has experience in music tech startups, digital marketing, and cryptocurrency investing. Follow @HackedCom Feedback or Requests? Continue Reading Recent Commentsembersburnbrightly on Technical Analysis: Bitcoin Tests $9000 as Altcoins Pull Back after Strong Rallyidm2000 on Bithumb to Launch ICO in Singapore Later This YearBossa on One Week With Live Streaming and I Ended Up With 13 500 USD in ProfitKiril Nikolaev on Trade Recommendation: Bytecoin/MoneroJochem50 on Trade Recommendation: Bytecoin/Monero Bitcoin:$25,000 By Year End? Technical Analysis: Bitcoin Tests $9000 as Altcoin... 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to bring the Wall Street package into the cryptocurrency space taking Private Asset Management to a new level. News that investors could now access Investment Managers worldwide through the Genesis Vision blockchain network has played a key role in the uptake of cryptocurrencies into Financial markets. The Genesis Vision (GVT) platform is one of a kind and has managed to identify an important niche between investors and investment managers within the crypto arena. A platform that enhances transparency has always been the ideal for investors; Genesis Vision brings this to its users by displaying Investment Managers profile to potential investors within the network. The managers who act as advisors were allocated tokens during the launch and gradually based on their past investment history. “The most important thing is to find balance. There’s also a method of giving out tokens for free. I don’t think that this practice should be directed towards individual investors, but to groups of early investors or advisors,” – Dmitry Nazarov, CTO of Genesis Vision Since GVT’s ICO investors can bid to invest in Managers, coin within the network or actively trade through a broker who is authorized to actively trade in Financial markets. Genesis Vision has brought the concept of Professional Asset Management into the crypto arena which is a key step in reducing the volatility associated with crypto investments. Managers coins which are associated with a specific value are in turn invested on behalf of investors in various Financial Instruments which can be other digital coins. Genesis Vision (GVT) tokens that are used to transact in the platform are currently traded in major exchanges such as coinmarketcap. The simple concept of choosing from a group of managers coins’ and an option of liquidating for a different manager within the network create a competitive environment that better investor choice. A relief for investors at last, now one will not have to go through Financial Intermediaries that have long exploited investors through management fees. The digital coin goes an extra mile to save the daily transaction costs that are charged every day cutting Investors’ profits by over 20% in some exchanges. The law of demand and supply is the key pillar in assessment of Managers within the platform hence the value of a Managers’ coin against GVT is set to distinguish good and bad investments. Genesis Vision token price has behaved quite well given the volatile nature of cryptocurrencies since its launch in November 2017. I would say that the altcoin has performed well so far for a cryptocurrency that has been around for only 4 months with less than 4,000,000 GVT circulating. Given the solution that GVT brings to Private Asset Management it is expected that more investors who have in the past had agency problems would be potential investors of this transparent platform. The market will see an increase in the demand of Genesis Vision tokens as more awareness is generated in the Financial markets pushing the price of one GVT token to over $ 50 within the next six months. Currently ranked 146th the coin has not shied away from showing potential in its price which stands at $ 27.81 as of press date. Fundamentals of the working product have set a bullish trend for the cryptocurrency which has risen by over 100% within February 2018. As is the norm with most altcoins, Genesis Vision (GVT) has been quite volatile since its launch hitting highs of $42 in December 2017 and going for as low as $8.86 in early February 2018. However, the lucrative Asset Management coin enjoys a significant market cap of $ 103,174,811. Follow us on Instagram | Twitter | Facebook Lujan Odera is an expert in blockchain technology and cryptocurrencies. He holds a bachelor’s degree in Financial Economics from Strathmore Business School. Lujan is well equipped in asset pricing and data analysis and has been working with various cryptocurrencies for the past three years amursing vast knowledge and experience. The writer focuses on the technicals analysis of cryptos and how their development aids to change the world in the future. To Get Updates and Exclusive Report, Enter Your E-mail Below. To Get Updates and Exclusive Report, Enter Your E-mail Below. Input your search keywords and press Enter.

exchange (forex), derivatives, and cryptocurrency markets, today announces certification of theGenesis VisionInitial Coin Offering (ICO). ICO Certification Process Following Genesis Visions voluntary application for ICO certification with Financial Commission, a rigorous review of its planned ICO including its business and proposed platform was conducted to determined if it met set of requirements established by Financial Commissions newly formed Initial Coin Offering Certification Committee (ICC) division. During the due diligence phase of Financial Commissions ICO certification evaluation process, over 150 important points were checked across categories including those set forth in Financial Commissionscertification guidelinesfor ICO applicants. ICC Driven and Industry Standards Financial Commissions ICC consists of a panel of Financial Services (Finserv) and Financial Technology (Fintech) experts with backgrounds across multiple asset classes including foreign exchange, cryptocurrency markets, and digital Blockchain assets, who volunteer to help drive the certification standards and protocols, as part of the ICO Certification service. Commenting on the Genesis Vision certification, Financial Commission Chairman, Peter Tatarnikov, said: I would like to congratulate Genesis Vision on their successful ICO certification with Financial Commission and wish them all the best with the Genesis Vision project. I am also glad to see that ICC, a newly formed division within our organization was able to contribute to help meet the pressing need of developing minimum industry standards while helping ICO applicants and the broader marketplace. Our standards for ICO certification are new, yet are evolving quickly and alongside other recently formalized efforts including the ERC20 standard for Ethereum, and best practices issued by Consensys for smart contracts, a framework has been established for helping applicants demonstrate compliance while determining if they are capable of obtaining certification. Genesis Vision will unite exchanges, brokers, traders, and investors into a decentralized, open and fair network, making the financial market even more global. The Genesis Vision platform combines Blockchain technology and smart contracts to allow successful traders to rapidly scale their trading strategies by attracting investments from around the world. The Genesis Vision platform aims to provide an automated and absolutely transparent system for investment and profit distribution while helping to solve industry challenges that market participants face with existing platforms. GVT is an internal currency of the platform and will be used to establish and settle transactions made on Genesis Vision. The official website ishttps://Genesis.Visionwhich contains the projects white paper and details about the GVT Pre-Sale that is scheduled to start on Sep 15 09:00 UTC, as well as the planned Genesis Vision ICO start date. Founded in 2013, Financial Commission is an industry-supported Self-Regulatory Organization (SRO) whose members join on a voluntary basis, subject to approval and strict adherence tomembership rules, to maintain good standing. Financial Commission provides efficient compliance solutions to its members, alongside its External Dispute Resolution (EDR) mechanism that serves as an effective channel for processing complaints from clients of member firms. The ICO Certification service will be initially offered out of Financial Commissions St. Vincent and the Grenadines (SVG) entity, FinaCom Ltd. To learn more about Financial Commissions technology certification services, including the ICO Certification service for Fintech companies,click hereor visithttps://FinancialCommission.org Founder of industry publicationBlockchain News, partner at ICO services collectiveCryptoAsset Design Group(helped raise over $200m+), director of education companyBlockchain Partners(Oracle Partner) and ICO event organiser at leading industry event CryptoFinancing(first ICO event in Europe) -RichardKasteleinis an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and haswritten over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs inHarvard Business ReviewandVenturebeat. Kasteleinhas spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive. He is a Canadian (Dutch/Irish/English/Mtis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart,Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

https://www.binance.com/register.html...Secure your coins with a hardware wallet! Get the Ledger Nano S https://www.ledgerwallet.com/r/6877Follow me on https://steemit.com/@larksongbirdFollow me on https://twitter.com/TheCryptoLarkFollow me on https://www.facebook.com/TheCryptoLark/Get 3% off on Genesis Mining - nBiS6j Mine Bitcoin on Hashflare https://hashflare.io/r/4B0EA9ABuy Cloudmining for Litecoin, Bcash, and Bitcoinhttps://pool.viabtc.com/?r=107641Donations are always appreciatedBTC -- 1PDmGdhHrPnJSxoBDTSSVGrvpXvfWWFDz2LTC -- LguhPERjTXenBqe5gjaKgJn9CHZmP4AJKwDash -- XfKcrjBEYyWypNLgZzPtQvwfWWAG9MaZArNEM -- NBRQ2T-I5IYFD-V7RGL4-R3LYIQ-BBO4Z6-ESFGC5-MCLDNAV - Nbouc8cE38LQTMcnAb7oa7J8rqjKrNcxcYPIVX - DGpxDCjbj6gPChcAi56qXM24qVrCWHpKu8Ethereum -- 0x18BC5a79872115d9b774233A2011b10Ab302Ad24ANY ERC-20 Tokens (I.E. PAY or OMG) 0x468cB54a3821d8b0129C42Ea6ADf12748d97fD98Disclaimer: Everything expressed here is my opinion and not official investment advice - please do your own research before risking your own money! Thanks for watching!Please like, subscribe, and share if you found this useful!Questions or comments please e-mail thecryptolark@gmail.com

the status quo, another part is a desire to not see the rich keep getting richer, and finally, people are sick of getting ripped off.No industry is more of a target for this disruption than the traditional finance networks. Acting as middlemen on nearly everything, big banks and other institutions have been able to collect massive amounts of money for a long period of time with few threats to their business.Genesis Vision is a company that aims to change this. There is clearly a very profitable opportunity for any firm that can bridge the gap between the blockchain and traditional finance networks.An ERC20 standard token launched in November 2017 with a very successful ICO, the company has been working hard to bring on new managers, brokers, exchanges, and traders to their network. Their core mission, if you had to distill it down to one thing, is to bring professional asset management to the blockchain.The private trust management market has been without disruptors for a while, but there are many problems that Genesis Vision seeks to solved. For example, investors currently have little ability to verify their returns, since they are merely provided with statistics rather than transaction information.Blockchains are built with transparency in mind and fraud would become virtually impossible once companies had moved their asset management to the area. An unspoken aspect to this is that blockchains are also censorship resistant, and it would be much harder for governments to control or prevent certain investments.The decentralized platform depends on its token, GVT, which is a utility token that is used to manage all investment operations, profit distributions, and the exchanges of manager tokens.Each manager using Genesis Vision can issue their own cryptocurrency to sell to investors, and these tokens are bought using GVT. The entire platform is built on the idea of using tokenized investments in managed funds. These tokens are easily convertible, and therefore much more liquid than private trust investments normally are.Most of all, Genesis Vision takes a minimal management fee, which is a welcome change to the massive middleman fees involved in managing and using large money managers through regular financial institutions.The investment case in GVT is simple. The market capitalization is directly connected to the assets under management, and assets under management is continuing to go up. Although the exact number of managers on the platform is not public, it is clear that more managers are joining.GVT is essentially an asset backed currency, except the assets are funds bought with GVT. The price has dropped to a low of $3.73 USD, which makes this a perfect time to buy before the market turns and investors see the value in betting on an asset-backed currency.Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.Market Plunge Shakes Up Bitcoin Cash (BCH); Satoshi Vision (BSV) Takes Fifth Largest CapStellar Price Analysis: XLM/USD Bears Tear Through Critical Support You must be logged in to post a comment Login The recent 51% on Ethereum Classic (ETC) reminded the crypto community that even in a decentralized world, centralization can still be bought for the right price.Indeed, according to independent data from Crypto51.app, the entire Ethereum Classic network can be controlled for an outlay of just $4,814 per hour. That level of insecurity might make one question how ETC ever made it to Coinbase, which in the past has been so eager to play it safe regarding its coin listings.U.C Berkeley professor, and self-professed crypto skeptic, Nicholas Weaver recently said in The Verge that any coin with such a low attack cost should be considered too risky for public consumption:“Any coin not burning $100,000 per hour should probably be considered insecure in the face of attackers, and should not be supported by any exchange. That Coinbase supported a coin that has just $5,000 per hour of protection is negligence.”The Ethereum Classic heist eventually lead to the theft of over $1 million in coins. And now attention may be turning to other prominent cryptocurrencies which can be hijacked for even less than the $4,814 it took to control ETC.According to the same statistics which display ETC’s vulnerabilities, over 51% of the Dash network can also be bought for just a few thousand dollars. It would currently require $3,014 per hour to control 74% of the the Dash network via Nicehash – a crypto cloud-mining marketplace.Going back to Ethereum Classic, it’s interesting to note that Coinbase currently requires 50 confirmations for ETC transactions, which equals roughly ten minutes, based on 14 second block times. This acts as a failsafe against any catastrophes, assuming they’re noticed in time.Likewise, despite Dash’s InstantSend feature, many exchanges still prefer to wait for fifty confirmations for Dash transactions, essentially undercutting one of the prime features of the technology.With Coinbase coming under so much negative press from the Ethereum Classic fallout, will they be likely to opt for another similarly risky proposition in the near future?Another current Coinbase listee, Zcash (ZEC), also has the indignity of appearing on Crypto51’s ‘cheap’ list. The ZEC network can currently be controlled for $18,350 per hour, but fortunately only 7% of the mining power can be bought via Nicehash, meaning an attacker would have to round up more network resources from other sources.Also on the list is Bytecoin (BCN) – 51% of which can be acquired for just $237 per hour. Also available for the surprisingly low cost of just $5,772 per hour is Monero (XMR). However the mining power is distributed enough so that only 6% is available via Nicehash.The Dash coin price paid little heed to such concerns on Wednesday, as it climbed 7% from $81.05 to $87.30.With or without Coinbase, Dash averaged daily volumes of $120 million for the past month, and the team continues its adoption push through South America.Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.The cryptocurrency segment saw yet another rally attempt yesterday, but despite the new highs in the likes of Litecoin, Tron, and Binance Coin, the top coins failed to join the rally and the momentum of the move is suspicious. With none of the top 5 coins making meaningful progress, the total value of the marker is little changed, and for now, we are not seeing the buying pressure of the late-December move.The weakening momentum and the still overwhelmingly bearish long-term picture justified several short-term downgrades in our trend model, and even though the counter-trend move could still continue, until we observe signs of technical strength, traders should be defensive towards the segment. With the negative long-term forces still being dominant, at least a test of the bear market lows is likely, even if a broader bottoming process is already underway.Bitcoin continues to trade near the $4000-$4050 resistance zone, as although the rally attempts failed in the most valuable coin, it remains stable holding up well above the key support level near $3600 and the short-term trendline that is currently found near $3850.That said, with no meaningful bullish momentum present, and with the negative long-term picture in mind, BTC is now more vulnerable to a selloff, since the oversold long-term momentum readings are now cleared. Above the primary zone, further resistance is ahead near $4450 and between $5000 and $5050, while support below the key $3600 level is found near $3250 and $3000.Despite an intraday bounce, Ethereum continues to be stuck in a short-term consolidation pattern and given the weakening momentum and the coin’s relative weakness, the counter-trend move could already be over, or a deeper pullback might be ahead. With that in mind, traders should stay away from entering new positions here.A move above $160, towards the $180 level is still possible, but in light of the long-term trend, bearish risks are quickly increasing. Initial short-term support is found near $145, with further zones still found near $130, $120, and between $95 and $100, while resistance above $180 is ahead near $200.Litecoin experienced two failed momentum moves in the past few days, and due to the clearly weakening momentum, the coin is now only on a neutral short-term trend signal. The oversold long-term readings are also cleared, and although there is no technical evidence that a new short-term downtrend given the bearish long-term setup, traders shouldn’t enter new positions here.The coin topped out above the $40 level, while respecting the broad declining trendline, and all eyes are now on the $38 support/resistance level, with further support found near $34.50 and between $30 and $30.50, and with another strong resistance zone ahead near $44.The technical position has been unchanged for Ripple in recent days, and the coin is trading in a very narrow range between the $0.3550 and $0.3750 levels, still showing relative weakness compared to the leaders of the counter-trend move and its main peers as well.XRP is still on a neutral short-term and a bearish long-term trend signal with the key long-term resistance zone between $0.42 and $0.46 being out of reach, for now, and with further support found near $0.32 and $0.30.While EOS bounced higher together with the broader market in December, it never triggered a buy signal in our trend model due to its persistent technical weakness. The coin entered a volatility compression pattern since then, and although it held up well during the pullbacks, the $3 level proved strong for bulls.A sustained move above the key level would trigger a buy signal, but given the market-wide weakness in momentum, traders should still stay away from the coin, especially given the bleak long-term picture, with short-term support found near $2.675 and $2.50, and further resistance ahead near $3.20 and $3.50.Disclaimer:  The analyst owns cryptocurrencies. He holds investment positions in the coins, but doesn’t engage in short-term or day-trading, nor does he hold short positions on any of the coins.I remember one of the first terms I learned in economics class was “complementary goods”. If one thing was bought that meant that the other would be in higher demand as well. In terms of investing, this tells you that investing in breathalyzers which can detect marijuana would be a smart move, or any other “cottage industry” to the medical marijuana rush.But in terms of blockchain, it helps to figure out a way to make money on the trading industry, without becoming a trader yourself. One way to do this is to find a token that is tied to a trading exchange.As a budding cryptocurrency exchange, Cryptopia has a lot of work to do. It also has clearly not been a good year for the cryptocurrency industry. However, Dotcoin (DOT) functions as the utility token to Cryptopia and could prove to be a good way to benefit from a comeback in cryptocurrencies. If the comeback occurs, trading would likely increase, as would the demand for DOT.DOT is used to pay for coin listing fees and is how Cryptopia covers referral fees to traders. The requirement for listing fees to be paid means that during a crypto boom, when there are projects aplenty, something like DOT would be in high demand. The same thing applies to referral fees. Nobody is referring friends to join exchanges in a down period, so this is more likely to change when crypto hits the news again.With over 2 million users as of the time of writing this, Cryptopia is a mid-sized exchange with not a lot setting it apart. To put it in perspective, I have only ever used Cryptopia to purchase DOT. That isn’t a “red flag in itself, but as a trader, you can actually use past experience to decide how likely it is that many traders will move to a different exchange.In the end, so many companies (and especially trading exchanges) depend on network effects for their growth. For each new customer, it becomes slightly easier to attract another one. This applies to all exchanges though, and some of the biggest exchanges have been able to lower fees or offer deeper liquidity pools as a result of their larger user base.As an internal utility token, you are essentially making a bet on the platform. Currently trading around 150 satoshis, DOT has been running flat for a while. This makes it a low volatility bet with high potential upside. Previous resistance levels have been around 300 satoshis (with an all-time high at 650-ish).As a utility token that is inextricably tied to a single exchange, it is almost for sure that it will spike again in the future. This is because a certain “price floor” exists on these sort of tokens which is hard to escape. That isn’t to say a return is guaranteed (this is a low market capitalization coin, after all), but more that there is more upside potential than downside risk.Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com.Why Investors Should be Paying Attention to Cardano in 2019Bitcoin Will Reach New Record High in 2019, XRP Could Compete with SWIFT: Weiss RatingsWill Ethereum Continue Rally Ahead Of Constantinople Hard Fork?Ethereum Price Analysis: ETH/USD is Well Supported for Another Bull RunDarkOverlord Hacker Group Demands Bitcoin Ransom or 9/11 ‘Truth’ Will be RevealedXRP Price Analysis: XRP/USD Sleeping Bulls Should Be Waking up ShortlyStellar-Based Repo Coin Hits 1,437% Growth on as REPO/XLM SoarsPrice Prediction: Ethereum Relaxes on Its Journey to Constantinople

exchanges can work together and interact. It overcomes the current problem of a lack of information with smart contracts and blockchain technologies, along with the issues of a lack of transparency and no trust as a result.Within Genesis Vision, every trust manager uses their own cryptocurrency used to attract investment. The team’s clear vision and the platform’s scalability should help it stand out from other blockchain offerings.As mentioned, the main issues that Genesis Vision aims to address are the lack of information, transparency, and trust in the world of trust management. Although the industry grows at a steady rate, the current mechanisms for trust management still fail to meet the requirements of modern managers and investors. Managers are tied with their exchanges or brokers, meaning their investors are, as well. At the same time, there simply isn’t any reliable source of statistics and information in a single, consolidated location. Because of the lack of information, investors have limited choices, and managers find it challenging to get new funds from investors.This is made even worse by the lack of transparency. After all, brokers have technical skills to influence the data related to statistics and trade history for managers, and investors have no way to see what of this information and history is real. Furthermore, the entire process of investing and distributing commissions and profits occurs within trading platforms in a way that market participants do not have access to.All these issues have led to the possibility of fraudulent activities, such as Ponzi schemes, with the fraudsters using the complicated nature of the system and its lack of transparency to their advantage. The reaction, tightening regulations, makes it even harder for trust managers to get licenses, hurting all parties involved.Between decentralization, smart contracts, and blockchain technology, Genesis Vision has multiple pieces of technology in play to help resolve the issues mentioned above. The blockchain tech delivers openness, censorship resistance, and immutability of information. The smart contracts further ensure openness and transparency.The setup of Genesis Vision allows it to benefit everyone involved in trust management. The investors can connect with all financial instruments and managers for a range of options. This platform essentially gives investors the option to access managers from anywhere in the world. Before choosing a manager, investors can easily view the statistics and trading history of that manager, both of which are reliable and in a single location. There are also no issues of trust thanks to the transparent investments and distribution of profit. Investors can even invest in both fiat and cryptocurrencies. There is also added liquidity since investment comes via buying a cryptocurrency that investors can then sell whenever they want.Managers get to brand their own cryptocurrency and take advantage of unlimited scaling for their trading strategy. They also get to utilize investments from the Genesis Vision fund. Brokers will see an increase in trading volume and enjoy completely free participation. All the software is also open source, making it free to use and transparent to understand.Every manager has a unique cryptocurrency with the issue amount depending on the success indicators of trading. This way, when you make better trades, you can attract more investments. There is an internal exchange where investors can exchange their crypto tokens at any point they want, including between reports from the manager. This lets investors build and follow their own strategies for investment.When a trader chooses to invest in a manager’s vision, they will simply buy that manager’s cryptocurrency using the internal exchange. Managers will not see any differences to their regular trading processes, and the trader will still operate either with a convenient broker or on the exchange.Genesis Vision appeals to investors with all levels of experience since it lets you create your own investment strategy if you want. If you choose, just visit the internal exchange and buy the crypto tokens associated with the manager of your choice. If you prefer, you can explore the Genesis Vision investment portfolios generated by artificial intelligence, which include a vast array of options.GVT is the token for the Genesis Vision platform and will be a core part of the ecosystem for the platform. It will be part of all investment operations and profit distributions. Due to the limited number of tokens and the lack of future issuance, GVT’s price will be based on its demand. During the ICO, each GVT was valued at $1 USD. GVT will also be used for the trading managers’ tokens within the platform’s internal exchange.The team behind Genesis Vision foresees the demand for GVT growing duet to the active client base, an increase in the trading volume of the network members, and the well-thought-out plan for marketing and development.As of the time of writing, you can trade GVT on several exchanges, including Etherdelta, Kucoin, HitBTC, and Binance.You are not able to purchase GVT with “Fiat” currency so you will need to first purchase another currency – the easiest to buy are Bitcoin or Ethereum which you can do at Coinbase using a bank transfer or debit / credit card purchase and then trade that for GVT at an exchange which lists the token. Read on to see how to purchase it.For first time buyers of crypto currency, we recommend that you use Coinbase to make your first purchase – its easy to use, fully regulated by the US government so you know it is one of the safest and most reputable places to purchase cryptocurrency from. Coinbase offers the ability to purchase Bitcoin, Litecoin and Ethereum with a credit or debit card or by sending a bank transfer. The fees are higher for cards but you will receive your currency instantly.You will have to carry out some identity verification when signing up as they have to adhere to strict financial guidelines.Make sure you use our link to signup you will be credited with $10 in free bitcoin when you make your first purchase of $100.To get started, click the “Sign up” button where you will be taken to a registration form where you will need to enter your name, email and choose a password.In Coinbase, visit the “Buy / Sell” tab at the top, select “Ethereum”, choose your payment method and enter the amount you wish to purchase – you can either enter a US Dollar amount or a number of Ether.You will then be asked to confirm your transaction, if paying with a card you might have to complete a verification with your card provider. Once that’s complete, your Ethererum will be added to your account.You can now send your Ether over to Binance to make your purchase of GVT, take a look at our review of Binance here to see how to signup and purchase on their exchange.There are 4,436,643 GVT tokens in total. 3,327,482 GVT were sold during the token sale. A further 11 percent of the total tokens, equal to 488,030, was reserved for the team and was frozen for a year. Another 5 percent, or 221,832 GVT, is reserved for the Genesis Vision Fund. Those tokens will no longer be frozen following the platform release, at which point they will be used to attract managers and stimulate their activities. There were also 33,274 GVT distributed as part of the Bounty Program, although Genesis Vision says that did not affect the price. Unsold tokens were burnt.Genesis Vision is a welcome addition to the trust management industry by answering issues of a lack of information, reliability, and trust. Its use of the blockchain technology should effectively resolve these issues while benefiting all parties involved.Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all.All content on Blockonomi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate.Your email address will not be published. Required fields are marked *Save my name, email, and website in this browser for the next time I comment.Follow us on social media & join our growing audience who get the latest News, ICOs, Crypto Reviews and Guides from Blockonomi.

trillion. In this booming environment, a game changer is ready to be launched: Genesis Vision. It’s the first platform for the private trust management market, built on Blockchain technology and smart contracts. The platform turns to crowdsourcing through an Initial Coin Offering (ICO) to support its development. The unconventional trust management system uses state-of-the-art scientific and technical knowledge to unite exchanges, brokers, traders, and investors into a decentralized, open and fair network, making the financial market even more global. Next Step in Financial Markets Evolution The ground-breaking platform offers the opportunity to successful traders to globalize their trading strategies by attracting investments from around the world, therefore allowing capital to skyrocket. Its transparency for investing and profit distribution is guaranteed by the smart contract technology that underlies the platform. Investment portfolios are available for any request, and extra security is provided as all managers have a real trading history.  As Ruslan Kamenskiy, CEO of Genesis Vision emphasizes, “Genesis Vision is the next step in Financial Markets evolution.” Moreover, the Financial Commission, an independent entity that certifies trading products and provides external dispute resolution services to the finance industry, has issued ICO certification to Genesis Vision. The announcement comes less than a month after the body announced it had established a committee tasked with the certification of initial coin offerings. The Genesis Vision ICO campaign will consist of two stages, an options program and a core ICO. The options program runs from September, 15, 2017, while the core ICO planned to run on October 15, 2017 and to end on November 16, 2017. There will be a total available supply of 44,000,000 tokens. 75% of this amount will be available for purchase during the ICO. Genesis Vision’s early investment program will take place in form of options sale, instead of traditional pre-ICO campaign. Options for the first 20% of the maximum options cap guarantee their holders a 30% bonus; the next 30% receive a 20% bonus, and the remaining 50% receive a 10% bonus. Option sale is already in progress. Genesis Vision has its own token:  GVT based on ERC20 Ethereum token standard. Its implementation corresponds to a widely distributed standard. This allows token holders to easily store and manage them using existing implementations of Ethereum wallets. GVT will be used for all investment operations, profit distributions, and managers’ token trading on the internal exchange. All tokens will be created during the ICO period. The number of tokens is limited, and the subsequent issuance of tokens is technically impossible. Unsold tokens during the ICO are burned. The GVT will be freely traded on crypto-exchanges. The company is founded by a highly experienced, well versed and specialized in financial markets team. They combine a cumulative experience of many years in addition to a thorough knowledge of the latest trends. This notorious team has partnered with several large industry representatives of hundreds of brokerage companies globally. The project started its life on November 20, 2016, when Ruslan Kamenskiy and Dmitry Nazarov won the HackRussia all-Russian hackathon in the nomination “Finance and Blockchain” with the Genesis Vision project.  Genesis Vision, is the first private trust management platform built on Blockchain technology and smart contracts, founded by a team of experts in this field. The platform aims at providing an automated and absolutely transparent system for investing and profit distribution. Disclaimer. This article is paid and provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. CoinIdol shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services mentioned in this article.

management market is growing rapidly every year. According to the Boston Consulting Group report Global Asset Management 2016, the total amount of funds in management is more than $70 trillion. In this booming environment, a game changer is ready to be launched: Genesis Vision. It’s the first platform for the private trust management market, built on Blockchain technology and smart contracts. The platform turns to crowdsourcing through an Initial Coin Offering (ICO) to support its development. The unconventional trust management system uses state-of-the-art scientific and technical knowledge to unite exchanges, brokers, traders, and investors into a decentralized, open and fair network, making the financial market even more global. Next Step in Financial Markets Evolution The ground-breaking platform offers the opportunity to successful traders to globalize their trading strategies by attracting investments from around the world, therefore allowing capital to skyrocket. Its transparency for investing and profit distribution is guaranteed by the smart contract technology that underlies the platform. Investment portfolios are available for any request, and extra security is provided as all managers have a real trading history.  As Ruslan Kamenskiy, CEO of Genesis Vision emphasizes, “Genesis Vision is the next step in Financial Markets evolution.” Moreover, the Financial Commission, an independent entity that certifies trading products and provides external dispute resolution services to the finance industry, has issued ICO certification to Genesis Vision. The announcement comes less than a month after the body announced it had established a committee tasked with the certification of initial coin offerings. The Genesis Vision ICO campaign will consist of two stages, an options program and a core ICO. The options program runs from September, 15, 2017, while the core ICO planned to run on October 15, 2017 and to end on November 16, 2017. There will be a total available supply of 44,000,000 tokens. 75% of this amount will be available for purchase during the ICO. Genesis Vision’s early investment program will take place in form of options sale, instead of traditional pre-ICO campaign. Options for the first 20% of the maximum options cap guarantee their holders a 30% bonus; the next 30% receive a 20% bonus, and the remaining 50% receive a 10% bonus. Option sale is already in progress. Genesis Vision has its own token:  GVT based on ERC20 Ethereum token standard. Its implementation corresponds to a widely distributed standard. This allows token holders to easily store and manage them using existing implementations of Ethereum wallets. GVT will be used for all investment operations, profit distributions, and managers’ token trading on the internal exchange. All tokens will be created during the ICO period. The number of tokens is limited, and the subsequent issuance of tokens is technically impossible. Unsold tokens during the ICO are burned. The GVT will be freely traded on crypto-exchanges. Genesis Vision was founded by a highly experienced, well versed and specialized in financial markets team. They combine a cumulative experience of many years in addition to a thorough knowledge of the latest trends. This notorious team has partnered with several large industry representatives of hundreds of brokerage companies globally. The project started its life on November 20, 2016, when Ruslan Kamenskiy and Dmitry Nazarov won the HackRussia all-Russian hackathon in the nomination “Finance and Blockchain” with the Genesis Vision project. Genesis Vision, is the first private trust management platform built on Blockchain technology and smart contracts, founded by a team of experts in this field. The platform aims at providing an automated and absolutely transparent system for investing and profit distribution. This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research. $.post('https://themerkle.com/wp-admin/admin-ajax.php', {action: 'mts_view_count', id: '39024'}); rcel.id = 'rc_' + Math.floor(Math.random() * 1000); The writer of this post is a guest. Opinions in the article are solely of the writer and do not reflect The Merkle's view.

Moreover, tokens built on Bitcoin Cash are nearing 1 million transactions to-date.

Bitcoin Cash (BCH) community members have noticed there are now 10,679 SLP tokens created since the Simple Ledger Protocol’s inception. The discussion concerning the SLP milestone took place this week on the popular Reddit forum r/btc.

In addition to the 10k+ SLP tokens created, the number of transactions is nearing 1 million. Bitcoin.com token data page indicates there’s been 960,346 SLP-based transactions. Statistics show 2,250 SLP transactions were recorded in the last 24 hours.

Currently, the top five most popular tokens in the last 24 hours have been Refund Token, Mistcoin, MAZE, Spice, and Zapit. However, 30-day stats show the top five SLP tokens by use was Mistcoin, MAZE, Refund Token, TBS, and Zapit. In addition to the 10k SLP tokens minted so far, there’s been 13,353 token burns to-date as well. Burning is the act of taking the SLP tokens out of circulation.

Since the project was introduced, the SLP team is working with a number of projects and infrastructure providers. This includes exchanges, stablecoin issuers like Honestcoin and Tether, Bitcoin.com, an SLP hardware wallet, games like Realmx, the digital advertising marketplace Tribeos, the Spice Token ecosystem, SLP payments for Woocommerce, and many more.

SLP development is bringing decentralized finance (defi) to Bitcoin Cash (BCH) as well with the upcoming introduction of the derivatives product Anyhedge, a project developed by the General Protocols team. Additionally, the SLP exchange Cryptophyl is restructuring into a decentralized exchange (dex) for BCH and is working with General Protocols as well.

Moreover, a while back the SLP development team published a number of bounties to further the SLP ecosystem.

For instance, the bounty is for building one or more smart-contracts that provide additional security to token issuers and paid out 500+ honestcoin (USDH). Additionally, during the last six months the SLP project formed the SLP Foundation and described how people can leverage multi-signature management with SLP tokens.

Furthermore, since the Simple Ledger Protocol was invoked a number of tokens have gathered real-world value.

Bitcoin.com’s SLP token index shows a total of eight market caps including tether (USDT). There are 6 million SLP-based USDT in existence but tether’s are also minted on a number of other chains.

Other top SLP tokens featured in the market cap index include flexcoin (FLEX) with $29 million, gocrypto (GOC) with a $4 million market cap, Brave Sound Token (BRST) has an overall valuation of $3.3 million. This is followed by honestcoin (USDH – $2.7M), ACD Coin (ACD – $2.3M), sai (SAI – $882k), and spice coin (SPICE – $332k).

The SLP Foundation also announced a partnership with the Blockhack Global 2020 event scheduled for October. “[Six] weeks. BIG education [and] investment partners,” the SLP Foundation tweeted on September 18. The Blockhack event is hosted by Bitbay and it’s a six week virtual hackathon that starts on October 5 through November 14.

What do you think about the growth of the SLP token universe built on Bitcoin Cash so far? Let us know what you think about this subject in the comments section below.

Spot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and more. Start your trading here.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. According to Coinschedule stats, the total amount raised during the ICO in 2017 is $2,345,301,347. Last year it was just $96,389,917! Its almost 25 times less than during the first 9 months of this year! And the number of ICOs is growing And the number of problems is growing as well, as its really hard to sort through this enormous supply of tokens. How to choose? 1. Always look at the team. The more experience it has, the more chances they wont fail and wont put two and two together and make five. Genesis Vision founders have a great experience in developing financial software, and traditional trust money management systems mixed with deep blockchain knowledge. Ruslan and Dmitriy are winners of blockchain contest with financial platform at http://hackrussia.ru/ Then, Aleksey Kutsenko, who is a FinTech Expert at the team, is a CEO of Tools For Brokers, FinTech company, which software used by more than 350 companies and brokers all over the world. 2. Always look at the history. What did the company do before the ICO? Genesis Vision project already has a huge potential client base. The existing contacts and clients, thanks to the support provided by Tools for Brokers, allows to link as many brokers and exchanges as possible. 3. Always look at the opinions of industry gurus. Genesis Vision has advisers from financial industry, whose different expertise and experience cover most of obstacles and minor issues the company could face. 4. Always look at the legal issues. Genesis Vision company is incorporated in Ireland. This country is legally loyal for ICOs. Various licensing institution certificated companys code. Its smart-contracts were successfully audited by https://zerion.io/. Furthermore, the project and ICO were successfully audited by https://financialcommission.org. This means that all the team was checked and interviewed, all legal, technical and business plans were audited by FinTech experts. You could read more about our certification here: on-guidelines/ 5. Always look at the demand during Pre-ICO. It took Genesis Vision two weeks to get the target amount of $2.3 mln orders for ICO option campaign. The Pre-Order was scheduled to end on October, 15th. However, the demand was so huge that the Genesis Vision team had to make a decision to stop the campaign much earlier. We think it is a high time for a project like Genesis Vision. Trust money management industry suffer from fraudsters, unfair money managers, hidden processes and strong regulation. The project will destroy borders between all money managers, brokers, investors from every point of the world, due to decentralization. Genesis Vision will bring transparency and stability. New digital generation uses cryptocurrency extensively, so the company will offer them new easy way to invest in a range of different assets in the way the are familiar with via crypto, like stock markets. The investing process will be carried out in an interactive, easy-to-use yet secure way. Read more about the project here: https://genesis.vision/ This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. TAGS350 companiesfinancial softwareFintechGenesis VisionICOmoney managerspre-ICORegulation SHARE Facebook Twitter Previous articleMusic Streaming Service Arena Pays Royalties in Bitcoin to Eliminate Industry Black BoxNext articleAlleged Dream Market Kingpin Arrested at World Beard and Mustache Championships Bitcoin.com PRhttps://news.bitcoin.com/press-releases/Bitcoin.com is your premier source for everything Bitcoin-related. We can help you buy bitcoins and choose a bitcoin wallet. You can also read the latest news, or engage with the community on our Bitcoin Forum. Please keep in mind that this is a commercial website that lists wallets, exchanges and other Bitcoin-related companies.

sees Bitcoin celebrate its birthday with the original protocol restored.

Bitcoin, restored to its original form as Bitcoin SV (BSV), has unbounded scaling capabilities and not only functions as Satoshi’s “peer to peer electronic cash system” but is also capable of processing and verifying all the world’s data. Bitcoin isn’t just an economic layer for the internet, its blockchain is able to be the internet.

Why is January 9th Bitcoin’s birthday?

On this day in 2009, Dr. Craig Wright (under the pseudonym Satoshi Nakamoto) released Bitcoin v.0.1 on Sourceforge. The first block was mined using proof-of-work, and from that point on anyone with an ordinary Windows PC could participate.

We also marked January 3 as an anniversary. That was the date Satoshi created what’s now known as the “Genesis Block,” or Bitcoin block #0. The keys to block #0 were pre-computed using external software and hard-coded into the block, thus it wasn’t “mined” the usual Bitcoin way. Since no-one else could join in until the protocol was available to all, January 9, 2009, and block #1 mark a more appropriate Bitcoin Birthday.

Things didn’t all go smoothly from there. The late Hal Finney was Bitcoin’s second-earliest adopter, receiving the first Bitcoin transaction a few days after the software release. Dr. Wright has credited Finney with helping keep the early Bitcoin network running in that first month after it “fell over” several times. Wright’s friend Dave Kleiman also provided advice on getting everything back on track.

Those first string of days between January 3 and 9, 2009, saw the network (which at that stage consisted of 69 computers, all Dr. Wright’s) restart unexpectedly, requiring Wright to frantically travel between distant locations and update Microsoft licenses to get them all online again.

The 12 years since

From its earliest years, the Bitcoin network’s earliest participants questioned how the network could scale to handle payments for everyone on Earth. To provide some context, the VISA network alone has over 3.3 billion cards issued and can handle over 65,000 transactions per second. Bitcoin would need to compete with that, and more.

Once other developers joined in, and especially after “Satoshi” left the Bitcoin project in 2010, alterations were made to the protocol rules that changed the way it handled transactions—especially those based on timing (nLockTime). Almost immediately upon his exit, Nakamoto’s development repository was moved from the central development focused Sourceforge repo and relocated to GitHub, which is more typically used for communal development. Soft forks became the norm, undermining the role of honest nodes and giving more deliberate power to software developers with repository keys. Pay to Script Hash (P2SH) arrived in 2012 to replace Bitcoin style multisignature wallets. In 2016, BIP 125 introduced “Replace by Fee” (RBF) protocol which allowed transactions in the mempool to be rebroadcast to a different address than the original transactions—fundamentally undermining the reliability of instant transactions.

The other big issue was block size. While many said Bitcoin could handle the extra traffic simply by increasing the transaction block’s maximum size over time, others argued this couldn’t be done—the network didn’t have the bandwidth and it would create massive amounts of data; too much for small, independent networks to handle.

Dr. Wright has always argued that advances in technology hardware would accommodate this growth, and that “mining” (now known on Bitcoin as “processing”) would become a professional pursuit rather than a hobbyist interest.

The “scaling debate” never went away though, becoming near-religious in its fervor and eventually leading to a split in the network in August 2017. BTC, which falsely claims to be the original Bitcoin but is actually an airdropped token, allowed control of the protocol to remain with its core group of centralized developers, and also altered the protocol to remove digital signatures from the transaction block data (aka “segregated witness,” or SegWit).

The group favoring “big block,” on-chain scaling first continued the Bitcoin protocol issuing the new ticker symbol BCH in 2017. The Bitcoin network later split again, in November 2018, with centralized protocol developers airdropping BCH, and Bitcoin took the new ticker symbol BSV. The developers following Satoshi’s Vision as outlined in the original Whitepaper vowed to restore the Bitcoin protocol to its original form and prevent anyone from altering its basic rules forever after.

BSV achieved this goal in February 2020, just after Bitcoin’s 11th birthday, calling its restored protocol software update “Genesis,” or Bitcoin v1.0.0. Genesis also removed all maximum transaction block size limits, finally allowing Bitcoin to process as much data as it needed, at minimal cost to ordinary users. The update also restored the original Script language which was disabled many years ago.

Bitcoin may have just turned 12, but it’s been a rough 12 years. We can say at least that enough people had the vision to maintain Bitcoin’s original purpose, taking guidance from Satoshi himself to restore a network that was always destined for greater things.

Bitcoin’s blockchain is now ready to be the world’s universal ledger of truth, processing all data from payments between individuals to millions of “nanotransactions” from connected devices. It’s a great accomplishment and so now, more than perhaps any other year before it, we’re happy to celebrate Bitcoin’s birthday and continue to imagine what comes next.

New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.

Bittrex, and Genesis announced that they would be suspending and terminating support for XRP trading pairs following the U.S. Securities and Exchange Commission’s (SEC) move to file a lawsuit against Ripple Labs, the company behind XEP.

The securities regulator also sued Ripple CEO Brad Garlinghouse and co-founder Chris Larsen for allegedly conducting a $1.3 billion unregistered securities offering. The announcement created a ripple effect—no pun intended—and set off an avalanche in XRP markets. Ripple’s market cap has plummeted by roughly 52%, losing its third-ranked position on the top 10 digital currencies by market cap.

Also this week, another class action suit was filed against Coinbase. The claimant is seeking recovery for customers who paid commissions for XRP trading. The law suit claims, Coinbase’s actions were both unlawful and fraudulent. The allegation says, based on Coinbase’s technological integration into XRP’s nodes and statements made by Ripple executives, the exchange would have known XRP was a security and not a commodity.

The recent actions against tokens is expected to spur additional lawsuits against exchanges that have listed and allowed customers to trade unregistered securities.

Situated in the South Pacific Ocean, Tuvalu is a remote archipelago with a population of under 12,000. With very few natural resources, the island nation is forced to look for new economic opportunities. In the past, Tuvalu has been known for selling the “.TV” internet top level domain to television networks and production companies.  

Bitcoin Association President Jimmy Nguyen commented on this development, tweeting, “Small country, BIG Vision.” He adds “It’s a WIN for the island country plus BSV utility.” Nguyen also congratulates all parties involved in the “amazing collaboration.”

Tuvalu to be world’s first paperless society using #BitcoinSV as digital public ledger. It’s a WIN for the island country + #BSV utility.

Congrats @TuvaluGov, @nChainGlobal, @faiacorp & @ElasDigital on AMAZING collaboration.https://t.co/cUGThPUgnK

— Jimmy Nguyen (@JimmyWinSV) December 21, 2020

Lastly, the Bitcoin-powered online review platform TrueReviews has now rebranded as Britevue. The platform is focused on getting Bitcoin into the hands of newcomers. How exactly? It’s designed in such a way that will have its users generating revenue from day one. Bitcoin will be given out to new users in exchange for data. Users will be able to sign up, answer some questions about their hometown, and get money instantly to be used on the site. Britevue hopes to be the go-to platform to find the best places to eat or visit when they are in your town.

The platform will be launching in early 2021.

New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.

same day.

The “Chancellor on brink of second bailout for banks” message has a much deeper meaning, one that still resonates with ardent Bitcoiners years later.

Despite the growing attention Bitcoin has earned since 2009, there’s a lot of mystery surrounding its creator, Satoshi Nakamoto.

It’s now the digital currency’s 12th anniversary, and their true identity is still unknown. Several candidates have been declared “the one” (or, in Craig Wright’s case, put themselves forward), though no conclusive answer has materialized. 

Whoever Satoshi Nakamoto really was, it’s widely believed that they had a disdain for the traditional finance system.

They released the Bitcoin whitepaper on Oct. 31, 2008, when the world was going through the global financial crisis. By late 2010, they’d vanished, still unwilling to lay claim to the groundbreaking monetary system they’d created. 

The trail of messages Satoshi Nakamoto left prior to their sudden disappearance has led many to believe that Bitcoin was a response to the events of 2007-2008. On the message board for the P2P Foundation, an organization focused on peer-to-peer technology, Satoshi Nakamoto wrote a memorable post introducing Bitcoin in February 2009.

In it, they showed their uneasiness at placing trust in fractional reserve banking: 

Satoshi Nakamoto launched Bitcoin’s Genesis Block on 18:15:05 UTC on Jan. 3, 2009. The moment would become a keystone of Bitcoin history.

There were several unique features to the block, also known as block 0. The 50 BTC mining reward from the first transaction was made unspendable. Though the reason for this has been a topic of debate among Bitcoiners, there’s a good chance that Satoshi Nakamoto had accounted for the anomaly in their plans—this was an expert coder, after all. 

Whereas new blocks are produced at an average of every 10 minutes, it took six days to find the next one on the chain. The reason behind this is also a mystery.

Some have even suggested that there could be a religious link: in the Book of Genesis, God created the heavens and earth in six days, then took a day of rest. 

Notably, Satoshi Nakamoto only publicly announced Bitcoin to The Cryptography Mailing List on Jan. 9, the same day the next block on the chain was found. 

But the most famous feature of the block was the message Satoshi Nakamoto left in its coinbase parameter, which read as follows: 

The same message appeared in reverse on line #1616 when its hexadecimal string was converted to text: 

This subtle memorandum gave the Genesis Block an immutable timestamp by referring to The Times newspaper’s front page on Jan. 3, 2009.

But it likely had another hidden meaning. In the messages they posted online, Satoshi Nakamoto made it clear that they weren’t a fan of the financial system, so it wouldn’t be a stretch to assume that their reference to the failings of traditional banking was a statement on what Bitcoin was setting out to fight against.

If they really did create Bitcoin in response to the financial crisis, they’d be hard-pressed to find a more fitting message to launch with. 

Like Bitcoin itself, copies of The Times newspaper Satoshi Nakamoto immortalized are now much more valuable than they were in 2009.

That’s because they’re widely sought-after and incredibly rare. A handful has appeared on Bitcoin fan forums over the years, though these have been few and far between.

There’s also a dedicated website where a few original copies are listed on sale accompanied by a certificate of authenticity. Prices range from $250,000 to over $1 million.

Satoshi Nakamoto would make their final public post on the bitcointalk.org forum in December 2010, their identity still concealed even as Bitcoin began to draw wider interest. Though their deeper motives for creating the digital currency are still fairly opaque to this day, The Times reference is one of a few clues that hint at their intentions.

What’s indisputable, though, is the gravitas of the monetary revolution Satoshi Nakamoto laid the foundations for.  

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