South Korea: Reports of 10% Tax on Cryptocurrency Gains Are Fake

South Korea

South Korea’s Ministry of Finance has denied reports of 10% income tax on cryptocurrency investments. 


10% Tax on Crypto Grains is Fake News

Taxation has been a hot topic in the cryptocurrency world this year. Governments want their piece of the pie and traders are anxious to know how badly their tax collectors plan to gouge them.

Luckily, many governments have already announced their stances on the matter. Some have chosen complete leniency—as with Thailand who waived taxes on cryptocurrency gains altogether—but others have taken cruel action to deter investors as with the United States who imposed a capital gains tax on every single microtransaction.

One nation that has remained relatively quiet on the matter is South Korea and that has led to a lot of speculation from Korean crypto enthusiasts.

Recently, reports have been circulating, stemming from an article in Korean newspaper Chosun Ilbo, of an unidentified high-ranking official from South Korea’s ministry of finance purportedly divulging plans of an imminent ten percent tax on all cryptocurrency trades:

We have already decided to tax profits from investments in cryptocurrency. The question is only how much time we should give investors and when to start implementing it.

The article goes on to say that the government will allow up to a 2- year grace period before the tax code will come into effect.

It turns out, however, that this was all merely conjecture as the ministry of finance is now denying the legitimacy of this report, stating that it “is different from the fact.”

The credibility of the Chosun Ilbo article was fostered by reports earlier in the year that Korea planned to implement their cryptocurrency tax framework sometime in June of 2018.

Crypto enthusiasts of South Korea were hopeful of the authenticity of the report since it posed a fair compromise between investors and regulators. Unfortunately, it seems that it will be a while longer before any official statement on the tax structure is made by the Korean government, which has classified Bitcoin and cryptocurrencies as an asset.

Would taxes on cryptocurrency gains be a good thing for the market? Share your thoughts below!


Images courtesy of Shutterstock

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Essentia.One Sets Aside $1 Million for Global Blockchain Hackathon in 8 Cities

To facilitate the development of its next-generation layer of data and interoperability, Essentia has launched a global hackathon. The initiative will drive the development of the Essentia ecosystem and unearth new use cases for its protocol and interoperability framework. Essentia will be pledging $1,000,000 to the hackathon fund.


Essentia Founder and chairman of the Internet of Blockchains Foundation, Matteo Gianpietro Zago, stated:

The $1 million hackathon fund is a tangible demonstration of our commitment to building projects on Essentia’s open source protocol. During the course of an eight-city series of events, we’ll be championing the smartest and most innovative developer teams, and helping them turn their ideas into reality.

As part of Essentia’s $11million fund, a part will be used to incentivize the development of dApps and other integrations to grow the Essentia ecosystem and add real utility to decentralized technologies — for the benefit of both enterprises and consumers alike. The $1m million pot will be distributed in prizes over the course of eight events located in different cities across the world, the first of which has been penciled in for late July.

The first Essentia Hackathon event to be held in Kiev this summer will see a total of $100,000 awarded from the $1 million fund to the teams who submit the best proposals. Prizes will be distributed as follows:

  • $50,000 for First
  • $30,000 for Second
  • $15,000 for Third
  • $15,000 Merit Award shared between 10 teams

Essentia will be looking for projects that exhibit real innovation, but that are also demonstrably practical and achievable. The judges will score projects on a range of characteristics, including their ease of implementation and ability to solve real-world problems. A panel of judges, including Essentia project leaders and experts from the blockchain space, together with community representatives, will cast their vote for the best projects on display. All prizes will be awarded in ESS, the native Essentia token.

Who can participate

Essentia is seeking developers who are interested and passionate about what its open source protocol can do for the blockchain ecosystem. Age and experience is no barrier to entry. Entrants who are new to coding but are interested in joining are encouraged to contact Essentia for more information on how they can participate.

At the event, Essentia will be looking for particular projects which utilize the following:

  • ESS Multichain DEX
  • Blockchain-based solution for automation between assets, devices, centralized and decentralize resources
  • Blockchain-based self-sovereign identity system KYC
  • Blockchain-based supply chain solutions
  • Blockchain-based GDPR compliance plugins for ICOs

Essentia invites participants to start preparing their applications for the inaugural Essentia hackathon now. Please visit hackathon.essentia.one or subscribe to the Essentia newsletter for further announcements in the coming days.

For additional information and further details, check out the official website and join the Essentia Telegram.


Images courtesy of Essentia.One

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eToro Market Research: EOS

EOS is by far the largest Initial Coin Offering (ICO) in the history of cryptocurrencies. Having raised more than $3.5 billion, it promises to become an extremely fast and scalable blockchain protocol with zero transaction fees. Even though the EOS main-net has not gone live yet, many believe it has the potential of becoming a standard for decentralized applications that require fast, secure and free interactions between their users.


If Bitcoin is digital gold and Ethereum is digital oil, EOS has been likened to digital real estate. The limited supply and everlasting nature of the tokens make it a prime target for investors who feel strongly about a decentralized future. However, this coin is still in the very early stages so should be approached with extreme caution and only as small part of a well-diversified portfolio.

All information is valid as of May 11th, 2018. All feedback is welcome.

History

 The EOS blockchain – and the EOSIO software – is a project by a private company known as block.one that is still under development. The CTO and main mind behind the project is Dan Larimer, who is also the creator of Bitshares and Steemit, two of the most successful blockchain platforms to date. The company started the EOS Initial Coin Offering (ICO) in June 2017, which is currently running on the Ethereum network. So far, the project has raised more than $3.5 billion making it by far the most successful ICO to date.

An Initial Coin Offering (ICO) is the equivalent in the crypto-sphere of securities’ IPOs. Unlike IPOs, which are harshly regulated, ICOs are still lacking significant regulation and allow average Joe investors to support their favorite projects from a very early stage.

Some ICOs have been extremely successful, raising hundreds of millions of dollars.

Currently, EOS tokens are stored on the Ethereum blockchain. On June 1st, 2018,  the EOS main net will be released and the token will be swapped onto their own blockchain. Despite not having a running product yet, EOS is currently the 5th largest cryptocurrency in terms of market capitalization, proving the great expectations of the cryptocurrency community for this blockchain.

Basic Stats

  • Crypto-asset type: Utility Token
  • Initial supply (June 1st, 2018): 1,000,000,000 EOS
  • Circulating supply (to date): 926,000,000 EOS
  • Market Capitalization: $14.2 bn
  • Token Economics: Inflationary Asset
    • Block producers are compensated for creating blocks with new tokens (The annual rate of inflation by new coins will be 5% but can be changed if agreed by network participants.).
  • Protocol: Delegated Proof of Stake

Technical Description

The goal of EOS is to provide a blockchain platform with capabilities for smart contracts and decentralized applications. EOS will act as a decentralized operating system, similar to Ethereum or NEO, where dApps can be developed and used by the community. The project aims to create a much more scalable and flexible network than its competitors, with zero network fees and extremely fast transactions.

A decentralized application (dApp) is analogous to a software application on traditional computers and websites. Unlike these traditional solutions, dApps run on a decentralized network formed by thousands of computers.

Ethereum’s network, who currently employs a Proof-of-Work consensus protocol similar to that of Bitcoin, has proven to be slow especially during extended periods of maximum use. EOS aims to reach a capacity of millions of transactions per second, which should be enough for simultaneous and global-scale use of multiple viral dApps. For that purpose, EOS will use a state of the art Delegated Proof-of-Stake (DPoS) protocol.

In the Proof-of-Work protocol, computers in the network compete to solve mathematical problems in order to obtain rewards in the form of coins, while securing the network. A downside of this is the high costs and environmental impact in terms of energy associated with this protocol.

Meanwhile, in the Proof-of-Stake protocol, token holders are the ones in charge of validating transactions and securing the network, by staking (locking up) their coins temporarily in exchange of a reward similar to a dividend. Many people believe this new protocol will become the new standard for cryptocurrencies. Ethereum is actually scheduled to transition from Proof-of-Work to Proof-of-Stake in the future.

In the DPoS protocol, as opposed to traditional Proof-of-Stake solutions, the token holders indeed delegate the capability of producing new blocks in the blockchain to a few nodes controlled by known, trustworthy entities. This allows the system to be extremely fast, producing a new block every 0.5 seconds. At first sight, this might appear to be a less decentralized network than Ethereum or Bitcoin due to the small number of block-producing nodes. However, in practice PoW networks are oligopolized by huge mining pools that can control more than 25% of the block production, something that would indeed not happen with EOS.

On a separate note, and unlike Ethereum, which requires developers to use a specific programming language called Solidity, EOS permits dApp and smart contract development with widely used languages like C, C++ or Rust, which will make it easier for developers to deploy their projects on the network.

On both Ethereum and Bitcoin, validator nodes are compensated with coins for validating new blocks. These coins are both created with each new block (inflation) and collected from users of the network (fees). On EOS, users will simply have to own tokens to be able to use an equivalent fraction of the network resources. For example, an EOS user that holds 10% of the supply would be guaranteed 10% of the total network resources.

EOS also aims to be a much more user-friendly network than existing blockchains with usernames and accounts more similar to what the average user is used to having in traditional online services, as opposed to Ethereum’s or Bitcoin’s long hexadecimal addresses. Decentralized apps will also run natively on a simple web browser without the need for any specialized software, further bridging the gap between blockchain and non-technical users. The idea is to use the blockchain like the engine of a car. The average person doesn’t need to know how it works in order to drive the vehicle.

Token Valuation Analysis

The special token metrics of the EOS network (zero transaction fees) makes the construction of a valuation system particularly difficult. In the case of decentralized computing networks like EOS or Ethereum, the value comes in principle from the computing cost of the network. However, in practice, they will also be used as a store of value by many people, in a manner similar to Bitcoin. We also anticipate that there may be a large secondary market for developers who would like to rent EOS coins for a new project before deciding to purchase them. In that sense, it is important to take into account the inflation rate of EOS, which is decided democratically by the token holders with a maximum annual value of 5%.

The actual utility value of the network is however very hard to predict, without knowing yet the total available resources and the average use by the network users. All of these factors will be known once the main net is released and more reliable valuation models will be constructed within the next few months.

If a great number of dApps are released on the platform and prove to be successful, they will need to hold a significant amount of tokens to be able to access the network resources. Since these tokens will effectively be locked, the value of the network should indeed go up over time.

The actual value of EOS can indeed be much higher than the utility value, not only because of its potential use as a store of value but also because of the expectations of some users on the future use and capabilities of the network.

Use Cases

There are many industries where smart contracts and decentralized applications can have a disruptive effect, improving the efficiency and security of the market and eliminating the need of a centralized third-party. EOS, in particular, will be especially useful for applications where scalability and fast transactions are key and more important than having a truly decentralized system. Examples of potential applications are:

  • Internet services: the blockchain-based versions of existing Internet applications would indeed require a fast, secure network with free transactions. Great examples would be social media and messaging dApps. Having a man like Dan Larimer at the head will make this use case particularly plausible given his track record. These concepts would be practically impossible in a network like Ethereum where all transactions have an associated fee.
  • Peer-to-peer services, like Uber, Airbnb or eBay, could be replicated on the blockchain without an intermediary and the associated fees, and with a truly secure network. These services are becoming more and more important, and there is a huge amount of potential applications.

These use cases would be particularly suitable for a blockchain like EOS, but any application or project that could run on Ethereum or other networks could also be developed on EOS. Examples could include decentralized exchanges, financial services applications or supply chain solutions.

Development Team

 The two main faces behind EOS are Brendan Blumer and Dan Larimer.

Brendan Blumer

Brendan Blumer is a technology entrepreneur based in Hong Kong and the founder and CEO of block.one. He created Gamecliff, a service for selling in-game items, at the age of 14, and has since been involved with several technological projects before focusing on cryptocurrencies.

Dan Larimer

Dan Larimer is arguably one of the most respected minds in the “crypto world”. He is the creator of the DPoS protocol, and two previous successful blockchain projects, Bitshares and Steem, the two blockchain projects with a larger user activity. Now, he acts as the CTO of block.one and the main technical mind behind EOS.

block.one

Investment Risks

Trading cryptocurrencies can potentially be very profitable as seen in the past, but it is also a very challenging activity that can carry a significant level of risk. Cryptocurrency markets are associated with high volatility, and EOS is no exception.

Besides, EOS has the particularity of not having a functional network yet, with the tokens being stored as a sort of placeholders on the Ethereum network. Since it is hard to know the future performance of the network, investing at the current state can indeed be riskier than for projects whose performance is already proven.

It is important to carefully assess your investment goals, methodology and level of experience before deciding to start investing in a new market. It is also extremely important to diversify and view cryptocurrency as an additional element of your portfolio. Given the high risk associated with this type of asset, it is recommended not to allocate more than 20% of your portfolio into cryptocurrencies. Given that the possibility to lose a part or even all the money invested exists, it is extremely important to invest only money that you can afford to lose.

In any case, all the information presented in this Market Report does not constitute financial advice and introduces no obligation or recommendations for action.

Upcoming Projects

Even though the EOS main net is not yet operative, there are already some dApps in development for the network. Some of the most interesting ones are:

  • Insights Network is a data exchange system, where users can manage and monetize the data they generate daily.
  • Bywire is a news aggregation system with decentralized and trustless information.
  • Chintai is a token leasing platform, where token holders can lend their tokens to developers or other users for a certain interest.
  • Iryo is a decentralized healthcare system where medical records are stored safely and owned by each individual without the need of a centralized stakeholder.
  • Everipedia is a decentralized version of Wikipedia that has the backing of Jimmy Wales, one of the co-founders of Wikipedia.

In addition, EOS will support the Bancor protocol, a new standard for the creation of a new generation of cryptoassets known as “smart tokens”. Bancor uses the concept of “connectors” to make any two tokens readily exchangeable to each other with immediate liquidity, without the need for a traditional exchange where buyers and sellers are matched.

EOS ICO & Token Distribution

The funding process of EOS, briefly described above, has indeed been one of the most interesting aspects of the project, and a unique approach in terms of how to finance an ambitious project in its first stages of development.

The one-year-long ICO that started in June 2017 is divided into one-day contribution windows that work as a sort of auction. The token (an ERC-20 token on the Ethereum network) can in the meantime be traded on several exchanges. The first period was a special one where 200 million tokens were issued raising a total of $172 million. All 349 subsequent periods have distributed 2 million EOS at varying USD rates. It should be noted that all contributions are made in Ether.

As of May 11th, there are 21 contribution windows pending (roughly three weeks) and 950 million EOS have been distributed of the total 1 billion. Of this, a 10% is reserved for block.one. With these reserves and the huge amount of capital raised during the distribution, block.one has an unparalleled treasury available for investments in the EOS ecosystem.

Future Developments & Main Net

EOS will undoubtedly experience the most important weeks of its lifetime during the next months, when the distribution period is completed and the main net is finally launched.

Tomorrow, the block.one team has just released Dawn 4.0 on May 11th. This is a new pre-release of the network with the complete set of features already implemented. Soon after the token distribution is completely finished, the main net will be deployed, and the ERC-20 “placeholder” tokens will be swapped for the actual native EOS coins. The first few days and weeks of the fully operating blockchain will be key to assess the actual performance of the network, and will likely introduce important swings in the price of the token.

Although the pre-releases mentioned above have proven successful, it will be very interesting to see if the different aspects of the blockchain (block production, smart contract deployment, dApp development, etc.) perform as expected when the network is open to the general public and under significant stress.

Market Analysis

EOS chart - eToro

Exhibit 1: Historical Evolution of EOS/USD price since February 2018. Note that the scale is logarithmic.

Exhibit 1 shows the historical evolution of the EOS price since February 2018 (at around $8.5) until May 2018 (currently trading around $18). In the span of less than three months, it has roughly doubled in value in anticipation of the main net, reaching an all-time high of $23.3 on April 29th.

As it is the case with the vast majority of cryptocurrencies, there is a clear correlation between the price trends of EOS and those of Bitcoin and particularly Ethereum, with which it shares a similar working concept.

April was an extremely profitable month for EOS investors, with a surge in price of over 300% in just a few weeks. The price has since experienced a pullback and is now quite stable within the $16-$19 range

Exhibit 2 shows, however, the possible formation of a descending triangle during the last week. This is a typically bearish indicator that shows how the buying pressure decreases over time and the maximums reached are lower with each bounce.

However, the price of EOS, both when looking from a short-term and long-term point of view, will definitely depend on the main net launch and the performance of the network when operational, which could render any traditional chart patterns unusable.

EOS chart - eToro

Exhibit 2: Evolution of EOS/USD price since mid-April, showing a possible descending triangle forming in the last few days. Note that the scale is logarithmic.

Resources

Credits

  • Yoni Assia – Founder and CEO of eToro, a leader in the blockchain community for kickstarting this in-depth analysis project.
  • Orit Mutznik – For her support.
  • CryptoAnalyst.co – For their research and writing.
  • Chris Coney
  • Paz Diamont – Head of Blockchain development at eToro.

Disclaimer

Cryptocurrencies can fluctuate widely in prices and are therefore not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. The content is intended for educational purposes only and should not be considered as an investment advice. Your capital is at risk.


Images courtesy of eToro, Shutterstock

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CEO of SophiaTX Takes the Business Blockchain Discussion to It Executive Forums Organized by Evanta, a Gartner Company

Starting this week, Jaroslav Kacina, CEO of SophiaTX takes the discussion on “The Business Possibilities of Blockchain” to the CIO Executive summits organized by Evanta, a Gartner company.


Gartner, a member of the S&P 500, is the world’s leading company in the field of research and advisory services. Research provided by Gartner targets CIO, Senior IT marketing, and Supply Chain leaders.  Clients include large corporations, government agencies, technology companies and the investment community.

The capability to connect to the blockchain discussion at a senior IT executive level provides a variety of insights as well as opportunities. Blockchain, as a technology enabling distributed data sharing and collaboration, is entering a stage where many enterprises are either considering or delivering on early pilots to understand the potential impact on businesses.

The CIO role is quickly evolving from one of being the executive level IT person to a true business leader and strategist. Blockchain is the technology, that if implemented, could involve a complete shift in how organizations fundamentally operate. It has the potential to disrupt business models, drive performance, and affect every interaction with business partners in and outside of an enterprise. It is crucial for executives to cut through the noise and embrace the impact that blockchain is quickly going to have on the entire organization.

In addition to the London summit, Jaroslav Kacina has been announced as a moderator for blockchain executive boardroom sessions at the Global CIO Executive Summit on August 22-24, Hilton Head Island, South Carolina, US along with CIO Executive Summits in Boston, Toronto, and Frankfurt.

About Evanta

Evanta, a Gartner Company, fosters leadership development and collaborative exchange among North America’s top executives. Evanta convenes thousands of c-suite executives each year to create unmatched opportunities for leaders of the best companies to network, share, and learn.

About Gartner

Gartner, Inc. is the world’s leading research and advisory company and a member of the S&P 500. Gartner equips business leaders with indispensable insights, advice, and tools to achieve their mission-critical priorities and build the successful organizations of tomorrow.

Gartner’s unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. Gartner is trusted as an objective resource and critical partner by more than 12,000 organizations in more than 100 countries—across all major functions, in every industry and enterprise size.

About SophiaTX

SophiaTX is a blockchain platform and marketplace tailored for extending traditional applications like ERP, CRM and many others with robust collaborative and decentralized blockchain capabilities. It is Open Source and contains integration APIs to SAP and other enterprise applications. The company has already announced partnerships with a number of businesses across industries, and is working together with EY (Ernst & Young) to develop a blockchain solution for the automotive sector.


Images courtesy of SophiaTX

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CashBet Coin (CBC) Gets Listed on KuCoin!

KuCoin is extremely proud to announce yet another great project coming to our trading platform. CashBet Coin (CBC) is now available on KuCoin. Supported trading pairs including CBC/BTC, CBC/ETH.


Introduction About CashBet

The applications of the blockchain protocol never fail to surprise me each time I conduct my research on new projects that enter the crypto-market. From humble beginnings of being just a mere fiat money alternative and a digital ledger, the technology has grown vastly throughout the years and has become an entirely new technology in of itself as developers find ways to integrate the blockchain protocol and reinvent existing systems. Today, the blockchain has created a whole new autonomous economy of itself, fueled by innovative projects that seek to solve the challenges of traditional systems with blockchain-based solutions.

Please take note of the following schedule:

CashBet Coin (CBC) Deposits Effective Immediately

CashBet Coin (CBC) Withdrawal: 20:00 June 20, 2018 (UTC+8)
CashBet Coin (CBC) Buying order: 21:30 June 20, 2018 (UTC+8)
CashBet Coin (CBC) Selling order: 22:00 June 20, 2018 (UTC+8)

CashBet Coin (CBC) Official Website: https://coin.cashbet.com/
CashBet Coin (CBC) Whitepaper: click here

Risk Warning: Cryptocurrency investments are high risk by nature. Please conduct your own research before investing your personal funds.


Images courtesy of KuCoin

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trade.io Launches Viral Campaign To Raise Awareness Of Upcoming Exchange & Offers 90 Fully Paid Holidays Plus 100,000 USD

Wednesday, 20th of June 2018, Lugano Switzerland, trade.io has launched the largest ever viral campaign in the cryptocurrency industry, offering participants the opportunity to win a VIP, fully paid holiday to Cyprus plus the top prize of a luxury trip around the world worth $100,000.


With this competition, anybody who Likes, Shares or Posts original content about the upcoming trade.io Exchange on their social media channels will be awarded points. Participants will gain extra points for purchasing the company’s cryptocurrency Trade Token (TIO) and for introducing friends to trade.io. The top 90 participants at the end of the competition with the most points will win the holiday to Cyprus. This is the largest competition that the company has launched to-date, and is expected to have a viral impact on popular social channels.

The competition website can be found on https://trade.io/dare-to-share

This competition launches on 20th of June and will end on the 20th of September. 30 winners will be announced each month, for three months – on 20th of July, 20th of August and on 20th of September.

This launch closely follows an announcement made by the company last week that they will be sponsoring the first ever crypto event hosted by Bloomberg in London on 29th June. At the opening of this event, CEO Jim Preissler will be announcing the launch date of the company’s highly anticipated upcoming crypto-to-crypto exchange.

Head of Business Development Terence Tan commented:

Any success that trade.io has achieved to-date is owed to the strength of its community. This promotion offers another opportunity for our TIO holders, community members and others, to engage in our brand – and it rewards them for doing so!

About trade.io

trade.io is a next-generation financial institution based on blockchain technology, providing the ultimate in security and transparency. By leveraging decades of experience in the investment banking, trading & FinTech sectors, and combining them with the power and transparency of the distributed ledger, trade.io has created a truly unique exchange that will revolutionize asset trading and investment banking.

Find out more: https://trade.io/dare-to-share

Contact: marketing@trade.io


Images courtesy of trade.io

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Automated Crypto Trading App Makes Arbitrage Accessible To All

Cryptocurrency investors can easily optimize price differences from 19 exchanges. Automated trading software makes profit possible to those outside of arbitrage’s ‘closed loop’.


June xx, 2018

 London, United Kingdom: New and experienced investors looking to profit from cryptocurrency can now do so without relying solely on Bitcoin or Ethereum’s turbulent price fluctuations; thanks to Arbitao: a fully automated cryptocurrency arbitrage trading solution.

Essentially, Arbitao offers a less risky and more user-friendly way for institutional and individual investors to directly profit from volatile crypto markets; offering arbitrage (price differences between different exchange rates) as a viable alternative to straight purchases.

No More ‘Hodling’

While many professional and individual cryptocurrency investors bank on long-term value increases as a source of profit; over the past six months major coins like Bitcoin and Ethereum have experienced a significant decrease from the high prices experienced in late 2017 – when Bitcoin prices soared to $20,000.

As a result, more would-be investors have remained cautious; further destabilizing already fragile blockchain-based monetary markets. However, thanks to Arbitao’s unique ATAO blockchain technology, data gleaned from 19 different cryptocurrency exchanges – including Binance, Bitfinex, Kraken, and Poloniex – can be leveraged to make profitable trades; regardless of price fluctuations.

Easy-Access Arbitrage

Arbitao also overcomes the ‘closed loop’ typically associated with conventional arbitrage trading methods; a practice that’s typically reserved for professional, experienced traders.

Arbitao’s unique technology automatically makes profitable arbitrage trades for each of its community members via four different trading pools; allowing them to invest as little as US$100.

The potential interest returns range from 0.5% to 0.75% per day; meaning that, given the right market conditions, an investment of $100 could increase to $220 in just 240 days.

Tried & Tested Technology

Underpinning Arbitao are three key platforms: the TAOx trading platform, where Bitcoin can be traded for Arbitao’s native ATAO token; the ATAOwallet, where ATAO coins can be stored securely; and the ARBITAO arbitrage platform itself.

Arbitao has been online since November 2017 and has been successfully tried and tested by a group of trusted crypto enthusiasts and traders. Once fully implemented, Arbitao will offer fully decentralized arbitrage trading to its users where they can set up their ATAOwallet with API credentials to enable them to use their accounts on partner exchanges.

 Member Rewards

In addition to investment, there are a variety of ways that community members can earn more ATAO coins – as rewards:

  • Staking – which involves installing the ATAO wallet, staking some of the coins, and validating other transactions on the blockchain
  • Contributing computational power to the network – so that the Arbitao algorithms can run even faster
  • Participating in bounties – there are a number of rewards available for doing everything from promoting Arbitao on social networks to creating content
  • Affiliate program – allows members to earn an additional 18% from referrals

According to Karel Mirrin, Arbitao’s Lead Developer & Co-Founder:

Arbitao’s long term ambition is to fully decentralize arbitrage trading and to make it more inclusive, transparent and rewarding for all investors.

Our goal was to deliver a working product before the ICO started, which we succeeded in. Now we’re confident that our software will help demystify arbitrage, enhance crypto liquidity, and kickstart renewed interest in blockchain technology.

Arbitao’s main token sale begins on July 22, but the pre-sales starts on July 1. A total of 800,000,000 ATAO will be distributed throughout the ICO.

The funds raised will be used to develop a more robust infrastructure, improve algorithms, incorporate more cloud computing features, and help Arbitao expand to other exchanges.

Interested participants can sign up on the Arbitao website.


Images courtesy of Arbitao

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ICST Puts Power Back Into the Hands of Artists with their Decentralised, Blockchain-based Content Sharing Platform

ICST are set to release their blockchain-based platform that enables artists around the globe to freely share and promote their content to the world.


June 15th, 2018, Singapore, Malaysia – The ICST project is ready to revolutionize the creative content industry by providing all the tools necessary for artists to be self-sufficient – allowing them to have control over their own work. Using the Ethereum network and smart contracts, artists are protected from harmful industry practices set to exploit creative content producers and dampen future development of the industry.

Power to Artists with ICST

Individual Content and Skills Token, or ICST for short, is a blockchain-powered protocol platform and token that has been created to improve creative content and skill sharing around the globe. The platform is an open and transparent ecosystem giving users and content creators the power to publish, promote and trade their content.

Content creators from various backgrounds will attain a level of control over their content that is not achievable in the current creation industry due to the traditional business model of consumer to business to consumer. The decentralized platform will allow for content creators to share their work without having to answer to anyone else, and creators will have control of the copyrights to their work and receive compensation for their true worth. The ecosystem is based on Ethereum and smart contract technology which aims to create a fair, transparent and efficient trading environment for everyone.

A universal and decentralized platform such as ICST will help reduce the costs that accompany content distribution and increase revenue for producers around the world by acting as a complex social media marketing model. An incentive program will be implemented to encourage individual contributors to help design and improve the goals of the platform. ICST acts as the solution to the issues that content producers face in the content creation industry by cutting out the middleman and giving power to the artists.

Uses and Applications of ICST

ICST plans on capitalizing on the new “C2B2C” (Consumer-Blockchain-Consumer) business model compared to the traditional “C2BC2C” (Consumer-Business-Consumer) which can increase the revenue of content creators by cutting out the middleman from the equation. ICST can help reduce transaction fees and improves customer experience through a built-in rating system making the platform accessible for users, and the model gives content producers more control over their work enabling them to publish, promote and share at their own tempo.

Fuelling the function of the platform as a whole is the ICST token, which is a utility token that is necessary for making transactions on the ICST platform. The ICST tokens are all pre-mined meaning that ICST tokens are ‘mined’ by those who provide computing resources, new services or ready to deploy applications to the platform. Content creators who share their work on the platform will receive tokens as a reward which in the future will be able to facilitate transactions on StarMaker’s decentralized platform.

Learn about ICST’s Upcoming Release

There will be 3 billion ICST in total being released by The People-Joy Foundation, with 900 million available in the private token sale. The funds will be allocated as follows:

  • 40% will be used on the development of the ICST Blockchain.
  • 25% will be applied to Research and Development for expansion and migration for StarMaker to ICST.
  • 20% will be applied to Research and Development of the ICST platform
  • 10% of the funds will be applied to promoting the ICST protocol to applications on other platforms.

The initial release of the 3 billion ICST tokens will go as planned:

  1. The project plans to raise 30,000 ETH, where 10,000 of it will be raised from cornerstone investors. (1 ETH = 36,000 ICST).
  2. 3 billion tokens will be released.
  3. The initial release will contain 30% of ICST tokens

Learn more on the ICST website – http://icst.io

Read the Whitepaper – http://icst.io/ICST%20White%20Paper%20-%20ENG.pdf

Follow on Twitter – https://twitter.com/ICST_global

Follow on Facebook –https://twitter.com/ICST_global

Check out the YouTube Channel– https://www.youtube.com/watch?v=MhOXMzKPGAs

Learn more about the ICST on Medium – https://medium.com/@icstglobal

Media Contact

Contact Name: Jarrett Love
Email: marketing@icst.io


Images courtesy of ICST

The post ICST Puts Power Back Into the Hands of Artists with their Decentralised, Blockchain-based Content Sharing Platform appeared first on Bitcoinist.com.

Keplertek’s Extra Sale Now Live: Don’t Miss the Event of the Year!

The community asked and Keplertek listened. After incredible demand for Keplertek’s Community Building Stage and Pre-Sale (during which close to 7 million USD was raised in total), Keplertek decided to hold another stage of its Pre-ICO – namely, the Extra Sale. This will offer investors from all around the world (including the US and China) one final opportunity to take advantage of the huge 30 percent bonus on all purchases and become part of something big. 


Keplertek is considered the ICO of the year by leading Blockchain experts and insiders in the fields of Robotics and AI.

The 4 million tokens assigned to its Pre-Sale were all sold out within the first seven days — two weeks ahead of schedule. The Extra Sale is planned to last until June 21, 2018 (8 PM UTC+4). However, it has to be noted that within the first 24 hours of the Pre-Sale, over 900,000 KEP were already sold. While this set the stage for Keplertek’s great rise in the near future, it makes it all the more important for investors to participate early and not miss out on the opportunity of a lifetime!

KEP tokens are valued at $1.25 each and have a total supply of only 100 million. 61 percent of the total supply will be sold to investors, while 10 percent each are assigned to the team and preserve fund. Partners and advisers receive a combined 16 percent, with 3 percent being dedicated to bounty hunters. This is useful information because, with 61 percent of all tokens being sold, Kepler ranks among the most decentralized — and therefore trustworthy — initial coin offerings in the space. Conversely, projects where the team holds 80 or 90 percent of the total supply are no rarity, offering investors very little trust and opportunity for growth.

This not only leaves room for enormous growth in the long-term but also shortly after hitting major exchanges at the end of July 2018.

A study called “Digital Tulips” was recently released by Boston College’s Carroll School of Management. It examined over 4000 ICOs and discovered serious underpricing in most of them – Keplertek is one of the clearest examples. Average returns of 179 percent from the ICO price to the first day’s opening market price are the norm, and this average includes the countless fraudulent and malicious projects in the space. Just think of what Keplertek — the most interesting, trustworthy and professional project of the year — can achieve!

Blockchain, Robotics, and AI are the industries of the future. Uniting them through Keplertek’s highly innovative platform, Kepler Universe will change our world as we know it.

Don’t you wish you would have bought Bitcoin in 2008, or participated in Ethereums ICO in July 2014? This is your chance to get in on the ground floor of a project that has the potential to change our lives forever. Have faith in Keplertek’s unprecedented idea and its incredible team, which is working hard every day to make sure all goals are reached!

For more information visit www.keplertek.org and the following links:

Whitepaper: https://www.keplertek.org/v2/WP.pdf
Facebook: https://www.facebook.com/Keplertek/
Twitter: https://twitter.com/KeplerTek
Instagram: http://instagram.com/kepler.tek
Linkedin: https://www.linkedin.com/company/keplertektechnologies/
Medium: https://medium.com/@KeplerTek
Telegram: https://t.me/KeplerTechnologies

What are your thoughts on Keplertek? Let us know in the comments below!


Images and media courtesy of Keplertek

The post Keplertek’s Extra Sale Now Live: Don’t Miss the Event of the Year! appeared first on Bitcoinist.com.

Medicine Adherence Data Will Transform Healthcare Provision Worldwide

Patient data, when used in the right way can decrease healthcare costs by reducing waste, improve patient quality of life, and ultimately save lives. Medicine adherence data in combination with patient data can go a step further to improve patient experience and satisfaction, increase medicine safety and usability. Improving data quality and analysis can be effective in areas such as predictive medicine, patient relationship management, management of healthcare and measuring the effectiveness of certain treatments.


It is estimated that only 50% of patients worldwide adhere to the medication they are prescribed, accounting for over 50% of visits to the doctor, over 40% of long-term care admissions, and over 40% of hospital readmissions. In total, the worldwide cost of non-adherence is more than USD 700 billion per annum – with the amount increasing by 13% each year.

Clearly getting more patients to take their medication as prescribed is vital to improving healthcare provision and quality of outcomes. In so doing, national healthcare providers can use their resources efficiently, cut down on waste and deliver quality outcomes based on best practice.

Recent news reports and legislative changes have brought personal data use into the limelight with the implementation of the General Data Protection Regulation (GDPR) in Europe. It stipulates that all EU citizens are entitled to know what personal data of theirs has been stored, and gives them control on how it is used.

One way around this data conundrum is with the use of standardized and anonymized datasets. Curaizon, a pioneer of medicine adherence technologies has developed CuraData, a solution that anonymizes personal patient data so it can be used by healthcare providers, medical researchers and pharmaceutical companies.

Using machine learning and AI technologies, the CuraData platform will generate datasets on adherence based on anonymized big data and use its technologies to facilitate end-to-end data integration, collaboration between different players in the healthcare sector, and predictive modeling of the efficiency of different medicines. Its adherence technology will also help improve understanding of the efficacy of drugs, reducing costs of medical research and development while increasing competition in the pharmaceutical sector.

Curaizon’s data is stored in an appropriately domiciled cloud, with permissions and pointers that control the data being held in the blockchain, ensuring the security, transparency, and immutability of medical records as access is restricted by the respective rules and storing points on the ecosystem. The CuraData platform will be deployed through national health services and as more patients and healthcare services input data the better the quality and functionality of the datasets produced.

For instance, doctors and practitioners will gain valuable insights into the shortcomings of existing treatments from patient feedback, and real-time information on non-adherence will help them understand any complications that could be linked to a specific drug or form of treatment, which they can feedback into the system to develop best practice. In turn, data scientists, academics and researchers at pharmaceutical companies can overlay their own data with within the CuraData platform to generate unique insights and further develop the ecosystem.

The indirect collaboration and information sharing from all parties will help reduce costs and waste incurred in healthcare provision and medical research. Used correctly, advanced adherence data analytics can increase efficiencies and quality in national healthcare systems to the benefit of patients and providers.

Curaizon is offering potential stakeholders the opportunity to buy into its technologies via its blockchain initial coin offering (ICO). The tokens, referred to as CTKN allows holders access the unique CuraData platform. There is no other way to access these datasets, and everything is posted on the blockchain in real-time. The public token sale started on June 8th, 2018.

How can Curaizon improve medication adherence and overall healthcare? Let us know in the comments below.


Images courtesy of Curaizon

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