TokenCard

Ethereum Based Debit Card ‘TokenCard’ ICO Raises $12.7 Million in 30 Minutes

admin Altcoins, Bitcoin 2.0, ICO's, Smart Contracts, Visa 0 Comments

TokenCard, which according to their website aims to create a smart contract powered debit card, just managed to raise almost $13 million in about 30 minutes through eth itself as well as other ethereum based tokens, such as SingularDTV (SNGLS). The majority of the funding came through eth, with almost 170,000 sent, valued at around $12,782,000. Some 1.6 million SNGLS tokens were sent with the next biggest being 6,600 Golem (GNT) tokens, which in combination are valued at around half a million dollars. Tokencard ICO stats according to their website. So the figures sort of don’t add up, but they could be using a different price for eth. The token sale, however, has encountered problems. An ethereum proponent and ICO participant found out that those who sent SNGLS received far more tokens than those who sent eth, paying a dollar equivalent of $0.0699 per token while ethers paid in a range of $0.52 to $0.78. A representative from Monolith Studio, which is to create the TokenCard, stated “all is fine” before adding that “on a scale for [sic] 1 to 10 in terms of seriousness; this is a 1.” Many would disagree, giving blatant unfairness in the token sale process, …

Vinny Lingham: Bitcoin Price Will Reach $3,000 in 2017

Vinny Lingham: Bitcoin Price Will Reach $3,000 in 2017

admin 2017, Bitcoin, Bitcoin 2.0, Bitcoin Awareness, Bitcoin ecosystem, Bitcoin Market Capitalization, Bitcoin News, Bitcoin Predictions for 2017, Bitcoin Price, Blockchain News, BlockChain Technology Opinions, China Market, Crypto News, Cryptocurrency, In the News, Vinny Lingham 0 Comments

Vinny Lingham, co-founder and CEO of Civic.com released a highly anticipated blog post entitled “Bitcoin 2017: A Currency Devaluation Hedge for Emerging Markets” on December 28 to share his thoughts on Bitcoin and its price trend in 2017. In his analysis, Lingham predicted that the Bitcoin price will double or triple within the next 12 months. Over the past year, Lingham has been one of the few analysts who accurately predicted the price trend of Bitcoin. In a blog post published in April, Lingham told his readers that Bitcoin would reach a market cap of $15 bln by the end of the year. Today, it surpassed the $15 bln mark, reaching its all-time high market cap. The reasons behind strong performance The vast majority of mainstream media outlets and analysts have cited economic and financial factors as a reason for Bitcoin’s price rally. Various events such as the demonetization of banknotes in India and Venezuela, crackdown on Wealth Management Products (WPMs) and tightening of capital controls played a strong role in the rising price of Bitcoin. However, Lingham notes that most failed to acknowledge the impact of rising Federal Reserve rates on the value of Bitcoin. When the Federal Reserve increases …

4 Reasons Why Your Nation Will Kill Cash For A Digital Currency

admin Bitcoin Bank, Bitcoin Politics, Bitcoin Regulations, Bitcoin Startups, Bitcoin Venture Capital, In the News, Institutions & Corporate Client Safeguards, Technology, The Future Of Money 0 Comments

Yes, I’m talking to you. Yes, I’m talking about your country, whether it is Russia, China, or the United States. The more modern and advanced your economy, the faster it is coming your way. The discussions have been going on for a couple of years now on how to do it. The only question is when to spring it on the masses. If you are in a less than a state-of-the-art economy, like Pakistan or Guam, you probably have a lot more time left with the paper. Most of us aren’t so lucky. Cash has been on the clock in the most advanced nations for years, with central banks limiting how much cash you can get, even from your own account. Limits have been dropping to as low as 5000 units of paper in some nations, and even then you will have to surrender your ID or go through some level of interrogation. The future of money does not include paper, and here are four reasons why digital currencies will become your official national currency. Reason #1 – The best way to control a nation is to control its money supply Governments are all about control. Whether it is doling out …

Feature Interview: Paul Puey Puts “Buzz” into Bitcoin with Airbitz “2.0” and Fold

admin Bitcoin 2.0, Bitcoin News, Bitcoin Startups 0 Comments

Like a caffeine-infused jolt, Airbitz’s announcement late last year that it will be promoting bitcoin by offering discounts at Starbucks (20%) and Target (10%) has energized cryptocurrency enthusiasts worldwide. This initiative is part of a collaborative partnership with Fold, a digital card app that was seamlessly integrated onto the Airbitz bitcoin wallet. The hope is that incentivizing consumers to save money will encourage both current bitcoin users as well as those new to the digital currency to engage in its use for everyday purchases. This much-ballyhooed development by Airbitz, which officially launched its bitcoin wallet in October 2014, comes on the heels of $450,000 in seed funding that the company received from the blockchain venture capital firm Block26. BTCMANAGER had the opportunity to talk with Airbitz CEO Paul Puey about this partnership with Starbucks and Target and what it portends for the future of bitcoin consumer commerce. On Collaboration Puey first learned about Fold App in 2014 and determined it to be a powerful driver of engagement for those unfamiliar with bitcoin. But he felt that there were some challenges in terms of its fluidity and seamlessness for the user. So an initial meeting occurred with Fold in 2014. Later, …

Blockchain Start-Up “Colu” released Dashboard and Sandbox API

admin Bitcoin 2.0, Bitcoin Startups, Blockchain, CoinGreed, Cryptoequity 0 Comments

Colu recently released two new updates to help new users create more innovative blockchainsolutions. The Colu Dashboard aims to be the central location for viewing and managing digitalassets. The Sandbox API aims to enable users to quickly test code and view results. Amos Meiri, co-founder of Colu, began exploring blockchain technology while still working atFinancial Services Giant E-Torro back in 2012. Amos began interacting with the blockchaincommunity early on, to help develop a new way to transfer assets over the blockchain. After putting in months of effort and over $100,000 of investment through E-Torro, Amos and his co-founders David & Mark turned their focus to enabling developers to transfer value over the blockchain. This focus led them to found Colu, which since it’s launch 5 months ago has already enabled over 20 use-cases. Amos Meiri, co-founder of Colu said: “As a team, we found that working with the blockchain was extremely difficult for those just starting out. Therefore, we felt starting a platform, which would make it easier for developers to issue assets on the blockchain was vital.” The use-cases enabled by Colu are wide-ranging, from decentralized voting platform in theHonduras Island “Voto-Social” to secure product warranties on the blockchain, …

Bitcoin Creator Satoshi Nakamoto Appears… From Australia

admin Bitcoin 2.0, Bitcoin Awareness, Opinion, Satoshi Nakamoto 0 Comments

The global investigation to discover the true identity of Satoshi Nakamoto seems to have come to an end by pointing out a 44 years old australian IT security business man named Craig Steven Wright. The search for Satoshi Nakamoto has been going on for at least five years now, but the quest is now probably over, after new evidence including blog posts, emails and accounting statements, has been leaked by an anonymous source to tech websites Gizmodo and Wired. Satoshi Nakamoto is the owner of over one million Bitcoins, which, with the price level at time of writing, equals to $400 million USD. The truth is probably less exotic than we imagined, as the inventor of Bitcoin is far from being a secluded, unsuccessful physician/engineer of japanese origins, but a much more ordinary Australian business man. The anonymous source gave proofs going from a clear blog post date 10th January 2009 to a PGP key Satoshi required people from the project to use, passing through his ex-wife claim that he was working on “digital money”, his use of email satoshi@vistomail.com, an address used in early development Stages by Satoshi Nakamoto, and his activity in lobbying in the Australian Taxation Office …