Voxelus Raises US$500,000; Announces Unique Bonus and Rewards System

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Virtual reality content creation platform and marketplace Voxelus has announced a unique bonus and rewards system for cryptocurrency enthusiasts and buyers of its in-game digital currency Voxel, after raising US$500,000 in the first day of its 30-day token crowdsale. The crowdsale of Voxel will be distributed into 3 phases that will last until December 2, 2015. Early buyers and participants of the crowd sale will be able to purchase the digital currency for as low as 1200 voxels per bitcoin. As the crowd sale progresses however, the price will increase gradually and the tokens will eventually be sold at 750 voxels per bitcoin, 7.5% higher than the initial rate. The 30-day crowdsale is currently being facilitated by instant cryptocurrency exchange ShapeShift, the company which also recently facilitated a series of crowd sales for blockchain-based cards trading game Spells of Genesis and Ethereum-built decentralized prediction market Augur. According to the Voxelus team, the company is offering 15% of all possible voxels during this crowd sale. The remaining 85% will be gradually released over the next 20 years, which will be allocated for software development, content creator bounties and marketing. “Voxels are the official currency of virtual reality,” claimed Voxelus chairman and …

Apple Allows Another Bitcoin-Based Mobile App

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Apple recently started to give more freedom to iOS app developers in integrating digital currencies and in-game tokens including bitcoin. Yesterday, the California-based tech giant has approved another bitcoin-based mobile game application called Wheel of Bitcoins, which pays bitcoin directly and immediately to users’ email, from the app. Wheel of Bitcoins is a casual roulette game, with which users spin to win different combinations of bitcoins. Once users earn bitcoins in the game, the app sends it through Xapo directly to users’ emails, allowing users to instantly withdraw or cash out bitcoins. Since the approval of various bitcoin tipping-enabled iOS games and applications such as Game of Birds in June, bitcoin has been increasing its presence in the Apple Store, with 7 bitcoin-enabled games and applications being registered in the store over the past few months. Popular bitcoin-based mobile game developer Bitcoin Alien has had 3 of their applications in the Apple store for over 3 months, after the approval of the Apple team. According to the company, Apple is well aware of the game’s bitcoin payout system and is happy with it. “The team was actually accepting of them, had a few questions but they absolutely know that we …

Is This Man the Reason Behind the Bitcoin Price Surge?

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Bitcoin price analysts are struggling to identify the rationale behind the sudden price spike in the cryptocurrency’s value as it broke the US$400 mark on November 3, surpassing a market cap of more than US$6 billion. One thing for sure is that nobody can deny the effect China has had on the market in November 2013, the first time it surged past the US$500 mark. This time around, however, things might be a little different. According to research done by Finance Today’s Izabella Kaminska, this recent Bitcoin rally could be caused by a Pyramid Scheme named MMM, orchestrated by Sergei Mavrodi, a convicted Russian serial Ponzi scheme organizer. Mavrodi, whose latest Ponzi scheme targets Chinese investors, has never shied away from admitting that his enterprises are all Pyramid schemes, in fact, he promotes his new program as a PyraMMMid where investors are urged to post profit testimonials on YouTube to “increase their revenues.” According to the English version of the website, new members are required to purchase Bitcoin, which they then pump into the Pyramid Scheme’s “mutual aid” program, paying off the earlier adopters, with a promise of 30% return on their investments at the end of the month. The program …

Gyft Unveils New Tech for Blockchain-Powered Gift Cards

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Gyft and bitcoin API developer Chain have partnered to create Gyft Block, a trading platform aiming to make gift cards easier to exchange. Announced at Belfast’s MoneyConf, the news marks Gyft CEO Vinny Lingham‘s latest step in transitioning his mobile gift card company from one of bitcoin’s most active merchants to a more direct supporter of its underlying technology. Gyft Block is part of Gyft’s broader mission to digitize gift cards so that they can be securely traded using bitcoin’s public ledger, the blockchain. Termed ‘gift cards 2.0’, the ambitious project was first revealed at SXSW in March and followed Lingham’s own involvement as an advisor and investor in so-called ‘crypto 2.0’ firms, including Koinify and Trustatom. A statement from Gyft implied that the platform could solve real problems for the $100bn gift card market: “Consumers can redeem different forms of digital value in a single transaction: for example, a consumer can buy a cup of coffee by combining a gift card, branded reward point, and coupon, since all blockchain-based digital assets operate on the same open standards.” In an accompanying white paper, Gyft’s head of special projects Guillaume Lebleu suggests Gyft Block would seek to establish a common API for gift card issuers that more closely replicates …

BITCOIN IS THE FUTURE: PAYPAL CHANGES TERMS OF SERVICE TO TAKE YOUR CONTENT

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PayPal has joined forces with Bitcoin as a sort of keep-your-friends-close-and-your-enemies closer tactic. Bitcoin is designed to overtake and make obsolete services like Paypal and Western Union. It is faster, less expensive, and doesn’t require their third-party services to accomplish the same objectives. It is a better PayPal, and they know it. Now that the Internet has borne this superior option, it would be wise for PayPal to foster a stronger connection with its customer base to keep them happy and in the fold, no? PayPal doesn’t see it that way. In fact, they may be looking to drive more people towards the freedom and convenience of Bitcoin with their upcoming changes this summer. PayPal’s Terms of Service to change July 1st, 2015 If you haven’t seen this, you should, and you should share this with your friends, family, anyone who used PayPal in connection with a website providing online content. On July 1st, 2015, Paypal will update it’s TOS agreement to take away any and all intellectual rights to any content you provide online. If you use Paypal to accept PayPal, they will attempt to take ownership of any online content you add to your business or website. Here is …

Did Bitcoin Create more Jobs than the US Federal Government Did in 2014?

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Introduction: Ever since Bitcoin’s Genesis Block was mined back in 2009, Bitcoin has been growing exponentially to the extent that its value increased from less than one cent to $1124.76 in November, 2013. Claimed to be the best financial innovation throughout the last 500 years, bitcoin is continuously macadamizing the path for creation of unique business ideas, projects and startups that can conceive thousands of jobs and opportunities for bitcoin enthusiasts all over the world. Bitcoin – A Whole New World: Although Bitcoin had been around since 2009, it only gained considerable attention in late 2010 following the release of the WikiLeaks by Julian Assange who faced an organized financial blockade by the US Federal government as Paypal, Bank of America, Western Union, Mastercard and Visa refrained from transmitting donations to WikiLeaks. Accordingly, Assange started accepting donations via Bitcoin which boosted its price during the early months of 2011. Furthermore, the launch of Silk Road, an online market for illicit drugs that only accepted bitcoin for payments, early in 2011 was responsible for another bitcoin bullish rally during that period which pushed the price up to $31.91 as of the 8th of June, 2011. Not only computer geeks and hackers …