Factom Raises $140k in First Day of ‘Software Sale’

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Factom has raised 579 BTC, or roughly $140,000, through the first day of its crowdsale. The blockchain-based record-keeping network launched its crowdsale yesterday at 17:00 UTC on decentralized application platform Koinify, offering 2,000 Factoid tokens (FACTs) for every 1 BTC pledged by prospective users. The pricing values Factoids at the same initial asking price as Ethers, the token sold during decentralized publishing platform Ethereum’s 2014 crowdsale that eventually garnered upwards of $12.7m. Factom Foundation board chairman David Johnston pointed to the fact that the project had sold more than 1m facts in the first day as another indicator of its success. Johnston told CoinDesk: “I believe this first day of software sales for Factom shows there is strong interest in technology that is focused on scaling the blockchain and providing its features of transparency and honesty to whole new categories of businesses.” The $140,000 in first-day sales surpasses the $111,000 decentralised messaging service GetGems raised during the first two weeks of its invite-only sale, the first to be held on Koinify’s platform last December. Upon launch, Factoids will serve as the payment method users will need to communicate with Factom’s servers. Factoids will run on their own blockchain within Factom. The “early bird” …

MBIT CASINO REVIEW – Exclusive Offer! Get a 1 BTC Welcome Bonus

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MBIT CASINO REVIEW One of the newest additions into the equally new and growing world of Bitcoin casinos is mBit Casino, trying to get on the bandwagon that is supposed to save the online casino players from the growing restrictions that countries across the world impose on the traditional online casino industry. mBit Casino has successfully transferred the same online casino experience to which we are used to. This is done by ensuring fair play with off-shore license issued by a reputable licensing jurisdiction and certified games, all to give players the same competitive opportunities and chances for big wins as standard online casinos. mBit Casino is a brand owned and operated by mBet Solutions N.V., which is licensed in Curacao. MBIT CASINO BONUS New players at mBit are welcomed with a 100% 1 BTC (one bitcoin) on their first deposit. Players can simply sign up here and en contact support in the bottom right corner of the website and ask for the bonus. DESIGN AND PERFORMANCE mBit Casino has a nice and flowing design that follows the latest standards in web design. The website is really cool to gaze upon, and the people behind the casino have made a great …

Bitreserve Tool Lets You Watch Bitcoin Transactions in Real-Time

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Bitreserve has launched Changemoney.org, a real-time visualisation tool to show its users how money is held, used and transferred on its platform. The microsite enables users to filter the results by currencies and plots the data on a 3D interactive globe, offering behind-the-scenes insight into activities. At press time, the site showed that the storage platform held $1,259,153 in bitcoin in its wallets. Speaking about the launch, Halsey Minor, founder and CEO, said that the new tool was in line what he believed to be the tenets of digital currency – inclusion, fairness and transparency. The CEO and CNET founder, said that he hoped Changemoney.org would help more people understand the power and potential of digital money, adding: “Change money and the unbanked can become banked. Immigrants and the working poor can keep more of their hard-earned pay. Small businesses and startups can compete on a level payments playing field against corporate giants.” “Change money and the black-box model of today’s banking sector can be replaced with a glass-house model defined by real-time transparency,” he concluded. Currency additions The platform has also added two more currencies, the Indian rupee and the Mexican peso, raising the total available to eight, after its …

Coinkite Tor Release Lets Developers Bypass Bitcoin Bans

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Bitcoin wallet and technology provider Coinkite has announced Bitkit, its bitcoin wallet API, is now available for the anonymous communications software Tor. The company framed the launch as one that will empower entrepreneurs working in countries with more restrictive laws against bitcoin, or that have moved to block bitcoin services, to build bitcoin apps and manage funds with its API. “If you’re a developer making your site in a country that doesn’t allow you to do bitcoin properly, now you can access Tor through Coinkite and let us manage the operational wallet and you don’t have to worry about that,” CEO Rodolfo Novak explained. The exec went on to say that services including the ability to send bitcoin via SMS and email, generate receiving addresses, check balances and import private keys are just some of the features that will now be enabled for Tor. Still, Novak stressed that, despite Tor’s ability to provide greater degrees of privacy, he believes the API will most often be used for legal purposes. Novak told CoinDesk: “I’m always surprised by the amount of Tor users that are using bitcoin. If you’re an exchange and you’re using Coinkite as your operational wallet, now you don’t even …

Spare Change-to-Bitcoin Service Lawnmower Aims for Main Street Investor Appeal

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“There’s a metaphor to it,” CEO Pieter Gorsira explains, addressing his startup Lawnmower, and its, by bitcoin industry standards, unconventional name. If the name Lawnmower at first keeps users at a distance, however, the explanation does much to illuminate the novel concept the Boost VC startup is hoping will help it become a low-risk bitcoin investment solution. “Working backwards, it’s like we’re running the lawnmower over the grass and we’re clipping off a little bit of change. So, as you go along, we slice all these little blades of grass and collect change from these transactions,” Gorsira continued. Put more directly, Lawnmower uses an API developed by Spark Capital-backed Plaid to connect to users’ online banking accounts at Bank of America, Chase, Wells Fargo, Citibank and US Bank. From there, Lawnmower watches its users’ accounts for transactions, rounding up the purchase of say a $3.50 latte to $4 and saving that 50 cents for later. Once users have accumulated at least $4 in total savings through small debit or credit purchases, Lawnmower purchases bitcoin on behalf of the user. The effect, according to Gorsira, is a solution to bitcoin’s volatility that also allows investors a chance to get exposed to its potential …