Cisco has released new information about a bitcoin phishing scam that involves websites masquerading as Blockchain.info.
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T.Mickauskas: Bitcoinus Will Rule the Blockchain Payments in 2 Years
Global e-commerce revenues rise at around 20% annually and the pace should continue this way for at least several years to come. This year the numbers should exceed trillion level when we combine all worldwide sales expectations.
Now if we look at currently absolutely astonishing increase in capitalization of cryptocurrencies, there are a few assumptions to be made. Since 2017, Bitcoin alone rose over 1400% in value it gets very tempting and obvious that more and more retail consumers going to switch to cryptocurrencies. Most of them will maintain the focus on the growth of their capital. However, a very common practice is to spend a little bit of gain on small retail purchases and the trend has only started to appear.
E-commerce continues to skyrocket
Online purchases in most cases compile to around 10% of all global retail sales. The number is also growing every year and the future is clear – the e-commerce will eventually dominate the market. While according to Statista, over 19% of all sales were online based in China it only adds up to around 6,7% in Japan. The numbers are projected to increase at least 15% every year.
Switching back to cryptocurrencies, it is important to note that only a tiny fraction of e-commerce companies offer payments in Bitcoin, Ethereum or any other altcoin. The overall industry of online crypto payments is far away from exceeding 1% of all transactions.
Bitcoinus is an online crypto processing company targeting this – once in a lifetime – market opportunity to expand at an incredible pace.
“Media attention to blockchain based products and specifically cryptocurrencies like Bitcoin is overwhelming. The reality, on the other hand, is that the real revolution and the switch to this form of financial freedom is yet to happen. We started Bitcoinus to help people and businesses to maximize their gains by utilizing blockchain technology. It is now or never and between the two, we chose NOW.” – Says Tomas Mickauskas, the founder of Bitcoinus.
Crypto Payments in Every E-Shop
The main idea beyond Bitcoinus is to make all types of cryptocurrencies available to retail customers wishing to buy any item online with their bank cards. Beyond the complex process of transaction lies the simplicity of two click payment. An individual will no longer need to go through a long and exhausting process of buying cryptos, storing them safely and then sometimes losing in cases of unfortunate events or scams.
Bitcoinus will introduce the merchant reputation system where all of the online businesses will be rated according to their performance levels and transparency. Ensuring commercial trust between the two parties is the key when we speak about the immediate adoption of the technology.
Another reason why Bitcoinus will make its way to dominating the industry is its relatively low cost to any of the existing competitors. 0.5% transaction cost is what the standard package of Bicoinus payment processing will be. In comparison to any credit card processing gateway companies, the commission sometimes only adds to as little as 10% of the regular pricing. Getting 90% discount for the service clearly brings strong opportunities for cost optimization and lower prices to the end retail clients.
Financial ICOs Bring Overwhelming Returns
2017 was a year of many successful ICOs and impressive capital gains. The infrastructure of blockchain based technology for retail user is only on its way and many of the ICOs were suggesting their outlook on many industries.
When it comes to financing, there was no shortage of great success stories, some of which are worth mentioning to make a point of where the market is headed. Tezos ICO attracted over 2 million and the return on their token has already brought over 1100% rate to the contributors. The example is impressive and shows how much the community is into new promising blockchain projects.
Tezos is not alone with this level of short-term return to its supporters. Another great example could be Status which generated an even higher rate of around 1500% returns.
When we speak about financial companies, one of the most shining stars will have to be TenX. The ICO campaign claimed to simplify the everyday use of cryptocurrencies. They succeeded to attract a lot of international attention with the service and their new approach to crypto. The returns to this day amount to roughly 550%.
“Bitcoinus will deliver the much-needed infrastructure for all global online-based businesses and retail clients. Having in mind the fact that there is no industry leader as we speak it will certainly be interesting to get involved in the formation of this new market segment. We are ready to dedicate all our resources to make it to the top and I am sure we will. The need for the quality cryptocurrency processing will continue to increase at an overwhelming pace. Everyone, business or individual, will look to find the best way to pay or get paid in crypto. Bitcoinus will be exactly what they will be looking for.”– says Povilas Ruzgaila, the head of business development of Bitcoinus.
Bitcoinus ICO
The ICO of Bitcoinus will commence on 22nd of January. All contributors will be able to get generous 47% discount on BIU tokens. Some of the best examples of future benefits are free transactions to B2B clients who will be interested in adopting the cryptocurrencies as their additional new payment method.
All individuals who will support the Bitcoinus project will also be able to get a variety of discounts while shopping at Bitcoinus retail partners’ online platforms and e-shops. BIU tokens will be traded in all major exchanges to provide the liquidity, therefore, it will create all conditions for the token to be accepted as a payment method to all Bitcoinus partners.
Bitcoinus ICO presale will offer 8M tokens 47% off the regular price, starts on 22nd of January.
Website: www.bitcoinus.io
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Jeremy Grantham of GMO Investment Management Fears Bitcoin’s Bubble Will Burst in Two Years
Most financial experts still think Bitcoin is in a bubble. Jeremy Grantham is one of the people doubting there’s a bright future ahead for the world’s leading cryptocurrency. His track record of predicting two major market crashes gives him some sort of advantage when it comes to assessing the markets. In his opinion, the Bitcoin “bubble” will collapse in the next two years. An interesting statement, although no similar prediction has come through so far.
Very few financial experts have taken a liking to Bitcoin and cryptocurrency. It is an unrivaled form of money which removes the need for intermediaries and experts altogether. In a way, it’s only normal they all want to see it collapse rather than thrive. Jeremy Grantham, co-founder of the GMO Investment Management firm, is in the Bitcoin bubble camp. More specifically, he believes the world’s leading cryptocurrency will collapse in the next two years. It may even happen as soon as six months from today.
Jeremy Grantham Worries About Bitcoin and Stocks
The lack of fundamental value and unregulated markets are two pressing problems, according to Grantham. He even goes as far as claiming investors have a “delusion of grandeur”. Quite a strong sentiment, but one that isn’t entirely unexpected either. Bitcoin is the very essence of a bubble in Grantham’s eyes. However, that is not the only market he is concerned about right now. He also states how the stock market at large will collapse within the same time period. That is something few other experts have touched upon in recent months.
Whether or not any of these predictions will come true, remains unknown. Cryptocurrency enthusiasts feel the stock market will collapse a lot sooner than Bitcoin would. At the same time, we have seen some chinks in Bitcoin’s armor these past few weeks. Markets are still easily spooked, a situation which hasn’t improved in nine years. Moreover, it seems the explosive growth of the world’s leading cryptocurrency has been contained, for now. At the same time, one can never accurately predict how these markets will evolve in the coming days, weeks, and months.
While Jeremy Grantham is a respected individual, he may very well be wrong on both fronts. It seems as if the whole world has gone crazy when it comes to the financial sector. There are more pressing matters to worry about than Bitcoin and other cryptocurrencies. It is certainly true all of this “value” could be taken away from the people. Whether or not they will let it slide so easily, has yet to be determined. Rest assured this is not the last Bitcoin bubble story we will see this year. At least someone acknowledges the stock market is in a terrible shape as well.
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Cryptocurrency and Blockchain Tech Market Could Reach $10 Trillion in 15 Years, Says RBC Analyst
In a report published on January 3, 2018, Royal Bank of Canada RBC Capital Markets analyst Mitch Steves confidently stated that the cryptocurrencies and blockchain technology applications market could increase thirteenfold in 15 years, reaching trillion.Steves report, titled Crypto Currency & Blockchain Technology A Decentralized FutureA Potential Multi-Trillion Dollar Opportunity, has been sent to RBCs clients. A short summary has been shared on Twitter. In a video published by CN
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Get Ready for the New Year’s Blockchain Boost!
In these past few years, there has been a tremendous growth in interest in blockchain technology and cryptocurrencies in general. It showed businesses a new capital investment model – Initial Coin Offerings. ICOs are the new way of startup financing due to the inclusivity and global outreach offered. The technology offers a number of unique benefits, and the token sale is quickly becoming a valuable way to raise startup funds. With the ever-growing number of startups and up-to-date technologies, there really isn’t going to be another such exciting time to be a cryptocurrency investor.
Perhaps the most advanced beneficiary of the blockchain protocol is the gaming industry. In this year alone, the sector has witnessed an increase in development and adoption of blockchain powered gaming platforms as the annual revenues exceed 6 billion. Further contributing to the revolution is the growth in spending on video games by the millennial generation as gaming consoles replace PCs as the preferred gaming platform. A recent analysis by GameIndustry.biz shows that players are playing on consoles as much as they are on PCs. Now, with the implementation of blockchain solutions, PC gaming could once again witness exponential growth.
Game Machine is one particular startup in the gaming industry to have embraced blockchain technology. The platform plays a unique role in the gaming industry by creating a loyal gaming audience while bringing together all the stakeholders including game developers, gamers, advertisers, game studios and more. The platform is powered by GMIT tokens and uses a combination of Limited Proof of Work, Proof of Authority and Proof of Stake principles to ensure transparency while maintaining credibility of the ecosystem. The main features of Game Machine include Game Crowdfunding through Rise Machine, Game Machine Client for mining, Ads machine – Advertising Exchange and the Exchange Machine – a cryptocurrency exchange for gamers.
Through Game Machine, developers can raise necessary funds to create and launch their dream games, gamers can earn by playing and advertisers get sufficient exposure within and outside the gaming community.
Currently in the midst of an ongoing token sale, Game Machine is an ambitious project that is powered by a clear vision and fundamental ideas. Established in March 2017, the team of bright-minded individuals has since achieved more towards the firm’s ultimate goal. Game Machine’s CEO, Taras Dovgal explains in a news release;
“Game Machine is constantly developing and growing. Currently, the team consists of 15 members. It isn’t a big group, but we can easily say that we’re friends and are united by the same ideas. We also have additional help from talented marketers, designers, and traffic-managers”.
Game Machine has already produced a working product. The team has just released an Open Beta version of its client app, which consists of a miner and a store of items for popular games such as CS:GO and DOTA 2. The client app has attracted over 30,000 users in less than a month and a half as gamers only need to share their PC’s processing power and not hard-earned money.
As the product development continues, the platform aims to further expand its library of games and other digital items as more and more projects are included in the pool. In 2018, the Game Machine team looks forward to providing constant product updates while releasing the first version of the app for developers and investors. The platform has already raised close to million through the ongoing token sale. And those planning to participate stand to receive a 5% bonus for a limited time. The GMIT crowdsale will continue until January 31, 2018. Once the token sale is over, GMIT will be listed on at least 3 major exchanges, ready for exchange and trading.
Token holders will also be able to sell their tokens to gamers and developers for a better price. They can also invest in the most promising projects on Game Machine by following complex data and quality predictions supplied by the platform.
In the near future, Game Machine will be implementing neural networks and artificial intelligence into the platform, which will play an important role in tackling instances of fraud.
More information about Game Machine and its ongoing token sale is available at – https://goo.gl/BFLAo6
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My New Year’s Resolution? Revisit Blockchain’s Fundamentals
Entering what could be another growth year, author William Mougayar invites the blockchain industry to take a step back and remember the basics.
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Bitcoin Among Year’s Top Searches, Google Data Says
New data from Google suggests internet users searched for information on bitcoin at a rate that outpaced some of the top news stories this year.
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Bitcoin Among Year’s Top Searches, Google Data Says
New data from Google suggests internet users searched for information on bitcoin at a rate that outpaced some of the top news stories this year.
CoinDesk
Post Malone and 21 Savage Host Crypto New Year’s Eve at the Legends Room
Las Vegas–The Legends Room, the world’s only blockchain-based nightclub, rings in 2018 with two of the hottest names in music -Post Malone and 21 Savage on New Year’s Eve.
The Legends Room is the only nightlife venue anywhere in the world that accepts bitcoin, ethereum and other digital currencies for services including New Year’s Eve tickets and tables. The club even has its own digital token that trades under the symbol LGD on the Bittrex exchange. Users of the club’s token receive special benefits such as preferred seating and pricing.
“Bitcoin is one of the biggest stories of 2017 and Post Malone and 21 Savage are two of biggest artists of the year. This combination is a perfect only in Las Vegas moment,” added Nick Blomgren founder of the Legends Room.
Ticket prices start at .00 for one (1) female general admission ticket with private spaces and tables ranging from 0 to ,000 for a stage-side VIP space for up to 20 guests. Tickets include an open bar, complimentary bottles and heavily passed appetizers until 12 a.m based on various tiers.
In addition to digital currency, the Legends Rooms accepts all forms of traditional payments such as cash and credit cards.
Tickets are on sale at www.legendsroomlv.com.
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Sberbank Chairman: Blockchain Adoption Could Take 10 Years
The head of Sberbank believes that the wider-scale implementation of blockchain in Russia could take as long as a decade.
CoinDesk