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Greystone Logistics, Inc. (OTCMKTS:GLGI) Files An 8-K Results of Operations and Financial Condition – Greystone Logistics, Inc. (the “Company”) issued a press release regarding results of operations for Greystone Logistics, Inc. for the year ended May 31, 2018. A copy of the press release dated September 11, 2018 is attached hereto as Exhibit 99.1. The information being furnished hereunder discloses EBITDA, a non-GAAP financial measure within the meaning of Regulation G promulgated by the Securities and Exchange Commission. EBITDA is a useful measure of evaluating its financial performance because of its focus on the Company’s results from operations before interest, income taxes, depreciation and amortization. Read more: https://marketexclusive.com/greystone-logistics-inc-otcmktsglgi-files-an-8-k-results-of-operations-and-financial-condition-4/2018/09/
VNUE, INC. (OTCMKTS:VNUE) Files An 8-K Entry into a Material Definitive Agreement – The Company entered into a joint venture agreement with Music Reports, Inc., (“MRI”). Music Reports (musicreports.com), a trusted leader in music rights licensing, will partner with VNUE to provide Performing Rights Organization data to VNUE’s Soundstr MRT (music recognition technology) platform through its extensive Songdex database, and will integrate automated direct licensing capability and royalty payment and distribution into the Soundstr platform. Once a song is identified by Soundstr, Songdex will in turn provide a deep data set such as song ownership as well as the entire chain of rights, including publishers, sub publishers, and PRO information. Read more: https://marketexclusive.com/vnue-inc-otcmktsvnue-files-an-8-k-entry-into-a-material-definitive-agreement-2/2018/09/
Aspen Insurance Holdings Limited (NYSE:AHL) Gets Downgraded to Neutral by Buckingham Research with a Price Target of $42.75 – Today, Aspen Insurance Holdings Limitedstock was downgraded by Buckingham Research from Buy to Neutral with a price target of $42.75. There are 4 Hold Ratings, no Strong Buy Ratings, no Sell Ratings, no Buy Ratings on the stock. The current consensus rating on Aspen Insurance Holdings Limited is Hold with a consensus target price of $41.6875 per share, a potential 1.68% upside. Recent analyst rating: 9/10/2018-Aspen Insurance Holdings Limited gets downgraded to Neutral by Buckingham Research with a price target of $42.75. Read more: https://marketexclusive.com/aspen-insurance-holdings-limited-nyseahl-gets-downgraded-to-neutral-by-buckingham-research-with-a-price-target-of-42-75/2018/09/
Amazon.com, Inc. (NASDAQ:AMZN) Had its Buy Rating Reiterated by Macquarie – Today, Macquarie reiterated its Buy rating on Amazon.com, Inc. (NASDAQ:AMZN). There are 47 Buy Ratings, 1 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock. The current consensus rating on Amazon.com, Inc. (NASDAQ:AMZN) is Buy with a consensus target price of $1,984.3555 per share, a potential 2.70% upside. Some recent analyst ratings include: 9/10/2018-Amazon.com, Inc. (NASDAQ:AMZN) had its Buy rating reiterated by Macquarie; 9/10/2018-Amazon.com, Inc. (NASDAQ:AMZN) had its Outperform ? Buy rating reiterated by Wells Fargo & Co with a $2,300.00 price target. Read more: https://marketexclusive.com/amazon-com-inc-nasdaqamzn-had-its-buy-rating-reiterated-by-macquarie-2/2018/09/
OneGram Gold-Backed Cryptocurrency to Bridge Islam-Cryptocurrency Gap – OneGram, a gold-backed cryptocurrency where each coin is backed by one gram of gold, first launched with the desire to bridge the commodities-cryptocurrency disparity. Now, the OneGram Group of companies wants to bridge the Islam-cryptocurrency gap. The group plans to list its own sharia-compliant coin, reports Reuters. The news comes just days after launching the cryptocurrency in South Africa. One unit of the token corresponds to at least a gram of gold held in a physical vault. The idea is to avoid the element of speculation which sharia law proscribes. Read more: https://marketexclusive.com/onegram-gold-backed-cryptocurrency-to-bridge-islam-cryptocurrency-gap/2018/09/
Eurasian Economic Union Ready to Develop a Regional Settlement Currency – The Eurasian Economic Union (EEU) is now ready to develop its sown settlement currency to serve the whole region. The said currency may be driven by a blockchain based technology. This was revealed by the chairman of the Eurasian Development Bank (EDB), Andrei Belyaninov. He reported this at a recent Eurasian Media Congress held in Almaty, Kazakhstan. Eurasian Economic Union’s potential. Eurasian Economic Union has the potential to do so following the recent sanctions imposed against Russia. The sanctions were issued by the Trump Administration in the U.S. Read more: https://marketexclusive.com/eurasian-economic-union-ready-to-develop-a-regional-settlement-currency/2018/09/
UK Meds-Stratis Partnership to Leverage Blockchain in Drug Prescriptions – Stratis, an end-to-end blockchain applications firms, will work with UK Meds to improve the online drug prescriptions niche. Announcing on its website, the firm reveals that the UK Meds-Stratis partnership will help prevent, among other things, multiple prescriptions. UK Meds is an online pharmacy that brings together doctors and patients over the internet. Headquartered in the UK, the pharmacy has operations in Asia and the Americas. The new partnership promises to help the pharmacy properly handle the more than 3,000 daily prescription orders. UK Meds will deploy Stratis’ blockchain solution to specifically track prescription orders. Read more: https://marketexclusive.com/uk-meds-stratis-partnership-leverage-blockchain/2018/09/
Iranian Authorities to Consider Crypto Mining as An Industry – According to the secretary, the mining of digital currency is now being increasingly accepted by the Iranian authorities. The government has even given a green light to mine cryptos such as the Bitcoin (BTC). However, a legal structure to regulate the crypto sector is not yet available in the nation. The secretary, Abolhassan Firoozabadi revealed that major government authorities have since accepted the sector. They include the country’s Central Bank, the Ministry of Information and Communications Technology. Others are Ministry of Industry, Mine and Trade, Ministry of Economic Affairs and Finance and the Ministry of Energy. Read more: https://marketexclusive.com/iranian-authorities-to-consider-crypto-mining-as-an-industry/2018/09/
Netcoins Adds Bitcoin Cash to Its List of Supported Coins – Users can now access Bitcoin cash (BCH-USD) on Netcoins. According to a press release, BCH will be available for “immediate access purchase” later this week. News.Bitcoin.com reports that as Netcoins adds Bitcoin cash, the coin’s enthusiasts can now access it at over 21,000 locations. The locations are spread over Canada, Europe, and Australia. Further, the statement adds that the coin will be available in other jurisdictions where cryptocurrency is legal. A big boost to adoption as Netcoins adds Bitcoin Cash to its platform. Bitcoin cash is one of the major digital tokens since the advent of blockchain technology. Read more: https://marketexclusive.com/netcoins-adds-bitcoin-cash-to-its-list-of-supported-coins/2018/09/
Abra Now Supports SEPA Bank Accounts – European users of Abra can now transfer money from their bank accounts to their Abra wallet. This is after the announcement that Abra now supports SEPA bank accounts. This means that members of the European Union will be able to invest in any of the 28 supported cryptocurrencies. Included in the Single Euro Payment Area (SEPA) zone are member states of the European Free Trade Association. Additional digital coins available. In addition, Abra has revealed in a recent press release that three more cryptos are available for trading. Cardano (ADA), Basic Attention Token (BAT), and Tron (TRX) are the new additions as the platform expands. Read more: https://marketexclusive.com/abra-now-supports-sepa-bank-accounts/2018/09/
Australia Working with IBM on National Blockchain – Australia is working on a national blockchain that small businesses can use as part of the digital economy revolution. The government through its science research division Data61 has engaged the services of tech giant IBM (NYSE:IBM) and law firm Herbert Smith Freehills to work on the proposed blockchain. IBM, which has forged a string of partnerships and helped a number of companies come up with blockchain innovations, to work o blockchain itself. The blockchain is geared towards making it easy for small businesses to transition away from paper-based systems, in addition to helping them carry transactions out on smart legal contracts. Read more: https://marketexclusive.com/australia-working-ibm-national-blockchain/2018/09/
China Focused on Blockchain Innovations as Patent Filings Surge – China is keen on exploring and exploiting blockchain technology innovations. The country leads the pack when it comes to patent fillings around the emerging technology. Most of the patent filings have come from some of the country’s big tech companies that are looking to enhance their products, service delivery, and efficiencies. Alibaba, for instance, has filed more than 10% of the patents, detailing new applications for enhancing its e-commerce and cloud businesses. Tencent and Baidu are other tech giants that are leading the onslaught around the emerging technology. That said, China now accounts for 56% of the total blockchain patents made. The U.S. comes a distant second at 22%. Read more: https://marketexclusive.com/china-focused-on-blockchain-innovations-as-patent-fillings-surge/2018/09/
Tippr Bot Has Distributed More Than $1OOK In Bitcoin Cash Through Reddit – Since the introduction of the app, Tippr has so far tipped people more than $100,000 in Bitcoin Cash (BCH-USD) value. This figure only represents those who have been tipped across the Reddit forum. The sum is equivalent to 76 BCH at current prices. Tipping bots are platforms that enable users to transfer small amounts of digital currencies to one another. Users have increasingly been using such platforms to transfer micropayments to each other. Thus, people have been utilizing Tippr to tip BCH across social media networks like Facebook, Reddit or Twitter. Read more: https://marketexclusive.com/tippr-bot-has-distributed-more-than-1ook-in-bitcoin-cash-through-reddit/2018/08/
Iomob and Centrality Partner on Joint Venture – Iomob and Centrality have made public their joint venture to build an Urban Mobility decentralized protocol. The latter has agreed to strategically invest in the former, to aid in accelerating its business development. Centrality is an Asia Pacific based venture studio. It is among the leading blockchain-based venture studios globally. The firm has offices in London, Singapore, Melbourne, and Auckland. It focuses on partnering with innovators across key sectors to develop a marketplace of apps. Read more: https://marketexclusive.com/iomob-and-centrality-partner-on-joint-venture/2018/08/
Indonesians Still Trade Bitcoins Despite Central Bank Warning – Back on January 13th, Bank Indonesia issued a statement of caution to the nation proscribing trading Bitcoins. The institutions warned that cryptocurrency is illegitimate in the country. Less than eight months later, over 1 million Indonesians actively buy and sell Bitcoin. There is so much potential for cryptocurrency in the country that Coinhako launched its trading platform early this month. Based in Singapore, the start-up operates a trading platform as well as e-wallet services for Bitcoin (BTC-USD) and other altcoins. Read more: https://marketexclusive.com/indonesians-still-trade-bitcoins-despite-central-bank-warning/2018/08/
Deutsche Boerse Buys Minority Stake in Blockchain Firm HQLAx – The Deutsche Boerse has recently bought a minority shareholding in the blockchain based firm HQLAx. This move follows the partnering of the two firms 6 months ago. The partnership was aimed at creating a blockchain based trading solution. They jointly utilized Corda technology from R3 Consortium to develop a securities lending network. Deutsche Boerse Group is a German exchange operator that offers transactions services. As of 2015, the Germany exchange had a total equity amounting to $4.327 billion. Meanwhile, HQLAx is a collateral and liquidity management company. It offers liquidity-based solutions to large institutional investors. Read more: https://marketexclusive.com/deutsche-boerse-buys-minority-stake-in-blockchain-firm-hqlax/2018/08/
Deutsche Boerse Buys Minority Stake in Blockchain Firm HQLAx – The Deutsche Boerse has recently bought a minority shareholding in the blockchain based firm HQLAx. This move follows the partnering of the two firms 6 months ago. The partnership was aimed at creating a blockchain based trading solution. They jointly utilized Corda technology from R3 Consortium to develop a securities lending network. Deutsche Boerse Group is a German exchange operator that offers transactions services. As of 2015, the Germany exchange had a total equity amounting to $4.327 billion. Meanwhile, HQLAx is a collateral and liquidity management company. It offers liquidity-based solutions to large institutional investors. Read more: https://marketexclusive.com/deutsche-boerse-buys-minority-stake-in-blockchain-firm-hqlax/2018/08/
Huobi Acquires a Controlling Stake in Pantronics Holdings Ltd – Huobi has quietly bought a 73.73% stake in Pantronics Holdings. Pantronics filed shareholding disclosures on August 21, 2018 to the Hong Kong Stock Exchange. The filing transferred over 221 million regular shares to the Chairman of Huobi Group. The acquisition is a reverse takeover that seeks to recognize Huobi on the HKSE. Such a reverse takeover is oftentimes referred to as a backdoor listing. The deal is valued at $77 million with an average of $0.35 per share. However, Huobi is yet to offer an official statement regarding the reports. The move adds Huobi to a growing list of companies that are planning IPOs. Earlier this week, Bitmain, Canaan Creative and Ebang Holdings revealed plans to go public. Read more: https://marketexclusive.com/huobi-acquires-a-controlling-stake-in-pantronics-holdings-ltd/2018/08/
TRAXION Seeks to Connect Producers and Consumers in Mindanao with Blockchain – Blockchain may be coming to the Philippines thanks to TraXion. According to Davaotoday.com, a local news outlet in Mindanao, the company seeks to implement the technology by connecting large companies to micro-entrepreneurs. TraXion is a transaction management company that specialises in blockchain technology. The company hopes to enable the people of the island of Mindanao to receive their salary securely using electronic wallets. Ann Cuisia, TraXion CEO, believes the project will help lift the livelihood of residents to a new level. Read more: https://marketexclusive.com/traxion-connect-producers-consumers-mindanao-blockchain/2018/08/
Chinese Crypto Currency Mining Firms to Float IPOs Amid Fears of Viability – Despite falling demand for chips and bearish Bitcoin price action, three mining firms plan to float IPOs. The news comes further amid a cryptocurrency crackdown that has intensified in China. The companies are Bitmain, Canaan Incorporated and Ebang International Holdings. The companies have chosen to go public at time that the crypto market is experiencing a lot of problems. Key among them is the fact that the market is at the moment down around 70%. The companies are confident that they will feather the headwinds and make profits in the future nonetheless, or so they broadcast. Read more: https://marketexclusive.com/chinese-crypto-mining-float-ipos-fears-viability/2018/08/
Canadian Government Seeks More Transparency in Operations As it Adopts Ethereum Explorer – The government of Canada is not done yet with blockchain technology. Apart from providing an enabling environment for blockchain to thrive, the government is keen to incorporate it in its operations. The National Research Council (NRC) announced that it has built an Ethereum-based explorer. The NRC is a government body tasked with managing research programs funded by the Canadian government. Dubbed the Industrial Research Assistance Program (IRAP), the initiative is the central player in this drive. The program will play host to the Ethereum blockchain explorer. NRC said the explorer was developed by Bitaccess. The explorer, dubbed Catena, will be hosted on the InterPlanetary File System (IPFS). Read more: https://marketexclusive.com/canadian-government-seeks-more-transparency-in-operations-as-it-adopts-ethereum-explorer/2018/08/
Canadian Government Seeks More Transparency in Operations As it Adopts Ethereum Explorer – The government of Canada is not done yet with blockchain technology. Apart from providing an enabling environment for blockchain to thrive, the government is keen to incorporate it in its operations. The National Research Council (NRC) announced that it has built an Ethereum-based explorer. The NRC is a government body tasked with managing research programs funded by the Canadian government. Dubbed the Industrial Research Assistance Program (IRAP), the initiative is the central player in this drive. The program will play host to the Ethereum blockchain explorer. NRC said the explorer was developed by Bitaccess. The explorer, dubbed Catena, will be hosted on the InterPlanetary File System (IPFS). Read more: https://marketexclusive.com/canadian-government-seeks-more-transparency-in-operations-as-it-adopts-ethereum-explorer/2018/08/
Clash & Go Combines Strategy and AR Through Blockchain – Ukrainian games maker Elyland has launched a new mobile game known as Clash & Go. The game that was launched on August 20, 2018, is based on blockchain technology. What sets the project apart though is that the strategy game also utilizes augmented reality (AR). Augmented reality’s first major test came in July 2016, following the introduction of the game Pokemon Go. It had not entered the mobile game sector before then. Nevertheless, a new player has since emerged, fusing AR with the blockchain technology. Since the mobile games industry is currently worth around $57.9 billion, Clash & Go aims to have a piece of the market. Read more: https://marketexclusive.com/clash-go-combines-strategy-and-ar-through-blockchain/2018/08/
Tradingview and Monarch Token to Support NASCAR Racers – US-based professional stock car racing team, Rick Ware Racing (RWR) has announced that Monarch Token has partnered with TradingView to support the team. Monarch Token is a leading cryptocurrency platform offering crypto-to-fiat payment solutions and TradingView is a social trading network. In the new agreement, the two companies will jointly sponsor RWR’s No. 51 Chevrolet Camaro ZL1 in the upcoming Bass Pro Shops NRA Night Race that will take place in Bristol. Renowned professional car racer, Reed Sorenson will be behind the wheels in the Chevrolet Camaro ZL1 that was launched recently. It will be the first such event for RWR. Read more: https://marketexclusive.com/tradingview-and-monarch-token-to-support-nascar-racers/2018/08/
Ripple’s xRapid Adds Partners in Bid to Increase Number of Banks Using Platform – In a recent announcement, Ripple (XRP-USD) has revealed that it has added three partners to its cross-border payments platform xRapid. The product enables financial institutions to move fiat across borders swiftly unlike the traditional means which takes more than two days to transfer. This move is a major boost to Ripple’s digital token XRP, which has long been criticized for lacking utilities. The partnerships aim for a healthy ecosystem for the token and may notch up the token’s worth against main competitors. The company has partnered with Bittrex, Bitso, and Coins.ph which are cryptocurrency trading platforms form the USA, Mexico and the Philippines respectively. Read more: https://marketexclusive.com/ripples-xrapid-adds-partners-in-bid-to-increase-number-of-banks-using-platform/2018/08/
Hack Suspect to Pay Bail in Cryptocurrency – A suspect facing hacking allegations has been ordered by a US federal judge to pay a bail equivalent to $750,000 in cryptocurrencies. The suspect is facing charges for hacking Electronic Arts (NASDAQ:EA), a leading video game company. He is said to have gotten away with in-game currency that was had been collected from buying and selling in-game items. Part of the coins also came from the sale of access to online games through black-market websites. Aspects of blockchain technology can be traced in almost all industry. This is likely to be the first case in which cryopocurrencies are being used to pay bail in an American court. Martin Marsich, the suspect, is expected to confirm payment of bail today, August 20. Read more: https://marketexclusive.com/hack-suspect-to-pay-bail-in-cryptocurrency/2018/08/
Market Morning: Jackson Hole, Pepsi Buys SodaStream, Roundup Fallout Spreads, Korean Families Reunited – The Federal Reserve will have its annual symposium at that infamous hole, Jackson Hole, Wyoming, known primarily for hosting an annual Fed conference. Every word, facial expression, and awkward pause of every speaker will be analyzed on a quantum scale for any hints of future policy moves. The official topic of the conference will be the economic impact of enormous firms like Amazon.com (NASDAQ:AMZN). Based on what the market decides are the hidden messages within the speeches to be given at the conference, stocks are likely to move strongly in one way or another, provided that everyone agrees on what is being interpreted as what. Prepare your tea leaves. The demonization of soda, or “pop”, as some people in the Midwest like to call it, has taken strong root in the U.S. Read more: https://marketexclusive.com/market-morning-jackson-hole-pepsi-buys-sodastream-roundup-fallout-spreads-korean-families-reunited/2018/08/
Jeju Island Seeks to Offer Reprieve to ICO – According to reports by JoogAng Daily, an English language news outlet for South Korea, Jeju Island, an island off South Korea, is seeking to become a blockchain technology haven in which cryptocurrency companies will freely raise funds through initial coin offerings (ICO). In a formal request to government officials, including the Deputy Prime Minister, Won Hee-ryong, governor of the tiny island, made the proposal asking for the island to be designated a “special zone for blockchain and cryptocurrency” in its interests to become a hub for the blockchain industry.” About 400 KM to the south of the mainland’s capital, the island is a major tourist destination. Per the reports, the Governor indicated that start-ups in the island will be at liberty to offer requests for funds through ICOs. Read more: https://marketexclusive.com/jeju-island-seeks-to-offer-reprieve-to-ico/2018/08/
Global Blockchain to Spearhead Adoption of Blockchain Technology In Dubai -- Global Blockchain Technologies has announced that it has been granted license to develop blockchain-based services and solutions within the Dubai Multi Commodities Centre (DMCC) Free Trade Zone. The Free Trade Zone is host to over 15,000 companies that employ an estimated number of 60,000 people who hail from over 170 countries. Global Blockchain seeks to accomplish the task through Blockchain Technologies DMCC (BTD), a subsidiary of the Canadian blockchain giant based in Dubai. The license gives BTD permission to develop a range of solutions for customers in the region who, as the company says, are free to join BTD in implementing projects related to blockchain technology. This move comes at an opportune moment as the UAE is implementing a strategy which seeks to put Dubai at the forefront of the blockchain crusade. Read more: https://marketexclusive.com/global-blockchain-to-spearhead-adoption-of-blockchain-technology-in-dubai/2018/08/
Blockchain Technology Development Receives Another Boost from Messaging Giant – CoinDesk reports that the Japanese messaging giant LINE has launched a cryptocurrency venture fund with the initial capital of $10 million. This commitment has been channeled through Unblock Ventures, a subsidiary through which LINE seeks to implement the crypto move. In a press release, the firm revealed that it intends to participate in the blockchain technology advancement by investing in digital currency start-ups. Per the release, Unblock ventures will be the firm’s sole fund manager. Meanwhile, the statement further says that the $10 million seed capital is “solely provided by LVC Corporation which is another offshoot of the LINE group. As part of the firm’s future plans, LINE group seeks to expand the capital size depending on the demand in the cryptocurrency space. Read more: https://marketexclusive.com/blockchain-technology-development-receives-another-boost-from-messaging-giant/2018/08/
Market Morning: Gene Therapy Deregulation, Amazon to the Movies, SEC on Musk’s Tail – Futures Up on China-U.S. Trade Talks, China at New 52-Week Lows. Washington sent an invitation to Beijing for trade talks in late August, and the Chinese have responded in kind. They plan to send their vice minister of commerce to discuss the situation, and U.S. futures are up on the news. Not so much for China, whose Shanghai Composite Index (NYSEARCA:FXI) hit new 52-week lows overnight, but has bounced somewhat since. Could the U.S. be “winning” the trade war? Not that a few days of market activity are particularly indicative. S&P 500 futures (NYSERACA:SPY) are nevertheless up handily at 0.3% after falling over 20 points yesterday. Futures however can deceive, as they were up yesterday, too, only to fall precipitously at market open. Read more: https://marketexclusive.com/market-morning-gene-therapy-deregulation-amazon-to-the-movies-sec-on-musks-tail/2018/08/
BitMEX on the Dangerous Side of the Coin – Cryptovest has reported unusual activity in the crypto market involving major Bitcoin trading platform, BitMEX. This is a digital wallet that stores digital tokens, a major platform on which most of the trades involving Bitcoin are traded. The digital wallet is reported to have received coins from about 17 different wallets totaling to “a hair above 18000 BTC”. What is more interesting about this transaction is that not only does it involve a very large number of coins but it also comes at a time when Bitcoin was just recovering from major losses against the US dollar. Per the report, the total dollar value of that transaction is in the region of $114 million. Although this may not represent even 0.1% of the total coins in circulation, it is a major transaction that can affect market sentiment. In this view, there has been a fiery storm on Twitter where the users have accused BitMEX of attempting to manipulate the market. Read more: https://marketexclusive.com/bitmex-on-the-dangerous-side-of-coin/2018/08/
EU Mulls Regulations for The Initial Coin Offerings Space – Over the last two years, there have been reports of Initial Coin Offering exit scams that have gone dark with total investments in the region of $96.8 million. According to Diar, a blockchain intelligence firm, the Initial Coin Offerings space has become very lucrative as wealthy investors rush to snap up deals. However, scammers have discovered the possibility of cheating out fortunes in the space, a phenomenon which the European Union seeks to remedy. As reported by Coindesk, a Member of the European Parliament “wrote a draft report on proposed regulations for Europe’s crowdfunding platform…” This framework provides an opportunity for the relevant authorities in Europe to regulate token sales. Read more: https://marketexclusive.com/eu-mulls-regulations-for-the-initial-coin-offerings-space/2018/08/
Hong Kong-based GSR Capital to Invest $270 Million in Blockchain Startup tZero – Hong Kong-based private equity firm GSR Capital recently announced that it will invest $270 million in a blockchain-based startup of Overstock.com (NASDAQ:OSTK) . A press release published by the American internet retailer confirmed that GSR Capital is planning to add around $30 million to its initial amount of investment in the ICO of tZero, a subsidiary of Overstock.com. If the Chinese private equity company seals the deal it will be one of the largest ever single investments made by a company in a blockchain startup. Immediately after this announcement by Overstock, the stock price of tZero shot up by over 20% and went up to $45.40/share. With the $270 million investment, GSR Capital will acquire a stake of 18% in the platform of tZero for securities issued on the blockchain platform. Read more: https://marketexclusive.com/hong-kong-based-gsr-capital-to-invest-270-million-in-blockchain-startup-tzero/2018/08/
DISH Network To Start Accepting Bitcoin Cash Payments – Leading American satellite provider, DISH, will start accepting payments in Bitcoin Cash (BCH-USD). The addition of Bitcoin Cash as a payment option is part of the company’s strategy of embracing innovative technologies. While making the announcement, the company explained that it is adopting new technologies so as to offer customers a safe, quick and efficient way of paying for the services. Before Bitcoin Cash, the company had added Bitcoin (BTC-USD) as a payment option back in 2014. It was the biggest mass adoption of Bitcoin at the time and allowed a large number of customers to start paying for online services using cryptocurrencies. DISH Network has contracted BitPay to be its payment processors for payments made in cryptocurrencies. DISH subscribers will now be able to use Bitcoin and Bitcoin Cash to pay and renew their subscriptions and pay-per-view events and movies. Read more: https://marketexclusive.com/dish-network-to-start-accepting-bitcoin-cash-payments/2018/08/
Tron Users Will Now be Able to Make Payments through Twitter – Over the last few months, Tron (TRX-USD), the world’s eleventh largest cryptocurrency, has been making headlines within the crypto sector. The currency successfully managed to move out of the Ethereum blockchain after launching its own blockchain called Mainnet. Additionally, the project unveiled its Virtual machine to users. There are several other projects still under implementation. Over months, Tron has also signed a few partnerships and secured listings on major platforms. Recently, it unveiled its App on Android called TronWallet. The app is expected to launch on iOS in the near future. Tron is heavily investing in improving the experience of its users. The company is in the news again after it signed a partnership with its payment platform Seedit to allow Twitter (NASDAQ:TWTR) users to make payments with the token. Read more: https://marketexclusive.com/tron-users-will-now-be-able-to-make-payments-through-twitter/2018/08/
Power-Intensive Crypto Mining Attracts Moratoria – Bitcoin.com reports various local governments imposing temporary bans on the mining of cryptocurrency. Back in March, the website carried news of the Chelan County Power Utility District (PUD) of north-central Washington effecting a moratorium on crypto mining on account of the intensity of power consumption of the activity. The region’s PUD commissioners exercised “an emergency moratorium on new high-density load hookups to give staff time to develop a plan for dealing with the demand for electricity from digital currency miners.” Other jurisdictions are following suit. The problem of overconsumption of electric power seems to be all over in areas where there are a lot of miners. On Saturday, Bitcoin.com again ran a story of another town imposing a moratorium on crypto mining. Read more: https://marketexclusive.com/power-intensive-crypto-mining-attracts-moratoria/2018/08/
The Market for Digital Token Trading Heats Up – In recent times, there have been numerous reports highlighting the ups and downs of various tokens as they swing from their all-time lows to all all-time highs and then back. The back and forth has been breathtaking and even some observers have gone ahead to profess an end to the era of digital tokens. To their surprise, the news has continued to look up though. The market for trading digital tokens has moved across the globe. Digital tokens pessimists have refused to go away. They have persisted in their insistence that however large the market for Initial Coin Offerings grows, the phenomenon is a vanity train that will leave a lot of loss and broken businesses in its wake. Many companies despite the warnings are showing interest in the market, which has been manifest in the numerous applications for digital assets licenses across many countries. Read more: https://marketexclusive.com/the-market-for-digital-token-trading-heats-up/2018/08/
Cryptocurrency Scammers on the Loose – Since Bitcoin, there have been so many digital currencies that have developed with the aim of taking a share of the pie. Trading cryptocurrencies has come to be so lucrative for some that it has attracted throngs of buyers and sellers who are out to cash in on the phenomenon. The promise of large sums of money in profits is too tempting for scammers to let pass by. In any environment where there is a lot of money in whatever form changing hands, there is a group of individuals with ill motives that want to net a fortune without actually breaking a sweat. This is what is happening in the crypto market. These individuals have taken advantage of the many tokens in existence that have been created to competitively participate in the market to steal from other people’s digital wallets. The media has been awash with reports of fake accounts created on Twitter that target unsuspecting individuals with digital token give-ways that are too good to be true, for example. Read more: https://marketexclusive.com/cryptocurrency-scammers-on-the-loose/2018/08/
QuarkChain, Oath, Ink Blockchain Partnership Deal – As the use of blockchain technology becomes prevalent, it is becoming important for measures of dispute resolution and governance to be dynamic. The security of transactions over the blockchain platform has also become a critical issue that needs to be constantly monitored and addressed. QuarkChain and Oath Protocol Partnership. In light of this, QuarkChain and Oath Protocol have decided to bring their capital and manpower together in a joint venture that will see a tectonic shift in the manner in which the scalability and security in the blockchain industry will be dealt with. QuarkChain is an innovative public blockchain platform that provides a blockchain architecture that requires absolutely no permissions, aimed at achieving commercial standards on a global level. At the core it seeks to provide blockchain solutions that meet the present security needs of the market and that are appropriately decentralized. Read more: https://marketexclusive.com/quarkchain-oath-ink-blockchain-partnership-deal/2018/08/