Coinbase’s new VC arm raises thorny questions about the influence the startup wields across the crypto market and potential conflicts of interest.
One of the largest crypto assets has been under fire for its technical decisions, with some developers even branding IOTA the coin they love to hate.
Bitcoin Press Release: TriForce Tokens are building community-driven applications built on top of Ethereum to solve some common issues within the gaming industry. Specifically, our solutions look to address issues around revenue generation, developer, and player attraction/retention and fostering positive communities.
April 10th, 2018, Milton Keynes, UK – Blockchain gaming startup TriForce Tokens is launching “Raid Party”. A social engagement platform, dedicated to connecting the entire gaming community.
The TriForce Tokens platform is looking to revolutionize online gaming by enabling gamers to play the games they love and earn FORCE tokens at the same time.
Just one week after launching the sign-up, TriForce received over 21,000 registrations. This was such an incredible beginning to the start of the platform, that it already has popular, live, working apps already being built upon it.
TriForce Tokens is also involved with advanced talks with several Indie Game Developers, several of which are signed up to integrate with Raid Party and FORCE already. The team and project have secured an incredibly bright future after a very successful token generation event. Alongside its wealth of impressive partnerships, the TriForce Tokens project has begun its journey to become the world’s most adopted and universal games and entertainment cryptocurrency.
What makes the project so unique?
At its core, TriForce Tokens is bringing players to indie game developers, giving them incredibly natural ways to retain players and leading to more profitable business models. This is done through unique reward mechanisms built into several applications, like our scheduled mobile app release, Raid-Party. It’s just one way for gamers to earn from in-game achievements and collaborate together, ( even across games and platforms ) for a more rewarding gaming experience for everyone.
TriForce Tokens is currently positioning its technology as an indie developer incubator for the Latin America market through its partnership with levelup.com, (the largest games entertainment publisher in Latin America) with over 1 million users. No other gaming token is positioned to become such a widely adopted currency, with real potential for for real-world usage outside of simple in-game asset trading.
Leading Games Industry Advisers
The TriForce Tokens vision has attracted the attention of some impressive gaming industry leaders, including:
The former world champion of CS: GO, Danny Montaner and former manager to the world’s largest and most popular gaming organization, Faze Clan. Danny approached TriForce CEO Pete Mardell and they instantly identified a shared vision for collaboration and positive value to the gaming community.
“ TriForce Tokens quickly caught my attention with the aim of being a community centered token. Not only are there various forms of protection and security, there is everything you would need to engage in your community. Also, it is important to note that there are multiple sources of revenue generation that until now have been untapped for any content creator and developer. This is something the industry lacks as there are no profitable solutions to engage in the community while growing it and securing it. TriForce Tokens not only seems to solve a lot of these issues but also implements an honorary system to keep the community fun and safe for everyone.”
~ Danny Montaner, @OfficialfRoD
Vadim Bulatov, currently Head of Social Marketing at Wargaming.net, the creator of World of Tanks, World of Warplanes and World of Warships, is also a valued adviser. Vadim also approached Pete Mardell, following the project’s vision of community collaboration and recognizing that cryptocurrency is positioned to revolutionize the gaming world at a business level.
The team has secured an impressive network of partnerships including globally recognizable organizations and institutions: Coventry University, TIGA, LDJ Capital run by David Drake (Leading expert on ICO Bench) and many others.
Most impressively is the project’s recent partnership with Busca Todo: owners of LevelUp.com and Tarreo.com — Latin America’s largest video game content providers. This entertainments industry group has over 7 million active visitors and 1.1 million subscribers on YouTube.
President-Founder Ramon Toledo and his team are working closely with us to position our FORCE cryptocurrency to be not just a gaming token, but an entertainment industry token, building real-world utilization through strategic partnerships.
“Cryptocurrency is the beginning of something great as it is already permeating markets that seemed out of reach years ago. We are truly excited about joining forces with TriForce Tokens and revolutionize the gaming experience in Latin America once more. Gamers in Latin America will now have the opportunity to earn money through gaming, as simple as that”.
- Ramon Toledo, CEO, President & Founder, Busca Corp
Chairman at LDJ Capital, David Drake is one of the most recognizable, successful and celebrated venture capitalists in the investment business. When TriForce Tokens initially spoke with David at the beginning of 2018, he immediately recognized the potential within the company’s business and offered his invaluable experience in an advisory position. David Drake is considered as a founding father of crowdsourcing in the US, having founded the US Crowdfund Intermediary Regulatory Advocates (CFIRA) and US CrowdFunding Professional Association (CfPA).
Drake chairs the NY-based multi-family office LDJ Capital which has more than 50 global directors and maintains relations with institutions and family offices that manage assets worth $1.5 trillion.
“TriForce Tokens have big ambitions to shake up the gaming industry with the introduction of unique strategies to harmonize the games community. I recognize the exceptional aspects that this project is introducing to the industry and with its strong backing from the business division of a globally-recognized University in the UK plus the advisory team, it is a serious contender for this space. We look forward to helping this project grow and the team to realize their vision.”
– David Drake, Chairman at LDJ Capital.
About TriForce Tokens
TriForce Tokens aims to become the industry standard on multiple gaming platforms offering player-to-player trading, anti-piracy and a unique first to a market honorary system that rewards collaborative gameplay. Carefully implemented blockchain technology will allow the developers entirely new revenue models, lower player attrition rate, player behavioral analysis and will create a new gaming experience for players where they can build a digital asset empire.
Visit the Official TriForce Tokens Website: https://triforcetokens.io/
Download the TriForce Tokens Whitepaper: https://triforcetokens.io/resources/white-paper-v3.21.pdf
Subscribe for ICO updates: https://triforcetokens.io/
Find us on Facebook: https://www.facebook.com/triforcetokens/
TriForce on Twitter: https://twitter.com/triforcetokens
TriForce Tokens Slack: https://triforcetokens.io/slack-invite
TriForce Tokens Telegram: https://t.me/TriForceTokens
Visit TIGA: http://tiga.org/
Visit CoinPayments.net: https://www.coinpayments.net/
TriForce Tokens on Bitcointalk: https://bitcointalk.org/index.php?topic=2222731
Contact Name: Jake Ashby
Phone: +44 (0) 747 332 8053
Location: Milton Keynes, UK
Company: TriForce Tokens LTD
TriForce Token is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high-risk tolerance. Only participate in a token event with what you can afford to lose. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The Force token sale is closed to US participants and participants of all countries in which ICOs are illegal.
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The post PR: TriForce Opens Register List for Raid Party App. Gets Over 21,000 Sign-Ups in its First Week appeared first on BitcoinNews.com.
The Bermuda Monetary Authority (BMA) claims that it is seeking to develop a comprehensive framework that would offer cryptocurrency businesses a safer and more stable environment through new proposed legislation.
The authority claims that by seeking public feedback on proposed anti-money laundering laws designed to regulate domestic cryptocurrency activity, it will better be able to develop this framework and environment.
According to a report by the Royal Gazette on Thursday, Bermuda’s minister of national security Wayne Caines believed the industry needed well-rounded regulation before it could flourish. He maintained that the BMA had 20 companies in London waiting to do business, commenting that “it’s actually phenomenal”.
In a paper released on Thursday, Bermuda’s financial regulator said the proposed legislation – the Virtual Currency Act – would call for cryptocurrency exchanges, wallet services and new coin offerings to collect and keep records of their customers. Regulation of ICO organizers would not be part of the act as the aim is not prohibition, but development, said legislators. ICOs would fall under separate legislation.
The Caribbean and Bitcoin
Caribbean governments and businesses are showing increasing interest in currencies like Bitcoin. In recent years, due to slow growth and high debt rates, major US banks have become more reticent about doing business in the region, frequently withdrawing capital from Caribbean markets. This has created a deficit of banking services inciting local banks to engage in illegal activities such as facilitating money laundering.
The sluggish economy and the tourist industry on which it mostly survives need a boost, and Bitcoin is proposed by some as a way of energizing it. The Caribbean Tourism Organization plans to introduce cryptocurrency payments for tourist services and integrate Caribbean economies in the region through the use of virtual currencies.
“Tourism is the largest single contributor to the Caribbean economy. It is absolutely critical to every single Caribbean nation’s well-being and development. We see this as a very natural and necessary association,” said Rawdon Adams, CEO of blockchain payment startup Bitt.
There is enthusiasm for new technology among several Caribbean economies through the adoption of cryptocurrencies as the Eastern Caribbean bank considers its own currency, the Digital Eastern Caribbean Dollar (DXCD), with eight governments and economies behind the project.
It is unclear if Bermuda would be able to sign up for the region’s digital currency as it is not officially listed as a Caribbean island due to its location in the Sargasso Sea.
The post Bermuda Pushes Ahead to Promote Cryptocurrency Growth appeared first on BitcoinNews.com.
Indian exchange platform Coinsecure suffered the worst cryptocurrency theft in the country’s history this week, with 438 Bitcoins syphoned out of user accounts into an address outside of the platform’s control. This was the equivalent of approximately USD 3.5 million.
The International Business Times reported that the theft came to light when users began complaining they could not access their funds over several days. The Coinsecure website issued an official notice on 12 April, assuring users that a First Information Report (FIR) with the Cyber Cell of Delhi had been filed and that they were working to recover all of the lost funds.
The notice outlined details of the apparent hack, noting that it appeared to occur when its chief security officer (CSO), Dr Amitabh Saxena, was extracting Bitcoin Gold. Dr Saxena claimed that the funds were ”lost in the process during the extraction of the private keys”.
As it is only the CEO and the CSO that maintain access to the private keys of the company’s wallet., this makes the circumstances behind the extraction particularly suspicious, leading the exchange to believe that the CSO created the story to cover up his own theft.
The FIR outlines their accusation, stating, ”The incident reported by Dr Amitabh Saxena does not seem convincing to us. The exchange in the FIR requested the authority to seize Dr Amitabh Saxena’s passport so he cannot fly out of the country.”
A second update on the Coinsecure website assured users that their Indian Rupee (INR) funds were safe, calling on members of the Bitcoin community for any information that could help secure the return of funds.
Crypto fraud in India
The last few months have seen several cases of similar fraudulent behavior in India. The founder of cryptocurrency investment fund Gainbitcoin was arrested earlier this month for allegedly scamming victims out of USD 300 million. The year to date has seen USD 670 million worth of cryptocurrencies stolen through fraudulent activities.
Investors are encouraged to put in research before parting with funds to protect themselves from such scams. It is important to ensure that platforms used are secure, with KYC policies being preferable. Due to the decentralized nature of cryptocurrency trading, it is often very difficult to recover stolen funds.
The post Coinsecure Loses $3.5 Million in Bitcoin in Suspected Hack appeared first on BitcoinNews.com.
Bitcoin Press Release – Cryptagio exchange has officially announced its launch with the support of 7 demanded cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), EOS (EOS), Tron (TRX), VeChain (VEN), OmiseGo (OMG), and Icon (ICX). Within the first month, new users are welcome to try out the exchange’s features with 0% trading fee, as well as receive bonuses in Cryptagio Tokens (CPG).
April 10th, Tallinn, Estonia — Cryptagio incorporates incomparably fast trading mechanisms, distinctively clear, user-friendly interface, multi-factor security system, and responsive 24/7 support infrastructure. Through acceleration of the exchange process, high liquidity, and easy-to-use API, the exchange will meet the needs of beginners and experienced crypto holders.
Cryptagio’s CEO Sergii Vasylchuk said;
“We are committed to ensure a perfectly functional and consistently stable trading environment, allowing our users to create and develop much potent crypto portfolios in a strikingly fast, easy and safe way.”
The newly registered users will be able to trade for free during their first month. Every next month they will be charged a 0-0.25% trading fee, depending on volumes traded. Withdrawal fees basically cover only mining fees and, therefore, are the lowest on the market. The deposit fee will be fixed at 0%.
To bring more value to its users, Cryptagio has designed their own token. Unlike many others, Cryptagio token (CPG) was created with a single purpose of providing beneficial terms and gainful experiences within the platform. New users will gain bonuses for trading in CPG tokens, which can be later used to get a 50% discount on trading fee, or exchanged for other cryptocurrencies.
The platform was built in response to the rapidly growing demand for the most potent cryptocurrencies on today’s market. Cryptagio will start as a crypto-only exchange, initially supporting 7 digital assets, with the aim to add more in the nearest future. The platform is also going to introduce additional useful features, such as mobile app, support of fiat, FIX API, margin trading, PAMM, etc.
Introducing an advanced platform with comprehensive infrastructure that could precisely accommodate the cryptocurrency market needs was our primary objective. Though the platform development started in the second half of 2017, it has been rapidly evolving ever since.
Today, due to the team effort, Cryptagio delivers fully-functional, exceptionally fast and responsive trading mechanism, built to ensure instant matching of the placed orders as well as timely communication of the updates. Our support infrastructure, designed to help users resolve any issues in no time, demonstrates efficiency, towering above competition.
To learn more visit the Website: https://cryptagio.com/
Contact Name: Vladyslav Makarov
Contact Email: email@example.com
Cryptagio is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
About Bitcoin PR Buzz -Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR
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British national Renwick Haddow, 49, has been charged with two counts of wire fraud and extradited from Morocco to the US.
The US Department of Justice charges are connected to two fraudulent startups allegedly defrauding investors of more than USD 36 million.
Haddow was originally charged in the US in June 2017 and arrested in Morroco the following month. Geoffrey Berman, the US Attorney for the Southern District of New York, and William Sweeney Jr, assistant director-in-charge of the FBI’s New York office, reported that Haddow had been extradited from Morocco and is scheduled to appear in a New York court on Friday.
According to Attorney Berman, “Haddow made material misrepresentations… about the management, operations and historical performances of the companies.”
One of the startups under investigation, the ‘Bitcoin Store’, was supposedly led by CEO ‘Gordon Phillips’, who was said to have received a master of science degree in finance from Yale and to have previously been head of global currency and options at HSBC. The FBI investigation showed that neither Yale nor HSBC had any records for Phillips.
According to Haddow, the Bitcoin Store had generated sales of USD 7.6 million whereas the firm’s bank account showed a balance of only USD 500, according to the investigation.
The US Securities and Exchange Commission (SEC) originally filed charges against Haddow last year for misleading investors. It reported that the Briton had claimed to have had an “experienced team of leading investment professionals” behind the company. The Department of Justice confirmed that “he alone was the brains behind the bitcoins store” and that the “experienced team” was Haddow’s own fabrication.
The Moroccan ministry of justice originally held Haddow to investigate the Bitcoin Shop, Bar Works, and a third startup, In Crowd Equity. He faces jail of up to 20 years for each of the charges.
Morocco’s foreign exchange authority has stated that the use of cryptocurrencies within the country can lead to penalties under existing rules, although the Moroccan exchange regulator, along with the Central Bank of Morocco, state that they will continue to regularly monitor the development of cryptocurrencies around the world.
The post Briton Extradited from Morocco over Alleged $36 Million Bitcoin Fraud appeared first on BitcoinNews.com.
Yahoo Japan has announced plans to purchase a 40% minority stake in cryptocurrency exchange BitARG. The platform is headquartered in Tokyo, scheduled for launch later this year.
BitARG has accepted the offer from Yahoo Japan’s subsidiary, stating, ”As a result of this capital participation, the Company will be able to utilize the service operation and security expertise of the Yahoo Japan Group, which will make it easier for customers to prepare for the start of the exchange service managed by the Company and to improve the operation after the commencement. We will promote the provision of secure exchange services.”
Reuters has reported unofficial figures regarding the financial terms of the agreement, estimating the deal to be worth between USD 18.5 million and USD 27.8 million. BitARG has been granted a license to operate as a domestic cryptocurrency trading platform from Japan’s Financial Service Agency (FSA), making the deal far more financially viable for Yahoo to invest in.
Yahoo has also reportedly scheduled additional investments through alternative subsidiaries to support the development of BitARG throughout this year and next.
The deal is particularly significant as Yahoo Japan is one of the most popular websites used in the country, ranking as the fourth most visited website, while also being home to Japan’s largest online auction site. Yahoo itself is a top 40 website globally in terms of traffic rank; a tech conglomerate of this stature entering the cryptocurrency sector could be a significant benefit for the industry.
Yahoo is not the first corporate giant to invest in the cryptocurrency industry; last week Monex, an online brokerage servicing Japan, confirmed a complete acquisition of exchange platform Coincheck. The cryptocurrency trading platform was experiencing an onslaught of criticism due to its poor security assurances that led to the theft of USD 530 million worth of NEM tokens.
Japanese bank SBI has plans to launch its own cryptocurrency exchange. As Japan’s FSA strengthens regulations around security measures for such projects following the Coincheck theft, startup projects such as this will have to prove they can comply with more stringent security checks.
The post Yahoo Japan to Be 40% Stakeholder in Crypto Exchange appeared first on BitcoinNews.com.