Niffler.co becomes world’s first simulated crypto exchange to payout FREE Bitcoin for “play dollar profits” over the Lightning Network.
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Niffler.co the FREE simulated cryptocurrency exchange and community is
launching an unique feature that allows traders the ability to cash out their
“play dollar profits” for real Bitcoin over the lightning network and directly to their wallets.
The new payout feature being launched by Niffler.co is designed to introduce those new to the space to not only the Bitcoin Lightning Network but is also meant to reward their community of global traders for ongoing crypto and blockchain education by way of trading cryptocurrencies successfully.
The new feature is completely free for all community members to participate in and as the Niffler.co platform continues to grow, the payouts will only get larger, the team says.
The notion of “earn to learn” has been around for some time, but the Niffler team always felt it ran a little short of what it’s name suggested. The goal of the new payout feature was to kill two birds with one stone. The first notion was to reward new and experienced traders for their successful trading habits by better understanding the day to day issues that come up in the space like market volatility or the need to “Do your own research” (DYOR) etc. Secondly, the team believes that the new payout feature is also a great way to help onboard those new to the cryptocurrency space and in particular Bitcoin, by allowing them to get their first taste of owning small fractions Bitcoin (Satoshi) and also getting their first opportunity to use the Bitcoin Lightning Network by way of a lightning network enabled wallet of their choice.
How’s it work?
The process is pretty simple, new users simply register on the site for free,
the platform then issues each trader $100k USD in play dollars to start with.
From there, traders can easily research projects directly on the platform, view project announcements, their trading history etc and ultimately decide which they would like to invest in.
Over time and by growing their main portfolio and play dollars wisely & consistently while also earning success badges along the way, traders will have the opportunity to redeem those play dollar profits for Bitcoin once they have secured a Lightning Enabled wallet to get paid instantly .
Education Equals Adoption
Niffler.co is the perfect launchpad for aspiring cryptocurrency traders looking to develop their skills and experience before investing their own capital as well as being a home to experienced traders looking to hone their existing skills by offering both basic and advanced trading features. By using “play dollars” to trade with and having the ability to get feedback on your trades from more experienced traders, direct messaging, multiple portfolios for different strategies, on-site charting, trade histories, the ability to add videos, articles, ability to add your TradingView charts and monitor your trades while they play out in real time, with live market prices, and now lightning network payouts becoming one of their stand out features, the Niffler team believes they bring something very different to the table from other simulated exchanges
The platform currently offers simulated trades for an initial selection of 16
cryptocurrencies or trading pairs including Bitcoin, Ethereum, Litecoin, XRP, Ravencoin, TUBE, EOS, Steem etc with plans to introduce further altcoins in the coming weeks. Crypto projects interested in listing their tokens as trading pairs on Niffler.co are also invited to reach out to Niffler.co team directly.
Niffler.co has big plans in the pipeline including launching their upcoming iOS app (Android coming soon), even more trading functionality, new trading pairs, an education center not to unlike Udemy and a few surprises that aim to change the way new traders are introduced to the cryptocurrency trading space and how experienced traders can continue to hone their skills. Needless to say, the Niffler.co team is not only excited about the next phase of the platforms growth, but equally as excited for the projected growth of entire crypto and blockchain space as a whole.
The post Niffler.co becomes world’s first simulated crypto exchange to payout FREE Bitcoin for “play dollar profits” over the Lightning Network. appeared first on Whale Reports - Bitcoin & Cryptocurrency News.
Bitcoin cannot be used in Thailand anymore
The central bank of Thailand has stated that any Bitcoin payments are illegal. One of the reasons is that there are currently no existing laws for cryptocurrencies. One local exchange had to stop its services due to the verdict.
Wired, states that the Thai central bank has stated that buying and selling Bitcoins is illegal. Also, it is no longer allowed to buy or sell anything with Cryptocurrencies in general aswel as receiving any from foreigners. It is unclear wheter the law will be changed but untill then the local bitcoin exchange Bitcoin Co. will be offline.
Illegal after discussion about the workings of Bitcoin Co. exchange
The statement came after the Thai central bank had a discussion with Bitcoin Co about the workings of the exchange. The conclusion was that no existing laws apply to any cryptocurrency for that matter. Due to this it was decided to declare all cryptocurrencies illegal. Longer ago the Thai central bank already stated that it didn’t see Bitcoin as a currency.
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You have experience with: > Bitcoins, other cryptocurrencies or the blockchain domain in general, > Sales of technology products or services, > Working independently and communicating efficiently. Job in a nutshell: > Assisting HQ office with sales initiatives in target markets (currently all European markets except Germany, Switzerland, Estonia, Malta), > Project based – three months with possible extension, > Remote – you speak the language and are based in one of the target markets, > Day to day: market research, working with leads, preparing marketing material.
The project’s top priority is fraud protection and bookmaker’s activity transparency (users can always verify the platform’s account balance). You can bet that betting will become more innovative.
People have been making bets since the earliest of times. In Ancient Greece, spectators used to bet on the Olympics’ participants, while in Ancient Rome – Romans used to bet on gladiators and chariot racers. Back then, people placed bets by agreeing with each other. Bookmaking as a business originated in Britain two millennia later. Throughout history governments limited or even prohibited betting and gambling, as they took the matter very seriously. Betting industry boomed in the 1990s as bookmakers started to accept bets via the Internet.
Crypto-betting is secure, fast and transparent.
Typical betting platforms share the same problems, such as opacity, geographical payment limitations and necessity to trust site owners who might fix the odds or refuse to pay-out the winnings. All these problems can be easily solved by implementing blockchain and cryptocurrency into the core of a betting system.
In the majority of cases gamblers are not able to keep track of the funds and trace the bets in a blockchain. Such bookmakers use cryptocurrency only for client generation and do not make the next step.
Blockchain technology can offer a solution that can break this cycle of mistrust and create a new standard for online betting. BetMatch project utilizes such a solution and offers betting based on blockchain technology.
BetMatch is a decentralized betting house that combines a classical business model based on traditional betting abiding by an unbiased paradigm that uses blockchain technology with a social betting network as the second (community-based) layer. BetMatch’s architecture offers several features that work together to create a safe and transparent betting system:
– elimination of the human factor and third-party influence on bet processing, results displaying and winnings pay-out
– all bets are unprecedentedly fair and transparent due to the use of blockchain technology
– cryptocurrency-only bets, which means no more payment systems’ fees on deposition and withdrawal or immense charges on the winnings
– “bookmaker’s guarantee” is replaced with “smart-contract”, which means that all the bets will be instantaneous and pay-outs can’t be delayed or cancelled
– using internal tokens for betting can reduce the internal fees twofold
BetMatch uses XBM internal tokens (Ethereum ERC20 standard). Using these for betting, users can drastically decrease the internal fees or even cash out said fees on top of the winnings. Users can also lease the XBM tokens to the users in need for a small percentage of their winnings. XBM tokens will also be awarded to active and useful members of the community, such as experienced forecasters or outstanding sports analysts. The token is listed and can be purchased on Latoken exchange (https://latoken.com/ico/ETH-XBM), Crex24 (https://crex24.com/exchange/XBM-ETH) and betmatch.io. The token has grown 500% since its launch.
Players using centralized betting systems risk losing their money, as the company itself decides how much will be paid-out in the end. BetMatch with its combined business model, however, is designed to create a long-term solution for modern cryptocurrency-based betting systems.
Funds are deposited on a smart-contract which automatically transfers currency for betting on the user’s account and pay-out is guaranteed by a dedicated liquidity pool the balance of which can be verified at any given moment. Every 100th block containing data on the private blockchain activity is uploaded to Ethereum public blockchain. That allows the system to operate with high speed but also provides security, decentralization and fail-safety.
Enjoy secure betting on BetMatch.io.
With the invention of digital currencies like Bitcoin, the world of online trading has opened up to a whole new demographic of people. This is due to the fact that trading in cryptocurrencies is far more easily accessible to average, everyday citizens than traditional stocks and bonds.
Prior to the cryptocurrency revolution, online trading was a relatively complex activity that only financial professionals undertook. However, with the advent of simple-to-use online bitcoin trading sites that require only basic details to register with, anybody can now be a Bitcoin trader. Most professional traders trade on complex cryptocurrency exchanges like BitMex or Binance but there are also simpler trading apps and platforms available like eToro or Coinbase Pro.
Whether you are new to Bitcoin or an old hand at trading, there are several qualities you should look for in a Bitcoin trading site. The basics include a site that is accessible from your country and one that supports a Bitcoin trading pair in your currency, but in addition to these, there are several other important points you should consider.
Cryptocurrency is a young and emerging industry, which offers some positive benefits in the form of limited regulations but also some negative ones in the form of, well, limited regulations.
There are many unregulated Bitcoin trading sites which present potential threats to customers. These are either in the form of a scam site which could steal your money or badly managed sites which could result in loss of funds due to operational errors.
The best way to find out if a site is reputable is to read independent online reviews first. Many sites pay people to write good reviews for them, so make sure the site has been around for a long time and has hundreds or thousands of reviews.
2. Exchange Fees
Once you have found a reputable site, the first thing to check is what fees it charges. Obviously, the site with the lowest trading fees is best but some sites might advertise low or zero trading fees without mentioning their high withdrawal fees.
I have heard horror stories of traders who have traded fee-free for weeks or months only to be hit with 50 percent withdrawal fees when they choose to cash out their profits. Make sure that the site you choose clearly details all deposit, withdrawal and transaction fees clearly.
When trading online you will often want to leave a certain amount of funds on a trading site or exchange to save time and money. For this reason, it’s important to find an exchange with very good security since it is essentially protecting your money.
All reputable sites will have secure socket layer protection (SSL) which is represented by the URL starting with HTTPS rather than just HTTP. This ensures any data transferred between you and the site is securely encrypted. In addition, sites should always use two-factor authentication (2FA) for access, which makes it almost impossible for hackers to break into the site by stealing customer login details.
4. Order Book Volume
Any decent trading site or exchange should have a high level of users trading on it daily. The trading sites order book volume is a good indication of just how busy the site is. This is also sometimes referred to, or can be measured as, ‘average daily volume’.
However, this isn’t a definitive measure as decent new trading sites might still be attracting customers and have a low order book volume or not display the order book at all.
5. Purchase and Deposit Method
Depending on your situation you may have different requirements for purchasing or depositing Bitcoin onto the trading site. If you don’t already have a Bitcoin or need to buy Bitcoin with a credit or debit card then you’ll need to find a site that supports crypto purchases with fiat.
However, most Bitcoin traders will already own some Bitcoin and have it stored in a digital wallet, in which case the only requirement is a trading site that supports cryptocurrency deposits.
Online trading is a risky business as it is and shouldn’t be made more dangerous because of an untrustworthy website. Always make sure to double check the five features above on any Bitcoin trading site or platform you choose to use.
A sixth factor to consider is customer service. While this may not directly affect your trading experience, it is important to know that you can talk to someone if problems arise. After signing up to a site, try to contact the customer support and see how quick and reliable their response is.
The post 5 Things to Look for in a Bitcoin Trading Site appeared first on CryptScout.com - Cryptocurrency News, Prices & Research.
Table of Contents 1. Pramiracetam Overview 2. Pramiracetam Claims 3. Pramiracetam Ingredients 4. The Science... more »
The post Pramiracetam Review (UPDATED 2019) – Is It Safe? appeared first on VKOOL Reviews: Bitcoin, Cryptocurrencies, Finance, Lifestyle and Health Reviews By Brown.
Cryptocurrencies traded sideways since our last report on cryptos. However, I noticed something interesting when playing around with Yahoo! Finance’s cryptocurrency screener: There are profitable pockets in this market.
Incidentally, Yahoo’s screener is far superior to the one on CoinMarketCap, so if you’re looking to compare digital assets, I highly recommend it.
But let's get back to my epiphany.
In the last month, at one point or another, most crypto assets on our favorites list saw double-digit increases. It’s true that each upswing was followed by a hard crash, but investors who rode the trend would have made a.
The post Cryptocurrency News: What You Need to Know This Week appeared first on Profit Confidential.
- Bitcoin Cash$305.81-1.66%
- Bitcoin SV$132.37-2.58%
- Binance Coin$27.23-1.87%
- Ethereum Classic$5.48-1.21%
- USD Coin$1.00-0.07%
In this episode featuring Scalar Capital Co-Founder and Managing Partner Linda Xie , you’ll learn:
- The basics of Bitcoin Cash is, and how it compares to Bitcoin
- How and why Bitcoin Cash was created
- The differences between the scaling approaches of Bitcoin Cash (on chain) and Bitcoin (off chain)
- How forks like Bitcoin Cash allow cryptocurrencies to experiment when groups of people cannot reach consensus on contentious decisions
The Commodity Futures Trading Commission (CFTC) just voted to create a virtual currency subcommittee while at the same time calling for the industry to adopt self regulatory standards. CFTC just voted to create a subcommittee on virtual currencies before breaking for lunch. — Kyle Torpey (@kyletorpey) February 14, 2018 The @CFTC TAC unanimous voted to …
The post CFTC Votes To Create Virtual Currency Subcommittee appeared first on Cryptocurrency Freak.
I initially wrote the following as an internal memo to our team this morning, but thought it might be interesting to the broader crypto world.
We’re seeing something play out in real time (but slow motion) that we’ve long expected. The crazy valuations of early stage projects are falling to earth.
6 months ago, a decent team with an idea on a napkin were raising at $100m+ valuations, sometimes $250m+. This happened because investors mistakenly extrapolated the amazing returns of 2017 ICO investing forward.
The average return on a pre-ICO or even ICO investment prior to around April 2017 was outrageously high. The projects from before this period were generally valued at <$10m pre-ICO and <$40m at ICO time. They were generally high quality projects, since it wasn’t easy to raise $20m in an ICO prior to 2017. The ‘get rich quick’ entrepreneurs mostly weren’t on the scene yet, so the ratio of good projects to bad was relatively high, and the valuation entry points were relatively low. It’s far easier to earn a 5x on a $10m valuation than on a $100m valuation.
Combined with the general market run-up in the second half of 2017, every one at every stage had a chance to profit. The earliest pre-ICO investor got a mark up to the later stage pre-ICO investor, who got a mark up to the ICO investor, and all were able to exit on exchange listing to an exchange buyer, who often also profited. In the last 6 months, the exchange buyer has consistently been losing badly, so they’ve mostly stopped buying. This means that the late stage pre-ICO investor also started often losing. Until now, the early stage pre-ICO investor was still winning, but it’s like dominos, and we’re nearing that last domino falling as well.
As a result, many investors have been more public about their aversion to investing at ‘crazy’ valuations, even when offered deep discounts to those crazy valuations, since those deep discounts still look overpriced and there’s likely to be no one to sell to in the near future. For example, a 75% discount to a $200m valuation is still $50m, which is still aggressive for an early stage project with limited usage, network effects, and switching costs. Sometimes I find myself looking at a project thinking, “I’d never invest at in this at $50m, but maybe it’s interesting at $50m if that’s a 75% discount to the $200m valuation others are or will pay? That line of thinking isn’t inherently irrational, but it is dangerous. It’s a trader’s mentality, not an investor’s mentality, and it relies on market timing, not investment underwriting.
These things play out in slow motion, because both investors and projects are reluctant to realize mark-downs, and the lack of a liquid exchange price means they can fool themselves. One way this plays out is what we’re seeing – much smaller raises at the high valuations. For example, consider a project that had an initial angel round raising $2m at $10m, and now raising $10m at $200m. If they find the $10m of investment at the higher, those early investors think they have $40m worth of tokens. But while the $200m valuation is ‘fair’ from an accounting perspective, it’s not real from an economic perspective – there’s only $10m worth of liquidity at that price, so holders of the $40m worth of tokens can’t exit at that level. If even half of them tried, it would likely crash the valuation 50%+, maybe much more.
As a result, there’s been a long lag in pre-ICO valuations coming down to earth to match the public markets and changing investor sentiment.
This may produce some attractive investments in the near future if investors ‘panic’ and look for OTC liquidity to exit their pre-ICO investments, but since many of these valuations have so far to fall, and investors are very reluctant to realize 80%+ losses, this will likely both take some time to play out, and willing sellers at attractive levels may be scarce.
This market dynamic is not a surprise to most of the investors in the space – many understood that they were playing musical chairs, and just hoping to be able to find a chair before the music stopped. Timing the music is far harder than identifying the game.
The very best projects will survive their valuation write-downs and ultimately thrive. And hopefully we’ll see new projects come to market at reasonable levels, 1/5 the valuations of the recent batch soon that will provide attractive investment opportunities.
Timing these cycles is challenging, and the illiquid nature of the assets means that to successfully time them, you have to anticipate the cycle by 3+ months (maybe 6+ months now given longer lock-ups.) Doing this at the margin makes sense (e.g. deploy more capital in bear markets, less in bull markets), but I think it’s generally best to do so as shifts to an underlying consistent investment strategy. In other words, rather than deploying nothing for 9 months, and then racing to deploy, I think it makes sense to have an underlying “slow and steady” approach to allocating capital to top decile projects each quarter, and to maybe cut that pace in half when valuations seem high, and to double it when valuations seem cheap. To the extent an investor wants to further time the general market, this can be done by increasing or decreasing liquid cryptocurrency exposure.
That’s the end of the internal memo. I’m getting asked by a lot of projects what this market dynamic means for them. There’s no “one size fits all” advice I can give – it depends on your project, the current size of your treasury relative to your roadmap, and your ambitions. But there are a few specific suggestions I can give.
First – be realistic. A down round (aka raising at a lower valuation than your last raise) is optically bad and you may reasonably choose to avoid it by simply not raising at all if your treasury is sufficient. But…if your project needs that influx of capital to thrive, swallow your pride. Whether you exchange $5m for 10% or 30% of your project’s tokens is trivial relative to maximizing the odds of your project surviving and succeeding. 30% of 0 is still 0. And 10% of $1 billion is still $100m. Momentum and optics matter, but they ultimately matter far less than actually building a product/service/network that offers value to users.
Second – think about what you really need. Sure, it might’ve been nice to build a $50m warchest, but what do you really need to execute on your vision? Think critically about your roadmap and what you need financially to execute on it.
Third – love your investors. A great many investment agreements in our industry are on questionable legal and regulatory footing. Some are explicitly ‘donations’, others are utility token agreements with lengthy contracts that exist in a regulatory gray area. Many ‘good actor’ projects likely violated legal and regulatory fine print. JP Morgan and Credit Suisse routinely violate contracts with one another over delivery of treasury bonds for example. This *could* result in a lawsuit, but almost never does – rather they resolve things amicably instead of racking up huge legal bills, incurring negative publicity, and damaging relationships. When the market is up – no one looks too closely at contracts or thinks about lawsuits. When markets are down, this becomes an issue. Recognizing that early stage investing is largely based on trust and that this industry is largely one based on relationships, projects should be careful to treat investors as valued partners in all regards. One example – many projects are currently re-writing their investment agreements to better comply with current SEC guidance. Such re-writes can be viewed as exploitative by investors or as necessary for the project’s success. Pivots, contract re-writes, and corporate restructurings may be important for a project’s success which every investor desires for their portfolio holdings. Project leaders must communicate both the substance and intent of such changes. This is important to ensure that investors view such changes as for their own benefit as well as the welfare of the project.