Minereum Successor, Artemine Announces ICO Campaign

The first self-mining smart contract, Minereum has received the much-awaited upgrade. The updated Minereum version 2.0, better known has Artemine is making the news with loads of improvements.

The Artemine platform signifies a leap forward in the Smart Contract Mining technology and it comes packed with new features, mostly around Genesis Addresses. It is now possible with Artemine to assign different supply for these Genesis Addresses. These addresses can also be transferred and sold automatically. Public Mining is yet another new feature upgrade, which was absent in earlier version of Minereum.

With these new features, Artemine has now become more community oriented, allowing people to trade and profit from more than just the cryptotokens. So far, only Genesis Addresses on Minereum were able to mine new tokens. In the new version, the development team has empowered anyone to make use of the PublicMine function on the Artemine smart contract to generate new coins. The amount of ARTE tokens generated per function call is designed in such a way that the payouts will reduce for every consecutive PublicMine function call.

Driven by the success of Minereum, the Artemine team already have their sights set on further development. They have already released a brief roadmap outlining two major milestones — Genesis Trading Website and ICO factory.

The Genesis Trading Website offers a platform for the community members to trade their Genesis Addresses. Interested buyers can easily purchase them by making use of the “BuyGenesisAddress” function. ICO Factory will be an improvement of the already existing Minereum Token Creation Service. The product will make custom Ethereum token creation much easier than ever. With the help of ICO Factory, anyone can create the token and associated smart contract to run crowdsales in a jiffy.

The Artemine platform is encouraged by the success of its predecessor Minereum. As Minereum tokens, presently traded on LiveCoin, Cryptopia and HitBTC continues to gain traction, Artemine has announced its own crowdsale campaign. The ARTE token sale is going live on September 14, 2017, offering an opportunity for everyone, including those who missed the chance to be part of the Minereum ICO. Those who already possess Minereum tokens can enjoy huge discounts on ARTE tokens.

More information about the ARTE token sale is available on the website. Also, one can follow the updates on the platform’s Twitter channel as well.

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That’s another session done out of Europe in our bitcoin price trading efforts and what else can we say other than what a day! Things are moving incredibly fast right now and it’s getting tough to stay on top of the market from a fundamental perspective. Price is being pushed all over the place by a variety of fundamental inputs, the vast majority of which are weighing down on sentiment, and this has translated to the breaking of a number of key support levels over the past few hours. 4000 went, then 3900, then 3800 and, fortunately, it looks as though 3700 is set to hold – but we can say this for certain, of course.

What we can do is ensure that we are set up to jump in and out of the markets as and when the volatility that is dominating the session comes back into force. For anybody looking for a way to hedge the dip that is causing long-term holding value declines, a short entry on a break is as good a method as any.

So, let’s get some levels in place and push forward into the US afternoon session. As ever, take a quick look at the chart below before we get started source to get an idea of what is on where things stand right now. It is a one-minute candlestick chart and it has our range of overlaid in red.

As the chart shows, the range we are looking at this evening is defined by support to the downside at 3806 and resistance to the upside at 3869. We are going to stick with our breakout strategy for now, so we will look for a close above resistance to get us in long towards a target of 3900. Conversely, a close below support will have us in short towards a downside target 3760.

Charts courtesy of Trading View­

Rumor has it that Bitmain will introduce new cryptocurrency mining equipment soon. The company is best known for their Bitcoin mining hardware these days. However, they also sell miners for Litecoin and Dash as we speak. The new rigs are mainly focused on proving GPU-based hardware for Ethereum mining. An interesting venture, although it remains to be seen whether or not there is any truth to the rumors.

GPU mining has picked up again in recent months. Hundreds of people all over the world are looking to buy as many graphics cards as possible. With these cards, they mine popular altcoins, including Ethereum and ZCash. However, it is difficult to purchase large amounts of cards at a decent price these days. The growing demand for GPUs has caused global stocks to take a big hit. Bitmain is trying to capitalize on this market as we speak, by the look of things. Do keep in mind the following information has not been officially confirmed by the company at this time.

A Bold Move by Bitmain At a Crucial Time

Rumor has it two new Ethereum-oriented mining rigs will be sold by the company soon. Both of these products include a number of NVIDIA or AMD video cards. They are labeled as the G1 and G2 units, which can achieve a hashrate of 200 to 220 Mhash/second respectively. Do keep in mind these units come without a power supply, as that has to be provided by the user themselves. This may prove to be quite challenging, considering powering 8 of these GPUs will not be all that easy. Then again, it is possible the company will provide a solution in this regard once we get closer to the launch date.

As we have come to expect from Bitmain, the new units are packaged neatly. Their G1 weighs 12.5kg, whereas the G2 is slightly heavier and may include a power supply already. However, we have no idea how much power these machines will draw from the wall at peak performance. Given the GPUs used, a wattage of 1,500 or more is not entirely impossible. It will be expensive to operate be such a rig, to say the least. Moreover, they will generate a ton of noise and heat as well.

Pricing has been rumored to be around $2,850 for the G1 unit and $3,016 for the G2. The price difference is pretty small considering the G2 is 10% more powerful than the G1. Then again, it remains to be seen how well all of these units perform when they are effectively delivered to customers. Further specifics regarding the GPU’s remain shrouded in mystery. We do know the NVIDIA is a GTX1060 and the AMD card is an  RX570. However, their precise specifications are unknown right now. It will be interesting to see if these are actual products sold by Bitmain, that much is certain.

Header image courtesy of Shutterstock

Bitcoin enthusiasts have plenty of hardware wallets to choose from. The situation is very different when it comes to altcoin support, however. Very few service providers integrate some lesser-known altcoins these days. Ledger is making some big moves in this department, though. It appears the Nano S hardware wallet will soon support NEO. This particular altcoin is quickly becoming a darling cryptocurrency for speculators and investors.

Most cryptocurrency users around the world have heard of the Ledger Nano S. It is by far one of the most popular hardware wallet solutions for Bitcoin to date The company has also been working on support for a few different altcoins over the years. It now appears NEO support may be coming to this device very soon. One of the NEO subreddit community members has been working a solution for over two weeks now.

NEO and the Ledger Nano S

Just yesterday, he was finally able to sign a transaction on the blockchain with a Ledger Nano S. That is a major development in terms of hardware support, albeit unofficial. It is certainly possible Ledger will integrate this feature themselves in the future, but for now, they aren’t inclined to do so. The community project still needs to undergo some testing and upgrades. More specifically, the BIP 39 and BIP 32 code for recovery needs to undergo extensive testing.

It is good to see someone come up with a solution, though. Anyone can work freely on providing Ledger support for specific altcoins. While these efforts are not endorsed by the company, they aren’t blocking said efforts either. The one thing to watch out for is how this NEO integration is not officially supported at this time. Anyone making use of this software will do so at their own risk. That is, until Ledger issues an official firmware update supporting this particular altcoin.

More specifically, it is possible Ledger will sign the app. If that is the case, it is “endorsed” by the company albeit not developed by them. It may take a while until this process is completed, though. There is no official timeline for this particular aspect, unfortunately. This goes to show the NEO community will not go anywhere and is looking to make a name for itself. Whether or not the French manufacturer will sign the app, remains to be seen, though.

Speaking at an investor conference in New York on Tuesday, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon blasted Bitcoin in a series on damning statements. Calling the cryptocurrency a “fraud” that’s “worse than tulip bulbs”, he went on to say he’d fire any employee trading Bitcoin “in a second”. He gave the following concise reasons: “It’s against our rules” and “they’re stupid”. He concluded that both cases were “dangerous” to his bottom line.

When Dimon refers to tulips, he means the market crash that affected the horticulturists of Holland in the seventeenth century. Speculators drove the prices of tulip bulbs to astronomic levels, some scholars claim as much as ten times an annual skilled worker’s salary for a single bulb. The “bubble” eventually burst, largely due to the hugely dubious nature of trades occurring on the ramshackle effort at a futures market that had sprung up around the industry. The spectacular crash in the price of tulip bulbs in 1637 that followed is often cited as the history’s first economic bubble. It’s also trotted out by just about every vocal anti-crypto-type going.

However, Dimon had more for Bitcoin than just vague language (“fraud”?), and talk of inflated tulip bulbs. He went on to highlight his doubts about future regulatory measures against cryptocurrency. He spoke of concerns regarding the lack of state control over the asset and warns of government intervention. “Someone’s going to get killed and then the government’s going to come down.” He has cited the recent clampdown in China as evidence to back up his claims, concluding “governments like to control their money supply.”

Expressing sentiments that seem straight from 2015, the chief executive dismissed the huge legitimate economy that has emerged around Bitcoin since its early shadowy past:

“If you were a drug dealer, a murderer, stuff like that, you are better off doing it in Bitcoin than U.S dollars. So, there may be a market for that, but it’d be a limited market.”

Such a stance might come as a surprise to those familiar with the Enterprise Ethereum Alliance. The JPMorgan logo has been proudly displayed amongst the rest of the “who’s who” of global corporations making up the much-lauded group. However, Dimon did comment on blockchain technology more generally too. He confirmed that there will still be great use cases for the protocol, particularly in the banking sector but it “won’t be overnight”.

All that said, Dimon, did finish by saying that his “daughter” had purchased some Bitcoin…

Ref: Business Insider | Bloomberg | Image: Alexas_Fotos (License CC0)

Bitcoin and other cryptocurrencies have grown beyond proportions in South Korea. The region has grown very accustomed to Bitcoin these days. Most of the exchanges in the region are witnessing tremendous trading volumes. Coinone, one of the main exchanges in the country, plans to launch a physical cryptocurrency exchange.This new venture will provide ATM services and support for six different currencies. This brick-and-mortar venture is known as Coinone Blocks.

Physical cryptocurrency exchanges are still a rarity these days. Most people think of exchanges as an online service.However, Coinone shown things can be done in a different manner as well. It is good to see such efforts take place in South Korea these days. This new service is known as Coinone Blocks, which is labeled as a “blockchain 4D Zone”. A rather peculiar name most people would not necessarily associate with cryptocurrency trading. Then again, it makes the concept of Bitcoin and altcoins more appealing to the everyday masses.

Coinone Blocks is a different kind of Bitcoin Exchange

Speaking of which, Coinone Blocks will support six different cryptocurrencies from day one. Bitcoin is on the list, of course, as it wouldn’t make sense to do things otherwise. There is also support for Ethereum and Bitcoin Cash, in addition to three other unspecified currencies at this time. The brick-and-mortar location serves as a physical version of a regular online exchange but with some added services. In-person consultation, for example, will be one of the main selling points for this venture. Bithumb, another South Korean exchange, recently launched a consultation service as well.

What is rather intriguing is how the location will also sell USB hardware wallets. Most novice cryptocurrency users don’t take wallet security all too serious. Instead, they will leave funds in an exchange wallet, which they don’t fully control. A hardware wallet makes a lot more sense in this regard, but it’s not as convenient. Then again, the added security provided by a USB wallet should not be overlooked whatsoever. It is good to see Coinone pay extra attention to this aspect as well.

It will be interesting to see how the Coinone Blocks consultancy service evolves. Helping customers with questions and issues regarding cryptocurrencies will be a challenge. It still remains a rather complicated concept to wrap your head around, that much is evident. A customer-oriented service in South Korea can certainly elevate things to a whole new level. Coinone is setting a precedent in this regard that may change the cryptocurrency sector for good.

Technology evangelists have always proposed blockchain as the primary record-keeping management solution for the real estate industry. Many startups – and even governments – have announced to create public registry systems on the top of private ledgers.

Prime-Ex Perpetual, at the same time, is a Panama-based startup that has taken the applicability of blockchain in real estate to an entirely new level. While it does have plans to utilize blockchain for record-keeping purposes, Prime-Ex Perpetual also uses it to simplify the homebuying process, from start to finish.

To have an insight into the Prime-Ex Perpetual‘s seemingly innovative business model, we reached out to John Gilbert, the CEO/Co-Founder. Here are some excerpts from our conversation:

Gautham N: How would you explain the core business model of Prime-Ex Perpetual to a layman?

John Gilbert: If you’ll bear with me a minute I’ll answer this question in the best way that I know how.  I realize there’s a lot of moving parts to our business model.  What’s second nature to me given my career history does not always translate well to the consumer! So I’m always reminding myself of that.

I learned this early in my career when trying to explain to my father-in-law why people would choose to use a mortgage broker rather than the local bank.  He loved me and we always got along great, but he was a farmer who had done business with the same banker for 20 years and just didn’t see the need for mortgage brokers who largely provided the same service that his banker already did from his point of view.  So I had to figure out early on how to tell my story to guys like him because he was right.  I hadn’t given him the reasons why mortgage brokers were a better choice than the local bank, I had just told him what I did and that I was better, but I hadn’t explained the reasons why.

How do I tell our story to the guy that just retired off of the Toyota assembly line?  I believe that recognizing the need to communicate in ways that everyone can understand is one of the reasons why the story that we tell has gained such broad appeal in such a short amount of time.

Here’s what I tell people:  We have re-vamped the second-oldest business known to man to better fit today’s human mobility.  Instead of a land developer, a home builder, a real estate agency, a mortgage broker, a mortgage servicer, and a maintenance company each trying to get rich of selling their one thing to the home buyer, we’ve combined all of these layers into one efficient package and we’ve done it in a way that limits risks to the borrower like never before.

For our token holders, we’ve created a token that will experience more and more demand over time as more and more people need to use them to pay their mortgage payments, and they’ll need to purchase them from the existing token holders.  Token holders will enjoy not only increasing demand against a fixed supply of tokens, they’ll also enjoy their fair distribution of 80% of the company’s profits for as long as they own the token.  Everybody wins!

Denizens usually do not understand blockchain technology. How do you propose to market your model in an established real estate sector?

We are the decentralized, token-powered real estate spaceship landing in the middle of the real estate stone age.  No matter where we land, our home packages combined with our Revolution Loan has no rival.

You have to consider all the things that we offer… a great home at a great price point inside of a great loan program that protects the borrower like never before.

When the package that we offer is stacked up against all the other offerings, a Prime-Ex Perpetual home package must be part of every home buyers consideration because nobody else competes with our guaranteed buyback program.  Nobody else competes with our streamlined loan process.  Nobody else competes with our service after the sale.

There are people waiting in line right now to pay us their 10% down to secure their home purchase, and for very good reason: there’s scarcity involved with our product.  There’s a limited supply against great demand, and that’s always a great place to start any conversation about whether or not a given project is viable.

Your use of blockchain is limited to powering tokenized assets. Do you plan to create a blockchain-powered public registry for real estate, anytime in the future?

We foresee multiple uses for blockchain integration in our business model.  Much of that will have to be created by us in the form of data retention.  For example, we plan on eventually harvesting blockchain technology to keep real-time data on our houses down to the sizes of the plumbing fixtures on the walls and what brand name and color code the interior paint is.

This type of data will be of great use to the community as a whole, as sales data will be available to banks and appraisers, in some cases for the very first time.  This will serve to bring up the overall real estate value for everyone.

We always have our eye on increasing efficiency because of the concept of a penny saved is a penny earned.  Blockchain will play a vital role in the future of increasing our efficiency but that’s going to be more along the lines of the Phase 2 part of our concept.  Phase 1 is proof of concept, and Phase 2 will be developing increased efficiencies while we increase our geographic footprint.

Government integration of blockchain technology could happen as fast as Phase 2 or could play a vital role in Phase 3.  Largely it would depend on how receptive a given government is to lead from the front, but we would stand ready to help them understand how blockchain technology is beneficial for all if they prove to be receptive.

Most important: What are the legal complications of running a tokenized real estate business in Panama?

We’ve put a lot of time, effort and money into this very issue.  One of the first things that we did was structure our company in such a way as to mitigate both legal exposures as well as the bureaucratic risk that we would face by entering into the cryptocurrency environment.  For this reason, we’ve chosen to disallow participation in the ICO from Panamanian citizens.  This line of thinking is just smart business planning.

It’s the main reason that we’ve chosen to disallow citizens in the United States from participating as well.  While we would have loved participation from U.S. citizens, the risk that we would face from the U.S. Securities and Exchange Commission could not be mitigated, so we simply had to exclude them from participation.

The Republic of Panama is actually a great place to do exactly what we intend to do regarding our tokenized real estate business by allowing for-profit businesses to be owned inside of a Foundation structure, which is exactly how we’ve set up the Prime-Ex Perpetual project. There are many reasons for this. Know that we’ve meticulously thought through them all.

We are fully compliant with all of the laws of the Republic of Panama. We could have incorporated anywhere in the world and still performed the exact same real estate business that we intend to do in Panama. Structuring in Panama made the most sense for us and made the most sense for our Token Holders.

What are your plans for the future?

While most of the specifics remain proprietary, in general, we will most likely expand first into expat havens in Central and South America, and then increase our reach into North America and Europe.  There are a couple of scenarios that could factor into play that would accelerate our reach into North America and/or Europe before other Central American or South American countries, but by and large it seems like a Central American play in neighboring Costa Rica or a South American play in neighboring Colombia would be a logical second step.

Regardless of the geographical footprint, we will take advantage of opportunities that present themselves to increase our boundaries and territories while increasing our capacity to build, sell, mortgage, and service our own fleet of residential homes.  This will be accomplished by partnering with large-scale builders that see the benefit of replacing their interest rate risk with the Prime-Ex Perpetual model of equity participation in a residential package that knows no rival.  Our growth potential is worldwide, limited only by a given locale’s ability to properly title property and a given country’s capacity to meet or exceed basic supply chain minimums.

It’s Wednesday morning and what a 24 hours we’ve had with the bitcoin price. In last night’s analysis we set up some levels that we thought might be relevant as far as executing on a short term breakout strategy was concerned and left ahead of the US evening session with a pretty bullish outlook on what was to come.

We left our desks, had our buy orders in place and shut down for the evening.

Fast forward 24 hours and everything is moving.

Jamie Dimon, the guy at the helm of JP Morgan, has said that bitcoin is doomed to failure. This is wrong, of course, but guys like him have a pretty big swing in the financial world and many of those holding have picked up on his sentiment and run for the exit.

Price is down below $4,000 for the first time in a while and it’s looking like we may see a bit more weakness before things bottom out.

We’ve got to remember these are temporary blips and the opinion of one man that has gotten it wrong so many times before shouldn’t sway overarching sentiment.

So how does all this play into our intraday strategy today?

Well, it means we’re almost certainly in for some volatility.

Take a look at the chart below before we get started so as to get an idea what’s on and where things stand right now.

As the chart shows, the range we are using for the session tonight is defined by support to the downside at 3889 and resistance to the upside at 3971. If we see price break up above resistance, we will enter long on a close above that level towards a target of 4030. Conversely, a close below support will have us in short towards a downside target of 3850.

Let’s see what happens.

Charts courtesy of Trading View

Strong evidence is emerging that an elite team of hackers operating out of Pyongyang are stealing Bitcoin. It’s thought that the totalitarian nation is hoping to negate the effect of recent global trade embargos levied against them. As the UN sanctions tighten around the rogue state, it seems North Korea is turning to cybercrime to keep their economy buoyant.

The restrictions which followed the nation’s nuclear arms flex on September 3rd, 2017 will substantially hinder Kim Jong-un’s government’s ability to legally import gas and oil from China. However, Bitcoin is much easier to dodge sanctions with than traditional currency. The uniquely distributed payment system therefore opens a world of black market opportunities for those wishing to stay beneath the radar.

Whilst suspicion has been growing for some time, new research conducted by cybersecurity firm FireEye highlights a surge in spear-phishing attacks conducted against exchanges below the North/South divide. Luke McNamara of FireEye states:

“”It should be no surprise that cryptocurrencies, as an emerging asset class, are becoming a target of interest by a regime that operates in many ways like a criminal enterprise.”

Yuji Nakamura, and Sam Kim, report that FireEye have been able to trace hacks of multiple South Korean Bitcoin and Ethereum exchanges back to North Korean operators. Bithumb was one such target that back in May had its security compromised, costing $15 million and the sensitive details of many of their customers.

The allegations of spearfishing are just the latest example highlighting North Korea’s willingness to disregard any sort of international protocol. The nation is widely suspected of conducting various forms of illicit economic activity to aid their failing economy. In fact, it’s estimated that they’re able to bring $1bn into their coffers annually through such questionable practices. These include counterfeiting US dollars, producing narcotics, and smuggling gold.

As an executive, Kim Jong-un is no stranger to cybercrime either. From 2015 to 2016, several heists targeting the SWIFT global financial messaging service took place. The revenue generated is estimated to be well into the millions. Cybercrime experts attribute the acts to a ring known as the Lazarus Group who have later been linked with North Korea. It is unclear whether they’re a collective hired by Kim Jong-un’s government, or a secretive part of the state itself. McNamara notes the existence of a government agency known informally as Office 39, claiming them to be integral to the state’s ability to draw revenue and resources through black market means.

Whilst irrational to blame a tool for the actions of the craftsman, it’s likely that those Powers imposing sanctions on North Korea will take a dim view of the cryptocurrency thanks to North Korea’s cybercriminal activities. This would not be desirable for the asset’s proponents who are ever-striving for greater global acceptance.

Ref: SkyNews | Image: Shutterstock

 

One might have heard about data centers that redirect the waste heat from their facilities to nearby residential and commercial places. Tech giant IBM successfully runs similar data facilities in Switzerland and the USA. While the Swiss one provides heat to a nearby swimming pool, the American one allocates heat to produce hot water, which eventually powers a nearby office building’s heating system.

Now the same approach is coming to the world of heat-generating cryptocurrency mining.

Estate Coin, a newly launched startup, has come up with an innovative investment proposal. It introduces the first-of-its-kind symbiosis of real estate construction and crypto mining technologies. Together, they assist one another in creating a robust solution for minting cryptocurrencies and recycle the heat generated from mining for the property’s heating requirements.

In its recently published whitepaper, Estate Coin discusses every aspect of their proposal in great detail. The project is founded by a real estate developing company called SBG, Ltd., which has been in business for more than 13 years. They started working on Estate Coin soon after discovering the two most annoying limitations of crypto mining: high power consumption and large heat dissipation during operation.

It is so evident heat loss during the mining process can be recycled in order to mitigate investment risks and costs associated with the crypto mining. SBG is the one which saw the elephant in the room; it explored the regions in Russian where the cost of electricity is much lower and is now months away from building their as well as the industry’s first residential-building-cum-mining-farm.

Fundraising and Deliverables

SBG has proposed to raise a total of $1 million to build a house and mining farm within a 1388 square meter area.

“The house has 3 floors, 41 apartments,” stated their whitepaper. “The heat consumption of the house is 200 kW (heat energy). Energy consumption of the farm is 180 kW (electric energy). The productivity of the farm is 1500 TH/s.”

In wake of imminent costs, SBG has decided to launch an ICO round to fund the development of their housing-cum-mining project. During the ICO round, which started on September 1, 2017, the company will make available 1,100,000 Estate Coin-tokens for sale. Subsequently, SBG will also launch a buyback plan, which will allow Estate Coin holders to sell back their tokens in public or back to SBG.

In the meantime, Estate Coin holders will have the opportunity to stay invested in a housing and mining project at the same time, meaning more returns than any other crypto-based investment opportunity. SBG added:

“All participants of the project will benefit: investors receive additional income from their investments, the developer receives financing to build up the portfolio of projects, the owners of the constructed housing optimize the costs of heating their apartments.”