IBM Blockchain, Fabric Based Enterprise Blockchain Solution Launched

In the past few days, IBM — the international technology giant has been in the news multiple times for its collaboration with companies to develop blockchain solutions. Being one of the Hyperledger project members, IBM has been pushing the use of Fabric distributed ledger for commercial applications. After all these developments, the company has finally made its blockchain services official.

Earlier today, IBM officially announced the launch of its enterprise blockchain as a service offering that combines the best of Linux Foundation’s Hyperledger Fabric blockchain and its own cloud solution. The cloud-based enterprise-ready blockchain as a service solution is named “IBM Blockchain”.

A few days ago, the Hyperledger Project announced the production-ready status of its Fabric blockchain along with its plans to launch it sometime during the month of March 2017. With IBM Blockchain, companies of various sizes can now quickly tap into the potential of distributed ledger technology using Fabric blockchain which is capable of processing over 1000 transactions per second.

According to IBM’s statement to a leading news organization, the company is also working with SecureKey Technologies and a group of Canadian banking and financial institutions to create a digital identity network. The partners in this initiative include the likes of Bank of Montreal, Royal Bank of Canada, Bank of Nova Scotia, Canadian Imperial Bank of Commerce and Toronto-Dominion Bank. The company is not stopping here. With its aim of building a smarter planet, IBM, and Energy Blockchain Labs — a Chinese company recently tested a blockchain-based asset management platform for carbon assets.

Other notable blockchain projects involving IBM includes the shipping and logistics management platform currently being developed in association with Maersk and the Hyperledger Fabric based Order, Logistics and Payment (OLP) platform with Singapore-based startup Invictus.

The extensive business network with leading brands and companies as clients, combined with start-up focused products puts IBM in an ideal position to offer its IBM Blockchain solution to a wide range of businesses across the world.

In the future, IBM may turn out to be instrumental in influencing the adoption of Fabric ledger among the masses.

Ref: Reuters

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The price of gold bullion steadied this week, but continued to trade lower as a Fed rate hike gains ground. On Wednesday, 15 March 2017, the Fed will announce its decision vis-à-vis the federal funds rate. Analysts are expecting the Fed to pull the trigger with a 25-basis point rate hike to 0.75% – 1.00% in March. Naturally, this does not bode well for gold which struggles when interest rates rise and the USD strengthens. Gold is a dollar-denominated asset and it moves in the opposite direction of a rising dollar. For gold bugs, the uncertainty in France is less of a factor, and has not adversely affected prices of late.

Gold futures for delivery in April closed 0.08% lower, down $1.00 at $1225.50 per ounce. There is concern about upcoming European elections, but it’s Fed policymakers that are driving the gold price more than anything else. As it stands, we can expect the Fed to act within a week. If Yellen pulls the trigger, this will be the second ‘rate hike’ since December 14, and a significant one at that. The odds of the Fed increasing interest rates have now risen to 86.4%, up from 81.9% on Tuesday, 7 March 2017. This is a significant uptick, and it all but assures investors that the gold price is going to move south.

Gold Futures Market Depressed 

Optimism for gold bullion has been overshadowed by the Fed which single-handedly determines how dollar-denominated commodities are going to respond. The reason gold tends to fare poorly with interest rate hikes is clear: gold is a dollar-denominated commodity. It is priced in USD, and with a rate hike the precious metal becomes relatively more expensive to foreign buyers. As a result, the initial movement is decreased demand followed by a decrease in the gold price. If we look at the daily April Comex gold demand chart, the recent movements indicate several successive sessions of losses. It should be pointed out that the Fed can still surprise analysts and traders by not pulling the trigger on interest rates and simply issuing a strong statement that a rate hike is imminent.

Trading Gold to the Downside: Fed Policy Outweighs Geopolitical Risks

For this reason, gold bugs remain confident that prices can continue to rise towards the $1300 level and beyond. Nonetheless, the state of the US economy is such that a rate hike is a real possibility. We can expect the NFP (nonfarm payrolls) data to indicate some 190,000 jobs added in February. If this occurs, it will only provide more momentum to the hawks at the Fed. Geopolitically, there are always elements that can reverse the declines in gold. For example, European elections and the rise of right-leaning parties is particularly concerning. This is true in France and elsewhere.

Strategists from Lionexo binary options have cautioned that there are growing concerns about North Korea’s belligerence with the firing of ballistic missiles. Much the same is true of recent events with the Islamic Republic of Iran.  The US, Japan and South Korea may decide to intervene by announcing a pact, or forming a physical buffer against North Korean aggression. If any negativity emerges on the political spectrum, this will bode well for gold and traders will cash in with call options.

Introduced in 2009, Bitcoin has been around for eight years now. The revolutionary cryptocurrency has been slowly gaining adoption across the world. However, the cryptocurrency community remains a niche sector due to a variety of reasons. The prominent among them are the lack of awareness and understanding of how the digital currency works. The unenlightened lot has even been roped by a series of Ponzi schemes featuring shadowy Bitcoin investment plans.

The launch of Genesis Mining as a legitimate cloud mining firm was majorly about enlightening people with Bitcoin and its innumerable benefits. The company, which has already proven its sustainable and profitable investment model around the world, believes in the idea of smart investors, where anybody looking to explore the investment opportunities in the cryptocurrency sector, first acquire adequate knowledge about its financial and technological aspects, and thus ensure better outcomes.

Genesis Mining is active in the Bitcoin community and is frequently seen at events across the world including in Paris, New Zealand, Los Angeles, New York City, Hong Kong. And now,  the company has entered India with an aim to tap on to the country’s growing interests in the digital currency as the next investment haven.

Genesis Mining recently launched its very first Bitcoin and blockchain conferences in the South Asian country. Known as BlockSpeak, the recently concluded events did an excellent job of introducing Bitcoin, blockchain and Bitcoin mining to people across two major Indian cities.

The event held in Mumbai and Bangalore on March 8 and 10, 2017 respectively saw the attendance of Bitcoin entrepreneurs, techies and aspirants alike. This year’s BlockSpeak Conference was the very first edition of what is going to be a regular affair. Kicked off in India, it is set to become a series of global events held in all major cities of the world and eventually trickling down to meet rest of the places.

The BlockSpeak Conference 2017 in Bangalore and Mumbai, co-organized by Blackarrow Conferences, was held at JW Marriott. Dr. Marco Krohn, the Chief Financial Officer and Co-founder of Genesis Mining took everyone in the conference room through the journey of Bitcoin, explaining what the cryptocurrency really is and how it works. He went on to explain the advantages of Bitcoin and few disadvantages as well — the increased miner fees and scalability issues. He struck a delicate balance between tech jargon and real-world examples to drive the point home.

Genesis Mining Co-Founder Marco Krohn speaking at BlockSpeak 2017, Mumbai

Next came the evolution of Bitcoin mining, starting with CPUs and graduating to GPUs, FPGA miners and finally ASICs. Krohn offered an in-depth explanation of the mining process, its necessity and benefits. What’s the best example of an industrial scale mining operation?  Yes, Genesis Mining itself. Krohn made sure that he gave the specifics of cryptocurrency mining service offered by Genesis Mining, including Bitcoin, Ethereum, Dash, Litecoin and ZCash.

After Krohn’s intense, information-packed presentation, Sunil Aggarwal — the founder and CEO of MoneyFrames took the stage to explain the importance of Bitcoin and the advantages, applications of blockchain technology in today’s world. He also touched upon governmental adoption patterns globally, highlighting the cases of Russia and Japan where his lighter-veined presentation appealed to the audience, ensuring that they take away something which they can ponder over while driving back home.

Sunil Aggarwal, the founder and CEO of MoneyFrames, provided an interesting philosophical take on Bitcoin

The Bangalore event saw representations from two of the “Big Four” Indian Bitcoin platforms – the founders of Coinsecure, Benson and Jincy Samuel along with Sathvik Vishwanath and Abhinand Kaseti— the founders of Unocoin. Marco Krohn and Ashwin Richard – heading Genesis Mining’s Business Development activities in India fielded questions from inquisitive attendees during the networking session. Among the attendees were software developers, cybersecurity specialists, educators, consultants in tech and financial sector, and students.

BlockSpeak turned out to be a 2-hour crash course in cryptocurrency and mining, packed with loads of information and networking opportunities to those who are new to Bitcoin. The Genesis Mining initiative had a great start in the country, and the expectations are a bit high for the next edition. It is also a confidence booster for the company, encouraging it to organize a much bigger event next year.

-With inputs from Yashu Gola.

Image Source: Genesis Mining

So that’s another day done in the bitcoin price, and it is time to take stock of what we’ve seen during the late European session and early US session, in an attempt to put together a strategy for use this evening. As we noted this morning, things haven’t quite turned out as we expected over the weekend. Price broke through the level we had slated as long-term support, and this had the affect of altering our risk strategy. We set up against action with a circa $10 range this morning, and highlighted both the potential for our intrarange strategy and our breakout strategy coming into play. As it turned out, we managed to pick up a quick profit on the breakout side of the equation, and we’re going to go forward with a very similar approach this evening.

So, as ever, get a look at the chart below in order to see where we are focusing our attention for the session, and where we will look to get in and out of the markets according to our intraday strategy tonight.

As the chart shows, our range for this evening is defined by support the downside at 1037, and resistance to the upside at 1049.

From an intrarange perspective, if we see a bounce from support, we will enter long towards a target of resistance. Conversely, a correction from resistance puts us in short towards a target of support. Looking at breakouts, a close above resistance will get us into a longer entry towards a target of 1059. A stop loss on the trade at 1046 defines risk nicely. Looking short, a close below support will put us into a short entry towards a downside target of 1025. Again we need a stop loss on the trade, and somewhere in the region of 1034 looks good.

Let’s see how things play out this evening.

Charts courtesy of SimpleFX

Ether, the cryptocurrency powering Ethereum blockchain protocol has once again gained the trading community’s attention. The second largest cryptocurrency recently exhibited an unprecedented growth in its value, influencing many to invest in the digital currency. The positive development has allowed ether to receive support from the unlikeliest of all sectors— the dark web.

AlphaBay, one of the leading dark web marketplaces has announced that its customers can soon start paying for their purchases with ether. Reports suggest that the platform’s admin first made the announcement in one of the dark net forums. The news later made it to other social media platforms including the Reddit.

The new cryptocurrency payment option is set to make an appearance at the beginning of May 2017. Media outlets have quoted the dark net marketplace’s admin saying,

“We are currently laying out the framework to make ETH acceptance possible, and we will enable Ethereum deposits and withdrawals starting May 1st, 2017.”

In addition to the newly included Ethereum, the AlphaBay marketplace also supports Bitcoin, and the privacy oriented Monero cryptocurrency tokens. According to reports, the implementation of Ethereum on AlphaBay was influenced by the recent adoption of zkSNARKs — Non-interactive zero-knowledge proof technology on the cryptocurrency platform which imparts anonymity to ether transactions.

Just like in the case of Monero, the marketplace’s announcement to include Ethereum support fueled further demand for the cryptocurrency, driving its price up. However, not everyone is convinced by the decision taken by AlphaBay as some believe that the levels of security and anonymity offered by ETH or the anonymous Bitcoin fork – ZCash are debatable at best.

The Ethereum platform has received a lot of traction from legitimate businesses, mainly for its smart contracts capabilities. Many banking and financial institutions are already working on creating various applications built on the technology. The creation of Enterprise Ethereum Alliance recently is another achievement in this direction. The adoption on AlphaBay represents the other end of the customer base who also appreciate the digital currency.

Ref: Bleeping Computer | Image: NewsBTC

Debt is a killer. That’s a pretty bold statement to make given that most people are in debt at some level. Whether it’s credit card debt, indebtedness on your auto loan, mortgage or college tuition – debt is pervasive. If debt is a given, the issue then becomes how best to manage your debt. The experts will always advise you to clear your debt before you’re able to build an effective investment portfolio. There is a logical approach, but it’s not a realistic way of living your life. Home loans, automobile loans and student loans can take many years to pay off, and in the interim, investments cannot take a backseat.

The question then becomes: How do you effectively juggle debt repayments and investments at the same time? If you are equally indebted as you are invested, is your net worth zero? This is an important question, and one that requires further analysis. For starters, it’s never too early to start investing. The more you invest over time, the bigger your investment nest egg becomes. Debt is an intractable component of our lives. It is most pervasive with the credit cards we use to make daily purchases, pay water and lights, pay our Internet services, pay auto loans, etc. The first step towards effectively controlling debt is creating a budget. If you’re spending more than you are taking in, you are in a net deficit every month. If you’re spending less than you are taking in every month, you are in a net surplus. The concepts of surplus and deficit are extremely important when generating income in trying times.

What is the best way to manage income and debt with a limited budget?

This is a question that continues to boggle the minds of money managers and every day individuals. If resources are limited – which they invariably are – how should you allocate funds to maximize debt repayment with enough disposable income for meaningful investment? The only way to do this is by painstakingly going through your daily, weekly, and monthly expenditures, line by line. If you’re earning $4,000 per month and your net take-home pay is $3100 per month, deduct the essentials such as healthcare, mortgage/rent, water and lights, car repayments, car maintenance, food, education, and the like. The figure you are left with is invariably much smaller than you thought. Now, you have to factor in things like debt repayment in order to maintain a healthy credit score. Never fall behind on your credit card repayments, because there are long-term repercussions of such negligence. If you find that your disposable income is $300 to $600 per month, ensure that half of that goes towards investment and half of it goes towards debt repayment. The quicker you pay down your debt, the bigger your net worth.

Should you invest in a conventional portfolio, or try something different?

Everyone’s got different advice for you when it comes to making investments. Some folks will tell you to stick with a traditional 401(k) plan and let the funds do your work for you. ETFs, mutual funds and other baskets of investments have been performing moderately well in recent years. However, with the stock market at record high levels, one must wonder when the tide will turn. Now, the Dow Jones Industrial Average is holding steady above 20,000. This is unprecedented for the US, and it behooves you to consider a worst-case scenario: a correction or a reversal. What will happen to your basket of investments in your 401(k) if the market reverses? Things like this are real possibilities, given that markets are cyclical in nature and everything that comes up must come down. For this reason, I recommend considering things like contrarian investments with regulated binary trading companies. These present traders with a terrific way to profit off rising and falling markets. Sure, you can invest in highly leveraged futures trading, but that is risky in itself. It is far safer and more sensible to profit off market movements, especially when you have all the indicators available to you. For example, we know that USD currency pairs will rally when the Fed introduces rate hikes. We also know that if there is a risk-off approach adopted to equities markets, gold will rally. Further, if OPEC agrees to further cuts in production, the oil price will rise. These are all known variables, and the converse also holds true. For that reason, put or call options in a binary trading format certainly warrant careful consideration as part of your investment portfolio.

The bitcoin network has seen multiple spam attacks over the last year. All of these activities drive up the bitcoin transaction price for no good reason. It appears another smaller spam attack took place on the network earlier today. One particular address was sending out a lot of transactions a thigh fees in quick succession.

It is not uncommon for bitcoin payout services to send a bunch of transactions in quick succession. Having transactions broadcasted on an individual basis is not the most convenient solution, though. The “sendmany” feature is designed to make sure spam attacks like these do not occur often. For some reason, this particular address has been broadcasting transactions at a fee of 2,000+ Satoshi per byte. Moreover, the address owner did so for hours on end.

Another Bitcoin Spam Attack?

There are two viable scenarios for such an unusual behavior. On the one hand, it is possible this bitcoin payout service is configured badly. To be more specific, it is possible this service is not using the “sendmany” feature by default. That would be a rather silly oversight, though. Paying high transaction fees every single time is not in the best interest of a company. Bleeding money left, right, and center is not the best course of action.

The second explanation hints at a more nefarious plan. It is possible someone is deliberately spamming the network with high fee transactions. This will push up the average TX fee on the network, forcing others to pay more. Miners will collect these higher fees and make more money. This type of behavior would fit Bitcoin Unlimited‘s agenda just fine, that much is certain. After all, they blame Bitcoin Core for high transaction fees.

When the bitcoin mempool is nearly empty, though, transaction fees return to normal. When that happens, Bitcoin Unlimited supporters must come up with a new plan. Executing a deliberate spam attack is one way to achieve their goal. Such type of behavior is a clear attack on the network, though. It is also an example of how some BU supporters don’t have the best interests of bitcoin at heart right now.

For the time being, it is unclear what is happening exactly. It appears the attack has relented over the past few hours, though. The most logical explanation is how a BU supporter is propping up TX fees. They need to make it appear as if there is a crisis to gain support for BU. Deliberately creating a crisis is taking things one step too far. We can only hope this will not become the new trend in the bitcoin ecosystem moving forward.

Header image courtesy of Shutterstock

Ok so things were a little more volatile over the weekend than we initially expected them to be. When we closed out the session last Friday, Price was hovering in and around the 1130 mark, and we expected 1100 to hold over the weekend as longer-term support. This, unfortunately, did not happen. The bitcoin price currently trades in and around the mid-1130s, and we have had to adjust our long-term support expectations based on this action. It doesn’t really change anything from a strategy perspective – we’re still going to look to get in both long and short as and when price dictates – but it does open up the potential for a little bit more aggression to the downside than we were willing to take on previously.

Anyway, let’s get to the detail, and outline some key levels with which we can move forward today. Take a look at the chart below before we get started to get an idea of what is on, and where things stand right now.

As the chart shows, the range we’re looking at is defined by support to the downside 1028, and resistance to the upside at 1038. With about $10 worth of range, intrarange is an option, so long at support and short at resistance, targeting the opposing levels. A stop loss just the other side of the entries will ensure we are taken out of the positions for only a small loss in the event of a bias reversal.

Looking at our breakout strategy, if price closes above resistance, we will enter long towards an immediate upside target of 1048. A stop loss on this one at 1035 defines risk. Conversely, a close below support will put us in short towards 1015. On this one, a stop loss at 1032 looks to work well.

Let’s see how things play out.

Charts courtesy of SimpleFX

The time has come!

Let me introduce Edgeless Black Jack beta 0.1

Ethereum based Black Jack with decentralised random number generation and payouts.

DISCLAIMER: Keep in mind that this is a beta version. The purpose of it is to showcase/ prototype blockchain solutions for Edgeless online gambling applications. It might contain errors or bugs or security issues. If you find some, please report them to [email protected]

Key features

  • Black Jack based on Ethereum cryptocurrency
  • Betting integration with metamask
  • Smart Contract guiding all casino transparency and reporting it to the blockchain
  • Players can provide a randomness generation seed using, Mozilla crypto library generated randomness, or even create their own number seed

Main features which ARE NOT in the beta version, but will be added later on for full beta functionality

  • Betting integration with myetherwallet
  • 0% house edge Black Jack rules (as you can see now there is no split and double functions which significantly reduce the house edge. These features and 0% edgeless rules will be developed later on)
  • Upgraded game user interface. Right now we are using oversimplified designs for the beta version. Updated versions will have much more fancy design 🙂

An updated development roadmap will be published after the ICO.

Beta bet limits

Right now you can bet a unit which is call “finney”. It’s 1/1000 ETH.

Options are:

0.1 chip — 0.0001 ETH

1 chip — 0.001 ETH

5 chip — 0.005 ETH

10 chip — 0.01 ETH

Transaction costs (gas)

Right now betting (transaction) gas is paid by the player. Due to the increased ETH price, gas is relatively high. However the gas price will be significantly reduced in the full version of Black Jack.

Casino speed and metamask transaction confirmation

In the current version of the casino metamask is always asking for confirmation before a bet and payout claim. It’s quite irritating. Also shuffling gif is open while metamask is communicating with Edgeless Casino which reduces the speed.

That’s why our final version will be able to use more available ETH wallets such as myetherwallet integration. Then the casino will function at the speed of light and deliver the best user experience.

Despite this our gambling dapp is still the FASTEST dapp among all ETH based gambling dapps and our competitors are a long way off when it comes to the speed of the casino.

How randomness is generated?

It’s using client’s seed (number) and casino’s seed (number). Both numbers are blended into a random number which determines a final outcome. Main idea is that even if casino change own seed or randomness generation formula — final outcome is still going to be unknown, because there is an input (seed) from a player.

After the game blockchain confirms whether there was no change/ interruption in that process and makes sure that everything is transparent.

If etherscan API says


It means client’s seed and casino’s seed matches last game results and there were no changes during a randomness generation process.

If etherscan API says


That means client’s seed and player’s seed does not match last game results and there was an external interruption during the process.

More info you can find on our whitepaper or blog post.

How to bet on Edgeless beta?

  1. Download metamask and switch it to Ethereum main net
  2. Fund your ETH wallet on metamask
  3. Go to
  4. Place a bet
  5. Accept metamask confirmation
  6. Enjoy! and don’t forget to provide feedback to [email protected]



White paper:





It appears there is some confusion over what is going on with the Poloniex exchange. A rumor started flying around about how the SEC is investigating this exchange. That document appears to be utterly fake, according to a Poloniex staffer. Someone is actively trying to disrupt this exchange’s day-to-day business for an unknown reason.

It is not difficult to spread forged PDF files on the Internet. Documents of actual SEC investigations can be found on the internet with relative ease. Editing a PDF can be done by using free tools as well. All of this makes it somewhat difficult for novice users to determine what is real and what is not. One such forged document mentions how the SEC is investigating the Poloniex exchange.

The SEC Is Not Concerned About Poloniex Right Now

That rumor was immediately met with a lot of skepticism, though. Poloniex offers both crypto and fiat support, yet it is unclear why the SEC would investigate them in the first place. The company complies with existing regulation and verifies user identities. In fact, there is a tiered verification structure limiting withdrawals to a specific amount. It is unclear why someone is distributing this forged PDF, though.

Mike, one of the Poloniex staffers, confirmed on Reddit this document is a fake. That is not surprising by any means, even though it caused some confusion among cryptocurrency enthusiasts. Luckily, none of those concerns are valid, and the SEC is not investigating the exchange by any means. Moreover, the administrative proceeding file number in the PDF does not exist in the SEC database. Someone deliberately went to a bit of trouble to make Poloniex look bad, that much is certain.

Given the current rise in popularity of various altcoins, fake information like this will become more common. Some people will do virtually anything to make sure altcoins cannot gain any traction. This is a clear sign of market manipulation, though. Some people just want the value of specific coins to drop so they can buy in cheaper. Poloniex is the largest altcoin exchange to date, which attracts a lot of unwanted attention as well. Spreading fake news regarding a looming SEC investigation could send altcoin prices plummeting on Poloniex, though.

Thankfully, it appears there is nothing to be concerned about. Even though regulators keep a close eye on cryptocurrency right now, there is no reason for an SEC investigation at this time. Whether or not that situation may change in the future, is anybody’s guess right now.

Header image courtesy of Shutterstock