Monetha to Challenge PayPal and Trustpilot, Launches ICO in August

Monetha, a blockchain start up, offering a safer and more efficient crypto-payment system via Ethereum based payments, has recently announced its ICO campaign, starting on August 22, 2017.

Does Monetha Challenge the Status Quo of Paypal and Trustpilot?

Monetha is a blockchain-based mobile payment processing company that is backed by decentralized smart contracts. The service’s decentralized payment gateway is characterized by safety, speed and low cost, which may make it a better alternative to the mainstream systems used by most of the merchants and retailers. Experts say that Monetha has the potential to act as a collective substitute for Paypal and TrustPilot, being based on Ethereum.

Special Features

The decentralized trust and reputation system (DTRS) of the platform uses smart contracts that users can instantly integrate within their payment processor. The design is aimed towards developing trust among parties by recording information about transactions such as product warranty, on the blockchain.

The in-build algorithms verify the users and assign trust rating to all parties. The rating is determined and updated on the basis of reviews, records, disputes etc. It makes online local and international sales process more trustworthy, preventing users from scams, faulty goods, charge-backs and more. The platform is equally compatible for retail applications.

Justas Pikelis, the business lead and co-founder of the company terms this platform as a revolution in global commerce, as users can transact in any Ethereum based cryptocurrency that would be automatically changed into their desired fiat currency. The generated QR code is also scanned by cryptowallets for making payments. Upon executed transaction, funds will be received within a minute with as low as 1.5 % commission, maximum.

Monetha Vs. Traditional Gateways

Traditional payment gateways like TrustPilot and Paypal involve multiple steps based process, along with higher services fees, ranging in between 2 to 6 percent per transaction. On the other hand, Monetha is based on a single step process and fixed transaction fee of 1.5%. Monetha also has lesser processing time than others having hours to even days as a waiting time range. The payment process via Ethereum blockchain is 10,000 times faster at 20% lesser price than traditional gateways.

The launch of the ICO starting from 22nd of August 2017 seems a significant step in global commerce industry across the world. For more information, please visit

Subscribe to our newsletter

A new blockchain-based platform is looking to raise $20 million to develop a music streaming platform.

Opus, as the new platform is titled, proposes to bring a traceable and transparent online streaming service for all the musicians. The mission is to create a model that eliminates intermediaries, offer works’ traceability, and ensures transparency in the management and allocation of creative rights and revenues.

The Opus platform is introduced at a time when musicians around the globe are getting unfair-to-no payments for their hard work. Each song sold on an online music streaming website generates great revenue, but the artists – especially the new ones – receive only a small chunk from it. Centralized models are designed to cut back a considerable portion for themselves whilst leaving artists to live on pennies.

Opus, on the other hand, replaces centralized trusted parties with an automated system. The platform uses low latency IPFS as a storage layer, which connects computing devices with the same file system to store songs permanently and transparently. At the same time, an additional layer based on Ethereum handles all the transactions in the most transparent manner.

“Music files are encrypted and uploaded to the IPFS swarm, and the decryption keys are stored on a smart contract and referenced on a Universal Music Registry Number (UMRN), that resides as a JSON file within the IPFS system,” states Opus.

“The system annexes individual music tracks and effectively ensures permanent ownership.”

Opus has already released a beta-platform for the project which can be touched and tested by the interested participants. The developers intend to launch a full-fledged model in the near future; they have already announced the crowdsale of their native OPT tokens, a process that will ensure a steady influx of investment into the project while rewarding the OPT holders with the stakes in the Opus platform.

The OPT Crowdsale

Opus plans to sell a total of 900 million OPT tokens while eyeing a minimum fundraiser of $20 million. The crowdsale period has already started on July 23rd and will run until August 20th in three consecutive phases. The first phase, which is ‘LIVE’ at the time of writing, is called Angel Funders; it offers up to 1000 additional OPT tokens in bonus, and the rate per 8000 OPT tokens remains at 1 ETH.

The second phase, called Early Bird, charges investor 1 ETH for 7500 OPT tokens, whilst the bonus gets reduced to 500 OPT. The third and the final phase is called ‘Standard Phase’, which has no bonus and sells 7000 OPT tokens per ETH. That being said, early investors have advantages over the ones who purchase OPT tokens late. Opus plans to burn the unsold tokens.

Opus plans to burn the unsold tokens.

If you wish to contribute with ETH/BTC, follow Opus on their website here.

So that’s Tuesday done from a European perspective and anyone that’s been trading along with us today will know that we’ve had a pretty good day in the bitcoin price. We noted as part of this morning’s coverage that we really wanted to see a continuation of the overarching bullish momentum throughout the session today. It’s not that this direction is preferential from the point of view of short term execution (we can make money in both up and down markets) but while momentum is with the bulls we seem to get sustained breakouts and these breakouts are quick and easy turnaround entries. The simpler the better, as we always say.

We got exactly what we were looking for and we are heading into the session this evening on a high – plenty of profit in the bag for the day and plenty of action on which we can base our key levels for this evening.

So, on that note, let’s get to what’s important. As ever, take a quick look at the chart below before we get started so as to get an idea where things stand right now and where we are looking to get in and out of the markets according to the rules of our strategy tonight.

It’s a one-minute candlestick chart and it’s got our key range overlaid in blue and red.

As the chart shows, the range we are using tonight is defined by support to the downside at 2568 and resistance to the upside at 2603. We are going to look for a close above resistance to get us into a long trade towards 2630. Conversely, a close below support will have us in short towards a downside target of 2535.

Stops on both positions just the other sides of the entry in both cases will ensure we are taken out of the trades in the event of a bias reversal.

Charts courtesy of Trading View

SunContract, Slovenia based renewable energy market place, is currently having its on-going ICO, blockchain experts and community members are eager to determine if the platform is actually bringing the true value of blockchain in this sector where blockchain previously seemed not necessary, apparently.  Whether blockchain is just a buzz or an actual catalyst for today’s industry’ growth, is an ongoing debate; the IT people and power specialists claim that a higher synergy can be obtained from blockchain in power distribution sector, in view of current and potential market demands.

What is SunContract?

SunContract Energy Pool is a P2P market place where vendors and contractors of clean energy sell products and services directly to end-users by replacing middlemen with smart contract-based bids and automated mechanism.

Energy generation costs are just one third of its retail price, while two third goes to taxes and transportation. The huge burden of overheads thus makes trying new technology necessary. The recent advancement in renewable energy technology, including the wind and solar power, in particular, is going to change the industry, expanding electricity supply to thousands of facilities and companies that can afford the installation of the wind turbines or solar cells.

Around 15% of the energy in the U.S.A is generated by wind turbines and solar power plants. By 2050, it is predicted to rise by 71%. The growth expected is marvelous since the U.S.A’s total energy production seems to get at least double every year.

SunContract has planned to captured this multi-trillion market, launching the first P2P market place for clean energy distribution and trading.

Why Blockchain?

Energy markets are prone to theft and leakages, initiated both by small household units and big power companies. This leads to a huge money expenditure on energy accounting and fraud prevention. Still, ensuring 100% protection is not possible. Every administrative failure in the past has been witnessed to be replaced by a new technology; this time, the blockchain.

The features of blockchain like immutability, traceability, and transparency of blockchain transactions bring a safer and more peaceful market environment, which is not possible from current energy accounting technologies. Above all, it eliminates intermediaries and thus their power and associated overheads.

How is SunContract Eco-friendly?

SunContract aims to decrease the carbon footprints. Though it doesn’t necessitate the blockchain presence yet the higher efficiency of energy system through more effective renewable energy distribution, enabled through blockchain, helps achieve this objective.

Talking About the ICO

SunContract has already successfully raised 5,000 ETH for the launch and development of its P2P platform. The next level of 10,000 ETH is also going to be achieved soon, enabling escalation of technology up to entire EU renewable energy market. The current price is 10,000 SNC/Ether.

The sold SNC tokens will be platform’s payment instrument, which could be used for transactions, eventually influencing the price as per the electricity trading volume.

To participate in the on-going ICO, please visit and for information about the company, check

Bitcoin ATMs have always been an interesting concept. These machines are designed to bridge the gap between traditional finance and cryptocurrency. Purchasing Bitcoin from an ATM is rather convenient, despite coming at a steep price. Up until this point, there was no Bitcoin ATM in Malta, which was somewhat surprising. That situation has now changed, as Sliema is now home to such a device.

Installing the first Bitcoin ATM in Malta was long overdue. Cryptocurrency is gaining in popularity in this particular part of Europe. That is not entirely surprising, considering it is the new form of money. Moreover, it allows users to remain in full control of their finances at all times. Despite some wild price swings, Malta is slowly warming up to Bitcoin and cryptocurrency. Especially now that Bitcoin is trading well above 2,000 Euro.

Malta Finally has a Bitcoin ATM

One local entrepreneur sees this as an opportunity to experiment with a Bitcoin ATM. The device provides a convenient way to buy Bitcoin with fiat currency. It is a more pleasant experience compared to using an exchange platform and bank transfers, that much is evident. On the other hand, the ATM charges an 8% fee per transaction, which is somewhat of a normal rate. It is interesting to see how the device also lists various credit cards, yet only supports cash by the look of things.

It is rather interesting to see an individual be the first to install a Bitcoin ATM in Malta. One local startup as raising funds for this specific purpose not too long ago. Then again, the entrepreneur already had the device in his possession. It was only a matter of finding a location to install the ATM in question. Right now, it is located outside Venture Trading in the city of Sliema. The question is whether or not many people will use it.

Making Bitcoin purchases more covenant has its merits. If this currency is to be adopted by the masses, ATMs will have their role to play. Not everyone wants to sign up for an exchange and hand over a scan of their passport. Moreover, there is additional privacy when using a Bitcoin ATM compared to signing up for exchanges. An interesting experiment, that much is evident. It will be interesting to see how the Bitcoin situation evolves in Malta over the coming years.

The upcoming Bitcoin hard fork is a problem for cryptocurrency exchanges. Some platforms will support Bitcoin Cash, whereas others won’t. One of the companies not supporting any future fork is Poloniex. That is a rather remarkable decision, to say the least. The company will not commit to supporting specific blockchains emerging after a potential split. Another reason to move money off Poloniex sooner rather than later.

A lot of cryptocurrency traders have been somewhat unhappy with Poloniex lately. The company suffers from withdrawal issues and degrading customer support. Now that they will not support Bitcoin Cash either, things have taken another turn for the worse. It is understandable they want to wait and see how the network evolves, though. A Bitcoin chain split is very difficult t  deal with properly, that much is evident.

A Very Dubious Decision by Poloniex

With the split occurring on August 1st, the company has a decision to make. Either they support the new chain or they don’t. In the case of Poloniex, they will not commit to supporting any chain split right now. They may or may not support both Bitcoin and Bitcoin Cash in the future. This final decision will be made after the network has stabilized. A similar incident occurred with Ethereum and Ethereum Classic. Poloniex quickly listed ETC after the split, though, thus it is possible they will do the same with Bitcoin Cash.

This news is not great for people who use the platform for Bitcoin lending purposes. In fact, their best course of action would be to move funds off Poloniex altogether. Even though trading will not be affected by the chain split, Bitcoin lending might be. It is possible this service will be halted during that time, albeit this is not confirmed yet. Anyone who wants their free Bitcoin Cash needs to move money off Poloniex, though

Storing funds on a third-party platform is never a good idea. This is especially true when it comes to valuable cryptocurrencies. Poloniex has many issues already and not supporting the split will make things worse. Anyone who values their Bitcoin – and altcoins – should store them in a private wallet. Leaving funds on exchanges during such critical time can result in losses if things go awry. Now is the time to take financial security a lot more seriously.

It is Tuesday morning and the session out of Europe in the bitcoin price is about to kick off. Action during yesterday’s session was nice and volatile and we had plenty of opportunities to jump in and out of the markets according to the rules of our intraday strategy. For anybody who missed our coverage, it might be worth checking out our analysis here. For those that did catch it, our thesis overnight remained strong and we managed to maintain a relatively clean risk profile on the positions we entered – something that we were unsure about whether we would be able to achieve when the late session initially kicked off.

So, we have a fresh session ahead of us today and we are looking for much of the same sort of action as has come so far this week to continue our winning trend.

With this in mind, let’s get to the detail.

As ever, take a quick look at the chart below before we get started so as to get an idea of what is on and where things stand right now in the bitcoin price. It is a one-minute candlestick chart and it is our key range overlaid in blue.

As the chart shows, the range we are looking at today is relatively wide and straddles the 2700 flat region. Specifically, we have support at 2647 and resistance at 2710. We will initially look for a close above resistance to validate an immediate upside entry towards a target of 2740. A stop loss on this one somewhere in the region of 2700 flat looks good. Looking the other way, if we see a close below support, we will enter a short position towards a downside target of 2625. This one is a little tighter from a reward perspective and so we need a slightly tighter risk parameter – somewhere in the region of 2655 looks good.

Chart courtesy of Trading View

Introduction of Suretly 

Among the plethora of decentralized products and services. Suretly is here with a non-decentralized service and yet promises to serve with an out-and-out new form of investment alternative (known as crowd-vouching). Suretly, with the capability to perform all around the world, has planned to serve with a system which will assist in turning the process of loan distribution much easier and more approachable.

Comprehensive Detail of the Product

To overcome the limitation of country’s legal restrictions, Suretly team has plans on setting up a separate legal entity in each country (just like Russia, Kazakhstan and USA) which will support them in continuing their operations without any restrictions. Currently functioning to pass Starta Accelerator program in New York, Suretly team already holds the title of generation’s finalists (which is Europe’s largest accelerator) and have participated in LendIt in March 2017.

  • The project is supported by Higher School of Economics in Russia.
  • Thru interest from around the world and 275 investors’ participations, Suretly accomplished its presale campaign of 50741 preSUR tokens on 16th May 2017, which assisted them in raising ETH 1612, 21; BTC 65, 22; LTC 340, 73; Waves 1652, 36.

Unlike P2P lending, Suretly users are not the ones who will lend money. However, they do guarantee to repay to the lender in case a borrower fails to return. Basically, Suretly users work here as a collective mind deciding whether the loan should be approved or not. In the case of loan approval, the amount will be raised by the big pool of Surety users.

It won’t be wrong to mention that, Suretly is trying to connect the three (borrower, lender and Suretly user) by providing them benefits like

  • decreased loan interest rate for the borrower
  • expanding the loan portfolio with an increase in loan approval and eliminated default risk for the lender
  • providing investment opportunity to the Suretly user

In simpler words, this system works exactly the way peer-to-peer lending works, other than the part that customers do not lend money directly.

Facts related to Funds and ICO 

The initial exchange rate of 1SUR equivalent to 0.1ETH or equivalent in Bitcoin, lite-coin or waves.

The ICO is still in process (11.07.2017 — 11.08.2017) and team plans on raising somewhere between $1.5 – $10 million USD by selling 15% of its share. Suretly has introduced themselves in the market after being pretty sure of how they wish to distribute their tokens. As a point of fact, the company has decided to issue additional 10% to the option of the pool for rewarding current and future employees and a 2% bounty for the people who will assist them with the marketing, if campaign ends successfully.

Understanding How It Works

Suretly users can relax as it’s not just the borrower’s appearance they have to judge from, rather it’s their complete financial history which will assist in making a final decision. To be more precise, on the app borrowers are divided into seven different categories depending upon the level of trustworthiness their profiles represent. And while Suretly users will get a maximum commission (maximum limit is $1.5) if they vouch for the borrower with the higher risk factor, Suretly charges 3% commission on each approved loan, regardless of whether the loan is repaid by its main borrower or not.

The minimum and maximum volume of the collection have been suggested as $1,500,000 – $10,000,000 respectively, also the fund will be returned to investors in-case indicated amount is not achieved. As per white paper, funds will be stored by the third party (Escrow), nevertheless, facts related to who exactly this third party will be have not been mentioned.

As per few words from team members, “Our audience is made of gamblers, people who like high-risk investments,” Lobachev said. “Our most popular product is surety for a borrower involving average risk and average returns, and in second place is surety for the riskiest borrower with the highest return.”

Company details 

Website –

With Headquarters in New York, this privately held company of 2 to 10 employees was founded in Russia in the summer of 2016. And even though only the demo version of the product is available in U.S, the team is already grounded in New York, Moscow and Novosibirsk. Developed on high level, as per most experts, this project has surprisingly significant prospects for scaling.


Finding professional experience, especially on most common and relevant platforms is not that difficult. In simpler words, the team is not anonymous and is quite active on various social networks. Thence below facts exemplified about the team are based on the information provided on the official website and team LinkedIn profile. However, we can add to the list that, Suretly has focused more on key participants, with quite a little information about the team on the whitepaper.

Eugene Lobachev – (CEO, Founder) – engaged in promotion and developments of start-ups, ‘LOANS ONLINE SERVICE’ was the project Eugene was working on before Suretly. He completed his masters from Russian Academy Of Entrepreneurship in 2010.

Anna Paulova – CMO – with more than seven years of experience in the field of marketing and design, Anna Paulova holds no experience on this managerial position. However, we cannot miss the fact that she holds the past experience of working with SMM promotions and contextual advertising of the

Svetlana Eydelman – CFO – with MBA degree from the City University of New York, Svetlana embraces work experience with some of the well-known companies such as New York Stock Exchange and J.Streicher Capital, LLC. Experienced in finance, she deals with the expansion of Suretly in US market while developing financial plans and growth strategy.

Eugene Kovalev – Regional Director for Russia and CIS – graduated from Siberian State University of Telecommunications And Informatics, Eugene holds a strong understanding of Russian banking market with the support of his executive experience gained while working with one of the top banks in the industry. He is involved with online fin-tech activity related to online credits, scoring and micro finance technologies.

Konstantin Vishnivetsky – Lead Developer – with no approach to various social links, Konstantin holds the experience of 14 years in the field of developing software products using C++, Java, and SQL.

Vlad Zubarev – Business Development and Advising – obtained MS from the State University of Nizhni Novgorod, Vlad holds 15 years of experience in software development.  Founder of XenZu technologies LLC Company, Vlad has past work experience with Cisco System in 2000 (in start-up phase).

Project risk 

We have no doubts that this project has been implemented with high quality, neither do we have any questions related to qualifications of the management and personnel. However, there is always the factor of risk which can frighten the potential investors.  After all, this project has based borrower’s risk profile as the deciding factor of revenue for the guarantor. As a matter of fact, the guarantor plays the most important role in this whole system, and if there is no guarantor, there will be no money for the borrower. Also, if there is only one guarantor he’ll be 100% responsible for the non-repayment of the debt. Moreover, the guarantor only gets to send paid anonymous SMS in order to get fund repaid, as neither the option of filing a court complaint is provided (the company is still working on this feature) nor the borrower number (identity) is disclosed.

Our take on project 

In spite of the risk we have mentioned above, it is assumed that the financial model of the project will increase 50% of the given loans with the aid of Suretly platform quarter by quarter. Moreover, while it is true that lending market is large, the part containing ‘people surety’ is yet not developed. Also, we must take into consideration that Suretly is not bound to any Blockchain architecture and neither the same works around the crypto community, which means the idea of using token might not look viable to many.

In the past couple of days, Bitcoin value has shot up to nearly 28% in reaction to the much-feared cryptocurrency split being averted. On July 20, the value had touched $3,000, which is a tremendous increase in value and it indicates the powerful influence of the impending August 1 SegWit activation.

Earlier in the week, miners gave the nod for BIP91 solution, which carries a middle line between SegWit and SegWit2x (Silbert Accord) by Digital Currency Organization.

Taking into account that technical instability was a challenging issue with BIP91, it still became an option of last resort for the Bitcoin community to avoid the network split, resulting in two different Bitcoins and Bitcoin Blockchains.

How does this new turn of events affect users looking to trade their bitcoins at

Is the exchange ready to meet the challenge of SegWit activation?

Before going into the semantics, let us first look at how BIP 91 came about in the wake of SegWit and SegWit2x.

Why SegWit and BIP 91 happened?

Bitcoin has reached a stage where an upgrade is vital. The limited transactions due to small sized blockchain led to higher fees and slower confirmation times. SegWit is a soft fork scaling solution that aims at larger transaction volume with benefits like higher multi signature transaction security, linear scaling in sighash operations, versioning of script and much more.

The scaling solution hit a wall when it came to fixing transaction malleability. The bug fixes introduced to ensure secure transactions led to the miners’ fees being deflected to the payment channels. As a result, this encouraged the opposition to SegWit proposals including BIP141 and later BIP148.

The miners responded with BIP91, which is developed by James Hilliard an engineer at Bitmain Warranty. BIP91 is fully in accord with the New York Agreement and earns support from several mining pools and Bitcoin companies. Its compatibility with BIP148 is another plus. BIP91 is a miner-activated soft fork and locks in at a threshold level of 80 percent in contrast to 95 percent required from mining hash power. This level surpassed to 83.3 percent on July 18 resulting in the nod for BIP 91 activation by mining pools like BTCC, Bitfury, Antpool and more.

What activation means for CEX.IO users?

SegWit activation will cause optimization of 75% of the Bitcoin blocks and reduction in transaction fees. The Bitcoin scalability and SegWit benefits have caused prices surging to nearly $3,000 in just a week. being one of the trusted and safe Bitcoin exchanges functioning since 2013, is well-equipped to deal with the outcome of SegWit activation, whether or not the split happens. It has all mechanisms geared up to support any fork the market chooses, even if the coin split goes ahead including generation of new wallets and keys.

August 1 activation and its impact

SegWit activation on August 1st is a highly anticipated event by the bitcoin community and users looking to safeguard their investments. When a split was considered a possibility users and the Bitcoin community went into a tailspin.

The repercussions of a split could result in a huge drop in the value of bitcoin and higher transaction fees. Many leading wallet services including Blockchain are requesting a fee amount of 90 satoshis/byte in case of transactions of medium size. This amounts to a range of $0.5 -$0.9. Earlier this year the Bitcoin fees were more than $5.

With the good news of split being avoided, Bitcoin trade is all set to increase to new heights and CEX.IO is well prepared for it. If everything happens smoothly by the middle of November a newer Bitcoin version will be in place with more transactions occurring in a block and lesser transaction fees.  And this successful upgrade signals the development of more such software upgrades that can make bitcoins more stable, standardized and widely accepted than now.

CEX.IO users are on the safe side

CEX.IO exchange is one of the fastest and allows users to trade in fiat currencies (Euro, British pound and US dollar) and Bitcoins. The flat fee of 0.2% for trade, sell or buy transactions is a low one when you look at the bitcoin price. The exchange does not levy fees for bank transfers but you have to pay for card payments.

With the exchange involving 400,000 active traders over a 30-day span, the users have more opportunity to increase their profits with the exchange. With a huge Bitcoin exchange like CEX.IO, which has solid security measures and well-optimized software to meet user needs the imminent SegWit activation will actually give the users an upper hand. The activation without a split is a much-anticipated one which will enable transactions to be more efficient and also profitable.

Transactions will go ahead as usual

While trading may be halted for some time before the activation, the Bitcoin exchange will provide instant notification to the users of the events and keep them updated. In spite of the split not happening there could be fluctuations in Bitcoin value before August 1st and after it. The users need not fret as the exchange will continue its operations.

Since Bitcoin is a fairly new and innovative software model there is still much uncertainty over its acceptance. Just as any new technology, Bitcoin will also undergo several tweaks in future to make it a more robust model. With SegWit proposal getting the approval now, investing in Bitcoin is certainly looking more and more profitable and a better one while trading at

However, volatility is a given thing in this market considering the huge difference in the value in the past week alone. This state of affairs is set to continue in the following weeks until the activation is completed successfully. On August 1st CEX.IO will be operating as usual. No halts or limitations are going to happen any time soon. The users are free to make fast and secure transactions as before..

Hello and welcome to News BTC’s Market Outlook July 25.


DASH looked slightly bullish during the day on Monday, as we broke above the $202 level. The market looks likely to test the $210 level where it will face a significant amount of resistance. Short-term pullback should continue to be buying opportunities as we are most certainly in an uptrend and may need to build up the necessary momentum to break out.


LiteCoin went sideways at the beginning of Monday, and essentially is hovering near the $45 level. I still believe in the uptrend overall though, so I think short-term pullbacks will be opportunities to cumulate more. If the market does break above the $48 level, the market then should go looking for the $56 level above which was the most recent high.

Thanks for watching, we’ll see you again tomorrow.