Get Ready for the New Year’s Blockchain Boost!

In these past few years, there has been a tremendous growth in interest in blockchain technology and cryptocurrencies in general. It showed businesses a new capital investment model – Initial Coin Offerings. ICOs are the new way of startup financing due to the inclusivity and global outreach offered. The technology offers a number of unique benefits, and the token sale is quickly becoming a valuable way to raise startup funds. With the ever-growing number of startups and up-to-date technologies, there really isn’t going to be another such exciting time to be a cryptocurrency investor.

Perhaps the most advanced beneficiary of the blockchain protocol is the gaming industry. In this year alone, the sector has witnessed an increase in development and adoption of blockchain powered gaming platforms as the annual revenues exceed $116 billion. Further contributing to the revolution is the growth in spending on video games by the millennial generation as gaming consoles replace PCs as the preferred gaming platform. A recent analysis by shows that players are playing on consoles as much as they are on PCs. Now, with the implementation of blockchain solutions, PC gaming could once again witness exponential growth.

Game Machine is one particular startup in the gaming industry to have embraced blockchain technology. The platform plays a unique role in the gaming industry by creating a loyal gaming audience while bringing together all the stakeholders including game developers, gamers, advertisers, game studios and more. The platform is powered by GMIT tokens and uses a combination of Limited Proof of Work, Proof of Authority and Proof of Stake principles to ensure transparency while maintaining credibility of the ecosystem. The main features of Game Machine include Game Crowdfunding through Rise Machine, Game Machine Client for mining, Ads machine – Advertising Exchange and the Exchange Machine – a cryptocurrency exchange for gamers.

Through Game Machine, developers can raise necessary funds to create and launch their dream games, gamers can earn by playing and advertisers get sufficient exposure within and outside the gaming community.

Currently in the midst of an ongoing token sale, Game Machine is an ambitious project that is powered by a clear vision and fundamental ideas. Established in March 2017, the team of bright-minded individuals has since achieved more towards the firm’s ultimate goal. Game Machine’s CEO, Taras Dovgal explains in a news release;

“Game Machine is constantly developing and growing. Currently, the team consists of 15 members. It isn’t a big group, but we can easily say that we’re friends and are united by the same ideas. We also have additional help from talented marketers, designers, and traffic-managers”.

Game Machine has already produced a working product. The team has just released an Open Beta version of its client app, which consists of a miner and a store of items for popular games such as CS:GO and DOTA 2. The client app has attracted over 30,000 users in less than a month and a half as gamers only need to share their PC’s processing power and not hard-earned money.

As the product development continues, the platform aims to further expand its library of games and other digital items as more and more projects are included in the pool. In 2018, the Game Machine team looks forward to providing constant product updates while releasing the first version of the app for developers and investors. The platform has already raised close to $1 million through the ongoing token sale. And those planning to participate stand to receive a 5% bonus for a limited time. The GMIT crowdsale will continue until January 31, 2018. Once the token sale is over, GMIT will be listed on at least 3 major exchanges, ready for exchange and trading.

Token holders will also be able to sell their tokens to gamers and developers for a better price. They can also invest in the most promising projects on Game Machine by following complex data and quality predictions supplied by the platform.

In the near future, Game Machine will be implementing neural networks and artificial intelligence into the platform, which will play an important role in tackling instances of fraud.

More information about Game Machine and its ongoing token sale is available at –

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So that’s another day done in our bitcoin price trading efforts and we’ve had another busy day in the cryptocurrency markets. Things have been pretty volatile and we’re looking to take advantage of any further examples of this volatility as things mature through to their conclusion this evening.

So, with this said, we’re going to jump straight into things and get our levels in place so as we don’t miss out on anything going forward.

As ever, take a quick look at the chart below to get an idea where things stand and where we are looking to jump in and out of the markets as and when things move. It’s a one-minute candlestick chart and it’s got our primary range overlaid in green.

As the chart shows, then, the range that we are relying on for the session this evening comes in as defined by support to the downside at 14800 and resistance to the upside at 14947.

We’re going to look at bringing just our standard breakout strategy to the table this evening (as opposed to employing our intrarange strategy, as was the case earlier this morning when we set up our wider range in the bitcoin price), so the two trades we are looking at are outlined as follows:

First up, we’ll be looking at jumping into a long trade if we see a close above resistance. On this one, we’ll enter towards an immediate upside target of 15100. A stop loss on the trade at 14910 will define risk nicely and will ensure we are taken out of the position in the event that things turn against us.

Looking the other way, if we see price close below support, we’ll get in short towards an immediate downside target of 14700. A stop on this one at 14830 looks good.

Charts courtesy of Trading View

The US Securities and Exchange Commission (SEC) has issued its second warning in a month to those investing in cryptocurrencies. In a statement earlier today, the governmental body advised those involved in the space to “exercise caution” with Bitcoin and other digital currencies. SEC Chairman Jay Clayton, along with Commissioners Kara Stein and Michael Piwowar, said many companies hosting initial coin offerings were not doing so within compliance of federal and state securities regulations.

They went on to state that whilst legislators were attempting to keep pace with the rapidly evolving markets, policing them is difficult and thus investors must use their due diligence when deciding whether to get involved with crypto investments.

According to a report by Reuters, the Commissioners’ statement read:

 “The SEC and state securities regulators are pursuing violations, but we again caution you that, if you lose money, there is a substantial risk that our efforts will not result in a recovery of your investment.”

As mentioned, today’s warning is the second from the SEC in less than a month. On Monday 11 December, Jay Clayton advised caution to those wishing to partake in initial coin offerings. The SEC Chairman’s statement came just hours after the Commission were forced to intervene in an ICO being held by a restaurant review application. The issue arose due to the company not registering as a security:

“A number of concerns have been raised regarding the cryptocurrency and ICO markets, including that … there is substantially less investor protection than in our traditional securities markets, with correspondingly greater opportunities for fraud and manipulation… If an opportunity sounds too good to be true, or if you are pressured to act quickly, please exercise extreme caution and be aware of the risk that your investment may be lost.”

Despite the frequency with which the SEC are issuing warnings surrounding the cryptocurrency space, the Commission seems much more concerned with initial coin offerings than it does with Bitcoin and existing digital currencies for now. The cautionary words should go without saying to anyone hoping to invest in anything.

Acute Angle PC is coming out, please stay tuned.

Acute Angle PC had been launched on its official website at 12:00 on December 12th. This is a universal hardware host based on IPFS point-to-point hypermedia protocol storage and Acute Angle Chain management of digital assets and formulating reward system for the users through smart contract.

History of Acute Angle PC

Based on blockchain technology, Acute Angle PC acquires digital assets by sharing idle disk space and bandwidth through distributed cloud storage and cloud computing. This is what we commonly refer to as “mining” and the hardware that acquires digital assets is what we call “mining machine”.

Acute Angle PC

Gao Shengli, the developer of Acute Angle PC, is a computer enthusiast. He started to keep an eye on blockchain technology as early as 2014 and began to devote himself to personal computer development the following year: he started with iterating computer hardware performance and appearance constantly and never stopped research on the application of blockchain technology, and finally completed the world’s first Acute Angle PC based on the blockchain technology.

Acute Angle PC

Acute Angle PC, built with 128G SSD hard disk storage inside and interface with hard disk storage device outside, provides comprehensive and stable CDN services for the Internet business with the idle resources provided by users and a series of innovative and valuable massive business acceleration services for the download platform, UGC acceleration platform, streaming media platform and dynamic acceleration platform.

In the future, Acute Angle Cloud will offer more massive services to provide users on the cloud with CDN acceleration services that better meet the needs of the Internet business. Users can not only earn Acute Angle Coin by sharing the idle storage space and bandwidth through Acute Angle PC but also easily win community rewards and technological innovation bonuses by sharing contents.

Why Acute Angle PC?

 The significance of Acute Angle PC’s research and development lies in that it can bring users point-to-point information dissemination at lower costs and has made a great contribution in the direction of globalization. In addition, Acute Angle PC also has the necessary advantages of long lasting storage and great stability to go global. Let’s take a closer look at its advantages.acute angle pc

Storage advantages

It solves the waste of storage space through distributed storage technology and automatically reallocates data to improve utilization of storage space and connect all computing devices with the same file system.

Its principle lies in that the domain-based address is replaced with the content-based address, that is, the user is looking for the content stored in an address instead of the address itself, and there is no need to verify the identity of the sender, but only verifying the hash of the content. In this way, the web pages can become faster, more secure, more robust and more durable.

 Lower cost of use

The distributed IaaS platform is realized through technologies such as blockchain, cloud computing, and IPFS to subvert the operation mode of the traditional centralized computer room with high operation and maintenance costs and makes rational use of idle resources and returns benefits to users.

 Avoiding waste of resources

Acute Angle PC solves idleness of the personal computer hard drive, CPU, and other resources through virtual technology. It collects, allocates and fully recycles the user’s idle hard disk and CPU resources to apply Acute Angle PC and Acute Angle Cloud in the chain ecological system.

Comparison between Acute Angle PC and OneCloud, LLT Box

 The biggest difference between Acute Angle PC and OneCloud, LLT Box is the form of the equipment. The essence of Acute Angle PC is a computer based on blockchain technology with the Windows10 system, the latest Apollo N3450 14nm quad-core microprocessor of Intel, 8+64G internal memory, solid node storage with capacity of 128G or larger, which is safe and high-speed with node storage. Thus, it can not only be used for mining, but also for daily office working and entertainment. The other two are private Nas (Network Attached Storage), and if users use Nas’ memory, the unused space for digging up the mines is more limited. In addition, Acute Angle PC’s service system also surpasses the only cloud storage services of the other two devices, and constructs a better global distributed IaaS platform.

Acute Angle PC

At present, we have already released the White Paper and the product has drawn the attention of many investment institutions.

For more information, please go visit our official website: and leave your email to be the first to know any updates regarding the product.


DASH continues to be a bit volatile, but we are underneath the downtrend line that makes the top of the downtrend in channel. If we can break above the $1200 level, the market could continue to go higher, perhaps reaching towards the $1400 level. If we break down below the $1000 level, then I think we go down to the $850 level.



Litecoin fell a bit during the trading session on Thursday, but I think there is plenty support below at the $200 level to keep this market afloat. We may drift down towards that area, but right now I think the volume simply isn’t there, meaning that we are going to go back and forth.

Thanks for watching, I’ll be back tomorrow.


Ethereum continues to grind higher, as it looks likely to reach towards the $1000 level over the next several days. Because of this, I believe that the markets will continue to find buyers on dips, as the large, round, psychologically significant number is far too tempting of a target. I believe that it is not until we break down below the $800 level that you should worry about the uptrend.



Ethereum rallied against Bitcoin as well, and it looks as if the markets are starting to favor Ethereum overall. The market looks likely to go looking towards the 0.07 handle above, and I think dips continue to be supported at the 0.06 level below.

Thanks for watching, I’ll see you tomorrow.


Bitcoin drifted a bit lower during the trading session on Thursday, as traders continue to bounce around the head of the nonfarm payroll number coming out of the United States. This will have a drastic effect on the US dollar, and by extension Bitcoin. It looks currently as if we are consolidating still, with the $13,000 level being the “floor”, and the $16,000 level being the ceiling. Because of this, back and forth range bound trading strategies seem to be the best way to deal with Bitcoin currently.



Bitcoin fell a little bit against the Japanese yen after initially rallying, but in the Japanese market, it looks as if Bitcoin is trying to make a move to the top of the consolidation range at ¥1.9 million. If we can break above there, we will challenge the ¥2 million level, and a move above there becomes more of a “buy-and-hold” scenario. Until then, buying the dips continues to be the best way to trade.

Thanks for watching, I’ll be back tomorrow.

Initial coin offerings have come under increased scrutiny by the SEC. That is only normal, as a lot of these projects catered to US-based investors. However, very few of these concepts effectively filed with the SEC to issue securities. After Tezos, Giga Watt is now the second major project to feel the SEC’s wrath. The company is effectively being sued for securities fraud as we speak. Whether or not this group of investors will benefit from such legal action, is a big unknown.

Investing in an ICO is always a certain risk. Most novice users tend to ignore these risks and potential warning signs as well. It is far from an ideal situation, to say the very least. Giga Watt is one of the ICOs which attracted a lot of attention in 2017. Although the tokens are going up in value, investors are not impressed. This is mainly because no one has received their tokens or been refunded in the process. Nor is there any sign of the promised mining equipment either. A very disturbing development, especially for a project of that magnitude.

Giga Watt ICO Fails to Deliver

After all, not issuing tokens to investors is a very serious problem. It has affected the Tezos ICO as well. That particular company is facing three different class action lawsuits as we speak. For Giga Watt, the first of such lawsuits have been filed by investors as well. These people are – genuinely – concerned they will never receive their tokens or mining equipment activated. It is unclear why the ICO team hasn’t issued the tokens to investors or made any other significant progress, though.

At the same time, there’s the concern over the token “status” as well. More specifically, it seems Giga Watt violated securities laws in this regard as well. Although advertised as a utility token, it’s not immune from SEC regulation whatsoever. It will be interesting to see what the government agency has to say regarding this matter. Until this matter is resolved, investors will have to hope for the best. It is unclear if they will reap the benefits of the token value appreciation in the end.

All of this goes to show initial coin offerings remain a big problem. While there are legitimate projects out there, some of the bigger ideas simply fail to deliver on their promises. It is evident issues like these will set the whole industry back over time. Giga Watt is a very ambitious project, but a lawsuit can make the whole thing fall apart pretty quickly. Moreover, the creator of this ICO is Dave Carlson. He has a colourful history of failed mining ventures. The people who conducted their research would have known that from day one.

On December 29th Ripple soared by more than 55% to reach an all time high of $2.23 implying a market cap of more than $86 billion which was well-over Ethereum’s $73 billion at the time. Coverage seems to be infiltrating mainstream media now, with Ripple even getting a mention on the BBC.

So what has caused this market reaction?

I think the market is taking notice of Ripple’s speed, reliability and scalability — which has strengthened the demand for Ripple where it’s listed. Ripple has gone from being listed on six exchanges earlier this year to more than 50 worldwide.

At a fundamental level, growing adoption of Ripple seems to have driven its rise in value. Over the weekend, three of Japan’s largest credit card companies revealed they had signed up to use it to handle payments and settlement. Prior to this announcement, South Korean and Japanese banks announced a pilot project that would use Ripple to handle cross-border payments. These real world uses cases for XRP in these markets is probably why the South Korean cryptocurrency exchanges like Bithumb, Coinone, and Korbit have accounted for more than half of Ripple’s $4.5 billion daily trading volume. Interestingly, Asian investors continue to pay a premium for XRP, on Bithumb, it’s being traded at $2.76, more 25 percent higher than the global average price according to data taken from

These events in Asia are believed to have prompted the bump in value. In addition, JoelKatz also known as Ripple’s Chief Cryptographer, David Schwartz, mentioned about “two household names” for the next wave of xRapid customer announcements.

For the most part, a lot of the price action is fueled by the anticipated XRP listing on Coinbase, the largest and most liquid exchange in the US, which is expected to happen imminently. With rumours around XRP being listed on Coinbase, huge sums of money is flowing into XRP, with one investor purchasing 2.7 billion XRP worth about $4 billion. There’s an interesting Reddit thread discussing this transaction.

A few months ago Coinbase released their Digital Asset framework which outlines their criteria for listing a Cryptocurrency on their site and unsurprisingly XRP satisfies more than few requirements. The Coinbase listing rumours were sparked by a video doing the rounds on Twitter, although there has been no formal announcement from either Coinbase or Ripple yet.

Various countries all over the world aim to regulate cryptocurrencies. That is much easier said than done, though. After all, cryptocurrencies can’t be controlled by default. In South Korea, the government has taken a slightly different approach. Their form of cryptocurrency trading regulation doesn’t sit too well with the general public. In fact, a Seoul-based law firm has filed an appeal regarding this matter.

It is evident the regulation of cryptocurrency trading is a very sensitive subject. It may seem the best course of actions for most governments all over the world, though. Since cryptocurrencies can’t be controlled, the exchanges facilitating services certainly can. However, things will not go over so smoothly in South Korea. Anguk Law Offices filed an official appeal to fight this trading regulation. In fact, they claim the government conducted unconstitutional infringement on property rights. A very serious accusation that will not be easy to pursue whatsoever.

Cryptocurrency Trading Regulation Without Legal Ground

According to the law firm, there is no legal ground to regulate cryptocurrency trading. A very interesting way to put things, to say the very least. While no one denies regulation can be a good thing, there are no official related laws in place just yet. The Korean government is asked to “respect the property rights of its citizens”. Again, very firm language that leaves little to the imagination. The big question is whether or not the government will even pay attention to this appeal. It would certainly set an interesting precedent in the world of cryptocurrencies.

It is true the idea of regulating cryptocurrency trading is frowned upon all over the world. Forcing exchanges to conduct more thorough KYC and AML checks is not uncommon, though. However, limiting the way people can conduct these trades is something that doesn’t sit well. After all, people should still be given minimal access to these services without verifying their identity. Even if it is just for small amounts, there’s no reason to exclude these users whatsoever. How all of this will play out, remains to be determined, though.

Whether or not the South Korean government will ever recognize Bitcoin, remains to be seen. It is certainly something to look forward to if that happens. Japan has done the same a few months ago. That decision paid off in spades for the land of the rising sun. There is no reason why South Korea can’t do the same, even though nothing has been set in stone yet. Until an official form of recognition occurs, Bitcoin isn’t subject to traditional financial laws either. It remains doubtful the government will agree with that stance, though.