IoT Devices Demonstrated to be Vulnerable to Mining Hack at Mobile World Congress

Vulnerable IoT devices, from smartphones to security cameras and smart TVs can be hijacked and used mine cryptocurrencies, cybersecurity firm Avast demonstrated this week at the Mobile World Congress in Barcelona, Spain. The Czech-based firm showcased the problem by giving conference-goers a firsthand look at a “hacked” network, where inter-connected devices were collectively mining the cryptocurrency Monero in what’s called a botnet.

Mining is the process of verifying transactions on a cryptocurrency network by solving complex mathematical algorithms. Bitcoin and other cryptocurrencies are difficult to mine without having purpose-built, high-powered computers, but Monero is different. Monero mining can utilize the power of a network of internet-connected devices.

The company said that based on its tests if it were able to get 15,000 internet-connected devices onto its hacked network, it would be able to mine $1,000 of the cryptocurrency in four days. In theory, a real-world attack would be made possible if hackers did just this, taking over a network of devices and using their combined computing power to mine.

While $1,000 might not sound like a lot of profit, the potential is huge. In 2017 there were an estimated 8.4 billion of internet-connected devices, but by 2020 it’s estimated there will be over 20 billion, according to a forecast by research firm Gartner.

“This ubiquity of devices combined with the fact they are so easy to attack makes them an attractive target,” Ondrej Vlcek, the chief technology officer at Avast, told CNBC.

It is worth remembering that Avast does have a product to sell: Later this year it intends to release a smart home security package that protects against such hijackings.


The Internet of Things (IoT) is the interconnection (via the internet) of computing devices embedded in everyday objects, enabling them to send and receive data — think smart houses. The issue with the IoT is that to increase function, connectivity is being inserted into millions of everyday items, making it possible to cram new functionality into everything from speakers to thermostats — each one of which is effectively a computer of sorts. Gather enough of them into one botnet, and you can harness a large amount of computing power.

We’ve been hearing a lot about security and hacking in relation to crypto-mining as of late. North Korean government-backed hackers have been running campaigns aimed at hacking devices to mine Monero, and recently China has been having trouble with related Monero-mining bot the Jenkins Miner. The Jenkins Miner is an operation designed to mine Monero by actively spreading Monero mining malware across computers networks. The operators of this botnet have hijacked thousands of computers already.

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Most of the young companies developing blockchain-based solutions are focused on cross-border payments and other financial services. Therefore, the insurance industry is still poorly covered by the blockchain, says Keith Lim, owner of the insurance startup Hearti.

However, the expert is sure that the technology will change the sphere of insurance in the near future. In an interview with Blockchain & Bitcoin Conference Thailand, he talked about how this will happen, as well as made a brief announcement of his presentation at the event.

Interviewer: Blockchain & Bitcoin Conference Thailand (BCT)

Speaker: Keith Lim (K.L.)

BCT: Tell me how did you find out about blockchain. Were you skeptical at first, or did you immediately see an enormous potential?

KL: I first found out about blockchain around 2012.  At that time, many blockchain use cases were still in a very early experimental stage.  However, through progressive studies and better understanding of the technology, I see an enormous potential in blockchain and wanted to develop a viable use case for the insurance industry.

BCT: Mr. Lim, you are Head of blockchain-based insurance service. How do you see the prospects of blockchain in insurance? Will the industry be completely blockchain-based in the future, or traditional and blockchain-based services will exist in parallel?

KL: The insurance industry is a huge and traditional one that blockchain will definitely have a positive role in disrupting it.  Insurance companies are starting to do proofs-of-concept on smart contracts, KYC processes and claims management on the blockchain.  Having said that, as there are many traditional stakeholders in the insurance industry such as agents, underwriters, insurers, and reinsurers, I envision that blockchain-based services will co-exist with traditional services for a while.

BCT: Are there many blockchain companies in the insurance industry today? What are the competitive strengths of Hearti?

KL: As there are many potential use cases for blockchain, such as for global payments, logistics etc., not many blockchain companies are focusing on the insurance industry at the moment.  This presents a huge advantage for Hearti as an early mover.  Moreover, Hearti is already serving many insurance customers with our Artificial Intelligent solutions, which strengthens our value propositions to our customers for blockchain.

BCT: What difficulties do the blockchain companies have in Singapore today? What are the main disadvantages of this jurisdiction?

KL: Blockchain technology works best as a decentralized and distributed network of difficult stakeholders.  Therefore, the challenge for any blockchain company in Singapore is to gather sufficient stakeholders in the insurance and related industries within Singapore’s well-connected and technologically advanced marketplace.

BCT: Which are the targeted regions for Hearti? Is Thailand in your area of interest?

KL: Hearti’s targeted region is South East Asia, and we already have offices in Thailand, Indonesia, Vietnam, and Malaysia.

BCT: You will talk about blockchain trends at Blockchain & Bitcoin Conference Thailand. Tell us briefly, which trends will you discuss with the audience?

KL: I will be discussing events and use cases that formulated the trend of blockchain in the past few years, and what we can expect in the next few years.  I will be touching on major trends that I see emerging from the recent events, e.g. regulations in countries such as Thailand and China, and how these events can affect blockchain development.

BCT: Please tell us about your expectations for the conference.

KL: I envision the conference to engage in lively discussions about blockchain and bitcoin.  It should also offer excellent opportunities for collaborations and partnerships.

The event will be held on March 6 in Pullman Bangkok Grande Sukhumvit. It will include:

  • 15 crypto industry experts from 10 countries;
  • panel discussion dedicated to ICO regulation in Thailand;
  • an exhibition area, featuring trading platforms, suppliers of equipment for mining farms, software developers.

Program and registration are available on the website of Blockchain & Bitcoin Conference Thailand.

Partnering with Israeli finch startup Neema, The Republic of the Marshall Islands (RMI) — a country located in the Pacific Ocean with a population of only 50,000 — is set to become the first sovereign nation to issue a cryptocurrency that will be legal tender.

As reported by the Telegraph, President of the Marshall Islands, Dr. Hilda C. Heine describes the move as follows:

“This is a historic moment for our people, finally issuing and using our own currency, alongside the USD. It is another step of manifesting our national liberty.”

The new currency is called “Sovereign” or “SOV.” It will be distributed to the public via an Initial Coin Offering (ICO) later this year, with every resident of the Marshall Islands to receive a free allocation — soon after, the government will allow global investors to participate. The SOV will circulate as legal tender in the country alongside the country’s current local currency, the U.S. dollar.

“E-Conomy Vision”

This move is part of a broader “E-Conomy vision” to create a society that not only uses blockchain technologies for the SOV and for securely record biometric IDs: Going ahead, the government hopes blockchain will transform licensing, ownership, and the voting system in the Marshall Islands, amongst other things. 

President Heine describes the vision as follows: “The RMI will invest the revenues to support its climate change efforts, green energy, healthcare for those still affected by the US nuclear tests, and education.” In fact, 10% of the proceeds from the ICO will be directed toward a Green Climate Fund, according to David Paul, Minister-in-Assistance to the President and Environment Minister of the RMI.

Yowke Protocol

In contrast to Bitcoin and other decentralized cryptocurrecies, the SOV is based on the Yokwe protocol, which requires users to identify via the blockchain — taking away the pseudo-anonymity that other cryptocurrencies offer. This isn’t necessarily a surprising move as the RMI is creating this digital currency for its citizens and wants it to be transparent — don’t forget, the SOV is a government funded and run operation.

As noted above, Neema is the Israeil fintech startup the RMI is teaming up with to issue the digital currency. Peter Dittus, Neema’s senior economic advisor, describes the decision to utilize the Yokwe protocol as follows:  

“The Yokwe protocol provides a promising balance between transparency and privacy and we’re excited to develop it further. It’s state of the art technology, put to good use, with the right values in mind and a clear purpose.”

Earlier this year, the Maduro government in Venezuela launched a digital currency called the Petro, claiming it was the world’s first sovereign cryptocurrency. The SOV statement notes that, contrary to the Petro, the SOV will actually be legal tender of the country. And further, the SOV price will be determined by the market — not like the Petro whose price is pegged to a barrel of oil, making it vulnerable to manipulation by the Venezuelan government.

An investment group with over $1 trillion under management have declared their interest in the cryptocurrency space. Wellington Management Co. stated in their February report that they were looking at companies connected with the emerging industry surrounding digital coins. For now, however, they’re exercising caution in their consideration of pursuing direct exposure to cryptos for their clients.

Another Big Player Edges Towards Crypto

According to an article in Bloomberg, the Wellington Management Co. systems now include various Bitcoin derivatives. Along with this development, the mainstream investment firm has begun to explore positions in companies such as mining manufacturers and those working closely with the technology behind digital currencies, the blockchain. The February report read:

“Various Wellington teams are already positioning portfolios to take advantage of mining and blockchain implementations by, for example, investing in select chipmakers making components.”

The Wellington Management Co. report mentioning cryptocurrency was authored by a team that includes experienced equity researched Matthew Lipton, along with Wellington veteran trading technologies principle, Lee Saba. Along with the report, an Investment Guide has been penned for the company’s clients. It includes information about “cryptoassets and blockchain”, as well as an FAQ comprising of basic questions those unfamiliar with the space are likely to ask.

Wellington Management’s decision to direct the immense capital at their disposal towards companies relating to cryptocurrency is likely backed by recent stellar performances by such stocks.  Companies such as Overstock, Nvidia, and Square have all seen their share price jump thanks to their involvement in the digital currency space. The firm responsible for creating chips for Nvidia Corp. and Advanced Micro Devices, Taiwan Semiconductor Manufacturing Co., has had a 34% increase in the price of share since the beginning of last year. During the same period, shares in Nvidia doubled in value.

Even companies with little to no discernible ties to blockchain (other than their name) have seen similar gains.  Long Blockchain, formerly Long Island Iced Tea, saw massive gains shortly after the announcement of their re-brand last December. Since then, the Nasdaq stock exchange has delisted the company for misleading investors. Naturally, this has caused their share price to drop.

Despite their obvious interest in the legitimate stocks of those companies closest to cryptocurrency, Wellington Management is reluctant to direct any of their $1 trillion fund towards direct exposure in the space. According to their report, their official stance is “cautious”.

Below you can find an overview of what happened in February in the world of cryptocurrencies – brought to you by SimpleFX CFDs trading platform. Whether you took some time off following the news and you’d like to catch up, or you just want to go over last month’s highlights, this article is for you.

Despite condemning voices from the US and opposition parties within the country, Venezuelan President Nicolas Maduro made his way and launched a pre-sale of the Petro – an oil-backed cryptocurrency. This initiative was previously announced as an explicit attempt to avoid US sanctions. Maduro said that on the first day alone $735 mln of tokens were sold. A week later he reported that the number of certified purchase orders reached 171000.

If we look at President Maduro’s initiative, along with Venezuelan finance minister talking to his Russian counterpart about the Petro token and Iranian minister hinting at plans of launching the country’s own digital currency, an interesting trend seems to have emerged of cryptocurrencies being used by states to avoid limitations imposed within the traditional banking system.

Also in February, we witnessed another proof that Bitcoin has made it to the mainstream: it was brought up by Ellen DeGeneres and joked about in her programme. Although she did not spread much knowledge about the cryptocurrency, the sole appearance on this show is a notable development.

The Coincheck hack which happened in January is far from being a closed topic. As the reimbursements are dragging out and the company has so far enabled withdrawals only in yens, a class-action lawsuit has been filed by its customers. It will be interesting to observe if Coincheck indeed keeps the promise of repaying all its customers. In the wake of the event, the country’s Financial Services Agency announced plans to inspect fifteen not yet licensed crypto exchanges. Also, several of them are said to have started forming a self-regulatory group.

The need for cryptocurrencies regulations is still a prevalent topic in the opinions of the Western world authorities. In February we heard calls from French and German finance ministers and their US counterpart for discussing this subject during the upcoming G20 summit in March. This view was also supported by the IMF managing director. Next month we’ll see if the Western authorities move beyond official statements and into specific actions in this regard.

Banks have emerged as institutions that are ‘too big to fail’. The 2008 banking crisis taught us the lesson that many governments will bail out banks using public money to avoid unrest on the streets, as well as in their economy. However, we have to seriously ask if the financial crisis ever went away. The Gross Non-Performing Assets (NPAs) of Indian banks now comprise 22.39 percent of their total lending and has risen to INR 350.98 bln. While in China, spiraling lending is causing concern. New bank loans have reached CNY 2.8 tln; 43 percent higher compared with a year earlier.  The International Monetary Fund’s Working Paper, Credit Booms – Is China Different? By Sally Chen and Joong Shik Kang, puts the risk in plain and simple words, “Strong Chinese output growth after the Global Financial Crisis was supported by booming credit. This credit boom carries risks. International experience suggests that China’s credit growth is on a dangerous trajectory, with increasing risks of a disruptive adjustment and/or a marked growth slowdown.” China and India are both among the seven biggest world economies; any crisis caused by errant banks in either country could be disastrous for the entire world.

It is increasingly difficult to continue business as usual without seriously considering alternatives to the traditional banking system, whether talking about banking, governance or providing quality investment opportunities to the public. With the advent of the blockchain, new possibilities have emerged that offer real choice to the people. Bitcoin, which was one of the first on the scene, provided people with the opportunity to hold, spend and transmit digital funds. Ethereum added the capability to execute smart contracts, and now there is a currency that will provide bank-like benefits. Bitstrades Coin allows users to benefit by just holding the currency.

More than just a bank

Bitstrades is a platform that provides some services that traditional banks also provide. Investors can get benefits by holding the platform’s Bitstrades Coin, while the users of the platform can also benefit by taking loans from the lending platform that it will operate. A dashboard also gives access to the lending platform for potential investors, who can then use it to invest money in the lending platform and gain income based on the amount that they invest.

However, the platform is way more than just a bank; it also includes the BSS exchange where investors can change their Bitstrades Coins into other cryptocurrencies or Euro and can also buy Bitstrades Coins to either hold or invest in the lending platform. The platform also provides a news section which gives the latest information on price analysis of cryptocurrency as well as charts, guides, and listings, so that investors can benefit from movements in currencies and execute well informed financial decisions.

Why Bitstrades Coin?

Bitstrades Coin’s main attraction seems to be the fact that it provides investors with a chance to get daily profit from the coin by just holding it, in addition to normal revenue generation avenues, such as mining and trading on major exchanges. Bitstrades platform is a solution that provides a large number of opportunities to the average user, such as staking, investing, trading and mining. The platform is built on the peer-to-peer principle and has a very quick transaction time. As more users discover the Bitstrades platform for uses ranging from transactions to borrowing, there will be more use of the Bitstrades Coin which will in turn fuel demand, meaning the possibility of appreciation in the price of the coin itself.

Can Bitstrades create a new era in banking?

It is time that banking gets an independent mechanism which is above reproach. Bitstrades, with its investment capital managed by transactional bots and volatility software, is banking untouched by human hands. This is the chief characteristic of the platform that distinguishes it from traditional banking as it exists today. In fact, if the platform itself finds massive success, it has the potential to revolutionize banking itself and save the industry from imploding. The approach that Bitstrades has taken can help cut down the  Non-Performing Assets of the banking industry, give automatic returns to system users and help generate employment by getting loans to the people that truly deserve them. This approach can also bridge the gap between geographies and help poorer areas of the world get access to banking finance. The evolution of Bitstrades will be fascinating for anyone who wants to see a change in the banking system.

Hard forks in the crypto sphere are now commonplace, Bitcoin had countless blockchain splits over the past year. Just last month Litecoin forked amid a lot of controversy, much of which came from the founder of the original. Forks tend to draw in those looking for a quick buck on the price jump or some free coins from the airdrop that usually occurs after the split. The latest hark fork generating a buzz is the anonymous cryptocurrency Monero.

Monero’s XMR coin is widely regarded the hacker’s choice due to its anonymity. Virtually all stories about crypto mining malware have involved Monero and it remains the top crypto to acquire on the sly. This is largely a testament to its success as a private and untraceable digital asset. Monero has been one of the better performing altcoins in February climbing 20% during the month.

MoneroV Airdrop

Prices are likely to continue upwards as the hard fork approaches block 1529810 around March 14. From then on MoneroV will be born out of the blockchain and holders of XMR will get a ten times airdrop of XMV coins if they have them in a Monero wallet. Exchanges are unlikely to support the fork as was the case with Litecoin Cash. Also as with LCC there have been concerns about entering private keys into the new wallet that could potentially enable access to crypto stored in the original one.

According to the blurb on its website MoneroV ‘has limited supply of coins while Monero’s coin supply is infinite, and MoneroV will implement new protocols that will solve the scaling problems facing Monero and other cryptocurrencies.’

With a capped supply of 256 million XMV and a release of 158 million at the fork it is expected that prices will rise. However MoneroV is entering an increasingly crowded anonymous altcoin market that already includes Dash, Zcash, Zcoin, Pivx, Komodo, and Verge.

Centralized Mining Threat

The current concern with Monero is the possible centralization of mining operations using proof of work. If there is enough hashing power with a large enough network one group could theoretically control the entire network. One specific location or type of hardware for mining could also create centralization.

According to reports a hard fork will change Monero’s CryptoNight proof-of-work algorithm to prevent it from being effectively mined by application specific integrated circuit (ASIC) hardware. Too many ASIC miners could potentially centralize the network. The Monero team explained the threat of centralization in a lengthy blog post last month and warned against reuse of Monero keys for forked versions. has announced the launch of its public Initial Token Event (ITE) which will take place from the 20th of March 2018 (15:00 UTC) until the 29th of March 2018 (15:00 UTC) in order to fund The distribution of the tokens will commence on the 2nd of April. is a user permissioned and revenue sharing personal data warehouse. User data is collected and saved in a form of high-level analyses, which are then available for purchase by interested customers.

To realise its vision, is launching its own utility token – BTRN. The token facilitates the trade of data and payments between providers and customers. It is the only option for payments to access’s data analyses and to compensate data providers.

During the ITE, BTRN are created as ERC-20 cryptographic tokens on the Ethereum (ETH) protocol. After the ITE and once the Biotron Blockchain is launched, the ERC-20 based BTRN will be replaced by the final proprietary BTRN.

The public ITE will last 9 days, with each day representing one round. The round one value of 1 BTRN will be 0.10€ with an increase of 0.01€ per round. The final round value will be 0.18€ per 1 BTRN. The ETH-EUR exchange rate used for each round will be announced daily according to the Euro exchange rate. It will be calculated as 1-day (24h) moving average of the day before the round starts. The source of the exchange rate and its calculation will be announced in advance of the ITE.

A private ITE was launched on the 1st of February 2018 and will last until the 19th of March 2018. The minimum contribution is 200ETH. Contributions received during the private ITE will be recorded during the 1st round of the public ITE and distributed from the ITE token pool. Private ITE bonuses will be distributed individually from an allocated “Private ITE Bonus” token pool which is 10% of all the created BTRN tokens. Any tokens that were reserved for the ITE and Private ITE Bonus but remain undistributed will be allocated to the “User Acquisition” token pool.

The identification of contributors to the ITE will be based on their ETH wallet address and BTRN tokens are distributed to this address only. All BTRN wallet addresses for contributions will be made public prior to the ITE. There will be the KYC process to establish a contributor’s investment knowledge and financial position.


Role of Token: Enables trade of data between data customers and data providers
Symbol: BTRN
Maximum Supply: 1 000 000 000 tokens (no new tokens will be created)
Initial Token Event: 350 000 000 tokens (35% of all tokens)
Initial Token Value: €0.10 per 1 BTRN (Round 1)
Public ITE Period: 20.3.2018 15:00 UTC to 29.3.2018 15:00 UTC
Accepted currencies: BTC, ETH, LTC, EOS, OMG, BAT, SPHTX
Token Distribution Commencement: 2nd of April 2018 (48 hours)

Token allocation:




Graph Summary

  • 35% of BTRN tokens will be allocated for ITE.
  • 10% allocated for private ITE bonus scheme.
  • 10% will be held for transaction validations in case decides to build their own blockchain/ledger. If an existing blockchain/ledger is used, these tokens will be used to cover transaction fees on that network.
  • 25% of issued BTRN tokens will be allocated for user acquisition activities, business development, and market expansion.
  • 15% of BTRN tokens will be allocated to cover ITE operation costs (marketing, legal, and development efforts) and to compensate ITE advisors, partners, and founders (vesting period up to 12 months).
  • 5% will be held in a reserve by for future development with sales restrictions of 2 years.


Rumors of regulatory crackdowns have dealt damaging blows to crypto-markets, but promising new tech is set to change the crypto-ecosystem completely.

Regulation is quickly becoming a hot topic in the crypto-world.

The unregulated, “Wild West” environment of the crypto market left investors wide open to fraudsters, scammers, and shady firms out to make a quick buck.

The technology of blockchain and Bitcoin is here to stay. But to bring value to investors, it’s going to need tighter rules and more responsible companies with their eyes on the future.

The crypto market, worth $450 billion, won’t disappear overnight. The next step will be figuring out how to establish rules, expectations, and regulations for making the market work smoothly.

And one company is positioned to meet that need: Hashchain Technology Inc. (TSX: KASH.V; OTC: HSSHF)

This is a blockchain company that can do it all: mine coins, diversify investment in a variety of different crypto-currencies, and navigate the crypto marketplace.

But KASH is going a step further: it’s working on proprietary methods and new technologies to make compliance with new regulations easier.

At a time when state agencies are cracking down on the free-for-all within the crypto world, KASH is set to making earnings from crypto-currencies regulation.

Here’s five reasons to take a strong look at Hashchain Technology Inc.:

#1 Order to Chaos

Last year, Bitcoin and blockchain was on everyone’s mind. The value of cryptocurrencies was shooting through the roof, and everyone wanted in on the action.

Major papers ran multiple stories trying to explain what cryptos were, how the blockchain worked to facilitate crypto transactions without middlemen, and investors were offered dozens of opportunities to buy into new cryptos through initial coin offerings (ICOs).

Now, the view is a bit different.

Governments, banks, and investors are all worried that the frenzy over Bitcoin and other cryptos was fed by fraud.

South Korea and China began considering bans on crypto mining, which is immensely energy-intensive and difficult to monitor. South Korea specifically wants to start licensing cryptocurrency exchanges to bring trading under closer surveillance, in order to prevent fraud.

Authorities in the U.S. are worried about crypto-currencies being used to launder money and want investors to start ponying up their taxes.

The cryptocurrency Bitcoin has been accused of acting as a Ponzi scheme. Coinbase, the popular crypto market hub, has even been subpoenaed by the IRS to get information on its customers.

Both political parties have now called for tighter crypto regulations.

While a full ban on mining isn’t being seriously considered, it’s certain that the crypto marketplace is going to come under greater control in the coming months and years.

#2 The KASH Way

Hashchain Technology Inc is ready.

The company sees regulation of cryptocurrency as the logical next step for the industry, and it’s taking steps to meet the new business conditions.

The company, which began as a cryptocurrency miner, has acquired the assets of Node40, a blockchain technology, and accounting software firm, for $8 million and stock consideration. The acquisition indicates KASH is diversifying beyond its mining strategy.

The Node40 software, called Balance, reports transactions from major crypto-currency exchanges. Individuals on the blockchain trigger taxable events when they buy and sell crypto, but until now, no one was charting these events in a way that ensured regulatory transparency. The potential for fraud was huge.

With Balance at its disposal, KASH is providing tools to investors and regulators to account for transactions, providing up-to-date information on the crypto marketplace.

“The acquisition of the NODE40 Business,” said CEO Patrick Gray in the company’s press release, “is an important next step of creating a global blockchain technology company.”

Regulation is the company’s “niche,” and it’s what makes KASH “different from everyone else,” Gray told

#3 Mining for Crypto Gold

Outside of its new approach to crypto regulation compliance, KASH is a mining company with a fresh approach to the crypto marketplace.

The company currently has 870 rigs, with further acquisitions set to bring KASH to a total of 8.4 MW of cryptocurrency mining capacity by the end of Q2 of this year.

What does it mean to “mine” bitcoin? Well, companies like KASH use massive amounts of computer processing power to verify bitcoin transactions and gets paid in new “coins” which can then be bought and sold on the crypto market.

Even with the booms and busts in the price of Bitcoin, the profits from crypto mining can be immense. Where gold mining only yielded an 11 percent return last year, investment in certain cryptocurrencies can yield returns as high as 20,000 percent.

And KASH doesn’t put its eggs all in one basket. The company plans to diversify its crypto-mining operation, from the major coins like Bitcoin, Dash, and Ethereum to a host of smaller coins, which have the potential to bring significant returns.

That means that KASH can profit from the market, regardless of the ups and downs, and as mining difficulty increases for any particular crypto, the company plans to maximize profits by shifting its mining power to different types of crypto coins.

When KASH scales up from its humble beginnings, it has plans to be one of the biggest crypto mines in the business. And its close appreciation of regulation means it’ll be in an excellent position to work with government agencies who may start cracking down on the more undisciplined crypto firms.

With a small market cap, KASH could be set expand quickly.

#4 Quality Leadership

Hashchain Technology Inc. has a solid leadership team that will guide it through the transition in the crypto marketplace.

CEO Patrick Gray has already achieved tech success: his first start-up was sold to Xerox for $220 million. He was a recipient of Business Review’s “40 Under 40” award and he’s raised millions in start-up capital from investors.

Behind Gray, who provides the strategic vision for the company, there’s CTO Sean Ryan, co-founder of NODE40 and a blockchain expert. CCO George E. Kveton is a “lifelong dealmaker” with 20 years of experience in Fortune 500 companies. He’s signed deals in Israel, China, and Silicon Valley.

The team at KASH aren’t the millennial millionaires who caught the media’s attention when Bitcoin took off last year – these are professional tech innovators, blockchain specialists and crypto-currency insiders who are taking the crypto revolution to the next stage and are doing so in a responsible way.

#5 The Next Stage in Currency Evolution

While the price of Bitcoin may have dipped, the crypto-currency revolution has only just begun.

Investors learned that cryptocurrencies are super volatile, prone to dramatic booms and busts, and offer plenty of opportunity for fraud.

But that hasn’t stopped innovators from continuing to develop the market. Branded corporate coins are starting to take off, and blockchain technology has been introduced in real estate, banking, and shipping.

There are signs that even Wall Street is taking cryptocurrencies more seriously. The price of Bitcoin, which sank below $6,000, has now jumped back above $10,000, suggesting that interest is still very strong.

Regulation won’t kill cryptos. Instead, it will make them more reliable and more secure from fraud.

KASH is ready to take advantage of the need for order in the crypto market.

The company’s acquisition of Node40 means it’s positioning itself on the forefront of the regulatory swing in the crypto market, and the company’s mining vision truly sets it aside from the competition.

KASH is prepared for the next phase, and investors should take notice.


 Forward-Looking Information

Certain disclosure in this release, including statements regarding the performance of the Company’s current and ordered Rigs, and expectations regarding future operations may constitute forward-looking statements. These include that KASH will dramatically increase operations,  that the 5,000 Rigs will be successfully ordered and delivered, the 5,000 Rigs will perform as expected by management and the timing, installation and performance of KASH’s current and ordered Rigs will be consistent with management’s expectations; that mining capacity will increase to 8.7 MW; that KASH will utilize its committed Montana facility space and increase capacity to mine 20 MW;  that KASH will hold a diverse portfolio of cryptocurrencies through mining and otherwise; and that KASH’s software can become part of a regulatory push for regulation of cryptocurrencies.  The forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors may include, among others, the risk that the 5,000 Rigs will not be successfully ordered or delivered from the manufacturer or, if delivered, not when expected by management, and the risk that the Company’s current and ordered Rigs will not perform as expected by management or that expected capacity is not achieved; that KASH may not earn cryptocurrencies through mining and may not be able to purchase them;  risks related to changes in cryptocurrency prices, and the profitability of mining them; that cryptocurrencies will not increase in use as expected; the under-estimation of personnel and operating costs; that KASH will not receive required regulatory approvals for building new facilities, using power, or other aspects of its business; that cryptocurrency regulators don’t accept KASH’s accounting and other solutions; the availability of necessary financing; permitting of businesses that KASH intends to invest in; general global markets and economic conditions; uninsurable risks; risks associated with currency and cryptocurrency fluctuations; risks associated with competition offering better or cheaper solutions, attracting away employees or using tactics to drive out competition; risks associated with changes in the financial auditing and corporate governance standards applicable to cryptocurrencies; risks related to potential conflicts of interest; the reliance on key personnel; capitalization and liquidity risks including the risk that the financings necessary to fund continued development of KASH’s business plan may not be available on satisfactory terms, or at all; the risk of dilution through the issuance of additional common shares of KASH; the risk of litigation; the risk that KASH’s management and advisors may not contribute as much as expected to the company’s success; the risk and the risk that cyber-crime may severely damage the value of any or all of KASH’s investments. There may be many other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information.

A lot of things may happen in the Bitcoin world very soon. The controversial scaling solution known as SegWit is finally improving its market position. While this feature has been available for over a year, it is only now starting to make an impact.

An Increase in SegWit Adoption

Ever since SegWit was released on the Bitcoin network, there has been very little interest in it. More specifically, its usage has remained below or around 10% for several months. Things are finally coming to change in a positive manner. Bitcoin direly needs this scaling solution to kick in. Otherwise, users are at risk of dealing with major fees and transaction delays once again. Such issues always cause major friction among Bitcoin users, for obvious reasons.

With SegWit adoption now on the rise, things are looking good. There are multiple reasons as to why this is happening right now. Some of the key service providers have finalized their integration of this scaling solution. As such, we see a lot more native SegWit transactions on the network as a whole. With exchanges and wallet providers finally getting on board, this situation will continue to improve for some time to come.

The way things look right now, nearly 30% of all network transactions use Segregated Witness. That is a healthy increase, but it’s far from sufficient. In an ideal situation, this number needs to be at least above 65%. Whether or not that will effectively happen, remains to be seen. The new Bitcoin Core client makes it easier to send SegWit-capable transactions, which should help prop up the numbers moving forward.

Can SegWit Save Bitcoin?

Even though this positive trend is materializing, there are still some concerns over Bitcoin’s future. Even with SegWit adoption, a lot of damage to Bitcoin’s image has been done in recent months. Altcoins are cheaper to use, provide virtually the same advantages, and they have a lot of price growth potential for the future. At the same time, Bitcoin has successfully remained the world’s leading cryptocurrency despite serious market volatility.

Furthermore, one has to keep in mind SegWit is only the foundation for bigger and better things. With the Lightning Network inching closer to being finalized, micropayments will come to Bitcoin soon. When that happens, there will be dozens of new market opportunities involving the world’s leading cryptocurrency. All of this is assuming the LN will work as advertised. For now, it is still in beta testing as we speak. No one knows for sure if the Lightning Network will come to fruition this year or the next.

For the time being, we have to wait and see how the SegWit situation evolves. This current trend is extremely encouraging, but it’s only a fraction of what needs to happen. Until the majority of network transactions use this scaling solution, the lingering concerns will not go away anytime soon.

Some of the biggest companies are still on the fence about integrating SegWit as of right now. Moreover, one should not ignore Bitcoin Cash either. Despite its on-chain scaling solution, BCH seems to grow a very loyal following as well. The future looks pretty interesting for both of these currencies in many different ways.