Slovenian City Unveils Bitcoin Monument

The city of Kranj, Slovenia has unveiled a statue in the shape of a Bitcoin logo. It sits at the centre of a roundabout in the heart of the city. It was paid for by Slovenian cryptocurrency exchange, BitStamp, and technology company 3fs.

Slovenia Leads a Reluctant Europe in BTC Adoption

According to Andrej Trček’s blog, the statue has been created by artists Aleksander Frančeškin and Selman Čorović. Meanwhile, Twitter user Collin Crypto declared the artwork as the first example example of a “blockchain monument”.

It is hardly surprising that the tiny European nation have allowed such a strong visual homage to the world’s most popular cryptocurrency. Slovenia have been ahead of their neighbouring countries for several years in terms of cryptocurrency adoption.

Their domestic exchange, BitStamp, was founded way back in 2011 as a European alternative to the dominant US-based Mt. Gox which famously collapsed in 2014. In addition, Slovenia is home to 10 Bitcoin ATMs according to CoinATMradar. Whilst this is by no means the largest number of Bitcoin ATMs on the continent, it is impressive considering the population of Slovenia is only around 2.08 million.

Despite Slovenia’s embrace of Bitcoin, Europe generally lags behind the rest of the world in terms of adoption. Apart from a few small enclaves of cryptocurrency usage on the continent – Switzerland, Slovenia, and Berlin, to name a few – adoption remains low. A look at the breakdown of Bitcoin trading volume by currency shows that they are seriously behind both the US and Asia. Europe has just 4.31% of global BTC trading volume. Meanwhile, the US and Japan sit at 24.81% and 51.11% respectively. These figures come courtesy of CryptoCompare.

Hopefully developments like the Kranj Bitcoin monument will help to increase public awareness of Bitcoin in Europe. This should then lead to greater adoption as greater numbers realise that pending cryptocurrency revolution is neither a passing fad or elaborate ponzi scheme as declared by the likes of Diane Abbott, the UK Home Secretary.

Whilst far from leaders in terms of cryptocurrency adoption, Europeans are something of trendsetters in the world of Bitcoin art. Along with the Slovenian statue unveiled recently, a giant mural appeared on the side of a block of Parisian apartments in February. It depicts the death of fiat money and the rise of Bitcoin. It appears to be the work of Paris-born street artist Ludo.

Meanwhile, the European Commission remains reluctant to regulate the cryptocurrency space. This is likely due to the fact that adoption is so low across the continent. The head of the Commission’s fintech task force, Peter Kerstens, claims that it is not an urgent matter since the majority of the market is based outside of Europe. He told a conference organised by EURACTIV recently:

“We should think of what are the risks in order to know what should be regulated.”


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Crypto developers are increasingly using a novel method to market coins and encourage mass crypto adoption: “airdropping” cryptocurrencies into people’s wallets. Airdropping is done by developers of newly minted cryptocurrencies who decide to give these new coins — for free — to holders of an existing cryptocurrencies.

Just a few weeks ago holders of NEO were selected to receive another crypto coin called Ontology. Others, including the developers behind Everipedia and a smart-contract system called United Bitcoin, are also planning airdrops.

In order to implement an airdrop, the maker of a new coin can offer all of the holders of one cryptocurrency, like NEO, a chance to receive the up-and-coming token for free. The coin isn’t automatically distributed (usually), but users can opt in to participate in the airdrop.

“In certain ways people are getting free lottery tickets,” said Matthew Roszak, chairman of the blockchain advocacy group Chamber of Digital Commerce. “There will be a tsunami of airdrops this year,” he adds.

Given the volatility of many cryptocurrencies, and the fact that developers are, of course, out to make a profit, readers may by scratching their heads: what can airdropping actually bring to the table? To set the record straight, let’s have a look at some of the benefits airdrops can provide. 


According to Rosza, digital coin developers are using the airdrop method to promote new projects instead of “spending money on billboards and T-shirts.” The aforementioned Ontology airdrop said it would distribute 20 million coins — or about 10% of total tokens — to NEO holders (both coins are distributed by China-based OnChain). For every NEO coin, investors are set to receive 0.2 Ontology tokens.

“We’re seeing it through digital token sales and smaller start-ups that are trying to get traction right away,” said Shone Anstey, executive chairman, president and co-founder of Blockchain Intelligence Group. The overall trend of being able to get new digital coins for free through public blockchains “shows the great utility of the public networks,” Anstey added.

Mass Adoption

“I think we’ll see airdrops as an increasingly sophisticated approach to customer acquisition,” said Spencer Bogart, partner at San Francisco-based Blockchain Capital. “Slipping money into someone’s pocket is a powerful way to get their attention,” Bogart said, adding that the airdrop process could spur mass adoption of a new cryptocurrency better than an initial coin offering (ICO).

Although ICOs have been able to catapult many start-ups forward, they are not always successful: about half of the ICOs issued in 2017 have failed already.

“When you give something to someone for free they will pay a little more attention than if you ask them to sign up,” said Erik Voorhees, CEO of ShapeShift, a platform for trading digital tokens. “Imagine if Walmart could put some kind of asset into everyone’s bank account in the U.S.”


On the other hand, some analysts are skeptical that the airdrop trend helps boost adoption and public awareness. According to William Mougayar, blockchain investor and author of The Business Blockchain, airdrops are being misused and abused, to the point where they are starting to lose their intended effect:

“The more scammy and over-promoted ICOs will tend to send airdrops liberally without a proper user opt-in authorization,” Mougayar said. “Sadly, airdrops are the new spam mail or coupons junk mail. They are hit and miss on benefits.”

As of late, the Indian government has expressed keen interest in developing countrywide blockchain initiatives, but top officials are not too fond of cryptocurrencies themselves. Moving ahead, the country has been weighing its options, but some, like Shaktikanta Das, who heads a financial commission tasked with looking at cryptocurrencies and other financial matters, are asserting that regulation is too difficult to implement and properly enforce.

Looking Back

In early February, finance minister Arun Jaitley stated in his budget speech that the Indian government “does not recognize cryptocurrencies as legal tender or coin and will take all measures to eliminate the use of these crypto-assets in financing illegitimate activities or as part of the payments system.”

So far, only two committees in the finance ministry have actually tried to understand and recommend regulations for cryptocurrencies. The first committee, set up in April 2017 under Shaktikanta Das, who at the time was secretary of economic affairs, was dead-set against allowing cryptocurrencies in India from the start. The second panel, headed by Subhash Garg, the current secretary of economic affairs, is still weighing its options.

This seeming aversion to cryptocurrencies began several years back in 2013, when India’s central bank, the Reserve Bank of India (RBI), cautioned users against potential security threats. But these warnings, paired with the warnings from the finance ministry, have so far failed to deter many Indian investors.

Shaktikanta Das

Das is currently a member of the 15th finance commission that has been tasked with reviewing the government’s financial situation. He still maintains the belief that enforcing regulations would be a tough task:

“Let us accept that it would not be possible to regulate it effectively. Because they will do transactions from their houses. You cannot enter every home to check what transactions are going on. So, I think this is a serious challenge, and this should not be allowed at all.”

Das’ opinion matters because he has held several key positions in the finance ministry, heading the departments of revenue and economic affairs. He has also been a board member of the Securities and Exchange Board of India and the RBI, both of which are involved in drafting cryptocurrency regulations.

The big issue with cryptocurrencies, according to Das, is that they have no asset base: “[Fiat] currencies have the guarantee of the RBI, on behalf of the sovereign. That is the underlying guarantee for that. Share of a company—you have an underlying asset of the company. In cryptocurrencies, what is the asset base? It is created out of vacuum, it is created out of thin air.”

Looking Elsewhere

Some Asian countries, in particular, China, share India’s apprehensions. Japan, in contrast, passed a law in March 2017 allowing digital currency payments and declaring them assets, and since then have been making attempts at regulation. South Korean officials have also promised not to clamp-down on crypto. 

Because of these attitudes, according to Anirudh Rastogi, managing partner at New Delhi-based law firm TRA, it may not be practical for India to write off cryptocurrencies completely:

“That would work very well if the global financial community was moving that way, but since it is not, and, if you want to be an outlier in that regard, it is going to have an adverse impact on your [India’s] financial system,” Rastogi said. “If two or three of the largest economies are giving it legitimacy, one needs to take a hard look at it before you take a drastic step.”

Moreover, measures to curb cryptocurrencies could instead encourage illegitimate transactions:

“You will just drive these transactions from otherwise compliant exchanges, which keep records, and basically drive them underground, making it very difficult to keep track of transactions,” Rastogi said. “It would be very difficult to enforce a ban, and that is one of the reasons why various jurisdictions have kept away…but have rather regulated cryptocurrencies,” he added.

The main objective of the Swapy Network is to create a more efficient credit market based on the blockchain. The project proposes a solution to connect all the major participants in the financial industry to offer mutually cost-effective services, lower the barriers of entry into the sector, empower the underserved consumer and offer the merits of universal credit access.

Swapy Network seeks to solve a number of extant problems surrounding the financial market space. One major challenge is that there are numerous underserved populations across the globe, particularly in emerging economies who have limited or no access to credit facilities. Banks are hesitant to issue loans to this group in view of the high-risk potential. The few financiers that offer them credit do so at outrageous rates.

At the same time, there are significant disparities between interest rates in the developed world and developing nations. High-interest rate spreads in emerging economies make credit services costly and at times unattainable. Access to information is another challenge for players in the sector with both the quality and quantity of data accessible varying from one country to another. New entrants in the space have a difficult time accessing such information in spite of it being crucial to their success and this has proven to be debilitating.

The Swapy Network proposes to solve all of the above problems using a protocol that comprises of three main applications:

The Swapy Exchange

This application connects international investors and credit service providers around the world in order to create a more efficient money market model. Investors operating in countries where interest rates are low are thus able to work with credit companies in places where interest rates are high, ensuring higher returns for the former and lower capital costs for the latter.

Getting access to credit at lower rates, in turn, means that financiers can afford to transfer the benefits to their customers by lending at lower rates.

Swapy Financial ID

This is a digital identification framework that will hold international validity. This ID simplifies the application process for credit clients since they only have to go through Anti Money Laundering (AML) and Know Your Customer (KYC) processes only once for unlimited access to credit services globally.

Every creditor will have access to their own credit history and can thus access credit facilities with greater ease no matter their location. This will facilitate low-cost credit provisions because access to such pertinent information means lower risks for financiers.

Swapy Data Market

In the current model, institutions are collecting tons of individual data without consent and thus gaining an unfair competitive edge over new entrants. This information asymmetry favors large corporations which, in turn, charge high premiums for credit companies wishing to gain access to the data. These costs are passed on to the consumer and contribute to high-interest rates. The Swapy Data Market eliminates this imbalance and makes data available to all players without discrimination.

On the other hand, data owners are able to commercialize their information by charging an agreed upon the number of tokens for consultation. To ensure data veracity, the application will incorporate reliable data validators.

These three pillars of the Swapy Network create a circular ecosystem for new entrants and established ones alike. All players in the network get incentives for adding value to the concept and working towards its success.

The Inspiration behind the Project

The platform’s CEO, Edmilson Rodrigues from Brazil, left his job at Google in a bid to pursue an MBA in the United States. Unfortunately, due to the constraints surrounding credit access in Brazil, he was unable to achieve this. But instead, he got the opportunity to enroll into Draper University, a Silicon Valley initiative by Venture Capitalist Tim Draper and following this, he got an investment to make his dream of equitable credit access a reality.

Apart from having the legendary Tim Draper as an investor, the project also has the support of Don Tapscott, Lanzame Capital and SU Ventures among other notable names.

Token Sale Details

Swapy Network has scheduled a token sale to raise $30 million worth of Ether for financing its app and protocol development, a five-year project. The pre-sale will take place between 19th March and 19th April 2018 followed by a crowdsale from 26th April to 26th May 2018. The pre-sale and the crowdsale hard cap will each be $15 million USD.

More information on the project and its upcoming ICO is available on the Swapy Network official website.


There is a lot of excitement in the world of cryptocurrencies today. So many projects are available on the market right now, all of which generate a varying degree of attention. In the case of EOS, the opinions are somewhat divided. More specifically, some people – including John Oliver – are not too sure where the value of this project comes from exactly.

The Story of EOS so Far

Even though there is a lot of potential where EOS is concerned, most of the work is unfinished. As of right now, the project is still in the early stages of development. Despite that drawback, the project’s valuation has skyrocketed. At the time of writing, the EOS project is valued at over $4.4 billion. A steep amount for a project that has no working product at his point in time.

HBO’s John Oliver recently talked about this project during his Last Week Tonight show. The company has attracted his attention due to their skyrocketing valuation. The parent company has been referred to as a software company not selling any software. That alone should make more people cautious first and foremost, but so far, it has the opposite effect.

Additionally, the EOS token has been described as a digital token having no purpose. All of this should more than warrant a very low price for EOS in the current stage of development. Yet for some reason, its price is only rising even though the project developers still have a ton of work to do in the coming months and years.

What Comes Next for EOS?

The ambition associated with EOS should not be taken lightly. This team of developers wants to address a lot of current problems in the world of decentralized applications. Building a new powerful platform from scratch will not be easy whatsoever. So far, there is a lack of decentralized applications on the EOS protocol to revolutionize many industries. At the same time, building such a platform will not be done overnight by any means.

Justifying the project’s value can be done in many different ways.  Having powerful partners on board helps legitimize the project as a whole. The expectations for EOS are sky high, but delivering on that promise will be another thing altogether. With two initial versions of this platform released already, investors are in good spirits. 

It will be quite interesting to see how the EOS project unfolds. A lot more questions can be raised when looking closely at how things are evolving. That doesn’t mean this is not a legitimate venture, mind you. They raised $1.5bn during their ICO several months ago. That valuation has now tripled without much working code. Whether or not hat is the “new normal” we should all adhere to, is subject to interpretation.

The sharp fall of Bitcoin a month before the global stock market decline in February got traders’ attention. Is Bitcoin a barometer for the Stock Market?

The Correlation Between Bitcoin and Stocks

A number of investors have observed tandem moves between the cryptocurrency market and stocks, with the latter following the market sentiment of bitcoin and ‘associates’.

Doug Ramsey, Chief Investment Officer at Leuthold Group, a Minneapolis-based money manager, commented: “We’ve begun to watch bitcoin more closely as a sign of speculative enthusiasm. The top in bitcoin in December and stocks in January marked a peak in investor optimism.”

“We do view bitcoin as a sentiment indicator”, said Tom Forester, Chief Investment Officer at Forester Capital Management.

The catastrophic Crypto market dive in January was then followed by the first 10% decline in the S&P 500 in two years. If bitcoin is truly barometer, one would expect to see tandem moves again. A future pullback in stocks could be predicted once bitcoin falls first, and harder as usual.

While potentially correlated in market fluctuation, equities fell on fears of global protectionism led by US President Trump’s decision to slap tariffs on steel and aluminum. Bitcoin, on the other hand, dropped on the rising scrutiny from regulators and on the Mt Gox’s liquidation.

Investor sentiment, however, is what makes Bitcoin a potential barometer for the stock market. According to DataTrek Research, the correlation between the cryptocurrency and the S&P 500, during the stock market sell-off, jumped to its records-highs going back to the beginning of 2016. The research house found other shorter-term correlations as well.

This may be due to bitcoin’s nature as a highly volatile asset, which is the first to suffer from risk aversion whenever investor sentiment darkens. It’s part of being viewed as a risk asset by most market participants. Throughout history before bitcoin, other speculative investments would fall first in a market dive.

Analysts at the New York-based bank Morgan Stanley observed that the S&P 500’s forward price-to-earnings ratio topped out on the same day that the bitcoin price peaked. This “peak excitement” in the market was prompted by the US Congress passing a sweeping tax code overhaul in December 2017.

The idea of bitcoin as a barometer is not consensual and finds skepticism among a few experts: “I think that’s absurd. Ultimately, stock returns are grounded in the economy, corporate earnings, interest rates and inflation”, said Jason Ware, Chief Investment Officer at Albion Financial Group.

Nicholas Colas, co-founder of DataTrek, says the link is mostly found when the assets are falling. The Wall Street Journal’s Market Data Group found that the high correlation is only temporary, with markets trading in the same direction just over half of weekday trading sessions since the end of October.

Problem Statement No.1 – Nowadays, online video platforms have become an important tool for education and entertainment. You name it — YouTube, Twitch, D-Tube, etc., all of them provide some sort of video online services and some of them are equipped with the function of online live video streaming that allows the audiences to experience the programs in real time.

However, with large competition, bringing in traffic to your channel is a huge problem. For example, let’s say you want to set up a fitness video channel on YouTube, in which you will publish some videos related to exercise and diet advice three times a week. Shortly you will find out that it is difficult to bring in traffic if you have only a handful of active followers. In order to promote your channel, you would have to use various other internet services including social media, search engine optimization services, affiliate programs, and a good financial strategy. On classical video platform, greater traffic is always the only mean to provide meaningful income.

Problem Statement No.2 – Back in the day, if you were having problems, had some sort of dilemma or facing some difficulties in decision making, you went straight ahead to appropriate active forum and create a subject on the matter you wanted to discuss with other members. Some of the suggested solutions were helpful, some of them simply not working and some were just plain rude comments not related to the topic you wanted to discuss.

The idea to solve such problem is, to create an environment and tools that can be used to acquire specific service based on an individual need. For example, if someone wants to get a diet advice, instead of watching countless numbers of useless videos, one can refer to a specialist or an expert in that field that can cater to his specific needs. That’s where a face to face video chat session shines. However, there is no website which would compile all of the potential services that we need into a single complementary environment. One that would ensure choice based on specific needs and create competitive space for service providers.

Based on both of the problem statements mentioned, there are two major obstacles that are faced by either the consumer or a video content creator. Traffic and an appropriate platform to cater all needed services. Both those obstacles can be overcome by using the new blockchain based service called On.Live. For both the consumer and the content creator, On.Live provides two major services which are live broadcasting and live consultation. These services contained within one easy to use webpage will utilize a customized token system known as ONL which provides a means to balance broadcaster-client fee transfer allowing absolute anonymity of every such operation.

Live consultation services

Let say you are a PC expert and you want to provide an advice or an opinion on a PC related matters. You can sign up to On.Live and create a specific channel using few tags describing your service, and quickly become an easily accessible consultant in virtual space. Then you can set your own fees for your service or decide them each time with your specific client. This functionality is supported by a smart contract which ensures transfer of funds only when both sides are satisfied with service.

For example:

  • Your service fee is 5 ONL for 30-minute live consultation.
  • A potential customer contacts you through a messaging system, asking for a 15-minute live consultation.
  • As this plan doesn’t exist in your original package, both of you agree to the consultation fee of 3 ONL.
  • You set up a customized plan for your customer and then the video session begins.

The concept is simple but valuable. If the video consultation was helpful or customers were able to solve whatever problem that they were facing, the payment which was held with smart contract is finally transferred to the service provider. If the client is somehow unsatisfied with advice, his payment will be refunded. This principle of platform operation will greatly simplify the process of meeting a lawyer, personal trainer, doctor or even an accountant for business purposes.

On.Live user can always set up a free consultation service, some sort of discount, free trial or anything that you would deem necessary to attract new customers. It will be completely up to his choice. The platform also has an appointment system built in that can be applied to the services that user want to provide. For example, you’ve decided to work for 3 hours online 6 days a week, you can use the online calendar on the website, set up the appropriate timing for your service and publish it. This will allow a potential customer to make an appointment earlier.

Live Broadcasting Services

You are probably familiar with Twitch, which is one of the most popular broadcasting sites. All you can do on Twitch, you can also perform with On.Live. The difference is high customizability of the latter.

In On.Live you can either:

  • Provide a free broadcasting services
  • Provide a paid broadcasting services
  • Provide a partial-free broadcasting services

The broadcast fee is decided by you. You can put your transmission as free, 1 ONL per broadcast service, or for example free for the first 5 minutes. Your potential viewers? It could be limitless. Anyone who types in some keywords which are used to describe your service would have quick access to your channel. For mass events broadcasts, just imagine, a live boxing match that otherwise would cost you a lot of money as a PPV subscription either online or on cable TV, in On.Live platform, just by share effect of scale, could be as low as 1 ONL. This would revolutionize the online streaming and allow all of the members of platform community to be the potential audience. Just imagine how much would a streamer earn on On.Live if their own 5 ONL broadcast service is subscribed by 1000 people. That would be a huge potential income based on the market value.

There are several kinds of broadcasts that will clearly benefit from distribution through On.Live platform:

  • Any racing events
  • Any sport events
  • Lectures
  • Conferences
  • Seminars
  • Online classes

These exemplary options would provide a variety of choices for a consumer. On.Live is currently under intense development. You can see current implementation in action in the promotional video.

On.Live is a community project and is already present on various world markets including Brazil, China, Japan, UK, Russia, Spain, South Korea and the United States.

If you like to learn more about the service, you can follow one of the links below:


Market sentiment plays a huge part in the crypto industry. Prices can pump or slump on the whim of a shill, or a flurry of mainstream media FUD. This is especially relevant for altcoins, many of which did exactly that leading up to the big spending spree of late December. In order to help investors find an edge in the high octane world of crypto trading Thompson Reuters announced today that it will track and analyze chatter about Bitcoin on hundreds of news and social media websites.

Psyching the Markets

According to a report today the company will be using data from behavioral economics research firm MarketPsych Data LLC. This will be employed to create a new version of its MarketPsych indices to paint a clearer picture of market sentiment.

The company will scan over 400 websites relating to cryptocurrencies to capture market-moving moods and themes according to Reuters. The method has proved successful with traders for traditional asset classes such as forex or commodities. A burgeoning online industry covering crypto news has emerged over the past year as interest in Bitcoin and altcoins has skyrocketed along with their prices.

Much of it is on social media such as Twitter and Reddit and a number of analysts have linked this activity, along with the number of Google searches for Bitcoin or an altcoin, with its price action. According to Austin Burkett, Global Head of Quant and Feeds, at Thomson Reuters;

“News and social media are driving the investment and risk management process more than ever with the continuing rise of passive and quant-driven trading,”

Bank and hedge fund traders currently use tools such as Thompson Reuters’ Eikon platform which tracks the prices of a number of cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. Captivating the mood swings of volatile crypto markets will be another essential service and tool the company can offer to its clients.

Bitcoin has recovered slightly from the weekend’s low of $8,500 to trade up 12% at just under $10,000 at the time of writing. It is also up the same percentage from this time last month and is looking at solid gains over the coming months.

Meet Sydney Ifergan– CryptoCurrency & ICO Expertand Digital Marketing Advisor to ZeroEdge Bet

 Successful marketing is a crucial component of the ZeroEdge betting concept, as we want to reach as many would be online gamblers, sports betting enthusiasts and general all-round gamblers as possible. Not only is the marketing and distribution of core information vital, being able to work with experts in a variety of fields which the Zero Edge concept relies on is just as crucial. This is why we love having experts and dynamic personalities like Sydney on board for our exciting journey.

Sydney has over a decade’s worth of frontline experience in search engine optimization (SEO), as well as digital online marketing and web analytics under his belt. Sydney thrives within a team environment and loves stepping up to the plate when the going gets tough. We truly believe that Sydney has a lot to offer to ZeroEdge, not just in marketing our unique concept to the world, but also adding his considerable weight and expertise in our core areas of cryptocurrency and ICO.

ZeroEdge.Bet – Revolutionary online gambling platform with 0% house edge games

ZeroEdge is a unique concept set to revolutionize the way you gamble online. Currently, all online casino games come with a house edge, i.e. the advantage that the casino has over you, which varies between 1% to 10% or more, depending on the game. ZeroEdge’s solution – offer games with 0% house edge and give players a completely fair chance of winning. In other words, playing at ZeroEdge.Bet is literally free, you don’t have to pay anything to the casino like it’s with traditional online casino sites.

The most amazing part is that Zerocoin value increases as more people join the world first 0% edge gambling platform. It is all achieved by creating a closed-loop economy in which high demand for 0% games drives Zerocoin’s value up. This model is also known as Metcalfe’s law which was originally invented in 1993 and can be seen in the actual Bitcoin’s price growth. Zero Edge offers a unique gambling model which potentially could revolutionize the $70 Billion gambling industry. Players won’t be losing money but instead earning from the increasing Zerocoin value.

We have made a survey & asked hundreds of people about their gambling preferences &experiencies.  The main finding was that 99 % of them stated that they would choose 0% house edge games to play if such games were available. High demand for the world’s first 0% house edge games will increase the Zerocoin value exponentially. An important task for us will be to educate the players and raise their attention to this beneficial concept.

Zerocoins (ZERO) will be available to investors during an upcoming ICO. Visit to find out more.