Skrilla – Esports Daily Fantasy Platform Launching a Crypto-Token to Deliver Blockchain Benefits

Skrilla is a licensed, fully regulated, global esports wagering platform. Skrilla is a collaboration between two leading technology firms, Puntaa and the GAMURS Group. Puntaa is the founder of the world’s first licensed peer-to-peer (P2P) social betting platform, while the GAMURS Group is the leading international esports media network. Skrilla has released a skill-based Daily … Continue reading Skrilla – Esports Daily Fantasy Platform Launching a Crypto-Token to Deliver Blockchain Benefits

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Skrilla is a licensed, fully regulated, global esports wagering platform. Skrilla is a collaboration between two leading technology firms, Puntaa and the GAMURS Group. Puntaa is the founder of the world’s first licensed peer-to-peer (P2P) social betting platform, while the GAMURS Group is the leading international esports media network.

Skrilla has released a skill-based Daily Fantasy Esports platform, which is currently live in Australia and have a rollout planned for US and European users which is imminent. Get started by building your own roster of professional players, watch tournaments unfold and players accumulate points live and compete for prize pools at www.skrilla.com.

Esports Market

Skrilla is poised to ride the explosive growth forecast for esports, the spectator sport of professional video gaming, leveraging off 2.6 billion engaged gamers globally and an industry experiencing nearly 40% year on year viewership growth.

This represents a huge opportunity for dedicated esports wagering providers to facilitate the estimated $23bn in betting turnover across 19 million unique players by 2020, and to fill the gap left by existing traditional betting companies. Corporate bookmakers have failed to connect with the esports community by continuing to offer esports as a limited subset of their existing sports wagering offering, rather than a standalone brand and platform, tailored to esport’s unique community and their needs.

Skrilla Token (SKR)

Skrilla recently announced the launch of a crypto-token, the Skrilla Token (SKR), built upon the Ethereum blockchain. The token will be used as the core unit of exchange (currency) for Skrilla members to enter contests and collect winnings. This will help solve issues present in the nascent esports wagering market, including the removal of onerous fees charged by middlemen, like banks and payment providers, allowing Skrilla to pass on the savings to the community in the form of reduced rakes and increased prize pool payouts. A single cryptocurrency allows for removal of regional currencies and wagering markets, allowing global pools with participants from all around the world competing and socialising. Members can also earn tokens by undertaking incentivised actions which grow the network for the benefit of token holders, including referring friends, sharing content and entering contests.

GAMURS Group

The GAMURS Group is one of the largest esports networks globally, with 12 brands, including the leading esports news publisher on the planet, Dot Esports, with 3.5 million monthly active members and 250 million organic monthly social media impressions. GAMURS lead product distribution and marketing of Skrilla, assisting growth through highly targeted, data-driven content campaigns using their channels to drive customer acquisition.

Licensed and Regulated

Skrilla is one of a very limited number of regulated, esports focused bookmakers with a live product in the market. The platform is licensed out of Australia, a wagering market recognized as one of the largest, most mature and regulated globally. This ensures compliance with a range of customer protections and regulations, and a platform and operational team capable of global scale.

A number of unproven operators are now promoting token sales, which in many cases represent unlicensed and illegal gambling, either thinly disguised as legitimate, or blatantly promoting blockchain and tokens as a solution to circumvent regulation. This represents a large risk for backers of such sales seeing their token utility and value reverting to zero.

Skrilla have delivered an innovative, scalable, and engaging wagering platform to the market with the object of achieving their mission; to connect esports fans through competition, social and betting. The token facilitates immediate utility and benefit for the community, as well as further benefits as the platform transitions fully onto the blockchain. This will ensure Skrilla provide the gaming community with the world’s premier esports blockchain based wagering platform.

Skrilla’s token pre-sale opens October 6, 2017, at 9 pm UTC. You can register for the pre-sale at https://tokensale.skrilla.com to get a 20% discount!

Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members. NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.

Cypherium Announces Development of a Scalable, Hybrid Blockchain

Cypherium’s talented team is building a double-chained infrastructure for the future. September 21, 2017 — New York, NY — Although the development of efficient blockchains has come a long way since 2009, scalability remains to be a major issue within blockchain. While many companies are actively working on a wide variety of technical answers to … Continue reading Cypherium Announces Development of a Scalable, Hybrid Blockchain

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Cypherium’s talented team is building a double-chained infrastructure for the future.

September 21, 2017 — New York, NY — Although the development of efficient blockchains has come a long way since 2009, scalability remains to be a major issue within blockchain. While many companies are actively working on a wide variety of technical answers to the blockchain scaling question, with many focusing on off-chain or side-chain solutions, the industry has yet to establish a well-functioning system ready for mainstream use. Previous structures are burning more electricity power than all of Google’s data centers combined and can still take many hours to complete.

Lead blockchain cryptographers have banded together with experts from companies such as Google, Amazon & Microsoft to create Cypherium. Building off Emin Gun Sirer and Bryan Ford’s work on the Bitcoin-NG and ByzCoin protocols, Cypherium aims to be a market-ready solution for scalability. Cypherium is comprised of experienced technologists possessing extensive background in cryptography, decentralized networking and software architecture.

Cypherium will be leveraging a hybrid PBFT/PoW consensus mechanism to provide optimal on-chain scalability, enabling thousands of transactions per second. This novel consensus mechanism adopts the idea of decoupling key block mining from micro blocks for faster transaction processing, first pioneered in Bitcoin-NG. Cypherium also borrows from ByzCoin to elect a group of validators from recent key block miners, ultimately allowing said groups to commit transactions collectively.

Additionally, Cypherium has a light-weight sandbox environment that separates testing and production, while supporting consensus self-upgrades. By bringing governance on chain, Cypherium will avoid hard-forks and ultimately allow network participants to adaptively adjust transaction block sizes as well as other proposed protocol upgrades.

Cypherium CEO Sky Guo shares his excitement to launch, “Cypherium has shown promise to mitigate the scalability problem that permission-less blockchains are currently facing. We have all seen problems with scalability that have inconvenienced and angered many. We are happy to provide a resolution to one of blockchain’s largest criticisms.”

About Cypherium

Cypherium is a highly scalable & permission-less hybrid blockchain platform based on proof-of-work and Byzantine fault tolerance consensus. Mentored by Emin Gun Sirer of Bitcoin-NG and Bryan Ford of ByzCoin, Sky Guo conceptualized the first blockchain protocol optimized for both on-chain scalability & mineability through a hybrid PBFT/PoW consensus mechanism. The design goal of Cypherium focuses on achieving the apex of scalability, decentralization, and commercialization viability. Cypherium’s unique consensus mechanism provides unprecedented transaction throughput and contract execution time through PBFT, while leveraging an ASIC-resistant PoW system for decentralized node election. By providing fundamental building blocks for developers to create groundbreaking applications, and an intuitive interface for users to access these functionalities, Cypherium aims to provide a comprehensive foundation for the future of blockchain technology. For more information, visit www.Cypherium.io

Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members. NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.

If bitcoin dies, it’ll be from its own missteps

Bitcoin and other cryptocurrencies have been on quite a run over the last year and it has brought out all of the skeptics in full force. Much like the early to mid-90s, when you could put a dot com after anything and investors poured money in, it seems … Read Full Story

The post If bitcoin dies, it’ll be from its own missteps appeared first on ForexTV.

Bitcoin and other cryptocurrencies have been on quite a run over the last year and it has brought out all of the skeptics in full force. Much like the early to mid-90s, when you could put a dot com after anything and investors poured money in, it seems … Read Full Story

The post If bitcoin dies, it’ll be from its own missteps appeared first on ForexTV.

What Congress Needs To Understand About Bitcoin

Bitcoin lovers, rejoice! Congress is finally taking baby steps towards recognizing cryptocurrency. Lawmakers are starting with death and taxes, loosely speaking. They’re trying to figure out how to tax virtual tokens, plus how blockchain technology … Read Full Story

The post What Congress Needs To Understand About Bitcoin appeared first on ForexTV.

Bitcoin lovers, rejoice! Congress is finally taking baby steps towards recognizing cryptocurrency. Lawmakers are starting with death and taxes, loosely speaking. They’re trying to figure out how to tax virtual tokens, plus how blockchain technology … Read Full Story

The post What Congress Needs To Understand About Bitcoin appeared first on ForexTV.

Former CFTC Commissioner: Regulation Would Solve Bitcoin Volatility

Former Commodity Futures Trading Commission head Bart Chilton wrote that bitcoin’s volatility indicates artificial inflation of its price.

A former US markets regulator says he is concerned by the volatile prices seen in cryptocurrency markets – and that he believes regulation can solve the issue.

Writing for CNBC, Bart Chilton – who served as a commissioner for the Commodity Futures Trading Commission (CFTC) from 2007 to 2014 – wrote today that big fluctuations in the price are worrisome. Earlier this month, bitcoin shot above the $5,000 mark, subsequently tumbling amidst a spate of bad news developments. At press time, the price of bitcoin is trading at around $3,651, according to the CoinDesk Bitcoin Price Index (BPI).

The jumps in price, in particular, should serve as a warning to users that bitcoin’s price may being artificially inflated, Chilton argued.

He wrote in the piece:

„There’s no questions – zero – that had digital currencies been regulated, I would have sought an investigation into the precipitous price changes we’ve witnessed.“

Chilton ultimately concluded that, in his view, „money will be digitized“ and cryptocurrency will be part of that process. At the same time, he called for advocates for the tech to proactively work with regulators – before they go ahead and make their move first.

„Rather than waiting for governments to take actions that thwart the development of digital currencies, [digital enthusiasts] should lead efforts to put in place appropriate regulatory oversight for these new and innovative financial technologies,“  he wrote.

His op-ed comes more than a year after Chilton, who worked in both the Clinton and Obama administrations, called on then-President Barack Obama to launch some sort of regulatory framework to oversee cryptocurrencies.

Image via BartChilton.com

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [email protected].

GoldMint ICO: $4 Mln Raised in One Day

Commodities have been defined as products that can be bought or sold. Over the ages, these have been the store of wealth. Gold as a commodity has always been the go-to asset for most investors across the world. Some of the notable reasons why gold as a commodity is highly valued are: The asset is … Continue reading GoldMint ICO: $4 Mln Raised in One Day

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Commodities have been defined as products that can be bought or sold. Over the ages, these have been the store of wealth. Gold as a commodity has always been the go-to asset for most investors across the world. Some of the notable reasons why gold as a commodity is highly valued are:

  • The asset is scarce
  • This asset is also portable
  • This asset is used widely in the development of industrial products

Cryptocurrencies, which made an appearance in 2009, starting with Bitcoin have gained a lot of value mainly due to some of the similarities they share with gold – the yellow metal. These notable properties include scarcity, value, and portability.

One of the critical issue that has continued to bedevil gold as a physical asset is that it is quite difficult to transfer from one place to another. It has been accepted that the logistics and security involved in handling gold are also quite laborious and tasking.

GOLD Crypto Asset

GoldMint’s crypto asset is aptly named GOLD which value is pegged to the actual price of gold. The blockchain asset is backed by real physical gold and gold ETFs(Exchange Traded Funds), which ensures the conservation of value. The platform is involved in repurchasing, buying and selling these assets.

In addition to GOLD tokens, the platform also has few unique features in store. Custody Bot is one such offering that adds value to the entire ecosystem. Custody Bot is a physical device that receives, appraises, stores and deliver physical gold. The secure device creates a bridge between physical gold and financial services, allowing banks, non-credit financial institutions, and even individuals to issue or receive a credit against the gold holdings. Also, the integration of blockchain technology into the system ensures that all the assets deposited in Custody Bot are registered on a public blockchain for security, transparency, and accountability.

All transactions on the GoldMint blockchain, including the smart contracts, are governed by MNT tokens, the platform’s native cryptocurrency. MNT is a Proof of Stake cryptocurrency which is designed to ensure the holders of the token are rewarded for being part of the ecosystem. Token holders on the platform are eligible to receive a portion of the revenues generated by GoldMint through transaction fees.

Benefits of GOLD as a Crypto Asset

The GOLD crypto assets come with loads of benefits. Some of the notable advantages of the gold-backed crypto asset includes;

–    Easier conversion of gold to cryptocurrencies through GOLD tokens and vice versa
–    Makes securing loans against physical gold and GOLD crypto assets easier
–    The tokens also provide attractive returns to the holders, which is much higher than the appreciating value of physical gold.
–    The cryptocurrency, backed by actual gold reserves and ETFs that makes converting tokens to physical gold much easier.
–    Companies can use GOLD for ICOs in order to hedge their risks in declining markets by providing guaranteed return and value of their money.

GoldMint ICO

GoldMint ICO has started yesterday. The project has already raised over $4.5 million with over 800 000 tokens sold. The tokens are available for purchasing at the price of $7 per unit. The crowdsale follows the previously successful pre-sale round. During the presale, the platform raised over $600k in under 36 hours, making it a huge success. The same thing is expected to repeat during the crowdsale as people continue to look for stable digital currencies amid fluctuating markets due to increased volatility of other independent cryptocurrencies.

More information about the platform and the ICO are available on the platform’s website.

Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members. NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.

U.S. government sues over alleged bitcoin Ponzi scheme

Bitcoin is a relatively new currency, but that doesn’t mean investors are safe from old school fraud. The U.S. Commodity Futures Trading Commission said Thursday that it’s suing a New York man and his company over an alleged bitcoin Ponzi scheme. Read Full Story

The post U.S. government sues over alleged bitcoin Ponzi scheme appeared first on ForexTV.

Bitcoin is a relatively new currency, but that doesn’t mean investors are safe from old school fraud. The U.S. Commodity Futures Trading Commission said Thursday that it’s suing a New York man and his company over an alleged bitcoin Ponzi scheme. Read Full Story

The post U.S. government sues over alleged bitcoin Ponzi scheme appeared first on ForexTV.

CFTC Sues New York Man and His Fund For Operating Bitcoin Ponzi Scheme

The CFTC has asked the court to provide full restitution to defrauded pool participants.

The US Commodity Futures Trading Commission (CFTC) has charged New York-based Gelfman Blueprint, Inc. (GBI) and its principal, Nicholas Gelfman, with running a bitcoin ponzi scheme that solicited at least 600,000 USD from approximately 80 investors.

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The CFTC filed its complaint on Thursday in the U.S. District Court for the Southern District of New York, naming the CEO and Head Trader of the Bitcoin denominated hedge fund which claims to be built on a high-frequency trading algorithm.

Starting in January 2014, the defendants took the monies form investors to be supposedly placed in a pooled commodity fund that purportedly employed a high-frequency, algorithmic trading strategy, executed by defendants’ computer trading program called “Jigsaw.

To create the illusion of stability, the defendants allegedly prepared and distributed false account statements to fund participants, telling investors that they made steady gains from trading the cryptocurrency, according to the complaint.

Based on the inflated profits, the defendants paid themselves several thousands of dollars in in fees, while in fact their trading account records reveal only infrequent and unprofitable trades. In addition, Gelfman is suspected of embezzling the remaining pooled monies after he “staged a fake computer hack designed to conceal trading losses and misappropriation,” the agency claims.

If convicted, Nicholas could serve up to 20 years in prison.

The CFTC has asked the court to provide full restitution to defrauded pool participants, disgorgement of ill-gotten gains and to pay the appropriate civil monetary penalties. In addition to fiscal claims, the agency seeks permanent registration and trading bans and a permanent injunction from future violations of federal commodities laws.

James McDonald, the CFTC’s Director of Enforcement, commented: “Through its work across the Commission, and as exemplified by the work of LabCFTC, the CFTC has demonstrated its continued commitment to facilitating market-enhancing FinTech innovation. Part of that commitment includes acting aggressively and assertively to root out fraud and bad actors in these areas. As alleged, the Defendants here preyed on customers interested in virtual currency, promising them the opportunity to invest in Bitcoin when in reality they only bought into the Defendants’ Ponzi scheme. We will continue to work hard to identify and remove bad actors from these markets.”