ICO portfolio is down by 66% in the first half of 2018, according to EY study

ICO portfolio is down by 66% in the first half of 2018, according to EY study

– 86% of tracked ICOs are below listing price; 30% lost substantially all their value

– ICOs claim to have raised US$15b in first half of 2018

– Top 10 ICOs listed in 2017 account for essentially all of the gains since issuance, with a majority in blockchain infrastructure

 In the first half of 2018, 86% of the leading initial coin offerings (ICOs)

that listed on a cryptocurrency exchange in 2017 are below their initial listing price and a portfolio of these ICOs is down by 66% since the peak of the market at the beginning of this year, according to a study from EY, Initial Coin Offerings: The Class of 2017 – one year later, that examined the ICOs' progress and investment returns. The study finds 30% have lost substantially all their value. There were gains among The Class of 2017 since their ICO, with most gains (99%) concentrated in the top 10 ICO tokens, the majority of which are in the blockchain infrastructure category.

The latest study follows an initial analysis in December 2017, when EY analyzed top ICOs representing 87% of the ICO funding last year. It found that a lack of fundamental valuation and due diligence by potential investors was leading to extreme volatility in ICO performance, which is still an ongoing issue. The study announced today found that ICOs claimed to have raised more than US$15b in 2018, compared with US$4.1b1 in 2017. However, EY found that only 29% (25) of the 2017 ICO projects that EY assessed have progressed to prototypes or working products – an increase of just 13% from December 2017. The remaining 71% have no offering in the market.  

Paul Brody, EY Global Innovation Leader, Blockchain, says:

"Despite the past year's hype around ICOs, there appears to be a significant lack of understanding around the risks and rewards of these investments. In addition, there is a disparity between those who invest in ICOs and the ICO project developers regarding the anticipated timelines of ROI. While ICOs are an entirely new way to raise capital, those participating should understand that there are factors – such as the slow progression toward working product offerings – that can introduce greater risk in ICO investing."

Utility tokens diminish in value

The study also examined the 25 companies with working products. Of those 25, seven were accepting payment in fiat currency as well as ICO tokens for their product offerings. As a result, customers can make purchases directly without buying the tokens issued in the ICO process, therefore bypassing the community of token holders and diminishing the value of the ICO tokens. In at least one case, an ICO company has abandoned ICO investors by no longer accepting their tokens (de-tokenizing).

Yuri Gedgafov, EY Tech Media and Telecom Center Leader, Central, Eastern and Southeastern Europe & Central Asia, says: "So far, utility tokens aren't creating the engaged communities anticipated to coalesce around innovative ideas. In fact, many of the most successful ICOs are mired in litigation or conflict over broken promises and unexpected changes in business strategy with little to no rights for the ICO investor."

Ethereum platform remains dominant

Ethereum is the dominant platform and shows the highest activity among developers and on social media. While new platforms arise on a regular basis, there is no sign that the new ICO infrastructure projects have had any success in reducing the dominance of Ethereum as the industry's main platform. Brody says: "It's clear that due diligence and awareness of risk are more important than ever. The number of ICOs showing gains since listing on one of the leading crypto exchanges is so limited that it would have required exceptional good fortune or a visionary portfolio strategy to have made any gains investing in the 2017 ICOs. At the moment, the level of reward in this market doesn't look like it justifies the risks involved."

Note to Editors:

About the survey

The survey collected data on global projects that have conducted ICOs and performed a detailed analysis of the top 141 projects, which collected 87% of all ICO proceeds, following up on their performance between January 2018 and September 2018. The ICO market is unregulated; there is no single source of ICO data, reporting standards or generally accepted methodology. The findings are preliminary and based on public sources, and EY cannot always match the information given by these sources with the transactional data available on the public blockchain. We based our study on project websites, the most popular crypto exchanges, ICO trackers, data aggregators and interviews. The figures on ICO funding volumes (total and per project) are derived from open sources as of September 2018. The EY analysis is of 141 ICOs from 2017. We did not audit or confirm the data and it is subject to change.

Article Produced By
News from EY

A wide array of domestic and global news stories; news topics include politics/government, business, technology, religion, sports/entertainment, science/nature, and health/lifestyle. Articles that appear in this section may be written in English or other languages

https://www.prnewswire.com/news-releases/ico-portfolio-is-down-by-66-in-the-first-half-of-2018-according-to-ey-study-300734346.html

Tips for holding a successful cryptocurrency airdrop campaign from a user perspective

Tips for holding a successful cryptocurrency airdrop campaign from a user perspective

I was reading an article from Payments Journal about

“Six Tips to Make Your Airdrop a Success” and thought I would write my little piece on the subject, from a user’s perspective.

Clarification #1: I’ve never run an ICO or airdrop campaign, so I have little understanding of technical aspect such as delivery of tokens, etc.

Clarification #2: Since starting my journey into my airdrop challenge I’ve signed up for around 15 airdrops, not to mention the ones that were scams and I could not complete for whatever reason.

What’s the point of this article:
Hopefully a company that is trying to run an airdrop reads this and improves their systems. Here are my tips from experience. Keep in mind that I can be wrong, and what I’m writing is purely my own opinion.

Switch from technical to simple

It’s easy to get caught up in the technical side of things when it comes to an airdrop. After all, the ICO and cryptocurrency realm is highly technical. The only problem with this notion is, that most people that sign up for airdrops probably learned about it from a friend, a forum post or some kind of website like mine.

These people can be complete crypto noobs and might have just recently bought their first piece of Bitcoin. They can understand basic instructions, but anything too technical and you are setting yourself up for a support nightmare. Even confusing instructions, weird website setups or strange forms is not a good idea. Make your airdrop user-friendly. It’s that simple.

Be clear on the following:

  • Exactly what a user needs to do to earn/receive airdrop tokens.
  • When will a user receive their tokens?
  • How much is each token worth or will it be on launch day?
  • What is your total airdrop token value?
  • When will you receive your tokens?

Confirm that your airdrop is not a scam

I hate signing up for an airdrop only to realize that it’s probably a complete scam and that I will never see those tokens in my wallet. Not only did I just waste time, but I probably just gave away my email address or entered personal details into a form that I rather would not have done, especially now that I know it’s a scam. There should be two parts to this:

Airdrop hosting

Host your airdrop on your main website! This is so simple, yet I can’t understand why so many ICO’s and blockchain projects try to collect user data via a Google form. It’s a complete joke. If your project is worth anything you should have a developer or designer that can create a page for your airdrop that can collect a form, have a user dashboard, etc. Lately, if an airdrop is not on a project’s website, I just don’t even bother filling out the form – OR READING ABOUT THE ICO. Isn’t that what it’s all about, to gain exposure?

Make sure information about the airdrop is shared across all your social media accounts. You can also go the extra mile and create a blog post on your company blog, Medium.com, and Steemit. Also, register as a company representative or the company yourself so that it looks legit. Please stop using some Bitcoin forum as your main portal for airdrop announcements. Sure, you can use it get people to promote it and announce bounties, but it has to be on your official website or point to it.

Scam prevention

Choose an employee or higher a virtual assistant to scour the web on a regular basis for people hosting a fake airdrop for your coin. There are just so many airdrop groups on Facebook, subReddits, etc. they would have to join to find out. You could even set up Google Alerts. Once a scam airdrop for your token or ICO is discovered, do whatever you can to close it down by reporting them to the platform they are on. Also, notify your subscribers to warn them of the scam.

Utilize as many social media platforms possible

If you care about gaining exposure for your ICO or blockchain project allow users to get the word out on multiple social media platforms and award them accordingly. This should include Facebook, Twitter, Medium, Reddit, Facebook groups (multiple share options), Steemit, YouTube – just to mention a few. Also don’t be skimpy with your reward system. The more you give, the more you get which takes me to my next point.

Reward users fairly

I’m okay with signing up for an airdrop that gives me $5 worth of tokens, but anything lower than that it starts to lose my interest. Also, if the airdrop is that low ($5), let’s face it $5 isn’t much, then please don’t expect the user to like and follow all 10 of your social accounts to get it.

And don’t let me get started on rewarding users $1-$2 per referral. Sure it might sound easy drive referrals to an airdrop page, but it isn’t always as simple as it sounds. Reward them accordingly. At least make an airdrop reward around $5. This way you will probably generate much more exposure and motive affiliates. Don’t be skimpy. I would much rather sign up AND READ ABOUT AN ICO when the airdrop gives you a good amount of tokens $10+.

Use technology to your advantage

This part admittedly I lack in experience and knowledge, but really if you have a team of expert developers working for you, surely you can figure it out. Use technology to track user signups, create a dashboard for easier tracking and confirmation of tasks completed for additional tokens, make it easy for users to see their token balance, etc.

The dashboard in my honest opinion is a great option. I love being able to log into my account and check my latest referral and airdrop statistics. Why can’t every airdrop campaign have this? You can even have a page on your website that details the number of airdrop tokens distributed and enable checking of wallet addresses etc to see how many tokens they will receive. EOSdac did something similar.

Check that everything works before launching

Why would you start an airdrop campaign only to have to tell users “we’re busy fixing the bugs, please be patient.” This is entirely unprofessional and just means you did not prepare correctly or test the airdrop. The simple solution is to test that everything is working before you launch the campaign.

Article Produced By
Crypto Coin Authority

http://www.thecryptocoinauthority.com/successful-airdrop-campaign-tips/

Journalism Blockchain Startup Civil Cancels ICO, Refunds Investors

Journalism Blockchain Startup Civil Cancels ICO, Refunds Investors

Crypto and blockchains startups, even those that hold great promise,

have sadly received the full brunt of 2018’s dismal market conditions, resulting in a widespread loss of clients and investment interest. For example, freshly-printed studies have revealed that Coinbase, widely regarded as this industry’s golden child, saw 80% of its U.S.-based customer base dissipate, resulting in a similar decrease in volumes. But most recently, on Tuesday, Civil, a promising blockchain-centric journalism startup, revealed that it had suffered a great setback.

Blockchain Startup Suffers Setback Amid Bear Market

While the conditions of 2018’s crypto winter are something that investors have grown accustomed to, Civil, an upstart blockchain startup, recently revealed that it had to formally cancel its initial coin offering (ICO) due to a lack of interest. For those who missed the memo, Civil’s raison d’être, if you will, is to revolutionize how digital journalism is managed from the ground-up. When it was founded in 2017, the company’s top brass envisioned a “new economy for journalism,” with many of the firm’s co-founders visualizing a series of platforms that brought change to this age-old industry.

However, ambitions don’t come without a cost. And in the case of Civil, that cost was one of a monetary variety. So while the firm initially saw a $5 million seed investment comes its way from ConsenSys, the Google of the blockchain world, Civil still craved capital. More specifically, the startup remained hell-bent on its plans to raise a minimum $8 million via an ICO of its CVL Ethereum-based tokens. But now, after the company’s one-month-long, long-awaited Civil Token ICO has finally elapsed, it is apparent that the startup overstated demand for its ICO, missing its soft cap by $6.5 million dollars. As reported by TechCrunch, although the firm’s head was in the clouds, in the end, only 1,012 investors purchased $1,435,491 worth of CVL tokens.

Seeing that it missed its soft cap by millions, Civil has sadly announced that it will be providing compensation to all participants of its ICO, with refund transactions being slated to be sent by October 29th. In a testament to the resilience of crypto innovators, who will stop at nothing to achieve the improbable, Civil has since revealed that it isn’t ready to shutter its blinds and close its doors. In fact, in a status update, Matthew Iles, the founder and CEO of the startup, alluded to the fact that his firm had learned from its mistakes, immediately divulging plans for a “much simpler token sale.”

Attempting to turn the unfortunate situation on its head, Iles adding that “Civil isn’t going anywhere [and is] here to say” due to a $3.5 million investment from ConsenSys, who seems to be a big believer in the startup. Eventually, following its second token sale, along with the use of its now-stocked up war chest, Civil intends to release a blockchain-publishing WordPress plugin, a “community governance application,” and a developer tool for utilizing data gathered by the firm’s operations.

The Brooklyn-based firm also inked a strategic deal with the world-renowned Associated Press, as reported by NewsBTC on a previous occasion, who will use Civil’s products to better its business in multiple capacities. Along with the Associated Press, Forbes also recently joined hands with Civil, which will see the major media outlet run the startup’s blockchain applications through the works. So while a failed funding round may have spelled the end of any other crypto project, Civil’s drive for innovation likely only rose exponentially after its ICO went kaput.

Article Produced By
Nick Chong

https://www.newsbtc.com/2018/10/17/journalism-blockchain-startup-civil-cancels-ico-refunds-investors/

GG World Announces Reverse ICO as It Prepares to Offer Regulated Blockchain Lotteries

GG World Announces Reverse ICO as It Prepares to Offer Regulated Blockchain Lotteries

 

GG World’s ICO has been announced

to start from November 2, 2018, and the investors are keen to discover the benefits of this revolutionary idea, offering completely transparent, online and government-regulated national lotteries to players and interested investors, globally. Identifying a pressing need for disruption in a market which is incredibly popular, yet notably old-fashioned, GG World Lottery has come up with a solution that can bring the industry up-to-speed by implementing blockchain and other state-of-the-art technologies.

With a team of seasoned veterans and innovative approach, the GG World Lottery project stands out from the rest of the projects. Unlike other projects in the crypto-sector, the company has taken a reverse ICO approach to raise funds and build a strong community of interested investors, players, and even governments. The GGC token, to be issued as a part of the token sale also brings special benefits to the participants as token holders.

Why Is GG World ICO Interesting for the Investors?

The upcoming GG World Lottery ICO will undoubtedly become one of the best options to invest in 2018: an extraordinary professional team with a substantial industry background, unique offering with lucrative gains for investors and token holders, an ability to get the lifetime revenue share. By taking part in the GG World reverse ICO, investors will become eligible to receive a reverse share – USP of the platform’s special business model. The model includes the distribution of dividends based on jackpot prize wins. Overall, the platform intends to create a win-win situation for everyone including investors and lottery operators (government or private).

The GG World Lottery platform protects both players and users by employing blockchain nodes. It provides additional transparency by ensuring fairness of draws through the integration of TRNG technology based on Quantis True Random Number Generator. Also, it will utilize the advantages offered by DLT to share profits with eligible community members and respective jurisdictions as per their existing regulatory and legal frameworks. In addition, the platform also allocates a significant percentage of the profits, to be channeled to verified charitable organizations

The Rise of the Online Gambling Industry

For starters, GG World Lottery platform will take care of the issues that come with regulations while improving transparency levels by offering the lottery on Ethereum smart contracts. The platform will run on mobile devices, for added convenience and easy accessibility to the players, which will in turn appeal to more players and give them a chance to participate in world-class lottery programs.

With a model built around security, transparency, ease-of-use, and accessibility, GG World Lottery hopes to tap into unexplored markets such as the African, Asian, and South American continents. Thanks to GG World Lottery blockchain platform, the gambling industry is also set to receive a facelift as it will get rid of outdated lottery hardware such as communication routers, ticket dispensers, monitors, scanners, tickets, and terminals. In addition to removing retailers and other intermediaries from the equation, the platform will provide numerous advantages to the players by enabling them to play right at their homes while eliminating fraudsters from the lottery ecosystem.

What Makes the Project Special?

  • It’s a Reverse ICO – Not a Startup with Merely an Idea

GG World Lottery knows better than to step into a vastly competitive market of the kind empty-handed. The project is responsible for developing one of the most unique products in this category – comprehensive white-label lottery software which offers a ticket-purchase courier service for the most well-known lotteries throughout the world. This allows it to open multiple lottery ticket-selling websites on behalf of its partners.

  • Backed by Professionals

The project’s team consists of industry experts with decades of experience in the field of national lotteries. GG World Lottery’s CEO, Mark Hutchinson is a start-up expert with a background in some of the early lotteries in the US, including Wisconsin, Kansas, and Colorado. Furthermore, Mark is one of the founding members of Lotto America, which grew to become the biggest lottery in the world – the Powerball.

  • A Lot to Come in Future

The company isn’t just starting the GG World Lottery. Apart from this, they are creating numerous African, South American and Asian lotteries. It has signed agreements with official regulators in a range of specified countries to be an official channel partner or to run national lotteries. They will be entirely online, government-backed and regulated, and mobile friendly.

  • Enhanced Transparency

GG World Lottery has introduced its True Random number Generator (TRNG). The project has come up with a unique system which will deliver entirely true random numbers which is based on the natural randomness in the world.

About the ICO

The ICO is starting on November 2nd and will run till January 31st, 2019. GG World Lottery’s ICO participants, token holders will also receive a quarterly-paid revenue share based on each GG World Lottery Jackpot prize win. The company has already signed NDAs with multiple regulatory bodies throughout the world that would increase the value of the GGC token.

Article Produced By
GG World

https://www.newsbtc.com/2018/10/14/gg-world-announces-reverse-ico-prepares-to-offer-regulated-blockchain-lotteries/

South Korean Government to Decide on Cryptocurrency ICO Legalization in November

South Korean Government to Decide on Cryptocurrency ICO Legalization in November

A South Korean official has said

that the government is likely to announce its official stance on cryptocurrency ICOs in November. This statement was made during a National Assembly audit on Wednesday.

ICO Legalization: To be or Not to Be

According to The investor, Hong Nam-Ki, the chief of the Office for Government Policy Coordination, responding to a question raised on the government’s stance on

ICOs said:

We have had several discussions (on ICOs). Once the survey results are in by end-October, we plan to finalize the government’s stance.

In September the FSS commenced a study among some companies that are conducting or in the process of issuing an ICO in the country despite the ban. Various reports out of South Korea show a divide in government opinion in regards to Initial Coin Offerings. Also speaking at the National Assembly audit meeting, Choi Jong-Ku, chairman of the Financial Services Commission (FSC) reiterated the initial ban on ICOs. The chairman stressed the Commission’s stance to continue with the sweeping prohibition on cryptocurrency fundraising activities and

exchanges.

Although many people call for the government to allow initial coin offerings, there are still uncertainties related to such a move as well as the possibility of serious fallouts.

Meanwhile, Min Seong-woo, a member of the National Assembly is asking for the legalization of ICOs. The lawmaker while clamoring for ICO legalization also called for robust regulations to prevent speculation, money laundering, and fraud.

Current Cryptocurrency Regulatory Paradigm in South Korea

There is currently a ban on Initial Coin Offerings and anonymous crypto trading in South Korea. Despite the ban, the country is yet to release official regulations concerning cryptocurrency exchanges and trading. Throughout 2018, various reports have surfaced regarding drafted policies aimed at regulating the crypto space.

Earlier in the year, EWN reported on plans by the country’s legislative arm to ease crypto trading. In July, local media said that the FSC and FSS were working to create a favorable regulatory framework for the crypto exchange operators.

The Director of the KFIU (Korea Financial Intelligence Unit) has proposed stricter regulations for crypto exchanges, suggesting regulating exchanges similarly to commercial banks. In a country with zero tolerance for money laundering, legalizing ICOs which are currently viewed as a possible tool for money laundering and fraud, might take a while.

Article Produced By
Osato Avan-Nomayo

For quite by chance, I discovered Bitcoin in 2010 and I have been an ardent enthusiast ever since. I enjoy cryptography, mathematics, and theoretical physics. If I am not writing about cryptocurrency, I am attempting to beat my scrabble high score.

https://ethereumworldnews.com/south-korean-government-to-decide-on-cryptocurrency-ico-legalization-in-november/

AirDrop: The Ultimate Guide

AirDrop: The Ultimate Guide

AirDrop lets you quickly and easily transfer files between iPhones, iPads, and Macs.

It uses Bluetooth LE to broadcast, discover, and negotiate connections, and point-to-point Wi-Fi to transfer data. That makes it fast, power-efficient, and secure! When you're using AirDrop between iPhones and iPads, you can AirDrop photos, videos, contacts, Passbook passes, Voice Memos, Map locations, and any and everything else that appears on a Share sheet.

How to turn on AirDrop for iPhone or iPad

AirDrop lets you choose between enabling it for just your contacts or for everyone. "Contacts" requires more work, as you and the person you want to AirDrop with both have to be logged into iCloud and be in each other's Contacts. "Everyone" is easier but means random people you don't know can send you prank AirDrops.

Tap Contacts Only or Everyone to turn AirDrop on.

  1. Launch Control Center by swiping up from the bottom bezel of your iPhone or iPad.
  2. Make sure both Bluetooth and Wi-Fi are active. If they're not, just tap on them. (You don't have to be on a Wi-Fi network, you just need Wi-Fi on to transfer).
  3. Tap AirDrop.

How to AirDrop files from your iPhone or iPad

You can AirDrop files from any iPhone or iPad app that includes the built-in Share sheet, and you can share to anyone and any of their devices that show up in the Share sheet.

Tap the person or device you want to share to.

  1. Find the file you'd like to send with AirDrop (I chose a photo).
  2. Tap the Share button on the bottom right of your screen (looks like a box with an arrow coming out of the top).

Note: If you choose Contacts Only, make sure you're logged into iCloud. Apple won't share your contacts with another device to determine if there's a match; it'll check both your iCloud accounts instead. Then, if there is a match, it'll show you your own version of the contact on your own device. That way, no data gets leaked.

If you choose Everyone, even though you are highly visible to other devices, you will always be prompted when someone is trying to share files with you through AirDrop. If you don't recognize the sender, or do not want to receive the files, you can always choose not to accept them. Files sent through AirDrop will appear in the app that typically handles those sorts of files — i.e. photos will show up in Photos.

How to block AirDrop with restrictions for iPhone and iPad

If you want to not just turn off AirDrop but block it completely, for example on your child's iPhone or iPad, you can use restrictions — also known as parental controls. Tap on Enable Restrictions at the top if you don't already have them turned on. If you do, skip down to step 6.

Switch AirDrop to Off.

  1. Launch the Settings app on your iPhone or iPad.
  2. Tap on General.
  3. Tap on Restrictions.
  4. Enter a passcode that you'll use to enable and disable apps.

How to troubleshoot AirDrop on iPhone and iPhone

AirDrop feels miraculous when it's working, frustrating when it's not. If you're having trouble with AirDrop on your iPhone or iPad, here are some fixes:

How to turn on (or off) AirDrop for Mac

AirDrop lets you choose between enabling it for just your contacts or for everyone. "Contacts" requires more work, as you and the person you want to AirDrop with both have to be logged into iCloud and be in each other's Contacts. "Everyone" is easier but means random people you don't know can send you prank AirDrops.

  1. Launch the Finder on your Macs.
  2. Click on AirDrop in the left navigation.
  3. Select Off to disable AirDrop, Contacts Only to enable only your contacts to AirDrop you, or Everyone to let everyone AirDrop you.

How to AirDrop from your Mac using the drag and drop

If you want to grab some files and quickly throw them into AirDrop, the fastest way to do it is using drag and drop.

  1. Launch Finder on your Mac.
  2. Find the files you want to AirDrop.
  3. Drag the files over AirDrop in the sidebar.
  4. Hover there until the Finder changes to the AirDrop window.
  5. Drop the files onto the picture of the contact you want to share them with.

How to AirDrop from your Mac using the context menu

If you prefer to control/right-click on your Mac, you can access AirDrop that way as well.

  1. Launch Finder on your Mac.
  2. Find the file you want to share.
  3. Control/right click on the file and then choose Share from the menu.
  4. Choose AirDrop from the sub-menu.
  5. Click on the picture of the person you want to share with.

How to AirDrop from your Mac using the Share sheet

You can also AirDrop files using the Share sheet on macOS, including from the Finder and Safari.

  1. Click on the Share button, typically at the top right.
  2. Select AirDrop
  3. Click on the picture of the person you want to share with

How to troubleshoot AirDrop on on Mac

If contacts don't show up in the AirDrop interface, try these solutions, in order:

  • Toggle Bluetooth and/or Wi-Fi off and back on to reset the connections.
  • Turn off Instant Hotspot to free up the Bluetooth and Wi-Fi connections.
  • Temporarily switch to Everyone to remove any chance of contact mismatch.

Article Produced By
Rene Ritchie
and
Cella Lao Rousseau

https://www.imore.com/airdrop

Malta to Assist the Government of Vanuatu in Forming Blockchain and ICO Legislation

Malta to Assist the Government of Vanuatu in Forming Blockchain and ICO Legislation

The state authorities of Malta will assist the government

of the Pacific island nation of Vanuatu in forming blockchain regulations, the Vanuatu Daily Post reported Monday, Oct. 8. Minister of Foreign Affairs of Vanuatu Ralph Regenvanu has reportedly requested assistance from the Maltese government in forming blockchain legislation upon instructions from the Council of Ministers.

Speaking at a meeting with Maltese Prime Minister Dr. Joseph Muscat, and Parliamentary Secretary Silvio Schembri, Regenvanu noted the crucial role of adopting appropriate regulatory frameworks for the blockchain industry and Initial Coin Offerings (ICOs). In mid-September, the Reserve Bank of Vanuatu (RBV) issued a public warning on crypto, stating that digital currencies are “not recognized as legal tender in Vanuatu and are not issued or regulated by the bank,” according to Daily Post.

The statement subsequently raised concerns among local authorities, with state regulators suspending the issuance of Financial Dealers Licenses (FDL) to crypto and blockchain-related businesses until proper regulation is adopted. According to the report, Maltese authorities “immediately” responded to Regenvanu’s request, and offered assistance to the Vanuatu Government in developing proper legislation for the blockchain sphere.

Regenvanu also suggested the formation of a “Commonwealth of Blockchain Islands” for establishing blockchain regulatory standards. According to the Vanuatu Daily Post, Muscat “warmly welcomed the Minister’s recommendation.” In addition to providing training to both Ni-Vanuatu students and state regulators, and general technical assistance in blockchain regulation, Maltese financial authorities are also eager to contribute to Vanuatu’s financial oversight. In early July, the Parliament of Malta passed three bills that set a defined regulatory framework and legal environment for the crypto and blockchain industries.

Due to the high level of blockchain industry development, as well as increased awareness and openness to the cryptocurrency industry, the country has become a popular spot for crypto-related businesses, including major crypto exchanges lilke Binance, OKex, and BitPay. Recently, Muscat claimed that crypto is the “inevitable future of money,” while blockchain can create a more transparent and fair society. In October 2017, the Vanuatu government announced that the country accepts Bitcoin (BTC) as payment for its citizenship program, requiring a one-time payment of $200,000, or around 30 bitcoins as of press time.

Article Produced By
Helen Partz

Helen is passionate about learning languages, cultures and the Internet. She has years of experience working at international online advertising projects. Growing interested in Bitcoin and cryptocurrencies in late 2017, she joined Cointelegraph as a writer.

https://cointelegraph.com/news/malta-to-assist-the-government-of-vanuatu-in-forming-blockchain-and-ico-legislation

Operation Airdrop delivers critical supplies within hours to areas flooded by Hurricane Florence

Operation Airdrop delivers critical supplies within hours to areas flooded by Hurricane Florence

Within mere minutes, volunteers from the Texas-based organization

Operation Airdrop rushed to unload a semi-truck filled with bottled water. In under a half-hour, those same bottles were airborne from Raleigh-Durham International Airport bound toward a flooded Carteret County. 

Founded a year ago in the aftermath of Hurricane Harvey, Operation Airdrop expanded into providing service for Hurricane Florence with the help of local Triangle grassroot coordinators, pilots and partnerships with dozens of local and national disaster-relief organizations. The organization moves supplies from municipal airports to boats in the flooded regions of North Carolina, many of which are where trucks or cars cannot access safely.  Dan Benedix, a volunteer pilot, said the organization delivered 29,000 pounds of food and supplies across North Carolina on Tuesday and approximately 55,000 pounds Wednesday.

“In Lumberton they’re unloading the airplanes from the terminal onto boats, and those boats are going to peoples' houses that have been stranded without food or water for the last three or five days,” Benedix said.Although other disaster-relief organizations can take days between receiving and delivering supplies, Benedix said there’s only a few hours between Operation Airdrop's intake of product and it arriving to the destination in need.

According to Benedix, RDU’s Airport Authority gave all Operation Airdrop planes a $1 per gallon discount on gas and allowed hundreds of volunteer planes to use the TAC Air terminal. The volunteer pilots are paying their own gas — up to $600 for a round trip to the coast. “In fact, Cape Fear is offering (the pilots) fuel for free, and they’re refusing,” Benedix said. Jil Christensen, a Raleigh-based Operation Airdrop coordinator, said, as an avid sailor, her memories of earlier devastation on the N.C. coast drove her charitable work. “I wanted to make sure what happened in Hurricane Matthew did not happen during Hurricane Florence,” she said.

Christensen said her involvement in Operation Airdrop began when she joined online groups looking for her sailboat during Florence. Christensen said she was the only online group member unaffected by the hurricane and found herself in a unique position to help. “I was getting private messages, asking me to find their aunt in flooding waters, or someone was dying because they were running out of oxygen and asked me to call 911,” Christensen said. “I realized the scale of what was happening, and I realized the storm had only been going on for 14 hours.”

Christensen said the support from the community has been overwhelming, but the organization can handle even more supplies and volunteers in addition to what they are currently receiving. “We need more, and that is only because we can move 200 planes if we have enough stuff to put in 200 planes," she said. "And that means 200 planes get to destinations across the state.” The most critical supplies to donate can be found on this Amazon list, updated daily by Operation Airdrop as items go out-of-stock and as they field requests from communities and families in need.

Article Produced By
Ryan Smoot

http://www.dailytarheel.com/article/2018/09/operation-airdrop-0920

“AirDrop” between iPhone & Windows PC: 2 Best Alternatives!

“AirDrop” between iPhone & Windows PC: 2 Best Alternatives!

 

Apple’s AirDrop, the excellent file-transfer feature,

unfortunately only works between Apple devices. There is no “AirDrop software” for other platforms to install, which means you won’t be able to use it if you’re a Window or Linux user. But just because AirDrop is not compatible with Windows doesn’t mean you cannot transfer files wirelessly from your iPhone, iPad to a Windows PC and vice versa. In fact, AirDrop is an implementation of Wi-Fi Direct, the technology that allows two devices to establish a wireless connection and share data. So there will be some alternatives that let you achieve the same thing on other platforms as well. In this article, I will show you several alternatives to AirDrop that do a great job transferring files between iPhone, iPad and Windows PC. Keep reading and enjoy!

AirDrop Alternatives for Windows

These applications have the ability to establish a connection between devices in the same Wi-Fi network, so you can transfer data wirelessly. If there is no Wi-Fi network nearby, that’s fine. You can turn on Personal Hotspot and connect your computer to it. These applications only utilize the connection, it won’t drain your mobile data.

1. Zapya

Zapya allows you to share all types of files between your devices wirelessly using Wi-Fi tethering or hotspot feature. The developer claims that the transmission speed can be up to 10MB per second, it is even much faster than AirDrop.

Zapya is completely free to install and use. On your PC, go to Zapya’s homepage and download and install the version for Windows PC. On your iPhone/iPad, launch App Store, look for the Zapya app and install it.

How to use Zapya

First off, connect your iPhone/iPad and your Windows PC to the same Wi-Fi network or with hotspot and then launch Zapya on both devices. Now on your PC, in the Connect tab, select “Join Group”. It will scan and list out the Zapya-enabled device. Click “Connect” to start connecting two devices. Or you can connect from your iPhone by using the Radar functionality.

Once both devices are connected, you can start sending files between them. You can send photos, videos in the Photos app, transfer music, contacts. Files that are imported from other applications will be shown in the File section. Just select the files you’d like to transfer and then tap the send button, the files will immediately be transmitted. On your PC, you can find the files in the Record tab. Click on the folder icon next to each file to open them in the folder window. Of course, you can transfer files from your computer to your iPhone iPad, too. Once you’ve joined both devices, just drag and drop files onto the Zapya window, or click the Send Files button and browse to the files you want to send.

2. Xender

Xender is another transfer software that using Wi-Fi utility. Unlike Zapya, you don’t have to install any program on your computer to get it working. Xender claims that their software is even easier to use than AirDrop. But I don’t think so :)) AirDrop is very well-integrated in the system and I’ve never used anything better than that. However, Xender still can get the job done for Windows users. Below are the steps involved in the process of transferring files between two devices: iPhone and your computer.

1) Download and install Xender on your iPhone. It’s free.

2) Make sure two devices are connected to the same Wi-Fi network, or your laptop must join the Personal Hotspot created by your iPhone.

2) On your computer, open a web browser, and go to http://web.xender.com. The web page will then show you a QR code.

3) Open Xender on your iPhone, swipe right, tap “Connect PC” on the side menu. Then tap the Scan button, scan the QR code appearing on the computer’s screen. Now both devices should be connected to each other, and the site will reload, giving you control over the files on iPhone.

4) Now you can upload files from your computer to the iPhone, or download files from the iPhone via the web browser. To copy photos & videos from your iPhone, you can click hover the mouse over the item and click the Download button under it. Or you can bulk transfer by selecting the items you want to transfer, then click the Download button in the top corner. And that’s how you can “AirDrop” between an iOS device and a Windows PC. Hopefully, this article can help you resolve your issue while dealing with transferring files. And what way do you prefer? Do let me know in the comments below.

Article Produced By


Dan Norris

https://iphonebyte.com/airdrop-iphone-mac-windows/

Ethereum is better than Bitcoin in 2018: ConsenSys, Enterprise Ethereum Alliance, ICO ‘s and smart contracts (Ethereum Price Forecast)

Ethereum is better than Bitcoin in 2018: ConsenSys, Enterprise Ethereum Alliance, ICO ’s and smart contracts (Ethereum Price Forecast) – Sat Oct 06

Ethereum is better than Bitcoin in 2018: ConsenSys,

Enterprise Ethereum Alliance, ICO ’s and smart contracts Ibtimes has published an article about the future of Ethereum. The Ethereum ecosystem is faring slightly better than bitcoin this week in terms of price. According to OnChainFX, ether tokens rose nine percent to roughly $1,101 on Wednesday morning. Ether prices grew 10,298 percent since this time last year. Organizations such as ConsenSys and the Enterprise Ethereum Alliance drove institutional engagement while the initial coin offerings fundraising trend created hundreds of new Ethereum-based tokens. CoinMarketCap estimates Ethereum’s global market cap now exceeds $107.5 billion.

Will the price of ether tokens continue to rise in February? It’s impossible to know for sure, of course. Regulators worldwide are cracking down on questionable ICOs, which could impact ether itself. “There is definitely demand for Ethereum when there are ICOs being launched,” Matthew Gertler, senior analyst at Digital Asset Research, told International Business Times. “But we don’t have numbers to quantify how much of these [ether tokens] went into ICO projects to know if that is really going to have any effect. Negative publicity is generally negative for the market.”

Ethereum’s ecosystem exhibited better variance

On the other hand, Ethereum creator Vitalik Buterin has an ambitious roadmap for technical improvements this year. Plus, an academic study out of Cornell University argued there even more diverse Ethereum network nodes than there are comparable bitcoin nodes. The study also asserted Ethereum’s ecosystem exhibited better variance when it comes to miners, making it easier for small miners to contribute. All things considered, the Ethereum community is diversifying rapidly. This could boost the network’s overall security.

Ethereum futures contracts could be in the pipeline for 2018

Much like the bitcoin network, relatively high transaction fees and network congestion hinder daily usage. Some experts speculate that Ethereum futures contracts, an unprecedented investment product with relation to this cryptocurrency, could be in the pipeline for 2018. If so, it could impact ether prices just as hype surrounding bitcoin futures influenced the broader cryptocurrency market in late 2017.

If you think the value is higher than the current price

“Bitcoin and Ethereum broadly trade in similar ways. One big difference, I would say, is you now have the bitcoin futures market,” Wall Street veteran and cryptocurrency investor Jill Carlson told IBT. “It’s always a question of the value of something versus the price of something. If you think the value is higher than the current price, that’s a great thing to go in and buy. If you think the value is lower than the current price, then you might want to short it…Personally, I’m not going to short bitcoin anytime soon.”

Price of ether will rise this month

Even if most experts predict the price of ether will rise this month, anything can happen in the world of cryptocurrency. Quartz reported hackers stole $400 million worth of ICO tokens so far, the majority of which were Ethereum-based. Many Ethereum wallets, such as Parity, appear to have serious vulnerabilities. Regulation, lawsuits and costly cyber attacks could all lead to unpredictable oscillation.

I would have thought that they were crazy

“I just got back from the Bitcoin Miami conference and Ethereum is worth close to a $1,000. When I went to the same conference the year before it was $8 to $12,” Gertler said. “If anyone had said to me at the time that the high would be a $1,000 or more, I would have thought that they were crazy. I’ve been incredibly surprised over the past year. So I don’t have a high price expectation [for ether]. In terms of a low [price], I don’t have a bottom either.”

Bitcoin Price Predictions 2018: How high can Bitcoin price go in 2018? Up to $1 million or down to $100? (In-Depth Analysis)

Bitcoin prices in 2018 have been marked by volatility which has made bitcoin price prediction in short-term a bit of a challenge, even for the experienced analysts. As at the time of writing, the price of Bitcoin took a dip from 10k to under 8k following news that search engine giants, Google will ban crypto-related ads. So far, 2018 has presented its own surprises though not a dramatic as the rollercoaster we say in 2017.

History generally has a way of repeating itself but bitcoin has a lot of history which makes it an equal challenge predicting which history will be repeated. It takes more than a study of past trends to get predictions spot-on this time and so we ended this article by highlighting certain area expert analysts were looking at.

Analysts, enthusiast, and industry figures have very diverging opinions and bitcoin price predictions for both long and short-term. Optimism is still high in many quarters—reports of a new survey among British financials suggest a wide majority will buy more coins in hope of price resurgence later this year. As we delve into who’s saying what and why, here’s a heads-up. Expect a lot more price fluctuations in the interim. It’s going to be a bumpy ride getting to wherever Bitcoin is headed by the year’s end.

Surely, Bitcoin is headed up – John McAfee

John McAfee, Bitcoin supporter and founder of the popular McAfee antivirus software, is being very positive about Bitcoin. He predicted that Bitcoin price will hit $1 million by 2020 following last year’s prediction of $7000 which was well surpassed. Bitcoin Price Prediction Tracker portal, Bircoin.top, did the maths and explain that Bitcoin needs to grow daily at 0.4840957034310259% per day.to meet McAfee’s prediction. Currently, Bitcoin is around $ 8,207 compared to $ 7,171. Cool right? However, to hit McAfee’s target, BTC would end the year just over $29k.

BTC has accelerated much faster than my model assumptions. I now predict Bitcoin at $1 million by the end of 2020. I will still eat my d**k if wrong” – John McAfee[/perfectpullquote] Apart from the economics behind the limited supply of Bitcoin, his prediction considered the factors like the increased adoption of Bitcoin and blockchain as well as a total cryptocurrency’s market cap around $162 billion which gives large room for growth.

Expect stability only after 10 years – Kristjan Dekleva (Hedge)

The Swiss-based financial expert will have us brace up for a decade of turbulence before any hope for a stable bitcoin. This he suggests will coincide with a general acceptance of Bitcoin even in hard-stance China. This though, not as a fiat replacement but a viable alternative. In my opinion, it will be at least 10 years before we see stability”. – Kristjan Dekleva (Hedge)[/perfectpullquote] The finance expert at cryptocurrency project Hedge sees Bitcoin investments as all-too-similar to the DotCom bubble of the 90s. So Mr. Dekleva, what are we having for supper in 2018? In the short-term, falls have been driven by emotion and in many cases disinformation – a small rumor can have a big impact…Demand is driven by market speculation, but the absence of institutional investors means the market is unstable. Instability it is. Next stop is the prestigious Harvard.

Bitcoin to shrink to $100 – Kenneth Rogoff (Harvard Prof & ex IMF chief)

Known for his disparaging remarks against Bitcoin, a former chief economist at the International Monetary Fund’s (IMF) Kenneth Rogoff has poured icy water on hopes of Bitcoin making it to the moon. I think Bitcoin will be worth a tiny fraction of what it is now if we’re headed out 10 years from now…I would see $100 as being a lot more likely than $100,000.”  – Kenneth Rogoff[/perfectpullquote] Rogoff’s prediction is based on his long-held belief that governments will rise against anonymous virtual currencies like Bitcoin. Government regulations, according to Rogoff, will pop the Bitcoin bubble but a Bitcoin pioneer on Wall Street thinks along very different lines.

Bitcoin to reach $25k in 2018 – Tom Lee (Snr. partner Fundstrat; ex-chief JP Morgan)

Popular Bitcoin forecaster Tom Lee expects Bitcoin to reach $25,000 by mid-2018, more than double its price of about $10,000 in January when the prediction was originally made. We expect bitcoin’s major low to be $9,000, and we would be aggressive buyers around that level,”  – Tom Lee[/perfectpullquote] Though Bitcoin went below Lee’s base of $9,000 (nearing $6,000), it has bounced out reaching in March $11,000. It will take a ride similar to the one we witnessed last year for Bitcoin to reach this mark. To make this happen, Lee is counting on more institutional investors taking on Bitcoin and a steady increase in Bitcoin user base. Lee’s target may be half the mark according to fellow crypto-believer.

Volatile Bitcoin to touch $50,000 – Jeet Singh (cryptocurrency portfolio manager)

Speaking in January at the World Economic Forum in Davos, experienced cryptocurrency fund manager, Jeet Singh predicted that the price of Bitcoin will go as high as $50,000. He warned of heavy price fluctuations which he believes is only normal for a Bitcoin market that is still maturing. Bitcoin could definitely see $50,000 in 2018…We will probably go through a suffering period of volatility around the time of Bitcoin’s next $10,000 landmark.”  – Jeet Singh[/perfectpullquote] Just like Lee, Singh expects Bitcoin to be adopted not just in the black market but by institutions and entire countries. If 50k seems too optimistic, how about 100k from the “Nostradamus of Markets”?

Bitcoin is the future; Fiat is Past – (Tim Draper, Venture Capitalist)

In 2014 with bitcoin at only $413, popular VC, Tim Draper predicted bitcoin to reach $10,000 in three years. This was fulfilled a month earlier than he predicated earning him a reputation among crypto fans. Though he didn’t categorically, predict a $100k Bitcoin in 2018, He said he expected the Bitcoin to continue its growth in an interview with Bloomberg last year. Tim Draper has made successful bets with Tesla, Skype, and Twitter in the past. Assuming this growth happens at the same pace as the 3-year journey to $10k then we’re in for six digits. Maniacal right? That’s exactly how Draper feels about Bitcoin prospects. Now onto someone who understands a lot about bitcoin’s foundation.

Bitcoin will hit $ 40,000 – Llew Claasen (Executive Director, Bitcoin Foundation)

Last month, Llew Classen made a bold statement to reassure Bitcoin believers that the cryptocurrency is on the right track –specifically, on track to reach the $40,000 mark. Though his outlook for some altcoin holders was not very encouraging, he made it clear that as something new, cryptocurrency will be as risky as it is exciting.

Bitcoin to pass $43K by December 2018 – (Survey by Finder.com)

Finder.com sought opinions of 13 cryptocurrency experts and concluded that Bitcoin price will witness a 300% growth to land at $43,000 by the end of the year. The site also predicted Bitcoin at over $14K by March 1.While we saw the top 10 coins dive by 24 percent last month, our survey shows panelists are expecting this to be a bump in the road as these coins are set to recover.” – Jon Ostler, UK CEO, finder.com[/perfectpullquote] Ostler noted that the predictions were not cast in stone as they can easily be swayed by “outside factors such as regulations, laws, and banking systems”

Bitcoin Will hit $320,000 someday – Cameron Winklevoss
(co-founder, Gemini)

One of the popular Winkelvoss twins, Cameron Winklevoss recently said that he could easily see the price of BTC go up 40% someday. This year maybe? Not likely. The twin said he and his brother were taking longer outlook, 10 to 20 years. Bitcoin is actually fixed in supply so it’s better than scarce … it sort of equals a better gold across the board. We think regardless of the price moves in the last few weeks, it’s still a very underappreciated asset.” –  Winklevoss [/perfectpullquote] The fourth wealthiest cryptocurrency investor weighed bitcoin’s prospect against gold and came up with a resounding verdict. “We believe bitcoin disrupts gold,” He said.

Bitcoin will reach $1million – Bobby Lee (CEO BTCC Exchange)

Bobby Lee, CEO of China’s first Bitcoin exchange speaking at the London Blockchain Week went overboard with his prediction. Lee said bitcoin will surpass $1 million but unlike McAfee, he could see this happen in 20 years’ time.

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]“Bitcoin, I think will get to $1 million per bitcoin…Right now it’s 10,000, it will go 100,000 and then 200,000, 500,000.”  – Bobby Lee[/perfectpullquote]

IN SUMMARY

A good number of analysts have also had their say though very few would be drawn into actual predictions. We observed a general trend in their assessments.

Expect Price Fluctuations:

At this stage, bitcoin and cryptocurrencies will be greatly affected by speculations. Even small developments in governments, traditional will likely affect prices. Most say the fluctuations are normal and wouldn’t affect the longer term outlook.

Long-term outlook

Experts would prefer to make predictions over a longer period. It is more common to have bitcoin price predictions for 2020 or a 10 to 20-year outlook. While the current reality may suggest some gloom, it’s worth remembering that the heights achieved last year came amidst similar corrections along the way. It’s only the 1st quarter of the year.

Bitcoin will be the standard for virtual currencies.

Though bitcoin may have a limited use case, it has been tipped to remain the king of all cryptocurrencies. It’s not going to be a case of “which altcoin will overtake bitcoin” rather how they will impress with their special use cases. It is a fact that the technology behind bitcoin is less sophisticated when compared to many other projects like ethereum.

Bitcoin as a store of value

Gradually, bitcoin is being seen more as a store of value that an actual currency being compared to gold and other assets. Bitcoin was originally designed as an alternative currency to bank the unbanked. Most decision making bodies and financial experts, however, see Bitcoin more as a store of value, an asset rather than a medium of transaction.

Many Altcoins will suffer

Part of the process that will lead to general acceptance of cryptocurrencies will include a clean-up of “useless” cryptocurrencies. A good number of the 2000 coins will naturally go away as their value become worthless—some, only a fraction of cent. Brad Garlinghouse, the CEO of Ripple and Llew Claasen of Bitcoin Foundation are among those raising this alarm.

Economics of Scarcity

The limited supply of bitcoin—a fixed supply 21 million BTCs—will play a role in its price; if not now, in the future.

Outside factors will play a significant role

Many observers believe that outside factors which affect the adoption of bitcoin will ultimately dictate the price in the short-term. The creation and performance of futures markets, for instance, is expected to tilt the price either way.

There are still concerns about bitcoins used for illicit purposes

Due to the anonymity of Bitcoin transactions, it has been used to conduct illegal activities giving Bitcoin a general bad image. This image, analysts believe will affect its adoption and ultimately its prospects in the future.

Finally, Caution against risking your life savings

 

Crypto investments are new and super-risky. Remember ethereum founder saying that cryptos are so risky the prizes might actually drop to zero. Well, that doesn’t seem practical but the message was clear. Do not invest your life savings in bitcoin or cryptocurrencies generally. Just like John Draper noted, you still need to buy stuff in fiat. So while bitcoin will likely worth a lot more in the future, it’s advisable to invest just as much as one can afford to lose.

Article Produced By
Andreas Kaplan

Andreas Kaplan is a freelance cryptocurrency and blockchain writer.