The global gaming market is growing every year. The lockdown, which negatively affected many sectors of the economy, has had a positive effect on the gaming industry. Companies in this segment have recorded significant growth - both in terms of the number of users and profits. Today, according to available data, this market is worth nearly USD 200 billion. So far, there are no signs that this trend will be reversed. The number of players is still growing and the amount of money spent on e-entertainment is steadily increasing. In the blockchain area we can currently find many projects that focus on the gaming segment. Unfortunately, there are few that provide real value to gamers. We have already seen a lot of whitepapers written on the knee and websites where the creators promised golden mountains, and in the end, they did not prove much. Even if the concept was interesting, it lacked proper management and a product that gave real utility. However, in the case of GamerHash project it was different. At the beginning there was the idea, planning and team building. Then a smooth transition to implementation. It paid off - nearly 500 000 registered users within 2 years from the start speaks for itself. Successive start-up competitions won by GamerHash project opened many doors for its creators. Investors became interested - both private ones and VC funds which believed in the project. The team showed that they used the new capital effectively, expanding the platform with new functionalities and introducing it to new markets - to the delight of new users. GamerCoin token What made GamerHash stand out from other projects is certainly a more logical sequence of actions. Its token - GamerCoin (currently available in the private sale phase) is introduced only now, when it already has a working platform and hundreds of thousands of registered users. This is certainly a large community for a new token, compared to other concepts. The GamerCoin token is meant to give users a useable value from the start. Aside from the fact that it will soon be launched on global exchanges such as CoinDeal (and several others with which talks are ongoing), it will also allow hodlers to pay for products and services in thousands of points, belonging to a partner network. From the outset, unlike most tokens, GHX will be practical. Users will have the choice to buy it on an exchange or earn it on the GamerHash platform. Applications of GamerCoin (GHX) Ordering products from the GamerHash store with an additional bonus. Purchases with GHX will provide users with the lowest possible prices or so-called tokenback - return of tokens after purchase, up to 50%. Access to dedicated competitions and events for GHX token holders. GamerCoin token holders will receive bonuses on the GamerHash platform (rewards, extra discounts, etc.). Users will be able to receive GHX tokens without having to buy them on the exchange by, among other things: Providing unused computing power of their computers. An additional 20% bonus in GHX tokens will go to wallets integrated into the GamerHash ecosystem. Users will be able to withdraw them or use them during in-app purchases. For example, every $10 a user digs up is an additional $2 in GHX tokens. Activity on the GamerHash platform. Users can also receive rewards for completing simple tasks ordered by partners, on the Play&Earn platorm. As we can see in the graphic above from the official GamerHash project materials, GamerCoin tokens will be used both for the development of the platform itself and new projects that will join the ecosystem. Developers of new solutions will be able to take advantage of the infrastructure created by the GamerHash team and bring their idea to life, much more efficiently than they would do it alone. The GH platform will gain new functionalities that will attract new users, which will also translate into its global value. So we can safely say that this is a well thought-out concept, working on a win-win basis. GamerCoin token - the most important numbers 1 GHX = 0.01 USD Total supply = 880 000 000 GHX Token sales = 322 000 000 GHX (36.6% of total supply) Hard Cap = USD 2 800 000 Soft Cap = USD 1,150,000 GamerCoin in private sale phase We have one more solution. We can purchase GamerCoin token (GHX) in the ongoing private sale phase directly from the creators of GamerHash. On one hand we will support the initiative and on the other hand we will get access on preferred terms to a token that will soon appear on many exchanges and the whole world will hear about it. Such a community as in the case of GHX, can boast of only a few projects. We leave the conclusions to you. If you see this potential and would like to be the first to have GamerCoins in your wallet, you can leave your contact here. GamerHash team will contact everyone individually to arrange details. We also recommend you to check out the whitepaper of the project.
Tuesday, June 8, 2021
GamerCoin - what makes the new GamerHash project token different?
Bitcoin, cryptocurrencies and blockchain - news from February 13 [video].
In today's news: ✅ CoperniCoin - a token of the Warmian-Masurian province is created ✅ Overstock creator: blockchain can save Venezuela ✅ Ernst & Young: QuadrigaCX exchange accidentally transferred 103 BTC to a portal it cannot access ✅ Mike Novogratz: Bitcoin will be digital gold, "sovereignty should cost a lot" CoperniCoin - a token of the Warmian-Masurian province is being created The Warmian-Masurian Marshal's Office will issue a digital token - CoperniCoin. CoperniCoin will not be strictly a currency. It is to be one of the elements related to the promotion of the region's tourist attractions. As its creators explain, it will not be of speculative nature. However, it will be possible to earn it through activity in many areas, including "participation in thematic competitions, field games, in selected events, as well as by visiting selected tourist attractions. source: https://cryptoprofit.pl/ Overstock founder: blockchain can save Venezuela CEO of Overstock believes that the crisis in Venezuela can be easily solved. How? The method is reportedly insanely simple: "We could show up in Venezuela with six laptops and create not only a functioning society, but arguably one of the most advanced government systems in the world." The creator of Overstock emphasizes that blockchain brings transparency of finances to the functioning of the government, thus reducing corruption. Furthermore, it could become the basis for a hyper-modern central bank: "We could bring them a central bank on a laptop. Everyone in Venezuela downloads a free app and suddenly you have the most advanced monetary system in the world." Source: https://bitcoin.pl/ Ernst & Young: the QuadrigaCX exchange accidentally transferred 103 BTC to a portal it does not have access to According to a report by Ernst & Young, the QuadrigaCX exchange accidentally transferred 103 BTC to a portal it does not have access to. According to Ernst & Young: "On February 6, 2019, Quadriga irreversibly transferred 103 Bitcoins, worth approximately $468,000, to a cold wallet that the company does not have access to at this time. source: https://documentcentre.eycan.com/ Mike Novogratz: Bitcoin will be digital gold, "sovereignty should cost a lot" As Mike Novogratz says in an interview: "There are 118 elements in the periodic table of elements and only one gold [...] Bitcoin will become digital gold, a place of sovereign money. It is not US or Chinese money, it is sovereign money. Sovereignty costs a lot, it should." source: https://cointelegraph.com/ Tags bitcoin news Blockchain daily news daily news from the cryptocurrency market crypto news cryptocurrencies Cryptocurrencies news cryptocurrencies news news bitcoin news
India: Bill to ban cryptocurrencies, won't make it to Winter Session of Parliament.
There are a few countries where the bodies that influence the legislature do not look at cryptocurrencies with delight. Unfortunately, one of them includes India. A country that is home to over 1.3 billion people - which is about 17% of the entire population on Earth. Let's go back to the past for a moment. In April 2018, the Reserve Bank of India, called on the remaining banks in India to stop providing services to any cryptocurrency-related businesses. We wrote about the problems of Indian crypto entrepreneurs here. Currently, trading and trading in digital currencies remains legal in India. Is the worst ahead? The Indian government had planned to address the cryptocurrency issue in the Winter Session of Parliament. However, according to the agenda, the bill titled "Prohibition of Cryptocurrencies and Regulation of Official Digital Currencies" will not come up during the Winter Session of the Indian Parliament. Unfortunately, the title is no coincidence here, as the bill proposes an actual and complete ban on cryptocurrencies in India. However, on the other hand, the subject of the bill was also supposed to be the introduction of the "Digital Indian Rupee". Of course, the issuer of this currency would be the Reserve Bank of India. It is also worth noting that the potential bill, does not ban the use of blockchain technology and related crypto solutions. Momentary relief As Sohail Merchant, CEO of Indian cryptocurrency exchange Pocketbits, comments on the situation, this is a temporary relief. At the same time, he calls for people to unite and present their ideas to the regulators. As we can read in the tweet: Translation: The Crypto Banning Bill did not appear on the Winter Session Agenda of Parliament. This is a relief for now, but let's use this time to join forces and present our point of view to regulators. Let's forget about competition/ego, let's let our thoughts resound in common words. Nischal Shetty, CEO of another cryptocurrency exchange - Wazirx - announced that the delay is good for the cryptocurrency ecosystem in India. He also suggested that the government needs more time to rethink the issues of a complete ban on cryptocurrencies. "It's great to see that the Indian Government is taking its time with this. They [the government] are listening." Tags bitcoin in India India India cryptocurrencies cryptocurrencies india
Cryptocurrency exchange - how to choose the right one and how to use it safely?
A cryptocurrency exchange is one of the integral parts of the entire cryptocurrency ecosystem. What are they and how do they differ from other such platforms where you can trade various assets? And above all - how to use them safely? What is a cryptocurrency exchange? Cryptocurrencies are - depending on the definition and actual use - an asset or currencies, i.e. means of payment. A cryptocurrency exchange is naturally needed to trade and exchange both tokens and cryptocurrencies. In the world of brokers and traditional investments, you can naturally buy stocks on exchanges. You can, on the other hand, purchase currencies (usually fiat currencies) at exchange offices. In the market for digital currencies, by far the most trading and exchange volume occurs on cryptocurrency exchanges, however. It is on these online platforms that you can exchange your "paper" currencies (Polish zloty, dollars, euros, etc.) for cryptocurrencies such as Bitcoin, Ethereum or e.g. Litecoin. Cryptocurrency exchanges also allow you to trade crypto, e.g. BTC for LTC, ETH for BTC, etc. depending on the number of pairs the exchange offers. Thus, cryptocurrency exchanges act as a "third party" so to speak, which enables easy and convenient exchanges in the blockchain technology space. What is obvious to a senior participant in this market, they only have a digital dimension. Today, they do not exist in physical form. If someone would like to purchase cryptocurrencies in such a way, they have to use the offer of stationary exchange offices or bitomats. Another alternative to cryptocurrency exchanges is also the online bitcoin exchange. What role does a cryptocurrency exchange play in the market? Exchanges are extremely important for any digital currency investor. Their primary role is to allow all market participants to buy and sell cryptocurrencies. The distinctive feature at this level is that they allow you to view both buy and sell offers. Thus, both the buying and selling side can observe how many bids are before they are ordered. If a trader cares about time, he can thus easily outbid other bids, obviously paying a higher price than the competition or sell cheaper than the other traders are offering. Reducing the role of cryptocurrency exchanges only to the position of an intermediary in trading, would be a shallowing of the subject and their relevance to the market as a whole. Today, thanks to the mutual rivalry of entities, such platforms offer an increasingly wide range of services concerning trade, but also, for example, access to new tokens / cryptocurrencies and also recently popular IO - a collection very similar to the standard ICO, which takes place on the exchange platform. Some of the exchanges even decide to have educational platforms through which they train their users. Thanks to such solutions, exchanges are convenient not only for advanced investors, but also help to enter the world of blockchain for people who are only recently interested in the topic. There is also a growing number of platforms that issue their own stablecoins - cryptocurrencies with a fixed exchange rate linked, for example, to the value of the US dollar. Some exchanges are also releasing their own tokens so that traders can reduce their buy/sell commissions on the exchange. Centralized or decentralized? In the above description, the concept of a so-called third party came up. Although most blockchain projects are based on the idea of decentralization, cryptocurrency exchanges still remain mostly centralized entities today. Although this is also starting to change slowly and more and more decentralized exchanges are being created as the market develops. Some centralized exchanges also decide to create their decentralized counterparts - the so-called DEX (from decentralized exchange). As of today, however, decentralized exchanges are only a form of experimentation, not a standard. The main feature that distinguishes decentralized exchanges from centralized ones is that the aforementioned "third party" does not exist in theory. Why only in theory? Well, transactions take place by pairing the relevant orders directly on the blockchain. This means that the funds are constantly stored on our wallet, to which we have a private key, which significantly increases security. In practice, we still have to pay a buying/selling commission to the exchange operator. Decentralized cryptocurrency exchanges are still a new and emerging concept and their operation is not always easy. Therefore, it is recommended that they be used by users more familiar with the cryptocurrency market. It is worth mentioning that cryptocurrency exchanges (regardless of whether they are decentralized or centralized), to this day, remain one of the safest forms of acquiring cryptocurrencies. However, it is important to remember... That, a cryptocurrency exchange is not a wallet! The crown rule of using exchanges is to keep your funds (especially in larger amounts) on them, only for as long as necessary. It is important to keep this in mind and store our cy
Class action lawsuit against OneCoin
It was supposed to be so beautiful! Quick and spectacular return on investment, equally quick wealth and accelerated retirement. Unfortunately, the OneCoin project ends in disgrace, and its founders face prison sentences... In March of this year, a US prosecutor issued an arrest warrant for the project's founders. Konstantin Ignatov and his sister Ruja Ignatova, were finally arrested on March 6, 2019 in Los Angeles. The siblings were charged with "securities fraud and money laundering." Class action lawsuit That's not all, however. Now it appears that the project's investors are taking matters into their own hands. Christine Grablis, who invested in OneCoins, is now suing their issuers. She considers the pseudo-cryptocurrency investment system a fraud. She is also demanding compensation. At the same time, she is looking for other wronged parties, as she wants to organize a class action lawsuit against the creators of OneCoin. The entities and individuals being sued by the former investor are to be OneCoin Ltd, as well as Ruja Ignatova, Konstantin Ignatov, Sebastian Greenwood, Mark Scott, and possible other potential parties. Greenwood is the co-founder and "face" of OneCoin. Scott, in turn, is a licensed attorney who is accused of using his legal expertise to help the company with money laundering issues through various hedge funds. Silver Miller, the law firm that will represent cryptocurrency investors, has already issued a press release instructing victims on how they can participate in class action lawsuits. The project that was supposed to change the world or the scam of the decade? OneCoin was created in 2014. It had its headquarters in Sofia and from the beginning it functioned as a marketing network (MLM). The project's meetings were more like brainwashing than substantive debates. Konstantin, once asked when you can withdraw funds from the project, replied: "If you are here to withdraw money, leave this room now because you don't understand what this project is." Beware of pyramid schemes! The project was warned against in Poland by, among others, the Polish Bitcoin Association, which reported its concerns to the Minister of Justice Zbigniew Ziobra himself. In a similar vein, the MP's office of Mirosław Suchoń (Nowoczesna) wrote its MP's interpellation. DasCoin, the case of which is now being investigated by Polish services, was also highly controversial. MP Mirosława Nykiel (Civic Platform) wrote an interpellation about the latter project, while the Trading Jam foundation prepared a report to the prosecutor's office. Tags Blockchain dascoin Mirosław Suchon Mirosława Nykiel mlm onecoin Polish Bitcoin Association
ARK Invest invests in Coinbase
Three exchange-traded funds offered by ARK Invest, headed by Cathie Wood, have collectively bought 749,205 shares of Coinbase Global, Inc (COIN) with a total value of about as much as $246 million. ARK Invest invests in Coinbase ARK Innovation ETF (ARKK) now owns 512,535 shares of COIN, while ARK Next Generation Internet ETF (ARKW) bought another 147,081 units and ARK Fintech Innovation ETF (ARKF) bought 89,589. The ARK funds were not the only ETFs accumulating COIN. ETF Amplify Transformational Data Sharing (BLOK) also joined the effort in this space. It's worth noting that BLOK is one of the most active ETFs in the cryptocurrency market, with 7 of the top 10 allocations in the blockchain industry and accounting for a third of its total portfolio. Coinbase on the exchange The long-awaited listing of Coinbase took place on April 14. COIN debuted on the Nasdaq platform with a price of $381. The stock quickly rose 12.5% - to $429.54 - bringing its total valuation to over $112 billion. COIN then fell to find support at around $315. ARK was founded by fund manager Cathie Wood in 2014 and has already amassed more than $50 million in assets. The ARKW fund is up 161% over the past year, ARKK is up 152%, and ARKF is up 138% . Earlier this month, analysts representing ARK predicted that the market valuation of Bitcoin would surpass that of gold. The entry of the COIN exchange is, according to many, a breakthrough for the cryptocurrency market. Coinbase itself is an American company that operates a cryptocurrency exchange platform that operates remotely at first, without an official physical headquarters. Today, the latter is located in San Francisco. The company officially launched on June 20, 2012. Since its inception, the company's CEO has been Brian Armstrong. According to the published data, Coinbase achieved revenues of $1.8 billion in the first quarter of 2021. In addition, the company recorded 6.1 million monthly transacting users (MTU) for the quarter. This is about a 117 percent increase over the previous 3 months. It also means that there have been 3.3 million new users since the end of 2020. We wrote more extensively about it here on our site. Tags shares Ark cathie wood coinbase invet