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The securities department of the US state of North Dakota has issued orders against three companies promoting initial coin offerings in the state. They are Bitconnect, Magma Foundation, and Pension Rewards. The investigations are part of Operation Cryptosweep which involves over 40 US and Canadian securities regulators.
North Dakota’s Cease and Desist Orders
North Dakota Securities Commissioner Karen Tyler issued cease and desist orders Wednesday against three companies “promoting unregistered and potentially fraudulent securities in North Dakota in the form of initial coin offerings (ICOs),” the state’s securities department announced. The department wrote:
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Syscoin (SYS), a cryptocurrency project that features the world’s first wallet with an integrated decentralized marketplace, announced this week that it has released Syscoin 3.1.0 Core, a mandatory update that brings a number of optimizations, including an improved reward system for masternodes. Faster transactions, more masternode rewards and optimizations! #Syscoin 3.1 MANDATORY UPGRADE now available https://t.co/SHldm7CKpR$ SYS #blockchain […]
Social video app Cheez announced recently that it will soon be integrated with Bitcoin and Ethereum rewards for users. Some, however, are skeptical of the reward cap and centralization.
Bringing Cryptocurrency To The Masses
Cheez, a social video sharing app designed by its Chinese parent company LiveMe, is taking a dive into the world of cryptocurrency by integrating a system that will reward its users with Bitcoin00, Ethereum, and a native Ethereum based ERC20 token.
The Gabrotech company is developing a platform that will allow making different loyalty rewards a digital asset. Available either for conversion into cryptocurrencies or fiat currencies, or for exchanging with other reward points. The release of the platform is planned for December. For further improvement, the company is running an Initial Coin Offering (ICO) until Sept. 1, with a bonus of up to 20 percent.
Sapien Network is creating a tokenized, democratized, reputation-based, Web 3.0, social news platform that will give users back control of their data, reward content creators, and fight fake news. They are looking to leverage the latest Blockchain technologies to build a platform that is immune to censorship, guards free speech, respects user privacy, and persists content, many of the problems currently facing Web 2.0 platforms.
Sapien is one of the few projects that already has a working Beta product that the general public can access and use today. It already has over 3,000 users, 8,000 posts, 11,000 comments, and over 2.3 million staked SPN.
Rewards.com has integrated Dash coin into its platform in order to give members the ability to deliver rewards to users directly in cryptocurrency for retail purchases. The integration was announced during the Consensus conference in New York City. Rewards.com offers a global loyalty solution which provides a consumer and retail-focused rewards token platform. It leverages blockchain technology to offer a universal loyalty token, called RWRD,
Cryptocurrencies are slowly making inroads in various areas of finance. So far, there has been little to no progress in regards to loyalty schemes or bonus point offerings. Rewards.com is looking to shake things up by offering Dash support to its customers. As such, users can earn rewards for making retail purchases in the form of cryptocurrency.
A Feather in the cap of Dash
It is evident getting people interested in cryptocurrencies will not be easy by any means. To most people, this new form of money offers no real improvements. Even so, things will gradually improve from here on out, as there has been an increase in overall cryptocurrency awareness.
On May 19 a group of Bitcoin Cash (BCH) miners met after the Coingeek Conference in Hong Kong to discuss a new proposal which would fund BCH development and professional programmers who work on the protocol. The funding would stem from a portion of the miners block reward, and attendees discussed donating between 1-5 percent of rewards to fund developers.
Canadian blockchain venture Decentral Inc. and its multi-currency digital wallet Jaxx announced the upcoming release of the new “Decentral Project,” along with some of its primary initiatives. At a lavish “United by Decentral” event held on the Cornucopia Majesty yacht, the company closed out Consensus 2018 in New York City with a series of presentations outlining their new initiatives.
In an animated video narrated by Decentral founder and CEO Anthony Di Iorio, the 2.0 version of its wallet — dubbed “Jaxx Liberty” — offers a gamified interface to assist newcomers in experiencing the blockchain arena. The redesigned Jaxx wallet will backend infrastructure to dozens of blockchains, while the module-based interface includes a portfolio, block explorers, markets, charts and graphs, and popular news sources.
DirectHome, a service provider in the real estate sector, is offering users on its online platform the opportunity to buy, sell and rent properties without the need for a real estate agent, thereby significantly reduce transaction costs. The platform also offers cash back and rewards to contributors via Tokenomics, powered by blockchain. DirectHome is launching a token generation event for its token – DIREC token.
The company is a decentralized, crowd-sourced and transactional platform designed to provide the complete real estate database globally while facilitating property transactions between all existing stakeholders including homeowners, seekers, agents and developers, in an efficient ecosystem via the ERC20 blockchain with smart contract implementation.
There’s a new Japanese Android and iOS game called Itadaki Dungeon that allows players to earn small micro-bits of BTC while venturing through 3,000 underground levels. The free game is a 2D course filled with weapons, special items, and cryptocurrency treasure.
According to data from CoinSchedule, initial coin offerings (ICOs) have raised almost $ 3 billion year-to-date, which includes Telegram’s pre-sale that targeted $ 850 million. It seems that 2018 will become another record year for the ICOs. If you missed the recent crowdfunding events, don’t worry – the most interesting ones are still to come.
One of the exciting projects that we want to discuss today is Ovato, a decentralized ecosystem used to create and monitor social media-oriented advertising campaigns. The blockchain-based system will involve merchants, social media influences, and customers. It will revolve around Ovato Coin, with the ticker OVT, which is currently released via a multi-stage ICO.
Viberate users can earn VIB tokens by helping the decentralized live music platform grow through promotion, adding to the database, or referring new users.
An important area of support for both musicians and venues has always been an enthusiastic fan base. For the longest time, this was manifested by fans posting flyers about clubs or bands on any available surface. Fan-made magazines were distributed in schools and record shops, and word of mouth was used to promote up and coming bands or a cool venue that had just opened.