This ban has formed an ever intensified crackdown by the Chinese authorities in the domestic cryptocurrency sector. Already, cryptocurrency trading was banned and dented, and always under scrutiny that led to the shuttering of the exchanges within the country. The censorship policies also have put a brake on the crypto rules and regulations along with transactions through private messaging and peer to peer financial platforms. The most popular Chinese payment applications like AliBaba has stopped the users from sending or receiving cryptocurrency.
Singapore: Today, Centive Technologies Corporation, an internet, and technology company that are making moves to “reshape the incentive industry” announces that it will conduct an Initial Coin Offering (ICO) for its blockchain-based incentive network, to the tune of US$35 Million. The ICO will kick-off today, 31st August 2018.
Centive Technologies Corporation had previously announced it successfully closed a private investment round, which is used to invest into technology development and deployment. Now it believes that it is ready to move onto the next step – an Initial Coin Offering (ICO) to raise the full amount it needs to grow its business and gain new users.
“The funds will be mainly used to support our growing technology team and to build powerful and easy to use platforms for businesses and consumers. As you know, blockchain is a competitive industry so we need to be ready to invest to reap the benefits. Our ICO investors might like the idea that Centive’s ecosystem and platforms will be exclusively transacting using Centive tokens”, said Benjamin Ryu, COO of Centive.
While the industry has seen many failed ICOs in 2018 alone, Centive cites its monetization strategy, burn-rate management, and significant experience in venture building will help it avoid pitfalls, turn a profit, continue expanding use cases and improve the usability of its tokens – which it believes as its fiduciary responsibility.
About Centive Technologies Corporation: Centive Technologies Corporation is an internet and technology company with a presence in Singapore, and operations around the world. Founded in 2018, it is helmed by executives formerly from Rocket Internet, Alibaba, and ad giants in Europe. For more information, visit centive.org
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Centive Technologies Corporation
The 2nd inning of China’s crypto police has seemingly arrived, with Asian country enlisting measures to cease the propagation of nascent assets. They seem to even go on their way to ban any crypto related discussion for the users, especially leading the way by Baidu blocking all searches. Some traders though want to break rules and find ways to invest in the digital currency. Guangzhou, the SEZ has decided to follow and let’s see how far this happens in China.
Venezuela Dash creates a change: In a juxtaposition, while the US investors are hung upon SEC approval for Bitcoin ETF, thereby signalling the possibility of institutional investors entering the market, Venezuelans turning to cryptocurrency to fill their need of digital transactions is the greatest proof of validity for the growing industry, one that provides an alternative to sole reliance on government fiat.
Though we can see the leaked information from many users in Atlas, it seems according to their website that they have been continuously investing in information security technology which is much better than other financial institutions. After this, they seem to be continuously monitoring the user’s accounts and trying to make it much more secure.
While Facebook’s recent involvement in the world of cryptocurrencies and blockchain has been viewed as positive, the social media giant made a major dent in the market early in 2018 when it banned all cryptocurrency-related advertisements. In 2018, the Facebook advertising policy was updated to prohibit ads that promote financial products and services that are frequently associated with misleading cryptocurrency. In June, however, the firm reversed its decision to outright ban all crypto-related advertisements and allowed only a few advertisements.
Tool measures how miserable Bitcoin investors are: Earlier this month in July, Tom Lee said that Bitcoin cannot be considered as broken for as long as it keeps the current levels of volatility and price. Back then, he cited the numbers shown by Fundstrat’s Bitcoin Misery Index (BMI), a tool which measures how miserable Bitcoin investors are, based on the cryptocurrency price and its volatility.
Cryptocurrency: Litecoin tried showing the optimistic view a few weeks back but over next cycle, it started to show signs of weakness. LTC has formed lower highs and has continued to fall off to an older support level. During the time period from August 12, 2018, to August 19, 2018, the price changes of cryptocurrencies ranged from -50% to +252.1%. The growth leader this week was Tata Tutu project, which had completed its token sale in June end with substantial funds of about $575 million.
RBI effects of crypto ban: Though the ban seems to show a reverse impact with people, like traders and investors going against the bank and investing in cryptocurrency, the ultimatum might just be the change and new development by the bank. Let us see if this actually affects the people or not!
China is ready to block 124 offshore cryptocurrency exchanges still available to domestic users as part of the government wider crackdown on activities related to digital money, according to the countries state media. The Chinese financial authorities, a local news site reported that the government will block access to websites operated by foreign cryptocurrency exchanges that provide trading service to Chinese citizens.