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Ethereum Confirms December Launch Date for Fusaka Upgrade

Ethereum Confirms December Launch Date for Fusaka Upgrade

Developers finalise December 3 rollout introducing PeerDAS to improve transaction speed and reduce costs across layer-2 networks

Ethereum’s next major upgrade, known as Fusaka, will be activated on December 3 following a successful round of testing this week. Developers agreed on the date during a core team call on Thursday, confirming the network’s latest milestone toward greater scalability and efficiency.

The Fusaka update introduces a new data-sampling method called PeerDAS, designed to reduce the computational load required for processing data from layer-2 chains. The method will expand the “blob” storage system first implemented in the 2024 Dencun upgrade, allowing more transaction data to be handled in each block and lowering costs for users on layer-2 networks.

Ethereum co-founder Vitalik Buterin described PeerDAS as critical for scaling, noting that the feature could allow rollups to process a far higher number of transactions at minimal cost. By distributing storage and verification responsibilities across nodes, PeerDAS is expected to improve speed and bandwidth efficiency without increasing hardware demands.

Alex Stokes, one of the core developers leading Thursday’s meeting, said the community response had been highly positive. “It’s a really big deal,” he commented, following confirmation of the date.

The update follows earlier upgrades—Dencun and Pectra—that introduced temporary data storage and expanded blob capacity. Fusaka builds on these changes by enabling the network to gradually increase blob limits without requiring a full coordinated hard fork each time.

In addition to PeerDAS, the Fusaka release will implement security and usability adjustments, including transaction size limits, gas cost recalibrations, and new support for passkey-style authentication. These changes aim to improve reliability for validators and developers while making the network more accessible for everyday users.

Ethereum’s price has shown little immediate reaction to the news, with ETH trading around $3,760, down approximately 2% for the week. Market watchers remain divided on the short-term price impact, though many developers view Fusaka as a long-term structural improvement that strengthens the network’s capacity for growth.

The upgrade’s mascot, a zebra, symbolises the striped distribution pattern of PeerDAS data columns—a visual nod to the network’s next step in scaling its global infrastructure.

Floki Registers MiCAR-Compliant White Paper With ESMA

Floki Registers MiCAR-Compliant White Paper With ESMA

Floki has become the first cryptocurrency token to have a White Paper formally registered with the European Securities and Markets Authority under the European Union’s Markets in Crypto‑Assets Regulation.

The filing was submitted through LCX, a regulated European exchange, to its National Competent Authority, which notified ESMA. This process places Floki on ESMA’s interim MiCA register and grants the token admission to trading on regulated platforms across the European Union.

Under MiCAR, crypto‑assets can only be offered or traded on regulated venues after their White Paper is lodged with a national authority and recorded by ESMA. The notice confirming Floki’s registration makes clear that no authority has approved the White Paper itself and that responsibility for its content remains with the issuer.

LCX, which managed the submission, operates as a regulated European exchange providing trading, tokenisation and digital asset services.

The Binary Holdings Secures $5 Million Investment from ABO Digital to Expand Decentralized Network

Partnership to Drive Growth Toward a Billion Users by 2025

The Binary Holdings, a decentralized technology firm valued at $16.9 billion, has announced an investment of up to $5 million from ABO Digital, a firm specializing in alternative financing for cryptocurrency projects. The funding is expected to accelerate the expansion of The Binary Holdings’ decentralized network, which aims to integrate Web2 and Web3 infrastructures and serve one billion users by 2025.

Headquartered in Dubai, The Binary Holdings operates a global ecosystem connecting 169 million users across industries such as payments, gaming, and digital commerce. The company is leveraging its proprietary platform, The Binary Network, to enable seamless, cross-border transactions and interactions. A key feature of the platform is BNRY, its unified digital currency designed to facilitate frictionless transactions among users, businesses, and service providers.

With agreements in place with seven major telecommunications companies and an expanding network of non-telecom partners, The Binary Holdings is establishing itself as a leader in decentralized digital commerce. The company’s infrastructure supports interoperability, allowing users and businesses to interact without barriers between platforms or national borders.

Launch of Millenia Digital Bank

As part of its expansion, The Binary Holdings plans to launch Millenia, a digital bank designed for cross-border payments and remittances, in Q2 2025. Millenia will offer a low-cost, fast, and transparent platform powered by The Binary Network’s decentralized infrastructure. BNRY will serve as the primary currency for transactions, underscoring the network’s focus on interoperability and accessibility.

Expanding Blockchain Ecosystem

The Binary Holdings is also collaborating with multiple blockchain networks to support decentralized applications (dApps). Partnerships with over seven Layer 1 and Layer 2 blockchains enable developers to access the company’s growing user base and infrastructure. This strategy aims to bridge the gap between Web2 and Web3, fostering the widespread adoption of decentralized technologies.

“The Binary Holdings is setting a new standard for global digital commerce,” said Siddharth Sahi, Chief Business Officer at The Binary Holdings. “With the launch of Millenia, support from ABO Digital, and our expanding partner network, we are committed to delivering innovative solutions that empower businesses and users worldwide.”

ABO Digital’s Support

Talal Samy, Investment Associate at ABO Digital, expressed optimism about the collaboration. “The Binary Holdings’ ability to scale and deliver real-world solutions aligns with our mission to foster the growth of decentralized technologies,” Samy said. “We are proud to support their efforts to drive Web3 adoption and create a more connected digital economy.”

Pioneering Decentralized Commerce

The Binary Holdings is positioning itself as a key player in the global digital economy, particularly in Southeast Asia and the Middle East. Its blockchain technology underpins innovations in decentralized finance, gaming, and digital commerce, creating a robust ecosystem that redefines business and payment processes. With a clear vision for mass adoption, the company is poised to lead the evolution of the decentralized digital economy.

The investment from ABO Digital marks a significant step in The Binary Holdings’ journey to mainstream adoption, with a focus on practical applications such as cross-border payments and decentralized commerce. The collaboration underscores the growing role of blockchain technology in shaping the future of the global digital landscape.

Floki and TokenFi Align Forces with Legends League Cricket Titans

Strategic Partnership Unveiled: Floki and TokenFi Align Forces with Legends League Cricket Titans the Manipal Tigers and the Bhilwara Kings

In a groundbreaking move set to resonate across the global cricketing landscape, Floki and its counterpart, TokenFi, have announced a strategic alliance with two iconic Legends League Cricket teams: the Manipal Tigers and the Bhilwara Kings.

This strategic marketing partnership represents a concerted effort to unleash the power of the Floki and TokenFi brands on the massive stage of over 700 million cricket enthusiasts worldwide.

As part of a comprehensive marketing campaign, Floki will take center stage as the back-of-shirt sponsor and primary upper-arm sponsor for the Manipal Tigers, while simultaneously, TokenFi will claim a prominent position as the back-of-shirt sponsor and leading upper-arm sponsor for the Bhilwara Kings.

Beyond traditional sponsorship, Floki and TokenFi secure a suite of marketing rights, spanning from assertive social media promotions to exclusive signed merchandise.

The upcoming Legends League Cricket event in India, scheduled between November 18 and December 9, 2023, will serve as the battleground for Floki and TokenFi’s prominence. With Floki featured prominently in the Manipal Tigers’ clash against the Gujarat Giants on November 20, and TokenFi making its debut in the opening match as the Bhilwara Kings face off against the India Capitals, the duo anticipates exposure in a total of 19 matches, captivating a global audience exceeding 700 million.

A novel twist to this collaboration will unfold on November 24th when Floki and TokenFi take the spotlight across opposing teams during the “clash of the tokens” style event, as the Bhilwara Kings challenge the Manipal Tigers.

This strategic marketing move not only propels the Floki and TokenFi brands into the limelight in India and South Asia but also bolsters their global legitimacy.

The Legends League Cricket matches will not only be broadcasted across India, Pakistan, Sri Lanka, and Bangladesh but will also enjoy extensive international coverage on esteemed platforms such as ESPN in the United States, BT Sport in the United Kingdom and Ireland, Kayo in Australia, and Etilsat in the MENA region.

Key Insights into Legends League Cricket:

Reaches over 700 million cricket fans worldwide, primarily in India and Asia, aligning with the anticipated crypto growth in the region.
Boasts an average TV rating 300% higher than any other international T20 league.
Draws 250 million live viewers globally.
Captivates over 450 million fans with ancillary Legends League Cricket content globally.
Attracts a robust male audience (91%), predominantly aged 18–34, presenting a perfect demographic for crypto messaging.

Additional Exposure for Floki and TokenFi:

Inclusion of Floki and TokenFi branding on match uniforms.
Floki branding displayed on fixed perimeter boards.
Floki branding showcased on giant screens during matches.
Strategic social media mentions and integrations across multiple platforms.
Exclusive usage rights for player images, team logos, and more.

In Conclusion: This strategic marketing move is a monumental step, introducing Floki and TokenFi to a global audience of over 700 million as the crypto market gears up for a bullish trend. It signifies just one of many strategic initiatives aimed at solidifying Floki and TokenFi as the foremost cryptocurrency brands worldwide.

Bitstamp secures license with the Financial Markets Authority in France

Bitstamp registers in France as a crypto exchange

One of the most sophisticated EU regimes has recognized Binance, Bitpanda, and Société Générale.

According to the regulator’s website, Bitstamp has officially registered with the Financial Markets Authority in France.

It joins Binance, Bitpanda, and Société Générale’s Forge unit in registering under the EU’s most sophisticated crypto regime.

During registration, the company’s management must be competent and reputable, and money laundering regulations must be met.

The Luxembourg-based, London-based, and New York-based Bitstamp has already registered in Spain and Italy. The European crypto sector is currently awaiting the arrival of the EU’s Markets in Crypto Assets regulation, MiCA, which imposes strict reserve and investor information requirements on crypto services, such as wallets and exchanges.

To bridge the transition to MiCA, French lawmakers are proposing to separate client assets and manage conflicts of interest for unregistered companies serving the French market in the wake of the FTX collapse.

BitMex Beginner’s Guide and Review 2019

Operating from Hong Kong, BitMex was founded in 2014 by web application expert Samuel Reed, ex banker Arthur Hayes and Ben Delo whose background spans across building high frequency trading systems. This dynamic trio brought over 40 years worth of financial experience to the project to provide investors and traders with access to the global market using only Bitcoin. BitMex incorporated in Seychelles and is unregulated in any jurisdiction at present.

BitMEX, short for Bitcoin Mercantile Exchange, takes inspiration from the CME group which is also known as the Chicago Mercantile Exchange.

At the time of writing BitMEX has surpassed all competitor exchanges with its daily trading volume exceeding $1.2 billion dollars (~200,000 BTC).

The majority of cryptocurrency exchanges accept a wide range of digital assets for making deposits into the hot wallet however BitMEX currently only allows Bitcoin. However this has little impact on its user base as it is targeted more at professional traders with financial experience. The products BitMEX offers are based around derivative trading, more specifically Bitcoin futures, perpetual contracts and BitMEX UP and BitMEX down contracts.

In short derivative trading is an agreement between two separate parties that requires one party to purchase the underlying asset (Bitcoin) and the other to sell that asset on a date in the future. This doesn’t have to be tied to a physical products but for the example below it is to make understanding the concept easier.

The best way to explain Bitcoin futures is using common day to day grocery shopping. If I gave you $20 dollars for 100 eggs ( Yup! I love eggs 🙂 ) the transaction is immediately settled, but with a futures contract the settlement is agreed at a specific time in the future for a set amount meaning two elements are the price and date of delivery.

For example a humble egg farmer may be worried that the egg consumption could drop or rise in the future for any reason and thus could take advantage of this by locking the price with the buyer which means a more financially stable company. The other party would agree to this price as they may think the egg price could change in their favour determined on the type of bet. Fast forward to the future, let’s say the consumer demand for eggs rocketed due to a health trend, this might mean the price of eggs drops as sellers try to shift as many eggs as possible, the farmer is not affected by this as he locked in the price with a futures contract.

The above example of a futures contract works exactly the same but for Bitcoin, it could be based on rumour, hearsay, demand, news, regulation or anything that affects the price of Bitcoin. It essentially opens an arena for various parties to bet on the outcome based on speculation.

How to Sign Up to BitMEX

To setup an account with BitMEX, users need to register on the website by providing an email address, password, country of residence and full name. Once you have activated the account through email you can proceed with trading as no KYC or AML checks are required to deposit or withdraw funds.

BitMEX currently does not allow traders from the United States to register as it does not function within the legal framework. This is not necessarily a bad thing but could be down to a number of factors such as over zealous regulations by the SEC. It has been noted on social media that people in the US are bypassing the IP checks with a VPN.

How to Use BitMEX

Users can trade a wide variety of digital assets including Bitcoin, Cardano, Tron, Bitcoin Cash, Ethereum, Litecoin and Ripple cryptocurrencies against fiat currencies such as Chinese Yuan, US Dollar and Japanese Yen.

Unfortunately if you are new to financial trading then BitMEX will feel overwhelming but for those who have dabbled with financial instruments before it is easy to get to grips with. We do not recommend using BitMEX as a beginner unless you are very well versed in leverage trading.

All trading instruments can be found by clicking the trade tab once logged in.

To open an orderbook click as specific asset such as Bitcoin from the top pane, this will display the most recent trades in the right hand side tab followed by the trading chart and orderbook to the left. The charts can be used to analyse historical trading data.

You will also notice in the top right a customise button which allows the user to choose their viewing preferences with full control of the orderbook widget, depth chart, price chart, recent trades and positions & open orders. The trading chart data is fed directly from TradingView which is a recognised and trusted 3rd party data platform.

When a user places a trade on the BitMex platform it can be viewed in the trading interface with the option to view active and filled orders including the stops which are in place. All active orders can be canceled by the user at any point with the analysis of whether it is in red or black

Futures and Swaps

As previously explained a Bitcoin futures contract will enable a user to sell or buy Bitcoin in the future at a predetermined price. Users can leverage up to 100x on these contracts.

Perpetual swaps are not dissimilar to bitcoin futures other than that they have no settlement or expiry date but they trade along with the underlying reference Index Price whereas futures diverge from the Index price.

Prediction based Binary contracts can be also traded but they settle at 0 or 100 and designed for making a bet on any given event. Binary contracts are traded with zero leverage, a 0.25% taker fee, a, 0% maker fee and 0.25% settlement fee.

Leverage

BitMEX also enables traders to margin trade where positions can be leveraged by placing orders larger than the users current balance which could lead to a higher profit.

However margin trading can be extremely dangerous for inexperienced traders as all profits can be quickly liquidated, meaning the amount of money in their wallet will be taken.

The maximum leverage a user can take out is 1:100 which is much greater than other exchanges who sit at 1:20

BitMEX Fees

For Perpetual contrats BitMex has a 00x leverage, -0.00250% maker fee, 0.0750% taker fee, 0.0100% long funding, short funding fee of -0.0100% with a funding interval of every 8 hours.

The traditional futures fees for all tradable assets have a similar maker fee from -0.0250% – -0.0500%, although the leverage varies from 20x for example with Tron right up to 100x with Ethereum.

Deposits and Withdrawals

At present BitMex does not charge fees on withdrawals or deposits. When a user withdraws Bitcoin, the minimum network fee is set automatically based on the blockchain load which is currently low.

Users can withdraw and deposit Bitcoin at their leisure with no limits although the minimal deposit is 0.001 BTC.

To withdraw or deposit, a QR coded address is displayed when clicking the “account” tab along the top pane.

Although a user can withdraw Bitcoin at anytime, BitMEX has implemented a cut off time set at 13:00 UTC which means if you process a withdrawal after that it will be completed the next working day. This has been designed to stop automated deposits and withdrawals by bots or hackers on the hot wallet and provides the staff with sufficient time to cancel any fraudulent withdrawals.

Is BitMEX Safe?

BitMEX states on its website that it does not compromise security for convenience with their ethos based on rigorous and well tested security measures to make the platform bullet proof.

The deposit and withdrawal system is multisignature which means each time this processes is initiated its then checked by the majority of BitMex partners to ensures its legitimacy. By using multisignature it prevents users funds from being accessed by a hacker if they manage to compromise the hosting server or database.

The BitMEX trading engines uses kdb+ which is a database and toolset used by major banks and other high speed financial trading platforms.

PGP encryption is used for all communication across the board

BitMEX Customer Support

BitMEX runs a mixture of support and contact methods including IRC, Reddit, Twitter, support tickets and email contact for dealing with customer enquiries 24/7 which has often been praised as responsive on reddit.

Customers can also access an extensive frequently asked questions section for basic enquiries they may have.

Conclusion

BitMEX has an established following among traditional Wall Street traders who are familiar with margin trading. The platform is not designed or marketed towards beginners who simply want to purchase Bitcoin. In fact this is not even possible at the moment as you must own/ deposit Bitcoin before using the platform. So if you are looking to trade with futures and take advantage of the 100x margin, BitMEX is for you!

We advise everyone to start with a small trade due to the high potential losses which can occur with the type of trading on offer.

Users with no prior trading experience whom are simply looking to buy Bitcoin or other cryptocurrencies we recommend stepping away from BitMEX, you may want to read our review on the Binance exchange which is more user friendly for beginners.

Pro’s

Great for experienced traders
Can leverage 100x
Fast trading engine

Con’s

Hard to use for new traders
Can loose funds quite easily if not familiar with leverage trading
Controls a large portion of the market

Thanks for reading our BitMEX review, if you would like to visit the website for more information please visit: https://www.bitmex.com or check out the Reddit for any community support queries here: https://www.reddit.com/r/BitMEX/

The top cryptocurrencies to invest in 2019

We think these altcoins should be part of your 2019 investment portfolio

Sia

The cloud storage industry is currently dominated by DropBox, Google, Microsoft and Amazon. These companies have taken the lion’s share of customers in the file hosting space however this is very likely to change. A small and fairly unknown blockchain startup going by the name of Sia aims to end this monopoly by redefining the technology and processes behind cloud storage.

The current methods of storage rely on massive data centres and server farms to both store and retrieve data. This centralised approach creates a number of issues. For example:

Control – One company having full control over your data.

Ownership – Who owns your data and how will they use it, sell it and profit off of it.

Security – Centralisation means bugs, malpractice and hackers can target very specific companies and infrastructure. In fact DropBox lost 68 customer million passwords not so long ago and for a short period of time and any user could access the data of other users at will.

Scalability – Each organisation needs to operate massive data centres to fulfill the storage and processing needs.

As these companies become even bigger the issues above become compounded.

The blockchain technology behind Sia is completely new for the industry and takes a more decentralised approach to solve the issues above.

When a customer uploads a file to the network it is automatically encrypted and split up into hundreds of tiny pieces. Only the uploader has the private keys to decrypt and view this data. All these encrypted pieces of data are then uploaded across many hosts and duplicated for impeccable redundancy.

With Sia storage is no longer controlled or owned by a company. Instead anyone can become a file hoster by leasing spare unused hard drive space to store encrypted data. File hosters and uploaders create a sort of digital handshake called a ‘smart contract’ which manages the storing of data between the two parties and pays the renter for the hard drive being used by the uploader.

With Sia clearly solving very real storage issues and making great progress with the project we believe it is a great time to invest in the project.

A $1,000 investment today would get you 113,000 Sia.

Ripple

Ripple takes blockchain technology and applies it to the traditional banking sector, resulting in trustworthy, verified, scalable, instant and cheap banking transactions.

For example the current Faster Payments banking service is an initiative between several banks to reduce the time of transfers between registered bank accounts. However transfers outside of that scheme take much longer and are routed through third party intermediaries. This process is not only risky but also labour and time intensive. Ripple solves these problems.

At the time of writing over 100 banks across the globe are trialling Ripple’s blockchain technology. Some of these banks include Santander, UniCredit and most recently the world’s largest Islamic bank, Al Rajhi Bank.

We think the technology behind Ripple will likely become the financial industry standard in the not too distant future.

Ripple has been within the top ten 24 hour volume across all cryptocurrencies and assets for several months now and it’s XRP currency has reached highs of $0.40.

A $1,000 investment today would get you 5,400 Ripple.

Stratis

The Microsoft backed Stratis platform is known as the C# equivalent to Ethereum. It enables programmers to produce decentralised, smart contract based apps very quickly and easily using a tried and tested programming language that has stood the test of time.

This opens it up to an already massive developer base with little to no additional learning required, giving it a clear edge over Ethereum.

Stratis is also poised to release its long awaited TumbleBit service and smart contracts in Q3 of this year and is developing the “Breeze Wallet”, a wallet feature that aims to boost privacy of both Bitcoin and Stratis users.

In the last month Stratis saw significant highs followed by a very quick drop. The coin reached all time highs of $11 but currently trades at $3. This is an ideal opportunity to buy in whilst the price is still low.

A $1,000 investment today would get you 160 Stratis.

Golem

Golem is on track to becoming the world’s first decentralised supercomputer. It utilizes the Ethereum blockchain to harness the unused/ idle power of millions of connected resources and turns it into sellable computing power.

Many companies and individuals require a service like this and currently have resort to small scale farms that can take days to process/ render and cost a small fortune.

For example games developers, film studios, data mining operations and medical researchers have to use vast amounts of processing power to complete very specific tasks. With Golem all these companies will have an always accessible, affordable supercomputer at their fingertips.

With its vast processing power Golem can also be used for making predictions across different industries such as betting, stock markets and even environmental changes.

Anyone with a computer can lease their unused processing power and in return get paid in GNT tokens. These tokens can be re-used, transferred to an exchange for trading or sold for more traditional currencies such as USD/GBP.

When taking a step back and assessing Golems end goal it offers a very unique investment opportunity not seen with any other project. It has many real world, life changing uses and the possibilities are endless.

Sitting at just $0.23 cents Golem is criminally cheap right now.

A $1,000 investment today would get you 3,500 Golem.

Monero

Monero is somewhat of a crypto veteran. The coin doesn’t mince its words and does one thing, albeit extremely well. It is currently the most secure and private coin on the market.

Anyone looking to make a safe long term investment would be wise to invest in it. The coin is seen as the ‘gold standard’ for privacy conscious users looking to stay permanently in the shadows. In fact Monero is in the top 5 most used cryptocurrencies for day to day purchases and traded across the Dark Web making it one of the few coins that is actually used as a currency.

A $1,000 investment today would get you 24 Monero.

Verge

Verge is an interesting (and possibly controversial) entry.

Like Monero it is aimed at users who take privacy seriously and combines Tor and i2p technologies to increase blockchain anonymity.

The project has one of the most active communities with a huge development team regularly ticking off new and exciting features on the roadmap. In June alone Seven major new features were pushed live.

Everything from Tor based Android wallets to RSK Smart Contracts are planned for July making this coin one to watch, especially at its current price. Despite recent price volatility the project is moving at a very quick pace and we believe this will be reflected in its price very soon.

So that’s it! There are many other projects we would have liked to add and others that ‘sound great’ (ICO frenzy anyone!!). As these projects mature and show their progress they will also be assessed and our verdicts shared. Good luck.

A $1,000 investment today would get you 324,000 Verge.

KuCoin Blockchain Asset Exchange Announces Decred DCR As Part Of Their Network

Today, KuCoin blockchain asset exchange is thrilled to announce on its latest listing of another promising project Decred, an autonomous digital currency.

Decred’s native token DCR is now available for deposit with trading pairs including DCR/BTC and DCR/ETH. Buying commence at 19:30 UTC+8 while Selling/Withdrawal at 20:00 UTC+8.

All trading activities are done utilizing their Android and iOS apps, or through their official site, www.kucoin.com.

About Decred (DCR)

Decred (DCR) is an autonomous digital token where its stakeholders are part of the decision-making as it has a decentralized and sustainable highlight giving the term as “a self-ruling token.” This cryptocurrency has organized its priorities as having decentralized administration and the creation of settlements on the blockchain.

How Decred (DCR) Run

Decred uses an advance hybrid Proof-of-Work and Proof-of-Stake to validate the blocks accessible. Therefore, the stakeholders or the token holders are contributing the approvals to the coin miners buliding the blocks for rewards. It is a unique system as it ensures that the miners are not there just for the short term profits on their investment on their hardware.

The Core Team

Decred had a humble beginning as it started as a projection established in April 2013 by Adam Mckenzie. The present project leader and CEO of Company Jake Yacom-Piah accumulated, developed and launched Decred in March 2014.

Over the past years, it has collaborated with many other members into its team with the lead developer Dave Collins. The team focuses and fully involves in developing Decred be the first ever Decentralized Autonomous Entity.

Blockbank Announces Key Banking Partner during ICO

Spire Bank, will be instrumental in facilitating a wide variety of international Crypto banking activity in association with Blockbank

Blockbank has purchased a stake in Spire bank & declared a strategic FinTech partnership, as a means to provide an international Crypto banking services. One of the leading commercial banks in Kenya, Spire Bank, will be instrumental in facilitating a wide variety of international Crytpto banking activity in association with Blockbank — to present the world’s first fully licensed crypto bank with low-cost funding availability.

Spire Bank, Headquartered in Nairobi top commercial banking entity, fully licensed by the Central Bank of Kenya is valued at having total asset worth of around 180million USD. Originally established as a finance company in 1983 and later commencing operations as a fully-fledged commercial bank, Spire Bank brings a wealth of FinTech knowledge and experience to the table to assist Blockbank in their endeavour. With 350,000 existing customers and a firmly-established high quality reputation, the prestigious Kenyan bank provides a solid foundation for Blockbank’s first step into supplying secured and affordable financing options for emerging economies.

This ground breaking partnership will initiate integration of commercial banking services into crypto entities, businesses, and governments globally – creating dynamic access to more affordable funding opportunities to accelerate economic growth.

The strategic FinTech partnership with Spire Bank will see the incubation of a DDMS smart contract blockchain system – the backbone of Blockbank’s platform – enabling Blockbank to provide lower cost funding solutions via Spire Banks’ infrastructure. With the capacity to provide a plethora of international banking services, Spire Bank is predicted to be a real asset to the Blockbank assembly, driving the expansion of global banking capabilities for both parties.

The collaboration of these two organizations will be a major breakthrough in fostering the development of low-cost funding options for governments and commercial entities worldwide – particularly in developing economies without current access to these services. In many developing countries, borrowing is still very expensive; with rates sometimes hitting 20%. In some countries borrowing is so expensive, the borrower has to pay enough money to pay the whole loan in 5 years just in interest payments.

Block Bank’s ICO is currently in the ICO stage, which lasts until 28th October. Token value will be driven by the demand of loans they process: The project will distribute issued tokens in the following way,

28,800,000 tokens dedicated towards the ICO sale (72% of the total tokens);
8,000,000 tokens dedicated towards the treasury (20% of the total tokens);
2,000,000 tokens distributed amongst advisors (5% of the total tokens);
1,200,000 tokens will be a bounty reward (3% of the total tokens);

A staggering $12,830,000 worth of their BBRT tokens has already been sold during the pre-ICO phase.

Tokens available on the Block bank website: https://TheBlock-Bank.com/

One Million gamers set to embrace PlayChip’s new blockchain token

PlayUp, the Australian-based gaming firm behind one of the most promising token sales this year has already clocked over one million users across its ecosystem before the forecasted date.

The platforms universal gaming token, PlayChip will revolutionise the online gaming industry when integrated into its seven platforms which are already fully licensed with a growing user-base.

When the blockchain platform launches on the 19th of December 2018 the user-base will be able to participate in the seven different gaming platforms whether they are looking to take part in sport betting, casino games, fantasy sports or eSports, it will all be streamlined with the PlayChip token.

PlayChip’s ecosystem has gained traction in the USA, UK, Australia and India with a presence in 70 countries around the world.

The initial coin offering has bucked the current trend of projects launching with merely nothing more than a website, PlayChip have done this with what’s called a ‘reverse-ICO” whereby the current ecosystem is tokenized and integrated into a fully operating business with a user-base and revenue.

“PlayChip is truly a unique token offering because while others write white papers about potential audiences and hypothetical use cases, PlayChip is well positioned with a very active global audience on multiple platforms that are already part of the PlayChip family,” Luke Lombe, Head of Blockchain with PlayChip said.

“The team at PlayChip are thrilled about hitting the million-user mark earlier than expected, and we look forward to continued strong growth. We are in the middle of our pre-sale and very much focussed on delivering a quality product that surpasses the expectations of our loyal following.”

The seven gaming platforms in the PlayChip ecosystem include PlayUp, DraftStars, Betting.Club, ClassicBet, TopBetta, MadBookie, and 123Bet. All players will be able to seamlessly move between platforms via the integrated PlayWallet and instantly cash out via the PlayXchange. In FY2018, these platforms are on track to exceed a turnover of US$430 million.

For more information, please visit: https://www.playchip.global/ or read the PlayChip Whitepaper: https://www.playchip.global/wp-content/uploads/2018/08/PlayChip-Technical-Whitepaper.pdf