Cryptocurrencies are the talk of the town these days, and investors and programmers around the world are searching for systems that will provide the greatest level of support and return. One such currency, NEO, has the makings of the largest and most important cryptocurrency in the world.

The cryptocurrencies that most people are familiar with are Bitcoin and Ethereum. Bitcoin has been in the news because of the recent fork in the currency, resulting in Bitcoin Cash. However, the blockchain that Bitcoin is supported by is limited in its effectiveness for creating and running programs. In fact, only currencies and not programs are not possible on the Bitcoin blockchain.

Ethereum was invented four years ago as a way to both monetize the blockchain and allow for programmers to build apps and programs on the chain itself. Ethereum is both a cryptocurrency (ETH) and a blockchain that allows for smart contracts and some programming languages. Built by Vitalik Buterin, Ethereum still retains the anti-establishmentarianism of Bitcoin, while allowing for more programming and transaction applications.

NEO is the new name for the upgraded version of Antshares, a digital platform developed in China. NEO is a radically different and more powerful version of Antshares and presents massive opportunity for investors and programmers alike.

To begin with, NEO creates a unique digital economy around its token. NEO is a full integration of digital assets, digital identity, and smart contracts, creating a fully digitized economy that will be transparent and safe, and make money laundering and underground dealings difficult or impossible. Because of the ability of the new NEO blockchain system, companies and developers will be seeking to use NEO for various applications. The proliferation of smart contracts will make investment on the NEO platform simple and safe.

Second, NEO is unique among blockchain cryptocurrencies because of the versatility of the blockchain it is based on. Unlike Bitcoin, which only allows for the cryptocurrencies and no programming, NEO is very simple to learn and understand (unlike Ethereum), and has the ability to work with nearly every (90%) programming language available. NEO uses compilers compatible with Java, C#, and .NET, and will support Python, Go, and others in the near future. Unlike Ethereum, this diversity allows for a far more complex array of programs and apps that can be run on the NEO blockchain, and opens doors for extensive partnerships. With ease of learning and robust compatibility, NEO is poised to overtake Ethereum and others as the blockchain of choice.

Third, NEO is different philosophically. Rather than seeking simple rejection of the overall control of governments, NEO is designed to work within the framework of existing government control, while still providing freedom and autonomy to its users. This is a far more realistic perspective than the anti-government rhetoric of other blockchains, and will result in far greater investment and acceptance.

Fourth, NEO is not based on a proof-of-work mechanism, and so there is no mining necessary. This has been a huge detriment to both Bitcoin and ETH, as mining is so energy intensive and public opinion is turning against miners and the blockchain systems they support. NEO utilizes an ether-gas system for production and continuation, but protects the environment against over consumption of energy.

NEO, though relatively new, has already entered the top ten list of cryptocurrencies based on overall market cap. While this may seem like a small feat, a newer coin that has been recently released never enters the top ten in this way. NEO has had an explosive beginning as a cryptocurrency.

The future for NEO is bright, as the world begins to understand the complexity and simple elegance that is built into the NEO blockchain system. NEO will continue to gain market share (as already evidenced), and may surpass even Bitcoin in terms of its market share. As companies, investment firms, programmers and others realize the power and versatility of NEO, it may well grow to be the largest cryptocurrency in the world. Its design and features have positioned NEO to be massively successful in the coming years.

Brian is an international speaker and branding expert. Say hi to Brian at connect@brianrashid.com

The Morning Email

Wake up to the day's most important news.

See the article here:
Can NEO Become The Largest Cryptocurrency in the World? - HuffPost

Nvidia is riding high on the boom in cryptocurrency mining, according to the graphics card (GPU) manufacturer.

Revealedyesterday, the California-based company'ssecond-quarter earnings wereup 56 percent year over year, with its GPU division taking in $1.9 billion during the second quarter a rise of 59 percent compared to the same period in 2016.

Nvidia CEO Jen-Hsun Huang struck a bullish tone about the prospects for selling to would-be miners, tellingVentureBeat:

"Cryptocurrency and blockchain are here to stay. Over time, it will become quite large. It is very clear that new currencies will come to market. Its clear the GPU is fantastic at cryptography. The GPU is really quite well positioned."

The firm's CFO, Colette Kress, echoed the remarks in statements, citing rising values in the global cryptocurrency market as a primary driver for GPU sales.

"Our PC OEM revenue includes GPUs designed for mainstream desktops, notebooks, and cryptocurrency mining," she said. "The recent rise in crypto coin prices resulted in increased demand in OEM GPU sales."

Huang's comments stand in contrast to those from rival GPU maker AMD, however. Last month, CEO Lisa Suindicated that the company doesn't see a long-term future for sales in the miningmarket. That aside, she indicatedthat hercompany would "continue to watch the developments" in the space.

Recent months have seen growing demand for GPUs from cryptocurrency miners, who usethe cards to add new transaction blocks to a blockchain and receive newly minted coins as reward. GPUs are used to mine cryptocurrencies like ethereumand litecointhat use the "scrypt" hashing algorithm. Bitcoin, by contrast, is chiefly mined today using dedicatedhardware called ASICs.

Jen-Hsun Huang image via Flickr/BagoGames (Creative Commons)

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [emailprotected].

See the rest here:
Nvidia CEO: Cryptocurrencies Are 'Here to Stay' - CoinDesk

The total value of all cryptocurrencies set a new all-time high today, rising above $126 billion for the first time in history, according to data from CoinMarketCap.

The new benchmark was set at 8:00 UTC and comes just four days after the crypto asset class set aprevious recordabove $116 billion.

At press time, the price increase appears to be driven by a new influx of capital into bitcoin, the markets oldest and perhaps best understood asset. Over the last seven days, the value of one bitcoin is up more than 20%, rising to over $3,500 from $2,854 last Friday.

During that time, the total value of its coin supply also rose, climbing in value to $57 billion from $47 billion a week ago.

Strong gains have also been seen in the top-10 cryptocurrencies by market cap.

Neo (formerly Antshares), a well-publicized project out of China saw its market capitalization pass $1 billion for the first time. Over the past seven days, it has seen its market capitalization rise to $1.7 billion, up from $550 million, as its price per coin climbed to $34, up from roughly $10 seven days ago.

Elsewhere, IOTA also rose to $1.7 billion, up from $1.1 billion, while ether, the native cryptocurrency on the ethereum blockchain, increased its total market cap to $28 billion, up from $21 billion aweek ago.

But that's not to say all cryptocurrencies have seen such big movementsduring the period.

Bitcoin cash, the cryptocurrency created in last week's bitcoin fork, added little new value to its market, inching up to $5.4 billion, from $5.1 billion a week ago.

Hot air balloons image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [emailprotected].

Go here to read the rest:
$126 Billion: The Cryptocurrency Market Just Set a New All-Time High - CoinDesk

The National Bank of Ukraine, the country's central bank, has indicated it may soonseek to regulate the use of cryptocurrencies.

While a clear outline for the initiative is still absent, in its latest announcement, the central bank said the legal implications of cryptocurrencies will be discussed at the next Financial Stability Board of Ukraine meeting at the end of August.

The decision comes at a time when Ukraine is seeing increased bitcoin activity, from payments to mining to blockchain development, but also when regulatory uncertainty hasled its law enforcementto take steps to reprimand bitcoin users.

Just days ago, Ukrainian police arrested several suspects who allegedly set up 200 computers to mine bitcoins at an abandoned swimming pool withina state institute in Kiev.

According to local media Kyiv Post, the court documentaccused the suspectsof illegally taking advantage of state property, and producing a currency, which is currently a function only the National Bank is legally allowed to do. Further, the law also states that no other currency besides theUkrainian Hryvnia can be treated as legal payment in Ukraine.

Citing the different approaches taken by other countries in defining cryptocurrencies, the banking authority will now begin itsdiscussion withthe Ministry of Finance, State Fiscal Service, the State Financial Monitoring Service, Securities and Stock Market State Commission and the National Commission for the State Regulation of Financial Services Markets.

Ukraine imagevia Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [emailprotected].

Continue reading here:
Ukraine's Central Bank Moves Closer to Cryptocurrency Regulation - CoinDesk

Sensay, a bot that connects people with other people for anonymous advice, announced today plans to launch an Ethereum-based cryptocurrency called SENSE.The bot currently has hundreds of thousands of monthly active users, founder Crystal Rose told VentureBeat earlier this year. Token sales will begin Oct. 10.

Sensay has been used by 3 million people since its launch as an SMS bot in 2015.

In an interview earlier this year, Rose told VentureBeat Sensay views monetization as a priority in order to provide its human network of advice givers incentive to use the bot and continue to offer advice on subjects ranging from relationships (most popular) to where to find dank memes.

Today, advice givers can receive tips in the form of tokens, and roughly 20 million coins have been awarded already. Once SENSE becomes available, coinholders will be immediately rewarded in a 1:1 basis, a Sensay spokesperson told VentureBeat in an email.

The currency may be made available to bots, apps, and services beyond Sensay in the future, a company spokesperson told VentureBeat.

SENSE is the second cryptocurrency launched for the bot ecosystem in recent months. This spring, chat app Kik announced plans to create its own cryptocurrency called Kin.

Sensay is currently available on Facebook Messenger, WeChat, Slack, Kik, Skype, SMS, iMessage and Telegram.

See the article here:
Sensay advice bot to launch Ethereum-based cryptocurrency - VentureBeat

Nvidia Corp. Chief Executive Jensen Huang summed up the chip makers view of cryptocurrencies in a single phrase Thursday: rock n roll.

Thats how Huang described his companys ability to ride out what he sees as a blossoming market for his companys graphics cards in mining the digital currency.

Crypto is here to stay, and the market will grow to be quite large, Huang said Thursday on the companys second-quarter call with analysts. Its not likely to go away any time soon. There will be more currencies to come, they will come from different nationsWe stay very close to the market, and understand the dynamics very well.

Dont miss: Intel earnings have message for Nvidia and AMD: Bring it on

Nvidia NVDA, -4.28% detailed quarterly results Thursday that beat expectations handily for sales and earnings, but the stock plunged more than 6.5% in after-hours trading following an already punishing day during the regular session. The companys shares are still up more than 50% this year, against the S&P 500 indexs SPX, -1.45% gains of 8.9%, as investors bet on Nvidias artificial-intelligence efforts to pay off in server and autonomous-driving sales.

Huang seemed to think crytpocurrency mining could add another long-term growth area to Nvidias bull case Thursday, and hinted at products developed specifically for those efforts, telling analysts on the call that the company offers the coin miners a special coin-mining SKU that is optimized for mining.

When asked whether the CEOs comment confirmed the rumored development of specific cryptocurrency products, an Nvidia spokesman declined to comment.

Analyst Patrick Moorhead of Moor Insights and Strategy told MarketWatch that he didnt believe that Huang was suggesting new cryptocurrency products, but rather offerings that partners in the sales channel were developing with Nvidia chips. Moorhead pointed out that there is at least one card based on Nvidias Pascal architecture that is manufactured by Asustek Computer Inc. 2357, -1.90% and marketed to cryptocurrency miners.

That is a similar approach to how Nvidia rival Advanced Micro Devices Inc. AMD, -5.53% is approaching crypto mining, but Nvidia sounds much more optimistic on the long-term prospects for customers seeking to mine digital currencies.

Some of our partners are also offering mining-specific cards that have a different feature set, such that were really segmenting the market between gaming and mining, Su said on her companys earnings call last month. But its important to say we didnt have cryptocurrency in our forecast, and were not looking at it as a long-term growth driver.

AMD also beat earnings expectations thanks to a boom in cryptocurrency mining that uses graphics-processing units. The development of new digital currencies beyond Bitcoin over the past few months, particularly on the Ethereum blockchain, have seemed to drive sales of the two companies GPUs.

See the original post:
Nvidia more bullish on cryptocurrency than AMD - MarketWatch

Yesterday, I presented the case that you can make a fortune in cryptocurrencies. I dont think Ive ever seen anything quite like it in my career.

And the good news is that you dont need to know anything about Bitcoin or any other cryptocurrencies to take part in the bonanza.

In fact, what I call penny cryptocurrencies are one of the last legal ways for small investors to grow rich, starting with a small initial grubstake.

Consider

On Friday, March 17, 2017, a tiny little cryptocurrency called EnergyCoin was trading at a little over one third of a penny. The exact price was .003578 of a dollar.

Then a powerful super-spike struck and over a 99-day period EnergyCoin skyrocketed to 34 cents. Thats a whopping 9,566% gain enough to turn a $1,000 investment into a staggering $95,660.

Or imagine if you had a good feeling about EnergyCoin and put down $5,000

You could have collected $478,300. Thats over $4,800 a day for 99 days straight. Double that starting stake to $10,000, and youre looking at close to a cool million from one single trade.

Thats like earning a $9,662 salary per day for more than three full months!

Now I hope you can you see why Im so excited about the unlimited potential of these super-spikes in cryptocurrencies.

Practically every day, Im seeing astronomical gains of 300%400% even 3,000% some in as little as 24 hours.

Heres another opportunity that came along

On November 20th, 2013, a cryptocurrency by the name of Freicoin was ripe for the picking. Shares traded for fractions of a penny.

10 days later, shares exploded to 33 cents each. Even a small investment was a moon shot.

Had you put $5,000 into this cryptocurrency play, you would have earned yourself a fantastic sum of $291,500. Thats a gain of 5,820% in just one simple move.

But heres where it really gets interesting

Lets say you put all that money into another little-known cryptocurrency named Digitalcoin.

On December 14th, 2013, just 14 days later, you couldve earned five times your money.

Youd be rewarded with a massive sum of $1,489,565.

That would have made you a millionaire in just 24 days. And with just two simple moves.

Now lets take it up a notch

Imagine you make one final perfectly timed move

Had you rolled your money into a cryptocurrency by the name of Worldcoin that was trading for just pennies on the dollaryoud have made another 300% in short order.

Thats enough to turn your initial stake of $5,000 into a landslide lump sum of over four million dollars.

$4,021,825 to be exact.

Thats three buys and three sells. And a starting stake of just $5,000 wouldve turned into more than $4 million dollars.

Beats working for a living, right?

OK, but lets be completely honest

For every winner, there are probably 100 more cryptocurrencies out there that are nothing but duds. Right?

Thats why in order to win in this market and to win big you need to be able to separate the real deal from the losers.

To do that, you need someone who knows the cryptocurrency markets through and through.

Ive made my bones as a venture capitalist. And I know markets pretty darn well, if I do say so myself. Ive put in my time at Morgan Stanley, Ive worked in Silicon Valley, I appear on the financial shows, Ive checked all the boxes.

But I knew that I needed to partner with a true expert in this field if I wanted to master cryptocurrencies. And from the moment I saw this market explode

I knew exactly who I wanted as my secret weapon for this new project of mine.

The thing is, I just didnt know if hed agree to do it. And Ill tell you this he wasnt easy to get.

It was a pursuit that took me months of time and all the persuasion I could muster.

Sure, he earned a degree in mathematics from the world-renowned Trinity College, Cambridge. And hes got a Harvard MBA.

To top it off, hes been tenured as an advisor to the U.S. Treasury Department.

And hes got more than four decades of experience in the creation of new money across the world. For instance

When former Yugoslavia broke into six countries, including Macedonia, these countries needed currency. But more than that, they needed currency worth something.

Thats where this cryptocurrency genius came in

The U.S. government sent him over not only to launch the currency, but to make it valuable. After all, anyone can launch a currency. But to make it valuable is something else altogether. Just ask Zimbabwe.

To make a long story short, our man succeeded.

He saved the Republic of Macedonia, with a special type of money move that netted the nation a whopping $600 million.

Another time he worked with the World Bank to create an entirely new type of currency transaction. And in just seconds, he pulled $11 million out of thin air.

Imagine having nothing one day, and the next day having a bank account with $11 million or even $600 million.

Its all possible when you have both the right opportunity (the cryptocurrency markets) and the right know-how (like our expert).

Since that time this genius has been called on by big banks to find ways to profit from the newest, fastest-moving markets available.

But despite all that attention, I just had to get him for my project

I didnt just want any old Wall Street suit, government academic, or banking insider to head up this project with me.

After all, there are a lot of academics and insiders Ive met that are lousy at making money. Instead, I needed someone proven to have both the academic background and the investing chops to hand-pick the biggest winners.

Thats what this genius brings to the table.

And anyone who knows me knows that I never recommend blindly investing in anything, no matter how good it looks on paper.

Thats even more important when it comes to these crypto super-spikes. Thats because a lot of the money being made in these currencies is based not just on technology, but complex sequences of math.

And separating the wheat from the chaff can only be done by someone who understands both mathematics and money.

Thats exactly what this secret weapon understands, like no one else.

When you get that combination right, the potential is unlimited. Thats how investors get to pocket 12 times their money on CorgiCoin in 35 days or

39 times their money on MojoCoin in 2 days or 144 times their money on Friecoin in 11 days.

So heres the bottom line:

Im happy to report that after earmarking $2.2 million, and after hundreds of emails and phone conversations (and more than a little bit of persuasion on my part)

I finally got a binding agreement that secures this cryptocurrency genius time and expertise over the coming years.

I officially locked him into my team.

The main reason I handpicked this man was for his ability to predict massive currency movements before everyone else.

I can honestly say my secret weapon is one of a handful of people in the entire world who has actually created a real, tradable currency.

And thats a mega-advantage in this market.

As youve seen, these cryptocurrency super-spikes can deliver life-changing gains, lightning quick.

They key is finding the handful of candidates with unique characteristics, untapped market demand and an upcoming catalyst destined to launch them into the mainstream.

Thats exactly what were doing right now. Our A Team is in place and hard at work. And I can confidently say that there are fortunes waiting to made over the next month alone.

For cryptocurrencies, the future is now.

And this is your invitation to that future.

Regards,

Louis Basenese for The Daily Reckoning

See the original post:
For Cryptocurrencies, the Future is Now - Daily Reckoning

A Bitcoin company has finally attained the "unicorn" title, an honorific bestowed upon startups valued at more than $1 billion.

Coinbase , a brokerage that established itself as one of the biggest brands in a now-booming cryptocurrency market , has raised $100 million at a private valuation of $1.6 billion that includes the capital raised, the company tells Fortune. The venture capital firm Institutional Venture Partners led the round with participation by Spark Capital, Greylock Partners, Battery Ventures, Section 32, and Draper Associates.

Coinbase had for months been rumored to be raising around $100 million at a valuation of $1 billion or more, as the Wall Street Journal reported in June. That deal, its fourth, is now final.

In previous rounds, Coinbase had raised a total of $117 million at a private valuation approaching $500 million, as Fortune reported . That sum already made it one of the most well financed Bitcoin ventures around, next to Circle and 21.

Get Data Sheet , Fortunes technology newsletter

Coinbase has been riding a wave of interest in cryptocurrencies in recent months. Virtual currency prices exploded this year with the resurgence of Bitcoin now trading at more than $3,400 per Bitcoin, well above its previous 2013 highs in the $900 rangeas well as the ascent of Ethereum , a rival cryptocurrency network that, for one thing, allows people mint and sell their own digital tokens .

Overall, the total market value for cryptocurrencies and tokens combined has soared to more than $120 billion from just under $20 billion at the beginning of the year. This exuberance has led many industry watchers to warn of a possible bubble .

Founded in 2012, Coinbase started as a Bitcoin wallet service that helped customers stash their digital wealth. The company later moved into the brokerage space, opening online exchanges where traders can swap or sell crypto coins.

This year has been a banner year for Coinbase. According to the company, it has facilitated the exchange of more than $25 billion in digital currency to date, five times more than the total sum it processed from its founding through the end of last year.

On Wednesday, Fidelity Investments, the asset manager, added the ability for customers to view the cryptocurrency holdings in their Coinbase accounts on its own website.

During the recent Bitcoin blockchain fork in which a faction of the network broke off and created a new currency, Bitcoin Cash, some customers blasted Coinbase for saying it did not intend immediately to support the new money. Eventually, Coinbase reversed course and agreed to allow users to access their potential Bitcoin Cash holdings at the start of next year.

Coinbase has also been battling an IRS inquiry in recent months that seeks information about cryptocurrency buyers and sellers for tax purposes. The agency most recently said it would exempt people from the probe who transacted less than $20,000 in digital currency.

These hiccups haven't slowed the company's pace. Coinbase said it would put the newly raised money toward bolstering its engineering and customer support teams, opening a New York office for its professional trading operations, and continuing to develop Toshi, an Ethereum-based messaging and wallet app that it debuted last year.

Coinbase isn't the only recent benefactor from crypto mania that has lately gripped the world. GV, the venture capital arm of Alphabet , formerly known as Google Ventures, recently led a $40 million funding round for Blockchain , a cryptocurrency wallet provider based in London. Other investment firms like Andreessen Horowitz, Union Square Ventures, and Sequoia have been backing so-called crypto hedge funds, like Polychain Capital and Metastable , that invest in digital tokens and cryptocurrencies too.

Continued here:
Coinbase Becomes First Bitcoin 'Unicorn' - Fortune

Viacheslav Semenchuk, a Russian entrepreneur, has just launched a cryptocurrency for Jews.

Similar in concept to Bitcoin, it is called BitCoen, "the first Kosher cryptocurrency," as described on the company's Russian website. In the US, Coen and its variant Cohen are common surnames in the Jewish community; in Hebrew, they mean priest.

Semenchuk, according to RT, has invested $500,000 in the project and hopes to raise as much as $20m through an initial coin offering that aims to sell 100m worth of BitCoen digital tokens to investors.

With that much market capitalization, BitCoen would rank at about 115th among the more than 1,000 cryptocurrencies tracked by coinmarketcap.com. Bitcoin's current market cap is about $55bn.

The company began a pre-sale through its website on Wednesday, offering 300,000 BitCoen (under the abbreviation BEN) at a price of $0.75 per token. It expects to launch a wider offering in October.

"Our team came to the conclusion that the Jewish community is the world's only community within the framework of which a full-fledged and self-sufficient cryptocurrency can be created and recognized by the whole community," said Angelika Sheshunova, COO of BitCoen, in an email to The Register.

"We expect that the cryptocurrency will cover all Jewish communities around the world. And the main guarantor of stability here is that the keys from the management of the cryptocurrency will be in the hands of the most respected members of the community."

Sheshunova said there's no way to guarantee that only members of the Jewish community will use BitCoen. "However, the functionality of the system and the inherent features are most appealing to the members of the Jewish community," she said.

Said features include a plan to give 10 per cent of released coins to Jewish organizations as "tzedakah," or charity, and governance by a six-person community council.

Sheshunova explained, "Important decisions in the system are made by the 'council of six.' Each of them is well-respected in the Jewish community, and will represent their preferred course [in] business, politics, finance, technology, public service, [and] culture."

BitCoen will be "a completely new blockchain with its own architecture, its own security and special functionality," according an emailed quote that Sheshunova attributed to Andrei Nedobyolsky, CTO of the project.

That name returned no results in Google, Bing, or Yandex. The Register asked if BitCoen could provide more details about Nedobyolsky's technical qualifications, but has not heard back.

According to Sheshunova, BitCoen plans to make some of its code available, eventually. "In accordance with the ideology of blockchain, we plan to share some of the code that is critical for system users, with requirement specifications of security, transparency and functionality," she said. "However, this will be done after the launch of the main elements of the system."

BitCoen's lack of technical clarity appears to be matched by its muddled public communication. On Wednesday, the firm published a post in Russian on Medium to dispel what it characterized as a fiction about its project.

The post states that BitCoen is still negotiating with the Chief Rabbi of Russia (there are apparently two at present) and Jewish community leaders about potential involvement with the project. It also suggests that the currency will be controlled by those participating in the community and not just Jews.

"All media statements that 'the currency is controlled by the Jews' we consider unconcrete and far-fetched in order to increase the readability and popularity of articles and materials, where these statements are applied," the post says, as rendered by Google Translate.

Sponsored: The Joy and Pain of Buying IT - Have Your Say

Continue reading here:
At last, a kosher cryptocurrency: BitCoen The Register - The Register

Blockchain projects listed on Cofound.it will see their tokens automatically approved for integration into Jaxx, a multi cryptocurrency and digital token wallet. A new partnership formed between the two companies is intended to support and promote the best and most innovative projects in the blockchain space by improving their tokens liquidity.

This will mean the crypto community has immediate access to hold, transmit, and swap some of the worlds best cryptocurrencies natively and securely within their Jaxx wallet, said Jan Isakovic, CEO and co-founder of Cofound.it.

Singapore-based Cofound.it provides a blockchain-powered platform that connects startups with investors and experts for funding and advice. It aims to create a full startup ecosystem, using the power of the blockchain to fuel interactions, Isakovic told Reuters.

We believe that the key advantage of token crowdsales are not funds collected, but the fact that the funds come from engaged supporters. They act as evangelists and early adopters, helping fuel very fast initial growth when compared to traditional startups.

The platform intends to become the place where the best startups in the blockchain industry go to expand their potential and find investment. It would also be a venue where experts with proven track records offer their expertise, and where investors go to find the best projects to support.

Cofound.it distributes its own cryptocurrency called CFI, which holders can use to pay for services on the platform such as early access to listed token crowdsales, and project submission. CFI are also used to pay partners and experts who participate and contribute on the platform.

Besides Cofound.it tokens, others that will launch directly into the Jaxx wallet include Santiment, Maecenas, Musiconomi, Digital Assets Power Play, and X8currency, the companies said.

Anthony Di Iorio, founder and CEO of Jaxx and Decentral, said the partnership with Cofound.it gives a stamp of approval to the currencies and projects hosted and trading within our ecosystem.

We are confident that through our partnership with Cofound.it, Jaxx will help to bring greater stabilization and further growth to the entire blockchain community via our universal command center for universal technologies which is needed to mature the nascent crypto market, he added.

Jaxx is currently undergoing a significant platform expansion with more tokens integrations to come in the near future. Jaxx currently supports Bitcoin, Ethereum, DASH, and Litecoin, among other cryptocurrencies.

The wallet also enables crypto-to-crypto exchange with in-wallet conversion via Shapeshift.

See the original post here:
Cryptocurrency Wallet Jaxx Announces Support for Cofound.it-Approved Tokens - CoinJournal (blog)