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Bitcoin Battle: Weiss Responds to Industry Outrage about C+ Grade; Reveals Factors and Data Behind Rating

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Weiss Ratings

PALM BEACH GARDENS, FL — In the midst of a heated controversy over its C+ grade for Bitcoin, Weiss Ratings responds today to industry outrage with a 14-page report revealing key factors and data behind its rating.

One industry leader tweeted: “Any rating that doesn’t give Bitcoin an A has some screws loose.” Others said the Bitcoin’s C+ is “laughable.”

“For investors,” responds Weiss Ratings founder Martin D. Weiss, PhD, “an A rated crypto would be one that rarely crashes, and right now, there’s no such thing. But we do understand where developers are coming from. They tell us they don’t care about market fluctuations. They feel our ratings should reflect strictly the quality of their work and its relative success in the real world.”

Aiming to address both audiences, the Weiss model combines four sub-models: Risk and Reward, adapted from its stock and ETF ratings, plus Fundamentals and Technology, which are unique to cryptocurrencies. Here’s how Bitcoin performs on each:

Risk and Reward. Bitcoin investors have recently made less than altcoin investors, while continuing to experience the risk of extreme volatility.

Fundamentals. Due credit is given for adoption and security, but Bitcoin loses points on network congestion with just four transaction per second and high fees of about $10 per transaction. In addition, the top five miners control some 70% of total hashpower, also a negative.

Technology. Bitcoin lacks the governance needed for prompt upgrades and is falling behind in a rapidly evolving industry.

Another industry criticism is that Weiss overweights price volatility. “Not so,” he says. “Our model accurately reflects an inconvenient truth about the market’s extreme swings. But our ratings are continually updated. If prices stabilize or speed enhancements are rolled out successfully, an upgrade is possible.”

The Weiss Ratings report, “Bitcoin Rating Controversy: Why We Give It a C+,” is now available online. Those wishing to subscribe can visit this page.

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Australian Startup Launches Crowdsale to Revolutionise The Sex Tech Industry

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exolover

A new crowdsale was launched on June 29, offering token holders the opportunity to buy EXO tokens and to become part of a new sexual revolution. ExoLover is a new blockchain-powered adult entertainment venture aiming to end sexual repression and promote sexual empowerment. Prospective participants in the crowdsale can register now.

ExoLoverExoLover is aiming to become the world’s first sex tech manufacturer to integrate a range of wearable sex toys with a platform built on the blockchain, powered by its own crypto-asset – the EXO token. Having surpassed the soft cap in a few days of launching the pre-initial token generation event, ExoLover Pty Ltd is now ready to hold the main sale to grow the community and potential user base. Inclusivity is at the core of ExoLover’s vision and with blockchain and cryptocurrencies set to revolutionise most industries including adult entertainment,  the company is among a handful in this space with such an attractive value proposition.

Along with token ownership, participants in ExoLover’s upcoming TGE will stand a chance to be rewarded with bonus tokens from the designated user reward fund. As a fully registered company with patents filed for the development of high-tech sex toys, the company also operates Exo Lovers Club – an exclusive members only adult entertainment club which offers preferential access to project updates including the latest developments about how the manufacturing of the devices is progressing as well as the Exo Lover blockchain platform developments and enhancements. Members of the Exo Lovers Club will have the privilege to access information relating to the general principles of interaction between devices and ExoLover platform. Club members will also be among the first to get the opportunity to potentially become official testers for devices and platform.

The ExoLover platform will be desktop and mobile enabled and will showcase a suite of exciting features, including the ability to remotely engage in sexual experiences which feel like the real thing. Also users of the platform will be able to make instantaneous and low-cost transactions using EXO tokens to access a broad range of exclusive content offered by partner providers and also for making connections with other users of ExoLover devices in order to indulge in fully immersive sexual experiences.

The ExoLover community will enjoy superior blockchain-based security to protect their value and enjoy safe adult entertainment with other users in complete privacy due to the anonymity offered on the platform and which is made possible by blockchain technology. This ability to control personal data is one of the most attractive features of the ExoLover concept. By eliminating data protection or security of transaction vulnerabilities, people will be free to truly engage in fulfilling sexual experiences.

Roadmap for ExoLover Platform and Device Development

By the end of 2018, the ExoLover team are looking to have completed several milestones including finalising the concept of the mobile application and ensuring that development is precise. Their focus will also be on further developing platform functionality and the design of the custom bluetooth controller and other components that will be integral to the successful operation of their different devices such as the ExoWand, ExoThrust, and ExoTouch, just to name a few.

To get involved, simply visit the website and GET EXO TOKENS NOW!

Find out more about the ExoLover project from the links below:

 

*This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in the press release.*

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Golix Offers Africans Free Cryptocurrencies in Token Sale Giveaway

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Golix Offers Africans Free Cryptocurrencies

Golix, the Pan African cryptocurrencies startup with exchanges across the continent is distributing cryptocurrency to all Africans as part of its token sale campaign.

The company is conducting a series of giveaway campaigns targeted at everyone in Africa interested in its token sale. This is part of a drive to raise an awareness of how cryptocurrencies can be used to solve some everyday challenges and to showcase the continent’s diversity.

Until the 25th of July 2018 when its token sale ends, Golix will be distributing a total of 1 million GLX tokens to people who take part in daily quizzes and competitions.

These will focus on trivia specific to Africa, the African payments space and cryptocurrencies in general. There will also be GLX token giveaways for people who create and share content on Africa such as short videos, blog posts, and pictures.

All this will be under the hashtags #AfricaIsNotACountry and #GLXTokens.

Golix Launches ICOEach of the GLX tokens is valued at 5.6 cents and will be distributed to winners after the sale ends. The tokens will be tradeable on any of Golix’s active exchanges.

Speaking on the idea behind the giveaway Tawanda Kembo the CEO of Golix explained that his team had been motivated by a desire to open cryptocurrencies to people in Africa who had never accessed them.

“We are aware that digital currencies can solve some of the problems we face as a continent. Areas like cross-border payments and remittances that most Africans can relate to can and should be improved by the use of cryptocurrencies. We want to demonstrate this using an alternative currency that isn’t exclusive to people with credit cards or bank accounts,” he said.

Kembo also shed some light on the #AfricaIsNotACountry campaign saying,

“We are often viewed as one single country with the same identity yet Africa has so much diversity that should be celebrated. We want the distribution of our token to people here to bring that out and demonstrate just how rich our culture and creativity are.”

The Golix token sale was launched on the 1st of June 2018. It is a campaign to raise US$32 million through a crowdfunding technique used more commonly by cryptocurrency startups.

Golix has already opened exchanges in seven African countries and wants to use the proceeds of its token sale to extend its presence to more countries, providing the continent with financial autonomy.

You can read more about the Golix token sale by following this link.

 

*Readers should do their own due diligence before taking any actions related to the promoted company, product or service. Bitcoin Africa Ltd. is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

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Cryptonomics Africa Launches a New Website to Provide an African Perspective on Cryptocurrencies and Applications of the Blockchain Technology

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Cryptonomics Africa launched a new website, https://cryptonomicsafrica.com, for both blockchain and cryptocurrency enthusiasts and novices on 28 June 2018. The site offers informed analysis on applications of the blockchain to industries and sectors in Africa as well as cryptocurrencies related to Africa.

Cryptonomics AfricaThe potential of the blockchain technology and cryptocurrencies is enormous. Cryptonomicsafrica.com aims to (a) engage Africans and others, on the blockchain technology and cryptocurrencies, by making available a platform where governments, regulators, financial institutions, blockchain and cryptocurrency practitioners and the public can interact with each other (b) provide an African perspective on developments of the blockchain and how it can be effectively used to tackle issues of underdevelopment of our economies.

Users of the website also have access to real time feeds of African cryptocurrency prices and information on the latest Blockchain and cryptocurrency events around Africa.

Kayode Babarinde, Associate Fellow, Cryptography Development Initiative in Nigeria (CDIN), said: “I recommend Cryptonomics Africa as a one-stop resourceful destination for forward thinking Crypto Traders, and Blockchain enthusiasts in accessing quality facts and analysis of recent developments in the space, with focus on Africa.”

For more information go to https://cryptonomicsafrica.com

Contact Information:

Contact: Omobolanle Adeniran

Organization: Cryptonomics Africa

Email: bolanle@cryptonomicsafrica.com

*This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in the press release.*

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