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Scottish Hospital to Treat Cryptocurrency Trading Addiction

The Castle Craig Hospital in Scotland is to be the first in the UK to treat cryptocurrency trading addiction, giving weight to the the meme that trading digital assets is akin to heading to the casino.

The facility has tailored a course of residential treatment for those struggling to deal with issues associated with the activity and  even to ween off Bitcoin. Highly volatile and short fluctuations in cryptocurrency prices have contributed to behavioral addictions similar to online gambling.

The West Linton Facility is even using techniques derived from gambling addiction programs on cryptocurrency addicts.

“The high risk, fluctuating cryptocurrency market appeals to the problem gambler. It provides excitement and an escape from reality. Bitcoin, for example, has been heavily traded and huge gains and losses were made. It’s a classic bubble situation.” said gambling therapist Chris Burn.

Tony Marini, Castle Craig, elaborated:

“I see cryptocurrency trading as a way for people to escape from themselves, into another world, because they don’t like the world they’re in.”

While there are no statistics for cryptocurrency trading addictions, or even really any studies, just over 13 million people globally trade digital assets.

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Stormy Daniels Teams with Cryptocurrency That Rewards You For Watching Her Videos

Vice Industry Token, Inc. (VIT) has partnered with the official website of infamous and politically relevant Stormy Daniels.

Users of her website can generate VIT tokens by liking, commenting and sharing Stormy Daniels videos, as well as simply streaming her content. VIT tokens can then be spent across any of the Darkreach Communications network, which includes official websites for stars such as Kortney Kane and Jayden James.

Rob Murray, President of Darkreach Communications, said:

Deciding to incorporate cryptocurrency into my clients’ adult sites was a no brainer for me,  With VIT, everyone is going to make money – from the users on my sites, to myself and the performers.  The way the VIT blockchain works, we all get a piece of the token, and the guaranteed genuine data is the icing in the cake.”

The adoption of cryptocurrencies by the adult industry has been a focal point of late following Verge’s partnership with Mindgeek and its associated integration with their flagship portal, Pornhub.

The VIT blockchain seeks to act as an ecosystem that allows producers to efficiently monetize their content, as well as create an environment that rewards interaction.

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ICON Foundation and Deblock Sign Deal with Ad-Data Ecosystem Airbloc Protocol, Will Run on Both ICON and Ethereum

Airbloc Protocol is to be the chosen decentralized advertising data marketplace of the ICON Foundation and its associated blockchain accelerator Deblock.

The partnership was revealed by Airbloc Protocol today, in which the ICON platform is to be used to develop the Aero Network, the data validation network that powers Airbloc designed specifically for the processing of data.

A fully operational Airbloc Protocol would give users complete personal control of their data, including tracking and even selling their data to advertisers. The end result would be a completely improved targeted advertising system that fairly distributes profits to both users and advertisers.

Interestingly, Airbloc will become a ‘hybrid-chain’ that uses both the ICON blockchain and Ethereum.

A release reads:

Since cleansing and processing of the large amount of data cannot be done on Ethereum, the tasks will be processed on Aero Network that uses ICON. By using the two chain together, we expect to be able to solve the Ethereum’s performance limitation problem by ICON’s high performance.”

The partnership will also see both the ICON Foundation and Deblock participate in Airbloc Protocol’s token sales and key members will be acting as advisors for the project.

The competition in the decentralized advertising data marketplaces is quite stiff, most notably the Brave browser and its associated BAT token, developed by the co-founder of Mozilla and the creator of Javascript, Brendan Eich.

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NEO & Ontology Foundations Reveal Details of Joint Task Force

Fresh from signing a Memorandum of Understanding (MoU) just weeks ago, both NEO and Ontology Foundations are wasting no time by co-funding a joint task force with a combined RMB$4million (approx. US$620,0000).

The team will will be made up mostly of core developers of the Ontology platform and Neo Global Development (NGD). Notable names include Onchain core developers Weng Junjie, Tan Yuan and NEO core developer Peter Lin. Key community members will also be part of the ten-person team.

The first incarnation of the taskforce will run for six months. It appears that it will mostly be dedicated to making both ecosystems completely symbiotic. What will eventuate seems to be a completely shared mega-blockchain.

Standardized network protocols and data APIs across both NEO and Ontology protocol layers will be created. The sharing of SDKs and development tools between teams will also occur which should boost ease-of-use for both teams.

As hinted at in the MoU, a key function of the task force will be to ensure that smart contracts will be able to be run on either blockchain independent of which it was developed on.

The details revealed today also seem to suggest that the NeoVM platform is to be the chosen smart contract platform for both Ontology and NEO. In support of the move, a GO compiler and its associated development environment will be built over the next six months, signalling a complete adoption of the NeoVM smart contract system.

The task force will reportedly be run on a regular basis as development progresses.

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The Next Blockchain Platform from Switzerland’s Crypto Valley Optimizes Your Gaming PC for Mining Crypto

Switzerland’s innovative Crypto Valley, or ‘the Zug’, has revealed its latest contribution to the blockchain sector: Gaimin, an innovative solution to the cryptocurrency mining supply and demand ecosystem.

Gaiman’s goal is to be the number one decentralized cryptocurrency mining network, all powered by consumer-level gaming computers. An official release reads:

Gaimin is an advanced AI powered platform which connects gaming computers to blockchain mining. Just like “Uber” is a platform that connects cars and their drivers (supply) with people seeking a ride (demand) in a very efficient manner, Gaimin connects the GPU and CPU resources from the user’s gaming PC (supply) to blockchain mining pools (demand) in the most efficient manner possible, to mine cryptos.”

The proposed client is to be full of interesting features for those with powerful rigs but are somewhat disenfranchised by the growing industrialization of cryptocurrency mining.

Gaiman’s proprietary AI will determine, in real-time, the most lucrative blockchains to mine to and automatically configure itself to mine that blockchain efficiently. It will also take a hardware analysis of one’s computer into account.

Further playing to their gamer demographic, the client will also display just how much mining time is required to be able to purchase items such as skins or games. Gaiman will also reward increased hash power to those who recruit users to the mining pool through a referral program. All profits will be paid out in either Bitcoin or Ethereum.

The Zug is home to the Crypto Valley Association, an independent but government-supported group utilizing Switzerland’s agreeable economic nature to ‘build the world’s leading blockchain and cryptographic technologies ecosystem’. The Zug known for its very low taxes, welcoming stance on FinTech developers and it’s long-term adoption of Bitcoin, widely accepted across the entire canton, which has a population of just over 120,000.

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IOTA Launches New Testnet as Current One is Really a ‘Mainnet Lite’, More to Come

The IOTA Foundation has launched a new testnet and officially renamed the current testing network to ‘Devnet’. They are also preparing to launch at least two additional testnets.

An official blog post details just how quickly their original testnet has been adopted by blockchain developers  and it appears the overall input has become too big to be housed within just one test network. The blog post reads:

As the testnet became more widely used — by exchanges for on-boarding to IOTA, by the Data Marketplace, and by other participants and collaborators developing IOTA related software — it became less and less operationally tenable to break it on a whim.”

Devnet’ will take over the main testnet – where developers will be free to work on their dApps using the latest stable version of the IOTA Reference Implementation (IRI). The IOTA Foundation has plans to introduce at least three more testnets in the near future: Spamnet, Canarynet and Testnet1.

Spamnet appears to be a Tangle dedicated to network testing, and as the name implies, especially under heavy load. There is reportedly 7 nodes currently operating and the community is welcome to contribute by spamming the network. Here is a neat visualizer of the Spamnet.

Canarynet will be reserved for testing of new versions of the IRI before new versions are integrating into the Mainnet. Testnet1, the expected Testnet2 and so on are to cover everything else that may arise that developers may need their own testnet to hash things out.

Just days ago, the IOTA Foundation revealed that it had signed a Memorandum of Understanding with the United Nations Office for Project Services to explore how their Tangle technology can contribute. The collaboration will mainly concern supply chains, document handling and cross-border payments.

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NANO to be Accepted by eSports Betting Market PVP.ME

Leading eSports and gaming betting exchange PVP.ME has revealed that it has plans to integrate NANO into its platform.

Founded in 2015, PVP.ME has grown to over 150,000 users and reportedly processes over 4 million bets per month on a regular basis. Their support of NANO could spur on a new wave of registrations from blockchain enthusiasts, but perhaps more importantly for NANO, PVP.ME users may be attracted to begin using their token.

A Medium post from PVP.ME even featured a glowing review of NANO’s technology:

The biggest issue we had was finding the most optimal payment method that would enable users to deposit the quickest way possible & be able to place their bet instantly. Anything else would be detrimental to the users experience, you can’t have delays while wanting to place a live bet at a specific moment of the game. Today that is possible thanks to NANO.”

PVP.ME users can place bets on eSports, traditional sports, cryptocurrency prices and it even supports live markets on Twitch streams, something which various Bitcoin and cryptocurrency gambling sites have been looking to emulate. 

Such a development is nothing but welcome news for investors following a recent class action lawsuit filed against lead NANO developers. Claimants will allege that the developers are responsible for pushing them towards Bigrail, notorious Italian exchange at the centre of a theft of 17 million XRB/NANO tokens.

Bitgrail re-opened briefly at the beginning of May, but was shut-down by authorities almost immediately.

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VeChainThor Gets Its First ICO – Plair, A Decentralized eSports Ecosystem

The first ICO to ever launch on the VeChainThor (VET) blockchain has been revealed: an all encompassing decentralized gaming and content platform called Plair.

The Plair ecosystem is looking to create a completely new, amateur and most of all decentralized eSports market. Streaming, an in-game betting system and communication functionality will all be implemented, as well community management support.

VeChain brings to the table a powerful combination of professional advice, resources and community backing that is needed as a premium blockchain partner. We are excited to work together to pioneer a way to better serve gaming enthusiasts,” said the CEO of Plair Foundation, Patrick Tung.

Plair will also have support from VeChain’s ICO Incubation team, with Sunny Lu, VuChain’s CEO, assisting as a strategic advisor.

There is a hard cap of US$30million for the ICO, there is a strong chance of high amounts of interest being shown as this is the first time long-term VET holders can use their tokens for an initial coin offering.

The private sale phase of the offering will begin on May 25.

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Binance Delays Listing of TrueUSD Citing Liquidity Concerns

Binance has delayed the the listing of stable-coin TrueUSD, which was scheduled for today. It would be the first offering of an alternative to Tether (USDT), which has drawn much attention for its lack of transparency.

The launch has been moved to Tuesday 22 in order to ensure that any demand is met with proper liquidity, specifics of what that meant were not revealed in a statement.

Due to popular demand, the TrueUSD (TUSD) project team requires more time than originally planned to prepare for sufficient liquidity. Binance will therefore postpone the trading start date to 2018/05/22 04:00 AM (UTC). Deposits for TUSD will remain open during this period. Thank you for your understanding.”

The demand is really there, too. A continued sticking point for USDT skeptics is the lack of real financial backing alluded to by sparse audits of Tether.

TrueUSD has just that, it seems. All of their financial partners have created a system of trusts that will escrow US dollars 1:1 to every TrueUSD token. Reports are published every day and audits carried out monthly.

If supreme transparency causes adoption of TUSD to swell – which was hinted at by a massive, but brief, surge in price to US1.30 – this could be the coming of the other other flippening.

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Devvio Claims Their Blockchain Can Process Millions of Transactions Per Second

A press release this week details the efforts of Devvio, a self-described pioneer in blockchain protocols, in benchmarking their new Devcash platform.

The new blockchain has reportedly successfully processed upwards of 2,500,000 transactions per second, all completely on-chain. This is worth noting as the Lightning Network, widely revered as the scalability solution for Bitcoin, takes advantage of off-chain computations in order to increase efficiency.

The Visa network regularly processes over 24,000 transactions per second, while Bitcoin typically processes around five.

Support for smart contracts will be fully implemented and will be designed to be able to be used across any industry.

The team also seems to be backed by some serious technology experience, four key players having close to a combined 100 years worth of development experience, one of which being a previous advisor for Ripple Labs and currently advising Collider-X.

These results let us build a business upon the most scalable blockchain protocol in existence. When you combine this level of scalability with our stability solution, our fraud/theft/loss protections, and our privacy approach, our protocol represents a viable solution for the future of financial transactions across the world, including areas such as payment processing and Forex trading. I feel we have the most exciting technology in one of the most important up-and-coming technological fields.” said CEO Tom Anderson.

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