ABOUT US


     

STRIKE BIT CLUB was established on 16 August 2015 in the USA, a group of leading experts who invested in Bitcoin Mining and transformed into a large Trade Coin Club that attracts global experienced Broker in digital currency, Forex and stock exchange to join.

Our strategy is to transform Strike Bit Club into a leading STRIKE BIT community for Coin Trading, Coin Mining and Forex Trading across the world.

On 1 June 2016, the Club was officially launched as STRIKE BIT CLUB known as “Strike Force in Bitcoin Mining and Trading”.

Strike Bit Club aims to expand the global member network and provides the best market information on cryptocurrency as well as investment solutions that make profits from mining and trading off between cryptocurrency and Bitcoin.

Within the last 6 months, Strike Bit Club has built up large Bitcoin mining and trading groups in USA, Australia, England, France, Swiss, Austria, China, India, Singapore and continues to develop multiple programs for attracting investments from other giant markets globally. 




 

     

STRIKE BIT CLUB is an organization that provides an openly connected platform created by those crypto currency mining, trading and exchanging experts around the world. We thereby gained profits from investing, mining, and enjoying the percentage of those crypto currency trading and exchanging.

The business model of Strike Bit Club helps global members to easily participate and win big in the emerging Crypto currency market without setting any software, investing in hardware, or other infrastructure.

 


 

    


SBC MINING: Attract large investments in expanding coin mining plant that has high liquidity and potentiality together with smart software (identify and centralize to mine valuable and high growth rate coin in time and low operational cost).

SBC TRADING: Develop crypto currency trading and exchanging with a single transaction software in order to maximize profits and control risks with strategies:

Buy one crypto currency at low price and sell at a higher price

Manage multiple crypto currencies, buy in when the market increases and sell out when it drops.

SBC gathered world-leading investment and digital currency trading experts in a team. One of our unique advantages is to always grasp the right market trend.

When to keep it safe and balanced.

When to use for gaining profits.

And other organizations, individuals who need us as well as other investors who also enter into various commerce trading with us.





COIN TRADING is a new trend of cash with a daily transaction growing constantly and achieving an average of 200 million USD.

With financial advantages and TRADE COINS experience, we know how to optimize the resources and generate profits from actively entering into Bitcoin trading markets as well as other global-valued digital currencies.

REFERRAL PROGRAM




Joining SBC is the greatest investment that promises great returns for investors and high passive incomes for system developers. 


SBC system is a perfect engine that helps investors to conveniently open an investing account and automatically receive profits.


Featuring a consistent business policy and bonus payment methods, we are committed to bring the highest profits to the investors and an attractive bonus policy at all times. 




 

When becoming a member of SBC, your money will be used for investment in mining and trading digital currencies.


60% of the profit will be shared amongst our members, 20% to reinvest in strengthening SBC’s capabilities and competitive advantages, and the remaining 20% will be paid to the Club Founders and Shareholders, those who excelled to build and lead SBC community to grow globally.


10% of transaction fees will be applied to profit and bonus withdrawal order so as to support the website operation, payment to affiliates, etc. 



Profits will be shared to all members based on the profit ratio which uses algorithms to calculate the following:

- Transaction done

- Bitcoin price

- Number of Bitcoin that SBC is holding

- Number of members to be paid

- Others.

Profits will be shared daily in USD equivalent to BitCoin and send directly to members’ wallet.

Paid at the ratio 0.7-1.3% per day (Get paid 6 days/week excluding Sunday, equivalent to 6%/week and 60%/ 70-days period). Withdrawing from personal BitCoin wallet within 24h.


All investments packages are entitled to profit sharing within 300 working days (300%).

Reinvesting 15%  after each 70-days period is compulsory.







NOTE:

Members are eligible to upgrade their packages at any times and will be added bonus benefits following bonus ratio at the same time.

When members from lower levels upgrade their packages, upper level members will continue to get the revenue bonus.

85% of the binary bonus will be paid to Commission wallet, the other 15% will go to Saving wallet.



 






There are 6 wallets:

- Total revenue : Total bonus income (only visible, not withdrawable)

- Cash wallet: Deposit

- Referral Bonus: Bonus for referring new member (Level 1- Level 10)

- Binary bonus: Weak Pay line bonus

- Rewards: Average profit sharing 1%/ day (amp 0.7--1.3%/day depending on daily revenue)

- Saving wallet : Hold 15% of commission system, intended for:

Upgrading packages

Reinvesting

For 10,000 USD, it is withdrawable at 50%.

 



- Weak pay line revenue reaches 1 million USD

- Individual investment at $100,000

- Direct referral to 100 people

If you meet all three criteria above, you’ll be invited to the Founder Club, become the club’s strategic shareholder, be entitled to profit sharing and financial sponsoring in order to develop the business in your own capability and expectation. 




- You’re the team leader?

- You have a big group?

- You’re a digital currency trading business owner?

- You own a large amount of digital currency?


If the answers to above questions is YES, kindly send us your CV. We will collaborate and work as Shareholder and together we grow. The power of SBC WORLDWIDE LEADERS will help you succeed and achieve your goals sooner.

Mail to: [email protected]




 

WELCOME TO STRIKE BIT CLUB


 

 
 

PROMOTION



Dear all respectable members,

On the occasion of the global launch of Strike Bit Club and the New Year 2017, we have special offers to all our new members:


- Earn a 10% cashback bonus to your reward wallet for every package joined from Corporation package to higher package (above $1000).


- Promo period is from 26/12/2016 - 15/1/2017.


We wish you all the luck, health, and wealth for the forthcoming year of the Rooster.


If you have any problems with your account in the course of our business, please feel free to contact us at [email protected]. We commit to resolving your problem as soon as possible.


Thank you and best regards,

Strike Bit Club.

 


BITCOIN




Bitcoin (BTC, XBT) known as digital currency or electronic cash, virtual cash, hierarchical coding algorithm cash released by Satoshi Nakamoto as an open-source software in 2009.

 

Bitcoin can be used directly through an Internet-connected device without going through a financial institution.

 

 

More information: http://bitcoin.org






BILLIONAIRES TALK ABOUT BITCOIN

WENCES CASARE

BITCOIN is not a currency for a Government; It is a global currency. For the people.”

ERIC SCHMIDT

“BITCOIN IS a remarkable cryptographic achievement and the ability to create
Something that is not duplicable in the Digital world has enormous value.”
 

BILLGATE

“BITCOIN IS EXCITING BECAUSE is Show how cheap it (Financial Transactions) can be.
Bitcoin is Better than currency in that you Don’t have to be physically in the Same place and of course for larce Transactions currency can get Pretty inconvement.”

RICHARD BRANSON

“I think it is working. There will be other currencies like it that may be even better, but in the meantime there's a big industry around bitcoin.
You know, people have made fortunes out of bitcoin, some people have lost money out of bitcoin.”

NEWS

john-doe

Fun Coincidence: Bitcoin Hits $3,136 Per Token on Its 3,136th Day of Existence

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john-doe

Bitcoin Cash Price Poised to Plummet Once Network Stabilizes

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john-doe

Bitcoin Cash Supporters Continue to Hold on Bitcoin As BTC Shrugs Off Fork

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john-doe

Bitcoin Price is Likely to Surpass $3,000 After SegWit Activation: Opinion

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john-doe

Coinbase Advises Users To Transfer BTC

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john-doe

Ethereum Multisig Breach Continues Wreaking Havoc

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john-doe

Hackers Seize $32 Million in Ethereum in Parity Wallet Breach

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john-doe

Why India is Perfect for the Bitcoin (R)evolution

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john-doe

Digital Currency Support Levels Hold Up; What Now?

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john-doe

Tezos $232 Mln ICO Sparks Fresh Fears For Ethereum Sell-Off

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john-doe

Software Engineer Buys 20,000 BTC in 2010, Quits Job to Travel Around Globe

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john-doe

Ethereum Price Plummets to $175, a 30-Day Low

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john-doe

Fine Art Gallery in London’s Mayfair Now Accepts Bitcoin And Other Cryptocurrencies

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john-doe

Bitcoin Price Triangle Breakout Imminent, Investors Sense ‘Big Move’

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john-doe

Bitcoin Exchange Receives US Commodity Futures Trading Commission Approval

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john-doe

CFTC Formally Registers New Cryptocurrency Swap Execution Facility

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john-doe

Is Ethereum Getting Ready For Mass Adoption?

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john-doe

Coin Center Demonstrates How Bitcoin Works Before the Congress

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john-doe

Stock Analyst Predicts Bitcoin Price to Reach $50,000 in 10 Years: Bloomberg

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john-doe

Bitcoin Could Hit Near $4,000: Goldman Sachs’ Chief Analyst

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Fun Coincidence: Bitcoin Hits $3,136 Per Token on Its 3,136th Day of Existence

Call it a coincidence, but the Bitcoin price reached $3,136 per token on its 3,136th day of existence (August 9, 2017).

The digital currency was established on January 1, 2009.

Although this is just a fun and useless statistic, it shows how the cryptocurrency has expanded by leaps and bounds since its creation. This also means that the virtual currency is already effectively worth one dollar for every day it existed.

 

Sign of Bitcoin’s phenomenal rise

This statistic can be considered as insignificant and could mean nothing to the majority of everyday consumers.

Digging deeper, this coincidence shows how Bitcoin performed solidly over the years as compared to other cryptocurrencies. Based on careful examination, there are very few virtual currencies that are in existence today that can match or surpass Bitcoin’s feat.

One Reddit user pointed out that even the fiat currencies like the dollar cannot match Bitcoin’s performance. In fact, fiat currencies are constantly losing their purchasing power to inflation. Bitcoin, on the other hand, has registered a rapid increase in purchasing power.

 

History of Bitcoin

Bitcoin is a global virtual currency and digital payment system that was developed by an anonymous programmer or a group of programmers who used the alias “Satoshi Nakamoto.” The cryptocurrency is used directly by the users when they conduct peer-to-peer transactions. The transactions are recorded in a public distributed ledger called Blockchain.

The digital currency can be considered as the first decentralized cryptocurrency as it is used without a central repository or single administrator.

Based on research by Cambridge University, there are already between 2.9 to 5.8 mln unique users of a cryptocurrency wallet in 2017, with the majority of them using Bitcoin.

 

Bitcoin Cash Price Poised to Plummet Once Network Stabilizes

Two days after the chain split that resulted in the launch of Bitcoin Cash, the fledgling coin is quite an unusual position. The Bitcoin Cash network is almost non-functional due to extremely slow block times, inherited as a result of Bitcoin’s mining difficulty at the time of the fork. The token itself is quite valuable—trading for over $400—but only for a small fraction of the people who own them.

Exchanges

No major exchanges have Bitcoin Cash deposits enabled, which means that the only people who can sell Bitcoin Cash are the ones who had funds on certain exchanges before the split. Those exchanges (including Bitfinex and Kraken) have credited their users with the appropriate amount of Bitcoin Cash and have enabled trading pairs.

Not all exchanges will be launching Bitcoin Cash trading pairs. Of the exchanges that don’t trade Bitcoin Cash, some will be crediting users and allowing them to withdraw their Bitcoin Cash. Others may choose not to even acknowledge Bitcoin Cash, and may not credit their users with the tokens.

Water, water, everywhere, nor any drop to drink

Bitcoin Cash deposits are disabled at all major exchanges because the Bitcoin Cash network is not yet safe to use. Due to its low mining hash rate, the Bitcoin Cash network is extremely vulnerable to attacks. Likewise, because of the small number of blocks that have been found since the split, a dedicated attacker could easily trigger a Blockchain reorganization.

Such an attack would wipe out all trading history on the new network. Furthermore, it is difficult to send transactions on the Bitcoin Cash network at all, due to the incredibly long block times. All of this has resulted in a situation where most would-be sellers of Bitcoin Cash are completely unable to trade.

Bitcoin Cash crash?

All of this begs the question: is a crash imminent? At present, demand is absorbing an extremely limited supply and pushing prices up. Once the Bitcoin Cash network stabilizes and exchanges begin opening up deposits, there will likely be a massive influx of sellers. Assuming that demand remains stable, such a drastic increase in supply will likely cause the price to drop significantly.

The Bitcoin Cash code includes a feature to reduce the mining difficulty if the time between blocks is too long. That code should activate at some point today, resulting in a much lower difficulty and much faster discovery of blocks. Once the network stabilizes, and it is safe to do so, exchanges that trade Bitcoin Cash will likely open up deposits.

One last wild card

So far Bitcoin has been largely unaffected by the chain split. After briefly dropping from $2,900 to $2,600 shortly before the split, Bitcoin’s price has stabilized in the $2,700 range.

Virtually all Bitcoin miners are still mining Bitcoin, with almost none having switched to Bitcoin Cash. However, this could conceivably change, although it’s unlikely.

The only remaining wild card is the following scenario. What if the Bitcoin Cash network stabilizes, exchanges open up Bitcoin Cash deposits, and the price somehow remains stable (or drops then quickly rebounds)?

In such a situation, Bitcoin miners might see that it is more profitable to mine Bitcoin Cash, and enough miners might switch over to cause a small increase in Bitcoin block times.

Safety valve theory

The most vehement political opponents of the Segregated Witness scaling solution are likely to fully embrace Bitcoin Cash and leave the Bitcoin community altogether.

Consequently, the new currency will act as a sort of safety valve, allowing steam to escape before the pressure climbs high enough to rupture the vessel. Other big blockers who are willing to accept the SegWit2x compromise will likely remain, but grow less political.

Assuming that the “2x” part of SegWit2x is actually implemented as planned, Bitcoin’s long civil war may finally be over.


Source: cointelegraph

 

Bitcoin Cash Supporters Continue to Hold on Bitcoin As BTC Shrugs Off Fork

So far, the Blockchain split between Bitcoin and Bitcoin Cash has been relatively uneventful. The Bitcoin price experienced some volatility, dropping by about 10 percent this morning, before recovering about half its losses.

Earlier today, Kraken began crediting Bitcoin Cash to holders of Bitcoin on its exchange, while simultaneously launching Bitcoin Cash trading pairs. The price of Bitcoin Cash has remained relatively stable around 0.07 BTC, or about $190.

Bitcoin seems to have stabilized around $2,750 at press time.

There had been speculation that the launch of Bitcoin Cash could result in wild market fluctuations, but that does not appear to have happened.

While volatility has been higher than normal due to traders withdrawing many of their funds from exchanges, there haven’t been any flash crashes or other abnormalities.

Likewise, some had wondered if supporters of Bitcoin Cash might dump their Bitcoin in order to pump the price of Bitcoin Cash.


At press time, this has not yet happened.

Roger Ver claims

Much speculation centers around Roger Ver, who claims to have 130,000 BTC and has said that he is willing to put his money on the line and bet on the success of Bitcoin Cash.

The chain split will not formally complete until Bitcoin Cash has mined at least six blocks. Because of high difficulty and low hashpower (only about two percent of Bitcoin’s hashpower is mining the rival chain), it could take a number of hours before the requisite number of blocks are mined.

Many exchanges are still waiting on more blocks to be found before launching Bitcoin Cash trading pairs or enabling deposits and withdrawals of Bitcoin Cash.


Consequently, the supply of Bitcoin Cash on exchanges is limited only to people who had Bitcoin balances before the split. Once exchanges enable deposits of Bitcoin Cash, the price is likely to drop further due to increased supply.


Source: cointelegraph

Bitcoin Price is Likely to Surpass $3,000 After SegWit Activation: Opinion

Although Aug. 1 is still hours away, most Bitcoin users are more confident of the community than they were a few weeks ago. As a matter of fact, some sections of the community are expecting the cryptocurrency to achieve new all-time highs in terms of price.


Due to the intensity of the scaling debate within the community, several gloomy predictions arose about the future of the cryptocurrency. In retrospect, such debates and predictions may be seen as a blessing in disguise even though it is not Uhuru yet for Bitcoin users.

The curiosity generated by the level of debate between factions of the community motivated Bitcoin users to seek knowledge of the technology as a whole.

Also, as users try to protect their digital assets, they sought clarity about the entire process and the various possible consequence of any eventual outcome.

One group that has played a huge role in creating awareness about developments in the Bitcoin community are the services providers. These service providers include exchanges, wallet vendors (especially hardware wallets) among others.

Kumar Gaurav, Founder of Cashaa - Auxesis group, tells Cointelegraph:

“Whereas in the next couple of hours some may still sell their Bitcoin due to uncertainty or not knowing how to deal with the situation, it is more likely we see Bitcoin increasing over $3,000 and to all-time-highs, as there has been plenty of information and guidance concerning this time so the majority of the community is well-prepared.”


Gaurav notes that some other reasons that may be responsible for the prevailing attitude within the ecosystem include:

People are happy about the scaling “civil war” being over.

All major players considering BCC as just another altcoin.

Bitcoin is becoming more usable.

The prospect of some “free money” which they can keep as new altcoin or can buy more Bitcoin for.

Retaining a long-term approach

However, he also recognizes that Bitcoin users can expect possible uncertainty at some point within the period, a phenomenon which he expects to settle after a few days.

Gaurav advises users not to be worried if there is an initial decline in Bitcoin price. He explains that such would only reflect a portion of the community investing in BCC in the beginning, a factor likely to be surpassed by the longer term factors in favor of Bitcoin mentioned above.

Looking into the future, Gaurav notes that BCC may eventually grow into one of the largest altcoins, comparable to how Ethereum Classic became the seventh largest altcoin, starting from $0.75 and currently being around $13. Thus it may be advisable not immediately dump the new coin but wait and see if this replicates.


Source: cointelegraph

Coinbase Advises Users To Transfer BTC

Amid fears of the proposed Bitcoin Cash (BCC) fork coming on August 1, cryptocurrency exchange Coinbase has issued a notice to their users.


No Certainty

The  exchange has stated via email to their customers that they will not support the BCC tokens that are generated, should a fork occur. The company stated that they do not know the future market value of the alternative fork (BCC) or its future value, and because of the built in ambiguity, supporting the secondary fork is not advisable for the company. 


Guidance for August 1

The company also issued a warning to customers, advising them to withdraw their BTC should they wish to begin using the BCC after the fork. The email states:

“Customers who wish to access both bitcoin (BTC) and bitcoin cash (BCC) need to withdraw bitcoin stored on Coinbase before 11.59 pm PT July 31, 2017. If you do not wish to access bitcoin cash (BCC) then no action is required”

The company will suspend trading for a short time after the fork to protect the funds of users until the disruption to the Bitcoin network is complete.

Ethereum Multisig Breach Continues Wreaking Havoc

News broke yesterday of a massive breach of the Ethereum system, allowing hackers to steal more than 83,000 ETH (~$18 mln) from three major multisig wallets and deposit them into a single wallet.

As previously reported by Cointelegraph, the breach was stopped by an alert white hat hacker group who immediately drained a substantial number of other vulnerable wallets, protecting over $85 million worth of ETH.


Multisig Vulnerability

The hacker exploited a little known flaw in the Parity software suite affecting the multisig wallet contract.

The hacker was able to send two transactions to each of the contracts and drain the entire contents.

The first transaction, called an initWallet, was used to cause all public functions from the library to be callable by anyone using delegatecall, including initWallet, which then allowed the hacker to change the owner of the contract.

The hackers then made their address the only owner, and required only one confirmation to execute any transaction. Finally, they were able to simply send a transaction to a wallet owned exclusively by them, and drain the entire contents of the wallet.

The hack could have been prevented simply by not using the ‘delegatecall' function to allow for all library functions to be invoked externally on the wallet.


Impacts

The three drained wallets belonged to Edgeless Casino, æternity and Swarm City. All three have issued press releases stating the impact of the hack.

Edgeless Casino has confirmed the loss of 26 793 ETH ($5.6 million) which are in the hands of the hacker. However, Edgeless did seek to put the concerns of users and investors to rest by explaining their diversification policy after the ICO. The platform launch will occur as promised in Q3 of this year, though, as a protective measure, players will be forced to purchase EDG tokens in order to pay rather than being allowed to play with ETH directly.

æternity also issued a press release, detailing their specific losses (82K ETH) and also assuring investors that the project launch will continue according to plan. The company also employed a wide diversification strategy with BTC and other wallets in order to protect the necessary funds for business operations. An update on the site, however, stated:

“Together with æternity’s lawyer, we have contacted the Liechtenstein police authorities and filed charges. The police will forward the matter to Interpol.”

Swarm City stated that they had also suffered a loss totally 44,055 ETH. The company did not address other funds available for project launch, though they did reaffirm their commitment to developing Swarm City, stating:

The Swarm City Core team is more committed than ever to the development of Swarm City. The real value of our token lies in the community, and the technology the developers are creating. Black hat hackers, vulnerabilities, and bugs will not stop us from creating the decentralized sharing economy our community and the world craves.

The three companies are jointly considering what action to take against Gavin Woods, the developer behind the effected wallets.


Warning Shot

The massive hack is being seen by many as a warning shot. The complexity of the Ethereum system, while perhaps its greatest benefit, also presents massive risks to the funds of users. According to Santiago Palladino at Zeppelin solutions:

“This attack, however, makes clear that a set of best practices and standards is needed in the Ethereum ecosystem to ensure that these coding patterns are implemented effectively and securely. Otherwise, the most innocent-looking bug can have disastrous consequences.”

The Ethereal community will need to create new ways to prevent such breaches and protect their user base if they are to continue gaining support among cryptocurrency groups. This most recent breach calls into question the opinion of many that Ethereum will overtake Bitcoin as the vehicle of choice.


Source: cointelegraph

Hackers Seize $32 Million in Ethereum in Parity Wallet Breach

Parity Technologies has issued a critical security alert for their popular multi-signature wallet software following an apparent breach. The development team urged users holding ether in multi-sig contract wallets version 1.5 or later to immediately transfer their tokens to a secure address. The breach only affects multi-sig wallets; normal wallets appear to be safe.

Hacker Nets $32 Million Windfall

According to Etherscan.io, the hacker(s) absconded with more than 153,000 ether, worth more than $32 million at the current exchange rate ($213 per CoinMarketCap). The Parity wallet hack comes just days after CoinDash had to cancel its much-hyped ICO following a $10 million hack.

It’s worth noting that the DAO hack–which ultimately resulted in an Ethereum blockchain split–netted hackers $50 million in tokens at the time.

Non-ether tokens held in multi-sig wallets are also subject to the vulnerability, but the hacker only stole a small amount of one token–FUCKcoin.

Developers Scramble to Secure Funds


News of the hack quickly spread throughout the cryptocurrency ecosystem, and Ethereum projects storing funds in Parity multi-sig wallets scrambled to see if their funds had been compromised. Swarm City confirmed they had lost more than 44,000 ETH in the breach and revealed that funds held by Edgeless Casino and Aeternity had fallen prey to the hacker as well. Others, such as CivicKey CEO Vinny Lingham, breathed a sigh of relief after finding their tokens were safe.

White Hat Group Drains Vulnerable Wallets

Parity later announced that, following the hack, the White Hat Group quickly began to drain as many multi-sig wallets as possible to prevent the hackers from making off with any more funds. The group is currently holding approximately 377,000 ETH–as well as 33 different tokens–in a secure wallet while they create replacement wallets.

The White Hat Group warned fundholders to be patient as they worked through the issue. As they stated on Reddit:

"If you hold a multisig contract that was drained, please be patient. We will be creating another multisig for you that has the same settings as your old multisig but with the vulnerability removed and we will return your funds to you there. We will be using the donations sent to us from The DAO Rescue to pay for gas….Effectively we will upgrade your multisig contract for you, all you will have to do is, be patient, find your new multisig address once we have finished, and it will be like nothing happened."


Hacker’s Paradise?

The Parity hack sparked criticisms of Ethereum and Solidity–its programming language–from some corners of the cryptocurrency community. Several Twitter users posted screenshots of the Parity website, which boasts about their quality control process:

"Every single line in our codebase is fully reviewed by at least one expert developer (and routinely two or more) before being placed in the main repository."

Litecoin developer Charlie Lee opined that the breach “pretty much confirms that Ethereum is hacker paradise.”

Don’t Fall Prey to Phishing Attempts

With a breach as high-profile as this one, malicious individuals are almost certain to exploit the opportunity to steal even more funds. Avoid falling prey to phishing attacks by carefully analyzing emails and links before you click on them, and remember that this breach is localized to Parity multi-signature wallets version 1.5 or higher; no other ethereum wallets were affected.

 

 

Source: cryptocoinsnews

 

Why India is Perfect for the Bitcoin (R)evolution

On the 8th November 2016, the Indian government announced its demonetization plans that would see 86% of all the cash money in the nation rendered useless. This rather drastic action was taken as a measure to quell illegal activities and attempt to destroy the shadow economy in the country. The Indian government aimed to prevent the use of illicit and counterfeit money to fund activities such as terrorism. India had begun their war on cash.

Although the Indian government were publicising this positively, the disruption it caused was severe. The severity of this policy was largely fuelled by a number of reasons but the sudden nature of the announcement caused a nationwide frenzy followed by cash shortages and a significant disruption to the economy.

With the Indian population now over 1.3 billion people, potentially more than China, such a drastic change hit many hard in the largely cash-based country and led to nationwide disillusionment. As a result, people wanted to find an alternative that they could use and trust to transact, store wealth and evade government intervention.


They found Bitcoin.

Why is India Perfect for the Bitcoin Revolution?

It is often a topic of discussion about Bitcoin’s place in the developing world. In the developing world, only 41% of people have bank accounts compared with 89% in the developed world. Within developing nations, cash is king and has been for many years. Most individuals in these nations won’t have experienced the modern forms of banking that the developed world are used to and any change to this would require a gradual introduction of change to ensure an efficient deployment. However, people in developing nations now have a chance to skip the current banking infrastructure we have in place and move straight towards a trustless, decentralised and immutable financial system.

India has announced their aggressive plans to become the first digital society and Bitcoin will play a major part in that.


Indian’s and Banking

Infrastructure

One of the major reasons as to why India is perfect for the Bitcoin revolution is due to their population’s lack of banking infrastructure. India is the 7th largest economy in the world, based on their nominal GDP of $2.5 trillion. However, there are 233 million people in India who do not have a bank account, which is one of the highest figures in the world. To put that in perspective, the population of the UK is 65 million. This means there are 3.5 times more people in India that do not have a bank account then people living in the UK.


Bitcoin has the potential to bridge that gap. In order to get a bank account, a person must have a form of identification and a fixed address, alongside some other information, which for many people in India just isn’t a possibility. As a result of this, these individuals are limited to a cash based system by no fault of their own and thus stifling their economic reach. Bitcoin does not discriminate in the same way. Instead, the unbanked in the world can essentially skip the troublesome financial system today and utilise a transnational cryptocurrency called Bitcoin.


Banking Disillusionment

Another major reason why India is a perfect place for Bitcoin adoption is due to the overall population’s attitude towards their existing financial system. As mentioned at the beginning of this article, India recently went through an aggressive demonetisation period that forced people to deposit their high-value Rupee notes into banks, so that they can be removed from the money supply. This resulted in 86% of the country’s cash to be rendered worthless should people not deposit money into their bank accounts. The problem with this is, as mentioned, a large number of people simply do not have bank accounts and therefore were unable to exchange their currency. Prior to this, India was largely a cash based society with people opting not to use banks due to a lack of trust, infrastructure and also to keep their wealth away from the prying eyes of the government.


The demonetisation in India resulted in the country experiencing a Bitcoin boom. New startups were being formed and a large premium was placed on the price of Bitcoin as the demand was so high. At times this premium reached $300 a coin and is symbolic of the emotions felt by the Indian population towards demonetisation and India’s war on cash, as people were now waking up to a new type of system away from government and bank control.


Digital India

On the 2nd July 2015, Indian President, Narendra Modi, announced his digital reformation plan called Digital India. This campaigned aims to make the Government’s services available electronically, improve the digital infrastructure in India and increase the internet connectivi in the country. This digital aim to empower technology in India has also aided in the positive outlook on Bitcoin on a governmental level as well.

For a number of months now, it has been widely speculated that India is about to legitimise Bitcoin in a similar method to Japan. The meteoric rise of Bitcoin in India has not gone unnoticed by the Government and more specifically India’s finance minister, Arun Jaitley. According to local reports, Jaitley had attended and inter-ministerial meeting in order to discuss the risks involved with cryptocurrencies. The meeting was attended by some key figures from the Indian parliament in which the risks associated with Bitcoin were discussed. Following this, Jaitley made an official statement highlighting an in-depth report on Bitcoin will be released in July and will outline the vision of Bitcoin moving forward.

Bitcoin legitimisation in India could be just months away, despite the Government highlighting risks associated with Bitcoin which seem to be focused on companies as opposed to the technology itself. The precedent has been set by Japan and India look likely to follow.

 



Source: cryptocoinsnews

Digital Currency Support Levels Hold Up; What Now?

Using Ethereum (ETH) as my specimen I watched prices gap lower and run directly into support, and in the case of ETH it was a simple math calculation establishing $166 per coin as a dependable level of support, and the sell off held this support level trading to $170 before reversing. I think it is important to ask what should happen now.

Let’s review the price action and examine the technical analysis logic we have been using.  In 2017 ETH traded from $18 to $408 and sold off more than 50% trading down to $170, if you do the math $170 was about a 62% retracement which is standard in technical analysis.


The real fear started when the ETH coin traded through the $200 level, this shook up investors who chased the runaway coin when it spiked to the highs in June.  Prices exploded in late May trading from $138 per coin to $408, and it did this in frenzied fashion gapping higher nearly every day, and along the way it garnered much media attention, every Uber driver knew Bitcoin was going higher, but when they learned about the other currencies they learned they could get on the train for $300, so they flocked to the lower priced digital currencies.  I think the price tag of Bitcoin at $3000 was a clear speed bump opening the door for DC’s like Ethereum, Ripple and Ethereum Classic, these were and are all lower priced and calmed investors fear about ownership.


It is similar to hesitating when buying high-priced technology stocks like Amazon, Google or Priceline.  The higher price tag steers investors to lower priced stocks so they can add them to portfolio, I think the same thing is happening in digital currencies and Ethereum Classic, Ripple and Moreno are beneficiaries.


But back to our Ethereum (ETH) support levels and what happens now. We expect ETH to trade to the top of the channel at $242 over the next week, where it will be important to determine if the coin can break out of the downtrend since the $408 high.  We fully expect the $166 support level to hold and this coin to trade logically in the channel, and any closes above the $245 brings a retest of the $315 level.  The cool thing about any digital currency is that they move like greased lightning, and they can prove out their direction in one day where other assets take month’s and years to complete.  I think this is the attraction to digital currencies in general, investors love the action, and this is drawing more global players.

Ethereum held a critical support level and is trading perfectly in the channel.  I caution you to stay away from over trading any digital currency and trade with the long term trend, investorswhich is up, this will help you avoid frustration and losses.  Digital Currencies are not a flash in the pan trend, these are units of trade and barter which allows the coinvestors’ flexibility and not get locked into the pitfalls of fiat currency.


I know the boring advice of buy and hold is like my grandpa’s car, but when you have an emerging trend that makes sense in our changing technology world, it is best to have a game plan, and in the case of digital currencies they will be the way we pay for goods and services in the future, and everyone needs to own them.  The days of fiat currency are numbered and digital currencies, in general, will do more than survive – they will become part of your everyday life as a global consumer.  Long live Satoshi Nakamoto.

 

Source: cryptocoinsnews

Tezos $232 Mln ICO Sparks Fresh Fears For Ethereum Sell-Off

The closure of Tezos’ $232 mln ICO - the largest in history - is dividing the community concerned about mass Ethereum sell-offs.

As Tim Draper-backed Tezos concluded its 12-day uncapped token sale Thursday, many including mainstream media, were excited about where the project and its coin would go.

Conversely, however, increasing evidence of startups already wholesale converting ETH profits from ICOs to fiat is causing concerns among investors.

Value leaving the Ethereum ecosystem en masse would theoretically drive down prices, an association made even easier in light of this week’s downturn.

Cointelegraph also reported today that both EOS and TenX were engaged in such selling activities, the former appearing to move tens of thousands of ETH to exchange Bittrex this week.

Meanwhile, Tezos itself is facing criticism from Ethereum co-founder Vitalik Buterin.

In a Twitter exchange earlier in the week, Buterin said he “disagreed” with the direction the startup intends to go once funds are put to use.

Tezos subsequently responded to his doubts.

All eyes will now be on Draper as the startup prepares to factor in its huge revenue to its previously-established and much-circulated roadmap.

While tokens will eventually trade on exchanges, HitBTC is already offering controversial private purchasing. Similarly controversial futures contracts are on offer at Bitmex.


Source: cointelegraph

Software Engineer Buys 20,000 BTC in 2010, Quits Job to Travel Around Globe

The recent meteoric rise of Bitcoin and other cryptocurrencies has led to the appearance of some unlikely millionaires.  A recent interview by Forbes magazine shows just how powerful Bitcoin has been over the course of the past decade for those who invested early.


The interviewee, a former software engineer in Silicon Valley, asked to remain nameless. However, he did explain that he started purchasing Bitcoin in 2010 after doing some research. He decided that the purchase should be sizable enough to provide some real upside, should Bitcoin ever increase in value, and so he bought $3,000 worth, or, at the time, 20,000.


When the Bitcoin price really started to jump, he made his first sale of 1,000 Bitcoin, netting him $2.6 mln. Since then, he’s quit his day job and now travels the world, flying first class and staying only in five-star resorts.


After explaining his multiple sell-offs, and the $25 mln in profits he’s realized thus far, he explained that he sees Bitcoin values at $150,000 in the long term. “I really do think it will get there,” he says confidently, "But a lot of governments and companies will have to be on board, first. No amount of speculation in the world will push it that high.”


 

 Source: cointelegraph

Ethereum Price Plummets to $175, a 30-Day Low

Ethereum is down over 25% in the new week, the sharpest fall in a continuing decline since the turn of the month.

Ethereum price fell to a low of $175.56 on GDAX, an exchange operated by US-based Coinbase for professional traders, in the early hours of Tuesday (UTC).  Ethereum’s ether token is now trading at its lowest levels in more than 30 days.

Data from CoinMarketCap shows a massive sell-off in a number of exchanges in South Korea, China and USD-based trading platforms.

The recent decline comes amid mainstream headlines of a crypto bubble period. Tech billionaire Mark Cuban, an early bitcoiner who has used “Coinbase for years”, said “I think it’s [cryptocurrencies] in a bubble . I just don’t know when or how much it corrects. When everyone is bragging about how easy they are making $=bubble.”

At the time of publishing, Ethereum’s ether token is trading at $185 in an ongoing period of correction.

Altogether, prices are down nearly 45% since hitting above $400 almost a month ago to the day, an all-time high for Ether. Still, Ethereum is up over 2300% since the turn of the year.

 

 

 

Source: cryptocoinsnews

 

Fine Art Gallery in London’s Mayfair Now Accepts Bitcoin And Other Cryptocurrencies

As a sign of the rising popularity of Bitcoin and other cryptocurrencies, the UK-based Dadiani Fine Art Gallery has begun accepting Bitcoin, Ethereum, Litecoin, and other cryptos as entrance payment.


The art gallery owner Eleesa Dadiani said, “We are combining old world business ethics and practice with the new world of technology the current system is becoming stale and needs to be disrupted.”


She adds:

"Cryptocurrencies will provide a bridge from the elitist, centralist fine art market to a decentralized open source world where many more will be able to become a part of this exhilarating market.”


The gallery is offering a set of sculptures made from the exhaust manifolds of Formula 1 cars.

This most recent cryptocurrency acceptance is another sign of the rising tide of public awareness and acceptance.

While Bitcoin and other early cryptocurrencies were something of an enigma, the public sector is beginning to make use of the power of Blockchain and cryptocurrencies. As more and more companies accept the payment vehicle, the popularity and price of these coins will only continue to increase.



Source: cointelegraph

Bitcoin Price Triangle Breakout Imminent, Investors Sense ‘Big Move’

Bitcoin’s price is about to break out in what commentators expect will be a “big move.”

Excitement among the cryptocurrency’s online traders is building Monday, as weeks of comparatively flat price action look to end soon.

Bitcoin has been trading on average between $2,400 and $2,800 since June 16, a considerably less volatile period to that which preceded it, according to data from Coinmarketcap.

Now, however, talk is growing of the virtual currency breaking out of its current triangle to set a new trend - up or down.

Short-term investors have been largely focused on altcoins such as Litecoin in recent weeks, with Ethereum having dropped and remained below $300 due to a turbulent bout of volatility at the end of June.

The tips are once again swinging to focus on Bitcoin, with even veterans such as WhalePanda hinting increased exposure to it over altcoins.

The upcoming SegWit activation deadline of August 1 is in itself expected to produce more volatile price performance for Bitcoin, yet it remains to be seen in which direction its value will trend.


Source: cointelegraph

Bitcoin Exchange Receives US Commodity Futures Trading Commission Approval

 In a move that may surprise many in the cryptocurrency world, the US Commodity Futures Trading Commission (CFTC) announced that LedgerX has officially been granted status as a Swap Execution Facility (SEF).

This represents a major hurdle in the company’s overarching plan of becoming the first federally recognized exchange able to trade Bitcoin options. The final step to this major achievement is the approval from the CFTC as a Derivatives Clearing Organization (DCO). Once this has been granted, LedgerX will be the “first federally regulated Bitcoin options exchange and clearinghouse to list and clear fully-collateralized, physically-settled Bitcoin options for the institutional market.”

The company is now among a very rare breed of only 25 financial groups who have SEF status including Bloomberg and the Chicago Mercantile Exchange. The company had been held back by the need for additional capital to collateralize its trades but was able to garner enough support in a recent round of capital raising.

Some would argue that the decentralized nature of cryptocurrencies demands that government regulatory boards be kept from influencing them. However, their growing popularity has led some to call for greater levels of regulation in order to provide the necessary stability for institutional investors to take part.


Source: cointelegraph

CFTC Formally Registers New Cryptocurrency Swap Execution Facility

The US Commodity Futures Trading Commission (CFTC) has granted blockchain startup LedgerX its formal registration as a swap execution facility (SEF), making it the second company ever to be granted the ability to trade digital currency derivatives.

While a notable milestone, it's the latest in a long process for LedgerX that is still far from over. Still pending approval is the final regulatory milestone to launching what could end up being the first cryptocurrency options firm licensed by the CFTC to do business in any number of cryptocurrencies, including bitcoin and ether.

LedgerX CEO Paul Chou told CoinDesk:

"We are pleased to have received full registration as a SEF from the CFTC for the trading of digital currency derivatives."


Founded in 2013, LedgerX first received a temporary approval to operate as an SEF in 2015, but this latest development makes that decision final. With today's registration, LedgerX is now required to comply with provisions set forth in the Commodity Exchange Act (CEA) and other regulations specific to the CFTC.

New Jersey-based Tera-Exchange was registered as an SEF last year.

As part of the New York-based startup's push to become the first derivatives clearing organization (DCO) registered to trade cryptocurrencies, the firm earlier this year raised $11.4m led by investors Miami International Holdings and Huiyin Blockchain Venture Investments.

As a result of that capital, Chou believes LedgerX is on the cusp of creating a cryptocurrency options market that could increase the number of institutional investors able to invest in the asset class and help stabilize the price of the currency by enabling a more reliable hedges.

"We look forward to working with the CFTC on finalizing the DCO registration," he said.

Editor's Note: This article has been amended to show that Tera Excahnge was registered as an SEF last year.


Source: coindesk

 

Is Ethereum Getting Ready For Mass Adoption?

The massive jump of Ether price in the past few months has caught the attention of lots of investors. However, many of them are still questioning whether this cryptocurrency is viable for being adopted by the crowd.

Some common arguments are that Ethereum can currently process around 20 transactions per second, while Visa is capable of handling over 24,000. Another argument can be that it is challenging for somebody with little technical experience to set up an Ether wallet.

These are all valid logical reasonings. However, there are also some facts that may indicate that Ethereum is actually moving towards mainstream adoption.

Mainstream applications

The Internet didn’t go mainstream the moment Tim Berners-Lee developed the Hypertext Transfer Protocol (HTTP). It went mainstream when search engines like Google, social networks like Facebook and email services like AOL were introduced.

We may be seeing a similar trend with the Ethereum network right now.

Since early 2017, the crypto space saw a massive Initial Coin Offering craze. Nearly every single day, there’s a company somewhere around the world that is issuing a token to collect enough capital to start developing their idea. Investors that were active in the late 90’s will see the similarities between this and the dot-com bubble that burst in 2001.

The good part about the current exuberance in the ICO space is that a lot of startups that would have never obtained funding through traditional ways like VC’s are now raising millions in just seconds. Of course, most of these businesses will end up failing in the long-term. However, some of them will survive and play an important role in the mainstream adoption of the Ethereum Blockchain.

It is yet to be seen if projects like Status, True Flip and ICONOMI that recently had successful ICO’s will manage to become those “Killer Apps.” One thing is sure mainstream apps will come. And at the current pace of one ICO per day, it probably won’t take too long.

The flippening

Most Ethereum supporters predict that in the future, Ether’s market cap will surpass Bitcoin’s. This event is called “The flippening” and can be followed through websites like Flippening.watch.

If this event occurs, it will most likely have a positive impact on the adoption of Ether as a mainstream method of payment. Right now, very few people know that cryptocurrencies exist, even less have a clue about what Bitcoin is, and only a fraction have ever heard about Ethereum.

By comparing charts on Google Trends, we can see that the search volume is twice as high for Bitcoin than it is for Ethereum. Since Bitcoin is the largest cryptocurrency by market cap out there, many new investors consider it the most reasonable investment.

If the flippening happens, it would be a highly covered event by the media. Every major news outlet that has written about Bitcoin once will inevitably post something along the lines “Ether just became the largest cryptocurrency in the world. Sorry Bitcoin.” This would very likely trigger a wave of investors that suddenly become interested in Ether, which is the key to mainstream adoption.

On the other hand, it is also important to note that currently, Ether’s market cap is of around $25 bln, while Bitcoin’s is over $40 bln. So unless something very unexpected happens, the flippening is still just wishful thinking.

Proof of Stake (PoS)

Transactions on the Ethereum network are verified through the Proof of Work Protocol. People that are called “miners” make use of huge computing power to solve complex cryptographic problems of Ethereum’ s Blockchain. Every time they solve one, they get rewarded with new Ether.

However, this system is not a long-term solution. Proof of Work consumes a lot of electricity, it can’t protect the network from a 51 percent attack, and it has a limited amount of transactions that it can verify per second.

Therefore, many core developers at Ethereum are working on implementing a new protocol for early 2018. This protocol is called Proof of Stake (PoS). Once it is implemented, every Ether holder can use his stake to verify transactions.

For now, it is still unknown what annual return investors might receive as a reward, but it will most likely be in the five to 10 percent range. This would make Ether very interesting for investors that are seeking dividend-paying assets.

This aspect, together with the fact that the network will be capable of handling a lot more transactions, makes the successful switch to PoS a crucial step toward mass adoption.

Enterprise Ethereum Alliance

Last but not least, there’s the Enterprise Ethereum Alliance (EEA). The EEA connects Fortune 500 companies with Ethereum experts. Some notable members of the alliance are Microsoft, JP Morgan, Credit Suisse and Intel.

The objective of the EEA is to solve the problems of large corporations using the Ethereum Blockchain and the Ether token. By doing so, the Alliance is discovering new applications of Ethereum on a monthly basis.

Until now the EEA has been very secretive with their achievements. But for the coming months, there are expectations for some game-changing announcements.

Although Ethereum’ s future is still uncertain, several indicators show that its core technology is moving in the right direction.

Exciting times are ahead of us.

Enjoy the ride.



Source: cointelegraph

 

Coin Center Demonstrates How Bitcoin Works Before the Congress

Coin Center, a nonprofit research and advocacy agency, demonstrates how Bitcoin works before the members of the Terrorism and Illicit Finance Subcommittee of the House Financial Services Committee on June 29, 2017.

Addressing concerns among government agencies

The growing population of Bitcoin miners and enthusiasts has alerted the government about the security repercussions which eventually led to series of discussions. The aforementioned committee held a hearing assessing the national security involving Blockchain technology transactions.

The US Congress is concerned about the rise of Bitcoin now that it has been linked to several illegal activities and money laundering with their major worry being its potential use for terrorist funding hence the introduction of Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017 bill.

Fighting for Bitcoin cause

Coin Center executive director Jerry Brito testified before the committee to explain how Blockchain networks like Bitcoin actually work on hearing entitled “Virtual Currency: Financial Innovation and National Security Implications”.

According to the memorandum of the said hearing, they’ve particularly explored “terrorists and illicit use of financial technology (FinTech), the national security implications of virtual currencies such as Bitcoin, and the use of “blockchain” technologies to record transactions and uncover illicit activities”.

For his part, Brito stressed on the fact that lawmakers should be approaching Blockchain technology as purpose-agnostic platform. Just like before the internet hit mass adoption, it was also rich with innovative potentials.

Thus, the Blockchain advocacy agency called for a sound government approach on cryptocurrency. Furthermore, they also aim to educate the Committee so that they will understand the whole scenario and avoid relying solely upon third party information when assessing information about digital currency.

Clarifying concerns

Coin Center believes that the underlying concerns about the Blockchain technology is the lack of proper regulations and deep understanding of the technology. The agency argued that such issues can be avoided by helping the governing bodies get sufficient working knowledge about cryptocurrency.

In a demonstration day event held last week, Coin Center shared about the benefits of cryptocurrencies and tackled their alleged risks. They partnered with Xapo, Chainalysis, and Elliptic to show how a typical user interacts with the Bitcoin network.

According to Coin Center, the demo covered the processes starting from setting up a digital wallet and a hosted wallet, the stringent AML/KYC process, sending a transaction, to viewing transactions.

With this educational effort for the cryptocurrency, it is still uncertain whether or not the government will consider the new facts laid before them into their decision making.




Source: cointelegraph

Stock Analyst Predicts Bitcoin Price to Reach $50,000 in 10 Years: Bloomberg

Seasoned stock picker Ronnie Moas, who has made more than 900 stock recommendations in the past 13 years, said that Bitcoin price will increase by twofold up to $5,000 in 2018, and will hit a staggering $25,000-50,000 in the next ten years.

As discussed in his one-man show at Standpoint Research, Moas, however, claimed that his forecast is for informational purposes only, Bloomberg reports.

Equity investors taking notice

Moas’ prediction is one of the testaments of the growing popularity of digital currencies in investment world.


In fact, equity investors who have had no previous involvements in cryptocurrencies are now beginning to evaluate and bet on such cryptocurrencies such as Bitcoin, Litecoin, and Ethereum, as well as other Blockchain assets.

Bullish about Bitcoin

The price of Bitcoin has already increased by over twofold and hit a peak of USD 3,000 during January - July 2017. The reasons behind it include its growing adoption in the commercial market and the support by an increasing number of financial institutions.

Part of Moas’ report on Bitcoin read:

“There are only 21,000,000 bitcoins in circulation and the world will fight over those 21 million coins as confidence in currency and other investments deteriorates. I have little doubt that 1% of the money in cash, bonds, stocks and gold will end up in cryptocurrencies.”


Potentially hitting triple-digit returns

Meanwhile, the second-largest cryptocurrency, Ethereum, has also shown an increasing popularity among investors during the fundraising rounds for tech startups or ICOs with its price likely to hit $1,000, according to Aragon Co-founder Luis Cuende.

Moas, however, claimed that there is a possibility of a “bubble” in the cryptocurrency market in the near term.

In the long term, however, the seasoned stock picker and analyst maintained a very bullish outlook, stating that there is a potential of achieving triple-digit returns.



Source: cointelegraph

Bitcoin Could Hit Near $4,000: Goldman Sachs’ Chief Analyst

Although bitcoin price has grown 3x at peak levels this year, better gains are yet to come, according to Goldman Sachs’ chief technician.

Get exclusive analysis of bitcoin and learn from our trading tutorials. Join Hacked.com for just $39 now.

Bitcoin has been on a historic tear in 2017. After ringing in the year at $1,000 on the very first day of January, bitcoin price reached an all-time high of $3,000 in mid-June. The remarkable rise amid an overall boom period for cryptocurrencies has seen skepticism from some observers who have pointed to inflated values amid accusations of a bubble. Others are looking at more bullish gains.

In a note sent to clients, Sheba Jafari – Goldman Sachs’ head of technical strategy predicts bitcoin to climb higher, ultimately getting near $4,000.

Jafari, who was persuaded into covering bitcoin by Goldman Sachs’ clients recently, sees the current corrective course to tread longer with upward gains to be the ultimate outcome.

Jafari, who is also the vice president of the investment bank’s securities division, sees bitcoin “still in a corrective 4th wave”, as reported by the Business Insider.


That fourth wave “shouldn’t go much further (lower) than $1,857”, the head analyst told her Wall Street clients.

The upcoming 5th wave is to take a bullish turn, according to her analysis.

She wrote:

From current levels, this has been a minimum target that goes out to $3,212. There’s potential to extend as far as $3,915. It just might take time to get there.

It was “due to popular demand” that Jafari began covering bitcoin a month ago. The first analysis, in comparison, was a more bearish take based on price trends at the time.

As things stand, bitcoin is up 5.28% on the day, according to data from CoinmarketCap. The cryptocurrency is trading at $2573 on a global average and struck a high of $2,601 on Monday, a 7-day high following the downward turn a week ago.

On Bitstamp, bitcoin hit a high of $2,595 on Monday.

 

 

 

 

Source: cryptocoinsnews

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QUESTIONS?

Here is a collection of some frequently asked questions from our clients:

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How can I open an account?

  You will need a reference person who can assist you in registering an account with SBC or you can personally create an account directly from a referral link. General information is required as follows: 
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  Starting from the 8th day, you’ll be receiving interest payment for the first day. When you get all interests for 300 days, your benefits will stop provided that you have to make a reinvestment of 15% every 60 days.

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All you need is to send an email to our customer support and provide your information. The system will check and email the login credentials to you. 

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You can transfer money within your system so that you can easily boost the investment packages and support the system.

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You are required to make the 15% reinvestment after 60 days period of getting the interests, otherwise your account will be disabled. Only when you complete the reinvestment amount, your account will be reactivated and qualified for the interest and commission.

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We collect information from you when You register for an account to use the Services or Exchange and when You use such Services.

 

V. HOW WE USE YOUR INFORMATION

Primary uses for Your information are to provide You with services You have requested and/or paid for, to conduct customer identification and anti-money laundering reviews and compliance and to comply with applicable law. We may also use your information to deliver customized services to you. Member personal information, login information and e-mail addresses may be disclosed to third parties for the purpose of providing certain features or third-party services associated with the Exchange, including Our Anti-Money Laundering client verification providers for the purpose of complying with applicable laws. The Site may contain links to other third party websites, which are regulated by their own privacy policies. We are not responsible for the privacy policies of these other third party websites even if You accessed them using links from the Site or were linked to the Site from a third party website. We are not responsible for how third parties use your information, and you should become familiar with such third parties’ privacy policies prior to requesting their services. Non-personal and aggregate information, such as that collected passively, is used in order to customize our marketing efforts or to customize the efficient use of Our Site for an aggregate group of customers. We additionally may use the personal information of Users whose membership has expired or has been cancelled in order to market our services to these individuals in the future. We generally will use your information for the purposes for which you specifically provide it, for example, to ensure payment for subscription services, if applicable. We may also use your information for market research purposes in the form of aggregate data – in order to increase Your (and other Users’) experience according to tracked interests, to analyze and target potential new markets, and for other marketing purposes. Such general information may be shared with third parties to show general service usage but is however not linked to personally identifiable information.

 

VI. SPECIAL CASES

We take the protection of your personal information very seriously and recognize the need to keep Your personal information registered with the Site secure. Save as expressly provided herein, Your personal information will not be passed on by Us or by Our agents for use by third parties in any form whatsoever unless We have obtained Your consent or are legally required to do so or except for the following purposes. It is our policy not to use or share the personal information about Browsers or Members in ways unrelated to those described in this Policy without also providing you an opportunity to opt out or otherwise prohibit such unrelated uses. However, We may disclose personal information about Browsers or Members (including all information and documentation provided to us concerning a Member), or information regarding Your use of the services or Site(s) accessible through Our services, for any reason if, in Our sole discretion, We believe that it is reasonable to do so, including but not limited to:

1 To satisfy or comply with any laws, such as the Electronic Communications Privacy Act, regulations, or governmental, or legal requests for such information;

2 To conduct our customer identification and anti-money laundering reviews and compliance (e.g., by providing personal information about Members to third-party identity verification services);

3 To make reports concerning suspicious activity, potential money laundering, terrorism financing or other potentially unlawful activity to law enforcement agencies, regulatory agencies and other governmental agencies in any jurisdiction where we deem it appropriate in our sole discretion;

4 To disclose information that is necessary to identify, contact, or bring legal action against someone who may be violating our Terms & Conditions or other User policies;

5 To operate Our Site, Services and Exchange properly;

6 To protect Ourselves, Our Members, and the general public, We specifically reserve the right to disclose any and all information to law enforcement in the event that a crime is committed, is suspected, or if We are compelled to do so by lawful criminal, civil, or administrative process, discovery requests, subpoenas, court orders, writs, or reasonable request of authorities or persons with the reasonable power to obtain such process.

7 It is further within our sole discretion to cooperate with and disclose information to law enforcement, private party litigants and governmental agencies, about Our Users to the extent required by applicable law.

8 If we have reason to believe that a Member is not the owner an account, even if the account use is authorized, we may provide information about you.

9 Anyone who violates Our Anti-Spam Policy, if applicable, may have their personal information made public. If there is any investigation on any unlawful spamming, or any use of bulk e-mail in order to promote Your User profile, or any use of bulk e-mail in any manner that leads back to Our Site, or any one of Our Sites, We may take such steps as we deem appropriate in our discretion to ensure that Your bulk e-mail activities stop.

 

VII. TRANSMITTALS FROM US

We may send You periodic announcements including the details of Our existing and new programs. If You opt-out of these marketing emails, You may still receive system notices and other information that is specifically related to Your account. If you provide your information to us, use the Site, or subscribe to any of Our Services, You will have created a commercial relationship with Us. In having done so, You understand that even unsolicited commercial email sent from Us or Our affiliates is not SPAM as that term is defined under applicable law.

 

VIII. OUR COMMITMENT TO SATA SECURITY

We will retain control of and responsibility for the use of any personal information you disclose to us. We take measures to protect the transmission of all sensitive User information. We make all reasonable efforts to ensure the integrity and security of our network and systems by utilizing encrypted software and protective firewalls. All User information is retained in-house for the life of the account and is secured via administrative password protection. Nevertheless, We cannot guarantee that our security measures will prevent third-party ‘hackers’ from illegally obtaining this information. We take all reasonable measures to prevent such breaches of security, but you however acknowledge and agree that communications through the Internet is not entirely secure and hence, we are unable to guarantee that our security is one hundred percent (100%) breach-proof. You assume the risk of such breaches to the extent that they occur despite our reasonable security measures. Our security procedures shall nevertheless continuously be revised based on new technological developments. Whilst we have security measures in place to protect your personal information, please do not send any other confidential or proprietary information through the Site. You should exercise extreme caution when disclosing such confidential or proprietary information in this way. We will not be responsible for any loss or damage arising from disclosure of such confidential or proprietary information that is sent through the Site.

 

STRIKE BIT CLUB TERMS AND CONDITIONS

By using, accessing, ordering products, buying memberships, buying packages, downloading documents, selling memberships, and selling packages from this Website, you hereby agree to be bound by all of the following terms and conditions:

 

1.USE OF SITE.

Unless otherwise specified, Strike Bit Club, its affiliates and subsidiaries Web Sites are for your personal use. You may not modify, copy, distribute, transmit, display, reproduce, publish, license, create derivative works from, transfer, or sell any information obtained from Strike Bit Club’s Web Sites. Strike Bit Club authorizes you to view and download the materials at this Web Site only for your personal, non-commercial use, provided that you retain all copyright and other proprietary notices contained in the original materials on any copies of the materials. You may not modify the materials at this Site in any way or reproduce or publicly display, perform, or distribute or otherwise use them for any public or commercial purpose. For purposes of these Terms, any use of these materials on any other Web site or networked computer environment for any purpose is prohibited. The materials at this Site are copyrighted and any unauthorized use of any materials at this Site may violate copyright, trademark, and other laws. If you breach any of these Terms, your authorization to use this Site automatically terminates and you must immediately destroy any downloaded or printed materials.

 

2.TERMINATING THIS AGREEMENT

This Agreement will remain in effect as long as you access the Website, sell or buy any membership, sell or buy any package, or order anything from the Website.

We reserve the right to terminate this Agreement without notice and/or refuse to sell to anyone who We believe, in Our sole discretion, (i) has violated any of the terms of this Agreement, (ii) is abusing the Products or the services we provide, or (iii) is unable to provide us with sufficient information to allow us to properly identify the customer’s, independent distributor or club member real name, address, telephone number, legal identification card, passport or other information.

 

3.Individuals, Corporations, Tax Exempt Entities

Strike Bit Club will only consider for acceptance as club member, Independent distributor or club member that fall into one of the following categories:

a.) Individuals who are of the legal age.

b.) Married couples of which at least one is Legal age

c.) Corporations in good standing in the state, province, or country of their incorporation.

 

4.Proper Completion of Documents

All entries in the Strike Bit Club websites must be completely and properly filled out and acceptance by a check mark of the Independent Distributor Agreement, Terms and Conditions, Policies and Procedures, Income Disclosure, Spam and Privacy policies is indicative of an electronic signature used in signing the Strike Bit Club member agreement, terms and conditions and privacy policy. Strike Bit Club will not be responsible for loss of commissions or bonuses or for delays of registrations due to:

a) Errors by Club Members sending in wrong information for themselves or on behalf of clients.

b) Delays or errors caused by weak Internet connection, virus in your computer, hacker attack to your computer, blocking your sign up transmission.

 

5.DISCLAIMER.

THE MATERIALS PROVIDED AT THIS SITE ARE PROVIDED 'AS IS' WITHOUT ANY WARRANTIES OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT OF INTELLECTUAL PROPERTY. Strike Bit Club further does not warrant the accuracy and completeness of the materials at this Site. Strike Bit Club may make changes to the materials at this Site, or to the products, prices or compensation plan described in them, at any time without notice. The materials at this Site may be out of date, and Strike Bit Club makes no commitment to update the materials at this Site. Information published at this Site may refer to products; programs or services that are intended for use only in a specific country and may not be used or relied upon in any other country. Applicable law may not allow the exclusion of implied warranties, so the above exclusion may not apply to you.

 

6.TERMINATION/ACCESS RESTRICTION

Strike Bit Club reserves the right, in its sole discretion, to terminate your access to any or all Strike Bit Club Web Sites, back office and the related services or any portion thereof at any time, without notice. Reasons for termination include but are not limited to:

a) Defamation, Slander or Libel of Strike Bit Club or other members

b) Joining another company that promotes digital or crypto currency products in violation of these terms and conditions

c) Falsely promoting Strike Bit Club in any way that causes damages to Strikebit Club’s reputation

d) Using any sales language other than official sales language of Strikebit Club

e) Promising or guaranteeing any “returns on investment”

f) Promising or guaranteeing any profit

g) Promising or guaranteeing any passive income

h) Using a false identity

i) Strike Bit Club is unable to verify identity

j) Member owes money to the company

k) Member owes money to other affiliates

l) Member failed to perform obligations as a member and distributor

m) Unauthorized use of another’s account

o) Violating any terms and conditions

p) Other misconduct and violations

q) Violations of law of any Country or State

 

7.MODIFICATION of THESE TERMS of USE.

Strike Bit Club may revise these Terms at any time by updating this posting. You should visit this page from time to time to review the then-current Terms because they are binding on you. Certain provisions of these Terms may be superseded by expressly designated legal notices or terms located on particular pages at this Site.

 

8.LIMITATION of LIABILITY.

IN NO EVENT WILL STRIKE BIT CLUB, ITS SUPPLIERS, OR OTHER THIRD PARTIES MENTIONED AT THIS SITE BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, THOSE RESULTING FROM LOST PROFITS, LOST DATA OR BUSINESS INTERRUPTION) ARISING OUT OF THE USE, INABILITY TO USE, OR THE RESULTS OF USE OF THIS SITE, ANY WEB SITES LINKED TO THIS SITE, OR THE MATERIALS OR INFORMATION CONTAINED AT ANY OR ALL SUCH SITES, WHETHER BASED ON WARRANTY, CONTRACT, TORT OR ANY OTHER LEGAL THEORY AND WHETHER OR NOT ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IF YOUR USE OF THE MATERIALS OR INFORMATION FROM THIS SITE RESULTS IN THE NEED FOR SERVICING, REPAIR OR CORRECTION OF EQUIPMENT OR DATA, YOU ASSUME ALL COSTS THEREOF. APPLICABLE LAW MAY NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATION OR EXCLUSION MAY NOT APPLY TO YOU.

 

9.INDEMNIFICATION

You agree to defend, indemnify, and hold harmless Strike Bit Club, its officers, directors, shareholders, employees, independent contractors, telecommunication providers, and agents, from and against any and all claims, actions, loss, liabilities, expenses, costs, or demands, including without limitation legal and accounting fees, for all damages directly, indirectly, and/or consequentially resulting or allegedly resulting from Your misuse or inability to use the Website, or Your breach of any of these terms and conditions of this Agreement. We shall promptly notify you by electronic mail of any such claim or suit, and cooperate fully (at Your expense) in the defense of such claim or suit. If we do not hear from you promptly, we reserve the right to defend such claim or suit and seek full recompense from you.

 

10.MEMBERSHIP REFUND

When a Strike Bit Club Member applicant, enrolls and purchases a Membership or package, Strike Bit Club immediately pays 50% for commissions and uses 50% to trade crypto currencies with third party exchanges. All memberships are not refundable, all memberships we pay are final, and the new club member or independent distributor agrees that there are not refunds for any purchase.

 

11.ELECTRONIC SIGNATURES / ASSENT REQUIRED

No one is authorized or allowed to access this Site or use the Services unless he, she or it has signed this Agreement. Such signature does not need to be a physical signature, since electronic acceptance of this Agreement is permitted by various jurisdictions’ laws, such as the Electronic Signatures in Global and National Commerce Act (E-Sign Act) and similar legislation. You manifest your agreement to this Agreement by taking any act demonstrating your assent thereto. Most likely, you have clicked or will click a button containing the words “I agree” or some similar syntax. You should understand that this has the same legal effect as you placing your physical signature on any other legal contract. If you click any link, button or other device provided to you in any part of our Site’s interface, then you have legally agreed to all of these Terms and Conditions. Additionally, by using any part of our Site or Services in any manner, including the Exchange, you understand and agree that such use constitutes your affirmation of your complete and unconditional No one is authorized or allowed to access this Site or use the Services unless he, she or it has signed this Agreement. Such signature does not need to be a physical signature, since electronic acceptance of this Agreement is permitted by various jurisdictions’ laws, such as the Electronic Signatures in Global and National Commerce Act (E-Sign Act) acceptance to all of the terms in this Agreement. Even if you fail to sign this Agreement, you understand and agree that you are still bound by the terms of this Agreement by virtue of your viewing the Site or using any portion of the Site or our Services.

 

12.NOT A BANK OR TRUST ACCOUNT

Your account with us (and any available currency therein) is not a bank account, a trust account, a securities account, a credit card or deposit account. Our services are not financial instruments. No interest will be paid on any funds or currency you use to purchase or trade for any other currency, bitcoin, or any other thing with other members, and all assets, including such currency or bitcoin, that are directly held by the company are not insured by the company or any government agency. All currency bought and sold by you will be associated with your account until used to purchase or sell from or with other members or until withdrawn by you.

 

13.DISCLAIMER; RISK FACTORS

1.Strike Bit Club is not responsible for any loss or damage incurred by you as a result of your use of our Services or for your failure to understand the nature of virtual currencies or the market for such currencies. All we are providing you is a method by which you can exchange, trade, mine and store certain virtual currencies, and we make no representations or warranties concerning the value, stability, or legality of any such virtual currencies.

2. You acknowledge the following risks related to your use of the Site and the Services:

3. The risk of loss in trading virtual currencies such as Bitcoin (collectively, “Digital Assets”) may be substantial and losses may occur over a short period of time.

4. The price and liquidity of Digital Assets has been subject to large fluctuations in the past and may be subject to large fluctuations in the future.

5. Digital Assets are not legal tender, not backed by any government, and accounts and value balances are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections.

6. Legislative and regulatory changes or actions at the state, federal or international level may adversely affect the use, transfer, exchange and value of Digital Assets.

7. Transactions in Digital Assets may be irreversible, and accordingly, losses due to fraudulent or accidental transactions may not be recoverable.

8. Some Digital Assets transactions shall be deemed to be made when recorded on a public ledger, which is not necessarily the date or time that the customer initiates the transactions.

9. The value of Digital Assets may be derived from the continued willingness of market participants to exchange fiat currencies for Digital Assets, which may result in the potential for permanent and total loss of value of a particular virtual currency should the market for that virtual currency disappear.

10. There is no assurance that a person who accepts Digital Assets as a payment today will continue to do so in the future.

11. The nature of Digital Assets may lead to an increased risk of fraud or cyber attack, and may mean that technological difficulties experienced by the Company may prevent the access or use of your Digital Assets.

12. Your account with Strike Bit Club may not be sufficient to cover all losses incurred by you.

You acknowledge and agree that you are solely responsible for determining the nature, potential value, suitability, and appropriateness of those risks for you, and that Strike Bit Club does not give advice or recommendations regarding Digital Assets, including the suitability and appropriateness of, and investment strategies for, Digital Assets. You acknowledge and agree that you shall access and use the Services and the Site at your own risk. This brief statement does not disclose all of the risks associated with trading, exchanging, mining and storing in Digital Assets. You should, therefore, carefully consider whether such trading, exchanging, mining and storing’s are suitable for you in light of your circumstances and financial resources. You should be aware that you may sustain a total loss of the funds in your Account (as defined below), and that under certain market conditions, you may find it difficult or impossible to liquidate a position.

 

14.VIRTUAL CURRENCY VALUES

You understand and agree that, due to technical and other restrictions, the virtual currency values displayed on our Site may be delayed and therefore not reflect the current, live market value of such currency.

Nonetheless, you agree that the values displayed on our Site control your Account and your use of the Site and Services.

 

15.YOUR ACCOUNT REGISTRATION DATA

In order to use Strike Bit club systems, you must create an account with us (your "Account"). Your Account will be used to store various virtual currency amounts as deposited by you. In creating your Account, you may be asked to provide certain registration details and information. In order to verify your identity, some of this information may be personal, private or detailed. In connection with completing the online registration form, you agree to provide true, accurate,current and complete information about yourself as prompted by the registration form (such information being the "Registration Data");and you further agree to maintain and promptly update the Registration Data to keep it true, accurate, current and complete at all times while you are a Member. While we use reasonable efforts to protect the personal information of others from inadvertent release or misappropriation, we are not responsible for the intentional or criminal acts of third parties such as hackers or "phishers".

 

16.CHANGES TO REGISTRATION DATA

You must promptly inform us of all changes, including, but not limited to, changes in your address and changes in any virtual or fiat currency account used by you in connection with the Site and Services, if applicable. If you provide any information that is untrue, inaccurate, not current or incomplete, or if we or any of our authorized agents have reasonable grounds to suspect that such information is untrue, inaccurate, not current or incomplete, we have the right to suspend or terminate your Account and refuse any and all current or future use of the Site and Services by you, as well as subject you to civil liability or refer you to the appropriate law enforcement authorities for criminal prosecution. We shall not be liable to make any compensation, monetary or otherwise, following such suspension, termination or inability to use the Site or the Services. You are responsible for any fees that the Company incurs with respect to your Account. If you fail to reimburse us for any fees within thirty (30) days of our initial demand for reimbursement, you agree that you will pay us five hundred dollars ($500) as liquidated damages, being a genuine pre-estimate of loss and damage suffered by the Strike Bit Club, as well as any costs incurred by the Company for each fee incurred plus interest on the amount owed at a rate equal to the lesser of 0.7 - 1.3 % per month or (ii) the maximum rate permitted by applicable law.

 

17.YOUR ACCOUNT RESPONSIBILITY

You are entirely responsible for any and all activities conducted through your Account. You agree to notify us immediately of any unauthorized use of your password or Member ID, as well as of any other breach of security. While we may implement certain monitoring procedures designed to alert us to fraudulent activity, we are not responsible for any unauthorized use of your Account, and you agree that you are responsible for such unauthorized use and for protecting the confidentiality of your password.

 

18.NO ACCOUNT TRANSFERS

Control or use of your Account may not be transferred, leased, assigned or sold to a third party. We disclaim any and all liability arising from fraudulent entry and use of the Site. If a User fraudulently obtains access to your Account, we may terminate the User’s access and membership immediately and take all necessary and appropriate actions under applicable federal, state, and international laws.

 

19.PASSWORD SECURITY

As part of our security measures and policies, please note that we will never ask you, for any reason, whether by email, regular mail or telephone, to disclose your account password. Password inquiries will only be conducted online and only after you have signed onto the company’s site. We will never send you embedded links in an email requesting that you sign onto the site by clicking such a link. If you receive an embedded link by email, claiming to be from us, you should not open it or click on the link. The email in not from us and is likely fraudulent. Never give your account password to anyone whom you do not intend to authorize to use your account.

 

20.THIRD PARTY ACCOUNT INFORMATION

In order to provide you with the Services, you may also be required to disclose certain other third-party account information to us, including, without limitation, your Bitcoin addresses and related information. As indicated elsewhere in this Agreement, we are not responsible for any unauthorized use of your Account with the Company or any third-party accounts.

 

21.FUNDING YOUR ACCOUNT

After creating your Account with Strike Bit Club, you will be able to fund your Account by transferring, from your bitcoin account to the Strike Bit club account No fees are charged by us for funding your Account. After funding your account please take a screenshot of the transfer and upload it.

 

22.NO REVERSAL OF TRADES

Once an order has been executed (transfer user to user, deposit btc in your cash wallet or request of payout) and the appropriate currencies have been credited and debited from the Members’ Accounts, there is no way to reverse the transaction.

 

23.SERVICE INTERRUPTION

From time to time due to technological factors, scheduled software uploads and other factors beyond or within our control, the Site, or other Services may be temporarily interrupted. You agree that we are not liable for any loss and damage arising from such interruption and you agree to hold us harmless against any such interruption of or inability to access the Site or Services.

 

24.WITHDRAWING CURRENCY

In addition to allowing Members to trade virtual currency, Strike Bit Exchange allows Members to withdraw virtual currency upon request to us. Members may withdraw all or some of their virtual currency, and there is no minimum amount of virtual currency required to maintain your status as a Member (however, as indicated above, you may only trade or sell virtual currency up to the amount shown as belonging to you in the ledger maintained in your wallet). ABC currency will be transferred from the Exchange’s account to the specific Bitcoin address provided by the Member. Withdrawals will generally take up to three (3) days to complete, provided that larger withdrawals may take up to thirty (30) days to complete and that any withdrawal may be delayed as necessary to comply with applicable law and/or the Exchange’s customer identification and anti-money laundering procedures.

 

25. STRIKE BIT CLUB DOES NOT ENGAGE IN THE SALES of SECURITIES OR INVESTMENTS

You understand and agree that:

1) Strike Bit Club does not engage in the sales or offering of securities;

2) This is not an offer for sale of a security, investment contract, investment opportunity, offering, etc., or trust instrument, as defined by the United States Securities Act of 1933, as amended, as well as any law or regulation of any Country, State or Territory.

3) Strike Bit Club will not be registered as an investment company under the Investment Company Act of 1940, as amended.

4) In making your decision to purchase a membership in Strike Bit Club, you must rely upon your own examination of the terms of the agreement, including the merits and risks involved. No documentation of Strike Bit Club have been filed with or approved or disapproved by the Securities and Exchange Commission (“SEC”) or any other state or federal governmental agency or any national securities exchange. Neither the SEC nor any such agency has passed upon the accuracy or adequacy of Airbit Club or the merits of the purchase of a membership of in Strike Bit Club. Any representation to the contrary is a criminal offense.

Strike Bit Club will make available to any prospective member of Strike Bit Club the opportunity to ask questions of and to receive answers from Strike Bit Club regarding the membership and the terms and conditions of this membership and to obtain any additional relevant information to the extent Strike Bit Club possesses such information or can obtain it without unreasonable effort or expense.

5) The terms and conditions and membership rights of Strike Bit Club do not constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or permitted by law.

6) Should any portion of the terms of Strike Bit club be considered by any Court to be a security, the TERMS OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF CERTAIN STATES AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF SAID ACT AND SUCH LAWS. THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION, ANY STATE SECURITIES COMMISSION, OR ANY OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THIS OFFERING OR THE ACCURACY OR ADEQUACY OF THIS MEMORANDUM. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

7) Members of Strike Bit Club SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS PURCHASE FOR A SUBSTANTIAL PERIOD OF TIME.

8) Membership in Strike Bit Club involves significant risks. Strike Bit Club will not be registered as an investment company and therefore will not be required to adhere to any investment policies under the Investment Company Act of 1940, as amended.

9) Membership in Strike Bit Club ENTAILS SUBSTANTIAL RISKS AND THERE CAN BE NO ASSURANCE THAT THE OBJECTIVES OF Airbit Club WILL BE ACHIEVED. THE PRACTICES OF Strike Bit Club MAY EMPLOY FROM TIME TO TIME CAN, IN CERTAIN CIRCUMSTANCES, INCREASE THE ADVERSE IMPACT TO WHICH THE Members’ account MAY BE SUBJECT.

10) POTENTIAL MEMBERS ARE CAUTIONED TO REFER TO THESE TERMS AND CONDITIONS FOR A DISCUSSION OF THE TERMS OF MEMBERSHIP AND RISK AND OTHER FACTORS RELATIVE TO MEMBERSHIP IN AIRBIT CLUB. IN THE EVENT OF ANY INCONSISTENCY BETWEEN ANY OTHER MATERIALS PREVIOUSLY PROVIDED AND THISE TERMS AND CONDITIONS, THE TERMS AND CONDITIONS CONTAINED HEREIN SHALL BE CONTROLLING.

11) Prospective MEMBERS should consider the following factors in determining whether TO PURCHASE A MEMBERSHIP:

a) Lack of Operating History. Strike Bit Club is a newly formed entity and has no operating history upon which members can evaluate the likely performance of the club.

b) Business Dependent Upon Bitcoin Value.

c) Individual members and distributors of Strike Bit  Club are not owners of Strike Bit  Club.

d) Absence of Regulatory Oversight. Strike Bit  Club is not registered as an investment company under the 1940 Act, in reliance upon an exemption available to privately offered investment companies under Section 3(c)(1) of the 1940Act, and, accordingly, the provisions of the 1940 Act (which, among other things, require investment companies to have a majority of disinterested directors, require securities held in custody to be individually segregated at all times from the securities of any other person and to be marked to clearly identify such securities as the property of such investment company, and regulate the relationship between the advisor and the investment company) are not applicable.

e) There is no guarantee or representation is made that Strike Bit Club’s plan or program will be successful.

f) Strike Bit  Club members may purchase and sell bitcoin and memberships to each other without transferring such money directly to Strike Bit Club so long as the purchased memberships are created on the purchaser’s behalf and the member receives their membership. Members may use such fund as they see fit and purchasers have no recourse that they believe the money would flow directly to Strike Bit Club. Purchasers of such membership waive any rights to claim they thought their purchase money would go directly to Strike Bit Club.

12) Members must be aware that there are no promised rates of return.

13) You must be an accredited investor as defined in Rule 501 of Regulation D of §230.501 of the Securities Act of 1933 to purchase a membership in Strike Bit Club.

 

26. LIVE MARKET DATA

While virtual currency market values as publicly displayed on the Site may be delayed, we may offer access to live market value data via technical measures such as the FIX (Financial Information exchange) protocol. This live market value data is valuable to us, and we take proprietary measures to keep all live market value data confidential and inaccessible to the public. To the extent that you receive access to such live data, you hereby agree that you will not redistribute, retransmit, duplicate, or otherwise make such data available in any way, either through automated, manual, or any other means. Any distribution or transmission of our live market values feed is a material breach of this Agreement as well as a violation of our trade secrets. You agree that we are not responsible for any failure or outage in the live market value data provided by us.

 

27.AGREEMENT TO RECEIVE NOTIFICATIONS AND OTHER COMMUNICATIONS

We reserve the right to send electronic mail or other messages to you and to other Members. The purpose of these communications may include, but is not limited to:

(i) Providing you with information concerning your Account;

(ii) Providing information to you regarding products or services offered by our affiliates or partners;

(iii) Informing you about any of our related products or services; or

(iv) Providing you with information about any item that we think, in our sole discretion, may be of interest to you.

 

28. RESTRICTIONS ON USE

Without our express prior written authorization, you may not:

{i) Duplicate any part of our Site or the Materials contained therein or received via the Services (except as expressly provided elsewhere in this Agreement);

(ii) Create any derivative works based on our Site or any of the Materials contained therein or received via the Services, and you agree and stipulate that any and all derivative works are NOT "fair use";

(iii) Use our Site or Services, or any of the Materials contained therein, for any public display, public performance, sale or rental, and you hereby agree and stipulate that any and all such uses are NOT "fair use";

(iv) Re-distribute our Site or any of the Materials contained therein or received through the Services, and you hereby agree and stipulate that any and all such uses is NOT "fair use";

(v) Remove any copyright or other proprietary notices from our Site or any of the Materials contained therein;

(vi) Frame or utilize any framing techniques in connection with our Site or any of the Materials contained therein;

(vii) Use any meta-tags, pay-per-click advertising, or any other hidden text using our Site's name or marks, and you hereby stipulate that any use of the Site's name or marks, or any other marks owned by Us is an infringement upon our trademark rights, and you stipulate to make payment of liquidated damages of ten thousand dollars ($10,000) per such infringement as a genuine pre-estimate of the loss and damage that will be suffered by Us as a result of such infringement, plus you agree to pay any and all fees incurred in the recovery of this amount, including attorney's fees and all associated costs;

(viii) "Deep-link" to any page of our Site, or avoid agreement to the Site’s Terms & Conditions (for the avoidance of doubt, you may only link to the main entry page);

(ix) Circumvent any encryption or other security tools used anywhere on the Site or in conjunction with the Services (including the theft of usernames and passwords or using another person’s username and password in order to gain access to a restricted area of the Site);

(x) Use any data mining, bots, scrapers or similar data gathering and extraction tools on the Site or in conjunction with the Services;

(xi) Sell, rent, lease, license, sublicense, transfer, distribute, re-transmit, time-share, use as a service bureau or otherwise assign to any third party the Materials or Services or any of your rights to access and use the Materials or Services as granted specifically by this Agreement;

(xii) Use our Services for any commercial purpose unless expressly agreed to by us in writing and at our sole discretion;

(xiii) Use our Services to impersonate any other User or person;

(xiv) Use any Material or information on our Site or included in our Services in any manner that infringes any copyright, trademark, patent, trade secret, publicity or other proprietary right of any party;

(xv) Upload or attempt to upload files that contain viruses, Trojan horses, worms, time bombs, cancelbots, corrupted files, or any other similar software or programs that may damage the operation of another’s property;

(xvi) Upload, post, email or otherwise transmit any submission that you do not have a right to transmit under contractual, fiduciary or other relationships (such as inside information, trade secrets, proprietary and confidential information learned or disclosed as part of employment relationships or under nondisclosure agreements);

(xvii) Upload, post, email or otherwise transmit any unsolicited or unauthorized advertising, promotional materials, 'junk mail,' 'spam,' 'chain letters,' 'pyramid schemes,' or any other form of solicitation, except in those areas that we may designate for such purpose;

(xviii) Falsify or delete any author attributions, legal or other proper notices or proprietary designations or labels of the origin or source material that is uploaded or otherwise provided by you;

(xix) Restrict or inhibit any other User from using and enjoying the Services;

(xx) Harvest or otherwise collect information about others, including e-mail addresses or other personally-identifiable information;

(xxi) Violate any applicable laws, policies, or regulations;

(xxii) Upload, post, email or otherwise transmit any material which is illegal immoral, obscene or defamatory of any person; or

(xxiii) Do anything that may adversely affect proper operation of the Site, the Services and the reputation and goodwill of the Club.

 

29.OTHER JURISDICTIONS

We make no representation that the Site, Services or any of the Materials contained therein are appropriate or available for use in other locations, and access to them from territories where their content or function may be illegal or is otherwise prohibited. Those who choose to access the Site, join the club, buy or sell memberships or packages from such locations do on their own initiative and are solely responsible for determining compliance with all applicable local laws.

 

30.ILLEGAL ACTIVITIES

If you are seeking information regarding any illegal activities, or seeking to engage in any illegal or fraudulent financial activity, please leave this Site immediately and do not attempt to use the Services. You acknowledge and agree that you are aware of the legality of using our Services in your relevant local jurisdiction, and you agree that you will not use the Services, if such use is prohibited or otherwise violates the laws of your state, province, country, or other jurisdiction.

 

31. ARBITRATION AND WAIVER of CLASS ACTIONS

The exclusive means of resolving any dispute or claim arising out of or relating to this Agreement (including any alleged breach thereof) or the Service shall be BINDING ARBITRATION administered by the American Arbitration Association. You may not under any circumstances commence or maintain against Strike Bit  Club any class action, class arbitration, or other representative action or proceeding. By using the Service in any manner, you agree to the above arbitration agreement. In doing so, YOU GIVE UP YOUR RIGHT TO GO TO COURT to assert or defend any claims between you and Strike Bit Club. YOU ALSO GIVE UP YOUR RIGHT TO PARTICIPATE IN A CLASS ACTION OR OTHER CLASS PROCEEDING. Your rights will be determined by a NEUTRAL ARBITRATOR, NOT A JUDGE OR JURY. You are entitled to a fair hearing before the arbitrator. The arbitrator can grant any relief that a court can, but you should note that arbitration proceedings are usually simpler and more streamlined than trials and other judicial proceedings. Decisions by the arbitrator are enforceable in court and may be overturned by a court only for very limited reasons.

 

32. CONSULT YOUR OWN TAX PROFESSIONAL

The contents of the terms and conditions should not be considered to be legal or tax advice, and each prospective member should consult with his or her own counsel and advisors as to all matters concerning a membership in Strike Bit Club. Prospective members are urged to consult with their legal and tax advisors before purchasing a membership in Strike Bit Club.

 

33. EXCLUSIVE MEMBERSHIP AGREEMENT

 

After the first thirty days of membership, Members shall not be a member or sales representative of any multi-level marketing company involved in the sales or distribution of digital products or crypo-currency. If it is deteremined by Strike Bit Club that you have violated this term, you will be notified and given an opportunity to cure. Should you fail to cure within the specified time period, your purchase price will be returned and your positions will be forfeited.