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

Crypto Capital Markets To Save Mankind From New Global Financial Storm

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john-doe

Fidelity Joins Cryptocurrency & Blockchain Initiative IC3

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john-doe

Russia’s Ministry of Finance changes stance on bitcoin

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john-doe

Electronics Retailer Bic Camera Begins Accepting Bitcoin

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john-doe

“Comply or Close Shop”: Cyprus SEC to International Forex, Bitcoin Traders

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john-doe

Dash Price Technical Analysis – DASH/USD Resistance Holding

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john-doe

Cryptocurrency Market Cap Soars to All-Time High Near $28 Billion

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john-doe

Litecoin Price Doubles, Thanks to SegWit?

View detail
john-doe

Litecoin Sees Spike in Support for Scaling Solution SegWit

View detail
john-doe

Bitcoin ATMs Pass 1,000 Mark With 53 Openings In March Worldwide

View detail
john-doe

Bitcoin Price Technical Analysis for 04/03/2017 – Shooting for $1200 Again?

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john-doe

Ethereum Gains Mainstream Exposure on Popular TV Show Silicon Valley

View detail
john-doe

Bitcoin vs Gold: Which is a Better Long-Term Bet?

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john-doe

Ripple Price Surge Continues, Altcoin Takes Advantage Of Bitcoin Scaling Troubles

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john-doe

Ripple Price Jumps 101% As It Surpasses Dash to Become Number 3 Crypto

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john-doe

Japan's Bitcoin Law Goes Into Effect Tomorrow

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john-doe

Hyperledger Promises Blockchain Debut in Trade Finance in 2017

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john-doe

Third Alphavend Bitcoin ATM Opens in London’s King’s Cross

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john-doe

Ethereum's 2017 Roadmap: Flexibility, PoW to PoS, Improving Ecosystem

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john-doe

Bitcoin Price Shows Resilience As SEC Turns Down Second Bitcoin ETF SolidX

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Crypto Capital Markets To Save Mankind From New Global Financial Storm

Nick Ayton our London Correspondent, the Sage of Shoreditch looks beyond the current system at Crypto Capital Markets 2.1, a new world of finance and capital markets.

The current Fractional Reserve banking system that few trust is failing, creaking at the seams. Will crypto economics be the only thing left as the global economies collapse under massive debts hidden from sight behind the media’s fake news?

With Bitcoin, Ethereum and crypto-currencies there is no concept of debt. In crypto capital markets bubbles stay in the glass.

Bubbles generally pop

It comes as no surprise that many predict another financial bubble that has been building since 2013. The West, Middle East and Asia - nobody will be able to duck it.

In the West, cars loans are the new subprime, student and household debt is rising and credit worthiness is falling. And when it hits it will be worse than 2008.

We are all victims of a dangerous game that is being played out by central bankers that have artificially kept interest rates at historic lows, so the pretense and promise of economic recovery can be maintained. There is no transparency, the truth is hidden from view, there is no trust left.

According to Business Insider,

“Interestingly, rates aren't just low within the context of American history. They also happen to be at the lowest levels in the last 5,000 years of civilization.”

Half truths

Everything is censored because if everyone found out the banking system would collapse. The issues are real, they are not going away and it is time for a new economic model.

However, unlike 2008 we have a chance to create a fairer system, a system that will be more difficult to manipulate and impossible to create new ‘bubbles’…

Is it time for the people to embrace crypto economics and get in early before they miss the opportunity.

Alternative

Crypto Capital Markets a rapidly maturing and fast growing alternative to Fractional Reserve Banking and failing Capital Markets. A system that is rapidly being put in place by the Libertarians, free thinkers and crypto entrepreneurs so that everyone can still trade what value they have, after the next collapse.

A new system free from tampering and manipulation, a system without censorship, open, fair and transparent.

And yes Bitcoin and other native Blockchains will become the new norm, they will be all that is left.

Financial panic

We are already seeing inflation rising in many economies and currencies under pressure. The central banks have gone too far, printing too much money that has fed the hunger to borrow more and more.

With a mountain of debt that cannot be repaid and will never be repaid, an alternative is needed.

A world of worthless paper currencies, called fiat, no longer backed by solvent governments, where the US Dollar will devalue fast, pulling other currencies with it.

Europe will collapse first as banks like Deutsche bank remain 40 times overleveraged and will fail the consequence it will strand the Euro as a currency without sovereignty, pushing southern European countries into bankruptcy.

The Yuan will fall further, the net effect of failing currencies will be pushing the people to look for the safe haven of crypto-currencies.

Storm Approaching

When the next financial crisis hits, 2017/18 Crypto Wallet adoption will pass 500m users in just months and rise to one to two bln by 2019.

The world’s forgotten people, the unbanked are already embracing a new humanitarian banking economy like Humaniq.

Across the globe capital markets and financial centers are overleveraged. Housing bubbles are growing and stock markets are reaching new highs are hugely overpriced. Debt is stockpiling, the Fractional Reserve Banking is off the grid as having more than 20 central banks in negative interest rates demonstrates. They believe the taxpayer will end up bailing everyone out. Again.

But not this time.

Safe haven

Brexit and the Trump effect was a voted not for the ethos or the people involved, it was a vote by the people, for the people that have had enough. Where banks have overreached, governments sit back and the one percent most wealthy play with people’s lives and manipulate markets.

Our future is Crypto Capital Markets for which we already have the infrastructure such as exchanges, coins/token, wallets and markets.

2008 was the start when people started to say ‘no more.’ The Satoshi Nakamoto paper – a peer to peer electronic cash system was aimed at ensuring governments and bankers cannot destroy value laying the foundation to a new Capital Markets 2.0 originally designed to cut out the banks.

It may become the only thing we have that works.



 

Source: cointelegraph

 

 

Fidelity Joins Cryptocurrency & Blockchain Initiative IC3

 

 

Multinational financial services giant Fidelity Investments is joining the Initiative for Cryptocurrencies and Contracts (IC3), a research group primarily consisting of academic institutions.

Boston-based Fidelity Labs, the R&D and innovation unit of Fidelity Investments, is underlining its ‘long-term commitment to blockchain technologies’ by becoming the first financial services company to join the IC3.

Launched in 2015 with a $3 million-a-year grant by the National Science Foundation, the initiative comprises of faculty members at Cornell University, Cornell Tech, UC Berkeley, the University of Illinois at Urbana-Champaign and is based at Cornell Tech in New York City. Fidelity will also join as a regular member alongside existing technology members that include IBM, Intel and blockchain startup Digital Asset. A regular membership costs $150,000 per year.

Fidelity Labs SVP Hadley Stern underlined the potential of digital assets, smart contracts and blockchain applications to “transform” the future of the financial services industry. Further, he outlined plans to work with students and faculty to develop blockchain solutions for Fidelity customers in the future.

He added:

We will explore a rich spectrum of new financial ideas and business tools that could someday improve the Fidelity customer experience, working alongside some of the best researchers, faculty and students in the space.

As CCN reported in 2015, Fidelity Investments filed an application with the US Patent and Trademark Office to trademark ‘FIDELITYCOIN’, with the application’s scope covering financial exchange services for virtual currency and electronic wallets.

“[W]e are always experimenting with emerging technologies,” a Fidelity press representative told CCN at the time.

Fidelity Charitable, the public charity arm of the financial services company began accepting bitcoin donations the same year and revealed that it had received $7 million in bitcoin donations in 2016.

Revealing further insights of the IC3’s work, co-director Emin Gün Sirer stated:

Expected outcomes of our work include new blockchain and smart contract technologies that are secure, incrementally deployable, and efficient to meet the industry’s needs.


Source: cryptocoinsnews

 

Russia’s Ministry of Finance changes stance on bitcoin

In a U-turn move, Russia’s Deputy Finance Minister says crypto-currencies may be recognized as legal in 2018.


The position of the Russian authorities regarding bitcoin and other crypto-currencies remains controversial. Only a year after proposing tough penalties for those involved in Bitcoin-related activities, Russia’s Ministry of Finance appears to have changed its mind.

Russia may recognize bitcoin and other cryptocurrencies in 2018 as authorities look to enforce rules against illegal transfers, Deputy Finance Minister Alexey Moiseev told Bloomberg in an interview.

Mr Moiseev added that “The state needs to know who at every moment of time stands on both sides of the financial chain”. How such a requirement will combine with the anonymity, which is one of the bitcoin advantages, is unclear.

The statement marks a sharp twist in the position of Russia’s Ministry of Finance, which in March 2016, unveiled a set of proposals for law amendments, which envisage a maximum penalty of seven years of imprisonment for Bitcoin-related activities. This penalty is set to apply to senior managers of banks and financial services providers engaged in activities such as Bitcoin mining, buying/selling, “issuing”. The list of proposed penalties includes a ban from taking certain roles in the financial services sector, along with fines of up to RUB 2.5 million.


In January 2017, however, Mr Moiseev said that Russia’s Central Bank and the Federal Financial Monitoring Service did not see any threats from the use of crypto-currencies. The implementation of the “anti-Bitcoin law” is now on hold.

In March this year, Russia’s Prime Minister Dmitry Medvedev has joined the group of supporters of blockchain technology. He instructed the Ministry of Telecom and Mass Communications and the Ministry of Economic Development to study the applications of blockchain technology during the preparation of the “Digital Economy” program.

In February 2016, the Bank of Russia, which officially opposes the use of Bitcoin, showed the first signs of relaxing its stance with regards to new technologies associated with virtual currencies and announced the establishment of a group that would analyse the innovations and promising technologies in the financial market. Amid the priority questions for the group are the new developments in the mobile and payment areas, as well as the study of distributed ledger technologies (like blockchain).


Source: financefeeds

Electronics Retailer Bic Camera Begins Accepting Bitcoin

Bitcoin payment processor bitFlyer is partnering with a Japanese electronics retailer to test a new point-of-sale system (POS) that will allow customers to purchase goods with bitcoin.

The company, Bic Camera, sells consumer electronics such as cameras, computers and dishwashers at more than 40 stores domestically. As a result of the integration, customers can now choose to pay with bitcoin for purchases up to a limit of ¥100,000 (around $900).

As with other bitcoin payment processors, the POS system developed by bitFlyer will allow the store to accept the digital currency and will immediately convert funds to yen. The stores are then charged a 1% service fee on transactions.

BitFlyer claims stores will receive their fiat funds the next day, which it contends is beneficial to smaller stores that need daily cash liquidity to finance operations.

The announcement comes during a period of heavy activity for Japan's bitcoin market, which recently saw the recognition of bitcoin as a legal means of payment by the government.

Fellow Japanese payment processor and exchange Coincheck also announced a deal yesterday that will put its bitcoin accepting point-of-sale system in up to 260,000 brick and mortar businesses nationwide, an announcement that showcases the new momentum for the local industry.


Source: coindesk

 

“Comply or Close Shop”: Cyprus SEC to International Forex, Bitcoin Traders

International Forex trading hub Cyprus has signaled that “comply or close shop” standards will be enforced within nine months, causing uncertainty among FX companies, some of them holding Bitcoin/fiat positions.

Retail trading companies located on the island offering clients Bitcoin/fiat pair options have yet to be instructed on Bitcoin options but the latest Cyprus Securities and Exchange Commission (CySEC) statements and the Central Bank of Cyprus’ view on cryptocurrencies may put these operations into question.

Cyprus is host to about 80 percent of the world’s retail FX and binary options companies, nestled in the financial district of Limassol. The rising number of complaints risks tarnishing the industry that is still growing at a fast pace.

Abrupt meeting

On Tuesday, CySEC Chairman Demetra Kalogerou lined up the executives of the island’s Forex firms for an abrupt closed doors meeting. Sources presented at the meeting told Finance Feeds that the change is coming to the industry in what may be a make or break phase.

The retail forex trading industry grew rapidly lately, surviving some scandals. Some firms have already paid heavy fines, already to the tune of over three million euros on the island alone.

Uncertainty

As early as 2014, the Central Bank of Cyprus issued a warning on the risks associated with virtual currencies when certain companies have introduced the dollar/Bitcoin pair.

It still holds a neutral stance, while suggesting traders or holders of virtual currencies take steps to protect themselves as they are yet to be regulated. It is uncertain how the latest development will influence companies offering dollar/Bitcoin pairs.

New regulations aimed at protecting clients might affect the cryptocurrency trading options.

Call centers to be banned

Calling out the boiler room tactics used via call centers, Kalogerou looks to ban them entirely. Sales staff will be required to change from cold callers into CySEC licensed and examined professionals starting this year. A warning was raised against reports of giving clients financial advice and offices will have to be set up in countries where a substantial number of clients reside to better represent them.

Affiliate marketing has yet to be called out for a strict ban or not, while Ms. Kalogerou sternly raised concerns as to how to monitor marketers on how and what they advertise to potential clients.

“We do not like introducing brokers at all, we do not like affiliates,” said Kalogerou on the topic of affiliates.

Leverage limits

Leverage limits will now be set to a maximum of 1:50 until clients request and show an aptitude for more. Currently, leverage as high as 1:500 is available to retail clients. The commission already requested a 1:50 cap in November 2016, calling anything above that “excessive leverage.”

With European Securities and Markets Authority (ESMA) and Markets in Financial Directive II (MiFID II) legislation set forth by the EU, the market it set to get its act together. Furthermore, CySEC has made it clear that the corporate tax efficient environment of Cyprus will not play host to those who cannot or will not comply.



Source: cointelegraph

 

Dash Price Technical Analysis – DASH/USD Resistance Holding

Dash price (DigitalCash) correction could not last long, as DASH/USD faced a lot of offers near $70 and moved down once again.

Key Highlights

  • Dash price started a correction, but faced sellers near $68 against the US Dollar.
  • Yesterday’s highlighted two bearish trend lines with resistance at $68 on the hourly chart of DASH/USD (data feed from Poloniex) played well.
  • The price may continue to struggle as long as it remains below the $70 level.

Dash price (DigitalCash) correction could not last long, as DASH/USD faced a lot of offers near $70 and moved down once again.

Dash Price Resistance

Yesterday, we saw a sharp downside move in Dash price, as it moved towards $45 against the US Dollar. The price traded as low as $44.65 before starting a correction. During the correction wave, it moved above the 38.2% Fib retracement level of the last decline from the $90 high to $44.65 low. However, the correction could not last long, as the price faced a lot of offers near the $68 and $70 levels.

The $68 resistance turned out to be a major hurdle for buyers. Actually, yesterday’s highlighted two bearish trend lines with resistance at $68 on the hourly chart of DASH/USD acted as a major barrier. It played well and prevented more gains above $68-70. Moreover, the 50% Fib retracement level of the last decline from the $90 high to $44.65 low also acted as a resistance. Last, but not the least, the 100 hourly simple moving average at $67 also played its part well, and stopped an upside move.

As a result, the price is now moving lower, and trading below $62. Actually, there is a close below $60, which means the price might head towards $56. It looks like there can be more declines as long as the price is below $68.

Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.


Source: newsbtc

Cryptocurrency Market Cap Soars to All-Time High Near $28 Billion

A bullish 2017 for bitcoin and other cryptocurrencies has helped spur the overall cryptocurrency market cap through a series of highs this year, to nearly scale $28 billion over the weekend.

On Sunday, April 2, the collective market cap from Bitcoin and other cryptocurrencies (alt coins) reached an all-time high of $27.9 billion. In the lead-up to that figure, combined cryptocurrency trading volumes exceeded $860 million in a 24-hour period. The swell has been helped by strong showing from a number of cryptocurrencies including Litecoin and Ripple, both of which have witnessed tremendous gains over the past week. Litecoin prices have doubled in a 5-day period, while Ripple prices soared to a 2 year high, scaling beyond $800 million in total market capitalization. A record-setting March for Ethereum also helped the combined altcoin market to push beyond $10 billion for the first time ever over the weekend.

While bitcoin remains the undisputed king in its dominance of the overall market, its overall influence has dropped to all-time lows after marked gains from altcoins.

Bitcoin’s overall share of the total cryptocurrency market cap slipped under 65% for the first time ever on Sunday. Uncertainties from the ongoing scalability debate have resulted in bitcoin dropping below $1,000 after mid-March but a recent strong showing has pushed bitcoin back above $1,100 as the market appears to cement the milestone as the new support.

Altogether, the value of the combined cryptocurrency market has gained nearly 350% compared to this time a month ago, underlining the remarkable rise in adopters’ and investors’ interest in cryptocurrencies.


Source: cryptocoinsnews

 
 

Litecoin Price Doubles, Thanks to SegWit?

Litecoin has more than doubled in the past five days, rising from around $4.30 to just under $9.50 after months of no activity. The reason appears to be segregated witnesses (segwit), a protocol upgrade that facilitates the Lightning Network and, potentially, sidechains.

Segwit is currently going through the activation process, seemingly stalling for two months, but has now surged to just under 60% of the network’s hardware share. That is because Litecoin’s biggest pool – F2Pool, which had previously told CCN they will signal for segwit, actually began doing so on April the 1st.

They continued to so signal, thus erasing any confusion on whether it was a fool’s prank or otherwise. As such, segwit now needs only around 15% to activate on litecoin as its threshold is 75%.

It is not clear whether they will be able to reach the threshold. LTC1BTC’s founder has come out against segwit, but at near 60% hashrate, segwit activation appears much more likely than otherwise.

If it does activate, the bitcoin copycat will differentiate itself in many ways. Firstly, any future on-chain capacity increases on litecoin would be very difficult to achieve due to segwit’s 4:1 ratio. That is, 4MB blocks allow for an attack vector of up to 16MB, while 8MB blocks allow for an attack vector of 32MB and so on.

Considering that some are arguing even 1MB is too much and capacity should actually decrease to 300KB or so, reaching any sort of consensus on 4MB with an attack vector of 16MB appears very unlikely.

On the other hand, the use of on-chain capacity may be less necessary once LN is implemented as it may take out ordinary payments of $10-$20 from on-chain to LN, allowing for more on-chain space.

However, litecoin has plenty of on-chain space. The currency is barely used with around just 4,000 transactions a day. Litecoiners, therefore, will be able to choose whether they use LN or transact on-chain.

Considering that LN would double charge as hubs require fees on top of fees required by litecoin miners, the network will probably only be used for niche cases, such as vast amounts of sub $1 payments.

LN’s premise on litecoin, therefore, is somewhat different from its premise on bitcoin. In the case of the later, users would in effect be forced to use LN and double pay whether they like it or not. While litecoin’s case is in many ways what big blockers have been arguing – increase on-chain capacity while also implement LN so that bitcoin does not bet it all on red if LN turns out to be very inconvenient to use in practice to the point where bitcoiners leave.

On that later point, if litecoin does activate segwit while bitcoin does not, it may well be the case that some Bitcoin Core developers, especially Blockstream employees, do leave to litecoin with some of their supporters probably following.

That would be one way of resolving the blocksize matter. Bitcoin continues on Nakamoto’s roadmap, litecoin stops being a copycat and goes on its own path of a layered payment network with limited on-chain capacity, while eth continues to focus on smart contracts.



Source: cryptocoinsnews

 

Litecoin Sees Spike in Support for Scaling Solution SegWit

A scaling solution originally developed for the bitcoin blockchain may soon get its first trial run on litecoin.

The percentage of the litecoin network signaling to enact the Segregated Witness (SegWit) upgrade reached record highs today according to Litecoinblockhalf.com, climbing to 58.33% of nodes and miners operating the software.

The figures mark a notable jump from last week when only around 25% of devices keeping track of the network's history were signaling for activation. Much of the increase comes from large mining pool F2Pool's decision to signal.

According to Litecoinpool.org, F2Pool currently produces over one-third of the hashing power behind the litecoin network.

While the figure marks an impressive uptick, SegWit still requires 75% of the network agree to adopt the proposal, a figure that is 20% below bitcoin's required 95% threshhold. Because of this differential, many view litecoin as a potential "sandbox" for discovering potential bugs and vulnerabilities possibly hidden in the nascent software.

Originally proposed in December 2015, SegWit sought to boost the bitcoin blockchain's transaction capacity by cleverly altering how data was stored by the network. Still, it has become mired in controversy, as a small group of vocal bitcoin users have pushed for alternative solutions.



Source: coindesk

 

Bitcoin ATMs Pass 1,000 Mark With 53 Openings In March Worldwide

The Bitcoin ATM scene continues its steaming expansion with 53 new machines opening in March, according to data from Coin ATM Radar.

The site, which logs official launches of ATMs worldwide, registered even more in February, with 86 serving users in an industry only just beginning to find its audience.

There are now almost 1,100 machines in total, not including those which may exist but which have not made it to listings.

An example of such machines was those appearing in Russia in February and March, which have since been formally recognized. As a country, however, Russia still lacks machines, the two latest additions both being in the city of St. Petersburg.

Worldwide, meanwhile, signs of a cementing ecosystem are becoming clear.

Three major manufacturers - Genesis Coin, Lamassu and General Bytes - are creating a slow monopoly on new machines installed. At the same time, independent manufacturers are reducing in number.

As a method of buying and selling Bitcoin, however, ATMs still lack the appeal of online methods and point-of-sale payment options such as BitPay.

Fees are likely to be a major factor in slowing growth, with rates of 8-10 percent per transaction not uncommon.


Source: cointelegraph

 

Bitcoin Price Technical Analysis for 04/03/2017 – Shooting for $1200 Again?

Bitcoin price gained more bullish momentum after breaking past a near-term resistance and a continuation pattern as predicted in the earlier article.

With the longer-term uptrend still intact, bitcoin seems to be setting its sights back on the next ceiling at $1200.
Technical indicators are showing that the bullish run could carry on.

Bitcoin price gained further upside traction after confirming the pickup in bullish momentum at the end of the previous week.


Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA on the daily chart so the path of least resistance is to the upside. Also, the gap between the moving averages is widening to reflect stronger bullish pressure. The 100 SMA also recently held as dynamic support and might continue to keep losses in check.

Stochastic is heading north so bitcoin price might follow suit. RSI is also on the move up to show that buyers are in control of price action. However, the former is dipping into the overbought zone already, warning that a slowdown in bullish momentum could be seen and that sellers could take over soon.

If profit-taking happens at the $1200 area, bitcoin price could retreat to the nearby support at $950-1000. A break below this area could signal a sharper drop to $800. On the other hand, a move past $1200 could take price back up to its all-time highs and beyond.


Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.



Source: newsbtc

 

Ethereum Gains Mainstream Exposure on Popular TV Show Silicon Valley

Ethereum is starting to attract the attention of the global mainstream consumer base. Recently, a popular TV show called Silicon Valley introduced its fourth season that is almost entirely based on the theme of decentralized technology and Ethereum.

Over the past few years, various Blockchain networks and projects including Maidsafe introduced the concept of decentralized networks and Internet.

However, the vast majority of these networks failed to introduce and demonstrate their applicability to real world applications, struggling to secure a client base that are willing to actively investigate into the possibility of building decentralized applications on top of a peer to peer protocol.


Banks’ and tech giants’ favorite

Ethereum has become the closest project or Blockchain network to a decentralized network of applications and technologies.

In fact, it is the only public Blockchain network designed specifically for development that are being utilized by multi-billion dollar banks, financial institutions and major technology corporations including JPMorgan and Microsoft.

Recognizing the rapid development of Ethereum in terms of market cap, user and client base, the popular TV Show Silicon Valley introduced Ethereum to its large mainstream audience as an important decentralized network and technology necessary for the development of a new-generation internet and community of useful applications.

In one of the episodes of Silicon Valley Season four, Ethereum-type computing was introduced as the last phase of development in a product roadmap, implying that the Ethereum network is flexible and efficient enough to deploy applications on top of.


More publicity, more Ethereum supporters

As Ethereum gains more exposure through extensive media coverage and feature, its potential to build a truly decentralized network of applications will be showcased globally.

As Cointelegraph reported, the Ethereum Foundation and its development team are working on launching a new version of Ethereum called Metropolis to ensure large-scale companies such as Microsoft or JPMorgan within the Enterprise Ethereum Alliance can build applications in a more flexible ecosystem.

With these upcoming updates, startups such as the the company featured in the TV show Silicon Valley will be able to deploy applications in a more resilient and efficient Ethereum network in the near future.

In three to six month, the foundation also plans on releasing functionality-focused features including smart contracts that can settle fees autonomously, without receiving manual approvals from users, to grant developers in the Ethereum community with more flexibility when building large-scale commercial applications.

Source: cointelegraph

 

 

Bitcoin vs Gold: Which is a Better Long-Term Bet?

Imagine that you have $100,000 at your disposal. You must spend all of it on either bitcoin or gold – no mixing and matching – and the assets will then be stored in a trust that cannot be accessed again for 50 years.

Which option would you choose?

With the two commodities now in roughly the same price range, it's worth putting aside some of bitcoin's short-term volatility and liquidity concerns to compare them as long-term stores of value side by side.

Sure, you might argue bitcoin is newer and flashier, and that it has arguably more utility in the digital era than gold. But, gold has the indisputable track record, having been a cherished store of value for thousands of years across human civilizations.

However, bitcoin's traits have led to those backing the cryptocurrency to believe it could potentially unseat gold over the long haul.

Spencer Bogart, an analyst with Blockchain Capital and formerly of Needham & Company, told CoinDesk:

"If we think about the qualities that make gold a respected 'money' or store of value, bitcoin is actually superior in many regards."

Inflation vs deflation

Another key advantage bitcoin has over gold is that its supply level is fixed and transparent – eliminating fears of the typical inflationary pressures associated with overproduction that could diminish the value of the asset.

"A well-known characteristic about bitcoin is that it’s on a disinflationary supply schedule. While many people think of gold as being the same, gold is actually a sneakily inflationary asset," said Chris Burniske, blockchain products lead with ARK Investment Management.

Burniske added that the global supply of gold has clandestinely increased by 1–2% annually over the last century.

He continued:

"If you were to ask people what gold's supply schedule looks like over time, they probably wouldn't draw you something that looks like an exponential curve. With gold being sneakily inflationary, it’s not set up to preserve value in the way that bitcoin is."

Such characteristics, in theory, serve to increase bitcoin’s future utility as a means of account, exchange and storing value.

They also suggest that bitcoin's value, usefulness and importance to society will only continue to grow as commerce becomes more digitized.

"As more infrastructure is built around [bitcoin], we think that demand will rise relative to its mathematically metered supply, increasing its price support," Burniske wrote in a recent white paper.

Slow and steady

The clear advantages that gold has over bitcoin are trust and reliability, according to those surveyed for this article. However, a change in consumer preferences, new technological disruption or a crackdown by a government could easily kick bitcoin to the end of the bench.

"Gold has something very important that bitcoin lacks: a more than 1,000-year history of being a decent store of value. This is very important for trust and people's willingness to store value in that particular asset," said Bogart.

Gold has also proven itself to be of value even when governments attempt to restrict its usage or outlaw it completely.

This happened in 1933, when President Franklin D Roosevelt implemented measures to prohibit and criminalize its possession in the US.

"For more than 5,000 years gold and silver have been tried-and-true money. They've lasted basically the duration of organized civilization," said Dave Kranzler of Investment Research Dynamics.

In this light, Kranzler was keen to highlight bitcoin's 'counterparty risk'.

Gold's advantage over bitcoin is that it's not dependent on the operation of the internet, thus affording it a degree of protection from heavy-handed regimes, he said.

"There’s nothing to stop any government from shutting down the internet in their country under the guise of national security purposes or what not,” he said, adding:

"We’ve seen democracies come and go, but totalitarianism always seems to creep back in. And when that happens, the government controls everything."


 

Source: coindesk

 

 

Ripple Price Surge Continues, Altcoin Takes Advantage Of Bitcoin Scaling Troubles

While the debate continues within the Bitcoin community, several altcoins have experienced a significant surge in overall value. Cryptocurrencies such as Dash and Ethereum have conquered new levels in price and market capitalization at a time that coincides with the struggles of Bitcoin as the cryptocurrency seems to be undergoing a significant adjustment in fixing its problem of scalability.

Ripple climbs 100 percent

Most recent among the rising altcoins is Ripple (XRP) which climbed over 100 percent in value within 24 hours on Friday, March 31, surpassing Dash to become the number three cryptocurrency. On April 1, the dramatic rise continued.

Ripple Head of XRP Markets, Miguel Vias, tells Cointelegraph:

"While the recent surge in XRP is certainly influenced by Bitcoin's scalability issues, much of the recent momentum is due to the announcement that MUFG joined Ripple's steering group, GPSG. Unlike other digital assets, XRP has a clear use case and people are beginning to recognize that."

A major partnership

On Thursday, March 30, 2017, MUFG’s banking arm The Bank of Tokyo-Mitsubishi UFJ (BTMU) publicly announced that it is joining Ripple’s Global Payments Steering Group (GPSG).

Ripple’s GPSG is an interbank group for global payments system that is based on distributed financial technology and was launched in September 2016.

At the time of launch, the Ripple GPSG was described as the group that will oversee the creation and maintenance of Ripple payment transaction rules, formalized standards for activity using Ripple and other actions to promote the implementation of Ripple payment capabilities as the network continues to grow.

Advancing technology

Other banks that have already joined Ripple’s GPSG include Bank of America Merrill Lynch, Santander, Standard Chartered, Westpac Banking Corporation, Royal Bank of Canada and CIBC.

Innovations within the Distributed Ledger Technology (DLT) ecosystem continues to thrive as more altcoins are expected to rise in value due to technology adoption and a growing user base.


Source: cointelegraph

 

Ripple Price Jumps 101% As It Surpasses Dash to Become Number 3 Crypto

Ripple has experienced a sudden shock climb of over 100%, making it the latest altcoin to undergo a seismic shift in price.

According to data from CoinMarketCap, the Ripple token, which represents the eponymous semi-decentralized payments network, doubled in value within 24 hours Friday.

The spike’s origins are unknown but come amid news the third-largest bank in the world. Additionally, the Bank of Tokyo-Mitsubishi UFJ has joined its Global Payments Steering Group.

The Group, which includes major names such as Bank of America Merrill Lynch, Santander and Standard Chartered, is collaborating on overseeing best practices in implementing Ripple’s network on a global scale.

It is the second time the asset has witnessed instantaneous uptick, a similar event occurring in 2015. Within the top ten altcoins, meanwhile, such phenomena appear increasingly common.

Dash, which for the vast majority of its three-year lifespan traded at around $2 per coin, has shot up to hover at around $100 over the past few months.

The currency is now third in the world in terms of market cap, passing Ripple as enthusiasm fails to wane.

Even Ethereum, the consistent leader of the altcoin pack, continues to reach new highs as a potential domino effect becomes more and more apparent.

Source: cointelegraph

 
 

Japan's Bitcoin Law Goes Into Effect Tomorrow

Japan is set to begin recognizing bitcoin as a legal method of payment starting tomorrow.

The country's legislature passed a law, following months of debate, that brought bitcoin exchanges under anti-money laundering/know-your-customer rules, while also categorizing bitcoin as a kind of prepaid payment instrument.

It's a debate that began in the wake of the collapse of Mt Gox, the now-defunct bitcoin exchange that shuttered after months of growing complications and, in the end, revelations of insolvency and alleged fraud.

According to Japan’s Financial Services Agency, that law goes into effect on 1st April, putting in place capital requirements for exchanges as well as cybersecurity and operational stipulations. In addition, those exchanges will also be required to conduct employee training programs and submit to annual audits.

Yet there may be more work to come in this area.

For example, Nomura Research Institute's Yasutake Okano indicated in a May 2016 report that other Japanese laws may need to change to account for the tech, including the Banking Act and Financial Instruments and Exchange Act.

Reports indicate that other groups in Japan are moving to plug some of those gaps as well.

According to a report from Nikkei, the Accounting Standards Board of Japan decided earlier this week to begin developing standards for digital currencies like bitcoin. Its work mirrors other efforts being undertaken elsewhere, including Australia, which began pushing for such standards late last year.


Source: coindesk

 
 

Hyperledger Promises Blockchain Debut in Trade Finance in 2017

Brian Behlendorf, the executive director of Hyperledger strongly believes that Blockchain will make its debut in the industry of trade finance by the end of 2017.

On March 14, the Linux Foundation-led Hyperledger Project promised the community to release a production-ready Blockchain protocol by the end of this month. Exactly 10 days after the announcement of Hyperledger, alpha release of the Hyperledger Fabric version 1.0, the open source software being developed by leading corporations and financial institution, was released.

Coincidental to the alpha release of Fabric 1.0, IBM announced the launch of its enterprise-grade Blockchain services deployed on top of the company’s cloud system. Marie Wieck, the general manager of IBM Blockchain, stated that the goal of IBM and other corporations utilizing Fabric 1.0 is to build robust Blockchain-based infrastructure for large-scale operations.

On March 24, Wieck wrote:

"IBM has applied decades of experience running the world's largest transaction systems for banks, airlines, governments and retailers, to build the most secure Blockchain services for the enterprise. IBM's Blockchain services are built on IBM's High-Security Business Network and designed for organizations that require Blockchain networks that are trusted, open and ready for business."

With IBM at the forefront of Blockchain development, the Hyperledger project intends to maintain the momentum of the foundation and introduce its production-ready Blockchain protocol Fabric to various industries.

Specifically, Hyperledger is planning to target the trade finance industry by offering a Blockchain-based platform that is capable of autonomously processing transactions, settling data points in real time and sustaining transparency at all times.

In an interview, Behlendorf stated:

“In trade finance, as I understand it, things aren’t really automated, and many of the deals made are based on paper and one to one relationships. You tend not to have market players that are so dominant they can dictate technology terms from top down, technology needs to be bottoms up, network based, that sort of thing. My hunch tells me that supply chain providence will drive a lot of interest in Blockchain technology. Trade finance will follow that because it benefits from the same types of automation: the collection of data and development of history that providence tracking provides.”


Scalability and convincing counterparties to engage in Blockchain activity

The vast majority of trade finance companies handle a wide range of services, including lending, issuing letters of credit, factoring, export credit and insurance. Because multiple institutions, partners and clients can be involved in a single activity or an operation, most companies within the industry maintain several databases or platforms to manage different types of data.

However, the goal of Hyperledger and other Blockchain organizations targeting the trade finance industry is to provide a single infrastructure that can handle all of the abovementioned operations. With the utilization of smart contracts, transactions, data settlement and agreements can be all settled autonomously, without the manual approval of respective counterparties.


Source: cointelegraph

 

Third Alphavend Bitcoin ATM Opens in London’s King’s Cross

UK Bitcoin ATM provider Alphavend has unveiled its third machine nationally and second in central London.

Located “strategically” on the busy Euston Road near Kings Cross, the machine is hosted by forex dealer No.1 Currency, whose Edinburgh branch already features an Alphavend BTM.

“The location of the Euston Road store, which is open seven days a week, provides a unique business opportunity with annual footfall estimated to be in excess of six mln people,” a release from the company states.

The machine is manufactured by General Bytes and is already listed on CoinATMRadar, an international resource for locating Bitcoin ATMs.

“Buying Bitcoin online, via exchanges, can be time-consuming and complex, and buying through private channels can be risky,” the release continues.

“This [...] ATM opens up the world of Bitcoin to the general public, and customers can buy from as little as £5 up to £1,000 per transaction.”

In line with the majority of machines in the UK, commission for purchases is comparatively steep when contrasted with online options such as exchanges and LocalBitcoins. An average 8.3 percent is currently charged.

CoinATMRadar now also lists two ATMs installed in Russia this month, the country’s first to be recognized by the site.

Cointelegraph originally reported on the first installation in St. Petersburg, while a second has now joined nearby and the pioneering machine appears to have been moved to a slightly different location.



Source: cointelegraph

 

Ethereum's 2017 Roadmap: Flexibility, PoW to PoS, Improving Ecosystem

Ethereum has been one of the best performing digital assets this year, due to the Ethereum Foundation’s smart partnerships strategy of introducing the network to a large pool of large-scale commercial operations and organizations.

On March 13, Cointelegraph reported that Ethereum reached its all-time high price of $30 as a result of the formation of the Enterprise Ethereum Alliance and the involvement of some of the most valuable companies in the world, including Microsoft, JP Morgan and IBM.

Since then, Ethereum price has already surpassed $50 in a period of weeks, surging by 60 percent since hitting its previous all-time high price only 15 days ago. In fact, on March 17, Ethereum price reached $54.

Recognizing the rapid growth of Ethereum in terms of market cap and development community, Hudson Jameson, Ethereum co-founder and a member of the Ethereum Foundation, shared the roadmap of Ethereum for the year 2017.


Roadmap moving forward

Over the past two years, Ethereum developers and its foundation focused on increasing flexibility and functionality of the Ethereum network. In its first release called Frontier, the Ethereum Foundation allowed developers and businesses to test the Ethereum network and its adaptability to real-life applications.

Then, the Homestead release was introduced in March 2016 for commercial companies and large-scale projects to utilize the Ethereum network for building production-ready platforms. This is the period wherein major corporations including IBM officially started the development of Ethereum-based applications and platforms.

The current version of Ethereum is a more evolved version of the initial Homestead release in the sense that a wide range of companies from multi-billion dollar banks to tech giants such as Microsoft are utilizing Ethereum to process data and smart contracts. In bringing these corporations into Ethereum, the Enterprise Ethereum Alliance played a major role.

In an interview with ETHNews, Jameson stated that in three to six months, a new version of Ethereum called Metropolis will be released and with this update, the foundation plans on enabling smart contracts that can settle fees autonomously, without receiving manual approvals from users.

The release of Metropolis is expected to increase developments within the Ethereum ecosystem and bring in more large-scale businesses into the ecosystem to develop decentralized applications. Since IBM and other organizations within the Linux-led Hyperledger Foundation are already working on Ethereum-based projects like the Hyperledger Fabric, the Ethereum Foundation including Jameson expect to see some major progress in the Ethereum network as well as its development community.

The ultimate goal of the Ethereum Foundation for 2017 is to follow the vision of Ethereum founder Vitalik Buterin and make a move from a proof of work to a proof of stake protocol. According to Jameson, this transition will be made in the update from Metropolis to Serenity. The switch of protocols will greatly impact and alter the Ethereum network in terms of mining and efficiency of the network itself.



Source: cointelegraph

Bitcoin Price Shows Resilience As SEC Turns Down Second Bitcoin ETF SolidX

US Securities and Exchange Commission, hereinafter SEC, officially rejected its second Bitcoin ETF proposal. SolidX, which was long considered as the rival ETF proposal to the Winklevoss twins’ Bitcoin ETF COIN, was denied for the lack of investor protection and overseas Bitcoin trading regulation.


Nearly identical reason to the rejection of COIN ETF

SEC denied the approval of the SolidX ETF for the identical reasons to that of the Winklevoss twins’ COIN ETF. In its official document, the SEC stated that SolidX lacks surveillance sharing agreements and investor protection for the buyers of the ETF.

Bitcoin as a decentralized financial network and peer-to-peer protocol can’t be regulated. Businesses launched on top of the Bitcoin network can be regulated by the government but the network itself isn’t possible to control or manipulate.

Therefore, unlike centralized financial networks, it is virtually impossible for an ETF provider to agree to surveillance sharing agreements. It is more difficult to trace down the origin and the flow of Bitcoin transactions in contrast to other financial tools or assets involved with existing ETFs in the market.


The SEC wrote:

“[SEC didn’t] find the proposal to be consistent with Section 6(b)(5) of the Exchange Act, which requires, among other things, that the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest. The Commission believes that, in order to meet this standard, an exchange that lists and trades shares of commodity-trust exchange- traded products (“ETPs”) must, in addition to other applicable requirements, satisfy two requirements that are dispositive in this matter. First, the exchange must have surveillance sharing agreements with significant markets for trading the underlying commodity or derivatives on that commodity. And second, those markets must be regulated.”


Source: cointelegragh

 

 

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

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  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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TRADE

# Name Market Cap Price 24hour VWAP Available Supply 24 Hour Volume %24hr Trade
1 $20,373,054,000 $1250.48 $1244.1513 16,292,187 $221,056,000 2.96%
2 $4,526,022,357 $49.7228 $49.3543 91,025,001 $50,260,200 0.91%
3 $1,199,044,585 $0.0316 $0.0312 37,884,925,434 $6,192,920 1.27%
4 $749,123,726 $14.7469 $14.6353 50,798,732 $56,558,800 7.22%
5 $521,475,004 $71.9164 $70.8128 7,251,131 $7,947,960 4.01%
6 $357,297,736 $3.9263 $3.8609 91,002,124 $39,599,500 6.34%
7 $322,211,182 $0.0358 $0.0336 8,999,999,999 $3,155,670 14.39%
8 $285,189,968 $19.8724 $19.7472 14,351,083 $4,789,160 -0.45%
9 $80,105,577 $16.8815 $17.3887 4,745,175 $2,527,300 -4.15%
10 $79,922,648 $68.9014 $67.9739 1,159,956 $4,575,150 0.74%

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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.