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

  Bitcoin Price Breaks $2,000 in Historic All-Time High

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john-doe

Bitcoin Price Breached $2,000, Pundits Coin-Flip What Comes Next

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john-doe

Bitcoin Price at $1,934 All-Time High, Led by US, to Reach $2,000 Soon

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john-doe

Untraceable Coins Storming Into Top 10 Cryptocurrencies - Bytecoin Surge

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john-doe

Poloniex Explains Attacks, Cites 600% Increase in Active Traders Online

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john-doe

Simply WOW: $10,000 Bitcoin Investment in 2010 Now Worth $200 Million, Gold $9,900

View detail
john-doe

WannaCry Could Spread to 70% of Indian ATMs

View detail
john-doe

Daily Analysis: Ripple Explodes Again

View detail
john-doe

  Bitcoin To Become ‘Just Like Money’ In Australia July 1

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john-doe

Man Borrows $325,000 to Buy Bitcoin - Investment or Gambling on Life Savings?

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john-doe

Bitcoin Price Hits All-Time High at $1,733, Investors See $4,000 Ahead

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john-doe

How China Might Push Ethereum Price to Surge: Observations & Trends

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john-doe

  Stellar Lumens Invade Top 10 CryptoCurrencies with 131 Percent Growth Rate

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john-doe

How Ripple is Targeting an Entirely Different Market to Bitcoin

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john-doe

Ripple Overtakes Ethereum to Become Second Largest Crypto After Japanese Bank Consortium Formed

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john-doe

The Newly President Elect of France, Emmanuel Macron, Might be a Bitcoiner

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john-doe

$25 Billion in 30 Days: Are Cryptocurrencies in a Bubble?

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john-doe

Bitcoin Capitalization Adds On $1 Bln Daily: Industry Leaders Explain Why

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john-doe

Cryptocurrency Market Cap Soars Above $40 Billion, Boosted By Hefty Trading

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john-doe

Bitcoin Price Breaks $1,600 on Major Exchanges, Global Average Nears

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Bitcoin Price Breaks $2,000 in Historic All-Time High

Bitcoin price has, for the first time in its history, reached $2,000 and beyond during trading on Saturday.

The world’s most prominent cryptocurrency began trading in 2017 at $1,000 per coin, with today’s new all-time high representing a doubling of value for bitcoin. On an average, bitcoin price climbed to $2,040.88 in global trading markets. On the Bitstamp Price Index (BPI), price struck a high of $2,020.

Trading leading into Saturday saw global average prices climb to $1,968.48. A steady period of trading during the day saw prices climb throughout before crossing the symbolic $2,000 milestone at 18:00 (UTC) on Saturday.

“Nearly seven years ago to the day, the first real-world Bitcoin transaction was completed in Florida, when two pizzas were bought for 10,000 bitcoins,” reminded eToro senior markets analyst Mati Greenspan in conversation with CCN. “If you’d invested $100 in bitcoin that day and left it there, you’d be sitting on over $20 million right now.”

He added:

The $2,000 mark is a historical moment for Bitcoin.

Intriguingly, trading over the last 24 hours was led by US markets followed by Japan, the inverse of recent trading trends of the past few months. Bitfinex, GDAX and Bitstamp led the way in the US marketplace, altogether leading to over 35% of trading in the past 24 hours. Trading markets in Japan, China and South Korea combined for over 45% of trading volumes.

Bitcoin prices have gained 50% in May alone, a month that saw bitcoin in the headlines for being abused by ransomware extortionists behind the global WannaCry cyberattack.

“One might have expected that the WannaCry cyberattack – in which hackers asked for payment in Bitcoin – would have had a negative effect on price, but it seems like not even a ransomware attack can prevent the rise of Bitcoin,” Greenspan added.

The analyst also revealed that bitcoin’s soaring gains hasn’t put off existing investors from continuing to invest in the cryptocurrency. “Bitcoin is gaining some serious momentum among investors on our platform, with 88% of Bitcoin traders still buying the asset.”

Bitcoin’s flourish comes during a time of marked gains for the wider cryptocurrency ecosystem, led by the likes of Ethereum, Litecoin and Ripple.

After hitting an unprecedented $100 for the first time on Thursday, Ethereum’s ether token is now trading above $125.

Altogether, the entire cryptocurrency market cap is now valued above $70 billion, up from less than $30 billion a little over a month ago.



Source: cryptocoinsnews

 

Bitcoin Price Breached $2,000, Pundits Coin-Flip What Comes Next

Bitcoin price finally breached the much anticipated $2,000 line, sending excitement throughout the burgeoning global cryptocurrency community. As early as five a.m. GMT+2 on Saturday, CoinMarketCap listed the pacesetter of digital currency for $2014 with almost $34 mln Market Cap.

The $2,000 lane has been expected for some time now but it intensified three days ago when Satoshi Nakamoto's brainchild stabilized at the $1,800 range.

On Friday it made it to the $1,900s further increasing the $2,000 price obsession.

As much as it is good news for the whole community, what does this mean for all of us? What is in it for the ecosystem? Experts and community members differ on what’s ahead.

Lingham: not healthy

Bitcoin Price Pundit Vinny Lingham is not excited about the current price trend and sees it as very deleterious for the space. "Not healthy in my opinion, but clearly everyone else knows best," he noted. "I'll just wait and see."

Malcolm Macleod: problems remain

More so, Gulden Wallet Developer, Malcolm Macleod's concern is that the price has been pushed too high, without the fundamentals to back it up and ultimately it is damaging to the ecosystem.

He cites particularly the ongoing transaction queue problems.

"These things are always a mixed bag, so probably some good and some bad things come from it," Malcolm stated.
More flow from fiat

But Alexandro Colorado of Bitcoin Mexico believes otherwise. For him, even though Bitcoin certainly has the availability issue but the rally has merits. "It makes sense as there is more money coming into the system," Alexandro explained to Cointelegraph.

The Chief Cat Herder of Cryptopulco, the annual cryptocurrency conference in Acapulco, Mexico, Nathan T. Freeman had this to say:

"BTC increases in value relative to USD because people are willing to give up more fiat currency in exchange for Bitcoin. If you try to explain why they are willing, you are projecting a motive for their subjective value, and you're most likely full of shit. Even if the motive you ascribe is correct, you can't prove it. It's just an unfalsifiable claim in a sea of individual choices. It's all good."


Bitcoin Bubble to burst in 2019?

Though the network is growing impressively, hitting pass $2,000 seems like an impending doom for some experts.

Whilst others point to some nagging fundamentals, many are optimistic it will keep growing without any blemish.

Alexandro Colorado says:

"A bubble is some sort of manipulation but actual growth is another thing. Companies grow billions in months, why crypto shouldn't? The Mexico-based Bitcoin enthusiast pointed out that a lot of the world still don't know or trust crypto but it doesn't mean we are heading into a bubble.”

When Cointelegraph asked Vinny Lingham if there is an impending bubble, this was his answer:

"Yes, but people who called the bubble in 2011 were wrong. It took two years to burst."


Coin-flipper

Malcolm MacLeod is unsure if there is going to be a burst, but it is unclear to him what fundamentals if there are any behind the latest price growth. "I think there is a high chance that it is a bubble of some kind but I hope to be wrong," he indicated.

Absorbingly, this is Nathan T. Freeman's take on whether it is a bubble and will it burst soon:

“There's only one major event in Bitcoin itself that could shape the future, and that's the outcome of the block size debate. All other factors are outside the purview of Bitcoin itself and therefore could shape out. Anyway, you're talking about predicting the simultaneous global effect of huge political shifts.”

"Predicting a bubble is a dice roll, and anyone who claims to know those outcomes is a coin-flipper," he added.



Source: cointelegraph

 

Bitcoin Price at $1,934 All-Time High, Led by US, to Reach $2,000 Soon

After maintaining a strong momentum for three straight days, Bitcoin price has established a new all-time high at $1,920. This was triggered by the US Bitcoin exchange market and the rise in demand for Bitcoin amid severe political uncertainty.

Earlier today, Cointelegraph reported that US stock exchanges, bonds and assets plunged amidst troubles surrounding the Trump administration.

Evercore ISI Executive Dennis DeBusschere specifically emphasized the Trump-Comey memo incident as the catalyst for market turbulence.

Bloomberg also reported that the Democratic party has started talks about impeachment, which led to a further decline in the Dow Jones Industrial Average, which fell by more than 370 points yesterday.

“What has been setting in over the course of the day is that political uncertainty is something that’s likely going to be with us for a significant amount of time. We may be looking at a higher volatility backdrop with a trending lower market for the next couple of months,” said DeBusschere.

Cointelegraph also reported that the US Bitcoin exchange market surpassed the Japanese Bitcoin exchange market by trading volume, which hasn’t happened since 12 months ago.

Japan has maintained complete dominance over the global Bitcoin exchange market. The explosive surge in demand for Bitcoin from US-based investors and traders allowed its exchange market to surpass that of Japan for a brief period of time.

The demand for Bitcoin in the US is rapidly increasing due to the wide regard of Bitcoin as a safe haven asset, alongside gold. In fact, prominent gold investors including Mike Maloney have urged investor and traders to hold Bitcoin in their portfolios as a mandatory asset to avoid market turbulence and economic certainty.

Speaking of Bitcoin’s high liquidity, transportability and decentralized nature, Maloney stated:

I don’t own a lot of cryptocurrencies but I think it is something that is necessary to be prepared because if the monetary system fails, you’ll be able to do transactions right away with other people and you can do them over long distances. You can do them over the Internet just like you pay with your credit card today.”


Sustained momentum

The upward trend and momentum of Bitcoin price could be sustained and stabilized if the demand for Bitcoin in the US and Japanese Bitcoin exchange markets continue to increase. It is evident that the demand for Bitcoin in the Japanese exchange market is rising rapidly simply due to its price. Bitcoin is being traded at a high premium of $1,975, a price that is more than $100 higher than that of the US and European exchange markets.

As DeBusschere explained, the US stock markets and the economy could struggle in recovering within the next few months, which is an enough time frame for Bitcoin price to stabilize and maintain its momentum.

However, some investors including Tony Roth, chief investment officer at Wilmington Trust, stated that if the economy holds up, Trump troubles and other political incidents will be absorbed to recover market stability.

"Even if we have a big, prolonged mess in Washington, it's not going to necessarily hurt the economy. As long as the economy holds up, I think the market is going to brush off what is going on in Washington,” said Roth.



Source: cointelegraph

 

Untraceable Coins Storming Into Top 10 Cryptocurrencies - Bytecoin Surge

Bytecoin, an untraceable privacy-preserving cryptocurrency, has just seen an astronomical triple-digit percent surge in price. The cryptocurrency soared to the all time high market capitalisation of $444,000,000, before calming down to around $300,000,000 and establishing itself at the top 10 cryptocurrencies by market capitalization at the time of writing (according to CoinMarketCap). A symbolic turning point for one of the first untraceable cryptocurrencies launched in 2012.

The price hike happens upon the flourishing investor interest in cryptocurrency markets, and in particular upon the growing public appreciation of untraceable cryptocurrencies that contain privacy mechanisms (other examples are Monero, Dash and Zcash, which have also experienced an increase in value in the recent months). The Bytecoin surge may also be attributed to the announcement of the new features, which include allegedly never-before-implemented untraceable tokens - also known as “digital assets” or “colored coins”.


Bug discovery

Amid the Bytecoin price rise, a cryptocurrency Monero has released a statement disclosing a vulnerability in the CryptoNote protocol, that underlies both Monero and Bytecoin cryptocurrencies. As written in the statement, the bug “allows for the creation of an unlimited number of coins in a way that is undetectable to an observer unless they know about the fatal flaw and can search for it.” The statement does not list Bytecoin as one of the currencies that have updated the protocol following the detection of the bug.

According to the official response from the Bytecoin, its development team has been aware of the vulnerability in April 2017, when during software testing it has discovered that several malicious transactions creating 504 million Bytecoins had appeared in the network - which accounts for 0.2% of the total 183 billion Bytecoin supply.


Questions remain

The development team states that it patched the bug and worked with the mining services to update their software (that validates the transactions in the network), as soon as the bug was found. According to Minergate, the major Bytecoin mining pool, it was contacted by the Bytecoin team in the mid April and “the fix to the mining software has been implemented by adding more checks for the transactions consistency” shortly thereafter.

The updated version prevented blocks with malicious transactions to be mined and thus no extra coins could be created. The questions still remain about the cryptocurrency exchanges and wallets, who are supposedly “safe to stick with the previous version of software”, according to the Bytecoin statement, but “encouraged to update the protocol”.


The rise of token untraceability

In spite of this bug discovery and patching, the CryptoNote-based cryptocurrency markets, including Monero and Bytecoin, has been positive, keeping them among the top 10 by capitalisation. Whether it is because the coin holders are not well-informed of the protocol issues or they are confident of the development teams’ ability to manage these issues, the fact remains that Monero’s and Bytecoin’s capitalizations jointly amount to $750,000,000 at the time of writing, and as a result many early adopters have gone from rags to riches.

With the ICO phenomenon coming into place this may not be all, as new cryptocurrency teams emerge stating their intention to adopt the privacy-preserving CryptoNote protocol.

In fact, if the concept of untraceable tokens (untraceable digital assets) becomes a reality this year as promised in the Bytecoin roadmap, the major trends of the crypto world could in theory converge: the booming ICO phenomenon, the increasing capitalisation of tokens created on top of various blockchain platforms, and the growing market interest in untraceability and privacy. We are here to observe and see.


Source: cointelegraph

 

Poloniex Explains Attacks, Cites 600% Increase in Active Traders Online

Following accusations of trade manipulation, one of the world’s top digital currency trading platforms has come out to share the main issues behind its recent situation of lagging and delays in which several of its users claimed made them lose money.

On Sunday, May 14, Poloniex notes that they have been under continuous DDoS attack which inevitably affects other areas of their operations.

But the law firm Berns Weiss LLP stepped up to look into the claims of the attacks on behalf of the users of crypto exchanges Kraken and Poloniex who may have lost some money reportedly as a result of manipulation and insider trading. The firm will seek to confirm users’ doubts that they were manipulated as well as determine whether the exchanges or individuals associated with the exchanges broke the law in any way.


Too much to handle

However, Poloniex has responded in a statement as to what its users need to understand about the recent situation:

“We have never seen such enthusiasm for trading Blockchain tokens as we have in the past few months,” it says. “Since January, we’ve seen an increase of more than 600 percent active traders online and regularly process 640 percent more transactions than we did merely four months ago.”

Based on the unprecedented level of excitement, the platform adds that their users, especially new entrants, need to put some factors about trading blockchain tokens into consideration. First is the fact that exchanges generally face operational threats that can disrupt the users’ experience.

“These intrusions come in the form of distributed denial of service (DDoS) attacks that target exchange servers with varying levels of sophistication, attempted laundering of funds or funding of terrorist activity, attempted theft of user funds, and other cybersecurity threats that get more creative with every iteration”, says the company. “Moreover, malicious threats to an online global exchange, like Poloniex, can occur at any time of the day, on any day of the year, and from anywhere on the planet. In the case of Poloniex, these threats are present every day, often with multiple, unrelenting DDoS attacks directed at several endpoints simultaneously.”


What is it with new traders?

As a way to say the situation would likely continue, the platform notes that its resources could be strained as it strives to operate on a 24/7 basis. Why? This is because the surge in mainstream awareness about blockchain networks and tokens is drawing new traders into the ecosystem and the exchange has no control over it.

But it could upgrade its system to accommodate new users. It brings about the next operational challenge it cites: human resources management to match the rapid growth of the community.

While these are playing out, Poloniex warns of the high level of risk that trading on an exchange entails especially on margin due to price volatility, illiquidity risk, market manipulation, regulator activity, and others. They make up “the unique and unpredictable mosaic of factors affecting the value of any given blockchain token”, it says.



Source: cointelegraph

 

Simply WOW: $10,000 Bitcoin Investment in 2010 Now Worth $200 Million, Gold $9,900

Both Bitcoin and gold are considered prominent stores of value and safe haven assets. However, over the past seven years, one experienced a meteoric rise in terms of market cap, user base and value, while the other failed to live up to the expectations of its investors.


All hail the early Bitcoin investors

On May 13, StockTwits, the world’s largest financial communications platform for the investing community, revealed one of its users’ growth chart comparing various currencies, bonds and assets. In it, a StockTwits user by the name of Charlie Bilello noted that a $10,000 investment in Bitcoin made in July 2010 would have earned investors a $200 mln return.

To be exact, a Bitcoin investor who purchased $10,000 worth of Bitcoin in 2010 would have earned $201.56 mln.

In contrast, an investor who purchased $10,000 worth of gold in 2010 would have experienced a negative return of $9,981.

Gold is widely regarded as a safe haven asset, which by definition means an investment that retains or increases its value amidst market turbulence and economic certainty, over time. In the past seven years, gold hasn’t met either of the two descriptions. Gold has failed to sustain its value over a seven-year period and has failed to see an increase in its value. Thus, whether gold can still be considered as a safe haven asset is quite unclear.

Since July of 2010, Bitcoin has significantly outperformed the Japanese yen, Canadian dollar, Euro, Silver, Gold, US Dollar, bonds, global stocks, US real estate and US stocks. Naturally, its decentralized nature, high liquidity and transportability began to appeal to a wide range of investors seeking for alternative assets to protect their wealth with a long-term investment.


The perks of being Bitcoin

In many ways, Bitcoin can be perceived as Gold 2.0, or digital gold, due to its characteristics. Unlike gold, Bitcoin can sustain its value or even record an increase in its value over time because of its fixed supply of 21 mln Bitcoins. If a massive gold supply is discovered, then gold could become inflationary in terms of supply and could hinder its mid-term value.

In fact, in late March, China’s largest gold mine to date was discovered by Shangdong Gold Group, a state-owned gold producer in China. At the time, Bloomberg reported:

“The Xiling mine in Shandong province told local authorities it had found 382.58 tons of gold reserves and that the volume could reach more than 550 tons once exploration is completed in two years.”

More importantly, Bitcoin’s ownership is evidently portrayed with the utilization of cryptography. Hence, Bitcoin can’t be seized by a central entity because the Bitcoin network itself is decentralized and unalterable.

Furthermore, Bitcoin provides an important component which gold fails to offer and that is settlement network. Bitcoin as of current is often referred to as digital gold and settlement network. It isn’t necessarily perceived as digital cash as laid out by Bitcoin creator Satoshi Nakamoto because of the lack of scaling and the network’s high transaction fees.



Source: cointelegraph

 

WannaCry Could Spread to 70% of Indian ATMs

The cyber attack known variously as WannaCry and WannaCrypt0r 2.0 has led to warnings that up to 70 percent of India’s ATM network could be its next victim.

As ATMs in China are confirmed as being infiltrated by hackers the phenomenon continues to spread. The underlying Windows vulnerability at the root of the issue is a major problem for less secure infrastructure.

For India, it has become known that 70 percent of ATMs still run Windows XP, a 16-year-old operating system for which Microsoft has not released security updates since 2012.

"We have seen a big focus on ATM attacks in the Asia-Pacific (APAC) region, including India," local news resource First Post quotes US-based cybersecurity company FireEye as saying.

“ATMs in underdeveloped countries are particularly vulnerable as those countries still have old ATM software and are running Windows XP. This makes them the perfect target for an easier score.”

XP has been at the heart of WannaCry’s damage in the UK, as many computers used in the country’s health provider the NHS still run the operating system.

ATMs are already a sore topic for Indian consumers meanwhile since November’s demonetization having become a hotspot for the cash shortages plaguing the nation.

At the same time, Bitcoin is blooming. Major exchange Zebpay announced today that over half a million people had downloaded its wallet app.


 

Source: cointelegraph

 

 

Daily Analysis: Ripple Explodes Again

Ripple continues to dominate the cryptocurrency market this week, as it completed the break-out above the $0.25 level and is currently trading near $0.33 after a rise of more than 35%. XRP reached a market capitalization of $12 billion, pushing Bitcoin’s market share below 50%. BTC rebounded off the $1600 support once again, as the choppy correction continued in the currency. The other majors remained weak, expect the rising star Stellar Lumen, with Litecoin falling the most once again, correcting back below the $25 level. NEM fully decoupled from Ripple, being down by another 5% today, while Ethereum, Ethereum Classic, Dash, and Monero are all drifting lower as well.



Source: cryptocoinsnews

 

Bitcoin To Become ‘Just Like Money’ In Australia July 1

Australia has officially confirmed it will treat Bitcoin “just like money” from this year and it will no longer be subject to double taxation.

In its budget summary for 2017-18, the government states that as part of its plan to “make it easier” for digital currency businesses to operate in the country. It will ensure that nowhere in the supply chain is general sales tax (GST) paid more than once.

“The Government will make it easier for new innovative digital currency businesses to operate in Australia,” the summary reads.

“From 1 July 2017, purchases of digital currency will no longer be subject to the GST, allowing digital currencies to be treated just like money for GST purposes. Currently, consumers who use digital currencies can effectively bear GST twice: once on the purchase of the digital currency and once again on its use in exchange for other goods and services subject to the GST.”

Australia has had a troubled relationship with cryptocurrency regulation until recently. The decision to allow double taxation originally caused several well-known operators to quit the country back in 2014, while innovation has subsequently lagged behind markets in which businesses have enjoyed greater freedom.

Innovative fintech deals involving Blockchain have surfaced this year, however, and the tone of the budget extract points to a desire to change Australia’s environment.

“Innovation will drive productivity growth in Australia,” it continues.

“The Government is committed to establishing Australia as a leading global financial technology (FinTech) hub and is announcing a new package that aims to position our local fintech industry as a world leader.”

Meanwhile, local business optimism is also increasing.




Source: cointelegraph

 

Man Borrows $325,000 to Buy Bitcoin - Investment or Gambling on Life Savings?

An online community user going by the online alias gingerbreadfutters who has an undisclosed terminal disease, recently purchased $325,000 worth of Bitcoin as the digital currency achieved a new all-time high at $1,700.

Bitcoin price has increased significantly since then, reaching $1,866 as a global average across major markets on May 11. However, users in the online community wherein ginerbreadfutters made his announcement harshly criticized his decision to all in on Bitcoin after they discovered that he obtained the capital through a loan.

To be specific, gingerbreadfutters acquired an equity loan of $325,239 on his house in order to purchase 191 Bitcoins.

He stated:

“I decided to make my newest lunge, using what equity I have accrued on my estate over the past 10 years since the 2008 financial crisis. If Bitcoin reaches the 10k mark — which I see as a distinct possibility, or I would not have taken such a risk — I plan on moving to the West Coast and getting away from all the angry people here where I currently reside.”


Investment or gambling on life savings?

An equity loan is a type of loan in which the equity of the borrower’s home is used as collateral. In other words, gingerbreadfutters is gambling on his life savings that is his real estate and betting yet another $325,000 obtained by using his life savings as collateral to make a mid-term profit on Bitcoin.

More to that, gingerbreadfutters told his online community that he plans to sell all of his Bitcoins once Bitcoin price hits $10,000 and purchase new real estate on the west coast.

However, the community criticized gingerbreadfutters’ extremely risky and frankly foolish investment strategy. Investors should always prevent from initiating risky investments for short and mid-term profit because there are potential situations wherein investors may be in urgent need of capital but their assets or money are locked up.

Bitcoin is a highly liquid asset, investment and currency to posses. But, if gingerbreadfutters makes a slight mistake in his calculations and plans and risk his life savings, the entire mid-term Bitcoin investment strategy could end up as a disaster.


A tip for potential investors - always consider the risks

Another online community user with the alias Dispairsquid16 efficiently analyzed gingerbreadfutters’ situation and investment mindset with an analogy:

“Almost like a high school chemistry teacher deciding to begin making and selling crystal meth due to a change in life circumstances.”

Gingerbreadfutters realized that he will not be able to live a long life due to an undisclosed terminal disease and thus, acknowledging that he has little to lose, he gambled his life savings and a massive debt obtained using his life savings as collateral to investment in Bitcoin.

For any potential investors planning on investing in Bitcoin, it is an extremely risky approach to gamble a large amount of money on Bitcoin’s short and mid-term price trend.


Source: cointelegraph

 

Bitcoin Price Hits All-Time High at $1,733, Investors See $4,000 Ahead

Bitcoin price has established its new all-time high at $1,733, after demonstrating a five percent increase in value in 24 hours. As it did throughout the past month, the Japanese exchange market led the recent price surge, processing trades at an average Bitcoin price of $1,800.


Japan, Korea growing importance

The Japanese Bitcoin exchange market currently accounts for 41.8 percent of the global Bitcoin exchange market share, as the largest Bitcoin exchange market in the world.

The South Korean market falls behind the US, with around eight percent of the global Bitcoin exchange market share. The two markets, Japan and South Korea, demonstrate 50 percent of the global Bitcoin exchange market.

The recent surge in Bitcoin price can be attributed to the explosive growth of the two above mentioned markets. Coincidentally, the two markets have always demonstrated higher demand from investors and traders toward Bitcoin, often listing Bitcoin price that is significantly higher than that of other markets such as the US and China in particular.

Currently, Bitcoin is being traded in Japan at around $1,800. Considering that the Japanese Bitcoin exchange market accounts for nearly half of all Bitcoin trades, it can be said that the high Bitcoin price of the Japanese market is being reflected in the global average Bitcoin price.

The South Korean exchange is also facilitating Bitcoin trades at an incredibly high premium of $1,970, demonstrating a staggering 15 percent premium over the US market, the second largest Bitcoin exchange market in the world, and around nine percent over the Japanese market.


 Bitcoin undervalued?

A strong case can be made in regard to the under-valuation of Bitcoin price. The demand for Bitcoin in the regulated Chinese Bitcoin exchange market has substantially decreased over the past few months due to the government and the People’s Bank of China’s implementation of strict and impractical Know Your Customer (KYC) and Anti-Money Laundering (AML) policies.

Local news sources including cnLedger revealed that to utilize Chinese Bitcoin exchanges such as Huobi and OKCoin, users need to submit bank documents, conduct a face-to-face interview and other necessary documents for proof of identity.

Rather than going through such difficult processes to trade Bitcoin, the Chinese market has moved on to over-the-counter (OTC) markets such as LocalBitcoins, which the Chinese government tried to avoid all along. Currently, Bitcoin is being traded in the Chinese market for as little as $1,350 on regulated exchanges, a price that is nearly 30 percent lower than that of the Japanese market.


Will Bitcoin price reach $4,000 soon?

High-profile and institutional investors including Daniel Masters, director at Global Advisors Bitcoin Investment Fund (GABI), believe that Bitcoin price can enter the $4,000 region relatively soon, within 8 to 14 months. In an interview with CNBC, Masters stated:

"That example of a successful soft fork in litecoin has made people start to think that we could get a successful SegWit implementation in bitcoin and that could increase capacity and move us to the next level. In the 8- to 14-month horizon, my forecast would be around $4,000.”

The explosive growth of the Japanese and South Korean Bitcoin exchange markets have acted as the two major driving factors of Bitcoin price as of late. However, it is undeniable that the optimism around Segregated Witness (SegWit) is contributing to the upward trend of Bitcoin. Investors like Masters believe that once a scaling solution such as SegWit is activated on Bitcoin, the price will surge.



Source: cointelegraph

 

How China Might Push Ethereum Price to Surge: Observations & Trends

Andrew Keys, the head of global business development at Consensus Systems, better known as ConsenSys, recently shared the details of his trip to China along with the Ethereum Foundation and the explosive growth of Ethereum Keys and the Ethereum Foundation observed in the country.

Last week, Keys and the Ethereum Foundation were invited to the Global Blockchain Financial Summit held in Hangzhou. They planned a five day trip across China to visit various cities and regions that are accelerating the growth of the Ethereum industry and market in the country.


Inside Chinese Ethereum Lab

During their trip to China, Keys and the Ethereum Foundation discovered that various prominent institutions and organizations including China’s top-ranked educational institution Peking University and state-owned corporations were actively developing applications and platforms on top of the Ethereum protocol.

Peking University, in particular, went as far as to create a center that is dedicated to the implementation and development of Ethereum applications.

Keys wrote:

“Peking University is creating an Ethereum Laboratory to work on protocol improvements and application use cases that affect China, specifically in supply chain and energy markets.”

The Ethereum team also ran into the Royal Chinese Mint, one of the major units of China Banknote Printing and Minting, which has been allocating their resources and development teams to digitalize the Chinese yuan, also known as renminbi (RMB), using Ethereum tokens.

Such active development conducted by a state-owned and government-funded organization is crucial to the mainstream adoption of Ethereum throughout China because it legitimizes the network within the country and convinces companies in the private sector to explore, research and implement Ethereum.

Explaining the project being led by the Royal Chinese Mint, Keys said, “The Royal Chinese Mint is experimenting with the ERC 20 token standard and Ethereum smart contracts to digitize the RMB.”


Promoting Ethereum across the country

Apart from educational and financial organizations, Keys further emphasized that local Blockchain consortia and research institutions approved by the Chinese government are also leading the development and innovation of Ethereum in the country.

According to Keys, Jiangsu Huaxin BIockchain Research Institute (JBI), an organization approved by the provincial government of China, is playing an important role in promoting and spreading the adoption of the Enterprise Ethereum Alliance (EEA) framework across China, working with individuals and businesses in the region.

Keys stated:

“Currently, JBI focuses mainly on Blockchain technology application to industry and personnel training service. JBI has 30 developers and researchers focused solely on Ethereum and have recently translated much of the Ethereum and EEA documentation into Mandarin. JBI will be a powerhouse in the Ethereum-ecosystem and will become a beachhead for corporations outside of China.”


Alibaba, Alipay and their experiments with Blockchain

Most importantly, China’s largest fintech company Ant Financial, a subsidiary of Alibaba which operates the world’s most valuable fintech application Alipay by market capitalization, is focusing on the development and implementation of Ethereum to enhance their existing operations and build alternative infrastructures for long-term growth.

Keys noted that Ant Financial is experimenting with Ethereum to improve its global payment platforms.

Previously, on January 22, Cointelegraph reported that Alipay, the $60 bln fintech giant, was planning to adopt Blockchain in the near future to improve its ecosystem and financial infrastructure. At the time, Ant Financial CEO Eric Jing stated:

"We have an ambition to be a global company. So my vision (is) that we want to serve 2 bln people in the next 10 years by using technology, by working together with partners … to serve those underserved."


Source: cointelegraph

 

Stellar Lumens Invade Top 10 CryptoCurrencies with 131 Percent Growth Rate

Stellar Lumens started making waves over the weekend sending shivers down the spines of the elite cryptos on the top 10. Last week it made a strong statement and announced its presence when it made it to the upper areas below the 10th range displacing well-performing digital currencies like Decred, PIVX, Stratis, SingularDTV, Factcom and a few others.

By Saturday it was at number 11 burgeoning and brimming with energy to make it to the top 10. It was no wonder to those of us who were observing it intently to see him at number 10 at the dying embers of Saturday.


Stellar’s Match

The platform that connects banks, payments systems and people kept its rampaging match on on Sunday putting fear in those Cryptos at the last five. Early mornings on Sunday, it gained an unbelievable 131.08 percent, finally knocking down Golem and went ahead to push gradually depreciating Monero to occupy the 8th position on ConmarketCap, the league table of Cryptocurrencies.

The situation has seen currencies like Augur and Maidsafe losing top 10 statuses. Even some other coins that were aspiring for top 10 are now lingering below the 15th spot. Stellar Lumens, a fallout of Ripple after a disagreement over decentralisation now has a market Cap of almost $5 Mln. However, its market price is a minute $0.047994.

Joyce Kim, the Executive Director at the Steller development Foundation in a recent interview on Money & Tech revealed Stellar Lumen is complementary to Bitcoin and a distributed multicurrency system that allows every currency to run on it. She mentioned that on their protocol Bitcoin, Litecoin Yen, Dollar and every currency can run on it. She also stated one one of their main focus is to reach underserved communities.


With the new sensation, it has created in the industry, It is very obvious everyone is watching it and want to get hold of some of their tokens.  It is fascinating enough to see how on a daily basis, one or two Cryptocurrencies brings out some unique system that beautifies the ecosystem so immensely. CCN is set to reach to the Stellar Lumen team to bring you more update. For now, it seems there is more room to get your hands on some stellar.



Source: cryptocoinsnews

 

How Ripple is Targeting an Entirely Different Market to Bitcoin

Bitcoin was introduced in 2009 as an alternative network to the global financial system monopolized by centralized institutions and strictly regulated financial service providers. By providing a peer to peer protocol wherein users can send and receive transactions with the absence of intermediaries, Bitcoin essentially became the first decentralized financial platform.

Replicating or being inspired by Bitcoin’s structure, alternative cryptocurrencies or altcoins emerged. One of the most successful cryptocurrencies that has maintained its market cap and client base over a relatively long period of time is Ripple. It consistently has ranked in the top three altcoin, falling behind Bitcoin and Ethereum. Ripple’s vision was to provide a more efficient infrastructure for the centralized institutions and the conventional finance industry.

Ripple is significantly different to Bitcoin philosophically and structurally. If bitcoin is described as a decentralized peer to peer network developed to operate as an alternative financial network to that of the existing global financial system, Ripple can be explained as a protocol structured to serve and enhance the existing global financial system. It has partnered with leading banks and major financial institutions to settle cross-border and cross-bank transactions transparently, with strong security measures in real time.


The current global financial system operates on top of an outdated and inefficient IT infrastructure and system. For a transaction to become fully verified and settled, it could take days to weeks with a substantial fee, usually in the range of $30 to $50 per transaction. Often times, transactions initiated by banks through an international financial network such as SWIFT get lost within the system, requiring manual confirmation and a period of weeks for the transaction to be recovered and settled.

Essentially, Ripple utilizes blockchain technology and the concept of digital tokens to simplify global banking. Major banks and financial institutions are in agreement with Ripple’s vision and strategy and have adopted Ripple’s system. Most recently, CryptoCoinsNews reported that Spanish banking giant BBVA began to utilize Ripple blockchain for Spain-Mexico money transfers.

“This pioneer initiative is a clear demonstration of how payment processes can be vastly improved through the implementation of emerging technologies. These improvements will benefit our clients’ transnationality,” head of digital transformation in investment banking at BBVA stated.

However, an ambiguous component of Ripple’s services is the necessity of intermediaries. In an email, Ripple representative told CryptoCoinsNews that Ripple executives believe “bank’s aren’t going away” and that “bitcoin is getting it wrong.” Yet, by growth, bitcoin has evidently appealed to a wider range of users, businesses and investors as it is valued at $23.7 billion at the time of reporting. Ripple’s market cap is below 10 percent of bitcoin’s.

`An intermediary such as BBVA utilizing the Ripple network for a customer can be understood as an intermediary using another intermediary to process transactions. Thus, in the long run, one of the two intermediaries could be rendered ineffective. Either users will solely rely on the Ripple network and utilize XRP to make transactions with each other or banks will develop their own blockchain network similar to SWIFT and simply discard its partnership with Ripple.

The issue with banks developing their independent blockchain networks is the necessity of cooperation and collaboration. Hence, by relying on an existing blockchain network structured to serve financial institutions, banks can cut development costs.

Three advantages Ripple offers to its banks is speed, certainty and cost. By utilizing a decentralized blockchain in Ripple, banks can potentially see a reduction of billions of dollars in operating costs. Whether banks will remain with Ripple and work on the development of a cross-bank network or form their own blockchain network like JP Morgan is still difficult to speculate.



Source: cryptocoinsnews

 

Ripple Overtakes Ethereum to Become Second Largest Crypto After Japanese Bank Consortium Formed

Rather unexpectedly, Ripple officially took over Ethereum by $200 mln in market cap to become the world’s second largest cryptocurrency with a total market cap of $8.5 bln. Over a 24-hour period, Ripple price recorded a 71.6 percent increase, while Ethereum price decreased by 6.85 percent.

Several cryptocurrencies including Ripple, NEM and Stellar Lumens experienced inorganic short-term price growth in the last 24 hours, each gaining 71.6 percent, 53.4 percent and 94.81 percent daily gains respectively.

Although Ripple has made significant progress in establishing strategic partnerships such as the recent addition of 10 new financial institutions including MUFG, BBVA, SEB, Akbank, Axis Bank, YES BANK, SBI Remit, Cambridge Global Payments, Star One Credit Union and eZforex.com, it is difficult to justify its 71 percent gain in such a short period of time.


Japanese Consortium announced

The latest partnership or initiative launched by Ripple was 11 days ago and no major exchanges or trading platforms globally have integrated support for Ripple trading in the past few weeks. Thus, to be critical, a 71 percent increase in Ripple price seems fairly inorganic.

The only driving factor that could explain Ripple’s latest price surge is the establishment of a collaborative project amongst banks in the Japanese Consortium for cross-border and domestic payments.

According to its official introduction video, Ripple is powering the entire network with its Blockchain-based cross-border and cross-bank payment protocol.

Japan Bank Consortium stated:

“In order to address these emerging needs, banks have come together to launch the Japan Bank Consortium for cross-border and domestic payments which enable a flexible and efficient payment system. It is the world’s first case to implement Ripple solution in a cloud environment.”

With its partnership with Japan Bank Consortium and other leading banks and financial institutions in Europe such as BBVA, Ripple has solidified its position as the base Blockchain protocol for the global financial structure and industry.


What does it mean for Ethereum?

Ethereum has implemented a similar partnership-based strategy with the launch of the Enterprise Ethereum Alliance earlier this year.

While it is still uncertain whether Ripple’s short-term growth will stabilize over the long run, Ethereum and Ripple are both utilizing the same strategy to appeal to large-scale conglomerates and banks. Although Ethereum has attracted the likes of JPMorgan, Ripple seems to have grasped the attention of multi-billion dollar banks and financial institutions.


Source: cointelegraph

 

The Newly President Elect of France, Emmanuel Macron, Might be a Bitcoiner

The youngest president in France’s history, who gave the far right Front Nacional leader, Marine Le Pen, a resounding defeat, winning by 33 points ahead, might actually be a bitcoiner.


Macron holding a Ledger Blue bitcoin hardware wallet.

According to reports, the picture was taken during a Cap Digital event in March last year. Cap Digital being “a French public agency dedicated to the development of the Innovative Economy,” according to Wikipedia.

Taking pictures with cool gadgets at an innovative businesses event is just part of his job, some say. So it’s not clear whether this signifies anything more, but the President-Elect holding a Ledger Blue bitcoin wallet is one of the highest official to use bitcoin in some manner, joining the former British Chancellor George Osborn who actually bought some bitcoins in 2014.


That event did wonders for London, positioning the city as a welcoming hub for innovation which eventually earned London the title of Fintech’s Capital of the World. Macron might now perhaps try to challenge the city.

In a roughly translated French article, Le Figaro says Macron, as Minister of Finance, announced “an adaptation of the financial regulation to allow experimentation of blockchains dedicated to the market of Bonds.” Moreover, “if the experimentation is conclusive, the government could extend it to unlisted securities in order to promote the emergence of a SME exchange.”

The former Rothschild banker appears to be a center leaning politician with his policies very much affirming the seven decades old liberal order which has ensured peace and prosperity within continental Europe.

He is strongly in support of the European Union, an economic but also political project envisioned by Churchill to make war between the tribal European people an impossibility by giving France and Germany joint control over steel and iron.

His victory is seen as a resounding defeat of last century’s nationalistic policies which have been tried and have miserably failed. The French people thus took to the street and twitter, shouting Viva la France, Viva la Republic and Viva la Liberta.

He is young, cosmopolitan, the son of a physician and a professor of neurology, unashamedly calls himself a liberal. Yet, the roar of the right can’t be ignored. The public appears to be fed up with the elite’s handling of Arabia where three million have died in the war torn countries of Afghanistan, Syria and Iraq over the past decade.

The right calls for an escalation, but perhaps it is time the calls for peace get far louder and the public starts demanding a political settlement to these 15 years of war which have only managed to give us trillions of debts, highest inequality levels in a century, crumbling infrastructure, with nothing to show for it.




Source: cryptocoinsnews

 

$25 Billion in 30 Days: Are Cryptocurrencies in a Bubble?

The combined market capitalization of all public cryptocurrencies has surged nearly 80% over the last month, as more than $20bn worth of new investment dollars has flooded the nascent market.

In roughly 30 days alone, the market cap for experimental blockchain-based cryptographic assets has ballooned from $27.8bn to $49.5bn, according to data from CoinMarketCap, with the strongest gains observed outside of the market's historical leader, bitcoin.

A closer look reveals the total market cap of so-called 'altcoins', cryptographic tokens that seek to serve alternative use cases to bitcoin, has surged to $23.5bn, up more than 600% from just over $3bn in early March.

Amid this sharp rally, some market observers have expressed concerns that the asset class may have entered a speculative bubble.

When supporting his argument, Jacob Eliosoff, a trader who runs a cryptocurrency fund, pointed to not only to the price gains, but also the fact that so many cryptocurrencies – including those that haven't seen technical or business progress – have risen in value.

Eliosoff told CoinDesk:

"I've been making the bubble argument for weeks. Doge, Dash, Litecoin, Stellar, Gnosis ... practically every coin has surged."

He further cautioned that this development is "a sign of unthinking buyers that will sell as soon as the tide turns."

Daniel Masters, director of the regulated investment vehicle Global Advisors Bitcoin Investment Fund (GABI), offered similar sentiment, emphasizing that even cryptocurrencies with smaller market caps – like litecoin, ether, namecoin and ripple – have all experienced strong gains over the last few months.

He told CoinDesk that he believes "sentiment [is] too strong," noting that between this and record prices for cryptocurrencies, a bubble may be forming.

More room to grow

While the aforementioned analysts provided cautious viewpoints, other market observers were more optimistic, asserting that cryptocurrency prices have significant room to appreciate despite current prices.

Harry Yeh, managing partner of Binary Financial, took a bullish slant, telling CoinDesk that "there's still quite a ways to move" as more investors take note of big gains in the sector.

Tim Enneking, chairman of Crypto Currency Fund, also spoke to the market's potential. "I would agree that prices have increased too far too fast, but I don't think it's a serious problem – more like a buying opportunity," he said.

He elaborated on this statement, pointing out that it is challenging to determine the "true value" of a cryptocurrency:

"I'm not sure I would label it a bubble, at least not yet. It's quite difficult to definitively state what the intrinsic value is or should be of an altcoin," he said, adding:

"Property is worth what people are willing to pay for it."


Rising OTC trading

One strong indicator of the bullish sentiment is robust trading. While transaction volume for many of the digital assets listed on Coinmarketcap has risen, over-the-counter (OTC) trading firms have also reported an increase in activity.

Martin Garcia, vice president of Genesis Global Trading, noted that his New York-based firm is experiencing such an improvement.

"Our new applications are up significantly, and old clients are circling back as well," Garcia said.

Ryan Rabaglia, head trader for Octagon Strategy, expressed similar sentiment.

"Our desk has had [a threefold] volume increase over the last few months and over the last few weeks we're onboarding new counterparties at a record rate," he said.

Finally, Rabaglia spoke to the changing demands of his customers, emphasizing that while bitcoin and ether are still the "hottest names," his trading desk has repeatedly received requests for trades involving lesser-known alternative cryptocurrencies such as ZEC, DASH, ETC and XRP.

Ultimately, he characterized the current market as one with abundant opportunities for his business.

He concluded:

"Up to this point we've dabbled in each and are considering dedicating more resources if the demand persists."



Source: coindesk

 


Bitcoin Capitalization Adds On $1 Bln Daily: Industry Leaders Explain Why

On Friday, Bitcoin has added over $1 bln to its market cap, repeating the pattern of recent days.

Since the month started, its market cap had risen by an average of $1 bln per day for the past five days according to CoinMarketCap moving from about $21 bln on May 1 to $26 bln on May 5.

Whether this is sustainable would be determined by the market in the coming days. Thus, it falls within the premise of the discussion that the Bitcoin market is still small, its potential is huge and it has a long a way to go in terms of reach and adoption.

Recent comments by some industry insiders support this viewpoint.

84,12 and three months

Bruce Fenton, host of the Satoshi Roundtable and a board member of the Bitcoin Foundation, recently made a tweet that puts the uptake of the entire cryptocurrency market cap into a somewhat meaningful perspective.

Bruce Fenton‏ writes:

“It took seven years for the value of all cryptocurrency to hit $10 bln, another year to hit $20 bln and three more months to hit $40 bln.”

Can it become worthless in a day? Fenton’s point is to draw attention to the market’s trend which could establish that its growth rate is becoming exponential. This is particularly interesting considering that the entire market was able to gain about $5 bln in the past week alone.

Bitcoin Price $1,500 “isn't cool”

It leads to the view shared by the investor Trace Mayer,‏ who, in reference to an interview he had granted in 2013, touched on the view that the Bitcoin market could grow more. In the video, Mayer laid out his case for Bitcoin to reach $2.8 mln per unit at some point tipping the price range at the time - $800 and $1,200 - as being at the initial stage of price discovery.

His latest tweet, however, coming in the wake of the recent rise of the digital currency over $1,500, was tagged to his 2013 claim. It suggests that the current price of over $1,500 “isn't cool” but a $2 mln to $5 mln price range for a Bitcoin actually is.

Hard part passed

In another twist, another Bitcoin crusader, Charlie Shrem, adds that the rise of Bitcoin price from $0 to $1,500 seems a lot harder to him than getting from $1,500 to $150,000


Source: cointelegraph

 

Cryptocurrency Market Cap Soars Above $40 Billion, Boosted By Hefty Trading

Bitcoin may be getting most of the headlines, but cryptocurrency as a whole is on a roll. Statistics from Coinmarketcap.com reveal that 82 out of the top 100 cryptocurrencies posted gains in a recent 24-hour period. Whether all cryptocurrencies are riding bitcoin’s coattails or investors are suddenly discovering altcoins is anybody’s guess.

The total cryptocurrency market capitalization (price per coin times amount of coins in circulation) stands at $42.6 trillion. That marks more than a $10 billion gain in 10 days.


Ripple Leads In Growth Rate

Among the currencies with a market capitalization in excess of $1 billion, Ripple has posted the top growth rate of 33.6% in a 24-hour period, yielding a $2.831 billion market cap. Litecoin comes in second with a 22.34% growth rate and $1.132 billion market cap.

Ripple’s gain has been credited to a strategic partnership initiative, teaming with Asian and Australian banks in conjunction with its stated goal of acting as PayPal-like mechanism for large interbank transfers.

Litecoin, for its part, has benefited from Coinbase’s decision to support it, allowing users to buy, sell and store Litecoin using its platform and wallet. It became the third cryptocurrency, after bitcoin and Ethereum, to gain Coinbase’s full support.


What Drives Bitcoin?

Bitcoin, far and away the largest market cap in excess of $25 billion, posted a 5.81% 24-hour jump. Bitcoin’s price reached a new all-time high once again, at $1,567.

Brian Kelly, a financial analyst at CNBC, has attributed the recent surge in bitcoin’s price to the rise in institutional investors within the bitcoin market. Other factors include the bitcoin community’s consensus not to support Bitcoin Unlimited, and an overall increase in global trading.

Some analysts have attributed some of bitcoin’s growth to that of the altcoins; altcoins are usually bought and sold with bitcoin, requiring traders to buy bitcoin.

EBitcoin may be getting most of the headlines, but cryptocurrency as a whole is on a roll. Statistics from Coinmarketcap.com reveal that 82 out of the top 100 cryptocurrencies posted gains in a recent 24-hour period. Whether all cryptocurrencies are riding bitcoin’s coattails or investors are suddenly discovering altcoins is anybody’s guess.

The total cryptocurrency market capitalization (price per coin times amount of coins in circulation) stands at $42.6 trillion. That marks more than a $10 billion gain in 10 days.


Ripple Leads In Growth Rate

Among the currencies with a market capitalization in excess of $1 billion, Ripple has posted the top growth rate of 33.6% in a 24-hour period, yielding a $2.831 billion market cap. Litecoin comes in second with a 22.34% growth rate and $1.132 billion market cap.

Ripple’s gain has been credited to a strategic partnership initiative, teaming with Asian and Australian banks in conjunction with its stated goal of acting as PayPal-like mechanism for large interbank transfers.

Litecoin, for its part, has benefited from Coinbase’s decision to support it, allowing users to buy, sell and store Litecoin using its platform and wallet. It became the third cryptocurrency, after bitcoin and Ethereum, to gain Coinbase’s full support.

What Drives Bitcoin?

Bitcoin, far and away the largest market cap in excess of $25 billion, posted a 5.81% 24-hour jump. Bitcoin’s price reached a new all-time high once again, at $1,567.

Brian Kelly, a financial analyst at CNBC, has attributed the recent surge in bitcoin’s price to the rise in institutional investors within the bitcoin market. Other factors include the bitcoin community’s consensus not to support Bitcoin Unlimited, and an overall increase in global trading.

Some analysts have attributed some of bitcoin’s growth to that of the altcoins; altcoins are usually bought and sold with bitcoin, requiring traders to buy bitcoin.


Ethereum Has Its Own Story

Ethereum, which has the second highest market cap at just over $8 billion, has jumped 12.12% in the 24-hour period. Its price rise is due to a number of factors.

Google searches for Ethereum have spiked to an all-time high, nearly doubling in just one week.
Some countries appear to be using ETH a hedge against national currencies. Switzerland, where the Ethereum Foundation is based, showed the strongest interest, followed by Venezuela, which is suffering triple-digit inflation.

South Korea seems to have fallen in love with the currency. Its three largest exchanges handle twice the ETH/fiat volume of Coinbase’s GDAX and Kraken combined.

South Korea is also big into fantasy sports, an area where ETH’s smart contracts can be used to make the game more transparent and reduce cheating.


Don’t Forget Dash

Dash, number 5 with a $683.3 million market cap, jumped 6.77% in the 24-hour period. Featuring exceptional transaction speed, Dash continues to become more accessible to investors and consumers.

The cryptocurrency exchange Kraken recently announced the integration of Dash to its trading platform. BitCart, an Ireland-based discount gift card platform, recently allowed users up to a 20% discount for using Dash on Amazon purchases. Crypto-Woo, a payments plug-in, has integrated Dash, allowing users to pay for online purchases with Dash. CryptoBuyer, a Venezuela-based crypto exchange, has begun selling Dash, allowing consumers in the economically ravaged country to have another alternative to its imploding national currency.

Ethereum Classic, number six at $664.4 million, rose 8.97%.

NEM, at %521.7 million, jumped 9.5%.

Monero, number 8 at $371 million, rose 8.76%.

The top 14 cryptocurrencies all posted gains in the 24-hour period.  PIVX, which at $84.1 million has the 15th highest market, cap posted a 3.16% drop.


Ethereum Has Its Own Story

Ethereum, which has the second highest market cap at just over $8 billion, has jumped 12.12% in the 24-hour period. Its price rise is due to a number of factors.

Google searches for Ethereum have spiked to an all-time high, nearly doubling in just one week.
Some countries appear to be using ETH a hedge against national currencies. Switzerland, where the Ethereum Foundation is based, showed the strongest interest, followed by Venezuela, which is suffering triple-digit inflation.

South Korea seems to have fallen in love with the currency. Its three largest exchanges handle twice the ETH/fiat volume of Coinbase’s GDAX and Kraken combined.

South Korea is also big into fantasy sports, an area where ETH’s smart contracts can be used to make the game more transparent and reduce cheating.


Don’t Forget Dash

Dash, number 5 with a $683.3 million market cap, jumped 6.77% in the 24-hour period. Featuring exceptional transaction speed, Dash continues to become more accessible to investors and consumers.

The cryptocurrency exchange Kraken recently announced the integration of Dash to its trading platform. BitCart, an Ireland-based discount gift card platform, recently allowed users up to a 20% discount for using Dash on Amazon purchases. Crypto-Woo, a payments plug-in, has integrated Dash, allowing users to pay for online purchases with Dash. CryptoBuyer, a Venezuela-based crypto exchange, has begun selling Dash, allowing consumers in the economically ravaged country to have another alternative to its imploding national currency.

Ethereum Classic, number six at $664.4 million, rose 8.97%.

NEM, at %521.7 million, jumped 9.5%.

Monero, number 8 at $371 million, rose 8.76%.

The top 14 cryptocurrencies all posted gains in the 24-hour period.  PIVX, which at $84.1 million has the 15th highest market, cap posted a 3.16% drop.

 

Source: cryptocoinsnews

 

Bitcoin Price Breaks $1,600 on Major Exchanges, Global Average Nears

Bitcoin price is close to reaching $1,600. Currently, as global average, bitcoin is being traded at $1,594. However, some major exchanges including Coinbase’s GDAX and Japan’s Bitflyer have already begun to list a trading value higher than $1,600, with GDAX reaching $1,623 minutes before the time of reporting.

On May 3, CryptoCoinsNews previously reported that bitcoin price established its new all-time high at $1,567, for the third time this week. Bitcoin price is continuing its week-long momentum led by the Japanese and US markets, as it quickly approaches the $1,600 region in global average.


Currently, the majority of bitcoin trading is being processed in Japan and thus, the focus of global investors and traders are set in the Japanese market and industry. The daily trading volume of the US exchange market has decreased over the past two days. The Japanese exchange market has already reached $1,600, with its dominant bitcoin exchange Bitflyer trading bitcoin at a price of 180,000 yen, or $1,601.

The upward trend in bitcoin price is being supported by a rise in demand for bitcoin in the Japanese and South Korean markets. Although the South Korean exchange market only accounts for around 7 percent of the global exchange market in terms of market share, it is trading bitcoin at an average price of $1,648. Historically, the Chinese and South Korean markets have always offered arbitrage opportunities for traders.

One of the key factors that is preventing bitcoin price from surging past $1,600 and hitting new all-time highs is the inorganic trading price listed and demonstrated by Chinese bitcoin exchanges. The demand for bitcoin has substantially decreased in the regulated Chinese bitcoin exchange market due to the tightening of regulations. If the weekly trading volumes and average trading price of LocalBitcoins China is included to balance the trading value of bitcoin on regulated exchange markets, bitcoin most likely would have entered the $1,600 region already,




Source: cryptocoinsnews

 

CRYPTO CURRENCIES

BITCOIN

ETHEREUM

RIPPLE

ETHEREUM CLASSIC

LITECOIN

MONERO

STEEM

DASH

JOINT INVESTMENT PROGRAM AND BONUS

Below you can see our package and choose the one that suits you best.

$ 100 USD

  • Sponsor Bonus: 5 %
  • Binary bonus: 1 %
  • Referral bonus: Level 2-10
  • Receive profits 300 days
EXPERIMENT

$ 250 USD

  • Sponsor Bonus: 7 %
  • Binary bonus: 2 %
  • Referral bonus: Level 2-10
  • Receive profits 300 days
MEMBER

$ 500 USD

  • Sponsor Bonus: 9 %
  • Binary bonus: 3 %
  • Referral bonus: Level 2-10
  • Receive profits 300 days
BUSINESS

$ 1,000 USD

  • Sponsor Bonus: 11 %
  • Binary bonus: 4 %
  • Referral bonus: Level 2-10
  • Receive profits 300 days
CORPORATE

$ 2,000 USD

  • Sponsor Bonus: 13 %
  • Binary bonus: 6 %
  • Referral bonus: Level 2-10
  • Receive profits 300 days
PRO

$ 5,000 USD

  • Sponsor Bonus: 15 %
  • Binary bonus: 8 %
  • Referral bonus: Level 2-10
  • Receive profits 300 days
VIP

$ 10,000 USD

  • Sponsor Bonus: 20 %
  • Binary bonus: 10 %
  • Referral bonus: Level 2-10
  • Receive profits 300 days
ELITE

$ 100,000 USD

  • Sponsor Bonus: 20 %
  • Binary bonus: 12 %
  • Referral bonus: Level 2-10
  • Receive profits 600 days
SHAREHOLDER

PARTNER OF STRIKE BIT CLUB

                         

                            

                                 


          



QUESTIONS?

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

1

How can I open an account?

  You will need a reference person who can assist you in registering an account with SBC or you can personally create an account directly from a referral link. General information is required as follows: 
- User name
- Mobile number (You must register a number directed to your Telegram account that can be reached when necessary)
- Email address
- Bitcoin wallet address (for direct withdrawal)
- A photocopy of your ID card or Passport

2

How many accounts can I register?

 You can have maximum 07 (seven) accounts. In case you are a big investor, please choose the SHAREHOLDER package, investing capital up to $100,000 that offers greatest interests to SBC’s shareholder.

3

Is my information kept confidential?

   Yes, your contact and billing information is kept confidential and will never be given or sold to any third party.

4

How do I deposit money to SBC?

 You will choose a suitable package first. Then deposit the exact amount of bitcoins in your package, converted in USD at the time. Upon the completion of 3 authentications, your transaction will be successful.

5

How long until my account begins to earn interest?

  Starting from the 8th day, you’ll be receiving interest payment for the first day. When you get all interests for 300 days, your benefits will stop provided that you have to make a reinvestment of 15% every 60 days.

6

How long will a PH request be verified?

After your transaction has gone through 3 authentications, the system will auto-verify the completion.

7

How to upgrade the investment package?

  You are very welcome to advance your package. The greater the investment, the higher your interests will be.

8

What is the referral link?

It is a link that you can share with new members and those who would like to join SBC. 

9

How to recover a forgotten login account?

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

10

What is the minimum investment I can start with?

You can start as low as US$100.

11

What is withdrawal limit?

You can get a minimum of US$10 and no maximum amount limit.

12

Can I request a money transfer within my internal system?

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

13

What will happen to my account if I don’t make a 15% reinvestment after 60 days of receiving interests?

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

14

Can I change my personal information such as mobile number, email, bank account, etc. in the system?

You are allowed to change any personal information at any time through a password verification sent to your registered email.

15

Where can I develop my business and build the system?

The system allows you to open accounts that you can invest and trade bitcoin, and other cryptocurrencies, with SBC trading platform. Moreover, you are free to grow the member network within your system anywhere in the world, provided that you must support them with your best.

TRADE

# Name Market Cap Price 24hour VWAP Available Supply 24 Hour Volume %24hr Trade
1 $35,549,939,351 $2174.98 $2108.3466 16,344,950 $1,875,930,000 10.17%
2 $17,200,758,727 $187.31 $171.5958 91,830,435 $1,182,250,000 31.78%
3 $11,807,371,535 $0.3064 $0.305 38,532,538,149 $224,760,000 -10.51%
4 $2,280,078,000 $0.2533 $0.2324 8,999,999,999 $36,143,200 4.33%
5 $1,335,022,867 $26.0649 $24.7845 51,219,182 $163,687,000 -3.92%
6 $986,180,444 $134.881 $118.2007 7,311,485 $59,993,700 35.55%
7 $897,344,131 $9.7679 $8.4932 91,867,014 $175,301,000 29.65%
8 $668,584,974 $0.0037 $0.0039 182,922,885,093 $65,232,300 27.43%
9 $575,245,648 $39.6632 $36.2643 14,503,259 $21,524,000 14.91%
10 $500,320,161 $0.052 $0.052 9,624,928,788 $92,149,200 -2.98%

STRIKE BIT CLUB PRIVACY POLICE

 

I. GENERAL

A. The operative parties referred to in this policy are Company and You, the User of these sites: Strikebitclub.com

1. Strike bit club decentralize system is the publisher and operator of the website(s) listed at the beginning of this Policy. Hereinafter, Strike bit club shall be referred to as “Company”. When first-person pronouns are used in this Policy, (Us, We, Our, Ours, etc.) these provisions are referring to Company. Additionally, when the terms “the Site” or “Site” are used, these terms refer to the website(s) listed at the beginning of this Policy, as well as the Services offered via the Site, such as the virtual currency exchange (the “Exchange”) and ancillary services as defined in Our User Terms.

2. You, the User As the User of this Site, this Policy will refer to the User as “You” or through any applicable second-person pronouns, such as “Yours,” etc. Hereinafter, the User of the Site shall be referred to in applicable second-person pronouns.

B. This Privacy Policy describes how we use information received about you when you visit Our Site or when You subscribe to, or otherwise use Our Services. This Policy does not cover any information that we may receive from or about you through channels other than through the use of the Site or Services.

 

II. REVISIONS TO THIS POLICY

We reserve the right to revise, amend, or modify this Policy and Our other policies and agreements at any time and in any manner. You should periodically check for any modifications of this Policy by re-visiting this web page and using the “refresh” button on your browser prior to your use of the Site and the Services. You should note the date of last revision to this Policy, which appears at the top of this Policy. If the “last modified” date remains unchanged after you have clicked the “refresh” button on your browser, you may presume that no changes have been made since the last reading of the Policy. A changed “last modified” a date indicates that this Policy has been updated or edited, and the updated or edited version supersedes any prior versions immediately upon posting. In a merger or acquisition of the Company, customer personal information will likely form part of the assets to be transferred. Any and all changes to this Policy arising from such merger or acquisition will be posted on the Site and you will be notified of the changes via a news update within your account settings page.

 

III. PERSONAL INFORMATION THAT WE COLLECT

Visitors to Our Site, and users of Our Services, will have multiple manners of interactivity with us. Depending upon Your level of interaction, we will collect different information about you. The type of information collected is as follows:

1. Members

Members are those Users who interact with Our services in a way which requires registration, for example, participating in the Exchange or Our user discussion forums, if applicable (“Forums”). As a Member, You may be prompted to provide Your name, Your residence address and mailing address (if different), Your telephone number, a valid email address, Your date and place of birth, a copy of a valid photo ID or passport, proof of residence, Your government issued identification number, other personal information necessary to verify your Identity, and Your Bitcoin addresses and related information (“personal information”) which may lead to Your identification.

2. Browsers

Browsers are visitors to the Site who never enter into any active data collection pages or use the Services or Exchange. Browsers may, however, view content posted by Members. Any information gathered from Browsers is also gathered from Members. This information is restricted to cookies, IP Addresses and Referral URLs, and other passive information gathering devices. Browsers are also considered Users of the Site.

 

IV. HOW WE COLLECT INFORMATION FROM YOU

1. Passive Collection

We use cookies to collect information about you in order to enhance your experience on the Site. The information collected in our cookies includes, but is not limited to, Your User IP address, geographic location and other session data. Cookies are small text files that are stored in your local browser cache. Such cookies enable the recognition of your browser in order to optimize the Site and simplify its use. Most browsers are set-up to accept these cookies automatically. We use cookies to improve our knowledge of your use of the Site and hence the efficiency of your individual use of this Website. The cookies are not permanent and will expire after a short period of non-use. For security reasons, you may wish to deactivate the storing of cookies or adjust your browser to inform You before the cookies are stored on Your computer. However, please note that if you do erase or block the cookies, you may not be able to utilize some features on the Site. We shall however not in any way, be held liable for any loss or damage resulting from your inability to use such features.

2. Active Collection

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

 

V. HOW WE USE YOUR INFORMATION

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

 

VI. SPECIAL CASES

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

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

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

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

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

5 To operate Our Site, Services and Exchange properly;

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

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

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

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

 

VII. TRANSMITTALS FROM US

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

 

VIII. OUR COMMITMENT TO SATA SECURITY

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

 

STRIKE BIT CLUB TERMS AND CONDITIONS

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

 

1.USE OF SITE.

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

 

2.TERMINATING THIS AGREEMENT

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

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

 

3.Individuals, Corporations, Tax Exempt Entities

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

a.) Individuals who are of the legal age.

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

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

 

4.Proper Completion of Documents

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

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

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

 

5.DISCLAIMER.

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

 

6.TERMINATION/ACCESS RESTRICTION

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

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

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

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

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

e) Promising or guaranteeing any “returns on investment”

f) Promising or guaranteeing any profit

g) Promising or guaranteeing any passive income

h) Using a false identity

i) Strike Bit Club is unable to verify identity

j) Member owes money to the company

k) Member owes money to other affiliates

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

m) Unauthorized use of another’s account

o) Violating any terms and conditions

p) Other misconduct and violations

q) Violations of law of any Country or State

 

7.MODIFICATION of THESE TERMS of USE.

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

 

8.LIMITATION of LIABILITY.

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

 

9.INDEMNIFICATION

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

 

10.MEMBERSHIP REFUND

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

 

11.ELECTRONIC SIGNATURES / ASSENT REQUIRED

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

 

12.NOT A BANK OR TRUST ACCOUNT

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

 

13.DISCLAIMER; RISK FACTORS

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

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

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

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

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

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

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

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

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

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

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

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

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

 

14.VIRTUAL CURRENCY VALUES

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

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

 

15.YOUR ACCOUNT REGISTRATION DATA

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

 

16.CHANGES TO REGISTRATION DATA

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

 

17.YOUR ACCOUNT RESPONSIBILITY

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

 

18.NO ACCOUNT TRANSFERS

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

 

19.PASSWORD SECURITY

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

 

20.THIRD PARTY ACCOUNT INFORMATION

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

 

21.FUNDING YOUR ACCOUNT

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

 

22.NO REVERSAL OF TRADES

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

 

23.SERVICE INTERRUPTION

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

 

24.WITHDRAWING CURRENCY

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

 

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

You understand and agree that:

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

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

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

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

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

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

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

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

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

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

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

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

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

b) Business Dependent Upon Bitcoin Value.

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

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

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

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

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

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

 

26. LIVE MARKET DATA

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

 

27.AGREEMENT TO RECEIVE NOTIFICATIONS AND OTHER COMMUNICATIONS

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

(i) Providing you with information concerning your Account;

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

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

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

 

28. RESTRICTIONS ON USE

Without our express prior written authorization, you may not:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 

29.OTHER JURISDICTIONS

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

 

30.ILLEGAL ACTIVITIES

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

 

31. ARBITRATION AND WAIVER of CLASS ACTIONS

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

 

32. CONSULT YOUR OWN TAX PROFESSIONAL

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

 

33. EXCLUSIVE MEMBERSHIP AGREEMENT

 

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