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

Market Instability Causes Bitcoin Price Premiums, China & South Korea Trade at $2,850

There exists a strange correlation between market instability and bitcoin price premiums. In leading bitcoin exchange markets with the exception of the US, bitcoin premiums emerge when bitcoin’s volatility increases.


On June 12, bitcoin price achieved a new all-time high at $3,017 as demand from investor reached a peak on major bitcoin exchanges. However, after a massive sell-off by investors presuming a market correction, bitcoin price experienced a sharp 14 percent 24-hour drop, to around $2590. Within 24 hours since the fall, bitcoin price recovered in a relatively short period of time, to $2,750.

Amidst bitcoin’s volatile price trend, premiums in China, Japan and South Korea, the second, third and fourth largest bitcoin exchange markets reemerged. Although the premium rate demonstrated by the three markets is not as high as it once was, the three markets are trading bitcoin at around a 10 percent premium in comparison to the US, the largest bitcoin exchange market.

At the time of reporting, bitcoin is being traded in the US for around $2,680. In Japan, bitcoin is being traded with a $100 premium and in China and Japan, investors are trading bitcoin with a $200 premium.


On June 11, CCN reported that bitcoin price stabilized in the $2,900 region after a major market correction in late May, as the big three bitcoin exchanges in the Chinese market including OKCoin, Huobi and BTCC resumed withdrawals for local traders and investors.

The resumption of withdrawals for Chinese traders allowed the Chinese bitcoin exchange market to surpass Japan and South Korea to reclaim its position as the second largest market behind US. The Chinese market’s short-term recovery provided the global bitcoin exchange market with stability, dematerializing premiums in the Japanese and South Korean markets.

However, despite the Chinese market acting as a catalyst to stabilize the global market, bitcoin’s high fluctuation and volatility led major markets to swing wildly. Such instability led to the resurfacing of high premiums in major markets, particularly in South Korea.

In previous coverage, CCN provided extensive analysis on the premium rates in South Korea and Japan due to the two countries’ strict anti-money laundering (AML) policies and regulatory frameworks. Robust AML systems make it extremely difficult for anyone within and outside of the South Korean and Japanese markets to take advantage of bitcoin arbitrage opportunities without being flagged by regulatory agencies.

More to that, the instability of the entire cryptocurrency market and the underwhelming performance of the top 30 cryptocurrencies is increasing premium rates in Japan, China and South Korea. Usually, premiums increase when bitcoin price is lower because investors rush in to buy. In the three above mentioned markets, premiums have always existed, even when bitcoin price hit its peak at $3,000. Based on the mid-term bitcoin price trend, premiums on the three markets only dematerializes when the entire market stabilizes.

Additionally, during extreme fluctuations, bitcoin exchanges suffer from outages due to explosive customer demand. When bitcoin price achieved its all-time high price on June 13, bitcoin exchanges including Coinbase and BTC-E experienced outages as their servers could not handle increasing traffic.

An official statement from Coinbase read:

“Coinbase is currently experiencing high traffic & customers have receive(d) a ‘service unavailable’ message when visiting Coinbase.com.”



Source: cryptocoinsnews

 

Max Keiser: Bitcoin Price in Sight for $5,000

Bitcoin recently crossed the $3,000 mark on Chinese bitcoin exchanges, marking a new high-water mark for the bitcoin price. That’s not too shabby for a currency that has died 134 times, according to 99Bitcoins’ Bitcoin Obituaries tracker.

Although naysayers such as Mark Cuban claim bitcoin is due for a correction, there are good reasons to think the bitcoin price is not in a bubble. Indeed, Keiser Report host and long-time crypto-advocate Max Keiser stated on Twitter that he believes a $5,000 bitcoin price is within sight.

Keiser’s comment was prompted by a tweet from Roy Sebag, CEO of Goldmoney, who said he attended a meeting where a portfolio manager from a well-known hedge fund stated that his or her hedge fund was “dabbling in cryptos” and that going long “has helped our performance.”

Hedge funds are herd animals. If one starts pouring cash into Bitcoin, others will follow; $5,000 within sight.


Keiser believes that portfolio manager’s comment is indicative of growing wave of institutional investment into bitcoin. In his words:

Hedge funds are herd animals. If one starts pouring cash into Bitcoin, others will follow; $5,000 within sight.

As bitcoin becomes mainstream, both fund managers and the general public will cease to view bitcoin as a taboo investment and instead treat it as a viable investment vehicle, or at least a way to diversify their assets.

This certainly does seem to be the case. Global Advisors, a U.K.-based hedge fund recently released a bitcoin assessment that theorized the bitcoin price could double if bitcoin successfully implements a scaling solution. The Financial Times also reported that four large Japanese and American hedge funds have begun buying Mt. Gox account holder claims on the gamble that a bitcoin price increase will net them a huge windfall.

The bitcoin price still has a long way to go to reach $5,000, but if current trends continue cautious investors will soon be left regretting that they did not buy bitcoin when it was valued at $3,000. On his part, Keiser—who boasts that he has been recommending bitcoin since its value was $3—claims on his Twitter profile that his price target is $100,000.


Source: cryptocoinsnews

 

 

Advertising Trade Group to Use Ethereum Tokens in Fight Against Online Fraud

The Data & Marketing Association (DMA), a traditional trade organization for data-driven marketing, has announced plans to launch a blockchain-based solution aimed at fighting online advertising fraud.

Called adChain, the product is collaboration with California startup MetaX that will find the two entities creating a smart contract on the public ethereum blockchain designed to prevent bots from fraudulently generating clicks at the cost of advertisers. Under the system, domains will hold adTokens on the registry as a means of accreditation, with the goal of proving that ads reach a real human audience.

"DMA's advertiser members need to know that they are purchasing ads from legitimate publishers, and DMA's publisher members need to deliver accurate metrics along with a value in their publishing platform," said Tom Benton, CEO of DMA.

For advertisers, the solution will allow for the purchase of ad-space on sites that are provably fraud-free. For publishers, the product would helps maintain identity and veracity in the advertising supply chain.

According to Ken Brook, CEO of MetaX, the adChain protocol allows all parties involved to come to a consensus on what is fraudulent in digital advertising by creating a whitelist of trustworthy operators.

Brook said:

"We believe many of the problems can be addressed with trusted identity and verification. Other parts of the adChain protocol can prevent domain spoofing, which is still a major industry problem."

Ad money spent on fraudulent traffic is tipped to reach $16.4bn in 2017, more than double that of 2016, and the DMA claims its solution, outlined in a new white paper, will bring more transparency to digital advertising’s processes.

With the platform, however, domains can apply to be added to the registry, and if no other parties challenge their validity, they can begin trading with advertisers.

Community voting

Notably, the use of the public ethereum blockchain is key for the product, despite the fact it will have an intended business audience.

According to Brook, one of the more important components of the network will be its open reporting system, which will seek to help determine the conduct of those using the system with a token-based rewards mechanism to incentivize participation.

Brook added:

"We can incentivize virtuous behavior by tokenizing the adChain protocol and rewarding those who report or prevent fraud by leveraging our token voting mechanism."

In the case of a questionable domain, an adToken holder can deposit tokens equal to that of the new applicant. This will open a voting process where other holders can vote on the legitimacy of the new domain and if it should be allowed in. Rejected applicants can reapply again.

The news that adChain will pursue a token-based model comes amid a surge in interest for so-called initial coin offerings, a form of blockchain token distribution. Just last week, web browser Brave raised $35m in a record fast token sale in its hope to improve how users see and interact with digital advertising.


Deployment roadmap

According to those involved, the solution is now in the midst of building its network.

MetaX is currently integrating adChain with industry partners, such as demand-side systems (DSPs) and publishers, for a private beta that will run for the rest of the year. Oxford Bio Chron, a bot detection service, is the first to integrate the solution.

DMA and MetaX have also established the adChain Association (ACA), a non-profit governing body that will oversee the protocol. MetaX is providing DMA with the technical know-how while DMA will use its reach and influence to encourage adChain usage. New York blockchain startup ConsenSys is also involved in the project and will be building advertising services around the adChain protocol.

The public launch of the tokens – 1 billion in total – will take place later this month with an experimental deployment in August. One hundred million tokens have already been sold in a pre-sale to fund development and onboard a number of industry players.

The remaining 900m tokens will be broken down as such: 200m reserved for MetaX, 200m reserved for ConsenSys, and 500m for a public token sale capped at $10m.

Those involved are targeting early 2019 for a public launch.


Source: coindesk

 
 

Bitcoin Takes Beating in Israel

Bitcoin was dealt a major beating by the district judiciary when they ruled against Bits of Gold, a cryptocurrency broker in Tel Aviv. The company had sought a court order after it was denied servicing by Bank Leumi, a local bank in the area.

The bank argued that the very nature of Bitcoin made it impossible for the bank to follow the country’s anti-money laundering (AML) requirements. Because the recipients of Bitcoin transactions cannot be identified personally, the bank is unable to determine who is receiving the transaction and is therefore unable to obey the law.

While the bank did make it clear that Bits of Gold was following the know your customer provisions of the law and was carefully reporting all transactions to the government over certain amounts, the nature of Bitcoin transfers precluded the company from obeying the AML rules.

Bits of Gold was following the letter of the law, however, the bank held the right to deny service due to the current legal ambiguity surrounding digital currencies in Israel. Without clear guidelines from the NFSA (national financial supervision authority), the bank was unable to complete its obligatory checks, and could therefore legally refuse service.


Source: cointelegraph

 

Four Main Factors That Explain 3,000 Percent Rally of Ethereum in 2017

The Ethereum spring continues. From a unit price of $8.52 in the beginning of the year, Ethereum reached its all-time high this week, topping at an incredible $269.36 per unit. The price is up by over 3,000 percent since January 2017.

This week, Ethereum traded at an all-time high of $269.36, according to data from WorldCoinIndex. It has stabilized slightly below that price since June 6. The figure below retraces its 3,000 percent growth since the beginning of 2017.

Many factors have led to this record rally, which fit pretty well in the quadriptych of the EEA, ICOs, South Korea and Russia.


The creation of the Enterprise Ethereum Alliance (EEA)

In March 2017, Blockchain startups, research labs and global companies announced the creation of the Enterprise Ethereum Alliance (EEA). The goal of this alliance is to collectively develop industry standards and encourage collaboration between its various members.

The EEA now counts hundreds of members, among which include Microsoft, Intel, J.P. Morgan, Deloitte, Accenture, ING, ConsenSys and the Toyota Research Institute. The alliance is seeking to work on common projects and contribute to the future of the Ethereum permissionless Blockchain by focusing on its scalability, privacy and confidentiality.

Julio Faura, chairman of the EEA, says:

“The enthusiasm around EEA is remarkable. Our new members come from varying industries such as pharma, mobile, banking, automotive, management consulting, and hardware as well as the startup community driving innovation. It’s great to see everyone come together and build the next generation of our economy on Ethereum blockchain solutions.”

Such an initiative is without a doubt giving legitimacy to Ethereum, and played a role in its recent rally.


The boom of ICOs

Initial Coin Offerings (ICOs) are a new way for Blockchain startups to raise millions of dollars in short periods of time, by selling custom tokens. This type of offering has flourished without a legal or regulatory framework, and it is perhaps exactly what made it so attractive.

Smith + Crown is a Blockchain consulting firm that tracks ICOs and their achievements. According to the firm, ICOs raised $101 mln in 2016. Since the beginning of 2017, the total amount raised has passed the $300 mln bar, which represents a near 200 percent increase in less than six months.

Many of the recent initiatives in this field are based on the Ethereum Blockchain due to its smart contracts capabilities, and thus, ICOs use Ether tokens and, therefore, contribute to raising the unit price of ETH.


South Korea an Ethereum powerhouse

South Korea’s three largest digital currency exchanges have integrated Ether, making it the largest Ethereum exchange market with a $335 mln daily trading volume. Since then, and over the past few months, the country accounted for around 38 percent of the total trading volume of Ethereum.

The sudden interest in ETH from South Korea is so strong that the ETH/KRW pair processes more trades than the ETH/BTC pair, which used to account for over 50 percent of all Ethereum trading.


Vladimir Putin meets Vitalik Buterin

At Cointelegraph, we recently commented on this historical meeting. Even though not many details have been revealed following it, we do know President Vladimir Putin is ready to support the development of Blockchain technology.

This interest has been further confirmed by referring to this meeting on the Kremlin’s website and through its Press Secretary. These are, in my opinion, the four main factors that altogether drove the price of Ethereum to its all-time high this year. What will come next?


Source: cointelegraph

 

Bitcoin is No Bubble in Climb to $3,000

Bitcoin is moving closer to the $3,000 region after establishing a new all-time high price at $2,933. The global bitcoin exchange market has stabilized significantly over the past few weeks as the big three Chinese exchanges BTCC, Huobi and OKCoin resumed withdrawals for users

Prior to the resumption of withdrawals by leading Chinese bitcoin exchanges, bitcoin was being traded in the Chinese bitcoin exchange market at a price around 20 percent lower than that of the US, Japan and South Korean bitcoin exchange markets.

CCN previously reported that Chinese users moved to over-the-counter (OTC) marketssuch as LocalBitcoins to purchase bitcoin to avoid withdrawal suspension set by the People’s Bank of China on major Chinese exchanges. Some analysts suggested that Chinese bitcoin exchange users migrated to the Japanese exchange market to trade bitcoin.

The latter theory explains the sudden decline of the trading volume of the Japanese bitcoin exchange market as Chinese exchange resumed withdrawals and market stabilized. Almost immediately after Huobi, OKCoin and BTCC enabled withdrawals, Japan fell behind South Korea, the third largest bitcoin exchange market, after being the dominant exchange market for six straight months.

No More Premiums For South Korean and Japanese Traders

A more important aspect to consider in the recent change of the global bitcoin exchange market and ecosystem is that the high premium rates demonstrated by Japan and South Korea dematerialized.

On May 25, CryptoCoinsNews revealed that bitcoin price surpassed $3,800 on major South Korean bitcoin exchanges due to rising demand. A few days later, bitcoin price entered the $4,000 region within the South Korean bitcoin exchange market, demonstrating a $1,200 premium over other markets such as the US, Japan and China.

Tuur Demeester, prominent bitcoin trader and Adamant Research editor-in-chief, stated that the chief information officer of Korbit, the South Korean bitcoin exchange market’s second-largest bitcoin exchange, said in an interview that the premium exists due to the country’s strict capital controls.

In South Korea, it is virtually impossible to move more than $10,000 without being flagged by the country’s anti-money laundering (AML) and Know Your Customer (KYC) systems. Users and traders are requested to explain the source of funds and the purpose of transaction with hard evidence and carry out strict KYC procedures such as face-to-face interviews, submission of bank documents and proof of identity.

“Talked to the chief information officer of [the South Korean exchange market’s] 2nd largest exchange, says that capital controls are making price arbitrage difficult,” saidDemeester.

In the past two weeks, as the Chinese market stabilized and officially became the second-largest bitcoin exchange market, other markets stabilized as well. The South Korean and Japanese bitcoin exchange markets are no longer demonstrating high premiums over the US market.


Bitcoin a Bubble, says Mark Cuban

Earlier today, billionaire investor Mark Cuban described bitcoin as a bubble despite his optimism toward the technology and its encryption system. Specifically, Cuban claimed that the latest bitcoin price rally is a bubble regardless of its strong performance since the beginning of 2017.

In our following coverage, CCN revealed that Cuban’s characterization of bitcoin as a bubble is incorrect, considering his understanding of bitcoin’s price rally and the definition of a “bubble.”

He claimed that bitcoin is a bubble because people are stating how easy it is to make money off bitcoin’s recent rally. But, this is evidently not factual as when the market corrected late last month and brought bitcoin price from $2,700 to $1,900, most of the investors that are in for short-term profit panic sold and lost their money.

In an interview with Entrepreneur, Cuban did state that bitcoin is great as an encryption technology but feels skeptical towards bitcoin as a long-term cryptocurrency. Cuban’s current perception of bitcoin could change in the near future as bitcoin continues to evolve and scale like any other technology. After all, bitcoin is a technology and it has to evolve, grow and develop overtime into a more mature cryptocurrency.



Source: cryptocoinsnews

 

Chinese Regulators Expected to Release Bitcoin Exchange Rules This Month

China’s central bank is reportedly expected to release new rules for bitcoin exchanges later this month.

According to a source quoted by Caixin, the People’s Bank of China’s (PBoC) investigations into the exchange ecosystem are complete, with regulations set to be put forward sometime in June.

The news, from 10th May, came just before China’s bitcoin exchange sector began processing digital currency withdrawals following a months-long freeze. That pause began following meetings between regulators in China and domestic exchange operators earlier this year.

Investigators reportedly drew issue with the fact that the platforms were providing financing and margin trading services to clients, according to Caixin, while further faulting the exchanges for their anti-money laundering systems. The withdrawal freezes from earlier this year were initiated as those markets moved to update those systems.

According to statements made previously by Xuedong Zhou, director of PBoC’s business management department, regulators are likely to ban the exchanges from providing leveraged trading, financing, and margin trading services. He also said that exchanges should not try to pump up the trading volume through waiving transaction fees.

Chinese regulators are also discussing possible regulations on initial coin offerings, or ICOs, according to a report review written by Yao Qian, director of PBoC’s digital currencies research department.


He wrote in May:

“Although the government is being tough on bitcoin, but in some sense, we should give a break to companies that has a top 10 market capitalization ICO market. We should give a chance to people to invest on these companies -- at least you could possibly be investing on some disruptive technology. It’s better than buying some stocks that are actually trash.

In the same review, he suggested that Chinese regulators to speed up the legislation for ICO regulations and to use a sandbox model.

Yao also discussed several plans including establishing ICO platforms like crowdfunding platforms, which will be responsible for educating the investors, reviewing ICO initiatives, disclosure of information, and anti-money laundering. Another model he discussed is adapting a venture capital management style and let professionals to make the investment decisions.



Source: coindesk

 

Bitcoin Price Can Reach $1 Mln: CNBC's Jim Cramer

Earlier this week, CNBC’s Jim Cramer stated that it is possible for Bitcoin price to reach $1 mln in the future.

On the CNBC show “Squawk on the Street,” Cramer stated that the demand toward Bitcoin is rapidly increasing and because of Bitcoin’s decentralized nature, its price could potentially enter the $1 mln region, which would bring the market cap of Bitcoin to tens of trillions of dollars.

However, Cramer’s reasoning behind his Bitcoin price prediction was fundamentally flawed as he failed to grasp the core purpose of Bitcoin and why investors are starting to purchase Bitcoin.


Rapid increase in global adoption

Over the past two years, Bitcoin has transformed its image from being illicit dark web money to a safe haven asset and digital gold. Bitcoin’s public image altered drastically due to a rapid increase in global adoption.

An increasing number of investors and users have begun to understand that Bitcoin’s transparent nature disallows the cryptocurrency from being completely anonymous and, therefore, it makes it possible to track Bitcoin transactions.

On a show hosted by CNBC, Cramer stated that the recent surge of Bitcoin price can be attributed to the mass purchase of Bitcoin by European banks to pay off hackers and ransomware distributors.

He said:

 

"I think it could because the European banks are frantically trying to buy them so they can pay off ransomware. It's a short-term way to be able to deal with cybersecurity. It is the way to pay off the bad guys.”

Such claim is evidently non-factual because the European Bitcoin exchange market only accounts for nine percent of the global Bitcoin exchange market and it is behind the US, Japan, China and South Korea in trading volumes. Hence, if European banks are causing Bitcoin price to surge, it needs to have absolute dominance over the market. A nine percent market share doesn't have a major influence over the 44.9 billion market cap of bitcoin.


Demand from investors

More importantly, Cramer’s statement fails to consider the fact that Bitcoin is being utilized as a currency and safe haven asset more than it is being used as a lifeline to feed ransomware developers.

In the case of WannaCry ransomware, the biggest ransomware attack in history, the distributors earned less than $100,000. That is only 0.0012 percent of the European Bitcoin exchange market. Thus, to say that Bitcoin price is rising because of 0.0012 percent of traders from the fifth largest Bitcoin exchange market is not an accurate depiction of the surging Bitcoin price.

Adam White, head of Coinbase’s digital currency exchange, said on CNBC in regards to Cramer’s statement that Bitcoin price is surging as a result of victims paying criminals: “I think that’s a stretch.”

Regardless, Cramer believes that Bitcoin price will reach $1 mln one day due to its rapidly increasing trading volumes and demand from investors. Users of Bitcoin are expecting an alternative financial system to banks and existing financial networks.

If Bitcoin enters the $1 mln region, it will be competing with the reserve currencies of the world.



Source: cointelegraph

 

Suddenly Vladimir Putin Meets Vitalik Buterin, Endorses Ethereum

 

The International Economic Forum, which just wrapped up in St. Petersburg, reportedly resulted in more than €30 bln of investments. The final and the most important result, however, is measured not in numbers, but in the mood and attitude of those who attended the Forum and who was keeping an eye on the events and meetings held in the North “capital” of Russia.

The cryptocurrency community is for sure left stunned by the recent meeting between Russian President Putin and the founder of Ethereum Vitalik Buterin.


Putin becomes a fan of Blockchain

As commented by Kremlin Press Secretary Dmitry Peskov, during the meeting, Putin and Buterin discussed the application of technologies in the country. Reportedly, the president supported the idea of establishing new business relationships following the road paved by Blockchain technology.

Earlier during the Forum, the first Deputy Prime Minister Igor Shuvalov said that Putin is really enthusiastic about the idea of building a new digital economy in the country and shared that at the moment at least three directions of Blockchain application are being explored and tested, which include the tracking of goods, building identity as well as ownership rights protection systems.

Buterin was among the speakers at the panel discussion on Blockchain economy, which actually became one of the most popular ones. Panelists discussed the potential of the technology to trigger the establishment of a new type of economy, as well as regulatory issues related to that process.

Russian regulators have been struggling so far trying to find a way to put Blockchain applications inside existing regulatory framework. Pseudo-anonymity is what concerns them the most.

Buterin says:

“I think this dilemma has no resolution. Regulators will always try to come up with new ways to control and analyze transactions, and people will always try to think how to hide these transactions. It is a sort of mathematical war, but system’s properties will never let any of these sides win.”


Not just a toy for a bunch of hackers

When Buterin first came up with the idea of Ethereum, he had only a few applications in his mind, as he said himself. However, as the technology matured and network grew, he was amazed to see how many applications for Ethereum Blockchain were found and suggested by numerous community members.

He says:

“The creativity and innovation brought about by the community are way more important than what I once came up with.”

Answering the question of one of the co-panelists, Buterin mentioned that we are right at the doorstep entering the period when Blockchain technology is marching confidently across the industries.

People start realizing that it is not just a toy for a bunch of hackers, but an efficient tool which has the potential to be deployed by banks, financial institutions, businesses, regulators, etc.

He shared his own experience in the Blockchain space and what inspires him the most:

“I started in the Blockchain space six years ago. I earned 20 BTC, 8.5 of them I invested into buying a shirt. Bitcoins I spent are now worth $20,000 and the shirt is long gone. But what I realized joining this global experiment is that this digital economy system only works if thousands of people around the world work together. And the idea that a few thousands of people connected to the network can create an independent financial system impressed me a lot. Ideas of decentralization, cryptography, openness, transparency stunned me. However, the application of Blockchain is not limited to cryptocurrency only. It has a huge potential to be applied across industries, in businesses and organizations of all sizes bringing significant benefits.”


Russia aims to become global IT leader

Blockchain technology is often compared with another technological invention - the Internet - and the impact of it is expected to be much greater. Just like in the case of the World Wide Web, those countries that decide to be bold and implement technology solutions before anyone else does are going to have a significant competitive advantage.

Russia has a chance to become one of the leaders in the global IT industry. Even though details of the meeting between Putin and Buterin are kept under the seal of secrecy, one detail leaked - the president is ready to give full support for the development of Blockchain technology, what would definitely result in a much greater volume of investments coming into the country despite any restrictions and sanctions.

This idea is actively supported and promoted by Sergey Gorkov, chairman at VEB (Vnesheconombank), who suggests empowering banks for navigating relationships between investors preparing for ICOs.



Source: cointelegraph

 

Three Things Killed By High Bitcoin Transaction Fees

As the Bitcoin block size debate rages, unconfirmed transactions pile up and the minimum transaction fee recommended while sending Bitcoins continues to increase, we take a look at three things taken for granted a year back, but which have been made impossible due to high transaction fees.


Redeeming physical Bitcoins

Physical Bitcoins come in all shapes and sizes. Casascius coins, which were made during the initial days of Bitcoin, range from 1 BTC to 1000 BTC. Physical Bitcoins produced later hold a much smaller value of Bitcoins.

Bitcoin chips produced by BTCC start from 1K bits (or 1 mBTC). In case you want to redeem the Bitcoins contained in the chips, it would cost you more in transaction fees. This makes the chips worthless, except as collectibles.

Roger Ver expressed his frustration in a tweet stating:

 

“Core's small block & high fee policy have now made @YourBTCC physical Bitcoins worth less than the fee to redeem them. #Irony.”


Spending small change

Every transaction generates change outputs. Sometimes, these change outputs are smaller than 1 mBTC, which means that they cannot be economically included as inputs in a transaction. If they were added to a transaction, the increase in transaction fees would be greater than their value. A perusal of the outputs over a full day indicates that ~5 BTC per day of output (change or otherwise) currently cannot be economically spent.


Tipping

In the early days of Bitcoin, content publishers often added their Bitcoin address to their articles. People who felt that these articles were deserving often tipped the authors a small amount of Bitcoin. While this is still technically possible, it would cost you $2 in transaction fees to tip an author $1. This kills the incentive for tipping small amounts. Microtransactions, in general, have become infeasible due to the high transaction fees.


Community optimistic

The solution to high transaction fees is simple – increase the transaction capacity of the Bitcoin Blockchain. Whether this is to be done through larger blocks or implementing SegWit is a deeply divisive debate. The Bitcoin community, however, remains optimistic about a solution being found.


Source: cointelegraph

 

Suddenly, Everybody Loves Bitcoin

Earlier this week, China’s largest mainstream media company People’s Daily defined Bitcoin as digital gold, further validating its legitimacy. Suddenly, investors and mainstream media outlets across the world have started to endorse and adopt Bitcoin.


Bitcoin to replace reserve currencies

In the past month, Bitcoin has received more extensive mainstream media coverage than it did in 2013 when interest in Bitcoin peaked.

Media companies and investment firms in South Korea, India, Australia and Japan have started to discuss the possibility of Bitcoin surpassing the value of certain reserve currencies in the far future as an alternative monetary and financial system.

Most recently, ABC News, a national news service in Australia produced by the Australian Broadcasting Corporation, reported that it is possible for Bitcoin to replace reserve currencies such as the US dollar in the next 10 years if it sustains its current exponential growth.


Alternative financial network

Bitcoin experts including BitGo engineer Jameson Lopp also suggested that investors and traders should consider basing off the dominance index of Bitcoin on the global M1 supply against currencies such as the USD, instead of altcoins in the cryptocurrency market.

Lopp noted that as of now, Bitcoin accounts for around 0.14 percent of global M1 money supply and still has a long way to go before surpassing the value of reserve currencies. However, if the idea and the concept of Bitcoin overtaking existing government-backed currencies to become the alternative financial network are the focus of investors, supporters of Bitcoin should compare the dominance index of Bitcoin to the M1 money index.

Still, the fact that mainstream media companies such as ABC News and Bitcoin experts including Jameson Lopp are even bringing up the M1 money index into discussions about Bitcoin is a positive sign that Bitcoin is on its way towards mainstream adoption.


Rapid adoption in Japan

In Japan, mainstream adoption of Bitcoin is imminent, with leading airlines, electronics retailers and some of the country's most well-known and influential companies accepting Bitcoin as digital currency rather than as digital gold and investment.

If deals with Japanese companies are pursued as planned, more than 300,000 Japanese merchants could soon accept Bitcoin in the country and tens of thousands of convenience stores could start offering Bitcoin as an official method of payment.

Genki Oda, the president of BITPoint, the company that led the deal with Peach - Japan’s largest budget airline - to accept Bitcoin, said in an interview:

“We’re holding discussions with a retail-related company. By going through a company providing payment terminal services to shops, we have the possibility of increasing its use at one stroke. It’s easier than talking to lots of individual retailers. We’re also talking to a big convenience store operator about using it.”

The demand and optimism toward Bitcoin as both a long-term safe haven asset and digital currency are rapidly rising across the world. The only technical issue left to solve is scaling to lessen fees in order to facilitate the mainstream adoption of Bitcoin.


Source: cointelegraph

 

Chinese Central Bank Intends to Regulate ICO Market

China’s central bank, the People’s Bank of China, is planning on regulating the initial coin offering (ICO) market in the near future.

Over the past year, an increasing number of Blockchain projects have utilized the Ethereum protocol to distribute unique tokens in a decentralized and transparent manner. The tokens released by independent Blockchain projects and companies are compatible with the Ethereum network and its native token.

The vast majority of Blockchain companies that have initiated ICOs have found major success, raising tens of millions of dollars at a massive valuation. In fact, on May 3, Cointelegraph reported that Blockchain companies have raised 2.4x more capital from ICOs than traditional early-stage and venture capital funding.


Easy way to raise money

ICOs have offered Blockchain startups and projects an easy method of raising capital without the existence of intermediaries and mediators. Some projects such as Gnosis have raised millions of dollars at a staggering $300 mln valuation, which would likely not be possible with traditional early-stage and venture capital firms without an active user base and a solid revenue stream.

More importantly, ICOs have allowed independent investors to participate in early-stage funding rounds of projects. Anyone can participate in an ICO by purchasing Ethereum to purchase unique tokens offered in ICO campaigns. Such decentralization has led to a larger market of potential investors and stakeholders.

However, in the past few weeks, experts have begun to discuss the legality of ICOs and how they may run into conflict with the SEC and other government agencies in the future.


Investors’ concerns about ICOs

Most recently, prominent Bitcoin trader WhalePanda wrote in his Consensus NY event recap blog post that the legality of ICOs was one of the major discussion points at the event.

WhalePanda criticized many of the ICOs that have raised massive amounts of money, at a valuation surpassing hundreds of millions of dollars, for the lack of clear vision, user base, revenue stream and even a working product. WhalePanda specifically criticized Golem and Elastic in his writing.

 

He wrote:

 

“Take Golem for example: $400 million+ market cap and not even a properly working product, just because it’s on Ethereum. Elastic for example is a similar project, they raised 700+ BTC in donations but they basically have a superior working product close to launch. Or just think about the Gnosis launch. ICO insanity has to end badly.”

Investors are concerned with regard to the legal ambiguity surrounding ICOs now that government agencies and central banks have started to get involved. Most recently, local Chinese news source cnLedger reported that Yao Qian, head of Digital Currency Research Institute at PBoC, mentioned that the central bank of China intends to regulate the ICO market soon.

Also, despite the existence of smart contract and ICO auditing firms, some experts have advocated for the regulation of the ICO market.


Source: cointelegraph

 

Top Altcoin Reshuffle: Waves vs. Bytecoin, Stratis vs. Monero and More

There were a few changes in the top echelons of the market in the past week. Mostly, tokens were seen adjusting after the whirlwind.

Significant to mention, Stellar Lumens and Bytecoin lost elite status and are now stranded in the “wilderness” of cryptocurrency. Golem also appeared towards the bottom of the top 10 briefly. This was on Tuesday, however, it could not hold the fort for long.

In the later part of the week beginning on Thursday, Ether and Ethereum Classic gathered themselves and made some gains. Other than that, their performance in the week has been abysmal.

Some more refreshing news is that Bitcoin crossed the $2,500 mark twice on Friday and Saturday. This, in fact, was the first time since last weekend's doomsday.

Stratis, the Blockchain application, had a tremendous week making heads row in the top 10. On two occasions it displaced Dash from the seventh position, however, the privacy-centric digital currency didn't give up and Dash ended the week holding its position.

Despite this, it was quite interesting to see Stratis, which earned top status a few weeks ago raising its market price to more than $11 within the week. Quite amazing since it entered the zone with as little as $1.23.


Stratis vs. Monero

Earlier in the week, Stratis pushed Monero aside and held the number eight position. Monero tried to fight back but it was to no avail.

Making casualty of the anon crypto appeared a boost for Stratis as it went on to increase its market cap to $1 bln on Saturday. Alas, it could not sustain its momentum and dropped late in the day.


Waves vs. Bytecoin

Waves Platform rose to the top on Saturday at the expense of Bytecoin. It is more than a month since the smart contract platform broke into the top 20. They have been giving indications they want to be counted among the best. Although with the exception of Bittrex, no major exchange has listed Waves, it still managed to conquer the odds.

As of press time, half of the top 10 were in red, whilst the others were making appreciable gains. It has been a week of mixed feelings but, overall, better than average.



Source: cointelegraph

 

Crypto Massacre: Why Bitcoin, Altcoin Prices Suddenly Declined


Bitcoin and major altcoins have recently experienced some significant volatility. While some players in the industry believe that the initial surge in price is as a result of value proposition and reasonable adoption of the entities, others have insisted that the surge is fueled by speculators who only want to recycle the capital to make a profit.

The recent decline in the price of the aforementioned entities presents an opportunity for further questions about the robustness of the market value of cryptocurrencies in general. These questions arise due to the early history of Bitcoin price which saw a significant crash after previously appreciating in value.


A natural process

Jason Cassidy, President of Crypto Consultant, tells Cointelegraph that this development is normal and nothing out of the ordinary.

Cassidy says:

“As we witness the birth of a new financial system taking shape, it is natural to witness a certain level of speculation. Organic growth is certainly taking place and progress is being made from the top down. Government recognition and approval, continued merchant and consumer adoption along with innovative services are helping broaden the currency's appeal and utility.”

Cassidy explains that traders and speculators that have been on the market for several years are going to be focused on locking in profits after a sharp increase in price. This, he says happens each time a new growth spurt takes place. New money enters the market and as the price gets bid up, seasoned and pragmatic traders will look to take a profit.

He also notes that every market has this dynamic, however with cryptocurrency markets being very much new, the volatility is greater. Over time as Bitcoin's price volatility in the market will lessen.

The network effect

Dana Coe of BitLox sees the network effect of Bitcoin and other crypto adoption as having a significant effect on the price fluctuations.

Coe explains that given that a lot of people have at least tangentially heard of Bitcoin, very few of them have actually "gotten into" it.

He also notes that since most altcoins have no actual real-world spending applications, the perceived growth within the altcoin environment appears to be a collective "bandwagon effect" rather than a reasonable investment or organic growth.

According to Coe:

“Everybody is always searching for the next big thing. This builds a feedback loop driving prices and ‘growth’."

Coe concludes by explaining that speculation in and of itself is not a bad thing, noting that it is a free market and in all free markets there are some winners and some losers. Organic growth comes from adding more people to the user base of all coins and an exciting market is the best advertisement ever for getting people to sit up, take notice and get on board.


Source: cointelegraph

 

Billion Dollar Cryptocurrency Club Swells to Six Members

Bitcoin continues to set new record highs on a daily basis, and taking a host of altcoins along with it as investor demand for alternatives to equities remains strong.

Bitcoin’s market cap surpassed $37 billion today when the price hit $2271.16, commanding more than a billion in trade volume in a 24-hour period, according to coinmarket.com. The total value of the coin market is now at $81.3 billion, as the last two days added more than $10 billion to the capitalization. Bitcoin’s value has almost doubled in the last month, even while its market share has fallen below 50%, thanks to the gains of other cryptocurrencies. Bitcoin’s gains have been steadier than most of the altcoins, but collectively, altcoins are rising at a faster pace.

Asian Trading Remains Key
Rising demand for bitcoin by Chinese and Japanese investors combined with falling stocks and other factors to push bitcoin to new heights. Because the Japanese yen holds the largest share of bitcoin trading, Asian trading pushes the prices higher.
The Nikkei Asian Review today reported, “Bitcoin going mainstream as Japanese business signs on,” signaling bitcoin’s growing popularity in Japan, which recently recognized bitcoin as a method of payment.Asian interest in bitcoin increasingly carries over to other currencies, as indicated by the gains for Ripple and NEM, the two most popular altcoins in Japan in terms of demand and trading volumes.Japanese regulators also decided to abolish the 8% consumption tax on transactions of bitcoin bought from exchanges, which is set to go into effect in July this year.

Progress On Scaling Continues
Today’s announcement that a majority of bitcoin miners have reached a consensus to deploy the Segwit2Mb protocol upgrade for bitcoin also bodes well. Bitcoin’s rise has benefited from an alleviation of the fear that a “hard fork” will be needed – dividing bitcoin into two currencies – to improve bitcoin transaction times. A successful deployment of an alternative scaling solution indicates the hard fork that would have resulted in two separate currencies in order to speed up bitcoin transactions may not be required.
Wences Casares, CEO of bitcoin wallet Xapo and a member of PayPal’s board of directors one bitcoin would hit $1 million before the next ten years while speaking at the Consensus 2017 conference in New York.

Ethereum Continues To Amaze
Ethereum, the largest altcoin, hit more than $16 billion market capitalization with a $179.68 price, followed by Ripple at more than $13 billion. The top three cryptocurrencies — bitcoin, Ethereum and Ripple — are the only players to boast more than $10 billion market cap.
Ethereum has witnessed the fastest growth of any digital currency ever. Not even two years old, the platform is now worth more than $16 billion with its trading spaces consistently attracting more online active users than even bitcoin’s.
Ripple, designed for enterprise use and can be used by institutions for on-demand liquidity for cross-border payments, also continues to post rapid gains. Banks and payment providers that use XRP will secure better access to emerging markets at lower settlement costs.

Ripple recently committed to placing 55 billion XRP in a cryptographically secure escrow account at the end of the year, addressing concerns that it will eventually sell its 61.68 XRP as it seeks to strengthen XRP’s exchange rate against other currencies.
NEM, number four commands a $2.299 billion cap, followed by Litecoin at $1.575 billion and Ethereum Classic at $1.02 billion.
There are now six cryptocurrencies with more than $1 billion market caps.

Altcoins Keep Shifting Position
Aside from bitcoin, the rotation shifts fairly frequently among the billion dollar players. A day ago, Litecoin, Monero, and Dash displaced Ethereum and NEM, with gains of 15%, 20%, 25%, respectively.
NEM, number four, commands a $2.299 billion cap, followed by Litecoin at $1.575 billion and Ethereum Classic at $1.02 billion. There are now six cryptocurrencies with more than $1 billion market caps.
NEM has also made significant gains over the past few months. A major factor that has allowed NEM to transform into one of the most popular altcoins in Japan is its development team and company composed of Japanese founders and talents. NEM was initially developed and introduced in Japan by Makoto Takemiya, the co-founder and CEO of Soramitsu, the company that has also introduced the Iroha blockchain project to the Linux foundation’s Hyperledger Project.
Litecoin, one of the oldest altcoins, gained visibility this month because of its successful activation of SegWit, a scaling solution that circumvents the need for a hard fork.


Source: cryptocoinsnews

 

Bitcoin Price Hits $2,850 in South Korea, Extreme Premium

Bitcoin price reached $2,850 in South Korea on May 23, due to the rapidly rising demand for Bitcoin and other digital currencies such as Ethereum’s Ether (ETH).

While arbitrage opportunities in South Korea always existed since the launch of Korbit, Coinone and Coinhumb, the three leading Bitcoin exchanges in the country, the premium rate rarely went past 10 percent.

On May 23, the premium rate on South Korean Bitcoin exchanges nearly reached 30 percent, demonstrating a trading value of $2,850 for Bitcoin, while Bitcoin was being traded in the US and China for around $2,100.


The driving factor of this massive arbitrage opportunity and premium rate in South Korea is the country’s strict anti-money laundering policies. In South Korea, any type of gambling is illegal and because a large amount of black money consisted of revenues from overseas casinos and other businesses are sent back to South Korea on a regular basis. Authorities are strict on any transactions which goes past $10,000 in total value.

Hence, even with a South Korean bank account, it is incredibly difficult to take advantage of the South Korean Bitcoin exchange market’s arbitrage opportunity and huge premium rate. If any business or individual sells more than $10,000 worth of Bitcoin at any of South Korea’s strictly regulated Bitcoin exchanges, by law, operators of Bitcoin exchanges are required to contact the user for additional verification.

Usually, such strict AML and Know Your Customer (KYC) policies drive away Bitcoin investors to over-the-counter (OTC) markets such as LocalBitcoins, a peer to peer Bitcoin trading platform wherein buyers and seller directly initiate deals to purchase or sell Bitcoin.

For instance, when the Chinese authorities suspended the withdrawal of local Bitcoin exchanges, LocalBitcoins China saw a massive spike in its weekly trading volume. At this period of time, the Chinese regulators also implemented strict KYC protocols for exchanges and required Bitcoin traders to engage in face-to-face interviews and submit financial documents to trace the origin of user funds.

In South Korea, the implementation of strict AML and KYC systems had exactly the opposite effect. The legalization of Bitcoin trading and the strict regulatory framework for Bitcoin trading platforms further validated the Bitcoin exchange market and industry in South Korea. As a result, the demand for Bitcoin has continued to rise despite the premium rate that is currently being demonstrated by South Korea’s top exchanges.


The South Korean Bitcoin exchange market are operated by three powerhouse exchanges supported by some of South Korea’s largest multi-billion dollar conglomerates and financial institutions. Thus, liquidity and options are limited. As the supply of Bitcoin has been limited and the demand continued to rise, Bitcoin always traded with a premium rate in South Korea.


Source: cointelegraph

 

Bitcoin? Ethereum? Ripple? Three Reasons to Consider Investing in Cryptocurrency

Bitcoin is beginning to seem like a viable currency, especially since reaching the $2,000 mark. Major setbacks, such as the loss of $480 mln due to Mt. Gox’s neglectful management of Bitcoins, have caused the cryptocurrency to plummet in the past. Slowly but surely, the first-ever Blockchain currency has climbed back.

Presently, Bitcoin is performing better than it ever has. Early in 2017, Bitcoin price hit historic highs, surpassing the value of gold. Nearly a decade after Bitcoin’s quiet release, dozens of copycat currencies have arisen. Utilizing Blockchain, a public database or ledger that records transactions involving encrypted keys, developers are vying to improve the original digital currency.

A few, namely Ripple and Ethereum, have proved to be exceptional competitors. Indeed, the Ethereum Enterprise Alliance was formed by “Fortune 500 enterprises, startups, academics, and technology vendors” to establish standard practices for the use of the platform/currency hybrid “at the speed of business.”

You may shy away from joining speculators on the ups and downs of the cryptocurrency markets. However, there are a few strong cases for investment.

Here are three reasons to consider investing in cryptocurrency:

1. Bitcoin is experiencing massive growth

By far the most popular digital currency is the progenitor of Blockchain technology. Bitcoin owns the lion’s share of the emerging market. Its trading volume is much larger than any other competing currency and its valuation is many times more than the second cryptocurrency of choice, Ethereum. Wider adoption and regular mainstream coverage have elevated Bitcoin from an intriguing security experiment to a possible real-world asset.

Additionally, Bitcoin’s exponential growth may portend good things for Blockchain currency in general. After a few major cases of theft for both Bitcoin and Ethereum, trust in the currency seems to be rebounding.

Some believe the cryptocurrency is a bubble about to burst, but contentious political and economic conditions could push the price up even further.

2. Ethereum is gaining traction

Ethereum is the silver to Bitcoin’s gold.

Although it currently sits at under $100 a unit, it’s the most viable alternative to the dominant cryptocurrency. In fact, the competing form of cash was crafted by one of Bitcoin’s co-founders.

Ethereum is both a platform that allows for the creation of decentralized applications and a currency. The currency, Ether, fuels the platform. Its incorporation of smart contracts, which allow for anonymous agreements on the Blockchain, spawned the DAO (decentralized autonomous organization).

The currency is more flexible for developers and has attracted major tech players, such as Intel and Microsoft.

3. It may see friendly regulation

The anonymity and lack of oversight concomitant with decentralized currency create opportunities for abuse. Certain alternative cryptocurrencies (altcoins), ones that enforce private transactions and anonymous transfers, such as Zcash and Monero, have been used extensively by criminal organizations. Although altcoins like Monero have increased in value due to acceptance from darknet users, this illicit usage of cryptocurrency has dealt damage to overall adoption rates.

Thankfully, we may see tighter regulations. Ethereum famously experienced a massive theft of $53 mln in Ether due to an exploit in a smart contract. Theoretically, the Ethereum Blockchain is immutable. The community voted to override this “immutability” in order to return stolen funds.

Further, in 2013, a representative for the Bitcoin Foundation told US regulators that they would be open to transparent rulemaking. According to MarketWatch, digital currency advocates are pushing for more regulation.

With recent interests from Japan and Russia to legitimize Bitcoin, these rules and regulations could help further cryptocurrency as a legitimate finance asset.

Diversify

Blockchain technology has the capability to change everything. The currencies running on the distributed ledger model could revolutionize how we interact with all forms of liquidity. While it is unlikely that fiat currency will be subsumed or overtaken by the digital mint, it’s quite possible that these currencies will see greater integration with our current systems.

At the very least, cryptocurrency is seeing a meteoric rise in the short-term. What the future holds for digital currency is uncertain. Currently, there is a cautious sort of endorsement for Bitcoin and Ethereum. Some speculators are pouring their cash into speedier alternatives, such as Litecoin and Dash. Still, most remain hesitant about moving their assets into an unbacked, unregulated currency.

Although the Bitcoin ETF was recently shot down by the SEC, there is still plenty of reason to diversify your portfolio with a small investment in decentralized digital currency. As time has worn on, cryptocurrency has steadily risen in price and has experienced wider adoption.

To be sure, there has also been a great deal of volatility concomitant with Bitcoin’s rise. Valuation specialists continue to have trouble pinpointing the exact value of the currency itself and sentiment can vary wildly. Still, market capitalizations continue to grow.

If you are able to steel yourself against booms and busts, you may profit from cautious investment. Continue to do your due diligence. If you remain uncertain, consider consulting a financial analyst. Remember to monitor updates, vigilantly investigating changes in sentiment.

As always, be prepared to lose any amount you put into a speculative investment. Dedicating yourself to mindful investing will undoubtedly lead to the best result - especially in a market as volatile as the cryptocurrency market.



Source: cointelegraph

 

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

 

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  • 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 $44,313,786,337 $2701 $2699.5227 16,406,437 $1,066,420,000 2.42%
2 $30,851,299,537 $332.7362 $326.0267 92,720,000 $801,296,000 3.55%
3 $10,697,989,522 $0.2794 $0.2743 38,291,387,790 $167,027,000 -0.07%
4 $2,386,605,943 $46.1826 $46.429 51,677,582 $402,064,000 1.00%
5 $1,852,903,421 $19.9513 $19.4495 92,871,437 $82,873,300 3.54%
6 $1,722,049,560 $0.1913 $0.1937 8,999,999,999 $6,606,820 4.84%
7 $1,357,842,766 $184.0075 $183.8137 7,379,281 $40,854,200 2.52%
8 $ $0.0287 $0.0287 $1 0%
9 $ $1.8277 $1.8277 $0 0.00%
10 $ $0.323 $0.323 $325 9.22%

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.