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Ethereum Hits Wall Street - ETH Trust Will Open On OTC Markets, Making It Easier Than Ever For Stock Traders To Buy...

The Ethereum Trust created by Grayscale isn't new, it's been around since 2017 - what's new is how easy it will be for everyday investors to get into.

Previously, investors would need to be accredited clients of Grayscale (the company that offers it) and start with a minimum investment of $25,000.

Until today - when Wall Street’s self regulatory organization The Financial Industry Regulatory Authority (FINRA) approved the listing of the Ether based trust on OTC markets, meaning anyone who holds stocks can add this to their portfolio by buying shares of the trust, which will trade under symbol 'ETHE'.

Also gone is the minimum investment, opening up participation to 'mom and pop' traders. "The secondary market really opens up the opportunity for any and all investors” says Grayscale's managing director Michael Sonnenshein.

Important note for crypto traders who may not be familiar with traditional markets - unlike trading in futures, a trust actually holds the asset. Meaning Greyscale actually buys and holds Ethereum in order to operate the trust, in this case each share equaling about 0.10 ETH.

So why is this a big deal? Many investors are curious about crypto, but not enough to fully dive in and open an account on an exchange.  Now, they can shares of the trust to their existing stock portfolio.

Sentiment around Ethereum was already indicating high levels of positive speculation that Ethereum is next in line for a strong bull run. All eyes are on $250, a resistance level ETH hasn't been able to break through since Sept 2018. With the exception of a quick spike up, that came right back down, so quickly its was meaningless - but if it can hold above this level; next time the flood gates may open!

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Author: Justin Derbek
New York News Desk


Hotels HACKED! The company building high tech, blockchain powered, sustainable hotels - costing less to operate, and a lot less to rent!

Have you ever imagined a scenario where you can live affordably all year-round in a hotel beachfront resort?

Innovasis Hotels is that place. It’s the amazing new hotel project that is revolutionizing the hospitality industry. Not only in terms of affordable lodging, but also in terms of technology, sustainability, productivity and offering unbeatable fun experiences. Big hotel chains should be afraid. Millenials that are business and tech savvy are about to disrupt the hospitality market.

Innovasis Hotels is the world's first 100% self-sustainable hotel resort. It is completely powered by solar panels and produces its own water that is also processed and re-used. You can even recycle your trash to receive some extra cash using their waste management system. Furthermore, the hotels are fully equipped with modular farms that allows for enough production of food to feed 350 people per day. Through this smart implementation of technology like solar panels, zero waste water systems and advanced data management which drastically lowers operating costs, they’ll be able to offer customers surprisingly affordable prices.

The hotels are built using rapid, scalable, modular construction that is extremely durable and protected against the elements and natural disasters. This makes it possible for the hotel to decrease building time by 50% and provide safe and innovative lodging solutions for guests. No boring concrete facilities here, instead they will use innovative world class construction made from containers. With the first hotel about to be built on Puerto Rico, Innovasis Hotels already have two other resorts in the pipeline for other beautiful locations to be announced at a later date. Additionally, but we are also planning on building urban hotels that offer the same affordable rates and fantastic innovative experience for big city travelers.

Guests are never bored while visiting an Innovasis Hotel.

One of the key aspects of Innovasis hotel resorts is the Playnovate fun parks that will keep guests highly entertained during their stay. This includes things like a giant slip-and-fly, electric jet skis, underwater scooter rentals, VR rooms and much more. For those who like to keep productive and stay up to date with business, the hotels have fully equipped co-working spaces where guests can work undisturbed or network with others. Free open space, breakout rooms for privacy and affordable conference/meeting rooms make this the perfect place to host startup conferences and meetups. It is truly a unique and inspiring place to visit and one that nobody will want to leave. You won’t even have to. The hotel offers four types of accommodation with the cheapest starting from $35 per night, which is something unheard of when staying at beachfront resorts in prime locations around the world. The hotels are a paradise for digital nomads and millennials, a place where staying with us is guaranteed not to break the bank. It is a place where technology is on the forefront, evident by the hotels own cryptocurrency Hotel Coin (HCI) and the welcome acceptance of others like it. Guests will be able to pay for everything in the hotel using the HCI utility token, powered by the Ethereum network and smart contracts. They’re a future-minded company, and are making decisions that will have the best impact on environment and guest experiences alike.

Taking care of the community.

Innovasis Hotels is truly mindful of the local community, not only in terms of leaving a small footprint on the beautiful land they plan to occupy, but also in how they will interact with the locals. The hotels are a place of meetups where once a week the entire community is invited for a large and well promoted farmers market to sell their items. Locals can sell their food, fruits, vegetables or even art, creating a good source of income and a great opportunity for guests to immerse themselves in the local culture. They even plan to have cooking classes where guests can sample amazing food and learn how to make it themselves. By also offering classes where everyone can learn about things like modular farming hydroponics, solar technology and robotics, the goal is to be a place of education for all. Innovasis Hotels is a force for good that is accepted with open arms by the community and government where they plan to operate. They will even establish a medical center, and doctors are invited to stay for free at the hotels in exchange for providing medical and dental care to the community and guests.

Their goal is to revolutionize the hospitality industry and create a place where guests of all types can experience marvelous locations for an affordable price. Knowing how unreasonably expensive most hotel resorts are in prime locations, they want to offer a break from the status quo. You’re invited to learn more about Innovasis Hotels by visiting their website and subscribing to their newsletter. This will keep you updated with the progress they’re making, and you will be the first to know when the hotel is ready to accept bookings.  Innovasis is promising - “You’ve never seen a hotel like this before!”.

Visit www.innovasishotels.com today and get ready for the future.


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Information provided via press release
Distributed by Global Crypto Press Association Press Release Distribution Service for industry.


Eventoken Finishes 2 Sold Out Rounds of IEO Pre-Sales on IDAX! Why They're Now Saying 'It Doesn't Stop Here'...

After two successful rounds of IEO pre-sales for the Eventoken ‘EST’, IDAX is telling it’s users get ready for something even bigger!

They have been preparing tirelessly for EST's two rounds IEO on IDAX Foundation. And it has been nothing short of success! During the first round of IEO they successfully sold 6 666 666 EST tokens and 5 000 000 EST during the second one. Both rounds were accompanied by special offers for IDAX users.

Now,  for those who missed this IEO and those who want more, IDAX has confirmed a token listing on the exchange will follow shortly! Exact details coming soon.

It is a proud moment for both teams, who issued a “thank you” to their community who helped them achieve successful token sale, which ended ahead of schedule as a result of reaching the hard cap.

About IDAX (www.idax.pro):

IDAX is an international exchange platform originating from GBC (Global Blockchain Research Centre). IDAX was founded in 2017, within several month, it gained to be in Top 10 exchanges of CMC rank. IDAX provides users from all around the world with convenient, safe and fast digital cryptocurrency transaction service. After launching Foundation in January 2019, IDAX has raised over $10 million among private investors and is now offering IDAX users the opportunity to support the leading project by EST purchasing. In the past year, many blockchain projects staged so-called public sales of tokens without a concurrent listing on a public exchange, increasing the likelihood of fraud and security problems. As one of the world's leading exchanges, IDAX values every user and uses various ways to create investment value for users, such as selecting outstanding projects and help users participate in project IEO, maintaining our relationship with users from a long term perspective.

About EvenToken(www.EvenToken.io) Event Sponsorship Platform:

EvenToken enables event planners to initiate sponsorship as early as possible through public sponsorship that will incubate even more interesting and meaningful events. In the meantime, sponsors will acquire either tangible or intangible return so that they are entitled to actively participate in the event planners' community. Team members and partners of EvenToken are from Taiwan, Hong Kong, Malaysia, Mainland China, Russia and so on. The core of team has been working in the international MICE industry for many years. Some of them had also worked for the world top 500 companies. The founder, John Sie, is an experienced entrepreneur, right now running the largest off-line ticketing and event planning platform in Asia - Accupass and Huodongxing– which received endorsements from world-class investors such as SAIF, Qualcomm, DCM, Recruit Inc., Tencent, and Ucomune. The users of Accupass have been breaking 30 millions, serving millions of events. Currently the team runs bases in 12 cities in Asia.

Official IEO Website: http://www.idax.pro
Whitepaper: https://www.accupass.com/go/eventokenwhitepaper

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Information provided via press release
Distributed by Global Crypto Press Association Press Release Distribution Service for industry.


How to Buy BTC for Just 10% of its Value on YouHodler...

As FinTech platform YouHodler expands it's services to clients, users are unlocking new, creative ways to take advantage of the crypto market. Take the platform's "buy crypto with fiat" for example. With this method, combined with YouHodler’s 90% LTV, a user can buy BTC for just 10% of its value. Here's how it works in three simple steps.

HOW TO BUY BTC FOR 10% OF IT'S VALUE ON YOUHODLER:

With YouHolder's recently introduced feature, user's can buy BTC, ETH, XRP, XLM, LTC, BCH, BSV, DASH, EOS, BAT, REP and more directly on the platform with fiat (USD and EUR with a credit card or bank wire). Users can get large discounts on crypto purchases. For this specific example, let's see how someone can buy 1 BTC for just 10% of its value using the following three-step method on YouHodler:

For this example, let’s say 1 BTC = $8000


Step 1: Use $8000 in cash to buy 1 BTC on YouHodler (Note: This is temporary capital that will be repaid in about 15 minutes). Alternatively, you could borrow the $8,000 from your traditional business funds to use in this scenario.

Step 2: Use this 1 BTC as collateral on YouHodler. With 90% LTV, you get 90% of $8,000 sent to you in cash or USDT. Use this to pay back the $8000 to wherever you borrowed the original capital from.

Step 3: You now have 1 BTC sitting in collateral that you only paid 10% for ($800). Now, simply wait for the market to rise again before repaying the loan and getting your 1 BTC. You are only responsible for paying back the 1 BTC at its value at the time of the loan. So if it rises to $9,000, $10,000 or beyond, you keep all additional profits.

Note: This can be a risky strategy if the market takes a rapid price drop.

CUSTOMIZE YOUR USER EXPERIENCE WITH MORE TARIFF OPTIONS

While the previous example focused on YouHodler’s 90% LTV tariff option, users should know there are a variety of channels one can access depending on their individual needs. Whether you want quick cash, 8-day loan term with 80% LTV for a long term 120-day loan with more flexibility, there is plenty to choose from to suit your strategy. Customizable tariffs are also available upon request. Considering all available options is an important part of your risk management strategy. Hence, YouHodler always recommends a thorough due diligence process before pursuing any financial activities.

To see the full selection of tariff options and to take advantage of YouHodler’s crypto banking tools, visiting them at YouHodler.com today.

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Information provided via press release
Distributed by Global Crypto Press Association Press Release Distribution Service for industry.


Crypto Takes A GIANT Leap Forward... in Almost Total Silence! Starbucks, Whole Foods, Petco + More Accept It, Right NOW!

Am I dreaming?  This can't be true.

If major retailers were REALLY accepting cryptocurrencies - there wouldn't be a crypto message board, subreddit, or telegram channel where you could avoid hearing about it, even if you wanted to. 
It would be the biggest story of the week! Probably of the month... actually, maybe so far this year.

I bet it's just another Visa or Mastercard debit card that just converts your crypto into USD.

...This is the mental roller coaster I took a ride on, until taking a closer look and arriving at the conclusion i'm still in shock over.

IT'S REAL!

And I just bought my dinner from Whole Foods, in all crypto.

Let's rewind a bit -  technically, I first heard of this last week when a member of the team I sent to cover Consensus (for those unfamiliar, it's a big annual conference centered around blockchain/crypto in NYC) met someone from the company behind this, and going over the team notes afterwards, we all brushed it off.

For good reason - several times now, we've been contacted by marketing people from companies using verbiage like 'Now you can buy that coffee with crypto!' to grab attention, then it turns out to be a debit/credit card that automatically sells crypto to cover any transactions you use it for.

Not only would another one not be newsworthy, but these crypto-funded Visa/Mastercards are kind of awful. The big advantage of accepting and using crypto is freeing both customers and retailers of the hefty fees that feel small at the time, but seriously add up.

Let's use Starbucks, and the fees of a popular credit/debit card processor for example.  The Starbucks store could do 1000 transactions throughout the day, paying about 15 cents each time - that's $150 in fees in a day for 1 store - now imagine having 28,000+ stores just in the US.

Lowering those costs is an appealing idea, but these crypto debit cards typically double the fees, first the exchange of your crypto to USD, then the usual credit card processing fees, and that's why we've come to ignore someone telling us about using crypto in stores.

BUT... IT'S NOT A CRYPTO DEBIT CARD!

The stores involved actually oped-in, and the solution requires access to some of their internal resources.  That's worth noting - these retail giants are actively seeking, and are involved in finding a way to take crypto payments.

The company behind it is called Flexa, and how they're doing it is one of those 'I can't believe someone didn't think of this earlier' simple solutions.  Stores do not pay a processing fee when you purchase something using one of their own gift cards - and Flexa taps into this system.

No, you don't actually purchase a gift card - you're just piggybacking on the payment processing network that handles all of those transactions!

I'm guessing behind the scenes it works like this:  I first sent some Ether to my wallet address in the app, when it came time to pay I held up my phone where a QR code was on-screen, the store scanned it, the bill was a little over $20.

This must be where the QR code the app generated indicated that this is a transaction paying with crypto via Flexa, and the app already verified I have the funds - so the store then instantly generated a $20 gift card,  charged it, and that's it - transaction complete!

The user will have that amount worth of crypto deducted from their wallet, and at the end of the week (or month?) Flexa sends the funds in USD to the retailer in one lump sum. Before, there would have been thousands of those small fees for each transaction, now they're all just... well, gone.

An instant revenue boost for the retailers using it - a big one too!

Starbucks serves 8 million cups per day, if just half of those are on credit/debit card, and those cost them $0.15 per transaction - that represents a $600,000 per day or $18,000,000 per month loss that any company would love to lower.

A BIG ANNOUNCEMENT LIKELY COMING SOON - BUT WHY SO QUIET NOW?

Officially, all this is in beta testing. 

But from what I can see - it's built, it works, and the ability to handle the transactions is live and functional - the App is even in the Apple App Store. (Note: Flexa is the company behind it, but the App is called Spedn)

Unfortunately, while it'sin this beta testing phase you won't be able to get past the home screen without an invite code.

But I was able to get my hands on an invite, no one said I couldn't share these - so here's some screen shots!

 

Suspiciously missing from the list is Starbucks, but it is confirmed to be working at their stores.  This could either be because the announcement is being saved for marketing purposes, but others have speculated that they may be pursuing another solution through their own crypto venture Bakkt.

Current coins supported are Bitcoin, Bitcoin Cash, Ethereum, and Gemini's stable coin

So what's next?

I honestly have no idea, this seems ready to go - and that's why i'm predicting an official public launch is coming literally any day now! 

Looking a bit further into the future, i'm also predicting Square will be providing this same ability to smaller independent retailers, of which they have millions. They can update their point of sale hardware remotely, no new equipment needed.  Their mobile app 'Square Cash' already has the ability to buy and hold Bitcoin, and convert it between BTC and USD - it's practically ready to go already.

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Author: Ross Davis
E-Mail: Ross@GlobalCryptoPress.com Twitter:@RossFM

San Francisco News Desk



US Crypto Traders - Claim Your $25 BTC...


EST has finished the 1st IEO round on IDAX Foundation...

Following a successful first round IEO token sale, selling 6,666,666 EST tokens - IDAX has just given it's users along with Eventoken's supporters the notice to "get ready for round 2", which they have scheduled for May 22nd at 15:00 (UTC +8).

IEOs or 'Initial Exchange Offerings' have been exploding in popularity in 2019, because it allows for fans of a specific project to acquire that project's tokens from a trusted exchange, before it's officially available to the public. Another main draw to the IEO sale structure is that while the buyer is purchasing from an exchange, the price during an IEO sale period remains fixed. Even with the greatly limited supply, and even if demand is high - the first token sold will be priced the same as the last, until sold out.

It will be the final opportunity  for those who missed the first EST token IEO.

The EST project is providing a total of 5,000,000 EST tokens for the May 22nd round, along with a special 8% discount exclusive to IDAX users.

About IDAX (www.idax.pro):
IDAX is an international exchange platform originating from GBC (Global Blockchain Research Centre). IDAX was founded in 2017, within several month, it gained to be in Top 10 exchanges of CMC rank. IDAX provides users from all around the world with convenient, safe and fast digital cryptocurrency transaction service. After launching Foundation in January 2019, IDAX has raised over $10 million among private investors and is now offering IDAX users the opportunity to support the leading project by EST purchasing. In the past year, many blockchain projects staged so-called public sales of tokens without a concurrent listing on a public exchange, increasing the likelihood of fraud and security problems. As one of the world’s leading exchanges, IDAX values every user and uses various ways to create investment value for users, such as selecting outstanding projects and help users participate in project IEO, maintaining our relationship with users from a long term perspective.

About EvenToken(www.EvenToken.io)Event Sponsorship Platform:
EvenToken enables event planners to initiate sponsorship as early as possible through public sponsorship that will incubate even more interesting and meaningful events. In the meantime, sponsors will acquire either tangible or intangible return so that they are entitled to actively participate in the event planers’ community. Team members and partners of EvenToken are from Taiwan, Hong Kong, Malaysia, Mainland China, Russia and so on. The core of team has been working in the international MICE industry for many years. Some of them had also worked for the world top 500 companies. The founder, John Sie, is an experienced entrepreneur, right now running the largest off-line ticketing and event planning platform in Asia — Accupass and Huodongxing– which received endorsements from world-class investors such as SAIF, Qualcomm, DCM, Recruit Inc., Tencent, and Ucomune. The users of Accupass have been breaking 30 millions, serving millions of events. Currently the team runs bases in 12 cities in Asia.

Official Website: http://www.EvenToken.io

Whitepaper: https://www.accupass.com/go/eventokenwhitepaper


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Information provided via press release
Distributed by Global Crypto Press Association Press Release Distribution Service for industry.


Addicted to Crypto!? Inside the hospital rehab facility that just added "cryptocurrency addiction" to it's program ...


Things just got weird. Inside Castle Craig Hospital in Scotland, a rehabilitation facility recently added treatment for "cryptocurrency addiction" as an addition to their gambling rehabilitation program.

 It's intended to help those struggling with "betting specifically on (unstable) digital currencies." 

Render Token On-Board At IDAX!

Many of you were wondering if there’s a place to trade your RNDR tokens, and finally there is one!

"We are honored to be the first exchange to open a RNDR trading pair!" top international exchange IDAX announced today, now launching Render token on the ETH market!

Deposit Start Time: Already opened deposit
Trading Start Time: 14:00, 19th May,2019 (UTC+8)
Withdrawal Start Time: 14:00, 20th May,2019 (UTC+8)

About RNDR
RNDR Token is the first decentralized economic network to convert GPU computing power into 3D assets such as graphics cards. The goal is to create, share and monetize any 3D object or environment through the Ethereum blockchain protocol. Supported by breakthrough cloud rendering technology, RNDR Token creates a distributed global network of millions of point-to-point GPU devices.

Token usage:
At this stage, use the RNDR token: establish the cloud rendering market entry, as an ecological solution, if it can occupy 1–2% of the cloud rendering market share, then the revenue is expected to exceed $10 billion by 2021.

Official website:https://rendertoken.com/
Official announcement: https://idax.zendesk.com/hc/en-us/articles/360028560291-IDAX-will-open-RNDR-deposit-withdrawal-and-trading

Visit IDAX at: https://www.idax.pro

Risk warning: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. IDAX will make best efforts to choose high quality coins, but will not be responsible for your investment losses.



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Information provided via press release


Truly A Crypto Miner's Paradise...


Iceland appeals to cryptocurrency miners for two major reasons - cheap electricity, and having to use less of it, because of Iceland's naturally cold climate.

Typically, the majority of the electricity costs involved in mining does not go towards powering the miners themselves, but rather keeping them cool and preventing the hardware from overheating.

Surprisingly however, the mining operation is facing some backlash from local environmentalists, and their concerns appear to be unfounded. Hydro-electric and natural geothermal energy serve as the miners power sources, and Geothermal energy is a natural resource abundant in Iceland, due to the countries high volcanic activity.

Both power forms are considered eco-friendly, sustainable and renewable.