World Famous Brothel Buying Into Bitcoin?

Famous legal brothel, the Bunny Ranch, is exploring Bitcoin as payment for its services.

The Bunny Ranch, which is well known for even those who do not frequent such places thanks to being featured on HBO’s Cathouse show, is mulling over the advantages that could come with offering a Bitcoin payment option.

Bitcoin made its name on the dark web because of the anonymity, and other reasons, it brought to the user, helping them buy anything from drugs and weapons, as well as sex and porn, discreetly.

Things could be going full circle now as the upmarket brothel sees an advantage in harnessing that same privacy in payment.

Exploring the recesses of Bitcoin

Owner Dennis Hof, who has seven such legal establishments across Nevada, says he is exploring Bitcoin as a payment option due to demands being made by their high-end clients.

“We have some of the richest men in the world coming in and out of my brothels. Our high dollar clientele is accustomed to getting anything they want here, so when I started hearing requests from them to look into accepting Bitcoin, I took those suggestions very seriously.”

Bitcoin has created a new breed of the wealthy elite, but it has also become a plaything of those already well endowed in the bank account. Thus, it is not surprising that clientele of the Bunny Ranch have their fingers in the cryptocurrency pie.

The adoption of such cryptocurrencies has spread far and wide, but it is more than just a payment system for such clients, it is a secretive one.

“Friends of mine like Heidi (Fleiss, Hollywood’s most notorious madam) have been trusted with a lot of powerful secrets, and the anonymous nature of Bitcoin is a natural fit for people who have much to lose if their private matters were to ever fall into the wrong hands,” Hof added.

It would also, according to Hof, cut down on the duffel bags of money that are brought to his door, posing a security risk.

Full circle of adoption?

Bitcoin had a lot of things going for it when it was the tool of the dark web for payments. The anonymity, the global transfers, the speed and cheapness of it all – back then.

It was used to buy all sorts of things from the shady underbelly of the Internet, but now, as it has stepped into the light, its image has changed. More a tool of the Wall Street investor than the illicit arms dealer, Bitcoin has evolved.

However, the aspects that made it a success in a secretive world still remain. And, it is because of this, that it looks like it is doing somewhat of a full circle, again being thought of as a tool for paying for sex.

Of course, this is a new era and a much less seedy situation, but the way in which Bitcoin moves, it is showing its versatility to corner and re-corner, all parts of the market.

Octoin Project to Release Its Own OctoinCoin in February

Octoin project is happy to announce the release its own cryptocurrency OctoinCoin! The release is planned for the beginning of February 2018.

Our Team has done really hard work so that the product that we present to the market would be really outstanding. OctoinCoin (OCC) has got many advantages which differentiate it from the rest of cryptocurrencies. Three wales, which OCC is based on are the security, speed, and convenience.

Advantages of OCC comparing to other cryptocurrencies:

  • PoS mining which is possible without using the expensive equipment. It is enough simply to keep your wallet open with the balance;
  • Using the SegWit gives additional 4-times optimisation of block of OCC. It multiplies by many times the speed of transaction.
  • The Lightning Network technology is a completely new opportunity of conducting instant transactions with almost no commissions!
  • OCCode is the opportunity of cold storage and sending coins using the code. This technology is reminding the electronic cheque to bearer. It is easy and safe method of sending the coins to the user, who might not even have the wallet at the moment of receiving the coins. When someone receives and activates the code, he is refilling its balance for the amount of OCC, which is was indicated while created OCCode.

We are sure that start of our own cryptocurrency with such functionality will allow us to straighten our leadership positions at the cryptocurrencies market. So that our Partners can attract new users to the system!

90 Long Acre


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Is Global Front on Bitcoin Regulation Possible?

Countries taking on Bitcoin by themselves will never succeed in terms of regulating the digital currency.

On a day where confusing news continues to emanate from South Korea and China on new proposed bans and restrictions on Bitcoin, a member of the board of Germany’s Bundesbank has called for a united global regulatory front.

Joachim Wuermeling of Bundesbank believes there is very little chance of containing this digital global phenomenon with differing national rules across the globe. With international co-operation in regulating Bitcoin comes a chance for regulators to take control, says Wuermeling.

The effect of regulation

There has been increased regulatory pressure on Bitcoin and the entire cryptocurrency market recently, which has been felt across the board. The confusion that began in Korea caused a major dip, and even the retraction of those statements helped the market grow.

Within these regulatory moves, from individual national countries, there are often powerful moves seen across the entire global cryptocurrency market. However, they are never really big enough to bring it under full control.

These are case-by-case regulations, and these instances are not strong enough on their own for the free running cryptomarket to be constrained by.

“Effective regulation of virtual currencies would therefore only be achievable through the greatest possible international cooperation because the regulatory power of nation states is obviously limited,” Wuermeling said.

Two sides to the digital coin

The issue is that there are two very different views to regulating Bitcoin, and these views can differ from country to country.

Japan is one of the strongest supporters of the digital currency market, giving Bitcoin currency status last year. However, just across the Sea of Japan, on the mainland, China has been the lead actor in the war against Bitcoin.

First there was the ICO ban, then the ban on exchanges, and now there is more bad news for those who even deal in exchange-like services.

It is hard to find an agreeable position on digital currencies for nations with so many torn between different ends of the scale. This is one of the reasons why regulation is so difficult.

Is it needed?

There is also the discussion of the need for regulation as it seemingly flies in the face of what Bitcoin is trying to accomplish with its decentralized nature. Cal Evans, an International Technology Lawyer from London, says:

“As the cryptocurrency “grows up” it has had to overcome some serious compliance and regulatory problems internationally. These regulatory issues are numerous in nature depending on which country you read this in. Yet one problem seems to slip under the radar time and time again. Money Laundering.”

Adding to the devious nature, an unregulated currency brings London’s Kingston University economics professor Steve Keen echoes similar sentiments.

“You can’t be deregulated in a system where there will be criminal attacks. The code itself is clearly not foolproof. People will find their way in, forks will be forced upon them, whether they want them or not. In that situation, regulation may be the only future.”

Is it possible?

It is clear that Bitcoin and other cryptocurrencies will continue to exist in ways that many regulators disapprove of unless there is a united front on wresting the digital currency economy under global control.

Even banning the stuff in countries in China has only proved to be a speed bump in the road, Bitcoiners, and the likes can always find a way.

Decentralized Car Sharing Platform Aims to Lead the Blockchain-based Rental Market

Blockchain technology makes it possible to trust car-sharing services as it is not managed by people.

Looking around at the world, trust is probably the thing that is most lacking in our current business environment. Technology is at a strange middling capability, where it can do a lot more, but we never have any strong way of verifying who is on the other end of a transaction.

The emergence of companies like Craigslist and eBay saw many people gain seemingly random connections with others by doing business through the Internet, but it also saw an increase in fraud and worse. These were made possible by the faceless interactions that occurred through new connections made over the Internet, and the result was a populace that was mistrustful of any sort of business being carried out completely through the Internet.

Many people were afraid to use their credit cards online for the longest time. The general opinion was that you would almost definitely get ripped off if you did so, and this made difficult for many companies to establish themselves.

If people want someone to trust in a business interaction with a massive company, then it should be realized that this feeling applies doubly to the peer-to-peer (P2P) market. Doing deals with someone you have never met requires some level of “trust” that most people are too jaded to have.

Blockchain sharing economy

This is where Blockchain technology factors in. The P2P market can benefit greatly from implementing Blockchain technology so that nobody needs to take a leap of faith, and can instead just depend on the quality of the technology verifying the trust.

With the advent of companies like Uber and Airbnb, the sharing economy truly is beginning to take over the world, but some barriers are preventing it from scaling out in other sectors like the car-sharing industry. The world is experiencing lower demand for car ownership and a higher demand for car sharing, but trust has become a barrier to scaling this out.

Darenta is a company that thinks they can beat this problem by applying Blockchain technology to create a solution that allows for users to share their cars with ease. The end result will be a safer experience for customers where they can trust each other not to rip them off.

If things go according to plan, Darenta could end up being the largest international platform for car rentals on Blockchain in the world. The basic idea is that private car owners can rent out their insured cars over the car sharing IT platform. The project depends upon a mobile solution which employs geolocation, smart contracts and other Blockchain technology.


Driving the future

Car ownership has dropped as more alternatives have emerged, but there is still a need for cars in the world. Car sharing can work to significantly reduce the number of cars on the road, which would free up more parking spaces and improve the ecology of Earth at the same time.

The Darenta ICO is currently underway, and Productoken is attracting vast amounts of crypto funds and backers. The token adds a new level of functionality to the service since it helps car owners earn more and token holders apply discounts.

Around three months after the completion of the ICO, ProducTokens will be permitted to be used in calculations for rent, as well as for encouraging customers to participate in the ecosystem. This participation adds value in the same way that Amazon reviews improve the entire platform experience and have made Amazon the first choice for those looking to buy goods online. Tokens only make sense when they have a use case, and it is clear Darenta’s ProducToken fulfills this condition.


Will Bartlett, Guest Author


Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

Telegram bot developers headed the new crypto trend

Rumors for the Telegram to run its ICO are being discussed almost for a half a year without any official announcement. At the same time a team of enthusiasts developing bots for Telegram platform called “Chatrobotic” already created the new hype around simple idea of fighting crypto tokens.

The game called Fishbank had managed to collect more than 125 000 registrations for its Alpha Launch and 2 000 active community members across all the messengers (Telegram groups in several languages, QQ in China and Discord) within first two weeks after announcement. “Almost like with other titles that had over 500 000 players on board it was done with zero marketing costs, just viral” — told us Chatrobotic representative.

Fishbank is the massively multiplayer PvP (player-versus-player) game on blockchain with the sole aim to grow the biggest fish to dominate the “food chain”. Every fish in this “decentralized digital ocean” is an ERC-721 token stored in Ethereum blockchain. No one can destroy or diminish that.

Players use their fish tokens to attack each other. Fish that wins the battle receives part of opponent’s weight. The more weight the fish has, the more powerful it is and so the more value it may have on the market. Every fish token can be traded between players, Fishbank takes just 4.5% from confirmed deal. Every game action that runs smart contracts also requires gas to complete transaction in Ethereum network.

What is more important, game economy can’t be influenced by developers as there will be no instrument to change game balance after smart contracts are deployed and game is launched.

Before the game actually starts everyone can make an order for the certain type of fish (Common, Rare, Epic or Legendary). Prices starting from 0.015 ETH including 25% discount (valid until 20th January).

After stable game release there will be only two ways to get a Fish Token: buy it from other players on the Market or try to catch one in Aquarium for a small fee in Ether. Idea is that catching a fish in Aquarium is almost like real fishing — you never know what you’ll have. Chance is based on random numbers created from seeds received both from “player” and “game” side with math as follows:

  • 1:1000 – Legendary
  • 1:50 – Epic
  • 1:5 – Rare

Every run of Aquarium smart contract requires a 0.03 Eth fee in Alpha, but values may be adjusted for Stable release. Doing a little math becomes quite obvious that Legendary value after being caught in Aquarium is set to be around 30 ETH.

Fishbank team recognizes its mission as creating a solid motivation to educate a wide range of users on how to use cryptocurrency and digital wallets in fun and convenient way. As it is stated in project Whitepaper “games always played an undoubtedly significant role in the early adoption of almost every complex technology” that is hard not to agree with.


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China’s Alibaba Launches Crypto Mining Platform Despite Restrictions, Say Local Sources

Alibaba has reportedly gone against statements by Chinese authorities and its own founder by launching a cryptocurrency mining platform.

Chinese e-commerce giant Alibaba has launched a surprise cryptocurrency mining platform, unconfirmed sources surfacing today claim.

CnLedger, a Twitter-based local crypto news information provider, relayed the report from Chinese Internet service, stating Alibaba’s ‘P2P Nodes’ platform had “launched” after a registration in October 2017.

According to the available material from cnLedger, Alibaba “may incorporate” P2P Nodes in its e-commerce platform “in future”:

In a further development, fellow Chinese conglomerate Tencent has registered a “Blockchain-related trademark” for an entity referred to variously as ‘Ether Lock’ and ‘Ethernet Lock.’

The moves run contrary to the current regulatory narrative coming from Beijing. Authorities have recently made known a desire to slowly reduce participation in Bitcoin mining, while regulators are also moving to eradicate the last traces of centralized crypto-to-fiat trading.

P2P Nodes also represents an apparent U-turn for Alibaba founder Jack Ma, who in December declared that the world was “not ready” for engagement with cryptocurrency.

In an interview with CNBC around the same time, Ma revealed that Alibaba had “spent a lot of efforts” researching Blockchain technology, but that Bitcoin is “not for [him]”.

Cryptocurrency markets continue to feel the pressure in part from China’s latest regulatory moves, with Bitcoin losing almost 15% and altcoins much more in the past 24 hours’ trading.

WELL Awarded the Best of the Best at WCEF Crypto Hackathon

WELL contributed tokens as part of the prize for the winners at the World Crypto Economic Forum’s (WCEF) Crypto Hackathon that took place this weekend, January 13th and 14th, in San Francisco. WELL was one of the sponsors of the event. The CEO and founder of WELL, Ildar Fazulyanov, was also on the judges panel for the Hackathon.

“WCEF Crypto Hackathon gives a unique chance for people to meet each other. We, the WELL team, were really glad to sponsor it and to support such great minds that took part in the WELL Hackathon,” –  said Ildar Fazulyanov, founder of WELL. “We were really impressed with the amount of solutions they suggested, and the work participants put in-and because of this we decided to have 4 prizes.”

WELL co-founder, Alex Prokhorov, added: “We got a variety of high-quality decisions in different spheres: utilizing crypto payments, EMR, pharmacy logistics and pharmacy order validation and privacy on WELL blockchain. The level of professionalism is amazing.”

First prize went to HealthNet team. Second – the Jerry Chai, third – the Verifi team, and fourth- the WellWeb team.

All winners received the following prizes from WELL (One WELL token is $0,10 at the current price)
1. 3 ETH plus 50K WELL tokens
2. 2 ETH plus 30K WELL tokens
3. 20K Well tokens

  1. 10K WELL tokens

This event allowed blockchain and crypto app developers to network with other great minds in the tech industry, as well as meet entrepreneurs and investors looking to collaborate on the next blockchain platform success.

About the WCEF: The World Crypto Economic Forum brings the blockchain community together in San Francisco for a two-day conference (independent from the Hackathon) that includes more than 60 speakers from leading blockchain companies, 30 token companies, over 50 media partners and over a thousand attendees.

About WELL: WELL is globalizing healthcare and eliminating country borders to directly connect doctors, therapists, psychologists and other healthcare specialists to patients worldwide. We are creating WELL tokens to solve the world’s biggest healthcare issues surrounding cross-border payments, data accessibility and payment risk. We’re making it possible for the highest quality healthcare providers to serve anyone, anywhere. You can visit the WELL website to learn more.





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Vitalik Buterin Leaves China-Based VC to Focus on Ethereum Development

The post Vitalik Buterin Leaves China-Based VC to Focus on Ethereum Development appeared first on CCN

Vitalik Buterin, the co-founder of Ethereum, has left China-based venture capital firm Fenbushi Capital according to TechCrunch, to focus on the development of Ethereum. Focusing on Ethereum Buterin announced that he has stepped down from his role as a general partner of Fenbushi Capital, which has been one of the most active investors in the

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Xapo CEO Foresees A Single Blockchain To Move All Value, ‘Most Likely’ Bitcoin’s

Xapo CEO Wences Casares thinks BTC’s Blockchain could become the world’s only robust network for moving value

During a Facebook Live interview between Xapo CEO and Paypal board member Wences Casares and PayPal CEO Dan Schulman on Jan. 12, Casares explained his vision of a single “robust” Blockchain to move value globally, saying Bitcoin (BTC)’s Blockchain would likely play this role. He also predicted that BTC could become an apolitical standard of value.

Casares, who grew up in Patagonia, Argentina, explained during the interview that he had seen his family lose everything three times during his childhood due to banking failures and hyperinflation. He, like many tech pundits, compares the creation of Blockchain technology to the creation of the Internet in terms of its innovative potential.

Earlier this year, Casares had predicted that the price of Bitcoin would eventually reach $1 mln. During the Jan. 12 interview, Casares repeated the same prediction, but in a modified form, calling Bitcoin and crypto in general an “interesting experiment” and predicting BTC’s $1 mln price if that experiment should succeed:

“I also think that there is a higher than 50% chance that this experiment succeeds…If that happens the world is going to look very very different… I happen to believe that if it succeeds that one bitcoin is going to be worth one million dollars.”

He also said he thinks there is an “at least a 20 percent chance that this experiment fails”.

Casares’s optimistic views on the digital currency, however, are bigger than price gains:

“I can imagine a world in which bitcoin becomes a global standard of value — it’s the first global and non-political standard of value — coupled with the first global and non-political standard of settlement […] It would be the biggest leap forward in the democratization of money we’ve ever seen.”

According to Casares, the future of crypto lies in the cooperation around a singular, robust Blockchain, and in his opinion Bitcoin’s is the most likely to be the Blockchain of choice:

“There is a huge incentive to have one very, very robust blockchain. At least for any process that, in the end, will be moving value of any kind […] There may be other use cases that do not entail value that may merit a different blockchain, but in terms of value, it’s most likely, in my opinion, that we’re going to have one. And right now, the most likely one seems to be the Bitcoin blockchain.”

Casares’s focus on Bitcoin underlines the importance of miners being able to successfully rely on transaction fees as incentives to replace block rewards, once the 21 mln Bitcoin mining cap is reached. 80 percent of bitcoins had already been mined on Jan. 13, leaving 4.2 mln coins left until the supply cap.

German Central Bank Director: Crypto Regulations Must Be International

Crypto regulations should be global, according to the director of Germany’s Bundesbank.

Joachim Wuermeling, a member of the board of Germany’s Bundesbank, has suggested that any attempt to regulate cryptocurrencies would require international cooperation. Speaking at an event in Frankfurt on Jan. 15, the director told listeners:

“Effective regulation of virtual currencies would therefore only be achievable through the greatest possible international cooperation, because the regulatory power of nation states is obviously limited.”

After the Chinese government banned cryptocurrency exchanges from operating domestically in September, many Chinese crypto traders simply moved their activities to exchanges in Japan, and possibly South Korea, according to some analysts.

Many countries globally have already attempted regulatory control over cryptocurrencies in different ways. China has created the most strict controls, banning crypto exchanges and ICOs and now attempting to close all ‘exchange like services’.

South Korea’s Justice Minister recently proposed a trading ban and the government has put other controls into place in the face of what some see as a “cryptocurrency mania” in the country.  Russia has suggested some measure of legality for trading on ‘official exchanges’.

The US is seeing regulation of cryptocurrency both on a federal and state level. The Securities and Exchange Commission (SEC) issued multiple warnings for crypto investors last year, and has already taken action against Blockchain or crypto-related companies. On the state level, regulators in Texas recently issued a cease and desist order to a UK-based crypto company allegedly selling unlicensed securities to Texas residents.