Coinbase Additions, Enterprise Patents, and Massive Hacks: This Week in Crypto
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Make sure you check out our previous edition , now let’s go over what happened in crypto this week. Also, make sure you subscribe for this weeks edition of The bitcoin Podcast by CCN on or wherever .
Price Watch:
bitcoin fell nearly 8% this week after jumping above . The market seemed to stabilize early but failed to hit the critical $7,000 support line. They later dipped below the . The fall continued with a quick drop below the . The price finally dropped to on Thursday night and has stayed around that level. Nonetheless, analysts & remain citing technical analysis, increased transaction speeds (courtesy of the Lightning Network), and institutional money flowing into the space. Even so, low volume and a continue to plague the space.
Ethereum fell 10% this week to $434 closely following bitcoin’s movements. The price movement follows another hack of . Also happening this week was Vitalik’s comments about , and Ethereum Co-Founder (and founder) stating that Ethereum had entered
The entire coin market cap fell 8% this week as the bearish cycle continues. For several weeks now market capitalization has been around the $270 billion dropping above or below by around $30 billion. has taken the biggest drop among the billion dollar coins losing nearly 78% of its value since it raised last year.
– Coinbase announced in a last night that it was exploring the addition of , , , , and . The prices of all 5 assets shot up on the news. BAT and ZRX , going up by 25% and 15% respectively.
Enterprise:
Governments:
Platforms:
Banking:
Hacks:
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Leading digital goods company Gameflip is extending its marketplace onto the blockchain — and incentivizing publishers to follow suit.
[Note: This is a press release.]
San Jose, California—November 24, 2017—Hot on the heels of its successful pre-ICO last month, , the veteran Silicon Valley gaming marketplace, has now announced new dates for its much-anticipated ICO: December 4, 2017, through January 29, 2018.
Gameflip’s digital goods marketplace has 2+ million gamers with millions of USD in transactions each month. With FLIP, its digital token and ecosystem, Gameflip is extending its proven marketplace onto the blockchain — creating significant value for gamers and game publishers.
exceeded its pre-sale goal — achieving 112% of its goal with hundreds of people from around the world participating to support the goal of creating a seamless decentralized digital marketplace for gamers. The veteran team has modified its ICO dates to start on December 4, 2017, and end on January 29, 2018, to best meet the needs of its growing community and align with current market trends.
Why are global gamers, industry veterans, and blockchain enthusiasts flocking to support FLIP? One: gamers will be able to use FLIP on the existing Gameflip platform — creating value and utility for gamers immediately. Two: publisher incentives are built into FLIP, and they are designed to maximize the growth of the network.
Providing a liquid marketplace for digital gaming goods represents a $1 trillion opportunity for the gaming industry. Not surprisingly, others are also trying to build an ecosystem to support these transactions across games. But a key differentiator for Gameflip is its focus on — and existing connections with — game publishers.
JT Nguyen, CEO of Gameflip, said:
Publishers are the key to success in this market. Our competitors are trying to build marketplaces on the blockchain without an established platform behind them, an experienced team among them, or an outward focus on publishers guiding them — and that’s simply impossible.
Gameflip has great incentives for publishers to put their digital goods onto the blockchain. It works like this: publishers adopt the use of FLIP and integrate Gameflip’s SDKs with their own games. They receive a generous commission for every blockchain transaction of those goods that they decide to place onto the blockchain — that is, for every subsequent transaction of those digital goods, they will have a commission, forever. This opens an entirely new revenue stream for publishers, which promotes quick adoption. In addition, Gameflip has reserved 40% of the total supply of FLIPs to incentivize publishers by allowing them to sell these FLIPs to their community and keep up to 100% of the proceeds.
This publisher-centric model is the product of decades of combined experience in the gaming industry. Prior to founding Gameflip, the company’s core team built the global games publishing business Aeria Games from the ground up, cultivating a community of 40 million gamers.
Nguyen said:
Our strategic partners, advisors and core team have longstanding connections in the gaming and startup communities. That means we have insider access to the top publishers and developers in the world.
Gameflip’s ICO target is to raise $5 million (soft cap) to extend its already successful digital goods marketplace onto the blockchain and to onboard a handful of innovative publishers in a beta period before proceeding with top global publishers. The additional capital, together with the company’s existing financing from Silicon Valley VC firms, will let Gameflip quickly scale and expand its platform.
about Gameflip, its token sale, and its expert team.
About Gameflip
Ijji, Inc. (doing business as “Gameflip”) is a corporation based in San Jose, California, USA, and funded by Silicon Valley venture capital funds and other investors. The Gameflip management team has decades of combined experience in the gaming industry, as game developers and publishers in prior capacities, and now as digital goods marketplace operators. The Gameflip digital goods marketplace has more than 2 million registered users and 500,000 monthly actives.
Legal Disclaimer
The FLIP token sale is only available to purchasers who are: (i) not “U.S. Persons” (as defined in Regulation S under the U.S. Securities Act of 1933, as amended) and not purchasing for the account or benefit of any U.S. Persons and (ii) eligible to purchase FLIP tokens under the applicable laws of each such purchaser’s jurisdiction.
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