Ripple News Update
Although investors hope to see XRP flourish in the United States, there’s reason to believe that Ripple’s main tailwind will blow from the East.
Just look at today’s leading Ripple news.
In the U.S., you have:
The Internal Revenue Service (IRS) threatening cryptocurrency investors. The IRS published a reminder for investors, urging them to report gains made on cryptocurrency investments. The profits will be taxed as capital gains. Anyone who fails to fulfill these regulatory requirements could be subject to a $250,000 fine and five years in prison. (Source: “.
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Whitelist & Members Area Guide
The Essentia whitelist is now open on our official website. We invite you to join us on the exciting journey towards a new, decentralized world. One of privacy, security and ownership.
To make your life a bit easier, we have prepared a on how to join the whitelist and what you can expect next.
Why get whitelisted?
Only people who joined the Essentia Whitelist will be able to participate in the pre-ICO, ICO and future Airdrops.
Don’t miss this chance to experience a new way of interaction with the Internet. Join thousands of others and get whitelisted now!
Whitelist registration guide
Now let’s get straight down to business.
1. When you click on the “Join whitelist” button on our website, you will be asked to insert your email. If you have already registered earlier, please, click login to proceed right to your Member Area.
2. Now all you need to do is to verify your address. Login to your email and click the verification link.
In the email, you will receive a password. Use it to log in to your Member Area.
What is the Members Area?
It is a hub where you can find:
– ICO countdowns.
– Your Ethereum address.
– Tasks to do.
– Your referral link.
Members Area Guide
1. When you first get to the Members Area, you’ll need to become verified. The first step will be to join our Telegram channel.
When you’ve joined, come back to the Members Area and press “Continue”.
2. The last thing to do to verify your account is join the whitelist. Find the “Join Whitelist” button on the Essentia website to do so.
Also, you will need to add your Ethereum address in order to contribute.
Insert your Ethereum address and the amount of ETH you will be investing. The minimum contribution is 0.1 ETH.
Note: You can change this address upto a week before the ICO starts. After that, it gets fixed in the smart contract.
3. When you’re logged in to your Members Area, take a look at the list of tasks below the countdown.
Completing each task brings you 10 minutes nearer to the ICO.
You will see two ICO countdowns at the top.
The smaller one — for the whole world. The bigger one — for you, personally.
4. You may also notice a task at the top, denoted with a star. It is a special one. To complete it, you have to go through three subtasks.
By completing these tasks, you make sure that during the Airdrop you will get rewarded with 25 free ESS tokens. They will be sent to you right after the ICO ends.
Awesome, right?
Invite your friends to become revolutionaries with us.
Hop aboard the revolution!
To be a part of their growing community join their Telegram channel .
Contact Email Address
matteo@essentia.one
Supporting Link
This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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Monday was certainly not a good day for Litecoin supporters and enthusiasts as an LTC-based payment processing startup LitePay abruptly announced to halt its operations. The Litecoin Foundation made this announcement through a on its website.
The Litecoin Foundation that looks after the development of the cryptocurrency said in the post that it tried to contact LitePay founder and CEO, Kenneth Assare, on March 16, on growing concerns about the not so transparent operations of the startup. After the inquiry by the Litecoin Foundation, Assare said that he has decided to halt the operations of LitePay and sell the company.
In its public post, the Litecoin Foundation explains that “It was at this time that Kenneth asked the foundation for more funds to continue operations. The foundation refused any further funding as he was unable to provide a satisfactory picture of where the money had been spent and refused to go into exact details about the company and show objective evidence to back up his statements.”
Having been aware of this new development, Litecoin founder Charlie Lee expressed deep regrets for supporting this startup for this project. Lee tweeted:
Like everyone else, we got too excited about something that was too good to be true and we optimistically overlooked many of the warning signs. I am sorry for having hyped up this company and vow to do better due diligence in the future.
— Charlie Lee [LTC] (@SatoshiLite)
Last year in December 2017, LitePay said that it would start offering wallet services and LitePay debit cards using which users would be able to convert Litecoin to U.S Dollars. These services were to launch in February last month. This business venture also received some appreciation from the Litecoin Foundation in December where it tweeted:
Finally, someone is taking the opportunity to create . Good job! had a very good chance to do it but did not do because of whatever reasons.
— Litecoin Foundation (@LTCFoundation)
Last month in the mid fo February, Litecoin price shot up amidst reports that LitePay will be launching its merchant payment processing system for Litecoin that would go live by Feb 26. However, later in an e-mail 5th of March, LitePay said that the startup is checking for all perspective merchants and that it will hold off card registrations “due to the negative perception and drastic actions card issuers have towards cryptocurrency companies.” Since then, we have yet to hear any word from the company.
In its public post, the Litecoin Foundation also apologized for having supported the startup saying: “We are greatly disheartened that this saga has ended in this way and we apologize for not doing enough due diligence that could have uncovered some of these issues earlier. We are currently working hard to tighten our due diligence practices and ensure that this does not happen again.”
However, the Foundation has still expressed positive hopes on the working of Litecoin saying: “Litecoin was doing perfectly fine before the promise of LitePay and will continue to do so.” It finally concluded saying: “The ecosystem is far bigger than one company and is continually growing with support from many others with market-ready products joining the space and fulfilling their promises to make it easier for the world to use Litecoin.”
As soon as the news on LitePay broke out, Litecoin price corrected by more than 10% on Monday. Currently, at the press time, the cryptocurrency is trading at $141.67, according to the data on .
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