From the 12th of March till the the 18th of March is going to offer up to 90,000,000 of their SECURE Coins (SEC) for the community to purchase, with a bonus of up to 37.5% on the first day of the pre-sale.
It is expected the coins are going to sell out quickly, in a matter of fact more than 3,000,000 SEC Coins were sold in the first hour. Almost no info is made public about the full crowd-sale where 1,300,000,000 SEC (43,334 ETH = ~48,500,000 CAD) will be offered this July. But this information is said to be released later this month.
With Industry & Educational Partners like eSentire and ezSec, Distinguished Advisers like The Former Samsung Electronics CEO and the Director of Threat Intelligence in eSentire on board experts believe it is in a great position to acquire all of the funds required from it’s incoming presale.
operates in a huge market, detering cybercrime, which has recent projections of 6 Trillion dollars and 3.5M infosec jobs to remain unfulfilled by 2021. Currently 70% of threats go undetected and time between attack to discovery is increasing by more than 30%.
The basic idea: THRINTEL MARKET is a market where security solutions get to exchange data in real time to protect you from zero days.
Hacked organizations can report anonymously, security firms can report via verified accounts and use it for branding, analysts can plug into it to get insights, your security solutions get the information they need and generate money by sharing what they know, they can spend this money buying more intelligence and provide better protection for your assets.
To shed more light: THRINTEL MARKET is a new special block chain (allowing much more than just a crypto currency) that uses utility token called the SEC Coin (from SECURITY Coin). The market has two forms of submissions either Feedback or a Contribution.
Your firewall (for example) would contribute data (IP or URL) of a bad actor it finds (this person sent you a virus), my firewall buys it from yours, your firewall now gets money it can use later to buy more data, meanwhile my firewall now blocks this user, if the firewall finds the entry to be useless (I later manually enabled this IP to connect again indicating it isn’t malicious) my firewall submits a negative feedback of this data or artifact it bought from you, driving its price down, and your firewall’s account reputation down.
The market is really simple. Trillions of exchanges will happen every second between antiviruses, firewalls, IPS, UTMs, MDMs, etc. Analysts as well will be able to manually trade and turn data into insights, tracking and tracing cyber criminals and operations. Hacked organizations are able to share data about their hackers without risking bad PR.
Meanwhile security researchers and firms are able to use the market to earn reputation and good standing in a certain region and industry sector and use that for branding being a threat intelligence leader provider in that specific domain. The new utility token is needed to implement algorithms that dis incentivize bad data & spam on the network, and to make sure transactions happen in almost real time.
In its most recent news release, a THRINTEL spokesperson stated that that the company is targeting 100 ETH (112,000 CAD) for the Presale, but after gauging public interest, THRINTEL MARKET updated this to a 200 ETH (235,000 CAD) initial Soft Cap for their presale.
Due to additional private Investor Interest THRINTEL MARKET has chosen to offer these Investors a chance to support the project, before it goes to the token presale stage. For that it has allocated 210,000,000 SEC for private investors.
specifics are as follows;
THRINTEL MARKET™ Presale Round 1
Platform: Ethereum (ERC-20 Token)
Start of token sale: 12 March
Soft cap: 100 ETH
Hard cap: 200 ETH
Tokens offered in Presale: 90 000 000 SEC
Total Tokens issued: 2 000 000 000 SEC
Price: 1 ETH = 30,000 SEC
Payment method: ETH
Minimum contribution: 0.1 ETH
Deadline: 23:59 – 18 March 2018
Token Holder Benefits
Only utility token holders will be able to trade on the THRINTEL MARKET™. This ensures an increasing demand on SEC tokens, hence driving its value up. With up to 37.5% Bonus Rates
Buyers get more for their ETH now, than ever. Promotion team will be airdropping more coins till the end of the ICO in july. More Pre ICO Rounds are expected with lower bonus rates, until ICO.
The post appeared first on .
New York regulators want to levy a tax on high-load cryptocurrency mining operations which use large amounts of power and drive up prices for other customers.
John B. Rhodes, the chairman of New York State Public Service Commission, confirmed that starting from March, higher electricity use for cryptocurrency mining businesses will be charged.
“Commission will allow municipal power authorities to create a new tariff focusing on high-density load customers that do not qualify for economic development assistance and have a maximum demand exceeding 300 kW and a load density that exceeds 250 kWh per square foot per year, a usage amount far higher than traditional commercial customers,” the ruling states.
This decision comes at a time when disputes over cryptocurrency mining farms in New York State have already been seen in public debates and results from a petition filed by the New York Municipal Power Agency (NYMPA), an association of 36 municipal power authorities which represents customer-owned munis buying and distributing low-cost power, often hydroelectric, at no profit.
Accroding to NYMPA, in some cases mining operations take up over a third of the municipal power demand. While some mining firms make up for 33 percent of the municipal utility load, they “have few associated jobs, and make little to no capital investment in the local community.”
Mining is the process of adding transaction records to bitcoin’s public ledger of past transactions. The block chain serves to confirm transactions to the rest of the network as having taken place. bitcoin nodes use the block chain to distinguish legitimate bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere. This process is energy-intensive and often causes power consumption issues.
There are also concerns that crypto mining businesses would increase the utility bills of local residents while not bringing enough economic value in return.
“If we hadn’t acted, existing residential and commercial customers in upstate communities served by a municipal power authority would see sharp increases in their utility bills,” John B. Rhodes commented.
In Plattsburgh, New York, the city council unanimously voted to impose an 18-month moratorium on bitcoin mining. Plattsburgh has cheap due to a hydroelectric dam on the St. Lawrence river, and residents pay only 4.5 cents per kilowatt-hour.
The city only has an allotment of 104 megawatt-hours of electricity per month. After the biggest bitcoin mining operation in Plattsburgh by Coinmint used roughly 10 percent of the city’s total power budget in January and February, residents began reporting wildly inflated electricity bills.
By the way, New York is a state where ICO is outlawed. New York passed the BitLicense regulation that at the time made all existing exchanges illegal and set up a dense process to register an exchange to do business in the state.
Regulation of bitcoin mining is considered in other countries as well. China which to impose restrictions on the electricity usage by miners. Canadian electric utility Hydro-Quebec also may energy rates for crypto businesses.
Iceland, where power experts believed that this year the country would use more energy for mining cryptocurrencies than powering homes, faced another problem. Over 600 powerful mining computers from the data centers.
Regulation of bitcoin mining is understandable, as any government seeks to protect its residents.
The post appeared first on .
Being able to easily find places to shop with bitcoin is a crucial step for actual adoption. While not really using the cryptocurrency as it is intended to, topping up debit cards with bitcoin allows spending your holdings while bypassing the need for merchants to learn a new payment system and just use the same old methods they are used to. With Wirex card spending coming back to Asia, bitcoin investors in the region will soon have another such option for something other than just trading.
Also Read:
Asian bitcoin Cards
London-headquartered bitcoin wallet and card company, Wirex has revealed it will launch contactless debit cards for spending money that has been loaded from cryptocurrencies and its first ever multi-currency accounts for speedy exchange between bitcoin and fiat (SGD, GBP, EUR, USD) in Asia during the second quarter of 2018. Wirex Cards in Asia are said to offer 3D Secure support for safe online payments as well as physical and instantly available virtual debit cards.
Wirex has offices in Tokyo and Singapore, and last year received a $3 million investment from Japanese institutional investor, . As such it is not surprising it will focus on further expending its offering in the world’s most populated continent, beginning with Japan and Southeast Asia.
Making bitcoin Spending Easier
Last week Wirex launched debit crypto cards for its customers in the . The new cards were made available in the UK since March 8, and the roll out for other EU countries is to last until the end of May. The company believes that phasing-in delivery by regions ensures a stable and secure service globally.
Pavel Matveev, the company’s CEO, said: “Wirex is bringing to Asia the first ever multi-currency accounts and cards for spending cash converted from cryptocurrencies, making everyday purchases much simpler. Our cards are great for transactions in stores, buying goods online or withdrawing money from ATMs. We were the first to bring such cards to the world and now we’re the first to bring multi-currency accounts with new contactless debit cards to Asia. We’re pleased to let our Asian customers know here that cryptocurrency spending just got much easier.”
Are bitcoin debit cards a good tool for mainstream cryptocurrency adoption? Share your thoughts in the comments section below!
Images courtesy of Shutterstock.
Do you like to research and read about bitcoin technology? Check out ’s page for an in-depth look at bitcoin’s innovative technology and interesting history.
The post appeared first on .
