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Zwoop combines blockchain, AI and advanced machine learning to remove the frustrations, inefficiencies and unfairness of e-commerce, saving shoppers time and money and giving them complete control of their personal data.
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Zwoop Blockchain Company Suspends its Initial Coin Offering (ICO) Due to Legal Opinion Notice

The cryptocurrency startup Zwoop, that was backed by the billionaire investor Robert Friedland, has gone into administration. The information was released in a recent report by The Telegraph on January 11. Apparently, the company has filed for administration at the end of November 2018 and employees and suppliers from all over the world have been left with unpaid wages. As The Next Web explains, the company owes a London-based marketing agency £42,000 and a public relations firm £30,000. Alessandro Gadotti is the founder of Zwoop that aimed at using artificial intelligence and other technologies to gather information from e-commerce sites and find the best possible prices for products. Zwoop received $13 million from Robert Friedland, the founder of Ivanhoe Capital Corporation and Ivanhoe Mines. According to The Next Web, the company wanted to raise $30 million through a token sale. The report says that when they’ve delayed the ICO, Gadotti quit the company and an employee found $2 million worth of payments that were not able to be accounted for. The company was also employing 56 people in London, Singapore and Hong Kong. Gadotti said that they did not misuse the funds that the company received and that the $2 million dollars could have been used to help the company grow. The Initial Coin Offering was announced back in August to take place in Septemeber. However, the ICO was suspended a few days before the official sale. Important Pre-Sale Update: Zwoop's ICO is currently suspended until further notice due to updated legal opinion. Find out more here: https://t.co/lpIFlRHdhf or ask any questions on our Telegram channel: https://t.co/0YmS3Iyd8k #ICO #announcement #presale pic.twitter.com/sNMF79XcLJ — Zwoop (@ZwoopGlobal) September 18, 2018 As per The Next Web, employees and freelancers working on the compan y were concerned about the slow pace of development of Zwoop and its application. However, Gadotti was convinced that the app was going to be released soon. Zwoop employees and Ivanhoe Capital confronted Gadotti shortly after this situation. As mentioned before, Gadotti explained that the company was making legitimate payments. During 2017 and 2018, several ICOs were launched. However, some of them were simply scams or fraudulent companies that wanted to steal investors’ funds. This is why regulatory agencies around the world started to play a more active role in regulating the crypto and blockchain market. Clearly, this is not the first time that an ICO fails and closes its doors as Zwoop did.
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After Cancelling ICO, Crypto Startup Zwoop Filed for Administration: Report

After Cancelling ICO, Crypto Startup Zwoop Filed for Administration: Report The board of directors of cryptocurrency and e-commerce startup Zwoop reportedly filed for administration at the end of November last year. The news was revealed in an exclusive article by major United Kingdom-based newspaper The Telegraph, Jan. 11. According to anonymous sources cited in a […] Cet article After Cancelling ICO, Crypto Startup Zwoop Filed for Administration: Report est apparu en premier sur Bitcoin Central.
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Zwoop (ZWP Token) Set to Launch Blockchain AI Shopping Engine ICO

Dates For Zwoop’s ICO Finally Announced For September 2018 Zwoop is a platform that uses both AI and blockchain technology to help consumers shop online with cryptocurrency. Though the dates for their initial coin offering (ICO) have been pending for quite some time, the company has finally announced that the pre-sale will begin on August 28th this year. The pre-sale will run until the start of the ICO, which will be on September 25th, 2018. The platform hopes to raise a total of $20 million as investors receive ZWP tokens in exchange. These tokens can be used on their platform for purchases on their online marketplace. The goal of the company is to utilize both AI and blockchain technology to eliminate the need to rely on multiple websites and online shopping areas to find the best price. By finding everything in one website, and being able to purchase from it as well, users save both time and money. They also preserve the amount of personal data that they release, since they only have to register on one site instead of the websites of multiple stores. The Zwoop Experience With the Zwoop platform, every user is able to search for a product amongst any retailer in the world. They have access to the availability of the particular product, along with the best price. The user can purchase directly on the website without deferring to the separate retailer. The AI technology helps the platform to find similar products within the same search term, even if the name is not exactly the same. Zwoop’s Development Zwoop originated in April 2016 as the result of five founding partners’ work in technology. The learning technology that AI provides has been the result of over a year of work, spending 130,000 hours of coding with over 40 software engineers. The platform had a Testnet in the UK, though the public will have access during the ICO next month. One innovation that sets this platform apart is that users will be able to pay with cryptocurrency for any transaction, even if the company does not accept digital assets. This part of the program is planned for launch in the fourth quarter of the year, though the United States will need to wait until 2019, which is when additional services will be added. ZWP Token The ZWP token works under the guidelines of ERC20, and it can be used both inside and outside of their platform. Users will get these tokens as loyalty rewards, though the two sales also make them available for purchase. The tokens are then used as payment for any e-commerce purchase. Users can also buy and sell them in a C2C capacity. Other parties involved can also use the token. Miners will be rewarded with a certain allotment of ZWP tokens, while merchants and other companies can use the tokens for Zwoop-based services. Final Words From Zwoop’s CEO Alessandro Gadotti has been the CEO of Zwoop since he created it. In a statement about the upcoming sales and launch of the platform, he said, “Developments in e-commerce over the past decade have favored the merchant, rather than the consumer. At Zwoop, our philosophy is different – we are on the consumers’ side. We are their transparent and honest personal shopping assistant, and we provide unbiased search results, simple one-click checkouts, and total control over their payment and personal data. Handing back control of personal data to consumers, rather than corporates, is at the heart of Zwoop’s philosophy; whilst others are reluctantly responding to regulatory changes, we passionately believe that personal data belongs to the individual. “financial rewards” are provided to their customers, and they will have “complete access to products and simplicity in any aspect of the purchase.” The company wants to expand to become a mass market blockchain and cryptocurrency solution.  They plan to eliminate the complex nature of crypto transactions, and potentially stopping investors “from adopting blockchain technology.”
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Bitcoin.com Just Rebranded – Check out Our New Look

You may have noticed that Bitcoin.com is looking a little different. We’re excited to unveil our new look after six months of hard work. Our domain has a long history, and as a company we’ve grown a great deal. After consideration of the crypto future ahead of us all, we decided to reshape Bitcoin.com’s design to present a greater image of things to come. Also read: How to Exchange Your Amazon Gift Cards for Bitcoin Cash Bitcoin.com’s Revamped Design Is Here Operating the domain Bitcoin.com has been a wonderful experience and we’re pleased to give our visitors the very best services when it comes to the growing crypto industry. Bitcoin.com is a very unique website and most people don’t know but the domain was registered in January 2008, a whole year before Satoshi unleashed his invention on the world. Bitcoin.com’s home page. Since then, Bitcoin’s first angel investor, Roger Ver, took over the website in 2014 after it passed through many hands. Ver began to mold the web portal into a site that offers educational resources, news, and unique tools that help people use bitcoin. When we first created the Bitcoin.com brand, our website was much simpler. Over time, however, we added a plethora of tools, services, and resources that provide our visitors with everything they need to jump into the crypto ecosystem. In order to match the consistency of the powerful resources Bitcoin.com offers, we refined our design with a new logo, colors, and themes. Check out Local.Bitcoin.com, the private, peer-to-peer BCH marketplace. You will probably notice our logo is missing the Bitcoin symbol. When redesigning the website, we decided it was best to distinguish Bitcoin.com from the various Bitcoin cryptocurrency networks out there today. The intention of the new logo is to prevent users from any potential confusion from the domain name mixed with the old logo. Moreover, after five years and the craziness of 2017, we felt it was time to update our appearance and express ourselves as a company that fosters innovation. You will notice that the new color scheme is more contemporary and reflective of the evolving industry we’re in. Every section of the website has been revamped to highlight our services such as the Bitcoin.com Wallet, Local.Bitcoin.com, cloud mining, Markets.Bitcoin.com, daily news, Buy.Bitcoin.com, bitcoin cash games, BCH developer SDKs, and our block explorer. Learn the basics of Bitcoin. With our growing number of bitcoin cash resources, tools, and services it made sense for our branding to change too. During the design launch, Bitcoin.com CEO Roger Ver stated: The rebrand is a bold new chapter for Bitcoin.com. It’s an invitation to everyone out there: let our products show you how economic freedom can empower you. Keep up to date with the latest crypto market price action at Markets.Bitcoin.com with the top 500 cryptocurrency market caps. Improving the Overall Visual Experience of Bitcoin.com For six months we’ve tirelessly worked on our brand and website design in order to present a cohesive visual interpretation of our company and its crypto evolution. Today, we’re thrilled to unveil our new brand and show off all the hard work we’ve put into every facet of the web portal. When you visit our landing page you will see the fresh new look accompanied with great resources on getting started with bitcoin basics. Mine bitcoin without having to buy equipment. The homepage also includes guides on learning how to accept borderless BCH payments, access to our local BCH marketplace, a merchant directory so you can spend BCH online and in-store, and learn to mine bitcoin without technical knowledge or owning machinery. The new design gives us a better visual identity so we can continue to provide awesome looking charts, crypto market valuations, the latest news stories, podcasts, and videos. Look up bitcoin cash (BCH) and bitcoin core (BTC) transactions using our block explorer. “Bitcoin is designed to be usable and accessible for all — Our new color palette, in addition to our products and tools, reflects that principle,” Bitcoin.com Head of Design Andrew Todd remarked during the launch. “Reimagining our brand, we took a step back and identified our values. With universal accessibility being our most important value, we set out to create a color palette that would not only resonate with people and help create a lasting identity, but would work seamlessly across devices, in different environments, and for people with visual impairments.” Todd continued: Our new logo also exemplifies accessibility. It consists of bold and legible ‘Bitcoin.com’ logotype paired with a clean grid of blocks, which is representative of the intended scalable nature of Bitcoin blocks themselves. Color-wise, we have the brightest green moving in an upward-right trajectory, showing constant growth — This is finished by tight kerning of the Bitcoin.com lettering, reinforcing the solidity of our brand. Start accepting bitcoin cash (BCH) today and get help getting started with our merchant solutions. It was important for us to update our brand to make it easier for you, the visitor, and we think the new design improves the overall experience and usability of the site. While the aesthetics of the brand were a large factor, we are still molding Bitcoin.com to be the perfect place to gain information and resources on all things bitcoin-related. We plan to continue to adding to the features of our web portal and we think the new style fits perfectly with the bright future ahead. So if you are just noticing the new changes, take a look around and explore Bitcoin.com in a whole new light. What do you think about Bitcoin.com’s revamped brand and image? Let us know what you think about this subject in the comments section below. Image credits: Bitcoin.com Want to create your own secure cold storage paper wallet? Check our tools section. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely. The post Bitcoin.com Just Rebranded – Check out Our New Look appeared first on Bitcoin News.
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Libra/Globalcoin: Facebook Stock Price Target; eBay, Vodafone and Coinbase in List of Validators

Project Libra, the cryptocurrency initiative of Facebook has also led to the formation of an Association to facilitate the decentralization of the cryptocurrency. These are called nodes or validators; the validators are made to pay a hefty fee and promised returns on it. Moreover, it works on distributed consensus, i.e., numerous validators working on a single ledger. Hence, confirming malicious transactions can also incur punishment to the nodes. The partners or validators of the cryptocurrency includes some of the most prominent industry leaders from around the world. Reported previously, Visa, MasterCard, Uber, and PayPal included the lost of backers. Some of the other names which have come up are Vodafone, Coinbase, Spotify, eBay and so on. Partners of the Libra Association (Source) Facebook’s Projected Growth According to a leading market Global investment bank, RBC, Facebook’s Globalcoin will generate new revenues for the company. RBC analysts Mark Mahaney and Zachary Schwartzman said in a note to investors, “We believe this may prove to be one of the most important initiatives in the history of the company to unlock new engagement and revenue streams,” The price target of Facebook’s stock, according to them, is $250. Anderson Horowitz is also a member of the association who has invested $10 million. Mahaney and Schwartzman also said, “We believe Facebook will use crypto to facilitate a platform for: 1) Payments; 2) Commerce; and 3) Applications & Gaming,” Also Read: Facebook’s Cryptocurrency: A Friendly Bet and Immunization from Privacy Laws Payments Facebook has over $2.3 billion users, not including users in its subsidiaries WhatsApp and Instagram.  The introduction of a new cryptocurrency will initiate payments among all these users. Moreover, the associate members also include eBay and Vodafone, which will enable more users to use to cryptocurrency in any amounts. Commerce Facebook’s primary source of income is through advertisements. According to estimates, the company might expect a $19 billion rise in revenue by cutting the cost paid to handle online payments through third-party sources. Facebook also plans to give out employee salaries in the form of the new currency. The cryptocurrency promises stability, fungibility, and cross-border transactions. Moreover, eBay, which is one of the largest online marketplaces globally, could also implement it as a mode of payment. Applications and Gaming The sources have revealed that Spotify, Zapo, Uber, and other apps and online gaming giants are also looking to integrate with Project Libra. Facebook supported Log-ins in favorite games like poker, PUBG, and numerous others could also extend support for the new cryptocurrency wallets. Furthermore, Coinbase’s interest also increases the possibility of it getting listed on the Exchange. This is a good piece of news of cryptocurrency investors. Nevertheless, the new regulations and the market share of the new cryptocurrency can also adversely affect some altcoins. What will the estimated market capitalization of the new cryptocurrency? Please share your views with us.  The post Libra/Globalcoin: Facebook Stock Price Target; eBay, Vodafone and Coinbase in List of Validators appeared first on Coingape.
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Crypto CEO: Launch of Facebook Libra Could Boost Bitcoin (BTC) Past $10,000

June 18th is nearing, and that means that Facebook’s crypto asset, expected to be nothing like Bitcoin (BTC), is on the verge of becoming full public knowledge. For those who missed the memo, reports released by TechCrunch and other mainstream outlets revealed that the social media giant was planning on releasing a white paper for “Libra” or “Globalcoin”, as the project is known as, on the 18th. Related Reading: Family Offices Pour Billions Into eSports, Can Crypto be Next? With this, industry commentators have come out of the woodwork to express their thoughts on the subject matter. And interestingly, some are divided on whether the release of this cryptocurrency will be bullish or bearish for the industry. Most, however, are sure that Libra’s foray into the mainstream will be unequivocally positive for Bitcoin and its altcoin brethren. Facebook’s Crypto to Boost Bitcoin Sky-High According to a recent tweet from Jeremy Allaire, the chief executive of Circle, the launch of Libra (whitepaper) will be a “massive inflection point in [the] global adoption of cryptocurrency.” Infusing the space with a nice dose of FOMO, the prominent entrepreneur adds that by June 21st, he fully expects for Bitcoin to be valued at $10,000, “marking [the] start of Crypto Summer.” Crypto market rallying (again) ahead of Libra launch, marking a massive inflection point in global adoption of cryptocurrency. BTC > $10k by June 21st, marking start of Crypto Summer. — Jeremy Allaire (@jerallaire) June 15, 2019 While $10,000 may seem like just a nice round number, many see it as a key level to watch. According to Fundstrat Global Advisors, once Bitcoin reaches $10,000, “Level 10” FOMO will grace this market, which last occurred when BTC blipped above $4,500 in late-2017. If history is any guide, the cryptocurrency market will shoot even higher once $10,000 is breached. As Lee wrote on Twitter earlier this month, “[$10,000] will see FOMO from those who gloated about the 90% crash in BTC… and those who saw Bitcoin dead as forever.” While Fundstrat has long had its eye on the $10,000 price point, its analysts never indicated a price target — until now anyway. In a recent podcast with Binance’s chief financial officer, Wei Zhou, Lee explained that once $10,000 is breached, all hell will break loose for the cryptocurrency market. This corroborates the aforementioned analysis of this nascent market’s “FOMO levels”. Per CCN, which reported on this first, the Wall Street analyst stated that once $10,000 is breached, there will be a “fast and furious” move to $20,000. And from there, Bitcoin will double in the next five months, reaching $40,000 in a jaw-dropping move. Some Beg To Differ There are some that rebut this cheery sentiment about Libra, however. Peter Schiff, a prominent gold investor and libertarian-leaning economist, ventured that Facebook’s latest project will be “bad news” for Bitcoin. Schiff, who has debated crypto pundits like Erik Voorhees and Barry Silbert previously, adds that Facebook will be targeting the unbanked in “nations with high inflation (Venezuela, for instance)”, thus threatening the biggest medium of potential BTC adoption. The prominent cryptocurrency critic, who sides with the belief that BTC has no intrinsic value as is not better than hard gold, adds that Libra will likely be much stabler, cheaper, and more easy-to-use than Bitcoin. Indeed, there are reports and individuals stating that the Facebook play will involve very low fees, fast transfer times, and a level of stability not seen with Bitcoin, in that this new cryptocurrency will be pegged to a basket of traditional currencies and maybe other ‘stable’ assets. Featured Image from Shutterstock Crypto CEO: Launch of Facebook Libra Could Boost Bitcoin (BTC) Past $10,000 was last modified: June 16th, 2019 by Nick ChongThe post Crypto CEO: Launch of Facebook Libra Could Boost Bitcoin (BTC) Past $10,000 appeared first on NewsBTC.
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