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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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BAT Outperforms Bitcoin, XRP On New Brave Browser “Rewards” Feature

Brave Browser Announces BAT “Rewards” Feature On Tuesday, Brave Browser, a crypto-friendly internet application headed by the founder of Mozilla Firefox, Brendan Eich, made a surprising announcement, seemingly aiming to start of 2019 with a proverbial bang. Via a company release, conveyed through its in-house blog, the Brave and Basic Attention Token (BAT) team, which consists of Eich, coupled with an array of fintech, Silicon Valley, and crypto veterans, revealed that it would be previewing “opt-in ads in [the] desktop browser developer channel.” While this feature sounds nebulous, there’s more to this integration than meets the eye. In fact, as broken down in a PC Magazine feature article, this new advertising model will allow common Joes and Jills to earn crypto, in the form of BAT, and potentially other rewards in the feature. This new offering, dubbed Brave Rewards, will siphon 70% of earned ad revenue to users who agree to view advertisements. The remaining 30% will be paid to Brave’s war chest — a likely controversial play, but one necessary for the blockchain project’s long-term survival. Rewards will be available via Brave’s developer/test browser edition. It wasn’t exactly divulged when the innovative feature would hit the publics’ desktops, but the following GIF is how the feature will work: Looking outwards, the Brave team revealed that they expect opted-in users to earn upwards of $60 to $70 a year in the near future, with their preliminary projections predicting that $224 a year could be earned by 2020 through Brave’s in-house ecosystem. While this sounds great — an effective free $224/year for viewing ads — like all things too good to be true, there’s a catch. At the time of writing, Brave has announced support for BAT token withdrawal, as the company wants Rewards’ users to reward their favorite content creators, whether it be large new portals or Youtubers. After this feature goes live successfully, Brave intends to activate “publisher-integrated ads,” which will allow content creators to feature “private ads” on content creators’ pages through the startup’s systems. The company subsequently explained its Brave Ads offering and its applications/benefits from a top-down perspective, writing: With Brave Ads, we are reforming an online advertising system which has become invasive and unusable. Users have turned to ad blockers to reclaim their privacy from ads that track them and sometimes even infect them, and publishers are finding it increasingly difficult to earn ad revenue to sustain quality content with intermediaries that collect huge fees. It is important to reiterate that at this time, this newfangled feature is technically in its beta phase. Due to this positive news, the popular altcoin, which recently gained the support of industry powerhouse Coinbase, has posted a respectable price gain. At the time of writing, BAT is currently valued at $0.125 apiece, posting a 3% in the past 24 hours. The crypto, currently the 36th in this market’s standings, is currently outperforming Bitcoin (BTC) by 2.7%, and Ethereum (ETH) by 2.4%. Crypto Lulls: Bitcoin, Ethereum, XRP Post Barely Any Movement In the same vein of cryptocurrency prices, the broader market has posted close-to-zero movement in the past 24 hours. Per data from Coin Price Watch, BTC has found itself at $3,645 — a mere 0.58% gain over the past day. Other leading crypto assets have also posted slight gains, but have still underperformed BAT. XRP, the go-to asset for fintech upstart Ripple, is up 1.27%, as it sits just shy of the $0.33 price level at $0.3296. ETH, which recently tumbled due to the delayed Constantinople fork, has found itself up by 2%, regaining a portion of the losses incurred yesterday. While the market is trending slightly positive, some analysts expect that BTC is ready to dive. Speaking to MarketWatch, Jani Ziedens of Cracked Market claimed that BTC, if truly oversold, should be posting monumental gains right now, rather than finding itself in an extended lull. So, Ziedens added that this “lethargic base” indicates that demand is limited, “incredibly weak” even, and as such, lower crypto bottoms may be inbound. BAT Title Image Courtesy of Descryptive.com via Flickr The post BAT Outperforms Bitcoin, XRP On New Brave Browser “Rewards” Feature appeared first on Ethereum World News.
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Cryptopia Hacker Moves Stolen Crypto to Binance; Community Alerts CZ and Funds Are Frozen

It is clear that hackers gave themselves a place to stay in the cryptocurrency industry, which was only made more evident by a recent security breach that happened over the last few days. Cryptopia, a leading exchange in New Zealand, announced a breach that ended in a major theft on January 14th. However, unlike the unfortunate tale that many other exchanges succumb to, that is not the end of the story. The official statement notes that Cryptopia has placed itself into a maintenance mode, helping them to protect their accounts until the regulatory authorities of New Zealand provide other details. Both the High Tech Crimes Unit and the local police are pursuing investigative efforts, though they have commented that “a significant value of cryptocurrency may be involved.” At this point, the actual amount has not been released, and no substantial details have been provided. Still, that has not stopped local news portal Radionz from reporting that the loss is close to $3.6 million. A Twitter user, ShaftedTangu, seems to know where these digital assets are going. On the posts, the user said, Hey @cz_binance Binance has stolen tokens from Topia hitting it sir. Can you lock it down? https://t.co/0XllsBejUV — I Dream Of Alts (@ShaftedTangu) January 16, 2019 Through a string of additional tweets, the user continued to track the funds, as he mentioned wallet address 0x9007a0421145b06a0345d55a8c0f0327f62a2224. In another tweet, he claimed, “Currently the 0x900 wallet contains around $10 mil USD of tokens, large amounts are $PRL $2mil, $CENNZ $1.168 mil, $Denacoin $2.73 mil, $MSP $0.99 mil” Luckily, just under four hours after the original tweet, CZ Binance replied. The reply said, Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high risk maneuver for them. https://t.co/i0PeahLzic — CZ Binance (@cz_binance) January 16, 2019 With such a nonchalant type of reply, it is quite a victory for Cryptopia and Binance that the funds could be frozen at all. However, the victory has not been won yet, considering there is no indication of exactly who performed the hack in the first place. Cryptopia has remained silent, though they posted to their own Twitter profile, saying, “We cannot comment as this matter is now in the hands of the appropriate authorities. We will update you as soon as we can.” As a result of these issues, Zhao posted that users should keep their holdings on exchanges, rather than a hardware wallet. However, his post caused an onslaught of negative replies, with some saying that his post implied that self-storage is substantially riskier than storing on a seemingly “reputable” exchange. Zhao later retracted, saying that he was not advising investors to store funds on exchanges. In the first half of 2018 last year, there was over $731 million lost in thefts involving exchange hacks. However, none have reached the severity experienced by the 2014 Mt. Gox hack.
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Binance Freezes ‘Some of the Funds’ Stolen in Cryptopia Hack

Some of the stolen cryptocurrency from yesterday’s Cryptopia hack has been sent to Binance, which has confirmed already freezing some of the funds.  Binance Freezing Funds Stolen from Cryptopia Twitter account @ShaftedTangu has alleged that some funds stolen as a result of Cryptopia’s hack have been siphoned through Binance. The amounts sent to Binance in question include roughly $7,500 in Metal (MTL) 00, $6,750 in KyberNetwork coin (KNC) 00, $7,181 OmiseGO tokens (OMG) 00, and $8,724 in EnjinCoin (ENJ) 00. All of it totals around $30,000. Changpeng Zhao, CEO at Binance – the world’s largest cryptocurrency exchange by means of traded volumes, has confirmed the allegations, reassuring that they’ve already frozen some of the funds. Zhao commented: Just checked, we were able to freeze some of the funds. I don’t understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It’s a high-risk maneuver for them. Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high risk maneuver for them. https://t.co/i0PeahLzic — CZ Binance (@cz_binance) January 16, 2019 Bitcoinist reported yesterday that Cryptopia’s security has been breached, resulting in ‘significant losses’. Police in New Zealand also confirmed. Binance Caught in the Fire Zhao’s tweet caused a reaction in crypto Twitter’s community as one user (@Crypto_Bitlord) expressed his bewilderment that Zhao referred to “social media” as a means of reporting rather than Binance’s own surveillance systems. I’m genuinely shocked stolen funds from @Cryptopia_NZ have easily passed through @binance UNDETECTED until social media flagged them. This raises some big questions. How is that possible with modern blockchain analysis? — Sir Bitlord (@Crypto_Bitlord) January 16, 2019 On the matter, Binance’s CEO said: It’s quite easy to generate a brand new address. We (and no one) recognize every transaction out there. We already have very in-depth and detailed blockchain analysis. Yet, the question remains – if a regular Twitter user has been able to detect the transaction in question, how, and more importantly – why did Binance miss it? Perhaps the better question, as posed by @Crypto_Bitlord is: So you are saying criminals can steal funds and just create a brand new address to send to before binance? In the meantime, Binance announced today the launch of their Binance Jersey fiat exchange. The platform is aimed at traders from Europe and it offers BTC/GBP, ETH/GBP, BTC/EUR, and ETH/EUR trading pairs. What do you think of Binance missing the transactions in question? Don’t hesitate to let us know in the comments below! Images courtesy of Shutterstock The post Binance Freezes ‘Some of the Funds’ Stolen in Cryptopia Hack appeared first on Bitcoinist.com.
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