a-golden-opportunity:-how-to-win-a-lamborghini-in-2021

A Golden Opportunity: How to Win a Lamborghini in 2021

Reading Time: 2 minutes

 

Dreams do come true.

 

On April 24th, a FreeBitco.in user, out of over 42 million registered users, won a brand new Lamborghini, crypto’s favorite car.

And that wasn’t the first time. Since May 2019, FreeBitco.in, one of the world’s biggest Bitcoin gaming websites, has given away Lamborghinis to four lucky winners.

And they don’t intend to stop…

It’s Time for Round 5!

The Lamborghini Giveaway at FreeBitco.in is a Golden Ticket Contest where users have to collect Golden Tickets which are entered into a provably fair draw to pick the winner.

User 15324044 is the latest winner and they held over 882,251 Golden Tickets over the course of the contest. The lucky winner gets to choose between a Lamborghini or $200,000 in BTC credited directly to their FreeBitco.in account.

Over the last 2 years, FreeBitco.in has given away a total of $800,000 in BTC through four popular editions, and now they’re making it $1 million with Round 5.

And the best part? You can win a Lambo too!

How to Participate?

Win a Lambo Round 5 began as soon as Round 4 ended. Everyone can participate in Crypto’s Biggest Giveaway and stand a chance to win.

Follow these steps to join the contest:

  1. Create an account on FreeBitco.in.
  2. Collect Free BTC or deposit BTC into FreeBitco.in wallet.
  3. Play the HI-LO dice game, or bet on events.
  4. For every 0.005 BTC wagered in total on both the dice game or the event betting page, the user gets 1 Golden Ticket.
  5. Golden Tickets can also be bought for 0.00025 BTC each.
  6. Collect as many Golden Tickets as possible to increase the chances of winning a Lamborghini.
  7. After the contest ends, a provably fair lottery draw will be conducted to pick the lucky winner.

It’s that simple!

The contest ends on 23rd October, 2021. You have six months to collect as many tickets as you can. Who knows, you could be driving home a shiny Lamborghini come October!

bitcoin-association-appoints-new-ambassadors-for-japan-and-the-south-pacific-to-advance-bitcoin-sv

Bitcoin Association appoints new ambassadors for Japan and the South Pacific to advance Bitcoin SV

 

Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the Bitcoin SV (BSV) blockchain, today announces that it has appointed two new Ambassadors for the Asia-Pacific region as part of its global ambassador programme, with George Siosi Samuels appointed as Ambassador for the South Pacific and Masumi Hamahira appointed as another Ambassador for Japan.

Bitcoin Association Ambassadors are experienced professionals from the Bitcoin SV ecosystem who work to raise awareness and improve understanding of the Bitcoin SV blockchain and BSV digital currency, as well as the power of the original Bitcoin protocol to support a massively scaled distributed data network for the world. With today’s additions, there are now 22 Bitcoin Association Ambassadors representing 23 different countries and territories.

George Siosi Samuels is the managing director of Faiā, a community tech consultancy working to bridge gaps between communities and technology, particularly in small and developing nations and regions. Faiā is working together with BSV ecosystem companies nChain and Elas Digital to help the Pacific island nation of Tuvalu build – using the BSV blockchain – the world’s first national digital ledger to become the world’s first paperless society.  In addition, Samuels is the founder of Honā, a BSV blockchain-based social accountability platform that can be utilised across a range of different use cases, including the ability to improve the productivity of remote workers worldwide.  Honā was voted the #1 judges’ choice during the Draper University Pitching Competition run by venture capitalist Tim Draper’s organisation.

Masumi Hamahira is a veteran financial executive, having spent 22 years working for MUFG – the world’s fifth-largest bank – including in Malaysia.  An expert in the requirements of Islamic Finance, Hamahira also serves on the board of directors for the Chartered Institute of Islamic Finance Professionals (CIIFP). Supporting BSV initiatives in his individual capacity (rather than on behalf of MUFG or CIIFP), Hamihara is an initial member of the Bitcoin SV Technical Standards Committee and already serves as Bitcoin Association’s Ambassador for Malaysia.   Having relocated from Malaysia to Tokyo, Japan, Hamahira now will also act as a Bitcoin Association Ambassador in Japan (adding to efforts of Ken Shishido, the Association’s first appointed Ambassador for the country).

Speaking on today’s announcement, Bitcoin Association Founding President Jimmy Nguyen, commented:

“As Bitcoin SV continues to demonstrate its utility across a variety of business use cases all over the world, especially in countries in Asia-Pacific, we continue to expand our global Bitcoin Association team to help spread the word and support the ongoing BSV growth story. Both George and Masumi have demonstrated ability as leaders in their respective business fields and as strong advocates for BSV, making them ideal candidates to be new Bitcoin Association Ambassadors for the Asia-Pacific region.”

Speaking on his appointment as Bitcoin Association Ambassador to the South Pacific, George Siosi Samuels, said:

“I see huge potential for the Pacific region, not just for BSV adoption, but for the underlying utility of the technology and its ability to offer leapfrogging development that will facilitate future social, cultural and economic growth. While the Pacific region is often overlooked because of its remoteness, I believe that our Pacific nations will be able to draw on our history as master ocean explorers and translate that into mastering the new digital ocean enabled by Bitcoin technology.”

Speaking on his appointment as a Bitcoin Association Ambassador to JapanMasumi Hamahira, said:

“I foresee Bitcoin SV as a driver for innovation as a global public blockchain protocol in the same way that the Internet protocol did, just as I see great potential in Japan for sophisticated corporates to use BSV in new and unique ways. In my new role, I will work to enhance the awareness of BSV among regulators, lawyers, industry associations, developers and academia by leveraging my network as a global banker and working so that we see the beautiful dawn of Bitcoin SV from the Land of the Rising Sun.”

safello-acquires-bitcoin.se-–-sweden’s-leading-cryptocurrency-portal

Safello Acquires Bitcoin.se – Sweden’s Leading Cryptocurrency Portal

 

Swedish fintech Safello continues its growth journey and announces that it has acquired Rational Money AB, the company behind Bitcoin.seSweden’s leading educational portal on cryptocurrencies.

For almost a decade, Bitcoin.se has played a vital role in informing and educating the Swedish public about topics related to cryptocurrencies and their surrounding ecosystem. Since 2012, the site has been the leading independent portal in Swedish for information, news and discussion about cryptocurrency, blockchain technology and economics.

In 2018, Bitcoin.se was introduced to the international audience with an English version. Behind the company is the founder David Hedqvist, one of Scandinavia’s foremost crypto evangelists, a Bitcoin enthusiast and board member of the Swedish Bitcoin Association. The journalistic integrity of Bitcoin.se will be safeguarded by David Hedqvist, who will remain as editor-in-chief and an active contributor.

“David has been a strong advocate for the Swedish cryptocurrency market. In the past, he led the court case that set the regulatory framework for cryptocurrencies on VAT for the EU, an effort Safello at the time sponsored. Our collaboration has extended over the years and we share the values and objectives of David and Bitcoin.se. We are excited for David to continue his journey together with Safello,” said Frank Schuil, CEO of Safello.

The acquisition comes after a successful partnership period between Safello and Bitcoin.se, where the latter has used Safello’s Partner Widget product. Bitcoin.se contributed to trades generating a significant part of Safello’s turnover during the past six months.

In connection with the Bitcoin.se acquisition, Safello is expecting to see significant synergies that are likely to increase Safello’s profitability and create opportunities for new customer generation and continued growth.

“After 9 years as a one-man project I felt that Bitcoin.se deserved to be taken to the next level, but it was important to me that it was done in a way that didn’t compromise on its core values. My relation with Safello over the last few years has been one of mutual respect and I’m convinced that they are just the right company to take on the task,” said David Hedqvist, founder of Bitcoin.se and CEO of Rational Money AB.

The news comes on the heels of a recent announcement about several industry veterans’ appointment to Safello’s Board of Directors. Christina Ploom has previously served as COO at Spotlight Stock Market and has had leading positions at Nasdaq and Sweden’s Financial Supervisory Authority, Finansinspektionen. Johan Lorenzen is the former CEO of Holvi and long term fintech investor. Knut Pedersen is the former President and CEO of Catella and Managing Partner at ABG Sundal Collier AB.

Safello, backed by reputable investors, including Digital Currency Group (DCG)Northzone and White Star Capital, is in full swing with its plans to be listed on the Nasdaq First North Growth Market during Q2 2021. Recently, the company announced a strategic partnership with Klarna and a handful of key recruitments, including Johan Edin as Chief Financial Officer and Swedish crypto profile Gina Pari as Client Director.

bitcoin-ira:-clients-invested-over-$100-million-dollars-into-interest-earning-program-in-just-30-days

Bitcoin IRA™: Clients Invested Over $100 Million Dollars Into Interest Earning Program In Just 30 Days

 

Bitcoin IRA, the world’s first, largest, and most secure digital asset IRA technology platform that allows users to buy, sell and swap cryptocurrencies for their retirement accounts, announces over one hundred million dollars have been invested into IRA Earn™. The new interest-earning program offers interest rates up to 6% annually on cash and crypto holdings. This news follows Bitcoin IRA COO Chris Kline’s appearance on CoinDesk TV, where he discussed the rapid growth of the Bitcoin IRA platform, the company’s mission to help Americans retire, and the wildly popular interest-earning program called IRA Earn.

Investors can create an account today, deposit funds into a self-directed retirement account, and then enroll in Bitcoin IRA Earn. Unlike traditional banks where the average savings rate is only 0.05%, the IRA Earn program offers rates approximately 100x higher, up to 6% annually, based on the blockchain’s unique ability to remove the middleman.

Retirement account owners can use Bitcoin IRA’s interest-earning program to increase the yearly return of their Traditional and Roth IRAs, and/or 401(K)s. For example, at the current rate, someone with $100,000 in cash could earn $30,000 via IRA Earn in just 5 years. This means clients taking advantage of this program can potentially earn faster and retire sooner with more money in their Bitcoin IRAs and/or 401(K)s.

Some of the highlights of the program include:

  • High-Interest Rates: Earn 6% APY on cash, 2.7% on Ethereum, and 2% on Bitcoin.
  • Low Minimums: Start earning interest with as little as $10,000.
  • Monthly Payouts: Accrue interest daily and receive payouts monthly.
  • No Lockup Period: Having open terms means users can earn substantial interest without long-term commitments.

The new IRA Earn program is available today to all account holders. Individuals interested in participating in the program should go to bitcoinira.com/earn or call 866-333-4307 to sign up.

freebitco.in-launches-premium-program:-fun-token-eyes-exponential-growth

FreeBitco.in Launches Premium Program: FUN Token Eyes Exponential Growth

Reading Time: 2 minutes

 

What comes to mind when you read, “one of the most promising tokens of 2021?”

Chainlink? Polkadot? Uniswap? What about FUN Token?

One of the key developments for FUN holders this quarter has been the FreeBitco.in Premium Membership Program, a venture that utilizes FUN as a loyalty token for FreeBitco.in’s 41 million registered users. Let’s take a look at it.
FreeBitco.in Launches Premium Program
On 1st February, FreeBitco.in, the seventh-largest online gaming website in the world (source: SimilarWeb), announced a Premium Membership Program for its user base.

The objective was simple:

1. Users need to purchase FUN Tokens at FreeBitco.in
2. Users need to hold FUN Tokens for specified periods of time
3. The program launches on 15th March 2021
4. Users start earning benefits such as cashback, free spins, and extra interest according to designated tiers

On 15th March, FreeBitco.in launched the Premium Membership Program, activating benefits for all eligible token holders. And this has had a huge impact on the growth prospects of FUN Token.
Invest in the Future of Decentralized Gaming
FreeBitco.in chose the FUN Token for the program because of its focus on decentralized and truly fair online gaming.

And since 1st February, the power of FreeBitco.in’s user base has boosted the token economy massively, even adding 100,000 new users to it.

This led the owner of FUN Token, FunFair Technologies, and FreeBitco.in to reach an agreement where the iGaming website took over the reins of FUN.

Now, FreeBitco.in plans to develop the utility and value of FUN Token through powerful growth strategies, including:

1. Assembling a tech development team to build consumer-facing apps around the FUN Token to promote adoption
2. Building constructive partnerships with other iGaming entities to cement FUN’s status as a transactional currency in gaming
3. Reinvesting its bottomline to maintain a strategic burning schedule and improve FUN Token’s value

FreeBitco.in plans to turn FUN Token into the token of choice for online gaming websites everywhere, thus facilitating growth and utilization. And it’s already working, with FUN Token up by 300% since January.

The launch of the Premium Membership Program is significant as it puts FUN Token into the spotlight. With further developments in the pipeline, it looks to be a promising investment opportunity in 2021.

osl-digital-securities-executes-first-regulated-virtual-asset-trades-in-hk,-sfc-licensed-exchange-and-brokerage-now-live-trading

OSL Digital Securities Executes First Regulated Virtual Asset Trades in HK, SFC-Licensed Exchange and Brokerage Now Live Trading

 

In a Hong Kong-first, OSL Digital Securities Limited (OSL DS), the world’s only SFC-licensed, listed, Big-Four-audited digital asset platform and member of BC Technology Group (stock code 863 HK), today announced its official go-live with the execution of the first customer trades via it’s licensed trading desk. OSL DS holds a license for Type-1 (dealing in securities) and Type 7 (automated trading service) regulated activities related to virtual assets (digital assets) from the Hong Kong Securities and Futures Commission (SFC).

The OSL platform utilizes a modular interface where institutional and professional investors can buy, sell and securely store digital assets, such as Bitcoin, Ethereum and selected Security Tokens. The ‘go-live’ for trading follows an exhaustive and successful trial-use period completed with the participation of trading partners and investors.

“With today’s trades, we break new ground for financial services in Asia,” said OSL CEO Wayne Trench. “Trading and storing digital assets like Bitcoin can now be securely conducted in Hong Kong with the supervision of a world-leading regulator — a major milestone in the ongoing institutional adoption of digital assets globally.”

OSL customers benefit from a single platform login and central dashboard that allows use of OSL’s market-leading electronic and OTC trading, intelligent Request for Quote (iRFQ) technology and an industry leading institutional-grade Exchange, as well as exclusive access to segregated banking and segregated, insured wallet services. Unique in the market, the OSL Exchange is fully compliant with stringent know-your-customer, anti-money laundering and market surveillance standards.

Designed for institutional and professional investors, the OSL Exchange connects traders to counterparts across markets, delivering unrivalled access to deep pools of liquidity in Bitcoin, Ethereum and other digital assets. In addition to enabling one-click trading via the user-friendly UI, OSL Exchange also supports both FIX and REST API connectivity

OSL Exchange offers a complete market solution with performance, security, liquidity and compliance for professional investors.

OSL’s over-the-counter (OTC) and electronic RFQ/API trading combines access to unparalleled market liquidity with complete privacy and guaranteed price quotes. Each trade is conducted and executed directly with the customer and with no on-exchange price slippage or order book discovery. This ensures instant, seamless, secure transactions with near instant settlement.

OSL’s combination of experienced (and licensed) traders, deep global relationships and advanced technology allow its brokerage to match large institutional blocks across major digital assets.

Trench added, “We are excited about the prospects for further development of the institutional digital asset market in Hong Kong and being a key contributor to this growing ecosystem. In the near term, we are very pleased by the significant appetite we are seeing from clients who recognise the criticality of trading with a safe, reliable and licensed platform.”

neobroker-nextmarkets-receives-$30-million-in-series-b-funding-round

Neobroker nextmarkets receives $30 million in Series B funding round

 

nextmarkets, the innovative and commission-free online broker, receives $30 million in a Series B financing round. The additional capital is intended to further accelerate the European expansion of the FinTech company, which was founded in Cologne in 2014, and to establish nextmarkets as the leading neobroker in Europe. In addition to Germany and Austria, six further countries – the United KingdomPortugalthe NetherlandsFranceSpain and Italy – were launched at the end of 2020. The financing round closes out a successful 2020 financial year for nextmarkets, in which the company was able to multiply all KPIs such as the number of executed transactions, customer deposits, as well as the number of customers.

“We are very pleased about the great interest and trust of both new and existing investors. The growth potential is huge, and we are only at the beginning of a whole new era in which the stock market becomes fully democratized. With our unique coaching approach, we ensure that private investors not only trade fully commission-free, but above all become significantly more successful,” says CEO and co-founder Manuel Heyden. His brother Dominic Heyden, co-founder and CTO continues, “We are particularly proud of the fact that with fewer than 40 employees, we have in record time built an online broker active in eight European markets, built top-to-bottom on our own technology and with a comprehensive regulatory framework.”

Lead investor Christian Angermayer, who has invested via his stock-market-listed Cryptology Asset Group, adds: “We are just at the very beginning of a new retail boom on stock markets. However, the crisis of confidence towards other neobrokers, in connection with the Gamestop phenomenon, has shown how important it is to choose the right partner. nextmarkets is 100% transparent, stands completely on its own two feet including its own banking license, and offers true zero-commission trading in stocks, with no hidden fees and a very broad investment offering. Investors can also trade Bitcoin easily and conveniently with nextmarkets, of course.”

nextmarkets will invest the capital primarily into further development of the platform and further customer growth. “Our product pipeline is full of innovations and we can’t wait to make them available to our customers,” says Manuel Heyden, describing the growth phase that now lies ahead.

– Cross reference: Picture is available at AP Images (http://www.apimages.com) –

freebitco.in-takes-the-reins-of-fun-in-multi-million-dollar-token-acquisition

FreeBitco.in Takes the Reins of FUN in Multi-Million Dollar Token Acquisition

Reading Time: 3 minutes

 

Through a series of ventures, FreeBitco.in seeks to promote the mass adoption and utilization of FUN Token in the iGaming and Gaming spaces.

FreeBitco.in, one of the biggest Bitcoin iGaming websites in the world, has acquired the majority of FunFair’s remaining cold storage of FUN tokens, the native cryptocurrency of the FunFair gaming ecosystem. The cold storage holds 4.45 billion FUN Tokens and FreeBitco.in has acquired 3.75 billion tokens.

Through this acquisition, FreeBitco.in plans to invest in the token’s long-term development.

“Since 2013, FreeBitco.in’s goal has always been to provide online gaming enthusiasts with a frictionless, transparent, and truly fair experience,” said a statement by FreeBitco.in. “There’s no better fit than the FUN token to help us significantly enhance our efforts.”
The FUN Token
Since 2017, FunFair Technologies has been striving to deliver a guaranteed fair, decentralized gaming experience to the mass market through blockchain technology utilizing the FUN token.

“Despite several industry firsts and significant milestones in proving that use case, it has recently become apparent that FreeBitco.in has developed a different and superior use case for the FUN token,” said a statement released by FunFair.

This announcement refers to FreeBitco.in’s Premium Membership Program; a feature that incentivizes FreeBitco.in users to buy and hold FUN tokens for significant benefits. This activity has driven considerable volume into the token economy without the burden of significant on-chain transactions.

“There’s no doubt that FreeBitco.in’s customers are currently generating the bulk of FUN token commercial activity rather than FunFair’s customers,” continued the statement.

“With this in mind and for the token economy to maintain its recent success, FunFair has agreed to sell the majority of their FUN token holdings to FreeBitco.in.”

FUN is an ERC20 token listed on major exchanges Binance, BitFinex, HitBTC, Changelly, and OKEx, as well as decentralized exchanges like Uniswap.
FreeBitco.in’s Vision for FUN
FreeBitco.in aspires to grow the FUN token as an independent entity through a series of upcoming projects.

“Our sole objective, as of now, is to work to increase FUN’s utility and value,” said FreeBitco.in. “We’re thoroughly committed to its long-term growth.”

Accordingly, FreeBitco.in is preparing to undertake the following initiatives:

1. Strategic Burning of Tokens: FreeBitco.in plans to invest a substantial portion of its bottom line into strategically acquiring and burning FUN tokens to elevate their value over time.

2. Improving Liquidity: FreeBitco.in is working on increasing FUN’s liquidity across all markets, thus making it easily accessible and tradeable. This is evidenced by a cumulative influx of $3 million in the FUN/ETH and FUN/USDC trading pairs on Uniswap recently, and other exchanges are set to follow.

3. New Blockchain: Based on the Ethereum blockchain, FUN prided itself on being fast, open, and secure. However, the growth of DeFi on Ethereum has been pushing gas prices up for many months, making the adoption of FUN too expensive for users. FreeBitco.in is actively exploring opportunities to port the FUN Token to a new blockchain that is faster and cheaper.

4. Dedicated Wallet: FreeBitco.in is working on creating a dedicated wallet for FUN users that can operate seamlessly between different iGaming platforms. The wallet would also help users convert their FUN tokens into multiple crypto and fiat currencies.

5. Proactive Development: FreeBitco.in is assembling a development team to build innovative, consumer-facing apps based around the FUN token, thus creating more use cases, strengthening utility, and promoting adoption.

6. Creating Effective Partnerships: FreeBitco.in seeks to build productive partnerships and affiliations with other iGaming entities to promote FUN’s identity as a transactional currency in online gambling.

Note: This is not a partnership between the two organizations, namely FreeBitco.in and FunFair Technologies. The aforementioned acquisition and venture is at the sole discretion of FreeBitco.in.

evolve-announces-bitcoin-etf-begins-trading-on-tsx

Evolve Announces Bitcoin ETF Begins Trading on TSX

 

Evolve Funds Group Inc. (“Evolve“) is pleased to announce the launch of the Bitcoin ETF (“EBIT“). EBIT has closed its initial offering of units and will begin trading on the Toronto Stock Exchange (“TSX“) today under the ticker symbol EBIT.

“The recent institutional adoption has helped further legitimize the progress of bitcoin,” says Raj Lala, President and CEO at Evolve. “Being able to offer an ETF which holds physical bitcoin is a real game changer in Canada. Now investors may participate in bitcoin via their brokerage accounts within their RRSP and TFSA. Bitcoin has proven to be a store of value that is uncorrelated to other major asset classes – and has now emerged as an asset class itself.”

EBIT will provide investors with exposure to the daily price movements of the U.S. dollar price of bitcoin by utilizing the benefits of the creation and redemption processes offered by the exchange traded fund structure. Investors in EBIT will directly own bitcoin on the Bitcoin blockchain in a cold wallet. Gemini Trust Company, LLC will act as the Sub-Custodian in respect of EBIT’s holdings of bitcoin.

“We are proud to be working with Raj and Evolve ETFs on the launch of one of the first true Bitcoin ETFs in Canada,” says David Abner, Head of Business Development at Gemini Trust Company, LLC. “Crypto presents unique challenges for fund issuers and utilizing Gemini for fund services like custody, execution and clearing provides real comfort to investors. We have a unique understanding of both the ETF and Crypto ecosystems and bring this knowledge to every product we support.”

EBIT will not seek exposure through derivatives or futures contracts. The daily NAV will be based on the CME CF Bitcoin Reference Rate, a once-a-day benchmark index price for bitcoin denominated in U.S. dollars.

“We’re proud to partner with the world’s first regulated crypto benchmark administrator, CF Benchmarks, that offers a fully transparent methodology and relies on real-time data from five Bitcoin exchanges including Gemini, itBit, Coinbase, Kraken and Bitstamp,” says Elliot Johnson, Chief Investment Officer and Chief Operating Officer at Evolve ETFs. “The world’s leading crypto currency continues to gain momentum and legitimacy as more and more institutions embrace its value and potential every day.”

EBIT is available in Canadian dollar denominated unhedged units (TSX Ticker: EBIT), and U.S. dollar denominated unhedged units (TSX Ticker: EBIT.U).

Bitcoin ETF

TSX Symbol

Unhedged Units

EBIT

USD Unhedged Units

EBIT.U

hello-pal-announces-user-bitcoin-mining-initiative

Hello Pal Announces User Bitcoin-Mining Initiative

 

Hello Pal International Inc. (“Hello Pal” or the “Company”) (CSE:HP Frankfurt:27H OTC:HLLPF), a provider of rapidly growing international live-streaming, social messaging and language learning mobile apps, is pleased to announce that it has expanded its partnership with Shanghai Yitang Data Technology Co. Ltd. (“Yitang“) to launch the Crypto – Mining Initiative. This will give all Hello Pal users the ability to participate in Bitcoin and Ethereum mining in a simple and convenient way.

Yitang currently manages 35,000 mining machines spread across the North, North West and South East parts of China and has pre-existing contractual arrangements with mining machine vendors to acquire many more in the future.  Through Yitang, the Company will be able to allow users (individually or as a group) to purchase Bitcoin and Ethereum mining machines (or option to purchase fractional parts of the miner), and have the machines hosted and operated by Yitang.  Machines will be personally identifiable to the purchaser(s), and differs from typical ‘cloud mining’ services available.  After the purchase, users can expect the mined cryptocurrency to be credited to their digital wallet each day. Further details will be available after the service is launched.

As a first step in this initiative, the Company has purchased several Bitcoin and Ethereum mining machines and plans to purchase more.  The Bitcoin mining machines (Whatsminer M31S) each have a hash rate of 74T hash/s operating at an efficiency of 44w/T, while the Ethereum machines have MSI 5700 graphics cards at their core with an estimated hash rate of 400M.  The mining results from this initiative will be used to showcase and demonstrate to users what can be expected with a purchase. With each crypto machine purchase, all users can now mine BTC and ETH to learn and create value within their own crypto wallets on the platform.

“It has long been our intention for cryptocurrency to play a central part on our platform, especially given the borderless nature of cryptocurrency and our international nature,” said KL Wong, Founder and Chairman of the Company. “The recent activity and interest in cryptocurrency presents us with a unique opportunity to introduce cryptocurrency to our users, as well as to bring cryptocurrency users to our platform,” he added.

Yitang, a leading provider of digital wallet services with over USD70 million in crypto-assets under management. is also helping the Company to revamp and reintroduce its digital wallet as well as its own digital token called “Palto”. Enabling the Company’s current virtual tokens used on its livestreaming platform to be fully enhanced and backed by blockchain technology.  First launched in 2018 (see news release October 9th, 2018), the Palto (PLT) is a utility token that will be used across the entire Hello Pal suite of apps in order to allow for the borderless transfer of value between Hello Pal users across the world.

“We believe by starting the crypto-mining initiative this will be true to our mission by creating a platform where it is easy to instantly interact with others around the world and giving them the tools to communicate with each other in a joyful and fun way, we hope to do our part (however small) in bringing the world closer together,” said Hans Xu Advisor to Hello Pal.

To download Hello Pal please visit the IOS or Android store. For information with respect to the Company or the contents of this news release, please contact the Company at (604) 683-0911 or visit the website at hellopal.com. Email inquiries can be directed to: [email protected].