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MicroMoney $30M Token Distribution Campaign Generates $1M in 12 Hours

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As its $30 million token distribution event verges on becoming a social movement, the ethical lender to the unbanked MicroMoney Intl. generated $1 million during just 12-hours, putting the company another step closer to fulfilling its mission to include two billion people into the global financial system.

[Note: This is a press release.]

Led mainly by token swaps in its core market of Southeast Asia, MicroMoney’s AMM token pre-distribution campaign generated $400,000 in executed transfers and $500,000 in additional commitments, bringing a total number of executed swaps to $1,756,734 and a total number of AMM transactions pledged by Oct. 17 to $5 million.

Kicked off Sept. 15, AMM token pre-distribution campaign had a minimum swap threshold valued at $10,000 and a soft cap of swaps valued at $2 million. The actual token distribution campaign starts Oct. 18, with a soft target of $15 million worth of swaps, and a $30 million hard cap.

MicroMoney Co-Founder Anton Dzyatkovsky said:

We are very pleased at the exuberance of our token holders as they embrace MicroMoney’s social mission. AMM token is emerging as a symbol of independence and individual self-determination for millions of the unbanked in Southeast Asia and around the world.

World Bank’s Global Financial Initiative estimates that over 2 billion adults, almost a third of Earth’s population, have never been banked in their lives. The most affected regions are Asia, Africa, and Latin America where about 65% to 80% of the adult population is unbanked.

Today, banks are not able to approve first loan applications for billions of these people due to the absence of credit history and records. A thriving business in Myanmar, Cambodia, Thailand, Indonesia, and Sri Lanka with 100,000 registered users and 40,000 loans issued this year, MicroMoney breaks this vicious cycle by lending to the unbanked and thus creating credit profiles banks could use, a breakthrough made possible by productization of the proprietary blockchain-based Decentralised A.I. Neural Network Scoring System.

Currently valued at $1.85 million, MicroMoney provides social lending services with no collateral or paper-based document requirements. The company plans to use attracted funds to expand to Vietnam, Malaysia, Singapore, and Nigeria as well as launch its blockchain credit bureau and add over 100,000 previously unbanked customers, thus including them into the global financial system.

About MicroMoney

Founded in 2015, MicroMoney International ( is a global fintech company offering financial services for the unbanked in the emerging markets, and access to the unbanked audience for banks, trade, and financial organizations. Currently valued at $1.85 million, the fast-growing company has over 85 employees across six international locations.

MicroMoney makes lending decisions using a proprietary, A.I. algorithms and neural networks-based mobile scoring system. Their simplified lending process doesn’t require any collateral or paper-based documentation – they simply collect customers’ opt-in mobile phone data to establish potential borrowers’ credit score. MicroMoney uses the score to generate credit profiles, stored with MicroMoney Blockchain Credit Bureau, which in turn shares this data with financial institutions worldwide. For more information or to register your exchange please visit:

Images courtesy of MicroMoney

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As India’s Government Wars Against Cash, Bitcoin is Sought in Exchange

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As India's Government Wars Against Cash, Bitcoin is Sought in Exchange

Emerging Markets

Last year, the Republic of India overnight banned 85 percent of its fiat cash in circulation. As a way to address “black money” presumably used in nefarious dealings, government policy makers demanded certain Indian Rupee (INR) denominations be returned. It’s citizens now have an incentive to begin looking for alternatives to government money.

Also read: India’s Multi-Currency Exchange Will List Bitcoin Cash in Two Weeks

India’s War on Cash

India is the world’s largest democracy. With over one billion people, its government often lurches and sputters to find the right fix on any number of issues. This is especially true in matters of monetary policy.

When it felt duty-bound to effectively sack its INR in the most popular amounts, it did so without warning. One day 500 and 1000 INR bills were legal tender, the next day they were not. Indians were pushed to banks, hoping to salvage what might be left of their personal wealth.

As India's Government Wars Against Cash, Bitcoin is Sought in Exchange

The equivalent in the United States might be if 10 and 20 USD paper was no longer useable.

India also has an enormous unbanked population, and its poverty levels have been extensively publicized. These are the people who live on smaller numbered cash bills, be they for employment or simple market transactions.

Even if for more affluent members of India, the sudden government move was a wake-up call as to the power politicians have over the paper in the average person’s wallet and even their accumulated wealth.

Bitcoin as Refuge

For these and other reasons, bitcoin has surged, as it has all over the world, in India.

Wallets such as unocoin are sprouting up to meet increasing demand (it’s website ticker mentioned withdrawals were being processed manually at the time of this writing). Exchanges such as Zebpay and coinsecure are generally well-received as methods of moving out of INRs and into bitcoin (currently 1 BTC : 348,385 INR).

India has become so tech-savvy and interested in cryptocurrency, yet another part of its vast government launched a public/private consortium, Start-Up India. It acts as an incubator of sorts, and its official recognition appears to be a coveted stamp of approval for less-established business.

As India's Government Wars Against Cash, Bitcoin is Sought in Exchange

Touting such recognition is India’s latest entree into the exchange market, BitBox.

The company hopes to gain market share by providing “free trading,” its press material reads, charging only “on deposit & withdraw. Further our charges are not flat and get reduced up to 0.1 % based on user trading volume.”

It wants to be the easiest service of its kind in India, customizable with access to trades in a few simple screen motions.

Bitcoins “can be kept on your balance in a safe cryptocurrency cold storage, traded, or withdrawn to personal wallets at any moment,” BitBox states.

Precious few details are known about the start-up, as is usually the case. The application is available on Google Play, and reviews are mostly positive. BitBox version 1.0.16 permissions seem in line with the industry, but it’s always a good idea to read them along with customer feedback carefully before downloading.

Exchange competition signals a healthy sign for the India bitcoin ecosystem, and with smartphone ubiquity on the rise those hit hardest by government policies may well have a viable alternative in bitcoin.

Are crackdowns on cash an ironic way to send more people to bitcoin? Tell us in the comments below! 

Images courtesy of: Getty, Reserve Bank of India, hdwallpapers.

At there’s a bunch of free helpful services. For instance, check out our Tools page? 

Disclaimer: None of the information on is intended as investment advice, as an offer or solicitation of an offer to buy or sell.

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Fintech Start-Up FidentiaX Introduces World’s 1st Marketplace for Tradable Insurance Policies

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Bitcoin Press Release: fidentiaX is building the World’s First Marketplace for tradable insurance policies by leveraging on blockchain technology

October 14th, Singapore Fintech start-up fidentiaX is in the developmental phase of creating the world’s first marketplace for tradable insurance policies by disrupting the status quo by empowering policy holders to monetise policies on the blockchain. fidentiaX will also be setting up fidentiaX Open Source Foundation (fSOF) to proliferate the embracing  of blockchain technology for the insurance industry.

In 2016 alone, the total market size for insurance premiums in the 40 OECD reporting countries was estimated to be in the north of $3.86 trillion dollars and Asia is projected to the be fastest-growing market for life insurance with an estimated real annual compounded growth rate of 10.2%.


The tradable insurance market is faced with inefficiencies such as:

Lack of awareness  Policyholders are unaware that policies are tradable asset which could be sold in the open market for a higher value. In 2015, out of the US$112 billion worth of policies surrendered in the U.S., US$57 billion (estimated 250,000 policies) could be resold.

No Recognizable Marketplace – The lack of a recognizable marketplace makes it challenging for sellers and buyers to connect.

Dependency on 3rd party – In the rare occasion where seller and buyer actually connects, parties need to place trust on a 3rd party to effect the transaction.     

fidentiaX’s marketplace will be a membership-based ecosystem focusing on the key stakeholders and providing the following services:

Policy ledger – Break traditional reliance on intermediaries by creating a digital ledger for policyholders.

Trustless Marketplace – Provides a platform for buyers and sellers to connect and trade policies via the blockchain.

fidentiaX will focus on building its operations within Asia before executing its global expansion strategy. Key countries within Asia are Hong Kong, Japan, Korea, Malaysia and Singapore.

To learn more, please visit fidentiaX’s official website at and stay updated on their Crowd Token Contribution launch announcement by subscribing to their mailing list. Stay connected through their social channels:

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Media Contact:
Name: Alvin Ang
City and Country Location: Singapore

fidentiaX is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

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France’s AMF is Working on Formulating Its Position on ICOs

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French ICOS
France-ICOs (1)

France is currently determining a legal framework for initial coin offerings (ICOs), according to its financial market regulator.

Robert Ophele, president of the Autorite des marches financiers (AMF), said that they are developing regulations for the market, reports business magazine Challenges.

“We want to get a quick position on the issue,” Ophele said.

At present, it’s not known when the rules will be released. However, France becomes the latest country to announce that it plans to regulate ICOs.

In a Q&A interview, Ophele said that the use of digital currencies enables cash transfers to be conducted in a ‘fast and cost-free way’ around the world. However, he balanced his views by adding:

“[Cryptocurrencies] can very easily be the receptacle of all that one wants to avoid: tax evasion, money laundering or the financing of terrorism.”

These remarks come at a time when regulators around the world are considering their own positions regarding fundraising through ICOs and the regulation of digital currencies.

In July, the U.S. Securities and Exchange Commission (SEC) released an investigative report that found DAO tokens were securities and subjected to securities laws.

At the time, Jay Clayton, SEC chairman, said:

“The SEC is studying the effects of distributed ledger and other innovative technologies and encourages market participants to engage with us. We seek to foster innovative and beneficial ways to raise capital, while ensuring – first and foremost – that investors and our markets are protected.”

Last month, the SEC reported that it was in support of ICOs that do not fall under the definition of securities. According to a report, tokens such as Filecoin, Civic and Gnosis are tokens that grant investors credit for future use. As such, they act like a type of pre-paid gift card and don’t guarantee an ownership stake in the companies or blockchain networks. As a result, they don’t fall under the SEC’s jurisdiction.

On the other hand while countries such as Canada are taking a neutral approach, the same can’t be said for China and South Korea.

In September, both countries banned the use of digital currency tokens through ICOs. Chinese authorities have also halted domestic digital currency exchanges from trading. South Korea’s financial regulator, the Financial Services Commission (FSC), also stated that margin trading of digital currencies would be illegal following its ICO ban.

What France’s position will be regarding projects and startups raising funds through ICOs remains to be seen. However, it’s clear that authorities are taking a more proactive approach to the industry.

Just recently, Russia’s president, Vladimir Putin, voiced his support of the regulation of digital currencies as they ‘bear significant risks.’ Yet, while he’s aware of the Bank of Russia’s opinion on cryptocurrencies, he’s keen ‘not to put up too many barriers.’ According to Anton Siluanov, Russia’s finance minister, digital currencies are expected to be legalised and regulated in 2018 to crack down on money laundering.

Robert Ophele, president of the Autorite des marches financiers (AMF), […]

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The Positive Impact of Recent Regulatory Measures on the Global Cryptocurrency Markets

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TheMerkle Bitcoin Regulation Trading Impact

No one can deny the latest batch of cryptocurrency-related regulations has caused some interesting shifts in the world of cryptocurrency. Some things have certainly improved in this regard, as the majority of trading volume has finally moved away from China. In fact, one could argue we have seen a better Bitcoin ecosystem created because of these regulations.

Regulation Isn’t Always Negative

While a lot of cryptocurrency users aren’t big fans of regulation, the repercussions aren’t always as negative as people would assume them to be. Most forms of regulation are designed to hinder the growth of Bitcoin; that much is fairly obvious. Particularly in countries such as Russia, China, and even the United States, things have evolved in a rather awkward direction as of late. That doesn’t necessarily mean nothing good comes from these developments, though.

Perhaps the biggest example of something positive resulting from regulatory measures is China no longer being the Bitcoin trading powerhouse. Although the country is still home to most mining operations, its exchanges are no longer much of a factor. Granted, they halted all CNY trading a while ago, although that appears to have been a temporary measure first and foremost. There is no official indication as to when those services will be resumed, though.

According to a recent Bloomberg article, things are definitely shifting in different directions due to these new forms of regulation. With the Bitcoin price mounting, we have seen some pretty interesting changes introduced. In particular, the Bitcoin trading volume has shifted from the Chinese yuan to the Japanese yen and Korean won. We have seen this trend emerge over the past few weeks, and things have not changed in any significant way ever since.

The US dollar is also trying to mount a bit of a comeback in this regard, even though it will always be a tertiary market at best. For some unknown reason, none of the USD trading pairs come even close to yen or won trading right now. It will be hard to overcome these hurdles right now, given the size of the gap. Then again, the situation continues to evolve virtually every single day, and a lot of changes are still on the horizon, by the looks of things.

The same applies to Ethereum, mind you, as its trading volume mainly comes from the same markets right now. Additionally, the BTC/ETH markets are seemingly shrinking a bit as well, although that is mainly due to the ongoing bullish Bitcoin price run. This doesn’t mean we won’t see more BTC/ETH volume in the near future, though, but for now, Bitcoin is clearly dominating all trading portfolios. That is only normal, as it is the world’s largest cryptocurrency.

Although all of these changes are a direct result of regulatory decisions, most people will not see things that way. The Japanese market is pretty important to all cryptocurrencies right now, thanks to its positive regulatory stance. South Korea is still trying to figure out how it wants to handle things in this regard, but the general attitude appears to be relatively positive for the time being. Things can still change in the very near future, though, as nothing has been set in stone just yet.

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Up to 40% Off Bitcoin Art Sale (7 Days)

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Up to 40% off from Crypto Art For a Week

Most of my gallery reps take up to 50% of my profits from the sales of my works. Since I have the opportunity to market directly to my potential client base through News BTC, we decided to make a campaign to increase sales to raise funds for a new major international project to be announced early 2018.

Art For Crypto and Artevo are now prepping for a new project involving VR, AI and Blockchain so should you wish to collect unique art, be involved with supporting an emerging expression and be a part of something greater than the sum of its parts – here is your chance.

This article shows multiple demo images on what your space could soon look like. We have various sizes available from 50x25cm (20x10in) up to 250x125cm (100x50in).
One of my previous projects with a Bollywood actress Veena Malik reached around 300 million people and helped to change the world. You can see more about this project


The new project will increase awareness regarding blockchain to the general public as well as feature insider topics.

Below you can read some of the most recent interviews regarding on what is to come

The offer during 16-23rd of October is as follows:

  • Bronze series: 10% discount
  • Silver series 20% discount
  • Gold series 30% discount
  • Platinum series 40% discount
Vesa is also open to private and company commissions involving these creative processes.
We accept both crypto as well as Fiat currency as payments.

To access the offer include NEWS BTC OFFER as the opening line of the email.

See the works & prices here:

Sales, commissions and proposals at: info (at)

Vesa Kivinen
Visual Artist
London / Helsinki

Vesa is a contributing art writer on News BTC. He is credited for innovating an entirely new art form Artevo and his new platform Art For Crypto, focuses on art for and about the blockchain. He is best known for his collaboration with the Bollywood actress Veena Malik, which reached over 300 million people through the BBC World, The Independent, Times of India, IBT, Helsinki Times, VICE etc.

Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members.  NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.

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Why Investing in Digital Currencies Is a Much Better Idea Than You Might Think

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investing, bitcoin, cryptocurrency

It’s hard to ignore digital currencies these days. With headlines like “If You Bought $5 of Bitcoin 7 Years Ago, You’d Be $4.4 Million Richer” all over the internet, it’s forcing many of us to contemplate whether we should put some of our hard earned money into cryptocurrencies.

But then, just as you are about to take the plunge, your eye catches “Bitcoin is a fraud” or “ICO’s are an absolute scam”. I don’t blame you if it’s making your head spin.

The truth is that many of the concepts or objects we can’t live without today were completely ridiculed when they first became popular.

Influential scientists and supposed experts, like top engineers, thought the lightbulb was an absolute sham when Thomas Edison was developing the first practical light bulb. Similarly, the first person to walk around with an umbrella in British streets was hurled with trash, and for a long time, many people had an actual fear of personal computers.

It’s a similar story with crypto coins. We’ll look at two aspects of investing, namely price volatility and risk, which many investors consider when sizing up investment opportunities, to see why investing in digital currencies is a much better idea than you might think.

Price volatility

The first thing all opposers to cryptocurrency investing will tell you is that it’s too volatile. But compared to more settled commodities like gold, in the long run, it’s not as volatile as the naysayers would have you believe.

At its lowest point in 2017, Bitcoin traded at just below $800. This is compared to the highest every $5,770 of today, October 13, which is a difference of about 720%. Saying that Bitcoin hasn’t traded below $1,000 in 7 months, and even then it was just for 4 short days. It has its ups and downs but overall, in the long run, it’s on an upwards trajectory, slowly climbing back to that all-time high and beyond.

It is important to remember that in the short-term, all investments will show some sort of volatility. What the price does in the long-run is what matters most to serious investors.

If we look at the price of Gold (which some would suggest is one of the best long-term investments), it paints a far more volatile picture over the last year.

Ethereum traded at $7.98 on the 1st of January 2017. At its highest in June, it reached $410, that’s a 5,137% difference. Like Bitcoin, Ethereum has its ups and downs but again, it’s on an upwards trajectory overall in the long-run.

Granted, these are just two of the more than 1,000 cryptocurrencies on the market today, but if you are new to investing in digital coins, this is likely where you’ll start.


When investors look at risk, they’ll often compare it to the potential reward to see if the investment is worth it. Also remember, there’s not one investment on this planet that doesn’t carry some sort of risk.

Saxo Bank analyst, Kay Van-Petersen, predicts that in 10 years’ time cryptocurrencies will account for 10% of the average daily volume of fiat currency trade and that the price of Bitcoin will hit $100,000. That means if you invest in one Bitcoin today at $4,800, your investment will increase by more than 2,000% in 10 years. No other investment can come close to this kind of potential return.

Investing Haven predicts Ethereum will to rise to $1,000 for 2018 and beyond. That means you can potentially more than double your return in a few short months, with a steady increase predicted over the long run.

In both instances, the risk is well worth the potential return.

If in doubt, look at what the people in the know are doing

If you’re still on the fence and unsure whether or not investing in cryptocurrencies are a good idea, take the emotion out of it and look at what the experts are doing. These people are known for making wise investment choices.

Richard Branson, for example, is a big supporter of Bitcoin and the underlying technology, Blockchain, while Bill Gates has long been shouting the praises of digital coins, calling it “better than currency.”

Billionaire, Tim Draper has said to have made more than $110 million with his Bitcoin investments and hedge fund manager, Michael Novogratz, said he’d happily invest 10% of his net worth in digital currencies, including Bitcoin and Ethereum.


Of course, as with any investment, it’s never wise to put all your money into one basket but as part of a balanced portfolio, cryptocurrencies are a worthwhile consideration.

Campbell Harvey, a professor of finance at Duke University, said: “For me, though, I look at Bitcoin not just as a currency, but what it could do in the future in other applications.”

And that’s the unique selling point of digital coins, and why it’s likely to increase in value over time. It goes beyond just a currency. It has the potential to revolutionize all industries as we know it.

When looking to invest in cryptocurrencies, look a bit further than the surface facts that most skeptics will happily shout about and realize that investing in digital currencies is a better idea than you might think. Also, make sure you’ve chosen the right platform to do so.To find out more go to

About the author:  Vladimir Smerkis, the managing partner of Tokenbox

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