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Thursday, August 30, 2018

Investorideas.com - #CryptoCorner: #Bitcoin Loses $7K Support, #Huobi Completes Acquisition of Pantronics, Bitcoin Mining Pool BTC.com Announces #Ethereum Mining and South Korea's Jeju Island Seeks to Become #Blockchain Hub

Investorideas.com - #CryptoCorner: #Bitcoin Loses $7K Support, #Huobi Completes Acquisition of Pantronics, Bitcoin Mining Pool BTC.com Announces #Ethereum Mining and South Korea's Jeju Island Seeks to Become #Blockchain Hub





#CryptoCorner:
#Bitcoin
Loses $7K Support, #Huobi Completes Acquisition of Pantronics,  Bitcoin
Mining Pool BTC.com Announces #Ethereum Mining and South Korea’s Jeju Island
Seeks to Become #Blockchain Hub

August 30th #CryptoCorner and Podcast sponsored by Crypto
payment tech, #Flip @FlipToPay ($NXTD) 
and #AI, #IoT, #Blockchain, #Crypto Technology Company  Gopher Protocol (OTCQB: $GOPH) and Genesis
Exchange and Wallet  App

Point Roberts, WA, Delta BC,  August 30, 2018 - Investorideas.com, a leader
in crypto and blockchain investing news reports on what’s driving the
cryptocurrency markets with today’s edition of Crypto Corner, now available in
podcast.

Listen to today’s Crypto Corner Podcast:


Subscribe to Podcast RSS feed:


August 30, 2018 Crypto Corner

Bitcoin Loses $7K Support, Huobi Completes Acquisition of Pantronics,
Indian Central Bank to Explore CBDC, Bitcoin Mining Pool BTC.com Announces
Ethereum Mining and South Korea’s Jeju Island Seeks to Become Blockchain Hub

The total market capitalization is down a bit
today, having fallen about $9 billion USD from $231 billion USD this time
yesterday, to $222 billion USD at press time, according to data from
CoinMarketCap. Bitcoin (BTC) has lost support at $7000 USD after
remaining above it since Tuesday, and is now trading at just under $6900 USD. Most
of the top 100 listed altcoins are in the red.

Crypto exchange giant Huobi has completed the acquisition of public company Pantronics Holdings (HKSE:1611.HK) for an estimated $77 million USD.
The company took control of 215,576,000 sales shares, or 71.67 percent, of
Pantronics on the date of the sale and purchase agreement on August 21. As was
reported
previously on
Investorideas.com, the move could see Huobi itself becoming a public company.

The Reserve
Bank of India (RBI), the country’s central bank, released its
annual report yesterday,
wherein the possibility of a central bank digital currency (CBDC) was
discussed. The document cited costs associated with traditional currency and
the growing popularity of digital alternatives as reasons for creating a new
committee devoted to exploring CBDC.

Rapid changes
in the landscape of the payments industry, along with factors such as emergence
of private digital tokens and the rising costs of managing fiat paper/metallic
money, have led central banks around the world to explore the option of
introducing fiat digital currencies. In India, an inter-departmental group has
been constituted by the Reserve Bank to study and provide guidance on the
desirability and feasibility to introduce a central bank digital currency.

Bitcoin mining
pool BTC.com announced in a
press release that it has
opened an Ethereum (ETH) and Ethereum Classic (ETC) mining pool. BTC.com was
responsible for 21 percent of newly-mined Bitcoin last year. According to the
press release, miners will now be able to switch hashing power between pools in
response to the market. BTC.com’s mining pool director, Zhuang Zhong, explained
how introducing Ethereum mining will expand mining activity.

"…Ethereum
provides multiple different reward incentives to contribute hash power to the
network. We hope to expand Ethereum's network by relaying those rewards through
our FPPS system. By competing to provide the best reward margins along with our
product development, we expect mining operations to grow to 12% of ETH total
hashrate in the next 12 months."

The governor
of South Korea’s Jeju Island, Won Hee-ryong, has petitioned the country’s
president, Moon Jae-in, to allow the island to become a blockchain hub,
according to a report from
CoinDesk. Won said
that Jeju Island could create more than 1600 new jobs if companies were
permitted to launch ICOs in the region.

"If Jeju Island is designated as a blockchain
special zone, international standards and regulations on cryptocurrency should
be created to ensure that blockchain and crypto companies that are promoting
sound businesses both domestically and abroad can conduct businesses in the
province."


Sam Mowers, Investorideas


Read other editions of the 
Crypto Corner

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Crypto Corner Sponsors:

Flip™ is the creation of Fit Pay, Inc., a leading provider of
cutting edge payment technology and a subsidiary of NXT-ID (
NASDAQ: NXTD).
By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders
to seamlessly exchange their cryptocurrency for US dollars and store that value
on a contactless payment device that can be used to make purchases at millions
of retail locations. 
https://www.fliptopay.com/



Gopher Protocol Inc. (OTCQB: GOPH) is a development-stage company
which consider itself  a Native IoT creator, developing Internet of Things
(IoT) and Artificial Intelligence enabled mobile technology. Gopher’s exclusive
licensor filed a non-provisional patent covering a proprietary GRC
Blockchain-Based Radio Generated Digital Currency on June 19, 2018 . Additionally
 Gopher’s  Avant! AI  technology has been designed to supervise
the Blockchain System to keep records of all data exchanges. The AI system will
be embedded as an integral part of Gopher’s digital coin Blockchain system.
For
more info on Gopher  and its technologies visit
http://gopherprotocol.com/




GBT is a powerful cryptocurrency
centralized / decentralized exchange which will include a broad range of
services and benefits from cryptocurrency and blockchain markets development,
while avoiding complications and risks arising from crytocurrency ownership,
transfer, and exchange.
The powerful GBTDesk aggregator ensuring exchange of
cryptocurrencies for fiat currencies under smart contracts without
intermediaries is a key element of GBT.
Download
the Genesis Exchange and Wallet App at Google Play


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#Tech News: Gopher Protocol (OTCQB: $GOPH) Commences Development of Deep Neural Network


#Tech News: Gopher Protocol (OTCQB: $GOPH) Commences Development of Deep Neural Network



San Diego, CA - August 30, 2018 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher"), a company specializing in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, including a global platform with both mobile and fixed solutions, is pleased to announce it started the development of Avant! AI Deep Neural Network (DNN) for advanced object detection. Object recognition is a computer vision technique for identifying objects in images or videos. Object recognition has become a key feature of deep learning and machine learning algorithms in the past decade. As we move forward with Avant! AI Engine development, a comprehensive image analysis is needed in order to detect and identify objects as having more precise and detailed object recognition is a crucial task especially for autonomous driving, anatomical/facial recognition and robotics. Avant! will need to precisely define an object's geometry in order to classify and identify them. In addition, it needs to locate objects contained within images, which is called object detection process. Gopher started the development of DNN, a machine learning based system, in order to achieve a prominent state-of-the-art object detection system. The system will capture object's parts, ratios and geometrical relations.



"The main challenges in objects detection is to define the representations and kinematics of the objects, expressing them as graphical models. This functionality will be achieved by our machine learning DNN (Deep Neural Network) model for Avant! AI," stated Danny Rittman, Gopher’s Chief Technology Officer. "Our Deformable Part-based system will consist of broad class of proprietary detection algorithms, used on images in order to achieve efficient classification and objects recognition," Dr. Rittman continued. "Using discriminative learning technique of graphical models allows for building high-precision part-based models for wide variety of object classes. We expect that our deep learning architectures will have the capacity to learn more complex models and produce robust training algorithms for Avant!. When fully developed, these architectures are expected to allow Avant! to recognize objects without the need for human intervention. Upon development, we expect the technology to provide a state-of-the-art technology for Avant! AI, enabling it to "see", locate, classify and identify objects, which we believe it will use in a wide variety of Gopher's future applications."

About Gopher Protocol Inc.
Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher”) (http://gopherprotocol.com/) is a development-stage company which consider itself Native IoT creator, developing  Internet of Things (IoT) and Artificial Intelligence enabled mobile technology.  Gopher has a portfolio of Intellectual Property that when commercialized will include smart microchips, mobile application software and supporting cloud software.  The system contemplates the creation of a global network.  The core of the system will be its advanced microchip technology that can be installed in any mobile device worldwide. Gopher envisions this system as an internal, private network between all enabled mobile devices providing shared processing, advanced mobile database management/sharing and enhanced mobile features.

Corporate Site: http://gopherprotocol.com
Consumer and product website for Guardian Patch: http://www.guardianpatch.com/.

Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements".  Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov).  In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products.  The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change.  However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so.  These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

Contact:
Gopher Protocol Inc
Dr. Danny Rittman, CTO
VM Only 888-685-7336

Source: Gopher Protocol Inc,

Gopher Protocol, Inc. (OTCQB:GOPH) is a featured tech stock on

More info on GOPH at Investorideas.com Visit: http://www.investorideas.com/CO/GOPH/


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Wednesday, August 29, 2018

SoundView Technology Group Research Note: NXT-ID, Inc. ( $NXTD); 2018 IS ON-TRACK





SoundView Technology Group Research Note:  NXT-ID, Inc.  ( $NXTD); 2018 IS ON-TRACK



SoundView Technology Group (Boston) –August 29, 2018:  SoundView Technology Group (http://soundview.co) releases the following company update for NXT-ID, Inc. (NASDAQ:NXTD).
The full report can be read at:


Nxt-ID (NXTD $1.73)
2018 is On-Track
Kris Tuttle, kris@soundview.co


Highlights

We published our 2018 outlook for Nxt-ID in April and the most recent quarterly report showed consistent progress and updated expectations for 2H 2018 and early 2019.
Here are the major highlights:
1.    The company refinanced the last major tranche of their high cost debt which has resulted in dramatic savings in interest.
2.    Fit Pay revenues are becoming material as Garmin has ramped the number of devices with Fit Pay to 10.
3.    The new “Flip” payment device is set to debut soon, and we’ll get our first indications of demand in Q3.
4.    LogicMark has remained a steady and profitable grower with a number of new digital health-related products scheduled for release during the next six months.
We expect to see some additional Fit Pay ODM announcements later this year. We spent some extra time visiting the Fit Pay division of Nxt-ID and get into some greater detail below about their position and long-term growth opportunities for them – spoiler alert – the biggest market may not be smart watches.

Fit Pay

Garmin has added “Garmin Pay” more deeply into their product portfolio with a total of 10 in the lineup now with more expected as the year progresses.
The other part of the Fit Pay expansion is just as important but less noticeable. Payments is a global business and Fit Pay enjoys a large footprint, especially relative to their size. Today the company is in 25 countries and over 170 banks with the numbers growing every month.
We expect to hear about some significant new customers for Fit Pay in 2018. These will also reinforce the positioning Fit Pay as a platform and a strategic asset. We were a little disappointed to see Fossil Group/ Michael Kors recently launch with Google Pay but there are still many more opportunities.
At this point Fit Pay is generating meaningful, consistently-growing revenue that should begin to drive top line growth rates higher, especially in 2019.
Investors are eagerly awaiting the introduction of the new “Flip” device which can be used to make payments and be loaded from a crypto currency account. There is definitely high interest in being able to make easy payments at the POS with cryptocurrencies like Bitcoin. To be fair the Flip will rely on “loading” funds from your Bitcoin account which are then spent as you might with a gift card or an EZ Pass.


Over time though we expect to see the Flip more tightly integrated with crypto currencies and wallets. For example, we recently saw a demonstration of something called Button Wallet that creates a multi-currency crypto wallet in seconds in Telegram. It’s just a proof of concept but it works.
The Flip business model is based mostly on recurring fees (although there is a $29 price for the Flip itself.) Consumers will be asked to pay at least $1.99/month in account fees and a 3% exchange fee on Bitcoin loads. These fees are reasonable to start but there is certainly room to reduce these fees in spur demand based on consumer response.
With a few additional innovations the Flip and the Fit Pay software could do something much bigger. For example, it seems doable to be able to use a Bitcoin QR code to load the Flip more directly. Combined with the expanding availability of crypto ATMs it would give consumers something much closer to “digital cash” than what we have today.

Valuation and Stock Conclusion

The Q2 report was close to our estimates. However, we took some time to substantially revamp our model to focus it on Fit Pay and LogicMark.
When the dust is settled the new model is lower in terms of total revenue but much higher in terms of profitability. Even though the company will have a meaningful amount of recurring revenue given the Fit Pay business model we are not adjusting the PE multiple.
Investors should also appreciate that in Q3 we should see YoY revenues return to strong positive growth.
Our updated model is below. The changes push our IV estimate up slightly to $11.81 per share. We also note that we’ve factored in a modest amount of additional equity capital. We have no idea what the company plans in terms of capital raising but our model suggests they could use some additional capital before they get to sustainable profitability in 2019.



ABOUT SOUNDVIEW RESEARCH
SoundView conducts independent research – mostly on emerging technologies. We like thematic-driven companies where technology is involved and use analysis to identify the most promising investment opportunities.
Our business model is combination of subscription fees along with some direct investments and advisory fees. We measure our success by the quality of our analysis, accuracy of the conclusions and the size and influence of our audience. We apply our own proven approach to valuation that we call intrinsic value (IV) for informing investment decisions and optimizing portfolio management.

Additional Disclosures

SoundView serves as a strategic advisor to Nxt-ID and provides advisory and other services including strategy advice, company positioning, investor communication methods and ongoing technology and market research. See our full page of practices and disclosures which should be attached to this report. If not, it is available at http://soundview.co/practices
More disclosures

Contact:
Kris Tuttle
SoundView Technology Group
617-828-6462

Media Contacts:
Chris Orlando
+1-760-468-7273

D. Van Zant
+1-800-665-0411

Visit this company: nxt-id.com3d-id.netwocketwallet.com/

More info on NXTD at Investorideas.com Visit: http://www.investorideas.com/CO/NXT/

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Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: Nxt-ID, Inc. (NXTD) is a long term paid news publication and PR client of Investorideas.com. Renewed October 1, 2017 - see details at http://www.investorideas.com/About/News/Clientspecifics.asp

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