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Showing posts from January, 2018

Analysing The Success Factors Of ArcBlock

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ArcBlock is a ICO that is attracting a lot of attention from investors and crypto observers in recent months. The project is gaining members onto their telegram group like no other ICO group and investors are all lining up to throw money at ArcBlock. Their KYC is through the roof. This is a likely sell-out token generation event. Why are they so successful? As I read their whitepaper, I have come to realize that this team is attempting to solve blockchains’ inherent problems of speed, scalability and mainstream adoption in a very innovative manner. They are not building a brand new blockchain to add to the thousands in the crypto space but instead they are developing an ecosystem whereby dev will be incentivize to contribute to the platform and solve the blockchain challenges together. They are also going to build BlockLets to allow dev to connect to any blockchain; and Blocklets are the heart of ArcBlock, a Decentralized Applications (DApps) building components. ArcBlock system of

Mainland Chinese can now withdraw cash from 90% of Macau ATM – How will this impact Dragon?

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Back in December 2016, news of daily ATM withdrawal limits sent Las Vegas Sands Corp, Melco and Wynn 11 percent to 14 percent lower in a single day but that ultimately proved largely ineffective in crimping the gambling demands by Mainland Chinese in Macau.   http://www.ggrasia.com/mainlanders-can-now-use-90pct-of-macau-atms-regulator/ At the same time, only ATMs with ‘know your customer’ (KYC) functions can allow withdrawals for the Chinese customers. These functions include a reader for the official identity card issued to each mainland resident, and a camera for customer face recognition. At this moment, 90% of the ATMs have such functionality and will enable the Chinese customers to withdraw cash at Macau and be able to gamble or shop in Macau. There is an annual CNY100,000- (US$15,366-) limit per person for such overseas ATM withdrawals. How will this impact Dragon and DRG? Will the ability to withdraw cash in Macau diminish the importance of D