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CashBet CEO Dr. Mike Reaves Talks ICO for CBC



Mike Reaves is the CEO of CashBet, which is the mobile-first real-money gaming platform changing the gaming industry with its cryptocurrency CBC coin.

Blockchain tech has many applications for the gaming industry and CBC coin is one of those new additions that will definitely change the game today. In an interview with the TechBullion, Dr. Reaves shares his thoughts about the CBC coin ICO and what will follow in the future.


Hi Dr. Mike, please tell us how you got started in Blockchain and Cryptocurrency?

Dr. Mike :We launched five years ago in the iGaming industry to support operators and content providers with a mobile-first real-money gaming platform. Since then, blockchain and cryptocurrencies have grown, particularly as a use case for the iGaming market. Even as we’ve grown and supported tens of millions of wagers on our platform, there are still hundreds of millions of players globally who could be playing on our software, but they’re under served by the banking industry. Although our engineering team have been dabbling in crypto for years, and we are regulated by tier 1 gambling commissions such as the UKGC and the AGCC, these bodies do not permit iGaming operators to take cryptocurrencies. They deem it equivalent to cash and there is no anti-money laundering (AML) framework in place.  That changed last year when the Isle of Man Gambling Supervision Commission (IOM GSC) put an AML framework in place, legalizing the deposit and wagering of cryptocurrencies. At that time, we decided to adopt cryptocurrency into our platform and expand into emerging markets.

What is “CashBet”?

Dr. Mike :CashBet is the only complete, crypto-ready, mobile-first iGaming platform with an established, profitable presence in regulated gaming markets. Launched in 2012, CashBet has seen phenomenal player growth, tens of millions of dollars of wagered, gaming licenses in multiple jurisdictions, and customers from all facets of iGaming (real-money, social, and skill-based) from around the world.

When is the pre-sale and Public sale for your ICO and what is your hard cap?.

Dr. Mike :  Our pre-sale period starts on January 24 and ends on February 20. The public sale is expected to begin March 20 and will continue until April 27. The ICO will end early if the hard cap is reached prior to the end of the public sale. The hard cap is the 430 million tokens being allocated to the token sale. Once those tokens are sold out, no more will be offered.

Why should we invest in your token and how can token holders profit from it?

Dr. Mike :CashBet Coins (CBC) will democratize access to world-class entertainment for those underserved by the centralized banking establishment. CBC will be the currency of choice on CashBet-powered casinos, which are used by operators to pay licensing and content fees, and wagered by players on great games.  Operators and partners using the CashBet platform (including our CryptoRGSTM gamedistribution platform) are required to accept CBC for deposit, wager, and for payment of royalties.  Token holders are incentivized by our generous VIP program to hold tokens in their ERC20 wallets using time-locked smart contracts.  The casino burns 25% of its profits on a quarterly basis.  All of these contribute to demand and scarcity, which will help promote stable, long term value for CBC tokens.

Note that CashBet Coins are not designed to offer earnings. CashBet Coins provide concrete value and advantages to CashBet casino partners, players, and owners. These benefits, plus CashBet’s currency management policies and CashBet’s distinct advantage as the only licensed profitable cryptocurrency powered casino, will back its valuation on public exchanges.

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Ether Donation to Anti-Aging Research




Vitalik Buterin has made a donation of $2.4 million worth in Ether to the SENS Foundation, which is a charity fund that focuses in anti-aging research.

Ether Donation

The foundation was co-founded back in 2009 by Audrey de Grey. She is a gerontologist focused on the research of rejuvenative therapies that will extend people’s natural lifespan.

Buterin, was qoted in a press release as a “fan of Aubrey’s work since he first read Ending Aging from de Grey as a teenager”. He said:

“I am happy to have been blessed with the opportunity to personally support SENS’s efforts. Their focus on creating solutions to the diseases of aging, one of the greatest problems facing humanity, is very much in line with my goal to positively impact the lives of millions of people around the world.”

The SENS Research Foundation has already received two large donations totaling $2 million in Bitcoin (BTC) from the anonymous Bitcoin-only charity fund, Pineapple Fund — the first million dollars in December 2017 and another $1 million in BTC on Feb. 2.

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Bitcoinist Talks with David Drake




In an interview with Bitcoinist, David Drake is the Chairman of LDJ Capital talked about his experiences with cryptocurrencies, his thoughts on ICO quality, and the potential consecuences of regulations in several countries across the world

Bitcoinist: David Drake

Bitcoinist: What is LDJ Capital? How much capital do you currently manage? 

David Drake (DD): LDJ Cayman Fund Ltd is a $200M cryptocurrency fund across the whole Capital stack.

I am also a board advisor for several Initial Token Offerings. Top 15 ICOs I advise raised $500,000,000 in the last 6 months.  Fortunately, I have 25 employees managing daily interactions with the 20 ICOs I help.

I certainly feel like a Lucky Golden Token.

LDJ Capital is a financially integrated family office with a global footprint and local presence in 12 countries. We raise interest from our family office resources and from our LDJ Capital team members, who include the likes of a former chairman of Nasdaq and CEO of Intel Capital. We are taking on a few more ICOs on a road trip in the next few months. 

Bitcoinist: Is your fund involved in cryptocurrency trading? 

DD: Yes, we’re involved in investing in crypto trading, as well as long-term investments but I’d say 80% of our trading you buy and hold as we are long-term players and looking in on the line of strong fundamentals.

After having underwritten and worked with 250 different funds we have finally learned how to understand and underwrite the best of the best. I made it 12 xx on quantstamp making millions.

Bitcoinist: What is your experience with Bitcoin/cryptocurrencies? 

DD: My job is best performed as a global strategist and board advisor. In parallel 150 family offices, crypto traders and hedge funds globally rely on my opinion. Thus, I need your ICO quality to be institutional-grade. 

Bitcoinist: What determines whether an ICO is “institutional-grade”?
DD: Equity capacity, revenue, existing business history, leadership, composition, regulatory framework, brand recognition.
Bitcoinist: What are your thoughts on crypto in 2018 so far? Typical January price correction across the board or something more serious? 

DD: I think we will have Regulators stirring up the marketplace several times a week for the next two months until the SEC comes out with a direction and institutions are starting to invest.

At that point, prices will go off and I think that’s going to happen around March and April.

Bitcoinist: What kind of impact will Facebook no longer allowing crypto ads have on the industry? Is this a good thing (e.g. no more BitConnect ads) or will it have a negative impact? 

DD: I think the industrial address will slow down the growth and the hype of the business, and that’s a good thing.

Bitcoinist: How about China banning ICO’s and clamping down on its mining industry? Is this the end of China being a dominant player in crypto? 

DD: The Chinese moved their business to Japan, Korea, Hong Kong and Shanghai. Chinese exporters are getting paid in foreign fiat so they’re still very big exporters of capitals as they export their product. 


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Cryptocurrencies is not Illegal in India




Finance Minister Arun Jaitley has made some comments on the fact that cryptocurrencies are completly legal in India and that the government will move to make use of the star technology, Blockchain.

“…The Government does not consider crypto-currencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system. The Government will explore use of Blockchain technology proactively for ushering in digital economy.”

In an interview with, Khurana clarified some of the doubts related to the issue with cryptos in India.

Interview with Yourstory: India

YourStory: What do you think about the FM’s mention on cryptocurrency in the Budget?  

Ajeet Khurana: We are extremely happy that something like cryptocurrency found mention in the Budget. It only goes on to say that the impact it has is so widespread, and there is an understanding that it exists in a strong way.

However, on the take of it not being a legal tender, we completely agree with the government on its  position.

We understand the concern around the illicit use of cryptocurrency and have maintained this position. Cryptocurrency enterprises have been maintaining complete transparency through KYC and other procedures to reduce the illicit use of these assets.

YS: The FM stated that cryptocurrency is not a part of the ‘payment system’. What is your view on this?

AK: The payments system includes a lot of things like the settlement mechanism, and the banking system. In recent times, digital wallets and other payment mechanisms have been added to the entire scenario.

What the Finance Minister might be saying is that cryptocurrency is not considered to be a part of these payment systems. Similarly, gold is not part of a payment system, but people still barter assets like gold for goods, as long as both parties record the transaction. It is an asset barter transaction.

There is a little subjectivity on the matter. Can an individual swap cryptocurrency for another cryptocurrency?

We have to wait for clarification on what the Finance Minister meant when he mentioned payment system.

YS: What should the end-investor in cryptocurrency take from this announcement?

AK:  There has been no indication by the government that it is banning exchanges. Neither does it stop people from holding a cryptocurrency. It is just saying that the government doesn’t recognise cryptocurrency as money, which no country in the world does except Japan.

YS: We see a powerplay when it comes to banks pulling out from crypto exchanges in the country. Isn’t this hinting at something? 

AK: We have had this discussion, and what we are sure of is that banks who have taken the action of not providing accounts or services to these exchanges have done it on their own will.  They haven’t been instructed by the RBI to do so, and the Central Bank hasn’t issued any circular in this regard.



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