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The Abyss Platform

The Abyss Platform Partners With Epic Games

Epic Games—the developer behind the global success Fortnite—is partnering with blockchain game distribution platform, The Abyss. The company made the announcement earlier today.

Epic Games and The Abyss Blockchain

The Abyss blockchain is a new digital gaming platform that offers MMO’s (Massively Multiplayer Online games) and other video games. Offering a Platform-as-a-Service (PaaS) business model, it gives indie-studios the ability to develop, run, market and manage their games. There is no interference from a third party.

Further, users can generate income via “the unique multilevel referral program which serves as an additional revenue stream for gamers and developers.

Epic Games Involvement – UE4

Now, The Abyss is partnering with Epic Games. The platform is offering its partner developers licensing, maintenance and support for Epic’s Unreal Engine 4 (UE4).

Released by Epic in March 2014, UE4 has become one of the most widely used engines for commercial game development. In essence, it is a tool used by game developers to create real-time, high-fidelity experiences as it offers the most advanced graphics out there.

In return for use of UE4, developers on The Abyss platform will be required to make quarterly payments, the equivalent to 5% of their returns, once they earned over $3,000.

Developers will also receive marketing support from The Abyss if they do use UE4 to develop their game. For example, the platform will help to attract early players for new games, and offer extra traffic for already released ones.

Unreal Engine Developers

On the partnership, Mike Gamble, Head of Games Licensing EMEA, for Epic Games, said:

“We’re delighted that The Abyss has chosen to provide additional resources to Unreal Engine developers and publishers on its platform. UE4 scales to hundreds of millions of players, and access to premier support and connections with the global community can be critical to success of large-scale games with live operations.”

>>Bitcoin Price Is On The Rise According To Brian Kelly On Fast Money

By offering UE4, The Abyss is hoping to attract more gaming studios and games to its blockchain. And further, as Abyss users are able to accept the native ABYSS token for payment and purchases, the platform is aiming to help Unreal Engine developers to adopt cryptocurrency.

What do you think? Have you heard of The Abyss platform? Sounds pretty cool!

Featured Image: Deposit Photos/opturadesign

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bestmixer.io

Bestmixer.io Seized by Europol | Money Laundering

Europol indicated that on Wednesday the Dutch Fiscal Information and Investigation Service had seized Bestmixer.io which is a bitcoin transaction mixer. A statement from Europol referred to the action as the “first law enforcement action of its kind against such a cryptocurrency mixer service.”

Europol, FIOD and Luxembourg Authorities Seize Bestmixer.io

The operation that was carried out jointly by Europol, FIOD and Authorities in Luxembourg was started in June last year after Bestmixer services were flagged by Internet security firm McAfee. Following the crackdown, six servers were seized in Luxembourg and the Netherlands.

Bitcoin transaction mixer websites such as Bestmixer.io operate by pooling together funds and then creating a new web of transactions with the aim of obfuscating their source. In essence, what the coin mixer users do is to send funds plus an extra fee and then they will receive all their money from a different source. This makes it difficult to trace the original source of the funds. Bestmixer is a leading cryptocurrency mixer that offers cryptocurrency mixing services for Litecoin, Bitcoin Cash and Bitcoin Core.

Bestmixer has transacted 27,000 bitcoins since its launch

According to Europol, the funds going through Bestmixer.io are said to have had a criminal origin or a criminal destination and the mixer was being used to launder and conceal criminal transaction of funds. Since its launch in May 2018 Bestmixer.io had mixed an estimated 27,000 bitcoins achieving a turnover of approximately $200 million.

Bestmixer.io blatantly advertises their money laundering services on the site where they have described the anti-money laundering policies but go ahead to explain how mixing could help avoid the regulations by making money untraceable and anonymous. Offering this service is illegal in most countries.

CipherTrace CEO, Dave Jevans stated that the crackdown indicates that increase in regulation on crypto-to-crypto services.  This comes at the back of European AMLD5 regulations and US FinCEN views that indicate that cryptocurrency services are money business services and as such should be subject to regulations.

Featured Image: bestmixer.io

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Solutions Risque

Solutions Risque | Security & Investigations Firm Joins Crypto Market

Montreal, Quebec, Canada–(May 23, 2019) – Solutions Risque Investigations & Security Services, a security and investigation firm headquartered in Montreal, Quebec, Canada, has been offering executive protection services since 2017 to crypto companies and professed “crypto influencers” who have been cast into the limelight and increasingly at risk of crypto crime. Solutions Risque is showing an expanded concentration and niche security expertise working with individuals in the crypto community.

Quebec’s Support for Crypto Miners

On April 29, 2019, the province of Quebec’s energy board, Régie de l’énergie, ask Hydro-Quebec, North America’s largest producer of renewable energy offering some of the lowest electricity rates in North America, to allocate a total of 668 megawatts to crypto miners.  To date, most crypto miners were located in China but the Chinese government has been threatening an outright ban on crypto mining. The news coming out of the Canadian province has led to a dramatic influx in interest by crypto related companies wanting cheap electricity and support from a local government making Quebec, Canada the global hub for Bitcoin mining.

A spokesman for Hydro-Quebec confirmed the industry shift from China to Canada:

“Of the world’s top five largest blockchain players, we have at least three or four” – David Vincent, director of business development Hydro-Quebec. Chinese based Bitmain Technologies, operates the world’s largest and second largest Bitcoin mining pools in terms of computing power, confirmed that the company was in talks with Quebec’s energy board, with an eye towards identifying potential bitcoin mining sites in the province.

A spokesman for Solutions Risque confirms the company’s interest:

“Crypto has enormous growth potential for the coming decade and Solutions Risque will continue offering executive protection, investigations and corporate security services to those in the crypto space.” – Jonathon Bachar

About Solutions Risque Investigations & Security

Solutions Risque, is a fully bonded, insured and licensed Montreal private investigation and security agency granted by The Bureau de la sécurité privée. Our team comprises of experienced professional Montreal private investigators from the public and private security industry that adhere to a high standard of protection and professional ethics. With over 35 years of experience, our Montreal and Quebec expertise in surveillance, fraud prevention, private investigation and protection services are often solicited by other provinces and states.

For More Information Contact:
Solutions Risque Investigations & Security
www.SolutionsRisque.com
info@SolutionsRisque.com

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Ethereum

Ethereum to Maintain Uptrend | Analysts Predict $300

Following Bitcoin’s rally in recent weeks, there has been a tremendous upward momentum for major cryptocurrencies such as Ethereum that have gained significantly from their yearly lows to the current prices.

Ethereum Headed to $300

Analysts indicate that Ethereum is likely to maintain the current momentum and thus extending its rally towards $300 mark in the near term.

Currently, Ethereum is up about 2% from its $245 daily low and it trading at $251. When considering Ethereum’s price action over time the digital currency has significantly gained from its lows in 2018 of just below $90 and further up the 90-day lows of about $130.  The recent momentum of Ethereum is a result of Bitcoin’s recent rally that saw the price of Bitcoin surge to almost $8400 from lows of around $3000.

The upward surge of Ethereum has allowed it to establish some kind of bullish technical formations which will enable it to surge even higher in the future. The most remarkable formation being sought-after is “golden cross” which will lead to Ethereum surging even further.

In a tweet, Etherdamus confirmed to his over 10,000 followers that Ethereum’s golden cross had been confirmed and in the near future it is expected to show some bullish signs.

Analysts believe Ethereum will maintain upward momentum

Ethereum is thus destined for great highs following this momentum and one analyst holds that there is a potential of the cryptocurrency testing $270 and a break above this mark likely to lead to significant new highs.

Another popular analyst on Twitter, The Cryptomist set a price target of around $269 in the near term from the current support region of $249.

The upward movement of Ethereum and other Altcoins in the near term depends on whether BTC will continue rallying to new highs or it finds resistance and consolidates at its present price levels. A pullback is likely to effects the current market momentum of cryptocurrencies.

Analysts and traders will soon understand where Bitcoin and crypto markets are headed next.

Featured Image: Depositphotos/ akulamatiau

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Bitcoin Price | Brian Kelly Tells CNBC Watch for Rising Price

Bitcoin enthusiast and crypto fund manager Brian Kelly has told CNBC that Bitcoin price could rise further in the coming months.

His prediction isn’t unfounded; there is an impending supply cut on the horizon and this should help to push prices higher.

Brian Kelly Predicts Bitcoin Price will Rise

In an interview on CNBC’s Fast Money program yesterday, May 21st, Kelly explained that “the halvening,” which is due to take place in 2020, will cut mining rewards in half.

As such, he expects miners to begin hoarding BTC if they aren’t already doing so. This increased demand should see Bitcoin price rise as the supply becomes lessened.

Further, the coin is being spurred on by increased industrial adoption and use in retail.

Kelly described the four-year cycle that leads up to “the halvening,” saying:

“You generally have a rally a year into it, and a year out of it. And so we’re just at the beginning of that stage […] a supply cut is generally bullish.”

The fund manager goes on to say that investors should dedicate between 1% to 5% of their portfolio to cryptocurrency while prices remain stagnated around the current levels of $7,900.

Brian Kelly Predictions

Kelly has been a guest on Fast Money several times where he has made predictions for the future of Bitcoin and cryptocurrency.

Recently, the crypto-analyst stated that an approval for a Bitcoin Exchange-traded fund (ETF) was most likely to come in February 2019. We are still waiting on that one, however.

Other analysts believe there are several reasons for BTC’s recent surge. One idea suggests the United States and China trade war could be a reason. Another impetus could be the increased adoption of the mainstream. For example, Ebay recently caused a stir when photos of its banners at the Consensus conference in New York, leaked onto the web.

Saying: “Virtual Currency. it’s happening on Ebay”, the banners made many believe that the e-retailing giant is about to enter the cryptocurrency space. Ebay has yet to confirm anything, however.

Featured Image: Deposit Photos/stevanovicigor

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