VeChain officially launched its blockchain VeChainThor

The project VeChain announced that its blockchain has officially launched and it was generated by the first unit.

This is an important step on the migration path of the token network with the standard ERC20 on their own.

According to the schedule the actual migration of tokens will occur in mid-July.

Singapore blockchain project is working on the Blockchain technology-as-a-Service (BaaS) and has ambitious plans to enter the logistics market. The company’s decision is aimed at fighting counterfeiting.

VeChain recently announced that she is working with a logistics company DB Schenker to collect and evaluate data on products delivered in China.

Logistics – not the only application for VeChain. Recently, the company released an updated technical document and a “road map” that defines how its Protocol can be used for vehicles, government purposes, digital IDs, etc.

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The number of ICO in 2018 already twice exceeded indicators of last year

According to a joint report from consulting firm PwC and the Swiss Crypto Valley Association, the industry’s ICO is thriving, despite the collapse in the cryptocurrency market.

According to the report, from January to may 2018 the volume of the ICO already twice exceeded the number of all the ICO held in 2017.

Since the beginning of the year, we recorded 537 ICO, totaling over 13.7 billion dollars. For comparison, in 2017 was carried out in total 552 ICO, and the volume was just over $ 7 billion. In addition, the average amount of money collected during the ICO has doubled from 12.8 million USD (last year) to more than 25.5 million U.S. dollars this year.

Of particular note are ICO and EOS Telegram, which reached billions of marks. Telegram has attracted 1.7 billion U.S. dollars, and EOS was able to collect 4.1 billion U.S. dollars.

According to the report, the US, Singapore and Switzerland lead the list of countries where ICO, mainly due to the progress in regulation. Switzerland joined the three leaders largely due to the “crypto valley”, which is located in the city of Zug, where great attention is paid blockchain and FINTECH startups. Small countries and even individual cities such as Hong Kong, Gibraltar, Malta or Liechtenstein, have also achieved some success by copying the models of Singapore and Switzerland.

As for regulation, the authors identified three different approaches which currently prevail:

The US uses a centralized system in which all tokens offered during the ICO, are traded as securities. In Europe, on the other hand, is dominated by differential regulation. For example, FINMA klassificeret tokens into three subtypes: asset, form of payment and token-based utility that are not actually investments, but allow the buyer to get direct access to the product or service ICO project. Finally, in Asia, the regulation of very diverse and even there are cases of strict ban on the holding of ICO (China).

Regulators and traditional financial institutions are still skeptical about ICO. General Director adena Friedman Nasdaq recently announced that ICO pose “serious risks” for retail investors due to shortcomings in regulation. Earlier this month, SEC Chairman J. Clayton confirmed the position of the Agency that ICO are securities and should be regulated as such.

The post The number of ICO in 2018 already twice exceeded indicators of last year appeared first on FineCrypto.


Cryptogenic is gaining popularity among cybercriminals

In a new report by Kaspersky Labs on cyber security, there is a significant decrease in the number of cyber crimes related to extortion and at the same time, the increase in the number of cases of cryptogamia.

In its report, Kaspersky Labs has tried to answer the question: “What kind of activity is most beneficial to the criminals?”. And according to the authors of the report is cryptogenic.

This is a new way of mining cryptocurrency. Cryptogenic uses the hidden resources of your computer in the background without your knowledge. All I have to do a blackhat is load the script in your web browser.

Instead of large one-off payments received with the help of ransom, the cybercriminals use triptorelin (as a kind of hashing), you get a steady “income”.

In the report, which compared the data for April-March 2017, with the data for April-March 2018, found that the total number of cyber crimes related to extortion fell by 30 percent, while the number of recorded cases of cryptogamia increased by almost 45%. And the total number of people who have suffered from cryptogamica equals approximately 2.7 million.

Report McAfee Labs confirms this trend, in particular it says that the number of cases of cryptogamia increased by 629 percent in the first quarter of 2018 compared to the previous quarter.

Cryptogamia cases occur worldwide, and the police of Japan even managed to uncover one thing associated with this type of crime.

The post Cryptogenic is gaining popularity among cybercriminals appeared first on FineCrypto.


Someone sent $ 300 million in bitcoins, paying a Commission equal to 0.04 US dollar

Forums at Reddit’s “red-hot” a few hours ago, when the blockchain of Bitcoin was recorded to a multi-million transaction with a penny Board. An wallet were transferred 48 500,08799325 BTC, and the Commission was only Satoshi 675 (of$ 0.04).

At the current exchange rate this amounts to a total of almost $ 300 million, sent in a matter of minutes:

Users noted this transaction not only because of the multimillion-dollar sum, but simply because it is the proof of the functional benefits of using cryptocurrencies on the current financial market.

Often the traditional way of making such large transfers, the Commission is much higher, especially if the sender and the recipient are in different countries.

Discussion about the convenience of cryptocurrency transactions was very hot: one side believes that speed of delivery is a definite advantage of cryptocurrency to the banks, the other vehemently stresses the convenience of centralization, which is characteristic of the traditional banking system.

Another important aspect, in addition to the time is a small cost of the transfer of assets to the Bitcoin blockchain, in contrast to spending in traditional financial institutions.

Thanks to the implementation of the decisions of the second level, a bitcoin transaction could become faster and cheaper. Such technological solutions have been successful, despite criticism from other Aldanov such as Bitcoin Cash.

Roger Ver says that BCash — the best alternative for widespread use. He believes that instead of applying techniques such as Lightning or Network Segwit, it is better to increase the size of the blocks.

The bitcoin community is critical of this decision, could undermine decentralization, which said Satoshi Nakamoto.

The post Someone sent $ 300 million in bitcoins, paying a Commission equal to 0.04 US dollar appeared first on FineCrypto.


Rumor: Facebook considering to purchase cryptocurrency exchange Coinbase

A couple of days ago in the Internet appeared the stunning news that the giant social networking Facebook is going to buy Coinbase — one of the largest cryptocurrency exchanges.

This is reported by independent media and other news agencies in the UK. Anthony Cuthbertson at the Independent on June 2 in his article proved the existence of ties between Facebook and Coinbase, which is likely to indicate a future purchase.

Needless to say, the absorption of the Coinbase company Facebook would be the biggest event for kriptonyte. However, at the moment it’s just a rumor. Between Facebook and Coinbase there is a connection, but there is no concrete evidence that Facebook is preparing to acquire Coinbase. But there are several reasons to think so.

The first reason: Facebook revokes ban on advertising of crypto-currencies

One of the signs that Facebook is getting ready to buy Coinbase, is the fact that the abolition of the ban on advertising of cryptocurrency, which was imposed in January. Last week Facebook lifted the ban, allowing companies to complete the registration process for advertising on the platform.

Some people still believe that the cause is radically different: Facebook does not want to lose the money generated by the cryptographic is.

The second reason: Management Shuffle & the Blockchain Division

The next reason is more significant: last month the social network announced a major change in the company’s history, which is to run the Department who study the Blockchain technology and how to use it in Facebook. The Department reports directly to the technical Director Facebook Mike Sripper.

Third reason: One of the key figures of the reign of Facebook is a member of the Board of Directors Coinbase

Head of the Department of Facebook, studying Blockchain technology is David Marcus. Previously, Marcus was the head of Facebook Messenger. However, David is also a member of the Board of Directors of Coinbase, one of the largest and most popular in the world of cryptocurrency exchanges.

First the rumors about buying Facebook exchange Coinbase appeared in the beginning of June, when this was reported by The Economist. However, it is unclear how the publication of this information.

Meanwhile, an article in the “Independent” again raised a wave of such rumors.

“I would not be surprised by the news that Facebook is attempting to acquire Coinbase,” said FINTECH entrepreneur Oliver Isaacs in an interview with the Independent. “Whether it will agree Brian Armstrong (CEO of Coinbase) and the team exchange is another question.”

Coinbase did not respond to a request to comment on the potential merger with the social network, but Armstrong has previously stated that he hopes that the company’s customer base will ever grow to a billion people. The partnership with Facebook will become one of the fastest ways to achieve this.

“Today, we serve approximately 10 million customers, said Armstrong in a promotional video for Coinbase, filmed in March. “We would like to cover a billion people worldwide and introduce them to the use of cryptocurrencies on a regular basis.”

At Facebook, meanwhile, was over 2 billion users. The company may consider launch its own coins. Many suspect that the new research Department of the blockchain is doing it, or at least partially exploring this idea.

Of course, this coin will have a huge impact on the cryptocurrency community.

The Independent quoted a message in Facebook published by mark Zuckerberg, in which he expressed enthusiasm for the idea of launching its own cryptocurrency:

“One of the most interesting questions in technology right now relates to centralization and decentralization,” wrote Zuckerberg. “With the emergence of a small number of large technology companies, many people believe that technology is only centralizes power, not decentraliserad it.”

Zuckerberg then pointed to the cryptocurrency as one of the ways in which technology companies and users can co-exist without centralization.

“There are important counter-trends, such as encryption and cryptocurrencies, which take power from the centralized system and return it into the hands of the people.”

Following a few months can make a huge difference for the cryptocurrency space. By purchasing Coinbase, Facebook can suddenly change kriptonyte. This can also happen with the release of its own coins Facebook. But if Facebook will do both, it will be like a nuclear explosion in the cryptocurrency community.

The post Rumor: Facebook considering to purchase cryptocurrency exchange Coinbase appeared first on FineCrypto.



Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

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SVK Crypto – Daily News Blog

Top Crypto News – 29/06/2018

Neo’s Next Act? $ 700 Million Crypto Ontology Is About to Go Live


If all goes well, $ 700 million worth of cryptocurrency is about to find a new home.

That’s because Shanghai-based Ontology, a project closely tied to the “smart economy” blockchain Neo, is expected to launch its live blockchain on June 30, a step that will find one of the top 20 crypto assets finally releasing its proprietary technology.

Described as an enterprise-focused platform, Ontology is seeking to provide a high volume of fast and cheap transactions, all while helping businesses grapple with the thorny problems of interoperability and digital identity. As such, Neo is one of several public blockchains catering to enterprise that have recently or will soon go live, Tron and Vechain being other notable contenders.

However, what might distinguish Ontology’s claims is the experience of the team.

The protocol emerged from Neo, an ethereum challenger whose founder, Da Hongfei, is Ontology’s CEO. Both Neo and Ontology are subsidiaries of Onchain, which developed a private enterprise blockchain platform called DNA. Da is also Onchain’s CEO.

Meanwhile, Ontology’s founder Li Jun told CoinDesk that his company and Neo are co-funding work on API standardization, shared smart contract standards, and “cross-chain technology innovation.”

Ontology’s corporate and technological genealogy might be difficult to keep track of, but the result is a pragmatic approach that appears to combine ambition with a lack of the ideological fussiness.

As Li said at a meetup in March:

“When you want blockchain to become a mainstream industry like the internet today, you have to link to the real business scenario.”

For a while, Li added, it seemed that appealing to businesses meant building a permissioned framework like DNA, but it soon became clear that “public blockchain is the future.”

If you already trust each other, he explained, “blockchain is not necessary.”

Having adopted that stance, Onchain – which has since received backing from the Chinese conglomerate Fosun Group and been accepted to Microsoft’s Shanghai accelerator – began work on a public platform that would meet some of businesses’ most pressing needs: anchoring digital identities in the real world, allowing for flexibility in terms of technical design, and preventing the creation of restrictive silos.

Two tokens, countless chains

Ontology has created a complex framework in its bid to satisfy all of these goals.

Similar to Neo (with NEO and GAS), the network will support two tokens. So far, only ONT exists. A token on the Neo blockchain, it was distributed to NEO holders in an airdrop, half of which has been completed (the other half is set to occur after the mainnet launch this week).

Barring unforeseen obstacles, these tokens will migrate to a proprietary blockchain on June 30. Once there, they will serve as a governance mechanism, with users staking ONT in order to make network decisions.

Holders of ONT tokens will also begin to receive newly created ONG tokens, which will serve a similar role to Neo’s GAS tokens, funding the execution of smart contracts. Each ONT will “release” ONG tokens for 18 years.

The more unusual aspect of Ontology’s design is that it consists of multiple interoperable chains, anchored by a core blockchain (in a way that’s perhaps not different from how ethereum envisions its “sharding” technology). According to those involved, his choice reflects Ontology’s enterprise focus and the desire to give businesses flexibility in terms of designing a ledger – without shunting them into a silo.

Daniel Assab, Ontology’s senior overseas market specialist, told CoinDesk:

“In this industry, there’s a lot of chains that want to cut up – cut their share in the ecosystem and try and take all of the competition in this area. But we want to cooperate with everyone, work with everyone, make this as compatible as possible.”

Speaking in March, Li noted that enterprise applications want to be able to customize. “They have a lot of requirements,” he said. “They want their own blockchain with their governance model.”

Ontology’s main chain will be based on a new consensus mechanism, VBFT – a combination of proof of stake, verifiable random function and Byzantine Fault Tolerance – which the team expects to be able to process over 3,000 transactions per second.

The network intends to be able to support multiple governance mechanisms, however, on its subsidiary chains.

People and things

Ontology has conceived this elaborate architecture in order to enable what its white paper calls a “decentralized trust ecosystem.”

“We want to integrate different trust sources,” Li said in March, and not just the scattered and self-referential digital aspects of trust – such as private keys – but real-world seats of trust: the legal system and physical assets such as real estate. As he told CoinDesk, “Ontology can serve as a bridge connecting the physical world and business.”

In other words, Ontology hopes to crack the problem of identity in the digital age, another goal being pursued by a number of blockchain projects. ”

But Ontology doesn’t just want to help define digital identity for people, it wants to do this for digital items as well. To that end, it’s partnered with Chain of Things (COT), which founder Wang Wen described as a “universal basic platform for IoT [internet of things] and intelligent hardware” based on Ontology’s platform.

Ontology has also partnered with Contentos, a blockchain-based streaming video project.

Ontology’s team is working on a number of implementations to be launched over the coming months and years, including an ID framework and marketplace, a reputation system, a “trust search engine” and a data exchange protocol. As with any self-respecting blockchain protocol, though, it aims to attract app developers to build out its ecosystem.

Panther, the founder of a community development group, told CoinDesk they are working on a C# software development kit and a Chrome plugin wallet, in addition to other projects.

Getting the swap right

Whether Ontology can follow through on all – or any – of its ambitions is an open question. But first it has to complete its transition to mainnet without leaving too many of its token holders behind.

Many users will have to complete the swap manually, leading to concerns that “people could forget to do the token swap or … think, ‘it’s okay, I can hold,’” Assab said.

Users who hold their ONT on certain exchanges, including Binance and Huobi, may have their tokens swapped automatically, but Ontology social media admins said they should “refer to individual exchanges’ policies.”

For users who do the swap manually, Ontology has posted a frequently-asked-questions page.

A likely headache for some users will be making sure they don’t needlessly give up some of the ONT they’re theoretically entitled to. The Ontology mainnet will accept only round numbers of tokens and disregard fractions. Even though the airdrop was for a fraction of ONT per NEO.

Users will have until October to complete the swap, but Assab said:

“If that deadline needs to be changed, it will be changed.”

Image via Ontology
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Binance Opens Its First Crypto-Fiat Exchange in Uganda


The world’s largest cryptocurrency exchange has just launched a fiat trading pair in Uganda.

Binance, the largest exchange by volume according to CoinMarketCap, announced Thursday that it was starting a fiat-crypto trading pair with the Uganda shilling. Moreover, the company also announced its first fiat crypto exchange in the nation, called Binance Uganda, according to a statement.

The exchange will charge zero trading fees when it comes online, though Binance declined to state when that would be. However, the first 20,000 users to register with the service will receive 0.5 binance coins (BNB) as “appreciation” for their support, according to the statement.

The tokens will be distributed on a first-come, first-serve basis but users who wish to withdraw their tokens must complete identification verification procedures after the platform is launched, according to the announcement.

The launch marks Binance’s latest steps in expanding cryptocurrency trading in the underbanked country. Only 33 percent of Ugandans actively use their registered financial accounts in 2016, according to a study by Financial Inclusion Insights, a data-collection organization which focuses on trends in the digital financial services industry.

The Hong Kong-based exchange also has announced plans to open a fiat-crypto trading platform in Malta, an island nation located in the Central Mediterranean Sea, Bloomberg reported.

Image via Shutterstock.
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The Daily: Pornhub Adds New Tokens, Fcoin Defends Trans-Fee, Coinbase Goes Pro


Bigwigs Talking Bitcoin vs Blockchain

The Daily: Pornhub Adds New Tokens, Fcoin Defends Trans-Fee, Coinbase Goes ProA few well known people who don’t routinely speak about Bitcoin and blockchain technology have recently shared their opinions about the subjects. Jack Ma, the Chinese billionaire behind Alibaba Group, opined that “Blockchain technology could change our world more than people imagine. Bitcoin, however, could be a bubble.” And he added that “traditional financial institutions serve 20 percent of people and make 80 percent of profits. New financial institutions should service 80 percent of people, and make 20 percent of profit.”

Steve Wozniak, the Bitcoin-loving co-founder of Apple, has on the other hand said he feels that all the current hype around blockchain technology is just a bubble akin to the Dot Com one. “If you look now you say all that internet stuff happened, we got it, it just took a while,” Wozniak explained. “It doesn’t change in a day, a lot of the blockchain ideas that are really good by coming out early they can burn themselves out by not being prepared to be stable in the long run.”

And Professor Robert Shiller, who received the 2013 Nobel prize in economics, thinks that Bitcoin is a generational social movement, that might be in a speculative price bubble but it does not mean it is going away any time soon. He said in an interview that: “The East Coast is less into it than the West Coast. Silicon Valley is really into it. It’s a social movement. It’s an epidemic of enthusiasm. It is a speculative bubble. That doesn’t mean that it will go to zero.”

EOS to Get a Makeover?

After coming under a lot of criticism lately over centralization, freezing accounts and other issues, EOS might soon get a serious makeover. Daniel Larimer, the creator of EOS, has proposed a major revision to the way its constitution works. He explains that this is because, he just now learned that, “if you give people arbitrary power to resolve arbitrary disputes then everything becomes a dispute and the decisions made are arbitrary. The more power the arbiter has, the more vicious and petty the disputes become and the less predictable the outcome.” Better late than never.

Pornhub Adds New Tokens

The Daily: Pornhub Adds New Tokens, Fcoin Defends Trans-Fee, Coinbase Goes ProAdult entertainment video portal, Pornhub, has announced it will accept two new cryptocurrencies, Tron and Zen Cash. As you may recall, a couple of months ago Verge has made a big deal about the site accepting its token. There is no explanation on the way Pornhub selected the few tokens it did, but at least in the case of Verge it is reported it just got paid 75 million XVG for doing so.

“Here at Pornhub, as one of the most viewed websites in the world with over 90 million daily visitors, it’s important that we continue to expand our crypto payment options to align with our community’s growing payment preferences. Decentralized payment systems have continued to grow in popularity, and cryptocurrency adoption is exploding across a broad economic spectrum. Today, cryptocurrencies are especially viable in the adult entertainment industry because they are privacy-centric and incorporate more anonymity tools than traditional tender,” said Corey Price, VP of Pornhub.

Fcoin Founder Defends Trans-Fee Mining

In an interview released in China yesterday, Jian Zhang, founder of Fcoin, faced challenging questions regarding his business and controversial business model of “trans-fee mining.” As we previously reported, the practice of rewarding users with exchange issued tokens for generating transactions was called an over-priced backdoor ICO ripe for manipulation by critics including Binance CEO Changpeng Zhao.

The Daily: Pornhub Adds New Tokens, Fcoin Defends Trans-Fee, Coinbase Goes Pro
FCoin Founder Jian Zhang

Zhang said: “With respect to the accusations of pyramid selling, currency manipulation, and being a stock maker – I won’t be answering these questions directly. You can refer to the notion and history of Bitcoin, and see how many people have been wronged this way. Are there still people who think Bitcoin is pyramid selling? If so, you are not rejecting Fcoin, you are actually denying the economic value of the cryptocurrency in general.”

“The accusation of an expensive ICO is the most funny and ridiculous. First of all, Binance grew from an ICO, some people must be out of their mind when criticizing the ICO of others while raising no money by themselves. Second of all, it’s wrong in the first place for some people to calculate our market value using the total amount of Fcoin token yet to be issued by us. Those unissued FT [Fcoin token] cannot be regarded as transaction, nor can they be a part of any distribution of dividend. They actually don’t exist until after issued. Therefore, the miscalculation is just wrong. In no cryptocurrency exchange is market value calculated this way. Lastly, our valuation is actually very low, given our transaction amount, dividend ratio, number of active traders and growth rate.”

Coinbase Switches to Pro

If you are a GDAX user, this is a kindly reminder that the platform will be switching over to Coinbase Pro tomorrow, Friday June 29, and you will not be able to access the old domain anymore. According to the developers, the redesigned platform is meant to make the trading experience easier and more intuitive, with a simplified deposit and withdrawal processes, improved charts that will allow customers to easily scroll and access historical data and a new consolidated portfolio view called “My Wallets” that lets customers see an overview of their account orders and balances.

The Daily: Pornhub Adds New Tokens, Fcoin Defends Trans-Fee, Coinbase Goes Pro

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SVK Crypto – Daily News Blog

As I tried to hack the Ukrainian cryptocurrency exchange Kuna

The cryptocurrency market could not develop without the cryptocurrency exchanges. However, given the number of successful hacker attacks on exchanges around the world, security is almost the main criterion of selection.

How to ensure the security of the exchange?

Normal users can do this in two ways that complement each other. The first is a check for security of connection. Any exchange must support a secure connection – https. After you have verified that the exchange maintains a secure connection, we recommend you to check the reviews about this exchange the other users, it is desirable on independent grounds. Try to find out there was no forced entry, whether the exchange is informed.

This is probably all that can be done by regular users to check the stock exchange for safety. However, those who are working on the site of course can do much more. One of the procedures is a site audit white hat hacking. White hackers are working the same as usual, however, their goal is not the break-in and theft, and the search for vulnerabilities and then sending the data about the found vulnerabilities to the developers of the exchange.

Breaking Kuna

Hacken is a Union of white hackers, which is responsible for testing security and they recently tested one of the most promising markets in Eastern Europe – Kuna.

Distributed Lab, the developer exchange is a major player in the field of blockchain in Eastern Europe. Currently they run training courses, create solutions based on tokens and arrange the blockchain conference in Kiev.

During testing, the white hackers explored several ways of hacking the stock exchange. In particular, they tried to get remote access to your different accounts to access the users and held a series of other attacks. The team Hacken failed to detect critical flaws in the system. The analysis revealed a few minor issues, but they do not pose a significant threat to users and their personal data.

In General, the testing and auditing of cyber security exchange went smoothly.

The post As I tried to hack the Ukrainian cryptocurrency exchange Kuna appeared first on FineCrypto.


Muscovite fraudulently enticed 103 of bitcoin

The suspect entered the victim to the misconception and assured that will help him in selling the cryptocurrency.

27-year-old Director of LLC “Center Med group” living in the Queen detained on suspicion of theft by deception 103 bitcoins (at the current exchange rate we are talking about 631 thousand dollars). The investigation is underway, during which you need to install all the circumstances of the case, and find possible accomplices of the crime.

Law enforcement officials noted that Executive Director of LLC “Business network”, went to the police with allegations of fraud. 25-year-old native of Armenia, told that the unknown promised him to assist in the sale of the 103 bitcoins. And, believing the man handed bitcoins anonymous in the premises of a Bank. It is noteworthy that the victim does not remember neither the name and address of the Bank, nor the signs of the fraudsters, noting that he was in a state of shock.

In the course of the investigation failed to establish, where exactly there was a transfer of cryptocurrency, we are not talking about a Bank and office building. Also found out that after the transfer of cryptocurrency, unknown disappeared and didn’t contact.

The post Muscovite fraudulently enticed 103 of bitcoin appeared first on FineCrypto.



Thank you to Grant Sohn Co-Founder of  Carry Protocol for coming on the podcast and talking about his project and the upcoming developments they are implementing!




Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

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SVK Crypto – Daily News Blog