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December 2018

Amazon Web Services Introduces Managed Blockchain to Everyone

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Amazon Web Services

Amazon Web Services

Amazon has made it into the blockchain industry, and on April 30, the company announced that its subsidiary Amazon Web Services was launching its Amazon Managed Blockchain (AMB).

Hyperleger Fabric & Ethereum Frameworks

Amazon Web Services has said that its AMB is designed to allow companies and customers to easily create a blockchain network that is simple and scalable to manage and uses the Hyperledger and Ethereum open source frameworks.  The Hyperledger Fabric is a product of Linux foundation and IBM as part of the IBM Blockchain, which is a Performance-as-a-service. Ethereum is not yet supported, but there are plans to have it on board later this year.

Amazon Web Services has been in preview since last year, and now it will be available in Northern Virginia first before extending to the rest of the country next year.

Rahul Pathak, the Amazon Web Services General Manager for AMB, stated that the blockchain-as-a-service will enable most companies to easily create their blockchain networks at a low cost. This will be helpful in eliminating the need to install software, provide hardware configure network settings as well as creating and managing access control certificates.

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Add Members to Your Network

The company indicated that with the Amazon Web Services’ customers can select their preferred framework and once they add members to the network they need to configure the member nodes so that they start processing transactions. The AMB does the rest by creating a network that can extend through various Amazon Web Services accounts while configuring the network, security, and software settings.

AMB has the capability of supporting numerous applications that run multiple transactions. Besides AMB, Amazon Web Services also provides customers with Amazon Quantum Ledger Database (QLDB) to help in performing additional analytics.

Already, communication giant AT&T Inc, food and beverage company Nestle, and Singapore Exchange Limited have implemented the AMB.

Featured image: DepositPhotos © dennizn

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uBUCK Technologies Completes First Tranche of Private Placement

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VANCOUVER, British Columbia, Sept. 30, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF) (FRA:C0B), a key player in logistics platforms and payment solutions, is pleased to announce that its subsidiary uBUCK Technologies SEZC (“uBUCK”) has closed the first tranche of a non-brokered private placement previously announced on September 23, 2019.

In connection with the placement, uBUCK issued 800,000 preferred shares to a strategic investor at a price of $0.50 per share for gross proceeds of US$400,000. Under the terms of the investment, uBUCK expects a minimum investment of US$1,500,000 will be made in exchange for 3,000,000 preferred shares at a price of US$0.50 per share by June 30, 2020. The investor will also have the option to invest an additional US$2,500,000 for a total of 8,000,000 preferred shares at a price of US$0.50 per share by September 30, 2021

uBUCK intends to use the gross proceeds of the private placement to complete the development of the uBUCK and Streambucks digital wallets, accelerate growth, increase customer acquisitions, and conduct additional product testing.

The private placement is a non-dilutive transaction for LiteLink shareholders.  Completion of additional investments is subject to all necessary regulatory approvals.

The initial investment of US$1,500,000 would give the investor a 6% ownership in uBUCK, and an additional US$2,500,000 investment would result in a 16% ownership in uBUCK, based on the total outstanding equity in uBUCK. The preferred shares come with first rights to dividends of 6% (of the amount invested) and first claims to assets up to the investment in case of liquidation.

About uBUCK Technologies SEZC

Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digital payments and wallets. uBUCK Pay, its online payments platform and pin voucher solution, offers consumers, businesses and merchants a fast, commission-free and highly secure alternative to traditional payments.  Customers can purchase pin vouchers within the uBUCK Pay app or at participating resellers. For details about uBUCK Pay, please visit uBUCKpay.com.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF) (FRA:C0B) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries.  Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time.

Forward-looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information.  These forward-looking statements or information may relate to the nature of the business of LiteLink and uBUCK, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties.  Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules, and regulations.

Please visit the company’s website at litelinktech.com. For a free report on LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF) (FRA:C0B) visit cryptocurrencynews.com.

Please See Disclaimer

Bitcoin Price | Analysts Indicate BTC Could Drop to $4,000

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Bitcoin price

Bitcoin price

Most analysts and investors viewed the recent reaction of Bitcoin price to the Bitfinex/Tether controversy as an indication of improving fundamental strength. According to one analyst, it may be too early to celebrate yet as Bitcoin price is likely to drop into the $4,000 region before gaining any significant support that will allow it to continue with the momentum of growth.

Tether/Bitfinex Controversy

Traders and investors are expected to be ready for this bearish possibility, but analysts have pointed to a long-term trend line that demonstrates how Bitcoin price is expected to grow in the future. The current price of Bitcoin is $5,230, after losing 1% from its 24-hour high in the last session.

For bulls, it’s quite unfortunate that after gaining momentum early in the month, Bitcoin price could be affected by the controversy surrounding Bitfinex and Tether. This controversy has led to Bitcoin losing part of its fundamental strength as it tries to shift towards the support it has under the $5,000 region.

In a tweet, renowned cryptocurrency analyst Big Cheds shared a bearish sentiment, indicating that he believes Bitcoin price will face two downward legs that will lead it to the $4,400 mark before it eventually gains momentum. Income Sharks also explained that the price of Bitcoin will remain in a tight trading channel for quite some time.

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Future Prospects Still Bright

The is still hope in Bitcoin and other cryptocurrencies, despite the daily price movements, that indicates the markets and long-term prospects of the industry look bright even though the bearish markets seems to persist for now.

Crypto analyst Chonis Trading shared in a tweet recently a long-term chart demonstrating the increasing trend line that indicates the possible acceleration of Bitcoin price, which is expected to form an immense bull trend.

In the short-term, it is important to monitor how well Bitcoin price responds to support in the lower $5,000 region because it will dictate the viability of the price drop into the $4,000 region.

Featured image: DepositPhotos @ peshkova

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Alibaba to Reward Free Bitcoin Through Shopping App Lolli

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Bitcoin

Bitcoin

The pace of development of the crypto sector has been nothing short of breathtaking over the past few years, and now, free Bitcoin rewards are even becoming a real thing. In a new development that would come as a massive boost for Bitcoin and the crypto space in general, Chinese e-commerce behemoth Alibaba has now got involved in the space.

The company has created a partnership with Lolli, a shopping rewards app, and by way of that partnership, Alibaba shoppers can claim 5% of their rewards in the form of Bitcoin.

Major Details

In clearer terms, Alibaba customers can now get a total of 0.00000001 BTC in the form of rewards while shopping on the platform. In a way, the company is going to give away free Bitcoin to its customers in the form of rewards, and this is a move that could have wide-ranging implications for the wider crypto space.

The Chief Executive Officer and co-founder of Lolli spoke about the landmark partnership with Alibaba. He said, “Our partnership allows our users to earn free bitcoin on millions of products online every day. Arguably the most important piece of this partnership is that it supports our mission of connecting the entire world through commerce.”

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However, it should be noted that this particular rewards program will only be made available to Alibaba customers who are based in the United States. Shoppers on Alibaba who are based out of China will not be able to participate in this new initiative. That being said, an executive at Lolli has stated that the program is going to be expanded considerably next year, and at that time, Alibaba customers from China will also be able to participate. At the end of the day, the Chinese market remains the biggest one for Alibaba, and participation from that market is important for the free Bitcoin rewards program.

Featured image: DepositPhotos © peshkova

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