Status SNT

Market Cap $ 53.249 MM (#68)
24h Volume $ 1.551 MM
Chg. 24h: 1.54%
Algo. score 4.0/5  (#52)
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Status News

Congratulations to @sebowski from the @flexdapps team who ha...

Congratulations to @sebowski from the @flexdapps team who has won the Status Extensions prize here at @ETHSingapore…

21 hours ago

.@sebowski presenting his Status Extensions prize submission...

.@sebowski presenting his Status Extensions prize submission to @jeluard and @rachelhamlin, which included the use…

a day ago

SEC Issues Cease-and-Desist Order and 50K Fine to CoinAlpha Advisors

The U.S. Securities and Exchange Commission (SEC) has fined the fund manager of CoinAlpha Advisors LLC $50,000 for failing to register as a securities provider. A fund organized by CoinAlpha in October 2017 raised roughly $600,000 and according to the SEC, when CoinAlpha filed a “Notice of Exempt Offering of Securities” form, the company was in violation as it was an unregistered securities broker. The SEC also ruled that the company did not conduct an adequate know-your-customer (KYC) process and the firm failed to hire a third-party check accreditation status after being contacted by the SEC earlier in the year. On a more positive note, the SEC mentioned that CoinAlpha had cooperated with regulators and this led to a light punishment of a $50,000 fine and an agreement from CoinAlpha to not violate the Securities Act in the future. (RS)

2 days ago

We've just published a new Status Report on our website. It ...

We've just published a new Status Report on our website. It contains a bunch of new items, so make sure to check it…

3 days ago

We’ve partnered with @decentraland to enable anyone to purch...

We’ve partnered with @decentraland to enable anyone to purchase LAND using SNT directly within Status in the public…

3 days ago

RT @eth_classic: What are FISSION Status Codes? ...

RT @eth_classic: What are FISSION Status Codes?

5 days ago

Japanese Government to Track Down Cryptocurrency Income Tax Offenders

The Japanese government will establish a system that would track down individuals who refuse to pay tax on profits made from cryptocurrency transactions. Tax Payments on Cryptocurrency Capital Gains News coming from a Japanese newspaper, The Mainichi, reports that according to sources, the Japanese government is planning to form a system that would monitor individuals who make profits from cryptocurrency transactions and catch individuals who refuse to pay taxes on gains from such operations. The new system would empower the National Tax Agency (NTA) to request transactional details from intermediaries such as cryptocurrency exchanges. These exchanges would provide information on customers whom the agency suspects of tax evasion. Under Japan’s Income Tax Act, gains gotten from cryptocurrency transactions are categorized as miscellaneous income. By this, individuals who gain a minimum profit of 2000,000 yen per annum fall under Income Tax. Following the present legislation, cryptocurrency exchanges and other virtual currency businesses can release data on clients voluntarily. The Japanese government would also enable the NTA demand information from these businesses, including clients’ names, the address of the customers, and a 12-digit individual identification number. The government is, however, considering the protection of personal information. The taxation authority would only demand data on customers earning a minimum of 10 million only when it can verify that the individual failed to report half of the income. Digital currency businesses not in favor of these requests can appeal. A recent NTA survey revealed that over 300 individuals declared earnings of at least 100 million yen from virtual currency transactions in 2017. This profit was due Bitcoin’s record price of $20,000 in 2017. The outline for the new taxation system would launch in the 2019 fiscal year. Regulating the Local Cryptocurrency Landscape Japan is not relenting in its bid to regulate the cryptocurrency industry, improve security, and protect investors. The country which is home to two of the biggest hacks on virtual currency exchanges has tightened regulatory rules for digital currency exchanges in the country. Reports recently revealed that Japan’s regulatory body, the FSA, had plans to regulate Initial Coin Offerings (ICO). This move by the FSA was to curtail fraudulent ICOs and limit individual’s investment in ICOs to protect them. EWN also reported that Japan made its registration process stricter for cryptocurrency exchanges who wanted to operate in the country. This move was in response to the Coincheck hack that saw the loss of $538 million worth of XEM and to prevent the future disappearance of customers’ funds. The FSA also granted self-regulatory status to the Japan Virtual Currency Exchange Association (JVCEA), This body would monitor exchanges in the country and sanction erring businesses. Image courtesy of Shutterstock. The post Japanese Government to Track Down Cryptocurrency Income Tax Offenders appeared first on Ethereum World News.

5 days ago

We caught up with @with_blockmedia during our Korea Meetup w...

We caught up with @with_blockmedia during our Korea Meetup who were guided through everything Status by…

5 days ago

EOS Jilted: Larimer Wants To Date Other Cryptos

Repeat after me: Daniel Larimer is not abandoning EOSIO or Right, investors didn’t buy it either, with the price of the once rock-star cryptocurrency EOS having plummeted 21% since the serial entrepreneur announced he would be exploring the creation of a new cryptocurrency, only months after the launch of the EOS mainnet. The damage has been done, and investors want to know if this time it is too late to be reversed. Nonetheless, the EOS community feels scorned amid murmurings of yet another cryptocurrency, and you can’t really blame them. Larimer has left a wake of shrinking projects as measured both by staff and value. He launched BitShares in 2013/2014, only to leave that project for decentralized blogging platform Steemit, where he served as the CTO until last year. Steemit just announced massive layoffs of 70% of its staff, and Larimer is distancing himself from his former project, saying on Telegram that he was “pushed out” and that they “failed to deploy” his “roadmap.” For its part, the EOS mainnet remains a “community project,” not “our project,” which of course would lessen the sting of moving on. As imperfect a measure as market cap may be, the decline in EOS’ value is a reflection of investors fleeing the No. 6 cryptocurrency for seemingly greener pastures, or at least a flight to safety. Larimer, meanwhile, recently declared that decentralization wasn’t a top priority of EOS. Nonetheless, the personality behind the brand, in this case, Larimer, has long been an influencing factor on investor flows on Wall Street, and human psychology is no different in crypto land. Source: CoinMarketCap In realizing that he must have opened a Pandora’s box, Larimer has since taken to Medium in an attempt to quell any fears about his dedication to, saying that “it’s hard for me to brainstorm with the community the way I have in the past without occasional unintended consequences.” But he also defended “bouncing around new thoughts and ideas with the community,” saying: I believe these sidesteps of thought are byproducts of an effective iterative development process when working towards delivering new revolutionary products and capabilities. Kanye West of Crypto? Larimer’s disclosure to explore the creation of a new Bitcoin-like cryptocurrency has inspired the ire of the community, and perhaps rightfully so. But there are those in the community who basically shrug their shoulders and remind themselves that you can’t change a zebra’s stripes, and Larimer is just doing what eclectic entrepreneurs do. Take Elon Musk, who was at the helm of both SolarCity and Tesla before combining those companies and recasting the former as Tesla Energy. Musk is also behind The Boring Company, which is building underground tunnels in high-traffic cities, not to mention SpaceX, which is which has missions to Mars in its sights. The Larimer/Musk comparison isn’t too much of a stretch considering the Virginia Tech computer science alum is seemingly working on time travel. But as one Reddit member pointed out, Larimer knows how to make money, as evidenced by the $4 billion blockbuster ICO. Indeed, the recipe for a successful project involves “money and people,” as Larimer has stated. But what Larimer should avoid is becoming the Kanye West of crypto, no offense to Ye. After the rapper approached tech leaders for $1 billion to fund his projects, a crowdfunding page was launched so that the “greatest living artist and greatest artist of all time” could maintain his lavish lifestyle. Although the crowdfunding page was launched by someone else as a joke, it still reeks of narcissism. To be fair, Larimer isn’t taking it to that extreme, but you get the point. As for the water-cooler talk, Larimer’s imaginary token is reportedly dubbed MonerEOS. Source: Telegram Unfortunately, Larimer is providing about as much detail on the status of MonerEOS as he is about his future career path, saying on Telegram: “I will leave EOS sometime between now and when I die.” Maybe he could use a visit from Jacob Marley to see how it’s all going to pan out. The author is not invested in any digital currencies mentioned in this article but holds investments in other cryptocurrencies. The post EOS Jilted: Larimer Wants To Date Other Cryptos appeared first on Crypto Briefing.

5 days ago

What are FISSION Status Codes? ...

What are FISSION Status Codes?

6 days ago

Steven, our China Community Manager, walking through the Sta...

Steven, our China Community Manager, walking through the Status ENS Registration Dapp at our Beijing meetup today…

6 days ago

Japan to Set New Crypto Tax System to Reveal Cryptocurrency Tax Evaders

The latest report reveals that the Tokyo Government is set to present a new crypto tax system to prevent people from escaping from the huge profit tax made out of cryptocurrency. As per the related source on the matter, the National Tax Agency (NTA) will be demanding information regarding cryptocurrency transactions that have evaded taxes on their crypto earnings. Suspected Tax Evaders and New Tax System The new tax evading system on crypto earning will begin from Japan’s upcoming fiscal year - 1 April - 31 March. It has been informed earlier that earning from cryptocurrency is considered as the miscellaneous income which falls under the Income Tax Act. Salaried individuals with least income of 200,000 yen per annum must disclose the matter to law and regard it as income. Following the new reform, Japanese cryptocurrency exchanges will be accountable to legally share the information about their customers which must include customer name, his address, and 12-digit personal identification numbers. However the year 2018 was a rash for almost every user in the crypto market but in the year 2017, over 300 individuals have gained at least 100 million yet as per the data collected by NTA. This is because, during 2017, bitcoin and other cryptocurrencies were shooting the highs and this year trading with a negative graph. As for now, only individuals who have earned a minimum of 10 million yen through crypto transactions and also if the authority feels that individual denies disclosing at least half of that income, must share their information. Individuals with below 10 million yen or those seem small-time holders need not worry about. Japan has been in the crypto bulletin for a quite long - earlier this year, Japanese Financial Services Agency (FSI) established a self-regulatory status that enables industry leaders to form rules and safeguard the assets of customers as well as prevent possible money laundering activities. The post Japan to Set New Crypto Tax System to Reveal Cryptocurrency Tax Evaders appeared first on Coingape.

6 days ago

Switzerland’s FINMA License Huge Boost to Blockchain

Switzerland’s Financial Supervisory Authority (FINMA) has new planning in place which will allow cryptocurrency exchanges to behave like the country’s banks in that they will be able to hold public deposits of up to CHF 100 million (USD 100.5 million) under a new license available from next year. An amendment to the country’s Banking Act by the forward-thinking and crypto friendly Swiss government has made this change to the way cryptocurrency exchanges do business. The changes have been introduced, according to the government, in order to make Switzerland a more inviting location for crypto business moving forward. Conditions to the new law will apply as the funds held with exchanges up to CHF 100 million can’t be invested funds. Those wishing in obtaining the new license will need to contact FINMA with a broad outline of the scope of their business plan over the next three years with a clear indication on who the target customer will be. All participants under the new licensing will be thoroughly checked by FINMA. All members of projects will be thoroughly vetted for criminal records and platforms interested in obtaining a license must also agree to a financial audit on reapplying in the future. Also, any overseas companies thinking of applying, for what is very close to bank status in terms of capital held, will need to register all participants with a holding of 5% or more in the company, the same requirement as Swiss nationals under the new cryptocurrency banking laws. The world has now taken to looking to Switzerland for innovation, so yet another move to empower the industry hardly comes as a surprise. Only two weeks ago, Swiss stock exchange SIX, the fourth largest stock exchange in Europe with a market capitalization of USD 1.6 trillion, followed up on its commitment made back in June of this year to open its doors to cryptocurrencies. With this announcement, it is about to list the world’s first crypto-based exchange-traded product or ETF as it is known in the US. A feat attempted, but not yet achieved on the other side of the Atlantic. Follow on Twitter: @bitcoinnewscom Telegram Alerts from Want to advertise or get published on - View our Media Kit PDF here. Image Courtesy: Pixabay The post Switzerland’s FINMA License Huge Boost to Blockchain appeared first on

6 days ago

Japan Updates ICO Regulations While BitTrade Joins Huobi Family

Japan’s crypto friendly status has been achieved through a solid regulatory framework which protect investors without stifling trading or innovation. This has been strengthened this week when its financial watchdog announced plans for further ICO regulation. ICO Regulation for Investor Protection Earlier this week Japan announced that it was ready to launch ICO regulations to protect investors from the ever growing number of scams in the industry. According to local media, citing sources familiar, the Financial Services Agency is set to go ahead with new procedures to limit the amount of investment that can go into initial coin offerings. In addition to the extra layer of investor protection the FSA will require business operators that issue their own cryptocurrencies based on the ICO model to be registered with the agency. Crypto exchanges are currently required to do this also but only 16 have successfully completed the procedure so far. The agency plans to submit bills which will revise financial services and payment services laws during January’s parliamentary session. Citing a growing number of fraudulent ICOs abroad the regulator is aiming to protect domestic and foreign investors from losses by limiting the amount they have to participate in token sales. BitTrade Joins Huobi Family It is not easy to make it on to Japan’s short list of fully regulated crypto exchanges which is only 16 at the moment. Huobi, the world’s third largest exchange by trade volume, does not have that accolade so to get around it decided to buy into an exchange that does. BitTrade, one of Japan’s fully regulated exchanges, has sold a controlling stake to Huobi Japan Holding Ltd in a move that will enable Huobi to gain wider access to Japanese markets. According to reports BitTrade will be closing its platform in order to re-open under the Huobi Group family. The exchange has asked its customers to re-register a new account and perform the KYC procedures again; “Please prepare your identity confirmation document again ... from the viewpoint of thoroughly pursuing the criminal profit transfer prevention law, please register new accounts,” The new platform will be accessed via which was not available at the time of writing. It will support 11 trading pairs and the following six cryptocurrencies; Bitcoin, Ethereum, XRP, Bitcoin Cash, Monacoin, and Litecoin. BitTrade apologized for the inconvenience and urged clients to withdraw their assets; “We are sorry for the inconvenience caused by the termination of the Bittrade service and updating to the Huobi new system. In the new system, we will continue to offer more liquidity and convenience services, so we appreciate your patronage.” Image from Shutterstock The post Japan Updates ICO Regulations While BitTrade Joins Huobi Family appeared first on NewsBTC.

6 days ago

Innovation doesn't stop @bmann has been encouraged to submi...

Innovation doesn't stop @bmann has been encouraged to submit #FISSION Status Codes to the $ETC network via ECIP.…

6 days ago

Swiss FinTech License Allows Public Deposits of Up to 100m Francs for Blockchain Startups

The Swiss financial watchdog has published the guidelines for the FinTech license which allows companies to receive public deposits of up to 100 million Swiss Francs. The revised Banking Act, designed to promote innovation, has also opened doors to crowd-lending businesses within the regulatory sandbox. Swiss Regulator Announces License With Relaxed Requirements for FinTech Startups The Federal Council of the Swiss Financial Market Supervisory Authority, the country’s financial regulator, is going forward with the goal of promoting innovation in the financial sector and to remove barriers to market entry for fintech firms. The extension of the holding period for settlement accounts and a regulatory sandbox have already come into force on 1 August 2017. The third measure, “a new authorization category with simplified requirements in the Banking Act”, will come into force on 1 January 2019. FINMA, which is responsible for granting the FinTech license, will supervise firms subject to the relaxed requirements, said the official statement. “With the new measure, companies with special authorisation can accept public funds of up to CHF 100 million from 1 January 2019, provided they neither invest nor pay interest on these funds.” Blockchain-related startups are welcome to apply for the FinTech license. After receiving the application, the regulator will get in touch and indicate which FINMA staff member is responsible for the procedure. The complexity of the project and the quality of the application may determine the duration of the procedure. The regulator also welcomes firms to present their project during a meeting prior to submitting the application. The FinTech license, which was introduced by the Swiss parliament, requires licensees to have their registered office and conduct its business activities in Switzerland. In addition to the announced FinTech license, FINMA has announced that the recent amendments to the Banking Ordinance (BankO) have included crowd-lending businesses to the sandbox, which will only come into force on 1 April 2019. “In the BankO, the sandbox will additionally be extended to include crowdlending business models, whereby public funds up to a total amount of CHF 1 million can one day be brokered not only for commercial and industrial purposes but also for private consumption.” The Swiss authorities have started to work on drafting the rules for the FinTech license two years ago. The Swiss government intended to ease regulatory guidelines to ease the entry of new providers of financial technologies and services. The country wanted to be among the leaders of fintech innovation. The FinTech license, which is much easier to obtain compared to its traditional counterpart, eyes startups offering deposit services provided they neither invest nor pay interest on these funds. Switzerland enjoys the status of ‘crypto haven‘ among the crypto community. Many startups within the ecosystem have set up their offices there, namely in Zug. The new FinTech license will serve as another reason to set up shop in the country. Image from Shutterstock The post Swiss FinTech License Allows Public Deposits of Up to 100m Francs for Blockchain Startups appeared first on NewsBTC.

6 days ago

KuCoin Blockchain Asset Exchange Lists Gram Gold Coin Collaboration’s GGC Token

KuCoin blockchain asset is proudly announcing the listing of Gram Gold Coin Collaboration’s GGC today. Deposits are now available with trading pairs including GGC/BTC and GGC/USDT. All transactions are accessed utilizing KuCoin’s official website or to their mobile app for iOS and Android. Schedules are as follows: GGC Buying order: 15:30 November 30, 2018 (UTC+8) GGC Selling order: 16:00 November 30, 2018 (UTC+8) GGC Withdrawal: 18:00 November 30, 2018 (UTC+8) About Gram Gold Coin Collaboration (GGC) Gram Gold Coin Collaboration maintains and distributes the GGC through the application of gold bullion with the blockchain as a transaction platform. GGCC intends to integrate product design, interest alignment, and market dynamics to develop GGC’s acknowledgment by all market members as a base digital token for financing, payment, trade, and value preservation that most fiat money and crypto assets cannot produce due to the constraints they face. What is GGC? A GGC is backed by 1 gram of Gold as the value and is transacted within the blockchain so that the gold price maintains its smallest value and secondary transactions can be sent out with a high level of efficiency, confidentiality, and safety. GGCC will distinctly issue different token called GramGold Eco (“GGE”). GramGold Eco will be taken by members of the founder team, advisors and exchanges, who help to continue to retain the overall GramGold Ecosystem (the “Ecosystem”) of GGC and GGE alive. Why do you need GGC? The following diagram illustrates how GGC can seamlessly meet various needs in different worlds through its unique characteristics inherited from Precious Metal, Currency, Crypto, and Blockchain. Defense of Inflation GGC uses the “gold standard”, meaning that each GGC is minted only when the correct corresponding amount of gold bullion is held in reserve. The scarcity of physical gold will effectively limit devaluation as compared to the devaluation issues that fiat money faces currently. Ultimate Haven Although gold is no longer the foundation of the international monetary system, its status as a bastion of stability has endured, a role which has become increasingly important in today’s unpredictable environment. Over the years, gold’s reputation for safety and durability has made it a mainstay for investors seeking to safeguard the long-term value of their capital. Portfolio Diversification Harry Markovitz is well known for his “Modern Portfolio Theory,” which is the formula that says that systematic risk cannot be varied away as it is a risk for the entire market. Still, purchasing gold as a hedge against crises can be viewed as a hedge against this type of threat. During extreme conditions, gold tends to soar while other assets make a downturn. Images courtesy of KuCoin The post KuCoin Blockchain Asset Exchange Lists Gram Gold Coin Collaboration’s GGC Token appeared first on Live Bitcoin News.

6 days ago

Questions Raises on Petro’s “cryptocurrency” status Following Hike in Price By President Maduro

Cryptocurrency market has lost $45 billion in total, bitcoin still stand on top and the value of other cryptocurrencies are volatile. As on December 03, 2018, the Venezuelan president, Nicolas Maduro has increased the price of Petro cryptocurrency with 150 percent. Petro is the national cryptocurrency of Venezuela which was valued 3600 sovereign bolivars to 9000 bolivars. In a similar concern, Mati Greenspan, eToro’s Senior market analyst scorned on Twitter, tweeting that “the petro is not a cryptocurrency”. In his latest tweet, Mati defines “free market does not work like this’. Tweet states that; You can't have your cake and eat it too. If the Petro is tied to the price of oil, then the President can't announce the exchange rate on television. That's simply not how free markets work guys. The Petro is not a cryptocurrency!!! — Mati Greenspan (@MatiGreenspan) December 3, 2018 Petro cryptocurrency of Venezuela has long been criticized by many since its launch. However, during August, the president linked Petro price with the national currency of Venezuela, called sovereign bolívar,. Consequently, he quoted that; “Each petro, as the anchor point of the sovereign bolívar, will have a value of 3,600 Bs.s,” Following his announcement of increasing Petro price, Leonardo Buniak, an economist explains how this revised pice devalued the sovereign bolivar, elaborating that; Anchoring the bolivar to the petro is anchoring it to nothing. Leonardo Buniak Agreed Mati While Mati said if the Petro is tied to the price of oil, then the President can’t announce the exchange rate on television, Buniak strongly asserted that the price of any cryptocurrency will fluctuate based on the demands and supply. He said the Petro cannot be cryptocurrency because its price was not fluctuated based on demands and supply rather President Maduro finalized it. He explains that; When the president decrees that a petro is worth 9,000 Bs.s, what he is saying is that the petro is not a cryptocurrency but a debt title that is predetermined, [which] cannot be mined. It is impossible to think that it is a cryptocurrency when its value is not given by the interaction between supply and demand. Despite such criticism, the crypto regulator called Sunacrip in Venezuela is selling virtual currency at his headquarters. Accordingly, buyers are responsible to provide KYC verification to get this digital currency issued. The post Questions Raises on Petro’s “cryptocurrency” status Following Hike in Price By President Maduro appeared first on Coingape.

7 days ago

Morpheus Network

Morpheus Network airdrop is worth 110,000 MRPH tokens (~$ 6500) to be distributed among MRPH Holders during the month of December. About Morpheus Network Morpheus Network was designed in consultation with some of the world’s largest shipping, customs & banking firms to create a full-service, global, automated, supply chain platform with an integrated cryptocurrency payment system utilizing blockchain technology. Morpheus Network is listed at CoinMarketCap and being traded at LATOKEN exchange. How to join Morpheus Network Airdrop? Go to Morpheus Network Airdrop form. Submit your Ethereum wallet address and other details to the Airdrop form before December 8th at 12 pm EST. A few days after completing the form, you will receive an email with a link to complete KYC before December 10th at 12 pm EST. Once your address is registered and your KYC is approved you will be automatically registered for future airdrops. After completing KYC, you can track your status in the public sheet. Hold any amount of MRPH tokens in your Ethereum wallet from December 11th. The more MRPH tokens you hold, the more MRPH tokens you will earn. The Tokens will be “slow-released” daily for the month of December. Only participants who registered within the deadline will receive the second airdrop that will be distributed in December. For Airdrop FAQ and more information, visit this Medium article. If you use the ''CLAIM AIRDROP'' button below to claim the Morpheus Network Airdrop, it will automatically show on the main page with a purple check mark. So you can easily track which airdrops you joined and which ones you need to join. If you liked Morpheus Network Airdrop, also check out the BitSafe Exclusive Airdrop and Betking Exclusive Airdrop.

7 days ago

Bitcoin Cash ABC vs. Bitcoin Cash SV - Examining the Bitcoin Cash Hash War

The Bitcoin Cash hard-fork on November 15, 2018, resulted in two coins. Now, many exchanges recognize Bitcoin Cash ABC as Bitcoin Cash with a separate listing for Bitcoin SV. Let’s take a look at how the Bitcoin Cash ‘hash war’ started and its implications moving forward. What is Bitcoin Cash, Where Did it Come From? Bitcoin Cash (BCH) came into existence in August 2017, but the fundamental argument behind its emergence traces back to the origins of Bitcoin (BTC) itself - the scalability debate. It was the inability to come to a consensus over increasing the block size limit that ultimately made ‘Bitcoin Cash’ fork off the Bitcoin network. As early as April 2009, the block size limit already formed a debating point on the Bitcointalk online forum. At the time, with Bitcoin still in its infancy, the 1MB block size limit meant that the blockchain would have problems scaling once the network effect grew (more nodes on the blockchain). However, throughout the early days, developers in the community like Jeff Garzik, Gavin Andresen, Mike Hearn, and others, couldn’t seem to reach a consensus. Thus, by the time Bitcoin achieved mainstream status, the 1MB “attributed” to Satoshi Nakamoto block size limit was considered “de facto.” Nevertheless, proponents of the 1MB limit argue that larger blocks would ultimately prevent individuals from running their own full nodes as only large-scale datacenter would be able to verify transactions in the future, resulting in centralization of the network. Fast forward to 2017 with the BTC price and popularity growing; the network began to experience transaction backlogs. Around May 2017, some users complained of having to wait several days before their transactions could be confirmed on the network. Preference was given to transactions with higher fees. Thus, BTC appeared ill-suited for microtransactions. This situation caused serious debates within the community with two main approaches suggested - Bitcoin Unlimited and Segregated Witness (SegWit). Bitcoin Unlimited meant completely removing the block size limit. It also meant that the network would have to hard-fork, which is considered to be a riskier approach since the software client would no longer be backward compatible with older versions. Miners like Bitmain preferred raising the block size limit as SegWit (Segregated witness), would expose the mining giant’s covert ASIC-boosting algorithms. However, those in opposition argued that the move would centralize Bitcoin mining by forcing out smaller, independent miners. It must also be noted that SegWit also raised the block size limit, or to be more specific the ‘block weight’ to 4MB. In fact, the blocks mined by the Bitcoin network today are regularly over 1MB compared to Bitcoin Cash whose mined blocks are much smaller on average. 2017 Hard Fork - Fundamental Differences With SegWit, part of the transaction data is stored outside the blockchain creating room for more transactions inside a single block. Proponents argued that is a safer approach (compared to a hard-fork) that also increases throughput capacity. Critics, however, described the approach as only a palliative measure that did little to solve the core problem. On August 1, 2017, the majority of Bitcoin miners signaled for the implementation of SegWit2x - an agreement among predominant Bitcoin companies (BitPay, Coinbase etc.) to implement SegWit and later raise the block size limit to 2MB (hence the “2x”). However, a User Activate Soft Fork (UASF) eventually proved that Bitcoin full-nodes (i.e. users) are ultimately in control since it is they who actually verify and/or reject transactions based on the Bitcoin protocol. Nevertheless, Bitcoin Cash developers elected to increase the block size limit to 8MB meaning more transactions could fit into a single block. This, however, went against the Bitcoin protocol as the vast majority of nodes supported SegWit while leaving the 1MB limit intact. Bitcoin Cash forked away from the original Bitcoin blockchain on August 1, 2017, implemented replay protection, and quickly entered the top-ten cryptocurrency rankings based on market capitalization. This also meant that bitcoin holders also received an equivalent amount of Bitcoin Cash (BCH). The opposing views that resulted in the 2017 Bitcoin Cash hard fork hinged on two distinct economic classifications - Bitcoin as an investment asset and Bitcoin as a payment system - or at least which should be prioritized first. The BCH brigade maintained that Satoshi’s vision was that Bitcoin must become a cheaper and quicker alternative to fiat payments despite centralization concerns. One Year After - More Block Size Limit Issues On August 20, 2018, Bitcoin Cash Adjustable Blocksize Cap (Bitcoin Cash ABC, BCH ABC), which at the time was the largest software client for the blockchain, announced a hard fork slated for November 15, 2018. A part of the announcement read: A new opcode called OP_CHECKDATASIG that improves the BCH scri

7 days ago

XRP/USD Price Analysis: Will the US SEC Comment on the Status of Ripple Token?

Latest Ripple News From recent events, the US SEC is definitely alert and “hunting”. Days after news emerge that the regulator had settled with Floyd Mayweather and DJ Khalid for promoting a security token, the regulator tried to issue a preliminary injunction against Blockvest. Read: FBI Arrests AriseBank CEO for $4 Million Crypto-Related Fraud However, their efforts were thwarted by a San Diego Judge, Gonzalo Curiel, who ruled after a series of court hearings and supporting documentations from both the coin issuer—Blockvest and the SEC—who sought to freeze assets and demonstrate that Blockvest were selling investment contracts and lying to investors that they had the approval of the SEC while illegally using the logos and seal of the CTFC and the National Futures Association (NFA)—that the latter did not supply compelling evidence to indict Blockvest. Wait, woah, court denies preliminary injunction in SEC v. Blockvest. Says test BLV tokens were not securities based on evidence b/f court. Reading opinion. More to follow. — Palley (@stephendpalley) November 28, 2018 Well, this is important especially for XRP investors. Remember, back in 2015 Ripple Labs was fined $450,000 for selling XRP without registering with FinCEN and for failing to implement KYC rules. Then again, Ripple-despite their attempts to implement a decentralization strategy—still holds a majority of XRP. Also Read: UK’s FCA Investigates 50 Firms Suspected of Unlicensed Crypto Operations So, it doesn’t matter if the plaintiff expects compensation or not, it all depends on the how the judge interprets the Howey Test and if investors were “expecting profits” for their “investment”. FinCEN already signed an agreement with Ripple Inc. allowing them to continue their XRP sales. If XRP is an unlicensed security then FinCEN now has to explain why they signed an agreement allowing the sale of said unlicensed securities. Never going to happen. XRP isn't a security — Richard Holland (@codetsunami) June 17, 2018 If it is found that Ripple and Brad Garlinghouse did sell XRP urging investors to expect profit, then the SEC won’t hesitate to swing the hammer, crashing hopes and dreams in the process. XRP/USD Price Analysis Weekly Chart At second, XRP/USD is steady to say the least. Though we retain a bullish outlook expecting prices to snap back and rally above 80 cents, week ending Nov 25 could pour cold water on our forecast. This is so because for conservative traders to load up then we must first see satisfactory gains above 40 cents and later 60 cents—marking Oct and Nov highs. Before then, bears are technically in control. Besides, the more prices gravitate towards 35 cents, the higher the chances of a break below 25 cents—or Sep 2018 lows. From the XRP/USD candlestick arrangement, we expect bulls to reign as long as prices are trending above 35 cents—the lower limit of our support zone. Daily Chart In this time frame it is clear that buyers are in charge and 35 cents is an important support level. We can notice this all because of the failure of bears to break below it despite numerous attempts. Furthermore, XRP/USD price action is still trending inside the high volume pin bar of Nov 25. Now, since we are net bullish on XRP despite recent lower lows, we shall consider every low a buying opportunity but ideally for assurance, we must see gains above 40 cents or the 61.8 percent Fibonacci retracement level of Sep high low. Once prices explode above this level, then our first bull target will be 60 cents and later 80 cents in line with our previous XRP/USD trade plans. All Charts Courtesy of Trading View Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. The post XRP/USD Price Analysis: Will the US SEC Comment on the Status of Ripple Token? appeared first on NewsBTC.

7 days ago

@kristof_cc @Yubico Great stuff! I think you’d be keen to ch...

@kristof_cc @Yubico Great stuff! I think you’d be keen to check out our principles that status is built on.…

7 days ago

Ethereum Adoption in Developing Countries Rising Exponentially: Lubin

Ethereum has been one of the worst performing cryptocurrencies this year. But, as a technology, the project is going places. Joseph Lubin, the co-founder of the Ethereum project, recently stated about how the Ethereum blockchain ecosystem is gradually improving the financial and technological infrastructures of many developing nations. The Canadian entrepreneur, also known for founding ConsenSys, a Brooklyn-based software-production studio, named Chile and Philippines as their prime adopters. Chile, for instance, employs Ethereum’s proof-of-work blockchain to track energy data. Their National Energy Commission stated in April that the reason why they chose Ethereum was for its ability to “augment levels of security, integrity, traceability, and confidence in the information available to the public.” The Energy Ministry wing also appreciated Ethereum for protecting data from hacking and manipulation. The Philippines, on the other hand, witnessed their banking giant Union Bank partnering with Lubin’s ConsenSys to develop Ethereum-based banking solutions for the country’s rural sector. The project saw its beginning at a time when 77% of the Filipinos remain unbanked, according to a survey conducted by the Bangko Sentral ng Pilipinas, Philippine’s central bank. Justo Ortiz, the chairman of UnionBank, said that Ethereum’s blockchain technology would help them “crack the hole of financial inclusivity.” Developing nations are employing blockchain tech to leapfrog outdated financial systems. -The Philippines is connecting rural banks via a crypto-cash payment system-Chile is using #Ethereum to track energy data-Cryptoassets are protecting millions against hyperinflation — Joseph Lubin (@ethereumJoseph) December 1, 2018 In another event from the Philippines, the government decided to offer Manila residents rewards in Ethereum tokens Ether for cleaning up their polluted beaches. Protection against Hyperinflation Lubin also noted the potential of crypto-assets like Ether, in general, to protect people against hyperinflation. The term refers to extremely rapid price inflation - especially when the value of a fiat currency drops 50% every month against the US Dollar, a universal fiat reserve. The direct impact of hyperinflation is on the citizens of the countries who now have to pay more money to pay for the same commodity. Zimbabwe, for instance, had abandoned their local currency after years of hyperinflation which at one point reached 500,000,000,000%. Crypto-assets like Bitcoin, Ethereum and Dash, have jumped at the opportunities to aid these hyperinflated economies lately. These crypto-assets are ideal because 1) they are not controlled by any government or central bank, and 2) they can be minted at home and then be exchanged or used as currency in the mainstream. Venezuela has become the prime example of an economy-gone-bad-and-tuned-to-cryptocurrencies-for-solace. Their hyperinflation began in November 2016, the highest in the world and the country’s history. Their hyperinflation status this year has reached 833,997% already, according to details available at Wikipedia. The Venezuelans, meanwhile, switched to crypto solutions to indicate the abandoning of their national Bolivar altogether. Dash, for instance, launched itself at the country’s paralyzed economy and got adopted firsthand by its merchants and people. The crypto project has now launched a payment service in the region, finding customers even in global brands like Subway and Calvin Klein. The blockchain technology is gradually becoming a go-to technology when it comes to solving financial and technological issues of economically-deprived nations. “Blockchain is more than a market. It’s a movement,” wrote Lubin. “Blockchains are solving real-world problems. Governments get it.” The post Ethereum Adoption in Developing Countries Rising Exponentially: Lubin appeared first on NewsBTC.

7 days ago

The Real Truth Behind XRP (Is it Half Crypto?)

XRP has recently been subjected to intense criticism over its status and where it stands. Many experts and analysts have said that XRP is not a real cryptocurrency for many reasons including the fact that it has no miners or mining. Of course, unlike Bitcoin, Ethereum, Litecoin, and other known digital assets, XRP is not mined but are powered through a streamlined blockchain to be fast and reliable. In the eyes of Anatoly Castella, the CEO of Elpis investment, XRP is far from the cryptocurrency family on the ground of “Its Centralized Blockchain and All XRP was mined at once.” “Ripple resembles a Fintech platform combining the best elements of fiat money and blockchain cryptocurrency. It is ‘Digital Fiat,’ not a cryptocurrency,” she said. Where it all begins When Bitcoin found its way into the digital and financial market, people who found interest in it were able to get access to them in two ways: mine or buy. The fact the Bitcoin was a decentralized and central bank or parent company has no hand in its operation made it unique and so different from the traditional issued currencies. Remember that Bitcoin and other known cryptocurrencies are known by their unique identity of being decentralized currencies, and being able to be mined like gold. This is where XRP becomes the odd one among the popular cryptocurrencies. All XRPs have been mined by the parent company, Ripple foundation, unlike the other cryptos. 100 billion units were produced, and 40 billion has so far been made available into the market. The remaining XRP are locked up in a smart contract that only makes a portion of it available every month. No doubt that XRP has been one of the most talked about cryptocurrencies this year, some analysts and critics still continue to bash the currency citing the currency as a “centralized coin and controlled by its Parent company”, Recently Craig Wright attacked XRP calling it a “security and biggest scam in the crypto space” and this is where the argument of being in the cryptocurrency class starts. To the Ripple foundation, this kind of innovation makes the digital asset feasible to bank utilization, explaining why Ripple has had a lot of partnerships with financial institutions, unlike Bitcoin. This mining side of XRP is so different from Bitcoin which has a Maximum supply of 21 million with an available supply of 17 million and mined by a group of people who have interest in using their computer power to get them out into the market. Note// Ripple is the company, and XRP is the currency. XRP is not Ripple. The post The Real Truth Behind XRP (Is it Half Crypto?) appeared first on ZyCrypto.

8 days ago

The Daily: Bitmain Launches Crypto Index, Xolaris Sets up Bitcoin Mining Fund

In this edition of the Daily, we cover Bitmain’s new cryptocurrency index and the establishment of a fund that will invest in bitcoin mining. We also look at a recently active online account that was previously associated with Satoshi Nakamoto, as well as the launch of a help center for defrauded crypto enthusiasts in Russia. Also read: Belarus Adopts New Regulations, Galaxy Digital Releases Q3 Results BLC10 Tracks Major Cryptocurrencies Chinese crypto mining giant Bitmain has launched its own cryptocurrency index. It tracks the performance of the largest and most liquid digital coins on the market and is denominated in U.S. dollars. The index is designed to meet the needs of both private and institutional investors, according to the Beijing-based company. The index page lists individual indices for 17 leading cryptocurrencies with their real-time spot prices in USD and BTC, updated by the second. A reference price is published once a day, at 10:00 a.m. Hong Kong time. Bitmain uses data from major exchanges such as Bitfinex, Binance, Bitstamp, Bittrex, Gdax, Gemini, Huobi, Itbit, Kraken, Okex and Poloniex. The aggregated Bitmain Large Cap 10 Index (BLC10) tracks the top 10 cryptocurrencies by market capitalization. The index is evaluated monthly to ensure its methodology and scope are up to date and representative. Xolaris Launches Investment Fund for Mining Projects German investment management company Xolaris has launched a private equity fund dedicated to bitcoin mining. It will invest in building infrastructure and acquire new hardware for different projects. The fund will also finance the expansion of an existing mining facility in Sweden. According to Xolaris, there’s continued demand from clients who want to participate in the mining industry, despite the recent downward trend in the cryptocurrency markets. They are welcome to support the fund with a minimum investment of €250,000 (~$283,000). The company hopes to raise between €30 million (~$34 million) and €50 million (~$56 million) for its four-year project. The expected rate of return is around 165 percent. The first investment opportunity has been identified already — a bitcoin farm with approximately 2,000 miners in Sweden. Its capacity will be expanded with capital accumulated in the Xolaris fund. The Konstanz-based group is planning to launch a similar fund also in Hong Kong. Satoshi’s Account Posts a Single Word: ‘Nour’ An account on the P2P Foundation network, once associated with Satoshi Nakamoto, has posted a one-word message after four years of inactivity. The status, simply reading “nour,” appeared on Thursday, Nov. 29, and has since sparked speculation in the crypto community about its meaning and authenticity. The account is linked to an old email address used by Nakamoto,, which was reportedly hacked in late 2014. According to one of the most discussed theories in the space, “nour” is the English transliteration of several similar words in Semitic languages, the meaning of which has the same root — “light.” In Arabic, “sabah el nour,” or “morning full of light,” is a common reply to “sabah el khair,” which means “good morning!” In modern Hebrew, “nour” means “flare,” and in Aramaic, “fire.” The long-dormant Satoshi account has also befriended another user, Wagner Tamanaha. According to his profile, Tamanaha is based in Brazil, and his picture and family name suggest he is of Japanese descent. The user, who is reportedly a member of the Brazilian crypto community, left a message for Nakamoto on Friday. The text is in Japanese and according to Google Translate it reads: “Nice to meet you. Thank you very much, I will do my best for Bitcoins from Brazil!” Russian Crypto Association to Help Fraud Victims The Russian Association of Cryptoindustry and Blockchain (RACIB) has launched a help center to support crypto enthusiasts who have been defrauded by scammers or unscrupulous companies. The organization also plans to actively cooperate with Russian law enforcement agencies and Interpol in the investigation of such cases, Bitnovosti reported. According to recently released data, the number of cyber crimes related to digital assets increased by 32 percent in Russia in the first quarter of 2018. RACIB’s project, the First Private Cryptocurrency Investigation Agency, will provide an array of services to cryptocurrency investors, including assistance in searching for stolen funds and assessing new investment opportunities in the crypto space. What are your thoughts on today’s news tidbits? Tell us in the comments section. Images courtesy of Shutterstock, HTP. Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we. The post The Daily: Bitmain Launches Crypto Index, Xola

8 days ago

Opinion: Why Bitcoin Will Be Just Fine

Several key events will take place on the digital money market next year that can seriously affect the situation in the crypto and Bitcoin community. In 2018, the prices of cryptocurrencies have been continuously decreasing, and Bitcoin (BTC) 00 has already fallen in price by 80% from $20,000 to $4,000. The total capitalization of the blockchain industry has decreased by 84%. If, in January, the market cap was $830 billion, then by the end of November the figure fell to $130 billion. Recently, interest in cryptocurrencies has been growing again and the market has risen to its values of April this year. The attitude of users towards digital currencies has undergone changes as well. According to Google Trends, most people are now wondering whether the bubble has burst, whether the current situation will lead to the depreciation of digital currencies and their ultimate downfall, given that the mood on the market is not very positive. Bitcoin has repeatedly dropped in price quite steeply, and if we compare its charts from 2018 with the values of 2014, we can see that the industry is currently in a similar situation that it was in four years ago. But, this situation applies only to the prices of cryptocurrencies. Much has changed since then in terms of market development, as governments have started regulating the digital industry, while some like the Chinese authorities have banned it altogether. Large financial institutions are constantly announcing plans regarding the launch of cryptocurrency-related products and integrating blockchain in their current business model. In September global banking giants UBS Group AG, Santander, Deutsche Bank, Bank of New York Mellon Corporation, and the British broker ICAP, teamed up to issue a new digital currency based on blockchain technology, which is supposed to be used for performing bitcoin transactions. However, the industry is only at the dawn of its development, so there are many obstacles that are preventing companies from entering the market. On September 20, the representatives of large Russian banks declared their readiness to work with cryptocurrencies, but they cannot start rendering such services due to the lack of regulation in the country. The banks officials also stated that there is considerable customer interest in digital currencies, and announced active testing of blockchain technologies. Many large organizations are preparing to enter the cryptocurrency market in 2019. These events can significantly change the situation in the industry, and the price of Bitcoin will rise once again, as predicted by such well-known experts like head of Fundstrat Tom Lee with his $15,000 mark forecast, Chairman of the New York Stock Exchange Jeff Sprecher with his “Bitcoin and digital assets are here to stay” appeal, and billionaire Mike Novogratz. The latter believes the market may see new highs in 2019: “I fundamentally think you’re going to see big adaption in 2019, 2020,” he said. “Lots of the items in the digital world, the e-gaming space, are low value items so I think people will be more comfortable participating in blockchain.” Bakkt — a Platform For Institutional Investors The operator of the New York Intercontinental Exchange (ICE) is preparing to launch Bakkt, a platform for institutional investors. Its first product will be Bitcoin futures with physical asset backing. The plan was that the platform would start working on December 12, 2018, but the start had to be postponed to January 24, 2019, due to the large influx of customers. At the end of November, head of Bakkt, Kelly Lefler, said that the current value of Bitcoin is not important for the company. In her opinion, it is now important to compensate for the missing infrastructure elements and unimplemented application scenarios, which will positively affect the development of the industry. Asked if price is important, Kelly Loeffler, CEO of @Bakkt, says it is immaterial to what the new platform is working on: "The price is being expressed but there’s a lot of missing infrastructure and use cases." #ConsensusInvest — CoinDesk (@coindesk) November 27, 2018 Fidelity Investments The Fidelity Investments holding company, which manages assets worth $2.1 trillion is launching its own cryptocurrency investment platform. The organization will not open an exchange for trading digital currencies, as it is preparing to release products for storing large volumes of assets of institutional investors who are interested in the industry. According to Fidelity President, Tom Jessop, market analysts, hedge fund managers, and family capital management divisions are actively involved in the development of cryptocurrency-related products and instruments. As such, the expert believes that the situation in the industry can change for the better. Bitcoin ETF and SEC The US Securities and Exchange Commission (SEC) is studying an application to launch a Bitcoin ETF from the SolidX cryptocurrency startup, which filed the applic

8 days ago

This Guy Believes Bitcoin Will Become A Reserve Asset And He Has Points To Prove It

Twitter has always been a hot space especially when influential people make posts about controversial stuff. One of the most controversial subjects of social media discussion today revolves about cryptocurrencies - and Bitcoin, to be precise. Bitcoin has long been touted as heading towards achieving the coveted status of a global currency, although there have been some stumbling blocks on its way. However, there are people within the crypto community who are willing to bet their whole online reputation on Bitcoin. One of such people just tweeted something that has crypto enthusiasts sitting up and taking notice. The Tweet In a tweet, Tuur Demeester didn’t mince his words in expressing his full conviction that Bitcoin is about to be accepted as a reserve asset. To put his point across, Tuur outlined a few facts about Bitcoin that makes the top crypto viable for the said position. First, he mentioned the fact that Bitcoin has been in existed for a whole decade, having been the pioneer cryptocurrency. Besides that, Bitcoin is a secure network with a stable and growing stack of functional protocols that foster user sovereignty and transactional privacy. It has a great liquidity cycle that makes it attractive for adoption by institutions. Also, Bitcoin is politically neutral. Tuur made sure to mention all these facts in his argument. What Others Say Tuur’s tweet went viral in an instant, reaching over 1,700 people who liked it and getting retweeted over 500 times. Numerous others came down to contribute on the thread. However, there are a few who expressed some level of skepticism about Tuur’s apparent projection, saying that Bitcoin is yet to jump all the hurdles in its way to such top position. For instance, one user explained that for the crypto to be approved as a valid Reserve Asset, it needs to first win the battle of adoption and be widely accepted as cash. Someone else noted that around 40% of Bitcoins are owned by only about 1,000 people. From a critical standpoint, that would obviously stand in the way of the crypto achieving the said goal. There wasn’t a shortage of Bitcoin supporters on this thread. One user said that the fact that Bitcoin has been has around for long and records huge volumes every day is proof enough that its system works and it’s here to stay. The post This Guy Believes Bitcoin Will Become A Reserve Asset And He Has Points To Prove It appeared first on ZyCrypto.

8 days ago

ICOs Use Sponsored Reviews to Attract Investors

Although the 2018 cryptocurrency bull trend has humbled many self-proclaimed crypto “experts,” the business of sponsored cryptocurrency reviews has continued to boom, influencing many market participants in the process. Also Read: Estonia to Tighten Rules for Licensed Crypto Companies ICOs Sponsor Social Media Influencers Hacken, a Ukrainian startup, partnered with social media influencers to promote its initial coin offering earlier this year. Dmytro Budorin, Hacken’s chief executive officer, said the company embarked on an extensive promotional campaign that leveraged social media to reach mainstream investors, after it successfully raised $3 million at the end of 2017. Hacken paid $7,500 to Christopher Greene, an Alternative Media Television (AMT) host, to review the ICO for his followers. The company chose Greene from a list of 200 prominent social media personalities within the cryptocurrency niche. He went on to produce a 25-minute video proclaiming that Hacken was a “huge market opportunity” with the potential to yield “1,000x returns.” The video, which has over 90,000 views, does not explicitly state that Greene received remuneration in exchange for producing the video. Instead, it simply directs viewers to a disclaimer on his website that concedes that he “may receive compensation for products and services.” Sponsored Content Sways Inexperienced Investors Larry Cermak, head of analysis at The Block, said he is concerned that sponsored reviews delivered by self-purported cryptocurrency gurus are driving new investors to make poor decisions. “The main reason why so many inexperienced individuals invest in bad crypto projects is because they listen to advice from a so-called expert,” he complained. Many unskilled investors “believe they can take this advice at face value even though it is often fraudulent, intentionally misleading or conflicted.” In a recent interview with Reuters, Hacken’s Budorin said that sponsored video reviews should feature tags identifying them as such. He added that the company’s decision to pay for positive reviews was “unethical.” Tim Glaus, co-founder of Swiss cryptocurrency ratings company Alethena, said the company has been approached by several individuals offering to arrange paid-for ratings from Icobench experts. Maxim Sharatsky, the chief executive officer of Icobench, acknowledged that the platform has accidentally published reviews that were sponsored by ICO issuers. “We have more than 16,000 ratings on our platform. Unfortunately, we have (had) accidents with sales (of) ratings, and it’s very bad. It’s a problem for me, for our platform and for all interested,” Sharatsky said. Icobench Authors Reprimanded for Paid Reviews Markus Hartmann, another Alethena co-founder, revealed earlier this year that he was contacted by two individuals in May offering to broker five-star ratings on Icobench for $500 each, for which the broker would take a $50 commission. Hartmann negotiated for two five-star reviews in exchange for $800 worth of ETH. The reviews were published within 30 minutes of finalizing the negotiations. Based on the speed with which the stories were published, Alethena believes that the sponsored reviews were written by Icobench authors Daniil Morozov and Antoly Bordyugov. Alethena’s public disclosure of the sponsored reviews prompted Icobench to conduct an investigation into the reviews. The investigation found that both authors had accepted payments in exchange for the reviews in question. Both authors were stripped of their “expert” status on the website and their reviews were deleted. Do you think that sponsored reviews influence the trading decisions of new investors? Share your thoughts in the comments section below. Images courtesy of Shutterstock At there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. The post ICOs Use Sponsored Reviews to Attract Investors appeared first on Bitcoin News.

9 days ago

‘Nour’ and a New Friend: Satoshi Nakamoto's P2P Profile Makes New Post, Befriends User

An account once associated with BTC creator Satoshi Nakamoto on non-profit global network P2P Foundation has posted a one-word status update and befriended another user

9 days ago

South America: Crypto and Blockchain News Roundup, 23rd to 29th November 2018

South America Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. Brazil Expert predicts Bitcoin will fall before going on bull run: With the Bitcoin price index reaching record low levels for over a year during the last few weeks, one Brazilian cryptocurrency trading expert has predicted that the Bitcoin bears will continue their run before future price consolidation. Courtnay Guimaraes, a partner at trading company Idea Partners, believes that 2018 was largely a bear market and it will probably continue till the end of the current year because of various challenges to the sector. But despite the short-term negative outlook, Guimaraes believes that the cryptocurrency market will come out stronger than ever. Study points out challenges for Bitcoin adoption in Brazil: According to a recent study conducted by the International Data Corporation (IDC), Brazil is still struggling to adopt blockchain technology and its applications in different sectors. The survey revealed that a majority of Brazilian companies aren’t working with the decentralized technology and many do not intend to develop such technologies in the near future. Only a paltry 4% of the companies have made some progress in the sector according to the IDC survey while cloud applications have had 80% success rates in recent times. While the results may not be that encouraging for the blockchain sector, this waiting position when it comes to innovation and advancement is quite common in the Brazilian sector. If the blockchain adoption becomes universal, then the local Brazilian startup should quicken the pace of adoption as well. Athlete looking to compete in Tokyo 2020 Olympics after Bitcoin sponsorship: A Brazilian athlete looking to compete in the 2020 Summer Olympics to be held in Tokyo has successfully received sponsorship in BTC by a cryptocurrency exchange. 3xbit, a Brazilian exchange, sponsored Mikhail Luiz, a karate national champion in the 75 kg category to realize his dream. Some less popular sports are not funded properly by the government and athletes are forced to get their own sponsorships from companies to train. Luiz will become the first athlete to be sponsored with a Bitcoin exchange to compete in the Olympics. CVM plans decentralized system of unique IDs for crypto investors: The Brazilian Securities and Exchange Commission (CVM) is looking to create a single database of the country’s cryptocurrency investors using a decentralized approach. According to the news broken by Valor Economico, the top regulatory authority is planning to integrate the data with the Central Bank (BC) and Superintendent of Private Insurance. The project will use Microsoft Azure for the purpose. A partnership with the Institute of Technology and Society of Rio (ITS Rio) has already been signed by the regulator. Argentina Bitcoin ATMs plan hits snag: An ambitious plan by the government to open thousands of cryptocurrency ATMs across the country has been postponed by the government. Two ATM companies including Odyssey group and Athena Bitcoin had announced several hundred new Bitcoin ATMs in the country but now their ambitious plans are postponed due to the interference of the central bank’s local market partners. Cryptocurrency ATMs are likely to bring an alternative investment opportunity for Argentinians to circumnavigate rampant inflation but their lack of presence in the country may prove to be a challenge. Venezuela Crypto bill approved for validating Petro and its circulation: A new bill has been passed by the Venezuelan Constituent Assembly that validates the status of Petro and its regulation. The new law with its 64 articles and five transitory positions proposed by the president himself is now officially recognized as a unit of commercial exchange. Follow on Twitter: @bitcoinnewscom Telegram Alerts from Want to advertise or get published on - View our Media Kit PDF here. Image Courtesy: Bitcoin News The post South America: Crypto and Blockchain News Roundup, 23rd to 29th November 2018 appeared first on

10 days ago

Fidelity Dives Deeper With Top Performing Cryptocurrencies

Fidelity Investment, which is one of the largest asset managers in the world stepped into the revolutionary Cryptocurrency market in October. It planned initially for the institutional Cryptocurrency platform called Fidelity Digital Asset Services to include Bitcoin (BTC) and Ethereum (ETH). The latest announcement suggests that it is looking at expanding beyond BTC and ETH. The head of Fidelity Digital Asset Service, Tom Jessop explained to CoinDesk at the Block FS Conference in New York that the top Cryptocurrencies in terms of market capitalisation have a high demand. Thus, Fidelity Digital Asset Services will soon allow institutional investors to start trading in Cryptocurrencies such as XRP and Stellar. Tom Jessop leads Fidelity Digital Assets, with an experience that includes finance and technology. For example, he was the president at a tech startup called Chain. He was also a managing director at Goldman Sachs Group Inc. Fidelity has spent four to five years of R&D in the Cryptocurrency space which Jessop compares to the extravagant development of the internet. Zerocrypted Opinion Fidelity is one of the five largest financial service providers in the world, maintaining about $2.5 trillion in client assets as of May 2018. Therefore, investors are looking for a more sophisticated and secure company to place their trust in Cryptocurrency. As a result, Fidelity which is a known and valued company getting in the Cryptocurrency scene helps institutional investors trust Cryptocurrencies. The Cryptocurrency offering has already proven to be successful with Cryptocurrency services offered to more than 13,000 clients. Above all the steps taken by Fidelity will expand institutional investors in Cryptocurrency to retail investors. Similarly, to how the CME and CBOE Bitcoin Future markets paved the way for retail investors in Bitcoin futures. However, in this case, it will be for a wider variety of digital assets. In conclusion, Fidelity has a massive role in changing the current bear markets of Cryptocurrency given its status of experience of 72 years. Image Source - Pixabay The post Fidelity Dives Deeper With Top Performing Cryptocurrencies appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

10 days ago

Dogecoin Price Doesn’t Budge as Stable Momentum Prevails

As the overall cryptocurrency industry momentum sours again, prices are falling across the board. This is not entirely abnormal, as most currencies derive value from Bitcoin itself. In the case of Dogecoin, the negative trend is less severe, although still somewhat visible. If these losses can be minimized, Dogecoin may be among the first currencies to recover. Dogecoin Price Rebound Remains Elusive Whereas most people would assume the year 2018 to end on a high after all, things often turn out very differently. Bitcoin’s gains earlier this week have all been negated in quick succession. Although the overall market cap has not dropped to $125bn again, it seems the coming weekend might not necessarily too much relief in this department. Dogecoin, however, seems to be doing things a bit differently. In the past 24 hours, there has been a minor Dogecoin price decline. This 1% dip is not necessarily something to be concerned about, considering how most of the top currencies show a very similar loss right now. There is also a 0.9% loss in the BTC department, which is only to be expected when Bitcoin bleeds value. As such, it seems Dogecoin successfully maintains a status quo right now, although a bit of an uneasy one. Looking at social media, there are some questions as to whether or not the Dogecoin - ERC20 bridge is coming to market anytime soon. Ever since its announcement several weeks ago, not much has been talked about. Building such solutions takes time, and it will be a while until this concept succeeds in hitting its full stride. It is still something to look forward to regardless. #DogeCoin who is working on Eth bridge? Any update on release? — David e watson (@Davidewatson2) November 30, 2018 It would appear Jeopardy, a somewhat popular US TV show, has mentioned cryptocurrencies this week. Considering how most people can barely name five currencies, it would not be entirely surprising to see Dogecoin getting a mention. Steven Lambert certainly hopes that wasn’t the case, even though it wouldn’t be out of place in the slightest. Dogecoin is a cryptocurrency like any other, and a rather successful one at that. Crypto currencies on jeopardy tonight... swear to god if I hear #doge I’m gonna lose it. — Steven Lambert (@FunnelDog) November 30, 2018 When looking at the Dogecoin chart from a technical analysis perspective, it seems the market can easily swing either way. CryptoFab has high expectations, as he predicts a 2x gain in the coming 4-5 weeks for the DOGE/BTC pair. That is certainly a possibility, although it remains a bit unclear if and when Dogecoin can hit the 100 Satoshi mark again. Nothing is impossible, but the current overall trend remains bearish. $DOGE #DOGE (Weekly) Bullish On Doge.. Reversal Candle..2x Gain Potential In 4-5 Weeks..$BTC $ARN $XLM $ZEC $QLC $AION $MDA — CryptoFab (@CryptoFaibik) November 30, 2018 Keeping all of this information in mind, it will be interesting to see how the Dogecoin price evolves moving forward. The value should remain above $0.002 for the foreseeable future, but no real increase is to be expected given the current momentum. If Bitcoin were to recover miraculously, anything could happen, but right now, maintaining the status quo isn’t all that bad either. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Dogecoin Price Doesn’t Budge as Stable Momentum Prevails appeared first on NullTX.

10 days ago

Bitcoin Itself is a Soap Bubble, Says the Russian Economy Minister

Speaking to the media on Wednesday at Russia Calling, Maksim Oreshkin, the Russian Economic Development Minister, said that bitcoin has deflated like a “soap bubble,” but it has impacted the world positively by boosting investment in new technologies. Even though the legal status of crypto trading, ICOs, and mining have not been firmly established in the country, the country is examining the possibility of skirting US-imposed sanctions using cryptocurrency as a primary solution. In fact, during this year’s FIFA World Cup which held in Russia, some hotels and selected hospitality spots accepted cryptocurrency as a payment method. At the press time, Bitcoin(BTC) is trading at $4,295.24, up 2.88% in the past 24 hours. (RL)

10 days ago

National Lotteries in Africa? Yes, GG World Lotto Made It Possible!

GG World Lottery is in the limelight since long and there is a good reason for it. GG World Lotto has recently expanded its reach into the African lottery market. The ICO has been created by Mark Hutchinson, member of a founding State of Lotto America and former Director of the Kansas Lottery, and is lining up industry-wide expertise coupled with a transparent and effective blockchain system built on Ethereum blockchain. And now, GG World Lottery has introduced the national lotteries mechanism in African region. About GG World Lottery Using Ethereum’s blockchain infrastructure not only allows GG World Lottery to leverage existing technology to create a transparent and global lottery system, but it also allows the creators to eliminate the lottery terminals and game machines, in favor of mobile phones. The new lottery system will allow anyone from anywhere to join the gaming experience while reducing the overall cost of operating a lottery program. GG World Lottery is a project which sets out to introduce a brand new, entirely online, transparent, government-backed lotteries. Tapping into the unlimited potential of blockchain-based technologies, the project also aims to deliver unparalleled securities. The team is creating multiple African lotteries which are mobile friendly, regulated, and online-based. Expansion to Africa GG World Lottery will introduce numerous African lotteries - entirely online-based, mobile friendly, as well as regulated by the government. GG World Lottery’s move to enter the African lottery market is based on the huge potential offered by the region. It is part of the company’s initiative to establish presence in not just developed but even developing countries. By doing so, it promises a universal high-quality lottery system for everyone, irrespective of the region they are in and which lottery they play. GG World Lottery has already signed various NDAs with official regulatory bodies in African countries. Lottery tickets from the company will be available on national lottery websites. According to the current status of the project, it owns 17 licenses in 12 countries that includes a potential market of 500 million people. Africa is Booming Africa holds a huge potential to grow its economy in the next coming years. Despite the global downturn, its GDP is expected to raise by $1 trillion within the next 8 years. Furthermore, Africa is expected to have the largest labor force in the whole world by 2040. In the 15 most developed countries in Africa, 90 percent of the consumers have access to mobile phones, and it’s currently the largest and the fastest growing mobile phone market of the world. Lifetime Revenue & Unparalleled Transparency Every single GG World Lottery token holder will be able to earn lifetime revenue shares in the form of quarterly paid dividends based on every GG World Lottery Jackpot prize win. The project will also bring unparalleled transparency because of the utilization of blockchain technology. It also allows for the system to be monitored, as well as certified, by Gaming Laboratories International - a world-class gaming certification business. GG World Lotto is following strict KYC whitelisting procedure. If you want to be a part of its on-going pre-sale, visit their official website. Stay tuned on their Twitter and Facebook page to receive regular updates or join the live discussion at their Telegram group! The post National Lotteries in Africa? Yes, GG World Lotto Made It Possible! appeared first on Live Bitcoin News.

11 days ago

BitMart announces strategic partnership with Tron

In an effort to reach a consensus in the blockchain community, BitMart Exchange will be listing Tron [TRX], one of the largest blockchain-based decentralized operating systems in the world. Tron is a well-known blockchain-based content delivery, storage and streaming platform. The Tron protocol offers base public blockchain support of high throughput, high scalability, and high availability for all decentralized applications in the ecosystem. Moreover, TRON uses invaluable feedback and constructive ideas from the blockchain community to improve the DPoS mechanism which avoids current PoW mechanisms’ high energy consumption, low efficiency and low TPS. Tron aims to build an ecosystem that everyone can participate in and benefit from with the Tron network. Its wide variety of affiliated DApps not only render users reduced costs, but also improved convenience in daily life and financial return. By deploying their DApps on TRON, developers can expand their scope of business and bring publicity to their values and beliefs. Witnesses support the functioning of TRON network and gain remuneration for their effort. In short, everyone can devote themselves to the construction and get rewarded for their commitment. On July 24th, TRON acquired the major P2P platform operator, BitTorrent Inc. Once transmitting 40% of daily internet traffic, BitTorrent remains its status as the world’s largest decentralized protocol. According to the CEO and co-founder of the TRON Foundation - Justin Sun, the two platforms will be wholly integrated regarding a new project - Atlas. The blockchain project currently is working towards developing a custom token that will drive BitTorrent network. As the network will be working more efficiently, Tron promises faster download speed and a clear incentive to enable users to be part of it. TRX token can be used to vote for super representatives and obtain bandwidth in Tron network. From the successful launching of TRX20 token based on Ethereum’s protocol to the migration of Mainnet Odyssey 2.0, Tron is moving towards one of the mainstream public blockchains over the world. So far, TRX has been flooded with a million transactions on a daily basis. On top of this, it has also been listed on an array of top exchanges in Turkey and United Kingdom. “Public chains give developers and users access to the network with only one entrance and are based on one set of standards”, said Sheldon Xia, Founder & CEO of BitMart. “As BitMart’s long-term vision is to help reach a consensus in the blockchain community, our partnership with Tron will undoubtedly facilitate us to achieve this ambition based on our shared goals.” About BitMart: BitMart Exchange is a premier global digital asset trading platform in the cryptocurrency market with over 530,000 users worldwide and ranked among the top 10 cryptocurrency exchanges on CoinMarketCap. BitMart currently offers 161 trading pairs with one of the lowest trading fees in the market. BitMart has opened credit/debit card deposit options and will offer full fiat service by the end of 2018. BitMart also announced A Special Thanksgiving Treat, new users can enjoy 50 BMX for sign-up by using invitation code: Thanksgiving [invitation link]. To learn more about BitMart, visit their Website, Twitter or join their Telegram. The post BitMart announces strategic partnership with Tron appeared first on AMBCrypto.

11 days ago

How to Setup a Nullex (NLX) Masternode

This is a tutorial on how to setup a NulleX Masternode. NullTX and NulleX are official partners and NLX is our official cryptocurrency. NulleX is a privacy centric cryptocurrency similar to Dash and PIVX. If you are familiar with how masternodes work with DASH / PIVX, they work pretty much the same with NulleX. Before we start, keep in mind you do lock away 50,000 NLX in order to start the masternode, at the current price that is roughly $675. The good news is, you do not need any programming experience to set up the masternode. Without further ado, let’s get started. Step 1: Create a VPS and Download Putty We will be using Digital Ocean as our VPS provider, so go ahead and create an account on When creating the VPS, make sure it is an Ubuntu 16.04 x64 operating system, NOT Ubuntu 18 or 14. That is important to ensure that the install script works correctly. Also, make sure to enable IPv6 and Private Networking support, which is important if some time in the future you decide to run multiple NAVs on a single VPS. For simplicity’s sake, for this tutorial we will only set up a single masternode on the droplet. Once you create the VPS, you will receive an email with information that looks like this: Droplet Name: nullex-nav-tutorial IP Address: Username: root Password: f21ce8da673a5440ff95730d65 Next, download and install Putty from This is the program we will be using in order to communicate with the VPS and configure the masternode. Step 2: Login to the VPS and add a user Go ahead and run Putty in the host name enter the IP address of the droplet that you received in your email, in our case it will be, keep the port at the default value (22). Click open and if you get a Putty Security Alert notification just hit yes, you should then see the following: Type in root, then copy past the password that you’ve received in the email. When pasting a string in putty simply right click. You won’t see anything happen in the terminal but that is due to security. Just press enter again and follow the prompts by pasting the password one more time then setting a new password. At this point you should see something like this: We do not want to be running commands as root, it’s just bad practice. So let’s create a user and give it sudo permission. Run the following 2 commands: adduser nullexnav1 usermod -aG sudo nullexnav1 Follow the prompt after the first command and once both are complete close the terminal window. Go ahead and start up putty one more time, put the same IP address in the host field, but this time login as nullexnav1 NOT root. Step 3: Download and run the install script Big shoutout to Joe Uhren aka NLXionaire from the NulleX Technology Team for creating this script, it makes life so much easier when setting up the masternodes. Run the following commands: git clone cd ./nullex-nav-installer chmod +x ./ sudo ./ -N 4 At this point the install file should begin working and after a minute or two you will be greeted with the following prompt: Don’t worry about it, just hit enter with the default selected option. You will see this prompt one more time, once again simply hit enter. Once you are passed that, you will see the script start syncing with the blockchain. At the time of writing it takes about 10-15 minutes to complete. Once the sync is done, you will be greeted with the following: The value we are interested in is the one highlighted. This is the masternode private key, do not share it with anyone. Copy it and save it on a notepad because you will need it later. In our case the private key is: 88upKZ7aEwQ7uPWD47tDXVgK99tMfJLUA1gp7ZQD7tGRUNdHWTS Step 4: Download the Windows-qt wallet, sync it, encrypt it, and send 50,000 NLX This step is pretty self explanatory, download the latest windows wallet from the NulleX website, run it and let it fully sync. Once the sync is complete, generate a new address. Go to Tools -> Debug Console, and type in the following command to get a receiving address: getaccountaddress nav1 NOTE: You can use any label for the address it doesn’t have to be nav1. Save the receiving address as that is where you will want to send exactly 50,000 NLX. Before, sending any coins to the wallet make sure that it is encrypted. Go to Settings -> Encrypt Wallet. Make sure to save your passphrase because if you lose it your funds are lost for good. At this point feel free to send the 50,000 NLX to the previously saved address and wait for the transaction to fully confirm. Step 5: Start the Masternode on the cold wallet At this point we are almost ready to start the masternode. Go to the debug console again (Tools -> Debug Console), but this time type the following command: masternode outputs The result should be a json string with 2 values, the transaction hash and the output index: Save both the txhash and the outputidx in the notepad.

11 days ago

New Wreck it Ralph Film Has Blockchain Cameo

A blockchain platform’s logo has been spotted in a scene from the sequel of the Wreck it Ralph animated movie. Apart from being one of the most searched words on the internet and retaining its status as the buzz word of 2018, crypto seems to to have penetrated every level of popular consciousness, including even Hollywood. Discussed for some time on different forums, the spotting of cryptocurrency network SAFE logo in the film was shared online via a photograph taken during a cinema filming. The SAFE logo is clearly visible along other notable internet companies. The interesting thing is that SAFE itself seems to have no idea how it ended up next to some of the biggest names like McAfee and others. The SAFE network responded to its presence in the movie through their official forum account, claiming it had no hand in it: “Hey all, we’ve been watching this one with interest - thanks to everyone who’s pinged us over the weekend to give us the heads up! We’re trying to do a bit of digging to find out more - but, most excitingly, this isn’t something that we’ve worked on directly within the team.” SAFE suggests the appearance could be linked with its connections with Silicon Valley HBO series 5 but appears convinced Disney chose the logo “for a good reason”. Not the first instance of cryptocurrencies being mentioned or given a nod in popular entertainment, this is, however, the first time a decentralized platform or token has appeared on the big screen. Cryptocurrencies have been mentioned on television for quite some time now. The Simpsons, House of Cards and even Supernatural referenced the technology as early as in 2012. There is also a movie titled ‘Crypto’ now in the making that tells the story of money laundering using digital currencies. Follow on Twitter: @bitcoinnewscom Telegram Alerts from Want to advertise or get published on - View our Media Kit PDF here. Image Courtesy: The post New Wreck it Ralph Film Has Blockchain Cameo appeared first on

11 days ago

Blockchain & Bitcoin Conference Malta: Results of the large event on crypto island

On October 23, the international company Smile-Expo conducted the second Blockchain & Bitcoin Conference Malta. Crypto meeting has become the 50th anniversary event of the company’s blockchain series and has been visited by the CEO of Malta Digital Innovation Authority - the main blockchain regulator in the country. Speakers and Key Points At the conference, leading experts have come together to share knowledge about the DLT industry’s trends. The program of the event has included 5 panel discussions where speakers focused on DLT and IoT, Tokenization, Legal Side of Crypto, ICOs, and Blockchain Hacking. Opening of the Event The conference was opened by Stephen McCarthy, CEO of Malta Digital Innovation Authority [MDIA] - the regulator responsible for technology promotion and expansion in the country. The investor & Deputy CEO at DLT-based solutions provider Fundshing - Bruce Jeong - has also delivered the welcoming speech to the guests of the event. He has presented the Smart Crypto City project and explained how the technology can be used in cities. New DLT Uses The main focus of the conference was the panel discussion about DLT integration in various sectors. The partakers have presented the possible technology uses for transportation, real estate sector, medicine and AI. During the discussion, Yael Tamar, CMO of iOlite, has drawn attention at how DLT can improve logistics. According to the expert, the global supply chain is huge, however, inefficient due to the lack of traceability and cargo thefts. She suggested a solution - applying DLT as she sees it as a perfect match for the industry. To make the argument legitimate, she has talked about the real example from Olistics, the company which launches a PoC demonstrating live shipments and changes-of-custody in real-time including the ability to monitor cargo conditions. As of September 2018, hundreds of smart contracts are already deployed. Juergen Hoebarth, founder of Tokenization Limited, told the listeners about the ways DLT is transforming supply chain as well and presented the real cases of the technology use in flight insurance, gaming, real estate and healthcare. He believes that DLT assists in knowing the status and condition of every product. Also, with its help, consumers can learn where their purchases come from and how they were produced. The technology can even help to confirm that diamonds and some precious metals are free from conflict. Legal Aspects of the Technology The other panel discussion was dedicated to the regulations of the technology. Participants have analysed how DLT complies with GDPR and made a comparison of tax rules in Malta, Switzerland and the US. During the discussion, guests of the conference had a chance to talk to the leading lawyers, ask questions and get consultations for free. Raising Capital with Reg D Gordon Einstein, Founding Attorney at CryptoLaw Partners, described how to gather capital with Reg D - Securities and Exchange Commission [SEC] regulation governing private placement exemptions. He explained to the audience how to use Reg D and stay out of legal troubles on the way to fundraising success. According to Einstein, the “do’s” for using Reg D include conducting a “private placement” of securities and raising unlimited capital from an unlimited number of “accredited investors.” Among the “dont’s” there are messing around with “unaccredited investors” and misrepresenting material facts. Trading with Success Cryptocurrency trading was analysed by the founder & CEO at Midas Touch Consulting and professional trader - Florian [Florzinho] Grummes. For successful deals on exchanges, the expert advised the audience to create a plan, consider position sizing and develop a principle-based approach. “Psychology is at least 80% of your trading success,” believes the specialist. Exhibitors and Sponsors At the event, visitors had an opportunity to visit a demozone where companies have demonstrated their latest developments in the cryptocurrency industry. Various mining accessories and new software have been exhibited. Software company PickPack with offers new ways for approaching logistics was a participant of the demozone. The organization presented solutions for last-mile and same day deliveries. B2B application KYC-Chain has acquainted the visitors with solutions for managing KYC processes for both individual and corporate customers. Among the products of the platform, there are special templates and API to make the compliance process easier. The company Hotmine which provides a new insight into mining was the Mining 2.0 sponsor of the conference. The silver sponsor - Steve Muscat Azzopardi, the Head of Corporate & Fintech at the Maltese law firm Chetcuti Cauchi Advocates. He has also delivered the presentation “Smart Contracts - from Hype to Business.” The investment partner of the event - TaaS Capital Fund [NCF] which enables the easy cryptocurrency assets management. Investors Major investment companies and ven

11 days ago

The CEO of the Intercontinental Exchange (ICE) is Sure of the Success of Crypto Irrespective of Bitcoin’s Market Value

Bitcoin which is currently going through a major drop in price and market capitalisation has so far received support from prominent investors, commentators and crypto enthusiasts. The CEO of the Intercontinental Exchange (ICE), Jeff Sprecher has also made his stance known regarding the current status of the market. ICE CEO is Positive At the […]

11 days ago

CoinAdvice Conference 2019

CoinSpeaker CoinAdvice Conference 2019 Covering three days on significant topics from leading industry cognoscenti’s to emerging ground-breaking brands with diversified products and services leveraging blockchain technology which is in the process of earning credibility eventually. The conference is scheduled from March 4 to 6, 2019 in Pattaya, Thailand. The principal focus of the event is to upend the status quo and connect with global influencers, philanthropist, government personnel, policymakers, blockchain startups, and upcoming ICOs from across the world with a unique concept of having Coin Owners who are listed below the series of 1000 records on Coin Market Cap. The conference embraces the resonating industry and promotes the elevated opportunities which have come in the new face of industrialization in association with the Tourism Authority of Thailand. The conference will witness over 50+ media houses along with numerous investment funds, industry leaders, think tanks, family offices, VC firms, institutional, and private investors. The structure of the event will be a hallmark on a cryptocurrency and blockchain industry endeavor which will showcase a growing awareness on the ethical principles that the economies require to grow further. Theme of the CoinAdvice Conference 2019 Future of Cryptocurrency and Blockchain for 2019 The Conference’s Highlights Include 3 Days - High profile networking 25 ICO’s 15 Influencers 100+ Speakers - crypto entrepreneurs, visionaries, world thought leaders and global transformers 1500+ Attendees - experts, entrepreneurs, enthusiasts, executives, investors, and policymakers 50 Exhibitors - showcasing disruptive and transnational projects, innovative ideas, and latest trends in the blockchain domain 48 countries - Presenting their respective blockchain ecosystems and initiatives 50+ Media partners The conference is privileged to have some of the world’s most influential and authoritative speakers, some of whom are global transformers in the cutting-edge blockchain domain. Split across three tracks, the conference’s agenda will address a range of discussions including: Introduction to disruptive decentralized companies listed on CoinMarketCap, Future prospects of Digital Assets & cryptocurrencies, and Countries presenting their modern initiatives on blockchain technology. The conference will illustrate an unprecedented agenda «Future of Cryptocurrency and Blockchain for 2019» with an energetic track which is assigned for crypto friendly governments who will be showcasing their ecosystems. Global, transformative, and mind-blowing announcements are expected to be made. The conference will witness an engaged audience of C-level financial services and enterprise tech executives, cloud providers, CEO’s from disruptive start-ups, government, policy leaders, venture capitalists, developers, startups, investors, media, and indeed, many more. A noteworthy feature of Coinadvice Conference is the VVIP Networking Lounge - an exclusive networking area where the brightest startups will have access to fellow coin owners, speakers, participating investment funds, VC firms, and family offices, with billions of dollars under management. An ICO Pitch contest with 60K prize pool to be distributed in three prizes which will be held alongside the conference. The contest will feature a number of ICO companies and investment funds. The price distribution will be generously provided by our sponsors accordingly: 1st Price - $ 30,000 2nd Price - $ 20,000 3rd Price - $ 10,000 Last, but not least, the conference abounds in a rich networking programme ranging from post-conference receptions to private VIP retreats which will prove momentous in weighty partnerships for the growth and development of the economies. Tickets are available on CoinAdvice Conference 2019

11 days ago

.@eugeo unpacks the goals, challenges and solutions around d...

.@eugeo unpacks the goals, challenges and solutions around designing the first version of the Status voting ÐApp in…

12 days ago

Dash POS App Spark Payments Among the Winners of Wyoming Startup Challenge

Spark payments (Formerly DashPay POS) a Point Of Sale software for Dash cryptocurrency just won the Sheridan 2018 Startup Challenge organized by the Wyoming Technology Business Center. Spark earned a $5,000 cash reward, 10 hours of pro bono legal advice from Davis and Cannon of Sheridan, and an office space for one year to incubate the project and help the team push its development further. More funds could also be at reach for Spark Payments, given that the winning projects of the contest were eligible to apply for additional fundraising. In fact, The Sheridan Press reported that a $50,000 seed fund was established for the event, to support the winning Startups financially. Kodaxx, from his real name Spencer Kuzara the front-end developer behind the product revealed in a podcast, streamed live on November 23rd to Dash Force News, that the funds earned were much needed at this point. He added that the only resources the product was able to get so far, came through one proposal submitted to Dash Treasury and another one to Dash Boost. Kuzara also claimed that he contributed to funding the project with his own personal savings. It is worth mentioning that Dash Treasury is a Decentralized Entity under the Dash DAO Umbrella that funds project deemed beneficial to the Dash ecosystem based on a Masternodes voting system. Dash Boost, on the other hand, is a micro treasury system that enables lower budget proposals to access the Dash DAO by replicating the current treasury system on a smaller scale. Kuzara also declared to Dash Force News that Spark completed the integration of CoinText, allowing non-smartphone users to use the product via SMS texts. Funds for Marketing and Development of a Hardware Component Speaking of the event, Kuzura revealed that around fifty applicants took part in a challenge and that a committee of Judges shortlisted five projects as potential winners. From those five finalists, only three were selected as winners, which are ThermMaker, Connect Speech Therapy, and Dash’s Spark Payments. Kuzara alleged that Spark would allocate the biggest portion of the prize to cover marketing/branding operations, with the rest of the funds to be split among hardware development and various operational costs. He added that getting the name trademark is the next milestone Spark is focusing on reaching. Kuzara invited the city of Sheridan, Wyoming to help the project grow by getting business owners and merchants to adopt Dash as a payment means for their goods and services. Spark Payments is already a working Beta version, and the final product release could take place within the next months. A Closer Look Into Spark Payment Spark Payments is an external terminal app that processes Dash payments for merchants. The way the app works is by having the merchant first enter the sale amount in his local currency. The app would then generate a QR code for the customer to scan, with the exact amount of Dash to send to the merchant’s wallet. The terminal then provides feedback on the status of the payment (received, partial, regular or InstantSend) and supports FIAT conversion through Current features offered by Spark payments as of November 21st cover support for 167 currency exchange rates, a service in twelve languages, a Password protected settings page, QR code scanner for entering addresses and CoinText support. The app is available for Android, Windows, macOS, Linux and web users in the Spark Payments official website. Dash POS App Spark Payments Among the Winners of Wyoming Startup Challenge was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

12 days ago

BORA Hosts Meetup in Korea to Discuss Development, Partnerships, and Business Direction

CoinSpeaker BORA Hosts Meetup in Korea to Discuss Development, Partnerships, and Business Direction The meetup began with a greeting from WAY2BIT CEO Song Gyehan who provided a status update on the BORA blockchain platform. He also discussed the future business direction of the ecosystem as well as the status of partner projects that are currently in development. WAY2BIT CEO Song Gyehan introduces the BORA ecosystem and discusses future business direction. WAY2BIT CMO Lee Seung-hee announced plans to list the BORA token on exchanges later this year. He explained that they are currently in negotiation with a number of local and foreign exchanges and are preparing for listing before the end of 2018. WAY2BIT CTO Lee I-Goo introduced the BORA public beta named BORA LAGOON which launched in Q4 2018. He further explained that the team is focused on development of the main BORA release, which is expected to launch in Q2 2019. The BORA ecosystem uses a dual blockchain structure which consists of an idyllic mainnet and multiple side chains. Each side chain set can handle 2,200 TPS (transactions per second). The BORA solution is modular and expandable. For example, a five-set side chain would have a capacity of 11,000 TPS by utilizing the 2,200 TPS per side chain across all five sets. Lee I-Goo also explained that there are no structural limitations for side chain expansion, so performance can theoretically be expanded indefinitely. A scene at the BORA meetup held at DECENTRE blockchain café in Gangnam on November 22nd. In the second section of the meetup, partners presented on various areas such as gaming, music, webtoons, healthcare, and real estate. They also provided updates on partnership progress. CEOs and high-ranking officers from companies such as BlockWater Capital, Emong Games, ENP GAMES, Neon Games, SUPERTREE, UNIT5, Assum Ventures, HURAY POSITIVE, MODU TOWN, WISEPEER, and INFOSEED announced partnership cases with BORA, citing the platform’s flexibility. WAY2BIT CEO Song Gyehan provided his closing remarks: “Thank you for your interest and support during this meetup. We will concentrate on the development and expansion of the BORA system which anyone can use in fields such as gaming, music, webtoons, healthcare, and real estate, in addition to the area of digital currency. Thorough testing is conducted continuously to provide stable and reliable service.” Founded last December, WAY2BIT is the developer of blockchain-based digital content platform BORA whose team consists of staff specialized in platform development, infrastructure deployment and operation, service system development, and game creation and services. As a blockchain platform based on the BORA token economic structure, BORA can be used in a variety of industries such as gaming, music, and digital entertainment, making it possible to build digital ecosystems and transparently circulate digital content. BORA is being developed with the goal of improving the reliability of existing digital content platforms and developing a stable and reliable platform for users to recognize the value of digital assets. BORA Hosts Meetup in Korea to Discuss Development, Partnerships, and Business Direction

12 days ago

[AMA] We're Authority Node Operators, the coalition of companies decentralizing the Factom Protocol. Ask us anything!

**Authority Node Operators will begin answering questions at 18:00 UTC on November 29th.** **Who We Are** We're a group of 20 of the 26 (eventually 65+) Factom Authority Node Operators (ANOs) who have decided to take part in an AMA. Authority Node Operators are companies that operate the server infrastructure that decentralizes the Factom protocol. We are also charged with, "Furthering the Protocol" in whatever ways we choose. In return for our services, we earn 1,123 FCT per server, per month, minus "efficiency". If we don't do a good job, our status as an ANO can be removed. Eventually, there will be 65+ Authority Node Operators. **Time** Please begin asking questions immediately. On November 29th at 18:00 UTC (10am PST) ANOs will begin answering questions and the community can continue to ask questions. On December 1st at 23:59 UTC the AMA officially ends but the community and ANOs are welcome to continue to engage each other within the thread. **Authority Node Operators** The following ANOs have agreed to take part in this AMA (it's purely optional). You will know a username has been validated as it will have flair of the ANO after their name. Authority Node Operator | Usernames | Team | Website | Twitter | ---|---|----|----|----| Bedrock Solutions | Bedrocksolutions | [Team](| - | - Blockchain Innovation Foundation (BIF) | BlockchainInnovation | [Team]( | [Website]( | [Twitter]( Blockrock Mining | Siverpro, Laende | [Team]( |[Website]( | - Building Innovation Management (BIM) | BenJ | [Team]( |[Website]( | [Twitter]( Canonical Ledgers | Canonical-ledgers | [Team]( |[Website](| [Twitter]( Crypto Vikings | Crypto_Vikings | [Team]( | [Website]( | [Twitter]( Cube3 | Cube3mike Cube3tom | [Team]( | - | [Twitter]( DBGrow | DBGrow | [Team]( | [Website]( | [Twitter]( DeFacto | Ilzheev | [Team]( |[Website]( | [Twitter]( Factom Inc | PaulSnow, BrianDeery | [Team]( |[Website]( | [Twitter]( | Factomatic | Factomatic | [Team]( |[Website]( | [Twitter]( | Factomize | DChapman77 | [Team]( |[Website]( | [Twitter]( | Factoshi | Factoshi-io |[Team]( |[Website]( | [Twitter]( | Federate This | BobbyEK | [Team]( |[Website]( | [Twitter]( | HashnStore | Matt_HNS, Zod_HNS | [Team]( |[Website]( | [Twitter]( | Luciap | Luciap_tech | [Team]( |[Website]( | [Twitter]( Multicoin Capital | Mylessnider | [Team]( | [Website]( | [Twitter]( RewardChain | FactomKiwi | [Team]( | [Website]( | - The Factoid Authority | TheFactoidAuthority | [Team]( |[Website]( |[Twitter]( Veteran Blockchain Investment Firm | Nolan_VBIF | [Team]( | [Website]( | [Twitter]( Additional ANOs may choose to signup up until the answering of questions begins. If a specific ANO is asked a question and does not regis

12 days ago

Nasdaq Reportedly Eyeing Bitcoin Futures Launch in Early 2019

Bitcoin market has plunged by more than 80 percent across the spot markets. But that hasn’t deterred the world’s second largest stock exchange from eyeing it. The Nasdaq Stock Market is reportedly looking to list Bitcoin futures on its exchange by Q1 2019, according to a Bloomberg report. The New York exchange operator is taking care of the concerns raised by the Commodity Futures Trading Commission (CFTC), the US’s chief swaps regulator, to ensure a smooth launch of a Bitcoin futures contract. The news appears almost a year after Nasdaq announced its plans to introduce Bitcoin futures. At the time of the announcement, the Bitcoin price was on its way to establishing newer highs at $11,000, which would later extend to an all-time high at over $19,000. It was the same period when CME Group Inc. and CBOE Global Markets Inc. launched their Bitcoin contracts. Back then, the market had expected that these products would attract institutional investors in large numbers. But the investment into the Bitcoin futures space has been modest. One of the main reasons behind the lackluster performance was the underlying instability of the Bitcoin spot markets. The futures markets remained volatile and trading liquidity, thin. Nasdaq, on the other hand, should be heading to resolve the very same matters that throttled the Bitcoin contracts from flourishing. A Change in Plan Adena Friedman, the chief executive officer at Nasdaq, had confirmed in January that their Bitcoin contracts would be different. The exchange futures will take its price references from numerous spot exchanges, as compiled by VanEck Associates Corp., reported Bloomberg. VanEck is the same company whose Bitcoin ETF proposal is under review at the Securities and Exchange Commission (SEC). So far, the unregulated status of Bitcoin spot exchanges has remained outside the purview of regulators. The SEC, for instance, had rejected a total of 9 Bitcoin ETF applications citing manipulation as one of the main reasons. In response, a VanEck subsidiary by the name of MV Index Solutions launched its own Bitcoin Index based on three major - and regulated - over-the-counter (OTC) desks. They include Circle Trade, Cumberland and Genesis Trading. Setting up the base to derive a lesser volatile bitcoin price should be Nasdaq’s first concerns as it goes ahead with the Bitcoin futures launch. Hypothetically, if the SEC approves VanEck’s Bitcoin ETF proposal in Q4 2018, then it would mean a flawless launch of Nasdaq futures as well in the next quarter after that. Another Case for Institutional Demand The efforts made by the globally leading financial firms and exchanges into the Bitcoin space approves the digital currency’s strong fundamentals in long-term. So far, institutional investors have stayed away from the market owing to its lack of regulation and liquidity issues. An approved ETF, followed by a futures contract combined makes Bitcoin a much safer asset for investors. Nevertheless, the current situation of the Bitcoin market is not pretty thanks to its extreme exposure to the very recent Bitcoin Cash hard fork among other things. The crypto trading at the retail level would likely disappoint big monies to enter the space - unless the market finds a provable bottom. “[Extreme volatility] doesn’t make crypto an investment-grade asset,” said Vinny Lingham, the CEO, and co-founder of Civic. “If you keep speaking about institutional investors coming to the table and ETF getting approved, you can’t have this sort of volatility in an asset class if you want big money to be involved.” Winter is coming for #crypto! The Oracle of #bitcoin @VinnyLingham says to hunker down for a brutal stretch. — CNBC's Fast Money (@CNBCFastMoney) November 26, 2018 Nasdaq is yet to confirm whether it is launching a Bitcoin futures contracts next year or not. But, the news alone should tempt traders to hold on to their Bitcoins. Image from Shutterstock The post Nasdaq Reportedly Eyeing Bitcoin Futures Launch in Early 2019 appeared first on NewsBTC.

12 days ago

So ICOs Did or Didn’t Sell Their ETH Treasury During The Last Bloody Week?

There is little doubt that Ether has been one of the hard-hit coins in the recent crypto markets’ collapse. At press time, the cryptocurrency has lost nearly 50% of its value since Nov 1, tumbling all the way down from $203 to $104. This comes after Ether had reached its all-time high at $1400 just ten months ago. While the current market decline may have contributed in some way to ETH’s woes, regulatory uncertainty around ICOs is believed to have played a more significant part, aside to other possible causes such as the Hash Wars. The SEC has clamped down on several ICOs for issuing tokens that should be registered as a security, and right now the rumor in the crypto community is that many ICOs on the Ethereum blockchain are (only now) cashing out their ETH to avoid losing funds raised. The earliest ERC-20 ICOs tops the ETH HODLing table Is this really the truth? Yes. But only to some extent. The following stats revealed that the following ICO projects are not taking part in the current cash-out: icos hodling The top 15 ETH-holding ICOs are refusing to give up their ETH treasury and still nurturing the hope that a bounce back may be on the sidelines. Only 2.5% of ETH has been sold by these top projects even though the value of the coin is approaching a 50% decline level. Keep in mind, the earlier the project raised, the lower the price of ETH. Hence, there are many projects which are still having nice gains despite the crash. Five of the top ICOs on the list still hold over 200,000 ETH with only an average of 8,000 ETH spent over the last 30 days. The top two projects, DigixDao and Golem, have liquidated none in this period with the most massive spender being the Status Project that has sold 28,100 ETH. Six other projects in the top 15 have spent 0 ETH during the 30-day period. Gnosis, the 6th project has spent only 1 and still holds over 196,000 ETH in its wallet. In total, just 60,881 ETH has been spent compared to the 2,353,610 ETH that is still in their treasury. It could be that those ICO projects raised so much during their ICO period and will not incur any significant loss by hanging on just a little longer. Since these startups can still cover company operating costs, they consider it safe to “gamble” with a highly volatile asset like ETH. This could be seen by many as irresponsible behavior, however, investing in an ICO doesn’t give any rights like shareholders. Only time will tell which ICO projects made the right decision, or it was a panic sell. But what is now sure is that those projects raised way over than the needed amount. Did somebody say an ICO bubble? 256 Million USD had evaporated However, almost 200,000 ETH was cashed out by various ICOs in the last seven days only: Source: TrustNodes Hero tops the above list of Ether ICOs cashing out: The project sold 24,258 ETH in the last seven days, holding a final balance of 13529 ETH. The other ICOs in the top 15 spenders, except Status, have sold or withdraw below 20,000 ETH in the last seven days, with Storm Project cashing out its remaining balance of 1024 ETH. The amazing part is that those 200K ETH worth around $24 million according to today’s prices. In the all-time high, this was no less than $280 million. This means nearly $256 million that was evaporated. The post So ICOs Did or Didn’t Sell Their ETH Treasury During The Last Bloody Week? appeared first on CryptoPotato.

12 days ago

Bitcoin Tax Payments in Ohio is Now a Possibility

Ohio might just become the first state to successfully adopt Bitcoin as tax payment, after failed attempts from other states in the country. Ohio’s Cryptocurrency Initiative Set to Fly High According to the Wall Street Journal, businesses in Ohio can now pay its taxes, ranging from taxes from cigarette sales to employee taxes, using the virtual currency, Bitcoin. Companies interested in using Bitcoin as a mode of payment are directed to to register. Josh Mandel, the Ohio Treasurer, and a long time Bitcoin aficionado initiated the idea of using the virtual currency for tax payment. The Treasurer saw the move as an opportunity to put Ohio forward in digital currency adoption. Also, popular cryptocurrency payments services, Bitpay, would process tax payments, converting digital currency to dollars. The recent development by the state, does not, however, give the leading digital currency a legal status. The director of Coin Center, a research firm in Washington, DC, Jerry Brito, said that the move by Ohio shows that criminals and governments alike can use Bitcoin. At the moment, it is unclear the number of companies that are interested in this new initiative. However, the Ohio official stated that some industries are making inquiries. Also, this new development only covers filers from companies/business. Subsequently, the initiative would spread to individual taxpayers. Mendel also said “I do see Bitcoin as a legitimate form of currency,” and hoped that other U.S states would emulate Ohio. The Ohio Treasurer further stated that with his status, Bitcoin acceptance didn’t need the approval of the legislature of the governor. Mendel is also optimistic that his digital currency initiative would go on, even after the expiration of his tenure in January 2019. U.S. States Attempt to Adopt Bitcoin for Tax Payments Ohio is not the first U.S. State to attempt using cryptocurrency as a means of payment for taxes. Some states have gone as far as passing bills that allowed the use of Bitcoin to pay taxes, which didn’t see the light of day. The State of Arizona passed a bill that would give residents the option of making tax payment using virtual currency. If the draft law reached the final round, Arizona would become the first state using cryptocurrency to pay tax. However, the bill remains stalled in the legislature, undergoing amendments. Georgia, following Arizona’s move, also introduced a bill that would accept cryptocurrency as a form of payment for taxes. According to the proposal, conversion from cryptocurrency to the dollar would occur within 24 hours. The bill, however, had a 25% progression and died in committee. Image courtesy of The post Bitcoin Tax Payments in Ohio is Now a Possibility appeared first on Ethereum World News.

12 days ago

NASDAQ Wants to Launch Bitcoin Futures in Q1 2019 Despite Price Drop

NASDAQ has renewed its vow to offer Bitcoin futures and plans to launch in Q1 2019 despite the price drop, anonymous sources have said. NASDAQ ‘Working To Satisfy’ CFTC Demands Speaking to Bloomberg November 27, “two people familiar with the matter” revealed that despite the plunge in the Bitcoin price 00, the US stock exchange was in the process of gaining regulatory approval for a futures product. According to the unnamed sources, NASDAQ “has been working to satisfy the concerns of the US’ main swaps regulator, the Commodity Futures Trading Commission (CFTC), before launching the contracts,” Bloomberg reported. NASDAQ first announced it wanted to offer Bitcoin futures in November 2017. In the event, it was CME and CBOE that won the race to debut them one month later, with 2018 seeing mixed fortunes for the instrument. The plans were originally slated for the first half of this year but did not materialize. Price Woes Fail To Dampen Enthusiasm The CFTC did not respond to a request for comment by Bloomberg, with regulators notably keeping tight-lipped on developments in the cryptocurrency sector this month. As CNBC reported Tuesday, Jay Clayton, chairman of fellow organization the Securities and Exchange Commission (SEC) declined to comment to mainstream media about the status of Bitcoin exchange-traded fund (ETF) and ICO token legislation updates. Should NASDAQ succeed in launching a futures product in Q1 meanwhile, it would likely come hot on the heels of physical Bitcoin futures set to come to market from Bakkt January 24. Initially planned for December 12, regulatory considerations likewise resulted in a delay, officials highlighting a need to “get all of the pieces in place” beforehand. “As is often true with product launches, there are new processes, risks and mitigants to test and re-test, and in the case of crypto, a new asset class to which these resources are being applied,” CEO Kelly Loeffler wrote last week. NASDAQ has in the meantime been active elsewhere in the crypto sphere, recently claiming its market surveillance technology could help stop market manipulation. What do you think about NASDAQ’s potential plans for Bitcoin futures? Let us know in the comments below! Images courtesy of Shutterstock The post NASDAQ Wants to Launch Bitcoin Futures in Q1 2019 Despite Price Drop appeared first on

12 days ago

Saga Unfolds as Ripple Still Has Some Open Issues with SEC

CoinSpeaker Saga Unfolds as Ripple Still Has Some Open Issues with SEC Ripple, the company that stands behind XRP, has definitely positioned itself strongly during the last few months as one of the most important companies for the crypto sector as well as the whole blockchain technologies scene. It may be too late for XRP to be classed as a security. At least that’s the opinion of two independent legal experts who have explained to Crypto Briefing that any regulatory clarity gained would be far outweighed by costs or even the negative effects it would have on the sector. Max Rich, deputy counsel at the crowdfunding platform Republic, thought it was unlikely the SEC would compel Ripple Labs to reimburse investors. He believed authorities would crack down on ICO projects that were based on the proposition of selling unregistered securities. XRP token sale which took place in mid-2013, however, seems to be excluded. After all, it happened such a long time beforehand. Republic is an investment platform where “everyone can invest as little as $10” in innovative startups curated by their team. It is a community empowering founders and giving everyone the chance to be an angel investor. Republic was founded and built by AngelList alumni who believe angel investors are the catalysts to change in the world. As counsel for Republic, Max guides companies through the crowdfunding process, coordinating the regulatory and compliance needs of the platform with the securities laws filings the companies must make to raise funds. Rich said that the SEC will use the DAO debacle, in the summer of 2016, as the cut-off point. Projects that hosted a public sale before may be treated differently to those that happened after that date. He said: “I do think the SEC uses the DAO as an inflection point.” Rich thinks earlier public sales, like Ripple, may still be dealt with by the SEC. That said, they may not be the regulator’s immediate focus. “It’s likely they are using limited resources to address offerings where there are i) principals that can be identified, ii) funds can be traced and clawed back and iii) benefits that can be gotten for the public - an enforcement net benefit,” he wrote. The thing is, crypto markets is still plunging. Ethereum (ETH) has reached an all-year low of $155, plunging 37% last week. But those losses were positively bullish compared to the galaxy of ERC-20 tokens, many of which suffered double-digit losses within just a day. The freefall appears to be related to last Friday’s announcement of regulatory settlements from two non-compliant ICOs. Airfox (AIR) and Paragon (PRG) both agreed to refund their investors, register their tokens as securities, and pay penalties to the Securities and Exchange Commission. This was the first securities enforcement against US-based token sales. Although the SEC has previously pursued actions against fraudulent sales, and stopped at least one ICO in its tracks, last week brought the first penalty for ICOs that failed to register their tokens or claim exemptions. While the crackdown isn’t good news for anyone in the ICO space, there is some suggestion that the sell-off may be something of an overreaction. With only a quarter million in penalties each, Paragon and Airfox may have gotten off easy, suggesting lenience for token sellers who are willing to bend the knee. Michael Minihan, an attorney and parter at Bx3 Capital said that he thinks that the actions were appropriate: “They were found to have sold unregistered securities, and were provided a path to compliance, albeit with a penalty for the failure to register. That feels like a fair outcome, even if there is no indication of new guidance around digital assets, only additional evaluation of the marketplace by the SEC.” He also pointed out that XRP is highly integrated with the cryptocurrency sector and highlighted that its size and influence within crypto would make it difficult to touch. Any changes in its regulatory status will have significant knock-on effects. He added: “The thing with XRP is it’s almost like a too big to fail, too far along. Basically, if you torpedo Ether, you’re going to tank the whole thing. You have the ability to tank most of the market by doing that. I think that’s not what they want to do. I think all they’re trying to do is protect investors, and by calling Ether a security, doesn’t protect investors.” XRP has itself come under attack for being centralized, as the currency has been entirely pre-mined and is controlled by Ripple. Many other coins, such as Bitcoin, do not have this problem but there are always other ways to be considered centralized. The thing is, Ripple now has contradictory statements related to the company’s 2013 and 2018 posts. In 2013, Ripple Labs stated that they created the total 100 B XRP supply while today the organization says the opposite. It seems that Ripple could be changing their stance on key statements due to the fear that the SEC would consider XRPs as

12 days ago

Too Big To Fail: Why XRP Might Escape A Securities Classification

It may be too late for XRP to be classed as a security. At least that’s the opinion of two independent legal experts who have explained to Crypto Briefing that any regulatory clarity gained would be far outweighed by costs, or even the negative effects it would have on the sector. Max Rich, deputy counsel at the crowdfunding platform Republic, thought it was unlikely the SEC would compel Ripple Labs, XRP’s creator, to reimburse investors. He believed authorities would crack down on ICO projects believed to have sold unregistered securities. But the XRP token sale, which took place in mid-2013, could be excluded because it happened such a long time beforehand. Rich says the SEC will use the DAO debacle, in the summer of 2016, as the cut-off point. Projects that hosted a public sale before may be treated differently to those that happened after that date.“I do think the SEC uses the DAO as an inflection point,” Rich said in an email exchange. Rich thinks earlier public sales, like Ripple, may still be dealt with by the SEC. That said, they may not be the regulator’s immediate focus. “It’s likely they are using limited resources to address offerings where there are i) principals that can be identified, ii) funds can be traced and clawed back and iii) benefits that can be gotten for the public - an enforcement net benefit,” he wrote. Although this was not a free pass, Rich suggested that Ripple would not be at the top of the regulators’ naughty lists. “[They’re] Basically putting out current fires rather than attending to the charred remains of old fires,” he added. Meanwhile, Michael Minihan, a tax attorney and partner at BX3 Capital, a blockchain development fund, points out that (like Ether) XRP is highly integrated with the cryptocurrency sector. Echoing Rich’s view that the token has been around for a relatively long time, Minihan also highlighted that its size and influence within crypto would make it difficult to touch. Any changes in its regulatory status will have significant knock-on effects. “The thing with XRP is it’s almost like a too big to fail, too far along,” Minihan told Crypto Briefing, who went on to explain that the same motivations lay behind the SEC’s decision to not label Ether a security. “Basically, if you torpedo Ether, you’re going to tank the whole thing,” Minihan said. “You have the ability to tank most of the market by doing that. I think that’s not what they want to do. I think all they’re trying to do is protect investors, and by calling Ether a security, doesn’t protect investors.” Ripple Labs and XRP Virtual currencies are still a nascent technology, and regulators are still playing catch-up. One of the key bugbears is whether tokens, especially those sold in public sales, are unregistered securities. Just under a fortnight ago, the SEC instructed two ICO projects to reimburse investors, who said the tokens sold were unregistered securities. The XRP token - the second biggest by market cap - is the most high-profile. Although the SEC itself hasn’t brought charges against Ripple, two secondary buyers have filed independent complaints, claiming that the company promised financial returns, a key characteristic of a security in US financial law. Ripple has frequently reiterated that XRP, of which it still owns most of the supply, is an “independent digital asset,” with clear-cut use cases. In other words, they believe it is a utility token, not an investment. Ripple designed XRP to be used as a unit of exchange in xCurrent; a payments solution designed to facilitate quick, seamless cross-border transaction between banks. The exact number of banks actively implementing Ripple’s xCurrent remains uncertain. But Crypto Briefing found out earlier this year that the National Bank of Kuwait (NBK) would be going live with xCurrent at the end of October. The Bank of England, the UK’s central bank, released a proof-of-concept into the underlying technology in a report published in July 2017. Royal Bank of Scotland (RBS) examined the technology but decided not to continue. American Express, Credit Suisse, Barclays, and UBS - banks that had all tested xCurrent - all declined to comment or, in some cases, never got back to us. The XRP security debate Although an SEC director stated publicly that ether was not a security during the summer, they have remained disconcertingly quiet on XRP. But although regulatory uncertainty still surrounds it, the token has been one of the big winners, at least from a market perspective. Its move into second place, ahead of Ether, certainly attracted a lot more investors. Ripple tried to distance itself from XRP from the summer, but it changed its tack in mid-September. The besuited Brad Garlinghouse - who books former President Bill Clinton for his event - agonizes no longer on the differences between Ripple and XRP; he talks on Bloomberg about how xCurrent and XRP are going to beat centralized competitors, like Swift. This shift suggests Ripple isn’t too

13 days ago

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