Telcoin TEL

$0.0003
Market Cap $ 11.592 MM (#230)
24h Volume $ 33.098 K
Chg. 24h: 4.53%
Algo. score 3.3/5  (#299)
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Telcoin News

Israeli Court To Decide If Whitepaper Is A Legal Agreement

Early this year, Chinese investor Zhewen Hu sued Israel-based blockchain firm Stox of misappropriating investor funds. Hu invested $3.8 million of the total $34 million that Stox raised. He believes only $5 million of the money raised went to Stox, and the company invested the rest in other ICOs. Stox's creator Moshe Hogeg has argued that their whitepaper is of a descriptive nature only, and not legally binding. Hogeg denies all of the allegations leveled against him. Hogeg is a popular figure in Israel. Last year, he bought the country's top soccer club for $7.2 million and also donated $1.9 million to the Tel Aviv University. (VS)

8 days ago

You can now purchase Telcoin directly from our website at ...

You can now purchase Telcoin directly from our website at https://t.co/KG2Kmv35xH #financialinclusion #Telcoin… https://t.co/FrcRjfUmt1

18 days ago

Daily Berminal Brief: ING Bank Signs Up With Corda, And Bakkt Is On A Hiring Spree

The State of The Market - January 23, 2019 BTC: $3,606.45 (+0.94%) XRP: $0.318895 (+0.17%) ETH: $0.318895 (+1.58%) The market is in green today, as Bitcoin makes its way past $3,600. However, some cryptocurrencies are not following Bitcoin today. Bitcoin Cash and EOS made bigger gains. Also, Bitcoin Cash (BCH) has once again surpassed EOS to become the fourth largest cryptocurrency with a market cap of $2.29 Billion. WAVES is the biggest gainer today, which is up by more than 25%. In other news, Coinbase is launching cross-border wire transfer for its institutional clients in Asia and Europe. Coinbase will use SWIFT from the US for both inbound and outbound transactions. Additionally, Coinbase will offer new OTC trading desk and custody services for its clients in Asia. Also, the United Nations (UN) praised cryptocurrencies in its year-end report titled "World Economic and Social Survey 2018." The UN called Bitcoin a new frontier in global finance with the potential to revolutionize business worldwide. 1) A press release published on Tuesday shows that Dutch international bank ING has signed a 5-year deal with enterprise blockchain consortium R3 in order to access its blockchain platform. ING Bank will now have access to an unlimited number of licenses for the Corda platform which will allow ING to integrate Corda's decentralized applications (CorDapps) to their infrastructure. R3 CEO David Rutter said that ING Bank was a long-time partner for the firm and an early adopter of blockchain technology. Previously, ING Bank was involved in the first live trade of Corda's Voltron trade project in November 2018 and the bank also completed a live securities transaction over Corda in March 2018. 2) Bakkt is looking to fill eight newly created high-level vacancies in Atlanta, New York City, Hong Kong, Tokyo, San Francisco, London, Tel Aviv, and Singapore. The post specifies that the company is looking to hire experienced developers at the senior level for security engineering, full stack engineering, and mobile software development. Bakkt is currently awaiting approval from the CFTC and the current U.S. partial government shutdown could further delay the launch of their Bitcoin futures platform. 3) Sapphire Technology, a Hong King-based graphics card producer, announced the launch of its new RX 570 16GB HDMI Blockchain Graphics Card which it says is "the first of a new family" of GPUs designed to mine Grin and other cryptocurrencies. The GPU is slated to hit shelves "soon" and it is designed for the Cuckatoo 31+ proof-of-work algorithm. Sapphire global VP of marketing, Adrian Thompson said the RX 570 16GB HDMI Card presents "an exciting opportunity for early Grin Coin miners and the cryptocurrency market as a whole." (VS)

a month ago

Bakkt is Looking to Fill New Positions in the US and Abroad

On Tuesday Bakkt tweeted that it is looking to fill eight newly created high-level vacancies in Atlanta, New York City, Hong Kong, Tokyo, San Francisco, London, Tel Aviv, and Singapore. The post specifies that the company is looking to hire experienced developers at the senior level for security engineering, full stack engineering, and mobile software development. Bakkt is currently awaiting approval from the CFTC and the current U.S. partial government shutdown could further delay the launch of their Bitcoin futures platform. (RS)

a month ago

Bitmex Report: ICOs Allocated $24.2 Billion in Tokens to Themselves

The team at Bitmex Research has collaborated with TokenAnalyst to take a thorough look at the treasure balances of several individual ICOs on the Ethereum network. The two teams released a report that showed that ICO teams allocated $24.2 Billion worth of tokens to themselves. $80 Billion in Peak Value The Bitmex and TokenAnalyst report goes on to state that this figure has fallen to $5 Billion due to current market conditions. There is also an additional $1.5 Billion of token transfers that has happened away from the ETH addresses of these teams. The report speculates that these tokens were ‘disposed’ of. Also noted by the report is that these tokens would have a $80 Billion valuation using the peak value of each digital asset. $5 Billion From Nothing According to the report, the $5 Billion current valuation of tokens being owned by teams of these ICOs, can be considered as being got from nothing. Based on current illiquid spot prices, the ICO teams still appear to own around US$5 billion of their own tokens, money they essentially got from nothing, depending on ones view. At the same time the teams may have realized gains of US$1.5 billion by selling tokens, based on coins leaving team address clusters. Although this figure may also be an overestimate, as coins could have left the team address cluster for a variety of reasons. Notable ICOs Mentioned in the Report The report went on to highlight the token allocation for the teams of several ICOs. They include Veritaseum (VERI), SingularityNet (AGI), Polymath (POLY), Kin (KIN), Dent (DENT), Gnosis (GNO), Maker (MKR), Telcoin (TEL), IoT Chain (ITC) and QASH. What are your thoughts on the research by Bitmex indicating that ICOs allocated $24 Billion worth of tokens to themselves? Please let us know in the comment section below. [Image courtesy of Shutterstock] Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Bitmex Report: ICOs Allocated $24.2 Billion in Tokens to Themselves appeared first on Ethereum World News.

a month ago

Talking anarchy with Jeff Berwick: the next five years will determine humanity

Anarcho-capitalist and libertarian activist Jeff Berwick has an unshakeable vision of the future. From his debate during the Bitcoin Summit in Tel Aviv and in an interview to Crypto Insider, Berwick shares his ideas on where crypto is heading and how it may shape the course of humanity. The coming years are decisive for the direction in which we progress. In our conversation, we talk about crypto and anarchy, regulation and mass adoption, tyranny and freedom. What role does this technology play in our fast-unfolding future? Anarchy misunderstood When you look up anarchy, you see images of violence, chaos, and people wearing freaky masks. But in reality, anarchism is a peaceful political belief that a society can be based on voluntary interaction without control or coercion. One may ask, how would a society based on anarchy function? Jeff answers with the question: “How are we functioning now? In this moment right now, we are in the state of anarchy. There is no one pointing a gun at our head, there is no one telling us exactly what to do. People, in general, get along just fine. “ Jeff asserts that the government is a social conviction held by the masses as a result of brainwashing. The evidence is even in the etymology - “government” means “mind control”. The word made up of the Latin roots gubernare - to control, lead, govern - and mente - mind. “It is a propaganda scheme to make people believe they don’t own themselves. If people can ever fully understand that they own themselves, we will have a world of peace and prosperity that we’ve never known... Crypto is a big part of that.” Crypto-anarchy takes these ideas with the intention to employ them using the tools of cryptographic technology. Stemming for the cyberpunk movement of the 1980s which emerged in wake of the internet’s invention, a new wave of cryptoanarchy was kindled with the invention of cryptocurrency in 2009. It is this philosophy which lies at the core of the technology. “Currency transfers energy between people, and is the most important energy we have in day to day life. Every transaction has energy involved. If it is controlled by a central bank or a government, they are actually controlling what you do. And now for the first time, other than gold and silver, we have the opportunity to actually control our own currency.” A battle between crypto and governments While cryptocurrencies offer unprecedented freedom to individuals, governments are increasingly striving to stretch out their control over the digital market. In the last year, we’ve seen countless countries taking steps towards regulation, or the development of national cryptocurrency. Most of the time, the justification is to prevent money-laundering and terrorism funding. “Crypto-anarchy is the foundation all cryptocurrencies that exist today,” Jeff explains. “Even though it’s being attempted to be controlled, especially with Blockstream on Bitcoin, they can’t stop us.” However, it can be said that the presence of cryptoanarchy has been diluted in recent years. A new wave of users and investors have entered the scene - especially in the build-up to the December 2017 peek - that couldn’t give a damn about taking down the state. In their purest form, cryptocurrencies have an outstanding potential for liberty. But amidst the masses whose drive is for profit and control, the shape of the market takes on new forms and moves in many different and sometimes opposing, directions. “It’s a battle,” Jeff agrees, “but it doesn’t matter. Because of the code, the math, the technology. The true essence of what cryptocurrencies are is anarchy. The whole point is that no one can control it, and no government can regulate it. It’s funny when people say we need to regulate cryptocurrencies. This is why they exist - they regulate themselves. That’s the beauty and the power of cryptocurrencies.” As governments will continue to impose regulation, there are some cryptocurrencies that are truly anonymous, like Monero or Zcash, “that no one can track or stop. The only way they could stop it is turning off the internet or turn off the power. And they will try.” Mass adoption through regulation? “Is the goal mass-adoption?” I asked him. “Yes, but it will take time. The goal is that all people on Earth will use cryptocurrencies in one way or another. If people actually understood how crypto works, they would use it every day. I would never use the banking system today. It’s too expensive, it’s too slow, it invades privacy. When I send bitcoin, you just click and that’s it. You can’t stop a good idea.” Just like the internet, which was also “a good idea”, the ubiquitous use of cryptocurrencies seems inevitable. “It actually took the internet 20 years before everybody used it. The internet really started in 1993. By 2003, around half of the people you knew were really using it. Now it’s 2019, and pretty much everyone uses it. It’s going to be the same with cryptocurrencies, only faster.” Given the

a month ago

Biggest Israeli Bitcoin Conference Brings Original Cypherpunks and Regulators to the Table

The 2019 Israel Bitcoin Summit by Bittax, has come to a close after hosting high-profile guests plus more than a thousand other blockchain enthusiasts from around the globe. Held at Tel Aviv University, the blockchain summit marked the biggest industry event in Israel to-date, and attendees took note as the technology’s core advocates and its traditional regulatory counterparts spoke on the importance of finding common ground. Offering their thoughts on the direction for cryptocurrencies in the future, experts such as Nick Szabo and David Chaum enlightened audiences with their views towards the technology’s solutions, but also on its shortcomings. The latter was represented by influential names including Avi Simhon—a speaker at the event who also serves as the head of Israel’s National Council and top economic aide to the Prime Minister. Simhon’s message was stark and largely encompassed in just a few words, Crypto will vanish in the near future, said Simhon, referencing negative trends in the industry like the inordinate energy usage of Bitcoin. For its intrinsic inefficiency, he opined, the grandfather cryptocurrency would soon go extinct. These comments were tempered by keynote speakers from the core group of cryptocurrency supporters such as David Chaum, who countered regulator calls for restraint with innovations. Chaum also highlighted the central role that Israel would play in the future of cryptocurrency. “Israel is a key market in blockchain’s growth and development, and I’m excited to see the many intriguing use cases for blockchain which will emerge from Israel in the future”, he remarked. Expectations for cryptocurrency’s upwards trajectory were palpable during the summit and fostered by other big names like Nick Szabo. Szabo is one of the most highly regarded individuals in the cryptocurrency arena and keeping with the event’s theme praised the potential of cryptocurrency by demonstrating how it can be used to complement existing financial systems. “There’s going to be some situations where a central bank can’t trust a foreign central bank or government with their bonds for example,” he said. Trust in cryptocurrency is increasing, which may be a reason why these instruments are viewed as safe-haven assets in countries which have exhibited poor track records regarding successfully administering their fiat-based financial systems. Gidi Bar-Zakay, the CEO of leading crypto tax platform Bittax, sees the present day as a pivotal moment for the cryptocurrency, indicating that the best way to evolve is to work side-by-side with regulatory officials and improve collaboration to motivate innovation in a compliant, synchronized manner. “The cryptocurrency market is at a critical turning point. Today, the regulators of each country are figuring out how the crypto and blockchain systems can coexist and interact with their currencies and exchanges,” said Bar-Zakay. “As a former leading figure in ‘the system,’ I believe that only by bringing ‘the founding fathers’ of blockchain to the table together with the regulators, can we bridge the gap in a way that puts all stakeholders in a position to enjoy success.” By organizing the largest such Israeli blockchain conference thus far, Bar-Zakay’s actions echo his perspective on the industry and its future potential, not only regarding technological progress but also on a more local level for innovators and entrepreneurs. The post Biggest Israeli Bitcoin Conference Brings Original Cypherpunks and Regulators to the Table appeared first on CryptoPotato.

a month ago

Nick Szabo and The Winklevoss are More Bullish About Bitcoin than They Are About Gold

Famous cryptographer, computer scientist, and crypto investor Nick Szabo once again defended the high potential of crypto coins as mechanisms of economic promotion in a recent debate in Tel Aviv, Israel. Speaking At the Israel Bitcoin Summit at Tel Aviv University on Jan. 8, Mr. Szabo explained that the use of cryptocurrencies will have a stabilizing and positive effect for countries facing economic sanctions and policies defeated by inflation, monetary devaluation, and incorrect planning decisions. Nick Szabo: Bitcoin Could be Better for Banks than Gold According to Szabo, traditional banks could use cryptocurrencies as mechanisms to supplement their monetary reserves in gold and other metals. He also pointed out that due to its characteristics, Bitcoin could be a more reliable solution for sanctioned countries since it would allow them to store value without having to resort to solutions that imply trust in third parties: “There’s going to be some situations where a central bank can’t trust a foreign central bank or government with their bonds for example ... One solution that’s been developed is to have the Swiss government hold it for you - that’s not a trust minimized solution. The Swiss government itself is subject to political pressures, and so a more trust minimized solution is cryptocurrency.” Szabo’s words came in response to the argument put forward by Avi Simhon, senior economic policy advisor and Israel’s head of the National Economic Council. For the economist, Bitcoin “will disappear” because it is “intrinsically inefficient” and the process to keep the network alive (PoW) would represent “trillions of dollars of actual cost in energy” in the event of global adoption. Szabo not only considers that these arguments are biased and false, defended Bitcoin saying that “it could survive a nuclear war“. The famous cryptographer commented that Bitcoin could be safer for banks than gold and metals since it does not suffer from the same risks associated with traditional value storage mechanisms such as gold and other precious metals: The other problem with gold reserves is that they’re physically vulnerable. When the Nazis conquered countries in Europe, the first place they went to was a central bank’s gold reserves. “Bitcoin could survive a nuclear war” @NickSzabo4 #bitcoinsummit pic.twitter.com/IIn1CzyKJ9 — Steph Vaughan (@GoodStephV) January 8, 2019 Winklevoss Brothers: “We Believe Bitcoin is Better at Being Gold than Gold” In an AMA recently conducted by The founders of Gemini Exchange, Cameron and Tyler Winklevoss, the twins shared their views on Bitcoin and its importance for the evolution of finance. One of the questions was if they were sure about their prediction of Bitcoin (BTC) rising over 40k USD. Tyler Winklevoss answered by saying that Bitcoin is better at being gold than gold itself, which implies it is probably the best way to store value according to their opinion. He emphasized they stick to their prediction -although refraing to provide additional details or a specific date: Comment from discussion vinyl_steelworks’s comment from discussion "We are Cameron and Tyler Winklevoss, co-founders of Gemini — a cryptocurrency exchange and custodian — identical twins, Olympians, and angel investors. A lot has changed since our last AMA in 2015 and we look forward to discussing what we think the crypto revolution needs to succeed. AMA, or AUA!". The post Nick Szabo and The Winklevoss are More Bullish About Bitcoin than They Are About Gold appeared first on Ethereum World News.

a month ago

Bitcoin Might Replace Gold: Nick Szabo

According to popular cryptographer Nick Szabo, Central Banks might resort to cryptocurrency reserves as means of supplementing national gold reserves. The industry expert also thinks that countries with troubled economies will see an increase in cryptocurrency usage. Cryptocurrency Demand to Increase in Failing Economies Attending the Israel Bitcoin Summit at the University of Tel Aviv on January 8th, Nick Szabo laid down his thoughts on cryptocurrencies and their position in traditional economies. He holds that Bitcoin, as well as other censorship-resistant cryptocurrencies, will see increased demand in countries where economies are shaken from failing financial practices. The same will happen in countries which have been blacklisted from international trade. It’s easy to find reason in his words, especially after the events of late. Just a few days ago, Vladislav Ginko, a Russian university lecturer with ties to the government said that the country plans to invest in Bitcoin in order to circumvent US sanctions. Because of US sanctions, Russia’s elite is forced to dump US assets and US dollars and invest hugely into Bitcoins. The central bank of Russia sits on $466 billion of reserves and has to diversify in case there are limited opportunities to do it (in the future). - Ginko said. Better Than Gold In addition, Szabo holds that Central Banks will eventually turn to cryptocurrency reserves as means of supplementing national gold reserves. The expert thinks that this will be driven by the lack of trust between foreign governments: There’s going to be some situations where a central bank can’t trust a foreign central bank or government with their bonds for example. One solution that’s been developed is to have the Swiss government hold it for you - that’s not a trust minimized solution. The Swiss government itself is subject to political pressures and so a more trust minimized solution is cryptocurrency. Additionally, Szabo made another valid point, outlining that gold is technically vulnerable, while Bitcoin, for example - isn’t. Live Bitcoin News recently reported that central bank innovation will mainly hinge on gold and Bitcoin. What do you think of Nick Szabo’s position on cryptocurrencies? Don’t hesitate to let us know in the comments below! The post Bitcoin Might Replace Gold: Nick Szabo appeared first on Live Bitcoin News.

a month ago

Bitcoin (BTC) Safe Haven for Countries with Economical Troubles: Nick Szabo

Being of censorship resistant nature, the cryptocoin could turn as the road of safety for many countries that are currently facing various financial issues and crises or set on negative-status for international trade, believes Nick Szabo - known and respected cryptographer. Mr. Szabo added his thoughts on the current financial industry situation and how cryptocurrencies could fit in at the Uni of Tel Aviv on Jan 8th - Israel BTC Summit. The influence and center stage that Bitcoin and its following coins are appreciating is immense even during a time of crypto-market bleeding. As reported in a previous BTC related post on EWN - According to Vladislav Ginko, a lecturer at Moscow’s Russian Presidential Academy of National Economy and Public Administration, the Russian government could be considering the acquisition of 470 billion dollars in Bitcoins as a way to switch part of its reserves from fiat to cryptocurrencies. His estimates indicate that in this very quarter of the year, Putin’s administration would be interested in purchasing at least 10 billion dollars. Because of US sanctions, Russia’s elite is forced to dump US assets and US dollars and invest hugely into Bitcoins. The central bank of Russia sits on $466 billion of reserves and has to diversify in case there are limited opportunities to do it (in the future). Nick Szabo continued to pile-up the positive sides of Bitcoin and the believed promising future that is waiting ahead for the digital coin. He added that there will be moments when central banks or foreign govs will not hold the required trust with each other which could turn to a case that could be best solved for Central Banks to turn to crytocurrencies replacing gold reserves. There’s going to be some situations where a central bank can’t trust a foreign central bank or government with their bonds for example. One solution that’s been developed is to have the Swiss government hold it for you - that’s not a trust minimized solution. The Swiss government itself is subject to political pressures and so a more trust minimized solution is cryptocurrency. The post Bitcoin (BTC) Safe Haven for Countries with Economical Troubles: Nick Szabo appeared first on Ethereum World News.

a month ago

Nick Szabo: Central Banks Might Switch From ‘Physically Vulnerable’ Gold to Bitcoin

Central Banks might resort to cryptocurrency reserves as means of supplementing national gold reserves according to veteran cryptographer Nick Szabo. He also holds that the use of digital currencies will rise in countries with distraught economies. Cryptocurrency Over Gold Speaking at the Israel Bitcoin Summit at Tel Aviv University on January 8th, legendary cryptographer, Nick Szabo, said that national central banks might resort to cryptocurrency reserves as means of supplementing existing national gold reserves. “Bitcoin could survive a nuclear war” @NickSzabo4 #bitcoinsummit pic.twitter.com/IIn1CzyKJ9 — Steph Vaughan (@GoodStephV) January 8, 2019 One of the reasons for this to happen, according to Szabo, is the potential lack of trust between foreign banks or governments: There’s going to be some situations where a central bank can’t trust a foreign central bank or government with their bonds for example. One solution that’s been developed is to have the Swiss government hold it for you - that’s not a trust minimized solution. The Swiss government itself is subject to political pressures and so a more trust minimized solution is cryptocurrency. In addition, Szabo also notes that gold reserves are “physically vulnerable,” saying: The other problem with gold reserves is that they’re physically vulnerable. When the Nazis conquered countries in Europe, the first place they went to was a central bank’s gold reserves. Bitcoinist reported on the uncanny resemblance in the historical performance of gold and Bitcoin in the past. Unlike gold, however, Bitcoin “has more utility” admitted US economist and Bitcoin-critic Paul Krugman. The Winklevoss twins also recently stated that “Bitcoin is better at being gold than gold,” predicting that it should surpass the precious metal’s $7 trillion dollar market cap in the future. Helping Distraught Economies Another thing the Bitcoin pioneer shared was that censorship-resistant cryptocurrencies will grow in popularity in countries, which suffer from failed monetary planning, as well as those which have been blacklisted from trade. There seems to be substantial merit to his thoughts. Venezuela, for example, is a country which is currently being torn by hyperinflation. In fact, the Director of the Western Hemisphere Department of the International Monetary Fund, Alejandro Werner, said that 10 million percent inflation rate is not out of the picture: Yes, 10 million percent because prices in Venezuela are doubling or tripling every month. And that, when you take it to 12 months, generates an exponential inflation rate. As Bitcoinist reported in late December, the country saw its biggest jump in bitcoin volume on LocalBitcoins. What is more, a Russian university lecturer with ties to the government, Vladislav Ginko, has recently revealed that the country is planning to invest in Bitcoin as a means of avoiding US sanctions. Whether this is true remains to be seen, but US sanctions indeed have little effect on a neutral global digital currency like Bitcoin “Because of US sanctions, Russia’s elite is forced to dump US assets and US dollars and invest hugely into Bitcoins. The central bank of Russia sits on $466 billion of reserves and has to diversify in case there are limited opportunities to do it (in the future),” Ginko said. What do you think of Nick Szabo’s statements? Don’t hesitate to let us know in the comments below! Images courtesy of Shutterstock The post Nick Szabo: Central Banks Might Switch From ‘Physically Vulnerable’ Gold to Bitcoin appeared first on Bitcoinist.com.

a month ago

Nick Szabo Strongly Believes Distraught Economies and Sanctioned Countries Will Seek Refuge In Cryptocurrencies

At the Israel Bitcoin Summit at Tel Aviv University on Jan. 8, veteran cryptographer Nick Szabo said that he strongly believes countries blacklisted from trade and regions dealing with hyperinflation will turn to digital assets. He emphasized that cryptocurrencies like BTC and BCH have been gaining traction in areas like Venezuela, Zimbabwe, and Iran. Additionally, Szabo asserted that some of the world’s central banks will turn to cryptocurrencies rather than gold. (RL)

a month ago

Nick Szabo: Central Banks May Turn to Cryptocurrency Reserves Over Gold

At the Israel Bitcoin Summit at Tel Aviv University on Jan. 8, veteran cryptographer Nick Szabo explained that the use of censorship-resistant cryptocurrencies will rise in countries sanctioned from trade and economies suffering from failed monetary planning. Szabo also argued that the world’s central banks might turn to cryptocurrency reserves in the future in order to supplement national gold reserves. Also Read: Nonprofit Eatbch Shows How Every Little Microtransaction Helps Nick Szabo Strongly Believes Distraught Economies and Sanctioned Countries Will Seek Refuge In Cryptocurrencies Veteran cryptographer Nick Szabo. Cryptographer Nick Szabo is an interesting character and a well known figure in the cryptocurrency community. Long before Satoshi Nakamoto introduced Bitcoin, Szabo designed the Bitgold concept back in 1998. Two years before that, Szabo’s writings forecasted the use of smart contract technology and autonomous organizations. On Jan. 8, Szabo spoke at the Israel Bitcoin Summit at Tel Aviv University and gave the crowd a history lesson on the use of currencies worldwide. During the talk, Szabo explained to attendees that he believes countries blacklisted from trade and regions dealing with hyperinflation will turn to digital assets. Over the last two years, cryptocurrencies like BTC and BCH have been gaining traction in areas like Venezuela, Zimbabwe, and Iran. According to attendees at Tel Aviv University’s cryptocurrency event, Szabo’s keynote was in response to comments made by Avi Simhon, senior economic policy advisor and Israel’s head of the National Economic Council. Simhon remarked at the summit that Bitcoin technology is “intrinsically inefficient” and “will disappear.” Moreover, the economic policy advisor for the prime minister explained that using the technology on a global scale would waste “trillions of dollars of actual cost in energy.” Szabo on stage with the renowned cryptographer David Chaum. Even Central Banks May Attempt to Hoard Bitcoin Reserves Over Gold Of course, Szabo wholeheartedly believes in cryptocurrencies and his talk explained the many benefits of the digital revolution. Additionally, Szabo asserted that it is possible in the future some of the world’s central banks will turn to cryptocurrencies rather than gold. “There’s going to be some situations where a central bank can’t trust a foreign central bank or government with their bonds for example,” Szabo emphasized during his talk. “One solution that’s been developed is to have the Swiss government hold it for you - that’s not a trust minimized solution. The Swiss government itself is subject to political pressures and so a more trust minimized solution is cryptocurrency.” Szabo continued: The other problem with gold reserves is that they’re physically vulnerable. When the Nazis conquered countries in Europe, the first place they went to was a central bank’s gold reserves. Over the last few weeks, a number of top market makers and economists have asserted that the world is facing tumultuous times. Traditional investment vehicles like equities and stocks have been extremely volatile, but precious metals markets have recently seen significant gains. In contrast, this past Monday the spot price of gold touched a six-month high at $1,288.03 per ounce and gold futures settled at $1,289.90 per ounce. Meanwhile, because of increased demand and worldwide shortages, palladium hit an all-time peak in value this week. During the speech in Israel, Szabo seemed to be far more confident about the future of digital assets over precious metals. Many cryptocurrency proponents over the years take the cryptographer’s predictions seriously because of his early forecasts about the future of smart contracts. An audience member at the Tel Aviv summit even quoted Szabo for saying “Bitcoin could survive a nuclear war.” What do you think about Szabo’s statements about cryptocurrencies? Let us know what you think about this subject in the comments section below. Image credits: Twitter, Steph Vaughan, Shutterstock, and Pixabay. At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up 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 Nick Szabo: Central Banks May Turn to Cryptocurrency Reserves Over Gold appeared first on Bitcoin News.

a month ago

eToro CEO Believes it will be a While Before the SEC Approves a Bitcoin ETF

eToro CEO Yoni Assia believes that the SEC will take additional time before approving a Bitcoin exchange-traded fund (ETF). Assia made the comments while speaking at the Israel Bitcoin Summit in Tel Aviv and he explained that while the crypto-industry remains excited about a Bitcoin ETF approval, the current market conditions and nature of cryptocurrency make it unlikely. Assia also mentioned that the year-long degradation of cryptocurrency prices has strengthened the perception that the cryptocurrency market will inevitably fail and lead to massive capital losses for investors. According to Assia, America’s capital markets are “already like blockchain [as] they can monitor every single transaction that takes place] and crypto represents an ungoverned space out of their locus of control. (RS)

a month ago

We Still Have Some Time Left For A Bitcoin ETF, Says eToro Chief

A lot of people expect Bitcoin ETF to clear its US SEC regulatory hurdle by Q1 2019. While, there’s still some time for the regulators to announce their decision, eToro’s CEO Yoni Assia believes Bitcoin ETF will not be around for some time at least. Market Conditions and Nature of Crypto Industry making things difficult Yoni Assia, who was near accurate in his visions in the past for the crypto industry, recently shared his thoughts at the Israel Bitcoin Summit which was held at Tel Aviv University this Wednesday. According to him, while the industry is still excited for the Bitcoin ETF to get an approval, both market conditions and the nature of the cryptocurrency industry makes it unlikely that the US SEC would give a green signal to a cryptocurrency ETF. Following on from this, Yoni mentioned that the recent downfall in the crypto markets has lent credibility to the view that the cryptocurrency market is destined to fail and, as a corollary of that, lose people money. “The people that said ‘crypto is a bubble, people are going to lose their money’ are now the smart people in the room because they were right”, said the eToro CEO. “Those people get credit [and can] delay things a bit further. So I think it’s going to be a while before we see an ETF but you never know.” Assia also added that it’s really difficult to get the SEC to agree upon the way crypto industry and exchanges function. To quote him; “The American capital markets, for the SEC, are already like a blockchain, they can monitor every single transaction that takes place. So when they look at crypto and all these exchanges spread across the world that doesn’t have control, and will probably never have control, they understand they can’t necessarily [prevent price manipulation] - and that’s a new paradigm for them.” While Assia was bearish on the ETF, he was still pretty bullish on the cryptocurrency space. According to him, the world will see a whole new country adopting cryptocurrency in the near future and it will destroy that country’s banking system. To quote him “It is inevitable that in the next five years we’re going to see at least one country where people flock to Bitcoin,” said Assia. “All the banks in that country [will] go bankrupt and the government has zero chance of reviving the banking system because there is no need for local currency or local bank.” He also said “But it’s inevitable that it will lead some governments to bankruptcy - so the fact that some of them are blocking it does make sense. But the average lifespan of a fiat currency is 30 years, so could all live to see fiat currencies disappear.” While Yoni’s assumptions are quite tall, the position he is in, his comments cant be taken lightly. While the wait for the Bitcoin ETF continues, let’s keep fingers crossed that the application crosses the SEC barrier sooner. Will the SEC duck the IPO this time as well or will the crypto industry gets it holy grail? Do let us know your views on the same. The post We Still Have Some Time Left For A Bitcoin ETF, Says eToro Chief appeared first on Coingape.

a month ago

We Still Have Sometime Left For A Bitcoin ETF, Says eToro Chief

A lot of people expect Bitcoin ETF to clear its US SEC regulatory hurdle by Q1 2019. While, there’s still some time for the regulators to announce their decision, eToro’s CEO Yoni Assia believes Bitcoin ETF will not be around for some time at least. Market Conditions and Nature of Crypto Industry making things difficult Yoni Assia, who was near accurate in his visions in the past for the crypto industry, recently shared his thoughts at the Israel Bitcoin Summit which was held at Tel Aviv University this Wednesday. According to him, while the industry is still excited for the Bitcoin ETF to get an approval, both market conditions and the nature of the cryptocurrency industry makes it unlikely that the US SEC would give a green signal to a cryptocurrency ETF. Following on from this, Yoni mentioned that the recent downfall in the crypto markets has lent credibility to the view that the cryptocurrency market is destined to fail and, as a corollary of that, lose people money. “The people that said ‘crypto is a bubble, people are going to lose their money’ are now the smart people in the room because they were right”, said the eToro CEO. “Those people get credit [and can] delay things a bit further. So I think it’s going to be a while before we see an ETF but you never know.” Assia also added that it’s really difficult to get the SEC to agree upon the way crypto industry and exchanges function. To quote him; “The American capital markets, for the SEC, are already like a blockchain, they can monitor every single transaction that takes place. So when they look at crypto and all these exchanges spread across the world that doesn’t have control, and will probably never have control, they understand they can’t necessarily [prevent price manipulation] - and that’s a new paradigm for them.” While Assia was bearish on the ETF, he was still pretty bullish on the cryptocurrency space. According to him, the world will see a whole new country adopting cryptocurrency in the near future and it will destroy that country’s banking system. To quote him “It is inevitable that in the next five years we’re going to see at least one country where people flock to Bitcoin,” said Assia. “All the banks in that country [will] go bankrupt and the government has zero chance of reviving the banking system because there is no need for local currency or local bank.” He also said “But it’s inevitable that it will lead some governments to bankruptcy - so the fact that some of them are blocking it does make sense. But the average lifespan of a fiat currency is 30 years, so could all live to see fiat currencies disappear.” While Yoni’s assumptions are quite tall, the position he is in, his comments cant be taken lightly. While the wait for the Bitcoin ETF continues, let’s keep fingers crossed that the application crosses the SEC barrier sooner. Will the SEC duck the IPO this time as well or will the crypto industry gets it holy grail? Do let us know your views on the same. The post We Still Have Sometime Left For A Bitcoin ETF, Says eToro Chief appeared first on Coingape.

a month ago

Israeli Regulator Claims Bitcoin Will Disappear Because It Is Intrinsically Inefficient

Avi Simhon, Israel's National Economic Council Chair said Bitcoin will disappear because it is intrinsically inefficient. Simhon is also a senior economic policy advisor to the country's prime minister. He made this statement at the Bitcoin Summit in Tel Aviv University. Simhon argued that it would cost trillions of dollars in electricity to issue Bitcoins at a global scale, while it costs very little to print fiat money. He said Bitcoin is not an asset or a currency, rather a speculative asset. Simhon believes that central-bank backed digital currency (CBDC) will eventually win. Bitcoin (BTC) is priced at $4,060.65, gaining 0.72% in the last 24 hours. (VS)

a month ago

Cryptocurrencies Are Flashing a Buy Signal, Reports Bloomberg

Cryptocurrency enthusiasts may have a reason to rejoice as the technicals are flashing a buy signal according to a technical analyst at Bloomberg. Positive signs from market technicals could mark the beginning of a new crypto bull run. The GTI Vera Convergence Divergence indicator shows that Bitcoin is currently in its longest buying streak of six months. What to Make of the Technicals? The indicator shows that buying pressure has persisted over the past 13 days in Bitcoin and if it continues at this pace, the price of BTC could continue to rise. eToro’s senior market analyst at Tel Aviv Mati Greenspan said to Bloomberg: “Usually the best thing to do is to buy low and sell high. So, if we are going by technical analysis, we can very easily see on the chart that we are much closer to the bottom than we are to the top.” Greenspan further noted that he is seeing a crypto industry that is growing rapidly and the companies in this space are also hiring at an increased rate. New projects are coming online, and there are many indications of people getting “more and more involved in the market,” he states. Another Index Shows Positive Signals The Bloomberg Galaxy Crypto Index, which tracks the large-cap cryptos, also shows a section of the market in its longest “buy streak” since September. Bloomberg’s index moved up by 10% on Wednesday with Ethereum leading the gains. Ethereum rose by 11% on the same day, showing an 80% upward movement since its Mid-December lows. Wednesday’s crypto bounce could be the result of booking taxable losses, as noted by Bloomberg Intelligence analyst Mike McGlone. He said that the reduction in selling could be responsible for crypto’s bounce back, adding that: “Now is about the duration of the bounce before resuming what is likely a longer-term bear market.” Cryptocurrencies Are Flashing a Buy Signal, Reports Bloomberg was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

a month ago

Crypto Exchange in Israel is Launching API Service to Allow Regulated Crypto Payments

Tel Aviv-based cryptocurrency exchange Bits of Gold recently announced that it is launching an application program interface (API) service that will enable companies to accept crypto payments and receive the value in Israeli shekels or U.S. dollars. The exchange hopes that this will help encourage wider adoption and use of cryptocurrencies by companies, helping to expand available options for cryptocurrency users. Bits of Gold has future plans to launch a series of cash registers which enable retailers to accept cryptocurrency payments. (JF)

2 months ago

Pump-and-Dump Schemes Increase as the Market Remains Unregulated

According to recent research by the Social Science Research Network (SSRN), pump-and-dump schemes in the crypto sphere have increased, leading to manipulation of asset prices. Seven academics from Tel Aviv University, the University of Tulsa and the University of Mexico conducted the study and advised regulators to be very concerned with this issue. Per the findings, the individuals behind such insider groups organize them through Telegram and Discord. The research found a total of 1,051 pump-and-dump schemes on Discord and 3,767 schemes on Telegram. Per the researchers, ‘the regulatory vacuum’ in the crypto sector is one of the potential reasons for the existence of Ponzi schemes. (KE)

2 months ago

4,818 Pump and Dump Schemes Involving Bitcoin (BTC) and 300 Cryptos Identified By a Team of Economists

On the 18th of December, a team of economists from America and Israel released a research paper examining pump and dump schemes in the crypto-verse that have flourished on the two platforms of Telegram and Discord. The 19 page report acknowledges that there has been an increased interest in cryptocurrencies in the past few years that has been accompanied by a proliferation of fraud. The research paper goes on to explain: While the fundamentals of the ruse have not changed in the last century, the recent explosion of nearly 2,000 cryptocurrencies in a largely unregulated environment has greatly expanded the scope for abuse. The paper first quantifies the scope of cryptocurrency pump and dump on Discord and Telegram, two widely popular group messaging platforms with 130 million users and 200 million users respectively. Both platforms can handle large groups with thousands of users, and they are the most popular outlets for pump and dump schemes involving cryptocurrencies. We identified 3,767 different pump signals advertised on Telegram and another 1,051 different pump signals advertised on Discord during a six-month period in 2018. The schemes promoted more than 300 cryptocurrencies. Bitcoin Not Immune to Pump and Dump Schemes The team managed to match the pump and dump information on Discord and Telegram to actual trading data. They also looked at the accuracy and success of the pump and dump schemes and found that there was evidence that such activities affected the price of Bitcoin. They paper went on to explain how BTC was affected by the pump and dump activities. Most of the cryptocurrencies cannot be directly traded with USD, but they can be traded with bitcoin. Hence, we use coin prices in bitcoin. Because of this, we cannot include the pumps using bitcoin itself. There were 6 pumps of bitcoin on Discord and 76 pumps of bitcoin on Telegram. While these pumps account for only 1.7% of all pumps, it is important to note that bitcoin is not immune from the pump and dump phenomenon. More information on the research paper and the methodologies used can be found here. About the Economists The team that carried out the research and wrote the paper is as follows: JT Hamrick - University of Tulsa - Tandy School of Computer Science Farhang Rouhi - University of New Mexico - Computer Science Department Arghya Mukherjee - University of Tulsa - Tandy School of Computer Science Amir Feder - Technion-Israel Institute of Technology Neil Gandal - Berglas School of Economics, Tel Aviv University; Centre for Economic Policy Research (CEPR) Tyler Moore - University of Tulsa - Tandy School of Computer Science Marie Vasek - University of New Mexico - Computer Science Department What are your thoughts on pump and dump schemes rampant in the crypto-verse? Please let us know in the comment section below. The post 4,818 Pump and Dump Schemes Involving Bitcoin (BTC) and 300 Cryptos Identified By a Team of Economists appeared first on Ethereum World News.

2 months ago

It Happened: Next Block Conference in Tel Aviv!

CoinSpeaker It Happened: Next Block Conference in Tel Aviv! NEXT BLOCK gathered more than 300 participants from Israel and all around the world - top-tier experts, investors, opinion leaders and promising startups. David Weild IV (NASDAQ) and Alex Mashinsky (Celsius Network) have delivered meaningful keynote speeches on blockchain and crypto trends of 2019. David has described the latest market turmoil as a positive development that will bring the industry back to the fundamentals. David said: “I think this significant technology shift in tokenization of securities allows us to make distributions and do a whole range of things more efficiently is here to stay. But “just let it run” doesn’t work. Rules change, and you have to modify the process layer. 2019 is going to be back to basics year. Still, you have to have some prototype or product, and even sales to get financed.” Alex stated that the market is maturing and we’re being left with the serious companies and investors: “We’re seeing more sellers than buyers and that’s a good development. We don’t want those people. They were not here for the long run, they just wanted to make some instant cash.” At NEXT BLOCK the guests could hear from industry experts and blockchain executives such as Dr. Asher Idan (Startup-Nation), Naeem Aslam (Forbes, ThinkMarkets), Robert Cohen (Benson Oak Ventures and NKB Capital), Motti Peer (Blonde 2.0), Eran Tirer (Ledgertech AG), Eyal Hertzog (Bancor), Ralph Y. Liu (MuleChain) and others. The conclusion of the fruitful discussions could be stated in following: Fewer scammers, More products, fewer papers, Blockchain consolidation. In addition, at NEXT BLOCK 5 lucky participants won first blockchain smartphones FINNEY by Sirin Labs with the facilities like built-in cybersecurity suite, crypto wallets, Sirin OS, DApps, and Token Conversion Service. The highlight of the event was an EXCLUSIVE and STYLISH After-Party - FashionTV Party By NEXT BLOCK. The party rocked in FashionBar Tel Aviv, treating the guests with delicious cocktails and the atmosphere of allure, as well as in-depth networking! We invite you to join the upcoming NEXT BLOCK Conferences at NEXT-BLOCK.ORG and follow us at Facebook, Telegram, Instagram, Twitter and LinkedIn to get latest news and promotions. It Happened: Next Block Conference in Tel Aviv!

2 months ago

New Study Reveals: 4,818 Crypto Pump and Dump Schemes Recorded In Just 6 Months

The crypto space often gets a bad rap for its failure to prevent price manipulations. We’ve seen many cases where coordinated groups of people, led by crypto whales, have pumped the price of a coin to tens and hundreds of percentage gains, before dumping it back to its normal levels, leaving a few people richer, and a whole lot more significantly poorer. The question of how significant this problem is has remained an open one for many years. However, a new study published by economists from the University of Tulsa, University of New Mexico, and Tel Aviv University seem to have finally revealed the answer, and to almost no one’s surprise, it’s shockingly bad. The economists identified as much as 4818 pump and dump schemes involving 300 different cryptocurrencies during six months (from mid-January to early July). The economists found that the schemes were “widespread” and “often quite profitable.” 3,767 of the 4,818 instances were on Telegram alone. 10% of the pumps on Telegram increased the price by more than 18%, while Discord pumps increased the price by more than 12%. In both cases, the pumps occurred within in just five minutes. What Are Telegram and Discord Signal Groups? The study was conducted by collecting pump signals from Telegram and Discord groups. Pump signals are announcements that tell people to buy a specific cryptocurrency at a particular time and price. The group admin usually makes an initial announcement 24-48 hours before the date of the pump. Then post reminders about the upcoming pump, with messages saying things like “only 10 hours left until the next massive pump”, or “Our last pump generated over 100% gain for traders”. This is an apparent effort to entice new and current pump signal followers to join in on the upcoming pump. The coin that is scheduled to pump is kept secret up until the announcement, and often revealed as a picture instead of text. A classic pump and dump. Source: Steemit This is supposed to ensure that no traders can program a bot that buys automatically and immediately. However what ends up happening is that those who own the pump signals group and are coordinating the scheme will already have an advantage, and often may even charge traders money to receive the coin announcement earlier than everyone else. At its core, pump and dump schemes must always have victims, that’s the only way it can work out. For the first coin buyers to make a profit, a second group has to buy the coins later than them and for a higher price. The second group can only make a profit when a later group buys the coin at a higher price than they bought it for. This process goes on until the last unfortunate group of people purchases the pumped coin at a price that no one else is willing to buy at. Then, just as quickly as the price skyrocketed, it plummets back down and leaves the last buyers with half or all of their money gone. This whole process can take as little as 5 minutes. P&D Provides a Reason For Self-Regulation The report provides a complete look at the severity of the price manipulation problem occurring in crypto and is clear evidence for why some form of self-regulation (using the same decentralized technologies that enable such fraudulent activity to occur) should be implemented. Other studies have also been conducted on this topic including a review by Imperial College London which found that around $7 million worth of cryptocurrency trading volume is the result of pump-and-dump schemes. The post New Study Reveals: 4,818 Crypto Pump and Dump Schemes Recorded In Just 6 Months appeared first on CryptoPotato.

2 months ago

Telegram Found To Be A Hub For Crypto Pump-And-Dump Schemes

According to a study conducted by researchers from the University of Tulsa, University of New Mexico, and Tel Aviv University, crypto traders are manipulating the market through pump-and-dump schemes. The research was done on Telegram and Discord, messaging platforms popular among crypto traders. From mid-January 2018 to early-July 2018, researchers identified at least 4,818 signals for pump-and-dump attempts. 3,767 instances were on Telegram alone. Lack of regulations has made cryptocurrencies the prime target for scammers. Also, with thousands of coins with low liquidity, scammers were able to lure potential victims without much effort. (VS)

2 months ago

@EkovahC @Crypto_NLD @quant_network @telcoin_team @XYOracleN...

@EkovahC @Crypto_NLD @quant_network @telcoin_team @XYOracleNetwork Telcoin is using Ethereum blockchain? Why don't… https://t.co/ErkAt8IRZx

2 months ago

Proud to be presenting at “From Chaos to Clarity” at NEXT BL...

Proud to be presenting at “From Chaos to Clarity” at NEXT BLOCK in Tel Aviv tomorrow, Dec 12th. Come meet us to lea… https://t.co/CInko0nmCg

2 months ago

Former Israeli Prime Minister Ehud Barak says Bitcoin is a Ponzi Scheme

Ehud Barak, the former Prime Minister of Israel, believes that blockchain is an important technology but he advises that Bitcoin is a Ponzi scheme that should be avoided at all costs. Barak made the comments at the Globes Most Promising Startups event in Tel Aviv after being asked if investing in medical marijuana was the equivalent of investing in Bitcoin. According to Barak, “Blockchain itself is a mathematical technological concept and an interesting and important methodology [whereas] Bitcoin and all the others, that’s a Ponzi scheme.” Barak’s sentiments also align with Wall Street financial analyst Gary Shilling, who similarly dismissed Bitcoin as a “grand Ponzi scheme”. In fact, Shilling is so sure of this that his New Jersey investment firm, A. Gary Shilling & Co., has been shorting Bitcoin for some time. (RS)

3 months ago

Report: Crypto Exchanges Are Recording Impressive Revenues

Cryptocurrency exchanges are catching up to their traditional counterparts, a new study suggests.According to a report released by global professional services company Accenture, revenue from cryptocurrency exchanges is now matching that of traditional exchanges. Some of the changes discussed in the document, “Capital Markets Vision 2022,” include the rise and growth of cryptocurrencies, and how blockchain technology could potentially help traditional firms unlock value and add new levels of efficiency to their operations. Traditional exchanges typically generate solid pre-tax margins, but their growth prospects tend to be modest at best, the document explains. Thus, many traditional firms have begun finding ways to bring cryptocurrency trading to their customers as a means of potentially increasing their revenue while offering investors the chance to build more diversified portfolios. The report says that cryptocurrency exchanges and servicing hold a 64 percent pre-tax margin. The authors say that, in just a few short years, crypto exchanges have “exploded from virtually nowhere” and now represent a substantial amount of revenue, matching that from traditional exchanges with a discrepancy in composition of margin and turnover that differs by a factor of roughly 1,000. Markus Boehme — co-author of the report and managing director at Accenture Strategy — explains, “Adapting a trillion-dollar industry for the digital age while it’s entering an era of profound disruption is a complex and shapeshifting goal, but it is also an era that provides significant opportunities for those who act fast as value pools are being redistributed. Nimble firms will be able to capture new profit opportunities in a ‘race for relevance’ while also benefiting the industry’s customers.” Furthermore, blockchain technology is becoming increasingly popular amongst traditional financial players, and the report states that nearly every significant member of the capital markets industry is experimenting with blockchain infrastructure to some degree. The authors say that blockchain’s uses go beyond simply recording transactions and ultimately extend to factors like updating reference data, creating fractional and digital asset vehicles, and redefining syndicates. In addition, the authors explain that, while artificial intelligence (AI) is likely to affect the industry first, blockchain technology could affect the industry in a more significant and long-term way. They suggest that blockchains have many uses in trading and market infrastructure, and that many of these use cases can already be seen in the exchange sector. Two examples include the Australian and Toronto Stock Exchanges, which are both using blockchain to replace legacy settlement systems. In addition, the Tel Aviv Stock Exchange is now working on putting collateral management on a distributed ledger. The document states that blockchain technology has the power to significantly reduce costs in the financial industry by reducing redundancy. Many traditional firms depend on functions that are consistently repeated due to what the report calls a “lack of a universal source of truth.” Employing a distributed ledger to record trade executions and settlements could knock out the need for several of the firms’ repeating functions. We believe that both AI and DLT [distributed ledger technology] have the potential to grow substantially as we head toward 2022 and beyond. Their use cases could extend not only to optimizing and mutualizing current processes, but also to unlocking value in existing data and assets and allowing the industry to target completely new revenue streams. In all, the report suggests that utilizing DLT could lead to potential savings of nearly $100 billion. However, the timing of this reduction will depend greatly on when DLT becomes the financial industry backbone. The authors say a solid plan for implementing DLT strategies is necessary for allowing clients to capture a larger share of their back-office value chains. To view the full report, click here. This article originally appeared on Bitcoin Magazine.

3 months ago

Moshe Hogeg, a Famous Israeli Crypto Entrepreneur Facing Accusations of Embezzling ICO Funds

Moshe Hogeg, a renowned Israeli crypto entrepreneur, is facing accusations of misusing funds from two ICO projects. Consequently, IDC Investdotcom Holdings, the company that conducted the ICOs has become insolvent. Seventeen individuals alleging to be shareholders in the company have filed a petition seeking to liquidate the organization. According to a report by The Times of Israel, a court in Tel Aviv has subsequently appointed a temporary liquidator. The petitioners claim that Moshe failed to share the firm’s proceeds and instead squandered. (KE)

3 months ago

Telcoin Collaborates with Jumia to Enhance Service Delivery and Increase Efficiency

Telcoin, a Japan-based firm that offers telecom-focused blockchain solutions has partnered with Jumia, a top online e-commerce brand in 15 African countries. This partnership would incorporate the blockchain technology into Jumia to increase the volume of goods and services it offers. Per the announcement, the associates would start their operations in Nigeria. According to the CEO of Jumia Nigeria, Juliet Anammah, they would trust Telcoin to handle currency conversion since Jumia does not support cryptocurrency payments at the moment. (KE)

3 months ago

Telcoin new partnership with @JumiaNigeria , a leading onlin...

Telcoin new partnership with @JumiaNigeria , a leading online e-commerce marketplace accessible in 15 African count… https://t.co/TduyK5b0v7

3 months ago

Telcoin is excited to announce a partnership with Jumia, a l...

Telcoin is excited to announce a partnership with Jumia, a leading online e-commerce marketplace accessible in 15 A… https://t.co/3VgcapSqdO

3 months ago

Teen Offering Fake Bomb Threats for Bitcoin Sentenced to 10 Years in Prison

The cryptocurrency industry attracts people from all strides of life. Some people see the big picture, whereas others want to get rich quick. One teenager making fake bomb threats has been sentenced to 10 years in prison. Interestingly enough, this perpetrator was paid nearly $800,000 in Bitcoin. Bomb Hoaxes are a Serious Crime It remains unclear what drove this teenager to commit multiple bomb hoaxes. He targeted schools, hospitals, Jewish centers, and so forth. It is expected over a hundred separate incidents have been recorded over the years. Such a large-scale operation cannot go by unnoticed for very long. Ultimately, the teenager responsible for these prank calls was arrested. Earlier this week, he received a jail sentence of ten years in prison. For a 19-year-old, that is a rather harsh reality check. He received this sentencing in Tel Aviv, as the perpetrator is of American-Israeli descent. A different case against this person is underway in the United States where the Justice Department aims to sue him for hate crimes. Most of these crimes were committed during his years as a minor. All convictions pertain to hoaxes committed after turning 18 years old. Charges include making threats, conspiracy to commit a crime, and even money laundering. That latter angle involves Bitcoin, the world’s leading cryptocurrency. Developments like these give Bitcoin an even worse reputation than it already has today. The Bitcoin Angle Raises Eyebrows Court documents obtained by the New York Times indicate this person preferred to be paid in Bitcoin. He was an active darknet user and always favored BTC to remain somewhat anonymous. Bitcoin is a favored payment method on underground forums, though its actual use in criminal activity is extremely low, despite critics’ claims. For all of his efforts, the teenager earned 184 bitcoins - roughly $775,000 at current prices. Not all of these payments have to do with bomb hoaxes. The user is also active in terms of child pornography, drugs, and bomb-making guides. This further confirms the individual has a clear intent to commit various crimes in search of quick money. Fake bomb threats cost $40 to execute, which makes for a rather appealing business model to the right people. The defendant has refused to give up access to his Bitcoin wallet meaning that, at this time, the government cannot seize the funds in question. A small portion of his earnings was exchanged to cash. Everything else is still stored in an undisclosed Bitcoin wallet. It is unclear if any action will be undertaken to gain access to the money in question. Do you think that criminals will continue to use Bitcoin despite its proven lack of true anonymity? Let us know in the comments below. Images courtesy of Shutterstock The post Teen Offering Fake Bomb Threats for Bitcoin Sentenced to 10 Years in Prison appeared first on Live Bitcoin News.

3 months ago

3 Blockchain Conferences You Don’t Want to Miss Out On

A number of key Blockchain events a lining up to usher participants in the ecosystem into the next developmental phase of the novel technology. The ICO era of 2017 marked a significant landscape in the life of blockchain technology and the concept of tokenization. The effect of this era reverberated across various aspects of the industry. At the same time, it attracted a lot of new players both from the technical and investment angles. As the ICO phase wanes, project teams and industry leaders are beginning to focus on the fundamentals of the underlying technology. The incidental slump in crypto prices, led by Bitcoin is not free of the fact that development teams of various products are selling off accumulated cryptos for product development purposes. This core factor symbolizes the advent of a new phase in the life of blockchain technology and cryptocurrencies. The blockchain industry as an entity has been a product of continuous education, growing awareness, and robust networking. Meetups and conferences have become established as the birthplace of trends and direction for the industry. The blockchain industry is presently confronted with a critical transition phase. Therefore, key events are being organized where top experts from blockchain and other related industries can share their opinions as they analyze the future of the industry. Next Block Conference, Tel Aviv The NextBlock Conference is set for December 12, 2018, in Tel Aviv, Israel. It is an event that aims at engaging, educating and impacting participants. According to the event organizers, the conference is designed for blockchain professionals, business, funds and start-ups alike. It is a program that promises to provide participants with an opportunity for high-end networking with the very top leaders in and across the industries. David Weild IV, Vice Chairman of NASDAQ, Chairman, and CEO of Weild and Co. Inc shall be delivering the keynote address at NextBlock 2018. Beyond Blocks Summit, Bangkok With Bangkok standing out as one of the blockchain friendly cities within the Asian region, industry participants are using the opportunity to express themselves in that region. The Beyond Blocks Summit which will take place on November 26-27, 2018 sets the stage for industry leaders to present their views on industry trends and the way forward. Charles Hoskinson, Founder & CEO of IOHK (Cardano), Wei Zhou, Chief Financial Officer at Binance, Ryan Gaylor, Director of Corporate Payments at Ripple are a few of the numerous experts that will be presenting at the high-end event. The event is an opportunity for participants to engage with the fastest growing blockchain platform while maximizing the opportunities to interact and network with the major industry players. The year 2019 promises to bring to life numerous expressions of blockchain products that have been brewing underground. Blockchain enthusiasts and industry participants are positioning themselves strategically in other not to miss out on the imminent trend of upcoming events. Nitron Summit 2019, San Francisco The Nitron Summit 2019 is positioned to herald the industry into this new trend. The event is set to take place in San Francisco on January 17-18, 2019. According to the organizers, the event is aimed at breaking industry barriers and fostering innovation within the blockchain industry. This is the first international summit to be hosted by TRON. Blockchain is evolving, and new trends keep emerging. Being a community-based technology, conferences and educational programs remain a vital tool in the development and propagation of the technology. With the imminent era of mainstream introduction close by, events such as elaborated above cannot be overemphasized as products and connection with certainly find new leases to life. Altogether, the next phase of blockchain development will unfold as the industry continues to expand. 3 Blockchain Conferences You Don’t Want to Miss Out On was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

3 months ago

3 Conferences that Target the Next Phase of Blockchain Development

CoinSpeaker 3 Conferences that Target the Next Phase of Blockchain Development 2018 stands out as the year when the blockchain industry engaged the various angles that define the ecosystem. The record price of Bitcoin and other cryptocurrencies at the beginning of the year reveals the potential of value stored in the technology. The flexibility of the crowdfunding systems that blockchain permitted showed new ways of capitalization. Certain challenges also gave birth to new ideas and different ways of thinking, which have reflected on the industry as a whole. For instance, the “Scaling” difficulty encountered by bitcoin has led to a lot of people considering it as digital gold, rather than a transaction vehicle. Keeping in Touch with the Trend The popular way to maximize the opportunities that are presented by the blockchain industry remains to be well informed about the trends and development. At the same time, the community design of the entire ecosystem makes it expedient for networking to be a very strong tool in driving ideas within the industry. Blockchain conferences have proven to be vital platforms that aid the development of the industry as a whole. Education, exposure, connection, and networking are benefits that have been emphasized by blockchain summits and conferences. Industry leaders have found a way to make their opinions known and present facts of their intense analysis of developments during these events. Thus, it is no surprise that with every transition period comes key events that herald the new season. A number of blockchain events have been slated for the year ending 2018 and the beginning of 2019. This period coincides with the transition from the ICO era to the product development/launch season as eagerly anticipated. Hence, participants are taking an opportunity to position themselves strategically as the new wave kicks off. Beyond Blocks Summit, Bangkok November 26-27, 2018 will witness the Beyond Blocks Summit in Bangkok, Thailand. Bangkok as a city is growing in reputation as a blockchain friendly environment. This reputation automatically attracts various key players and startups, thereby making it easy for blockchain to thrive based on synergy. Considering this outlook, it is reasonable to expect a robust and versatile event where major players will be well represented. Therefore, the summit which will feature A-listers like Charles Hoskinson of IOHK, Wei Zhou of Binance and Ryan Gaylor of Ripple isn’t one to be taken for granted. Some of the key topics in the Summit agenda include: • Silicon Valley Vs Asia: Path To Redemption In Crypto • Scalability: The Quintessential Blockchain Hurdle • Cryptocurrency Exchanges: A (Not-so) Long Term Vision The Next Block Conference, Tel Aviv With speakers that cut across both the blockchain and mainstream ecosystem, the Next Block Conference provides a platform to dissect the numerous developments that the industry has experienced, especially in 2018. The event is planned to set the tone for the next phase which is about to kick while providing participants with a clear industrial outlook on what to expect. Beyond education and guidance, the event also promises to provide networking opportunities for participants to build fruitful and lasting relationships. Nitron Summit 2019, San Francisco As one of the early events of 2019, TRON will be hosting its first international summit on January 17-18, 2019. It is an event that also attracts a wide range of experts from within the blockchain industry and beyond, as well as famous icons such as Kobe Bryant. TRON as an entity is dedicated to accelerating the decentralization of the Internet through blockchain technology and decentralized applications. Therefore, as the blockchain movement grows and encroaches into the mainstream, there is not a better time to foster innovation within the industry. This is the focus of the Nitron summit. Blockchain evolution continues, and research and ideas will be continually communicated through the right channels. Conferences, summits and meetups have served as an effective platform for education, communication, and networking. There is still a lot to achieve within the industry and these events as mentioned above do have significant roles to play as participants position themselves to maximize the opportunities provided. 3 Conferences that Target the Next Phase of Blockchain Development

3 months ago

American-Israeli Teenager Jailed for Making Bomb Threats to Make a Bitcoin Fortune

A Tel Aviv court has sentenced an American-Israeli teenager Michael Kadar, who made a Bitcoin fortune from bomb threats, to a 10-year prison term. The 19-year old generated about 184 Bitcoins, about $800,000 from bomb threats. Kadar is said to have made about 2000 bomb hoaxes between 2015-2017. His services, which were paid in Bitcoin, were offered on the darknet. He charged $500, $40, and $80 for making bomb threats to commercial jets, private residences, and schools respectively. Kadar made the threats from Ashkelon, Israel using sophisticated software which changed his voice and concealed his location. Several police forces collaborated in the investigation and found cash in US dollars when they raided his place. However, he did not disclose his Bitcoin wallet details. (KE)

3 months ago

Today Laurent-Michel TAMET spoke about Telcoin vision @ClubO...

Today Laurent-Michel TAMET spoke about Telcoin vision @ClubOpenInnov https://t.co/7bxwqW2a2K

3 months ago

Israeli Startup Launches Crypto Funds Amid Institutional Push

Since the value of Bitcoin began to recede in early-2018, investors from across the globe have sought to find a silver lining to latch onto. However, with initial coin offerings (ICOs) seeing less than adequate amounts of interest, security tokens failing to pick up steam, and corporations remaining hesitant to adopt blockchain-based technologies, investors have only found hope in institutional involvement. And, with a number of developments and cries for the arrival of the “institutional herd,” it has become apparent that finally, after a multi-month downtrend, crypto investors can find some much-needed solace. Silver Castle Launches Two Crypto Funds, Looks to Institutional Investors According to a report from Bloomberg, Silver Castle, a Tel Aviv, Israel-based digital asset investment house, has recently launched two cryptocurrency-centric funds. Silver Castle’s first fund trades on the back of an undisclosed group of algorithms, which reportedly analyze the momentum of the five most capitalized cryptocurrencies, before opening short or long positions as it sees fit. Eli Mizroch, CEO of Silver Castle, explained that these algorithms have been used in-house for over a year, with results being in the “high double-digits,” presumably in terms of percentile. The second fund, which also makes use of algorithms, offers investors a collection of this market’s top 10 cryptocurrencies. The latter fund is likely aimed at the long-term crypto investor, while short to medium-term investors would have a penchant for the former. By year’s end, Silver Castle, Israel’s first institutional-focused cryptocurrency investment corporation, hopes to have $50 million in investor capital under its belt via the two aforementioned funds. Speaking on his firm’s appeal to institutional grade investors, Mizroch stated: “We spent close to a year building robust infrastructure for managing other people’s money at the level of institutional grade with very, very high security.” If the two aforementioned funds garner adequate support, Mizroch hinted at his startup’s plans to offer a third fund, which would be focused on investing capital in ICOs and tokens. Silver Castle evidently wants to maintain its hegemony over the Israeli crypto ecosystem, as a multitude of startups and organizations in the region continue to eye blockchain technologies and cryptocurrencies. Israel-based eToro, for one, recently doubled-down on its crypto-related offerings, launching a cryptocurrency wallet after first offering Bitcoin (BTC) speculative trading in 2014. Binance CEO: Institutional Involvement Is “Very Net Positive” Interestingly, Silver Castle’s foray into professionally managed crypto funds comes amid a newfound drive to obtain the business of institutional players in this market. Speaking with The Street’s Jordan French, Changpeng “CZ” Zhao, CEO of Binance, explained that “increased institutional participation is a very good thing.” Bringing up Boston-based Fidelity Investment’s recent foray into the crypto market, dubbed an “all-in play” by optimists, CZ noted that the establishment of Fidelity Digital Asset Services (FDAS) “suggests the crypto market cap will grow a lot more.” Essentially using the age-old concept of the “snowball effect” to describe this market’s potential growth cycle, Zhao then explained that as this market swells, so will adoption, subsequently bolstering prices. The Binance executive then discussed volatility in this market, verifying the popular theory that institutional involvement calms emerging markets, like Bitcoin, while also enticing more players in. Taking this all into account, in short, as put by Zhao: “All of this I think is very positive. It’s just a matter of time [that institutions will arrive en-masse]. I don’t know how quickly it will happen, but it will happen.” Zhao’s aforementioned comments echo a tweet he made in late-October, in which he noted that “sooner or later,” funds from the pockets of institutions will make a perceptible appearance in cryptocurrency markets for the first time ever. Interestingly, Zhao isn’t the only industry savant to be making such claims, far from it in fact. Mike Novogratz, a former institutional banker-turned-cryptocurrency investment deity, recently lauded FDAS’ proposed custody solution, before subsequently aiming his firm’s scopes at institutional clients. Related Reading: Why Are Novogratz, Fidelity, and Bakkt Banking on Institutional Crypto Investors? Featured image from Shutterstock. The post Israeli Startup Launches Crypto Funds Amid Institutional Push appeared first on NewsBTC.

3 months ago

Giant Social Trading Platform, eToro, to Launch its Own Stablecoin

eToro, a social trading and multi-asset brokerage firm with offices in Israel, Cyprus, and the UK, is reportedly planning to launch its own stablecoin. When questioned about whether eToro would be releasing its own stablecoin (at the Finance Magnates London Summit), Yoni Assia, the CEO of eToro, confidently said: “Absolutely, yes!.” Founded in 2006 and established first in Tel Aviv, eToro...

3 months ago

Israeli Crypto Mining Startup Bitfarms Pursues a Public Listing in the Canadian Markets

Israeli crypto mining farm company Bitfarms has filed for an IPO in Canada, according to reports. The company, which is also listed on the Tel Aviv Stock Exchange, has filed a preliminary prospectus with Canada's securities regulator, according to reports. Bitfarms previously merged with Canada’s Backbone Hosting Solutions and has dual headquarters in Ramat Gan and Montreal. Bitfarms CEO Wes Fulford explained that the company is pursuing the Canadian listing because it’s “one of the most active public markets” for blockchain startups. (GT)

3 months ago

The Daily: Coffee Company to Pay Farmers in Bitcoin, Bitfury’s Latest Investment

In today’s edition of The Daily, we feature an upcoming bitcoin cash token backed by physical diamonds and an American coffee company that has decided to add cryptocurrencies to its payment options. Additionally, we look at a public mining company that may get a dual listing in Canada, as well as the latest investment by Bitfury. Also Read: GMO Internet Reports Crypto Exchange Profit Up Over 34% in Q3 2018 Rosetta Coffee Adopts Bitcoin Payments Rosetta Coffee, a specialty coffee company based in Lynchburg, Virginia, and Outer Banks, North Carolina, has announced that it will soon adopt cryptocurrency payment options. On the client-facing side of the business, transactions will go through Shopping Cart Elite’s e-commerce platform. With this, the online store will be able to accept BCH, BTC, BCD, DASH, ETH, LTC and XZC. Rosetta Coffee emphasized that farmers will also directly benefit from the new process, as part of its commitment to purchasing fair-trade coffee. “Cryptocurrency allows them to receive payment directly and immediately without paying a middleman. They will be able to take home more of what they earn,” said Aaron Skeen, co-founder of Rosetta Coffee. “We think this is awesome and it aligns directly with our mission. In the coming weeks and months, we’ll be working with farmers to iron out this process and make it more accessible.” Hello Diamonds Developing BCH Token Hello Diamonds, a part of the Cyprus-based Hello Group — which acquired the domain Bitcoincash.io earlier this year — is developing a new token backed up by physical diamonds. The company revealed that the “Diamcoin,” which is scheduled for launch in the first quarter of 2019, will be based on a bitcoin cash (BCH) smart contract protocol. “The Bitcoin Cash network allows for fast and cheap transactions and this is fundamental to our reasoning,” the developers explained. “We firmly believe that the Bitcoin Cash smart contracts will be the best choice for Hello Diamonds and we aim to scale and be the world’s most used stablecoin.” The token will use the Wormhole protocol, which creates the WHC “second layer” on top of the BCH network, a process which Hello Diamonds concluded “scales much better than Ethereum.” Bitfarms Seeks Listing in Canada Tel Aviv Stock Exchange-listed cryptocurrency mining company Bitfarms has started the regulatory process to examine the potential of having its shares listed on a Canadian exchange. The Canada-headquartered company has filed a preliminary prospectus with the Ontario Securities Commission, which was made available to the public on Nov. 12. It details a potential business arrangement between Bitfarms and a newly created Canadian private company, Bitfarms Canada, for the planned move. “We are currently evaluating a listing in Canada as we endeavor to grow Bitfarms’ visibility, improve our access to capital and streamline expenses,” commented Wes Fulford, chief executive officer of Bitfarms. “Our analysis suggests that Canada has one of the most active public markets in our emerging industry, with several blockchain infrastructure and cryptocurrency mining companies having listed and raised significant capital over the last 12 months.” Bitfury Invests in Institutional Crypto Company Bitfury Group, the San Francisco-based manufacturer of bitcoin mining hardware — which recently completed an $80 million private placement funding round — has announced a new investment of its own. The company has acquired an undisclosed but “substantial” minority stake in Final Frontier, a specialist cryptocurrency investment firm operating out of Switzerland’s so-called “Crypto Valley” region. This move is meant to help Bitfury to develop institutional-grade financial products and services for professional investors. “This is a groundbreaking partnership between a blockchain technology firm and an experienced team from traditional finance,” said Valery Vavilov, CEO of Bitfury. “With the blockchain space institutionalizing, we consider it an important step forward for the entire ecosystem and for our own mission to be the world’s leading full-service blockchain company.” What do you think about today’s news tidbits? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post The Daily: Coffee Company to Pay Farmers in Bitcoin, Bitfury’s Latest Investment appeared first on Bitcoin News.

3 months ago

Telcoin is pleased to join the @blockfolio Signal beta to ke...

Telcoin is pleased to join the @blockfolio Signal beta to keep you updated with the latest developments from our le… https://t.co/PuZ6ZlKjLz

3 months ago

Telcoin is pleased to join the Blockfolio Signal beta to kee...

Telcoin is pleased to join the Blockfolio Signal beta to keep you updated with the latest developments from our lea… https://t.co/ZEf6Lir87Q

3 months ago

NEXT BLOCK Blockchain Conference: Tel Aviv + Fabulous FashionTV after-party

On 12 December 2018, Tel Aviv Stock Exchange, Israel will host NEXT BLOCK Conference “From Chaos To Clarity: 2019 Trends” organized by Krypton Events. Bringing together over 350 participants and 20+ distinguished speakers, the Conference will hear from top blockchain experts looking into 2019 trends. As a good tradition, the event will be celebrated by a yet another luxurious FashionTV Party by NEXT BLOCK, which adds to the chain of the most fabulous crypto-parties of 2018. Meet NEXT BLOCK Keynote speaker - David Weild IV, a stock market expert best known for his position as Vice Chairman of NASDAQ. David is also the “father” of the Jumpstart Our Business Startups [JOBS] Act and has been involved in drafting legislation for the US Congress. Among our first speakers are: Jan Sammut, founder, and CEO of RefToken, Ofer Rotem, General Partner, Collider Ventures, active Israeli angel investor in blockchain related startups since 2013, Naeem Aslam, Columnist with Forbes, Chief Market Analyst of ThinkMarkets, Gianluca Massini Rosati, Founder and CEO presso Xriba, Ilan Tzorya, Founder and CEO of Krypton Capital, Avia Arika, Head of the Avia law, Marc P. Bernegger, Serial Fintech, and Crypto Entrepreneur. Check NEXT BLOCK to know more about the experts and the agenda of the event! Present your company in the EXPO ZONE or during the ICO Pitch Session, where each participant will have 5 minutes to earn the investor’s trust! Find out more, buy a ticket, become a sponsor or media partner at NEXT BLOCK. Follow the conversation on Facebook, Telegram, Instagram, and Twitter. Media contact: Svitlana Kokarieva, Project Manager, svitlana.k@kryptonevents.com, +38 063 213 12 12 The post NEXT BLOCK Blockchain Conference: Tel Aviv + Fabulous FashionTV after-party appeared first on AMBCrypto.

3 months ago

eToro announces GoodDollar experiment to reduce wealth inequality

GoodDollar experiment to research how to reduce wealth inequality using blockchain GoodDollar is an open source community project eToro announces $1m in funding and calls for more ‘brains, ambassadors and funders’ to join the experiment Global, multi-asset, investment platform eToro today announces the launch of the GoodDollar experiment with $1 million in funding from the company. The company is calling on more partners to join the initiative which aims to reduce wealth inequality using new technologies underpinned by blockchain. The experiment will research implementing a cryptocurrency that pays social interest to those who have less, and is continuously distributed to any verified participant for free, creating a global, open, universal basic income (UBI). Yoni Assia, eToro Co-founder and CEO, said: “The success of new technologies should not be measured only by their ability to power new industries and disrupt old ones, but also on their ability to affect positive change in the world. Too often the tech world focuses on generating commercial value, rather than societal value. Technology should be used to tackle the great challenges of our time. This is especially true of blockchain, which has been harnessed in many creative ways, but hasn’t yet been used to tackle our really big challenges.” The GoodDollar experiment is an open invitation for the global community to rethink the existing economic framework. GoodDollar aims to create a non-speculative cryptocurrency that aims to find ways to reduce wealth inequality on a global scale. It is geared towards a global UBI distribution mechanism that is deployed via smart contracts. Yoni Assia continued: “Inequality is the crucial economic challenge of our time. In 2017 just 1% of the world’s population owned more than half of the wealth. With the rise of technology unemployment, the tech industry needs to find solutions for those with less to participate in the economy and pursue their purpose. “We see a growing interest amongst tech entrepreneurs, such as Mark Zuckerberg and Elon Musk, who understand the challenge of global wealth distribution and want to create a research framework for how technology can help solve this issue. “The merging of blockchain technology, growing support for UBI and the realization that wealth inequality must be reduced, may finally converge into a new global economic system that would give all humans the financial freedom to pursue their purpose and happiness.” eToro Co-founder and CEO Yoni Assia first shared the idea of addressing wealth inequality a decade ago in an article published in November 2008 entitled ‘The Visible Hand’. Yoni’s vision is now being made a reality by a team based across Tel Aviv, London, and wherever the right expertise exists. Yoni Assia added: “We believe that we can create a mass-market cryptocurrency that is engineered to reduce inequality and provide a universal basic income. Engineers, product designers and economists are currently developing the prototype. Today is just step one on a long, ambitious journey. “I would like to invite more partners to join this important experiment. We’re looking for experts in the fields of decentralized identity, governance, local and global adoption of financial products, and wealth distribution. We are also on the hunt for ambassadors to help spread the word about the project, and for funders to help us deliver GoodDollar. So if you’re passionate about using technology for social good, please get in touch.” * Source: Credit Suisse Wealth Report, November 2017. As of October 2018, 0.7% of addresses hold as much as 87% of total bitcoin in supply - source: BitInfoCharts, October 2018. Further information on GoodDollar, including how you can get involved, can be found here. The post eToro announces GoodDollar experiment to reduce wealth inequality appeared first on CryptoPotato.

3 months ago

.@jeffwilser of @breakermag stops by Bancor's office in Tel ...

.@jeffwilser of @breakermag stops by Bancor's office in Tel Aviv for an in-depth conversation with @galiabenartzi:… https://t.co/6pVZQKO8nP

3 months ago

New Hampshire Opens Arms to Bitcoin Embassy, Second in the US

New Hampshire in the U.S. is once again showing how crypto-friendly it is with the opening of a Bitcoin Embassy, making it the second in the country. Teaching the Basics of Bitcoin Located on Route 101 in Keene, New Hampshire, is the Bitcoin Embassy. The aim of it is to provide a place where people can learn about cryptocurrency in a fun and easy manner, in addition to delivering network opportunities. It will also bring Bitcoin 101 lessons to individuals and businesses. This is the second Embassy located in the U.S. The other is situated in Atlanta, Georgia. The addition of the Bitcoin Embassy to Keene brings the total to 11. The remaining ones can be found in Amsterdam, Helsinki, Kiev, London, Montreal, Perth, Stockholm, Tel Aviv, and Warsaw. In a report from the New Hampshire Public Radio, Chris Rietmann, executive director of the Embassy, said: For regular everyday people who have heard about Bitcoin and they are intrigued by the idea, we can basically get them up to speed without throwing lots of technical jargon at them. He adds that Keene was the ideal fit due to the high number of people who accept Bitcoin in the area. Other areas in New Hampshire, which are embracing the crypto space include Portsmouth and Merrimack. Both of these places are also seeing a rise in the number of Dash payments. New Hampshire Embraces New Technology The state of New Hampshire has taken an open arms approach to cryptocurrency and the blockchain. So much so, that last June, Chris Sununu, the Governor of New Hampshire, signed a bill into law that removes digital currency traders from the state’s money transmissions laws. Receiving support from grassroots organizations, the bill has paved the way for New Hampshire to be seen as a crypto-friendly state. To also promote that New Hampshire is embracive of the space, the state-based newspaper, Monadnock Shopper, published a front-page article, last year, about Bitcoin in Keene and the businesses that accept it. These include Route 101 Local Goods, Liberty Lobby, ThinkPenguin, Keene Website Designers, and LocaCopia. Even though other countries and governments are taking a hardline - such as China and India - about cryptocurrency, states such as New Hampshire are showing that while the technology is still new there’s nothing to be afraid of. Instead of cracking down on it, why not embrace it to see where it may lead? Do you think New Hampshire is becoming the crypto state of the U.S.? Let us know in the comments below. Images courtesy of Shutterstock. The post New Hampshire Opens Arms to Bitcoin Embassy, Second in the US appeared first on Live Bitcoin News.

4 months ago

The World’s First Decentralized and Secure Proof of Location Protocol on the Blockchain

CoinSpeaker The World’s First Decentralized and Secure Proof of Location Protocol on the Blockchain Most peoples’ doubts related to cryptocurrency are based on their uncertainty of its real power. You can’t touch it, see it, or feel it in your hands, and this factor can be intimidating for new users. Platin’s development team is here to change that by making digital assets more real and accessible with the help of its brand new Proof of Location (PoL) protocol, entirely based on blockchain technology. According to the company’s whitepaper, Platin represents itself as the world’s first decentralized and secure PoL protocol, which allows its users to geo-locate a digital asset (cryptocurrencies, documents, images, etc.) anywhere on the map and anywhere in the world, in real time. The Platin system consists of an aggregate of inter-functional, inter-cooperating subsystems, which allow for leveraging of privacy preserving location credentials at an unprecedented scale. The protocol decentralizes the location services marketplace with secure location capabilities and proof verification for any digital asset fueled by Platin’s own PTNX coin, making it a secure, decentralized, and incentivized peer-to-peer location protocol available to businesses from all around the globe. The Platin protocol will help end the abstractness of digital assets like cryptocurrencies by bridging the gap between the physical and the digital worlds. By leveraging a decentralized peer-to-peer protocol for location-centered operations, Platin provides well-known blockchains (Ethereum/Solidity, EOS, and others) with its Geographic Information System (GIS) extensions. These extensions allow developers to request and define secure location proofs on the blockchain. The high level of security is reached with the help of the Platin PlexusTM. Thanks to the integration of the platform’s native token PTNX, Platin’s protocol incentivizes individuals, organizations, and large groups of people to move and interact with digital assets, as well as with each other. Through innovation, and by knowing the exact location of their assets in a physical space, users can feel more comfortable on the blockchain. The fungibility of PTNX allows it to be exchanged for other currencies; this will help to promote and encourage positive behavior amongst the platform’s participants. PTNX can function as a great incentive for the Platin ecosystem because they can be utilized as rewards, and distributed in varying amounts to participants that run Platin policies at different levels. Platin’s Many Use-Cases Being developed by a world-class team of professionals experienced in blockchain, security, mobile, and AR, Platin has the potential to transform every industry from retail to ride-sharing, and from supply chains to the disintermediation of large-scale international humanitarian relief efforts. Platin’s proof of location protocol provides the tremendous advantage of top-notch security for protecting high-value assets, as well as a level of interoperability and flexibility that allows Platin to utilize pre-existing infrastructure to achieve global coverage, ultimately enabling the platform to be used anywhere on the planet, irrespective of the area of deployment. Aside from redefining the way humanitarian aid efforts are carried out, Platin also has another important use-case in the business world. The Platin system allows businesses to leverage Platin’s incentive system for attracting customers, incorporating retailer branding, and adopting advanced marketing strategies. Cryptocurrency airdrops can be used to provide customers with access to exclusive discounts, while Platin Geo Airdrops can be used to drop branded tokens at eventful locations with lots of potential customers. This will help businesses expand their outreach and customer-base immensely. The Platin Team is Truly Global The founders are based in Israel, and their software developers are based in Tel Aviv and Kiev, which include a team of full-time employees, experts in blockchain (Ethereum, EOS), mobile (Android, iOS), full stack programming, designers, 3D modelers, Solidity developers, and more. Their Japan team leads partner relations and business development. Platin’s team partners with Sir Tim Berners Lee, the inventor of the World Wide Web who also rejects the idea of web services centralization, by working with the World Wide Web Consortium (W3C). Together, they work on codifying the creation, storage, presentation, verification, and user control of location credentials. The company will run a token sale in order to incentivize the ecosystem’s early adoption and further development. The TGE will officially launch on October 28, 2018 and last for one month. The hard cap is estimated at $18 million, and a soft cap at $3 million. The PTNX utility tokens enable secure and verifiable location proofs to be requested via Platin’s Proof of Location (PoL) protocol on the blockchain. In addition, the toke

4 months ago

Bitfarm Launches Bitcoin Mining Pool With Low Commissions

Canadian Bitcoin mining firm Bitfarms has launched its Bitcoin mining pool with decent incentives. Miners who join the new pool before November 15 will have to pay no commission for life, while other miners will have to pay just 1%. Bitfarms announced the launch of its pool in September this year. Bitfarms operates four facilities in the Canadian province of Quebec, mining bitcoin, Bitcoin Cash, ethereum, Litecoin and Dash. The company made a revenue of $22.3 million and $4.9 million profit in its first six months. In April 2018, the firm merged with an Israeli ghost company to obtain a listing on the Tel Aviv Stock Exchange, where now Trades under the ticker BLLCF.TA. (VS)

4 months ago

Top 10 Cities To Spend Your Bitcoins

As Bitcoin's popularity grew this year, more merchants have started accepting it as a form of payment. Investopedia used Coin ATM Radar and coinmap.org to compile a list of the best cities to visit around the world for spending bitcoins. The trends are very clear, with crypto-friendly countries having sensible regulations at the top. San Francisco, home to one of the largest crypto exchange, Coinbase took the top spot with 177 Bitcoin-accepting merchants and 29 Bitcoin ATMs. It was followed by Vancouver, Amsterdam, Ljubljana, and Tel Aviv. (VS)

4 months ago


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