The future of Bitcoin ETF will be decided on August 10. The SEC is currently asking for comments regarding the listing and trading of Bitcoin ETF introduced by VanEck SolidX Bitcoin Trust that will only be available to accredited investors.
This decision by the SEC will potentially open a path for trillions of dollars worth of investments and could further cement the use of cryptocurrency in the FinTech sector.
The official website of SEC states, “Comments on Cboe BZX Rulemaking” in regards with the “Notice of Filing of Proposed Rule Change to List and Trade Shares of SolidX Bitcoin Shares Issued by the VanEck SolidX Bitcoin Trust”.
According to the CEO Jan van Eck,
“We believe that collectively, we will build something that may be better than other constructs currently making their way through the regulatory process. A properly constructed, physically-backed bitcoin ETF will be designed to provide exposure to the price of bitcoin, and an insurance component will help protect shareholders against the operational risks of sourcing and holding bitcoin.”
To buy just one share would be buying the equivalent of 25 Bitcoin, many can imagine that this is only for accredited investors.
Several companies have attempted this in the past but with no notable success, due to high market volatility authorities were reluctant to allow these companies to move ahead with these plans.
If SEC does give its nod of approval for the ETFs, it would mean an indirect green light to mainstream investment in altcoins as well. This would eventually bring funds in trillions in the crypto market.
Depending on if the SEC will give approval of this, this could give a clear go-ahead to mainstream investments, this could, in turn, bring a surge of activity to the crypto markets and turn the bear back into a bull.
This decision by the SEC will potentially open a path for trillions of dollars worth of investments and could further cement the use of cryptocurrency in the FinTech sector.
The official website of SEC states, “Comments on Cboe BZX Rulemaking” in regards with the “Notice of Filing of Proposed Rule Change to List and Trade Shares of SolidX Bitcoin Shares Issued by the VanEck SolidX Bitcoin Trust”.
According to the CEO Jan van Eck,
“We believe that collectively, we will build something that may be better than other constructs currently making their way through the regulatory process. A properly constructed, physically-backed bitcoin ETF will be designed to provide exposure to the price of bitcoin, and an insurance component will help protect shareholders against the operational risks of sourcing and holding bitcoin.”
To buy just one share would be buying the equivalent of 25 Bitcoin, many can imagine that this is only for accredited investors.
Several companies have attempted this in the past but with no notable success, due to high market volatility authorities were reluctant to allow these companies to move ahead with these plans.
If SEC does give its nod of approval for the ETFs, it would mean an indirect green light to mainstream investment in altcoins as well. This would eventually bring funds in trillions in the crypto market.
Depending on if the SEC will give approval of this, this could give a clear go-ahead to mainstream investments, this could, in turn, bring a surge of activity to the crypto markets and turn the bear back into a bull.
Ethereum’s Joe Lubin: ‘We’re Moving Towards a World of Decentralized Governance’
Leading crypto industry figures weighed in on the major implications of cryptocurrencies for - and beyond - the global economy, at the Rise conference in Hong Kong Wednesday, July 11.
The panel’s participants were the Ethereum Foundation’s co-founder Joseph Lubin, CEO of crypto merchant bank Galaxy Digital Mike Novgoratz, Crypto.com CEO Kris Marszalek, Tenx’s Julian Hosp, and Wall Street Journal columnist Jacky Wong.
First tackling the popular question of whether crypto can replace fiat, Mike Novogratz argued against the idea, saying that neither Bitcoin (BTC) nor Ethereum (ETH) are positioned in the short-term to do so. Both of them represent “system change,” he said, rather than a substitute for cash.
Bitcoin is likely to remain a “store of value,” or “digital gold,” he suggested, with Ethereum serving as a form of “crypto-fuel” for decentralized ecosystems.
Lubin agreed with this characterization, considering that Ether will be “just one of many crypto-commodities in an information ecosystem”:
“We’re moving into a qualitative shift in the nature of money...towards a world of ‘global villages’ where you can have decentralized governance, you can define goals for your ecosystem, mechanisms by which you achieve those goals, and raise money through your own cryptocurrency or value token within these networks.”
Leading crypto industry figures weighed in on the major implications of cryptocurrencies for - and beyond - the global economy, at the Rise conference in Hong Kong Wednesday, July 11.
The panel’s participants were the Ethereum Foundation’s co-founder Joseph Lubin, CEO of crypto merchant bank Galaxy Digital Mike Novgoratz, Crypto.com CEO Kris Marszalek, Tenx’s Julian Hosp, and Wall Street Journal columnist Jacky Wong.
First tackling the popular question of whether crypto can replace fiat, Mike Novogratz argued against the idea, saying that neither Bitcoin (BTC) nor Ethereum (ETH) are positioned in the short-term to do so. Both of them represent “system change,” he said, rather than a substitute for cash.
Bitcoin is likely to remain a “store of value,” or “digital gold,” he suggested, with Ethereum serving as a form of “crypto-fuel” for decentralized ecosystems.
Lubin agreed with this characterization, considering that Ether will be “just one of many crypto-commodities in an information ecosystem”:
“We’re moving into a qualitative shift in the nature of money...towards a world of ‘global villages’ where you can have decentralized governance, you can define goals for your ecosystem, mechanisms by which you achieve those goals, and raise money through your own cryptocurrency or value token within these networks.”
⚽️ Up-to-date: Ronaldinho created his own crypto currency
Soon, the world will be able to buy Ronaldinho Soccer Coin. Legendary football player Ronaldinho decided to keep up with world trends and invested in the creation of his own cryptocurrency. The new currency from the ex-football player will be called Ronaldinho Soccer Coin, created on the platform Neo, and you can buy it anywhere in the world.
Soon, the world will be able to buy Ronaldinho Soccer Coin. Legendary football player Ronaldinho decided to keep up with world trends and invested in the creation of his own cryptocurrency. The new currency from the ex-football player will be called Ronaldinho Soccer Coin, created on the platform Neo, and you can buy it anywhere in the world.
The co-founder of TenX is "quite confident" in bitcoin's ability to reach $ 60,000 by the end of the year
Co-founder and president of the TenX crypto-cash start-up Julian Hospp is still "quite confident" that bitcoin could reach $ 60,000 in 2018. This was stated in a conversation with CNBC at the Rise conference in Hong Kong. According to Hosp, he adheres to his forecast for 2018, which he announced in December. "In December, the price was at a historical maximum around $ 20,000. I forecast that in 2018 it will be at levels of $ 5,000 and $ 60,000. Up to $ 5,000 we have almost reached, now let's see if we can rise to $ 60,000. I I'm still sure of it, "he said.
Co-founder and president of the TenX crypto-cash start-up Julian Hospp is still "quite confident" that bitcoin could reach $ 60,000 in 2018. This was stated in a conversation with CNBC at the Rise conference in Hong Kong. According to Hosp, he adheres to his forecast for 2018, which he announced in December. "In December, the price was at a historical maximum around $ 20,000. I forecast that in 2018 it will be at levels of $ 5,000 and $ 60,000. Up to $ 5,000 we have almost reached, now let's see if we can rise to $ 60,000. I I'm still sure of it, "he said.
👴 HitBTC Exchange will be brought to court with the help of McAfee
John McAfee said that he is going to sue the bitcoin-exchange HitBTC. Back in June, McAfee launched a campaign against HitBTC. He accuses the exchange of excessive fees for the withdrawal of the Docademic crypto currency (MTC).
While the project allows users to take advantage of free medical services, according to McAfee, the exchange has done nothing to access users to "the only free medical care in the world."
John claimed that the HitBTC administration did not respond to his requests, although the exchange posted a post on Twitter, explaining that the high commission for the withdrawal of this crypto currency is explained by the Ethereum network commission.
McAfee promised to donate $ 20 million to lawyers for a lawsuit against HitBTC. This, he said, will bring down the whole business.
John McAfee said that he is going to sue the bitcoin-exchange HitBTC. Back in June, McAfee launched a campaign against HitBTC. He accuses the exchange of excessive fees for the withdrawal of the Docademic crypto currency (MTC).
While the project allows users to take advantage of free medical services, according to McAfee, the exchange has done nothing to access users to "the only free medical care in the world."
John claimed that the HitBTC administration did not respond to his requests, although the exchange posted a post on Twitter, explaining that the high commission for the withdrawal of this crypto currency is explained by the Ethereum network commission.
McAfee promised to donate $ 20 million to lawyers for a lawsuit against HitBTC. This, he said, will bring down the whole business.
Orvium - Open and Transparent Science Powered By Blockchain
It is time to get involved and get the control back of the human knowledge.
Orvium is more than another startup — you are about to participate in a project driven by top engineers and scientists with many years of experience driving innovation at CERN, the birthplace of the Web, and NASA.
Orvium aims to disrupt one of the most lucrative industry world-wide, with profit margins reported to exceed those of companies such as Google, Amazon, and Apple, while making science more transparent, universal and open than ever. Orvium creates a unique decentralized platform powered by blockchain, decentralized storage, big data and artificial intelligence to create an unprecedented decentralized solution to process, validate, disseminate and preserve scientific knowledge forever.
We want you to be part of our future: Our TGE offers you the unique opportunity to buy ORVIUM tokens and join an excellent team. With your participation, we are going to scale science and become the leading publication platform while returning the benefits of science to society. The Web was originally designed to meet the demand for transparent and automatic information sharing between scientists around the world, lets do it now and for all.
Early-birds will be rewarded with a 10% bonus during our pre-sale.
Join us and be part of this exciting journey:
https://t.me/orvium
https://orvium.io
It is time to get involved and get the control back of the human knowledge.
Orvium is more than another startup — you are about to participate in a project driven by top engineers and scientists with many years of experience driving innovation at CERN, the birthplace of the Web, and NASA.
Orvium aims to disrupt one of the most lucrative industry world-wide, with profit margins reported to exceed those of companies such as Google, Amazon, and Apple, while making science more transparent, universal and open than ever. Orvium creates a unique decentralized platform powered by blockchain, decentralized storage, big data and artificial intelligence to create an unprecedented decentralized solution to process, validate, disseminate and preserve scientific knowledge forever.
We want you to be part of our future: Our TGE offers you the unique opportunity to buy ORVIUM tokens and join an excellent team. With your participation, we are going to scale science and become the leading publication platform while returning the benefits of science to society. The Web was originally designed to meet the demand for transparent and automatic information sharing between scientists around the world, lets do it now and for all.
Early-birds will be rewarded with a 10% bonus during our pre-sale.
Join us and be part of this exciting journey:
https://t.me/orvium
https://orvium.io
Telegram
Orvium
Public group of the Orvium Project orvium.io
Opera becomes the first major browser to debut a built-in cryptocurrency wallet
In a new press release, Opera has confirmed that a new version of its Opera Browser for Android will introduce a built-in cryptocurrency wallet that will support Ethereum’s Web3 API.
The news is significant for the fact that the wallet would touch hands with an estimated 250 million users, with over one hundred million consumers in Africa alone. It is presently estimated that the browser enjoys a 3.5% usage share of all browsers globally, and more specifically claims a 4.55% usage share for all mobile web browsers globally.
In a statement to the press, product manager Charles Hamel noted that Opera’s “hope is that this will accelerate the transition of cryptocurrencies from speculation and investment to being used for actual payments and transactions in our users’ daily lives.” Hamel went on to add that “we believe the web of today will be the interface to the decentralized web of tomorrow…By becoming the first major browser to open up to Web 3.0, we would like to contribute to making the internet of the future more accessible.” The presence of the wallet will enable millions of mobile internet consumers to receive and issue cryptocurrency payments without the need to download an additional wallet or application.
The advent is not the first occasion in which Opera has dipped its toes into cryptocurrency. Earlier this year, Opera moved to add cryptocurrency mining protection as a standard feature across all its mobile browsing platforms.
The firm’s anti-cryptocurrency mining feature is now activated by default on both Opera Mini and Opera for Android, giving its users some piece of mind while browsing the web.
In a new press release, Opera has confirmed that a new version of its Opera Browser for Android will introduce a built-in cryptocurrency wallet that will support Ethereum’s Web3 API.
The news is significant for the fact that the wallet would touch hands with an estimated 250 million users, with over one hundred million consumers in Africa alone. It is presently estimated that the browser enjoys a 3.5% usage share of all browsers globally, and more specifically claims a 4.55% usage share for all mobile web browsers globally.
In a statement to the press, product manager Charles Hamel noted that Opera’s “hope is that this will accelerate the transition of cryptocurrencies from speculation and investment to being used for actual payments and transactions in our users’ daily lives.” Hamel went on to add that “we believe the web of today will be the interface to the decentralized web of tomorrow…By becoming the first major browser to open up to Web 3.0, we would like to contribute to making the internet of the future more accessible.” The presence of the wallet will enable millions of mobile internet consumers to receive and issue cryptocurrency payments without the need to download an additional wallet or application.
The advent is not the first occasion in which Opera has dipped its toes into cryptocurrency. Earlier this year, Opera moved to add cryptocurrency mining protection as a standard feature across all its mobile browsing platforms.
The firm’s anti-cryptocurrency mining feature is now activated by default on both Opera Mini and Opera for Android, giving its users some piece of mind while browsing the web.
Stellar Lumens is known for its modesty. Low but loud, the coin has launched and built several projects on its network. On 12th July, Stellar Lumens announced that the cryptocurrency payment network ‘Tempo’ is creating the biggest payment network of any authorized cryptocurrency exchange internationally. Stellar Decentralised Exchange also known as Stellar DEX, is used by Tempo. The payment network operated on Stellar DEX is backed by Stellar’s Network.
Using Stellar network one can build mobile wallets, banking tools, smart devices, and more technical payment techniques. Despite Stellar being a complex distributed system, its integration is not recorded to be complicated. Tempo simplifies the exchange process from cryptocurrency to fiat and is currently creating the largest payment network in the world. Tempo brings ease to cryptocurrency trading by facilitating the process on its online platform and mobile application.
Due to Tempo’s portable application and overall installment network, fiat proprietors can evade Bitcoin ATMs and their extensive fee. Tempo uses the Stellar Network, an open-source distributed ledger for facilitating P2P payments, and Lightyear.io, a for-profit spinoff dedicated to helping big players integrate software.
Stellar DEX stores the order book and settles transactions on-ledger, and has matchmaking built into the protocol. The network and exchange can be used for various projects related to their technology and cryptocurrencies. As per the discussion on Reddit regarding Tempo and Stellar DEX, a few Redditors had some points to convey.
Using Stellar network one can build mobile wallets, banking tools, smart devices, and more technical payment techniques. Despite Stellar being a complex distributed system, its integration is not recorded to be complicated. Tempo simplifies the exchange process from cryptocurrency to fiat and is currently creating the largest payment network in the world. Tempo brings ease to cryptocurrency trading by facilitating the process on its online platform and mobile application.
Due to Tempo’s portable application and overall installment network, fiat proprietors can evade Bitcoin ATMs and their extensive fee. Tempo uses the Stellar Network, an open-source distributed ledger for facilitating P2P payments, and Lightyear.io, a for-profit spinoff dedicated to helping big players integrate software.
Stellar DEX stores the order book and settles transactions on-ledger, and has matchmaking built into the protocol. The network and exchange can be used for various projects related to their technology and cryptocurrencies. As per the discussion on Reddit regarding Tempo and Stellar DEX, a few Redditors had some points to convey.
🔥 Most ICOs meet an early death, but people don’t seem to care
According to the study, about 56 percent of firms with ICOs do not survive the first 120 days after they raise funds by selling tokens. The study analyzed tweet intensity from the firms they study to find signs of life in the start-ups. Only 44.2 percent of these companies were able to maintain their momentum for more than 120 days. This shows really grave issues for the cryptocurrency industry as investors’ money could be at risk.
Leonard Kostovetsky, one of the researchers who examined the 2,390 ICOs completed before May, implied that a good investment strategy for investors would be to acquire coins in an ICO and sell them on the first day itself.
🔥 Is It the Official Death of the ICO Industry?
No. ICOs are providing an easier and cheaper fundraising method to several companies around the world. The problem is that returns tend to decline over time. Moreover, a larger number of people are jumping into ICO investments. Kostovetsky said that returns have been falling by four percentage points each month.
He noted that people often look at returns, thinking that an ICO is a good deal. What they fail to accept is a fundamental point of finance that says that return is a compensation for risk. The returns on these platforms are great, but he added that people are investing in projects that have not even been built yet or have no participants.
According to the study, about 56 percent of firms with ICOs do not survive the first 120 days after they raise funds by selling tokens. The study analyzed tweet intensity from the firms they study to find signs of life in the start-ups. Only 44.2 percent of these companies were able to maintain their momentum for more than 120 days. This shows really grave issues for the cryptocurrency industry as investors’ money could be at risk.
Leonard Kostovetsky, one of the researchers who examined the 2,390 ICOs completed before May, implied that a good investment strategy for investors would be to acquire coins in an ICO and sell them on the first day itself.
🔥 Is It the Official Death of the ICO Industry?
No. ICOs are providing an easier and cheaper fundraising method to several companies around the world. The problem is that returns tend to decline over time. Moreover, a larger number of people are jumping into ICO investments. Kostovetsky said that returns have been falling by four percentage points each month.
He noted that people often look at returns, thinking that an ICO is a good deal. What they fail to accept is a fundamental point of finance that says that return is a compensation for risk. The returns on these platforms are great, but he added that people are investing in projects that have not even been built yet or have no participants.
KYC has created a thriving black market for fake IDs
Buying fake ID is a rite of passage for teenagers desiring to be sold alcohol. But a new market for fake ID has sprung up on the web, whose buyers crave nothing more illicit than admittance to the latest crowdsale. Know Your Customer (KYC) requirements, which are now widespread, were designed to screen out US and Chinese investors, and to dispel the notion that ICOs are unregulated. But rather than bolstering the industry’s reputation, they’ve created an unholy mess.
Dedicated Telegram channels specialize in the buying and selling of fake IDs, complete with all the tools an investor needs to pass crowdsale KYC: passport scan, selfie, scanned bank statement; the works. Usually sourced from Russia, these can be bought for as little $50 – and it’s not just Americans and Chinese who are buying them. Investors who reside in countries that permit ICOs have also been snapping up fake IDs as a means of protecting their own identity.
With 80% of this year’s ICOs trading below their public sale price, investing in crowdsales is a risky businesses. Throw in mandatory KYC, and those risks are significantly heightened. A number of projects have been compromised through the hacking of the third party handling their KYC, while others have had their mailing list leaked. In each instance, investors have been susceptible to being doxxed, and there have been reports of blackmail.
Once hackers have obtained the email addresses of investors, they will either attempt to socially engineer them; sell the addresses on the black market; or claim to have filmed the victim watching online porn, threatening to send the video to their friends and family if they don’t pay a ransom. Given these hazards, purchasing a fake ID to pass KYC seems like the lesser of two evils. Tezos forcing KYC on its community one year after they’d invested, essentially holding their tokens to ransom, has further fueled the demand for fake IDs.
Buying fake ID is a rite of passage for teenagers desiring to be sold alcohol. But a new market for fake ID has sprung up on the web, whose buyers crave nothing more illicit than admittance to the latest crowdsale. Know Your Customer (KYC) requirements, which are now widespread, were designed to screen out US and Chinese investors, and to dispel the notion that ICOs are unregulated. But rather than bolstering the industry’s reputation, they’ve created an unholy mess.
Dedicated Telegram channels specialize in the buying and selling of fake IDs, complete with all the tools an investor needs to pass crowdsale KYC: passport scan, selfie, scanned bank statement; the works. Usually sourced from Russia, these can be bought for as little $50 – and it’s not just Americans and Chinese who are buying them. Investors who reside in countries that permit ICOs have also been snapping up fake IDs as a means of protecting their own identity.
With 80% of this year’s ICOs trading below their public sale price, investing in crowdsales is a risky businesses. Throw in mandatory KYC, and those risks are significantly heightened. A number of projects have been compromised through the hacking of the third party handling their KYC, while others have had their mailing list leaked. In each instance, investors have been susceptible to being doxxed, and there have been reports of blackmail.
Once hackers have obtained the email addresses of investors, they will either attempt to socially engineer them; sell the addresses on the black market; or claim to have filmed the victim watching online porn, threatening to send the video to their friends and family if they don’t pay a ransom. Given these hazards, purchasing a fake ID to pass KYC seems like the lesser of two evils. Tezos forcing KYC on its community one year after they’d invested, essentially holding their tokens to ransom, has further fueled the demand for fake IDs.
CRYPTOCARZ IS THE WORLD'S FIRST BLOCKCHAIN-ENABLED VR RACING EXPERIENCE
CRYPTOCARZ IS A MULTIPLAYER, VIRTUAL REALITY (VR)-ENABLED RACING EXPERIENCE, DEVELOPED USING THE ETHEREUM BLOCKCHAIN.
To play, users will have to load the car assets into the game from an Ethereum wallet, where they are stored as an ERC721 token. The ERC721 token has paved the way for a new class of digital assets called non-fungible tokens (NFTs). These allow users to own, customise and maintain control in the
same way as in the physical world.
Blockchain Studios contends that this new asset class opens up new opportunities for user engagement and ownership. We believe that the first wave of innovation will come from gaming. CryptoCarz is the first platform to bring together blockchain, VR and gaming technologies. By giving gamers new options to visualise, own, adapt and race their own car, we think a new era in gaming has arrived.
WE BELIEVE GAMING IT WILL BE TRANSFORMED BY THE RISE – AND INTEGRATION – OF THREE TECHNOLOGIES: BLOCKCHAIN, E-SPORTS AND VR.
Each of them, independently, represents a paradigm shift for game development and consumption. Their attributes will make technology more individual, inclusive and immersive. The combination of these technologies will give rise to new scenarios, where gamers can own, modify, trade and play in an unprecedented way
THE CONCEPT
Cars, gaming and cryptocurrency are shared passions at Blockchain Studios, so combining them was a natural choice when we started working on CryptoCarz. We see strong synergies between the cryptocurrency community and gamers and we believe there is a market for a game that blends racing, cryptocurrency and blockchain technology. CryptoCarz is a multiplayer, fully immersive, VR-enabled racing experience, powered by the Ethereum blockchain. To race in the game, a user will have to demonstrate ownership of a car that is modelled and stored as an ERC721 Ethereum token in the gamer’s private wallet. The car will then be loaded into the game via integration with MetaMask and other proprietary tools
The game will initially offer 20 car models representative of the top cryptocurrencies. Each model will have a maximum of 650 units, hard-coded and numerically defined in the smart contract.No further cars in these models will be produced in the future.
Links:
Telegram Group: https://t.me/cryptocarz
Website: www.cryptocarz.io
Whitepaper: https://www.cryptocarz.io/docs/CryptoCarz_WP.pdf
One pager: https://www.cryptocarz.io/docs/CryptoCarz_1P.pdf
Twitter: https://twitter.com/cryptocarz
Medium blog: https://medium.com/@cryptocarz
CRYPTOCARZ IS A MULTIPLAYER, VIRTUAL REALITY (VR)-ENABLED RACING EXPERIENCE, DEVELOPED USING THE ETHEREUM BLOCKCHAIN.
To play, users will have to load the car assets into the game from an Ethereum wallet, where they are stored as an ERC721 token. The ERC721 token has paved the way for a new class of digital assets called non-fungible tokens (NFTs). These allow users to own, customise and maintain control in the
same way as in the physical world.
Blockchain Studios contends that this new asset class opens up new opportunities for user engagement and ownership. We believe that the first wave of innovation will come from gaming. CryptoCarz is the first platform to bring together blockchain, VR and gaming technologies. By giving gamers new options to visualise, own, adapt and race their own car, we think a new era in gaming has arrived.
WE BELIEVE GAMING IT WILL BE TRANSFORMED BY THE RISE – AND INTEGRATION – OF THREE TECHNOLOGIES: BLOCKCHAIN, E-SPORTS AND VR.
Each of them, independently, represents a paradigm shift for game development and consumption. Their attributes will make technology more individual, inclusive and immersive. The combination of these technologies will give rise to new scenarios, where gamers can own, modify, trade and play in an unprecedented way
THE CONCEPT
Cars, gaming and cryptocurrency are shared passions at Blockchain Studios, so combining them was a natural choice when we started working on CryptoCarz. We see strong synergies between the cryptocurrency community and gamers and we believe there is a market for a game that blends racing, cryptocurrency and blockchain technology. CryptoCarz is a multiplayer, fully immersive, VR-enabled racing experience, powered by the Ethereum blockchain. To race in the game, a user will have to demonstrate ownership of a car that is modelled and stored as an ERC721 Ethereum token in the gamer’s private wallet. The car will then be loaded into the game via integration with MetaMask and other proprietary tools
The game will initially offer 20 car models representative of the top cryptocurrencies. Each model will have a maximum of 650 units, hard-coded and numerically defined in the smart contract.No further cars in these models will be produced in the future.
Links:
Telegram Group: https://t.me/cryptocarz
Website: www.cryptocarz.io
Whitepaper: https://www.cryptocarz.io/docs/CryptoCarz_WP.pdf
One pager: https://www.cryptocarz.io/docs/CryptoCarz_1P.pdf
Twitter: https://twitter.com/cryptocarz
Medium blog: https://medium.com/@cryptocarz
Tether hired a former head of anti-money laundering Canadian Bank
Terher Ltd. Leonardo Real, the former head of control over money laundering of one of the largest banks in Canada, took over the position of the legal compliance officer. Real himself says that he is happy to participate in the formation of this company and be in the space of the blockade and cryptocurrency. "We are very pleased to introduce Leonardo as the director of regulatory compliance, he joined us on the road to transforming the obsolete financial system," - CEO Teter Jean-Louis van der Velde.
Terher Ltd. Leonardo Real, the former head of control over money laundering of one of the largest banks in Canada, took over the position of the legal compliance officer. Real himself says that he is happy to participate in the formation of this company and be in the space of the blockade and cryptocurrency. "We are very pleased to introduce Leonardo as the director of regulatory compliance, he joined us on the road to transforming the obsolete financial system," - CEO Teter Jean-Louis van der Velde.
OKCoin exchange launches fiat-to-crypto trading
Сryptocurrency exchange OKCoin has launched a branch in the U.S. market offering trading services between U.S. dollars and several major cryptocurrencies. According to OKCoin's website on Friday, the exchange has already launched the new offering and is now accepting U.S. dollars deposits and withdrawals, as well as trading against bitcoin, bitcoin cash, litecoin, ethereum and ethereum classic.
For the new offshoot, the company filed a money service business (MSB) registration with the U.S. Financial Crimes Enforcement Network (FinCEN) in November 2017. The document shows that the legal entity behind the exchange is called OKCoin USA Inc. and is based in Mountain View, California. However, OKCoin states on its website that the fiat-to-crypto trading service is currently limited to investors in California – a limitation indicated in the initial MSB filing.
The news follows a report weeks ago revealing a similar move by Huobi, which launched a purely crypto-to-crypto trading service this month for all 50 states in the U.S. through a partner entity dubbed HBUS. Earlier this year, HBUS also filed an MSB registration with FinCEN. However, Li Lin, co-founder and chief executive of Huobi, noted at the time that registering with FinCEN does not resolve all of the possible regulatory issues that come with operating within the U.S. As previously reported by CoinDesk, both OKCoin and Huobi were once two of the three major crypto exchanges in China before the notable trading ban issued by the People's Bank of China in September 2017.
Following the regulatory clampdown, the exchanges shifted their businesses overseas with a focus largely on crypto-to-crypto trading.
Сryptocurrency exchange OKCoin has launched a branch in the U.S. market offering trading services between U.S. dollars and several major cryptocurrencies. According to OKCoin's website on Friday, the exchange has already launched the new offering and is now accepting U.S. dollars deposits and withdrawals, as well as trading against bitcoin, bitcoin cash, litecoin, ethereum and ethereum classic.
For the new offshoot, the company filed a money service business (MSB) registration with the U.S. Financial Crimes Enforcement Network (FinCEN) in November 2017. The document shows that the legal entity behind the exchange is called OKCoin USA Inc. and is based in Mountain View, California. However, OKCoin states on its website that the fiat-to-crypto trading service is currently limited to investors in California – a limitation indicated in the initial MSB filing.
The news follows a report weeks ago revealing a similar move by Huobi, which launched a purely crypto-to-crypto trading service this month for all 50 states in the U.S. through a partner entity dubbed HBUS. Earlier this year, HBUS also filed an MSB registration with FinCEN. However, Li Lin, co-founder and chief executive of Huobi, noted at the time that registering with FinCEN does not resolve all of the possible regulatory issues that come with operating within the U.S. As previously reported by CoinDesk, both OKCoin and Huobi were once two of the three major crypto exchanges in China before the notable trading ban issued by the People's Bank of China in September 2017.
Following the regulatory clampdown, the exchanges shifted their businesses overseas with a focus largely on crypto-to-crypto trading.
Charlie Lee shares big adoption dreams for Litecoin
In an interview with Cheddar, Charlie Lee, the Founder and Managing Director of Litecoin has opened up on his future plans for the cryptocurrency. The discussion covered Litecoin’s recent partnership with TokenPay, its stake purchase in WEG Bank, Robinhood listing Litecoin, and its adoption by other merchants and exchanges. The scientist started by answering the question of ‘how the partnership between Litecoin and TokenPay makes sense’. Charlie explained that the Litecoin Foundation was facing many difficulties in claiming a bank account. In order to resolve this, he mentioned that purchasing stakes in a bank will enable him to “work the bank from the inside”.
Charlie has also set a vision for Litecoin’s adoption in the banking sector. He wants to integrate cryptocurrency related activities with banks, such as introducing Litecoin Debit Cards, merchant solutions and the establishment of both fiat and cryptocurrency accounts for bank customers. During the discussion, a concern regarding the banks’ reluctance to adopt cryptocurrencies was raised. At this, the cryptocurrency innovator stated that he has not interacted with a lot of banks regarding partnerships since most banks are conservative. Additionally, he said that he will be happy to get involved in cases of emerging interest for cryptocurrency in the banking sector.
The partnership between Litecoin and TokenPay is believed to help TokenPay with Litecoin’s high-level blockchain capabilities. Charlie explained how Litecoin can assist TokenPay in defeating blockchain-related limitations and that one of the solutions is to establish TokenPay on the Lightning Network. He will also be working on the development of TokenPay’s decentralized exchange, by guiding the development team.
According to Charlie, it is a fruitful strategic partnership where both the parties can provide each other with the best of what they possess. Shifting to Litecoin’s price drop by ‘nearly 30% in the course of last month’, Charlie Lee clarified that the prices will not affect the adoption of his coin in the short-run. However, in his opinion, Litecoin is performing well in the long-term and that the prices will soon regain health. He further explains that the focal point of Litecoin’s success appears to be the widespread adoption of the cryptocurrency. Just like Robinhood, an increasing number of merchants and exchanges accepting and adding Litecoin to their base has been recorded.
Charlie was also asked about the important elements required for Litecoin to gain more momentum. The interviewers also mentioned that the millennial user-base of Robinhood exchange has an abundant interest in this space but lacks the knowledge. On this, Charlie Lee displayed positivity and shared his view that the youth makes a great market for his coin. He aspires to bring an extreme ease of trade in Litecoin by making it available on as many exchange platforms as possible.
In an interview with Cheddar, Charlie Lee, the Founder and Managing Director of Litecoin has opened up on his future plans for the cryptocurrency. The discussion covered Litecoin’s recent partnership with TokenPay, its stake purchase in WEG Bank, Robinhood listing Litecoin, and its adoption by other merchants and exchanges. The scientist started by answering the question of ‘how the partnership between Litecoin and TokenPay makes sense’. Charlie explained that the Litecoin Foundation was facing many difficulties in claiming a bank account. In order to resolve this, he mentioned that purchasing stakes in a bank will enable him to “work the bank from the inside”.
Charlie has also set a vision for Litecoin’s adoption in the banking sector. He wants to integrate cryptocurrency related activities with banks, such as introducing Litecoin Debit Cards, merchant solutions and the establishment of both fiat and cryptocurrency accounts for bank customers. During the discussion, a concern regarding the banks’ reluctance to adopt cryptocurrencies was raised. At this, the cryptocurrency innovator stated that he has not interacted with a lot of banks regarding partnerships since most banks are conservative. Additionally, he said that he will be happy to get involved in cases of emerging interest for cryptocurrency in the banking sector.
The partnership between Litecoin and TokenPay is believed to help TokenPay with Litecoin’s high-level blockchain capabilities. Charlie explained how Litecoin can assist TokenPay in defeating blockchain-related limitations and that one of the solutions is to establish TokenPay on the Lightning Network. He will also be working on the development of TokenPay’s decentralized exchange, by guiding the development team.
According to Charlie, it is a fruitful strategic partnership where both the parties can provide each other with the best of what they possess. Shifting to Litecoin’s price drop by ‘nearly 30% in the course of last month’, Charlie Lee clarified that the prices will not affect the adoption of his coin in the short-run. However, in his opinion, Litecoin is performing well in the long-term and that the prices will soon regain health. He further explains that the focal point of Litecoin’s success appears to be the widespread adoption of the cryptocurrency. Just like Robinhood, an increasing number of merchants and exchanges accepting and adding Litecoin to their base has been recorded.
Charlie was also asked about the important elements required for Litecoin to gain more momentum. The interviewers also mentioned that the millennial user-base of Robinhood exchange has an abundant interest in this space but lacks the knowledge. On this, Charlie Lee displayed positivity and shared his view that the youth makes a great market for his coin. He aspires to bring an extreme ease of trade in Litecoin by making it available on as many exchange platforms as possible.
Cryptocurrency miners can benefit from special electricity rates
US cryptocurrency miners will now be able to benefit from a special price for electricity. A New York-based utility provider received approval from financial regulators.
This decision could significantly attract a larger number of cryptocurrency miners who intend to take advantage of cheaper sources of electricity in New York. According to Commission Chairman John Rhodes, the new legislative amendment is a method of balance in the sense of ensuring the legitimate payment of electricity bills as well as attracting new companies in the region.
Under the new law, in order to benefit from a special rate, customers will need to use over 300 kilowatt-hours. The special contracts will be reviewed by Massena’s main utility provider and must “protect existing customers from increased supply costs resulting from the new service.”
As previously reported by Coindoo, Massena could host the largest Bitcoin mining center in the world after Coinmint announced it will make an investment worth $ 700 million in a mining facility based in the city and create 150 new jobs.
“The thought of 150 jobs and revitalization of the Alcoa East Facility is exciting,” claimed Steve O’Shaughnessy, Massena town supervisor. “We are ready to provide any assistance we can to move this project to its full potential.”
The fact that miners now have a special rate for electricity consumption will definitely attract more businesses in town, while the existing ones will feel free to record higher consumption.
US cryptocurrency miners will now be able to benefit from a special price for electricity. A New York-based utility provider received approval from financial regulators.
This decision could significantly attract a larger number of cryptocurrency miners who intend to take advantage of cheaper sources of electricity in New York. According to Commission Chairman John Rhodes, the new legislative amendment is a method of balance in the sense of ensuring the legitimate payment of electricity bills as well as attracting new companies in the region.
Under the new law, in order to benefit from a special rate, customers will need to use over 300 kilowatt-hours. The special contracts will be reviewed by Massena’s main utility provider and must “protect existing customers from increased supply costs resulting from the new service.”
As previously reported by Coindoo, Massena could host the largest Bitcoin mining center in the world after Coinmint announced it will make an investment worth $ 700 million in a mining facility based in the city and create 150 new jobs.
“The thought of 150 jobs and revitalization of the Alcoa East Facility is exciting,” claimed Steve O’Shaughnessy, Massena town supervisor. “We are ready to provide any assistance we can to move this project to its full potential.”
The fact that miners now have a special rate for electricity consumption will definitely attract more businesses in town, while the existing ones will feel free to record higher consumption.
Shanghai Stock Exchange examines the use of DLT
The Shanghai Stock Exchange (SSE), one of the world's largest stock exchanges for market capitalization, insists on using distributed registry technology (DLT) in the securities market. SSE published a research paper on Tuesday analyzing the use of DLTs at various stages of transactions, such as trader registration, issuance and trading of securities, and post-trade settlement. Further, the stock exchange summarized some of the key benefits of implementing DLT in China's financial infrastructure, such as improving the efficiency of settlements by replacing the current T + 1 model, in which the transaction can be resolved only one business day after the order is completed.
Being the fourth largest stock exchange in the world by market capitalization at the level of 5.12 trillion in trade volume, As of December 2017, SSE is a non-profit organization directly managed by a government agency, namely the China Securities Regulatory Commission. However, the study document suggested that the potential deployment of DLT on the Chinese stock exchange may still face a number of regulatory obstacles, as this conflicts with the existing centralized system of registration and settlement. For example, SSE currently uses a third-party intermediary to store and resolve transactions used in trading. The use of the DLT could essentially replace this system and for this, a new legal framework, issued by regulating authorities and central government bodies, is needed on the market.
The Shanghai Stock Exchange (SSE), one of the world's largest stock exchanges for market capitalization, insists on using distributed registry technology (DLT) in the securities market. SSE published a research paper on Tuesday analyzing the use of DLTs at various stages of transactions, such as trader registration, issuance and trading of securities, and post-trade settlement. Further, the stock exchange summarized some of the key benefits of implementing DLT in China's financial infrastructure, such as improving the efficiency of settlements by replacing the current T + 1 model, in which the transaction can be resolved only one business day after the order is completed.
Being the fourth largest stock exchange in the world by market capitalization at the level of 5.12 trillion in trade volume, As of December 2017, SSE is a non-profit organization directly managed by a government agency, namely the China Securities Regulatory Commission. However, the study document suggested that the potential deployment of DLT on the Chinese stock exchange may still face a number of regulatory obstacles, as this conflicts with the existing centralized system of registration and settlement. For example, SSE currently uses a third-party intermediary to store and resolve transactions used in trading. The use of the DLT could essentially replace this system and for this, a new legal framework, issued by regulating authorities and central government bodies, is needed on the market.
Cryptocurrencies will take center stage once again on Capitol Hill next week
The U.S. House of Representatives Financial Services Committee announced Thursday that it would host a hearing titled "The Future of Money: Digital Currency" on Wednesday, July 18.
Though the Committee, headed by Chairman Jeb Hensarling, has yet to announce a full list of participating witnesses, CoinDesk confirmed that the event will be livestreamed on its website.
Past hearings by the Committee have seen lawmakers discuss cryptocurrencies through the lenses of terrorism financing and fraudulent investments, as previously reported by CoinDesk.
That being said, it seems the topic of next week's hearing is more geared towards debating the utility of cryptocurrencies as a form of money.
It is a timely topic in light of an increasing interest in cryptocurrencies as a potentially useful monetary tool for governments and more specifically, central banks, around the world. In March, the Bank of International Settlements, what some consider as the central bank to central banks, argued cryptocurrencies backed by central banks could in fact fuel faster bank runs during periods of financial instability.
Other countries including Canada, Finland and South Korea have weighed in on the matter, though responses have been mixed with trepidation.
The U.S. House of Representatives Financial Services Committee announced Thursday that it would host a hearing titled "The Future of Money: Digital Currency" on Wednesday, July 18.
Though the Committee, headed by Chairman Jeb Hensarling, has yet to announce a full list of participating witnesses, CoinDesk confirmed that the event will be livestreamed on its website.
Past hearings by the Committee have seen lawmakers discuss cryptocurrencies through the lenses of terrorism financing and fraudulent investments, as previously reported by CoinDesk.
That being said, it seems the topic of next week's hearing is more geared towards debating the utility of cryptocurrencies as a form of money.
It is a timely topic in light of an increasing interest in cryptocurrencies as a potentially useful monetary tool for governments and more specifically, central banks, around the world. In March, the Bank of International Settlements, what some consider as the central bank to central banks, argued cryptocurrencies backed by central banks could in fact fuel faster bank runs during periods of financial instability.
Other countries including Canada, Finland and South Korea have weighed in on the matter, though responses have been mixed with trepidation.
Codex Protocol is a decentralized title registry for the $2 Trillion Art & Collectibles asset class. Supported by a large industry consortium, The Codex stores ownership and provenance information while ensuring privacy for collectors.
At launch, several initial DApps will allow collectors to more easily find what they want, buy at auctions, and ensure authenticity, all with cryptocurrency. The Codex is the first step to achieving a larger and more accessible art and collectibles market.
Check out our recent testnet launch! https://beta.codex-viewer.com/#/
Details about the testnet can be found here: https://medium.com/codexprotocol/codex-development-update-codex-viewer-launch-117fd01f4a38
——————————
LINKS
Website: http://www.codexprotocol.com
Whitepaper: https://goo.gl/Fjcu7d
Bitcointalk: https://bitcointalk.org/index.php?topic=4494244.0
Twitter: https://twitter.com/codexprotocol
Facebook: https://www.facebook.com/codexprotocol/
Medium: https://medium.com/codexprotocol
Reddit: https://www.reddit.com/r/CodexProtocol/
YouTube: https://bit.ly/2K4NYo7
At launch, several initial DApps will allow collectors to more easily find what they want, buy at auctions, and ensure authenticity, all with cryptocurrency. The Codex is the first step to achieving a larger and more accessible art and collectibles market.
Check out our recent testnet launch! https://beta.codex-viewer.com/#/
Details about the testnet can be found here: https://medium.com/codexprotocol/codex-development-update-codex-viewer-launch-117fd01f4a38
——————————
LINKS
Website: http://www.codexprotocol.com
Whitepaper: https://goo.gl/Fjcu7d
Bitcointalk: https://bitcointalk.org/index.php?topic=4494244.0
Twitter: https://twitter.com/codexprotocol
Facebook: https://www.facebook.com/codexprotocol/
Medium: https://medium.com/codexprotocol
Reddit: https://www.reddit.com/r/CodexProtocol/
YouTube: https://bit.ly/2K4NYo7
Medium
Codex development update & Codex Viewer launch
I’m happy to share with everyone our first development update.
NULS have found a partner. Now this is Bitmain.
NULS, an open source project, announced its partnership with Bitmain. Lisa Huang, the new CEO of NULS, made this statement at a conference in Beijing.
The partnership with this "largest manufacturer of Bitcoin equipment" focuses on developing cross-media and other joint projects in the future.
Crosschain refers to the technologies with which two or more blockchain can interact with each other. The most popular cross-technology is atomic swaps that can conduct transactions between two or more blocs.
NULS, an open source project, announced its partnership with Bitmain. Lisa Huang, the new CEO of NULS, made this statement at a conference in Beijing.
The partnership with this "largest manufacturer of Bitcoin equipment" focuses on developing cross-media and other joint projects in the future.
Crosschain refers to the technologies with which two or more blockchain can interact with each other. The most popular cross-technology is atomic swaps that can conduct transactions between two or more blocs.
Bank of Queensland Bans cryptocurrency purchase with Mortgage Loans
Australian Bank of Queensland has banned using mortgage loans for acquisition or trading with cryptocurrencies due to the high volatility of the virtual coins, local media reported on Thursday. The lender’s amended policy now rules that “any loan purpose that involves the acquisition of or usage of cryptocurrency is unacceptable”, according to Australia Financial Review newspaper.
The broker explained that Australia’s government bodies are monitoring the bank accounts to detect any sign of using funds for cryptocurrency trading. The country’s virtual coin market grew significantly last year, according to a report of the Australian Digital Commerce Association (ADCA) and the consultancy company Accenture. Cryptocurrency trading reached A$3.9 billion (more than $2.8 billion) in 2017 with more than 300,000 active users, with Bitcoin (BTC) and Ethereum (ETH) being the top traded digital currencies.
As the crypto trading expands with leading players like Huobi launching services in Australia, the regulators step up establishing rules for the industry. Recently, the AUSTRAC (Australian Transaction Reports and Analysis Centre) has implemented new rules for digital exchanges, including registration regime, as well as anti-money laundering (AML) and counter-terrorist financing (CTF)rules requirements. Several days ago, the Australian Tax Authority (ATO) said that the agency will seek international cooperation to tackle hiding of cryptocurrency income. This year Australian traders must file tax declarations about their crypto incomes for the first time after ATO has declared virtual coins like Bitcoin an asset liable for capital gains tax (CGT). This month Australia, along with the United States, the United Kingdom, Canada, and the Netherlands established an international alliance, J5, which unites their tax authorities in a bid to fight money laundering and tax avoidance, including crimes related to cryptocurrency.
Australian Bank of Queensland has banned using mortgage loans for acquisition or trading with cryptocurrencies due to the high volatility of the virtual coins, local media reported on Thursday. The lender’s amended policy now rules that “any loan purpose that involves the acquisition of or usage of cryptocurrency is unacceptable”, according to Australia Financial Review newspaper.
The broker explained that Australia’s government bodies are monitoring the bank accounts to detect any sign of using funds for cryptocurrency trading. The country’s virtual coin market grew significantly last year, according to a report of the Australian Digital Commerce Association (ADCA) and the consultancy company Accenture. Cryptocurrency trading reached A$3.9 billion (more than $2.8 billion) in 2017 with more than 300,000 active users, with Bitcoin (BTC) and Ethereum (ETH) being the top traded digital currencies.
As the crypto trading expands with leading players like Huobi launching services in Australia, the regulators step up establishing rules for the industry. Recently, the AUSTRAC (Australian Transaction Reports and Analysis Centre) has implemented new rules for digital exchanges, including registration regime, as well as anti-money laundering (AML) and counter-terrorist financing (CTF)rules requirements. Several days ago, the Australian Tax Authority (ATO) said that the agency will seek international cooperation to tackle hiding of cryptocurrency income. This year Australian traders must file tax declarations about their crypto incomes for the first time after ATO has declared virtual coins like Bitcoin an asset liable for capital gains tax (CGT). This month Australia, along with the United States, the United Kingdom, Canada, and the Netherlands established an international alliance, J5, which unites their tax authorities in a bid to fight money laundering and tax avoidance, including crimes related to cryptocurrency.
Wemark
The blockchain-based marketplace for digital content
📥Telegram: https://t.me/wemark
🌐Web: https://tge.wemark.com/
🎬Video: https://youtu.be/pWCFt_M28eE
⌚️TGE: May 7th, 2018
🔗Type: ERC20
💰Soft Cap: $1.5M
💰Hard Cap: $8M
Backed with equity investments by VC’s from Silicon Valley, New York and Israel
📃Project description:
Starting with photos, Wemark is a new kind of marketplace for digital content. Shutterstock and Getty images control the 4B$ stock photography industry and take up to 85% of what creators earn.
With Wemark, creators license their content directly to customers. They keep much more of their revenues and all the rights to their content. Customers get access to better photos at better prices.
Wemark already has a working alpha with thousands of photographers signed up and submitted +20,000 photos to the platform. See more at www.wemark.com
http://wemark.com/
https://t.me/wemark
The blockchain-based marketplace for digital content
📥Telegram: https://t.me/wemark
🌐Web: https://tge.wemark.com/
🎬Video: https://youtu.be/pWCFt_M28eE
⌚️TGE: May 7th, 2018
🔗Type: ERC20
💰Soft Cap: $1.5M
💰Hard Cap: $8M
Backed with equity investments by VC’s from Silicon Valley, New York and Israel
📃Project description:
Starting with photos, Wemark is a new kind of marketplace for digital content. Shutterstock and Getty images control the 4B$ stock photography industry and take up to 85% of what creators earn.
With Wemark, creators license their content directly to customers. They keep much more of their revenues and all the rights to their content. Customers get access to better photos at better prices.
Wemark already has a working alpha with thousands of photographers signed up and submitted +20,000 photos to the platform. See more at www.wemark.com
http://wemark.com/
https://t.me/wemark