🥁The blockchain startup Paxos, that operates under the supervision of the Securities and Exchange Commission, has introduced a new Pixos Standard stablecoin, the value of which is tied to the US dollar.
Its turnover will be regulated by the New York City Financial Services Authority.
The customers which will go through the KYC procedure, can purchase and deliver tokens directly on their official website. Tokens, which customers will exchange back for dollars, will be immediately destroyed.
Also, starting from today, you can convert your dollars into Gemini Dollar and vice versa. GUSD is a stablecoin with ERC-20 standard that was introduced by the Winklevoss brothers.
Gemini Trust project will be backed by one of the American banks. Dollar deposits will be insured in accordance with the Federal Deposit Insurance Corporation regulations.
Its turnover will be regulated by the New York City Financial Services Authority.
The customers which will go through the KYC procedure, can purchase and deliver tokens directly on their official website. Tokens, which customers will exchange back for dollars, will be immediately destroyed.
Also, starting from today, you can convert your dollars into Gemini Dollar and vice versa. GUSD is a stablecoin with ERC-20 standard that was introduced by the Winklevoss brothers.
Gemini Trust project will be backed by one of the American banks. Dollar deposits will be insured in accordance with the Federal Deposit Insurance Corporation regulations.
Forwarded from PROOF OF CRYPTO
Here is a useful guide on how to safeguard your cryptocurrency that Binance CEO Changpeng Zhao recently shared on his Twitter.
Do you think your accounts are secure? Think again.
Go to Article >
Do you think your accounts are secure? Think again.
Go to Article >
Medium
Do You Think Your Accounts Are Secure? Think Again.
Individuals that are new to the cryptocurrency space are often not protective on security measures. Individuals later have an epiphany…
Winklevoss Brothers file new patent for crypto key storage system
The founders of digital asset platform Gemini, Cameron and Tyler Winklevoss, have filed a new patent for securely storing digital assets, according to a document published by the US Patent and Trademarks Office (USPTO) on Tuesday.
The patent, named “Systems and methods for storing digital math-based assets using a secure portal”, outlines a plan to develop a network of computers capable of generating accounts for storing cryptocurrencies or cryptocurrency-related exchange-traded products (ETPs). The computers would be isolated, like a cold storage device, except during transfer of assets and would have access to a secure portal, which may connect the machines to the blockchain network during transactions, if required.
The new method divides a digital asset account into a “plurality of private keys” for increasing the safety of one’s portfolio. It suggests different ways of storage, including paper, laminated card and even papyrus, with at least one set of keys stored on an electronic memory device, such as a flash drive, CD or DVD. In the case of retrieval, the rightful owner should provide three forms of identification.
“Private keys for a multi-signature account may be stored as backups, e.g., in secure storage, which may be difficult to access, and may be used in the event that more readily obtainable keys are lost,” the filing states.
The patent mentions Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC) while describing its application to “digital math-based assets,” in addition to obscure altcoins like IxCoins, Qoras, YbCoins, and BBQcoins.
The Winklevoss brothers have a big list to their credit for crypto-related patents. In May, Winklevoss IP won a patent application for crypto-based asset trading that allows for the settlement of ETPs using cryptocurrencies. In June, the entrepreneurs also won a similar patent for the creation of crypto-based ETPs.
However, it remains unclear when these instruments will hit the market, given the Securities and Exchange Commission’s (SEC) harsh requirements. In March 2017, the Winklevoss brothers tried to list Bitcoin exchange traded funds (ETFs) on exchanges, but the regulator rejected their proposal twice, citing “the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest.”
In a possible change of its tune, SEC might be moving towards approval of Bitcoin ETFs following recent news that the Trump administration made its fourth appointment to the SEC, choosing Elad Roisman, who is known for his pro-crypto comments.
The founders of digital asset platform Gemini, Cameron and Tyler Winklevoss, have filed a new patent for securely storing digital assets, according to a document published by the US Patent and Trademarks Office (USPTO) on Tuesday.
The patent, named “Systems and methods for storing digital math-based assets using a secure portal”, outlines a plan to develop a network of computers capable of generating accounts for storing cryptocurrencies or cryptocurrency-related exchange-traded products (ETPs). The computers would be isolated, like a cold storage device, except during transfer of assets and would have access to a secure portal, which may connect the machines to the blockchain network during transactions, if required.
The new method divides a digital asset account into a “plurality of private keys” for increasing the safety of one’s portfolio. It suggests different ways of storage, including paper, laminated card and even papyrus, with at least one set of keys stored on an electronic memory device, such as a flash drive, CD or DVD. In the case of retrieval, the rightful owner should provide three forms of identification.
“Private keys for a multi-signature account may be stored as backups, e.g., in secure storage, which may be difficult to access, and may be used in the event that more readily obtainable keys are lost,” the filing states.
The patent mentions Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC) while describing its application to “digital math-based assets,” in addition to obscure altcoins like IxCoins, Qoras, YbCoins, and BBQcoins.
The Winklevoss brothers have a big list to their credit for crypto-related patents. In May, Winklevoss IP won a patent application for crypto-based asset trading that allows for the settlement of ETPs using cryptocurrencies. In June, the entrepreneurs also won a similar patent for the creation of crypto-based ETPs.
However, it remains unclear when these instruments will hit the market, given the Securities and Exchange Commission’s (SEC) harsh requirements. In March 2017, the Winklevoss brothers tried to list Bitcoin exchange traded funds (ETFs) on exchanges, but the regulator rejected their proposal twice, citing “the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest.”
In a possible change of its tune, SEC might be moving towards approval of Bitcoin ETFs following recent news that the Trump administration made its fourth appointment to the SEC, choosing Elad Roisman, who is known for his pro-crypto comments.
🚀 Raincheck-Global loyalty & rewards points exchange aggregator on Stellar
Want to be able to transfer your existing reward/loyalty points into one digital unit that can be used at any scheme? How about accurately monitoring your points, with the flexibility of transferring them at any time, on a fast and secure network? RAIN Token will give you this power at a fraction of the cost of other providers. Built on the Stellar Blockchain your secure transactions will go through within seconds at the cost of one cent per 100,000 transactions, whereas Ethereum based projects still cost around $0.20-1.45 per transaction. RAIN Token is the seamless and inexpensive experience you’ve been waiting for.
Built by a team with diverse backgrounds in full stack software development, data/cyber security, global payments, retail, travel, finance and investment; Our two founders pioneered the internet in the early 90’s, founding several tech startups and have a combined 50+ years experience in the ICT sector. The RAIN Token team recognises the faults in current loyalty/rewards schemes and with their wealth of knowledge, and experience, have created a solution.
Plus, unlike some exchanges, RAIN Token has your back if you get stuck. A dedicated customer service team is available 24/7. No more submitting a support ticket and waiting 2 weeks to get an automated response.
The RAIN Token is all about simplifying the reward/loyalty point systems and giving power back to the consumer, allowing them to attain the best value - Creating opportunities for retailers, and customer, alike. Get in on this awesome project before it takes off.
https://raintoken.org/
https://t.me/getraincheck
Want to be able to transfer your existing reward/loyalty points into one digital unit that can be used at any scheme? How about accurately monitoring your points, with the flexibility of transferring them at any time, on a fast and secure network? RAIN Token will give you this power at a fraction of the cost of other providers. Built on the Stellar Blockchain your secure transactions will go through within seconds at the cost of one cent per 100,000 transactions, whereas Ethereum based projects still cost around $0.20-1.45 per transaction. RAIN Token is the seamless and inexpensive experience you’ve been waiting for.
Built by a team with diverse backgrounds in full stack software development, data/cyber security, global payments, retail, travel, finance and investment; Our two founders pioneered the internet in the early 90’s, founding several tech startups and have a combined 50+ years experience in the ICT sector. The RAIN Token team recognises the faults in current loyalty/rewards schemes and with their wealth of knowledge, and experience, have created a solution.
Plus, unlike some exchanges, RAIN Token has your back if you get stuck. A dedicated customer service team is available 24/7. No more submitting a support ticket and waiting 2 weeks to get an automated response.
The RAIN Token is all about simplifying the reward/loyalty point systems and giving power back to the consumer, allowing them to attain the best value - Creating opportunities for retailers, and customer, alike. Get in on this awesome project before it takes off.
https://raintoken.org/
https://t.me/getraincheck
'Crypto Assets Are Here to Stay,' Says EU Commission Vice President
The European Commission, the executive body that proposes legislation for the EU, will this year conclude a regulatory assessment for the governance of crypto assets, because they are "here to stay," a high-level has official said.
Speaking at a press conference after a meeting of the Economic and Financial Affairs Council last Friday, Valdis Dombrovskis, vice president of the European Commission, said member states are supportive of moves to chart regulations governing the cryptocurrency industry in the economic region.
The European Commission, the executive body that proposes legislation for the EU, will this year conclude a regulatory assessment for the governance of crypto assets, because they are "here to stay," a high-level has official said.
Speaking at a press conference after a meeting of the Economic and Financial Affairs Council last Friday, Valdis Dombrovskis, vice president of the European Commission, said member states are supportive of moves to chart regulations governing the cryptocurrency industry in the economic region.
Canadian bitcoin-fund First Block Capital became available for accredited investors
"First Block Capital, based in Canada, said it received a license for its flagship product, the FBC Bitcoin Trust, to receive funds from accredited investors for non-taxable funded accounts (TFSA) and registered accumulative retirement accounts (RRSPs).
"First Block Capital, based in Canada, said it received a license for its flagship product, the FBC Bitcoin Trust, to receive funds from accredited investors for non-taxable funded accounts (TFSA) and registered accumulative retirement accounts (RRSPs).
Soar News
Get ready for the “SOAR x Moon Radius” AMA on September 13th, Thursday at 8:30PM (GMT+7)! We will be giving away 8,888 SKYM Tokens for those who participate this live streaming AMA event. Everyone has the chance to win! More details are shown in the pic below.
http://bit.ly/2MZ32WF
Get ready for the “SOAR x Moon Radius” AMA on September 13th, Thursday at 8:30PM (GMT+7)! We will be giving away 8,888 SKYM Tokens for those who participate this live streaming AMA event. Everyone has the chance to win! More details are shown in the pic below.
http://bit.ly/2MZ32WF
Twitter
Soar
Get ready for the “SOAR x Moon Radius” AMA on September 13th, Thursday at 8:30PM (GMT+7)! We will be giving away 8,888 SKYM Tokens for those who participate this #live streaming #AMA event. Everyone has the chance to win! More details are shown in the pic…
Cryptocurrency exchange Binance this morning signed a memorandum of understanding with the Malta Stock Exchange to launch a new digital exchange for security token trading.
The agreement was signed by Malta Stock Exchange chairman Joe Portelli and Binance chief financial officer Wei Zhou.
The new trading platform will leverage the stock exchange's 26-year track record of operating as a regulated stock exchange, with the associated regulatory compliance, while building on Binance's business model and global reach.
Addressing a press conference after the signing of the agreement, Scicluna described the technology as revolutionary and one that would change the world. He said Malta won't let any opportunity pass it by, insisting that it would have been "crazy" not to establish itself in this area.
Like many other new technologies, blockchain and cryptocurrencies are not without their risks, Scicluna acknowledged.
The agreement was signed by Malta Stock Exchange chairman Joe Portelli and Binance chief financial officer Wei Zhou
"This is not an excuse to let it go by and be taken up by others," the minister said, stressing that Malta was taking the "prudent route".
Scicluna said that MSX PLC, the fintech and digital asset subsidiary of the Malta Stock Exchange, had been set up specifically for such ventures.
He said that "this type of service" fit well with a small open economy like Malta.
Scicluna also stressed the need for transparency and effective measures to combat money laundering, as well as respecting consumer rights, explaining that the difference between Malta and other jurisdictions was that Malta had recognised that a new technology needs new regulations.
Turning to Malta's new digital ledger technologies legislation, Scicluna said that some of the best legal brains had commended Malta's approach in dealing with the new sector.
The minister said he hoped that Malta would have the same success it had with the gaming sector following the establishment of the Malta Gaming Authority.
Portelli said the government had shown itself to he a trailblazer in the blockchain space, adding that "whether you like it or not, the technology is here to stay".
"We look forward to seeing this exciting new market opportunity develop admonish the boundaries of the Maltese financial sector," he said.
Portelli insisted that security token exchanges would become ubiquitous the world over in a few years.
On his part Zhou thanked the Maltese government and the Malta Stock Exchange for the possibility to work on a "revolutionary project".
He said that Binamce wanted to offer people freedom with their money and investments.
Zhou said the company was very happy with the reception it received in Malta and the regulations put in place in order for the blockchain ecosystem to flourish.
The agreement was signed by Malta Stock Exchange chairman Joe Portelli and Binance chief financial officer Wei Zhou.
The new trading platform will leverage the stock exchange's 26-year track record of operating as a regulated stock exchange, with the associated regulatory compliance, while building on Binance's business model and global reach.
Addressing a press conference after the signing of the agreement, Scicluna described the technology as revolutionary and one that would change the world. He said Malta won't let any opportunity pass it by, insisting that it would have been "crazy" not to establish itself in this area.
Like many other new technologies, blockchain and cryptocurrencies are not without their risks, Scicluna acknowledged.
The agreement was signed by Malta Stock Exchange chairman Joe Portelli and Binance chief financial officer Wei Zhou
"This is not an excuse to let it go by and be taken up by others," the minister said, stressing that Malta was taking the "prudent route".
Scicluna said that MSX PLC, the fintech and digital asset subsidiary of the Malta Stock Exchange, had been set up specifically for such ventures.
He said that "this type of service" fit well with a small open economy like Malta.
Scicluna also stressed the need for transparency and effective measures to combat money laundering, as well as respecting consumer rights, explaining that the difference between Malta and other jurisdictions was that Malta had recognised that a new technology needs new regulations.
Turning to Malta's new digital ledger technologies legislation, Scicluna said that some of the best legal brains had commended Malta's approach in dealing with the new sector.
The minister said he hoped that Malta would have the same success it had with the gaming sector following the establishment of the Malta Gaming Authority.
Portelli said the government had shown itself to he a trailblazer in the blockchain space, adding that "whether you like it or not, the technology is here to stay".
"We look forward to seeing this exciting new market opportunity develop admonish the boundaries of the Maltese financial sector," he said.
Portelli insisted that security token exchanges would become ubiquitous the world over in a few years.
On his part Zhou thanked the Maltese government and the Malta Stock Exchange for the possibility to work on a "revolutionary project".
He said that Binamce wanted to offer people freedom with their money and investments.
Zhou said the company was very happy with the reception it received in Malta and the regulations put in place in order for the blockchain ecosystem to flourish.
🔬Nasdaq Stock Market, also known simply as Nasdaq is an American stock exchange which is on its way to develop a special analyzing tool for the crypto market.
📟It will be built with the use of machine learning and other processing algorithms.
👀This service will help any investor to follow predictions on 500 digital currencies price movements. All the information will be available on the Analytical Exchange Center.
⛓This tool will analyze the information regarding the movements of funds on wallets, data from crypto exchanges and social networks.
💡Such plans signal about Wall Street’s rising interest in blockchain market. A full-fledged launch is planned for November this year.
📟It will be built with the use of machine learning and other processing algorithms.
👀This service will help any investor to follow predictions on 500 digital currencies price movements. All the information will be available on the Analytical Exchange Center.
⛓This tool will analyze the information regarding the movements of funds on wallets, data from crypto exchanges and social networks.
💡Such plans signal about Wall Street’s rising interest in blockchain market. A full-fledged launch is planned for November this year.
👌🚀The Coinsbit exchange, which received a license for conducting trade operations in the EU, provided users with a platform that meets high security requirements for transactions and users personal information.
By the end of 2018, Coinsbit plans to introduce margin trading with 1: 2, 1: 3 leverage, loans in USD and USDT against digital currency, the ability to receive passive income on financing margin trading, and other options.
The platform complies with the OWASP Top 10 security standard, and the CoinsCodes functionality allows you to transfer coins and tokens between users without commissions.
The exchange is capable of processing up to 10 thousand trading operations per second.
By the end of 2018, Coinsbit plans to introduce margin trading with 1: 2, 1: 3 leverage, loans in USD and USDT against digital currency, the ability to receive passive income on financing margin trading, and other options.
The platform complies with the OWASP Top 10 security standard, and the CoinsCodes functionality allows you to transfer coins and tokens between users without commissions.
The exchange is capable of processing up to 10 thousand trading operations per second.
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
🤝⚖️It was reported that Ripple and R3, the company that leads a consortium of more than 200 firms in research and development of distributed ledger usage in the financial system and other areas of commerce, peacefully resolved their dispute regarding the situation that happened in September 2017.
📝Just to remind you, R3 consortium has filed a lawsuit against Ripple, where the latter was accused of violating the agreement between the companies to purchase the cryptocurrency XRP.
🔍According to the contract terms, Ripple was obliged to allow R3 to buy 5 billion XRP coins at a fixed price of $ 0.0085 at any time until the end of 2019.
🔐Representatives of the companies stressed that all details of the agreement will remain a secret.
💡Earlier, the court rejected a class action filed by investor Ryan Coffey against Ripple Labs Inc. on behalf of everyone who bought XRP tokens after January 1, 2013.
The company was accused of illegally manipulating the price of XRP. But the action lawsuit was rejected by the court.
📝Just to remind you, R3 consortium has filed a lawsuit against Ripple, where the latter was accused of violating the agreement between the companies to purchase the cryptocurrency XRP.
🔍According to the contract terms, Ripple was obliged to allow R3 to buy 5 billion XRP coins at a fixed price of $ 0.0085 at any time until the end of 2019.
🔐Representatives of the companies stressed that all details of the agreement will remain a secret.
💡Earlier, the court rejected a class action filed by investor Ryan Coffey against Ripple Labs Inc. on behalf of everyone who bought XRP tokens after January 1, 2013.
The company was accused of illegally manipulating the price of XRP. But the action lawsuit was rejected by the court.
Argo Blockchain adds two new cryptocurrencies to its mining platform
Cryptocurrency mining services provider Argo Blockchain PLC (LON:ARGO) has launched two new coins on its platform, taking the total number of alt-currencies on its site to six.
Subscribers will be available to mine the new coins, called Komodo and Horizen, from October 1.
Both were added to the Argo platform following strong customer demand and were bench-tested for efficiency, the company said.
The two ned additions follow the recent expansion of Argo’s mining platform with new hardware which delivers “significantly greater energy efficiency and capability to provide a wide choice of alt-currencies”.
President and co-founder Mike Edwards said: “The addition of these currencies is a further step in Argo's long-term goal to become a leading global provider of an easy-to-use and transparent crypto-mining service for the general public.
“Our growth strategy is customer-led and we look forward to offering even more choice as demand grows and we invest in our platform.”
Argo's customers are currently able to mine Bitcoin Gold, Ethereum, Ethereum Classic and Zcash through its monthly subscription, cloud-based mining-as-a-software service.
Cryptocurrency mining services provider Argo Blockchain PLC (LON:ARGO) has launched two new coins on its platform, taking the total number of alt-currencies on its site to six.
Subscribers will be available to mine the new coins, called Komodo and Horizen, from October 1.
Both were added to the Argo platform following strong customer demand and were bench-tested for efficiency, the company said.
The two ned additions follow the recent expansion of Argo’s mining platform with new hardware which delivers “significantly greater energy efficiency and capability to provide a wide choice of alt-currencies”.
President and co-founder Mike Edwards said: “The addition of these currencies is a further step in Argo's long-term goal to become a leading global provider of an easy-to-use and transparent crypto-mining service for the general public.
“Our growth strategy is customer-led and we look forward to offering even more choice as demand grows and we invest in our platform.”
Argo's customers are currently able to mine Bitcoin Gold, Ethereum, Ethereum Classic and Zcash through its monthly subscription, cloud-based mining-as-a-software service.
🇨🇳 Chinese find ways to avoid crypto trading ban with Tether
The Chinese government may have banned cryptocurrency trading and initial coin offerings (ICOs), but those did not stop hardcore digital currency investors in the country to buy and sell cryptos.
A report by the South China Morning Post claims that Chinese cryptocurrency investors are using Tether (USDT) and virtual private networks (VPNs) to bypass the tight government regulations on digital currency trading, including a ban on more than 120 foreign exchanges.
The report cited data from the Shanghai Securities News, a newspaper linked with the country’s financial regulators, stating that Chinese traders convert their yuan to USDT to leverage what insiders describe as “client-to-client” trades, which are similar to peer-to-peer transactions of fiat for Tether that usually transpire on specialized online platforms with bank transactions.
The scheme allows traders to leverage a VPN to gain access to their desired cryptocurrency exchange and trade in digital assets like in any country that allows crypto trading. The report claims that Chinese regulators do not have the technical capability to block these trades from gaining access to VPNs effectively.
“Chinese regulators definitely have the technical ability to shut down VPNs. However, traditionally it takes numerous conversations with different stakeholders to reach a consensus on configuring a firewall, which lengthens the process,” the report added.
Crypto exchanges have also found a way to skirt around the ban by transferring to other countries or reincarnating their businesses under different domain names. This allows them to continue prospering despite the crackdown imposed since September last year.
Others move their servers outside of mainland China and register their legal entities in crypto-friendly regimes.
The report quoted TideBit chief operating officer Terence Tsang who runs a centralized digital currency exchange in Taiwan and Hong Kong as saying:
"The latest warning and potentially increased monitoring of international platforms are targeted at a batch of smaller exchanges that had claimed to be foreign entities but are operating in China claiming they have outsourced their operations to a Chinese company. Those exchanges whose website landing pages are in Chinese have drawn particular scrutiny by regulators.”
China’s clampdown on cryptocurrency trading intensified anew when the Guangzhou Development District, an exclusive economic zone in China's Guangzhou district, ordered last month a ban on promotional events involving digital assets after Beijing made an initial move.
The crackdown is aimed at maintaining “the security and stability of the financial system” by prohibiting all activities that promote digital currency within the zone.
The Chinese government may have banned cryptocurrency trading and initial coin offerings (ICOs), but those did not stop hardcore digital currency investors in the country to buy and sell cryptos.
A report by the South China Morning Post claims that Chinese cryptocurrency investors are using Tether (USDT) and virtual private networks (VPNs) to bypass the tight government regulations on digital currency trading, including a ban on more than 120 foreign exchanges.
The report cited data from the Shanghai Securities News, a newspaper linked with the country’s financial regulators, stating that Chinese traders convert their yuan to USDT to leverage what insiders describe as “client-to-client” trades, which are similar to peer-to-peer transactions of fiat for Tether that usually transpire on specialized online platforms with bank transactions.
The scheme allows traders to leverage a VPN to gain access to their desired cryptocurrency exchange and trade in digital assets like in any country that allows crypto trading. The report claims that Chinese regulators do not have the technical capability to block these trades from gaining access to VPNs effectively.
“Chinese regulators definitely have the technical ability to shut down VPNs. However, traditionally it takes numerous conversations with different stakeholders to reach a consensus on configuring a firewall, which lengthens the process,” the report added.
Crypto exchanges have also found a way to skirt around the ban by transferring to other countries or reincarnating their businesses under different domain names. This allows them to continue prospering despite the crackdown imposed since September last year.
Others move their servers outside of mainland China and register their legal entities in crypto-friendly regimes.
The report quoted TideBit chief operating officer Terence Tsang who runs a centralized digital currency exchange in Taiwan and Hong Kong as saying:
"The latest warning and potentially increased monitoring of international platforms are targeted at a batch of smaller exchanges that had claimed to be foreign entities but are operating in China claiming they have outsourced their operations to a Chinese company. Those exchanges whose website landing pages are in Chinese have drawn particular scrutiny by regulators.”
China’s clampdown on cryptocurrency trading intensified anew when the Guangzhou Development District, an exclusive economic zone in China's Guangzhou district, ordered last month a ban on promotional events involving digital assets after Beijing made an initial move.
The crackdown is aimed at maintaining “the security and stability of the financial system” by prohibiting all activities that promote digital currency within the zone.
🚀 Raincheck-Global loyalty & rewards points exchange aggregator on Stellar
Want to be able to transfer your existing reward/loyalty points into one digital unit that can be used at any scheme? How about accurately monitoring your points, with the flexibility of transferring them at any time, on a fast and secure network? RAIN Token will give you this power at a fraction of the cost of other providers. Built on the Stellar Blockchain your secure transactions will go through within seconds at the cost of one cent per 100,000 transactions, whereas Ethereum based projects still cost around $0.20-1.45 per transaction. RAIN Token is the seamless and inexpensive experience you’ve been waiting for.
Built by a team with diverse backgrounds in full stack software development, data/cyber security, global payments, retail, travel, finance and investment; Our two founders pioneered the internet in the early 90’s, founding several tech startups and have a combined 50+ years experience in the ICT sector. The RAIN Token team recognises the faults in current loyalty/rewards schemes and with their wealth of knowledge, and experience, have created a solution.
Plus, unlike some exchanges, RAIN Token has your back if you get stuck. A dedicated customer service team is available 24/7. No more submitting a support ticket and waiting 2 weeks to get an automated response.
The RAIN Token is all about simplifying the reward/loyalty point systems and giving power back to the consumer, allowing them to attain the best value - Creating opportunities for retailers, and customer, alike. Get in on this awesome project before it takes off.
https://raintoken.org/
https://t.me/getraincheck
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https://raintoken.org/
https://t.me/getraincheck
The Bank of Russia has successfully conducted an experiment on token issuance, an official said Monday during the Eastern Economic Forum in Vladivostok, Russia, news agency TASS reported Tuesday.
Ivan Semagin, deputy director of the financial development department of the bank, told attendees of the forum that the regulator had tested conducting "an experimental ICO based on the existing infrastructure" in the Bank of Russia's sandbox. Though the experiment was a success, there are still some issues, he said.
"In the framework of the 'sandbox' ... technically everything went well, but there were a lot of issues from a legal point of view," he explained.
He did not explain what these legal concerns were.
Ivan Semagin, deputy director of the financial development department of the bank, told attendees of the forum that the regulator had tested conducting "an experimental ICO based on the existing infrastructure" in the Bank of Russia's sandbox. Though the experiment was a success, there are still some issues, he said.
"In the framework of the 'sandbox' ... technically everything went well, but there were a lot of issues from a legal point of view," he explained.
He did not explain what these legal concerns were.
【Soar News】
RT DOverview The Nisqually River flows for roughly 81 miles (130 km) through west central Washington, emptying into the southern end of the Puget Sound.
http://bit.ly/2oXpYr0
RT DOverview The Nisqually River flows for roughly 81 miles (130 km) through west central Washington, emptying into the southern end of the Puget Sound.
http://bit.ly/2oXpYr0
Twitter
Matthew Standage
RT DOverview The Nisqually River flows for roughly 81 miles (130 km) through west central Washington, emptying into the southern end of the Puget Sound. See more here: https://t.co/gMJkoSxsFt /// #dailyoverview #aerialphotography #satellite #earth #pico…
The largest banking conglomerate of the USA has developed a new mechanism for investing in bitcoin
One of the largest banking conglomerates of the USA, Citigroup intends to issue receipts for digital assets that will allow customers to trade crypto-currencies without owning them directly. The new tool complies with the existing legal norms, the sources of Business Insider note.
A new kind of receipts should work on the principle of American depositary receipts, allowing investors to trade in securities baskets that are not represented on American markets. In this case, the cryptocurrencies themselves will be kept by a separate custodian.
One of the largest banking conglomerates of the USA, Citigroup intends to issue receipts for digital assets that will allow customers to trade crypto-currencies without owning them directly. The new tool complies with the existing legal norms, the sources of Business Insider note.
A new kind of receipts should work on the principle of American depositary receipts, allowing investors to trade in securities baskets that are not represented on American markets. In this case, the cryptocurrencies themselves will be kept by a separate custodian.
Coinbase, Nasdaq And Bakkt: 3 Reasons To Be Bullish About BTC And Crypto
is always darkest before down and the crypto markets have been in the dark for quite some time now. Many crypto enthusiasts and traders have been wondering whether the blood bath in the markets will abate soon. Prominent cryptocurrencies such a Ethereum (ETH), have seen their glory days above $200 pass them by. The digital asset is currently valued at $172 at the moment of writing this and looks poised for some further decline in the markets.
But even with the decline in the crypto markets, the much awaited institutional involvement in crypto investing and trading is on its way. We have the prominent firms of Coinbase, Nasdaq and Bakkt to provide an indicator that crypto and blockchain is going mainstream. It is all a matter of waiting out the current market turmoil.
✅ Coinbase
Recent news indicate that the firm has been on a hiring spree despite the bear market. Common logic dictates that they are planning something massive to warrant the massive increment of manpower at the firm. In the last 6 months, the firm has hired 250 staff. The new hires have been spread out in the different offices of Chicago,Tokyo, Dublin and Portugal. Coinbase is going global in a huge way.
✅ Nasdaq
The word is out that Nasdaq plans on coming up with a cryptocurrency platform in the near future. The firm is one of the largest trading firms on Wall Street and getting into crypto trading is only natural for the firm given the popularity of Bitcoin.The first step by Nadaq, will be to launch crypto-centric analytics products by this coming November. Anyone who has observed how such firms oeprate, they first put out tracking tools for the most popular cryptocurrencies as they work in the background to launch a fully functional exchange.
Unconfirmed information also indicate that the firm could be taking advantage of the bear market and stocking up on Bitcoin and other cryptocurrencies.
✅ Bakkt
The Bakkt firm that is backed by the owners of the New York Stock Exchange, plans on being launched also this November. Bakkt will be pushing Bitcoin and other crypto assets, towards mainstream adoption as financial assets. Even before the launch in November, the firm’s twitter page has already gathered 30,000 followers from across the globe further hinting that it has overwhelming support.
Its CEO, Kelly Loeffler, has stated on numerous times that she is looking forward to a busy fall/autumn with the launch. She is ready to hit the ground running.
In conclusion, the crypto markets are at their lowest right now and the fear is evident that it will get worse before it gets better. However, amidst the short term chaos is the hope that Bitcoin and other cryptocurrencies will become mainstream investment options through Coinbase, Nasdaq and Bakkt.
is always darkest before down and the crypto markets have been in the dark for quite some time now. Many crypto enthusiasts and traders have been wondering whether the blood bath in the markets will abate soon. Prominent cryptocurrencies such a Ethereum (ETH), have seen their glory days above $200 pass them by. The digital asset is currently valued at $172 at the moment of writing this and looks poised for some further decline in the markets.
But even with the decline in the crypto markets, the much awaited institutional involvement in crypto investing and trading is on its way. We have the prominent firms of Coinbase, Nasdaq and Bakkt to provide an indicator that crypto and blockchain is going mainstream. It is all a matter of waiting out the current market turmoil.
✅ Coinbase
Recent news indicate that the firm has been on a hiring spree despite the bear market. Common logic dictates that they are planning something massive to warrant the massive increment of manpower at the firm. In the last 6 months, the firm has hired 250 staff. The new hires have been spread out in the different offices of Chicago,Tokyo, Dublin and Portugal. Coinbase is going global in a huge way.
✅ Nasdaq
The word is out that Nasdaq plans on coming up with a cryptocurrency platform in the near future. The firm is one of the largest trading firms on Wall Street and getting into crypto trading is only natural for the firm given the popularity of Bitcoin.The first step by Nadaq, will be to launch crypto-centric analytics products by this coming November. Anyone who has observed how such firms oeprate, they first put out tracking tools for the most popular cryptocurrencies as they work in the background to launch a fully functional exchange.
Unconfirmed information also indicate that the firm could be taking advantage of the bear market and stocking up on Bitcoin and other cryptocurrencies.
✅ Bakkt
The Bakkt firm that is backed by the owners of the New York Stock Exchange, plans on being launched also this November. Bakkt will be pushing Bitcoin and other crypto assets, towards mainstream adoption as financial assets. Even before the launch in November, the firm’s twitter page has already gathered 30,000 followers from across the globe further hinting that it has overwhelming support.
Its CEO, Kelly Loeffler, has stated on numerous times that she is looking forward to a busy fall/autumn with the launch. She is ready to hit the ground running.
In conclusion, the crypto markets are at their lowest right now and the fear is evident that it will get worse before it gets better. However, amidst the short term chaos is the hope that Bitcoin and other cryptocurrencies will become mainstream investment options through Coinbase, Nasdaq and Bakkt.
Coinbene agrees to list, for free, any coin which is voluntarily de-listed from HitBTC. Any other exchanges willing to fight corruption?? If so . . . Join the McAfee Alliance.
🗣John McAfee, crypto investor, enthusiast, creator of McAfee antivirus software.
🗣John McAfee, crypto investor, enthusiast, creator of McAfee antivirus software.
