There are so many benefits to using a cryptocurrency, that it would seem foolish to neglect such an invention. For example, it allows you to send money anywhere in the world in an instant, with basically no fees involved. Everyone can be included in the financial system, it will change the way we interact with money, it can prevent fraud, and much more.
Wednesday, January 31, 2018
Bitcoin is heading for its biggest monthly decline since January 2015
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Blockchain Platform to Offer Effective Identity Management and Enhance KYC Procedures
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Bitcoin catches its breath around $10100 after falling under a key trend line
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South Korea Finds Nearly $600 Million in Crypto Crime
Reports from the 대한민국 Republic of South Korea (ROK) indicate its Customs Service announced on Wednesday, 31 January 2018, it has discovered “cryptocurrency crimes” which amount to nearly 600 million USD.
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South Korea Customs Service Finds Almost $600 Million in Cryptocurrency Crime
ROK Customs Service released a statement claiming to have “uncovered cryptocurrency crimes worth 637.5 billion won ($594.35 million),” according to Reuters. Evidently, it includes illegal foreign exchange trading, a statement released by the country’s customs service said on Wednesday.
Korean Customs Service’s (KCS) charter includes keeping “our society safer from illegal foreign transactions,” its website notes. Reporting on the incidents mention South Korean investors gobbling up almost 2 billion won in cryptocurrencies. Supposedly tokens and coins were then sent abroad through “virtual wallets,” only to be brought back in the form of fiat currencies “which amount to unrecorded capital outflows,” according to Reuters.
The statement continued, “Customs service have been closely looking at illegal foreign exchange trading using cryptocurrency as part of the government’s task force.” Reuters further explained, “Illegal foreign currency trading of 472.3 billion formed the bulk of the cryptocurrency crimes, Customs said, but gave no details on what action authorities were taking against the rule breaches.”
“Among other breaches,” the report continued, “Customs said there were also cases where investors in Japan sent their yen worth 53.7 billion won to their partners in South Korea for illegal currency trade.” This series of events comes at the end of a very hectic few months for the peninsular East Asian nation. Yesterday, US regulators in New York requested trading data on cryptocurrencies. New regulations regarding cryptocurrency exchanges took effect as well, essentially eliminating anonymous trades.
Wait and See
Even the Republic’s chief of state recently issued guidelines concerning public officials and their involvement in crypto. There has been a multi-pronged approach to limiting, if not outright ending, foreign participation in exchanges, which included South Korean card companies.
Ecosystem markets were rocked at the end of the year when fears arose cryptocurrencies would be banned outright. It turned out to be just a minister spouting off, but that unleashed a wave of dips in prices, and it spurred domestic protests to essentially leave cryptocurrencies alone.
As East Asia’s fourth largest economy, South Korea punches above its weight in the crypto world, clearly. “The customs office added that it would continue to monitor the use of cryptocurrencies in cases like illegal currency trading or money laundering,” Reuters explained. No word yet as to how the market will absorb this current controversy.
How do you think markets will respond to the South Korean crime news? Let us know in the comments section below.
Images courtesy of Pixabay, KCS.
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The post South Korea Finds Nearly $600 Million in Crypto Crime appeared first on Bitcoin News.
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Bitcoin latest: Facebook bans all ads promoting cryptocurrency amid fears they are used for fraud
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Bitcoin Is the New Gold
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PR: All Crypto – Friendly Venues Are Finally Listed in One App – CryptoFind
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
CryptoFind App by GRAFT Blockchain discovers nearby venues that accept cryptocurrencies as payment. Basically, it’s a self-spreading network, linking crypto-savvy buyers and merchants.
For the very first time, all businesses that accept crypto will be listed and curated on one global map. While CryptoFind is made by GRAFT Blockchain, it’s not exclusive to GRAFT-enabled locations. It maps venues that accept any cryptocurrency via different methods (Mobile PoS, Wallet to Wallet, Partner Credit Card Terminals).
CryptoFind is mutually beneficial for users and merchants. Users earn rewards by persuading businesses to accept cryptocurrencies and enlist in the app, while merchants expand their client base by serving crypto-savvy buyers. Moreover, both contribute toward cryptocurrency entering the mainstream.
Benefits for Users
Instant transaction. Pay with crypto on the go.
No fees to the buyers. Even for small purchases.
Crypto variety. Use your favorite cryptocurrency.
Benefits for Merchants
Service new loyal clients. Crypto-savvy buyers prefer crypto-friendly venues.
Accept major cryptocurrencies. Deal with proven crypto.
Additional PR. Your location is added to the app’s map.
GRAFT Blockchain team comments: “The launch of the CryptoFind App is a decisive step towards taking cryptocurrencies mainstream. Merchant support is the final frontier in cryptocurrency adoption and a key to providing liquidity and stability to the market”
CryptoFind is currently available on the App Store with Android version scheduled to be released within a week.
———————————————————-
GRAFT Blockchain is a first global, open sourced, payment blockchain designed for the Point-of-Sale. GRAFT blockchain is live, running MainNet starting September 15, 2018, offering opportunity to miners. GRAFT coin (GRFT) will be available on exchanges in February / March time frame, and is currently in the final stages of a successful ICO.
———————————————
More information about the GRAFT Blockchain
www.graft.network
Contact Email Address
media@graft.network
Supporting Link
https://www.graft.network/cryptofind/
This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
The post PR: All Crypto – Friendly Venues Are Finally Listed in One App – CryptoFind appeared first on Bitcoin News.
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Bitcoin Today: Price Edges Lower Near $10K, Intel Reveals Blockchain 'Sawtooth'
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Hyperledger Releases Sawtooth 1.0
Hyperledger is a collaborative cross-industry effort to advance blockchain technology that is hosted by The Linux Foundation. Today, January 30, 2018, sees the release of Sawtooth 1.0, the second active Hyperledger project to reach 1.0, following Hyperledger Fabric 1.0 in July 2017.
Sawtooth is a modular platform for building, deploying and running distributed ledgers using a new consensus algorithm, Proof of Elapsed Time (PoET), which targets large distributed validator populations with minimal resource consumption. Sawtooth was originally contributed by Intel and saw its graduation from “Incubation” to “Active” status in May 2017.
"We’re beyond excited to see not one but two of Hyperledger’s active projects hit 1.0,” said Brian Behlendorf, executive director of Hyperledger. "This is a huge testament to the strong collaboration of our growing community - I look forward to seeing even more products and services being powered by Hyperledger Sawtooth later this year.”
Sawtooth 1.0 introduces a number of new enterprise features:
- On-chain governance – Utilizing smart contracts to vote on blockchain configuration settings such as the allowed participants and smart contracts.
- Advanced transaction execution engine – Processing transactions in parallel to accelerate block creation and validation.
- Support for Ethereum – Running Solidity smart contracts and integrating with Ethereum tooling.
- Dynamic consensus – Upgrading or swapping the blockchain consensus protocol on the fly as networks grow, enabling the integration of more scalable algorithms as they are available.
The new design enables parallel execution of code for better performance. It also enforces complete separation between the core blockchain and the apps, such that apps can be written in just about any language. This enabled the Sawtooth team to integrate the Hyperledger Burrow EVM as an application they call Seth, a combination of Sawtooth and Ethereum.
Some companies working on or with Sawtooth include Active Ticketing PLC, Amazon Web Services (AWS), dotBlockchain Media, Cisco, Huawei, Monax, The Open Music Initiative, PokitDok, Primechain Technologies, State Bank of India, T-Mobile, Wind River and Filament.
“Our customers are looking to build scalable blockchain solutions for use cases across multiple industries,” said Matt Yanchyshyn, director of Solutions Architecture, Amazon Web Services. “Providing Sawtooth as a turn-key product running on Amazon Web Services (AWS) allows our customers to deploy their own blockchains in a matter of minutes, while reducing the time it takes to run blockchain-based solutions on AWS.”
This article originally appeared on Bitcoin Magazine.
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Sberbank to Bypass Russian Regulations and Trade Cryptocurrencies Overseas
The largest bank in Russia, the state-owned Sberbank, has reportedly announced its plans to bypass the Russian cryptocurrency regulations and offer crypto trading to customers overseas. The bank is looking at trading pairs of the most liquid and well-known cryptocurrencies.
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Bypassing Russian Regulations
At a news briefing on Tuesday, Sberbank’s Head of Global Markets Andrey Shemetov said that the bank “plans to start trading cryptocurrencies outside Russia in order to avoid violating domestic rules,” Reuters reported. Sberbank is the largest bank in Russia and third largest in Europe. It is majority-owned by the Russian government.
According to Shemetov, “Russian laws bar Sberbank from trading cryptocurrencies.” However, “the state-controlled bank wants to be able to serve clients in what is a popular market for some investors,” the news outlet explained. “That’s why we think that we need to have a strategic access to these products,” he told reporters. Tass then quoted him emphasizing:
In Russia, we cannot trade [cryptocurrency], but we want to satisfy the interests of clients, and we believe that we must have access to a wide range of products.
The Russian finance ministry recently published the draft law on the regulation of digital assets in Russia including cryptocurrencies. This bill is expected to enter into force in September.
The Swiss Operation
Sberbank’s solution for crypto trading is its branch in Switzerland called Sberbank (Switzerland) AG, headquartered in Zurich. Shemetov revealed that the bank’s Swiss subsidiary is creating “an infrastructure for trading in cryptocurrencies,” Tass reported. He clarified, “We completely build the trading infrastructure so that we can open our own positions and give customers service, that is, buy and sell for clients,” reiterating:
Swiss laws allow cryptocurrency trading, and we are working on infrastructure to start offering these services through our Swiss subsidiary.
Initially, “The product will be available only to legal entities,” Ria Novosti detailed. Shemetov noted, “The product is very risky, the volatility is very high, so we will not provide these services to a large number of customers,” adding:
We are looking at all of the cryptocurrency pairs that are the most liquid, [and] their names are known. We will see what’s interesting to the clients, where is some liquidity…Obviously, we will not go into a low-liquidity crypto.
In November of last year, Sberbank bought up a lot of graphics cards that can be used for cryptocurrency mining, causing a shortage of these products on the Russian market. The bank said at the time that these cards were for its “laboratory of artificial intelligence.”
The president and chairman of the board of Sberbank, Herman Gref, said earlier this month at the annual Gaidar forum, as reported by local media, “Cryptocurrencies cannot be banned, it’s a wonderful new technology which has not yet been fully captured and studied.”
What do you think of Sberbank offering cryptocurrency trading outside of Russia? Let us know in the comments section below.
Images courtesy of Shutterstock.
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The post Sberbank to Bypass Russian Regulations and Trade Cryptocurrencies Overseas appeared first on Bitcoin News.
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BitcoinTV: by BitcoinMeister on YouTube
A fake news story about Tether causes all sorts of crypto panic and weak hands sell. Rookie mistakes all around that vets are laughing at. I have been through this before. Have a strong hand. Instead of gambling on the Super Bowl you should buy and hold Bitcoin. More mining competition thanks to Samsung! Always be alert when it comes to scams and emails you receive. Crypto-ratings are glorified power rankings type of gimmicks. A way to keep Zclassic relevant? http://ift.tt/2qm5uKe https://twitter.com/GKBoris/status/958313189434785792 http://ift.tt/2nuQOFx https://twitter.com/WhalePanda/status/958405028947091456 Weak hands- https://twitter.com/SatoshiLite/status/958405751810113536 Tether FUD- http://ift.tt/2FvRTEB Dec 6th- https://twitter.com/iamjosephyoung/status/958423352934199298 Bitmain mining equipment competition- https://twitter.com/iamjosephyoung/status/958287126415593472 Scams- http://ift.tt/2DPWLYX Keep ZCL relevant? http://ift.tt/2rTyBaq Taipei Event Feb 1- http://ift.tt/2DOZsZZ Monday's show- https://www.youtube.com/watch?v=LEAz88so60Y Sunday's show- https://www.youtube.com/watch?v=52aSyt079sQ Saturday's show- https://www.youtube.com/watch?v=RAG7QPOjNHk This week in Bitcoin- https://www.youtube.com/watch?v=AomZtgzsOqk Thursday's show- https://www.youtube.com/watch?v=ip_4MvJmaCA Wednesday's show- https://www.youtube.com/watch?v=tmUrG1s9txE WCN Podcast- http://ift.tt/2zQBVW7 Bitcoin people you need to know- https://www.youtube.com/watch?v=YuWlWnJqHn4 Birth of the Crypto-dividend- https://www.youtube.com/watch?v=rg86clOEd3A Email the Disrupt Meister intern- clark@disruptmeister.com and tell us why you want to be an intern! -------------------------------------------------------------------------------------- CryptoHWwallet affiliate link- http://ift.tt/2pynGy4 "MeisterFreeHW1Over200" This is the coupon that is for people who spends over $200 (exclude shipping) to get a free H.W1. Ledger hardware wallet. Limit 10 pcs only coupon use at first, first come first serve basis only. 1 per customer for up to 10 uses. BUY Cryptograffiti shirts here and use the "Meister" discount code to get 10% off anything in the store! http://ift.tt/2wQKAm7 UPVOTE THIS- http://ift.tt/2BDbwIt Buy your Bitcoin Trezor storage device here: http://ift.tt/2l8wT08 Buy Bitcoin at Coinbase here: http://ift.tt/2frK5re CryptoHWwallet affiliate link- http://ift.tt/2pynGy4 Adam's Twitter- https://twitter.com/TechBalt Adam's Minds- http://ift.tt/2r6vSJk Support the cause if you like what I have to say: BTC: 3HZngc6ASzt3deDm582u8xJRFAwmz7YTwG ETC: 0xb28CD007E0495b34BA6030859030322b7bE8422B Monero: 49broKTMLfFBZtzFFWptyqbuTF4rm7Pp6HZj4ReRuKQf3Z6uFjCbWgs6n4ymX5aYTsczoELGd3vYSD4XUQrjvy3S5qTsN3s LTC: LQm55H4oUCoVPiBd25A4v2jHXLtC9oo9Jg ETH: 0x0feb7bCd89C4Ea0c14FC7D94b9afBDE993034AD5 DASH: Xjcpo8Lh6NKQoV3F12pGpXUiK4XRoQyudN Decred: Dsoq2ZPcqQDj5TSBLMAFX2SxCMHaYFnDty4 BGold: AN6p1tD2KwRKvhiinprN9wCqGe4KUqPsY5 My latest Steemit post: http://ift.tt/2BDbwIt My Steemit page: http://ift.tt/2eAQkeJ https://www.youtube.com/c/BitcoinMeister http://ift.tt/2fIBPWR Value of every cryptocurrency- http://ift.tt/2k3W6aj Watch more of my Bitcoin videos here: https://www.youtube.com/playlist?list=PLLgyAakZPtCVQKl6naVHUfOiICFG8BYMp Adam Meister is available for an hour long Bitcoin/cryptocurrency consultation where he can walk you through the Trezor installation process and help you move your Bitcoins to the Trezor. He will answer all your questions in that hour. Trezor is just one Bitcoin topic that Adam can help you with, you can ask his advice on anything cryptocurrency related. From marketing and promotion to Altcoins to storage and the buy and hold philosophy. Adam's hourly rate is 0.11 Bitcoin. Feel free to email: Adam AT TrezorHelp DOT com to set up a Skype/phone consultation or to arrange an in person appearance or speaking engagement. Adam is available to speak at conferences around the world. Follow Adam on Twitter here: https://twitter.com/TechBalt Buy your Bitcoin Trezor storage device here: http://ift.tt/2zPV8aW
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On Blockchain, Money and Empathy: EdSurge Talks Trends and 2018 Predictions
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AdLedger Announces Members, First Initiative For Blockchain
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Cryptocurrency-Friendly Regulations in Belarus Could Attract Foreign Capital and ICOs
At the end of 2017, Belarus President Alexander Lukashenko signed a “Digital Economy Development Ordinance,” aimed at developing the country’s IT sector and attracting blockchain technology companies, capital and talent from all over the world.
“Belarus becomes the first state in the world which opens up broad opportunities for the use of the blockchain technology,” said Lukashenko. “We have all opportunities to become a regional center of competence in this field.”
According to the Belarus News Agency, the new ordinance gives “a serious competitive edge” to the country in the creation of a 21st-century digital economy. It provides friendly conditions and simplified regulations for resident companies of the Hi-Tech Park (HTP), a cluster for innovative IT. Belarus promotes the HTP as a special economic zone with a special tax and legal regime.
In particular, Belarus wants to offer comprehensive regulations for business based on blockchain technology, as well as legalize cryptocurrencies, Initial Coin Offerings (ICOs) and smart contracts at the national level. The Digital Economy Development Ordinance is expected to come into force in March 2018, three months after its publication.
“Now, the people of Belarus can list and promote ICOs, create and sell cryptocurrencies, establish cryptocurrency exchanges and do other operations with digital money,” reported RT. Foreign businesses will be able to take advantage of the country’s simplified and permissive regulations by registering a local company. It’s worth noting that many transactions with crypto tokens will not be taxed and will be exempt from VAT until 2023.
According to Reuters, the decree is designed to attract cryptocurrency ventures seeking to escape cryptocurrency and ICO regulations, which are becoming more and more restrictive in the rest of the world. “The decree is a breakthrough for Belarus,” Anton Myakishev, the head of Microsoft’s Belarus office, told Reuters. “It gives the industry the possibility to make a leap forward in its development and allows foreign capital the possibility to come to Belarus and work in comfortable conditions.”
“I am firmly convinced that the effect will be huge,” Mikhail Myasnikovich, chairman of the Council of the Republic of Belarus' National Assembly, noted in a national television interview, adding that Belarus has become the first country in the world to adopt comprehensive business regulations for blockchain-based cryptocurrencies, smart contracts and ICOs.
“As far as I know, we are pioneers in this field,” said Myasnikovich. “No country has ever said with such certainty that it is ready to work towards setting up an analogue of an international financial or currency center. The decree describes every process in detail, namely registration, turnover and taxation.”
“Our country enables a legal environment for using the blockchain,” said IT businessman Viktor Prokopenya. “This technology can be compared with internet development in the 1990s. The web has transformed many professional fields. So will the blockchain.” Prokopenya added that the new ordinance doesn’t go as far as recognizing cryptocurrencies as a means of payment in Belarus, but recognizes cryptocurrency mining as a legitimate business activity.
According to an opinion piece published in The Washington Post, titled “Why would authoritarian Belarus liberalize cryptocurrencies?,” permissive cryptocurrency regulations in Belarus could force Russia to follow suit. Russian Deputy Finance Minister Alexei Moiseev acknowledged that heavy cryptocurrency regulation in Russia could encourage the outflow of ICOs from Russia into the neighboring country.
It seems plausible, in fact, that if even a few countries introduce crypto-friendly regulations that allow businesses to do things they couldn’t do at home, the world’s most innovative companies would move to those countries. This could force other countries to adopt crypto-friendly regulations themselves, creating a powerful domino effect.
This article originally appeared on Bitcoin Magazine.
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Donate Bitcoin: 3NqhJSAikoFiYmZm3ACGzdw9Lr86ZiLT7K Support the Show: http://ift.tt/2pyyM8u Listen to WCN Audio Podcasts: http://ift.tt/2zjirWG Call Us LIVE! SKYPE WorldCryptoNetwork Check out the brand new http://ift.tt/1kez5IZ Follow WCN on Twitter: https://twitter.com/WorldCryptoNet 10116.87 USD / BTC - Average United States Dollar Bitcoin Price http://ift.tt/2cpK2y7 http://ift.tt/1oi6ENn Joe Saluzzi on Twitter: "Bloomberg: Crypto exchange Bitfinex, tether said to get subpoenaed by CFTC" https://twitter.com/JoeSaluzzi/status/958397728324759552 Bitcoin Battered Below $10k After Bitfinex, Tether Subpoena'd | Zero Hedge http://ift.tt/2Fu9InF Dow Dumps 400 Points - Biggest Drop Since Brexit, VIX Tops 15 | Zero Hedge http://ift.tt/2nrsX9W 10059.99 Bitstamp BTC/USD - BitcoinWisdom http://ift.tt/1dwlAWD Joseph Young on Twitter: "Samsung will compete against Bitmain's ASIC chip supplier. It will use its foundry in its semi-conductor plant to manufacture bitcoin and cryptocurrency mining equipment. Important to note, Samsung has one of the largest semi-conductor plants. https://t.co/d6HMOgZAdM" https://twitter.com/iamjosephyoung/status/958315368744759296 Samsung is Manufacturing ASIC Chips For Bitcoin Mining http://ift.tt/2npCga9 Trace Mayer on Twitter: "@nvidia asks retailers to sell GPUs to gamers not cryptocurrency miners. GPU cards today; electricity tomorrow. Except electricity infrastructure highly regulated & price controls. Means what? Shortages & rationing. No fun during winter! Have your own. https://t.co/6F5bJLwfUO… https://t.co/DuYzj0I3dP" https://twitter.com/TraceMayer/status/955274018839564288 Cash App on Twitter: " https://twitter.com/CashApp/status/958339191200415745 Kyle Torpey on Twitter: "The Pineapple Fund donated $1 million worth of #bitcoin to the Free Software Foundation (@fsf).… " https://twitter.com/kyletorpey/status/958224119044149250 Kyle Torpey on Twitter: ""The agency froze crypto assets" Someone is bitcoining wrong.… " https://twitter.com/kyletorpey/status/958374725180325888 Charlie Shrem on Twitter: "Tell me this isn’t the coolest thing ever! @FuzeX_co… " https://twitter.com/CharlieShrem/status/958354286185992192 CNBC on Twitter: "More than 1 million people sign up for early access to Robinhood's new crypto trading service https://t.co/NZGSlaoOOO" https://twitter.com/CNBC/status/958096504429907970 Pavol Rusnak stick on Twitter: "As usual, @coinbase shows its incompetence in big style. While there are transactions with fee as low as 1 sat/byte being mined right now, they still use non-Segwit transactions with fees over 100 sat/byte. DON'T USE COINBASE!" https://twitter.com/pavolrusnak/status/958276016883060736 SwiftOnSecurity on Twitter: "Adobe has an entire section on their website where they get all pissy about photoshop as a verb, and it's hilarious. https://t.co/w4w4KE2Xq5" https://twitter.com/SwiftOnSecurity/status/693488484615483395 Chris Bolman on Twitter: "the @Strava data privacy f*ck up is bad, but beyond that, it's one of the most prominent public examples of a very scary and important point: we are no longer able to reliably predict the consequences of the tech we create and the data it captures https://t.co/qPdPhnEKat" https://twitter.com/ChrisBolman/status/958335653833592837
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BitcoinTV by World Crypto Network on YouTube
Donate Bitcoin: 3NqhJSAikoFiYmZm3ACGzdw9Lr86ZiLT7K Support the Show: http://ift.tt/2pyyM8u Listen to WCN Audio Podcasts: http://ift.tt/2zjirWG Check out the brand new http://ift.tt/1kez5IZ Follow WCN on Twitter: https://twitter.com/WorldCryptoNet 10116.87 USD / BTC - Average United States Dollar Bitcoin Price http://ift.tt/2cpK2y7 http://ift.tt/1oi6ENn Joe Saluzzi on Twitter: "Bloomberg: Crypto exchange Bitfinex, tether said to get subpoenaed by CFTC" https://twitter.com/JoeSaluzzi/status/958397728324759552 Bitcoin Battered Below $10k After Bitfinex, Tether Subpoena'd | Zero Hedge http://ift.tt/2Fu9InF Dow Dumps 400 Points - Biggest Drop Since Brexit, VIX Tops 15 | Zero Hedge http://ift.tt/2nrsX9W 10059.99 Bitstamp BTC/USD - BitcoinWisdom http://ift.tt/1dwlAWD Joseph Young on Twitter: "Samsung will compete against Bitmain's ASIC chip supplier. It will use its foundry in its semi-conductor plant to manufacture bitcoin and cryptocurrency mining equipment. Important to note, Samsung has one of the largest semi-conductor plants. https://t.co/d6HMOgZAdM" https://twitter.com/iamjosephyoung/status/958315368744759296 Samsung is Manufacturing ASIC Chips For Bitcoin Mining http://ift.tt/2npCga9 Trace Mayer on Twitter: "@nvidia asks retailers to sell GPUs to gamers not cryptocurrency miners. GPU cards today; electricity tomorrow. Except electricity infrastructure highly regulated & price controls. Means what? Shortages & rationing. No fun during winter! Have your own. https://t.co/6F5bJLwfUO… https://t.co/DuYzj0I3dP" https://twitter.com/TraceMayer/status/955274018839564288 Cash App on Twitter: " https://twitter.com/CashApp/status/958339191200415745 Kyle Torpey on Twitter: "The Pineapple Fund donated $1 million worth of #bitcoin to the Free Software Foundation (@fsf).… " https://twitter.com/kyletorpey/status/958224119044149250 Kyle Torpey on Twitter: ""The agency froze crypto assets" Someone is bitcoining wrong.… " https://twitter.com/kyletorpey/status/958374725180325888 Charlie Shrem on Twitter: "Tell me this isn’t the coolest thing ever! @FuzeX_co… " https://twitter.com/CharlieShrem/status/958354286185992192 CNBC on Twitter: "More than 1 million people sign up for early access to Robinhood's new crypto trading service https://t.co/NZGSlaoOOO" https://twitter.com/CNBC/status/958096504429907970 Pavol Rusnak stick on Twitter: "As usual, @coinbase shows its incompetence in big style. While there are transactions with fee as low as 1 sat/byte being mined right now, they still use non-Segwit transactions with fees over 100 sat/byte. DON'T USE COINBASE!" https://twitter.com/pavolrusnak/status/958276016883060736 SwiftOnSecurity on Twitter: "Adobe has an entire section on their website where they get all pissy about photoshop as a verb, and it's hilarious. https://t.co/w4w4KE2Xq5" https://twitter.com/SwiftOnSecurity/status/693488484615483395 Chris Bolman on Twitter: "the @Strava data privacy f*ck up is bad, but beyond that, it's one of the most prominent public examples of a very scary and important point: we are no longer able to reliably predict the consequences of the tech we create and the data it captures https://t.co/qPdPhnEKat" https://twitter.com/ChrisBolman/status/958335653833592837
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With FEAR that Bitcoin's bear market trend will significantly worsen, Andy Hoffman of CryptoGoldCentral.com speaks of why optimism , community, and strong hands must prevail - as the most impactful innovation of our lifetimes continues to explosively grow, with a market valuation way undervaluing where it is, and where it's going. Ignore the FUD, from both within, and without, the Bitcoin community!
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BitcoinTV by KRBECrypto on YouTube
Tuesday, January 30, 2018
Bitcoin boom to give AMD earnings a boost, says MKM Partners
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$10K Exposed? Bitcoin Bulls Fail to Defend Price Floor
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Bitcoin price BOOST: The 1000 year old business joining Cryptocraze with a KEY difference
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Bitcoin exchange robbed by real-life bank robbers with real-life guns
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Blockchain Security A Moving Target For Both Developers And Hackers
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Over 1 Million People in Line for Robinhood’s Bitcoin Trading App
Young Americans are signing up in droves to a new cryptocurrency trading service, showing the massive unmet demand in the market for more bitcoin trading venues. Cryptocurrencies are coming soon to the Robinhood platform and traders appear to be following them in anticipation.
Also Read: Vegetables on a Blockchain ICO Exit Scams After Paying People to Write On Their Bodies
Robinhood Hits the Bullseye
Over a million people are already waiting in line to get early access to bitcoin and cryptocurrencies trading service by Robinhood Markets, according to its launch website. The Palo Alto-headquartered US stocks brokerage app has just announced the upcoming service a few days ago.
To put things in perspective, Robinhood has an estimated user base of only about 3 million people, which means it could grow by as much as 33% by adding cryptocurrency trading or that a third of its clientele will switch to bitcoin. Of course this will not happen immediately as the company will only start rolling out the service in February to a limited number of American states.
The service will initially begin with commission-free BTC and ETH trading in California, Massachusetts, Missouri, Montana, and New Hampshire. It already offers market data on 16 cryptocurrencies in the form of bitcoin, ethereum, bitcoin cash, litecoin, ripple, ethereum classic, zcash, monero, dash, stellar, qtum, bitcoin gold, omisego, neo, lisk and dogecoin.
Stealing Users from the Rich
When it was launched in 2013 with financial backing from Google Ventures, Andreessen Horowitz and other, many analysts saw Robinhood as an early attack by Silicon Valley against Wall Street. It was speculated to be a precursor of a larger assault by tech giants against the entrenched stock brokerages, which largely didn’t materialize. Now it could be bringing disruption to a whole new industry – cryptocurency exchanges.
The major trading venues in the bitcoin world have been suffering from an inability to handle the influx of new customers throughout the 2017 rally, leading to withdrawal delays, degenerated services and a lot of frustrated clients. At the same time the exchanges kept raking in incredible profits, with Coinbase alone reportedly making a billion dollars in revenue during the period. It would be fair to say the market is set for disruption, but it remains to be seen whether Robinhood, a company which isn’t famed for great customer service, is the one to achieve this.
Are you waiting in line to trade bitcoin with Robinhood or sticking with an exchange? Tell us what you think in the comments section below.
Images courtesy of Shutterstock.
Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.
The post Over 1 Million People in Line for Robinhood’s Bitcoin Trading App appeared first on Bitcoin News.
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PR: Viola.Ai Token Pre-Sale Sells out More Than 5 Days Ahead
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
SINGAPORE – The world’s first Love, Blockchain & AI driven Marketplace project, Viola.AI, has officially sold out its token pre-sale more than 5 days before its scheduled end date. Whitelist for the public sale is now open, as people continue to support Viola.AI’s mission of revolutionizing the love industry with the power of AI and Ethereum blockchain technology. 7.5 million tokens (not inclusive of bonus tokens) were sold out during the pre-sale, with contributors from over 100 countries.
CEO and Co-Founder of Viola.AI, Violet Lim said, “We are very humbled and thrilled by the response from supporters during this pre-sale. Viola.AI is a labour of love, a cumulation of our 13 years of experience in the dating and relationships industry with our mission of changing the world one relationship at a time. The strong support for our pre-sale from the global community is a testament of the positive reception to Viola.AI, the only project to date that caters not just to dating but across the entire relationship lifeline of a user. We look forward to continue the momentum in the public sale as we establish our footprint on the international stage.”
The first project that combines love with blockchain, Viola.AI, was created by the team behind Lunch Actually Group which has over 13-years of proven success record and over 1.4 million members. The Group has successfully brought together over 3,500 successful couples to date and has a strong regional presence in Asia. Equipped with Real-ID Verification system that is done with blockchain technology to combat scams and cybercrimes, Viola.AI promises to be the most successful and smartest A.I to create a global and borderless full loop solution from dating, courtship, relationship to marriage. VIOLA tokens will be used in the Marketplace to purchase goods and services from merchants, rewarding scheme, advertising, and more. And with Smart Contracts in place, merchants and community members are assured that their commission, referral bonuses as well as revenue shares would be paid as the process is “trustless”.
During the pre-sale, Viola.AI has received huge contribution from cryptocurrency based crowdfunding platform FundYourselfNow (FYN) who has successfully garnered a pool of supporters who believed in the project.
FundYourselfNow (FYN), launched in October 2017 aims to offer entrepreneurs and creators to post both non-ICO and ICO projects on their website and raise funding in crypto (or cash in selected countries). The FYN team is a proven seasoned player in the ICO scene and have successfully assisted in pre-sale and token sales for several projects since its inception last year. FYN is often referred to as Kickstarter 2.0.
Kenneth Tan, Co-founder of FYN who also sits on Viola.AI Advisory Board said, “I’ve taken interest in this project since I met the co-founders Jamie and Violet and heard about their plans and vision. What is exciting for us is that this project has generated a lot of interest within our own community, the blockchain ecosystem and the media. I am excited and glad to help take this project to reach their pre-sale hard cap ahead of time. We believe the Viola.AI project will do well in its public sale on the 14th Mar 2018 based on such a good start and we are excited to be part of the journey.”
Integrating VIOLA tokens to existing Lunch Actually Group platforms
Unlike other cryptocurrencies which are created for projects that are still being developed, Viola.AI has the advantage of being able to integrate VIOLA tokens within an already existing ecosystem of 10 dating platforms comprising of 4 dating apps, 2 online sites and 4 offline services with more than 1.4 million members in 5 countries in Asia. Viola.AI will be trained firstly by the past accumulation of 1.1 billion data points which is critical to developing the AI Love Advisor.
Last chance during Public Sale on 14 March 2018
Supporters can get their hands-on VIOLA tokens during the public sale, scheduled for 14 March 2018 at 12:00 PM.
The public sale will run until 13 Apr 2018 or earlier (if sold out ahead of time).
Interested participants can join the Whitelist from now until the start of public sale.
The MVP of Viola.AI is targeted to be launched in May 2018, and the team is currently in talks with multiple cryptocurrency exchanges to get VIOLA tokens listed.
VIOLA tokens will be issued 7 days after the end of ICO, and is a utility token that can be used in many ways within the Viola.AI ecosystem, including:
• Payment for good and services for singles and couples
• Advertising fee payment by merchants and experts
• Community rewards for good advice or content posted by users in the community
• Referral commission to incentivize growth
• Gamification rewards
Adding on to the project’s success so far, Violet said, “We have spent the last 1.5 years working on the concept of Viola.AI and actively seeking out advisors, getting feedback from the ground and designing features that singles and couples actually would want and need. Combined with our strong commitment to the industry as well as our proven team, I believe that is the reason Viola.AI has resonated so well with the community.”
Viola.AI will be the world’s first Lifetime Love AI, which will evolve her role to help people in the stages of dating, couple-hood to marriage: helping people find love, helping romance blossom, and helping sustain the relationship right till their twilight years.
The demand in the pre-sale is a strong indication that Viola.AI is a solution to combat the problems that have been plaguing the dating industry – which every single and couple needs.
For more information and to join the Whitelist, visit www.viola.ai
Join the discussion on Viola.AI Telegram: https://t.me/ViolaAI
**END**
About Viola.AI
Viola.AI is an ever-improving, decentralized and secure A.I. Driven Marketplace that gives data-driven advice, recommendations, concierge and matches to helps singles to be effective and efficient in finding love while also helping couples to sustain and better their relationships with their significant other.
Contact Email Address
christina@viola.ai
Supporting Link
www.viola.ai
This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
The post PR: Viola.Ai Token Pre-Sale Sells out More Than 5 Days Ahead appeared first on Bitcoin News.
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