Current Bitcoin Price

Wednesday, January 31, 2018

Bitcoin is heading for its biggest monthly decline since January 2015

Bitcoin is headed for its worst monthly decline since January 2015 this month amid increasing scrutiny from regulators on the cryptocurrency space. At 12:30 p.m. London time (7:30 a.m. ET), bitcoin was trading at around $10,249.56, according to CoinDesk, which tracks the price of the cryptocurrency ...

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Blockchain Platform to Offer Effective Identity Management and Enhance KYC Procedures

Blockchain technology has enabled the possibility of data control and proper identity management by their real owners. It is this technology that Persona, a start-up, has employed in order to ensure that users achieve hassle-free identity management, signing-on for all websites through its single channel.

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Davos Elites Still Don't Get Blockchain

There, they were served valuable insights into how this technology works but also, perhaps, a realization that blockchain technology's promises of decentralized record-sharing and disintermediated trust have sweeping implications for everything from payments, international development and financial ...

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The Blockchain That Could Disrupt Google's Ad Monopoly

For the most part, everyone I talk to (who is not an engineer) doesn't really get what blockchain is and how it can actually be used (besides as a currency). To those of you who are unaware that there is any other purpose for blockchain, it is important to note that while the press has focused on the 1300% ...

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A Subpoena to Bitfinex and Tether Made Bitcoin Price Fall Under $10,000 Threshold



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Bitcoin Is Back Above $10K But Gains Could Be Short-Lived

Bitcoin is back above $10,000, but the gains could be short-lived, the price charts indicate. Having breached key support yesterday, prices on CoinDesk's Bitcoin Price Index (BPI) fell to a two-week low of $9,627.89 at 01:14 UTC today. In the last few hours, bitcoin (BTC) has managed to regain some ...

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Bitcoin catches its breath around $10100 after falling under a key trend line

No. 1 cryptocurrency bitcoin showed little change early Wednesday, pausing after the prior day's drop that briefly took it under $10,000. Bitcoin BTCUSD, -0.55% was changing hands at $10,134, roughly where it was late Tuesday. The virtual currency is down about 28% for the month with one session to ...

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Samsung is making chips designed to mine cryptocurrencies like bitcoin

Mining is a process that requires super computers to solve complex mathematical problems in order to validate a transaction on the bitcoin network. It requires specialist hardware and chipsets. It is this that Samsung can make. The firm's semiconductor division has propelled profits and helped boost ...

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Listen to Our New Energy Blockchain Podcast Segment, 'Consensus'

We'll bring a blockchain-related topic that we don't understand -- a term, a business model, or an application -- and present it to GTM's resident blockchain enthusiast, Scott Clavenna, to see if he can help us out. Hopefully we'll reach consensus. In this week's segment, we're bringing two questions to ...

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Blockchain technology to boost Microsoft earnings, trader says

Microsoft is set to report quarterly earnings Wednesday after the bell, and one trader is bullish on the name in part because of the tech giant's foray into the world of blockchain technology. The stock, which hit an all-time high Monday, looks well-positioned into earnings, said Michael Bapis, partner and ...

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South Korea Finds Nearly $600 Million in Crypto Crime

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.

Also read: Nassim Nicholas Taleb vs David Birch on The Bitcoin Standard

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.

South Korea Finds Nearly $600 Million in Crypto Crime

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.  

South Korea Finds Nearly $600 Million in Crypto Crime

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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Bitcoin latest: Facebook bans all ads promoting cryptocurrency amid fears they are used for fraud

The site's new policy is just the latest expression of concern that the rising price and interest in bitcoin is allowing malicious scammers to try and defraud people interested in investing in cryptocurrencies. Facebook said it had found a huge number of people using the site to advertise misleading and ...

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Bitcoin Is the New Gold

[Bitcoin] transaction confirmation times have risen substantially; this, in turn, has led to an increase in the failure rate of transactions. … By the time the transaction is confirmed, fluctuations in Bitcoin price mean that it's for the “wrong” amount. ... Furthermore, fees have risen a great deal … making Bitcoin ...

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Samsung Is Now Building Bitcoin Mining Chips, Report Says

In December, The Investor – another South Korean news outlet – reported that Samsung had partnered with a Russian bitcoin mining company called Baikal to produce ASICs, the production of which was also set to commence in January. Samsung's shift toward manufacturing processors for the crypto ...

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AVM Awesome Bitcoin Vending MachineOpen Source Tow Way ATM

DIY: How to make an ATM PIGGY BANK #2- Easy-to-Make - Just 5 mins Check detail of measurements here: http://dudostuff. This move will add to the number of two-way Bitcoin ATMs in Vietnam,. May 22, 2014 This comes from BitSent Inc. . Dictionary Translator for Umbraco - Simple but Cool Silverlight ...

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Cryptocurrency Exchange Australia Buy and Sell Bitcoin Australia

Cryptocurrency Exchange Australia Buy and Sell Bitcoin Australia. No posting referrals. . 5 to 4 percent fees in the US. The Coinbase exchange has a 1% flat fee for each purchase, while cryptocurrency deposits and withdrawals are done without any fees. Each exchange charges slightly different fees, ...

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Top 10 Freelance Blockchain Designers for Hire Near Miami, FL

Toptal offers top Blockchain designers near Miami, FL on an hourly, part-time or full-time contract basis. Clients include JPMorgan, Airbnb and Pfizer.

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Innovation Shares Rolls Out Blockchain-Investing ETF

Innovation Shares, a thematic exchange-traded funds (ETFs) company, has launched the Innovation Shares NextGen Protocol ETF (KOIN), touted as the first ETF utilizing artificial intelligence (AI) to identify and invest in blockchain-focused companies, including innovators and adopters. In an e-mail sent ...

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Coinfirm Gets Over 16k ETH in Token Sale and Adds Internationally Recognized Joey Garcia to Advisory Board



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Promise and peril: blockchain, Bitcoin and the fight against corruption

When looking at the potential of blockchain technology in anti-corruption efforts, it is important to separate it from bitcoin and other cryptocurrencies. As of now, blockchain is not typically used as a specific anti-corruption tool, but the permanence of data recorded in blockchains makes it resilient to ...

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Using blockchain, this company wants to make online gambling less of a gamble

And now, in the 21st century, it is bigger than ever thanks to the internet and online gambling. However, this $44 bln industry of online gambling alone, which shows no signs of stopping, is still evolving, and with the power of blockchain technology sweeping the different ecosystems, online gambling is ...

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The New "It" Blockchain Projects Investors Want to Fund

Speaking at the Blockchain Connect conference in San Francisco last week, investors struck a surprisingly nervous note on the recent wave of initial coin offerings (ICOs) and the eye-popping funding rounds they've secured. In fact, while ICOs and token-based blockchains have been touted as a way to ...

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Investors and Traders Trading Crypto Assets on Cryptoexchanges Face Multiple Problems



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Goldman Sachs inadvertently bought a stake in a bitcoin trading desk

Contrary to recent reports, Goldman Sachs CEO Lloyd Blankfein says the investment bank isn't starting a bitcoin trading desk (paywall). While the company provides services for clients who trade bitcoin derivatives, the executive said in an interview with CNBC that the bank isn't placing bets on crypto or ...

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A major social network is launching its own bitcoin exchange

It's the latest big name to get involved in the cryptocurrency industry, whose popularity exploded last year when bitcoin and other virtual coins soared in value. "Cryptocurrency exchanges are making fat profits right now," said Koji Higashi, a Japanese bitcoin entrepreneur and commentator. "Mainstream ...

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An amateur Turkish soccer team used cryptocurrency Bitcoin to acquire a new player

ANKARA, Turkey (AP) — A Turkish amateur league football club has transferred a player by paying him with Bitcoin, in what the club chairman said is the first signing of a player in cryptocurrency. Harunustaspor chairman Haldun Sehit told Turkey's state-run Anadolu Agency late Tuesday that the club ...

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Bitcoin is under pressure as the crypto selloff continues in Asia

Bitcoin is under pressure as the crypto selloff continues in Asia ... However, concerns around Tether's practices — specifically, whether USDT tokens have been artificially created out of thin air and used to push up Bitcoin's price — were exacerbated this week amid news that the company had recently ...

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Facebook Bans Ads for Bitcoin and Initial Coin Offerings

Facebook (FB - Get Report) said Tuesday it was banning advertisements for cryptocurrencies, initial coin offerings (ICOs) and binary options. According to a blog posting by Rob Leathern, Facebook Product Management Director, "there are many companies who are advertising binary options, ICOs and ...

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BitcoinTV: by The Cryptoverse on YouTube

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PR: All Crypto – Friendly Venues Are Finally Listed in One App – CryptoFind

CryptoFind Payment App by Graft

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.

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The future of hacking is decentralization — can blockchain spark innovation?

PolySwarm is a team of individuals with an extensive background in security and blockchain. They believe that the Ethereum blockchain has the potential to become a web of “good actors” from a variety of background—a network of the best private and public sector security experts—to crowdsource ...

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Brands and blockchain: How Walmart, Burger King and De Beers are snuggling up to ...

Blockchain can clean up the rampant ad fraud and rebuild trust, and more and more companies are popping up to help guide that along. However, it's not just technology companies that are embracing blockchain in its early stages. According to Juniper Research's Blockchain Enterprise Survey, ...

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Rfid blockchain

The Supernatural - God is NOT dead 49,300 views We succeeded to combine real world examples of RFID scanning and Blockchain with the Rapid Application Development platform Mendix, turning mere buzzwords into real Share with: Radio frequency identification and sensor technology company ...

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Record medic with blockchain - Daily UI Challenge 30/365

Daily UI challenge - 30/365. Service payment frequently. —— Always when I go to the medic or new hospital I have the same problem, always I need to do all the exam again, blood tests, ask for my record in other hospital , etc what happen if we use blockchain for create a unique medical record when ...

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Bitcoin Exchange Huobi to Open US Office

China-based Huobi, previously one of the country's largest cryptocurrency exchanges, plans to launch an office in San Francisco. Chief strategy officer Cai Kailong revealed the move at Blockchain Connect, the U.S.-China blockchain conference, on Jan. 26, saying he came to the U.S. the week prior to ...

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Venezuela Announces Whitepaper and Pre-Sale of Its Oil-Backed Cryptocurrency Petro

Podcast: How open science could benefit from blockchain

He gives the bigger picture of how blockchain is going to help science become more open and help remove the current bottlenecks in the scientific endeavour by increasing the connectivity, accessibility and storage of scholarly objects, such as research papers and databases, through metadata and ...

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Bitcoin Is Having Its Worst Month in Three Years

Bitcoin gripped the investing world last year like no other asset class in recent memory, minting new millionaires, sparking a pivot to blockchain technology and attracting a new wave of interest from institutional investors. In 2018, bitcoin has been a total dud. Created with Highcharts 5.0.14 Bad Start ...

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Inside Asia's bitcoin economy

SHANGHAI -- On Jan. 6, a leaked photograph of an official notice from China's internet finance regulator began to circulate on Twitter. The statement, released by the authorities two days earlier, told local governments to stop subsidizing companies that create new bitcoin, the digital currency, and ensure ...

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PB Blockchain Announces "HashDrop"Blockchain Application

VANCOUVER, British Columbia, Jan. 31, 2018 (GLOBE NEWSWIRE) -- Pistol Bay Mining Inc. (TSX-V:PST) (Frankfurt:OQS2) (“Pistol Bay” or the “Company') is pleased to give an update on the development of our subsidiary, PB Blockchain Inc. (see news release dated November 15, 2017.) This wholly ...

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PB Blockchain Announces “HashDrop” Blockchain Application

VANCOUVER, British Columbia, Jan. 31, 2018 (GLOBE NEWSWIRE) -- Pistol Bay Mining Inc. (TSX-V:PST) (Frankfurt:OQS2) (“Pistol Bay” or the “Company') is pleased to give an update on the development of our subsidiary, PB Blockchain Inc. (see news release dated November 15, 2017.) This wholly ...

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Chinas Blockchain Invasion Good or Bad news for NEO

Submissions should only be of quality, new information. What Blockchain Entrepreneurs Should Do Now China and seven of its regulators surprised the have created an online free repository of all the news Bad News Bears: Cryptocurrency China China's Blockchain Invasion. The news of BTCC's ...

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Blockchain buzzwords, changes, and challenges: EmTech China blockchain panel

Blockchain is the buzzword of the year if not the decade. Companies are already changing their names to sound more blockchain-y and announcing blockchain projects in order to catch the tsunami of hype surrounding the new technology. But what are the real-life applications of blockchain and more ...

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The insurance industry needs to embrace blockchain, starting now

This is excellent news. There are over two billion unbanked individuals in the world today – people with no access to banking services. This is a global problem. In India, 19 per cent of the population – 1.2bn people – is unbanked, according to a joint Assocham-EY study, while 22 per cent of adults in ...

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Stargram Coin Pushes Forward a Game Business on Blockchain Technology

TOKYO, Jan. 31, 2018 /PRNewswire/ -- The next generation technology of The Fourth Industrial Revolution, blockchain, is getting attention all over the world. Blockchain is a main technology of The Fourth Industrial Revolution which can prevent forgery and falsification caused by transparent transaction ...

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AMD: 'Epyc' Versus Blockchain for Wall Street's Attention

Despite a Q4 report this afternoon from Advanced Micro Devices (AMD) that the company said showed strength across a range of new products, the Street scrutinized the many “puts and takes,” fixating especially on how fast the company's new server chip, “Epyc,” is coming to market, and how great a ...

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Top Story: Blockchain attraction and Cayman

Blockchain leaders are turning to Cayman as a hub for this emerging, cutting-edge industry. Tonight Cayman 27's Reshma Ragoonath sat down with Blockchain entrepreneurs Anthem Blanchard and Cynthia Blanchard who attended the D10E conference yesterday (29 January) at the Ritz. They have ...

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Blockchains, LLC Acquiring Over 60000 Acres In Nevada To Showcase Blockchain Applications ...

As a media outlet, we have always taken great pride on making our coverage of the Ethereum ecosystem and blockchain technology unbiased. ETHNews has always been, and will continued to be, a non-monetizing site that is not beholden to advertising dollars which may cause coverage to be swayed ...

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Kodak's dubious blockchain gamble

As investors seek to capitalise on the popularity of currencies like Bitcoin and Ethereum, a number of struggling companies have reversed their fortunes, at least temporarily, simply by adding "blockchain" to their names or announcing a new cryptocurrency venture unrelated to their previous line of work.

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Chronicled: Backing Up Your Bag with Blockchain

Chronicled uses blockchain technology and supply chain management solutions to verify goods and keep counterfeit products off of the market. Chronicled has applied this technology to the MediLedger Project, a pharmaceutical initiative that helped keep stolen or counterfeit pills from entering the ...

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Azure blockchain lab

Ripple uses blockchain protocols to handle cross- border payments and has several bank clients. Other features include Jul 31, 2016 · Blockchain as a Service is now available within Microsoft Azure DevTest Labs. (MSFT) is aiming to be an important player in the burgeoning market, launching its ...

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LiveAuctioneers first to adopt Codex Consortium's blockchain protocol

NEW YORK – LiveAuctioneers, the world's leading online marketplace for auctions of collectibles, antiques and fine art, today announced its participation in the Codex Consortium, which supports the Codex Protocol, a decentralized title registry for the $2 trillion arts & collectibles (A&C) asset class that ...

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Blockchain and Ethereum Meet Up (OFFICIAL)

Check out Blockchain and Ethereum Meet Up (OFFICIAL) at JW Marriott Austin in Austin on March 13, 2018 and get detailed info for the event - tickets, photos, video and reviews.

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A Vermont City Tests Blockchain Technology for Property Deals

The city of South Burlington, Vt., is embarking on a pilot project with a startup blockchain firm in a possible step toward using the technology to replace the city's system for recording property transactions. Officials with South Burlington and the firm, Propy Inc., said the project would only be a trial run of ...

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Blockchain launch: Investors to use BitCar to buy luxury vehicles

BitCar executive Charles Kilborne said: “BitCar is aiming to become the main cryptocurrency for the automotive industry, which is a sector that has yet to see any disruption from blockchain technology, despite car ownership falling as ride sharing rises. We are already planning applications in this shared ...

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Bitcoin Today: Price Edges Lower Near $10K, Intel Reveals Blockchain 'Sawtooth'

(INTC - Get Report) revealed Tuesday its Sawtooth blockchain technology hosted on the Hyperledger consortium, according to Coindesk. The technology is specifically positioned for enterprise use, but it includes features that draw aspects from bitcoin and other public ledgers, too. From Coindesk: ...

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The Crime Scene: Over Half of Bitcoin Transactions are Used for Illegal Purposes



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Decentralised Marketplace And Content Sharing Platform ImmVRse are Poised To Disrupt The VR Industry



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Fintech and Blockchain Luminaries Announces The Launch of International Digital Asset Exchange Council (“IDAXC”) For Mainstream Digital Asset Sector



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Hyperledger Releases Sawtooth 1.0

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

Sberbank to Bypass Russian Regulations and Trade Cryptocurencies 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.

Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

Bypassing Russian Regulations

Sberbank to Bypass Russian Regulations and Trade Cryptocurencies OverseasAt 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 to Bypass Russian Regulations and Trade Cryptocurencies OverseasSberbank’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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State of Texas Orders ‘Decentralized Bank’ ICO Project to Cease Operations

Chinese Investors Continue to Obtain Bitcoin Using Thriving OTC Platforms

BitcoinTV: by Crypt0 on YouTube

The Crypt0 Minute: Tether Is In Trouble With CFTC / Carlos Matus (Bitconnect Guy) Is Back!
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BitcoinTV: by Crypt0 on YouTube

Tether Called Into U.S. Court: Market Correction Deepens 🤔 / Facebook Bans Crypto Ads / Much More!
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How do we get our Bitcoin Gold and Bitcoin Diamond off Breadwallet

When you start a fresh install of the app, you get the option to Open Source Bitcoin Gold Wallet In Browser This tool work with BIP44/BIP39, so it's compatible with wallets like Jaxx, Mycelium, or Copay. TREZOR Wallet is starting Derivatives marketplace the winners are the holders, ...

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Bitcoin Heads for Worst Monthly Slide Since December 2013

Cryptocurrencies are extending losses with Bitcoin headed for its worst monthly slide since December 2013 on the last day of January trading as U.S. ... Bitcoin is down about 31 percent this month, trading at $9,817 as of 10:20 a.m. in Hong Kong, according to composite pricing compiled by Bloomberg.

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Where Does It Fit?

The guys look at correlations, standard deviations, and liquidity measures to see if Bitcoin (/XBT or /BTC) fits the criteria of what an active investor might find attractive. After giving copious amounts of context around Bitcoin's movement, they compare the futures to stocks and ETFs looking to mimic the ...

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Cryptocurrency 'gateway drug' bitcoin is losing its appeal, analyst says

Nicholas Colas, co-founder of DataTrek Research, says that search traffic can help forecast price movements in the cryptocurrency market. He argues that bitcoin is a "gateway drug" for other digital currencies. As interest fades in bitcoin, other cryptocurrencies like ethereum and ripple gain traction, ...

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Bitcoin Fork Wants to Help you Earn Interest After Your Digital Cash

Bitcoin Interest, the latest spinoff of the first cryptocurrency Bitcoin, aims to lift the interest-bearing benefits of traditional banking and bring them into the cryptocurrency world. Starting with “Bitcoin Cash” last August, Bitcoin has seen around 19 hard forks so far and this year experts predict up to 50 more ...

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Is Bitcoin's Reign as King of Cryptocurrency in Danger?

Regardless of where your allegiances lie in the crypto community, homage should be paid to the original Blockchain solution - Bitcoin. However, it has been 10 long years now since Bitcoin came into being (an eternity in the cryptocurrency space) and things are starting to get away from the King.

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Bitcoin - the Revenue comes calling

But in recent weeks there is some evidence that a few people are making trading in crypto-currencies a full-time job, in which case they are likely to be liable for income tax on their earnings. Now, the acceleration in the value of Bitcoin and other crypto-currencies happened over the course of 2017 so it ...

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Why Bitcoin May Not Be Digital Gold After All

To explain Bitcoin's exponential rise over the past year, proponents of the cryptocurrency often come back to the same refrain. Think of Bitcoin, they say, as digital gold—a so-called “store of value” that, like the precious metal itself, doesn't need to have a lot of practical uses to be worth a lot of money.

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Newsflash: Bitcoin Price Falls Under $10000 After Bitfinex, Tether Subpoena

US regulators' scrutiny into Bitfinex, one of the world's largest cryptocurrency, over its dollar-pegged digital token Tether has sent bitcoin sinking below $10,000. Bloomberg is reporting that the US Commodities Futures Trading Commission (CFTC) has sent subpoenas to Bitfinex and Tether, the firm ...

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Bitcoin Needs To Hold $10000 Or It Could Fall Much Further

Bitcoin fell below $10,000, or about 9%, to around a low of $9,800 on Tuesday. It didn't spend much time there and has now rebounded to just above $10,000. This is the third time in the past two weeks that Bitcoin has been below $10,000 per Yahoo! Finance. While Bitcoin doesn't trade in-line with the ...

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Bitcoin sinks as cryptocurrencies join global market sell-off CNBC

Bitcoin traded more than 6.5 percent lower near $10,410 as of 11:37 a.m., ET, according to CoinDesk's bitcoin price index, which tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and Bitfinex. Ethereum, the second-largest digital currency by market cap, traded about 4.5 percent ...

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Bitcoin is basically a Ponzi scheme

If you've been living in a cave and haven't heard of bitcoin, it's the biggest, best-known example of a “cryptocurrency”: an asset that has no physical existence, consisting of nothing but a digital record stored on computers. What makes cryptocurrencies different from ordinary bank accounts, which are ...

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Saudi Arabia is working on an official policy for bitcoin but a ban is unlikely

South Korea's ban on anonymous bitcoin trading accounts went into effect Tuesday while the US Securities and Exchange Commission halted a $600 million initial coin offering. But one country's regulators are taking a more laissez faire-approach to cryptocurrencies: Saudi Arabia. The country isn't ...

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Facebook Regulates Ads Amid Bitcoin Boom

Although Bitcoin is perhaps the most well-known of all cryptocurrencies, there are thousands of so-called "alt-coins." Many attempt to solve real-world business problems, but a sizable amount have no actual product or team, and merely attempt to swindle newcomers hellbent on getting rich quick.

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Facebook Bans Ads for Bitcoin and Other Cryptocurrencies

The social network said Tuesday that it would ban all ads for Bitcoin and other cryptocurrencies, in order to stop promotions that it sees as “frequently associated with misleading or deceptive promotional practices.” Under Facebook's new policy, no ads from well-known digital currency exchanges or for ...

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Facebook Bans All Cryptocurrency Advertising, Including ICOs, Bitcoin And Ethereum

Jesse Damiani , Contributor I cover the human side of VR/AR, Blockchain, AI, Startups, & Media. Opinions expressed by Forbes Contributors are their own. A Facebook Inc. logo sits on display at Station F, a mega-campus for startups located inside a former freight railway depot, in Paris, France, ...

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Facebook bans ads tied to bitcoin, other cryptocurrencies

Still, enthusiasm for bitcoin and other volatile digital currencies has minted many millionaires. Public companies have capitalized on the hype, with everything from packaged-food makers to sports-bra manufacturers seeing shares surge after linking their firms to crypto, sometimes just by name.

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Samsung entering the Bitcoin game with new cryptocurrency mining chips

Samsung is reportedly jumping on the Bitcoin bandwagon, with new hardware designed for cryptocurrency mining scheduled to enter production next month. According to The Bell, Samsung is building application-specific integrated circuit (ASIC) hardware designed to be used for mining the trending ...

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Facebook ban on bitcoin ads latest in very bad day for cryptocurrencies

Bloomberg reports, citing a source, that last week the U.S. Commodity Futures and Trading Commission subpoenaed Bitfinex, one of the largest cryptocurrency exchanges in the world, and a digital coin company called Tether that is run by many of the same people as the exchange. The U.S. Securities ...

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BitcoinTV: by BitcoinMeister on YouTube

The 1 Bitcoin Show- Tether FUD sets off weak hand panic, crypto power rankings gimmick, email scam
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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Blockchain

Is it just me, or do alot of block chain entrepreneurs or block chain specialist don't really know much about block chain?...

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On Blockchain, Money and Empathy: EdSurge Talks Trends and 2018 Predictions

What are the edtech trends to watch this year, and what are the key takeaways from 2017? A group of EdSurge reporters and editors recently asked readers—and shared a few of their own thoughts—during an EdSurge Live online forum. EdSurge's CEO, Betsy Corcoran, argued that 2017 was a year ...

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AdLedger Announces Members, First Initiative For Blockchain

The purpose of the consortium is to harness blockchain technology and support the growth of a peer-to-peer decentralized network. One of the first initiatives to come from the consortium is work on another POC: Campaign Reconciliation. That POC is being led by Amichai Lichtenstein of AppNexus, and ...

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Cryptocurrency-Friendly Regulations in Belarus Could Attract Foreign Capital and ICOs

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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BitcoinTV by World Crypto Network on YouTube

San Francisco Bitcoin Meetup - Crypto Taxes



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BitcoinTV by World Crypto Network on YouTube

Bitcoin Talk Show #49 - Tuesday January 30, 2018 #LIVE - SKYPE WorldCryptoNetwork
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

Today in Bitcoin (2018-01-30) - Bitfinex, Tether Subpoenaed - Bitcoin Briefly falls below $10,000
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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BitcoinTV by World Crypto Network on YouTube

SPECIAL CRYPTO AUDIOBLOG #2 - w/ANDY HOFFMAN: BITCOIN OPTIMISM!
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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No more annoying bitcoin ads on Facebook

Say goodbye—at least on Facebook—to those annoying ads promising would-be investors they can make bank from the outsize gains in cryptocurrency NOW, at a 15% discount! As of Tuesday, Facebook Inc. FB, +0.61% is banning ads which hawk financial products that are frequently associated with ...

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BitcoinTV by KRBECrypto on YouTube


#bitcoinmovement.....New video by KRBECrypto: The Gentlemen of Crypto EP. 93 - Ripple + SBI, S. Korea Ban Today, Bcash real Bitcoin? https://youtu.be/2C2cPVeiGeo

Tuesday, January 30, 2018

Bitcoin boom to give AMD earnings a boost, says MKM Partners

A sharp run-up in digital currency values didn't just benefit crypto traders in the final months of 2017. Advanced Micro Devices will likely get a share of the riches, according to MKM Partners analyst Ruben Roy. Roy has turned more bullish on AMD on the calculation investors have yet to price in a boost ...

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$10K Exposed? Bitcoin Bulls Fail to Defend Price Floor

Bitcoin is looking down after the bulls failed to defend a key level in the early Asian hours, price chart analysis suggests. Prices on CoinDesk's Bitcoin Price Index (BPI) fell below $11,000 at 01:44 UTC today and hit an intraday low of $10,805 at 03:29 UTC. The recovery seen in the next few hours ran into ...

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Bitcoin price BOOST: The 1000 year old business joining Cryptocraze with a KEY difference

He said: “Gold has probably had an argument that it's been a store of value for 6,000 years, bitcoin's a bit younger and the future of bitcoin is uncertain.” The UK is not the only country to create a gold-backed cryptocurrency. Australia's Perth Mint have said they are hoping to capitalise on the rise the ...

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Bitcoin exchange robbed by real-life bank robbers with real-life guns

Last week, on Tuesday morning, three armed men entered the office of an Ottawa Bitcoin exchange, Canadian Bitcoins, where they tied up four employees and demanded Bitcoins. Sorry, there's no punchline. This is not a joke. The bank robbers did not expect clinking bagfuls of shiny gold Bitcoins like ...

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US Financial Regulator Requests Crypto Trading Data From South Korea

Blockchain Security A Moving Target For Both Developers And Hackers

So, while innovators continue to explore blockchain and design new solutions built on distributed ledger infrastructure, other companies have taken the testing of these new solutions to task. One of them is QualiTest, a company that provides software testing solutions and has just announced the ...

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Over 1 Million People in Line for Robinhood’s Bitcoin Trading App

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 1 Million People in Line for Robinhood's Bitcoin Trading AppOver 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

Over 1 Million People in Line for Robinhood's Bitcoin Trading AppWhen 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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US@+1_888_556_4385** ℬitcoin support

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Bitcoin mania is hurting PC gamers by pushing up GPU prices

Bitcoin and other cryptocurrencies like Ethereum, Ripple, and Litecoin have soared in value over the past year, thanks to continued interest from a range of investors. As the price of these cryptocurrencies has increased, graphics cards have also seen big price increases thanks to retail stock shortages.

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Bitcoin Blockchain

Context. Blockchain technology, first implemented by Satoshi Nakamoto in 2009 as a core component of Bitcoin, is a distributed, public ledger recording transactions. Its usage allows secure peer-to-peer communication by linking blocks containing hash pointers to a previous block, a timestamp, and ...

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Wall Street veterans: You should care about bitcoin, Southwest Florida

Almost a year ago, Noreen Harrington, the Wall Street veteran known for her role as a whistle-blower during a 2003 mutual funds scandal, was at a speaking engagement in Bonita Bay when someone asked her what she thought about bitcoin. “My answer was, 'I don't know enough to have an opinion,” ...

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A Louisville investor says he was duped into a Bitcoin investment scheme. Now he's suing

A Louisville man has sued a British company in federal court, alleging he was scammed by a fraudulent investment scheme linked to the cryptocurrency market. The action filed in U.S. District Court in the Western District of Kentucky is at least the second suit by investors seeking to recover funds paid to ...

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Elliott Wave Webinar: Bitcoin Bounce and EUR/USD Near Trend Line

Bitcoin price bounce takes the shape of an Elliott Wave correction, which suggests a retest of recent lows. EUR/USD nears the 10-year trend line as the three year Elliott Wave flat pattern matures. The video above is a recording of a US Opening Bell webinar from January 29, 2018. In today's US Opening ...

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Lawyers Moving Into the Bitcoin Space

For example, in May 2014, New York-based McLaughlin & Stern, one of the oldest U.S. law firms, established in 1898, become the first major U.S. legal practice to start accepting payments in Bitcoin. The trend of accepting payments in cryptocurrency is now gaining momentum and expanding to a wide ...

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Intel's Hyperledger Blockchain Is Now Ready for Business

Long considered one of the most promising codebases hosted by the Hyperledger blockchain consortium, Intel's Sawtooth software is officially ready for enterprise use. Revealed today, version 1.0 of the technology provides what might be expected, features inspired by bitcoin and other public ...

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Israel's Blockchain Mining looks at Nasdaq, Toronto listings

TEL AVIV, Jan 30 (Reuters) - Blockchain Mining Ltd said on Tuesday it was preparing to list its stock on Nasdaq and the Toronto Stock Exchange by July after Israel's market regulator said it might ban companies involved in cryptocurrencies from the Tel Aviv exchange. Earlier this month, the Israel ...

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5 Ways Blockchain Will Change How Online Marketing Works

What does blockchain have to do with online marketing? Quite a lot, it turns out. Because if the industry is criticized, then mostly for lack of transparency, alleged fraud by bots or lack of proof…

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Exploring The Future Of Retail In A World Powered By Blockchain

Just as the digital business-scape is getting on board with the Internet of Things (IoT) and new sensor technologies that make the supply chain even more transparent, blockchain is poised to turn retail upside down again. The good part—whereas the IoT added transparency to the business-side of the ...

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Israel's Blockchain Mining Looks at Nasdaq, Toronto Listings

TEL AVIV (Reuters) - Blockchain Mining Ltd said on Tuesday it was preparing to list its stock on Nasdaq and the Toronto Stock Exchange by July after ... Blockchain Mining's CEO and controlling shareholder Roy Sebag said it would list shares and advanced depositary receipts (ADRs) on one or both ...

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Liberating Loyalty Points With Blockchain

Corey O'Donnell, senior vice president at Mobivity, believes an AI-driven blockchain solution could solve by enabling rewards points redeemable across franchisees' brands. The January issue of the Payments-as-a-Service Tracker tells that story, as well as the moves innovators are making to unlock ...

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Bitfury Enters Bitcoin Crime-Fighting Business with Crystal Launch

After years of working with government agencies leery of bitcoin's seedy past, the blockchain services firm best known for its bitcoin transaction processing business has decided to take matters into its own hands. Launched today, a number of tools collectively identified as Crystal are intended to make it ...

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BitcoinTV: by The Cryptoverse on YouTube

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Column: Blockchain technology & cryptocurrencies

Since “Bitcoin Mania” stormed the country in 2017, we have seen interest significantly increase in cryptocurrencies, digital assets and blockchain technology. Many people, however, continue to view the space with heavy skepticism, with some going so far as to call the entire asset class a “scam.

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Guangxi wants to become China's blockchain hub

Blockchain is recognized globally as the most influential technology to the development path of Web applications, and is recognized as the 'fifth disruptive computing paradigm' innovation,” said Liu Jian Hong, Deputy Secretary of Science and Technology Department of Guangxi Autonomous Region ...

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South Korea Ends Anonymous Cryptocurrency Trading Today

Kodak's Dubious Blockchain Gamble

That's partly because the blockchain — the mathematical ledger system that forms the basis of digital currencies — has a kind of talismanic effect in today's stock market. As investors seek to capitalize on the popularity of currencies like Bitcoin and Ethereum, a number of struggling companies have ...

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Fiji chosen as first to have blockchain technology

Update: 3:56PM WITH the increasing risk of illegal fishing in the region, Fiji has been selected as the first country in the world to have blockchain technology piloted on our shores to ensure the traceability of sea food supply. Blockchain is simply a database that creates a transparent recording ...

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Q&A: Talking Blockchain

One of the changes could be blockchain. Described as a shared ledger, blockchain is a means of recording — and storing — transactions. It is shaping up to as a platform that can connect all members of a value chain, eliminate cumbersome manual documentation and safeguard important data, ...

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PR: Viola.Ai Token Pre-Sale Sells out More Than 5 Days Ahead

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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