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Friday, November 30, 2018

LCX Now Licensed to Provide Crypto Trading Services in Liechtenstein

LCX Now Licensed to Provide Crypto Trading Services in Liechtenstein

Liechtenstein cryptocurrency exchange LCX has been granted a license to provide crypto trading services for utility and payment tokens. The exchange will be offering four main crypto services including a custody service and a fiat-to-crypto exchange in partnership with Binance.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

A Regulated Exchange

LCX Now Licensed to Provide Crypto Trading Services in LiechtensteinLCX announced on Tuesday that it has been granted “a business license of the Liechtenstein Ministry of Economic Affairs to conduct its business in Liechtenstein (Gewerbebewilligung).”

An LCX representative told news.Bitcoin.com:

With this license, we got the permission from the regulator to provide crypto exchange trading services for utility and payment tokens. So, we can offer an exchange to investors, to safely trade utility and payment coins (stable coins for example), that is approved by the regulator.

LCX Now Licensed to Provide Crypto Trading Services in LiechtensteinThe representative added that LCX can now offer “services that other crypto exchanges offer … in a regulatory compliant manner.” As a regulated exchange, LCX says that it will apply the “highest technology standards for KYC [know-your-customer] and AML [anti-money laundering] to safeguard fulfillment of all regulatory requirements for AML and KYC.”

The Liechtenstein Blockchain Act defines three different types of tokens: utility, payment, and security.

“We also want to offer security token trading to our clients,” he emphasized, noting that LCX has increased its nominal capital from 100,000 CHF (~$100,400) to 1,000,000 CHF in order to apply for additional licenses, such as the Financial Market Authority (Fma) license, to be able to trade security tokens and offer other regulated services.

Upcoming Services

The company plans to offer four key products. One is a trading platform for security tokens and other cryptoassets. The second is a crypto custody service called LCX Vault.

LCX Now Licensed to Provide Crypto Trading Services in Liechtenstein

LCX Now Licensed to Provide Crypto Trading Services in LiechtensteinThe third is called LCX Terminal which integrates the APIs of major exchanges — such as Binance, Bittrex, Coinbase, Poloniex, and LCX’s own exchange — into a single trading desk. This product recently entered the closed-beta phase. The company described it as “a trading desk for crypto assets equipped with portfolio management, analytics platform, auto trading functionality and audit reporting — [an] integration of major exchanges.”

The fourth is a fiat-to-crypto exchange unveiled in August in partnership with Binance. This exchange will offer the trading of Swiss francs and euros against major cryptocurrencies.

The LCX representative explained to news.Bitcoin.com:

The moment we decide we’re ready to integrate our exchange into the terminal we can go public with this product … All other products are in development and will be announced and made public in the near future.

Furthermore, he noted that LCX’s exchange services “can be offered in a global manner,” adding that “we will be setting new standards in terms of KYC and AML, which every client of LCX should pass.”

What do you think of LCX’s plans to provide crypto-related services? Let us know in the comments section below.


Images courtesy of Shutterstock and LCX.


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Research Exposes Anti-Bitcoin Bias in Mainstream Media

Research Exposes Anti-Bitcoin Bias in Mainstream Media

Recent research on the tone and frequency of cryptocurrency coverage in the mainstream media over the past five years suggests that some news outlets appear to be much more biased against Bitcoin than the norm. The results also indicate that overall sentiment has become more negative with time.

Also Read: Coinbase Launches OTC Desk, Huobi Opens Derivatives Market

Price Declines Sparked a Press Frenzy

Blockchain-focused research company Clovr surveyed 7,527 cryptocurrency-related articles from 48 media outlets from January 1, 2013, to July 31, 2018. It used an algorithm to assess the broad sentiment expressed in each article.

The researchers found that the mainstream media didn’t really pay much attention to cryptocurrencies until they started climbing in value. But what these news outlets really liked was to report about price crashes. Even during the great bull run of 2017, coverage spiked during sudden declines in market value. And the downturn from the peak at the end of the year created a “press frenzy” as the number of articles shot up.

Research Exposes Anti-Bitcoin Bias in Mainstream Media

“In the wake of bitcoin’s market cap plunge in the final days of 2017, negative articles multiplied — with cryptocurrencies falling 34 percent in the first month of 2018, cautionary tales of vanished wealth were common,” the researchers note.

Old vs. Young, Left vs. Right

Long-established mainstream brands were particularly harsh with their cryptocurrency coverage, including The Wall Street Journal, The New York Times, The Economist and The Financial Times. In contrast, the researchers found that business and financial news outlets that skew toward a younger audience, such as Forbes and Business Insider, had coverage that was consistently above the overall median for positive sentiment.

Comparing American publications by their political leanings, the researchers found that those that skew conservative were considerably more negative in their crypto coverage than those that skew liberal. This was exemplified by Breitbart News, which was found to have published only negative articles — a surprising finding, considering that its former executive chairman, Steve Bannon, has gone on to present himself as a crypto revolutionary.

The report indicates that some publishers became less hostile over time. However, the more common trajectory was for coverage to become increasingly negative, the researchers noted. The average sentiment of Reuters, USA Today and Gizmodo articles became substantially more negative over time, for example. And overall, financial news outlets seemed to be more positive than technology news sites.

Research Exposes Anti-Bitcoin Bias in Mainstream Media

What are the most interesting findings from this research? Share your thoughts in the comments section below.


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Bloxroute Joins the Block Size Debate With New Block Propagation Service

A New Block Propagation Service Called Bloxroute Joins the Block Size Debate

Over the last few weeks, the Bitcoin Cash (BCH) community has been discussing how miners and nodes will handle bigger blocks in the future to encourage mass adoption. A company called Bloxroute has been coming up a lot lately, as it aims to resolve the block propagation bottleneck.

Also read: Growing Number of Crypto Companies Operating From Belarus

Bloxroute Claims It Offers Greater Efficiency

A New Block Propagation Service Called Bloxroute Joins the Block Size DebateBloxroute claims it can provide more efficient block propagation for blockchains. The organization has been discussed a lot in the weeks since researchers noted issues with block propagation after the BCH and BSV chains processed a few big blocks. Bloxroute says it supports any blockchain underneath the system by broadcasting block data in the exact same manner for every user in a neutral fashion.

“In particular, Bloxroute propagates blocks without knowledge of the transactions they contain, their number, and the ‘wallets’ or addresses involved. Miners are free to include arbitrary transactions in a block,” the Bloxroute whitepaper explains. “Furthermore, Bloxroute cannot infer the above characteristics even when colluding with other nodes, or by analyzing blocks’ timing and size — Bloxroute cannot favor specific nodes by providing them blocks ahead of others, and cannot prevent any node from joining the system and utilizing it.”

A New Block Propagation Service Called Bloxroute Joins the Block Size Debate

Noticing Block Propagation Difficulties

Big blocks have been a topic of intense discussion over the last few weeks, especially within the Bitcoin Cash community. The week before the Nov. 15 hard fork, a few sizable blocks were processed on the BCH chain, including numerous 32MB blocks. After the blockchain split, BSV miners processed a 64MB block, marking the largest onchain block ever mined on a blockchain. However, huge blocks that have been mined in the past and blocks above a certain threshold usually have issues propagating across the network. This was noticed by many observers when BMG pool mined a 23.15MB Bitcoin Cash block that took well over an hour to propagate correctly.      

“It took 85 minutes to find this block and the mempool was continuously growing at a rate that seems to be close to the limit nodes can accept transactions,” observed Jochen Hoenicke, the cryptocurrency developer otherwise known as “Johoe.”

A New Block Propagation Service Called Bloxroute Joins the Block Size Debate

Researchers noticed these issues when the concession of 32MB blocks was mined on the BCH chain. And the 64MB block found by BSV miners also had significant issues and took an extremely long time to propagate — some believe the BSV stress test pretty much DDoSed the nascent network. Another recent post on r/BTC explains how the BSV chain is showing issues with stuck Child-Pays-for-Parent (CPFP) transactions.

A New Block Propagation Service Called Bloxroute Joins the Block Size Debate

Hash War Winners or ‘Bloody Socialists’?

Since these issues started appearing, Bloxroute has come up more and more in the block size debate among people like Cornell University professor Emin Gün Sirer and Nchain’s chief scientist, Craig Wright. For instance, Gün Sirer told his Twitter followers on Nov. 23 that the hash war had shown that Bloxroute is an interesting protocol.   

“The big winner in the hash war was, oddly, Bloxroute Labs. Coingeek demonstrated the importance of block propagation by accidentally selfish mining themselves. Anyone building high-performance blockchains needs to pay attention to the kind of things Bloxroute focuses on,” he said.

A New Block Propagation Service Called Bloxroute Joins the Block Size Debate

However, Wright and supporters of BSV don’t seem to see many benefits with Bloxroute’s technology. “[Bloxroute] will never see the light of day with SV. In Bitcoin … miners vote and miners can choose to orphan blocks,” Wright recently detailed to his Twitter followers. “Basically, this is the complete opposite of everything Bitcoin is about. And it also does not work.”

In another tweet, Wright claimed that Bloxroute proponents are “bloody socialists” and if miners cannot vote they are “neutered.” He continued by stating:   

It is not scaling, it is removing miners from having a say.

Whether or not people agree with Bloxroute’s business model, its success or failure will be decided by the free market. If blockchain developers find use cases with this kind of system, it could theoretically thrive or simply introduce more problems. But no one can stop Bloxroute, as it’s free to provide these types of services in a permissionless fashion.

Uri Klarman, CEO of Bloxroute Labs, responded to Gün Sirer’s statements on Nov. 25, after the BSV chain had processed some larger blocks.   

“Here’s why Bloxroute Labs is the big winner of the hash war: *Any* blockchain doing large blocks needs them to quickly reach other miners. Otherwise, they will mine empty blocks based on header and forks (orphans) — BSV just showed 30MB block take 20 minutes since they lack layer 0,” Klarman said.   

What do you think about the Bloxroute protocol and business model? Let us know in the comments section below.


Images via Shutterstock, Bloxroute Labs, Twitter, and Pixabay. 


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Honoring Satoshi’s Vision: Toward a Better Crypto User Experience

Honoring Satoshi's Vision: Toward a Better Crypto User Experience

This post about better crypto UX was written by venture capitalist David Gold. He is the CEO of Dapix, Inc, which launched the Foundation for Interwallet Operability (FIO) and FIO Protocol.

***

Satoshi Nakamoto’s Bitcoin whitepaper laid out an intoxicating vision for a “purely peer-to-peer version of electronic cash” — free of involvement and interference from third-party intermediaries.

Also read: Outrage Over Union Bank of Nigeria’s Threat to Close Crypto-Related Accounts

Ten years later — despite much growth, shrinkage, excitement and hype — Bitcoin, and cryptocurrencies in general, have yet to be put to any significant use in commerce, which is a key reason why crypto markets continue to face such extreme volatility.

Crypto is currently too difficult and risky to use. This why it has not achieved mainstream adoption. Many other cryptocurrency and token-utility protocols have been launched to create variations that are faster, cheaper and more able to handle complex transactions. But very few have focused on how to make them easier, safer and more comfortable for people to actually use.

Bad Utility Equates to Bad UX

Imagine stopping people in the street to show them what it is like to use cryptocurrency with the incoherent crypto addresses, the lack of obvious route to learn the progress of payments, and the irreversible transactions — even in the event of payment errors.

It seems reasonable to assume few would be comfortable using cryptocurrency to conduct an exchange of value.

Praising third-party intermediaries is considered heretical in the blockchain world. But from the everyday users’ perspective, they at least can provide greater confidence that a transaction of value proceeds as intended. Checks can minimize errors, and errors often have the opportunity to be corrected.

For Satoshi’s vision of a “purely peer-to-peer version of electronic cash” to become a broad reality, the user experience of sending/receiving crypto must be greatly improved.

In fact, the user experience needs to be better than that of sending/receiving value in the fiat world because transactions are irreversible. Users need near certainty on the accuracy of their transaction details — including where funds are being sent, the amount of funds, the type of funds, and the purpose for which they are being sent.

But all this needs to be achieved without a trusted third-party intermediary.

Poor Attempt

Efforts to address blockchain usability in a decentralized manner to date have almost exclusively focused on solving only one piece of the problem — the concept of human-readable “wallet names” to eliminate the need to deal with incoherent public addresses.

Those attempts have failed to make any meaningful impact on usability for a number of reasons. First, many of the attempts at wallet names are as complex as the usability problem they attempt to solve. Next, some attempts have been blockchain-specific, meaning that a user would be faced with a wallet name for one token but not for other tokens in their wallet.

Others have created “walled gardens” requiring all users to utilize specific browser plugins or wallets to obtain greater usability, but solving nothing for the multitude of users interacting with different wallets. Even if any of these efforts were successful, wallet names themselves are an insufficient piece of the usability solution, as they do nothing to provide confidence about the accuracy of transaction details, nor shared context for the purpose of the payment.

Here We Go

It’s time for wallets and exchanges to change the paradigm and enable dramatic improvements in usability across all blockchains. By uniting around a decentralized Paypal-like protocol, we can finally break through the barriers on blockchain usability.

This protocol should be open sourced and available to all. In other words, every wallet and exchange should be able to participate. We need a protocol that works with existing blockchains rather than competes with them. We need a protocol that doesn’t require them to change in any way, and won’t sit in the middle of transactions. Rather, it should augment blockchains by enabling all wallets and exchanges to provide a decentralized suite of information and workflow not previously possible.

A protocol like this would enable the first wallet names that work across every token and coin. Crypto users would be able to send a request for payment from within one wallet to another wallet — virtually eliminating the possibility of errors in sending tokens or coins. Cross-chain metadata could work identically for every token or coin so that transfers of value, regardless of token or coin utilized, could include secure details on the purpose.

And these capabilities would only be the beginning. A raft of other usability solutions could be built if everyone gets involved.

Calm After the Storm

The volatility experienced by cryptocurrencies over the past year would greatly diminish if crypto just became more consumer-friendly.  As long as blockchain tokens and coins are limited to being primarily an alternative investment asset class, market adoption will be constrained.

The vision of a decentralized, peer-to-peer system for exchange of value is not only about accuracy in the ledger of transactions, it’s about the comfort and confidence of the user in the process of moving the value represented.

I’m optimistic that the whole industry is about to come together to solve these usability issues. Soon the average person on the street will not only be comfortable using cryptocurrency, but will finally find it superior to fiat currency for a variety of transactions.

Do you think a single protocol for interoperability between blockchains is the way to go? Will the industry unite to solve these pressing issues? 


Images courtesy of Shutterstock


OP-ed disclaimer: This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com does not endorse nor support views, opinions or conclusions drawn in this post. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Readers should do their own due diligence before taking any actions related to the content. 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 information in this Op-ed article.

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Binance Terminates Services for Users in Belarus

Binance Terminates Services for Users in Belarus

Cryptocurrency exchange Binance has informed Belarusian customers that its services will no longer be available in their country. The announcement follows reports of similar restrictions for residents of other nations under economic sanctions, such as the Islamic Republic of Iran and Zimbabwe.

Also read: Russian Miners Sell Their Equipment Amid Market Plunge

Belarusians Lose Access to Global Exchange

The correspondence from Binance, currently the world’s largest digital asset trading platform by daily volume, does not specifically say when the restrictions will go into effect, Forklog reported. However, the exchange notes that they are related to the latest update in its Terms of Use (ToU) and urges Belarusians to acquaint themselves with the changes.

Binance Terminates Services for Users in BelarusUnder “Prohibition of Use” on the ToU page, the exchange explains that by accessing and using any of its services, customers acknowledge and declare they are not on any trade or economic sanctions lists, such as those prepared by the U.N. Security Council and the Office of Foreign Assets Control of the U.S. Treasury Department (OFAC).

Binance says that it “maintains the right to select its markets and jurisdictions to operate and may restrict or deny its services to certain countries.” The exchange also insists on its stance that “prohibited users are not to use or access Binance and any of its services” and reserves the right to modify or change the terms and conditions of its user agreement at any time and at its sole discretion.

The announcement comes shortly after Binance imposed restrictions on other countries under Western sanctions. In November, several global exchanges, including Binance, cut ties with Iran, according to members of the local crypto community. Zimbabweans have also been informed that the exchange is unable to provide services in their country and have been told to withdraw their funds.

Binance Terminates Services for Users in BelarusGleb Kostarev, a representative of Binance in the Russian Federation, has confirmed the authenticity of the Belarus announcement. Speaking to Forklog, he also noted that the new restrictions would not affect Russian residents. But the different treatment of the two countries raises questions about the rationale behind the decision.

The two nations are both members of the Eurasian Economic Union, which forms a common market. They are also subject to U.S. sanctions. But while Washington is constantly expanding its measures regarding Russia, sanctions relief has been granted for nine major Belarusian companies in the past three years. In October, OFAC extended the waivers for another year. The move is part of a policy aimed at encouraging reforms in the country, which is a traditional ally of Moscow.

Belarusians Can Still Buy Cryptocurrencies

Binance Terminates Services for Users in BelarusBelarus is one of only a few jurisdictions in Europe that have adopted crypto-friendly regulations. The number of fintech entities operating in the country has been growing since President Alexander Lukashenko’s Decree No. 8 entered into force in March. The order legalized the business activities of crypto and blockchain companies registered with the Belarus High Technologies Park (HTP) in Minsk.

The circulation and exchange of cryptocurrencies, however, remain largely unregulated. There are no cryptocurrency exchanges in the HTP and Binance’s decision to restrict services in the country will make it even harder for Belarusians to buy, sell and trade coins.

Fortunately, other options are available. A number of online platforms offer exchange services in the post-Soviet space. Best Change, for example, lists dozens of verified online exchanges where crypto-enthusiasts can acquire and trade digital currencies, regardless of sanctions imposed by foreign powers or bans introduced by their own governments.

Binance Terminates Services for Users in BelarusMany platforms support popular payment methods such as Qiwi and Yandex Money, but credit/debit card purchases are also possible. Belarusians can order prepaid Mastercards from Belarusbank, a leading commercial bank in the country. Its Carte Blanche card supports deposits in four currencies — Belarusian rubles, Russian rubles, euros and U.S. dollars. The fiat funds can then be used to buy digital money on any of the Best Change-listed platforms supporting such transactions.

Peer-to-peer exchanges such as Localbitcoins are also available to Belarusians who want to trade their coins. And Crexby, a platform recently launched by Belarusians in the U.S. as the first Belarusian crypto exchange, recently told news.Bitcoin.com that it plans to introduce support for Belarusian ruble trades. The company is already in contact with government officials in Minsk to ensure compliance with local regulations.

What do you think about Binance’s move to stop services in Belarus? Tell us in the comments section below.


Images courtesy of Shutterstock, Belarusbank.


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The Difference Between Custodial and Noncustodial Cryptocurrency Services

Canadian Bitcoin Miner Fortress Blockchain Reports $1.16M Loss in Q3

Fortress Blockchain’s net loss worsened to $1.16 million (1.55 million Canadian dollars) in the third quarter, from $202,000 in the preceding three-month period, as price pressure continues to mount in the global bitcoin mining industry. The Canadian company said depreciation of $291,600 and listing expenses of $293,700 wiped away mining earnings.

Also read: Outrage Over Union Bank of Nigeria’s Threat to Close Crypto-Related Accounts

Revenue Falls as Bitcoin Plummets

Fortress Blockchain, which listed shares on the TSX Venture Exchange in August, sold 179.8 BTC for $1.13 million in the three months to September, at an average price of $6,605 per coin. About 83 BCH was sold for $35,300. The Vancouver-based company extracted much less bitcoin and bitcoin cash during the third quarter, however, as global cryptocurrency prices plummeted. It mined 64.5 BTC and 52 BCH at significantly lower prices compared to the previous quarter.

Canadian Bitcoin Miner Fortress Reports $1.16 Million Q3 Loss as Sector Struggles

Revenue from its mining operations declined 37 percent to $463,900, from $741,000 in the previous quarter, according to an earnings release published Nov. 28. Revenue from the sale of bitcoin mining equipment coupons reached $267,500 in the three months to the end of September.

It said it had faced challenging conditions due to the “volatility in bitcoin prices.” It has also seen a rise in costs related to depreciation, listing and share-based compensation. Gross mining margins came in stronger, however, at 62 percent.

“The industry has gone through a corrective phase where mining difficulties are at an all time high while bitcoin prices have declined,” said Aydin Kilic, chief executive officer and co-founder of Fortress. “At press time, we have noticed the mining difficulty for Bitcoin has significantly decreased. However, this has been outpaced by a significant decline in the price of bitcoin.”

Miners Continue to Struggle

The global price of bitcoin has plunged more than 70 percent since January, dragging the rest of the cryptocurrency market down with it. Companies involved in mining or selling mining hardware have been hit hard. Reports say some companies have gone bankrupt, with a number of miners in China resorting to selling their equipment as junk to cut losses.

Canadian Bitcoin Miner Fortress Reports $1.16 Million Q3 Loss as Sector Struggles

Fortress, which has a market capitalization of $6.40 million, touts itself as a low-cost green energy miner. The company operates about 1,400 S9 application-specific integrated circuit (ASIC) miners at its 2 MW flagship facility in the U.S. state of Washington, with an average operating hash rate of over 18.9 petahash/second.

Fortress has cut staff to achieve cost savings of $26,300 per month, said Kilic, who took a pay cut as part of a broader corporate reorganization exercise. The company also bolstered efficiency by installing Bitmain’s Overt ASIC Boost firmware on all of its mining hardware, resulting in a 14 percent average decline in power consumption, he said.

By the end of September, Fortress had cash on hand of $7.98 million and $19,200 of digital currency holdings, compared to $6.90 million in cash and $769,900 in cryptocurrency at the end of June. Its shares closed up 4.4 percent at $0.09 on Nov. 28.

What do you think about Fortress Blockchain’s quarterly performance? Let us know in the comments section below.


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The US Government Is Powerless to Block Bitcoin Addresses

Chatter Report: Buy Walls, Miner Anonymity and Bitcoin vs. the State

In today’s edition of Chatter Report, crypto influencers debate the importance of buy walls to support crypto prices, reason for and against miner anonymity and ponder the outcome of governments attacking bitcoin.

Also read: Markets Update: Bull Trap or Reversal? Traders Question the Recent Crypto Spike

Hodlers of Last Resort and Buy Walls

Chatter Report: Buy Walls, Miner Anonymity and Bitcoin vs. the State

Early bitcoin adopter and investor in Kraken, Trace Mayer, argues that crypto market capitalizations are important, but not as important as the hodlers of last resort and “buy support.” Mayer reasons that the combination of investors who don’t panic sell their coins and buy orders that are reflected in order books are what keep crypto prices from sliding further down.

Chatter Report: Buy Walls, Miner Anonymity and Bitcoin vs. the State

However, Eric Wall argues that this is incorrect, because buy and sell orders are just an illusion. The cryptocurrency lead at Cinnober reasons that buy walls can be pulled quickly when market sentiment turns bearish, so data on order books can’t really be trusted. Wall’s distrust of order books is also shared by others in the thread, as they point out that over-the-counter market orders are unseen and obscure buy and sell data even further.

Should Miners be Anonymous?

After Nchain proposed the Optimal Miner Pseudo ID, crypto Twitter erupted in a fiery debate over whether miners should be anonymous or have their identities publicly known.

Chatter Report: Buy Walls, Miner Anonymity and Bitcoin vs. the State

Developer Chris Pacia argues that all miners should be anonymous because anonymity makes it more difficult for governments to shut down bitcoin. On the other hand, prominent bitcoiner Alex Pickard believes that miners should be known by the public, as that would “increase trust in the system,” which is better for the bitcoin ecosystem.

The argument then shifted focus to the purpose of Proof of Work (POW), with crypto-Twitter regular Karate McAwesome arguing that POW is set up for miner anonymity.

Chatter Report: Buy Walls, Miner Anonymity and Bitcoin vs. the State

Pickard quickly disagreed, explaining that the point of POW is to prevent double spending and to maintain the fixed supply of bitcoin. He then elaborated, claiming that transparent miner identities could prevent the government from shutting bitcoin down.

Bitcoin vs. the State

Picking up on the idea of governments trying to destroy bitcoin, cryptocurrency proponent Chris G and Bitcoin Uncensored’s Chris DeRose began their own separate discussion. The former argued that bitcoin would benefit from the government trying to destroy it.

Chatter Report: Buy Walls, Miner Anonymity and Bitcoin vs. the State

G reasons that after the Chinese government tried to shut down bitcoin from 2013 to 2015, the subsequent years were fantastic for bitcoin prices. G goes on to draw parallels between bitcoin and Christianity, explaining that governments initially killed all Christians until Constantine figured out how he could benefit from the religion.

Throughout the thread, DeRose appears convinced of G’s arguments. By the end, both parties conclude that divisions in the bitcoin community are more dangerous than governments trying to destroy bitcoin.

What do you think of the significance of buy walls and hodlers to support crypto prices? Should miners be anonymous or known entities? Would governments attacking bitcoin actually be good for it? Let us know in the comments below.


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The Daily: Coinbase Launches OTC Desk, Huobi Opens Derivatives Market

The Daily: Coinbase Launches OTC Desk, Huobi Opens Derivatives Market

In Thursday’s edition of The Daily, we feature stories that show cryptocurrency exchanges continuing to develop advanced services designed to attract institutional investors. These include OTC trading, derivatives and futures.

Also Read: Major Video Card Supplier Enters Cryptocurrency Mining Business

Coinbase Launches Dedicated OTC Desk

The Daily: Coinbase Launches OTC Desk, Huobi Opens Derivatives MarketCoinbase has launched an over-the-counter (OTC) trading desk. The initiative went live earlier this month exclusively for its Prime members, who include hedge funds and other agency-level businesses. These high-rolling clients can now use the service to trade cryptocurrency via direct communication methods such as Skype, email and by phone, as is common for OTC desks in other markets.

“We launched our OTC business as a complement to our exchange business because we found a lot of institutions were using OTC as an on-ramp for crypto trading,” said Christine Sandler, head of sales at Coinbase, in an interview with Cheddar. “We felt this was a huge benefit to our clients to actually leverage both our exchange and our OTC business.”

Unlike other OTC desks, Coinbase claims it is not a counter-party in the deals it helps clients complete. The company plans to eventually offer delayed settlement and perhaps integrate this with its custodial service.

Huobi Opens Crypto Derivatives Market

The Daily: Coinbase Launches OTC Desk, Huobi Opens Derivatives MarketHuobi announced on Wednesday, Nov. 28, it has opened a cryptocurrency derivatives market in beta, now available in selected countries. The contracts available on the new platform enable traders to buy or sell at predetermined prices on a weekly and quarterly basis. The Huobi DM exchange offers up to 20x leverage, and includes investor protections such as a 20,000 BTC insurance fund against catastrophic security failures.

“Cryptocurrency is a rapidly expanding and maturing market,” said Joshua Goodbody, General Counsel of Huobi’s Global Institutional team. “As part of that maturation, we see more and more sophisticated investors and traders from more established financial markets looking to gain exposure, including institutional players. At the same time, we think many experienced, successful cryptocurrency traders are looking for a broader range of investment tools than has traditionally been available. Huobi DM is tailor-made to address these sorts of needs.”

The platform is not currently available to users from the U.S., Singapore, Israel, Iraq, Hong Kong, Cuba, Iran, North Korea, Sudan, Malaysia, Syria, Eastern Samoa, Puerto Rico, Guam, Bangladesh, Ecuador and Kyrgyzstan.

Nasdaq Teams Up With Vaneck on Futures

Just as cryptocurrency exchanges are looking to attract institutional traders, traditional operators are setting their sights on crossing over to the other side.

Nasdaq, for example, now plans to launch regulated bitcoin futures-type contracts in the first quarter of 2019. This is due to a partnership with MV Index Solutions, a Vaneck company with about $14 billion invested in its products, which last week launched an OTC Spot Index.

The cooperation was recently revealed by Gabor Gurbacs, director of digital asset strategies at Vaneck/MVIS.

The Daily: Coinbase Launches OTC Desk, Huobi Opens Derivatives Market

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


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Xunlei Technology CEO: How Blockchain Will Build Value Without Cryptos

Lei Chen, CEO of Xunlei Technology, a digital services company that transformed itself into a blockchain pioneer last year, believes that a blockchain ...

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Will Blockchain Be a Boon to the Jewelry Industry?

Blockchain, which has been used since 2009 to underpin the crypto currency Bitcoin, allows a transaction to be recorded permanently on a database ...

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What is blockchain? The facts behind Cleveland's tech buzzword

CLEVELAND -- Blockchain has been the buzzword lately -- in board rooms and beyond in Northeast Ohio. But what the heck is it? And what could it ...

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First Blockchain Association in Mexico Established

The first blockchain association in Mexico has formed, its founding members including industry players like blockchain software firm ConsenSys, ...

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Amazon Announces Pair Of Blockchain Services

Amazon Quantum Ledger Database and Amazon Managed Blockchain may attract users, but the notion of a managed blockchain will strike some as a ...

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Crypto-King Who Bought BitTorrent Sinking $100 Million Into Putting Video Games on the Blockchain

The price of cryptocurrencies may be steadily going down the tubes, but true believers are still hanging on to the blockchain dream. Justin Sun, the ...

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Finney, the 'world's first blockchain smartphone' by Sirin Labs, is now up for pre-order

Most of the details surrounding Sirin Labs' Finney "blockchain phone" were revealed back in the spring/summer, including the Safe Screen dual ...

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SIRIN LABS Releases $999 Blockchain Phone: 'FINNEY'

The $999 phone is the first of its kind, integrating blockchain technology at its core in order that its users may can securely use blockchain products.

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AWS joins the blockchain party

Amazon Web Services announced two cloud-based services for organizations that want to create and manage scalable blockchain networks.

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How Blockchain Will Impact Your Clients

As blockchain technology reaches its 10th birthday, many CPAs and accountants continue to ask how this disruptive technology will impact their ...

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SIRIN LABS Unveils FINNEY™: The World's First Blockchain Smartphone That's Ready to Hit Market

FINNEY™ will offer its users a truly mobile blockchain experience, complete with an embedded cold storage crypto wallet, combined with state of the ...

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CEO AriseBank, a Blockchain Startup May Face 120 years in Prison for $4M Crypto Scam

Rather to develop a product with raised funds, a blockchain based startup used it to afford the luxury lifestyle. A former CEO of AriseBank, Jared Rice ...

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You can pre-order Sirin Labs' $1000 blockchain phone – but there's a catch

Blockchain fans are now able to place the first orders for the FINNEY, a fully-featured smartphone that comes complete with an embedded hardware ...

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Sirin Labs' $999 Blockchain Phone Will Start Shipping in December

Finney, the blockchain phone announced at the apex of the 2018 token craze, is expected to start shipping in late December. Unveiling its final design ...

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BitNautic joins the Blockchain in Transport Alliance

BitNautic, an all-in-one hub for the global trade industry, has joined the Blockchain in Transport Alliance (BiTA), an organization dedicated to ...

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Amazon reveals its own blockchain platform

In addition to its new managed ledger database, Amazon also revealed that it had created its own managed blockchain service called AWS Managed ...

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Nouriel Roubini on Amazon's new blockchain services; says it is a centralized database

“a Blockchain is a concept for representing information in a structured way. it says nothing about central or decentralized. That aspect only comes into ...

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Oil traders to make deals on live blockchain for first time as platform goes live

Oil traders can start finalizing crude oil deals on a live blockchain-based platform for the first time, Reuters reports, after London-based platform Vakt ...

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Oil-Trading Blockchain Platform VAKT Launches With Shell, BP as First Users

Post trade management platform VAKT has launched its blockchain-based processing tool to an initial group of crude oil industry clients, a press ...

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Rlay offers a blockchain-powered platform to help companies build better crowdsourced data sets

The team behind Rlay believes that blockchain technology can play a crucial role in helping businesses crowdsource their data-gathering tasks.

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BitcoinTV by Altcoin Daily on YouTube

BREAKING: Zcash (ZEC) Added to Coinbase Pro! BUT w/ RESTRICTIONS! [Crypotcurrency Announcement]
Zcash (ZEC) listed on Coinbase Pro! With RESTRICTIONS! How has the price been affected? You are gonna like this video. Follow us on Twitter: https://twitter.com/AltcoinDailyio Like. Subscribe. #Zcash #Crypto #Coinbase #bitcoin # crypto ****NOT FINANCIAL ADVICE. JUST OPINION. bitcoin, cryptocurrency, crypto, altcoin, altcoin daily, blockchain, decentralized, news, best investment, top altcoins, ripple, ethereum, electroneum, tron, stellar, binance, basic attention token, bat, brave browser, next coin on coinbase, what happened to zcash, why is Zcash pumping, why is zec, crashing, added to coinbase, listed on coinbase, what happened, stellar, zcash, cardano, coinbase pro, privacy coin, best privacy coin, crypto news, invest, trading views, twitter,


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BitcoinTV by Altcoin Daily on YouTube

Everything You Need To Know: Starbucks Accepting Bitcoin 2019? Coinbase Opens OTC Desk!
Let me refresh you on all the facts (that we know of) regarding the Starbucks partnership with Microsoft and Bakkt. We could possible see Starbucks accepting Bitcoin as early as 2019. Let's get into it! Like. Subscribe. Follow Us On Twitter: https://twitter.com/AltcoinDailyio Sources: Starbucks May Open the Doors for Bitcoin Payments In 2019 https://ift.tt/2BCb9B2 Intercontinental Exchange Announces Bakkt, a Global Platform and Ecosystem for Digital Assets https://ift.tt/2OPlCAR Coinbase Quietly Opened Its OTC Crypto Trading Desk This Month https://ift.tt/2DNaz5c #bitcoin #starbucks #bakkt #cryptocurrency #coinbase ***NOT FINANCIAL ADVICE! JUST OPINION! I AM NOT AN EXPERT! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! bitcoin, cryptocurrency, crypto, altcoin, altcoin daily, blockchain, decentralized, news, best investment, top altcoins, ripple, ethereum, electroneum, tron, stellar, binance, starbucks, accepting bitcoin, 2019, 2018, 2020, accept, merchant, adoption, bitcoin payment, coinbase, otc, opened, trading desk, q4, december, january, february, bakkt, microsoft, what is, bounce, low, dip, lower, higher, fundamental,


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Floyd Mayweather and DJ Khaled settle SEC charges over promoting cryptocurrencies

Boxer Floyd Mayweather Jr. and music producer and rapper Khaled Khaled — better known as DJ Khaled — will each pay hundreds of thousands of ...

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A new investment in the cryptocurrency market

There was a time when everybody was speaking about cryptocurrencies, especially about bitcon. Even some people were wearing t-shirts with bitcoin ...

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Storing and Securing Cryptocurrencies

Keeping cryptocurrencies safe involves a different set of challenges than keeping your cash assets, stocks or bonds secure. And crucially, because ...

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Commodity Backed Cryptocurrencies are NOT 'Stable Coins'

In backing a cryptocurrency with anything, the challenge with commodities is that you actually have to stockpile the asset somewhere. For DGX, they ...

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Storing and Securing Cryptocurrencies

For many of us, certain concepts about how cryptocurrencies work and serve as a means for exchange or investment can be difficult to grasp. One of ...

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ASUS Announces Crypto-Mining Partnership Despite Market Challenges

The partnership will allow owners of ASUS-branded graphics cards to mine for cryptocurrencies like Bitcoin and Ethereum, while a GPU is idle.

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BitcoinTV: by The Cryptoverse on YouTube

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Automotive Blockchain Equal Parts Promise, Skepticism

LOS ANGELES – The automotive blockchain holds great promise, but experts warn automakers and suppliers to apply it surgically and only where it ...

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First American, Old Republic Title bringing blockchain to title insurance

First American Financial announced Wednesday that it is launching a shared blockchain system to be used in the title insurance process. And the first ...

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UAE Presents Blockchain and AI Initiatives Following Annual Government Meeting

The Second United Arab Emirates (UAE) Government Annual Meetings concluded with the introduction of two initiatives pertaining to blockchain and ...

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Swiss Brand to Become First European Country to Trace Tuna on the Blockchain

A number of blockchain projects for supply chain purposes are underway around the world. Fish-related initiatives include Provenance's fight against ...

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Amazon Announces Two Blockchain-Related Products; Quantum Ledger and Managed Blockchain

E-commerce giant Amazon announced the debut of two new services, Amazon Quantum Ledger Database (QLDB) and Amazon Managed Blockchain ...

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Amazon Managed Blockchain

Amazon Managed Blockchain is a fully managed service that makes it easy to create and manage scalable blockchain networks using the popular ...

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Amazon Enters Blockchain Market With Cloud-Computing Services

Amazon.com is jumping on the blockchain wave with new cloud services that help customers build the technology needed to record transactions.

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Amazon Web Services CEO Andy Jassy on Cloud Competition, Blockchain, and AI Chips and ...

Jassy said while people would always ask when AWS would debut a blockchain service, which competitors like Oracle and IBM have done in recent ...

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Amazon Has Launched a New Service for Building Blockchains

Tech giant Amazon is launching a blockchain service to help clients develop blockchain networks without incurring the costs of creating their own ...

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How Blockchain Technology Could Transform Retail Operations

Blockchain and its flashier cousin, Bitcoin, have dominated news cycles for the past year or two, but have yet to be utilized by mainstream industries.

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Despite cryptocurrency crash, Amazon sees opportunity to embrace blockchain

Even as cryptocurrencies are getting crushed, Amazon sees plenty of opportunity with blockchain technology. The company said on Wednesday that ...

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AWS Finally Buys Into Blockchain Hype With Two New Products

Amazon Web Services (AWS) had not launched a blockchain service despite the huge hype around the trend, because the company didn't ...

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Loopring announces PwC-Loopnest Blockchain Acceleration Programme

Loopring has announced the PwC-Loopnest Blockchain Acceleration program in conjunction with PricewaterhouseCoopers (PwC), which is one of ...

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New WTO publication analyses potential impact of Blockchain on international trade

Amid growing interest and debate on Blockchain, the WTO launched a new publication today (27 November) that seeks to demystify the technology ...

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BitcoinTV by Decentralized TV on YouTube

A Bit Too Far with GrammatonCleric! - Welcome! - Who am I? Why am I Here? History of Sundrop.io!
💰Get on the Waiting List ★ https://yen.io // GET THE APPS 💰 Social Exchange - http://yen.io 🚀 Market Cap - http://coinpuffs.com 💥 Stay Woke - http://cryptoyum.com 📚 Free Email Course - https://ift.tt/2En44mC // GET STARTED 🚀 Become a #Yenizen - Support us on http://patreon.com/pub 💻 Join us at the PUB! - http://thebitcoin.pub 💰Get a Coinbase Wallet! - http://dctv.co/dctv-coinbase - Sign up! // WE DO SOCIAL 🔑 Decentralized Newsletter - https://dctv.co/dctv-news 📔 Twitter - https://dctv.co/dctv-twitter ✏️ LinkedIn - https://dctv.co/dctv-linkedin Note: This is not financial advice as all investing is speculative. Have fun and good luck!


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NYSE Chairman Answers With ”Unequivocal Yes” To Whether Crypto Will Survive

NYSE Chairman Answers With ”Unequivocal Yes” To Whether Crypto Will Survive
NYSE Chairman Answers With ”Unequivocal Yes” To Whether Crypto Will Survive

The chairman of the New York Stock Exchange, Jeff Sprecher, has recently weighed in on cryptocurrencies. More specifically, Sprecher said that both cryptocurrencies and Bitcoin are here to stay – notwithstanding the current bearish market sentiment. Sprecher: Digital assets have a bright future These comments came during the ongoing CoinDesk ”Consensus: Invest” conference. Toshi Times […]

The post NYSE Chairman Answers With ”Unequivocal Yes” To Whether Crypto Will Survive appeared first on Toshi Times.



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Coinbase Launches OTC Crypto Trading Desk

Coinbase Launches OTC Crypto Trading Desk for Institutional Investors
Coinbase Launches OTC Crypto Trading Desk for Institutional Investors

The popular American crypto exchange Coinbase has launched an over-the-counter (OTC) trading desk, dedicated for institutional clients. Speaking to New York-based media outlet Cheddar, Christine Sandler, head of sales at Coinbase, revealed that the new service will be available for Coinbase Prime customers. Coinbase has been luring institutional investors for a while An OTC trade […]

The post Coinbase Launches OTC Crypto Trading Desk appeared first on Toshi Times.



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BITCOIN (BTC) blockch✂️ain FORKS

🚧🛑🚧🛑🚧🛑🚧🛑🚧🛑🚧🛑🚧🛑🚧 Bitcoin Cash:  Forked at Block 478558, 1 August 2017, For each 1 BTC you get 1 BCH Bytether:  Cross for...