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Topics - micko09

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31
The Bank of England's updated payments system will be compatible with blockchain-based financial technology forms, Reuters reported Monday.

The announcement is the latest in the BoE's ongoing efforts to modernize its Real-Time Gross Settlement system (RTGS), which is essential for banking and trading in Britain and handles transactions worth around ‎£500 billion annually, or almost a third of the country's economic output. The upgraded system is expected to be launched in 2020, and will be designed to be resistant to cyber-attacks while also being available to a wider number of smaller businesses.

This would enable these businesses to use the system directly, rather than through a proxy of a large bank.

See more - https://www.coindesk.com/uk-central-bank-says-new-payments-system-will-be-blockchain-friendly/

32
Central bank issued digital currencies will not reshape its competitors in the cryptospace. Its competitors, and I would assume they are implying it is bitcoin and altcoins, have reshaped them. So what is there response? A centralized, supervised digital fiat that will neither bring anything new or any disruption.

Maybe they have not yet deeply understood what a real cryptocoin is.

A research on problems with competitors in fintech, commissioned by the European Parliament Committee on Financial and Financial Affairs (ECON), was revealed July 20. It discovered that central bank-issued digital currencies could possibly be a “treatment” for an absence of competitors coverage within the crypto sector:

“The arrival of permissioned cryptocurrencies promoted by banks, even by central banks, will reshape the present competitors degree within the cryptocurrency market, broadening the variety of rivals.”

Personal digital currencies are outlined individually from central bank-issued digital currencies (CBDC), noting that the CBDCs differ by being based mostly on a “typical bilateral settlement with a trusted central celebration.”

In response to the research, since closed cryptocurrency methods require a supervisory authority, central banks could possibly be contemplating utilizing “permissioned cryptocurrency methods” to “complement or substitute” the currencies already used.

Read in full https://maplecoins.org/central-financial-institution-digital-currencies-will-reshape-competitors-in-crypto-market/

33
drop your opinyon mga paps, ano sa palagay nyo ang maganda iinvest ? (bitcoin, property or gold) , at ano ano ang nakitang mong advantage kung bakit ito ang sa tingin mong maganda?

34
Bill Barhydt, CEO of cryptocurrency investment app Abra, has become the latest expert to strike a bullish prediction on Bitcoin price.

In an interview with American technology news media Inverse, Barhydt said that the market could see Bitcoin test $50,000 over the “long-term.”

Over the year, we have seen massive bullish predictions on bitcoin price from various cryptocurrency expert. Last week, Fundstrat research chief Tom Lee revised an earlier bitcoin price prediction from $25,000 to $22,000. In June, Arthur Hayes, the CEO of UK-based crypto exchange BitMEX stated that a positive regulatory move by the US Securities and Exchange Commision could see bitcoin climb to $20,000 or even $50,000 by the end of the year.

However, in stark contrast to other price predictions, the CEO of Abra didn’t specify a time frame, making his expectation of a $50,000 Bitcoin more feasible. Unlike other bullish figures, Barhydt noted that the investing rationale seen in December was rather ambitious, stating that the current prices indicated that “we got way ahead of ourselves.”

These predictions and opinions do not come without value, as Abra has quickly become a leading service for mobile-centric cryptocurrency investors. The crypto services firm hopes to accelerate adoption rates, by offering an easy-to-use and accessible service for fiat-to-fiat, fiat-to-crypto, and crypto-to-crypto trades.

Most recently, Abra added a new feature that allows users to directly purchase Bitcoin through Visa or Master debit or credit purchases. This new system can facilitate international transactions with values ranging from $50 to $20,000. The firm now supports 25 cryptocurrencies and 50 fiat currencies, using smart contracts to offer trades between supported currencies.

It is apparent that the unique features which Abra offers has become a main selling point for the app as Barhydt noted that “Abra’s growth in 2018 has been massive over last year,” adding that Abra’s reach now extends to 75 countries, with its expansive customer base conducting “hundreds of millions of dollars worth of cryptocurrency exchanges this year.”

https://news.bitzamp.com/another-wild-price-speculation-abra-ceo-expects-bitcoin-to-reach-50000-in-the-long-term/

35
Nearly two years after its initial announcement and months of delays this year, the world’s first bank-owned cryptocurrency exchange finally sees its public launch in Japan.

With an announcement on Tuesday, Japanese financial giant SBI Holdings has formally launched its cryptocurrency exchange platform, dubbed ‘VCTRADE’.

As reported by CCN in early June, SBI first announced a limited launch of the exchange for some 20,000 pre-registered users – enrolled during an early alpha last year – while holding off on a wider public launch in Japan, one of the world’s largest cryptocurrency trading markets where exchanges are required to be licensed under regulatory laws.

SBI Holdings, through its wholly-owned subsidiary SBI Virtual Currencies – the operator of VCTRADE – has now begun accepting applications from Japanese users for new accounts. The public launch sees the bank-backed cryptocurrency exchange open its doors for all Japanese residents between 20-70 years. At this time, the exchange is only accepting retail investors with no applications from corporate or institutional investors currently under consideration.

During its preliminary launch last month, VCTRADE initially offered trading of XRP, Ripple’s native token that powers the Ripple Consensus Ledger (RCL). SBI Holdings is intrinsically partnered with Ripple with its crypto foray, jointly-operating SBI Ripple Asia with the San Francisco-based FinTech giant to explore the application of Ripple’s blockchain tech and XRP in remittance flows among Asian markets.

Within weeks, VCTRADE also added support for Bitcoin Cash (BCH/JPY) and Bitcoin (BTC/JYP), a total of three cryptocurrencies support so far since its preliminary launch in early June.

As reported previously, SBI postponed the launch of its exchange in early 2018 despite completing its registration and acquiring a license from the Financial Services Agency (FSA), Japan’s financial regulator, in September 2017.

The financial giant determined it had to strengthen its security measures further – in the aftermath of an infamous $530 million hack of Tokyo-based exchange Coincheck in January – as justifiable cause for the self-enforced delay earlier this year.

The SBI Group first announced its intent to launch its in-house cryptocurrency exchange in October 2016, making it the first mainstream traditional financial institution to enter the crypto space.

“In recent years, virtual currencies, like bitcoin, have attracted plenty of interest and have been covered in major media,” the company said at the time. “It [cryptocurrencies] are also being traded actively.”

https://www.ccn.com/worlds-first-bank-owned-cryptocurrency-exchange-launches-publicly-in-japan/

36
The U.S. Securities Exchange Commission (SEC) has received an application for a Bitcoin ETF license from CBOE Global Markets. Although the U.S. regulator has historically taken a hard stance on crypto-backed funds, other applications have unfortunately not been approved, but a Bitcoin ETF seems to have a better chance of success. SEC recently made a

Read More: https://news.bitzamp.com/cboe-files-new-bitcoin-etf-licence-application-with-sec/

37
In your opinion, which one is the best investment? and what is the advantage of your choice?

38
Articles about Cryptocurrency / New York Looking for Crypto Miners
« on: July 16, 2018, 07:55:06 AM »
Bloomber

New York just cracked open a door for electricity-sucking cryptocurrency miners to take advantage of some of its cheapest power supplies.

State regulators approved a new rate structure Thursday for one upstate utility that will allow miners interested in running operations there to negotiate contracts. Massena’s municipal utility will review the contracts individually while shielding the rest of its ratepayers from increased costs. Just four months earlier, New York cleared 36 other municipal power authorities to charge miners a higher rate than that paid by other customers.

New York is among the hydro-rich regions of the world that cyrptocurrency miners have targeted in a search for cheap power. From Quebec to Iceland to China, locals are raising concerns that miners will soak up low-cost hydropower supplies and raise power bills for everyone. That’s left governments including New York trying to strike a balance between attracting new business and protecting residents from rising energy costs.

“We must ensure that business customers pay a fair price for the electricity that they consume,” New York State Department of Public Service Chair John Rhodes said in a statement Thursday. “However, given the abundance of low-cost electricity in Upstate New York, there is an opportunity to serve the needs of existing customers and to encourage economic development in the region.”

39
Crypto Wallet Founder Believes Bitcoin Could Hit $60,000 This Year


Cryptocurrency values have taken a hit as of late, but movement on the regulatory front has lifted many observers’ spirits. One crypto startup executive believes bitcoin’s price could hit $60,000 this year, despite its dip from a near $20,000 high in December to the $6,000 range.

Julian Hosp, co-founder and president of TenX, a crypto wallet, told CNBC during the RISE tech conference in Hong Kong that he expected to see bitcoin’s price fall to $5,000 when it reached its December highs, and he remains confident that a $60,000 price this year is feasible.
Positive Event Needed

Hosp acknowledged that a major positive event will be needed to achieve the $60,000 price this year. Such an event could be a country making a positive announcement about bitcoin or a bitcoin exchange traded fund coming to fruition.

Should such an event not occur, Hosp admitted it will take more time for bitcoin to reach $60,000. He said the price will need to surpass the $10,000 mark by August. Should this happen, media coverage will be positive, making the $60,000 price possible.


While many crypto observers view regulatory activity as positive, regulatory scrutiny has put downward pressure on cryptocurrency prices. Many observers were relieved when the U.S. Securities Exchange Commission stated this month that Ether and bitcoin are not securities.


Source: https://www.ccn.com/crypto-wallet-founder-believes-bitcoin-could-hit-60000-this-year/

40
There are trillions of dollars worth of capital not being used. Or rather, they are being used so ineffectively that they might as well not be used. Capital tied up in the supply chain and slowed by the ancient fiat system results in a lot of waiting, borrowing and general ineffective use. Sweetbridge thinks they can fix that, but only if regulators let them.

The financial regulatory system in the United States is a hodgepodge of different state regulations, federal regulators and red tape that is preventing financial innovation that could free up untold capital and reinvigorate our economy.

https://coinjournal.net/regulation-is-why-the-us-is-losing-the-crypto-war/

41
London School of Economics Launches “Cryptocurrency Investment and Disruption” Course

Read More Here: https://news.bitcoin.com/london-school-of-economics-launches-cryptocurrency-investment-and-disruption-course/
By: Avi Mizrahi




The London School of Economics and Political Science (LSE) has launched a new online certificate course titled “Cryptocurrency Investment and Disruption” headed by Dr Carsten Sørensen, Associate Professor of Information Systems and Innovation. LSE has thus joined the growing list of top notch institutions offering crypto classes such as Cambridge, NYU, Northwestern, Stanford, Wharton and Georgetown, as well as others.

The new LSE crypto educational option seems to be quite accessible as there are no prerequisites for the course and its cost is also not unreasonable at just £1,800. It starts on 14 August 2018, and will take six weeks to complete (excluding orientation) with an estimated commitment of about seven to ten hours per week. This course is also certified by the United Kingdom CPD Certification Service, if that is relevant for you.

Are you interested in attending an academic cryptocurrency course? Share your thoughts in the comments section below.

42
London School of Economics Launches “Cryptocurrency Investment and Disruption” Course

Read More Here: https://news.bitcoin.com/london-school-of-economics-launches-cryptocurrency-investment-and-disruption-course/
By: Avi Mizrahi



The London School of Economics and Political Science (LSE) has launched a new online certificate course titled “Cryptocurrency Investment and Disruption” headed by Dr Carsten Sørensen, Associate Professor of Information Systems and Innovation. LSE has thus joined the growing list of top notch institutions offering crypto classes such as Cambridge, NYU, Northwestern, Stanford, Wharton and Georgetown, as well as others.

The new LSE crypto educational option seems to be quite accessible as there are no prerequisites for the course and its cost is also not unreasonable at just £1,800. It starts on 14 August 2018, and will take six weeks to complete (excluding orientation) with an estimated commitment of about seven to ten hours per week. This course is also certified by the United Kingdom CPD Certification Service, if that is relevant for you.

Are you interested in attending an academic cryptocurrency course? Share your thoughts in the comments section below.


43
https://www.forbes.com/sites/oliversmith/2018/07/09/french-crypto-wallet-ledger-is-solving-bitcoins-biggest-flaw-for-financial-giants/#786b33923ca1

ledger looks like they're taking things to the next level with possible partnerships with the true global tech players and introducing new products for institutional level players, though that can hardly be the biggest market.

interesting to see how profitable they are as well.

it's a shame they screwed the pooch with the ledger blue. that's a little bit of a black mark for them.

44



Someone claiming to be Nakomoto published 21 pages of new material—a sneak preview, allegedly, of a book about the origins of the first cryptocurrency.

The excerpt appeared at NakamotoFamilyFoundation.org, a website anonymously purchased three days earlier via Amazon’s domain registrar.

As Cryptoslate notes, The Nakamoto Family Foundation website certainly reflects the mysterious persona of the creator of Bitcoin, providing readers within insight into the earliest days of Bitcoin development alongside a cryptogram that, when solved, provides the title of the two yet-to-be-released books: “honne and tatamae.”

The terms used as titles for the books, in a similar manner to the double entendre associated with the Satoshi Nakamoto pseudonym, are associated with a Japanese expression that “the contrast between a person’s true feelings and desires” and “the behavior and opinions one displays in public.”

According to the post, the book will be divided into two parts, according to the results of a “cryptopuzzle” published with the post.

For those unaware, Satoshi Nakamoto is a pseudonymous name integrally tied to the identity of the world’s most popular cryptocurrency, Bitcoin. Speculation has raged about the true identity of the programmer who created the Bitcoin code base.

This new Nakamoto—who still does not want his real identity revealed—declined to move any coins or sign anything with his own keys.

According to information provided to WIRED:

    “He” (if it is a him) is not … any of the three leading Nakamoto suspects: Wright, Nick Szabo, or Dorian Nakamoto, the person identified previously by Newsweek”.

Whether the post’s author is indeed the real Nakamoto cannot yet be verified.

Craig Wright, an Australian academic and chief scientist at nChain, who claimed to be Nakamoto back in 2015, with no adequate proof provided though, took to Twitter after the announcement was made, saying that its author “cannot get the dates nor technical details correct.”

However, the text of the excerpt contains some of potentially new, identifying details on the alleged Nakamoto’s background. Notably, his mother is described as an author and his grandmother as the founder of a very small publishing company. At age 14, the author writes, he was drawn into the cypherpunk community, “where anonymity was as fundamental as breathing.”

The books also claims the author was in his 20s when he began posting about bitcoin while working as a university researcher in a lab, and that he came up with the pseudonym Satoshi Nakamoto because it was the Japanese “equivalent of ‘John Smith’”—though he all but confirms that he is not Japanese.

The author devotes considerable space in the new excerpt to explaining his desire for privacy, describing how he ran the network on his own computers using anonymizing software. He notes, though, that he forgot one detail in shielding his identity: time stamps.

    “Some were intuitive enough to graph together the hours in which I would post on the forums and commit to the repository and formed a literal ‘map’ of when I was awake and when I was asleep,” he writes, a map that identified him as appearing to keep the hours of someone on the East Coast of the United States.

Otherwise, the bulk of the excerpt offers a history of bitcoin’s origins by detailing the author’s purported correspondence with other prominent members of the cryptographic community: Adam Back, Wei Dai, Gavin Andresen, and Hal Finney.

Bitcoin, the author writes, “arose out of the many failed attempts by many groups, and the only reason it succeeded was because it was at the right place, at the right time.”

The document is also filled with unverified details about the early days of the project. The blockchain, he writes, was initially referred to as the “time chain.” A fork, the mechanism by which cryptocurrency projects split off from each other, was originally called a “branch point.”

And as for why he capped the supply of bitcoins the way he did, he offers this explanation:

    “Why 21 million? The truth is, it was an educated guess.”

In the document, the purported Nakamoto says he left the Bitcoin project by Christmas 2010, rather than the long-publicly acknowledged date of his departure, April 2011.

As he explains, “I tried my best to leave no affirmation that I had ever existed at all, and everything that did link me I put into a series of files, so in the case I left, anyone could take on the persona. There are other, more serious reasons for leaving that I will not include here but will be mentioned in the book.”

Gavin Andresen, one of the early pioneers on the project who could presumably verify whether Nakamoto’s early departure date was accurate, declined to speculate about the document’s authenticity, saying by email to Wired, “No comment—I’m retired from the ‘who was Satoshi’ game.”

Researchers believe that the person or persons who invented Bitcoin still retains upwards of 900 000 BTC, a fortune even at today’s prices (around $6bln), enough, if he is an American, to place Nakamoto among the 100 wealthiest Americans.

    “The truth is one that people will not come to expect,” Nakamoto says in the excerpt.

45
Thailand SEC Reveals Date for Enacting ICO Licensing Rule


Source: https://www.coindesk.com/thailand-sec-reveals-deadline-for-enacting-ico-licensing-rule/
By Wolfie Zhao


Thailand's financial market regulator has said a new rule governing local initial coin offerings (ICO) will take effect on July 16.


The Thailand Securities and Exchange Commission (SEC) issued an announcement on Wednesday that outlines when the new rule kicks in, making Thailand one of the first countries to allow ICOs in a regulated environment. The SEC said under the new regulatory framework, any entity seeking to conduct an ICO must first file an application for approval with the regulator.

But instead of directly screening applications from individual ICO projects, the SEC will first evaluate filings submitted by so-called "ICO portals," which are online marketplaces where potential ICO organizers can operate their token sales.

The SEC said those approved ICO portals will be responsible for screening projects, after which the applications of those selected projects will then be considered.

As previously reported by CoinDesk, the new law is a result of a months-long process that saw public hearings and legislative debates regarding how to regulate cryptocurrency and ICOs in the country. A royal decree on the matter was initially announced in May.

The SEC said ICO portal applicants must be registered businesses in Thailand with a minimum registered capital of 5 million baht, or $150,000. These portals must have adequate resources to evaluate an ICO issuer's business plan, project structure, technical capacity, and source code, according to officials.

In addition, the SEC said only Thai baht and seven cryptocurrencies can be accepted in token sales, including bitcoin, bitcoin cash, ethereum, ethereum classic, litecoin, XRP, and lumens.

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