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Topics - mskumar

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Blockchain Technology / BlockShow releases report on the best European countries for blockchain startups

« on: May 17, 2018, 05:08:19 PM »

Blockchain conference, BlockShow Europe 2018 has released a study identifying the top 10 European countries for starting a blockchain company. Switzerland is number one on the list, due to its positive regulatory dynamics and forward-thinking position on setting government guidelines for crypto startups. The country has been a hotbed for crypto innovation as home to Zug’s “Crypto Valley.” Gibraltar and Malta round out the top three due to similar dynamics and government participation.

The study looked at 48 European countries in total, analyzing different aspects to determine which of them promoted blockchain and cryptocurrency advocacy, while also looking at actual regulations set in place for the growing blockchain sector. The official criteria used examines Initial Coin Offering (ICO) regulations, regulations on cryptocurrency as a form of payment, as well as the taxation of cryptocurrencies.
SOURCE:https://itsblockchain.com/blockshow-releases-report-on-the-best-european-countries-for-blockchain-startups/

Articles about Cryptocurrency / EXMO Introduces Brand-new Cashback Scheme for Cryptocurrency Traders

« on: May 17, 2018, 02:57:22 PM »

Launched in 2014 the EXMO exchange is one of the oldest cryptocurrency exchanges in the ecosystem and currently offers over 40 active currency trading pairs, with 16 unique currencies. The company also provides a comprehensive exchange model for cryptocurrency trading, helps newcomers learn about cryptocurrency trading, and is now launching a brand-new cashback system for the cryptocurrency market called Cashback.

EXMO Introduces Cashback Scheme, Returning 70 Percent of Commissions
The Cashback initiative will encompass every trader on the EXMO platform and provides another key reason for traders to use their exchange.

Initiated on May 1, 2018, Cashback schemes are increasingly becoming a popular concept applied in the cryptocurrency world. For example, Revolut is offering a cryptocurrency card that gives cashback in the form of bitcoin offering one percent. The cashback scheme will no doubt boost the use of the EXMO exchange.

As for the benefits to traders of offering cashback, they include reducing currency risk for traders as the cashback is delivered in the transaction currency. Secondly, cashback is credited on a daily basis, with EXMO already paying out 278.20 bitcoin in the past 30 days. Thirdly, the cashback system is based on a flexible rate that is linked to the volume of the exchange and finally, as much as 70 percent of the commissions earned by the platform can be returned to users.

What Do You Need to Know as a Trader?
Well, cashback received depends on the type of trading orders you make on the EXMO platform; maker and taker. You are a maker if you set limit orders and provide the exchange with liquidity, while takers are those traders who take what the market is giving them. The commission on market and executed limit orders are returned for the taker rate, while commission on open limit orders is returned for the maker rate.
SOURCE:https://btcmanager.com/exmo-introduces-brand-new-cashback-scheme-for-cryptocurrency-traders/?utm_source=onesignal&utm_medium=push

Legality & Taxation of Cryptos / Thailand Successfully Regulates Cryptocurrencies and Initial Coin offerings

« on: May 17, 2018, 02:14:18 PM »

2018 continues to be a year of cryptocurrency regulations as a slew of nations have started putting the finishing touches to the rules that would govern their blockchain and digital currency space. Now, Thailand has announced that its royal decree to regulate virtual currencies has come into effect.

Cryptocurrencies are Digital Assets
Back in February 2018, BTCManager reported that Thai authorities were on the verge of legalizing initial coin offerings (ICOs) in the Asian nation, in a manner that would encourage innovation, while protecting investors optimally.

“The SEC Thailand encourages access to funding for businesses, including high potential tech startups, and realizes the potential of ICO in answering startups’ funding needs. In cases where an ICO constitutes an offering of securities, the issuer will need to comply with applicable regulatory requirements under the SEC Thailand’s purview,” the SEC declared.

According to the Bangkok Post, the royal decree for the regulation of cryptocurrencies, a 100-section law, was published in the nation’s Royal Gazette on May 13, 2018.

Per the Bangkok Post, the latest regulation defines cryptocurrency as digital assets and digital tokens, as such, they must come under the purview of Thailand’s Security Exchange Commission (SEC). With this latest development, all crypto-related businesses are required to register with the SEC within 90 days or face legislative consequences.
SOURCE:https://btcmanager.com/thailand-successfully-regulates-cryptocurrencies-and-initial-coin-offerings/?utm_source=onesignal&utm_medium=push

Bitcoin News & Updates / Bitcoin in Brief Thursday: OECD Explores Cryptocurrencies, Central Asian Powerho

« on: May 17, 2018, 01:51:34 PM »

In today’s edition of Bitcoin in Brief we’re focusing on developments in the realm of international politics and economics regarding cryptocurrencies. The Organization of Economic Cooperation and Development is looking into the possible uses of digital coins and the associated technologies. Kazakhstan is calling for the adoption of common crypto rules by the United Nations, while Iran and Russia are thinking about using cryptocurrency in bilateral trade.
SOURCE:https://news.bitcoin.com/bitcoin-in-brief-thursday-oecd-explores-cryptocurrencies-central-asian-powerhouse-calls-for-un-crypto-rules/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

Bitcoin Cash Forum / Bitcoin Cash Community Sees OP_Code Innovation After Upgrade

« on: May 17, 2018, 09:27:25 AM »

It’s been well over a day since the Bitcoin Cash (BCH) network upgraded its protocol, and the consensus rules now come with a 32MB block size. Although the block size increase is quite a feat, BCH developers have also expanded the network’s default data-carrier-size to 220 Bytes and re-enabled some old Satoshi OP_Codes that were previously removed from earlier codebases. Now over the past 24-hours, lots of people have been playing around with the new BCH features.
SOURCE:https://news.bitcoin.com/bitcoin-cash-community-sees-op_code-innovation-after-upgrade/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

Articles about Cryptocurrency / HTC to Launch Its Own Cryptocurrency-Focused Smartphone, Exodus

« on: May 16, 2018, 07:05:23 PM »

With HTC entering the race, a second cryptocurrency supporting smartphone created by a major electronics manufacturer is now on its way to the market. Could this be the start of a trend by all device makers to embed features such as hardware wallets into phones to help increase sales among more tech-savvy consumers?
SOURCE:https://news.bitcoin.com/htc-to-launch-its-own-cryptocurrency-focused-smartphone-exodus/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

Coinbase / Coinbase Announces the Launch of New Products for Institutional Investors

« on: May 16, 2018, 03:55:43 PM »

The cryptocurrency market is expanding every day with new developments popping up from time to time. The market has in recent times, welcomed more sophisticated institutional participants. More traditional financial institutions, companies, business organizations, have embraced cryptocurrency and many use it as one of the payment options.

Coinbase, a digital currency exchange platform where merchants and consumers can make transactions with digital currencies such as bitcoin, ether, and litecoin, founded in 2012. The exchange announced on May 15, 2018, the launch of four new products targeted at institutional investors. The products were developed to satisfy investor’s needs in cryptocurrency trading and investment.

Coinbase Custody
The Coinbase Custody, one of the four products launched by Coinbase, is a cryptocurrency custodian and the most secure cryptocurrency storage solution available. Coinbase has partnered with an SEC-regulated broker-dealer to create Coinbase Custody and offer a service that couples Coinbase cryptocurrency security excellence with third-party auditing and financial reporting validation that tends to operate a high standard of and SEC-regulated, custodial broker-dealer.

The institutional investors along with representatives will get some services for using Coinbase custodial services. Coinbase Custody aims to make digital currency investment accessible to every financial institution and hedge fund in the world.
SOURCE:https://btcmanager.com/coinbase-announces-the-launch-of-new-products-for-institutional-investors/?utm_source=onesignal&utm_medium=push

News related to Crypto / Federal Reserve Pres: People Want Dollar, Not Volatile Crypto

« on: May 16, 2018, 03:51:30 PM »

St. Louis Federal Reserve President, James Bullard, was recently interviewed at this year’s Consensus conference in New York City. That a top US economic policy maker was in attendance is victory enough; however, he was asked his opinions on cryptocurrency going forward by CNBC Global Markets Reporter Seema Mody. He explained he found the phenomenon “interesting,” and how more cryptos being issued all time necessitates keeping an “eye” on them. Mr. Bullard also compared the use case for cryptocurrencies with that of the dollar, and whether the former posed a threat to the latter.
SOURCE:https://news.bitcoin.com/federal-reserve-pres-people-want-dollar-not-volatile-crypto/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

NEM Forum / NEM Showcases New Companies Built on its Blockchain at Consensus

« on: May 16, 2018, 03:47:33 PM »

The NEM.io foundation (htts:www.io/)and the developers of NEM, creators of the peer-to-peer NEM blockchain platform providing payments, messaging, asset making and more, today announced a line-up of 15 partners at Consensus deploying NEM to build new products. One of the highlights is the beta launch of Catapult (also called mijin v.2), the latest update to the NEM blockchain run by Tech Bureau. Catapult is a fully-featured blockchain engine powering private networks with unique smart contract plugins and is planned to roll out on the public network in late-2018. Catapult’s plugins enable bulletproof digital asset creation, decentralized swaps, advanced account systems and business logic modeling.

NEM has rented out the entire floor of the Sutton Space Pavilion to showcase some of the top products and teams innovating with NEM. Exhibiting partners include TechBureau / mijin, Asta, He3Labs, LoyalCoin, Verses, Zeus Exchange, PeerStream, Kchain, Digital2Go, GoBlock and Luxtag.
SOURCE:https://itsblockchain.com/nem-at-consensus/

Bitcoin News & Updates / Japan’s GMO Gets Ready to Start Selling 7nm Bitcoin Mining Chips

« on: May 16, 2018, 09:21:53 AM »

Japanese internet giant GMO has updated its plans to manufacture and sell its 7nm bitcoin mining chips as well as for its own mining operations. Interested customers will soon be able to reserve some of these chips.
GMO Readies 7nm Mining Chips
Japanese conglomerate GMO Internet Group published its first quarter results for the fiscal year 2018 last week. During the earnings results presentation, the company outlined its plans for the sale of its long-awaited 7nm bitcoin mining chips.GMO is building two versions of the chip, dubbed V1 and V2. The former is the initial prototype of the 7nm mining chip. The latter is for mass production of the 7nm mining chips, which the company plans to use in-house for its own mining operations, sell to the public, and use in cloud mining.

V2 is now being designed and will enter the mass production phase in the fourth quarter of this year.
SOURCE:https://news.bitcoin.com/japans-gmo-start-selling-7nm-bitcoin-mining-chips/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

Blockchain Technology / Why Enterprise Blockchain Is Still Not Mainstream

« on: May 16, 2018, 08:07:24 AM »

Blockchain technology has been around for close to a decade now. While during its early years it was relatively unknown, its popularity has soared in the past few years and it’s now being sought to address some of the challenges that have plagued many industries for decades. From obvious uses such as in funds transfer and supply chain management to more unprecedented use cases such as cloud storage, blockchain technology is certainly making its mark.

Enterprise blockchain technology has also risen in popularity as more companies seek the competitive advantage over their peers. The advantages are many, ranging from faster transactions and improved data quality to transparency and security. However, even with the many benefits, enterprise blockchain still has a long way to go before it becomes the norm and not the exception.
SOURCE:https://www.crypto-news.net/why-enterprise-blockchain-is-still-not-mainstream/?utm_source=pushengage&utm_medium=push_notification&utm_campaign=pushengage

Cryptocurrency discussions / Cryptocurrency Hedge Funds Rebound By Over 45% in April

« on: May 16, 2018, 07:53:41 AM »

The bullish market performance experienced across the cryptocurrency markets last month also manifested significant gains for many cryptocurrency hedge funds, with multiple cryptocurrency hedge fund indexes estimating a more than 45% increase in the value of leading funds.
Cryptocurrency Recovery Rally Drives Impressive Performance Among Crypto Funds
With most cryptocurrencies producing significant gains during April, cryptocurrency hedge funds also generated bullish performance last month.

The Eurekahedge Crypto-Currency Hedge Fund Index estimates the gains made by crypto funds to have been 45.43% during April. According to Eurekahedge’s historical data, April 2018 was the sixth strongest performing month ever for virtual currency funds, and the fourth highest performing month of the last four years. The preceding months to outperform April were December 2017 (+79.51%), August 2017 (+58.42%), May 2017 (81.09%), November 2013 (+405.30%), and October 2013 (+47.64)%.

Despite April’s impressive performance, Eurekahedge estimates 2018’s year to date (YTD) performance to be -21.87% so far. Eurekahedge states that its data for April 2018 is “Based on 71.43% of funds which have reported April 2018 returns as at 15 May 2018.“
SOURCE:https://news.bitcoin.com/cryptocurrency-hedge-funds-rebound-over-45-april/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

Blockchain Technology / BlockShow set to use world’s first blockchain polling application during ....

« on: May 15, 2018, 04:28:43 PM »

May 16, 2018 – Blockchain conference, BlockShow Europe 2018, is set to use the first blockchain-based application for polling at their Berlin conference in May. Taking place on May 28-29, the polls will identify the distinguished women leaders and game-changing companies who are building the tools and services that will continue to propel blockchain forward.

The polls will be conducted using Polys, a secure, transparent, easy-to-deploy system that allows for the creation of blockchain-based polls and surveys.

The list of influential women, representing companies like Golem, BitPesa, Bancor, SatoshiLabs, Aragon, SAP and HSBC, can be found below:

Elizabeth Rossiello – CEO at BitPesa
Ming Chan – Executive Director at Ethereum Foundation
Marion Vogel – Director at Aeternity
Shermin Voshmgir – Director of Research Institute for Crypto Economics & Founder of BlockchainHub
Aleksandra Skrzypczak – Co-founder at Golem
Galia Benartzi – Co-founder at Bancor
Gina Contrino – Front-end developer at Lisk
Rhian Lewis – Founder at London Women in Bitcoin
Alena Vranova – former CEO and Co-founder of SatoshiLabs
Maria Gomez – Strategy & Ops lead at Aragon
Diana Biggs – Head of Business Model Innovation at HSBC
Dr. Quy Vo-Reinhard – Co-founder at HIT Foundation
Eileen Fitzgerald – Executive VP at Cardano
Jessi Baker – Founder at Provenance
Manon Burgel – Chief Operating Officer at B2Expand
Attendees will also get to vote on and rank Europe’s most game-changing blockchain companies, including Ethereum, IOTA, Cosmos, Lisk, Bitfury, ICON, Raiden Network, Populous, Polkadot, Golem, Status, Aeternity, Bancor, Cardano, SingularityNET, Sirin Labs, Gnosis, Maecenas, WePower, Origintrail and Iconomi.
SOURCE:https://itsblockchain.com/blockshow-set-to-use-worlds-first-blockchain-polling-application-during-their-blockchain-conference-in-berlin/

Bitcoin News & Updates / Seminole County, Florida Embraces Bitcoin and Bitcoin Cash Payments

« on: May 15, 2018, 04:24:15 PM »

Residents of Seminole county in Florida can now pay their taxes with bitcoin and bitcoin cash. Seminole becomes the first county to accept payments in bitcoin cash and bitcoin in the United States.

Joel Greenberg, the State tax collector, announced the County would begin using BitPay, a cryptocurrency payment processor, to receive payments starting June 2018.Seminole residents will be able to make an array of payments using virtual currencies including property taxes as well as fees relating to tags, driver’s license, titles and ID cards.

Digital Currencies: Ideal Choice
From his statement, Greenberg seemed to appreciate cryptocurrencies and their underlying technology, the blockchain, as appropriate tech innovations for driving efficient service delivery in the County.

Acknowledging the need to shift to cryptocurrencies, Greenberg highlighted features such as transparency, efficiency, fraud resistance and accuracy that make digital currencies an ideal choice for his office.

“We live in a world where technology has made access to services on demand, and we should expect the same from our government,” his statement read in part.
SOURCE:https://btcmanager.com/seminole-county-florida-embraces-bitcoin-and-bitcoin-cash-payments/?utm_source=onesignal&utm_medium=push

NEM Forum / Future Blockchain Summit and NEM Global MeetUp at Dubai, UAE

« on: May 15, 2018, 03:53:16 PM »

The temperature in the middle east is starting to rise. Days are getting hotter and hotter as the desert summer season approaches. Aside from the mercury rising, NEM is also gaining a good traction in the region and is becoming a hot topic in the blockchain community. The NEM team was on fire during the recent Future Blockchain Summit.
SOURCE:https://nemflash.io/future-blockchain-summit-nem-global-meetup-dubaiuae/