PR: Changelly’s Partnered with Ledger Live App

Changelly’s Partnered with Ledger Live App

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.

Changelly, a prominent instant exchange, has announced its partnership with Ledger, one of the leading security and infrastructure providers in the crypto industry, to bring a new user experience.


New Ledger App and Changelly

Ledger has released Ledger Live, a multi-asset complimentary wallet application that allows storing and managing cryptocurrencies in one place. Ledger Live is used for all models of Ledger’s hardware wallets, including the bestseller Ledger Nano S.

The app offers the list of exchanges where users can buy or sell the cryptocurrencies. Changelly is one of the first exchanges listed on Ledger that provides users with that option as a link that redirects to the Changelly website. Being integrated into Ledger Live, Changelly will enable Ledger users to switch their cryptocurrencies in an easy manner within the Ledger Live app.

This is the only tool available on Ledger Live, so far. However, the service has ongoing negotiations about providing new exchange options for Ledger users, so more details of the collaboration are coming soon.


Benefits of partnership

For Changelly, having such a popular and secure partner as Ledger will help build strong relationship with users, and provide the users of the wallet with seamless exchange options. For Ledger, in turn, Changelly can help broaden the audience and attract new customers.

Konstantin Gladych, CEO at Changelly:

“Ledger provides outstanding products that take security level in the crypto world to the whole new level and leverage the full potential of digital money. Changelly couldn’t be more excited to collaborate and have an opportunity to empower Ledger’s users with a frictionless exchange experience”.

Mattia Sarfati, Business development & Partnerships @Ledger:

Featuring Changelly in our new wallet app allows our users to buy cryptocurrencies easily and securely. Changelly offers an outstanding user experience and our community was pushing to see our companies working together. Ledger hopes that a lot of its users will discover and enjoy the Changelly experience!”


About Changelly

Changelly is a popular instant cryptocurrency exchange service with 100+ coins and tokens listed. The service acts as a mediator between a user and trading platforms. Changelly has trading algorithms integrated into leading exchange platforms, such as Binance, Bittrex, HitBTC and Poloniex that help to pick the most profitable rate. Operating since 2015, Changelly has attracted over 2M registered customers from around the world. The service offers its API and a customizable payment widget for any crypto service that wishes to implement exchange options. Key partners are Jaxx, Coinmarketcap, Coinomi, BRD, Coinpayments and others.

About Ledger

Ledger is a fast-growing provider of security solutions designed for cryptocurrency storage and management. The company offers a wide range of hacking-resistant products for individuals and financial institutions as well.

In 2017, Ledger sold over 1 million units of their flagship product, the Ledger Nano S, placing Ledger as the number one provider of Hardware wallets in the World.

Since a secure hardware wallet is the best technical solution to hold and protect assets, Ledger plans to make those solutions as open as possible to enable new use cases directly from the end user.

Press Contact Email Address
sasha@changelly.com
Supporting Link
https://www.ledger.fr/2018/07/09/ledger-launches-ledger-live-the-all-in-one-companion-app-to-your-ledger-device/

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 Daily: Poloniex Goes Mobile, Cobinhood Adds USD Fiat, Bitmain Expands

The Daily: Poloniex Goes Mobile, Cobinhood Adds USD Fiat, Bitmain Expands

In today’s edition of Bitcoin in Brief we cover a new mobile app from Poloniex, the addition of USD fiat at Cobinhood exchange and the expansion plans of Bitmain in Israel. We also report about a triad boss who claims to have raised $750 million in a recent ICO.

Also Read: This Week in Bitcoin: New Exchanges, Bancor Breach, Binance CEO vs Vitalik

Poloniex Goes Mobile

Circle Internet Financial Ltd., the Goldman Sachs-backed Boston-headquartered company that acquired Poloniex earlier this year, has announced the launch of an official app for the exchange. The team behind the venue wrote on their blog: “In our effort to deliver the best possible experience across all platforms, we’ve acquired the best-in-class Poloniex app for iOS and Android! This app will now be the only officially supported Poloniex app in the App Store and Play Store.” They added that : “We have big plans for this app – next up is better mobile verification!”

The Daily: Poloniex Goes Mobile, Cobinhood Adds USD Fiat, Bitmain Expands

Cobinhood Adds USD Fiat

Taiwan-based cryptocurrency service platform Cobinhood has announced the launch of fiat trading. This means that fiat can be converted through the exchange into cryptocurrencies, and vice versa. U.S. dollar deposits will be accepted from July 20th. The company needed to comply with KYC Level 3 in order to operate in a stringent regulatory environment and partnered with Epay for a solution.

“In several instances, the market is not reflecting tremendous progress being made at cryptocurrencies worldwide,” states Popo Chen, founder of Cobinhood. “Traders know there are opportunities abound for value, so it’s a very synergistic time to debut fiat trading on the Cobinhood platform. There’s no doubt in my mind that many value investors were waiting on the sidelines until prices rationalized, and so the near term promises to be an exciting time for exchanges that can offer the liquidity fiat options provide.”

Bitmain Expands R&D in Israel

The Daily: Poloniex Goes Mobile, Cobinhood Adds USD Fiat, Bitmain ExpandsBitmain Technologies Ltd., the Beijing-headquartered bitcoin mining machines (ASIC chips) producer recently valued at $12 billion, plans to seriously expand its research and development center in Israel soon. The company told local newspaper Globes that in the near future it is expected to triple its workforce in the country. Bitmain explained that it would recruit more than 40 researchers, programmers, engineers and marketing personnel to its development center in Ra’anana, which is managed by VP Gadi Glikberg, to be added to the 15 employees there today.

Glikberg commented: “Bitmain had huge momentum in the past year as a result of the ever growing adoption of blockchain technology in general and digital coins in particular. The world is indeed in a relative calm from the great hype of December 2017, but for the big companies in the field it is a golden opportunity to design, build and grow, and Bitmain recognizes the potential of the Israeli knowledge and abilities to contribute to the company’s global efforts.” The roles that the company seeks to fill in Israel include, among others, blockchain researchers, senior security and software engineers, marketing people, Python and Javascript programmers and QA software testers.

$750 Million Triad Linked ICO?

According to reports from China, the famous Macau triad boss “Broken Tooth” Wan Kuok-koi has partnered with a Beijing company, which might be backed by the government, to promote chess and poker tournaments in the country. And the company, World Hung Mun Investment, claims that it raised $750 million in less than five minutes in an initial coin offering for its HB token. Wan launched the ICO at an event in Cambodia said to be attended by high-ranking government and military officials, businessmen and Chinese celebrities. The triad boss was previously linked by the New York Times to Dragon Coin, the casino gamblers’ ICO token, and claimed to open a blockchain powered Chinese culture center in Cambodia.

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


Images courtesy of Shutterstock.


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Chilean Court Orders State-Owned Bank to Re-Open Bitcoin Exchange Orionx’s Account

The Fourth Chamber of the Court of Appeals of Santiago has recently ruled that state-owned Banco Estado has to re-open the account of bitcoin exchange Orionx, after it seemingly illegally shut it down. As CCN covered, earlier this year Chilean banks Itau Corpbanca, Bank of Nova Scotia, and state-owned Banco Estado shut down the accounts … Continued

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Russia Now Has a Registry of Whitelisted Crypto Companies

Russia Now Has a Registry of Whitelisted Crypto Companies

The Russian Association of Cryptocurrencies and Blockchain has created a registry of whitelisted companies that offer crypto-related products or services. Meanwhile, the bill to regulate cryptocurrencies in Russia has been delayed.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Whitelist of Crypto Firms

Russia Now Has a Registry of Whitelisted Crypto CompaniesThe Russian Association of Cryptocurrencies and Blockchain (RACIB) has created a whitelist of crypto companies. The list includes firms in the field of crypto mining, investment, marketing, legal, training, and initial coin offerings (ICOs).

Russia Now Has a Registry of Whitelisted Crypto CompaniesFrom early this year, legal entities and individuals in Russia have lost more than 270 million rubles [~US$4.3 million] from crypto-related investments organized by scammers and incompetent companies, RACIB detailed. The association has already started tracking unfair ICO projects and it hopes the registry will allow industry participants to find trustworthy partners in the space. RACIB elaborated:

The list of trusted companies will allow Russian and foreign market participants to base their work on trusted organizations and minimize the risk of fraud in the creation and development of Russian or foreign business in the field of mining, trading with cryptocurrency, blockchain technology and ICO.

Launched with 50 Companies

The association explained that the registry “consists exclusively of organizations that have undergone voluntary verification of reliability.” The criteria include “financial sustainability, experience and business reputation, lack of judicial judgments, availability of licenses and certificates (if necessary), [and] no arrears of taxes and fees.”

Citing that about 30 applicants are being verified, the association revealed:

At the moment, the registry includes more than 50 companies.

Russia Now Has a Registry of Whitelisted Crypto CompaniesThese companies are “trusted organizations which have already passed the verification procedure,” RACIB emphasized. Any legal entity in Russia wanting to be included can apply online. “The average period for document review is 10 days. At this time, third-party verification is not performed,” RABIC’s website states.

Additional testing and certification in three areas are already in the works, the association revealed. The first is a “certification for traders of crypto assets.” The second is a “certification for mining equipment suppliers” and the third is a “certification for mining farms.”

Russian Crypto Bill Delayed

The legal framework for the regulation of cryptocurrencies and ICOs in Russia is still in the preparation stage. The bill “On Digital Financial Assets” passed the first reading in the State Duma in May.

Russia Now Has a Registry of Whitelisted Crypto CompaniesLast year, Russian President Vladimir Putin ordered the regulation of cryptocurrencies and ICOs be finalized in July. However, Bankir wrote last week that the “consideration of draft laws on cryptocurrency was postponed to September.”

Elina Sidorenko, head of the State Duma’s interdepartmental working group responsible for a risk assessment on the turnover of cryptocurrencies, explained the delay in an interview with Hash Telegraph.

According to her, the Russian laws will be adopted after the “FATF [Financial Action Task Force on Money Laundering] standards are developed with respect to the risks of using cryptocurrency.” Without the FATF policies, it is difficult to adopt national legislation, she conveyed. The FATF draft document was expected to be considered at the session on June 27-29, “but in the end it was postponed to September,” Sidorenko detailed, elaborating:

Now in the State Duma there are several bills at once. And they are very different approaches to the definition of cryptocurrencies and tokens…The Central Bank believes that cryptocurrencies and tokens now do not have sufficient economic resources to function fully in free economic circulation.

What do you think of the Russian Association’s registry of whitelisted crypto companies? Let us know in the comments section below.


Images courtesy of Shutterstock and RACIB.


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Why Governance is the Greatest Problem That Blockchains Must Solve

Why Governance is the Greatest Problem That Blockchains Must Solve

A chain is only as strong as its weakest link, and in a blockchain that link lies in the form of its founders. Getting nodes to achieve consensus is easy compared to the difficulty of getting humans to achieve consensus. The greatest challenge that new blockchains must solve isn’t speed or scaling – it’s governance.

Also readHave You Tried Blockchain 5.0 Yet? Nobody Else Has Either

Governance: Easy to Define, Hard to Achieve

There wasn’t much thought given to on-chain governance when bitcoin was created; Satoshi was too busy reinventing the wheel on several other fronts. But the arrival of bitcoin spawned a wave of blockchains, and with it, the first faltering attempts at introducing a means of reaching consensus between network users, over and above that attained by validating nodes.

Dash first popularized the concept of blockchain governance, which is achieved through the use of masternodes, whose operators can vote on budget proposals. Its system provides a simple means of reaching agreement among community members who are most heavily invested in the project. Scores of subsequent crypto projects, including many that don’t use masternodes, have since copied Dash’s governance model. Often, they’ll tack voting rights onto their token as a means of shoring up its weak use case, but not all projects are as slapdash or cynical with their approach to governance – some aim to genuinely innovate, and in doing so, to overcome the weaknesses that are inherent to human structures.

Why Governance is the Greatest Problem That Blockchains Must Solve

The Quest for Human Consensus

While bitcoin core has muddled on without any sort of governance, and is all the more decentralized for it, other blockchains have tried to enact more formalized systems of governance. The idea is that by enacting an efficient means of achieving consensus among token-holders, decisions can be made promptly, without sacrificing the decentralized principles that make blockchains so appealing in the first place.

When Tezos was birthed last summer, governance was one of its big selling points. Its protocol promised, “a formal process through which stakeholders can efficiently govern the protocol and implement future innovations”. The subsequent fallout between Tezos foundation members emphasizes the frailties of humans, whose squabbles and power struggles can stymie even the most well-intentioned of projects. Tezos’ off-chain failures, ironically, may have strengthened the case for its onchain system of governance.

Governance is a Tough Nut to Crack

As well-known crypto commenter Nic Carter mused, “Creating a cryptocurrency corrupts… creating a billion-dollar cryptocurrency corrupts absolutely.” Due to the huge economic incentives at stake, getting token-holders to act in the interests of the community, rather than fixating on their own pecuniary gains, is a tall order. Storecoin is a zero-fee, high throughput blockchain whose most interesting feature is not a technical one – it’s a human one.

Why Governance is the Greatest Problem That Blockchains Must SolveIts creator, Chris McCoy, explains: “For today’s public blockchains to move past prototypes and low usage dApps – to where entities trust a decentralized blockchain enough to process $10 million+ of utility-based daily transaction volume – blockchains need an enforceable rules engine that has no centralization of power, that key network participants trust, and that is censorship resistant. To shape the future of trade and commerce, blockchains need an enterprise-grade governance [model] that is trusted, enforceable, and reaches finality in a democratic process.”

Storecoin’s governance is inspired by the US constitution, with consensus on change, McCoy explains, “reached by four separate branches that check and balance each other on protocol-level, key people, and monetary policy decisions”. Another blockchain that relies on a constitution, EOS, has come in for flak, prompting its founder Dan Larimer to return to the drawing board to draft a new one. MakerDAO, meanwhile, has been conducting deep research into a “governance risk framework” that aims to diversify trust in trustless systems.

Why Governance is the Greatest Problem That Blockchains Must Solve

The history of cryptocurrency is littered with hard forks, acrimonious splits, exit scams, lawsuits, and public fallouts. The case for governance does not need to be overstated. But the means of achieving it is a complex task that has taxed some of the cryptoverse’s brightest minds. So long as humans are in charge, internecine conflict and greed will be inevitable. Blockchains can’t eliminate avarice, but that won’t stop their architects from trying their damnedest to divest protocols from the fallible humans who control them.

What blockchain do you think has the best system of governance? Let us know in the comments section below.


Images courtesy of Shutterstock, Twitter, and Storecoin.


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Major Korean Exchange Bithumb Expanding into Japan and Thailand

Major Korean Exchange Bithumb Expanding into Japan and Thailand

One of South Korea’s largest cryptocurrency exchanges, Bithumb, is expanding into Japan and Thailand. The exchange is working on obtaining regulatory approval from the financial regulators of both countries. The new locations are part of the exchange’s global expansion plan.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Expanding into Thailand

Major Korean Exchange Bithumb Expanding into Japan and ThailandBithumb is currently working on obtaining regulatory approval from the Thai Securities and Exchange Commission (SEC), local media reported Friday. The exchange is the second largest in South Korea at the time of this writing, with a 24-hour trading volume of about $358 million, behind only the Kakao-backed Upbit with a $582 million trading volume during the same time period.

The exchange has already established a Thai subsidiary, Bithumb (Thailand) Company Limited, with registered capital of 3 million baht (~US$90,000). Zdnet quoted the company explaining the reason for its expansion into the Thai market:

Thailand is active in e-commerce and the fintech industry, and the government is showing great interest in digital currency as it promotes smart city business.

Thailand has recently finalized its regulatory framework for cryptocurrencies and initial coin offerings (ICOs). Bithumb has been building its Thai website, the publication added, noting that it plans to start service in Thailand at the end of October.

Major Korean Exchange Bithumb Expanding into Japan and Thailand
Bithumb Thailand’s website. Photo: Zdnet.

Expansion into Japan

Major Korean Exchange Bithumb Expanding into Japan and Thailand
Bithumb Japan’s website. Photo: Zdnet.

Japan legalized cryptocurrency as a means of payment in April of last year. All companies seeking to operate an exchange in the country must obtain approval from the country’s top financial regulator, the Financial Services Agency (FSA). However, with the hack of Coincheck in January, the FSA has been strengthening its oversight of crypto exchanges and imposing a stricter exchange approval process.

Nonetheless, Bithumb is seeking approval from the FSA with a plan to open an exchange in Japan in February next year, the news outlet conveyed. The exchange also revealed that “it plans to set up an exchange that supports the largest number of coins in Japan,” the publication noted.

Global Expansion Plan

Major Korean Exchange Bithumb Expanding into Japan and ThailandEarlier this year, Bithumb announced that it is looking for partners for its global expansion. The exchange says it will work closely with overseas partners to launch platforms that are faster and more efficient for traders worldwide.

Projects which Bithumb will collaborate with potential partners include “cash (deposit/remittance/debit) management processing, the operation of an exchange platform, [and] marketing & promotion and customer service,” the exchange detailed. According to the announcement:

Bithumb is preparing exchange platforms for countries under the global expansion plan and we are looking for great and potential partners (corporation, entity or group) worldwide…The exchange platforms under final development stages are USD / JYP / EUR / CNY / INR / GBP / AUD / CAD / PHP / RUB and [there] will be more soon when there are any service demands.

According to Money Today, Bithumb has also established a subsidiary in Singapore and Britain. “We are considering establishing overseas subsidiaries in various countries such as the U.S. and Europe, but the time has not yet been determined,” the exchange clarified.

In April, the third largest crypto exchange in South Korea, Coinone, announced its expansion into Indonesia.

What do you think of Bithumb expanding into Thailand and Japan? Let us know in the comments section below.


Images courtesy of Shutterstock, Bithumb, and Zdnet.


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LocalBitcoins Trader ‘Bitcoin Maven’ Sentenced to Prison for Money Laundering

LocalBitcoins trader Theresa Lynn Tetley, better known as the “Bitcoin Maven,” has been sentenced to 12 months and a day in prison, a $20,000 fine, and three years supervision after release for laundering bitcoin as proceeds of narcotics sales and for her role in running an illegal bitcoin-for-cash exchange, according to the U.S. Attorney’s Office for … Continued

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