Emma Integrates Crypto Exchanges into Money Management App

UK Money Management App Emma Adds Cryptocurrency Exchange Integration

Emma, a London-based startup firm specializing in money management services, has launched cryptocurrency exchange integration for its new app. The platform, which the company describes as a kind of “financial advocate” service, is designed to help millennials gain a better understanding of their finances.

Also Read: Security Giant G4S Offers Protected Offline Cryptocurrency Storage

New ‘Emerging Asset Class’

UK Money Management App Emma Adds Cryptocurrency Exchange Integration Emma has integrated several cryptocurrency exchanges into the app, including Coinbase, Bittrex, Binance, Bitstamp, Kraken and Bitfinex. With its latest development, users can view all of their cryptocurrency investments from multiple exchanges in real time using a single interface. The free app also allows U.K. consumers to look at aggregated information from their credit cards and bank statements, in addition to the cryptocurrencies and tokens they hold.

“Emma was built to empower millions of individuals to live a better and more fulfilling financial life. Cryptocurrency is the next emerging asset class and we are thrilled to welcome it as part of our family of integrations. Our users can now manage and track their crypto holdings alongside more traditional finances to make wiser and more transparent decisions,” said Emma CEO Edoardo Moreni. “For Emma, this is one of the first steps toward a world where account aggregation doesn’t just refer to banking products, but opens the doors to several financial services.”

Consumer-Focused Banking Experience

UK Money Management App Emma Adds Cryptocurrency Exchange IntegrationEmma launched in January of this year, backed by a team of finance and technology experts. In July, the company raised £500,000 in a seed round led by Kima Ventures, one of the first investors in Transferwise. Aglaé Ventures — the early stage program of French investment firm Groupe Arnault, which has previously invested in Netflix and Airbnb — also participated in the seed round.

Emma is registered with the Financial Conduct Authority in the U.K. under the Payment Services Regulations 2017. With its new app, the company aims to build a mobile-only banking solution (iOS and Android) to help young consumers avoid overdrafts, cancel subscriptions, track their debts and save money. It said it is trying to provide a more consumer-focused banking experience that will improve the financial lives of its users, by serving as a sort of one-stop shop for all of their financial information.

As a U.K. resident, do you look forward to managing your cryptocurrency portfolio with Emma’s new app? Share your thoughts in the comments section below.


Images courtesy of Shutterstock, Emma.


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Cobo Raises $13M in Series A Funding Round

Chinese Cryptocurrency Wallet Cobo Raises $13 Million in Series A Funding

Chinese startup Cobo raised $13 million this week in a Series A financing round led by DHVC and Wu Capital. The Beijing-based company — established by Bihang wallet developer Changhao Jiang and Shixing “Discus Fish” Mao, the co-founder of F2Pool — said it will use the funds to support the international expansion of its two wallet offerings.

Also Read: Civil Fails to Raise $8M Minimum in ICO

Global Expansion

Chinese Cryptocurrency Wallet Cobo Raises $13 Million in Series A FundingCobo has developed two main products: a multi-asset software wallet and a “military-grade” hardware wallet. The new funding round brings total investment in the company to $20 million to date. Cobo plans to expand in the U.S. and several Southeast Asia markets, particularly Vietnam and Indonesia.

The company claims that more than 500,000 people have downloaded Cobo Wallet since it was launched earlier this year. It already supports more than 30 major cryptocurrencies and 500 tokens. It also features multiple layers of security, including two-factor authentication, hot-cold servers and hardware security module encryption.

“Cobo’s unique approach redefines the concept of crypto asset management and creates new opportunities for investors,” said Judy Yan, managing director of DHVC. “The team leverages their extensive blockchain experience to help safeguard users’ assets while also generating returns for their benefit.”

Bank-Grade Cold Storage

Chinese Cryptocurrency Wallet Cobo Raises $13 Million in Series A FundingThe company also announced that Cobo Vault, its hardware product, is now available for pre-order on Indiegogo for $479. It features a “bank-grade” encryption chip, as well as a tamper-proof self-destruct mechanism that wipes all stored private keys and data if someone tries to physically force the device open, in addition to other security measures.

Cobo Vault also boasts a 4-inch LCD display with an IP68 waterproof rating. The company claims the product’s MIL STD-810G-certified (U.S. military standard) brushed aluminum case is strong enough to remain intact after being run over by a car. Cobo Vault handles transactions over the air by having users scan a QR code, which changes dynamically.

“With the increasing investment into cryptocurrencies, the only truly safe means of securing crypto is to store it in a cold storage wallet,” said Jiang, the company’s CTO. “Cobo Vault sets a new, groundbreaking standard for cold storage wallets, with the first truly all-around secure hardware wallet designed for holders that can’t risk losing their investment.”

Does anyone really need a military-grade or bank-grade hardware wallet? Share your thoughts in the comments section below.


Images courtesy of Cobo.


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Security Giant G4S Offers Protected Offline Cryptocurrency Storage

Security Giant G4S Offers Protected Offline Cryptocurrency Storage

G4S (LSE: GFS), a security services provider with operations in more than 90 countries, guards everything from cash transfers to nuclear power plants and prisons. The London-headquartered company has now started to offer cryptocurrency protection, according to a recent report.

Also Read: Majority of Crypto Assets Are Highly Centralized, Research Finds

Secure Vault Storage

Security Giant G4S Offers Protected Offline Cryptocurrency StorageThe company, which has more than 560,000 employees throughout the world, announced on Wednesday that it has developed a new service providing high-security offline cryptocurrency storage, to help to protect assets from criminals and hackers. And the company is already providing the service to an unnamed European exchange, according to the Financial Times. It charges clients based on the number of different offline storage devices they want to use to store their private keys, and reportedly uses its own existing vaults for the service, rather than newly built facilities.

The company’s press statement confirmed that cryptocurrency exchanges are already turning to them for help. Dominic MacIver, senior risk analyst at G4S Risk Consulting, commented: “Our clients approach us to discuss solutions to their requirements because of G4S Cash Solutions’ experience in protecting high-value items and G4S Risk Consulting’s experience in developing bespoke solutions to complex challenges. Working with our clients, we are continuously applying their expert knowledge of crypto-assets and our best practice in physical security to a sector at the cutting edge of financial technology.”

Heavily Restricted Access

Security Giant G4S Offers Protected Offline Cryptocurrency StorageThe service is said to be more secure then other methods because G4S takes the keys offline, breaks them up and stores them in high-security vaults. Moreover, access to the sites in which they are held is said to be heavily restricted, with multiple layers of security. Clients can only gain access when all of the pieces are combined with specific technology.

“Offline storage has become a more established and secure way of storing crypto-assets,” MacIver said. “At the same time, violent robberies and kidnappings in recent years have shown that the sector is still exposed to conventional criminal threats. In collaboration with our client, our security solution is built on a foundation of ‘vault storage.’ We not only take the assets offline, but break them up into fragments that are independently without value and store them securely in our high security vaults, out of reach of cyber criminals and armed robbers alike.”

What level of security should investors demand from exchanges? Share your thoughts in the comments section below.


Images courtesy of G4S, Ed Robinson/OneRedEye, Tom Parker/OneRedEye.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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Civil Fails to Raise $8M Minimum in ICO

Initial Coin Offering (ICO) for Civil Fails to Raise $8M Minimum

Civil, a blockchain startup that has partnered with Forbes and The Associated Press, failed to reach the $8 million minimum target it set for its initial coin offering this week, suggesting an end to the days when promoters simply had to hint at collaborations with established companies to woo investors.

Also Read: Nouriel Roubini Attacks Blockchain in Latest Rant

A ‘Setback’ Rather Than a ‘Shock’

Initial Coin Offering (ICO) for Civil Fails to Raise $8M MinimumThe team developing Civil, a self-defined journalism platform that aims to publish news content on its blockchain, has revealed that it will provide full refunds to the 1,012 people who took part in the ICO. It had initially planned to sell 34 million of its CVL tokens for between $8 million and $24 million. However, it had raised less than $1.5 million by the time it wrapped up the sale.

Matthew Iles, the CEO of Civil, hinted at what he thinks might have been the problem by thanking the people who “were willing to jump through the hoops required to buy CVL tokens.” He also promised that the team had started planning a “much simpler token sale.”

Last week, the Wall Street Journal reported that the startup had reached out to news organizations such as The New York Times, The Washington Post and Dow Jones for support. However, it only encountered skepticism over its promises to fix the funding problems plaguing the journalism industry.

“It’s a setback for us, though not a shock,” Iles said. “We expected a different outcome when we launched the sale, but circumstances changed.”

Not Giving Up Just Yet

Initial Coin Offering (ICO) for Civil Fails to Raise $8M MinimumDespite the failure of its token sale, the Civil Foundation — a nonprofit entity designed to back independent newsrooms — still has a $3.5 million commitment from Consensys, which is why the team insists it is not raising the white flag just yet. In addition, both AP and Forbes have reportedly confirmed to Techcrunch that the failed ICO won’t impact their relationship with the project.

“The Civil Media Company is here to stay,” Iles claimed. “We’re here to build, and we’re excited for this new beginning.”

ICO projects fail all the time, of course. But Civil’s stumble is particularly notable because the platform recently grabbed headlines due to its partnership with two mainstream media organizations. Nonetheless, it still failed to reach its conservative minimum funding threshold, in spite of its high-profile connections. Perhaps investors did not see any value in the promise that Forbes would begin to publish metadata from some of its articles on the Civil blockchain in the coming year.

Are ICO investors becoming more selective in general, or is the Civil debacle a unique case? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


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Nouriel Roubini Attacks Blockchain in Latest Rant

Professor Nouriel Roubini Goes After ‘Blockchain’ In Latest Rant

NYU economics professor Nouriel Roubini, commonly known as Dr. Doom in mainstream financial media circles, is a long-established Bitcoin and cryptocurrency skeptic. In his latest rant he focuses on blockchain technology and the people promoting it.

Also Read: Research: Corporations Fail to Deliver on Blockchain Hype, Scalability a Top Concern

Greedy White Men

Professor Nouriel Roubini Goes After ‘Blockchain’ In Latest RantRoubini, who recently testified before the U.S. Senate Banking Committee about blockchain, had a few angles of attack against the promoters of distributed ledger technology (DLT) in his latest article, The Big Blockchain Lie. Noting that blockchain has been heralded as a potential solution for everything from famine to cancer, he called it the most over-hyped technology in human history.

The professor explains that, “in practice, blockchain is nothing more than a glorified spreadsheet.” However, he also claims it has been able to create an “economic hell.” This is because Roubini categories developers and entrepreneurs as “a few self-serving white men pretending to be messiahs for the world’s impoverished, marginalized, and unbanked masses.” As for the supposed ideology behind them, he states: ”Blockchain is not about decentralization and democracy; it is about greed.”

Excel Spreadsheet With a Misleading Name

Professor Nouriel Roubini Goes After ‘Blockchain’ In Latest RantBesides ad hominem attacks, which Roubini has previously been fiercely criticized for, the economist actually makes some valid points about why so-called corporate blockchains touted by big banks, governments and other established powers are not decentralized. Such institutions would never want to have the transparency it would bring, or, as he explains it, “There is no institution under the sun that would put its balance sheet or register of transactions, trades, and interactions with clients and suppliers on public decentralized peer-to-peer permissionless ledgers.”

Moreover, he notes that in cases where so-called enterprise DLT solutions are actually being used by established organizations, they have nothing to do with blockchain. He explains that these are private, centralized, recorded on just a few controlled ledgers, require permission for access, and are based on trusted authorities. As for all the DLT trials constantly being spoken about in the press, Roubini says that whenever blockchain has been piloted in a traditional setting, “it has either been thrown in the trash bin or turned into a private permissioned database that is nothing more than an Excel spreadsheet or a database with a misleading name.”

Does Roubini make any valid arguments in dismissing blockchain technology? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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US Court Issues Emergency Order Halting a Planned Initial Coin Offering

US Court Issues Emergency Order Halting a Planned Initial Coin Offering

An American court has put a stop to an initial coin offering (ICO) by a company claiming to offer “the first licensed and regulated tokenized crypto currency exchange & index fund based in the US.” The ICO promoters even invented their own regulatory authority, which seems to have really irked the regulators.

Also Read: The Daily: Whales Join China’s Richest Ranks, Seniors Take a Swing at Bitcoin

SEC Stops Blockvest ICO

US Court Issues Emergency Order Halting a Planned Initial Coin OfferingThe Securities and Exchange Commission (SEC) has announced on Thursday that it has obtained an emergency court order halting a planned ICO by Blockvest. The Southern California District Court order also stopped an ongoing pre-ICO sale by the company and its founder, Reginald Buddy Ringgold, III, as well as freezing the defendants’ assets.

According to the ICO’s website, Blockvest (BLV) is an ERC20 token based upon Ethereum. “Blockvest Nvestnodes generate passive income through asset backed profit sharing smart contracts. At it’s core, BLV is a security token that’s representative of the top performing cryptocurrency index.”

According to the SEC’s complaint, Blockvest and Ringgold, who also goes by the name Rasool Abdul Rahim El, were falsely claiming their crypto fund was “licensed and regulated.” Blockvest and Ringgold also allegedly misrepresented Blockvest’s connections to an accounting firm.

The Blockchain Exchange Commission

The SEC complaint also alleges Ringgold promoted the ICO with a fake agency he created called the “Blockchain Exchange Commission,” using a graphic similar to the SEC’s seal and the same address as SEC headquarters.

US Court Issues Emergency Order Halting a Planned Initial Coin Offering
Screenshot

“We allege that this ICO is using both the SEC seal and a made-up crypto regulatory authority to trick investors into believing the ICO was approved by regulators,” said Robert A. Cohen, Chief of the SEC Enforcement Division’s Cyber Unit. “The SEC does not endorse investment products and investors should be highly skeptical of any claims suggesting otherwise.”

A court hearing is scheduled for Oct. 18, 2018. The SEC will ask for injunctions, return of ill-gotten gains plus interest and penalties, as well as a ban against Ringgold from participating in offering any securities in the future.

Would you rather trust the Securities and Exchange Commission or the Blockchain Exchange Commission? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com.

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Exchanges Roundup: Coinbase Volumes Hit 1-Year Low, UK Exchange to Fire Most Staff

Exchanges Roundup: Coinbase Volumes Hit 1-Year Low, UK Exchange to Fire Most of Staff

Recent updates show that with the cryptocurrency markets performing far from how they did a year ago, some exchanges have failed to adapt to the current situation. For example, one U.K. firm is reportedly set to fire most of its employees. Yet other exchanges are still going strong, breaking into new territories and adding new trading instruments.

Also Read: The Daily: Crypto Funds Team up With New Startup Hub, FX Broker Adds BCH/BTC

Weak Quarterly Trading Volumes

Diar, an analysis service for the global digital currency industry, has issued a report highlighting the extremely weak performance of popular crypto exchanges during the third quarter of the year. For example, total USD trading volumes on Coinbase reached their lowest point in a year and total USDT trading volumes on Binance fell from $235 billion in the first quarter to just $106 billion.

Exchanges Roundup: Coinbase Volumes Hit 1-Year Low, UK Exchange to Fire Most of Staff

As the report shows, one way the exchanges are looking to secure growth for the future is by moving toward tokenized securities.

“Having made bank on the trading bonanza in the past year, cryptocurrency exchanges are also acutely aware that, for the most part, the tokens they list don’t currently satisfy a utility purpose,” Diar explained. “Diving into deep pockets, exchanges are diversifying their portfolio by investing in various parts of the ecosystem to support the long-term growth of an industry stuck in development. But most notably, exchanges have amped up their investment interest for the possible issuing and trading of tokenized securities.”

Coinfloor to Fire Over Half its Employees

Exchanges Roundup: Coinbase Volumes Hit 1-Year Low, UK Exchange to Fire Most of StaffCoinfloor is in the process of firing most of its staff, according to a report by the Financial News, citing two people familiar with the matter. Founded in 2013 with backing from Transfer Wise founder Taavet Hinrikus, venture capital firm Passion Capital and Adam Knight, Coinfloor was estimated to employ about 40 people before the newly planned cuts.

Coinfloor CEO Obi Nwosu told the London-based newspaper that the company has “seen significant change in trade volume across the market.” He also stated that: “Coinfloor is currently undergoing a business restructure to focus on our competitive advantages in the marketplace and to best serve our clients. As part of this restructure, we are making some staff changes and redundancies.”

Israeli Exchange Looks Abroad

Exchanges Roundup: Coinbase Volumes Hit 1-Year Low, UK Exchange to Fire Most of StaffAccording to Israeli media reports, Tel Aviv-based exchange Bit2c is looking to offer its services into foreign markets. The exchange has reportedly acquired a Gibraltar-based firm, Eyos, that is said to be in advanced phases of receiving a distributed ledger technology (DLT) license from the local regulatory authorities that can be used to accept clients from across the EU.

“This is a significant breakthrough in making unique Israeli technology more accessible while providing a professional and experienced service to the whole of Europe, and all in the framework of a license that will enable a range of trading activities, payment options and cooperations with traditional financial institutions such as banks, credit companies and insurance companies,” Bit2c CEO Eli Bejerano said. “We continue to examine other markets, and in the future we will act to get additional licenses around the world.”

Bequant Launches EUR Stablecoin

Exchanges Roundup: Coinbase Volumes Hit 1-Year Low, UK Exchange to Fire Most of StaffBequant, a London-based global exchange, has announced the launch of Stasis’ stablecoin EURS. The company explains that the launch of the token, meant to be backed 1-for-1 by the euro, will allow safe investing for its European institutional investors in a reliable asset.

“The cryptocurrency sector is constantly striving for ways to encourage transparency, reliability and trust from investors — both institutional and individuals. Doing so not only builds trust within the industry, but also establishes clear regulation and controls that make crypto-assets a desirable choice for any investor’s portfolio. Stablecoins hold huge advantages in making this goal possible, tying themselves to a more traditional asset,” said CEO George Zarya.

“STASIS EUR’s work in creating a more reliable asset will help build the credibility of cryptocurrency in the wider financial market through its improved processes aimed at providing a more secure asset for investment. Its listing on BeQuant presents a huge opportunity for investors to get involved with a currency that is already giving previously cautious investors access to the world of crypto.”

Should we expect more exchanges to cut staff as trading volumes drop? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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Abra App Launches Support for Bitcoin Cash Deposits and Withdrawals

Abra App Launches Support for Bitcoin Cash Deposits and Withdrawals

Users of the cryptocurrency exchange and wallet app Abra can now make deposits and withdrawals to their accounts with bitcoin cash (BCH). Bill Barhydt, the founder and CEO of the company, also published a video chat with Bitcoin.com CEO Roger Ver about bitcoin cash.

Also Read: The Daily: Shapeshift Shuts Down Prism, Jamie Dimon Wants to Be President

Abra Adds Bitcoin Cash (BCH) Support

Abra App Launches Support for Bitcoin Cash Deposits and WithdrawalsAbra, a cryptocurrency wallet app and exchange, has announced on Wednesday native support for bitcoin cash (BCH), including deposits and withdrawals. This means that in addition to funding the wallet with BTC, LTC, bank transfers, wire transfers, or credit and debit cards, users can now also fund Abra from any bitcoin cash wallet anywhere in the world.

The company explained in its announcement to any users that might not be familiar with BCH that: “Bigger block proponents, including the creators of bitcoin cash, argue that the increased blocksize is important to keep the Bitcoin code aligned with the original vision laid out in the Bitcoin Whitepaper written by Bitcoin’s founder, Satoshi Nakamoto. Put simply, bitcoin cash was created to act like a better version of peer-to-peer digital cash because, at the time of the hard fork, processing transactions on the Bitcoin blockchain had become slow and expensive.”

Non-Custodial Wallet

Abra App Launches Support for Bitcoin Cash Deposits and WithdrawalsAbra is an all-in-one global app offering a crypto exchange and digital wallet in one place – designed for making cryptocurrency investing simple. It enables users to buy, store, invest and hold 28 cryptocurrencies and 50 fiat currencies on a single app, and manage all crypto investments in one screen. The wallet is defined as non-custodial, meaning that cryptocurrencies and the wallet’s private key are held directly by the user. The Abra model is said to be 100% peer-to-peer, with no middleman ever holding, managing or touching the funds at any point in any transaction.

The company was founded in 2014 by Bill Barhydt, a veteran in the cryptocurrency space and an early Netscape employee. Investors include American Express Ventures, First Round Capital, Foxconn Technology Group, Arbor Ventures, Lerer Hippeau, RRE Ventures, Silver8 Capital and others. Last week Abra announced support for SEPA bank account holders – increasing the number of countries serviced by the company by 35.

Did you already use BCH for deposits or withdrawals with the Abra app? Share your experience in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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Alleged BTC-e Operator’s Lawyer Says Greek Court Decided on Extradition to Russia

Alleged BTC-e Operator’s Lawyer Says Greek Court Decided on Extradition to Russia

The lawyer for the alleged BTC-e exchange operator, Alexander Vinnik, claims that the Greek supreme court has decided to extradite him back to his motherland. If true, this would be a significant blow to US authorities’ attempts to get their hands on Vinnik and extract information from him about Russian hackers.

Also Read: The Daily: Luxury Car Dealership Accepts Bitcoin, Basketballers to Earn Crypto

BTC-e Operator Sent Back to Russia?

Alleged BTC-e Operator’s Lawyer Says Greek Court Decided on Extradition to RussiaThe Supreme Court of Greece has approved the extradition of Alexander Vinnik to Russia at its Tuesday session as he requested, his lawyer Ilias Spirliadis told the Russian news agency TASS. “The court’s ruling will be officially made public on September 14. However, as follows from what the judge said at the session, the decision on Vinnik’s extradition to Russia has been made,” Defense Attorney Spirliadis reportedly said.

American authorities accuse Vinnik of running a $4 billion money laundering operation as the head of BTC-e, as well as masterminding multiple crimes since 2011, including drug trafficking and computer hacking. Russia objects to Vinnik’s extradition to the US on the grounds that it violates international law, and demands he be sent back to face charges there for supposedly stealing 600,000 rubles (about $10,500).

An International Power Struggle

Alleged BTC-e Operator’s Lawyer Says Greek Court Decided on Extradition to RussiaThis case has put the Greek supreme court in the center of an international power struggle between the US and Russia who both demand the extradition of the suspected BTC-e operator. And in June of this year France also requested he will be turned over to its control. “I do not recognize these fake charges. Russia will sort everything out to determine whether or not I am guilty, while France and the US will not be able to do so, as there is no justice there,” Vinnik reportedly said.

As we reported yesterday, a new explanation has recently popped up as to why the US and Russia are each fighting so hard to ensure that Vinnik will be handed them and not the other. Crypto cybersecurity firm Elliptic claims that BTC-e handled some funds linked to ‘Fancy Bear’ – a Russian military intelligence unit that US investigators accuse of hacking Democrats’ emails ahead of the 2016 presidential elections. With much of the American media and political establishment in panic about “Russian meddling” ever since the election of Donald Trump, it is no doubt they will make it a priority to be able to interrogate anyone suspected to have any collaborating information.

Should Vinnik be extradited to Russia or the US? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com.

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Bitcoin ATM Maker Develops Payment Solution for Cannabis Dispensaries

Bitcoin ATM Maker Develops Payment Solution for Cannabis Dispensaries

The legal US cannabis industry growing strong where local authorities have stepped out of its way. However, in combination with banks and credit card companies refusing to provide services to many businesses, restrictions have created a perfect opportunity for alternative systems to prove themselves. Themed altcoins, specialized ICO projects, and other types of crypto ventures, have tried to fill this niche. The latest one is a Bitcoin ATM maker with a payment solution for dispensaries.

Also Read: The Daily: Bitcoin Art Merges Canvas and Augmented Reality, Bitmain IPO Update

Virtual Crypto Cannabis Solution

Bitcoin ATM Maker Develops Payment Solution for Cannabis DispensariesVirtual Crypto Technologies Ltd (OTCQB: VRCP), an Israel-based developer of Bitcoin ATMs and cryptocurrency point-of-sales systems, has announced a proprietary crypto payment solution specifically developed for cannabis dispensaries. Projected to be released in Q4, the solution will enable authorized US dispensary operators to sell their products for cryptocurrencies with minimal hassle. The developers explain that for a client to purchase cannabis via the solution, they need to simply scan a QR code that appears on a point-of-sale interface and the store receives a confirmation within seconds.

“Our cannabis payment solution is building upon the foundation we established with our first-generation point-of-sale system. Virtual Crypto has been validated in the market and is a proven technology,” stated CEO Alon Dayan. “Not only does our solution make it easier to accept payments, it also provides a record of transactions, which ensures alignment with government oversight, eliminating fraud and abuse.”

Reducing Fiat Cash Usage

Bitcoin ATM Maker Develops Payment Solution for Cannabis DispensariesThe developers say that the crypto cannabis payment solution can facilitate the reduction of fiat cash payments at dispensaries and the amount of it moving through the industry as a whole. They admit that the adoption of cryptocurrency won’t eliminate cash completely from the field but expect that it will help the industry shift to a more standard cash usage rate of about 30%. They also say it can result in increased tax revenue, thus encouraging more locations to legalize the industry.

“Today with cash as the payment method of choice at dispensaries, they have quickly become a target for thieves. With tens of thousands of dollars in transactions per day, employees are faced with an unsafe work environment. Additionally, cash makes it difficult to account for the appropriate payments of taxes to the government,” explained Dayan. “Our goal is to be an alternative payment option, not to eliminate cash. We believe our technology can ultimately reduce the amount of cash moving through the cannabis ecosystem, which will help foster a safer work environment and ensure industry participants pay their taxes using an alternate payment method.”

What makes the cannabis market the best match for cryptocurrency payments? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com.

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Investor Information Portal Launches Jobs Board for Cryptocurrency Industry

Investor Information Portal Launches Jobs Board for Cryptocurrency Industry

If you are looking for new avenues to increase your cryptfolio, one of the more direct ways to do so is to get involved with a project so you can be paid in tokens. And a new platform meant to help with finding employees and jobs in the field is on the way, with only companies paying for the service.

Also Read: The Daily: Binance Launches Incubator, Coinbase Adds Info on Top 50 Cryptos

Find a Job at the ICO Bazaar

Investor Information Portal Launches Jobs Board for Cryptocurrency IndustryCryptocurrency investor information portal, ICO Bazaar, will soon be revealing a platform for matching companies with prospective talent. Officially to be launched at the end of August, the jobs board is said to already have over 300 companies listed with more than 1,000 open positions needing to be filled.

The platform will be free of charge for candidates, and companies can get a free month trial for registering before the official launch. The fee for companies is not finalized yet, but the company could say that it will be comparable to the going market rates. “We expect the feedback from our clients from the test period to help us settle the rates,” they explained. Some of the ICO teams using the platform to find new talent include Orca Alliance, Oxygen Trade, and Modern Token Agency.

A Shortage of Professionals

Investor Information Portal Launches Jobs Board for Cryptocurrency IndustryExplaining the decision to launch the new service, the team told news.Bitcoin.com that there is an acute need for talent among projects. “Every ICO has 2-3 opening positions on average, and as we see all of them listed on ICO Bazaar and communicate with them, we see a huge demand for blockchain talents. We researched and found that demand for blockchain specialists grew by 115% in 2017, and there is a shortage of professionals on the market: both for tech and non-tech.”

Earlier this year we reported that while interest in cryptocurrency jobs peaked in December 2017, queries for blockchain positions remained high. The top ten related roles on Indeed, by descending order, were: Developer, Recruiter, Software Engineer, Director IT Digital Strategy & Innovation, Java Developer, C# Developer, Senior QA Engineer, Solution & Proposition Architect, Senior Developer, and lastly Project Manager.

Is this still a good time to join the ICO ecosystem? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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Bitcoin-Themed Hostel Opens in Scenic Brazilian Town of Paraty

Bitcoin-Themed Hostel Opens in Scenic Brazilian Town of Paraty

Located between the mountains and the sea not far from Rio de Janeiro, Paraty is renowned among travelers to Brazil for its scenic views. It features waterfalls, tropical beaches, an historic Portuguese colonial town, and now a Bitcoin-themed hostel.

Also Read: This Week in Bitcoin: Islamic Exchange, Self-Regulation, Social Trading

Bitcoin Hostel in Paraty, Brazil

Hostel Bitcoin is an accommodation for crypto tourists in Paratay, Brazil. According to its Booking.com listing, it features a shared lounge and a bar, and provides access both to the historical town center and the hiking trails. It was created by Alessandro Santos, an architect and engineer which has lived in the city for more than three years.

The owner told local Brazilian media source, Portal do Bitcoin, that all the services offered at the establishment, including meals and tours can be paid for with cryptocurrency. The decision to accept this new means of payment, said Santos, was born of the observation that the many foreigners who visit the area are interested in Bitcoin. “I am well on the route of the waterfalls, where several jeeps pass daily with these tourists and the attention they give to the theme is notorious,” he explained. “Some even ask the jeeps to stop to take photos of the inn,” he added.

Bitcoin-Themed Hostel Opens in Scenic Brazilian Beach Town of Paraty

Expanding the Local Community

At first only BTC will be accepted at Hostel Bitcoin, but the owner said he plans to eventually accept whatever coins they “can get through a simple account of an exchange like Bitrex.” There are also plans to sell crypto at the hostel, but the owner was not able to share more information just yet “because of a confidentiality agreement.” In addition, the owner of the hostel said he intends to lead a movement to boost the acceptance of cryptocurrency in the area. “I believe that, having a good acceptance, we will be able to expand to the other inns and restaurants in the city,” Santos said.

Bitcoin-Themed Hostel Opens in Scenic Brazilian Beach Town of Paraty

If you are looking to visit a cool crypto-themed place but can’t make it to Brazil, we recently featured a new venture in China. Hash House is a BCH-accepting cafe and coworking space in the city of Xi’an, home of the famous Terracotta Army.

Are people more likely to frequent a cryptocurrency themed business? Share your thoughts in the comments section below.


Images courtesy of Shutterstock and Booking.com.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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Dead Man’s Switch App Wins Tokyo Hackathon for Bitcoin Cash Grand Prize

Dead Man’s Switch App Wins Tokyo Hackathon for Bitcoin Cash Grand Prize

Thirty four tech-savvy engineers, enthusiasts and students gathered at Hash Hub, the co-working space in the Tokyo University neighborhood to participate in a hackathon organized and sponsored by Crypto Age, Yenom and Bitcoin.com last weekend.

Also read: Yenom Launches Bitcoin Cash Library Implemented in Apple’s iOS-language Swift

“Clock Wallet” Team Wins 1 BCH

Prizes in BCH have been awarded to the 3 best teams able to deliver a working mobile app prototype in two days. The hashtag for the event read #ビットコインしろ in Japanese, roughly meaning “let’s Bitcoin”, except it’s imperative, so rather “Do Bitcoin!” an organizer explained.

Dead Man’s Switch App Wins Tokyo Hackathon for Bitcoin Cash Grand Prize
Winners, Tokyo Hackathon 2018

“Clock Wallet” was the winning team’s project that facilitates the “inheritance of cryptocurrencies” by allowing users to set time-locked transactions that become effective if the users doesn’t log-in to his/her wallet after a set period.

Akifumi Fujita, 23, from Yenom told news.Bitcoin.com that the event took place two entire days, from August 18 to 19th, and that some participants came from as far as Osaka in southern Japan and also from Iwate, up north. “It was great because the goal for us organizing this hackathon was to give a chance to as many people in Japan to gather and develop apps for Bitcoin, and I’m happy to say we did it, many people said the event allowed them to learn new stuff on Bitcoin apps, and that they are even more excited to keep working on new ideas,” Fujita said. “We had highly motivated participants, 10 of them stayed over night at HashHub co-working space from Saturday to Sunday, taking short naps on 2 couches and a ‘bed’ which we had prepared for the occasion, or some even just slept on their desks,” he said. About half of the participants were Japanese IT students, most of them in their 20s, the rest were professional developers in their mid-30s or 40s, but some said they develop Bitcoin apps as a hobby, he added. There were reportedly 32 Japanese participants and 2 Foreigners.

Let’s Bitcoin!

Dead Man’s Switch App Wins Tokyo Hackathon for Bitcoin Cash Grand Prize

Gerald Fabrot and Paul Bergamo, (jointly representing one seat) from Bitcoin.com’s business and web development teams, Mr. Jo Miyamoto from Campfire, and Mr. Shigeyuki Azuchi, co-author of a Japanese book on Blockchain programming, were the judges who chose the winning team based on 3 main criteria. The app had to provide a meaningful use of bitcoin, it had to use technology and finally, the judges asked themselves if they would want to use it personally.

Initially Yenom team and the co-organizers expected 3 or 4 teams to compete. This weekend, 34 participants divided into 11 teams of 3 to 4 developers gathered at the hackathon. Team G, represented by Takahiro Hirata, Kawa, Shiho Takeuchi and Shoichi Yamazaki, won the first price of 1 BCH for their “dead man’s switch” BCH app that executes a transaction if the human operator stops being active. With their app, users can set time-locked transactions that become effective if they don’t log-in to their wallet after a set period.

Dead Man’s Switch App Wins Tokyo Hackathon for Bitcoin Cash Grand Prize

“With traditional banks when someone dies, it’s extremely complicated for the remaining family to easily access the dead persons’ assets,” Shiho Takeuchi, 25, who was one of the only two female participants at the hackathon, told news.Bitcoin.com. “It works like this, every month, you log-in and confirm that you’re still alive, and if you die or if you’re inactive for a certain period of time, your funds can be transferred to someone you have preselected beforehand. You set the trigger period, it can be anytime, like 6 months or 10 years, you can just choose,” Shiho Takeuchi explained, “you see, if I die and cannot access my wallet, then after the time is expired, the funds can be transferred with the app we have come up with.”

“We Need More Apps That solve Real-World Use Cases”

“If a user stops accessing his phone for ‘x’ amount of months or years,” Gerald Fabrot, one of the judges said, “the app aims at releasing the funds to a specific person. Team D’s idea is not entirely new, yet it has never been implemented, and people will increasingly need to deal with the inevitable issues of death/impairment and transmission of assets,” he said.  “We need more projects implementing functionalities that solve real-world use cases. I would use it. The use of time-lock is simple but elegant, and while time-lock transactions need to be re-created several times a year, the predictably low transaction fees of BCH makes it possible to implement for, perhaps, 10 JPY (0.09$) a year,” he added.

The winner team won 1 BCH from Bitcoin.com for their creative work, the second team won 0.5 BCH for putting together a voting system (pageants, etc,) that allows users to write a message to whomever they support as OP_Return in the Blockchain. The third team won 0.25 BCH for making Atomic swaps between lightning network and BCH, Gerald Fabrot said.

What do you think of this team’s mobile app? Let us know in the comments section below.


Images courtesy of Shutterstock, Yenom and Bitcoin.com.


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44% of American Executives Think “Blockchain Is Overhyped”, Deloitte Survey Finds

44% of American Executives Think “Blockchain Is Overhyped”, Deloitte Survey Finds

New indicators point to corporate executives starting to wisen up to the notion that so-called blockchain technology is some kind of cure-all drug for their industries that they can just extract from Bitcoin and drop the cryptocurrency behind. The latest example of this is a recent survey by Deloitte, showing that 44% of American executives think “blockchain is overhyped”.

Also Read: 90% of Corporate “Blockchain” Pilots Will Never Materialize

“Blockchain Fatigue” Is Setting In

44% of American Executives Think “Blockchain Is Overhyped”, Deloitte Survey FindsAccounting giant Deloitte has conducted an international survey of over 1,000 “blockchain-savvy” executives from seven countries, including the US, Canada, Mexico, UK, France, Germany and China. The data shows that 39% of respondents around the world believe blockchain is “overhyped.” And in the US this figure is even higher, with 44% see blockchain as overhyped, up from 34% in 2016. The main problem is that despite the constant babble about blockchain, there are actually very few active use cases. As a result, Deloitte says “blockchain fatigue” is beginning to set in among those who feel “its potential has been over-communicated, while its real-world benefits remain elusive.”

The analysis explains that established firms face a host of legacy concerns while trying to make blockchain fit into an already existing business model that may or may not benefit from it. Respondents also see a variety of obstacles moving forward, with a third saying current return on investment remains “uncertain.” And only 34% say their company has initiated deployment in any way.

Shift Towards Pragmatism

44% of American Executives Think “Blockchain Is Overhyped”, Deloitte Survey FindsTrying to put a positive spin on the results, Deloitte analysts wrote that: “On their own, these numbers seem to indicate that blockchain is moving in the wrong direction. However, we believe this change in attitude is more reflective of the shift toward the pragmatists in the blockchain community.” They added that: “Based on our experience with the emerging disruptors, we believe blockchain adoption is far more advanced in the United States than the Deloitte global survey indicates.” However, it’s important to remember that their 2016 report also overestimated the pace at which blockchain production will materialize compared to what really happened so far.

The analysis notes that there is a significant number of skeptics who view blockchain as the overhyped engine behind a volatile and unregulated financial market. The writers try to put part of the blame for this on cryptocurrency traders, who supposedly “have helped to bring mainstream notoriety to blockchain,” among the general public. Still, there are signs the hype is not yet over. For example, nearly 40% of executives reported that their firms will invest $5 million or more in blockchain technology in 2019.

Does the idea of corporate “blockchains” make sense to you? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


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Crypto Cafe and Coworking Space ‘Hash House’ Established in Xi’an, China

Crypto Café and Coworking Space Hash House Established in Xi'an, China

A new crypto cafe and coworking space, called Hash House, has been established in the city of Xi’an, China. It seems like a cool place to go whether you want to learn about the latest trends, develop your own project, or just grab a coffee for BCH.

Also Read: The Daily: Huobi OTC to Support Dồng, Dymon Asia Backs Crypto Platform

Say Hello to Hash House

Crypto Café and Coworking Space Hash House Established in Xi'an, ChinaHash House is a new crypto-themed cafe and coworking space in the Chinese city of Xi’an, the capital of Shaanxi Province and home of the famous Terracotta Army. After operating under the radar for about a month, the venture is planning to celebrate its official opening with a three-day “Blockchain Carnival” event in late August. Inside the cafe, Hash House have set up a mining exhibit that displays mining hardware and their history, cryptocurrency-themed decorations, and a crypto shop that sells related merchandise such as different hardware wallets from around the globe.

Serving as a crypto community center, Hash House also provides learning materials for free, such as white papers and relevant books. Every week the place will host seminars and meetups about different subjects to share the latest crypto news and trends to locals for free. And the cafe actually serves specialized food and drinks that can be paid for with Bitcoin Cash (BCH). Complementing the public cafe are professional development studios for relevant startups, offering a classroom, multiple meeting rooms, a 2000 square-meter exhibition area and 500 square meters of office space.

Giving Back to the Community

Crypto Café and Coworking Space Hash House Established in Xi'an, ChinaSpeaking with news.Bitcoin.com, the founder of Hash House, Kirk Su, explained the rationale behind the new venture. When he came back to China after graduating from Indiana University, Kirk noticed that actual adoption is still very low in his home country, outside the major coastal cities, compared to what he saw in the West. He was already involved in the crypto mining world for three years at that point and wanted to “give back to his community the culture of bitcoin because that is something that people deserve to know.”

The purpose of Hash House is to introduce new people to the concept of cryptocurrency and educate against any negative perceptions they might have, as the topic is often only reported by the general media regarding scams. And above all, the team will teach newcomers about the utility, history and legacy of Bitcoin Cash, which Kirk explains “is the real Bitcoin.”

By having a team who make Bitcoin-themed swag and drinks, as well as attractions like a Harley Davidson for sale for which the only crypto accepted is BCH, the place exudes a very cool vibe. Kirk explains that this, in addition to the various activities, gives people great photo-taking opportunities for social media, thus promoting Bitcoin Cash from the ground up to new people. And the attraction seems to be working, as the place has only been open for about a month and already people are flying in from all over China just to see it for themselves, Kirk says.

Are you looking forward to grabbing a coffee at Hash House next time you visit Xian? Share your thoughts in the comments section below.


Images courtesy of Hash House.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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Crypto Tax and Accounting Software Libra Raises $15M in Series B Funding

Crypto Tax and Accounting Software Libra Raises $15M in Series B Funding

Traditional venture capital investors seem to think that the field of crypto reporting apps is appealing. Cryptocurrency tax and accounting software development startup Libra has raised an extra $15 million in its Series B funding round.

Also Read: Opera Browser Opens Its Built-in Cryptocurrency Wallet to Desktop Users

$24.8 Million in Funding for Crypto Tax App

Crypto Tax and Accounting Software Libra Raises $15M in Series B FundingLibra, a provider of middle and back office technology and data services for the crypto-assets ecosystem, has announced the closure of a $15 million Series B round. The funding was led by its previous lead investor, described as a “prominent, multi-billion dollar European family office,” with continued participation from Series A investors, including Liberty City Ventures. This round brings Libra’s total funding to $24.8 million.

The company plans to use its new funding to continue building out its core product, the Libra Crypto Office platform, as well as support the release of new products and services later this year. It says that the capital raise not only strengthens the ability for further product growth but also the ongoing expansion into new customer segments such as miners, lenders and custodians. The venture originally started its operations back in 2014, by developing tax apps for average cryptocurrency day traders. It is now focused on transforming crypto transactional data into operational and audit-ready financial information for institutions.

Helping Crypto Hedge Funds Meet Reporting Standards

Crypto Tax and Accounting Software Libra Raises $15M in Series B Funding“Libra’s mission is to provide a system of record that allows institutions with crypto transactions to meet the reporting requirements of managers, investors, auditors and regulators,” said Jake Benson, Founder and CEO of Libra. “We are very excited our investors have affirmed their continued support for Libra with their contribution to our Series B raise. Their commitment allows us to expand our customer offerings, grow our team and increase our customer base.”

Indeed, investors seem to think the field of crypto reporting is worthwhile. Back in November 2017, Libra raised $7.8 million in its Series A funding round, adding to their previously raised $2 million seed round from firms like Fenbushi Capital. Investors who participated in the A funding round included Liberty City Ventures, Boost VC, and early Facebook investor Lee Linden. Another competitor in the space, crypto tax reporting software developer Node40, was acquired for $8 million earlier this year.

Is this development good for the ecosystem? Share your thoughts in the comments section below.


Images courtesy of Shutterstock, and Libra.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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The Daily: New Education Centers, Vietnamese Ask for Fraudster’s Extradition

The Daily: New Education Centers, Vietnamese Ask for Fraudster’s Extradition

In today’s edition of Bitcoin in Brief we cover a number of new academic education centers around the world devoted to the research of the technology behind cryptocurrency, and demands by Vietnamese victims for an alleged fraudster’s extradition plus an update about Kickico.

Also Read: Okex Socializes Loss From Over $400 Million Bet Among BTC Futures Traders

Tsinghua University Research Center

The Daily: New Education Centers, Vietnamese Ask for Fraudster’s ExtraditionChina Internet Nationwide Financial Services Inc. (NASDAQ: CIFS), a financial advisory services provider, has announced an agreement with Tsinghua University to establish an “Industry Trusted Blockchain Application Technology Joint Research Center”. The stated purpose of the center is developing key technologies to support the blockchain ecosystem in the country, as well as common architectural systems and models needed to support blockchain applications for a range of industries.

Mr. Bin Yang, Vice President of Tsinghua University, noted, “The development of industry-trusted blockchain application technologies has become a vital national strategy for all countries. It is an important goal for us to deeply build digital ecosystems, which once integrated into our economy should speed up China’s economic transition by upgrading the industry standard. The digital transformation has only just begun and the development of industry trusted blockchain applications is expected to have a number of positive impacts for the society.”

Bahçeşehir University Innovation Center

According to media reports from Turkey, the Istanbul Blockchain and Innovation Center was inaugurated on Friday at Bahçeşehir University. It is said to work with students and entrepreneurs who want to conduct academic studies in the field. “The purpose of the BlockchainIST project is to be the most important center of research and development and innovation in Turkey in which scientific studies and publications are made in blockchain technologies. To this end, it is crucial to cooperate with other universities, the business world and government institutions,” stated Director Bora Erdamar. “We will strive to train Turkey’s human resources in blockchain and enable the country to lead the world in this area,” he added.

Hartford, Connecticut Chain Valley

The Daily: New Education Centers, Vietnamese Ask for Fraudster’s ExtraditionSeven Stars Cloud Group, Inc. (NASDAQ: SSC), the fintech firm of Chinese media tycoon Bruno Wu, has announced that it will be establishing its global headquarters for technology and innovation, called Chain Valley, in Connecticut. The company said it will be transforming Uconn’s former campus in West Hartford into a center for research, training, and business development with a $283 million investment expected to create 330 jobs over the next five years.

“We are thrilled to have found such a wonderful spot right here in central Connecticut,” Bruno Wu said. “It is here that the first students to ever leave China, the Mission Boys, settled in the late 1800s to study Western science and engineering. It is in the spirit of these students that we will build a facility so modern and dynamic that it will attract the best talent and companies, making this site the blockchain capital of the U.S. and the world. This fantastic location provides access to a highly skilled workforce, as well as more than 40 institutions of higher learning, and several major metropolitan areas all in proximity of this site. It is an ideal location for our firm to write our next chapter, and we could not be more excited to soon join this wonderful community in West Hartford.”

Vietnamese Ask for Fraudster’s Extradition

The Daily: New Education Centers, Vietnamese Ask for Fraudster’s ExtraditionOver 1,000 people have signed a Change.org petition asking for the extradition to Vietnam of Le Minh Tam, the CEO of Ho Chi Minh City-based crypto mining scheme Sky Mining. The petition claims that the alleged fraudsters behind the company “invited 5,000 persons with each investment package from $500 to $5000. They used money to buy machine to get Bitcoin and promised to share the profit with investors. But finally, they escaped with all money, estimated $36 million dollars. Their Victims are not only in Vietnam but also in Japan, Africa. Some of the victims borrow money or sold estate to invest, so now lose everything and someone had killed themselves. Cheaters buy house in San Jose California and now stay in Atlanta or Germany. We need them come back to Vietnam to solve problem. Please Expel them from your countries!” According to local media reports, the Vietnamese police said that Tam left the country on July 22 and flew to Doha, Qatar.

Kickico Update

Kickico, which recently recovered 70 million stolen KICK tokens following a hack, has promised to compensate all stolen KICK tokens and soon begin transferring funds to users’ wallets. The team has also reportedly planned an airdrop of a new project’s native coin (called U.Community) to current KICK token holders, and the estimated pool value may reach $40 million. “It was through the vigilance and collaborative efforts of our community and team which led to such a positive result. Clearly the market has positively reacted to our handling of the situation. Together with all the support from our users, this has led to the growth of the token’s value,” said Alexander Spirin, Head of Community at Kickico.

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


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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Japanese Firms Jointly Launch Corporate Crypto Accounting Tool

Cryptolinc Co. Ltd, which develops and provides cryptocurrency management and calculation systems, and Miroku Information Service Co. Ltd, a financial and accounting system management and information service, have jointly created a crypto corporate accounting tool for corporate cryptocurrency accounting.

Also Read: Japan Tax Agency Says Individuals Earning $1,800+ in Crypto a Year Will Declare Tax

Cryptolinc Corporate Accounting Shares Data in Collaboration with Accounting Firm

Through a collaboration, cryptocurrency transaction data will be incorporated into the financial and accounting system of Miroku Information Service, enabling an appropriate and complicated accounting process to be carried out smoothly, the companies explained in a statement.

By realizing a seamless data linkage with an API connection to Cryptolinc Corporate Accounting, the software should drastically help accounting companies to process corporate tax returns for cryptocurrency transactions, which are expected to increase in the near future.

Transaction Data to Be Collected From Each Exchange

“Cryptolinc Corporate Accounting beta version can prepare an income and expense calculation after uploading transaction data from each cryptocurrency exchanges,” the companies said in a joint statement. “[It] can capture data and insert it into an accounting software, such as the one Miroku Information Service provides. This is the first tool for corporate cryptocurrency accounting in Japan.”

With the crypto market having expanded rapidly in Japan, by March of this year the ASBJ, (Accounting Standards Board of Japan) issued the Practical Solution on the Accounting for Virtual Currencies under the Payment Services Act, which attracted everyone’s attention to accounting issues for crypto. However, calculating expenses and losses in virtual currencies is extremely complicated and takes a lot of time. Many accounting firms and corporate accountants are struggling to respond to such demand.

Japanese Firms Jointly Launch a Corporate Crypto Accounting Tool

“We focus on accounting of cryptocurrency transactions and we publicize them. When calculating income and expenses in crypto, it is difficult to calculate the difference between profit and loss, many accountants are struggling to respond to that,” Cryptolinc said.

What the software offers is management of transaction data collected through multiple crypto exchanges in a centralized way, and easy calculation of income and expense. Accounting data and results are collected by Cryptolinc Corporate Accounting, and in accordance with Japanese accounting standards, the data will be incorporated into the financial and accounting system of Miroku Information Service in a way that will allegedly satisfy tax compliance, enabling appropriate accounting and tax filing.

What do you think of corporate accounting firms using data shared by crypto exchanges? Share your thoughts in the comments section below.


Images courtesy of Shutterstock and CryptoLinc Ltd. Co.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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Coinmarketcap Launches Professional API and Adds Derivatives Markets

Coinmarketcap Launches Professional API and Adds Derivatives Markets

Coinmarketcap (CMC), the popular cryptocurrency markets tracker portal, has launched a professional-grade API for aggregated market data and added support for derivatives markets as part of a major quarterly overhaul of its operations.

Also Read: 90% of Corporate “Blockchain” Pilots Will Never Materialize, Researchers Say

CMC Professional API

The professional API is meant to offer developers and institutional funds the ability to use CMC aggregated data in product offerings, providing price, market capitalization, conversions, and trading pair data that the site aggregates from hundreds of exchanges. The company explains that it was launched after a month-long feedback and beta process with hundreds of users. This tool is meant for projects and investors that need to run more accurate simulations and backtest trading strategies. The service has a few price tiers from $79 to $699 a month and there is even an option for a custom Enterprise plan with up to five years of historical data.

Coinmarketcap Launches Professional API and Adds Derivatives Markets

“As part of our mission to continue growing the cryptocurrency sector with our partners, our professional API will ensure that the CoinMarketCap data that users know and trust can be integrated into every application. Our API comes with a best-in-class developer dashboard that will help every developer – from hobbyist to large-scale cryptocurrency product teams – make the most of our data,” said founder Brandon Chez.

Additional Features

Coinmarketcap Launches Professional API and Adds Derivatives MarketsThe CMC quarterly update also includes the addition of derivatives markets, new exchange ranking, a newsletter, an events page, an iOS app update, and a glossary of crypto terms. With the addition of derivatives markets, the site now support futures, options and OTC exchanges, and the company promises to add other data comprehensively. The brand new events page will feature coverage of “community-led and fringe events.” The iOS app now includes currency conversions between 32 fiat and five cryptocurrencies.

As part of the exchange ranking update, standard fee, no-fee, and transaction mining exchanges are now marked clearly. Two weeks ago we reported that, Coinmarketcap responded to accusations that it is implicit in supporting wash trading after a platform called Crypto Exchange Ranks published detailed allegations of how the popular tracker incentives exchanges to report fake volumes. The company declared its determination to support “transparency and clarity”.

“As our new product releases show, we are constantly updating so that we can help to grow adoption of cryptocurrency. If you also believe in what we want to achieve, we look forward to having you join our decentralized team around the world,” added Chez.

Would you pay for professional grade crypto data from Coinmarketcap? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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Thomson Reuters Eikon to Display Data on 50 Cryptocurrencies From Cryptocompare

Thomson Reuters Eikon to Display Data on 50 Cryptocurrencies From Cryptocompare

Institutional financial traders are about to receive access to new data feeds on fifty cryptocurrencies supplied by Cryptocompare. These will be added to Eikon, Thomson Reuters’ flagship financial information platform which was launched back in 2010.

Also Read: Banks Don’t Really Want to Use ‘Blockchain’ for FX Settlement After All

Increasing Demand for Crypto Coverage

Thomson Reuters Eikon to Display Data on 50 Cryptocurrencies From Cryptocompare

Toronto-headquartered multinational mass media and information firm, Thomson Reuters Corporation (NYSE: TRI), has entered into a strategic partnership with Cryptocompare, the cryptocurrency market data aggregator. Under the agreement, the aggregator will integrate order book and trade data for 50 crypto-assets, sourced from a variety of exchanges, into Thomson Reuters financial desktop platform Eikon.

Sam Chadwick, Director of Strategy in Innovation and Blockchain at Thomson Reuters, said: “Despite the decline in the price of many of the leading cryptocurrencies during 2018, we continue to see increasing demand from our customers for pricing coverage of the major names. We have been engaged with CryptoCompare since their involvement in our blockchain hackathon in September 2016, and continue to be very impressed by their approach to coverage of these challenging markets. This partnership puts pricing data for this emerging market alongside other asset classes, giving our customers a more comprehensive tradingview in Eikon.”

Fast-Growing Demand From Institutional Investors

Thomson Reuters Eikon to Display Data on 50 Cryptocurrencies From CryptocompareA long time staple for everyday traders and investors in the Bitcoin market, Cryptocompare, works by aggregating and analyzing ticker data from exchanges and integrating different data sets in the cryptocurrency price. It produces cryptocurrency trade data, order book data, block explorer data and social data.

Charles Hayter, CEO and Founder, commented: “As the digital asset markets mature, we see a fast-growing demand from the institutional investor community for comprehensive, real-time and global market data, which can be trusted as the basis for investment decisions. We are excited to enter into this partnership with Thomson Reuters; we have always sought to provide transparency to this market and this partnership provides a great opportunity for the institutional investor community to access not only our data, but also to benefit from our experience and insight.”

Is this a definitive sign that more hedge funds and investment banks are demanding access to the Bitcoin market? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com.

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