The Daily: Ledger Adds Coins, Okex Launches Coinall, Exmo Partners with Mistertango

The Daily: Ledger Adds Coins, Okex Launches Coinall, Exmo Partners with Mistertango

Covered in The Daily on Friday are several announcements crypto users may find interesting. Ledger has added support for 8 new coins and crypto exchange Okex is launching a white label platform. Also, Exmo will offer its European users faster payments and transfers in partnership with Mistertango, and Estonian startup Citowise has integrated credit card purchases for crypto in its Android app.

Also read:  Shapeshift Acquires Bitfract, Bitmain Invests in Tribeos

Ledger Adds Support for 8 New Cryptocurrencies

Popular hardware wallet provider Ledger has added support for third party applications developed for eight new digital assets to its Ledger Nano S device. From now on, the company will announce new additions on the first Tuesday of each month, in order to streamline app validation.

Starting this week, the Ledger Live application for Ledger Nano S offers the following new coins: Poa, Icon, Vechain, Wanchain, Ontology, Kowala, Particl, and RSK, the company announced in a tweet. Ledger developers have also provided a link to their roadmap for planned releases and other useful details published on Trello.

In a blog post, the team behind Ledger notes that the validation process for third-party apps will be simplified with clearer guidelines, giving developers more comprehensive guidance on security good practice, device applications interface, experience, and design requirements.

The new applications will be available for installation on Ledger devices through Ledger Live. However, the coins won’t be directly compatible with the native app and initially customers will have to use a compatible third-party wallet to perform transactions. “Ledger Live will gradually incorporate full support for third-party applications to enable Ledger users to not only install, but also transact with these new crypto assets directly from Ledger Live,” the company explains.

Okex Launches White Label Platform

Crypto exchange Okex has announced the launch of its new Coinall platform, a white label solution which is part of its Open Partnership program that started a couple of months ago. “The launch of CoinAll, the 1st exchange under Open Partnership Program, symbolizes a new era to build a community- and project-centric open exchange, unveiling an exciting new chapter in the blockchain industry!” the Chinese-run company posted on Twitter.

Participants in the Open Partnership program will now be able to take advantage of a variety of services offered by the exchange, including its clearing system, cold and hot storage, applicable anti-money laundering (AML) and know your customer (KYC) procedures. Coinall developers also claim that it is the first autonomous, community-run crypto-trading platform.

Coinall has released 10 billion CAC tokens, 51% of which will be allocated as rewards to users. The other 49% are reserved for the founders of the exchange and the members of the Open Partnership program. Currently, the platform offers trading pairs of CAC with bitcoin core (BTC), ethereum (ETH), and tether (USDT).

Exmo Introduces Faster Payments with Mistertango

The Daily: Ledger Adds Coins, Okex Launches Coinall, Exmo Partners with MistertangoThanks to a newly announced partnership with Lithuania-based payments provider Mistertango, European crypto exchange Exmo will offer its users the opportunity to make instant deposits and withdrawals in EUR. Traders will also be able to make Single Euro Payment Area (SEPA) transfers which translates into faster payments.

The Mistertango payment account will allow Exmo users to fund their crypto-related activities using fiat currency. The account comes with an IBAN number, offering the ability to instantly transfer money via SEPA, and a prepaid Mastercard as well. According to a press release, the Lithuanian company already works with more than 100 cryptocurrency exchanges and intends to expand further in the crypto space.

Estonian Citowise Offers CC Purchases of Cryptos

Crypto wallet provider Citowise is now offering users the option to buy cryptocurrencies with Visa, Mastercard and American Express debit/credit cards. The newly integrated function in its Android app currently supports purchases of bitcoin core (BTC) and ethereum (ETH), with plans to add other cryptos in the future, including bitcoin cash (BCH), litecoin (LTC), ripple (XRP), and NEO. In a blog post, the team promises that the functionality will also be available on iOS soon.

The Daily: Ledger Adds Coins, Okex Launches Coinall, Exmo Partners with Mistertango

In order to buy cryptocurrencies with their bank cards, users need to pass KYC and AML verification, a service provided by a third party – Citowise’s partner company Transcoin. The purchasing limits for this option are set at €32,000 (~$36,600) per month. The total can be spread over a maximum of four credit or debit cards, the company notes. The app of the Tallinn-based startup also supports purchases of cryptocurrencies with SEPA payments. In this case, the monthly limit is €200,000 and the daily is €40,000.

What are your thoughts on today’s news tidbits? Tell us in the comments section below.


Images courtesy of Shutterstock, Ledger, Okex, Exmo, Citowise.


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ABCC Token (AT): Its Uniqueness, Value and Approach

ABCC Token

Most crypto experts and watchers keeping track of the ICO phenomenon agree that the trend in the last few months has been for tokens to experience a sharp drop in prices: increase in the short-term but drop in the long-term. This has been one of the most significant challenges in the crypto verse and is being investigated by the Singapore-based trading platform, ABCC.

In a world driven by so much hype and the fear of missing out, crypto enthusiasts and even experts are increasingly finding it difficult to identify genuinely viable projects. While I do agree ...

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Cash Shuffle’s BCH Mixer Moves Forward with Steady Testing

Cash Shuffle's BCH Mixer Moves Forward With Steady Testing

Back in December, a new privacy protocol was released for bitcoin cash users called Cash Shuffle. The application has seen steady development since its inception and this week Cash Shuffle developers say that the platform’s alpha testing has been successful and the team has seen lots of testers. After the application is polished up, some more Cash Shuffle will be released to the general public soon.

Also read: Bitcoin.com and Purse.io Bolster Spending Giving New Shoppers $10 in BCH

Cash Shuffle Development and Testing Progresses

Bitcoin Cash (BCH) proponents will soon see the stable release of a mixing application that will help preserve an individual’s transaction privacy when using the BCH network. The BCH mixer Cash Shuffle was launched this past December and users could use the pre-release version and experiment with the plugin for the BCH wallet Electron Cash. Then in March the blockchain and mining firm Coingeek announced the company would help fund the Cash Shuffle development process. Furthermore, the programmers Josh Ellithorpe, Jonald Fyookball and other developers have been helping progress Cash Shuffle’s development.

Cash Shuffle's BCH Mixer Moves Forward With Steady Testing
A fully confirmed Cash Shuffle transaction.

This week a few developers including Ellithorpe and Fyookball detailed that the Coin Shuffle alpha testing has been going very well.

“We just did a test on Cash Shuffle (alpha) and it worked! A few more things need to be fixed before it can be released to the public, but it’s awfully exciting,” explained one of the mixing platform’s developers on Reddit.

Ellithorpe added to the Reddit post by thanking all the testers experimenting with Cash Shuffle platform.

“Just want to extend a huge thanks to all the testers! Really helps a lot to get support from the community to finally get Cash Shuffle in a stable state for everyone to use,” Ellithorpe emphasized.

Cash Shuffle's BCH Mixer Moves Forward With Steady Testing
Cash Shuffle in action from behind the scenes.

BCH Proponents Can Help Test Cash Shuffle Today

Moreover, Jonald Fyookball details that people can help test the Cash Shuffle platform and learn how to use the application by following this walkthrough. Essentially people have to download Electron Cash 3.3 for Windows or Mac and fund it with at least .0011 BCH. Then users can download the Cash Shuffle protocol (do not unzip) and add the plugin to Electron Cash by selecting the zip file. After that, you’ll be able to see the ‘Shuffle tab,’ select your specified addresses and press shuffle. It will take about 60 seconds for the shuffling process to start and then it should finish. If the transaction ‘times out’ Fyookball says it will be because the liquidity bot is busy helping others, in which case testers should wait five minutes and try again.

Bitcoin Cash supporters were pleased to hear about the progress of Cash Shuffle this week, and look forward to the stable version release. There are not many privacy-centric applications for BCH transactions, but news.Bitcoin.com reported on the Bob Wallet development last week which also does some BCH mixing. However, Bob Wallet is still in its initial stages using testnet, and Cash Shuffle looks as though it will be ready first.

Do you look forward to the stable release of the Cash Shuffle application? Let us know your thoughts on this subject in the comment section below.


Images via Shutterstock, Reddit, and the Bitcoin.com Explorer. 


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PR: Boomstarter.Network to Democratize Global Startup Funding with Blockchain

Boomstarter.Network to Democratize Global Startup Funding with Blockchain

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.

Boomstarter.Network, the biggest platform in Eastern Europe generating pre-sales for startups, moves to blockchain to challenge a number of limitations that constrain existing crowdfunding services.

In contrast to many classical crowdfunding platforms, Boomstarter.Network will allow startups from any country to pre-sell their future products. This becomes possible with blockchain technology and digital currencies. Boomstarter.Network will also provide safe cryptocurrency mining tools, so that anyone can mine and use the digital currency to buy products and services that startups offer on the platform.

A key priority is to remove country restrictions. The world’s leading fundraising platforms do not allow entrepreneurs to launch crowdfunding campaigns if they reside outside a very limited number of developed industrialized countries. Boomstarter.Network essentially aims to democratize crowdfunding by giving people in any country the ability to start their own product pre-sale.

With Boomstarter.Network, startups will get the funds quickly after a pre-order is made. Transactions will happen in a matter of minutes, while on existing platforms it can take weeks for funds to be sent and withdrawn.

Boomstarter.Network will also make it possible to pre-order innovative products and support startups by mining for cryptocurrency. The platform will provide buyers with a safe and easy tool for generating virtual currency using just their personal computers. United as a cloud mining pool, they will be able to create digital assets and use them to pre-order and support their favourite startups on the platform. They will also retain part of the generated cryptocurrency for personal use.

“We have been operating in the crowdfunding space for six years and we know the challenges that this scene is facing globally. Now with blockchain technology we are able to offer solutions to these shortcomings and provide access to crowdfunding worldwide. When you like the product that a startup on the platform is developing, you can pre-order and help them progress with it. And if you cannot spend your own money, you can show support by mining crypto for them and keeping some of it for yourself,” said Maria Dokshina, CEO of Boomstarter.Network and a certified fundraising professional.

The platform will use smart contracts based on Ethereum blockchain to ensure trust and transparency. These are computer algorithms that will guarantee people raising funds automatically receive the amounts they are due when their preset fundraising goal is reached.

Blockchain technology offers transparency in how startups use the funds they have raised. This will allow the community of those who pre-ordered to track and offer feedback on how the entrepreneurs have allocated the money they have collected to develop their product.

Well-established businesses often use crowdfunding tools to test demand and monitor pre-orders for products that are still under development. Along with improving accountability, the use of blockchain for transparent crowdfunding will also boost measurement and analysis of user sentiment.

Press Contact Email Address
pr@boomstarter.network
Supporting Link
https://boomstarter.network

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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Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and Digital IDs

Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and IDs

The city of Zug, home of the Swiss Crypto Valley, will invite its residents to take part in an experimental blockchain-based vote. They are expected to share opinions on several questions of local importance, including the fireworks display during the annual Lakeside Festival and the use of digital IDs to borrow books and pay parking fees. This and other fintech and crypto-related stories from the Alpine nation and other corners of Europe are featured in today’s edition of Bitcoin in Brief.   

Also read: Bitcoin in Brief Tuesday: POT Saves World, Coinbase Pumps ETC, Binance Wants EUR

Zug Experiments with Blockchain-Based Vote

Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and IDsAuthorities in the Swiss city of Zug plan to ask local residents to participate in a consultative blockchain-based vote this month utilizing the city’s electronic ID system. They will be able to vote via their smartphones by downloading and installing an app. The experimental vote will be held between June 25 and July 1. Citizens will be asked if they are in favor of setting alight fireworks during the annual Lakeside Festival, and whether they think digital IDs should be used to borrow books from the library, pay parking fees, and for identification on regular referendums.

According to Swissinfo, the results of the vote will be non-binding. Nevertheless, the initiative, which aims to test whether blockchain can be used on a broader scale, highlights again the positive attitude of Swiss authorities towards cryptocurrencies and the underlying technology. The canton of Zug, dubbed Switzerland’s Crypto Valley, has become home to many fintech startups and even established crypto companies like the Chinese giant Bitmain, which has opened an office there.

Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and IDsFor some time now, Zug has been accepting cryptocurrency payments for municipal services, including company registrations using bitcoin and ether. The city introduced its eID system to provide citizens with digital access to council services. The pilot phase of the project started last fall. The system is based on blockchain technology.

New Swiss Body to Simplify Capital Markets

In another example of Switzerland’s serious approach to fintech innovations, leading representatives of the country’s financial, technological, academic and legal sectors have recently formed the new Capital Markets and Technology Association (CMTA) to facilitate the use of blockchain in financial markets. In a press release, they noted that “the blockchain technology has the potential to reduce the complexity of the capital markets system and lower the barrier of entry for startups.”

According to CMTA’s founders, the lack of legal certainty is slowing and can potentially compromise development in the field. They hope to facilitate access to funding for new businesses by defining a set of industry-supported open standards. These should ultimately contribute to value creation throughout the economy said Jacques Iffland, CMTA’s chair and partner at Lenz & Staehelin, the largest Swiss law firm.

Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and IDs

Swissquote Bank Ltd, a leader in online banking, and Temenos, which specializes in banking software, are also behind the initiative. CMTA promises to work to create toolkits that can be used by new or established companies, businesses and startups to access funding and raise capital securely and efficiently, using new technologies and leveraging digitalization. The association is based in Geneva.

Irish Blockchain Startup Delivering Aid to Refugees Raises €1m

Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and IDsAn Irish startup, using blockchain to facilitate the distribution of humanitarian aid, has raised an estimated €1 million from investors, according to industry sources quoted by The Irish Times. The Dublin-based Aid:tech is working in refugee camps, often in hotspots like the Middle East. On Wednesday, Enterprise Ireland and SGInnovate, the venture capital arm of the Singaporean development authority, announced simultaneous investments in the Irish company. This is the first time both state-backed organizations have allocated funds to support a blockchain business, the Irish daily notes. Amsterdam-based Blue Parasol Investments and Tin Fu Fund, a closed private equity fund managed by Shenzhen Capital Group, also took part in the funding round.

Aid:tech aims to increase transparency in the distribution of aid, welfare, remittances, donations, and healthcare services through digitizing their delivery using blockchain technology on its platform. According to the company, only a fraction of the estimated €306 billion (~$360 billion) transferred each year by non-governmental aid organizations is currently delivered via transparent systems which, the startup claims, are extremely expensive to administer. The blockchain technology employed by the Irish firm would allow all international aid to be accounted for, including the distribution of medicine, food and other essentials, the publication details.

Government-Backed Platform to Promote Ireland as a Blockchain Hub

In an attempt to highlight Ireland’s capabilities in the blockchain ecosystem, authorities in Dublin have launched a new government-backed platform. Blockchain Ireland, founded in partnership with a young company called Consensys, aims to create conditions for greater cooperation between startups working in the sector, both on national and international level. The platform was launched by the Irish Blockchain Expert Group and backed by Enterprise Ireland, the Irish Department of Finance, leading members of the country’s blockchain industry and representatives from a number of academic institutions.

Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and IDs

The online platform is a source of useful information about the Irish blockchain ecosystem. It will be used to promote the country as a blockchain hub by highlighting the Irish technology sector and business environment which turn Ireland into an ideal location for blockchain-enabled business, Silicon Republic reports. The services it will be offering include providing information on setting up a new company and support for blockchain projects in Ireland. Its activities, however, will stretch beyond Irish borders. Blockchain Ireland will be working to develop the European and international blockchain ecosystem as well.

What are your thoughts on today’s topics in Bitcoin in Brief? Let us know in the comments below.


Images courtesy of Shutterstock.


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PR: How Edgar Allan Poe Inspired a Composer to Build Qravity – a Blockchain Platform for Creatives

How Edgar Allan Poe Inspired a Composer to Build Qravity - a Blockchain Platform for Creatives

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.

Deep into that darkness peering, long I stood there wondering, fearing,
Doubting, dreaming dreams no mortal ever dared to dream before

Lifestyles of the Poor & Famous

On January 29, 1845, Edgar Allan Poe became an overnight sensation with the New York Evening Mirror’s publication of a poem that still thrills and haunts readers, listeners, and viewers to this day.

Despite the overwhelming popularity of The Raven, it netted Poe a total of $24; over half of that amount was charity that he received for what may have been a draft. Adjusted for inflation, his literary masterpiece netted him a total $754.91 in 2018.

To put this in a contemporary context, think about an international chart-topping single, say Taylor Swift’s Shake it Off. It’s hard to imagine Ms. Swift selling that track, rights and all, to a record label for a little over $750.

The Raven went viral, first in the US, then in Europe. It has become so deeply ingrained in contemporary culture that we’re still reciting, remixing, and reimagining it in various media to this day.

Poe’s exquisitely crafted poem may have won him recognition, but his writing failed to earn him superstar riches. Poe’s lifetime earnings for 20 years’ worth of poetry, prose, and non-fiction amounted to $6,200, or $195,018 adjusted for inflation.

That’s about $9,750 per year – probably the sum that Taylor Swift makes as she sings Shake it Off at one of her shows. That may be stretching the truth, but not by much.

Unjust rewards – Nevermore!

The writer’s financial distress had a profound effect on Austrian producer and composer David Brandstaetter. “Poe’s work, especially The Raven and Annabel Lee, has always inspired me,” says David, “He not only wrote some of the most famous poems of all time, he also established the foundations of the detective story and science fiction!”

David was shocked when he first learned about the pittance the writer received for The Raven. It got him thinking about the hurdles that many of today’s creatives must overcome in order to earn a living, such as copyright infringement and fair payment.
Experience as a sound designer at Rockstar Games Vienna and as a producer at Sony DADC gave David a deep understanding of the wants and needs not only of content creators, but also of creative teams, project managers, and consumers. It became clear to him that the digital content industry needed a platform that facilitated the production and distribution processes.

Qravity’s Rainbow
In February 2016, David founded Qravity to help bring original content to market. Soon, a working version of the Qravity platform was ready for testing. “In July 2017, we had a unique collaboration and communication tool for creative teams,” says David, “Qravity also tracks tasks in such a way that creative members receive stakes in the content they help make. For example, a person who writes lyrics for a song gets a share, say five percent, of the song’s revenue. Every time someone buys that song, the lyricist gets five percent of that payment.”

Qravity needed a secure and transparent means of keeping this process equitable. There was also the matter of protecting copyright and preventing piracy. “I was speaking with my friend and business partner Sascha Dennstedt [Qravity’s Co-Founder and CFO] about Poe and how, in some ways, little has changed financially for artists,” says David, “He said that we should integrate blockchain into Qravity. Some research convinced me that this made perfect sense.”

Using smart contracts, Qravity provides creatives with immutable and transparent records of their stakes in the projects they help complete. They receive these records in the form of digital tokens called QPT. Based on the amount of QPT they hold, Qravity sends creators a share of revenue earned whenever the content they helped make is purchased. They receive these payments in the form of Qravity’s cryptocurrency, QCO.

So if our lyricist has a five percent stake in the song he penned, a 1 QCO song earns him 0.05 QCO, which he can then trade on crypto exchanges, or spend in the Qravity marketplace.

Decentralization for Fair Payment

“[The Raven] will stick to the memory of everybody who reads it.”
Nathaniel Parker Willis, Editor, Evening Mirror

The creation of art that transcends cultures and achieves a sort of immortality is one of the greatest achievements to which one can aspire. But such greatness does not pay the bills.

Qravity’s decentralized content production and distribution platform is on the verge of helping creators own and profit from their work. In doing so, it aims to stimulate the continuous creation and consumption of premium digital content – forevermore.

—-

Get QCO during the Qravity token sale.

Presale with 30% bonus: July 2-16, 2018.

Regular token sale: July 17 to September 5, 2018.

To learn more, visit www.qravity.com, read the Qravity white paper, or join the discussion in the Qravity Telegram group.

Contact Email Address
marketing@qravity.com
Supporting Link
http://qravity.com/

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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PR: Publishing Platform Authorship Is Proud to Announce Their Platform Will Open on June 1st

Publishing Platform Authorship Is Proud to Announce Their Platform Will Open on June 1st

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.

One year after their successfully run $4M ICO, Authorship is proud to announce their platform is ready to be launched as per their scheduled roadmap on June 1st.

Authorship aims to simplify the book publishing process by giving all the authorities to the author. When an author publishes a book at the platform, he/she enjoys all the rights and does not have to comply with the complex policies of publishers, worry about the distribution or share the major chunk of royalties with the publishing company.

All the transactions on the platform are done through the use of ATS tokens. The ATS, an ERC-20 token based on the Ethereum technology, is a unit of exchange on a new Blockchain based book publishing system. Authors are rewarded with ATS tokens in exchange to book sales, while readers are able to spend ATS tokens in order to purchase books.

Authorship is a Bancor token relay partner, meaning users can easily buy/sell ATS tokens through the Bancor portal or directly from the Authorship website thanks to the integrated exchange widget.

It can easily be said that with the aim of resolving one of the biggest challenges authors face i.e. to get their books published and distributed and to connect readers with at least 100,000 authors from all over the world, Authorship is going to drastically transform the book industry.

Authorship is all about facilitating and encouraging existing and budding authors to do what they do best. This platform will be the convenience they need to grow in terms of both wealth and profession/interest/business.

Once launched, Authorship might prove to be a revolutionary platform that facilitates and promotes the literary community across the globe.

Press Contact Email Address
contact@authorship.com
Supporting Link
http://authorship.com

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.

The post PR: Publishing Platform Authorship Is Proud to Announce Their Platform Will Open on June 1st appeared first on Bitcoin News.

Parksen to Create World First Sustainable City Platform

AMSTERDAM, THE NETHERLANDS – Parksen will build a Green, Smart & Connected City Platform, powered by the Ethereum blockchain, immutable smart contracts and a real-time parking app, that will bring much-needed innovation to modern and urban hotspots around the world. The mission? Enriching and connecting these metropolises with truly green solutions, smart and IoT device integrations, overall cost reductions and general infrastructural optimization for citizens and municipalities alike.

Parksen will create and use an open and universal ledger to record and map data that will give us the picture of major chokepoints in urban areas. With ...

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How Synexcoin Turned Experience into a Philosophy!

Synexcoin

There have been many revolutionary ideas in technological history that have flopped throughout their history. Does Video 2000 tell you something? Apple’s Newton? Or the Ford Nucleon? Many technical inventions have spectacularly flopped even though they were good products. With a good invention, you don’t always succeed. Many start-ups succumb to the mistaken belief that good product equates to success. But not only young and small businesses fail with innovative products, even large corporations are not immune from flops. No matter how much they pump into marketing and PR, some of the auspicious ideas just are not accepted ...

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Canadian Regulator Warns Investors of Five Cryptocurrency Firms

Canadian Regulator Warns Investors of Five Cryptocurrency Firms

The Ontario Securities Commission has issued a warning against five unlicensed crypto companies involved in schemes to encourage investors to trade or invest in cryptocurrencies. The regulator started gathering information about these platforms after receiving complaints about them.

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

Warning to Investors

The Ontario Securities Commission (OSC) published an Investor Alert on Friday, warning the public of five firms that “appear to be involved in schemes that target Ontario investors and encourage them to trade or invest in cryptocurrencies,” stating:

Btcreal, Bitserial, Hypercube Ventures LP, Cabincoin OÜ, and Baappay Inc. are not registered in Ontario to solicit investments or provide advice on investing in, buying or selling securities.

Canadian Regulator Warns Investors of Five Cryptocurrency FirmsThe Commission started gathering information on several crypto trading platforms last month after it received a number of complaints about them, CBC reported, adding that to date no platform has been recognized by the OSC as an exchange or exempted from recognition. Any platform that offers cryptocurrencies that fit the definition of securities “must determine whether it is a marketplace. Marketplaces are required to comply with the rules governing exchanges or alternative trading systems,” the news outlet elaborated.

Last month, the OSC issued an Investor Alert on Bitconnect, Bitconnect Coin and the BCC Exchange. “Bitconnect, the BCC Exchange and representatives of Bitconnect are not registered in Ontario to solicit investments or provide advice on investing in, buying or selling securities,” the regulator wrote.

The Five Unregistered Firms

Canadian Regulator Warns Investors of Five Cryptocurrency FirmsThe first firm mentioned in Friday’s warning is Btcreal. This company “claims to provide full investment services for cryptocurrency-related investments and forex,” promising investors “high returns in short periods of time,” the OSC described. The company’s website advertises “6 high ROI [Return On Investment] plans.”

Canadian Regulator Warns Investors of Five Cryptocurrency FirmsThe next company is Bitserial which “claims to offer opportunities to invest in BTE Tokens.” The firm also “encourages investors to participate in a lending program where they can exchange bitcoin, litecoin, or ethereum for BTE Tokens that are ‘lent out’ for high returns,” the Commission detailed.

The third company is Hypercube Ventures LP which manages multiple websites to encourage investors to buy “emission pools” in order to generate “VNN cryptocurrency,” according to the Commission.

Canadian Regulator Warns Investors of Five Cryptocurrency FirmsThe fourth is Cabincoin OÜ which “is currently advertising an unregistered token sale for Cabincoin Tokens,” claiming that “the future value of these tokens will far exceed their initial price,” the OSC wrote.

The last on the list is Baappay Inc. which “is a multi-layered platform that integrates both fiat and cryptocurrency payment services for merchants, that will confirm and guarantee all payments in seconds,” its website describes. The OSC says this company “is also currently advertising an unregistered token sale.”

What do you think of the OSC’s warning? Let us know in the comments section below.


Images courtesy of Shutterstock, the OSC, Btcreal, Bitserial, and Cabincoin.


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The post Canadian Regulator Warns Investors of Five Cryptocurrency Firms appeared first on Bitcoin News.

BCH-Powered Social Media Apps Launch New Features

BCH-Powered Social Media Apps Launch New Features

This week the two popular Bitcoin Cash social media applications, Memo and Blockpress have rolled out a bunch of new features on each platform. Now users on both platforms can upload pictures, video, and even torrent magnets found on the Pirate Bay.

Also Read: Trading Cryptocurrencies Like a Boss Takes Time and Research

 Memo and Blockpress 

So far over the past couple of weeks, Bitcoin Cash (BCH) supporters have been utilizing two specific BCH-powered social media platforms — Blockpress and Memo. The Memo application arrived on the scene first during the second week of April offering BCH users the ability to write 77 character-long phrases using an on-chain method called an OP_Return transaction. Every action on Memo utilizes a transaction and an extremely small fraction of BCH and over the past few weeks; Memo has added a bunch of new features.

BCH-Powered Social Media Apps Launch New Features
The Memo app keeps adding features like topics, archived, personalized, and a new post feed.

At the end of April news.Bitcoin.com reported on Memo adding additional features like replies, emojis, and a counter for typing. The platform was getting a lot of use seeing more than 3,000 transactions in one day when the developers added the ‘reply’ feature. Now the Memo programmers have added a ‘Topics’ section a place where people can discuss specific subjects such as adding a dislike button to Memo, Christianity, BCH price predictions, flat earth conspiracies, and any topic that’s trending on the application.

Memo Images, Video, and Pirate Bay Magnets

Moreover, on May 10, the Memo development team added image and Youtube video support to the platform. This means Memo users can upload a picture or their favorite Youtube video utilizing an on-chain BCH transaction. The very next day a user implemented a live stream video over the BCH chain using Webtorrent, Memo.cash, and Blockpress. Another added a Pirate Bay torrent magnet using Memo as well in hopes the application can be used for an “uncensorable Pirate Bay.”

BCH-Powered Social Media Apps Launch New Features

Blockpress Also Adds Video and Images, and Says More Features to Come After the May 15 BCH Upgrade  

Then on May 2, another on-chain BCH powered social media application was launched called Blockpress. When Blockpress launched, news.Bitcoin.com spoke with the platform’s developer who calls himself ‘Attila’ and is a big believer in the future of BCH. At launch, Blockpress offered a similar Memo-like platform but looked like a Twitter UI and had the ability to add an avatar picture, and profile cover photo. Just like Memo, the Blockpress platform enables the ability to publish 77 characters via the Bitcoin Cash network.

BCH-Powered Social Media Apps Launch New Features
Blockpress provides the ability to add images and videos.

Then three days ago the Blockpress developer added the ability to add images to posts, a notification feed, community topics, and a sidebar of your followed profiles on Blockpress. Just like the Memo application, a bunch of people are testing out the platform’s newest features. Further, Attila says after the May 15 BCH upgrade the Blockpress platform will have the ability to upload much longer content (Tumblr style — via IPFS and also a 220-byte OP_Return update on May 15).

BCH-Powered Social Media Apps Launch New Features
Blockpress feed and the developer has added a community section as well.

So far on both platforms, there’s a lot of users sharing their thoughts and content with Memo taking the lead on users since it was launched two weeks before Blockpress. Both BCH-based applications seem to be following a competitive path towards adding new features like images and videos. It will be interesting to see what kind of capabilities Memo and Blockpress get after the upgrade next week.

What do you think about the new features on Memo and Blockpress? Have you tested any of these platforms yet? Let us know in the comments below.


Images via Shutterstock, Blockpress, and Memo. 


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Unicef Australia Launches Crypto Mining Donation Platform

Unicef Australia Launches Crypto Mining Donation Platform

Unicef Australia has launched a platform through which third-party donations are made in the form of in-browser computing power which is used for cryptocurrency mining. The website, The Hopepage, allows donors to designate a set percentage of computing power to divert to mining Monero on behalf of Unicef.

Also Read: Peter Thiel’s Founders Fund Thinks Institutional Investors Want In On Bitcoin

Unicef Australia Encourages Donations of Computing Power Through In-Browser Monero Mining

Unicef Australia Launches Crypto Mining Donation Platform Unicef Australia has launched The Hopepage, a website that the company states will “allow Australians to provide help and hope to vulnerable children by simply opening the page while they are online.”

The website states that users “select how much compute power they are willing to donate to the mining, safe in the knowledge the process will not store any personal information,” adding that “The longer you stay on the page and the more processor power you donate, the more algorithms get solved, which earns cryptocurrency.”

Unicef Australia director of fundraising and communications, Jennifer Tierney, stated “We wanted to leverage new emerging technologies to raise awareness about current humanitarian crises and raise funds to support children caught up in them. The Hopepage allows Australians to provide help and hope to vulnerable children by simply opening the page while they are online.”

Unicef Adopts Opt-In Coinhive Script

Unicef Australia Launches Crypto Mining Donation Platform The platform utilizes AuthedMine – an opt-in version of Coinhive’s API which was released by the company in order to fend off criticism of its product and to justify seeking lenient treatment from adblockers and antivirus products.

Unicef has advised that donors “may need to disable [their] ad blocker” in order to use The Hopepage. Unicef Australia digital engagement and content manager, Tony Tang, told local media that “Some ad blockers do disable the script, however, we ask that people that seek to donate disable this for our website. This is not dissimilar to media and news outlets requesting you to disable ad blockers to view their content. While it has potential to limit some users, we are still capturing new audiences we wouldn’t otherwise be able to reach.”

Unicef initially did not disclose that it was using Authedmine for The Hopepage, with Mr. Tang stating that the organization chose not to do such “in the same way we wouldn’t disclose server setups or configurations.”

Mr. Tang defended the transparency of the platform, stating “We are transparent in the fact we are borrowing a computer’s processing power, and provide the ability to choose how much power is donated. The donation is a one-time session, and needs to be approved by the user each time they visit the site. The Hopepage is entirely user-initiated, and they have the ultimate power to decide whether to participate or not.”

Unicef Experiments With Cryptocurrency Mining Donations

Unicef Australia Launches Crypto Mining Donation Platform In February, Unicef launched the Gamechangers program – through which the organization sought to recruit gamers to allocate processing power to mine Ethereum on behalf of Unicef.

According to Unicef Australia, funds raised through The Hopepage are currently being allocated to support organization’s efforts in responding to the crisis in Rohingya.

At the time of writing, 2,303 people were actively donating processing power through the platform.

Do you think that other charitable organization will seek to emulate The Hopepage and develop their own platforms through which donors can offer computing power for crypto mining? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


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PR: Mobile Platform Coinseed ICO Streamlines Cypto Investing

Mobile Platform Coinseed ICO Streamlines Cypto Investing

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.

We all heard about bitcoin and the intriguing (more like confusing?) technology behind it. That is great but how do you actually benefit from this new invention without becoming an expert in it?

A lot of people have been turned off by the layers of complexity required to understand the many hard to understand concepts and steps to buying, selling and storing cryptocurrency. Then there’s the memorizing all the passwords and security devices for exchanges, and the many keys and wallets required to ensure that your cryptocurrency is safe. You’re probably thinking to yourself that there must be a solution out there that simplifies this.

Well, there is! One such company is Coinseed. By using their mobile app, you don’t have to deal with all the technical aspects of investing in crypto. All you need is to open an account with them and select the cryptocurrencies that you want to invest in. Their app balances high security standards, with ease of use – allowing users to invest in crypto with a click-of-a-button. In this era of technology, do we even expect any less? The app is actually a micro-investment platform similar to Acorns and Stash, allowing users to either automatically collect their spare change to invest or make recurring or one-time investment. The real value of the platform is actually allowing users to invest in cryptocurrency portfolios. In other words, you can invest just $5 in a portfolio of 10 different cryptocurrencies like Bitcoin, Ethereum, etc. There is more! You can see what other users of the platform are investing in and copy their investment portfolio to be your own. Talk about growing together.

As promised in the title of this article, Coinseed deals with all the technical headaches of buying, selling, and storing of your cryptocurrencies (it’s all held within the platform) so that you can just keep tapping on your phone. This one feature alone extends Coinseed’s potential global market significantly – a market that is now downloading the app in large numbers. If that was not enough, Coinseed is offering $5 referral bonus!

Coinseed recently began a round of capital raising through an ICO, after rolling out their finished app globally. “We’ve rolled out a constant stream of fresh features within the app and have also added a well rounded group of highly experienced advisors and team members. We are already profit positive and have over 10,000 users.” said co-founder Sukhbat Lkhagvadorj. Coinseed’s pre-ICO fundraising round came in at $200,000, and they are raising a further $10 million during their crowdsale that began on March 20th.

Contact address: ico.coinseed.co

Supporting Link
www.ico.coinseed.co

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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Bitcoin Cash Tip Bots Are Making Rounds Across Social Media

Bitcoin Cash Tip Bots Are Making Rounds Across Social Media

At the moment, there are a few bitcoin cash (BCH) based tipping bots allowing the transfer of micropayments between Reddit users, Twitter feeds, and Telegram conversations. Over the past few months, the BCH community has been utilizing two micro-tipping bots that can transfer BCH on all three of these platforms.

Also Read: ADS Securities Adds Bitcoin Cash, Litecoin, and Ripple CFDs

Tippr the Bot That is Spreading Bitcoin Cash Across Reddit and Twitter

Bitcoin Cash Tip Bots Are Making Rounds Across Social MediaThe bitcoin cash community likes to spread adoption, and these days they have been using tools that help spread the use of BCH across the internet and even over SMS (Short Message Service) as the currency can be sent as a text message. A few months ago there was an application called Cash Tipper that allowed Reddit users to tip each other BCH but the platform has since gone offline. Following that tipping platform, a new bot called Tippr that BCH proponents can use on both Reddit and Twitter platforms.

The tipping bot Tippr has distributed thousands in BCH since its creation on both platforms. According to Tippr statistics, the bot currently has 11,810 users who have sent 25,576 tips just on Reddit worth $85,261 (59.9 BCH). Users like ‘Asicshack’ are very generous as the Reddit user has given away $7,582 in BCH to fellow users. The top eight largest tippers have spent well over $2K per individual. On the receiving end, some users in the bitcoin cash community have reaped the benefits of Tippr’s services. For instance, the lead developer of Bitcoin ABC, Amaury Séchet (Deadalnix) has received over $2,300 worth of BCH.    Bitcoin Cash Tip Bots Are Making Rounds Across Social Media

Tip People on Telegram With TipmeBCH

Another platform, Telegram, is one of the most popular instant messaging applications worldwide, and just recently the platform announced the accumulation of 200 million active monthly users. A large portion of users on Telegram are cryptocurrency proponents and there’s a wide array of different digital currency channels and groups. Further, there are many tools on Telegram that crypto-enthusiasts use on the platform to get news bots and automated Twitter and Reddit feeds. One unique tool on Telegram is the app ‘Tip me BCH’ an in-line bot that enables Telegram users the ability to tip each other bitcoin cash.

Bitcoin Cash Tip Bots Are Making Rounds Across Social Media

The developer Andreas Brekken created ‘Tip me BCH’ so users can tip friends and random Telegram users pennies or even dollars worth of BCH. The bot works very well on the instant messaging application and the bot offers a list of commands like “deposit,” “tipbch,” “balance,” and more. Brekken details that users should only keep a small amount of funds on the bot as there could be a loss of BCH if there happened to be a bug. The ‘Tip me BCH’ codebase is available on Github for review. Brekken states on the repo that the software is “highly experimental and may lead to loss of funds.”

Bitcoin Cash Tip Bots Are Making Rounds Across Social Media

So far both ‘Tip me BCH’ and Tippr has been welcomed by the BCH community and the applications are getting their fair share of users. Bitcoin cash proponents believe platforms like these will definitely spread adoption by showing how cheap and easy it is to send BCH.

What do you think about Tipme BCH and Tippr? Let us know what you think about these apps in the comments below.


Images via Tippr, Shutterstock, and TipmeBCH


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Japanese Firm Mikan to Launch Bitcoin Cash Wallet ‘Yenom’

Japanese Firm Mikan Plans to Launch 'Yenom' a Bitcoin Cash Wallet

According to local reports the Japanese firm Mikan Co. Ltd., creator of the Mikan (英単語アプリ) English language app has announced the beta-launch of a bitcoin cash (BCH) only mobile wallet for iOS and Android.

Also read: Mini-POS Launches Zero Confirmation Bitcoin Cash Point-of-Sale Terminal

Bitcoin Needs to be a Part of Life

Japanese Firm Mikan Plans to Launch 'Yenom' a Bitcoin Cash Wallet The Tokyo based firm, Mikan, has announced the beta-launch of a bitcoin cash wallet called Yenom which will be released in late March. The Japanese company established in 2014 is well known for its app that teaches English words. The English word application, ‘Mikan,’ has exceeded 2 million downloads since its first release. The Yenom BCH wallet has officially started its pre-registration, and the company plans to invite users to test the beta platform.

Mikan’s press release explains that the company believes bitcoin should “become a part of people’s lives.” The platform’s developers hope the application is “easy to understand and easy to use compared to existing applications.” Mikan’s wallet announcement details the platform’s ultimate goal is “making it possible to use bitcoins easily.”

Japanese Firm Mikan Plans to Launch 'Yenom' a Bitcoin Cash Wallet

Turning Over the Existing Money Structure

The company says Yenom was designed and dedicated to function with bitcoin cash. Mikan also explains the wallets name and why it was chosen. The name “Yenom” reads “money” upside down. Mikan explains the underlying philosophy behind this name stating:       

[Yenom] shows the intention of “turning over the existing money structure” through this service.

Mikan details that while the virtual currency industry is exciting, it’s strongly said that most cryptocurrencies are traded for the purpose of speculation. But the company believes the great potential for bitcoin is within its “currency” use case, and Mikan thinks this will be realized when cryptocurrencies become a commonplace like traditional currencies. Bitcoin needs to be a part of life, says Mikan, “like water, electricity, and the internet.”

What do you think about the Japanese company Mikan’s bitcoin cash wallet? Let us know in the comments below.


Images via Shutterstock, Mikan, and Yenom. 


At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.  

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Survey Says 60% of Square Merchants Are Willing to Accept Bitcoin

Survey Says 60% of Square Merchants Are Willing to Accept Bitcoin

According to a recent study of 100 U.S. based merchants that use Square Inc.’s payment technology  a good majority surveyed are open to taking bitcoin as a form of payment. Nomura Instinet surveyed merchants who made at least $100,000 in annual revenue and 60 percent said they would accept bitcoin instead of USD.

Also read: Bitcoin Futures Launch in the UK

Amid Bitcoin Volatility, 60% of Square Merchants Still Willing to Accept the Cryptocurrency

During the first month of 2018, the cryptocurrency proponent and Square CEO Jack Dorsey announced the integration of bitcoin with it’s ‘Cash App.’ Dorsey who is also the CEO of Twitter has been a bitcoin fan for quite some time and is very vocal about his cryptocurrency enthusiasm. Since Square launched the Cash App integration with bitcoin, a research survey was conducted by Nomura Instinet which showed that more than half of Square merchants who participated would take BTC rather than dollars.

“This result is surprising, especially amid bitcoin’s elevated volatility,” Nomura Instinet analyst Dan Dolev explained this week.

Survey Says 60% of Square Merchants Are Willing to Accept Bitcoin

Since Adding Cryptocurrency Features, Square’s Public Shares Rise by 49%

The research called “SQ Survey: Merchants Say YES! To Bitcoin” reveals that the highest represented age group in those surveyed and willing to accept the digital currency was 31-40. About 40 percent fall under that category, explains the researcher Dolev’s note to clients.

“Like Amazon in its early days, we believe that little of Square’s future revenue streams are currently visible,” the analyst Dolev details.

Survey Says 60% of Square Merchants Are Willing to Accept Bitcoin

The researcher also reveals that more than 7 million merchants are using the Square Cash App. Roughly 95 percent of the participants called the application “excellent” or “good” while the remainder said the app was “average.”

“Undoubtedly, the success of the Cash App is a significant achievement,” Dolev writes to clients.

Currently, an individual can set up the app in minutes and send peer-to-peer payments, store money, receive their paycheck and buy and sell bitcoin.

Since Square started the bitcoin initiative, the company’s public shares have been selling like hot cakes. Square’s digital currency initiative that started in February of this year has pushed Square’s stock up over 49 percent.

What do you think about the study with Square merchants and their willingness to accept bitcoin payments? Let us know in the comments below.


Images via Pixabay, Bloomberg, and Youtube. 


At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.   

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Belgium Warns of 19 Cryptocurrency Trading Platforms Showing Signs of Fraud

Belgium Warns of 19 Cryptocurrency Trading Platforms Showing Signs of Fraud

The Belgian financial authority has published a list of 19 cryptocurrency trading platforms that it had received complaints about. The regulator says these platforms show signs of fraud.

Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

19 ‘Fraudulent’ Crypto Trading Platforms

Belgium Warns of 19 Cryptocurrency Trading Platforms Showing Signs of FraudBelgium’s Financial Services and Markets Authority (FSMA) has recently warned about fraudulent cryptocurrency trading platforms. The agency also published a list of 19 crypto platforms it “has received questions or complaints from consumers about and has established indications of fraud,” the agency wrote.

They are 01crypto, Btc-cap, Capital-coins, Coinquick, Cryptavenir, Crypto-banque, Crypto-infos, Cryptos.solutions, Cryptos-currency, Ether-invest, Eurocryptopro, Finance-mag, Gme-crypto, Gmtcrypto, Good-crypto, Mycrypto24, Nettocrypto, Patrimoinecrypto, and Ydconsultant.

The agency emphasized that this list does not include all questionable crypto trading platforms – only ones which consumers have filed reports about.

Consumer Complaints

Belgium Warns of 19 Cryptocurrency Trading Platforms Showing Signs of FraudFSMA noted that several new platforms have emerged online, using the same methods to lure investors. “They claim to offer the best (or one of the best) trading platform(s) on which, both beginners and professionals” can trust and trade on instantly, the financial watchdog detailed.

Complaints that FSMA received include customers unable to reclaim their invested money and customers unable to contact the company once they have invested. “I invested via a platform that claimed to have a license,” FSMA quoted one consumer. “When I asked for the refund of my money, I was promised that my money would be refunded on a certain date. However, I have never received anything and now I do not even get access to the platform.”

FSMA’s Warning and Advice

Belgium Warns of 19 Cryptocurrency Trading Platforms Showing Signs of FraudIn its warning, FSMA urged investors to be cautious and “remain vigilant for all indications of investment fraud.” The agency recommends for investors to “Always verify the identity of the company (identity details, country of residence, etc.),” as well as to “Never trust a company if it cannot be clearly identified.”

Investors should be wary of companies that claim to have a permit or license by a supervisory authority, FSMA described, adding that currently “no supervision is exercised on online platforms that are active in the cryptocurrency sector.” Furthermore, most of these companies were founded less than a year ago, the agency noted.

Investors should also “demand clear and understandable information” from the companies and “remain critical of that information,” FSMA elaborated:

Many platforms for crypto trade promise a guaranteed return or full capital protection. However, those promises are one big illusion in the crypto-coin sector! If an offer is fraudulent, the promised guarantee is undoubtedly [too].

In conclusion, the agency emphasized that investors should “be wary of (promises of) excessive profits. If a return seems too good to be true, it usually is.”

What do you think of FSMA warning about “fraudulent” crypto platforms? Let us know in the comments section below.


Images courtesy of Shutterstock and FSMA.


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Venezuela Picks FX Platform to Auction Petro ‘Oil-Backed Cryptocurrency’

Venezuela Picks FX Platform to Auction Petro 'Oil-Backed Cryptocurrency'

Venezuela has chosen a platform on which to auction its “oil-backed cryptocurrency”, the petro. While the country’s National Assembly has repeatedly declared this new currency illegal, the Venezuelan government will proceed with the auction of the petro on the country’s official foreign exchange platform.

Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

Auction Platform Selected

The vice president of Venezuela, Tareck El Aissami, announced on Tuesday during the National Council for Productive Economy’s meeting held at the White Palace in Caracas that:

Venezuelan cryptocurrency ‘el petro’ will be auctioned through the Complementary Floating Market Exchange Rate System (Dicom) for the development of the Bolivarian Economic Agenda (AEB).

Venezuela Picks FX Platform to Auction Petro 'Oil-Backed Cryptocurrency'Global law firm Norton Rose Fulbright explained that Venezuela’s Dicom system “allows the sale and purchase of foreign currency (typically, United States dollars) in exchange for local currency.” This process is done through foreign currency auctions “administered, regulated, and directed” by the Committee of Foreign Currency Auctions, which the firm described as an “internal instrumentality of the Central Bank of Venezuela (BCV).”

Venezuela Picks FX Platform to Auction Petro 'Oil-Backed Cryptocurrency'
Venezuela’s vice president, Tareck El Aissami, speaking on Tuesday.

Aissami also reaffirmed that the sale phase of the new currency will conclude on March 20 when buyers will receive “a special discount”.

Petro Auction and Legality

Venezuela Picks FX Platform to Auction Petro 'Oil-Backed Cryptocurrency'In his speech on Tuesday, Aissami explained that the auction of the petro “will facilitate the national productive sector” so they “can buy and sell raw materials, capital goods, pay for services,” as well as participate in technological development through the cryptocurrency.

The vice president added that the petro is going to be Venezuela’s “international powerful currency above the dollar”. He detailed:

You can buy petro with a discount and that discount can be registered as part of your assets…if you have dollars, euros or any exchangeable currency, we exchange it for petro and that petro is recognized as part of your assets and so you can raise your capital.

Meanwhile, the National Assembly has reiterated that the petro is still illegal. Deputy Francisco Sucre pointed out that “Oil fields are national goods and cannot be given as collateral.” He insists on declaring the public offer of the petro null and fraudulent.

Meanwhile, deputy Alexis Paparoni stated that the petro is not a cryptocurrency, asserting that “It is a strategy to generate treasury resources to keep stealing money from Venezuelans.” The opposition-led parliament already declared the issuance of the new currency null and void earlier this year, as news.Bitcoin.com previously reported.

What do you think of the petro being auctioned using the Dicom system? Let us know in the comments section below.


Images courtesy of Shutterstock and the Venezuelan government.


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PR: World’s 1st Ethereum Funding Token Meets Forbes “Ripple Effect” Criteria for Tripled Profits

World’s 1st Ethereum Funding Token

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.

New York, NY

Forbes recommends looking for cryptocurrency trading for less than a dollar. They believe that’s important because “smaller numbers can more easily double and triple than larger numbers can.” Ripple is a perfect example. A $1,000 investment in January 2017 would have ballooned to over $609,523 in just 12 months. Another cryptocurrency that has this “Ripple effect” is the Ethereum Funding Token, or EFT for short. As an endowment, this EFT is the World’s 1st collectible solo crowdfunding Ethereum token. The EFT is provided in exchange for donating to someone in need. This ICO represents goodwill support for contributors to exchange EFTs on various exchanges. Bonus tokens will be provided until June 30th.

The campaign serves the same purpose as receiving contributions via personal crowdfunding websites. However, they normally don’t accept cryptocurrencies, nor do they give tokens in exchange for contributions. Conveniently, the EFT does both. Although participants can hold or trade EFTs for profit, the token guarantees something more valuable than money…pride of ownership. According to the token’s creator, “The Ethereum Funding Token is a badge of honor that says, ‘Hey world, I care about the less fortunate. I gave to a stranger in need’.”

EFTs are ERC-20 compliant and can be bought, sold, traded, and exchanged the same as other Ethereum coins. There is a limited number of tokens, which is part of its appeal. The strategy creates a higher demand greater than that which is supplied, to help raise EFT’s initial price. The creator’s vision is for Ethereum Funding Tokens to become a collectible as the world’s first solo crowdfunding token given for personal hardships. The minimum contribution is .10 ETH in exchange for 1,000 EFTs. This makes the ICO one of the most affordable Ethereum contributions on the planet. Early supporters receive a generous 100% bonus during February’s pre-launch.

The EFT campaign is 100% transparent in that there is no product, no service, no team, no investors, no whitelist, and no SEC regulatory compliance issue. What the ambitious project does have is someone in need seeking aid via the Ethereum blockchain. Just as personal crowdfunding websites became the preferred method for contributing a decade ago, this new platform may become just as popular. Undoubtedly, it is a rewarding feeling to help a stranger in need. Doing so with an Ethereum token has now made it profitable as well.

The Ethereum Funding Token campaign is the World’s first solo crowdfunding project offering Ethereum tokens in exchange for contributing to a stranger in need. To join the EFT project and receive 100% bonus tokens for supporting someone in need, visit EthereumFunding.io.

###

Media Contact:
Chris Wilson
Phone: (888) 251-9303
Email: contact@ethereumfunding.io
31 Penn Plaza
New York, NY 10001

Contact Email Address
contact@ethereumfunding.io
Supporting Link
http://ethereumfunding.io/

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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This 16-Year Old Crypto-App Developer Fights Back Against Reddit Hate

This 16-Year Old Crypto-App Developer Fights Back Against Reddit Hate

Last month a 16-year old girl from India created a digital currency price ticker that tracks the price of cryptocurrencies like bitcoin cash, ethereum, and many others. However, when Harshita Arora introduced the iOS application to members of the bitcoin community who patronize the Reddit forum /r/bitcoin, she was accused of plagiarizing the app. Unfortunately, even though the accusations were false, Arora was further discriminated for being a woman, while commenters also speculated that an individual at her age couldn’t possibly create an iOS platform.

Also read: The 65 Percent Price Dip Has Made ‘Bitcoin Whales’ A lot More BTC

This week news.Bitcoin.com spoke with, Harshita Arora, a 16-year old girl who developed the Crypto Price Tracker application for iPhones. Arora explains she lives in a small town just outside of New Delhi in India and she’s a big fan of technology. Arora has been studying computer science, and was accepted to the Massachusetts Institute of Technology (MIT) for a summer internship. Arora decided to make a cryptocurrency price tracking app for iOS and announced the launch of the project on January 28.

This 16-Year Old Crypto-App Developer Fights Back Against Reddit Hate

However, when she announced the app herself on the forum /r/bitcoin, she was greeted by a mob of people who didn’t believe she created the app. One critic wrote a blog post detailing that the app was plagiarized although the story was later revealed as false. Most of the criticism came from the fact Arora hired help to do some of the backend coding on the Crypto Price Tracker. But following the accusations /r/bitcoin patrons started harassing Arora for being young and a wrote hateful and sexist comments to her. News.Bitcoin.com chatted with Arora to hear how she got into coding and cryptocurrencies but more importantly how she dealt with the issues she faced launching the platform.

Harshita Apps: How This Young Woman Overcame False Accusations and Attacks from Redditors

News.Bitcoin.com (BC): Can you tell our readers how you got into coding applications?

This 16-Year Old Crypto-App Developer Fights Back Against Reddit Hate Harshita Arora (HA): I got into technology at first because of my CS teacher at school. He’d assign really interesting projects to play with design software, Google Scratch, and the MIT App Inventor so we could learn programming concepts and start building fun programs and software. He planted the seed that eventually made me more interested. I then invested my time in programming and building things. I learned iOS app development in Swift around 2017 after I came back from MIT summer program. After working on an iOS app, at the university with a team, and learning from my friends.

BC: What got you into bitcoin and cryptocurrencies?

HA: The first time I heard about cryptocurrencies was in 2016, in a tech magazine I used to read every month (Digit). I learned about Bitcoin mining and understood some basic underlying technology and cryptography.

And then in 2017, cryptos and bitcoin was all over my Facebook feed and Quora. So I started getting more curious and read up more online.

BC: What made you decide to develop the Crypto Price Tracker?

HA: I’ve written a bit here in this article. In short, it was because of frustration from using horribly-designed apps that made it extremely hard for me to keep up to date with prices. And being a designer and maker at heart, I couldn’t stop myself from designing a new app with a better UI and UX.

This 16-Year Old Crypto-App Developer Fights Back Against Reddit Hate

BC: When you introduced the application to the Reddit (bitcoin) community there were a lot of negative people saying mean things. Why do you think that happened?

HA: Well, when I first introduced the app on the launch day (28th Jan), it got a lot of positive reaction. This was the thread. I got a lot of positive feedback on the app and how I could improve it further. I saw a lot of my traffic (in iTunes Connect App Analytics) came from Reddit. And I read four 5 star reviews mentioning that they came from Reddit. One of them even said, “I came here from Reddit, and I was not disappointed.”

But a woman decrypted my app on a jailbroken iPhone and wrote an angry blog post accusing me of plagiarizing the app based on inconclusive evidence. She posted it on Reddit, and that’s where it went viral and invited a lot of abuse and hatred.

BC: Do you think your age had anything to do with the criticism?

HA: Likely, but I’m not sure. I’ve been thinking about it based on the patterns in the comments. There were quite a lot of sexist, racist, and ageist remarks by some abusers. Not sure if any of that was the sole reason people criticised me and my app. But it could be a strong reason because *some* people have a hard time believing that there are teen entrepreneurs and developers out there.

This 16-Year Old Crypto-App Developer Fights Back Against Reddit Hate

BC: Do you think this type of behavior may be only particular to the Reddit bitcoin crowd? — as in — Do you have confidence the bitcoin community overall is far friendlier?

HA: After the article on The Daily Beast was published, I got an overwhelming amount of positive emails and messages from supporters in the bitcoin and crypto community.

People emphasized to me and understood what I had to go through. It might be just r/bitcoin that was nasty to me – but again, I’m not too sure.

BC: Are you a bitcoin holder or own any other cryptocurrencies?

HA: No, I don’t invest in bitcoin or other cryptos. I’m much more interested in the technology more so than the economics. I think people have been treating cryptos wrongly as an asset to invest in and to make quick money with.

BC: Where you live do any of your peers or classmates know much about bitcoin and cryptocurrencies? Maybe classmates or friends?     

HA: I live in a small town in North India. All of my friends use the Internet regularly. My closest friends know about bitcoin and are actually building applications for bitcoin and cryptos. I tend to spend most of my friend time with other nerds. As for classmates, I do not go to school. I left formal schooling in 2016.

What do you think about the Crypto Price Tracker app? What do you think about the issues Harshita Arora dealt with? Let us know your thoughts in the comments below. 


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