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Blockchain Startup Circle Launches Fee-Free Cross Border Payments

Payments startup Circle is offering no-cost international transactions to its users, the company announced today.nSource

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Sea of Red Top 10 Cryptocurrencies See Steep Declines as Market Turns

Hours after traders reported taking steps to prepare for a correction, the global cryptocurrency market began to see declines Thursday.nSource

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The Crypto Show: Terry Brock BrockOnBlockchains & Danny's Cannabis Adventure

On tonight’s episode of “The Crypto Show” we interview internationally renowned speaker, author, and liberty and cryptocurrency advocate Terry Brock.

We discuss Terry’s background and how he became a speaker and liberty lover and how people can more effectively spread the message of liberty by using simple techniques that recognize and accommodate human psychology. Terry gives us his opinion on the future of Bitcoin and the block-size issue as well as his opinion on Dash, Ethereum, and other altcoins. Terry also updates us on his new educational website brockonblockchain.com.

Danny is still in San Francisco due to auto issues, but it has given him the opportunity to attend NCIA Cannabis Business Summit & Expo. Where 200+ companies are represented, and Danny has made many connections to promote Dash and Bitcoin adoption. He should be on the road again tomorrow after he attends the last day of the conference. He will be attending the Red Pill Conference next week.

Sponsored by: Dash, CryptoCompare Bitmain and Defense Distributed

Links

https://www.amazon.com/dp/1119365597/ref=cm_sw_r_sms_c_api_IQPczbQHWJKP8

TheCryptoShow

FreeRoss

Social Media

The Crypto Show on Facebook

@TheCryptoShow

@The_Crypto_Show

@the_crypto_show instagram

The Crypto Show YouTube

Tip with Crypto

BTC: 139R6K7fxTYaFf2aXTid84Le1ayqMVvSCq

Dash: XqDeHnokQocBpvffsa2dWz8mX7oTKpoKzc

LTC: LUTJtk4QqXLiDkK8pDKK3jM73VVwbp7oSr

Doge: DQBJ7PSpFzUTwpBrny46Kug4BW8AGtq1YQ

LTBC: 1CevFxMT6srBtTkWx2qrNaJmjtgxbo7pBA

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Nepal Joins Cadre of Communist Countries Who Seek to Stifle Local Bitcoin Adoption

Nepal Joins Cadre of Communist Countries Who Seek to Stifle Local Bitcoin Adoption

Nepal has emphasized the need to develop a legal framework for monitoring Bitcoin and other ‘informal channeling of funds’ during recent budget and tax announcements, joining a number of communist societies that are seeking to control the use of bitcoin.

Also Read: Tealet is Decentralizing the Tea Industry with Bitcoin

Nepal Hosts One of the World’s Six Communist Governments, Alongside China, Laos, Cuba, Vietnam, and North Korea

Nepal has recently announced its desire to devise a legal framework through which to monitor the informal channeling of funds through bitcoin and electronic currency transfers. The government also expressed its plan to implement an electronic payment system through the banking channel for the settlement of tax liabilities – hinting that it may seek to develop a national cryptocurrency similar to the ‘masterchain’ national cryptocurrency recently developed by Russia, or Singapore’s recent experiments with issuing Singaporean Dollars via distributed ledger.

The announcement that Nepal is seeking to regulate bitcoin comes in spite of the Nepalese bitcoin economy being amongst the least developed in the world, with no private exchanges offering trade between bitcoin and the Nepalese Rupee, and less than 20% of citizens connected to the internet. Although Nepal currently has not legally classified bitcoin, local papers are said to have reported that the Nepalese Central Bank has forbidden all transactions in cryptocurrency.

Nepal hosts one of the world’s six communist governments, joined by China, Laos, Cuba, Vietnam, and North Korea – all of whom exercise strict capital controls within their borders. As such, it is unsurprising that many of these governments have sought to restrict and stifle the development of bitcoin within their borders, with the developed cities of China comprising the sole exception.

Nepal Joins Cadre of Communist Countries Who Seek to Stifle Local Bitcoin Adoption

China’s relationship with bitcoin has been well documented, with the threat of Chinese regulation causing numerous shake-downs in bitcoin’s price in recent years. China recently cracked down on high margin trading ratios permitted on bitcoin exchanges, describing such as having a manipulative effect upon the markets. Although China is moving toward a permissive regulatory framework pertaining to bitcoin trading and exchange operation, recent reports have alleged that Chinese officials are forcefully shutting bitcoin mines in Sichuan – where cheap hydropower has lured investment from mining operators. These reports suggest that China will likely seek to limit the adoption of bitcoin throughout the many underdeveloped, loosely governed provinces outside of China’s center, especially mining, as bitcoin could facilitate the development of a myriad of informal economies outside of Beijing’s central control.  

The Communist Nations of the World Are Unlikely to Pave an Easy Road Toward Bitcoin Adoption

In other communist nations, bitcoin adoption has been hampered by poor internet access. In Laos, less than 20% of citizens have access to the internet. There are no native bitcoin exchanges, and with Laos considered one of the hardest countries in the world to start a business in, it is very unlikely that this will change soon. There are only a handful of local cash vendors on localbitcoins, suggesting that Laos’ few bitcoin merchants are operating underground.

Vietnam was amongst the first countries to introduce stifling regulation with regards to bitcoin, banning businesses from owning or transacting in bitcoin in 2014. Despite the laws, some bitcoin companies have been able to operate as an exchange or remittance business, through facilitating bitcoin trade as opposed to transacting in the virtual currency.

Cuba saw its first officially reported bitcoin transaction between Cuba and the US took place in 2015, which was conducted by Cuban bitcoin advocacy group, BitcoinCuba. Although Cuba has started to see some basic public wi-fi networks, only 30% of Cubans are approximated to have internet access.

Nepal Joins Cadre of Communist Countries Who Seek to Stifle Local Bitcoin Adoption

Outside of the new public hotspots and state-run cyber cafes, most Cubans are forced to pay to $2 USD for 1 hour of internet, despite an average Cuban salary of approximately $20 per month – leaving very few citizens able to afford the luxury of researching cryptocurrency online. With Cuba already struggling to maintain its two-currency system, it is very unlikely that Cuba’s government will encourage the use of bitcoin amongst the minority who are connected to the internet.

With the internet nearly exclusively used as an instrument of the state, North Korea has been able to shield itself from the globalizing effects of cryptocurrency. Recent reports have suggested that the North Korean state has been actively engaged with bitcoin, as North Korea is alleged to have stolen approximately $88,000 USD each month South Korean bitcoin exchanges from 2013 to 2015. The recent Wannacry ransomware attacks have seen speculations of involvement on the part of the shadowy Lazarus group – of whom Kapersky Lab claims to have found evidence suggesting ties with North Korean servers.

With Nepal’s government moving toward bitcoin regulations, it is apparent that the communist nations of the world are unlikely to pave an easy road toward bitcoin adoption. Although bitcoin’s fluidity is astounding, basic problems of poor internet access, inefficient and corrupt bureaucratic structures, and tightly-controlled underdeveloped economic structures may pose a significant barrier to bitcoin’s growth within the developing communist world.

Do you think that bitcoin can flourish in communist societies?  Share your opinion below!


Images courtesy of Shutterstock


Bitcoin is cool, and you know everyone wants in – even the ones who say they don’t. Show the world how cutting-edge you are with a bitcoin T-shirt, hoodie, bag, key-ring, even a Trezor hardware wallet. Shipping all over the world, quality merchandise and, of course, a payment system that makes people say “wow!”.

The post Nepal Joins Cadre of Communist Countries Who Seek to Stifle Local Bitcoin Adoption appeared first on Bitcoin News.

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PR: Blockchain-based TV Production 21 Million Project Hits ETH Funding Target, Reveals Advisory Board

Blockchain-based TV Production 21 Million Project Hits ETH Funding Target, Reveals Advisory Board

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.

15th June, London, UK. Having achieved critical mass by raising almost 1700 ETH in just six hours, 21 Million Project is pleased to profile three members of the Advisory team.

As a recent series of Tweets by Ethereum luminary Vitalik Buterin highlighted, there is often a somewhat disingenuous use of Advisors as Marketing Figureheads in the headlong rush to complete Token Sales. But The 21 Million Project is again breaking new ground by retaining (and paying) genuine talent to both advise on and provide substantial creative input to the end product – not just the ICO.

The 21 Million Advisory Board contains a wealth of experience outside of the crowd sale environment and includes Oscar, Emmy and BAFTA winning contributors. Not least of these is Musician & Producer Martin ‘Youth’ Glover, Arabic / English writer Mohammed Nassar and Producer / Director Gina Nemo, whose experience compliments the award-winning names of Joe D’Morais and Pat Younge on this maverick Indy TV Production Company’s Advisory Board.

Co-Founder & Creative Director David Lofts said “We are delighted that Martin, Mohammed and Gina have joined us. They’re all incredibly creative and talented people who will bring a wealth of experience to the show. With the 21 Million Token Sale now well on its way it is incredibly gratifying to be getting support from entertainment industry insiders & rebels who genuinely want to help us create a new industry model.”

Martin ‘Youth’ Glover is well known for producing soundtracks for School of Rock, The Covenant and Grand Theft Auto and has produced many of the world’s leading artists including U2, Pink Floyd, Paul McCartney, Guns n Roses, Dido, Depeche Mode, Crowded House, The Cult, Primal Scream, The Verve, Embrace, The Orb, Tom Jones and The London Philharmonic Orchestra.

Martin is also a founder of the anarchic gothic rock and post punk band Killing Joke, whose track ‘I Am The Virus’ is to be the 21Million theme tune and is the inspiration behind the entire project. He is a big supporter of the project’s ethos. As well as advising, he will be the show’s Music Supervisor and lead composer.

Gina Nemo – Born in New York and raised in Hollywood, Gina is the daughter legendary Jazz composer Henry Nemo. After appearing in music promo films she received her break as an actress playing the award-winning role of Dorothy in the original 20th Century Fox series of 21 Jump Street, appearing opposite Johnny Depp. She is an accomplished songwriter and poet who now writes, produces and directs from her base in Los Angeles as well as running a highly successful Actors Studio in Ventura County.

Nick Ayton, Lofts’ co-founder in the project, is enthusiastic about the Board of Advisors “Our Advisors cover the full spectrum of talent required to deliver a truly excellent end product, and far from being figureheads for raising funding they are an intrinsic part of the project as we move into the final phases of development.”

Mohammed Nassar is of Egyptian origin and a multi-lingual writer currently working for Smithsonian TV who splits his time between London and New York. Starting out as an advertising copywriter he worked with Lofts in Saudi Arabia, and his detailed knowledge of the Middle East region together with his humanitarian outlook make him a perfect advisor to the project as well as the ideal contributor to plot, character development and story lines.

About The 21Million Project

21 Million is a Royalty Token and the first of its kind to gives Token holders a direct share of the income from a film or TV series – and in direct proportion to their percentage of the total issue held by anyone who contributed to the sale.

The 21 Million Management team will hold just 20% of tokens, which are locked in for eighteen months, meaning that 80% of the income from the end product will be redistributed back to the ETH community, who so far have put more than $600,000 into the project.

Says Lofts; “Hollywood just doesn’t work this way. The Hollywood system is rigged to allow it to keep as much as possible for those at the top – the studio owners, which means that the important people, the investors, the creatives, the cast and crew get stiffed when it comes to paying out percentage points or residuals. – The system absolutely sucks”

21 Million Tokens will be tradeable, and in a completely Libertarian move on the part of the management team, all contributors, from Director to caterers, will be paid double their usual rate – once in fiat and once in 21M Tokens, giving them a vested interest and a guaranteed payout when the show is sold.

Ayton adds; “Because 21 Million conducts business on the public Ethereum Blockchain, it’s forever. The only way it changes is if a member of the crew trades or spends their tokens, because the Royalty is transferrable with the Token. The film & TV business is a tough one to work in, so we’ll be issuing a 21M payment card too, which means that if anyone who works for us does get a longer period than usual between gigs, at least we’ve given them something to fall back on. It’s all part of decentralizing Hollywood”

For more information and details of how to contribute please visit: www.21million.co.uk, or contact: David@21Million.TV

Twitter: @real21Million
Facebook: http://www.facebook.com/real21million

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: Blockchain-based TV Production 21 Million Project Hits ETH Funding Target, Reveals Advisory Board appeared first on Bitcoin News.

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PR: Insurex Announce Crowdsale for Blockchain-Based Marketplace for Insurance Products

Insurex Announce Crowdsale for Blockchain-Based Marketplace for Insurance Products

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.

14 June, London, UK. Insurance blockchain startup InsureX has announced that it will open its crowd sale on 11 July at 14:00 UTC. InsureX is building the first blockchain-based marketplace to be used for the trade and management of insurance products. The project hopes to transform a sector that is currently encumbered by the slow bureaucracy of legacy systems. The token sale will raise funds for the development and launch of the platform. Contributors in ETH will receive IXT tokens that will enable them to access the platform and to pay for transactions and data on the platform.

Currently, insurance is traded and processed in traditional ways, often manually and with layers of intermediaries. As part of the typical insurance deal, a large amount of documents and data have to be exchanged which in a manual system, introduces cost, delays and errors to the process.

‘Blockchain technology presents an exciting opportunity to disrupt the insurance industry. Preliminary estimates are that gross written premiums generated by insurers contribute 3.5 trillion or 5.7 percent of the global GDP – that is a massive opportunity. At InsureX we want to set a new precedent for the way products are bought and sold through a blockchain-based marketplace that will add greater speed and security to the process’ Ingemar Svensson, CEO, InsureX

InsureX will operate as a Software as a Service (SaaS) platform that runs on the Ethereum blockchain. Organisations and individuals joining the platform will benefit from a more streamlined experience, access to a wider range of products and lowered commissions. The platform offers a fully electronic and secure exchange allowing for the safe transfer of confidential documents and data such as medical records and financial information.

The company was founded by Ingemar Svensson, former CTO of Risk and Valuation at SunGard Asset Management. He is joined by MIT alumni and early blockchain pioneer Cristina Dolan and Mikael Olofsson, an insurtech expert and entrepreneur. A team of advisors includes Ross Campbell, Chief Underwriter at General Re and Nick Pester, Head of Insurance and Insurtech at Capital Law LLP. With a strong team strategically located in London, the capital of global insurance, InsureX is well positioned to take its alternative insurance platform to market.

The crowdsale opens on the 11 July at 14:00 UTC. Contributors in ETH will be eligible for IXT tokens with bonuses of up to 36% for early birds. For more information visit: www.insurex.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.

The post PR: Insurex Announce Crowdsale for Blockchain-Based Marketplace for Insurance Products appeared first on Bitcoin News.

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Digital Currency Regulations Coming Soon to Iran

Iran

After years with little to say about bitcoin, the Iranian government is reportedly just a few months away from passing proposed regulations for digital currencies.

Also read: Court Rules Banks Can Legally Deny Service to Bitcoin Businesses in Israel

The Proposal

Digital Currency Regulations Coming Soon to IranIran’s National Center of Cyberspace (NCC) has drafted a proposal for regulating digital currencies, reported The Financial Tribune, the country’s first English-language newspaper on economics. It is set to be passed by the High Council of Cyberspace in the next four months. “The widening use of digital currency, specifically bitcoin, in recent years has prompted officials to implement regulatory measures,” the publication wrote.

Two different commissions have been reviewing different aspects of digital currencies; one on the economic impact, and the other on security issues. “The two commissions will hold a meeting in the next two months to finalize the proposal,” NCC’s deputy for regulation Saeid Mahdavioon said, adding that:

We had come up with five scenarios for regulating digital currencies in Iran … NCC’s Commission for Regulations has favored a scenario that focuses on taking a lawful approach to make the best use of digital currencies.

Government Began Working on Regulations in 2013

Digital Currency Regulations Coming Soon to IranThe Iranian government started working on the regulatory framework for digital currencies in 2013 when the NCC released a report proposing that bitcoin should be regulated soon.

That year, an Iranian shoemaker with a bitcoin-only e-commerce shop called Persian Shoes reached out to the Bitcoin community. CEO Mor Roghani wrote on his website that he could not take other forms of payment to sell his products worldwide. He explained, “the problem is we operate in Iran and most payment systems either are not willing to serve us at all or impose a huge risk on our business.” While bitcoin has been helping him circumvent his payments problem, sanctions placed on the country by the US still make it illegal for US residents to purchase goods from the country.

Bitcoin and the Iranian Central Bank

Digital Currency Regulations Coming Soon to Iran
Central Bank of Iran

Although the NCC is leading the way in regulating digital currencies in Iran, some believe the Central Bank of Iran (CBI) needs to get involved too. “Bitcoin activities include money creation, so the Central Bank of Iran needs to set the ground rules and supervise related activities, otherwise this would disrupt the economic cycle,” said Faramarz Khaleqi, the CEO of Bank Melli Iran’s Sadad Informatics Corps.

The central bank considers digital currencies to be commodities and put the Securities and Exchange Organization in charge, according to Mahdavioon’s interview with Mehr News Agency.

So far, the CBI “has made no official comments about bitcoin,” Nima Amir Shekari, the head of e-banking group at the Monetary and Banking Institute, said in December. The bank has adopted a “wait-and-see” policy toward digital currencies, he added.

What do you think of Iran drafting regulations for digital currencies? Let us know in the comments section below.


Images courtesy of Shutterstock and Wikimedia


Need to calculate your bitcoin holdings? Check our tools section.

The post Digital Currency Regulations Coming Soon to Iran appeared first on Bitcoin News.

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Bitcoin ETN Crosses $100 Million After Unprecedented Demand From Investors, Partners With Xapo

Bitcoin ETN Sees Unprecedented Demand from Investors, Partners with Xapo

The issuer of Europe’s only bitcoin-based exchange-traded notes (ETNs), XBT Provider, on Thursday announced that its assets under management (AUM) have doubled within the last 45 days to $100 million, due to “rapidly escalating” demand from investors. In addition, the Swedish-domiciled company has partnered with leading Bitcoin wallet and custodian Xapo.

Also read: Britain’s Largest Broker Offers Exchange-Traded Bitcoin Investments

Unprecedented Volume and Demand from Investors

Bitcoin ETN Sees Unprecedented Demand from Investors, Partners with XapoBitcoin.com recently reported on Britain’s largest broker, Hargreaves Lansdown, offering XBT Provider’s products on its investment platform. Bitcoin Tracker One and Bitcoin Tracker Eur, the only ETNs in Europe, are now available to Hargreaves Lansdown’s 876,000 clients.

Following this news, XBT Provider on Thursday announced that its total AUM has grown from $50 million on May 1 to $100 million. In the last 6 months, it has nearly tripled. Jean-Marie Mognetti, Head of Trading and Operations, commented:

In the last 60 days, XBT Provider’s exchange traded bitcoin note has experienced unprecedented volume in trading and demand from both retail and institutional investors searching for exposure to bitcoin. This trend has quickly doubled assets under management to over the $100 million threshold.

Interest in bitcoin from institutional investors has recently increased. Bitcoin.com reported last week on how hedge funds are quietly investing in the digital currency. A couple of days later, Goldman Sachs started covering bitcoin due to popular demand from its hedge fund clients.

Both ETNs are designed to mirror the return of bitcoin. One is denominated in Swedish krona (SEK) and the latter in the euro (EUR). They are listed on the NASDAQ/OMX exchange in Stockholm and both are available in 179 countries.

Partnership with Xapo

Bitcoin ETN Sees Unprecedented Demand from Investors, Partners with XapoIn Thursday’s announcement, XBT Provider also revealed a custodial partnership with Xapo. Bitcoins held in cold storage on behalf of investors in the two ETNs will now be secured by Xapo. In January, the Zug-based company received conditional approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate in Switzerland.

XBT Provider’s Head of Investor Relations, Ryan Radloff, said, “the addition of Xapo to our infrastructure is a critical step in ensuring that our products remain the most professional bitcoin investment products available to investors, globally.”

Xapo is also the custodian of Barry Silbert’s Bitcoin Investment Trust (GBTC) which is currently seeking approval from the U.S. Securities and Exchange Commission (SEC) to become a bitcoin ETF.

Do you think institutional investors will continue to invest in bitcoin ETNs? Let us know in the comments section below.


Images courtesy of Shutterstock, XBT Provider, and Xapo


Need to calculate your bitcoin holdings? Check our tools section.

The post Bitcoin ETN Crosses $100 Million After Unprecedented Demand From Investors, Partners With Xapo appeared first on Bitcoin News.

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Could Switzerland Become Home to the First-Ever Crypto Mutual Fund

Crypto Fund AG has announced the creation of a Cryptocurrency Fund which will invest in a variety of digital currencies such as bitcoin, ether and ripple, among others. The fund plans to launch in Q4 2017.This would be Europes first ever diversified cryptocurrency fund. The fund is based on a Cryptocurrency Index which invests in the largest virtual currencies by market capitalization and liquidity. This development would bring a new level of investment transparency to the digital asset class

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Op Ed Here's Why All Rational Miners Will Activate SegWit Through BIP148

A segment of the Bitcoin community is preparing a user activated soft fork UASF, using Bitcoin Improvement Proposal 148BIP148. If they go through with it, there could be two types of Bitcoin on and after August 1st, which this article will refer to as 148BTC for the BIP148 side of the split, and LegacyBTC for the non-BIP148 side.At time of the split, 148BTC nodes will no longer recognise the LegacyBTC chain as valid no matter how much hash power mines on this chain. 148BTC would basically ju

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