Category Archive : All About Crypto

The Daily: Nobel Laureates to Advise Industry, DoD Facility to Become Mining Farm

The Daily: Nobel Laureates to Advise Industry, DoD Facility to Become Mining Farm

In today’s edition of The Daily we cover stories about two Nobel winners to advise the crypto industry, another leading sports team launching a fan token, Malta Stock Exchange and Binance creating a new trading venue, and a Chinese company that will transform a US Defense Department facility into a mining farm.

Also Read: New York Regulator Approves Two New Stablecoins, Gemini Dollar and Paxos Standard

Two Nobel Laureates to Advise Crypto Industry

Cryptic Labs, a commercial research firm, has announced the addition of Dr. Eric S. Maskin and Sir Christopher Pissarides to its Economics Advisory Board, both winners of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Dr. Maskin of Harvard University will focus on game theory and mechanism design, with an emphasis on how blockchain companies can guide user incentives at a company level, while Dr. Pissarides of the London School of Economics will provide expertise on macroeconomic trends.

Pissarides said: “Blockchain is the most exciting development in financial markets in recent years, but we still don’t know enough about it to recommend a wholesale transition of all our transaction records to blockchain. I look forward to working with the team at Cryptic Labs to leverage my expertise in macroeconomics to help companies improve the use of blockchain, make it more secure and more widely accessible, and examine the implications that it has for trade, financial markets and economic performance.”

Maskin commented: “I think that blockchain technology is potentially important for a modern economy. Most discussions of blockchain technology focus on technical issues. I am more interested in the economic value such technology can bring. I believe that my background in economics and mechanism design should be useful for that purpose.”

Paris Saint-Germain Launches Fan Token

The Daily: Nobel Laureates to Advise Industry, DoD Facility to Become Mining FarmParis Saint-Germain Football Club is the latest sports team to create a fan token. The French club signed a multi-year strategic partnership with Socios and will be the first team to join the platform. As “Official Branded Cryptocurrency Partner”, Socios will benefit from a wide range of marketing rights including in-stadium, TV and digital exposure.

As part of the partnership, Socios will develop a “Fan Token Offering (FTO)” for the club. The token will be listed on the platform and will allow fans to engage through mobile voting and polling platforms as well as grant access to exclusive rewards, content and experiences.

Marc Armstrong, Chief Partnerships Officer of Paris Saint Germain said, “Always at the forefront of digital innovation, Paris Saint-Germain is determined to leverage the opportunities that cryptocurrency can provide. This revolutionary technology will have an important impact on the Club’s overall business strategy and the way we engage with our fanbase. We are very pleased to welcome Socios.com to the Paris Saint-Germain family.”

Malta Stock Exchange and Binance to Create a New Token Exchange

The Daily: Nobel Laureates to Advise Industry, DoD Facility to Become Mining FarmMSX, the fintech arm of the Malta Stock Exchange, has signed an agreement with Binance to launch a digital exchange for security tokens. The new trading platform is meant to leverage Binance’s international reach and the regulated stock exchange’s expertise in regulatory compliance and client due diligence.

“We are excited to continue to help build the blockchain ecosystem in Malta, which has become a global hub for blockchain technology through active and transparent crypto regulations,” said Changpeng Zhao, CEO of Binance. “This partnership will allow Binance and MSX to host traditional financial assets on blockchain technology through security tokens. We look forward to bringing more innovations to Malta and further establishing our presence here.”

Joe Portelli, Chairman of the Malta Stock Exchange, stated, “Malta is taking the helm of regulating blockchain technology and cultivating a centre of excellence within the global digital innovation landscape. The Malta Stock Exchange is thrilled to be teaming up with Binance, a market leader in the digital asset sector, and we look forward to seeing this exciting new market opportunity develop and push the boundaries of the Maltese financial sector.”

Chinese Company to Transform US Defense Department Facility into Mining Farm

Wuhan General Group (China), Inc. (OTC PINK: WUHN) has announced that it’s negotiating a redesign of a US Defense Department data center into a mining facility. According to the company, the 55,000 sq. ft facility has over 3MW of power ready to accommodate up to 1,300 mining rigs with an additional 12,000 to be deployed upon its upgrade to a 30MW facility in 2019. The first order of rigs from Asicminer should arrive in late October and more are expected in the coming months. The company estimates this operation can bring monthly revenue in excess of $3.5 million based on current cryptocurrency market prices for the initial 1,300 mining machines in operation.

CEO Ramy Kamaneh said: “We had planned to build this operation three months ago, but with the bearish cryptocurrency market, we took a step back to reassess our strategy. The decision to wait for market stability was a good one, especially considering many cryptocurrency machines are no longer profitable in the current market. We acted in the best interests of the Company and its shareholders and firmly believe that the market has bottomed and a bullish market is starting again.”

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


Images courtesy of Shutterstock.


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

The post The Daily: Nobel Laureates to Advise Industry, DoD Facility to Become Mining Farm appeared first on Bitcoin News.

66% of Cryptocurrency Enthusiasts Don’t Want to Receive Wages in Fiat

66% of Cryptocurrency Enthusiasts Don’t Want to Receive Wages in Fiat

Companies and projects wishing to attract the best and brightest young talent need to offer bitcoin salaries. A recent survey of cryptocurrency enthusiasts found that 66% of the community would prefer to receive their wages with these new assets than fiat.

Also Read: New York Regulator Approves Two New Stablecoins, Gemini Dollar and Paxos Standard

Cryptocurrency Compensation Survey

66% of Cryptocurrency Enthusiasts Don’t Want to Receive Wages in FiatHuman resources startup Chronobank has surveyed 445 cryptocurrency enthusiasts from all over the world including the US, Australia, and Russia to learn more about their work preferences. The Cryptocurrency Compensation Survey revealed that the majority of the community would be willing to receive part or all of their wages in bitcoin or other cryptocurrencies.

66% of those surveyed wanted their employers to embrace the change and answered that they personally would be willing to receive wages in cryptocurrencies. And 83% of respondents said they were more than happy to receive their bonus payments in cryptocurrencies. Additionally, 72% of those surveyed said they would prefer an employer who has a salary payment option in cryptocurrency when choosing their next place of employment.

Young Hodlers, Honest Americans

66% of Cryptocurrency Enthusiasts Don’t Want to Receive Wages in FiatThe majority of respondents believe in the growth of the value of digital assets in the future, and thus only a fifth indicated they would convert some of their cryptocurrency wages into fiat. And 50% think that receiving a salary in cryptocurrency would help them spend less and only 19% would use it to make transactions. For younger people, in the 18-24 bracket, the number of long term holders is even higher at 60%.

With respect to the markets that will switch to payment of salaries in cryptocurrencies, Japan (32%) is perceived as the leader. The US (15%) and South Korea (15%) are next in line, but US respondents believe more in South Korea (25%) than in Japan (only 13%). In Russia, 47% believe that Japan is the dominant leader of the industry. And 57% of respondents are also confident that such initiatives will positively affect the economic growth of countries who adopt them. Interestingly, 65% of those surveyed in the US said they are willing to pay taxes on crypto salaries compared with Russia where only 30% answered the same.

92% of the survey respondents were male, 40% were aged between 25 and 34 and 75% are currently employed.

Do you prefer to get paid in fiat or bitcoin? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


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

The post 66% of Cryptocurrency Enthusiasts Don’t Want to Receive Wages in Fiat appeared first on Bitcoin News.

OKCoin Expands Token-to-Token Platform to 20 States

n nn nn Today, September 12, 2018, OKCoin announced that the company will be offering token-to-token only trading in twenty states across the U.S. This announcement of its expansion in U.S. markets comes shortly after OKCoin/OKEx founder Star Xu was questioned and released by Chinese police in connection with an alleged digital currency fraud. OKEx is the second largest global exchange by volume, according to CoinMarketCap, though that volume has been called into

Cryptocurrency Markets Slump Midweek as Ethereum Hits New 2018 Lows

n Losses across crypto continue this week amid damp sentimentn

The Bitcoin Game #58: Jennifer Zhu Scott

Welcome to episode 58 of‚The Bitcoin Game, I’m Rob Mitchell. In January of this year, I saw lots of talk about the World Economic Forum’s speeches and panels in Davos. Even Donald Trump spoke at this event. But the panel I was most interested in was called The Crypto Asset Bubble, and it featured Nobel Prize Laureate Robert Shiller. I didn’t know any of the other panelists, but the one who stuck out to me the most was Jennifer Zhu Scott. She seemed very pro-Bitcoin and was a very eloquent speaker. I wondered why I’d never heard of her before. I immediately invited Jen to be a guest on my podcast, and we finally connected just a bit ago, thanks to Twitter. We cover many topics including the World Economic Forum, her favorite project, China, and her involvement in the hit HBO series, Silicon Valley.


EPISODE LINKS

‘œThe Crypto-Asset Bubble’ – Davos 2018, World Economic Forum
https://www.youtube.com/watch?v=5MZv9fLLfa4

World Economic Forum
https://www.weforum.org

Radian Partners
http://www.radian.partners

Otoy Octane
https://home.otoy.com/render/octane-render

Viral Fake Robot Video
https://youtu.be/bA21AhgYwHM

Adam Series
https://youtu.be/GXI0l3yqBrA

Render Token
https://rendertoken.com

HBO’s Silicon Valley – “Initial Coin Offering”
https://www.hbo.com/silicon-valley/season-5/7-initial-coin-offering/synopsis

Jen Zhu Scott on Twitter
https://twitter.com/jenzhuscott


STAY IN TOUCH

Thanks so much for taking the time to listen to The Bitcoin Game!

https://Twitter.com/TheBTCGame
http://TheBitcoinGame.com
Rob@TheBitcoinGame.com


SPONSOR

While much of a Bitcoiner’s time is spent in the world of digital assets, sometimes it’s nice to own a physical representation of the virtual things you care about. For just the price of a cup of coffee or two (at Starbucks), you can own the world famous Bitcoin Keychain, the growingly popular Litecoin Keychain, or even your own Bitcoin Fork – Pen.

As Seen On
The GuardianTechCrunchEngadgetArs TechnicaPopular Mechanics
InforwarsMaximInc.ViceRTBitcoin MagazineVentureBeat
PRICoinDeskWashington PostForbesFast Company

Bitcoin Keychains – BKeychain.com
Litecoin Keychains – LKeychain.com
Bitcoin Fork Pens – BitcoinForks.com
All of the above on Amazon – BitcoinNovelties.com


Here are some tipping addresses (Lightning tipping, coming soon!)

Bitcoin (Segwit) tipping address:
3AYvXZseExRn3Dum8z9tFUk9jtQK6KMU4g

Litecoin tipping address:
MCszxWfm4y4Ke39vJZLXwULLRgVmBfJy8z

Bitcoin Cash tipping address:
1EXYkuuQ49uEioTpHY4ZY99edJczbUqQfu

Ethereum tipping address:
0xB8b169192A74746050806671710aeB72F01F6ED1


CREDITS

All music in this episode of The Bitcoin Game was created by Rob Mitchell.

The Bitcoin Game box art was created from an illustration by Rock Barcellos.


Note: We’ve recently migrated our RSS feed (and primary content host) from Soundcloud to Libsyn. So if you notice the Soundcloud numbers have dropped off recently, that’s the reason.

What Bitcoin Did #33 An Interview with Kyle Samani

‘œBitcoin is not going to zero, I don’t even think Bitcoin is going to be irrelevant, I do think in 10 years time there will be at least one asset worth materially more money than Bitcoin.’

‘” Kyle Samani

Interview location: Skype

Interview date: Wed 5th September 2018

Company: Multicoin Capital

Role: Founding Partner

Kyle first appeared on the What Bitcoin Did podcast in March, where we discussed his views on regulation in Crypto, institutional inflows and his doubts about Bitcoin. Since then, Kyle Tweeted about his changing stance with Bitcoin, specifically stating “TLDR: I’m bought in. Kind of.”

Kyle does split opinion; there are maximalists who think he talks nonsense, some who hold him to account for his over bullish thoughts on EOS and others who appreciate his hard work and the thought pieces he puts into the market.

Following Kyle, I have come to understand his approach. As a hedge fund manager, his goal is to create a return on his capital, and he sees blockchain as a disruptive technology which can change the world, thus creating a return for the fund. Kyle, therefore, puts out statements, questions and ideas into the market to spark a debate. He doesn’t mind being wrong, insulted or challenged; everything is done with the goal of finding value and investment ideas.

Whether you agree with Kyle or not, if there is value to be created outside of Bitcoin then Kyle will likely find it, which is why significant other investors are backing him. In this interview we discuss:

-Why his view has changed on Bitcoin

-Miner rewards after the 2024 halving

-Proof of stake v proof of work

-What will be the global digital reserve asset

-Kyle’s article: Aggregation Theory, Thin Protocols, And Recentralization: Augur Edition

This episode is also on:

Listen to more What Bitcoin Did episodes

‘Crypto-Accessibility’ – Panda Exchange Expands Crypto-to-Fiat Trading Markets

'Crypto-Accessibility' - Panda Exchange Expands Crypto-to-Fiat Trading Markets

This week Panda Exchange, a cryptocurrency trading platform, led by the Colombian team Panda Group and CEO Arley Lozano, announced that Panda users now have access to EUR fiat market for residents who live in member countries of the SEPA. Panda Exchange has been expanding quite a bit this year and just recently opened a branch in Portugal, which helped bolster SEPA integration. Moreover, the trading platform also offers a Bitcoin Cash (BCH) pairs market with nine other cryptocurrencies.

Also read: Major Indian Bitcoin Exchange Discusses the Aftermath of RBI Ban

Panda Exchange Launches Crypto-to-Fiat Trading Markets for SEPA Friendly Regions

'Crypto-Accessibility' - Panda Exchange Expands Crypto-to-Fiat Trading MarketsThe cryptocurrency trading platform Panda Exchange is a new market maker that launched in early 2018. Panda was created by the cryptocurrency entrepreneur, Arley Lozano and his Columbian based team called Panda Group. Lozano spoke with news.Bitcoin.com this week and he revealed the exchange has just opened a fiat market for the EU with SEPA, and alongside this Panda has launched a market for Panamá as well. Panda Exchange offers over 70 digital assets and has separate markets for BTC, ETH, and BCH pairs. Bitcoin Cash is paired with nine virtual currencies like LTC, BTG, ETH, and others on the Panda platform.           

“As of today, Panda Exchange offers crypto-to-crypto exchange services for users all over the world, and it has recently opened crypto-to-fiat trading markets thanks to their new branches Panda Exchange Portugal and Panda Exchange Panama,” Panda Group explains to news.Bitcoin.com.  

These two alliances allow users to trade in euros and dollars, respectively, after completing the required verification processes which depend on the country’s local laws. The euro market is available for users with European Union documentation and holders of a SEPA euro bank account, whereas trading in dollars is limited to users with Panamanian identity documents.

'Crypto-Accessibility' - Panda Exchange Expands Crypto-to-Fiat Trading Markets
Panda exchange offers bitcoin cash (BCH) pairs with nine different digital assets.

Panda Group CEO Hopes to Bolster Crypto-Adoption and Expand Digital Asset Accessibility  

Just recently Panda Exchange also added the stablecoin trueusd (TUSD), and has added an assortment of (56) ERC-20 tokens. Panda Group’s Lozano explains to news.Bitcoin.com that Panda Exchange is developing a Canadian branch soon and hopes to launch on October 1. For now, Lozano is pleased to offer more accessibility to SEPA friendly markets and other regions worldwide.

“The inhabitants of the European cryptocurrency market will be able to start exchanging their cryptocurrencies at the Panda Exchange,” Panda Group details.  

Those that are verified in the different levels offered by the Portuguese market may not only enjoy the pairs in bitcoin cash, ethereum, and ERC-20 tokens, but also perform operations in euros in those countries that are part of the SEPA.

Panda’s Arley Lozano says he looks forward to the future of cryptocurrencies and believes the expansion adds more digital asset accessibility worldwide. Besides being one of the few trading platforms that have direct bitcoin cash pairs, Panda Exchange is also a franchise model for those who wish to operate local cryptocurrency markets Lozano notes.

What do you think about Panda exchange expanding its fiat operations and adding markets in Panamá and Portugal? Let us know what you think about this subject in the comment section below.


Images via Pixabay, and Panda Exchange. 


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

The post ‘Crypto-Accessibility’ – Panda Exchange Expands Crypto-to-Fiat Trading Markets appeared first on Bitcoin News.

Bitcoin ATM Maker Develops Payment Solution for Cannabis Dispensaries

Bitcoin ATM Maker Develops Payment Solution for Cannabis Dispensaries

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

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

Virtual Crypto Cannabis Solution

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

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

Reducing Fiat Cash Usage

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

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

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


Images courtesy of Shutterstock.


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

The post Bitcoin ATM Maker Develops Payment Solution for Cannabis Dispensaries appeared first on Bitcoin News.

IBM Introduces ‘World Wire’ Payment System on Stellar Network

n nn nn IBM has launched a blockchain-based payment system called Blockchain World Wire. According to IBM, the new payment network uses digital currency on Stellar’s blockchain to clear and settle cross-border payments in near real time.The Stellar network is a distributed, blockchain-based ledger that facilitates cross-asset transfers of value. Like Ripple, Stellar can handle exchanges between fiat-based currencies and digital assets. Using this protocol, IB

Lightning Is Made at the LightningHackday Series in Berlin

As the birthplace of the Chaos Computer Club, the hometown of the mother of all hackerspaces, and what many of the worlds leading privacy activists consider to be a bit of a safe haven, Berlin may be the the strongest center in the world for hacker culture.Maybe thats what makes the German capital a fertile breeding ground for the ongoing series of Lightning Hackdays stylized as LightningHackday. Introduced earlier this year, the series continues to grow,


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