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It’s an exciting moment for all of us to see how blockchain will change the way we live our lives. Whether it’s keeping your money in a digital safe instead of within a traditional bank account or making the world a greener place, the changes are coming, and they are huge. Companies will be held accountable With the transparency that blockchain brings comes accountability. This means that, as consumers of any product, we’ll now be able to regulate whether the products we’re buying have been ethically made, whether there were any human rights violations along the way, or if any trade laws are being broken.
blockchain can also eliminate many problems that occur with charities, such as fund leaks and corruption. For this reason, the World Food Programme(WFP) is using blockchain to securely distribute cash assistance to the hungry, and the UK-based aid agency Start Network has now started to test the use of blockchains before putting them into practice. Blockchains are going to make the world greener too both on the local and global scale. blockchain is the way of the future, it’s not only going to simplify our lives when it comes to banking and connecting our devices and money to the cloud it’s going to make the world better, and totally reinvent it as we know it.
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Japan remains a friendly environment for cryptocurrencies, but growing AML concerns are drawing the FSA’s attention to further regulatory steps. Following talks between exchanges and the FSA, an agreement to form a self-regulatory body – the Japanese Virtual Currency Exchange Association (JVCEA) – was put in place. The JVCEA will provide advice to as-yet unlicensed exchanges and promote regulatory compliance. Cryptocurrency exchange regulations in Japan are similarly progressive. Exchanges are legal in Japan, but after a series of high profile hacks, including the notorious Coincheck heist of $530 million in digital currency, crypto regulations have become an urgent national concern. Japan’s Financial Services Agency (FSA) has stepped up efforts to regulate trading and exchanges: amendments to the Payment Services Act now require cryptocurrency exchanges to be registered with the FSA in order to operate – a process which can take up to six months, and which imposes stricter requirements around both cybersecurity and AML/CFT.
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google not too friendly with bitcoin. now banning of bitcoin minning apps on play store. why the hate on bitcoin.
In its latest move against cryptocurrencies, Google announced its plans to remove all bitcoin and cryptocurrency mining apps from the Play Store. The decision comes just months after banning Chrome extensions that mine cryptocurrency.
Google announced the decision to ban crypto-mining apps on the Play Store’s developer policy page, saying, “We don’t allow apps that mine cryptocurrency on devices. We permit apps that remotely manage the mining of cryptocurrency.”
Although users can no longer mine directly from their devices, Google is still allowing developers to release applications that allow mining to be done elsewhere, like on cloud-based computer platforms.
this is not only google first move against crypto.
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bitcoin online payments is possible as it is now the trend but if it would be more effective then there needs to be work done on bitcoin price stability because the price fluctuation scares away people with business from accepting it as a means of payment if the price of bitcoin goes high its in their favor but if it falls they would be at loss so no business owner would want to experience such even as an individual, nobody would want to receive such as payment because of the fluctuating price. it is not stable and you would prefer the fiat currency to bitcoin. another thing is the rate at which wallet account is hacked. it scares people and firms away so with that fear of being hacked they opt for other means of receiving and paying for commodity and services rendered. however if all these issues are addressed, i believe bitcoin online payment would be a major success.
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TO THE BEST OF MY KNOWLEDGE, BITCOIN HAS SO FAR SURPASSED ITS EXPECTATION IN JUST A SHORT TIME INTERVAL. MAKING BITCOIN POPULAR IS NO BIG DEAL AGAIN AS IT IS WELL KNOWN ALL OVER THE WORLD AS A CRYPTO DIGITAL CURRENCY. BUT HOWEVER, A LITTLE WORK STILL NEED TO BE DONE. THERE SHOULD BE PRIVACY IN TERMS OF TRANSACTION AND ACCOUNTING,BITCOIN SHOULD BE STABLE IN TERMS OF PRICE VALUE, BITCOIN TRANSACTION COST CHARGES SHOULD BE MINIMAL FOR USERS, A SECURED MEANS OF TRANSACTING BUSINESS SHOULD BE EFFECTIVELY PUT IN PLACE AS TO AVOID HACKING, IT SHOULD BE ABLE TO MEET UP WITH NATIONAL ECONOMIC STANDARDS AND POLICY TO FAVOR THE AVERAGE OR THIRD CLASS INDIVIDUALS IN A NATION, IT SHOULD BE ABLE TO MEASURE THE ECONOMIC SYSTEM OF A NATION, THE BITCOIN COMMUNITY AND USERS AS WELL HAVE A WHOLE JOB TO DO. BEING PART OF IT GIVES YOU THE RESPONSIBILITY OF PORTRAYING THE IMAGE AND NAME OF BITCOIN IN A GOOD WAY. AS A BITCOIN USER AND BENEFICIARY YOU NEED PREACH THE GOOD NEWS ABOUT BITCOIN AND LET PEOPLE KNOW HOW IT WORKS. YOU CAN NOT BE A BITCOIN USER AND HAVE BENEFITED FROM IT AND STILL JOIN OTHER PEOPLE TO CASTIGATE IT. LETS JOIN HANDS IN PROMOTING BITCOIN IN A WAY THAT PEOPLE WOULD KNOW IT IS OF GOOD VALUE AND BENEFITS TO BE A PART OF IT.
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no option for facebook campaign?
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Like they say experience is the best teacher. We all have lots and different experiences about bitcoin. My bitter and sweet experience have thought me a lot of lessons on how to invest, where to invest and when to invest. I started crypto far back as 2010 when I was really sourcing for a means to expand my income. I actually invested in an online crypto then with a little sum of 30 dollars though I got little tips there on from it to sustain myself as far back then and the going was good. I accumulated hundreds of coins upto some thousands of dollars in my wallet then waiting for the rise in price of exchange so I can make more money by trading it and making a withdrawal not knowing that I was only giving hackers time to do their work. On a faithful evening I logged in to my account and behold I found nothing in my wallet at first I thought it was a joke not until I logged out and logged in again that was when I knew my account have been hacked. I was very angry though but I couldn't do anything and at that moment my hope was dashed. Ever since then I was very reluctant in investing on any crypto again. But later on after I had seen my brother and friends testifying of bitcoin I witnessed it and was really amazing. But due to the previous experience I was a little bit discouraged but I Had to summon up courage and I invested in bitcoin. I can say this that I have benefitted from bitcoin immensely. I have done things I could from the profits made from bitcoin.
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