South Korea is showing a very good positive trend in terms of the development of bitcoin. South Korea has the world’s fastest internet connectivity, which is a very powerful incentive for the development of the use of bitcoin in the country.Bitcoin and cryptocurrency are facilitated by good internet and communication infrastructures. South Korea has one of the world’s best internet infrastructures. A lot of experts think South Korea will be the leading country when it comes to bitcoin and cryptocurrency in general. Coinidol investigates the factors that favor the projected growth in the level of bitcoin activities in South Korea. 

You can read the full article and take part in the discussion here: https://coinidol.com/why-south-korea-will-be-the-leading-bitcoin-country-in-2017/

You need to read this article https://coinidol.com/coinidol-to-hold-public-trial-of-razormind-scammers/ to understand that.

The honorary member of the jury in the public trial of scammers, Ivan Tikhonov, a Blockchain Community board member and the founder of Bits.media, the biggest forum and news outlet about cryptocurrencies and Blockchain in Russia with 100,000 views per day, shares his opinion, on why CEO of Razormind, Jawad Yaqub, had no plans to do any real work.

You can read his opinion and take part in the discussion here: https://coinidol.com/ivan-tikhonov-i-consider-razormind-as-a-scam/

Stephen DeMeulenaere: “No need to create any form of constitution or system of self-regulation for crypto market”

CI: What do you think about the initiative of CoinIdol to give the right to vote about the problems to the crypto community?
SD: I think this initiative of CoinIdol is very risky because there are many other cryptocurrency scams out there that are going unpunished. I devote a section of my trainings on spotting scams, as I've had a few friends and colleagues fall victim to them, and as I live in a lower-income country, I don't like to see poor people having their savings taken away from them by scammers.
It's risky from a legal and reputation standpoint. One person's scam can be seen as legitimate by others. Look at the efforts by some to paint Ripple as a scam, whereas I see it as a cryptocurrency with a very different use case and structure than Bitcoin. So CoinIdol takes the risk in trying to act as a source of due diligence when this is what those people who may be investing in such a currency should be doing by themselves.

You can read his interview here: https://coinidol.com/stephen-demeulenaere-no-need-to-create-any-form-of-constitution/

Ismail Malik, ICO strategist and CEO of Blockchain lab, named an article on CoinTelegraph as the reason for why 6000 BTC were stolen by Jawad Yaqub, who has launched the scams known as Deos and Razormind. Ismail Malik claims that he has also been scammed by Jawad, though he had been a part of the Jawad's team during the crowdsale and knows everything from the inside.

Ismail Malik is a real figure, who has taken part in many conferences worldwide as a speaker, that was proved by many members of the community. You can look at his biography at Angel.co or his profile on LinkedIn.

Ismail has over 20 years experience in Technology related startups and entrepreneurship covering Asset Management, Cryptocurrencies, Mobile Payments in the City of London and Emerging Markets working with leading firms such as Vodafone, Cellnet and News International.

You can read the full article and take part in the discussion here: https://coinidol.com/article-on-cointelegraph-reason-for-scammers-steal-6000-btc/

The New US administration under Donald Trump has raised the Border security at customs points when entering the US. Customs agents are searching mobile phones and other electronic devices using a complex algorithm to establish what Bitcoin or any other security info may be contained on the gadget.

The US Customs officials have hiked their game at border security by enforcing access to travellers’ mobile phones. A phone can be seized and analysed for any threat to national security for an amount of time before being given back to the rightful owner.

You can read the full article here: https://coinidol.com/us-agents-access-mobile-phones-bitcoin-information/

The U.S Securities and Exchange Commission (SEC) have denied the proposal made by the Winklevoss twins, which would have created the first Bitcoin exchange-traded fund.

The SEC has denied the Bitcoin ETF proposal that Tyler and Cameron Winklevoss have been working on for nearly four years (Nasdaq: COIN). An ETF, viz. Exchange traded fund, is a marketable security that tracks an index, commodity, bond, or a basket of assets like an index fund, that trades like a stock.

You can read the full article and take part in the discussion here: https://coinidol.com/nasdaq-coin-denied-from-regulated-marketing-trading/

"This is setting a dangerous precedent. Imagine if everyone who is paid in bitcoins, for whatever product or service, is checking the source of the funds first and then, if he thinks they were earned through illegal activity, he holds the bitcoins and organizes a public trial. Do we really want bitcoin to be used like that? Bitcoin is about freedom (among many other things)! Freedom to get paid in bitcoins without having to check their origin. Freedom to pay in bitcoins without fear that a merchant (or whoever) will freeze your funds and put you on public trial if he (with or without a sound reason) suspects that your bitcoins might be “dirty”. Let’s use bitcoins freely and let the law enforcement do their job and catch the players who play dirty. It’s not on us to do their job! If we look at the bigger picture, it’s not only about choosing between a “scammer” and a charity, it’s about something much more important. It’s about defending the right to use bitcoins freely. It’s about preserving bitcoin’s fungibility. That’s why Mr. Jawad should get his money back (even if he is a scammer) and that’s why we should never have a trial like this again!
That is my opinion as a member of the jury."  - Aleksandar Matanovic, co-Founder of Serbian Bitcoin Association

Full opinion here: https://coinidol.com/aleksandar-matanovic-how-i-ended-up-defending-the-bad-guy/

Mike Lorrey: I know, who is Satoshi, and I replace Nathan Wosnack on the jury of CoinIdol

Coinidol.com presents you a new member of jury in the public trial of scammers - Mike Lorrey, a legendary person in the field of Bitcoin and Blockchain, who is the co-creator of the cryptocurrency, predecessor of Bitcoin. If you still haven’t met him on your way, you have to know about his ideas.

You can read his opinion here: https://coinidol.com/mike-lorrey-i-know-who-is-satoshi/

Nathan Wosnack, president of blockchain company Ubitquity, is removed from the jury.

Nathan Wosnack was one of the first who agreed to take part in this public trial as an honorary member of the jury. He told CoinIdol on the 9th of February 2017:

"Ok. You can count on me. You know me. I fight for honesty and honor in the bitcoin space. I always like how Coinidol is honest and brings community together."

https://coinidol.com/ubitquity-deleted-from-jury-of-deos-trial-after-advice-from-lawyer/

BlockNet Team is launching an inter blockchain exchange on the BlockNet Network. The price has risen more than 400% on the announcement from the team. This is the first inter blockchain exchange to launch that involves no 3rd parties.

First "blockchain router" is on the way and its price is rising

The BlockNet represents a new breakthrough in cryptographic technology, allowing its users to "communicate" directly from one blockchain to another - without a third party involved, middle man or other non-decentralized based resource.

You can read the full article and take part in the discussion here: https://coinidol.com/blocknet-launching-inter-blockchain-exchange/

Dmitry Medvedev, Prime Minister of Russia, who is also an ex-president of the Russian Federation, instructed authorities to adopt Blockchain technology in the Russian economy.

At the meeting with vice premieres on March 6, Dmitry Medvedev officially requested ministries to find opportunities to use the advantages of Blockchain technology in public administration.

You can read the full article and take part in the discussion here: https://coinidol.com/prime-minister-of-russia-to-use-blockchain-in-russian-economy/

Blockchain can be used to fight the corruption. Former Prime Minister of Great Britan David Cameron expressed to Business Insider his interest in the technology, seeing an opportunity to make government processes more clear. The main advantage, he notes, that blockchain is the technology, not the company, and is a former of decentralized database that allows people to edit a shared ledger and will only be edited with the agreement of the majority of parties who use it. As we know,one year ago the UK has used the technology blockchain for benefits.

You can read and watch more news here: https://coinidol.com/koles-coin-news-digest-mar-3/

Bitcoin’s existence largely depends on how many people are using the peer-to-peer cryptocurrency. A bitcoin node can be an individual miner minting Bitcoins from his laptop or a chain of companies with complex mining rigs mining Bitcoin on a commercial scale. All these nodes keep the Bitcoin network running.

A full node is a program that fully validates transactions and blocks. Almost all full nodes also help the network by accepting transactions and blocks from other full nodes, validating those transactions and blocks, and then relaying them to further full nodes.

Bitcoin nodes also have inbuilt bitcoin wallets for management and usage of funds deposited in the wallet.

What is a Bitcoin Full Node?

You can read the full article and take part in the discussion here: https://coinidol.com/true-cost-of-running-full-bitcoin-node/

Danish police adopt innovative technologies. The first case of tracking bitcoin transactions of drug dealers is being reported in Denmark. Through the specialized IT-system, Denmark`s police managed to track and arrest drug dealers. System was developed by the employees of the Denmark’s National Cybercrime Center and based on comparing two different types of bitcoin transactions. 22 year old Dane was suspended in purchasing and smuggling 2 kilos of amphetamine, and subsequently sentenced to 4 years in prison.

You can take a part in the discussion, read and watch more news here: https://coinidol.com/koles-coin-news-digest-feb-25/

Amazon is the world’s largest online store with shipping capabilities of all over the United States. Although Amazon itself still does not allows Bitcoin in their transactions, third party applications like the purse.io Android and IOS apps do.

One could imagine the ease with which Amazon transactions can be easily completed using Bitcoin. With the capabilities of Bitcoin, buyers would be able to pay for goods on Amazon from virtually anywhere in the world. Shipping arrangements can later be made with other third party shipping companies for transporting the products across the world.

You can read the full article ant take part in the discussion here: https://coinidol.com/mobile-app-allows-to-shop-on-amazon-with-bitcoin/

Zcash, a decentralized and open-source cryptocurrency that has complete anonymity on the blockchain, is causing a lot of worries within law enforcement as most agencies think it will harbour illicit transactions.

A US state prosecutor, Kathryn Haun, expressed skepticism regarding claims of the full anonymity of Zcash, emphasizing that if it works as advertised then it would make the prosecutor’s job “a lot more difficult”. Criminals want to be paid, Haun stated in a news interview, therefore agents follow the money, but:
“If we all the sudden omit an entire source of evidence historically available, that will make our job a lot more difficult, definitely.”

You can read the full article here: https://coinidol.com/zcash-may-end-the-money-trail/

Zcash May End The Money Trail

Zcash, a decentralized and open-source cryptocurrency that has complete anonymity on the blockchain, is causing a lot of worries within law enforcement as most agencies think it will harbour illicit transactions.

A US state prosecutor, Kathryn Haun, expressed skepticism regarding claims of the full anonymity of Zcash, emphasizing that if it works as advertised then it would make the prosecutor’s job “a lot more difficult”. Criminals want to be paid, Haun stated in a news interview, therefore agents follow the money, but:

“If we all the sudden omit an entire source of evidence historically available, that will make our job a lot more difficult, definitely.”

You can read the full article and take part in the discussion here: https://coinidol.com/zcash-may-end-the-money-trail/

On February 21, Alexandru Petrescu announces intent to invest in blockchain technology during the Decentralization Conference (D10e) in Bucharest Romania. This marks the world’s fastest growing economy participation in blockchain tech.

Romania’s Minister of Commerce, Alexandru Petrescu delivered the key note speech that opened up the Decentralization Conference (D10e) in Bucharest Romania and he said:

“Make Romania a place to start a business and improve payments. Think of Pilots that points to enter Europe through Romania. Romania as a turn key solution to your business.”

You can read the full article here: https://coinidol.com/romanian-minister-inviting-blockchain-technology/

FinTech adoption in Romania. The D10E conference on decentralization and digital currencies was held in Bucharest, Romania, on February 21-22, 2017. On the meeting’s agenda are the future of FinTech, blockchain discussions and sharing economy. The conference will host such speakers as Alexandru Petrescu, John McCaffe, Naomi Brockwell and many other personalities of financial world. The tickets are available for sale on d10e.biz.

Source: https://coinidol.com/koles-coin-news-digest-feb-22/