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281  Bitcoin / Press / [2018-03-15] Hedge Fund Billionaire Alan Howard Makes ‘Sizable’ Bet on Crypto on: March 15, 2018, 01:39:55 PM
Hedge fund billionaire Alan Howard is betting big on cryptocurrency.

Billionaire Alan Howard Makes ‘Sizable’ Bet on Cryptocurrency

Citing people familiar with the matter, Bloomberg reports that Howard, 54, began personally investing in cryptocurrencies last year and plans to continue to do so moving forward.

Howard, a co-founder of Brevan Howard Asset Management, has already hired at least one employee to assist him with managing his “sizable” cryptocurrency investments, and he intends to hire more as he expands his reach into initial coin offerings (ICOs) and private equity investments in blockchain startups.

The sources added that other Brevan Howard partners have made personal investments in the cryptoasset space as well, though the $9.1 billion hedge fund firm itself has not purchased or traded any cryptocurrencies.

This pivot to cryptoassets and affiliated companies — if only on a personal level — comes as Brevan Howard’s flagship macro hedge fund suffered a 5.4 percent loss in 2017 — its largest annual loss since the fund was opened in 2003.

This poor performance has eroded the firm’s assets under management (AUM), which now sit below $10 billion after once peaking above $40 billion. This phenomenon is not unique to Brevan Howard, though, as macro hedge fundss generally have not fared well during the recent economic climate and investors have been evacuating them en masse.

Billionaires Warm to Cryptocurrency Investments

As CCN has reported, a growing number of the world’s wealthiest individuals have begun to invest in cryptocurrencies.

Venture capitalist Tim Draper become one of the first high-profile individuals to publicly disclose his investments in the space when he purchased a large share of the Silk Road Bitcoins in 2014. Draper — who is now worth an estimated $1 billion — holds a significant percentage of his wealth in cryptoassets and equity in blockchain startups.

More recently, hedge fund legend Mike Novogratz began investing in cryptocurrency, and he is now in the process of establishing a cryptoasset merchant bank that has been described as the “Goldman Sachs of Crypto.”

Peter Thiel, a co-founder of PayPal, also revealed that his venture capital firm — Founders Fund — invested in Bitcoin in 2017 and at one point held several hundred million dollars’ worth of the flagship cryptocurrency.

https://www.ccn.com/billionaire-alan-howard-makes-sizable-bet-on-cryptocurrency/
282  Bitcoin / Press / [2018-03-15] Bitcoin Hurts Govt `Control’ of Dollar, Senator Lets Slip in Speech on: March 15, 2018, 10:22:52 AM
US senator Brad Sherman called cryptocurrencies “harmful” in a government meeting March 14, appearing to accidentally admit they reduce government control of the dollar.

Sherman: Crypto is a `Crock’

Speaking during a hearing of the Subcommittee on Capital Markets, Securities, and Investment (Committee on Financial Services), titled “Examining the Cryptocurrencies and ICO Markets,” Sherman decried the alleged lack of “social benefit” attached to Bitcoin investment.

“Cryptocurrencies are a crock. What social benefits to they provide?” he began his brief speech to the Subcommittee by saying.

Bitcoin and altcoin prices dipped sharply this week as pressure continues to drive a repetitive boom-and-bust cycle, with BTC/USD fluctuating between around $6,000 and $11,500.

Markets were briefly reassured February 6 following what commentators viewed as support from US national regulators on future legislation. Sherman, however, appeared to share none of the SEC and CFTC’s views that a hands-off, enabling approach was best.

“They allow a few dozen men to sit their pajamas and tell their wives they’re going to be millionaires, they help terrorists and criminals move money around the world, they help tax evaders, they help startup companies commit fraud, take the money and one percent of the time they actually create a useful business,” he continued.

Read more: http://bitcoinist.com/bitcoin-hurts-govt-control-dollar/
283  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] [ICO] DEBITUM NETWORK - Borderless SME business funding ecosystem on: March 14, 2018, 01:46:20 PM
The very first day of Debitum listing on KuCoin exchange coincided with another round of cryptocurrency market decline. Current price are close to ICO Round A, one can buy 9000 Deb for 1 ETH. So, if you missed the ICO, it`s a good chance to buy cheap tokens. But the price may continue to drop in the coming days, because of bounty sellers.
284  Local / Альтернативные криптовалюты / Re: [ANN][ICO] MARK.SPACE - 3D/VR экосистема на блокчейн on: March 14, 2018, 01:24:07 PM
Quote
Вопрос по исо. В первый раунд продано примерно 140 000 000 млн. токенов из 500 представленых для продажи. Значит 360 млн пойдет в фонд майнинга. В 2019м году выставят еще 500 млн. Если спрос превзойдет все ожидания, не будут ли например выставлены отправленные для майнинга монеты с первого исо для удовлетворения спроса?

Друзья, приятно что русскоязычная тема Mark.Space живет и развивается. Но по техническим моментам, пожалуйста пишите в телеграмм, разработчики знают русский.

Кстати, в прошлом месяце Алексанра из команды Mark.Space летала из Москвы в Сидней, Австралия на конференцию инвесторов  Emergence 2018. До этого, проект был представлен в США, Европе и части Азии. Так же как и в Корее, Японии и Сингапуре, люди в Сиднее хорошо осведомлены на тему блокчейна и прогрессивных технологий.




285  Bitcoin / Press / [2018-03-14] Thailand's Cabinet Moves to Regulate and Tax Cryptocurrencies on: March 14, 2018, 01:11:10 PM
The Cabinet of Thailand, the executive branch of the country's government, has provisionally passed two royal decree drafts aimed at regulating cryptocurrencies, a report states.

The drafts - covering both cryptocurrency and initial coin offering transactions, as well as a possible tax on crypto capital gains - first received agreement from government ministers on Tuesday.

Before becoming law, the legislation must be further reviewed by the Council of State, an advisory body reporting to Thailand's prime minister on legislative matters, before being re-submitted to the cabinet for final approval. That could occur as early as next week, according to the Bangkok Post.

Additional feedback from various regulators in the country will also be taken into consideration upon approval in principle of the decrees, including the Ministry of Finance, the Bank of Thailand, the Securities and Exchange Commission and the Anti-Money Laundering Office, the report says.

A royal decree is one form of legislation in Thailand, which sets rules on emergent issues that may concern public safety.

The latest legal effort comes amid rising illicit use of cryptocurrencies in money-laundering, crime and tax avoidance, Thailand's deputy prime minister, Wissanu Krea-ngam, was quoted as saying

However, the deputy PM stressed that the intent is not to ban cryptocurrency activities, such as trading and initial coin offerings, but rather to establish formal rules to protect investors.

In addition, the second royal decree also aims to bring taxation on capital gains from cryptocurrency investments. The rate of the tax has yet to be determined, but is likely to range between 10 and 15 percent, according to the Post.

Previously, industry experts, through public consultation, have called for cryptocurrency rules to be implemented by the Securities and Exchange Commission (SEC) in Thailand.

To that effort, Wissanu also said in the report that the Finance Ministry and the SEC are also working on an additional organic law that would require cryptocurrency exchanges, brokers and dealers to register with the relevant authorities.

https://www.coindesk.com/thailands-cabinet-moves-to-regulate-and-tax-cryptocurrencies/
286  Bitcoin / Press / [2018-03-14] Bitcoin Adopters Could Soon Overtake Stock Traders in Indonesia on: March 14, 2018, 12:06:36 PM
Indonesia’s biggest exchange platform for cryptocurrencies including bitcoin could soon outrank the national stock exchange by sheer numbers of participants.

A single cryptocurrency exchange in Indonesia could soon have more registered users than the country’s 106-year old stock exchange. If the value of bitcoin and the wider cryptocurrency market is in a rut, Indonesians have missed the memo.

Speaking to Bloomberg, Indonesia Digital Asset Exchange (INDODAX) chief executive Oscar Darmawan claims the platform is on track to have 1.5 million KYC-registered users by the end of the 2018. With thousands of new users registering every day, the crypto exchange currently sees 1.14 million users after opening its doors in 2014.

In contrast, the Indonesia Stock Exchange, the country’s national stock exchange, has a total of 1.18 million registered participants that trade stocks, futures, exchange-traded funds and options of listed companies worth a combined $520 billion, Bloomberg adds. The current combined market cap of cryptocurrencies stands at $355 billion, down from an all-time high of nearly $830 billion in early January this year.

Bali-based INDODAX, formerly Bitcoin.co.id before a rebrand, offers fiat-to-bitcoin purchases to domestic users alongside crypto-to-crypto trading wherein bitcoin can be swapped for a handful of other supported coins including Ethereum, Ripple, Litecoin, DASH, Stellar and more. The executive further revealed that the exchange is currently facilitating an average of 100 billion rupiah ($7.3 million) in trading volume every day, a figure he hopes to double by the end of the year.

He added:

Quote
“We are seeing almost 3,000 new members signing up everyday. Most people are trading in bitcoins though transactions in ethereum has increased significantly of late.”

The insights are particularly noteworthy in underlining a continuing trend of heightening retail investors’ interest in cryptocurrencies. Indonesia, in particular, harbors a hostile environment toward cryptocurrencies due to authorities repeated crackdowns.

While the central bank, Bank Indonesia, hasn’t banned cryptocurrency exchanges in the country, the institution’s governor has previously threatened legal action against bitcoin adopters using the cryptocurrency for payments. After the central bank has outlawed cryptocurrencies as legal tender, there have been reports of authorities swooping in on establishments accepting the cryptocurrency in Bali.

Still, Indonesians’ appetite for cryptocurrency continues to grow, despite the central bank urging ‘all parties’ in the country to refrain from selling, buying or trading cryptocurrencies in a recent January warning.

https://www.ccn.com/bitcoin-adopters-soon-overtake-stock-traders-indonesia/
287  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][TOKEN]RED (MWAT) - Energy Trading Platform by EU Provider. Presale LIVE. on: March 13, 2018, 03:11:15 PM
Is it possible to spread your franchise onto Ukrainian energy market? A lot of my relative live there, and they have to pay draconian bills for houses heating. This market are in fully control of so-called "oligarchs", i can't see even a hint of decentralization. They determine the price for electricity, and are pulling the strings of politicians in this country.
288  Bitcoin / Press / [2018-03-13] Japan to Call for G20 Action on Crypto Money Laundering on: March 13, 2018, 01:29:05 PM
Japan is reportedly planning to use a G20 meeting next week to call for combined regulatory efforts to combat the use of cryptocurrencies in money laundering.

The news comes via a Reuters report citing a government official with knowledge of the situation. However, the likelihood of the G20 finance chiefs uniting on new international rules are not high, the official said, as different countries approach regulation of cryptocurrencies in a variety of ways.

"The general feeling among the G20 members is that applying too stringent regulations won't be good," an official was quoted as saying.

The G20 meeting will take place in Buenos Aires from March 19-20.

If Japan makes the call for cooperative action on cryptocurrencies, the nation will likely not be alone.

On Feb. 9, senior officials from France and Germany also called for the G20 group to discuss combined action on cryptocurrencies.

In a letter to the Argentinian government - which currently holds the presidency of the G20 - French finance minister Bruno Le Maire, German finance minister Peter Altmaier, and the heads of their respective central banks, expressed concerns about the risk of cryptocurrencies for investors.

A week earlier, U.S. Treasury Secretary Steven Mnuchin also indicated he would raise the subject of cryptocurrency regulation during an upcoming G20 summit. Like Japan, he raised the issue of cryptocurrency use in money laundering and other illicit activities.

https://www.coindesk.com/japan-call-g20-action-crypto-money-laundering/
289  Bitcoin / Press / [2018-03-13] Cambodia Blocks Crypto Transactions While Launching Its Own Crypto on: March 13, 2018, 09:54:53 AM
The Cambodian government, while pursuing its own cryptocurrency Entapay, has paradoxically banned financial institutions from engaging in cryptocurrency transactions, creating a state of confusion for the country’s cryptocurrency entrepreneurs.

Men Sam An, Cambodia’s Deputy Prime Minister, recently announced the launch of Entapay, a cryptocurrency, and encouraged the company to abide by the company’s laws, according to the The Pnom Penh Post.

Big Plans For Government Cryptocurrency

Entapay is a government supported, multi-functional digital currency payment system consisting of storage management, trading, exchange and offline transactions, according to its website. It can be viewed as a decentralized Alipay application based on blockchain technology.

Entapay derives its name from the Quantum Mechanical Phenomenon of Quantum Entanglement, according to the website, which features secure encryption and transmission of information. As a multi-functional payment system, Entapay removes the inconvenience of managing multi-digital currencies, the laborious process of trading, and insufficient physical trading sites.

Entapay will provide off-line exchange services for other cryptocurrencies.

The website further claims Entapay will replace VISA as the mainstream payment method.

Read more: https://www.ccn.com/cambodia-blocks-crypto-transactions-while-launching-its-own-cryptocurrency/
290  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ICO][ANN] ⚡️ PECUNIO - blockchain investments safe and easy ⚡️ Pre-ICO LIVE!!! on: March 13, 2018, 09:21:41 AM
I`m observing Pecunio platform development since summer. Looks like this guys are not in a hurry, aimed to create long therm financial product for institutional investors. They`ve got very impressive site, showing a lot of statistical and financial data. Professional team leaders and strong board of advisors. Project already rised 4.5$ mln during the presale period, but 30$ mln soft cap seems to be a bit large. Maybe this would be adjusted depending on situation with crowdfunding.
291  Local / Альтернативные криптовалюты / Re: [ANN]---> STREAMITY<---||P2P Площадка обмена криптовалюты|| on: March 12, 2018, 03:42:45 PM
Проект очень интересный, хоть и на рынке есть уже много конкуренции, тот же банкор или децентрализованная биржа DEX на Waves. Но как заявляют разработчики преимущества будут заключатся в отсутствии риска взлома и потери средств. StreamDesk будет отличатся использованием P2P-метода где возможен обмен всех токенов и даже фиатных  денег на основе смарт-контракта.
а вам не кажется что разработчики слишком много денег хотят лишь только за свои заявления которые ничем не подкреплены кроме домыслов и вымыслов?

Согласен слабовато описали, мне кажется не соберут всю капу, конкурентов много очень

"StreamDesk будет отличатся использованием P2P-метода где возможен обмен всех токенов и даже фиатных  денег на основе смарт-контракта."

И именно эта функция является сейчас уникальной на рынке, так как отпадает необходимость в посредниках. Что касаеться много денег хотят, у них soft cap всего 0.5$ млн, более чем подьемная цена которую они легко соберут, а значит проекту однозначно быть.
292  Bitcoin / Press / [2018-03-12] Study Finds $3B Worth of Faked Cryptocurrency Volumes and Wash Trad on: March 12, 2018, 08:34:14 AM
On March 10 a cryptocurrency trader and researcher published a report on how he believes $3 billion worth of cryptocurrency trade volumes, primarily from a couple of exchanges, are concocted. The author of the study, Sylvain Ribes, alleges that the exchange Okcoin has been fabricating up to 93 percent of its trade volumes.

Massive Discrepancies Between Exchanges

Sylvain Ribes has published a study that reveals some interesting information about trade volumes stemming from exchanges like Okcoin (Okex) and Huobi, which may be falsifying their trade volumes. Ribes calculated his data from order books across all major exchanges to “measure how badly market selling $50k USD worth of each cryptocurrency would crash the price.”

Further Ribes refers to a term called “slippage,” which he defines as “the percentage change between the observed mid-spread price and the lowest price I had to consent to sell the asset.” Throughout Ribes’ research of various currency volumes coming from exchanges like GDAX, Bitfinex, Kraken, Binance and more he found vast inconsistencies between trading platforms.  

“I found ridiculously massive discrepancies between exchanges. Not the kind that can be easily hand-waved away (“oh well, their users must behave differently”), but the kind that can only be explained by some figures being overstated as much as 95%,” explains Ribes’ study.

Quote
Leading the pack is Okex, currently ranked #1 exchange by volume with $1.7b total volume on both Coinmarketcap and Livecoinwatch websites.


Orange, dark blue and light blue dots are GDAX, Bitfinex, and Kraken. Red dots are Okex. The exchange “Okex is a ghost town” says Ribes. 

Read more: https://news.bitcoin.com/study-finds-3b-worth-of-faked-cryptocurrency-volumes-and-wash-trades/
293  Bitcoin / Press / [2018-03-12] Binance Offers $10 Million Hacker Bounty on: March 12, 2018, 07:00:16 AM
In the wake of Wednesday’s market manipulation incident which caused all kinds of mischief, Binance has issued a hacker bounty. A total of $10 million has been earmarked towards catching hackers and other unscrupulous attackers, with $250,000 offered for information leading to the prosecution of last week’s viacoin pump and dump perpetrators.

Binance Fires a Warning Shot

Last week, attackers pumped the price of viacoin, using compromised Binance accounts to do their dirty work. The plan was to sell at the top and quickly cash out in bitcoin before the scam could be stopped. According to Binance, the hackers didn’t get away with it, and in fact lost money on the deal after withdrawals were stopped and the fraudulent trades reversed. Not content with having mitigated the attack, the exchange has now announced its intentions to come after the attackers – and it’s seeking the help of the public.

Today, Binance announced that it is “offering a $250,000 USD equivalent bounty to anyone who supplies information that leads to the legal arrest of the hackers involved in the attempted hacking incident on Binance on March 7th, 2018.” The reward would be paid out in the exchange’s native BNB token.

Deadly Serious or Just Posturing?

Even if the identities of the attackers can be uncovered, the chances of their arrest seem remote. For authorities to act against cryptocurrency exchange hacks, they will demand compelling evidence of a crime, and while what occurred was undoubtedly illegal, the fact that no victims were left out of pocket makes a prosecution unlikely. The $250,000 bounty, therefore, may be interpreted as a warning more than anything. By robustly informing hackers that such behavior will not be tolerated, Binance hopes bad actors will pick a softer target next time. Because the exchange doesn’t require full KYC, the only information it may have on last week’s attackers is an email address and an IP.

Binance Throws $10 Million in the Pot

Binance’ Medium missive finishes: “Furthermore, Binance has currently allocated the equivalent of $10,000,000 USD in crypto reserves for future bounty awards against any illegal hacking attempts on Binance. We have also invited other exchanges and crypto businesses to join our initiative. We welcome their participation at any time.”

The platform is clearly genuine in its desire to clamp down on unlawful activity, and will have no qualms about paying out for information leading to the arrest of hackers. However, the generous sums being waved about could also be interpreted as the exchange flaunting its wealth. Coinbase recently came in for flak after awarding a series of developer grants worth $2,500 apiece – or about 45 seconds of revenue for the U.S. exchange. In pledging $10 million, Binance has demonstrated its might and its determination to thwart anything or anyone that stands in its way.

https://news.bitcoin.com/binance-offers-10-million-hacker-bounty/
294  Bitcoin / Press / [2018-03-12] Former Thai Finance Minister Calls for Crypto Regulation on: March 12, 2018, 06:17:09 AM
A former finance minister of Thailand has voiced his support for new regulations around cryptocurrency trading and initial coin offerings (ICOs).

Korn Chatikavanij previously served as the country's finance minister between the end of 2008 and mid-2011. Now chairman of The Thai Fintech Association, a startup accelerator, he said in an interview last week that his organization supports the Thailand Securities and Exchange Commission's plan to introduce dedicated rules for activities around the tech.

Quote
"I agree with the Finance Ministry's [view] of letting the SEC be the only organization governing digital assets, because it already oversees securities and has a profound understanding of digital assets," said Korn, according to a Friday report by the Bangkok Post.

His comments came after a months-long public consultation period that was extended twice past its original completion date of January 22nd. One possible outcome of the review process is a plan to apply existing "investment participation" rules to token sales, which would impose capital requirements on those conducting ICOs within Thailand.

Following the completion of the public consultation period and a joint meeting with government officials last Wednesday, state agencies in Thailand indicated they have agreed to enact a regulatory framework on cryptocurrencies and ICOs within the next month, per the Post.

Officials have suggested such a timeline in past comments to the media, including deputy prime minister Somkid Jatusripitak, who said in mid-February that new rules should be expected in the coming weeks.

https://www.coindesk.com/former-thai-finance-minister-calls-for-crypto-regulation/
295  Bitcoin / Press / [2018-03-09] Russians Think Bitcoin Makes a Great Present on: March 09, 2018, 08:47:18 AM
Cryptocurrency is gaining popularity in Russia as a good idea for a gift. According to a new survey, more and more Russians believe cryptos, like bitcoin, would make their girlfriends and wives happy on special occasions. The 8th of March is celebrated as Women’s Day in Russia and in many other countries. 

Bouquets, Gadgets, and Bitcoins


Russian women expect special attention on March 8. The International Women’s Day is celebrated as official holiday in the Russia Federation and around the world. According to an online poll, conducted by Hi-tech Mail.ru, the crypto craze is influencing decision-making when it comes to choosing the right present for the occasion.

The survey reveals that cryptocurrency is becoming a popular choice for a ladies gift. More Russian men admit they would rather surprise women with cryptos than with rubles. A third of the respondents say they are going to buy flowers. Gadgets are also quite popular – 14 percent think a new iPhone sounds like the perfect gift. Only a tenth of those questioned claim modern Russian women don’t need a present for the Women’s Day.

Another 13 percent of the polled intend to surprise their girlfriends or wives with some crypto cash, saying that’s the best present. Almost 60 percent of them prefer bitcoin, while ethereum takes the second place with 22 percent. Litecoin and the centralized Ripple are next with 5 percent each. 7 percent think of some other currency. More than 4,000 people have participated in the online survey.

Read more: https://news.bitcoin.com/russians-think-bitcoin-makes-great-present/
296  Bitcoin / Press / [2018-03-07] Tokyo`s Bitcoin Whale Has Sold $400 Million on: March 08, 2018, 07:51:29 AM
Some people still doubt the fact that Bitcoin and cryptocurrency markets are manipulated by big-money players – commonly referred to as “whales” – who pump and dump large stocks of cryptocurrency. Those people have never heard of Nobuaki Kobayashi.

Tokyo`s Bitcoin Whale

Nobuaki Kobayashi is an attorney from Tokyo, who also just happens to be the bankruptcy trustee for the no-longer-operational Mt. Gox — the Tokyo-based exchange which filed for bankruptcy protection after losing 850,000 Bitcoins.

On Wednesday, Kobayashi disclosed that he has sold off roughly $400 million worth of Bitcoin (BTC) and Bitcoin Cash (BCH). He claims the process began last September — which also happens to be when the cryptocurrency market really started to heat up.

Kobayashi is still holding another $1.9 billion worth of Bitcoins and Bitcoin Cash, which he is also considering selling in an effort to pay off Mt. Gox’s creditors. For reference, that means Kobayashi still holds roughly 179,245.37 BTC — though that may be unevenly divided with Bitcoin’s unwanted step-brother, Bcash.

Unsurprisingly, Kobayashi claimed his strategy for selling the prized cryptocurrency was comprised of little more than trying to get “as high a price as possible.” In other words, he was probably having a ball day trading with some big money. (You know when you see those 200 BTC sell walls miraculously appear and disappear?)

According to Bloomberg, disclosures in Kobayashi’s report Mt. Gox’s website indicate that the trustee has averaged roughly $10.5k per Bitcoin during his initial sell-off period. At the time of this writing, Bitcoin is currently trading at $10.6k on popular US-based exchange Coinbase.

Read more: http://bitcoinist.com/tokyos-bitcoin-whale-has-sold-400-million-and-thats-just-the-start/
297  Bitcoin / Press / [2018-03-08] The Wealthy Want Crypto but Don’t Understand It, Survey Shows on: March 08, 2018, 07:21:36 AM
The world’s richest people are putting more and more money into cryptocurrency, despite the fact they don’t understand it very well, a new report reveals. Terms like “distributed ledger” and “blockchain” are not especially familiar to the wealthy, according to their advisers. The widespread misunderstanding about the technology behind bitcoin seems to have little or no effect on the attractiveness of crypto investments however.   

Advisers Confirm Interest in Cryptocurrencies


Cryptocurrencies have caught the attention of rich people around the world, but that does not necessarily mean they understand very well what cryptos really are. About 21% of the respondents in an annual survey of wealth advisors and private bankers confirmed their clients increased investments in cryptocurrencies last year. The lack of understanding of the technology behind bitcoin – distributed ledger – is one of the findings of the latest Wealth Report by Knight Frank.

“We asked about their understanding of blockchain and there is still a huge amount of misunderstanding about it,” Knight Frank’s Head of Research for Asia-Pacific, Nicholas Holt, told CNBC this week. “Although people are getting on the train about investing in cryptocurrencies, perhaps there is not a full understanding of what this could mean to their wealth portfolio,” he noted.

Despite the crypto craze, interest towards traditional investments, like stocks and properties, remains high and they are still preferred by the wealthy, according to the report. Experts are not surprised by that finding, as 2017 has been a good year for equities.

At the same time, property remains the cornerstone of most portfolios, accounting for up to 50% of investments in the Asia-Pacific region. 34% of the respondents globally have confirmed intentions to invest in property overseas in 2018. The US and UK are the top markets, Nicholas Holt said. American commercial and residential markets are expected to grow following tax reforms there.

Read more: https://news.bitcoin.com/wealthy-want-crypto-dont-understand-survey-shows/
298  Bitcoin / Press / [2018-03-07] South Korean Officials Prohibited From Holding or Trading Crypto on: March 07, 2018, 10:31:11 AM
MBN, a mainstream media outlet in South Korea, has reported that the South Korean government officially prohibited government officials from holding or trading cryptocurrency.

According to the report of MBN, even government officials who are not related to the South Korean Ministry of Strategy and Finance and Financial Services Commission are banned from holding or trading cryptocurrencies like bitcoin and Ethereum, to ensure that there exists no conflict of interest in regulating the local market.

Insider Trading

The decision of the South Korean government to prohibit officials from investing in the cryptocurrency market was made after it was discovered that several officials within the local Financial Services Commission engaged in insider trading, by selling before the initial announcement of South Korean Justice Minister Park Sang-ki, who falsely claimed that the government would impose an outright ban on cryptocurrency trading in late 2017.

Justice Minister Park has since softened his stance on strict cryptocurrency regulation, as the South Korean government clarified that it has decided to take the approach of properly regulating the cryptocurrency market by protecting investors and businesses, rather than banning the industry and falling behind other leading economies like the US and Japan.

“All government ministries agree on the need for a government response to an overheating in cryptocurrency speculation and for a degree of regulation,” said Park in January, stepping back from his comments on the imposition of a nationwide ban on cryptocurrency trading.

South Korea’s opposition party representative Kim Seong-tae stated earlier this year that several government officials engaged in insider trading, and were notified about the rash statement made by Minister Park prior to his official press conference in December.

Representative Kim said in a statement translated by CCN:

Quote
“There were many reports suggesting that officials of the government of President Moon Jae-in engaged in cryptocurrency trading. Given that local government officials have taken profits from trading cryptocurrencies based on prior knowledge of the reports of the government regarding cryptocurrency regulation, it can be said with evidence that the government engaged in insider trading.”

Consequently, as a response to the allegations and the admission of insider trading by the Financial Services Commission, the South Korean government imposed a ban on trading targeted at government officials.

On March 1, the South Korean Personnel Innovation Department asked the Blue House, the executive office of President Moon Jae-in, and every other department within the South Korean government to refrain from trading cryptocurrencies, noting that penalty will be imposed to departments that engage in cryptocurrency investment.

South Korea’s Free Trade Commission, Financial Services Commission, and the Ministry of Strategy and Finance unanimously agreed on the decision of the South Korean Personnel Innovation Department to restrict cryptocurrency trading within the government, to ensure that government officials do not engage insider trading again in the future.

Cryptocurrency Market

As for the public cryptocurrency market, the South Korean government has been regulating the market to allow newcomers and casual investors to invest in cryptocurrencies without regulatory concerns and strict policies. Local cryptocurrency exchanges have started to add new users once again.

https://www.ccn.com/south-korean-officials-prohibited-holding-trading-cryptocurrency/
299  Bitcoin / Press / [2018-03-07] PBoC's Yao: Chinese Digital Currency Should Be Crypto-Inspired on: March 07, 2018, 08:40:03 AM
A central bank-issued digital currency (CBDC) released by the People's Bank of China should incorporate elements of cryptocurrencies, according to Yao Qian, who spearheads the central bank's research in this area.

In his latest opinion piece, published by China business media outlet Yicai on Tuesday, Yao - who is director of the central bank's Digital Currency Research Lab - further explained his vision regarding a technological approach towards the development of a CBDC.

Such features - including possible steps to boost privacy in transactions - would help give a future currency more of a competitive edge, he wrote, while acknowledging that the PBoC would likely centralize its issuance.

Yao argued:

Quote
"At the current phase, CBDC may mainly focus on digitalizing the fiat currency. But it's inevitable for CBDC to integrate more features in the future. An approach that just rigidly mimics and digitalizes the fiat currency may undermine the competitive edge of CBDC in the long term."

The lab director's comments offer a new window into the thinking within China's central bank on this issue. His commentary follows a January op-ed by Fan Yifei, the vice governor of the PBoC, which specifically distinguished CBDC from decentralized cryptocurrencies.

And yet Yao argues in his opinion that, in the long-run, a Chinese CBDC should nonetheless include some key features of cryptocurrency.

For example, he outlines a scenario in which a cryptocurrency wallet would be introduced to customer accounts among existing commercial banks which would utilize a dual-key mechanism maintained by both customers and banks - similar to the concept of public and private keys used in most cryptocurrencies.

In addition, Yao also said that a certain degree of anonymity can be adopted by a Chinese CBDC, arguing that the central bank should consider the advantage of a more private transaction environment for better user experience and privacy protection.

"[An] anonymous front-end with [a] real name back-end," Yao wrote.

That line of thinking is perhaps shared by Fan, who previously argued in his op-ed that while a CBDC can be anonymous from the perspective of consumer-to-consumer payments, transparency would be vital within the central bank's issuance system.

https://www.coindesk.com/pbocs-yao-qian-state-digital-currency-can-still-be-cryptocurrency/
300  Local / Альтернативные криптовалюты / Re: [ANN] [ICO] PAYPIE – Первая учетная платформа на блокчейн on: March 06, 2018, 12:07:59 PM
2 Марта PayPie присоединился к  Enterprise Ethereum Alliance (EEA), обьединению компаний, которые предоставляют открытый исходный код, куда входит более 400 организаций. Как бы это нужно больше для маркетинговых целей, а инвесторы тем временем ждут выпуска Бета версии платформы, работа над ней по словам команды кипит, и релиз уже точно состоится в любую неопределенную ближайшую дату, но не позднее конца Апреля 2018.
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