South Korean authorities have arrested 14 operators allegedly involved in illegally subsidized Bitcoin mining, local media outlet Yonhap reports April 1. As Yonhap reports, police arrested 14 people suspected of running Bitcoin mining setups using unfairly subsidized electricity since May 2017. A total of 13 companies were complicit, each using up to 350 machines to mint bitcoins with an energy discount of 10%. “These companies were found to be able to use electricity at a price 10% lower than that charged for general purposes, as well as rent factory space at a low price,” Yonhap continues. The events underscore what continues to be a sore point for jurisdictions around the world regarding cryptocurrency miners. As Cointelegraph reported, lawmakers in several US states and Canada have criticized the lack of perceptible benefits new mining companies bring to them in return for requesting cheap power. China has significantly scaled back its previously buoyant subsidized mining market, while South Korea continues to push forward with regulatory changes affecting various spheres of the cryptocurrency industry. The arrested miners meanwhile appear not to be facing significant punishment, with fines on the horizon, according to Yonhap. # NILECOIN |
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South Korea arrests 14 on suspicion of discount Bitcoin mining------------------------------ South Korean authorities have arrested 14 operators allegedly involved in illegally subsidized Bitcoin mining, local media outlet Yonhap reports April 1. As Yonhap reports, police arrested 14 people suspected of running Bitcoin mining setups using unfairly subsidized electricity since May 2017. A total of 13 companies were complicit, each using up to 350 machines to mint bitcoins with an energy discount of 10%. “These companies were found to be able to use electricity at a price 10% lower than that charged for general purposes, as well as rent factory space at a low price,” Yonhap continues. The events underscore what continues to be a sore point for jurisdictions around the world regarding cryptocurrency miners. As Cointelegraph reported, lawmakers in several US states and Canada have criticized the lack of perceptible benefits new mining companies bring to them in return for requesting cheap power. China has significantly scaled back its previously buoyant subsidized mining market, while South Korea continues to push forward with regulatory changes affecting various spheres of the cryptocurrency industry. The arrested miners meanwhile appear not to be facing significant punishment, with fines on the horizon, according to Yonhap. # NILECOIN
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Report: Russia's Gazprombank to Test Cryptocurrency Service  Russia's third-largest state-owned bank wants to let its wealthy clients trade cryptocurrencies, an official said. Gazprombank deputy chairman Alexander Sobol said the bank may launch a pilot program this year, though it is early in the planning stages. As such, there are no firm details yet on whether Gazprombank itself will invest in cryptocurrencies or just allow its customers to do so. Sobol said his team is "trying to follow the situation actively," according to Russian daily news organization Vedomosti.  For more information, click here: https://www.coindesk.com/report-russian-state-owned-gazprombank-to-trial-cryptocurrency-transactions/
NilecoinTeam
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Russia's third-largest state-owned bank wants to let its wealthy clients trade cryptocurrencies, an official said. Gazprombank deputy chairman Alexander Sobol said the bank may launch a pilot program this year, though it is early in the planning stages. As such, there are no firm details yet on whether Gazprombank itself will invest in cryptocurrencies or just allow its customers to do so. Sobol said his team is "trying to follow the situation actively," according to Russian daily news organization Vedomosti. For more information, click here: https://www.coindesk.com/report-russian-state-owned-gazprombank-to-trial-cryptocurrency-transactions/
NilecoinTeam
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↘️The blossom of such cryptocurrencies as Bitcoin, Ethereum, Litecoin together with the increase by hundreds of times in many cryptocurrencies' price in 2017 has made crypto an attractive and potential market as well as drawn the attention of investors, big investment funds and individuals. Data at the end of 2017 showed that Bitcoin and ETH prices had increased by 20 ad 120 times respectively. Many other coins also witnessed a bound in price for a short period of time. ↘️It is the fast, great and unpredictable increase in price (up to 50-100 times/day) that attracts the crypto investors. In contrast, it can also plunge quickly, by up to 50-80% of value compared to that in the previous day. The investors view it as a promising field to make an investment in because high risk score means high chance of big profit. ↘️ Crypto investmenthas become a trend. There is a great and dramatically increasing number of investors in this niche, calling for a notable volume of capital invested to earn profits, hold digital assets with a great number of matched transactions and record transaction volume per day. There was the time when Bitcoin price reached the peak at $20,000 then plunged to below $15,000. ↘️Research and evaluation by leading experts in the world shows that 2018 will be another promising year for cryptocurrency with the participation of more cryptos as well as individual investors and investment funds in this market NilecoinTeam |
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CURRENT CRYPTOCURRENCY TREND↘️The blossom of such cryptocurrencies as Bitcoin, Ethereum, Litecoin together with the increase by hundreds of times in many cryptocurrencies' price in 2017 has made crypto an attractive and potential market as well as drawn the attention of investors, big investment funds and individuals. Data at the end of 2017 showed that Bitcoin and ETH prices had increased by 20 ad 120 times respectively. Many other coins also witnessed a bound in price for a short period of time. ↘️It is the fast, great and unpredictable increase in price (up to 50-100 times/day) that attracts the crypto investors. In contrast, it can also plunge quickly, by up to 50-80% of value compared to that in the previous day. The investors view it as a promising field to make an investment in because high risk score means high chance of big profit. ↘️ Crypto investmenthas become a trend. There is a great and dramatically increasing number of investors in this niche, calling for a notable volume of capital invested to earn profits, hold digital assets with a great number of matched transactions and record transaction volume per day. There was the time when Bitcoin price reached the peak at $20,000 then plunged to below $15,000. ↘️Research and evaluation by leading experts in the world shows that 2018 will be another promising year for cryptocurrency with the participation of more cryptos as well as individual investors and investment funds in this market NilecoinTeam
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Cryptocurrency, Blockchain and Bitcoin are gaining in popularity and have become common terms in the world. Who is Satoshi Nakamoto? Is he truly a 37-year-old Japanese man or is there any organization behind him? - These are still unanswered questions.However, recently, according to ccn.com, a notorious criminal stated that he had met Satoshi Nakamoto in person. This guy even published an e-book to express his impression on Bitcoin creator. He is Roberto Escobar, the brother of deceased Colombian drug kingpin Pablo Escobar. He served more than 11 years in a maximum security prison for his role as an accountant for the Medellin cartel. So how could he know the truth about Satoshi Nakamoto? Actually, after a long time of cooperation, Roberto decided to find another way for himself, and cryptocurrency is a potential one. Most notably, Escobar claims to have met pseudonymous Bitcoin creator Satoshi Nakamoto, who he says wanted to partner with the Escobar family to create a new cryptocurrency. Escobar even included a photocopy of Satoshi’s passport as proof of the meeting. However, Escobar later discovered that Satoshi was actually an agent of the US government, after which he realized that Bitcoin was a CIA plot. He wrote as if he could promote the vision of Bitcoin creator: “I am the first person in the world…to publicly come out and claim that Bitcoin was created by the American Government, and I am not going to be the last person to say this. The world is going to wake up. The world is going to see that this was created by them. And when they see it, it is too late, and when the CIA founds out that the world knows about this, the CIA is going to sell all of their coins, and they will destroy the value of Bitcoin.” There is a lack of evidence to say that the American Government can destroy everything. We need to take many other factors into consideration. However, it somehow affects the way we view Bitcoin’s origin and urges us to be more careful in cryptocurrency investment # NILECOIN# NIL
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Identity of Bitcoin creator revealed in an e-book by a notorious criminal--------------------------- Cryptocurrency, Blockchain and Bitcoin are gaining in popularity and have become common terms in the world. Who is Satoshi Nakamoto? Is he truly a 37-year-old Japanese man or is there any organization behind him? - These are still unanswered questions. However, recently, according to ccn.com, a notorious criminal stated that he had met Satoshi Nakamoto in person. This guy even published an e-book to express his impression on Bitcoin creator. He is Roberto Escobar, the brother of deceased Colombian drug kingpin Pablo Escobar. He served more than 11 years in a maximum security prison for his role as an accountant for the Medellin cartel. So how could he know the truth about Satoshi Nakamoto? Actually, after a long time of cooperation, Roberto decided to find another way for himself, and cryptocurrency is a potential one. Most notably, Escobar claims to have met pseudonymous Bitcoin creator Satoshi Nakamoto, who he says wanted to partner with the Escobar family to create a new cryptocurrency. Escobar even included a photocopy of Satoshi’s passport as proof of the meeting. However, Escobar later discovered that Satoshi was actually an agent of the US government, after which he realized that Bitcoin was a CIA plot. He wrote as if he could promote the vision of Bitcoin creator: “I am the first person in the world…to publicly come out and claim that Bitcoin was created by the American Government, and I am not going to be the last person to say this. The world is going to wake up. The world is going to see that this was created by them. And when they see it, it is too late, and when the CIA founds out that the world knows about this, the CIA is going to sell all of their coins, and they will destroy the value of Bitcoin.” There is a lack of evidence to say that the American Government can destroy everything. We need to take many other factors into consideration. However, it somehow affects the way we view Bitcoin’s origin and urges us to be more careful in cryptocurrency investment # NILECOIN# NIL
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With the advanced technology with inheriting the leading technology platforms, NIL has been received as a turning point in the world financial industry. Now trading floors have appeared in many countries. The number of daily transaction is $5 million.WEBSITE: https://ico.nilecoin.org/
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WHAT IS NILECOIN POTENTIAL?With the advanced technology with inheriting the leading technology platforms, NIL has been received as a turning point in the world financial industry. Now trading floors have appeared in many countries. The number of daily transaction is $5 million.WEBSITE: https://ico.nilecoin.org/
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Japan Warns Binance Exchange Over Licensing Issue Japan's top financial regulator has issued a warning to cryptocurrency exchange Binance. In a statement published by the Financial Services Agency on Friday, the agency confirmed Thursday's news that suggested Binance was about to be warned by the financial watchdog given its lack of registration with the regulator. -------- Update: Mar 23, 2018 at 03:04 UTC Link: https://www.coindesk.com/japan-warns-crypto-exchange-binance-licensing-issue/NilecoinTeam |
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Japan's top financial regulator has issued a warning to cryptocurrency exchange Binance. In a statement published by the Financial Services Agency on Friday, the agency confirmed Thursday's news that suggested Binance was about to be warned by the financial watchdog given its lack of registration with the regulator. -------- Update: Mar 23, 2018 at 03:04 UTC Link: https://www.coindesk.com/japan-warns-crypto-exchange-binance-licensing-issue/NilecoinTeam |
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Taiwan’s Financial Supervisory Commission (FSC) has expressed its support for the mainstream adoption of initial coin offerings (ICOs), virtual currencies, and Blockchain in the country. The move is similar to Japan’s friendly approach to the disruptive innovations and in contrast to the campaigns by China and South Korea against them.Based on a report by The News Lense, the Taiwanese government’s support for ICOs, digital currencies, and Blockchain was announced by FSC chairperson Wellington Koo following a request made by Congressman Jason Hsu of the Nationalist Party during a parliamentary session. In his announcement, Koo said that there would be no outright prohibition on cryptocurrency-related activities in the country. He further claimed that the government will support innovators in their bids to experiment with Blockchain and virtual currencies. In his comment on Koo’s statement, Hsu said that the parliament will also pass the “Financial Technology Innovation Experimentation Act” to support the government’s action. Under the bill, all financial technology (fintech) activities and Blockchain startup companies will be allowed to freely operate in the country’s deregulated industry. “Just because China and South Korea are banning, doesn’t mean that Taiwan should follow suit – there is a huge opportunity for growth in the future. We should emulate Japan, where they treat cryptocurrency as a highly regulated, highly monitored industry like securities.” # NILNilecoinTeam
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Taiwan officially supports the mainstream adoption of Bitcoin, ICO and Blockchain ----------- Taiwan’s Financial Supervisory Commission (FSC) has expressed its support for the mainstream adoption of initial coin offerings (ICOs), virtual currencies, and Blockchain in the country. The move is similar to Japan’s friendly approach to the disruptive innovations and in contrast to the campaigns by China and South Korea against them. Based on a report by The News Lense, the Taiwanese government’s support for ICOs, digital currencies, and Blockchain was announced by FSC chairperson Wellington Koo following a request made by Congressman Jason Hsu of the Nationalist Party during a parliamentary session. In his announcement, Koo said that there would be no outright prohibition on cryptocurrency-related activities in the country. He further claimed that the government will support innovators in their bids to experiment with Blockchain and virtual currencies. In his comment on Koo’s statement, Hsu said that the parliament will also pass the “Financial Technology Innovation Experimentation Act” to support the government’s action. Under the bill, all financial technology (fintech) activities and Blockchain startup companies will be allowed to freely operate in the country’s deregulated industry. “Just because China and South Korea are banning, doesn’t mean that Taiwan should follow suit – there is a huge opportunity for growth in the future. We should emulate Japan, where they treat cryptocurrency as a highly regulated, highly monitored industry like securities.” # NILNilecoinTeam
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Update on Bitcoin price at the end of March 18, 2018 The Latest data from Coinmarketcap shows that Bitcoin has been traded at roughly $8.283. Since the beginning of 2018, Bitcoin has witnessed more decrease than increase in price. The coin has experienced continuous plunges due to external factors, especially the rules, regulations and management made by the authorities of many countries. Bitcoin fluctuation has adversely affected the transaction fees and exchange rate with altcoins. It is highly recommended that the investors follow Bitcoin price daily at https://coinmarketcap.com/# NILNilecoinTeam |
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The Latest data from Coinmarketcap shows that Bitcoin has been traded at roughly $8.283. Since the beginning of 2018, Bitcoin has witnessed more decrease than increase in price. The coin has experienced continuous plunges due to external factors, especially the rules, regulations and management made by the authorities of many countries. Bitcoin fluctuation has adversely affected the transaction fees and exchange rate with altcoins. It is highly recommended that the investors follow Bitcoin price daily at https://coinmarketcap.com/# NILNilecoinTeam
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+++ BTCC exchange, one of the three oldest crypto exchanges has been acquired by Hong Kong based Blockchain Investment Fund. 1. This is a “thrilling” dealIn a report last week, BTCC confirmed to be acquired by a Hong Kong based Blockchain Investment Fund. Although details about the deals have been undisclosed, BTCC is expected to enjoy another future. Originated in China, BTCC is formerly known as China BTC. Due to the fact that Chines government banned cryptocurrences in general and Bitcoin transactions in specific, China BTC moved their base of operations to Hong Kong under the new name of BTCC. BTCC explained that the deal would help them redirect to the focus on international cryptocurrency. BTCC would become the pioneer in expanding cryptocurrency market on a global scale.
2. BTCC FutureAt the time of writing this article, data from Blockchain.info shows that BTCC’ mining pool accounts for 3.3% of the total bitcoin hash rate. In the near future, BTCC will get more resources to focus on hash deployment in order to compete with other exchanges in this industry. NilecoinTeam. |
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One of the three oldest cryptocurrency exchanges acquired by Hong Kong---------- +++ BTCC exchange, one of the three oldest crypto exchanges has been acquired by Hong Kong based Blockchain Investment Fund. 1. This is a “thrilling” dealIn a report last week, BTCC confirmed to be acquired by a Hong Kong based Blockchain Investment Fund. Although details about the deals have been undisclosed, BTCC is expected to enjoy another future. Originated in China, BTCC is formerly known as China BTC. Due to the fact that Chines government banned cryptocurrences in general and Bitcoin transactions in specific, China BTC moved their base of operations to Hong Kong under the new name of BTCC. BTCC explained that the deal would help them redirect to the focus on international cryptocurrency. BTCC would become the pioneer in expanding cryptocurrency market on a global scale.
2. BTCC FutureAt the time of writing this article, data from Blockchain.info shows that BTCC’ mining pool accounts for 3.3% of the total bitcoin hash rate. In the near future, BTCC will get more resources to focus on hash deployment in order to compete with other exchanges in this industry. NilecoinTeam.
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Dear Nilecoin investors, The first quarter of 2018 is almost over, we would like to deliver our roadmap for the year 2018 again so that the investors can arrange your own plans. ☝️Quarter 1, 2018: Completing mining system on mobile devices and listing Nilecoin on exchanges ☝️Quarter 2, 2018: Seeking for partners who accept Nilecoin as a payment method ☝️Quarter 3, 2018: Building decentralized apps which can be integrated with Nilecoin wallet ☝️Quarter 4, 2018: Summarizing achievements in 2018 and publishing plans for the following years The team would like to wish you the best of success!  Best regards, # NilecoinTeam |
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