A SIMPLY INTRODUCTION OF UCBI BANKING

A talk about our current financial system today is a very sensitive one. It is a discussion of control. Yes a control of our money, a control of our personal data, a control of our very life. The aim of the centralized financial system is control

Think about the Global financial crisis of 2008- 09. It's all tied up to this system of control. Think about how it came about, who messed up? It was the central financial system. Who paid for the mess? It was you.
Who decide to print too much fiat currency out of nothing that resulted to massive inflation? It was your central government, the central bank in cooperation with commercial banks and it was you who paid for their wrong decisions.

Now think of a world where you are in control of your funds, personal data and you can do transactions with paying huge hidden bank charges. Where you are free to spend any amount, small or large anywhere in the world and your identity is safe. A banking system where your funds cannot be diluted by government creating it out of nothing and giving it to commercial banks to pursue their selfish interest.

UCBI Banking present you that world where you can have total control of your funds and your personal data.
UCBI Banking is disrupting the traditional banking system by opening a blockchain bank.UCBI is a revolutionary banking concept that combines cryptocurrency risk and international blockchain service, which allows customers of all works of live carry out day to day transaction on a blockchain system through a broker system. It allows customers to exchange securities for assets without the need of intermediaries.
UCBI has one mission, to empower everyone to take back control of their finance.

Binance Adds P2P Platform for Chinese Investors, Supports Alipay and WeChat

Leading cryptocurrency exchange Binance has added support for Chinese users of WeChat and Alipay, circumventing a Chinese ban on cryptocurrency exchanges by launching a P2P service that is accessible by Chinese citizens.

Binance’s P2P trading capability was announced October 9, 2019, giving Chinese investors the ability to trade bitcoin, ether and tether against the Chinese yuan. Access to the service was initially limited to Android users that have had Binance accounts for more than 30 days, with plans to offer the service to iOS and web users also announced.

However, amid the buzz and excitement over the news, it would seem that Changpeng Zhao, the chief executive of the exchange, caused some confusion concerning the incorporation of WeChat Pay and Alipay, two mobile payment platforms that are popular in China, into its payment ecosystem.

A Twitter user, who stumbled on the feature on her trading platform, took her discovery to social media to ask whether Alipay and WeChat Pay had indeed been added to the Binance payment system. Answering, Zhao simply said, “Yes.”

Bitcoin Magazine’s Week in Review

The inclusion of cryptocurrencies in the tax system of the United States took an interesting, if unsatisfying, turn this week as well, when the Internal Revenue Service (IRS) published its Revenue Ruling 2019-24 on October 9, 2019.

A follow-up to the draft published by the tax authority back in 2014, the new guidance provides some clarity on how the agency would tax holders for airdrops and hard forks, as well as the classification of taxable activities. This publication is a significant step for crypto taxation, but the guidance creates more questions than answers.

Hong Kong Free Press Gives BitPay the Boot, Brings BTCPay Onboard

A Troubled Relationship
The Hong Kong Free Press is known for being particularly unbiased in its reporting. In a period where Hong Kong is mired in anti-government protests and political upheaval, many have turned to the publication as a means of getting unfettered, uncensored posts about events in Hong Kong.

The nonprofit depends on donations to run its operations, which was why it pitched its tent with BitPay, so it could receive bitcoin from donors easily. However, things became tense barely a month into this new partnership. At the time, Tom Grundy, the founder and editor-in-chief of the publication, took to Twitter to thank everyone who has donated HK$14,817 ($1,888 USD) to their cause. He followed that appreciation up with an announcement that the news agency will be temporarily suspending bitcoin payments due to BitPay's refusal to send the funds to them.

Grundy complained that BitPay had been sitting on the funds for almost a month, while adding that the payment processor had refused to process their transactions because Hong Kong banks don’t support IBAN, an international standard for identifying bank accounts while effecting financial transactions.

Hong Kong Issues Rules for Crypto Asset Managers

Hong Kong’s Securities and Futures Commission (SFC) has recently released rules and regulations for fund managers dealing with crypto assets.

The securities regulator published a 37-page document titled “Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets” on October 4, 2019. It provided detailed guidance for entities managing portfolios that invest in “virtual assets,” its term for cryptocurrencies.

According to the document, virtual asset fund managers in Hong Kong should at all times maintain liquid capital at a minimum of 3 million Hong Kong dollars (roughly $380,000) and its variable required liquid capital. In addition, sufficient human and technical resources and experience are required, depending on the amount of assets under management.

As opposed to mainland China, where ICOs and exchanges providing cryptocurrency trading have been banned since September 2017, the securities regulator lays out a legal framework for ICOs.

In this episode of the "Bitcoin Magazine Podcast," Dave Hollerith talks with Nathan Hadley, a.k.a. Bitcoin Schmitcoin, to hear about what it's like to be a bitcoin price analyst. Hadley discusses how he uses technical analysis to gauge the bitcoin price, why that works better than fundamental analysis in this market and what will need to be seen in the market before bitcoin takes a bigger bull run. Hadley also explains why most self-proclaimed "traders" are full of it and reflects on some of the craziest days in cryptocurrency price action that he has ever seen.

Bitcoin Magazine’s Week in Review

So far, private individuals and firms have dominated the bitcoin mining sector. But things may soon be changing in Eastern Europe. In a video that has recently been getting attention, the president of Belarus spoke about the prospect of using the country’s nuclear power to mine bitcoin.

Naturally, this raised questions about how a country-backed mining initiative could help the Bitcoin network or the country that undertakes it.
Hong Kong is currently mired in one of the most widely covered political crises of 2019. And, meanwhile, the trading price for bitcoin in the country has been surging. Cryptocurrency prices around the world have been largely decreasing, but data from LocalBitcoins shows that residents of Hong Kong are now turning to bitcoin as a secure store of value in the face of upheaval against the government.

The Current Market Situation
As of October 4th, crypto markets are still struggling to recover. Since its last sharp drop, BTC fails to retrace to $8500 level while many other currencies see significant losses. As of publishing time, BTC dominance remains around 67%.

BTC/USDT Daily Chart
On the chart, we can see that the price made a break of the lower resistance boundary of the “triangle with a flat bottom” formation in the zone of $9560-9580. At the same time, 157 SMA was broken, which confirmed the dominance of sellers. Now the price is trading around $8100-8250, at the border of the resistance of descending channel. Consolidation of the price indicates the current period of accumulation, interest of buyers and a potential return to the upper boundary of the descending channel to $9100-9200 zone. After the middle of the month, the price may rebound from the support level of the descending channel and return to the area of $8900-9300, where there is a strong resistance. Also, the other day, the level of 8200 was traded and once again protected. The common mood is to fall, and we know that often the market goes against the majority. A lot of people are in shorts and this is an excellent point for growth (their stops and liquidation of positions, as was the case recently with longsters)

Bitcoin Magazine’s Week in Review

Anyone who tells you about the history of cryptocurrencies, and bitcoin in particular, will point out that the entire cryptocurrency era began in 2008 in the wake of the worst financial crisis in 75 years.

In a recent opinion piece, Peter C. Earle, a research fellow at the American Institute for Economic Research, describes the increasing central bank negative interest rate phenomenon, the role of bitcoin in the financial space and how both investors and regulators should view the rise of the asset.

So far, private individuals and firms have dominated the bitcoin mining sector. But things may soon be changing in Eastern Europe. In a video that has recently been getting attention, the president of Belarus spoke about the prospect of using the country’s nuclear power to mine bitcoin.

Naturally, this raised questions about how a country-backed mining initiative could help the Bitcoin network or the country that undertakes it.

Canadian Mining Firm Is First Bitcoin Company to Hit Toronto Stock Exchange

North America’s largest bitcoin mining firm will soon trade publicly on Canada’s premier stock exchange.

On October 9, 2019, Hut 8 will officially begin trading on the Toronto Stock Exchange (TSX). Before graduating to the largest stock exchange in Canada, Hut 8 was listed on the Canadian Venture Exchange, a smaller public exchange for emerging businesses which operates under the same umbrella as the TSX.

“The TSX is the fourth-largest exchange in North America and one of the largest in the world. Being listed on the TSX will broaden the investor audience for Hut 8 and the hope is that will lead to more investor interest and liquidity for the shares,” Hut 8 CEO Andrew Kiguel told Bitcoin Magazine.

Bitcoin Price Analysis: Macro Resistance Turned Support — Will it Hold?

Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks. This price analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Inc sites do not necessarily reflect the opinion of BTC Inc. They should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.

Bitcoin Hash Rate Heading to 100 EH/s: How Price, Halving and Security Are Involved


Computing power does not determine the price of cryptocurrency — on the contrary, the price of cryptocurrency affects computing power. Recently, there has been a heated discussion about Bitcoin’s hash rate with many people looking forward to seeing it break 100 exahashes per second (EH/s).

So it’s important to look at the relationship between Bitcoin’s hash rate, price, halving and security.

The essence of cryptocurrency mining is to conduct hash rate operations, so computing power can be measured in the number of hashing operations per second. For example, Bitcoin’s hash rate is about to break 100 EH/s, meaning that 100 exahash operations can be completed in one second.

Money20/20 Will Highlight the Financial Future

The phrase “Money makes the world go 'round” speaks to the importance and essential nature of money in everyday life.

Today, massive changes tied to global payments markets are fundamentally reshaping how the world transacts, borrows and moves money. These emerging trends signify the central theme of Money20/20, a popular financial conference set to take place from October 27 to 30, 2019, at the Venetian Resort in Las Vegas.

This four-day event will feature a broad cross section of high-profile speakers specializing in payments, banking, fintech and financial services. Through educational sessions and networking discussions, thought leaders, visionaries and innovators will converge around a broad spectrum of interests to explore fresh approaches for how money is transacted.

“Money20/20 creates valuable conversations by bringing together a massive community of innovators and leaders in fintech and financial services,” Sanjib Kalita, editor in chief of Money20/20, said. “This connection of people, ideas and companies have proven invaluable in moving the industry forward.”

The Crypto Ratings Council Is Here, But Does It Hold Any Weight?

A cabal of cryptocurrency’s biggest companies have come together to launch a system for measuring a coin’s likelihood to be caught up in U.S. securities regulations.

Coinbase, Kraken, Grayscale Investments, Bittrex, Poloniex parent company Circle and Anchorage custody services, among others, have established the Crypto Ratings Council (CRC). This council will rate specific cryptocurrencies on a scale of one to five based on the likelihood that they qualify as securities (1 being the least likely and 5 being the most likely).

This ratings system, as Blockchain.info lawyer Marco Santori noted on Twitter, is essentially “a Hot or Not for the Howey Test” — the litmus for classifying whether or not an asset is a security based on the Securities Act of 1933.

Easily transfer crypto from Coinbase.com to your Coinbase Wallet

We’re excited to announce that you can now link your Coinbase.com account to your Coinbase Wallet app. Once your Coinbase account is linked, you can easily transfer crypto to your Wallet app with just a couple of clicks, anytime you need it.

The Coinbase Wallet app is Coinbase’s user-controlled cryptocurrency wallet. With Coinbase.com, you can buy crypto and Coinbase stores it (along with your private keys) for you; with Coinbase Wallet, you store your own crypto (safeguarded by a private key that only you know). To learn more, visit our website.

Whether you use Coinbase Wallet to store your own crypto or to use decentralized apps (i.e., “ DApps”), managing your funds across Coinbase products just got a lot easier.

Your Coinbase Wallet app will update in the next few days, after which you will receive an in-app notification to activate this optional new feature.

To connect your Coinbase.com account, click Connect Now in the notification, or select ‘Connect to Coinbase’ from the Settings menu at any time.

Worries of a twenty something

I spent about two days in bed hating myself.


Why don't I simply do the things that I know will make me feel better?

It isn't rocket science. It isn't that difficult. Get out of bed. Eat. See people. Talk to people. Exercise. Write. Read.


If you want to do something with your life, well ok just go ahead and do something.

Ugh it's too much work and I don't even know where to start. I don't know how to do anything and it'll never work. I'll be judged. I can't do it. I can't do it alone. I don't know anybody It will be a complete utter disaster and no one will care about it and of course the point of doing everything is to get attention and praise from other people. Yeah I need to get the most followers and the most views. And by doing that I have to promote myself and become a phony and pander like hell. Good job you're really following all the ideals you hold so dearly.

Payments giant Stripe announced they will be raising $250 million in funding at a pre-money valuation of $35 billion. This happened only a week after they launched some new services and now, the money they want to raise, they want to use for growing on the international level (that includes adding more new payment products and even start working with larger companies).

When Stripe was firstly valued at $22.5 billion, they’ve raised (only) $100 million so this step represents a huge rise. Allegedly, in the round of funding are General Catalyst, Andreessen Horowitz and Sequoia but it seems that SoftBank is also one of the possible players. However, it might be not in this round, but president and co-founder of Stripe, John Collison, mentioned it might be considering second round of funding.

Also, as he said, there will no be any “corporate strategics and the bank that is giving its support is Celtic Bank. However, Collison said that neither Celtic bank will be involved strategically in the whole deal. He added the $250 million will probably stay as is and everything should be finished in the next few weeks.

The sharing economy sounds like an attractive idea, with its promise of more convenient access to services and products, at low cost.
Via digital technology the sharing economy brings billions of people together to interact and transact. This relatively new and rapidly growing corner of the digital universe is worth many trillions — $229 billion in China alone, according to The Economist.
Yet, while the sharing economy might be expected to be an unalloyed success story, accompanied by runaway growth and stellar media coverage, the reality is less straightforward.
Unfortunately for its proponents, the sharing economy is having something of a bumpy ride. Take Uber, for example. The ride-sharing firm has been mired in disputes across the globe, its CEO resigned in 2017 following investor pressure, and it posted a loss of a billion dollars in the quarter ending September 2018.
Other sharing economy firms have run into difficulties too. With ride-sharing firms there have been reports of sexual assaults on passengers and inadequate driver background checks, for example, while ride-sharing drivers have gone to court to claim that they are employees rather than contractors.
Home-sharing firms have tangled with municipal authorities over local laws restricting use of residential property for short-term rentals, as well as having to deal with stories of accommodation being used to host pop-up parties and brothels. The result is a trust deficit, a lack of confidence that needs to be overcome if the full potential of the sharing economy is to be realised.
The sharing economy has led to the creation of some extremely highly valued technology businesses and in a very short space of time (Airbnb was founded in 2008, Uber in 2009).
While there is no universally agreed definition, one can think of the sharing economy as digitally-enabled, peer-to-peer exchange platforms for goods and services, that connect spare capacity with demand, or offer access-over-ownership by enabling renting, lending, re-selling or swapping.

A deep test of support pushed the bitcoin market down $600 over the course of an hour. Ultimately, after testing weekly support, the market managed to retrace the entire drop and push a new high.

At the moment, we are retesting macro support/resistance at $10,300 and if we can manage to close our weekly candle back above the support, it will be a strong bullish signal that we are likely in for a  continuation of our uptrend.

Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks. This price analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Inc sites do not necessarily reflect the opinion of BTC Inc. They should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.

Changes Afoot for Philippine Crypto-Friendly Economic Zone
The special economic zone in the Philippines known for its crypto friendliness is undergoing some changes. Government-owned Cagayan Economic Zone Authority (Ceza) is investigating a case involving one of its licensed crypto exchanges after a tip from the Chinese government. The authority has also issued new directives to all of its licensees, including 40 crypto exchange operators.