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The People’s Bank of China had completed investigations into ICOs, and now it will strictly punish such fundraising-related activities in the future. From this moment it will also castigate legal violations in already completed ICOs. According to the Bank, along with the securities and other government agencies, any individuals or organisations that have completed ICO fundraising should make arrangements to return the funds. How the money are to be paid back to investors wasn’t specified though. ICOs, which are generally deployed by startups for fundraising and can also be used for “smart” contracts, have seen unprecedented growth over the past year, raising $1.6 billion globally, with China accounting for around $400 million (through 43 to 65 ICO platforms according to different sources). https://www.coinspeaker.com/2017/09/04/peoples-bank-china-declares-icos-illegal/ |
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Sequoia Capital and IDG Capital are investing $50M in Bitmain Technologies Ltd., created by Wu Jihan and Micree Zhan, and considered by many to be the world’s largest bitcoin mining organization. To understand the role of Beijing-based Bitmain in the $74 billion bitcoin economy, its necessary to keep in mind the company’s profile. Firstly, Bitmain designs the silicon that goes into its bitcoin mining rigs. Secondly, it assembles the machines, and sells them around the world as well as operates its own mining facilities. Apart from this, Bitmain runs vast bitcoin mines, which it rents out to others. And last, but not the least, it manages several of the world’s largest mining pools, together controlling 29 percent of all the processing power on the global bitcoin network. https://www.coinspeaker.com/2017/09/04/sequoia-idg-invest-50m-chinas-bitcoin-mining-company-bitmain/ |
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The old domain http://btc-e.nz is active now, though not accessible to notably US-users due to regulations. Users from some other parts of the world may also have difficulties with accessing the exchange. The relaunch of the site comes with very limited functionality. Users are only able to check their account balances and check or send messages. However, there is nothing surprising as, according to the uptade at bitcointalk.org, the site didn’t have to perform any other functions at this stage of its reboot. Features and services should gradually come back online, following the three-stage plan to launch the new service. https://www.coinspeaker.com/2017/09/01/bitcoin-exchange-btc-e-is-back-online-but-with-limited-functionality/ |
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To recap, the BTC-e exchange’s website, that had been previously displaying a breakdown for maintenance message, was seized by US criminal authorities a month ago. This must have been totally horrible news for its users, who had lost access to their funds, especially given the arrest of Alexander Vinnik, charged with laundering of $4 billion, 95 per cent of which were cashed out at the BTC-e, later turned up to be never headed by him. Earlier this month BTC-e unveiled its scheme of refunding all the money to its users . Now, following its plan to publish additional updates about the recovery process, cryptocurrency exchange BTC-e offers new details on how it intends to revive the services weeks after it was taken offline. https://www.coinspeaker.com/2017/08/31/latest-update-from-btc-e-3-stages-of-service-relaunch/ |
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China UnionPay, one of the major payment processors, has recently patent a new blockchain-based system for connecting a network of automated teller machines (ATM’s). Last month State Intellectual Property Office of the People’s Republic of China released a set of documents revealing a concept, under which ATMs are presented as nodes within a blockchain-powered network. All transactions are shared through a distributed database, which guarantees high level of security and operating time. Regardless of using only limited amount of data coming from a single point of communication, which hardly seems to be reliable, the system is designed to maintain all transactional information in total security. https://www.coinspeaker.com/2017/08/29/china-unionpay-files-blockchain-patent-connect-atm-network/ |
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Initial coin offerings or ICOs has drawn a lot of media attention becoming more and more popular among developers, businesses, and individual investors, who use it as a means of crowdfunding. It’s needless to say, that ICO may provide both fair and lawful investment opportunities, and create situations in which untrustworthy companies manipulate the price of the company’s common stock publicly announcing ICO or ICO-related events. That’s why The SEC’s Office of Investor Education and Advocacy is warning investors about potential frauds involving stock of companies engaged in ICOs. Fraudsters may try to use new and emerging technologies as a kind of bait to convince potential investors to give their money. These frauds often include market manipulation schemes or “pump-and-dump” carried out by publicly traded companies that claim to develop and launch these new technologies. https://www.coinspeaker.com/2017/08/29/sec-warning-investors-potential-scams-involving-public-companies-icos/ |
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The team behind Ethereum has announced plans to release an updated version of the network in late September. Known as Metropolis, a new hard fork is set to bring a number of changes, including higher security and anonymity of the system. This will be the second official update of the network, following the original Frontier version and the first hard fork, Homestead. The upgrade has been anticipated since February when the developers first unveiled plans to release Metropolis in the Ethereum road map for 2017. Initially planned in August, the launch date was postponed because of the continued development and comes at the end of the developer’s projected time-frame for execution. https://www.coinspeaker.com/2017/08/26/ethereum-plans-metropolis-release-september/ |
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The Russia-based cryptocurrency trading platform ,BTC-e, has announced that it is preparing to publish additional updates about the recovery process, after being closed by US authorities. The exchange stopped operations earlier this summer following the arrest of its operator Alexander Vinnik. The man was detained by Greek police at the request of the US authorities which accused him of money laundering and illegal money transactions. Besides, a group of bitcoin security specialists, known as WizSec, alleged that Vinnik has been involved in the hacks of Mt.Gox and Bitcoinica exchanges. https://www.coinspeaker.com/2017/08/26/bitcoin-exchange-btc-e-will-launch-daily-updates-anticipation-re-launch/ |
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Universa, a next-generation blockchain cryptoprotocol created by VentureClub founder and technology investor Alexander Borodich, has launched a pre-ICO on Monday. Borodich, who compares the creation of Universa to the introduction of Internet, has recently announced the company’s intention to raise more than $100 million during the upcoming ICO. Unlike bitcoin and ethereum blockchains, Universa is much faster, cheaper, and safer platform, allowing users to create smart contracts and apps via its system. https://www.coinspeaker.com/2017/08/28/five-advantages-universa-blockchain-bitcoin-ethereum/ |
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Ties.Network is a secure business platform designed for crypto-community to safely conduct business and financial transactions, including striking deals, locating and hiring experts, and promoting projects. Ties.Network has announced the first round of Token Generation Event (TGE), commencing September 21, 2017, to October 12, 2017. The total emission will be 200 million TIE tokens with free-float TGE supply of 140 million TIE tokens. The TGE cap will be US $33,600,000. Accepted currencies are Bitcoin (BTC) and Ethereum (ETH). https://www.coinspeaker.com/2017/08/24/ties-network-announces-token-generation-event-tge/ |
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BitFin Capital, а Cayman Islands domiciled hedge fund focused on the intersection of the emerging blockchain ecosystem and traditional economy, and the Token Fund, one of the first Coin Traded Funds (CTF) on the market, today announced a purchase of CND tokens from Cindicator Ltd (Gibraltar). In addition to purchase of CND tokens, BitFin Capital and the Token Fund announced a partnership with Cindicator to deploy its technology in analytics and trading departments, as well as to gain an early access to the products and technologies for investment funds and traders. https://www.coinspeaker.com/2017/08/24/cindicator-announces-bitfin-capital-token-fund-participated-token-sale/ |
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The ICO market is undergoing a rapid growth spurt. More and more companies conduct their ICOs, collecting the amounts of money virtually on par with big-time IPOs. This development is causing the demand for ICO campaigns to rise exponentially. Back in July Global Advisors raised more than $1 billion for creation of the world’s first regulated Bitcoin and ICO investment fund to offer investors a reliable fiduciary responsible for making well-considered investment decisions. https://www.coinspeaker.com/2017/08/24/current-state-of-the-ico-market-growing-pains/ |
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Ties.Network is a secure business platform designed for crypto-community to safely conduct business and financial transactions, including striking deals, locating and hiring experts, and promoting projects. Ties.Network has announced the first round of Token Generation Event (TGE), commencing September 21, 2017, to October 12, 2017. The total emission will be 200 million TIE tokens with free-float TGE supply of 140 million TIE tokens. The TGE cap will be US $33,600,000. Accepted currencies are Bitcoin (BTC) and Ethereum (ETH). Ties.Network provides a solution to today’s inefficient, high cost, and insecure business transactions. The platform is based on trust and innovation, which is supported by the Ethereum blockchain technology, “genuine” review and rating system, and the world’s first secure, public, and decentralized NoSQL database Ties.DB. https://www.coinspeaker.com/2017/08/24/ties-network-announces-token-generation-event-tge/ |
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Currently the value of bitcoin, ethereum and other assets marked $153.78 billion point which is 13 percent higher that last week, 67 percent over the last month and an incredible 1,240 percent enhancement since the previous year. XRP prices – the cryptocurrency of the Ripple network – have also surged more than 40% due to intensive buying from Korean won trading pairs prompting another round of predictions that Ripple is about to make a big splash into the Chinese markets in the nearest future. The data once again confirms steady growth of the cryptocurrency market. Another important thing should be mentioned: the new record comes during a trading session where were no individual all-time highs for most popular cryptocurrencies. At $4,185 and $318, bitcoin and ether respectively were edging up, though still short of their highs above $4,500 and $400, respectively. Which is more, the new high was set when there were no significant gains in litecoin, monero and some other popular alternative cryptocurrencies among traders. https://www.coinspeaker.com/2017/08/23/total-cryptocurrency-market-capitalization-hits-150-billion-first-time/ |
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Civic, the revolutionary blockchain identity verification technology, today announced the official roll out of its strategic partnership with wikiHow, the world’s leading how-to website. The partnership will help deliver a more streamlined, secure experience for wikiHow users through Civic’s Secure Identity Platform. As a result, over 150 million monthly wikiHow users will now be able to login securely without using a username and password. “We are pleased to officially welcome wikiHow to Civic’s Partner Network. This collaboration illustrates our continuing, strong momentum in building our ecosystem for on-demand, secure, and low-cost access to identity verification services,” said Civic CEO, Vinny Lingham. https://www.coinspeaker.com/2017/08/23/civic-integrates-wikihow-expand-identity-verification-ecosystem/ |
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ASUS has presented a new motherboard, the B250 Expert Mining, that could be the best product for cryptocurrency mining. The date of sale wasn’t announced. However, there is no doubt that ASUS won high completion among leading makers of graphics cards as NVidia and AMD thanks to the B250 Expert Mining. In spite of NVidia and AMD aims to launch graphics cards for cryptocurrency mining, ASUS new product is the world’s first board to support 19 PCI-Express expansion slots while competitors’ products include only 12, 8 or 6 slots. B250 Expert Mining has the LGA 1151 socket and is based on the B250 chipset. The motherboard supports all Intel 7th and 6th Generation processors. Moreover, the mainboard backs up to 32 GB of DDR4 memory in dual channel mode with 2400 MHz clock speeds. https://www.coinspeaker.com/2017/08/22/asus-unveils-b250-cryptocurrency-mining-motherboard-support-19-graphics-cards/ |
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Anonymity is considered to be one of the major benefits offered by digital currency techs today. This may mean a lot for its users enabling them to move money around the world without revealing who they are. Nevertheless, in reality, bitcoin, the king of crypto currencies, is less secret than people actually think. It turned out, that Internal Revenue Service (IRS), purchased specialist software to track those using bitcoin, and has been using it since 2015. According to a contract unearthed by the Daily Beast, the IRS is paying a company called Chainalysis to help identify the owners of digital “wallets” and to unmask bitcoin users who have failed to report profits. FYI, the software is also used by Barclays’ financial crime and transaction monitoring teams to obtain information from the blockchain about their customer’s financial transactions. https://www.coinspeaker.com/2017/08/23/irs-uses-special-software-find-bitcoin-tax-cheats-since-2015/ |
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IwToken is a new project aimed at promoting the use of virtual currencies around the world. The startup’s goal is to integrate cryptocurrencies into people’s everyday life, making them easy to purchase, hold and sell. “We highly believe cryptocurrencies will keep gaining the place they deserve and start to be used more frequently, for everyday transactions all across the world, used just as a payment for a service like buying something at a supermarket, making a high net worth transaction between two entities or just for sending some money from you to a friend or a family member who might be in another city,” the company wrote in a whitepaper. https://www.coinspeaker.com/2017/08/22/iwtoken-create-integrative-wallet-token-ico-starts-august-31/ |
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Technology is constantly changing and its capabilities are expanding. Across industries, leaders are looking for new tech solutions to keep up with digital needs that’re overwhelming the global population. A key example of it is how banking institutions are beginning to look towards Blockchain solutions for digital currency and banking. Though the Blockchain technology is simple, it’s incredibly useful. The financial industry is currently in the process of adopting the Blockchain technology to create universally accepted digital currencies that will effectively change the way international payments and banking work. So, what is the Blockchain technology? And how can it be used in the payments industry? Read more https://www.coinspeaker.com/2017/08/21/blockchain-future-payments-industry/ |
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