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1  Alternate cryptocurrencies / Altcoin Discussion / Meet Cosmos: The Internet Of Blockchains on: March 15, 2019, 04:45:21 PM
Crypto space is getting a bit more connected, with a new launch intended to bring multiple protocols together.  The non-profit Interchain Foundation has just launched Cosmos Network, a decentralized network of independent yet inter-operable blockchains. The new network aims to be the internet of blockchains, so that distributed ledgers can communicate with one another and synchronize, coordinate and scale operations.

The lead developer for Cosmos is Tendermint Inc, a blockchain consensus project funded by $400 million from Paradigm, Bain Capital, and 1confirmation. The project is expected to facilitate the development of decentralized applications (dApps) by handling the underlying protocols such as networking and consensus.
2  Bitcoin / Bitcoin Discussion / SEC Chairman Highlights Investor Protection in Regard to Bitcoin ETF on: March 14, 2019, 08:48:44 PM
United States Securities and Exchanges Commission (SEC) Chairman Jay Clayton is still concerned about investor protection when it comes to the commission approving a Bitcoin (BTC) Exchange-Traded Fund (ETF). The SEC chairman spoke about crypto in an interview with FOX Business on March 14.

In the interview, Clayton claimed to be neutral toward digital currencies, saying that he is not a spokesperson against the asset. The SEC chairman explained that he is concerned with the potential for manipulation associated with the space, and wants to guarantee investor protection:

“What I’m concerned about at the moment is if it can be reasonably demonstrated that the underlying trading is generally not manipulated, it’s happening on reliable venues with good rules and that custody is something we can feel comfortable about.”

3  Bitcoin / Bitcoin Discussion / Brock Pierce Predicts Blockchain to be Propelled by Gamers, STOs and D’apps on: March 13, 2019, 08:07:12 AM
The crypto market just like the traditional financial market runs on predictions, which have never been in short supply. There have been predictions about everything from the future of the industry to possible tax conundrums the technology will inflict on baffled regulators and governments.

Even as the price of cryptocurrency took a hit in late 2018, enthusiasts have continued to voice their opinions, including the ever-controversial Brock Pierce who recently espoused some interesting views.
4  Alternate cryptocurrencies / Altcoin Discussion / SEC chairman brings clarity on ETH security classification on: March 12, 2019, 08:50:18 PM
Recent information from the U.S. Securities and Exchange Commission’s (SEC) chairman has come out on the topic of ethereum (ETH) as a security.

Jay Clayton, the SEC’s chairman, verified the agency’s staff examination discovered ETH as free from classification as a security, as detailed in a report from Coin Center.
5  Bitcoin / Bitcoin Discussion / The Tipping Point: Kroger, Starbucks May Ignite Retail Crypto on: March 11, 2019, 06:57:48 PM
It's no secret that cryptocurrencies don't receive many plaudits in the mainstream media as reliable means of payment. Critics have even claimed that Bitcoin "sucks" as a payment mechanism.

Yet, despite that blinkered skepticism, cryptocurrency payments actually grew last year. Payment processor BitPay reported a "record" $1 billion in transaction revenue in 2018, with its business-to-business (B2B) operations increasing by 255 percent compared to the previous year. Meanwhile, the use of cryptocurrencies in such economically unstable countries as Venezuela and India has surged, as people turn to the likes of Bitcoin and Dash to escape from increasingly worthless national currencies.

6  Bitcoin / Bitcoin Discussion / Worse than BitConnect? Leader of Billion Dollar Cryptocurrency Pyramid Scam “One on: March 11, 2019, 06:12:40 AM
I'm very delighted that some good measures are happening to all those that has use the opportunity available with blockchain technology and Bitcoin to scam innocent victims.

The leader of a prolific cryptocurrency Ponzi scheme, OneCoin, was arrested and charged on Mar. 6th. OneCoin Ltd. claims to have 3 million members—or victims—worldwide and has generated over €3.3 billion in fraudulent sales. In reality, the OneCoin “cryptocurrency” did not use a blockchain at all while it scammed investors out of billions.

Get more info about it here:-
7  Alternate cryptocurrencies / Mining (Altcoins) / Miners:- Unable Over Constantinople HardFork on: March 10, 2019, 08:00:29 AM
Ethereum miners aren't happy with the just completed Ethereum's Constantinople Hardfork as it present two distinctives negativities to the miners:

1. Higher energy consumption to the mining
2. Reduction in the mining fee from 3ETH to 2ETH.

This was said to be as a result of Ethereum Difficulty Bomb! Get more details here:-
8  Bitcoin / Bitcoin Discussion / US REGULATORS SHOULD GIVE BITCOIN SOME BREATHING SPACE on: March 09, 2019, 09:04:59 PM
The importance of maintaining world technological supremacy is gaining momentum. In the United States, defenders of innovation and job creation are pushing for giving Bitcoin (BTC) and other cryptocurrencies some breathing space.

In this regard, Thomas W. Hodge, Senior Associate Attorney at Brock & Scott PLLC and founder of Crypto and Policy, argues that the US has always nurtured the growth of new technologies entering the market. “We foster its growth rather than stifle it with burdensome regulations,”

Finally there's a stand for Bitcoin and Cryptocurrency at large. US regulators should give room for natural competition and desist Bitcoin/Cryptocurrency defamation.
9  Bitcoin / Bitcoin Discussion / Commonwealth of Massachusetts Sets up Fintech Advisory Group on: March 09, 2019, 12:08:23 PM
In a bid to better understand the growing fintech and blockchain industry, many places in the world are setting up committees and advisory boards. Seoul in South Korea announced theirs in February 2019, and another pro-blockchain move and the U.S. state of Massachusetts is joining them.

It was reported on March 7, 2019, that the Secretary of the Commonwealth of Massachusetts William Gavin has formed a fintech advisory group that will be responsible for giving feedback and input to the government on all thing fintech-related.

This is rather interesting, considering Gavin has previously been very critical of cryptocurrency.

This advisory group consists of representatives from Eastern Bank in Boston, Arwen, a blockchain firm, academics,  legal experts, as well as other companies in the fintech space.
10  Bitcoin / Bitcoin Discussion / Judge Fines Winklevoss Twin’s Lawyer $15K on: March 08, 2019, 07:08:53 PM
The Winklevoss Twins had sued Bitcoin entrepreneur Charlie Shrem for defrauding them of at least 5,000 Bitcoin worth of $31 million at the time of filing suit. Lawyer Tyler Meade misled them into making “legal missteps” that lead them to lose more money including having to reimburse Shrem’s legal fees.

11  Other / Off-topic / Russia’s Ruling Party United Russia Launches Blockchain-Based Voting System on: March 08, 2019, 08:22:47 AM
While some individuals and countries (as the case may be) are scared of the technology and talking down on it, some are actually using the advantages it offers for their benefits. The Russian ruling party has decided to use blockchain technology in their voting system.

Local news outlet TASS reports that Russia’s ruling political party, United Russia, has launched a blockchain-based e-voting system, which is expected to be used for the nation’s primary elections that will be held on September 8. Citizens who have passed authorization on the public services portal will have to access to this new voting system.


This is laudable accomplishment by the Russian. It goes to show the world benefits enherent in adopting blockchain technology in our society.
12  Alternate cryptocurrencies / Altcoin Discussion / Regulators in Israel Eye Crypto to Give Traditional Trading a Big Boost on: March 08, 2019, 06:55:43 AM
The Isreali has decided to take the bull by the horn. This is what the Isreali top Security regulators got in stock.

Israel’s top securities regulator is recommending the creation of a cryptocurrency trading platform with enhanced regulation. A committee at the Israel Securities Authority (ISA) says the move would allow companies to engage in fundraising through the issuance of digital tokens.
According to a report by Reuters, the committee’s recommendation follows two years of studying blockchain and cryptocurrencies – and after 10 years of watching traditional trading activity in Tel Aviv decline.

13  Bitcoin / Bitcoin Discussion / Crypto ‘Won't Turn Out to Be a Complete Delusion' on: March 07, 2019, 09:55:19 AM
Couple of years back, some individual who feel they so much understand the financial market claimed Bitcoin to be a bubble as well as a delusion then, currently have a change of opinion. Niall Ferguson is one of such and this is an extract of his recent opinion.

British economic and financial historian Niall Ferguson says that cryptocurrencies will not turn out to have been a complete delusion, as he had once assumed.

With no doubt, it's becoming very clear to all that the revolution of blockchain and Cryptocurrency at large is unstoppable.
14  Alternate cryptocurrencies / Altcoin Discussion / IBM X-Force Red Team Announces Blockchain Security Testing Service on: March 06, 2019, 09:49:09 PM
IBM’s X-Force Red Team is an independent team within the blue-chip organization. The team’s primary goal is to develop blockchain-based security solutions according to the need of the market.

The team comprises of technology veterans who conduct stress and penetrable tests during blockchain solution’s design, implementation, and post-go-live phase.


15  Economy / Speculation / Bitcoin Prediction to hit 100,000$ on: December 02, 2018, 10:30:07 AM
Max Keiser, one of the most followed and controversial analysts and influencer of the crypto ecosystem, was recently interviewed by Bitcoinist. In the interview, he presented his vision about the future of cryptocurrencies and the reasons why he is optimistic and calm hodling in spite of the strong bearish trend of 2018.

Max Keiser: Another Long-Time Bullish
According to Max Keiser, the “panic” problem is because many of those involved in crypto did so during the 2017 bullish streak. However, for those who fall into the category of “early adopters,” the behavior experienced in 2018 was something to be expected:

“The Bitcoin price got way ahead of itself, and we saw a typical pullback. Since I first started buying BTC in 2011 at $1, I’ve seen a few of these … The long-term chart is fine. It’s still bullish …
The long-term trend is intact and will continue its upward path. ”

Indeed, Max is right, from the point of view of technical analysis, the behavior of Bitcoin is still strongly Bullish, with a favorable projection for the coming years even more if certain events such as the Halving, ETFs and the growing interest in institutional investments are taken into account.
16  Bitcoin / Bitcoin Discussion / World’s Largest Diamond Producer Alrosa Joins De Beers’ Blockchain Pilot on: October 30, 2018, 03:54:01 AM
Alrosa is reported to be the world’s largest producer of raw diamonds in carat terms; together with De Beers, the two firms produce around half of the world’s supply. In Q3 2018, the firm’s rough diamond sales rose 12 percent year-on-year to $949 million in value, even as sales in carats declined.

Tracr, whose pilot was first announced in January, aims to improve transparency and consumer trust across the diamond value chain from mine to retail.

The solution works by creating a digital certificate for each diamond that records key attributes and transactions. The data is stored immutably on the blockchain, allowing buyers to verify that diamonds they purchase are natural and conflict-free.

The latter term refers to an industry-specific concern in regard to “conflict diamonds,” also known as “blood diamonds” — uncut diamonds that have been mined in a war-zone and traded to illicitly fund combat.

Alrosa CEO Sergey Ivanov told Mining Weekly that the company’s move to join the pilot was motivated by a belief that industry cooperation is necessary for the sake of “a common goal.”

The Tracr blockchain initiative is reportedly designed to complement existing regulations and schemes that already function to foster industry confidence in diamonds’ provenance and quality, such as the Kimberley Process Certification Scheme, World Diamond Council System of Warranties, and Responsible Jewellery Council Code of Practices.

As previously reported, Tracr was developed by De Beers in conjunction with other industry leaders, namely Diacore, Diarough, KGK Group, Rosy Blue NV, and Venus Jewel. De Beers’ first successfully implemented the blockchain solution to track 100 high-value diamonds this May.

That same month, Signet Jewelers, the world’s largest diamond jewelry retailer, also joined the pilot Tracr initiative. The full-fledged platform is expect to launch this year, although an exact date has yet to be announced.

Also in May, Alrosa partnered with KGK Diamonds to work with blockchain startup D1 Mint to tokenize diamonds. The project aims to widen the gems’ appeal as an investment asset class and drive consumer demand.

17  Alternate cryptocurrencies / Altcoin Discussion / Bitcoin on the Ethereum Blockchain? on: October 29, 2018, 04:46:20 AM
We all know what BTC, BCC, and ETH are. But new to the reader may be symbol WBTC – short for “wrapped Bitcoin,” which will essentially be a token on the Ethereum blockchain tied directly to the value of Bitcoin. A combined effort of Kyber Network, Republic Protocol and BitGo, the token will have two important effects on cryptocurrency.

First, it will enable Bitcoin to participate in Ethereum smart contracts natively on the Ethereum blockchain. While multiple efforts to initiate smart contracts on Bitcoin’s own chain have historically been undertaken, including QTUM, which runs the Ethereum Virtual Machine on the Bitcoin network, and Rootstock, which mirrors the features of Ethereum for Bitcoin, Ethereum remains the dominant mode in terms of smart contracts. Nevertheless, the prospects of Ethereum decentralized applications have been called into question recently.

Second, it will enable the value of Bitcoin to directly impact a token on the Ethereum blockchain. The tokens will be backed by the reserves of BitGo and the other participants in the project, and transparent inititatives are in progress to ensure that investors are clear about what they are holding. Accordingly, if one holds 1 WBTC, one has the equivalent value of 1 BTC.


Is this for real?
18  Bitcoin / Bitcoin Discussion / Senate Struggles to Understand Bitcoin – A Scam or Genuine Innovation? on: October 12, 2018, 09:46:29 PM
The world is learning more about Bitcoin and cryptocurrencies every day as they are creeping into public consciousness steadily. However, learning about Bitcoin, investing in it, and creating laws that regulate the cryptocurrency sector are completely different things. For the Senate Banking Committee, Thursday presented one of the biggest challenges in the decade — to understand Bitcoin without fear or favor. For the members of the Committee, it could be difficult to fully comprehend the technical jargons and the new technology that underpins cryptocurrencies.

What Is the True Nature of Bitcoin?
Lawmakers need to understand the implications of a brand-new technological breakthrough to create legislation accordingly. But just like every technological innovation, be it the 1970s era of emails or the subsequent rise of the Internet, Bitcoin and its underlying technology can give Senate members a headache in trying to understand them.

19  Bitcoin / Bitcoin Discussion / Why Experts Are Calling Russia’s Crypto Bill ‘Disappointing’ on: September 30, 2018, 01:30:46 PM
Several native experts have recently expressed their disappointment with the development of Russia‘s cryptocurrency regulations, citing areas as ”ineffective” and ”far behind” those of other countries.

Discussing the main bill in question, “On Digital Technologies,” Artem Tolkachev, chairman of the Russian Blockchain community since 2016, said that he was ”disappointed” with the current version, pointing to areas that he perceives would create potential inefficiencies.

His main critique points centered about the crowdfunding section prepared by Russia’s central bank, and also the amendments to the Russian Civil Code. His concerns were that both bills were constructed independently and that would consequently make them rather ineffective.

The government has been attempting to regulate the area of cryptocurrency since January 2018, only to be met by different obstacles. The bills which were expected to be passed at the beginning of July have been delayed until October.

Tolkachev thinks that the issues related to passing the bills arise from the ”complexity of the subject” and a lack of intergovernmental consensus over how, and what exactly should be state regulated. Reports have emerged that the Russian Central Bank has become opposed to the Ministry of Economic Development on the subject, with the latter pushing for a more progressive agenda.

20  Alternate cryptocurrencies / Altcoin Discussion / JPMorgan’s Ethereum-Based Blockchain Payments Trial Adds 75 Banks on: September 26, 2018, 06:17:22 PM
A blockchain payments trial jointly launched by a trio of banks led by JPMorgan has roped in 75 new banks globally for seamless and faster interbank settlements.

First deployed by JPMorgan in October 2017, the Interbank Information Network began as a blockchain experiment to minimize the participants and friction typically involved in a global payments transaction. The blockchain is developed using Quorum, an Ethereum-based private blockchain developed by JPMorgan in partnership with development studio EthLab.

As CCN reported at the time, JPMorgan’s blockchain foray took shape nearly to the day two years ago in 2016. The largest bank in the United States quit banking-centric blockchain consortium R3 the following year, presumably to build on the development of its own in-house blockchain.

Eleven months later, the endeavor – which includes the Royal Bank of Canada and the Australia and New Zealand Banking Group (ANZ) as a trio of members – is now rivaling R3 with the addition of ‘more than 75 of the world’s biggest banks,’ according to a Financial Times report.

Get full details here:
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