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↘️↘️Winklevoss Brothers Score Another Crypto Investment Patent

Crypto exchange Gemini founders Tyler and Cameron Winklevoss have long sought the creation of a bitcoin exchange-traded fund.

And while that process remains in flux, a company tied to the brothers has won another U.S. patent related to the creation of exchange-traded products tied to cryptocurrencies and digital assets.

The patent was awarded to a firm called Winklevoss IP LLP, and both Winklevoss brothers are included as the inventors along with Evan Louis Greebel, Kathleen Hill Moriarty and Gregory Elias Xethalis.

The patent, awarded on June 19, details a method "for providing an exchange-traded product holding digital math-based assets" as well as the issuance of shares tied to that ETP. It adds to the body of intellectual property the Winklevosses have sought to obtain, though it's not entirely clear when or how the concepts will be applied to real-world products.

An ETP, such as an exchange-traded fund (ETFs), is a type of security, the price of which is derived from other investment instruments - in this case, cryptocurrencies.

As CoinDesk previously reported, the Winklevoss brothers won a patent last month for a system that settles transactions for ETPs tied to cryptocurrencies. Like the other patent, this week's award names a variety of cryptocurrencies, from major ones like bitcoin and monero to more obscure ones like BBQcoin.

Publicly available data shows that this week's patent is the seventh crypto-related patent the Winklevoss brothers have received, with the first being awarded in December of last year.

The U.S. Securities and Exchange Commission (SEC) once denied a bid proposed by the Winklevoss brothers in March 2017 to list a bitcoin-tied exchange-traded fund (ETF), citing "the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest."
BY COINDESK.

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Famous people becoming rich because of Bitcoin, who are they?

💥💥💥Great things sometimes come from a crazy idea. It is evident that many people who spent just a few dozen dollars can now earn a huge fortune - they are the millionaires becoming rich because of Bitcoin, so who are they?
Here are some top famous millionaires:
1. 18-year-old Millionaire, Erik Finman
2. The self-made Millionaire, Jeremy Gardner
3. Barry Silbert - Making a bet on Bitcoin
4. Kristoffer Koch - from a $ 27 investment to a fortune
Let’s search and learn more about them. The way to success is not easy or straight; however, thanks to Bitcoin, they are now famous millionaires.

The "fresh fruits" that these Bitcoin beneficiaries have harvested are really worth it for each of us to crave, right? These millionaires will certainly be the best inspiration for anyone intending to invest in Bitcoin as well as other cryptocurrencies such as Nilecoin - one of the best coins to invest in 2018.
#BTC #NIL #crypto

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EU Report Says Cryptocurrencies 'Unlikely' to Challenge Central Banks
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Cryptocurrencies will not challenge the economic power of central banks, the European Parliament said last week.

In the latest Monetary Dialogue report issued on June 26, the European Parliament's Committee on Economic and Monetary Affairs said that while cryptocurrencies have made financial transactions "relatively safe, transparent, and fast," they pose no threat to sovereign currencies around the world.
https://www.coindesk.com/eu-report-says-cryptocurrencies-unlikely-to-challenge-central-banks/

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👍👍👍President of Uzbekistan signed the Blockchain Integration Decree - Tax Exclusion for Crypto

~The president of Uzbekistan just signed a Decree about development and integration of Blockchain technology, digital assets, and crypto mining. Its aims are modernizing the current management system of the government and acting as the driving force for the growth of digital economic in domestic. The decree “On measures for digital economics development in the Republic of Uzbekistan” was signed officially by Shavkat Mirziyoyev on July 4th.

~The Decree will be the legal basis for a “digital economic” in Uzbekistan. According to the legal document, the Ministry of Development of Information Technology and Communication will be the one to create and implement a program that boosted the growth of Blockchain in the country from 2018-2020. The department will be monitored and managed by the Government Office.

~Starting from January 1st, 2021, Blockchain as reported will be integrated into the operation of government agencies, particularly in verifying and identifying data in corporate management, as well as clearing transactions. Every individual wanted to participate in trading cryptocurrency need a special license.

~What mentioned in the Decree can be understood as a limited tax regime for crypto assets: “The turnover of crypto assets is regulated by special regulatory legal acts. Operations related to this turnover are not subject to be taxed, while the revenues received are not included in the tax base”.

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Binance  records extremely high profit

Cryptocurrency is at the top of attention at the moment the positive development of the Crypto market and its wide distribution. One Morning Star in Crypto market is the digital currency exchange platform – Binance.

The bearish trend in the first half of 2018 in crypto market seems to be no burden to Binance as this platform revealed its unbelievable high number of profit. According to Changpeng Zhao, CEO of Binance, this world’s largest crypto exchange expects to rake in between $500 million and $1 billion in net profit during 2018.

Its number of users has quadrupled just in 2018. The exchange opened up a new headquarters in Malta, bringing the number 2 million registered users at the start of 2018 to 10 million.

Binance’s first-half revenue was $300 million, an impressive number when compared to the number $200 million in Q4/2017. It is truly a successful year for Binance in 2018.

NilecoinTeam

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HOT: 12/12 Korean crypto exchanges got approved
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🔹Last week, it was such great news for South Korea that the Korean Blockchain Association (KBA) has approved 12 cryptocurrency exchanges as having taken sufficient security measures and implemented robust enough internal management systems to operate as exchanges.

The exchanges that have been green-lit by the KBA include:
- Bithumb, UPbit, Korbit, Gopax
- OKCoin Korea, Huobi Korea
- Coineone, CoinZest
- CPDAXX
- HanbitKor, NeoFrame, DexKor

🔹However, it is important to note that according to the report from CCN, Bithumb, which was included on the list of approved exchanges, suffered a highly publicized hack of some $40 million worth of cryptocurrency early this year. The majority of investors in South Korea reacted negatively to the otherwise positive announcement of the South Korea Blockchain Association, due to the controversial decision to approve Bithumb.

“Bithumb, the exchange that has been single handedly reviving the Kimchi Premium, is passed? Not so sure about this,” one investor said.
“Get rid of Bithumb. The exchange created Kimchi Premium again and if the value of cryptocurrencies drop on Bithumb, it could have a negative impact on the global market,” another user added.

🔹Overall: The announcement of the South Korea Blockchain Association solely considered the security systems of crypto exchanges that are in place as of current, not their business practices and operations.

🔹With the release of the findings of the South Korea Blockchain Association, the government of South Korea is planning to tighten regulations in the local crypto exchange market and the blockchain sector, to better facilitate the growth of emerging startups and companies working to advance the cryptocurrency industry.

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Announcement: NIL listed on CREX24 Exchange

Nilecoin Team would like to inform you that Nilecoin has been officially listed on CREX24 Exchange with list code of NIL after a long audit process in the system's security and transparency. NIL’s price at the time of listing is $0.30534254 , and it will change constantly.

The bright future for Nilecoin is close at hand as new development plans will be implemented for a sustainable growth.
Please visit the CREX24 to exchange
Nilecoin.

Thank you for your support!

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#CREX24

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Cryptocurrency exchange Binance has acquired mobile ethereum wallet Trust Wallet, the startups announced Tuesday. The acquisition will enable Binance to add a mobile wallet to its services, while Trust Wallet will be able to tap into advantages offered by the exchange, including both its existing user base and a proposed decentralized exchange, according to a press release.

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✔️✔️“People’s Money” Crypto to Outlast Fiat “Scam” – Rich Dad, Poor Dad Author

The author of the best-selling book ‘Rich Dad, Poor Dad’, Robert Kiyosaki, has spoken in favor of virtual currencies during a recent podcast. Mr. Kiyosaki described the United States Dollar (USD) as comprising a “scam” and predicted that precious metals and cryptocurrencies will outlast fiat currencies.

** MR.KIYOSAKI PREDICTS “BIGGEST CRASH IN WORLD HISTORY”

Robert Kiyosaki, is predicting that the mainstream financial system is heading toward a crisis of unprecedented size and scale.
Mr. Kiyosaki recently stated: “Unfortunately we had a big crash in 2000, they called it the dotcom crash, then in 2008 it was the subprime real estate crash. The next is going to be the biggest of all. When it’s coming I don’t really know, but the foreshocks are sounding right now.”

** CRYPTOCURRENCIES WILL OUTLAST FIAT CURRENCIES

In an interview with Sane Crypto Podcast, Mr. Kiyosaki recently praised cryptocurrencies, expressing his expectation that virtual currencies will supersede fiat currencies within the near future. “I think the dollar is toast because gold and silver and cyber currency are going to take it out […] The US dollar is a scam,” Mr. Kiyosaki stated, adding, “I think we’re watching the end of the dollar.”

#Crypto
#CURRENCY
#NIL

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Indian Government to allow crypto tokens, but not cryptocurrency

The government is considering launching crypto tokens for financial transactions in the country, even as the existing ban on cryptocurrencies is likely to continue.

A committee set up by the finance ministry, under the chairmanship of the Department of Economic Affairs (DEA) secretary, is reportedly working on a set of regulations and roadmap to allow certain crypto assets to be used in India. Once the draft regulations are ready and legally vetted, it will be tabled before Parliament, sources said.

DEA secretary Subhash Chandra Garg, who is heading the committee, is quoted by DNA as saying: “The committee is studying the possibility of using cryptocurrencies or crypto technology (distributed ledger technology) for financial transactions and also what kind of regulations are needed for that…[while] the currency is totally banned, the committee is discussing its other usage and how it can be mainstreamed in India.”

However, they put the trust in Token: “Crypto token operates in a closed system and doesn’t impact the country’s monetary policy unlike cryptocurrency, which interferes with the money supply situation.”

#NIL

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✔️✔️ Announcement: Trading pair NIL/ETH added on Crex24 exchange

After being listed on Crex24 exchange, Nilecoin has constituted a solid achievement. Currently, the trading pair NIL / ETH has also been added on Crex24 exchange for convenient transactions.
This improvement contributes to promoting the development of Nilecoin, making it easier to trade Nilecoin (with both BTC and ETH). Additionally, we have been trying to have NIL listed on other exchanges such as Bitlip, Freiexchange, Openledger, Stocks Exchange, Bl3p, Coinfloor.

👍👍Please visit https://crex24.com/en/exchange/NIL-ETH to start trading with NIL / ETH pair!

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