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Monthly Archives: August 2018

Gyeongbuk Coin | A New Digital Coin for Gyeongsangbuk-do Province

China may be doing all it can to suppress cryptocurrencies, but South Korea is going the opposite way. Specifically, in its Gyeongsangbuk-do Province. But what’s going on? Well, according to sources, officials are partnering with blockchain startup Orbs to create a province-specific coin called the Gyeongbuk coin. But why? South Korea’s Gyeongbuk Coin The province is issuing the Gyeongbuk coin to replace an already existent state loyalty scheme—the already existent “Hometown Love Gift Cards.” South Korean legislators are making this move to further integrate cryptocurrency across the nation. 100 billion won worth of Gyeongbuk Coin will be released annually. Daegu Merchant’s across Daegu—Gyeongsangbuk-do’s fourth-largest city—are already prepared to accept the coin. However, the system will take some time before it flows without any issues. According to the head of the science and technology policy department of Gyeongsangbuk-do, Sunghyun Chung: “There are still many problems to be solved by notifying merchants of the way they use coins, creating separate programs, and issuing coins.” Crypto in South Korea In July, South Korea re-evaluated its position on cryptocurrencies by making an official proposal to lift its ICO Blanket ban which it implemented in September 2017. >> Venezuelan Banks Must Accept Petro—Maduro Introduces New Economic Reforms The debate over …

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Steve Stanulis | How Cryptocurrency Inspired His Upcoming Movie

Steve Stanulis, a decorated retired New York City police officer and award-winning Hollywood actor/director, has recently taken to cryptocurrency and has used it to help inspire one of his upcoming films entitled ‘Red Money.’ We sat down with Steve to learn more about his thoughts on crypto, his upcoming films, and if he thinks the entertainment industry will start paying actors and other crew members with forms of crypto in the future instead of regular US currency. What were your original motivations for getting into the entertainment industry? My story is a bit unique, I was a former NYPD Officer with no aspirations of being in this industry. I then had the opportunity to work with Leo DiCaprio in 1999 after ‘The Titanic.’ I was introduced to that world and was immediately hooked. When did you first become aware of cryptocurrency? I first became aware of cryptocurrency since I am active in the stock market. My broker pitched the whole idea to me and I actually thought he was out of his mind when I was first approached with it. Like so many other times, unfortunately, I passed and shortly it then exploded into what it is today.  You currently …

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Bitcoin News Summary – August 13, 2018

Here’s what happened this week in Bitcoin in 99 seconds.  Bitcoin continues to outperform altcoins, reaching over 51% of the total crypto market cap this week. The story behind this week’s $900 price drop was the SEC’s decision to delay its decision on the highly-anticipated Bitcoin ETF until September 30th. Agency officials want more time to consider the approval of the VanEck SolidX Bitcoin Trust. Bitcoin Core developer Cory Fields revealed that he’d alerted the Bitcoin Cash developers to a fatal flaw in their code. Fields said that the bug could have proved “catastrophic,” potentially splitting the Bitcoin Cash blockchain. The American Drug Enforcement Agency (DEA) announced that Bitcoin currently has far more legal than illegal use. DEA special agent and Cyber Investigative Task Force member, Lilita Infante reported that illegal use of Bitcoin accounts for about 10% of its current volume. The agent said that the majority of use is now for financial speculation. Japanese internet giant, GMO, reported $2.3 million in profits for its cryptocurrency division over the second quarter of this year. GMO also recently announced its new 33 terahash per second B3 miner for sale. Finally, Overstock.com saw a massive 25% gains in its after-hours share …

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Markets Update: Crypto Prices Consolidate After Failing to Surpass Resistance

Market Updates Cryptocurrency prices have seen some recovery after our last markets update four days ago when a large majority of digital assets lost quite a bit of value. Since then, and more so over the last 48 hours, the entire crypto-economy capitalization ($216B) has gained roughly $20B. The action yesterday was more bullish as most of the top digital assets were up between 6-20 percent but have since lost some of those gains during this weekend’s trading sessions. Also read: Testing the Newly Transformed Non-Custodial Coinbase Wallet Up Moves, Down Moves, and Eight Months of Corrections Last week was pretty bad for most of the top digital asset markets, except we mentioned during our last markets update that bitcoin core (BTC) spot market prices took the least of the blows downward. Then a little less than 48 hours ago and mostly yesterday cryptocurrency markets picked up again with BTC touching a high of $6,615 on Bitstamp. But on Friday, August 17 most digital asset markets besides BTC reaped a lot more gains as a good portion of the top markets saw 10-20 percent spikes. The biggest gainers were ripple (XRP), monero (XMR), and stellar (XLM) as the values of each …

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DD Episode #4 – Government & Regulation

Published on August 17th, 2018 by DSholla Click to download audio version I don’t think crypto is the end all be all, but there is no one technology that is. However, if we can provide capital to people who for generations have been unable to have access to it, that’s a major win for everybody. —John Collins Distributed Dialogues is a collaborative show between the Let’s Talk Bitcoin Network and Distributed magazine. In each episode we’ll introduce you to people who are using blockchain technology to change the way we interact with the world around us. What are the risks and rewards of government involvement in the crypto space? For enterprises, there are little to no regulatory hurdles. They essentially use blockchain technology as a new type of data system. On the other hand, the government’s intended role has been to prevent nefarious activity, scams and any kind of pandemic economic crises. The ongoing point of contention, here, is assessing what level of involvement the state and its laws should have in open source projects. And if there is needed governmental input, would this type of involvement prevent decentralization? In this episode we will hear from two current and former …

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BTC Price | Holding Above $6K Despite Bearish Comments

Two days after Jim Cramer made bearish comments on Bitcoin, the BTC price has started to revive itself. A bullish reversal is not yet confirmed, as Bitcoin would have to break above key resistance for that to happen. However, the BTC price has moved back to above $6,000, which indicates a trend reversal could very well be in progress.  And yet, Cramer has still thrown in the Bitcoin towel. He even did so on the day that Bitcoin crossed a high of $6,259. So what gives? Jim Cramer BTC Price: Who Should We Believe? It’s difficult to say, as the crypto market is somewhat divided this week. Some are saying it’s game-over for Bitcoin, while others are confident BTC is eyeing a new target for bull reversal. For those believing Bitcoin is coming to an end, we have Jim Cramer.  On Tuesday, Cramer, who is the co-founder of the TheStreet, said to his CNBC audience that Bitcoin nearing 2018 lows suggests that the possibility of recovery is becoming less likely. Here, the 63-year-old former hedge fund manager is likely talking about the February low of $6,000, which, if the BTC price falls during the rest of the week, is possible of being hit.  …

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TradeSmarter | Build Your Own Cryptocurrency Trading Platform | CryptScout.com

Earn Bitcoin By Building Your Own Day Trading Platform Bitcoin and other cryptocurrencies have had a tough year so far. Coin prices have fallen sharply since January, and many investors are spooked. Did you know, though, that it is still possible to profit from the cryptocurrency market, even during significant downturns? Building your own cryptocurrency trading platform has never been easier thanks to TradeSmarter TradeSmarter provides web trader front-end technology capable of transforming any independent brokerage into a fully fledged cryptocurrency trading platform As well as cryptocurrency markets, TradeSmarter can connect to traditional Forex markets, binary options, and global CFD markets Day Trading Vs. Being Your Own Digital Currency Exchange If you entered the cryptocurrency market early, it doesn’t make sense to keep on day trading. Smart investors know this. This is why entrepreneurs like the Winklevoss twins, make their digital assets work for them by setting up their own exchanges. TradeSmarter – The Home of Successful Traders & Entrepreneurs The benefits of being a cryptocurrency entrepreneur are simple. By creating a fee-based independent cryptocurrency trading platform, entrepreneurs can earn Bitcoin, regardless of current market conditions. Demand for reliable day trading platforms is increasing Fee-Based digital currency exchanges generate rolling …

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Cryptocurrency Retirement Funds | SEC Warns Against Crypto IRAs

If you were planning on using Bitcoin to retire, you might want to think again. Why? Well, because the SEC has recently warned against cryptocurrency retirement funds. Here’s why. Cryptocurrency Retirement Funds As people approach retirement, many are nervous about where they are sitting financially. For these reasons, people are turning to self-directed IRAs, which are savings accounts that allow for alternative investments. When it comes to self-directed IRAs, typical investments include company stocks and precious metals. However, thanks to the crypto boom, virtual currencies have been added as an option. But the SEC doesn’t appear to support the addition. According to the commission, just because people can use their retirement funds to invest in cryptocurrencies doesn’t mean they should. There are still a number of risks. What Did the SEC Say? The Office of Investor Education, which is a branch of the SEC, issued an investor alert this month. It said the attraction of virtual assets has the potential to be used by fraudsters. Specifically, the SEC said that now that there are cryptocurrency retirement funds, it’s important to know about the risks and “fraud involved with these kinds of investments that may not be registered.” Fraud, Fraud, and …

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What are Bitcoin Faucets? | Learn How To Get Bitcoin Faucet Rewards

What are Bitcoin Faucets? Bitcoin faucets are reward systems, which are in the form of a website or app. The process involves the dispensing of rewards at predetermined intervals of time. Individuals are rewarded for completing a captcha filling or any other tasks described on the website and can win prizes for games like “Bitcoin fidget spinner”. Individuals can claim fractions of Bitcoin as rewards, and need to wait a certain period between winning more free bitcoin. Why Bitcoin Faucets? Faucet websites strategically attract many visitors through the incentive to win “rewards”. Most of the faucet websites and apps offer bitcoins as rewards in the form of Satoshi. One Satoshi is a hundredth of a million bitcoin (BTC), which is 1 Satoshi = 0.00000001 ฿. In turn, these websites display advertisements provided by advertisers who are paying the faucet owners to display ads on their websites. The reward system prompts visitors to return to the faucet website to spend time effectively earning Satoshi rewards. As and when visitors click these advertisements on display, faucet owners can generate high revenues. Who Uses Bitcoin Faucets? Bitcoin faucet is a platform for many novice users who are willing to learn about bitcoin and who would like to …

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Crypto Daily News | World Bank Blockchain Bond & Facebook Blockchain

In today’s edition of Crypto Daily News, we’ll cover the World Bank preparing to launch the world’s first blockchain bond and why Facebook executive David Marcus is stepping down from Coinbase. Crypto Daily News: August 10th, 2018 World Bank Blockchain Bond According to CNBC, The World Bank has just made a huge announcement in the crypto space: it has mandated the Commonwealth Bank of Australia to carry out the world’s first blockchain bond. The bond will be called the ‘Kangaroo bond’ and it is referring to the foreign bonds that are issued in Australia in the local currency. According to the World Bank, the bond will be the first in the world to be created, transferred, and managed on the blockchain. “Blockchain has the potential to streamline processes among numerous debt capital market intermediaries and agents. This can help simplify raising capital and trading securities; improve operational efficiencies; and enhance regulatory oversight,” a joint release from the two organizations said. When launched, this Kangaroo bond will be issued and distributed on a blockchain platform operated by the CBA and World Bank. David Marcus Steps Down from Coinbase Wow. This is BIG news. Usually would expect this if there were an impending conflict of …

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