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Top Blockchain Disruptions | Turning The Financial Industry On Its Head

The financial industry has witnessed many disruptions and welcomed new technologies that have radically changed traditional processes. In today’s world of cryptocurrency and digital transactions, a new type of technology is steadily taking over – the blockchain technology. Blockchain has caused many disruptions, but what are the top blockchain disruptions? Blockchain technology is causing financial institutions to take note and consider alternative methods to the traditional processes they have come to rely on, such as online transactions. Blockchain technology facilitates online transactions. These transactions are encrypted and processed over a decentralized peer-to-peer network. Encryption means that the transactions are secure, and the peer-to-peer network means there is no middleman. This is why blockchain transactions are much quicker. Furthermore, as blockchain transactions are kept on a public ledger, the details are available for anyone to see and thus they cannot be refuted. As you can see, this type of online transaction has many benefits compared to its traditional counterpart. Businesses where transparency and honesty are important, such as online casinos, can especially benefit from the unchangeable, publically visible digital ledger that blockchain can provide. Due to the speed, security, and convenience of blockchain technology, many industries have started testing ways that …

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Bitcoin Inheritance Planning – What You Need to Know (and do…)

It’s said that in this world, only two things are certain: death and taxes. While the invention of Bitcoin may cast a little doubt on the certainty of taxes, death remains sadly inevitable. However, one consolation of mortality is the ability to pass on one’s values, knowledge and accumulated wealth to others. When it comes to passing the baton of wealth to loved ones or favored projects, even here some governments demand their cut. Estate or inheritance taxes are perhaps the most odious of all taxes, combining death and taxes into a single grim package and turning bereavement into a financial windfall for the state. Fortunately, Bitcoin offers the opportunity to pass on wealth in an untaxed form, at least until legislators start drawing up crypto estate tax laws… So, while Bitcoin greatly aids the possibility of building multi-generational wealth, doing so effectively requires a well-formulated process and a degree of crypto-financial knowledge on the part of the inheritors. Planning Distributing crypto assets via a third party will only work if the executor of your instructions is able to perform the necessary actions. This means they’ll need two things: Access to all relevant private keys, passwords, seed phrases, exchange accounts, …

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Circle to Seek Federal Banking Licensing With U.S. OCC

Finance Circle Internet Financial Ltd has revealed that it is currently seeking to obtain a federal banking license with the U.S. Office of the Comptroller of the Currency (OCC) in order to expand the services available to the company’s customers. It also hopes to pursue registration with the U.S. Securities and Exchange Commission (SEC) as a brokerage and trading venue, which would allow the company to facilitate the trading of tokens deemed to comprise securities. Also Read: Markets Update: Leading Cryptocurrencies Break Above Bear Channels Circle Seeks to Gain Banking License with U.S. Regulator Circle has announced its intention to become the first cryptocurrency company to obtain a banking license. If successful, the move would allow Circle to hold customer funds in the form of digital coins of fiat currency, in addition allowing it to “hold reserves with the Federal Reserve, to natively access the central-banking system without intermediaries, to directly settle with other banks in other markets around the world through those networks – that can improve the efficiency of what we deliver, it can reduce the costs,” according to Circle’s chief executive officer, Jeremy Allaire. Circle claims to have already conducted preliminary conversations with the Office of the Comptroller …

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#238 Dr. Amrit Kumar & Dr. Ilya Sergey: Scilla – A Formal Verification Oriented Contract Language

Click to download audio version With the rise of smart contract technology, we’ve become acutely aware of the need for smart contract code to accurately reflect the intentions of its author; and for the code to have certain (safe) behaviors in all circumstances. Creating the languages and software tools to enable ordinary developers to write safe contracts has become an intense research endeavor in the cryptocurrency space. Scilla is a Turing complete intermediate level language; inspired from the paradigms of functional programming and formal verification; that makes it easy for smart contract developers to automatically prove statements about smart contract behavior. For example, Scilla could allow a future multi-signature smart contract author to mathematically prove that funds in that contract would always be retrievable by certain addresses (and never get stuck like the Parity incident). The ability to mathematically prove such safety properties of the smart contract has the potential to be an enabling invention prior to widescale use of this technology. In this episode, we are joined by Dr. Amrit Kumar and Dr. Ilya Sergey to discuss Scilla, the smart contract language of the upcoming Zilliqa blockchain. In a previous episode, we’ve already covered the vision and technical approach …

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Bitcoin “Bubble Bursting” Thesis | Joost van der Burgt Shares his Analysis

Is Bitcoin (BTC) a real asset or bubble? This question is a continuous discussion. Economists and market pundits have been closely watching Bitcoin mania; some of them are comparing it to teh Dutch Golden Age Tulip Mania, while a few are showing confidence in its future fundamentals. The debate over the shocking Bitcoin price movement and its ability to exist for the long-term hasn’t settled up. Until now. Joost van der Burgt, policy advisor at Federal Reserve Bank of San Francisco, however, believes that Bitcoin is a bubble which is close to bursting. The advisor has explicitly explained his thesis using five key indicators: Displacement Boom Euphoria Profit-taking Panic The market has already crossed the first three stages of the cycle as the economist thinks the Bitcoin bubble is currently in the fourth stage of the cycle. He claims the displacement stage started occurring during the early age of Bitcoin – which then changed into the boom phase last year. Explaining the boom period, he said, “The ‘boom’ phase is characterized by prices rising slowly at first, but then gaining momentum as more and more participants enter the market, fearful of missing out.” The advisor further believes that the rush …

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Mount Everest Crypto Stunt | Crypto in May Shocked the Community

Mount Everest Crypto Stunt: Most crypto enthusiasts are aware that May was a busy month. There was stuff happening in the space almost every week. Companies announced new partnerships and rolled out new projects. Governments around the globe met to discuss crypto regulation. And some cryptocurrencies plunged on the market for what seemed like the entire month.  Amid the overload of crypto news, there was a devastating exception. Last week, four crypto enthusiasts and three Sherpa’s summited Mount Everest, the highest mountain above sea level. The decision to summit Everest was not one fueled by a desire for adventure, either. It was a publicity stunt, funded by ASKfm.io, a Ukrainian social media startup. In the start up’s search for fame, a local Nepalese Sherpa lost his life.  Crypto in May | The Mount Everest Crypto Stunt The Mount Everest crypto stunt was sponsored by ASKfm. The startup sponsored four crypto enthusiasts to both climb and summit Everest, in order to bury a digital wallet hard drive full of tokens. Earlier this month, ASKfm released a promotional poster for the crypto stunt, encouraging members of the crypto community to look for the Everest planted tokens “if they are brave enough.” Now, …

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How to Earn Bitcoin | Earn Bitcoin Playing Games, Mining, Jobs & More!

Bitcoin is the most valuable digital currency in the world. It’s no surprise many people are looking to earn some. When it was first created, 1 Bitcoin technically was worth $0. It is safe to say that it has since grown exponentially as at the time of writing, Bitcoin’s current value is a whopping $8,500 USD per Bitcoin and its market cap? over $300 billion USD. Ever the volatile coin, however, it’s price can skyrocket upward in a day or drop hundred’s of dollars in a day. If you are looking to get your hands on some read on! How To Earn Bitcoin You can, of course, buy it directly from an exchange, but you can also earn it. Earning and buying are two very different terms; to earn Bitcoin, you must perform a series of (usually digital) tasks or jobs and as a compensation for this effort, Bitcoin is paid or earned. Here are a few ways to do it… Lending Money Much like how a fixed deposit scheme works, one can lend Bitcoin to others on a peer-to-peer Bitcoin lending platform. A profit of 12-18% on the initial investment is returned, along with the invested amount. This is one of the …

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Popular Crypto Exchanges | Which Exchange is for You? We List the Best!

What are the most popular crypto exchanges? Are you missing out on the best? When it comes to crypto exchanges, there are a lot of options out there. You need to choose the one that works best for you. To do this, you need to know what you want. Do you want to be able to exchange cryptocurrency for fiat currency? Do you want a specific crypto trading pair? Knowing what you want will help you to choose the right cryptocurrency exchange for your needs. We’ve created a list of some of the most popular crypto exchanges to help you find the best crypto exchange for you. The best things to consider when choosing a cryptocurrency exchange that’s right for you are safety and security, exchange volume, and exchange fees. For example, ideally, you would want an exchange that is high in volume but low in fees. It’s also important to know that not all crypto exchanges are available in every country and some countries may have restrictions on what you can access on an exchange, these factors alone may be an instant deciding factor for you against a particular exchange. Let’s dig in! Popular Crypto Exchanges: Crypto-to-Crypto Trading In a …

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Either it was removed or you mistyped the URL. Here’s what you can do: Use the search box on the top right to find what you’re looking for Use the navigation bar on the top to navigate through the site Continue to state at this page blankly for the next 10 minutes If you think something’s wrong, contact us and let us know Sign up to our Bitcoin crash course for free using the form below this paragraph Source

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Bitcoin in Brief Monday: Belgium Expands List of Fraudulent Crypto Platforms, Plot to Kill Vinnik Uncovered in Greece

The Daily In Monday’s Bitcoin in Brief, Belgium’s financial watchdog, which earlier this year published a warning about potentially fraudulent platforms promising fast and easy profits to crypto investors, has just expanded its blacklist. In Russia, reports have surfaced of a plot to assassinate Alexander Vinnik in Greece, where he fights an extradition request from US authorities accusing him of laundering billions of dollars, including funds from the hacked Mt. Gox. Elsewhere, Australia allocates budget for blockchain research, and Dubai-based exchange Bitoasis suspends dirham withdrawals. Also read: This Week in Bitcoin: Ghost Scares Markets, Facebook Mulls Coin Belgium Expands List of Fraudulent Crypto Platforms Belgium’s Financial Services and Markets Authority has expanded its list of unauthorized and potentially fraudulent crypto companies operating in the country. The financial watchdog has recently published a new warning noting that “the FSMA is receiving an increasing number of consumer complaints regarding investments in cryptocurrencies [and] once again warns the public about these platforms, often operated by fraudsters who are now resorting to cryptocurrencies to swindle consumers.” The regulator also said that people who have invested through these platforms often complain they never recover their funds. In March, the FSMA published its …

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