Home / crypto (page 5)

crypto

Alternative Crypto Bills Presented in Ukraine and Russia

Economy & Regulation Draft laws employing alternative approaches to regulating digital currencies have been introduced in Ukraine and Russia. In Kiev, a bill that classifies cryptocurrency as an asset, unit of exchange and store of value has been filed in the Rada and it’s supported by both deputies and representatives of the industry. In Moscow, the managers of leading Russian enterprises have prepared their own version of the law on digital financial assets which contains the legal term “cryptocurrency” and differentiates it from tokens. Also read: Cash to Crypto Trade Blooming in Moscow, Reports Say New Crypto Bill Filed in the Ukrainian Rada A bill that leaves crypto-to-crypto trade outside of the scope of government regulation has been filed in the Ukrainian parliament. The draft has been signed by 23 members of the Verkhovna Rada and is prepared in cooperation with representatives of the industry. News about the filling was announced during a crypto conference in Kiev by Ukrainian Member of Parliament Alexei Mushak. The legal document defines the term “virtual assets” and differentiates between cryptocurrencies and tokens, Forklog reported. Cryptocurrency is described as a virtual asset that can function as a means of exchange and can store value. Tokenized …

Read More »

What Bitcoin Did #34 An Interview with Riccardo “FluffyPony” Spagni from Monero & Tari

Published on September 14th, 2018 by DSholla Click to download audio version “Over the last 10 to 15 years there has been an uprising of people who value privacy, not because they are weird and want to go and hide in the woods, ordinary citizens who are not happy with how much data they are handing over.” — Riccardo “FluffyPony” Spagni Interview location: Skype Interview date: Thu 13th September 2018 Company: Tari (and Monero core team member) Role: Co-founder David Chaum said that “Privacy is tied to human potential, an important aspect of democracy”, yet increasingly we are finding our lives are being tracked, both commercially and via the government. We blindly provide Internet giants such as Facebook and Google with massive amounts of data about who we are, what we do and the things we buy. The Cambridge Analytica scandal highlighted how are data is abused and used to manipulate us. There is now an uprising, a growth in awareness of the value of privacy. People are hiding their browsing activity, and Internet giants are under pressure to be more responsible with data. In this episode, I talk to Riccardo “FluffPony” Spagni, core team member of Monero, a privacy-based …

Read More »

Morgan Stanley Bitcoin Derivatives | Ready to Go but When?

Morgan Stanley (NYSE:MS) plans to offer its customers complex derivatives that will be tied to Bitcoin (BTC), Bloomberg reported this morning. The Morgan Stanley Bitcoin derivatives will push the investment bank in the running with its competition currently dabbing in the cryptocurrency space. Morgan Stanley Bitcoin Derivatives According to a person familiar with the venture, Morgan Stanley, one of the world’s largest investment banks, is trying to create ways for its client to get involved in the digital currency market. Institutional investors have shown that they don’t want to actually own any Bitcoin but more so want to trade for or against the price of it. The US bank will deal with contracts that give its investors synthetic exposure to the performance of cryptocurrency, the individual involved in the matter told Bloomberg. The bank is already prepared to offer Bitcoin and plans on launching when institutional client demand is proven. Morgan Stanley investors will be able to go long or short using their so-called price return Bitcoin swaps. The investment bank will charge a spread for each transaction, the person said. >> OKEx Founder Released from Custody and Denies Fraud Wall Street and Bitcoin Many of Wall Street’s biggest banks are …

Read More »

Learn How You Can Do Your Job Better Than A Robot | CryptScout.com

Automation is rapidly taking over the roles that humans previously held in many workplaces, across the economy. From doing Wall Street stock trading to repetitive factory floor tasks to even doing things in hospital operating rooms, the increasing use of robots is startling many workers, and making many others nervous. If you count yourself among them, you might not need to fret so much as you currently do. The reason for that is because the future isn’t likely to be as dour as some paint it to be. You’ve likely heard many of the seemingly doomsday or apocalyptic analyses about where this is all headed. Dire predictions of up to half the workforce getting replaced by automatons, robots, and machines will mean a world where humanity is truly at the mercy of technology. However, there might be actually be a few good reasons why many human workers aren’t going to get put out of work because smart machines take over. First of all, the majority of jobs aren’t single tasks, but rather a collection of tasks. While some of them might be something that can be automated, can all of it? You might have parts of your line of work …

Read More »

Crypto Daily News | OKEx Founder Arrested; Man Loses Savings on BTC

In today’s edition of Crypto Daily News, we’ll cover the details of OKEx’s founder being arrested by Shanghai police and the story on the man losing his life savings after Bitcoin (BTC) crashed. Crypto Daily News: September 11th, 2018 OKEx Founder Arrested The top crypto news today revolves around the latest reports of OKEx’s founder, Star Xu, being arrested for fraud by Shanghai police. Sina News: Star Xu, founder of OKCoin/OKEX, is being investigated by Shanghai police. According to Lu Jun, officer at the local PD, Xu was suspected of fraud accused by investors. SH police has accepted the case. Source (in CN): https://t.co/Y6fIt8Sz49https://t.co/ItVfMZ8ZoD pic.twitter.com/Gquv9n7iKs — cnLedger [Not giving away ETH] (@cnLedger) September 11, 2018 OKEx is the second-largest cryptocurrency by its total trade volume within the last 24 hours. Xu was allegedly involved in a fraudulent scheme regarding the digital token WFEE. While this has nothing to do with OKEx, the founder is a shareholder in a potentially fraudulent company. The news reports confirm that the founder is cooperating with police and if there is no sufficient evidence found, he will be released by authorities after a 24-hour period. According to Nulltx, the company issued the native token WFEE and …

Read More »

Stellar (XLM) Embraced by Visa-Backed Blockchain Company

The Stellar Foundation is a non-profit blockchain project that built the Stellar network. The Stellar ecosystem holds the digital token Stellar (XLM), or Stellar lumens. The for-profit subsidiary of the Stellar Foundation, Lightyear, purchased Chain for around $40 million. As part of the all-cash deal, all of Chain’s existing investors, such as Citi Ventures, Visa, and Nasdaq will all receive a return on their initial investment, Chain’s co-founder, Adam Ludwin, told Forbes. “All of the clients that we have now have effectively shifted from using a traditional database model to using a tokens model, issuing assets on a local environment,” said Ludwin, who is CEO of the newly formed Interstellar. “By partnering with Stellar you can fire an asset to another institution.” Interstellar Lightyear and Chain will both be retired, and Interstellar will employ 60 individuals. Interstellar will headquarter in both San Francisco and New York City. Ludwin will be taking over as CEO of Interstellar and Stellar’s founder, Jed McCaleb, will become CTO of Interstellar. Ludwin told Forbes that StellarX, the trading service created on the Stellar blockchain, will also move under the Interstellar umbrella. StellarX is anticipated to launch in just a few weeks. StellarX states that it is …

Read More »

Bitcoin News Summary – September 3, 2018

Here’s what happened this week in Bitcoin in 99 seconds.  Bitcoin’s hashrate jumped by as much as 35% over the past week reaching an all-time high of 61 exahash. Some speculated that new ASIC manufacturers are powering up their new hardware. The nation of Iran unveiled its plan for a national cryptocurrency, designed to get around Western sanctions. This Rial-backed crypto is similar to Venezuela’s Petro coin, as it’s fully centralized and issued only by the country’s central bank. The world’s most widely-read finance site, Yahoo Finance, announced that it will integrate the trading of cryptocurrencies into its iOS app. Trades will take place via Coinbase or the Robinhood app. News broke of another major security vulnerability in the new Bitfi hardware wallet, endorsed by John McAfee. Researchers claim the new hack can drain all funds from the wallet. In response, Bitfi has issued a statement saying it will no longer describe its service as “unhackable”. “Japan’s Amazon,” e-commerce firm Rakuten bought out a small Japanese exchange, known as Everybody’s Bitcoin, for $2.4 million. Rakuten’s comments indicate that they intend to support crypto payments. Finally, Ethereum developers decided to reduce block rewards from 3 to 2 ETH. The change …

Read More »

Iran Officially Recognises Cryptocurrencies

Economy & Regulation As economic sanctions start to bite, Iran is now looking to cryptocurrencies to ease the damage. The world’s third-largest oil-producer seeks to follow in the footsteps of Venezuela, which has issued an oil-backed digital currency called the Petro. But can Iran succeed where Venezuela is ostensibly faltering? Also read: As Zimbabweans Struggle for Cash, Even the Country’s Only Bitcoin ATM Has Run Dry Iran to Start Mining Cryptocurrencies in Three Weeks Iran has agreed to officially recognize the mining of cryptocurrencies as an industry and the Central Bank of Iran, which oversees foreign exchange and monetary policy, will draft a policy framework for the industry in the next 18 days. The Secretary of Iran’s Supreme Council of Cyberspace, Abolhassan Firouzabadi, told IBENA – a specialized news agency in banking and economy which is affiliated to the Central Bank of Iran – that deepening the use of cryptocurrencies is envisaged to smoothen trade between Tehran and its partners, especially in the wake of renewed US sanctions. According to IBENA, Firouzabadi stressed that mining of cryptocurrencies like bitcoin had “been accepted as an industry in the government and all related organisations..” These include the government’s Ministry of Communications and Information …

Read More »

The Crypto Show Cody Wilson & Christopher Greene On KFNX

Today we kick off the show talking about the fake news of Alex Jones Pirate Radio FCC take down. Which is a complete media fabrication started by the Austin American Statesman. Christopher Greene of BitcoinRich.com joins us in studio to add his local flair as a Phoenix area crypto evangelist. Finally the second half of the show Cody Wilson joins in to fill us in on the latest with multi-state retaliation for his victory over the State Dept. regarding gun files on DefCad.org Cody is currently raising funds to battle these predatory States in court powered by Bitcoin and a booster shot by Bitcoin.com Views: 2,661 Source

Read More »

Bitcoin ETF Proposals Rejected | SEC Still Has No Faith in Crypto

The US Securities and Exchange Commission (SEC) has rejected nine applications for Bitcoin ETF proposals. The SEC published three separate orders yesterday, highlighting the rejections from the three different applicants. SEC Says No to Bitcoin ETF Proposals This ruling is a blow to Bitcoin bulls who’d hoped the products would have provided a breakthrough for institutional adoption. Last night, the SEC published its rejection of two proposals from ProShares, two from GraniteShares, and five other products from Direxion. The rejections come just one day ahead of the deadline stipulated for a pair of Bitcoin ETFs submitted by ProShares. Proshares was working with the New York Stock Exchange (NYSE) ETF exchange NYSE Arca. The SEC said the proposals did not do enough to show they were “designed to prevent fraudulent and manipulative acts and practices.” All applications denied were directly linked to Bitcoin futures contracts. The SEC said that none of the nine applications had enough information to show that the futures markets are of “significant size.” >> SEC ETF Delay “That failure is critical because, as explained below, the Exchange has failed to establish that other means to prevent fraudulent and manipulative acts and practices will be sufficient, and therefore surveillance-sharing with …

Read More »