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Showing posts with label Crypto News. Show all posts
Showing posts with label Crypto News. Show all posts
Securities and Exchange Commission has been dictating terms and conditions related to cryptocurrencies however, with time, aspects have been modifying for the better. To add to the list of Regulatory Authorities, another U. S. Sanctions Laws came into existence. This Sanctions Law is from the Office of Foreign Assets Control or OFAC of the Treasury Department.


A Watch on Cryptocurrencies

Office of Foreign Assets Control is in full form as it has been taking charge to the way crypto enthusiasts work when the questions involve cryptocurrencies. It was just last week that two Iranians were sanctioned related to offenses committed for cyberattacks on the U. S. Networks. So, you can see that a strict watch is now in action, clearly mentioning: follow the rules or face consequences!

What can the Office of Foreign Assets Control do?

OFAC has been given the authority to ‘impose sanctions’; these would, however, be only related to the ones which seem to be a threat to the ‘National Security of the United States’. In addition to this, whenever, a ‘primary sanction’ has been imposed then it would mean: people from the U. S. can by no means transact either directly or for that matter indirectly with the so-called sanctioned party.
Another point to be taken note of is: sanctions from Iran are on the rise for being in the ‘prohibited list’; while a few transactions are under the list of ‘prohibited sanctions’ in Venezuela, these generally relate to ‘debt transactions’.


Note: In case there is a violation of sanctions then they stand to be either a ‘criminal or a civil offense(s)’. Due to such a nature, very high fines would be collected from the lawbreakers!

OFAC and its Take on Cryptocurrencies: Regulations on Cryptocurrencies

Crypto Industry Stake Holders had requested the Office of Foreign Assets Control to clarify U. S. Sanction Laws over time, however, there was not any response to the requests. But this was not for long because somewhere in March, OFAC barred all citizens of the United States to stay away from transacting with Petro!

Petro happens to be a cryptocurrency which the Government of Venezuela had launched, turning Petro to be one of its kind!


To assist people in understanding rules and regulations laid down by the authorities at OFAC, it has been updating FAQs and clearing queries being raised over time. Well, such a step indicates that there are going to be further developments in the way cryptocurrency regulatory works.

Apart from this, it is better for all individuals involved to ensure that you take ‘compliance’ a little more seriously because if this is not done then there are going to be negative repercussions at the end. Thus, it is better to be safe than sorry later on.

In order to ensure that there is clarity, all crypto enthusiasts can go ahead and read up a little more on the way ‘compliance rules’ work besides getting to know what exactly is a regulator’s terms and conditions for cryptocurrency transactions.

Read Also: Wings W3 A Game Changer in Mobile Industry

Cryptocurrency Market Is Rising Again

It was only yesterday that we reported about sudden changes in the way Bitcoin worked but as you can see there can never be anything which one can be sure of. And so are cryptocurrencies’ latest ‘bull run’ that has brought some relief to investors of Bitcoin!

Stabilize
Of course, stabilize is the correct word here because right from October of 2018, with the unstable market around, Bitcoin still maintained its status quo. Difficult to believe but that is how Bitcoin works. And when you look at the picture, you understand that Bitcoin has been trading some where around $6,400. This is certainly a positive sign for investors say some experts.
On the other hand, Ethereum, as well as Litecoin, move around $211 and $51 respectively. Agreed that there was indeed one point of time when Bitcoin touched its all-time low, however, that was way back in the month of June. And as per reports, Bitcoin in June was around $5,900 which turns out to be a few hundred less than the current status.

Binance CEO’s Views

Changpeng Zhao, CEO of Binance has even reported having said that there is going to be ‘bull-run’ of cryptocurrencies and it shall not take a lot of time as well. Binance is one of the top Cryptocurrency exchanges across the globe and if something to this extent comes from the CEO of it then there are a lot of chances that Bitcoin along with other cryptocurrencies shall see their rise again!
Bitcoins and Blockchain had been made to change the way decentralization worked; it did make quite a stir among people about the way it worked and so it was a time that it caught the attention of people (the way it did by having numerous investors from various sectors of the world).
Things, however, did not work as per the plan as some Governments did not completely take cryptocurrencies on their anvil.

Predictions or Reality
As moments pass, it becomes all the more difficult to take a final decision as to what would be right and what is not supposed to be correct. To clear this air of confusion, Llew Claasen, Executive Director of Bitcoin Foundation has been reported saying that Bitcoin shall hit $40,000! Now, this is not a small sum?! Adding to this statement, Claasen said that it shall be by the end of this year that Bitcoins hit this mark.
When asked about other cryptocurrencies, Claasen’s only answer was: (that) about 90% of cryptocurrencies might fail. Reasons for this failure could be lack of risk-taking ability, most managements of Cryptocurrency projects may not have.

At the moment with 5 known scams of Cryptocurrency, the list is going to be an endless one. Situations are indeed volatile, major reasons being: it is tough to predict the future of a Cryptocurrency for a limited period of time. Hence, this leads to varied statements about pros and cons of investing in a certain department.
Bitcoin, on the other hand, seems to be a store of a kind for value; it is also being regarded as an asset or an aspect most shall bank on.

Readers, stay tuned for more updates on Bitcoins and cryptocurrencies future right here.
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Switching to cryptocurrency payments for commodities gives the impression of being an easy task that anyone can do. More so because these days process for paying in cryptos has gone to being a simple one. Well, starting this week, KFC shall be accepting Dash Cryptocurrency Payments however, currently, it is only limited to its store in Caracas, Venezuela.


Plans to Extend Dash Payment in Food Outlets

DASH Payments will be accepted only at Chacao Municipality store in (Caracas) Venezuela however, there are other KFC outlets wherein Dash payments would be acceptable after a while. All of this was possible due to Dash Merchant Venezuela, an organization assisting merchants in Venezuela with Dash payments.


Training is of utmost importance here and hence, creating awareness is necessary besides putting in to use a currency having store value plus ease of use. Brains behind KFC Venezuela’s acceptance of DASH payments is Alejandro Echeverria and his team.


Echeverria turns out to be the Co-Founder of Dash Merchant Venezuela along with his team managed to get a giant like KFC on board thanks to advantages Dash offers. Apart from this, there is Dash-Android Branded Kripto Mobile; these phones will have Dash Wallets installed for an individual to use.

If you look at various banks across the world then you can see that there are support systems or centers, on the same lines there is a support center for the Crypto World. This also is one of its kind in cryptic industry today.

Ensuring that things do not go wrong in any way, applications like Uphold and Bitrefill are going to be installed prior itself in order to have some amount of Dash in them.

Reach of Dash in Venezuela

Venezuela and its people are steadily adapting to the concepts of cryptocurrency payments and Dash cryptocurrency is one such crypto coin that has not fallen so far. Instead, people have opted for Dash more than anything else.


As per the Co-Founder of Dash Merchant Venezuela, there are about 2,445 merchants who have okayed Dash as a mode of payment for their business in Venezuela. These merchants include food trucks to family businesses at the moment.

Dash Text Launch

Furthering its efforts on promoting cryptocurrency payments, Alejandro Echeverria has set up its own Dash Text that was launched in November of 2018.
Some of you may be even aware of the fact that in Venezuela, most people do not use smartphone therefore, as an alternative came in Dash Text to reduce connectivity issues. When an SMS based cryptocurrency transaction service is in action then there would not be any requirement of internet or a smartphone.

KFC on the Move with Cryptocurrency




KFC has to a certain extent welcomed cryptocurrency and therefore it was about time for them to include Dash post Bitcoin payment (that happened in KFC Canada in January of 2018). On the other hand, food joints such as Subway and Papa John have also showed interest in crypto payments in their outlets in the past so it was natural for other restaurants to step in to the business of crypto merchant payment. However, it is to see which shall fare well: Bitcoin Payment or Dash Payment?
Blockchain has inched itself closer to most of the departments it can. Even recently we reported of how many official departments are taking advantage of the latest technology through which records can be maintained in an easy manner.


Interestingly, blockchain has not refrained its use to the West because even one of the South Indian Governments has taken forward blockchain thereby bringing itself up to date with the techniques used. Usually, in Andhra Pradesh Government, they used blockchain technique to maintain Land Records besides Vehicle Titles while in other places research is still being conducted regarding usage of blockchain.

Also Read: 

AP government considering blockchain


How can Facebook be Left Behind in Use of Blockchain?

Of course, Facebook comes across as those platforms wherein they end up utilising latest technologies. Hence, it was about time for this giant to step in to the world of blockchain! It was first reported by some sources in October that Facebook plans to bring in both Blockchain and Cryptocurrency in its platform.


There was however, nothing clear about the way it would take this forward. What had started as a rumour appears to be turning true with recent events. Well, for your information, there have been job listings in LinkedIn related to Software Engineer but in Blockchain domain!

If reports are anything to go by then indeed there is something cooking in the house of Facebook which remains unclear at the moment. Barring a few exceptions, it may be noted that people are being recruited at the Social Media Giant for Software Engineer’s Post, however, their roles have not been defined clearly or sources may go on record and say that their roles or for that matter purpose of bringing them to Facebook has been hidden.

Use of Stellar Network in Facebook Blockchain Collaboration

Though unclear about Facebook’s intention of blockchain usage in its platform still some sources hinted at Stellar Network. This network is in its initial stages which is to be developed in near future.
When recollecting past reports, Facebook considered Blockchain Technique way back in the year of 2016.


Since then there were experiments for turning Facebook in to a more secured platform. To add to the speculations, Mark Zuckerberg, Co-Founder, Chief Executive Officer and Chairman of Facebook revealed of his plan to ‘fix Facebook’ somewhere in January of 2018.
Plans included ‘encryption’ for the most part!

What is Facebook Planning to do with Blockchain?

In crypto world, blockchain mostly deals with payments but at Facebook, this latest technology shall hold more ground to ensure that it can be dealt in a professional manner. For example, ‘providing foundation’, by doing so there would not be a set limitation to the number of opportunities that lay ahead.

No word from the offices of Facebook

There has not been any official word so far from the house of Facebook but speculations are rife regarding integration of blockchain with social media platform like FB.

Let us know if you would look forward to a FB Blockchain collaboration and what shall be its effects in comments below.


Also Read: 

Stablecoins seem to take over most of the cryptocurrencies and we can say this because Cryptocurrency exchanges are moving towards roping in their stable coins in their exchanges. For starters, stable coin is another set of cryptocurrencies wherein price volatility effects are minimized to a great extent.


Bitfinex and Ethfinex Back USD Stablecoins

Recently, there was an announcement made according to which Bitfinex, a Cryptocurrency Exchange along with Ethfinex have decided to extend support to four more stable coins in their trading list. These stable coins are supported by USD and this is the reason for both Cryptocurrency trading exchanges to enter in agreement with them.

Who Can Utilize New Cryptocurrency Trading Facilities?

New Cryptocurrency Exchange Trading facilities have been specifically designed keeping in mind all the Crypto Traders out there. It would indeed be easier for them to deposit as well as withdraw a stable coin.

Another aspect attached to the list of perks - ‘trading verification status’ is never going to have any affect on trading. Nevertheless, the whole set up of not only Bitfinex but also Ethfinex is that it is only open to the ‘verified traders’ and that to only in their platforms.

Stablecoins Available in Cryptocurrency Exchange

Currently, four stable coins have been included to the existing list of trading and they are as follows: first one being USDT/ Tether, second one is True USD or TUSD, while third one in this list is Gemini Dollar aka GUSD whilst fourth one is none other than Paxos or PAX.


With such a combination of coins coming together on a single platform, you may be surprised to witness that this platform still remains to be rationalistic as far as it can make itself to be.
In a similar way, other Cryptocurrency exchanges have begun to take forward the tradition of including stable coins in their list of crypto trading thereby giving an option to crypto enthusiasts to select from numerous listed trading exchanges.

Is It?

There are however, other things that have to be taken a note of, one of them being ‘unbiased meeting place’. Such a system shall indeed be an attraction that people would look forward to. Introduction of ‘direct USDT FIAT Trading’ in November ensured that there is going to be a rain of trading pairs which are helpful to many.

Interestingly, there is EURT / EUR Trading Pair apart from USDT / USD Trading Pair on the Bitfinex Platform that gives an edge over others in this competitive world of Cryptocurrency trading exchange.

Some of you may even be aware of the fact stating: exchanges tend to put in to use ‘stabilized tokens’ in order to keep these in the ‘reserve state’. In simple words, reserve would mean that an individual does not have to hurry tokens in to fiat thereby cryptonians do not have to worry about any related situations!

Finally, with Tether aka USDT coming on to the platform of Bitfinex as well as Ethfinex, it is beyond question that crypto market is going to move forward in near future.
Latest reports on cryptocurrencies is here and one of these reports relate to ‘keep crypto enthusiasts posted about the developments of ICO’ connected to the Singapore Central Bank!

Well, for the starters, MAS or the Monetary Authority of Singapore has begun to update its guide associated with those businesses which wish to ‘raise capital through Initial Coin Offerings’. It indeed comes as a news most waited because now people would be in a position to understand the minute details in a better manner.


New Payments Framework: Monetary Authority of Singapore

Before making it known by all regarding the benefits of utilizing Initial Coin Offerings, Monetary Authority of Singapore had introduced ‘New Payments Framework’ a draft which now seems to be complete with new rules added to its pages. It is therefore advised to all the readers to go through this article and then make a note of the points listed here as they shall serve you in the longer run.

What does Singapore Central Bank have to say about ICOs?

A list of instructions has been put down in black and white so as to enable individuals to have a grip on what exactly does the Singapore Central Bank have to tell crypto enthusiasts. For the beginners, Anti Money Laundering or AML as well as Countering Financing of Terrorism or CFT policies are to be taken care of and this is the first and foremost aspect to be taken a note of.

Every individual who gets involved with an ICO, so as to enable raising of capital for a business will be hereby addressed as an ‘intermediary’. Hence, it becomes a necessity for all intermediaries to adhere to the laws laid down by the authorities.


Another of the important aspects here is that all people who are a part of ‘raising capital for business via Initial Coin Offerings’ must have a license else they would have to face dire consequences. As an example, it is better for an ICO issuer to get Capital Markets Services License while MAS or the Monetary Authority of Singapore has to approve besides acknowledging Digital Asset Exchange. Or for that matter, Financial Advisory License is to be given to the Financial Advisors.

Only when these rules are followed, will MAS approve transactions whilst permitting businesses to go ahead with their plan of raising capital through ICOs! Another of the rules to be noted is: it is not a problem if tokens are not ‘securities’, however, they have to be under the Anti Money Laundering and the Countering Financing of Terrorism Acts.

With above stated changes coming soon, it is now to see as to how would these impact on the way ICOs worked in a country like Singapore. Till then remember, the new Payment Services Bill or PSB in Singapore has allowed for bringing ‘digital currency’ under laws for both international as well as domestic money transfers.

Interestingly, the new Payment Services Bill of Singapore has made it possible for digital currency to be working under the Foreign Exchange Transactions! This news is certainly one of those that cannot be given a miss.
Jay Clayton, Chairman of U. S. Securities and Exchange Commission has indeed pointed out some of the key features that the Chairman thinks benefitting to the current situation of Cryptocurrency market and the world revolving around cryptos especially Bitcoins, a cryptocurrency that has been quite volatile in the past few weeks specifically.


Bitcoin ETF (Exchange Traded Fund) to Take Some More Time

Recently we had reported that the Chairman of Securities and Exchange Commission from the U. S. is pondering over having an exchange traded fund in some time. However, for this to become a reality, a lot of security features are to be looked at carefully before finalizing any aspect because it is without any doubt going to have effects at a later stage as well.



Initial Coin Offering Start-ups Must Check with SEC at the Earliest

All the ICOs or the Initial Coin Offerings if checked with the U. S. Securities and Exchange Commission quickly then there would not be any penalty put on these ICOs. Hence, it is advised that start-ups check with SEC beforehand rather than inviting trouble at their door step.


Already two start-ups have been fined or you may also say issued ‘civil penalties’ by SEC as they had not registered in a correct manner as it was required to.

Happy to Help: Yes, Jay Clayton, the Chairman, made it pretty clear that it did not actually have any kind of trouble to assist crypto startups. However, these start ups have to be in the United States only.
Another thing to be looked at carefully is the fact that these start-ups may indeed have to check for a method to ascertain a fact: ‘get in compliance with the law’. Some people think that doing so (‘get in compliance with the law’) might be a bit difficult as well. On the whole if all rules are followed then there is not going to be any kind of trouble whatsoever (only when rules are followed).

Regulated Exchanges are need of the Hour

When we look at the current picture, we can see that Cryptocurrency exchanges now a days are never in the regulated format. Hence, problems sprung up every now and then. Issues that these crypto exchanges face include ‘price manipulation’.

Therefore, as a result and as an answer to this, Jay Clayton felt that it would be a plus point to have ‘regulated exchanges’. With regulations of exchanges, price manipulation activity would also come down. Price manipulation is one of those culprits that is eating away at Cryptocurrency exchanges thereby leaving investors with confused questions.

The other side of the coin hints at: will Bitcoin be one of the leagues here? While some experts believe to a great extent that it would be next to impossible to have Bitcoin regulated with the way it has grown over the years.

It is now to see what would happen to the crypto world with the United States Securities and Exchange Commission taking center stage in all aspects.
When AWS or the Amazon Web Services released, Amazon was far from behind to use Blockchain. For the starters, AWS is a platform that Amazon provides and it is an amalgamation of different things put together to make itself: an ‘evolving cloud computing’.


A Different Take with Amazon Quantum Ledger Database

However, Amazon could not be left in the league of Blockchain kind of technique as it has taken the world by storm while easing out many problems that organizations face. With Amazon Quantum Ledger Database aka QLDB launching today, Amazon has finally got itself a completely managed ledger database!


QLDB tends to execute many transactions at the same time thus making over all process an easier one. An individual shall witness transparent nature, easy to use and speed as its most important aspects whilst there is also going to be automatic ‘scale up and down feature’. Users will be able to make use of it at any time they wish to.

Another feature that has caught the attention of people is the simple fact that this new ledger database has been designed in order to have transactions verifiable in a cryptographic manner. To ensure that everything is managed appropriately there is a central trusted authority to look after all portions.

Managed Blockchain Service by Amazon

This turns out to be another service which Amazon has announced along with the quantum ledger database. QLDB is going to be in fast track mode apart from having modifications done in cryptographical chained manner.

On the other hand, Amazon Web Services Managed Blockchain product is the piece that is going to be the one which is permitted to operate Quantum Ledger Database.


With ‘Amazon Managed Blockchain’, you witness a service that is going to allow set up besides managing of ‘scalable Blockchain network’. All of this is done in a matter of seconds with a few clicks.

Due to such a set-up, most of the applications that run behind numerous transactions would vanish in a jiffy thereby creating an automatized system. An automatic system is also responsible for tracking operational metrics and these can be either storage of resources or usage of either memory or compute’.

There is also an option of handling of certificates that was not possible up until now. Most importantly, a characteristic most liked is viewing trends and at the same time having a deep analysis of how the network activity is outside a given network!

Amazon has indeed gone a step further to bring in blockchain in to the picture but in a little different manner and it is yet to see how would this effect on the whole system. Reasons being with quantum ledger database by your side, there is an option of checking (read managing certificates) apart from the ability provided to invite new users to this network!

And so, Amazon has announced two path breaking techniques that may turn tables for good for the giant!
Bitcoin Futures does not look like taking a downhill drive because NASDAQ, the American Stock Exchange, second largest in the world, has some plans for it. If reports are anything to go by then the American Stock Exchange is in no way going to leave Bitcoin Futures as it is still in full force to keep launch of Bitcoin Futures as per the plan.


Bitcoin goes down but not plan to launch Bitcoin Futures

Though Bitcoin in recent times has seen downfall on almost continuous basis still it did not leave an impression on NASDAQ. Reasons for this being, team at NASDAQ plans to launch Bitcoin Futures somewhere in early 2019.

Work is in full swing for the launch to be a timely one as team responsible for this at NASDAQ is working on nitty gritties of the launch and it has already come to terms as to what are the missing aspects. With this information in hand, team at the second largest stock exchange is constantly upgrading its launch in order to meet standards laid down by none other than the Commodity Futures Trading Commission aka CFTC.  For the beginners, CFTC is the main swaps regulator back in the United States.


Agreed that there many plans were there for Bitcoin Futures to be launched somewhere in the mid of 2018 however, all aspects could not be placed during this time and thus the delay was about to be caused. However, with passage of time, NASDAQ has worked out its plan and it is in full swing to release one of the best versions of Bitcoin Futures in present day.

It is now to see what would be its affects or how Bitcoin Futures is going to be affected by the volatile pricing of Bitcoins witnessed now a days in crypto world. Bitcoin pricing has indeed shaken the world to the core bringing about a series of changes in the way people in general and investors in particular looked at Bitcoins.

NASDAQ not affected with Bitcoin Pricing

There were also some reports in the market that stated that the American Stock Exchange is not perturbed with the way Bitcoin’s world changed almost overnight! (or should we say almost a few months?!)

Cryptocurrency Trading may go in for a Change

Yes, you have read it correctly, with NASDAQ’s decision becoming a reality, it is sure to make some changes, major ones to the world of Cryptocurrency. Although majority of these modifications would be seen in the Cryptocurrency Trading World!

Due to this and similar other reasons, Bitcoin Futures is being planned to be launched in early of 2019 and most probably in Q1 of 2019! Another of the key points here is that there are a lot more chances of having NASDAQ’s own Bitcoin Futures Contracts in Q1 so that nothing goes wrong at the last moment with inclusions of having the latest techniques in place so as to be enable to cater to the upcoming market.
Crypto exchanges in Taiwan are going to have some more new strict rules targeted to prevent illegal transactions under the garb of digital currency. This news comes forth post new policies being added to ‘AML or the anti-money laundering policies’ that Taiwan has
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It was not until this year that the Government of Taiwan okayed for digital currencies because it was still perplexed with the way regulation of Cryptocurrency market happened in Taiwan along with the Blockchain sector. However, things have changed quite a bit with the latest Money Laundering Control Act and Terrorism Financing Prevention Act coming in to action.

Legislative Yuan approved this recently drafted act and it also has been given the authority to ban transactions in case they are fraud. All of this is possible due to the fact that Legislative Yuan comes under one of the financial branches of the Government of Taiwan known as FSC aka Financial Supervisory Committee.

Regulations of Cryptocurrencies in place

With passing time, it looks like the Taiwanese Government is moving towards an arena wherein they can regulate and have proper control with the way local Cryptocurrency market works. The new system is also inclusive of the Blockchain space because their sole motto is only to prevent frauds related to or having involvement of cryptocurrencies.

Ministry of Justice, Taiwan releases statement

Even the Ministry of Justice, Taiwan has released a statement specifying these recent amendments to the anti-money laundering bill so it does not come as a surprise that the Taiwanese Government is working its way to make a good foothold with the way cryptocurrencies worked.


Related departments from the Government of Taiwan are putting their efforts to work for the better while meeting the standards laid down by International Anti-Money Laundering.

Centre for Blockchain based Businesses

Taiwan has slowly been building itself in to a center for Blockchain based businesses, so, when these things are in line then it is necessary that Taiwan and its government makes itself up to date with all aspects of cryptocurrencies. On the other hand, there were also reports for Taiwan to become one of the centers for Initial Coin Offerings also known as the ICOs!

New Crypto Laws in Taiwan

To ensure that everything is in place, Taiwan, like you read above, has modified the existing AML or the anti-money laundering law apart from CFT or the counter-terrorism financing law. Due to the recent alterations made, it would now become all the more necessary for crypto exchanges to give more information to the Government of Taiwan.

Another aspect to be carefully looked at is the way: compliance rules are to be changed by the crypto exchanges. With the Financial Supervisory Commission coming in to action (as they are responsible for creating laws in Taiwan), it is to see how would these laws impact overall Cryptocurrency Exchanges in Taiwan.

While at present, the only aim for Taiwan is to make itself more aligned with the way cryptocurrencies work besides changing crypto exchange markets for the better.
Bitcoin’s price went below $4,000 sending shock waves across the crypto world. Earlier, some reports stated that bitcoin would not fall below $4,000 however last weekend saw something else with cryptocurrency collapse worsening and still coming back a little.


No Stability in Digital Currency Prices

Some experts believe in the saying that nothing is constant and hence whatever is happening to digital currency cannot be said for sure, as in what shall be the exact price of cryptocurrencies and Bitcoins in particular.
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Bitcoin Pricing Analysis

Till the previous weekend, bitcoin prices were plunging down to as low as $3,456 and thus constantly being a reminder that bitcoin has fallen and there are bleak chances of it to gain back whatever it lost.
While on the other hand, Cryptocurrency due to its Blockchain Technology seems to be a viable option for many departments. One of them being, the Ohio State Government, first of its kind which has allowed for bitcoin payments for business tax payments!

This announcement was though welcomed by some sections of the society still many felt that with cryptocurrencies over-all value taking a dip what will happen to bitcoins? However, the State Treasurer from Ohio Government, United States put across one point: cryptocurrencies have been built on a platform wherein they end up being transparent and more secure thus eliminating any risks related to hacking or frauds!

With Bitcoins being allowed to be used as a payment method in the State of Ohio, 23 businesses are under its radar now. Next thing one shall be interested in is the fact that how and when would Bitcoins and other cryptocurrencies rise?

As for Ripple Price Analysis, it has remained steady above 35 cents and it is to see if it touches 60 cents!

Rise in Bitcoin Price (Analysis)

Till midnight of Sunday, Bitcoin had slid by 4.5%, a number none of the crypto enthusiasts expected but a few were aware that this might happen. However, by 7:50 am, things started to change as Bitcoin had regained most of its losses but still it is in the red!

In Stephen Innes words, Head of Trading for Asia Pacific at Oanda Corp, it is true that bitcoin has seen a lot of instability in the past few weeks and this was not the case last year. In case bitcoin goes further down then there might be a case for people looking for exits.

Still Unsure of Bitcoin Prices

With two think tanks setting up their own camps: Bitcoin Cash and Bitcoin Cash SV, this has impacted the price of bitcoins to a great extent. Experts from some sections of the crypto think tanks feel that we have to wait while many others are still unsure of what would happen to cryptocurrencies, an advanced version of currencies in today’s world.


With a great technology in place called Blockchain, cryptocurrencies are indeed a secure form of mode of payment still will they stay for longer or will they break down mid-way is the question that does not get answers for.
ICO seems to have started moving towards various departments as well and the recent one to join this list is none other than the Portuguese Football: ‘Sporting Ponders’. Though still it is in the initial stages, there are talks about putting ICO or the Initial Coin Offering concept for good use for the Portuguese Football Club to raise funds.


So far, there has been only traditional methods of raising funds but with passing time, it turned out to be somewhat difficult to raise funds specifically through bond issue. The same bond issue is going to mature on the 26th of November and thus it was time to look carefully at different prospects before coming to a final decision.

Gross Annual Interest Rate

Generally, the bond issue that Sporting Clube de Portugal has, gives a 5.25% gross annual interest rate to the investors. Due to this interest rate, it raises about €30 million or $34.2 million.
Sporting Clube de Portugal requires funds because it is on the verge of repaying investors for the bond issue that is due to mature on 26 November. To meet the set target, the Football Club has already raised about €26 million or $29.6 million.

This amount was brought together after an increase in subscription orders that the team at Sporting Clube de Portugal had put up with. However, amount collected so far falls short of the actual amount hence it was decided to look in to other options that could help in raising funds.

Vice President of the Football Club, Francisco Salgado Zenha stated that the board is meeting often to discuss the possibility of bringing in Initial Coin Offering as an alternative option. There is nothing concrete in these discussions yet because all corners are to be checked properly before coming to a conclusion.

One conclusion that seems to have been made so far is that ICOs definitely have great potential in the sporting arena.

Other Clubs who are part of ICO

Portuguese Football is not the first of its kind to join the league of ICO in sports as there have been other clubs who entered this field a while ago as well. Some of the names inclusive of this list are ‘Brazilian Football Club Avai’ who launched not only its own ICO but had also raised about $20 million!


Similarly, Paris Saint Germain, French Soccer made it clear that it is also having its own cryptocurrency; apart from Newcastle United and the Cardiff City are in talks with SportyCo for assisting sporting brands to launch their decentralized sports investment plus funding platform. SportyCo was also responsible for Avai when Avai set to launch its tokens!

An Easy Walk for Sporting Clube de Portugal?!

It does not seem to be a cakewalk for the club to get initial coin offering start however, Securities Market Commission or the CMVM of the country has informed all organizations to clarify ‘judicial nature of tokens which are going to be issued’.

With ICO coming in to picture, it is to see if cash crunched sporting clubs get some relief.
If we go by the latest reports, then it says that there is a new crypto exchange, which is going to be 100% owned by the users. Transaction costs are mostly on the rise affecting both traders and investments in a certain way. Therefore, it was about time for a hybrid community to have sprung up and showcase a ‘digital asset exchange’ benefiting every person involved in it.


What is this Digital Asset Crypto Exchange?

The all new user owned crypto exchange is being built on a democratic exchange platform, this is what gives itself an edge over others. Users can by putting in to use ‘DAREX Hybrid Crypto Exchange Platform’ would be able to trade Securities as well as Utilities.

Trading like these lead to transactions thereby leading to revenue that is going to be shared by Token Holders. In other words, it shall be one of its kind especially because profit sharing from transactions was never a part of this game.


Darico Community plans to share revenue through DECS or the Darico Exchange Community Shares. Most importantly, a decentralized structure has been set up on the basis of a centralized exchange thereby establishing a great amalgamation of the two while still being a decentralized one!
Due to such a system that DARICO comes with, it ends up being all the more useful option for many investors as well as traders, reasons being till date there has not been a single platform wherein an individual could deposit, withdraw or even trade top cryptocurrencies from the world.

Another aspect that is to be made a note of is a simple fact: Token Holders to get Voting Rights, rights that give them a benefit through which they can check progress of user controlled crypto exchange platform.

Though it seems to be a far-fetched idea, however, when implemented in a proper manner then it is going to set new records that have not been seen ever before.

Launch of DARICO Ecosystem

As per the reports, DARICO tokens are going to begin its distribution from the 10th of January 2019, these tokens shall be distributed only to the community members though. There are also plans to permit users to transfer Fiat, this shall be another added advantage for users. Reasons being they can utilize this opportunity of cross trading with the assistance of bank accounts and cards.
Cross trading allowed in this system could be from any Fiat currency such as Euros, Dollars or Pounds to that of Cryptos. To ensure that things fall in to place and there should not be any hitch in its working, there is a coming together sorts of thing between Darico and Polymath.


When both of them come together then companies may also launch ‘securities tokens’ on a Blockchain based platform. Finally, what can work for the company is a simple fact: make a transparent business model’ through a monitoring system besides utilizing ‘failproof cold storage’ made solely for protection of funds present on the exchange.

Quick, transparent, reliable, fiat to crypto user owned crypto exchange is DARICO’s Hybrid Exchange!
Digital Currency slowly turns out to be a more viable option than other currencies in place. It was hence a natural step for companies to take forward this kind of currency.


A Japanese Shipping Line to Launch its (Own) Digital Currency

Yes, you have read it correctly, Nippon Yusen K. K. or NYK is one of the largest ‘shipping line’ when it comes to ‘Sales Department’. Some sources have also reported by saying that the digital currency to be introduced by this firm is going to be used only by the crew members.

There is a simple reason for providing a digital currency of its own, reasons being individuals or the crew members can manage money without any troubles in Nippon Yusen K. K. When calculated the revenue from 1 April to 30 September 2018, it stood at 915.6 billion yen. With a staggering $8.1 billion consolidated revenue, NYK Group went a step ahead to introduce its own currency.

This idea is however in its initial stages and therefore nothing much can be revealed about it presently. There is little information that these sources are aware of, some of this information include:


·         1)  New Digital Currency by Japanese Shipping Firm shall be pegged against dollar.
·         2) This would mean that irregularity in value is not going to be a problem.
·         3) Payment in one’s digital currency is a great method to cut down costs and trouble taken during            transferring amount to the maritime workers.

Work in Progress with Banks to Offer Such Services

Nippon Yusen K. K. is working with not only software developers but also is in talks with banks so that launch and use of their new currency would not have adverse effects. Conversion of the new currency while putting in to use ‘shipboard communication system’ are successful at the moment and so when a few more technological inputs are given, it is certain to have positive effects on the overall system.

There is one question though that has taken individuals by surprise as well as put their thoughts on a racing track: it is none other than the only question: ‘will this digital currency be of any help to a company as large as Nippon Yusen K. K.?’

Agreed that many other companies are slowly moving towards the new age trend of digital currencies still it has not been completely accepted by many, some experts feel that if every single thing is worked as per rules then there are chances for such currencies to rise steadily with time.

Blockchain or No Blockchain?

Some of you may be knowing that digital currencies these days have been associated with Blockchain because it is due to these blockchains that cryptocurrencies work. But it is not clear yet as to what technology shall this shipping line put in to use; will it be blockchain based or another technique on similar lines?

One aspect is clear though and it is that customization is key to establish Nippon Yusen K. K.’s Digital Currency in order to serve its purpose.

Time may have come now that people are switching to digital currencies but still, it is a long way to go.
Koi Trading is going to witness some of the best investments in recent times that too from ‘Binance’! Well, it has been officially announced today that Binance Labs would be investing a significant amount in a Crypto Trading Desk and it is none other than Koi Trading.

What is Koi Trading and Why is Binance interested in Investing in It?

‘Koi Trading’ targets itself to become the best ‘compliant global option’; basically, it will be made only for ‘Private Cryptocurrency Liquidity’. In addition to this, Koi Trading has made itself helpful in domains such as Data Science, Compliance Consulting Work and Quantitative Research among other similar stuff!


‘Compliant’ is a word that is close to Koi Trading because it aims to have not only Cryptocurrencies but also Fiat come together in a ‘compliant way’. With its network originating in San Francisco, CA, Koi has its OTC Trading Operation located (read headquartered) there itself.

Team at Koi Trading

CEO and Founder of Koi Trading, Hao Chen went on to state that there is an experienced team from Sales, Trading and similar backgrounds who would be putting their brains together to ensure that the Mission that Koi has set itself to would become a reality. And to assist one in this path is Binance’s Funding!

Another interesting factor here, if you have noticed is that, Binance also comes along to be possessing a ‘broader vision’ thereby turning in to an ally one could not forget. When these two bigwigs cross paths, there are many possibilities that an individual shall be witnessing networks in EU, Asia as well as North America to acknowledge what OTC has to offer.

What is OTC? Why is it Important?

In China, you are going to witness that OTC Trading is known by one and all (mostly). There are also numerous reasons for OTC Trading to go strong in China specifically after Crypto World witnessed crypto exchange bans or other kinds of regulations including complications.

However, like nothing can be perfect but close to perfect only, OTC is also facing some obstacles that if resolved might turn this form in one of the best things ever made. To help you understand this concept in a better manner, you can keep reading this article:
·         OTC Cryptocurrency Trading in China is coordinated in a manner wherein ‘WeChat’, another Chinese application is used for communication.

·         This technique may have an impact that would not let growth of a system as large as OTC Cryptocurrency Trading. Especially when there is growth from all corridors of the Cryptocurrency Markets.

·         It was therefore time for something more robust to take challenges head on because OTC Market has seen itself rising in crypto world outside China so the solution had to be brought in to existence.

Answers

AML Program from the house of Koi, Binance Labs Investments, Banking Relations from the United States moved things in a fast track mode so that whatever improvisations are being made, they can be implemented without any glitch or delay and trying to be not affected by any third-party instability. It is now to see how would Binance take this venture forward with passing time.
Watch this space for more news on Cryptocurrencies.
Bitcoin has dropped to an all-time low for the first time in 13 months and this is what has got every one sit up and take a note of. It indeed came as a surprise because some sections of the society still believed that there would be a rise as there had been a continuous fall of Bitcoins along with a few other cryptocurrencies.


12% drop of Bitcoins

Bitcoin has held the title of being ‘the Largest Cryptocurrency in the World’ since its inception, however, it has over time been stumbling down with the passing days. Though a little while ago, there had been a time when the price of Bitcoin remained steady but it was not long before Bitcoin prices started to decrease.

Why did Bitcoin Prices Go Down?

This has been one of the questions that some of us ask and the reason what we get is that: ‘a civil war lead to the downfall of Bitcoins, the biggest Cryptocurrency ever in the market’!

Rise in Bitcoin Prices: Bitcoin has generally maintained its position at $5,000 and usually it even touched and crossed $6,000 for the most part of 2018. While many of the crypto enthusiasts felt that Bitcoins would never fall below $5,000 ever again. But things did not work in this way as there has been a strong reason for this set back which many believe in.

Split in Bitcoin: Reasons for Bitcoin Price Drop: Many believe that this split in Bitcoins termed to be ‘hard fork’ which we had reported earlier as well, is one the major reasons for Bitcoins to take a dip in its pricing. There has been a case of enthusiasts stating that this division of Bitcoins could certainly affect pricing of Bitcoin in a negative way; this prophesy seems to hold ground here.

Roger Ver versus Craig Wright: Thoughts would Clash

A clash between Roger Ver, (strong supporter and an early investor to the Bitcoin family) apart from taking lead to Bitcoin Cash ABC and Craig Wright (an Australian Computer Scientist) who also claims to be Satoshi Nakamoto, mysterious inventor of Bitcoins led to the downfall of Bitcoins.
Hard fork, as this split was referred is stated to be the reason because many believed that such a division might in all probability ‘destabilize the market’. And this has what has happened today!




Other Reasons for Downfall of Bitcoin Pricing

Some experts think that there would be other reasons as well because only one reason could not lead to such drastic change in Bitcoin pricing.

If you remember, SEC made an announcement that a few operators from Initial Coin Offerings have broken the law and must pay for it.

Regulatory Space does not spare anyone so how could some one run away by breaking rules and not be booked for them? Upon reading this news, crypto investors had to take a decision.
While it is time that would say what would happen next, there is nothing permanent and there have been many incidents to say so due to the fact that a few experts think it is time for a change to come about pretty soon.