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Showing posts with label Cryptocurrencies. Show all posts
Showing posts with label Cryptocurrencies. Show all posts

Exclusive Features that prove Wings W3 is a Game Changer in the Mobile Technology Industry. 

Wings-w3-mobile-Bitwings


Wings have been one of the successful and revolutionary introductions in the mobile phone technology industry. With a futuristic development approach, state of the art technology and elegant designs, Wings W3 has already proved to a huge success in the markets of Latin America and is ready to hit the global market now. Here are the top 10 distinctive features of Wings W3.

1. Wings Play Store:


Wings mobile has always kept the privacy of its customers a topmost priority. Unlike the traditional Google Play Store’s work policies that make it necessary for the user to link their personal email account for usage, Wings Play store offers complete anonymity. No registrations and No personal email association. Ultimately giving the user complete control over its information. Can it get any better? Yes! As Wings Pay system further makes the installation transactions and in-app purchases of the users completely encrypted and impossible to breach!

2. Wings Suite:


Have you ever imagined a system that can provide you with all of your online data in a variety of places? Whenever you need and wherever you want? Say no more, as Wings Suite makes the transfer of data between its mobile phones and Wings Books pretty simple. Whether you often use a mobile phone and a laptop simultaneously or run out of battery on any of these, with Wings technologies you can transfer all of the data, even GSM calls from any mobile carrier to your laptop quite easily.

3. Wings BackOffice:


Wings BackOffice is one of the major reasons for the distinction of its mobile phones in the technology industry. This is by far the only software present in the world that provides its users with complete management of commercial and distribution systems. Specially developed, designed and implemented as a multi-language and multinational software platform, it is capable of setting up a new business unit in the market in less than 60 Days!

 • Billing.
 • Calculation.
 • Logistics.
 • Distributions.
 • Commission settlements.
 • Warehouse management.
 • Transactions and payments.
 In short, Wings BackOffice can manage an entire e-commerce system for you.

4. Wings Second Number: 


The availability of separate phone numbers for work and personal use in a single mobile phone is a blessing in itself. As it can enhance your work management and productivity to a much greater extent. Wings provide all of its mobile phone customers a feature to add as many telephone numbers as they wish. With the help of which they can make phone calls, receive incoming calls and use the internet while also having the second number as caller identification.

5. Wings Guardian:


Privacy breaches are the major drawbacks of modern-day technologies. It can be your mobile phones, your carriers and even the installed apps that are capable of using your private information without your consent. However, that’s not the case with Wings technologies and mobile phones. Wings Guardian features ensure the confidentially of its mobile phone users. This additional security layer first identifies, verifies and then eliminates any possible application or trojan installed on the phone that is using microphones or cameras without the user’s consent.

6. Wings Secure Call:


Wings secure call feature guarantees no phone call interception. With its highly advanced triple-layer protection that makes any VOIP data flow non-existent through its server. Therefore, making call recording, tracking and interception a thing of the past.

 I. Transport Layer Security (TLS) for Internet communications
II. Zimmermann Real-time Transport Protocol (ZRTP) for end-to-end exchange security through encryption keys.
III. ICE technology for Peer to Peer utilities.

7. Wings World Roaming Free:


Working independently of any operator, Wings’ World free-roaming converts Global System for Mobile (GSM) incoming calls to Voice Over Internet Protocols (VOIP) calls completely free of cost. That means Wings’ mobile phone users get an opportunity to make calls globally from 60 countries using an internet connection without even spending a single penny!

8. Wings Defender:


Using an integration of Windows 10 and Wings’ Defender Software on all of its Wing Books (laptops), Wings’ users enjoy a secure working environment. The software remains regularly updated with all the Viruses, Malware and Trojans. So that the users can surf safely over the internet while also making their hardware long-lasting and free from any internal damages.

9. Wings Dialer:


The first-ever Hybrid dialer in the world, Wings’ one of a kind Dialer enables its mobile phone users to utilize a fused technology version of GSM with VOIP. This unusual combination allows users to perform a variety of communication tasks through a single operational feature.
 • Free-Roaming.
 • Second number.
 • Free national and international calls through VOIP transfer.
 • Secured calling network.

10. Wings VOIP Call:


With 90% savings as compared to the market rates, Wings’ mobile phone users get the facilitation of making exclusive VOIP calls. Once the recipient has been chosen, the user can either go for a GSM call or opt for the VOIP one. So that they can communicate and interact with whoever they want and for as long as they want while being in any part of the world!

The uniqueness of Wings’ Mobile Security Systems


100% secured Communications Network:


Secretly Listening to the conversations of users, Non-consensual use of personal data and Recording phone calls; these are some of the major issues faced by the modern world technology systems today. Recently, many famous companies also admitted to committing the very crime. Ultimately, making the use of online technologies a nightmare for the people. That’s where Wings Mobile Phones come in. Wings technologies have a straightforward “No middle Man” policy. That means neither any of its mobile phone user’s data is recorded nor it can be intercepted by any intermediate operator or the company itself. Due to the use of triple-level security protections, Wings Mobile phones provide a completely secure communication system. The presence of TLS, ZRTP layers, and ICE technology guarantee no VOIP data flow through the server. With the implementation of Neural libraries, Wings is now more focused on improving the preexisting encryption algorithms. Like, Diffie-Hellman elliptic curve (up to 384 bits) for the exchange of end-to-end AES encryption keys (up to 256 bits) for confidentiality and HMAC-SHA1 for authentication.

Safer OS Builds:


Wings Safe Core OS is an Android-based operating system. Wings uses a combinational hybrid of two operating systems i.e. a secured android platform within the commercial android. That means no Android API or application has access to Wings' OS as it remains based on an entirely encrypted partition of the storage memory. In order to provide users with complete control over their privacy, Wings OS are specially designed keeping in view the user confidentially for their sensitive data. It includes Financial and Banking Details, Personal Photos, and Videos, E-banking and Cryptocurrencies. In addition, Wings OS is only accessible through a three-step verification method for the users. That includes

 I. A personal identification number (PIN).
 II. Facial recognition based on high-level Neural technologies.
 III. Fingerprint verification.

First-ever Minephone Technology


Wings hold the honor of introducing minephones for the first time in the history of the mobile phone industry. These minephones are capable of performing all of the cryptocurrency-related procedures. Its Minephone WX can even generate up to 2 Ethereum per month for the miners! Pretty amazing, Isn’t it?

Understanding BitWings (BWN):


BitWings-BWN-Token
BitWings (BWN) is a token of Wings Mobile which remains implemented in an intelligent ERC-20 contract on the ethereum blockchain. Wings WX mobile phone utilizes a generation software capable of producing one of the world’s leading cryptocurrencies quite effectively. So that even a beginner can start his blockchain journey right away. With the use of Neural Technologies and encrypted work environments, WX offers the maximum security of data for its users. Moreover, the mobile phone remains completely secured with Biometric Facial Recognition through Neural FaceID.


How does it perform crypto mining?

The coins remain generated with the help of Proof of Data (POD) System. In addition, MediaTek Helio P60 Neuro Pilot 8-core allows optimal performance for the miners to use the phone for mining as well as mobile phone purposes. Its 365-daily payment, max power of 1000 MH/S also adds to its mining capabilities. Ultimately, making the mobile phone capable of generating 2 Ethereum per month which is a great bonus itself.

Utility Token Vs Security Token:

The major difference: 
Utility Tokens are sold to the public through (ICO) Initial Coin Offering. These are the no-profit tokens that only enable the investors to use tokens for services offered by the company. Security Tokens are sold to the public through (STO) Security Token Offerings. These tokens are bought by the investors in exchange for money while also making them part of company profit depending on the token purchases.
Why BWN is a Utility Token?
BitWings believes in offering top-class services to its users which can also only be brought by those who own BWN tokens. Such services remain exclusively offered by the BitWings for its BWN token owners who are also responsible for introducing one of a kind, unique innovations in the fields of smartphones, technology and also cryptocurrencies.
 • Wings introduction of the first-ever minephone in the world market, capable of mining up to 2 Ethereum per month is only available for purchase through 6000 BitWings.
 • Secured, triple-level encrypted call technology through which no VOIP data flows the server and is unimaginable to intercept is also available for BWN token owners only.

100% issuance value:


BitWings strength in the cryptocurrency lies in its true issuance value of $0.20 which also acts as protection against market fluctuations. Furthermore, The BWN tokens are an exchange medium for purchasing products in the Wings Mobile ecosystem while also the token holders get a 10% discount on the entire range of Wings Mobile products/services. Even if the BWN value falls, the token holder can have a reserved value of $0.20 which can be used in all of Wings Mobiles’ online and physical stores through Wings Pay.

Foundation of BitWings:


BitWings remain built on two prime guarantees
I. Innovation:
BitWings establishing vision lies in innovation. The company is constantly devising new channels for maximizing its software, hardware efficiency while also enhancing business productivity through decentralized global distribution. Through our of the box strategic solutions and consumer-oriented plans to value the customers, BitWings’ business is now aiming for taking a lead positing in the cryptocurrency market that remains dominated by big players. Ultimately providing a new pathway to the world of mobile phone mining.
II. Privacy:
BitWings only mission is to provide its clients with full control over their privacy. In order to eliminate the risks of data breaching. With Wings Mobile Phones’ artificially intelligent algorithms, modernized Technolgy development procedures and sophisticated security systems our customers enjoy the highest level of security they can ever imagine. Whether you are making phone calls or processing your online transactions, no third party can neither access your information nor intercept your phone calls. Even no two Wings’ devices can read each other’s data!

Technical Specifications of Wings W3

Wings-W3-Mobile-Specifications


High-Resolution Cameras: 


For the photography lovers, Wings W3 provides a high resolution 16MP rear camera and 2MP front-facing the camera. That also remains guarded with Wings Guardian's highly sophisticated algorithms. Therefore, no third party can use your cameras without your authorization.

Colored Finger Prints Sensors: 


The slide fingerprint sensor on Wings W3 also comes in a variety of colors. Making it irresistible in its look while also being a gateway to a new era of technology. Furthermore, the sensor holds the protection of Wings’ triple-layer security methods that remain impenetrable by all means.

Sleek metal Design: 


Elegant and sleek design, unique body dimensions, and lightweight structures. That’s what Wings W3 feels like. The W3 comes in two colors; deep black and red passion. Moreover, the metallic design further adds to its look. Fast processing Speeds: With MediaTek MT6761 and Quad-Core – 4x A53 2.0GHz processors, the W3 offers unimaginable processing speeds with high precision.

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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Bitcoin Cash Network Update and its After Effects


So finally, the split has taken shape, wherein as it was predicted there would be a split between Bitcoin ABC as well as Bitcoin Unlimited. There were some predictions to connect Bitcoin Cash Network Update and some of them have securely found their place in a ‘hard fork’.
Moreover, BCH Network Update was began on the 15th of November! The time this update began, Bitcoin ABC and Bitcoin Unlimited were leading Bitcoin SV. As per sources, these calculations were made based on hash rate beside number of nodes.

Rules of Bitcoin Cash Network Update
Rules are part and parcel of life; hence, it would not be wrong to say that this update brought about a shift in aspects wherein Cryptocurrency Exchanges have started to suspend BCH Trading including Withdrawals.

Know This
What is Bitcoin ABC?
Protocol Update News sent about differences flying in the air and hence there is a disparity clearly seen as already two camps have been set up. One of these camps is for implementation of Bitcoin Cash Network in Bitcoin ABC while the other is Bitcoin SV or Satoshi’s Vision.
For now, though, our focus shall be on Bitcoin ABC and what does it stand for?
Well, for the beginners, ABC in Bitcoin ABC is essentially an abbreviated form of ‘Adjustable Blocksize Cap’. According to the supporters of this structure, ABC does not require major modifications as it is complete in itself. At the max, there may be ‘removal of software bottlenecks’ apart from ‘change block size limit’ ability given to ‘node operators’.
When these changes are made then there would not be further requirements making the platform run smoothly without any sort of fluctuations. It is also to be noted that Roger Ver, a Crypto Evangelist supports Bitcoin ABC!

Bitcoin SV is also Not Far Behind
Yes, it is correct, Bitcoin SV, another camp that roots for implementation of Bitcoin Cash Network Update has some of the bright minds on the block. One may also be surprised to know that Bitcoin SV is led by none other than Craig Wright, who also claims to be Bitcoin Inventor (who went earlier by Satoshi Nakamoto!).
Change is the order of the day and so does Wright and rest of SV camp thinks because they are confident enough to say: a few rectifications here and there shall make the whole process great! They have hence put forth the idea of changing BCH Structure available at present. Plans are also under way to ensure that Block Size increases from 32 MB to 128 MB; would not that be great?
Bitcoin SV camp has made a decision to overwrite ‘Network Scripts of crypto Bitcoin ABC’ as well. With such and many other similar changes, there is certainly going to be a ‘clash of titans’ kind of a competition.

This shall certainly impact Crypto Market in the longer run (could be); another reason for such a statement is the fact that utilization of ‘hard fork’ resulted in the split of Bitcoin Cash thus, it would as a matter of fact be having its effects on the network!
What do you think about this?
Post your comments and let us hear it out.
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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.
Ohio seems to be one of the first states to have agreed for business tax payments to be carried out in Bitcoins, a Cryptocurrency which has seen quite some unrest in recent times.


Pay Business Tax in Cryptos

As a matter of fact, a strong reason compelled Josh Mandel, State Treasurer and his department to look in to cryptocurrency payment. One of the reasons here is: crypto payments are not only transparent but also secure. Finally, the cost of these is also at the lower end.

With these and many similar characteristics of Cryptocurrency Payments, it was time for the officials to okay tax payment in bitcoins. Moreover, with cryptocurrencies, none can transfer the amount to third parties, thereby eliminating fraud altogether.

Blockchain network enables for a tracking system in a second to second basis thus making it transparent to the core. One may wonder as to when was it that Bitcoins in particular and cryptocurrencies in general became a favourite of Mandel; and so, for the record, Mandel has been keeping a track of the way cryptocurrencies work and he showed keen interest in bitcoins right from the time he was appointed way back in 2011.

Views of Jerry Brito on Bitcoin as Mode of Payment

As per the Director of Coin Center, Jerry Brito, bitcoin technology is advanced in every manner and this is why people from both sides, government and the bad guys look forward to use it for their means. However, there are only two common aspects here: one is Bitcoin and second is Blockchain.
When we look at the news, we understand that there has been quite a downfall in terms of Bitcoin’s graph in the past few days, however, the end has not arrived yet.

By adopting Bitcoin, a cryptocurrency as a mode of payment, Government is ensuring that payments are more secure, more efficient and of course are transparent. Thus, taking technology to the next level.

There have been other states as well who tried bringing in cryptocurrency payment and making it official still luck has not been on their side as at the higher levels, the legislative levels, things were stalled.

Ohio: First State in the US to Accept Bitcoin Payments

Yes, with other states backing off, Ohio became the first state as well as the first government in the United States to make an official announcement regarding acceptance of tax payments in cryptocurrencies and in Bitcoins at present! Thus, beginning from the 26th of November, Ohio shall accept Bitcoins for tax payments.



Currently there are about 23 kinds of business taxes which can be paid in Bitcoins. To pay taxes one can utilize BitPay, the payment service and end up paying taxes.

Note:

Currently only businesses are permitted to pay (business) taxes through BitPay (in bitcoins) there are plans to make it available for individuals as well. But for this to happen, a lot more thought process is to be done.

Till then let us see how the world of cryptos would work about and what shall be the status of bitcoins in the future.
Uncertainty over the prices of cryptocurrencies in general and Bitcoins in particular seem to loom large thereby giving away the reasons for people to be confused as in whether cryptocurrencies are rising or tumbling further down!


Why only Bitcoins even other Alt Coins seem to have taken the hit of this uncertain decline of cryptocurrencies. There, however, does not seem to be any one reason that can be pointed out as to: yes, this is why cryptocurrencies bowed their heads.

Bitcoin Hard Fork Split

As observed by many, the moment Bitcoin Hard Fork split was announced, everything seemed to tumble down and it was something that shook the whole of crypto world. Reasons being Bitcoin was riding high and had never fallen below $6,000!


Tom Lee, Wall Street Investor analysed that ‘hash rate war’ turned the scenario to a lot of uncertainty and panic across different rungs of the society. In addition to this, to stay away from risks or unknown waters, many investors backed off stated CoinShares CEO Meltem Demirors.

Right from November of 15th, Bitcoin ABC as well as Bitcoin SV having emerged, they have two think tanks fighting a war, should I say a cold war?! With clashes between these two groups, it was evident for BCH to be diving down the market as it was seen later by us.

Rules Came into Action

Along with division of Bitcoin Cash, SEC decided to take charge of the situation and like earlier informed in one of the articles, stopped operations of many firms who did not obey rules. Brexit along with Central Banks Policies turned out to be other reasons for downfall of the highly anticipated cryptos.


Now many would be shell shocked and worried to know as to what shall be the condition of Bitcoins post the split of the decade?! Are they stable or have they begun to rise in the world of cryptocurrency?

As a matter of fact, sell off due to low trade volumes led to a panic which is a bit difficult to be summoned in words. In Greenspan’s words, nothing can be said for sure as to what would happen next. He believes things could turn around at any moment and nothing can be sure. Either Bitcoin stays there put while some people sell it away and a few others gather them.

Anthony Pompliano, host of Crypto Podcast as well as Newsletter has perfectly put across a point: ‘Bitcoin lives and dies on its own’ while only ‘a few synthetic protections are in store for the investors’.

While on the other hand, Tom Lee is certain of one fact though, it is: regulatory clarity is going to be the key to giving us a clear picture of where Bitcoins and other cryptocurrencies stand. And to quote Lingham, blockchain projects must specify as to what will be the other usable solutions apart from the one, we are aware of.

Cryptocurrencies have not held a stable position since some time, however, as of now experts have pointed out that only a few losses can be seen, so yes, drastically falling prices of cryptos have kind of stopped.

Lesson: Never to conclude before the final outcome is right before you.
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.
Authorities seemed to have taken a liking of sorts towards unauthorized crypto companies in a way that they started to terminate operations of these unlicensed crypto firms.

To begin with, CONSOB or the Commissione Nazionale per le Societa e la Borsa is a Government Authority in Italy, which keeps track of Italian Securities Market. It was this: Italian Companies and Exchange Commission that was responsible for discontinuation of some crypto businesses in the state of Italy.


Crypto Business of 3 Companies come to a Stand Still

Companies whose operations have been detested are all related to cryptos in one way or the other hence it was time for someone to take a note of deeds carried out by them before taking a final decision.

Companies such as Richmond Investing, Finatex Ltd. and CryptoForce have violated rules laid down by authorities and hence CONSOB decided to correct their wrongs.

11)  Richmond Investing is a trading platform which did not go on to register under ‘financial intermediary’ thereby breaking the law governing the Italian Financial Markets known as ‘Consolidated Law on Finance’.

22)  In a similar incident, German based Financial Regulatory Organization, BaFin took action against the authorities of Finatex Ltd. This company is based in the U. K. apart from having ties in crypto world. As per the statements released by the authority in charge, Finatex Ltd. worked without following any of the rules laid down by the German Financial Legislation.

      Moreover, this is inclusive of the German Banking Act, so, it became a necessity for the officials to set right companies who opposed to the system to be followed.
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  3) Third in the list is CryptoForce and its crypto coin (read currency) named ‘Crypton’ had to be sacked according to the new laws put forth by the authorities from the E. U. Ministry.
      
      For the uninitiated, CryptoForce is a company dealing for the most part in ‘PoS or Proof of Stake Mining’; it is also responsible for promoting its (own) Cryptocurrency that goes by the name: Crypton.
      
       Advertisement of CryptoForce was carried out by Brizzi on social networking site Facebook whereas on the other hand, it was Eagle Bit Trade responsible for offering ‘trading packages to the Italian Investors’!

How Did CONSOB Deal with These Crypto World Discrepancies?

Back in E. U., things have begun to fall in place with strict rules and regulations being passed around. It was also a requirement of the hour that stood out because authorities from the think tank (called Bruegel) felt careful and an in-depth examination in to the working of crypto related firms is necessary that can never be given second thoughts.

Due to this, all digital currencies came under the radar especially of their aspect on how were these digital currencies got distributed among the investors!

A Plus Point: Good News for Cryptocurrencies in Italy

It comes as a shock for some but the Government of Italy seems to have not prohibited any of the financial institutions from using cryptocurrencies, however, they have asked them to wait a little more before Formal Rules and Regulations are put up!
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.
Electricity is crucial for ‘Crypto Mining’ and this is one of the major reasons that Chelan County Public Utility District or PUD from Washington has proposed a new plan. As per this plan, there shall be a completely new structure of electricity pricing for all Cryptocurrency Miners.


Rise in Electricity Bill for Cryptocurrency Miners

Cost of increase in electricity demand has to be borne by none other than the miners; so that others are not affected by it.

While Cryptocurrency Miners would not have to deviate a lot because the base structure for electricity pricing remains similar to which these Miners are used to paying. Reasons for such a drastic but a well thought out process is that ‘New Electricity Rate Structure (according to Schedule 36)’ has been done keeping in view ‘variable load that associates with Cryptocurrency Mining’.

Accelerated Costs

Costs have shot up, however, Kimberlee Craig, Public Information Officer noted the reasons for this difference stating: it is important that rate structure captures cost apart from protecting investments for customers. These customers are none other than the ones who have gone on to invest huge amounts in the system.


Upsetting Situation Hangs Over Cryptocurrency Miners

Hearing this latest trend of modifications from the officials at Chelan County Public Utility District, Washington, it was as a matter of fact: disheartening to agree with price change for miners. Though it becomes a necessity to recover money for the investments still it came as a surprise to the Miners of Cryptocurrencies!

What are these Investments? As for the investments that we are speaking here, Kimberlee Craig, Public Information Officer of Chelan (PUD - Public Utility District) clearly said that these investments are some of the fixed expenses of PUD. These also inclusive of ‘accelerated cost of infrastructure investment in the system’. This reference has cleared the air to a great extent. There is however, an air of disagreement from a few sections of the society.


Curbing illegal or unauthorized Cryptocurrency Miners had to be done and thus Chelan PUD enforced ‘Moratorium on Cryptocurrency Mining’. This suspension or ban on Cryptocurrency Mining has been witnessed in many states. Some of these said states have put up a ban on even Cryptocurrency Operations leading to complete ban.

If we look at the city of Ephrata, Pennsylvania, ban on Cryptocurrency Operations had been in place for close to a year now in this place. And same is the case with the Government of Quebec wherein it imposed a ban on sale of electricity to the Cryptocurrency Miners. This ban turned out to be a temporary one imposed somewhere in the month of May, or to be exact in the end of May.

Catch and Found

It was in April where PUD officials found unauthorized Cryptocurrency Miners and post the usual official proceedings, on 7th of November, Chelan PUD announced an absolutely new system of pricing as far as the Cryptocurrency Community is in question.

It is now to see what would this price change lead to with the residents of Chelan and Cryptocurrency Miners (community) in particular!
It seems to be snowing Cryptos and Fortnight V Bucks this Christmas! Yes, you read it correctly, as per statistics and surveys having been conducted recently, people, especially today’s generation slowly has begun to shift towards the new age of Christmas gifting ideas. Agreed that is not a bad part as such but hey have you ever wondered as to why people of an era earlier or at the least, a few generations before never happened to look up to cryptocurrencies as a gifting possibility?


Savings

Though people from the 1960’s had enough sources to invest still they preferred other gifts over cryptocurrencies. However, things have changed with the passage of time as now most of the Americans feel that it is in greater interest to gift Fortnite or Cryptocurrency! Both of them are virtual currencies while one of them is from Fortnite, a popular video game.

Fiat versus Cryptocurrencies

Fiat was and still is a great medium of exchange; reasons being it is approved by the Governments directly yet there has been a slight shift with the way there has been an advancement in currencies.
The generation today, does not have an issue when they use cryptos rather than traditional fiat even during ‘the gifting for Christmas’!



Digital Assets

These days, digital assets are given more importance and hence people tend to invest a lot in them. While on the other hand, if one notices a bit more carefully then one can find that Cryptocurrencies have to a large extent become another of the best sources of ‘medium of exchange’.
This gives rise to the idea that cryptos are the next form of digital asset that has crept into the lives of people.

Fortnite’s Story of How to Keep People Glued to Fortnite V Bucks!

It is quite unlikely that a firm shall make use of forcible techniques to keep people locked down to using only its currency. Fortnite has, however, made this switch without creating any sort of errors so far.

As we speak, Fortnite has ensured that its participants utilize only V buck to pay not only for outfits but also for in-game upgrades. Outfits that they will be buying shall be worn by characters in Fortnite. And when refunds are in question then they shall be made only in Fortnite V bucks thereby giving leverage to V bucks over Fiat.

Some of you may have very well heard that slow and steady wins the race; same is the case here!

Final Word

As per the survey recently conducted or even a study that Piper Jaffray conducted, many teenagers have felt that it is high time this switch has been made, strongly supporting a trend wherein teenagers from America have Cryptocurrencies and/or Fortnite V Bucks in their ‘Christmas Wish Lists’ rather than the same old Fiat.

Question that has risen due to this shift indicates: how would organizations react to this situation or would they allow for ‘Christmas gifting ideas change its base’?

Watch out for this space for the latest updates on ‘changing trends in crypto world’.
Hackers are all around us, some may be ethical while others unethical. However, judging every book by its cover may not be possible in today’s digital world still one has a chance to focus a little before moving ahead with any kind of online wallet.



Cryptocurrency Users, Beware

Cryptocurrency users are a worried lot when it comes to security. There are many reasons to say this and one of them is that hackers, for the most part, try to steal personal information of the users thereby rendering them with no funds at all!

A few folks reading this would also be aware of the fact that transactions related to cryptos are ‘anonymous’ hence it is next to impossible to track down culprits.

Anonymity turns out to be the easiest tool for hackers to withdraw information and password of a crypto user in no time. Secondly, many EOS based wallets have suddenly sprung up across Google Play Store, which as you might have known by now are fake.

Fake EOS Wallets to Watch Out For

These fake EOS wallets never leave an opportunity to figure out account information besides passwords that users put in to use. All of this is possible with the help of a ‘malware tool’ utilized by fake software.

Another factor to be taken a note of is that crypto transactions being anonymous have the ability to hide stolen funds forever thereby hackers leave no stone unturned to fund their accounts!
Decentralization apart from anonymity are major setbacks for organizations and authorities in particular to bring about digital currency in to a profitable business.

EOS RIO: Facts to Know

In fact, there is only one EOS based company set in Rio De Janeiro in Brazil, responsible for Block Producers. And there happens to be none other site per se. This Brazilian establishment works towards development of Blockchain based Digital Products. Moreover, it does not have any inkling with EOS wallets found on Google Play Store.

EOS RIO, does not even have any of its Block Producers application(s) on the giant Google Play Store. So, readers, ensure that you never download any random EOS app’ available on Google Play Store. In case you wish to utilize the services of EOS then you would have to go to the official website and not switch to the Play Store.

Remember, one more factor, EOS Block Producers have been given the responsibility of governing EOS Blockchain!

EOS Reports Fake EOS Wallets to Google

Due to an alert team back in EOS Community, Google took action and removed all fake EOS Wallets in no time. Indeed, the team at Google ensures that there is not even a single fake app on its Play Store.
To assist you further in this regard, we would suggest you to keep a check on reviews found for a product. In case you find numerous reviews say around 1,000 or more then most probably you may go ahead and use it else it is better to back off beforehand rather than losing out funds.
As said, precaution is better than cure.