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Showing posts with label digital assets. Show all posts
Showing posts with label digital assets. Show all posts
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.

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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.


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Coinbase, the Digital Currency Exchange has gone on record to state that it shall now add Zcash to its listings thereby enabling transfers of Zcash or ZEC on its platform Coinbase Pro. This transfer of Zcash on Coinbase is limited to the Coinbase Pro Users at present whilst there are plans to open its use to the other users in future.


As a result of this, Zcash, which is another of the cryptocurrencies in the market will be trading in Australia, Canada, the European Union, the United Kingdom, the United States apart from NY and Singapore.

Why Zcash on Coinbase Pro?

Zcash, as most of you might know is a cryptocurrency and it is one of those few currencies that focuses on providing improvised privacy to its users. To ensure that this turns out to be a reality, Zcash puts in to use cryptography! Another benefit that users get at Zcash is ‘efficient, safe and private digital transactions’ with Zcash by your side.


Moreover, there is an option of having differentiation of shielded as well as transparent transactions similar to that of encrypted HTTPS and unencrypted HTTP! And as the words describe, transparent or not crypted version will allow access to third party for seeing metadata. While for encrypted or the shielded version, this is not the case and data remains protected.

Deposits from Transparent and Shielded Addresses but Withdrawals for Few

Yes, at the beginning Coinbase is not going to go full fledged when it came to depositing or withdrawing at Coinbase Pro for Zcash. An individual would be able to deposit from either transparent or the shielded address however this case changes when it comes to withdrawals.
Withdrawals are going to be permitted only to transparent or unencrypted addressees only for time being. In future, situation may change as and when local laws of a state would allow. For this to turn a reality, it shall certainly take some more time.

ZEC Launch and its Stages under Trading Rules of Coinbase

Starting from 10 am PT, that is 29th November, customers can transfer ZEC to Coinbase Pro Accounts. Order books shall become in transfer only mode for a minimum of 12 hours.
In next stage, customers will be permitted to post ‘limit orders’ and have no match; with these order books being in ‘post only mode’ for about a minute.


It will be only at Stage 3 that limit orders will begin matching while customers would not be in a position to submit these market orders. Whole set up for stage 3 shall last for about 10 minutes.
In the final stage, also known as ‘full trading’, options such as limit, market or even stop orders will be available for use.

(Note: ZEC at the moment is not available on Coinbase.com or its Mobile Applications.)
In case you wish to start trading then you have to sign up for the Coinbase Pro account, as Coinbase is aiming to include trading of many assets over a period of time.
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.
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!