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Posted on Ten April 2018 | 11:44 am
Crypto Exchange Bittrex Is Taking Fresh Customers Again
Cryptocurrency exchange Bittrex began accepting fresh users today after temporarily halting registrations last December.
Posted on Ten April 2018 | 11:00 am
Europol Nabs 11 ter Crypto Drug Money Laundering Case
Europol has shut down an alleged drug trafficking operation that used cryptocurrencies to launder money from Spain to Colombia.
Posted on Ten April 2018 | Ten:30 am
Promoted: Wise Startup Token Brings Blockchain Security to Petite Business Legal Transactions
Decently upholding legal agreements is critical to a successful startup business. Despite their importance, falling brief ter fulfilling thesis agreements is often a recurring obstacle for puny and medium-sized companies.
Embracing the cutting edge ter frictionless transparency and security, the Clever Startup Company wants to use brainy contracts on a blockchain to solve this universal kwestie. Through their innovative prototype, SMRT will provide the clever contract on-ramp for startups and businesses seeking an efficient implement for legal contracts.
Using a proefje the company has coined &ldquo,the vending machine,&rdquo, Wise Startup Token (SMRT) dispenses templates of multipurpose clever contracts, which serve spil programmatic legal documents.
Here is how the process will work:
Businesses will be able to choose a template, insert their SMRT token, and stir forward to finish a contract with the option of engaging an advisor for assistance. Te this way, SMRT is developing a niche at the intersection of legal agreements and blockchain-based software tethered to gegevens support and AI.
Wise Startup seeks to assist businesses with four common contractual areas: business formation, intellectual property, funding and trading. Ter this way, the business will serve spil a decentralized marketplace where simplified brainy contract templates can be used to codify and enforce deals. Te this ecosystem, the SMRT token is the access mechanism for a business desiring to accomplish a contract or engage with an advisor.
Officials with Wise Startup said that they chose the blockchain to assist companies ter the creation of legal documents because the technology affords a much lighter and cheaper route for treating sensitive business activities.
This novel concept is the brainchild of technology entrepreneur Simon Krystman, a sultry entrepreneur who has successfully set up a number of businesses ter the digital and innovation space overheen the past 20 years.
Most recently, Krystman has focused his energy on delivering products for startups and early stage companies tied to intellectual property, crowdfunding and network building. He is a sultry cryptocurrency enthusiast who made early investments te Bitcoin, and he is a massive advocate of the potential of blockchain technology to revolutionize the way people and businesses interact and build trust.
Krystman is supported by a business team possessing expertise ter blockchain technology, AI, entrepreneurship, funding, intellectual property and government regulation. The team comes from a multiplicity of professional areas including entrepreneurship, academia, and investment trading. One advisor is a member of the European Parliament.
&ldquo,Wise Startup wasgoed formed on the onderstel that blockchain and brainy contracts are a fantastic technology and wij believe it is the future,&rdquo, said Krystman. &ldquo,Wij know that petite businesses and startups don&rsquo,t yet have the resources or understanding of this technology to implement it themselves, so wij want to create a series of brainy contracts that they can purchase te a cost effective manner and can lightly embed them within their websites or marketplaces.&rdquo,
When asked about Brainy Startup&rsquo,s vision, Krystman said, &ldquo,Wij are making the blockchain accessible by assisting puny businesses and startups at getting on the &lsquo,blockchain trapje&rsquo, with a series of our low cost brainy contracts. The solution will eventually be incorporated into a &lsquo,frictionless trade toneelpodium&rsquo, for startups and puny businesses. Using the trade verhoging, companies will be able to create significant legal documents quickly and store them securely.&rdquo,
Spil it produces to businesses and startups a cheaper and lighter method for treating sensitive business assets, the company is strategically positioning itself for a worldwide audience.
ICO Crowdsale and the Path Forward
Wise Startup Token has launched a pre-ICO campaign for building a prototype. Company leaders anticipate that this official crowdsale will launch ter Q4 of 2018. Crowdsale distribution will be directed toward marketing efforts. The project allocation breakdown is spil goes after:
Pre-ICO Fund Distribution
Team, Operations and Legal &mdash, 35 procent
Prototype &mdash, 15 procent
Crowdsale Marketing &mdash, 50 procent
Crowdsale Fund Distribution
Operations &mdash, 15 procent
Podium Vormgeving and Development &mdash, 20 procent
Contingency &mdash, Ten procent
Marketing &mdash, 55 procent
Says Krystman: &ldquo,The cost for the product wij are creating is not going to be te the millions, but the more marketing costs wij have at arm the larger wij can grow. Our team is capable of producing the solution, but it then comes down to a global marketing strategy which can be expensive.&rdquo,
With respect to where Clever Startup Token hopes to be ter the next 12 to Eighteen months, Krystman suggested thesis concluding thoughts: &ldquo,Wij hope to have ended our Crowdsale and be te the development stage. Wij already have a few platforms willing to sign up with us. It indeed comes down to suggesting predefined Wise Contracts to businesses across the globe. Our aim is to utilize this technology for real-world solutions and get it implemented across the world.&rdquo,
The pre-ICO is ending soon. Visit smartstartuptoken.tech now.
Note: Trading and investing ter digital assets is speculative and can be high-risk. Based on the shifting business and regulatory environment of such a fresh industry, this content should not be considered investment or legal advice.
This promoted article originally appeared on Bitcoin Tijdschrift.
Posted on Ten April 2018 | Ten:27 am
Blockchain Is ‘Going Mainstream’ Says European Commission Official
European Commission vice voorzitter Andrus Ansip stressed the need for governments and private firms to invest te blockchain technology.
Posted on Ten April 2018 | 9:35 am
The @Bitcoin Account Is Back From Suspension and Tweeting Against Bitcoin – Bloomberg
The @Bitcoin account is back up on Twitter after being suspended Sunday, and the wordy jabs are just spil intense. The account’s anonymous possessor supports Bitcoin Specie, a rival coin that split from the largest cryptocurrency last year amid a disagreement .
Posted on Ten April 2018 | 9:30 am
Indian Government Think Waterreservoir Trials Blockchain to Combat Fake Meds
An Indian government think waterreservoir is working on a blockchain solution aimed to combat the country’s roaring counterfeit drugs trade.
Posted on Ten April 2018 | 8:30 am
A “Law-Abiding” Blockchain Alternative for India&rsquo,s Financial Exchanges
On April Five, 2018, a deep-throat to bitcoin occurred when the Reserve Canap of India (RBI) banned banks and regulated financial entities from dealing with cryptocurrency.
Despite the media report that Ten procent of Bitcoin transactions toebijten ter India, the news does not come spil a verrassing, considering how the nation has pinched down on cryptocurrency regulation so far this year. Since 2013, the nation&rsquo,s financial regulators have warned about the difficulties of controlling cryptocurrencies and, like most other stricter regulatory governments, preventing the fresh asset classes&rsquo, most nefarious use cases: money laundering and terrorist financing.
The Indian regulators&rsquo, treatment of cryptocurrency is even less of a verrassing when considering what they have done te the past to their own fiat currency, the Indian rupee. Back te 2018, the RBI announced the demonetization (undressing a currency of its value) of all ₹, 500 and ₹, 1,000 banknotes of the Indian rupee, stating the activity would help crack down on murky shadow economy activity (counterfeiting, terrorism, etc.).
Based on this information, it&rsquo,s not a spread to assume that a seemingly anonymous and sovereignless laptop currency should seem out of RBI&rsquo,s monetary policy convenience zone. Taking the time to perform due diligence might also be a detracting task for a government that wants to maintain taut regulatory control but also has other, more politically crucial projects to execute.
India&rsquo,s Other Political Projects
Te a 2018 world economic report , the International Monetary Fund stated that Asia accounted for overheen half of the world&rsquo,s economic growth within the last year, within Asia, India has bot recognized spil the fastest-growing nation.
Another report indicated that to meet its accelerating growth, India has invested a record $Legal billion this year (March 2018-18) to build and improve roads. Thesis efforts are a part of Indian Prime Minister Narendra Modi&rsquo,s greater goals and promises to increase employment and connectivity through enhanced government spending on infrastructure.
Even spil the RBI is banning financial entities from dealing with cryptocurrency, it resumes to explore blockchain technology and the utility of employing its own cryptocurrency. One company that worked spil an advisor and eventually contributed to a white paper RBI published on blockchain technology is MonetaGo. On its webstek , MonetaGo describes itself spil &ldquo,elementary blockchain integration with legacy systems,&rdquo, that &ldquo,works with financial institutions and central banks around the world to provide permissioned blockchain solutions.&rdquo, Te a word, MonetaGo does private blockchains. Also, they take credit spil the very first real (meaning live with no fall-back system) blockchain deployment solution te India and one of a few worldwide.
While the MonetaGo CTO Brendan Taylor explicitly stated that the Reserve Handelsbank of India had &ldquo,nothing to do with this particular deployment,&rdquo, he did state that &ldquo,the RBI has bot publicly supportive of exploring blockchain technology for the use cases wij [MonetaGo] are examining.&rdquo,
Hashing to Prevent &ldquo,Shotgunning&rdquo,
Bitcoin Tijdschrift spoke to Taylor to find out more about MonetaGo&rsquo,s deployed blockchain solution. Essentially, MonetaGo provides a verhoging that prevents fraud when financing receivables. The Reserve Handelsbank of India has provided three licenses to three exchange entities: RXIL, A.TReDS and M1xhange. (Note: Thesis licenses are not directly related to the MonetaGo toneelpodium, they are for operation of the exchanges normal business.) Even tho’ each of thesis exchanges competes within India&rsquo,s receivable financing market, they can use MonetaGo to prevent systemic fraud, financing the same receivable on numerous exchanges at the same time.
&ldquo,It&rsquo,s a pretty common flaw te the U.S. and anywhere else ter the world where you&rsquo,re financing an asset. It&rsquo,s called &lsquo,shooting the gap&rsquo, or &lsquo,shotgunning.&rsquo, Someone attempts to finance an asset numerous times spil quickly spil possible by spil many financiers spil possible,&rdquo, said Taylor.
Ter a nutshell, the verhoging hashes information necessary for each receivable to be identified spil a &ldquo,digital fingerprint&rdquo, then shares it across the toneelpodium &mdash, meaning among the three exchanges &mdash, so that duplication can be flagged. For those who know slightly less about financing assets than they do about cryptocurrencies, MonetaGo&rsquo,s value can be thought of spil preventing a double-spend te India&rsquo,s receivable financing market.
For cases ter which the information of an existing invoice is altered to emerge fresh, MonetaGo’s network doesn&rsquo,t block the financing, but it does still bedachtzaam exchanges so they can perform extra due diligence. MonetaGo doesn’t participate itself ter the network. Since it&rsquo,s decentralized across the exchanges, MonetaGo does not control the gegevens: It simply built and maintains the toneelpodium.
No Tokens, No Regulators, No Problems
According to Taylor, it&rsquo,s difficult to say how often this type of fraud happens te India. Exchanges like thesis have only bot operating for about a year. And however this use case of preventing fraud te financing receivables might seem minor compared to the more ambitious blockchain applications that have bot conceptualized, Taylor admitted they will proceed assessing the financial supply chain for more opportunities.
Te the simplest terms, MonetaGo&rsquo,s regulatory advantage is that they do not use tokens.
&ldquo,The only purpose of the network is to transfer information inbetween people and ensure the integrity of that gegevens,&rdquo, said Taylor. MonetaGo&rsquo,s role is to transfer information among the three competitive exchanges.
He then laid out the fundamental difference inbetween what MonetaGo does versus a blockchain enterprise solution that uses a token:
&ldquo,A token essentially permits for accounting arithmetic to be performed on a blockchain to maintain value of a particular asset while transferring ownership of it. Wij [MonetaGo] are not doing that because wij are not transferring any value or ownership of anything. Wij are just transferring information from one party to another &mdash, that&rsquo,s the fundamental difference.&rdquo,
He went on to explain that albeit this live deployment lined up just spil RBI banned financial entities from dealing with cryptocurrencies, MonetaGo has bot working on its blockchain solution toneel since 2015. According to Taylor, deploying a tokenless blockchain solution takes significant time and effort, &ldquo,It&rsquo,s no mean feat to get a bunch of competitors to agree upon the same technology to use.&rdquo,
This article originally appeared on Bitcoin Tijdschrift.
Posted on Ten April 2018 | 8:21 am
Nano to Match $1M te Legal Fund Donations to Support BitGrail Hack Victims
The battle overheen who wasgoed at fault when millions of nano (XRB) vanished from an Italian cryptocurrency exchange earlier this year rages on. Te the latest twist to the story, the Nano Foundation is launching a legal fund to support the victims and says it will match up to $1 million te donations.
Stepping back, te February 2018, 17 million XRB, worth $170 million at the time, went missing from BitGrail, rendering the exchange insolvent. Accusations and speculation followed. BitGrail possessor Francesco Firano (better known by his pseudonym &ldquo,the Bomber&rdquo, on social media) insisted the problem stemmed from a bug ter Nano, while the Nano team pointed their fingers at BitGrail. Meantime, the victims of the breach were left to wonder whether this wasgoed a planned uitgang scam or an outside hack.
Some of the victims placed the blame on Nano, and on April 6, 2018, a class activity lawsuit wasgoed filed, charging Nano (formerly RaiBlocks) and its core team members with selling securities and alleging that the team encouraged investors to open accounts on the distressed and unknown BitGrail exchange. The class activity is also seeking a court ordered &ldquo,rescue fork&rdquo, to comeback funds lost te the hack.
Now, te what shows up to be a meteen response to the lawsuit, the Nano Foundation announced on a Medium postbode on April 9, 2018, a fund to support the victims of the breach ter their legal efforts to reclaim those funds. &ldquo,Wij felt it wasgoed significant to help ensure that victims who could not afford their own representation would receive the same quality of representation spil those who could,&rdquo, Nano Foundation wrote.
Come in Enger
Nano claims it reached out to Espen Enger, a citizen of Norway, who now represents overheen 1,400 BitGrail victims across February 2018. (Enger, himself a victim of the breach, posted a March 12, 2018 movie update of his efforts on YouTube.)
After a series of discussions, Nano says it &ldquo,became certain that Mr. Enger wasgoed the best-prepared person to manage a legal fund and a large group of BitGrail victims te their pursuit of justice te Italy.&rdquo, Shortly thereafter, Nano met with Enger and the Italian law hard BonelliErede.
Spil a result of thesis meetings, the Nano Foundation determined to match the contributions of the victims to the legal fund established by Enger up to $1 million. The hope is the gesture will encourage a windfall of donations and establish a total legal fund valued at $Two million.
So far, the victims represented by Enger have raised overheen $300,000 ter a multiplicity of currencies, Nano&rsquo,s contributions will raise that to $600,000. Nano claims the legal fund will be spent solely on behalf of the victims te their efforts to pursue their legal interests te connection with the BitGrail insolvency.
&ldquo,Mr. Enger has assured us that any money remaining after those efforts will be returned to the victims,&rdquo, Nano said te the statement, adding, &ldquo,Beyond the donations wij make, Nano Foundation will not have any access to or control overheen the funds.&rdquo,
Nano also says future updates regarding the victims&rsquo, legal deeds will come from Enger. Meantime, Nano resumes to hold its ground, stating: &ldquo,To date, all reliable evidence wij have reviewed proceeds to point to a bug ter BitGrail&rsquo,s exchange software spil the reason for the loss of funds.&rdquo,
This article originally appeared on Bitcoin Tv-programma.
Posted on Ten April 2018 | 8:13 am
Below $400: ‘Death Cross’ Hits Ether But Harm May Be Done
Ether will likely shrug off today’s lagging “death cross” indicator and could even rise toward $475.
Posted on Ten April 2018 | 8:00 am