Former US Regulator Wants to Label XRP and Ether as Securities

Former US Regulator Wants to Label XRP and Ether as Securities
Source: Themerkle.com

It has become more than apparent that regulators will continue to focus their attention on the cryptocurrency industry for quite some time to come. Gary Gensler, a former regulator in the Obama administration, has made some very interesting comments. In his opinion, both Ethereum and XRP were issued and traded in violation of American securities regulations. It seems doubtful there will ever be evidence to back up such claims.   Another Attempt to Disrupt Cryptocurrency’s Momentum Most cryptocurrency enthusiasts are all too aware that regulators often try to disrupt positive momentum in the cryptocurrency industry. Every time the Bitcoin price goes up after a rough period, some form of regulatory news will pop up out of nowhere to scare off potential investors. We have seen this cycle repeat itself multiple times over, with China issuing new guidelines, banks cracking down on exchanges, and so forth….

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Facebook to Be Sued for Defamation Related to Scammy Bitcoin Ads

Facebook to Be Sued for Defamation Related to Scammy Bitcoin Ads
Source: Bitcoin.com

In what is being referred to as a “groundbreaking lawsuit”, United Kingdom financial guru Martin Lewis is taking aim at Facebook’s lack of vigilance with regard to fake accounts. Mr. Lewis claims his likeness and reputation were used in multiple fraudulent instances, peddling mostly investment advice for assets such as bitcoin. Also read: James Bond-Like Villain in $2 Million Bitcoin Heist Caught in Amsterdam Facebook to Be Sued for Defamatory Bitcoin Ads “I will issue High Court proceedings against Facebook,” the popular UK financial advisor posted in lieu of his regular column, “to try and stop all the disgusting repeated fake adverts from scammers it refuses to stop publishing with my picture, name and reputation.” Mr. Lewis is proprietor of a consumer finance site and host of Independent Television’s (ITV) The Martin Lewis Money Show. “Within the last year,” a press…

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Video Digest, April 25: Central Bank of Iran Bans Cryptocurrency Dealings, Bitcoin Price Finally Hits $9,000, Russia to Put More Regulations on Cryptocurrency Market, Amazon to Enter the World’s Cryptocurrency Market

Video Digest, April 25: Central Bank of Iran Bans Cryptocurrency Dealings, Bitcoin Price Finally Hits $9,000, Russia to Put More Regulations on Cryptocurrency Market, Amazon to Enter the World’s Cryptocurrency Market
Source: Coinidol.com

Apr 25, 2018 at 15:47 // News Welcome to Coin Idol TV News channel. Today we are featuring the most interesting news or the cryptocurrency world. The burning topics are: Central Bank of Iran bans cryptocurrency dealings, bitcoin price finally hits $9,000, Russia to put more regulations on cryptocurrency market, namely ICOs, Amazon to enter the world’s cryptocurrency market by implementing blockchain. [embedded content] The Central Bank of Iran (CBI) has put a ban on the country’s banks from offering services to all cryptocurrency exchange firms due to money laundering concerns in the country. The Islamic Republic News agency (IRNA) on Sunday reported that the CBI’s Supreme Committee, in charge of curbing money laundering and stopping capital flight in Iran, issued a circular disallowing banks and other financial institutions from carrying out transactions that enable buying, promoting and selling cryptocurrencies….

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55 Percent Against Ethereum’s Parity Wallet from Returning “Locked-Up” Ether

55 Percent Against Ethereum’s Parity Wallet from Returning “Locked-Up” Ether
Source: Btcmanager.com

After a single buggy smart contract in the Parity Ethereum wallet locked-up 600,000 ETH in November 2017, the ongoing GitHub debate raised in the Ethereum Improvement Proposal (EIP) 999 is heating up. Smart Contracts Not Completely Bug-Free The wallet was infiltrated “accidentally” by GitHub user ‘devops199,’ who found out that a bug in the smart contract could be exploited to gain complete ownership of all underlying contracts. Ironically, the bug was caused by Parity’s multiple signatory code – which was supposed to increase security. To combat this, an EIP-999 was raised to discuss a potential update that would “patch” the faulty smart contract and allow users to gain access to their ‘locked’ ETH. At the time of writing, the locked ETH equates to a staggering $418 million. And since every decision on open-source projects needs to be publicly approved, the…

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The Pillar Project Adds Token Camp, Stellar Lineup to Summer Unconference

The Pillar Project Adds Token Camp, Stellar Lineup to Summer Unconference
Source: Bit-media.org

The Zug-based nonprofit building the world’s most advanced cryptocurrency and token wallet announce exciting additions to its summer unconference. London, United Kingdom – April 25th, 2018 – The Pillar Project, a Swiss non-profit foundation building the innovative Pillar smart wallet for cryptocurrencies and tokens, announces several exciting additions to its unconference in Vilnius, Lithuania, from July 15th – 22nd, 2018.     The Pillar unconference is an unstructured, crowd-sourced event for entrepreneurs, technologists, the Pillar community, and those interested in learning more about cryptocurrencies, blockchain, and decentralized technologies.   Famed technologist Vinay Gupta, one of the original members of the Ethereum Foundation, Lex Sokolin, Global Director of Fintech Strategy and Partner at Autonomous Research, as well as YouTube celebrity Jsnip4, will join the lineup of speakers expected to attract more than 500 blockchainers to the Lithuanian capital.     Sokolin, an…

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Fundstrat Survey Shows Institutional Investors Are Confident Bitcoin has Bottomed Out

Fundstrat Survey Shows Institutional Investors Are Confident Bitcoin has Bottomed Out
Source: Livebitcoinnews.com

The positive momentum among cryptocurrency enthusiasts should not be overlooked whatsoever.  In fact, it seems most experts are convinced the bearish trend for 2018 has come to a full step. Even institutional investors appear to be thinking along the same lines, which is a bit surprising. If Bitcoin has indeed bottomed, things will get rather interesting from here on out. It is difficult to say how the Bitcoin price will evolve. Everyone has a different take on the world’s leading cryptocurrency. With short-term bearish pressure forming right now, anything is possible. Even so, institutional investors remain confident things will get better from here on out. A survey shared by Fundstrat’s Thomas Lee paints a very interesting picture in this regard. Institutional Investors Turn Bullish on Bitcoin The Fundstrat survey shows how most investors consider the Bitcoin price bottom to be…

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Connecting People Worldwide with Avatar-Based Platform that Makes Omnipresence a Reality

Connecting People Worldwide with Avatar-Based Platform that Makes Omnipresence a Reality
Source: Themerkle.com

Advanced technologies like artificial intelligence (AI) and virtual reality (VR) are struggling to provide unparalleled user experiences. Live streaming videos, VR games, and tele-tourism are gaining popularity, providing the average consumer with new ways of interaction and connection to the outside world. However, people don’t want to live in a virtual space; they want to enjoy real-life experiences and benefit from deeper connections to satisfy their needs. Disclosure: This is a Sponsored Article With the help of modern mobile technologies, telepresence platform Ubiatar has turned to Blockchain technology to develop UbiatarPlay, a new project that will take tele-tourism to the next level. The Ubiatar service already has the technology, software, and apps to help UbiatarPlay gain recognition. With over 1,000 active users, and currently available on the Android and iOS marketplace, Ubiatar puts ubiquity into the hands of the people….

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5 Reasons to Invest in Paymon

5 Reasons to Invest in Paymon
Source: Coinidol.com

Apr 25, 2018 at 15:15 // News Paymon is an IT-company devoted to improving blockchain technologies. After the first round of ICO on March 5, the startup took up developing its own blockchain and cryptocurrency: PMNC (Paymon Coin). At the moment, Paymon is conducting the second round of ICO that ends on May 3. So, here are 5 reasons why it is worth investing in this project. 1. The Team is Open, Innovative & Dynamic The Paymon team is young, ambitious and open to its investors and users. These students from Russia came together not for ICO, but for the project. They’ve been working together as a team for two years, and it’s easy to get to know them personally. They take part in blockchain-conferences, and aren’t afraid to show their faces and names on social media. It’s easy to…

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KittyRace Lets CryptoKitties Race One Another on the Blockchain

KittyRace Lets CryptoKitties Race One Another on the Blockchain
Source: Themerkle.com

It was only a matter of time until we saw some further developments in the CryptoKitties department. That particular project has raised a lot of money and attention over the past few months. KittyRace aims to build further on this concept by letting owners of CryptoKitties race their cats against one another. Whether or not there will be much of an interest in doing so is a different matter altogether. KittyRace Also Welcomes Spectators It is quite interesting to see how KittyRace aims to make an impact on the blockchain asset space. More specifically, the project takes a page out of the book of CryptoKitties and goes one step further. More specifically, this new platform lets owners of CryptoKitties race their assets against one another. While no one has asked for such a service, it is still pretty interesting to keep an…

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82% Of Institutional Investors ‘Believe Bitcoin Has Bottomed,’ Fundstrat Survey Finds

82% Of Institutional Investors ‘Believe Bitcoin Has Bottomed,’ Fundstrat Survey Finds
Source: Bitcoinist.com

Fundstrat Global Advisors cofounder Tom Lee has revealed traditional finance strongly favors cryptocurrency after a personal survey convinced him “big money” will soon enter the market. Lee: Results Are ‘Leading Indicator’ For Crypto Capital Influx Uploading the results of a questionnaire he delivered to invitees of a small gathering April 23, Lee, who is famous for his positive Bitcoin price outlook, said the “small group” of institutional investors “believe BTC has bottomed.” Attending were a crypto and traditional macro hedge funds, players Lee described as “long-only.” “We see this as a leading indicator for inflows of big money into Crypto,” he commented. Among the feedback from the funds was a 60/40 split against John McAfee’s prediction Bitcoin will hit $1 million by the end of 2020, while the most popular price zone for the end of this year was between…

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Sensor Data Exchange Platform DataBroker DAO Announces Worldwide Roadshow Dates

Sensor Data Exchange Platform DataBroker DAO Announces Worldwide Roadshow Dates
Source: Bitcoinprbuzz.com

Bitcoin Press Release: Global marketplace for selling and buying sensor data, DataBroker DAO, has announced a set of dates where it will taking part in different summits and conferences, meetings, and appearances to interact with the public. 25th April, 2018: DataBroker DAO, a decentralized platform that enables individuals and organizations to sell and buy sensor data for research and analysis, has announced a list of dates for its globe trotting roadshow, starting April 16th. Modern technology has seen an explosion of different sensor devices being in our daily lives. DataBroker DAO plans to allow owners of these devices to sell their data to buyers, unlocking a largely untapped market. Researchers and organizations have a tough time looking for data from users, often buying it at a hefty premium from big data companies. The source and ethical collection of data is…

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Bonpay Moves Beyond Bitcoin Wallet to Become a Cryptocurrency Payment Platform

Bonpay Moves Beyond Bitcoin Wallet to Become a Cryptocurrency Payment Platform
Source: Bitcoinprbuzz.com

Bitcoin Press Release:  Last year Bonpay launched a simple and secure crypto wallet that quickly found its niche on the market. At that time Bonpay was a start-up, run by a small team of enthusiasts who wanted to make using cryptocurrency easy and simple. But we believed that we could become something more and needed funding to prove it. Since Bonpay Wallet will always be free, we decided to crowdsource the money. April 25, 2018, London –  In late October 2017 BonPay launched their token sale and gathered more than 10 000 000 USD to create a full-fledged cryptocurrency payment system. Now Bonpay are ready to report on how they are putting the money to good use. New features and updates Mobile version. While IOS and Android apps are in the pipeline, at Bonpay they understand that not everyone wants…

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Indian Central Bank Challenged in High Court over “Unconstitutional” Crypto Regulation

Source: Btcmanager.com

The High Court of Delhi has sought a response from the Central Government of India over a statement issued by the Reserve Bank Of India on April 6, 2018. Amidst other restrictions, it barred banks and other financial institutions across the country from providing any banking services to companies involved in dealing with cryptocurrencies. The High Court also directed the GST Council and RBI to present their argument by the date of the next hearing. A Petition Challenging RBI Circular Ahmedabad based Kali Digital Ecosystems Private Limited had first filed a writ petition on April 16, 2018, arguing that the RBI regulation was a violation of articles 19(1)(g) and 14 of the Indian constitution. Kali Digital Ecosystems operates a multi cryptocurrency exchange. Kali Digital Ecosystems has reportedly hired the legal firm Khaitan and Co. as its legal council. The petitioners…

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Exploring Papyrus Technological Infrastructure

Exploring Papyrus Technological Infrastructure
Source: Coinidol.com

Apr 25, 2018 at 14:36 // News Over the past couple of years, Blockchain technology has quickly risen to mainstream prominence and it is believed that it will shake up and disrupt various industries such as Banking, Energy, Music, VR/AR, Health Care and several others. However, one of the industries that is most in need of a blockchain intervention is Digital Advertising. Traditional Digital Advertising has established a notorious image for itself — one that is characterized by a lack of infrastructure to curb fraudulent practices that prevent over 50% of ads from ever reaching the public, and internal inefficiencies that cost publishers approximately $51 million per day. The major issues being faced by digital advertising can be traced back to three sources — lack of transparency in the organizational structure, fraudulent activities, and a lack of privacy management. As…

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Bitnation’s Blockchain Jurisdiction is Released for Android and iOS

Bitnation’s Blockchain Jurisdiction is Released for Android and iOS
Source: Themerkle.com

After three years of market research and engineering, Bitnation’s long-awaited smartphone-based Blockchain jurisdiction has hit the Google Play and iOS stores. Over 15,000 citizens have already been registered in advance of release. Over 100 autonomous voluntary nations have already been created on the software, and over 450 had been registered in advance of release. Is this the beginning of a new era of peer-to-peer governance? Disclosure: This is a Sponsored Article Founded in 2014 by CEO Susanne Tarkowski Tempelhof, Bitnation is a team of 22 engineers and governance experts headquartered in Amsterdam. They won the prestigious UNESCO NetExplo Grand Prix in 2017 and now their goal is to create a configurable peer-to-peer jurisdiction that anyone can use anywhere from their smartphones — literally putting the law into everyone’s hands. The first version is available to download for Android from Google…

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Gemini Teams Up With Nasdaq to Monitor Market for Abusive Trading Practices

Gemini Teams Up With Nasdaq to Monitor Market for Abusive Trading Practices
Source: Livebitcoinnews.com

The bitcoin exchange created by Cameron and Tyler Winklevoss is teaming up with Nasdaq Inc., in a bid to boost defenses against bad actors. Under an agreement, the Gemini Exchange will use Nasdaq’s surveillance software, SMARTS, to monitor the market for abusive trading practices, the Wall Street Journal reports. Cameron Winklevoss, president and co-founder of Gemini, said in an interview that: We’re doing this because we believe in the importance of creating a rules-based marketplace. We believe this is where things are headed. News of the partnership comes at a time when global regulators are stepping up their efforts to look into the practice of how cryptocurrency exchanges operate. The U.S. Securities and Exchange Commission (SEC) is one agency that is taking a keen interest in the market. Last week, it issued a subpoena against Riot Blockchain, a company that changed…

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Electroneum Hard Fork Electronero Combines Features From Different CryptoNote Currencies

Electroneum Hard Fork Electronero Combines Features From Different CryptoNote Currencies
Source: Themerkle.com

When several weeks go by without a cryptocurrency hard fork, one would almost assume something is wrong. Luckily, that is not the case, and a new currency has been announced. Known as Electronero, this new altcoin is a hard fork of the Electroneum currency, which also borrows a lot of functionality from Monero. It’s an interesting mix of various features combined into a potentially powerful project. Under the Hood of Electronero Anyone who has paid attention to the cryptocurrency ecosystem will have noticed that not every currency provides privacy or anonymity features. In most cases, one has to look into CryptoNote currencies, all of which contain privacy and anonymity-oriented features. Monero is a pretty good example of how CryptoNote-based currencies are worth paying attention to. As such, it is not entirely surprising to see developers take an interest in hard forking existing CryptoNote…

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Two Big Crypto Startups Are Out to Build One Universal Wallet

Two Big Crypto Startups Are Out to Build One Universal Wallet
Source: Coindesk.com

If the future is to bring an endless variety of cryptocurrencies and tokens, the world will need a wallet that can hold them all. Now, two of the most prominent startups in the sector are teaming up to entice developers to build just that. Announced Wednesday, decentralized internet startup Blockstack (through its venture capital fund, the Blockstack Signature Fund) and exchange platform ShapeShift are jointly offering a $50,000 bounty to the team or developer that makes the best open-source “universal” crypto wallet. Contestants need to use Blockstack’s authentication, storage and encryption technology combined with ShapeShift’s API for token exchange. The goal is to build a wallet that supports almost any native token, even tokens that haven’t been created yet, before the deadline on June 29. Xan Ditkoff, head of growth and business development at Blockstack, explained: “We’re super early in this space….

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B21 Joins the DNA Fund Portfolio

Source: Coinspeaker.com

The DNA.Fund has expanded its portfolio of promising clients with the addition of cryptoasset portfolio manager B21. B21 is the world’s first personal wealth manager exclusively focused on cryptoassets. Their aim is to bring cryptoasset investing to the mass market, making investing in cryptoassets easy and available to everyone. The B21 team is  focused on building a community of global investors to drive growth and adoption of blockchain technologies. B21 is differentiating itself by developing a platform which makes the currently complex cryptoasset markets easily manageable over a smartphone application. B21 allows customers to invest in cryptoassets like Bitcoin, Ethereum and EOS as well as other altcoins using local fiat currency. The company are solving on ramping, user interface and trust issues by launching an easy to use, transparent and regulated service1 targeted at the general public. With the B21 application…

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Snoop Dogg to Perform at Ripple’s Invite-Only Blockchain Party in NYC

Source: Coinspeaker.com

Less than a month is left till XRP Community Night. The event is for invited guests only. But 10 users will have a chance to win a ticket. Ripple has announced that in the framework of Blockchain Week NYC in May they are going to hold their XRP Community Night featuring a live music performance by Snoop Dogg who has already shown his interest in cryptocurrencies. The event itself is aimed at celebration of the company’s hard work on developing its XRP token and ledger technology. In their blog post Ripple team described their VIP event the following way: “As special thanks to those who are building liquidity, validating transactions, developing on the XRP Ledger, looking to xRapid as a liquidity solution and sharing the good word about XRP’s many benefits, we’re hosting a special night.” The event is for invited guests…

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Bettium, Peer-to-Peer Blockchain Analytical Platform, Announces Token Sale

Bettium, Peer-to-Peer Blockchain Analytical Platform, Announces Token Sale
Source: Coinidol.com

Apr 25, 2018 at 13:49 // News Bettium has announced today the token sale to raise funds for its analytical blockchain platform for P2P betting, designed to combine the familiar features of online betting with unprecedented new capabilities, such as a built-in AI assistant, Big Data analytical tools and algorithmic betting. The platform will serve both amateurs and betting professionals in a unified ecosystem based on the blockchain with all its associated advantages: decentralization, reliability, transparency, scalability and unprecedented performance. “The online betting market is on the threshold of tectonic change. Blockchain will revolutionize the industry, significantly expanding the user base by ushering in new standards for functionality and reliability that will radically change the way individuals interact with each other. The Bettium platform will present a cleaner, more responsible alternative to the traditional bookmaker, fundamentally altering perceptions of sports…

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Chinese Authorities: We Have Successfully Shutdown all ICOs and Cryptocurrency Businesses in China

Source: Btcmanager.com

China declared total war on its local virtual currency environment by placing a blanket ban on initial coin offerings (ICOs) and cryptocurrencies such as bitcoin and other altcoins, late 2017. Now, the Chinese authorities have declared total victory, stating that all relevant businesses have indeed been crushed. A Close Watch on Fundraisers According to Reuters, major financial regulatory bodies in the Asian nation, including the Peoples Bank of China (PBOC), have pledged to keep a close watch on private lenders, securities firms and futures trading companies. These steps have been taken in a bid to crackdown on corrupt fundraising practices as well as ensuring firms are not charging investors exorbitant interest rates. China’s buckling down on the sector is no doubt related to the bad actors taking advantage of the decentralized and unregulated nature of the global digital currency space…

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Squeezer a Blockchain Development Platform Based on Microservices

Squeezer a Blockchain Development Platform Based on Microservices
Source: Themerkle.com

Nick Chisiu, former ConsenSys consultant announces his new company, Squeezer, is the world’s first platform in today’s blockchain industry to merge it with the power of microservices. After Nick stopped working as a blockchain consultant for ConsenSys, he coupled with a diverse portfolio of projects. Disclosure: This is a Sponsored Article In 2015, Nick created the Squeeze Framework, turning his vision into reality, merging microservices with the power of the blockchain. The Squeezer Framework is very popular among the cryptocurrency community, the Framework see’s an impressive 75,000 downloads per month globally. Blockchain popularity props up microservices application As blockchain popularity and market demand made Nick determined to further the development of the platform, Nick has come up with the unique idea of further developing Squeezer by upgrading the blockchain connector based on microservices, The sing unified blockchain connector will allow…

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DACSEE Launches Blockchain-Based Ride Sharing Mobile App In Malaysia

Source: Coinjournal.net

Decentralized Alternative Cabs Serving & Empowering Everyone (DACSEE), a ride-hailing platform built on blockchain technology targeting the Asian market, has launched its mobile application, debuting in Malaysia, the startup announced on Wednesday. DACSEE is now available for Android users in Malaysia. The iOS app will be available on April 27. The startup said the mobile […] The post DACSEE Launches Blockchain-Based Ride Sharing Mobile App In Malaysia appeared first on Coinjournal.

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BaaSid Represents a 100% Decentralized Personal Information Network

Source: Coinspeaker.com

[embedded content] Nowadays reality dictates information to replace the most precious assets alike money and gold, eventually becoming the currency of the world that might be efficiently used to influence public perception. Where the merchants of the past century were obsessed over how to use television to beam ideal images of their goods into clients’ homes, today’s companies hope that big data will allow them to easily manipulate customers’ deepest hopes and fears. However, the approaches to collect needed data frequently step out of legal borders while these companies do not disdain to use malicious activities to reach their ultimate goals. Explicit example depicts the recent scandal over Cambridge Analytica that was accused of developing an app conceived to collect demographic data on tens of millions of Facebook users, largely without their knowledge and consent. The fallout of Cambridge Analytica…

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