US Congresspeople Who Own Cryptos Will Have to Identify Themselves

US Congresspeople Who Own Cryptos Will Have to Identify Themselves
Source: Themerkle.com

The time to take a stand on cryptos for US House members has come. Those who have bashed cryptos in public but have secretly been investing in them will now be outed, thanks to a new memo issued by the House Ethics Committee. The committee announced that it had decided to consider cryptos as “other forms of securities” for the purpose of financial disclosure. Members of Congress who own cryptos valued at $1,000 or more will be required to include this information on their annual financial disclosure statements. The memo also laid out policies regarding the involvement of members in ICOs as the country awaits the SEC’s assessment on how the prevailing securities laws apply to them. Mining Included as Well Cryptocurrencies are still a new industry, and existing oversight bodies have yet to come up with comprehensive policies to…

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4 Blockchain Entrepreneurs Win $100K Thiel Awards

4 Blockchain Entrepreneurs Win $100K Thiel Awards
Source: Coindesk.com

Entrepreneurs and developers behind four different blockchain startups can add their names to the list of Thiel Fellowship awardees. The Thiel Foundation, created and funded by billionaire investor and PayPal co-founder Peter Thiel, announced its 2018 class of Thiel Fellows on Friday. Among this year’s recipients are Vest co-founder Axel Ericsson, Polkadot co-founder Robert Habermeier, MyCrypto CTO Daniel Ternyak and Mechanism Labs co-founder Aparna Krishnan, according to a press release. They join the crypto community’s most notable Thiel Fellow – ethereum co-founder Vitalik Buterin, who received the award in 2014. Each recipient will be given a $100,000 grant over the next two years to help them build their current and future projects. In a newsletter, Allyson Dias, director of the Thiel Fellowship, said the purpose of the fellowship is to help young aspiring entrepreneurs to find innovative approaches to tackle real-world…

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UBS CEO Believes Blockchain is The Solution to Banking Woes

Source: Btcmanager.com

Sergio Ermotti, the Chief Executive Officer of Swiss investment bank UBS, believes that blockchain may be the answer to the banking industry’s woes. UBS Chief Discusses Blockchain When asked about blockchain technology in an interview with Finder on June 19, 2018, Emotti replied affirmatively. “It’s almost a must. The freeing up of resources to become more efficient will come through technology and blockchain is a great way [of reducing costs].” Ermotti’s statement comes at a time when banks such as UBS are suffering from smaller margins and increased regulatory pressure. A boost to efficiency and market advantage – both of which are offered by blockchain – may go a long way to set the bank apart from others in the running. He went on to state that he envisions distributed ledger technology will gradually overhaul the banking industry over the…

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What is Bitcoin? – New Kindle Edition

What is Bitcoin? – New Kindle Edition
Source: Bit-media.org

  Bit-Media recently announced the publication of its new e-book, What is Bitcoin? The e-book is available for download on Amazon.   What is Bitcoin, is a consistently high ranking search term on google and a question that our readers constantly ask. The new Kindle book, What is Bitcoin?, is not only an introduction to Bitcoin and blockchain but also a very handy resource guide, listing numerous resources that the Bitcoin enthusiast or trader might need.   FacebookTwitterSubscribe   A short summary of the contents of What is Bitcoin? Part 1 – An introduction to, What is Bitcoin? What can I do with BTC? How much do I need to know to be involved with Bitcoin? Legal requirements Part 2 – How is Bitcoin processed Part 3 – How to trade with Bitcoin Part 4 – How to store your…

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EOS Constitution Violated

EOS Constitution Violated
Source: Themerkle.com

Seemingly every single day, there is some new drama related to the recently-launched EOS blockchain. The record-setting US$4 billion ICO has made its way into the limelight once more with a recent move by blockchain producers (BPs) to freeze seven user accounts. The EOS blockchain is perhaps the most confusing entanglement of roles and rules of any existing blockchain. Rather than a decentralized, global network, the approach employed by EOS appears more akin to some bureaucracy. Recently, one “branch” of the EOS “government” violated the EOS constitution. With EOS, rather than being propagated by participants worldwide, work is delegated to just 21 entities, the 21 block producers. These BPs are anonymous and were elected based on a combination of token votes (1 EOS = 1 vote), a rubric of benchmarks, alleged randomness, and individual preferences. There were earlier reports of…

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Wendy McElroy: Crypto as Class Warfare

Wendy McElroy: Crypto as Class Warfare
Source: Bitcoin.com

The Satoshi Revolution: A Revolution of Rising Expectations Section 4: State Versus Society Chapter 9, Part 1 Crypto as Class Warfare “Antagonism between the classes will be removed. I do not envisage a dead and artificial level among the people. There will be a variety among them as there is among the leaves of a tree. There will certainly be no have-nots, no unemployment, and no disparity between classes and masses such as we see to-day. I have no doubt whatsoever that if non-violence in its full measure becomes the policy of the State, we shall reach essential equality without strife.” -Mahatma Gandhi Cryptocurrency is the realization of an anarchist dream that dates back centuries:  a free currency and a free banking system. Crypto is in its infancy, which means  its future applications are electrifyingly unpredictable, except in one regard:…

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Bitcoin Price Analysis: Is It Over?

Bitcoin Price Analysis: Is It Over?
Source: Bitcoinist.com

Is contagion from India’s Zebpay flash crash to $5,700 responsible for the pullback in bitcoin price or something else in the works? Market Overview Up till yesterday, BTC traded within a narrowing triangle, leaving investors guessing which side the cryptocurrency would choose but as a third attempt to surpass $6,800 failed, BTC briefly reversed back below the $6,700 support and $6,600 protected against further decline. Fast forward to Friday and BTC broke the support at $6,720, $6,550 and as mentioned earlier, touched a new monthly low near $6,075. Generally, the king of cryptocurrencies has been in a downtrend since dropping out of the ascending wedge on June 4th, but there are other factors that could be contributing to the current pullback. This week’s $30 million Bithumb hack appears to have had limited impact on BTC price and its not yet…

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Want to Take a VR Tour Inside a Cloud Mining Farm?

Want to Take a VR Tour Inside a Cloud Mining Farm?
Source: Livebitcoinnews.com

Regardless of your knowledge of cryptocurrency mining, you should seriously consider taking a virtual tour of HIVE Blockchain’s new spacious mining farm. Located in Sweden, the tour gives novices and experts alike the chance to see for themselves what exactly a mining farm looks like. For the less knowledgeable, it also serves as an opportunity to understand what goes on inside the halls of a large-scale crypto mining operation—which, unlike traditional mining operations, is completely digital. HIVE’s latest facility isn’t your uncle’s desktop mining setup. In fact, mining farms this massive in scale only come along rarely, and when they do, it’s uncommon that their owners allow the general public a peek inside, free of charge. But that’s precisely what HIVE Blockchain (TSX.V: HIVE) did when they released a 360° VR tour inside of their massive Sweden-based mining farm last…

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Tether’s Transparency Update Report Raises More Questions Than it Provides

Source: Btcmanager.com

In an exciting turn of events, the people at Tether seem to have finally done what they have not been able to do since dissolving their relationship with their auditor six months ago – produce an independent report on their currency reserves. While still not an actual audit, the report was supposed to silence the critics, but this is not exactly what’s happening. As a reminder, the US Commodity Futures Trading Commission had sent subpoenas to Tether and Bitfinex, a cryptocurrency trading platform, in December 2017, after Tether suspiciously created 50 million tethers (USDT) after being hacked for over $30 million. Tether claims its currency is backed by one USD for each token issued, in spite of an army of critics arguing that the company had been issuing more tokens than it had dollars in the bank. The Report Tether…

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What Is CEEK Cryptocurrency?

What Is CEEK Cryptocurrency?
Source: Themerkle.com

It is estimated that nearly 60 million concert tickets are sold in North America each year, thus indicating a strong demand for live entertainment on this side of the globe. However, it should be noted that many top performers are still not able to meet the hundreds of venue requests that they receive on a near-daily basis, creating significant missed revenue opportunities. CEEK is an all-new entertainment ecosystem that is powered by Ethereum-based smart contracts and governed via the use of a native blockchain protocol. In its most basic sense, CEEK enables concert-goers to virtually experience live performances by their favorite bands and artists without having to physically be present at the venue. As a result of this, performers can potentially sell an unlimited number of virtual tickets as well as authentic digital merchandise. From a functional standpoint, CEEK allows…

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Supremes Uphold Cell Privacy, Hope for Ross Ulbricht

Supremes Uphold Cell Privacy, Hope for Ross Ulbricht
Source: Bitcoin.com

The United States Supreme Court, in a 5-to-4 decision for the case Carpenter v. United States, ruled cops cannot access cell phone tracking information without a warrant. Around the country, privacy advocates and the mainstream media are hailing it as a “landmark” case. We’re told it has implications, “significance” for not only Fourth Amendment searches and seizures, but also for First Amendment expressions of speech. While better than the alternative, Friday’s decision is far from a satisfying answer.   Also read: Troll Slayer: Derek Magill Defends Peer-to-Peer Electronic Cash Against Defamation Supreme Court Issues Narrow Cell Phone Privacy Victory For the cryptocurrency community, cell phones, smart phones, mobile phones are a vital part of life. The misnomer is that they’re referred to as “phones.” They’re of course much more. They are computers, hot hard drives many of us use as…

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DICE’s Investment Mining Explained

DICE’s Investment Mining Explained
Source: Livebitcoinnews.com

Cryptocurrency is the new money. Being widely adapted over the initial years of friction in acceptance, the world is ready for the innovation it is about to bring. Along with Cryptocurrency, comes the new found freedom for traders and startups. Cryptocurrency ecosystem coined a new term of raising capital – the Initial Coin Offering (ICO). Although it opened up new gates of raising funds for the tech start-ups, but with lots of advantages, ICO carries its baggage of problems too, such as – An organization with physical nature of commodities cannot digitize its products hence are not able to move to cryptocurrency platform. The process to reach ICO itself is very time consuming and expensive. Proof-of-work poses challenges and problems like higher computation power consumption. DICE cryptocurrency comes as a potential solution to all these challenges and opens up the…

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What Is 21e8?

What Is 21e8?
Source: Themerkle.com

If you’ve spent much time on crypto Twitter within the past couple of days, you may have seen some discussion and even hysteria regarding a recently-mined block. Block #528249’s six leading characters were “21e800”, a phrase that has grabbed the attention of conspiracists and curious individuals throughout the cryptocurrency space. “An Exceptionally Simple Theory of Everything” is often referred to as E8 Theory, the mathematical model on which it is based. The Theory of Everything asserts that the interaction of all forces within the universe can be explained through a single mathematical model. It was first introduced in 2007, and remains unproven. E8 Theory provides a major stepping stone in unlocking the potential of quantum computing. Quite possibly the longest and most cryptic hashtag to gain traction on Twitter, #00000000000000000021e800c1e8df51b22c1588e5a624bea17e9faa34b2dc4a has been the source for discussion on whether or not 21e800 carries…

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3 Reasons Why ‘This Is Not the Funeral For Bitcoin,’ According to Brian Kelly

3 Reasons Why ‘This Is Not the Funeral For Bitcoin,’ According to Brian Kelly
Source: Bitcoinist.com

While some analysts are stereotypically predicting Bitcoin’s funeral following its continued bearish trend, trader Brian Kelly has urged followers to cool their jets and look at the bigger picture. 3 Reasons Why Bitcoin is Not Dead There are three primary reasons why Bitcoin’s current price action is not indicative of the first and foremost cryptocurrency’s untimely death, according to popular trader Brian Kelly. “This is not the funeral for Bitcoin whatsoever,” the CNBC “Fast Money” analyst told viewers following the cryptocurrency market leader’s most recent plunge. “All of a sudden we’re declaring that the Bitcoin funeral is here.” That sentiment, Kelly argues, is a positive sign for an impending reversal of price action. He explained: When we start to declare a funeral, and things get really horrible, the sentiment is approaching the lows. So, hopefully, we’ll use that funeral FUD…

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Institutional Investors Trust TrueUSD as Cryptocurrency Gateway

Source: Btcmanager.com

Cryptocurrency enthusiasts have long heralded the arrival of institutional money, but expressed concerns over the limitations of trading pairs and the controversy surrounding Tether. TrueUSD Finds Favor Over Tether The recent success of TrueUSD, however, suggests that fiat-backed cryptocurrencies could be the bridge that enables institutional investors to enter the space confidently. The fully-audited Tether competitor launched in March, fully funded by venture capital firm of Web browser billionaire Marc Andreessen and Ben Horowitz. As an audited stablecoin, the crypto provides a perfect way for traditional portfolio managers to enter the space, says Tory Reiss, TrustToken’s vice president of business development in San Francisco. “If you’re a cryptocurrency portfolio manager, you know there is usually not fiat on cryptocurrency exchanges so if you need a cash position to move in and out of a token, it’s better to deploy capital…

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Aeron: The Future of Aviation and the Blockchain

Aeron: The Future of Aviation and the Blockchain
Source: Coinidol.com

Jun 23, 2018 at 12:33 // News The modern world has progressed at a staggering rate. this can be attributed to breakthrough technological innovation. Most notably, blockchain technology has revamped and improved numerous industries in recent years. Blockchain technology is in its relative infancy, however a number of established industries have been disrupted. One industry of note is aviation. Aviation has become one of the most popular and safest methods of transport. In 2017 the aviation industry boasted a total market capitalization of USD 2.5 trillion dollars. Almost 4 billion passengers and 104,000 flights are made annually. A study held by Boeing, in their 2017 Boeing aviation market outlook, shows that the number of both passenger, and freighter fleet is set to double by the year 2037. Aviation coupled with blockchain technology has the potential to unite the world. Aviation…

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Crypto Non-Profits Are Flawed – Zcash Thinks It Can Change That

Crypto Non-Profits Are Flawed – Zcash Thinks It Can Change That
Source: Coindesk.com

On the eve of the Zcash Foundation’s first major gathering, cryptocurrency aficionados worldwide are watching to see if the year-old non-profit can rehabilitate a long-maligned model of governance. Earlier this month, dozens of privacy tech fans from across the ecosystem, from lawyers to monero community veteran Justin Ehrenhofer, joined the foundation’s online forum to vote for two new additions to the board of directors by the Monday deadline. The election will bring the total number of board members up to five, in addition to one elected runner-up in case any member steps down. The ballot results will be discussed at length during Zcon0, which kicks off the next day in Montreal, drawing 145 attendees. The election is noteworthy for several reasons. One is the relative transparency of the process. The community panel voters, many of whom are not affiliated with the…

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Irish Banks Withdraw Banking Services of Legal Cryptocurrency Businesses

Source: Btcmanager.com

Irish cryptocurrency firms have been forced to cease trading activities or open foreign bank accounts after banks refused to provide their services to the digital asset sector. Irish Firms Face the Heat A report on The Irish Times on June 21, 2018, confirmed the claims of cryptocurrency businesses and listed out several firms facing the unfortunate situation. Cork-based Bitcove, a recipient of Bank of Ireland’s “best business start-up” award in 2017,  was “particularly aggrieved” by the situation. The bitcoin exchange has been legally operational since 2014, and enjoyed the banking services of AIB, Permanent TSB and Bank of Ireland. However, the banks have closed the company’s accounts. Peter Nagle, co-founder of Bitclove, stated: “The reasons cited has been that they do not support companies offering cryptocurrency exchange facilities despite the fact they had previously given us an account for this…

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Crypto Trading 101: A Beginner's Guide to Candlesticks

Crypto Trading 101: A Beginner's Guide to Candlesticks
Source: Coindesk.com

That kid you know who’s now driving a Lambo because he traded something called dogecoin? He has more in common with Japanese rice traders from the 1700s than you might think. Besides the ability to brag about their newfound riches, both traders likely analyzed price action and investor emotions by using the candlestick charting style. Although modernized in the late 1800s by journalist Charles Dow, the core principles of candlestick charting remain intact today. Both the modern and historical technical analysts who swear by the style regard price action as more important than earnings, news or any other fundamental principles. In other words, all known information is reflected in the price, which is precisely displayed in the candlestick. Anatomy of a candlestick A candlestick represents the price activity of an asset during a specified timeframe through the use of four…

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The Daily: Analysts Predict Bitcoin Will Rebound, Enthusiasm for State Coins Lost

The Daily: Analysts Predict Bitcoin Will Rebound, Enthusiasm for State Coins Lost
Source: Bitcoin.com

In today’s Bitcoin in Brief we mention some optimistic mid to long term predictions for crypto markets. And while decentralized currencies are hurting in a bearish month, the prospects for state-issued virtual money look even dimmer. Another senior Swiss central banker has noted the diminishing enthusiasm of governments to mint digital coins. Venezuela gives an example – Caracas has recently fired the nation’s crypto superintendent, reportedly for failing to raise billions through Maduro’s favorite El Petro.  Also read: Bitcoin in Brief: Plagiary, Numerology, and Nano Does a No-No Bottom Line: Bitcoin Will Recover It takes a lot of optimism to make bullish predictions at a moment like this, but if it’s a relatively long term prognosis for growth, preceded by a short term one for further drop, then it does sound like a safe bet. Todd Gordon, founder of Tradinganalysis.com,…

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Trade.io and Bloomberg Host “The Future of Cryptocurrencies” Event

Trade.io and Bloomberg Host “The Future of Cryptocurrencies” Event
Source: Coinidol.com

Jun 23, 2018 at 11:28 // News Cryptocurrencies and blockchain technology have erupted into the modern world in recent years. We are in the early stages of realising the potential of this technology. The financial landscape has been disrupted and countless industries are being revamped thanks to the many benefits of the blockchain. Leading this financial revolution is the likes of trade.io, who have introduced the next generation of financial institutions based on blockchain technology. Many have joined the trading revolution with trade.io, after a successfully completed Token Sale in January 2018. The Token Sale did tremendously well, raising over 31 million USD from loyal participants and community members who want greater transparency in the financial markets. Trade.io have elevated themselves by providing the ultimate in security and transparency with its exchange, as well as its highly sought after Token…

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The Highest Academy for Science in China Launches Blockchain Laboratory

The Highest Academy for Science in China Launches Blockchain Laboratory
Source: Coinidol.com

Jun 23, 2018 at 10:45 // News China’s Federal Science Institution,  the Chinese Academy of Sciences, is participating in a new scrutiny struggle around blockchain technology to boost its economy. China’s giant academy for science revealed that it had started a fresh “Big Data and Blockchain Laboratory” during the 15 June seminar, as per People’s Daily, a media platform that is owned by the state. The blockchain laboratory that is being launched working together with Tai Cloud Corp, a Beijing-based blockchain startup, will mostly concentrate on the connection existing between mathematics and blockchain technology. Is There any Positive Hope in this Launch? Xiaoshan Gao, Deputy director Center for Mathematics and Interdisciplinary Sciences in Chinese Academy of Sciences, strongly believes that the mathematical methods will largely contribute a positive change and play an important key role in various important core issues surrounding…

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