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seemingly made little to no effort to filter out assets that have a high potential of turning out to be scams use can market cap with care kin market cap is an excellent platform if you want a quick and dirty snapshot of whether market roughly is however using kin market camp prices to make trading decisions or worse to price financial instruments or value portfolios means opening yourself up to an added layer of risk kin market caps shortcomings are perhaps most pronounced when it comes to small cap crypto suits where the price listed on CMC is regularly far away from where you can actually trade the asset especially if you are looking to trade more than a few hundred dollars the current pricing methodology deployed by kin market cap combined with its lack of due diligence makes the platform unusable for serious investors hence it is not surprising that a range of new crypto set price data platforms have launched in the last few years as financial institutions are searching for trustworthy pricing to build new cryptocurrency based financial products and solutions kin market cap remains the go-to crypto pricing source for retail investors and this is unlikely to change soon the platform’s first mover advantage has enabled it to establish itself as an authority despite its evident shortcomings for the sake of new investors entering the space commentators can only hope that CMC cleans up its act and improves the quality of the data it provides on its platform want to see accurate up to the nanosecond cryptocurrency pricing that is faster than kin market cap visit our sponsor at Ohio Bitcoin comm thanks for watching this has been the Bitcoin crypto currency market top 10 report today is sponsored by Ohio Bitcoin comm we appreciate you spending a bit of your valuable time with us we broadcast numerous times throughout the day so stay tuned disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin calm nor the author is responsible for aim losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with the next up to the nanosecond edition of the Bitcoin crypto currency market top 10 crypto report we understand the importance of security around private keys dot the entry of institutions into the cryptocurrency sector has been an important point of discussion in the crypto sphere this reason was the backbone of the hype created by the entry of fidelity into the world of digital assets in a recent interview during the DC blockchain summit Tom Jessup the head of fidelity digital assets stated that the organization had planned to get a foot in the crypto race for a long time he revealed that fidelity had hired cryptographers and other officials earlier to ensure that they were always one step ahead in the crypto race Jessup stated that when he joined the company many companies were getting ready to bring in digital assets at a time when the buzz around Bitcoin was blooming he said one of the main areas of focus is to understand the current market infrastructure and to create a roadmap aim to go further by integrating new technologies the security around private keys is another aspect we consider and understand because we have been mining Bitcoin for some time we had the DNA earlier all we need to learn is how to transfer it Tom Jessup also claimed that fidelity had secure locations in multiple jurisdictions and multiple cold storages ie storages that have never touched a network in the ecosystem according to Jessup fidelity wants to launch a state-of-the-art platform by the end of 2019 he also addressed the expectation that fidelity would conduct of grand launch of the platform in q1 Jessup added we will also begin scaling of the platform but that is easier said than done the company needs licenses and jurisdiction when earlier the interest was largely around cryptocurrencies and native hedge funds fidelity also commissioned a study to talk to many institutions about crypto allocations with an to solve the issue of market volatility in an earlier interview with CNBC Jessup touched upon the lack of education in the space and said they’ve approached us wanting to learn which is an encouraging sign that’s not to say that there’s a cohort of people that once they get educated will still have a negative view despite Bitcoin crash Wall Street veterans are tackling institutional crypto over recent months blockchain calm coin base and coin list have all announced the loss of Wall Street veterans slated to help the startups in their foray into the institutional side of the crypto coin but startups in this space seem to be poised to welcome financial institutions into the Bitcoin BTC realm with open arms the fact that such companies continue to get funded should be an indicator that the institutional herd is coming as former goldman sachs partner mike Novogratz likes to put it goldman sachs exact ago me raises 12 million dollars last year Gregg – sir the former head of electronic trading at Goldman Sachs and his partners quietly launched a cryptocurrency focused startup name to go me while the company did face an uphill battle due to the falling market the venture launched in mid-december just as BTC established a fresh low at the harrowing price point of three thousand one hundred fifty dollars for those who missed the memo here’s a tad bit more about the project and what it aims to accomplish in this embryonic space Tacoma is focused on providing prime broker-dealer services primarily for its Bigwood clients the American start-up intends to produce a liquidity pool easing slip page for gargantuan block orders while ensuring the transparency and proper trade reporting is upheld in a separate interview with the block to sir alluded to the fact that to go me is or is aiming to fill that gaping hole in this industry and quick he explained that there hasn’t been a single platform that had shepherded clients from depositing fiat deciding on an investment thesis allocating capital to cryptocurrencies securing holdings and all the way to managing these investors for the long haul while this premise already secured a stamp of approval from Peter Thiel the dawn of the so-called PayPal mafia which in Sealand musk lighting Network supporter Reid Hoffman Pro crypto David Sachs tegami recently closed another round of funding even amid lackluster industry conditions to sir and his peer former Union Square Ventures analyst Jennifer Campbell sat down with Bloomberg to discuss the subject matter on Monday in the interview the do well revealed that two Gomi raised twelve million dollars in its second round from investors like the Yale University backed paradigm and Pantera Capital overall the company has raised twenty eight million dollars so far embedded content Campbell noted that with this money to go me will continue to act as an agent for companies and traders looking to issue large transactions while remaining relatively anonymous she hinted at the fact that this simple feature could entice bigwigs to invest as they want control over their crypto trading while still keeping privacy at the forefront to Gomez recent fund raise only underscores that venture capitalists are still siphoned millions of dollars worth of capital into this space almost as if there is no tomorrow blockchain publications unit Dyer reported last week that over crypto single decade of history investment groups have given industry companies over five billion dollars 1.6 billion dollars of which found its way into the wallets of startups just last year related reading despite bear market crypto startups got boosted by billions in 2018 and with this in mind some argue that it appears that such investors see long term potential in this asset class but interestingly venture capitalists seem to see more value in equity positions rather than physical cryptocurrencies themselves crypto infrastructure still trending strong takoma isn’t the only industry startup focused on building out infrastructure to have seen notable levels of success in recent memory fidelity investments recently revealed that it will be releasing its cryptocurrency custody services in the coming months which may be a medium for institutions to make a notable entree into this space Fidelity’s research division also recently took up the Lightning Network torch as reported by Newsweek the company could be looking into integrating the scaling solution in some way shape or form into its vast array of fine chill offerings back a crypto startup backed by the IntercontinentalExchange ice Microsoft and Starbucks the chain may accept PTC payments in the coming months also intends to launch its services meant for merchants institutions and consumers alike sometime in 2019 in an earnings call Jeff’s pressure of ice noted that backed is a moonshot bet but should become a very valuable company over time across the pond entrepreneurs have also been pushing for institutional adoption Hong kong-based coin super revealed that it intends to beckon non retail clients into the cryptocurrency space especially as local authorities have cleared the regulatory waters around their thoughts on this asset class but will institutions take the queue thanks for watching The Ohio Bitcoin com Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin comm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon Google spellcheck used a hack Konami wallet when storing your cryptocurrency you need to know your assets are safe especially when using wallets on exchanges or via software that means your assets are online the benefits to these sorts of wallets are that you can access your assets across a range of platforms mobile PC etc and also means that if you forget your login details you might not always totally lose access to your crypto drawbacks however to having your assets online can often mean your storage is not decentralized and is managed by someone else like an exchange and indeed your assets are connected to a network which means they can be accessed via hackers who are able to exploit bugs such a bug has recently been located within the Konami Wallet the bug seems to have stemmed from a vulnerability that has has been exploited via Google’s spell check after Alma Wally the victim of the bug revealed that his wallet has been accessed and could have stolen up to sixty thousand dollars according to one hashed Alma Wally claims that a text box built into the Konomi wallet sent his seed phrase to Google’s online spellcheck service since of seed phrase can be used to gain access to a wallet handling data in this way is a major risk Elna Wally claims that the bug was used to steal 60 thousand dollars of cryptocurrency from his wallet he also says that Konami has refused to take responsibility which has forced him to reveal the problem publicly Konami itself has now responded admitting that Google spell checks did occur due to a bad configuration in one of the wallets plugins however Konami also says that this function sent text securely and that Google actually rejected the data what’s happened so according to the reports no assets have been lost as a result of this though Mawali has felt that this bug could have been exploited more successfully in the future thankfully in this instance everything seems to be okay and indeed Konami seemed to believe that the bug was never really an issue in the first place thanks for watching the Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin comm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more bitcoin headline news and analysis soon Nasdaq technology to be deployed by ‘be-kaws be-kaws has scored a huge coup by partnering with Nasdaq to deploy their matching engine clearing and market surveillance technology as announced on the Nasdaq website March 13th 2019 once they receive derivatives and clearing approval from the CTF C they will be the only firm in the world to be involved in all levels of the crypto value system big news over the past few years Nasdaq has openly shown its commitment to cryptocurrencies in February 2019 they announced that they would be adding bit corn and ethereum indices to their platform and in December 2018 they made an investment in air escs now their technology will be put to use in helping cause a crypto trading firm it was announced on March 13th 2019 that cause the creator of the world’s first full stack cryptocurrency ago system would be making use of Nasdaq’s matching engine clearing and market surveillance technology via the Nasdaq financial framework platform technical partnership according to the press release because will begin using the technology in the first half of 2019 when they debut there–because spot cryptocurrency market on top of this they have made an application with the Commodity Futures Trading Commission CFTC to become a designated contract market DCM and to establish a derivatives clearing organization DCO this is very significant as when derivatives trading and clearing begin because will officially be the only firm in the world that offers services at all stages of the cryptocurrency value system this will include crypto mining spot trading derivatives clearing and trading and so on the surveillance technology being offered by Nasdaq is a huge boost because it will ensure that the surveillance protocols in use properly fit the needs of the crypto market on top of this they will be able to detect manipulative activities which will make trading more transparent and are for all involved Fred greed the CEO of cos remarked in the press release that his company is honored to have access to this technology he also pointed out that this will help attract different classes of investors those that are already involved in the financial market and are familiar with Nasdaq operations and those that would be interested in joining the crypto market Paul McKeon the SVP and head of marketplace operators and new markets market technology at Nasdaq said cause has mafada built of unique ecosystem that gives investors partners and market players a holistic experience in tapping the cryptocurrency market and value chain he also added that the use of Nasdaq technology will help improve on their scalability and modular functionality which will help them meet the evolving needs of the digital asset economy thanks for watching the Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin comm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon Utah lawmakers sponsor bill to exclude cryptocurrency transactions for money transmission laws a Utah State Senator has introduced a bill that could exempt cryptocurrency and blockchain technology focused businesses from the state’s money transmission laws if passed Utah would become the next after Pennsylvania and New Hampshire to classify virtual currency businesses outside the ambit of money transmission regulations Utah the next cryptocurrency friendly destination in the US on March 1st 2019 daniel hammered a Republican member of the Utah Senate introduced Senate bill 213 the bill seeks to provide an exemption for cryptocurrency token issuers and exchanges from being classic money transmitters the proposed legislation also looks to create fear framework upon which future regulations could be built thus the bill asks for the creation of a 12-man blockchain pilot project evaluation task force that would oversee the study of the cryptocurrency and blockchain technology landscape according to the proposed the task force will examine the various ways in which the emerging technology could be of benefit to the state also the team preliminary rules and regulations for consideration by appropriate committees in the state legislature if passed Utah will join the likes of Pennsylvania and New Hampshire in exempting cryptocurrency exchanges and token issuers from money transmission laws Wyoming also recently introduced and passed into law several cryptocurrency focused bills one such bill exempts cryptocurrency tokens from both Securities and money transmission laws money transmission laws and the emerging digital economy in the absence of federal cryptocurrency regulations different states in the u.s. continued to develop their virtual currency and blockchain technology laws thus businesses are forced to navigate a patchwork of state regulations as part of their operations the question of whether crypto currency trading constitutes money transmission is one that has no consensus agreement among state regulators in the u.s. part of the issue lies in determining whether crypto currencies like Bitcoin represent money or not thus while Pennsylvania New Hampshire Illinois and Texas do not classify crypto trading as money transmission other like New York North Carolina and Oregon have elected to do the exact opposite New York even has its legacy cryptocurrency business registration bit license which is required for operating in the state states like Wyoming believe that excluding cryptocurrency trading from money transmission laws creates a conducive environment for virtual currency businesses on the opposite side proponents say such exemptions open the door for money laundering and other illegal financial transactions thanks for watching the ohio bitcoin comm bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin calm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to more views thanks again see you with more Bitcoin headline news and analysis soon hey everybody we’re all gonna go [Applause] [Music] [Laughter] gnostic in fact tether was originally created for Bitcoin but was added to ethereum last year tether also notes that porting the stab lakorn to various block chains will help achieve mass adoption meanwhile Tron notes the tethers integration will help attract investors and partners as for actual use cases Tron suggests that the token will become an important part of naps and decentralized exchanges a controversial stab lacoya despite its high standing tether has gained notoriety over the past year during that time tether has endured a bit for next deposit crisis been called an instrumental part of market manipulation and most controversially has had its United States Dollars reserves called into question however it is not clear how much of this criticism is actually valid even though new studies are showing that tether does have adequate reserves the controversy has endured assuming that tethers numbers are indeed accurate USD T has a market cap of two billion dollars making it the largest stab lacoya Tron which has a market cap of 1.5 billion dollars has plenty of wealth to contribute a big addition for Tron from another angle the partnership may be more important for Tron than it is for tether Tron’s token landscape is fairly barren despite its best efforts to compete with ethereum by contrast if areum has been used as the basis of multiple high ranking altcoins including Biden’s coin zaleka and AMA say go Tron has had one big success though the platform’s BitTorrent okand has garnered plenty of attention over the past two months it is hard to say whether other Tron based tokens will gain ground but in the meantime tether will give Tron one more partnership to pin on its lapel thanks for watching The Ohio Bitcoin com Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin comm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private Keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon if areum’s long awaited Constantinople upgrade has concluded will it affect earth future if areum’s Constantinople hard fork which has suffered frequent setbacks has finally been completed the upgrade was executed at 7:52 p.m. on February the 28th that block seven million two hundred and eighty thousand the fork proceeded uneventful II and no technical issues or divisions within the mining community have been reported although the phrase hard fork might evoke a blockchain split such as the event that produced ethereum classic in 2016 most hard folks do not actually have that outcome since Constantinople z’ features were largely uncontested the update went smoothly as – activated the new ethereum software and its features and unison lower mining rewards the main feature that constantinople introduces as a reduction of block rewards if area miners will now receive a payout of 2f for each block that they mine previously the reward was 3f per block although this is something of a sacrifice for miners this course of action is relatively conservative and a gained majority support from devs last August if areum’s reduced block rewards are deliberately intended to discourage mining as doing so will reduce the amount of new F that the mining community generates this will in turn reduce inflation and keep the value of existing at fairly high lower mining incentives will also help prepare for proof of stake consensus Kaspar which will be introduced in ethereum 2.0 although lowering rewards will make mining less profitable this upgrade does not disincentivize – as much as it could have constantinople actually delays a difficulty bomb that would have made mining much more system intensive and harder to profit from that bomb has now been delayed for 12 months allowing many miners to continue enjoying profits other features although constantinople x’ biggest change concerns mining rewards there are a few other features that are built into the upgrade constantinople also reduces the cost of using the ethereum virtual machine introduced as a method for interacting with the air to be created addresses and reduces gas costs for particulate transactions additionally a second etherium upgrade called saint-petersburg has been carried out alongside constantinople this update removed a feature that was discovered to contain a rien trancey bug in january in other words the main feature of saint-petersburg is actually the absence of a problem market effects major upgrades can cause uncertainty among investors and some commentators believe that this upgrade could cause if areum’s market price to become more volatile Sebastian Sinclair at coin desk expects that based on previous Forks Constantinople could influence investment activity for weeks to come overall it took a total of 34 days for ethers price to break above the sideways channel after the previous fork occurred so if history repeats itself if the prices may be destined for a multi week sideways trend after the Constantinople upgrade takes place other analysts are predicting a weakening of F’s value or an outright price crash however michael mauro of genesis global trading has suggested that constantinople reduced inflation rate could prevent widespread sell offs among investors in any case no major changes have been observed in ethereum market value so far settling down constantinople has finally succeeded despite the fact that it has faced numerous delays first in October a denial-of-service attack vector was discovered immediately followed by a test net issue then in January the aforementioned re-entrance a bug was found these issues collectively pushed constantinople back for several months those delays might make constantinople seem to be more of a feat than it actually is apart from a possible reaction from crypto traders if areum’s trials and tribulations seem to be settling down and the changes to the mining scheme may soon prove they worth the famous blockchain platform is now another step closer to reaching version 2.0 please let us know your thoughts on ethereum and its recent upgrades in the comments below thanks for watching the ohio bitcoin comp bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither a ohio bitcoin calm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoyed this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more bitcoin headline news and analysis soon in the daily Colorado digital toe connect ID funds crypto index fortress blockchain in this edition of the daily we cover new legislation that could make Colorado more attractive to digital businesses and token issuers the launch of a new cryptocurrency index fund and the latest miner to succumb to crypto winter also read UK regulator three percent of consumers surveyed have bought cryptocurrency Colorado digital toe connect the governor of the u.s. state of Colorado has signed the crypto a friendly digital token Act into law the Act which was was introduced in January is a major step towards creating hospitable regulatory environment for the digital assets industry to establish itself in Colorado this is because it extends certain exemptions from state securities laws for cryptocurrencies making businesses less hampered by antiquated rules explaining the rationale for the exemptions the document notes that Colorado has become a hub for companies and entrepreneurs that seek to utilize cryptic anomic systems to power their business models the costs and complexities of state securities registration can outweigh the benefits to Colorado businesses seeking to raise capital and create new platforms within the digital economy this Act will take effect following the expiration of a 90-day period after final adjournment of the Colorado General Assembly the state’s legislature expected to occur on August 2nd 2019 exciting day for number blockchain technology at Cavaco at correctness signed the number digital toe connect today with key legislators Attorney General at quia sir and number Colorado cabinet members patty Salazar with a Dora Colorado at Betsy Markey with edit and at Teresa Surikov at Colorado pic twitter.com air load B Teresa select at Teresa direct March 7th 2019 IT funds crypto index investment management platform IT funds has launched its own crypto index fund based on an index administered by M V index solutions M V is the new fund aims to give institutional investors diversified access to the crypto market through exposure to selected assets among the 30 most capitalized cryptocurrencies including BTC @x RP b CH and LTC to be included in the index assets must be traded on licensed exchanges with proper liquidity and available for insured cold storage capping each asset at 15% on a quarterly basis is meant to keep the index suitably diversified fortress blockchain succumbs to crypto winter fortress blockchain vancouver-based company listed on the TSX Venture Exchange has exited the cryptocurrency mining business the company has announced its deactivated all mining hardware located at its Grant County facility on March 5th 2019 fortress’s management has determined that the marginal profitability of cryptocurrency mining and the risk of further decline along with increased regulatory costs and oversight does not justify continued operations fortress still has over cat 10 million dollars left under its control and plans to re-establish itself in a yet to be determined business sector additionally management is now looking for the most effective way to sell the mining equipment to recoup some of its investment and losses it is anticipated that the company will soon change its name in order to no longer be associated with the term blockchain what do you think about today’s news tidbits share your thoughts in the comment section below thanks for watching the ohio bitcoin comm bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price of articles and Markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin calm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more bitcoin headline news and analysis soon a social media giant and cryptocurrency what you need to know about Facebook’s entry into the crypto sphere the rumor that Facebook is planning to enter crypto space is now an open secret there are plenty of indications that now suggests the tech giant is ready to launch their coin in the near future notably the company is rumoured to be working with telegram and signal to start a digital currency for its web servus intentions unveiled according to a December 2018 Bloomberg article initial reports indicated that the social networking platform may want to focus on the Indian remittance market India is reportedly the largest recipient of international remittances worldwide and with Facebook hosting 300 million of its 2 billion users they’re targeting the subcontinent 200 million users makes a lot of sense business-wise even though Facebook has played its cards very close to the chest and information is still scanty there are a few things we can now reveal about the mysterious cryptocurrency founder and CEO Mark Zuckerberg made blockchain and cryptocurrency hints in a January 4th 2018 Facebook post when addressing the issue of users abusing Facebook where he suggested that encryption and cryptocurrency could offer a remedy he stated that I’m interested in going deeper and studying the positive and negative aspects of these technologies and how to best use them in our services best laid plans according to two respected publishing houses Bloomberg in the New York Times Facebook is likely to spur a revolution and an earthquake in tandem for the world of cryptocurrencies later this year plans for the much awaited Facebook cryptocurrency are slowly coming into focus and the crypto world’s axis is tilting in the direction dot the california-based social networking Titan declared in May 2018 that it was creating a team within its ranks to explore the technology behind Bitcoin to see if and how it would be incorporated into its products a horde of media leaks in the recent past is helping to shape up a picture of exactly what facebook is up to the team of more than 50 led by the former Facebook’s head of messenger David Marcus and former head of Instagram engineering James Everingham are working on a digital payments platform for whatsapp Facebook and to end encrypted messaging app is it a cryptocurrency or establish there has been a lot of debate on whether Facebook is taking the route of creating a pure cryptocurrency the information available shows that the tech giant wants to build a coin that will bypass the effects of price volatility according to the New York Times report the Facebook blockchain team is working on establishing a type of crypto that has its value pegged to that of a real-world asset such as oil or fiat currency reserves this means that unlike the ordinary cryptocurrencies like Bitcoin that fluctuate and make or break fortunes instantly users will not have to worry about the coins value insider reports show that Facebook plans to peg the value of its coin to several select foreign currencies as opposed to just the US dollar the proposition by Facebook is therefore not likely to attract speculators or investors who would have been enticed by a cryptocurrency with the potentially lucrative and wild value fluctuation the end product will potentially be of great interest to consumers who would want to make purchases or remittances without getting worried about erratic price changes dot will it be a decentralized crypto rumors about Facebook’s dalliance with blockchain technology have been making the news for a while now but questions remain as to whether the upcoming coin would run on a decentralized network the answer to this question will depend on whether Facebook would or could control the currency if the social networking giant will want to approve every transaction on the network then a centralized system like PayPal would serve them better than a decentralized blockchain dot Insider reports seemed to point to speculation that Facebook signal and telegram are all working in the direction of a digital coin running on a decentralized network this would mean that the crypto created would to some extent run independently of the company that created it dot there’s a rumor that Facebook has been talking to cryptocurrency exchanges to have them sell at coin if that turns out to be true FB will have potentially eased itself of the burden associated with regulation if crypto currency exchanges hold the currency they become responsible for the process of screening of potential customers and removed the cumbersome no your customer kik methods from Facebook’s jurisdiction when is it likely to launch as per the New York Times report the stab lakorn is likely to be launched during the first half of 2019 or thereabouts quoting unnamed inside sources the publication says the company has already approached select cryptocurrency exchanges that could be roped in to support their upcoming product Facebook insider who refused to be named stated like many other companies Facebook is exploring ways to leverage the power of blockchain technology this new small team is exploring many different applications we don’t have anything further to share what’s in it for the tech giant whether or not the social networking Titan will make money from this venture is yet to be determined based on what type of crypto they set out to make conventional cryptocurrencies have been launched via initial coin offerings Aiko’s where investors buy into the project in anticipation of that the value of the coin will deliver which value depended on the demand by taking the direction of establish own it may appear like the issue of demand will not play a significant role since the value is guaranteed from the beginning experts believe that his Facebook has decided to create a cryptocurrency for its own sake and then have people offer it to users in exchange for fiat currency the company will make a killing especially during the preliminary stages let’s sum it all up the choice of the indian sub-continent for a wet SAP based cryptocurrency is a perfect business idea as the payment structures there are not as developed as what you find in the countries like the US and the UK while cash still plays a big role in the Indian economy there is a slow but sure paradigm shift towards mobile technologies with an estimated 400 billion dollars 290 billion pounds mobile wallet market via paper this therefore makes introducing a wets app based payment system a walk in the park Facebook’s choice of populous India comes on the heels of Google’s launch of a mobile payment service Tezz now called Google pay in India and 2017 before it spread to the rest of the world current reports indicate that Google pay serves at least 25 million users monthly in the country dot the last word that blockchains electrifying technology has thrilled the entire world with its potential to solve hitherto tricky problems is a subject on everyone’s lips Facebook has decided to join in and use it to improve areas of trust and money transmission will help it get a grip on the money market besides solidifying their hold on entire populations dot by entering the world of cryptocurrencies the social networking giant is taking competition at the doorstep of mobile payment service providers in India and soon after that the rest of the world pundits believe the much-awaited launches a trial ahead of a global launch something which fits snuggly with Facebook’s aim to permeate all the aspects of our daily lives and remain gradually obligatory news son-of-a-bitch bitkha lightning Network hits 1,000 BTC capacity on its one-year anniversary Bitcoin lightning Network has surpassed 1,000 BTC network capacity on its one-year anniversary the event highlights the layer to scaling solutions progression in the short span of only a year dock Bitcoin Lightning Network happy birthday one year ago on March 15th Lightning labs CEO Elizabeth stark announced the first official beta implementation of the Lightning Network the solution saw support from Twitter CEO Jack Dorsey Tesla and SpaceX investor Bill Lee backing from computer giant Microsoft and other prominent members of the cryptocurrency community one year later the lighting network LN has gone a long way according to Ellen monitoring website 1ml the network’s capacity is 1050 6.83 BTC are more than 4.2 million dollars marking a 54 percent increase over the last 30 days alone the number of channels has also jumped with more than 47 percent in the last month currently standing at 39222 the number of nodes is seven thousand 381 17 point eight nine percent increased throughout the same period moreover the actual adoption of the ln is also making serious advances twitter CEO Jack Dorsey praised the scaling solution outlining that it’s only a matter of time for it to come to Twitter it’s not an if it’s more of a win how do we make sure that we’re getting the speed that we need in the efficiency l and also gained massive attention thanks to an initiative by user HUD Lynott called the lightning torch it aims to raise awareness of lightning networks benefits by passing around a snowballing payment around the globe instantly and at almost no cost l ends not only good for micro payments network engineer melech mannequin at real Ludvik also pointed out that liquidity also increasing as the BTC united states dollar exchange rate rises assuming current number lightning limits of sixteen point seven meters sat channel capacity and four point three meters HT l CS @ 4k BTC USD a channel can route up to 172 United States dollars at 40k BTC USD a channel can route up to 1720 United States dollars at 400 KB TC USD a channel can route up to 17,000 200 United States Dollars liquidity Rises with BTC USD exchange rate assuming current number lightning limits of sixteen point seven meters Sat channel capacity and four point three meters HT l CS at 4 KB TC USD a channel can route up to 170 to us dat 40 KB TC USD a channel can route up to 17 20 USD 80 400 KB TC USD the channel can route up to 17,000 200 United States Dollars liquidity Rises with BTC USD exchange rate Melek MA and uky a n @ real Ludvik March 16th 2019 meanwhile Bitcoin BTC 0-0 has once again breached $4,000 according to the head analyst at fund strict Global Advisors Tom Lee should it manage to maintain stability at around these levels bitcoins price might cross its 200-day moving average in the next five or six months and going to start looking technically like its back in a bull market have you used the Bitcoin lightning Network don’t hesitate to share your experience in the comments below if not a verb is not a part is not too soon is not a target we have the candles make a wish it’s like a fart but smells like this exact logistically sexing hub Department goes on US tour the tour will start March 26 in San Francisco and continue across the US on March 6th the US Securities and Exchange Commission’s SEC strategic hub for innovation and financial technology fin hub announced it will be traveling the country and conducting face-to-face meetings with fin tech startups and entrepreneurs according to the SEC’s announcement the first meetings will be held in the SEC offices in San Francisco after this the fin hub staff will travel nationwide to facilitate local peer-to-peer meetings in which members of the fin tech community will have the chance to ask SEC representatives questions about regulations projects or any concerns participants can also discuss wide-ranging issues or even provide the SEC with a presentation about the projects they are working on the meetings will begin on March 26th 2019 interested parties are required to fill out a request form and can also upload any pertinent information about their company or projects such as white papers research material or presentations dot the SEC’s fin hub Department was created in October 2018 under the leadership of Valerie aseptic to provide the FinTech industry with solid information about laws and regulations and provide a channel for communication with the SEC Nathan Graham is a full-time staff writer for ethnos he lives in Sparks Nevada with his wife Beth and dog Kea nathan has a passion for new technology grant writing and short stories he spends his time rafting the American River playing video games and writing ëthe news is committed to its editorial policy like what you read follow us on Twitter at ethnos to receive the latest SEC US Securities and Exchange Commission or other ethereum law and legislation news fidelities crypto custody service goes live for selected customers fidelity digital assets has launched cryptocurrency custody and trade execution services currently it is available now only for selected customers with the customer base expected to expand in the near future fidelity digital assets a new company that offers enterprise quality custody and trade execution services for cryptocurrencies to institutional investors has announced that its platform is lyfe selected customers have got access to cryptocurrency custody and trade execution operations while others may have to wait until September we are live with a select group of eligible clients and will continue rolling out slowly our solutions are focused on the needs of hedge funds family offices pensions endowments other institutional investors more on our project HTTP colon slash slash t KO / EK j – p w j t – y numbered blockchain fidelity digital assets at digital assets March 7th 2019 fidelity digital assets is a company established by fidelity a multinational financial services corporation based in Boston Massachusetts and the fourth largest asset manager with two point four trillion dollars in assets under management as of December 2017 the giant spends 2.5 billion dollars per year on technologies like artificial intelligence and blockchain fidelity digital asset services was set up in October last year with the aim to provide cryptocurrency storage and trading services to institutional and enterprise clients the company targets institutional investors and works on cryptocurrency solutions for commercial space in January Abigail P Johnson chairman and CEO of fidelity investments revealed the company’s plans to launch Bitcoin custody service with ethereum next and said that the date of launch was set for March the promise has turned out to be true and the service is now live however not all customers are able to use it according to Tom Jessup fidelity digital assets had some customers were using the platform in January when it was in the final testing stage well for other customers it was March others may wait until September Jessup explained it’s really depends on the facts and circumstances of each client it is notable that the service was developed when the crypto market had quite hard times as Tom Jessup the last year collapsed did not have any impact on the launch he said if you started a crypto fund at the height of the market year probably hurting right now moreover Jessup believes that despite the bear market interest in cryptocurrencies from institutional investors continues to grow as they are looking for long term investments but having a desire to add some form of cryptocurrency to their portfolios they do not want to take risk connected with the volatility of Kryptos which at the same time provides trading opportunities according to the research conducted by fidelity about 22 percent of institutions asked already owned cryptocurrency and expect to double their crypto assets over five years Jessup said if anything they are as encouraged now as they were when prices were higher fidelity digital assets will provide a perfect solution for institutional investors who wait and see when it comes to investing in crypto as earlier fidelity said our conversations with a variety of institutions have served to underscore their clear need for a trusted platform provider in order to engage with digital assets in a meaningful way we are committed to exceeding the requirements and standards of existing solutions with both our custody platform and trading venue providing a combination of security and a central point of market access disrupting the obfuscated nature of trading digital assets today the new company will conduct trades on multiple exchanges for these investors as well as handle custody and store digital assets fidelity digital assets is one of the first companies to provide similar services the team behind the company is currently working on improving various parts of the platform and planning to expand its customer base in the near future Starbucks will allow Bitcoin payments in store in 2019 new leaked information shows that Starbucks has received a significant stake in the backed crypto platform in exchange for Starbucks installing backs payment software in its stores allowing customers to pay with Bitcoin and crypto in August last year Starbucks surprisingly announced that they will work with the Bitcoin futures platform backed what was initially interpreted as accepting Starbucks payments in Bitcoin was later clarified as a partnership in which backed only takes over the trading and conversion of Bitcoin and fiat currencies with which customers can pay for articles at Starbucks instead of paying directly with Bitcoin for a coffee at Starbucks there is still a conversion of Bitcoin through the batch software into fiat still many people were curious as to why the partnership actually came about and what Starbucks would expect to associate with Bitcoin a recent report shows that Starbucks actually had something to acquire namely a significant stake in backed the coffee giant acquired its shares in a mutually beneficial agreement although the details are not known the share was described as disproportionately high because they did not invest cash dot Starbucks will install backs payment software in its stores which customers can use to pay for using crypto thereafter a conversion to Fiat immediately succeeds in keeping cryptocurrencies out of Starbucks books scooped at Starbucks received significant equity an ad backed in return for commitment to allow Bitcoin payments in store in 2019 Genesis via at I would furred HTTP colon slash slash T o /o b z 8 1v o z he opec twitter.com lucas blue mike dudas admin dunas March 4th 2019 launch of fact is imminent backed plans to introduce a range of cryptographic services in 2019 the company is currently working on the introduction of physical security Bitcoin futures subject to approval by the US Commodity Futures Trading Commission originally the launch of the BTC futures was scheduled for January 24th 2019 however due to the recent shutdown of the US government and hence the closing authority the CFTC Commodity Futures Trading Commission there has been a continued delay in its launch the second phase of the operation which includes the partnership with Starbucks and Microsoft is expected to begin lighter this year the second phase is focused on leveraging Microsoft’s cloud solutions to enable people to buy sell store and spend cryptocurrencies on a global network which supports the above plan providing Starbucks customers an opportunity to buy coffee with Bitcoin thanks for watching the Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin comm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon breaking crypto news up it’s a list crypto calm chain token CRO test net date set crypto calm – open source the chain test nut V 0.1 on Wednesday March the 20th – crypto calm the pioneering payments and cryptocurrency platform announced that its crypto calm chain token CRO will be listed today on a bit a leading global digital asset exchange based in South Korea a bit announcement in Korean the crypto calm chain is a high performing public blockchain powering crypto dot-com pay which allows customers to pay for goods and services with crypto currency while receiving generous cash back rewards for merchants crypto compe offers the option to get paid in any crypto without being exposed to its inherent volatility and enjoy greatly reduced processing fees and near instant settlement Christmas selec co-founder and CEO of crypto dot-com said we’re thankful to a bit for their support of our project our chain team is on a tear recently the crypto compei sdk shipped to merchants partners last week on top of opening of the pay platform to our 400,000 users this week our team has scheduled to open source the first version of chain test at on Wednesday March the 20th as a part of a broader dev update this is another milestone achieved ahead of shanty all communicated in the CRO white paper CRO is now trading on our bit learn more about the crypto dot-com chain by visiting www.disabilitydenials.com the premier us-based exchange about crypto comm crypto comm was founded in 2016 to accelerate the world’s transition to cryptocurrency key products include the crypto comm wallet and card app the best place to buy sell and pay with crypto the MCO Visa card a metal card with no annual fees and the crypto comm chain which enables users to pay and be paid in any crypto anywhere for free crypto comm is headquartered in Hong Kong with a 120 plus strong team for more information please visit www.sceeto.com Panisse won’t be storing cryptocurrencies and tokens themselves but are offering tools for others to do so shuttles chief investment officer Brad Chun explained that their potential users include banks Brokers custodians funds family offices and high-net-worth investors who want to do self custody as well as exchanges he said we have a list of selected clients that we are launching limited service with this month the service is not open to the public yet and there is a wait list to get into our beta much like other institutional players in this growing space shuttle has started small offering its solution to a hand-picked list of clients that it believes can handle the cryptocurrency stress unlike the cold storage solutions the new custody service from shuttle and IBM holds the private keys in a device that is separate from the network chung says that the use of these arrangements has been historically used to reduce the chance of an attack but it is technologically a little oxymoronic while enterprises want the connection with customers and want to offer a secure setting to make assets readily available this cold storage from shuttle has created a system that could potentially be more secure the solution is built on a hardware security module that is entirely tamper proof later Chung noted that there is always some kind of compromise between security and efficiency but this product is not like traditional cold storage options the keys remain encrypted in multiple layers storing backups with existing disaster recovery and backup processes in doing so the IBM cloud solution is more prepared for a future in digital assets once a particular critical layer is available then the custodian solution will be available for all businesses even in real estate and identity sectors custody a growing trend this underscores the industry trend of custody of digital assets / previous reports it has been officially confirmed that fidelity digital asset services FDA s the first fully fledged crypto platform backed by Wall Street has gone live just for reminder fidelity digital assets a company established by fidelity has launched cryptocurrency custody and trade execution services currently it is available now only for selected customers with the customer base expected to expand in the near future Tom Jessup a former Goldman Sachs executive turned head of FDA S explained that his brain child’s offerings are live for a select list of eligible clients Jessup added that at the moment the platform only supports Bitcoin and will be staving off its verdict on ethereum due to impending blockchain upgrades the director of IBM’s Z as a service cloud solution Rohit badlani also commented on this crypto custody solution he said for Dax the on premise pervasive encryption capabilities offered by IBM Linux and was a key differentiator in choosing IBM as the most secure platform for their offering traditionally crypto custody was something that only wallet makers are crypto exchanges used to provide however of late a number of tech firms have also begun to offer cryptocurrency custodial services what is perhaps lured them towards it is the idea that big-money players institutional investors are soon expected to make a heavy investment in the cryptocurrency technology and everyone wants to ensure that their product is out there before the bull run begins with this transition it looks like IBM is getting more involved in cryptocurrency following the development of the private blockchain known as the hyper ledger fabric with the involvement of IBM with the stellar foundation it is clear that the tech company is journeying deeper into cryptocurrency than it was before thanks for watching this has been the Bitcoin crypto currency market top 10 report today sponsored by Ohio Bitcoin comm we appreciate you spending a bit of your valuable time with us we broadcast numerous times throughout the day so stay tuned disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin comm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with the next up to the nanosecond edition of the Bitcoin crypto currency market top 10 crypto report caution and crypto Custody convenient companions Noel Atchison is a veteran of company analysis and member of coin desks product team the following article originally appeared an institutional crypto by coin desk a newsletter for the institutional market with news and views on crypto infrastructure delivered every Tuesday sign up here not in the big stakes world of institutional custody it pays to be cautious in the fast growth world of crypto assets though this can be a barrier leaving late comers with underperforming returns as infrastructure providers scramble to catch up with those that were braver or at least so the legend goes in crypto however things are generally not as straightforward as they seem and with custody of crypto assets the scramble for volume is checked by the outsized risk to both reputation and client wealth last week fidelity digital assets president Tom Jessup gave an update on the platform’s planned rollout of services and hinted that it would not be offering custody support for ethereum at first due to uncertainty over its recent and planned hard Forks this caution highlights some of the intrinsic difficulties of the emerging world of crypto assets and goes a long way toward explaining why institutions are taking longer than the market expected to enter the sector crypto asset custody is riskier and more complicated than most of us realize what’s the problem first let’s review what at hard fork is a change to the underlying characteristics of a blockchain after which mind blocks will not be recognized on the old chain the old chain can continue to grow independently though with blocks produced by miners who have opted to stay with the unchanged technology hence the term fork as the blockchain splits into two versions now let’s separate fidelities concerns regarding ethereum from the potential problem that blockchain splits in general pose for custodians the ethereum blockchain recently underwent a hard fork to upgrade the technology and implement a few strategic changes no hands-on action was needed from custodians or ether holders and by all accounts the switch went smoothly hard Forks do bring additional risk however will the new version be as robust as the old one the latest ethereum fork was originally scheduled for January of this year but was delayed a at the last minute because developers discovered a potentially serious security bug imagine if they hadn’t found it in time another hard Fork upgrade is expected possibly towards the end of this year but as with this one no chain splits are expected Fidelity’s caution has been criticized as overzealous potentially leading to loss of business as institutional investors increasingly need reliable custody solutions for a range of assets not just Bitcoin but given the reputational risk in the institution’s traditional rhaegar when it comes to protecting client assets it can be interpreted a solid business sense is it safe contentious hard Forks when chain splits are led by developers unhappy with the original structure or a different type of problem this has happened often most recently with the recent split of the Bitcoin cash chain into two competing versions Bitcoin ABC and Bitcoin sv Bitcoin cash itself was the result of a contentious hard fork split from Bitcoin in August 2017 generally the holdings on the old chain are replicated on the new one with the new characteristics embedded custodians don’t have to support the new chain though and therefore might not custody these new assets even if their clients are entitled to them why would they decline to offer this service when on the surface it looks like a sure route to extra revenue the main reason is technological complexity and concern over security risks when ethereum hard forked in 2016 a glitch had transactions on one chain also being reflected on the other even though no transaction had been originated there imagine trying to keep track of Custody holdings in this scenario is it’s worth it another part of the reluctance comes down to straightforward business logic while it is relatively straightforward to add support for new digital assets that run on an existing blockchain such as err 20 tokens adding a new chain requires a significant amount of work will the resulting coins have enough volume and liquidity and will there be enough demand for custody going forward to justify the development expense this is one of the main factors differentiating crypto custody from that of traditional electronic securities with the latter the underlying technology is not finding feature crypto custodian bit go for example is continually adding to their list of supported assets when it comes to hard Forks however their decision to support is based on a number of criteria including technical stability market capitalization and liquidity Kingdom trust boldly states that if there appears to be little or no value or no trading interest in the new fork Kingdom will not support the fork and institutional dealer in custodian Gemini directly does not support Forks Zappo one of the original bitcoin custodians does not commit to supporting anything other than the original Bitcoin blockchain is it mine another potential issue complicating crypto custody is that of settlement finality a legal construct that refers to the moment when sale and delivery of an asset is complete and ownership is transferred the specifics differ by jurisdiction and other details but the principle is of particular interest to custodians who need to know exactly what they are holding at all times with blockchain based assets settlement finality is fuzzy in a distributed network a transaction is final when the whole network agrees it is final in a decentralized system that relies on consensus its probabilistic in other words transactions involving assets on public block chains a rarely 100% final consensus can unwind them at least in the short term true as time goes by the possibility of that happening gets really close to zero many argue that blockchain technology makes the legal concept of settlement finality unnecessary and that final on traditional databases is at best subjective for example the regulator’s can wind back pretty much whatever they want to however institutions are comfortable with the current definitions and will require a similar concept in the blockchain world as the system evolves ways will be found to compensate for this but legal definitions generally take a long time to adjust even more so when regulators are still grappling with the new concept and struggling to keep up with the sector’s rapid evolution this uncertainty is unlikely to stop providers from offering services that institutional investors so clearly need but it does highlight the need for caution as specially from systemic incumbents precisely the big institutions the market is so clearly waiting for they’re obviously interested and that’s encouraging but we shouldn’t expect them to Pilon enthusiastically without examining all possible risks mitigating risk is after all a large part of their job caution sign image via Shutterstock published at sat 16 March 20 1995 keys today and the other 364 days a year to mark the 10th anniversary of the Genesis block the first ever block of Bitcoin in mind crypto holders across the globe are withdrawing funds from third party exchanges doing so will ensure these exchanges are solvent and more importantly honors cryptos founding principle of independence from centralized financial systems this proof of Kees celebration has gained steam and we are supportive at blockchain we’ve always believed that owning and controlling your private key and with it your crypto is the single most important aspect of using crypto without having full control over your private key you’re missing the defining aspect of crypto user controlled sovereign assets not sure what your private key is learn more here enabling users to be your own bank and truly maintain control of their crypto has been at the core of the blockchain wallet since its inception our passion for ensuring that users retain control over their funds was extended last year with the launch of blockchain swap a next-generation trading product that allows blockchain wallet users to exchange crypto quickly and with these for the price you pay on exchange without giving up control of your keys not one of the 30 m+ blockchain wallet holders using our platform to store trade and transact while maintaining full control of your funds it takes moments to create a free blockchain wallet with a verified email address and be on your way to taking back control of your crypto from centralized exchanges get started here now to those planning to take part in the proof of keys celebration as you prepare to transfer funds from your exchange account to your wallet address make sure to factor in withdrawal limits and network congestion and as always it is critical to keep your private keys secure don’t share them with anyone you don’t want to share full control over your funds [Music] [Music] hello cutie-pie crypto businesses being turned away from banks report says crypto businesses particularly the smaller ones are facing the ongoing problem of banks refusing to open accounts for them a March 3rd 2019 report says turned away while large financial institutions like Julius Baer and JP Morgan have jumped headfirst into the crypto market it seems companies in the same space are struggling to accomplish one of the most basic tasks for modern businesses opening a bank account a March 3rd 2019 report from Bloomberg reveals that many business owners of blockchain and cryptocurrency focused companies are having a hard time getting local banks to open business accounts for them entrepreneurs from the United States and Europe reports similar treatment from local banks with some of the establishments including HSBC Holdings plc and ironically Morgan Chase & Company why the suspicions as the report pointed out some of these issues can be boiled down to the fact that cryptocurrency is still a new and emerging industry and thus there is less trust from financial institutions towards it another industry that was reported to have been struggling with the same issue was the nasan cannabis industry some of these suspicions are based on genuine reasons according to Robbie haben a lawyer and professor at the University of Antwerp who co-authored a paper for the European Parliament on financial crime involving cryptocurrencies according to happen for every legitimate entrepreneur in the crypto industry there are many that merely want to use it as a front to evade taxes or scam people another contributing factor is the public attention that cryptocurrency has received for being involved in crime such as the Silk Road incident in 2013 and also it’s used for bribery and kidnapping purposes while there are many legitimate reasons for a crypto firm to open a bank account it is a much easier task for banks to issue a blanket ban on the industry than sort on a case-by-case basis there is also the cost issue for banks the law requires that banks be sure of the identity of those they give accounts to in some might field that it isn’t worth the cost to set up compliance systems regardless these practices do nothing for the growth of the industry and only served to perpetuate the idea of the crypto industry being shady denying basic banking is madness impede sector growth and forces companies to get creative to solve the problem said Ben Sibley the head of brokerage and KB Group the banks are being overly prudent thanks for watching the Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin comm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon pending crypto currency legislation list highlights high impact areas with the advent of blockchain and cryptocurrencies disrupting our financial systems regulators are forced to investigate the utility of this technology and propose new rules to ensure that citizens are able to receive the maximum benefit from using decentralized digital assets while minimizing any of its potentially harmful effects crypto focus coin Center recently published a federal crypto currency bill tracker it lists the introduction and current status of all US federal legislation that mentions are relate to cryptocurrencies through each crypto bill proposed we are able to better understand how the US government views cryptocurrencies where they think it can provide benefits to citizens and where it could be most harmful here are some of the key takeaways from the list low income lending and investing opportunities a priority for black and community bank members of the government are starting to recognize the utility of cryptocurrencies for lending and making crowd investments On January 3rd 2019 bill HR 41 is cue act for black and community banks was released its stated purpose is to provide regulatory relief for blackened community banks to codify the minority bank deposit program and for other purposes the minority bank deposit program MB DP is a voluntary program that encourages credit unions as well as female and minority owned banks to become depositories and financial agents for low-income communities the initiative was created by the US Department of Treasury and is meant to make banking services more accessible to the most underserved communities although not stated explicitly codifying the MB DP program could imply the use of a blockchain ledger and smart contract system to record and deploy short-term loans based on a predefined set of rules written in code such a system would be a huge boost to communities that are under banked and often targeted by payday lending services payday lending is a 40 billion dollar industry that makes its money by preying on those desperate for short-term capital loan interest rates can start out at a modest 10 to 15 percent but can easily jump to 300 percent once borrowers become trapped in a debt cycle of continuous borrowing to keep up with bills and everyday expenses according to Pew trusts Research twelve million American currently used payday lending services twelve percent of whom are African Americans smart contract based lending would be a highly efficient and cost-effective alternative for both the borrowers and lenders within the same bill it mentions that the Controller General of the u.s. intends to conduct a study on blockchain technology and how it could be used to enable lower-income individuals to invest in startups and other crowd funded companies crowd investing has long been thought of as a way to give businesses who aren’t a right fit for bank loans or VC capital a chance to raise money while opening opportunities for regular people to grow their wealth through access to more investment opportunities blockchain technology would give investors the transparency they need to feel safe about where their money is going especially if rules were embedded into smart contracts to ensure that funds were only allocated when certain business milestones were achieved cryptocurrencies still viewed as nefarious tools the vast majority of bills proposed center around the topic of consumer protection and national security while the government sees some potential in using cryptocurrencies to provide financial opportunities to consumers the main concern outlined in at least 7 of the 10 bills proposed so far were focused on preventing cryptocurrencies being used to fund terrorism human trafficking drug trafficking and financial scams one bill HR 56 is called the financial technology Protection Act its stated purpose is to establish an independent financial technology task force to combat terrorism and illicit financing and to provide rewards for information leading to convictions related to terrorist use of digital currencies not surprisingly bill HR 56 and bill HR 502 the fine trafficking act are so far the only two bills to have passed the House been received in the Senate and referred to the Committee on Homeland Security and Governmental Affairs as well as the Committee on Banking Housing and Urban Affairs this indicates that preventing the potential dangers of cryptocurrencies takes precedence over promoting its many benefits the perception regulators have about the crypto space is still very much based on what was observed between 2010 and 2013 where Bitcoin was primarily used to pay for drugs and illegal weapons in marketplaces like Silk Road the FBI eventually shut down Silk Road in 2013 and the site’s founder is currently serving a double life sentence plus 40 years without the possibility of parole when we think about the pace in which the government conducts investigations it makes sense that there is still a perception that Bitcoin could be used for illegal activity after all the FBI is only just now conducting an investigation into but connect a crypto Ponzi scheme platform that launched in 2016 and shut down in December 2017 this lag in time between crimes committed and investigations occurring creates the false perception that the current crypto space is not evolving and that consumers have not learned about how to protect themselves from being victims of cryptocurrency funded financial crimes crypto for fighting drug trafficking and terrorism funding with regard to the drug and terrorism issue a recent report by Bloomberg showed that $2 trillion worth of shady tree actions still occur each year from non cryptocurrency sources primarily cash but also digital money transfers from colluding banks one of the most famous cases was the case of HSBC which failed to accurately monitor over six hundred seventy billion dollars in wire transfers from Mexico and nine point four billion dollars in purchases of US currency according to a 2012 deferred prosecution agreement with US authorities using an elaborate system of deposits and money transfers Mexican and Colombian drug cartels were able to launder their illicit proceeds through the bank without detection the bank was eventually fined one point nine billion dollars cases like this should make it clear to regulators that cryptocurrencies are far from their biggest problem when it comes to shady transactions in fact with a better understanding of blockchain technology regulators would know that the immutable and transparent nature of the technology actually makes it harder for shady transactions to go undetected and that the token economic structure that most cryptocurrency networks are established under it can be leveraged to create all kinds of incentive schemes to reward users for identifying and reporting shady transactions hence eliminating the need for centralized governing bodies to waste resources launching investigations especially ones that occur years after the crime has been committed conclusion ultimately there is something positive to be found in the efforts regulators are making to pass bills around the adoption of cryptocurrencies as many leaders in the crypto space have been urging Congress to do for months now however the kind of bills being proposed indicate that there is still work to be done to educate lawmakers about how cryptocurrencies and blockchain technology can not only provide financial opportunities to everyday people but also help solve many of the terrorism drug trafficking and financial fraud problems that some regulators are incorrectly claiming it enables thanks for watching the Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending some of your valuable time with Vivek beauty trend says non financial blockchain use cases are a harder pitch ethereum f co-founder vit alayich butrint says that blockchain occasions outside of finance face more difficulty gaining traction as the primary added value they offer as decentralization cute Rijn made his remarks during a speech with crypto event token 20 49 in Hong Kong on March the 13th cue Turin began by noting that finance is realistically the first blockchain application that will probably achieve wide scale adoption and that even though here is a self-declared huge fan of other applications the problem is that decentralization is basically their value-add with finance you are competing with banks that take five days to do something interesting with anything that’s not financial chances of fairness some internet thing that does what you want that’s just centralized so it’s a bit of a harder pitch as examples of areas where blockchain can catch on beyond finance with Anik isolated digital identity reputation and digital certificates in particular all of which have used cases that are not necessarily confined to the use of cryptocurrencies or financial markets in his further discussion on the current state of blockchain adoption neutering appealed to event attendees to identify real-world applications that are developing not just in theory but on the ground audience examples include micro insurance non fungible tokens and gaming on the latter deuteron said that while many people are committed to blockchain innovation from they conviction that it can tackle real-world problems with positive social impact entertainment use cases such as gaming are valuable areas where the technology can draw high numbers of early adopters dot speaking of his personal commitments Newton highlighted decentralized applications daps which allow multiple actors to share and cooperate on applications that are based on an underlying decentralized blockchain protocol he proposed that third apps use-case can potentially redraw the existing technology and power landscape by leveraging a decentralized ecosystem to allow smaller players to compete with tech giants monopolies in a recent interview Newton stated he was trying to solve bit BTC limited functionality with the creation of ethereum he compared bitcoins ability to do one thing and do it well with the aspiration to make ethereum more like a canopy for apps that can do almost anything thanks for watching the ohio bitcoin comm bitcoin news channel today we appreciate you spending some of your valuable time

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