China Is Drafting Laws for the Circulation ... - Bitcoin News

Central Bank Digital Currency

Christine Lagarde recently announced ECB (European Central Bank) Policy Makers are discussing plans to create their own Central Bank Digital Currency.
In her previous role at the IMF, Lagarde gave a speech - Winds of Change: The Case for New Digital Currency.
She gave this speech in November 2018.
For that paper she referenced, named Casting Light on Central Bank Digital Currencies - a particular section is very interesting indeed...
"This note contributes to a growing body of literature on CBDC. Others have already explored this topic, including international organisations such as the Bank for International Settlements and several central banks (Bank of Canada, People's Bank of China, Bank of England......."
Remember, this report is from November 2018 - so Central Banks and powerful entities such as the BIS, Bank of China and Bank of England have explored this topic in detail for longer than one initially assumes.
There are important points to discuss, as it could have huge implications for society in general:
  1. The first is the trend towards a cashless society. The infrastructure required for using cash costs countries a fair amount every year. Also, younger consumers prefer the convenience of mobile payments.
  2. What does this mean for privacy (particularly financial privacy)?
  3. What does this mean for the most vulnerable in society who are heavily reliant on cash, such as the homeless?
  4. As well as this, any trusted third party is a security hole - thus these centralised institutions are honeypots for skilled hackers
  5. There is of course Facebook's Libra and the recent news of China's plan to introduce the Digital Yuan
Outgoing Bank of England Governor Mark Carney has stated that digital currencies can be used to reduce the reliance on the US Dollar
So...
Demand is there, and Pandora's Box is now opened
IT SEEMS INEVITABLE THAT THIS IS THE DIRECTION IN WHICH WE ARE HEADING.
Here is my current take on the situation.
[DISCLAIMER: THIS IS NOT INVESTMENT ADVICE]
Things can change and you should conduct your own due diligence.
I think Central Bank Digital Currencies will happen and start the trend towards a cashless society.
This will also make it easier to collect taxes for Governments.
Unfortunately, I believe this probably will be a centralised network.
This means that funds can be frozen (which is bad for certain privacy conscious consumers), although it will mean that transactions will have reduced fees and that the 'middleman' aspect of the financial services industry will be hit (which is good for all consumers).
Therefore, Bitcoin will be (and already is my opinion) the decentralised hedge against bad monetary policy and centralised power structures.
Allowing for peer to peer transactions in a decentralised manner.
In terms of long term investment, I think that Bitcoin will hit $100K within 2-3 years, and $1MM within the next 15 years.
This will be a critical issue over the next decade that could have some very serious consequences for those who are not prepared for this transition.
As an investor, it is important to understand where the long term trend is heading.
Generally, this revolves around technological innovation that makes our lives more convenient and makes it more efficient to transfer value and thus drive progress and prosperity.
These developments are an indicator of that, but it is important to remember that those in positions of power and that control the flow of money are ruthless in their pursuit to maintain that power and maybe, just maybe, the guys at the NSA created a decentralised hedge against their incompetence...
https://www.youtube.com/watch?v=MBQyv7_8fdY

BRAVE BROWSER: https://brave.com/fin894
submitted by financeoptimum to Bitcoin [link] [comments]

Central Bank Digital Currency

Christine Lagarde recently announced ECB (European Central Bank) Policy Makers are discussing plans to create their own Central Bank Digital Currency.
In her previous role at the IMF, Lagarde gave a speech - Winds of Change: The Case for New Digital Currency.
She gave this speech in November 2018.
For that paper she referenced, named Casting Light on Central Bank Digital Currencies - a particular section is very interesting indeed...
"This note contributes to a growing body of literature on CBDC. Others have already explored this topic, including international organisations such as the Bank for International Settlements and several central banks (Bank of Canada, People's Bank of China, Bank of England......."
Remember, this report is from November 2018 - so Central Banks and powerful entities such as the BIS, Bank of China and Bank of England have explored this topic in detail for longer than one initially assumes.

There are important points to discuss, as it could have huge implications for society in general:
  1. The first is the trend towards a cashless society. The infrastructure required for using cash costs countries a fair amount every year. Also, younger consumers prefer the convenience of mobile payments.
  2. What does this mean for privacy (particularly financial privacy)?
  3. What does this mean for the most vulnerable in society who are heavily reliant on cash, such as the homeless?
  4. As well as this, any trusted third party is a security hole - thus these centralised institutions are honeypots for skilled hackers
  5. There is of course Facebook's Libra and the recent news of China's plan to introduce the Digital Yuan

Outgoing Bank of England Governor Mark Carney has stated that digital currencies can be used to reduce the reliance on the US Dollar
So...
Demand is there, and Pandora's Box is now opened
IT SEEMS INEVITABLE THAT THIS IS THE DIRECTION IN WHICH WE ARE HEADING.
Here is my current take on the situation.
[DISCLAIMER: THIS IS NOT INVESTMENT ADVICE]
Things can change and you should conduct your own due diligence.
I think Central Bank Digital Currencies will happen and start the trend towards a cashless society.
This will also make it easier to collect taxes for Governments.
Unfortunately, I believe this probably will be a centralised network.
This means that funds can be frozen (which is bad for certain privacy conscious consumers), although it will mean that transactions will have reduced fees and that the 'middleman' aspect of the financial services industry will be hit (which is good for all consumers).
Therefore, Bitcoin will be (and already is my opinion) the decentralised hedge against bad monetary policy and centralised power structures.
Allowing for peer to peer transactions in a decentralised manner.
In terms of long term investment, I think that Bitcoin will hit $100K within 2-3 years, and $1MM within the next 15 years.

This will be a critical issue over the next decade that could have some very serious consequences for those who are not prepared for this transition.
As an investor, it is important to understand where the long term trend is heading.
Generally, this revolves around technological innovation that makes our lives more convenient and makes it more efficient to transfer value and thus drive progress and prosperity.
These developments are an indicator of that, but it is important to remember that those in positions of power and that control the flow of money are ruthless in their pursuit to maintain that power and maybe, just maybe, the guys at the NSA created a decentralised hedge against their incompetence...
https://www.youtube.com/watch?v=MBQyv7_8fdY

BRAVE BROWSER: https://brave.com/fin894
submitted by financeoptimum to investing_discussion [link] [comments]

Central Bank Digital Currency

Christine Lagarde recently announced ECB (European Central Bank) Policy Makers are discussing plans to create their own Central Bank Digital Currency.
In her previous role at the IMF, Lagarde gave a speech - Winds of Change: The Case for New Digital Currency.
She gave this speech in November 2018.
For that paper she referenced, named Casting Light on Central Bank Digital Currencies - a particular section is very interesting indeed...
"This note contributes to a growing body of literature on CBDC. Others have already explored this topic, including international organisations such as the Bank for International Settlements and several central banks (Bank of Canada, People's Bank of China, Bank of England......."
Remember, this report is from November 2018 - so Central Banks and powerful entities such as the BIS, Bank of China and Bank of England have explored this topic in detail for longer than one initially assumes.
There are important points to discuss, as it could have huge implications for society in general:
  1. The first is the trend towards a cashless society. The infrastructure required for using cash costs countries a fair amount every year. Also, younger consumers prefer the convenience of mobile payments.
  2. What does this mean for privacy (particularly financial privacy)?
  3. What does this mean for the most vulnerable in society who are heavily reliant on cash, such as the homeless?
  4. As well as this, any trusted third party is a security hole - thus these centralised institutions are honeypots for skilled hackers
  5. There is of course Facebook's Libra and the recent news of China's plan to introduce the Digital Yuan
Outgoing Bank of England Governor Mark Carney has stated that digital currencies can be used to reduce the reliance on the US Dollar
So...
Demand is there, and Pandora's Box is now opened
IT SEEMS INEVITABLE THAT THIS IS THE DIRECTION IN WHICH WE ARE HEADING.
Here is my current take on the situation.
[DISCLAIMER: THIS IS NOT INVESTMENT ADVICE]
Things can change and you should conduct your own due diligence.
I think Central Bank Digital Currencies will happen and start the trend towards a cashless society.
This will also make it easier to collect taxes for Governments.
Unfortunately, I believe this probably will be a centralised network.
This means that funds can be frozen (which is bad for certain privacy conscious consumers), although it will mean that transactions will have reduced fees and that the 'middleman' aspect of the financial services industry will be hit (which is good for all consumers).
Therefore, Bitcoin will be (and already is my opinion) the decentralised hedge against bad monetary policy and centralised power structures.
Allowing for peer to peer transactions in a decentralised manner.
In terms of long term investment, I think that Bitcoin will hit $100K within 2-3 years, and $1MM within the next 15 years.
This will be a critical issue over the next decade that could have some very serious consequences for those who are not prepared for this transition.
As an investor, it is important to understand where the long term trend is heading.
Generally, this revolves around technological innovation that makes our lives more convenient and makes it more efficient to transfer value and thus drive progress and prosperity.
These developments are an indicator of that, but it is important to remember that those in positions of power and that control the flow of money are ruthless in their pursuit to maintain that power and maybe, just maybe, the guys at the NSA created a decentralised hedge against their incompetence...
https://www.youtube.com/watch?v=MBQyv7_8fdY
BRAVE BROWSER: https://brave.com/fin894
submitted by financeoptimum to ReserveProtocol [link] [comments]

Central Bank Digital Currency

Christine Lagarde recently announced ECB (European Central Bank) Policy Makers are discussing plans to create their own Central Bank Digital Currency.
In her previous role at the IMF, Lagarde gave a speech - Winds of Change: The Case for New Digital Currency.
She gave this speech in November 2018.
For that paper she referenced, named Casting Light on Central Bank Digital Currencies - a particular section is very interesting indeed...
"This note contributes to a growing body of literature on CBDC. Others have already explored this topic, including international organisations such as the Bank for International Settlements and several central banks (Bank of Canada, People's Bank of China, Bank of England......."
Remember, this report is from November 2018 - so Central Banks and powerful entities such as the BIS, Bank of China and Bank of England have explored this topic in detail for longer than one initially assumes.
There are important points to discuss, as it could have huge implications for society in general:
  1. The first is the trend towards a cashless society. The infrastructure required for using cash costs countries a fair amount every year. Also, younger consumers prefer the convenience of mobile payments.
  2. What does this mean for privacy (particularly financial privacy)?
  3. What does this mean for the most vulnerable in society who are heavily reliant on cash, such as the homeless?
  4. As well as this, any trusted third party is a security hole - thus these centralised institutions are honeypots for skilled hackers
  5. There is of course Facebook's Libra and the recent news of China's plan to introduce the Digital Yuan
Outgoing Bank of England Governor Mark Carney has stated that digital currencies can be used to reduce the reliance on the US Dollar
So...
Demand is there, and Pandora's Box is now opened
IT SEEMS INEVITABLE THAT THIS IS THE DIRECTION IN WHICH WE ARE HEADING.
Here is my current take on the situation.
[DISCLAIMER: THIS IS NOT INVESTMENT ADVICE]
Things can change and you should conduct your own due diligence.
I think Central Bank Digital Currencies will happen and start the trend towards a cashless society.
This will also make it easier to collect taxes for Governments.
Unfortunately, I believe this probably will be a centralised network.
This means that funds can be frozen (which is bad for certain privacy conscious consumers), although it will mean that transactions will have reduced fees and that the 'middleman' aspect of the financial services industry will be hit (which is good for all consumers).
Therefore, Bitcoin will be (and already is my opinion) the decentralised hedge against bad monetary policy and centralised power structures.
Allowing for peer to peer transactions in a decentralised manner.
In terms of long term investment, I think that Bitcoin will hit $100K within 2-3 years, and $1MM within the next 15 years.
This will be a critical issue over the next decade that could have some very serious consequences for those who are not prepared for this transition.
As an investor, it is important to understand where the long term trend is heading.
Generally, this revolves around technological innovation that makes our lives more convenient and makes it more efficient to transfer value and thus drive progress and prosperity.
These developments are an indicator of that, but it is important to remember that those in positions of power and that control the flow of money are ruthless in their pursuit to maintain that power and maybe, just maybe, the guys at the NSA created a decentralised hedge against their incompetence...
https://www.youtube.com/watch?v=MBQyv7_8fdY
BRAVE BROWSER: https://brave.com/fin894
submitted by financeoptimum to Libertarian [link] [comments]

Central Bank Digital Currency

Christine Lagarde recently announced ECB (European Central Bank) Policy Makers are discussing plans to create their own Central Bank Digital Currency.
In her previous role at the IMF, Lagarde gave a speech - Winds of Change: The Case for New Digital Currency.
She gave this speech in November 2018.
For that paper she referenced, named Casting Light on Central Bank Digital Currencies - a particular section is very interesting indeed...
"This note contributes to a growing body of literature on CBDC. Others have already explored this topic, including international organisations such as the Bank for International Settlements and several central banks (Bank of Canada, People's Bank of China, Bank of England......."
Remember, this report is from November 2018 - so Central Banks and powerful entities such as the BIS, Bank of China and Bank of England have explored this topic in detail for longer than one initially assumes.
There are important points to discuss, as it could have huge implications for society in general:
  1. The first is the trend towards a cashless society. The infrastructure required for using cash costs countries a fair amount every year. Also, younger consumers prefer the convenience of mobile payments.
  2. What does this mean for privacy (particularly financial privacy)?
  3. What does this mean for the most vulnerable in society who are heavily reliant on cash, such as the homeless?
  4. As well as this, any trusted third party is a security hole - thus these centralised institutions are honeypots for skilled hackers
  5. There is of course Facebook's Libra and the recent news of China's plan to introduce the Digital Yuan
Outgoing Bank of England Governor Mark Carney has stated that digital currencies can be used to reduce the reliance on the US Dollar
So...
Demand is there, and Pandora's Box is now opened
IT SEEMS INEVITABLE THAT THIS IS THE DIRECTION IN WHICH WE ARE HEADING.
Here is my current take on the situation.
[DISCLAIMER: THIS IS NOT INVESTMENT ADVICE]
Things can change and you should conduct your own due diligence.
I think Central Bank Digital Currencies will happen and start the trend towards a cashless society.
This will also make it easier to collect taxes for Governments.
Unfortunately, I believe this probably will be a centralised network.
This means that funds can be frozen (which is bad for certain privacy conscious consumers), although it will mean that transactions will have reduced fees and that the 'middleman' aspect of the financial services industry will be hit (which is good for all consumers).
Therefore, Bitcoin will be (and already is my opinion) the decentralised hedge against bad monetary policy and centralised power structures.
Allowing for peer to peer transactions in a decentralised manner.
In terms of long term investment, I think that Bitcoin will hit $100K within 2-3 years, and $1MM within the next 15 years.
This will be a critical issue over the next decade that could have some very serious consequences for those who are not prepared for this transition.
As an investor, it is important to understand where the long term trend is heading.
Generally, this revolves around technological innovation that makes our lives more convenient and makes it more efficient to transfer value and thus drive progress and prosperity.
These developments are an indicator of that, but it is important to remember that those in positions of power and that control the flow of money are ruthless in their pursuit to maintain that power and maybe, just maybe, the guys at the NSA created a decentralised hedge against their incompetence...
https://www.youtube.com/watch?v=MBQyv7_8fdY
BRAVE BROWSER: https://brave.com/fin894
submitted by financeoptimum to InvestmentEducation [link] [comments]

Weekly news review (August 10-16)

Weekly news review (August 10-16)
We hope your Monday is running smoothly! Let's take a look at last week's news highlights ;)
https://preview.redd.it/hb0kaswd7dh31.png?width=1200&format=png&auto=webp&s=1c37e228edb42803eef0f57809be53c38ddbef18

A leading bank technology provider in Latin America is partnering with cryptocurrency exchange Bitex to facilitate cross-border payments over the bitcoin blockchain.
Bantotal is a core banking service provider based in Uruguay that services over 60 different financial institutions across 14 different countries. According to a Bantotal spokesperson, an estimated 20 million people use Bantotal’s money management services.
The partnership means that Bantotal clients will be able to access Bitex services in a marketplace of other traditional financial services that Bantotal offers through its BDevelopers program.
Calling it a “quantum leap” forward for local banks in Latin America, Beaudroit said that average fees associated with cross-border payments are up to five times cheaper using Bitex than international wire transfers.

An official at China’s central bank has said the institution is nearing the launch of its digital currency.
Since Facebook announced details of its Libra cryptocurrency project in mid June, China has viewed development of its digital coin with new urgency.
Early in July, the former governor of the PBoC Zhou Xiaochuan said that Libra poses a threat to payments systems and national currencies.
As previously reported, the large number of patents filed by the PBoC relating to its digital currency paint a picture of how it might work. They suggest the work addresses a technology that issues a digital currency, as well as provides a wallet that stores and transacts the asset in an “end-to-end” fashion.

New Zealand’s tax office, the Inland Revenue Department (IRD), has made it legal to receive salaries in cryptocurrency, and be taxed accordingly.
In its August bulletin, the agency published a new ruling under the Income Tax Act (in relation to section RD 3) that states that an employee can be paid salaries in crypto assets as long as the payments are for services performed under an employment contract, are for a fixed amount and form a regular part of the employee’s remuneration.
As far as tax goes, salaries paid in crypto assets will be treated as PAYE (pay as you earn) income payments. These are deducted by the employer and passed onto the tax department.
The new ruling – signed on June 27 by the agency’s director of public rulings, Susan Price – will apply for three years from Sept. 1, 2019.

An online survey by banking giant ING finds that Austrians are the most skeptical of Bitcoin (BTC) and cryptocurrencies in general. The poll, including respondents from 15 countries, shows that Bitcoin-positivity is also weakening in other countries, according to Der Standard, Aug. 14.
Austrians are generally conservative on investments, but on cryptocurrency they are very skeptical, with only 13% seeing digital currencies in a positive light.
Attitudes towards cryptocurrency worsened since last year’s survey. This year, 17% of Austrians think that cryptocurrency is the future of digital payments compared to 20% last year. Additionally, only 14% believe it is a significant form of investment in contrast to 17% last year.
Just 5% of Austrians would consider having their salaries paid in Bitcoin.
According to the survey, Austrians know more than most nations about cryptocurrencies, but prefer to avoid risk and volatility as much as possible.

In its latest research, security researchers at cybersecurity firm CheckPoint demonstrated how easy it is for hackers to remotely infect a digital DSLR camera with ransomware and hold private photos and videos hostage until victims pay a ransom.
Security researcher Eyal Itkin discovered several security vulnerabilities in the firmware of Canon cameras that can be exploited over both USB and WiFi, allowing attackers to compromise and take over the camera and its features.
According to a security advisory released by Canon, the reported security flaws affect Canon EOS-series digital SLR and mirrorless cameras, PowerShot SX740 HS, PowerShot SX70 HS, and PowerShot G5X Mark II.

Let us know what you think in the comments section below!
submitted by rokkex to Rokkex [link] [comments]

Is it possible? - China designing auditable – permission blockchain payment system. Can we discuss please how??

Recently People Bank of China (PBoC) said that it will keep a balance between users’ privacy and regulator need for an audit. Meaning users who transact in digital currency will have their anonymity preserved, just as the case with cash transactions. At the same time for regulators, it will provide just enough auditable information to combat money laundering, terrorist financing, tax evasion, online gambling transactions and financing criminal activities.
This was confusing for me that how it can be achieved unless it partially uses blockchain technology and still relies on the old centralized method. This open question made me put together pieces of the puzzle to figure out how this is even possible, what are they hiding, can anyone achieve auditable - permission blockchain.
Here is what I think is happening behind the scenes. Please feel free to share your thoughts:
Disclaimer: Since little is known about China’s digital currency design, this post is an Op-Ed.
User’s security will be the main focal point for PBoC which depends on one piece of information. An information user must protect and not loose: Private key. If the user loses the private key, s/he also loses all the assets. PBoC may greatly reduce the risk by using a simple idea: use more than one key to sign a transaction. A “multi-layer” arrangement known as the ‘Threshold signature scheme’ to protect the user’s private key. For example, requiring 2 out of 3 signatures to successfully sign a transaction.
In such an arrangement, each participant gets a separate private key for each user’s public-address. These participants could be – users themselves, Institutions, and auditors (or regulators). For ease of use, a mobile app will store the user’s private key and through biometric fingerprint sign the transactions. Note this mobile app is not a wallet, but more like an encrypted messaging app.
For users, the front-end interface would more or less look like a transaction app while in reality, it triggers an encrypted message. Each time the user initiates a transaction, the initiator’s institute receives the details of the transaction (like payee address, amount) in an encrypted message. A copy of this encrypted message is also saved in a private database 1 -‘Records’ for audit reference.
This strange relationship between Institute and user: As we know that China’s digital currency will be distributed by 7-8 institutes. Most of them are established financial institutions where their customers have already been through the KYC process. Therefore, any customer (user) from these institutes will use the provided mobile app to register, get added to database 2 – ‘White-list’ (explained later) and start initiating the transaction.
Now institutes with their set of private-key decode the message. Takes the information (like amount, recipient address, etc) and finds the receivers institute. Once found, the institution sends the currency to the receiver’s institution along with an encrypted message which adds the recipient’s address. This transaction between institutions happens in a real blockchain-based transaction system much like Bitcoin.
The receiving institution will look for the encrypted message and decrypt to know the recipient’s address. Then sends a confirmation message to the payee-payer and the mobile app syncs to reflect the new amount. Such an arrangement hides the payee-payer relationship as the public ledger only shows the institutions transacting with each other.
In addition to the above system, there might also be another private database 2 – ‘White-list’ to keep a record of all public addresses along with user identity associated with it. Before the institute processes the transaction, they may check the authenticity of the user in this database like KYC verified user, etc.
Now for audibility, auditors would refer to the private database 1 – ‘Records’. Each user will have an auditor assigned who can decrypt the message. Remember, the use of a threshold signature scheme. This auditor could be the third participant in this multi-layer arrangement who holds separate private-key associated with the user.
By coordinating with the respective institute, the auditors decrypt the transactions and check compliance of the user’s financial transaction. If a user is using the digital currency for illegal purposes, the authorities will lock-up his/her address by changing user status as ‘not valid’ in the database 2 – ‘White-list’.
So finally, here we have partial use of blockchain technology. What you think. Does it make sense or there could be another way of achieving complete blockchain based auditable-permissioned payment system?
submitted by Natural_Mountain to btc [link] [comments]

Central Bank Digital Currency

Christine Lagarde recently announced ECB (European Central Bank) Policy Makers are discussing plans to create their own Central Bank Digital Currency.
In her previous role at the IMF, Lagarde gave a speech - Winds of Change: The Case for New Digital Currency.
She gave this speech in November 2018.
For that paper she referenced, named Casting Light on Central Bank Digital Currencies - a particular section is very interesting indeed...
"This note contributes to a growing body of literature on CBDC. Others have already explored this topic, including international organisations such as the Bank for International Settlements and several central banks (Bank of Canada, People's Bank of China, Bank of England......."
Remember, this report is from November 2018 - so Central Banks and powerful entities such as the BIS, Bank of China and Bank of England have explored this topic in detail for longer than one initially assumes.
There are important points to discuss, as it could have huge implications for society in general:
  1. The first is the trend towards a cashless society. The infrastructure required for using cash costs countries a fair amount every year. Also, younger consumers prefer the convenience of mobile payments.
  2. What does this mean for privacy (particularly financial privacy)?
  3. What does this mean for the most vulnerable in society who are heavily reliant on cash, such as the homeless?
  4. As well as this, any trusted third party is a security hole - thus these centralised institutions are honeypots for skilled hackers
  5. There is of course Facebook's Libra and the recent news of China's plan to introduce the Digital Yuan
Outgoing Bank of England Governor Mark Carney has stated that digital currencies can be used to reduce the reliance on the US Dollar
So...
Demand is there, and Pandora's Box is now opened
IT SEEMS INEVITABLE THAT THIS IS THE DIRECTION IN WHICH WE ARE HEADING.
Here is my current take on the situation.
[DISCLAIMER: THIS IS NOT INVESTMENT ADVICE]
Things can change and you should conduct your own due diligence.
I think Central Bank Digital Currencies will happen and start the trend towards a cashless society.
This will also make it easier to collect taxes for Governments.
Unfortunately, I believe this probably will be a centralised network.
This means that funds can be frozen (which is bad for certain privacy conscious consumers), although it will mean that transactions will have reduced fees and that the 'middleman' aspect of the financial services industry will be hit (which is good for all consumers).
Therefore, Bitcoin will be (and already is my opinion) the decentralised hedge against bad monetary policy and centralised power structures.
Allowing for peer to peer transactions in a decentralised manner.
In terms of long term investment, I think that Bitcoin will hit $100K within 2-3 years, and $1MM within the next 15 years.
This will be a critical issue over the next decade that could have some very serious consequences for those who are not prepared for this transition.
As an investor, it is important to understand where the long term trend is heading.
Generally, this revolves around technological innovation that makes our lives more convenient and makes it more efficient to transfer value and thus drive progress and prosperity.
These developments are an indicator of that, but it is important to remember that those in positions of power and that control the flow of money are ruthless in their pursuit to maintain that power and maybe, just maybe, the guys at the NSA created a decentralised hedge against their incompetence...
https://www.youtube.com/watch?v=MBQyv7_8fdY
BRAVE BROWSER: https://brave.com/fin894
submitted by financeoptimum to economy [link] [comments]

Blockchain Receives Multi-Governmental Approval Whilst Qatar Bans Crypto

Blockchain Receives Multi-Governmental Approval Whilst Qatar Bans Crypto

Qatar's Financial Regulator Prohibits All Services Involving Virtual Assets
Bitcoin and its underlying blockchain technology have been around for a decade until finally seeing some genuine institutional interest. Governments around the globe are adopting the new technology, as the United States and China are cautiously pushing their regulatory frameworks further into completion. Other countries, such as Malta and the Virgin Islands on the other hand, are accepting a more crypto-friendly approach, helping their local economic growth.
The United States is taking a rather archaic and slow crypto adoption process, as U.S. regulators are still not certain how to classify different types of digital assets. However, few departments already deployed an in-house blockchain network for department-based grant awards.
The so-called GrandSolutions initiative makes a digitalized version of the grant records, as well as improves the mechanism for grant awards. The other major blockchain-based solution is in the healthcare industry.
Hospitals can exchange various data via a healthcare data exchange service in cooperation with the INFORMED incubator program. Blockchain also is being applied in the military as the U.S. military is piloting a project that enables exchange of secure 3d printing files for the production of various small-grade replacement parts.
Venezuela also joins the list of governments utilizing blockchain technology. In 2018 the NEM blockchain saw the creation of Venezuela's oil-backed cryptocurrency, dubbed "petro." The token allows Venezuela to add liquidity to their oil reserves and battle hyperinflation. "Petro" also mitigates the sanctions on the country, but as of press time, there is no clear information about the usage of "petro" from international investors.
Malta, with its blockchain-friendly regulatory frameworks, saw a massive boost in companies opening or shifting operations in the country. Despite being used as a crypto "haven" for illicit activities, Malta managed to attract large-scale crypto companies like Binance, which is revenue surpasses $2 billion. Companies like Binance give the otherwise small Malta economy a significant push.
The British Virgin Islands' government recently announced its plans to digitize its entire economy via a government-issued digital currency. The archipelago became a place for many crypto companies due to the less-demanding regulations. The British Virgin Islands's government plans to issue a U.S. dollar-pegged digital currency to eliminate the problems with cash transfer between the small islands.
China, on the other hand, is trying to become the first major country to issue a central bank digital currency. The People's Bank of China (PBoC) announced that the development is "progressing smoothly" during a work conference in Beijing. China's first plans to issue a central bank digital currency date back from 2014. PBoC's digital yuan would be first distributed to corporate banks, which would act as a mediator for businesses and persons, willing to open a digital wallet.
China seems to continue working towards wider blockchain adoption. However, plans for a "social credit system" rewarding good "behavior" via an aggressive surveillance approach is being set out. Furthermore, a state-issued digital currency means the Chinese government could oversee every transaction, as well as keep track on the financial history.
Surprisingly, Qatar's government banned all sorts of "virtual asset services" in the country. The ban means Qatar becomes a restricted area for crypto and blockchain businesses. The ban includes exchanging virtual assets for other virtual assets, or fiat, as well as crypto funds management and safekeeping.
Qatar's financial regulator noted, however, that digital securities do not fall under the ban, as they are under the legislation of Qatar's Central Bank, Qatar's Financial Markets Authority, or the Regulatory Authority.
submitted by Crypto_Browser to u/Crypto_Browser [link] [comments]

NEO's SITUATION EXPLANATION FOR NEW INVESTORS. READ AND DON'T ASK THE SAME QUESTIONS OVER AGAIN.

I created this post as I cannot answer everybody via private message. The whole stir that you can observe for the last 24 hours was caused by misinformation of RedPulse Token being banned in China. Nothing could be further from the truth, as no government intervention was carried out. It was the developers who decided to secure themselves and the business long-term, as the new regulations won't be ready before 10th of September. Transparency, legal cooperation, government certificates and permits are at the core of the Smart Economy. It must be this way if you want to see the mass adoption of smart contracts in any country. Let me quote the Red Pulse's white paper and Da Hongfei's words:
"Developers of Bitcoin and Ethereum have highlighted anonymity as one of their platforms’ main features. However, this comes with an inherent disadvantage, which is the integrity of transactions. NEO addresses this by adding digital identity to its capabilities.
With its origins in China, observers believe that this particular feature is beneficial in wider adoption of the technology in the country. Moreover, NEO is said to have the support of regulatory agencies and the business community in general. Beyond China, the main potential is in how NEO can better integrate with real-world applications, particularly those that require confirmation of identity, such as smart contracts.
“NEO aims to integrate itself better with the real economy. Only with the introduction of digital identity can we map offchain assets in a complaint manner"
"Cryptocurrencies have been viewed as operating in a regulatory grey area in China. Recent developments are promising however. The People’s Bank of China (PBoC), China’s central bank as well as financial regulator, has been actively engaged in the blockchain and cryptocurrency space since 2014. PBoC also launched its own fintech committee in May 2017 to study the impact of cryptocurrency on monetary policies, financial stability, settlement and clearing, among others. In July 2017, a consortium of six Chinese blockchain institutes jointly released a document titled “Guiyang Initial Coin Offering (ICO) Consensus” in Guiyang city [18]. The document outlines a plan to self-regulate initial coin offerings in China and prevent the outbreak of systemic financial risks. The proposal includes a pre-approval system for ICO applicants, clear investor requirements, and marketing and publicity rules. Red Pulse intends to comply with these directives, as appropriate and within our capabilities."
Summing up. The whole situation is used to shake off the weak hands and stocking up cheap coins before the First ICO is released. All people that invested in Antshares definitely realized the goverment cooperation, they understood Chinese market potential and difficulties. Furthermore, that was the main reason they invested. You already have the pioneering smart contract network- Ethereum. What differentiates ether from neo and onchain is the business plan to implement it in the real world economies. While ethereum foundation ran away from responsibility to Switzerland, the guys on NEO and Onchain are legally operating at the biggest, fastest growing, and over-regulated market in the world. Kudos to them. Everone who knows at least a bit about China would understand that the Ethereum Foundation, having hundreds of ICOs (Dog Coins, Useless Ethereum Coin and dozens of other ponzi schemes) that are totally unregulated, does not stand a chance on Chinese market.
Last, but not least. I do not advise anyone to invest in anything, just wanted to clarify some things so you can see the whole picture. Please remember that buying technological coins like NEO, you invest in technology. But the best technology can be worthless without mass market adoption. And this means fulfilling the plethora of legal restrictions, regulations and certificates. Looking at the ICOs history on ether smart contract network, or bitprotocol scam copies, one may be thankful for Onchain and NEO devs. Finally, we have the right, humble, hard working people at the right place, who understand the current limitations of blockchain.
Disclaimer: I'm an early investor in NEO network, so the opinion might be biased. If you disagree with my logic, do not invest your money. Especially more than you are ready to lose. People ask me in private messages who I am and what I do for a living and if I have experience with crypto. Well, I'm unemployed, no-experience teenager wanting to pump the coin. No, wait. I'm a billionaire in store of value in BTC who invested in 2011 and just getting bored during summer in Taipei to give some advise out of good heart I have. Oh wait, I'm a... I think since you cannot verify anything about people writing on reddit under their nicks, use your own logic. Critical thinking and cold analysis never hurts. Especially in the era of investors looking for information from YouTube gurus, who started investing on the market 6 months ago, and posting moon prices on their videos. Be smarter.
Best Regards.
submitted by beczka2006 to NEO [link] [comments]

Daily analysis of cryptocurrencies 20191108 (Market index 42 — Fear state)

Daily analysis of cryptocurrencies 20191108 (Market index 42 — Fear state)

https://preview.redd.it/bxr2m8sh9hx31.png?width=1920&format=png&auto=webp&s=d60b296dbf0c3e4c771d05223fc4cab543bbf27a

Little-Known Asian Crypto Exchange VinDAX Got Hacked, Lost ‘Half A Million USD’ Worth Of Tokens Vietnam-based little-known cryptocurrency exchange VinDAX has been hacked, losing “half a million USD” worth of cryptocurrencies, The Block has learned. An admin of VinDAX’s official Telegram channel, with the handle “@VinDAXSupport” confirmed to The Block on Nov. 8 that it is “true” that the exchange got hacked and lost cryptocurrencies worth the amount. They said the breach took place “3 days ago.”
France’s Le Maire Sees Progress On ECB Digital Currency Next Year France’s Finance Minister Bruno Le Maire said on Friday (Nov 8) there could be progress next year on the feasibility of a digital currency backed by the European Central Bank (ECB), but acknowledged the plan was for the long term and faced challenges. He also told a news conference in Brussels that he backed proposals from Germany’s Finance Minister Olaf Scholz to link progress on an Europe-wide bank deposit guarantee scheme to banks’ reduction of their exposure to sovereign debt.
Blockchain White Paper (2019): China’s Application For Blockchain Patents Ranks First In The World According to CCTV news, the China Academy of Information and Communications Technology (CAICT) released the Blockchain White Paper (2019) in Beijing today, Nov 8. Citing statistics from the white paper, the number of applications for blockchain patents is currently over 18,000 across the globe, and China holds more than half of the total, ranking the first in the world. At present, 38% of blockchain enterprises are concentrated in cryptocurrency, and 23% of blockchain enterprises focus on the research and development of blockchain technology. The US, China and the UK are three countries that own most blockchain companies in the world.
Former PBoC Govenor: China’s Central Bank-Backed Digital Currency Will Focus On Domestic Market In a recent summit held in Beijing, former PBoC (People’s Bank of China) governor ZHOU Xiaochuan appeared and made comments. Here are the main points of him: 1.In a reply to the question “Whether PBoC launched a timetable for the release of digital currencies,” ZHOU said some mints once said a potential substitution of paper money can be digital currencies five years ago, but they didn’t discuss the possibility of applying blockchain or distributed ledgers in details; 2.Third-party payment plays an important role in China’s payment industry, which grows towards the e-payment, and develops rapidly. Blockchain and distributed ledgers are still in an early stage in China. And he also believes digital currency has not been employed widely by global countries with Libra breaking forth nothing but a concept; 3.ZHOU revealed that PBoC once brought in some seminars to introduce blockchain and distributed ledgers. Considering blockchain and distributed ledgers are more suitable for small transactions, PBoC chose two systems — bill business and trade financing to do trials; 4.People still have many doubts about the hosting of Libra such as how to confirm the amount of the reserve fund, whether a private Libra Association lacks public transparency, and whether this Association aims to profit form interests; 5.PBoC’s digital currency will focus on domestic China, especially in such areas as wholesale between the banking industry and the third-party payment industry. Theoretically, it can provide services to retails but potentially at the expense of exposing China’s financial industry to great shocks. So, the organization is very cautious about this. A united mechanism may be needed if PBoC is to provide cross-border remittance or investment with such technologies.
https://preview.redd.it/ka6b70ok9hx31.png?width=504&format=png&auto=webp&s=592098ccdff9a0e7f716d672df53861800c03c1e

In the past few hours, there was a steady decline in bitcoin from the $9,440 high against the US Dollar. The last swing high was near $9,374 before the price declined below the $9,300 support area.
Moreover, there was a close below the $9,300 support and the 100 hourly simple moving average. Finally, the price spiked below the $9,120 support area and traded as low as $9,084.
It is currently correcting higher above the $9,120 level. Additionally, it surpassed the 50% Fib retracement level of the recent decline from the $9,374 high to $9,084 low.
However, the price is facing a lot of hurdles on the upside near the $9,240 and $9,300 levels. More importantly, there is a major bearish trend line forming with resistance near $9,240 on the hourly chart of the BTC/USD pair.

Encrypted project calendar(November 8, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th. IOTX/IoTeX: IoTex (IOTX) will participate in the CES Expo on November 08 TOP (TOP): 08 November 2019 Mainnet Launch “So excited to announce that on November 8th, TOP Network will officially launch the mainnet…” OKB (OKB): 08 November 2019 OKEx Talks — Valencia “Meet us at our next OKEx Talks in Valencia on 8 Nov with speaker Gustavo Segovia@sepu85 who will look at the benefits of creating Zenon (ZNN): 08 November 2019 Awareness Fund Payout “Distribution of the fund takes place every Friday until Pillars Lock-in Phase is completed.” Bytom (BTM): 08 November 2019 Keep Moving Conference “Bytom “Keep MOVing” conference will be held in Wuzhen World Conference. We will invite partners, core community members and devs to…” WAX (WAXP): 08 November 2019 Infinity Festival We’re at the Infinity Festival in LA this Friday, November 8th. Don’t miss Malcolm CasSelle speaking at this event on digital collectibles.

Encrypted project calendar(November 9, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland. HTMLCOIN (HTML): 09 November 2019 (or earlier) Mandatory Wallet Update Mandatory Wallet Update: there will be a soft fork on our blockchain. This update adds header signature verification on block 997,655. Harmony (ONE): 09 November 2019 Indian Meetups Come & meet us in person on November 9th in our meetups in Bangalore & New Delhi!

Encrypted project calendar(November 10, 2019)

Bibox Token (BIX): 10 November 2019 Bibox Summit “Bibox Summit 2019 — Maximizing Profit On Uptrend Season” from 1 PM — 5 PM (ITV) in Ho Chi Minh City. TRON (TRX): 10 November 2019 AMA w/Kucoin Co-founder “Join us on Nov 10, 6:00 PM(PST) for an AMA with TOP, Co-Founder of @kucoincom , in our English Telegram group…”

Encrypted project calendar(November 11, 2019)

PAX/Paxos Standard: Paxos Standard (PAX) 2019 Singapore Financial Technology Festival will be held from November 11th to 15th, and Paxos Standard will attend the conference. Crypto.com Coin (CRO): and 3 others 11 November 2019 Capital Warm-up Party Capital Warm-up Party in Singapore. GoldCoin (GLC): 11 November 2019 Reverse Bitcoin Hardfork The GoldCoin (GLC) Team will be “Reverse Hard Forking” the Bitcoin (BTC) Blockchain…” Horizen (ZEN): 11 November 2019 (or earlier) Horizen Giveaway — Nodes Horizen Giveaway — Win Free Node Hosting! Entries before November 11th. SINOVATE (SIN): 11 November 2019 Roadmap V3 SINOVATE (SIN) Roadmap V3 will be released with new upcoming technologies and proof of concepts! 0x (ZRX): 11 November 2019 0x V3 Vote Ends “The voting period will end on November 11. Learn more about all the exciting features included in v3 below.” Akropolis (AKRO): and 4 others 11 November 2019 Kucoin Blockchain Day “KuCoin Blockchain Day Berlin 2019” from 5 PM — 9:15 PM (CET) in Berlin.

Encrypted project calendar(November 12, 2019)

BTC/Bitcoin: The CoinMarketCap Global Conference will be held at the Victoria Theatre in Singapore from November 12th to 13th Binance Coin (BNB) and 7 others: 12 November 2019 CMC Global Conference “The first-ever CoinMarketCap large-scale event: A one-of-a-kind blockchain / crypto experience like you’ve never experienced before.” Aion (AION) and 17 others: 12 November 2019 The Capital The Capital conference from November 12–13 in Singapore. Loom Network (LOOM): 12 November 2019 Transfer Gateway Update “If you have a dapp that relies on the Transfer Gateway, follow the instructions below to make sure you’re prepared.” Kava (KAVA): 12 November 2019 Updated Mainnet Launch “Our updated mainnet launch will be on Tuesday November 12th at 14:00 UTC.” Crypto.com Coin (CRO): 12 November 2019 Telegram AMA Live AMA with CRO COO and Kucoin’s Global Community Manager on KuCoin’s official English Telegram channel at 16:00 (UTC+8). Chainlink (LINK): and 1 other 12 November 2019 NYC Meetup “Ontology + Future of Blockchain in China Meetup Presented by Chainlink” in NYC from 6:30 PM — 8:30 PM.

Encrypted project calendar(November 13, 2019)

Fetch.ai (FET): 13 November 2019 Cambridge Meetup “Join us for a@Fetch_ai #Cambridge #meetup on 13 November @pantonarms1.” Binance Coin (BNB) and 5 others: 13 November 2019 Blockchain Expo N.A. “It will bring together key industries from across the globe for two days of top-level content and discussion across 5 co-located events…” OKB (OKB): 13 November 2019 Dnipro, Ukraine- Talks Join us in Dnipro as we journey through Ukraine for our OKEx Cryptour on 11 Nov. Centrality (CENNZ): 13 November 2019 AMA Meetup “Ask our CEO@aaronmcdnz anything in person! Join the AMA meetup on 13 November in Singapore.” OKB (OKB): 13 November 2019 OKEx Cryptotour Dnipro “OKEx Cryptour Ukraine 2019 — Dnipro” in Dnipro from 6–9 PM (EET). Vexanium (VEX): 13 November 2019 Dapps Incentive Program Vexanium will give an incentive for every Dapps that is submitted during this program period. Egretia (EGT): 13 November 2019 Post Consensus Invest “2019 NYC Blockchain Gaming & DeFi Party | Post Consensus Invest” in NYC from 7–9 PM. Holo (HOT): 13 November 2019 AMA “Submit your questions before the #AMA on Nov 13th @ 5PM — 5:45PM UTC”

Encrypted project calendar(November 14, 2019)

BTC/Bitcoin: The 2019 BlockShow Asia Summit will be held at Marina Bay Sands, Singapore from November 14th to 15th. Binance Coin (BNB): and 4 others 14 November 2019 BlockShow Asia 2019 BlockShow Asia 2019 at Marina Bay Sands Expo, Singapore from November 14–15. Basic Attention Token (BAT): 14 November 2019 London Privacy Meetup “If you’re in London on Nov. 14th, don’t miss our privacy meetup! The Brave research team, our CPO @johnnyryan, as well as @UoE_EFI Horizen (ZEN): 14 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. IOTA (MIOTA): 14 November 2019 Berlin Meetup From Construction to Smart City: IOTA, Maschinenraum & Thinkt Digital will explain, using concrete use cases, how to gain real value from.. Dash (DASH): 14 November 2019 Q3 Summary Call “Dash Core Group Q3 2019 Summary Call — Thursday, 14 November 2019” NEO (NEO): 14 November 2019 NeoFest Singapore Meetup “Glad to have@Nicholas_Merten from DataDash as our host for #NeoFest Singapore meetup on 14th Nov!” ANON (ANON): 14 November 2019 ANONIO Wallet Upgrade In conjunction with the Echelon Update, the ANONIO wallet will also be receiving an upgrade!

Encrypted project calendar(November 15, 2019)

TRON (TRX): 15 November 2019 Cross-chain Project “The #TRON cross-chain project will be available on Nov. 15th” Bluzelle (BLZ): 15 November 2019 (or earlier) CURIE Release CURIE release expected by early November 2019. Zebi (ZCO): 15 November 2019 ZEBI Token Swap Ends “… We will give 90 days to all the ERC 20 token holders to swap out their tokens into Zebi coins.” OKB (OKB): 15 November 2019 OKEx Talks — Vilnius “Join us for a meetup on 15 Nov (Fri) for our 1st ever Talks in Vilnius, Lithuania.” Zenon (ZNN): 15 November 2019 Awareness Fund Payout “Distribution of the fund takes place every Friday until Pillars Lock-in Phase is completed.”

Encrypted project calendar(November 16, 2019)

Bancor (BNT): and 2 others 16 November 2019 Crypto DeFiance-Singapore “Crypto DeFiance is a new global DeFi event embracing established innovators, financial market disruptors, DApp developers…” NEM (XEM): 16 November 2019 Developer’s Event “BLOCKCHAIN: Creation of Multifirma services” from 10:50 AM — 2 PM.

Encrypted project calendar(November 17, 2019)

OKB (OKB): 17 November 2019 OKEx Talks — Lagos Join us on 17 Nov for another OKEx Talks, discussing the “Life of a Crypto Trader”.

Encrypted project calendar(November 18, 2019)

Maker (MKR): 18 November 2019 MCD Launch “BIG changes to terminology are coming with the launch of MCD on Nov. 18th Say hello to Vaults, Dai, and Sai.”

Encrypted project calendar(November 19, 2019)

Lisk (LSK): 19 November 2019 Lisk.js “We are excited to announce liskjs2019 will take place on November 19th. This all day blockchain event will include…”

Encrypted project calendar(November 20, 2019)

OKB (OKB): 20 November 2019 OKEx Cryptour Odessa Ukr “Join us in Odessa as we journey through Ukraine for our OKEx Cryptour!

Encrypted project calendar(November 21, 2019)

Cardano (ADA): and 2 others 21 November 2019 Meetup Netherlands (AMS) “This meetup is all about how to decentralize a blockchain, the problems and differences between Proof-of-Work and Proof-of-Stake…” Cappasity (CAPP): 21 November 2019 Virtuality Paris 2019 “Cappasity to demonstrate its solution for the interactive shopping experience at Virtuality Paris 2019.” Horizen (ZEN): 21 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. OKB (OKB): 21 November 2019 OKEx Talks — Johannesburg “Join us the largest city of South Africa — Johannesburg where we will host our OKEx Talks on the 21st Nov.” IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key tech. OKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “

Encrypted project calendar(November 22, 2019)

IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key tech OKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “

Encrypted project calendar(November 27, 2019)

OKB (OKB): 27 November 2019 OKEx Cryptour Vinnytsia “Join us in Vinnytsia as we journey through Ukraine for our OKEx Cryptour!” Fetch.ai (FET): 27 November 2019 London Meetup “Join us on 27 November @primalbasehq to hear an exciting progress report as we prepare for the launch of our #mainnet”

Encrypted project calendar(November 28, 2019)

Horizen (ZEN): 28 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.

Encrypted project calendar(November 30, 2019)

Ethos (ETHOS): 30 November 2019 (or earlier) Rebranding “In November, we unveil the broker token, a dynamic utility token to power our commission-free crypto trading and broker platform, Voyager.” Digitex Futures (DGTX): 30 November 2019 Public Testnet Launch “…We can expect to see the world’s first zero-commission futures trading platform live on the Ethereum public testnet from 30th November.” Monero (XMR): 30 November 2019 Protocol Upgrade “Preliminary information thread regarding the scheduled protocol upgrade of November 30.” Chiliz (CHZ): 30 November 2019 (or earlier) Fiat to CHZ Exchanges “We will add another two fiat to $CHZ exchanges in November…” Skrumble Network (SKM): 30 November 2019 (or earlier) P2P & Group Calling “P2P & Group Video Calling,” during November 2019. Aergo (AERGO): 30 November 2019 (or earlier) Mainnet 2.0 Upgrade Mainnet 2.0 Protocol update by end of November. Akropolis (AKRO): 30 November 2019 (or earlier) Beta Release “All functionality has been deployed to mainnet.” Nash Exchange (NEX): 30 November 2019 (or earlier) Mobile Strategy Phase 2 “Phase 2 of our mobile strategy will be live soon with our wallet and portfolio app hitting stores in November!”

Encrypted project calendar(November 31, 2019)

Wanchain (WAN): 31 December 2019 (or earlier) Wanchain 4.0 Release Wanchain 4.0, which introduces private chains integration and multi-coin wallet, released in Dec 2019. QuarkChain (QKC): 31 December 2019 (or earlier) Token Testnet Release Testnet for Multi-Native-Token and New Consensuses.

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Regulations Applied To Cryptocurrencies Around The World

Cryptocurrency Regulations
Since the launch of Bitcoin in 2009, the economic revolution of cryptocurrencies has generated a stir in its demand, causing an increase in its popularity, therefore, increasing the transactions within the blockchain and the movements of crypto in the market. Consequently, many countries have had to implement laws and regulations to control crypto transactions within their jurisdiction, note that the blockchain are decentralized and do not respond to any public financial and legal entity, causing a lack of control over the transactions within the network.
Telos Blockchain, having governance and a specific and defined arbitration system, is governed by laws and regulations that prevent many illicit actions from becoming effective, this collaborates with the cause of the countries that are implementing new regulations, becoming the ideal platform.
As the demand for crypto increases, governments apply greater regulations at a global level, taking into account that cryptocurrencies are not backed by central banks, which is why many countries believe that there should be regulations that control this type of currency since it affects its local currency directly and indirectly; despite being an asset that can bring economic benefits to its users, it also lends itself to criminal actions through the network and the crypto. Any decision or economic announcement made in each country determines negatively or positively the behavior of the price of digital currencies.
The regulators aim to prevent illicit actions in exchange houses, such as, for example, money laundering, terrorism financing, scams, payments to the dark web among others; According to the DEA, 10% of transactions with cryptocurrencies are used for illegal activities. During an interview with Lilita Infante of the United States Drug Enforcement Administration (DEA), published in Bloomberg, five years ago the percentage of criminal activity in blockchain transactions was 90%, at present, this number represents 10%, which has become transactions for price speculation and not for other purposes.
In countries of the first world, governments have established regulations and laws that control the use of crypto assets. The regulations applied in China are not the same applied in the United States or Japan. Herein will be specified some regulations of countries where crypto have marked a trend.

Regulations In Japan

Asia, is one of the continents where more transactions of cryptocurrencies are made, not all countries that constitute the continent have been receptive, but this is not the case in Japan; where there are regulations in the commercial exchange of cryptocurrencies. The amendment that approved the use of cryptocurrencies in the country took effect as of 2017; under the Payment Services Act, only exchanges with representatives that reside in Japan and have offices in the country registered as part of the Japanese financial services agency may legally operate in the exchange of digital currencies.
The National Tax Agency (Dec 2017), established that all income in cryptocurrency are classified as “miscellaneous income” and are added to the total amount of other income that a citizen has; the taxes are calculated from the total amount of the incomes and then they are taxed. Investors must pay taxes at rates that range from 15% to 55%.
Japan under the Act on Prevention of Transfer of Criminal Proceeds, exchanges are required to verify the identities of customers who open accounts, keep records of transactions and notify the authorities when a suspicious transaction is recognized. Following the loss of 400 million dollars in NEM tokens in one of the most used exchanges in Japan, Coincheck, the government of Japan, according to the Library of Congress,
“The local Finance Bureau ordered Coincheck to submit a report on the same day, examined it, and issued an order of business improvement on January 29, 2018. The following day the FSA requested all cryptocurrency exchange businesses to review their system-risk management plans and report the results to the FSA. On March 2, 2018, the FSA conducted an on-site inspection of Coincheck. On March 8, 2018, the local Finance Bureaus issued business-improvement orders to seven exchange businesses, again including Coincheck. A group of cryptocurrency exchange businesses publicized their decision to form a new self-regulating body on March 2, 2018, that all registered exchange businesses will join. The body aims to obtain authorization from the FSA under the Payment Services Act.”

Regulations In China

Mainland China

In this country, both cryptocurrencies and exchange houses have been banned by the People’s Bank of China (PBOC), were completely eliminated in 2017, where 173 platforms were closed by 2018. Financial institutions cannot make any transactions with Bitcoin or another digital currency. In addition, they also banned ICOs and national currency exchanges. Additionally, as of January 2018, most of the crypto miners closed operations.

Hong Kong

Unlike mainland China, there is a British ex-colony that in 1997 stopped being part of Britain and became part of the Chinese, but it was agreed that this region would be autonomous for half a century before Beijing takes full control over it. In other words, it is “one country, two systems”. This area called Hong Kong is governed by the same president of mainland China but does not comply with the same communist regulations. Unlike China, the cryptocurrencies are legal, currently, there is no legislation that regulates digital money, but they have an anti-crime organization which sanctions those who do not comply with requirements that stops cases of money laundering or fraud; Bitcoin is considered a virtual asset.
Crypto Legal Status 2019

Regulations In The USA

Currently, cryptocurrencies are not considered as legal tender, although their exchange is; the regulations will depend on the state and the federal authorities since each one has different concepts of cryptocurrencies.
The Financial Crimes Enforcement Network (FinCEN) considers that tokens are another value that replaces the local currency (Dollar), unlike the Internal Revenue Service (IRS) which establishes that cryptocurrencies are taxed as a property and not like a coin.
In 2015, 802 people declared and paid taxes on the cryptocurrencies profits, which means that users are evading these taxes; The IRS is apparently using a unique software that helps them locate those users who are evading taxes. This theory is promoted by Laura Walter, a certified public accountant and cryptocurrency tax specialist, who published on July 8, 2018, a document that apparently has been presented to IRS agents of the Criminal Investigation division. The document indicates that the IRS intends to serve the subpoenas to request from large technology companies (Apple, Google, Paypal among others) information on users’ download history and to confirm whether they have any application in their devices related to any cryptocurrency.
The United States is considered one of the countries with most transactions in LocalBitcoin, therefore, they have placed more regulations and laws when making this type of transactions. In 2018, the US Supreme Court debated the future of Bitcoin for the first time, and this and other cryptocurrencies are regulated under United States law.
The treasury of the United States classified in 2013, that Bitcoin is a “convertible decentralized virtual currency”. The Commodity Futures Trading Commission, CFTC, classified bitcoin as a “good or asset” in September 2015.
The US government has required all monetary service companies, such as, for example, exchanges, which carry out considerable transactions in the region, to meet several requirements:
• Register in the FinCEN.
• Design an anti-money laundering (AML) program.
• Maintain record and make reports in case of suspicious activity (SAR). US FinCEN receives 1,500 SARs per month.
• Make and deliver reports of digital currency transactions (CTR).

Regulations In Canada

Currently, cryptocurrencies are not considered as legal tender, although their exchange is, depending on the province. Since 2013, the Canada Revenue Agency has taxed the cryptocurrency transactions depending on the type of activity. Canada was one of the first countries to draw up cryptocurrency legislation, which designated exchanges as “money service businesses,” where they have to follow with anti-money laundering and know-your-client requirements among others.

Regulations In The European Union

Cryptocurrencies are legal, depending on the country the regulations will change. Exchange houses are currently not regulated at the regional level. In some cases, the exchanges have to register with the regulators of each country, where they grant these companies authorizations to operate legally within the jurisdiction of each country. In addition, each jurisdiction has different tax systems, which charge citizen’s taxes from the profits of the purchase and sale of cryptocurrency that ranges from 0% -50%.

Regulations In Australia

In Australia cryptocurrencies (treated as property) and exchanges are considered legal; In 2017 the Australian Senate declared the legality of cryptocurrencies and are subject of Capital Gains Tax. The same year, they began debating statutes for anti-money laundering to the country’s cryptocurrency exchanges; by the end of the year, cryptocurrency exchanges have to register with the country’s financial intelligence agency Austrac where they have to verify the user identity and other requirements. Currently, there are no regulations for the use of digital money as a payment method.

Countries where cryptocurrency is banned or legal 2019

In conclusion…

Consequently to the economic collapses that many developing countries have been through, there is a need for a stable economic structure that is not easily influenced by its environment. The blockchain has provided solutions to this need and many users from all over the world have had to resort to this economic model, as, for example, Third World countries, which suffer inflation, exchange controls, economic regulations by their governments, among other problems. Telos Blockchain has come to give an economical alternative to the user for the best management of their assets and their patrimony with a reliable and safe model, unlike other blockchains that have fallen into fraud, scams, money laundering among others, many countries have taken action on the matter and have placed regulations and laws that control possible security flaws in this model, such as unlawful acts.
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QuarkChain Is Prepared to Support Digital Yuan!

QuarkChain Is Prepared to Support Digital Yuan!

https://preview.redd.it/6frjbzy53ph31.png?width=900&format=png&auto=webp&s=dd650b5ce3fd27414f207b349bdd10c4d47c0b37
The author is a QuarkChain scientist, Professor of Xi’an Jiaotong University
The most recent big news is that China’s Libra, cryptocurrency digital Yuan is coming. On a forum held on August 10, the deputy director for payments at the People’s Bank of China (PBoC), Mu Changchun, mentioned that PBoC will issue its own cryptocurrency. After reading the related information, I was impressed by PBoC’s provision for the future (they actually started researching cryptocurrency since 2014). What astonished me more is that PBoC’s future demands to support cryptocurrency coincide exactly with a present public chain project, QuarkChain.
There have already been lots of articles discussing the significance of the Digital Yuan. In this article, we focus on the features of the required network technology that Mu mentioned, to find out what the digital network, which can both support the Digital Yuan and meet the requirements of over a population of 1 billion, looks like.

I: High concurrency

Mu said, “There is an issue. Since our cryptocurrency is M0 replacement, if we want to reach a retail level, first of all, high concurrency is a problem which can not be avoided. During the Double 11 shopping carnival last year, the trading summit of NetsUnion reached 92771 per second. In comparison, for Bitcoin, it’s 7 transactions per second, and for ETH, it’s 10 to 20 transactions per second. According to the white paper released by Libra, it’s 1000 transactions per second.
Because the Digital Yuan needs to reach a retail level, it asks the platform for a high trading processability, targeting a rate of 100,000 TPS(Transactions Per Second). High TPS is a significant characteristic of QuarkChain, which makes it exceed Ethereum. During a TPS competition held by QuarkChain last year, developers used the open-source programme of QuarkChain to achieve a rate of a 50,000 TPS. Besides, thanks to the horizontal scalability of QuarkChain’s state sharding solution, it is ready to realize a rate of 100,000 TPS by adding more shards.

II: A Two-layer Structure Brings High Adaptability

Mu mentioned in his talk, “China is a complicated economy entity with a vast territory and a large population. The economic development, the resource distribution, and the educational level of different regions, as well as the level of accepting the smart terminals, are quite different. Thus, it’s a complicated but systematic project for the economy entity to launch an official digital currency. Adopting a single-layer operating structure means that the PBoC has to face the public by itself. It will bring great challenges for PBoC during such a circumstance. Considering improving availability as well as enhancing the public’s willingness to use it, we think a two-layer operation structure should be adopted to overcome the difficulties.”
Users who are familiar with QuarkChain must be familiar with its two-layer structure. There is a root chain in QuarkChain which is responsible for providing the network security while each shard is focusing on processing every transaction. The shard chains can be heterogeneous and each shard chain can have different characteristics which can custom-make according to different scenarios.
In consideration of the fact that “China is a complicated economy entity with a vast territory and a large population. The economic development, the resource distribution, and the educational level of different regions, as well as the level of accepting the smart terminals, are quite different.” It is very complicated to satisfy each real business scenario and it is difficult to provide a one-size-fits-all solution by only one single consensus. Only enough flexibility and specific adjustment can provide the best solutions. QuarkChain’s two-layer structure heterogeneous shards for different purposes.
Besides, just as Director Mu mentioned, a two-layer structure is conducive not only to leveraging business institutions’ advantages of resources, talents, and technology, but also to promote innovation and competition selection. It also helps to dissolve risks and avoid over-centralization of risks. In addition, it prevents the asset price rises caused by financial disintermediation to increase the cost of financing and harm the entity economy. QuarkChain’s two-layer structure can perfectly support the Digital Yuan to realize the governance goal.

III: Anonymity

Mu mentioned, “Electronic payments such as bank cards and internet payment are payment coupling with the existing bank accounts. Public’s requirements of anonymous payment can not be satisfied completely. Thus, electronic payments can not replace M0 completely. The design of Digital Yuan not only remains the nature and main characteristics of the present currency but also meets the requirement of being portable and anonymous, which makes it a better tool to replace the present currency. “
“For Digital Yuan, the accounts are loosely coupled. That means to realize the value transfer from traditional bank accounts,the transaction processes less rely on the account information. In this way, Digital Yuan is easy to circulate like cash, which is good for RMB’s circulation and internationalization. It can also realize controllable anonymity at the same time. We need to ensure that both sides of the transaction are anonymous and guarantee the San Fan ( anti-money-laundering, anti-terrorist financing, and anti-tax evasion), we need to strike a balance between the two.
The goal of Digital Yuan is to replace M0. To achieve this goal, we need to accomplish the task which is impossible for the present online payment system. The fact that the bank cards and internet payments are tightly coupled with present bank accounts can not satisfy the public’s requirement of anonymous payment. Thanks to QuarkChain’s great flexibility of its understructure, each shard chain can be deployed with unique characteristics. Shards with a high level of anonymity have already been under development.

IIII: Support Smart Contracts

Mu expressed in the later half of his talk, “One thing I’d like to emphasize is the attitude towards smart contracts. Digital Yuan is able to load smart contracts.” “We will load smart contracts which benefit the currency function.” If you follow our latest technology development, you will get to know that QuarkChain is the very first to support deploying cross-shard smart contracts among all the sharding projects. It is a great technological challenge to deploy cross-shard smart contracts. QuarkChain has upgraded to the newest EVM, making QuarkChain compatible with the most mainstream smart contract.
Finally, let us summarize Director Mu’s expectations for future Digital Yuan, which also represents PBoC’s demands. The requirements are: high scalability, high TPS, smart contracts supportive, anonymous and easily regulated by PBoC. We are proudly to say that QuarkChain is a perfect fit.

Attached

The whole content of the speech delivered by Mu Changchun, deputy director for payments at the People’s Bank of China (PBoC), during the 3rd China Finance 40 Summit in Yichun.
http://bc.jrj.com.cn/2019/08/10213127957697.shtml
Website:https://www.quarkchain.io Telegram:https://t.me/quarkchainio Twitter:https://twitter.com/Quark_Chain Medium:https://medium.com/quarkchain-official Reddit:https://www.reddit.com/quarkchainio/ Facebook:https://www.facebook.com/quarkchainofficial/ Discord:https://discord.me/quarkchain
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Daily analysis of cryptocurrencies 20191113(Market index 38 — Fear state)

Daily analysis of cryptocurrencies 20191113(Market index 38 — Fear state)

https://preview.redd.it/lpgvf24z5hy31.png?width=1377&format=png&auto=webp&s=14ed9c90ece1d952011533b3c2483663380797fe

The People’s Bank of China Denies Issuance Of National Digital CurrencyAccording to the announcement of the People’s Bank of China (PBoC), the central bank has not issued any legal digital currency (DC/EP) or authorized any asset trading platform to conduct transactions.The PBoC has been researching legal digital currencies since 2014, which is still in the process of research and testing. Besides, the launch date circulating online is not credible. The “DC/EP” or “DCEP” transacted in the market is not the real legal
CFTC Chairman: America Should Lead Blockchain SpaceThe CFTC (Commodity Futures Trading Commission) Chairman Heath Tarbert shared his views on the state of the crypto/blockchain industry in the United States on Nov. 12. According to him, the US should take a more active role in the space, and even take the lead, if possible.He also claimed that the US’s regulatory landscape is fractured and uncertain, and believed that the issue lies in the fact that federal and state agencies are ‘jockeying for oversight’ of the markets.
Telegram Asks Court To Dismiss SEC Lawsuit Against Gram CryptocurrencyEncrypted messaging service Telegram has asked the New York Southern District Court to throw out accusations by United States regulators that its in-house cryptocurrency is a security.In a fresh filing on Nov. 12, Telegram’s lawyers did not mince their words as they accused the U.S. Securities and Exchange Commission (SEC) of abandoning just practice in its criticisms.
https://preview.redd.it/ys1tvh5e5hy31.png?width=504&format=png&auto=webp&s=9b92b19363ec09a5ac23c92b0cc4693715eb9a05

In morning, we saw an upside correction in bitcoin from the $8,560 swing low against the US Dollar. However, BTC faced a strong resistance near the $8,800 level and the 100 hourly simple moving average.
There was another decline below the $8,750 level. Moreover, the price broke the 23.6% Fib retracement level of the upward move from the $8,560 low to $8,839 high. The price even broke the $8,720 level, but it stayed above the $8,700 level.
It seems like the 50% Fib retracement level of the upward move from the $8,560 low to $8,839 high is acting as a support. Recently, bitcoin price made another attempt to clear the $8,800 resistance and the 100 hourly simple moving average, but it failed.
More importantly, morning’s bearish trend line is active with resistance near $8,775 on the hourly chart of the BTC/USD pair. The pair is once again declining and is trading below the $8,750 level.
Review previous articles: https://medium.com/@to.liuwen

Encrypted project calendar(November 13, 2019)

Fetch.ai (FET): 13 November 2019 Cambridge Meetup “Join us for a@Fetch_ai #Cambridge #meetup on 13 November @pantonarms1.”Binance Coin (BNB) and 5 others: 13 November 2019 Blockchain Expo N.A. “It will bring together key industries from across the globe for two days of top-level content and discussion across 5 co-located events…”OKB (OKB): 13 November 2019 Dnipro, Ukraine- Talks Join us in Dnipro as we journey through Ukraine for our OKEx Cryptour on 11 Nov.Centrality (CENNZ): 13 November 2019 AMA Meetup “Ask our CEO@aaronmcdnz anything in person! Join the AMA meetup on 13 November in Singapore.”OKB (OKB): 13 November 2019 OKEx Cryptotour Dnipro “OKEx Cryptour Ukraine 2019 — Dnipro” in Dnipro from 6–9 PM (EET).Vexanium (VEX): 13 November 2019 Dapps Incentive Program Vexanium will give an incentive for every Dapps that is submitted during this program period.Egretia (EGT): 13 November 2019 Post Consensus Invest “2019 NYC Blockchain Gaming & DeFi Party | Post Consensus Invest” in NYC from 7–9 PM.Holo (HOT): 13 November 2019 AMA “Submit your questions before the #AMA on Nov 13th @ 5PM — 5:45PM UTC”

Encrypted project calendar(November 14, 2019)

BTC/Bitcoin: The 2019 BlockShow Asia Summit will be held at Marina Bay Sands, Singapore from November 14th to 15th.Binance Coin (BNB): and 4 others 14 November 2019 BlockShow Asia 2019 BlockShow Asia 2019 at Marina Bay Sands Expo, Singapore from November 14–15.Basic Attention Token (BAT): 14 November 2019 London Privacy Meetup “If you’re in London on Nov. 14th, don’t miss our privacy meetup! The Brave research team, our CPO @johnnyryan, as well as @UoE_EFIHorizen (ZEN): 14 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.IOTA (MIOTA): 14 November 2019 Berlin Meetup From Construction to Smart City: IOTA, Maschinenraum & Thinkt Digital will explain, using concrete use cases, how to gain real value from..Dash (DASH): 14 November 2019 Q3 Summary Call “Dash Core Group Q3 2019 Summary Call — Thursday, 14 November 2019”NEO (NEO): 14 November 2019 NeoFest Singapore Meetup “Glad to have@Nicholas_Merten from DataDash as our host for #NeoFest Singapore meetup on 14th Nov!”ANON (ANON): 14 November 2019 ANONIO Wallet Upgrade In conjunction with the Echelon Update, the ANONIO wallet will also be receiving an upgrade!

Encrypted project calendar(November 15, 2019)

TRON (TRX): 15 November 2019 Cross-chain Project “The #TRON cross-chain project will be available on Nov. 15th”Bluzelle (BLZ): 15 November 2019 (or earlier) CURIE Release CURIE release expected by early November 2019.Zebi (ZCO): 15 November 2019 ZEBI Token Swap Ends “… We will give 90 days to all the ERC 20 token holders to swap out their tokens into Zebi coins.”OKB (OKB): 15 November 2019 OKEx Talks — Vilnius “Join us for a meetup on 15 Nov (Fri) for our 1st ever Talks in Vilnius, Lithuania.”Zenon (ZNN): 15 November 2019 Awareness Fund Payout “Distribution of the fund takes place every Friday until Pillars Lock-in Phase is completed.”

Encrypted project calendar(November 16, 2019)

Bancor (BNT): and 2 others 16 November 2019 Crypto DeFiance-Singapore “Crypto DeFiance is a new global DeFi event embracing established innovators, financial market disruptors, DApp developers…”NEM (XEM): 16 November 2019 Developer’s Event “BLOCKCHAIN: Creation of Multifirma services” from 10:50 AM — 2 PM.

Encrypted project calendar(November 17, 2019)

OKB (OKB): 17 November 2019 OKEx Talks — Lagos Join us on 17 Nov for another OKEx Talks, discussing the “Life of a Crypto Trader”.BitCash (BITC): 17 November 2019 BitCash Gold Hard Fork We will introduce a third currency on the BitCash blockchain with BitCash Gold. BitCash Gold is pegged to the price of gold.EDC Blockchain (EDC): 17 November 2019 Blockchain Seminar “On November 17th, 2019, we invite you to visit the EDC Blockchain seminar in Surabaya, East Java, Indonesia. “

Encrypted project calendar(November 18, 2019)

Maker (MKR): 18 November 2019 MCD Launch “BIG changes to terminology are coming with the launch of MCD on Nov. 18th Say hello to Vaults, Dai, and Sai.”

Encrypted project calendar(November 19, 2019)

Lisk (LSK): 19 November 2019 Lisk.js “We are excited to announce liskjs2019 will take place on November 19th. This all day blockchain event will include…”Aion (AION): 19 November 2019 Hard Fork “Leading up to the hard fork on November 19th-20th, 2019 the Unity — Aion Kernel will be upgraded by node operators.”Enigma (ENG): 19 November 2019 Open Community Call The first Enigma Open Community Call is Tuesday, Nov 19th, 11AM ET! important updates on our protocol, the Genesis Game, and our road ahead.

Encrypted project calendar(November 20, 2019)

OKB (OKB): 20 November 2019 OKEx Cryptour Odessa Ukr “Join us in Odessa as we journey through Ukraine for our OKEx Cryptour!DAPS Token (DAPS): 20 November 2019 Partnership with SWFT “Everyone will have $DAPS mobile wallets, atomic swaps and much more starting on the 20th of November!”

Encrypted project calendar(November 21, 2019)

Cardano (ADA): and 2 others 21 November 2019 Meetup Netherlands (AMS) “This meetup is all about how to decentralize a blockchain, the problems and differences between Proof-of-Work and Proof-of-Stake…”Cappasity (CAPP): 21 November 2019 Virtuality Paris 2019 “Cappasity to demonstrate its solution for the interactive shopping experience at Virtuality Paris 2019.”Horizen (ZEN): 21 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.OKB (OKB): 21 November 2019 OKEx Talks — Johannesburg “Join us the largest city of South Africa — Johannesburg where we will host our OKEx Talks on the 21st Nov.”IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key tech.OKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “

Encrypted project calendar(November 22, 2019)

IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key techOKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “

Encrypted project calendar(November 27, 2019)

OKB (OKB): 27 November 2019 OKEx Cryptour Vinnytsia “Join us in Vinnytsia as we journey through Ukraine for our OKEx Cryptour!”Fetch.ai (FET): 27 November 2019 London Meetup “Join us on 27 November @primalbasehq to hear an exciting progress report as we prepare for the launch of our #mainnet”

Encrypted project calendar(November 28, 2019)

Horizen (ZEN): 28 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.

Encrypted project calendar(November 30, 2019)

Ethos (ETHOS): 30 November 2019 (or earlier) Rebranding “In November, we unveil the broker token, a dynamic utility token to power our commission-free crypto trading and broker platform, Voyager.”Digitex Futures (DGTX): 30 November 2019 Public Testnet Launch “…We can expect to see the world’s first zero-commission futures trading platform live on the Ethereum public testnet from 30th November.”Monero (XMR): 30 November 2019 Protocol Upgrade “Preliminary information thread regarding the scheduled protocol upgrade of November 30.”Chiliz (CHZ): 30 November 2019 (or earlier) Fiat to CHZ Exchanges “We will add another two fiat to $CHZ exchanges in November…”Skrumble Network (SKM): 30 November 2019 (or earlier) P2P & Group Calling “P2P & Group Video Calling,” during November 2019.Aergo (AERGO): 30 November 2019 (or earlier) Mainnet 2.0 Upgrade Mainnet 2.0 Protocol update by end of November.Akropolis (AKRO): 30 November 2019 (or earlier) Beta Release “All functionality has been deployed to mainnet.”Nash Exchange (NEX): 30 November 2019 (or earlier) Mobile Strategy Phase 2 “Phase 2 of our mobile strategy will be live soon with our wallet and portfolio app hitting stores in November!”Akropolis (AKRO): 30 November 2019 (or earlier) Beta Release “All functionality has been deployed to mainnet.”

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LinkedIn:https://www.linkedin.com/in/liu-wei-294a12176/
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Daily analysis of cryptocurrencies 20191030 (Market index 53 — Neutral state)

Daily analysis of cryptocurrencies 20191030 (Market index 53 — Neutral state)

https://preview.redd.it/8tsrczozunv31.jpg?width=1200&format=pjpg&auto=webp&s=5723215b6226ab772ad3f7870cb8c5084a09ab20

Stellar Ends Inflation Of XLM With Latest Protocol Upgrade Stellar has successfully completed its scheduled Protocol 12 upgrade, effectively disabling inflation for the network’s cross-border payments-focused crypto, Stellar Lumens (XLM).
China To Certify 11 Fintech Products Used In Blockchain And Online Payment Services China’s central bank, the People’s Bank of China (PBoC), has said that it will certify 11 different types of financial technology (Fintech) hardware and software that are regularly being used for online payment and blockchain-related services with its new verification system, the Certification of Fintech Products. The PBoC introduced the initial list of Fintech products that may be used during front-end and bank-end application development for online payment platforms.
Global Digital Finance Center officially established in Hangzhou on October 29 With the approval of the People’s Bank of China, the global digital financial center jointly supported by the China Mutual Gold Association and the World Bank was formally established in Hangzhou on October 29. It is understood that the Global Digital Finance Center will work to promote the international consensus on digital finance development, promote the dissemination of good practices, standards and experience in digital finance, provide technical assistance support for the development of digital finance in developing countries and emerging markets, and promote digital finance. We will safely benefit the people of all countries in the world and build a platform for knowledge sharing and capacity building in the digital finance field that is open, inclusive and diverse for all countries in the world.
BiShiJie Research Released Report On Decentralized Finance 2019 BiShiJie Research today on Oct 30 released a report on decentralized finance (DeFi) 2019 in partnership with DApp Total at the #Global Blockchain DeFi Summit# held by BiShiJie and CoinNess. Per the report, the value of the overall locked DeFi assets has surpassed $1 billion this year. As of the end of Q3, DeFi DApps had become the most active products on the Ethereum blockchain, with more than 132,000 users. Noticeably, 58% of Ethereum’s on-chain trading volume, around $466 million, came from DeFi DApps.

Bitcoin price is currently correcting lower and is trading below $9,500 against the US Dollar. The price is likely to decline further towards $8,700 before it could rise again. Yesterday’s highlighted key bearish trend line is intact with resistance near $9,460 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must surpass the $9,460 and $9,500 resistance levels to start a fresh increase.
Bitcoin price is facing a few key hurdles near $9,500 against the US Dollar. Therefore, BTC could dip a few points before a fresh increase in the near term.
Review previous articles: https://medium.com/@to.liuwen

Encrypted project calendar(October 30, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 30th at the University of Southern California in Los Angeles on the topic “How to store data on IOTA Tangle.” TRON (TRX): 30 October 2019 SFBW19 Afterparty “TRON Official SFBW19 Afterparty from 7–10:30 PM in San Francisco.” Horizen (ZEN): 30 October 2019 Horizen Quarterly Update Join our first Quarterly Update on October the 30th at 5 PM UTC/ 1 PM EST. Deeper look into Engineering, BD, Marketing, and more. Aeternity (AE): 30 October 2019 Hardfork “The third hardfork of the æternity Mainnet is scheduled for October 30, 2019.” Valor Token (VALOR): 30 October 2019 Transaction Fees Resume “It’s September and the SMART VALOR Platform is still waiving transaction fees for all members, until October 30th!” Aragon (ANT): 30 October 2019 Singapore Meetup “Aragon on DAOs and DeFi” from 6:30–8:30 PM. Kambria (KAT): 30 October 2019 Outliers Hashed Awards Outliers Hashed awards from October 30–31. Ethereum Classic (ETC): 30 October 2019 Cohort Demo Day “ETC Labs hosts it’s 2nd Cohort Demo Day. Learn about the companies and project being accelerated through the Ethereum Classic ecosystem.”

Encrypted project calendar(October 31, 2019)

Spendcoin (SPND): 31 October 2019 (or earlier) Cross Ledger Mainnet “Cross Ledger Mainnet Release and SPND Token Swap,” during October 2019. Spendcoin (SPND): 31 October 2019 (or earlier) Blkchn University Beta “Blockchain University Beta goes live,” during October 2019. Stellar (XLM): 31 October 2019 (or earlier) Minor Release “We will have 6 Minor Releases in 2019; one each in February, March, May, June, August, and October.” Bitcoin SV (BSV): 31 October 2019 (or earlier) BSV Conference Seoul No additional information. Seele (SEELE): 31 October 2019 (or earlier) Public Network Mainne launch has been moved to Oct 31 . Howdoo (UDOO): 31 October 2019 (or earlier) Howdoo Live on Huawei Howdoo begins its exciting partnership with Huawei with listing as a featured app starting in October. Chiliz (CHZ): 31 October 2019 (or earlier) App Soft Launch Soft launch of Socios App by end of October. Dent (DENT): 31 October 2019 (or earlier) Loyalty Program “Afterburner loyalty program launch for all 21,6 Million mobile #DENT users will be in October!” IceChain (ICHX): 31 October 2019 (or earlier) Wallet Release IceChain releases wallet during October. Chiliz (CHZ): 31 October 2019 (or earlier) New Partnerships New sports and new teams joining Socios (+more updates and events) will be announced in the upcoming weeks. Horizen (ZEN): 31 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. PCHAIN (PI): 31 October 2019 (or earlier) New Website No additional information. IOST (IOST): 31 October 2019 (or earlier) New Game on IOST “Eternal Fafnir, a new role-playing game developed by INFUN is coming to you in Oct.” Achain (ACT): 31 October 2019 Mainnet 2.0 Launch “… The main network is officially scheduled to launch on October 31.” Mithril (MITH):31 October 2019 Burn “MITH burn will take place on 2019/10/31 2pm UTC+8. “ Aergo (AERGO): 31 October 2019 (or earlier) Aergo Lite V1.0 Release AergoLite, which brings blockchain compatibility to billions of devices using SQLite, released during October 2019. TE-FOOD (TFD): 31 October 2019 (or earlier) Complementary Product “Development of a new, complementary product with a new partner, which we hope to be launched in September-October.” Edge (DADI): 31 October 2019 (or earlier) Full Open Source Code base for the network fully open-sourced in September or October. BlockStamp (BST): 31 October 2019 (or earlier) ASIC Miner Prototype In orderr to ensure BlockStamps continued decentralization, we will release a BST ASIC miner for testing. Perlin (PERL): 31 October 2019 (or earlier) SSA Partnership “Perlin has partnered with the Singapore Shipping Association to create the International E-Registry of Ships (IERS)” Skrumble Network (SKM): 31 October 2019 (or earlier) Exchange Release “3rd dApp: Exchange Release,” during October 2019. EDC Blockchain (EDC): 31 October 2019 (or earlier) Blockchain Marketplace “As you already know, our ECRO blockchain marketplace is ready for release, and will open to the global community in October!” BlockStamp (BST): 31 October 2019 (or earlier) ASIC Miner Prototype In orderr to ensure BlockStamps continued decentralization, we will release a BST ASIC miner for testing. XinFin Network (XDCE): 31 October 2019 Homebloc Webinar “XinFin — Homebloc Webinar 2019” from 9–10 PM. Akropolis (AKRO): 31 October 2019 (or earlier) Alpha Release “Delivers the initial mainnet implementation of protocol. All building blocks will be united to one product.” Hyperion (HYN): 31 October 2019 (or earlier) Economic Model The final version of the HYN Economic Model launches in October.

Encrypted project calendar(November 1, 2019)

INS/Insolar: The Insolar (INS) Insolar wallet and the redesigned Insolar Block Explorer will be operational on November 1, 2019. VeChain (VET):”01 November 2019 BUIDLer Reunion Party BUIDLer Reunion Party in San Francisco from 8–11 PM. uPlexa (UPX): 01 November 2019 Steadfast Storm — PoS/PoW split (Utility nodes ie. master nodes) — Upcoming Anonymity Network much like TOR — Privacy-based DApps — Reduced network fees. Enjin Coin (ENJ): 01 November 2019 MFT Binding “ICYMI: On Enjin Coin’s 2nd anniversary (November 1), Enjin MFTs will be bound to hodlers’ blockchain addresses…” Auxilium (AUX):01 November 2019 AUX Interest Distribution Monthly interest distribution by Auxilium Interest Distribution Platform for coinholders. Also supports charity. Havy (HAVY):01 November 2019 Token Buyback “Havy tokens buyback, Only in 1 exchange between Idex, Mercatox & Hotbit. The exchange depends on the most lower sell wall.” Egretia (EGT): 01 November 2019 Global DApp Contest SF 2019 Egretia Global DApp Contest in San Francisco. EthereumX (ETX): 01 November 2019 Snapshot for ETX Holders “Next snapshot of ETX balances will be taken on 1st November 2019.” Veros (VRS): 01 November 2019 Transcoin Partnership “On November 1, Transcoin instant swap tool will be integrated into @VEROSFP platform.”

Encrypted project calendar(November 2, 2019)

Kambria (KAT): 02 November 2019 VietAI Summit 2019 Kambria joins forces with VietAI for the annual VietAI Summit, with top experts from Google Brain, NVIDIA, Kambria, VietAI, and more!

Encrypted project calendar(November 4, 2019)

Stellar (XLM): 04 November 2019 Stellar Meridian Conf. Stellar Meridian conference from Nov 4–5 in Mexico City. Cappasity (CAPP): 04 November 2019 Lisbon Web Summit Lisbon Web Summit in Lisbon, Portugal from November 4–7.

Encrypted project calendar(November 5, 2019)

Nexus (NXS): 05 November 2019 Tritium Official Release “Remember, Remember the 5th of November, the day Tritium changed Distributed Ledger. Yes, this is an official release date.” NEM (XEM): 05 November 2019 Innovation Forum — Kyiv NEM Foundation Council Member Anton Bosenko will be speaking in the upcoming International Innovation Forum in Kyiv on November 5, 2019. TomoChain (TOMO): 05 November 2019 TomoX Testnet “Mark your calendar as TomoX testnet will be live on Tuesday, Nov 5th!” aelf (ELF): 05 November 2019 Bug Bounty Program Ends On Oct 24th, 2019 aelf’s biggest bug bounty will launch with a large reward pool. The event will run for almost 2 weeks.

Encrypted project calendar(November 6, 2019)

STEEM/Steem: The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th. KIM/Kimcoin: Kimcoin (KIM) Bitfinex will be online at KIM on November 6, 2019 at 12:00 (UTC).

Encrypted project calendar(November 7, 2019)

XRP (XRP): 07 November 2019 Swell 2019 Ripple hosts Swell from November 7th — 8th in Singapore. BTC/Bitcoin: Malta The A.I. and Blockchain summit will be held in Malta from November 7th to 8th.

Encrypted project calendar(November 8, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th. IOTX/IoTeX: IoTex (IOTX) will participate in the CES Expo on November 08

Encrypted project calendar(November 9, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland. HTMLCOIN (HTML): 09 November 2019 (or earlier) Mandatory Wallet Update Mandatory Wallet Update: there will be a soft fork on our blockchain. This update adds header signature verification on block 997,655.

Encrypted project calendar(November 11, 2019)

PAX/Paxos Standard: Paxos Standard (PAX) 2019 Singapore Financial Technology Festival will be held from November 11th to 15th, and Paxos Standard will attend the conference. Crypto.com Coin (CRO): and 3 others 11 November 2019 Capital Warm-up Party Capital Warm-up Party in Singapore. GoldCoin (GLC): 11 November 2019 Reverse Bitcoin Hardfork The GoldCoin (GLC) Team will be “Reverse Hard Forking” the Bitcoin (BTC) Blockchain…”

Encrypted project calendar(November 12, 2019)

BTC/Bitcoin: The CoinMarketCap Global Conference will be held at the Victoria Theatre in Singapore from November 12th to 13th Binance Coin (BNB) and 7 others: 12 November 2019 CMC Global Conference “The first-ever CoinMarketCap large-scale event: A one-of-a-kind blockchain / crypto experience like you’ve never experienced before.” Aion (AION) and 17 others: 12 November 2019 The Capital The Capital conference from November 12–13 in Singapore.

Encrypted project calendar(November 13, 2019)

Fetch.ai (FET): 13 November 2019 Cambridge Meetup “Join us for a @Fetch_ai #Cambridge #meetup on 13 November @pantonarms1.” Binance Coin (BNB) and 5 others: 13 November 2019 Blockchain Expo N.A. “It will bring together key industries from across the globe for two days of top-level content and discussion across 5 co-located events…” OKB (OKB): 13 November 2019 Dnipro, Ukraine- Talks Join us in Dnipro as we journey through Ukraine for our OKEx Cryptour on 11 Nov. Centrality (CENNZ): 13 November 2019 AMA Meetup “Ask our CEO @aaronmcdnz anything in person! Join the AMA meetup on 13 November in Singapore.” OKB (OKB): 13 November 2019 OKEx Cryptotour Dnipro “OKEx Cryptour Ukraine 2019 — Dnipro” in Dnipro from 6–9 PM (EET).

Encrypted project calendar(November 14, 2019)

BTC/Bitcoin: The 2019 BlockShow Asia Summit will be held at Marina Bay Sands, Singapore from November 14th to 15th. Binance Coin (BNB): and 4 others 14 November 2019 BlockShow Asia 2019 BlockShow Asia 2019 at Marina Bay Sands Expo, Singapore from November 14–15. Basic Attention Token (BAT): 14 November 2019 London Privacy Meetup “If you’re in London on Nov. 14th, don’t miss our privacy meetup! The Brave research team, our CPO @johnnyryan, as well as @UoE_EFI Horizen (ZEN): 14 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.

Encrypted project calendar(November 15, 2019)

TRON (TRX): 15 November 2019 Cross-chain Project “The #TRON cross-chain project will be available on Nov. 15th” Bluzelle (BLZ): 15 November 2019 (or earlier) CURIE Release CURIE release expected by early November 2019. Zebi (ZCO): 15 November 2019 ZEBI Token Swap Ends “… We will give 90 days to all the ERC 20 token holders to swap out their tokens into Zebi coins.” OKB (OKB): 15 November 2019 OKEx Talks — Vilnius “Join us for a meetup on 15 Nov (Fri) for our 1st ever Talks in Vilnius, Lithuania.”

Encrypted project calendar(November 16, 2019)

Bancor (BNT): and 2 others 16 November 2019 Crypto DeFiance-Singapore “Crypto DeFiance is a new global DeFi event embracing established innovators, financial market disruptors, DApp developers…”

Encrypted project calendar(November 17, 2019)

OKB (OKB): 17 November 2019 OKEx Talks — Lagos Join us on 17 Nov for another OKEx Talks, discussing the “Life of a Crypto Trader”.

Encrypted project calendar(November 19, 2019)

Lisk (LSK): 19 November 2019 Lisk.js “We are excited to announce liskjs2019 will take place on November 19th. This all day blockchain event will include…”

Encrypted project calendar(November 20, 2019)

OKB (OKB): 20 November 2019 OKEx Cryptour Odessa Ukr “Join us in Odessa as we journey through Ukraine for our OKEx Cryptour!”

Encrypted project calendar(November 21, 2019)

Cardano (ADA): and 2 others 21 November 2019 Meetup Netherlands (AMS) “This meetup is all about how to decentralize a blockchain, the problems and differences between Proof-of-Work and Proof-of-Stake…” Cappasity (CAPP): 21 November 2019 Virtuality Paris 2019 “Cappasity to demonstrate its solution for the interactive shopping experience at Virtuality Paris 2019.” Horizen (ZEN): 21 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. OKB (OKB): 21 November 2019 OKEx Talks — Johannesburg “Join us the largest city of South Africa — Johannesburg where we will host our OKEx Talks on the 21st Nov.” IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key tech. OKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “

Encrypted project calendar(November 22, 2019)

IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key tech OKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “

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submitted by liuidaxmn to u/liuidaxmn [link] [comments]

What the ACTUAL CHINESE NOTICE (not summary) says: This is legalization for Bitcoin in China to be bought and sold and traded even for goods and services by everyone except banks and money launderers as long as people don't claim it is official Chinese currency. THAT IS WHAT IT SAYS.

People keep analysing the press release summary not the notice and the press release summary is inaccurate.
What the actual Chinese notice (not press release summary written by someone else) says in an ACCURATE SUMMARY IS:
This is legalization for Bitcoin in China to be bought and sold and traded even for goods and services by everyone except banks and money launderers as long as people don't claim it is official Chinese currency. THAT IS WHAT IT SAYS.
see here:
This is the actual translated Chinese notice.
begin quote
" People's Bank of China Ministry of Industry and Information Technology China Banking Regulatory Commission China Securities Regulatory Commission China Insurance Regulatory Commission
Notice on preventing Bitcoin risk
Recently, a so-called Bitcoin calculated using certain computer programs gained widespread worldwide attention, there are also organizations and persons in China taking this opportunity to promote Bitcoin and related products. In order to protect the public's property rights, to protect RMB's official currency status, to prevent money laundering risk and to protect financial stability, according to the People's Bank Act, the Anti-Money Laundering Act, the Commercial Bank Act, Telecommunications Regulations etc, the following notice is made:
1 Correct knowledge of Bitcoin
Bitcoin has four main characteristics: no central issuer, limited quantity, no geographical limits and anonymity. Although it is called currency, it is not issued by a monetary authority, it does not have the status of legal tender and obliged payment status of currency, it is not currency in the true sense. Bitcoin is a specified virtual commodity, it does not have equal legal status with currency, and it cannot and should not be circulated as currency on the market.
(OP reviews: so 1. It doesnt have LEGAL status as an official currency issued by the state becuase it is not and so it shouldn't be CALLED a currency. you can however trade and exchange things for it without restirction as long as you aren't laundering money. That's like saying you can't call a Bitcoin a USD dollar because it isn't. THe government doesn't back it. None the less it is compleletely legal to buy sell or hold or exchang ethings for it. You can exchange stuff for it. it is legal to do that and buy and sell it and hold it. just like you can trade a can of beans for an ounce of gold. you just CAN'T SAY ITS OFFICIAL CHINESE CURRENCY BECAUSE IT ISNT. THAT 'S ALL)
2 Financial institutions and payment institutions must not start Bitcoin related business
At this stage, all financial institutions and payment institutions(only emphasis added - othe rbusinesses can do as they like) must not use Bitcoin to set price for product or services, not buy or sell Bitcoins, not act as a market maker for Bitcoins, not underwrite insurance related to Bitcoin or cover Bitcoin in insurance, not directly or indirectly provide other Bitcoin related services, including registering, trading, clearing, settlement; not accept Bitcoin or use Bitcoin as payment tool; not start a Bitcoin and RMB or foreign currency exchange; not start a Bitcoin saving, trust or mortgage service; not issue Bitcoin related financial services; not use Bitcoin as the investment in trusts or funds.
(OP reviews: so in other words banks stay out of bitcoin and don't manipulate it and play any of your corner the market games with it or charge customers fees for it.)
3 Strengthening regulation of Bitcoin websites
According to the Telecommunications Act and the Regulation on Internet Information Service, websites that provide Bitcoin services like registration, trading etc should register with the telecommunications regulation authorities.
The telecommunications regulation authorities, following the determinations and punishment opinions of the relevant management authorities, should close down illegal Bitcoin sites according to law.
(OP reviews: register your websites - about as minimal a requirement as they could have given)
4 Prevent possible Bitcoin money laundering risk
Branches of the People's Bank should closely monitor the trends and activities Bitcoin and other similar virtual commodities with the characteristics of anonymity and easy cross-border access, seriously consider its money laundering risk, research and implement targeted preventative measures. The branches should include lawfully established organizations that provide Bitcoin registration or exchange services in its area into its anti-money laundering monitoring, and supervise them to strengthen their anti-money laundering monitoring.
Bitcoin websites should earnestly carry out their anti-money laundering duty, confirm the identities of their users, have them register using their real names, and register their name and ID card number. If financial institutions, payment institutions or Bitcoin websites discover suspicious transactions involving Bitcoin or other virtual commodities, they should immediately report it to the China Anti-Money Laundering Monitoring and Analysis Center, and cooperate with the People's Bank's investigation; if they find evidence of fraud, gambling, money laundering using Bitcoins, they should report it to the police.
(OP reviews: don't launder money with Bitcoin. track people and report those who look suspiciously like they ARE laundering money with btcoin. everyone else - you are ok to do as you like with Bitcoin- its official- bitcoin is fully legal.)
5 Strengthening public education on money knowledge and investment risk
Departments, financial organizations and payment organizations should in their daily tasks teach the public the correct concept of currency, to emphasize on public education about currency, and to add to public financial knowledge education the contents of correct knowledge of currency, correct views of virtual goods and virtual currency, rational investment, control of investment risk and defending one's financial safety, in order the public have correct views on currency and investing.
(OP reviews: educate people so they aren't deceived. duh)
Financial monitoring authorities can set implementation details according to this notice
Would the People's Bank branches please distribute this Notice to financial organizations and payment organizations in their area. Any new situations or questions arising from this notice please report promptly to the People's Bank." " END QUOTE
This comes from the link below and is ONLY THE BOTTOM PART. NOT THE TOP PART WHICH IS SOMEONE ELSES PRES RELEASE SUMMARY AND WRONG.
http://www.reddit.com/Bitcoin/comments/1s5hzl/my_human_translation_of_the_china_regulation/
edit:
additional confirmation of my interpretation from
http://www.scmp.com/business/banking-finance/article/1374052/surge-use-bitcoin-leads-ban-china-trading
"However, the central bank said the public was free to take part in internet transactions provided they take on the risk themselves. Internet companies serving as trading platforms should ask clients to register with information including their name and identity card number, it said.
Bitcoin exchanges may be forced to inform authorities about sizeable or suspicious transactions, Bloomberg reported, citing unnamed sources."
also
"The People's Bank of China (PBOC) said no financial institutions, payment agencies or insurers should price products and services in bitcoin, nor are they allowed to trade or provide bitcoin exchange or settlement services. "
submitted by georedd to Bitcoin [link] [comments]

Crypto AM News Recap You Need to Read: Cryptocurrencies surge this weekend led by Bitcoin Cash (BCH) ahead of its November 15th hard fork

Crypto News

Sources:
https://cointelegraph.com/news/russian-state-duma-committee-considers-launch-of-central-bank-issued-stablecoin https://www.ccn.com/bitcoin-cash-continues-to-skyrocket-15-to-535-volume-quintuples/ https://cointelegraph.com/news/bitcoin-cash-spikes-20-percent-in-the-wake-of-upcoming-hard-fork-backed-by-binance https://cointelegraph.com/news/bitly-reportedly-blocks-200-links-from-andreas-antonopoulos-mastering-ethereum https://cointelegraph.com/news/ibm-patents-blockchain-system-to-create-trust-between-ar-game-players-real-world-locations https://www.ccn.com/ibm-files-patent-for-blockchain-based-ar-helper-system/ https://www.ccn.com/taiwan-amends-law-to-target-anonymous-cryptocurrency-transactions/ https://cointelegraph.com/news/chinas-central-bank-extends-its-regulatory-scrutiny-to-crypto-airdrops https://www.coindesk.com/pboc-looks-to-tackle-airdrop-tokens-market-in-new-clampdown/ https://cointelegraph.com/news/bitmex-releases-fork-monitoring-tool-in-run-up-to-bitcoin-cash-hard-fork
submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Dogecoin Coinspiracy

Hello fellow shibes. I have been keeping an eye on this subreddit for a while and started mining dogecoins a few days. For the past couple weeks I have been thoroughly researching dogecoin and it's ties with bitcoin. I know this may be shocking to a few but I believe to have discovered what would amount to the biggest conspiracy in bitcoin/dogecoin history. Let me explain. This goes far deeper than any of you could have imagined.
Now everyone knows that the difficulty of mining bitcoin, and the subsequent plunge in bitcoin value encouraged mining alternate cryptocurrencies such as dogecoin.. But here is where things get very very interesting.
And my last piece of compelling piece of evidence I found is this old photo I found in an archive dating back more than 50 years. http://imgur.com/cOnLyql I present you Mao ZeDoge, the forefather of cryptocurrency.
Now that pretty much brings us up to the current date. There have been fluctuations but dogecoin has been soaring in popularity, and even our subreddit is the fastest growing sub on the entire site. So In case you didn't quite follow what I was insinuating
TL;DR: I believe the chinese government undermined the bitcoin currency causing the market to crash. While that was happening they had a rover sent to the moon in order to mine dogecoin and create the first ever interplanetary currency.
1.http://money.cnn.com/2013/11/12/investing/bitcoin-record-high/ 2.http://blogs.marketwatch.com/thetell/2013/11/29/bitcoin-hits-record-1242-as-it-nears-value-of-ounce-of-gold/ 3.http://www.bloomberg.com/news/2013-12-05/china-s-pboc-bans-financial-companies-from-bitcoin-transactions.html 4.http://www.spacedaily.com/reports/China_moon_rover_enters_lunar_orbit_Xinhua_999.html 5.http://www.bbc.co.uk/news/science-environment-25356603 6.http://uk.news.yahoo.com/bitcoin-alternative-dogecoin-soars-900-other-crypto-currencies-101720373.html#ZUBPyAG
submitted by raidawg2 to dogecoin [link] [comments]

Subreddit Stats: Vechain top posts from 2017-10-25 to 2018-11-27 12:36 PDT

Period: 397.81 days
Submissions Comments
Total 1000 56541
Rate (per day) 2.51 142.01
Unique Redditors 464 7342
Combined Score 206440 328741

Top Submitters' Top Submissions

  1. 22577 points, 69 submissions: noah_vechain
    1. VeChain passes the first ever Cryptocurrency Disaster Recovery Plan from PwC (1142 points, 124 comments)
    2. VeChain Signs A Partnership Agreement With Yida Group’s IT Management division, Yida Future (849 points, 174 comments)
    3. VeChain partners with Australian based 188 Business Alliance Association (787 points, 117 comments)
    4. VeChain’s First Official Public Infrastructural Decentralized Application — VeVID (695 points, 121 comments)
    5. VeChain partners with iTaotaoke to bring intellectual property protection to content creators. (608 points, 118 comments)
    6. VeChain Signs a Partnership with Bright Foods and its IT/Tech subsidiary Shanghai Xiandao Food to integrate blockchain technology into Bright Foods (Group) Co.'s internal management systems (605 points, 167 comments)
    7. Introducing VeChain’s Drug and Vaccine Traceability Solution (560 points, 282 comments)
    8. VeChain pledges 50M VET to create the X Series Node Program (559 points, 546 comments)
    9. VeChain adding publication industry capability and partners with Hubei Sanxin Cultural Media Ltd. (498 points, 60 comments)
    10. An open letter from Sunny Lu (CEO) on VeChainThor Platform (492 points, 123 comments)
  2. 6682 points, 40 submissions: skythe4
    1. [NASDAQ] VeChain Announces Blockchain Vaccine Tracing Solution for China (497 points, 74 comments)
    2. We are excited to announce that @Decent_Bet will be the first of many projects to migrate and release their mainnet on the VeChainThor Blockchain. We look forward to the rapid expansion of VeChain Ecosystem. (323 points, 46 comments)
    3. Wow @vechainofficial ! Is this real? Is this a test for H&M? One of our members ordered this beanie https://www.arket.com/en_eumen/bags-accessories (309 points, 147 comments)
    4. Please view our VeChainThor Wallet Manual. This manual provides instructions for token swaps and X Node migration. The final X Node snapshot of the Ethereum chain is taking place in 20 mins. On August 1st, the VeChainThor X Node monitoring will resume. (271 points, 156 comments)
    5. $VET putting their NFC chips in meetup goodies. The t-shirt chip is as big as a shirt button. Through a future hardware update, the luggage tag will allow you to check the location of your luggage at any time, recording airport & airline details and ensuring luggage safety. #NFC (262 points, 47 comments)
    6. INPI Asia and ITP have signed an exclusive deal with Jakarta's national government and private sectors. These entities validate data and documents via the VeChainThor Blockchain using their proprietary dApps KryptoCloud, DocKrypto, and KryptoMobile. (249 points, 121 comments)
    7. [DNV GL] Proud to partner with @vechainofficial , @BYDCompany and other leading Chinese businesses on #sustainable solutions for the future! Today @RemiEriksen signed an agreement on a #blockchain-based #carbon banking #ElectricVehicle #EV ecosystem. (242 points, 30 comments)
    8. The Reason why VeChain is far ahead of its Competition (215 points, 84 comments)
    9. VeChain Showcases Multiple Solutions at the First Inaugural China International Import Expo (192 points, 17 comments)
    10. Mark Ong of SBTG, famous for customising shoes for the likes of Kobe Bryant and Linkin Park's Mark Shinoda, will be showcasing #vechain #authenticity technology at Street Superior's Brand Showcase in Singapore this weekend @vechainofficial (189 points, 37 comments)
  3. 5656 points, 20 submissions: GreatWhiteSharkCIA
    1. VeChain Reddit Community hits 20,000 Redditors - Thank you all for your continued support! (664 points, 55 comments)
    2. The Mathematical Institute at Oxford University has officially joined the VeResearch program (592 points, 90 comments)
    3. As a community, we grow stronger - 40,000 and counting. Thank you for being a part of something special and for all your support! (548 points, 41 comments)
    4. 15,000 Redditors and counting, thank you all for your support! (399 points, 32 comments)
    5. Congratulations Reddit - 45,000 Redditors subscribed to /VeChain (384 points, 27 comments)
    6. Thank you for your continued support as our community grows to 50,000 Subredditors - here's to our continued success (315 points, 58 comments)
    7. @BitOcean_JP, one of the first cryptocurrency ATM solutions licensed by Japan's FSA, teams up with #VeChain. We are honored to continue building the world’s first ATM powered fiat payment application ecosystem on the blockchain alongside BitOcean. (269 points, 42 comments)
    8. DNV GL and VeChain Facebook Live Q&A - 24th Jan (256 points, 64 comments)
    9. Welcome to /VeChain (252 points, 0 comments)
    10. VeChain is the fastest growing community on Coinmunity! (225 points, 20 comments)
  4. 4532 points, 23 submissions: CryptopherWalken
    1. The cryptocurrency ban is over. Please be mature, responsible and judicious. (584 points, 53 comments)
    2. NYC Meetup - Full Summary! (445 points, 69 comments)
    3. BYD tweets at Vitalik, quotes him, and points to VeChain as " the real world application for blockchain we've all been waiting for." (359 points, 127 comments)
    4. NYC Meetup Update (248 points, 154 comments)
    5. Phil Hellmuth on Twitter: "Flying into Vegas for the day to chill w VEN (VEChain) CEO and Founder @SunshineLu24 and DBet CEO and Founder @JedidiahTaylor, flying out at 9:30 PM" (231 points, 74 comments)
    6. Crypto_Ed_NL on Twitter: "I have a good feeling about a new prediction..... If $VEN gets all done what they are planning, I expect them to surpass ETH within a year from now." (215 points, 199 comments)
    7. VeChain Mentioned in November issue of Motortrend magazine! (200 points, 19 comments)
    8. Sunny Lu re Drug and Vaccine Solution: “Bigger than you think” (184 points, 61 comments)
    9. Kevin Feng: "GDPR is apparently the hottest topic among our EU clients and government departments. In the past 12 months, VeChain has been working closely with professional service firms to assess and enhance our solutions and internal controls to comply with global regulations." (177 points, 9 comments)
    10. Sarah, VeChain Singapore Manager: "T- 1 day! Extremely excited @vechainofficial is one of 30 startups selected for the LVMH innovation award #GoVeChain #VeChainThor #LVMHTech #FutureofLuxury #Blockchain #VivaTech" (167 points, 51 comments)
  5. 3000 points, 17 submissions: Stockton_Slap209
    1. Rebrand Date IMPORTANT (365 points, 123 comments)
    2. Yicai Global retweets PBoC Rumor (310 points, 202 comments)
    3. Holy Sh%&t. Have you guys seen who are CTO is? (257 points, 70 comments)
    4. VeChain mentioned on Today! Bullish! (238 points, 27 comments)
    5. 1,000,000 clauses on VeChainThor mainnet! Milestone reached! (210 points, 103 comments)
    6. The entire milk section of this convenience store (and every other of this brand) is Bright Foods (光明) Do not underestimate the size of this partnership $VET $VTHO (194 points, 16 comments)
    7. VeChain Partners With Xiamen Innov Information Technology Co. LTD (Innov) (183 points, 41 comments)
    8. Hello. I am the VeChain Tipbot. (24h public testnet beta) (152 points, 34 comments)
    9. Sneak peak at the Blockchain in Action.... THOR (145 points, 30 comments)
    10. Check out this SBTG video! Spread it like wildfire and show the true power of the VeChain community!! (132 points, 27 comments)
  6. 2877 points, 12 submissions: B5SF
    1. VeChain Twitter: It's a great honor to meet Alexander De Croo, Deputy Prime Minister of Belgium [...] (503 points, 101 comments)
    2. DNV GL partners with blockchain expert VeChain to increase transparency from the factory to the consumer (462 points, 109 comments)
    3. Introducing VeChain’s CTO Gu Jianliang to the Community (394 points, 61 comments)
    4. BYD Auto - Gobal Developers Conference (Sep 5th) - VeChain's CEO Sunny Lu attending (271 points, 92 comments)
    5. Cyprus to collaborate with VeChain Foundation and CREAM for fintech, blockchain development in Cyprus (247 points, 76 comments)
    6. The Coca Cola Kid on Twitter - "Is it time?" (213 points, 102 comments)
    7. VeChain Partners with Shanghai Gas and ENN to Pilot Blockchain-Enabled Liquified Natural Gas Solution (202 points, 7 comments)
    8. China orders banks to stop financing cryptocurrencies & plans his own digital currency (140 points, 225 comments)
    9. At 8:00 on January 4, 2018, the founder of Vechain, Lu Yang, will make a breakthrough in technological transformation at the live-streaming "China-US Blockchain Broadcasting Group" (138 points, 70 comments)
    10. Sunny Lu: Ladies and gentlemen, welcome onboard to VeChain Airline. Please fasten your seat belt and we are about to take off soon. (125 points, 59 comments)
  7. 2645 points, 19 submissions: Roc_Raida
    1. WATCH NOW: Advancements with Ted Danson (CNBC) Blockchain with VeChain (324 points, 62 comments)
    2. VeChain's Tech Deep Dive Series - Session 1, Episode 4: Introduction to Sensor and Smart Chips (189 points, 16 comments)
    3. Check Your VeChainThor Wallets ;) (187 points, 107 comments)
    4. You Can Now See Your New VET Balance on Binance ! (165 points, 146 comments)
    5. BMW Startup Garage Retweets Jerome Speaking at BMW Group IT Tech Demo Day (160 points, 17 comments)
    6. SPOTTED: OceanEX & VeChain Sign (149 points, 43 comments)
    7. Morpheus Labs onboards a renowned Blockchain — VeChain (135 points, 21 comments)
    8. Invest Cyprus Tweets the signing of an MoU with VeChain and CREAM (133 points, 22 comments)
    9. Cycling for carbon credits - Remi Eriksen (DNV GL Group President and CEO) (132 points, 18 comments)
    10. PLAIR (PLA) Now Featured in VeChainThor Wallet ! (120 points, 63 comments)
  8. 2550 points, 16 submissions: born2net4
    1. Circle-X and VeChain's Blockchain-X... (290 points, 99 comments)
    2. VeChainThor Wallet User Manual & X Node Binding & Token Swap Guide (287 points, 88 comments)
    3. Chinese President Xi Jinping calls blockchain a 'breakthrough' technology (238 points, 15 comments)
    4. Ethereum Billionaire Looks to China for Next Big Crypto Winners (VeChain baby) (210 points, 32 comments)
    5. Pharma Giant Merck Eyes Blockchain for Fighting Counterfeit Meds (201 points, 42 comments)
    6. Your take on Sunny's live stream... (167 points, 163 comments)
    7. Hardest working guy in Crypto, Sunny Lu! (138 points, 17 comments)
    8. BoxMining meets Sunny Lu (128 points, 4 comments)
    9. VeChainThor connection to testnet video tutorial (my first video on VeChain dev) (123 points, 11 comments)
    10. To Da Moon, check it out..... cool stuff!!!! (117 points, 22 comments)
  9. 2243 points, 11 submissions: Deaf_null
    1. Binance needs to lower VEN transaction fees, let’s act as a community. What can we do? (384 points, 52 comments)
    2. Vechain ready to rock crypto-market with rebrand (325 points, 53 comments)
    3. 3 Reasons why to buy Vechain in 2018 (246 points, 41 comments)
    4. Vechain has a bright future ahead. (237 points, 53 comments)
    5. VeChain, QTUM, HPB and Metaverse partner with CPChain to revolutionise IoT in China (188 points, 36 comments)
    6. Vechain Bullrun vid. (174 points, 41 comments)
    7. Best alternatives to Bitcoin? Vechain #4 (165 points, 24 comments)
    8. BREYER Bullish on VEN (149 points, 4 comments)
    9. Vechain’s Blockchain-as-a-service seeks to stop product counterfeiters (130 points, 7 comments)
    10. CHINESE OFFICIAL: NEW REGULATIONS FOR 2018 MAY END ICO BAN? (124 points, 26 comments)
  10. 2240 points, 8 submissions: patek_
    1. We are Trending on the Frontpage - Dont forget to upvote! VeChain’s Latest Partnership (565 points, 29 comments)
    2. Chinese Goverment Bullish News on Crypto - Expect a Boost for China Coins (356 points, 67 comments)
    3. Why I believe Vechain could reach $100 in 2018. (308 points, 247 comments)
    4. Breyer Capital and Vechain (291 points, 44 comments)
    5. Reminder: Jim Breyer VeChain Advisor (264 points, 45 comments)
    6. VeChain Thor Positioning To Become The #1 Enterprise dApp Platform, And Here’s Why - A Systems Analyst’s Perspective (172 points, 4 comments)
    7. “VeChain - The Future of Blockchain in China” (155 points, 29 comments)
    8. VeChain Rebranding Coming Soon! (129 points, 35 comments)

Top Commenters

  1. lol_and_behold (3848 points, 442 comments)
  2. ohredditplease (3525 points, 524 comments)
  3. Lurks_no_longer (3085 points, 189 comments)
  4. hungryforitalianfood (2821 points, 501 comments)
  5. waylandsphere (2585 points, 884 comments)
  6. SolomonGrundle (2582 points, 339 comments)
  7. Camsy34 (2556 points, 229 comments)
  8. born2net4 (2045 points, 168 comments)
  9. Crypto-knowdeway (1979 points, 164 comments)
  10. Bacon_Hero (1966 points, 293 comments)

Top Submissions

  1. VeChain will partner with Fanghuwang, one of the fastest growing online lending platforms in China with $3.3bn AUM. With this partnership, VeChain Thor solves major problems within one of the largest global industries. by deleted (1352 points, 278 comments)
  2. VeChain announced working with BMW by suf0x (1292 points, 295 comments)
  3. VeChain passes the first ever Cryptocurrency Disaster Recovery Plan from PwC by noah_vechain (1142 points, 124 comments)
  4. Sunny Lu came into the VeChain telegram chat to address the FUD rumours about the tokenomics (in-house suppression, dumping, etc.) by deleted (1086 points, 182 comments)
  5. VeChain mods removed a legitimate criticism to VeChain. It cant always be happy rainbows and sunshine. We need to hear and discuss all the sides. Here is the text that was removed by them. by CoinStarX (1076 points, 126 comments)
  6. Vechain Partners with Tobacco by Castomere (994 points, 272 comments)
  7. VeChain Signs A Partnership Agreement With Yida Group’s IT Management division, Yida Future by noah_vechain (849 points, 174 comments)
  8. At exactly 08:00:09 the first block was successfully mined. The VeChainThor Blockchain has officially launched by Yes-Lawd (799 points, 324 comments)
  9. VeChain partners with Australian based 188 Business Alliance Association by noah_vechain (787 points, 117 comments)
  10. VeChain introduces VeResearch, a global innovation research grant program formed by research professionals to integrate blockchain into new and emerging technologies by Moussa93 (781 points, 143 comments)

Top Comments

  1. 355 points: Criptolete's comment in Just visited VeChain offices in Shanghai: got my hoodie and nice info for you!
  2. 299 points: Crypto078's comment in A message from Sunny Lu: STOP ASKING VECHAIN PARTNERS FOR MORE INFO
  3. 275 points: deleted's comment in VeChain mods removed a legitimate criticism to VeChain. It cant always be happy rainbows and sunshine. We need to hear and discuss all the sides. Here is the text that was removed by them.
  4. 255 points: eimajine1's comment in VET in september ;-)
  5. 249 points: Lurks_no_longer's comment in cryptocurrency mods have banned Vechain posts for a month
  6. 232 points: KMcCaig's comment in Sunny Lu came into the VeChain telegram chat to address the FUD rumours about the tokenomics (in-house suppression, dumping, etc.)
  7. 229 points: dotbomb_jeff's comment in VECHAIN can't say this, so I will...(X Node RANT)
  8. 223 points: deleted's comment in New Coca Cola Kid post
  9. 211 points: icculus2001's comment in What are your concerns?
  10. 199 points: catdeuce's comment in There's only one survivor of this year's cryptocurrency slaughter: VeChain
Generated with BBoe's Subreddit Stats
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China Bans Bitcoin -- This Time It's Different™ Bitcoin Price Plunge as Baidu Stops Accepting The Crypto Currency After China Ban. Keiser Report All Eyes On $8,000: Why Bitcoin Price Needs to Clear This Crucial Level  China’s Digital Currency Viken Z Kokozian - YouTube Former PBoC Governor Digital Currency to Be Used for ...

China’s central bank has stated that the trial of its developing central bank digital currency (CBDC) is currently limited to retail transactions, as against claims stating that the digital yuan was used for large transactions. Digital Yuan Test for Small Transactions In a report by Global Times on Monday (August… In December, the PBOC banned financial institutions from trading in bitcoin, saying the government would act to prevent money laundering risks from the digital currency. It did not ban trading by ... China’s central bank, the People’s Bank of China (PBOC), has reportedly completed the basic development of the central bank digital currency. The bank is now drafting relevant laws for the ... China’s central bank yesterday barred financial institutions from being involved directly and indirectly in transactions related to Bitcoin as it bids to strengthen rules on the digital e-money.It was Da Kryptowährungen wie Bitcoin in China nicht als Zahlungsmittel zugelassen sind, ist die DCEP die einzig legale digitale Währung in China. Ziel der DCEP ist, damit Bargeld zu ersetzen. Eine internationale Nutzung ist laut Li Lihui, dem früheren Präsident der staatseigenen Bank of China und jetzigen Chef der Blockchain Research Gruppe der China Internet Finance Association, nicht vorgesehen.

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China Bans Bitcoin -- This Time It's Different™

Chinese authorities are reportedly aiming to completely ban centralized trading of virtual currencies as well as individuals and businesses that provide related services. According to an internal ... @American Express has won initial approval from the People’s Bank of China (PBOC) to process the nation’s currency, the global financial services network announced in a press release Saturday ... fight-the-bank-litigation-with over 1500 attorneys..with 90% success rates..we have completed over 1300 litigation cases against the lender for predatory lending violations ".WE FORCE THE LENDER ... bitcoin china "btc china" "accept bitcoin" war exchange currency "virtual currency" bubble "record high" fever ban bank banking "3rd party payment" "payment processing" "start up company" "bitcoin ... This video is unavailable. Watch Queue Queue

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