Malaysia Biggest Cryptocurrency Community ...

Bitcoin Trading Volumes Surge in Brazil, Colombia, India, Malaysia, Norway, Russia, Saudi Arabia and Venezuela

Bitcoin Trading Volumes Surge in Brazil, Colombia, India, Malaysia, Norway, Russia, Saudi Arabia and Venezuela submitted by GridcoinMan to Bitcoin [link] [comments]

Weekly P2P trading volume records on @LocalBitcoins for Dominican Republic, Malaysia, Saudi Arabia and Singapore /r/Bitcoin

Weekly P2P trading volume records on @LocalBitcoins for Dominican Republic, Malaysia, Saudi Arabia and Singapore /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Trading Volumes Rise as Malaysia Capital Controls Tighten

Bitcoin Trading Volumes Rise as Malaysia Capital Controls Tighten submitted by increaseblocks to btc [link] [comments]

Bitcoin Trading Volumes Surge in Brazil, Colombia, India, Malaysia, Norway, Russia, Saudi Arabia and Venezuela

Bitcoin Trading Volumes Surge in Brazil, Colombia, India, Malaysia, Norway, Russia, Saudi Arabia and Venezuela submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Trading Volumes Rise as Malaysia Capital Controls Tighten

Bitcoin Trading Volumes Rise as Malaysia Capital Controls Tighten submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Razor Cryptocurrency And Forex Trading: Bitcoin Trading Volumes Surge in Brazil, Colombia, India, Malaysia, Norway, Russia, Saudi Arabia and Venezuela

Razor Cryptocurrency And Forex Trading: Bitcoin Trading Volumes Surge in Brazil, Colombia, India, Malaysia, Norway, Russia, Saudi Arabia and Venezuela submitted by chinawat to btc [link] [comments]

Want to know why NEM should be as popular as Ethereum? this will be bigger than any altcoins you see, here's why

Want to know why NEM should be as popular as Ethereum? this will be bigger than any altcoins you see, here's why

Altcoin Explorer: NEM (XEM), the Enterprise-Grade Blockchain Platform


https://preview.redd.it/5ogfihikwkg51.png?width=1300&format=png&auto=webp&s=099780e02777d16d4e2add64b249c46da1cd488b
Nestled among the top 40 cryptocurrencies by reported market cap, New Economy Movement — popularly known as NEM (XEM) – is a peer-to-peer (P2P), dual-layer blockchain smart contract platform written in one of the most influential programming languages, Java. NEM uses the proof-of-importance (POI) consensus algorithm that essentially values the tokens held and the activity conducted by the nodes on the blockchain network.
In this Altcoin Explorer, BTCManager delves deeper into the finer intricacies of the NEM blockchain protocol, including the project’s POI consensus algorithm, its native digital token XEM, and some of its real-world use-cases.
Without further ado, let’s get to the core of this high-performance distributed ledger technology (DLT) platform.

History of NEM

NEM was launched on March 31, 2015, with an aim to develop an enterprise-grade blockchain protocol that could circumvent the infamous trilemma of blockchain: scalability, speed, and privacy.
Operated by a Gibraltar-registered NEM Group, NEM is a fork-out version of the NXT blockchain. After the successful fork, the NEM community decided to build its ecosystem from the ground up and developed its own codebase to make the network more scalable and faster.
NEM’s insistence toward building its own tech infrastructure led to a DLT protocol that is unlike anything resembling other similar platforms.
Today, NEM ranks among the top go-to blockchain platforms for enterprises across the world, rivaling competing protocols including Ethereum (ETH), and TRON (TRX), among others.

NEM’s Proof-of-Importance (POI) Algorithm

Unlike Bitcoin’s (BTC) energy-intensive Proof-of-Work (PoW) and Ethereum’s yet-to-be-implemented Proof-of-Stake (PoS) consensus algorithm, NEM uses PoI consensus mechanism.
The PoI mechanism achieves consensus by incentivizing active user participation in the NEM network. This consensus infrastructure ensures an agile decentralized network by rewarding well-behaved nodes that not only possess a significant stake in the network but are also actively engaged in executing transactions to maintain the network’s robustness.
Specifically, each node in the network possesses an ‘Importance Score’ that impacts the number of times the said node can ‘Harvest’ the XEM altcoin.
Initially, when a user puts XEM tokens into their wallet, they are called ‘unvested coins.’ Over time, as the wallets start accumulating an increasing number of XEM and contribute to the network’s transaction volume, they start collecting importance scores. At the same time, the XEM tokens in these wallets change into ‘vested coins,’ provided that there are at least 10000 tokens in the wallet.
To put things into perspective, let’s take the help of a small example.
On day 1, Joe receives 50,000 XEM in his digital wallet. Now, with each passing day, the NEM network will ‘vest’ 10 percent of the tokens held by Joe. So, on day 2, 5,000 tokens held by Joe are vested into the network. On day 3, 10 percent of the remaining tokens – 15,000 XEM – get vested into the network, leaving Joe with 13,500 XEM, and so one. After a couple of days, Joe sees that the number of XEM vested by him has crossed the 10,000 coins threshold, thereby, making him eligible to seek rewards from the NEM blockchain for his contribution to vesting his tokens.
Close followers of blockchain projects would find the aforementioned network reward mechanism bear a close resemblance to the PoS consensus algorithm. However, it’s worthy of note that vesting coins is just one way of calculating a node’s importance score.
The NEM protocol also rewards nodes that are responsible for most activity on the network. In essence, this means that the higher the number of transactions executed by a node, the more likely it is to gain higher importance points. The balance between vesting XEM and network activity is an important metric to be maintained by NEM nodes as it directly impacts their likelihood of harvesting XEM.
NEM’s consensus algorithm does away with several issues plaguing the more energy-intensive protocols such as PoW. For instance, PoI does not necessarily require high-energy hardware to run the nodes. The decentralized nature of the algorithm means that almost any machine — irrespective of its tech configuration – can participate in the NEM ecosystem ensuring it remains decentralized.

NEM’s Native Digital Token — XEM

XEM, unlike the vast majority of other cryptocurrencies, isn’t mined or staked using Pow or PoS algorithms. Rather, as explained earlier, XEM is ‘harvested’ through the PoI algorithm which ensures a steady supply of the digital token without flooding the market and involving the risk of a dramatic crash in price.
Per data on CoinMarketCap, at the time of writing, XEM trades at $0.04 with a market cap of more than $382 million and a 24-hour trading volume of approximately $6.8 million. The coin reached its all-time high of $1.92 in January 2018.
A large number of reputable cryptocurrency exchanges trade XEM, including Binance, Upbit, OKEx, Bithumb, ProBit, among others. The digital token can be easily traded with BTC, ETH, and USDT trading pairs.
That said, if you wish to vest your XEM to partake in the maintenance of the NEM network and earn rewards, it is recommended you store your tokens in the official NEM Nano wallet for desktop and mobile OS. Only XEM tokens held in the official NEM Nano wallet are eligible for vesting.

NEM Use-Cases

To date, NEM has been deployed for various real-world applications with promising results.
In 2018, Ukraine launched a blockchain-based e-voting trial leveraging the NEM DLT platform.
At the time, Ukraine’s Central Election Commission – with the local NEM Foundation representation – estimated the test vote trial in each polling station could cost as low as $1,227. The organization’s Oleksandr Stelmakh lauded the efforts, saying that using a blockchain-powered voting mechanism would make it impossible for anyone to fiddle with the records. The Commission added that the NEM protocol presents information in a more user-friendly format for voters.
In the same year, Malaysia’s Ministry of Education launched an e-scroll system based on the NEM blockchain to tackle the menace of fake degrees. The University Degree Issuance and Verification System use the NEM blockchain which is interrogated upon scanning of a QR code printed on the degree certificate.
The Ministry added that one of the primary reasons for its decision to selected the NEM platform was its unique and cutting-edge features in managing traceability and authentication requirements.
On a recent note, the Bank of Lithuania announced that it would be issuing its NEM blockchain-powered digital collector’s coin (LBCoin) in July after the successful completion of its testing phase.

Final Thoughts

Summing up, NEM offers a wide array of in-house features that separate it from other blockchain projects in a space that is becoming increasingly congested. NEM’s creative PoI consensus algorithm is a fresh take on the PoS algorithm for performance enhancement. Further, the project’s newly launched enterprise-grade DLT solution, Symbol, offers a tremendous option to businesses to help them cut costs, reduce complexities, and streamline innovation.
NEM uses the Java programming language that makes it an easy project for developers to get involved with, unlike other projects such as Ethereum that use platform-specific programming languages like Solidity. The project’s tech infrastructure not only makes it less power-intensive compared to Bitcoin but also more scalable than its rival projects including Ethereum and NEO.
NEM’s tagline, “Smart Asset Blockchain, Built for Performance,” perfectly captures everything the project has to offer. Over the years, NEM’s active developer community has craftily addressed the notorious bottlenecks in the vast majority of blockchain solutions, The future looks promising for NEM as it continues to foster a trustless and blockchain-driven economy for tomorrow.
Source
submitted by charlesgwynne to CryptocurrencyICO [link] [comments]

Want to know why NEM should be as popular as Ethereum? this will be bigger than any altcoins you see, here's why

Want to know why NEM should be as popular as Ethereum? this will be bigger than any altcoins you see, here's why

Altcoin Explorer: NEM (XEM), the Enterprise-Grade Blockchain Platform


https://preview.redd.it/manbawoqvkg51.png?width=1300&format=png&auto=webp&s=fcbae1f067261326f11641bb9b18cd6f57616966
Nestled among the top 40 cryptocurrencies by reported market cap, New Economy Movement — popularly known as NEM (XEM) – is a peer-to-peer (P2P), dual-layer blockchain smart contract platform written in one of the most influential programming languages, Java. NEM uses the proof-of-importance (POI) consensus algorithm that essentially values the tokens held and the activity conducted by the nodes on the blockchain network.
In this Altcoin Explorer, BTCManager delves deeper into the finer intricacies of the NEM blockchain protocol, including the project’s POI consensus algorithm, its native digital token XEM, and some of its real-world use-cases.
Without further ado, let’s get to the core of this high-performance distributed ledger technology (DLT) platform.

History of NEM

NEM was launched on March 31, 2015, with an aim to develop an enterprise-grade blockchain protocol that could circumvent the infamous trilemma of blockchain: scalability, speed, and privacy.
Operated by a Gibraltar-registered NEM Group, NEM is a fork-out version of the NXT blockchain. After the successful fork, the NEM community decided to build its ecosystem from the ground up and developed its own codebase to make the network more scalable and faster.
NEM’s insistence toward building its own tech infrastructure led to a DLT protocol that is unlike anything resembling other similar platforms.
Today, NEM ranks among the top go-to blockchain platforms for enterprises across the world, rivaling competing protocols including Ethereum (ETH), and TRON (TRX), among others.

NEM’s Proof-of-Importance (POI) Algorithm

Unlike Bitcoin’s (BTC) energy-intensive Proof-of-Work (PoW) and Ethereum’s yet-to-be-implemented Proof-of-Stake (PoS) consensus algorithm, NEM uses PoI consensus mechanism.
The PoI mechanism achieves consensus by incentivizing active user participation in the NEM network. This consensus infrastructure ensures an agile decentralized network by rewarding well-behaved nodes that not only possess a significant stake in the network but are also actively engaged in executing transactions to maintain the network’s robustness.
Specifically, each node in the network possesses an ‘Importance Score’ that impacts the number of times the said node can ‘Harvest’ the XEM altcoin.
Initially, when a user puts XEM tokens into their wallet, they are called ‘unvested coins.’ Over time, as the wallets start accumulating an increasing number of XEM and contribute to the network’s transaction volume, they start collecting importance scores. At the same time, the XEM tokens in these wallets change into ‘vested coins,’ provided that there are at least 10000 tokens in the wallet.
To put things into perspective, let’s take the help of a small example.
On day 1, Joe receives 50,000 XEM in his digital wallet. Now, with each passing day, the NEM network will ‘vest’ 10 percent of the tokens held by Joe. So, on day 2, 5,000 tokens held by Joe are vested into the network. On day 3, 10 percent of the remaining tokens – 15,000 XEM – get vested into the network, leaving Joe with 13,500 XEM, and so one. After a couple of days, Joe sees that the number of XEM vested by him has crossed the 10,000 coins threshold, thereby, making him eligible to seek rewards from the NEM blockchain for his contribution to vesting his tokens.
Close followers of blockchain projects would find the aforementioned network reward mechanism bear a close resemblance to the PoS consensus algorithm. However, it’s worthy of note that vesting coins is just one way of calculating a node’s importance score.
The NEM protocol also rewards nodes that are responsible for most activity on the network. In essence, this means that the higher the number of transactions executed by a node, the more likely it is to gain higher importance points. The balance between vesting XEM and network activity is an important metric to be maintained by NEM nodes as it directly impacts their likelihood of harvesting XEM.
NEM’s consensus algorithm does away with several issues plaguing the more energy-intensive protocols such as PoW. For instance, PoI does not necessarily require high-energy hardware to run the nodes. The decentralized nature of the algorithm means that almost any machine — irrespective of its tech configuration – can participate in the NEM ecosystem ensuring it remains decentralized.

NEM’s Native Digital Token — XEM

XEM, unlike the vast majority of other cryptocurrencies, isn’t mined or staked using Pow or PoS algorithms. Rather, as explained earlier, XEM is ‘harvested’ through the PoI algorithm which ensures a steady supply of the digital token without flooding the market and involving the risk of a dramatic crash in price.
Per data on CoinMarketCap, at the time of writing, XEM trades at $0.04 with a market cap of more than $382 million and a 24-hour trading volume of approximately $6.8 million. The coin reached its all-time high of $1.92 in January 2018.
A large number of reputable cryptocurrency exchanges trade XEM, including Binance, Upbit, OKEx, Bithumb, ProBit, among others. The digital token can be easily traded with BTC, ETH, and USDT trading pairs.
That said, if you wish to vest your XEM to partake in the maintenance of the NEM network and earn rewards, it is recommended you store your tokens in the official NEM Nano wallet for desktop and mobile OS. Only XEM tokens held in the official NEM Nano wallet are eligible for vesting.

NEM Use-Cases

To date, NEM has been deployed for various real-world applications with promising results.
In 2018, Ukraine launched a blockchain-based e-voting trial leveraging the NEM DLT platform.
At the time, Ukraine’s Central Election Commission – with the local NEM Foundation representation – estimated the test vote trial in each polling station could cost as low as $1,227. The organization’s Oleksandr Stelmakh lauded the efforts, saying that using a blockchain-powered voting mechanism would make it impossible for anyone to fiddle with the records. The Commission added that the NEM protocol presents information in a more user-friendly format for voters.
In the same year, Malaysia’s Ministry of Education launched an e-scroll system based on the NEM blockchain to tackle the menace of fake degrees. The University Degree Issuance and Verification System use the NEM blockchain which is interrogated upon scanning of a QR code printed on the degree certificate.
The Ministry added that one of the primary reasons for its decision to selected the NEM platform was its unique and cutting-edge features in managing traceability and authentication requirements.
On a recent note, the Bank of Lithuania announced that it would be issuing its NEM blockchain-powered digital collector’s coin (LBCoin) in July after the successful completion of its testing phase.

Final Thoughts

Summing up, NEM offers a wide array of in-house features that separate it from other blockchain projects in a space that is becoming increasingly congested. NEM’s creative PoI consensus algorithm is a fresh take on the PoS algorithm for performance enhancement. Further, the project’s newly launched enterprise-grade DLT solution, Symbol, offers a tremendous option to businesses to help them cut costs, reduce complexities, and streamline innovation.
NEM uses the Java programming language that makes it an easy project for developers to get involved with, unlike other projects such as Ethereum that use platform-specific programming languages like Solidity. The project’s tech infrastructure not only makes it less power-intensive compared to Bitcoin but also more scalable than its rival projects including Ethereum and NEO.
NEM’s tagline, “Smart Asset Blockchain, Built for Performance,” perfectly captures everything the project has to offer. Over the years, NEM’s active developer community has craftily addressed the notorious bottlenecks in the vast majority of blockchain solutions, The future looks promising for NEM as it continues to foster a trustless and blockchain-driven economy for tomorrow.
Source
submitted by charlesgwynne to ico [link] [comments]

Altcoin Explorer: NEM (XEM), the Enterprise-Grade Blockchain Platform

Altcoin Explorer: NEM (XEM), the Enterprise-Grade Blockchain Platform

https://preview.redd.it/f82bxncaxkg51.png?width=1300&format=png&auto=webp&s=34afde717d1781f7e472c8dcacd18a8b9390a78d
Nestled among the top 40 cryptocurrencies by reported market cap, New Economy Movement — popularly known as NEM (XEM) – is a peer-to-peer (P2P), dual-layer blockchain smart contract platform written in one of the most influential programming languages, Java. NEM uses the proof-of-importance (POI) consensus algorithm that essentially values the tokens held and the activity conducted by the nodes on the blockchain network.
In this Altcoin Explorer, BTCManager delves deeper into the finer intricacies of the NEM blockchain protocol, including the project’s POI consensus algorithm, its native digital token XEM, and some of its real-world use-cases.
Without further ado, let’s get to the core of this high-performance distributed ledger technology (DLT) platform.

History of NEM

NEM was launched on March 31, 2015, with an aim to develop an enterprise-grade blockchain protocol that could circumvent the infamous trilemma of blockchain: scalability, speed, and privacy.
Operated by a Gibraltar-registered NEM Group, NEM is a fork-out version of the NXT blockchain. After the successful fork, the NEM community decided to build its ecosystem from the ground up and developed its own codebase to make the network more scalable and faster.
NEM’s insistence toward building its own tech infrastructure led to a DLT protocol that is unlike anything resembling other similar platforms.
Today, NEM ranks among the top go-to blockchain platforms for enterprises across the world, rivaling competing protocols including Ethereum (ETH), and TRON (TRX), among others.

NEM’s Proof-of-Importance (POI) Algorithm

Unlike Bitcoin’s (BTC) energy-intensive Proof-of-Work (PoW) and Ethereum’s yet-to-be-implemented Proof-of-Stake (PoS) consensus algorithm, NEM uses PoI consensus mechanism.
The PoI mechanism achieves consensus by incentivizing active user participation in the NEM network. This consensus infrastructure ensures an agile decentralized network by rewarding well-behaved nodes that not only possess a significant stake in the network but are also actively engaged in executing transactions to maintain the network’s robustness.
Specifically, each node in the network possesses an ‘Importance Score’ that impacts the number of times the said node can ‘Harvest’ the XEM altcoin.
Initially, when a user puts XEM tokens into their wallet, they are called ‘unvested coins.’ Over time, as the wallets start accumulating an increasing number of XEM and contribute to the network’s transaction volume, they start collecting importance scores. At the same time, the XEM tokens in these wallets change into ‘vested coins,’ provided that there are at least 10000 tokens in the wallet.
To put things into perspective, let’s take the help of a small example.
On day 1, Joe receives 50,000 XEM in his digital wallet. Now, with each passing day, the NEM network will ‘vest’ 10 percent of the tokens held by Joe. So, on day 2, 5,000 tokens held by Joe are vested into the network. On day 3, 10 percent of the remaining tokens – 15,000 XEM – get vested into the network, leaving Joe with 13,500 XEM, and so one. After a couple of days, Joe sees that the number of XEM vested by him has crossed the 10,000 coins threshold, thereby, making him eligible to seek rewards from the NEM blockchain for his contribution to vesting his tokens.
Close followers of blockchain projects would find the aforementioned network reward mechanism bear a close resemblance to the PoS consensus algorithm. However, it’s worthy of note that vesting coins is just one way of calculating a node’s importance score.
The NEM protocol also rewards nodes that are responsible for most activity on the network. In essence, this means that the higher the number of transactions executed by a node, the more likely it is to gain higher importance points. The balance between vesting XEM and network activity is an important metric to be maintained by NEM nodes as it directly impacts their likelihood of harvesting XEM.
NEM’s consensus algorithm does away with several issues plaguing the more energy-intensive protocols such as PoW. For instance, PoI does not necessarily require high-energy hardware to run the nodes. The decentralized nature of the algorithm means that almost any machine — irrespective of its tech configuration – can participate in the NEM ecosystem ensuring it remains decentralized.

NEM’s Native Digital Token — XEM

XEM, unlike the vast majority of other cryptocurrencies, isn’t mined or staked using Pow or PoS algorithms. Rather, as explained earlier, XEM is ‘harvested’ through the PoI algorithm which ensures a steady supply of the digital token without flooding the market and involving the risk of a dramatic crash in price.
Per data on CoinMarketCap, at the time of writing, XEM trades at $0.04 with a market cap of more than $382 million and a 24-hour trading volume of approximately $6.8 million. The coin reached its all-time high of $1.92 in January 2018.
A large number of reputable cryptocurrency exchanges trade XEM, including Binance, Upbit, OKEx, Bithumb, ProBit, among others. The digital token can be easily traded with BTC, ETH, and USDT trading pairs.
That said, if you wish to vest your XEM to partake in the maintenance of the NEM network and earn rewards, it is recommended you store your tokens in the official NEM Nano wallet for desktop and mobile OS. Only XEM tokens held in the official NEM Nano wallet are eligible for vesting.

NEM Use-Cases

To date, NEM has been deployed for various real-world applications with promising results.
In 2018, Ukraine launched a blockchain-based e-voting trial leveraging the NEM DLT platform.
At the time, Ukraine’s Central Election Commission – with the local NEM Foundation representation – estimated the test vote trial in each polling station could cost as low as $1,227. The organization’s Oleksandr Stelmakh lauded the efforts, saying that using a blockchain-powered voting mechanism would make it impossible for anyone to fiddle with the records. The Commission added that the NEM protocol presents information in a more user-friendly format for voters.
In the same year, Malaysia’s Ministry of Education launched an e-scroll system based on the NEM blockchain to tackle the menace of fake degrees. The University Degree Issuance and Verification System use the NEM blockchain which is interrogated upon scanning of a QR code printed on the degree certificate.
The Ministry added that one of the primary reasons for its decision to selected the NEM platform was its unique and cutting-edge features in managing traceability and authentication requirements.
On a recent note, the Bank of Lithuania announced that it would be issuing its NEM blockchain-powered digital collector’s coin (LBCoin) in July after the successful completion of its testing phase.

Final Thoughts

Summing up, NEM offers a wide array of in-house features that separate it from other blockchain projects in a space that is becoming increasingly congested. NEM’s creative PoI consensus algorithm is a fresh take on the PoS algorithm for performance enhancement. Further, the project’s newly launched enterprise-grade DLT solution, Symbol, offers a tremendous option to businesses to help them cut costs, reduce complexities, and streamline innovation.
NEM uses the Java programming language that makes it an easy project for developers to get involved with, unlike other projects such as Ethereum that use platform-specific programming languages like Solidity. The project’s tech infrastructure not only makes it less power-intensive compared to Bitcoin but also more scalable than its rival projects including Ethereum and NEO.
NEM’s tagline, “Smart Asset Blockchain, Built for Performance,” perfectly captures everything the project has to offer. Over the years, NEM’s active developer community has craftily addressed the notorious bottlenecks in the vast majority of blockchain solutions, The future looks promising for NEM as it continues to foster a trustless and blockchain-driven economy for tomorrow.
Source
submitted by charlesgwynne to BlockchainStartups [link] [comments]

Concerns on DeFi

Hello,
Just wanted to share some of my legitimate concerns around decentralised finance with the broader community. To be quite clear - I am a huge fan of Ethereum and DeFi and believe this could lead to the future of finance. However, I do worry if there is a circle jerk within the community that could lead to a lack of adoption in the coming months. I will try and keep this as short as possible. By all means, do understand I am coming from the pov of sharing constructive criticism and not dissing on the efforts of those building.
If you are solving for these problems in particular, please ping me and I'd love to talk further with you
  1. On-ramps The largest problem for much of the developing world is the fact that while DAI can without doubt give dollar exposure, acquiring them is quite a difficult task. In fact if DAI demand goes up substantially in a region, it could have premiums of upto 25% which makes it a bad on-ramp tool without necessary liquidity in place. (check Wazir X p2p USDT rates in India for context). This problem is not endemic to DAI alone but is applicable to stable tokens of all kinds. With regional regulations in nations like Thailand, Vietnam, Indonesia, Phillipines, Malaysia and India not being clear on stable tokens in particular, it becomes an uphill task for developers to build on it. More importantly, it becomes less appealing for the average individual to use. Now typically this wouldnt matter if the point of DeFi was to be a niche project aimed at a small community. However, DeFi has the power to be the first mass market blockchain tool for the world. Consider it to be the "e-mail" or "napster" moment for blockchain based applications. IF we are to scale then on-ramps and off-ramps need to be solved for. This can happen only and if the community begins engaging with regional regulators and exchanges begin providing solutions. In an ideal world, acquiring stable tokens should be as easy as venmo'ing someone $10 dollar and receiving say $9.90 (1% fee) in Incento (incento.io seems interesting, not shilling but do check them out!)
  2. Incumbent Efficiency In order for a system to scale past a certain point, the value add it brings needs to be considerably higher than the incumbent. Depending on the size of the remittance market, there exists multiple payments and wire transfer corridors set up by startups today to solve for quick transfers. In fact during times when a blockchain like those of Ethereum's or Bitcoin's are clogged - transferwise can prove to be a cheaper, better alternative than tokens. This is not to diss on the fact that decentralisation and immutability has a price attached to them, but for the average user today alternatives are far better than token based products. The challenge when it comes to scaling - especially towards L2 is whether products can be incrementally better than their incumbents in exchange for some trade offs (eg: relative centralisation in lightning for minimal fees and quicker confirmation). Today's DeFi apps have to make a call between being ideological and efficient because it seems there is a price attached to ideology and retail users aren't willing to pay that price.
  3. Slippage Much props to Kyber and Uniswap for solving for this on most DeFi apps but there remains challenges in how settlements for defi instruments today happen. As the scale of volume on products like DyDx and Nuo increase and the expected accuracy at which trade settlements are anticipated to be limited to, there will come a point in time where traditional market-makers will have to enter the system. At $500 million the DeFi space's largest traders constantly reel from price slippages and a lack of liquidity. How can we scale to $10 billion or $1 trillion without the kind of liquidity that could instill confidence in large whales. In order to solve this, there will come a point in time where hedge funds and dark pool service providers from traditional markets begin targetting DeFi instruments. The community will likely see this as an all out assault on the principles DeFi has been built upon but to be honest, this will be a quintessential requirement for the space to grow. We are seeing an early variant of this already with the likes of Cred raising $50 million to re-issue as debt (yes, not entirely DeFi) or with MakerDAO having VC partners that come from traditional backgrounds. Even in the case of products like Dharma and compound, the market-makers are hedge funds. We will see a convergence of traditional market products and DeFi soon. That will be an exciting phase imo.
  4. Product-Market Fit Debt is one of the oldest financial innovations in the markets. Quite literally. Some of the first ever tablets recorded debt obligations and as such have been quintessential to the growth of human civilisation. MakerDAO's proposition of issuing token backed debt is by all means revolutionary but in order to see true scale, DeFi has to grow beyond the individuals that can give assets as collateral. I reckon there will be a new layer of growth for DeFi soon that will be powered with open-data and AI. One where an individual's credit worthiness could be checked with the individual's permission on basis of on-chain tx activity and self sovereign identity. I also see a market for AI based lending rate predictions and forex management by central banks. Autonomous agents can realistically analyse tx's in and out of a country, account for macro-economic indicators and optimise internal lending rates and foreign currency reserves. Ofcourse it is too early for any of this to take place but within the next decade our markets will be far more (i) closer due to globalisation and (ii) automated due to improvements in AI. DeFi is all well and good but if we are going to beat the same old drums of economic instruments that were created thousands of years back, there may be no real value proposition here. LsDAI, rDAI, CDAI, DAI... are all interesting but the average user sees no value yet. Which makes me wonder if we are sitting around patting each other's back before we see something productive (a unicorn from the DeFi ecosystem perhaps?)
  5. Scale 4.5 billion. That's the number of unbanked individuals that can be catered to with an L2 payments solution powered by Ethereum. Challenges? On-ramp, storage of private keys, user education and bloody hell - marketing and user education. Emphasis on the last 2 because I feel not much focus is given on it. We can no longer build and hope the markets come. We are in an era of Zombie startups where startups with north of $100 million+ valuations in Mcap, that raised north of $10million in 2017 from ICOs are sitting on ~1000 users a month. People think the alts blood seepage is done but it is likely that that bleeding wont stop until we find users. And when we do find users, we cant expect them to be using a gazillion tokens, each with weird token economics and even more complex functioning to be using them. Standardising of token interactions through wallets and interoperability will solve for these challenges but its time we asked what are the biggest problems DeFi can solve today? Here are some hints.. NFT based Income share agreements -Non collateralised debt for gig economy corporations that are registered as DAOs -DAO treasury management -Forex off-ramps for tourists (P2P) More on these later..
Just wanted to share my $0.02.
submitted by WiseAcanthisitta5 to ethfinance [link] [comments]

AMA Wrap-up & Summary

A very big thank you to everyone who participated in FinNexus’s first ever AMA session in the Wanchain Telegram! We were very pleased with the level of enthusiasm from AMA participants! We’re sorry to say that we weren’t able to answer every single question as we received close to 80 questions, and many of them were similar. However, we did our best to identify all the unique questions and answer them all as fully as possible. We have also selected the top ten 🏆🏆🏆winning questions🏆🏆🏆 of the AMA who’s askers will be receiving $20.00 worth of FNC each at the Wanchain address they submitted after the token generation event scheduled in January.
(Feel free to ask any other questions in response to this post!)

TOP TEN QUESTIONS:

1.🏆 What’s special about Finnexus vs. others in the space? @oluap5773
Our closest competitors are traditional financial institutions which offer low risk, non blockchain based stable return and fixed return products. Our other competitors would be platforms such as Binance and Compound which offer centralized or decentralized stable return products based on crypto lending businesses.
FinNexus has a unique focus on assets with real value built on blockchain infrastructure, which is rare in our other DeFi projects. Unlike Binance and Compound whose stable return products are based on crypto lending businesses, the assets we issue include those based on both real world and crypto businesses, which gives users access to reliable assets which are not correlated with the performance of crypto markets. And unlike traditional institutions, all our products are built on blockchain, which enables them to make use of all the blockchain’s advantages.
2. 🏆 What do you think of the future of DeFi in this space? @salmanmbstu96
Our expectation of the future DeFi is mainly on the application level rather than a technical one.
  1. Borrowing and Lending cannot be everything about DeFi. The growth of the DeFi should be largely diversified to other assets and business models.
  2. The risks in the DeFi world is similar, in other words, most of the DeFi models are facing the same systematic risks, which are with high risk and high expected return characteristics. In cases when the bitcoin collapses, every businesses and scenarios will be affected. This is not healthy.
  3. The DeFi applications are not so user-friendly. One has to take some time to learn how to deal with one decentralized product.
A leading project in the future should have the ability to solve the problems above. Blockchain is a great technology, while the combination with finance cannot avoid the basic logic and be isolated from the successful scenarios and models we built. Different models here mean different application scenarios in the financial world, like the equity rights, debenture rights, derivatives or other beneficiary rights.
The centralized or decentralized cannot be questions like yes or no. During the process of development, there may be something in between. On one hand it is built in a decentralized way and smart contracts are triggered automatically; while on the other hand, it is adapting the realistic that some parts of transactions or measurements must be under centralized regulations. We would like to call it Open Finance, as it is open to both the crypto assets on the blockchain, and the assets off the chain while restructuring their parts in a decentralized way.
In the future, we believe that there will be leading projects, that can bridge the blockchain technology and real world assets, diversify the systematic risks while attracting more users, and be user friendly that the nonprofessional may easily operate.
3. 🏆 Give me reason’s why should I invest in #FinNexus? @cryptococuk01
I hope you read the write paper of FinNexus and got understandings on what FinNexus is about to do. FNC will be the sole token in the FinNexus ecosystem. It is a kind of hybrid token, like a utility token but also benefiting from FinNexus development.
FinNexus will work as the financial product supermarket, Broker, Investment Banker or something alike. It will gain revenue directly from its operations.
Holders of FNC is eligible to the following rights or benefits (will be explained in details on the FinNexus official websites):
1)Rights of higher rate of returns on tokenized products; 2)Rights to invest in tokenized products with lower cost; 3)Benefits on the discount on the transaction commissions; 4)Derivative rights, like early settlement, resale or interest swaps; 5)Rights to interact with WAN; 6)Benefits on the FinNexus’ development; the revenue of FinNexus is from: Underwriting; Investment banking; Market making; Transaction commissions; Investment in tokenized products.
4. 🏆 How can FinNexus goal be explained in layman’s terms? @iamthethirdkind
You can actually get a clue from the project’s name ‘FinNexus’. The name is quite straightforward. FinNexus is the combination of the words ‘Finance’ and ‘Nexus’. It means financial connections. I will explain that in 3 aspects:
  1. To asset owners
Finance here includes the ‘traditional’ and the ‘decentralized’ and traditional finance is only traditional compared to DeFi. Here FinNexus is aiming at providing a solution, which we call it a protocol, where one can link the traditional financial world with the blockchain technology in an efficient, transparent and feasible way. For example, one with assets that have good expected cash flows will find a way to easily tokenize the assets on FinNexus.
  1. To users FinNexus will act as a financial product supermarket. Right now, the DeFi world has a problem that almost all of the crypto assets or financial products bear the same systematic risks, which means when the Bitcoin price collapses, every kind will join the plummet and even the financial models will cease to be valid. One of the reasons is that all assets are purely crypto-born. Moreover, the crypto interface is not so easy for a nonprofessional to operate. FinNexus’ goal is to provide diversification and convenience with assets of real value. Users will be able to invest in assets with various risks and returns here, and can easily choose to their preferences like in a supermarket.
  2. FinNexus Itself
FinNexus is concentrating in the application level, with the help of the two initiators. It will not operate or manage assets directly and will act as a channel or a hub, where supplies and needs are paired, while in later stages, it will strive to build the protocols or standards for all of these tokenizations and transactions.
5. 🏆 What are tokenized digital assets in FinNexus? How is it different from current digital assets? @hg144
The FinNexus team have done researches on the tokenization of real world assets. Right now, only a few groups like the credit assets, supply chain finance or other sub-dividable beneficial rights seem most feasible. These tokenized products may bear characteristics like equities, debentures, derivatives or other beneficiary rights.
The noticeable differences lie in the nature of the products. The returns are from the cashflow of the real world assets, rather than mining, staking, speculating, etc. FinNexus combines the decentralized and centralized means. The tokens have advantages on chain, while the product design and disclosure draw lessons from traditional finance.
Apart from that, there will also be products totally on chain, triggered by smart contracts, like crypto futures, options, and ETFs, with user-friendly interfaces.
6. 🏆 What are the advantages and disadvantages of FinNexus when developing in a large market like China? Do you have plans to develop other regions? @hiampluto
Advantages:
(1) The blockchain industrial environment and public opinion guidance has changed since China’s President Xi Jinping recent announcement. The word blockchain has been mentioned in social media time and time again, and almost everyone is trying to find out what it is. President made it clear that the country would encourage enterprises applying the technology into real world scenarios.
(2) China has the largest population and made great technological progress over the last decade. Blockchain projects, communities, exchanges, token funds, medias, and other participants have established a complete and dynamic ecosystem. FinNexus is easy to access to these resources.
(3) Financial market in China has been making great progress, which provides FinNexus with adequate talents, financial products and potential users.
(4) The two initiators Wanchain and SuperAtom (incubated by Cheetah Mobile) are all based in China. They both give FinNexus big financial, human-power and community support, with minimum communication cost in the same city.
Disadvantages:
(1) Activities like ICOs or other forms of public fund-raising are still restricted;
(2) The government’s attitude towards the security-like tokens and tokenization is still not clear;
(3) Language and time zone discrepancy may cause difficulties.
FinNexus is aiming to build a global open finance protocol. Blockchain should be boundless, and so will be our users and assets. Our first product’s basic asset is in SE Asia. We are now building teams, grouping communities, and recruiting regional ambassadors. Also, we are making continuous and effective interactions with the global communities of Wanchain and Bitrue.
7. 🏆 FinNexus’s team consists of experienced and brilliant individuals. What made them to unite together and work in unison for the fulfilment of it and how does it act as an advantage compared to other projects in terms of brainstorming and guidance? @cryptollll
Though key members of FinNexus team seem to have different educational backgrounds or working experiences, we come together with the same beliefs and goals. The same purpose has united us together and after grinding-in over one and a half years, we are working together energetically and harmoniously, which provides a foundation for the success of FinNexus. It is not the first time we work together and we knew each other with for long time. The details of resumes are on the website.
8. 🏆 Many blockchain projects and companies focus on making very complex systems, say they will revolutionize the society, and help the unbanked. Since you work directly in the area, how realistic do you think such statements are? @lucbazanse
The team has been working together for more than a year already. FinNexus is a project at the layer 3 level in the blockchain system, targeting at the application usage. The team believes that no matter how innovative or revolutionary a new technology is, if it fails to be conveniently applied in everyday use or have efficient or cost-saving solutions to users, we cannot call it a successful technology.
Therefore, we will build our application on top of the successful public chains and concentrate in providing financially practical and risk diversified products and user friendly applications. We doubt that the unbanked can be helped by a complex system. Unbanked group of people usually exist in the less developed regions that lack basic infrastructure. They may not well educated or lack the basic understanding of the technology or even ideas of modern financial or banking system.
Therefore, the application is most important. A successful project should provide them with friendly interfaces and convenient accesses, aiming directly to their basic needs, no matter how complex or innovative the technology is. That’s what FinNexus is trying to do, to provide what is needed the most in a simple and understandable way.
9. 🏆 Which way you will offer token sale?
We create a new way of the token sales together with launching our products. FinNexus’ will issue its CFNC (convertible FNC), which gives holders the right to convert into ABT in the conversion period. The holders of ABT are eligible to the benefit with an annualized rate of return at over 10%. ABT is called the Asset Backed Token in general, in specific, the return of the token is backed by the consumer loan assets in Indonesia, with the originator SuperAtom, which is initiated by the NYSE listed company Cheetah Mobile, as the basic asset. It has a traditional hierarchical design and the ABT is the token in the senior tranche. The details will be disclosed in the Offering Circular on the FinNexus website later.
We strongly recommend the interested blockchainers to check the details on www.finnexus.io
10. 🏆 Can you tell more about road-map for future developments? @toanphamhd
In phase one, before the end of 2019 or early in 2020, FinNexus is introducing ICTO, combining the fund raising process with its products. Instruments with the essentials of ABT are likely to be one of the major products offered to users, with different systematic risks from the crypto assets. Before the first quarter of 2020, other products like the borrowing and lending, hedging, ETF and staking are likely to be issued, as well as the other schemes of the ABT products. FinNexus will also cooperate with at least three of the token exchanges, crypto wallets or other channels as the sale portals.
In phase two, before the end of 2020, FinNexus will search for the qualified assets globally and combine the blockchain technology with the real world application scenarios in vaster occasions. And FinNexus work with other mainnet projects to launch its new products and interactions with the chain tokens. Moreover, FinNexus will facilitate the trade of the ABT and other similar products on the OTC market. The experience of the traditional financial market shows that the OTC transactions of these products have even higher volume than the bidding mode in the exchanges.
In the third phase, in three years, FinNexus’ goal is to build an open finance protocol. This protocol is established on Layer 3, targeted on the application level. It will provide the basic standard for the tokenization and transaction for all types of assets, both in traditional finance and in the crypto world. All assets that provide future returns will be programmable with blockchain in the future and FinNexus is defining a protocol that provides the standards and convenience in realization. Different assets may apply to various requirements in details, but the common language lying in is what FinNexus is chasing for.
While in the coming days, we would expect 1) the release of the detailed conversion and subscription rules on the website; 2) the release of the ABT offering circular to give a detailed explanation on the risks and returns; 3) setting the timetable for offering and listing of FNC.

RUNNER UP QUESTIONS

11. What is the current development progress of the project, and when is the main online release? @btc4life76
The first product will be released together with ICTO process, details of which you may check on the FinNexus website. Right now, the product is under the final stage of development and the team are working on the necessary information disclosure materials and the design of tokens on Wanchain. The planned release time will be before the end of this year or early next year.
12. “What are the recent change in high-level strategy in product design and development? How will it help the #FinNexus to move further with the safest & fastest Blockchain technology?” @ahmetumit08
FinNexus is a project built on layer 3 and concentrates on technological application. ‘We are the portal to the users and we need to make it simple, convenient, understandable and transparent’.
The advantage does not lie in the sophistication of the underlying technology, but in the application level. To establish an Open Finance Protocol, FinNexus has to move earlier and faster than the others, and at present, it is the first in the industry to put forward this concept.
In product development, we will make each code be used in real use case and keep improving in practice. In the beginning, we will built a layer 3 for assets tokenization and distribution, fee and interests distribution, buying and withdrawing. Users (business users) do not need to connect public chains, but use our SDK or API to interact with different chains. Recently we are focusing on protocols with smart contracts that asset tokenization could be easily deployed by FNX layer 3. And then we will focus on the protocol of decentralized token distribution. That means anyone who wants to sell assets tokens in FinNexus only need to download our SDK or connect our API.
13. How many different types of assets can be expected in the first quarter of 2020 . What will be the jurisdiction of assets and how will FinNexus avoid people from holding assets from restricted jurisdictions? @anon
As a project incubated by SuperAtom, the UangMe assets will work as an initiator, and it has the potential of the amount of 100M USD. In the meantime, similar assets in Malaysia are under discussion. In addition, there will be other types of products the users may expect in the first quarter of 2020, like crypto borrowing and lending products, easy-operating crypto-currency derivatives, ETF products, staking related products, etc., and they are all under development right now.
We have a legal team that help us deal with the jurisdiction issues. We will monitor the changing legal environment around the main countries and regions. KYC procedures are necessary for avoiding investors from holding assets from restricted jurisdictions.
14. How FinNexus and Wanchain both can get benefitted using each others protocol? @salmanmbstu96
FinNexus is the layer 3 which can make users, especially business users, to use Wanchain easily in financial aspects. And FinNexus focuses on different assets, that could grant Wanchain with more applications to run. In most of financial scenarios, multi-coin will be used, so we can use the cross-chain protocol of Wanchain. If Wanchain protocol is like a highway road, FinNexus protocol is working as an assembly line.
15. What do you think about Defi Landscape right now? @paraphan1992
Now, many DeFi projects are limited to the products and applications with the pure crypto assets. They can be highly decentralized and automated, but is it enough?
1) Borrowing and Lending is the first natural DeFi application scenario and contributes to over 90% of the application scenarios. It cannot be everything about DeFi. The growth of the DeFi should be largely diversified to other assets and business models.
2) The risks in the DeFi world is similar, in other words, most of the DeFi models are facing the same systematic risks, which are with high risk and high expected return characteristics. In cases when the bitcoin collapses, every businesses and scenarios will be affected. This is not healthy. Tokens transactions with high risks and the relating credit activities cannot be the whole world of DeFi. FinNexus is trying to introduce financial products with different types and levels of risks and expected returns, to enrich the products desperately needed in the industry.
3) The DeFi applications are not so user-friendly. One has to take some time to learn how to deal with one decentralized product. FinNexus aims at providing something that is transparent with the information needed for the investors to make judgment while easy to handle.
Right now, Maker is trying to move to Multi-Collateral Dai (MCD), a big step to make the DeFi model richer and healthier. Also they introduce Dai Savings Rate (DSR), which may have the potential to be regarded as one of the standard rates. In the future, we may witness wider real world assets and application scenarios in DeFi and that is the path that DeFi is bound to follow.
16. Can FinNexus support smart contracts? @btc4life76
The answer is yes, smart contracts will play important roles in the FinNexus products. The first phase of products will be built on Wanchain and according to the ICTO rules, the ABT conversion and the future payment of principal and interest of ABT will all be supported by smart contracts. Again, for details of ICTO please check our website. In later phases ,we will develop other products based on ETH or other chains according to the users’ requirements and asset characteristics; and smart contracts will be richer and more diversified.
17. Why do we need DEFI? What is the new thing that DeFi bring to us? Was your project born for that? @oluap5773
A: The decentralized blockchain technology needs application scenarios, and the finance needs the innovative technology to solve its own problems, thus here comes the merge of the two.
Bitcoin brings the blockchain technology into our sight and until now, it has 70% of the total value of crypto assets. Bitcoin is born to facilitate the financial transactions and most of the project henceforth cannot be isolated from the financial fields. There is an inevitable bond since the birth of the technology, and finance is always the natural experimental field of blockchain.
The problem of information asymmetry is always puzzling investors and regulators. Most of the solution came from a centralized way from the authorities before, while the result was much diversified among regions. With the emergence of blockchain, it provides an alternative solution to this long-lasting issue. It is trustworthy, non-modifiable and self-proved. Moreover, it is bondless and anti-authorized, which can largely reduce the cost of international transactions while enhancing the efficiency. The technology is self-organized, decentralized and automated. DeFi has the potential to change the governance structure and investment behavior in the financial world.
Tens of years ago, the internet has brought finance efficiency and popularization. Today blockchain is about to change the financial system again. It introduces the participants into a new territory that is bondless, decentralized, trustworthy, and equal. It will largely decrease the cost of centralized supervision, the risk of information asymmetry and the barrier among economic entities. Many business formats will change concerning the technology, including the economic entities, governance authorities, market intermediaries, exchanges and the transaction behavior of investors. For example, in the future, it is expected that the basic bookkeeping of a business entity will be on blockchain, and all of the operational activities like procurement, production, sales, inventories, invoices, taxations, employments, etc., will be dealt with and recorded in a decentralized way. Therefore, the auditors’ jobs are shifting from the bookkeeping test of accuracy to the verification of the validity of the chain.
Of course, FinNexus is born to be part of the big change, and we strive to be one of the driving forces of the financial decentralization progress. The goal of FinNexus is to build an Open Finance Protocol. The protocol is like a channel or a standard, to allow all kinds of assets, whether decentralized or centralized, whether with characteristics of equity, debenture, derivative or other hybrid, to find its path towards tokenization with the blockchain technology. By maintaining the basic business logic and learning from the traditional financial model, FinNexus will combine with the advantages of the blockchain technology, to make investors truly benefit from decentralization.
18. Which target users does FinNexus aim to serve? Will its technology be easy for participants to use but still ensure open, transparent and equal way? @paraphan1992
FinNexus aims to serve those who know blockchain and have invested in crypto assets or DeFi products, those who know real world investment but little about blockchain, and those who know little about crypto assets or financial investment but interested in the blockchain technology and curious on the virtual assets.
The meaning of ‘Nexus’ has many parts, and one is to make connections with different market participants. FinNexus will work through protocols and try to act as a channel. In future stages, it will make connections with the OTC markets providing fiat and crypto currency exchanges. Through these protocols, non-crypto users will be able to invest in the FinNexus products.
As FinNexus is built on Layer 3, the protocol will be built combining the decentralized and centralized solution. User-friendliness is a must. By means of easy interfaces, full information disclosure and integrated protocols, users with various degree of knowledge and different risk tolerance are able to get their suitable investment, easily and transparently.
whether decentralization or centralization, are means not targets.
Openness, transparency and equality are necessary to lower credit risks in financial activities. The subscription, transaction, interaction and distribution of financial products will be on chain in a decentralized way, implemented by smart contracts; while the information disclosure, real assets collateral and basic assets operation will be off chain in a centralized way. FinNexus protocols will work to achieve such goals.
submitted by noahniuwa to finnexus [link] [comments]

CryptOcean Project News Digest

CryptOcean Project News Digest

https://preview.redd.it/h02vegtfy1241.jpg?width=1200&format=pjpg&auto=webp&s=d9fcc317ec9b2d9386bc83cd3a2104cd95d69799
Dear friends! During November, many important for the CryptOcean project events took place, which we present to you in our digest.

MultiPass Resource Launch

The most important stage for the development of the entire CryptOcean ecosystem — MultiPass has reached the finish line! Already in December, each user of CryptOcean services can take advantage of the unique opportunity of quick one-click verification thankfully to the MultiPass solution.
In the near future, an entry for testing the service will be open.

Integration of CRON and Ethereum coins in my.bitchange.online service

As previously announced, the CRON coin was integrated into my.bitchange.online service. Now users have the opportunity to exchange cryptocurrencies for fiat and deposit/withdraw funds in the service using Bitcoin, Ethereum and CRON. In the near future, we also plan to connect other popular cryptocurrencies to the service.

Final CryptOcean Mobile Wallet Testing

Using all CryptOcean services and carrying out any operations with a CRON coin has become even easier! The CryptOcean mobile application for the Android and IOS operating systems is already undergoing the final testing stage and will be available for download on the Play Market and App Store by the end of 2019.

Listing of the CRON coin on the Velvet exchange

In November, Velvet Exchange listed CRON coins.
Currently, there are CRON/USD and CRON/EUR trading pairs available on the exchange.
Velvet Exchange is a licensed regulated digital platform that provides its customers with all the tools and functions for trading — a liquid platform with low commissions, on which a huge domestic sector is built to expand business opportunities and connections. The Velvet Cryptocurrency Exchange includes a legally licensed exchange of cryptocurrencies for fiat and a virtual currency wallet service in Estonia. In addition, Velvet Exchange has a multi-purpose Stored Value Facilities (SVF) license in Singapore (similar to EMI in Europe) and may provide other related financial services in the Asian region.
Velvet uses low fees for deposit/withdraw and trading: both companies and private traders can deposit euros with a commission of 0% and withdraw with a commission of 0.5% + 5 EUR. At the same time, the commission fee decreases as trading volumes increase and can decrease to 0% for the producer and 0.001% for the buyer.

First CryptOcean Cryptocards Transactions

The first lucky ones participating in the CryptOcean test program have already received a limited series of plastic cards and pay with them in stores, on the Internet and even withdraw cash from ATMs! We successfully tested the CryptOcean card and appreciated all its advantages, so did our Asian clients at a conference in Malaysia. Until December 2, we plan to launch mass issues of cards, as well as finalize an algorithm that will allow CryptOcean users to directly issue a card from Bitchange’s personal wallet, replenish its balance and perform any other service operations.
You can pre-order the CryptOcean card here: https://preorder.cryptocean.io

Presentation of the CRON.VPN Product

Now you do not need to worry that when working in public networks (cafes, airports, hotels) the privacy of your data will be at risk. CRON.VPN is a service developed by CryptOcean experts based on the WireGuard solution, which ensures the security of data transfer when working on any network by providing the user with a secure VPN connection through our own servers in the UK.
For CRON.VPN to work, it’s enough to have a wallet with a CRON coin, a Telegram messenger and an installed WireGuard software package on each of the devices. There is a simple partner program provided for all users, which allows you to earn up to 33% of all referral payments directly to your CRON wallet. You can get more information about CRON.VPN here: https://t.me/@CronVpnBot

The first exchanges on our own cryptocurrency exchange

As we promised, the first applied traders were able to use the beta functionality of our cryptocurrency exchange. Based on the results of the first test exchanges, it was decided to expand the functionality of the exchange for the end-user. The final version of the CryptOcean exchange with public access will be available at the end of January 2020.

Opening of the CRON GLOBAL subsidiary office in Minsk (Belarus)

This month, the company CRON GLOBAL LLC was registered and an additional office was opened in the city of Minsk (Belarus). After legal and other formalities are completed, we plan to expand the technical support staff. Currently, we need the following specialists in Minsk:
- System Administrator;
- Technical support service specialists (with knowledge of English/German or Chinese);
- Call center specialists (with knowledge of English/German or Chinese);
You can send your resume to us by e-mail: [email protected]

Announcement of European and Asian CryptOcean conferences

In the very first decade of December, we will prepare for you a press release with a description of new CryptOcean products, as well as prepare a program for announcements of new conferences of the CryptOcean project in Europe and Southeast Asia in December 2019.
Together we will make the digital world more comfortable!
Yours respectfully,
CryptOcean Team
submitted by CryptOcean_official to Cryptocean [link] [comments]

CryptOcean Project News Digest

CryptOcean Project News Digest
CryptOcean Project News Digest
Dear friends! During November, many important for the CryptOcean project events took place, which we present to you in our digest.

MultiPass Resource Launch

The most important stage for the development of the entire CryptOcean ecosystem — MultiPass has reached the finish line! Already in December, each user of CryptOcean services can take advantage of the unique opportunity of quick one-click verification thankfully to the MultiPass solution.
In the near future, an entry for testing the service will be open.

Integration of CRON and Ethereum coins in my.bitchange.online service

As previously announced, the CRON coin was integrated into my.bitchange.online service. Now users have the opportunity to exchange cryptocurrencies for fiat and deposit/withdraw funds in the service using Bitcoin, Ethereum and CRON. In the near future, we also plan to connect other popular cryptocurrencies to the service.

Final CryptOcean Mobile Wallet Testing

Using all CryptOcean services and carrying out any operations with a CRON coin has become even easier! The CryptOcean mobile application for the Android and IOS operating systems is already undergoing the final testing stage and will be available for download on the Play Market and App Store by the end of 2019.

Listing of the CRON coin on the Velvet exchange

In November, Velvet Exchange listed CRON coins.
Currently, there are CRON/USD and CRON/EUR trading pairs available on the exchange.
Velvet Exchange is a licensed regulated digital platform that provides its customers with all the tools and functions for trading — a liquid platform with low commissions, on which a huge domestic sector is built to expand business opportunities and connections. The Velvet Cryptocurrency Exchange includes a legally licensed exchange of cryptocurrencies for fiat and a virtual currency wallet service in Estonia. In addition, Velvet Exchange has a multi-purpose Stored Value Facilities (SVF) license in Singapore (similar to EMI in Europe) and may provide other related financial services in the Asian region.
Velvet uses low fees for deposit/withdraw and trading: both companies and private traders can deposit euros with a commission of 0% and withdraw with a commission of 0.5% + 5 EUR. At the same time, the commission fee decreases as trading volumes increase and can decrease to 0% for the producer and 0.001% for the buyer.

First CryptOcean Cryptocards Transactions

The first lucky ones participating in the CryptOcean test program have already received a limited series of plastic cards and pay with them in stores, on the Internet and even withdraw cash from ATMs! We successfully tested the CryptOcean card and appreciated all its advantages, so did our Asian clients at a conference in Malaysia. Until December 2, we plan to launch mass issues of cards, as well as finalize an algorithm that will allow CryptOcean users to directly issue a card from Bitchange’s personal wallet, replenish its balance and perform any other service operations.
You can pre-order the CryptOcean card here: https://preorder.cryptocean.io

Presentation of the CRON.VPN Product

Now you do not need to worry that when working in public networks (cafes, airports, hotels) the privacy of your data will be at risk. CRON.VPN is a service developed by CryptOcean experts based on the WireGuard solution, which ensures the security of data transfer when working on any network by providing the user with a secure VPN connection through our own servers in the UK.
For CRON.VPN to work, it’s enough to have a wallet with a CRON coin, a Telegram messenger and an installed WireGuard software package on each of the devices. There is a simple partner program provided for all users, which allows you to earn up to 33% of all referral payments directly to your CRON wallet. You can get more information about CRON.VPN here: https://t.me/@CronVpnBot

The first exchanges on our own cryptocurrency exchange

As we promised, the first applied traders were able to use the beta functionality of our cryptocurrency exchange. Based on the results of the first test exchanges, it was decided to expand the functionality of the exchange for the end-user. The final version of the CryptOcean exchange with public access will be available at the end of January 2020.

Opening of the KRON GLOBAL subsidiary office in Minsk (Belarus)

This month, the company KRON GLOBAL LLC was registered and an additional office was opened in the city of Minsk (Belarus). After legal and other formalities are completed, we plan to expand the technical support staff. Currently, we need the following specialists in Minsk:
- System Administrator;
- Technical support service specialists (with knowledge of English/German or Chinese);
- Call center specialists (with knowledge of English/German or Chinese);
You can send your resume to us by e-mail: [email protected]

Announcement of European and Asian CryptOcean conferences

In the very first decade of December, we will prepare for you a press release with a description of new CryptOcean products, as well as prepare a program for announcements of new conferences of the CryptOcean project in Europe and Southeast Asia in December 2019.
Together we will make the digital world more comfortable!
Yours respectfully,
CryptOcean Team
submitted by TotalClub to Cryptocean [link] [comments]

Daily analysis of cryptocurrencies 2019–11–18(Market index 38 — Fear state)

Daily analysis of cryptocurrencies 2019–11–18(Market index 38 — Fear state)

https://preview.redd.it/z988snbubgz31.jpg?width=658&format=pjpg&auto=webp&s=8ff1c77605423352395c4ca6bda5e5d7ac800813

Thailand Ministry Of Finance To Launch Blockchain-Based Visitor VAT Refund ServiceAccording to the Bangkok Post, the Thai Ministry of Finance plans to introduce a blockchain-based value-added tax (VAT) for foreign tourists from the end of November. Thai Financial Minister Uttama Savanayana said that blockchain-based technology will speed up the refund process for visitors because once the store enters information into the system, the purchase details will be shared with the tax department and customs department based on the blockchain.
German And South African Regulators Issue Fraud Warnings On Karatbars InternationalIn Germany, according to a recent press release by BaFin, the Federal Financial Supervisory Authority of Germany, a cease and desist order has been issued against Karatbit. The order is to stop the company from its unauthorized electronic money business in Germany.As for South Africa, the Financial Sector Conduct Authority issued its own press release warning the public to not deal with Karatbars International, as it is not authorized in terms of the Financial Advisory and Intermediary Services Act, to render any financial advice and intermediary services. The press release continues that the authority was informed that the company has been offering investments to customers through WhatsApp, a messaging platform.
China’s Army Considering A Blockchain Rewards System, ReportChina’s military could implement a blockchain rewards system to manage personnel data and incentivize its workforce, the Global Times reported on Nov. 18. Citing a People’s Liberation Army (PLA) Daily report, the Global Times underscores that the blockchain system would likely not involve financial incentives, but would be used as an innovation strategy for the military’s management.
Yahoo And LINE Announce Basic Agreement On Business Integration; Both Of Them Have Crypto ExchangesYahoo parent company Z Holdings (ZHD) and LINE formally announced that they had a basic agreement on business integration. On Nov 13, it was reported that the companies were approaching integration in the media reports. If Yahoo, which has the cryptocurrency exchange TAOTAO, and LINE, which also operates the cryptocurrency exchange BITMAX, will be integrated, it will have a major impact on the cryptocurrency industry.
https://preview.redd.it/ruwrql7cbgz31.png?width=504&format=png&auto=webp&s=0eba3291ecd7ffbbb06946afa8f1c6695c2a7e99

BTC — BTC fell briefly yesterday, rebounding after falling to $8368 at the lowest level and falling after hitting $8620 at the highest level.In terms of capital flow, the net inflow in 24 hours was 3 billion yuan, a significant increase over the previous day.On the 4-hour K-line, the slope of the downward trend rate is slowing down, the trading volume continues to shrink, and the volatility has also dropped to a new low in recent years.At this stage, the disk support and pressure are weak, only part of the energy is needed, and it is easy to pull up. It is not difficult to break through the pressure of 8600 and 8800 dollars, and 9000 dollars is the strong pressure level.But it doesn’t make much sense to pull it up. The market information hasn’t been restored.The overall trend is roughly between $8400 and $8600.In terms of operation, the spot continues to hold, while the futures are not recommended for operation.
Review previous articles: https://medium.com/@to.liuwen

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.”Vexanium (VEX): 18 November 2019 Nodes Blockchain Summit Vexanium will collaborate with Nodes Community to hold a blockchain conference called the Nodes Blockchain Summit.OKB (OKB): 18 November 2019 Utrecht Workshop “EVENT: We’re going back to basics with #101 workshops on #CryptoTrading in Utrecht & AmsterdamSantiment Network Token (SAN): 18 November 2019 Reddit AMA “…@Santimentfeed will be conducting its first Reddit AMA on the@EthfinanceRsubreddit on Monday, November 18, 2019 from 12pm to 3pm EST”.Decentralized Currency Assets (DCA): 18 November 2019 Added to Echoestrader “Decentralize Currency Assets(DCA) support’s the first crypto algorithm exchange goes live on november 18th 2019.”Aeternity (AE): and 5 others 18 November 2019 [TWITTERPOST] Shift Money 2019 conference from Nov 18–19 in Croatia.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.”Pundi X (NPXS): 18 November 2019 Binance Italian AMA “On November 18 at 3:00 pm CET, @binance Italian group will host AMA series with @peko0413 !”Crypto.com Coin (CRO): 18 November 2019 Exchange Closed Beta “Closed Beta starts the week of 18 Nov.”

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.Lisk (LSK): 19 November 2019 Berlin Meetup “Ahead of LiskJS2019, our partners Berlin Valley are hosting a startup industry networking event, #DigitalTalents, tomorrow. “BitMax Token (BTMX): 19 November 2019 BitMax Delisting BitMax removes BTMXP/BTC, ETH/USDC, ETH/PAX, BAT/ETH, ZEC/ETH, DASH/ETH, LAMB/ETH, ZIL/ETH, COVA/ETH, ETC/ETH, FET/ETH, LAMBS/ETH, XTZ/ETH.

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!”Aragon (ANT): 20 November 2019 Draft Proposal Deadline “Draft proposals for Aragon Network Vote #5 are due in one week, on November 20 at 16:00 UTC…”IOTA (MIOTA): 20 November 2019 Smart City Expo Wilfried Pimenta, our Director of Business Development, will be among the speakers at the AI & Blockchain Summit in the Smart City Expo Worl…Bitcoin Fast (BTCF): 20 November 2019 BTCF Snapshot Snapshot taken of BTCF holders at 8:00 am (GMT-6).Credits (CS): 20 November 2019 AMA AMA with Credits team at 15:00 UTC.

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. “NEM (XEM): 21 November 2019 SME Thought Leadership “SME Thought Leadership Series Forum #2” in Selangor, Malaysia from 8:30 AM — 2:30 PM.Stellar (XLM): 21 November 2019 NYC Meetup “Stellar Blockchain Meetup ft. FIC Network and Sam Conner’s Meridian Recap” in NYC from 6–8 PM.Waves (WAVES): 21 November 2019 Edinburgh Workshop “Next Thursday, we’re running a practical workshop on building DeFi products & designing Smart Contracts in your city!”

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. “Zenon (ZNN): 22 November 2019 Awareness Fund Payout “Distribution of the fund takes place every Friday until Pillars Lock-in Phase is completed.”

Encrypted project calendar(November 23, 2019)

Californium (CF) and 1 other: 23 November 2019 Greece Meetup “On November 23, the Greek #Cryptocurrency Community Meetup will take place in Greece!”

Encrypted project calendar(November 25, 2019)

0x (ZRX): 25 November 2019 0x V3 Proposal Live “The 0x v3 proposal was approved and will go live on Ethereum mainnet starting November 25th!”Dynamic Trading Rights (DTR): 25 November 2019 Chain Migration “On November 25 at 23:00 CET, TokensNet will make a migration of the $ELI token from Ethereum blockchain to Bitcoin Cash blockchain…”

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 29, 2019)

Zenon (ZNN): 29 November 2019 Awareness Fund Payout “Distribution of the fund takes place every Friday until Pillars Lock-in Phase is completed.”

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.”Pakcoin (PAK): 30 November 2019 Staking Mobile App Android app for staklet is going to be launched on November 30th.

Encrypted project calendar(December 1, 2019)

Auxilium (AUX): 01 December 2019 AUX Interest Distribution Monthly interest distribution by Auxilium Interest Distribution Platform for coinholders. Also supports charity.I/O Coin (IOC): 01 December 2019 Pos Reward Halving IOC block reward halving is happening on December 1st 2019.

Telegram: https://t.me/Lay126
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LinkedIn:https://www.linkedin.com/in/liu-wei-294a12176/
submitted by liuidaxmn to u/liuidaxmn [link] [comments]

r/Bitcoin recap - November 2018

Hi Bitcoiners!
I’m back with the 23rd monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in November 2018
Adoption
Development
Security
Mining
Business
Research
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
Congratulations Bitcoin on about to be 1 Million subscribers! See you next month!
submitted by SamWouters to Bitcoin [link] [comments]

Hello,I am ZG.Com

ZG.COM is a global digital asset trading platform strategically invested by BTCChina and ranks among the top 20 global exchanges. ZG is headquartered in Singapore and has offices in Korea, Japan, the United States, Taiwan and other countries and regions. ZG.COM, which is composed of top national talents in the field of financial technology, has senior experience in system security, microsecond load and financial security.
Why choose ZG.COM?
l Successful operational strategy
In the digital asset trading market, the number of investors participating depends on the quality projects of the platform, and how to choose the platform for quality projects depends on the operation mode of the platform. This is a virtuous circle in the development and growth of the market .
As the saying goes, Users are the basis of the exchange’s rapid development.ZG.COM has always attached great importance to the platform operation. Since the launch of flash sale in April, more than 200,000 users have benefited from the activity. Only when users are satisfied can ZG develop rapidly.
At present, the flash sale plan of ZG.COM has been held for 14 periods, with a total of more than 230,000 people participating, with an average of 49 times of fundraising per period and a maximum increase of 20 times. Therefore, ZG has won a good reputation and a large number of users’ support, and users gradually formed the habit of participating.
The flash sale activity of ZG.COM has attracted great attention of more than 1000 media KOL and community leaders, and has been forwarded to WeChat moments and community. The activity has been forwarded to more than 5000 WeChat groups with at least 400 people in each group, and the total number of contact has reached 2 million. Each activity will receive a lot of attention and be spread spontaneously.
2.Excellent marketing
In terms of market brand, the ZG.COM domain name cost 2,500 bitcoins, worth more than 25 billion won, which Set a record for the 2018 domain auction. The move also shows ZG.COM’s determination to become the world’s top digital asset trading platform.
In addition to the “20 cities plan”, an offline event organized by ZG.COM, ZG.COM also has hosted more than 20 major events since March. ZG.COM has also frequently participated in international summits in the industry, actively explored the market, and established profound cooperation with project teams, regional communities and media.
Moreover, ZG.COM has cooperation with top media in the blockchain industry. All projects launched on ZG.COM can obtain support in marketing and media resources, which mainly includ global blockchain media publicity and distribution, community cooperation, technical support, global activity docking and other services.
3.Massive user trust
By mid-September 2019, ZG.COM has more than 3 million registered users worldwide, including more than 800,000 real-name registered users and more than 100,000 daily active users. The volume of daily transaction has reached 300 million USDT, and the daily volume of OTC transaction has exceeded 2.6 million USDT.
4.perfect security services
ZG.COM inherited the technical team that BTCChina has been operating for eight years without security issues. From the perspective of cost, we never regret, because safety is the lifeline of our business.
Is the Korean market the main business development direction of ZG.COM?
From digital asset exchanges to applications in various industries, blockchain technology is the inevitable trend, whether you like it or not, it’s always there.
Following the trend, ZG.COM establishes close cooperation with many world-renowned blockchain companies to quickly integrate into the financial market, integrate resources and gather energy.
Upholding the strategy of “globalization layout, focus on deep market”, ZG is headquartered in Singapore and has offices in Hong Kong, Taiwan, Europe, Malaysia, Korea, Japan, the United States and other countries and regions. Developing the Korean market with mature market and excellent project teams and users is one of our strategies. We will cooperate with South Korea with the utmost sincerity and work in other countries around the world at the same time.
How does ZG.COM screen a project?
In addition to the rating standards, we will strictly screen the information provided by the project teams to eliminate the existing risks. We also provide professional risk control solutions for newly launched projects.
The blockchain and digital currency industries are still in their infancy. We will never give up any idea that has the potential to change the world, and we will also guard against risks and fraud.
What is the future of ZG.COM?
ZG.COM is more than just an exchange. By choosing ZG.COM, you are entering a huge global community. The vision of ZG.COM is to serve 50 million users in 100 countries by 2025, making it easy for everyone to trade digital assets.
For us, the top 20 in the world is just the beginning. As more and more people around the world recognize and enter the blockchain industry, ZG.COM will be a self-financing and self-regulated digital asset financial community in the future, so ZG has infinite imagination space.
submitted by zgexchange to u/zgexchange [link] [comments]

Stellar Lumens HODL alert: 2017 Round up, Partnerships, Lumens vs. Other Cryptos

Welcome everyone! The future of Stellar Lumens is bright! Today we will look at the accomplishments of Stellar.org in 2017.
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2017 Round Up
IBM / Stellar Partnership
• Kik Messenger’s KIN coin to move from Ethereum to Stellar in 2018
• Stellar ATM introduced in Singapore
• Jed McCaleb confirms IBM/Stellar has 30 banks on board (Youtube Video)
Lightyear.io enables forward thinking financial entities to easily join the Stellar ecosystem.
• IBM adds 8 new validators from 8 different countries onto the Stellar network (article)
Forbes calls Stellar “venmo, but on a global scale - and for larger bodies like banks and corporations.”
• Stellar Lumens Is Up 6,300% Since March and Is Aiming for Big Blockchain Partners (article)
• Many new partnerships (listed below) that will be using the Stellar network in 2018.
Binance and GoPax Exchanges Adds Stellar
Ledger Nano S support is now available for Lumens (XLM)
• The next coin to break into the top 10 cryptos (article)
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2017 Partnerships & Financial Institutions
IBM - is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries. IBM partnered with Stellar to help financial institutions address the processes of universal cross-border payments, designed to reduce the settlement time and lower the cost of completing global payments for businesses and consumers.
SatoshiPay - a web payment system that helps online publishers monetize digital assets like news articles, videos, or PDFs in tiny increments without friction.
EXCH.ONE - is a FinTech software company based in Switzerland currently working to integrate its platform and its first technology adopter Euro Exchange Securities UK Ltd. into the Stellar network. This addition to the Stellar network will bring access to currency markets of South and Central America,UK and a number of EU countries.
Novati (ASX:NOV) - is an Australian-based software technology and payment services provider. Novatti is currently working to integrate it’s platform into the Stellar network with the ultimate aim to build a global money transfer solution to provide cross border, cross currency and cross asset payments.
Pundi X - is an Indonesia based fintech company that provides POS device, debit card, multi-currency wallet that empowers individuals to buy and sell cryptocurrency at any physical store in the world. They say "buying cryptocurrency should be as easy as buying a bottled water."
MoneyMatch - is a Malaysia based fintech startup that provides a fully-digital peer-to-peer currency exchange platform for customers to transfer and exchange foreign currencies with complete ease and at great value. The company plans to integrate with the Stellar network and enable pay in and pay out from Malaysia.
Streami - is a Korea based fintech company that offers blockchain enabled cross-border remittance service and recently launched a cryptocurrency exchange. The partnership extends both on the exchange side and remittance operations.
Neoframe - is developing and marketing trading solutions for big brokerage firms in Korea and extends its business to blockchain based applications. Neoframe developed high performance centralized cryptocurrency exchange as well as secure wallet solutions and is working with big financial players. The company is planning to launch a remittance business for ASEAN countries (Thailand, Vietnam, Indonesia, Malaysia, Philippines, Singapore, Myanmar (Burma), Cambodia, Laos, Brunei) using Stellar.
SureRemit($RMT) - is a Nigeria based global non-cash remittances company. SureRemit leverages the Stellar blockchain platform to connect immigrants abroad directly with merchants that provide the services needed by their loved ones back home. With Remit tokens, immigrants all over the world can access digital shopping vouchers that can be spent on goods and services at accepting merchants wherever they are.
Cowrie Integrated Systems - is a Nigerian based Value Added Service Provider. Cowrie provides services at the intersection between telecoms and finance. Cowrie recently joined the Stellar network to bring novel fintech services to the African market.
Smartlands - is a Stellar-based platform designed to create a new class of low-risk tokens, secured by real, profitable assets in the real-world economy. Smartlands is designed to promote investments in the agricultural sector by allowing investment in individual projects, agricultural companies or indexes of groups of projects. These investments will be fully collateralized by agricultural real estate, other productive assets such as fruit or nut trees or, in some cases, the actual crop.
Klick-Ex - is an award winning regional cross-border payments system delivering financial infrastructure for emerging markets. It has been responsible for dramatic uptake in digital financial services in unbanked regions of the world, and lowering costs for banks, central banks and consumers in low liquidity currencies. Its key presence is in the Pacific and Europe, and it is a founding member of www.APFII.org processing more than 775,000 transactions per second, per billion of population (source).
Mobius - Mobius connects any app, device, and data stream to the blockchain ecosystem. Our simple and easy to use bidirectional API allows non-blockchain developers to easily connect resources to smart contracts and more. The Mobius MVP acts like Stripe for Blockchain by introducing innovative standards for cross-blockchain login, payment, smart contract management, and oracles. The Mobius Team includes David Gobaud, Jed McCaleb (Stellar.org founder), Jackson Palmer (creator of Dogecoin), and Chandler Guo (notorious Bitcoin & blockchain investor).
Chaineum - Chaineum, the first French ICO Boutique, will use the Stellar network for upcoming ICOs. “Chaineum is positioned as the first “ICO Boutique” in France, providing a range of end-to-end services to companies and international start-ups wishing to develop with this new funding mechanism. Chaineum is preparing 8 ICOs by the end of 2017, for European, North American and Asian companies, of which cumulative amount could reach € 200 million." (source)
Poseidon Foundation - Poseidon will simplify the carbon credit market with the creation of an ecosystem built on Stellar.org’s blockchain technology. This technology will prevent double counting of carbon and will be consistent across jurisdictions, making it easier for companies to deliver and measure progress towards their climate targets or other goals such as deforestation-free commitments.
Remitr - Remitr is a global platform for cross border payments, licensed in Canada. Remitr uses the Stellar network for international settlements for businesses as well as other payment partners. Remitr’s own payout network of 63 countries, comprising several currencies, is extended onto the Stellar network.
MSewa Software Solution (MSS) - MSewa Software Solution (MSS) Payments provides a one-stop digital payment service available across the Globe. MSS Payments aims at serving the consumers (Banked, Unbanked and Underbanked) with mobile banking facilities on the move from anywhere by transferring funds in their mobile phone.
PesaChoice - PesaChoice is a leader in international bill payment services for the African diaspora. PesaChoice aims at making international bill payment process easy, seamless, secure, with reasonable and competitive service fees, and up to date technological advances.
SendX - Singapore based SendX, in partnership with Stellar, is the better way to move money worldwide. The SendX team believes that the future of transactions is decentralized and distributed, bringing true equity to everyone across the value chain.
VoguePay - VoguePay, with offices in the United Kingdom and Nigeria, is partnering with Stellar to become the cheapest and most efficient way to send money between the United Kingdom and Nigeria. In the coming months, they expect to expand this service to other selected African countries.
HashCash - Hashcash consultants build financial solutions for banks and financial institutions over blockchain. We leverage the Stellar platform to build products that vastly improve the remittance and payments experience for banks and their customers. Transfers happen lightning fast at a fraction of current rates and operational cost is significantly reduced. HashCash is headquartered in India, with operations across South Asia and the Gulf.
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Stellar Lumens vs Other Cryptocurrencies
Lumens vs. Bitcoin: Jed McCaleb spoke at Distributed Markets in 2017 about the advantages, but more importantly, the disadvantages of Bitcoin. Listen to the talk here. Jed said, “Bitcoin is this awesome innovation. The first thing it does is converts a real world resource, electricity, into a digital asset. So it takes something from the real world and puts it into the digital realm. The second thing it does is provides immutable public record. It’s basically a database that everyone can see but no one change arbitrarily… That’s great, Bitcoin solves the double spin problem [ of proving possession and transmitting volume]… [However, to fix the problems of bitcoin] you might think well maybe we’ll just kind of keep adding [software] to Bitcoin until we get there, but that’s not really the way software works. You want to have the design from the beginning and solve these simple issues. Bitcoin was designed to be a new currency, it wasn’t really designed to be this unifying universal payment network. So that’s what Stellar does. It solves these three remaining issues.”
Lumens vs. Bitcoin #2: According to wired.com, "Bitcoin mining guzzles energy - and it's carbon footprint just keeps growing." Wired says "Today, each bitcoin transaction requires the same amount of energy used to power nine homes in the US for one day... The total energy use of this web of hardware is huge—an estimated 31 terawatt-hours per year. More than 150 individual countries in the world consume less energy annually. And that power-hungry network is currently increasing its energy use every day by about 450 gigawatt-hours, roughly the same amount of electricity the entire country of Haiti uses in a year." Because Stellar is based on a consensus algorithm rather than mining, it takes much less energy to run the Stellar network. The Poseidon Foundation decided to build their platform on Stellar rather than Ethereum or Bitcoin because of this (twitter source).
Lumens ICO tokens vs. Ethereum ICO tokens: According to Stellar.org, "traditionally, ICO tokens have been issued on the Ethereum network in the form of ERC20 tokens. ERC20 tokens are easy to issue and are infinitely customizable using Ethereum’s smart contracting language. However, recent events have highlighted and exacerbated some weaknesses of the network, including slow transaction processing times for the network during ICOs and increasingly expensive gas prices (by fiat standards) for transactions and smart contract execution. Moreover, many organizations require only basic tokens; they adopt the risk of Ethereum’s Turing complete programming language without taking advantage of many of its benefits."
"While Ethereum has the most expressive programming capabilities, we believe Stellar is the best choice for ICOs that do not require complex smart contracts. Stellar’s primary goal is to facilitate issuing and trading tokens, especially those tied to legal commitments by known organizations, such as claims on real-world assets or fiat currency."
Stellar vs. Ethereum #2: The median transaction time on Stellar is 5 seconds, compared to approximately 3.5 minutes on Ethereum (source). Stellar has a negligible transaction fee (.00001 XLM ~= $0.0000002) with no gas fee for computation, while depending on the complexity of the computation, the median cost for a transfer on the Ethereum network is $0.094. Security: While both Stellar and Ethereum run on a decentralized network, the Stellar network has fewer security pitfalls. Stellar uses atomic transactions comprised of simple, declarative operations while Ethereum uses turing complete programming capabilities which produces less auditable code and greater risk of exploitable vulnerabilities (source). Recently, a security flaw in the Ethereum network froze millions of dollars. According to Mobius ariticle written by David Gobaud, "On November 6, 2017, Github user deveps199 'accidentally' triggered a bug in Parity, a popular Ethereum mult-sig wallet, that froze more than $152 million in Ether across 151 addresses. The bug impacted several token sales including Polkadot, which has had ~$98 million out of its recent $145 million sale frozen."
"Mobius had none of its ongoing pre-sale Ether frozen because we do not trust Ethereum’s Smart Contract based multi-sig wallets given the vast Turing complete attack surface and did not use one. Security broadly is one of the main reasons the MOBI token that powers the DApp Store is a Stellar Protocol token and not an Ethereum token."
Lumens vs. Ripple: According to Wall Street Bitcoin Exchange, "Many investors like to compare the company [Stellar] to Ripple, and there are a lot of similarities, being that some of the founders worked on the Ripple team. In what can now be looked at as another blockchain development drama that plays out on chat boards and in interviews all across the globe. Stellar declared they fixed Ripple’s problems with their hard fork, however, Ripple has failed to admit to any of the flaws in its design that the Stellar team has pointed out." The article concludes by saying, "We Choose XLM Over XRP For 2018. That is why we are going with Stellar Lumens over Ripple in our portfolio for the rest of 2017 and 2018. After holding Ripple for a long time this year, it just never seems to make the big break like other names with bigger market caps like Bitcoin Cash, Dash, and Litecoin have. While we are holding on most all our larger market caps, we feel that Stellar Lumens will be one of the break out coins for 2018."
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Conclusion
The stellar.org team is doing an amazing job making partnerships and pioneering the use of blockchain technology for various types of transactions. What we are seeing is a new technology that can actually be used to solve real-world problems. As a community, we need to continue supporting Stellar and we will quickly see it power transactions across the world. What are your thoughts about Stellar? What do you see in the future of Stellar? Any important news you want to share? Comment below.
submitted by chargingerman to Stellar [link] [comments]

Jewish Intelligence 029: AJM Taiwan Salon will be held smoothly!

Jewish Intelligence 029: AJM Taiwan Salon will be held smoothly!


https://preview.redd.it/ph48j6on4sv31.png?width=315&format=png&auto=webp&s=6a261ba4424f4bf265d624255b7c03b430e1eb77
News internal reference:
1. AJM Taiwan Salon will be held smoothly!
According to official sources, the AJM Taiwan Salon, hosted by the WBCC Global Blockchain Alliance, was successfully held in Taiwan on October 20. Guests attending the event included the gold medal instructor in the blockchain industry in Malaysia, the KOL in the blockchain industry, the entrepreneurs of quality projects, the media and core users of the AJM Southeast Asia community. The salon theme revolves around AJM's fourth-generation blockchain technology, smart contract development, and landing ecological applications. It aims to explore and seek to promote the sustainable development of the blockchain digital economy.
2. Facebook said that Libra plans to use cryptocurrencies based on its own currency, such as the US dollar, rather than the initial package of currencies. Calibra CEO David Marcus said that in addition to a stable currency based on a basket of currencies, a series of single currency stable coins can be created.
3. French Finance Minister Bruno Le Maire said that Libra may bring financial risks to the EU.
4. The CEO of Calibra stated that Libra will not be controlled by a company and the Libra Association welcomes competition.
5. Blockchain company HashCash is working with the UAE based global bank to launch a blockchain-based commercial loan solution.
6. Decentralized game platform sandbox launches Japanese version, allowing users to create NFT assets
7, Bitcoin core developers: French currency is not a real property
8. Vice Governor of Hebei Province: Xiong'an New District will build technical applications such as personal and institutional credit accounts based on blockchain technology in the future.
Market analysis:

https://preview.redd.it/0fleebxo4sv31.png?width=556&format=png&auto=webp&s=010bb0f33c9b27fa670fe57bcd40a9338989d996
AJM rebounded to ease the volatility trend and continue to be bullish in the medium and long term
Judging from the data of a lot of coins, AJM has been oscillating, and the amplitude is getting smaller and smaller, and there is an upward trend in the short term.
From a technical point of view, AJM has full support at the bottom. Brin has signs of small opening. Although the volume can be reduced, the market has not changed. The price in the general direction has gradually strengthened. For medium and long-term investors, as long as The price has not fallen below the trend line below, and it is still dominated by the currency.

https://preview.redd.it/cfw060wp4sv31.png?width=494&format=png&auto=webp&s=0f4c4cc05ff78b71179aa5af6346f39350469082
BTC has been slightly affected by the news, and the volume is still shrinking. The longer the sideways time here, the worse it is for the market, because it will form a certain set of plates, and then think again. It is difficult to pass this interval, or to maintain the previous point of view. At present, it is still a range of volatility. The 5-week line has been basically completed. Now I don’t see any tendency to stand back to the 5-week line. I personally think that no matter which one. In terms of the target, the target does not have the expectation of a sharp rebound. It is still oscillating near the lower shadow line. The long and short sides have not yet won the match, but they have already tested the support of $7,700 four times. If this time, the point will be lowered again. If it is, it is likely to fall below the support of this point. Personally, the next support is expected to be around $6,800-6,900. If the target regains its 5-week line and the 5-week line turns upwards, the conclusion is not valid.
End of the article:
There are mountains that can't go to the top
Only people who can't find a way
The trend is right for everything. I believe that we need to persist and persist in gaining. The strategy of trading is not static, people who understand do not need to explain, and those who need explanation should be patient.
Ajm telegraph group address:
Https://t.me/ajmofficial_global

https://preview.redd.it/na4r0a9r4sv31.png?width=625&format=png&auto=webp&s=56ca065a504bae142aa96aa31dc709542677c787
submitted by gswt to u/gswt [link] [comments]

Localbitcoins Volume Analysis Shows Countries Where Fiat is Hyperinflationary, Bitcoin Gaining Traction

Localbitcoins Volume Analysis Shows Countries Where Fiat is Hyperinflationary, Bitcoin Gaining Traction

https://preview.redd.it/56tmi00dnn621.png?width=690&format=png&auto=webp&s=491b244f26c753ded60486a31f532c434bd1587f
https://cryptoiq.co/localbitcoins-volume-analysis-shows-countries-where-fiat-is-hyperinflationary-bitcoin-gaining-traction/
Localbitcoins is the longest running and most popular peer to peer Bitcoin exchange in the world, with trading volume increasing from less than $100,000 per week in 2012 to over $50 million per week currently.
On Localbitcoins, buyers and sellers complete deals directly with each other, using the full spectrum of fiat payment methods, ranging from bank transfers to gift cards.
Here, we’ll discuss countries with rapidly increasing Localbitcoins trading volume. These are usually countries undergoing a fiat inflation crisis or countries which have enacted severe regulations on Bitcoin trading leaving peer to peer trading as the only option.
It is good to first look at Localbitcoins trading volume in the United States before identifying countries without of the ordinary volume trends. Bitcoin is legal in the United States, and the United States perhaps has the lowest fiat inflation rate in the world at 2-3 percent since the USD is the underpinning of the global fiat currency system. The trading volume on Localbitcoins in the United States gradually increased to $10 million per week during the peak of the December 2017 Bitcoin rally and has since then leveled off to $6 million per week.
Countries with relatively stable fiat currencies follow this trend of an all-time volume high during the peak of the 2017 Bitcoin rally, followed by a gradual decline during the 2018 bear market. This includes Australia, Canada, the European Union, Hong Kong, Malaysia, New Zealand, Singapore, Switzerland, and the United Kingdom.
South America Seeing Rapid Increase in Peer to Peer Bitcoin Trading
South American countries that where people use Localbitcoins are seeing rapidly increasing volume throughout 2018 despite the bear market, and this appears to be due to a continent-wide fiat inflation crisis.
In Argentina, Localbitcoins trading volume has rallied from ARS 1 million to ARS 9 million since the beginning of 2017. The Argentinian Peso (ARS) has simultaneously experienced 140 percent inflation relative to the USD. The hyperinflation of the ARS itself does not yield the 9X increase in Localbitcoins trading volume, so clearly, the actual amount of peer to peer Bitcoin trading in Argentina is also rapidly increasing thanks to fiat hyperinflation.
Venezuela is experiencing the most well-known hyperinflation crisis in the world right now, with the inflation rate in excess of 400,000 percent according to the Cafe Con Leche Index, and a total collapse of the Sovereign Bolivar (VES) seeming imminent.
Localbitcoins trading volume in Venezuela is exponentially increasing, from VES 8,000 at the beginning of 2017 to VES 3.8 billion currently. It is likely that a large part of this volume rally can be explained by cryptocurrency adoption proliferating across Venezuela, as its citizens move their money into cryptocurrency in order to protect themselves against catastrophic hyperinflationary conditions. The Localbitcoins trading volume in Venezuela in terms of Bitcoin confirms this, with volume increasing from 274 Bitcoins at the beginning of 2017 to 1,743 Bitcoins currently.
Chile is also seeing a steady rise in Localbitcoins trading volume in terms of the native fiat currency the Chilean Peso (CLP). During the peak of the 2017 Bitcoin rally volume reached CLP 213 million per week, and in November 2018 trading volume was as high as CLP 243 million. Since April 2018 the CLP has had 19 percent inflation relative to the USD. In 2016 and 2017, the CLP was actually strengthening relative to the USD, so the inflation trend in Chile is relatively new.
Colombia has seen Localbitcoins trading volume rapidly increase from COP 230 million at the beginning of 2017 to COP 8.13 billion per week in November 2018. Simultaneously, there has been 13 percent inflation of the Colombian Peso (COP) relative to the USD since the beginning of 2017.
Actual Bitcoin volume has surged from less than 100 Bitcoins per week at the beginning of 2018 to more than 650 currently. Since Colombia is the next-door neighbor of Venezuela, perhaps this surge in Localbitcoins volume has something to do with Venezuelans obtaining the Bitcoins they need in Colombia.
In Peru, Localbitcoins weekly trading volume has steadily increased from PEN 60,000 at the beginning of 2017 to as high as PEN 3.145 million in November 2018. Simultaneously, Bitcoin volume has surged from less than 20 Bitcoins per week to 236 Bitcoins. The Peruvian Sol (PEN) has seen 10 percent inflation relative to the USD during 2018.
Overall, it is clear that fiat inflation in South America is not confined to Venezuela. Argentina, Chile, Colombia, and Peru are also experiencing fiat inflation and a major uptick in Bitcoin adoption. Thanks to this, it appears that South America will be a hotspot for cryptocurrency adoption in the coming years.
India Peer to Peer Bitcoin Trading Surges Due to Ban of Centralized Exchanges
The Indian Rupee (INR) has had 11 percent inflation relative to the USD since the beginning of 2018. The bigger story in India regarding Bitcoin is that the Reserve Bank of India has banned the use of bank accounts for Bitcoin activity, which has effectively banned centralized Bitcoin exchanges. This has caused a steady increase in peer to peer Bitcoin trading on Localbitcoins, which is still legal, from INR 48 million per week in May 2018 to as high as INR 122 million during November. There is some speculation that India will make Bitcoin completely illegal like its neighbor Pakistan.
Iran Sanctions Cause Peer to Peer Bitcoin Trading to Spike
Crippling international sanctions on Iran were announced in September 2018 and implemented by November in response to Iran breaking its nuclear treaty. The Iranian Rial (IRR) experienced 430 percent inflation relative to the USD, going from IRR 36,000 per USD at the beginning of 2018 to IRR 190,000 per USD by September. However, the Supreme Leader Ayatollah Ali Khamenei ordered that everything must be done to strengthen the IRR, and the free market ended at that point. Currency traders have been executed, making the living ones scared to bid the IRR lower, and Bitcoin has been made illegal to prevent outflows of capital. Localbitcoins trading volume spiked during the September 2018 hyperinflation crisis but is currently falling quickly due to the risks associated with trading Bitcoin in Iran.
Russia and Kazakhstan Have Rising Bitcoin Trading as Fiats Experience Inflation
Russia certainly had a trading volume spike on Localbitcoins during the peak of the 2017 Bitcoin rally, but in general, volume is consistently rising from Russian Ruble (RUB) 750 million per week in April 2018 to RUB 1 billion per week currently. This coincides with 21 percent inflation of the RUB relative to the USD during the same period of time.
Russia’s neighbor to the south, and former part of the Union of Soviet Socialist Republics, Kazakhstan, is also seeing consistently high Localbitcoins trading volume during 2018. The Kazakhstani Tenge (KZT) has seen 17 percent inflation since April 2018 relative to the USD.
Localbitcoins trading volume data shows that peer to peer Bitcoin trading is increasing worldwide in several countries even during the 2018 Bitcoin bear market, and this is often associated with fiat hyperinflation.
In general, it is thought that if hyperinflation were to become a problem in the United States and the European Union, Bitcoin would have a chance to become the primary global currency. The hyperinflation crisis being observed in several countries worldwide provides a glimpse of what the transition from fiat to Bitcoin may look like. In some countries there is a ‘smooth’ transition, with Bitcoin volume rising as fiat collapses, while other countries experience a rough transition in which Bitcoin is made illegal, making it hard to measure Bitcoin adoption on the ground.
submitted by turtlecane to CryptoCurrency [link] [comments]

Jewish Intelligence 029: AJM Taiwan Salon will be held smoothly!

Jewish Intelligence 029: AJM Taiwan Salon will be held smoothly!


https://preview.redd.it/wu90xfd70ut31.png?width=315&format=png&auto=webp&s=b67a307d6e6868d387ea461f942ac7fad30c6f3b
News internal reference:
1. AJM Taiwan Salon will be held smoothly!
According to official sources, the AJM Taiwan Salon, hosted by the WBCC Global Blockchain Alliance, was successfully held in Taiwan on October 20. Guests attending the event included the gold medal instructor in the blockchain industry in Malaysia, the KOL in the blockchain industry, the entrepreneurs of quality projects, the media and core users of the AJM Southeast Asia community. The salon theme revolves around AJM's fourth-generation blockchain technology, smart contract development, and landing ecological applications. It aims to explore and seek to promote the sustainable development of the blockchain digital economy.
2. Facebook said that Libra plans to use cryptocurrencies based on its own currency, such as the US dollar, rather than the initial package of currencies. Calibra CEO David Marcus said that in addition to a stable currency based on a basket of currencies, a series of single currency stable coins can be created.
3. French Finance Minister Bruno Le Maire said that Libra may bring financial risks to the EU.
4. The CEO of Calibra stated that Libra will not be controlled by a company and the Libra Association welcomes competition.
5. Blockchain company HashCash is working with the UAE based global bank to launch a blockchain-based commercial loan solution.
6. Decentralized game platform sandbox launches Japanese version, allowing users to create NFT assets
7, Bitcoin core developers: French currency is not a real property
8. Vice Governor of Hebei Province: Xiong'an New District will build technical applications such as personal and institutional credit accounts based on blockchain technology in the future.
Market analysis:

https://preview.redd.it/33kptmn80ut31.png?width=556&format=png&auto=webp&s=36d02d6cb743be6d5243b0a576bff50feaad1095
AJM rebounded to ease the volatility trend and continue to be bullish in the medium and long term
Judging from the data of a lot of coins, AJM has been oscillating, and the amplitude is getting smaller and smaller, and there is an upward trend in the short term.
From a technical point of view, AJM has full support at the bottom. Brin has signs of small opening. Although the volume can be reduced, the market has not changed. The price in the general direction has gradually strengthened. For medium and long-term investors, as long as The price has not fallen below the trend line below, and it is still dominated by the currency.

https://preview.redd.it/orzwjx6a0ut31.png?width=494&format=png&auto=webp&s=916be578e7a77c34a32cfa5a95cf6cef8ed8dd7c
BTC has been slightly affected by the news, and the volume is still shrinking. The longer the sideways time here, the worse it is for the market, because it will form a certain set of plates, and then think again. It is difficult to pass this interval, or to maintain the previous point of view. At present, it is still a range of volatility. The 5-week line has been basically completed. Now I don’t see any tendency to stand back to the 5-week line. I personally think that no matter which one. In terms of the target, the target does not have the expectation of a sharp rebound. It is still oscillating near the lower shadow line. The long and short sides have not yet won the match, but they have already tested the support of $7,700 four times. If this time, the point will be lowered again. If it is, it is likely to fall below the support of this point. Personally, the next support is expected to be around $6,800-6,900. If the target regains its 5-week line and the 5-week line turns upwards, the conclusion is not valid.
End of the article:
There are mountains that can't go to the top
Only people who can't find a way
The trend is right for everything. I believe that we need to persist and persist in gaining. The strategy of trading is not static, people who understand do not need to explain, and those who need explanation should be patient.
Ajm telegraph group address:
Https://t.me/ajmofficial_global

https://preview.redd.it/o1iqlnhb0ut31.png?width=625&format=png&auto=webp&s=f2019d859f8ec1e982fc6532ea10d5858a3d781c
submitted by gswt to u/gswt [link] [comments]

Bitcoin Not Accepted: Burger King’s Crypto Foray Short-Lived

Bitcoin Not Accepted: Burger King’s Crypto Foray Short-Lived

News by Cointelegraph: Julia Magas
The German branch of Burger King has begun accepting Bitcoin (BTC) on its website and mobile app, as reported by Cointelegraph on Sept. 3. But has the initiative increased consumer demand for the company’s fast food, and is it really possible to buy the popular Whopper burger with Bitcoin? What difficulties has the restaurant faced in its three years of cryptocurrency experience?

Whoppers for Bitcoins

Burger King was one of the first international fast-food chains to accept Bitcoin as a means of payment. For the first time, visitors were reportedly able to buy burgers with crypto back in 2016 when the Netherlands branch of Burger King started accepting Bitcoin, with the first restaurant offering burgers to crypto holders located in Bitcoin-friendly Arnhem. The announcement was made by the first Bitcoin embassy on Feb. 18, 2016.
The Burger King Arnhem branch also announced that any customer who pays in Bitcoin will get a second Whopper for free and that the restaurant will host special meetups for those interested in digital currencies.
However, on May 31, the Arnhem Bitcoinstad representatives announced that local Burger King restaurants have stopped accepting Bitcoin and the digital currency payment initiative was just a temporary promotional campaign:
“Unfortunately, Burger King no longer accepts bitcoins after 31 May. So you only have a chance this month to take advantage of their offer! If you pay Whopper with bitcoins, you will receive a second Whopper for free!”

You can’t use or trade WhopperCoin

Since that time, crypto burgers have reached Russia. Burger King Russia announced a new payment method and even released a WhopperCoin loyalty bonus. But has anyone heard anything about Bitcoin and Burger King since then? Hardly.
On Aug. 25, 2017, 1 billion WhopperCoins (WHO) were issued using the Waves blockchain. The new cryptocurrency was intended for buying Whoppers or other burgers and sides. In particular, the company promised a free flagship Whopper to any customer who accumulates 1,700 coins.
At the same time, Burger King Russia actively promoted its cryptocurrency, and the translated statement claims that “eating Whoppers today makes for a financially prosperous tomorrow.” One can find out whether WHO holders have gained financial success by looking at the trading charts on the YoBit exchange. To date, YoBit is the only exchange on which WHO is listed, although WHO-BTC trading volumes stand at zero.
It’s not so easy to find a Russian Burger King restaurant where Bitcoin payments are accepted, nor is it possible to make an online order using crypto. This may be caused by the active interference of Russian authorities in the local franchise’s activities. Specifically, the Moscow prosecutor’s office repeatedly summoned representatives of Burger King Russia to explain the operation of WhopperCoins and confirm that the company hadn’t issued its tokens for general use, reminding them about the illegal nature of cryptocurrency operations in Russia.

“Wir akzeptieren Bitcoin”

After two years of silence, the Burger King-Bitcoin tandem reappeared in the media, with the German division’s announcement that it will now accept Bitcoin payments on its delivery site and mobile app. The news and subsequent user discussion quickly spread across the internet:
“BREAKING: Burger King in Germany now accepts Bitcoin in their app!\ “Every day more than 11 million guests visit Burger King restaurants around the world. It’s the second largest fast food burger place in the world. “BTC accepted here, BTC accepted there, BTC accepted everywhere!”
To increase the volume of its retail sales, Burger King has created a mobile application. It was reported that San Diego’s Tillster, which seeks to adapt to the ever-growing customer base of a restaurant chain and the requirements for a well-scalable payment system, has become a partner in its creation. Perse Faily, CEO of Tillster, said:
“For consumers, they are able to utilize a convenient easy way to pay for their goods and opt-in to additional services that brands are developing, […] such as loyalty programs, exclusive coupons and other engagement tools.”
Notably, Burger King chose to remain silent about the new payment method, while a more detailed study showed that its restaurants have nothing to do with Bitcoin, although its partner does.
So, can a burger be bought for BTC at a Burger King in Germany? Yes, but not in its brick-and-mortar restaurants. One can pay with Bitcoins and Bitcoin Cash (BCH) by ordering delivery online through the Lieferservice delivery service, which works with restaurants throughout the country. In other words, it’s akin to Apple announcing that AirPods have become available for purchasing online, but were actually sold on Amazon. As it appears, this is not Burger King’s own initiative.

At the same time, Burger King Lieferservice redirects users to BitPay upon ordering products, which, in turn, generates a QR code for payment in Bitcoin or Bitcoin Cash.

Where can I really pay with Bitcoin?

Judging by interactive Coinmap statistics, the number of offline venues accepting Bitcoin today exceeds 15,400. From time to time, information appears on the internet that visitors of one establishment or another can pay with cryptocurrency. In May, United States-based payment service Flexa enabled Starbucks and 14 other retailers to handle Bitcoin transactions. In July, Singapore’s food chain KOPItech installed special stall-specific kiosks for customers to order food using cryptocurrencies. But does any of this really work?
With Bitcoin, Ether (ETH), Litecoin (LTC) or Dash, one can buy burgers, street food, coffee, pizza, or sushi in the U.S., Australia, the United Kingdom, Russia, Canada, Japan, Malaysia and even Kenya. In the Estonian capital of Tallinn, the convenience of cryptocurrencies was much appreciated by coffee houses — clientele can pay with crypto at 10 venues. A cryptocurrency wallet can be used to buy pastries at Dublin’s Krust Bakery and sweets at Rom’s Steccolecco. Meanwhile, cryptocurrency payments are accepted at 94 restaurants to date in the U.S., according to BitcoinRestaurants.net.
In most cases, small, private venues or local franchises of large chains are the ones taking the initiative. As for the latter, the idea of ​​using cryptocurrencies as payment has usually come from a local restaurant owner and is an advertisement in nature. A popular example is when the Canadian branch of another fast-food giant, KFC, announced a temporary promotional campaign on Jan. 11, 2018 that included BTC payments. The restaurant owners decided to support the popularity of cryptocurrencies by adding “Bitcoin Basket” to the menu — i.e., a bucket of chicken wings.
A competitor of KFC, Subway, has also been reportedly attempting to set up Bitcoin payments to attract customers. Emily Rossi from Ruder Finn, a PR agency claiming to work with Burger King, noted that, as a rule, such promotions are temporary:
“It seems that the one restaurant that was accepting bitcoin may no longer be accepting it. Again, though, it varies by restaurant since each is independently owned and operated, so it’s up to each franchisee, not headquarters.”

How to pay with Bitcoins?

In most cases, restaurants and cafes use a QR code to receive cryptocurrencies, and the role of processing is assigned to operators such as BitPay and Coincheck. Meanwhile, developing countries often resort to local mobile applications that are developed to order.
By scanning the QR code, customers are able to transfer money from their cryptocurrency wallets to the ones belonging to venues. Transaction records are permanently stored on the blockchain, while account information remains private.
Atila Ajdinovski, the owner of a Bitcoin-friendly restaurant in North Jersey, claimed that using cryptocurrency as a form of payment could be more secure than paying with a credit card:
“When they have your credit card, they have the expiration date. They have all the codes. They can turn around and rob your credit card without you knowing.”

Problems

Despite prohibitive cryptocurrency laws, many venues are forced to come up with backdoors. One of these is converting client funds into fiat money, while conducting internal accounting in the traditional currency. Many restaurants try to circumvent the law by calling their cryptocurrency “loyalty bonuses,” like Russia’s Burger King and Lavka-Lavka, a farm-to-table restaurant chain. The owners of both establishments have repeatedly attracted the attention of authorities and even dealt with lawsuits.
Another problem faced by cafes wishing to accept cryptocurrency is the lack of widespread use of digital money. This question is especially relevant in developing countries. The venues have found a solution by installing crypto machines that exchange fiat for BTC, allowing everyone who wants to try something new but lacks cryptocurrencies to use the machine. Such an initiative was introduced in Prague, a unique project of a cafe and coworking center where payment is made exclusively with digital currency.
That being said, when a restaurant doesn’t pay for the transaction fee, the client may encounter paying a rather high one in some cases. A customer of a Ukrainian restaurant paid around 21% for processing the payment, sharing his negative experience on the internet:

Good for promotion, but premature for large-scale use

Most often, Bitcoin is accepted by small local cafes or family restaurants. Many representatives of large chains are testing this feature in individual venues, but are not introducing it at a large scale. Some news regarding BTC acceptance can simply be attributed to PR campaign and a desire to make the headlines of the media amid the growing popularity of cryptocurrencies.
In many respects, the reasons for the slow development of cryptocurrencies in the food and beverage industry are related to regulatory issues and ambiguity around the legal status of digital money, as well as consumer distrust in a new form of payment.
Meanwhile, the prevalence of progressive Bitcoin-friendly cities like Arnhem, where locals pay with cryptocurrency as often as with bank cards, are indicative of a future cashless society.
submitted by GTE_IO to u/GTE_IO [link] [comments]

Bitcoin Trading Volume Data for August, Uniswap ... 3 Simple Tips to Improve your Trading How to Trade #Crypto Currency with #Bittrex in 2018 - Beginner Guide (Malaysia - Singapore Version) Bitcoin Trading (Free Course) Lesson 5: Momentum and Volume Trading with the Volume Profile (Advanced)

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Bitcoin Trading Volume Data for August, Uniswap ...

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