Iran Continues to Develop State Cryptocurrency Despite Central Bank Ban

Iran Continues to Develop State Cryptocurrency Despite Central Bank Ban

Iran has been developing its own cryptocurrency, a project which has yielded an experimental local crypto, despite the country’s central bank banning banks from dealing with cryptocurrencies. Iran’s Information and Communications Technology Minister has shed light on the project, commented on its alleged use to evade sanctions, and clarified the central bank’s action.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Iran’s Crypto Project

Iran Continues to Develop State Cryptocurrency Despite Central Bank Ban
Mohammad Javad Azari-Jahromi.

Iran’s Information and Communications Technology (ICT) Minister, Mohammad Javad Azari-Jahromi, revealed on Saturday that “Iran has developed an experimental local cryptocurrency,” Reuters reported him saying. “Last week, at a joint meeting to review the progress of the (local cryptocurrency) project, it was announced that the experimental model was ready.”

His statement follows the ban by the Central Bank of Iran (CBI), prohibiting banks and financial institutions from dealing with cryptocurrencies such as bitcoin. The minister clarified that the ban will not affect Iran’s cryptocurrency efforts. The news outlet conveyed:

Iran cryptocurrency project [is] on track despite cenbank ban.

Iran Continues to Develop State Cryptocurrency Despite Central Bank Ban
Iran’s central bank.

Azari-Jahromi is the country’s youngest minister and is known as an innovator. He tweeted in February that Post Bank of Iran, a subsidiary of his ministry that has 400 branches and 14,500 offices across the country, had been working with local experts on an experimental cryptocurrency model that would be presented to the country’s banks for review and approval.

The research department of the ICT Ministry and the monetary and financial research institute of the central bank have been collaborating in order to examine and create the legal framework for fintech, Eranico publication reported Azari-Jahromi explaining. He further noted, “To date the results of this cooperation is good and the pilot sample is being implemented,” adding that “The virtual national currency would be backed up.”

Significant Impact

The ICT Mister was quoted by the news outlet:

I believe that cryptocurrencies can have a significant impact on the country’s financial exchange model…However, first of all, research needs to be done in order to introduce this technology to the authorities.

Iran Continues to Develop State Cryptocurrency Despite Central Bank BanHe also commented on foreign media’s reporting of Iran developing national cryptocurrency to circumvent sanctions. Citing “Decentralization and lack of supervision of any financial regulatory institution on virtual currencies, including the characteristics of digital currency,” he said, “All cryptocurrencies have the ability to circumvent sanctions because they are not under the supervision of the US financial regulator.”

The central bank’s ban comes at a tenuous time for the Iranian economy. Between now and May 12, both the EU and the US are expected to decide on a new round of economic sanctions targeting Tehran. This could restore the harsh international controls on Iran that were lifted in the 2015 nuclear treaty between Iran and six major powers, including the US.

Central Bank’s Ban

Referring to the ban by the central bank, Azari-Jahromi said, “the ban on trading virtual currencies and bitcoin by the central bank as the financial and currency regulator of the country is due to preventing foreign currency from exiting in the current state of the country.”

IRNA news agency further quoted him emphasizing:

The central bank’s (ban) does not mean the prohibition or restriction of the use of the digital currency in domestic development.

What do you think of Iran developing its own crypto despite the ban on banks by the central bank? Let us know in the comments section below.


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Hungarian and Peruvian Localbitcoins Markets Post Record Volume

Hungarian and Peruvian Localbitcoins Markets Post Record Volume

The Localbitcoins markets of several nations have produced significant spikes in recent weeks, with the peer-to-peer (P2P) markets of Hungary, Peru, and Venezuela establishing new all-time highs for volume when measuring in trade in fiat currency.

Also Read: Bitcoin in Brief Monday: Outage Downs Telegram, Bitcoin Shines on a Bank

P2P Markets of Latin America Surge

The P2P trading volume of numerous South American markets have shown considerable strength in recent weeks, with many markets producing among the strongest weeks of trading in recent history when measuring volume in fiat currency.

Peru set a new record for weekly volume for the second week in a row when measuring against fiat currency, with 1,944,396 PEN (nearly $600,000 USD) worth of bitcoin exchanging hands this past week – an approximately 14% increase from last week’s record of 1,705,992 PEN.

Hungarian and Peruvian Localbitcoins Markets Post Record Volume

When measuring volume in BTC, the last two weeks both posted approximately 71 bitcoins – the second largest number of BTC traded in a single week for Peru’s P2P markets since the 80 bitcoins traded during the week of the 19th of December 2017.

Hungarian and Peruvian Localbitcoins Markets Post Record Volume

The Brazilian Localbitcoins markets produced a spike in volume during the week of the 14th of April, with trade volume reaching 3,158,258 BRL (approximately $905,000 USD), comprising the third largest weekly volume candle in the history of Brazilian P2P trade.

Hungarian and Peruvian Localbitcoins Markets Post Record Volume

Argentinian and Venezuelan Peer-to-Peer Markets Rally

Argentina’s P2P markets also rallied during the week of the 14th of April, spiking to comprise the fourth most traded week in the history of Argentinian Localbitcoins trade. The week of the 14th posted a trading volume of 4,506,932 (almost $220,000 USD).

Hungarian and Peruvian Localbitcoins Markets Post Record Volume

When measuring volume in bitcoins, the 29 BTC traded during the 14th comprises the largest number of bitcoin traded in a single week since August 2017; however, it is dwarfed by the more than 150 BTC regularly traded on a weekly basis via Argentina’s P2P markets during 2015.

Hungarian and Peruvian Localbitcoins Markets Post Record Volume

Venezuela’s Localbitcoins markets have produced a new record for weekly trade volume when measuring trade in Venezuelan Bolivars for the seventh time in eight weeks.

Hungarian and Peruvian Localbitcoins Markets Post Record Volume

When measuring trade in bitcoins, volume has actually declined for two weeks in a row – despite both weeks producing new all-time volume highs when measuring in Bolivars.

Hungarian and Peruvian Localbitcoins Markets Post Record Volume

Hungarian Localbitcoins Trade Produces New Volume Record

During the week of the 14th of April, Hungary’s P2P markets produced record trading volume of 7,473,600 HUF (approximately $28,800 USD). Despite comprising a record when measured in fiat currency, only 4 bitcoins changed hands during the week of the 14th of April – a relatively small weekly volume when compared to Hungarian P2P trade in 2015. Still, the 4 BTC was the most bitcoin traded in a single week since July 2017.

Hungarian and Peruvian Localbitcoins Markets Post Record Volume

Swedish trading on Localbitcoins also surged during the week of the 14th of April, posting 14,189,350 SEK (approximately $1,618,600 USD) worth of trade – the fourth largest volume candle posted in the history of Sweden’s P2P markets. When measuring trade in BTC, the 231 bitcoins that exchanged hands is the highest in a single week since November 2017, however, is dwarfed by the volume consistently produced by the Swedish bitcoin markets between 2015 and 2016.

Hungarian and Peruvian Localbitcoins Markets Post Record Volume

Canada’s P2P markets have continued to produce substantial trading volume – posting the third largest weekly volume candle of 7,784,463 CAD (almost $6,075,000 USD) this week. When measuring in BTC, this past week’s volume of 893 bitcoins is the third largest in history. The most recent four weeks of trade currently comprises the four largest weeks for Canadian Localbitcoins trading.

Hungarian and Peruvian Localbitcoins Markets Post Record Volume

Do you trade using the P2P markets? Discuss your trading preferences in the comments section below!


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Japanese Regulator Pressures Exchanges to Drop Privacy Coins

Japanese Regulator Pressures Exchanges to Drop Privacy Coins

Japan’s Financial Services Agency, tasked with monitoring the country’s cryptocurrency exchanges, has quietly been pressuring platforms to delist privacy coins. Coincheck has already done so in the wake of the $400 million NEM hack. If fellow exchanges follow suit, it could signal the beginning of the end for privacy coins such as zcash and monero on Japanese and possibly even global exchanges.

Also read: Bitcoin Cash Adoption Continues: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing

FSA Gives Privacy Coins the Thumbs Down

Japanese Regulator Pressures Exchanges to Drop Privacy CoinsJapan’s FSA is reportedly urging exchanges to move away from privacy coins, which it associates with money laundering, drug dealing and other nefarious activities. Coins such as monero, zcash, and dash all fall into this category, even though the latter two provide opt-in privacy only, a feature that most users don’t enable. Forbes reports sources close to the FSA as confirming that the regulator is clamping down on anonymous currencies because they are difficult to trace.

The news, while not surprising, is nevertheless concerning. Many of crypto’s most passionate advocates were attracted to the technology in the first place for its ability to provide a measure of anonymity on an increasingly surveilled and privacy-free internet. Without optional anonymity, or at least pseudonymity, cryptocurrencies lose much of their appeal, and individuals lose their right to send payment to their peers without broadcasting their intentions to the world.

“Problematic” Monero Gets the Heave-Ho

If there’s one privacy coin that unites global lawmakers and regulators in their condemnation, it’s monero. At a meeting on April 10, Forbes reports that “Monero and Dash were both mentioned as highly problematic virtual currencies”. If true, the FSA appears to view privacy coins the way law enforcement forces view encryption: they don’t like it because it works – all of the time, and for all the people, be they good or bad.

In response to this news, monero lead developer Riccardo Spagni tweeted a popular anti-censorship quote:

Japanese Regulator Pressures Exchanges to Drop Privacy Coins

The jocular “Fluffypony” has a point. Japan’s crackdown on privacy coins could be the thin end of the wedge, presaging a global ban enforced by compliant exchanges. This isn’t as far-fetched as it might sound. It’s already widely assumed, for example, that Coinbase will never list a privacy coin for fear of irking the regulators it has spent years cozying up to. While no exchange wants to be accused of complicity in criminality, Coinbase has a particular aversion to anything that could be remotely associated with vice – which, rightly or wrongly, means any coin with privacy built in.

Due to its dominant position in the cryptoconomy, where Japan leads other nations tend to follow. If privacy coins were to be delisted, first in Japan, and then globally, it risks creating a two-state crypto economy: one highway for the compliant, regulated and fully KYC’d, and a darker lane for the privacy lovers, who buy they coins on unregulated exchanges and are tarred with the same brush as terrorists and money launderers.

Do you think privacy coins are in danger of being delisted en masse by global exchanges? Let us know in the comments section below.


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PR: Roger Ver Joins Blockchain Accelerator BlockChainWarehouse

Roger Ver Joins Blockchain Accelerator BlockChainWarehouse

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Roger Ver, founder of Bitcoin.com, and Mate Tokay join the advisory board of BlockChainWarehouse (BCW). To bring their insight and resources to help grow BCW and the companies that move through its’ accelerator program.

BlockChainWarehouse is an accelerator that helps take companies from an idea to their Token Sale. While providing legal counsel, access to expert advisors, marketing services, token sale platforms and aid with KYC/AML compliance. They want to change the way the world thinks about Blockchain, by ushering in a new era of companies adhering to a higher quality standard than the typical ICO.

Companies submit their idea on the BCW website and are automatically vetted through their proprietary valuation algorithm. After determining where the companies need support, BCW organizes and maintains all the necessities for the TGE, including driving interest to the TGE itself.

BCW has built a top-tier Board of Advisors: with the likes of Peter Levchenko (Megalodon Capital), Brian Kang (FactBlock), and now—Roger Ver and Mate Tokay. Towards the goal of bringing insight from the best and brightest in Blockchain to its clients.

Adrian Guttridge, CEO of BCW, expresses his excitement about the partnership with Ver and Tokay, “I am delighted that Roger and Mate have chosen to join BlockChainWarehouse as advisors. I know they have many many projects to choose from, and so it is fantastic that they recognize the value that we can bring to this marketplace, a market that is evolving at warp speed”.

BlockChainWarehouse has already helped generate $$$ millions for its clients and has several Token Sales launching throughout 2018.

Contact Email Address
[email protected]
Supporting Link
www.blockchainwarehouse.com

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Vive la France! Bitcoin Tax Slashed by Republic

Vive la France! Bitcoin Tax Slashed by Republic

According to Le Monde, France’s State Council of taxation has announced a severe lowering of financial penalties on gains from cryptocurrencies such as bitcoin. The agency is signaling crypto tax will plummet from its current 45% to an across the board flat 19%. It’s a dramatic change in orientation from the government. Could it be France is ready for a decentralized, digital financial future?

Also read: Telegram Urges Paper Airplane Protest, Pussy Riot Activist Arrested

France Lowers Crypto Tax

It has been an active year so far for La République. Bruno Le Maire, Minister of Finance, argued a month ago how, “A revolution is underway, of which bitcoin was only the precursor. The blockchain will offer new opportunities to our startups, for example with the Initial Coin Offerings (ICO) that will allow them to raise funds through ‘tokens,’ crypto-actives or not. It promises to create a network of trust without intermediaries, to offer increased traceability of transactions and, overall, to make the economy more efficient,” setting off a wave of enthusiasm from bitcoiners.

Vive la France! Bitcoin Tax Slashed by Republic
Mr. Macron with a Ledger Blue

For at least four years, however, the Republic of France has kept taxation on bitcoin core and cryptocurrency capital gains in general at nearly half. There appears to be a softening in this regard, as regulators responded to pushback by enthusiasts, and have pledged to bottom the current rate, 45%, by more than half, to 19%.

Good news started, perhaps, back in early 2017 after France elected the very young Emmanuel Macron, then 39. While the ecosystem has no political affiliation or loyalty, Mr. Macron gave an encouraging sign by allowing himself to be photographed with a cold storage wallet. It would later be revealed as a publicity stunt prior to his run. But, nevertheless, he at least seemed familiar with the technology.

An Active First Quarter

Again, during the first quarter of this year France has expended more political calories on the issue of crypto. Beginning with an appointment of an industry “Mission Leader,” France was particularly vocal about carrying forth some kind of world consensus on laws governing crypto (to no avail) ahead of the G20 meeting in Argentina. Shortly after, French minders cracked down upon crypto derivatives, and would a month later publish warnings about 15 “unauthorized” exchanges and platforms.

Vive la France! Bitcoin Tax Slashed by Republic

Around the same time as comments from the Minister of Finance and various regulatory activity, local bitcoiners took their case to the High Administrative Court. The court then ordered cryptocurrencies such as bitcoin be reclassified as property, thus leaving room for lower taxation. Profits derived from mining, however, are to remain under the banner of capital gains, as they’re considered purely commercial activities.

Do you think this will start a trend among EU countries? Let us know in the comments section below.


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Meet Bitcoin.com’s Cryptocurrency Market Cap Aggregator — Satoshi Pulse

Meet Bitcoin.com’s Cryptocurrency Market Cap Aggregator — Satoshi Pulse

This week the website Bitcoin.com, the go-to web portal for all things Bitcoin, has launched ‘Satoshi Pulse’ a cryptocurrency market capitalization page that shows total digital asset market valuations, current prices, hourly – daily – weekly percentages, charts and more. Just like the rest of the informative resources and tools hosted on our website, with Satoshi Pulse, cryptocurrency enthusiasts can get their favorite digital currency’s data in real-time in one easy to find place.

Also read: Steps towards Self-Regulation in Croatia and Slovenia

Satoshi Pulse: 500 Digital Currency Market Caps

The cryptocurrency economy has grown exponentially over the past year and a half, and digital asset proponents are very fond of checking price tickers regularly. Further, some enthusiasts like to view the entire cryptocurrency ecosystem that has more than 1,500 different cryptocurrencies in order to see the value of the asset, and its market performance. There are a few market capitalization sites out there that aggregate data across the digital currency economy, but lots of them can be confusing and filled with unfavorable advertisements. Instead of 1,500 digital currencies, Bitcoin.com’s Satoshi Pulse evaluates only the top 500 cryptocurrencies making navigation a bit easier.

Meet Bitcoin.com’s Cryptocurrency Market Cap Aggregator — Satoshi Pulse

The Satoshi Pulse User Interface

Satoshi Pulse shows cryptocurrency statistics for top currencies such as Bitcoin Core (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and more. Users can choose a set of favorites to watch, and filter just the coins they appreciate, rather than a whole list of coins they don’t care about. In order to add a bunch of favorites simply choose the heart symbol next to each coin then press filter and your own customized list of digital assets will appear. Additionally, Satoshi Pulse aggregates digital currency price increases or losses throughout hourly, daily, and weekly time frames.

When a user directly clicks a specific cryptocurrency it will direct them to a page that shows the digital asset’s price chart which can be toggled to show daily, weekly, one month, six months, and a year’s worth of price plots. The page will also show the cryptocurrency’s statistics such as capitalization rank, the current spot price, market capitalization, and 24-hour trade volume. Moreover, Satoshi Pulse features data like the coin’s consensus algorithm, the current number of coins in circulation, and the cryptocurrency’s maximum supply.

Meet Bitcoin.com’s Cryptocurrency Market Cap Aggregator — Satoshi Pulse

Bringing Our Users Continued Improvements to This Already Robust Platform

The first angel investor in Bitcoin technology and the CEO of Bitcoin.com, Roger Ver, is thrilled to add Satoshi Pulse to the wide range of services and resources offered by our web portal. Ver stated during the webpage launch:    

Satoshi Pulse offers a beautiful, interactive way to visualize the cryptocurrency marketplace. The service offers real-time as well as historical stats for the top cryptocurrencies — We look forward to bringing our users continued improvements to this already robust platform.

Bitcoin.com continues to grow, and our site has many more cool features coming this year. Already the Bitcoin-focused web portal has an uncensored forum, games, a newsdesk, a Wiki, block explorer, a robust wallet for every operating system, podcasts, widgets, merchants solutions, educational resources and so much more. Alongside this, the Satoshi Pulse development team says there will be a slew of new additions on the way.  Bitcoin.com looks forward to offering top of the line resources to billions of people across the planet, and we hope cryptocurrency enthusiasts enjoy the new Satoshi Pulse service as much as we do.

What do you think about Satoshi Pulse? Let us know your thoughts about the market cap web page in the comments below.


Images via Shutterstock, and Satoshi Pulse.   


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Bitcoin in Brief Monday: Outage Downs Telegram, Bitcoin Shines on a Bank

Bitcoin in Brief Monday: Outage Downs Telegram, Bitcoin Shines on a Bank

Technical Issues, blockchain plans, and bitcoin pranks – we’ve got a colorful selection of news in today’s Bitcoin in Brief. The popular messaging app Telegram was down for some users in Europe and the Middle East over the weekend, but the problem has been resolved. Also, a bitcoin logo appeared on the facade of the Swiss National Bank building in Zurich. Do you want to know who’s behind the idea?

Also read: This Week in Bitcoin: Amazon Wants to Track You and TD Ameritrade Plants a Flag

Telegram Cut Off by a Power Outage in Amsterdam

Bitcoin in Brief Monday: Outage Downs Telegram, Bitcoin Shines on a BankThe messaging platform Telegram, popular with the crypto community, has experienced some issues over the weekend that hindered communication across Europe, the Middle East, North Africa, Russia and the CIS countries. According to messages posted on social media by its representatives, the interruptions are due to technical reasons. In recent weeks, the company has also faced difficulties following its conflict with Russian regulators. Roskomnadzor has been trying to restrict access to the messenger after its refusal to hand over its decryption keys to security services.

“Massive overheating in one of the Telegram server clusters may cause some connection issues for European users within the next couple of hours,” Telegram’s founder Pavel Durov tweeted on Saturday, apologizing for the inconvenience. “The problem is being solved,” he assured users. In Europe, the glitch was fixed on Sunday. Before that the company posted another tweet with details about the problem. “Repairs are ongoing after a massive power outage in the Amsterdam region that affected many services,” it said. The app was up and running again around noon, Central European Time.

Bitcoin Logo on a Bank’s Facade in Switzerland

Bitcoin in Brief Monday: Outage Downs Telegram, Bitcoin Shines on a BankA photo shared recently on Twitter shows a huge Bitcoin logo shining on the facade of the Swiss National Bank in Zurich. The picture posted by Johannes Gees was accompanied by the following comment: “Is that a #bitcoin on the @snb […] Trustsquare rules.” Trust Square is a new blockchain hub launched this month. Its offices are right across the street from SNB’s headquarters and it is probably behind the idea to project the logo. The R&D center aims to facilitate the exploration of blockchain applications, the implementation of related business models and the development of blockchain ventures, according to the local Fintechnews. It offers space for 200 workstations for startups, researchers and investors working on various applications of blockchain technology.

Switzerland is considered a crypto-friendly jurisdiction. A number of crypto businesses and blockchain companies are headquartered or represented in the Alpine confederation. It has become one of the first countries to establish a crypto valley, located in the Canton of Zug. The Chinese mining giant Bitmain has opened a branch there, and one of Russia’s largest banks, Gazprombank, has announced plans to test cryptocurrency deals in Switzerland. More recently, a high-ranking representative of the Swiss National Bank took a stance that might have surprised many colleagues. Andrea Maechler, member of the central bank’s governing board, said that private digital currencies were better than any state-issued version. She also thinks decentralized cryptos are less risky.

Blockchain Undertakings

Major Korean companies have turned their attention to blockchain technologies in search of new growth engines for their businesses. Their attempts may change the landscape in the blockchain sector that has been mostly dominated by small startups. The serious financial and human capital controlled by these large corporations may accelerate the development of such technologies.

South Korea’s leading mobile carrier, SK Telecom, has recently announced a plan to launch a new asset management platform powered by blockchain technology, the Korean Times reports. The company hopes to increase customer convenience with the service which would allow users to manage their bank accounts, credit cards and mileage points, as well as cryptocurrency, at the same time. The telecom also intends to launch a project designed to support blockchain startups called “Token Exchange Hub”.

Bitcoin in Brief Monday: Outage Downs Telegram, Bitcoin Shines on a Bank

Samsung SDS, the IT branch of Samsung Group, has also targeted the blockchain industry. It has developed a platform that would allow users of mobile devices to gain access to various financial services through encryption of biometric certification information. With Nexledger they will be able to deal with a large number of transactions in real time and utilize a smart contract function that bolsters security and convenience, its developers said.

In Germany, the Federal Financial Supervisory Authority, Bafin, has authorized the first hybrid fund that will deal with both cryptocurrency and real estate. The Munich-based BITREAL Capital GmbH will operate the BITREAL Real Estate Blockchain Opportunities Fund 1. BREBCO 1 will invest in blockchain technologies through established cryptos and tokens, and also in commercial real estate in the leading regions of Germany. Its operations will be partly financed by bank loans in order to minimize crypto-related investment risks while providing high returns.

Do you think blockchain technologies have a future separate from the cryptocurrencies they were invented for? Share your thoughts in the comments section below.


Images courtesy of Shutterstock, Johannes Gees.


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PR: How Ubex Uses Blockchain to Disrupt the Advertising Market

Ubex Uses Blockchain to Disrupt the Advertising Market

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Cupertino, CA – Ubex is looking to drastically change the digital marketing global industry which earned $229 billion in 2017 and will reach a stunning $335 billion in 2020. They will do so using a innovate new technology called blockchain. In recent years the digital marketing industry turned its eye to blockchain technology that can potentially alleviate or solve many of the issues present in the space today.

The blockchain is currently taking the financial sector by storm. 14% of financial market institutions plan to implement blockchain-based services, and these rates are expected to reach 65% by 2020. Digital marketing will follow the financial sector, and Ubex, who utilizes unique blockchain technology and artificial intelligence to provide innovative solutions for advertisers, publishers, and consumers will be at the forefront of the revolution.

Ubex solves many of the problems in the digital marketing space today. One of these issues is targeting. The Ubex platform utilizes a programmatic approach to user data to improve targeting. Behavioral and socio-demographic data of users is analyzed to conduct a transaction. This allows for improvement of targeting, and will let advertisers buy slots for demographics instead of website locations.

The potential of programmatic algorithms is immense. At the same time, this potential cannot be realized fully without the introduction of blockchain technologies and neural networks. Therefore, the emergence of Ubex will be a catalyst for the growth of the software market and digital-advertising in general

With blockchain technology developed by Ubex, consumer data will be better protected because of the added security incorporated into blockchain technology. Blockchain allows different parties to enter into a transaction without confiding in one another by using a consensus mechanism. As each block is added to the next an irreversible chain is created, showing each action from beginning to end transparently and securely.

Additionally, this technology allows for smart contracts to be executed by the Ubex blockchain technology. For instance, it could prohibit disclosure of geographic information about the user without authorization if it is stipulated by the system. Moreover, customers may sell their personal information to interested companies. This can address the privacy issues brought up in the Facebook trials.

The blockchain can help effectively switch to a model of payment for targeted actions. Blockchain allows the implementation of: (1) tracking of target actions and their saving in a database transparent for all participants, (2) creating a trusted reputation rating (3) creating mechanisms for guaranteeing mutual settlements, (4) tokenization of ad slots for publishers and factoring centers for advertisers, (5) distributed data mining for consumer-related information.

Click fraud is a type of fraud which is widely spread in pay-per-click (PPC) online advertising. The publishers that post the ads are paid based on how many visitors to the sites click on the ads. Fraud occurs when a fake user imitates a real visitor by clicking on an ad just to increase the click through rate. Advertising networks are the ultimate beneficiaries of this type of fraud.

Ubex solves the fraud problem by applying blockchain technology and pay-per-action model to track down different actions starting from a website user registration, leaving contact information and finishing with purchasing products.

Under the cost per action model, advertisers do not pay publishers for any activities other than those required by the smart contract. The publisher is not motivated to participate in fraud schemes.

Ubex tracks all user actions on the publisher’s and advertiser’s site and saves all data on the blockchain. Ubex’s blockchain model is transparent and encrypted. Companies can easily identify if the people viewing their ads are members of their targeted audience.

Blockchain technology marks a new era in digital marketing that will bring efficiency, less risk and more trust among players. Those players who are incorporating Ubex blockchain solutions in their digital marketing supply chain will outperform their competitors by a mile. Through tokenization and AI, Ubex is one of the most exciting new projects in the blockchain ecosystem.

Contact Email Address
[email protected]
Supporting Link
ubex.com

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Bitcoin Cash Adoption Continues: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing

Bitcoin Cash Adoption Roundup: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing

An increasing number of stores have started accepting bitcoin cash (BCH) and a few other cryptocurrencies. This bitcoin cash adoption roundup features five vendors that recently started accepting the digital currency including a brand new cafebar dedicated to 15 cryptocurrencies.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Coins Crypto Cafebar

Japan is a leader when it comes to the number of merchants accepting cryptocurrencies since its Payment Services Act, which went into effect in April of last year, legalizes cryptocurrency as a means of payment.

Bitcoin Cash Adoption Roundup: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing

Bitcoin Cash Adoption Roundup: Crypto Cafebar, Gold Vendor, Concealed-Carry ClothingA new cafebar inspired by cryptocurrencies is gearing up to open in Osaka, Japan. Coins cryptocurrency cafe and bar announced earlier this week that its grand opening will be on May 12. There will also be pre-opening events prior to that date.

The address of the establishment is Osaka prefecture Osaka-shi Naniwa-ku Nihonbashi 4-7-26 Wonder 3 Building 3F.

The cafebar has 23 seats, giving it a spacious feel “where many people can talk face to face,” the company described. “We have a large selection of foods and original goods” based on “15 kinds of [crypto]currencies, and all of the staff have names of virtual currencies,” Coins elaborated, adding that:

It is a space where you can use virtual currencies in real life.

In addition to fiat and credit cards, the cafebar currently lists the following payment options on its website: “BTC (bitcoin), BCH (bitcoin cash), ETH (ether), MONA (monacoin), LSK (lisk), XEM (nem), [and] LTC (litecoin).”

Bitcoin Cash Adoption Roundup: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing

Bitcoin Cash Adoption Roundup: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing
Coins cryptocurrency cafebar’s uniform.

Safecast

Safecast is an international, volunteer-centered organization devoted to open citizen science for the environment. Co-founder and Director of Global Operations, Sean Bonner, shared with news.Bitcoin.com:

We design hardware and software for specific environmental monitoring…we design the hardware and make the designs open, and then our partner distributors build the kits and sell them. Kithub is our primary global distributor.

Bitcoin Cash Adoption Roundup: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing

On the organization’s website, there are links to products, such as the Safecast environmental monitoring devices including the Bgeigie nano geiger counter kit and the Safecast air quality monitoring kit, that are hosted on Kithub’s website. Kithub accepts BCH and BTC through Bitpay.

Undertech

Undertech sells concealed-carry clothing such as shirts, shorts, jackets, vests, legging, purses, holsters, safes, belly bands, and other concealment items.

Bitcoin Cash Adoption Roundup: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing

The company recently integrated Coinbase Commerce as a checkout option on the Undertechundercover website, allowing customers to pay with BCH, BTC, ETH, and LTC.

Goldsilver

Goldsilver is a website that sells precious metals, founded by Mike Maloney, a precious metals advisor and author. The site sells gold bars, gold coins, gold jewelry, silver bars, and silver coins. The company recently started accepting BCH and BTC via Bitpay.

Bitcoin Cash Adoption Roundup: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing

Furthermore, “Bitcoin and bitcoin cash orders receive a 3% cash discount on all purchases,” the company detailed.

Rebecca Z

Japanese Jewelry site Rebecca Z, which sells “everyday jewelry for working women”, is now accepting BCH and BTC via Bitpay.

Bitcoin Cash Adoption Roundup: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing

“We decided to introduce bitcoin payments to simplify payment procedures,” the company explained, adding that this method will allow them to cope with the need to exchange different currencies on e-commerce sites.

What do you think of the adoption rate of BCH and other cryptocurrencies? Let us know in the comments section below.


Images courtesy of Shutterstock, Coins cafebar, Safecast, Undertech, Goldsilver, and Rebecca Z.


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Venezuela Certifies 16 Cryptocurrency Exchanges

Venezuela Certifies 16 Cryptocurrency Exchanges

The president of Venezuela, Nicolas Maduro, has announced the end of the pre-sale for the Petro, the country’s “cryptocurrency”. He claims it has raised the equivalent of over 3 billion dollars. Maduro has also certified 16 crypto exchanges he hopes will start listing his country’s new currency.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

16 Crypto Exchanges Certified

According to Venezuelan newspaper with government backing Correo del Orinoco, Maduro has “authorized the certification of 16 exchange houses for cryptocurrencies,” which will facilitate Petro transactions in the international market. Maduro was quoted saying during the inauguration of Venezuela Power Expo 2018 in Caracas:

The certification of these 16 exchanges is a demonstration of confidence in the system of the Petro, as a cryptocurrency, and will allow liquidity and solid transactional volume.

The news follows the announcement of Venezuela’s major crackdown on crypto exchanges and remittance businesses dubbed Operation Paper Hands.

Venezuela Certifies 16 Cryptocurrency Exchanges
Maduro talking at Venezuela Power Expo 2018.

The certified 16 exchanges are “Criptoexchainge, Criptocapital, Asesoría Financiaera CA, Italcambio, Amberes Coin, Cave Blockchainge, Valoratta Casa de Bolsa, Coinsecure.ve, Critiaechainge, Criptolago, Criptoventraige CA, Criptoactivo Menets CA, Criptoactivo Bancar CA, Criptomundo Casa de Intercambio CA, Inversiones Financieras 1444 CA, [and] Criptoactivo Criptoes,” the publication detailed. However, there is no confirmation that any of them have agreed to list the Petro at the time of this writing.

Coinsecure’s Comments

Venezuela Certifies 16 Cryptocurrency ExchangesIndia’s Coinsecure is on the list of exchanges certified by Venezuela. CEO Mohit Kalra said that “Venezuela wanted to add Petro as a cryptocurrency on Coinseure, so they can trade Petro against bitcoin and the rupee,” Business Standard reported on Saturday.

Venezuela has reportedly offered India a 30% discount on crude oil purchases if India uses the Petro, the news outlet added and quoted Kalra saying:

The offer that they have given to the Indian government is: you buy Petro and we will give you a 30 percent discount.

Maduro Claims $3.3 Billion Raised So Far

Maduro announced on Thursday the official closing of the Petro presale. He claimed that “To date, the pre-sale of El Petro has obtained 3,338 million dollars,” elaborating:

I have to report on the closing of El Petro’s first pre-sale. We closed with an amount of $3,338 million. An economic miracle. Boot The Petro!

During his speech, Maduro held up a presentation showing that the Petro has raised the equivalent of 2.744 billion euros, 208.337 billion rubles, and 21.118 billion yuan. He also announced that he will deliver inject $1 billion into the economy obtained from the Petro.

Venezuela Certifies 16 Cryptocurrency Exchanges

Furthermore, the president promised that he will continue promoting the new currency. In addition to announcing that fuel will be sold to all national and international airlines for Petro, he declared that he has signed the paperwork “to create an Industrial and Economic Investment Fund in Petro and I have already contributed, for now 8.5 million Petro equivalent of $510 million for credit loans.”

What do you think of Maduro’s strategy for the Petro? Do you think the exchanges will list the Petro? Let us know in the comments section below.


Images courtesy of Shutterstock, Coinsecure, and the Venezuelan government.


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