Four of the world’s largest crypto exchanges are leading a $32 million investment in an ambitious venture out of Korea that’s aiming to develop a new stable coin using e-commerce as the lynchpin. Global exchanges Binance Labs, OKEx, Huobi Capital, and Dunamu — the firm behind Korea’s Upbit — have all poured capital into Terra, a crypto project whose founding team is headed by Daniel Shin, founder and president of TicketMonster — the $1.7 billion Korean e-commerce firm that has been owned by both Living Social and Groupon. This is the first time global exchanges have come together on a deal, and the stellar line-up of investors includes Polychain Capital, China’s FBG Capital, Hashed, 1kx, Kenetic Capital and Arrington XRP — the crypto fund from TechCrunch founder Michael Arrington. The deal is a token-based investment round, as opposed to equity. Shin told TechCrunch that Terra plans to hold a private sale in a couple of weeks to add additional capital to this “highly strategic” set of investors. The company will eschew a public sale with retail investors, but it plans to hit exchanges — you guess which ones… — in the coming months. Yet another stable coinStable coins, for the uninitiated, are tokens that are designed to remain at the same price… stable, as the name suggests. They’re typically pegged to the U.S. dollar and are highly sought after in the world of crypto, where stability is hard, nay impossible, to find. Today, stable coins are mostly used for trading and exchange-related purposes and Tether, the controversial project backed by Bitfinex, is probably the best-known. There’s plenty of criticism around Tether, and research has suggested that Bitcoin’s phenomenal rise in late 2017 — when its value it a record high of nearly $20,000 — was fuelled by Tether manipulation. Arguably, Tether is the best example of a stable coin, and since it is propped up by the injection of hundreds of millions of dollars on a routine basis, it would be fair to say that the concept has never worked. That viewpoint might be a little cynical, and Terra believes it can make the concept work through mass adoption of its token. Its gateway for that is to leverage e-commerce in Asia. While Terra is marketed as a stable coin in its whitepaper and other documents, it would be fair to see it as more of a fintech platform — think Alibaba’s Alipay on the blockchain. That’s because the project is kicking off by working with a slew of e-commerce firms across Korea and other parts of Asia. Shin explained that Terra aims to complement existing payment solutions by offering its own Stripe-like payment option that would allow customers to pay using its coin (a name hasn’t been decided on yet). For merchants, that could mean circumventing existing payment networks like Visa, which take a cut of all revenue. On the other side, the project could help offer incentives for consumers to buy using the token, for example, through discounts that don’t add to the e-commerce platform’s cash burn. Because buying crypto and using wallets still isn’t mainstream — and it is a clunky experience — there’s also the potential for consumers to earn tokens when they use platforms, Shin said. The token would be spendable across all supported e-commerce services. Already, Terra has secured quite a list of partners. There are 15 e-commerce services signed up — including Woowa Brothers, Qoo10, Carousell, Pomelo, and Tiki — which between them boast a cumulative 40 million customers and some $25 billion in annual transaction volume. Shin said the project is targeting Asia because it is the world’s most active crypto region. He believes that Terra can take a slice of the payments behind the partner businesses — he’s targeting payment GMV in the region of “tens, if not hundreds, of millions of U.S. dollars” before the end of 2019 — and in doing so set itself up for becoming a stable token by virtue of usage. Of course, it also has its own stability engine. That features a second token — Luna — which Shin said acts as collateral by accumulating revenue by taking the small transaction fee incurred when spending the Terra token. Shin said an algorithm will use Luna to buy back the Terra token in high season to keep the price stable, while it will burn a portion of tokens to maintain stability during periods of recession. A more detailed explanation of the ‘reserve ratio’ can be found in the Terra whitepaper. Alipay on the blockchainWhat makes Terra particularly interesting is that the intention is to build the next Alipay. Alibaba affiliate Ant Financial, which runs Alipay, may be little known in the U.S. and Europe, but it is dripping with ambition. It is tipped to go public in the next year or two, and already it is valued at over $100 billion following a recent $14 billion funding round. Alipay is China’s dominant mobile payment service, and it has spawned a digital bank, lending products and more. Ant claims over 500 million users, and it has spent close to $1 billion on a series of aggressive expansions across Asia and beyond as it aims to replicate its formidable Chinese business outside of the country. Shin explained that he believes Terra could do the same in Asia where, like Alipay, it will try to leverage e-commerce (in this case its partner businesses) to go beyond payments and into financial services. Shin explained that the plan is to roll out with initial e-commerce partners in Korea during Q4 of this year, before widening to cover Southeast Asia and beyond in 2019. One year later — 2020 — is when he believes Terra will have the required base to welcome developers and third-parties. “Many projects open up a developer platform prior to adoption,” he explained in an interview. “Once we have tens of millions, if not hundreds of millions, of users is when we’ll open up.” Exactly what that platform will look like is unclear at this point. Terra is designing a multi-chain structure in order to accommodate numerous chains with its stable coin concept, but it is yet to decide which will primary and therefore the platform for third-party development. Ethereum has tended to be that canvass, but the project is a challenging phase right now so holding out isn’t necessarily a bad thing at this point. Terra is a hugely ambitious project in the field of often-impossible ideas that is crypto. Taking on Alipay head-to-head is tough, developing a stable coin is impossible, but doing both lengthens the odds further still. But yet Shin and his team have won the backing of a collective of top names in the crypto space. That, if nothing else, is a good reason to keep an eye on this project. The odds may be long but, as Shin explains it, you can readily argue that there is upside to having so many big-name partners on board. “The worst case scenario with this project is a reverse ICO with over 10 e-commerce companies,” he explained. “But the best possible outcome is that we build a platform that competes with Alipay on the blockchain.” Note: The author owns a small amount of cryptocurrency. Enough to gain an understanding, not enough to change a life. Read More Terra is an ambitious crypto project to build a stable coin through e-commerce : https://ift.tt/2PjmoCFPartner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. Desimpul makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Desimpul does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to this site. In no event shall Desimpul or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Desimpul's website, even if Desimpul or a Desimpul authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. Accuracy of materials The materials appearing on Desimpul's website could include technical, typographical, or photographic errors. Desimpul does not warrant that any of the materials on its website are accurate, complete or current. Desimpul may make changes to the materials contained on its website at any time without notice. However Desimpul does not make any commitment to update the materials. Links Desimpul has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Desimpul of the site. Use of any such linked website is at the user's own risk. Modifications Desimpul may revise these terms of service for its website at any time without notice. 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According to Russia’s local outlet, Izvestia, the country’s Ministry of Internal Affairs might soon make dealing with unauthorized cryptos a criminally-liable offense. Criminalization of illegal crypto useRussia is ready to bring new development to the crypto market, according to one of its local media outlets in a report that the country may have plans to make dealing with some cryptos illegal and punishable by law. The primary amendment among the collected documents states that open-source cryptos are legalized. This includes coins like Ethereum (ETH) and Bitcoin (BTC). All businesses that wish to deal with these and similar coins can do so legally, provided that they receive proper authorizations. A registration with the country’s authorities is mandatory, and these businesses will also have to comply with the country’s tax regulations. Back in July of this year, Andrey Khrapov, head of Russia’s GUKON (Interior Directorate for Drugs Controls), wanted to know the stance of finance ministry towards crypto legalization and tested the feasibility of the crypto regulations in the future. The Ministry of Economic Development did not share GUKON’s enthusiasm and has even shown signs of skepticism towards their efforts. They stated that it is still too early to even consider criminalizing crypto businesses, much less to actually do it. Chief Savva Shipov also stated that such rules would be difficult to bring about due to the lack of crypto regulation in the country. He supports the idea of holding firms and individuals liable in the case that they use cryptos for illegal activities and believes that using cryptos for in purpose of funding terrorists, paying for arms trading, drug dealing, and other illegal activities should, by all means, be punished. Russia needs a crypto billRussia is late with bringing a crypto-specific bill by more than two entire months at this point. The country presented a framework for blockchain tech and cryptocurrencies back in January, named “On Digital Financial Assets”, which was supposed to be finalized by July 1st. When the time came, however, the Russian Parliament has only had one of the three expected readings for this bill. For now, the question of the bill still remains unanswered, and it is not clear where the delay is. Until regulations have been officially brought, crypto exchanges in Russia have no choice but to remain a “hazy area”, as called by Sputnik DLT’s Chief, Artem Tolkachev. It is in everyone’s best interest for these regulations to be released and put a stop to criminal activities. Read More This Country Is Criminalizing Crypto Activities : https://ift.tt/2Nr7IABPartner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. Desimpul makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Desimpul does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to this site. In no event shall Desimpul or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Desimpul's website, even if Desimpul or a Desimpul authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. Accuracy of materials The materials appearing on Desimpul's website could include technical, typographical, or photographic errors. Desimpul does not warrant that any of the materials on its website are accurate, complete or current. Desimpul may make changes to the materials contained on its website at any time without notice. However Desimpul does not make any commitment to update the materials. Links Desimpul has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Desimpul of the site. Use of any such linked website is at the user's own risk. Modifications Desimpul may revise these terms of service for its website at any time without notice. By using this website you are agreeing to be bound by the then current version of these terms of service. According to Russia’s local outlet, Izvestia, the country’s Ministry of Internal Affairs might soon make dealing with unauthorized cryptos a criminally-liable offense. Criminalization of illegal crypto useRussia is ready to bring new development to the crypto market, according to one of its local media outlets in a report that the country may have plans to make dealing with some cryptos illegal and punishable by law. The primary amendment among the collected documents states that open-source cryptos are legalized. This includes coins like Ethereum (ETH) and Bitcoin (BTC). All businesses that wish to deal with these and similar coins can do so legally, provided that they receive proper authorizations. A registration with the country’s authorities is mandatory, and these businesses will also have to comply with the country’s tax regulations. Back in July of this year, Andrey Khrapov, head of Russia’s GUKON (Interior Directorate for Drugs Controls), wanted to know the stance of finance ministry towards crypto legalization and tested the feasibility of the crypto regulations in the future. The Ministry of Economic Development did not share GUKON’s enthusiasm and has even shown signs of skepticism towards their efforts. They stated that it is still too early to even consider criminalizing crypto businesses, much less to actually do it. Chief Savva Shipov also stated that such rules would be difficult to bring about due to the lack of crypto regulation in the country. He supports the idea of holding firms and individuals liable in the case that they use cryptos for illegal activities and believes that using cryptos for in purpose of funding terrorists, paying for arms trading, drug dealing, and other illegal activities should, by all means, be punished. Russia needs a crypto billRussia is late with bringing a crypto-specific bill by more than two entire months at this point. The country presented a framework for blockchain tech and cryptocurrencies back in January, named “On Digital Financial Assets”, which was supposed to be finalized by July 1st. When the time came, however, the Russian Parliament has only had one of the three expected readings for this bill. For now, the question of the bill still remains unanswered, and it is not clear where the delay is. Until regulations have been officially brought, crypto exchanges in Russia have no choice but to remain a “hazy area”, as called by Sputnik DLT’s Chief, Artem Tolkachev. It is in everyone’s best interest for these regulations to be released and put a stop to criminal activities. Read More This Country Is Criminalizing Crypto Activities : https://ift.tt/2NzZgiwPartner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. Desimpul makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Desimpul does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to this site. In no event shall Desimpul or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Desimpul's website, even if Desimpul or a Desimpul authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. Accuracy of materials The materials appearing on Desimpul's website could include technical, typographical, or photographic errors. Desimpul does not warrant that any of the materials on its website are accurate, complete or current. Desimpul may make changes to the materials contained on its website at any time without notice. However Desimpul does not make any commitment to update the materials. Links Desimpul has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Desimpul of the site. Use of any such linked website is at the user's own risk. Modifications Desimpul may revise these terms of service for its website at any time without notice. By using this website you are agreeing to be bound by the then current version of these terms of service. FORT LAUDERDALE Fla., Aug. 28, 2018 (GLOBE NEWSWIRE) -- Security First International Holdings, Inc. (OTC PINK: SCFR), a company focused on providing innovative financial payment products and services to consumers globally, will start to provide crypto coin monetization for Bitcoin, Litecoin and Ethereum coin holders that have coins at select online exchange platforms. Crypto coin holders can now on-board with Security First Int’l and monetize their holding with the security of the coins never leaving their wallet. The coins will become part of the ProofUp asset pool and will be monetized through the ProofUp.io web service for proof of funds issuance. The coin holder doesn't sell or transfer coin for the monetization to work.
The asset pool is 100,000 coins of each currency at 100% share of voice. Each coin that is allocated is equivalent to 1% share of voice in our marketing and advertising campaigns for ProofUp.io. ProofUp.io is a web service for asset backed financial instruments and proof of funds issuance. Our service provides proof of funds letters with a requested face value amount. All letters are delivered with secure email and self-destruct after a set period of time. Each coin holder will generate 100% of the income from their allocated share of voice. The program minimum is 1,000 coins for 30 days. Monetization begins 24 hours after executed agreement. Contact us for more information about the program. About Security First Holdings International Inc. (OTC PINK: SCFR) Security First International Holdings is a company focused on providing innovative financial payment products and services to consumers globally. We provide new possibilities for the digital commerce market through technology and platforms that will create a meaningful financial impact on all consumers. Contact: Partner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. Desimpul makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Desimpul does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to this site. In no event shall Desimpul or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Desimpul's website, even if Desimpul or a Desimpul authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. Accuracy of materials The materials appearing on Desimpul's website could include technical, typographical, or photographic errors. Desimpul does not warrant that any of the materials on its website are accurate, complete or current. Desimpul may make changes to the materials contained on its website at any time without notice. However Desimpul does not make any commitment to update the materials. Links Desimpul has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Desimpul of the site. Use of any such linked website is at the user's own risk. Modifications Desimpul may revise these terms of service for its website at any time without notice. By using this website you are agreeing to be bound by the then current version of these terms of service. LONDON, August 28, 2018 /PRNewswire/ -- The cryptographic money showcase is currently creating and developing at an enormous rate and the aggregate market capitalization is surpassing the cost of numerous expansive corporate goliaths. Additionally, the quantity of the exchanging monetary standards and tokens is quickly developing and it's difficult for new merchants not to get confused. So far there are around 575 accessible tokens and in excess of 1,000 OTC tokens on the market. Similarly for crypto trades, there are in excess of 50 primary stages and new ones seem to appear each day. That is the reason B30 (BTR) was created. It is a remarkable new Index instrument which aims to encourage both learner and expert crypto dealers in influencing the exchanging process in a more straightforward and secure manner. B30 (BTR) is a compound list containing the leading 30 noteworthy digital currencies. Presently having just one B30 unit coin is more beneficial than 30 driving crypto coins at the same time, on account of its compound nature. B30 is considerably steadier and less unsettled than some other digital money. Traders and cryptocurrency coins owners may miss significant indexes, such as Dow Jones, Nasdaq, S&P500 in the crypto world, which is why the Bitherium-Exchange undertook a major effort in offering exclusively the B30 (BTR) index. B30 (BTR) incorporates Bitcoin, Bitcoin Cash and Gold, Ethereum, Ripple, Litecoin, Cardano, NEO, IOTA and 21 other driving crypto coins. B30 (BTR) utilizes the concept of compounding and hybridization, that actually stands for the cryptocurrency market trend. The B30 (BTR) can be purchased at Bitherium exchange. B30 can be followed on https://cryptotalker.com/indicies/b30/. Internal calculations behind the index are proprietary and secure. B30 (BTR) is exclusively being traded on a European regulated exchange: Bitherium-Exchange. Bitherium-Exchange is offering a blockchain E-wallet and aims to offer a crypto coin exchange in the leading 30 top coins in a few weeks. Bitherium-Exchange's goal is to create and activate a decentralized worldwide financial system to introduce more economic freedom, equality, productiveness, enabling faster and cheaper payments, supporting a wide range of traders and improving the way in which innovations enter and develop in our world. Contact details: SOURCE Bitherium Partner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. Desimpul makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Desimpul does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to this site. In no event shall Desimpul or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Desimpul's website, even if Desimpul or a Desimpul authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. Accuracy of materials The materials appearing on Desimpul's website could include technical, typographical, or photographic errors. Desimpul does not warrant that any of the materials on its website are accurate, complete or current. Desimpul may make changes to the materials contained on its website at any time without notice. However Desimpul does not make any commitment to update the materials. Links Desimpul has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Desimpul of the site. Use of any such linked website is at the user's own risk. Modifications Desimpul may revise these terms of service for its website at any time without notice. By using this website you are agreeing to be bound by the then current version of these terms of service. A group of state and provincial regulators could put a big dent in the cryptocurrency fundraising boom. The North American Securities Administrators Association said Tuesday it had expanded the number of investigations into initial coin offerings to 200 after starting "Operation Cryptosweep" in May with 70 active cases. In an ICO, coins or tokens are put up for sale as a form of crowdfunding. But they're often backed by an abstract idea or nothing at all. And some high-profile frauds have been unveiled. The fundraising method has raised $12 billion this year alone, compared with $7.4 billion in all of 2017, according to research firm Autonomous Next. Much of that total came from retail investors. Financial watchdogs and some cryptocurrency advocates are split on how initial coin offerings should be regulated, and the NASAA investigation was developed as an effort to protect retail investors. "A strong culture of compliance should be in place before, not after, these products are marketed to investors," NASAA President and Alabama Securities Commission Director Joseph P. Borg said in a statement. "While not every ICO or cryptocurrency-related investment is a fraud, it is important for individuals and firms selling these products to be mindful that they are not doing so in a vacuum; state and provincial laws or regulations may apply, especially securities laws." Backers of some ICOs argue that, unlike stocks, certain cryptocurrencies offer a "utility" or future access to a product or service and should therefore be exempt from Securities and Exchange Commission laws. The SEC said in June that while bitcoin and ether are not securities, many ICOs are. SEC Chairman Jay Clayton has also made it clear that all ICOs constitute securities, and in a recent CNBC interview said, "If it's a security, we're regulating it." The SEC launched a fake ICO website called HoweyCoins.com to show investors how to avoid scams. NASAA is the oldest international organization devoted to investor protection. It's a voluntary association composed of 67 states, provinces and territories across the U.S., Mexico and Canada. Since its inception, Operation Cryptosweep has resulted in 46 enforcement actions involving ICOs or cryptocurrency-related products with agencies "committing significant regulatory resources" to the crackdowns, the agency said. NASAA's president highlighted the need for ICOs to register with appropriate agencies, or at least contact regulators to see if they qualify for an exemption. He also warned investors against dealing with ICO promoters who claim their product is exempt from securities registration. "Do your homework and contact your state or provincial securities regulator with any concerns before parting with your hard-earned money — afterwards may be too late," Borg said. Read More State regulators expand 'operation crypto sweep' to 200 initial coin offerings : https://ift.tt/2BVju5dPartner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. Desimpul makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Desimpul does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to this site. In no event shall Desimpul or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Desimpul's website, even if Desimpul or a Desimpul authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. Accuracy of materials The materials appearing on Desimpul's website could include technical, typographical, or photographic errors. Desimpul does not warrant that any of the materials on its website are accurate, complete or current. Desimpul may make changes to the materials contained on its website at any time without notice. However Desimpul does not make any commitment to update the materials. Links Desimpul has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Desimpul of the site. Use of any such linked website is at the user's own risk. Modifications Desimpul may revise these terms of service for its website at any time without notice. By using this website you are agreeing to be bound by the then current version of these terms of service. Tuesday, August 28: crypto markets are seeing strong positive momentum bolster a persuasive recovery, as Bitcoin (BTC) breaks above the $7,000 price point and all but 3 altcoins amid the top 100 cryptocurrencies post strong gains on the day. Growth among the top ten largest assets ranges between 4.5 to almost 20 percent, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is trading at around $7,016 at press time, up around 4.2 percent on the day, according to Cointelegraph’s Bitcoin price index. The top coin has seen several days of recovery since its brief price dent August 22 in the wake of toughened anti-crypto measures in China and a fresh series of disapproval orders for several Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Bitcoin’s 7-day price chart. Source: Cointelegraph Bitcoin Price Index On the week, Bitcoin is up a strong 4.1 percent, with its monthly gains now around 9.1 percent. Ethereum (ETH) is trading around $289 at press time, up a solid 3.4 percent on the day. While, the coin has yet to reclaim the $300 price point — which it last held August 20 — today, August 28, has seen the first persuasive upswing in price performance after a jagged and tentative week range bound between $270-280. Ethereum is now up 3.4 percent on the week; on the month, losses are just slightly down and remain at a stark 37.8 percent. Ethereum’s 7-day price chart. Source: Cointelegraph Ethereum Price Index Among the top ten coins by market cap, Cardano (ADA) is up over 9 percent to trade at $0.10 at press time, with Litecoin (LTC) up 7.64 percent and Ripple (XRP) up 7.3 percent to trade at $61.88 and $0.35 respectively. The strongest top ten performer is IOTA (MIOTA), soaring a staggering 19.4 percent on the day and capping two days of rapid growth to trade around $0.71 at press time. IOTA’s 7-day price chart. Source: CoinMarketCap IOTA’s growth has skyrocketed since August 27’s announcement that Japanese ICT conglomerate Fujitsu is launching an IOTA-based proof-of-concept (PoC) for audit trail processes in the manufacturing industry. Among the top twenty coins on CoinMarketCap, TRON (TRX) is up 14.5 percent on the day to trade around $0.03, NEO is up 15.77 percent at $21.18 and DASH, ranked 13th, has outstripped all the top 100 cryptos on the day by rising 27 percent to $186.54. Dash’s 7-day price chart. Source: CoinMarketCap Total market capitalization of all cryptocurrencies is at around $230.55 billion at press time, up around $15 billion since the start of trading Monday 27th. 7-day chart of the total market capitalization of all cryptocurrencies from CoinMarketCap As the crypto spot markets rally, and Bitcoin reclaims ground above $7,000, fresh data from the U.S. Commodity Futures Trading Commission (CFTC) shows that bearish positions for non-commercial contracts of Bitcoin (BTC) futures are also on the decline. As shown by the negative total tally on the CFTC’s latest Commitments of Traders (COT) report, the market is still overall net short, yet the new figure of -1266 indicates a sharp turnaround from the -1926 recorded earlier this summer. Blockchain, meanwhile, has this week drawn the attention of two of the “Big Four” global audit firms, Deloitte and PwC, both of whose fresh reports revealed high percentages of enterprise executives convinced by technology’s potential. In the banking sector, JP Morgan CIO Lori Beer has this week said that blockchain will “replace existing technology” within a few years, and today, Germany’s joint stock company Deutsche Boerse (DB) furthered its partnership with blockchain-based liquidity provider HQLAx by making a million euro investment to become a minority shareholder. To cap it off, the South Korean government has just announced its state-sponsored blockchain hackathon to encourage the technology’s inroads into the public and private sectors. Read More Bitcoin Breaks Above $7000 as Crypto Market Rallies Into Green : https://ift.tt/2BULjdHPartner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. Desimpul makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Desimpul does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to this site. In no event shall Desimpul or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Desimpul's website, even if Desimpul or a Desimpul authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. Accuracy of materials The materials appearing on Desimpul's website could include technical, typographical, or photographic errors. Desimpul does not warrant that any of the materials on its website are accurate, complete or current. Desimpul may make changes to the materials contained on its website at any time without notice. However Desimpul does not make any commitment to update the materials. Links Desimpul has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Desimpul of the site. Use of any such linked website is at the user's own risk. Modifications Desimpul may revise these terms of service for its website at any time without notice. By using this website you are agreeing to be bound by the then current version of these terms of service. Monday, August 27: crypto markets have seen another recovery attempt, with all of the top 20 coins by market cap in the green, according to data from CoinMarketCap. After suffering a slump yesterday, crypto markets are back to green, with IOTA (MIOTA), Cardano (ADA), and EOS (EOS) seeing the biggest gains among the top 10 coins, while Bitcoin (BTC) has broken back above the $6,700 point. Most of the top ten coins are seeing only slight gains between 1 and 2 percent on the day. Market visualization from Coin360 The top cryptocurrency Bitcoin is trading at $6,744 at press time, up less than half a percent over the past 24 hours, but seeing weekly gains of about 4 percent. Top altcoin Ethereum (ETH) has experienced similarly modest growth today, with its price up just under one percent over the 24 hour period. Ethereum is trading at $275 at press time, up 1.5 percent over the past 7 days, but down a jolting 41 percent on the month. Ethereum 24-hours price chart. Source: Cointelegraph Ethereum Price Index Total market cap is showing growing momentum today, up from $214 billion at the beginning of the day to almost $219 billion at press time. Total market capitalization chart. Source: CoinMarketCap Of the top ten coins by market cap, IOTA is up the most with 8.3 percent growth, trading at $0.60 at press time. The altcoin’s price has surged over the past two days following recent news of IOTA’s partnership with Japanese tech giant Fujitsu, which stated that the partnership sought to “help roll out IOTA as the new protocol standard.” Major stablecoin Tether (USDT) is one of the only coins in red on CoinMarketCap out of the 20 top cryptocurrencies. Yesterday, Cointelegraph reported that recent issuances of the controversial cryptocurrency are not affecting the prices of either major coins or smaller altcoins at the moment, following previous allegations on “market manipulation” practices using Tether. Earlier today, Cointelegraph reported that Chinese tech giant Baidu was following the anti-crypto policies of Tencent and Alibaba, having closed at least two popular crypto-related chat forums. The move is another step in the unfolding events of anti-crypto measures underway in China. Also today, multiple Indian media reported that the country’s central bank the Reserve Bank of India (RBI) is planning to improve its knowledge of cryptocurrency and blockchain technology in order to “to check what can be adopted and what cannot.” The news follows RBI’s ban of servicing crypto-related businesses from April 2018. Read More Crypto Markets Keep Fluctuating: Most Top 20 Coins Back in Green, Bitcoin Above $6700 : https://ift.tt/2BRE2vdPartner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. Desimpul makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Desimpul does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to this site. In no event shall Desimpul or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Desimpul's website, even if Desimpul or a Desimpul authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. Accuracy of materials The materials appearing on Desimpul's website could include technical, typographical, or photographic errors. Desimpul does not warrant that any of the materials on its website are accurate, complete or current. Desimpul may make changes to the materials contained on its website at any time without notice. However Desimpul does not make any commitment to update the materials. Links Desimpul has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Desimpul of the site. Use of any such linked website is at the user's own risk. Modifications Desimpul may revise these terms of service for its website at any time without notice. By using this website you are agreeing to be bound by the then current version of these terms of service. KUALA LUMPUR, Aug 27 — The Securities Commission Malaysia (SC) is currently reviewing all information concerning the cryptocurrency offered by the cryptocurrency company owned by cosmetics millionaire Datuk Seri Hasmiza Othman. The SC said it is trying to determine if there was a breach of securities laws in the issuance of Lavida Coin after it received queries on the issuance of a white paper for the public offering. The white paper claimed the crypto coin was offered as a private funding initiative to raise development capital or funds for three projects, the commission said in a statement released today. “The paper also claims that it is only through crowdfunding that such a diverse range of projects can meet the development funding needs,” the statement read. “The SC is in the midst of reviewing all available information to determine whether there has been any breach of securities laws.” Hasmiza, better known as Datuk Seri Vida, launched her own cryptocurrency, Lavida Coin (LVC), last Friday. She claimed to have made profits from investing in cryptocurrency two years ago, which prompted the move to roll out LVC. The cosmetics queen further claimed the price of LVC is relatively cheap now, adding that its value will soar near Christmas this year. Malay-language portal Amanz reported the value of 1 LVC is currently at US$0.66 (RM2.71). On top of being an investment, LVC will also be used as a platform for the cosmetics queen’s e-wallet service, LavidaPay. In the same statement, the SC cautioned all investors to practise due diligence before making investments, in particular schemes involving cryptocurrencies and digital tokens. Read More Securities Commission says reviewing cosmetic queen's Lavida cryptocoin : https://ift.tt/2LuwPkrPartner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. Desimpul makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Desimpul does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to this site. In no event shall Desimpul or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Desimpul's website, even if Desimpul or a Desimpul authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. Accuracy of materials The materials appearing on Desimpul's website could include technical, typographical, or photographic errors. Desimpul does not warrant that any of the materials on its website are accurate, complete or current. Desimpul may make changes to the materials contained on its website at any time without notice. However Desimpul does not make any commitment to update the materials. Links Desimpul has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Desimpul of the site. Use of any such linked website is at the user's own risk. Modifications Desimpul may revise these terms of service for its website at any time without notice. By using this website you are agreeing to be bound by the then current version of these terms of service. Chinese police arrested and detained three individuals suspected to be cryptocurrency hackers. The police believe that the trio managed to steal up to $87 million in Bitcoin and other cryptos. Hacking attacks of Xian, ChinaThree men have been recently arrested in China under suspicion of being the thieves responsible for stealing large amounts of cryptocurrencies. The rough estimates say that the amount stolen by the three supposed thieves is approximately $87 million, or 600 million yuan. According to reports from the local media, these funds were stolen through hacking attacks targeting corporate and personal computers. The law enforcement in Shaanxi province’s capital, Xian, has described this as the highest value cryptocurrency criminal investigation in the country’s history. One officer commented that their bureau has never had to deal with this kind of a case before. The investigation of the incident began back in March after one of the attackers’ victims from Xian complained about their computer being hacked. According to the complaint, the hackers have stolen around 100 million yuan ($15 million) in the form of Bitcoin (BTC) and Ethereum (ETH) from the victim. Supposed thieves worked for internet firmsThe investigation continued through the following months, and the police eventually uncovered the three suspects among the employees of top internet companies. According to the investigators, all three of them have a lot of tech experience, but the firms employing the thieves were not disclosed at this time. After stealing digital money, it would seem that the hackers split the funds into smaller portions and then attempted to sell them through multiple transactions to cover their tracks and avoid detection. However, the police IT sector collected large amounts of data and analyzed it to try and find the parties responsible. In doing so, they managed to identify one of the suspects, found to be a resident of the Hunan province called Zhao. Tracking down the other two suspects took a bit longer, but the authorities managed to identify them as Zhang, from the province of Jilin, and Cui, who is a resident of Beijing. The suspects were put under constant surveillance and eventually detained during coordinated raids. This occurred last Wednesday, and the country’s authorities claim that the investigation is still ongoing. With the increase in popularity of cryptos in China, cybercrime seems to be growing ever more popular as well. The country has seen a large spike in crypto-related disputes. In fact, reports claim that the courts are completely overwhelmed by such cases. Due to the fact that the country still doesn’t have proper regulations, the courts are having a hard time dealing with them. The fact that crypto trading and ICOs are still banned in the country is also not helping matters. Read More Crypto-Stealing Hackers Busted In China : https://ift.tt/2BNZEsEPartner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. Desimpul makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Desimpul does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to this site. In no event shall Desimpul or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Desimpul's website, even if Desimpul or a Desimpul authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. Accuracy of materials The materials appearing on Desimpul's website could include technical, typographical, or photographic errors. Desimpul does not warrant that any of the materials on its website are accurate, complete or current. Desimpul may make changes to the materials contained on its website at any time without notice. However Desimpul does not make any commitment to update the materials. Links Desimpul has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Desimpul of the site. Use of any such linked website is at the user's own risk. Modifications Desimpul may revise these terms of service for its website at any time without notice. By using this website you are agreeing to be bound by the then current version of these terms of service. |