Tag Archives: crypto

Ethereum Hackathon ETHDenver Partners With UNICEF on Blockchain Bounty System

Ethereum Hackathon ETHDenver Partners With UNICEF on Blockchain Bounty System

  

Upcoming Ethereum (ETH) hardware hackathon ETHDenver is partnering with UNICEF

on a blockchain bounty token system, according to a press release shared with Cointelegraph Jan. 31. The token aims to incentivize developers to create projects which promote social good, the press release notes.

ETHDenver — set to take place February 15-17 in Denver, Colorado — has partnered with UNICEF Ventures, UNICEF France and ETH startup Bounties Network on the prototype for what it calls a “positive action token,” the firm stated in the press release. While the token is yet to have a name — indeed, its creators are appealing to ETHDenver attendees to contribute to finding one — it forms part of an incentivization program dubbed “The Impact Track.” As ETHDenver Diversity and Impact Steward Nick Rodrigues has outlined, the program encourages developers to think systematically about the positive social impact of a given piece of

technical innovation:

“For example, if someone had a project where they happened to develop a way to shard more efficiently which therefore required less energy consumption, they would be meeting a sustainable development goal.”

As a non-monetary, value-driven community coin, the token cannot be redeemed for fiat currency, as the organizers report. Instead, users can use their tokens to get early access to future UNICEF and Impact Track events, mentorship sessions, incubator-style support, and similar offerings. ETHDenver has also pitched the token as “digital public acknowledgement of positive actions.”

In a separate blog post published Jan. 30, ETHDenver and blockchain startup MakerDAO (MKR) — creator of the Ethereum-collateralized stablecoin Dai (DAI) — have also announced the creation of an ETHDenver pop-up token economy based on an ephemeral “localcoin.” Hackathon attendees will reportedly each be issued with a unique “xDai” wallet, which runs on their phone’s default web browser and is pre-loaded with the localcoin, dubbed “buffiDai.” The coin is pegged to the Dai and redeemable for food, drinks and activities at the event, the blog post reports.

As previously reported, the positive action token represents just one of UNICEF’s many forays into the blockchain space. Last month, the UNICEF Innovation Fund announced it would be investing $100,000 in six early stage and open-source blockchain companies working toward humanitarian goals. In February of last year, the organization appealed to PC gamers to use their computers to mine ETH and donate their earnings to a charity campaign for Syrian children.

Article Produced By
Marie Huillet

Marie Huillet is an independent filmmaker, with a background in journalism and publishing. Nomadic by nature, she’s lived in five different countries this decade. She’s fascinated by Blockchain technologies’ potential to reshape all aspects of our lives.

https://cointelegraph.com/news/ethereum-hackathon-ethdenver-partners-with-unicef-on-blockchain-bounty-system

 

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UAE-Saudi Arabian Digital Currency ‘Aber’ to be Restricted to Select Banks at Start

UAE-Saudi Arabian Digital Currency 'Aber' to be Restricted to Select Banks at Start

  

The United Arab Emirates’ (UAE) central bank (UAECB)

and the Saudi Arabian Monetary Authority (SAMA) have announced that the interbank digital currency they are co-developing will be called “Aber.” The news was reported by the national Saudi Press Agency on Jan. 29.

A joint statement from the banks has reportedly outlined that the use of Aber will be limited to financial settlements using distributed ledger technologies (DLT) “on a probational basis and [for] exclusive use by a limited number of banks in the two countries.” While news of the two countries’ plans for a digital currency for cross-border interbank settlement has previously been reported, this appears to be the first official indication of the currency’s name and initial circulation scope.

The banks clarified that the currency’s issuance falls within a proof-of-concept framework, aimed at:

“[…] studying the dimensions of modern technologies and their feasibility through practical application and the determination of their impact on the improvement and the reduction of remittances costs and the assessment of technical risks and how to deal with them.”

The statement did not determine an official launch date for the currency’s pilot issuance, but outlined that it would initially be focused on technical aspects. The announcement also reported that if “no technical obstacles are encountered, economic and legal requirements for future uses will be considered.”‏

The two countries said bilateral issuance is important as they consider that while national central systems for remittances and domestic transactions have proved their solidity to date, some aspects of international remittances require further development. The Aber project aims to ascertain whether a digital currency could be supportive of this development, the

statement adding:

“The project will also enable considering the possibility of using the system as an additional reserve system for [a] domestic central payments settlement system in case of their disruption for any reason.”

Issuance of Aber reportedly forms part of a seven-point bilateral cooperation plan between UAE and the Kingdom of Saudi Arabia, negotiated in a meeting of the Executive Committee of the Saudi-Emirati Co-ordination Council Jan. 17. As reported, the UAE is looking to join the list of leading destinations for blockchain firms in 2019 by establishing a new pro-crypto legal framework. In Saudi Arabia, customs authorities have recently concluded a pilot scheme linking their cross-border trade platform “FASAH” with IBM and Maersk’s “TradeLens” blockchain infrastructure.

Article Produced By
Marie Huillet

Marie Huillet is an independent filmmaker, with a background in journalism and publishing. Nomadic by nature, she’s lived in five different countries this decade. She’s fascinated by Blockchain technologies’ potential to reshape all aspects of our lives.

https://cointelegraph.com/news/iran-central-bank-will-consider-expert-input-before-enacting-crypto-regulations

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NYSE Operator Partners With Blockstream to Launch Crypto Tracking Tool for Investors

NYSE Operator Partners With Blockstream to Launch Crypto Tracking Tool for Investors

  

The Intercontinental Exchange (ICE) has partnered

with major global blockchain firm Blockstream to launch its Cryptocurrency Data Feed product, as ICE Data Services tweeted on Jan. 24. Founded in 2000 in the United States, the Intercontinental Exchange is a global company that owns exchanges for financial commodity markets and operates 23 global exchanges, including the New York Stock Exchange (NYSE).

According to the announcement, ICE’s new crypto data service enables real-time and historical data for more than 60 cryptocurrencies from major trading markets and exchanges worldwide. Blockstream has introduced the product under the name “Crypto Feed V3” on its Twitter, claiming that the updated service now includes more than 30 venues across over 400 crypto and fiat trading pairs. The new partnership intends to provide global investors with a comprehensive tool to monitor data for the most actively and widely traded cryptocurrencies, the company wrote.

The Cryptocurrency Data Feed includes a number of crypto market monitoring services such as price discovery, historic data and full-depth market by price and by venue insight, as well as round-the-clock market overview including a calculated accumulated volume, the volume of weighted average price (VWAP) and others. In addition, the new service is backed by ICE’s Secure Financial Transaction Infrastructure (SFTI) tool, which claims to eliminate downtime for investors and enable immediate notifications in case of an emergency. ICE had previously announced its plans to launch Bakkt, regulated, global ecosystem for digital assets, in August 2018.

As reported on Dec. 31, 2018, ICE released an update to the launch timeline for Bakkt — which had previously been a targeted Jan. 24 launch date — in accordance with consultation with the Commodity Futures Trading Commission (CFTC). Recently, Bakkt has announced that they are hiring for a number of key positions at the company, mostly looking for developers at director and senior levels. Previously in mid-January, Bakkt had also acquired certain assets in futures commission merchant Rosenthal Collins Group.

Article Produced By
Helen Partz

Helen is passionate about learning languages, cultures and the Internet. She has years of experience working at international online advertising projects. Growing interested in Bitcoin and cryptocurrencies in late 2017, she joined Cointelegraph as a writer.

https://cointelegraph.com/news/bitcoin-skeptic-ex-starbucks-ceo-howard-schultz-considers-2020-presidential-run

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Unconfirmed: Novogratz’s Galaxy Digital to Raise 250 Million to Offer Crypto Loans

Unconfirmed: Novogratz’s Galaxy Digital to Raise $250 Million to Offer Crypto Loans

  

Mike Novogratz’s crypto merchant bank Galaxy Digital

is reportedly raising at least $250 million to offer loans to crypto-related firms, according to an unconfirmed report published by American news site Business Insider on Jan. 23. Citing two unnamed people familiar with the matter, the news outlet claims that Galaxy Digital is purportedly planning to close the first fundraising round for its crypto credit fund in March. A Galaxy representative has reportedly declined to comment on the issue to Business Insider.

According to the article, Galaxy’s lenders will be able to get their loans by using crypto assets, real estate and crypto mining hardware as deposits. Two anonymous individuals also noted that Galaxy decided to launch its own fund after seeing an increased demand for crypto lending services from firms amidst the bear market in 2018. Founded by former Goldman Sachs partner Michael Novogratz, Galaxy Digital is already lending to crypto businesses using its own balance sheet, according to Business Insider.

The crypto merchant bank also led a $52 million fundraising round through its investment arm Galaxy Digital Ventures in order to fund the crypto-lending firm BlockFi in July 2018. Amid the aftermath of the crypto market collapse in 2018, many crypto and blockchain companies have faced financial trouble: for example, at least 340 such companies were dissolved or liquidated in 2018 in the United Kingdom, and China-based crypto mining giant Bitmain reportedly closed its Israeli center in December.

However, crypto-lending business have continued to grow. Launched in 2018, BlockFi’s crypto lending product has seen its revenues grown tenfold since June, as recently revealed by BlockFi  CEO Zac Prince. According to Business Insider, another crypto loans company, Salt Lending, issued $54 million in loans by the end of 2018, and is planning to expand its team by 25 percent this year. Recently, Novogratz — who is both Galaxy’s founder and CEO — has increased his shares of the company by up to 79.3 percent of ordinary shares assuming their conversion, which reportedly amounts to 221.2 million ordinary shares.

Article Produced By
Helen Partz

Helen is passionate about learning languages, cultures and the Internet. She has years of experience working at international online advertising projects. Growing interested in Bitcoin and cryptocurrencies in late 2017, she joined Cointelegraph as a writer.

https://cointelegraph.com/news/ceo-of-blockchain-media-company-poet-leaves-for-washington-post

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Things Are Not Looking Good in India

Things Are Not Looking Good in India
Large Indian Bank Clamping Down on Cryptocurrencies
  

One of the largest banks in India

is asking its users to consent that they won’t be using their accounts to trade Bitcoin or other cryptocurrencies. The bank also asks for authorization to immediately shut down an account if it’s associated with digital currencies.

On April 6th, the Reserve Bank of India (RBI) ordered all regulated financial institutions to refrain from working with cryptocurrency-related businesses of any kind. The move was met with a swift response from the industry which challenged the order. However, a few months later, on July 3, the Supreme Court of India upheld the ban, delivering a heavy blow to the entire field.

It wasn’t long before this took its toll on the industry. In October, India’s very first Bitcoin ATM was shut down and both of the founders of the company which operated it were arrested. In December, Live Bitcoin News reported that the country is allegedly planning to end its statewide cryptocurrency ban. Purportedly, the Government has created an interdisciplinary committee which is figuring out ways to legalize and regulate the cryptocurrency industry instead of banning it straight away. However, a month later, one of the country’s biggest banks has also gone against crypto.

HDFC Jumps on the Anti-Crypto Bandwagon

A Twitter user CryptoIndia YT (@Cryptoindia) shared that HDFC has requested users to confirm that they won’t use their bank accounts for trading Bitcoin or any other cryptocurrency. Additionally, the bank has also requested its clients to “authorize the bank to close the above account without any further notice if it is observed in future that transactions have been carried out for Bitcoin/virtual currencies.” HDFC is currently the third largest bank in India and it has around 89,000 employees throughout its branches.

Article Produced By
Joshua Morris

https://www.livebitcoinnews.com/large-indian-bank-clamping-down-on-cryptocurrencies/

 

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Ex-Soviet State Uzbekistan Considers New Crypto Move

Ex-Soviet State Uzbekistan Considers New Crypto Move

Uzbekistan cash.
The country’s new Digital Trust fund is studying raising funds via security token offerings.

The former Soviet state of Uzbekistan, finally under new leadership after decades of Islam Karimov running the show, has discovered cryptocurrency at a time when no one seems to want it. No, they are not launching a cryptocurrency like Venezuela’s Petro coin or the breakaway province of Abkhazia’s coin plans over in the nation of Georgia. New president Shavkat Mirziyoyev says crypto is legitimate tender, at least for cryptocurrency traders. He legalized exchanges in the Central Asian nation in September and created a fund that same month to invest in blockchain-related startups and research and development called Digital Trust. Other than being an investment vehicle for new technology, Digital Trust is stepping on the crypto bandwagon in trying to bring security token offerings (STO) to a country few in the crypto world have even heard of.

Uzbekistan may not be on anybody’s radar, but its foray into STOs are another testament to crypto being akin to a potential godsend for raising capital in emerging and frontier nations like Uzbekistan. “We are looking very carefully at STO and just starting to build the framework for it,” says Bobir Akilkhanov, investment director at Digital Trust. “We understand that ICOs were a hype tool for investors, with no assets to back up those coins. STOs are more of a legitimate investment because you can tokenize your assets. We are working on the laws to build the market. We don’t want to hurry through it and make all these mistakes and have something that is not useful.”Uzbekistan’s President Shavkat Mirziyoyev launched a blockchain fund in September, two years into his presidency. Crypto exchanges and trading is legal in Uzbekistan. (AP Photo/Alexander Zemlianichenko) photo credit: ASSOCIATED PRESS

He did not disclose the funds assets under management. And they have no STOs or cryptocurrencies in the portfolio. Right now, this is just Uzbekistan testing the blockchain waters, which is separate from the muddy crypto waters, of course. Neighboring country Kazakhstan is doing the same with blockchain so as not to miss anything. One of their core holdings in the fund is Delta City, a large scale real estate project in Tashkent with all the smart-city bells and whistles … and no tokens.

Uzbekistan traditionally attracts investors from South Korea, China and Russia. For crypto and blockchain, the ones showing interest are from China, Hong Kong, Japan, South Korea and Singapore. STOs are sort of like the grown-up, Wall Street-ish version of the initial coin offering, the cryptocurrency market that ushered in the euphoria for crypto between 2016 and 2017 until that bubble burst in 2018. Coindesk, one of the premier publishers of crypto/blockchain news, hasn’t published a story about an ICO since December 5, and before that … November 14. If cryptocurrency investing is ever to professionalize, it needs traditional investors, and traditional investors seem to prefer the STO.

Digital Trust says it ideally wants to see if they can raise money for Uzbekistan assets in STO offerings, either belonging to private or public companies. The fund is currently looking to establish partnerships with leading blockchain service providers where they can test drive a homegrown STO market.Workers operate sewing machines at the Platinum Moynaq Cotton Cleaning Factory in Uzbekistan in March 2018. Proponents of cryptocurrency say that poor countries will have an easier time raising money from foreign investors via cryptocurrency. Photographer: Taylor Weidman/Bloomberg photo credit: © 2018 Bloomberg Finance LP© 2018 Bloomberg Finance LP

“Companies can raise money the old-fashioned way too, through bond offerings. But STOs are an interesting avenue because it makes some of your state assets more readily accessible to foreign investors,” says Igor Khmel, CEO and founder of BankEx in New York, a fintech company providing STO services. “For the same reason you are using a smartphone instead of a rotary phone, STOs are faster, cheaper and more efficient because of the blockchain-based securitization of assets. They are easier than an initial public offering, easier than venture funding and more accessible than the bond market."

Some are suggesting that STOs could help $1 trillion of assets migrate onto various blockchain platforms before the end of the decade. Like the dying ICO market, STOs have true believers. “If it plays out the way I think … it is likely to be the greatest investment opportunity humanity has seen in this era,” CEO of Polychain Capital in San Francisco, said during a panel discussion at the Web3 Summit in Berlin in October.Olaf Carlson-Wee, founder and chief executive officer of Polychain Capital. STOs are “the greatest investment opportunity” in crypto. Photographer: David Paul Morris/Bloomberg photo credit: © 2017 Bloomberg Finance LP© 2017 Bloomberg Finance LP

According to a report in Longhash, a blockchain news and information portal with offices in Shanghai and Hong Kong, OpenFinance Network and tZERO are STO-focused exchanges set to offer a flood of listings in 2019. Coinbase recently acquired a broker-dealer license and an alternative trading system license, along with a registered investment advisor license, out of the expectation that cryptocurrency investing and fundraising is far from dead. Binance plans to launch an STO trading platform with the Malta Stock Exchange. And in Uzbekistan, BankEx is the early entrant in an otherwise tiny crypto market. Digital Trust brought them there.

“The main thing about these markets is you have to have open networks, which makes it kind of borderless, so it doesn’t matter where you are anyway,” says Diego Gutierrez Zaldivar, founder of RSK Labs in Argentina and a well-known bitcoin guru throughout Latin America. “Blockchain is just the combustion engine to all these things related to cryptocurrency, but you need the full car. You need an internet of value for all of these investment plans to come to fruition,” he says, adding that countries where economies are volatile are more apt to see crypto thrive over time, so long as the infrastructure exists to make it happen.

The Uzbek currency, the som, is relatively stable. It was allowed to free-float under the new government and lost over half of its value in the process. But since September 2017, it’s been relatively steady between 8,000 and 8,300 to the dollar. Their GDP growth rate has been over 5% since 2004, according to the World Bank. It’s poorer than India, with a GDP per capita of less than $1,600. It would take the average Uzbek a year to buy half a Bitcoin.

“Our goal is to starting our STO platform in niche markets, or niche regions like Uzbekistan,” says Khmel. BankEx is also present in the crypto havens of South Korea and Japan. They are moving into Thailand mainly for digital-asset custody. “Uzbekistan is different. We will be doing STOs there. The government wants to become a blockchain-centric government,” he says. “Each country has something unique to offer, I think. They can become one of the main markets in the region for companies considering STOs. We are taking the first steps with them to make it happen.”

Article Produced By
Kenneth Rapoza

Kenneth Rapoza

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Volume of Crypto is Dropping is Bitcoin Headed Below 3000?

Volume of Crypto is Dropping, is Bitcoin Headed Below $3,000?

  

In the last 48 hours,

the volume of the crypto market has dropped from $15 billion to $13 billion as the Bitcoin price fell below the $3,600 mark. Analysts have started to demonstrate concerns regarding the declining volume of digital assets and the potential scenario of cryptocurrencies free falling without significant sell pressure from bears.

Is $3,000 Inevitable For Bitcoin?

Generally, traders in the crypto market expect a lackluster year with low volatility, at least until cryptocurrencies escape the last stage of a 12-month-long bear market and initiate a strong accumulation phase. In the short-term, however, many traders envision most cryptocurrencies including Bitcoin testing key support levels in a low price range.

A cryptocurrency trader Josh Rager wrote:

As the volume continues to slowly descend Bitcoin could see more sideways ranging This could last for days or weeks until a decrease in buyers, currently holding up the market, at these levels. Nice support below $3,000 with lots of buyers waiting there.

Currently, following an intense sell-off on January 11, the crypto market is demonstrating stability in the range of $122 to $124 billion. But, the combined valuation of all cryptocurrencies in the global market is down nearly $100 billion since November 2017 and the asset class is struggling to demonstrate signs of a trend reversal. Considering the lack of momentum of cryptocurrencies and the inability of dominant digital assets in the likes of Bitcoin and Ethereum to breakout of important resistance levels, a cryptocurrency technical analyst DonAlt suggested that 2019 may turn out to be a boring and a low volatile year.

“I’ve been relatively inactive this year – for one reason – there just hasn’t been too much to trade. I wouldn’t be surprised if ’19 plays out like this, boring, choppy and frustrating to trade. The worst thing you can do is force trades when your system doesn’t give you any,” the analyst said. As Bitcoin approaches the low $3,000 region, similar to its corrective rally in mid-December, it may initiate a relatively sharp recovery triggered by big buy walls on major cryptocurrency-to-fiat exchanges such as Coinbase and Bitstamp.

How About Other Cryptocurrencies?

If Bitcoin continues to fall below $3,500 and possibly to its 12-month low at $3,122, cryptocurrencies with low market caps and daily volumes are expected to experience intensified downward price movements against both Bitcoin and the U.S. dollar. Digital assets that have shown strong upward price movements in the past several weeks due to product launches and protocol upgrades including TRON and Ethereum have already begun to drop in value, affected by the negative sentiment surrounding the short-term trend of the cryptocurrency market.

The price movement of Bitcoin, until the January 11 correction, was seen as a positive short-term breakout above $4,000. But, based on the intensity of the sell-off over the past week, it will likely have a minimal impact on the performance of the asset class in the weeks to come.

Article Produced By
Joseph Young

Hong Kong-Based Finance and Cryptocurrency Analyst. Contributing regularly to CCN and Hacked. Providing unique insights into the crypto and fintech space since 2012.

https://www.ccn.com/volume-of-crypto-is-dropping-is-bitcoin-headed-below-3000/

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THE RESULTS of the reddit cryptocurrency survey – a comparison of opinions demographics and portfolios of redditors from different subreddits

THE RESULTS of the reddit cryptocurrency survey – a comparison of opinions, demographics and portfolios of redditors from different subreddits

  

One month ago I posted a survey of over 40 questions

to a range of different cryptocurrency subreddits and collected just over 300 responses. Since then I have processed the data and taken a look at the different demographics, opinions and portfolios of different users as well as comparing the results from different subreddits. This post is the results of this survey.

In this post I have condensed the results to a number of key stats and graphs. If you want to take a look at the graphs or read the discussion, they can be found in the full report. For the graphs, just scroll down to each section in the report and you will see them.

How do steemit users compare to reddit users?

I don't know so I have set up an almost identical survey for all steemit users to respond to if they like. If I can collect enough responses then I will make a comparison post like this one comparing reddit users and steemit users! If you would like to fill out the survey, you can do that here.
The live raw data collected from this survey can be found here:

Key Stats:

Section 1: Reddit and social media use

• Two thirds of cryptocurrency subreddit users frequently browse non-crypto related subreddits.

• Over 70% of cryptocurrency subreddit users used reddit previous to finding out about cryptocurrencies.

• For 1 out of every 8 cryptocurrency subreddit users, reddit is the only social media platform they use to keep up with crypto.

• 94% of cryptocurrency subreddit users check the price of their cryptocurrencies daily!

• Over 40% of cryptocurrency subreddit users check the price of their cryptocurrencies over 10 times per day and 80% check the prices at least 3 times per day.

Section 2: Demographics

• 95% of cryptocurrency subreddit users are male.

• The median age of cryptocurrency subreddit users is between 26 and 30 years old.

• Almost 50% of cryptocurrency subreddit users are from Europe and another third are from North America.

• Over 75% of cryptocurrency subreddit users either have a University degree or higher or are currently studying at University (University is the same thing as college for any Americans reading this).

• More cryptocurrency subreddit users are living off money they made from crypto than there are users who work in the blockchain industry.

• Over 20% of cryptocurrency subreddit users are students, of these students, 60% of them are at University.

• Nearly 40% of cryptocurrency subreddit users consider themselves gamers.

• 2 of the 331 cryptocurrency subredditors sexually identify as an attack helicopter. It is fair to say that I have learned not to add an “other” gender option in future surveys!

Section 3: Experience and interest in cryptocurrencies

• 70% of cryptocurrency subreddit users consider themselves HODLers.

• Decentralisation is the main ideological reason for cryptocurrency subreddit users to be into crypto and blockchain tech.

• 36% of cryptocurrency subreddit users got into cryptocurrencies in 2017 and 27% got into crypto in 2013.

• 45% of cryptocurrency subreddit users have previous experience in the stock market.

• The average cryptocurrency subreddit user is into crypto for the money but still has a significant interest in blockchain tech.

• Most cryptocurrency subreddit users consider themselves very likely to mention cryptocurrencies to a friend.

Section 4: Crypto Portfolio

• The median cryptocurrency subreddit user has somewhere between $5,000 and $20,000 invested in cryptocurrencies.

• Nearly 45% of cryptocurrency subreddit users have invested either less than 10% or more than 90% of their total savings in crypto.

• Nearly 10% of cryptocurrency subreddit users would rather not share what price category the size of their investment in crypto fits into for this semi-anonymous survey.

• 80% of cryptocurrency subreddit users have made a profit off their crypto investments.

• 60% of cryptocurrency subreddit users who invested in crypto after June 30th 2017 have made a profit off their crypto investments.

• 60% of cryptocurrency subreddit users own altcoins outside the top 10 coins by market cap.

• 50% of cryptocurrency subreddit users own 3 cryptocurrencies or less.

• Nearly 30% of cryptocurrency subreddit users have invested in an ICO before.

• The average (median) cryptocurrency subreddit user is signed up for 3 cryptocurrency exchanges.

• For just one third of cryptocurrency subreddit users, altcoins outside the top 10 coins make up more than 10% of their portfolio.

Section 5: Cryptocurrency Knowledge

• Most cryptocurrency subreddit users believe that they understand blockchain technology quite well.

• More than 50% of cryptocurrency subreddit users have fully read a whitepaper.

• Over 75% of cryptocurrency subreddit users know of Satoshi Nakamoto, Vitalik Buterin and Charlie Lee and who they are.

Section 6: Opinion

• Most cryptocurrency subreddit users think that 3-5 of the current top 10 cryptos will still be in the top 10 in 3 years.

• Nearly 40% of cryptocurrency subreddit users don’t support SegWit2x.

• Just 10% of cryptocurrency subreddit users have an unfavourable opinion of Bitcoin.

• Nearly 70% of cryptocurrency subreddit users have a favourable opinion of Ethereum.

• More participants have a favourable opinion of Ethereum than Bitcoin.

• More than 55% of cryptocurrency subreddit users have an unfavourable opinion of Bitcoin Cash.

• Almost 75% of cryptocurrency subreddit users have an unfavourable opinion of Bitcoin Gold.

• 50% of cryptocurrency subreddit users have an unfavourable opinion of Bitconnect while a further 47% don’t know how they feel about it or don’t know enough about it to have an opinion.

• 45% of cryptocurrency subreddit users have an unfavourable opinion of Ripple.

• Nearly 55% of cryptocurrency subreddit users have an unfavourable opinion of Ethereum Classic.

Final Section: Subreddit Comparisons

• Over 70% or r/Bitcoin users are opposed to Bitcoin Cash while just under 20% of r/BTC users are opposed to it.

• Over 25% of r/ETHTrader users don't have an opinion of Bitcoin Cash.

• 80% of r/BTC users approve of SegWit2x while just 6% of r/Bitcoin users approve of it.

• Over 50% of both r/Ethereum and r/ETHTrader users don't have an opinion of SegWit2x.

Which Subreddit has the highest rate of ICO investment?
The highest rate of ICO investment by users from r/CryptoCurrency where 38% of users have invested in an ICO.

Which subreddit has the most compulsive price checkers?
The two trading oriented subreddits (r/BitcoinMarkets and r/ETHTrader) had the most compulsive price checkers, with r/BitcoinMarkets having a significantly higher percentage of compulsive price checkers.

Which subreddit rates their crypto knowledge the highest?
r/Cryptocurrency, r/Bitcoin and r/BitcoinMarkets all have similar distributions with the same averages (median of 7 out of 10 and very similar mean values just below 7). r/ETHTrader rated their crypto knowledge the lowest with a median of 6 out of 10 and a mean just above 6 which as about 0.7 lower than the mean values of other subreddits.

Closing Words

That's it! If you want to read through the full report I made or want to see the rest of the graphs, I have left a link to the report where you can find them near the top of this post. I will also leave the raw data and the spreadsheets I used to process the data below if any of you are interested. Finally I’d like to thank everyone who participated and especially those who gave criticisms and feedback on what I covered in the survey and how I formatted it. I’m open to any recommendations for next time and criticisms of this survey so that I can make my next survey better.

Article Produced By
trickybits

https://steemit.com/cryptocurrency/@trickybits/the-reddit-cryptocurrency-survey-a-comparison-of-opinions-demographics-and-portfolios-of-redditors-from-different-subreddits

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Ireland moves to limit crypto money laundering

Ireland moves to limit crypto money laundering

New AML bill given thumbs up by cabinet
will lead to stricter rules, and ease police access to bank accounts. 

The Irish Cabinet has approved a bill that purports to stiffen laws aimed at tackling money laundering, and puts the use of cryptocurrencies front-and-centre for their alleged role in financing terrorist activity. At the heart of the new legislation is the passing of the fifth EU money laundering directive, released in July of 2018, into Irish law by amending the country’s existing statutes on the matter. That new EU policy widened the purview of existing rules – unsurprisingly, the fourth EU money laundering directive of 2015 – on Anti Money Laundering (AML) to cover virtual currencies, wallet providers and exchanges. That means as of now, any such operation in the country must be fully compliant with its demands or face prosecution.

The speed at which the legislation has been updated again, of course, reflects the meteoric rise of cryptocurrencies in that time – and the threat they are now perceived as by authorities looking to track criminal activity. As well as targeting cryptocurrency related business, the laws also look at the roll of pre-paid debit cards, as well as sellers of high-value items and art. According to The Irish Times, banks and other financial institutions will also “be required to carry out stricter due diligence before taking on new clients. Credit and financial institutions will also be prevented from creating anonymous safe deposit boxes.”

It also says that the the bill provides upgraded powers to the Garda and Ireland’s Criminal Assets Bureau to access bank accounts during money laundering-related investigations.While the legislation will not be enacted in post-Brexit UK, at least not in such an obvious transposition as this, Jonas Karlberg – the boss of crypto advisory firm, Amazix – believes that such enhanced regulation will bring more parties to the market.

“The continued development of crypto-related regulations globally will mean that more traditional areas of business and financial institutions will adapt to expand their services to crypto. 2019 will also see the full implementation of the 5th AML directive in the EU – allowing the full spectrum of cryptocurrencies and possibly token offerings to operate within full compliance”, he said.

“This new trend will challenge traditional consultancies to think about adequate control measures to comply with applicable laws and regulations. All the usual integrity risk concerns and compliance burdens of a conventional financial institution will now apply to crypto businesses: money laundering, terrorist financing, tax avoidance/evasion, sanctions and cybercrime”.

Article Produced By
John Moore

https://cryptonewsreview.com/ireland-moves-to-limit-crypto-money-laundering/

 

 

 

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Your Bitcoin is Worth 15000 to us

Your Bitcoin is Worth $15,000 to Us

Markethive has made a very bold statement. We are so confident in this year, regardless of the crypto bear markets, the massive ICOs failures, the compounding Government regulations, the incessant attacks by the financial elite and the pounding of the negative media attention, that Markethive is laying it on the line. Even one of my mentors Tom Lee who is most outspoken and positive regarding Bitcoin is being slammed and called Dubious. Many critiques are predicting the total demise of Bitcoin. I disagree, but then I could be wrong.

This is why I am claiming and giving Bitcoin value of $15,000 for the purchase of one of our ILPs which are valued at $15,000. I think Thomas Lee is brilliant and correct in his assessment that even though the market has degraded Bitcoin it holds a greater value than we realize.

We have been in a long pre-launch crowdfunding mode since April 2018. We have raised over $500,000 since we started Markethive and have been able to build the most advanced Inbound Marketing platform (rooted in my previous 20 year company Veretekk) integrated into a powerful comprehensive social network. Now we are building a series of integrated commerce platforms. An open service freelance platform, a media oriented (video, audio, copy, animation, production services) platform and a crypto | fiat exchange and platform.

Since we began the automated marketing tech platforms back in the mid-90s called Veretekk (the first Inbound Marketing Platform by 20 years) we built this before Google was even a thought, back when AltaVista was the dominant search solution. Here is the mission statement of Veretekk back in 2002. Sounds just like Inbound Marketing today, yes?

Inetekk's new Veretekk system has in-depth sophistication with ease of use and navigation. Basically, you use our system to build massive verified email lists to market your portfolio of free Inetekk services (ie: Free FFA lead systems, free search engine submissions, free vacation coupons, free software, free websites, free ebooks, etc. that have real value) which in turn, gets extensive prospect database profiles (like their phone numbers) into your management database (We call it your "Lead Processing Center), so you can develop "real" relationships which build your sphere of influence. This sphere of influence then enables you to build a substantial organization for "YOUR OPPORTUNITY", not OURS!

Additionally, you also build your verified email database of 1,000s of addresses allowing you to send a weekly opportunity/marketing/newsletter type of publication with your Drip Control Panel "Semi Autoresponder".

Quoted from Archive.org’s historical capture of Veretrekk April 01, 2002.
https://web.archive.org/web/20020401223553/http://www.veretekk.com:80/

Interesting to note, Marketo,  a recent candidate building and offering a similar Inbound Marketing platform to ours, to the high-end fortune 500 companies, just sold to Adobe for 4.75 billion dollars. That is right, a system nearly identical to ours. A system that was profiled after our foundational first platform called Veretekk. Back then we called it Automated Marketing. Today it is called Inbound Marketing.
https://www.cnbc.com/2018/09/20/adobe-confirms-its-buying-marketo-for-4point75-billion.html

 

This is how Marketo describes their service platform:
“Marketo, Inc. is a software company focused on account-based marketing, including email, mobile, social, digital ads, web management, and analytics”.
https://go.marketo.com/Referral_About-Marketo.html

Sound familiar? Because it is! But we are far different in scope and magnitude.
Price, Markethive’s entire lineup of Inbound Marketing tools is free for life. No limit on leads, no limit on email data. No limit on campaigns.

Marketo has a different strategy. Here is their pricing structure (for 95% of the entrepreneurs in the world, this is out of their reach)
Marketo lineup ranges from $1,995 per month to $7,195 per month and tops out at 500,000 known leads. Select is the top tier in the small and medium business line-up and ranges from $3,195 to $11,995 per month, topping out at 1 million known leads.

Marketo is an Inbound Marketing platform, and that is all they are. All $4.75 billion dollars’ worth.

 

Markethive has also delivered another first, the ILP to replace the problematic ICOs. ICOs sell their pre-coin tokens at a price based on the speculation the coin will pump and bring in a return. This has fostered a culture of deception and after 2 years of ICOs raking in billions of dollars in Ethereum and Bitcoin, there is only a handful of legitimate ICOs actually delivering.

ICO means Initial Coin Offering and as such, they are considered securities, earning SEC scorn and enforcement and added regulations making the market even more speculative and in many cases legally questionable.

ILPs on the other hand are transferable loans:

Markethive’s  Initial Loan Procurement is a new way to finance projects by utilizing blockchain and crowdfunding. It provides individual creditors an opportunity to invest in Markethive and get interest payment on a monthly or annual basis. This new method of fundraising was originally called the BOD (pre blockchain)  from Markethive four years ago (2014) and recently another company called Blockhive has released a similar version of their own.

Instead of raising funds using ICO, Markethive has launched a post-ICO funding model that is based on transferable credit. The model is referred to as Initial Loan Procurement (ILP). The ILP is a loan agreement that allows Markethive  to get funding in order to expand its ecosystem while allowing creditors to earn interest from the money loaned.

The loan agreement will be executed on Markethive’s blockchain platform. Creditors get to earn passive income from Markethive when they participate in the platforms ILP. The creditors will get an interest payment of their share of 20% of the annual operating profits produced by Markethive. The payment will be paid in ETH directly to the creditor’s contact address. The principal amount will be repaid to the creditors who hold the loan agreements until the maturity date calculated to be 20 years. This ILP is transferable and renewable.

Interest will be paid to creditors who hold the loan agreements on the distribution date. To secure the right of interest payment, creditors must provide ID verification and satisfactorily complete and sign the loan contract. The distribution date will be announced at least two weeks before the advance day. All the money transactions including the incoming and outgoing loan and interest payments will be based on USDA but made in ETH.

 

FSC Token Sale

Creditors, after making loans to the platform and digitally signing loan agreements, will receive FSC tokens. The interest paid on the loans will be based on the loan balance but not on the FSC tokens balance. FSC tokens are Future Loan Access Tokens (FLATs) that also allows the creditors to transfer their loan agreements to others in the Markethive Founders Shares Tokens exchange. The loan amount equivalent to one FSC token is currently at phase 2 value of $15,000.

The pre-launch crowdfunding is already underway starting on April 2018. We are currently in phase 2 of 4 phases. The maximum tokens issued are 1000 available during the public ILP. Contributors are expected to register and set up an account on Markethive and sign the loan agreement before sending Bitcoin contribution to the Markethive ILP project address.

Advantages Of The ILP

The best thing about the digital loan procurement model is that it has clear legal parameters that already govern existing credit markets. Contributors in the ILP period can be assured that their funds are protected by legally binding loan agreements regulations. The interest earned will also fall under the rules used in the jurisdiction of the token owner.

Another benefit of this model is that it sidesteps the disadvantages that come with over tokenization where projects using the token sale to raise funds damage the utility of the token in the economy for which it was designed.

The Bitcoin New Year Special

We are in phase 2. We have 125 ILP tokens available in each phase. Right now there are 100 left.  We want to secure the completion of our platform this month if possible. With Bitcoin getting slammed pretty much the entire year of 2018 and many still predict Bitcoin will continue to slide, we have a promotion.

This promotion is based upon my perspective of the industry. It is also based upon the fact, I know and have demonstrated that Markethive is worth a similar value as Marketo, that Markethive is ahead of the curve and is the only fully secured, private blockchain social network. That in fact we are a Market Network as pointed out by Techcrunch and many other market predictors.

 

The Next 10 Years Will Be About "Market Networks"

https://www.nfx.com/post/10-years-about-market-networks

 

Quoted “Market networks will produce a new class of unicorn companies and impact how millions of service professionals will work and earn their living”.

 

What is a unicorn company?

A unicorn is a privately held startup company valued at over $1 billion.
https://en.wikipedia.org/wiki/Unicorn_(finance)

Back to the special “promotion”

We are ready to accept just 1 Bitcoin as payment in full for our 2nd phase ILP tokens which are listed at $15,000. This promotion is limited to 100 first come first serve.

Ask yourself

Is Markethive worth this risk?

Answers:

1. We are a real company, real people with a real vision since 2015

2. We have been consistently delivering upgrades accordingly to our roadmap

3. We are run by 3 competent founders with proven success backgrounds

4. We are seriously ahead of the curve on delivering a blockchain Market Network

5. Our Inbound Marketing platform is designed and owned by Markethive

6. A similar company Marketo with a similar system sold for $4.75 billion to Adobe.

7. We are already producing revenue

8. Our potential global market numbers above 800 million people.

9. We already have the blockchain built and 8,888,888,888 coins have been created

10. Nearly 1000 Crypto projects died in 2018. We are thriving.

11. Markethive originated a legitimate superior option to the ICO called the ILP

12. We are strategically partnered with a big developer firm called Menlo Tech

13. We have outstanding talent in our CTO Douglas Yates for engineering

14. We have outstanding talent in our Marketing department with Thomas Prendergast

15. We have outstanding talent with our future focus Market Analyst Annette Schwindt

16. We have outstanding talent with our head writer and Market Manager Dee Williams

17. We have outstanding Alexa rank growth

18. We are delivering next level privacy and security as a block chained social network.

19. We are very close to becoming self-funded and at that time we will close the ILP crowdfunding without notice. Ending any further new ILP assignments

20. We are transparent and run a live webinar every week.

21. Markethive will be the only Market Network that pays people to use it, pays people to learn, pays people to share.

22. Like Paypal went viral giving away $5 per new subscriber, Markethive is releasing this month our infinity Airdrop paying every new member 500 coins per signup.

 

There is no better offer in the crypto sphere, or social network sphere or the marketing sphere.

Got Bitcoin? Excellent. Don’t have a Bitcoin account? We can help you there too.

You owe it to yourself to visit us this weekend on our live conferences. See our calendar of events here.
https://markethive.com

Lost your account? Need an account? Or Login to your account at the same address.

So…What if?
What if
Markethive grows to just 10% the size of LinkedIn?
LinkedIn’s last quarterly reported $1.3
billion revenue.

10% of that times 20% towards the Markethive ILP share divided by the maximum of 1000 shares delivers a projected income of $26,000 per quarter for 20 years and longer.
 

This is as real as it gets. We are going to become a huge platform in the near future. We are credible and have skin in this as well. You cannot find a better offer for the small risk we are offering you.

One Bitcoin (A golden egg) for 1 ILP (A golden goose)

 

Will I see you this weekend? I certainly hope so.

Happy New Year

Thomas Prendergast
CEO CMO
Markethive.com

Articles are being written. Press releases are being published. When the tipping point occurs, hang on.
https://californer.com/dca/markethive-makes-bold-move-to-acquire-bitcoins-californer-10016423 

TP