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PR: BUSINESSCOIN – Decentralized Apps in Service of Hospitality, E-Commerce and Real Estate

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BUSINESSCOIN - Decentralized Apps in Service of Hospitality, E-Commerce and Real Estate

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

Businesscoin brings the most advanced technology to life to ensure that everyone has the maximum benefits from our services.

Unlike other high-tech projects, Businesscoin has many available infrastructures including Ecommerce websites, the services of travel, restaurant, hotel, wedding, coffee shop and karaoke; especially real estate business such as land, apartment, Condominium, villa, commercial center, resort. Therefore, BNC will always place the trust and benefits of users as top priority.

ECOSYSTEMS
The BNC strategic group will develop and expand the global ecosystem rapidly, positively and potentially in the future.

– BNC service App is a decentralized platform that offers all the entertainment and tourism services, providing users more alternatives with reasonable prices and the best quality.

– BNC E-commerce App provides products such as consumer goods, fashion, furniture, stationery, vehicles, electronics and other essential items.

– BNC real estate App is the first real estate application that integrates Blockchain technology on the business model. Users can buy, sell, exchange or even invest in potential real estate projects to earn decent profits.

-BNC Wallet is completely secure, private and user-friendly. All transactions are made anonymously due to complying with the smart contract on the Ethereum in order to protect the privacy of users. Moreover, users can store, receive and transfer funds easily and quickly on the Internet.

-BNC Exchange is an internal exchange which support converting BTC-USD, BNC-BNC, BTC-USD, BTC-USD, BTC-USD, BTC-USD, … in just a few seconds. Our technical team works contemporarily to upgrade system in order to prevent any attacks and insure system work smoothly.

– BNC News is an online news site that not only regularly updates financial market news, especially news about Bitcoin, confidential terms, blockchain, investment guide and industry 4.0 but also provides the latest news from prestige news sources.

ICO AND TOKEN
Businesscoin or BNC is used as a common payment unit in all of our ecosystems.
BNC is the best cryptocurrency, the best service and the best option. With BNC, paying globally will become borderless.

We will list BNC at many cryptocurrency exchanges as planned in our project roadmap. From Mar 20, 2018 to May 3, 2018 Bussinesscoin will hold an ICO.

Follow us for more information

Facebook https://www.facebook.com/Business-Coin-180324822719417/
Telegram https://t.me/Businesscoinproject
White paper http://businesscoin.co/assets/doc/WhitePaper.pdf

Contact Email Address
support@bigbrothers.gold
Supporting Link
businesscoin.co

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

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Crypto Influencers Is a Who’s Who of Crypto Twitter

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Crypto Influencers Is a Who’s Who of Crypto Twitter

News

ICOs seeking public figures to shill their project now have a purpose-built list they can consult. Crypto Influencers grants them an insight into who carries clout in the cryptoverse, along with anyone else curious to learn where the power lies. Decentralized cryptocurrencies as such should have no leader, but there are still figures who exert sway. The top 300 crypto influencers can now be rated and debated side by side.

Also read: Google Bans Crypto Ads: No Currencies, ICOs, Exchanges, Wallets, Advice

If Coinmarketcap Did Twitter

Crypto Influencers Is a Who’s Who of Crypto TwitterCrypto Influencers promises “an algorithmically generated list of crypto’s most influential people on Twitter” and is as good as its word. Despite some notable omissions, it does a reasonable job of ranking major figures on crypto Twitter. It’s an exercise which is bound to provoke debate, especially in regards to who’s placed in the top 10, though there are contentious entries throughout.

There are two categories on the Crypto Influencers website: people and brands. Both can be sorted by name, website, location, followers, following, and bio. There are a few possible use cases for the service. Firstly, Crypto Influencers makes a handy guide for anyone who’s relatively new to cryptocurrency. A journalist seeking a source to quote might want to start here, or an ICO seeking project advisers or media platforms to target. The other reason why Crypto Influencers has appeal comes down to the age-old human curse of curiosity.

Curiosity Killed the Crypto

Crypto Influencers Is a Who’s Who of Crypto Twitter
Crypto’s top 10

When the short-lived ethereum game Crypto All Stars launched, the value of each influencer card turned into a matter of personal pride for the traders featured on them. It’s the same with Crypto Influencers. Did you make the top 300, and if not why not? Why’s Tuur Demeester outside the top 10 and zcash developer Zooko inside it? These questions, and many more, can all be pondered while you peruse the site.

Like Forbes’ Crypto Rich List, there’s something crass about sizing up humans based on words they type into a micro-blogging network, but that’s the way the world works. It’s as much a game of spot the absentees on Crypto Influencers as spot the big shots; there’s no John McAfee, for instance, or Bitcoin News, but there is space for an abandoned Twitter account with 900 followers for a project called Streamium.

Explaining the algorithm behind the system, the site states: “Both Justin Bieber (105M followers) and Vitalik Buterin (600k followers) are influencers. There are people who pay attention to them and are ready to act based on what they say. While Bieber has more followers, the people who follow Buterin have significantly more capitals at their disposal. Therefore, Buterin is more influential under this definition.”

No one expected Justin Bieber to make the list, though they may be wondering where Bitcoin.org’s Cobra is. Or why Chris Burniske is only 58th. Or why Jacob Appelbaum, who’s been AFK for almost a year, is on the list. Crypto Influencers’ algorithm could use some work, but as guilty pleasures go, it’s hard to shake.

What do you think of Crypto Influencers’ algorithm? And who else is missing from the list? Let us know in the comments section below.


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Mini-POS Launches Zero Confirmation Bitcoin Cash Point-of-Sale Terminal

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Mini-POS Launches Bitcoin Cash Point-of-Sale Terminal

Technology

Just recently a development team from the UK has created a bitcoin cash (BCH) point-of-sale server which allows brick and mortar merchants to accept BCH as a form of payment in-store. The startup has started an initial pre-sale, and BCH Mini-POS devices will begin shipping this summer.

Also read: Québec Premier: We’re Not Really Interested in Bitcoin Mining

Mini-POS Allows Zero Confirmation BCH transactions In-Store

The decentralized cryptocurrency bitcoin cash (BCH) will soon have a point-of-sale (POS) server available for merchants running a business in physical locations. The BCH Mini-POS is intended for small merchants and stores says the startup. Further, the device is compatible with a web browser and also allows merchants to accept 0 confirmation BCH transactions in-store. Additionally, the server solution is open source and its codebase can be reviewed on Github.        

“Although it is an internet-connected device, at no point are any private keys stored within Mini-POS server,” explains the startup.

There are zero on-going costs when using Mini-POS server to accept Bitcoin Cash transactions. Unlike in the fiat world, all transaction fees are paid for by the sender of the transaction i.e the customer, not the merchant.

Mini-POS Launches Bitcoin Cash Point-of-Sale Terminal
The Mini-POS server and terminal package.

Settle in 10-15 Seconds

In order to use the Mini-POS system, the merchant simply types the amount charged in the terminal application. The device server checks the live exchange rate with conversion rates in multiple local currencies. Following this, the terminal displays an on-screen QR code tied to a generated BCH receiving address. The customer merely scans the QR and sends the payment to the merchant. Because the server accepts 0-confirmation transactions the process is very quick as the development team explains:     

Approximately 10-15 seconds later, once Mini-POS server has confirmed the 0 confirmation transaction is ‘in the Bitcoin Cash mempool’ via multiple sources, the Mini-POS terminal displays a ‘Payment Completed’ window and completes the transaction as ‘Finished’, before returning to the welcome page ready to process the next payment.

Mini-POS Launches Bitcoin Cash Point-of-Sale Terminal

The machine has Wi-Fi and Bluetooth capabilities alongside an ethernet connection. The company has started its pre-sale, and the Mini-POS server and cashier terminal kit is currently $200 USD. An additional Mini-POS terminal can be purchased for $75 while the standalone server is selling for $125. In September of 2018, the development team plans to launch a wallet that allows fiat conversion and plans to outsource product manufacturing by October. The server and terminal system are currently being tested at a UK based store. 

What do you think about Mini-POS server? Let us know what you think about this product in the comments below.

Disclaimer:Bitcoin.com does not endorse this product/service. Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Images via Shutterstock and the Mini-POS Cash website. 


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Bitcoin Futures Launch in the UK

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Bitcoin Futures Launch in the UK

Featured

Coinfloor have announced their group of cryptocurrency exchanges will now include Coinfloorex, a bitcoin futures exchange. Offering “institutional grade risk management and governance,” traders, hedge funds, and miners will get bitcoin futures “at scale” through “specifically designed cryptocurrency contracts and operational controls.”

Also read: Québec Premier: We’re Not Really Interested in Bitcoin Mining

Coinfloor Launches Physical Bitcoin Futures

“Our mission is to build a bridge between Fiat currency and cryptocurrency,” Obi Nwosu, CEO of Coinfloor stressed, “to drive the stability and sustainability of cryptocurrency. Numerous market participants are calling on existing cryptocurrency exchanges that provide futures contracts to switch from cash to physical settlement. However, making that transition will be very difficult for them to achieve. We understood this requirement from the start, and have worked for over two years to bring this functionality to market. Now, institutional investors and traders can capitalise on market dynamics, within their own risk parameters and in line with their individual trading strategies.”

As such, Coinfloor claims to have launched the “first physically delivered cryptocurrency futures contract” through its newly created crypto exchange, Coinfloorex. The contracts were “created to protect investors and traders against price slippage on positions at time of settlement, as well as concerns of market manipulation.”

Bitcoin Futures Launch in the UK

The company is well-known in the ecosystem, having been around since early 2013, using a peer-to-peer crypto exchange model. Bitcoin vetted brokers are connected to investors in bitcoin. Using a local bank, buyers are able to send money directly to sellers. They were also an early adopter of solving the normal two-step conversion between fiat and bitcoin. Coinfloor was one of the first to try a no-fee trading model, but later reinstated fees at the end of last year. It also continues to play an active role in courting regulators to take crypto seriously.

The innovation this time around seems to be the “physical delivery” aspect of bitcoin futures. “Settlement is based on physical delivery rather than an index price from across other exchanges, which provides maximum pricing transparency. Access to Coinfloor’s spot exchange enables investors to easily convert Bitcoin to Fiat currency post-physical delivery, creating opportunities for longer-term currency appreciation or through meeting Bitcoin-denominated obligations,” the company explained.

Bitcoin Futures Launch in the UK

For any crypto exchange, hacking is an issue. Anticipating such worries, “Security of the exchange is underscored by 100% multi-signature cold storage cryptocurrency custody
facility, safeguarding client portfolios from theft, loss or other security issues associated with partially online or online only storage of assets. Coinfloor also provides monthly solvency audits of Bitcoin balances, which gives institutional investors assurance that Coinfloorex has sufficient Bitcoin liquidity to manage market fluctuation,” the announcement explained.

Ultimately the product is aimed at more savvy “sophisticated investors.” April of this year is the date physical delivery of the bitcoin futures contract (XBT) is to be made. 

What are your hopes, if any, for British bitcoin futures? Let us know in the comments!


Images via Pixabay, Coinfloor. 


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PR: Repo Blockchain Set to Release Repo Coin

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Repo Blockchain Set to Release Repo Coin

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

For many people, the cryptocurrency market seems far out of reach. Repo Blockchain is about to change that. The Repo Coin project is not fundraising through an ICO, but plans on allowing participants to earn their tokens instead. This avoids the public sale FOMO frenzy that gets people throwing their money around.

Repo Blockchain is hoping to partner with leaders in the auto finance industry to enhance the auto repossession process, while rewarding users for their participation with Repo Tokens. The concept is simple: scan license plates and receive reward tokens for identifying tagged vehicles.

The Repo Coin app, once released, will allow users to earn tokens that can be claimed for items on their website which range from gift cards to an incredible Tesla Model 3!

In addition, Repo Blockchain will be launching the “We Care” program, a fund that will be used to purchase vehicles for those who are truly struggling. The contest will ask entrants to submit a video, and Repo token holders will vote for their favorite. To get the program started, Repo Blockchain has pledged one million tokens!

To learn more about Repo Blockchain and their non-traditional ICO release, visit their website http://repocoin.io/

Please note that the purchase, ownership, receipt, or possession of Repo tokens carries no rights, express or implied, other than the right to use such tokens to participate, interact or transact on the decentralized Repo Coin blockchain platform. Repo tokens are not intended to be utilized outside the Repo Coin platform nor as a digital currency, security, or any kind of financial instrument, and anyone wishing to participate should first review the complete terms and conditions available on the Repo Coin website.

Contact Email Address
osrie@repocoin.io
Supporting Link
http://repocoin.io/

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

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Financial Professionals Bet On Rising Cryptos, UK Report

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Financial Professionals Bet On Rising Cryptos, UK Report

Finance

New survey among financialprofessionals in Britain shows that more than half of those who have invested in cryptocurrencies, plan to buy more coins this year. Despite recent market volatility, only 8 percent of the interviewed intend to sell their cryptos. The majority of the investors expect crypto valuations to rise over the next 12 months.  

Also read: The Wealthy Want Crypto but Don’t Understand It, Survey Shows

Optimism, Despite Volatility

British financial services professionals and retail investors are mostly optimistic about the near future of cryptocurrencies and are looking to increase their exposure. 54 percent of them expect their prices to rise over a 12-month period. Only 32 percent anticipate a decrease, according to a new survey, released by Citigate Dewe Rogerson.

The study also found that 56 percent of those interviewed intend to acquire more digital money. Another 31 percent plan to retain or sell some of their crypto holdings, and only 8 percent will get rid of all their coins. 146 people in the UK have participated in the online survey, conducted by the Consumer Intelligence unit of the communications company. 104 of them still owned cryptocurrencies, when they were questioned at the end of February.

Financial Professionals Bet On Rising Cryptos, UK Report

The authors of the “Investor Perception: Cryptocurrencies” report say that 32% of the experts anticipate a dramatic increase in the prices of cryptos by 2021. Another 18 percent predict a slight rise. At the same time, those who believe valuations will fall are just 28 percent.

“Many cryptocurrencies have seen a huge increase in valuations, but also exceptional levels of volatility”, said Phil Anderson, Executive Director at Citigate Dewe Rogerson. “Cryptocurrency millionaires have been created, but many other investors have lost money. Despite the significant levels of volatility and price fluctuations, our research reveals many financial professionals remain optimistic about the future for cryptocurrencies”, he added.

Anderson also noted that at the beginning of the year, the market capitalization for cryptocurrencies was around $800 billion. “Over half of the financial professionals (59 percent) expect it to be over $1 trillion by 2021, while 15 percent anticipate it to be more than $2 trillion”, he said, quoted by Verdict. Only 19 percent of the respondents think the market will shrink and that the market cap will be below $800 billion.

Cryptos to Attract Billions

Expectations for new regulations remain high among financial professionals, with 62 percent anticipating a substantial increase of regulatory pressures within the next two years. Despite that, 22 percent of the experts think the use of digital currencies for payments and money transfers will increase dramatically. Another 48% have more moderate expectations, but also predict a rise within the next five years. Phil Anderson says:

Whatever the future holds for the cryptocurrency market, one thing is certain – it will continue to attract billions of dollars, dominate the headlines and fuel heated debate about what is likely to happen.

The majority of the participants in the survey believe big companies will benefit the most. More than two thirds of the respondents say larger firms will increase their crypto holdings in the next three years. 68 percent think corporations will be tempted to use cryptocurrencies with smart contracts and other blockchain applications.

About 54 percent expect more companies to be using cryptos for fundraising. 44 percent of the financial experts anticipate a serious increase in the use of blockchain technologies, while 33% think their introduction will be more moderate.

What are your expectations for the near future of cryptocurrencies? Share your thoughts in the comments section below.


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Florida State Citrus Employee Arrested for Mining Cryptocurrencies

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Florida State Citrus Employee Arrested for Mining Cryptocurrencies

News

This week a government employee working for Florida’s Department of Citrus (FDoC) was arrested for purported cryptocurrency mining using the department’s computers. According to the Florida Department of Law Enforcement (FDLE) agents, the IT manager mined BTC, LTC, and other digital currencies.

Also Read: Nasdaq-Listed Marathon Begins Bitcoin Mining Operations, Stock Up 32%

Mining Cryptocurrency Using Government Computers

Florida State Citrus Employee Arrested for Mining CryptocurrenciesThe FDLE has filed charges against an IT manager named Matthew McDermott who is accused of mining cryptocurrencies using the FDoC’s computer system. Additionally, the police say McDermott paid $22,000 USD for 24 graphic processing units (GPU) using the Citrus agency’s credit card as well. The FDLE reveals that McDermott was taken to Polk County Jail and is being charged with grand theft and misconduct. McDermott will appear before the 10th Judicial Circuit for the mining allegations.     

“Through the diligence of the executive management team at the Florida Department of Citrus, our agency was able to minimize losses to the state,” FDLE Commissioner Rick Swearingen detailed during the arrest.

Thanks to the Citrus agency’s quick and appropriate action, we were able to investigate and arrest Matthew McDermott.

Florida State Citrus Employee Arrested for Mining Cryptocurrencies

Utility Bills Increase by 41%

Besides purchasing GPUs with a government credit card, FDLE agents discovered that McDermott had “multiple computers at the Department of Citrus” tethered to a mining pool. Moreover, police said that the Citrus agency’s electric bills had spiked last year.

“The IG noted that utility bills for the agency had increased by 41% between October 2017 and January 2017 — the increase amounted to nearly $825.00,” says the FDLE.

The news follows other government employees and IT staffers accused of mining cryptocurrencies in states like Louisiana, New York, and other regions. McDermott’s bail is set at $5,000 for the alleged crimes.

What do you think about the government employees mining cryptos on the state’s dollar? Let us know in the comments below.


Images via Pixabay, the FDoC, and the FDLE. 


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Playboy Plans to Integrate Multi-Cryptocurrency Wallet

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Playboy TV Plans to Integrate Multi-Cryptocurrency Wallet

News

On March 14, the adult industry leader Playboy Enterprises announced the integration of cryptocurrency payments starting with its Playboy TV web portal. According to the announcement, customers will be able to access adult content, exclusives, and augmented reality (AR) and virtual reality (VR) initiatives in the future.

Also Read: Bitcoin Futures Predictions Volumes Grow

Increased Payment Flexibility

Playboy TV Plans to Integrate Multi-Cryptocurrency WalletPlayboy is an adult lifestyle and entertainment company that was founded in 1953 by Hugh Hefner. The firm became one of the first adult industry leaders within the sex industry and continues to be a dominant player. Headquartered in Beverly Hills, California, Playboy Enterprises publishes magazines, websites, television broadcasts, and radio in roughly 180 countries worldwide. Now the firm plans to introduce cryptocurrency payments for its online services starting with its Playboy TV subsidiary.

Reena Patel, the chief commercial officer and head of operations for Playboy Enterprises, stated:

As the popularity of alternative payment methods continues to grow around the world, along with the reach of Playboy’s digital platforms, we felt it was important to give our 100 million monthly consumers increased payment flexibility.

Playboy TV Plans to Integrate Multi-Cryptocurrency Wallet

Rewarded for Engaging with Playboy Offerings

According to Playboy, the company will integrate a multi-cryptocurrency wallet that will hold a variety of top digital assets and a coin called Vice Industry Token (VIT). By using cryptos to pay for exclusive adult content, customers will be able to “earn tokens to view Playboy.TV’s original content, as well as comment on and vote for content.”

“This innovation gives the millions of people who enjoy our content, as well as those in the future who participate in our casual gaming, AR and VR platforms, more choices with regard to payment and in the case of VIT, an opportunity to be rewarded for engaging with Playboy offerings,” explains Patel.

This isn’t Playboy’s first rodeo with cryptocurrencies as the Playboy Brand Website; Playboy Plus started accepting BTC payments back in February of 2014.

What do you think about Playboy TV adding a crypto-wallet? Do you think cryptocurrencies and adult entertainment is a good mix? Let us know your thoughts in the comments below. 


Images via Playboy Magazine, Playboy TV, and Pixabay. 


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Privacy Coin Verge Has Its Twitter Hacked and Developer Doxed

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Privacy Coin Verge Has Its Twitter Hacked and Developer Doxed

Services

Verge, a cryptocurrency that advocates “advanced privacy as a choice”, had its Twitter account hacked on Tuesday and its developer’s private details shared. The attacker then bragged about the feat to the account’s 265,000 followers and attempted to scam them out of verge (XVG) cryptocurrency. By the time the account had been restored, the price of XVG had dipped in value, and it remains 5% lower against BTC today.

Also read: EOS, Cardano and Tezos: Sleeping Giants Starting to Stir

Verge Developer Sheds Some Privacy

Twitter account hijackings, while relatively uncommon, can happen to even the largest of accounts. They’ve happened to celebs, and in the crypto space they’ve happened to smaller players like Etherdelta and now Verge. When the XVG team regained access to their account, some hours after the hack, they instantly blamed AT&T, implying that the network had allowed itself to be socially engineered and the account ported over via SIM swap. This would be less embarrassing than if it were to emerge, for instance, that the project lead had failed to use 2FA.

After the hack had occurred, the compromised Verge account sent out the following message:

Privacy Coin Verge Has Its Twitter Hacked and Developer Doxed

It’s impossible to verify the claim that 1 billion XVG (or about 6% of the total supply) were stolen, though it seems unlikely. For one reason, if the account’s new owner was sitting on that much crypto, they’d have had no need to send out their next tweet, begging followers to send a little XVG to “receive more back”. The attacker seems to have just been having some fun in a community famed for its intolerance of negativity towards Verge.

Not FUD, Just News

XVG lead developer Justin was the target of the hack, which led to his personal account, as well as the official Verge account, being compromised, and his photo ID published. The Verge family were quick to suggest that the attacker acted because they had felt “threatened” by the altcoin’s ascendancy. They also blamed Twitter for the hack, in between asserting, perhaps in jest, that verge was “the real bitcoin”.

Privacy Coin Verge Has Its Twitter Hacked and Developer Doxed

While Verge’s Twitter account hasn’t had much luck with security, it’s fared better at developing a passionate and single-minded community. Once back in charge of its own account, Verge went on to retweet messages of support, including one which referred to “continuous attacks and FUD from those wanting to do harm to the coin”. In this case, the only harm seems to have been a loss of face for the lead developer, and perhaps a few XVG to anyone who was dumb enough to send money to the wallet address provided by the hacker. At least one community member shared the offending tweet in a Verge Telegram group, under the impression that the giveaway was real.

This particular incident hasn’t ended badly, assuming no coins were stolen and it was only a Twitter account that was temporarily taken. The case serves as a reminder, though, to everyone in crypto to use 2FA and be alert to signs of SIM swapping and other forms of social engineering.

Do you think the hacker was going for Verge specifically or just looking for an easy target? Let us know in the comments section below.


Images courtesy of Shutterstock, and Twitter.


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Coinbase Granted E-Money License by UK’s Financial Conduct Authority

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Coinbase Granted E-Money License by Uk’s Financial Conduct Authority

Regulation

Coinbase appears poised to increase its global market share for licensed cryptocurrency exchanges. It recently hired a mergers and acquisitions veteran who handled more than 40 deals for Linkedin, signaling its intent to start gobbling up competitors in the industry. Now it’s also established a new legal beachhead in the UK from which it can further penetrate the European bitcoin market.  

Also Read: Coinbase Launches Cryptocurrency Trading Tax Calculator

FCA E-Money License

Coinbase Granted E-Money License by Uk’s Financial Conduct AuthoritySan Francisco-based cryptocurrency exchange Coinbase has announced it has been granted an e-money license by the UK’s Financial Conduct Authority (FCA), allowing the company to issue “e-money” and provide payment services. This means Coinbase will have to match operations by traditional operators like the segregation of client funds, where all customer fiat balances must be separated from company funds and kept in separate bank accounts. Furthermore, the FCA license allows financial services companies to trade freely in any other European Union member state with minimal additional authorization under what is known as the EU passporting system.

“For our customers, this will ultimately help us deliver a better experience through new partnerships and an easier to use product. We are committed to making sure customer funds are always secure and this update means that our e-money operations have safeguards and operational standards at par with other regulated financial institutions,” commented Coinbase UK CEO Zeeshan Feroz. “Our e-money license will extend beyond the UK to 23 countries within the EU. We believe that this is an important step towards our commitment to making cryptocurrency accessible to everyone.”

8x Growth

Coinbase Granted E-Money License by Uk’s Financial Conduct AuthorityCoinbase also announced it will add support for the Faster Payments Scheme (FPS), offering local clients a familiar, seamless and faster payment experience which is supported by all major UK banks. Replacing the Single Euro Payments Area (SEPA) will start with a pilot, giving just a selected number of institutional users access to FPF, but will eventually begin rolling out to all UK customers in a few weeks.

Lastly the company is set to significantly up its manpower in the British capital. “Since we began offering our services to European users in 2014, we have seen the crypto space grow significantly. The EU grew twice as fast as any of our other markets in 2017, and the UK continues to be our largest market here. In order to meet this increasing demand we plan to grow our London team 8x by the end of this year,” stated CEO Feroz.

Is Coinbase going to take over the global market for licensed bitcoin exchanges? Share your thoughts in the comments section below!


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Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.

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