Mastodon

The central bank of Jamaica is actively building cryptocurrency awareness

The Jamaica Information Service (JIS) recently reported that the government is actively “building cryptocurrency awareness.” The statement was provided on Wednesday, by the Bank of Jamaica (BOJ) Deputy Governor Livingstone Morrison, at the central bank’s quarterly media briefing.

Morrison says the central bank must create opportunities for the exploitation of certain technologies, including cryptocurrency, while pointing out that such technologies should not pose undue risk to the local financial system.

The Bank has also established an internal group of persons who are working to build awareness of these kinds of technological happenings across the world. The group are also guiding regional efforts.

The Jamaica Information Service (JIS) recently reported that the government is actively “building cryptocurrency awareness.” The statement was provided on Wednesday, by the Bank of Jamaica (BOJ) Deputy Governor Livingstone Morrison, at the central bank’s quarterly media briefing.

Morrison says the central bank must create opportunities for the exploitation of certain technologies, including cryptocurrency, while pointing out that such technologies should not pose undue risk to the local financial system.

The Bank has also established an internal group of persons who are working to build awareness of these kinds of technological happenings across the world. The group are also guiding regional efforts.

Bitcoin is Not Bubble Says John McAfee in Interview with RT – CoinTelegraph


CoinTelegraph

Bitcoin is Not Bubble Says John McAfee in Interview with RT
CoinTelegraph
“It is not a speculative investment even though it is being used as such by other people. As Bitcoin network grows the value of Bitcoin grows. As people move into Bitcoin for payments and receipts they stop using US Dollars, Euros and Chinese Yuan

and more »


CoinTelegraph

Bitcoin is Not Bubble Says John McAfee in Interview with RT
CoinTelegraph
“It is not a speculative investment even though it is being used as such by other people. As Bitcoin network grows the value of Bitcoin grows. As people move into Bitcoin for payments and receipts they stop using US Dollars, Euros and Chinese Yuan ...

and more »

LAToken takes crypto economy to multitrillion dollar markets

This week Bitcoin hit a record high of $4,480, and its market capitalization reached as high as $73.5 billion, within touching distance of major stocks like Adobe and Netflix. If bitcoin was a stock, it would have already passed the market capitalization of Paypal. There are already dozens of cryptocurrencies worth eight figures, and the birth … Continue reading LAToken takes crypto economy to multitrillion dollar markets

The post LAToken takes crypto economy to multitrillion dollar markets appeared first on NEWSBTC.

This week Bitcoin hit a record high of $4,480, and its market capitalization reached as high as $73.5 billion, within touching distance of major stocks like Adobe and Netflix. If bitcoin was a stock, it would have already passed the market capitalization of Paypal. There are already dozens of cryptocurrencies worth eight figures, and the birth … Continue reading LAToken takes crypto economy to multitrillion dollar markets

The post LAToken takes crypto economy to multitrillion dollar markets appeared first on NEWSBTC.

Fast, furious and very global Mission Accomplished. Now, ICO.

After shattering pre-ICO goal with overwhelming results, KICKICO goes public with cryptocurrency sales on Aug. 29 pre-ICO launched on July 28  by perspective and first 3-in-1 platform for ICOs, crowdfunding & crowdinvesting – Kickico – demonstrated overwhelming results and collected 5,560 ETH  already within one week – even before its officially planned closing. The implication … Continue reading Fast, furious and very global Mission Accomplished. Now, ICO.

The post Fast, furious and very global Mission Accomplished. Now, ICO. appeared first on NEWSBTC.

After shattering pre-ICO goal with overwhelming results, KICKICO goes public with cryptocurrency sales on Aug. 29 pre-ICO launched on July 28  by perspective and first 3-in-1 platform for ICOs, crowdfunding & crowdinvesting – Kickico – demonstrated overwhelming results and collected 5,560 ETH  already within one week – even before its officially planned closing. The implication … Continue reading Fast, furious and very global Mission Accomplished. Now, ICO.

The post Fast, furious and very global Mission Accomplished. Now, ICO. appeared first on NEWSBTC.

Ethereum Price Technical Analysis – ETH/USD Approaching Support

Key Highlights ETH price surged higher and traded as high as $344.46 against the US Dollar. There is a connecting bullish trend line with support at $308 forming on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is approaching the $310-308 support area and likely to find buyers on the dips. Ethereum … Continue reading Ethereum Price Technical Analysis – ETH/USD Approaching Support

The post Ethereum Price Technical Analysis – ETH/USD Approaching Support appeared first on NEWSBTC.

Key Highlights ETH price surged higher and traded as high as $344.46 against the US Dollar. There is a connecting bullish trend line with support at $308 forming on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is approaching the $310-308 support area and likely to find buyers on the dips. Ethereum … Continue reading Ethereum Price Technical Analysis – ETH/USD Approaching Support

The post Ethereum Price Technical Analysis – ETH/USD Approaching Support appeared first on NEWSBTC.

Bitcoin, Blockchain Splits And What It Means For Business – Forbes


Forbes

Bitcoin, Blockchain Splits And What It Means For Business
Forbes
Virtual currency Bitcoin is undoubtedly the most visible implementation of the technology right now – its rapid growth in value has made it attractive to speculative investors but businesses are increasingly accepting it for goods and services.

and more »


Forbes

Bitcoin, Blockchain Splits And What It Means For Business
Forbes
Virtual currency Bitcoin is undoubtedly the most visible implementation of the technology right now – its rapid growth in value has made it attractive to speculative investors but businesses are increasingly accepting it for goods and services.

and more »

Solar DAO – Invest to the SUN, First Real Solar ICO

solardao icoSolar DAO (https://solardao.me) is a closed-end fund created by a team of Russian energy experts and designed to invest in PV solar plants around the world. Solar DAO creates a new financial tool that empowers small investors to participate in financing the construction of solar energy plants worldwide, circumventing technical barriers. Solar DAO white paper matches the project’s ambitious vision with a detailed strategy and is available at: http://solardao.me/files/wpeng.pdf The project has already gained traction in the Bitcoin community: https://bitcointalk.org/index.php?topic=2020066 Solar DAO will be financed through the ICO for tokens that will grant access to the project’s full profit (100%)

solardao ico

Solar DAO (https://solardao.me) is a closed-end fund created by a team of Russian energy experts and designed to invest in PV solar plants around the world. Solar DAO creates a new financial tool that empowers small investors to participate in financing the construction of solar energy plants worldwide, circumventing technical barriers.

Solar DAO white paper matches the project’s ambitious vision with a detailed strategy and is available at: http://solardao.me/files/wpeng.pdf

The project has already gained traction in the Bitcoin community: https://bitcointalk.org/index.php?topic=2020066

Solar DAO will be financed through the ICO for tokens that will grant access to the project’s full profit (100%) through the quarterly distribution of dividends. The preliminary ICO will be held from July the 27th until August the 31st, and could be finished earlier if the team achieves $4M, the capital target of this stage.

Technology: How PV solar plants work

PV (photovoltaics) is a conversion of sun energy into electricity with the help of solar panels that transform sunlight into direct electrical current (DC) with voltage up to 1500 V. At the PV solar plant, the panels are mounted on supporting structures and connected into successive chains. The chains of the solar panels are connected in groups to the on-grid inverters, which transform DC (direct current) to AC (alternating current).

Electricity is then sold to the central grid at a special tariff called Feed-in-Tariff (FiT). The tariff operates in accordance with the Power Purchase Agreement (PPA) lasting up to 25 years. The PPA is the principal means for ensuring the ROI and profit generation for the solar plants.

PV solar plants are currently used by 143 countries worldwide. The total installed capacity of PV plants globally has increased more than 170 times during the last 16 years: from 1.4 GW in 2000, up to 237.3 GW in 2015, and is expected to grow. According to the most recent forecast of U.S. Energy Information Administration, solar energy will become the predominant source of renewable generation in the near future, representing more than 50% of new capacity additions between 2030 and 2040.

Economies of Scale & Transaction Costs

With solar energy’s declining capital costs and anticipated growth of global solar capacity, the industry looks increasingly promising for prospective investors.

The main problem for investing in PV solar plants is its high capital requirements. A prospective investor aiming to invest $100’000 or less faces various legal and technical issues, such as:

  • Technical audit and legislation research

  • Legal entity registration and costs related to the ownership

  • Deal execution and intermediaries’ charges

Relying on intermediary services, one would see transaction costs rising up to 50% of the planned investment ($50’000). Needless to say, this makes the investment opportunity significantly less attractive.

Solar DAO aims to resolve this problem and democratize access to investments in PV solar plants for private investors with budgets as modest as $1. According to the project’s vision, this aim is to be achieved by seizing the advantages of blockchain technology that allows for a drastic reduction of transaction costs. Solar DAO opens up the opportunity for the investors worth $100 or less to gain profit from PV solar plants construction and management.

The Sunrise: What Solar DAO brings to the market

Solar DAO will be operating as an investment fund that will construct, launch and manage  PV solar plants, continuously expanding their capacity. The project will scale up by selling constructed  PV solar to refinance the construction of the new ones with larger capacity. Profit will be generated both ways.

Constructed PV solar plants will be managed by the Solar DAO. “DAO” stands for Decentralized Autonomous Organization, an entity run by smart contracts, self-executing and self-enforcing computer protocols that do not require intermediary participation and thus greatly reduces contracting costs.

Solar DAO uses Ethereum blockchain, currently the most used smart contracts platform. Ethereum allows the users to anonymously buy, own, and trade Solar DAO tokens, as well as acquire dividends as a result of the project’s work. Like shares, the tokens are tradable; however, the owners are protected from the common issues of corporate governance thanks to smart contracts. The smart contract technology ensures accountability and transparency of the  PV solar plants construction, freeing the users from agency problems and securing their identity.

The Team

Solar DAO has a dedicated team of solar energy professionals with 25 years worth of expertise.

The project is conducted under the auspices of UNISOLEX, formerly known as Solar Wind. Founded in 1991, Solar Wind launched the production of solar modules for industrial customers, notably for spacecraft engineering. Between 2000 and 2013, while continuing sales of the solar panels to Europe, Canada, and Australia, the company earned a reputation for being a major expert in solar plants construction. It has also expanded geographically, participating in solar plant construction projects in Germany, Portugal, Czech Republic, and Italy (more than 70 MWp of PV solar plants).

In the same decade, Solar Wind helped to start new solar energy production facilities in Russia, Spain, and Israel. Since 2013, the company, renamed UNISOLEX, develops and realizes investment projects in solar plants construction for its own customers, in Europe and beyond.

The Solar DAO opportunity

Over the years, the team has built up a solid body of expertise in PV solar plants construction and management. Based on this knowledge, Solar DAO has developed a detailed due diligence procedure to reduce investment risks, involving complex technical and legal audits of  PV solar projects.

In that respect, Solar DAO is similar to closed-end venture capital funds. However, as different from VC, it focuses on a proven technology with an established market and reliable future. The best proof of this is the project’s impressive geography, including  PV solar plants in Israel, Slovenia, Portugal, Kazakhstan, and Ukraine, and expanding further. In particular, Solar DAO is looking forward to enter the markets of Slovenia, Croatia, India, and beyond.

With its ability to combine field-specific expertise with cutting-edge technological solutions like Ethereum blockchain, Solar DAO offers a promising opportunity for risk-averse small investors to join continuously developing solar energy industry.

This summer is the time of opportunity for investors to acquire membership in the project and access to its full profit. Solar DAO is conducting a Pre-ICO crowdsale campaign until the 31st of August. The company issued 80M tokens at a price of $1 per token, and offers lucrative bonuses for the early birds (up to 100% for those joining in the first week). Since undistributed tokens will be destroyed, and the release of additional ones is closed out, this is the first and the last opportunity to join the venture on extremely favourable terms. Join in to catch the sun on rise!

Follow the project on Telegram: https://t.me/solardao

Disclaimer: This is a sponsored press release and does not necessarily reflect the opinions of any The Merkle employees. This is not investment or trading advice, always do your own independent research.

Bitcoin Cash Price Technical Analysis – BCH/USD Declining Channel

Key Points Bitcoin cash price extended its correction and even traded below the $700 level against the US Dollar. There is a crucial descending channel pattern with resistance near $620 forming on the hourly chart of BCH/USD (data feed from Kraken). The price might continue to decline in the short term and could even retest … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Declining Channel

The post Bitcoin Cash Price Technical Analysis – BCH/USD Declining Channel appeared first on NEWSBTC.

Key Points Bitcoin cash price extended its correction and even traded below the $700 level against the US Dollar. There is a crucial descending channel pattern with resistance near $620 forming on the hourly chart of BCH/USD (data feed from Kraken). The price might continue to decline in the short term and could even retest … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Declining Channel

The post Bitcoin Cash Price Technical Analysis – BCH/USD Declining Channel appeared first on NEWSBTC.

IRS Now Has a Tool to Unmask Bitcoin Tax Cheats – Daily Beast


Daily Beast

IRS Now Has a Tool to Unmask Bitcoin Tax Cheats
Daily Beast
You can use bitcoin. But you can’t hide from the taxman. At least, that’s the hope of the Internal Revenue Service, which has purchased specialist software to track those using bitcoin, according to a contract obtained by The Daily Beast. The document …


Daily Beast

IRS Now Has a Tool to Unmask Bitcoin Tax Cheats
Daily Beast
You can use bitcoin. But you can't hide from the taxman. At least, that's the hope of the Internal Revenue Service, which has purchased specialist software to track those using bitcoin, according to a contract obtained by The Daily Beast. The document ...

Bitcoin Price Technical Analysis for 08/22/2017 – Downtrend Underway?

Bitcoin price could be due for a long-term selloff on confirmation of this head and shoulders formation.

The post Bitcoin Price Technical Analysis for 08/22/2017 – Downtrend Underway? appeared first on NEWSBTC.

Bitcoin price could be due for a long-term selloff on confirmation of this head and shoulders formation.

The post Bitcoin Price Technical Analysis for 08/22/2017 – Downtrend Underway? appeared first on NEWSBTC.

Bitcoin Prices Dip Below $4000 to Hit 7-Day Low – CoinDesk


CoinDesk

Bitcoin Prices Dip Below $4000 to Hit 7-Day Low
CoinDesk
Following a period of record highs, average prices across global exchanges declined at the start of trading on August 22, having already dipped more than $150 already from the day’s open. At press time, bitcoin was trading at $3,894, its lowest total


CoinDesk

Bitcoin Prices Dip Below $4000 to Hit 7-Day Low
CoinDesk
Following a period of record highs, average prices across global exchanges declined at the start of trading on August 22, having already dipped more than $150 already from the day's open. At press time, bitcoin was trading at $3,894, its lowest total ...

Bitcoin Prices Dip Below $4,000 to Hit 7-Day Low

The bitcoin price is back below $4,000, falling below a notable milestone that some may now be beginning to view as the peak of its rally.

The bitcoin price is back below $4,000, falling below a notable milestone that some may now be beginning to view as the peak of its rally.

Launch of Farad Cryptoken, First Cryptocurrency With Actual Economic Value

farad cryptokenDubai, 21st August 2017 – The FARAD Cryptoken Program (“FRD”) was introduced to the market today through its official launch at The Ritz-Carlton, Dubai International Financial Centre. FRD is a unique cryptocurrency which captures two of the latest technological innovations: Ultra-capacitor and Blockchain, combining two of the most potent industries – Energy Storage and Internet & Telecommunications. The FRD program, officiated by Dr. Wan M Hasni, Chief Executive Officer of FARAD Program will kickstart the FRD’s Initial Coin Offering (“ICO”) Pre-Sale which will run from the 25th August to 14th September 2017, followed by the actual ICO from 15th September to

farad cryptoken

Dubai, 21st August 2017 – The FARAD Cryptoken Program (“FRD”) was introduced to the market today through its official launch at The Ritz-Carlton, Dubai International Financial Centre. FRD is a unique cryptocurrency which captures two of the latest technological innovations: Ultra-capacitor and Blockchain, combining two of the most potent industries – Energy Storage and Internet & Telecommunications.

The FRD program, officiated by Dr. Wan M Hasni, Chief Executive Officer of FARAD Program will kickstart the FRD’s Initial Coin Offering (“ICO”) Pre-Sale which will run from the 25th August to 14th September 2017, followed by the actual ICO from 15th September to 30th September 2017, where 1.28 billion FRD will be offered for sale.

FARAD sets itself apart from other cryptocurrencies as it is backed by real economic activity and cash flow through the manufacturing of high-end Ultra-capacitors within actual factory settings. The energy storage innovation which FARAD represents is in the invention, manufacturing and delivery of these ultra-capacitors, while the Blockchain is based on Ethereum ERC20 Smart Contract.

In his welcoming speech Chairman & CEO of the FARAD Program; Dr. Wan M Hasni shared, “The FRD has strong economic fundamentals and is the first of its kind among the cryptocurrencies that are currently available in the market. Our aim is to allow cryptocurrency holders unique and safe access to the ultra-capacitor market by narrowing down their participation to the initial stage of the FARAD ultra-capacitor products manufacturing process. In order to achieve the aim above, the public will be offered an opportunity to hold the FRD.”

He added that, “Funds raised from the ICO exercise will be used for purchasing of equipment, procure stock for raw material (metal oxides and carbon based materials), fund further intellectual property protections (patents) and Blockchain development of the manufacturing process, to cover marketing costs for the ultra-capacitor business as well as the marketing and promotion for the ICO”.

“Each FRD represents a right to the forward production of Ultra-capacitor Cells (“UCC“) defined by the millifarad (“mF”) of the UCCs. A total of 1.6 billion mF will be produced over a period of 36 months.” he added.

The ultra-capacitors produced by the factory will be recorded in the blockchain system, which will ensure a fully transparent process, fully accountable and fully auditable by anyone at any time, using the Blockchain public records. This will provide trust and security for FRD subscribers.

The global ultra-capacitor market is expected to reach USD 8 billion by 2024, increasing to USD 9.88 billion by 2025. Through many years of Research and Development, the Farad team is confident with the invention of these unique ultra-capacitors which are able to outperform other available ultra-capacitors. The Farad ultra-capacitor is a breakthrough device based on proprietary electrochemical technology that bridges the performance gap between batteries and capacitors. This product has been designed to enable technology companies to solve many of their most challenging power and cost management problems.

farad 2

Among the unique characteristics of the Farad ultra-capacitor include being the smallest and thinnest in the world with the highest power density and fastest rise time of all ultra-capacitors. It is able to supply hundred times the power level attainable from batteries and store hundred times more energy for a given volume than conventional capacitors. The FARAD ultra-capacitor can be applied across the entire portable power source territory ranging from Wireless Telecommunications, Portable Power Tools, Automotive, Solid State Disk (SSD), IoT, Robotics, Medical, Military Weaponry, mobile propulsions, as well as Electric and Hybrid Electric Vehicles among others.

The manufacturing plant for the Farad ultra-capacitors is located in Wuzhou City, Guangxi Province of China, with a first phase production floor area of 20,000 sq meters.
The FARAD Cryptoken Programme is a result of partnership between Farad Ltd., Hong Kong SAR, Virtue Fintech FZ-LLC, Dubai, UAE (Program Manager & Blockchain Developer), HK Beidou Aerospace New Technology Co. Ltd. Hong Kong SAR & Guangxi Beidou Aerospace New Technology Co. Ltd., Wuzhou City, Guangxi Province, PRC (Program Executor).

Also present at the launch were; Mr. Muhamed Catic, Chairman of FARAD Program Advisory Board; Dr. Abdulla Mangoosh, Vice Chairman of FARAD Program Advisory Board and Chairman of Emirates House Group LLC; Mr. Tony Morris, Advisory Board Member and President of American Maglev Technology Company, USA; Dr. Abdul Rahman Abdul Khaleq, Advisor to U.A.E. Presidential Affairs Ministry; Mr. Andras Kristof, Chief Technology Supervisor, FARAD Program; Mr. Satriya Suetoh, General Manager of HK Beidou Aerospace New Technology Co Ltd; and many other dignitaries from the United Arab Emirates, China, South Korea, Malaysia, Thailand, Indonesia, Botswana, and others globally.

More info at www.farad.energy

Bitconnect Coin Announces a Change in Its Logo

Bitconnect Coin, one of the fastest-growing altcoins in the history of cryptocurrencies has announced a change in its branding. The change was affected after another company with a similar logo raised an objection. HubSpot, a leading online marketing, and management solutions platform recently sent a letter to Bitconnect stating that the cryptocurrency platform’s branding clashes … Continue reading Bitconnect Coin Announces a Change in Its Logo

The post Bitconnect Coin Announces a Change in Its Logo appeared first on NEWSBTC.

Bitconnect Coin, one of the fastest-growing altcoins in the history of cryptocurrencies has announced a change in its branding. The change was affected after another company with a similar logo raised an objection. HubSpot, a leading online marketing, and management solutions platform recently sent a letter to Bitconnect stating that the cryptocurrency platform’s branding clashes … Continue reading Bitconnect Coin Announces a Change in Its Logo

The post Bitconnect Coin Announces a Change in Its Logo appeared first on NEWSBTC.