Rememberful Bitcoin News.
South Korea’s leading crypto exchange Bithumb plans to issue ICO token in Singapore since FSC banned ICOs in 2017. #NEWS
South Korea’s leading crypto exchange Bithumb plans to issue ICO token in Singapore since FSC banned ICOs in 2017. #NEWS
The Crimean government is considering a crypto investment fund in order to accept foreign capital while avoiding sanctions. #NEWS
The Crimean government is considering a crypto investment fund in order to accept foreign capital while avoiding sanctions. #NEWS
Comments from IMF head Christine Lagarde regarding taking an “even handed approach” to crypto legislation, coupled with 22 European states declaring their support for a European Blockchain Partnership this week, reveals a growing commitment to the bloc…
Comments from IMF head Christine Lagarde regarding taking an “even handed approach” to crypto legislation, coupled with 22 European states declaring their support for a European Blockchain Partnership this week, reveals a growing commitment to the blockchain economy in the European Union
Belgium has contributed €2 Million to support U.N. World Food Programme projects, including its blockchain payments pilot for Syrian refugees.
Belgium has contributed €2 Million to support U.N. World Food Programme projects, including its blockchain payments pilot for Syrian refugees.
Perfect exchange? There might be a way. #ANALYSIS
Perfect exchange? There might be a way. #ANALYSIS
Top industry investors Andreessen Horowitz and Union Square Venture ask SEC for crypto oversight exemption, SEC agrees to allow ‘limited exemption’. #NEWS
Top industry investors Andreessen Horowitz and Union Square Venture ask SEC for crypto oversight exemption, SEC agrees to allow ‘limited exemption’. #NEWS
Yi-Ting Cheng, CEO of crypto exchange OTCBTC, will run for mayor of Taiwan’s capital city. #NEWS
Yi-Ting Cheng, CEO of crypto exchange OTCBTC, will run for mayor of Taiwan’s capital city. #NEWS
As cryptocurrencies become more widely accepted by mainstream financial institutions, former Goldman Sachs Investment banker Matt Levine predicts that the future of tradings will be on Wall Street alongside the stock exchange. With a growing number of investors entering the cryptocurrency market with large sums of capital, banks are beginning to see the economic benefit of facilitating …
The post Analyst Predicts Future of Bitcoin Trading on Wall Street appeared first on BitcoinNews.com.
As cryptocurrencies become more widely accepted by mainstream financial institutions, former Goldman Sachs Investment banker Matt Levine predicts that the future of tradings will be on Wall Street alongside the stock exchange.
With a growing number of investors entering the cryptocurrency market with large sums of capital, banks are beginning to see the economic benefit of facilitating their investments. One of the largest banks in the UK, Barclays Plc has just taken the cue from Goldman Sachs, now offering a Bitcoin trading desk.
The trading desks are designed to help clients make the most beneficial exchanges, while only dealing with cryptocurrencies that comply with all necessary regulations. The banks offer a range of services for their clients, including lending, brokering deals, market-making, custody of finances and market research.
As Levine frames it, the more these services in the cryptocurrency market become critical to clientele, the more banks are expected to provide these services. Hedge funds managing cryptocurrency assets have become increasingly common, requiring banks to handle trades, prime brokers, and serve as custodians.
The biggest issue for banks right now is a lack of clear regulation, as they are strictly prohibited from providing any unregulated services.
Levine has said that banks may be inclined to domesticate cryptocurrency should the demand from clients be high enough. He noted that this trajectory may well be viewed unfavorably by who he describes as ”cryptocurrency true believers”, recognizing that many have adopted cryptocurrencies as a rejection of the traditional financial system.
“[They] may be disappointed if cryptocurrency trading ends up being dominated by the likes of Barclays and Goldman Sachs,” said Levine.
Bitcoin futures contracts have promoted easier entry into the market for fund managers, allowing investors to hedge Bitcoin exposure, or harness its performance with a futures product. Platforms such as CME offer what they describe as a ”cost-effective way to trade financial and commodity markets”.
Whether digital currencies will be fully adopted by big banks is still up for debate, as is how the cryptocurrency community will accept this. The market cap for digital currencies currently stands at around USD 330 billion, a number that Wall Street is surely watching.
The post Analyst Predicts Future of Bitcoin Trading on Wall Street appeared first on BitcoinNews.com.
Cointelegraph |
Bitcoin is Not A Tool For Illegitimate Transactions, Says Quebec Chief Scientist
Cointelegraph The Chief Scientist of Quebec Rémi Quirion says public concern that Bitcoin is being used for illicit activities like tax evasion and money laundering is largely overblown, Forbes reports April 18. The statement prepared by the l’Agence Science-Presse … |
Cointelegraph | Bitcoin is Not A Tool For Illegitimate Transactions, Says Quebec Chief Scientist Cointelegraph The Chief Scientist of Quebec Rémi Quirion says public concern that Bitcoin is being used for illicit activities like tax evasion and money laundering is largely overblown, Forbes reports April 18. The statement prepared by the l'Agence Science-Presse ... |
Litepay’s demise sees TenX, Korbit partner with Litecoin. #ANALYSIS
Litepay’s demise sees TenX, Korbit partner with Litecoin. #ANALYSIS
Credits.Energy, the “crypto with a mobile mining app that supports green energy,” aims to virtually eliminate the cost of supporting renewable energy. We asked Credits.Energy COO, Jared Wells, to explain what the current barriers to entry are in the renewable energy market: “Mainstream adoption of solar and wind power is all about efficiency. Obviously, if I put a solar panel on my house, I need batteries to harness that power overnight, charge controllers to manage wattage and voltage, and a way to integrate that energy into the power system. These same basic components are required whether you have 1 panel
Credits.Energy, the “crypto with a mobile mining app that supports green energy,” aims to virtually eliminate the cost of supporting renewable energy. We asked Credits.Energy COO, Jared Wells, to explain what the current barriers to entry are in the renewable energy market:
“Mainstream adoption of solar and wind power is all about efficiency. Obviously, if I put a solar panel on my house, I need batteries to harness that power overnight, charge controllers to manage wattage and voltage, and a way to integrate that energy into the power system. These same basic components are required whether you have 1 panel or 400 panels . . . 1 turbine or 50 turbines. . . . So while the overall cost per watt in the solar and wind power harnessing platform decreases incrementally by increasing the number of generation components involved in the system, it is inversely more expensive per unit of electricity to implement the smaller scale systems that can be afforded by an individual homeowner. In addition to that, there are so many people who live in leased or rented housing and are unable to attach solar panels or wind generators to their residences or who maybe just can’t afford to have their own system.”
Credits.Energy intends to resolve this problem by allowing for simple purchasing and management of the CRED cryptocurrency token through their intuitive website and mobile applications. CRED provides a way for the average person to support renewable energy in fairly priced increments that change in value proportionally, whether you’ve purchased 100 or 1 million. Here’s how it works: participants can download the Android App, the iOS app (released 04/16/18) or visit the website to purchase CRED using PayPal, Bitcoin, or Ethereum. Funds raised through the sale of CRED are then used to invest in projects that harness the earth’s renewable energy sources such as solar farms, wind farms, and renewable agricultural projects. Proceeds from those projects are then used to purchase CRED from exchanges to be “burned,” which removes those tokens from circulation forever. This should cause the Total Market Value of CRED to disperse among an ever-decreasing token supply, thereby raising the value of all remaining tokens by the percentage of the value of those that were burned.
Mr. Wells explained it this way: “Many of the other projects currently being developed in the cryptocurrency energy sector rely on users to create and manage the power creation, which their platform then tokenizes and markets. Similarly, the comparable micropayment token providers rely on mass adoption of their token to increase the sentimental value of the tokens, a portion of which the companies then liquidate to pay for ongoing business expenses. Both of these approaches place the “burden” of value creation on the token users. This approach not only drains liquidity from the market, but provides little incentive for team members to continue backing a project after it stabilizes. The value of CRED, however, will be supported directly through the investment, establishment, operation, and research of solar and wind power generation and sustainable agricultural projects. Only 5% of our total token supply will be retained for use to develop infrastructure, research and development, and operations costs. We feel that this is more than adequate, as our goal is to be paying all ongoing corporate expenses and performing quarterly coin burns within 4 months after our first solar farm is completed.”
We hear about research and development often in the cryptocurrency space but almost exclusively wherein it relates to blockchain technology. The Credits.Energy team is looking at it much differently, however. As one of their recent investors noted, “Technological improvements in the coal, oil, and gas industries can only serve to increase the amount of energy derived from a measured unit of that natural resource, yet only finite amounts of those resources are available on the planet. When using green energy on the other hand, technological advancements not only allow people to derive more energy from the same measurement of source products, but they also allow us to capture more of that source which, no matter how much we use, will be here long after our children’s children pass away.” They’ll be working with industry leaders like the US Department of Energy’s National Renewable Energy Laboratories to employ the latest technologies in their perpetual upgrade program. This, partnered with the continual reinvestment and expansion policy they’ve adopted, dramatically increases their future growth possibilities, thus the strength of the token value.
Renewable energy is really just one facet of the Credits.Energy project though. The team believes that the peer-to-peer micro-payment capabilities of their web and app-based wallets will help the “unbanked” in less developed nations enter the newly-formed “even playing field” cryptocurrency has introduced to the financial world. By utilizing the mobile miner, people will be able to mine CRED from their phone and exchange those tokens for other cryptocurrencies or fiat when needed. This ease of use, combined with the anonymity of the CryptoNight algorithm that keeps hackers from tracking your purchases and expenditures on the blockchain, gives users unprecedented value, control, and peace of mind. Credits.Energy has truly developed a way for people to support each other while protecting our precious planet—and this individuality and forethought clearly stands out as a winner in a sea of otherwise lackluster offerings.
For 100 free CRED, join our Telegram Airdrop that kicked off first thing Thursday morning. Proceed to https://t.me/cred_cx to join the airdrop.
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.
So if you haven’t heard by now, the Bitmora Exchange launches in less than a month, but what can we expect? Bitmora is not an ordinary exchange; they’re doing everything differently. From their low fees, all the way to their unique voting system, they’ve set out to be a real contender in 2018. Bitmora has acquired a few partnerships, one of which is with AlphaPoint, a leading Fintech provider based out of New York City. They also have their order books connected with both Bitstamp and Bitfinex, and have brought in a strong banking relationship. Last but not least, Bitmora
So if you haven’t heard by now, the Bitmora Exchange launches in less than a month, but what can we expect?
Bitmora is not an ordinary exchange; they’re doing everything differently. From their low fees, all the way to their unique voting system, they’ve set out to be a real contender in 2018. Bitmora has acquired a few partnerships, one of which is with AlphaPoint, a leading Fintech provider based out of New York City. They also have their order books connected with both Bitstamp and Bitfinex, and have brought in a strong banking relationship. Last but not least, Bitmora is one of the first exchanges along with Poloniex and Coinbase to submit registration to the SEC to be fully legal and regulated. Bitmora is in the perfect position to change the future of exchanges forever, and to bring real trust to them.
Since late 2017 some exchanges have significantly improved. However, some issues still were not addressed. To begin, customer support and verification times can be long and cumbersome. Bitmora is launching with live phone support and they also guarantee 12 hours or less ticket response times to solve the issue of waiting days or even weeks for a question to be answered.
This past year, the news surrounding cryptocurrency exchanges has not been good. Everything from money laundering, hacks, and even embezzlement has come to surface on numerous exchanges. With Bitmora aiming to be an SEC registered ATS in the US, the oversight and transparency they are required to provide to the public are much greater than any other before. The trust factor with being regulated is like no other and shows the commitment behind their team.
Not only has Bitmora brought in some real innovation, but they’re also aiming to be the first cryptocurrency exchange to offer full fiat trading support. This means you can directly deposit funds with your bank account or debit card and trade it between all pairs, along with full withdrawal support. While it’s not confirmed if this will be ready for launch, the Bitmora team has stated that fiat support will be ready very shortly after launch, in as little as four weeks.
The future for Bitmora is bright. Last week they announced they’ve already put their Decentralized Exchange (DEX) on the drawing board. Not much information has yet been released, but it’s said it would have many of the same features as their current centralized exchange and be very different from other decentralized exchanges. An estimated release date for this has not been confirmed, but in a recent Tweet, they mentioned late 2018.
They’ve got a lot to offer and while their community backing is still fairly low, they don’t seem too fazed by it. Bitmora has seen their ups and downs over the past year when they first announced development, but they’ve proved that they could quickly become real competition to some of the largest exchanges currently on the market.
Website: https://bitmora.com/
Twitter: https://twitter.com/bitmora_inc
Facebook: https://www.facebook.com/bitmorainc/
Telegram: https://t.me/bitmora
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.
Brazil is home to half of South America’s population and wealth, and right now, the country’s largest investment broker firm may be primed to launch an over-the-counter (OTC) bitcoin exchange.XP Investimentos has…
Brazil is home to half of South America’s population and wealth, and right now, the country’s largest investment broker firm may be primed to launch an over-the-counter (OTC) bitcoin exchange.
XP Investimentos has not made any official announcements on the matter, but according to reports in Portal do Bitcoin on Tuesday, April 17, 2018, the investment firm is behind a new company called XDEX with around $7.5 million in capital. Portal do Bitcoin did some research and connected the two the companies.
As the story goes, XP previously registered a new company called XP Coin Intermediacao. In November 2017, at the time cryptocurrency markets were on fire, XP Coin changed its name to XDEX and got a $1.5 million influx of cash. Later, in February 2018, it received another $6 million.
While not much is known about the new cryptocurrency exchange, Portal do Bitcoin claims that a source unwilling to expose his or her identity said that XDEX was planning to do an OTC market, meaning it would focus on large fiat and Bitcoin transactions — in other words, heavyweight investors.
OTC simply means that the trade does not show up in the order books, like it does on exchanges such as GDAX or Kraken. Instead, in an OTC scenario, XP would act as a middleman connecting someone who wants to sell a large stash of bitcoin with a buyer who has a large sum of cash. The advantage of selling OTC is that traders can lock in their gains with one big trade; whereas if they were to sell through an exchange, the price could start slipping as the order was filled. For its part, XP would take a cut in brokering the deal.
In speaking with Bitcoin Magazine, Claudio Rabin, the reporter at Portal do Bitcoin who broke the story, said that an executive at one of the largest cryptocurrency exchanges in Brazil informed him that XP was already conducting OTC cryptocurrency trades.
For years, XP fancied itself as an alternative to traditional banking. In 2015, the investment firm went after new clients with an anti-banking ad campaign that included a commercial dubbed “desbancarize seus investimentos,” an expression that roughly translates to “unbank your investments.”
But that was before Brazil’s largest bank, Unibanco Holding, acquired a 49.9 percent stake in XP for $2 billion in May 2017. Since that time, XP has begun taking a keen interest in cryptocurrencies. In September 2017, the firm registered the “XP Bitcoin” brand at the National Institute of Industrial Property, an early hint that it was planning to open a future bitcoin brokerage. Soon after, in November 2017, XP hired Brazilian digital currency expert Fernando Ulrich as its chief economist of cryptocurrency, another strong signal the brokerage was inching into the space.
Brazil has been light on cryptocurrency regulation. In December 2017, Brazil’s central bank and securities regulator issued a joint warning to investors that virtual currencies had no official oversight in the country. In January 2018, Brazil’s securities regulator prohibited local investment funds from buying cryptocurrencies, saying cryptocurrencies cannot be considered financial assets. Now, with the country’s biggest financial players getting into the game, regulators may have reason to take a stronger stance.
In response to a request for comment from Bitcoin Magazine, a spokesperson for XP said in an email, “We have nothing to say about this matter.” Its website, Xdex.com.br, was unavailable at press time.
This article originally appeared on Bitcoin Magazine.
DALLAS, TX – Richard Jacobs is the best-selling author of Bitcoin, Ethereum, and Blockchain, and organizer of the Future Tech Expo, which takes place in September 2018. As a sneak preview of what is to come at this conference, he has just published a free podcast that reveals brand-new intelligence which strongly suggests that Bitcoin could be returning to $10-15k+ territory by summer. “Almost all the ‘smart-money’ blockchain investors I know agree that Bitcoin is undervalued, and are loading up right now while its price is relatively low”, said Mr. Jacobs. He adds: “Why are they so confident? It’s because
DALLAS, TX – Richard Jacobs is the best-selling author of Bitcoin, Ethereum, and Blockchain, and organizer of the Future Tech Expo, which takes place in September 2018. As a sneak preview of what is to come at this conference, he has just published a free podcast that reveals brand-new intelligence which strongly suggests that Bitcoin could be returning to $10-15k+ territory by summer.
“Almost all the ‘smart-money’ blockchain investors I know agree that Bitcoin is undervalued, and are loading up right now while its price is relatively low”, said Mr. Jacobs. He adds: “Why are they so confident? It’s because there are three specific developments in the pipeline – game-changers that are going to fundamentally alter the economics of Bitcoin and generate a lot of positive news flow.”
Since Monday, Mr. Jacobs has been sending out daily “Future Tech Gold Rush” podcasts – i.e. insider briefs on seven technologies, including Bitcoin and blockchain, that are set to provide early investors with the chance to get behind the next major tech disruption – and he is sending them to everyone who is registered on the email notification list for his Future Tech Expo in September.
If you sign up now (it’s 100% complimentary), you can still listen to and download every episode, including the Bitcoin episode that reveals the three game-changer developments that are set to send Bitcoin soaring by summer. (You’ll get the download links in an email as soon as you sign up.)
NOTE: This special podcast series is only available until April 30th, when all seven of the “Future Tech Gold Rush” intelligence briefs will be deleted from the internet and no longer available.
Do you want to get these crypto and future tech intelligence briefs too – before they are taken down?
If so, follow the link below and sign up to the Future Tech Expo notification list. Not only will you receive all seven of these “Future Tech Gold Rush” briefs, you’ll also benefit from a special discount on tickets to the conference itself – which takes place in September at Dallas.
Subscribe to the “Future Tech Gold Rush” free podcast series:
https://www.thefuturetechexpo.com/notification-list/
###
Press contact:
Richard Jacobs
(888) 448-4590
The Future Tech Expo is the only conference in North America that’s bringing all the top players from the domains of blockchain tech, artificial intelligence, 3D printing, virtual/augmented reality, drone technology, and even quantum computing – so you can get informed, get connected, and get exclusive access to investment opportunities that are “off-limits” to normal folks.
This three-day conference will be held at the Dallas Convention Center, close to Dallas/Fort Worth International Airport, in September. We are expecting more than 2,000 attendees, 100 headline speakers, and 150 exhibitors – with talks from developers, entrepreneurs, venture capitalists, and other “smart money” investors who are out to find the next Bitcoin and get behind it early.
More information is available at:
https://www.thefuturetechexpo.com/register/
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.
Learn how you can get hundreds of FREE Nauticus Coins Cryptocurrency exchanges are a license to print money — with the top ten exchanges generating up to $3 million a day in fees, according to Bloomberg. Indian tax officials estimate the figure is even higher, putting the total annual income of the top ten is around $6.25 billion a year. A Nauticus Exchange survey of some of the top exchanges suggests revenue is growing exponentially. Binance made $7.5 million in fees in its first quarter after opening last year, but by March it was making more than $40 million in fees a month — and that’s
Learn how you can get hundreds of FREE Nauticus Coins
Cryptocurrency exchanges are a license to print money — with the top ten exchanges generating up to $3 million a day in fees, according to Bloomberg.
Indian tax officials estimate the figure is even higher, putting the total annual income of the top ten is around $6.25 billion a year.
A Nauticus Exchange survey of some of the top exchanges suggests revenue is growing exponentially. Binance made $7.5 million in fees in its first quarter after opening last year, but by March it was making more than $40 million in fees a month — and that’s with their current 50% trading fee discount. Huobi has half the volume but makes even higher profits due to higher fees — around $54m a month. Even Kucoin is making $1.8 million a month.
And that’s before the profit they make charging exorbitant fees to list new coins. Business Insider reports ICOs are being charged between $50,000 and $1 million to list their new coins, depending on the size and popularity of the exchange. Listing on Binance reportedly costs between $350,000 and $1 million USD.
Exchanges have also seen spectacular growth in their homebrand coins. KuCoin Shares, which launched in September, increased by 2738 percent to its all time high. The Huobi token increased 64 percent to its peak despite launching in challenging market conditions in February. But the all star performer is the Binance Coin which offers a 50 percent reduction on trading fees. It increased more than 22,000 percent to its all time high, and is currently 12,000 percent up on launch. It’s made everyone who invested in the Binance ICO very wealthy.
So if launching an exchange and a coin can make such large returns why isn’t everyone doing it?
Well, it takes a lot of money, time and regulatory hassles to launch an exchange, which is why there are only 170 worldwide taking advantage of this explosive growth in crypto.
Nauticus Exchange, due to launch in the next three months, will soon be one of them.
The ICO surpassed its softcap during the presale period so the exchange will definitely proceed. The Nauticus Coin hopes to emulated the success of the wildly popular Binance Coin by adopting its 50 percent fee reduction strategy.
With 100 crypto and six fiat currencies, the Exchange aims to be a one stop shop — the only exchange users ever need. More than 230,000 users have already signed up to the platform, which is registered with the Australian Government regulator AUSTRAC.
Nauticus Exchange has just announced a limited-time, heavily discounted, early-bird coin listing offer — with special arrangements for new ICOs. Contact [email protected] for more details.
The Nauticus Exchange ICO is on now, with a 15 percent bonus until April 14 and a 10 percent bonus until April 21.
For more information and to read the White Paper head tohttps://www.nauticus.io/
New users receive 100 free coins just for registering. A further 200 free coins are available for completing our user survey, which will help Nauticus tailor the exchange to users’ needs. Click here.
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.