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To TRX Coin Holders: “Mainnet Launches Often Clip Price”: Tron, IOTA, Stellar Lumens, Litecoin and EOS Technical Analysis (June 20, 2018)

Over all, yesterday was a pretty good day for alt coins. Fact is we saw higher highs in most coins under our radar and spearheading this recovery was Tron. At some point, Tron was up 20 percent and this comes some five days before Tron’s mainnet launch which like others often come with dip in

The post To TRX Coin Holders: “Mainnet Launches Often Clip Price”: Tron, IOTA, Stellar Lumens, Litecoin and EOS Technical Analysis (June 20, 2018) appeared first on NewsBTC.

Over all, yesterday was a pretty good day for alt coins. Fact is we saw higher highs in most coins under our radar and spearheading this recovery was Tron. At some point, Tron was up 20 percent and this comes some five days before Tron’s mainnet launch which like others often come with dip in prices. But, if yesterday’s momentum continues and most importantly this week end up bullish then it’s most likely that TRX would edge higher.

Let’s have a look at these charts:

EOS Technical Analysis

All things constant, it’s easy to point hands and even thrash EOS for their efforts. Yes, there was a glitch on Saturday but it was resolved-quickly and that’s what counts. It’s not EOSIO fault either as their protocol demands an emergency protection mode when low hanging bugs threaten to destabilize or even fork the system.

By all accounts, the response from Block One was swift. Even after patching up the system, proposing new updates and flagging off normal operations, Block Producer (BP) voting continues. EOS Canada and EOS New York are front runners but that doesn’t mean BitFinex, who were so influential during coin staking don’t stand a chance. What we know though is that the list of 21 BPs keep changing and before the final tally is out, we shall be watching EOS price stability closely.

“Block Producers are required to follow a candidacy process that involves submitting informational documentation. In addition, ensure Block Producer’s various communities like TG, FB, Meetup, and more are consistently active.”

On to the charts and even though EOS is up two percent in the last 24 hours, buyers are equally rejecting lower prices. Our main support stands at $10 while buy triggers are at June 14 highs at $13. Before we conclude on short to medium term trend direction, let’s wait and see where price action will lead us to. Generally speaking, odds are bears might come on top but June 18 bullish candlestick seems to neutralize sell pressure. In fact, overly there is a little bit of altcoins positive sentiment. We might even see a bullish confirmation as prices race and break above our short term consolidation triggering our buys.

Litecoin (LTC) Technical Analysis

Despite this two month LTC price slide, we cannot overlook the fact that LTC adoption is across the board and global. Even the Litecoin Foundation can attest to this saying support from businesses has been nothing but “incredible”. We can attribute this directly to their social media campaign urging coin holders to pay merchandise from LTC supporting outlets. To boost this, there is a website dedicated to spread awareness and market LTC accepting merchants all over the world.

Encouragingly, LTC might be bottoming. So, at current valuation, it’s but a good time to ramp up this coin. In the last 24 hours alone, LTC is up five percent and with yesterday’s close, there was a perfect follow through buoying sentiment as a result. While we are generally bearish from a top down approach, buying on this pull back with stops at $100 or June 14 lows can be a good trading strategy. However, should you take a conservative stand and wait for our official buy triggers at $110 to be hit, then the better.

Stellar Lumens (XLM) Technical Analysis

Apparently, there is a resuscitating crypto tide sweeping through the markets and after June 18 support, Stellar Lumens stands a chance of recovering previous losses. It’s already up six percent in the last 24 hours and is slowly lifting itself from the 20 cents dredges sellers threatened it with last week. If anything, risk-off traders are free to buy and trade in the direction of yesterday’s participation.

In another way, waiting for up-thrusts above 25 or 30 cents would be conservative but solid. Like before, Stellar Lumens bull targets stands at 50 cents. Overly, both trade plans are optimistic and could easily be over rode by bears angling for 7 cents.

Tron (TRX) Technical Analysis

It is five days before the official Tron mainnet launch. But the question remain: will the mainnet bug strike and reverse possible gains? It has been the case and we saw that when Tron began checking its network for bugs and later it struck shortly after EOS mainnet launch.

Anyhow, we can take relieve expecting further gains today now that TRX despite trending in the midst of strong bears is the top performer in the last 24 hours. It’s up seven percent and today we might see buyers inching closer to 5 cents triggering our buys. Because of this, our buy targets is at 6.5 cents, 8.5 cents and later 10 cents.

IOTA (IOT) Technical Analysis

In the chart, IOTA is up roughly two percent in the last 24 hours and even though we had these nice higher highs yesterday confirming that bullish pin bar of June 18, we shall be in the sideline until when we see strong push above $1.3. Before then and like yesterday, IOTA sellers are still in charge.

The post To TRX Coin Holders: “Mainnet Launches Often Clip Price”: Tron, IOTA, Stellar Lumens, Litecoin and EOS Technical Analysis (June 20, 2018) appeared first on NewsBTC.

Top Russian Banks Roll out Crypto Portfolios to Legitimize Digital Currency Trading

Russian paper Kommersant reported last Friday that Sberbank and Alfa Bank were planning to launch cryptocurrency portfolios for their clients to legitimize trade and ownership of shares in digital currencies. The assets will trade in the world’s most valuable virtual currencies; Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Monero and Stellar. According to the news, to facilitate this goal, Sberbank …

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Russian paper Kommersant reported last Friday that Sberbank and Alfa Bank were planning to launch cryptocurrency portfolios for their clients to legitimize trade and ownership of shares in digital currencies. The assets will trade in the world’s most valuable virtual currencies; Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Monero and Stellar.

According to the news, to facilitate this goal, Sberbank and Alfa Bank are creating a special fund in Bitcoin and crypto portfolios. The special fund meant for private investors will be traded in major crypto exchanges, which will include Kraken and Bitstamp.

The project is piloted under the watch of the National Settlement Depository and Group IB. National Settlement Depository, a part of the Moscow Exchange Group, will be the custodian of the shared fund. The other project partner is AddCapital, an investment fund reportedly in charge of technical aspects of the project.

The crypto portfolio will comprise each of the six listed cryptocurrencies. However, their combinations will be revised at least four times a year. The revision will be technically balanced by trading algorithms. Alexey Prokofyev, CEO of AddCapital, said that the process would see investors purchase a shared fund.

Even though the report has not indicated the expected project timelines, prototype testing is expected to take at least 45 days. After that, investors will exchange their liquidated shares for fiat currencies at their convenience.

Ana Ivanchuk, the deputy director of Sberbank, said that cryptocurrencies would give the investors an absolutely transparent way to invest while observing the required rules and regulations of compliance.

Outlining the benefits of investing in shares with cryptocurrencies, Anton Rakhmanov, manager of Alfa Bank’s private banking branch, termed the need to recognize digital assets as legal financial assets as a necessity.

At present, the world is jostling to regulate the largely untamed crypto trade. Some national governments have set guidelines and organic laws barring exchange of digital assets for fiat. The Kommersant report says Sberbank and Alfa Bank are operating in a crypto welcoming environment.

 

Image Source: Pixabay – quinntheislander

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Turcoin Ponzi Scheme Exposed, Founders Flee with Millions

Turcoin Ponzi Scheme Exposed, Founders Flee with MillionsTurkey’s so called “national” crypto, Turcoin, has turned out to be a classical example of a Ponzi scheme, local media reported. The founders of the “alternative” digital currency are believed to have fled the country with millions of dollars collected from defrauded investors. The company behind the Turkish token stopped distributing dividends earlier in June. […]

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Turcoin Ponzi Scheme Exposed, Founders Flee with Millions

Turkey’s so called “national” crypto, Turcoin, has turned out to be a classical example of a Ponzi scheme, local media reported. The founders of the “alternative” digital currency are believed to have fled the country with millions of dollars collected from defrauded investors. The company behind the Turkish token stopped distributing dividends earlier in June.  

Also read: Indian Ponzi Scheme-Funded Cryptocurrency Mine Raided by Police

‘National, Alternative, Rivaling Bitcoin’

Turcoin, presented as a “rival to the global virtual currency bitcoin,” has been exposed as just another Ponzi scheme, after the executives of the project suddenly disappeared, according to local press reports. The Turkish altcoin, advertised as a national alternative digital currency, was launched by the Istanbul-based company Hipper A.Ş. founded by Muhammed Satıroğlu and Sadun Kaya last year.

Turcoin Ponzi Scheme Exposed, Founders Flee with MillionsIn what sounds like a familiar scenario, every new participant in the network was supposed to bring more revenue to the person who signed them up. And as it happens with most financial pyramids, Turcoin crumbled as soon as growth grounded to a halt amid rising suspicions.

Hipper hit the headlines in Turkey with a lavish gala organized to promote the cryptocurrency last year. The event was attended by many Turkish celebrities, Hürriyet recalls. The company has also reportedly given away about 20 luxurious cars to the token’s early adopters.

The project suddenly stopped paying bonuses in early June. Since then, desperate investors have been trying to reach its Istanbul office without much success. “I am ruined. I don’t know what to do,” a 38-year-old man, who bought Turcoins worth 560,000 TL, almost $120,000 USD, told the daily. Hipper’s website is still online, currently offering “Cloud mining rental services.”

Billion Turkish Liras – Gone?

According to Sabah, the executives of Hipper have left Turkey with 1 billion TL stolen from thousands of defrauded investors. Many of them were lured with promises of monthly incomes of 250 TL (~$52) in return for an investment of 1,500 TL (~$315), the newspaper reported. Angry members of the scheme have raided the company’s office in the northwestern province of Kocaeli after their calls remained unanswered.

Turcoin Ponzi Scheme Exposed, Founders Flee with Millions

“I was only a mediator. Our company, Hipper, does not even have a single dollar in the bank. All the money went to Sadun Kaya’s company in Cyprus,” Muhammed Satıroğlu, one of Hipper’s founders, told Hürriyet. The daily wrote that he owns 49 percent of the company that issued the Turcoins.

Turcoin Ponzi Scheme Exposed, Founders Flee with Millions
Muhammed Satıroğlu and Sadun Kaya

Satıroğlu has joined investors in filing a criminal complaint against his partner, Sadun Kaya, who is said to hold 51 percent of the Turkish company and is thought to have fled the country with 100 million TL (~$21 million) taken away from about 10,000 people, according to the numbers quoted by Hürriyet. Satıroğlu claims he has not stolen any money and promises to start refunding Turcoin investors as soon as Turkish authorities unfreeze his bank accounts.

Meanwhile, Sadun Kaya, who has reportedly left Turkey, maintains that not he but his partners embezzled most of the money. “Everyone is trying to put the blame on me,” he complained in a conversation with Sabah. Kaya is also chairing the administrative board of Anafis Inc., another company involved in the scheme.

Amidst conflicting reports about the size of the fraud, it’s unclear if Turcoin will turn out to be the country’s biggest Ponzi scheme. The record holder for now, according to the online outlet Ahval, was revealed in March, when authorities in the northwestern province of Sakarya launched an investigation against Çiftlik Bank. Its 26-year-old founder Mehmet Aydın fled to Uruguay after reportedly collecting more than 500 million TL (~$128 million USD) from some 78,000 people in just two years.

Do you think authorities should take measures to prevent obvious Ponzi schemes? Share your thoughts on the subject in the comments section below.


Images courtesy of Shutterstock, Ahval, Turcoin.


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Most Millionaires Are Interested In Cryptocurrencies, Survey Finds

A poll conducted by Capgemini found that the majority of millionaires are very or somewhat interested in holding cryptocurrencies as an investment and as a store of value. While most wealth management firms have been ambivalent regarding providing virtual currency investment information to clients, over two-thirds of high-net-worth individuals aged 40 and below would find

The post Most Millionaires Are Interested In Cryptocurrencies, Survey Finds appeared first on NewsBTC.

A poll conducted by Capgemini found that the majority of millionaires are very or somewhat interested in holding cryptocurrencies as an investment and as a store of value. While most wealth management firms have been ambivalent regarding providing virtual currency investment information to clients, over two-thirds of high-net-worth individuals aged 40 and below would find it valuable.

Poll Says 55.9% of Millionaires Consider Investing In Cryptocurrencies

Capgemini, a leader in consulting, technology and outsourcing services based in France, released The World Wealth Report 2018 (WWR) on Tuesday. The document states that high-net-worth individuals’ wealth – defined as those having investable assets of US$1 million or more, excluding primary residence, collectibles, consumables and consumer durables – has surpassed the US$70 trillion threshold for the first time ever in 2017.

The survey, which was based on responses from more than 2,600 HNWIs across 19 major wealth markets in North America, Latin America, Europe and Asia-Pacific, found that millionaires have grown their interest in cryptocurrencies but remain cautious regarding the asset that peaked in market capitalization in early January 2018.

The poll found that 29 percent of participants have a high degree of interest, while 26.9 percent said they are somewhat interested in cryptocurrencies for its potential for investment returns and as a store of value. There is a negative correlation between their age and their interest in virtual currencies, with 71.1 percent of HNWIs aged 40 and below placing high importance on receiving information from their wealth managers. Only 13 percent of millionaires aged 60 and above have that kind of interest.

Most wealth management firms, however, have yet to onboard the cryptocurrency investment train as only 34.6 percent of the high-net-worth individuals surveyed have received information on the topic from their wealth managers. The report point to regulatory uncertainty and firm caution as the main causes of cryptocurrencies’ lack of penetration within the wealth management industry. Younger millionaires and their growing cryptocurrency enthusiasm, however, may force wealth managers to at least develop and offer analysis on the topic in the coming months.

The buy-side business seems to be failing to connect “very well” to its clients on Capgemini standards. The French consulting group draws the line at 70 percent, but approximately 56 percent of millionaires feel connected to their wealth managers that much.

Many wealth management firms have been progressively entering the cryptocurrency game and financial institution ratings agency Weiss Ratings has become the first to publish cryptocurrency ratings, with grades ranging from A to F. The highest rated digital assets include Ethereum and EOS with a B, while Bitcoin obtained a C+.

 

 

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Jeff Garzik Develops Cryptocurrency Designed to Last Forever

Jeff Garzik, one of the earliest developers of Bitcoin who participated in Bitcoin development between 2010 and 2015, has created and is launching a cryptocurrency named Metronome. The motto of Metronome is “The Built-to-Last Cryptocurrency”, and indeed it is specifically designed to survive as long as blockchains exist. Metronome is designed for cross-blockchain portability. A …

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Jeff Garzik, one of the earliest developers of Bitcoin who participated in Bitcoin development between 2010 and 2015, has created and is launching a cryptocurrency named Metronome. The motto of Metronome is “The Built-to-Last Cryptocurrency”, and indeed it is specifically designed to survive as long as blockchains exist.

Metronome is designed for cross-blockchain portability. A user can decide to transfer their Metronome from one blockchain to another. For example, a user can have their Metronome on the Ethereum blockchain and transfer it to the Bitcoin blockchain. The user removes their tokens from the Metronome supply on the origin blockchain and receives a proof of exit Merkle receipt. This receipt is then used to activate the Metronome smart contract on the destination blockchain.

Essentially, users can choose the best blockchain to keep their Metronome on. Currently, the most secure and popular blockchains are Bitcoin and Ethereum, so those are the blockchains that most Metronome users will probably choose. In the far future, Bitcoin and Ethereum may become obsolete, but Metronome would keep on going since users can simply migrate to the new optimal blockchain.

The cross-blockchain portability technology that Metronome has put into operational use might be essential when quantum computers become a threat in the future. As things are now, the Bitcoin blockchain is theorized to inevitably be compromised by quantum attacks. But if a Metronome-esque protocol is adopted, perhaps Bitcoin can be moved to a quantum blockchain.

A one-week Metronome initial coin offering (ICO) is ongoing as of this writing. It uses the Dutch Auction technique where prices descend with time until a buyer is found. The price started at ETH 2 per Metronome – over USD 1,000 – but is declining continuously until it reaches prices less than a penny or is sold out.

The developers chose the Dutch Auction technique to hinder whales from purchasing all the Metronome, so that everyone gets a fair shot at purchasing coins.

 

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Tron Bought BitTorrent And Crypto Won’t Stop Talking

The founder of a smaller cryptocurrency called Tron is acquiring BitTorrent for $120 million and social media is alight over the real reason “why.”

The founder of a smaller cryptocurrency called Tron is acquiring BitTorrent for $120 million and social media is alight over the real reason “why.”

Chain Accelerator Opens Its Doors to Blockchain, Crypto Startups in France

\Chain Accelerator has launched in France. It is the first startup acceleratordedicated to the blockchain that can call Europe its home. Among the organization’s chief operators are Hyperloop Transportation Techn…

Chain Accelerator Opens Its Doors to Blockchain, Crypto Startups in France

\Chain Accelerator has launched in France. It is the first startup acceleratordedicated to the blockchain that can call Europe its home. Among the organization’s chief operators are Hyperloop Transportation Technologies chairman Bibop G. Gresta, former SWIFT CEO Leonard Schrank, and Ledger president Pascal Gauthier.

The company will assist startups with initial coin offerings (ICOs), business development plans, marketing and public relations.

In a statement, co-founder Nicolas Cantu explained, “At a time when the President and the Government want to make Paris the capital of the ICOs, Chain Accelerator is positioning itself as a key player. By setting up a global and operational network in Paris, it brings together the best talent, extends the circle of contributors, and prepares for disruptions to help blockchain projects develop protocols in all sectors.”

France has been relatively mixed when it comes to blockchain and cryptocurrency culture. Bruno Le Maire, the Minister of the Economy and Finance, has been particularly wary of cryptocurrencies in the past, and has called on regulators to implement strict rules when it comes to governing and controlling their activities.

In May, however, Le Maire expressed a drastic change of heart in a blog post for a French startup, writing:

“A revolution is under way, of which Bitcoin was only the precursor. The blockchain will offer unprecedented opportunities for our startups. I was a neophyte a year ago, but now I’m passionate. Let us show a lot of pedagogy with our fellow citizens to make France the first place of blockchain and crypto-active innovation in Europe.”

The integration of Chain Accelerator in France could help Paris become a major hub for blockchain development. Currently, the executive board of Chain Accelerator consists of over 30 individuals who will serve as mentors to Europe’s growing list of crypto-based startups, thus increasing the company’s potential to succeed and expand.

In addition, as blockchain technology and cryptocurrency garner more acceptance throughout the continent, more startups may arise, seeking the company’s aid.

National Assembly for Paris member Pierre Person states, “In France, as everywhere in the world, blockchain projects face many uncertainties and complexities, whether financial, legal, or technical. Yet this technology will revolutionize our daily lives. As such, it is essential today to have both a legislative framework enabling its full development and structures enabling the emergence of such projects. Our country must become a leader in the blockchain. I am convinced that Chain Accelerator — the first blockchain incubator — will contribute greatly to this.”

Despite its hard work, France will face competition with countries like the U.K. and Switzerland, which have positioned themselves as some of Europe’s primary fintech and cryptocurrency centers. According to U.K. Secretary of State for International Trade Dr. Liam Fox, the country’s fintech space has already attracted over $2.4 billion in investments in 2018 alone, while Switzerland was recently home to four of the world’s largest ICOs.

Chain Accelerator will be headquartered in Paris’s Station F, a large startup campus that opened in the summer of 2017. Station F director Roxanne Varza commented, “The blockchain universe, inherently decentralized, stands out for its global and international nature. Innovation comes from everywhere, talents are rare, the need for support is exacerbated. We are pleased to welcome Chain Accelerator.”

This article originally appeared on Bitcoin Magazine.

Two of Russia’s Largest Banks to Offer Crypto Trading in Six Top Coins

Two of Russia’s largest banks, Alfa Bank and Sberbank, will soon be offering clients access to cryptocurrency portfolios that will permit the trading of six popular coins on major exchanges Kraken and Bitstamp. Crypto Trading Portfolio Alfa Bank is the largest private bank in Russia, while Sberbank is state-owned and is responsible for processing government employee

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Two of Russia’s largest banks, Alfa Bank and Sberbank, will soon be offering clients access to cryptocurrency portfolios that will permit the trading of six popular coins on major exchanges Kraken and Bitstamp.

Crypto Trading Portfolio

Alfa Bank is the largest private bank in Russia, while Sberbank is state-owned and is responsible for processing government employee pay checks.

According to reports from Russian news outlet Kommersant, the two banks plan to enter crypto trading by seeking help from Group IB and AddCapital investment fund, which will be in charge of providing technical solutions for the project. Also aiding in the development is the National Settlement Depository (part of the Moscow Exchange Group), which will be the portfolio’s custodian. 

Anton Rakhmanov, manager of Alfa Bank’s private banking branch said that he hopes the move will ‘speed-up the recognition of the digital assets as legitimate financial assets as soon as possible.’

The portfolio will include the six most popular cryptocurrencies. As per CoinMarketCap, these are Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, and Litecoin. When operational, the portfolio will be altered at least four times in a given year when a trading algorithm will alter the combination of coins offered as necessary.

Alexey Prokofyev, CEO of AddCapital, provided further details:

“The investment process will see investors purchase a share of the fund as the shares are liquid and a client can send them for fiat currencies any time.”

Ana Ivanchuk, Deputy Chairman of Private Banking at Sberbank, was quoted as saying:

“We’d like to offer our clients an absolutely transparent way to invest in digital assets with a full compliance with regulations that will let them invest in the product they are interested in Russia.”

Russian Crypto Regulation

Late last week, also according to Kommersant, Russia’s head of the State Duma Financial Market Committee, Anatoly Aksakov, noted there would soon be some significant changes made to a set of draft laws intended to regulate cryptocurrency in the country.

“Three draft laws are currently being prepared for consideration in the State Duma: ‘On Digital Financial Assets’ (CFA), ‘On Crowd Funding’ (in terms of issue and circulation of tokens), as well as a package of amendments to the Civil Code of the Russian Federation,” Aksakov said.

The changes will mean that usual terms like ‘digital currency’ and ‘digital money’ will be replaced with the term ‘digital rights’ in any legal documents that deal with cryptocurrency regulations.

Additionally, Aksakov clarified that these “digital rights” will not be considered property, as they were previously defined by the Russian Ministry of Justice. It is also possible that “investment platform” and “token exchange operator” will be fused under a single term.

According to the report, the revised bills are expected to be adopted before the first of July. If the laws are adopted, Aksakov said Russia ‘will need to change something in the Tax Code to describe how digital rights will be taken into account for tax purposes.’

Featured image from Shutterstock.

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Nvidia to Develop Blockchain Prototype for Smart Digital Marketing

Chipmaker Nvidia has joined hands with AI startup Ubex to use artificial intelligence and blockchain technology to develop a smart digital marketing platform. Nvidia accepted Ubex into its inception program at the beginning of this month saying its intention was to help neural networks present online ads more efficiently. Ubex noted that the current advertisement techniques …

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Chipmaker Nvidia has joined hands with AI startup Ubex to use artificial intelligence and blockchain technology to develop a smart digital marketing platform.

Nvidia accepted Ubex into its inception program at the beginning of this month saying its intention was to help neural networks present online ads more efficiently.

Ubex noted that the current advertisement techniques on websites were inefficient mainly due to the high cost of data access. As per the sources, the prototype uses artificial intelligence and the blockchain in data access so that clients can access specific data sets without paying for additional data. This enables businesses to target their digital ads to potential customers appropriately.

A Ubex representative termed the newly forged partnership as a unique opportunity to eliminate middlemen in the data industry. The soaring cost of data is prohibitive for most companies to engage in effective digital advertising.

Artem Chestnov, the founder of Ubex, said the main reasons for using blockchain technology is because of its transparency aspect in each and every transaction. Data stored in the distributed system is unalterable, cannot be manipulated and open for access to the general public.

He continued to say that the immense amount of information at the Ubex platform will be analyzed by AI, adding that its prototype would be able to access various data sources ranging from government data, marketing data and mobile network data.

Alluding to the difficulty of learning neural network, Chestnov remained optimistic about effective functioning of AI datasets: ”Training an AI requires a lot of effort. The blockchain base will allow us to attract thousands of sources of information that will be used to enrich our AI’s database and make it faster, smarter, stronger and more efficient.”

 

Image Source: Pixabay – JacekAbramowicz

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Bitcoin Is ‘Not For Me’ Says Goldman Sachs CEO – Coindesk


Coindesk

Bitcoin Is ‘Not For Me’ Says Goldman Sachs CEO
Coindesk
For Lloyd Blankfein, bitcoin just isn’t his thing. The Goldman Sachs chairman and CEO said in an interview on Tuesday that “it’s not for me” when asked about the world’s largest cryptocurrency by market capitalization. Appearing at the Economic Club of
Goldman’s Blankfein Talks Trade, Credit Markets and BitcoinBloomberg

all 68 news articles »


Coindesk

Bitcoin Is 'Not For Me' Says Goldman Sachs CEO
Coindesk
For Lloyd Blankfein, bitcoin just isn't his thing. The Goldman Sachs chairman and CEO said in an interview on Tuesday that "it's not for me" when asked about the world's largest cryptocurrency by market capitalization. Appearing at the Economic Club of ...
Goldman's Blankfein Talks Trade, Credit Markets and BitcoinBloomberg

all 68 news articles »

“I Am the Real Satoshi” Claims Hawaiian Man After Filing Bitcoin Cash Trademark

"I Am the Real Satoshi" Claims Hawaiian Man After Filing Bitcoin Cash TrademarkThis week the Bitcoin Cash (BCH) community had found that two trademark filings for the phrase ‘Bitcoin Cash’ were registered with the United States Patent and Trademark Office (USPTO) over the past year. One trademark filing was registered with the USPTO on May 18, 2018, but the individual who registered it may be an accused […]

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"I Am the Real Satoshi" Claims Hawaiian Man After Filing Bitcoin Cash Trademark

This week the Bitcoin Cash (BCH) community had found that two trademark filings for the phrase ‘Bitcoin Cash’ were registered with the United States Patent and Trademark Office (USPTO) over the past year. One trademark filing was registered with the USPTO on May 18, 2018, but the individual who registered it may be an accused con-artist from Hawaii who was charged with bilking millions of dollars from residents within the Honolulu region in 2001.

Also Read: Chainbet Protocol Adds Trustless Multiplayer Bets, Auctions, and Dice Rolls

A Bitcoin Cash Trademark Filed Last Month by an Interesting Individual Who Claims to Be Satoshi Nakamoto

Following our recent report that detailed how a company from the UK managed to successfully trademark the name ‘Bitcoin’, another odd trademark filing was found tied to the name ‘Bitcoin Cash’ according to public documents. There are two filings with the USPTO that are looking to claim the name Bitcoin Cash for products and goods associated with computer software licensing and online real-time currency trading. The most recent filing, registered on May 18, 2018, applies to computer software licensing and was registered by an individual named Ronald Keala Kua Maria from Hawaii. The USPTO filing also says after Kua Maria’s name ‘AKA Satoshi Nakamoto’ which indicates Kua Maria is claiming to be the inventor of cryptocurrency.

"I Am the Real Satoshi" Claims Hawaiian Man After Filing Bitcoin Cash Trademark

Hawaiian Cargo Container Grifting Accusations and the Ownership of Many Bitcoin-Related Domains

The name Ronald Keala Kua Maria leads people to a rabbit hole of interesting stories regarding this individual and his mother. According to reports in 2001, Kua Maria and his mother were accused of second-degree theft involving phony cargo containers and the two allegedly grifted millions of dollars by scamming Hawaiian residents. The cargo container scam started in 1979, Honolulu’s regional press explains, where Maria began asking acquaintances for funds to invest in fake cargo containers.

"I Am the Real Satoshi" Claims Hawaiian Man After Filing Bitcoin Cash Trademark

Following the 2001 news report, a website was found by the Twitter handle @btcfork called Satoshinakamoto.ws that shows a bit more information about this mysterious trademark filing. The website also contains the trademark copyright notice which states:

I Ronald Keala Kua Maria also known as Satoshi Nakamoto inventor of bitcoin and blockchain technology hereby affirm that all my copyrights including an equity-based electronic reserve currency peer to peer electronic cash system.

The website further has a copy of the original white paper which shows a copy of the document decoded from the BTC blockchain and Kua Maria has titled the paper ‘The Coin of All Coins’. However what is more interesting is Kua Maria’s statements and claimed ownership of many BCH related website domains which include thesatoshinakamoto.com, bitcoincopyrights.com, bitcoincashcopyright.com, bchcopyright.com, and others. Visiting these sites visitors are re-directed to Kua Maria’s URL, rkm.world, which has a gallery of pictures and interesting services that are allegedly provided by the RKM business like a “free basic income plan”. Funnily enough, these services like the free basic income re-directs again back to the Satoshinakamoto.ws web portal.

RKM’s World: “I Own All the Private Keys, Blockchains, Altcoins and Bitcoins Under Copyright Law”    

“There are no other legal assignees or licensees of my copyrights — Any assignments or transfers are not authorized and may be fraudulent,” explains Kua Maria’s cryptic writings on the website. “I do not authorize any assignees or licensees — I did not publish any part of my TXu002037698 work prior to 08/17/2016 — On or about 09/20/2005 my home (address below) was raided by Federal and State authorities joint task force and my computers, laptops, files, inventions, copyrights, etc. were seized.”

I am the real one and only Satoshi Nakamoto — I own all the private keys, blockchains, altcoins and bitcoins under copyright law. In the event of my death, incapacitation, coma, kidnapping, detainment and or incarceration all of my copyrighted works and all related works shall no longer be used by anyone anywhere for any reason at any time subject to change without any notice at any time by Ronald Keala Kua Maria only. I hereby serve legal notice to all users of my copyrighted works to cease and desist all use of my copyrighted works breach subject to copyright infringement.

"I Am the Real Satoshi" Claims Hawaiian Man After Filing Bitcoin Cash Trademark

The Basic Income Plan: $800 USD Per Month

However, after these statements, Kua Maria casually says that individuals and organizations can contact him for a free license and copy of the notice. He also states that “basic income plan users may be required to pay 2% royalties on transactions over $800 USD to provide $800 a month basic income to all users subject to Copyright law and this Basic Income Plan.”

Bitcoin Cash fans and cryptocurrency sleuths are interested in this subject because of all the oddities involved with the story. There’s a chance the community could hear from this individual in the near future especially in regard to the intellectual property and domains this person has claimed ownership over. News.Bitcoin.com has reached out to Ronald Keala Kua Maria for an interview and will follow up with this story if he accepts our request. 

What do you think about this mysterious story concerning trademarking the phrase Bitcoin Cash and how Ronald Keala Kua Maria claims to be Satoshi Nakamoto? Let us know your thoughts on this subject in the comment section below.


Images via Shutterstock, Satoshinakamoto.ws, RKM.world, the USPTO TESS, and Pixabay. 


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