Daily analysis of cryptocurrencies 20191018(Market index 40 — Fear state)
https://preview.redd.it/onr1214i6at31.jpg?width=1200&format=pjpg&auto=webp&s=4c8fe8b3a053f3e03e0e1eef841017fd8ebc8e66 https://preview.redd.it/tr17h4236at31.png?width=1536&format=png&auto=webp&s=db3f0d6fc1c5c482f7650eeae9df7e3d45baa13f J.P. Morgan And Goldman Refuse To Paraticipate In Libra Citing news from Coinchoice, J.P. Morgan and Goldman Sachs have rejected Facebook’s invitation to join Libra. The biggest worry for them is that Libra will likely be used for money laundering and criminal activities. Cointelegraph Blocked In Russia Cointelegraph’s website has become widely inaccessible in Russia as authorities added the domain to a registry of blacklisted sites. Although Cointelegraph has been publicly on a list of blocked sites since 2017, it was only on Oct. 16 that the Russian Federal Service for Supervision of Communications, Information Technology and Mass Media, more commonly known as Roskomnadzor, implemented the block on a technical level. SEC Doubles Down Its Attack On Telegram’s TON Project, Claims That Postponement Is Unacceptable According to Russian press agency TASS, the Securities and Exchange Commission (SEC) asked a federal court not to deny its request for a preliminary injunction against Telegram. As reported by U.Today, the company behind one of the biggest messaging Apps recently filed its response to the US regulator where it states that its Gram tokens are not securities. Hence, the SEC’s restraining order, which prevented the Telegram Open Network (TON) network from meeting its launch deadline, was unwarranted. However, the SEC calls this five-month postponement “unacceptable” in the recently submitted documents. Furthermore, the securities watchdog states that the regulator is “practically guaranteed” to break the law again if given a chance to distribute its native Gram token. France’s Finance Minister: Digital Currencies Threaten Sovereign States’ Economy Digital currencies like the one proposed by Facebook threaten to undermine sovereign nations’ control over their exchange rates, France’s Economy Minister Bruno Le Maire said on Oct 17. “It’s a matter of democracy, not just a simple economic question,” Le Maire told reporters, saying the proposed Libra currency could have an “immediate global reach” through the social network’s huge membership.
Encrypted project calendar（October 18, 2019）
BTC/Bitcoin:The SEC will give a pass on the VanEck/SolidX ETF on October 18th and make a final decisionHB/HeartBout:HeartBout (HB) will officially release the Android version of the HeartBout app on October 18.OKB (OKB):18 October 2019 Rotterdam Meetup “Meet us in Rotterdam on 18 Oct as we partner up with Crypto010 Meetup to bring you a talk on ‘Decentralized Finance’.”HeartBout (HB):18 October 2019 Android Version “18th of October 2019 will be officially released Android version of HeartBout app.”BTU Protocol (BTU):and 2 others 18 October 2019 Paris Blockchain Summit The event will gather major international key players of the Blockchain ecosystem including well-known influencers, investors, government.YDS/YDS Blockchain:YDS Blockchain (YDS) ZG.COM will open YDS’s currency and coin transfer business at 14:00 on October 18th, and open the YDS/USDT transaction pair at 19:00 on October 19th.BTU/BTU Protocol:The BTU Protocol (BTU) Paris Block Summit will be held on October 18.EWS/EWS Token:EWS Token (EWS) EXX will open the EWS recharge business at 10:18 on October 15th, Hong Kong time. It is expected to open the EWS/ETH trading market at 10:18 on October 18, Hong Kong time.SIN/SIN Token:The SIN Token (SIN) BiKi platform will open SIN’s recharge and withdrawal at 18:00 on October 18th, and open the SIN/USDT trading pair transaction on October 21st at 5:00.
Encrypted project calendar（October 19, 2019）
PI/PCHAIN Network:The PCHAIN (PI) backbone (Phase 5, 82 nodes, 164, 023, 802 $ PI, 7 candidates) will begin on October 19.LINK/ChainLink:Diffusion 2019 will be held in Berlin, Germany from October 19th to 20thDeepBrain Chain (DBC):19 October 2019 (or earlier) Deploy Main Chain “Deploy Main Chain,” during the third week of October.General Event (CRYPTO):and 1 other 19 October 2019Free State Blockchain “This “unconference” style event brings together some of the top financial tech innovators, researchers, company leaders, and other…”PCHAIN (PI):19 October 2019 Main Chain Voting “Main chain: Epoch 5, 82 nodes, 164,023,802 $PI, 7 Candidates, voting will start on Oct. 19th.”Nash Exchange (NEX):19 October 2019 Nash Anniversary Nash will present their work from the third quarter of 2019. Team members will be present and to answer your questions in person.
Encrypted project calendar（October 20, 2019）
GameCredits (GAME):20 October 2019 (or earlier) Mining Reward Drop GameCredits mining reward will be cut in half at block 2519999 (~October 20). This will be the 4th halvening of the GAME mining reward!Aeternity (AE):20 October 2019 Starfleet 3 App Deadline #Starfleet3 is happening in Malta and you have by October 20th to apply!FN/IPFS&Filenet:IPFS&Filenet (FN) will be launched on the UP project Filenet (FN). The UP subscription time is from 14:00 on October 20, 2019 to 18:00 on October 20, 2019.
Encrypted project calendar（October 21, 2019）
KNC/Kyber Network:The official online hackathon of the Kyber Network (KNC) project will end on October 21st, with more than $42,000 in prize money.Horizen (ZEN):21 October 2019 Sidechains Alpha Release Horizen releasing the alpha version of industry first decentralized and unfederated sidechains.Horizen (ZEN):21 October 2019 Updated Whitepaper Horizen releasing an updated whitepaper.Kuverit (KUV) :IDAX will list #Kuverit (KUV) and open trading for KUV/BTC trading pair. is going to be listed on 21 Oct, at 10:00 am (UTC+8).
Encrypted project calendar（October 22, 2019）
ZRX/0x:The 0x protocol (ZRX) Pantera blockchain summit will be held on October 22.Locus Chain (LOCUS):22 October 2019 Public Test Begins Public test runs for three days from October 22nd to October 24th.IOTA (MIOTA):22 October 2019 EclipseCon Europe Next week, join Lewis Freiberg, our Director of Ecosystem, to learn how to build an ecosystem around IoT focused distributed ledgers.
Encrypted project calendar（October 23, 2019）
MIOTA/IOTA:IOTA (MIOTA) IOTA will host a community event on October 23rd at the University of Southern California in Los Angeles with the theme “Connecting the I3 Market and Experiencing Purchase and Sales Data.”BTC/Bitcoin:The WBS World Blockchain Summit (Middle East) will be held in Dubai from October 23rd to 24th.Cardano (ADA) and 1 other:23 October 2019 WBS Dubai “One of a kind gathering of 500+ curated & pre-qualified investors, CEOs, CIOs, CTOs, Heads of Blockchain, Chief Digital OfficersCloakCoin (CLOAK):23 October 2019 (or earlier) CloakCoin Competition “CloakCoin competition : solve the CloakCoin ENIGMA transaction, 3rd round.”Loom Network (LOOM):23 October 2019 Singapore Meetup “Unstack the Stack Series: Loom Network” from 6:30–8:30 PM (SST).
Encrypted project calendar（October 24, 2019）
BCN/Bytecoin:Bytecoin (BCN) released the hidden amount of the Bytecoin block network on October 24.Horizen (ZEN):24 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.ANT/Aragon: Aragon (ANT) Aragon Network will hold the theme “DAO: ICO and DeFi next step” in Hong Kong on October 24th?DATA/Streamr DATAcoin:Streamr DATAcoin (DATA) Streamr Network Technology Exchange and Project Development Conference will be held in London on October 24th.Lisk (LSK):24 October 2019 Coding Workshop — Berlin “During this workshop you will acquire the skills to create custom transactions with the Lisk Alpha SDK using Node.js.”
Encrypted project calendar（October 25, 2019）
ADA/Cardano:Cardano (ADA) The Ada community will host a community gathering in the Dominican Republic for the first time on October 25.Crypto.com Coin (CRO):25 October 2019 Live AMA with CEO “Live AMA with our CEO@Kris_HKon@cryptocom’s Twitter next Friday, 25 October, 11AM HKT.”
Encrypted project calendar（October 26, 2019）
KAT/Kambria:Kambria (KAT) Kambria will host the 2019 Southern California Artificial Intelligence and Data Science Conference in Los Angeles on October 26th with IDEAS.BTC/Bitcoin:CoinAgenda Global Summit will be held in Las Vegas from October 26th to 28thHorizen (ZEN):26 October 2019 (or earlier) ZEN 2.0.19 Upgrade Zen 2.0.19 upgrade at block #610000, which is expected around October 26.
Encrypted project calendar（October 27, 2019）
ICON (ICX):27 October 2019 Money 20/20 USA Event Money 20/20 USA in Las Vegas from October 27–30.
Encrypted project calendar（October 28, 2019）
LTC/Litecoin:Litecoin (LTC) 2019 Litecoin Summit will be held from October 28th to October 29th in Las Vegas, USABTC/Bitcoin:Mt.Gox changes the debt compensation plan submission deadline to October 28ZEC/Zcash:Zcash (ZEC) will activate the Blossom Agreement on October 28thStellar (XLM):28 October 2019 Protocol 12 Upgrade Vote Horizon v0.22.0 has been released, which supports Protocol 12. This gives everyone ample time to prepare for the Protocol 12 upgrade voteCelsius (CEL)and 3 others: 28 October 2019 Litecoin Summit “…The Litecoin Summit offers two fun, jam-packed days with something for everyone.”
Encrypted project calendar（October 29, 2019）
BTC/Bitcoin:The 2nd World Encryption Conference (WCC) will be held in Las Vegas from October 29th to 31st.ICON (ICX):29 October 2019 Decentralization “As a result, the decentralization schedule of the ICON Network has been changed from September 24, 2019 to October 29, 2019.”Ark (ARK):and 10 others 29 October 2019 WCC 2019 Second annual Blockchain and Cryptocurrency Technology event, World Crypto Conference (WCC), October 29th — October 31, 2019.Insifa (ISF):29 October 2019 Prototype Alpha “We from Insifa have decided to be more open. Our Prototype will be developed in scrum. This means new releases every two weeks.”
Encrypted project calendar（October 30, 2019）
MIOTA/IOTA:IOTA (MIOTA) IOTA will host a community event on October 30th at the University of Southern California in Los Angeles on the topic “How to store data on IOTA Tangle.”TRON (TRX):30 October 2019 SFBW19 Afterparty “TRON Official SFBW19 Afterparty from 7–10:30 PM in San Francisco.”Horizen (ZEN):30 October 2019 Horizen Quarterly Update Join our first Quarterly Update on October the 30th at 5 PM UTC/ 1 PM EST. Deeper look into Engineering, BD, Marketing, and more.Aeternity (AE):30 October 2019 Hardfork “The third hardfork of the æternity Mainnet is scheduled for October 30, 2019.”Valor Token (VALOR):30 October 2019 Transaction Fees Resume “It’s September and the SMART VALOR Platform is still waiving transaction fees for all members, until October 30th!”Aragon (ANT):30 October 2019 Singapore Meetup “Aragon on DAOs and DeFi” from 6:30–8:30 PM.Kambria (KAT):30 October 2019 Outliers Hashed Awards Outliers Hashed awards from October 30–31.Ethereum Classic (ETC):30 October 2019 Cohort Demo Day “ETC Labs hosts it’s 2nd Cohort Demo Day. Learn about the companies and project being accelerated through the Ethereum Classic ecosystem.”
Encrypted project calendar（October 31, 2019）
Spendcoin (SPND):31 October 2019 (or earlier) Cross Ledger Mainnet “Cross Ledger Mainnet Release and SPND Token Swap,” during October 2019.Spendcoin (SPND):31 October 2019 (or earlier) Blkchn University Beta “Blockchain University Beta goes live,” during October 2019.Stellar (XLM):31 October 2019 (or earlier) Minor Release “We will have 6 Minor Releases in 2019; one each in February, March, May, June, August, and October.”Bitcoin SV (BSV):31 October 2019 (or earlier) BSV Conference Seoul No additional information.Seele (SEELE):31 October 2019 (or earlier) Public Network Mainne launch has been moved to Oct 31 .Howdoo (UDOO):31 October 2019 (or earlier) Howdoo Live on Huawei Howdoo begins its exciting partnership with Huawei with listing as a featured app starting in October.Chiliz (CHZ):31 October 2019 (or earlier) App Soft Launch Soft launch of Socios App by end of October.Dent (DENT):31 October 2019 (or earlier) Loyalty Program “Afterburner loyalty program launch for all 21,6 Million mobile #DENT users will be in October!”IceChain (ICHX):31 October 2019 (or earlier) Wallet Release IceChain releases wallet during October.Chiliz (CHZ):31 October 2019 (or earlier) New Partnerships New sports and new teams joining Socios (+more updates and events) will be announced in the upcoming weeks.Horizen (ZEN):31 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.PCHAIN (PI):31 October 2019 (or earlier) New Website No additional information.IOST (IOST):31 October 2019 (or earlier) New Game on IOST “Eternal Fafnir, a new role-playing game developed by INFUN is coming to you in Oct.”
Encrypted project calendar（November 1, 2019）
INS/Insolar:The Insolar (INS) Insolar wallet and the redesigned Insolar Block Explorer will be operational on November 1, 2019.
Encrypted project calendar（November 6, 2019）
STEEM/Steem:The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th.
Encrypted project calendar（November 8, 2019）
BTC/Bitcoin:The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.
Encrypted project calendar（November 9, 2019）
CENNZ/Centrality:Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.
BTC — Yesterday, BTC maintained a weak rebound at a low level, with a 24-hour inflow of 450 million yuan, mainly USD. On the technical side, yesterday’s weak small rebound was an attempt of oversold rebound by the bulls on the technical side, but as a result, the weak of the Bulls did not change, and the volume could continue to shrink. At the same time, the long and short average began to form a strong resistance level towards the coupling range, and the short trend in the medium term was intensifying. If there is no decent rebound in the past two days, the resistance level will be broken up, and there is a high probability of downward test. 7000 support, or even $6100. In terms of operation, it is recommended to level the spot position temporarily and wait for further signals. Review previous articles:https://email@example.com Telegram： https://t.me/Lay126 Twitter：https://twitter.com/mianhuai8 Facebook：https://www.facebook.com/profile.php?id=100022246432745 Reddi：https://www.reddit.com/useliuidaxmn LinkedIn：https://www.linkedin.com/in/liu-wei-294a12176/
https://preview.redd.it/74a0o50945031.jpg?width=1080&format=pjpg&auto=webp&s=0b7b5949cc4052b47054b6693029755cea1fd173 🔎The Authority decided to organise a national debate on the possible regulation in Italy of the initial coin offerings (ICOs), cryptocurrency and blockchain technologies, and further discuss on how to develop a definition of cryptocurrencies, regulate the recently released cryptocurrency offers and the involvement of equity crowdfunding platforms in this bustle, and how to regulate the trading, custody and transfer of cryptocurrencies including Bitcoin, Ethereum, Ripple and other major digital assets.⠀ ⠀ 🗣The Authority, together with other authorities such as the Bank of Italy, is actively pushing for the creation of proper regulation for Bitcoin, exchanges, ICOs, cryptocurrency, blockchain, distributed ledger technology and other innovations, in order to level the playing field so businesses participating in this nascent sector can prosper economically. ⠀ ⠀ 💭The Authority will borrow a leaf from some giant countries L'Autorité de Marchés Financiers in France, Bafin from Germany, Malta, San Marino, United States of America (USA) Securities and Exchange Commission (SEC), etc. that have managed to come up with solutions related to this matter of initial coin offerings. The Consob is the Italy’s main financial watchdog and works the same way like the USA SEC.⠀ ⠀ 📍Meanwhile ND Invest is about to launch its innovative platform in June. We put a lot of effort into doing that. Check out the latest ND Invest news! ⠀ ⠀ ⠀ ⠀
Which is the best country to open a crypto trading exchange?
Among such countries as USA, Denmark, Sweden, Estonia and Malta I would also mention Finland. "Suomen Pankki" (SP) (Finland's Central Bank) may be considered a hero role model for other EU financial watchdogs to follow. Not only its officials have been closely monitoring crypto-currencies market for years, gradually deepening their understanding of decentralized digital money environment, but also bank's official statements are remarkably different in its measured and thoughtful tonality from wild, almost maniacal crypto-hunt reports issued by some EU financial institutions. For example, in January 2014, in the wake of anti-crypto-mania SP published on its web-page the following testimony, which was surreptitiously named "Bitcoin involves risks". Sure, as any other government backed, coercive, centralized financial gatekeeper, which job is to preserve the stability of the current fractional reserve monetary system, SP is far from being "pro-Bitcoin" in it. Still, when SP's communique says, for instance - "Use of Bitcoin does, however, involve risks for the user, and its value vis-a-vis official currencies has fluctuated significantly." and "The value of a virtual currency is based on supply and demand only. Authorities or other public bodies are not responsible for the purchasing power or stability of Bitcoin, and it can lose its value." that sound like reasonable, although, negative statements, which, however, do not try to invoke readers' fear or to speculate on public ignorance. There's no surprise, then, that Finland today possesses one of the most crypto-friendly legal environment on the planet. Even though Finnish tax authorities fully tax all profits derived from crypto-transactions, virtual currencies are exempt from VAT. Additionally, you are not require to obtain a special banking license or to follow KYC rules in order to run a local crypto-broker. As usual, government's friendly approach to crypto-businesses is gratified by the surge of entrepreneurial activity in the country. For example, Finland, among other big technological companies, already harbors World's biggest P2P Bitcoin exchange. Business Notes for Startups Founders: political climate: friendly; economic climate: moderately friendly; regions to focus: locally; industries to focus: e-commerce, marketplaces, SaaS, FinTech and e-games; major limitations: slow economic recovery (GDP growth rate is 3%), relatively small economy, very high taxes (personal income tax exceeds 50%), high costs; stimulus: high-income population, well developed infrastructure (fixed Internet penetration rate at almost 100%); opportunities: to create an e-business aimed at young generation of urban mobile Internet users in such sectors as FinTech, e-games and entertainments. Cryptocurrencies and ICOs (outlook): legal (positive) . The author: Svyatoslav (Svet) Sedov Angel investor and founder of The First International Incubator for Silicon Valley Companies (FirstInternational.In) in the Bay Area, CA, USA. Twitter: https://twitter.com/SvjatoslavSedof
According to some estimates (for example look here) Croatian crypto-community has reached twenty five thousands users at the beginning of 2018, which constitutes more than 0.6% of country's four million inhabitants. At the same time, some sources indicate that there are now about twenty five million block-chain wallets users globally, which is less than 0.3% of world's population. With Croatia doubling world's crypto-users average Croatian National Bank (CNB) takes a relatively relax, thoughtful stance on (how CNB calls it) "E-money", which contrasts sharply with sometimes frantically hostile approach to this issue demonstrated by many Eastern European financial watchdogs. Still, Croatian Kuna (HRV), which has been devalued against UDS for about 50% since 2008, is the only legal tender in the country. Being technically legal, Bitcoin and other crypto have remained largely outside of the Croatian regulation framework and are now defined as "virtual currency scheme", similar to Linden dollars used in the Second Life' avatars commercial interactions. Business Notes for Startups Founders: political climate: moderately friendly; economic climate: not friendly; regions to focus: EU; industries to focus: e-commerce, FinTech, entertainment, marketplace, tourism; major limitations: difficult regulatory environment, small size of internal market; opportunities: educated workforce, relatively high for Eastern EU country per-capita (almost $12.5 thousands). Cryptocurrencies and ICOs (outlook): legal (positive). The author: Svyatoslav (Svet) Sedov Angel investor and founder of The First International Incubator for Silicon Valley Companies (FirstInternational.In) in the Bay Area, CA, USA. Twitter: https://twitter.com/SvjatoslavSedof
How bureaucrats can only do their worse while trying "to do it better" with Bitcoin?
Here's how on the example of Colombia: In its "Comunicado Bitcoin" dated back to April 2014, the Banco de la Republica declared that the new form of digitalized, cryptographically protected money is not a legal tender in Colombia. Among other things Banco stated: "The only monetary and account unit in Colombia is the peso (bills and coins) issued by the Banco de la Republica. Bitcoin is not a currency in Colombia ... ." Despite its relatively unobtrusive and, even, banal content this Communicado had evoked a long-lasting confusion in local as well as world's mass-medias concerning the legality of crypto-currencies in this South American country. The state of general bafflement about crypto in Colombia was exacerbated even further, when the Superintendencia de Sociedades - a relatively obscure department of the Ministry of Commerce, Industry and Tourism - had stepped in this hotted dispute and delivered its own "clarification" of the Bitcoin "issue", dated at September 2017. In their short but totally muddled two-pagers, which was, rather unhelpfully, named "Illigal results of the business activity conducted under the multi-level scheme for the sale and placement of virtual currency", local bureaucrats managed to utterly confuse themselves by desperately trying to draw the direct line between the subject of rising Bitcoin world-wide popularity and the proliferation of local "investment clubs", tagged as "ponzi schemes" in this memorandum, in Bogota. As a result of those ill-informed efforts of local watchdogs to warn the public against non-existing threats, the issue of Bitcoin legality in Colombia has became even more fazed. Currently, after several additional more-or-less bedazzled statements have been made on crypto-themes by both Banco and Superintendencia, we, nonetheless, can conclude that Bitcoin is still legal in Colombia. However, this subject fully resides in a "gray" zone of local law and, taking into account totally non-friendly stance of Colombian financial regulators towards crypto (what is, of course, not so surprising), digital money issuance and usage in this country might be outlawed virtually overnight. Business Notes for Block-chain Startups Founders: political climate: not friendly ; economic climate: not friendly ; regions to focus: local, Latin America; industries to focus: electronics, E-commerce, entertainment, FinTech, tourism, luxury; major limitations: slowing economy, over dependence on oil, security situation, large income disparity between different social group, low level of income for majority of population, high taxes; opportunities: favorable geographic position, developed electronics industry, existence of very wealthy class of citizens, relatively high Internet penetration rate (growing at five percents). Cryptocurrencies and ICOs (outlook): not regulated (negative). The author: Svyatoslav (Svet) Sedov Angel investor and founder of The First International Incubator for Silicon Valley Companies (FirstInternational.In) in the Bay Area, CA, USA. Twitter: https://twitter.com/SvjatoslavSedof
What is the best offshore destination for Bitcoin trading?
You might consider Belize as the of still available options. Belize's main financial regulatory body - the International Financial Services Commission (IFSC) - has appeared in crypto-news feeds a few times in a past couple of years to warn public about unlawful or suspicious activities of several crypto-companies. That, to say the least, is highly unusual for a state's monetary watchdog. We all have been already a little tired to see multiple presumptuous memorandums and nonsensical declarations issued by world's financial regulators, which right from the first page proclaim Bitcoin with the rest of crypto to be the enemy of humanity. Against this background IFSC looks as a typical Marvel's guardian of the galaxy, endowed with an ugly face, and manners but of a just soul. Figuratively speaking, Belizean "Groot" is going after bad guys one by one as opposed to all-knowing "Ego's" indiscriminate slaughter. Matter of fact, compare to most world state finance guardians' quick-meal, flash-bang, shoot-first-ask-later modus operandi, IFSC's case-by-case approach to new digital economy participants may be considered as almost civilized. Of course, at this early stage of crypto-industry's life most of us would prefer to have either nor regulation at all or a self-regulatory body staffed with crypto-professionals instead of clueless politicians and greedy lawyers. Alas, it's not the direction things are aiming for most of us. Belizean crypto-community may feel proud for itself being able to steer clear of any official regulations for so long. Coupled with IFSC's relative civility that may provide crypto-enthusiasts in Belize with a shadow of hope for a better than average crypto-future. Business Notes for Startups Founders: political climate: not friendly; economic climate: not friendly; regions to focus: locally; industries to focus: e-services (tourism, real-estate), FinTech; major limitations: GDP growth rate at 2% (2017), unemployment rate at 8%, subsistent agriculture based economy, fixed Internet penetration rate under 50%, lack of seed financing, shortage of qualified personnel, population is under 400,000; stimulus: low competition; opportunities: to build an e-services business on local niche markets (particularly in hospitality and tourism sectors). Cryptocurrencies and ICOs (outlook): not regulated (moderately positive). The author: Svyatoslav (Svet) Sedov Angel investor and founder of The First International Incubator for Silicon Valley Companies (FirstInternational.In) in the Bay Area, CA, USA. Twitter: https://twitter.com/SvjatoslavSedof
How some central banks cursing at Bitcoin may occasionally help it local growth?
Despite of a relatively high rate of fixed Internet penetration, which reaches to almost fifty percents, as well as the fact that Cape Verde Escudo has been devalued for more than 20% relating to USD in the past decade, local population doesn't seem to be too enthusiastically engaged with crypto-currencies business at all. However, as new class of digital assets continues to grow in popularity with investors around the world, this situation is about to change. That was inadvertently confirmed by the Banco De Cabo Verde in one of its official "comunicados", signed at 29 March 2018 and named "Alerta Criptomoedas". This omnipotent one-pager presents itself the usual and all-so-familiar aggregation of anti-Bitcoin invectives. Various phraseologisms like "transactions with virtual currencies pose a high risk", "offer no protection to consumers" and "its association with illicit schemes" are spilled all over it. Notwithstanding, this "Alerta" might be as well viewed from an entirely different stand point. Besides reminding residual investors about the existence of absolutely new, but not yet locally legalized assets class, the Banco's memo also demonstrates that crypto-phenomena has proved itself to be so omnipresent, that it has became nearly impossible to ignore it even for the absent-minded watchdogs living in the most geographically as well as financially remote parts of the world. With that said, however, we must add, that it might, still, be much more preferable for the local crypto-community (if such has ever existed) to stay hidden from the increasingly perceptive radars of the Cape regulators, which previously have never been noticed for a liberality of their views on the financial markets. Business Notes for Block-chain Startups Founders: political climate: not friendly; economic climate: not friendly; regions to focus: Western Africa; industries to focus: E-commerce (tourism); major limitations: small country size (halve of million people, GDP $1.7 billion), relative geographical isolation, high level of unemployment among youth, high level of inequality (Gini 47), absence of seed and VC capitals, high CB interest rate (7%), very high administrative and legal barriers for SME, high taxes (individual income tax at 35%), relatively high costs (most of goods and foods are imported), shortage of qualified personnel; stimulus: political and social stability, middle-income population (per-capita more than $3,000), low inflation (1%), relatively high Internet penetration rate (above 40%), low competition; opportunities: to launch an e-business aimed at the Western African markets. Cryptocurrencies and ICOs (outlook): not regulated (negative). The author: Svyatoslav (Svet) Sedov Angel investor and founder of The First International Incubator for Silicon Valley Companies (FirstInternational.In) in the Bay Area, CA, USA. Twitter: https://twitter.com/SvjatoslavSedof
Kazakh financial authorities have come a long way before reaching a point when they are ready to regulate Bitcoin and its family members out of existence. At the end of March 2018 the chief representative of the National Bank of Kazakhstan (NBK) alluded in one of his public speeches on the upcoming complete ban of crypto-trade in the country. It's difficult to say, however, that it had been an unexpected surprise for a local crypto-community. Already in October 2017 NBK put forward a proposition to restrict the local use of crypto-currencies. It was also accompanied by a promise to outlaw Bitcoin mining. Even earlier, in 2014, the same bank's officials deemed local financial institutions' use of Bitcoins illegal. After so many belligerent declarations, broadcast by country's top monetary watchdogs, it had already became very difficult to believe into the bright future of crypto in this Central Asian country. Although those types of strong anti-crypto sentiments have already became one of the leading characteristics of financial gatekeepers populating this particular region of the world, it's, still, very sad to recognize that one of the most technologically advanced Central Asian nation, which had seen the first Bitcoin terminal installed in its capital city Almaty as early as in August 2016 and, prior to that, Kazakh government backed crypto-currency announced in March, is now reverting its steps back to the past. Business Notes for Startups Founders: political climate: officially friendly; economic climate: not friendly; regions to focus: locally; industries to focus: mobile commerce and FinTech; major limitations: dominance of mineral resource extraction industries, economic slowdown, bureaucratic and administrative hurdles, outdated legal system, brain drainage, low population density; stimulus: high-low income population (per-ca $12,000), low income tax (10%), low costs, educated personnel (although mostly engineering, not IT); opportunities: mobile commerce, FinTech, entertainment. Cryptocurrencies and ICOs (outlook): legal (negative). The author: Svyatoslav (Svet) Sedov Angel investor and founder of The First International Incubator for Silicon Valley Companies (FirstInternational.In) in the Bay Area, CA, USA. Twitter: https://twitter.com/SvjatoslavSedof
Why do Saudi Arabian regulators still disregard Bitcoins?
Since the foundation of the Saudi Arabian Kingdom in 1932 Riyal has remained under a control of the Saudi Arabian Monetary Authority (SAMA) - the country's central bank, which has pegged national currency to the US dollar. That, of course, explains a stability of the SAR's exchange rate, which, during the past three decades, has deviated from its value of 3.75 SAR to 1 USD only once. That had happened during 2008 financial crisis, when SAUSD ratio temporarily hit 3.71 mark. Naturally, then, that SAMA couldn't care less about potential competition from part of crypto. It was again re-confirmed in a period of September - October 2017, when several high positioned government officials expressed their disdain for Bitcoin, stating that, despite recent upsurge in crypto prices, they do not believe in its future. Additionally, they asserted that such an incoherent apparition as the decentralized digital currency, which is not backed by any government, doesn't deserve an attention of important people and must stay outside of the Kingdom's legal realm. Looks like, however, that such a scornful disregard of Saudi regulators may only enchant local crypto-community, which has been effectively left alone and might now accumulate digital treasures without being immediately harassed by tax and security market watchdogs. Some, nevertheless, may argue that an absence of comprehensive regulations is a serious impediment to the adaption of crypto by local banks, exchanges and retail businesses. Still, it's hard to see how in a country, where almost all state institutions, including religious establishment (as had been expressed by a popular cleric during one of the local TV show in December 2017), do have some serious misgivings about the new form of cryptographically reinforced electronic money, there may be ever adapted any kind of pro-crypto legislations. Business Notes for Startups Founders: political climate: not friendly; economic climate: not friendly; regions to focus: locally; industries to focus: e-commerce (real-estate), e-services (on-line shopping), e-games; major limitations: slowing economy (GDP growth rate is below zero), high legal and administrative barriers to SME, shortage of qualified work-force; stimulus: high-income population (per-capita exceeds $21,000), developed infrastructure (fixed Internet penetration rate at almost 70%), low energy costs; opportunities: to create a local e-business aiming at young rural users of mobile Internet. Cryptocurrencies and ICOs (outlook): not regulated (negative). The author: Svyatoslav (Svet) Sedov Angel investor and founder of The First International Incubator for Silicon Valley Companies (FirstInternational.In) in the Bay Area, CA, USA. Twitter: https://twitter.com/SvjatoslavSedof
Bitcoin lives as an entry on a Worldwide secure ledger called “the blockchain”. Think of it as a check ledger that lives in everyone’s wallet, but you can only control your portion of the ledger, no one else can. ... Ok, Mr. Miller, from all all of us here at USA WATCHDOG, thank you for your sincere and condescending comment. I guess you ... Bitcoin Cash (BCH) Ethereum (ETH) Gemini Dollar (GUSD) Litecoin (LTC) Pax Gold (PAXG) Paxos Standard (PAX) As for coins that are approved for custody, the financial watchdog includes: Bitcoin ... As a 60 year old diehard AMERICAN Western cowboy (who has contributed generously to USA Watchdog) , and who now sits here in Shenzhen, China, having lived here for 7 years, but whose family, heart and soul was created where you sit – Mannarino has it correct when he said, and “We are all in this boat together”.. United States. Technology News. September 12, 2014 / 12:50 PM / 6 years ago. Bitcoin gets boost as U.S. watchdog approves first swap. Douwe Miedema. 4 Min Read. WASHINGTON (Reuters) - TeraExchange ... Crypto Culture a BitcoinNews.com series. Part 1: Blockchain Report Goes Live. In the first installment of the Bitcoin News Crypto Culture Series, we investigate a new daily news video from What’s Trending and ICO Watchdog, Blockchain Report. On Tuesday 2 October, the first episode of a new daily blockchain news program aired, hosted by Snapchat influencer Taylor Nikolai.
Are Insiders Secretly Loading Up on Bitcoin? - YouTube
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