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  New Zealand Regulator: Cryptocurrencies Are Securities
Posted by: admin - 11-02-2017, 09:40 AM - Forum: News From Cryptocurrency Market - No Replies

New Zealand's finance regulator has released new guidance on initial coin offerings (ICOs) and cryptocurrencies.
In a statement published last week, the New Zealand Financial Markets Authority (FMA) outlined the ways in which token sales would be covered under national law. Notably, the regulator said that, in its view, any cryptocurrency or ICO-derived token would be considered a security.
The FMA said:

Quote:"All tokens or cryptocurrencies are securities under the [Financial Markets Conduct Act 2013] – even those that are not financial products. A security is any arrangement or facility that has, or is intended to have, the effect of a person making an investment or managing a financial risk."

Citing that law, the agency went on to say that tokens could fall into one of four financial product categories – debt securities, equity securities, managed investment products or derivatives – depending on their characteristics.
That said, the FMA left the door open to additional classification for such offerings, through which the technology can be used to bootstrap a blockchain network through the sale and release of tokens.
"If appropriate, we can designate any security to be a particular financial product based on its economic substance. For example, a project token giving investors voting rights and a share in the company and its profits could be designated an equity security," the agency wrote.
Guidelines for startups
The published materials also include guidance for businesses working with the technology.
For major cryptocurrency services — such as wallets, brokers and exchanges — the FMA argues it does have a category for all of these services, and such companies should be appropriately registered.
Additionally, the agency suggested that it could provide exemptions from current laws to companies in an effort to "promote innovation and flexibility."
The FMA said:
Quote:"We can grant exemptions to promote the FMC Act’s objectives. One objective is to promote innovation and flexibility in our financial markets. We can also, if appropriate, grant exemptions to ensure FMC Act requirements are fit for purpose for ICOs."
When reached for comment, a representative for the FMC said that the agency was seeking to strike the right balance between market oversight and allowing for new kinds of products and services to take shape.
"Our aim is to encourage responsible innovation, balancing innovation against consumer protection and ensuring the regulatory regime remains relevant and agile," the representative said.

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  CME Group Announces Launch of Bitcoin Futures
Posted by: admin - 11-01-2017, 09:39 AM - Forum: News From Cryptocurrency Market - No Replies

CHICAGO, Oct. 31, 2017 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced it intends to launch bitcoin futures in the fourth quarter of 2017, pending all relevant regulatory review periods.
The new contract will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin.  Bitcoin futures will be listed on and subject to the rules of CME.
"Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract," said Terry Duffy, CME Group Chairman and Chief Executive Officer.  "As the world's largest regulated FX marketplace, CME Group is the natural home for this new vehicle that will provide investors with transparency, price discovery and risk transfer capabilities."
Since November 2016, CME Group and Crypto Facilities Ltd. have calculated and published the BRR, which aggregates the trade flow of major bitcoin spot exchanges during a calculation window into the U.S. Dollar price of one bitcoin as of 4:00 p.m. London time. The BRR is designed around the IOSCO Principles for Financial Benchmarks. Bitstamp, GDAX, itBit and Kraken are the constituent exchanges that currently contribute the pricing data for calculating the BRR.
"We are excited to work with CME Group on this product and see the BRR used as the settlement mechanism of this important product," said Dr.Timo Schlaefer, CEO of Crypto Facilities. "The BRR has proven to reliably and transparently reflect global bitcoin-dollar trading and has become the price reference of choice for financial institutions, trading firms and data providers worldwide."
CME Group and Crypto Facilities Ltd. also publish the CME CF Bitcoin Real Time Index (BRTI) to provide price transparency to the spot bitcoin market.  The BRTI combines global demand to buy and sell bitcoin into a consolidated order book and reflects the fair, instantaneous U.S. dollar price of bitcoin in a spot price. The BRTI is published in real time and is suitable for marking portfolios, executing intra-day bitcoin transactions and risk management.
Cryptocurrency market capitalization has grown in recent years to $172 billion, with bitcoin representing more than 54 percent of that total, or $94 billion.  The bitcoin spot market has also grown to trade roughly $1.5 billion in notional value each day.
For more information on this product, please visit cmegroup.com/bitcoinfutures
As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk.  Through its exchanges, CME Group offers the widest range of global benchmark products across all major asset classes, including futures and options based on interest ratesequity indexesforeign exchange,energyagricultural products and metals.  CME Group provides electronic trading globally on its CME Globex platform.  The company also offers clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives through CME Clearing.  CME Group's products and services ensure that businesses around the world can effectively manage risk and achieve growth.

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  W Capital - a long term strategic
Posted by: admin - 11-01-2017, 05:02 AM - Forum: Reviews - No Replies

Security

- SSL Certificate (SSL)

Evaluation: 3/5

Design

- Very good design template and members area

Evaluation: 4/5

Investment Plans

3 investment plans are present:

0.1% - 1.5% Daily for Lifetime, 2% - 3% Daily for 730 days and 5% Daily for 365 daysThe 1st plan with a minimum deposit of $10 is the most acceptable for the majority of the investors due to the minimum amount of deposit needed. This plan offers a low return with a lifetime maturity. The 2nd plan with a minimum deposit of $1000 offers a higher return, with BEP (RETURN OF THE INVESTMENT) after 50 days, even so a long time to get back the principal . The 3rd plan with a minimum deposit of $2000 offers a 5% daily return, in this last plan, BEP (the return of investment) can be achieved after 20 days, which is quite a very short term compared with the first 2 plans. In theory, this 3rd plan is the most attractive due to the % of daily earning and the time to recover the capital, which is quite short. However, due to the high minimum amount of investment needed, I don´t think will be playable for the majority of the investors. 

So, the Long Term concept, is well present in the investment plans offers. 

The payouts are made in manual mode, usually fast.

Evaluation: 3/5

Features

- Custom Script

- Company Registerd

Evaluation: 3/5

Social Networks

- Maybe the weaker point. No mention to social networks in template
.

Evaluation: 3/5

In conclusion, I give to this program a Evaluation of 3.2 out of 5.

Remember, invest all you can afford to lose!

You can join here:


[Image: 468_60.gif]

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  Bitcoin Cash Developers Set Date for November Hard Fork
Posted by: admin - 10-31-2017, 09:20 AM - Forum: News From Cryptocurrency Market - No Replies

The open-source developers behind bitcoin cash appear to be sticking to their word.
Following a pledge in August to change the code as necessary to stay competitive, the developers behind the alternative bitcoin software took a step toward following through this week. In a post yesterday, developers behind one of the bitcoin cash clients revealed they will seek to change the software's rules via a hard fork on November 1.
To be activated on November 13, the new software will seek to adjust rules set in the initial split with the bitcoin blockchain, one that also hints at larger criticisms about bitcoin cash's economic network. In particular, the change will attempt to reverse a piece of code, called the emergency difficulty adjustment (EDA) rule, meant to help bitcoin cash better attract miners willing to secure its blockchain.
As bitcoin and bitcoin cash both use the same mining algorithm, miners operating compatible hardware have shown a willingness to switch between the networks. As such, the idea behind EDA was that mining difficulty could be dynamically adjusted down as necessary to attract miners with profits.

However, while beneficial after the launch, developers believe the rule has outlived its utility to the network.
"This is problematic [now] because it prevents consistently fast confirmations for users, and radically shifts the coin issuance schedule," the post reads.
In its place, a new algorithm would adjust every 600 seconds, based on the amount of computing power that was provided to the network over the previous 144 blocks. The idea is that difficulty would be adjusted quickly, in response to real-time miner activity.
According to the post, members of the development team are now in touch with exchanges, wallets and miners in an attempt to raise awareness for the proposal.

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  Vietnamese Central Bank Bans Cryptocurrencies
Posted by: admin - 10-30-2017, 10:20 AM - Forum: News From Cryptocurrency Market - No Replies

[Image: 725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdl...5qcGc=.jpg]REGULATIONS

Vietnam’s central bank, State Bank of Vietnam has declared the use of digital currencies in the country as illegal. The central bank also announced that it will impose a fine on anyone caught utilizing the cryptocurrencies starting early 2018.
Based on the new monetary law issued by the bank that is scheduled to go into effect during the first quarter of 2018, Bitcoin and other virtual cryptocurrencies are already considered as illegal and their use will be prohibited in the country. The law also states that the only authorized payment methods in the country are those issued or controlled by the State Bank of Vietnam.
Performance of Bitcoin and other digital currencies in the market and possible effects of the ban
The ban imposed by the State Bank of Vietnam comes at a time where Bitcoin, the leading cryptocurrency, is setting record highs in trading markets. This is expected to affect the impact of the new law on the use of virtual currencies in the country. It is certain however, that the ban on virtual currencies will have little or no effect on individuals who want to use them in their transactions. The only thing the government can do is to launch a campaign against centralized companies using digital currencies.
The decision by the central bank to declare cryptocurrencies as illegal is viewed as very unfortunate, as it stifles innovations in the financial sector. However, the law can be considered as a way by the government to emulate the actions of other countries around the world. It’s expected that this ban can be lifted in the future if the fears or apprehensions of possible scams involving the use of the digital currencies will be proven otherwise.

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  Paypal Co-Founder Says Bitcoin is Underestimated, Compares to Gold
Posted by: admin - 10-27-2017, 09:13 AM - Forum: News From Cryptocurrency Market - No Replies

[Image: 725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdl...5qcGc=.jpg]

Billionaire venture capitalist and PayPal co-founder Peter Thiel has been a long time proponent of Bitcoin. At the Future Investment Initiative in Riyadh, Saudi Arabia, Thiel once again reiterated the potential of Bitcoin, stating that people are underestimating it.
Long time Bitcoin supporter
Peter Thiel has long been one of the early proponents of Bitcoin. As early as 2013, he stated that Bitcoin has the potential to change the world. As one of the co-founders of PayPal, he recognized the ability of Bitcoin to revolutionize the monetary space. He had long held the view that monetary sovereignty’s time is limited and encrypted money would be the future. In a speech at the University of Chicago’s Booth School of Business, he stated that unlike PayPal, Bitcoin had actually succeeded in creating a currency.
Digital gold
Peter Thiel believes that Bitcoin could be digital gold and take its place as a reserve currency. He compared many of the features of Bitcoin to gold, like its limited supply and that it is mineable.

Quote:It's like a reserve form of money, it's like gold and it's just a store of value. If Bitcoin ends up being the cyber equivalent of gold, it has a great potential left.

However, Peter wasn't as enthusiastic about other cryptocurrencies. That should be discouraging for altcoin enthusiasts who have ridden the altcoin boom for most part of the year.
Is the prince listening?
While Peter Thiel is pretty bullish on the potential of Bitcoin, in Riyadh, a certain Saudi prince has a different view. Prince Alwaleed bin Talal, the richest Arab in the world, believes that Bitcoin will implode like Enron. While Bitcoin trading is allowed in Saudi Arabia, the Saudi Arabian Monetary Authority has warned people about the risks of investing in Bitcoin. The Middle East is a region teeming with billionaires and if Peter Thiel has managed to convince a few people to invest their oil-dollars in Bitcoin, the price of Bitcoin could receive a boost.

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  Distributed Denial of Service Attack Greets Forked Bitcoin Gold on First Day
Posted by: admin - 10-26-2017, 08:47 AM - Forum: News From Cryptocurrency Market - No Replies

Only hours into its first day live, Bitcoin Gold’s Twitter account announced it had been hit with a distributed denial of service attack (DDoS), forcing its website down for nearly four hours.
Also read: Major DDoS Attacks Hit Bitcoin.com
Bitcoin Gold Site Suffers 10 Million Hits Per Minute
Bitcoin block height 491,407 was reached 23 October, more than a day earlier than anticipated, triggering the so called Bitcoin Gold hard fork. It is the second such fork of its kind since August, and another is predicted mid-November, Segwit2x, at block 494,784.
Not long after celebrating block height 491,407, the Bitcoin Gold (BTG) team noticed 10 million hits per minute clogging up its web traffic requests. BTG’s Slack channel later attributed most of the hits to internet protocol (IP) addresses routed through China.
BTG’s founder and lead developer are from China.
It was a clear a DDoS campaign was used against the site, which rendered it essentially unavailable for four hours, causing numerous reports about either the team’s inability to insure against such basic attacks or the team’s lack of knowledge in critical areas of website security.
[Image: 22809629_10154739562586621_1525149836_n.jpg]

Screenshot of BTG’s Twitter announcement.

DDoS attacks are fairly routine, and many markets exist to facilitate those who wish to disrupt a company or group’s online activities. For under 200 USD, robot networks (botnets) can be had in the service of DDoS attacks. Smaller organizations are especially vulnerable.
Different From Bitcoin Cash
Bitcoin’s first hard fork (Bitcoin Cash) went decidedly smoother. A perceived benefit of forks is the 1:1 mirror in coins/tokens a holder receives, roughly similar to perhaps a stock dividend. Users can then retain the new token or profit-take, selling off either “share” of the original or forked coin.
The BTG team has pushed out a proper launch, in the Bitcoin cash manner, until 1 November, which includes release of its code and essentially the ability to mine it. The same goes for a BTG 1:1 coin mirror.
[Image: 22809974_10154739562576621_897427802_n.jpg]
Coin Market Cap price quote as of article’s writing.

According to its now-live website, BTG will eventually differ in other ways as well from Bitcoin cash. BTG will use the proof-of-work algorithm Equihash, will adjust its difficulty at every block, and incorporate a unique address format.
There are no BTG coins to speak of today (except the 100,000 pre-mined coins) nor a blockchain yet, but it trades as a future on the Bitfinex platform. As of this writing, it’s at 104 USD. BTG’s first day, however, Coinmarketcap reported it down over sixty percent.
Bitcoin cash had its early downs and ups as well, reaching highs of over 800 USD since its inception, but has since stabilized at slightly over 300 USD (as of this writing) with a 5.5 billion market capitalization (fourth among cryptocurrencies). It has the second highest 24h trade volume of all cryptocurrencies.
The source of the DDoS attack on BTG remains a mystery for now. That, combined with its soft launch plans in a couple of weeks, along with little knowledge of who its team members are (its lead developer goes by h4x3rotab), means the BTG project over-all retains a sense of mystery too.
Then again, we still do not know who Satoshi is.

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  Coinbase Hard Fork Plan Credits 2x Coins, Shuns Bitcoin Gold
Posted by: admin - 10-25-2017, 09:16 AM - Forum: News From Cryptocurrency Market - No Replies

[Image: 725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdl...5qcGc=.jpg]

FORK

Largest US exchange Coinbase has finally released its official stance on Bitcoin hard forks SegWit2x and Bitcoin Gold.
In a blog post Monday, Coinbase surprised some in the cryptocurrency community by stating it would retain the BTC ticker for the legacy chain under all circumstances.
“Following the fork, Coinbase will continue referring to the current Bitcoin Blockchain as Bitcoin (BTC) and the forked Blockchain as Bitcoin2x (B2X),” the post reads.

Quote:[/url]

 Follow
[Image: MknLMLnY_normal.jpg]Coinbase 

@coinbase
Update on Bitcoin Segwit2x and Bitcoin Gold: https://blog.coinbase.com/timeline-and-support-bitcoin-segwit2x-and-bitcoin-gold-eda72525efd …
11:03 PM - Oct 23, 2017

Timeline and Support — Bitcoin Segwit2x and Bitcoin Gold
We wanted to give customers another update on two upcoming Bitcoin forks — Bitcoin Segwit2x and Bitcoin Gold. You can read more about what…
blog.coinbase.com


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Coinbase has taken longer than many exchanges to release its plan of action regarding hard forks, with notice being given the same day Bitcoin Gold split from BTC.
This lesser-known fork, Coinbase says, will only get support “if the Blockchain proves to be secure and valuable.”
“Information about this fork has been limited and there are concerns about its security and stability,” it continues.
“As a result, we do not believe it is safe to allow support for Bitcoin Gold at this time.”
Bitcoin Gold (BTG) is currently listed on Coinmarketcap as a pre-release token, with an estimated value of $410 per coin at press time.
The codebase for BTG is meanwhile incomplete, with a lack of replay protection still being addressed after an open community appeal on GitHub.

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  With 11 Million Users Coinbase Enables Instant Bitcoin Buying With a US Bank Account
Posted by: admin - 10-24-2017, 09:05 AM - Forum: News From Cryptocurrency Market - No Replies

Bitcoin exchange Coinbase announced that it will now allow users to buy bitcoin, ethereum, and litecoin instantly when paying with a US bank account.
Coinbase made the announcement in a blog post. Previously, customers who purchased cryptocurrency using a bank account had to wait several days — sometimes as long as a week — before they received access to their assets. Now, customers who pay for their cryptocurrency purchases using a US bank account can buy up to $25,000 worth of BTC, ETH, and LTC and receive access to their coins immediately.
This will be a welcome addition for consumers, many of whom desire to purchase ether so they can participate in initial coin offerings (ICOs), but new users in particular often do not realize they need to plan ahead to make sure their coins are available at the start of the ICO.
From the announcement:

Quote:“Our mission is to make Coinbase the most trusted, safe, and easy-to-use digital currency exchange. Instant purchases make it significantly easier and faster for customers to invest in the digital currency ecosystem. Reducing the time to receive digital currency has been a highly requested feature and we are pleased to provide this improved experience for our customers.”
Coinbase crossed the 10 million registered user mark in September and has already added more than 1.4 million users since then. At times, the company struggled to scale its growth to accommodate its swelling user base, but chief executive Brian Armstrong committed to using funds raised during the $100 million Series D round the startup completed earlier this year to improve customer service. To fulfill that commitment, Coinbase rolled out live phone support last month.
Coinbase says the instant bank purchases are live for “many customers in the US,” but it has not yet been enabled for others (the author’s account, for instance, does not appear to have instant buy available). The company says it will continue to expand the availability of this feature during the coming months.

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  Bittrex Issues Official Statement About Bitcoin Gold, Warns Users
Posted by: admin - 10-23-2017, 10:24 AM - Forum: News From Cryptocurrency Market - No Replies

[Image: 725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdl...5qcGc=.jpg]

Bittrex, the US-based Bitcoin and altcoin exchange has announced its official position on Bitcoin Gold. The exchange, widely regarded as a substantial player in the marketplace, had previously hesitated issuing a formal statement.
However, with the hard fork just a short time away, Bittrex has finally clarified its position on the coming fork. Per the statement, Bittrex will perform a ‘wallet snapshot’ at the time of the hard fork, which will occur at block 491,407. At that time, each BTC will receive an equivalent BTG. According to the statement:

Quote:“If you have a Bitcoin (BTC) balance on Bittrex during the BTG snapshot block 491,407 occurring approximately on October 24, 3am PT (10am UTC), you will be additionally credited the equivalent amount of Bitcoin Gold (BTG) on a 1:1 basis. i.e. 1 BTC on Bittrex held during the on-exchange snapshot will get you 1 BTG.  BTC held on orders will also be credited.  Only the BTC held on your account is eligible for BTG.”

Warnings
The exchange’s statement gave users a number of warnings about the forthcoming Bitcoin Gold currency. To wit:
“Bitcoin Gold does not currently have:
  • Fully formed consensus code
  • Implemented replay protection
  • Adequate code for testing and auditing
  • Publicly known code developers

Bitcoin Gold codebase also contains a private premine of 8,000 blocks (100,000 BTG). Please be aware that if a market does open there is a possibility of the developers selling their premined BTG on the open market.”
Bittrex noted that Bitcoin Gold does not meet the necessary requirements to be listed on its exchange. They also pointed out that taking a snapshot of user balances is extremely disruptive and they will have to suspend all deposits and withdrawals 24 hours before the snapshot is taken.
Nevertheless, in spite of Bittrex’s reservations about the currency and the difficulty involved in creating the snapshot, the exchange appears committed to ensuring its users receive the appropriate amount of Bitcoin Gold.

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