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  Telegram is testing ‘Passport’ facility for ID verification on its blockchain-driven
Posted by: admin - 05-12-2018, 06:16 AM - Forum: News From Cryptocurrency Market - No Replies

The first element of the Telegram Open Network, a service called Passport, is apparently on test. 
According to reports, messaging service Telegram – which has just undertaken an apparently hugely successful, and relatively secretive, pre-ICO – is currently testing part of the tech that will make up the Telegram Open Network (TON) that is central to its plans to offer a suite of decentralised services going forward.
The part of the system under test, Bitcoin.com reports Russian business publication Vedmosti as saying, is Telegram Passport. That is a service which stores information and documents for verification purposes, and will “be used to keep personal details and copies of IDs, banking statements, and utility bills to identify users on Telegram’s blockchain platform TON”.
Such verification appears to be central to getting TON – which will also offer payment and money transfer services using its own cryptocurrency, Gram (GRAM) – up and running in order to make good on the $1.7bn dollars that has been pumped in by big-ticket investors to get it working. The data stored, sources told Vedmosti, will be available to be shared among Telegram’s partner businesses. For example, payments provider Qiwi already has access to it, the report says.
Apparently, while Telegram itself will not have access to the the details and documents, which can be with a password and two factor authentication, with consent it will pass it on to partners, which can then verify it. The facility, it appears, would go a long way to preventing the kind of anonymity traditionally associated with cryptocurrency, and predictably unpopular with governments across the globe – not least in the service’s native Russia. It will also allow Telegram to operate independently of other large, centralised authorisation systems provided by the likes of Google and Facebook.
Despite the messenger service attracting the ire of Russian authorities, Telegram and TON has enjoyed a wildly successful pre-ICO that already makes GRAM the most successful offering of its type by a considerable margin. This is despite none of the technology being proposed actually being operational. That could all change pretty soon as Telegram Passport is predicted to go live in some form during the summer.

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  Winklevoss Brothers Win Crypto Exchange Patent
Posted by: admin - 05-09-2018, 11:15 PM - Forum: News From Cryptocurrency Market - No Replies

Winklevoss IP, the company owned by Gemini founders Cameron and Tyler Winklevoss, has been awarded with a patent claim that aims to settle exchange traded products (ETPs) holding cryptocurrencies.
The company outlined a system that can execute transactions for ETPs holding cryptocurrencies "such as bitcoins ... ripple, dogecoins ... ether" as well as BBQCoin, among others, according to patent published by the U.S. Patent and Trademark Office on Tuesday. The company first filed the application in December of last year.
ETPs, which include exchange-traded-funds (ETF), are a type of security whose prices derive from other investment instruments they are tied to, which in the Winklevoss case, would be cryptocurrencies.
The patent reward is notable as it provides a glimpse into the Winklevoss brothers' continuing efforts to push forward the trading of cryptocurrency-related ETFs after having met hurdles from U.S. regulators.
As previously reported by CoinDesk, the U.S. Securities and Exchange Commission (SEC) has rejected the brothers' last bid in March 2017 that sought to list a bitcoin-tied ETF on the Bats BZX Exchange, citing risk associated with the trading and regulatory uncertainty.
Currently, the SEC has yet to green-light any bitcoin-related ETFs on exchanges. And in January this year, several firms that were proposing a rule change to the SEC had also withdrawn their filings per requirement by the securities regulator.
Today's patent reward also comes just a month after the Winklevoss IP won another patent claim for strengthening cryptocurrencies' transaction security that could be used in the Gemini exchange, as previously reported by CoinDesk.

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  FairMining - The cryptomining concept!
Posted by: admin - 05-09-2018, 07:16 AM - Forum: Reviews - No Replies


- SSL Certificate

Evaluation: 3/5


- Customized design template and members area

Evaluation: 4/5

Investment Plans

from 1% to 3% daily plan according to the amount invested.

For low investment amounts till $200 the daily average is up to 1.8%. From $200 till $999 the daily return will be up to 2.2%.
More than $1000 till $2500 of investing, will be 2.4% daily return. More than $2500, the daily compensation can grow up to 3%

For sure the daily rates of 1.8% and 2.2% for amounts of investment till $1000, are the ones that most users have.

So, for this rates, BEP ( the return of the initial investment) can be returned in minimum on the 45th day. We are talking in long term investment concept, which I like, however the no term plan or forever concept is not favorable.

The program have 23 days of lifetime now, which means that still sometime for first investors to reach the BEP (break even point).

Long term is the main word for this program, but the forever concept is a negative point.

The payouts are made in instant mode.

Perfect Money, Payeer, Bitcoin and Litecoin are the payment methods available.

Evaluation: 3/5


- Custom Script

- Live Support

Evaluation: 4/5

Social Networks

- Social networks are not present in template
. This is a less for the program popularity.

Evaluation: 3/5

In conclusion, I give to this program a Evaluation of 3.4 out of 5.

Remember, invest all you can afford to lose!

You can join here:

[Image: 468x60.gif]

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  Venezuela to Launch Petro-funded Youth Bank, Maduro Claims
Posted by: admin - 05-07-2018, 01:00 PM - Forum: News From Cryptocurrency Market - No Replies

Venezuela will open a youth bank funded by the government’s state-backed petro cryptocurrency, the country’s president said on Thursday.
Nicolas Maduro announced the initiative during a youth rally held in the state of Aragua, and regional news outlet Telesur reports that he committed to funding the project with 20 million units of its recently-launched petro currency, which he says are collectively worth $1.2 billion.
Maduro provided few other details about the youth bank, other than that it will support “productive initiatives” for younger Venezuelans.
As CCN reported, Venezuela launched the petro in February through a much-derided initial coin offering (ICO). Maduro claimed that the token — which runs on the NEM blockchain and is allegedly backed by barrels of oil — raised more than $5 billion during the first month of its token sale, though the prevailing sentiment among analysts is that this claim is patently false.

Nevertheless, the government continues to tout the petro as a tool to evade US economic sanctions, which prompted US President Donald Trump to sign an executive order barring US citizens and residents from investing in or trading the token.
The country’s opposition-controlled legislature has also criticized the cryptocurrency, alleging that the government created it to distract from the country’s economic collapse.
Last week, Venezuela offered India a 30 percent discount on crude oil purchases if it pays for the transactions using the petro, and it has also pressured state-run businesses in Venezuela to accept the token as payment.
Venezuela further claims that the petro will replace the hyperinflated bolivar as its official currency by 2020 and that it will soon have a sister cryptocurrency, the petro gold.
Notably, Maduro said elsewhere during his speech on Thursday that local universities should establish cryptocurrency mining farms to help strengthen the Venezuelan economy, which has seen prices rise by 18,000 percent in two months.

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  JPMorgan Seeks Patent for Blockchain-Powered Interbank Payments
Posted by: admin - 05-04-2018, 11:20 AM - Forum: News From Cryptocurrency Market - No Replies

JPMorgan Chase is seeking to patent a system for using distributed ledgers as a way to facilitate and reconcile financial transactions, newly-released filings show.
In a patent application published by the U.S. Patent and Trademark Office on Thursday (which was originally submitted last October), JPMorgan outlined a system that uses distributed ledgers to record payments being sent from one bank to another using a peer-to-peer network. According to the bank, the tech's use would provide "a unique system for recording transactions and storing data."
The ability to replicate that data on the ledge across a public or private distribution network offers another benefit, the filing notes.
JPMorgan goes on to explain:

Quote:"In one embodiment, a method for processing network payments using a distributed ledger may include: (1) a payment originator initiating a payment instruction to a payment beneficiary; (2) a payment originator bank posting and committing the payment instruction to a distributed ledger on a peer-to-peer network; (3) the payment beneficiary bank posting and committing the payment instruction to the distributed ledger on a peer-to-peer network; and (4) the payment originator bank validating and processing the payment through a payment originator bank internal system and debiting an originator account."
A blockchain could improve upon existing systems by allowing real-time settlement more cheaply and quickly than is possible at present, according to the bank.
"For a cross-border payment to be made from a payment organization to a payment beneficiary, a number of messages must be sent between the banks and clearing houses involved in processing the transaction. This often results in a slow transaction, as there are may be delays in service due to correspondent banking, messaging networks, and clearing intermediaries in the payment flow," the application explains.
It's perhaps unsurprising that JPMorgan would seek a patent for its blockchain-related work in the area of interbank payments. The bank launched a platform for just that kind of service, built on ethereum-offshoot Quorum, days before it filed the patent application.
"Blockchain capabilities have allowed us to rethink how critical information can be sourced and exchanged between global banks," Emma Loftus, head of global payments and foreign exchange for JPMorgan Treasury Services, said at the time.

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  CryptoUK urges MPs to back cryptocurrency regulations
Posted by: admin - 05-02-2018, 11:23 AM - Forum: News From Cryptocurrency Market - No Replies

Leading industry body CryptoUK has called on the HM Treasury Select Committee to support the cryptocurrency sector and demand government action on regulation.

MPs need to back proposals to regulate the industry in the UK, claims CryptoUK, which include the replication of P2P finance legislation to bring platforms under the FCA’s remit, and ‘crypto-licences’ given to those that adhere to KYC and AML standards.
Regulation should focus on exchanges, brokers and trading platforms, it continues, as this is where digital currencies and fiat interact.
Iqbal V Gandham, chair of CryptoUK, said: “Introducing a requirement for the FCA to regulate the ‘on-off’ ramps between crypto and fiat currencies is well within the remit of HM Treasury. Based on our analysis, this could be achieved relatively easily, without the need for primary legislation, and would have a huge impact, both in reducing consumer risk and improving industry standards.
“This is an approach which is already working well in other countries, who are now taking the lead over the UK, for example in Japan and Gibraltar.  This is a wonderful opportunity for government to take a proactive stance, putting action where there are positive words and reinforcing the UK’s role as the world’s financial capital.”
Digital currencies are currently under discussion in Parliament as part of a wider inquiry ahead of the EU’s anti-money laundering regulations.
“We hope that the Treasury Select Committee considers these and adopts the ideas when it puts forward its own recommendations to the Treasury,” Gandham added.

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  Vive la France! Bitcoin Tax Slashed by Republic
Posted by: admin - 05-01-2018, 01:06 PM - Forum: News From Cryptocurrency Market - No Replies

According to Le Monde, France’s State Council of taxation has announced a severe lowering of financial penalties on gains from cryptocurrencies such as bitcoin. The agency is signaling crypto tax will plummet from its current 45% to an across the board flat 19%. It’s a dramatic change in orientation from the government. Could it be France is ready for a decentralized, digital financial future?
Also read: Telegram Urges Paper Airplane Protest, Pussy Riot Activist Arrested
France Lowers Crypto Tax
It has been an active year so far for La République. Bruno Le Maire, Minister of Finance, argued a month ago how, “A revolution is underway, of which bitcoin was only the precursor. The blockchain will offer new opportunities to our startups, for example with the Initial Coin Offerings (ICO) that will allow them to raise funds through ‘tokens,’ crypto-actives or not. It promises to create a network of trust without intermediaries, to offer increased traceability of transactions and, overall, to make the economy more efficient,” setting off a wave of enthusiasm from bitcoiners.
[Image: Macron-holding-Ledger-Blue.jpg]Mr. Macron with a Ledger Blue
For at least four years, however, the Republic of France has kept taxation on bitcoin core and cryptocurrency capital gains in general at nearly half. There appears to be a softening in this regard, as regulators responded to pushback by enthusiasts, and have pledged to bottom the current rate, 45%, by more than half, to 19%.
Good news started, perhaps, back in early 2017 after France elected the very young Emmanuel Macron, then 39. While the ecosystem has no political affiliation or loyalty, Mr. Macron gave an encouraging sign by allowing himself to be photographed with a cold storage wallet. It would later be revealed as a publicity stunt prior to his run. But, nevertheless, he at least seemed familiar with the technology.
An Active First Quarter
Again, during the first quarter of this year France has expended more political calories on the issue of crypto. Beginning with an appointment of an industry “Mission Leader,” France was particularly vocal about carrying forth some kind of world consensus on laws governing crypto (to no avail) ahead of the G20 meeting in Argentina. Shortly after, French minders cracked down upon crypto derivatives, and would a month later publish warnings about 15 “unauthorized” exchanges and platforms.
[Image: france-taxation-2000.jpg]
Around the same time as comments from the Minister of Finance and various regulatory activity, local bitcoiners took their case to the High Administrative Court. The court then ordered cryptocurrencies such as bitcoin be reclassified as property, thus leaving room for lower taxation. Profits derived from mining, however, are to remain under the banner of capital gains, as they’re considered purely commercial activities.

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  Cryptocurrency Exchange Binance Inks $15 Million Investment Pact with Bermuda
Posted by: admin - 04-30-2018, 08:34 AM - Forum: News From Cryptocurrency Market - No Replies

Reports have confirmed that Bermuda’s Premier and Minister of Finance, David Burt has signed a memorandum of understanding (MOU) with Binance Group, the operator of the world’s largest cryptocurrency exchange.
During a trip to Bermuda, Binance founder and CEO Changpeng Zhao met with David Burt to sign an MOU that will see the Binance Foundation provide up to $10 million of university training in Bermuda in blockchain technology development and compliance. The MOU also states that Binance Labs will invest up to $5 million in new Bermuda-based blockchain companies.

Quote:Honoured sir! Amazed at how advanced Bermuda is in welcoming the blockchain industry! Strong leaders makes all the difference in the world. https://t.co/QA88U51H0L
— CZ (@cz_binance) April 27, 2018
Premier David Burt said: “The Binance Group is the world’s largest cryptocurrency exchange and an international leader in digital exchange development and fintech, with a market capitalization of US$1.3B. Through the Binance Charity Foundation, the Group is committed to improving education, creating awareness in the development through the use of blockchain technology. Binance Labs are incubators to encourage greater innovation and scope for future investment in a variety of projects.”
Bermuda, a Blockchain Hub?
The announcement comes two week’s after Bermuda sent a clear message to the world that it wants to become a hub of blockchain innovation, embrace the digital future of cryptocurrencies and attract fintech entrepreneurs. Next month, the Virtual Currency Business Act is scheduled for discussion, covering areas such as ICOs, virtual currency exchanges, wallets and virtual currency services vendors. The legislation aims to address the intersection of cryptocurrency and fiat, overcoming issues of fraud and market manipulation.
Following the launch of a Blockchain Task Force last year, Bermuda is also moving forward with ICO legislation as it plans to become the first country to regulate ICOs.
During the meeting, Premier David Burt commented that the partnership was a meeting of goals and objectives: “Binance has decided that their goals align with our aims and objectives to provide a leading, well regulated jurisdiction, ideally suited to the growth of the FinTech industry.”
Bermuda is an international business and offshore financial hub already attractive to international business due to the fact that it has no corporate income tax. Burt’s progressive attitude towards cryptocurrency and blockchain should come as no surprise. The youngest ever Bermudian Premier started up his own IT consulting company before entering politics.
The announcement follows news that Binance surpassed one of Europe’s largest banks in profitability this year. In the first quarter of 2018, Deutsche Bank, Germany’s biggest bank and one of Europe’s leading financial institutions, recorded a profit of $146 million. Binance, the world’s biggest cryptocurrency exchange, recorded a profit of $200 million.

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  Japan’s 16 Licensed Cryptocurrency Exchanges Launch Self-Regulatory Body
Posted by: admin - 04-25-2018, 07:28 PM - Forum: News From Cryptocurrency Market - No Replies

A concentrated effort among 16 licensed Japanese cryptocurrency exchange operators to ‘restore confidence’ in the sector following the $530 million Coincheck theft in January has finally seen the launch of a self-regulatory body.
In a report by Japanese news outlet Asahi Shimbun on Tuesday, sixteen cryptocurrency exchanges currently registered and licensed by the Financial Services Agency (FSA), the country’s financial regulator, have launched a self-regulating body that will be known as the ‘Japanese Cryptocurrency Exchange Association’.
In addition to developing standards for the wider industry, the new body will also create and establish guidelines for initial coin offerings (ICOs) in Japan by working alongside the FSA.
The launch of the association comes after months of rumors of domestic licensed exchange operators banding together to adhere to self-imposed rules in order to foster a healthy trading environment, particularly in the aftermath of January’s infamous Coincheck theft.
The association will begin work on a framework that entails rules for customer protection and internal controls while seeking compliance from member companies. Notably, the group will also consider imposing penalties on members for activities that undermine public confidence and trust in the industry.
In no particular order, the 16 companies forming the group are: Money Partners, QUOINE, bitFlyer, Bit Bank, SBI Virtual Currency, GMO Coin, Bit Trade, BTC Box, BitPoint Japan, DMM Bitcoin, Bit Argo Exchange Tokyo, Bitgate, BITOCEAN, Fiscalo Currency Exchange, Xtheta and Tech BURO.
Taizen Okuyama, president and CEO of Money Partners will serve as the chairman of the newly formed group. One of Japan’s largest foreign exchange firms, Money Partners announced its foray into the cryptocurrency space after acquiring embattled exchange Coincheck for $33.5 million this month.
“We are working hard to develop security measures and internal control, we will promptly promote the rules of transactions and advertisements and the information we disclose,” Okuyama said. “We want to eliminate customers’ concerns and work to restore confidence in order to develop healthy markets.”
The new industry body will also provide guidance to over a dozen cryptocurrency exchanges that seek registration but continue to operate without a license from the FSA, Okuyama added.
He stated:

Quote:I would like to create a situation where I can give advice to (unregistered exchanges). The development of the industry as a whole is important.
As reported previously, the new body is an unification of the Japan Blockchain Association (JBA) and the Japan Cryptocurrency Business Association (JCBA) , the country’s two major cryptocurrency trade bodies that will now come together under a single roof.

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  SEC Charges Third ‘Mastermind’ In Centra Tech ICO Fraud
Posted by: admin - 04-23-2018, 11:35 AM - Forum: News From Cryptocurrency Market - No Replies

The U.S. Securities and Exchange Commission (SEC) has announced charges against a third partner in an investigation of Centra Tech Inc.’s $32 million ICO which was promoted by legendary boxer Floyd Mayweather.
The SEC earlier this month filed charges against the Centra Tech alleging that its ICO — which raised $32 million— was a fraudulent securities offering.
Unmasking The ‘Mastermind’
In an amended complaint, the commission charged Raymond Trapani, a Centra co-founder, in the scheme, naming him the “mastermind.” The SEC previously charged Sohrab Sharma and Robert Farkas, two other co-founders, for their roles in the fraudulent scheme.
The three went to “great lengths” to create the impression they had created a cutting edge technology, Robert A. Cohen chief of the commission’s cyber enforcement unit, said in the amended complaint. He said investors need to be cautious about investing in digital assets, particularly when they are marketed with claims seeming too good to be true.
Centra fraudulently claimed it had business relationships with credit card companies, used fictitious executive bios and misrepresented the company’s core financial service products, according to the amended complaint. Trapani and Sharma allegedly manipulated the trading of the tokens to drive interest in the company along with the token’s price.
Sharma, after receiving a cease and desist order from a bank instructing him to eliminate references to the bank in Centra’s marketing materials, texted to his partners that they needed to remove the references and should blame freelancers for the use of the references, the complaint states.
Trapani texted Sharma to create a false document to get the tokens listed in an exchange, to which the latter replied, “Don’t text me that s[***] lol. Delete.”
Also read: Knockout: SEC charges Floyd Mayweather-backed ICO with fraud
Securities Law Violation
The amended complaint, filed in federal court in Manhattan, claims Trapani violated the anti-fraud and registration provisions of the federal securities laws. The complaint calls for permanent injunctions, the return of allegedly ill-gotten gains, plus interest and penalties. It also calls for barring Trapani from serving as a public company officer or director and from offering securities.
In a related action, the U.S. Attorney’s Office for the Southern District of New York filed criminal charges against Trapani.
The SEC acknowledged the assistance of the U.S. Attorney’s Office for the Southern District of New York, the Federal Bureau of Investigation, the Manhattan District Attorney’s Office and the Conference of State Bank Supervisors.
Centra Tech’s website states that it is currently under maintenance.

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