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  SEC Suspends Trading in Publicly Traded `The Crypto Company´ after 2500% Rise
Posted by: admin - 12-20-2017, 09:04 AM - Forum: News From Cryptocurrency Market - No Replies

The Securities and Exchange Commission (SEC) announced “the public interest and the protection of investors require a suspension of trading in the securities of The Crypto Company.” It’s the second time this year the SEC has gone after crypto-affiliated, publicly traded companies. 
Also read: Tezos Foundation Board Member Quits
[Image: 25552694_10154863455721621_1389856218_o-1024x412.jpg]
SEC Suspends The Crypto Company
Effective 9:30am EST today, continuing through midnight 3 January 2018, “pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of [The Crypto Company] is suspended,” the notice reads.
According to the filing, “concerns regarding the accuracy and adequacy of information in the marketplace about, among other things, the compensation paid for promotion of the company, and statements in Commission filings about the plans of the company’s insiders to sell their shares of The Crypto Company’s common stock” have raised too many unanswered questions for the regulator.
In only one month’s time, its stock has risen more than 2,500 percent, and its executives were getting rich, potentially. Bloomberg pegs its president as holding “a stake valued at nearly $4.2 billion based on Monday’s closing price.”
The SEC filing continues, explaining questions “concerning potentially manipulative transactions in the company’s stock in November 2017” caused it to intervene.
[Image: download.png]
A surf to the company’s investor page gave only a 404 message, Page Not Found. Otherwise, the site appears to be active, selling itself as a consulting, technology, and portfolio firm. It lists five team members who are “multi-disciplinary” and who understand “blockchain technologies.” The company purports to “deliver domain expertise to our clients, partners, portfolio companies and the broader investment community.”
Business Insider quotes CEO Mike Poutre defiantly claiming they “are fully reporting and get halted. SEC is sending the wrong message. We are working with counsel and will handle things appropriately,” he said.
This is at least the second example in 2017 of the SEC stepping-in after a public company affiliates with the crypto space. Back in August, another Nevada registered company, CIAO Group, Inc., raised the regulator’s hackles “concerning, among other things, the activities of the company with respect to business plans in the telecommunications industry and plans for an Initial Coin Offering or ICO,” leading to “the opinion that the public interest and the protection of investors require a suspension of trading in the securities” of CIAO Group, Inc. 
Especially during the Year of Bitcoin, companies looking for a free ride on crypto-related hype better make doubly sure they’re in full compliance. They are being watched.

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  CME Bitcoin Futures Price Above $20k in First Day Trading
Posted by: admin - 12-18-2017, 11:16 AM - Forum: News From Cryptocurrency Market - No Replies

CME Group's long-awaited bitcoin futures began trading today with a bullish signal, as the sale price for its Jan. 18 contracts opened above $20,000.
Coming months after the Chicago-based derivatives exchange operator first revealed plans for dedicated bitcoin offerings, the launch took place at 6 p.m EST. At that time, the opening price for the January contract was $20,650, $1,150 over the last price on CME's reference rate ($19,500).
All told, more than 200 Jan. 2018 contracts were bought during the first hour, CME data reveals.
The operator's site shows that one Feb. 2018 contract and one March 2018 contract were sold, along with two scheduled to expire in June. Prices for the latter three are above $20,000 at press time.

[Image: CME.jpg]
Since the opening, contracts have also notably continued trading at a premium against the price of bitcoin, which according to CoinDesk's Bitcoin Price Index (BPI) was $19,400 when CME launched trading of the bitcoin futures.
Along with last week's bitcoin futures kick-off from Cboe, the past week has now seen the launch of multiple products aimed at institutional investors. And, as previously reported, other institutional giants including Nasdaq and Wall Street's Cantor Fitzgerald are expected to launch products around bitcoin in 2018.
However, CME's launch also showed signs of market fatigue.
In a departure from the initially rocky launch for Cboe, which saw its website become briefly inaccessible due to significant traffic, CME's site remained stable after the open. Further, over the course of the first hour, bitcoin saw a sell-off, with the price declining to a low of $18,424.

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  After Segwit2x Failed Jeff Garzik Reveals “United Bitcoin”
Posted by: admin - 12-15-2017, 12:52 PM - Forum: News From Cryptocurrency Market - No Replies

A new bitcoin fork called United Bitcoin has been announced by a few prominent cryptocurrency luminaries that aims to improve the mechanics of the original bitcoin software. United Bitcoin was forked on December 12, 2017 at block height 498777 and the creators claim it will feature an 8MB block size, Lightning Network support, Segregated Witness, and the ability to process smart contracts.
Also read: Howard Stern and Saturday Night Live Reference Bitcoin as Popularity Grows
United Bitcoin: A Fork of a Different Color Plans to Find a Purpose for Lost and Inactive Wallets
[Image: Kay-Bojesen-gaffel-900x300-300x100.png]The ‘forking fever’ has been contagious these days as there seems to be a new bitcoin-based fork announced every two weeks. Now the well-known bitcoin developer and Bloq founder Jeff Garzik, Bitbank Group’s Songxiu Hua, and the chairman of Bloq, Matthew Roszak, have decided to launch their own form of bitcoin. The project called United Bitcoin (UB) has many goals which include raising the block size to 8MB and adding smart contract functionality to the digital asset. Additionally, one upcoming feature that is fairly controversial is how the United Bitcoin team plans to distribute funds to certain allocations that stem from lost and inactive bitcoin wallets. This means inactive stashes like Satoshi Nakamoto’s addresses will be accessible and distributed to certain aspects of the UB roadmap.
“United Bitcoin will use the pressure-tested mechanics of Bitcoin, such as PoW, block times, supply cap, and issuance model, while it upgrades areas to accommodate larger social demands — These improvements will be an increase in block size to 8MB, the addition of smart contract support based on UVM, the addition of Lightning Network support, and SegWit implementation,” explains the UB white paper.       

Quote:The mission of United Bitcoin is to find a purpose for lost Bitcoin and inactive wallets and create a stable cryptocurrency system through an association of joint credit and smart contracts.
[Image: UBBA.jpg]
The United Bitcoin core team and board members.

Influential Communities and Creating a ‘Crypto-Gold Standard’
The United Bitcoin distribution process is a bit different than most of the other bitcoin forks this year. Bitcoin core (BTC) users who transfer their funds would be eligible to receive their UB balances if they transferred between Block 494000 and Block 498777. The receiving address must be tethered to one of the input addresses, and cannot be a fresh new address. The output address must contain a balance of more than 0.01 BTC says the UB white paper. Eligible bitcoin addresses will be credited UB 1:1 for every BTC they hold. United Bitcoin’s official website has a full node client that can synchronize the blockchain.
Of course, across the community and social media, the subject of another bitcoin fork is controversial. Moreover, the plan to distribute funds from inactive address is probably the biggest bone of contention for some bitcoin proponents. The UB team says the balances of inactive addresses will serve the community. 30 percent will be allotted to “influential communities” that help spread UB adoption. The other 70 percent of idle balances will serve as reserves that will be tethered to stable tokens pegged to chosen fiat currencies. The UB team believes this process will create a system similar to the Gold Standard.

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  South Korean Banks Drop Crypto Accounts as Government Plans a Ban
Posted by: admin - 12-14-2017, 01:16 PM - Forum: News From Cryptocurrency Market - No Replies

South Korean regulators have announced a plan to ban banks from activities involving cryptocurrencies, prompting major banks in the country to declare they will no longer issue accounts required for crypto trading. South Korea’s top bitcoin exchanges are all effected, including Bithumb, Coinone, and Korbit. Banks that have made announcements include Shinhan Bank, Korea Development Bank, and Industrial Bank of Korea.
Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions
Crypto Ban Planned for Banks, Minors, and Foreigners
The South Korean government has been holding meetings daily to discuss cryptocurrency regulation. On Wednesday, local publications reported that the regulators are planning to ban banks from activities involving cryptocurrencies. According to AFP:

Quote:The Prime Minister’s Office said Seoul would ban financial institutions from dealing in virtual currencies – including buying, possessing, or holding them as collateral.
[Image: shutterstock_360600578-277x300.jpg]In addition, Korea Herald reported that “banks in Korea that provide virtual bank accounts for cryptocurrency trades will have to verify the identification of account holders when creating new ones,” according to the plan. Furthermore, the regulators plan to ban minors and foreigners from both trading in cryptocurrency and creating bank accounts in the country.
Virtual bank accounts are issued by traditional banks for customers of cryptocurrency exchanges. A customer wanting to start trading at a crypto exchange must first open a virtual bank account and deposit money into it. All major Korean exchanges, including the country’s largest bitcoin exchange Bithumb, require customers to open virtual bank accounts before trading. The Kyunghyang Shinmun described:
Quote:Virtual currency can be traded only after joining a virtual currency exchange and depositing money in a virtual account assigned to the exchange.
Banks Ditching Crypto Accounts
Wednesday’s announcement marks the first time the regulators have applied restrictions on virtual bank accounts.
The country’s major state-run and commercial banks immediately responded by announcing that they will stop issuing new virtual bank accounts for cryptocurrency exchanges. Some are even canceling existing accounts, Arirang News reported, adding that:
Quote:Such measures will effectively freeze most traders out of the cryptocurrency market as the country’s leading virtual currency exchanges such as Bithumb and Coinone require users to create a virtual account before they can conduct any transactions.
If a bank closes an exchange’s virtual bank accounts, then “it is fundamentally impossible to sell and buy virtual currencies through the bank,” Business Korea noted.
Major Banks Jumping Ship
[Image: bank-list2-159x300.png]Among the banks that have decided to stop issuing virtual accounts are Shinhan Bank, Korea Development Bank (KDB), Industrial Bank Of Korea (IBK), Woori Bank, KB Kookmin Bank, and KEB Hana Bank.
Shinhan Bank, which issues virtual accounts for Bithumb and Korbit, will not issue new virtual accounts but will not cancel existing accounts, according to the Kyunghyang Shinmun. In November, news.Bitcoin.com reported on the bank launching a cryptocurrency custody service.
The state-run KDB which issues virtual bank accounts for Coinone announced that it will “stop all the businesses related to cryptocurrency transactions, including bitcoin, from January next year,” Business Korea reported on Wednesday.
Woori Bank which issues virtual bank accounts for Korbit is taking the same approach as KDB. The bank will cancel existing virtual accounts as well as suspend issuing new ones. IBK BankKB Kookmin Bank, and KEB Hana Bank have all stopped issuing virtual accounts.
At the time of writing, Nonghyup Bank has not made an announcement regarding the matter. According to the Investor publication, this bank provides virtual account services to several exchanges including Bithumb, Coinone, and Korbit.

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  EBay 'Seriously Considering' Adding Bitcoin Payments
Posted by: admin - 12-13-2017, 11:34 AM - Forum: News From Cryptocurrency Market - No Replies

On eBay right now, you can buy a Complete Cryptocurrency GPU Mining Rig for $2,586, or a “Just Hodl” (a bitcoin inside joke) hoodie for $33.99, or a “collectible bitcoin gift coin” for 99 cents. There are hundreds of bitcoin-related items, but you can’t pay in bitcoin. Yet.
Scott Cutler, senior vice president of eBay Americas, told Yahoo Finance in an interview this week that the online retailer is “seriously considering” accepting bitcoin, but “we’re not quite there yet.”
[Image: 0ab05aae7845998fae2fa5511cf7d8ea]
A collectible bitcoin gift coin on eBay. (Not a real bitcoin! Bitcoins are intangible.)


Not many retailers accept cryptocurrency as payment, but for one that does accept bitcoin, it’s been a boost to shares. Overstock.com (OSTK) is up more than 250% in the last six months, as it rides the bitcoin phenomenon. The web retailer is a pioneer in the cryptocurrency space, as it became the first major retailer to accept bitcoin in early 2014.
Payments in bitcoin aren’t exactly becoming commonplace, but they are slowly becoming more common: even a New York City preschool is accepting bitcoin for tuition. At some point in November, mobile-payments company Square (SQ) quietly rolled out a new feature to a small number of users on its Square Cash app: the ability to buy and hold bitcoin. Square CEO Jack Dorsey (also CEO of Twitter) told Yahoo Finance in October, “There’s nothing more impactful to our business than digital currency.”
As for eBay, it is currently focused on delivering a strong holiday season, as it tries to compete with Amazon. The retailer is working on expanding its offerings, shipping times, and return process.

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  Soccer Star Leo Messi Promotes Ultra-Secure New Crypto Phone
Posted by: admin - 12-11-2017, 09:18 AM - Forum: News From Cryptocurrency Market - No Replies

With the incredible price rise of bitcoin this year the world is seeing the emergence of a new class of consumers and investors, the bitcoin generation. As such it is no surprise that businesses are now tailoring new products aimed specifically at this demographic. The latest example of this is an ultra secure mobile device promising to keep your crypto transactions private.
Also read: Reports of Israeli ICO Ban Are Fake News, Entrepreneurs Look to Create ‘Crypto Nation’
Messi Business
Israeli serial entrepreneur and bitcoin advocate Moshe Hogeg revealed on Thursday that one of his ventures, Sirin Labs, has signed up soccer superstar Leo Messi to promote an upcoming mobile phone and operating system for paranoid cryptocurrency users. The company hopes that by bringing in the FC Barcelona and Argentina forward it could reach a wider global audience and attract them to the world of crypto.
[Image: messi-facebook.png]
Messi wrote to his almost 90 million Facebook fans that: “I am usually busy trying to decentralize defences and after digging deeper into Blockchain and decentralized systems, I’m excited to join SIRIN LABS as an ambassador to make blockchain more friendly with their upcoming operating system for smartphones.” The post got over 200,000 reactions and almost 2000 shares so far, showing the company might have bet right on the star’s social media prowess.
As he earns an estimated $650,000 per week at Barcelona alone, as well as recently having received a $100 million bonus, signing Messi is also a sign from the company it is ready to spend big bucks to support its new offering.
Security First
[Image: Paranoid-300x300.png]Growing out of the privacy-focused cryptography world, the bitcoin community is always concerned with cyber security issues. In addition, frequent hacks to crypto wallets and exchanges, as well as governments around the world threatening to ban or regulate the use of bitcoin, give users real cause to worry about keeping their dealings private.
Trying to answer this demand, the developers of the new open-source operating system say it is designed to offer built-in support for secure applications, such as crypto wallets, secure exchange access, encrypted communications, and a P2P resource sharing ecosystem. Other security features include: Trusted Display, IP Address Hiding, MAC Address Randomization, and a physical security switch.

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  Coin Place - The right Place!
Posted by: admin - 12-09-2017, 07:28 AM - Forum: Reviews - No Replies

Quote: Money News Online

"CoinPlace first though, in many ways it’s quite a traditional style standard HYIP. Nothing too complicated but still professionally organised and set up with a decent operational and advertising budget, and a couple of plans I think a lot of investors might like. CoinPlace is brand new and came straight to my monitor’s Premium List almost immediately after it launched. So let’s get started and see if you might want it in your portfolios.

Starting with the investment plans then, there are three plans to choose from in CoinPlace. Two of them make daily interest payment while the other just pays you once on expiry. It’s the less attractive of the three options, but I’ll start with it anyway as it’s also the cheapest and shortest term plan. CoinPlace require a $10 minimum to join. Your principal is then locked in for a term of 15 calendar days. At the end of the term the CoinPlace admin then offers a single payment of 110% back to you, principal included. That’s your own money back plus an extra 10% net profit for yourself. So were you to let’s say invest $100 with this plan, the hope is that CoinPlace would give you back $110 on expiry of the 15 day term. Maximum investment limits are capped at $500 per deposit.

On expiry plans in the HYIP industry are rarely popular when the program offering them has daily paying alternatives. I would expect that to be the case in CoinPlace as well. So the second option will cost you a $25 minimum to join, and runs for a slightly longer term of 20 calendar days. The interest rate is 6% per day for the term’s duration, principal included. That adds up to 120% in total by the last day of the term, made up of your own money back plus 20% net profit. If we say then that a $100 deposit is made in your account CoinPlace offer to repay you at a rate of $6 per day. You reach the break even point and see your first profit after 17 payments, that is to say you earn back a sum equivalent to your principal therefore making it impossible to lose money, and complete the cycle with $120 in total. The maximum limit for deposits in this plan is capped at $10,000 per deposit.

The list of investment plans is rounded off by you third option which runs for a term of 30 calendar days. CoinPlace require a $50 minimum to join, so it’s still within a reasonable grasp for most investors. The term length is 30 calendar days during which the CoinPlace admin is offering investors a daily interest rate of 5%. Lower than the previous plan which means it takes a little longer to reach the break even point (20 days this time) but with more payments is ultimately more profitable. Your final return comes to 150% out of which CoinPlace is also including your principal. That means your own money back plus the maximum possible 50% net profit. The maximum spend is again capped at $10,000 per deposit.

If any of that is of interest to you and you’d like to join, then the next thing we need to look at are what are your payment options. The processors CoinPlace are currently dealing with are slightly more focused on digital e-currencies. You can use either PerfectMoney, AdvCash or Payeer if you favour the more traditional style payment processors, or BitCoin, Ethereum, LiteCoin, and Dash if you want to use a more modern digital e-currency. If using any of the digital currencies you will be using the CoinPayments interface. In this case technically speaking your actual investment will be made in BitCoin, you simply have the option to pay for it using Ethereum, LiteCoin, and Dash. Your interest payments will then all be made via BitCoin, so you won’t really have a choice in that.

I guess a lot of you will be pleased to hear that most withdrawal requests are paid instantly. That’s up to a maximum value of $500 which is going to be the overwhelming majority of transactions. For security reasons anything bigger than that will have to be handled manually by the admin, but either way they will all need to be submitted from within your CoinPlace member’s account area. In the event of instant payouts being delayed for some reason (and there are plenty of perfectly valid ones, such as account replenishment, security, etc.) the admin asks you allow him a further 24 hour waiting period to ensure all transactions are completed. BitCoin investors however please pay very special attention to this – you are required to have at least a $10 minimum withdrawal request before it is accepted by CoinPlace. I don’t know how long this will continue for but to be fair here the conditions are largely outside the admin’s control. With a backlog of transactions and the poor value users are getting on the fees required going through the Blockchain network it’s totally understandable that CoinPlace would need to introduce such a rule. Obviously it doesn’t suit the program any more than it suits the members, so hopefully the situation will change before too long. If this is a problem for you then don’t forget that CoinPlace have several perfectly good alternatives to BitCoin where this is not an issue.

Moving on then to the more technical aspects of the CoinPlace website such as design and security, the first item of note is the secure Extended Vallidation SSL encrypted connection by Comodo to allow for safer browsing and more secure transactions. They have the above average Green Bar version, which is superior and a bit more expensive than standard. Hosting is on a dedicated server with support and protection provided by OVH. As for the script, it’s a unique and custom made product developed especially for meeting the needs of CoinPlace. Despite that it still manages to give the CoinPlace website a familiar easy-to-navigate feel, and it’s very user friendly throughout. Aside from English the CoinPlace website can also be viewed in Russian, Spanish, Italian, German, French, Portuguese, Polish, and Vietnamese. Just use the flag icon at the top of the page to switch between whichever version you are most fluent in. It’s also nice to see CoinPlace making use of other promotional tools, specifically some recorded videos where you can now watch the main one on the MNOVision page here and some other video reviews on the program’s own website."

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  Goldman Sachs Will Trade Bitcoin Futures For Clients
Posted by: admin - 12-08-2017, 10:04 AM - Forum: News From Cryptocurrency Market - No Replies

Goldman Sachs, the global finance market’s second largest investment bank behind JPMorgan, will begin trading bitcoin futures for its clients, once major exchanges list bitcoin futures in the upcoming weeks.
According to Bloomberg, a source familiar with the company’s bitcoin futures trading plan stated that in the short-term, bitcoin future trades made by Goldman Sachs on behalf of its clients will be processed on a case-by-case basis. 
In a statement, Goldman Sachs spokeswoman Tiffany Galvin said:
“Given that this is a new product, as expected we are evaluating the specifications and risk attributes for the bitcoin futures contracts as part of our standard due diligence process.”
Goldman Sachs CEO Enthusiastic
Lloyd Blankfein, the Goldman Sachs chairman and CEO since 2006, said “if bitcoin works, we’ll get to it.” Last month, in an interview with Kayla Tausche from CNBC, Blankfein noted that he is open minded towards bitcoin, because many assets and technologies he viewed as “stupid and wrong” turned out to perform and work well. Blankfein stated:
“I have an open mind about these things [bitcoin and cryptocurrencies] because there are a lot of things that work really really well today that I thought was stupid and wrong. I have a much more open mind about this and I know a lot of history of finance and I pointed out that there was a time wherein people only took gold coins.”
More importantly, Blankfein emphasized that the abrupt shift from the gold standard to the fiat currency system was rejected and failed to be adopted in the beginning. If bitcoin is a natural progression from hard money to digital money, Blankfein explained that bitcoin holds the potential to become the next gold and reserve currency of the world.
“A five dollar gold coin was worth five dollars because it had five dollars worth of gold in it. Then they issue paper money that is backed by gold in the treasury. Then one day, they issue paper money that does not have the backing of gold. There was no pledge that if you turn it in, I’ll give you five dollars of gold. It is fiat money. I say this piece of paper is worth five dollars and so therefore it is five dollars and a lot of people did not take that for a long time. But, now they do without question. You move a little bit further and you get bitcoin that is not a fiat currency so I don’t trust, it and I don’t like it. On the other hand, if it works, I say maybe it was a natural progression from hard money to digital money, explained Blankfein.
CBOE’s Bitcoin Futures Launch on December 10
The bitcoin futures exchange of the Chicago Board Options Exchange (CBOE), is set to launch on December 10, merely two days from today. Large-scale investment banks and hedge funds such as Goldman Sachs and Man Group plan to invest in the cryptocurrency upon the launch of CBOE and CME’s bitcoin futures exchanges, given that those two markets are expected to significantly increase the liquidity of bitcoin.
Goldman Sachs and its clients will likely utilize CBOE and CME bitcoin futures trading platforms to invest in bitcoin by mid-December.
With Goldman Sachs and JPMorgan optimistic in regards to the growth of bitcoin as the new gold and robust store of value, other major banks and financial institutions will inevitably follow.

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  More Bitcoin Fork Clones on the Way: Bitcoin God Will Be Born Xmas Day
Posted by: admin - 12-06-2017, 02:41 PM - Forum: News From Cryptocurrency Market - No Replies

It seems forking bitcoin has become a new cryptocurrency obsession lately as a myriad of bitcoin clones are joining the economy. Now two more bitcoin fork ‘snapshots’ seem to be on the horizon, called “Bitcoin God” and “Bcash”.
Also read: Bitcoin-Based Ethereum Smart Contract and Sidechain Rival RSK Launches
Chandler Guo Wants to Give a Symbolic Gift by Launching ‘Bitcoin God’ on December 25
[Image: ewHfnU-Z-300x300.jpeg]

Chandler Guo

We continue to hear about new bitcoin snapshot clones called diamond, rubies, gold, lightning, and now there’s allegedly a ‘Bitcoin God’ network coming. A network snapshot is basically a clone of the bitcoin blockchain taken at a precise block height. This means the new chain shares the exact same history as the legacy blockchain, up until that specific time. From there the new blockchain splits off and records its own transactions and blocks mined going forward. Further, the new network can have entirely new characteristics like bitcoin gold’s equihash consensus mechanism; which is different than bitcoin’s proof-of-work (PoW).  
The well-known Chinese cryptocurrency investor Chandler Guo has revealed he is launching a bitcoin-based fork that will use the ticker ‘GOD.’ Guo details the project is coming December 25 and explains there will not be a premine.
“Bitcoin God (GOD) will be forked off the main bitcoin chain at the block height of 501225, which will happen on December 25th to be symbolic of me giving candy to all bitcoin holders — The total amount will be 21 million — No pre-mine,” explains Chandler Guo via Twitter.
After Guo made the announcement, one of the investor’s Twitter followers asked him if the fork was a joke, or if it was real. Guo replied by detailing the fork was “real” and has tweeted about bitcoin god a few times since he announced the project.
Is Someone Creating a Bitcoin Clone Called ‘Bcash’?
[Image: 34149988-300x300.png]Further, there have been talks about another bitcoin fork that may spring up in the near future. Just recently someone noticed a Github repository is being worked on for a forked token called ‘Bcash.’ The repo was initiated on December 1, but the project was initially announced this past August, a few days after the bitcoin cash hard fork.
“Bcash is a new cryptocurrency that uses the existing Bitcoin ledger combined with Zcash privacy technology,” explains the Github repository.
The person or group behind the bitcoin/zcash clone does have a Twitter handle as well but has only tweeted twice. The developer who claimed to be creating the token is an early cryptocurrency developer who goes by the name “Freetrade.” The developer said he had launched blockchains like Protoshares, Memorycoin, Hodlcoin, and other projects within the space. The developer emphasizes in his announcementthat Bcash is not associated with bitcoin cash and the project is an entirely different network in the making. Freetrade explains:
Quote:There are a number of scammers trying to cash in on the Bcash name. Be very cautious of anyone using the ‘Bcash’ name at this time. Bcash is not available for purchase or sale at this time.
Of course, the cryptocurrency community doesn’t know what to make of these new bitcoin snapshot projects. Although some bitcoin cash supporters seem pleased there is another token being created that will use the name Bcash, which also may essentially remove the disliked name from the BCH community. BCH supporters have also recently created a website called “What Is Bcash” that is dedicated to informing people that some individuals are deploying the word Bcash as a “social attack.”

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  Japan Increases Lead – Approves Another Four New Cryptocurrency Exchanges
Posted by: admin - 12-04-2017, 11:23 AM - Forum: News From Cryptocurrency Market - No Replies

More Crypto Exchanges Approved by FSA
[Image: fsa-300x112.png]The Japanese Financial Services Agency (FSA) has posted on its website the details of four new cryptocurrency exchanges which the agency approved on December 1. This is the second time the FSA has approved a list of crypto exchanges. The first time was on September 29 when 11 exchanges were awarded registration.
The FSA explained that only the digital currencies handled by the approved 15 exchanges are confirmed to “correspond to the definition under the fund settlement law,” based on information provided by each exchange. The fund settlement law went into effect on April 1.[Image: shutterstock_687394963-4-300x201.jpg] It legalizes bitcoin as a method of payment in Japan and requires cryptocurrency exchanges to register with the FSA.
The four companies approved in this round are recently established exchanges: Tokyo Bitcoin Exchange Co. Ltd, Bit Arg Exchange Tokyo Co. Ltd, FTT Corporation, and Xtheta Corporation.
According to the FSA’s website, three of the four companies above have only been approved to trade bitcoin (BTC). Only Xtheta Corporation has been approved to trade additional cryptocurrencies: ether (ETH), bitcoin cash (BCH), ripple (XRP), litecoin (LTC), ethereum classic (ETC), NEM (XEM), monacoin (MONA), and counterparty tokens (XCP).
More Applications Being Reviewed
[Image: shutterstock_704922310-300x200.jpg]The FSA is still reviewing a number of applications. At the end of September, on top of the 11 exchanges approved at the time, Nikkei reported that 17 companies were under “ongoing review.” Twelve companies did not meet the agency’s registration requirements and subsequently closed down their exchange operations.
Among the applications currently being reviewed is one from Japan’s second largest bitcoin exchange, Coincheck. The exchange issued a statement on Friday clarifying that its application to register as a “virtual currency exchange trader” was submitted on September 13 and is still currently “under review.” Nonetheless, Coincheck assured its customers that “we are still able to provide the service as usual.”
Last month, the FSA published a document clarifying its administrative policies including on cryptocurrencies and initial coin offerings (ICOs). It outlines how cryptocurrency exchanges will be monitored. This follows the agency’s announcement that it has begun monitoring the eleven exchanges which were approved in September.

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