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It’s been over forty-eight days since the hard fork, and the Bitcoin Cash (BCH) network is alive and well.


Also Read: Bitcoin Exchange BTCC to Halt Trading as Regulatory Storm Brews in China

Five Different Development Teams Are Working With the Bitcoin Cash Project

[img=178x0]https://news.bitcoin.com/wp-content/uploads/2017/09/bitcoin-cash.png[/img]As the blockchain’s days continue, BCH developers have been revealing the upcoming plans to improve the cryptocurrency’s protocol. Discussions revolving around bitcoin cash development shows the protocol’s programmers have a very ambitious roadmap for the digital currency’s future. This includes a deep focus on on-chain scaling, and not fearing hard forks down the road in order to upgrade the BCH software. Currently, there are five development teams who say they are working with the BCH project, which include developers from Bitcoin ABC, Unlimited, Nchain, XT, and Classic.

Bitcoin Cash Developers Don’t Fear Hard Forks

At the moment there are lots of ideas being tossed around like a malleability fix without the  additions Segregated Witness adds, and a different difficulty adjustmentalgorithm. To push these new ideas forward, some BCH developers are not afraid to hard fork the network occasionally.   
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“If we want to scale big we’ll have to do a hard fork from time to time,” explains developer Amaury Séchet
“If we want to scale big we’ll have to do a hard fork from time to time,” explains Bitcoin ABC developer Amaury Séchet recent developers mailing list post. “Longer term, we may want to use extension point to add new features, but we are not there yet — more on extension points later on.”

Séchet and many other developers have been discussing quite a few different concepts regarding the future of Bitcoin Cash. The lead Bitcoin ABC developer Séchet mentions a new Merkle tree format and improving light client security with UTXO commitments. Other developers would also like to work on non-consensus changes to improve and make the BCH network more reliable. Development discussions have also revolved around how a hard fork should be coordinated and combining multiple changes in a consensus change.


Bitmain’s Jihan Wu: ‘Satoshi Made it Clear That Blocks Would Have to Grow’

Last week the CEO of Bitmain Technologies, Jihan Wu, was interviewed by the Chinese exchange Huobi and discussed the Bitcoin Cash network in great detail. Mr. Wu explains that he believes Satoshi made it clear that blocks would have to grow and hard forks were important to Bitcoin’s upgrade process.

“This was already apparent in Satoshi’s white paper, emails, and his discussions on bitcoin forums where he expressed similar views,” explains Mr. Wu’s translated interview.           

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[i]Before Blockstream and their allies strangled opinions on certain important channels and media platforms, the entire bitcoin community was largely aligned with the plan towards Bitcoin’s block size upgrade.          [/i]

‘These Events Have Never Occurred Before in Bitcoin’s History’
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Bitmain founder Jihan Wu finds the Bitcoin Cash network very interesting.
Mr. Wu says what left the deepest impression on him regarding the BCH network was how it found its initial price valuation during the first two weeks. “The price fluctuated violently and would triple in a few days then fall, because everyone was in the process of getting to know and accept it — This left the deepest impression on me.” The Bitmain founder also thinks the BCH difficulty adjustment mechanism is intriguing.

“These events are fascinating and have never occurred before in Bitcoin’s history,” Mr. Wu tells Huobi. “When we first saw this phenomenon with our own eyes we felt it was really fascinating.”

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It has many implications for the switching over of computing power and how the value of assets are determined, and is worth researching.

It’s been over 8000 blocks since the hard fork and the BCH chain is 1200 blocks ahead of the legacy chain. It is currently 13.5 percent more profitable to mine BTC, but profit parity has been close and consistent for the past two weeks. At the moment, there are five known mining pools processing BCH blocks, and allegedly three unknown pools mining roughly 63 percent of the last 144 blocks. So far the BCH network has continued to grow stronger as the days continue with more supporters and infrastructure built around the protocol.

What do you think about the current state of the Bitcoin Cash network? Let us know in the comments below.

Read More Read More, Posted by: JoseRizl
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[Image: step1.jpg]
   

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[Image: step2.jpg]
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[Image: step3.jpg]
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[Image: step4.jpg]
 
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Read More Read More, Posted by: Nayaksk
ICO Pre lunch

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Read More Read More, Posted by: Nayaksk
[Image: Burger-2.jpg]Have you ever heard the term cryptocurrency? The term is used to refer to the virtual currency. Currently virtual currency continues to show trends that can be considered uphill after the world was introduced with Bitcoin by Satoshi Nakamoto in 2009 ago.
So widespread, not only Bitcoin which is then introduced to the world, quoted from coinmarketcap.com there are more than 500 cryptocurrency created. One of them is WhopperCoin.

WhopperCoin is a virtual currency that was recently launched by one of Burger King's famous burger franchises.
Reported by mirror.co.uk, Saturday (6/9/2017), Burger King branch of Russia has just launched its own virtual currency with the name WhopperCoin. Reportedly, in the development of the WhopperCoin system, Burger King collaborated with Waves (start-up company in the field of crypto-cash).

The applied transaction scheme, where the customer will get one WhopperCoin for each ruble (Russian currency) used when buying a burger. Later, the collected WhopperCoin can be reused to buy food at Burger King.
The mechanism that will be carried out to get this virtual coin later is to scan the receipt that customers get when transacting, which then the coins are stored in electronic wallet.

Based on monitoring in social media, customer feedback on this scheme is also positive, as many have claimed the virtual coin.
Non-cash transaction mechanism is starting a lot of ogled. The reason, this mechanism is considered to be a lot of cut costs both production and distribution used conventional currency.
For users, having digital money certainly also gives a lot of benefits. Practical is certainly, and no less important, the mechanism of non-cash transactions also means mengajuhkan users of crime, because no need to bring lots of money in physical form in the wallet.

Source : http://knowledgecrypto.com/whopper-coin-cryptocurrency-launched-burgerking/

Read More Read More, Posted by: Pixmartz
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As Chinese-based bitcoin exchanges plan to shut down, bitcoin investors are taking their trading elsewhere. They will now focus on broker-facilitated, over-the-counter exchanges. 


Also read: Nebraska Ethics Board Allows Attorneys to Accept Bitcoin

Prior to exchange shutdown notices, most traders conducted OTC exchanges on Weechat messenger. As a result of government crackdowns on Weechat users, bitcoiners have made an exodus over to privacy-centric messaging app Telegram. A Quartz article detailed the situation:

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The favored app for arranging OTC trades was WeChat, the ubiquitous platform run by Chinese tech giant Tencent. Now brokers are moving to chat platforms operated by non-Chinese companies to keep the trades going, in response to new rules tightening controls on chat groups

A surge of traders have now moved to Telegram for its encryption protocols. They should now be able to disregard government as they continue to trade and speculate on various cryptocurrencies.

Exchange Crackdown Will not Harm Bitcoin

It appears this investor pivot to secret OTC trading, foreshadows how underground bitcoin[img=150x0]https://news.bitcoin.com/wp-content/uploads/2017/09/shutterstock_702431539-150x150.jpg[/img] trading may manifest in China. Investors and brokers will conduct trades silently, under the cover of Telegram’s encrypted darkness. In this sense, it is unlikely bitcoin or cryptocurrency will be harmed in the long term. The resiliency of the technology will emerge while under duress from the Chinese government.

Eric Zhao, the computer engineer who runs the CNLedger Twitter account echoed this sentiment, saying: “Exchanges are not what give value to blockchain assets like bitcoin. It is the intrinsic technology and numerous applications who play decisive roles.”

OTC Trading Necessary Because Chinese Authority May Block Access to Exchanges

Even though Bitcoin will survive regardless of what happens — there are a myriad of unverified reports coming out of China that authorities may block certain bitcoin sites. One document states the Network Bureau would stifle trading.
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Loosely translated, the document states the Bureau would block access to Main BTC exchanges from abroad, including limiting API access. It would also block seed node addressing.

The Chinese government would also take action. It will analyze all DNS and IP addresses, and hand in lists to the IT Bureau. The document further stated:


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Meanwhile, to prevent the domestic block nodes to sync with nodes abroad, government will monitor the communication between the domestic block node with the pool(appendix 4). In case of emergency, cut down the network of the pool. Monitor highly on the BTC network’s communication via bridge connection, TOR and VPN etc. Inform the most frequent request.


It is good to keep in mind that these reports are unverified, and they could, in part, be “fake news.” Nonetheless, it is clear the Chinese government is clamping down on cryptocurrencies, but traders appear to be unfazed as they maneuver to access underground and OTC trading networks.


What do you think about JP Morgan Securities Ltd. purchasing bitcoin-based exchange-traded-notes? Let us know in the comments below. 


Read More Read More, Posted by: JoseRizl
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According to blog posts from two of the largest bitcoin exchanges in China, Huobi and Okcoin will be closing operations on October 31. Meanwhile, bitcoin markets have recovered back to the $3,640 range following the announcements. 


Also Read: Bitcoin Exchange BTCC to Halt Trading as Regulatory Storm Brews in China

Huobi and Okcoin to Close Operations on October 31

[img=226x0]https://news.bitcoin.com/wp-content/uploads/2017/09/1404.png[/img]Bitcoiners have been waiting for the two Chinese exchanges, Huobi and Okcoin, to announce that they were closing operations. Earlier this morning, the Chinese financial publication Caixin revealed that the two exchanges may stay open longer because they have a lot of users and the companies did not participate in the ICO process. Following this story, on September 15 at 9:30 pm Beijing time both trading platforms announced they would be closing trading operations on October 31. Both blog posts from each exchange are nearly identical.  
“On September 30 we will inform all users about stopping our trading services,” explains Okcoin and Huobi’s announcement.

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On October 31, in turn, we will gradually stop all the digital asset exchange operations associated with the RMB trading business.

Video Verification Required
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Customers must complete the video verification process to comply with China’s AML laws.
The exchanges mention the possibility of waiting periods for those with more than 50,000 yuan worth of digital currency. Further, refunds may take 10-15 days to process and both exchanges have stopped accepting new registrations. Those holding bitcoin cash (BCH) should be able to withdraw those funds by September 20th the trading platforms explains. To add to all the difficulties both exchanges are also requiring video verification for users as well.    

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According to China’s anti-money laundering requirements, all the coin holders still need to complete video certifications —  For video authentication queuing issues, please wait patiently, do not close the video in the session window.

Huobi: ‘This is Not the End’ as Bitcoin Price Bounces Back

Following the announcements from Huobi and Okcoin the price of bitcoin spiked in value reaching $3,640 across global exchanges after dipping below $3K earlier this morning. The extreme comeback has astonished traders as the decentralized currency climbed over $600 in less than an hour.  

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Bitcoin bounces back climbing over $600 higher in less than an hour.

Huobi explains to its users that this is not the end of blockchain technology and bitcoin in China stating, “such a decision is not the end, but a new beginning, the industry is more healthy and this is more development of the beginning of compliance, coins will continue in the premise of compliance, for our users.”

What do you think about the two large bitcoin exchanges closing operations in China on October 31? Let us know in the comments below.

Read More Read More, Posted by: JoseRizl
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Proxy Card - Ethereum for Everyone



Ever heard about Proxy Card? Lets Discuss it here.
Proxy Card is the newest App to make it more easy and secure every Ethereum transactions. 

Features of this app:
1. Private key in NFC Card - puts your wallets private key encrypted to your NFC Card so you are the only one can use the it. With just tapping your card to your                                                 phone you can send etheruem easily. If you lost your card you don't worry Proxy have a backup of your NFC Card
2. Request Funds - you can also requests funds to other users by just using the person's name. 
3. Chat - Users also can make private conversation with each other by using this makes it easier to negotiate and exchanges needed informations.
4. Merchant Account -  Merchants can use smart contract built to hold coin until a valid tracking number is issued back to the customer, at which time funds are                                                released. Proxy also be proving contracts to handle subscription services to make customers more comfortable doing business.


Advantage of using Proxy Card:
- Full time security, no one can access your money without having your physical Proxy Card, pin/fingerprint, and Proxy sign-on.
- Spend your ethereum without converting it to fiat in partner stores
- Don't need any technical knowledge to understand everything
- Fast transaction
Disadvantage:
- You have to have an enabled NFC phone to be able to use this app which not available on all smartphones and below Iphone 6
- Not giving any options only Ethereum can be use for transactions

I'm just thinking will merchants prefer to sell their products for ethereum. Maybe Proxy Card can support other cryptocurrencies. But overall this project is almost perfect and much better than its competitors.

How about you? Feel free to comment your suggestion, opinion, what you feel about this project.

Official Website: http://www.proxycard.io/
Twitter: https://twitter.com/proxy_card
Facebook: https://facebook.com/CardProxy
Whitepaper: https://blog.proxycard.io/whitepaper-ccbd4ac034c9

Read More Read More, Posted by: JoseRizl
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Bitcoin proponents got fired up last week when JP Morgan executive Jamie Dimon called bitcoin a “fraud” and told the CNBC news outlet that cryptocurrency markets would end badly. Following Dimon’s opinions, many crypto-enthusiasts responded to the banker’s recent statements.


Also read: GMO to Invest 10 Billion Yen in Its Own 7nm, 5nm and 3.5nm Dedicated Bitcoin Chips

Former JP Morgan Senior Executive Tells Jamie Dimon to STFU About Trading Bitcoin
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Former JP Morgan executive Alex Gurevich tells Jamie Dimon to STFU about trading bitcoin.
JP Morgan executive Jamie Dimon is downplaying bitcoin again and this time calling the decentralized currency a “fraud.” Dimon told a CNBC broadcast that bitcoin markets would “blow up” and he would fire anyone from his team if they traded bitcoin. “It’s worse than tulip bulbs — It won’t end well,” explains Dimon to the news outlet. Following this statement cryptocurrency proponents everywhere made fun of Dimon’s opinion and reminisced on how he said relatively the same thing a few years ago.
Alex Gurevich, former JP Morgan senior executive disagreed with Dimon’s opinion stating to his Twitter followers;

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Jamie, you’re a great boss and the greatest of all-time (GOAT) bank CEO. You’re not a trader or tech entrepreneur. Please, STFU about trading bitcoin.

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The cryptocurrency community responds to Jamie Dimon’s statement that bitcoin was a “fraud.”

John McAfee: Bitcoin is Certainly Not a Fraud
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MGT Capital’s John McAfee.
A few days later on CNBC’s “Fast Money” broadcast, MGT Capital CEO, John McAfee, says bankers like Dimon “are not idiots” but believed the JP Morgan executive’s opinion was wrong. McAfee is a big believer in bitcoin and even said he would cut his ‘family jewels’ on television if bitcoin didn’t spike to at least $500,000 in three years.

“You called bitcoin a fraud,” McAfee explains on the CNBC broadcast. “I’m a bitcoin miner. We create bitcoins. It costs over $1,000 per coin to create a bitcoin. What does it cost to create a U.S. dollar? Which one is the fraud? Because it costs whatever the paper costs, but it costs me and other miners over $1,000 per coin. It’s called proof of work.”

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And the fact that bitcoin is consistently growing in its use and its value has to say something — Sure it will rise and fall as all new technologies are. But at the same time, it is certainly not a fraud. – John McAfee

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Free market advocate Jeffrey Tucker says, “Jamie Dimon fears his job is obsolete.”
Jeffrey Tucker: ‘Guys Like Dimon Believe They Own the System’

Bitcoin proponent and the Foundation for Economic Education (FEE) Director of Content, Jeffrey Tucker believes Dimon’s statements are irrelevant. “Let’s just say that Mr. Dimon has a slight conflict of interest here — He is right to fear for the obsolescence of his job,” explains Tucker’s opinion of Dimon’s recent statement. Tucker then goes on to say;

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Guys like Dimon believe they own the system —They are the great intermediaries. The masters of the monetary universe. No one gets in the system or out of the system without their knowledge and permission. So it has been for thousands of years — Bitcoin changes all that.

Dimon definitely got some attention from his recent statements regarding the bitcoin economy from mainstream media and the cryptocurrency community. Most have merely laughed at Dimon’s opinion as they have done in the past when he tried to attach little importance to the bitcoin economy. Dimon also admitted that his daughter had bought bitcoins and had gained a large profit from it, and added “now she thinks she is a genius”. It is also well known the bank he works for is running a large operation exploring the “technology behind Bitcoin”; i.e. “blockchain”.

The CEO of the Digital Currency Group, Barry Silbert, responded to Dimon’s statements as well, saying, “I hope nobody tells him that half of his executive team probably owns bitcoin.”

What do you think about the responses to Jamie Dimon’s statements towards bitcoin? Let us know in the comments below. 

Read More Read More, Posted by: JoseRizl
https://sphere.social/?ref_code=5309-a5367343
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Read More Read More, Posted by: PluviOPhil3
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Not a day goes by, it seems, without an update from the Russian government about Bitcoin and cryptocurrency. Legislators in this particular country have historically had issues getting on the same page when talking about cryptocurrencies. In the latest update, Russian Finance Minister Anton Siluanov claims that cryptocurrency will be regulated by the end of 2017.

YET ANOTHER PLOT TWIST INVOLVING RUSSIA

Anyone who has kept a close eye on the state of Bitcoin in Russia will have noticed there is no unified message whatsoever. Some officials have claimed Bitcoin will not be legalized or recognized in the country, whereas others have stated it is only a matter of time until some legislation is put in place. Finance Minister Anton Siluanov recently echoed the latter sentiment, stating that the Russian government will have cryptocurrency regulation in place by the end of 2017.

That is a rather ambitious deadline. As of right now, no one has any idea as to how cryptocurrencies may be regulated in Russia moving forward. There is some opposition from other government officials, which could hint that the rules put in place may not be overly kind toward startups and service providers. Then again, the largest Russian online payment processor, WebMoney, began accepting Bitcoin payments some time ago, which indicates that a positive future is certainly possible


Siluanov provided some intriguing details as to what the Russian government has planned exactly. The main focus is evidently on overseeing the domestic cryptocurrency market. Banning cryptocurrencies such as Bitcoin would make absolutely no sense for the government. Bitcoin and other currencies drive financial innovation like no other concept has ever done before. Ignoring the trend is one thing, but there is no way to ban something that is not centralized in the first place.

That does not mean it would be impossible to regulate Bitcoin activity in Russia, though. The most likely course of action would be to introduce some changes to how local exchanges and service providers operate, similar to how things are handled in other countries. It is now up to Russia’s Finance Ministry to draft a bill that creates a viable ecosystem for Bitcoin and other cryptocurrencies in Russia. Speculation is running wild as to what we can expect exactly.


Russia has recently been making a lot of waves in the realm of cryptocurrency. Not only has that government established a working group on cryptocurrency regulation, but it also plans to invest in a major mining operation. It will be interesting to see how the latter venture plays out, though, as mining cryptocurrency has been subject to substantial scrutiny in Russia over the past few months. With conflicting reports in this regard as well, it is unclear what the future holds for cryptocurrency miners.


This somewhat positive news does not mean Russian officials are ignoring the risks associated with cryptocurrency. There is still the potential for fraud, money laundering, and tax evasion. However, with regulation finally in place by the end of 2017 – or possibly later – interesting things await cryptocurrency in Russia. We can only hope the coming regulation will not hinder innovation in any way, although that remains to be determined.

sourch

Read More Read More, Posted by: moneyship83
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Over the past week, bitcoiners everywhere have been focused on the speculative news of China ‘banning’ bitcoin and wondering if the stories were true. According to recent reports from local media and the country’s National Internet Finance Association (NIFA), bitcoin is not ‘illegal,’ but exchanges may face tighter regulatory supervision and might have to cease operations temporarily until they are licensed.


Also read: Professor Urges New Zealand Government to Develop Bitcoin Regulations

Bitcoin Exchanges May be Required to Procure a License  

Last week new.Bitcoin.com reported on rumors of China banning bitcoin, while cryptocurrency markets tumbled due to the negative news. Many reports from mainstream media detailed that the digital currency was deemed ‘illegal’ in China, even though there was no confirmation of this from regulatory officials. Bitcoin proponents also saw tweets from Litecoin creator, Charlie Lee, stating that China “finally banned bitcoin exchanges,” but the tweet was later deleted.

[Image: archive.jpg]

Charlie Lee’s recent Twitter statement was deleted but was archived.



Later Bitmain’s Jihan Wu explained to his Twitter followers that “China has not banned bitcoin.” Further Mr. Wu detailed that exchanges needed licensure and the same thing would happen in the U.S. if trading platforms didn’t have a license.

“None of the bitcoin exchanges in China have licenses that are required for order book exchange,” explains Mr. Wu via Twitter. “Such law is older than bitcoin. Because some establish in China that Bitcoin exchanges need to stop operations right now does not mean that they cannot open again once with a license.”



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If a bitcoin exchange operates inside U.S. without a license for years and later is asked to stop operating. Is the U.S banning bitcoin?



So-Called “Currency” Trading Platforms Are Not Legally Established



Following the rumors and hearsay, China’s National Internet Finance Association (NIFA) announced that exchanges dealing with cryptocurrency and ICOs had received many warnings in the past. NIFA states that any exchange operating in China currently has “no legal” authority to operate a virtual currency business at the moment.

“So-called “currency” trading platforms in China are not legally established,” reveals NIFA’s statement on September 13.

China’s regional media sources also confirm that exchanges will face stricter regulatory scrutiny, but claim that bitcoin is not banned nationwide. According to the reports, the next step will be strengthening cryptocurrency exchange supervision while also emphasizing that ICOs are still forbidden. One report explains regulators are merely “removing fraudulent projects without actual content.” However, even though some local reports state bitcoin exchanges will face more regulatory challenges they still may have to cease operations in the meantime.



The Possibility of Cryptocurrency Exchanges Shutting Down is Still There

[img=300x0]https://news.bitcoin.com/wp-content/uploads/2017/09/158335554-300x200.jpg[/img]
An anonymous source tells The Wall Street Journal that domestic bitcoin exchanges may have to close.

An anonymous source told The Wall Street Journal that domestic cryptocurrency trading platforms will soon be closed down. The sources explained that regulatory officials were cryptic detailing the situation and would not reveal when the alleged exchange shut down would happen. “Too much disorder was naturally a basic reason” to stop cryptocurrency operations explained the news outlets’ source.



For now, every major Chinese cryptocurrency exchange is still operating, and the public doesn’t know if they will have to close down. Moreover, if exchanges are asked to close, then the trading platforms may have to get licensed before resuming financial operations. Many speculators believe the news has been the primary factor tied to the bitcoin price drop over the past 24-hours.

 
What do you think about the recent events in China? Do you think Chinese exchanges will be shut down? Let us know in the comments below.

Read More Read More, Posted by: JoseRizl
[Image: coinone-1068x1068.png]
Korea’s third largest bitcoin exchange Coinone has opened a physical cryptocurrency exchange. Six cryptocurrencies are supported including bitcoin, bitcoin cash, and ether. The complex has a bitcoin ATM, a large display board with market information and features a face-to-face consultation service.


Also read: South Korea Takes Steps To Regulate Digital Currencies

Coinone Blocks Launched

[img=300x0]https://news.bitcoin.com/wp-content/uploads/2017/09/logo-1-300x51.png[/img]South Korean bitcoin exchange Coinone announced on Monday the launch of Coinone Blocks, which the company described as “the world’s first blockchain 4D zone.” The new brick-and-mortar branch enables offline cryptocurrency exchanges as well as offer other services including face-to-face consulting on cryptocurrency trading, Korea Joongang Daily detailed.

[Image: board1.png]

In addition to all the services customers can expect from the exchange’s online platform and the in-person consultation service, customers can also purchase USB hardware wallets there.

The complex has a bitcoin ATM as well as a large display board with market information on six digital currencies that can be traded on the exchange. Currently, supported cryptocurrencies are BTC, BCH, ETH, ETC, XRP, and QTUM.

Coinone Blocks is located in Yeouido, Yeongdeungpo District in southwest Seoul. Its operating hours are Monday through Friday from 10 am to 6 pm.


The Need for a Physical Exchange

[img=300x0]https://news.bitcoin.com/wp-content/uploads/2017/09/space-300x170.png[/img]
Coinone Blocks’ Lounge.

Coinone is the third largest bitcoin exchange in Korea, according to Coinhills. Its daily trading volume is comparable to that of the second largest exchange, Korbit. Bithumb remains the largest bitcoin exchange with approximately 76% of the domestic market share. In addition to operating a cryptocurrency platform, Coinone operates Cross, a blockchain-based remittance service.

“Consumers in Korea are recently calling for a more secure means to exchange cryptocurrencies,” Korea Joongang Daily noted. “Coinone Blocks is intended to fulfill the needs of consumers who want to receive tangible services,” a Coinone spokesperson explained.

[img=300x0]https://news.bitcoin.com/wp-content/uploads/2017/09/consultation-300x200.png[/img]
Coinone Blocks’ Consultation Desks.

Coinone Blocks consultants can help customers with issues regarding digital currency transactions. They can also discuss related technologies and policies as well as the future of blockchain-based finance. The complex has a lounge and meeting rooms where blockchain-related meetings can take place, Zdnet described.


“We will lead the market with customer-oriented service through the opening of Coinone Blocks,” CEO Cha Myung-hun was quoted saying, adding that:


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[i]The purpose of Coinone Blocks is to create a healthy and transparent ecosystem for digital currencies.[/i]


Last month, Bithumb launched a walk-in customer service center with a consultation service, but it does not offer the full range of exchange services Coinone Blocks offers.



What do you think of Coinone’s physical exchange? Let us know in the comments section below.

Read More Read More, Posted by: JoseRizl
AIX token bounty campaign
IoT insurance pertama (Etherium Based)

Bagi-bagi token gratis

https://goo.gl/5zvEeM

Klik link diatas
Download dan install app (android, Apple)
Ajak teman sebanyak-banyaknya.

1 sign up = 1 stake = 25 US$
Review the app = 2 stake = 50 US$

Selain itu agan-agan juga bisa berpartisipasi dicampaign lainnya, seperti translate, guest media (blogging)

Read More Read More, Posted by: andrethegreat
i have a very good idea about stellar,

well my idea is to make stellar as an online money exchange and place it in the online game market, casino, gambling, well I cation example you work with market app / game like playstore and mobo market there is where the sale of the game very often visited or also you can make your own market that you can use stellar pay, in addition you can earn profits by exchange you can also promote stellar to others and it is a plus, where the more stellar people are known then the stellar will rise in price

Read More Read More, Posted by: Rizal1212
[Image: IGFT-1068x1068.png]
Leading Contract for Difference (CFD) and spread betting provider, IG Group, is actively marketing bitcoin, bitcoin cash and ether CFD trading to the mainstream. While customers speculate without owning actual cryptocurrencies, IG purchases and sells them to hedge its clients’ positions.


Also read: New FCA Rules Could Reduce UK Bitcoin Spread Betting Appeal

IG’s Crypto Products

IG Group has been stepping up its game in promoting cryptocurrency products. Currently, products based on three cryptocurrencies are offered; bitcoin, bitcoin cash, and ether.

[img=284x0]https://news.bitcoin.com/wp-content/uploads/2017/09/IG_WordMark_3D_Grey_HR-285x300.jpg[/img]“We’re the no.1 provider of CFDs and spread betting worldwide,” the company’s website states. IG is regulated by the UK’s Financial Conduct Authority (FCA). It operates in 17 countries and its subsidiaries are regulated by the relevant authorities in the countries where they operate such as Australia, Japan, South Africa, UAE and Singapore. The platform provides 185,000 active traders and retail investors access to more than 15,000 financial markets. In the U.S., it operates under the brand Nadex. The platform facilitates almost 8 million transactions a month.

Users can speculate on the price of bitcoin and bitcoin cash against the USD, EUR, and GBP. However, only USD is offered for ether.
[img=1039x0]https://news.bitcoin.com/wp-content/uploads/2017/09/LG-offerings1.png[/img]

Clients Want Choices

[img=300x0]https://news.bitcoin.com/wp-content/uploads/2017/09/shutterstock_421484053-300x196.jpg[/img]Spread bets come in two varieties; Daily Funded Bets (DFBs) and forward bets, IG detailed. The former run for as long as the user wants to keep them open, whereas the latter expire after a set period of time. Therefore, the cost of maintaining a DFB position is levied on the corresponding account each day, whereas the entire cost of a forward bet is taken into account in the spread, IG noted.

Customers speculate without owning actual bitcoins, the company states. In addition, “IG’s bitcoin settlement is based on a combination of real time prices provided directly by some of the world’s most liquid bitcoin exchanges,” according to the company’s FAQs. IG market analyst Chris Weston explained:

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[i]The ability to take a position without putting down the full face value of the position is an attraction, especially when traders are purely speculating on price movements and, by not actually taking delivery of the coins, this mitigates the possibility of the coins being hacked or stolen.[/i]

While bitcoin products have been around since 2013, IG started offering its ether product in July this year. “The introduction of Ethereum as a trading vehicle has been led by demand,” Weston wrote, adding that “the bottom line is traders want choice.” The company added bitcoin cash (BCH) products last month.

IG Trades and Holds Bitcoin

IG revealed in its 2017 annual report that the group buys, holds, and uses bitcoin as a hedge in order to cover its clients’ positions. The company wrote:
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[i]The Group normally would hedge its clients’ trading positions with its brokers. However, as its brokers do not offer bitcoin as a hedging product, the Group purchases and sells bitcoins to hedge the clients’ positions.[/i]

For the financial year 2017, IG reported “£11.9 million (31 May 2016: £3.2 million) related to amounts held on bitcoin exchanges and in third party vaults.”

Reaching the Mainstream
[img=252x0]https://news.bitcoin.com/wp-content/uploads/2017/09/ad-swedish-252x300.png[/img]
IG’s Ad in Dagens Industri.
Recently, IG has been increasing its marketing efforts to attract investors to CFD and spread betting on the three cryptocurrencies.
IG’s ads for CFD and spread betting in bitcoin, bitcoin cash and ether, can be found in mainstream newspapers such as the London Evening Standard. The free daily newspaper has a circulation of 899,484 as of July this year.
A similar ad can be found in leading Swedish financial newspaper Dagens Industri. According to a media survey, Dagens Industri’s printed edition had about 328,000 daily readers during the beginning of 2017.

What do you think of IG’s product offerings? Do you think more people will be attracted CFD or spread betting on cryptocurrencies? Let us know in the comments section below.

Read More Read More, Posted by: JoseRizl

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