Thursday, August 31, 2017
Coinbase Captures Majority of Virtual Currency Consumer Complaints in 2017
This week the student loan organization, Lend EDU, published a report that details virtual currency company complaints are up 5,971 percent this year according to data pulled from the U.S. Consumer Financial Protection Bureau database.
Also Read: Bitcoin Is Becoming a Popular Investment for Middle-Class Americans
Determining Virtual Currency Consumer Complaints
Bitcoin and virtual currencies have been extremely popular this year and have grown immensely in value. This has led to more mainstream cryptocurrency usage and digital currency businesses being swamped by new customers. With more clientele, bitcoin-based companies see more complaints regarding things like; lack of customer service and people having difficulties with verification processes. Lend EDU, an online educational lender, analyzed the CFPB Consumer Complaint Database back in January of this year to “determine if consumers were complaining about virtual currency and Bitcoin to the CFPB.”
Virtual Currency Transactions Account for 0.0019 Percent of the Total Complaints Received
“On August 26th, 2017 we pulled the CFPB Consumer Complaint Database and found 145,948 complaints from 2,731 different companies,” explains the Lend EDU report. “So far in 2017, we identified 277 complaints labeled under Virtual currency.”
In 2017, Virtual currency transactions account for 0.0019 percent of the total complaints received by the CFPB. The CFPB is on pace to receive 425 complaints in 2017, up 5,971 percent from the seven complaints received in 2016. However, it should be noted that some complaints related to Virtual currency may not be receiving the appropriate tagging within the database.
Coinbase Holds a Large Majority of CFPB Consumer Complaints
“Coinbase received a total of six complaints in 2016. In 2017, there have been 288 complaints against Coinbase,” the report details. “Coinbase is on track to receive 442 complaints in 2017, up 7,288 percent from 2016.”
Other Financial Service Complaints Eclipse Grievances With Virtual Currency Companies
Lend EDU also notes that the CFPB had warned consumers about virtual currencies three years ago. At the time, CFPB Director Richard Cordray told consumers they were stepping into the ‘Wild West’ when they engage in the market.”
Even though virtual currency complaints have risen by 418 recorded incidents this year, out of all the financial markets, it is extremely small. For instance, mortgage operations and other banking services account for upwards of 21 percent or over 40,000 complaints per sector. Further, the CFPB merely records the complaint data and does not consider all the facts Lend EDU concludes in its report.
What do you think about complaints against virtual currency businesses rising? Let us know in the comments below.
Images via Shutterstock, Lend EDU, and the Coinbase logo.
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via Jamie Redman
Wednesday, August 30, 2017
Now Bitcore Nodes Can Switch to Any Bitcoin Implementation — Even Forks
The company Bitpay has been busy lately dealing with the recent blockchain split, the possible upcoming fork, and dealing with the drama over using Segwit2x software. Now the firm has released a preview of its Bitcore version 5.0 protocol which enables any user to run a bitcoin application using any implementation of the Bitcoin protocol.
Also Read: Bitkan Announces the 2017 BTC & Blockchain International Summit
Bitcore’s Modular Nodes Allow Users to Switch to Any Bitcoin Implementation
“Now you can change your Bitcoin client, upgrade it or downgrade it, whenever and however you want — As long as your client can talk to the Bitcoin network, Bitcore can use it,” explains Bitpay’s announcement.
To switch underlying Bitcoin implementations, you can point Bitcore to any full node which supports the Bitcoin P2P protocol, even another fork of Bitcoin. And since you won’t need to fork Bitcore’s code base to do it, switching implementations is easier than ever.
Javascript Bcoin Protocol Creates More Functionality
Bitpay says that by default, Bitcoin runs on a node of the Bcoin implementation, a full Node.js-based client. The firm says that the default to Bcoin allows for more functionality and is easily extendable to create other Bitcore services. “With Bcoin, your Bitcore instance also now automatically supports Segregated Witness (Segwit),” Bitpay details.
Bitcore’s Bcoin implementation makes deploying a block explorer simple. Spin up a Bcoin-based Bitcore full node and block explorer in two easy steps.
Bitcore Users Can Also Designate a Bitcoin Cash Node
After Bitpay announced the latest version of Bitcore 5.0, an individual on Reddit asked the company if Bitcore would support the Bitcoin Cash (BCH) fork. Bitpay’s James Walpole responds by explaining that Bitcore can be set to a BCH node.
“If you are running a bitcoin application (like a block explorer) using Bitcore, you can designate a Bitcoin Cash node,” Walpole details. “This would mean that your own block explorer would now query the Bitcoin Cash blockchain. This would not impact any Bitpay services whatsoever. You can only change the implementation your own Bitcore instance is using.”
What do you think about Bitpay’s Bitcore 5.0 software being able to support multiple clients? Let us know in the comments below.
Images via Shutterstock, and the Bitcore logo.
Want to create your own secure cold storage paper wallet? Check our tools section today.
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via Jamie Redman
Chinese Officials Travel to US to Discuss Fintech and Cryptocurrency Regulations
Chinese state representatives visited San Francisco last week to meet with distributed ledger technology businesses and regulatory agencies to discuss fintech and cryptocurrency regulations. Officials from the People’s Bank of China, Shanghai New Financial Research Institute, and the Peking University Digital Finance Research Center were among the delegates that took part in the trip.
Also Read: Chinese Regulators Consider Crackdown on ICOs
US and Chinese Representatives Agreed on The “Need to Emphasize the Relationship Between Innovation and Stability” With Regards to Cryptocurrency Regulations
Representatives from China’s central bank and several Chinese research institutes met with US cryptocurrency start-ups and regulatory agencies in San Francisco across August 23-24. Chinese media outlet Sohu reported that the trip was intended “to promote the exchange of financial and technological fields between China and the United States.”
The Chinese representatives met with a wide array of entities during their trip, including Circle, Coinbase, Ripple, fintech start-ups Prosper and Sofi, financial institution Wells Fargo, and the San Francisco Federal Reserve. The Peking University Digital Finance Research Center (IDF) and the Shanghai New Financial Research Institute will soon publish a joint report detailing the delegation’s findings regarding “the status of US financial technology development, regulatory model” making recommendations for Chinese regulators. The discussions focused on the topics of fintech and cryptocurrency regulations, central bank issued digital currencies, and money laundering prevention.
Sohu reports that the delegation members reached a number of “effective and valuable” points of “consensus”, including the “need to emphasize the relationship between innovation and stability” with regards to the development of cryptocurrency and fintech regulations. According to Sohu the discussions successfully “established channels of communication [between] industry agencies… [and] regulatory bodies” from both China and the US.
Delegates Attributed “the Rapid Development of China’s Internet Financial Industry” to China’s “Relatively Loose Regulatory Attitude”
The meetings revealed great insights into China’s regulatory considerations with regards to cryptocurrency and fintech. IDF Director Huang Yiping is reported to have emphasized the need for regulators to “effectively control the risk of internet finance, while not stifling the power of innovation and opportunities,” attributing “the rapid development of China’s internet financial industry” to China’s “relatively loose regulatory attitude.”
Representatives from the Bank of Sun Guo-Feng are reported to have articulated their belief that a sound regulatory apparatus should comprise three components – “financial institutions, technology companies, and regulatory technology companies.” The Chinese officials also “stressed” the importance of “artificial intelligence technology” in “prevent[ing] systemic financial risk.” In order to effectively manage the risks associated with financial technology, the PBOC will “focus on the development of a macro-prudential management frameworks in regulatory technology, either by independent research and development by regulators or by outsourcing research and development.”
The delegation was led by Huang Yiping, the director of the Digital Finance Research Center of Peking University and Vice President of the National Development Research Institute of Peking University. Other Chinese representatives included the secretary general of the Chinese Financial Society, the executive of the Shanghai New Financial Institute, the Director of the Institute of Finance for the Bank of Sung Guofeng and the head of research for the Chinese Finance Association of Internet Strategy – illustrating the significance of the meetings.
Do you think Chinese and US authorities will develop complimentary frameworks for cryptocurrency regulations? Share your thoughts in the comments section below!
Images courtesy of Shutterstock
Need to calculate your bitcoin holdings? Check our tools section.
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via Samuel Haig
PR: Cointal, The First Multi-Cryptocurrencies P2P MarketPlace Launched Pre-Signups
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
Cointal is the one website you’ve been waiting for. So far, we may have seen many Peer-to-Peer Marketplaces, but none concerned themselves with procuring any feature that would reassure all traders at once.
First of all, no P2P marketplace has ever proposed more than two cryptocurrencies at once. On Cointal, you can choose the deal that suits you the most and buy/sell the most promising cryptocurrencies so as to exchange it for cash later on.
For the moment, Bitcoin (BTC), Ripple (XRP), Ethereum (ETH) and Litecoin (LTC) are already available for traders on the platform. Cointal is aiming to become the first centralized Multi-cryptocurrency P2P Marketplace encompassing all fancied cryptocurrencies.
Thanks to their partnership with BitGo Platform, an all-in-one wallet is offered and made available once signed up. More cryptocurrencies will be added. The list will be stretched even more. They’re targeting at least 10 different cryptocurrencies to be made available before early-2018. Charging you only 1% fee for selling, Cointal allows you to register and to buy any available cryptocurrency, for free.
Also, this marketplace proposes multiple payment methods, for example: (Bank Transfer, Cash in Person, Credit/Debit Card, Gift Cards, Money Gram, Neteller, Paypal, Skrill, Western Union, etc.)
Having been scammed for too long, traders are forcibly looking for more security, more payment facilities, smoother transactions, and being able to experience the trade however they feel like without fear. Furthermore, Cointal integrates free insurance for everyone who uses their website. Anyone who suffered from a scam while using Cointal will immediately get a refund.
The social aspect plays an integral role for the company. Social features such as Social Chat, private messaging (without opening a trade) will be made available from day one, along with all fashionable social networks, keeping you updated and always in contact with the team.
Looking good until now? Well, there’s more!
Given the fact that Cointal’s team regroups many ambitious traders, their first reflex was to get inspired by their predecessors’ marketplaces and exchange platforms. Be it design, professionalism, swiftness or promptness, Cointal has a major concern: to have all of the above incorporated in one single place.
All business endeavors are fully secure and compatible with any platform. Be it phone, tablet or computer, Cointal provides a service that includes:
– Escrow (financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction) with a Feed-back system (for a better experience).
– No deposit or withdrawal limits for all the cryptocurrencies.
– A multi-secure wallet provided by BitGo Instant (allows on-chain, zero confirm and instant transactions between participants).
– A complete support platform (Live Chat, phone number, support tickets).
– An awesome affiliate program (Users earn a percentage on each transaction made by their referrals.).
– Anti-hacking platform (DDoS, Phishing, hacking and social frauds, etc.) which makes the two-step verification system mandatory.
– Mobile app (that will be available before fall 2017).
– Worldwide service along with the team’s full transparency.
On to the serious business now.
Cointal offers a special treatment to the first comers. Given the fact that they haven’t launched their platform yet, they are willing to create a small and trusted community before the official launch. The First members are given some privileged advantages.
The first 1000 subscribers will be exempt from all charges for their first 100.000,00 USD trade volume. Their profiles will be given a significant label: ”Cointal Builder” that will improve their reputation within the community.
They will be eligible to apply to be moderators in the social chat, the blog and even the Cointal forum.
In case of any problem with their account, their requests will be given first priority, without support tickets; they can instantly request a phone call to resolve their issues.
Once every month, three (3) of these lucky members will be randomly given 10.000,00 usd worth of BTC.
Their Website is almost ready.
Currently, they are still working on some final adjustments.
However, they welcome you to check their gallery to see how it looks like: http://ift.tt/2xAtE3V
To benefit from these special features and be one of the firsts to join their platform before the launching, they have created a subscription page. You can find the link down below.
http://www.cointal.com/
Joseph A.
Chief Marketing Officer
cointal.app@gmail.com
This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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via Bitcoin.com PR
Google’s John Martinis Believes Quantum Computing Threat to Be Long Way Off
At a recent crypto event, Google’s John Martinis addressed the hypothetical threats posed by quantum computing, stating that we are still many years from being able to realize quantum computers. Concerns regarding the threat quantum computing may pose to RSA encryption has been increasingly discussed within the cryptocurrency community in recent years.
Also Read: Antonopoulos Details Bitcoin’s Two Layers of Protection Against Quantum Computing
The Perceived Threat Posed by Quantum Computing Is That It May Be Able to Break RSA Encryption and Digital Signatures
Google’s John Martinis recently rejected the notion that quantum computing may pose a direct threat to cryptocurrency in the near future. Speaking at the University of California Santa Barbara as part of the Crypto 2017 event, Martinis says he believes it will take at least a decade until quantum computing may be realized, stating that building such is “really, really hard, way harder than building a classical computer.”
The perceived threat posed by quantum computing is that it may be able to break RSA encryption and digital signatures. “That would mean you could forge transactions, and steal coins,’” stated Bernardo David, a cryptography expert from the Tokyo Institute of Technology. Martin Tomlinson, a professor in the Security, Communications and Networking Research Centre at Plymouth University, articulated the hypothetical threat that quantum computing may pose to bitcoin in a 2016 interview with MSN. “If you have a quantum computer then you’re able to just basically calculate the private key from the public key… it would take just a minute or two. So by learning all the private keys using a quantum computer, you’d have access to all the bitcoin that’s available.”
Many Cryptocurrency Developers Are Actively Seeking to Address the Threats Posed by Quantum Computing
In refuting the threat, Martinis has pointed to an instability of quantum bits (qubits) – which are the counterpart to bits in classical computing. Martinis describes qubits as resembling a three-dimensional version of bits, which rather than representing a strict, binary 1 or 0 (as is the case with bits), qubits can simultaneously represent both values in a dynamic array of “superpositions”. As such, Martinis argues that popular perception that competing quantum computing research labs are engaging in a race to produce the most qubits is inaccurate, stating that of equal importance is a lab’s ability to reduce the number of qubit errors that are generated.
Despite the distant nature of the hypothetical threat posed by quantum computing, many cryptocurrency developers are actively seeking to address such. QRL, or Quantum Resistant Ledger, is an altcoin that was developed with evading quantum computing as its principal stated utility. The Russian Quantum Centre has also stated its intention to expand its research in quantum proof blockchain solutions. These endeavors indicate the cryptocurrency community is taking the perceived threat seriously, well before quantum computing has become a reality.
Do you think that quantum computing poses a threat to bitcoin and cryptocurrency? Or do you think that developers will have the capacity to evade quantum computing’s threat by the time such has been realized? Share your thoughts in the comments section below!
Images courtesy of Shutterstock
Have you seen our new widget service? It allows anyone to embed informative Bitcoin.com widgets on their website. They’re pretty cool and you can customize by size and color. The widgets include price-only, price and graph, price and news, forum threads. There’s also a widget dedicated to our mining pool, displaying our hash power.
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via Samuel Haig
PR: Archain Is Building an Uncensorable Internet Archive Inside a Cryptocurrency
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
The developers of Archain have released the first version of their new cryptocurrency and archiving system. This archiving system, built on revolutionary new cryptographic technology, would allow users to submit documents and webpages to an archive that is truly permanent and uncensorable for a small fee in the archain currency, ARCs. Users will be able to “mine” these ARCs themselves, or buy them from other users.
Such technology comes at an extremely welcome time; with internet censorship on the rise and the neutrality of the internet being widely called into question, an archiving tool that is truly out of the reach of any individual or organisation – even its creators – will allow citizens of the world to take part in the fight for free speech and expression. Archain hopes to live up to these expectations, “No longer will it be possible for our history to be forgotten” said Sam Williams, Archain’s CEO. “Archain is going to plug the Orwellian memory hole”.
However, the archain project is not just taking place behind closed doors. As well as open sourcing their product, the archain team have encouraged external developers to take ownership of the fight against undue internet censorship. Alongside its prototype, the Archain team has already released a toolkit to allow developers to build apps that will utilise the network’s permanent storage features, as well as instructional videos to help new developers get started.
In order to face the challenge of the internet-level scaling that Archain requires, the system employs novel Proof of Access and blockweave technologies. These technologies allow Archain to scale to levels far out of reach of traditional blockchain-based cryptocurrencies. By integrating data from randomly selected previous blocks into the mining of each new block, miners are financially incentivised to form a self-optimising network of storage and redundancy, creating a cryptocurrency that can rival the internet in scale. The details of these technologies can be found in the Archain whitepaper.
Development of the Archain product is well underway, with the first prototype and the app developer toolkit publicly available. You can contribute to the Archain project by taking part in our token pre-sale, ending 13/09/17.
Press Contact Email Address
sam@archain.org
Supporting Link
www.archain.org
This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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via Bitcoin.com PR
Australian Government: Bitcoin Is Causing Organized Crime to Proliferate
The Australian government believes it has honed in on the cause of increased organized crime. According to an (ACIC) report, bitcoin and cryptocurrencies are to blame. Officials in the country suggest cryptocurrency usage in organized crime has run rampant.
Also read: Moscow Stock Exchange Prepares to Trade Cryptocurrency
The report clarified the government’s position: “The two key enabling technologies currently used to facilitate serious and organised crime are virtual currencies and encryption. Virtual currencies, such as bitcoin, are increasingly being used by serious and organised crime groups as they are a form of currency that can be sold anonymously online, without reliance on a central bank or financial institution to facilitate transactions.”
Cryptocurrency and Exchanges Facilitate Crime; Australia Crackdown
The Australian government further states that bitcoin exchanges are largely to blame. They do not have enough transparency and regulatory oversight, suggests Australian officials. In this sense, they are basically allowing all manner of crime to proliferate. Austrian justice minister Michael Keenan, states bitcoin can be traded anonymously and is significantly traded on international exchanges.
This information follows recent bill introduced by Australian politicians to regulate exchanges and altcoins. The bill is meant to help the Australian government fight terrorism. News.Bitcoin.com covered the story a few weeks ago;
This legislation is part of the country’s first stage of reforms “to strengthen the Anti-Money Laundering and Counter-Terrorism Financing Act and increase the powers of the Australian Transactions and Reporting Analysis Centre (Austrac),” according to the announcement. Austrac is the country’s financial intelligence agency responsible for anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
Betting Websites and Money Laundering
The Financial Magnates article also mentioned that government in Australia is concerned
The site read, “Recently, a connection between cryptocurrencies and human trafficking was also established. As Bitcoin offers anonymity, there is an added difficulty in deciphering whether an advertisement is promoting consenting sex workers or victims coerced into slavery.”
Do you think Australia will eventually just outlaw bitcoin? What do you think about their opinion toward organized crime and bitcoin facilitating it? Let us know in the comments section below.
Images courtesy of Shutterstock
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
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via Sterlin Lujan
Bitkan Launch OTC Bitcoin Cash Trading via Mobile App
Bitcoin trading services provider, Bitkan, has announced the launch of over the counter (OTC) bitcoin cash trading. OTC trading allows users to trade bitcoin cash outside of the order books of exchanges, allowing high volume traders to access competitive pricing.
Also Read: Bitkan Announces the 2017 BTC & Blockchain International Summit
Bitkan Has Launched OTC Bitcoin Cash Trading on Its Mobile App
Bitkan has announced the launch of OTC bitcoin cash trading, which is available to users via the Bitkan’s mobile app. Bitkan launched the OTC bitcoin trading feature on its mobile app last year, following significant investment from Chinese mining hardware company, Bitmain.
Bitkan issued a statement articulating the company’s view that bitcoin cash trading comprises an extension of the bitcoin markets, and the company wishes to stay competitive with other major players within China’s cryptocurrency trading industry. “BCC users are largely BTC users. And Okcoin and Huobi have opened BCC deposit and withdrawal services, which suggests that BCC could gain more momentum soon.”
“The Cryptocurrency Market Is Very Active This Year”
Alongside the introduction of OTC bitcoin cash trading, Bitkan also launched ethereum support for their mobile app this week. Bitkam representative Sandy Liang has told media that Bitkan believes OTC cryptocurrency has significant growth potential in China, stating that the company “thinks the cryptocurrency market is very active this year, users’ demand is growing too. We see the OTC market should be pluralistic”.
Bitkan was founded in China in 2013, and has sought to become a market leader in China’s mobile bitcoin services industry. Bitkan will host a major cryptocurrency and blockchain event in Beijing next month, called the ‘Shape the Future’ 2017 Blockchain Global Summit.
The event will host the screening of Bitkan’s documentary premiere, which news.Bitcoin.com has covered here. The event will be in attendance by many Chinese and international cryptocurrency industry leaders, including Bitmain’s Jihan Wu, Huobi’s Leon Li, OKCoin’s Star Xu, CHBTC’s Dawei Li, ViaBTC’s Haipo Yang, MGT Capital Investments CEO John McAfee, and Bitcoin.com CEO Roger Ver.
Do you believe that there is sufficient demand for OTC bitcoin cash trading from China’s markets? Share you thoughts in the comments section below!
Images courtesy of Shutterstock and Bitkan
Want to create your own secure cold storage paper wallet? Check our tools section today.
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via Samuel Haig
PR: LAToken Closed Round 1 of the Token Sale at $330m Valuation
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
London, August 30, 2017 – LAToken, the first tokenized assets platform, has completed the Round 1 of its Public Token Sale way ahead of schedule at $330 million valuation*. We sold 30,000,000 LATs, raising $9,54 million in 3 days.
LAToken Public Token Sale will be completed in 4 Rounds with the proceeds used for tokenization and trading development of the key asset classes. The price will increase in each round. Round 2 starts on September, 5. We will sell 50,000,000 LATs at 0,0011 ETH. The proceeds will be used for tokenization and trading development of Real Estate. The price for Round 3 will be 0,0013 ETH.
LAToken is a blockchain platform that tokenizes and makes tradeable assets ranging from equity and debt to real estate and works of art. Crypto investors can already trader Apple, Amazon, and Facebook shares, as well as gold and oil on our platform and diversify their portfolios with blue chips, safe heaven assets, and commodities, using cryptocurrencies.
«LAToken bridges the crypto- and real economies by enabling our clients to trade real assets in cryptocurrencies. This will make markets more efficient, transparent and cost effective. We are happy that so many people share our vision and believe in LAToken», — says Valentin Preobrazhenskiy, CEO of LAToken.
LAToken attracted top-notch experts from global financial institutions, IT and security companies to its Advisory Board, that now includes Bradley Rotter (Rivetz), Anish Mohammed (Hyperloop), Hague Van Dillen (Franklin Templeton). Just a few days ago the former COO of UBS and Senior Regulatory officer of Deutsche Boerse Cecilia Mueller Chen joined our team to advise on legal and regulatory compliance.
About us
LAToken transforms access to capital and enables cryptocurrencies to be widely used in the real economy by making real assets tradable in crypto.
We decentralize capital markets, making them more transparent, efficient and sustainable, while removing the cost of traditional middle men and “too big to fail” institutions.
This results in smarter capital flow, empowering people across the world to bring their most productive ideas to life for the ultimate benefit of society.
Contact details
Tel: +44 7509 764697
Email: ico@latoken.com
* with frozen tokens taken into account
Press Contact Email Address
kate@latoken.com
Supporting Link
http://ift.tt/2uuRYnQ
This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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via Bitcoin.com PR
Tuesday, August 29, 2017
U.S. Lawmakers Aim to Protect Bitcoin Users from Government Harassment
Members of the U.S. government are steadily preparing legislation towards the use of cryptocurrencies. Some representatives from Congress want to add strict regulatory guidelines, and some of them believe virtual currencies can never be compliant. According to reports, three members of Congress are in the midst of drafting legislation in order to protect the rights of citizens utilizing bitcoin and other digital assets.
Also Read: Cryptobuyer Installs First Bitcoin ATMs in Latin American Commercial Bank
‘Mainstream Digital Currency So It Can Be Treated Just Like the American Dollar’
A source close with the representatives tells the Daily Caller that the three officials are drafting legislation to protect citizens, as long as they meet regulatory requirements. According to the officials, some members of the U.S. treasury take issue with the framework but the drafts are being supported by Congress members with Libertarian ideals. The source explains that the lawmakers compile of two Republican House representatives, and the other is a Republican member of the Senate. The next few months of lawmaking is set to begin after this August’s Congressional recess, and the three offices aim to push the digital asset protection guidelines over the next few months.
“The centerpiece of the plan is to mainstream digital currency so it can be treated just like the American dollar,” the source explains.
First, there is a new entity that is considering issuing a brand new digital currency that is compliant with anti-money laundering laws unlike any other in circulation.
Working Through Issues That Stopped Protective Cryptocurrency Legislation in the Past
The officials are aware that the biggest hurdle for bitcoin and other digital currencies is moving past the idea that cryptocurrency is mainly used for illegal activities. The three offices are proposing a legislative model that aims to prevent illicit behavior and money laundering. The members of Congress drafting the framework don’t want to be identified at the moment, but plan to introduce the proposal to Congress this September.
“This is a very complicated issue, and the staff is working through some issues that have in the past stopped alternative currencies from being launched,” explains the source close to the U.S. lawmakers.
Protection from Federal Government Harassment and Removing Obstacles
Additionally, the representatives believe laws “need to change to protect digital currencies from federal government harassment”. The officials think bitcoin should not be treated as a security and everyday transactions need to be protected from tax laws.
“The bottom line is that Congress needs to remove all the obstacles to a vibrant digital currency that has voluntarily taken the initiative to keep the bad guys from using it,” the executive associated with the matter concluded.
What do you think about U.S. lawmakers planning to draft legislation to protect digital currency use? Let us know your thoughts in the comments below.
Images via Wikipedia Commons, and Pixabay.
Want to create your own secure cold storage paper wallet? Check our tools section.
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via Jamie Redman
Chinese Regulators Consider Crackdown on ICOs
Chinese regulators discussed plans designed to initiate a crackdown on ICOs being held in China, according to local media. It is alleged that the discussions took place during a meeting hosted by the People’s Bank of China (PBOC) on August 18.
Also Read: US Foreign Sanctions Bill Mandates That Governments Monitor Cryptocurrency
Chinese Authorities Are Discussing a Number of Measures Designed to Crackdown on ICOs
Chinese media has reported that regulators have been considering measures designed to crackdown on initial coin offerings (ICOs) being conducted within China’s borders. Quoting several anonymous sources, Tencent has claimed that Chinese regulators are discussing measures including the imposition of limits on the fundraising targets of ICOs, the strengthening of requirements pertaining to information disclosure, and the publishing of investment risk alerts. If the proposed statutes are deemed to be inadequate, it is alleged that the PBOC may consider suspending all ICOs indefinitely.
Chinese media outlet Caixin has further substantiated that claim that the PBOC is considering initiating a crackdown on ICOs, suggesting that a 1998 executive order published by China’s State Council could be invoked to provide the requisite legal pretext for prosecuting individuals associated with ICOs. The 1998 order is titled ’Order on Banning Illegal Financial Institutions and Illegal Financial Business Activities’, with a translation from the order stating that “illegal financial business activities include: fund-raising targeting not specific objects without legal approval, or other activities that the People’s Bank of China identified as illegal.”
Chinese Government Data Approximates That 65 ICOs Have Raised $394.6 Million USD From 105,000 Chinese Citizens During 2017
In recent months, China’s regulators have directed their attentions toward the ICO industry following a dramatic surge in the popularity of ICOs within China – with government data approximating that 65 ICOs have raised $394.6 million USD from 105,000 Chinese citizens during 2017. In June, People’s Bank of China representative, Yao Qian, stated of ICOs that the PBOC “can treat it with tolerant prudence, but cannot let it develop at its free will”. According to the South China Morning Post, the Shanghai industry and commerce bureau has since raided a hotel conference pertaining to bitcoin, accusing the event of “promotion pyramid schemes.”
Zhu Jiawei, the chief operating officer of major Chinese bitcoin exchange Huobi, has echoed the central bank’s desire for the development of a regulatory apparatus governing aspects of the ICO industry. “The lack of approval procedure on ICOs can very easily lead to irrational investment and runaway projects funded by ICOs,” stated Zhu. “We need qualified third-party institutes to review and approve ICOs as well as its investors’ ability to perceive risk and supervise the information released by ICO initiators and their projects so there can be less chaos.”
China’s move to regulate ICOs echoes a growing global shift, with the SEC recently issuing warnings aimed at projects and exchanges operating with ICOs that could be determined to be engaged in distributing unlicensed securities – a position that has also been echoed by Canadian and Singaporean authorities.
Do you think that we are soon likely to see significant international efforts to crack down on unregulated ICOs? Share your thoughts in the comments section below!
Images courtesy of Shutterstock
Need to calculate your bitcoin holdings? Check our tools section.
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via Samuel Haig
Moscow Stock Exchange Prepares to Trade Cryptocurrency
Moscow Stock Exchange is creating an infrastructure to trade cryptocurrencies such as bitcoin. The exchange plans to trade cryptocurrencies as well as derivatives and exchange-traded funds (ETFs) based on them. This announcement closely follows the plan by Deputy Finance Minister Alexei Moiseev to regulate bitcoin as a financial asset.
Also read: Russia Discusses Starting Cryptocurrency Mining With Its 20+ Gigawatt Surplus
Moscow Exchange Embraces Cryptocurrency
Moscow Stock Exchange is reportedly working on creating an infrastructure for cryptocurrency trading, the Russian state-owned news agency Tass was told at a press conference held by the exchange. The exchange was quoted saying:
We are already working on creating an infrastructure for such [cryptocurrency] trades, in particular, a platform for post-trading services for crypto assets.
Currently, the exchange is in talks with regulators to clarify all legal issues related to how it can trade cryptocurrencies on the Russian exchange market and to protect the interest of their purchasers, the press conference revealed.
Trading Instruments to Be Offered
Moscow Stock Exchange’s cryptocurrency platform will offer a number of trading instruments including derivatives and ETFs based on cryptocurrencies, as well as cryptocurrencies themselves, detailed Russian business publication BFM. The exchange stated:
We are ready to organize trading in financial products for which there is a demand from bidders and their clients and which provide sufficient legal protection…On the stock exchange, it is possible to trade both the cryptocurrencies themselves and derivatives on them, as well as trading stock exchange funds on cryptocurrencies.
A second traditional stock exchange in Russia is also reportedly considering adding cryptocurrency trading to its platform, according to Tass. St. Petersburg Stock Exchange is the third-most active stock exchange in Russia by volume, and the largest outside of Moscow.
Russia’s Efforts to Regulate Cryptocurrency
The exchanges’ moves are in line with the recent announcement by Russian Deputy Finance Minister Alexei Moiseev regarding his proposal to treat bitcoin and other cryptocurrencies as financial assets.
At the press conference, the exchange concurred with deputy finance minister, stating that cryptocurrency trading on its platform will only be allowed for qualified investors, Tass conveyed.
Meanwhile, Russia is still in the process of drafting regulation for digital currency, including how to define it. The draft bill was reportedly delayed due to ongoing discussions regarding its classification.
Do you think cryptocurrencies should be traded on the Moscow’s stock exchange? Let us know in the comments section below? Let us know in the comments section below.
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PR: ICO Date Announced for Native Currency and the $715 Billon Dollar Freelance Industry
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
Native Currency announces the date for the sale of its ICO crypto currency token
Native Currency is highly delighted to announce that the sale of its crypto currency token will commence on the 1st of September 2017. As the popularity of crypto currencies of the blockchain technology is exploding with the success of Bitcoin and Ethereum coupled with the growing global freelance revolution; there becomes a need to develop a block chain technology that provides multiple rights of access and use of network utilities designed to benefit the 100 Million professionals working in the international freelance industries who contribute over $715 Billion in annual earnings.
Native Currency is established specifically with the primary aim of providing a platform that will help in connecting businesses, employers and freelancers from across the world through a secure freelance and payment network using smart contracts and crypto currency tokens. In the bid to achieve this primary aim, Native Currency gathered well trained and talented industry professionals with extensive leadership experience in building and integrating freelance and B2B networks, as well as crypto currency blockchain technologies. Through a perfect blend of the expertise of the team and the cutting edge blockchain technology, Native Currency has provided to the global freelance community and business industry a robust and state of the art network using NATV tokens for effectively handling all freelance hiring and escrow payment solutions.
“We aim to be the premier escrow network and the most cost effective payment solution for the freelance and international business industry. Our crypto currency tokens provide users the rights to manage and release international escrow and outsourcing payments faster and more affordable than competing escrow platforms” stated Jason Hoff, the Founder of Native Currency. “We believe that the Native Currency network and NATV tokens can help connect employers with freelance professionals from across the world while solving several challenges in the freelance economy especially through fast, secure, and affordable escrow payment solutions.
Native Currency aims to be the top choice in payment and hosting services for freelancers and employers worldwide. It offers token holders the rights to access and use the network tools and affiliated freelance marketplaces as a veritable platform and opportunity to advertise services or freelance jobs, hire freelancers or professionals, create professional or business profiles, bid and contribute labor, and sell products and services. Any employer can pay freelancers securely using the Native Currency smart contract which holds the funds in escrow and releases Native Currency tokens to the freelancer once the work is completed or delivered.
With Bitcoin receiving global attention due to increasing demand, the day to day price volatility makes it difficult to pay for goods and services. This is why Native Currency Currency aims to be the top choice for businesses and freelancers worldwide. It offers token holders the rights to access and use the network tools and affiliated freelance marketplaces as a veritable platform and opportunity to advertise services or freelance jobs, hire freelancers or professionals, create profiles, bid and contribute labor, host websites, and sell products and services. Any employer can pay freelancers securely using the Native Currency smart contract which holds the funds in escrow and releases Native Currency tokens to the freelancer once the work is completed or delivered.
Jason says, “To ensure that the holders of our tokens are highly satisfied, we are providing them with multiple rights of access through network partnerships that will enable them to use or exchange their NATV Tokens as desired. Although anyone can purchase and own NATV tokens through the token sale, they are designed to be used as a utility providing the international business and freelance community access to a seamless, simple and affordable hiring and payment solution that will enable any employer to hire and pay any freelancer regardless of the project or location.”
For more information about Native Currency and its token sale visit http://ift.tt/2vpkScF
This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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PR: Ties.Network Announces Token Generation Event (TGE)
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
Blockchain-based business platform, designed for crypto-community, provides a secure place for business and financial transactions with the world’s first public and decentralized NoSQL database
Ties.Network is a secure business platform designed for crypto-community to safely conduct business and financial transactions, including striking deals, locating and hiring experts, and promoting projects. Ties.Network has announced the first round of Token Generation Event (TGE), commencing September 21, 2017, to October 12, 2017. The total emission will be 200 million TIE tokens with free-float TGE supply of 140 million TIE tokens. The TGE cap will be US $33,600,000. Accepted currencies are Bitcoin (BTC) and Ethereum (ETH).
Ties.Network provides a solution to today’s inefficient, high cost, and insecure business transactions. The platform is based on trust and innovation, which is supported by the Ethereum blockchain technology, “genuine” review and rating system, and the world’s first secure, public, and decentralized NoSQL database Ties.DB.
Imagine you, as a user, have an idea to start a blockchain project, but you cannot code and don’t know anything about country-by-country laws and regulations around crypto. Other users on Ties.Network would be able to help. If you need to find country-specific investors for a blockchain project, but couldn’t find them on LinkedIn, this platform is ready to help. Moreover, with so many ICOs and TGEs around the world, how would you know for sure which ones are legitimate and which ones are scams?
At Ties.Network, users would be able to find blockchain experts, developers, and enthusiasts who are ready to accept cryptocurrencies. It also allows them to make well-informed evaluations based on the viability and trustworthiness of professional network since all transactions are recorded in the blockchain.
Ties.Network’s “genuine” rating system is based on actual parties involved in a transaction, as only those who have conducted business with each other can leave reviews and ratings. The platform doesn’t charge users any commission, as its revenues originate from advertising, escrow fees and from fees for storing and retrieving contents.
As more Ethereum-based applications and blockchain projects are emerging on the market, highly-adaptable and well-structured data storage solutions must be made available to the public. Ties.DB is significant to Ties.Network as the former provides a solid structure for the platform to grow exponentially without having to worry about limited storage and retrieving issues. The public, decentralized NoSQL database – Ties.DB – allows unlimited data storage, advanced search, and content modification by securing interactions between the nodes. The use of smart contracts in executing payments and transactions exemplifies this feature.
Another advantage for using Ties.Network platform is knowing that human assistance is available when needed. Professionally-trained community moderators, who are paid with the revenues generated by the platform, are key individuals with multi-level authorities to mediate disputes, ban users with malicious intent, remove illegal projects, delete suspicious transactions, investigate suspicious nodes and users, arbitrate disputes, and further develop the software.
Ties.Network CEO Alexander Neymark said, “Ties.Network’s most distinguished trait is trustworthiness, which is delivered with transparency, security, and professional conflict resolution. Based on these values, the platform operates with self-organization and motivation, which includes the application of “genuine” rating system, transparent fees structure, and employment of trained community moderators.”
More information, white paper, and business overview are available at Ties.Network.
Website: Ties.Network
Blog: blog.ties.network
Email: pr@ties.network
###
Founders and advisors of Ties.Network are available for interview.
Founders
Alexander Neymark (Co-founder and CEO)
Alexander Neymark has significant experiences in launching and developing innovative financial services, such as banks and telecommunications companies.
Dmitry Kochin (Co-founder and CTO)
Dmitry Kochin is a PhD in Technical Sciences degree holder with strong experiences in IT. He has been a serial entrepreneur in the IT sector since 2005 and has been involved in a variety of software projects dealing with payment processing, account aggregation, computer telephony, and financial services within online games.
Advisors
Professor Wulf Kaal, PhD (http://wulfkaal.com)
A leading expert at the intersection of law, business, and technology with research focuses on innovative technologies, blockchain technology applications, smart contracts, initial coin offerings, hedge funds, and dynamic regulatory methods. He teaches at University of St. Thomas School of Law in Minneapolis and serves as the director of the Private Investment Fund Institute (PIFI). At Ties.Network, he advises the PR and social outreach.
Aaron Schwartz (http://ift.tt/2itfYVY)
An expert in global blockchain education. He is the Director of Global Engagement at Blockchain Education Network and currently active advising several blockchain-based startups. At Ties.Network, he advises the education and science departments with his programming and training expertise.
Dr. Marcel Schlatter (http://ift.tt/2g6X721)
An expert in the IT industry since 1969 with an impressive background as a thought leader and a trusted technical advisor who can bridge between business and technology issues. Over more than three decades, he has performed as Systems Engineer in the Information Technology and Information Processing Industry, IT Architect, and IBM Distinguished Engineer and Technical Executive. At Ties.Network, he serves as the technical advisor.
This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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Cryptobuyer to Install Costa Rica’s First Bitcoin ATM
Cryptobuyer has announced plans to install a bitcoin ATM in Costa Rica. The company claims its terminal will be the first bitcoin ATM operating in Costa Rica.
Also Read: Cryptobuyer Installs First Bitcoin ATMs in Latin American Commercial Bank
Cryptobuyer Will Open a One-Way Bitcoin ATM at a yet to Be Determined Location in Costa Rica
Cryptobuyer has announced plans to install a Bitcoin ATM in Costa Rica at the end of September. Cryptobuyer has described the terminal as being the first to be installed in Costa Rica, and are still selecting the location for the ATM. The ATM will be one way, meaning that users will be able to exchange fiat currency for bitcoins.
Cryptobuyer is a Venezuelan bitcoin brokerage company that seeks to open up access to bitcoin and cryptocurrency technology in latin America. The company received funding from venture capital fund Denar Capital, and claims to have close ties with the Bitcoin Foundation of Venezuela. Earlier this year, Cryptobuyer opened two bitcoin ATMs at the headquarters of the Banismo Bank in Panama City, and expressed its intentions to expand into the Costa Rican, Chilean, and Brazilian markets.
Many Online Gambling Companies That Accept Bitcoin Are Based in Costa Rica
Costa Rica’s cryptocurrency community is relatively underdeveloped. The government has not articulated a clear regulatory stance regarding cryptocurrency, and data pertaining to BTC/CRC localbitcoin trade is unavailable. Despite such, many online gambling companies that accept bitcoin are based in Costa Rica, owing to the nation’s attractive taxation and legislation – including Breakout Gaming Group, Bitdice, and a soon to be launched subsidiary of Betking.
Cryptobuyer is not the first company to claim the title of “first bitcoin ATM” in Costa Rica. In 2014, Bitcoinmagazine reported that a Costa Rican company, MBTC Corporation, had announced that it would launch the country’s first bitcoin ATM. Despite the story, there is a lack of evidence confirming the installation. The website of MBTC’s alleged parent company, Mundo Bitcoin, states that it is under construction and features 2014-2015 copyrighting – suggesting that the company was not successful in its aims.
Do you think that Cryptobuyer’s entry into Costa Rico will stimulate greater bitcoin adoption throughout the nation? Share our thoughts in the comments section below!
Images courtesy of Shutterstock and Cryptobuyer
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Monday, August 28, 2017
Telegram Founder Believes Bitcoin Will Undermine US Hegemony
A Russian Sputnik news article reported Telegram and Vkontakte founder hopes bitcoin will undermine US hegemony. Further, he believes the cryptocurrencies have the power to reshape the global finance system and escape US monetary control.
Also read: Saxo Bank Offers Bitcoin Exchange Traded Notes
Telegram Founder Praises Bitcoin for Changing the Financial Paradigm
According to the site, the founder, Pavel Durov, said: “For the first time in 70 years, the global financial system has a chance to escape from the hegemony of the United States, which imposed its national currency as a reserve on the whole world and since then, in fact, has been collecting tribute from all the countries paying its debts with endlessly printed dollars and buying assets worldwide with them.”
In other words, central planners print money at will and earn profits from manipulating the currency supply. Bitcoin changes this dynamic by introducing a fairer money into the economy. The fact that bitcoin’s supply is set to 21 million units means no entity can manipulate the supply for their own gains. This allegedly throws a wrench into the gears of the banking system. It allows countries to escape debt cycles perpetrated by US banking.
Durov Also Criticizes Russian Idea to Regulate Bitcoin
The founder took his praise of bitcoin a step further. He also criticized Russian considerations on heavily regulating bitcoin. According to the article, he implies their idea of only allowing “qualified” investors to get involved in bitcoin is restraining. It may harm the individual investor. It may even inhibit bitcoin growth.
“Instead of taking the chance to make the world more balanced and together with Japan and other Asian countries to recognize the status of new cryptocurrencies, which are replacing dollar, the Russian government is voicing ideas ‘to ban and restrict [use of cryptocurrencies].’ There is an impression that Bitcoin imposed sanctions on Russia.”
Do you think the Telegram Founder is correct that bitcoin will undermine US hegemony? How is bitcoin already causing a monetary paradigm shift? Let us know in the comments section below.
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PR: Over 5,500 People Choose to Invest in ATB Coin
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
ATB Coin is a cryptocurrency of the future, which aims to increase the introduction of micropayments into everyday life. Analysts visualize a great perspective for the project, noting its significant superiority over analogues due to technologies such as Lightning Network, Smart Contracts, and Segregated Witness. ATB Coin is created to become the most reliable, fast and secure payment system, guaranteeing exclusive functionality and preserving the anonymity of the users. All these qualities contribute to the growing interest in the project.
At the moment, over 5,500 people from all over the world have made investments in ATB Coin. The number of investors continues to increase with each passing hour. To support the project, an amount exceeding $15,800,000 has already been collected. ATB Coin’s affiliate network also continues to grow. The company enters into partnership agreements with crypto-exchanges, payment systems and services. The recent participation in IV International Blockchain Summit-2017 brought the project even more contacts of potential partners.
Currently, the 2nd stage of ATB Coin ICO started, lasting until the official blockchain network launch, which is scheduled for September 1st. The first round of the second stage of ICO, during which investors may receive a 20% bonus, was completed. The 3rd round of ICO will last until August 31th. Anyone who joins the project within this time limit will receive a 10% bonus of the invested amount on their account.
Prior to the official launch of the project, investors also have the opportunity to get know more about the basic functions of ATB Coin Wallet, which is currently available in the beta version for Windows and OS X users. Everyone who has invested over 100 ATB Coin in the project has the additional opportunity to increase the amount on their account by taking part in Bounty Hunting.
Only 3 days left before the launch of ATB Coin! Invest in the cryptocurrency of the future, while the project offers the most favorable terms!
Press Contact Email Address
info@atbcoin.news
Supporting Link
https://atbcoin.com/
This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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Saxo Bank Offers Bitcoin Exchange Traded Notes
A Denmark-based multi-asset and trading institution, Saxo Bank, recently stated they are allowing clients to gain exposure to bitcoin. The bank just added exchange-traded notes for bitcoin.
Also read: Crypto Media Group Strategy: Recruit Celebrities to Promote ICOs
Saxo bank mentioned that fascination with bitcoin has dramatically increased in 2017. This is primarily because the Asian market, especially China and Japan, has opened up. This means these countries have generated a lot of bitcoin trades.
This also implies investors and speculators want a new way to trade bitcoin without having to directly work with the asset. The fact bitcoin is also seeing higher usage in places like Latin America, Greece, Africa, and elsewhere, may also be spurring various markets into action.
Saxo Makes a Move into Bitcoin ETNs
As a result of all the market activity and bitcoin excitement, Saxo decided to offer exchange traded notes. This fund will provide investors with indirect exposure to bitcoin’s price. A Financefeeds article elaborated:
In response to this growing interest, Saxo has added two new Exchange Traded Notes (ETNs) to its offering. Saxo clients can now get exposure to Bitcoin through these two new ETNs designed to track the movement of Bitcoin against the US Dollar (BTC/USD).
One note is referred to as “Bitcoin Tracker One” and is traded in Swedish Krona, and the other note is the “Bitcoin Tracker Euro.” It is traded in Euro. The site details both notes are issued by XBT provider AB, and traded on Nasdaq OMX.
Popularity of Bitcoin is Increasing Demand for ETN’s
The Finanicalfeeds website also suggested that growing demand for bitcoin speculation 
The Swissquote platform work similarly to foreign exchange markets. Users simply place their Euro and US dollar into an account and tie it up with Bitcoin. However, investors will not have access to leverage when working with bitcoin notes. Bitcoin.com covered Swissquotes entrance into the crypto ecosystem.
Switzerland’s leading provider of online financial and trading services, Swissquote Bank, has partnered with bitcoin exchange Bitstamp to offer bitcoin trading on its platform, available to 200,000+ private and institutional investors.
Lastly, the Financialfeeds site mentioned that a trading market called IG group also expanded into cryptocurrencies. They focus on Ether trading. Their clients can take a position on the future gains or declines of ether.
Do you think that more investment banks will start to offer exchange traded notes? Is this a good idea? Share your thoughts in the comments section below!
Images courtesy of Shutterstock
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