CoinSpeaker

Outsourcing Real Estate Transactions to the Blockchain

Outsourcing Real Estate Transactions to the Blockchain

No matter how you measure it, the real estate market is massive. Recent estimates say that the real estate market was worth $217.1 trillion in 2016, and has increased substantial since that time. Further, real estate holdings represent 60% of all assets globally, according to estimates.

And, in spite of the massive size of the market, transferring property can be tedious and cumbersome. To begin with buying and selling property can be quite expensive. Sellers traditionally pay brokerage fees related to advertising and selling the property. These can range anywhere from 3% of the sales price, up to as high as 7%, depending on the market and the advertising requested. Then there’s title insurance, home warranties, and escrow and closing fees, all of which add up to an additional 1-2% of the purchase price.  

Buyers pay for a number of services as well, being required to cover costs for escrow companies, disclosers, inspections, and buyer’s title insurance to protect them from title issues. Plus buyers are sometimes required to pay fees to a broker for their services as well, depending on the location.

And, more than the fees, buyers and sellers are constrained by geography. Many countries in the world require a buyer to be a citizen in order to purchase property. While some countries allow non-citizens to own property, it is still massively difficult to undertake a purchase in those countries, with differing laws, expectations, and levels of disclosure.

Jerking Out the Rug Through Tokenization

The real estate industry is a massive behemoth, filled with difficulties, just waiting to have technology jerk the rug out from under it. With all these complexities, something has to provide a new way to control and manage transactions, freeing buyers and sellers to function bilaterally, and do so internationally.  

One company, ATLANT, is seeking to make these necessary changes through a blockchain platform. Blockchain is the new darling of the tech world – a distributed ledger (think of a database where everyone on the network has full access to the database at all times) that creates a completely secure environment for purchases and sales.

The blockchain platform would allows sellers who are seeking to liquify a real estate asset to do so by ‘tokenizing’ that asset. Tokenization refers to the process where the value of an asset is divided up into a large number of ‘tokens’ which are then sold to perspective buyers in any volume. Effectively, this produces a financial environment where real assets like homes, strip malls, and land can be bought and sold like stocks of a company.

One For All and All For One

The tokenization process presents huge benefits to both buyers and sellers. For sellers, the process of sale becomes substantially more simple. Sellers are able to transfer their property simply by tokenizing and selling it to an already collected pool of tokenized buyers.

No longer would sellers be forced to track down a single buyer with the financial wherewithal to take down the whole sale singlehandedly. A tokenized asset can be sold to a thousand lesser scale investors within a single transaction.

Further, sellers are not forced to pay huge fees to brokerages. Since sellers are able to offer their property for sale directly to buyers (via peer-to-peer decentralization), sellers act as their own broker, offering their property for sale via tokens.

For buyers, a tokenized purchase is far more useful, so long as the buyer is seeking to monetize the asset. A buyer is free to buy any portion of the asset, and to diversify a real estate portfolio anywhere in the world, without having to leave their couch. Whether for buyers or sellers, a tokenized economy presents a substantial move forward for the entire real estate market.

ATLANT is offering this program through their proprietary token called the ATL. The company is hosting an Initial Coin Offering (ICO) which began a few days ago, and will continue until the end of October. Buyers of the ATL tokens will be able to actively participate in buying and selling within the ecosystem, and will also receive value as the platform grows.

Companies like ATLANT are seeking to create solutions for the real estate market that will radically change the way properties are bought and sold. The foundation of blockchain technology will change the real property asset market into a global democratized stock market, reducing fees and freeing market participants.

The post Outsourcing Real Estate Transactions to the Blockchain appeared first on CoinSpeaker.

Source link

Posted by Bitcoinist in News, 0 comments
Snovio, Lead Generation and Sourcing Platform, Has Been Released

Snovio, Lead Generation and Sourcing Platform, Has Been Released

Snovio basic idea

Snovio released its beta version in April 2017 and has already developed such features as:

  • Email Verifier that checks email addresses to ensure that the email list is valid and bounce-free.
  • LinkedIn Email Search used to find and save emails and more valuable data of LinkedInners.
  • Domain Search through which the users can get access to emails along with names and job positions from various domains. It is reinforced with Prospect Search, Company Search and Linker (boolean search) being extremely handy when it comes to leads in specific fields.

Snovio mission

As stated by Snovio CEO Alexis Kratko, the platform aims to facilitate the process of lead generation and sourcing for all possible seekers of information. Snovio sees its mission in transforming the established methods of lead generation into the new decentralized one. The platform has been developed to provide the users with a constantly updated database of high-quality leads. To accomplish this, the crowdsourcing data collection method is used.

While building its database of people Snovio is evolving into a platform where both inbound and outbound techniques work hand in hand. Snovio team is working on data enrichment techniques and triggered email autoresponder/sender. Soon enough Snovio will start working on adding inbound lead acquisition and tracking technologies.

Snovio operating principle

Snovio’s crowdsourcing data collection technology is based on a decentralized network of an unlimited number of contributors who add new data to the system using a chrome plugin dedicated to data collection and validating.

In contrast to traditional parsing methods, crowdsourcing is not limited to definite web sites or even just some of their parts. It allows users to collect data from various sources available across social networks or any website browsed.

In addition to this, the platform is based on blockchain technology and smart-contracts that ensure reliability and security of transactions for every participant of the process. All operations are stored in a dedicated log, so a user can track all the data required to make a decision.

All in all, Snovio is a kind of communication channel between hundreds of contributors and consumers looking for high-quality up-to-date leads.

Snovio token sale

2,5 billion ethereum based SNOV tokens will be emitted, and 60% of them will be available for purchase within 30 days from the token sale launch date. The minimum goal is $5 million, and the maximum cap is $15 million. Through the token sale, Snovio is offering the interested individuals an opportunity to support the startup of a unique platform.

Token holders will benefit in two ways. First, from profit that comes from fee per trade as tokens’ value grow. Second, more interesting for those working in the field of recruiting, sales and marketing, from exchanging tokens for actual Snovio’s services. It means that being a token holder one can buy necessary leads for tokens. The more token’s value grows, the more leads one can purchase per 1 SNOV token.

Meanwhile, Snovio contributors will explore the transparent and reliable revenue distribution model. Any activity of a contributor won’t go unnoticed thanks to the history log, where every operation will be saved and stored.

To encourage the contributors to add new lead information to and continuously update the existing data in the system, the reward is foreseen. Contributors will gain credits for their activity, and in case their data is purchased, the credits will be transformed in SNOV tokens.

Snovio details

Refer to the Snovio’s White Paper with detailed description of the technologies, roadmap, and all other technical information about the platform: https://tokensale.snov.io/docs/WhitePaperEn.pdf

More information about the upcoming token sale is available on official web page: https://tokensale.snov.io/ and social media pages:

Twitter: https://twitter.com/snovio_ico
Telegram: https://t.me/snovio_ico
Reddit: https://www.reddit.com/user/Snovio_ICO/
Bitcointalk: https://bitcointalk.org/index.php?topic=2111272
Facebook: https://www.facebook.com/ICOsnovio/
Medium: https://medium.com/@ico_snovio

The post Snovio, Lead Generation and Sourcing Platform, Has Been Released appeared first on CoinSpeaker.

Source link

Posted by Bitcoinist in News, 0 comments
Roberto Grassi Appointed New Chairman of the Board of Directors of Falcon Private Bank

Roberto Grassi Appointed New Chairman of the Board of Directors of Falcon Private Bank

Dr. Roberto Grassi looks back on a successful professional career of over 30 years, during which he held various management positions in renowned international companies. Since 2001, he has been Chief Executive Officer at Fidinam Group, a global consulting company headquartered in Lugano. In the past 13 years, Dr. Grassi served as board member and deputy chairman of Banca Stato Cantone Ticino. He is deputy chairman of the Lugano Commodity Trading Association as well as board member of the Ticino Chamber of Commerce. Mr. Grassi will add highly valued expertise to our board of directors.

 After more than 12 years, Christian Wenger has decided to step down from the Board of Directors, and we would like to thank him for his valuable contribution as well as for his extraordinary commitment and dedication over all these years. Christian Wenger will support Roberto Grassi during a transition period to ensure a smooth hand over.

 Cyril Latroche, Vice-Chairman of Falcon Private Bank, commented: “We are delighted to welcome Roberto Grassi as new Chairman of our Board and we are convinced that thanks to his profound knowledge of the financial industry he will make a significant contribution to our future development and the growth of our Bank.”

 Dr. Roberto Grassi, new Chairman of Falcon Private Bank, said: “I am confident about Falcon’s capabilities to create sustainable value for clients, employees and the shareholder alike. As Chairman of the Board of Directors, I look forward to be working closely with our CEO Martin Keller and the management to lead Falcon towards the future path.”   

 Martin Keller, CEO of Falcon Private Bank, added: “Together with Roberto Grassi and the Board of Directors, our management team and staff are fully committed to drive forward our transformation to future growth. We will continue to focus on initiatives strengthening our position as wealth manager embracing digital innovations and a differentiated product offering for the benefit of our clients.”

 The Board of Directors is comprised of Dr. Roberto Grassi (Chairman), Cyril Latroche (Vice-Chairman) and its members Marc P. Bernegger and Dominik Schärer.

Falcon Private Bank is a Swiss private banking boutique with 50 years of expertise in wealth management. We provide first-class financial services to private clients and wealthy families from our headquarters in Zurich and our locations in London, Abu Dhabi, Dubai and Luxembourg. Our clients benefit from an excellent investment competence. Thanks to our Swiss heritage and government-owned shareholder, Falcon Private Bank possesses financial strength and stability.

The post Roberto Grassi Appointed New Chairman of the Board of Directors of Falcon Private Bank appeared first on CoinSpeaker.

Source link

Posted by Bitcoinist in News, 0 comments
This Blockchain Technology Will Disrupt the Crypto Industry in 2018

This Blockchain Technology Will Disrupt the Crypto Industry in 2018

This is where a new blockchain platform and a concept called “Proof of Pact” (PoP) conceived by blockchain experts to utilize the powerful aspects of traditional blockchain platforms, while at the same time filling gaps where the weaknesses exist.

Just out of stealth mode, Soferox, the company behind the PoP concept, started it’s ICO on September 15, 2017, having accomplished the pre-sale. So, what is Proof of Pact and How will it impact blockchain?

Can the Chain Hold the Weight?  

Blockchain technology is the newest darling technology among the industry faithful these days. Recently, blockchain tech like the code that Ethereum and Bitcoin are founded on has begun to get mainstream attention in the techno marketplace.

A new blockchain solution appears every day and in every field lately. Recent reports of partnerships between Ethereum and the Russian government in the sphere of blockchain technologies shows the tech’s potential and the powerful impact that blockchain can have. Industries like auctions are using blockchain as well, seeking to bring profound change to their respective fields. Buying and selling property, new messaging applications built on blockchain, and medical fields like dental insurance are being radically changed through blockchain.

In spite of the apparent hype, though, many blockchain developers are aware that under the apparently simple and elegant exterior of blockchain technology is a swirling storm full of holes of weakness, causing profound doubt for consumers and industry leaders alike.

Blockchain technology is akin to the first mobile phones – huge, gray, and bulky. While at the time it was clearly evident that the new mobile technology was going to change the world, phones were still heavy and cumbersome and required substantial effort to bring them safely into mainstream usage. Current blockchain platforms are in need of a reboot.

Upgrading the Chain with Soferox’s Proof of Pact (PoP)

The foundational chains for cryptocurrencies like Ethereum and others have been talked up in the mainstream media with much fanfare.

However, these blockchain technologies, while providing support for the first real acceptance of the systems involved, also have substantial weaknesses. Soferox, though, has created a platform that will disrupt these original systems.

Consider, for example, the issue of block creation.

Bitcoin uses a block generation algorithm termed Proof of Work (PoW), where miners who generate blocks are required to solve mathematical equations to create the next block on the chain and receive the fee associated with it. While functioning well to date, PoW has met with concern among governments and the public because of the substantial electrical resources consumed, often more that of some nations. What’s more, miners are sometimes required to build new empty blocks because the chain causes delay in distribution of new block parameters.

Ethereum, second largest market cap, is utilizing the PoW system as well, but core developers have recently suggested Ethereum may shift to a new protocol called Proof of Stake (PoS). PoS would require that the block maker own a substantial amount of Ethereum, which would incentivize the maker to protect the chain.

The PoS system, however, has been met with strong concern by blockchain theorists who have suggested that it may produce a monopolized blockchain where all the blocks are mined by a small group of powerful miners, destroying the decentralized structure of the blockchain.

Beyond block creation standards, perhaps the greatest debate among advocates concerns chain rigidity. Some feel that blockchain solutions do not give scaling solutions that will be more necessary as the market grows. As blockchain technology has become increasingly popular, transaction numbers have increased on the chain. The rules coded into various chains, though, cause huge debate regarding block size limits.

Soferox, however, has created a twin blockchain platform. Protocols for blockchain management are divided from transactions by creating two different chains. This model provides a means for secure and immutable transaction processing, while also creating a fluid ecosystem where protocols for managing the chain can be edited and changed without hard or soft forks and new coins (ala the Bitcoin Cash problem).

What’s more, Soferox is committed to free transaction fees and has built a new block creation system which is a combination of the PoW and the PoS named Proof of Pact (PoP) providing a great system for both users and miners.

Joining the Disruption

Soferox offers the SFX tokenis in the framework of its current ICO launched on September 15.

Without question, the PoP protocol and the Soferox twin chain platform are the newest solution for the blockchain going forward. Soferox has built a product that manages the underlying problems with blockchain solutions. As blockchain solutions continue to make advances in other fields, ventures like Soferox will be there to answer the issues.

The post This Blockchain Technology Will Disrupt the Crypto Industry in 2018 appeared first on CoinSpeaker.

Source link

Posted by Bitcoinist in News, 0 comments
Jamie Foxx Promotes ICO for a Zero-Fee Cyptocurrency Exchange Cobinhood

Jamie Foxx Promotes ICO for a Zero-Fee Cyptocurrency Exchange Cobinhood

The cryptocurrency promotion engages one more worldwide famous celebrity: Jamie Foxx is promoting an upcoming Initial Coin Offering (ICO) for Cobinhood, a zero-fee cryptocurrency exchange:

//platform.twitter.com/widgets.js

Blockchain technology is indeed revolutionary in the spheres of internet and world finance, and also is a major challenge for most of the traders and investors out there.

With so much already done, there still exist significant challenges that crypto currency holders face.

Firstly, most of the exchanges charge a trading fee. Secondly, they do not offer real time trading for their clients, which results in delayed orders. Thirdly, some may not have robust security systems, which results in the loss of crypto assets worth billions of dollars. Also there is often a limitation on the fiat currencies that are supported on these exchanges. And finally, there is usually a large time-gap between investing into the ICO and possibility to trade the tokens in secondary markets.

Being an all-inclusive zero fee exchange platform supporting high-frequency trading activities Cobinhood aims to bring an end to the issues that continue to impede growth in this sector.

In such a way, main advantages that Cobinhood offers are the following:

  • Support of multiple fiat currencies catering to a wide range of investors.
  • Insurance of all the crypto assets within the exchange enabling investors be sure about the safety of their assets.
  • Solid security structures ensuring the safety of clients’ funds.
  • 24/7 online support on the platform.

The ICO for this platform is set to start in September. The platform itself is expected to be fully operational in the third quarter of 2018.

It’s needless to say, that getting support of famous people is a great opportunity for startups looking to get additional attention. Some the projects were lucky enough to receive that support.

On Friday, September 15, the boxing champion Floyd Mayweather, one of the most active ICO supporters, advertised ICO project, called Centra, which allows users to spend virtual currency by using its same-named card and digital wallet:

//platform.instagram.com/en_US/embeds.js

In July, he also made a great promotion of token sale for an open source Bancor-based prediction market platform Stox, which reached its goal in 2 days raising $30M and got additional attention after being advertised by Barcelona striker Luis Suarez, who tweeted about the alpha testing of the platform:

//platform.twitter.com/widgets.js

This was followed by the last month’s promotion of Hubii Network’s ICO, a new Ethereum-based decentralised content marketplace where “creators and rightsholders can meet distribution networks and reach content buyers directly, all while having total confidence in maintaining the integrity of their rights through the use of smart contracts.”

Earlier this month another crypto enthusiastic celebrity Paris Hilton, TV star and Hilton hotel chain heiress, also participated in promotion of cryptocurrency ICO for Lydian, a new platform that merges blockchain technology with AI driven digital advertising services.

The post Jamie Foxx Promotes ICO for a Zero-Fee Cyptocurrency Exchange Cobinhood appeared first on CoinSpeaker.

Source link

Posted by Bitcoinist in News, 0 comments
Aliant Payment Systems Teams Up with BitPay to Process Bitcoin Payments

Aliant Payment Systems Teams Up with BitPay to Process Bitcoin Payments

A U.S. based provider of merchant services, Aliant Payment Systems, announced today that it’s joined forces with BitPay, a world’s lead bitcoin payments provider, to make it possible for merchants to accept payments in bitcoins and to spread the global reach of this currency.

Aliant CEO Eric Brown said: “Aliant is looking to the future of blockchain, bitcoin and cryptocurrency, and we’re excited to bring a bitcoin solution to our clients. We look forward to showing merchants what bitcoin can do for online payments and what BitPay is doing for businesses transferring value globally.”

Bitcoin CEO Stephen Pair commented: “Merchants accepting high-value payments online need a secure, fraud-free way to receive value, and we believe bitcoin provides that way. We are proud to be working with a forward-looking company like Aliant to bring this payment option to more businesses.”

A few months ago Aliant partnered with Merchant e-Solutions to extend its reach and attract accounts with significant annual processing volumes, such as e-commerce, travel, and B2B firms. The companies which belong to the mentioned domains are more likely to get hit by credit card fraud and that’s why they tend to consider switching to cryptocurrency payments, as doing so reduces their risk.

BitPay, in its turn also tries to go beyond by adding new features to its wallet and teaming up with such giants as Amazon and Worldcore.  Yesterday the company unveiled a new beta version of its Copay Wallet which now allows to spend and store bitcoin cash. The release is BitPay’s answer to the growing number of requests to support Bitcoin Cash. The Copay wallet is now promised to give its users “the freedom to choose—or to use both BCH and BTC.”

Moreover, last month BitPay added Coinbase and Glidera integration allowing users to fill up their wallet balances directly from in-app exchange connections. The company has also previously spoke about its plans to make BitPay Visa Prepaid Debit Card available for users in more than 131 new countries around the world. The list of countries includes the United States, major bitcoin-using countries such as the UK, Germany, China, Japan, Argentina, and Brazil, and 125 other nations.

The BitPay card addresses the major problem for early bitcoin adopters: conversion of the cryptocurrency received, earned, or saved into a balance spendable with everyday Visa-accepting merchants.

Meanwhile, cryptocurrency assets are gaining popularity. Earlier this month Baroness Michelle Mone of Mayfair OBE and Doug Barrowman announced the world’s first Bitcoin-priced development in Dubai becoming property pioneers. Their first joint project is a $330 million development of two apartment towers in the heart of Dubai with the Plaza – three floors dedicated to retail which will include boutiques, cafes, restaurants and a supermarket. The residents will also have the opportunity to visit a sporting gym and a swimming pool that will also be constructed in the complex.

The innovatory character of the venture lies in the fact that all the apartments will be offered exclusively in bitcoin with all the payments being processed by Bitpay, leading bitcoin payments platform, which already provides its services to Microsoft and Richard Branson’s space venture Virgin Galactic.

The post Aliant Payment Systems Teams Up with BitPay to Process Bitcoin Payments appeared first on CoinSpeaker.

Source link

Posted by Bitcoinist in News, 0 comments
Centra Token Sale Begins After Floyd Mayweather Endorsement

Centra Token Sale Begins After Floyd Mayweather Endorsement

Centra Tech, the company behind the first multi-cryptocurrency debit card, will launch the Initial Coin Offering (ICO) of the CTR token on September 19th, 2017 at 12:00am EST (Eastern Standard Time – New York Time 00:00am).

Initial Coin Offerings are an innovative way for startups to raise funding, and deliver a token to its users, who will be able to interact with the platform, in this case, Centra Tech is preparing the launch of three innovative products that will give value to the whole Centra network, all featuring the CTR token. ICOs have been featured in mainstream media, and each day thousands of new users take part in this revolutionary funding mechanism. Acknowledging this fact, the Centra team continues to secure key alliances and partnerships, like the one recently announced on September 14, the World Champion Boxer, Floyd ‘Money’ Mayweather JR joined Centra Tech as an official Brand Ambassador further expanding the Centra brand.

Users who contribute 5 or more ETHs to the token sale will be eligible to receive a Centra Blue debit card, the entry level version of the first Centra Tech product which is available worldwide.

The Centra platform runs the Currency Conversion Engine Module (CCE Module) which allows real-time conversion of all supported cryptocurrencies to give the user the ability to spend their assets in real time anywhere in the world that accepts Visa or Mastercard. The CCE module works transparently, and users won’t have to manually exchange their crypto holdings, receiving the best available rate, without any intervention needed.

Regarding the importance these cryptocurrency-based financial product represents, Sam Sharma, president and co-founder of Centra said:

“Centra is accomplishing a solution to one of the biggest issues in the crypto world; spending your cryptocurrency assets in real time in the real world. Working with the Blockchain is creating a solution for consumers to spend 160 Billion dollars in market share.”

As of July 2017, the Centra team has managed to achieve several milestones:

  • Operating with engineers, architects, lawyers, advertisers, and bankers to set the establishment of the Centra Team.
  • Developed Centra Wallet Beta App for iOS and Android.
  • Worldwide Debit Card Partnership for both United States and International.
  • Secured $7 million USD in operational finances.
  • Developed and tested the Currency Conversion Engine to work progressively with quick exchanges.

The conversion rate set on the ICO will be 200 CTR tokens per 1 ETH.  As part of the other product offerings that will give value to the CTR tokens, Centra Tech will launch Cbay.io, a innovative virtual marketplace that will allow users to spend their cryptocurrencies, debit card funds, or CTR tokens on thousands of products such as electronics, clothing items, household goods and more with worldwide shipping. The platform will eventually support third party sellers and merchants. Cbay.io will be launched on November, 2017 following the completion of the token sale.

About Centra

Centra Tech, an innovative blockchain company, is developing a blockchain platform that will deliver the world’s first convenient and cost-effective avenue where customers can effectively buy and sell products with cryptocurrency in an online marketplace. The team at Centra has also developed applications that enable users to exchange cryptocurrencies and fiat in real time with up-to-the-second accurate market rates.

The post Centra Token Sale Begins After Floyd Mayweather Endorsement appeared first on CoinSpeaker.

Source link

Posted by Bitcoinist in News, 0 comments
India Wants to Issue Bitcoin-Like Cryptocurrency Backed by Central Bank

India Wants to Issue Bitcoin-Like Cryptocurrency Backed by Central Bank

According to Sunday’s report of Business Standard, the Indian government is considering the official launch of its own cryptocurrency based on blockchain technology similar to bitcoin.

The proposed cryptocurrency is to be issued and backed by Indian central bank. A committee of government officials has reportedly discussed the project of state-based cryptocurrency and found the idea of running a blockchain for financial services useful:

“The proposal was discussed by a committee of government officials…Whenever the decision is taken, the cryptocurrency will fall in the domain of the Reserve Bank of India (RBI) and some Acts such as the Currency Act might have to be amended. Hence, this will be a time-consuming process.”

Although Indian government officials support the idea of running blockchain technologies, they are still not comfortable with Bitcoin, considering it unreliable. So, the main idea of the proposal is to set up a new government-issued cryptocurrency as an alternative to Indian rupee. The new currency will be named “Lakshmi” after the Hindu goddess of wealth, fortune and prosperity.

As Sudarshan Sen, the Executive Director of the Reserve Bank of India stated in his speech:

“Right now, we have a group of people who are looking at fiat cryptocurrencies. Something that is an alternative to the Indian rupee, so to speak. We are looking at that closely.”

The Indian government is also working on designing a legal framework for bitcoin and other digital currencies. As Money Control has recently reported last week, “the government is going to prepare a framework for bitcoin soon.” The investigation of bitcoin has started by a governmentally accepted committee in April 2017. As a result the committee advised strict monitoring of cryptocurrencies as no immediate restriction is possible, but the government is still not ready to promote non-fiat money.

Earlier this year the Reserve Bank of India issued a warning to all Indian bitcoin holders about the risk relating to Bitcoin transactions. A bit later Indian authorities were about to apply Know Your Customers (KYC) norms to make the transactions safer. However, that idea didn’t succeed as it would lead to legitimizing bitcoins in the country.

Although the Indian government is in search of putting bitcoin and other cryptocurrencies under control, a total ban remains highly unlikely. According to the words of Arun Jaitley, Indian finance minister and the country’s foremost financial official, the last few years have demonstrated a significant growth of India’s bitcoin market, which made investors curious on where and how to invest in bitcoin in India. The most popular bitcoin exchanges in India are Zebpay, Unocoin, Bitxoxo and Coinbase.

The post India Wants to Issue Bitcoin-Like Cryptocurrency Backed by Central Bank appeared first on CoinSpeaker.

Source link

Posted by Bitcoinist in News, 0 comments
Bitcoin Exchanges OkCoin and Huobi Will Stop All Trading Services for Local Customers

Bitcoin Exchanges OkCoin and Huobi Will Stop All Trading Services for Local Customers

China’s two largest bitcoin exchanges, Huobi and OKCoin, said on Saturday, Sept. 16, that they will halt all trading services for local customers – reports Quartz.

Throughout the past two weeks, China has been dominating the news headlines due to the government’s official ban of initial coin offerings accompanied with announcement of its plans halt of all crypto trading on domestic exchanges.

On September 15, the plans translated into reality as all Chinese cryptocurrency exchanges had finally received the official instruction from the country’s authorities stating that they have to cease the registration of new users immediately. The instructions were signed by the Beijing city group in charge of overseeing digital finance risks and dispatched online.

A day before, on Sept. 14, Shanghai-based BTCC, one of top-three bitcoin exchanges in China and one of top-five in the world, announced its intention to cease its China-based trading operations starting from September 30.

Announcements of the other two of the top-three Chinese exchanges Huobi and OKCoin’s stated that their service closures would only cover yuan/BTC crypto trading. In fact, that meant that Chinese customers could still trade one crypto asset for another on the two exchanges.

The situation now seems to have changed with that possibility gone, as Huobi and OKCoin’s latest announcements put an end to crypto exchange markets in any form in China.

Needless to say, that the changes affected bitcoin prices.

On Sept. 15 in response to Huobi and OKCoin’s initial statements on their trading suspensions bitcoin price fell quite rapidly and was traded below $3000 level, according to the CoinMarketCap. As for exchanges’ prices, Bitcoin was trading at about $2904.64 on OkCoin, $2887.97 – on Huobi, and $2908.37 – on BTCC.

All in all, the price of bitcoin has fallen more than 20% since the start of this month amid China’s crackdown on cryptocurrency trading.

Nonetheless, Rob Viglione, co-founder of ZenCash, approved of Chinese decision stating:

Already, we’ve seen about $60 billion in value wiped from the peak earlier this month, but there is a silver lining that may be hard to see through the clouds: regulators are starting to provide some clarity, and even if new rules aren’t ideal, they’re better than the uncertainty of potentially inferior regulation.

Jean-Yves Sireau, Binary.com Founder and CEO, also feels optimistic about crypto market’s future despite mostly negative price movements:

In recent months, two things happened: many new investors entered the Bitcoin world (evidenced by the fact that Coinbase has reportedly opened more than 30,000 new accounts per day) and that many Forex brokers started adding Bitcoin/USD trading to their platforms. All these new traders came into Bitcoin at prices above $4,000. When the bad news from China emerged, it created panic and many of these inexperienced new traders started selling. I am confident this is a rout and that the market will recover and hit new highs later this year.

Jason English, VP of Protocol Marketing at Sweetbridge, sees recent China’s decisions from a different perspective:

China is practically building a cottage industry for mining and exchanging bitcoin and other cryptocurrencies, so it is hard to believe that they intend to exit a market with so much potential upside. Even the apparent ban on ICOs seemed to be more of a stopgap in order to get some policies in place. If anything, this example shows the volatility of the space and that some market-makers can likely take advantage of an unclear news cycle to create a sell-off and buy back opportunity.

In one thing Mr. Sireau is certainly right: bitcoin price rebounded from $2,900 back to $3953 at press time, as Chinese government provided OKCoin and Huobi with the possibility to operate until the end of October.

Now that cryptocurrency trading in China has been shut down, more of the country’s exchanges and traders are moving operations overseas.

Both BTCC and OKCoin’s crypto exchanges for non-Chinese customers will continue to operate.

The post Bitcoin Exchanges OkCoin and Huobi Will Stop All Trading Services for Local Customers appeared first on CoinSpeaker.

Source link

Posted by Bitcoinist in News, 0 comments
VR and Blockchain – Technologies of the Future in the Russian Startup VRCoin

VR and Blockchain – Technologies of the Future in the Russian Startup VRCoin

The technological solution of the instant transfer of human movements VRCoin is a breakthrough in the industry of VR-games. The originality of the development lies in the fact that the player is completely immersed in virtual reality. He can either see his own body and other players in the game space or interact with them.

This effect is achieved by the sensors that are installed throughout the body. These sensors were created with help of special Motion Capture cameras and active position markers system. Due to the compactness of the equipment, the participants are not limited in movements and can completely immerse into the game process without being distracted by external stimuli.

In the end of September there is going to be the launch of the first VR-park in Moscow, that a group of four people can play simultaneously in. This location will be the first gaming VR park of a new generation, where all of the cells will be linked together by a single block-infrastructure.

Blockchain will be used to monitor the ratings and achievements of players, as well as to organize and manage e-sports tournaments and the project ecosystem. There are 13 key countries in the initial phase of the implementation plan: the UAE, China, USA, Japan, Canada, Germany, England, France, Italy, Spain, Argentina, Australia, South Korea.

Furthermore, the crowdsale will be launched as well. Also, the involved funds will be used to develop new content and create its own streaming platform. In the future, VRCoin developers see the creation of their own e-sports league of VR games built on an international network and regulated by the Blockchain system.

According to the general director of VRCoin Konstantin Negachev’s words, ICO will be held in three stages. The pre-sale phase will begin on September 15 and will last 10 days. In late September – early October, the pre-ICO stage will be held, and in late October – ICO itself. Within the ICO, it is planned to release 100 million VRCoin tokens. 500 VRCoin will cost 1ETH.

According to the calculations of the creators, each of the open VR-parks will be self-supporting in four months after the opening. In addition to the profit that VR-parks will bring, the profitability of the project will be formed from the paid services of the VRCenter service. This is going to be a monthly subscription, which will allow users to have access to the advanced functions of the service.

Since December 2018, holders of tokens will be able to purchase game time, and the cost of the session that is paid in VRCoin tokens will give a discount of up to 50%.

VRCoin holders will have access to bonus missions early access to new game settings.

Besides, the VRCoin token will give the opportunity to have a discount for those people who wish to purchase a franchise. Owners of tokens who have merged into groups can get the right to purchase a master franchise or to implement their representative in the company’s board of directors, but only if they have enough tokens available. And for business owners it will be possible to pay for the creation of personal VR stimulants and training products using VR.

Talking about business owners, it will be possible for them to pay for the creation of personal VR stimulators and training products using VR.

The project team:

Konstantin Negachev – General and Executive Director of 4 international projects, one of the founders of the group of companies ‘ILN’ which is specializing in the creation of various Digital projects;

Dmitry Livshin – CTO in ILN Softlab company, consultant of digital agencies on the issue of creating IT projects with complex infrastructure;

Mentors:

Eric Benz – the Managing Director of CryptoPay. For 10 years of his work, Eric has been implementing of innovative SaaS-systems in the largest financial institutions, payment systems and banks.

Iskander Sultanov – the General Director of the Corporate Project Co-Investing Center, Head of the Working Group at the Agency of Strategic Initiatives (ASI) that deals with social entrepreneurship;

Sergey Chernyshev – the Professor, co-author of the Digital Platform Foundation. Expert of the expert council under the Government of the Russian Federation, scientific supervisor of the Laboratory of Institutional Project Engineering.

Dmitry Machikhin – expert on legal issues in blockchains and business, CEO of Gmt Legal.

The post VR and Blockchain – Technologies of the Future in the Russian Startup VRCoin appeared first on CoinSpeaker.

Source link

Posted by Bitcoinist in News, 0 comments