Crypto Exchange Binance Blacklisted by Russia's Telecom ...

Ethereum Classic

Ethereum Classic is an open, decentralized, and permissionless public blockchain, that aims to fulfill the original promise of Ethereum, as a platform where smart contracts are free from third-party interference. ETC prioritizes trust-minimization, network security, and integrity. All network upgrades are non-contentious with the aim to fix critical issues or to add value with newly proposed features; never to create new tokens, or to bail out flawed smart contracts and their interest groups.
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Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles

Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles submitted by raaner12 to Altcoinss [link] [comments]

Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles

Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles submitted by n4bb to CoinPath [link] [comments]

Russian Users Ask Search Engines How to Buy Bitcoin. Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles.

Russian Users Ask Search Engines How to Buy Bitcoin. Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles. submitted by olahdonat3 to CryptoCurrencyTrading [link] [comments]

Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles

Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles submitted by cryptolobe to cryptolobe [link] [comments]

Digibyte is getting more popular

2020 was a very good year for Digibyte.
Binance and BitcoinCom exchanges added DGB trading, Bittrex added direct DGB purchases with fiat money / bank cards. ChangeAngel added support of direct crypto /DGB purchases with credit card (supporting dozens of fiat currencies).
But still a lot progress to be done, except the most popular exchanges Coinbase and Kraken, I wanted to refer a list of services and exchanges that can add DGB and have a benefit from it.
Exmo / one of the largest exchanges on russian market, can provide DGB in Russia and have a great benefit of it. Russian market is very large and there is still no direct DGB purchases with rubles. You can check the bestchange website, where Exmo is listed as one of the largest liquidity providers.
Mercatox / one of the oldest exchanges based in UK with very good liquidity, DGB can be listed by voting /community. Vote for Digibyte on Mercatox
Bitpay / one of the largest services that provide payments with crypto.
Kuna / Ukranian crypto exchange.
Bisq / decentralized p2p fiat/crypto exchange.
BitcoinCom / additional trading pair BCH/DGB.
Nexo / loans with crypto /DGB collateral.
submitted by walerikus to Digibyte [link] [comments]

Cryptocurrency Adoption: A Breakthrough?

Cryptocurrency Adoption: A Breakthrough?
You have probably read dozens of articles dedicated to this subject before, and likely skipped even more. So why write another one, let alone read it? The short answer is times have changed. Well, times always change. Still, the point is that we may be amidst a paradigm shift in the cryptocurrency space right now even if we don’t feel it yet.
by stealthEX
Such a fundamental change is possible due to a confluence of several factors. Some of these factors are external and therefore not related to crypto. Others are internal and represent the value-oriented nature of cryptocurrencies. It just happened that all of them got activated under specific conditions at a certain point in time, which is today, give or take.

Economic woes in a post-Covid-19 World

You wouldn’t be far from the truth if you claimed that we haven’t yet pulled through the pandemic, to begin with. Unfortunately, it only makes matters worse unless you are a cryptocurrency investor and don’t care for the rest of humanity. Anyway, the damage has been done, and nothing can change that. We are now entering the phase that is technically called “competitive devaluations” and colloquially known as currency wars.
You could also argue that if it didn’t happen at the peak of the coronavirus pandemic, it is not going to happen now. The sad truth is that we are only starting to feel the real pain. Even the deadly coronavirus doesn’t take over the body instantly, while it takes some time on the scale of a few months up to a couple years for the economic disease to spread through the fabric of society, evolve, and then erupt with inflation rates shooting through the roof, among many other nasty things. Please take your seat.
The world reserve fiat, the American dollar, is sinking like Titanic, slowly but surely. We can’t say the same about less lucky currencies, though. We won’t dwell on the Venezuelan bolivar and Zimbabwean dollar as they are altogether beyond redemption, but fiats like the Brazilian real and Russian ruble are also balancing on the brink of another landslide devaluation, which they have seen many in the past. Sharp minds in the cryptocurrency space have been telling us about this development for ages. It all looked like a remote possibility in some distant future that as we felt deep down wouldn’t have a chance to come up in our lifetime.
As it stands, we were wrong, and the events described are now starting to unfold right before our own eyes. In a strange twist of fate, large-scale cryptocurrency adoption is about to occur along with them, but not through some technical breakthroughs and innovation, or even the much-hyped DeFi, but primarily through the failure of conventional financial systems based on fiat currencies. Rest assured, the top dogs in the cryptocurrency pit are well aware of this dynamic, and they are not going to wait any longer.
Grayscale Investments, a multi-billion dollar company behind a host of cryptocurrency trust funds, started to frenziedly buy up bitcoins a couple weeks ago. All in all, it acquired over 17,000 BTC adding to its already quite impressive stash of Bitcoin, now totalling almost 450,000 coins under its management. Love it or leave it, but it amounts to 2.4% of all bitcoins mined to date, including lost, burned, or left for dead as dust in Bitcoin wallets. In essence, it means that their effective share is way higher.
But while Grayscale definitely sits at the top of the cryptocurrency investment chain, it is not the only company that went on a buying spree lately. MicroStrategy, a company largely unknown to the wider public, suddenly got religion and swapped over $400 million of its capital into 38,250 BTC. Even Barry Silbert, CEO of Grayscale, commented on this feat in his tweet.
Twitter, by StealthEX
So whenever there is a hint at price correction, someone comes out of the shadows and picks up a handful of bitcoins from the market propping up the price.
Why are they doing this? You already know the answer.

Paradigm shift

In different words, all that cryptocurrencies had to do was to last long enough until fiat started to fall apart. It does now, and paradoxically such times are also times of great opportunity, Baron Rothschild’s way. The world’s largest cryptocurrency exchange, Binance, has been pushing its cryptocurrency payment card since April when it acquired Swipe, a firm focused on crypto-to-fiat payment cards. At the time of the acquisition Swipe already supported 20 cryptocurrencies and fiat transactions in major currencies.
Binance.com, by StaelthEX
For European users the Binance card was officially made available in August, and the exchange plans to enter the US market soon. Given its dominance in the crypto arena, it wouldn’t be unreasonable to expect the surge in the cryptocurrency use as a means of payment thanks to this. It is unlikely that people would spend their precious bitcoins, but the packmaster is not the only member of the pack that Binance handles. Cryptos like Litecoin or Bitcoin Cash can easily become currencies of choice to use with Binance debit cards.
But what truly makes it a game-changer is the current turmoil in the global economic affairs which may turn out to be a once-in-a-lifetime chance for crypto to pick up where fiat currencies leave, or fail, to be exact. On the other hand, it may be a natural development after all, set in stone by the very first Bitcoin transaction and cemented for good when it got confirmed. Now things start to arrange themselves to fit their preordained layout. We have taken our time.
As cryptocurrencies are not internally linked to, or tied by, the lunatic policies of monetary authorities, that is to say, no central bank can ask or force miners to mine more bitcoins, we have the first element in place in the layout for the cryptocurrency mass adoption to occur at the most basic level. In fact, it has always been there, so we just had to wait until the two other elements arrived, even though it took longer than most of us were ready to wait.
The second required element in the grand picture of cryptocurrency adoption is the change in attitude toward wealth evaluation. So far the vast majority of people involved in crypto, including its most die-hard supporters, valued their cryptocurrency holdings in fiat terms. Without doubt, it was the US dollar, regardless of your home currency. But when fiat collapses or enters a long period of runaway inflation, people will be ready for a dramatic change in their approaches toward capital assessment as well as spending habits.
And here comes the most important part where Binance hits the nail on the head. If you are unable to effortlessly spend crypto in your everyday life, the first two components cannot trigger this change in attitude on their own. We need this third element to make use of what has existed and take advantage of what has come around. In a way, what Binance did, and what its competitors are no doubt going to do as well if they don’t want to miss out on the opportunity, appears to be the part that snugly snaps into place when we finally get there.
With Binance payment card, you can “buy the things you love with crypto”. So now the ball is in your court to support the full-scale cryptocurrency adoption coming up. Kidding aside, with fiat turning into trash by leaps and bounds all over the globe, this looks like a very enticing payment option for both the crypto purists and the unbanked. We have seen quite a few such cards in the past, but Binance seems to be adamant on making its variety really popular and actually usable. And then you can ride volatility waves to your financial benefit.
If Binance succeeds, that may herald a new era of cryptocurrency adoption, a breakthrough of sorts after so many years of stagnation in this department.

Repercussions and ramifications

It is not like only we, traders and investors alike, see these trends. Governments are also taking notice and paying close attention. They can’t remove cryptocurrencies and they can’t help inflating their national currencies. However, they can still crack down massively on this and similar endeavors, trying to nip them in the bud. We don’t know yet what Uncle Sam is going to say but some muslim countries have been quite vocal in this regard.
For example, Egypt has issued a fetva which prohibits bitcoin transactions as being against Sharia, an Islamic religious law. Another mostly Islamic country, Indonesia, has banned the use of cryptocurrencies as a means of payment. Russia, although not Islamic yet, is hellbent on effectively outlawing most cryptocurrency operations despite passing earlier a law on digital assets which is essentially neutral to crypto.
To conclude, we must be aware that once things get serious and governments see that their monetary supremacy is being threatened, that they can no longer play their favorite game of inflation tax, they will leave no stone unturned to prevent mass use of crypto as an alternative means of payment. And cryptocurrency payment cards are hands down one of the best tools available for this use on a down-to-earth level, groceries and whatnot.
Now you know what their target will be.
And don’t forget if you need to exchange your coins StealthEX is here for you. We provide a selection of more than 300 coins and constantly updating the cryptocurrency list so that our customers will find a suitable option. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example BTC to ETH.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [email protected].
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/10/06/cryptocurrency-adoption-a-breakthrough/
submitted by Stealthex_io to StealthEX [link] [comments]

Breaking News: Russia Outlaws Binance

Breaking News: Russia Outlaws Binance
Russian telecom regulator, Roskomnadzor, has notified the world’s largest cryptocurrency exchange Binance that it blacklisted the exchange for “spreading information related to the acquisition of digital currencies”. Basically, it means that Russian users won’t be able to access the exchange without the use of special tools like VPNs, anonymizers, or proxy servers after the local telecom operators start to enforce the ban.
by StealthEX
So far the exchange site is still accessible without taking any additional steps. Binance promises that there will be no disruption to their services for Russian users, and that they are going to challenge this decision in the court of law. Now the exchange is looking for legal counsel before taking further action. Anyway, it seems to remain unflinching in its plan to launch a cryptocurrency payment card for Russian users later this year.
The good news is that many top dogs in the cryptocurrency exchange services arena, for example, LocalBitcoins, have been banned for years, and it didn’t stop crafty Russians from using the services. You wouldn’t really expect highly sophisticated crypto traders to be warded off with these mostly useless measures. Roskomnadzor had become famous for banning Telegram in 2018, and then even more famous for having to admit losing this battle, even though it took two long years and a virus pandemic to recognize the failure.
And the utmost irony in all of this is that the Binance ban is in stark contrast with the recent proposal of Russia’s Ministry of Finance. It came up with a bill on making individuals report their crypto operations for taxes, which kinda assumes legality of these operations. The authority also proposes that cryptocurrency exchanges should quarterly report transactions of Russian users. But seriously, how do they see approaching Binance if it is not supposed to be available from Russia?
If you are going to make sense of it all, you will have a hard time. Any sane person trying to find reason behind the steps taken toward cryptocurrency regulation by the Russian government and its public services would likely end up with cognitive collapse. But it may be a mistake to assume there is a reason in the first place as these moves can be adequately explained by lack of genuine understanding what cryptocurrencies essentially are. You simply can’t fight crypto with bans and prohibitions.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [email protected]
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/09/25/breaking-news-russia-outlaws-binance/
submitted by Stealthex_io to StealthEX [link] [comments]

Russians are Rushing to Buy Bitcoin as COVID-19 Pandemic Continues

As governments around the world continue to battle ill-effects of the ongoing COVID pandemic, Bitcoin is turning out an investment of choice among developing and emerging economies.
Bitcoin spikes in Russia
A study by Russia’s RBC on June 4 noted Bitcoin trading and exchange volumes are surging across the country’s local exchanges. Most volume seems to have increased from March onwards – around the same time when COVID intensified. The report comes even as Russia considers banning the issuance and trading of cryptocurrencies in the country.
Officials from the Russian chapter of Binance, Garantex, and EXMO shared insights with the Russian publication, confirming the growth in users originating from the country. All the bourses have mandatory KYC policies in place, meaning the reported figures are accurate.
As the users have grown, so have volumes. Gleb Kostarev from Binance Russia reveals registrations in April 2020 were about twice those of December 2019. He further noted: “It is worth noting separately that the popularity of futures trading is growing among Russians.”
Kostareb added trading volumes of Bitcoin and other crypto-products, in May, were double of March and almost “five times as high” as recorded in January.
However, Garantex’s Sergey Mendelev said the increase in activity did not necessarily mean people were actively withdrawing the any profits or their initial assets. Meanwhile, EXMO’s Sergey Zhdanov stated user activity on the exchange’s site increased over 20 percent, with 12 percent of that metric being Russian users.
The ongoing coronavirus pandemic has led to self-isolated and a lack of income for many people. With such a backdrop, analysts believe traders and new investors are being driven to cryptocurrency and traditional markets in the search of volatility, and in turn, profits. A report by Bloomberg earlier this week noted an increase in Bitcoin trading activity alongside a decrease in volatility compared to traditional markets.
The report singled out Bitcoin as a “safe hedge” comparable to gold and claimed the general population is both aware and affected by incandescent money printing by global governments – which economists believe can lead to eventual inflation.
The report went on to suggest Bitcoin prices reaching over $20,000 in 2020, although such predictions have proven false in the past. Meanwhile, Virgin Galactic CEO Chamath Paliyapitaya does not believe the corona will prove a bullish factor for Bitcoin, stating the notion is “idiotic.”
submitted by kealenz to BitcoinMarkets [link] [comments]

A Noobs Guide to Buying Bitcoin

OK Gabriel, you convinced me. My money isn't my money. Governments are taking advantage of their citizens. I want to dip my toes into the financial revolution, but I’m not sure how. Can you help me buy some Bitcoin?
I am happy to hear that you are ready to take the plunge!
There are many platforms that allow you to buy and sell Bitcoin, but the best one for new users is Cash App. Cash App is a product developed by Square, that allows you to efficiently transfer money to other users on their platform.
Reasons I like Cash App:
  1. Transparent fees
  2. Simple interface
  3. The ability to move Bitcoin into an external wallet
Transparent Fees
Cash App has a flat fee of 1.7%, which is relatively low compared to other platforms. Some platforms, like Crypto.com, offer a 0% fee on purchasing Bitcoin, which make it seem cheaper, but will charge more for the asset itself. The Crypto.com fee structure is more suited for large purchases while Cash Apps structure is suited for small consistent purchases.
Simple interface
Cash App offers a clean and simple interface for processing transactions. Other platforms, like Binance.com, may have more features but this can overwhelm new customers.
Cash App also allows you to buy Bitcoin on a set basis (i.e, $10 every day or $500 a month). Buying small amounts of Bitcoin frequently is a good way to build your bitcoin portfolio with less risk. This is called Dollar Cost Averaging.
External wallet
There is a famous saying in the Bitcoin community:
“Not your keys, not your Bitcoin”
When you buy Bitcoin through an exchange like Cash App, they are in possession of your Bitcoin until you transfer it to a wallet. If you leave it in their position, your Bitcoin is at risk of being lost or stolen.
To secure you possessions, you need a wallet which is like your bank account.
I found Atomic Wallet to be a good option, however as you get more comfortable I recommend branching out. It takes only a few minutes to create a wallet. Just download the app and follow the step. Make sure to write down the 12 word pass code that they provide you with. This can be used in case of emergency to restore your wallet.
When you open the app you will see a list of many different cryptocurrencies that can be stored in your wallet. For the moment, scroll down until you find BTC aka Bitcoin. Click on it and you will have an option to send or receive. When you click receive you will be presented with a QR code and your Bitcoin address. This is your account number. Copy and paste this info into Cash App and in about 30 mins your balance will be reflected in you wallet.
Congrats! You are now the proud owner of your first Bitcoin and part of the finance revolution.
Bitcoin and the cryptocurrency world can be overwhelming for new users. When you’re just getting started, it is important to keep things simple. There is so much information out there, tons of platforms, and a lot to learn. I hope this article helps you as you begin on your Bitcoin journey.
submitted by ggabriel8 to Bitcoin [link] [comments]

“No DeFi Ecosystem Without Chainlink” - Crypto Analysts Claim

“No DeFi Ecosystem Without Chainlink” - Crypto Analysts Claim

However, The Oracle Network Received Accusations Of Being A “Well-Oiled Russian Pump-And-Dump Fraud”
US investment analysis company Weiss Ratings made a bold statement, claiming Chainlink to be an integral part of the future DeFi revolution. The team at Weiss Rating went even further, claiming that there is no “#crypto revolution” without “decentralized finance.” And it’s looking more and more like there’s no #DeFi without #LINK.”
The reason behind the bold statements is Chainlink’s recent price movements. The oracle network’s token, LINK, increased 36% from last week and marked a 126% price increase since July. Year-to-date data shows LINK’s price increased 18-fold – from a low of $1,73 on March 16, to reach an all-time high of $19.68 on August 16. Currently, LINK is trading at $14.38
Source: Cryptobrowser
LINK’s oracle network powers DeFi protocols like Aave (LEND), Ampleforth (AMPL), Bancor (BNT), Kyber Network (KNC), Loopring (LRC), and Synthetix Network (SNX). Also, Chainlink’s oracle infrastructure has been integrated into leading crypto exchanges like Binance and Bitrue to provide accurate crypto price feeds for their products.
However, despite the recent growth, Chainlink slipped down a position in CoinMarketCap’s rank, with Bitcoin Cash regaining its fifth position. Looking at the technical analysis picture, LINK may be heading to a slow fall, as after the all-time high, Chainlink’s token tested the $15 support zone. Crypto experts are considering that LINK crossing the 50-day moving average line would give the token a short-term upward push.
Meanwhile, Chainlink fell under the crosshairs of Zeus Capital, which claimed Chainlink is nothing more than a “well-oiled Russian pump-and-dump fraud.” In a series of blog posts, the company elaborated on concerns that Chainlink may turn out to be a Ponzi scheme. However, Zeus Capital has been allegedly involved in a series of malicious activities, including offering payments to crypto-related Twitter users for posting unfavorable news about LINK. Zeus reached to crypto influencers like ‘The Wolf of All Streets’ Scott Melker and Josh Rager.
Furthermore, Zeus Capital also reportedly opened a short position on Chainlink, betting that LINK’s price would crash 99%, which justifies the vicious attack on the sixth-largest cryptocurrency.
submitted by Crypto_Browser to CryptoBrowser_EN [link] [comments]

List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention houseme in the comments. We will make improvements based on your feedback.
 
https://kryptocal.com | /kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal
 

ADD AN EVENT

If you like an event to be added, click Submit Event, and we will do the rest.
 

NEXT DAY UPCOMING EVENTS

 
General
IOTA(MIOTA) Dev Update August 5, 2020
ChainLink(LINK) AMA August 5, 2020
Hydro Protocol(HOT) AMA 41 August 5, 2020
Pundi X [NEW](NPXS) Russian AMA August 5, 2020
Nexo(NEXO) Staking Deadline August 5, 2020
CashBet Coin(CBC) ProBit Exchange IEO August 5, 2020
Hashgard(GARD) Mainnet Launch August 5, 2020
Vexanium(VEX) AMA at BC Core Community August 5, 2020
Fetch.ai(FET) Second TV Interview August 5, 2020
DOS Network(DOS) AMA w/ Crypto Bharat August 5, 2020
ChainX(PCX) Election Deadline August 5, 2020
ChainLink(LINK) Global DeFi Summit August 6, 2020
AdEx(ADX) Implement & Audit Token August 6, 2020
ZenCash(ZEN) Weekly Insider #52 August 6, 2020
Stox(STX) Binance AMA Series August 6, 2020
Stox(STX) Rebrand Crash Course August 6, 2020
Bitcoin Green(BITG) Halving August 6, 2020
Harmony(ONE) AMA with CEO August 6, 2020
BOSAGORA(BOA) AMA w/CryptoProfitCoach August 6, 2020
Voyager Token(VGX) AMA & Dev Update August 6, 2020
Fetch.ai(FET) Live Online Q&A August 6, 2020
 
Exchanges
Kyber Network(KNC) Huobi Perp Swap Listing August 5, 2020
TomoChain(TOMO) LBank Listing August 5, 2020
Compound Coin(COMP) BTC Markets Listing August 5, 2020
DigitalBits(XDB) BitMart Listing August 5, 2020
DigitalBits(XDB) BitMart Listing August 5, 2020
Synthetix Network Token(SNX) Indodax Listing August 6, 2020
Prometeus(PROM) Bithumb Listing August 6, 2020
yearn.finance(YFI) Indodax Listing August 6, 2020
 
Conferences
ETHLend(LEND) DeFi Conference 2020 August 5, 2020
 
Blockchains
Fetch.ai(FET) Webinar August 6, 2020
 
 
submitted by cryptocalbot to CryptoMarkets [link] [comments]

List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention houseme in the comments. We will make improvements based on your feedback.
 
https://kryptocal.com | /kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal
 

ADD AN EVENT

If you like an event to be added, click Submit Event, and we will do the rest.
 

NEXT DAY UPCOMING EVENTS

 
General
IOTA(MIOTA) Dev Update August 5, 2020
ChainLink(LINK) AMA August 5, 2020
Hydro Protocol(HOT) AMA 41 August 5, 2020
Pundi X [NEW](NPXS) Russian AMA August 5, 2020
Nexo(NEXO) Staking Deadline August 5, 2020
CashBet Coin(CBC) ProBit Exchange IEO August 5, 2020
Hashgard(GARD) Mainnet Launch August 5, 2020
Vexanium(VEX) AMA at BC Core Community August 5, 2020
Fetch.ai(FET) Second TV Interview August 5, 2020
DOS Network(DOS) AMA w/ Crypto Bharat August 5, 2020
ChainX(PCX) Election Deadline August 5, 2020
ChainLink(LINK) Global DeFi Summit August 6, 2020
AdEx(ADX) Implement & Audit Token August 6, 2020
ZenCash(ZEN) Weekly Insider #52 August 6, 2020
Stox(STX) Binance AMA Series August 6, 2020
Stox(STX) Rebrand Crash Course August 6, 2020
Bitcoin Green(BITG) Halving August 6, 2020
Harmony(ONE) AMA with CEO August 6, 2020
BOSAGORA(BOA) AMA w/CryptoProfitCoach August 6, 2020
Voyager Token(VGX) AMA & Dev Update August 6, 2020
Fetch.ai(FET) Live Online Q&A August 6, 2020
 
Exchanges
Kyber Network(KNC) Huobi Perp Swap Listing August 5, 2020
TomoChain(TOMO) LBank Listing August 5, 2020
Compound Coin(COMP) BTC Markets Listing August 5, 2020
DigitalBits(XDB) BitMart Listing August 5, 2020
DigitalBits(XDB) BitMart Listing August 5, 2020
Synthetix Network Token(SNX) Indodax Listing August 6, 2020
Prometeus(PROM) Bithumb Listing August 6, 2020
yearn.finance(YFI) Indodax Listing August 6, 2020
 
Conferences
ETHLend(LEND) DeFi Conference 2020 August 5, 2020
 
Blockchains
Fetch.ai(FET) Webinar August 6, 2020
 
 
submitted by cryptocalbot to kryptocal [link] [comments]

Interview With Eddie Jiang: How CoinEx Is Adapting To The Exchange Space And Growing

Interview With Eddie Jiang: How CoinEx Is Adapting To The Exchange Space And Growing
Written by chaintalk.tv
https://preview.redd.it/v238540taz751.jpg?width=1280&format=pjpg&auto=webp&s=2a852e171a74e49da802d7c12fadba452cf4cf43
We recently had the opportunity to interview the VP of ViaBTC Group, Eddie Jiang. ViaBTC Group owns popular crypto exchange CoinEx and ViaBTC Pool. In this interview Eddie discusses being the first exchange to use BCH as the base currency, ViaBTC Pool and integrating with CoinEx, new features and ambassador program, and competing with other exchanges like Binance and Huobi. Please enjoy the interview below.
How come you decided to open up CoinEx to other cryptos other than just BCH?
Eddie Jiang: CoinEx is the world’s first exchange to implement Bitcoin Cash as a base currency. At that time, it was evident that there was a demand for BCH trading markets, and we are the first to explore this opportunity. It also shows our determination to support the BCH’s development.
As CoinEx is developing, our goal becomes bigger and we are aiming at the global market. We need to constantly improve our product diversification to meet the different needs of more users, so we open up to other cryptos. In the past six months, we have listed more than 50 new tokens. Up to now, we have listed 129 cryptos and 313 markets. Besides, in addition to spot trading, CoinEx also supports perpetual contract and other derivatives trading.
How does CoinEx integrate with the ViaBTC Pool?
Eddie Jiang: ViaBTC Group announced a strategic upgrade, which included a new organizational structure, product innovations and service improvements, on 30 May.
As part of the change, the Group has established three dedicated business units (BU): the financial services BU, consisting of ViaBTC mining pool and CoinEx exchange; the infrastructure services BU, including ViaWallet and Blockchain Explorer; and the ecological development BU, focusing on the research and development of public chain technology and the construction of the ecology.
After halving, the combination of mining and finance will become closer and closer. Investing in mining machines is like buying a Bitcoin option. Miners need more flexible financial products to maintain and increase the value of assets, or hedging services. Based on this judgment, the operations of ViaBTC mining pool and CoinEx exchange will be integrated in the future to realize the financial empowerment of the mining pool to meet the diverse financial needs of miners.
Features of this integrated product upgrade can be summarized as: “ The mining pool is the wallet, and the wallet is the transaction.” ViaBTC is the world first mining pool that has a wallet embedded in the mining pool account. Users do not need to transfer the mined coins, and can realize the function of coin exchange within the wallet. For example, they can directly convert the mined coins into USDT to pay electricity bill. What’s more, users can store, deposit and withdraw their revenue, and transfer assets to CoinEx at any time without charge, as well as complete other operations on the exchange, such as purchasing wealth management products for asset preservation and appreciation. In addition, we also provide hedging services. All of the above functions can be completed in one stop in the mining pool, without the need to transfer assets between different platforms.
The exchange empowers the mining pool, and the mining pool will further bring more traffic and resources to the exchange. The two complement each other and development coordinately.
CoinEx has recently added many new features. Can you talk about what new updates were made to the platform and why you made them?
Eddie Jiang: We have always attached great importance to the development of overseas markets since our establishment, and one of our major goals this year is to cover at least 10 different languages speaking markets.
To realize this and to meet the needs of more users worldwide, CoinEx has been continuously optimizing and upgrading its operating strategies, products and services. Our product diversifications are constantly improving. As I said before, we have launched leverage trading, perpetual contract trading, and wealth management products in addition to just spot trading. However, we don’t ignore the importance of spot trading. More mainstream, popular, and high-quality tokens have been listed, and up to now, there are 129 tokens and 313 trading pairs on CoinEx.
During the epidemic, we have never slowed down our development. Lacking of the OTC service has always been a shortage for CoinEx. In March, we partner with Simplex to integrate the first fiat onramp to our platform. People now can buy crypto with their credit cards, which lowers the threshold for more people to enter the crypto world. Moreover, we announced global strategic partnership with Matrixport to provide people with large amount of fiat to crypto needs the OTC service. These newly launched services also help to attract more users.
At the same time, CoinEx has been launched in Arabic, Italian, English, Japanese, Russian, Korean and other 16 languages. Earlier we also carried out product upgrades, making the UI and function sections clearer.
In terms of operations, we launched an upgraded CoinEx Ambassador program in March. To best utilize each ambassador’s personal strengths, there are four categories of CoinEx Ambassador with different responsibilities, namely Referral Ambassador, Marketing Ambassador, Operation Ambassador, and Business Ambassador, which will expand our brand’s exposure and help CoinEx grow into a more international exchange platform.
From March until now CoinEx has seen a 100% increase in user registrations. Why is that and are you able to see where they are coming from?
Eddie Jiang: Because of the efforts mentioned above, in 2020, we’ve seen an exponential increase in activity in just the past few months alone. In this year alone, CoinEx’s daily registered users increased by 100%. These new users mainly come from markets such as the Middle East, Asia Pacific, and more.
Interestingly, we saw an uptick in traffic from the Middle East in March. User growth in Southeast Asia also picked up significantly, newly registered users increased by 133.6% in April.
With Binance, BitMex, Huobi, Bybit, and Deribit, controlling most of the crypto futures and options markets, where do you see CoinEx fitting in? How do you plan to capture market share from these large exchanges?
Eddie Jiang: We won’t compete with others. We focus on ourselves to improve products and our goal is to be better than yesterday.
Our pace is solid and steady, instead of focusing on temporary heat and flow. We have always attached great importance of spot trading, and we are committed to be responsible for users’ investment. We have set up CoinEx Institution, which is dedicated on project research. A listing committee consist of core team members review and vote on projects recommended by the CoinEx Institution. In this way, fraud projects are avoided as much as possible.
Besides, we will focus on niche areas with great potential. For example, Southeast Asia and the Middle East. CoinEx can serve users in those countries well by providing a platform with rich cryptos to trade, and will pay more efforts on refined operations in different countries.
Moreover, CoinEx has a very complete ecosystem. Financial services, infrastructure, and ecological development, the three business units complement each other. The infrastructure BU is our cornerstone and is positioned as a defensive product; the financial service BU is a cash cow and is positioned as an aggressive product; the ecological development BU focuses on the public chain ecology and is the future infrastructure.
What is the geographical breakdown of the CoinEx userbase?
Eddie Jiang: The current proportion of CoinEx’s overseas users has reached 80% of the total registered users, and mainly in Australia, Southeast Asia, North America, Middle East and South Korea.
Do you have plans to focus on any certain jurisdictions? How will you do that?
Eddie Jiang: When we evaluate regions, two things matter: policy and potential.
Whether an exchange’s business expansion in a region is smooth or not largely depends on the region’s policies. If the region is not very friendly towards cryptocurrency or has repeated attitudes, there will be more difficulties and the cost will be much higher.
For a region’s development potential, we need to think about the demand and market development status. South Korea, Southeast Asia, the Middle East and other regions are all areas with good potential for cryptocurrency development. Compared with Europe and America, policy risks in these countries are lower, and the supervision mechanism is relatively complete. The public has a high degree of awareness of cryptocurrencies. Besides, some regions or countries have inflation problems due to political and economic reasons.
CoinEx will continue to focus on the Middle East and South Asia, which are relatively niche. India has just lifted ban on cryptocurrency trading this year, and there are many cryptocurrency investors in Indian. CoinEx can serve them well by providing a platform with rich cryptos to trade. More people in the Middle East are interested cryptos, especially in countries that are subject to economic sanctions or high inflation. For those people, cryptocurrencies are one of the best choices for asset preservation.
Since the CoinEx Ambassador program launched in March, it has been almost three months. We are conducting the second round of ambassador recruitment. This time, we will use the power of ambassadors to expand our recruitment coverage and strive to attract more crypto enthusiasts from all over the world to grow together with CoinEx. Moreover, we will launch the National Expansion plan and leverage on the CoinEx and ViaBTC mining pool resources, to further explore the Russian market. At the market level, we will make more PR efforts in local markets, and start refined operations.
What is CoinEx Chain and CoinEx DEX?
Eddie Jiang: CoinEx Chain is a public chain built on the Tendermint consensus protocol and the Cosmos SDK. It consists of three dedicated public chains parallel to each other. Among these three chains, CoinEx DEX meets the most basic needs of DeFi for token issuance, transfer, and transactions. The Smart Chain is designed to meet the needs of complex financial scenarios and delivers programmable cash. The Privacy Chain facilitates privacy and security.
On November 11, 2019, we took the lead in launching the Mainnet of CoinEx DEX. CoinEx DEX is the world’s first public chain dedicated to decentralized transactions. Users can easily manage their digital assets on it.
CoinEx DEX can fully satisfy the following conditions: users have private keys at their own disposal; transfers and transactions are all completed on-chain, which is 200% transparent and checkable; the issuance, transfer, and transaction of tokens do not require review or permission; the community governance and operation is decentralized, similar to EOS, and validators are introduced to the community ecosystem construction and governance. There are currently 41 validators.
It also has extreme performance. TPS reaches as high as 10,000 and transactions are confirmed within seconds. The transaction fee, 0.0001 US dollars for each transaction, is negligible.
Third, it’s simple and easy to use. The new operation interface design helps beginners get started quickly; with the one-click token issuing module, users only need to fill in a few items to issue tokens; the built-in automated market-making module guarantees liquidity.
How will CoinEx DEX improve the decentralized exchange space that has been unable to gain much adoption?
Eddie Jiang: There are many challenges and difficulties facing centralized exchanges. The first difficulty is security. Security is a huge concern for CEXs. Over the last 10 years, hackers have stolen more than $1.5 billion from centralized exchanges. In fact, research groups estimate that hackers stole somewhere between $950 Million and $1 Billion from centralized exchanges in 2018 alone. There were also incidents of coin thefts in other exchanges in 2019. Many exchanges, such as Mt. Gox, Youbit, were forced to file for bankruptcy and shut down as a result of hacks.
The second is high management costs. Centralized exchanges need to list a large number of cryptocurrencies and each of them have different trading pairs. That entails huge efforts in development and maintenance and, thus, high management costs.
The last is global policies. Cryptocurrency is faced with different regulatory policies in different countries. Every time a centralized exchange enters a country, it needs to adapt itself to local regulatory policies for compliance. This is a holdback for the exchange’s rapid market expansion globally. Such adaptation will also bring a huge learning cost for the exchange team.
Obviously, these problems can be well solved by DEX. CoinEx DEX is a true DEX with full open source and full community governance, as well as without depending on official nodes, websites, wallets, etc. On DEX, users are able to in charge of their own private keys and assets all by themselves. Their assets are more safe and secure. Transfers and transactions are all completed on-chain, which is 200% transparent and checkable; and the issuance, transfer, and transaction of tokens do not require review or permission. What’s more, CoinEx DEX provides a great and convenient user experience.
How will CoinEx Chain and DEX help the crypto industry as a whole?
Eddie Jiang: The public chain is the cornerstone of the blockchain industry. CoinEx Chain has the parallelism of multiple dedicated public chains, each of which performs its own functions, by cross-chaining for both high performance and flexibility.
CoinEx Chain is committed to building the next generation of blockchain financial infrastructure. It is a more complete ecosystem built around the DEX public chain. The DEX public chain is a dedicated public chain developed specifically for token issuance and trading and the biggest improvement on trading speed, so it only supports the necessary functions, not smart contracts.
But smart contracts are the foundation for building more complex financial applications. Outside the DEX public chain, CoinEx Chain also includes a Smart Chain that supports smart contracts.
Moreover, as privacy issues on the current blockchain have been criticized, it is one of the core tasks of CoinEx Chain to safeguard users’ privacy. Similar to the Smart Chain, the Privacy Chain specifically supports transaction privacy protection. With cross-chain circulation, it can improve the privacy characteristic of the entire CoinEx Chain ecosystem.
Nowadays, 1.7 million people in the world have no bank accounts; however, among them, two thirds are smartphone users with huge demands for financial services. The public chain will empower DeFi applications’ development and popularization, not only help more companies to seize the huge market opportunity, but also to bring lasting transformations and improvements in people’s lives.
With so many crypto exchanges, what is the future outlook of CoinEx when it comes to the crypto exchange space?
Eddie Jiang: It has been nearly 3 years since CoinEx has been launched, but it’s quite young for an entrepreneurial team. We have seen too many projects’ failures due to governance issues. CoinEx has a very elite team with high technical and management capabilities. In terms of business, CoinEx has gradually developed with diversified business and a complete ecosystem. It’s clear that the market will still grow very fast in the future, and the market size is still very large. We will continue to improve our products, put more efforts in marketing and operations, as well as look for more high-quality projects, to increase the number of users and transactions on the platform. Lay a solid foundation, and I’m sure the time will come for us to shine.
What updates is the CoinEx team most excited for?
Eddie Jiang: We are very excited about the National Expansion Plan which will be launched later this year. It is an important part in CoinEx’s globalization strategy. We will actively explore some new markets while consolidate the original ones. CoinEx will set aside 10 million US dollars to set up a “Pioneer Fund” to support this plan. This fund will be used to support local cryptocurrency projects and promote the development of the local cryptocurrency communities through investment or cooperation. Our goal this year is to invest in projects and communities that are conducive to expanding the CoinEx ecosystem in countries with high development potential.
Original article
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Weekly Crypto News — July, 03

What important crypto events happened last week?
Regulation, Government, Mass Adoption
📌 The U.S. court classified Coinbase as a traditional bank after the exchange revealed its customer information at the request of the FBI. This decision was made when considering the appeal of Richard Gratkowski, sentenced to 5 years and 10 months in prison. Earlier, the FBI found out that between June 2016 and May 2017, Richard Gratkovsky used Bitcoins to purchase prohibited pornographic materials involving minors. Having detected the wallets used by him, the agency turned to Coinbase with a request to disclose information about this client. The exchange complied with this requirement without a court order.
📌 Binance Exchange has confirmed the launch of a cryptocurrency debit card in partnership with Swipe. Information about this appeared on the official website of the company but later disappeared. One of the features of the card will be the ability to exchange cryptocurrencies for fiat money in real-time. Users will be able to transfer money to the card directly from the Binance trading account. Payments will be instant, funds can be spent immediately after crediting. In addition, cardholders will be able to withdraw cash from ATMs.
📌 The District of Columbia Bar has allowed lawyers in Washington D.C. to accept payments in Bitcoins and other cryptocurrencies. Representatives of the organization noted that cryptocurrencies are rapidly gaining popularity as a means of payment and lawyers cannot stand aside from these changes. Acceptance of payment in crypto is permissible if the lawyer is able to ensure the safe storage of assets. To do this, he must have basic knowledge in the field of blockchain.
Projects, Collaborations, Startups
📌 BlockFi, a company operating in the cryptocurrency lending market, reported a doubling of monthly revenue in the second quarter. The driver was halving and launching a mobile application. “By now, monthly income has quadrupled since the end of last year and doubled if we start from the end of March,” said Zac Prince, co-founder, and CEO of the startup.
📌 CoinGecko, an analytical service, has announced a partnership with cybersecurity company Hacken. As part of the collaboration, CoinGecko integrated into the so-called Trust Score cryptocurrency exchange security assessment metrics based on the platform data from Hacken. Among others, Hacken considers platform infrastructure security, including server security, two-factor user authentication, spam and phishing protection, and other criteria.
📌 According to Messari, the market capitalization of dollar-tied stablecoin Tether (USDT) reached $10.3 billion. The growth since the beginning of the year, when the figure was $4.76 billion, exceeded 116%. Other stablecoins are significantly inferior to USDT in terms of market supply.
📌 Binance cryptocurrency exchange has completed a major update of the trading engine, increasing the processing speed of operations by 10 times, company CEO Changpeng Zhao said. According to him, the update was the largest in the history of Binance. It took two years to develop it. Zhao noted that in doing so, the exchange is preparing the “next wave” of cryptocurrency market growth.
Blockchain
📌 According to Messari, Bitcoin and Ethereum account for more than 99% of the commissions received by all miners. Over the past 24 hours, the total amount of commissions in the Bitcoin network has amounted to $407,571. Ethereum has a significantly higher rate — $814,082.
📌 On June 30, at block # 637 056 in the Bitcoin network, the planned recalculation of mining complexity took place. The indicator has undergone the most insignificant change since March 22, 2010, having decreased by 0.0033% from 15.7847 T to 15.7842 T. Thus, the complexity of mining Bitcoin almost did not change for the first time in 10 years.
📌 A transaction of 101 857 BTC (~$ 933 million at the time of sending) was recorded in the Bitcoin network between anonymous addresses. Transaction passed between anonymous addresses. The commission was only 48 cents. An anonymous whale used the SegWit protocol, which reduced costs by 41%.
📌 One of the Bitcoin users included the message “Hello, Noah! Welcome to the world, little one” in one of the transactions, thus recording the birth of their first child. The unchanging and censorship-resistant nature of Bitcoin will ensure that this message remains forever on the blockchain while it continues to function. The current case demonstrates a widely discussed scenario for using the first cryptocurrency as a decentralized database.
Hacking, Cyber Crimes
📌 Russian Sergei Medvedev admitted involvement in the cybercriminal organization Infraud, which traded stolen personal data, compromised credit cards, malware, and other illegal things. “Over the course of its seven-year history, Infraud caused an estimated loss of about $2.2 billion and more than $568 million in actual losses to a wide range of financial institutions, sellers and individuals,” the US Department of Justice declared.
📌 The criminals received a $1.14 million ransom after a successful attack on the University of California. The software installed by hackers encrypted the data on the university’s servers at the School of Medicine, making the information temporarily unavailable. To fix the problem, the institution had to pay 116.4 BTC.
📌 An unknown hacker managed to withdraw $500,000 in altcoins WETH, WBTC, SNX, and LINK from the pool of the Balancer Labs DeFi project using a smart contract vulnerability that allowed an attacker to create a shortage of funds in the pools.

That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to btc [link] [comments]

Weekly Crypto News — July, 03

What important crypto events happened last week?
Regulation, Government, Mass Adoption
📌 The U.S. court classified Coinbase as a traditional bank after the exchange revealed its customer information at the request of the FBI. This decision was made when considering the appeal of Richard Gratkowski, sentenced to 5 years and 10 months in prison. Earlier, the FBI found out that between June 2016 and May 2017, Richard Gratkovsky used Bitcoins to purchase prohibited pornographic materials involving minors. Having detected the wallets used by him, the agency turned to Coinbase with a request to disclose information about this client. The exchange complied with this requirement without a court order.
📌 Binance Exchange has confirmed the launch of a cryptocurrency debit card in partnership with Swipe. Information about this appeared on the official website of the company but later disappeared. One of the features of the card will be the ability to exchange cryptocurrencies for fiat money in real-time. Users will be able to transfer money to the card directly from the Binance trading account. Payments will be instant, funds can be spent immediately after crediting. In addition, cardholders will be able to withdraw cash from ATMs.
📌 The District of Columbia Bar has allowed lawyers in Washington D.C. to accept payments in Bitcoins and other cryptocurrencies. Representatives of the organization noted that cryptocurrencies are rapidly gaining popularity as a means of payment and lawyers cannot stand aside from these changes. Acceptance of payment in crypto is permissible if the lawyer is able to ensure the safe storage of assets. To do this, he must have basic knowledge in the field of blockchain.
Projects, Collaborations, Startups
📌 BlockFi, a company operating in the cryptocurrency lending market, reported a doubling of monthly revenue in the second quarter. The driver was halving and launching a mobile application. “By now, monthly income has quadrupled since the end of last year and doubled if we start from the end of March,” said Zac Prince, co-founder, and CEO of the startup.
📌 CoinGecko, an analytical service, has announced a partnership with cybersecurity company Hacken. As part of the collaboration, CoinGecko integrated into the so-called Trust Score cryptocurrency exchange security assessment metrics based on the platform data from Hacken. Among others, Hacken considers platform infrastructure security, including server security, two-factor user authentication, spam and phishing protection, and other criteria.
📌 According to Messari, the market capitalization of dollar-tied stablecoin Tether (USDT) reached $10.3 billion. The growth since the beginning of the year, when the figure was $4.76 billion, exceeded 116%. Other stablecoins are significantly inferior to USDT in terms of market supply.
📌 Binance cryptocurrency exchange has completed a major update of the trading engine, increasing the processing speed of operations by 10 times, company CEO Changpeng Zhao said. According to him, the update was the largest in the history of Binance. It took two years to develop it. Zhao noted that in doing so, the exchange is preparing the “next wave” of cryptocurrency market growth.
Blockchain
📌 According to Messari, Bitcoin and Ethereum account for more than 99% of the commissions received by all miners. Over the past 24 hours, the total amount of commissions in the Bitcoin network has amounted to $407,571. Ethereum has a significantly higher rate — $814,082.
📌 On June 30, at block # 637 056 in the Bitcoin network, the planned recalculation of mining complexity took place. The indicator has undergone the most insignificant change since March 22, 2010, having decreased by 0.0033% from 15.7847 T to 15.7842 T. Thus, the complexity of mining Bitcoin almost did not change for the first time in 10 years.
📌 A transaction of 101 857 BTC (~$ 933 million at the time of sending) was recorded in the Bitcoin network between anonymous addresses. Transaction passed between anonymous addresses. The commission was only 48 cents. An anonymous whale used the SegWit protocol, which reduced costs by 41%.
📌 One of the Bitcoin users included the message “Hello, Noah! Welcome to the world, little one” in one of the transactions, thus recording the birth of their first child. The unchanging and censorship-resistant nature of Bitcoin will ensure that this message remains forever on the blockchain while it continues to function. The current case demonstrates a widely discussed scenario for using the first cryptocurrency as a decentralized database.
Hacking, Cyber Crimes
📌 Russian Sergei Medvedev admitted involvement in the cybercriminal organization Infraud, which traded stolen personal data, compromised credit cards, malware, and other illegal things. “Over the course of its seven-year history, Infraud caused an estimated loss of about $2.2 billion and more than $568 million in actual losses to a wide range of financial institutions, sellers and individuals,” the US Department of Justice declared.
📌 The criminals received a $1.14 million ransom after a successful attack on the University of California. The software installed by hackers encrypted the data on the university’s servers at the School of Medicine, making the information temporarily unavailable. To fix the problem, the institution had to pay 116.4 BTC.
📌 An unknown hacker managed to withdraw $500,000 in altcoins WETH, WBTC, SNX, and LINK from the pool of the Balancer Labs DeFi project using a smart contract vulnerability that allowed an attacker to create a shortage of funds in the pools.

That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to CryptoMarkets [link] [comments]

Weekly Crypto News — July, 03

What important crypto events happened last week?
Regulation, Government, Mass Adoption
📌 The U.S. court classified Coinbase as a traditional bank after the exchange revealed its customer information at the request of the FBI. This decision was made when considering the appeal of Richard Gratkowski, sentenced to 5 years and 10 months in prison. Earlier, the FBI found out that between June 2016 and May 2017, Richard Gratkovsky used Bitcoins to purchase prohibited pornographic materials involving minors. Having detected the wallets used by him, the agency turned to Coinbase with a request to disclose information about this client. The exchange complied with this requirement without a court order.
📌 Binance Exchange has confirmed the launch of a cryptocurrency debit card in partnership with Swipe. Information about this appeared on the official website of the company but later disappeared. One of the features of the card will be the ability to exchange cryptocurrencies for fiat money in real-time. Users will be able to transfer money to the card directly from the Binance trading account. Payments will be instant, funds can be spent immediately after crediting. In addition, cardholders will be able to withdraw cash from ATMs.
📌 The District of Columbia Bar has allowed lawyers in Washington D.C. to accept payments in Bitcoins and other cryptocurrencies. Representatives of the organization noted that cryptocurrencies are rapidly gaining popularity as a means of payment and lawyers cannot stand aside from these changes. Acceptance of payment in crypto is permissible if the lawyer is able to ensure the safe storage of assets. To do this, he must have basic knowledge in the field of blockchain.
Projects, Collaborations, Startups
📌 BlockFi, a company operating in the cryptocurrency lending market, reported a doubling of monthly revenue in the second quarter. The driver was halving and launching a mobile application. “By now, monthly income has quadrupled since the end of last year and doubled if we start from the end of March,” said Zac Prince, co-founder, and CEO of the startup.
📌 CoinGecko, an analytical service, has announced a partnership with cybersecurity company Hacken. As part of the collaboration, CoinGecko integrated into the so-called Trust Score cryptocurrency exchange security assessment metrics based on the platform data from Hacken. Among others, Hacken considers platform infrastructure security, including server security, two-factor user authentication, spam and phishing protection, and other criteria.
📌 According to Messari, the market capitalization of dollar-tied stablecoin Tether (USDT) reached $10.3 billion. The growth since the beginning of the year, when the figure was $4.76 billion, exceeded 116%. Other stablecoins are significantly inferior to USDT in terms of market supply.
📌 Binance cryptocurrency exchange has completed a major update of the trading engine, increasing the processing speed of operations by 10 times, company CEO Changpeng Zhao said. According to him, the update was the largest in the history of Binance. It took two years to develop it. Zhao noted that in doing so, the exchange is preparing the “next wave” of cryptocurrency market growth.
Blockchain
📌 According to Messari, Bitcoin and Ethereum account for more than 99% of the commissions received by all miners. Over the past 24 hours, the total amount of commissions in the Bitcoin network has amounted to $407,571. Ethereum has a significantly higher rate — $814,082.
📌 On June 30, at block # 637 056 in the Bitcoin network, the planned recalculation of mining complexity took place. The indicator has undergone the most insignificant change since March 22, 2010, having decreased by 0.0033% from 15.7847 T to 15.7842 T. Thus, the complexity of mining Bitcoin almost did not change for the first time in 10 years.
📌 A transaction of 101 857 BTC (~$ 933 million at the time of sending) was recorded in the Bitcoin network between anonymous addresses. Transaction passed between anonymous addresses. The commission was only 48 cents. An anonymous whale used the SegWit protocol, which reduced costs by 41%.
📌 One of the Bitcoin users included the message “Hello, Noah! Welcome to the world, little one” in one of the transactions, thus recording the birth of their first child. The unchanging and censorship-resistant nature of Bitcoin will ensure that this message remains forever on the blockchain while it continues to function. The current case demonstrates a widely discussed scenario for using the first cryptocurrency as a decentralized database.
Hacking, Cyber Crimes
📌 Russian Sergei Medvedev admitted involvement in the cybercriminal organization Infraud, which traded stolen personal data, compromised credit cards, malware, and other illegal things. “Over the course of its seven-year history, Infraud caused an estimated loss of about $2.2 billion and more than $568 million in actual losses to a wide range of financial institutions, sellers and individuals,” the US Department of Justice declared.
📌 The criminals received a $1.14 million ransom after a successful attack on the University of California. The software installed by hackers encrypted the data on the university’s servers at the School of Medicine, making the information temporarily unavailable. To fix the problem, the institution had to pay 116.4 BTC.
📌 An unknown hacker managed to withdraw $500,000 in altcoins WETH, WBTC, SNX, and LINK from the pool of the Balancer Labs DeFi project using a smart contract vulnerability that allowed an attacker to create a shortage of funds in the pools.

That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to CryptoNews [link] [comments]

Cryptomarketing in 2020: successful application of strategies from MLM and the beauty industry

Cryptomarketing in 2020: successful application of strategies from MLM and the beauty industry

Cryptomarketing in 2020: successful application of strategies from MLM and the beauty industry
Over the past decade, the crypto-industry has proven to be a unique industry with a specific audience, which requires a no less specific approach. In this regard, in 2020, the advertising activity of crypto companies is significantly different from that to which banks and various financial companies resort. Industry leaders prefer not to rely on traditional online advertising on Facebook, Instagram and YouTube. They follow a different path: they work with bloggers (opinion leaders and influencers), rely on MLM marketing referral programs and actively organize various contests and sweepstakes with generous prize pools. The CoinDesk portal claims that crypto marketing this year is strikingly reminiscent of marketing in the beauty industry, and here it is no less effective.

General concept

Michelle Fan, a blogger with a million YouTube subscribers, is using the same techniques to spread skin care life hacks and the idea of financial freedom through bitcoins. Moreover, she assures that the leaders of the crypto industry, like her, use marketing schemes from the beauty industry, even if they themselves do not know about it.
Both areas prefer to use the DTC (Direct to Customer) business scheme, independently creating and then promoting and selling goods / services, working as closely as possible with the community. Sales are built through aggregated retail platforms like Amazon, Etsy and Shopify, or even through accounts in popular social networks.
Industry leaders in developing countries often resort to the latter option, where large sites like Amazon simply don’t work or aren’t popular. For example, Michelle Haber, a bitcoin maximalist from Libya, made it clear in CoinDesk’s comment that social networks and chats are today the most effective way to distribute goods / services in crypto topics. He said that local traders in order to “educate” the audience help buy hardware wallets, selling them through groups on social networks. Buying yourself Trezor or Ledger in another way is often simply impossible.

Work with opinion leaders

Michelle Fan is not the only person from the crypto-community who notices the similarities with the beauty industry. So, Maria Paula Fernandez, who actively uses the services of the DeFi sector and is seriously interested in the topic of skin care, gave the CoinDesk portal a similar comment.
She notes that in both cases, society has become accustomed to relying on the opinion of society itself, rather than trusting the views of the world’s leading media. Therefore, in both sectors, the so-called influencers are very popular — opinion leaders and bloggers who disseminate information among their audience on YouTube, Instagram, TikTok and other social networks, receiving a reward for this.
Crypto-companies very often, like firms from the beauty industry, provide their products to opinion leaders for review and further “instruction” of their subscribers. Maria Paula Fernandez does not see anything shameful in this. Observing the experience of bloggers, subscribers begin to acquire a kind of crypto-education and disseminate the information through the word of mouth. Thus, the crypto-community grows.
The most successful bloggers over time can count on sponsorship from one or another crypto company.
For example, the podcaster Marty Bent, whose show is now funded by Unchained Capital and Square, the developer of Cash App, witnessed this scenario. The latter, by the way, in addition to Bent sponsor also podcast Joe Rogan and rapper Lil B.
Many other large companies, including the Kraken exchange, have resorted to this strategy. They are just as interested in sponsoring reputable content creators who promote products among loyal subscribers. The U.S. exchange sponsors the Reckless VR crypto start-up, founded by Udi Wertheimer for crypto-conferences in virtual reality, and the famous podcast Peter McCormack, who launched his own media brand Defiance last year. Having started his career as a hobby, McCormack turned it into a business of his life, thanks to which he earned about $1 million for 2019.
With all this, working with bloggers is a great opportunity to enter foreign markets. This is understood at Crypto.com, where they use opinion leaders to attract the Russian-speaking and Turkish-speaking community. Does this approach give a result? Judge for yourself: over the past six months, the number of startup users has doubled and currently stands at more than 2 million people.

Referral Bonuses and MLM Marketing

The development of products within the community often turns into MLM marketing strategies, which require the presence of referral bonuses and bonuses “in depth” — favorite schemes of cosmetic brands. They use a multi-level reward system for attracting partners, where you can usually get a bonus not only for personally invited, but also for “friends of friends and their friends”. Thus, opinion leaders who distribute crypto products often receive a portion of the funds that people invited by them will pay for the product / service.
The relevance and effectiveness of the trend is confirmed by the fact that these methods are not shy to use not only crypto start-ups, but also top cryptocurrency companies, widely known throughout the industry. A prime example is SatoshiLabs, a company that manufactures and distributes Trezor wallets. The head of communications, Iva Fizerova, confirmed that she is actively resorting to “affiliate marketing” with bloggers as an alternative to paying them for direct advertising.
No less vivid examples are the largest crypto exchanges Binance and Gemini, which managed to succeed not without the help of referral systems copied from the multi-level marketing campaigns Avon and Mary Kay, which they have been using for decades.
Instagram blogger Chjango Unchained has been earning good bonuses for several months running after posting a referral link to Gemini on her profile. When her subscribers register on the exchange and buy cryptocurrencies worth more than $100, she receives $10 in BTC. According to her, she is doing a good deed. The blogger wants people who are interested in her opinion on digital money to start their crypto path on Gemini, and not, for example, on Coinbase, because the latter charges “crazy commissions”.
Referral system bonuses are a typical phenomenon for many crypto companies, and successful bloggers are happy to use this. A prime example is Michael Gu, known by the pseudonym Boxmining. It has been distributing information about digital money since 2012, having gathered an audience of more than 200,000 subscribers on YouTube and more than 3,500 participants in Telegram chat during this time.
Despite the fact that the manufacturer of hardware wallets Ledger does not sponsor its activities, it places referral links in the video descriptions and collects voluntary donations from subscribers. As you might guess, he feels rather well. At the same time, he emphasized that user activity during the coronavirus pandemic is only growing, especially after YouTube began to put sticks in the wheels of the creators of crypto-content.

Gifts, contests and sweepstakes

Making a small gift is a great way to introduce an audience to a new product. In the cryptocurrency market, this has long been relevant.
Coin creators eagerly carry out airdrops and bounty campaigns, allowing the crypto community to test the new coin. A similar approach is popular in the beauty industry. Samplers of perfumes and branded magazines with smells have led many girls to buy full-fledged versions of the fragrance.
In addition to the cryptocurrency developers themselves, a similar approach is also used by cryptocompanies of a different direction, which cannot conduct airdrops due to their technical features (for example, this is true for manufacturers of hardware wallets). Therefore, they organize more classic contests and sweepstakes. For example, they play a wallet for reposting on social networks or videos published on YouTube.
It is noteworthy that cryptobrands in this area are even more active than cosmetics manufacturers. They work not only with trusted bloggers with many subscribers, but also help to become less “untwisted” users. Therefore, they periodically assist them in organizing draws in order to attract subscribers who could potentially become new customers.
Iva Fizerova from SatoshiLabs confirmed that Trezor manufacturers periodically help users attract new followers through the distribution of gifts. Moreover, this approach brings excellent results. By working with the community this way, they have managed to sell hundreds of thousands of wallets. But most importantly, a reputation of the brand has formed around the product, warmly received by the audience. And this effect is so strong that the company simply does not see the point in spending money on traditional expensive advertising.
Most importantly, despite all the problems of 2020, including the coronavirus pandemic, which seriously hit the global economy and, accordingly, people’s wallets, demand for products did not fall. This approach remains effective, while the percentage of successful conversions in traditional advertising has probably decreased. Fizerova noted that over the past three months they have recorded a steady increase in demand for goods. Moreover, they even had to solve delivery problems, if only the buyers got the desired devices in a timely manner.
A similar approach and results are observed with other manufacturers of hardware wallets. Thus, Rodolfo Novak, co-founder of Coinkite, confirmed the growth in demand for products, despite the pandemic. Working with the community is their main marketing strategy, because it really gives results. Over the past three years, they donated about 50 wallets to YouTube reviewers. Novak is proud that their “users help other users.” According to him, this approach allows you to sell products at a lower price, since the cost of goods does not include high costs for familiar marketing campaigns.

Are marketing strategies effective? More than

The cryptocurrency market relies on marketing strategies that have established themselves in the beauty industry, which in the new field are no less effective. Maximum performance is achieved with a killer combination of all three of the above methods. It’s about when the founders of cryptocompanies themselves become opinion leaders. Just look at Changpen Zhao, the head of Binance, or Justin Sun, the project manager of TRON. Both entrepreneurs are bloggers with a huge army of subscribers and are personally engaged in the promotion of their brands, regularly rewarding their audience with pleasant gifts.
It’s easy to guess why industry leaders rely mainly on this type of marketing. Advertising products in the traditional way is expensive, especially for startups, behind which there are still no attractive products with a good reputation. But more importantly, crypto products are quite complex in themselves, so they often need detailed explanations, which are difficult to implement in the framework of traditional advertising. Agree that selling a bottle of Fanta with a new taste is much easier than a hardware cryptocurrency wallet, especially since most people don’t understand what it is.
On top of that, regular advertising is complicated by the fact that media giants regularly block crypto content.
In such a situation, marketing borrowed from the beauty industry seems to be the most acceptable and most effective option. By focusing their marketing budgets on opinion leaders and working with the community, cryptocompanies achieve the desired result, even taking into account the coronavirus pandemic. The crypto community is getting bigger and stronger every day. But the best part is that this growth cannot be stopped.
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Weekly Crypto News — July, 03

What important crypto events happened last week?
Regulation, Government, Mass Adoption
📌 The U.S. court classified Coinbase as a traditional bank after the exchange revealed its customer information at the request of the FBI. This decision was made when considering the appeal of Richard Gratkowski, sentenced to 5 years and 10 months in prison. Earlier, the FBI found out that between June 2016 and May 2017, Richard Gratkovsky used Bitcoins to purchase prohibited pornographic materials involving minors. Having detected the wallets used by him, the agency turned to Coinbase with a request to disclose information about this client. The exchange complied with this requirement without a court order.
📌 Binance Exchange has confirmed the launch of a cryptocurrency debit card in partnership with Swipe. Information about this appeared on the official website of the company but later disappeared. One of the features of the card will be the ability to exchange cryptocurrencies for fiat money in real-time. Users will be able to transfer money to the card directly from the Binance trading account. Payments will be instant, funds can be spent immediately after crediting. In addition, cardholders will be able to withdraw cash from ATMs.
📌 The District of Columbia Bar has allowed lawyers in Washington D.C. to accept payments in Bitcoins and other cryptocurrencies. Representatives of the organization noted that cryptocurrencies are rapidly gaining popularity as a means of payment and lawyers cannot stand aside from these changes. Acceptance of payment in crypto is permissible if the lawyer is able to ensure the safe storage of assets. To do this, he must have basic knowledge in the field of blockchain.
Projects, Collaborations, Startups
📌 BlockFi, a company operating in the cryptocurrency lending market, reported a doubling of monthly revenue in the second quarter. The driver was halving and launching a mobile application. “By now, monthly income has quadrupled since the end of last year and doubled if we start from the end of March,” said Zac Prince, co-founder, and CEO of the startup.
📌 CoinGecko, an analytical service, has announced a partnership with cybersecurity company Hacken. As part of the collaboration, CoinGecko integrated into the so-called Trust Score cryptocurrency exchange security assessment metrics based on the platform data from Hacken. Among others, Hacken considers platform infrastructure security, including server security, two-factor user authentication, spam and phishing protection, and other criteria.
📌 According to Messari, the market capitalization of dollar-tied stablecoin Tether (USDT) reached $10.3 billion. The growth since the beginning of the year, when the figure was $4.76 billion, exceeded 116%. Other stablecoins are significantly inferior to USDT in terms of market supply.
📌 Binance cryptocurrency exchange has completed a major update of the trading engine, increasing the processing speed of operations by 10 times, company CEO Changpeng Zhao said. According to him, the update was the largest in the history of Binance. It took two years to develop it. Zhao noted that in doing so, the exchange is preparing the “next wave” of cryptocurrency market growth.
Blockchain
📌 According to Messari, Bitcoin and Ethereum account for more than 99% of the commissions received by all miners. Over the past 24 hours, the total amount of commissions in the Bitcoin network has amounted to $407,571. Ethereum has a significantly higher rate — $814,082.
📌 On June 30, at block # 637 056 in the Bitcoin network, the planned recalculation of mining complexity took place. The indicator has undergone the most insignificant change since March 22, 2010, having decreased by 0.0033% from 15.7847 T to 15.7842 T. Thus, the complexity of mining Bitcoin almost did not change for the first time in 10 years.
📌 A transaction of 101 857 BTC (~$ 933 million at the time of sending) was recorded in the Bitcoin network between anonymous addresses. Transaction passed between anonymous addresses. The commission was only 48 cents. An anonymous whale used the SegWit protocol, which reduced costs by 41%.
📌 One of the Bitcoin users included the message “Hello, Noah! Welcome to the world, little one” in one of the transactions, thus recording the birth of their first child. The unchanging and censorship-resistant nature of Bitcoin will ensure that this message remains forever on the blockchain while it continues to function. The current case demonstrates a widely discussed scenario for using the first cryptocurrency as a decentralized database.
Hacking, Cyber Crimes
📌 Russian Sergei Medvedev admitted involvement in the cybercriminal organization Infraud, which traded stolen personal data, compromised credit cards, malware, and other illegal things. “Over the course of its seven-year history, Infraud caused an estimated loss of about $2.2 billion and more than $568 million in actual losses to a wide range of financial institutions, sellers and individuals,” the US Department of Justice declared.
📌 The criminals received a $1.14 million ransom after a successful attack on the University of California. The software installed by hackers encrypted the data on the university’s servers at the School of Medicine, making the information temporarily unavailable. To fix the problem, the institution had to pay 116.4 BTC.
📌 An unknown hacker managed to withdraw $500,000 in altcoins WETH, WBTC, SNX, and LINK from the pool of the Balancer Labs DeFi project using a smart contract vulnerability that allowed an attacker to create a shortage of funds in the pools.

That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to u/CoinjoyAssistant [link] [comments]

Weekly Crypto News — July, 03

What important crypto events happened last week?
Regulation, Government, Mass Adoption
📌 The U.S. court classified Coinbase as a traditional bank after the exchange revealed its customer information at the request of the FBI. This decision was made when considering the appeal of Richard Gratkowski, sentenced to 5 years and 10 months in prison. Earlier, the FBI found out that between June 2016 and May 2017, Richard Gratkovsky used Bitcoins to purchase prohibited pornographic materials involving minors. Having detected the wallets used by him, the agency turned to Coinbase with a request to disclose information about this client. The exchange complied with this requirement without a court order.
📌 Binance Exchange has confirmed the launch of a cryptocurrency debit card in partnership with Swipe. Information about this appeared on the official website of the company but later disappeared. One of the features of the card will be the ability to exchange cryptocurrencies for fiat money in real-time. Users will be able to transfer money to the card directly from the Binance trading account. Payments will be instant, funds can be spent immediately after crediting. In addition, cardholders will be able to withdraw cash from ATMs.
📌 The District of Columbia Bar has allowed lawyers in Washington D.C. to accept payments in Bitcoins and other cryptocurrencies. Representatives of the organization noted that cryptocurrencies are rapidly gaining popularity as a means of payment and lawyers cannot stand aside from these changes. Acceptance of payment in crypto is permissible if the lawyer is able to ensure the safe storage of assets. To do this, he must have basic knowledge in the field of blockchain.
Projects, Collaborations, Startups
📌 BlockFi, a company operating in the cryptocurrency lending market, reported a doubling of monthly revenue in the second quarter. The driver was halving and launching a mobile application. “By now, monthly income has quadrupled since the end of last year and doubled if we start from the end of March,” said Zac Prince, co-founder, and CEO of the startup.
📌 CoinGecko, an analytical service, has announced a partnership with cybersecurity company Hacken. As part of the collaboration, CoinGecko integrated into the so-called Trust Score cryptocurrency exchange security assessment metrics based on the platform data from Hacken. Among others, Hacken considers platform infrastructure security, including server security, two-factor user authentication, spam and phishing protection, and other criteria.
📌 According to Messari, the market capitalization of dollar-tied stablecoin Tether (USDT) reached $10.3 billion. The growth since the beginning of the year, when the figure was $4.76 billion, exceeded 116%. Other stablecoins are significantly inferior to USDT in terms of market supply.
📌 Binance cryptocurrency exchange has completed a major update of the trading engine, increasing the processing speed of operations by 10 times, company CEO Changpeng Zhao said. According to him, the update was the largest in the history of Binance. It took two years to develop it. Zhao noted that in doing so, the exchange is preparing the “next wave” of cryptocurrency market growth.
Blockchain
📌 According to Messari, Bitcoin and Ethereum account for more than 99% of the commissions received by all miners. Over the past 24 hours, the total amount of commissions in the Bitcoin network has amounted to $407,571. Ethereum has a significantly higher rate — $814,082.
📌 On June 30, at block # 637 056 in the Bitcoin network, the planned recalculation of mining complexity took place. The indicator has undergone the most insignificant change since March 22, 2010, having decreased by 0.0033% from 15.7847 T to 15.7842 T. Thus, the complexity of mining Bitcoin almost did not change for the first time in 10 years.
📌 A transaction of 101 857 BTC (~$ 933 million at the time of sending) was recorded in the Bitcoin network between anonymous addresses. Transaction passed between anonymous addresses. The commission was only 48 cents. An anonymous whale used the SegWit protocol, which reduced costs by 41%.
📌 One of the Bitcoin users included the message “Hello, Noah! Welcome to the world, little one” in one of the transactions, thus recording the birth of their first child. The unchanging and censorship-resistant nature of Bitcoin will ensure that this message remains forever on the blockchain while it continues to function. The current case demonstrates a widely discussed scenario for using the first cryptocurrency as a decentralized database.
Hacking, Cyber Crimes
📌 Russian Sergei Medvedev admitted involvement in the cybercriminal organization Infraud, which traded stolen personal data, compromised credit cards, malware, and other illegal things. “Over the course of its seven-year history, Infraud caused an estimated loss of about $2.2 billion and more than $568 million in actual losses to a wide range of financial institutions, sellers and individuals,” the US Department of Justice declared.
📌 The criminals received a $1.14 million ransom after a successful attack on the University of California. The software installed by hackers encrypted the data on the university’s servers at the School of Medicine, making the information temporarily unavailable. To fix the problem, the institution had to pay 116.4 BTC.
📌 An unknown hacker managed to withdraw $500,000 in altcoins WETH, WBTC, SNX, and LINK from the pool of the Balancer Labs DeFi project using a smart contract vulnerability that allowed an attacker to create a shortage of funds in the pools.

That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to CryptoCurrencies [link] [comments]

Blockchain Voting Will Determine Vladimir Putin’s Presidential Fate

Moscow citizens will be able to vote on Vladimir Putin’s Constitutional amendments via a blockchain-powered system.
Russia’s upcoming e-voting on the Constitutional amendments will be implemented using blockchain technology.
Moscow citizens will be able to cast their votes on Vladimir Putin’s Constitutional amendments online via blockchain-powered e-voting. As announced on the Moscow government’s official website, Moscow voters can sign up for the upcoming e-voting starting from June 5.
Blockchain makes voting “almost impossible to hack”
Scheduled to take place from June 25 to June 30, the e-voting will be implementing blockchain technology to “ensure security and transparency.” As officially announced, blockchain will help to anonymize and encrypt each vote to provide safety and immutability of data.
As a blockchain network “does not have a single server,” the chain is “almost impossible to hack,” the official announcement says.
The statement reads:
“The safety and transparency of electronic voting will be ensured by blockchain technology. Such a network does not have a single server: in order to change the information regarding bulletins, it is necessary to obtain the approval of most network participants, so the chain is almost impossible to hack. The vote itself is anonymized and encrypted.” In the announcement, the Moscow government did not specify what kind of blockchain technology exactly is going to be deployed during the vote. The authority also did not mention any company assisting in implementing the technology for the voting process. Cointelegraph reached out to the e-voting customer support to find out more details on the matter. This article will be updated should they respond.
The vote could extend Putin’s term by other 12 years
During the vote, Russian citizens will choose whether they support the Constitutional amendments.
First introduced on Jan. 15, 2020, the Constitutional amendments proposal aims to allow Putin to serve two more six-year terms — until 2036. If Russian people vote against the amendments, Putin will finally have to leave his Presidential post in 2024. Putin has been serving in office either as President or prime minister since 1999.
During his long-running rule, Putin has failed to introduce legislation for the cryptocurrency industry in Russia despite issuing multiple deadlines to adopt one. The Russian President may rule the fate of one of the biggest cryptocurrency and blockchain markets worldwide. As reported by Cointelegraph, Russia has been leading the world in 2020 by its share in global Bitcoin (BTC) trading on peer-to-peer exchange LocalBitcoins.
In late 2019, Changpeng Zhao, CEO of the world’s largest crypto exchange, Binance, called Russian President Putin “the most influential person in the blockchain space.”
submitted by melissaBrian0 to u/melissaBrian0 [link] [comments]

Blockchain Voting Will Determine Vladimir Putin’s Presidential Fate

Moscow citizens will be able to vote on Vladimir Putin’s Constitutional amendments via a blockchain-powered system.
Russia’s upcoming e-voting on the Constitutional amendments will be implemented using blockchain technology.
Moscow citizens will be able to cast their votes on Vladimir Putin’s Constitutional amendments online via blockchain-powered e-voting. As announced on the Moscow government’s official website, Moscow voters can sign up for the upcoming e-voting starting from June 5.
Blockchain makes voting “almost impossible to hack”
Scheduled to take place from June 25 to June 30, the e-voting will be implementing blockchain technology to “ensure security and transparency.” As officially announced, blockchain will help to anonymize and encrypt each vote to provide safety and immutability of data.
As a blockchain network “does not have a single server,” the chain is “almost impossible to hack,” the official announcement says.
The statement reads:
“The safety and transparency of electronic voting will be ensured by blockchain technology. Such a network does not have a single server: in order to change the information regarding bulletins, it is necessary to obtain the approval of most network participants, so the chain is almost impossible to hack. The vote itself is anonymized and encrypted.” In the announcement, the Moscow government did not specify what kind of blockchain technology exactly is going to be deployed during the vote. The authority also did not mention any company assisting in implementing the technology for the voting process. Cointelegraph reached out to the e-voting customer support to find out more details on the matter. This article will be updated should they respond.
The vote could extend Putin’s term by other 12 years
During the vote, Russian citizens will choose whether they support the Constitutional amendments.
First introduced on Jan. 15, 2020, the Constitutional amendments proposal aims to allow Putin to serve two more six-year terms — until 2036. If Russian people vote against the amendments, Putin will finally have to leave his Presidential post in 2024. Putin has been serving in office either as President or prime minister since 1999.
During his long-running rule, Putin has failed to introduce legislation for the cryptocurrency industry in Russia despite issuing multiple deadlines to adopt one. The Russian President may rule the fate of one of the biggest cryptocurrency and blockchain markets worldwide. As reported by Cointelegraph, Russia has been leading the world in 2020 by its share in global Bitcoin (BTC) trading on peer-to-peer exchange LocalBitcoins.
In late 2019, Changpeng Zhao, CEO of the world’s largest crypto exchange, Binance, called Russian President Putin “the most influential person in the blockchain space.”
submitted by melissaBrian0 to Bitcoin [link] [comments]

LOEx Market Research Report on May 28: BTC halved and tightened as inflation hedging tool, the market may be not over

LOEx Market Research Report on May 28: BTC halved and tightened as inflation hedging tool, the market may be not over
[Today's Hot Tips]
1. [Russian authorities do not agree to lift the Telegram ban]
According to Cointelegraph on May 28, the Ministry of Digital Development, Communications and MinComSvyaz of the Russian Federation announced on May 26 that it does not support the lifting of the ban on Telegram encrypted communication applications. According to previous reports, Russia may lift the Telegram ban due to a corona virus outbreak.
2. [there are only 1,535 BTC pull orders in the two exchanges]
During the short-term price increase of BTC, the main pull-up signs were obvious. Judging from the current capital inflow exchanges, Binance and Coinbase exchanges have large capital inflows, and are the key exchanges that drive the rise of BTC prices. At the same time, it should also be seen that BTC is currently rebounding when the transaction volume is very low. Whether there is a unilateral market depends on the price performance. The short-term pull-up occurred suddenly, and the continued strength depends on multiple factors.
3. [The number of Bitcoins held by crypto exchanges has reached a record low in 18 months]
According to Coindesk, Glassnode data showed that on Monday, the total number of bitcoins in cryptocurrency exchange wallets fell to an 18-month low, slightly above 2.3 million. This drop marks an 11% reduction in the number of bitcoins held by the exchange so far this year. In addition, during the same period, the number of Ethereum in exchange wallets increased by more than 7%. Some market participants believe that this indicates that more Bitcoin investors are turning to Ethereum.
[Today's market analysis]
Bitcoin (BTC)In the early hours of this morning, BTC rose slightly, and it briefly returned to above 9200 USDT, reaching a maximum of 9127.85 USDT. At around 5 o'clock, it quickly fell, and the lowest fell to 9052 USDT, then rebounded slightly. At present, BTC is adjusted within a narrow range around 9150 USDT. The mainstream currencies followed the consolidation, and each currency fell after a slight rise in the early morning hours. BTC is currently reported at 9181.0 USDT at LOEx Global, with a 247% increase of 0.37%.
The price of BTC is driven by liquidity tightening and bullish sentiment accompanied by a halving, which makes investors more willing to treat Bitcoin as an inflation hedging tool.
Now, according to a recent article by Messari, as Bitcoin enters the next stage of adoption, it is necessary to understand how encryption technology is related to other assets under these newly discovered macro characteristics.
In the past, market investors and traders could only express interest in Bitcoin through spot market transactions, but the current competitive environment has changed. Now companies can choose to hedge or speculate. They have the ability to trade derivatives, not potential ones, so they can express positive and negative views on Bitcoin's price action.
With the increasing participation of institutions in this field, once Bitcoin is out of the current adjustment stage, the asset may end at a higher than the annual high of $ 13,800 in 2019 by the end of the year.
Operation suggestions:
Support level: the first support level is 9100 points, the second support level is 9000 integers;
Resistance level: the first resistance level is 9500 points, the second resistance level is 9800 points.
LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Singapore Monetary Authority (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 1 million community members in 24 hours.
https://preview.redd.it/ahsoehv86g151.png?width=827&format=png&auto=webp&s=9f4529356e1a8cec40dc5635f7a5207be92a149e
submitted by LOEXCHANGE to u/LOEXCHANGE [link] [comments]

Binance Exchange Tutorial 2020: How To BUY And SELL ... How to Deposit and Withdraw on Binance Exchange  Complete ... [URGENT] Binance US Block Soon - Alternative Exchanges To Use Binance Exchange Tutorial: How To Sell On Binance (Sold My ... #Binance Guide: How to Sell Crypto using Binance P2P How to Exchange Litecoin for Bitcoin BEST CRYPTO EXCHANGES 2019? Programmer explains.

The Russian web censorship agency blacklisted Binance in June, but apparently only made the crypto exchange aware of its decision today. Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume . Buy Crypto. Markets. Trade. Derivatives. Finance. English/USD. Support Center. FAQ. Buy Crypto (Fiat/P2P) Third Party Payment Channels. ADVcash. How to deposit RUB? Binance. 2019-10-30 10:51. Binance has opened deposits and withdrawals for the Russian ruble (RUB ... Russia’s internet censorship agency, Roskomnadzor, warned against Binance and included the crypto exchange’s primary website to the country’s prohibited domains list.. This was revealed by the crypto exchange on its Russian Telegram channel, detailing that it received the notice on Thursday, and the action was taken as the platform was offering details on acquiring digital currencies ... In an announcement on its Russian Telegram channel, Binance said it was included on the list of prohibited domains because its website includes information about the purchase and sale of crypto assets like bitcoin ().. According to Roskomnadzor, Russia’s Federal Service for Supervision of Communications, Information Technology and Mass Media, distribution of such data is restricted in the ... Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles A growing number of platforms allow Russian residents to purchase cryptocurrencies with local ... The exchange was blacklisted on June 2, 2020, but Binance became aware of this only on September 24th, after receiving communication from Roskomnadzor. In an announcement on its Russian Telegram channel, Binance said it was included on the list of prohibited domains because its website includes information about the purchase and sale of crypto assets like bitcoin ( BTC ). Cryptocurrency exchange Binance.com is soon to launch its first fiat-to-cryptocurrency trading pairs, kicking off with the Russian ruble. Russia's telecom regulator Roskomnadzor has added Binance, the world's largest crypto exchange, to the list of blacklisted websites in the country. The One can now use its Visa cards to purchase Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Ripple’s XRP with the Russian ruble. Russians can now instantly purchase cryptocurrencies on Binance. The top exchange just announced it will be supporting the ruble and cryptocurrency purchases are processed in under a minute. Binance calls it “instant buying” and it has been expanding fiat ... Binance also assured Russian users that their funds are safe and secure. Also on rt.com Putin signs law legalizing Bitcoin & other cryptocurrencies, lifting them out of Russian legal 'grey-zone' Binance is not the first crypto-related website to be added to the list of Roskomnadzor’s banned sites.

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Binance Exchange Tutorial 2020: How To BUY And SELL ...

New Binance exchange tutorial 2020. How to deposit and withdraw, how to use the exchange itself and we also discuss some more features of the Binance platfor... How to transfer Litecoin or Bitcoin from Coinbase to Binance - Duration: 10:57. Jermaine Ellis 213,682 views. 10:57 . How To Buy LiteCoin & Exchange Reviews - LiteCoin For Beginners - Part 2 ... How To Trade Bitcoin Cryptocurrency for Beginners - Duration: 7:48. Fred Yen ... Coinbase, Binance, & Bittrex - Which Crypto Exchange To Use in 2019 - Duration: 41:22. The Cryptoviser 13,365 views ... Bitcoin is a storm now. will it be 2M USD 2020!? The price is rising. 10x in 2017 (wow) If you want to buy/sell bit coin BTC ETH, LTC and so all you can use Binance that one of the best exchange ... Binance exchange tutorial: how to sell on binance. I sold all my binance coins for bitcoins. Register on binance: https://www.binance.com/register.html?ref=1... Binance is blocking US residence soon. Are you wondering which alternative Bitcoin and Crypto exchanges to use? If so tune in! Become a CryptosRus INSIDER to gain exclusive insight on the market ... Users can buy and sell multiple cryptocurrencies using Chinese yuan, Vietnamese Dong and Russian Rubles with 0 fees on #BinanceP2P. Trade now at: p2p.binance.com. =====(binance tutorial for beginners)===== How to Deposit and Withdraw on Binance Exchange Complete Tutorial Bitcoin Cryptocurrency. #binance tutorial mo...

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