South Korea organizes the «crypto-shore» based on the Swiss «the crypto valley»

Article

In Busan, South Korea soon there will be blockchain center, modeled after the famous «Crypto Valley» in Switzerland. This became known at the thematic conference in Seoul.

A bold proposal was expressed by the Chairman of the local crypto-Association Oh Jung-Geun: «We need a space to focus on the development of Korean crypto-industry like Crypto Valley in Switzerland.»

Crypto Valley Association was created in 2013. This is a non-profit organization, which is engaged in creation of a favorable ecosystem for the blockchain industry. CVA is included in several working groups that are engaged in the drafting of legislation, support to start-UPS, research and events.

Korean crypto-enthusiasts are planning to create a similar space in Busan. The headquarters of the new organization will be located in the coastal part of the city, in the prestigious area of Haundai. With a light hand community the project has already received the name «Beach Crypto» (Crypto-land).

The primary purpose of the command «Crypto Beach» will be the lifting of the ban on ICO, which the government introduced in September 2017. According to Yung Keun Oh, this has led to a massive outflow of companies who are forced to run primary supply of coins in loyal jurisdictions.

At the moment, the organizers of the «Crypto Beach» is ready to discuss your project with the South Korean government. The meeting is scheduled for August 30.

However, despite some positive developments, radically change the country’s policy in relation to the crypto industry will be difficult, because recently the South Korean government said it has no plans to work on the regulation of the industry. The officials explained that the community may misinterpret such steps and to see them as legitimizing cryptocurrency. As a result, the market will start a real fever, which may hurt the wallets of users.

In the end, lawmakers decided to shift the responsibility for the crypto sector by financial regulators. Korean financial intelligence (KFIU) has already stated that it will regulate the crypto currency exchange on a par with the banks. Now the government plans to adopt a number of laws that give regulators the necessary authority.

The example of South Korea illustrates how the authorities are reluctant to delve into new economic processes. Experts explain this by the lack of specialized professionals in the field of blockchain and cryptocurrency, and banal fear of losing the vote because of the failure of the bill.

Источник

Bank of America patents blockchain storage

The Bureau on registration of patents and trademarks U.S. published patent application financial conglomerate Bank of America, which describes a blockchain-storage system with automatic verification of identity. The decision suggests that in private blockchain can store information of any individual or organization, but they can receive only the data that they have been allocated access. For example, a medical clinic can get your medical records.

The application also describes the shortcomings of traditional methods of storage and dissemination of data, for example, in the form attached to email files or upload files to the server of the provider via the website that, in the opinion of the author, represents the threat of intervention by third parties. Blockchain-the system is designed to provide efficient, safe and reliable data storage and secure access to them.

Recall that, as of mid-February, Bank of America leads in the number of patent applications that describe solutions using blockchain technology. According to estimates Bitcoin Patent Report, this credit-financial institution 2013 45 filed relevant applications, including 23 in 2016.

Источник

Cryptopia for some time has resumed trading

Hacked bitcoin exchange Cryptopia temporarily resumed trading on Monday, according to information from the order book on its website. To date, the auctions were stopped, and the company no announcements on this occasion did not. The total volume of transactions on the stock exchange to cease trading service about two months ago, in the last 24 hours amounted to little more than 10 BTC.

In the ad, not related to today’s test run of the auction, the exchange announced that it will send letters to all customers affected by hacker attacks. A copy of the letter available on the website of Cryptopia. In this exchange describes the circumstances of the break and their next steps.

The company also confirmed that it will reimburse affected users. Customers who were holding stolen from the cryptocurrency exchange in their accounts will see the records on the withdrawal of funds without transaction IDs, reflecting the scale of damage. Their account will be credited the deposits in Cryptopia Loss Marker(CLM), which is a record in the database about their fees.

According to the announcement, the company expects to commence the payment of compensation and resume trading until the end of the month after completion of necessary legal procedures.

Last week the exchange announced the transfer of remaining assets to the new wallets.



Источник

Citigroup declined to issue its own cryptocurrency

Pilot testing its own crypto token had caused the international financial conglomerate Citigroup to abandon plans for its release. It is reported by CoinDesk, citing a statement by the head of Citigroup for innovation in the field of storage and trade Gulru Attack.

Having studied the capabilities of token in international payments, the management of Citigroup recognized the existing technological solutions provided by SWIFT, more efficient, and their funding is economically justified.

«We will improve the existing financial technology, not to concentrate all their efforts on future technologies that have not yet found widespread application in major financial institutions», — said Gulru Attacks.

Question about creating a cryptocurrency token in the Bank group rose in the year 2015. However, the company never officially announced the creation of Citicoin and did not demonstrate his experimental samples.

Recall that in September 2018 Citigroup announced plans to issue receipts on the digital assets that will allow customers to trade digital currencies without owning them directly.


Источник

Opinion: growth of bitcoin prices may prevent resistance above $4000

According to the analyst CoinDesk Omkara of Godbole, the confirmation of the reversal of the long-term trend of bitcoin prices can be at risk due to serious resistance just above the $4000.

On Saturday, March 16, the first cryptocurrency again successfully tested the level of $4000, somewhat improving the situation of buyers. However, the nearest obstacle that could disrupt change long-term trend can be a $4073 corresponding to the 21-week moving average (MA), which served as solid resistance throughout the past year.

As a result, the price of BTC to correct to levels of support at $3775 and $3658. After that, bitcoin will likely roll back to the January values in the neighborhood of $3300.

However, recently, the price showed clear signs of recovery. For the first time since April last year, the «digital gold» has grown for four weeks. Currently, bitcoin is trading around $3960, at the end of the last seven days the growth rates exceeded 2%.

Weekly chart

On a larger timeframe shows that 21 MA served as support during the bull rally of 2017. Shortly after the reversal of the trend she began with resistance:

Weekly chart of BTC/USD exchanges are Bitstamp from TradingView

Now this line is the dynamic resistance remains on the bearish side, since it is characterized by a negative slope. Again the price is testing the MA 21 and, given the historical data, may soon occur downward correction.

However, if the price in the near future will be able to climb higher than the corresponding MA 21 $4073, it can be considered an early sign of reversal to the longer-term trend. However, as the line still looking South, as further confirmation is needed also the breakout level of $4220.

Daily chart

The daily chart of BTC/USD exchanges are Bitstamp from TradingView

In this timeframe, the picture is more or less optimistic. So, bitcoin is trading above the 100 MA, which is currently moving in the horizontal direction. Also recently there was a bullish crossover of moving averages periods of 5 and 10.

As for the short-term Outlook, analysts Telegram-channel Coin Trade expressed the opinion that soon likely to decline:

The four-hour schedule of unlimited bitcoin swap exchange BitMEX from TradingView

According to them, completes the formation of the figure of «Rising wedge», which speaks of the weakening of the buyers. In addition, locally formed pattern «Double top».

ForkLog previously published an article about common psychological mistakes novice traders in the cryptocurrency market.


Источник

Betting and cryptocurrency: another grey area industry

Article

The crypto industry is all tightly penetrates into our lives, capturing new areas. We already wrote about how the blockchain will affect the science, music, and pop culture. Betting is also not spared! now you can put almost any cryptocurrency in any event. The demand is there on almost everything. For passing in Russia of world Cup interest in the betting industry have increased significantly. For example, according to the expert of RBC, companies expect a two-fold increase in the aggregate monetary volume of bets on football for the entire event, and the number of bets placed can increase by 40% compared to the previous month. Cryptocurrency brokergae team probably also not remain aloof from this momentous sporting event. What are their main features?

How do rates?

Betting crypto-services are divided into three types. The first allows users to form their own rate. Anyone can create a smart contract for a particular event, whether the outcome of the match or the result of the presidential race. Then he puts the ratio and date of the event. Then saw this contract and interested parties can bet on the cryptocurrency is most likely, in their view, outcome. At the same time investments of the participants multiplied by the coefficients must be less than or equal to the pledged contribution of the founder of the contract. If this condition will no longer be performed, the contract is automatically frozen until such time as the bookie will not make the required amount. Thus guaranteed the payment of all betting.

The second type is more reminiscent of the traditional gaming platform. In fact, it is a common centralized online platforms that differ only by the fact that bets are not Fiat as in the crypt.

Still others are regular online (or even offline) platform where you can bet on a particular event in the cryptocurrency industry: when Pavel Durov will launch its TON, will drop bitcoin to $1,000, will in the end acne Buterin a job offer from Google, will reveal whether and when the identity of Satoshi Nakamoto — gamblers willing to bet on the probability of such events. Strictly speaking, this type of betting offices cannot be attributed to the crypto-bookmaking, since the mechanism itself rates them it makes no difference, but it is undeniable that the phenomenon of the crypt and of the events connected with it, are of interest from avid gamers wanting to test your luck.

It is interesting that, according to the representative of one large site specializing in betting on sports and on events in kryptomere, the latter may well have to compete with not the most known sports. Hockey and football certainly still cause much more excitement. A direct cryptocurrency bets still represent a small share of the income of the centralized sites.

Betting on the rise of bitcoin

Bitcoin sverhpredelna currency, predict the rise or decline, which often can not afford even the most reputable experts in the industry. So bet on the fluctuations of bitcoin are gaining increasing popularity. It is noteworthy that since the Russian legal brokers can operate exclusively with rubles, then they take bets on when the country finally legalized bitcoin payments and will result in the proper state legislation in the area of the crypts. One of the most famous experts considered the statement of Tim Draper, known for being enriched at the expense of their early investment in Twitter and Skype. His predictions are of particular interest among crypto-enthusiasts, since even in 2014, it was announced that the price of bitcoin will rise from $300 to $10,000. In 2018, it remains true to their bullish convictions. «By 2022, I think about $250,000 for bitcoin. Believe me, it will happen. They’ll think you’re crazy, but believe me, it will happen, it will be awesome,» he said at Blockparty this year.

What are the pros and cons for players?

 Anonymity. For people hoping to hit the jackpot, this factor can become almost decisive in the choice of format to your gambling adventure. And it’s not just the reluctance to publicize your winnings or to pay a tax to the state. Often we are talking about security. The winners of the regular Fiat lotteries whose names were made public or leaked illegally to the masses, not just robbed, killed , or tried in some way to lure money. In the same betting sites that accepts cryptocurrency, check mostly not required, or takes very little time.

 Speed. A win is instantaneous. If you withdraw Fiat to a Bank card, usually you need to wait up to 5 days, bitcoins you will receive in your wallet instantly.

 The additional payments. You do not need to pay additional Bank fees for transaction.

The disadvantages include the presence of such playgrounds in the grey area with the legislation of many countries. Because of this, in the case of fraud on the part of even tested and recommended by the experts sites, to bring her to justice using the legal tools will be very problematic. In addition, has not been established finally the legal status of such companies, it is difficult to say whether you yourself violate the law by their actions or not? Anyway, it is already clear that in the future the betting crypto-platform will develop as demand for such services is growing steadily.

Источник

Released a new desktop version of the client LND for the main bitcoin network

Developers Lightning Labs has announced the release of LND 0.5 – the latest version of the desktop wallet for Lightning Network.

The client program LND 0.5 is installed on the computer and allows, as the previous version, send BTC to wallets that are not related to bloccano, under the previously confirmed limits of cryptocurrency. When the transactions transactions do not require confirmation miners, therefore, pass immediately and do not load the network.

The main objective of the new release was to ensure application performance for users with the implementation of the Protocol Neutrino in compatibility mode with proposals BIP BIP 157 and 158. Neutrino substantially reduces the load on the CPU and amount of memory necessary for the operation of the Lightning Protocol.

In the new version, in addition to optimize the program to reduce the load on CPU supports incoming connections Tor v2 and v3 added encryption to outbound IP addresses on the same technology.

It should be noted that although the output LND 0.5 marks an important milestone in the development of a Lightning Network, this is still a beta version, so its use is risky due to the possible presence of bugs.

Recall that the previous version of the app LND 0.4 was released in March of this year.

Источник

Omkar Godbole: Bitcoin likely to revert to the January values

According to the analyst CoinDesk Omkara of Godbole, the confirmation of the reversal of the long-term trend of bitcoin prices can be at risk due to serious resistance just above the $4000.

On Saturday, March 16, the first cryptocurrency again successfully tested the level of $4000, somewhat improving the situation of buyers. However, the nearest obstacle that could disrupt change long-term trend can be a $4073 corresponding to the 21-week moving average (MA), which served as solid resistance throughout the past year.

As a result, the price of BTC to correct to levels of support at $3775 and $3658. After that, bitcoin will likely roll back to the January values in the neighborhood of $3300.

However, recently, the price showed clear signs of recovery. For the first time since April last year, the «digital gold» has grown for four weeks. Currently, bitcoin is trading around $3960, at the end of the last seven days the growth rates exceeded 2%.

Weekly chart

On a larger timeframe shows that 21 MA served as support during the bull rally of 2017. Shortly after the reversal of the trend she began with resistance:

Weekly chart of BTC/USD exchanges are Bitstamp from TradingView

Now this line is the dynamic resistance remains on the bearish side, since it is characterized by a negative slope. Again the price is testing the MA 21 and, given the historical data, may soon occur downward correction.

However, if the price in the near future will be able to climb higher than the corresponding MA 21 $4073, it can be considered an early sign of reversal to the longer-term trend. However, as the line still looking South, as further confirmation is needed also the breakout level of $4220.

Daily chart

The daily chart of BTC/USD exchanges are Bitstamp from TradingView

In this timeframe, the picture is more or less optimistic. So, bitcoin is trading above the 100 MA, which is currently moving in the horizontal direction. Also recently there was a bullish crossover of moving averages periods of 5 and 10.

As for the short-term Outlook, analysts Telegram-channel Coin Trade expressed the opinion that soon likely to decline:

The four-hour schedule of unlimited bitcoin swap exchange BitMEX from TradingView

According to them, completes the formation of the figure of «Rising wedge», which speaks of the weakening of the buyers. In addition, locally formed pattern «Double top».



Источник

Visa has a team of crypto-experts

American payment Visa is forming a team which will one way or another connected with the cryptocurrency. This is evidenced by the vacancy posted by the company on the website smartrecruiters.com.

It offers potential Visa applicants to apply for the position of Manager for the technical product in the framework of the «VISA Crypto Team».

«As a product Manager crypto team Visa, the employee will be responsible for the implementation of Visa’s strategy in the cryptocurrency ecosystem,» — says the publication.

Among the requirements for a candidate provided deep knowledge in the field of blockchains with limited access, the presence of experts in the cryptocurrency space and Finance and an understanding of how digital assets can change the existing payment systems.

«Candidate should have significant functional knowledge of the cryptocurrency ecosystem and involved players, including a deep understanding of blockchains that have limited access and deep understanding of existing solutions in the field of retail payments,» writes the company.

Advanced knowledge of cryptography is a plus for applicants for the position.

The duties of Manager VISA Crypto Team associated with the «management strategy and road map in relation to the crypto capabilities», «surveillance of advanced technologies, especially based on the principles of open-source code, and their implementation in own decisions Visa», as well as cooperation with third party companies to ensure the full experience of using the products of the payment system.

At the end of last year it became known about acquisition by Visa of the London financial services company Earthport Plc that uses a Protocol in his Ripple payment network with the aim of increasing the efficiency of transactions.



Источник

Waves has released an update to the node with language support RIDE

Blockchain ecosystem of the Waves Platform has released an update node version 0.17, which the test became available online the programming language RIDE for dApps. About this magazine ForkLog said the representatives of the company.

One of the characteristics of the language is to protect developers from possible errors in the programming process, enabling them to spend many hours to fix bugs. The language of RIDE is not a complete Turing.

«Understanding the vulnerabilities and problems of functioning in extreme conditions Ethereum, Waves always believed that Turing completeness is not required for computation on the blockchain. If you want to fully Turing computation can be obtained by post on different consecutive blocks. Thus, the RIDE offers a flexible yet secure solution for computing on the blockchain», – says Alexander Ivanov, founder and CEO of the Waves Platform.

Update RIDE for dApps will allow developers to create full applications for Web 3.0 on the blockchain Waves. RIDE for Dapps will provide the account the ability to add programmable functions which allow you to:

  • make the payments;
  • to change the state of the account;
  • send account WAVES or other tokens.

To initiate a request the development team Waves added new command: InvokeScriptTransaction. It should be recorded in the blockchain, to call the function, for which the sender pays the miner fee for its performance in WAVES, or other tokens. Thereafter, the contract status can be changed and to make multiple payments.

«The existing mechanics of authorization scripts will be supported feature account @Verifier. It can be understood as a function of «administrator» for one or more contract owners. Contract, contract data and contract tokens by default are controlled by the private key to the account. It is also possible to control multipoles. If the value of @Verifier always turns out to be false, the contract is «sealed»», — said the developers.

We will remind, earlier in March, Waves Platform relaunched its website and announced the movement toward Web3.0.


Источник