Spanish Central Bank Governor Believes Crypto Brings More Risk Than Benefit
The governor of the Bank of Spain has come out in favor of the possibilities of blockchain, but against the risks of cryptocurrencies, local news outlet Europe Press Financial reports Wednesday, May 23.
Luis María Linde referred to blockchain as a technology that “offers interesting possibilities,” but is yet “not quite mature” in a speech at a meeting of leaders of the financial sector organized by Deloitte and two Spanish organizations. Linde notes that the current global move to a digital economy requires regulators to encourage innovation without bringing the risks beyond “reasonable limits:”
“The move to a more digital economy is accompanied...
Crowdholding Connects to Blockchain – Releases Automatic Cryptocurrency Transfers
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.
Bitcoin Press Release: Crowdholding announces major updates, including Blockchain synergies to facilitate automatic cryptocurrency transfers.
May 22nd 2018, Prague, Czech Republic – Crowdholding’s platform upgrades and now YUP token payments are on the Ethereum Blockchain. Users can now instantly withdraw tokens earned as a reward for co-creating with businesses. More than 25 blockchain startups, including established ones such as Deep Onion, Intelligent Trading Foundation, and Peculium, award tokens for bounties on Crowdholding.
Ethan Clime, CEO of Crowdholding commented;
“We are on the verge of connecting users and businesses through smart contracts in a trusted and transparent environment, allowing tokens to seamlessly move from our clients to users through the Ethereum blockchain network.”
What is the YUP token?
The YUP token is built on the Ethereum platform and is used to access the Crowdholding ecosystem. Soon users will be able to use YUP to invest, purchase products and services. Businesses invest YUP and other ERC20 tokens to manage ideas and bounty campaigns as well as co-create with the community. As the interests of everyone are aligned, the larger the ecosystem, the more liquid and valuable YUP becomes. In the next few months we aim to grow...
Experimental Voting Effort Aims to Break Ethereum Governance Gridlock
When people think of ethereum, they generally think also of the protocol's developer Vitalik Buterin, now - off his creation - a multi-millionaire.
No doubt, Buterin is a leader of sorts for the community, even if decision-making is somewhat decentralized. And above that, ethereum's most active developers have a significant amount of say in the direction of the technology.
Recently, however, the protocol's decision-making has been called into question as a series of controversial proposals have arisen - be it the development of new forms of mining hardware or the recovery of lost funds due to various vulnerabilities.
As the community debates the various pros and cons of such proposals, Buterin has begun working with economics researcher Dr. Glen Weyl to experiment with the idea of enabling a new kind of voting for the ethereum users. In a blog post announcing the collaboration on May 21, Buterin described how ideas from Weyl's recent book, "Radical Markets," could help address these governance challenges and coordinate solutions for contentious issues.
Speaking to CoinDesk, Weyl, who received a Ph.D. in economics at Princeton University and is now a researcher at Microsoft, explained that quadratic voting aims to focus voters on issues they are passionate about and educated on. Rather than votes being distributed equally across participants, users can purchase extra votes to have a greater say in certain issues.
"The idea is it allows people to express how important things are to them, and not just which direction they feel about it," Weyl said.
The collaboration comes at a time when other ethereum researchers have banded together in an effort to come up with ways to better measure community sentiment.
And although Buterin wasn't directly involved in those meetings, in the blog post, he noted his belief that existing proposals for decentralized decision-making either put too much authority into the hands of those who own ether or, in trying to reach a larger pool of stakeholders, are vulnerable to attack by fake accounts and malicious actors trying to sway the vote.
As such, Buterin and Weyl write, the quadratic voting proposal is a more "moderate alternative" to other forms of decentralized governance.
Weyl told CoinDesk:
"[Quadratic voting] allows for decisions to be made for the greatest number of people."
Connecting communities
The duo's post on the matter seems aligned with an announcement made earlier this month by Virgil Griffith from the Ethereum Foundation, the not-for-profit that funds ethereum-related research, that it was seeking applications for projects wanting to test experiments based on Weyl's theories.
Prior to fully fledged announcements, however, Buterin and Weyl's blog post hints at ways the method could occur.
"Citizens can use a (possibly artificial) currency to buy votes at the cost of the square of the votes bought on...
South Africa: Gang Kidnaps 13 Year Old Boy, Demands Ransom of 15 Bitcoins
The kidnappers of a 13-year-old boy in South Africa have demanded a ransom of 15 bitcoins (BTC) - around $120,000 - for his release, The Guardian reported Tuesday, May 22.
Local police stated that on Sunday, May 20, three gang members pulled up in a car near to where the teenager, Kathlego Marite, was playing with two friends close to his home in the town of Witbank. Witnesses said the men dragged him into the vehicle, leaving their ransom note at the scene. The “non-negotiable” note reportedly threatens to kill the boy if the demands are not met, with the first deadline for payment passing...
Ligercoin – A Winning Blend of the Casino Industry and Blockchain Technology
Join our community of 10 000 traders on Hacked.com for just $39 per month.
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.
Bitcoin Press Release: Ligercoin has announced a groundbreaking combination by bringing together two Giants: The established Gaming Community and revolutionary blockchain technology.
May 22nd, 2018. St. Juliens, Malta. The cryptocurrency world has seen a rollercoaster ride in the past year. This included Crypto Exchange crashes, Bitcoin rises and slumps, wallet hacks and what not. Though the market cap as a whole has been increasing over the years, Bitcoin’s exclusive dominance to the % of Market cap is getting reduced by the new revolutionary cryptocurrencies.
About 303 token sales have taken place this year already, which surpasses the 210 token sale count of 2017. Only 48% of these have been successful. All this has obviously made it crucial for the market to have a more stable backdrop. This market opportunity was seen and has been successfully met with a revolutionary new cryptocurrency known as Ligercoin.
What is Ligercoin
Ligercoin is a cryptocurrency that is based on the Ethereum blockchain and is powered by Smart Contracts. It helps users to gamble safely in both offline and online Casino and Fantasy League platforms, and Live Betting Websites.
The Current Market Scenario
Ligercoin aims to disrupt the market of Offline and Online Casinos, Fantasy Sports Portals, and Live Betting Websites. This places Ligercoin in a big industry that is continuously growing.
The Offline Casino market is evaluated at approximately $240 Billion with about 7000+ Casinos around the world. This is expected to grow at a CAGR of 6.8%. On the other hand, the Online Casino marketplace is considered to reach a potential of $100 Billion in the coming 5 years with a CAGR...
Norway's Central Bank Mulls Digital Currency as Cash Use Declines
Norway's central bank is preparing for a future in which it might issue a digital currency amid a slump in cash usage in the country.
Looking into the possibility, a working group at Norges Bank has released a report titled "Central Bank Digital Currencies," which explains that, as citizens turn away from physical forms of money, the bank must consider "a number of new attributes that are important for ensuring an efficient and robust payment system."
Already, the country's DNB bank has stopped handling cash, with Trond Bentestuen, group executive vice president of wealth management and insurance at the bank, telling local media as far back as 2016, that only 6 percent of Norwegians use cash on a daily basis.
Further, Jon Nicolaisen, deputy governor of Norges Bank, stated in a speech last April that the role of cash "continues to diminish" as consumers move towards electronic payments, adding that "For many consumers, electronic central bank money could provide an...
Trade Recommendation: Populous
The Populous/Bitcoin (PPT/BTC) pair launched its uptrend on January 7, 2018 when it took out resistance of 0.0032. This triggered the cup and handle reversal pattern on the daily chart. The breakout attracted so much momentum that the pair quickly became parabolic. With its supercharged velocity, PPT/BTC skyrocketed to 0.007901 on January 31. In less than a month, the market rose by almost 147%.
At this price point, the pair was in extreme overbought territory. Those who bought the breakout took the opportunity to lock in gains. This ignited a massive selling frenzy that drove the pair down to 0.0015159 on March 9.
The higher the climb, the greater the fall. This is what often happens to any asset that goes parabolic.
Fortunately for bottom pickers, PPT/BTC rallied to slightly over 0.0032 resistance on April 17. While the market has been pulling back since, it appears that bulls are beginning to make their presence felt.
Technical analysis reveals that Populous/Bitcoin is carving a bullish higher low setup at 0.0017. Volume began to spike on May 15 when the pair hovered above this level and it remained elevated for the next seven days. This tells us that bulls are ready to buy positions at higher price point. More importantly, PPT/BTC managed to stay above 0.0017 even in the midst of intense selling pressure.
The strategy is to bottom fish the market and buy as...
Intiva Health Verified ICO
Project Introduction: Intiva Health is an integrative platform for healthcare professionals. We automate administrative tasks and increase productivity with the fastest, most secure credentialing solution to date. Intiva currently works with thousands of medical professionals, numerous facilities, and key partners to automate costly and inefficient administrative tasks. We’ve incorporated Hashgraph decentralized ledger technology to redefine the medical credentialing process and create a solution that will instantly verify providers’ credentials—cutting months worth of processing time to a matter of seconds.We also offer free HIPAA compliant messaging, along with a comprehensive online library of CME/CE courses, and a robust job search engine tool.
The Intiva Token (NTVA) serves the medical industry and incentivizes healthcare professionals to use the lntiva Health...
Industria
Ethersoft, an established crypto mining and service company in South Yorkshire, United Kingdom. We have been offering cryptocurrency services and mining contracts for Bitcoin and Ethereum to the public for the past 12 months with great success. We now look to expand our operations through organizing and implementing an ICO – launching the ERC20 “Industria” Token. We have worked hard on developing our brand “Ethersoft”. We are a transparent company that encourages all clients to come see our operation and meet our team. We have conducted major media campaigns in South Yorkshire and have had excellent results from our efforts. We have a dedicated team of professionals to lead Ethersoft with the launch of the “Industria” Token. Our Vision At Ethersoft, we believe in turning renewable energy into Cryptocurrency by means of Cryptocurrency mining. Cryptocurrency mining is highly profitable when done on a large-scale basis and it is essentially the process of turning electricity into digital assets. In today’s environment, Cryptocurrency mining is done globally. What we offer is an eco-friendly, more profitable and a renewable powered form of Cryptocurrency mining.The TechnologyThe technology is simple, controllable and has an excellent record of accomplishment. Not only is mining crypto currencies with renewable energy ecologically friendly, but it is also more profitable. Ethersoft mines all scalable and profitable Cryptocurrencies. The decision as to what secondary currencies to mine will be made by automated algorithms. These will choose the most profitable option available at any moment. Ethersoft is also flexible about the mining pools it uses, depending on payouts and liquidity among other factors.Our approach is simple, by utilizing renewable energy as a major energy source for our mining operations, our savings will be tremendous. What we save with renewable energy will be passed on to our miners, making Ethersoft one of the most profitable mining operations within the UK. Why Industria Will Be a Successful TokenThe key to a successful ICO is to have an ecosystem in place that the Tokens created by the ICO will be used in to buy services and trade goods. This will produce a value and usage for the Token.Value is determined by the amount of people within the ecosystem and outside of the ecosystem that will utilise the currency for buying and trading. This provides a demand for the Token, which in turn adds a value to the Token.We at Ethersoft already have the ecosystem in place with our current mining operation and the services we offer. Our Industria Token is a collateralized Token, meaning Industria is secured with assets (mining equipment, coins mined, renewable energy equipment, and land/building). These factors provide the Token with a real-world value.The Token will be used as a currency within the Ethersoft ecosystem to purchase services; such as mining packages, exchange services and merchant accounts. Clients must first purchase Tokens in order to purchase Ethersoft services.As the cost of mining altcoins increases, the value of the Tokens will also increase. As Ethersoft expands operations, the Token will increase in value due to additional mining and renewable equipment backing the Token.We expect that within 12 months from the ICO launch, Industria will be actively trading on most platforms.https://i.imgur.com/Tu2Cv7O.pngThe TeamThe team of Ethersoft amplifies success. With a wide range of talents, years of combined experience and a driven desire to win, Ethersoft’s team is ready for any challenge.Nicholas Green – Managing Director – Chief Financial OfficerNicholas has 8 years business experience within the finance and energy industry. For 5 years Nicholas...
Helium (HLM)
About Helium:
The Internet of Things is an $800 billion industry, with over 8.4 billion connected devices online, and spending predicted to reach nearly $1.4 trillion by 2021. Most of these devices need to connect to the Internet to function. However, current solutions such as cellular, WiFi, and Bluetooth are suboptimal: they are too expensive, too power hungry, or too limited in range.Helium is a decentralized machine network that enables machines anywhere in the world to wirelessly connect to the...