- Today’s main news: Robinhood offers free stock for new crypto trade signups. Microsoft embraces decentralized blockchain-based identity systems. Ethereum intros its own identity standard. ETHLend changes crypto lending terms. Modex to launch first multi-protocol app store for blockchain.
- Today’s main analysis: JPMorgan says bitcoin could be cut in half. Red Pulse intros first NEO-based token on Binance.
- Today’s thought-provoking articles: Ripple CEO calls cryptocurrencies assets, not currencies. Blockchain’s pros and cons. How blockchain can transform international copyrights. 10 crypto business ideas that grow quicker than BTC. How crypto is changing the IT industry. The wealthiest cryptocurrency owners in Canada.
- Robinhood offers free stock to compete with Binance, Coinbase. AT: “I wonder how they decide who gets which stocks? It’s an interesting way to attract new investors.”
- Microsoft embraces decentralized blockchain-based identity systems. AT: “I wonder if this is how users will sign into their computer desktops in the future? Imagine Windows 13 having a blockchain-based login instead of your password login.”
- Ripple CEO says cryptos are assets, not currencies. AT: “I think there is almost universal agreement on this. At least, most crypto insiders are referring to cryptocurrencies as either storers or creators as value–in other words, an asset. Still, as long as they can be traded for other assets of value, they have some currency-like qualities.”
- Pros and cons of blockchain. AT: “The idea of cartels is interesting. But I would say anywhere individuals have the freedom to make associations, there is the potential to create a cartel.”
- Blockchain regulation is inevitable.
- JPMorgan’s bitcoin bible.
- Bitcoin rebounded 50%, but no one knows why.
- The next bitcoin bull run is in two weeks, says Pantera founder.
- JPMorgan warns that bitcoin could be cut in half. AT: “Naysayer, soothsayer, or cryptosayer?”
- Why you shouldn’t be worried about the great crypto sell off.
- Bitcoin investors aren’t paying taxes.
- Is Darknet done with bitcoin?
- Everipedia raises $30M.
- Blockchain-based Internet computer gets $61M from Andreessen Horowitz, Polychain.
- Winding Tree’s travel industry technology.
- Blockchain’s promise for trucking.
- How blockchain is shaking up logistics.
- The first real estate-backed cryptocurrency.
- PumaPay protocol and crypto payments.
- RealBlock brings blockchain to real estate.
- Exodus Wallet warns about email impersonation scam.
- Why token and ICO teams should change hiring tactics.
- SEC refuses request for Tezos information.
- Petition calls for SEC to allow for ICO remediation.
- Unilever unveils blockchain for ad spending.
- Blockchain for higher education.
- Can the blockchain kill cable TV?
- LeadCoin for web marketing.
- Lawmaker wants to form bitcoin disclosure guidelines.
- Arizona bill for crypto tax payments getting close to passing.
- Ethereum to introduce its own identity standard. AT: “This absolutely makes sense, and if used with smart contracts, it could be a very powerful identity standard.”
- Cryptos launder 3% to 4% of illegal money.
- France, Germany call for global cryptocurrency crackdown.
- European Central Bank authority says blockchain is inferior.
- Irish banks monitor bitcoin credit card purchases.
- ETHLend encourages digital currency with change in terms.
- How blockchain can transform international copyrights. AT: “It’s possible the blockchain could solve 90% of international intellectual property theft.”
- 10 awesome crypto business ideas.
- Modex releases first multi-protocol app store for the blockchain.
- How cryptos change the IT industry.
- 5 ways blockchain changes innovation.
- Blockchain used for oil and gas.
- Nvidia CEO says the world coming to terms with crypto.
- Exenium starts ICO with bonus for early adopters.
- Citizens seek alternative economy solutions with cryptocurrencies.
- Trends shaping the ICO economy.
- Red Pulse is the first NEO-based token to trade on Binance.
- IOTA creates digital identification cards for Taipei citizens.
- Crypto speculators destroy innovation, says Singapore central bank executive.
- Macau crypto exchange warned by Japan regulator.
- Bangkok firm to issue ICO in Philippines.
- MENA: Dubai intros first digital currency cold storage vault.
- MENA: Consumers wary of buying real estate with digital currencies.
- Russia: Telecom Ministry wants to accredit ICO organizers.
- Russia: Crypto traders have a suicide hotline.
- Latin America: Polymath partners with Agrello, IdentityMind Global on AML, KYC.
- Canada: Canada’s wealthiest cryptocurrency owners.
- Canada: Speed skater becomes first athlete to be paid with cryptocurrency.
- United States
- Crypto Finance Exchange Robinhood Aims To Pierce Heart Of Coinbase And Binance (CryptoDaily), Rated: AAA
- Microsoft To Embrace Decentralized Identity Systems Built On Bitcoin And Other Blockchains (Forbes), Rated: AAA
- Ripple CEO Says Digital Currencies are More ‘Asset’ Than ‘Currency’ (Coinsquare), Rated: AAA
- The good and bad of blockchain (Chicago Booth), Rated: AAA
- Blockchain Regulation Is Inevitable, But It’s Also Good for Business (TheStreet), Rated: A
- JPMorgan’s ‘Bitcoin Bible’: Cryptocurrencies here to stay (Fox Business), Rated: A
- Bitcoin Just Rebounded 50% and No One Knows Why (Money), Rated: A
- Next Bitcoin Bull Run to Occur in 2 Weeks: Pantera (Investopedia), Rated: A
- JPMORGAN WARNS: There’s a ‘fairly high risk’ bitcoin could get cut in half (Business Insider), Rated: AAA
- Here’s why you shouldn’t be worried about the big selloff in crypto (Business Insider), Rated: A
- Bitcoin Investors Aren’t Paying Their Cryptocurrency Taxes (Fortune), Rated: A
- Is Darknet Done With Bitcoin? (CoinTelegraph), Rated: B
- Everipedia Raises $ 30m in Series A Funding (Finsmes), Rated: A
- Four ways to invest in blockchain ranked from riskiest to safest (Hackernoon), Rated: A
- Blockchain-Based ‘Internet Computer’ Gets $ 61M from Andreessen Horowitz and Polychain (Investopedia), Rated: A
- What Winding Tree’s ICO And Its Blockchain-Based Technology Mean To The Travel Industry (Forbes), Rated: A
- Blockchain’s Promise for Trucking (Transport Topics), Rated: A
- How Blockchain Technology is Shaking Up the Logistics Industry (CryptoSlate), Rated: A
- The first real estate-backed cryptocurrency is here (The Real Deal), Rated: A
- PumaPay Protocol Brings Blockchain And Crypto Payments To E-Commerce (Forbes), Rated: B
- Arizona-based RealBlock brings blockchain to real estate (AZ Big Media), Rated: A
- Exodus Wallet Warns of Email Impersonation Scam (cryptovest), Rated: A
- Why Token and ICO teams need to change their hiring tactics (Hackernoon), Rated: A
- SEC Refuses Request For Information On Disputed Tezos ICO In Ongoing Lawsuit (CoinTelegraph), Rated: A
- Petition Calls for SEC to Allow for ICO Remediation (CoinDesk), Rated: A
- Unilever Unveils Blockchain, Threatens Billions In Ad Spend (Mediapost), Rated: A
- Higher Education Joins the Blockchain Party (EdSurge), Rated: A
- Will Blockchain Technology Finally Kill Cable TV? (NASDAQ), Rated: A
- LeadCoin: Connecting the World of Digital Currency to Web Marketing (TechBullion), Rated: B
- U.S. Lawmaker Wants Ethics Committee to Form Bitcoin Disclosure Guidelines (Bitcoin.com), Rated: B
- Arizona Accepts Crypto For Tax, Google Rumored With iMessage Competitor, HomePods Sound Good (Enterprise Irregulars), Rated: B
- United Kingdom
- London needs to embrace blockchain post-Brexit for the next ‘Big Bang moment’ (Business Insider), Rated: AAA
- This App Gives Recyclers Digital Currency Rewards (psfk), Rated: A
- European Union
- Ethereum aims to introduce its own identity standard: ERC 725 & 735 (finder), Rated: AAA
- Europol: Cryptocurrencies Help Launder 3% to 4% of Illegal Money (cryptovest), Rated: AAA
- FRANCE & GERMANY ‘THREATENED’ BY BITCOIN, WANT GLOBAL CRYPTO CRACKDOWN (Bitcoinist), Rated: A
- ECB’s Yves Mersch Labels Blockchain an Inferior Payment System (The Merkle), Rated: A
- Irish banks monitoring bitcoin buys on credit cards after UK bank brings in ban (The Journal.ie), Rated: B
- ETHLend alters terms to encourage use of its own digital currency (P2P Finance News), Rated: AAA
- How Blockchain Just May Transform Online Copyright Protection (Above the Law), Rated: AAA
- 10 Awesome Cryptocurrency Business Ideas to Grow Quicker than BTC (The Merkle), Rated: AAA
- Modex Is Releasing The World’s First Multi-Protocol App Store For The Blockchain, Before Much-Awaited ICO (CoinTelegraph), Rated: AAA
- How Cryptocurrencies are Changing the IT Industry (InfoQ), Rated: AAA
- 5 Ways Blockchain Is Changing The Face Of Innovation of 2018 (Forbes), Rated: A
- Blockchain Technology Officially Enters the Oil and Gas Industry (CCN), Rated: A
- World Coming to Terms with Cryptocurrencies, Says Nvidia CEO (cryptovest), Rated: A
- Exenium Starts Initial Token Offering with Lucrative Bonus for Early Adopters (Use the Bitcoin), Rated: B
- Cryptocurrencies: with inequality rising, citizens seek out alternative economy solutions (Open Democracy), Rated: A
- 7 Trends Shaping the Evolving ICO Economy (CoinDesk), Rated: B
- Rules on cryptocurrencies should be out soon: Sebi chief (livemint), Rated: AAA
- Leverage the Opportunity of ICO Voting on CoinMarketPlus.com (Broadway World), Rated: A
- Red Pulse (RPX): The First NEO-Based Token on Binance Trades Live (cryptovest), Rated: AAA
- IOTA (MIOTA) Is Creating Digital Indentification Cards For Taipei Citizens (The Independent Republic), Rated: A
- Cryptocurrency speculation could ‘destroy’ innovation, Singapore central bank exec says (CNBC), Rated: A
- Macau cryptocurrency exchange hit with warning in Japan (Nikkei Review), Rated: B
- Bangkok-based firm plans initial coin offering in the Philippines (Rappler), Rated: B
- World’s first digital currency ‘cold storage’ vault launches in Dubai (The National), Rated: AAA
- Consumers wary of using cryptocurrencies to buy real estate (The National), Rated: A
- Russian Telecom Ministry suggests introducing accreditation for ICO organizers (TASS), Rated: AAA
- Suicide Hotline Opens in Moscow for Cryptocurrency Traders (NewsBTC), Rated: A
- Latin America
- Security token issuance platform Polymath announces new partnerships (Bankless Times), Rated: AAA
- The Wealthiest Digital Currency Owners in Canada, According to Forbes (Coinsquare), Rated: AAA
- Canadian speed skater the first athlete to get paid in cryptocurrency (WGN9), Rated: A
Crypto Finance Exchange Robinhood Aims To Pierce Heart Of Coinbase And Binance (CryptoDaily), Rated: AAA
In a bold move to attract United States crypto investors into the stock market game, Robinhood; a traditional stock trading app for iOS and Android entered the crypto market to compete with the likes of Coinbase and Binance. The stock-trading platform currently allows crypto trades and shows real-time crypto prices for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and about a dozen other altcoins. To help stay competitive, Robinhood is offering people who sign up with their referral link a free stock. Some of the stocks up for grabs include Apple, Ford, AMD, Microsoft and Sprint and range in values up to $500 according to the stock trading platform.
Microsoft To Embrace Decentralized Identity Systems Built On Bitcoin And Other Blockchains (Forbes), Rated: AAA
In a new post today, Microsoft announced their embrace of public blockchains, such as Bitcoin and Ethereum, for use in decentralized identity systems. Initially, the longtime tech giant will support blockchain-based decentralized IDs (DIDs) through the Microsoft Authenticator app.
Identity is one of the long-touted use cases of blockchain technology that does not have anything to do with payments or currency. In today’s post, Microsoft points to Bitcoin, Ethereum, and Litecoin as three specific platforms that are suitable foundations for DIDs.
Microsoft plans to work with DID method implementations, which follow a specific standard outlined by a W3C working group. However, the tech giant has not disclosed specific DID method integrations at this time.
During the Yahoo Finance All Markets Summit, Ripple CEO Brad Garlinghouse expressed his belief that digital currencies are less of a ‘currency’ than some proponents might argue.
Instead, Garlinghouse views XRP as an asset tied to its functionality and application as a solution for issues in the real world.
“These are digital assets,” he added. “If the asset solves a real problem for a real customer, then there’ll be value in the asset.”
The good and bad of blockchain (Chicago Booth), Rated: AAA
But there’s a drawback: blockchains have the potential to increase collusion, according to Chicago Booth’s Lin William Cong and Zhiguo He. The researchers’ modeling, part of their research into how blockchains might affect competition, suggests that the way blockchains work as a decentralized ledger involves distributing more information, which could make it easier for competitors to quietly and often tacitly collude to keep prices high, ultimately to the detriment of consumers.
There is no official count of Bitcoin miners, and estimates by currency watchers range widely, from 5,000 to 150,000 around the world. The fact that every miner holds an up-to-date record of the chain adds to the technology’s robustness.
However, the researchers identify a potential trade-off to these advantages: the possibility of cartel risk. Blockchains won’t necessarily lead to cartels, but Cong and He point out that cartels could arise in certain conditions.
Blockchain Regulation Is Inevitable, But It’s Also Good for Business (TheStreet), Rated: A
So the question remains: who will take control in this new regulatory environment to decide the protocol moving ahead?
According to Estes, most regulation will be use-based for blockchain applications. It’s not likely there will ever be one overarching, omnipotent regulator with all of blockchain’s vast applications in its purview. Instead, Estes noted, “it very much depends on how you apply the technology.”
JPMorgan’s ‘Bitcoin Bible’: Cryptocurrencies here to stay (Fox Business), Rated: A
JPMorgan Chase (JPM) CEO Jamie Dimon has sure come a long way on his bitcoin stance — by first calling the cryptocurrency a “fraud” to saying “blockchain is real” to now releasing what some are calling the “Bitcoin Bible” for investors — all in less than five months’ time.
The 71-page pamphlet, which was released Monday, details everything from the technology of cryptocurrencies, to their applications and challenges.
Bitcoin Just Rebounded 50% and No One Knows Why (Money), Rated: A
The wild ride continues for Bitcoin investors. Bitcoin dropped below $6,000 last week, roughly 70% below its all-time high in December. Since then, the cryptocurrency surged 50%, topping $9,000 over the weekend.
In other words, the value of cryptocurrencies is dictated by the whims of the marketplace.
Next Bitcoin Bull Run to Occur in 2 Weeks: Pantera (Investopedia), Rated: A
In an interview with CNBC, Pantera Capital founder and Chief Executive Officer Dan Morehead made bullish calls on bitcoin and the cryptocurrency market in general, suggesting that despite a decline that coincided with a larger market sell-off, the digital currency space is back on track to rake in returns for investors.
The hedge fund CEO also said that bitcoin has had an average bear market of 71 days, and that the current cycle is in its 52nd day.
JPMORGAN WARNS: There’s a ‘fairly high risk’ bitcoin could get cut in half (Business Insider), Rated: AAA
Now, conditions may be forming for a sell-off towards $4,605, according to chart-readers at JPMorgan. That would be a nearly 50% decline from its current price of $8,682 a coin.
Bitcoin’s recovery from a low above $5,900 earlier this month was “impressive,” according to the bank. Still, JPMorgan sees a “fairly high risk” of a sell-off towards the $4,605 level if the digital currency doesn’t break through its resistance level between $10,128 and $10,776.
Here’s why you shouldn’t be worried about the big selloff in crypto (Business Insider), Rated: A
In all the discussions I was a part of, people simply referred to the recent market correction (from a market peak value of US$825 billion to as low as US$280 billion in the space of a month) as a matter of fact… as though it were an everyday occurrence.
In the nine years since bitcoin was born, there have been nine major corrections (two of them being over 90 percent!).
Bitcoin Investors Aren’t Paying Their Cryptocurrency Taxes (Fortune), Rated: A
Early data from one popular tax preparation service shows that only a minuscule proportion—just .04%—of U.S. tax filers have reported their cryptocurrency gains and losses to the Internal Revenue Service so far this year. That’s far fewer than the 7% of Americans who are estimated to own Bitcoin or another cryptocurrency, and who are likely to owe taxes to the IRS on those investments.
While it’s still early in tax season—at last count, the IRS had received only 18.3 million individual tax returns so far this year, or some 13% of the total expected this tax season—cryptocurrency investors still seem disproportionately reluctant to report their earnings. (Read our guide on how to pay Bitcoin taxes here.)
Is Darknet Done With Bitcoin? (CoinTelegraph), Rated: B
A new study by Recorded Future has found that Bitcoin is losing its position as the number one currency on the Darknet markets. The Internet tech company analyzed 150 of the most active message boards, marketplaces, and illicit service providers and noticed that the Darknet communities sentiments toward Bitcoin have taken a turn.
Everipedia Raises $ 30m in Series A Funding (Finsmes), Rated: A
Everipedia, a Los Angeles, CA-based online publicly editable, free content encyclopedia, raised $30m in Series A funding.
The round was led by Galaxy Digital’s EOS.IO Ecosystem Fund.
Four ways to invest in blockchain ranked from riskiest to safest (Hackernoon), Rated: A
1. Invest in coins and tokens
It’s hard to argue against 10,000% returns except for that one counterargument — that those returns were invested 10,000% ago.
2. Invest in startups that exploit blockchain technology
A lot of blockchain startups are just startups using blockchain to produce coins, tokens, or some way to transfer coins or tokens from someone to someone for some purpose.
3. Invest in publicly traded blockchain ETFs
A relatively new concept, there are a number (at least four when I wrote this) publicly traded ETFs that purport to track blockchain companies. This means they’re a basket of publicly traded stocks of companies that are using blockchain or are related to the use of blockchain and cryptocurrencies.
There are no 10,000% returns here, but at least you’re dealing with garden-variety danger.
4. Invest time in learning blockchain development
Don’t get mad at me for being entrepreneur-guy here, but this is your best bet. Low risk, high potential returns, true blockchain, totally manageable.
Blockchain-Based ‘Internet Computer’ Gets $ 61M from Andreessen Horowitz and Polychain (Investopedia), Rated: A
Blockchain is now being used to build an “Internet computer.”
Top Silicon Valley venture capital firm Andreessen Horowitz and Polychain Capital, a cryptocurrency hedge fund, have invested $61 million in Dfinity Foundation, a firm that intends to connect multiple computers together using blockchain to build an “Internet” computer.
What Winding Tree’s ICO And Its Blockchain-Based Technology Mean To The Travel Industry (Forbes), Rated: A
The Internet was supposed to level the playing field and disrupt monopolies. Today, Expedia and Priceline control 95% of the US Online Travel Agency (OTA) market. Just three travel companies (Amadeus, Sabre, and Travelport) own at least 90 percent of the Global Distribution Systems market share.
If their vision succeeds, travelers and travel service providers (e.g., hotels, airlines, tour guides) will split the billions of dollars that travel middlemen currently take. Translation: lower prices for the traveler and higher profits for the entities that actually deliver the service to the customer.
Blockchain’s Promise for Trucking (Transport Topics), Rated: A
Some practical business applications for blockchain include freight contracts, invoices and payment, tracking proof of delivery, monitoring driver hours-of-service information and sharing vehicle data such as component warranties and maintenance histories.
Companies might also use blockchain to document compliance with food transportation requirements under the Food Safety Modernization Act.
In the future, shippers and carriers might place and accept bids on load boards built on blockchain networks.
But for blockchain to take hold in the transportation business, the industry will need to develop standards for the technology.
How Blockchain Technology is Shaking Up the Logistics Industry (CryptoSlate), Rated: A
Fictitious pickups account for almost 10% of all cargo thefts, amounting to an estimated $150,000,000 losses to the industry each year. And that is just the Fictitious pickups, overall cargo thefts are costing the industry anywhere between $15 billion to $30 billion a year.
These losses are adding on roughly 20% in costs to the end consumer.
By using smart contracts companies will be able to automate the purchasing process thus cutting costs and saving time. Companies are also able to improve the transaction flow and secure the supply chain.
They do this by attributing a tag to each product which enables you to secure your supply chain in the blink of an eye.
Right now it is estimated that 6 out of 10 major companies are currently researching ways in which they can apply blockchain technology to their businesses.
The first real estate-backed cryptocurrency is here (The Real Deal), Rated: A
El Segundo-based startup Aperture Real Estate Ventures plans to launch a real estate-backed cryptocurrency by the end of February.
When an investor buys Aperture’s so-called Property Coin, the person is buying into a fund backed by the company’s fix-and-flip portfolio.
PumaPay Protocol Brings Blockchain And Crypto Payments To E-Commerce (Forbes), Rated: B
PumaPay is an open source blockchain-based billing protocol that wants to provide merchants with a comprehensive solution to process crypto payments.
Arizona-based RealBlock brings blockchain to real estate (AZ Big Media), Rated: A
RealBlock, an Arizona-based real estate blockchain company, announced that Title Security of Arizona has agreed to incorporate RealBlock’s blockchain enterprise into its day-to-day operation. RealBlock expects to unleash the key attributes of blockchain on to the transaction-heavy real estate industry.
Exodus Wallet Warns of Email Impersonation Scam (cryptovest), Rated: A
Exodus wallet, one of the closed-source wallets offering a built-in exchange, has become the target of scammers.
Users of the Exodus wallet should not share their private keys, or 12-word seed phrase.
Why Token and ICO teams need to change their hiring tactics (Hackernoon), Rated: A
Early-stage startups who have raised a few hundred thousand dollars are a different beast. The team you need for this stage of the company is likely to look different to the team you need when you’ve got $30M to spend on accelerating growth.
Crypto companies fall somewhere between this rock and hard place. They have the makings of a pre-product early-stage startup, but bankrolled like a Series A or B company. They have a few founders, little to no technology, no product and certainly no customers.
SEC Refuses Request For Information On Disputed Tezos ICO In Ongoing Lawsuit (CoinTelegraph), Rated: A
The U.S. Securities and Exchange Commission (SEC) declined to provide information on Blockchain project Tezos requested by attorney David Silver via the Freedom of Information Act (FOIA), Reuters reported Feb. 10.
Petition Calls for SEC to Allow for ICO Remediation (CoinDesk), Rated: A
The Securities and Exchange Commission (SEC) should give past initial coin offering (ICO) organizers the chance to seek remediation in light of possible violations, according to a petition filed with the agency last month.
The petition was penned by Liquid M Capital, a broker-dealer and fintech firm acquired by Templum earlier this month. Dated January 23 and received by the agency three days later, it was signed by Liquid M CEO Vincent Molinari and Templum CEO Christopher Pallotta.
Unilever Unveils Blockchain, Threatens Billions In Ad Spend (Mediapost), Rated: A
Unilever — which owns popular brands including Dove — spent about $9.8 billion in 2017 on marketing and advertising, with about a quarter in digital.
Higher Education Joins the Blockchain Party (EdSurge), Rated: A
At an EdSurge meetup hosted on February 7 in Berkeley, three panelists gave their thoughts on how blockchain might be implemented in higher-ed, and shared the risks that those experimenting in the space must prepare for. Joining us were Phil Komarny, VP of innovation at Salesforce; Aparna Krishnan, a UC Berkeley student and a leader of the Blockchain at Berkeleystudent group; and Roberto Santana, advisor to product and strategy at BitDegree.
Komarny, formerly the Chief Digital Office at the University of Texas, kicked off the event explaining why some higher-ed leaders are thinking of applying blockchain technology to credentialing.
Will Blockchain Technology Finally Kill Cable TV? (NASDAQ), Rated: A
Now, a new set of video services that are built on blockchains are eyeing the cable industry for disruption. Can blockchain-based video platforms do what Netflix couldn’t and make cable TV a thing of the past?
Using a decentralized video streaming service, such as Viewly orLivepeer , anyone can create and distribute content with little overhead. This model empowers content producers to generate custom content that a service like Netflix would not distribute.
LeadCoin: Connecting the World of Digital Currency to Web Marketing (TechBullion), Rated: B
And that technology is known as “Blockchain”. This technology handles most, if not all, digital currencies and assets, and since its introduction has in its own innovative way made life easier for a lot of people. Now, it’s trying to help businesses in finding leads. How? The answer is LeadCoin.
Leads are generated in these simple steps:
- A potential lead gets in contact with a business that offers a product or service they are interested in
- If the business cannot convert the buyer to a paying customer, they upload the lead to LeadCoin so that other businesses on can purchase it
- The matching algorithm on LeadCoin will then scrutinizes the lead before matching it to other businesses.
- A business that can convert the lead to a paying customer acquires it and pays the original business that put it up on LeadCoin
Arizona Accepts Crypto For Tax, Google Rumored With iMessage Competitor, HomePods Sound Good (Enterprise Irregulars), Rated: B
On February 8th, 2018, the Arizona Senate passed a bill allowing payment of taxes by cryptocurrencies. With a Senate Finance Committee vote of 4-3 on January 24th, and a 16-13 vote in favor by the senate on February 8th, Arizona Senate Bill 1091 now heads to Arizona’s House of Representatives for approval.
London needs to embrace blockchain post-Brexit for the next ‘Big Bang moment’ (Business Insider), Rated: AAA
An influential British MEP believes the UK needs to embrace blockchain technology post-Brexit in order to help the City of London “stay relevant.”
Kay Swinburne MEP told Business Insider: “For me, this whole distributed ledger technology, we have to embrace it.”
This App Gives Recyclers Digital Currency Rewards (psfk), Rated: A
While recycling is second nature to some, others could use a little encouragement to help keep Earth greener. The new app RecycleToCoin looks to increase recycling in the U.K. by incentivizing users to recycle plastic bottles for cryptocurrency.
Ethereum aims to introduce its own identity standard: ERC 725 & 735 (finder), Rated: AAA
Standardisation is an important aspect of any ecosystem, and it goes well beyond token standards. According to Hackernoon, Fabian Vogelsteller (Creator of the Ethereum Mist browser and ERC20 pioneer) has started working on identity standards: ERC725 and ERC735.
Plus the world’s current identification and identity management systems are fairly inadequate and stand to be thoroughly and permanently disrupted by blockchain tech.
Europol: Cryptocurrencies Help Launder 3% to 4% of Illegal Money (cryptovest), Rated: AAA
According to a Europol report, three to four billion British pounds out of roughly 100 billion in dirty money gets laundered through cryptocurrencies.
In Europe, it has become easier to monitor Bitcoin transactions since laws were passed to make exchanges use the same KYC procedures as banks to identify their customers.
FRANCE & GERMANY ‘THREATENED’ BY BITCOIN, WANT GLOBAL CRYPTO CRACKDOWN (Bitcoinist), Rated: A
French and German finance ministers continue to call for strict regulation on Bitcoin and other cryptocurrencies.
ECB’s Yves Mersch Labels Blockchain an Inferior Payment System (The Merkle), Rated: A
In the world of traditional finance, legacy systems are often slow and outdated. This is no different in the European Union at this stage. More specifically, the European Central Bankacknowledges a different system needs to be implemented sooner rather than later. To do so, they will introduce a new settlement system known as TIPS. According to the latest information, this new system will go live in November of 2018.
Yves Mersch described the new euro settlement system as follows:
TIPS is 10 seconds, 0.2 cents. DLT transactions are at best 30 euros and take at least one hour. We have a mandate for efficient payment systems, and we go for efficiency. We are not bound to a technology, we are bound to results. There are so many unsolved questions in terms of governance and legal certainty in DLT. We are looking to what extent we could overcome these legal barriers, but we are at a very early stage.
Irish banks monitoring bitcoin buys on credit cards after UK bank brings in ban (The Journal.ie), Rated: B
IRISH BANKS ARE monitoring the purchases of bitcoin, but none have any plans to impose restrictions on their sales as has been done in the UK.
Irish banks aren’t taking moves to restrict the purchase of bitcoin, but say they continue to monitor the situation.
ETHLend alters terms to encourage use of its own digital currency (P2P Finance News), Rated: AAA
CRYPTO-BACKED peer-to-peer lending platform ETHLend has reached more than £2m of loans as it announces new incentives to encourage users to transact with its LEND token.
The platform, which lets investors back business and personal loans worldwide using the Ethereum blockchain, launched with an initial coin offering (ICO) last November, creating LEND tokens that can be used on the website to pay transaction fees.
Borrowers can post any digital currency as collateral and loans can be made in Bitcoin or Ethereum or LEND. But ETHLend now wants more people to use the LEND token as the means of exchange so it has said anyone providing funds in LEND won’t have to pay any transaction fees.
How Blockchain Just May Transform Online Copyright Protection (Above the Law), Rated: AAA
Binded touts itself as “the world’s first copyright platform” for blockchain, creating “a unique fingerprint (also known as a cryptographic hash) for each copyright record… [that] contains the image file as well as the copyright owner’s name and email.” By uploading a batch of these to the blockchain daily, Binded is creating a secure chain of immutable records. With a digital fingerprint at its fingertips, copyright owners can then digitally police online sites, including social media platforms like Instagram and Twitter.
COPYTRACK is another exciting blockchain-based copyright enforcement service provider, using its “Global Decentralized Copyright Registry” (funded by an initial coin offering, or ICO) for copyright owners. What sets COPYTRACK apart is that it is not limited to just photographs, but any type of digital content (music files, anybody?). Further, COPYTRACK polices on a commission basis — its platform can be used by photographers to police unauthorized uses of their images and then have COPYTRACK resolve the infringement with the infringing owner by coordinating payment of an owner-preset license fee (COPYTRACK keeping 30% of such fees paid by the infringing users, or 50% where such cases go to court outside of Germany). With an enforcement process in over 140 countries, COPYTRACK is positioning itself to provide a truly global solution using public blockchain as its foundation.
10 Awesome Cryptocurrency Business Ideas to Grow Quicker than BTC (The Merkle), Rated: AAA
1. CRYPTOCURRENCY EXCHANGE
Exchanger is a relatively basic trading website that has a manually regulated price table. It simply profits from the difference between the buy and sell prices that is mostly fixed.
Cryptocurrency exchange platform, on the other hand, is a full-fledged marketplace. This kind of trading hub is more similar to the stock exchange with live order book and fluctuating prices. The prices change depending on the trading volume and users profit from these changes. As the owner, you get a certain percent from all transactions.
4. CRYPTOCURRENCY ATMS
For those with a fairly huge capital, there is an option to create a network of Bitcoin ATMs or BTMs.
5. SELLING GOODS FOR CRYPTOCURRENCIES
If you already own a retail business, you can augment it so that people are able to pay you in crypto.
6. BECOMING AN ESCROW AGENT
The model is quite simple, when crypto-transaction is transmitted and accepted, it would require 2 confirmations: 1 from the sender and 1 from the receiver. Should a dispute occur, and one party refuses to seal the deal, you get involved and choose to side with one or the other depending on validity of their arguments and make the final call afterward.
8. SETTING UP A RIPPLE GATEWAY
As part of the core concept, Ripple allows you to set up Gateways. Ripple Gateways are enabling their users to transfer funds. You are able to create your own custom tokens within the system or use Ripple itself. The condition is that you can bridge your token to a real asset to support its value.
10. CREATING A BITCOIN FAUCET
If you are running a news portal or blog about cryptocurrencies, you may create a bitcoin or altcoin faucet. The main idea behind a faucet is giving users small fractions of cryptocurrency to obtain certain kind of value.
Modex Is Releasing The World’s First Multi-Protocol App Store For The Blockchain, Before Much-Awaited ICO (CoinTelegraph), Rated: AAA
Modex’s App Store for the Blockchain is scheduled to be launched on March 15th, timed right before the company’s much-awaited ICO, as announced by Modex’s CEO Mihai Ivascu on the Paris Fintech Forum stage.
Built by the team behind the award-winning peer-to-peer mobile payments app Moneymailme, Modex is a smart contract marketplace for developers to upload and sell their products, after they have been carefully vetted and audited.
How Cryptocurrencies are Changing the IT Industry (InfoQ), Rated: AAA
Bitcoin and smart contracts are not a panacea for poverty and corruption, but thanks to these innovations, people might just live in a future with a vastly improved economy with its lower risk of being robbed or cheated in all spheres of life.
Consider, for example, Japan – through the PSA (Payment Services Act), the Japanese Government has set up a framework which legalized using cryptocurrencies for payment purposes.
China restricts all official payments with cryptocurrency because it’s impossible to regulate and control the money turnover at the government level. In Europe, cryptocurrencies generally enjoy favourable Government policies as many nations on the continent are even massively involved in developing Blockchain solutions. The UK and France especially are leaders in this regard. Germany is one of the few countries where Bitcoin is actually recognized as a legal currency. So I I can roughly separate out three categories of countries: favourable, undecided, and unfavourable.
5 Ways Blockchain Is Changing The Face Of Innovation of 2018 (Forbes), Rated: A
Provide price stability to the crypto economy
The volatility in cryptocurrencies is well-known and not for the faint-hearted, especially over recent weeks. Blockchain-based payment network Havven sets out to provide the first decentralized solution to price stability.
Improve ICO marketing management
Bridging the gap between traditional banking and blockchain, BlockEx makes it easier for initial coin offerings (ICOs) to market themselves by standardising them through an open multi-asset trading platform called BlockEx Markets.
Implement the strengths of blockchain into traditional assets
Hitherto, buyers and sellers in Latin America used pieces of paper to represent tangible equity, but Latoex is disrupting this traditional practice by using blockchain technology in the financial market industry of Latin America.
Create an ecosystem of digital services that is compelling for consumers
Founded by professional photographer Vadim Onishchenko, a crypto-based photo-sharing platform Selfllery comes with a ‘snappy’ slogan ‘Take Photo – Make Money’. It allows users to post photos and other visual content and receive rewards in cryptocurrency for their contributions to the platform.
Develop online communities where users are rewarded for helping each other
Popular social-networking platform for mothers Mom.life (with more a million members and 150,000 daily active users) also uses blockchain technology to reward members. Mom.life offers Bloom tokens that will have value in fiat currency to members who help develop and grow the community.
Blockchain Technology Officially Enters the Oil and Gas Industry (CCN), Rated: A
Ethereum-based project developer ConsenSys and Paris-based, cash-to-order-automation company Amalto are developing an Ethereum-based blockchain, joint-venture called Ondiflo. This joint-venture would provide digital solutions for order-to-cash processing. The digitized process will improve production and hauling efforts in a synchronized environment producing benefits such as improved scheduling and dispatching, accurate measurement of discharged fluid volume, precise invoicing, significantly reduced revenue leakage, and zero to very few coding errors.
World Coming to Terms with Cryptocurrencies, Says Nvidia CEO (cryptovest), Rated: A
The world is beginning to accept that cryptocurrencies are here to stay, according to Jen-Hsun Huang, co-founder and CEO of graphics cards manufacturing giant Nvidia.
Exenium Starts Initial Token Offering with Lucrative Bonus for Early Adopters (Use the Bitcoin), Rated: B
Exenium has just started their ITO campaign, offering excellent benefits for the early investors. This is the world’s first fully functional cryptocurrency exchange that has been implemented as a chatbot for the most popular messengers, including Telegram, WhatsApp, Facebook Messenger, and Discord.
Cryptocurrencies: with inequality rising, citizens seek out alternative economy solutions (Open Democracy), Rated: A
According to a recent Oxfam report, 1% of the world’s richest elites now own 82% of the world’s wealth, with a dollar billionaire having been created every two days in 2017.
According to the CIVICUS Monitor, an online tool that tracks threats to civil society in every country, there were at least 42 reports of activism leading to positive developments for civic space in 2017.
Comunidas, a platform launched by CIVICUS’ Innovation for Change – Latin America and Caribbean (LAC) program offers a catalog of services for LAC civil society organizations willing to be exchanged by the organizations that make up the community.
In fact, even the UN is experimenting with sending the cryptocurrency Ethereum to 10,000 refugees in Jordan because it can be exchanged via mobile phone.
7 Trends Shaping the Evolving ICO Economy (CoinDesk), Rated: B
- Regulatory purgatory will continue
- The funding pipeline will grow
- Startups could seek ethereum alternatives – Kik already gave up on it in December, and we even saw a $39 million ICO launch on Stellar.
- Decentralized apps will deploy
- Beliefs about token economics will be tested
- Consumer sophistication will increase
- Traditional tech companies will decentralize (or at least sell tokens)
Rules on cryptocurrencies should be out soon: Sebi chief (livemint), Rated: AAA
Amid continuing volatility in bitcoin prices and growing concerns about investors’ safety, Securities and Exchange Board of India (Sebi) chairman Ajay Tyagi on Saturday said the regulations on cryptocurrencies should be out soon and the role various regulators will play is being finalised.
Leverage the Opportunity of ICO Voting on CoinMarketPlus.com (Broadway World), Rated: A
The process of ICO voting is easy and transparent; visitors can choose a maximum of threeICOs to vote. To vote for their preferred ICOs, navigate to the ICO calendar page on CoinMarketPlus and vote via Facebook, Twitter, or Gmail account.
Like ICO ratings, ICO voting is proving a hit formula for choosingsuitable ICOs to invest in.
Red Pulse (RPX): The First NEO-Based Token on Binance Trades Live (cryptovest), Rated: AAA
The most high-profile NEO ICO, Red Pulse, has started trading on Binance. Just days after the worrying maintenance event, Binance continued business as usual, even going as far as offering 70% discount off trading fees.
IOTA (MIOTA) Is Creating Digital Indentification Cards For Taipei Citizens (The Independent Republic), Rated: A
After the latest announcements about IOTA (MIOTA) partnering with the Taiwanese government in order to elevate Taipei (capital of Taiwan) to a modest IoT compatible Smart City, fresh news hit the community today wanting IOTA’s Tangle (an alternative network to blockchain created by the IOTA Foundation) to be the basis for an encrypted database where Digital Citizen Identification data will be stored and used in order to avoid traditional methods of identity theft and voting fraud as the major examples. At the same time, the digital ID network based on IOTA’s Tangle could carry information regarding a citizen’s health status, geolocation and could be used to authorize governmental level services, such as social security.
Cryptocurrency speculation could ‘destroy’ innovation, Singapore central bank exec says (CNBC), Rated: A
Speculative cryptocurrency investors are negatively impacting on experimentation with the nascent technology, an executive at Singapore’s central bank said Monday.
Macau cryptocurrency exchange hit with warning in Japan (Nikkei Review), Rated: B
Japan’s Financial Services Agency on Tuesday issued a warning to Macau-based cryptocurrency exchange operator Blockchain Laboratory, which has been courting investors in the country.
Bangkok-based firm plans initial coin offering in the Philippines (Rappler), Rated: B
Bangkok-headquartered Global Crypto Hub plans to launch an initial coin offering (ICO) in the Philippines, as it earmarks $1 million worth of investments in the country.
World’s first digital currency ‘cold storage’ vault launches in Dubai (The National), Rated: AAA
Regal RA DMCC, a gold investment and trading firm in Dubai, is the first company in the Middle East to receive a license to trade cryptocurrencies, the Dubai Multi Commodities Centre said.
The company said it launched the world’s first “deep cold storage” solution, which allows investors and traders to store their digital currencies – bitcoin, ethereum and other altcoins – in a vault located in Dubai’s Almas Tower, the headquarters of free zone DMCC.
Consumers wary of using cryptocurrencies to buy real estate (The National), Rated: A
Tenants, landlords and property investors in Dubai have reservations about the use of cryptocurrencies in real estate transactions, according to a new survey.
Only 3 per cent of those questioned in the survey, by Dubai property portal Bayut.com said they were interested in using digital currency to buy, sell or rent property.
The Russian Telecom Ministry suggests introducing voluntary accreditation for companies arranging the Initial Coin Offerings (ICO) for the term of five years. Such proposal is contained in the draft decree of the government posted on the web portal of regulatory acts.
Suicide Hotline Opens in Moscow for Cryptocurrency Traders (NewsBTC), Rated: A
After the enormous run up in the price of Bitcoin and other cryptocurrencies seen last year, and the subsequent correction in recent weeks, a Moscow-based company known as Blockchain Fund have opened a hotline to help those dealing with large losses. RT Newseven suggest that swings like the movement in Bitcoin from $20,000 to $6,000 in early 2018 could prompt a spate of mass suicides.
Security token issuance platform Polymath announces new partnerships (Bankless Times), Rated: AAA
Security token issuance platform Polymath today announced new partnerships with IdentityMind Global and Agrello. These new partnerships will streamline the security token issuance and AML and KYC processes on Polymath’s platform, incorporating IdentityMind’s compliance, risk management, and fraud prevention solutions and Agrello’s smart agreements, digital signature and identity technologies.
The Wealthiest Digital Currency Owners in Canada, According to Forbes (Coinsquare), Rated: AAA
Forbes’ estimates Joseph Lubin’s net worth at somewhere between $1.2-$6.3 billion CAD. Lubin is a Toronto native, and his biggest contributions to the digital currency landscape involve his work with Ethereum and ConsensSys.
Forbes list Buterin’s digital currency net worth in the $500-630 million CAD range. Buterin was also named in Forbes’ ‘30 Under 30,’ a list of the 30 most promising young minds in their respective industries.
Forbes estimates Diiorio’s wealth to be somewhere in the $940 million to $1.3 billion CAD range. Diiorio contributed to several prominent blockchain projects, and founded the Toronto-based Bitcoin Alliance of Canada, which has since rebranded.
Jaxx is the child of another of Diiorio’s projects, Decentral, of which he is also the founder and CEO.
Canadian speed skater Ted-Jan Bloemen recently became the first athlete to be paid in virtual money when he struck a one-year sponsorship deal with ONG Social, a social network and crypto community, and CEEK VR, a developer of virtual reality experiences.