Friday, March 29, 2019

PURCHASE CRYPTOCURRENCY WITH CREDIT CARD ON KUCOIN

On KuCoin exchange has appeared the possibility to buy cryptocurrencies with credit cards. Users of the exchange from more than 100 countries can purchase Bitcoin, Ethereum, XRP, Bitcoin Cash and Litecoin using Visa and MasterCard payment systems.

This new option has appeared through the partnership of the company with the startup Simplex. It is available in the Assets section of the trading site.

Supra, KuCoin started working with Binance. Its customers can buy cryptocurrency with credit cards from the end of January of the current year.

Also, in mid-February, DSX announced the addition of this feature. Users of the website can purchase digital money with British pounds, euros, dollars and rubles. A commission fee of 0.8% is thus charged for making deposits.

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NEW VIRUS PUTS DIGITAL WALLETS IN DANGER

Group-IB reports that the Gustuff virus potentially threatens 32 mobile cryptocurrency storing apps & the 100 largest banks. Specialists report that a Russian hacker developed the Android Trojan. The malicious program can automatically deduce crypto from users’ accounts. It’s embedded not only in mobile banking apps and cryptocurrency wallets, but can be embedded in Skype, WhatsApp, PayPal and Gett Taxi as well.

Experts mentioned that “Gustuff gets on Android phones via SMS-mailing with links to APK files. Later on, Gustuff is distributed through the contacts database of an infected phone, or through the server database”.

Users of mobile apps of banks like JPMorgan, Bank of America, Bank of Scotland, Wells Fargo, Capital One, TD Bank and PNC Bank are currently under the highest risk. Also, the virus can attack the wallets of Bitcoin Wallet, BitPay, Cryptopay and Coinbase.

Yesterday, Kaspersky Lab Antivirus company said that the digital money of Windows and Mac users was under threat. The North Korean hacker group Lazarus uses the PowerShell application that allows you to manage malware on these operating systems.

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Thursday, March 28, 2019

Japan Saw A Tenfold Rise In Crypto Money Laundering Cases In 2018

Japan Saw A Tenfold Rise In Crypto Money Laundering Cases In 2018

Japan is usually known to be at the forefront of the latest tech innovations, and the FinTech sector isn’t exempt. Currently, Japan ranks as one of the most crypto-friendly jurisdictions in the entire world, and is considered a burgeoning crypto Asian hub.

However, the country has recently seen a startling increase in cryptocurrency-related money laundering cases, with more than 7,000 incidents reported to authorities in 2018 alone. According to the Japanese National Police Agency, the number jumped more than tenfold — up from the 669 initially recorded cases between April and December in 2017. This sharp increase happened right when cryptocurrency exchange operators were required to report all transactions suspected to be linked to the movement of illegally obtained cash, so it’s unclear whether this is a crime trend or simply a manifestation of better reporting.

Due to cryptocurrency’s anonymous nature, police claim that many cases involved using the virtual currency to pay for illegal drugs, child pornography, and other activities on the dark web. It was also found that among the 7,096 dubious transactions, some users shared the same ID photo despite having different names and personal details. On the other hand, there were accounts that appeared to have logged in from overseas devices even though their listed addresses were based in Japan.

Putting together the laundering-related transactions and other abusive cases, Japan’s registered cases clocked in at a total of 417,465 in 2018. Out of this number, 346,014 (83%) were found to involve banks and other financial institutions, while 15,114 (3.6%) involved credit card companies. These figures mark a significant jump from the 17,422 total cases that were reported in the previous year.

While certainly a cause for concern, authorities have assured the public that they are already upgrading their security methods, training specialists, and using tech such as Artificial Intelligence to detect malicious patterns. Last year, it was announced that a new law enforcement unit from Tokyo would raise efforts to combat cybercrime. But it seems they need to bolster their security arm further for the year ahead, especially if they want to maintain or grow their status as a crypto hub for the region.

All in all, there are many barriers to cryptocurrency’s mass adoption, as outlined on FXCM. These include regulation, scalability, and volatility. Generally, the Japanese have been ahead of the curve because of their openness to new tech compared to other countries. In fact, financial experts at Hacked have hailed it as representing the future of cryptocurrency itself, but if the laundering numbers continue to rise, it could hinder its growth in Japan and beyond.

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10-Capital Review: Start Your Trading Journey With an All-in-One Broker

10-Capital Bitcoin and FX Broker Review

Thanks to the internet, now everyone has the opportunity to become a professional trader right at their doorstep. Today, you can trade some of the most notable and prominent assets right from the comfort of your home. There is no longer any need for you to go anywhere or make hundreds of calls to brokers. Yes, you still need a broker to start trading in any of the financial markets, but online brokers are now available, which has made things considerably easier. The best part is that there are a ton of brokers for you to choose from. Some of these brokers have been around for years and that’s how they convince people to sign up with them.

Other brokers are relatively new, but they have actually fared better than the old ones. One of these brokers is 10-Capital.

Overview

Similar to any other broker in the market, you can access a number of financial markets with 10-Capital and be able to trade a variety of assets. The tradeable assets that are at your disposal include commodities, indices, foreign currencies, stocks and cryptocurrencies. The most important thing that traders need to understand is that they can trade CFDs on 10-Capital. This refers to Contract for Difference as they are contracts for the assets and not physical assets themselves. Thus, you don’t own the asset as you are only buying and selling the contract.

One appealing factor about 10-Capital is that it gives you access to a fast, secure and user-friendly trading platform. Moreover, it also helps new and inexperienced traders learn the art of trading before they put their money on the line.

The Assets on 10-Capital

The first thing that you see in any broker is the number of assets they provide to you. The more assets you have at your disposal, the better it is because you don’t have to switch platforms if you want to diversify your investment portfolio. New traders also appreciate the variety because they can choose an asset they are comfortable in trading and later move onto other assets. 10-Capital gives you the option of trading indices from various financial markets around the world. You can trade NASDAQ, FTSE, DAX, ASX200, Dubai and many other popular indices.

As far as stocks are concerned, the broker allows you to trade stocks from some renowned companies in the world including big tech firms such as Apple, Google, Microsoft and Facebook. You can also trade some valuable commodities on 10-Capital such as gold, silver, palladium, copper and platinum as well as perishable items like corn, wheat and coffee. Oil and natural gas can also be traded via the broker, which makes it one of the best in the market.

Currencies are an important asset and widely traded and you can choose from major and minor currency pairs. Major currency pairs are not as risky and volatile whereas minor ones are on the exotic side and so carry some risk. Cryptocurrencies can also be traded on 10-Capital as they are hottest asset these days and you can find some of the top options available with the broker.

Account Opening on 10-Capital

Opening an account is an important process when you wish to start your trading career with a broker. When you are opening an account, you expect certain things from a broker. Not all brokers offer the same luxuries and opportunities. Signing up with 10-Capital can gives you access to several account options. There are various account types for you to choose from and every account is designed for different types of traders. Whether you have just begun your trading career or have been doing it for a while, you will find an account type that meets you requirements.

The most basic account type that you can open with the broker requires a deposit of 500 EUR. This amount is manageable for new brokers and once they deposit it, they will be granted unlimited access to basic and advanced charts offered by 10-Capital. These charts can be immensely useful because they can help you in identifying market trends. The other account types, which are Silver, Gold, Platinum, Diamond and Millioner, are designed for more trained traders who are aware of the ins and outs of trading. As you go from the basic account to higher, the minimum deposit requirement also increases.

An excellent feature of 10-Capital is that the broker provides its clients with access to trading alerts, no matter what account type they select. But, when it comes to the education center, you get only part-access with the basic and Silver accounts. Nonetheless, even this partial access includes all the necessary information beginners need. Access to signals is also another perk offered by 10-Capital. These are indicators provided by the broker, which can be helpful in trading. They tell you when it is better to buy or sell a particular asset.

The basic account only provides you with a few signals during the day whereas unlimited signals can be obtained with the most advanced and expensive account type. There is also a junior account manager to help with trading or any other aspect related to the account. If you move to an advanced account type, you will be able to use a senior account manager as well. Trading alerts can also be sent to you via SMS or WhatsApp, but this is only available for senior account types. 10-Capital has also made leverage available to the brokers and it doesn’t matter what account type you select.

The Trading Platform on 10-Capital

The trading platform that the broker has to offer can create a powerful impression on the traders. As a matter of fact, it is the make-it or break-it factor because if you don’t have a good experience with the trading platform, you are more likely to switch brokers. 10-Capital has designed its trading platform with all traders in mind so you can be rest assured that you won’t have to spend months trying to learn how to use its trading platform. It is a user-friendly platform that works smoothly and without any hiccups so you don’t have to experience any delays when executing your trades.

Technology has made things incredibly easy and convenient for the traders. It doesn’t matter if they are trading stocks or their favorite currency pairs, there is no need to switch platforms when you change assets. In addition, 10-Capital boasts all charts, indicators and other tools that can help you in trading. The broker is also aware that the needs and requirements of the traders have changed in the past few years and they no longer just use trading platforms on desktop computers. Today, traders want platforms they can take on the go and so 10-Capital has made itself available on smartphones, laptops and tablets.

There is also a web-based version of its trading platform and this is for people who do not want to download anything on their devices. The only requirement for this kind of platform is a device and internet connection. Traders can access this platform via their browser and can also reach it from any device and from anywhere in the world.

Safety of Funds and Information on 10-Capital

Security is of the utmost importance nowadays with the constant rise in cybersecurity threats. When you are signing up with a broker, you are sharing your personal information and also handing over your funds. Information includes personal details about yourself as well as your banking details. 10-Capital doesn’t want to put its customers under constant stress so it has used 256-bit encryption for keeping your information safe and ensuring that no third party can get access to it without proper authorization.

In the case of your funds, there is no need to worry because 10-Capital is a regulated broker and it follows the highest standards in the industry for keeping your information safe. They have Anti-Money Laundering (AML) and Know your Customer (KYC) policies in place and funds are kept segregated and secure.

Withdrawals and Deposits on 10-Capital

10-Capital has taken care of your deposit and withdrawal needs in every way possible. There is the debit and credit card option, which is the fastest method available for funding and withdrawals. Bank wire transfers can also be used if you want the safest option and electronic payment methods are ideal for adding funds instantly. You have to withdraw from the same methods that you used for depositing and the timeframes for these to be processed vary.

Bonuses

10-Capital has distinguished itself from other brokers by offering bonuses and incentives to its customers. Loyalty points and bonuses are granted when you sign up and there is also a referral program in place that helps you in earning money when you refer anyone to the broker.

Bottom Line

With 10-Capital you get access to comprehensive education, commendable customer support, the highest level of security, lots of bonuses and a variety of assets that can make your trading journey a smooth, hassle-free and profitable experience.

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New York State Financial Regulator has issued the eighteenth BitLicense

The New York State Department of Financial Services  reported that it issued BitLicense to Tagomi Trading LLCa cryptocurrency brokerage startup.

The company has become the eighteenth licensed sincein 2015the state of New York approved this system of regulation of cryptocurrency organizationsRepresentatives of the industry have repeatedly pointed out that BitLicense is very burdensome for small businesses with limited access to capital and legal resourcesAccording to a press releaseTagomi was granted a traditional state remittance license as well.

The company’s CEOGreg Tusartold that the license would give Tagomi the opportunity to become “New York’s 1st brokerage agency in the cryptocurrency industry.” This means that the company will carry out transactions on behalf of customers in BTCETHBCH and LTCas well as carry out their orders.

EarlierTagomi’s cryptocurrency platform received investments of $12 million from several large organizationsincluding the Paradigm Fundsupported by Yale UniversityAs Tagomi’s General Counsel Dhawal Sharma noted in his statementthe priority of the company will be the transparency.

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Hershey is uniting with an advertising blockchain consortium

AdWeek announced about the partnership agreement between AdLedger, blockchain Consortium, and Hershey. With this agrrement, blockchain technology will be used not only in advertising campaigns of the American chocolate giant, but also in the activity of chocolate factory itself, providing tracking of cocoa delivery.

Vinny Rinaldi mentioned: “This is going to be a fundamental change in the way we think.”

It is worth noting that the industry of advertising is not very transparent and blockchain can resolve these issues as it will make the information available to all participants of the ecosystem. AdLedger, which is founded in 2018, is a joint project of IBM, MadHive & Tegna. This consortium is a non-profit company, developing distributed registry technologies for the market of digital advertising.

Last year, Salon Media and IBM launched a joint experimental blockchain product called the Campaign Reconciliation Project, generated by AdLedger. This solution is designed to reduce the number of intermediaries in this industry, making it assailable to various types of fraud, for example, the use of Internet bots and phishing domains.

In October last year, Toyota, signed a partnership agreement with blockchain-based advertising company, Lucidity to reduce fraud in paying for digital advertising, ensure advertising processes’ transparency & reduce costs.

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Wednesday, March 6, 2019

SIX WILL TOKENIZE EQUITY ON R3’S CORDA BLOCKCHAIN

The Swiss stock exchange operator, SIX Group, has picked R3’s Corda Enterprise platform as the basic blockchain for cryptocurrency trading, settlement, & the custody service it’s building.

In an interview to CoinDesk, the chief digital officer at SIX Digital Exchange, Sven Roth said, “This was essential for us as when we assessed various vendors, some of them were limited in their scope to very specific areas, like post-trade for instance, however, we did not want to be limited to only that area of expertise. We assessed many vendors and technology stacks.”

Roth also mentioned that the platform, which is planned to be launched in the 2nd half of 2019, will start with classical bankable assets – funds, equities, bonds and structured products that already live on their DLT. The handling of security token offerings (STOs) is another area that SIX is focused on. Roth confirmed that generally the central plank of the project was the regulated boilerplate for STOs.

He also noted, they need to achieve a balance in order to provide a reasonable minimum viable product, however, without going overboard on what will be available at launch.

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NEWBORNS’ REGISTRATION BLOCKCHAIN SYSTEM APPEARED IN TANZANIA

The world’s first blockchain system for registration of newborns launched in Tanzania. In this system, all newborns in the country are registered. This system monitors the entire state of a woman during pregnancy prior to childbirth, a digital ID is assigned to all women. A special digital certificate is issued to all pregnant women, with which they can obtain the necessary vitamins.

The project itself is aimed at improving the quality of medical care for mothers and newborns, as well as at reducing mortality, which remains high in the country. Tanzania depends on humanitarian aid and charitable organizations, but donations often do not reach those who really need it. According to the initiators of the project, the blockchain solution reduces the risk of fraud, and an electronic document allows humanitarian aid providers to verify information about the identity of the person in need.

The blockchain project was implemented with the help of AID: Tech, which uses blockchain technology to distribute international assistance in refugee camps.

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Tuesday, March 5, 2019

THE VENEZUELAN GOVERNMENT IS OFFERING CRYPTOCURRENCY REMITTANCE SERVICES

The Venezuelan government is offering cryptocurrency transferring services. Money transfers will be done using 2 cryptocurrencies – BTC and LTC.

This service was launched by Venezuela’s principal regulator of cryptocurrencies, Sunacrip, which previously limited the transfer amount of cryptocurrencis and introduced a commission. The new service’s launch was announced on Patria, Suncrip’s platform, which states, “Bitcoin & Litecoin will be used in money transfers.”

It’s said that after the cryptocurrency transaction is accepted, the funds will be accessible in sovereign bolivars, on the platform, also mentioning that “the system will let the users to receive cryptocurrencies equal to 10 petro for month”. Nevertheless, with Sunacrip’s special permission, users will be able to get up to 50 petro.

The government’s site reports that “to get a cryptocurrency, an individual needs to be registered on the platform, Patria, be of the legal age and live in Venezuela”. However, the sender can live outside of Venezuela. Patria also states, “The commission that the platform will calculate is going to be deducted from the transferred amount. It can reach to maximum of 15%. Commission’s minimum amount will be equal to 0.25 euros in bolivars for each transaction.”

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Monday, March 4, 2019

STARBUCKS CUSTOMERS WILL BE ABLE TO PAY FOR COFFEE WITH BITCOIN

The American coffee company and coffeehouse chain, Starbucks will integrate cryptocurrency payments until the end of 2019.

In the United States, the visitors of Starbucks will be able to pay with Bitcoins. Such an opportunity will appear before the end of 2019, that will be possible with the company’s cooperation with the Bakkt platform, which is developed by the operator of the New York Stock Exchange ICE.

Customers will be able to pay for purchases using Bakkt software, which will instantly convert cryptocurrency into traditional money. According to sources, the owner of Bakkt agreed to transfer a certain share of its enterprise to Starbucks, the amount of which was not disclosed. It turned out to be disproportionately large, taking into account the conditions of cooperation in which Starbucks did not make any financial investments in the development of the website.

In the summer of 2018, information appeared in the network that Starbucks visitors would be able to pay for coffee with bitcoins. The press service of the company responded that customers will not be able to pay for frappuccino with cryptocurrencies, but they will be able to convert digital assets into traditional money and pay them in coffee shops.

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BANKS SAY NO TO CRYPTOCURRENCY COMPANIES

According to Bloomberga significant number of cryptocurrency companies still face difficulties in opening a bank account.

Sam BankmanFriedhead of cryptocurrency trading company Alamedanoted that for cryptocurrency companies just coming to bank and opening an account does not work.

Despite the fact that servicing cryptocurrency companies is not illegalhowevermany banks refuse to do thatAt the same timealthough large banks refuse to provide services to cryptocurrency companiessmaller banks are trying to master this market.

For instanceSilvergate from the US city of San Diego reported that cryptocurrency companies hold $40 billion in its accounts.

NKB Group top manager of trading said, “Refuse of basic banking services is insaneholding back the growth of the sector and forcing companies to come up with nonstandard solutions to this problemBanks are too selective”.

The other day it was also reported that the blockchain companies of Malta also encounter difficulties during trying to open accounts in local banks.

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UZBEKISTAN WILL DEVELOP A BLOCKCHAIN-BASED REGISTRATION PLATFORM FOR CARS

The Ministry of Innovation Development of Uzbekistan and the national payment system of the countryUzcardare forming a united electronic registration for cars based on the blockchain.

The project creation was initiated by the Ministry of Innovative Developmenthaving an intention was to introduce innovative methods to ensure the safety of car transport . This blockchain platform will allow registering and keeping records of traditional car transport and transports with gas equipmentThe use of this project can allow to generally modernize the transport infrastructureensuring safety.

According to the project participantsthis blockchain platform will have a positive effect on the road transport infrastructure development and will create favorable conditions within the framework of an intensively developing electric vehicle industry.

Recall that earlier Uzbekistan announced its intention to transfer the cadastre and real estate registration systemalso the state register of medicines to the blockchain.

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