Government of Antigua and Barbuda to Release Native Cryptocurrency Exchange

The government of Antigua and Barbuda has announced that they will be releasing a native cryptocurrency exchange. The sovereign state consists of two primary Islands, along with several smaller islands, all in the Eastern Caribbean Ocean. Government Officials aim to adapt new blockchain related technologies within the country at an early stage, in order to push the small country forward. The country’s Minister of Information Technology, Melford Nicholas, clarified that the government is pursuing an exchange which will facilitate the process of buying and selling of digital currencies for individuals. The exchange will then charge a fee for each transaction. Officials hope that this new exchange will trigger non-tax revenue for the state. A statement from the government declares..

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Rockefeller Family’s Venture Capital Firm To Partner with Crypto Investment Firm

Earlier this year it was reported that George Soros, a world renowned investor and billionaire, will be investing in cryptocurrencies. Although Soros admitted to have had doubts on Bitcoin, he is now looking to partake. Similarly, the Rockefeller family, will follow suit by partnering with Coinfund, a New York-based firm specializing in cryptocurrency investments. To be more specific, the Rockefeller Foundation’s venture capital branch called Venrock, will be joining forces with Coinfund. Venrock was founded in 1969 by Laurance S. Rockefeller. Since, the venture capital firm has invested in the very early startup stages of Apple, Intel, AppNexus and many other successful firms. David Pakman, who is a partner at Venrock, voiced some details regarding Venrock’s mission, in an interview he had with Fortune.. Read More

How Justin Sun Took Tron To Be Worth A Billion Dollar Market Cap Cryptocurrency

Cryptocurrencies have seen their market cap jump up and down due to market volatility recently. Many new projects launch their ICOs and promise tremendous development to the problem they are trying to solve via the blockchain. The founding team is one of the most important aspects of a project to predict potential growth. Let’s analyze Justin Suns blockchain promotion tactics.

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Art Tested Tokenization At The Past Consesys Charity Gala

Blockchain technology has the potentials of tokenizing and digitizing tangible and intangible assets around the world without borders. Tokenized financial assets such as  Bitcoin, Digix (digitized gold) and Tethers USD stable coin facilitated liquidity amongst assets, real-time 24/7 international trading and more. Filecoin tokenized cloud file storage modernizing the utility token, and tZero is paving the way for security token offerings. Tokenize art, real estate, and diamonds are the next big step for anyone to trade online tangible assets.

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Bitcoin Declared Compliant with Sharia Law

Many are attributing Bitcoin’s $1000 spike back in April to a declaration made by a Muslim scholar regarding Bitcoin’s compliance with Sharia Law. This declaration may have had massive implications, as it may have opened the door to millions of muslim investors who could now begin investing in crypto without having to betray their religion’s law. There has been plenty of skepticism within the muslim world, regarding Bitcoin’s status within Sharia Law. There are strict rules and guidelines in Sharia which detail what is a legitimate currency, and what may be an illegitimate, gambling tool. Sharia Law does not permit gambling or lending money at high interest rates. To date, Islam is the largest and most vibrant religion worldwide, totaling 23% of the globe’s population.

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Huobi Makes its Case for Safest Centralized Exchange

Back in January, a Japanese cryptocurrency exchange had over $500 million stolen by hackers. The cybercriminals managed to steal roughly 523 million in NEM coins. NEM is a cryptocurrency which aims to help companies and businesses manage data digitally. Consequently, the digital token fell about 20% on the following day. In addition, just yesterday, an Indian cryptocurrency exchange called Coinsecure reported having $3 million dollars stolen. These instances, amongst many others, show the importance of choosing a secure cryptocurrency exchange for yourself. An exchange you can rely on, and sleep peacefully at night knowing your digital assets will not be stolen, and if stolen then refunded.

Which cryptocurrency exchange offers the most reliable security features? Huobi Pro. Huobi Pro has just launched two new security mechanisms which fall under the umbrella of “Huobi Buybacks”. Huobi Buybacks include “Huobi User Protection Fund” and “Huobi Security Reserve”. Let’s delve into what they are in simpler terms:

1) Huobi User Protection Fund — Through this new initiative, Huobi will be using 20% of their income to buy back as many Huobi Tokens (HTs) as possible. Following this, the newly possesed Huobi Tokens will be stored, and used to compensate user losses in case of theft or platform breaches and to improve Huobi’s security.

2) Huobi Security Reserve — This new reserve created by Huobi holds a total of 20,000 bitcoins. The funds currently sit on an an independent address. Similar to the case of “Huobi User Protection Fund”, Huobi uses these funds to to compensate user losses. As soon as any security breach takes place, the funds stored in the reserve will be used to pay back users provided they weren’t at fault.

With these “Huobi Buybacks” initiatives, Huobi guarantees in full, security for its users and for their digital assets. Personally, I’ve been using Huobi Pro and I cannot be happier with my choice.

Learn more about Huobi Buybacks using this link!

By Jaime Gutt.

Ontology, The Blockchain Project Looking To Fix Trust Between Servers

Since the creation of bitcoin and Satoshi Nakamoto’s introduction of a truly decentralized, peer to peer monetary transactional blockchain system; Many people have leveraged such technology to use it for far more things than monetary transactions. Ethereum introduced smart contracts, NEO the smart economy, Ontology trust between networks, and EOS a Delegated Proof Of Stake consensus.

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The World’s First “Crypto-City” May Come to Fruition

All of us have heard the saying “If only I had invested in cryptocurrencies X years ago I would have Y amount of money in my bank account and I wouldn’t have to work a day.” Unfortunately, not many of us were able to get on the bandwagon early enough. Nevertheless, there are individuals who have been able to and have made massive fortunes by involving themselves in cryptocurrencies and blockchain technologies at very early stages. Ever wonder what these folks are up to? Many of them, are trying to build what they called “Puertopia” (Later renamed Sol), in the Caribbean Island of Puerto Rico.

What exactly are they trying to build? Led by blockchain mastermind Brock Pierce, founder of EOS (Which had the largest ICO at its time of launch of $700,000,000), this group of crypto-entrepreneurs is attempting to build a city which is cashless and founded on the basis of cryptocurrency and blockchain technologies. Smart Contracts would be implemented all throughout the city’s businesses, and they would even have a world-first cryptocurrency bank. Their city would have an airport, and all the main functions a normal city would have. Their goal is to create a “Crypto-Utopia” which would be a shining example to the world, and the beginning of the future of urban civilization.

One might wonder why they chose Puerto Rico out of all possible locations. There are several factors which make Puerto Rico an ideal place for their crypto based territory. The primary reason, is that Puerto Rico gives these extremely wealthy pioneers the opportunity to avoid a whopping amount of taxes, as Puerto Rico boasts unmatched tax incentives for US Citizens. Additionally, due to Hurricane Maria, Puerto Rico is currently at a rebuilding stage. Therefore to these individuals who are all about rebuilding and have the necessary funds to pursue their goals in a desperate country, there may be no better place than Puerto Rico. Halsey Minor, who is the founder of CNET voiced his opinion on the matter by stating,

“While it was really bad for the people of Puerto Rico, in the long term it’s a godsend if people look past that.”

Granted, Maria was a catastrophe for the Caribbean Island. Nevertheless, if these entrepreneurs who have already proven successfully to be some of the most innovative creators on the planet, deliver on their proposed “Crypto-Utopia”, Puerto Rico might just end up giving us a glimpse of what’s to come to the rest of the world in the future.

By Jaime Gutt.

Africa is Seeing Tremendous Growth in the Crypto Sector.

The African Continent is arguably underdeveloped and tends to be last in line when it comes to picking up on world trends. However, when it comes to Cryptocurrencies in Africa, we may encounter a different storyline. So far Cryptocurrencies, and what they have to offer, have been a tremendous and beneficial fit for Africans, and user volume is rising exponentially. Africa may, in fact, become one of the world’s primary hubs for Cryptocurrencies. This may come as a surprise, as Africa is barely ever brought up in regards to Cryptocurrency, Blockchain innovation, and other technological developments.

According to Investopedia, Africa has seen the birth of at least 15 major Cryptocurrency exchanges across the region within the past year. As the market soared in 2017, localbitcoins.com reported a highly increased 8.1 Million trading volume in Kenya. Furthermore, a world-renowned Cryptocurrency exchange called Luno had nearly 37% of its transactions stemming from South Africans in late 2017. The CEO of Luno, Marcus Swanepoel reported to CNN that his goal is to have one billion active users on the exchange by 2025, “There are very few industries in the world for which you could say that is a reachable goal, but because bitcoin is so open and global, it is really an achievable goal. We’re excited to pursue it,”.

What makes Cryptocurrencies so beneficial for Africans? There are several reasons as to why Cryptocurrencies have been such a great fit for the world’s third-largest continent. According to The World Bank, only 34% percent of Africans in the Sub-Saharan Region have bank accounts (As of 2014). Cryptocurrencies, therefore, provide the financial inclusion most Africans so desperately need. Through Cryptocurrencies, Africans are able to protect their money, transact money, and provide more benefits they are not receiving from banks. Moreover, as smartphones rise in popularity among low-income individuals, so does access to crypto. Another important reason why Africa is seeing growth in Crypto is increasing hyperinflation in several African countries. Similar to the current situations in South American countries like Venezuela, states like Zimbabwe, South Sudan, and Nigeria have been experiencing similar setbacks due to hyperinflation. In turn, Africans have been turning to Cryptocurrencies in order to preserve financial stability. As volatile as Cryptocurrencies are, individuals in Africa may feel more stable having their wealth in Crypto, as opposed to risking their wealth being invested in local fiat currency, where it can end up being devalued significantly.

 

Jaime Gutt.