Day: August 23, 2019

Polkadot Soft-Launches Its Experimental ‘Canary Network’ Kusama

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Blockchain interoperability protocol, Polkadot, launched its experimental “canary network” dubbed Kusama, this morning, Aug. 23. In a blog post, the team announced the first deployment in the wild of its protocol, combining “bleeding-edge technical improvements in governance, consensus and scalability.” Limited functionality for soft launch In order to get off the ground, Kusama was begun as a Proof-of-Authority (PoA) network. All validator nodes are currently being run exclusively by the Web3 foundation. During this initial period much of the functionality is disabled, most notably balance transfers and governance. Functionality will…

15% Ethereum Classic Pump Stokes Giddy Altcoin Season Dream

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Ethereum Classic is making significant gains while trading on Friday. | Source: Shutterstock By CCN Markets: Ethereum Classic (ETC) is currently on a massive bull run this week, increasing its price by 30% in three days. The cryptocurrency continued its surge steadily today, skyrocketing its value by over 15% today. $ETC #EthereumClassic making a bit of a commotion. Is this finally the start of $altszn ? #crypto #bitcoinboom — @Bitty 💫🐻⚡️ (@bittymcbitface) August 23, 2019 To understand ETC’s current bull run, CCN has collected the main reasons contributing to the…

Revain: The AI powered review system

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Reviews, they are part of most people’s life. We use them. We act on them. We need them. Let’s first go throw some stats. 97% of people read reviews for local businesses 93% of consumers say online reviews impact their purchasing decisions. 68% of consumers will leave a review if asked. 89% of consumers read businesses’ responses to reviews. 92% of B2B buyers are more likely to purchase after reading a trusted review. (Statistics from: BrightLocal, G2.com, Podium and BIA/Kelse) According to the stats you can see how much value…

Bitcoin Advocate Becomes ‘Nobody’ to Run for New Hampshire Town Mayor

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A Bitcoin advocate who has changed his name to “Nobody” was first in line to file his candidacy for Mayor of Keene on Aug. 21. The town in the state of New Hampshire, United States, has been dubbed Crypto-Mecca for its positive attitude towards Bitcoin and cryptocurrency. “Nobody” tells the truth Throwing a curveball into the usual election process, “Nobody” aims to provide an alternative to the major candidates. One of these, city councillor, Mitch Greenwald has already welcomed “Nobody” to the mayoral race, saying that his campaign was needed.…

US Charges Two Canadian Nationals Over Alleged $230K Bitcoin Fraud

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Two Canadians of Indian origin were charged in the United States with a $233,220 Bitcoin (BTC) fraud using a fake HitBTC account on Twitter. Scammers posed as HitBTC customer service on Twitter Karanjit Singh Khatkar, 23, and Jagroop Singh Khatkar, 24, of Surrey, British Columbia, allegedly stole 23.2 Bitcoin from a woman in the U.S. state of Oregon, Indian publication The Week reports on Aug. 23, citing charges filed with the federal court. According to the report, the defendants used a fraudulent Twitter account named @HitBTCAssist to trick victims into…

UK Employee Explains Why He Chose a 100% Bitcoin Salary

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“People always ask how I am coping with living on Bitcoin,” a British software developer told The Mirror in an interview this week, “but the truth is that my lifestyle hasn’t really changed.” The Mirror — a British daily tabloid founded over a century ago — ran its interview with 24-year old Zakk Lakin on Aug. 22.  An employee at crypto exchange Coin Center, Lakin was given the option to receive part — or all — of his salary paid in cryptocurrency, and he went the full monty. 100% Bitcoin…

Circle Looks to Raise $100M for Its Equity Platform SeedInvest

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Goldman Sachs-backed crypto startup Circle plans to deploy a $100 million venture capital fund for its equity crowdfunding platform SeedInvest. According to a recent job posting on LinkedIn, Circle is seeking the general partner that will be responsible for raising and managing the fund in partnership with SeedInvest’s senior leadership team. The partner will be expected to develop and drive an investment thesis, targeting Seed Invest’s network of 250,000 investors to maximize returns, the job posting notes. The new position will also require to run day-to-day operations of the fund,…

‘Wall Street Has Been Asleep at the Wheel’

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The Winklevoss twins — Bitcoin (BTC) bulls and founders of the Gemini crypto exchange — say its retail investors who are still largely reaping the benefits of the crypto market. In an interview with CNN Business on Aug. 22, Tyler and Cameron Winklevoss gave their perspective on Bitcoin as an investment, industry risks and the traditional financial sector’s approach to the new asset class. Buying a piece of the new internet of money While many still regard Bitcoin as too risky a bet for the average investor, Tyler argued that…

Crypto Taxation Around the Globe — What Do Regulations Look Like?

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Upon its inception, Bitcoin was envisioned as a borderless currency that could be used by its owners without being affected by the regulatory impositions of any centralized agency or government body. And while this idea in itself is quite grand, the fact of the matter is that today’s crypto owners (across the globe) are subject to varying tax restrictions on their digital holdings by local regulatory bodies. Also, over the course of the past few months, a number of tax agencies around the globe, (such as the United States Internal…

The New Bitcoin Banks Are Here

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A new age of banking is imminent. Legacy models will be forced to follow suit or become obsolete in the eyes of value holders worldwide, as new bitcoin and crypto services take over, seeking to implement blockchain systems with an eye on convenience and financial inclusion. Announcements of stablecoins and exchange services from giants Binance, Coinbase, and others, signal the age of the ‘Bitcoin Bank’ is just beginning. Whether this shift brings about the immense positive change it promises, or simply becomes a new centrally regulated banking system with competing…