The U.S. Securities and Exchange Commission has halted the Floyd Mayweather-supported Centra Tech initial coin offering.
Archives for April 2, 2018
Russia-based SKYF drone manufacturing company and the Sweden-based Swedron company has agreed to become partners in Northern Europe. Together, they are going to launch a collaborative test flights facility in Sweden and practice experimental flights of SKYF drones in accordance with European regulation rules.
Under the partnership agreement, Swedron cooperates with SKYF to get a UAV license to fit EASA (European Aviation Safety Agency) regulations. SKYF will become the first heavy lifting UAV in the European Union that applied for certification in accordance with EASA regulations and for getting the unique tail number.
After the license has been obtained SKYF will be used in Sweden as an experimental UAV at the test facility. The purpose of test facility is to test and verify SKYF as a platform for new drone operational fields such as heavy lifts, agriculture, and fire extinguishing.
In a longer perspective after the EASA type approval, Swedron will act as a sales- and training facility hub in Europe for future pilots to come.
- “We are very pleased and excited about this cooperation. We believe in SKYF and see a lot of potential in the UAV heavy lift segments all over Europe”, says Tomas Glatzl, TRI Swedron Sverige A
- “We are excited about the collaboration with Swedron team which has wide experience in the European market. Now we can examine customer request more carefully and understand the specifics of EU regulations. It allows us to enter the European market faster”, says Alexander Timofeev, CEO of SKYF and SKYFchain.
SKYF is a heavy-lifting unmanned aerial carrier vehicle with vertical take-off and landing capabilities. It allows the development of different drones with various modifications for diverse tasks ranging from cargo logistics to firefighting. At present, the maximum useful load is 400 kg (880 lbs) and the maximum the flight range is 350 km (220 miles) or up to 8 hours.
In 2018 SKYF team launched the spin-off project named SKYFchain which develops the first Business-2-Robots Operating Platform in the cargo logistics industry. SKYFchain is an open blockchain platform for keeping and exchanging data of all cargo robots’ operations and transactions. Any action on the Operating Platform has an own price depending on the type, frequency, and complexity of transactions and is denominated in a traditional currency. All calculations within SKYFchain will be processed in SKYFT tokens, as required by the smart contract logic.
The first cargo robot to start operations on SKYFchain will be SKYF. SKYF will use SKYFchain to operate hundreds of freighter drones that have already been pre-ordered by the largest oil/gas and logistics companies around the world. SKYFchain is open to any other manufacturers of unmanned drones, including cars and cargo ships. It is also open to logistics providers and financial organizations and has every chance to become a universal tool, a standard for the unmanned logistics industry. Within 5 years, SKYF plans to spend over the US $50 million to buy SKYFT tokens on the open crypto-exchange. The funds will be used for the further development of SKYFchain. The SKYFT tokens emission conforms the international legislative regulation of the blockchain and is compliant with the SEC of the USA.
The post Russia’s SKYF to Become the First Heavy Lifting Drone Certified under EU Aviation Safety Regulations appeared first on NewsBTC.
After raising 6,500 ETH from its pre-sale and successfully completing its public token generation event, IPSX – a decentralized blockchain – unlocks new possibilities in the IP sharing and renting industry that is said to benefit both businesses and individuals.
The main issue with IP addresses is that there is no easy way of sharing or renting IP addresses even though there is enormous demand for it. IPSX enables users to share their IP address or use it as a Data Centre to share a full range of IP addresses in return for compensation in real-time in the form of IPSX tokens.
IPSX will create a framework and an IP address marketplace that will allow business and services to build custom applications that require a large number of IP addresses, have specific needs such as Uptime, Usage time, geolocation etc.
The benefits of using blockchain in the market place ensures Transparency, by providing a clear breakdown of the division of revenue between the platform’s users; Immutability as it covers the liability on IP usage; Managing reputation by creating a market with trustworthy partners, low maintenance costs, as financial settlements are done in a cost-effective manner and Maximum security as it is based on a high-security network.
With more than a thousand companies whose core business is mining Big Data via web-scraping, data has become the newest resource in the Internet of things era. Big data analysis reveals powerful insights and finds hidden patterns within big data sets, this helps to make informed business decisions, reduce wastage and increase profits.
Data mining from scraping requires a large number of IP address. For instance, HiQ – a company that aims to improve HR services through data acquisitions – recently won a suit against LinkedIn whereby a U.S. federal judge ruled that Microsoft Corp’s (MSFT.O) LinkedIn unit cannot prevent HiQ from accessing public profile data. Ruling that the data is not the property of any online platform on which they have been enlisted nor can it be legally withheld from third-parties. The image intelligence market has extremely high potential and with improved SEO ranking and tracking tools the possibilities are endless but often the IP addresses of such Data Science companies are blocked by the larger conglomerates namely Google, LinkedIn etc.
The solution for these image intelligence firms is to rent out more IP addresses but this is a daunting task with the lack of reliable IP address providers. IPSX aims to build a complete ecosystem by building an IP address market and establish transparent prices based on demand.
As a VPN provider, by using the IPSX platform, you would be able to integrate your system with IPSX’s SDK to let your clients chose, in real time, from millions of IP addresses from all around the world.
The VPN providers can access the VPN for short time periods and only have to pay for the time they used the service, this will make the service easy to access and improve cost efficiency.
IPSX will be the easiest way for users from across the globe to make the internet completely decentralized, free from profit interests for various actors, operated with total transparency.
IPSX was co-founded by George Bunea – a blockchain enthusiast and evangelist, investor, and blockchain businesses developer. Mr. Bunea has vast experience in developing new companies, growing new departments for already established companies, as well as developing and aligning business models. George is a seasoned software developer.
For more information, please visit:
The post Blockchain Platform IPSX to Help Decentralize the Internet appeared first on NewsBTC.
Dash has been one of the world’s most popular cryptocurrencies for investors ever since its inception in early 2017. That is largely because of its impressive transaction speed, which compares very favourably against Bitcoin, and other cryptos.
Evan Duffield designed Dash – initially called XCoin and then Darkcoin, briefly, before its current name stuck in March 2014 – for its pace and anonymity. Specifically, it was Dash’s processing time that made it an immediate hit in the crypto community, according to Ryan Taylor, who took over from Mr. Duffield as the project’s Chief Executive Officer in April 2017.
“Dash is an open-source project that delivers safe decentralised financial solutions,” he says, noting that within two days of its launch 1.9 million coins – around 10 percent of the total supply (22 million) – were mined.
“It is a form of digital cash that can be spent online and at merchants and service providers worldwide. Unlike Bitcoin, Dash can be sent and received instantly, with zero risk of double payment or theft, and it boasts tremendous stability in its value.”
Dash’s platform has been likened to PayPal, and its tokens are well established as one of the top-10 cryptos. Indeed, as of 2017, Dash was a member of the $1 billion market-cap club. By August 2017 over 300 organisations around the world were accepting Dash – a portmanteau of ‘digital’ and ‘cash’ – as payment, including Apple (in the App Store).
That number is set to rise. In autumn 2017 it was announced that Dash had partnered with BlockCypher, a leading Blockchain Web Services (BWS) provider. The pair aims to launch a grant programme for startups and other more established companies seeking blockchain-based solutions in enterprises and new markets.
Dash is unique as a cryptocurrency – a reason many tech enthusiasts invest in the coin, as it diversifies their portfolios and might be viewed as a hedging tool against Bitcoin, the founding crypto.
In addition to Bitcoin’s feature set, it offers instant transactions (InstantSend), and private transactions (PrivateSend). Further, it operates a self-governing and self-funding model that enables the Dash network to pay individuals and businesses to perform work that adds value to the network. This governance and budgeting system makes it a decentralised autonomous organisation (DAO).
Mr. Taylor, who moved from Wall Street to join the Dash project as Director of Finance in 2016 before transitioning to CEO, believes Dash will eclipse Bitcoin before long. “Dash has rapidly become the number-one digital currency for payments because of our cheap and instant transactions, anywhere in the world,” he continues.
“Dash is in many ways a better Bitcoin. It is quickly incorporating payments industry best-practices that the digital currency industry has lacked. Dash transactions lock within a couple of seconds due to our revolutionary second-tier masternode network, making Dash acceptance feasible at the point of sale and online, just like credit cards.”
On December 20, 2017, Dash reached a high of $1,370.16 per coin, according to global trading and investment platform eToro. And although the value dropped in early 2018, Mr. Taylor is optimistic that Dash will reach a price of $1,000 by the end of the year.
eToro, which boasts over nine million users, specialises in cryptocurrencies, and offers many top cryptos – including Dash – to buy outright or trade.
Its motto is: “Cryptos Needn’t Be Cryptic.” And the eToro team has produced this handy video history of Dash to help inform investors:
Pros and cons of trading on eToro
- Straightforward, user-friendly, trustworthy and experienced platform
- Instant execution of trades, thereby locking in a price
- Ability to use CopyTrader and other innovative tools
- Huge cryptocurrency community that shares knowledge and helps each other
- Fast execution
- Regulated company
- Only nine cryptocurrencies offered by the platform, currently
- Users are unable to withdraw the cryptocurrencies directly
- Users’ cryptocurrencies are held by eToro
Want to learn more about trading Dash and other cryptos? Visit www.eToro.com now, and join the online global community.
All trading involves risk. Only risk capital you’re prepared to lose. Past performance is not an indication of future results.
Amber Baldet, who led development of JPMorgan’s permissioned blockchain platform Quorum, is leaving to start her own project.
CryptoMKT, one of only three cryptocurrency traders operating in Chile, was told late last week that state lender BancoEstado was closing its account within 10 days. The news comes after other commercial lenders Scotiabank and Itaú CorpBanca made similar account closure announcements and the country’s other banks declined to accept traders as clients.
Santiago-based CryptoMKT — which operates in the market with Buda and Orion — is taking legal action over the closure decision. In the meantime, the company has initiated talks with fintechs over potential payment-processing alternatives.
“Cryptocurrency startups in Chile aren’t going to close because of the barriers being put up by the banks,” CryptoMKT commercial manager Daniel Dupré told BNamericas. “There are [payment-processing] alternatives, which we didn’t look into previously because they have an associated cost.”
“[BancoEstado’s] decision came as a shock,” he said, explaining that the company had been working with the bank on the blockchain-related issues and still had meetings scheduled when the news of the account closure came.
CryptoMKT, which works with Ethereum and Stellar, has 30,000 clients in Chile and a total of 50,000 in Latin America, handling more than $80 million in transactions per year. The platform allows users to buy and sell Ethererum directly with local currencies: Argentinian Peso, Chilean Peso, Euro, and, come August, Brazilian Real. The company currently operates in Chile, Argentina, Brazil, and Spain, with plans to expand into Colombia, Mexico, and Peru by the end of July.
Scotiabank, BancoEstado, and Itaú
While some banks have not given a particular reason for their stance, in the past executives have cited concerns over cryptocurrency’s association with financial crime, particularly the risk of money laundering.
Last week Scotiabank Chile CEO Francisco Sardón was reported as saying that his bank was simply “doing its job,” and that there was no deliberate “persecution” of the cryptocurrency industry.
BancoEstado (according to local newspaper Pulso) reportedly said in a letter to Buda informing it of its account closure decision, that it had decided not to operate with companies involved in the cryptocurrency sector while there is “no regulatory recognition of said activity.”
Itaú CorpBanca CEO Milton Maluhy did not give a reason for the bank’s decision but has said that regulations need drawing up.
Dupré said local banks simply do not understand the cryptocurrency sector or blockchain, and he rejected arguments about money laundering, citing automated internal security procedures in place at CryptoMKT and the fact the company voluntarily complies with UAF’s (Chile’s Financial Analysis Unit) regulations.
He argues that the move was damaging to the country’s reputation as a promoter of technological innovation:
“This gives the country a bad image. On a global level, stories have already appeared in international media in England, the US that Chile, in some way, has taken an anti-innovation stance.”
Dupré called for stakeholders to sit down together to discuss issues and work on a potential regulatory framework like that recently adopted by Mexico. There is currently no regulation governing cryptocurrencies in Chile, and the central bank does not recognize them as legal tender.
The founder of Buda, Guillermo Torrealba, said the following regarding the matter:
“They’ve demonized cryptocurrencies because they don’t understand the technology.” He added, “It’s important that as a country and industry, we have guidelines to grow the cryptocurrency market in a healthy and legally compliant manner.”
The recent developments in blockchain technology and cryptocurrency infrastructures are gaining increased interest among computer security and finance professionals. Mr. Nicholas Price, founder of KeyCaptcha with 40 million users worldwide since 2010, did not leave those developments unnoticed. He leads a development team creating STeX Exchange – the first “exchange for grown-up people”. This is a smart cryptocurrency trading platform with automatic liquidity consolidation. The platform automatically aggregates offers from best exchanges in one place.
Q: Nicholas, what made you start this new project? How did you get to this idea?
A: In the beginning, we got interested in cryptocurrencies and developed a couple of trading robots. Very soon we realized, that market is very far from mature. This market lacks platforms being able to provide sufficient grade of service, with regards to transaction speed and asset scope. The security aspect is also worth noting, as only a sheer number of crypto-exchanges managed to avoid break-ins and loss of clients’ funds. At some point, we understood that we would be able to do better and to do something we ourselves could enjoy using. This regard both service and security.
Q: Nicholas, what do you mean when you say, “An exchange for grown-up people”?
A: First, this market is very new. A lot of services were created by cryptocurrency enthusiasts lacking necessary experience in things like computer system security, load balancing and scalability and exchange tools which professional traders are used to. Even now, there are a lot of platforms not offering technical analysis instruments and necessary technical indicators. Even the essential stop-loss and take-profit orders are missing. I’m not even talking about trailing-stop and take-profit orders which are ideally suited for the fast-paced cryptocurrency trends. Without those, even an experienced trader won’t be able to do business with full efficiency. The results might differ by several times simply because the crypto-exchange did not provide the necessary services! We decided to fix this situation by creating an ideal service free from teething troubles, a service of the “grown-up people”.
Q: Could it be sufficient just buying bitcoin at the conventional exchange and start making money on cryptocurrencies?
A: The first impression may tell you that yes, it could be. However, one should remember that thereafter fast-paced rallies when bitcoin rate raises multiple-fold there are one or one and a half year periods of fall when the rate is within a “range” or is falling. Will you feel good enough to take losses all year long before the first profit, unless you started before the major rally? Just recently bitcoin fell 70% down from the maximum!
Meanwhile, trading professionals are making earnings even at those times, jumping from one cryptocurrency to another, getting the maximum effect even in the falling market. There is always a cryptocurrency which is growing, at least against another cryptocurrency. If you had jumped from bitcoin to Ethereum in November 2017 and jumped back in February 2018, then your holding of bitcoin could threefold! Even if we take the recent bitcoin rate adjustment into consideration (the bitcoin rate is roughly the same as November 2017), you could take a massive profit, unlike those who simply purchased bitcoin in November and held it.
Q: Do you mean that it is possible to profit from cryptocurrencies even when the market, in general, is not growing?
A: Yes, but to do that you must be able to sell one coin and buy another and do it fast. Even better, change directly from one coin to another. This feature is absent in the old exchanges. Any exchange offers a very limited set of cryptocurrencies which are sold for US dollar or bitcoin. So, you must sell the coin which is listed on one exchange, withdraw your money (it can take a whole day), send funds to another exchange, where another coin is listed… etc.… Meanwhile, the coin rate may grow twice, the market may grow 20 – 30 %, and your profitable transaction is busted half-way.
We have developed a new “A2A” technology to be implemented at STeX. It allows trading momentarily between any coins, without delay. This technology allows us to be resource-savvy, and we can carry more than 200,000 cross-rates, when most of our competitors carry not more than 200.
The same applies to the exchange listing. We are going to raise the number of listed tokens and cryptocurrencies to 500 already in the first year of operation. Until recently the traders had to open accounts at multiple exchanges to trade interesting coins. Now one account on STeX will be enough.
Q: Why did STeX create their own utility token A2A?
A: A2A (Any2Any) name derives from the technology we developed, and it is also the core of this technology. When you have hundreds of various assets you will need some median value, a certain absolute denominator of value providing every other asset denomination. This applies not only to trading but also to commissions accounting.
Presently no other technology except A2A is able to process all cross rates fast enough. A2A not only leads crypto trading to the big world tier but also sets the new technology standards in the industry.
Q: Don’t you fear your competitors who promise users commission-free trade?
A: Not at all. As you may be aware, there is no such thing as free lunch. When you put your trust, your money and your large-scale transactions in a certain project it is essential to understand that the provider would not put its reputation at stake and is able to present all means for secure and redundant service. Commissions allow the best projects to be able to render the best service.
A crypto exchange is where traders make millions. And at the point of transaction, everything must be working without delays and fails. It applies especially during the peak load times because this is exactly when the buy and sell rates are most favorable.
STeX is designed in such a way that the traders will be making more money here than at other exchanges. For instance, here we have best rate aggregation, spread margin minimization to name a few. Take a trader making 1 ETH per day here at STeX, after commissions and 0.5 ETH elsewhere without commissions. Where will this trader bring the business? It matters how much money you carry home at the end of the day and not how much commission you paid. Active traders will also enjoy our flexible discount system.
Q: Do the holders of A2A token receive an additional discount?
A: Of course. A2A tokens are an entity of the discount program. To minimize the commission, you need to hold A2A tokens on your internal account balance at the STeX Exchange. The user account at the exchange may receive various bonuses. And by the way, unlike our competitors’ tokens, for instance, BNB, our A2A do not lose their discount potential after first years of use, though the discount system structure will change.
During the first year of operation, all STeX Exchange users will receive 50% discount on commissions under the condition that this commission is paid in A2A tokens from the account internal balance. Unlike with other tokens, the large volume trade users may retain this discount rate. This concession will encourage users to apply various strategies, execute more transactions at the same cost and serve the less marginal market movements.
STeX.Exchange project has raised 15k ETH during the August-September crowdfunding campaign and released its MVP. To raise additional funds for the venture, STeX will conduct an ICO. The STeX A2A fundraiser will commence on May 1, 2018.
The alpha version of the STeX trading platform has been successfully released on March 27, 2018, allowing users to test new A2A technology. STeX is going to list 5 new coins every week until Beta release in July 2018. Over 100 coins expected to be listed before September, with more than 10,000 direct crosses.
Please see the exchange website for more information.
The post Nicholas Price: “STeX – the First Exchange for Grown-Up People” appeared first on NewsBTC.
Ahead of SegWit2x and Bitcoin Gold, new market movements are seeing Bitcoin prices increase.
Speaking with Mad Money host Jim Cramer, NVIDIA CEO Jensen Huang recently claimed that “cryptocurrency is here to stay,” and he “doesn’t see the craze ending anytime soon.”
Though it first came to fruition in 2008, bitcoin gained a solid taste of mainstream popularity in 2017 when its price began rising faster than anyone had anticipated. The year started with a single bitcoin trading at nearly $1,000, though things ended on a higher note when the currency nearly grazed the $20,000 mark.
Since January 2018, bitcoin and other virtual currencies have experienced serious drops in their prices, but Huang is convinced that cryptocurrency remains as popular as ever.
“Cryptocurrency will be here,” he stated in the interview while discussing the future of finance. “The ability for the world to have a very low-friction, low-cost way of exchanging value is going to be here for a long time.”
NVIDIA is a technology company based in Santa Clara, California. Some of the enterprises’ staple products are its graphics processing units or GPUs. These small processors, Huang explains, were some of the main reasons the company first decided to get involved in cryptocurrency last year.
The GPUs have a powerful ability to mine virtual currencies, and blockchain technology requires computers that can be distributed “all over the world” while remaining immutable and safe. Thus, Huang felt his company’s products could be greatly beneficial to cryptocurrency miners:
“The reason why cryptocurrency became such a popular thing on top of our GPUs is our GPU system is the world’s largest installed base of distributed supercomputing. Our processor serves as the perfect processor to enable this supercomputing capability to be distributed, and that’s the reason why it’s used.”
Interestingly, Huang noted that while the chips were no doubt powerful and crucial to the mining industry, he and his fellow executives are “not ready to move” on this just yet. For the time being, NVIDIA is primarily involved in the gaming business, data centers and self-driving cars, and cryptocurrency and mining operations account for only small portions of the company’s profits.
In fact, NVIDIA currently has no alleged involvement in Bitcoin, per Huang’s comments at a recent GPU technology conference. He said its processors are predominantly used to mine ether, which accounted for roughly 6 percent of the company’s GPU sales in 2017.
“Ethereum ‘ether’ was designed as an algorithm to ensure no singular entity (or a few entities) has the power to control the ether,” he said. “It was designed so that the algorithm requires the type of computing capabilities — the type of processing capabilities — that are made possible by GPUs in a distributed system. The GPU is popular with Ethereum because the GPU is the single largest distributed supercomputer in the world. It is the only supercomputer that is literally in everyone’s hands, and no single entity can control the currency.”
He says that the influence of cryptocurrency isn’t likely to affect how they do business in the present, though he’s very confident this could change in the future:
“Gaming is a much bigger business; data center is a much bigger business; our professional graphics is a much bigger business, and, of course, in the future, everything that moves will be autonomous, and we’ll have autonomous capabilities, and that’s going to be a much bigger market, but cryptocurrency gave it that extra bit of juice that caused all of our GPUs to be in such great demand.”
This article originally appeared on Bitcoin Magazine.
Financial services company Robinhood have announced today that their customers in four US states will be able to buy and sell Bitcoin (BTC) and Ethereum (ETH). Those using the Robinhood application in California, Massachusetts, Missouri, and Montana will be the first Robinhood users to benefit from the update. This should make it simpler than ever before for those new to the space to get exposure to digital assets.
Robinhood Takes Aim at Coinbase
Robinhood have been in the financial services game since 2013. Whilst, they are new to the cryptocurrency space, their business model should have some of the industry’s largest players afraid. They are actually offering trading of digital assets that is entirely commission free. When compared with the likes of Coinbase’s 1.5 – 4%, this will translate into big savings for users. It’s therefore not surprising that four million users signed up for the Robinhood Crypto waiting list in the first five days of its announcement in January.
The announcement to introduce the cryptocurrency roll out in the four mentioned states was made earlier today via Twitter:
Commission-free Bitcoin (BTC) and Ethereum (ETH) trading is now rolled out and available to investors in California, Massachusetts, Missouri, and Montana. Stay tuned for more updates!
— Robinhood (@RobinhoodApp) April 2, 2018
Whilst the company have only introduced BTC and ETH trading, it’s likely that the functionality will extend to at least 16 more digital assets soon. All Robinhood users can currently track the price of: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Ethereum Classic, Zcash, Monero, Dash, Stellar, Qtum, Bitcoin Gold, OmiseGo, NEO, Lisk and Dogecoin. For now, there has be no word as to when Robinhood will add additional assets or introduce BTC an ETH trading for the rest of their customers around the world.
Rather than rely on commissions to generate revenue, the Robinhood model instead charges subscription fees for users wishing to trade using borrowed money from the platform. In addition, they also make money from the interest on the money that users store in their accounts. This allows them to seriously undercut existing options in the cryptocurrency industry.
The move into cryptocurrency should bring a lot of new investors into the space. Robinhood already have an established customer base who use the application to trade stocks, ETFs, and options. It therefore seems rational that at least some of these will take up positions in digital assets, particularly given that the company focuses on a younger class of non-accredited investors – a group more likely to understand and see the appeal of cryptos.
The Robinhood application will make it easier and cheaper for potential investors to get familiar with digital currencies – something that is needed for the kind of widespread adoption needed for cryptocurrency to become the groundbreaking innovation that many hope it will do.
The post Robinhood Rolls Out Commission-Free Crypto Trading to Four US States appeared first on NewsBTC.