Decentralized Monetary System And Central Banks Digital Currency: Can They Co-Exist?

At the time of their inception, the primary objective of digital currencies was to create an exchange mechanism that is universally acceptable. While the actualization of this goal is still far, the cryptocurrencies have had significant impacts on the …

The Central Banks’ Bank (BIS) Hates Bitcoin — Which is Reassuring

The Bank for International Settlements (BIS), a global “bank for central banks” based in Basel, Switzerland, has once more declared that cryptocurrencies are not only “not ready for prime time,” but could also “bring the Internet to a halt.”
[Note: Th…

FinCEN Declared Ripple’s XRP Coin As Currency, Not A Security, SEC Decision Pending

Ripple, the third largest cryptocurrency by market capitalization has been the center of debates, especially after the US SEC decided that Bitcoin and Ethereum will not be regulated as securities. Many say that US FinCen has already set a pattern for R…

Lawmakers Renew Calls for US to Lead on Crypto Innovation

Source : Lawmakers Renew Calls for US to Lead on Crypto Innovation “Cryptocurrency networks are much more than alternatives to the dollar or payment mechanisms.” That was the message delivered to the heads of the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) Wednesday by three lawmakers and members of the Congressional Blockchain Caucus (CBC), a bipartisan group launched last year in a bid to support the technology and its interests on Capitol Hill. Penned by Jared Polis (D.-CO), Tom Emmer (R.-MN) and David Schweikert (R.-CA), the letter does much to repeat the CBC’s past public statements, but notably comes weeks after both agency heads testified on cryptocurrencies , explaining to the U.S. Congress what they saw as their potential amid what was then a tremendous spike in their market valuations. In this way, the letter encouraged SEC chair Jay Clayton and CFTC chair J. Christopher Giancarlo to follow through on efforts to collaborate with the U.S. Treasury Department and the Federal Reserve on legislative actions. The signatories went on to thank the regulators for their testimony, while also advising they maintain a “light touch” in their effort. The letter said: “The U.S. should be the home to this innovation, and should embrace these new technologies. In order for these efforts to […] The post Lawmakers Renew Calls for US to Lead on Crypto Innovation appeared first on Bitcoin Wiki.

Bangladesh is hunting Bitcoin traders

Source : Bangladesh is hunting Bitcoin traders Bangladesh wants to ban cryptocurrency trading and its usage by recently announcing that several major state institutions will begin ramping up efforts to crack down on Bitcoin adoption among Bangladeshi citizens. Bangladesh Central Bank had warned its Financial Institutions against Cryptocurrency transaction. Bangladesh Bank officials have again issued a warning pertaining to cryptocurrencies, this time, seeking to stop the country’s banks from providing any services related to Bitcoin. The Authorities dealing with the financial matter of the country are maintaining a strict vigil on cryptocurrency trading and a circular will soon be sent out detailing the matter. A high-level official from Bangladesh Financial Intelligence Unit says, “There is no way to purchase these currencies legally through banking channels. Cybercrime investigators are working on the matter.” Investigators from the Bangladesh Financial Intelligence Unit (BFIU) are reported to “hunt for bitcoin traders,” with the Bangladesh Telecommunication Regulatory Commission (BTRC) allegedly aiding said investigations. Officials from the BFIU and BTRC have held four meetings regarding cryptocurrency so far. Nazmul Islam, the assistant deputy commissioner of Bangladesh’s cybercrime unit, stated “We have already located a few Bitcoin users, and are on the hunt for more, along with a few web pages which are being checked for authenticity. Investigating cryptocurrency trading is a complex matter.” Bangladesh’s central bank also indicated that they are actively monitoring Bitcoin – with a report soon expected to be delivered to the Ministry of Home Affairs regarding the punishment for transacting in bitcoin. Dhaka Tribune wrote, “Localbitcoins.com says that cryptocurrencies are being traded in Bangladesh through banks, bKash, Rocket, and other methods of mobile banking” Bangladesh Central Bank was recently hacked by hackers who stole the money from Bangladesh Bank’s account at the Federal Reserve Bank of New York using fraudulent orders on SWIFT. Many analysts have said Blockchain is the only panacea that Bangladesh needs. Iqbal Rahim Khan, a Bangladeshi blockchain developer from Dublin says, “Considering the recent SWIFT or traditional banking system related scams and hacks, blockchain is the way to go and the world will soon accept it” The post Bangladesh is hunting Bitcoin traders appeared first on AMBCrypto.

IOTA Technical Analysis for 02/21/2018 – A Struggle for the Bulls

Source : IOTA Technical Analysis for 02/21/2018 – A Struggle for the Bulls IOTA continues to trend lower against bitcoin as resistance at the top of its descending channel held. Price has moved past the mid-channel area of interest and is now making its way towards support at 0.00014. The 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance is to the downside or that the selloff is likely to persist. These moving averages are also close to the channel resistance to add to its strength as a ceiling in the event of another pullback. Stochastic is indicating oversold conditions, though, which means that buyers could return soon. RSI is on the move down but also dipping into oversold territory to signal that selling pressure is exhausted. Against the dollar, IOTA has broken outside of its descending channel to indicate that a reversal from the earlier downtrend is underway. Applying the Fib tool on the latest swing low and high shows that the 61.8% level lines up with the broken resistance around 1.5000. The 100 SMA is below the longer-term 200 SMA also, but the gap is narrowing to signal a potential upward crossover. This also confirms that buying pressure could pick up soon. Stochastic and RSI are both on the move down so the correction could go on for a while. Both oscillators are nearing oversold conditions to show that sellers are starting to get tired and buyers might take over. If so, IOTA could move to the swing high against the dollar, which is near the 200 SMA dynamic resistance. The FOMC minutes are up for release today so it should be a volatile one for the dollar. Note that the US currency has been able to chalk up another winning day thanks to rising bond yields in the latest auction. Stronger Fed rate hike hopes could pave the way for another day in the green, especially if stocks and commodities chalk up more losses. The post IOTA Technical Analysis for 02/21/2018 – A Struggle for the Bulls appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

YouGov Direct: Digital Advertising Blockchain Data Exchange?

Source : YouGov Direct: Digital Advertising Blockchain Data Exchange? As we speak, the advertising ecosystem that is currently being used across the globe is embedded with a number of problems that directly affect consumers, brands, agencies, and even the publishers themselves. To be more specific, we can see that more often than not consumers have very little control over the data they are fed with and brands don’t know whether their ads are being seen by real customers or just bots. To add to this, with the advent of AdBlocker, it is now becoming increasingly harder to have a good online presence without spending a lot of money . Lastly, as per the latest guidelines released by the EU in 2018, when the GDPR comes into effect, there will be an substantial increase in consumer data protection (which will lead to a further falling down of advertising revenue). About The YouGov Direct Project YouGov Direct is an all new “blockchain-based platform and ad network” that has been designed to allow users to specify attributes that they would like to share with advertisers. As a result of this, advertisers will gain a better understanding in regards to the needs and wants of a particular customer, thereby allowing for better/ higher quality content to be delivered to them. It should also be mentioned that all of these activities are incentivised, and for each transaction taking place within the network, users will gain a set amount of native currency which can then be redeemed at a later stage. This platform has been developed by YouGov— a trusted name in online personal data within the UK and other European nations. Who Can Benefit From YouGov Direct? (i) Causal Internet Users: Apart from rewarding users for sharing some of their personal data, YouGov Direct also allows for improved profile control and privacy over our customized information. (ii) Publishers: Another underrated aspect of this platform is that it allows for an immersive shopping/ advertising experience for visitors. This is in part due to the fact that YouGov Direct lays in compliance with all of the latest rules laid out by the GDPR. (iii) Advertisers: Since this service comes embedded with filters and specialised algorithms, it is able to better target audiences for the relay of marketing content. This improves overall viewership as well as reduces the chances of Ad fraud. Why Choose YouGov? To start off with, we can see that this advertising platform is completely decentralized, and thus we can see where exactly the flow of money and content is being directed. It is also important to recognize that YouGov already comes with a 5 million strong panel team that is ready to volunteer information about themselves through survey responses. This means that YouGov Direct does not need to enter the market and then prove itself— since it already has a means of acquiring consumer data in a highly streamlined manner. Lastly, according the website, YouGov users will be “able to choose which personal attributes to …

Plus…YouGov Direct: Digital Advertising Blockchain Data Exchange?

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