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Survey Says 8% of the American Population Now Own Cryptocurrency

March 20, 2018 |

Survey Says 8% of the American Population Now Own Cryptocurrency

A new survey of Americans has discovered that the cryptocurrency community still has a long way to go to in order to simplify the technology or to reach out and educate more people in the United States, especially among women and older folks.

Also Read: Mainstream Media Reports of “Blockchain Elections” in Sierra Leone Are All Fake News

Today’s Bitcoin Buyers Are Still Early Adopters

Survey Says 8% of the American Population Now Own CryptocurrencyPersonal finance comparisons portal Finder recently commissioned a survey of 2,001 American adults to help map out the cryptocurrency landscape in the US. It found that 7.95% of the population has invested in a cryptocurrency, leaving much room for adoption to grow among the vast majority of Americans. And among the 92.05% of didn’t buy any cryptocurrency, 7.76% do plan to purchase some in the future.

As for the reasons people didn’t invest in cryptocurrency, 35.02% fear that the risk is too high, 27.04% find it too difficult to understand, 17.97% say it’s a scam, 16.12% are waiting for the “bubble” to burst, 11.40% find it too difficult to use, and lastly 5.75% think that there are too many fees. Just 40.01% say they are not interested or they think there’s no need for them.

The three most popular cryptocurrencies are bitcoin, with an estimated 5.15% of Americans surveyed owning an average of $ 3,453.89 in BTC; ethereum, with an estimated 1.80% of people owning an average of $ 1,243.42 in ETH; and bitcoin core with an estimated 0.90% of people owning an average of $ 636.22 in BCH.

27% of Americans Find Cryptocurrency Too Difficult to Understand
Source: finder.com

Cryptocurrency Demographics

27% of Americans Find Cryptocurrency Too Difficult to UnderstandThe survey also found a major gender gap in cryptocurrency holding, with just 4.27% of women saying they own cryptocurrency compared with 11.86% of men. And the average amount of bitcoin purchased by women is just $ 1,821.65, compared with $ 3,923.16 for men. This gap appears likely to continue in the future as of those who don’t own cryptocurrency, 6.28% of women and 9.47% of men plan to purchase.

The results also show a distinct generational gap in cryptocurrency ownership, with 17.21% of millennials having skin in the game compared with only 8.75% of Gen X and 2.24% of baby boomers. And millennials who haven’t purchased cryptocurrency are much likelier to just be those who find it too complicated to understand or too difficult to use.

27% of Americans Find Cryptocurrency Too Difficult to Understand

How should bitcoin advocates make the cryptocurrency more easily accessible to a wider segment of the American population? Share your thoughts in the comments section below!


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Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.

The post Survey Says 8% of the American Population Now Own Cryptocurrency appeared first on Bitcoin News.

Bitcoin News

Bill “On Digital Assets” Filed in the Duma, Disagreements Resolved

March 20, 2018 |

Bill “On Digital Assets” Filed In the Duma, Disagreements Resolved

The draft-law “On digital financial assets” aimed at regulating crypto-related matters in Russia has been officially filed in the State Duma on Tuesday. Disagreements between the Central Bank and the Ministry of Finance have been resolved, according to Deputy Finance Minister Alexei Moiseev. The CBR will have the final say in regards to the circulation of cryptos in the Russian Federation.  

Also read: Lawsuit Challenges Google’s Ban on Crypto Ads in Russia

The Law Regulates ICOs and Crypto Mining

The bill expected to regulate cryptocurrencies, initial coin offerings and crypto mining, has been introduced in the lower house of Russia’s parliament. The official website of the State Duma shows draft №419059-7 has been filed on Tuesday, March 20. The news comes right after Russians gave Vladimir Putin his fourth term in the Kremlin on Sunday. Preliminary results show the President has received more than 76% of the vote.

The draft law “On digital financial assets” defines the legality of “the most widely spread financial assets, currently created and/or issued using digital financial technologies”, according to the explanatory note. It clearly states that the bill covers the implementation of “distributed ledger of digital transactions”. The new legislation also creates “conditions for attracting investments by Russian legal entities and individual entrepreneurs through issuing tokens”. Tokens are described as a “type of digital financial asset”.

Bill “On Digital Assets” Filed In the Duma, Disagreements Resolved

The bill also sets the legal basis for conducting ICOs. It establishes the sequence of actions to follow a strict procedure for issuing tokens, RNS reports. The draft states that the release of tokens should be carried out through a public offer. If deputies adopt it in its current version, private individuals and legal entities conducting token sales will be required to disclose specified information about their ICOs.

The authors have included a clause to protect what they call “unqualified investors”. The Central Bank of Russia will have the authority to limit the amount of tokens such individuals can acquire. Initial reports suggested these investments would be capped at 50,000 Russian rubles (~$ 850 USD). A working group at the Ministry of Economic Development has proposed a 10-fold increase of the limit to 500,000 rubles ($ 8,500).

Bill 419059-7 gives legal definition to cryptocurrency mining. It has been referred to as a “business activity aimed at creating cryptocurrency and/or validation [of crypto transactions] in order to receive a fee in the form of cryptocurrency”. Other crypto-related terms, like smart contracts, have also been described in the draft.

The Central Bank to Decide the Fate of Bitcoin in Russia

A day before the Law “On digital financial assets” was introduced in the Duma, news came out that a major hurdle in the institutional debate on cryptocurrencies had been overcome. Disagreements between the Central Bank of Russia and the Ministry of Finance have been resolved, Deputy Finance Minister Alexei Moiseev confirmed. It has been decided that the CBR will now determine the fate of cryptos, like bitcoin, including their circulation and exchange in the Russian Federation.

Bill “On Digital Assets” Filed In the Duma, Disagreements ResolvedMinfin and Centrobank have argued about several issues related to the regulation of the crypto sector, including the idea of issuing a so-called “cryptoruble”. The main discord, however, was centered on the legalization of cryptocurrency exchange services in the Russian Federation. The bank has only voiced support for trading tokens with rubles and foreign currencies, but has opposed the ministry’s proposal to allow trade of cryptocurrencies on registered Russian exchanges.

The disagreements between the Ministry of Finance and the Central Bank have been “withdrawn”. The decision [about the exchange of cryptocurrencies] will be made by the Bank of Russia, Moiseev told journalists on Monday, quoted by RIA Novosti. The new Law “On digital financial assets” was prepared mostly by his department. The CBR has expressed concerns that cryptocurrency trade would open the door to legalizing dubious transactions.

Do you expect Russia’s parliament to quickly adopt the new crypto legislation? Share your thoughts in the comments section below.   


Images courtesy of Shutterstock, State Duma.


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The post Bill “On Digital Assets” Filed in the Duma, Disagreements Resolved appeared first on Bitcoin News.

Bitcoin News

Court Orders Telegram to Hand Russia Its Encryption Keys

March 20, 2018 |

Court Orders Telegram to Hand Russia Its Encryption Keys

Telegram has lost a court battle against handing its encryption keys to Russian security services. The messaging platform, which forms a pivotal network for the cryptocurrency community, has said it will appeal to the Supreme Court in a bid to prevent Russia obtaining the private data of millions of users.

Also read: Some of Bitcoin’s Earliest Adopters Find it Difficult to ‘Cash Out’

Telegram Battles for User Privacy

Supreme Court Judge Alla Nazarova today rejected an appeal filed by Telegram, objecting to Russia’s Federal Security Services (FSB) obtaining the encryption keys to its platform. As a result, Telegram will be legally obligated to grant security forces access to the private messages and other data of its users, unless it can convince an appellate court to reverse the decision. Shortly after the ruling was made public, Telegram CEO Pavel Durov had this to say:

Court Orders Telegram to Hand Russia Its Encryption Keys

The company finds itself in a difficult position. With the pre-sale for its own cryptocurrency underway, Telegram is seen as a flagbearer for a movement that prides itself on respecting user privacy, deploying encryption, and thwarting attempts at government interference. But as a Russian enterprise, Telegram is bound by the draconian laws that give the country’s security forces extensive surveillance powers.

Putin Wants a Backdoor Because Terrorists

In 2016, President Putin decreed that messaging services should provide a means of decryption for the benefit of its security services. Monitoring terrorists was the excuse cited. Russia is known for its human rights abuses and covert surveillance of journalists and dissidents, however, and it is hard to imagine that access to Telegram’s vast trove of user data would be used responsibly to identify terrorists only.

Western governments, including the UK and U.S., have found themselves engaged in an encryption war with tech companies, who insist that it is impossible to implement backdoors without weakening protocols. Create an entry point for state security, they insist, and it will be exploited by hackers and state-sponsored attackers.

Court Orders Telegram to Hand Russia Its Encryption Keys

Security Forces Plead Their Case

In court, the FSB argued that they would not be violating user privacy by obtaining encryption keys, because they would still require a court order to extract the data of specific users. Following the hearing, Telegram’s legal team dismissed this claim, stating: “The FSB’s argument that encryption keys can’t be considered private information defended by the Constitution is cunning. It’s like saying, ‘I’ve got a password from your email, but I don’t control your email, I just have the possibility to control.’”

Telegram is a Russian success story, led by the crypto-friendly Pavel Durov. He founded Telegram after a successful spell as CEO of VK, which grew to become Russia’s largest social network. Durov is also a major bitcoin holder, and Telegram’s own ICO to launch an integrated cryptocurrency and blockchain is already halfway towards its $ 1.7 billion goal. If Telegram can’t convince the Supreme Court to overturn today’s ruling, its only option may be to up tools and exit Russia altogether.

Do you think Telegram has a chance of overturning today’s ruling? Let us know in the comments section below.


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The post Court Orders Telegram to Hand Russia Its Encryption Keys appeared first on Bitcoin News.

Bitcoin News

PR: WBF – ‘Blockchain Set to Heat up Dubai’

March 20, 2018 |

WBF - 'Blockchain Set to Heat up Dubai'

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

With less than a month to go, Blockchain enthusiasts move quickly to secure tickets to World Blockchain Forum Dubai, joining global crypto elite in the heart of the UAE. Final release begins April 1st.

The Keynote team returns to Dubai for their third year to host visionary leaders, inspirational speakers and enterprising investors from around the world at World Blockchain Forum. Presentations will address investing, innovation and global opportunities of blockchain and crypto-technology.

With this year’s direction setting WBF focus on ICOs, and from the continued success in Miami shared between Shopin, ImpactPPA and TaxToken, Victory Square will once again offer a $ 100k investment between the top three ICO pitch projects over the two day conference.

Renowned as the longest-running crypto-technology conference in Dubai, WBF will delve into the possibilities of blockchain technology, the impact of cryptocurrencies on global financial markets and the shifting landscape of ICOs. As Keynote’s reputation for delivering the finest crypto conferences continues to grow, exhibitor places are now limited and the conference agenda is at capacity.

WBF Dubai speakers include:
Col. Saeed M. Al Hajri – Dir. of Cybercrime Dept., Dubai Police HQ
Dr. Marwan Alzarouni – CEO, OTC Supply DMCC
Dr. Noah Raford – COO, Dubai Future Foundation
Halsey Minor – Founder, CNET and Uphold
Mohammed Shael Al Saadi – CEO of Strategic Affairs, Dept. of Economic Development
Veronica McGregor – Partner, Goodwin
Gabriel Abed – Founder, Bitt
Ola Oudin – CEO, BitOasis
Nick Spanos – Co-founder, Zap.org
Gabriel Kurman – Co-founder, RSK Labs
Jason King – Co-founder, Academy
Moe Levin – Founder, Keynote
Ruslan Gavrilyuk – Co-founder, Taas.fund

“We are thrilled to host another meeting of brilliant minds in the heart of the UAE and look forward to welcoming leaders of the crypto community from around the globe. Since 2015 we have been committed dedicating more resources to the UAE, to bring His Highness Sheikh Hamdan’s blockchain strategy and vision to life,” said Moe Levin, Founder and CEO of Keynote.

Keynote has further announced an environmental partnership with Climate Futures, who have committed to offset all carbon emissions resulting from WBF Dubai. “We’re conscious that our global events are attracting more international travellers each year, so have decided to make 2018 the beginning of our contribution towards a healthier planet. Climate Futures will calculate the carbon footprint of WBF Dubai and offset this against one of their conservation or renewable energy projects,” said Lyndsey Robson, Chief of Operations at Keynote.

For a full list of speakers visit: https://dubai.keynote.ae/speakers/
Final release tickets can be purchased at: dubai.keynote.ae/tickets/

About Keynote
Keynote was launched in 2012 by blockchain strategist Moe Levin. Further information and details about Keynote and the event can be found at keynote.ae

For media inquiries, please contact Amandah Hendricks, Keynote’s Chief of Communications at amandah@keynote.ae

Supporting Link
https://dubai.keynote.ae

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: WBF – ‘Blockchain Set to Heat up Dubai’ appeared first on Bitcoin News.

Bitcoin News

Mainstream Media Reports of “Blockchain Elections” in Sierra Leone Are All Fake News

March 20, 2018 |

Reports of “Blockchain Elections” in Sierra Leone Were All Fake News

The hype around so called applications of “blockchain technology” is nothing new, as many people have successfully used it to get free publicity for themselves, riding the coattails of Bitcoin’s success. But while it so far was limited mainly to promoting ICO tokens and inflating stock prices, now it seems to have crossed a border into political affairs. Today the people behind the election process in the African nation of Sierra Leone had to publicly come out to correct the record about “the world’s first blockchain elections.”

Also Read: European Brokerage Robomarkets Adds Cryptocurrency CFDs for 24/7 Trading

C++ and SQL, No Blockchain

Reports of “Blockchain Elections” in Sierra Leone Were All Fake News
Freetown, Sierra Leone

Mohamed Conteh the Chairman of the National Electoral Commission (NEC) of Sierra Leone, the constitutionally-mandated organization supervising voter registration and all public election in the country, has come out to make it clear for the public that despite multiple media reports to the contrary, no distributed ledger technology was used during the country’s 7 March national elections. He stated that “the NEC has not used, and is not using blockchain technology in any part of the electoral process.”

Following the chairman’s statement, the commission even publicly revealed its exact technology used in the process to clear up any misconception. “The National Electoral Commission uses an in-house database to tally election results. This database was originally developed for the elections held in 2012. It was then expanded and updated, prior to the 2018 elections. The database was developed in C++ and runs on MS SQL – neither of which are open source applications. And it does not use Blockchain in any way.”

World’s First Blockchain Elections Hype

Reports of “Blockchain Elections” in Sierra Leone Were All Fake NewsThe false narrative that the NEC is trying to counter is that the country, which is struggling with having a fair, free and peaceful elections as it is still recovering from years of civil war, has been the testing ground for some kind of groundbreaking foreign technology. The source of this confusion is a Swiss startup which was an international observer during the process and published its own results as if it was working with the NEC, which many publications around the world ran with without questioning any of the claims.

Local Freetown entrepreneur Morris Marah told RFI: “It would be like me showing up to the UK election with my computer and saying, ‘let me enter your counting room, let me plug-in and count your results,’ they basically took a paper card of the results and put it on their system. That’s what everybody else is doing, that’s not new.”

Tamba Lamin, technical architect for the Sierra Leone Open Election Data Platform, stated: “[we] are deeply concerned about the misleading headlines being propagated on the internet…Agora is claiming undue credit for doing nothing that helped the people of Sierra Leone…we find this unethical and insulting to the people of this country. The results tallied and published by Agora had no impact on the 2018 Elections. All we ask for is that the company does the right thing and retract the fake news otherwise we will be forced to take any recourse available to us.”

Should crypto news sites just stick to reporting on real currencies like bitcoin and leave the blockchain technology hype for companies to dupe investors with? Share your thoughts in the comments section below!


Images courtesy of Shutterstock.


Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.

The post Mainstream Media Reports of “Blockchain Elections” in Sierra Leone Are All Fake News appeared first on Bitcoin News.

Bitcoin News

Bittrex to Delist 82 Altcoins at End of March

March 20, 2018 |

Bittrex to Delist 82 Altcoins at End of March

Bittrex will delist 82 different altcoins on March 30th. The exchange has stated that the delistings are taking place in order to ensure that all tokens listed meet the platform’s “strict coin listing criteria and have a properly functioning blockchain and wallet”.

Also Read: 76% of This Year’s ICOs Are Already Under Water 

Bittrex Announces Mass Altcoin Delisting

Bittrex has revealed that it will delist 82 different altcoins on March 30th. The exchange has informed customers that they must withdraw soon-to-be delisted altcoins that they wish to keep prior to the date of their removal from the platform.

Bittrex has stated that the decision to delist these tokens has been made on the basis of maintaining the company’s “strict coin listing criteria”. Of the 82 digital tokens to be delisted, 28 have either “broken blockchains or wallets that will not allow withdrawals.” Other tokens are set to be delisted due to thin liquidity.

The tokens to be delisted are 8BIT, ADC, AM, AMS, APEX, ARB, BITS, BITZ, BLC, BOB, BSTY, BTA, CCN, CRBIT, CRYPT, DAR, DGC, DRACO, DTC, FC2, FRK, FSC2, GEMZ, GHC, GP, GRT, HKG, HYPER, HZ, J, KR, LXC, MAX, MEC, METAL, MND, MTR, MZC, NAUT, NET, NEU, NTRN, OC, ORB, PRIME, PXI, ROOT, SCOT, SCRT, SFR, SLG, SLING, SOON, SPRTS, SSD, STEPS, STV, SWING, TES, TIT, TRI, TRK, U, UFO, UNIQ, UNIT, UNO, UTC, VIOR, VIRAL, VP, WARP, XAUR, XBB, XC, XCO, XDQ, XPY, XQN, XSEED, XTC, and YBC.

Bittrex Seeks Greater Regulatory Compliance

The delistings are taking place amid increasing steps on the part of Bittrex to ensure greater regulatory adherence.

On the 9th of March, Bittrex’s new terms of service came into effect, prohibiting “citizen[s] or resident[s] of any state, country, territory or other jurisdiction that is embargoed by the United States” – North Korea, Iran, the Crimean region, Syria, and Cuba – from accessing the exchange.

On March 7th, Bittrex responded to the United States Securities and Exchange Commission (SEC)’s announcement that if an “Online trading platform […] offers [the] trading of digital assets that are securities […] then the platform must register with the SEC as a national securities exchange or be exempt from regulation.”

The exchange stated that it “is committed to incubating new blockchain technology projects and offering innovative, compliant digital tokens to our customers. Bittrex uses a robust digital token review process to ensure the tokens are listed on the exchange are compliant with U.S law and are not considered securities.” The exchange added that it “look[s] forward to continuing [its] proactive dialogue with the SEC and other regulators on how to build a secure, fully-regulated environment for blockchain.”

Do you think that more exchanges will delist altcoins in a bid to attain greater regulatory complaince? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


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The post Bittrex to Delist 82 Altcoins at End of March appeared first on Bitcoin News.

Bitcoin News

Some of Bitcoin’s Earliest Adopters Find it Difficult to ‘Cash Out’

March 20, 2018 |

Wealthy Darknet Vendors Have Issues 'Cashing Out'

The price of BTC had increased in value significantly over the years, reaching $ 19,600 at its highest peak – and the exchange rate rests at $ 8,500 today. This is a stark contrast to just over a year ago when the digital currency’s value was under $ 1,000 per coin. Since the fiat value has increased so much it has made some early investors very rich. Moreover, there’s one group of early adopters that no one likes to talk about — darknet market vendors.

Also read: Since Embracing Bitcoin, Robinhood App Value Jumps to $ 5.6 Billion

Wealthy Darknet Vendors Have Issues ‘Cashing Out’

Whether people like to talk about it or not, darknet markets (DNM) exist, and some people believe vices are not crimes. Some well-known bitcoiners have made millions gathering the currency in the early days but there are also anonymous millionaires that people will never know. DNM operators and vendors are among bitcoin’s earliest adopters since the inception of the first modern DNM the Silk Road launched in 2011. Estimates detail that the Silk Road took in $ 30-45 million annually with 146,946 buyers in 2013 and 3,877 vendors. When the Silk Road collapsed in October of 2013 many of those vendors moved on to newer DNMs and many of them still exist today.

Wealthy Darknet Vendors Have Issues 'Cashing Out'

According to a report by Vice author David Gilbert, lots of DNM vendors have obtained massive quantities of bitcoins by selling their wares and deeds online but cashing them out into fiat isn’t so easy. Gilbert details that many of the super-rich vendors have even contacted Swiss banks trying to exit into fiat in a quiet manner. Some have even offered bank employees 10 percent to get them “out of the situation.” Further, some DNM vendors from marketplaces like the Wall Street Market, the Point market, and others detail how they get their bitcoin’s back into the fiat system.

Modus Operandi

One method is mixing the coins and selling them locally to someone who is willing to pay cash for the cryptocurrency. Another procedure is purchasing prepaid cards with the BTC that offer credits and gift redemptions to a wide range of stores. A funny technique is using the payment service Western Union as one vendor sends his coins to platforms that “automatically transfer bitcoin to Western Union accounts.” Lastly, however, if a person decides to exchange their cryptos for fiat, the trick is to do it slowly, as one vendor remarks the process can be “slow and tedious.” The report goes on to quote another vendor who explains that roughly only 20 percent of these people have come up with “innovative ways of cashing out — 80 percent have no idea how to do it.”

Put Yourself Through School

Wealthy Darknet Vendors Have Issues 'Cashing Out' DNM vendors have been making a lot of money for quite some time as news.Bitcoin.com reported back in 2016 the day-to-day affairs of everyday darknet merchants. One guy ran a one-man operation making $ 200-300 thousand USD per year and operations security (Opsec) was his top priority. Another DNM merchant made $ 150K annually and put himself through grad school selling LSD, DMT, ketamine, cocaine, and MDMA. The DNM merchant detailed that many vendors used their funds for schooling at universities so they could one day go ‘legitimate.’

It’s safe to say DNM vendors are some of the earliest adopters but many of them have to use rather unique methods of utilizing the funds. Additionally, these types of individuals and groups were some of the first people to give bitcoin its value proposition and utility as DNM vendors are quite literally crypto’s first merchants — and they still are very loyal. However, the evolution of blockchain surveillance companies has become a threat to DNM vendors and many of them may have to try different techniques to avoid the law.

What do you think about the darknet market vendors trying to ‘cash out?’ Let us know what you think in the comments below.


Images via Shutterstock, and Pixabay. 


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Bitcoin News

PR: ChronoBase Will Run a Token Pre-Sale to Protect Your Watch with a Blockchain Technology

March 20, 2018 |

Chronobase Will Run a Token Pre-Sale to Protect Your Watch with a Blockchain Technology

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

The world’s first decentralized luxury watch database – ChronoBase – announces its token pre-sale, which will start on March 27th. Thanks to this database, the owners of luxury watches will be able to price them accordingly and claim ownership on the spot, while manufacturers and dealers will be able to prove the ‘clean’ origin of watches.

ChronoBase is based on the modern blockchain technology called a decentralized database. The system will generate an Ethereum-based certificate that cannot be falsified. Moreover, users can check whether the watch is stolen and find out if it is already in use to avoid a fraud.

The Etherum-based blockchain technology makes any manipulations with the data impossible — what the user has put into the system remains safely guarded. The technology enables ChronoBase to keep and verify the whole ownership history of the watch, making it available to users anywhere in the world, in just a few clicks. All you need to do is to enter the brand name, model, and serial number.

Andreas Fleischer, ChronoBase CEO, says: ‘Luxury watches are not just an accessory; it is also an investment. As well as artworks, any watch increases in price over time. Therefore, keeping as much information about the luxury watch as possible is extremely important, whatever it takes. This is possible even in case of a loss or theft. How? Thanks to blockchain technology and ChronoBase service.’

ChronoBase partners receive access to all profitable features: watches registration and ownership confirmation with original documents; lost or stolen watches search; verified information on watches history, age, ownership; maintenance, repair, restoration or any other service registration.

From April 11th to June 5th ChronoBase will be selling the tokens of its platform, the sale is followed by the pre-sale from March 27th to April 5th. 100 million tokens are issued for sale. The initial price for 1 BASE is 0.1 USD. The BTC and ETH cryptocurrencies will be accepted.

About ChronoBase

ChronoBase is a reliable and easily accessible database with the information on thousands of luxury watches, which can be registered by manufacturers, dealers, owners etc. The project has the modern blockchain technology — a decentralized database — as its cornerstone. The whole watches life cycle, from manufacturing to end usage, can now be recorded in the blockchain. For more information visit https://chronobase.io.


https://t.me/chronobase
https://www.facebook.com/chronobase.io/
https://www.youtube.com/channel/UCxsR_OiLSJE1l9-25WOZ6Ag
https://medium.com/@chronobase
https://www.linkedin.com/company/chronobase/

Contact Email Address
sm@dailyco.in
Supporting Link
https://chronobase.io

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: ChronoBase Will Run a Token Pre-Sale to Protect Your Watch with a Blockchain Technology appeared first on Bitcoin News.

Bitcoin News

Ukraine to Compensate a Citizen in Bitcoin – for ”Moral Damages”

March 20, 2018 |

Ukraine to Pay a Citizen in Bitcoin - for ”Moral Damages”

A district court in Kiev Oblast has accepted a lawsuit which is setting a precedent in Ukraine. The plaintiff seeks compensation in bitcoin for “moral damages” caused by law enforcement officials. A preliminary hearing has been scheduled after the presiding judge found no legal grounds to reject the claim.

Also read: Lawsuit Challenges Google’s Ban on Crypto Ads in Russia

Setting a Precedent

For the first time in Ukraine’s judicial practice, a claim for compensation in cryptocurrency has been accepted by a local court. Ukrainian citizen Dmitriy G. wants to be paid 1 BTC for “moral damages” he suffered in result of an “unlawful” search. He is suing officers from Ukraine’s Security Service (SBU) and their colleagues from the Prosecutor’s Office who conducted the operation.

Ukraine to Pay a Citizen in Bitcoin - for ”Moral Damages”
Borispolskiy Court’s decision (Forklog)

Borispolskiy District Court in Kiev Oblast has agreed to look into the case and has even scheduled a preliminary hearing, Forklog reports. Judge Zhuravskiy found no legal grounds to reject the lawsuit, according to a document, acquired by the outlet.

All applicable norms have been observed, according to the court, which has already sent a copy of its resolution to the defendants. They have 15 days to respond officially to the claims made by the plaintiff. If the government agencies fail to do so, the court proceedings will continue based on the available information.

Regardless of the end result, the legal action has already set a precedent in Ukraine’s court practice. If Dmitriy is granted the bitcoin compensation he seeks, that would de facto legalize cryptocurrencies as means of payment in the country.

Bitcoin in Legal Limbo

Technically and legally, the status of cryptocurrencies in Ukraine is still undefined. At least three drafts have been introduced in parliament since last October. One of the bills defines cryptocurrency as property that can be exchanged for goods and services. Another one states that cryptos are financial assets. A third, supplementary draft amends Ukraine’s tax code to introduce exemptions for crypto profits and incomes. No real progress towards the adoption of new legislation has been reported in 2018.

Ukrainian Court Accepts Claim for Compensation in Bitcoin

There have been multiple calls, including from officials and institutions, for the regulation of cryptos, like bitcoin. A cybersecurity meeting in January discussed cryptocurrencies and the National Security Council set up a working group tasked to finalize proposals. Ukraine’s Cyberpolice also called for the legalization of cryptocurrencies.

Earlier, the country’s justice minister Pavel Petrenko stated that digital currencies should be brought into the legal field. The State Financial Monitoring Service has already announced its official position on cryptocurrency matters. Ukraine’s parliament, however, has made no significant advances towards adopting a comprehensive regulatory framework.

Some statements suggest that Ukrainian legislators may separate crypto mining and cryptocurrencies in the new legislation. Mining can be legalized in the country before decisions are made in regards to the status and the circulation of cryptos. Recently, Ukraine’s Minister of Economy ordered several ministries and agencies to prepare the documents necessary to add crypto mining to the state register of economic activities.

Do you think similar cases can effectively legalize bitcoin even before dedicated legislation has been passed by lawmakers? Share your opinions in the comments section below.  


Images courtesy of Shutterstock, Forklog.


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Bitcoin News

Find Real BTC Rewards Roaming 3,000 Levels in New Japanese Mobile Game

March 20, 2018 |

Find Real BTC Rewards Roaming 3,000 Levels in New Japanese Mobile Game

There’s a new Japanese Android and iOS game called Itadaki Dungeon that allows players to earn small micro-bits of BTC while venturing through 3,000 underground levels. The free game is a 2D course filled with weapons, special items, and cryptocurrency treasure.

Also Read: US State Exempts Cryptocurrencies From Property Taxes 

The 2D Mobile Game Itadaki Dungeon’s mBTC Incentives

The company Atstage Inc. has recently launched a 2D video game called, Itadaki Dungeon, which allows players to earn bitcoin while trying to beat roughly 3,000 courses. The levels feature a dungeon-type of atmosphere where players can use a sword, hammer, or gun to attack starving monsters waiting to harm them. While perusing through the medieval landscape, little bitcoins appear, and characters can snatch the coins up and add it to their collected items. Each bitcoin-treasure contains a small amount of mBTC, and Itadaki Dungeon players can try and gather as much as they can while playing the game.

Find Real BTC Rewards Roaming 3,000 Levels in New Japanese Mobile Game
The 2D mobile game Itadaki Dungeon has 3,000 courses.

The game has a 4.1 rating on the Google Play and iOS app store and has some decent reviews on the platform alongside positive reviews on other forums. For players familiar with the games “Itadaki Street” and “Dragon Quest” the entertainment is quite similar.

“Test your skills in an expansive dungeon with 3000 underground levels,” explains the Atstage Inc. developers.

The courses are simple with flat, one-lane paths that you can rush through on your way to the stairway to the next underground level.

Japanese Mobile Game Itadaki Dungeon Offers BTC Rewards
The game’s latest update fixes bitcoin rewards on the 400th course.

The Japanese Dungeon Game Follows Other Video Games Incorporating Crypto-Rewards

The Atstage creation Itadaki Dungeon follows other video games and fun mobile apps that offer cryptocurrency rewards. For instance, there is the game Bitcoinbandit a mobile phone game that allows players to earn mBTC. Coins are collected in the tournament mode within the game, and top-ranking players can earn additional mBTC payments. The game Counterstrike Global Offense (CS: GO) offers virtual currency rewards in Digibyte. While other altcoin networks like the game Spells of Genesis has integrated cryptocurrency rewards as well. Pokébits is a Pokémon RPG browser game that adds a BTC faucet to the gaming experience. Players compete in missions throughout well known Pokémon arenas while earning satoshis.

Japanese Mobile Game Itadaki Dungeon Offers BTC Rewards
After obtaining a little BTC symbol on screen, the interface will tell you how many mBTCs the treasure is worth.

Just like the other games, Itadaki Dungeon will attempt to attract players with mBTC rewards. The game is free, but don’t expect to be a ‘bitcoin-millionaire’ overnight playing the Japanese mobile game, as the game’s reviews say you got to play a lot of courses to earn small fractions of mBTC.  

What do you think about Itadaki Dungeon? Does playing countless hours of dungeon-like courses interest you if you are rewarded in mBTC? Let us know your thoughts about this game in the comments below. 


Images via Itadaki Dungeon, Atstage Inc., and the Steemit user Shogun


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