'100 Archives -
The Federal Trade Commission announced Thursday that it’s looking to shut down the “largest overseas real estate investment scam” it has ever encountered: an unfinished luxury development in Belize whose owners, the agency said, bilked people out of more than $ 100 million.
The scheme’s perpetrators…
Over the next few weeks, Bitcoin.com is hosting a paper wallet design contest to create a beautiful cold storage visual graphic for bitcoin enthusiasts around the world. The competition is open to everyone and the winning entry will receive $ 100 worth of bitcoin cash.
Create a Unique Bitcoin.com
Paper Wallet Design to Win Bitcoin Cash
Just recently, Bitcoin.com launched its newly revamped paper wallet generator, so bitcoin cash (BCH) supporters can utilize a classic cold storage solution and print out BCH for friends and family. Paper wallets are just like traditional bearer bond instruments (paper bills) and they can be exchanged anonymously offchain. The paper wallet generation process is very easy and people can print out as many as they want — they can even add funds to their wallets after creating them.
The graphics team at Bitcoin.com has created a new paper wallet design that looks pretty sharp, but we thought it would also be cool to let BCH users submit their own artwork. Plus, contests are a great way to show community-driven spirit, as we know that BCH fans are particularly passionate.
Wanted: Passionate, Creative Bitcoiners
The winner will receive some BCH to spend, and their winning submission will also be displayed on our website, which gets millions of unique visitors every month. People will be able to use your custom design when they load up bitcoin cash on BCH bills for their friends this holiday season.
Paper wallets are a convenient way to store BCH and a personalized design looks even better. You can submit up to three different designs prior to the deadline on Nov. 1, 2018. Bitcoin.com will select and notify the winner on Nov. 5, 2018. Participants don’t have to be Photoshop masters to enter the competition, as we’re looking for passionate enthusiasm. So if you want to win $ 100 worth of BCH and show your artwork to millions of people, then send in your designs as .png files to email@example.com.
Visit this link for more information on the official contest rules.
Have you tried Bitcoin.com’s paper wallet generator? Let us know what you think about our paper storage solution in the comment section below.
Images via Shutterstock, Bitcoin.com, and Pixabay.
Why not keep track of the price with one of Bitcoin.com’s widget services.
The post Win $ 100 of Bitcoin Cash in Bitcoin.com’s Paper Wallet Design Contest appeared first on Bitcoin News.
If you thought Deontay Wilder was taking a shot in the wallet by fighting Tyson Fury and not Anthony Joshua, bite your tongue. ‘Cause Wilder says he could make SERIOUS money his next time in the ring. Like $ 100 million serious. Deontay sat down…
Christine Ford repeatedly named Supreme Court nominee Brett Kavanaugh as her attacker at a party in the ’80s, despite denials from the judge.
An actress who plays a post-apocalyptic juvenile delinquent on TV allegedly went nuclear on her BF in real life and got busted by cops. Law enforcement sources tell TMZ … Marie Avgeropoulos — who stars as Octavia Blake on CW’s hit sci-fi…
Kurt Warner says he would 100% support any teammate who chose to kneel during the national anthem … telling TMZ Sports it’s important to get behind guys who want to make societal change. Important to note: Warner says he himself would…
Southwest Airlines lost $100 million in revenue due to April accident, but still reported solid earningsJuly 28, 2018 | dailybusinessnews
The first onboard passenger fatality in Southwest Airlines’ history cost the Dallas-based airline about $ 100 million in revenue, but did not prevent the carrier from reporting strong earnings for the April-through-June quarter.
Executives of the low-cost carrier reported that the April 17 accident…
Jerry Morales, the mayor of Midland, Texas, and a local restaurateur, is being whipsawed by the latest Permian Basin shale-oil boom.
It’s fueling the region and starving it at the same time. Sales-tax revenue is hitting a record high, allowing the city to get around to fixing busted roads. But…
On June 1-3, 100+ coders gathered together for the ‘BCH Geek’ in Hangzhou, China, an event that focused on developers creating BCH-based apps in order to make “bitcoin cash available to all.” According to regional reports, the event was quite successful and there were a lot of cool applications built specifically to enhance the BCH network.
A Large Group of Developers at the BCH Geek Event Build Unique Applications Using the BCH Chain
There are a lot of applications being created for the Bitcoin Cash network and one hackathon, in particular, took place in Hangzhou, China to build more BCH-centric platforms. The BCH Geek event was held on June 1-3 and firms like Bitmain Technologies, Viabtc, and BTC.top were in attendance. According to local reports and BCH-focused forums, the hackathon featured 100+ programmers who produced solid research, prototypes, and applications built using the BCH blockchain. The BCH Geek event was initiated by the blockchain video portal Chongqing TED.CC, and other members of the BCH community.
BCH-Based Browser Plugins, an Authenticator, and a Quiz App
There were more than 11 teams who consisted of developers from firms like Viabtc, and students from Chongqing University. This week on Reddit, a BCH Geek attendee stated the hackathon resulted in a “satisfactory way,” while detailing the platforms created by a few of the top teams who participated in the event. Three teams mentioned in particular were the groups Mempool, Viabtc, and Gon. According to the report, Mempool created a URL-paying browser plug-in based on bitcoin cash which integrates with the HTTP and Status Code 402 protocol.
Viabtc developers designed a BCH-based authenticator that can store data and synchronize across multiple devices. The application does not require a server and authentication data can be restored easily. Another team called Gon designed an application called Token Dice which is a decentralized on-chain 1v1 quiz application based on BCH. The Token Dice programmers used the OP_Code, ‘OP_DATASIGNVERIFY,’ to build the quiz platform. Another application featured was called ‘IF Password’ a password management software (ifpass.cash) that is tethered to the BCH blockchain.
New BCH Apps to Appear in the Wild Soon
Attendees also heard from speakers such as Edward Liu, the co-founder of Bitkan, and Jiang Zhuoer, the founder of BTC.top, who talked about the innovation being built on top of the Bitcoin Cash network right now. The industry luminaries also spoke about currently built platforms like Memo, Blockpress, and Cointext that are providing the on-chain ‘killer apps’ once heralded a few years ago. The BCH Geek event ended with great success and it’s safe to say quite a few bitcoin cash-infused platforms demonstrated at the event in Hangzhou will be released into the wild shortly.
What do you think about the BCH Geek event held in China this week? Let us know what you think about this subject in the comment section below.
Images via Shutterstock, the BCH Geek event, and Cindy Daily.
Want a comprehensive list of the top 500 cryptocurrencies and see their prices and overall market valuation? Check out Satoshi Pulse for all that hot market action!
The post 100+ Coders Gather in China to Build Apps Tied to the Bitcoin Cash Network appeared first on Bitcoin News.
There are reportedly more than 100 exchanges in South Korea, most of which are not using the government’s real-name system. None of the small and medium-sized exchanges can use this system since banks have opted to only provide this service to the country’s largest exchanges.
30% Conversion Rate
It has been over 100 days since the government’s real-name system was implemented at the end of January. However, most crypto transactions are still not made through this system. All small and medium-sized exchanges continue to transact through corporate accounts. Business Korea elaborated:
The domestic cryptocurrency market is getting more opaque as the financial authorities are not pushing banks and cryptocurrency exchanges hard toward using real-name accounts.
According to Yonhap News, the conversion rate of the real-name system is currently only 30%.
While six banks are equipped with the real-name system, KB Kookmin and KEB Hana Bank are not issuing real-name accounts to any exchanges, the publication conveyed. Shinhan Bank also has not issued them for Bithumb, citing that the exchange “has not yet implemented the recommendations of the Korea Communications Commission after the hacking incidents.”
Real-Name System Ineffective
Banks have so far opted to only open real-name accounts for the country’s biggest crypto exchanges: Upbit, Bithumb, Coinone, and Korbit.
All other exchanges are not using real-name accounts; they are still using corporate accounts for crypto trading. It has been said that the use of such accounts leads to problems such as with Coinnest whose CEO was charged with embezzlement.
However, on Friday, Upbit was also investigated by the Korean prosecutors for alleged fraud even though banks are providing the real-name service to the exchange.
Nonetheless, with all small and medium-sized exchanges left out of the real-name system, “Some watchers suspect that the financial authorities are seeking to keep major exchanges, mainly the big four, in operation, killing other small and mid-size exchanges,” the news outlet noted, adding:
The authorities’ failure to implement the real-name trading system has resulted in rampant illegal trading. This is why concerns are growing that the market will be disturbed further as more and more foreign exchanges are pushing into the South Korean market.
“Under the current law, the financial authorities are not empowered to supervise cryptocurrency exchanges so they indirectly inspect the actual conditions through banks,” Business Korea described. The regulators have repeatedly explained that banks decide themselves whether to open real-name accounts for cryptocurrency trading. However, banks can be subject to anti-money laundering obligations and can be intensively investigated if problems arise. A bank official was quoted as saying:
It is a big risk for a bank.
New Exchanges Proliferate
Without enforcing the use of the real-name system, the publication pointed out that “the financial authorities themselves are undermining the purpose of the real-name system which is designed to improve transparency in cryptocurrency trading,” adding:
While the financial regulator is sitting on its hands on the matter, new cryptocurrency exchanges are mushrooming, making the cryptocurrency market more disorderly.
According to cryptocurrency industry sources, “there are over 100 cryptocurrency exchanges in South Korea, including those that are preparing to start [the] business,” the publication detailed, noting that there were about 60 in January when the real name system was announced and 40 more have emerged since then. Foreign crypto exchanges have also opened up in the country such as Huobi and Okex.
What do you think of the real-name system? Do you think Korea has too many exchanges? Let us know in the comments section below.
Images courtesy of Shutterstock.
Need to calculate your bitcoin holdings? Check our tools section.
The post 100+ Crypto Exchanges in South Korea – Government’s Real-Name System Ineffective appeared first on Bitcoin News.