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The government shutdown, which started Saturday, could be here for a while, HuffPost warns. Negotiations between Democrats, Republicans, and the White House seem far off, with Republicans saying Democrats must vote to fund the government before they’ll negotiate on immigration and Democrats saying they won’t vote to fund the government…
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It is known, the investment process can eventually be destroyed by the initial coin offering (ICO) or ensuing token generation events. The new business model existing it the world of blockchain technology changes traditional fundraising campaigns in the way of clarity, transparent success and safety. Producing of the held-for-trading tokens raises the capital in this process.
The peculiarity of ICO is founded on the idea of using the crypto tokens. The main two tokens types proving the services and products of ICO to the potential investors are the utility tokens (app coins) and equity tokens. In case of business success, the investors are able to get the money in cash or different coins in exchanges (e.g. ETH, BTC) by trading on the basic cryptocurrency exchanges. The adventurous for an ICO is the perspective of capital growth that can provide further development of the project based on the blockchain.
ICO INVESTING COULD BE THE BEST WAY TO GROW RICH
Throughout 2017 ICO became the most commercially successful and investment attractive way to get the capital for starting the business. Such ICO niches like gambling, finance, healthcare, E-learning are in great demand with investors.
As was said earlier, the substitution of traditional business models for new ones in the world of blockchain technologies brings advanced ways for project development, its fundraising, and realization. First of all, it is evenly necessary to spend the time on learning the rock-solid whitepaper and well-crafted website if the investor is interested in ICO investing. Full knowing of core ICO audience and the idea of ICO are also essential for starting investment.
A GRAIN OF SAND ON THE BEACH
The advent of plenty ICOs and new tokens with every week, the realization of them and understanding of possible sustained profit is like looking for a grain in the beach. That is why new investors should be aware of the main rules and regulations of ICO’s country. The investors have better chance to differentiate ICOs with wealth potential from scams if they fully understand the business environment.
Generally speaking, ICOs always try finding the right solution of the problem regarding startup based on the blockchain. The secret of success lies in understanding the ICOs market subtle aspects, the suggestions, and provided solutions.
THE DIFFERENT WAYS FOR SPORTS BETTING
After lots of tries to develop the newest blockchain PokerStars website, sports betting remained an untouched ICO sub-niche in the gambling industry. It is natural that players need the favorable and secure environment as much as the investors need the tidy gambling income. The ICO’s model simplifies the betting process and fundamentally changes the common gambling industry.
XWIN – THE SPORTS BETTING SAFE PLATFORM BASED ON THE BLOCKCHAIN
XWIN is the betting sharing Ethereum platform based on the blockchain. The development of the crypto-bookmaker platform is the primary XWIN goal. Using the Ethereum smart contracts to ensure the transparency of transactions, XWIN breaks the online bookmaking industry and provides a comfortable environment for gaining income out of gambling for both investors and players.
The XWIN business model with margins from six to twenty percent per bet has promising income prospects. The funds are meant to be used for players’ and investors’ awarding as well as development and farther improvement of XWIN platform.
Disposition of funds:
25% guaranteed payments for players
20% maintenance and managing defrayment
35% promotion, PR, and advertising, online/offline marketing
20% amount distributed among investors
The campaign of XWIN tokens open sale will come to the end on Jan.30, 2018. The Pre-ICO reached the deadline on Dec.31, 2017 and entered the ICO phase that started on Jan.1 up to Jan.30,2018. The value of one XWIN is 0.004 ETH. XWIN tokens are already available to grab.
For more information, please visit xwin.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: X Win Crypto Bet – the Right ICO Could Be the Best Way to Enrich Yourself appeared first on Bitcoin News.
Russia’s national cryptocurrency, the cryptoruble, is unlikely to be created in the foreseeable future, according to the Bank of Russia. The central bank believes that it could be used to bypass regulations. Meanwhile, the finance ministry wants to use the cryptoruble for cross-border payments.
Cryptoruble Could Bypass Regulations
The first deputy governor of the Bank of Russia, Sergey Shvetsov, said at the Gaidar Forum this week that “The appearance of a cryptoruble in the foreseeable future is unlikely,” Tass reported. He elaborated:
I’m of the opinion that as long as the demand for cryptocurrencies is linked to a large extent with the bypass of regulations, it is clear that the regulator cannot afford to issue a cryptoruble, which will allow to bypass regulations.
The bank’s first deputy chairman, Olga Skorobogatova, shared the sentiment, stating previously that she did not see the need for a cryptoruble.
However, she said that the central bank is considering introducing a supranational digital currency within the BRICS or the Eurasian Economic Union (EAEC).
Cryptoruble for Cross-Border Payments
Meanwhile, Deputy Finance Minister Alexei Moiseev told reporters at the forum that his ministry “supports the idea of using a cryptoruble in cross-border settlements,” Tass also reported. He detailed:
The issue on which to focus now is the use of electronic money, a cryptoruble, in cross-border settlements. Settlements with our leading trading partners, at least the countries of the former USSR, could be made not in a foreign currency but in electronic rubles.
However, Moiseev may not be referring to a cryptocurrency, as he previously expressed, “To be honest, I do not even understand what a cryptoruble is…I understand what an electronic ruble is.”
Early this month, Russia’s president Vladimir Putin commissioned work to create a cryptoruble as a tool to circumvent international sanctions. He first ordered the creation of this new currency in October of last year.
Cryptoruble Delayed to Mid-2019
In an interview with Hi-Tech Mail, the Russian Association of Blockchain and Cryptocurrency (RACIB) estimated that the cryptoruble will not appear in Russia until at least the middle of next year. “If the proposal on the cryptoruble will be put forward in July as part of the president’s instruction, the normative documents will be drafted and introduced in the fall,” the director of the association explained, adding that:
They should be agreed at the end of the year, and the launch of the currency will take place in the middle of 2019.
When do you think Russia will finally issue a cryptoruble? Do you think it will be a cryptocurrency? Let us know in the comments section below.
Images courtesy of Shutterstock.
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The post Cryptoruble Delayed – Russian Central Bank Worried It Could Bypass Regulations appeared first on Bitcoin News.
First came their daughter’s escape from an alleged house of horrors. Now come the charges. David Turpin, 56, and Louise Turpin, 49, of Perris, Calif., were charged Thursday with multiple felony counts of torture, child abuse, abuse of dependent adults, and false imprisonment. David Turpin was hit with an additional…
Olympics diplomacy will get its day, even if it comes beneath the shadow of the North Korean nuclear program.
CNN.com – RSS Channel – World
On the heels of a renewed hunt for treasure in a tiny French village comes the tale of buried treasure in California. The San Francisco Chronicle takes a look back at one of the state’s colorful historical figures: Granville P. Swift, the great-nephew of Daniel Boone who came to the…
Rogelio Galdamez could be forced to return to El Salvador, a country he left nearly 20 years ago, with his three American children who have never lived outside the US.
CNN.com – RSS Channel – Regions – Americas
The South Korean government has announced that cryptocurrency traders will be fined if they do not convert from existing virtual accounts, which allows for anonymous trading, to real-name accounts. Regardless of their service levels to crypto exchanges, banks have been ordered to implement the new system this month as planned.
Crypto Traders Facing Fines
The South Korean financial authorities said on Sunday that cryptocurrency traders in the country “will be fined for refusing to convert their virtual accounts into real-name ones,” Yonhap reported.
Currently, crypto traders are able to trade anonymously by using virtual accounts. However, the authorities have banned banks from issuing new ones and mandated them to install the new system “that ensures only real-name bank accounts and matching accounts at cryptocurrency exchanges to be used for deposits and withdrawals,” the news outlet detailed, adding that:
Cryptocurrency traders will be allowed to convert their virtual accounts into real-name ones within this month, but those who refuse to accede to real-name identification will face fines.
“People who have traded virtual currency have been told that if they refuse to check their real name, they will be penalized for depositing into an existing account,” the Kyunghyang Shinmun elaborated. Only withdrawals will be allowed from existing virtual accounts.
South Korea first enforced the Real Name Financial Transaction System on August 3, 1993, forcing all financial transactions to be conducted under real names.
Until that time, financial transactions of large amounts between private parties were often conducted under false names or pseudonyms. In 2014, this law was revised and penalties of imprisonment of up to five years or a fine of 50 million won (~USD$ 47,000) were introduced.
While the amount of the fine has not been determined for violations by cryptocurrency traders, Yonhap pointed out that “In 1993, violators of the country’s real-name financial transaction system were slapped with fines amounting to 60 percent of their financial assets.”
Furthermore, Chosun quoted a government official saying, “Currently, we are establishing a taxation plan for virtual currency transactions centered on the accounting department. If a virtual currency real name verification system is introduced, we will be able to obtain data on individual traders.”
Banks Must Install the New System Regardless
The financial authorities started inspecting 6 major Korean banks at the beginning of last week for their anti-money laundering compliance related to virtual account services. The inspection was supposed to end on January 11 but the authorities decided to extend it to January 16. Following the extension announcement, banks became reluctant to implement the real-name system as mandated by the cryptocurrency regulation.
Shinhan Bank was the first to announce its decision not to implement this new system. The bank immediately sent a letter to each exchange it currently provides virtual account services to, informing them of its decision. Among them was Bithumb, South Korea’s largest cryptocurrency exchange. Following Shinhan’s move, other banks were also reportedly ready to follow suit and delay the implementation of the real-name system.
However, on January 13, the government held a meeting with representatives of the 6 banks and asked them to implement the new real-name system as planned, regardless of whether they decide to service crypto exchanges or not. A financial official was quoted by Hankook-Ilbo:
Even if virtual currency transactions are entirely illegal, the real name verification system needs to be introduced by itself.
Following the government’s instruction, banks reportedly agreed to implement the new system as planned.
What do you think of the Korean government imposing fines on cryptocurrency traders? What do you think of them making banks install the real-name system regardless? Let us know in the comments section below.
Images courtesy of Shutterstock and Shinhan Bank.
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The post South Korea Announces Crypto Traders Could Face Fines Under New System appeared first on Bitcoin News.
Facebook shares were down more than 4% early Friday to $ 180.10 after the social network announced it was making major changes to its signature News Feed.
Facebook said it would begin prioritizing posts from users’ friends and families that spark the most interaction over posts from brands and publishers.