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| April 27, 2018

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Zuckerberg says internet regulation ‘inevitable,’ but he’ll still put up a fight

April 11, 2018 |

After two days of testimony on Capitol Hill, Facebook’s Mark Zuckerberg wants you to know: He’s sorry — really, really sorry — about that Cambridge Analytica thing, and he’s open to some degree of internet regulation.

Is he really sorry? If contrition is measured in a willingness to put on a suit…


L.A. Times – Business

SpaceX gets FCC approval to offer broadband internet service with satellites

March 29, 2018 |

The Federal Communications Commission has approved SpaceX’s application to provide broadband internet access with satellites.

The FCC said in a statement Thursday that the approval was another step to “increase high-speed broadband availability and competition in the United States.”

Last month,…


L.A. Times – Business

Cointext Launches Beta — Send Bitcoin Cash Without the Internet

March 29, 2018 |

Cointext Launches Beta — Send Bitcoin Cash Without the Internet

This week, the text messaging platform Cointext announced the public launch of its feature service that allows anyone with a mobile phone to transact with bitcoin cash (BCH) without internet services. Cointext uses a phone’s Short Message Service (SMS) protocol, and the beta release can now be tested throughout the US, Canada, South Africa, Switzerland, Sweden, Netherlands, and the UK.

Also read: Crypto Business Is Now Legal in Belarus

Cointext Launches Beta Release Allowing Users to Send and Receive Bitcoin Cash With SMS Technology

Cointext Launches Beta — Send Bitcoin Cash Without the InternetBitcoin cash users now have the ability to send BCH without an internet connection through a mobile phone’s SMS protocol. On March 27, the developers of Cointext launched the public beta version of its platform. The lead developer of Cointext, and also the company’s co-founder and CTO, Vin Armani, announced the launch.

“Cointext is the easiest and most powerful way to spread the use of Bitcoin Cash because it works with any type of mobile phone and you don’t need any knowledge of cryptocurrency to use it,” Armani explained the day of the launch.

The Killer App

Cointext Launches Beta — Send Bitcoin Cash Without the InternetBecause Cointext runs over the SMS communication layer for mobile phones, the platform’s wallet can do things most traditional crypto-wallets cannot. For instance, with Cointext BCH can be sent to a feature phone (Nokia-type) in order to target developing nations. Nearly 2,000 individuals have already signed up for Cointext during a soft launch for private testing. The platform is also giving away free BCH due to the donations provided by the BCH community. While supplies last, Cointext is giving $ 0.50 in bitcoin cash to first time users who text the word ‘CASH’ to the firm’s access number. Other Cointext command lines and instructions can be found on the company’s website.

“Money, or currency, has always been the killer app for bitcoin, not merely a store of value,” Armani emphasizes.

Cointext is delivering the original promise of permissionless, borderless money to the unbanked around the world.

Cointext Launches Beta — Send Bitcoin Cash Without the Internet
Cointext in action.

Cointext Hopes to Gain Billions of Users Worldwide

The development team explains that Cointext does not hold user funds, and all SMS transactions are settled on the BCH network on-chain. The SMS client cannot modify or censor any transactions, and it can’t recover funds if a user loses their phone number. The firm collects roughly $ 0.05 cents worth of BCH for sending messages, and the fee is always the same.

Armani details that Cointext will be looking for feedback during the beta trial from BCH users experimenting with the platform. The co-founder says he hopes the application can be utilized in 54 countries and attract the attention of billions of people.  

“If everything goes smoothly, we’ll launch the next wave of access numbers in April and May, including the first language translations,” Armani adds.

What do you think about the Cointext project? Let us know in the comments below. 


Images via Pixabay, and Cointext. 


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The post Cointext Launches Beta — Send Bitcoin Cash Without the Internet appeared first on Bitcoin News.

Bitcoin News

Julian Assange Has Lost His Internet Access

March 29, 2018 |

Much like a child caught blowing off his math homework, Julian Assange has lost his internet privileges. USA Today reports Ecuador announced Wednesday it had cut off the WikiLeaks founder’s internet access. Assange has been living at the Ecuadorian embassy in London since 2012, avoiding alternately extradition to Sweden on…
Newser

Russian, Chinese, Korean Associations to Sue Internet Giants Over Banned Crypto Ads

March 28, 2018 |

Russian, Chinese, Korean Associations to Sue Internet Giants over Banned Crypto Ads

Cryptocurrency and blockchain associations from Russia, China and South Korea plan to file a class action against internet corporations banning crypto ads. The lawsuit will challenge restrictions imposed by Facebook, Google, Twitter and Yandex. An agreement to take the matter to court in the US has been reached at a crypto conference in Moscow.

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

Cartel Collusion and Abuse of Power

Russian, Chinese, Korean Associations to Sue Internet Giants over Banned Crypto AdsThe lawsuit will be filed in a US jurisdiction in May by the newly founded Eurasian Blockchain Association (EBA). Representatives of the Russian Cryptocurrency and Blockchain Association (RACIB), the Korea Venture Business Association (KOVA) and the Chinese Association of Cryptocurrency Investors (LBTC) have signed the agreement to create EBA during the BlockchainRF-2018 congress in Moscow (27-28 March). A special cryptofund will be created to finance the legal action, which can be supported through donations.

The most popular social network Facebook and the largest global search engine Google banned crypto ads in January and in March respectively. Russian media have reported about a similar decision by the biggest search engine in the country “Яндекс” (Yandex). The company has not official confirmed the measure.

Reports that Twitter is going to also impose restrictions surfaced about 10 days ago. According to Reuters, the microblogging platform has confirmed the policy change which will take effect on Tuesday March 27. The ban will cover advertising of initial coin offerings and token sales, Twitter told the agency this Monday. It has been reported that another social media platform, Snapchat, has also banned advertisements of ICOs.

Shareholders to Be Held Accountable

The simultaneous refusal to advertise cryptocurrencies could testify that there was a cartel collusion, said RACIB’s president Yuri Pripachkin, quoted by Tass and Interfax. “We think these four companies are using their monopoly power and have colluded to manipulate the market,” he added. Pripachkin pointed out that the bans led to significant market drops in the last months.

The matter will be taken to a US-based court, the official said. Lawyers will have the final say about the jurisdiction where the lawsuit will be filed. “You know, every state has different laws. Some states, like Wyoming for example, have been fair towards cryptocurrencies,” Yuri Pripachkin commented, quoted by RIA Novosti.

Pripachkin added that EBA can also sue the companies in the states where they are registered. Legal actions can be taken against their managers and shareholders, if it’s proved that they have and use cryptocurrency wallets, he said.

Russia Losing Money on ICOs Held Abroad

Russian, Chinese, Korean Associations to Sue Internet Giants over Banned Crypto AdsLast week RACIB warned that the Russian economy could lose up to 1.5 billion USD from ICOs conducted by Russians in more favorable jurisdictions. Coin offerings with Russian participation account for 10% of the global ICO market. Russian projects have attracted $ 310 million dollars in 2017, according to a report that will be presented to President Putin.

Two laws legalizing blockchain technologies, mining, cryptocurrencies and coin offerings have been introduced in the State Duma, the lower house of Russia’s parliament. They will be adopted in June or July this year, Anatoliy Aksakov, head of the parliamentary Financial Market Committee, said during the BlockchainRF-2018 congress.

Cryptocurrency miners will be obliged to register as individual entrepreneurs or legal entities under the new regulations, Aksakov told participants at the conference. He also revealed that mining businesses will enjoy tax breaks for a period of two years after the adoption of the digital economy legislation.

Do you think the US justice system will strike down the bans on crypto ads imposed by leading global internet corporations? Tell us in the comments section below.


Images courtesy of Shutterstock.


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The post Russian, Chinese, Korean Associations to Sue Internet Giants Over Banned Crypto Ads appeared first on Bitcoin News.

Bitcoin News

Now China’s Internet Giants Are Shaking Up the Car Industry

March 18, 2018 |

Tech firms Baidu Inc., Alibaba Group Holding Ltd. and Tencent Holdings Ltd.—aka the BATs—have conquered e-commerce and mobile payments on smartphones and now are moving onto their next platform, cars.
WSJ.com: US Business

South Korea Internet Giant Moves Deeper Into Crypto

March 12, 2018 |

South Korea Internet Giant Moves Deeper Into Crypto

What a week for the peninsular nation, 대한민국 Republic of Korea. Moon Jae-in’s administration appears to have brokered a potential meeting between heads of state to avoid nuclear holocaust, and in more practical terms local media is widely reporting regional internet giant Kakao will deepen its involvement with cryptocurrency in South Korea by incorporating crypto into its various, hugely popular, platforms.

Also read: Québec Premier: We’re Not Really Interested in Bitcoin Mining

Kakao to Make Crypto Ubiquitous in South Korea

주식회사 카카오 Kakao, sometimes romanized in press accounts as Cacao, has tentacled itself into every conceivable community platform: Kakaotalk chat application (app), Kakaomusic app, Kakaostyle mobile fashion service, Kakaopay e-wallet, Kakaobank, Kakao T taxi app, and those are just for starters.

The company’s penetration in South Korea is deep and growing, especially regarding cryptocurrency. Toward Fall of last year, these pages informed readers Kakaotalk had, through its inner-app Kakaostock, planned a cryptocurrency exchange to trade bitcoin and ether. The effort was to exploit the app’s 200 million worldwide users as well as its having gobbled up 95% of the domestic smartphone market.

South Korea Internet Giant Moves Deeper Into Crypto

Little more than a month later, the company announced launch of Upbit, with over 110 cryptocurrencies, making it the largest of its kind in South Korea. By December, “Kakao’s cryptocurrency exchange Upbit [claimed] to be the largest crypto exchange by volume in South Korea, one of the top three markets globally. Listing over 120 coins and leveraging Kakao Talk’s massive user base, Upbit currently facilitates an average daily trading volume of 5 trillion won,” News.Bitcoin.com reported.  

아시아경제 Asian Economy, a Korean online news organization, reports the company isn’t letting up on its crypto business model. In fact, Kakao “will introduce a virtual currency payment system. It will be applied not only to its own platforms such as KakaoTalk, but also to more than 10,000 Kakaopay merchants.”

Kakao Coin

South Korea Internet Giant Moves Deeper Into Crypto

Huffington Post Korea quotes a Kakao official as saying, “We are discussing the introduction of a cryptographic business, including ICO, through subsidiaries,” and a more concrete announcement will be given on the 20th of this month. Its financial technology arm “has introduced a service to support virtual currency settlement in the first half of the year,” Asian Economy continued. Kakao is reportedly also considering its own proprietary coin, Kakao Coin, or something approximating. “When a consumer chooses to pay for a virtual currency,” merchant settlement will continue to be in won, but the crypto currency will be able to trade among all of Kakao’s platforms, from taxis to video games. It is unclear as to whether the latest platform will facilitate usage of other coins, such as bitcoin.

According to the Huffpo, “There is no reason not to enter the coin market for companies doing various content businesses like cacao,” an industry official is quoted as saying. “Instead of cash, you can use your coin to get payment data, and add it to your card company or payment agency. I do not have to pay a commission, so there are many advantages. The [coin] can attract overseas users, but the government has a negative view on ICO, so it should be more widespread whether it can be universally used in Korea.”

South Korea Internet Giant Moves Deeper Into Crypto

The company will reportedly smuggle it all under the subsidiary name of Kakao Blockchain, according to Money Today. The online source also indicates recent success of its global rival, Telegram, to raise hundreds of millions of dollars during an initial coin offering (ICO) has prompted Kakao to take a harder look at the investment opportunity. However, “ICO is illegal in Korea,” Money Today points out, “For this reason, it is estimated that the ICO will be conducted overseas in Singapore and Hong Kong.”

What do you think about Kakao’s crypto expansion? Let us know in the comments!


Images via Pixabay, Kakao. 


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The post South Korea Internet Giant Moves Deeper Into Crypto appeared first on Bitcoin News.

Bitcoin News

PR: CryptoWorld LLC Announces Wall Street and the Internet of Money Conference.

February 27, 2018 |

Cryptoworld Internet of Money Conference.

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.

Over 30 of the world’s leading blockchain, cryptocurrency and investment experts to speak on a variety of important topics, including regulation, crypto based products, capital raising and valuation at the Intercontinental Hotel in Times Square on March 22nd 2018.

New York NY. February 27, 2018 – CryptoWorld LLC, a crypto asset consultancy firm, announced today that the firm will be hosting a unique one-day conference to address the challenges and opportunities blockchain technology presents to the investment community. The most important issues surrounding cryptocurrencies and tokens will be explored with dynamic and thought provoking sessions covering topics such as how to raise capital using cryptocurrency, lessons learned from ICO’s, how to evaluate crypto assets, regulation and investor protection, transparency, trading and execution as well as the existential risks facing the market today.

The list of speakers blends a diverse mix of practitioners, such as Alex Mashinsky, founder of the Celcius Foundation and previously founder of two of New York City’s top 10 venture-backed exits since 2000, and Michael Terpin, CEO of Transform group who has advised more than 50 ICOs. The conference also boasts leading academics including Michael Casey and Cristina Dolan from the Digital Currency Initiative at the MIT Media Lab.

“With such meteoric growth in Bitcoin, Ethereum, and other alt coins, people in the finance and particularly the investment sector, are getting bombarded with information and misinformation,” says Ronnee Ades, senior partner at the firm. The Wall Street and The Internet of Money Conference was created to gather the leading practitioners, academics and solution providers in the Blockchain and crypto asset fields to discuss, debate, educate and evaluate the current market environment and offer their prognostications about its the future.

The one-day conference will be held at the conveniently located Intercontinental Hotel in Times Square, New York City on March 22nd, 2018. Tickets to attend can be secured at cryptoworldco.com. Those who register before March 1st are eligible for discounted tickets.

About CryptoWorld LLC

CryptoWorld LLC is dedicated to providing comprehensive educational forums in the rapidly growing blockchain technology and crypto asset markets.

The CryptoWorld team, led by industry veterans has spent many years working within the eco-system of retail and institutional investors, and partnering with the world’s leading academics and industry practitioners to provide leading edge educational solutions for practical implementation and commercial success.

Contact Email Address
Cheryl@cryptoworldco.com
Supporting Link
cryptoworldco.com

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: CryptoWorld LLC Announces Wall Street and the Internet of Money Conference. appeared first on Bitcoin News.

Bitcoin News

Internet Pioneer John Perry Barlow Who Influenced Assange & Snowden Dead at 70

February 11, 2018 |

John Perry Barlow is dead. Your unacknowledged soulmate, he was what everyone would call an internet pioneer, understanding early cyberspace’s potential. During his varied and colorful life, he collected many friends, among them Grateful Dead singer and guitarist Bob Weir, John F. Kennedy Jr., Timothy Leary, and Vice President Al Gore. His A Declaration of the Independence of Cyberspace is at once an angry, defiant, hopeful document, and is mandatory inclusion in anthologies covering what we understand as the net’s birth.   

Also read: In Defiance of Trump Admin, Berkeley Considers Cryptocurrency

Internet Pioneer John Perry Barlow’s Legacy Is This Obituary

“The sincerity and marrow of the man reaches to his sentences [….] Cut these words, and they would bleed; they are vascular and alive,” wrote Emerson of French Renaissance philosopher Michel de Montaigne. Such praise leaps out in demand of an update to our age, and Mr. Barlow’s words are best read aloud to get a sense of those mid-19th lauds.

“Governments of the Industrial World,” Mr. Barlow begins his famous anti-entreaty, “you weary giants of flesh and steel, I come from Cyberspace, the new home of Mind. On behalf of the future, I ask you of the past to leave us alone. You are not welcome among us. You have no sovereignty where we gather.”

The junior lyricist of the Grateful Dead, as he often referred to himself, was royalty at gatherings of weekend counter-culturalists. His hymn to the burgeoning cyber community was itself written at a time and place of intense irony. While cypherpunks toiled in virtual obscurity and often outside the law, Mr. Barlow had access to wealth and power.

A Declaration of the Independence of Cyberspace continues, “We have no elected government, nor are we likely to have one, so I address you with no greater authority than that with which liberty itself always speaks. I declare the global social space we are building to be naturally independent of the tyrannies you seek to impose on us. You have no moral right to rule us nor do you possess any methods of enforcement we have true reason to fear.”

Irony and Inspiration

At some point he befriended then-Vice President Al Gore, and was frequent guest on Air Force II to such jaunts as the World Economic Forum in Davos, Switzerland. That would be where the irony comes. Amidst global government minders in 1996, indeed his patrons, he managed to work out what some have called a founding document of more radical internet ideologies. There is little doubt his essay lit fires under many who would go on to found the cryptocurrency revolution.

“You have not engaged in our great and gathering conversation, nor did you create the wealth of our marketplaces,” he spat. “You do not know our culture, our ethics, or the unwritten codes that already provide our society more order than could be obtained by any of your impositions.”

His admirers are diverse; Ann Coulter, Edward Snowden, and Julian Assange all counted him as an influence. In particular, the ethos contained in Mr. Barlow’s manifesto would show up again in many of Mr. Assange’s most passionate arguments regarding an open and unfettered internet space. Mr. Snowden would embody Mr. Barlow’s words.  

More than mere philosopher, he helped to found the Electronic Frontier Foundation (EFF) in 1990, an advocacy and policy group he’d continue with until his death. Prior, he directed the legendary online board Whole Earth ‘Lectronic Link (WELL), bringing together techies, writers, and musicians. Much later, he would lend his imprimatur as emeritus fellow of the Berkman Klein Center for Internet and Society at Harvard University, and found the Freedom of the Press Foundation, which now counts Edward Snowden as its president.

Anecdotes about him touching the lives of everyone can be found in the startup days of Wired magazine to earlier hacker conferences and in the Dead song “Cassidy.” Mr. Barlow died in San Francisco in his sleep.  

What are your thoughts on Mr. Barlow’s life? Let us know in the comments section below.


Images courtesy of Pixabay, Twitter.


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The post Internet Pioneer John Perry Barlow Who Influenced Assange & Snowden Dead at 70 appeared first on Bitcoin News.

Bitcoin News

5th-Grade Exam Question Leaves Internet Stumped

February 4, 2018 |

“If a ship had 26 sheep and 10 goats on board, how old is the ship’s captain?” Stumped? So are fifth-grade students in China’s Shunqing district of Nanchong, where the aforementioned question appeared on a math exam for the 11-year-olds. Some gave their best guesses, with one student impressively noting…
Newser