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Swiss Crypto Exchange-Traded Product Launching Nov. 21, but It’s Not an ETF

November 20, 2018 |

Swiss Crypto Exchange-Traded Product Launching Nov. 21, But It’s Not an ETF

New.Bitcoin.com has confirmed that the exchange-traded product tracking an index of five leading cryptocurrencies will start trading on Switzerland’s principal stock exchange on Nov. 21. The exchange has also confirmed that this product is not an exchange-traded fund (ETF). The country’s financial regulator, Finma, explains the differences.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Differences Between ETPs and ETFs

Swiss Crypto Exchange-Traded Product Launching Nov. 21, but It’s Not an ETFThe news of the cryptocurrency exchange-traded product (ETP) by Zug-based Amun AG having been approved by Switzerland’s principal stock exchange, Six Swiss Exchange, spread throughout the crypto community over the weekend.

The product tracks an index of five major cryptocurrencies: BTC, XRP, ETH, BCH, and LTC. While Amun’s website refers to this product only as an ETP, some believe that it is an exchange-traded fund (ETF).

Swiss Crypto Exchange-Traded Product Launching Nov. 21, but It’s Not an ETFETPs and ETFs are two different products, listed under different categories on Six Swiss Exchange.

A spokesperson from Finma, Switzerland’s financial regulator, told news.Bitcoin.com:

It is important to separate ETPs from ETFs, as ETPs are not subject to the Collective Investment Schemes Act (Cisa) and are therefore not supervised by Finma.

Noting that ETFs “are funds that are traded on an exchange and normally track the performance of an index,” he emphasized that “In Switzerland, these products are subject to the Cisa.”

A spokesperson from Six Swiss Exchange also confirmed to news.Bitcoin.com that Amun Crypto is an ETP, not an ETF, adding that the product will start trading on Wednesday, Nov. 21. The exchange clarified:

ETPs are collateralized, noninterest-earning bearer debt securities which replicate an underlying [asset] (generally from the commodities sector), either on a regular or leveraged basis. Like ETFs, they trade in a multi market-making segment, but in legal terms they are not funds.

ETFs, ETPs and ETNs

On its website, Six Swiss Exchange detailed different types of “passive financial products in Switzerland.” The first two on the list are ETF and ETP.

Swiss Crypto Exchange-Traded Product Launching Nov. 21, but It’s Not an ETF

The document indicates that ETPs include exchange-traded notes (ETNs) and exchange-traded commodities (ETCs). ETNs are a type of debt security that trades on exchanges and promise a return linked to a market index or other benchmark. ETCs also trade on exchanges but provide exposure to commodities and commodity indices.

Swiss Crypto Exchange-Traded Product Launching Nov. 21, but It’s Not an ETFFurthermore, ETFs and ETPs also carry different risks. “ETFs are separate pools of assets,” Swiss Funds and Asset Management Association described in its report on ETFs and Index Funds. “In the event of the insolvency (bankruptcy) of the provider (e.g. the fund management company or custodian bank), the assets and rights of the ETF can be segregated, and there is no issuer risk in this regard.” Debt securities, however, “often entail an issuer risk that is hard to calculate,” the report author noted.

Public Misunderstanding Led to Trading Suspension

Swiss Crypto Exchange-Traded Product Launching Nov. 21, but It’s Not an ETFXBT Provider’s exchange-traded products have also been misunderstood by the public.

In September, the U.S. Securities and Exchange Commission (SEC) temporarily suspended trading of the company’s products — Bitcoin Tracker One and Ether Tracker One — due to the inconsistencies of their descriptions.

The commission wrote:

The broker-dealer application materials submitted to enable the offer and sale of these financial products in the United States, as well as certain trading websites, characterize them as ‘exchange traded funds (ETF)’ … Other public sources characterize the instruments as ‘exchange traded notes (ETN)’.

In addition, the SEC noted that “the issuer characterizes them in its offering materials as ‘non-equity linked certificates’,” which “are not principal protected” and “do not bear interest.”

Citing “a lack of current, consistent and accurate information” of the two investment vehicles which resulted “in confusion amongst market participants regarding these financial instruments,” the SEC justified its decision to suspend their trading.

What do you think of Amun Crypto ETP trading on Six Exchange? Let us know in the comments section below.


Images courtesy of Shutterstock, Six Swiss Exchange, and Finma.


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The post Swiss Crypto Exchange-Traded Product Launching Nov. 21, but It’s Not an ETF appeared first on Bitcoin News.

Bitcoin News

PR: BitCanna – Dutch Blockchain Startup Launching a Revolutionary Cannabis Platform

October 31, 2018 |

BitCanna - Dutch Blockchain Startup Launching a Revolutionary Cannabis Platform

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.

Leading global cannabis brands are ready to go cashless and take advantage of all the opportunities offered by the BitCanna blockchain platform

AMSTERDAM, October 31, 2018 – With the current exponential growth of both the global cannabis industry and blockchain technology, there is a potential partnership that stands to benefit both. Within the cannabis industry, there is a growing demand for payment solutions, track & traceability of crops, and trust mechanisms. BitCanna is combining the best of all worlds, addressing each of these problems through the launch of its blockchain platform and associated cryptocurrency. Over the past year, a team of 20 dedicated specialists has worked in close collaboration with the cannabis industry on the development of the platform and its global expansion. A large and growing number of leading international brands have already confirmed their partnership, and on the first of November their ICO will open for interested investors.

Most banks and financial service providers still refuse to process cannabis transactions due to the large degree of regulatory uncertainty in the industry. Leading experts and entrepreneurs from both the financial and cannabis industries view this as a huge opportunity to build a global digital payment solution for cannabis retailers that can circumvent traditional financial institutions.

“Keeping up with constantly changing cannabis laws is very difficult. So banks, credit card companies, and online payment providers either refuse to get involved in cannabis, or they charge excessively high transaction fees,” according to Jan Scheele, CEO of BitCanna. “That puts companies who are selling cannabis products legally in a tricky situation — they have to figure out how to take their businesses cashless and sell online without breaking any laws. That’s where BitCanna will help.”

BitCanna is a global blockchain technology company that helps cannabis companies to go cashless securely, legally, and cost-effectively. The company claims to be able to process transactions using its BitCanna token almost instantaneously and for a fee of just a few cents. It will also let vendors manage their supply chains and record all customer identification data. It is an incremental technological breakthrough for the entire global industry.

“It doesn’t matter if it’s a $ 10 or $ 100 transaction. Our customers will pay a small flat fee,” says Scheele. “We’re introducing a payment system that will make it cost-effective and safe for all cannabis companies to accept digital payments — whether they’re selling online or in-store.”

It’s not just online retailers who can benefit from blockchain technology. Some brick and mortar cannabis retailers spend as much as 10-15% of their revenues on security and staff to upkeep a cash-only business. Providing these companies with payment processing technology can help them reduce security risks while complying with regulations.

Many industry experts believe that despite the growth we’ve seen over the past few years, the cannabis market is only just beginning to take shape. In the United States alone, the cannabis market is forecast to double from $ 22B in 2017 to $ 44B in 2020. And the global market is expected to reach $ 140B by 2027, according to European investment bank Bryan, Garnier & Co.

BitCanna is well-placed to benefit from this growing industry. The company will have direct integration with some of the largest online cannabis shops when it launches in Q3 2019. It will run pilots at brick and mortar locations in the cannabis capitals Amsterdam and Barcelona. BitCanna alone has already partnered with dozens of cannabis companies to create the BitCanna Alliance. Alliance members are active in 27 countries and attract a combined 10 million unique website visitors a month so far.

The company has ambitious plans to become the global digital payment solution for the cannabis industry. It will launch in Europe first and then quickly expand to the rest of the world.

About BitCanna

BitCanna is a decentralized payment network for the legal cannabis industry. The company was founded by Boy Ramsahai, a true cannabis industry veteran who founded an internationally successful cannabis media company in 1991. His Dutch-language magazines High Life and Soft Secrets are well known in the Netherlands. BitCanna has partnered with major brands in the European cannabis market to form the BitCanna Alliance. The Alliance is working to create a healthy and transparent cannabis market by securing and tracking digital transactions and implementing supply chain and customer management.

Contact Email Address
info@bitcanna.io

Supporting Link
https://www.bitcanna.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: BitCanna – Dutch Blockchain Startup Launching a Revolutionary Cannabis Platform appeared first on Bitcoin News.

Bitcoin News

BTCC Launching Cryptocurrency Exchange in South Korea

October 17, 2018 |

BTCC Launching Cryptocurrency Exchange in South Korea

Hong Kong-headquartered cryptocurrency exchange BTCC is reportedly launching services in South Korea this month. In addition to a cryptocurrency exchange, the company will offer a wallet service, a mining pool, and a consumer payments service, according to its Korean website.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

BTCC Expanding Into South Korea

BTCC, formerly known as BTC China, is launching services in South Korea on Oct. 31, according to the Investor. The beta service will start this month and the exchange “will make its official debut in November,” the publication added.

BTCC Launching Cryptocurrency Exchange in South Korea“The world’s first cryptocurrency exchange BTCC is preparing to open in Korea,” the company wrote on its Korean website’s homepage. Four services are listed: an exchange, a wallet service, a mining pool, and a service to facilitate consumer payments. “BTCC is establishing an on / offline payment system using cryptocurrency,” its website states, adding that it “is expanding services for real-life use.”

The news outlet elaborated:

BTCC said it will expand its footprint through strategic tie-ups with local and global firms.

BTCC Launching Cryptocurrency Exchange in South KoreaFounded in 2011, BTCC was one of the largest cryptocurrency exchanges in the world by trading volume before the Chinese government cracked down on cryptocurrencies and initial coin offerings (ICOs) in September last year. The government’s action caused all major cryptocurrency exchanges to exit China and move their operations overseas.

Following the crackdown, BTCC shut down its operations in China and re-launched its services in Hong Kong. The company is now headquartered in Hong Kong but serves a global customer base. The new BTCC exchange offers the trading of five cryptocurrencies against the USD — BTC, BCH, ETH, LTC, and DASH. In addition, the latter four cryptocurrencies can be traded against BTC. The BTCC Korea exchange, however, has not announced which coins will be supported.

BTCC Launching Cryptocurrency Exchange in South Korea
Cryptocurrencies supported on the main BTCC website.

Korean Cryptocurrency Ecosystem

BTCC Launching Cryptocurrency Exchange in South KoreaThe South Korean cryptocurrency market is dominated by four exchanges: Upbit, Bithumb, Coinone, and Korbit. Bithumb is the largest cryptocurrency exchange in the country by trading volume while Upbit is the largest by the number of coins listed. Upbit, which offers the trading of 164 coins in 276 markets, is a partner of U.S.-based exchange Bittrex and is backed by Kakao Corp., the operator of the country’s most popular chat app, Kakao Talk.

On Oct. 12, Bithumb confirmed that it was sold to a consortium led by a well-known plastic surgeon, as news.Bitcoin.com previously reported.

Another major cryptocurrency exchange that exited China and entered the South Korean market following the Chinese government’s crackdown is Huobi. The exchange launched its Korean operations in March, offering the trading of over 100 coins in over 200 markets, according to its website.

What do you think of BTCC expanding into South Korea? Let us know in the comments section below.


Images courtesy of Shutterstock and BTCC.


Need to calculate your bitcoin holdings? Check our tools section.

The post BTCC Launching Cryptocurrency Exchange in South Korea appeared first on Bitcoin News.

Bitcoin News

Fidelity Launching Crypto Custody and Trading Services

October 16, 2018 |

Fidelity Launching Crypto Custody and Trading Services

Fidelity Investments has announced the launch of a new company dedicated to providing cryptocurrency services including custody and trade execution. The services will be available to institutional investors such as hedge funds, family offices, and market intermediaries.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

New Crypto Company Formed

Fidelity Launching Crypto Custody and Trading ServicesLeading financial services corporation Fidelity Investments announced on Monday the launch of a new company called Fidelity Digital Asset Services LLC. The firm explained:

The company will offer enterprise-quality custody and trade execution services for digital assets, commonly referred to as cryptocurrencies, to sophisticated institutional investors such as hedge funds, family offices and market intermediaries.

The services offered will be in three areas: institutional-grade custody, trade execution, and dedicated client service.

Fidelity Launching Crypto Custody and Trading ServicesThe custody service will provide “a secure, compliant, and institutional-grade omnibus storage solution for bitcoin, ether and other digital assets,” Fidelity detailed, adding that its solution consists of vaulted cold storage and an access control system the firm described as “multi-level physical and cyber.”

The trade execution service will leverage the firm’s internal crossing engine and smart order router which “will allow for execution at multiple market venues.” Lastly, its clients “will have access to a dedicated team of client service specialists, from onboarding throughout the entire relationship with the company,” the firm elaborated.

Tom Jessop, head of Fidelity Digital Asset Services, told CNBC that the firm already works with 13,000 institutional clients. He noted:

These institutions require a sophisticated level of service and security, equal to the experience they’re used to when trading stocks or bonds.

With assets under administration of $ 7.2 trillion, Fidelity says it helps more than 27 million people invest their own life savings and employs more than 40,000 associates.

Fidelity’s Crypto Efforts

Fidelity Launching Crypto Custody and Trading Services
Abigail P. Johnson.

Fidelity Investments’ chairman and CEO, Abigail P. Johnson, first revealed her firm’s crypto plans in May last year. She said at the time, “I love this stuff … and what the future holds … I’d like to think that huge new markets and products will be built on these open platforms.”

The firm began researching cryptocurrency in its blockchain incubator in 2013. It has experimented with crypto mining and has integrated with Coinbase to allow customers to see their crypto balances on the Fidelity website. In 2017, Fidelity Charitable, a public charity, received $ 69 million in crypto donations.

In Monday’s announcement, Johnson commented:

Our goal is to make digitally-native assets, such as bitcoin, more accessible to investors … We expect to continue investing and experimenting, over the long-term, with ways to make this emerging asset class easier for our clients to understand and use.

What do you think of Fidelity launching crypto custody and trading services? Let us know in the comments section below.


Images courtesy of Shutterstock, Forbes, and Fidelity Investments.


Need to calculate your bitcoin holdings? Check our tools section.

The post Fidelity Launching Crypto Custody and Trading Services appeared first on Bitcoin News.

Bitcoin News

30 Crypto ATMs Launching in India — Unocoin Unveils Solution to RBI Banking Ban

October 14, 2018 |

30 Crypto ATMs Launching in India — Unocoin Unveils Solution to RBI Banking Ban

A major crypto exchange in India, Unocoin, has officially announced the launch of its crypto ATMs. CEO Sathvik Vishwanath told news.Bitcoin.com that, initially, the company plans to deploy 30 machines in three Indian cities. “These ATMs help people to cash in and cash out which was not possible before” due to the crypto banking ban imposed by the country’s central bank.

Also read: RBI Argues Supreme Court Should Not Interfere With Its Crypto Decision

30 Crypto ATMs in 3 Cities

30 Crypto ATMs Launching in India — Unocoin Unveils Solution to RBI Banking BanUnocoin has officially announced the launch of its cryptocurrency automated teller machines (ATMs). Last week, the exchange confirmed the existence of the project after someone spotted one of the machines and posted a picture of it on social media.

Sathvik Vishwanath, Unocoin’s CEO, revealed to news.Bitcoin.com on Sunday:

The first ATM will be operational in Bangalore tomorrow…In the first phase we plan to deploy 30 machines…The first one is in Bangalore followed by Mumbai and New Delhi in the upcoming week.

30 Crypto ATMs Launching in India — Unocoin Unveils Solution to RBI Banking Ban
Unocoin’s ATM. Photo credit: Twitter.

The company explained that all customers of Unocoin and its crypto-to-crypto trading platform, Unodax, can deposit and withdraw rupees using the ATMs. “Users are subject to some limits on deposits and withdrawals per transaction and per day subject to cash handling restrictions in India,” the exchange clarified. The minimum amount for deposits and withdrawals is 1,000 rupees (~$ 13.57) and must be in multiples of 500 rupees.

Vishwanath emphasized, “All coins on Unocoin and Unodax can be bought using the money deposited through ATM machines. We presently have 30 coins that can be bought.”

Established in 2013, the Bangalore-based crypto exchange now has 120 full-time employees. The exchange claims that it has processed transactions worth more than 2 billion rupees for over 1.3 million customers.

Solution to RBI Crypto Banking Ban

30 Crypto ATMs Launching in India — Unocoin Unveils Solution to RBI Banking BanIndia’s central bank, the Reserve Bank of India (RBI), issued a circular in April banning financial institutions under its control from providing services to crypto businesses. The ban went into effect in July and all crypto exchanges in India subsequently lost their ability to provide rupee deposit and withdrawal services. Unocoin announced the suspension of its fiat support on July 13. The company has been looking for new mechanisms to allow its users to deposit and withdraw rupees ever since.

Vishwanath clarified to news.Bitcoin.com that “The ATMs deployed by us do not need any banking partnerships. These are stand-alone machines that can accept and dispense cash,” elaborating:

These ATMs help people to cash in and cash out which was not possible before due to RBI restriction on banks to not provide bank accounts. The gap is now completely filled by these ATMs except that physical access is required to deposit and withdraw money.

How to Deposit and Withdraw INR Using Unocoin ATMs

In its Sunday announcement, Unocoin detailed how users can deposit and withdraw rupees using its ATMs.

30 Crypto ATMs Launching in India — Unocoin Unveils Solution to RBI Banking BanTo deposit INR, a user needs to “enter his user ID and the OTP [one-time password] that he just received as SMS on his registered mobile number,” the company explained. After confirming account details and depositing funds into the machine, the user’s account will be updated and funds credited for use on both Unocoin and Unodax.

To withdraw INR, “users have to make a request by visiting Unocoin.com or through Unocoin mobile app where he would specify [the] desired amount for withdrawal.” A 12-digit reference number from Unocoin will then be sent to the user to enter into the ATM, along with the OTP sent to the user’s registered mobile number.

What do you think of Unocoin launching 30 crypto ATMs in three Indian cities? Let us know in the comments section below.


Images courtesy of Shutterstock, Twitter, and Unocoin.


Need to calculate your bitcoin holdings? Check our tools section.

The post 30 Crypto ATMs Launching in India — Unocoin Unveils Solution to RBI Banking Ban appeared first on Bitcoin News.

Bitcoin News

Major Indian Exchange Unocoin Launching Crypto ATMs

October 10, 2018 |

Major Indian Exchange Unocoin Launching Crypto ATMs

A major cryptocurrency exchange in India, Unocoin, has confirmed that it is launching crypto ATMs. While a formal announcement has not been made, an image of one of the exchange’s ATMs spreading on social media suggests that the machines support at least five cryptocurrencies.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Unocoin’s Crypto ATMs

Major Indian Exchange Unocoin Launching Crypto ATMsUnocoin, one of the largest cryptocurrency exchanges in India with over 1.2 million customers, is preparing to launch its own line of crypto automated teller machines (ATMs). An image of one of the exchange’s machines has been extensively shared on social media since Tuesday.

Sathvik Vishwanath, Unocoin’s CEO, confirmed to news.Bitcoin.com on Wednesday:

It is true that we are launching our ATM machines but we have not made the news public yet. We may need about a week more before we get this operational. Someone has spotted a machine and [they] are spreading the pic and speculation around.

The words “instant deposit & withdrawals for your Unocoin account” are written on the machine, along with “exclusive for Unocoin customers” and “credit & debit cards are not accepted.” There are also logos for BTC, XRP, ETH, BCH, and LTC next to the machine, suggesting that the ATMs support at least the five cryptocurrencies.

Major Indian Exchange Unocoin Launching Crypto ATMs
Unocoin’s ATM. Photo credit: Twitter.

Other Developments at Unocoin

Unocoin has been promoting its crypto-to-crypto trading platform called Unodax since the Reserve Bank of India (RBI) issued a circular in April banning financial institutions from providing services to crypto businesses. The central bank’s ban went into effect in July. Unocoin subsequently disabled its deposit and withdrawal services for the Indian rupee.

Major Indian Exchange Unocoin Launching Crypto ATMs

Launched in May, Unodax currently supports four base coins and over 60 crypto-to-crypto trading pairs. However, Vishwanath shared with news.Bitcoin.com last month that “India’s biggest crypto population is not ready for the crypto-to-crypto trading.” He elaborated, “There is a bigger percentage of users who just buy bitcoin as an investment than trying to earn money through short-term trading,” noting that “Regulation has been the biggest challenge followed by sentiments of users.”

Recently, another major Indian crypto exchange, Zebpay, suspended its exchange operations due to the RBI banking ban.

What do you think of Unocoin launching its own crypto ATMs? Let us know in the comments section below.


Images courtesy of Shutterstock and Unocoin.


Need to calculate your bitcoin holdings? Check our tools section.

The post Major Indian Exchange Unocoin Launching Crypto ATMs appeared first on Bitcoin News.

Bitcoin News

Launching a Website on the Bitcoin Cash Network Is Now a Reality

September 30, 2018 |

Launching a Website on the Bitcoin Cash Network Is Now a Reality

On September 29, Bitcoin Cash enthusiast Donald Mulders wrote an interesting post on the social media network Yours.org. The post detailed that he was attempting to host a website on the Bitcoin Cash (BCH) chain using the Bitdb 2.0 application. Following the write-up, and with a little help from the BCH developer Unwriter and a tool called Cryptograffitiweb, Mulders’ on-chain hosted website ‘Bitcoin Cash Hoarder’ can now be seen on any browser.

Also read: Markets Update: Digital Asset Consolidation and Accumulation Continues

Hosting a Simple HTML Website on Bitcoin Cash

Launching a Website on the Bitcoin Cash Network Is Now a Reality
Donald Mulders.

Over the last few months, there have been many projects tied to the BCH chain and the developer Unwriter has created quite a few of them. Earlier this week we reported on Unwriter’s autonomous database called Bitdb 2.0, a platform that takes a bitcoin transaction and files it in a structured readable document or in Donald Mulders’ case HTML code. The platform inspired Bitcoin Cash enthusiast Mulders to attempt to host a simple HTML website that’s tethered to the BCH chain. In the post, Mulders says he can do a little HTML coding and mess with other people’s structured code, but he admits he isn’t a fluent programmer just yet.

“I started playing around with an idea to see how far I could take it — The idea is to host a simple HTML website on the bitcoin cash blockchain that easily could be viewed in a browser so that even my own mother is able to view it as if it was just an ordinary website,” Mulders details.

He continues:

Imagine if someone could publish sensitive information without the need for organisations such as Wikileaks, readable as a website for anyone in the world — This way anyone could publish information anonymously without endangering themselves or any middleman.

Launching a Website on the Bitcoin Cash Network Is Now a Reality
Donald Mulders’ code on Cryptograffiti.info

Bitcoin Cash Hoarder: A Website Served From Bitcoin — Written in 5 Minutes

Mulders then created an extremely simple website in HTML with the classic Snake game in javascript and uploaded the code using the site Cryptograffiti. After that, Mulders wanted to extract the data from the BCH chain so it could be displayed in a website and used Bitdb to query the code he uploaded. However, the experiment came to a halt when he just couldn’t get the site to work on a traditional browser. All Mulders could do was make the HTML code visible and store it as an HTML file on his computer and open it that way. After seeing the post on Yours, the creator of the Bitdb application, Unwriter, decided to help Mulders finish the process.

“I actually went ahead and wrote a simple web app that successfully renders this,” explains Unwriter. On Twitter, the developer explains there’s a chance the website content may change because it loads from the first transaction from that address — Nonetheless it is still the first website hosted on the BCH chain in this manner.   

And here it is… A website served from Bitcoin — Written in 5 minutes, with 59 lines of code.

Launching a Website on the Bitcoin Cash Network Is Now a Reality

The website can be viewed on any web browser at the Bitcoin Cash Hoarder address and the HTML website’s source code can be found at the Cryptograffitiweb Github repository. BCH community members seemed to like the idea on the Reddit forum r/btc and the developer of the website Cryptograffiti also complimented the work Unwriter and Mulders accomplished. After messing around refreshing the site and using different browsers, sometimes the game loads and sometimes it doesn’t so this particular website is far from perfect. But the implications of an uncensorable webpage hosted on the BCH network are huge.

What do you think about the Bitcoin Cash Hoarder website and the idea behind it? Let us know what you think about this subject in the comment section below.


Images via Shutterstock, Bitcoin Cash Hoarder, and Donald Mulders Yours.org page.


Want to create your own secure cold storage paper wallet? Check our tools section. 

The post Launching a Website on the Bitcoin Cash Network Is Now a Reality appeared first on Bitcoin News.

Bitcoin News

Russian Industry Association Launching Crypto Certification Program

September 9, 2018 |

Russian Industry Association Launching Crypto Certification Program

The Russian crypto industry association is launching a crypto certification program. Applicants will be evaluated and issued a certificate showing their competency level which can be verified on the association’s website. Training will be offered to those that do not score the required number of points.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

Crypto Certification Program

Russian Industry Association Launching Crypto Certification ProgramThe Russian Association of Cryptoindustry and Blockchain (Racib) unveiled on Wednesday, September 5, the details of its upcoming voluntary crypto certification program.

Formerly known as the Russian Association of Cryptocurrency and Blockchain, Racib announced its name change to the Russian Association of Cryptoindustry and Blockchain on September 6, keeping its acronym unchanged.

Russian Industry Association Launching Crypto Certification ProgramOn September 4, the association approved the concept of crypto trader certification, proposed by its vice president, Andrei Grachev. He revealed that the program will be launched “in the coming month,” RBC reported, adding that the association started developing the criteria for this system in May and the program is now ready to launch.

The certification system will be based on several criteria, the news outlet conveyed, noting that assessments will be made in areas such as “reporting, workflow, customer service, remuneration, risk sharing and profit sharing.” The publication further elaborated:

The competence evaluation will be conducted according to the following criteria: knowledge of technical analysis, knowledge of fundamental analysis, knowledge of semantic analysis, knowledge of risk management, knowledge of money management, skills of drawing up of trading strategy, trading planning skills, margin trading skills, [and] self-control skills.

Program Details

Russian Industry Association Launching Crypto Certification ProgramThe association says “both traders and funds can take part” in this program, the news outlet explained. By traders, Grachev referred to those trading professionally for clients. He noted that the certification “will not be free, because if a person is going to professionally handle this activity and manage other people’s money, he must have some [of his] own capital.”

“There will be several levels” such as basic and professional for “when a person has certain experience and business level,” he told RBC.

“Applicants will receive a certificate confirming the level of their competence. Each registered document has a unique number that can be checked on the organization’s website in the corresponding section,” the publication detailed, adding:

In the event that a trader or fund [manager] can not score the required number of points, he will be offered to undergo training for additional knowledge at the Racib center.

The association has also been keeping a registry of whitelisted crypto companies since July.

What do you think of this crypto certification program? Let us know in the comments section below.


Images courtesy of Shutterstock and Racib.


Need to calculate your bitcoin holdings? Check our tools section.

The post Russian Industry Association Launching Crypto Certification Program appeared first on Bitcoin News.

Bitcoin News

Google CEO Tells Employees Company Isn’t Close to Launching Search Engine in China

August 18, 2018 |

Google Chief Executive Officer Sundar Pichai defended to employees the internet giant’s controversial push to do more business in China but said the company is “not close to launching a search product” in the country.
WSJ.com: What’s News Asia