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| April 23, 2018

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Men arrested at Starbucks say they feared for their lives

April 19, 2018 |

Rashon Nelson initially brushed it off when the Starbucks manager told him he couldn’t use the restroom because he wasn’t a paying customer.

He thought nothing of it when he and his business partner, Donte Robinson, were approached at their table and were asked if they needed help. The 23-year-old…


L.A. Times – Business

CNN

Survivors of a chemical attack tell their stories

April 16, 2018 |

The air in the camp is thick, fraught with the muted mourning of people who have been through more than they can comprehend, people whose losses penetrate their souls and whose fears are so great that they can barely express them.
CNN.com – RSS Channel – World

Chinese Merchants in Moscow Convert Most of Their Cash to Crypto

April 16, 2018 |

Chinese Merchants in Moscow Convert Most of Their Cash to Crypto

Chinese traders in Moscow’s huge wholesale bazaars have become the most active buyers and sellers of cryptocurrency in the Russian capital. The retail turnover there is estimated at almost $ 10 billion a month. Authorities say that most of it is converted to cryptocurrencies and sent back to China where it‘s exchanged to yuan.   

Also read: Cryptocurrency Is the Main Income for 12% of Russian Crypto Users

Crypto Flows Considered Easier To Track than Cash

The three largest bazaars in the Russian capital, “Moskva”, “Sadovod”, and “Food City”, make about ₽600 billion rubles each month (~$ 10 billion). That’s almost a quarter of the retail turnover in the Russian Federation. Practically none of it is deposited in bank accounts, according to Yuri Polupanov, head of the Central Bank’s Financial Monitoring and Currency Control Department. 90% of the businesses there are owned by Chinese merchants and producers, he said during the Thomson Reuters Forum in Moscow, RBC reported.

The retail centers have become pioneers in crypto trade. Russia’s Centrobank believes that Chinese traders convert most of their revenues to cryptocurrency and send it back home, where it is exchanged to yuan. Financial authorities have learned that crypto exchange bureaus are also operating there. Polupanov said that some of them are registered as financial services providers. Inspectors have found discrepancies between their accounting reports and the data gathered remotely by the CBR.

Chinese Merchants in Moscow Convert Most of Their Cash to Crypto
Food City, Moscow

There is no point in denying that cryptocurrency is used in wholesale and retail trade, thinks Elina Sidorenko, head of a working group at the Duma tasked with assessing crypto circulation. “It’s no secret that Chinese merchants are using cryptocurrencies through anonymous wallets. But as soon as they are defined legally in the civil code, these financial flows will be easily controlled. It’s easier to track them than cash,” she said.

Sidorenko believes the situation will improve in a few years. If the central bank has evidence of illegal crypto-fiat exchange, it should give it to the Prosecutor’s Office, she added. Elina Sidorenko noted that illegal activities in these bazaars are not a new phenomenon. Violations of immigration laws and crimes related to laundering of illicit proceeds are flourishing there, she said, admitting: “We should’ve dealt with all that long time ago.”

Relics from The ’90s

The story of improvised retail bazaars and flea markets in Russia dates back to the breakup of the Soviet Union. Many of them were set up in the capital in the ‘90s. They have been targeted by authorities since the early 2000’s. Trade there is often unregulated and untaxed. Government inspectors have found multiple violations of sanitary and fire safety standards, customs and migration regulations.

Chinese Merchants in Moscow Convert Most of Their Cash to CryptoIn the summer of 2009 Moscow authorities closed down the “Cherkizovskiy” bazaar, which was one of the biggest. Russian police found 6,000 containers of contraband worth an estimated $ 2 billion. The newer trade centers “Sadovod” and “Moskva” are now major wholesale markets for clothes and shoes, while “Food City” is the main food distribution center. The volume of retail trade in the Russian capital has been estimated at more than $ 72 billion dollars in 2017. The monthly turnover is between $ 5.5 and $ 7.8 billion. It reaches $ 49 billion USD a month on national level.

Cryptos like bitcoin have been gaining popularity in Russia, where 12% of crypto users now claim cryptocurrency is their main source of income. Two draft laws regulating the crypto sector have been introduced in the State Duma, the lower house of Russia’s parliament. The bill “On digital financial assets” legalizes activities like initial coin offerings and mining. A second draft aims to amend the civil code in order to legalize the use of “digital money” in payments. It’s still unclear whether the circulation of cryptos will be allowed in the country. Recently, Russian media reported that a new crypto exchange bureau is now buying and selling bitcoin for cash in Moscow.

Do you think regulating cryptocurrencies will minimize their use for illicit purposes? Share your thoughts on the subject in the comments section below.


Images courtesy of Shutterstock, Food City.


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The post Chinese Merchants in Moscow Convert Most of Their Cash to Crypto appeared first on Bitcoin News.

Bitcoin News

PR: Digital Ticks Just Launched First Look of Their Mobile App

April 16, 2018 |

Digital Ticks Launches Mobile App

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.

Digital Ticks, the hot, new ICO in town is out with their First Look of Mobile app of their exchange well ahead of their schedule!

This is very exciting news as this is no ordinary crypto exchange. Digital Ticks is the first ever Commodity Crypto exchange. Users will be able to trade all the different types of crypto assets as well as commodity to crypto assets.

Why Digital Ticks?
The platform is the first ever commodity to crypto exchange to be built by the traders for the traders. With a simple to use User interface, it is designed to be used by both the novice as well as experienced traders.

The team believes in helping the investors make their decisions based on the work done and not based on plain statements.

The CCO of Digital Ticks, Mayur Poddar quoted saying
“We want people to see the results and our progress first-hand, and we want to enable them to make an investment choice based on statistics rather than statements.” This is again reassuring each and every participant of the ICO that their team is dedicated and will get the job done.

After the success and the huge participation received during the pre-sale whole team was extremely geared up to deliver a quality product ahead of the timeline.

“The pre-sale contributions and the overwhelming response of the contributors are both exciting and ensuring that Digital Ticks is on the right path in the journey to make every commodity tradable using crypto. And we believe that we are stepping into the future of cryptocurrency with a new dream and our footsteps would be followed by all others who share the same dream.”
– Quoted by CEO of Digital Ticks- Jitu Bajaj.

Company’s decision to launch First look of Mobile App Interface at the same time as its Public token sale starts in fact prior to it is in contrast to most other companies which only have a white paper and website at the time of their public sale. Fuelled by the huge success of the pre-sale, the team went on to deliver Apps for both Android and IOS platform along with multiple Blockchain smart contracts. This gives public token sale participants confidence in the ability of the team behind the project.

Closing Thoughts
With their Public token sale started on 15th April 2018, the team has worked day and night and have already released their Mobile App’s First Look well before their planned release date. At this current pace, they will be able to get the entire platform up and running well before the deadline and might just end up being one of the greatest ICO’s.

To be a part of this revolution and experience it, you can download App through google play store for Android and Apple App Store for IOS version.

Download Digital Ticks – First Ever Commodity Crypto Currency Exchange Mobile App
For Android :- click here
For IOS :- click here
Crypto enthusiasts can participate in DTX public token sale by sending Bitcoin / Ethereum / Bank Wire Transfer directly to their Dashboard of Digital Ticks by just signing up on https://www.digitalticks.com

Website: https://www.digitalticks.com/
Facebook: https://www.facebook.com/DigitalTicksExchange
Telegram: https://t.me/digitalticksexchange
Twitter: https://twitter.com/DigitalTicks

Contact Email Address
marketing@digitalticks.com
Supporting Link
https://www.digitalticks.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: Digital Ticks Just Launched First Look of Their Mobile App appeared first on Bitcoin News.

Bitcoin News

CNN

Ecuadorian President says 2 kidnapped journalists, their driver are dead

April 14, 2018 |

Ecuadorian President Lenin Moreno said Friday that two Ecuadorian journalists and their driver, kidnapped while on assignment along the Colombian border, have been killed.
CNN.com – RSS Channel – Regions – Americas

To Honor Humboldt, Canadians Grab Their Sticks

April 10, 2018 |

It started when a resident of Humboldt, Saskatchewan, left a hockey stick standing on the porch. “The boys might need it … wherever they are,” the person wrote in a text to TSN hockey analyst Brian Munz, referring to the 15 people killed Friday when a bus carrying the Humboldt…
Newser

PR: Dynatiq Announces ICO for Their Blockchain Based Domains & Websites Marketplace

April 8, 2018 |

Dynatiq Announces ICO for Their Blockchain Based Domains & Websites Marketplace

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.

Dynatiq, a decentralized domain and website marketplace, announces token event starting 25th April 2018. Dynatiq is set to be the backbone of the domain industry.

Dubai, UAE: As of January 1, 2018, a total of global internet users was approximated to be 3,812,564,450 as compared to 3.42 billion that was recorded in 2016. Asia has always been the continent with the highest number of internet users in the world however their recent percentage dropped from 50.1% to 49.7%. Europe has 17.0%. Latin America has 10.4% and Africa has 10%. North American only has 8.2%.

In Asia, China has 738,539,792 users while the United States has 286,942,362 users. Russia has 109,55,842 users while Latin America has 18,526,199 users. Research also shows that North America has the highest penetration rate with a total of 88.1% of its people using the internet. In addition to this, Google now has over 6,586,013,574 searches per day worldwide.

Research also shows that digital marketing will generate 44% or approximately $ 237 billion globally in 2018. Search advertisements are the most popular digital advertisement that is available now as the expenditure of marketers in 2018 reaches 12% with a total of $ 113 billion spent.

In the first quarter of 2017, there were 1.3 million new domain names that were registered which is a 3.7% increase from the previous year. The .net and .com had a total of 143.6 million domain name registration by the end of 2017.

The Dynatiq Advantage

Dynatiq will never store a users data on a centralized marketplace, with an aim to protect data with the transparent and secure technology that is blockchain. Dynatiq technology uses escrow on a blockchain based marketplace. This escrow will provide various advantages to people who transact with it. Regardless if it is a website or domain sale, the use of escrow on the blockchain based marketplace will ensure that all buyers and sellers are equally protected thereby giving them an opportunity to settle their disputes with utmost concern.

Users are familiar with buying things online you must have come across a typical online review. An aggregate star rating for your website or domain marketplace will help the upli!ment of a business. Even though customer reviews range in thoroughness and comprehensibility, they can have an adverse effect on audience attraction

The staking process will enable the general public to acquire tokens, especially during the crowdfunding stage. A certain percentage of the generated funds will be channeled to operations pool in order to provide merchants with the amounts of tokens that will be paid out as rewards to customers. The idea of selling these tokens to merchants will be solely dependent on the situation. Whenever customers make purchases at participating merchants, the tokens will end up in the hands of customers. The customers will make the decisions on whether to trade it or redeem it. The token can be properly used after the successful launching of the platform.

Contact Email Address
info@dynatiq.com
Supporting Link
https://dynatiq.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: Dynatiq Announces ICO for Their Blockchain Based Domains & Websites Marketplace appeared first on Bitcoin News.

Bitcoin News

Their kids are spendthrifts. How do parents protect them with a trust?

April 8, 2018 |

Dear Liz: My wife (71) and I (68) have been diligent savers our entire lives. We have accumulated IRA assets of approximately $ 2 million along with a house and other assets. Our total estate is under $ 10 million. We have two adult children in their 20s who did not inherit the saving gene. My question…


L.A. Times – Business

CNN

Their journey north sparked a Trump tweetstorm

April 2, 2018 |

Shining a spotlight on migrants’ plights has long been a goal for so-called caravans. A journey this year is getting even more attention than usual after tweets from President Trump.
CNN.com – RSS Channel – Regions – Americas