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| August 19, 2018

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Taliban say no peace with ‘occupation,’ want US talks

August 18, 2018 |

The leader of the Taliban said Saturday there will be no peace in Afghanistan as long as the foreign “occupation” continues, reiterating the group’s position that the 17-year war can only be brought to an end through direct talks with the United States.
FOX News

Homeowners have more equity than ever but don’t want to tap it

August 7, 2018 |

Homeowners are sitting on a record amount of equity, but this time they’re stubbornly reluctant to borrow against it.

Strong home price appreciation has handed Americans more than $ 5.8 trillion of equity they could be tapping and aren’t, more than double the level in 2011, according to data provider…


L.A. Times – Business

Survey: Crypto Exchanges Want Regulation but See Strict Policies as a Threat

July 31, 2018 |

Survey: Crypto Exchanges Want Regulation but See Strict Policies as a Threat

The majority of crypto exchanges want to see the industry regulated, although many consider excessive regulation to be the biggest threat, according to a new study. A third of the platforms in the poll also fear a market crash that could suddenly devalue digital assets. A fifth of the exchanges dislike anonymity.    

Also read: Huobi Informs Users on Decision to Launch P2P Trading in India

Crypto Exchanges Want Regulation

Survey: Crypto Exchanges Want Regulation but See Strict Policies as a ThreatA new study reveals that a sizable majority of crypto exchanges, 88%, would like to see regulation in place that can help the rapidly developing industry mature, and a third of the companies trading coins say the greatest threat comes from the perceived criminality of the sector. 17% of the polled platforms, however, believe overly strict regulation is the biggest threat to cryptocurrency and its wider adoption. Another 40% say lifting the barriers to funding crypto activities by banks will improve the acceptance of cryptocurrencies.

The survey has been conducted by a Lithuania-based payment company, Mistertango, which has contacted 24 exchanges across Europe, Asia, South America and Oceania, with a total daily trading volume of over $ 100M USD. The authors have attempted to assess the attitudes towards regulation, anonymity and the maturation of the crypto market. Gabrielius Bilkštys, Business Manager at Mistertango, commented that “The industry is crying out for regulation and the response from partners has shown this”. He also said:

Uncertainty is the biggest fear, and regulation is critical to provide the stability we need. Unfortunately, there is no regulatory consensus – worldwide or otherwise. For cryptocurrencies to move towards the scale and ubiquity possessed by fiat currency, it needs cohesive, considered and comprehensive regulation. Thus, regulation will be a catalyst, not an inhibitor to the crypto market’s development.

According to Oleksandr Lutskevych, CEO of crypto exchange CEX.IO, the assumption that crypto companies want to avoid a regulated environment is far from the truth. Quoted in a press release, he noted that “Until now, the industry has not had its say on regulation […] The industry is all too aware that regulation will lead to the maturity of the market and ensure businesses remain free from suspicion of involvement with illegitimate uses of cryptocurrency.”

Survey: Crypto Exchanges Want Regulation but See Strict Policies as a Threat

A Call for Banks to Lift Barriers

Survey: Crypto Exchanges Want Regulation but See Strict Policies as a ThreatAt the same time, a very import development that crypto companies would like to see is a change in the attitudes of the traditional financial institutions. Almost 40% of the participants in the study have suggested that this would have the biggest impact on the wider acceptance of cryptocurrency, followed by about 30% who gave priority to increased but also positive regulation.

A key finding in the poll is that trading platforms generally favor the implementation of know your customer and anti-money laundering policies, despite the fact that precisely anonymity has drawn a lot of people to the crypto space. 55% of the questioned exchanges said crypto users should be subject to KYC and AML checks, similar to those employed by the providers of traditional financial services. A fifth of the respondents said that anonymity and the lack of transparency was the biggest threat.

Another important figure in the survey shows that a third of the respondents fear a significant crypto market crash that could unexpectedly devalue cryptocurrencies. They consider the possibility of such an event to be the major threat for the industry and the space, in general.

What are your thoughts on the findings in the study? Let us know in the comments section below.


Images courtesy of Shutterstock.


Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post Survey: Crypto Exchanges Want Regulation but See Strict Policies as a Threat appeared first on Bitcoin News.

Bitcoin News

Banks Don’t Really Want to Use ‘Blockchain’ for FX Settlement After All

July 31, 2018 |

Banks Don’t Really Want to Use ‘Blockchain’ for FX Settlement After All?

It seems that whenever members of the legacy financial establishment talk about Bitcoin these days its only to bash it in comparison to ‘Blockchain’, claiming that they can usurp the technology while ditching the cryptocurrency. However, when given a chance to actually use a blockchain-based product, the banks are also reluctant to do so.

Also Read: The Daily: Secret Nasdaq Meeting, SALT Takeover Offer, Vitalik Wants More Cards

CLS Net

Banks Don’t Really Want to Use ‘Blockchain’ for FX Settlement After All?CLS Group, which provides FX settlement services to the likes of Goldman Sachs, JPMorgan, Barclays and Citigroup, has been forced to “water down” a blockchain project two years in development due to banks’ reluctance to participate. Back in September 2016, the company announced it started working with IBM on a new settlement service, with committed support by: Banco Actinver, Bank of America, Bank of China – Hong Kong, Bank of Tokyo-Mitsubishi UFJ, Citibank, First Rand, Goldman Sachs Asset Management, HSBC, Intesa Sanpaolo, JPMorgan Chase, Morgan Stanley, Neuberger Berman and Northern Trust. Now the service is undergoing final tests ahead of a planned launch later this summer, but only about half of the originally-backing banks are expected to actually sign up in the beginning.

Alan Marquard, CLS chief strategy and development officer, explained to FN London that it was “a big ask” for banks to integrate blockchain. “You are not just installing a piece of software. They need to build operational knowledge and know-how,” and “it has security implications”. Without disclosing the cost of development, Marquard also added: “Building on new tech is always more expensive. We took the step and made this investment. Nobody has a crystal ball.”

A CLS spokeswoman responded: “It was always CLS’s intention to launch the service in phases, with the first phase clients will rely on Swift connectivity for inputs submitted to and received from CLSNet. As the service continues to grow with functionality and client adoption, and the DLT [distributed ledger technology] matures, CLSNet will enable clients to host their own node.”

Ledger Connect

Banks Don’t Really Want to Use ‘Blockchain’ for FX Settlement After All?Undeterred by the challenges their previous product is facing, CLS and IBM today announced a new collaboration on a proof of concept for Ledger Connect − a blockchain-based platform designed to enable banks, buy and sell side firms, fintech startups and software vendors to deploy, share and consume services hosted on a shared distributed ledger network. Users will be able to access services in areas such as, know your customer processes, sanctions screening, collateral management, derivatives post-trade processing and reconciliation and market data. Nine financial institutions, including Barclays and Citi, are said to be participating in the test.

“Together IBM and CLS have been early pioneers in advancing blockchain solutions for the financial services space,” said Marie Wieck, general manager, IBM Blockchain. “Building on the success of CLS Net and leveraging the strong relationship CLS has with the world’s leading financial institutions, Ledger Connect is uniquely positioned as a blockchain marketplace for the financial services industry, which will accelerate innovation across the ecosystem with value added services for blockchain networks.”

Is the idea of a public ledger fits at all with the current banking business? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Banks Don’t Really Want to Use ‘Blockchain’ for FX Settlement After All appeared first on Bitcoin News.

Bitcoin News

Want to work in tech? You don’t need to know how to code

July 25, 2018 |

You don’t need to know Python to work at Amazon. In today’s job market, technology companies are increasingly seeking employees without technical backgrounds.

More than four in 10 tech jobs are nontechnical, according to a new report from Glassdoor. And while 57% of open positions require technical…


L.A. Times – Business

Democrats Want Interpreter’s Notes. They Might Be Useless

July 20, 2018 |

Her name is Marina Gross, and she just happens to be, as the New York Times puts it, the only other American who was in the room when President Trump met with Vladimir Putin. Gross is a longtime State Department interpreter, and Democrats in Congress now want her to testify…
Newser

As branches close, some banks are saying they don’t want people’s money

July 20, 2018 |

Edward Manley, 91, asked his son to deposit $ 38.50 in coins into his Wells Fargo account. Wells refused to accept them.

Manley and his son are now suspected money launderers.

Welcome to banking in the 21st century, with a growing number of financial institutions saying they won’t accept cash deposits…


L.A. Times – Business

With Big Bird on HBO, broadcasters want to cancel kids’ TV

July 18, 2018 |

Big Bird has moved to HBO and kids can get their fill of shows aimed at them 24 hours a day on cable’s Nickelodeon or internet sites such as YouTube Kids.

So is it still fair to force TV broadcasters, as part of their public service obligation, to put on three hours of children’s programming in…


L.A. Times – Business

Want to Develop Bitcoin Cash Apps? Bitcoin.com Has You Covered

July 13, 2018 |

Want to Develop Bitcoin Cash Apps? Bitcoin.com Has You Covered

This week Bitcoin.com is thrilled to announce a new platform called Developer.bitcoin.com. The web portal is dedicated to Bitcoin Cash (BCH) software developers and provides them with a wide variety of tools that can supercharge their workflow. We want the Bitcoin Cash network to change the world for the better and Bitcoin.com’s suite of developer applications allows anyone to produce world-class platforms within this innovative ecosystem.

Also read: Crypto Phones, Spy Games, Binance CEO vs Vitalik

Meet Bitcoin.com’s Developer Platform: Priming the Flames of Passionate Bitcoin Cash Development

Bitcoin.com is all about the power of economic freedom and we believe Bitcoin Cash (BCH) has the power to change the world. Over the past few months, BCH development has been exponential as there has been a slew of new apps like wallets, social media platforms, SMS apps, tipping bots, coin shufflers, torrent software, and so much more. At Bitcoin.com we want to keep the passionate flames of Bitcoin Cash development going strong so we’ve decided to launch a massive development web portal with a suite of tools that can help bolster the next great Bitcoin Cash project.

Want to Develop Bitcoin Cash Apps? Bitcoin.com Has You Covered

Five Key Tools That Can Help You Scale, Deploy and Monetize a Bitcoin Cash Application

Developer.bitcoin.com has five key tools for blockchain programmers: The Bitbox SDK, REST, GUI, and Cloud platforms can help you scale the project and deploy the software. Furthermore, we provide a tool called Market that can assist developers by providing a way to create revenue from the project as well.  

Bitbox SDK

The Bitbox SDK is a powerful suite with intuitive APIs that enable developers to create world-class applications. Bitbox has been so popular it has been downloaded more than 36,000 times in over 100 countries worldwide since launch. The javascript framework offers programmers addresses, mnemonics, HDNodes, ECPairs, transactions, and more. With Bitbox, individuals and organizations can create powerful Bitcoin Cash applications on the client or server with full mainnet and testnet support.

Want to Develop Bitcoin Cash Apps? Bitcoin.com Has You Covered

REST

Developer.bitcoin.com also offers REST — a Bitcoin Cash RPC over HTTP application for Bitcoin Cash development. The entire Bitcoin Cash JSON RPC is available over HTTP with the proper REST semantics. Programmers can also tether the Bitbox SDK for further enhancements. Essentially, with the help of REST and Bitbox users can build their own clients that speak to the Bitcoin Cash chain.

Want to Develop Bitcoin Cash Apps? Bitcoin.com Has You Covered

GUI

Then we also provide a GUI which is a full BCH blockchain and BIP44 compatible wallet that can be used for experimentation and development. Basically, the GUI provides a BCH chain that can be configured and recreated from scratch with every restart. The GUI doesn’t connect to the BCH mainnnet and only consists of transactions and blocks which you create locally as our BCH-based GUI can allow a great deal of testing.

Want to Develop Bitcoin Cash Apps? Bitcoin.com Has You CoveredCloud & Market

Moreover, we will soon provide a 1st class environment called the ‘Cloud,’ which is a system that is still under construction. Essentially, when it is finished Bitcoin.com’s Cloud will allow anyone to deploy and scale their frameworks entirely on our cloud, providing another great resource for BCH app experimentation. Lastly, another unfinished platform called ‘Market’ will allow users to monetize their work and newly created apps with paid downloads, streaming media, in-app purchases, tokens and more.

Mastering Bitcoin Cash

Additionally, Developer.bitcoin.com wants individuals to learn how to master the art of cryptocurrency with a web portal dedicated to learning. Bitcoin.com’s ‘Learn’ section provides users with the educational resources like ‘Mastering Bitcoin Cash,’ tutorials, human interface guidelines, and insights from developers who have already shipped successful applications.

Want to Develop Bitcoin Cash Apps? Bitcoin.com Has You Covered

We want the entire world to use BCH, not just a niche group of people, and this means constant development is sorely needed. Bitcoin.com also wants to help promote real-world applications that provide real use cases, in contrast to the promotion of speculative digital assets that really don’t provide utility. So if you are a developer or want to learn to how to develop awesome BCH applications, head on over to the Developer.bitcoin.com web portal for all your building needs in one place.

What do you think about our new developer tools and guides? Let us know what you think about Developer.bitcoin.com in the comment section below.


Images via Shutterstock, and Developer.bitcoin.com


Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post Want to Develop Bitcoin Cash Apps? Bitcoin.com Has You Covered appeared first on Bitcoin News.

Bitcoin News