When we talk about the current era of private spaceflight, the phrase "space race" is thrown around quite often. It's meant as a good thing; a space race against the Russians is what put American astronauts on the moon. The idea of rocket billionaire...
As the cryptocurrency market continues to grow in popularity, we’re seeing the blockchain being used in more and more ways. From cryptocurrency to smart contracts to CryptoKitties, the implications of this technology are growing quickly. Interestingly enough, we’re also watching as some countries get into the crypto space. In fact, Iran recently announced that it will be launching a cryptocurrency of its own, following recent news of Venezuela doing the same. Today, we’ll talk about the announcement, what Iran and Venezuela have in common, and whether or not we’re likely to see more national cryptocurrencies being created by government entities. Iran Will Likely Launch A Cryptocurrency Soon According to various reports, Iran is currently thinking about coming up with its own national cryptocurrency. The news comes after the minister of Iran’s Ministry of Information, Mohammad-Javad Azari Jahromi, tweeted the following (below is a translated version of the tweet): “In a meeting with the board of directors of Post Bank on digital currencies based on the blockchain, I… prescribed… measures to implement the country’s first cloud-based digital currency.” The tweet above is a clear call to action, informing Iranian citizens as well as others that Iran is currently in the process of creating its own cryptocurrency. At the moment, there is no news as to what this cryptocurrency will be called. Nonetheless, the most interesting factor in all of this is the fact that it is Iran that’s creating the cryptocurrency shortly following Venezuela’s action in the industry. What Iran And Venezuela Have In Common Both Iran and Venezuela are interested in the world of cryptocurrency, but that’s not the only thing that the two countries have in common. In fact, both of these countries are the subject of trade sanctions from the United States. As a result of these sanctions, businesses and consumers in the United States are not legally able to do business with businesses or consumers in either Venezuela or Iran. Not to mention that many allies of the United States follow suit when the United States imposes sanctions. Therefore, these sanctions are creating a financial squeeze on both Iran and Venezuela. Think of it like a boycott on a massive scale. The company, or in this case country, that experiences the boycott, feels financial pressure. So, why is this important? At first glance, it may seem as though the idea that Iran and Venezuela are building up their own cryptocurrencies isn’t that much of a big deal. However, these actions could shape the way financial pressures are put on nations in the future. You see, cryptocurrency may be a way for these countries to work around sactions. After all, cryptocurrency may provide a covert way in which these countries can do business with otherwise banned regions. In a statement, Stavros Lambouris, CEO at HYCM Europe, a broker that supports the trading of cryptocurrency, recently said it best when he said: “Because cryptocurrency is based on a decentralized system that provides anonymity, it is possible that they could be used as a workaround to trade sanctions. So, it’s no surprise to see that nations under sanctions are looking to develop cryptocurrencies of their own.” If these newly formed cryptocurrencies do prove to be a way for Iran and Venezuela to successfully access capital in markets where they are restricted, countries around the world would be forced to find a way to block decentralized transactions that originate in sanctioned regions. This could prove to be overwhelmingly difficult. Iran And Venezuela Do Have One Big Hurdle If Iran and Venezuela are looking to use cryptocurrency as a way around sanctions, there is one thing that they are going to need to work on. At the end of the day, the blockchain isn’t scaled large enough to handle the amount of transactions that would have to take place for this to become a meaningful benefit to these regions. While launching cryptocurrencies may have several domestic benefits, based on the abilities of the blockchain as we know it today, crypto isn’t likely to work as a way around sanctions yet. Will Others Jump On The Bandwagon There’s no telling how many of the other countries currently under trade sanctions are considering launching their own cryptocurrency. If this does indeed prove to be a way around sanctions, we could see it in various regions around the world, putting pressure on the United States to find a way to force sanctions to evolve with the monetary system. Image: Shutterstock The post Iran Announces That It’s Working on Its Own Cryptocurrency appeared first on Bitcoin Network, News, Charts, Guides & Analysis.
Baidu’s iQiyi video division is set to become the latest Chinese tech company to go public in the U.S. after it filed to raise up to $1.5 billion via an IPO on the Nasdaq. The service was started in 2010 by search giant Baidu, which owns a dominant 70 percent of the company. Xiaomi (eight percent) and Hillhouse (six percent) are the other major names that have backed it. A… Read More
The post Buy HKY Tokens and Win up to 10K NGC (NAGA TOKENS=1$) for Free appeared first on CCN This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned The post Buy HKY Tokens and Win up to 10K NGC (NAGA TOKENS=1$) for Free appeared first on CCN
The post Patientory Exhibits at HIMSS18 appeared first on CCN This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned The post Patientory Exhibits at HIMSS18 appeared first on CCN
The Bank Negara Malaysia has announced new policies for cryptocurrency exchanges which have gone into effect today. In an announcement, the central bank said that its ‘Anti-Money Laundering and Counter Financing of Terrorism Policy for Digital Currencies’ was issued after receiving feedback from a public consultation. According to the notice, it aims to: …ensure that effective measures are in place against money laundering and terrorism financing risks associated with the use of digital currencies and to increase the transparency of digital currency activities in Malaysia. This move by the bank comes after months of public consultation on the issue in December. Feedback was received from representatives of existing cryptocurrency exchanges, industry associations, law firms, financial institutions, academia as well as interested individuals. The feedback mainly focused on the obligations imposed by digital currency exchanges, in addition to businesses providing intermediary services involving cryptocurrencies, the announcement said. In the policy document it called for cryptocurrency exchanges to carry out due diligence checks on customers who are using their trading platforms. It reads: Reporting institutions are required to conduct customer due diligence on all customers and the persons conducting the transaction in the circumstances set out below: (a) when the reporting institution establishes business relationship with customer; and (b) when the reporting institutions have any suspicion of money laundering or terrorism financing. The bank added, however, that this measure was not an endorsement from them: The Bank wishes to reiterate that the invocation of reporting obligations on digital currency exchange business does not in any way connote the authorisation, licensing, endorsement or validation by the Bank of any entities involved in the provision of digital currency exchange services. Malaysia’s central bank also took them time to remind the public that cryptocurrencies are not legal tender in the country. Those trading in the market are advised to ‘carefully evaluate the risks’ linked with digital currency trading, the bank said. Accordingly, digital currency businesses are not covered by prudential and market conduct standards or arrangements that are applicable to financial institutions regulated by the Bank. The post Malaysia’s Central Bank Issues New Policy for Cryptocurrency Exchanges appeared first on Bitcoin Network, News, Charts, Guides & Analysis.
With cryptocurrency being all the rage these days, more and more authorities are looking for ways to warn consumers of the potential risks associated with investing in and trading these digital coins. However, in what may be the most creative way that an authority has attempted to warn consumers of the dangers associated with cryptocurrencies, Poland recently paid a YouTube star to create a video surrounding the idea of a cryptocurrency crash. Poland Pays a Star for Cryptocurrency Crash Video As mentioned above, the news is breaking that authorities in Poland have paid a YouTube star to create and publish a video surrounding the concept of a crash in the cryptocurrency market. According to various reports, the National Bank of Poland, or NBP, which just so happens to be the central bank of Poland, paid 91,221.99 Polish zloty to have the film produced. That works out to about $26,764. The payment mentioned above was paid to Gamellon, a YouTube partner network known for its videos by well-known bloggers. Gamellon then hired Marcin Dubiel, a YouTube video creator that has around a million subscribers on his channel. From there, Dubiel published the “Stracilem Wszystkie Pieniadze?!” video. The title of this video translated into English means, “I lost all my money”, a title that’s definitely grabbing some attention. In fact, at the time of writing this article, the video had a total of 534,090 views, a number that is growing quickly. Why Would Poland Pay for This Video? It’s understandable that the central bank in Poland made the decision to pay to have this video created. At the end of the day, cryptocurrency is a very new asset. As a result, it is largely unregulated, and a very speculative market. This can lead to wide swings in value. Due to these wide swings in value and limited history, technical analysis is overwhelmingly difficult. In fact, even seasoned traders have difficulty finding the solid entry or exit points in the cryptocurrency market. Considering this, it’s not as easy to turn a profit in the cryptocurrency space as many newcomers are led to believe. Unfortunately, it’s also difficult to create a warning that will appeal to the masses. However, getting a celebrity to back your concepts, well, that’s worked time and time again. So, it makes sense that the National Bank of Poland would go this route. In a statement with regard to the matter, Stavros Lambouris, CEO at HYCM Europe, had the following to offer: “While cryptocurrency is becoming validated as a valuable asset, the intrinsic value of any cryptocurrency is nearly impossible to determine in the present state of the market. Considering this, cryptocurrency trades and investments are highly speculative and should be treated as such. Even Ethereum’s founder, Vitalik Buterin has pointed to the fact that cryptocurrency values could fall dramatically. It only makes sense that regulatory authorities around the world will work to get this message to those that are involved in the trading of these assets.” Final Thoughts As cryptocurrency becomes more and more popular around the world, the market may start to settle and true values may start to emerge. However, as many experts have said already, today’s cryptocurrency market is a highly speculative one and could generate losses for any trader, especially the novice. With that said, it would be no surprise to see more authorities from around the world looking for new and creative ways to warn potential cryptocurrency traders of the risks associated with the action. Who will be the next celebrity endorsement? Your guess is as good as mine, but I wouldn’t be surprised to see another coming down the line! The post Poland Pays Stars to Produce a Cryptocurrency Crash Video appeared first on NewsBTC.
TwitchCon has been pinballing around California since it debuted in 2015 in San Francisco, shifting to San Diego and Long Beach in the following years. But in 2018, Twitch is bringing its convention back to the Bay Area, occupying the San Jose McEner...
The post Multiversum: 4th Generation Relational Blockchain Supporting Biometric Inputs appeared first on CCN This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned The post Multiversum: 4th Generation Relational Blockchain Supporting Biometric Inputs appeared first on CCN
Last week, Nintendo began allowing customers to leave reviews for Switch games on its site. Along with leaving comments, reviewers could list themselves as a Nintendo fan, core gamer, casual player or a parent and they could also tag their review wit...