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 Hada DBank Announce New Partnership with Vostad 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 Monoreto Launch Their New Social Network Platform 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 Bitxoxo – India’s Largest Cryptocurrency Exchange Announces Successful Pre-Sale 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 IDM Launches Their Highly Protected Distributed Storage Service 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 D’Coin™ Announces D’Crypt™ Trading Platform appeared first on CCN
Vanig International Launches World’s First Integrated E-Commerce and Supply Chain Ecosystem Powered by Blockchain
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 Vanig International Launches World’s First Integrated E-Commerce and Supply Chain Ecosystem Powered by Blockchain appeared first on CCN
Cryptocurrency and blockchain products can solve a lot of pressing issues plaguing the world today. With internet censorship being a very big trend as of right now, it is evident people will need to find a new solution in order to access the information they desire. Substratum aims to provide that solution, and the project unveiled its early open beta earlier this week. The Substratum Open Early Beta To put this into perspective, Substratum has been around for quite some time now. It is a project a lot of people have high expectations of, mainly because the team aims to provide an alternative way of accessing the internet and bypassing censorship. Whether or not they will be successful in this regard remains to be determined. Interested users are now able to access this project through its early open beta release. As is always the case when an early test version is released, one has to keep in mind that issues may arise when testing this technology. Moreover, it does not include all of the functionality one would expect, but that is only normal at this stage of development. One has to commend the Substratum team for making this beta accessible to everyone, rather than just focusing on developers and coders. This means the Substratum team had to integrate a very basic UI instead of relying on a command line interface. It will not be the final version of the Substratum UI, but it is evident this interface will give most people a basic idea of what they can expect from future versions of the project. With this open early beta, users will be able to access most of the worldwide web without any problems. This will be done through the Substratum network itself, but there are some caveats to be aware of. Not all internet content will be accessible at this stage, as video playback is currently not supported. It is not a big deal, though, given the project’s early stage of development. Providing a viable alternative to Tor and VPN servers will not be easy by any means. Additionally, this open early beta does not include the Neighborhoods functionality or the earning mechanism. The latter feature, which will be introduced in a future version, should let enthusiasts run their own Substratum node and get paid for it. Such nodes will also allow users to access all the worldwide web content they wish to see. Substratum enthusiasts are advised to provide as much feedback as possible to the developers. This is still an early beta version of the final platform, and there may be some issues users will need to contend with. Installing the beta client is not difficult, as instructions are provided on the Substratum web page. It is a big milestone for the project, although it remains to be seen how users will respond to this client.
As is usually the case when the cryptocurrency markets are taking a beating, people want to know what is driving this bearish pressure. It appears the South Korean media has misreported an ‘incident’ involving popular domestic exchange Upbit. While there is an irregularity being investigated, it seems this is mainly based on a big misunderstanding. There is no fraud to speak of until proven otherwise. What is Going on With Upbit? Various South Korean news outlets have been reporting that domestic cryptocurrency exchange Upbit is under investigation by the authorities. Considering that South Korea is a big part of the cryptocurrency industry these days, such reports can easily trigger a massive sell-off of Bitcoin and altcoins. That is essentially what happened the other night, although the reasons for this particular investigation are not what people may think. More specifically, South Korean news outlets are claiming Upbit is under investigation for fraudulent behavior. There are supposedly some anomalies when it comes to the platform’s trading volume and liquidity. This is 100% correct, although those anomalies are not the result of fraudulent behavior by any means. Instead, it seems there is a major misunderstanding on the part of the media as to how shared liquidity works. To put this into its proper perspective, Upbit is sharing liquidity for a lot of cryptocurrencies with other exchanges. This is not uncommon in the world of cryptocurrency, as pooling resources maximizes liquidity for all trading platforms involved. To the untrained eye, it may seem as if something is amiss when looking at one exchange individually, although this shouldn’t be labeled as fraud. Korea, Upbit: The irregularity being investigated is in regards to liquidity issue. The issue involves sharing/ pooling liquidity with other exchanges. It seems to be that the regulators did not understand the share liquidity. My source (an employee) claims there is no issue. — Ran NeuNer (@cryptomanran) May 11, 2018 Indeed, the investigation is seemingly focusing on this pooled liquidity issue first and foremost. Since regulators aim to acquire a better understanding of how this works, it is only normal that they decided to investigate what Upbit is doing exactly. Unfortunately, this whole ordeal has been blown out of proportion by the media, which resulted in a massive cryptocurrency sell-off for no real reason. This would also explain why Upbit was still trading cryptocurrencies without any problems yesterday. If there were indeed fraudulent activity going on, the firm would have been forced to suspend all services almost immediately. So far, that has not happened, as the platform is still generating a high amount of trading volume for most supported currencies. It seems likely this trend will continue for some time. At the end of the day, this is another issue blown out of proportion by the media due to a lack of understanding, though one would expect most cryptocurrency speculators and enthusiasts to have smartened up by now. Sadly, that has not been the case, as panic kicked in quite heavily over the course of a few hours. With the markets attempting to mount a small comeback, positive things will happen sooner or later. For now, there is no fraudulent activity where Upbit is concerned, until proven otherwise.
Bitbond, an online bank founded in Germany in 2013 by German Radoslav Albrecht, has found an innovative use case for bitcoin’s borderless nature: international loan payments. It was the first to use bitcoin to transfer credit in currency internationally, not only as loan collateral, and it’s currently processing about $1 million in loan payments per month. The post German Online Bank Dismisses Swift, Favors Bitcoin for International Money Lending appeared first on CCN
Matt Hancock Contributor Share on Twitter Matt Hancock is the Secretary of State for Digital, Culture, Media and Sport and a Member of Parliament for West Suffolk. The UK and the USA have always had an enduring bond, with diplomatic, cultural and economic ties that have remained firm for centuries. We live in an era of profound change, and are living with technologies set to change things ever faster. If Britain and America work together to develop these technologies for the good of mankind, in a way that is open and free, yet also safe and good for our citizens, we can maintain the global lead our nations have enjoyed in the fields of innovation. Over past months we have seen some very significant strides forward in this business relationship. All of the biggest US companies have made decisions to invest in the UK. Apple is developing a new HQ in the iconic Battersea Power Station, close to the new US embassy, while Google is building a billion dollar new HQ in the increasingly fashionable King’s Cross. Facebook, Amazon, IBM and Microsoft are all extending their operations, and a multitude of smaller US firms are basing their international headquarters in London. They are all coming here because as we prepare to leave the EU we are building a forward looking Britain that is open to the wider world, and tech is at the heart of this. Similarly, there have been major expansions or new investment from British firms into the US. Jaguar Land Rover, the UK’s largest automotive manufacturer, supports more than 9,000 jobs in the USA and have recently opened their new multimillion-dollar corporate North America HQ in New Jersey. iProov, a leading British provider of biometric facial verification technology, became the first international company to be awarded a contract from the US Department of Homeland Security Science & Technology Directorate’s Silicon Valley Innovation Program last month. We want to work with our global partners – to share expertise, and encourage investment – as we harness technology for the wider good. And that of course includes our old friend and closest ally, the USA. We have a great deal to offer. The UK was recently ranked the most AI ready nation among all the OECD countries. In the past three years, new AI start-ups have been created in the UK on an almost weekly basis. Recently, UK government and industry together committed over $1 billion to support our AI sector, much of which will go towards entrepreneurs. Funding has been set aside to create a nationwide network of tech incubators, that we’re calling “Tech Nation”, which will support new AI businesses as they get off the ground. We are also excited by — and I am a firm advocate for — the development of blockchain and similar technologies. The UK is leading the way in many areas where blockchain has the potential to be used, such as Fintech. There are now more people working in UK Fintech than in New York or in Singapore, Hong Kong and Australia combined. And we are eminent in the development of immersive technologies, like Augmented and Virtual Reality, which look set to radically improve many areas of life in coming years, with applications as varied as flight simulation and surgical training techniques. There is so much to be gained from close collaboration between our two countries on these new technologies and from sharing our expertise. Together, we can reap the economic benefits of stealing an early lead in their development. We estimate that AI, for example, if widely adopted, could add $33 billion to the UK economy. But, perhaps most importantly, we can also work together to build a strong regulatory and ethical frameworks for their wider application. It is the role of governments across the world, the UK and US included, to set frameworks for these decentralised, cross border systems so we can manage their use in a safe and effective way. Our aim should be to harness the power and capability of technology but always for the benefit of, and in service to the populace. We in the UK are avowedly pro-tech, always seeking to put its power in the hands of our citizens. We have all learned valuable lessons from the recent scandals regarding data use, most recently around Facebook’s use of data. We want to build a system that protects and cherishes the freedom of the Internet while protecting the rights of individuals, and their property, including intellectual property. We want to see freedom in a framework; where our tech entrepreneurs have the space to innovate, knowing they do so with full public trust. Trust underpins a strong economy, and trust in data underpins a strong digital economy. So in the UK we are developing a Digital Charter, to agree norms and rules for the online world and put them into practice. Our starting point is that what is unacceptable offline should not be tolerated in the online world. That includes how tech companies treat private citizens and use their data, as well as how people treat each other online. Important changes like these cannot be agreed by one country alone. It is more important than ever that we work together and find common ground so we can make sure that tech continues to change the world for the better. Based on our mutual love of freedom and individual rights Britain and America have through history risen to challenges together. I firmly believe working together we can build that brighter future.