Daily Archives: May 13, 2018

PR: Bitcoin News Outlet Coinidol.com Opens the Doors to its Expert Members Club

Bitcoin Press Release: World Blockchain news outlet Coinidol.com has announced the launch of the “Coinidol Expert Club”, a platform for new names in the industry and well-known experts alike.

May 9th, 2018, Cyprus, Larnaca – Coinidol.com is been a world leader in delivering blockchain, Bitcoin and fintech news. Now, the magazine that receives nearly a quarter of a million views a month, is opening up an exclusive members club.

Be Part of the Industry Red Carpet

The magazine is known for quoting the most prominent members of the industry. Smaller players historically haven’t had the chance to share their expertise, and Coinidol is now offering a rare opportunity for them to become a quoted source, and rise up amongst some of the most valued figures we hear from every week.

The club is a competition of minds and ideas – being in the club doesn’t immediately mean that any and every idea or quote provided will make it to the page and the editors at CoinIdol will check and approve only the best. There is a strict code of ethics that members must adhere to; any promotional wording in quotes will be deleted and membership will be then refused for anyone who violates the rules. Coinidol’s CEO, George Gor, values reputation and trust over money:

“We keep our ethics. That’s why we do not change anything in our official editorial policy. We refuse publication of any advertising inside editorial articles. If you want to publish any advertising, the only way to do that is to order an official sponsored article, marked with the disclaimer “paid advertising”.

Should an experts’ club member have their quote approved and published by the Coinidol editor:

“…it is signed by a list of regalia, including personal name, personal photo, brand name, brand logo, brand website URL, special presentation of competencies of the expert with proofs.”

Exclusive Privileges

Being part of the Coinidol experts members club is a one-time-payment privilege, would-be experts aren’t just accepted to into the club because they have money; to fight scammers and keep the calibre of quotes used high, applicants will need to chat with the editorial team and present themselves as potential members.

Once in the club, new experts will have the chance to display their competencies and can feature on up to ten articles per months with their quotes. The names of experts in the club and that enter the club will have nearly a quarter of a million eyes a month, from 174 countries from around their world on their quotes; the best of which will be quoted by authors of editorial pieces on Coinidol.

Membership can be purchased from any Bitcoin PR Buzz Account Manager, by emailing contact@bitcoinprbuzz.com.

Visit the CoinIdol Official Site – https://coinidol.com/
Follow on Twitter – https://twitter.com/coinidol
Follow on Google+ – https://plus.google.com/107941424803462384600
Like on Facebook – https://www.facebook.com/CoinIdol/

Media Contact
Contact Name: Nina Lyon
Contact Email: info@coinidol.com

Coinidol is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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PR: At 2018 Global Graphene Developer Conference, OpenLedger ApS lays out their vision for the future of BitShares

Bitcoin Press Release: OpenLedger announces the future of Bitshares at the Graphene Developer Conference, 2018.

May 8th 2018, Copenhagen, Denmark –  The 2018 Global Graphene Developer Conference, in Shanghai, ran from May 5 to 6. OpenLedger ApS CEO Ronny Boesing laid out his vision for the future of the BitShares blockchain to an audience of Graphene and other blockchain developers, users and enthusiasts, and showed how OpenLedger and its partners will continue to contribute.

OpenLedger ApS CEO Ronny Boesing stated:

“We can trade peer to peer anywhere in the world in a few seconds. We’ve got capacity for every existing exchange to become a member of our network, treating their own customers to the combined market depth of all exchanges on a shared transparent ledger”

OpenLedger ApS has been a proud contributor to the BitShares community since its inception; CEO Ronny Boesing created the platform in partnership with Graphene developer and originator Dan Larimer.

At the 2018 Graphene Developer Conference, organized at the Jumeirah Himalayas Hotel in Shanghai Pudong New Area by BlockGeek and GDEX, speakers from OracleChain, Cryptonomex, CrypViser, YOYOW, Scorum, Decent, Gravity Protocol and others came together to discuss the future development of Graphene-based tools, services and products.

On the Blockchain of the Future, OpenLedger eyes UX and Mobile

OpenLedger ApS has devoted considerable effort to delivering ease of use and accessibility to its business users, based on the experience of the non-blockchain web. At the same time, the company has built the back end of their core OpenLedger DEX rapidly, bringing fiat, tokens and an ever-increasing number of gateways as well as UX improvements to the DEX via a custom user interface.

Confidence is high in the underlying technology, and OpenLedger’s development team plans to capitalize on that with a raft of improvements to their products aimed at delivering a full range of functionality to business users, and allowing them to pass that on to their end users.

At the conference, Mr. Boesing pointed to previous OpenLedger achievements on the BitShares scene, like ERC20 token support and an unusually wide range of language versions, as well as reveal details of improvements including native mobile apps, a new user-friendly interface and a bridge for instant exchange launch, as well as security upgrades.

OpenLedger and Aetsoft: A match made in HTP

The Belarus Hi-Tech Park offers incredible opportunities to the new partnership between Danish startup OpenLedger ApS and veteran blockchain business Aetsoft. It’s the first blockchain-only company to join the Park’s 200+ businesses that together turn over $1.1bn annually, making the HTP a global symbol of Belarus’ confidence in its booming tech sector.

Another sign of confidence in a tech-oriented economic future is the unique regulatory environment established by Decree #8: Crypto activities are tax free, while exchange services, initial coin offerings, smart contracts and mining operations are all legalized, making HTP a natural focal point for the future of blockchain. Before an audience of his peers, Mr Boesing delivered a detailed vision of OpenLedger’s part in that future on Saturday.

About OpenLedger ApS
Supporting a full ecosystem of blockchain services for businesses including a decentralized exchange, custom blockchain development and blockchain project marketing support, OpenLedger ApS is a Danish startup founded and headed by CEO Ronny Boesing.

Since founding the company in 2015, Mr Boesing has been building out the full ecosystem of OpenLedger blockchain-based services, working with a team of experienced blockchain developers, business and marketing experts and legal and support staff based in Pandrup, Denmark and Minsk, Belarus.

He attributes OpenLedger ApS’s successes to a focus on users and community, and points to the success of the OpenLedger Decentralized Exchange, a Demand-Side Platform focused on crypto audiences and the company’s Crowdfunding Services.

Visit their Website – https://openledger.info/
Connect on Facebook – https://www.facebook.com/OpenLedgerDC/?ref=ts&fref=ts
Connect on Twitter – https://twitter.com/openledgerdc
Meet the Team – https://www.linkedin.com/company/openledger

Media Contact
Name: Mihail Romanovsky, CMO
Contact Email: mihail.romanovsky@openledger.info

OpenLedger is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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P2P Bitcoin Trading Company CoinTouch Closed Down After GDPR Concerns

According to the latest update from CoinTouch, the promising P2P cryptocurrency trading platform has been shut down following the notorious GDPR legislation enacted by European legislators. The move sees a swift demise of a promising coin startup that allowed P2P cryptocurrency exchange with little or no fees.

While CoinTouch cannot objectively claim that it was the only startup in the space, the strict GDPR enactment is likely to affect similar startups in the coin economy before long. Most of the exciting new companies are based in Europe and the new legislation could become a serious headache for many website owners who are looking to challenge the dominion of well-established exchanges and big platforms that charge a lot in transaction fees.

The GDPR or the General Data Protection Regulation is the latest in the series of regulations passed in Europe to enact what the governments believe necessary checks and balances in the fintech space, mostly targeted at the coin economy.

The legislation was enacted after four years of extensive preparation and debate from the European powers and was finally approved by the European parliament on 14 April 2018. A May 25 deadline was given to all organizations that were in non-compliance with these latest rules and heavy fines are to be imposed if a lack of implementation is observed after the deadline. These could amount to hefty amounts like 4% of the actual revenue of a company or 20 million EUR.

The most important features of the new ruling included strict compliance of the Know-your-customer (KYC) protocols for all companies. While in essence, the KYC seems like a reasonable ask, companies like P2P trading platforms cannot simply implement them without destroying the fundamental aspects of their operations. So, the regulation is starting to take its toll on them and CoinTouch is the first one to go out because of these latest measures.

CoinTouch’s owner was of the opinion:

“This new EU law hurts small website[s] like mine but helps reinforce the dominance of Facebook, Google, and Twitter, who are able to prepare and defend themselves using established legal teams and cash reserves, and who now face less competition from startups. The EU Cookie Law, EU VAT regulation and now the EU GDPR are all examples of poorly-implemented laws that add complexity and unintended side-effects for businesses within the EU”

The same person is also reportedly operating the StreetLend platform and it may be forced to shut down on the same grounds. While GDPR is seen as a positive step to ensure transparency and accountability of platforms, the wide-ranging effects of the initiative might make grounds for redefining the whole procedure for a nascent industry like P2P cointrading.

Centralized exchanges are more popular with the crypto community due to the ease of use and other features but their high trading fees and centralization of assets may prove to be a vital hindrance for the future of the coin economy as it was originally meant to be decentralized and P2P.

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Elon Musk Among the Latest to Challenge Warren Buffett’s Investment Ideas

Warren Buffett has come under fire from Elon Musk after an exchange that led to Musk appearing to challenge his rival with a light-hearted ICO dubbed Cryptocandy. The two had been trading opinions via public shareholder meetings in the days prior. The reference to cryptocurrencies played on Buffett’s rigid ideas on bitcoin and his investment in See’s Candy.

Elon Musk Tweet

Elon Musk hasn’t taken a strong stance on cryptocurrencies but represents a newer generation of success believing that “what matters is the pace of innovation, that is the fundamental determinant of competitiveness”. Although Musk has had little to say, he did share that he had been gifted 0.25 bitcoin by a friend years ago and has been noted to have a copy of Cryptocurrencies simply explained. His company Tesla also began accepting bitcoin as a payment method for their electric cars back in 2016. The use of cryptocurrencies played on Buffett’s rigid ideas on bitcoin.

Musk is well established in the technology sector and is familiar with online payment systems having co-founded X.com which was acquired by Paypal. After standing as CEO for Paypal he went onto make USD 165 million when the company was bought by eBay. With blockchain expanding into several fields that Musk has invested in alongside his knowledge of payment systems, it would be interesting to hear more of what he has to say.

Elon Musk isn’t the only person to challenge Buffett

Buffett — a fellow multi-billionaire, on the other hand, has profited largely from his  Berkshire’s holdings, which are in food and beverage companies, clothing, materials, insurance, banking, and media. Buffet has continued with his militant stance against cryptocurrencies in particular bitcoin which he recently referred to as “rat poison”.

With his view on technology stocks only having recently changed alongside his inability to keep up with the times as pointed out by his use of a flip-phone, by CNBC. Buffet continues with comments such as cryptocurrencies are headed for a “bad ending.”

Musk’s exchange isn’t the first time Buffet has come under fire, with Binance CEO Zhao Changpeng questioning the grounds of his statements. In an interview in January discussing Binance’s growth and customer demographic Changpeng responded with “Warren Buffett is a guy I truly respect from an investment point of view, but I do not think he understands cryptocurrencies at all,” which is confirmed by Buffett who previously said “Why in the world should I take a long or short position of something I don’t know anything about?”

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Image source: Flickr ( Steve Jurvetson )

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India Rich in Crypto Skills Despite Government Hard Line

A recent study in India by HR company Belong has revealed that over 5000 Indian software developers have the necessary skills to work on blockchain and cryptocurrency projects, reports Inside Bitcoins.

The study claims that out of an estimated two million software developers, 0.25% of them have the skills required for blockchain development and cryptocurrencies, such as data science, algorithms, and cryptography.

The Reserve Bank of India (RBI) recently mandated any financial institutions and banks that fall within its regulatory jurisdiction to terminate any association with individuals or businesses dealing with virtual currencies. Although the mandate will dissuade many crypto investors, there are still channels open for traders and investors to circumvent the system.

Despite this, there are still a number of companies looking to move into the cryptocurrency space. Belong co-founder Rishabh Kaul suggests that India does have the potential to train another 10,000 developers with prior fintech experience, although he suggests another 30,000 would still need extensive training or refining of current skills. The local cryptocurrency market has been rapidly growing, with investor numbers reaching 5m and bitcoin investments in India approaching $2bn.

Adversely, Market Mogul reported recently the difficulties that new and existing cryptocurrency companies may face, apart from lacking qualified staff, due to the government’s recent tough stance on virtual currency. Investors in India will no longer be able to go through established financial institutions to transfer money from their bank to a crypto wallet. This is seen by some as part of a move by the government to eliminate cryptocurrencies from the investment space altogether.

Cryptocurrency in India has had to endure government criticism from very early on. The country’s finance minister has warned that it can never become legal tender, and India’s Central Bank has continued to caution users, suggesting cryptocurrency’s price volatility can cause financial instability.

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Irish University Wants Government to Push Blockchain Into Mainstream

National University of Ireland (NUI) authors of a study on the adoption of blockchain have approached the government to promote a more widespread use of the technology in the country, reports The Irish Times.

The new study involving 20 selected Irish companies, conducted in association with the Blockchain Association of Ireland examined the factors that influenced them in their decisions to adopt blockchain. On its website,  the association described its aims as, “facilitating Irish business leaders, educators, policy-makers and citizens in learning how blockchain technology can be applied to make Ireland the World’s most blockchain literate nation.”

The study is expected to receive much interest as it’s the first of its kind in the country that has examined how blockchain could be implemented and hopes to increase blockchain awareness and adoption more broadly across the nation.

Research leader at NUI Galway, Dr Trevor Clohessy, sees the need for a national initiative to promote the new technology, particularly in the light of, as yet undecided border rules, between Ireland and the north following Brexit

“…Beyond business, other beneficial uses of this technology would be in voting machines and ballot boxes to address electoral fraud and potentially looking at a blockchain enabled technology-controlled border identification system that could provide a possible solution to the current North/South Brexit border challenges.”

One of the findings of the study shows that only 40 percent of companies in Ireland have embraced blockchain technology, which the researchers felt was relatively low, despite Ireland’s 13th position on Bloomberg’s 2018 Innovation Index, with high productivity scores and advanced IT infrastructure.

In recent years, Ireland has promoted itself as a hub for fintech and blockchain business. A recent report by Financial Executives Research Foundation (FERF) released figures which indicated that 30% of global of financial executives had plans to commit to blockchain technology within the next 18 months.

The study is proposing that the Irish government promote the new technology to extend this level of interest within the country, overcoming executives uncertainties about embracing blockchain, such as lack of business cases and in-house expertise. It was noted in the report that association with ICO’s and digital currency was perceived negatively by executives.

In terms of awareness of the technology, five out of 20 company executives interviewed had a basic level of blockchain awareness, while six had a medium level and only nine were able to demonstrate a high level of knowledge.
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Institutional Crypto: The Peoples Revolution, Says Michael Novogratz

Institutional investors were the initial topic of conversation during Michael Novogratz’s address at the Fluidity Summit in Williamsburg, Brooklyn on Thursday, when he told his audience that crypto had been… “a peoples revolution.”

Galaxy Digital’s Michael Novogratz, ex-Goldman Sachs partner, was at the venue to talk about cryptocurrencies after the dramatic price hike of 2017. Addressing the audience from notes scribbled on the back of a paper plate, he commented, “We have never had a market mania led by retail before.”

The former principal at Fortress Investment Group LLC spoke of the recent launch of his latest project, the Bloomberg Galaxy Crypto Index, which tracks the most liquid assets trading on blockchain:

“I’m hoping yesterday marks the beginning of the institutionalization of crypto as an asset class… big problems need big capital.”

He made the point that decentralized “revolution” is yet to make its most significant impact on markets. Novogratz explained that street level is where new technology will flourish where regular people do things like “rent rooms, ride cars and pay each other to do work,” Coindesk reported.

The entrepreneur talked of “three superhighways” to move decentralization forward, the first being computer science: “We have a bet on EOS because I think people like speed and convenience. We also have a bet on Ethereum, because it has the most developers…My intuition is: we don’t need 100 blockchains.”

He described the second key area as being the token economy, explaining that he felt that investors hadn’t thought deeply enough about ICOs and how they work, and if they actually have value, suggesting there must be a reason to hang on to a token, rather than just speculative investment. He cited ridesharing as an example of a how a coin can grow in value through company productiveness and user interest.

Reflecting on his third “superhighway,” Novogratz, said he prays every night that established players join the “custody game” to push the crypto industry forward, claiming, “The institutional herd is on the move.”

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