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in 2013 where Bitcoin was primarily used to pay for drugs and illegal weapons in marketplaces like Silk Road the FBI eventually shut down Silk Road in 2013 and the site’s founder is currently serving a double life sentence plus 40 years without the possibility of parole when we think about the pace in which the government conducts investigations it makes sense that there is still a perception that Bitcoin could be used for illegal activity after all the FBI is only just now conducting an investigation into but connect a crypto Ponzi scheme platform that launched in 2016 and shut down in December 2017 this lag in time between crimes committed and investigations occurring creates the false perception that the current crypto space is not evolving and that consumers have not learned about how to protect themselves from being victims of cryptocurrency funded financial crimes crypto for fighting drug trafficking and terrorism funding with regard to the drug and terrorism issue a recent report by Bloomberg showed that $2 trillion worth of shady transactions still occur each year from non cryptocurrency sources primarily cash but also digital money transfers from colluding banks one of the most famous cases was the case of HSBC which failed to accurately monitor over six hundred seventy billion dollars in wire transfers from Mexico and nine point four billion dollars in purchases of US currency according to a 2012 deferred prosecution agreement with US authorities using an elaborate system of deposits and money transfers Mexican and Colombian drug cartels were able to launder their illicit proceeds through the bank without detection the bank was eventually fined one point nine billion dollars cases like this should make it clear to regulators that cryptocurrencies are far from their biggest problem when it comes to shady transactions in fact with a better understanding of blockchain technology regulators would know that the immutable and transparent nature of the technology actually makes it harder for shady transactions to go undetected and that the token economic structure that most cryptocurrency networks are established under it can be leveraged to create all kinds of incentive schemes to reward users for identifying and reporting shady transactions hence eliminating the need for centralized governing bodies to waste resources launching investigations especially ones that occur years after the crime has been committed conclusion ultimately there is something positive to be found in the efforts regulators are making to pass bills around the adoption of cryptocurrencies as many leaders in the crypto space have been urging Congress to do for months now however the kind of bills being proposed indicate that there is still work to be done to educate lawmakers about how cryptocurrencies and blockchain technology can not only provide financial opportunities to everyday people but also help solve many of the terrorism drug trafficking and financial fraud problems that some regulators are incorrectly claiming it enables thanks for watching the Ohio Bitcoin comm Bitcoin news channel today we appreciate you spending some of your valuable time with Vivek beauti Trent says non-financial blockchain use cases are a harder pitch aetherium f co-founder of italy ik bertrand says that blockchain applications outside of finance faced more difficulty gaining traction as the primary added value they offer as decentralization q Turan made his remarks during a speech ripped crypto event token 2049 in Hong Kong on March the 13th q Turan began by noting that finance is realistically the first blockchain application that will probably achieve wide scale adoption and that even though he is a self-declared huge fan of other applications the problem is that decentralization is basically their value-add with finance you are competing with banks that take five days to do something interesting with anything that’s not financial chances of errors some internet thing that does what you want that’s just centralized so it’s a bit of a harder pitch as examples of areas where blockchain can catch on beyond Finance with Anik isolated digital identity reputation and digital certificates in particular all of which have used cases that are not necessarily confined to the use of cryptocurrencies or financial markets in his further discussion on the current state of blockchain option neutering appealed to event attendees to identify real-world applications that are developing not just in theory but on the ground audience examples included micro-insurance non fungible tokens and gaming on the latter deuteron said that while many people are committed to blockchain innovation from their conviction that it can tackle real-world problems with positive social impact entertainment use cases such as gaming are valuable areas where the technology can draw high numbers of early adopters dot speaking of his personal commitments uterine highlighted decentralized applications depths which allow multiple actors to share and cooperate on applications that are based on an underlying decentralized blockchain protocol he proposed that the dat’s use case can potentially redraw the existing technology and power landscape by leveraging a decentralized ecosystem to allow smaller players to compete with tech giants monopolies in a recent interview Newton stated he was trying to solve bitcoins BTC limited functionality with the creation of ethereum he compared bitcoins ability to do one thing and do it well with the aspiration to make ethereum more like a canopy for apps that can do almost anything thanks for watching the ohio bitcoin dot-com bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin calm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more bitcoin headline news and analysis soon pro Bitcoin Colorado governor signs cryptocurrency friendly bill Jared Paulus the governor of Colorado has signed cryptocurrency friendly bill exempting digital tokens from state securities laws if their primary purpose is as a consumptive Colorado digital token act in November Bitcoin is reported that US representative Jared Paulus who is a known cryptocurrency and blockchain advocate became Colorado’s governor on March 6th Teresa Sur Act said that Paulus has signed Colorado’s digital token Act the Act is supposed to enter into effect on August 2nd 2019 and it aims to cement the state’s position as a hub for companies and entrepreneurs that seek to utilize cryptic anomic systems to power blockchain technology based business models the bill outlines the uncertainties companies face when buying selling and even issuing their own cryptocurrencies it also exempts certain digital tokens from state securities regulations exciting day for number blockchain technology at kvass co @ dreadful assigned the number digital token act today with key legislators attorney general a tweezer and number colorado cabinet members patty Salazar with at Dora Colorado at Betsy Markey with edit and at Teresa Surikov added Colorado pick twitter.com era load P Teresa suruc at Teresa Zurich March 7th 2019 exemptions based on purpose Colorado’s digital token Act will effectively exempt cryptocurrencies from state securities laws if the primary purpose of the digital token is a consumptive purpose additionally the law is clearly addressing the ICO fundraising model it stipulates the tokens issued through a crowdfunding campaign of the kind will be exempt from securities regulations if the issuer of the digital token markets the digital token to be used for a consumptive purpose and does not market the digital token to be used for a speculative or investment purpose therefore digital tokens will be subjected to securities regulations if they are used for speculative or investment purposes the law also outlines how exemptions will be granted for the document each issuer of a digital token shall file a notice of intent with the Securities Commissioner before he can qualify for an exemption what do you think about Colorado’s digital token Act do you think regulation needed for cryptocurrencies to recover and thrive don’t hesitate to let us know in the comments below dot thanks for watching the Ohio Bitcoin comm Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin comm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon bitcoin BTC line network has more active nodes than XRP litter coin and a host combined bitcoins lightning network has been one of the most instrumental scaling solutions for the cryptocurrency since its inception the second layer open protocol system was officially launched on the maynot in January 2018 however it only recently picked up popularity due to the ongoing lighting torch experiment according to recent reports the Lightning network has more active nodes than the combined numbers of XRP litter coin and iOS data produced by long hash comm indicated that the Lightning network had 3,000 884 active nodes with active channels at press time Bitcoin BTC and ethereum math were the only cryptocurrencies with a higher number of active nodes with 10,000 603 and 7580 nodes respectively the combined number of active nodes acquired by litter coin XRP a neos was approximately 3,300 an indication of the Lightning networks active utilization and rapid growth at press time lightning networks channels held BTC would be worth over 3 million dollars the equivalent to around 759 bitcoins this suggested that the LA channel capacity had increased by a factor of 100 since February 2018 the graph below indicates the sum of channels value since the launch of the Lightning Network source P to s HD info according to data from one ml com the Lightning Network had 7320 nodes at press time in February 2018 the number of active nodes in operation was close to around 618 this remarkable growth marked an increase of around 500 32 percent since last year source 1 ml however a major criticism of the Lightning Network is the possible centralization of a few large nodes according to dire it was observed that ten of the largest L end nodes commanded over 53% of the network’s capacity at the start of 2019 the 20 largest L end nodes had 38 percent of the network’s capacity despite improvements in distribution over reliance on larger nodes was still prominent thanks for watching the Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price of articles and Markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin calm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon caution and crypto Custody convenient companions Noel Atchison is a veteran of company analysis and member of coin desks product team the following article originally appeared an institutional crypto by coin desk a newsletter for the institutional market with news and views on crypto infrastructure delivered every Tuesday sign up here not in the big stakes world of institutional custody it pays to be cautious in the fast growth world of crypto assets though this can be a barrier leaving late comers with underperforming returns as infrastructure providers scramble to catch up with those that were braver or at least so the legend goes in crypto however things are generally not as straightforward as they seem and with custody of crypto assets the scramble for volume is checked by the outsized risk to both reputation and client wealth last week fidelity digital assets President Tom Jessup gave an update on the platform’s planned rollout of services and hinted that it would not be offering custody support for ethereum at first due to uncertainty over its recent and planned hard Forks this caution highlights some of the intrinsic difficulties of the emerging world of crypto assets and goes a long way toward explaining why institutions are taking longer than the market expected to enter the sector crypto asset custody is riskier and more complicated than most of us realize what’s the problem first let’s review what at hard fork is a change to the underlying characteristics of a blockchain after which mind blocks will not be recognized on the old chain the old chain can continue to grow independently though with blocks produced by miners who have opted to stay with the unchanged technology hence the term fork as the blockchain splits into two versions now let’s separate fidelities concerns regarding ethereum from the potential problem that blockchain splits in general pose for custodians the ethereum blockchain recently underwent a hard fork to upgrade the technology and implement a few strategic changes no hands-on action was needed from custodians or ether holders and by all accounts the switch went smoothly hard Forks do bring additional risk however will the new version be as robust as the old one the latest ethereum fork was originally scheduled for January of this year but was delayed again at the last minute because developers discovered a potentially serious security bug imagine if they hadn’t found it in time another hard Fork upgrade is expected possibly towards the end of this year but as with this one no chain splits are expected Fidelity’s caution has been criticized as overzealous potentially leading to loss of business as institutional investors increasingly need reliable custody solutions for a range of assets not just Bitcoin but given the reputational risk in the institution’s traditional rhaegar when it comes to protecting client assets it can be interpreted a solid business sense is it safe contentious hard Forks when chain splits are led by developers unhappy with the original structure are a different type of problem this has happened often most recently with the recent split of the Bitcoin cash chain into two competing versions Bitcoin ABC and Bitcoin s V Bitcoin cash itself was the result of a contentious hard fork split from Bitcoin in August 2017 generally the holdings on the old chain are replicated on the new one with the new characteristics embedded custodians don’t have to support the new chain though and therefore might not custody these new assets even if their clients are entitled to them why would they decline to offer this service when on the surface it looks like a sure route to extra revenue the main reason is technological complexity and concern over security risks when ethereum hard forked in 2016 a glitch had transactions on one chain also being reflected on the other even though no transaction had been originated there imagine trying to keep track of Custody holdings in this scenario is it’s worth it another part of the reluctance comes down to straightforward business logic while it is relatively straightforward to add support for new digital assets that run on an existing blockchain such as err 20 tokens adding a new chain requires a significant amount of work will the resulting coins have enough volume and liquidity and will there be enough demand for custody going forward to justify the development expense this is one of the main factors differentiating crypto custody from that of traditional electronic securities with the latter the underlying technology is not a defining feature crypto custodian bit go for example is continually adding to their list of supported assets when it comes to hard Forks however their decision to support is based on a number of criteria including technical stability market capitalization and liquidity kingdom trust boldly states that if there appears to be little or no value or no trading interest in the new fork kingdom will not support the fork and institutional dealer in custodian Gemini directly does not support Forks Zappo one of the original Bitcoin custodians does not commit to supporting anything other than the original Bitcoin blockchain is it mine another potential issue complicating crypto custody is that of settlement finality a legal construct that refers to the moment when sale and delivery of an asset is complete and ownership is transferred the specifics differ by jurisdiction and other details but the principle is of particular interest to custodians who need to know exactly what they are holding at all times with blockchain based assets settlement finality is fuzzy in a distributed network a transaction is final when the whole network agrees it is final in a decentralized system that relies on consensus its probabilistic in other words transactions involving assets on public block chains a rarely 100% final consensus can unwind them at least in the short term true as time goes by the possibility of that happening gets really close to zero many argue that blockchain technology makes the legal concept of settlement finality unnecessary and that final on traditional databases is at best subjective for example the regulators can wind back pretty much whatever they want to however institutions are comfortable with the current definitions and will require a similar concept in the blockchain world as the system evolves ways will be found to compensate for this but legal definitions generally take a long time to adjust even more so when regulators are still grappling with the new concept and struggling to keep up with the sector’s rapid evolution this uncertainty is unlikely to stop providers from offering services that institutional investors so clearly need but it does highlight the need for caution especially from systemic incumbents precisely the big institutions the market is so clearly waiting for they’re obviously interested and that’s encouraging but we shouldn’t expect them to Pilon enthusiastically without examining all possible risks mitigating risk is after all a large part of their job caution sign image via shutterstock published at sat 16 March 20 1995 it COO BTC finally ready for a rally past $4,000 as bull step-up Bitcoin BTC Bulls have finally stepped up to give the market direction until recently both the bulls and bears were confused as to who is really in control the bears expect the price to come down but they expect the rally past $4,000 first as for the Bulls the majority is confident that BTC United States dollar has already bottomed and the price is only going to rise from current levels the daily chart for because shirts shows that the number of margin shorts has once again declined to a critical support if this support is broken it is likely that the next support will be broken as well and cussed shirts will decline all the way towards its support at 8777 this fall in the number of shorts will be quick and so will be the corresponding rally in BTC united states dollar the Bulls have been too afraid to step up as we have seen the past few weeks when BTC United States dollar experienced a flash crash last week that scared the majority of Bitcoin BTC Bulls which is why the price has been trading sideways for so long a lot of Bitcoin BTC Bulls believe the price has already bottomed but yet they are not prepared to step in until they see a strong rally to the upside we expect that the next rally past $4,000 will be the signal that the Bulls need to get on board the majority will take it as a signal of bullish reversal when it would most likely be a fake out and will lead to major liquidations in the days ahead that will lead to another flash crash soon afterwards the reason we believe BTC United States dollar will fall sharply after the quick rally past $4,000 is because the price is already trading under over conditions on the weekly timeframe the daily chart for BTC United States dollar shows that the price is currently resting atop the 61.8% of extension level and is prepared for a rally towards $4,200 which could extend towards $4,500 the dilemma that Bitcoin BTC traders face here is that the price is trading under oversold conditions on the daily timeframe but overbought on the weekly timeframe this means that the price will have to rally soon without any further delays this is why we expect of strong rally in BTC United States dollar towards the end of the week the daily trading volume is also in a steady decline which means any move to the upside or downside is going to be abrupt when the volume is this low we can expect the price to trade sideways for a long time but make quick sudden moves every now and then this rally to the upside is going to be no different than the crash we saw last week in other words those that think they can wait to catch it might find it difficult to do so for the same reason it would also not be reasonable to enter leveraged positions at this point thanks for watching the Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin calm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon Vivek butrint says non-financial blockchain use cases are a harder pitch aetherium f co-found of italy akhirin says that blockchain applications outside of finance face more difficulty gaining traction as the primary added value they offer as decentralization q turin made his remarks during a speech with crypto event token 2049 in Hong Kong on March the 13th q Turan began by noting that finance is realistically the first blockchain application that will probably achieve wide scale adoption and that even though he is a self-declared huge fan of other applications the problem is that decentralization is basically their value add with finance you are competing with banks that take five days to do something interesting with anything that’s not financial chances are there is some internet thing that does what you want that’s just centralized so it’s a bit of a harder pitch as examples of areas where blockchain can catch on beyond Finance with Anik isolated digital identity reputation and digital certificates in particular all of which have used cases that are not necessarily confined to the use of cryptocurrencies or financial markets in his further discussion on the current state of blockchain adoption deuteron appealed to event attendees to identify real-world applications that are developing not just in theory but on the ground audience examples include micro insurance non fungible tokens and gaming on the latter deuteron said that while many people are committed to blockchain innovation from their conviction that it can tackle real world problems with positive social impact entertainment use cases such as gaming are valuable areas where the technology can draw high numbers of early adopters dot speaking of his personal commitments neutering highlighted decentralized applications depths which allow multiple actors to share and cooperate on applications that are based on an underlying decentralized blockchain protocol he proposed that the dat’s use case can potentially redraw the existing technology and power landscape by leveraging a decentralized ecosystem to allow smaller players to compete with tech giants monopolies in a recent interview Newton stated he was trying to solve bitcoins BTC limited functionality with the creation of ethereum he compared bitcoins ability to do one thing and do it well with the aspiration to make ethereum more like a canopy for apps that contain almost anything thanks for watching the Ohio Bitcoin comp Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin calm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoyed this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more bitcoin headline news and analysis soon tether to launch new version of u.s. dt s– tablet coin on tron blockchain tether is gearing up to launch its controversial stab lakorn as a native token on the Tron blockchain for the effort tether is partnering with the Tron foundation to launch the dollar pegged USD T tablet coin is a PRC 20 token the companies announced Monday TRC

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