Latest cryptocurrency news
Beverage turned Blockchain company announces new CEO and drinks brand spinoff following Nasdaq delisting notice. #NEWS
Cryptocurrency and precious metals exchange Coinsquare is taking steps toward its goal of leading the cryptocurrency exchange market in Canada. On February 20, 2018, it announced a new partnership with Processing.com, after wrapping up a recent investment of $30 million, for a total $47 million raised in the last four months.The partnership with Processing.com will allow Coinsquare to facilitate instant fiat currency payments of digital currencies for the general public through debit and credit card transactions.In a release, Processing.com’s James Bergman said:“We are very excited to partner with such a respected and fast-growing trading platform as Coinsquare. As digital currencies increasingly make their way into the mainstream conscious, service providers have a responsibility to ensure the broader public can access the rapidly growing blockchain ecosystem.”Marketing StrategyBesides increasing its Canadian market share, Coinsquare also has plans to move on to establishing new exchanges internationally, initially in the U.S. and the U.K.Coinsquare CEO Cole Diamond acknowledges that he is continuing original owner Virgile Rostand’s marketing strategy of emphasizing Coinsquare’s Canadian foundations, with its economic and political stability and relatively light regulatory environment. Diamond said: “Virgile Rostand, Coinsquare's founder, was an early industry pioneer and blue-chip banking industry veteran. He built a custom platform that is unrivaled in Canada, boasting extremely high security standards."Coinsquare is also continuing Rostand’s unprecedented service to the French-speaking community. In an interview with Bitcoin Magazine, Diamond noted: “We are the only trading platform that we know of that has a French website. Five percent of our users view our website in French, and we have been commended for it and are proud of it.”A recent review of exchanges by education website Blockgeeks, placed Coinsquare in the top 10 exchanges. Forex also reviewed Coinsquare and gave it a thumbs up.Despite positive reviews, however, there have been some dissatisfied customers who have voiced concerns on social platforms and below the Forex review. Common complaints cite long wait times, lost funds, high fees and a non-responsive staff. Comments on other sites also mentioned an unclear fee structure and lack of customer support. Coinsquare has not responded to request for comment from Bitcoin Magazine regarding these concerns.Canadian compliance expert, Amber D. Scott, CEO of Outlier Solutions told Bitcoin Magazine: "With price volatility and a massive influx of new clients, most exchanges are likely having some growing pains and Coinsquare is likely no exception."Diversification as a PriorityCoinsquare, based in Toronto, Canada, wants to diversify its business beyond cryptocurrency holdings.The company already has its own mining operation with 2 MW of power and 1700 mining units in operation.They are planning to invest in two more mines. Canada, particularly the province of Quebec, is attracting lots of interest from mining companies based on inexpensive electricity and cooler temperatures.“Canada is about to become a central source,” explained Diamond in a recent interview with Global News. “I think there’s definitely a rush happening now. I think we’re going to have a significant amount of mining in the next few months.”Trading precious metals is also a part of Coinsquare’s diversified holdings. They trade in silver coins and silver and gold bars.Coinsquare is planning a Trading and Arbitrage division to take advantage of cross exchange and hedge opportunities.Also in the works is the launch of CoinCap Funds, a group of funds focused on investments across the digital asset landscape.Security According to Coinsquare, they store 98 percent of their assets in cold storage and their trading platform is based on the same technology as that used by the NYSE.While Bitfinex and Coinbase announced recently they are adopting SegWit, Coinsquare does not have any plans to follow suit just yet.“The decision to use Segwit is an ongoing discussion at Coinsquare and we are not for or against it at this time,” said Diamond.Meanwhile, they are working on developing trading platforms for international markets and white labelling and licensing its technology for markets around the world.Coinsquare offers trading in Bitcoin, Bitcoin Cash, Ethereum, Dash, Dogecoin and Litecoin and has a special OTC service for those wanting to trade large amounts.Scott is optimistic about the future for Coinsquare: “At this stage, Canada has taken a relatively light touch from a regulatory perspective. This has been a boon for exchanges like Coinsquare in many ways. They’ve been able to focus on managing their risks and building their business, rather than fitting into paradigms that weren’t built with them in mind.”This article originally appeared on Bitcoin Magazine.
The future was meant to involve flying cars and jetpacks. Instead, it involves tokenizing yourself on the blockchain. It was Andy Warhol who famously observed that in the future everyone will be famous for 15 minutes. That fame, it now appears, may come in the form of the ultimate crypto vanity project: tokenizing yourself and […] The post You Can Now Tokenize Yourself appeared first on Bitcoin News.
The mainchain energy coin BCP and the sidechain clearance coin BCPC belongs to Bitcoin’s Parallel Ecosystem. All Bitcoin holders of BTC chain at the block height 507,000 on January 30th 2018 have the privilege to claim their BCP and BCPC coins for free from February 12th 2018. The claiming rate started from 1 BCP and 1,000 BCPC per BTC and would decrease afterwards day by day. 24 hours after 9:00:00 GMT February 12, 2018, BCP and BCPC has entered into a phase that is reduced by 2% every 24 hours. Then after being decreased to 50%, the distribution rate will enter into the second phase, decreasing by 1% every week until it finally becomes zero. Therefore, Bitcoin holders who have not yet claim the coins please visit our official website to apply for coin claim as soon as possible, as the amount of BCP and BCPC claimable will decrease every day. The post PR: Bitcoin Holders, Please Claim Your BCP and BCPC, as They Will Be on Exchanges Soon appeared first on Bitcoin News.
With crushing debt and a starving population, the Maduro government in Venezuela is launching what it says is the world's first sovereign cryptocurrency.The cryptocurrency is designed to bypass U.S. government sanctions against the socialist regime. The “Petros” cryptocurrency will have an initial value tied to the price of a barrel of Venezuelan crude oil in mid-January, which was $60 per barrel, with a target of 100 million Petros to be sold. The U.S. Treasury Department warned that the move may violate last year’s sanctions, while Venezuelan opposition leaders say the sale constitutes an illegal issuing of debt.After the first day of trading, President Maduro claimed to have raised $735 million. State officials are claiming a 5x increase in traffic to the website, but some critics, including Venezuelan product designer and cryptocurrency writer Alejandro Machado, are skeptical. In speaking with Bitcoin Magazine, Machado commented that he was unable to find any transactions on the blockchain regarding Petros and, while the token was originally slated to be released on the Ethereum network, it since has transitioned to NEM. “The government hasn't confirmed that this is the address, but they confirmed they're using NEM, and it's the only mosaic matching the Petro description,” Machado said. “The mosaic's metadata also uses similar phrasing to the white paper.”Machado has been writing about the upcoming Petros since early December 2017, remarking, “Many think it’s yet another episode of empty propaganda, but I profoundly disagree: chavismo is facing the existential danger of running out of funds, and they’re betting heavily on the Petro.” His skepticism about the plan runs deep: “No doubt aware of their terrible track record, the government is incentivizing participation in the private sale by offering a 60% discount. What company in the world would sell 38 million units of a product for less than half their market value? A company that doesn’t intend to ship you the product after you buy, of course.”With $150 billion in foreign debt, quadruple-digit inflation, the collapse of their oil output, and crushing sanctions by the U.S. and the EU, the Venezuelan government has become increasingly creative in ways to generate revenue. Petros represent nothing more than a promise against the 300 million barrels of oil that Venezuela believes they can recover but have yet to pull from the ground. There is an additional problem that U.S.-based investors purchasing the Petros would be in violation of American sanctions and could find themselves in trouble with Uncle Sam.This article originally appeared on Bitcoin Magazine.
Germany’s financial regulator has clarified its position on initial coin offerings. Bafin admitted it was receiving many inquiries about the status of tokens and cryptocurrencies distributed to investors through ICOs. The federal agency advised interested parties to refer to regulations applicable to traditional financial instruments and comply with current requirements. A new survey found out […] The post Bafin Clarifies Stance on ICOs as More Germans Ask About Tokens appeared first on Bitcoin News.
BTC dominance is at a monthly high, transaction fees are at multi-month lows, and the crypto markets are in the red #NEWS
Actor Steven Seagal is brand ambassador for Bitcoiin2Gen, a “superior” version of BTC that insists it is definitely “not a pyramid scheme or any scam”. #NEWS
A new travel bookings platform is using Blockchain to eliminate commission fees for hoteliers, and predicts benefits for customers #SPONSORED
The beginning of 2018 saw a dramatic change in how the world’s most popular social media platform, Facebook, presented its content. Curation has always been a real issue with Facebook, but users who were once empowered to decide their personal feed scroll are now actively being managed. Here’s how to gain back some control. Also […] The post Regain Control From Nanny Zuck – How To Make Facebook Show You The News Again appeared first on Bitcoin News.