Bitcoin Trading Platform eCoin.eu Integrates Debit Card Withdrawal and Social Media Registration Feature

Bitcoin Press Release: Bitcoin and Litecoin trading platform eCoin.eu has recently launched commission free trading period, user-friendly Facebook registration, and a hassle free way to withdraw funds to Debit Card.

Bitcoin and Litecoin trading service provider eCoin.eu is moving closer to their customers by integrating Facebook registration and login compatible with dual authentication. eCoin.eu also allows customers to put credit on their XMLGold Prepaid MasterCard for a standard market fee.

eCoin.eu offers a great opportunity of trading without commission. The eCoin trader can earn 0% commission fees within a week by pressing the like button on the bottom of the website, logging out and then logging in again. After these simple steps the user is free to trade without eCoin taking out any hefty commissions.

With more and more users worldwide relaying on social media it was a natural step for eCoin.eu to allow users to register and access their account through Facebook. For maximum security eCoin recommends that customers use the dual authentication feature provided.

eCoin.eu recently added another user-friendly feature MasterCard top-up.  Users can now withdraw their eCoin.eu balance to MasterCard for only a 2% commission fee. The user simply sells/exchanges an ecoin.eu voucher code on xmlgold.eu to top up their existing XMLGold Prepaid MasterCard in USD, EUR or GBP. Users that do not have a XMLGold MasterCard can order it now for 15 EUR with delivery included.

About eCoin.eu:  

eCoin.eu is a transparent trading service provider managed by Wallet Capital Group Inc. The company is registered in Panama under Offshore financial Operational Notice. eCoin.eu was founded in 2014.

For more information please visit: http://www.ecoin.eu/

Email: info@ecoin.eu

eCoin Logo

eCoin.eu 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 FDIC and other consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Bitcoin PR Buzz Feed

Genesis Mining Launches Nationwide Bitcoin Advocacy Campaign

Today, leading cryptocurrency cloud mining provider Genesis Mining launched a nationwide outdoor advertising campaign aimed at bringing awareness to the potential that Bitcoin brings to the world.

Consisting of taxi advertising, billboards, and guerilla street marketing, the creative ads feature quotes from experts who made egregiously false predictions about disruptive innovations. The quotes were pulled from former leaders of major international corporations about innovations like the telephone, film, and the automobile.

The campaign launched today at 9:00am PST in Southern Florida, San Francisco, Washington DC, Chicago, and Boston. Over the upcoming three months, the campaign will expand to over 40 cities across the United States.

Genesis Mining co-founder and CEO Marco Streng stated,

“We believe people get too caught up in what the experts have to say about innovations. Bitcoin is one of the most exciting innovations the world has ever seen and it’s only just beginning. We launched this campaign to remind people that if you look through history, so called “experts” are not always right about the future. The goal is to open people’s minds and let them decide for themselves what to think.”

About Genesis Mining:

Genesis Mining was one of the first companies to offer cloud mining services and quickly built a reputation as an industry leading provider throughout the cryptocurrency world. As one of the loudest voices advocating for the Bitcoin community, Genesis Mining also prides itself on its cutting-edge technology, proprietary solutions, and focus on customer support. The mining industry will continue to evolve and Genesis Mining will do the same, maintaining its role as an industry leader and defender. For more information, please visit www.genesis-mining.com/

Media Contact:

Name: Paulo Fiorio

Email: paulo.fiorio@genesis-mining.com

City and Country Location: Munich, Germany

Genisis 1

Genisis 2

Genisis 3

Genesis Mining 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 FDIC and other consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz:

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

scadmin

Bitcoin Exchange UkrCash Has Over 10 Years Experience In The Electronic Currency Industry

Bitcoin Press Release: One of the world’s leading e-currency exchangers Ukrcash.com has been offering cutting-edge financial services since 2005. UkrCash allow clients to withdraw Bitcoin to Visa and MasterCard, via Western Union or by Wire transfer.

Ukrcash.com, a certified partner of Perfect Money and OKPAY, has been offering high-quality cryptocurrency and electronic currency exchange services worldwide since 2005. The Company provides a wide range of sought-after services like withdrawals of Bitcoin to Visa and MasterCard, direct withdrawal of Bitcoin via Western Union and Wire transfer withdrawal and deposit.

UkrCash works with a great number of cryptocurrencies such as Bitcoin and Litecoin, and payment platforms like PerfectMoney. The most used service on the exchange is withdrawal of Bitcoin to Visa and Mastercard; a type of cryptocurrency withdrawal that holds several advantages. Firstly, every holder of Visa and MasterCard issued by any international bank can use it. It takes four to six days for the funds to be transferred to the recipient’s bank card. Secondly, it is available for all the bank cards except for pre-paid cards. Ukrcash.com provides the possibility to withdraw USD and EURO separately to the corresponding cards. Moreover, clients can withdraw their funds in any needed currency as money will be converted at the exchange rate of the recipient’s bank.

Ukrcash.com also offer clients to exchange Bitcoin anonymously via Western Union. The major advantage of the given method is the money transfer speed and the client doesn’t need to register or provide any documents. The inquiry is usually processed within a day, most often within 3-4 hours. As a result, the client obtains cash quickly and directly as there is no need of waiting for the money to be transferred to one’s bank card.

The third most popular method of Bitcoin withdrawal is wire transfer. This method gives the users the opportunity to withdraw Bitcoin and obtain money to their bank account as well as to make payments and buy Bitcoin. In this case the client is required to verify his account by providing an ID or the company’s official documents. There is a long period of transaction fulfillment of wire transfers of up to seven days or more.

Clients of Ukrcash.com enjoy the advantages of cooperating with a reliable partner which provides a wide range of high quality services in the field of cryptocurrency exchange, information and technical support as well as transparent and custom-made conditions of transaction fulfillment. UkrCash are always open for mutually beneficial cooperation which is why they have developed a partnership program aimed at cooperations with other service providers.

Cryptocurrency exchange service provider UkrCash offers a wide range of services made to fit the needs of novice and experienced cryptocurrency enthusiasts and professionals worldwide; a true contributor to the ever growing Bitcoin ecosystem.

For more information please visit: http://Ukrcash.com

Media contact:

Name: Sergey Frolov

Email: support@ukrcash.com

City and Country Location: Beliz, Beliz City

UkrCash logo
UkrCash 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 FDIC and other consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

scadmin

World’s Leading Bitcoin Marketplace And Auction Site CryptoThrift Rebrands To ‘Bitify’

Bitcoin Press Release: Credited as the number one Bitcoin and Litecoin marketplace on the web CryptoThrift has rebranded to Bitify.com. Bitify has over 50 000 users and has processed over $2.5 million through its escrow service.

Australian based Bitcoin and Litecoin marketplace and auction site for new and used items CryptoThrift has rebranded to Bitify. The platform has achieved continual growth since it began trading two years ago, with over 200% organic growth in the last 12 months alone. The site boasts nearly 50,000 users and several thousand items are currently listed for sale. Bitify has also processed over USD $2.5m through its escrow service, making it one of the most widely used and trusted escrow services in the Bitcoin ecosystem.

The founders believed that the rebranding was necessary to help the site reach a wider audience, and to better represent the site’s intention as a portal for both individuals and small businesses to sell new and used items. Returning customers and merchants that visit Cryptothrift.com will be automatically redirected to bitify.com effective immediately. More information on the rebranding can be found at https://bitify.com/cryptothrift-rebrands-to-bitify-and-is-ready-to-go-mainstream-192973/

The popular marketplace lists a diverse range of products from computer hardware and software, digital games, and gift cards to motor cars, real estate, gold, and silver. Bitify is proud to have hosted several charity auctions, from the Ten Trillion Zimbabwean dollar bill signed by Bitcoin guru Andreas Antonopoulos, to the very recent Direct Relief fund raising campaign in partnership with SatoshiLabs.

Bitify is a bootstrap business, having received no capital investment so far. However the founders are now seeking external investment in order to fund the development of several new key features. Amongst these are plans to introduce customisable “store fronts” in order to target power sellers and small businesses.
Bitify is based in Sydney, Australia, and is registered with the Australian Securities and Investments Commission (ASIC).

For more information about Bitify please visit: http://Bitify.com

Media contact

Name: Ahmad Aoun

Email: info@bitify.com

City and Country Location: Sydney, Australia

Bitify logo

Bitify 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 FDIC and other consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz:

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

 

scadmin

Roger Ver Hosting Largest Bitcoin AMA Ever at bitcoin.com

An all-star AMA session on forum.bitcoin.com with many top names in the Bitcoin industry will begin November 2nd, and continue throughout the month. Participants include Patrick Byrne CEO of Overstock, Andreas M. Antonopoulos, Gavin Andresen and many more. Anyone will be able to ask questions directly to the biggest names in Bitcoin.

The sessions will start on the 2nd of November 2015 in the “ask me anything” section on the forum. An amazing list of participants have already agreed to take part. Professionals from every part of the bitcoin industry, including CEO`s, core developers, co-founders and innovative creators have agreed to take place.

The list includes such big names as:

•    Patrick Byrne CEO of Overstock
•    Andreas M. Antonopoulos
•    Gavin Andresen
•    Erik Voorhees, CEO of Shapeshift.io
•    Dan Moorhead, CEO of Pantera Bitcoin
•    Wences Casares, CEO of XAPO
•    Jeremy Allaire, CEO of Circle
•    Stephen Pair, CEO of Bitpay
•    And dozens more CEOs from the Bitcoin industry!

This is the public’s chance to ask questions directly to their favorite industry leaders, or simply to read the great community questions and answers from the top names in Bitcoin. Anyone can register on forum.bitcoin.com today to make sure they do not miss the excitement starting on the 2nd of November, and continuing through the end of the month. Bitcoin.com will also be donating 4BTC to the charity chosen by whoever receives and answers the most questions in their AMA thread.

“This is the first chance the public has ever had to interact directly with so many of the CEOs and  thought leaders in the bitcoin ecosystem. As the premier supporter of open discussion,  Bitcoin.com is the natural place to host this event.“

Said Roger Ver also know as the Bitcoin Jesus.

About bitcoin.com

Bitcoin.com is the premier Bitcoin portal on the internet. It contains useful information for bitcoin newcomers and veterans alike. With daily news, a forum, wallets, places to buy bitcoin, and more, it should be at the top of everyone’s list of online bitcoin resources.

To learn more please go to: http://bitcoin.com

To participate in the largest AMA in the history of Bitcoin please go to: https://forum.bitcoin.com/ama-ask-me-anything-f69/

Media Contact:

Name: Mate Tokay
Email: mate@bitcoin.com
Phone: +36302722409

Screen Shot 2015-10-22 at 16.12.11

Bitcoin.com 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 FDIC and other consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz:

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

scadmin

Bitcoin Exchange CEX.IO Integrates with TradingView Charting Platform

CEX.IO Bitcoin exchange announced about integration with TradingView, a financial charting platform for traders. CEX.IO is now added on the TradingView list of Bitcoin exchanges with real-time charts for BTC/USD, BTC/EUR, and BTC/RUB.

Browser-based charts and tools on TradingView allow traders to do research and access data on any operating system, wherever they are and without extra installations. TradingView creates favourable conditions for discovering investment ideas and showcasing talents to a large and active community of traders.

“Such informative and handy source as TradingView is something that our users have been missing,”

Jeffrey Smith, CIO of CEX.IO.

“Now, they are able to search for the best trading strategies and implement them directly on CEX.IO, driving growth of their income.”

CEX.IO exchange data for BTC/USD, BTC/EUR, and BTC/RUB is available in real-time mode on TradingView. Various tools on sidebars allow analysing the chart, changing chart view, building trading forecasts and strategies. Social component is presented in the form of chats, personal messages and sharing buttons.

Stan Bokov, Co-Founder and COO of TradingView:

“Bitcoin market is a very engaging market for traders, due to high volatility of Bitcoin price. We were glad to add CEX.IO on the list of Bitcoin exchanges, as one of the oldest representatives of the cryptocurrency industry.”

Recently, CEX.IO has also presented WebSocket API, actively used by professional traders and developers. Together with information that can be obtained on TradingView, getting profit by trading highly volatile cryptocurrencies on CEX.IO has become even more accessible.

About CEX.IO

CEX.IO is a UK-based Bitcoin cryptocurrency exchange established in 2013. The exchange offers a wide range of payment instruments, such as payment cards, wire transfer, SEPA, AstroPay, Skrill, and others. CEX.IO provides steady services backed by cold cryptocurrency storage, financial viability, and profound legal compliance.

To learn more please go to: https://cex.io/

Media Contact

Name: Helga Danova, Communications Officer

Email: helga.d@cex.io

City and Country Location: London, UK

 

CEX LOGO COLOR

 

CEX.IO 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 FDIC and other consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz:

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

scadmin

A New Use Case For Bitcoin, Ucontrol.TV Launches Bitcoin Controlled Live Web Streams

Bitcoin Press Release:  Innovative start-up Ucontrol.TV enables anyone to watch and control a live stream of water buckets with as little as 0.001 BTC. The buckets support different charities including Sean’s Outpost and The Water Project. Another use case for Bitcoin other than a currency or store of value has emerged.

AUSTIN, TX – Ucontrol.TV has created the first live demonstration where anyone, anywhere can control the flow of water using Bitcoin as the on/off switch.

“Not only does Bitcoin act as the switch but the amount of Bitcoin sent is proportionate to the amount of water dispensed” explains Dale Malone, Managing Partner at Ucontrol.TV

Anyone worldwide can watch and control water buckets within a live video stream by sending a small amount of Bitcoin (0.001btc equivalent to $0.24) to an address associated with each bucket. The more Bitcoin sent the longer the bucket will fill with water. Bucket 1 supports The Water Project charity in Africa. Bucket 2 supports Sean’s Outpost a homeless shelter in Florida and bucket 3 helps pay the water bills at Ucontrol.TV. This fascinating first proof of concept is creating a new category of Bitcoin applications where crowds of users can interact with a single device.

Future innovative channels in development include:

–  Zoo Animal Feeding:  Imagine a live cam on the penguin exhibit but now integrate Ucontrol.TV into the stream.  Buckets can now be filled with sardines and the penguins can be fed by anyone in the world who sends Bitcoins to that bucket.  The zoo gets additional revenue and site visitors while the user gets a more interactive experience with the animals.

–  Live Concert Control:  A live cam is streaming a local concert but now Ucontrol.TV is inserted into the stream.  The audience can now control the song lineup by the collective power of sending small amounts of Bitcoin to different addresses which effectively acts as a voting booth.

Using Bitcoin to control devices and monetize live video streams is a creating an entirely new way for people to interact on a global scale.  Observers can look forward to new and exciting live channels to be developed by Ucontrol.TV.

To learn more please go to: http://ucontrol.tv

The site is best viewed on a desktop/laptop computer using the Chrome browser. At this time the site is NOT supported on mobile devices.

Media Contact:

Name: Dale Malone

Email: dmalone@ucontrol.tv

City and Country Location: Austin, Texas

Ucontrol TV

Ucontrol.TV 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 FDIC and other consumer protections. This press release is for informational purposes only.

About Bitcoin PR Buzz:

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

Bitcoin PR Buzz Feed

World’s First Bitcoin Friendly Bank NextBank Announces Upcoming Launch Establishes “NB Formation Company”

Bitcoin Press Release: NextBank’s mission is to provide advanced banking services for Bitcoin and cryptocurrency users worldwide. NextBank will offer international Debit Cards, accounts denominated in both fiat such as USD and various cryptocurrencies, SWIFT transfers, an escrow service, currency exchange, and much more.

NextBank believes in a great future for Blockchain technology and the cryptocurrency revolution by planning to offer international Debit Cards, accounts denominated in fiat and Bitcoin, SWIFT transfers, an escrow service, currency exchange, and much more.

NextBank thinks about global business. They are against 3-5% charges for currency conversion. NextBank charges from 0.2% (popular currencies) to 0.4% (less popular currencies). Furthermore, NextBank is offering cryptocurrency and precious metals on single multi- currency accounts. Accounts will support over 135 currencies and precious metals. Bitcoin, Litecoin, USD, GBP, gold, silver, platinum and palladium in one account within one bank. Users will also enjoy up to 60 months without any storage fees.

NextBank is happy to assist clients in 50+ languages. Multi-language online banking will improve co-operation opportunities. Bank managers are ready to talk with customers in their language. NextBank is working for the needs of 21st Century customers. The global cryptocurrency banking platform plans to launch 7 offices worldwide in 2016: in the UK, France, Germany, Spain, China, Malaysia and Russia.

NextBank is making financial procedures less complicated for the Bitcoin community. The bank is offering private or business accounts for cryptocurrency operations. Users can open account in less than 90 minutes. In most cases it will be enough to provide a passport, utility bill and fill out a short application form. Photocopies are accepted and originals are not required. After successful documentation upload, applicants will have a virtual interview (10-15 minutes). Clients will receive account details, online banking and a unique access code, to help generate one-time passwords before the end of the interview.

NextBank is independent from any financial institutions. Anyone has a great opportunity to take part in the cryptocurrency revolution and become a NextBank shareholder. One stock share price is $100. There are 250000 stock shares. As a result, investors will receive 1/250000 of NextBank profits. Dividends will be paid in fiat currencies or Bitcoin.

Furthermore, there are many different bonuses for shareholders. For example, priority account opening, priority application processing or up to 60 months free-of-charge banking.

Funding started in October 2015.

About NextBank:

After co-founding a mainstream financial services company Dim Voloshinsky wanted to revolutionize banking by launching a worldwide banking service fully integrating Bitcoin. He is also an early enthusiast and investor in Bitcoin since 2012. The NextBank CEO will be Celine Neves – ex-CEO of Vanuatu Private Bank, recently sold to foreign investors. The NextBank Foundation Company expects to acquire a banking license in Vanuatu in the beginning of 2016 and launch NextBank operations during first half of 2016. The NextBank Foundation Company is registered in Vanuatu with company registration number 300104.

To learn more about NextBank please go to: www.nextbank.vu

Media Contact:

Name: Simon Peltin, PR, NB Formation Company

Ph: +442078460078

Email: press@nb.vu

Updates: www.nextbank.news

City and Country Location: Port Vila, Vanuatu

NextBank HD Logos: https://goo.gl/8kXhPL

NextBank Logo

NextBank 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 FDIC and other consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz:

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

scadmin

BSAVE To Launch Next Generation Of Bitcoin Savings After $400 000 Seed Investment

Bitcoin Press Release: London based BSAVE is a unique savings account that allows users to securely store Bitcoins, while receiving daily interest payments. A BSAVE account is directly connected to users’ Coinbase wallet allowing fast and simple deposits and withdrawals. Having raised over $400 000 in seed capital, BSAVE is the ideal saving solution for Coinbase users and Bitcoin enthusiasts worldwide.

London based BSAVE introduces a new platform that enables users to profit directly from their dormant bitcoins and offers a profitable saving solution that suits both short-term and long-term savers. BSAVE users begin to accrue competitive interest within the first minute of transferring Bitcoins to their BSAVE savings account. Daily interest is automatically credited to the users Coinbase wallet at the end of each 24H period. The full amount of Bitcoins is available if the user wishes to withdraw funds with no financial penalties. BSAVE offers a simple, secure and hassle free way of saving.

BSAVE managed to secure a successful round of funding, raising over $400 000 in seed capital. BSAVE offers daily variable interest rate payments calculated using sophisticated mathematical algorithms reflecting both the size of the balance and the time spent in the saving account. BSave platform displays a prime widget showing at a glance the live projection of users’ daily return. The projection change in synch with the performance of the margin loan market, keeping you up to date and allowing users to make decisions based on relevant information.

Former Societe Generale quantitative analyst Jonathan Azeroual co-founded BSAVE with the vision to radically simplify the process of online saving and investment; opening the potential of financial services in digital currencies to millions of people around the world.

“People come to expect more robust, user friendly and dynamic platform. It’s the threshold for delivering a digital product or service today. Money and banking are certainly moving toward this digital hunt and financial services face a digital and human imperative to become more efficient.

 

Bitcoin and digital crypto-currencies may be best suited to disrupt finance and become a global platform for storing and exchanging value. BSAVE aims to unlock this potential by introducing a paradigm shift for online savings.”

The Bitcoin savings platform is built on the services of well-established Bitcoin wallet Coinbase that allows the account holder to manage their Bitcoin funds easily and safely. BSAVE chose to partner with Coinbase due to their stringent security procedures and their large customer base.

BSAVE strives to become the customers first choice Bitcoin saving platform combining attractive rates, user-friendly interface and cutting-edge security. BSAVE users can watch their account balance grow fully protected by encrypted SSL and 2-step verification. Security systems ensures withdrawals can only be done from your BSAVE account to its associated Coinbase wallet and are at all times monitored by BSAVE’s in-house security team.

Registration for early access has already opened at http://bsave.io/.

The BSAVE team consists of a group of online entrepreneurs with a vision for combining the potential of alternative investments with the power of new technology. They bring proven experience and solid professional expertise from diverse backgrounds in the fields of finance, high tech development and online marketing.

For more information please visit: https://www.bsave.io

Media contact: media@bsave.io

Follow BSAVE on twitter: https://twitter.com/bsave_io

City and Country Location: London, UK

BSAVE logo

BSAVE 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 FDIC and other consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz:

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

scadmin

NAC Foundation Announces Proprietary Core Technology of Aten “Black Gold” Coin

Privately Regulated Public Blockchain Achieves Anti-Money Laundering, Anti-Terrorist Financing and Anti-Theft Goals

The appearance of Bitcoin and its associated block-chain technology has gained tremendous interest in the development of decentralized, but secure, money banking and transaction systems. Bitcoin is gaining recognition all over the world as a convenient financial tool for daily payment and also for transferring money across the national borders. However, there is serious concern about Bitcoin’s use for criminal exploits and the financing of terrorist activities. For example, recently Australian’s biggest banks have closed bank accounts of at least 17 Australian Bitcoin companies. One of the major reasons is the untraceable nature of Bitcoin. Aten Coin recently introduced a proprietary, privately regulated public blockchain. This technology is the core of the Aten “Black Gold” Coin, and was created to solve problem of money laundering, criminal and terrorist financing and online theft.

Aten Coin – Born for Anti-Money Laundering, Anti-Terrorism and Thief-Resistance

In 2012, a group of programmers and entrepreneurs led by Marcus Andrade started working on the Aten Coin project and in early 2014 when development was nearly finished, Mr. Andrade formed the National Aten Coin Foundation (NAC) which is a cryptocurrency named Aten Black Gold Coin (also called as Aten Coin), which is based on the Bitcoin protocol, but with additional features to achieve anti-money laundering, anti-terrorism and thief-resistance. Aten is the ancient Egyptian God depicted as the solar disk emitting rays terminating in human hands. NAC named their new cryptocurrency after Aten because Aten Coin is designed to be a transparent cryptocurrency that cannot be used by the dark markets. After two years of efforts, NAC is now a Platinum Service Member of the American Bank Association (ABA), and Aten Coin is compliant with the following agencies: Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), Anti-Fraud and Financial Crimes (AFF), Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA), USA PATRIOT Act and the FACT Act. Aten Coin has been officially launched in September 2015, and now can be purchased at AtenPay.com. To the best of our knowledge, Aten Coin is also the first cryptocurrency that can meet the KYC/AML compliance.

Privately Regulated Public Blockchain Technology of Aten Coin: The 4th Type of Blockchain

The blockchain of Bitcoin is considered to be a “public blockchain”. Anyone in the world can read, modify and verify it. No one can own and control the blockchain. Anyone can freely create bitcoin addresses and freely use their addresses to receive and send bitcoins. Recently there have been a lot of discussions about how to modify and make use of the Bitcoin’s blockchain technology. For example, The Bank of England has said that central banks are looking at ways to implement “hybrid systems” involving distributed ledger technology of the type currently used to record bitcoin transactions. Besides “public blockchain”, the concepts of “private blockchain” and “consortium blockchain” have appeared. In such concepts, the blockchains will be solely controlled by either a private entity or a group of private entities. However, such concepts totally opposite the concept of decentralized banking. To tackle with the issues of criminal uses and terrorist financing, NAC has invented a method (EU patent pending and U.S. copyright protected) that allows people to trace and track identities senders and receivers of a cryptocurrency when necessary. This invention involves a “privately-regulated public blockchain”, which is a novel concept and can be considered as the 4th type of the blockchain technology. Anyone in the world can read the Aten Coin blockchain and participate in transaction verification and Aten Coin mining. Aten Coin is only regulated when it comes to KYC/AML compliance and anti-terrorist compliance. The major advantage of NAC’s novel blockchain technology is that the key decentralized banking concept of Bitcoin is being maintained, while Aten Coin can overcome the major shortcomings of the Bitcoin protocol.

Aten Coin’s Identity-Linked, Credential Authentication Protocol

One the basis of a privately-regulated public blockchain, NAC has built a personal identity-linked credential authentication protocol into the source code of Aten Coin. The protocol involves an integration of three major processes, including personal identity verification, credential authentication and a two-party signature scheme. A regulation system is introduced at the blockchain level in the way that (i) all Aten Coin addresses must be multisignature addresses comprising of a pair of public key and private key from NAC and at least one pair of public key and private key from an Aten Coin user, and (ii) all Aten Coin addresses can only be created by people whom have got an authorization from NAC. Furthermore, (iii) without NAC’s authorization, no one can use any Aten Coin addresses to send any atencoins that are recorded (stored) at the Aten Coin addresses. In order to obtain authorization from NAC, all Aten Coin Users must register as an Aten Coin User in the NAC’s systems, and in the process of registration all potential Aten Coin Users must provide valid document to disclose their legal identities.

NAC’s Founder, Marcus Andrade, discussed how Aten Coin is being regulated.

“Once an Aten Coin User has successfully registered at www.AtenWallet.com, he/she will be given an Aten ID, and will be allowed to create their private Aten Credentials, which will be subsequently approved by NAC’s system to be used as valid credentials to obtain NAC’s authorization for generating Aten Coin addresses as well as for making Aten Coin transactions,” said Andrade. “All the authentication process steps are working at the network level, and the passwords of Aten Credentials are only known by the Aten Coin users who created them and encrypted in the NAC’s system. No one from NAC can know passwords of those Aten Credentials. The authentication protocol is built inside the source code of Aten Coin. In other words, no one can by-pass NAC’s authentication system,” he said.

In the typical transaction process, NAC’s authentication system will automatically provide authorization to any request for address generation or transaction creation as well as signing a transaction upon the receipt of a valid Aten Credential. Therefore, most of the time Aten Coin will function in the way similar to Bitcoin, except that by design Aten Coin transactions are faster, cheaper and more secure. All transaction data are available in the Aten Coin’s blockchain, which is open to the public. Public will not be able to know the identities of Aten Coin senders and receivers as in the case of Bitcoin. However, real identities of the senders and receivers are kept in NAC’s system with protection. Using Aten Credentials and Aten IDs, NAC can trace the legal identities of any senders and receivers when necessary. This allows NAC to reveal identities of senders and receivers associated with any transactions which are suspected to associate with any money laundering, hacking or illegal activities, while maintaining privacy of Aten Coin users.

Aten Coin’s core technology allows NAC to monitor every single transaction and identify those suspected for involvement in illegal activities, such as money laundering and terrorist financing through analyzing individual Aten Coin users’ transaction records. It is NAC’s obligation to report any suspicious transactions and identities of their associated senders and receivers to the relevant government agencies for further action. It provides a practical solution for the current KYC/AML incompliance issues of Bitcoin and various alternative cryptocurrencies. As all transaction creations are being regulated by NAC and cannot be created without NAC’s authorization, NAC can also restrict Aten Coin transaction to be created in authorized countries. In such way, NAC can proactively avoid Aten Coin being used into regions prohibited by United States of America or United Nations Sanctions by monitoring the locations of senders. This should help minimizing the chance of using Aten Coin in financing terrorist activities.

Andrade talked further about Aten Coin’s unique theft-resistance solution.

“As senders and receivers of all transactions can be revealed, any thieves or hackers who steal the Aten Coins can be easily traced and tracked by retrieving personal identities of the receivers from the client information database,” said Andrade. “Moreover, the credential authentication mechanism behind Aten Coin allows a user to change the credential to stop coins being transferred out from a stolen wallet. As a result, NAC’s invention can prevent atencoins from being stolen,” he said.

About National Aten Coin

Headquartered in Las Vegas, Nevada, National Aten Coin (NAC) is the creator of the Aten “Black Gold” Coin, a cryptocurrency (a form of electronic money) and its global payment transaction network. The official website of Aten Coin is AtenCoin.com. While maintaining privacy of customers, the NAC utilizes proprietary techniques to verify ownership of coin holders, secure and monitor transactions, trace and track identities of senders and receivers, keep recordkeeping efforts transparent, protect coins from stealing.

For more information please visit: AtenCoin.com, AtenPay.com and AtenWallet.com.

Media Inquires:

Name: Marcus Andrade, Founder

Phone: 1-702-515-4038

Email: press@atencoin.com

AtenCoin Screenshot

Aten Black Gold Coin 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 FDIC and other consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz:

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

scadmin