PR: Universa Blockchain Project Ceo Alexander Borodich and Yellowrockets Are Launching the World’s First Decentralized Blockchain Accelerator

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

The founder of Universa Platform Alexander Borodich has announced the start of recruitment for the Universa first blockchain accelerator.

YellowRockets team will be responsible for organizing and managing the accelerator, which will be a meeting point for startups that use blockchain technology in their projects, and blockchain industry experts. The startups will get an investment opportunity, along with the chance to meet specialists in the area. Experts will be able to address real market challenges with a full access to the Universa Blockchain Platform tools for solving them.

“Since blockchain technologies are highly popular now, investors, along with consumers, show interest in developments based on these technologies. However, although blockchain is on the rise now, startups still may face some common mistakes. Acceleration can speed up projects development and enhance their attractiveness on the market,” Alexander Borodich says.

Accelerator will be held in 3 phases. First, applications should be submitted till 10th of November on www.urockets.com. Then, PreCamp will be held, at BAZAAR Tech Convention in Sochi, November 16-19. After that, Russia’s best blockchain startups will be directly involved in the work of accelerator.

Alexander Borodich launched Universa Protocol and Blockchain Platform with the idea to create business applications to tackle the tasks of the real sector of economy. The platform provides a gateway for services to automatically accept any input documents and give out standard output documents based on the rights and conditions of the smart contracts’ logic. At the same time, Universa does not produce any crypto currency.

The advantages of the platform are as follows.

Conducting 22,000 operations per second. If compared, Ethereum conducts 15 operations per second, and Bitcoin speed is 3 – 6 transactions per second;
Transaction cost is very low, ten times cheaper than those in Ethereum;
API is simple enough to be easily integrated with the current business processes;
It can be used in various spheres, from electronic access keys to the direct bank transactions.

Press Contact Email Address
Zimenko@artox-media.com
Supporting Link
Universa.io

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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PR: Universa Blockchain Project Ceo Alexander Borodich and Yellowrockets Are Launching the World’s First Decentralized Blockchain Accelerator

Universa Blockchain Project

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

The founder of Universa Platform Alexander Borodich has announced the start of recruitment for the Universa first blockchain accelerator.

YellowRockets team will be responsible for organizing and managing the accelerator, which will be a meeting point for startups that use blockchain technology in their projects, and blockchain industry experts. The startups will get an investment opportunity, along with the chance to meet specialists in the area. Experts will be able to address real market challenges with a full access to the Universa Blockchain Platform tools for solving them.

“Since blockchain technologies are highly popular now, investors, along with consumers, show interest in developments based on these technologies. However, although blockchain is on the rise now, startups still may face some common mistakes. Acceleration can speed up projects development and enhance their attractiveness on the market,” Alexander Borodich says.

Accelerator will be held in 3 phases. First, applications should be submitted till 10th of November on www.urockets.com. Then, PreCamp will be held, at BAZAAR Tech Convention in Sochi, November 16-19. After that, Russia’s best blockchain startups will be directly involved in the work of accelerator.

Alexander Borodich launched Universa Protocol and Blockchain Platform with the idea to create business applications to tackle the tasks of the real sector of economy. The platform provides a gateway for services to automatically accept any input documents and give out standard output documents based on the rights and conditions of the smart contracts’ logic. At the same time, Universa does not produce any crypto currency.

The advantages of the platform are as follows.

Conducting 22,000 operations per second. If compared, Ethereum conducts 15 operations per second, and Bitcoin speed is 3 – 6 transactions per second;
Transaction cost is very low, ten times cheaper than those in Ethereum;
API is simple enough to be easily integrated with the current business processes;
It can be used in various spheres, from electronic access keys to the direct bank transactions.

Press Contact Email Address
Zimenko@artox-media.com
Supporting Link
Universa.io

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Police Say Human Traffickers are Turning to Bitcoin

Police in Jamaica say that human traffickers are increasingly turning to Bitcoin and other cryptocurrencies in order to hide the money trail and avoid law enforcement.

We live in a world of progress and are surrounded by the miracles of modern technology. Food is grown in areas that were once barren, and we can communicate with people on the other side of the world in an instant. Yet for all our continuing march towards a better world, there is still quite a bit of ugliness to be found. Case in point is the continued existence of human trafficking, which is estimated to be a $150 billion USD industry worldwide. Trying to fight this scourge is hard enough, to begin with, but police in Jamaica say that it’s getting harder as human traffickers are increasingly using Bitcoin and other cryptocurrencies to evade detection.

Human Trafficking is a Worldwide Scourge

Human Trafficking is a Worldwide Scourge

The statistics for human trafficking are shocking. It’s estimated that over 45 million men, women, and children are affected by this modern day slavery. This slavery takes many forms: sexual exploitation, organ harvesting, forced marriages, labor, murder, and even forced abortions for stem cell harvesting. It’s enough to make the hairs on your head stand up.

Jamaica is taking human trafficking seriously, especially in light that they were on an international watch list for the horrendous practice. The country has managed to remove itself from the list after recently rescuing more than 70 victims and convicting four human traffickers. At the Anti-Money Laundering/Counter-Financing of Terrorism Conference in New Kingston, law enforcement stressed the need to hit human traffickers “in the pocketbook” but that such actions are getting more difficult.

Using Bitcoin and Other Cryptocurrency to Hide Money Trails

Jamaican law enforcement is talking to global law enforcement agencies and banks on how to follow the money trail for human trafficking. The current main issue that the police have is that the money trail is getting harder to follow as human traffickers are now using Bitcoin and other cryptocurrencies. Deputy Superintendent of Police Carl Berry says:

They are asking for payment in bitcoin and other cryptocurrencies, a new factor which creates problems for law enforcers.

The police also say that the use of the “dark web” for human trafficking transactions is compounding the problem due to anonymity. The superintendent says that the Jamaican police have a plan but has not elaborated on it.

Using Bitcoin and Other Cryptocurrency to Hide Money Trails

The use of cryptocurrency by criminals should not come as a shock. As soon as any new technology is invented, there are those who immediately begin to think about how to use it in an illegal manner. Just as soon as computers could talk to one another, people began hacking. The reality is that there are no easy answers on how best to fight human trafficking in today’s world. Blaming cryptocurrency is not the solution as human trafficking was thriving long before Bitcoin and its ilk were created.

What do you think about human traffickers turning to Bitcoin and other digital currencies? Let us know in the comments below.

Images courtesy of Pexels, Flickr, Pixabay

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BREAKING: Russia Issuing ‘CryptoRuble’

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Is Blockchain-Driven Bandwidth the New Super Currency?

Click here to view original web page at www.zerohedge.com

It may not be talked about as much anymore but bandwidth continues to be a prime commodity that powers the internet. The rise of cloud computing may have created the notion that scaling up capacity is easy whenever an app or service demands more. However, the ability to scale up doesn’t mean that computing resources are limitless.

Resource and hosting providers may also claim that they can provide “unmetered” and “unlimited” services but the fine print would actually say otherwise. These service packages still have limits. It’s not like one can subscribe to a $5-a-month hosting package and run YouTube on it. Bandwidth also comes with a price.

Being finite and useful makes bandwidth valuable. The idea of bandwidth being “currency” has been floated around even a decade ago, back when peer-to-peer and streaming video were only emerging. Demand for bandwidth was rising and the global infrastructure was far from the size and complexity that it has today.

The challenge then was to make the economics work. However, it’s only recently that such a concept could effectively be explored thanks to the emergence of the blockchain. Now that new blockchain platforms allow just about anything of value to be tokenized and traded like bitcoin, blockchain-driven bandwidth could just become the new super currency.

Decentralized computing resources

Decentralized computing resource provision through blockchain is now gaining traction. Blockchain can be used to effectively pool together computing resources and make these available to other users.

Sia, and Filecoin, for instance, provide a decentralized file storage solution, by “renting” hard disk space to create a “decentralized Dropbox”. Golem allows users around the globe to rent their CPU processing power to other users seeking to enhance their computational capabilities, thus creating a worldwide supercomputer for hire.

Aside from hard disk storage and computing resources, there’s bandwidth.

Gladius.io provides a platform for users to rent out spare and underutilized bandwidth to be used for content delivery and distributed denial-of-service (DDoS) mitigation to create a “decentralized Cloudflare”. The company’s vision is to use bandwidth to build a marketplace which lets people all across the world buy and sell bandwidth to help safeguard (DDoS protection) and accelerate participate in a global CDN) websites. Distribution also eliminates the single point of failure, which in this case equals to better protection. When centralized SaaS solutions are being used a cyber attack on a resource provider could disrupt operations of all services that depend on it.

All these services allow users to tap distributed resources in order to better the internet and make it cheaper and more effective. Unlike traditional cloud storage where files and data can essentially be accessed by providers, a decentralized approach encrypts files and information and distributes data across the network. Only the owner could gain access to the information.

Clearly, among the advantages of a decentralized approach to resources are cost and security.

Lastly, decentralized resources are often cheaper since the cost of running the infrastructure is distributed among peers.

Tokenizing through blockchain

Other ventures are already attempting to tokenize a variety of real-world assets. Blockchain ventures are tokenizing real estate, gold, and even art in order for these to be traded faster and easier than traditional means.

As tokens, even fractional ownership will be possible thus lowering the barriers to ownership and access. While token and cryptocurrency trading has yet to mature, blockchain’s ability to tokenize just about anything creates exciting opportunities on how trading digital commodities.

Blockchain tokens can now be created to represent bandwidth and other resources. These tokens can then be traded for other services within the platform or even for other cryptocurrencies and fiat currencies through exchanges.

Blockchain transactions are fast and transparent. As such, there is potential for the creation of a fair marketplace where prices of computing resources are actually determined by supply and demand rather than be dictated by the dominant players.

In addition, the rise of bitcoin is proof that the market could already place value on virtual currency. What more if the currency represents something that has inherent value in computing such as bandwidth?

Rising demand

There is an ever-rising demand for such computing resources. Developments in other domains such as big data, analytics, machine learning, and the Internet-of-Things (IoT) push greater demand for bandwidth, storage, and processing time.

According to Gartner, adoption of cloud computing and security is expected to grow year-on-year for 2017. Public cloud services market is expected to grow by 18 percent. Spending on cybersecurity is also estimated to rise 7 percent.

In cybersecurity, for example, companies are struggling to keep pace putting up defenses against rampant cyberattacks. Due to the abundance of compromised devices that are hijacked to create botnets, DDoS attacks can be executed by malicious actors easily. Downtime caused by such attacks are costly and devastating so more organizations seek to adopt security solutions. However, the cost of such services remains prohibitive, especially for smaller businesses.

Security providers leverage their access to bandwidth and computing resources for their services. In turn, their top service tiers also command premium pricing. A blockchain-driven service like Gladius.io uses decentralized resources thus enabling packages to be customized and priced more accessibly.

A super currency?

So how could blockchain-driven bandwidth become a “super currency”? First, is the utility of bandwidth. The internet relies on bandwidth to function and this makes bandwidth inherently valuable. Second, there is an increasing demand for bandwidth and computing resources. Scarcity drives up prices of commodities. Lastly, blockchain can tokenize bandwidth making it tradable for other services or other stores of value. These make it quite the promising asset especially in a world that is shifting most of its activities to the online and digital space.

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LND Demo App Brings the Lightning Network to All Users

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TheMerkle LND Desktop App Lightning Network

The Lightning Network is one of those big developments a lot of Bitcoin enthusiasts have been looking forward to. While this technology is still in development as we speak, some significant progress has been made in the past few weeks. A desktop application for LND has been released to the public, which marks an important milestone for both Bitcoin and the Lightning Network.

LND Desktop App is now Available

A few weeks ago, we touched on the concept of LND, which is one of the many Lightning Network implementations in development right now. What makes this particular project so interesting is how it effectively provides an interface for both users and developers. In its current implementation, the Lightning Network is still in the early stages of development, and ensuring one can benefit from its new features will not be easy under any circumstances.

That being said, the LND developers have made some major progress so far with their client. More specifically, a test version of LND is now available to desktop users all over the world. The demo wallet is part of a two-week testing blitz designed to collect feedback and identify any lingering bugs that need to be addressed. It will be interesting to see if people come up with anything that needs to be improved upon.

It is important to note this LND test wallet has cross-platform functionality and will work on Windows and Linux for the time being. There is no Macintosh support, but considering this is an early alpha build, no one should have expected anything else. This doesn’t mean we won’t see MacOS support in the future, mind you, but for now, it is not necessarily on the agenda for the developers.

Additionally, it is worth noting the desktop demo app is fully SegWit-enabled. Even though Segregated Witness activated on the Bitcoin network quite some time ago, very few wallets and service providers have integrated it so far. Something needs to change in this regard, and it seems the LND desktop client will do exactly that. We can only hope to see more wallets do the exact same moving forward.

According to the team’s blog post, the Lightning protocol specifications are almost complete as well. For now, the goal is to ensure compatibility with this desktop app for the next two weeks, but it is possible we will see more support being added in the future. After two weeks’ time, the team will switch over to a regular release cycle. No specific deadlines have been provided in this regard, but things are expected to continue to move along nicely.

Last but not least, it is worth pointing out that the Lightning Desktop App is powered by Neutrino. For those who are unaware, Neutrino is open source and is packaged as a new client operation mode for Bitcoin. It will serve as the new backend for LND for quite some time to come. It also allows users to take full advantage of Lightning applications without needing to fully sync their nodes. This should effectively lower the barrier to entry, although it will be interesting to see how things play out in this regard.

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Fintech Start-Up FidentiaX Introduces World’s 1st Marketplace for Tradable Insurance Policies

Bitcoin Press Release: fidentiaX is building the World’s First Marketplace for tradable insurance policies by leveraging on blockchain technology

October 14th, Singapore Fintech start-up fidentiaX is in the developmental phase of creating the world’s first marketplace for tradable insurance policies by disrupting the status quo by empowering policy holders to monetise policies on the blockchain. fidentiaX will also be setting up fidentiaX Open Source Foundation (fSOF) to proliferate the embracing  of blockchain technology for the insurance industry.

In 2016 alone, the total market size for insurance premiums in the 40 OECD reporting countries was estimated to be in the north of $3.86 trillion dollars and Asia is projected to the be fastest-growing market for life insurance with an estimated real annual compounded growth rate of 10.2%.

findentiaX

The tradable insurance market is faced with inefficiencies such as:

Lack of awareness  Policyholders are unaware that policies are tradable asset which could be sold in the open market for a higher value. In 2015, out of the US$112 billion worth of policies surrendered in the U.S., US$57 billion (estimated 250,000 policies) could be resold.

No Recognizable Marketplace – The lack of a recognizable marketplace makes it challenging for sellers and buyers to connect.

Dependency on 3rd party – In the rare occasion where seller and buyer actually connects, parties need to place trust on a 3rd party to effect the transaction.     

fidentiaX’s marketplace will be a membership-based ecosystem focusing on the key stakeholders and providing the following services:

Policy ledger – Break traditional reliance on intermediaries by creating a digital ledger for policyholders.

Trustless Marketplace – Provides a platform for buyers and sellers to connect and trade policies via the blockchain.

fidentiaX will focus on building its operations within Asia before executing its global expansion strategy. Key countries within Asia are Hong Kong, Japan, Korea, Malaysia and Singapore.

To learn more, please visit fidentiaX’s official website at https://www.fidentiax.com/ and stay updated on their Crowd Token Contribution launch announcement by subscribing to their mailing list. Stay connected through their social channels:

 Join us on Telegram Channel at https://t.me/fidentiaX
Follow us on Facebook – https://www.facebook.com/fidentiaX/
Follow us on Twitter – https://twitter.com/fidentiaX

Media Contact:
Name: Alvin Ang
Email: Alvin.A@fidentiaX.com
City and Country Location: Singapore

fidentiaX 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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History Repeated? Confidence High Ethereum Will Avoid Blockchain Split

“There is no reason to believe that this one will be controversial.” Just days away from making one of its biggest-ever upgrades, confidence is high among ethereum supporters that the world’s second-largest blockchain will avoid past mistakes and successfully navigate a coming change to its codebase, projected for Sunday night. “I expect that nothing will happen,” Ethereum Foundation […]

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France’s AMF is Working on Formulating Its Position on ICOs

Click here to view original web page at coinjournal.net

French ICOS
France-ICOs (1)

France is currently determining a legal framework for initial coin offerings (ICOs), according to its financial market regulator.

Robert Ophele, president of the Autorite des marches financiers (AMF), said that they are developing regulations for the market, reports business magazine Challenges.

“We want to get a quick position on the issue,” Ophele said.

At present, it’s not known when the rules will be released. However, France becomes the latest country to announce that it plans to regulate ICOs.

In a Q&A interview, Ophele said that the use of digital currencies enables cash transfers to be conducted in a ‘fast and cost-free way’ around the world. However, he balanced his views by adding:

“[Cryptocurrencies] can very easily be the receptacle of all that one wants to avoid: tax evasion, money laundering or the financing of terrorism.”

These remarks come at a time when regulators around the world are considering their own positions regarding fundraising through ICOs and the regulation of digital currencies.

In July, the U.S. Securities and Exchange Commission (SEC) released an investigative report that found DAO tokens were securities and subjected to securities laws.

At the time, Jay Clayton, SEC chairman, said:

“The SEC is studying the effects of distributed ledger and other innovative technologies and encourages market participants to engage with us. We seek to foster innovative and beneficial ways to raise capital, while ensuring – first and foremost – that investors and our markets are protected.”

Last month, the SEC reported that it was in support of ICOs that do not fall under the definition of securities. According to a report, tokens such as Filecoin, Civic and Gnosis are tokens that grant investors credit for future use. As such, they act like a type of pre-paid gift card and don’t guarantee an ownership stake in the companies or blockchain networks. As a result, they don’t fall under the SEC’s jurisdiction.

On the other hand while countries such as Canada are taking a neutral approach, the same can’t be said for China and South Korea.

In September, both countries banned the use of digital currency tokens through ICOs. Chinese authorities have also halted domestic digital currency exchanges from trading. South Korea’s financial regulator, the Financial Services Commission (FSC), also stated that margin trading of digital currencies would be illegal following its ICO ban.

What France’s position will be regarding projects and startups raising funds through ICOs remains to be seen. However, it’s clear that authorities are taking a more proactive approach to the industry.

Just recently, Russia’s president, Vladimir Putin, voiced his support of the regulation of digital currencies as they ‘bear significant risks.’ Yet, while he’s aware of the Bank of Russia’s opinion on cryptocurrencies, he’s keen ‘not to put up too many barriers.’ According to Anton Siluanov, Russia’s finance minister, digital currencies are expected to be legalised and regulated in 2018 to crack down on money laundering.

Robert Ophele, president of the Autorite des marches financiers (AMF), […]

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New Blockchain-based Lending Platform for Small and Medium Businesses

Click here to view original web page at themerkle.com

wishfinance logo

Wish Finance has announced the launch of its blockchain-based lending platform for small and medium businesses. Wish Finance innovated a new technology for risk scoring and seamless repayments, based on real transactional data and connection to the POS infrastructure. At first ,the company will be providing loans for companies in Singapore and Hong Kong. Wish Finance will conduct a token sale from October 2nd to October 25th to raise funding for scaling up their new platform.

Eugene Green, CEO and Founder of Wish Finance, commented:

“Small businesses play a significant role in the modern economy, as they hire more people, pay more taxes, strengthen their local communities and eventually propel the growth of the economy. However, SMEs consistently report access to capital being one of the most important factors in being successful, as getting unsecured business loans still remains a large issue for them. In fact, SMEs are the most underbanked business category worldwide and Asia Pacific is the region with the least banked SMEs in most of the countries.”

Wish Finance is offering merchant cash advances and business loans with fair interest rates based on the company’s real cash flow, not assets. It has direct access to POS terminals infrastructure to see real time financial transactions, which it combines with the local market data for scoring. Wish issues a loan in 24 hours, and then deducts a few percents of the merchant customer’s’ payments to automatically repay the loan. In this way, repayments are made seamless and effortless for SMEs. Each loan is insured from customer’s bankruptcy.

To provide greater security and transparency, Wish Finance combined P2P lending and connection to the POS with the blockchain. It will store the entire portfolio and its performance in the blockchain, cleared from any personal borrowers data. This policy will help the borrowers, funds, current and potential investors in many ways, improving predictability and accountability of their investments, and providing an opportunity for the permanent audit of the company’s portfolio.

During private beta-testing, Wish Finance conducted lending for a group of 1000 small companies. 112 loans were accommodated all of them were paid back with 0% default rate (from $2,000 amount of loan – $15,000).

Wish Finance is planning to conduct an ICO starting from October 2nd-25th, 2017 and issue WISH tokens. WISH tokens executed by Ethereum could be at any time converted to equity of Wish Finance company registered in Singapore. Converted tokens intuitively will have its share of company profits as dividends.

Eugene Green said:

“We’ve conducted a very thorough and broad research of South-East Asia for the launch. We’ve also invested our own money to establish the company and its core technology, and successfully issued our pilot loans and got them repaid. We’re ready for the ICO and we will use those funds to scale up. We’re also negotiating partnerships with insurers and acquirers in different countries of Asia Pacific and Europe to expand into new markets.”

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

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