Monday, September 30, 2019

This AI Platform Identifies Privacy Threats in Social Networks and Messengers

AI Platform Identifies Privacy Threats in Social Networks and Messengers

Preserving your online privacy has become almost a lost cause these days. Thankfully, some entrepreneurial minds have taken it upon themselves to help web users stay informed of privacy risks and take action to thwart attempts to access their personal data. Guard is a platform which is doing exactly that.

Also read: Bankers Start to Recognize Bitcoin’s Role in Financial Evolution

Reading the User Agreement

Everyone has multiple online accounts, and most of us are worried about their digital personality being targeted by data collectors and marketing researchers. But we are also guilty of compromising our own security as very few people actually read the small print when subscribing to a service.

The people behind Guard have analyzed the privacy policies of major social networks, forums, and messengers, including some of those that are widely used by the crypto community. Their quest has produced some interesting and helpful results.

This AI Platform Identifies Privacy Threats in Social Networks and Messengers

The developers have examined the user agreements many of us have with platforms such as Twitter, Instagram, Youtube, Whatsapp, Linkedin, Tinder, Pinterest, Netflix, and Aliexpress. Forums and messengers used by cryptocurrency enthusiasts like Reddit and Telegram are also part of their study.

Guard has discovered privacy threats and data leak scandals involving these services and has ranked them according to the findings. The platform has employed artificial intelligence to produce its ratings. It also surveys visitors on its website to learn what they consider a threat to their privacy and to teach the AI taking into account their input.

Analyzing the Privacy Policy

Among the networks that are of particular interest for members of the crypto community, Reddit, which offers a platform for cryptocurrency news and discussion, has received a “neutral” verdict from Guard. There have been no scandals around its user data practices but 24 privacy threats have been identified by the research.

The two risks that have been singled out in the report about Reddit concern the possibility of your information being shared with advertisers and the fact that your data may be recorded indefinitely. The forum keeps a complete log of all sent messages even when the accounts are deleted and retains the IP addresses from which they were created.

Telegram, the messenger that enjoys the most popularity with crypto enthusiasts because of its encryption features, has a “good” verdict. Telegram assures users that it never shares personal data with anyone and does not store your secret chats on its servers. Guard’s analysis has found only one potential threat in its privacy policy, a line that reads: “We never delete your funny cat pictures, we love them too much.”

This AI Platform Identifies Privacy Threats in Social Networks and Messengers

Among the popular social networks, Twitter, Instagram and Tumblr have scored poorly in the ratings. There’s also a notable omission – Facebook, despite its own share of cases involving compromised user data. However, Guard accepts suggestions about the next site or product you think should be analyzed and rated. The company is also developing specialized software that will be able to block trackers, delete online activity, confuse algorithms and pollute collected personal data.

Privacy in financial transactions is best guaranteed by decentralized currencies and related services. If you want to join the crypto space, you can do so by acquiring your first coins at buy.Bitcoin.com, where you can safely and securely purchase BCH and other leading cryptocurrencies with a credit card. You can also trade your crypto assets on our noncustodial, peer-to-peer marketplace, local.Bitcoin.com, which already has thousands of users.

Have you thoroughly read the privacy policies of the social networks and messaging platforms you are using? Share your thoughts on the subject in the comments section below.


Images courtesy of Shutterstock.


Do you need a reliable bitcoin mobile wallet to send, receive, and store your coins? Download one for free from us and then head to our Purchase Bitcoin page where you can quickly buy bitcoin with a credit card.

The post This AI Platform Identifies Privacy Threats in Social Networks and Messengers appeared first on Bitcoin News.



READ MORE http://bit.ly/2o77tTu

from Cryptocurrency News https://ift.tt/2ni1MCm
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Financial Giant Fidelity Backs Bitcoin Derivatives Yield Fund

Financial Giant Fidelity Backs Bitcoin Derivatives Yield Fund

The Los Angeles-based Wave Financial has announced the launch of a bitcoin derivatives-based yield fund and Fidelity will provide custody for the fund’s BTC reserves. Wave Financial’s crypto fund commencement is part of a growing trend toward launching BTC derivatives products. CME Group has also revealed the derivatives marketplace will provide options on its bitcoin futures during the first quarter of 2020.

Also read: Fidelity’s Cryptocurrency Arm Starts Offering Institutional Investor Services

Wave Financial Launches Bitcoin Derivatives Yield Fund

Option strategies are becoming a popular trend within the cryptocurrency industry and just recently Wave Financial started a new bitcoin derivatives-based yield fund. A derivative is basically a contract that derives its value from the price of things like commodities, currencies, stocks, and bonds. Since 2017, BTC market prices have been used for indexes and market sentiment data. With these instruments, financial institutions create swap agreements, forward contracts, options contracts, and futures.

Financial Giant Fidelity Backs Bitcoin Derivatives Yield Fund
Wave Financial revealed the launch of a bitcoin derivatives-based yield fund and Fidelity will hold the fund’s BTC.

Usually, options are established after futures markets become more mature and they allow traders to profit from the ebb and flow tethered to market sentiment. The Wave BTC Income & Growth Digital Fund is an incorporated fund stemming from the British Virgin Islands. The fund plans to let investors generate yield by selling call options on the BTC reserves held in the Fund. According to the firm, Fidelity Digital Assets is providing custody for the fund’s BTC reserves.

“For high net worth investors, appetite for innovative yield product with upside potential is strong,” explained Benjamin Tsai, President of Wave. “This product monetizes higher volatility of BTC to deliver yield, independent of the interest rate environment while keeping some upside exposure.”

Wave says the yield fund plans to distribute a dividend of 1.5% of net asset value (NAV) per month. From there the fund is aiming for an 18% target annual yield and any excess will be used to purchase more BTC. The excess, minus a performance fee, will help the overall NAV grow further, explains Wave. “The fund would generate this premium by selling call options with strikes higher than the current price, which also leaves room for investors to capture potential BTC upside,” the company added.

Financial Giant Fidelity Backs Bitcoin Derivatives Yield Fund
Wave’s select 20 cryptocurrency index.

CME Group and Binance Join the Derivatives and Options Party

The news follows the recent CME Group announcement that the options marketplace will offer options on bitcoin futures in early 2020. CME said it plans to add options strategies because of the “growing interest in cryptocurrencies and customer demand for tools to manage bitcoin exposure.” Tracks will be regulated and settles will be actively traded in CME bitcoin futures. The company emphasized that the new products will offer BTC traders potential to save on margins through margin offsets and the products can “expand choices for managing risk and building strategies.” Moreover, at around the same time in Q1 2020, market participants may see BCH-based futures on a CFTC-regulated exchange.

Financial Giant Fidelity Backs Bitcoin Derivatives Yield Fund
CME Group says bitcoin options are coming in Q1 2020. At roughly the same time, bitcoin cash (BCH) futures will be launched on a CFTC-regulated exchange.

In addition to Waves and CME, the cryptocurrency exchange Binance plans to get into the crypto derivatives and options movement. During the first week of September, the firm revealed it acquired the trading platform JEX. The acquisition will allow the Malta-based exchange to participate in futures markets, options strategies, and a variety of token-based derivative products. Binance aims to manage the JEX token as well in order to boost the derivatives market’s foundation. The Wave BTC Income & Growth Digital Fund also plans to issue a fund-based token in order to trade on “alternative trading systems at a later date.”

“The mission of Wave is to provide investors with diversified exposure to crypto assets,” said David Siemer, CEO of Wave during the launch announcement. “This is an alternative way to hold BTC exposure.”

What do you think about the Wave bitcoin derivatives-based yield fund? What do you think about CME Group offering BTC options based on its future products? Let us know what you think about this subject in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is 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 this article.


Image credits: Shutterstock, CME Group, Wave Financial, and Wave’s 20 Index.


Do you want to keep an eye on moving cryptocurrency prices? Visit our Bitcoin Markets tool to get real-time price updates, and head over to our Blockchain Explorer tool to view all previous BCH and BTC transactions.

The post Financial Giant Fidelity Backs Bitcoin Derivatives Yield Fund appeared first on Bitcoin News.



READ MORE http://bit.ly/2nYqjMK

from Cryptocurrency News https://ift.tt/2oHHZMU
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Will Frank Gore Be the Most Boring Hall of Famer Ever?

By NFL standards, Buffalo Bills running back Frank Gore is old. Running backs do not make it to the tender old age of 36 while still wearing a uniform and logging carries every week, but he has. Of course, when you play as long as he has, you are bound to accomplish a few things. […]

The post Will Frank Gore Be the Most Boring Hall of Famer Ever? appeared first on CCN.com



source https://www.ccn.com/will-frank-gore-be-the-most-boring-hall-of-famer-ever/

READ MORE http://bit.ly/2moIquU

from Cryptocurrency News https://ift.tt/2oxBaxk
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Former Goldman Sachs Analyst: ‘Facebook Insiders Hate Their Stock’

Facebook (FB) has been in a bull market ever since it took out resistance of $40 in August 2013. The strong uptrend catapulted the equity to an all-time high of $218.62 in July 2018. That’s an impressive growth of close to 450% in five years. Since then, the security has been correcting. The significant pullback […]

The post Former Goldman Sachs Analyst: ‘Facebook Insiders Hate Their Stock’ appeared first on CCN.com



source https://www.ccn.com/former-goldman-sachs-analyst-facebook-insiders-hate-stock/

READ MORE http://bit.ly/2nbFSRd

from Cryptocurrency News https://ift.tt/2nUpnsH
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

If You Thought FIFA 20 Was Terrible, the Switch Edition Fares Worse

This year’s iteration of EA’s soccer cash cow, FIFA 20, released last week and almost instantly garnered angered backlash from players on most facets of the game, with a particular focus on Career Mode. #FixCareerMode trended on Twitter as players pointed towards EA’s neglect of the mode which has long been a fan favorite in […]

The post If You Thought FIFA 20 Was Terrible, the Switch Edition Fares Worse appeared first on CCN.com



source https://www.ccn.com/fifa-20-bad-nintendo-switch-worse/

READ MORE http://bit.ly/2nQadVn

from Cryptocurrency News https://ift.tt/2n7cMSQ
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Dow Hesitates as Trump Trade Hawk Slams ‘Irresponsible’ Fake News

A hesitant Dow fought to close the third quarter in positive territory as Wall Street wrestled with a growing list of international and domestic threats. But while new risks – like impeachment – engross the talking heads on cable news programs, it’s an old risk – the US-China trade war – that commands the bulk […]

The post Dow Hesitates as Trump Trade Hawk Slams ‘Irresponsible’ Fake News appeared first on CCN.com



source https://www.ccn.com/dow-hesitates-as-trump-trade-hawk-slams-irresponsible-fake-news/

READ MORE http://bit.ly/2oxAvfk

from Cryptocurrency News https://ift.tt/2mqhzyE
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Dow Jones Delivers ZERO Quarterly Return as Stock Market Flatlines

The stock market delivered a big, fat zero in the third quarter despite some huge financial and political earthquakes. The Dow Jones is set to end Q3 flat, with less than 100 points to show for three months of trading. The quarter from July to September kicked off with recession fears and ended with the […]

The post Dow Jones Delivers ZERO Quarterly Return as Stock Market Flatlines appeared first on CCN.com



source https://www.ccn.com/dow-jones-zero-q3-2019-return/

READ MORE http://bit.ly/2n7HRWE

from Cryptocurrency News https://ift.tt/2nYxjcg
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Tron Investors Need to Worry About Binance’s TRX Death-Grip

Binance appears to be using its TRX stockpile to vote for itself as a TRON Super Representative and then scoop up the majority of the TRON block rewards. The TRONSCAN website reveals the No.1 TRON Super Representative (SR) to be Binance’s recently launched staking address. After launching mere days ago, the Binance address has already […]

The post Tron Investors Need to Worry About Binance’s TRX Death-Grip appeared first on CCN.com



source https://www.ccn.com/tron-investors-worry-about-binances-trx-death-grip/

READ MORE http://bit.ly/2nUleVE

from Cryptocurrency News https://ift.tt/2nUphkP
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Saudi Crown Prince Warns Iran War Means ‘Total’ Global Economy Apocalypse

Saudi’s crown prince warned that war with Iran would lead to a sweeping shattering the world’s economy. In a rare televised interview on 60 minutes aired over the weekend, Prince Mohammed bin Salman addressed key issues such as the death of Jamal Khashoggi, the recent Iranian attack on a Saudi Aramco oil plant, and the […]

The post Saudi Crown Prince Warns Iran War Means ‘Total’ Global Economy Apocalypse appeared first on CCN.com



source https://www.ccn.com/saudi-crown-prince-iran-war-global-economy-collapse/

READ MORE http://bit.ly/2mkiGQe

from Cryptocurrency News https://ift.tt/2oGuOMn
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Mining Bitcoin Has Never Been Easier with MINETA’s Cloud Mining Service

MINETA Bitcoin Cloud Mining facilitates an easy and affordable way of mining your own Bitcoin without having to invest exorbitant amounts into mining hardware. MINETA’s Cloud Mining Service MINETA is an established name in the cloud mining industry. The company is also backed by leading Bitcoin mining hardware manufacturer Bitmain Technology Ltd., with decades of […]

The post Mining Bitcoin Has Never Been Easier with MINETA’s Cloud Mining Service appeared first on CCN.com



source https://www.ccn.com/mining-bitcoin-has-never-been-easier-with-minetas-cloud-mining-service/

READ MORE http://bit.ly/2n9LZ8r

from Cryptocurrency News https://ift.tt/2mmYsFF
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

U.S. Stocks Dial Strong Open as Hope Swells for Fed Rate Cut

U.S. stocks are set for a strong opening based on pre-market data as the Federal Reserve turns dovish, increasing chances of additional cuts on the interest rate, alleviating pressure from the stock market. Speaking to CNBC, Charles Evans, president of the Federal Reserve Bank of Chicago, said that he remains open towards more interest rate […]

The post U.S. Stocks Dial Strong Open as Hope Swells for Fed Rate Cut appeared first on CCN.com



source https://www.ccn.com/u-s-stocks-spike-fed-rate-interest/

READ MORE http://bit.ly/2nUa6Ix

from Cryptocurrency News https://ift.tt/2ml3pid
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Dow Futures Rise as Trump Targets Treasonous Democrats

Dow Jones Industrial Average (DJIA) futures ticked higher on Monday as Trump doubled down on the impeachment fight. In a series of late-night tweets on Sunday, he leveled accusations of treason at Adam Schiff – the Democrat leading the impeachment enquiry. The aggressive response will strengthen the resolve of the Republican party and rally Trump’s […]

The post Dow Futures Rise as Trump Targets Treasonous Democrats appeared first on CCN.com



source https://www.ccn.com/dow-futures-rise-trump-targets-democrats/

READ MORE http://bit.ly/2mjScOL

from Cryptocurrency News https://ift.tt/2oAtFFT
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Mark Cuban’s Bizarre Bitcoin Rant Includes Baseball Cards and Bananas

Tech billionaire and Shark Tank personality Mark Cuban launched a savage takedown of bitcoin in a Wired video this weekend. He reeled off a list of well-trodden criticisms of the cryptocurrency, comparing it to baseball cards and slamming its ‘lack of intrinsic value.’ In a truly bizarre statement, he said he’d rather own bananas than […]

The post Mark Cuban’s Bizarre Bitcoin Rant Includes Baseball Cards and Bananas appeared first on CCN.com



source https://www.ccn.com/mark-cuban-bitcoin-rant-bananas/

READ MORE http://bit.ly/2mjYxtJ

from Cryptocurrency News https://ift.tt/2n4cKLC
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Mammoth $300 Million Crypto Exchange Bithumb Deal Is Going Bust

Nearly one year after it was announced that South Korea’s largest cryptocurrency exchange, Bithumb, would be sold to BK Global Consortium for 400 billion won ($333 million), the deal appears to be going nowhere. The acquisition, which would see BK Global Consortium purchase a 50 percent stake and one share, was originally announced by Bithumb […]

The post Mammoth $300 Million Crypto Exchange Bithumb Deal Is Going Bust appeared first on CCN.com



source https://www.ccn.com/300-million-bithumb-bust-deal/

READ MORE http://bit.ly/2mdWmHU

from Cryptocurrency News https://ift.tt/2nRd0hb
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Newsflash: Bitcoin Price Plunges to $7,700 Again on a Bloody Monday Spiral

The bitcoin price (BTC) has dropped by more than 25 percent in the past two weeks as the cryptocurrency market struggled to see a relief rally. When the bitcoin price initially dropped to $7,700 on September 27, it rebounded fairly quickly with strength, surging to $8,400 in merely 48 hours. However, as BTC failed to […]

The post Newsflash: Bitcoin Price Plunges to $7,700 Again on a Bloody Monday Spiral appeared first on CCN.com



source https://www.ccn.com/bitcoin-price-7700-bloody-monday/

READ MORE http://bit.ly/2n6iLax

from Cryptocurrency News https://ift.tt/2nNbGM9
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

How Low Could Bitcoin Price Fall in This Pullback? Analysts Say $6,300

The bitcoin price (BTC) has dropped from $10,050 to $8,000 in the past week by nearly $2,000 against the US dollar, leading traders to anticipate a larger pullback to lower support levels. According to traders and technical analysts like Josh Rager, the bitcoin price could drop to as low as $6,300 in the short term […]

The post How Low Could Bitcoin Price Fall in This Pullback? Analysts Say $6,300 appeared first on CCN.com



source https://www.ccn.com/bitcoin-price-dip-traders-6300/

READ MORE http://bit.ly/2n84ABZ

from Cryptocurrency News https://ift.tt/2oBuuyo
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

BeatzCoin IEO’s 1st Round Goes Live on ProBit Exchange Launchpad Amid Surging Interest in Korean & Asian Markets

BeatzCoin IEO is launching on September 30 on ProBit.com, and the first round rewards users with 35% bonus on all purchases. BeatzCoin’s Initial Exchange Offering (IEO) is going live on ProBit.com Launchpad on September 30. Following months of anticipation and final stages of development, the BeatzCoin (BTZC) IEO that will power the VibraVid music and […]

The post BeatzCoin IEO’s 1st Round Goes Live on ProBit Exchange Launchpad Amid Surging Interest in Korean & Asian Markets appeared first on CCN.com



source https://www.ccn.com/beatzcoin-ieos-1st-round-goes-live-on-probit-exchange-launchpad-amid-surging-interest-in-korean-asian-markets/

READ MORE http://bit.ly/2mi4ozH

from Cryptocurrency News https://ift.tt/2n4cP1S
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Dow Futures Rally as Treasury Yield Spread Approaches Dangerous Level

Futures on the Dow Jones Industrial Average (DJIA) rose in overnight trading Monday, as China trade optimism caused investors to look beyond a breakdown in U.S. Treasury yields. Dow Futures Rally; S&P 500, Nasdaq Follow The three main U.S. futures contracts reported gains Monday, with the Dow Jones Industrial Average climbing 98 points, or 0.4.%, to […]

The post Dow Futures Rally as Treasury Yield Spread Approaches Dangerous Level appeared first on CCN.com



source https://www.ccn.com/dow-futures-treasury-yield-spread/

READ MORE http://bit.ly/2oDeD2t

from Cryptocurrency News https://ift.tt/2nRcZtD
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Melvin Gordon Surrender Emboldens Jaguars in Jalen Ramsey Tussle

Fans of the Los Angeles Chargers are not the only people that have been watching the standoff between the team and their star running back, Melvin Gordon. They are certainly not the only ones that were happy to see the impasse come to an end, either. Chargers fans are probably not even the people happiest […]

The post Melvin Gordon Surrender Emboldens Jaguars in Jalen Ramsey Tussle appeared first on CCN.com



source https://www.ccn.com/melvin-gordon-surrender-emboldens-jaguars-in-jalen-ramsey-tussle/

READ MORE http://bit.ly/2mUGQRS

from Cryptocurrency News https://ift.tt/2mlJuQc
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Dow Futures Zip Higher After Trump Official Refutes Bloomberg Report

Dow Jones Industrial Average futures zipped higher on Sunday evening after a Treasury official refuted a report that the Trump administration was mulling a new policy that would block Chinese companies from trading on US stock exchanges. Dow Futures Point to Bullish End to September Roughly 35 minutes after the futures markets had opened on […]

The post Dow Futures Zip Higher After Trump Official Refutes Bloomberg Report appeared first on CCN.com



source https://www.ccn.com/dow-futures-zip-higher-after-trump-official-refutes-bloomberg-report/

READ MORE http://bit.ly/2nRpPb8

from Cryptocurrency News https://ift.tt/2n7iYu2
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Antonio Brown’s Patriots Disaster Wins Him a Weird NFL Record

Antonio Brown is the gift that keeps on giving. The former New England Patriots wide receiver may no longer be delighting fans and fantasy football owners with his exploits on the football field. But he has become a never-ending supply of social media fodder and headlines – which some may find more entertaining than anything […]

The post Antonio Brown’s Patriots Disaster Wins Him a Weird NFL Record appeared first on CCN.com



source https://www.ccn.com/antonio-browns-patriots-disaster-wins-him-a-weird-nfl-record/

READ MORE http://bit.ly/2nVBwgQ

from Cryptocurrency News https://ift.tt/2mUHezO
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

How to Save Formula 1 from Lewis Hamilton’s Reign of Boredom

It was another excellent day for the Mercedes Formula 1 team as Lewis Hamilton and Valteri Bottas scored a one-two finish in Russia. The finish was redemption for the Mercedes team that has struggled after the summer break. However, it was another yawn-inducing piece of “entertainment” for F1 fans. Lewis Hamilton Scores Win #9 Today’s […]

The post How to Save Formula 1 from Lewis Hamilton’s Reign of Boredom appeared first on CCN.com



source https://www.ccn.com/how-to-save-formula-1-from-lewis-hamiltons-reign-of-boredom/

READ MORE http://bit.ly/2oBtYQY

from Cryptocurrency News https://ift.tt/2nUqUik
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Sunday, September 29, 2019

IRS Releases ‘Tax Cheat’ Info Raising Concerns About Crypto Theft

IRS Releases 'Tax Cheat' Info Raising Concerns About Crypto Theft

The U.S. Internal Revenue Service (IRS) released a new report and infographic on Thursday illustrating unpaid or underpaid taxes for the years 2011 – 2013. The numbers reflect estimates based on the last such findings, for the years 2008 – 2010. With commissioner Chuck Rettig citing the importance of voluntary compliance, and crypto’s popularity on the rise, the IRS is growing increasingly concerned with opportunities for tax evasion afforded by the new digital money.

Also Read: Bitcoin Is a Viable Way to Remove the State From Your Life

Voluntary Compliance

The new report and colorful, accompanying infographic don’t show anything out of range from the agency’s estimates last go-round, which found that 83.8% of taxes were paid “voluntarily and on time” for the years 2008 – 2010. The new data shows an 83.6% rate, which is basically unchanged, but also doesn’t show any marked improvement, either. The gross tax gap for the current data has $441 billion in taxes unpaid and/or underreported, with an expected net gap of $381 billion to remain after predicted payments and enforcement results come in. IRS commissioner Chuck Rettig stated:

Voluntary compliance is the bedrock of our tax system, and it’s important it is holding steady.

Those who are familiar with the IRS’s collection methods may question the idea of “voluntary compliance,” with some Americans even viewing the entire scheme as immoral. That notwithstanding, the agency wants its money, and is increasingly concerned with a free radical called crypto that has since entered the scene, facilitating non-compliance.

IRS Releases 'Tax Cheat' Info Raising Concerns About Crypto Theft
Source: http://bit.ly/2nJyYT8

Thanks to Bitcoin, tax gap data for the next few years will be interesting to see. The years 2011 – 2013 represent a slice of time when crypto was still basically a cultural obscurity. That obviously no longer is the case, and growing IRS concern with tax evasion via crypto is all too palpable in the current climate.

Decentralized, permissionless digital assets afford knowledgeable users the ability to barter, trade and transact in relative anonymity. Given the masses of taxpayers required to keep the current U.S. Keynesian debt-liner afloat, and not come crashing into the iceberg of economic reality, the understaffed and underfunded agency is forced to resort to what some see as fear-mongering in place of logical, well-organized policy. Supporting this thesis is Rettig’s almost desperate proclamation that:

Maintaining the highest possible voluntary compliance rate also helps ensure that taxpayers believe our system is fair.

Hopefully it is more than belief upholding an expected $3.4 trillion-yielding federal tax collection drive for 2019, much of which will be spent on policies and actions large slices of the populace view as objectionable, inefficient, or immoral.

IRS Releases 'Tax Cheat' Info Raising Concerns About Crypto Theft
An IRS Criminal Investigation Division agent practices encouraging voluntary compliance.

The Global Crypto Threat

The IRS’s concern with tax evasion via crypto doesn’t end at the U.S. border. The recently formed J5 (Joint Chiefs of Global Tax Enforcement) is a coalition of enforcement agencies around the world comprised of the IRS’s criminal investigation division (IRS-CID), the “Australian Criminal Intelligence Commission (ACIC) and Australian Taxation Office (ATO), the Canada Revenue Agency (CRA), the Fiscale Inlichtingen- en Opsporingsdienst (FIOD), HM Revenue & Customs (HMRC).” The goal of the coalition is “combatting transnational tax crime through increased enforcement collaboration.” The J5 declares:

We will work together to gather information, share intelligence, conduct operations and build the capacity of tax crime enforcement officials.

Regarding tax evasion and money laundering via cryptocurrencies, the group maintains “We will also collaborate internationally to reduce the growing threat to tax administrations posed by cryptocurrencies and cybercrime and to make the most of data and technology.”

In light of the not-so-subtle language coming from the IRS and related agencies, many crypto traders are turning to groups and services aimed at making the murky waters of crypto tax reporting more navigable. These services include actual CPAs as well as DIY software, some of which is guided by professional advice. Whatever one’s path, the age of crypto has arrived, and the next “hard fork” may be between those who wish to leverage the full capabilities of crypto as permissionless digital asset, and those whom the IRS succeeds in pressuring to voluntarily comply, completely. The next tax gap report will likely tell the tale.

What are your thoughts on the new IRS data? Let us know in the comments section below.


Image credits: Shutterstock, fair use.


Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The Local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here.

The post IRS Releases ‘Tax Cheat’ Info Raising Concerns About Crypto Theft appeared first on Bitcoin News.



READ MORE http://bit.ly/2mgMYDA

from Cryptocurrency News https://ift.tt/2ovTXt3
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Top Penny Stocks To Watch This Week

Stocks! Stocks! Updated Daily! What to Invest? Check back here daily! Invest Now! Invest Early! Stocks Stocks Stocks!

Top Penny Stocks To Watch This Week

Investing in penny stockscan be risky. However, the bigger the risk the higher the reward, as they say. The goal is to buy penny stocks at the lowest price possible as to make a profit and sell as it goes up in value. Penny stocks are usually priced at $5 or less. So if you purchase a lot of said stock at a low price, it could go up in value. As a result, if you sell it you could potentially make…

View On WordPress



from Stock Market Digest https://ift.tt/2m9i5Rj
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Bitcoin Is a Viable Way to Remove the State From Your Life

Bitcoin Is a Viable Plan to Remove the State from Your Life

The last decade has seen central banks print trillions of dollars, governments grown much larger, wars continue with no end, and ordinary citizens taxed even more. Thankfully there are individuals and small pockets of people all around the world who believe something is wrong. Many of these people have a plan to help end the illegitimacy of the nation states. Whether it be through protests, unschooling, and spreading stateless education, there are various methods available in this day and age. Bitcoin and the cryptoconomy are also great forms of protest, providing an experiment of voluntarily trade in an untaxed, unregulated economy.

Also read: Software Engineer Reveals Oracle Creation Platform for Bitcoin Cash

Satoshi’s Invention Unleashed an Alternative to the Rigged Financial System

Despite the negativity surroundings stemming from the failures of governments worldwide, some people have a strategy to fight back. As the years have progressed, bureaucrats have continued to plunder the everyday lives of billions of people worldwide. They wage wars, devalue currencies and cause inflation. The state and colluding corporations pollute and perpetuate violence on a regular basis. Even though things look bleak, there are people fostering a slow evolution toward a free society. Various methods and tools can be used to build a comprehensible plan that removes the state from every individual’s life. One of the tools that’s being used to achieve more liberty is Satoshi’s bitcoin and the wide variety of other digital currencies born afterward. Using a digital currency can remove the state from economic equations and bypass intrusive bureaucracies.

Governments get most of their power from the financial system and they have rigged the structure so as to drain the world’s wealth to a small corrupt group of individuals. To a lot of people, using a digital currency to circumvent the rigged system is morally valid in the face of the nation state’s deceit and fraud. At any point in time, individuals can use a cryptocurrency like bitcoin cash to remove themselves from the manipulated economy that funds evil.

Bitcoin Is a Viable Way to Remove the State From Your Life

When Satoshi unleashed the network in January 2009, the creator gave people an alternative to the state’s tender and the ability to remove ourselves from the global banking system. Cryptocurrencies have been around for over 10 years now and they have provided individuals and organizations with the ability to pull value away from the corrupt monetary system the world’s bureaucrats have created. Alternative monetary systems can make the nation state’s filthy fiat irrelevant.

Bitcoin Is a Viable Way to Remove the State From Your Life

Anarchy, Agora, Action: Building a Strong Counter Economy

Despite the fact that a lot of digital assets are tied to public ledgers, there are still ways to transact anonymously. People can barter or work for cryptocurrencies and obtain them in a private fashion. They can pay cash for digital currencies as well by skipping over the banking rails entirely. Certain cryptocurrencies like bitcoin cash (BCH) can be mixed with shuffling platforms like Cashshuffle. There are coins have high sets of anonymity and blockchains that render transaction analysis null and void. People can still use Tor, virtual private networks (VPNs) and trade printed paper bearer bonds as well.

Bitcoin Is a Viable Way to Remove the State From Your Life
Using bitcoin or cryptocurrency solutions to bypass the state is a form of agorism. The philosophy of agorism is based on the principles of counter economics and free markets. State monopolies are challenged because there is no restriction on the voluntary exchange of goods and services in the counter economy.

With some determination and good operations security (opsec), anyone can transact with cryptocurrencies in a private manner. Over time, individuals can create a better financial system that’s both anti-establishment but which also develops a priori axiomatic tenets toward a strong counter economy. All it takes to join this sub-economy is some effort and a passionate drive toward freedom. In April 2014, Bitcoin Not Bombs founder Davi Barker explained in a Daily Anarchist blog post that the counter economy is the most efficient tactic against the state, writing:

The key to putting both feet in the counter economy is taking the initiative, soliciting feedback, and making a profit. Agorism provides the most sustainable activist strategies because it’s rooted in the market, not in the political system.

It may take a while for the counter economy to defeat the state but it’s wielding more strength every day. Satoshi’s invention has, at the very least, shown the world that there are alternatives to this manipulated monetary system. There are lots of people who believe Nakamoto was a libertarian who gave the world a new tool to fight against the status quo.

“We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years,” Satoshi said in November 2008. “Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.” Bitcoin’s inventor outlined a permissionless roadmap for peer-to-peer electronic cash that attracted people who rejected the traditional financial incumbents.

Bitcoin Is a Viable Way to Remove the State From Your Life
An interview I did with Cody Wilson in 2015.

Cryptocurrencies derive their value and power from voluntary consumers while the state takes its power from stealing from nonviolent consumers they call citizens. Without continued support from consumers, the state and its monetary system will eventually fall apart. All people have to do is convince enough individuals to support the counter economy.

Do you want to learn more about the counter economy? Check out these links below.

What do you think about bitcoin and digital currencies being used as a tool to circumvent the state? What do you think about the relationship between cryptocurrencies and agorism? Let us know what you think about this subject in the comments section below.

Op-ed Disclaimer: This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Readers should do their own due diligence before taking any actions related to the content. 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 information in this Op-ed article.


Image credits: Shutterstock, Bitcoin Not Bombs, Davi Barker, Jamie Redman, Wiki Commons, and Pixabay.


Did you know Bitcoin.com offers a peer-to-peer trading platform that allows for private, noncustodial over-the-counter trading? Check out Local.Bitcoin.com today. Alternatively, you can head over to our Purchase Bitcoin page where you can easily buy BTC and BCH with a credit card. Or register for our online trading platform Exchange.Bitcoin.com. At Bitcoin.com we want everyone to get access to cryptocurrencies.

The post Bitcoin Is a Viable Way to Remove the State From Your Life appeared first on Bitcoin News.



READ MORE http://bit.ly/2ojQY6M

from Cryptocurrency News https://ift.tt/2mQOA7f
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

U.S. Denies China Company De-Listing. But The Writing is On The Wall

U.S. stocks declined sharply on Friday after The Wall Street Journal reported that President Trump was considering de-listing Chinese companies from domestic exchanges. In response to the widely-referenced report, the Treasury Department said that it was not considering de-listing Chinese stocks at this time. This will likely provide more support to U.S. markets when they […]

The post U.S. Denies China Company De-Listing. But The Writing is On The Wall appeared first on CCN.com



source https://www.ccn.com/us-denies-china-companies-delisting/

READ MORE http://bit.ly/2mR3DOg

from Cryptocurrency News https://ift.tt/2mamTWI
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH, but more options could be on the way once Luno determines that they are credible enough.

Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US

Luno Adds Bitcoin Cash Trading

Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH.

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Marcus Swanepoel, CEO of Luno, said, “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and application of cryptocurrencies. Luno has been part of this change and has listened to, and always worked hard to understand the needs of these developing economies. It is for this reason we have moved to expand our offering of secure and legitimate digital currencies to individuals, enabling cross-functional accessibility and transfer of funds.”

Available in 40 Countries Around the World

The Luno team promised their clients that the offering will continue to expand after the addition of bitcoin cash, with new digital assets to trade on the platform. However, they also assured users that safety will continue to come first and explained that any new coins added to the platform will have been monitored by the company for several years, having the credibility to make it onto one of the world’s leading cryptocurrency exchanges.

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Marius Reitz, General Manager Africa for Luno, commented, “There are over 2,000 cryptocurrencies in the market and we take our role as a trusted platform very seriously. We are therefore very cautious about new coins. We only add new coins once we are confident of their security, credibility, and market traction.”

The company claims to have around 3 million users worldwide, spread across 40 countries. Luno also has local offices in South Africa, Indonesia, Nigeria, Singapore and Malaysia, with a workforce of over 300 employees around the world.

If the platform you are using does not support bitcoin cash, besides convincing the company to do so, you can purchase it directly at buy.Bitcoin.com, buy it from peer-to-peer traders at local.Bitcoin.com, or simply join exchange.Bitcoin.com.

What do you think about Luno adding bitcoin cash trading? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post International Crypto Exchange Luno Adds Bitcoin Cash Trading appeared first on Bitcoin News.



READ MORE http://bit.ly/2oosFon

from Cryptocurrency News https://ift.tt/2opJDCT
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Joker Controversy Could Damage Creative Decisions

With “Joker” set to release in cinemas on Oct. 4, the run up to its debut has had a lot of controversy. The recent report about LAPD heightening their security ahead of the film showcases an issue with the current conversation surrounding violence. The film is largely being used to discuss the rise in violence […]

The post Joker Controversy Could Damage Creative Decisions appeared first on CCN.com



source https://www.ccn.com/joker-controversy-could-damage-creative-decisions/

READ MORE http://bit.ly/2mOBYgM

from Cryptocurrency News https://ift.tt/2nJtffT
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

‘Binance Will Be Shut Down in 12 Months’ Warns Bitcoin SV’s Calvin Ayre

While head of Binance CZ (Changpeng Zhao) celebrated the recent launch of his exchange’s new staking features, the head of CoinGeek, Calvin Ayre, was less optimistic. Ayre: Binance Is Illegal, Will Be Shut Down in 12 Months Speaking to CCN, Bitcoin SV (BSV) supporter and financier Calvin Ayre said introducing the rewards system for Proof-of-Stake […]

The post ‘Binance Will Be Shut Down in 12 Months’ Warns Bitcoin SV’s Calvin Ayre appeared first on CCN.com



source https://www.ccn.com/binance-will-be-shut-down-in-12-calvin-ayre/

READ MORE http://bit.ly/2mQgAYG

from Cryptocurrency News https://ift.tt/2omab82
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

Bankers Start to Recognize Bitcoin’s Role in Financial Evolution

Bankers Start to Recognize Bitcoin’s Role in Financial Evolution

Digitization, disruption, blockchain, and frictionless payments. It’s amazing how prominent figures from the financial elite can provide a pretty detailed description of decentralized money without uttering “bitcoin” or “crypto.” But the fact of the matter is that clever businessmen in any industry, banking is no exception, would quickly spot emerging competition, analyze its strengths, and move to catch up with it before it’s too late. Cryptocurrencies bring financial evolution that’s hard to ignore anymore.

Also read: The Number of Cryptocurrency Wallets Is Growing Exponentially

Central Banks Have No Tools Left to Deal With Crisis

Speaking during the Sibos 2019 conference held recently in one of the world’s financial capitals, London, Deutsche Bank CEO Christian Sewing turned attention towards the problems of the global economy, the serious challenges his and other banks are facing, and emphasized the need to adapt to a rapidly changing environment. Sewing was appointed head of Germany’s leading financial institution in April 2018 with the task to conduct a major reorganization.

Bankers Start to Recognize Bitcoin’s Role in Financial Evolution
Christian Sewing

This summer, Deutsche Bank confirmed it’s laying off a fifth of its global workforce and refocusing on corporate banking, its most stable revenue source, to prepare for the downturn many analysts claim has already started. In his address to the delegates, the executive spent a lot of time describing the threats, including an ongoing war over trade and technology between the U.S. and China, as well as Europe’s legging behind in terms of investing in technological progress and maintaining competitiveness:

Europe should not focus primarily on regulating new technology, Europe should drive innovation itself… The competition for technological supremacy will determine the future division of global economic power… The financial sector must also make its contribution.

Global macroeconomic risks, low and negative interest rates, and a fragmenting European Union in the light of Brexit come together to form a perfect storm. On this backdrop, Christian Sewing also tried to raise awareness about the inability of financial authorities to cope with an upcoming meltdown:

In this scenario, with plenty of uncertainty, what is worrying is that the central banks have used their tools to a large extent already. So there are no conventional measures left to effectively cushion the real economic crisis. They’ve already turned on the money tap to the limit.

Negative Interest Rates Come With Social Implications

Singling out the European Central Bank in that respect, Sewing reminded the audience that the ECB has just announced an even looser monetary policy, cutting the interest rate in the Eurozone to a record low of -0.5%. He also emphasized that very few among economists and his clients now believe that cheaper money would have any effect. “While we probably won’t see the positive effects, there are lots of negative ones, like the distortion of asset prices, the continued redistribution of wealth in favor of the asset owning affluent, and the social implications these things aggregate,” the banker warned.

Bankers Start to Recognize Bitcoin’s Role in Financial Evolution

Christian Sewing then spoke about how banks should respond to the changing business environment and the competition they are starting to feel from tech giants and non-bank payment providers, fintech companies and disruptive technologies in general. At the same time, he noted, clients’ requirements are becoming ever more sophisticated and demanding.

When it comes to transaction banking, frictionless and reliable real-time payments are influencing consumer choices at the end of the day, he remarked. Whether through standalone investments or via partnerships with startups, banks which are able to deliver these solutions will enjoy compelling opportunities, the Deutsche Bank executive concluded.

Cryptos Bring Unprecedented Change to Payments

And while Bitcoin did not get a deserved mention in Sewing’s speech, it became obvious that decentralized cryptocurrency has been recognized as one of the driving forces behind many of these developments and advances. Actually, digital-era, independently-minted coins did make their way to the stage during the Sibos conference. And they did so in a quite unexpected way.

“The financial industry is undergoing an extraordinary change, because of new entrants like Facebook’s Libra and the emergence of technologies like crypto assets,” said Yawar Shah, chairman of Swift, the global interbank financial telecommunication system used by banks around the world to send and receive information about financial transactions. His comment quickly spread across the crypto Twitter.

Shah’s presentation concerned payments and recognized four factors that influence their development. Three of them – the aforementioned emergence of crypto assets, changing technology, and competition from ecosystems are in one way or another related to the phenomenon catalyzed by Bitcoin. That includes other attempts to develop faster and more reliable digital payments than those offered by the traditional fiat world.

If you are looking for a safe and secure way to enter the crypto space, you can acquire your first digital coins at buy.Bitcoin.com, including bitcoin cash (BCH) among major cryptocurrencies. You can also freely trade your crypto assets on our noncustodial, peer-to-peer marketplace local.Bitcoin.com, which already has thousands of users around the world. Also, try our recently launched premier trading platform, exchange.Bitcoin.com. Registered users can access it right now.

Do you expect leading traditional banks to get involved in the crypto market soon? Share your thoughts on the subject in the comments section below.


Images courtesy of Shutterstock, Deutsche Bank.


Do you need a reliable bitcoin mobile wallet to send, receive, and store your coins? Download one for free from us and then head to our Purchase Bitcoin page where you can quickly buy bitcoin with a credit card.

The post Bankers Start to Recognize Bitcoin’s Role in Financial Evolution appeared first on Bitcoin News.



READ MORE http://bit.ly/2lZQSQW

from Cryptocurrency News https://ift.tt/2ogiX7m
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!

New Highs for This Gold Stock This Gold Stock Continues To Make...

Stocks! Stocks! Updated Daily! What to Invest? Check back here daily! Invest Now! Invest Early! Stocks Stocks Stocks! New Highs for This G...