Zug Blockchain Exchange Trade.io to Launch New TIO Markets

What it’s like in Zug, Switzerland’s ‘Crypto Valley’ #ethereum #eth #ico trade bitcoins https://t.co/PkbD3RQhkq - Crypto Insider Info - Whales's

Posted at: July 1, 2018 at 02:41PM
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What it’s like in Zug, Switzerland’s ‘Crypto Valley’ #ethereum #eth #ico trade bitcoins https://t.co/PkbD3RQhkq
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Government-Owned Swiss Bank Will Offer Crypto Trading And Custody Services

Government-Owned Swiss Bank Will Offer Crypto Trading And Custody Services

Swiss Banking May Drastically Change As The State-Run Bank Considers Launching Crypto-Related Products To Meet The Increasing Demand
The eight-largest Swiss commercial bank, Basler Kantonalbank (BKB) revealed its plans to add support for crypto trading and custody as of 2021. Founded in 1899, Basler Kantonalbank, also called Basel Cantonal Bank, offers retail, corporate and private banking services. It has total assets of approximately $49 billion. This is the first time a government-owned bank is stepping into the cryptocurrency domain. The news means users will have the chance to trade and hold cryptocurrencies using the services, provided by the BKB bank. The new system will grant access to the trading and custody functionalities for all BKB users.
BKB will add the custody and trading support through its Bank Cler subsidiary. Interestingly, Bank Cler is the first local bank in Switzerland to offer such support. Until now, the crypto sector in Switzerland was in the hands of crypto banks Seba, Sygnum, Sygnum, Julius Baer, Falcon and Maerki Baumann.
Bank Cler’s owner, BKB, may also add crypto features later on. Natalie Waltmann, Bank Cler’s spokesperson, further explained that “Bank Cler is the digital competence center of our company, to which parent BKB also belongs. Cryptocurrencies are also an issue for us“.
BKB officials also commented on the news. However, there is still no information about the crypto assets which BKB and Bank Cler are going to support, as well as a definitive service rollout date.
“In the BKB Group, we are working to offer our clients a solution for the trading and deposit of selected cryptocurrencies. As an established regional (Basler Kantonalbank) and indeed national (Bank Cler) banking group, we wish to give our clients secure access to these new financial products.”, BKB officials added.
Bank Cler also announced that crypto expert Alain Kunz would fill up their team as Head of digital assets.
Switzerland, known to be one of the financial safe havens, became famous as one of the world’s “Crypto Valleys”, thanks to the crypto-friendly regulatory framework in the canton of Zug. The relationship between the crypto domain and traditional banking was enhanced in 2018 when Swiss SIX Exchange-listed Hypothekarbank Lenzburg managed to become the first bank to offer corporate accounts for blockchain crypto-related businesses. Shortly after Hypothekarbank Lenzburg, Maerki Baumann became the second Swiss bank to accept crypto assets.
Meanwhile, banking giants also made a profit from the crypto realm, as the top-5 Swiss bank - Julius Baer, published a report, stating that during the first half of 2020 the bank’s net profit increased with 34%. The net profit increase coincides with Julius Baer Group’s decision to offer custodial services for Bitcoin, which dates back from January 2020.
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Increasing Presence Of High Frequency Trading In Crypto

fintech #trading #algotrading #quantitative #quant

Increasing Presence Of High Frequency Trading In Crypto Bitcoin’s 30-day volatility has fallen to 27.6% over the past 30 days, according to data from blockchain analytics firm intoTheBlock. "The cryptocurrency markets continue to stay eerily calm as volatility drops and traders continue to expect a big move," wrote Zack Voell in yesterday's market report for Coindesk. The prolonged period of low volatility price consolidation in bitcoin that we’ve witnessed in recent months is a result of an increasing presence of HFT firms in crypto in recent months as Bitcoin demonstrates increasing maturity as an asset class, according to James Banister, CEO, Market Synergy, a Zug-based infrastructure provider.
“From Jump to DRW, a lot of them [HFT firms] are diving in headfirst because of a lack of opportunities in the traditional high frequency, low latency trading,” said Frank Chaparro, News Director at The Block in a recent episode of The Sccop with Tarun Chitru, founder and CEO of Gau.....
Continue reading at: https://mondovisione.com/media-and-resources/news/increasing-presence-of-high-frequency-trading-in-crypto/
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DFINITY Research Report

DFINITY Research Report
Author: Gamals Ahmed, CoinEx Business Ambassador
ABSTRACT
The DFINITY blockchain computer provides a secure, performant and flexible consensus mechanism. At its core, DFINITY contains a decentralized randomness beacon, which acts as a verifiable random function (VRF) that produces a stream of outputs over time. The novel technique behind the beacon relies on the existence of a unique-deterministic, non-interactive, DKG-friendly threshold signatures scheme. The only known examples of such a scheme are pairing-based and derived from BLS.
The DFINITY blockchain is layered on top of the DFINITY beacon and uses the beacon as its source of randomness for leader selection and leader ranking. A “weight” is attributed to a chain based on the ranks of the leaders who propose the blocks in the chain, and that weight is used to select between competing chains. The DFINITY blockchain is layered on top of the DFINITY beacon and uses the beacon as its source of randomness for leader selection and leader ranking blockchain is further hardened by a notarization process which dramatically improves the time to finality and eliminates the nothing-at-stake and selfish mining attacks.
DFINITY consensus algorithm is made to scale through continuous quorum selections driven by the random beacon. In practice, DFINITY achieves block times of a few seconds and transaction finality after only two confirmations. The system gracefully handles temporary losses of network synchrony including network splits, while it is provably secure under synchrony.

1.INTRODUCTION

DFINITY is building a new kind of public decentralized cloud computing resource. The company’s platform uses blockchain technology which is aimed at building a new kind of public decentralized cloud computing resource with unlimited capacity, performance and algorithmic governance shared by the world, with the capability to power autonomous self-updating software systems, enabling organizations to design and deploy custom-tailored cloud computing projects, thereby reducing enterprise IT system costs by 90%.
DFINITY aims to explore new territory and prove that the blockchain opportunity is far broader and deeper than anyone has hitherto realized, unlocking the opportunity with powerful new crypto.
Although a standalone project, DFINITY is not maximalist minded and is a great supporter of Ethereum.
The DFINITY blockchain computer provides a secure, performant and flexible consensus mechanism. At its core, DFINITY contains a decentralized randomness beacon, which acts as a verifiable random function (VRF) that produces a stream of outputs over time. The novel technique behind the beacon relies on the existence of a unique-deterministic, non-interactive, DKG-friendly threshold signatures scheme. The only known examples of such a scheme are pairing-based and derived from BLS.
DFINITY’s consensus mechanism has four layers: notary (provides fast finality guarantees to clients and external observers), blockchain (builds a blockchain from validated transactions via the Probabilistic Slot Protocol driven by the random beacon), random beacon (provides the source of randomness for all higher layers like smart contract applications), and identity (provides a registry of all clients).
DFINITY’s consensus mechanism has four layers

Figure1: DFINITY’s consensus mechanism layers
1. Identity layer:
Active participants in the DFINITY Network are called clients. Where clients are registered with permanent identities under a pseudonym. Moreover, DFINITY supports open membership by providing a protocol for registering new clients by depositing a stake with an insurance period. This is the responsibility of the first layer.
2. Random Beacon layer:
Provides the source of randomness (VRF) for all higher layers including ap- plications (smart contracts). The random beacon in the second layer is an unbiasable, verifiable random function (VRF) that is produced jointly by registered clients. Each random output of the VRF is unpredictable by anyone until just before it becomes avail- able to everyone. This is a key technology of the DFINITY system, which relies on a threshold signature scheme with the properties of uniqueness and non-interactivity.

https://preview.redd.it/hkcf53ic05e51.jpg?width=441&format=pjpg&auto=webp&s=44d45c9602ee630705ce92902b8a8379201d8111
3. Blockchain layer:
The third layer deploys the “probabilistic slot protocol” (PSP). This protocol ranks the clients for each height of the chain, in an order that is derived determin- istically from the unbiased output of the random beacon for that height. A weight is then assigned to block proposals based on the proposer’s rank such that blocks from clients at the top of the list receive a higher weight. Forks are resolved by giving favor to the “heaviest” chain in terms of accumulated block weight — quite sim- ilar to how traditional proof-of-work consensus is based on the highest accumulated amount of work.
The first advantage of the PSP protocol is that the ranking is available instantaneously, which allows for a predictable, constant block time. The second advantage is that there is always a single highest-ranked client, which allows for a homogenous network bandwidth utilization. Instead, a race between clients would favor a usage in bursts.
4. Notarization layer:
Provides fast finality guarantees to clients and external observers. DFINITY deploys the novel technique of block notarization in its fourth layer to speed up finality. A notarization is a threshold signature under a block created jointly by registered clients. Only notarized blocks can be included in a chain. Of all RSA-based alternatives exist but suffer from an impracticality of setting up the thresh- old keys without a trusted dealer.
DFINITY achieves its high speed and short block times exactly because notarization is not full consensus.
DFINITY does not suffer from selfish mining attack or a problem nothing at stake because the authentication step is impossible for the opponent to build and maintain a series of linked and trusted blocks in secret.
DFINITY’s consensus is designed to operate on a network of millions of clients. To en- able scalability to this extent, the random beacon and notarization protocols are designed such as that they can be safely and efficiently delegated to a committee

1.1 OVERVIEW ABOUT DFINITY

DFINITY is a blockchain-based cloud-computing project that aims to develop an open, public network, referred to as the “internet computer,” to host the next generation of software and data. and it is a decentralized and non-proprietary network to run the next generation of mega-applications. It dubbed this public network “Cloud 3.0”.
DFINITY is a third generation virtual blockchain network that sets out to function as an “intelligent decentralised cloud,”¹ strongly focused on delivering a viable corporate cloud solution. The DFINITY project is overseen, supported and promoted by DFINITY Stiftung a not-for-profit foundation based in Zug, Switzerland.
DFINITY is a decentralized network design whose protocols generate a reliable “virtual blockchain computer” running on top of a peer-to-peer network upon which software can be installed and can operate in the tamperproof mode of smart contracts.
DFINITY introduces algorithmic governance in the form of a “Blockchain Nervous System” that can protect users from attacks and help restart broken systems, dynamically optimize network security and efficiency, upgrade the protocol and mitigate misuse of the platform, for example by those wishing to run illegal or immoral systems.
DFINITY is an Ethereum-compatible smart contract platform that is implementing some revolutionary ideas to address blockchain performance, scaling, and governance. Whereas
DFINITY could pose a credible threat to Ethereum’s extinction, the project is pursuing a coevolutionary strategy by contributing funding and effort to Ethereum projects and freely offering their technology to Ethereum for adoption. DFINITY has labeled itself Ethereum’s “crazy sister” to express it’s close genetic resemblance to Ethereum, differentiated by its obsession with performance and neuron-inspired governance model.
Dfinity raised $61 million from Andreesen Horowitz and Polychain Capital in a February 2018 funding round. At the time, Dfinity said it wanted to create an “internet computer” to cut the costs of running cloud-based business applications. A further $102 million funding round in August 2018 brought the project’s total funding to $195 million.
In May 2018, Dfinity announced plans to distribute around $35 million worth of Dfinity tokens in an airdrop. It was part of the company’s plan to create a “Cloud 3.0.” Because of regulatory concerns, none of the tokens went to US residents.
DFINITY be broadening and strengthening the EVM ecosystem by giving applications a choice of platforms with different characteristics. However, if DFINITY succeeds in delivering a fully EVM-compatible smart contract platform with higher transaction throughput, faster confirmation times, and governance mechanisms that can resolve public disputes without causing community splits, then it will represent a clearly superior choice for deploying new applications and, as its network effects grow, an attractive place to bring existing ones. Of course the challenge for DFINITY will be to deliver on these promises while meeting the security demands of a public chain with significant value at risk.

1.1.1 DFINITY FUTURE

  • DFINITY aims to explore new blockchain territory related to the original goals of the Ethereum project and is sometimes considered “Ethereum’s crazy sister.”
  • DFINITY is developing blockchain-based infrastructure to support a new style of the internet (akin to Ethereum’s “World Computer”), one in which the internet itself will support software applications and data rather than various cloud hosting providers.
  • The project suggests this reinvented software platform can simplify the development of new software systems, reduce the human capital needed to maintain and secure data, and preserve user data privacy.
  • Dfinity aims to reduce the costs of cloud services by creating a decentralized “internet computer” which may launch in 2020
  • Dfinity claims transactions on its network are finalized in 3–5 seconds, compared to 1 hour for Bitcoin and 10 minutes for Ethereum.

1.1.2 DFINITY’S VISION

DFINITY’s vision is its new internet infrastructure can support a wide variety of end-user and enterprise applications. Social media, messaging, search, storage, and peer-to-peer Internet interactions are all examples of functionalities that DFINITY plans to host atop its public Web 3.0 cloud-like computing resource. In order to provide the transaction and data capacity necessary to support this ambitious vision, DFINITY features a unique consensus model (dubbed Threshold Relay) and algorithmic governance via its Blockchain Nervous System (BNS) — sometimes also referred to as the Network Nervous System or NNS.

1.2 DFINITY COMMUNITY

The DFINITY community brings people and organizations together to learn and collaborate on products that help steward the next-generation of internet software and services. The Internet Computer allows developers to take on the monopolization of the internet, and return the internet back to its free and open roots. We’re committed to connecting those who believe the same through our events, content, and discussions.

https://preview.redd.it/0zv64fzf05e51.png?width=637&format=png&auto=webp&s=e2b17365fae3c679a32431062d8e3c00a57673cf

1.3 DFINITY ROADMAP (TIMELINE) February 15, 2017

February 15, 2017
Ethereum based community seed round raises 4M Swiss francs (CHF)
The DFINITY Stiftung, a not-for-profit foundation entity based in Zug, Switzerland, raised the round. The foundation held $10M of assets as of April 2017.
February 8, 2018
Dfinity announces a $61M fundraising round led by Polychain Capital and Andreessen Horowitz
The round $61M round led by Polychain Capital and Andreessen Horowitz, along with an DFINITY Ecosystem Venture Fund which will be used to support projects developing on the DFINITY platform, and an Ethereum based raise in 2017 brings the total funding for the project over $100 million. This is the first cryptocurrency token that Andressen Horowitz has invested in, led by Chris Dixon.
August 2018
Dfinity raises a $102,000,000 venture round from Multicoin Capital, Village Global, Aspect Ventures, Andreessen Horowitz, Polychain Capital, Scalar Capital, Amino Capital and SV Angel.
January 23, 2020
Dfinity launches an open source platform aimed at the social networking giants

2.DFINITY TECHNOLOGY

Dfinity is building what it calls the internet computer, a decentralized technology spread across a network of independent data centers that allows software to run anywhere on the internet rather than in server farms that are increasingly controlled by large firms, such as Amazon Web Services or Google Cloud. This week Dfinity is releasing its software to third-party developers, who it hopes will start making the internet computer’s killer apps. It is planning a public release later this year.
At its core, the DFINITY consensus mechanism is a variation of the Proof of Stake (PoS) model, but offers an alternative to traditional Proof of Work (PoW) and delegated PoS (dPoS) networks. Threshold Relay intends to strike a balance between inefficiencies of decentralized PoW blockchains (generally characterized by slow block times) and the less robust game theory involved in vote delegation (as seen in dPoS blockchains). In DFINITY, a committee of “miners” is randomly selected to add a new block to the chain. An individual miner’s probability of being elected to the committee proposing and computing the next block (or blocks) is proportional to the number of dfinities the miner has staked on the network. Further, a “weight” is attributed to a DFINITY chain based on the ranks of the miners who propose blocks in the chain, and that weight is used to choose between competing chains (i.e. resolve chain forks).
A decentralized random beacon manages the random selection process of temporary block producers. This beacon is a Variable Random Function (VRF), which is a pseudo-random function that provides publicly verifiable proofs of its outputs’ correctness. A core component of the random beacon is the use of Boneh-Lynn-Shacham (BLS) signatures. By leveraging the BLS signature scheme, the DFINITY protocol ensures no actor in the network can determine the outcome of the next random assignment.
Dfinity is introducing a new standard, which it calls the internet computer protocol (ICP). These new rules let developers move software around the internet as well as data. All software needs computers to run on, but with ICP the computers could be anywhere. Instead of running on a dedicated server in Google Cloud, for example, the software would have no fixed physical address, moving between servers owned by independent data centers around the world. “Conceptually, it’s kind of running everywhere,” says Dfinity engineering manager Stanley Jones.
DFINITY also features a native programming language, called ActorScript (name may be subject to change), and a virtual machine for smart contract creation and execution. The new smart contract language is intended to simplify the management of application state for programmers via an orthogonal persistence environment (which means active programs are
not required to retrieve or save their state). All ActorScript contracts are eventually compiled down to WebAssembly instructions so the DFINITY virtual machine layer can execute the logic of applications running on the network. The advantage of using the WebAssembly standard is that all major browsers support it and a variety of programming languages can compile down to Wasm (not just ActorScript).
Dfinity is moving fast. Recently, Dfinity showed off a TikTok clone called CanCan. In January it demoed a LinkedIn-alike called LinkedUp. Neither app is being made public, but they make a convincing case that apps made for the internet computer can rival the real things.

2.1 DFINITY CORE APPLICATIONS

The DFINITY cloud has two core applications:
  1. Enabling the re-engineering of business: DFINITY ambitiously aims to facilitate the re-engineering of mass-market services (such as Web Search, Ridesharing Services, Messaging Services, Social Media, Supply Chain, etc) into open source businesses that leverage autonomous software and decentralised governance systems to operate and update themselves more efficiently.
  2. Enable the re-engineering of enterprise IT systems to reduce costs: DFINITY seeks to re-engineer enterprise IT systems to take advantage of the unique properties that blockchain computer networks provide.
At present, computation on blockchain-based computer networks is far more expensive than traditional, centralised solutions (Amazon Web Services, Microsoft Azure, Google Cloud Platform, etc). Despite increasing computational cost, DFINITY intends to lower net costs “by 90% or more” through reducing the human capital cost associated with sustaining and supporting these services.
Whilst conceptually similar to Ethereum, DFINITY employs original and new cryptography methods and protocols (crypto:3) at the network level, in concert with AI and network-fuelled systemic governance (Blockchain Nervous System — BNS) to facilitate Corporate adoption.
DFINITY recognises that different users value different properties and sees itself as more of a fully compatible extension of the Ethereum ecosystem rather than a competitor of the Ethereum network.
In the future, DFINITY hopes that much of their “new crypto might be used within the Ethereum network and are also working hard on shared technology components.”
As the DFINITY project develops over time, the DFINITY Stiftung foundation intends to steadily increase the BNS’ decision-making responsibilities over time, eventually resulting in the dissolution of its own involvement entirely, once the BNS is sufficiently sophisticated.
DFINITY consensus mechanism is a heavily optimized proof of stake (PoS) model. It places a strong emphasis on transaction finality through implementing a Threshold Relay technique in conjunction with the BLS signature scheme and a notarization method to address many of the problems associated with PoS consensus.

2.2 THRESHOLD RELAY

As a public cloud computing resource, DFINITY targets business applications by substantially reducing cloud computing costs for IT systems. They aim to achieve this with a highly scalable and powerful network with potentially unlimited capacity. The DFINITY platform is chalk full of innovative designs and features like their Blockchain Nervous System (BNS) for algorithmic governance.
One of the primary components of the platform is its novel Threshold Relay Consensus model from which randomness is produced, driving the other systems that the network depends on to operate effectively. The consensus system was first designed for a permissioned participation model but can be paired with any method of Sybil resistance for an open participation model.
“The Threshold Relay is the mechanism by which Dfinity randomly samples replicas into groups, sets the groups (committees) up for threshold operation, chooses the current committee, and relays from one committee to the next is called the threshold relay.”
Threshold Relay consists of four layers (As mentioned previously):
  1. Notary layer, which provides fast finality guarantees to clients and external observers and eliminates nothing-at-stake and selfish mining attacks, providing Sybil attack resistance.
  2. Blockchain layer that builds a blockchain from validated transactions via the Probabilistic Slot Protocol driven by the random beacon.
  3. Random beacon, which as previously covered, provides the source of randomness for all higher layers like the blockchain layer smart contract applications.
  4. Identity layer that provides a registry of all clients.

2.2.1 HOW DOES THRESHOLD RELAY WORK?

Threshold Relay produces an endogenous random beacon, and each new value defines random group(s) of clients that may independently try and form into a “threshold group”. The composition of each group is entirely random such that they can intersect and clients can be presented in multiple groups. In DFINITY, each group is comprised of 400 members. When a group is defined, the members attempt to set up a BLS threshold signature system using a distributed key generation protocol. If they are successful within some fixed number of blocks, they then register the public key (“identity”) created for their group on the global blockchain using a special transaction, such that it will become part of the set of active groups in a following “epoch”. The network begins at “genesis” with some number of predefined groups, one of which is nominated to create a signature on some default value. Such signatures are random values — if they were not then the group’s signatures on messages would be predictable and the threshold signature system insecure — and each random value produced thus is used to select a random successor group. This next group then signs the previous random value to produce a new random value and select another group, relaying between groups ad infinitum and producing a sequence of random values.
In a cryptographic threshold signature system a group can produce a signature on a message upon the cooperation of some minimum threshold of its members, which is set to 51% in the DFINITY network. To produce the threshold signature, group members sign the message
individually (here the preceding group’s threshold signature) creating individual “signature shares” that are then broadcast to other group members. The group threshold signature can be constructed upon combination of a sufficient threshold of signature shares. So for example, if the group size is 400, if the threshold is set at 201 any client that collects that many shares will be able to construct the group’s signature on the message. Other group members can validate each signature share, and any client using the group’s public key can validate the single group threshold signature produced by combining them. The magic of the BLS scheme is that it is “unique and deterministic” meaning that from whatever subset of group members the required number of signature shares are collected, the single threshold signature created is always the same and only a single correct value is possible.
Consequently, the sequence of random values produced is entirely deterministic and unmanipulable, and signatures generated by relaying between groups produces a Verifiable Random Function, or VRF. Although the sequence of random values is pre-determined given some set of participating groups, each new random value can only be produced upon the minimal agreement of a threshold of the current group. Conversely, in order for relaying to stall because a random number was not produced, the number of correct processes must be below the threshold. Thresholds are configured so that this is extremely unlikely. For example, if the group size is set to 400, and the threshold is 201, 200 or more of the processes must become faulty to prevent production. If there are 10,000 processes in the network, of which 3,000 are faulty, the probability this will occur is less than 10e-17.

2.3 DFINITY TOKEN

The DFINITY blockchain also supports a native token, called dfinities (DFN), which perform multiple roles within the network, including:
  1. Fuel for deploying and running smart contracts.
  2. Security deposits (i.e. staking) that enable participation in the BNS governance system.
  3. Security deposits that allow client software or private DFINITY cloud networks to connect to the public network.
Although dfinities will end up being assigned a value by the market, the DFINITY team does not intend for DFN to act as a currency. Instead, the project has envisioned PHI, a “next-generation” crypto-fiat scheme, to act as a stable medium of exchange within the DFINITY ecosystem.
Neuron operators can earn Dfinities by participating in network-wide votes, which could be concerning protocol upgrades, a new economic policy, etc. DFN rewards for participating in the governance system are proportional to the number of tokens staked inside a neuron.

2.4 SCALABILITY

DFINITY is constantly developing with a structure that separates consensus, validation, and storage into separate layers. The storage layer is divided into multiple strings, each of which is responsible for processing transactions that occur in the fragment state. The verification layer is responsible for combining hashes of all fragments in a Merkle-like structure that results in a global state fractionation that is stored in blocks in the top-level chain.

2.5 DFINITY CONSENSUS ALGORITHM

The single most important aspect of the user experience is certainly the time required before a transaction becomes final. This is not solved by a short block time alone — Dfinity’s team also had to reduce the number of confirmations required to a small constant. DFINITY moreover had to provide a provably secure proof-of-stake algorithm that scales to millions of active participants without compromising any bit on decentralization.
Dfinity soon realized that the key to scalability lay in having an unmanipulable source of randomness available. Hence they built a scalable decentralized random beacon, based on what they call the Threshold Relay technique, right into the foundation of the protocol. This strong foundation drives a scalable and fast consensus layer: On top of the beacon runs a blockchain which utilizes notarization by threshold groups to achieve near-instant finality. Details can be found in the overview paper that we are releasing today.
The roots of the DFINITY consensus mechanism date back to 2014 when thair Chief Scientist, Dominic Williams, started to look for more efficient ways to drive large consensus networks. Since then, much research has gone into the protocol and it took several iterations to reach its current design.
For any practical consensus system the difficulty lies in navigating the tight terrain that one is given between the boundaries imposed by theoretical impossibility-results and practical performance limitations.
The first key milestone was the novel Threshold Relay technique for decentralized, deterministic randomness, which is made possible by certain unique characteristics of the BLS signature system. The next breakthrough was the notarization technique, which allows DFINITY consensus to solve the traditional problems that come with proof-of-stake systems. Getting the security proofs sound was the final step before publication.
DFINITY consensus has made the proper trade-offs between the practical side (realistic threat models and security assumptions) and the theoretical side (provable security). Out came a flexible, tunable algorithm, which we expect will establish itself as the best performing proof-of-stake algorithm. In particular, having the built-in random beacon will prove to be indispensable when building out sharding and scalable validation techniques.

2.6 LINKEDUP

The startup has rather cheekily called this “an open version of LinkedIn,” the Microsoft-owned social network for professionals. Unlike LinkedIn, LinkedUp, which runs on any browser, is not owned or controlled by a corporate entity.
LinkedUp is built on Dfinity’s so-called Internet Computer, its name for the platform it is building to distribute the next generation of software and open internet services.
The software is hosted directly on the internet on a Switzerland-based independent data center, but in the concept of the Internet Computer, it could be hosted at your house or mine. The compute power to run the application LinkedUp, in this case — is coming not from Amazon AWS, Google Cloud or Microsoft Azure, but is instead based on the distributed architecture that Dfinity is building.
Specifically, Dfinity notes that when enterprises and developers run their web apps and enterprise systems on the Internet Computer, the content is decentralized across a minimum of four or a maximum of an unlimited number of nodes in Dfinity’s global network of independent data centers.
Dfinity is an open source for LinkedUp to developers for creating other types of open internet services on the architecture it has built.
“Open Social Network for Professional Profiles” suggests that on Dfinity model one can create “Open WhatsApp”, “Open eBay”, “Open Salesforce” or “Open Facebook”.
The tools include a Canister Software Developer Kit and a simple programming language called Motoko that is optimized for Dfinity’s Internet Computer.
“The Internet Computer is conceived as an alternative to the $3.8 trillion legacy IT stack, and empowers the next generation of developers to build a new breed of tamper-proof enterprise software systems and open internet services. We are democratizing software development,” Williams said. “The Bronze release of the Internet Computer provides developers and enterprises a glimpse into the infinite possibilities of building on the Internet Computer — which also reflects the strength of the Dfinity team we have built so far.”
Dfinity says its “Internet Computer Protocol” allows for a new type of software called autonomous software, which can guarantee permanent APIs that cannot be revoked. When all these open internet services (e.g. open versions of WhatsApp, Facebook, eBay, Salesforce, etc.) are combined with other open software and services it creates “mutual network effects” where everyone benefits.
On 1 November, DFINITY has released 13 new public versions of the SDK, to our second major milestone [at WEF Davos] of demoing a decentralized web app called LinkedUp on the Internet Computer. Subsequent milestones towards the public launch of the Internet Computer will involve:
  1. On boarding a global network of independent data centers.
  2. Fully tested economic system.
  3. Fully tested Network Nervous Systems for configuration and upgrades

2.7 WHAT IS MOTOKO?

Motoko is a new software language being developed by the DFINITY Foundation, with an accompanying SDK, that is designed to help the broadest possible audience of developers create reliable and maintainable websites, enterprise systems and internet services on the Internet Computer with ease. By developing the Motoko language, the DFINITY Foundation will ensure that a language that is highly optimized for the new environment is available. However, the Internet Computer can support any number of different software frameworks, and the DFINITY Foundation is also working on SDKs that support the Rust and C languages. Eventually, it is expected there will be many different SDKs that target the Internet Computer.
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The Decade in Blockchain — 2010 to 2020 in Review

2010

February — The first ever cryptocurrency exchange, Bitcoin Market, is established. The first trade takes place a month later.
April — The first public bitcoin trade takes place: 1000BTC traded for $30 at an exchange rate of 0.03USD/1BTC
May — The first real-world bitcoin transaction is undertaken by Laszlo Hanyecz, who paid 10000BTC for two Papa John’s pizzas (Approximately $25 USD)
June — Bitcoin developer Gavin Andreson creates a faucet offering 5 free BTC to the public
July — First notable usage of the word “blockchain” appears on BitcoinTalk forum. Prior to this, it was referred to as ‘Proof-of-Work chain’
July — Bitcoin exchange named Magic The Gathering Online eXchange—also known as Mt. Gox—established
August —Bitcoin protocol bug leads to emergency hard fork
December — Satoshi Nakamoto ceases communication with the world

2011

January — One-quarter of the eventual total of 21M bitcoins have been generated
February — Bitcoin reaches parity for the first time with USD
April — Bitcoin reaches parity with EUR and GBP
June — WikiLeaks begins accepting Bitcoin donations
June — Mt. Gox hacked, resulting in suspension of trading and a precipitous price drop for Bitcoin
August — First Bitcoin Improvement Proposal: BIP Purpose and Guidelines
October — Litecoin released
December — Bitcoin featured as a major plot element in an episode of ‘The Good Wife’ as 9.45 million viewers watch.

2012

May — Bitcoin Magazine, founded by Mihai Alisie and Vitalik Buterin, publishes first issue
July — Government of Estonia begins incorporating blockchain into digital ID efforts
September — Bitcoin Foundation created
October — BitPay reports having over 1,000 merchants accepting bitcoin under its payment processing service
November — First Bitcoin halving to 25 BTC per block

2013

February — Reddit begins accepting bitcoins for Gold memberships
March — Cyprus government bailout levies bank accounts with over $100k. Flight to Bitcoin results in major price spike.
May —Total Bitcoin value surpasses 1 billion USD with 11M Bitcoin in circulation
May — The first cryptocurrency market rally and crash takes place. Prices rise from $13 to $220, and then drop to $70
June — First major cryptocurrency theft. 25,000 BTC is stolen from Bitcoin forum founder
July — Mastercoin becomes the first project to conduct an ICO
August — U.S. Federal Court issues opinion that Bitcoin is a currency or form of money
October — The FBI shuts down dark web marketplace Silk Road, confiscating approximately 26,000 bitcoins
November — Vitalik Buterin releases the Ethereum White Paper: “A Next-Generation Smart Contract and Decentralized Application Platform
December — The first commit to the Ethereum codebase takes place

2014

January — Vitalik Buterin announces Ethereum at the North American Bitcoin Conference in Miami
February — HMRC in the UK classifies Bitcoin as private money
March — Newsweek claims Dorian Nakamoto is Bitcoin creator. He is not
April — Gavin Wood releases the Ethereum Yellow Paper: “Ethereum: A Secure Decentralised Generalised Transaction Ledger
June — Ethereum Foundation established in Zug, Switzerland
June — US Marshals Service auctions off 30,000 Bitcoin confiscated from Silk Road. All are purchased by venture capitalist Tim Draper
July — Ethereum token launch raises 31,591 BTC ($18,439,086) over 42 days
September — TeraExchange launches first U.S. Commodity Futures Trading Commission approved Bitcoin over-the-counter swap
October — ConsenSys is founded by Joe Lubin
December — By year’s end, Paypal, Zynga, u/, Expedia, Newegg, Dell, Dish Network, and Microsoft are all accepting Bitcoin for payments

2015

January — Coinbase opens up the first U.S-based cryptocurrency exchange
February — Stripe initiates bitcoin payment integration for merchants
April — NASDAQ initiates blockchain trial
June — NYDFS releases final version of its BitLicense virtual currency regulations
July — Ethereum’s first live mainnet release—Frontier—launched.
August — Augur, the first token launch on the Ethereum network takes place
September — R3 consortium formed with nine financial institutions, increases to over 40 members within six months
October — Gemini exchange launches, founded by Tyler and Cameron Winklevoss
November — Announcement of first zero knowledge proof, ZK-Snarks
December — Linux Foundation establishes Hyperledger project

2016

January — Zcash announced
February — HyperLedger project announced by Linux Foundation with thirty founding members
March — Second Ethereum mainnet release, Homestead, is rolled out.
April — The DAO (decentralized autonomous organization) launches a 28-day crowdsale. After one month, it raises an Ether value of more than US$150M
May — Chinese Financial Blockchain Shenzhen Consortium launches with 31 members
June — The DAO is attacked with 3.6M of the 11.5M Ether in The DAO redirected to the attacker’s Ethereum account
July — The DAO attack results in a hard fork of the Ethereum Blockchain to recover funds. A minority group rejecting the hard fork continues to use the original blockchain renamed Ethereum Classic
July — Second Bitcoin halving to 12.5BTC per block mined
November — CME Launches Bitcoin Price Index

2017

January — Bitcoin price breaks US$1,000 for the first time in three years
February — Enterprise Ethereum Alliance formed with 30 founding members, over 150 members six months later
March — Multiple applications for Bitcoin ETFs rejected by the SEC
April — Bitcoin is officially recognized as currency by Japan
June — EOS begins its year-long ICO, eventually raising $4 billion
July — Parity hack exposes weaknesses in multisig wallets
August — Bitcoin Cash forks from the Bitcoin Network
October — Ethereum releases Byzantium soft fork network upgrade, part one of Metropolis
September — China bans ICOs
October — Bitcoin price surpasses $5,000 USD for the first time
November — Bitcoin price surpasses $10,000 USD for the first time
December — Ethereum Dapp Cryptokitties goes viral, pushing the Ethereum network to its limits

2018


January — Ethereum price peaks near $1400 USD
March — Google bans all ads pertaining to cryptocurrency
March — Twitter bans all ads pertaining to cryptocurrency
April — 2018 outpaces 2017 with $6.3 billion raised in token launches in the first four months of the year
April — EU government commits $300 million to developing blockchain projects
June — The U.S. Securities and Exchange Commission states that Ether is not a security.
July — Over 100,000 ERC20 tokens created
August — New York Stock Exchange owner announces Bakkt, a federally regulated digital asset exchange
October — Bitcoin’s 10th birthday
November — VC investment in blockchain tech surpasses $1 billion
December — 90% of banks in the US and Europe report exploration of blockchain tech

2019

January — Coinstar machines begin selling cryptocurrency at grocery stores across the US
February — Ethereum’s Constantinople hard fork is released, part two of Metropolis
April — Bitcoin surpasses 400 million total transactions
June — Facebook announces Libra
July — United States senate holds hearings titled ‘Examining Regulatory Frameworks for Digital Currencies and Blockchain”
August — Ethereum developer dominance reaches 4x that of any other blockchain
October — Over 80 million distinct Ethereum addresses have been created
September — Santander bank settles both sides of a $20 million bond on Ethereum
November — Over 3000 Dapps created. Of them, 2700 are built on Ethereum
submitted by blockstasy to CryptoTechnology [link] [comments]

Swiss Licensed Crypto Bank Expanding Into 9 Markets

A fully operational crypto-focused bank based in Switzerland is expanding into nine other markets. With a banking and securities dealer license from the Swiss Financial Market Supervisory Authority, its services include crypto custody, trading, and asset management. The bank has launched its investment business including a cryptocurrency index.

SEBA Bank AG, formerly SEBA Crypto AG, is a crypto-focused bank headquartered in Zug, Switzerland. The bank recently became fully operational and started onboarding Swiss clients after obtaining a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA).

The bank has announced that it is extending service to “clients from selected foreign jurisdictions” in December. A spokesperson for the bank told news.Bitcoin.com that the selected jurisdictions are the U.K., Italy, Germany, France, Austria, Portugal, Netherlands, Singapore, and Hong Kong.

SEBA Bank aims to build a bridge between the traditional banking world and the crypto world. Its services include custody storage, trading and liquidity management, asset and wealth management, transaction banking, and tokenization. They are aimed at professional investors, family offices, banks, asset managers, and blockchain companies.

The spokesperson further clarified to news.Bitcoin.com that the bank accepts BTC, ETH, ETC, LTC, XLM and NEO for its custody service. As for trading, it accepts BTC, ETH, ETC, LTC, and XLM.

https://news.bitcoin.com/swiss-licensed-crypto-bank-expanding-into-9-markets/
submitted by FastSellerService to BitcoinInfo [link] [comments]

An extensive guide for cashing out bitcoin and cryptocurrencies into private banks

Hey guys.
Merry Xmas !
I am coming back to you with a follow up post, as I have helped many people cash out this year and I have streamlined the process. After my original post, I received many requests to be more specific and provide more details. I thought that after the amazing rally we have been attending over the last few months, and the volatility of the last few days, it would be interesting to revisit more extensively.
The attitude of banks around crypto is changing slowly, but it is still a tough stance. For the first partial cash out I operated around a year ago for a client, it took me months to find a bank. They wouldn’t want to even consider the case and we had to knock at each and every door. Despite all my contacts it was very difficult back in the days. This has changed now, and banks have started to open their doors, but there is a process, a set of best practices and codes one has to follow.
I often get requests from crypto guys who are very privacy-oriented, and it takes me months to have them understand that I am bound by Swiss law on banking secrecy, and I am their ally in this onboarding process. It’s funny how I have to convince people that banks are legit, while on the other side, banks ask me to show that crypto millionaires are legit. I have a solid background in both banking and in crypto so I manage to make the bridge, but yeah sometimes it is tough to reconcile the two worlds. I am a crypto enthusiast myself and I can say that after years of work in the banking industry I have grown disillusioned towards banks as well, like many of you. Still an account in a Private bank is convenient and powerful. So let’s get started.
There are two different aspects to your onboarding in a Swiss Private bank, compliance-wise.
*The origin of your crypto wealth
*Your background (residence, citizenship and probity)
These two aspects must be documented in-depth.
How to document your crypto wealth. Each new crypto millionaire has a different story. I may detail a few fun stories later in this post, but at the end of the day, most of crypto rich I have met can be categorized within the following profiles: the miner, the early adopter, the trader, the corporate entity, the black market, the libertarian/OTC buyer. The real question is how you prove your wealth is legit.
1. Context around the original amount/investment Generally speaking, your first crypto purchase may not be documented. But the context around this acquisition can be. I have had many cases where the original amount was bought through Mtgox, and no proof of purchase could be provided, nor could be documented any Mtgox claim. That’s perfectly fine. At some point Mtgox amounted 70% of the bitcoin transactions globally, and people who bought there and managed to withdraw and keep hold of their bitcoins do not have any Mtgox claim. This is absolutely fine. However, if you can show me the record of a wire from your bank to Tisbane (Mtgox's parent company) it's a great way to start.
Otherwise, what I am trying to document here is the following: I need context. If you made your first purchase by saving from summer jobs, show me a payroll. Even if it was USD 2k. If you acquired your first bitcoins from mining, show me the bills of your mining equipment from 2012 or if it was through a pool mine, give me your slushpool account ref for instance. If you were given bitcoin against a service you charged, show me an invoice.
2. Tracking your wealth until today and making sense of it. What I have been doing over the last few months was basically educating compliance officers. Thanks God, the blockchain is a global digital ledger! I have been telling my auditors and compliance officers they have the best tool at their disposal to lead a proper investigation. Whether you like it or not, your wealth can be tracked, from address to address. You may have thought all along this was a bad feature, but I am telling you, if you want to cash out, in the context of Private Banking onboarding, tracking your wealth through the block explorer is a boon. We can see the inflows, outflows. We can see the age behind an address. An early adopter who bought 1000 BTC in 2010, and let his bitcoin behind one address and held thus far is legit, whether or not he has a proof of purchase to show. That’s just common sense. My job is to explain that to the banks in a language they understand.
Let’s have a look at a few examples and how to document the few profiles I mentioned earlier.
The trader. I love traders. These are easy cases. I have a ton of respect for them. Being a trader myself in investment banks for a decade earlier in my career has taught me that controlling one’s emotions and having the discipline to impose oneself some proper risk management system is really really hard. Further, being able to avoid the exchange bankruptcy and hacks throughout crypto history is outstanding. It shows real survival instinct, or just plain blissed ignorance. In any cases traders at exchange are easy cases to corroborate since their whole track record is potentially available. Some traders I have met have automated their trading and have shown me more than 500k trades done over the span of 4 years. Obviously in this kind of scenario I don’t show everything to the bank to avoid information overload, and prefer to do some snacking here and there. My strategy is to show the early trades, the most profitable ones, explain the trading strategy and (partially expose) the situation as of now with id pages of the exchanges and current balance. Many traders have become insensitive to the risk of parking their crypto at exchange as they want to be able to trade or to grasp an occasion any minute, so they generally do not secure a substantial portion on the blockchain which tends to make me very nervous.
The early adopter. Provided that he has not mixed his coin, the early adopter or “hodler” is not a difficult case either. Who cares how you bought your first 10k btc if you bought them below 3$ ? Even if you do not have a purchase proof, I would generally manage to find ways. We just have to corroborate the original 30’000 USD investment in this case. I mainly focus on three things here:
*proof of early adoption I have managed to educate some banks on a few evidences specifically related to crypto markets. For instance with me, an old bitcointalk account can serve as a proof of early adoption. Even an old reddit post from a few years ago where you say how much you despise this Ripple premined scam can prove to be a treasure readily available to show you were early.
*story telling Compliance officers like to know when, why and how. They are human being looking for simple answers to simple questions and they don’t want like to be played fool. Telling the truth, even without a proof can do wonders, and even though bluffing might still work because banks don’t fully understand bitcoin yet, it is a risky strategy that is less and less likely to pay off as they are getting more sophisticated by the day.
*micro transaction from an old address you control This is the killer feature. Send a $20 worth transaction from an old address to my company wallet and to one of my partner bank’s wallet and you are all set ! This is gold and considered a very solid piece of evidence. You can also do a microtransaction to your own wallet, but banks generally prefer transfer to their own wallet. Patience with them please. they are still learning.
*signature message Why do a micro transaction when you can sign a message and avoid potentially tainting your coins ?
*ICO millionaire Some clients made their wealth participating in ETH crowdsale or IOTA ICO. They were very easy to deal with obviously and the account opening was very smooth since we could evidence the GENESIS TxHash flow.
The miner Not so easy to proof the wealth is legit in that case. Most early miners never took screenshot of the blocks on bitcoin core, nor did they note down the block number of each block they mined. Until the the Slashdot article from August 2010 anyone could mine on his laptop, let his computer run overnight and wake up to a freshly minted block containing 50 bitcoins back in the days. Not many people were structured enough to store and secure these coins, avoid malwares while syncing the blockchain continuously, let alone document the mined blocks in the process. What was 50 BTC worth really for the early miners ? dust of dollars, games and magic cards… Even miners post 2010 are generally difficult to deal with in terms of compliance onboarding. Many pool mining are long dead. Deepbit is down for instance and the founders are MIA. So my strategy to proof mining activity is as follow:
*Focusing on IT background whenever possible. An IT background does help a lot to bring some substance to the fact you had the technical ability to operate a mining rig.
*Showing mining equipment receipts. If you mined on your own you must have bought the hardware to do so. For instance mining equipment receipts from butterfly lab from 2012-2013 could help document your case. Similarly, high electricity bill from your household on a consistent basis back in the day could help. I have already unlocked a tricky case in the past with such documents when the bank was doubtful.
*Wallet.dat files with block mining transactions from 2011 thereafter This obviously is a fantastic piece of evidence for both you and me if you have an old wallet and if you control an address that received original mined blocks, (even if the wallet is now empty). I will make sure compliance officers understand what it means, and as for the early adopter, you can prove your control over these wallet through a microtransaction. With these kind of addresses, I can show on the block explorer the mined block rewards hitting at regular time interval, and I can even spot when difficulty level increased or when halvening process happened.
*Poolmining account. Here again I have educated my partner bank to understand that a slush account opened in 2013 or an OnionTip presence was enough to corroborate mining activity. The block explorer then helps me to do the bridge with your current wallet.
*Describing your set up and putting it in context In the history of mining we had CPU, GPU, FPG and ASICs mining. I will describe your technical set up and explain why and how your set up was competitive at that time.
The corporate entity Remember 2012 when we were all convinced bitcoin would take over the world, and soon everyone would pay his coffee in bitcoin? How naïve we were to think transaction fees would remain low forever. I don’t blame bitcoin cash supporters; I once shared this dream as well. Remember when we thought global adoption was right around the corner and some brick and mortar would soon accept bitcoin transaction as a common mean of payment? Well, some shop actually did accept payment and held. I had a few cases as such of shops holders, who made it to the multi million mark holding and had invoices or receipts to proof the transactions. If you are organized enough to keep a record for these trades and are willing to cooperate for the documentation, you are making your life easy. The digital advertising business is also a big market for the bitcoin industry, and affiliates partner compensated in btc are common. It is good to show an invoice, it is better to show a contract. If you do not have a contract (which is common since all advertising deals are about ticking a check box on the website to accept terms and conditions), there are ways around that. If you are in that case, pm me.
The black market Sorry guys, I can’t do much for you officially. Not that I am judging you. I am a libertarian myself. It’s just already very difficult to onboard legit btc adopters, so the black market is a market I cannot afford to consider. My company is regulated so KYC and compliance are key for me if I want to stay in business. Behind each case I push forward I am risking the credibility and reputation I have built over the years. So I am sorry guys I am not risking it to make an extra buck. Your best hope is that crypto will eventually take over the world and you won’t need to cash out anyway. Or go find a Lithuanian bank that is light on compliance and cooperative.
The OTC buyer and the libertarian. Generally a very difficult case. If you bought your stack during your journey in Japan 5 years ago to a guy you never met again; or if you accumulated on https://localbitcoins.com/ and kept no record or lost your account, it is going to be difficult. Not impossible but difficult. We will try to build a case with everything else we have, and I may be able to onboard you. However I am risking a lot here so I need to be 100% confident you are legit, before I defend you. Come & see me in Geneva, and we will talk. I will run forensic services like elliptic, chainalysis, or scorechain on an extract of your wallet. If this scan does not raise too many red flags, then maybe we can work together ! If you mixed your coins all along your crypto history, and shredded your seeds because you were paranoid, or if you made your wealth mining professionally monero over the last 3 years but never opened an account at an exchange. ¯_(ツ)_/¯ I am not a magician and don’t get me wrong, I love monero, it’s not the point.
Cashing out ICOs Private companies or foundations who have ran an ICO generally have a very hard time opening a bank account. The few banks that accept such projects would generally look at 4 criteria:
*Seriousness of the project Extensive study of the whitepaper to limit the reputation risk
*AML of the onboarding process ICOs 1.0 have no chance basically if a background check of the investors has not been conducted
*Structure of the moral entity List of signatories, certificate of incumbency, work contract, premises...
*Fiscal conformity Did the company informed the authorities and seek a fiscal ruling.
For the record, I am not into the tax avoidance business, so people come to me with a set up and I see if I can make it work within the legal framework imposed to me.
First, stop thinking Switzerland is a “offshore heaven” Swiss banks have made deals with many governments for the exchange of fiscal information. If you are a French citizen, resident in France and want to open an account in a Private Bank in Switzerland to cash out your bitcoins, you will get slaughtered (>60%). There are ways around that, and I could refer you to good tax specialists for fiscal optimization, but I cannot organize it myself. It would be illegal for me. Swiss private banks makes it easy for you to keep a good your relation with your retail bank and continue paying your bills without headaches. They are integrated to SEPA, provide ebanking and credit cards.
For information, these are the kind of set up some of my clients came up with. It’s all legal; obviously I do not onboard clients that are not tax compliant. Further disclaimer: I did not contribute myself to these set up. Do not ask me to organize it for you. I won’t.
EU tricks
Swiss lump sum taxation Foreign nationals resident in Switzerland can be taxed on a lump-sum basis if they are not gainfully employed in our country. Under the lump-sum tax regime, foreign nationals taking residence in Switzerland may choose to pay an expense-based tax instead of ordinary income and wealth tax. Attractive cantons for the lump sum taxation are Zug, Vaud, Valais, Grisons, Lucerne and Berne. To make it short, you will be paying somewhere between 200 and 400k a year and all expenses will be deductible.
Switzerland has adopted a very friendly attitude towards crypto currency in general. There is a whole crypto valley in Zug now. 30% of ICOs are operated in Switzerland. The reason is that Switzerland has thrived for centuries on banking secrecy, and today with FATCA and exchange of fiscal info with EU, banking secrecy is dead. Regulators in Switzerland have understood that digital ledger technologies were a way to roll over this competitive advantage for the generations to come. Switzerland does not tax capital gains on crypto profits. The Finma has a very pragmatic approach. They have issued guidance- updated guidelines here. They let the business get organized and operate their analysis on a case per case basis. Only after getting a deep understanding of the market will they issue a global fintech license in 2019. This approach is much more realistic than legislations which try to regulate everything beforehand.
Italy new tax exemption. It’s a brand new fiscal exemption. Go to Aoste, get residency and you could be taxed a 100k/year for 10years. Yes, really.
Portugal What’s crazy in Europe is the lack of fiscal harmonization. Even if no one in Brussels dares admit it, every other country is doing fiscal dumping. Portugal is such a country and has proved very friendly fiscally speaking. I personally have a hard time trusting Europe. I have witnessed what happened in Greece over the last few years. Some of our ultra high net worth clients got stuck with capital controls. I mean no way you got out of crypto to have your funds confiscated at the next financial crisis! Anyway. FYI
Malta Generally speaking, if you get a residence somewhere you have to live there for a certain period of time. Being stuck in Italy is no big deal with Schengen Agreement, but in Malta it is a different story. In Malta, the ordinary residence scheme is more attractive than the HNWI residence scheme. Being an individual, you can hold a residence permit under this scheme and pay zero income tax in Malta in a completely legal way.
Monaco Not suitable for French citizens, but for other Ultra High Net worth individual, Monaco is worth considering. You need an account at a local bank as a proof of fortune, and this account generally has to be seeded with at least EUR500k. You also need a proof of residence. I do mean UHNI because if you don’t cash out minimum 30m it’s not interesting. Everything is expensive in Monaco. Real Estate is EUR 50k per square meter. A breakfast at Monte Carlo Bay hotel is 70 EUR. Monaco is sunny but sometimes it feels like a golden jail. Do you really want that for your kids?
Dubaï
  1. Set up a company in Dubaï, get your resident card.
  2. Spend one day every 6 month there
  3. ???
  4. Be tax free
US tricks Some Private banks in Geneva do have the license to manage the assets of US persons and U.S citizens. However, do not think it is a way to avoid paying taxes in the US. Opening an account at an authorized Swiss Private banks is literally the same tax-wise as opening an account at Fidelity or at Bank of America in the US. The only difference is that you will avoid all the horror stories. Horror stories are all real by the way. In Switzerland, if you build a decent case and answer all the questions and corroborate your case in depth, you will manage to convince compliance officers beforehand. When the money eventually hits your account, it is actually available and not frozen.
The IRS and FATCA require to file FBAR if an offshore account is open. However FBAR is a reporting requirement and does not have taxes related to holding an account outside the US. The taxes would be the same if the account was in the US. However penalties for non compliance with FBAR are very large. The tax liability management is actually performed through the management of the assets ( for exemple by maximizing long term capital gains and minimizing short term gains).
The case for Porto Rico. Full disclaimer here. I am not encouraging this. Have not collaborated on such tax avoidance schemes. if you are interested I strongly encourage you to seek a tax advisor and get a legal opinion. I am not responsible for anything written below. I am not going to say much because I am so afraid of uncle Sam that I prefer to humbly pass the hot potato to pwc From here all it takes is a good advisor and some creativity to be tax free on your crypto wealth if you are a US person apparently. Please, please please don’t ask me more. And read the disclaimer again.
Trust tricks Generally speaking I do not accept fringe fiscal situation because it puts me in a difficult situation to the banks I work with, and it is already difficult enough to defend a legit crypto case. Trust might be a way to optimize your fiscal situation. Belize. Bahamas. Seychelles. Panama, You name it. At the end of the day, what matters for Swiss Banks are the beneficial owner and the settlor. Get a legal opinion, get it done, and when you eventually knock at a private bank’s door, don’t say it was for fiscal avoidance you stupid ! You will get the door smashed upon you. Be smarter. It will work. My advice is just to have it done by a great tax specialist lawyer, even if it costs you some money, as the entity itself needs to be structured in a professional way. Remember that with trust you are dispossessing yourself off your wealth. Not something to be taken lightly.
“Anonymous” cash out. Right. I think I am not going into this topic, neither expose the ways to get it done. Pm me for details. I already feel a bit uncomfortable with all the info I have provided. I am just going to mention many people fear that crypto exchange might become reporting entities soon, and rightly so. This might happen anyday. You have been warned. FYI, this only works for non-US and large cash out.
The difference between traders an investors. Danmark, Holland and Germany all make a huge difference if you are a passive investor or if you are a trader. ICO is considered investing for instance and is not taxed, while trading might be considered as income and charged aggressively. I would try my best to protect you and put a focus on your investor profile whenever possible, so you don't have to pay 52% tax if you do not have to :D
Full cash out or partial cash out? People who have been sitting on crypto for long have grown an emotional and irrational link with their coins. They come to me and say, look, I have 50m in crypto but I would like to cash out 500k only. So first let me tell you that as a wealth manager my advice to you is to take some off the table. Doing a partial cash out is absolutely fine. The market is bullish. We are witnessing a redistribution of wealth at a global scale. Bitcoin is the real #occupywallstreet, and every one will discuss crypto at Xmas eve which will make the market even more supportive beginning 2018, especially with all hedge funds entering the scene. If you want to stay exposed to bitcoin and altcoins, and believe these techs will change the world, it’s just natural you want to keep some coins. In the meantime, if you have lived off pizzas over the last years, and have the means to now buy yourself an nice house and have an account at a private bank, then f***ing do it mate ! Buy physical gold with this account, buy real estate, have some cash at hands. Even though US dollar is worthless to your eyes, it’s good and convenient to have some. Also remember your wife deserves it ! And if you have no wife yet and you are socially awkward like the rest of us, then maybe cashing out partially will help your situation ;)
What the Private Banks expect. Joke aside, it is important you understand something. If you come around in Zurich to open a bank account and partially cash out, just don’t expect Private Banks will make an exception for you if you are small. You can’t ask them to facilitate your cash out, buy a 1m apartment with the proceeds of the sale, and not leave anything on your current account. It won’t work. Sadly, under 5m you are considered small in private banking. The bank is ok to let you open an account, provided that your kyc and compliance file are validated, but they will also want you to become a client and leave some money there to invest. This might me despicable, but I am just explaining you their rules. If you want to cash out, you should sell enough to be comfortable and have some left. Also expect the account opening to last at least 3-4 week if everything goes well. You can't just open an account overnight.
The cash out logistics. Cashing out 1m USD a day in bitcoin or more is not so hard.
Let me just tell you this: Even if you get a Tier 4 account with Kraken and ask Alejandro there to raise your limit over $100k per day, Even if you have a bitfinex account and you are willing to expose your wealth there, Even if you have managed to pass all the crazy due diligence at Bitstamp,
The amount should be fractioned to avoid risking your full wealth on exchange and getting slaughtered on the price by trading big quantities. Cashing out involves significant risks at all time. There is a security risk of compromising your keys, a counterparty risk, a fat finger risk. Let it be done by professionals. It is worth every single penny.
Most importantly, there is a major difference between trading on an exchange and trading OTC. Even though it’s not publicly disclosed some exchange like Kraken do have OTC desks. Trading on an exchange for a large amount will weight on the prices. Bitcoin is a thin market. In my opinion over 30% of the coins are lost in translation forever. Selling $10m on an exchange in a day can weight on the prices more than you’d think. And if you trade on a exchange, everything is shown on record, and you might wipe out the prices because on exchanges like bitstamp or kraken ultimately your counterparties are retail investors and the market depth is not huge. It is a bit better on Bitfinex. It is way better to trade OTC. Accessing the institutional OTC market is not easy, and that is also the reason why you should ask a regulated financial intermediary if we are talking about huge amounts.
Last point, always chose EUR as opposed to USD. EU correspondent banks won’t generally block institutional amounts. However we had the cases of USD funds frozen or delayed by weeks.
Most well-known OTC desks are Cumberlandmining (ask for Lucas), Genesis (ask for Martin), Bitcoin Suisse AG (ask for Niklas), circletrade, B2C2, or Altcoinomy (ask for Olivier)
Very very large whales can also set up escrow accounts for massive block trades. This world, where blocks over 30k BTC are exchanged between 2 parties would deserve a reddit thread of its own. Crazyness all around.
Your options: DIY or going through a regulated financial intermediary.
Execution trading is a job in itself. You have to be patient, be careful not to wipe out the order book and place limit orders, monitor the market intraday for spikes or opportunities. At big levels, for a large cash out that may take weeks, these kind of details will save you hundred thousands of dollars. I understand crypto holders are suspicious and may prefer to do it by themselves, but there are regulated entities who now offer the services. Besides, being a crypto millionaire is not a guarantee you will get institutional daily withdrawal limits at exchange. You might, but it will take you another round of KYC with them, and surprisingly this round might be even more aggressive that the ones at Private banks since exchange have gone under intense scrutiny by regulators lately.
The fees for cashing out through a regulated financial intermediary to help you with your cash out should be around 1-2% flat on the nominal, not more. And for this price you should get the full package: execution/monitoring of the trades AND onboarding in a private bank. If you are asked more, you are being abused.
Of course, you also have the option to do it yourself. It is a way more tedious and risky process. Compliance with the exchange, compliance with the private bank, trading BTC/fiat, monitoring the transfers…You will save some money but it will take you some time and stress. Further, if you approach a private bank directly, it will trigger a series of red flag to the banks. As I said in my previous post, they call a direct approach a “walk-in”. They will be more suspicious than if you were introduced by someone and won’t hesitate to show you high fees and load your portfolio with in-house products that earn more money to the banks than to you. Remember also most banks still do not understand crypto so you will have a lot of explanations to provide and you will have to start form scratch with them!
The paradox of crypto millionaires Most of my clients who made their wealth through crypto all took massive amount of risks to end up where they are. However, most of them want their bank account to be managed with a low volatility fixed income capital preservation risk profile. This is a paradox I have a hard time to explain and I think it is mainly due to the fact that most are distrustful towards banks and financial markets in general. Many clients who have sold their crypto also have a cash-out blues in the first few months. This is a classic situation. The emotions involved in hodling for so long, the relief that everything has eventually gone well, the life-changing dynamics, the difficulties to find a new motivation in life…All these elements may trigger a post cash-out depression. It is another paradox of the crypto rich who has every card in his hand to be happy, but often feel a bit sad and lonely. Sometimes, even though it’s not my job, I had to do some psychological support. A lot of clients have also become my friends, because we have the same age and went through the same “ordeal”. First world problem I know… Remember, cashing out is not the end. It’s actually the beginning. Don’t look back, don’t regret. Cash out partially, because it does not make sense to cash out in full, regret it and want back in. relax.
The race to cash out crypto billionaire and the concept of late exiter. The Winklevoss brothers are obviously the first of a series. There will be crypto billionaires. Many of them. At a certain level you can have a whole family office working for you to manage your assets and take care of your needs . However, let me tell you it’s is not because you made it so big that you should think you are a genius and know everything better than anyone. You should hire professionals to help you. Managing assets require some education around the investment vehicles and risk management strategies. Sorry guys but with all the respect I have for wallstreebet, AMD and YOLO stock picking, some discipline is necessary. The investors who have made money through crypto are generally early adopters. However I have started to see another profile popping up. They are not early adopters. They are late exiters. It is another way but just as efficient. Last week I met the first crypto millionaire I know who first bough bitcoin over 1000$. 55k invested at the beginning of this year. Late adopter & late exiter is a route that can lead to the million.
Last remarks. I know banks, bankers, and FIAT currencies are so last century. I know some of you despise them and would like to have them burn to the ground. With compliance officers taking over the business, I would like to start the fire myself sometimes. I hope this extensive guide has helped some of you. I am around if you need more details. I love my job despite all my frustration towards the banking industry because it makes me meet interesting people on a daily basis. I am a crypto enthusiast myself, and I do think this tech is here to stay and will change the world. Banks will have to adapt big time. Things have started to change already; they understand the threat is real. I can feel the generational gap in Geneva, with all these old bankers who don’t get what’s going on. They glaze at the bitcoin chart on CNBC in disbelief and they start to get it. This bitcoin thing is not a joke. Deep inside, as an early adopter who also intends to be a late exiter, as a libertarian myself, it makes me smile with satisfaction.
Cheers. @swisspb on telegram
submitted by Swissprivatebanker to Bitcoin [link] [comments]

After ICON the next and only ICO, Don Tapscott is an advisor for, Jibrel Network - Why I think its the sleeping giant and why you should have a look at this project. Thoughts below.

Jibrel Network Settle in boys, this is a long one. I am about to tell you about one of the most promising projects/ICOs of this year, the Jibrel Network.
What does it do? Essentially, the Jibrel Network provides currencies, equities, commodities and other financial assets and instruments as ERC-20 tokens and puts them on the blockchain. It does that to provide incomparable liquidity and decrease friction costs. Additionally, it automates certain processes such as dividend distribution and so on.
The Jibrel Network has a native token, known as JNT, which will be used as the ‘liquid’ underlying asset of the Jibrel AG fund’s portfolio. Additionally, it is a deflationary currency because every time JNT is used as jGas (transfer of ownership; purchase of tokenized assets) it is burned.
>Wait, I’ve heard this before, with LAtoken and Veratesium, this is a tried and tested scam.
Previous attempts at the market didn't have what Jibrel have – smart regulation and insured 2-way (i.e. physical asset to tokens, tokens to physical assets liquidity). All financial assets will be tokenized as programmable CryDRs, which would entail no regulatory or legal risks whatsoever. And, why does this make it better than all the others? Due to the Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations involved in trading real-world assets, there also exists an investor registry that only allows for certain CryDRs to be traded amongst addresses that have been verified by Jibrel. Meaning that, for example, only brokers and fund managers can interact in certain ways with the network. In the traditional economy, regulation is placed around certain asset classes to manage fraud, market, credit and systemic risk. Currencies, commodities and securities all have different regulations across different jurisdictions. The Jibrel Network team has worked (and continues to work) tirelessly with their regulatory advisors to translate real-world regulation into smart regulation (Solidity code). These things will update in near real time as regulation laws and rules amend, so will the smart contract.
>Pfft, where’s the proof?
Well they’re bringing out a MVP usable by any type of user. jWallet and jCash (or jFiat)! Any supposed Tether scams are now dead in the water as we have real, audited tokenized fiat currency. In 6 different forms, no less! Who audits this? The Swiss offices of PricewaterhouseCoopers (doing business under the brand PwC), one of the Big 4 auditing/accounting firms. They will check Jibrel’s position of financial performance and position, cash flows, and other subtle aspects of their financial activities. PwC audits will be public and sufficiently frequent (most likely biannual). The actual code itself? Already been audited by New Alchemy – leaders in smart contract auditing, so that’s all functional.1
jCash is simple enough, It’s Tether but legitimate and in 6 different currencies right off the bat. jUSD, jEUR, jCNY, jAED, jRUB and jGBP. Any fiat currency can be implemented (as long as there is enough demand to implement it). Additionally, Jibrel will always be able to cover their liabilities due to the 3-4x assets in excess of liabilities. Not only that, but the Jibrel DAO (when it activates) will self-regulate the fund through different rules and scenarios encoded in the smart contract – a completely decentralised, on-chain bank.
The real work of art, jWallet The jWallet does all the transaction signing, all the key storage, etc. locally - you never have to share your private keys, they never leave your browser. You can even store them in the browser cache.
It doesn't make sense to share your keys with a service (you login with email) - there are no benefits to that. It’s strange to store large sums of money in a Chrome extension.
https://techcrunch.com/2017/11/22/with-ethereum-wallets-under-constant-attack-jibrel-network-decided-to-build-their-own/
But wait, there's more, when it is up and going, The Jibrel DAO will act as an artificial trading curb, meaning that if the price sinks too low too fast, the DAO will kick in and buy up any oversold JNT, which would equate to roughly 50%. Same thing if it rises too quickly, obvs whale pnd, its curbing it! But there’s only one real downside to that.. unfortunately, this won’t be implemented for quite a while. Target is Q4 2018 for DAO being implemented and a few months (could be up to 6 months) after to be really kicked into gear. Why waiting so long after implementation? Well that’s because DAO needs to build up a buffer to be safe during it’s operation, Jibrel devs are smart and they know DAO cannot be fully operational right off the bat without any serious precautions.
>That sounds great, I’ll wait until after ICO when it dumps ;)
No mate, not with this buying pressure. Jibrel is very investor focused (see partnerships) and will be listing itself on as many exchanges as possible, with two exchanges being in the top 5 in volume (The CEO,Yazan won't say which, most likely HitBTC and a mystery second). Additionally, new jCash will be rolled out all the time, every new currency would be a new audience that’s getting exposed to this company as stated above.
But ultimately you don’t have to invest, they can do it with or without you. This is for banks and other financial institutions. With the infrastructure Jibrel is implementing, banks can save up to 25 billion dollars a year. .
Banks will be able to interact with their own digital assets, completely free of all the legal hassle they had before, while still being perfectly above board. It’s also recession proof. Any trader convinced that another GFC is coming doesn’t have to be purely cash anymore. Its protected by reducing systemic risk in its ecosystem, (through separation, Close monitoring, regulation and risk assessment being the Basel III regulatory framework). Again don’t worry, this is all covered in its smart regulation.
Also note the ICO is not paired with ETH like many ICO's. 1 ETH = x amount of tokens. Due to volatility of the tokens its ICO is pegged at 0.25 cents offer. So if ETH is high or BTC is high you will get more tokens. This makes much better sense as a token structure and why I believe it hasn't sold out yet, a lot of people are waiting in the sidelines.
Now for the juicy part (in case previous parts weren’t juicy enough for you thirsty kids), the advisors and partnerships:
They have freaking Eddy Zuaiter as an advisor, the ex-COO of Soros fund management chatting with them. The man who oversaw 2.5 billion dollars worth of trade positions joined jibrel because:
  1. He sees Jibrel as an opportunity to learn more about the space
  2. He sees Jibrel as an opportunity to directly be involved, help them be well capitalized, survive the bubble, and grow. He sees the potential to pull off an Amazon (his words).
The second is Don Tapscott, the MVP himself. This man has been throwing the term “digital currency” around since 1995, don’t listen to me prattle on, go watch one of his TED talks.
The Jibrel Network is engaged with New Alchemy for Security Audits and PwC for financial audits. In addition, we have formed a strategic agreement with Arabian Chain to bring smart regulation to MENA markets (Middle east) , as well as TaaS fund to provide smart tokens (CryDRs). Jibrel AG is a registered entity in Zug, Switzerland and is responsible for the development of the network. The Jibrel team have undertaken the necessary legal and compliance measures to ensure a fully compliant token sale. For this reason, certain jurisdictions such as US, Singapore and China will not be allowed to participate in the token sale. ;) ICO is 28 million HARD CAP- Yazan has put extra emphasis on this
Lastly, in case you brush it off as an ethereum network scamcoin? It’s blockchain agnostic. If there’s a new king in town, Jibrel can hop on over to it!
Let us know if you have any further questions https://web.telegram.org/#/[email protected]_network
http://sale.jibrel.network
ICO rating websites :
https://icobench.com/ico/jibrel-network
https://icorating.com/ico/432/
https://www.icoranker.com/jibrel-network/- 98/100
More info:
http://vator.tv/news/2017-12-07-jibrel-network-announces-partnership-with-bitcoin-suisse
https://medium.com/@curiousinvestojibrel-network-enabling-investors-e004c9ca7605
submitted by staskies to CryptoCurrency [link] [comments]

AtoX - the world's most valuable blockchain project


In 2018, we witnessed the decline of the price of Bitcoin from 16,800 US dollars to 3,000 US dollars. We witnessed the hundred regiments of the exchange, witnessed the birth and destruction of the giants of coin circle, and witnessed the rise and decline of ICO. In 2018, we also witnessed the birth of the blockchain innovation mechanism, witnessed the maturity of market practitioners, witnessed more and more large companies entering the market, and witnessed global regulatory mechanisms are becoming more and more perfect.
One day in the coin circle, one year in the world. The market is moving forward in this cruel way.
As an intersection of the interests of the industry, it is foreseeable it will start another war in 2019. However, as a whole format, in order to achieve great development, in addition to providing quality services, we also hope that the industry will recover, the increase of users and the influx of huge amounts of funds.
In 2019, a large amount of funds will flow into the digital asset industry. According to the latest news, the Jewish consortium set up AXC Lab in Silicon Valley, USA, investing a lot of money to build a blockchain 4.0 project. When it comes to Jewish consortium, I believe that everyone knows very well that in addition to mastering the American economy in the world, American newspapers, three major broadcasters, Hollywood, cinemas, and military companies are also involved in the Jewish consortium. The economic strength of the Jewish consortium is unquestionable, and for all investors, this will be the primary guarantee for investment.
The Jewish consortium not only has strong fund strength, but also worked hard on technology and global deployment operations. The AXC Project Operations Center is registered in the Crypto Valley in the town of Zug, Switzerland. It is a technology company that integrates the underlying technology development of blockchain, distributed exchanges, digital wallets, cross-border settlement, and network security management. The company has offices in Los Angeles, Japan, Italy, Australia, China and many other countries. It has partners in many countries. The company adheres to the concept of technological innovation and service-oriented, and is committed to the ecological development and construction of AXC, provide all-round technical services for global cross-border settlement, and provide a comprehensive protection scheme for the data security of enterprises.
The AXC project is based on Blockchain 4.0 technology to create a global leading public blockchain system that is highly likely to change the global financial structure and subvert the world. In the future, it is expected that the problem of cross-border transfer and settlement will be solved by the technology of blockchain. It not only has the technical capability of connecting the world in 3 seconds, but also has a cross-chain transmission mechanism that is not available in other alliance blockchains and public blockchains. This public blockchain is called - AtoX, which uses the RPCA protocol, using lightning network and atomic exchange technology, and the integration of its original base blockchain compression and the mechanism of first storage and then consensus can greatly improve TPS and make it continuously optimized and upgraded to meet a variety of trading needs.
This is not just a small gap of compare to the blockchain 1.0-3.0:
In 2019, AtoX undoubtedly became the most valuable blockchain project in the world. The future has come, are you ready?
submitted by tongzhengshijie1 to u/tongzhengshijie1 [link] [comments]

Weekly Wrap 07/06

Market News
This week saw the second major correction in the crypto markets since Bitcoin’s May rally, with traders experiencing harsh volatility amongst choppy price action and market indecision.
Bitcoin found support near $7700 after falling precipitously from it’s $9100 local peak, and ends the week settling near $8000. Most of the top 10 followed a similar pattern, ending slightly down from last week’s highs with the exception of Litecoin, which has gone through a minor rally ending 6% up for the week at $113.
Industry News
Other News, Company Developments
One of our companies, Pocketjam has been part of the first batch of startups in the CV labs incubation program in Zug, Switzerland. The program accepted 12 startups out of 500 applications to be part of a 10-week incubation program and provides seed funding (up to $125k) and access to a network of experts and mentors to build the next generation of blockchain startups.
PocketJam will be presenting the product that they have been developing (an app that incentivizes kids to solve math problems for their pocket money) at an investor pitch session on the evening of the 24th of July at the CV labs offices.
We would like to invite any interested members of the Invictus community to attend the event. The event coincides with the Crypto Valley Blockchain Conference taking place on the 24th-26th of June. If you will be in the area and would like to attend, please contact [email protected] who can assist you with tickets.
To learn a bit more about PocketJam and what they are building, you can check out their blog or watch their promotional video.
A reminder to also make sure you sign up to the latest Invictus Education offering - a course on QTUM. Sign up here and receive $15 worth of QTUM to test for yourself!
submitted by Camaa to InvictusCapital [link] [comments]

Mining...ico....forex

❓What is NEXUS Global? ❗NEXUS Global is a new MLM company that offers 8 businesses on one platform. The core business of NEXUS Global is Crypto Currency Mining.
❓ How can I earn with NEXUS Global? ❗ You can select from 12 very competitive BTC Mining packages.
Starting from $ 100
❓What are the terms of mining packages? ❗ Every package has a term of 24 months and starts working 21 days after activation.
❓How can I pay my mining packages? ❗ For the time being you can pay with 5 crypto currencies (BTC, ETH, LTC, BCH, DASH) and bank wire. Additional payment options will be added soon.
❓How can I withdraw my earnings and how long does it take? ❗ For the time being you can withdraw earnings to your Bitcoin wallet which will take maximum 24 hours.
❓ What is the withdrawal minimum? ❗ For the time being it’s 30$ which might change with the implementation of the new NEXUS multi-wallet.
❓ Is there any withdrawal fee? ❗ For the time being the withdrawal fee is 1%. With the implementation of the new NEXUS multi-wallet there will be no fee.
❓ Is NEXUS Global legit? ❗ NEXUS Global is officially registered in Hong Kong. The European headquarters is going to be in Zug, Switzerland. You can download all company documents from the dashboard.
❓Who is the CEO of NEXUS Global? ❗Christian Michel Scheibener.
❓Do I have to refer people to earn? ❗ No. You can earn passively with your mining packages.
❓How much can I earn referring people? ❗ If you refer people you can earn 10% direct bonus and 10% binary bonus (based on your weaker leg).
❓How can I join NEXUS Global? Capetown: Nexus global is a German based company with offices also in Hong Kong as well as in Bulgaria expected to expand to African countries.
Nexus global is a multiwallet business with 8 businesses in it namely cryptocurrency mining, crypto casino, online games, automated forex trading, sport betting. The flagship product is bitcoin mining and its compulsory to have access to other businesses.
Mining packages have a 2 years contract of which they start mining after 21 days from the date of purchase and earn you bitcoins daily. The mining earnings has no fixed daily earnings but the fluctuate depending on the company performance each day as well as the bitcoin value each day.
Packages you can choose from $100 $500 $1000 $3000 $5000 $10000 $15000 And so on up to $50000
The mining speed depends on how much is the value of the package. This simple means the bigger the package the more your daily earnings. The minimum you can withdraw is $30
There is a network side of the business(optional)
Here you can generate up to $35000 weekly payouts on team commissions.
(I) 10% referral commissions for whatever your direct downliner is buying.
(II) Binary team commissions These are weekly payouts every Monday 10% paid from your weaker leg of the business Volume
How Binary works
You build your team by placing one person left and one right and teach them to do the same. As your team grows there will be a weak and power leg of which where there are more sales is your power leg Example left team made $4000 sales and right $5000, the Monday 10% binary payouts from the weaker leg is $400 and the remaining $1000 from power leg is carried over to the next pay cycle.
Your focus is building on your weaker leg. Remember you are not limited to recruit two people but you can get as many as you want and generate spill overs to your downline and everyone benefits from the volume generated from spill overs in your team as long as being binary qualified with at least $50 mining package and two downlines with $50 or more.
Hope this is giving the picture of how it works
https://members.nexus.global/?u=Shehzaad2018
submitted by shehzaadshaik to airdrops [link] [comments]

Crypto Weekly Recap: SEC Sets November 5th deadline for Bitcoin ETF applications

Includes a recap of all things impact the crypto and blockchain ecosystems...

And much more...

https://www.getrevue.co/profile/Quantamize/archive/139423

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Rockz Review

Good afternoon, my dear crypto-enthusiasts, and today I want to tell you about the wonderful and promising Rockz project and its advantages.
About project ROCKZ is that the world's most bulletproof cryptocurrency. The ROCKZ mission is to form the cryptocurrency market clear, safe and trustworthy for its users, in order that we are able to secure the name and full potential of blockchain developments and therefore the cryptosphere for future generations.
ROCKZ may be a service, not a artifact. Its success are measured, not within the extreme valuations of the coin, however within the variety of individuals United Nations agency trust it as their ‘port during a storm’.
The objective for ROCKZ is to be widely known, trustworthy and employed by each skilled investors and personal participants of the new crypto reality. we've a declared aim of achieving a minimum three-dimensional market share, creating ROCKZ a necessary a part of the cryptosphere design.
WHO CAN USE ROCKZ EARLY CRYPTO ADOPTERS
Private crypto financial specialists who have adequately completed premiums in the cryptosphere and need to shield their riches by protecting it from market, security and counterparty dangers. ROCKZ offers a 'secured harbor' for their riches when the seas gets brutal.
INSTITUTIONAL CRYPTO INVESTORS AND FUND MANAGERS
Institutional speculators are growing their help in this new resource class. For both short and whole deal exchanging, they require a framework to defer between times of endeavor development.
CORPORATES, SERVICE PROVIDERS AND PRIVATE INVESTORS
ROCKZ is planned for partnerships contributing explicitly for their own special record, and pro associations following up in light of a legitimate concern for their clients, and likewise private individuals who wish to get portions in cryptographic forms of money, anyway are hesitant to put it all on the line related to central coins.
CRYPTO-TRADERS
Crypto agents proficiently make a couple of game plans every day, or week , depending upon their exchanging style. As was made reference to over, these clients require an instrument that empowers them to settle positions snappy and change to new target looks. At present merchants use Tether, being under counterparty dangers, or Bitcoin, being under market dangers. ROCKZ is created to avoid both of these dangers. Whole deal speculators share comparative issues – and a comparable course of action.
USERS OF P2P MONEY TRANSFERS
These clients are chasing down a strong and unobtrusive means for the trading of assets to various regions or countries, which can be adequately changed over to quickly available assets. ROCKZ deals with this issue, and even empower clients to keep up a key separation from the change adventure, since the stablecoin thought of ROCKZ empowers sellers to recognize these tokens as a strategies for portion.
Vendors
They are hunting down a fast, straightforward and poor instrument of portion aggregation. Furthermore, this instrument must keep the estimation of assets stable after some time. As was indicated above, ROCKZ suits this immaculately.
Regular Users
They are not world-wise clients of digital currencies and simply need to safely store their salary. In countries where monetary standards can debase quickly or are even subject to country default and business bank frustration, ROCKZ offers a response for keep their capital safe.
Principle of operation Virtual currency RKZ will be issued by the company Alprockz AG, headquartered in Zug, Switzerland. This cryptocurrency will be provided by one of the most stable currencies in the world – the Swiss franc.
It is important to note that 90 per cent of the Swiss franc reserve will be kept in safe Deposit boxes in the form of banknotes. At the same time, the remaining 10 percent will be located on the deposits of the most reliable Swiss banking institutions, thereby ensuring a constant increase in the value of the virtual currency.
It is also worth paying attention to the fact that all reserves will be stored on the terms of a trust mandate. This allows holders of RKZ tokens, even in the event of bankruptcy of the issuing company, to gain access to Fiat funds in Swiss banks.
Token info
Token name : Alprockz (APZ)
Platform :(Ethereum)
Type : (ERC20)
Total Token Emission : 175,000,000 APZ
PreICO price : 1 APZ = 0.36 USD
BONUS
01.07.2018–15.11.2018 : 40% discount.
16.11.2018–15.12.2018 : 30% discount.
16.12.2018–30.01.2019 : 20% discount.
Tokens for sale: 26,250,000 APZ
Accepting : BTC, ETH, Fiat
Minimum investment :1,000 CHF
Total funds to be raised (Hardcap) : CHF 12.6M
Country : Switzerland
Whitelist/KYC : KYC & Whitelist
Restricted areas : USA, China, North Korea, Iran, Somali, Myanmar
TOKEN DISTRIBUTION STRUCTURE
60 % - Treasury (In escrow with vesting mechanism over minimum of 36 months)
15 % - Founders, Core Team & Advisors (vesting plan over 18 months)
10 % - Accredited Private Sale (vesting plan over 18 months)
10 % - Early-stage/ seed investors
5 % - Public sale
USE OF FUNDS
55 % - Development & operations of ROCKZ platform
20 % - Promotion of ROCKZ adoption and other blockchain innovations
15 % - Treasury reserve for any unplanned events
10 % - Legal and Compliance
Roadmap:
AUG 2017 - Launch of thenROCKZ project by the core team.
Dec 2017 - First investors back the project.
Feb 2018 - Request to the Swiss; Regulator to review; ROCKZ legal framework.
Apr 2018 - Second round of investors back the project; Start of the development of the MVP.
May 2018 - Final documentation sent to Swiss Regulator and Swiss National Bank.
June 2018 - Start of the token; Private Sale to accredited investors.
July 2018 - Agreements with main crypto brokers for the platform liquidity.
Aug 2018 - Project is officially publicly announced.
Sep 2018 - Communication campaign starts.
Oct 2018 - ICO of Alprockz (APZ), the mother of all ROCKZ; MVP live for ICO participants; ROCKZ are available to purchase.
Jan 2019 - Launch of public ROCKZ platform.
Mar 2019 - Offering of credit cards to spend ROCKZ anywhere anytime.
Jul 2019 - Launch of ROCKZEUR.
Sep 2019 - Launch of ROCKZKRW.
Conclusion
The formation of a stage for the lawful trade of cryptographic money for Fiat reserves and a stable computerized cash with greatest straightforwardness and security is very intriguing. This task ought to pull in the consideration of speculators because of the way that all assets are put away in Swiss banks, which are considered the most solid on the planet.
Furthermore, the organization ROCKZ AG as of now has a MVP, which demonstrates the genuine goals of the engineers.
For more information:
Website: https://alprockz.io
Telegram: https://tele.click/RockzPlatform
Telegram Chat: https://tele.click/ROCKZchat
Whitepaper: https://s3.eu-central-1.amazonaws.com/alprockz-docs/RockzWhitePaperEnglish_v3.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5066575
Facebook: https://www.facebook.com/RockzPlatform/
Twitter: https://twitter.com/RockzPlatform
Medium: https://medium.com/@rockz
Reddit: https://www.reddit.com/Alprockz/
Linkedin: https://www.linkedin.com/company/alprockz-ag/
Author's Info:
BitcoinTalk Username: qweryjkuyuymyum
BitcoinTalk: https://bitcointalk.org/index.php?action=profile;u=2217709
ETH WALLET: 0x3D17c00506572Bd93869D7818cE71Ae1822c139E
submitted by Levani91 to u/Levani91 [link] [comments]

Traduction en français de l'article Steemit. Partagez francophones !!!

Daneel - La plus puissante INTELLIGENCE ARTIFICIELLE en crypto-monnaie
Le projet Daneel vise à concevoir le premier assistant personnel basé sur l'intelligence artificielle dans l’objectif est d’aider les individus dans leur gestion journalière des crypto-monnaies.
En utilisant la technologie IBM Watson, Daneel fournit des informations fiables en temps réel pour que les investisseurs restent à jour avec les dernières nouvelles dans le monde crypto-monnaie. Sa plateforme fournit aux clients des conseils quotidiens sur leurs investissements ainsi les tendances du marché.
L’application Daneel peut effectuer une analyse du sentiment du marché en déterminant et en capturant les émotions du marché en définissant un score de confiance pour chaque crypto-monnaie.
Daneel tient les utilisateurs au courant de toutes les ICO à venir ainsi que de leur tendance une fois sur le marché.
Daneel vous alertera dès qu'un de vos investissements est en péril.
La plate-forme conviviale dispose d'un module interne à commande vocale qui permettra aux utilisateurs d'obtenir des informations liées à la crypto-monnaie qui répondent à leurs besoins et exigences.
Il fournit également des choix qui peuvent aider les clients à gagner beaucoup de temps, comme passer des ordres sur les échanges grâce à l'API des plates-formes d'échange. Appelez Daneel pour votre ordre et il va le placer pour vous !
Première vidéo sur Daneel! Joseph (CEO-fondateur de Daneel) et Fabien (Global Branding Director) posent des questions à Daneel via un GoogleHome Mini
LIEN Vidéo démonstration : https://www.youtube.com/watch?time_continue=17&v=5erlM_DaWoU
Les tokens DANEEL sont limités à près de 69 millions (69320719 tokens après avoir brûlé et redistribuer les tokens invendus lors de l’ICO) au prix de 0,14 $ (au jour du 9 mai 2018) par jeton avec une capitalisation boursière proche de 4 millions de dollars. C'est un jeton ERC20 et non un titre ni un actif financier. Les jetons seront utilisés pour l'abonnement sur la plateforme Daneel où il y a deux types d'abonnement. Daneel offrira un abonnement gratuit d'un mois qui permettra aux particuliers d'accéder à toutes les fonctionnalités de leur application mobile ainsi qu'à la version web, mais avec un nombre limité de demandes. Les abonnements mensuels, trimestriels et annuels complets permettront aux particuliers d'avoir toutes les fonctionnalités sur la version mobile et sur le Web avec un nombre illimité de demandes, ainsi que le support de l’application.
Daneel sur CoinMarketCap https://coinmarketcap.com/currencies/daneel/
Le jeton DAN a été audité avec succès par CoinMercenary selon l'article ci-dessous: https://medium.com/@daneel_project/dan-token-has-been-successfully-audited-by-coinmercenary-f3cff75192d6
DAN est déjà sur les échanges suivants: HITBTC, IDEX, FORK DELTA, ETHERDELTA, DDEX et bien d'autres sont à venir !
DAN sera notamment coté sur Bancor à partir du 14 mai 2018 et sur la bourse de Hong Kong FUBT.
Les discussions sont en cours avec les plateformes suivantes: Poloniex, KuCoin et Livecoin.
En utilisant l’AI (intelligence artificielle) IBM Watson (numéro de contrat international IBM PartnerWorld: C5C955F4F18F5A56), Daneel fournira aux utilisateurs les fonctionnalités suivantes se référant au livre blanc (whitepaper) du projet:
✔️ Etre toujours informé Rassembler, intégrer et analyser l'information. Le concept d’analyse est au cœur de Daneel. Pour commencer, Daneel recherche, navigue, recueille et analyse différentes sources d'informations disponibles sur différents canaux en ligne : flux d'informations, médias généraux, forums, médias spécialisés et réseaux sociaux. Une fois l'information recueillie, il triera et classera toutes les données pertinentes afin de n'offrir que des informations jugées hautement fiables et pertinentes. Vous verrez alors en temps réel un récapitulatif de toutes les informations nécessaires concernant ; les tarifs actuels de toutes vos crypto-monnaies, les actualités crypto-monnaie triées par thème (technologique, juridique, partenariats, etc...), les différentes «Initial Coin Offering» (ICO) disponibles et leur projet.
✔️ Analyse des émotions du marché
Outre l'analyse et la synthèse d'informations, nous souhaitons permettre à Daneel d'analyser les émotions du marché à l'aide d'une fonction «Indicateur d'émotion sociale». L’intelligence artificielle recueille les messages postés sur les réseaux sociaux et/ou forums puis les analyse et transmet à l'utilisateur les sentiments en ligne prédominants entourant la crypto-monnaie de leur choix. De cette façon, vous pouvez plus facilement détecter un « pump » ou le doute croissant autour d'une crypto-monnaie. Vous pouvez ainsi être à jour pour chaque décision que vous prenez. En outre, vous pouvez également bénéficier d'indicateurs qui identifient les crytpo-monnaies qui sont les plus citées dans les sources d'information et sur les réseaux sociaux, ainsi que celles les plus recherchées sur Google.
✔️ Définir un score de confiance Notre intelligence artificielle utilisera un algorithme spécialement développé pour calculer un « score de confiance » en analysant les taux de change, les événements récents et les émotions perçues des utilisateurs sur les réseaux sociaux. Ce score, établi sur une échelle de 10, reflétera la fiabilité d'une crypto-devise à un moment donné. Cela donnera aux investisseurs une bonne idée du risque associé à un investissement.
✔️ Accès au rapport analytique détaillé de crypto-monnaie
Besoin d'un rapport complet sur une crypto-monnaie ? Historique, données statistiques, graphiques, organisation de l'entreprise, personnel important, événements récents… Retrouvez toutes ces informations dans un seul document généré chaque jour grâce à notre intelligence artificielle.
✔️ Interaction
Interagir avec Daneel grâce à notre service de conversation. Qu'est-ce qui pourrait être un moyen plus facile d'obtenir de l'information que de simplement le demander ? Pour obtenir les analyses de Daneel, il suffit d'exprimer une demande. L'intelligence artificielle recherche l'information la mieux adaptée à votre recherche et les résultats vous sont alors facilement communiqués. Daneel peut également proposer des actions de choix rapides en réponse à certaines demandes afin de vous faire gagner du temps. Basé sur le principe "Machine Learning", le système apprendra en continu : plus il y aura d'utilisateurs qui poseront des questions, plus il sera capable d'affiner ses réponses et ses résultats. C'est là où que l’on peut voir toute la puissance de l'intelligence artificielle Watson d'IBM !
✔️ GESTION DE VOTRE PORTEFEUILLE
Vous serez en mesure de gérer différents comptes à partir des platesformes d'échange compatibles avec l'application Daneel. Ajoutez votre compte via vos clés API, puis suivez la progression de vos investissements en temps réel. Daneel vous accompagne quotidiennement dans la gestion de vos investissements. Vous serez informé immédiatement si vos investissements fluctuent ou si une nouvelle information est susceptible d'avoir un impact sur l'un de vos investissements ! Vous ne voulez pas utiliser les clés API ? Très simple : dites à Daneel le type et la quantité de chaque crypto-monnaie que vous possédez, et il l'enregistrera dans votre profil personnalisé et vous conseillera exactement de la même manière!
✔️ Passer des ordres en un clic
Grâce à l'API des plateformes d'échanges compatibles avec Daneel, vous pourrez passer des ordres d'achat et de vente immédiats. Vous pourrez ainsi réagir rapidement à toute annonce ou événement important que Daneel partage avec vous !
✔️ Apprendre et étudier soi-même
Particulièrement adapté aux utilisateurs débutants, le service « Education » permet de répondre aux principales questions concernant le secteur et la technologie Blockchain. Plusieurs idées et concepts seront expliqués à l'utilisateur chaque jour, et ils seront en mesure de tester et de valider leurs connaissances grâce à des questions à choix multiples.
✔️ Partager
Trading social et interactions sociales :
En plus de l'aide apportée par notre intelligence artificielle, nous souhaitons intégrer une fonctionnalité appelée « trading social », un service qui permet aux utilisateurs d'observer et de suivre les investissements d'investisseurs expérimentés. Grâce à cela, les traders communautaires les plus populaires peuvent recevoir des jetons DAN en échange de leur participation à l'écosystème Daneel. Afin d'accélérer le développement de Daneel et de mener à bien son projet, l'équipe a mis en place des partenariats au cœur de sa stratégie :
Tout ce que vous devez savoir sur le statut juridique de Daneel et son adhésion au programme IBM Partnerworld
https://medium.com/@daneel_project/all-you-need-to-know-about-daneel-legal-status-and-its-ibm-partnerworld-program-membership-fb0fd5052ecf
Daneel Website https://daneel.io/
Daneel Whitepaper https://daneel.io/whitepapeen/daneel-wp-latest.pdf
Rejoignez la communauté Daneel
https://www.facebook.com/daneelproject
https://twitter.com/daneelproject
https://medium.com/@daneel_project
https://t.me/projectdaneel
Liens importants
https://bitcointalk.org/index.php?topic=2376203
Communauté Daneel : BOITE A SUGGESTION
https://docs.google.com/forms/d/e/1FAIpQLSfKmi6oSeZddinBDWDBnNY23hDK2jnuBJKuAjZyaWaSqJeFmQ/viewform
submitted by Paulo_G to Daneel_Project [link] [comments]

Smart Valor Officially Accepted as a Financial Intermediary

Zug, Switzerland, 5 September 2018 - SMART VALOR AG, a Swiss-based blockchain startup, announced that, following acceptance as a Financial Intermediary by a SRO in Switzerland, it will be launching the VALOR Platform in Q4 2018. The VALOR Platform will be a first global marketplace for tokenized alternative investments.
Founded by CEO Olga Feldmeier, a leading figure in the blockchain space, and security and cryptography expert Dr. Julien Bringer, jointly with two other co-founders, SMART VALOR AG has been developing the VALOR Platform in stealth-mode in the heart of the Swiss Crypto Valley, Canton Zug.
The VALOR platform is the first global marketplace for tokenized alternative investments. It will be launched in two stages. The first stage will be implemented with the public launch of the VALOR Platform scheduled for Q4 2018, which will focus on cryptocurrencies and non-security tokens in accordance with SMART VALOR´s status as financial intermediary. In the second stage, pending regulatory approval, the VALOR platform will expand its offering to asset-backed tokens, such as equity in blockchain companies, blockchain-related infrastructure projects, real estate, crypto funds, venture capital, and private equity funds.
“The mission of the SMART VALOR is to give access to digital assets to people around the world in an easy, secure and compliant way. Beyond native digital assets like cryptocurrencies, tokenization applied to alternative investments can fundamentally transform the way they are issued and distributed today. Most of these investments have previously only been available to a small elite of high-net-worth individuals (HNWI) and institutional investors. Tokenization transforms the way people own things, it improves liquidity, and makes investment opportunities accessible to a broader audience of investors. We utilize blockchain technology to democratize access to wealth,” says Olga Feldmeier CEO of SMART VALOR AG.
SMART VALOR will offer a range of services to asset issuers, such as any type of private company, fund or even real estate developer, including simple issuance of their tokens as well as initial listing and secondary trading on the VALOR Platform with direct access to the global investor audience, once regulatory approvals have been confirmed.
“SMART VALOR will now be able to publicly launch its platform given its recent admission as a member of the Association for the Quality Assurance of Financial Services (VQF), an officially recognized self-regulatory organization (SRO) pursuant to the Swiss Anti-Money-Laundering Act. Through this membership, the company received the status of Financial Intermediary in Switzerland and can start operations in compliance with the Swiss Anti-Money Laundering Act (AMLA) for certain tokenized investments,” said Alexandra Sowa, Head of Legal and Compliance at SMART VALOR AG, who previously served as Regulatory Requirements and Policies expert for various aspects of financial services regulations at HSBC Private Bank and Head of Group Compliance Operations at Zurich Group.
The second stage of the platform roll-out is aimed to introduce security tokens and is planned for the Q2 of 2019. Within the security tokens space, the focus will lie on tokens backed by equity in blockchain companies, infrastructure projects, crypto funds, real estate, and venture capital. SMART VALOR is currently paving the way for this by working on obtaining a banking license.
Olga Feldmeier, who previously pioneered the Bitcoin regulatory solution in Switzerland as Commercial Managing Partner of renowned Bitcoin custodian company Xapo, said: “It is good to see that what we managed to achieve for Xapo has provided the proven path for other cryptocurrency businesses."
Currently, SMART VALOR has 26 full-time contributors with offices in Munich, Paris and Zug, where the majority of its staff is working out of Thomson Reuters Incubator. Out of hundreds of applicants, Thomson Reuters selected SMART VALOR to become one of the five startups to be hosted by the Incubator, benefiting from office space, support, and potential collaboration on several blockchain-related topics. https://smartvalor.com
submitted by karramov to CryptoMangust [link] [comments]

Weekly Wrap 07/06

Market News
This week saw the second major correction in the crypto markets since Bitcoin’s May rally, with traders experiencing harsh volatility amongst choppy price action and market indecision.
Bitcoin found support near $7700 after falling precipitously from it’s $9100 local peak, and ends the week settling near $8000. Most of the top 10 followed a similar pattern, ending slightly down from last week’s highs with the exception of Litecoin, which has gone through a minor rally ending 6% up for the week at $113.
Industry News
Other News, Company Developments
One of our companies, Pocketjam has been part of the first batch of startups in the CV labs incubation program in Zug, Switzerland. The program accepted 12 startups out of 500 applications to be part of a 10-week incubation program and provides seed funding (up to $125k) and access to a network of experts and mentors to build the next generation of blockchain startups.
PocketJam will be presenting the product that they have been developing (an app that incentivizes kids to solve math problems for their pocket money) at an investor pitch session on the evening of the 24th of July at the CV labs offices.
We would like to invite any interested members of the Invictus community to attend the event. The event coincides with the Crypto Valley Blockchain Conference taking place on the 24th-26th of June. If you will be in the area and would like to attend, please contact [email protected] who can assist you with tickets.
To learn a bit more about PocketJam and what they are building, you can check out their blog or watch their promotional video.
A reminder to also make sure you sign up to the latest Invictus Education offering - a course on QTUM. Sign up here and receive $15 worth of QTUM to test for yourself!
submitted by Camaa to cryptotwenty [link] [comments]

Darico – DRC ICO Safe Gold-Hedged Cryptocurrency Investments

What is Darico? Darico, found online at Darico.io, describes itself as “your easy-access gateway to safer cryptocurrency investment.” The company aims to make it easy for ordinary investors to access the enormous potential of cryptocurrencies. You buy a token, then gain exposure to three different assets (gold, bitcoin, and Ethereum) simultaneously.
The pre-ICO for Darico tokens is taking place throughout December. You can purchase tokens during this sale to solidify your position as a genesis node, in which case you get to emit Darico tokens over an 18 year period.
How Does Darico Work? All Darico Coins are purportedly backed with 35% solid gold held in custodial vaults. The remaining percentage of the coin is backed by 55% bitcoin and 10% either. The end result is that you enjoy the high growth potential of cryptocurrencies like Bitcoin and Ethereum while also getting the stability of gold.
Like other gold-backed digital tokens, Darico advertises gold as a safe haven. It’s been treasured for centuries, and it continues to have value to this day. By basing the value of its token on gold and cryptocurrencies, Darico gives investors the best of both worlds. 90% of funds raised during the Darico ICO will go towards buying the bitcoin, Ethereum, and gold that back each Darico coin.
Furthermore, Darico will have genesis accounts that emit new coins on a daily basis for 18 years until they reach a total supply of 240 million (scheduled to occur over 18 years, or by 2036). All Darico genesis account holders will share emissions based on their current holdings. The ownership of genesis accounts is transferable.
You manage your Darico tokens through the Darico wallet. The company also claims to be working on an app. The entire platform is built on the Ethereum blockchain. All funds purchased by the company will be kept in reputable, cold storage, third-party vaults located in Switzerland.
The platform uses Ethereum’s proof of work algorithm for mining. It also uses Ethereum smart contracts to implement the emission protocol. Tokens are emitted through Darico’s “delegated proof of ownership” or dPOO. That smart contract allows Darico genesis accounts (labeled “DRX”) to emit new coins at a specific rate. The genesis account is actually a smart contract executing on the Ethereum virtual machine (EVM).
By the end of 2018, Darico hopes to launch a number of additional products, including a messenger app (Q1 2018), a trading module for that app (Q2 2018), indexes and cryptocurrency pools for the app (Q3 2018), investment funds (Q3 2018), and smart mortgage contracts (Q4 2018).
Who’s Behind Darico? Darico was founded in 2016 in Zug, Switzerland by a man named Mojtaba Asadian (listed as founder and CEO of the company). Asadian is described as a serial entrepreneur, author, and accomplished investor.
He graduated from the University of Wollongong in Dubai. Prior to founding Darico, Asadian was the founder and managing director of Blackhawk Capital Ltd, a London-based capital fund, and the founder and CEO of Alpha & Beta Group, a Dubai-based global consulting firm.
The Darico ICO During the ICO, approximately one third of the total supply of Darico tokens will be issued to early investors. That’s a total of 32.5% of the 240 million total supply (78 million Darico coins). 25% of the 240 million will be made available to the public, and 7.5% (18 million) are reserved for ongoing costs, the team, advisors, and founders.
90% of funds raised during the token sale will go directly into buying the assets for the fund (the Ethereum, bitcoin, and gold). The remaining 162 million tokens (67.5%) will be mined by genesis accounts over the next 18 years. The pre-ICO for Darico tokens continues until the end of December 2017. The exchange rate is set at 1 ETH = 110 DRC during the pre-ICO.
A specific date for the ICO has not yet been set. However, it will take place sometime during Q1 2018.
Darico Conclusion Darico is a unique cryptocurrency investment. The company claims to be putting 90% of funds raised during the ICO to three assets, including gold, bitcoin, and Ethereum. 35% of the funds will be used to purchase gold, while the remainder will go towards bitcoin (55%) and Ethereum (10%). This is designed to expose investors to the high-growth potential of cryptocurrencies while also helping stabilize their investment with the time-honored stability of gold.
What’s the advantage of purchasing Darico tokens from the company instead of just purchasing these assets yourself? I’m not totally sure. The Darico whitepaper mentions several features that may be implemented in the future – including smart contract-based mortgages.
They also heavily promote the idea of “genesis accounts”, which are effectively smart contracts built on Ethereum, and those smart contracts are able to emit Darico tokens at a specific rate. Where does the money to buy new gold, bitcoin, and Ethereum come from? How much gold is linked to each Darico token? I’m not sure. However, the company claims it will issue a weekly proof of reserve to investors.
Ultimately, there are some questions that remain unanswered about the Darico project. However, you can learn more about Darico and decide for yourself by visiting Darico.io online today. The pre-ICO is underway throughout December 2017, with a main ICO taking place early in 2018.
submitted by tuantrang9303 to u/tuantrang9303 [link] [comments]

List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention houseme in the comments. We will make improvements based on your feedback.
 
https://kryptocal.com | /kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal
 

NEXT DAY UPCOMING EVENTS

 
Conferences
Crypto World Zug June 2018
Bitcoinference Conference June 1, 2018
PayPie(PPP) Paypie Q&A June 1, 2018
UFO Coin(UFO) Peter Bushnell AMA June 2018
AMLT Token(AMLT) Mention at DisruptionBank June 2018
Peculium(PCL) Chief Data Officer Europe June 2018
Particl(PART) Particl Community AMA June 1, 2018 5:00 PM - 11:59 PM
 
Bounty Programs
Dividends June 1, 2018
Pandacoin(PND) Bounty Program June 1, 2018 [Possible Date]
Nexo(NEXO) Announce Dividends Info June 2018
 
General
Velox Roadmap Update June 2018
Community Support May June 1, 2018
Dash(DASH) Dash (DASH) Mainnet Release June 1, 2018
EOS(EOS) Global Hackathon June 1, 2018
Lisk(LSK) 17 New Team Members June 1, 2018
BitConnect(BCC) BitConnect (BCC) BitStore June 1, 2018
Zcash(ZEC) Zcash (ZEC) Network Upgrade 0 June 1, 2018
Stratis(STRAT) Breeze Privacy Protocol June 1, 2018
Dragonchain(DRGN) Dragonchain (DRGN) Commercialized Dashboard & Marketplace June 1, 2018
FunFair(FUN) License in Great Britain, Malta and Gibraltar June 1, 2018 [Possible Date]
Kyber Network(KNC) Rebranding June 2018
PACcoin(PAC) PACcoin (PAC) - 1st Redemption Window Closes June 1, 2018
GameCredits(GAME) New Features June 1, 2018
IoT Chain(ITC) 12.65M tokens added June 1, 2018
WaBi(WABI) WaBi (WABI) Walimai Masternodes Launch June 1, 2018
HempCoin(THC) Whitepaper June 1, 2018
Wagerr(WGR) Wagerr (WGR) Challenge Rematch June 1, 2018
Shift(SHIFT) Shift (SHIFT) Cross-Chain Automation June 1, 2018
Loopring(LRC) Open source ring-mining software June 1, 2018 [Possible Date]
Datum(DAT) Datum (DAT) Datum Platform Launch June 1, 2018
DomRaider(DRT) DomRaider (DRT) Archos "Safe-T Mini" Device June 1, 2018
Expanse(EXP) June 1st Newsletter June 1, 2018
Hive(HVN) Hive Platform Launch June 1, 2018
Phore(PHR) Segwit Launch June 1, 2018 [Possible Date]
MyBit Token(MYB) MyBit Token (MYB) Built in Decentralised Asset Exchange June 1, 2018
Solaris(XLR) Crypto Payments Integration June 1, 2018
LUXCoin(LUX) Release LUXGATE & PMN June 1, 2018 [Possible Date]
Rupee(RUP) Relaunching Rupee 2.0 June 2018
BitBoost(BBT) Decentralised Marketplace Launch June 1, 2018
Pure(PURE) Pure (PURE) New Platform June 1, 2018
DigiPulse(DGPT) Digipulse Goes LIVE June 1, 2018
Interstellar Holdings(HOLD) Exchange Launch June 1, 2018 [Possible Date]
The Cypherfunks(FUNK) Coin Swap June 1, 2018 12:00 AM - August 1, 2018 11:59 PM
Authorship(ATS) Authorship (ATS) Official Project Launch June 1, 2018
Sugar Exchange(SGR) SugarBot Update June 1, 2018 [Possible Date]
eBitcoinCash(EBCH) eBitcoinCash (EBCH) Coinpulse Exchange June 1, 2018
EagleCoin(EAGLE) New Name Announcement June 1, 2018
Speedcash(SCS) Own Payment Gate June 1, 2018
BlazeCoin(BLZ) Lovelace Release June 1, 2018
CFun(CFUN) Product Launch June 1, 2018
United Traders Token(UTT) United Traders Token (UTT) Cryptocurrency Dark Pool Launch June 1, 2018
IOStoken(IOST) Public Testnet Launch June 1, 2018
KB3Coin(KB3) B3Coin (KB3) Segwit June 1, 2018
Zilliqa(ZIL) Public Mainnet Launch June 1, 2018
Iungo(ING) Iungo (ING) Platform Alpha June 1, 2018
Loom Network(LOOM) SDK Beta Release June 1, 2018
Pundi X [NEW](NPXS) Expanding To Markets June 1, 2018
Medicalchain(MTN) Edinburgh MedTech Hackathon June 1, 2018 6:00 PM - June 3, 2018 8:59 PM
Linda(LINDA) Whitepaper & Roadmap June 2, 2018
Veros(VRS) Atlas MyVote Presentation June 2, 2018
Ontology(ONT) Unknown Surprise June 2, 2018
 
Software/Platforms
Velox Roadmap Update June 2018
Velox Roadmap Update June 2018
Velox Roadmap Update June 2018
Velox Roadmap Update June 2018
Velox Roadmap Update June 2018
Velox Roadmap Update June 2018
Velox Roadmap Update June 2018
Velox Roadmap Update June 2018
Velox Roadmap Update June 2018
Ethereum Classic(ETC) Emerald Mobile Wallet June 1, 2018
Siacoin(SC) V1.3.3 Video Support June 2018
VeChain(VEN) Testing & Code Open June 2018
Dent(DENT) DENT Exchange WebApp June 1, 2018 [Possible Date]
Komodo(KMD) Atomic DEX QT Lite Release June 2018
Bytom(BTM) Mainnet Swap, PoW Support June 2018
Time New Bank(TNB) Mainnet Launch June 2018
Achain(ACT) Light PC Wallet June 1, 2018
Vertcoin(VTC) Vertbase Launch June 1, 2018
Dynamic Trading Rights(DTR) Dynamic Trading Rights (DTR) Mobile App Beta June 1, 2018
SHIELD(XSH) PoS ROI Fixed June 2018
Etherparty(FUEL) Mobile App Release June 1, 2018
LBRY Credits(LBC) Fiat and Coinbase LBC Payment Gateway In-App June 1, 2018
Spectrecoin(XSPEC) Wallet v2.0 June 1, 2018 [Possible Date]
Mysterium(MYST) Roadmap June 2018
MinexCoin(MNX) MinexCoin (MNX) Web & Mobile Wallet June 1, 2018
Elixir(ELIX) Elix Mobile App Public Release June 1, 2018 [Possible Date]
Paragon(PRG) Mobile App and Wallet Release June 1, 2018 [Possible Date]
ALQO(ALQO) Liberio Release June 2018
Innova(INN) Roadmap June 1, 2018
UFO Coin(UFO) Core Update 0.16 June 2018
Renos(RNS) Android Wallet Release June 2018
Ergo(EFYT) Ergo Testnet V1 June 1, 2018
Capricoin(CPC) CPChain Open Source Pdash June 2018
SagaCoin(SAGA) SagaCoin (SAGA) Mobile & Web Wallets Release June 1, 2018
Pioneer Coin(PCOIN) PCoin iOS Wallet June 1, 2018 [Possible Date]
Veros(VRS) [Wallet Development](https://kryptocal.com/event/21292
 
There are more events but this message got too long
submitted by cryptocalbot to CryptoMarkets [link] [comments]

How To Trade Bitcoin Cryptocurrency for Beginners - YouTube Still Bullish? Bitcoin Analysis 2020! Short, Mid & Long Term Strategies! - Bitcoin Beats I Tried Day Trading Bitcoin for a Week  Beginner Crypto ... GIANT BITCOIN BULLFLAG! Mid Term Bitcoin Price Prediction! (XRP + ETH) THIS BITCOIN MOVE WILL BE HUGE! Bitcoin Analysis 4th July 2020! Short, Mid, Long Term Strategies!

The firm will provide FX trading services using cryptocurrencies as a base currency to interested users. Some of the coins available will be Bitcoin (BTC) and Ethereum (ETH). the virtual currency created by the firm, TIOx, will also be available for the FX platform. TIOx users will be receiving a discount on the commission every time they trade. Zug, the capital of Swiss canton Zug, is a remarkable town. With just 23,000 inhabitants, the city is home to around 12,000 companies. It is known as the tax haven of Switzerland and has attracted some of the world’s biggest commodity traders. In Crypto-Land, Zug is also famous as the Swiss ‘Crypto Valley‘. Bitcoin Suisse is a pioneer and highly experienced global market leader in crypto-financial services to private and institutional clients founded in 2013. Bitcoin Suisse Announces Precious Metals Trading. May 26, 2020. Bitcoin Suisse Vault Adds Support for Tezos Custody and Delegation City of Zug accepts Bitcoin, as the first public About Us. Founded in 2013, Bitcoin Suisse AG pioneered crypto-financial services. It has helped to shape the crypto- and blockchain-ecosystem in Switzerland and has been a driving force in the development of the 'Crypto Valley' and 'Crypto Nation Switzerland'. Bitcoin Payments a ‘Worthwhile Experiment’ Early May this year, Zug City Council decided to place bitcoin payment system on a pilot program to test the feasibility of bitcoin payments for municipal services. At current, the program has been used only by a dozen customers, allowing them to make train ticket payments with bitcoin up to 200 Swiss Francs’ worth.

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How To Trade Bitcoin Cryptocurrency for Beginners - YouTube

Get an additional $10 in Bitcoins from Coinbase when purchasing through my referral link http://fredyen.com/get/Bitcoins Here is a quick beginner's guide on ... http://bitcoin-informant.de/index.php/2017/01/16/011-bitcoin-informant-crypto-valley-zug-japan-bitcoin-trading-bitcoin-universitaet/ ‎ Hey Bitcoin Fans, Will... A short introduction to what bitcoin is and how it works. In this session, designed for dummies and beginners, we explain to you the history and the future of the Bitcoin. The giant of all ... Bitcoin will crash 75% soon in 2020 before the 2021 BTC bull run can begin! price targets, TA & NYSE - Duration: 29:11. OPTICALARTdotCOM Recommended for you 29:11 Top 5 Reasons Why Bitcoin Will Hit 20k Again Very SOON - Duration: 8:50. Chico Crypto 23,872 views. ... Best FX Trading Strategies (THE Top Strategy for Forex Trading) - Duration: 32:00.

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