DowBit - Daily Press News

[DowBit]

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I'm starting a new project! Everyday I will post the most important news from the cryptocurrency world, so that we can gather all informations in one place and talk about it. If it is not enough for you, for more cryptocurrency news visit my facebook fanpage: https://www.facebook.com/Dowbit/


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Cryptocurrency news – August 21

1. Enigma ICO hacked – $500 000 stolen

2. Monero significant gain in value

3. Lightning Network tomorrow?

4. Russian mansion on sale for 3000 BTC

1. The ICO hackers are at it again. Enigma, a de-centralized platform that’s preparing to raise money via a crypto token sale, had its website and a number of social accounts compromised with the perpetrators netting nearly $500,000 in digital coin. The hacker posted Slack messages, altered the website and spoofed emails to a community list which were made to look official and urged money to be sent to their crypto wallet. That’s despite the Enigma team having warned its community that it would not collect money in this way prior to the ICO next month. It’s yet another painful lesson to be very cautious with ICOs and cryptocurrency investments.
Source: TechCrunch

2. Bitcoin Cash is not the only currency which value rapidly increased lately. Similar situation occurred with Monero which rose from around $50 yesterday to nearly $90. One of the supposed reasons of the appriciation is said to be announcement by Bithumb, one of the largest Asian cryptocurrency exchanges, that users will be able to trade XMR starting August 27.
Source: Coinmarketcap

3. Lightning Network transactions will be available for Bitcoin from tomorrow, rumors are suggesting. Lightning Network is next major milestone in BTC development and is believed to provide “trustless instant nearly zero-fee transactions,” “scaling to billions of users” and “thousands of new apps.” Although this information is still unsourced, experience so far shows that even such news can have great impact on cryptocurrency prices.
Source: CoinTelegraph

4. The Moscow-based real estate company, Kalinka Group, announced last week “the first case in Russia for selling an elite house for bitcoins.” A country mansion with an area of 930 square meters has been put up for sale at the price of about 3,000 bitcoins. The house is located in the village of Nikolino, west of Moscow. However, the lack of legal classification for digital currencies complicates the treatment of bitcoin in the sale.
Source: news.bitcoin.com

See you tomorrow!

[agk@Tlind.ru]

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[DowBit]

Cryptocurrency news – August 22

1. Bitcoin Cash commands over 20% of BTC hashrate

2. John McAfee: Bitcoin is not a bubble and will grow

3. Asus introduces new motherboard for miners – 16 GPUs

4. Banks do not meet AML and KYC requirments

1. Bitcoin Cash (BCH) network got a lot more active as the large mining pool Antpool has pointed some of its hashrate towards the BCH chain. According to data, the forked chain’s hashpower has spiked exponentially, and BCH hashpower is roughly a quarter (approx. 2 exahash) of the BTC. Antoppol joined BTC.com and Batpool and currently six ‘known’ mining pools are mining the BCH chain, and the ‘unknown’ hashrate is currently mining less than 50 percent of the network which improves security of the blockchain.
Source: news.bitcoin.com

2. John McAfee, famous mostly for his eponymous anti-virus software, was interviewed by Russian television network RT. During the interview, he explained why Bitcoin is not a bubble and forecast that it will continue to grow while fiat currencies value will decrease. What is more, according to him blockchain is the most powerful technology since the invention of agriculture. Do you agree with McAfee?
Source: RT

3. Computer hardware maker Asus has revealed a new motherboard with features geared specifically toward cryptocurrency miners. The new motherboard can support up to 16 GPUs and is powered by 3 24-pin connectors allowing utilization of multiple power supply units. While the product's release date and price aren't known yet, it nonetheless represents the latest signal that the mainstream hardware industry is expanding its cryptocurrency footprint. 2 months ago Taiwanese manufacturer introduced GPUs dedicated for mining based on both AMD and Nvidia chips.
Source: Coindesk

4. Recently there have been many examples of new regulations which cryptocurrency exchanges have to comply if they want to continue operating in the most developed markets. It would seem however that supposed role models – banks fail to meet government requirements. An investigation led by Australian Transaction Reports and Analysis Centre (AUSTRAC) to one of Australia’s major banks, Commonwealth Bank of Australia (CBA), has revealed the deficiencies of the country’s banks regarding compliance with the know-your-customer (KYC) and anti-money laundering (AML) requirements of the law. What is more, Australian Bankers’ Association claimed that the country’s banks are lagging behind their global counterparts in terms of investments in regulatory compliance.
Source: CoinTelegraph

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[DowBit]

Cryptocurrency news – August 23

1. IRS is tracking Bitcoin transactions

2. China exchanges invest users funds

3. 50 Japanese exchanges filed for registration

4. BitMixer admin suggests switching to Monero

1. The Internal Revenue Service is using bitcoin transaction tracing tools developed by startup Chainalysis, according to a new report. The tax agency has been using the startup's software since 201 has paid Chainalysis more than $88,000. According to the IRS "This is necessary to identify and obtain evidence on individuals using bitcoin to either launder money or conceal income as part of tax fraud”. This is not the first time agency deals with BTC – it also wants to obtain Coinbase customer data using similar argumentation.
Source: Coindesk

2. It has come to light that two of China’s largest Bitcoin exchanges, Huobi and OKCoin, have been using idle client funds to make investments in “wealth management products“ which are often high-yielding and risky. Collectively over one billion yuan ($150 million) of client funds was used without permission. People’s Bank of China had been investigating and clamping down on Bitcoin trading in recent months and earlier in the year it issued warnings about Huobi and OKCoin.
Source: CoinTelegraph

3. The Japanese Financial Services Agency (FSA) has revealed that about 50 bitcoin exchanges have filed registration documents with the agency, according to a local publication. They are now being reviewed for compliance. In April, the Japanese government amended its fund settlement law to recognize bitcoin as a legal means of payment, putting the FSA in charge of digital currency. Bitcoin exchanges are then required to register with it until the end of September.
Source: news.bitcoin.com

4. Former BitMixer.io operator recommends people switch to Monero if they want privacy. A growing number of cryptocurrency users are looking for more privacy and anonymity. For the people who have Bitcoin in their portfolio, that is not an easy task – IRS using tracking tools being just one example. Fortunately, there are cryptocurrencies out there that focus on privacy and anonymity and XMR is one of the most established. The BitMixer.io admin feels Monero is the “best privacy currency”.
Source: NewsBTC

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[DowBit]

Cryptocurrency news - August 24

1. SegWit activated – what’s next?

2. Future of Bitcoin and Bitcoin Cash

3. Floyd Mayweather promotes ICO again

4. Russia plans to run national cryptocurrency

1. SegWit has been activated. After many months of debating, various solution proposals and doubts, the highly anticipated improvement has come to life. Does this mean, that average Bitcoin users will experience any benefits? In wide perspective – undoubtedly, however for now they still have to wait.
Source: http://dowbit.com/segwit-opens-new-path ... ther-bitco…/

2. Thanks to a big increase in the speed of block development and a rather low number of issues, the BCH community very quickly managed to create required 2016 blocks. Another block difficulty adjustment has taken place. Now Bitcoin Cash will be more difficult to mine and less profitable than BTC. Mines temporarily abandoned Bitcoin Cash, leading to a 6 hour block time.
Source: http://dowbit.com/future-of-bitcoin-and-bitcoin-cash/

3. Floyd Mayweather strikes again with another ICO promotion. The boxer a few days before his 50th professional fight, promoted ICO Hubii Network, a blockchain based idea content marketplace. Floyd Mayweather Jr on Instagram and Twitter called himself “Floyd Crypto Mayweather”, making the “CryptoMediaGroup” hashtag extremely popular. Stox – the idea promoted by Mayweather in June, has collected $30 million.
Source: http://dowbit.com/floyd-mayweather-jr-i ... ng-another…/

4. Russian First Deputy Prime Minister, Igor Shuvalov, has announced once again Russian plans to create a national cryptocurrency. During the conversation with local news RBC about the potential creation of “BitRubla”, Shuvalov mentioned, that they are already looking for possible security loopholes. Deputy Minister also highlighted that the introduction of digital currency into the Russian economy wouldn’t endanger its stability.
Source: http://dowbit.com/russia-plans-to-enter ... tocurrency…/

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[DowBit]

Cryptocurrency news – August 29

1. Bitcoin payments in Uber?

2. Gazprom discussing with miners

3. Venezuelans make their living by crypto mining

4. “Ghosts month” to blame for reduced investors activity?

1. As reported by Bloomberg, Uber Technologies Inc has chosen CEO of Expedia Inc, Dara Khosrowshahi as their new CEO. Khosrowshahi started his work as a CEO of Expedia in August of 2015, helping the company to enter a new market in over 60 countries worldwide. He was was the one to introduce Bitcoin payments to the Expedia platform. Will Uber become another company accepting Bitcoin payments?
More: http://dowbit.com/uber-may-welcome-bitcoin/

2. As Russian government’s views regarding cryptocurrencies keep changing, the largest power plants in the country started to provide energy to Bitcoin miners. Daily Storm reports, that the largest Russian power providers, Gazprom and EuroSibEnergo, are discussing with a group of miners. It is supposed to be a way to obtain a cheap source of energy, which will provide a competitive advantage for Russian Bitcoin miners.
More: http://dowbit.com/russian-miners-to-gai ... tive-advan…/

3. An increasing number of Venezuelans decide to mine cryptocurrencies to make their living. The hyperinflation in Venezuela suddenly started to increase at the end of August and locals are having issues with fulfilling their basic needs. Another reason for the increased interest in mining is the very low cost of power. Based on various reports it can be deduced that a Bitcoin miner in Venezuela having multiple mining computers, can earn up to $500 a month.
More: http://dowbit.com/venezuelans-mining-bitcoin/

4. Virtual currencies such as NEO, OmiseGo or TenX have recently noted a significant reduction in traffic in comparison with the previous periods of time. It is commonly thought to be a „Ghosts Month” in countries that most of the investors come from. In the year 2017, the „Ghosts Month” takes place between the 22nd of August and the 19th of September. Countries that are affected are China, which is the base market of NEO, Japan, which is the headquarters of OmiseGo, and Singapore, where TenX originates out of. People in these countries believe that this is an especially unfavorable time for investments.
More: http://dowbit.com/hungry-ghosts-cause-o ... ion-on-asi…/

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[DowBit]

Cryptocurrency news – August 30

1. ICO regulation in China – cause of NEO’s dip?

2. Bitcoin and Dash are helping “Harvey’s” victims

3. Bitcoin is commodity not currency- a new approach in Mexico?

4. Luxembourg warning about OneCoin

1. Regulatory actions regarding cryptocurrencies are becoming increasingly powerful. Recently more and more institutions, such as American SEC, intensify their work on regulating ICOs, which is being treated more as securities. Chinese central bank also considers regulating ICOs, and effects can already be seen on the market. As Red Pulse blocks Chinese investors, NEO experiences a significant depreciation.
More: http://dowbit.com/ico-regulation-in-chi ... -neos-dip/

2. Danny Sessoms who has a radio channel about cryptocurrencies in Austin, along with Unsung.org created a platform collecting fund for victims of the hurricane. During his radio audition, he announced that Dash and Bitcoin will be accepted. Accumulated capital will allow purchasing basic goods for victims.
More: http://dowbit.com/bitcoin-and-dash-are- ... s-victims/

3. The director of a Mexican Central Bank (Banco de Mexico) – Agustin Carstens thinks that Bitcoin should be classified as a commodity rather than currency. Carstens claims that Bitcoin doesn’t match the basic definition of currency because it is not controlled or supported by any government or central bank.
More: http://dowbit.com/bitcoin-is-commodity- ... in-mexico/

4. Regulators in Luxembourg published a warning for OneCoin investors. OneCoin is a company that released a digital currency and a range of products around that. The company is widely accused of financial frauds, even though they declare transparency and security.
More: http://dowbit.com/luxembourg-warning-about-onecoin/

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[DowBit]

Cryptocurrency news – August 31

1. Road to Metropolis – future of Ethereum

2. Moscow Stock Exchange plans to trade cryptocurrencies

3. People’s Bank of China on delegation in USA

4. Australia plans to regulate Bitcoin


1. Recent announcements from the Ethereum core dev team have answered some questions and laid out a roadmap for the Metropolis hard fork, feeding user speculation on the future of the world’s second most popular cryptocurrency.
More: http://dowbit.com/road-to-metropolis/

2. In the nearest future, Moscow Stock Exchange wants to start trading cryptocurrencies. The exchange will also allow trading derivatives and exchange-traded funds (ETF) based on various cryptocurrencies. Moscow exchange currently works on creating suitable infrastructure allowing to exchange Bitcoins and other cryptocurrencies. Such move took place one Russia seemingly forbade average people to buy cryptocurrencies.
More: http://dowbit.com/moscow-stock-exchange ... urrencies/

3. People’s Bank of China (PBOC) visited Coinbase and Ripple during its delegation in USA. The delegation concerned significant matters related to cryptocurrencies. A local weekly newspaper, Sohu reports, that visits in various startups in San Francisco was a part of a mission, aiming to help to understand American attitude towards Blockchain regulations.
More: http://dowbit.com/peoples-bank-of-china ... on-in-usa/

4. The Australian government believes that it’s high time to start fighting with increasing organized crime. According to ACIC’s report, Bitcoin and altcoins are widely used by criminals and had a significant contribution in increased lawlessness.
More: http://dowbit.com/australia-plans-to-regulate-bitcoin/

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[DowBit]

Cryptocurrency news – September 4

1. China might ban ICOs

2. BTC mining banned in Russia?

3. Crypto investments vs stock investments

4. Ukraine regulates cryptocurrencies

5. Free Dash conferences in Venezuela

1. Reportedly, the Chinese government has made a decision regarding regulating ICOs. According to Caixin’s report, even though there has been no official statement from the Chinese government, it is expected that ICOs are perceived as violating already existing laws for accumulating funds. Due to that news, a conference dedicated to ICOs in Beijing, which was supposed to take place on 2nd of September, has been canceled.
More: http://dowbit.com/china-might-ban-ico/

2. Bitcoin and other cryptocurrencies don’t have easy lives in Russia. Although no official regulations have been introduced, the inconsistent statements of people in power definitely aren’t building trust. Currently forbidding mining Bitcoin in private households is in consideration. At the same time, the largest electricity providers in the country are discussing with miners, how to make the mining process more competitive in Russia.
More: http://dowbit.com/mining-bitcoin-russia-banned/

3. For many traditional stock exchange investors, a word “cryptocurrency” is a synonym of “gambling”. The truth is, assets like Bitcoin or other digital currencies have a very speculative and volatile nature. Investors usually try to estimate the potential growth rate before investing their capital. They usually use financial reports, fundamental analysis as well as analysis of the company’s environment. Unfortunately, the real value of cryptocurrencies is almost impossible to estimate, due to the young age of companies and the whole market.
More: http://dowbit.com/do-cryptocurrency-inv ... have-anyth…/

4. During the meeting at the end of August 2017, the government attempted to determine the legal status of digital currencies such as Bitcoin. Ministers agreed to make the actual decision in 3 weeks time. According to Parliament’s People’s Deputy, Oleksander Danchenko, ministers will cooperate with The Ministry of Finance, National Bank of Ukraine, the Verkhovna Rada and the blockchain community, to solve the issue.
More: http://dowbit.com/ukrainian-government- ... -cryptocur…/

5. Twelve free conferences in Venezuela are to be sponsored by Dash, starting in September and taking place until the end of the year. The idea of these events is an increase of knowledge about virtual currencies (especially Dash) amongst Venezuelans. Increasing hyperinflation caused the popularity of Bitcoin and Ethereum to rise – these two seem to be more effective in terms of value than Venezuelan Bolivar.
More: http://dowbit.com/free-dash-conferences-in-venezuela/

You can find more information on my web page - http://dowbit.com/

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[DowBit]

Cryptocurrency news – September 5

1. ICO banned in China

2. New virtual threat – Trickbot

3. Singapore, perfect place for ICOs

4. Pyszne.pl introduces BTC payments

1. ICOs officially was forbidden in China. Seven institutions, responsible for Chinese law regulations, released a statement explaining causes of forbidding capital accumulation through a token sale. In the announcement, it has been clearly stated that since the moment of publication of the statement, all activities related to releasing new currencies shall cease immediately.
More: http://dowbit.com/ico-banned-in-china/

2. The Trickbot has become quite a hot topic, due to recent attacks targeted at financial sectors. It threatens banks from around the world, penetrating their systems through marketing campaigns. Trickbot is a computer virus, more precisely a Trojan, which significantly hinders anti-spam campaigns in USA, Australia and Great Britain. Researchers claim, that the virus has already been operating for a few months, but just recently its attacks grew in power, by exploiting a huge marketing campaign created for a new season of Narcos.
More: http://dowbit.com/new-virtual-threat-ta ... urrencies/

3. The city-state of Singapore gradually becomes the favorite location for Blockchain related startups, which would like to release their own ICO. Singapore has been the center for startups for a long time, due to factors such as: favorable tax regulations, light-touch rules and state funding. In the past, the lion city was the home of many successful ICOs.
More: http://dowbit.com/singapore-is-the-perf ... -own-icos/

4. The Polish website cooperating with restaurants and allowing users to order food online has introduced a new payment method.It’s important to note, that this is not the first innovation introduced by the portal. They’ve already introduced new options for the mobile app Android Pay. You can, therefore, pay on the website with a credit card, bank transfer, PayPal, PayU, Sofort Banking, and recently also BitCoin.
More: http://dowbit.com/pyszne-pl-introduces- ... -payments/

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[DowBit]

Cryptocurrency news – September 6

1. Apartments for bitcoins in Dubai

2. Korea will restrict ICOs as well?

3. Maersk continues testing blockchain in transport

4. Blockchain will increase Nvidia profits

1. Michelle Mone, a lingerie tycoon, along with her partner, Doug Barrowman launched a property development project in Dubai worth 250 million pounds. Offered luxury apartments will be available to purchase in Bitcoins.
More: http://dowbit.com/apartments-for-bitcoins-dubai/

2. In September 2017, a meeting was held aiming to tighten up regulations in South Korea regarding cryptocurrencies, including Bitcoin. The task group included the country’s central bank, financial oversight authorities, and companies dealing with cryptocurrencies. Matters discussed were strengthening user verification procedures on exchanges, and a system of reporting “suspicious” transactions used in banks for cryptocurrency transactions.
More: http://dowbit.com/south-korea-will-restrict-ico/

3. The Danish shipping giant Maersk continues to test Blockchain technology in its business. So far they have completed a 20 week trial period of freight insurance using the technology. As Fortune reports, Maersk with Microsoft and Ernst & Young are developing the possibilities offered by Blockchain in data management in the insurance sector.
More: http://dowbit.com/blockchain-based-solu ... opularity/

4. As various big companies are considering an implementation of the Blockchain technology to their systems, Nvidia might be looking at a serious financial improvement. Corporations such as IBM and Samsung, in order to develop their own projects, currently employ more Bitcoin and Blockchain experts than ever before.
More: http://dowbit.com/increasing-demand-for ... s-profits/

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[DowBit]

Cryptocurrency news – September 7

1. Russian investment fund FinShi Capital investing in ICOs

2. ICO ban in China only temporary?

3. Binance drops out from China

4. GreenAddress – the first mobile wallet with SegWit

1. Russian investment fund FinShi Capital, announced that they will be investing in ICO projects of value up to $1 billion. The target investors are members of Russian “Silicon Valley” Skolkovo. The project has already received support from a recently created Russian Blockchain and Cryptocurrency Association (RABIK), founded by Putin’s advisor, Hermana Klimenko.
More: http://dowbit.com/russian-investment-fu ... -capital-w…/

2. The confusion around the ICO in China is slowly falling. After last week rumors about regulations, on Monday the Chinese authorities officially declared ICO illegal. However, yesterday during an interview for the national television CCTV-13, Hu Bing from the Institute of Finance and Banking in China, said that the Chinese government does not rule out the reinstatement of ICO in the country. Such a move would be preceded by the establishment of special licenses for new tokens.
More: http://dowbit.com/is-the-ico-ban-in-chi ... temporary/

3. A Chinese cryptocurrency exchange, Binance announced that: “in the nearest future, the exchange will limit Chinese IP addresses’ ability to trade on the platform. Users from China will still be able to withdraw their funds.” Since yesterday, Binance suspended trades and deposits of HCC, LLT, ELC, BTM and YOYO. It is still possible to withdraw funds from the exchange.
More: http://dowbit.com/binance-drop-out-from-china/

4. GreenAddress is the first mobile wallet with SegWit. Last week, popular hardware wallets, Trezor and Ledger already implemented the new functionality. However a large part of Bitcoin users doesn’t use physical wallets and have to wait for the new version of their current wallets.
More: http://dowbit.com/greenaddress-first-mo ... et-with-se…/

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[DowBit]

Cryptocurrency news – September 11

1. South Korea: Bitcoin cannot be confiscated

2. The cryptocurrency mining industry is flourishing in Venezuela

3. Russia is developing regulation for cryptocurrencies

4. Estonia will not have own cryptocurrency?

5. Equifax data has been stolen, hackers demand 600 BTC

1. The Korean police seized 216 Bitcoins from a person suspected of illegal activity using the cryptocurrency. However, the local court decided that the seizure of funds was unjustified. This is a landmark precedent, which means that cryptocurrencies like Bitcoin cannot be confiscated.
More: http://dowbit.com/bitcoin-cannot-be-confiscated/

2. Venezuela is home to one of the worst hyperinflation in the world since the Weimar Republic. Venezuelans have found a great way to avoid hyperinflation. They started using Bitcoin as an alternative to the current payment system. Venezuelan miners, using their cryptocurrency miners, had a significant impact on achieving Bitcoin’s high price.
More: http://dowbit.com/venezuelan-cryptocurr ... -industry/

3. Russia is in the middle of legitimizing cryptocurrencies. The Russian Minister of Finance, Anton Siluanov, has shared this information recently on a financial forum in Moscow. Siluanov assures Russian users of Bitcoin and other cryptocurrencies, that the government will not prohibit or punish people for the usage of cryptocurrencies.
More: http://dowbit.com/russia-is-developing- ... n-for-cryp…/

4. The news that Estonia wants to create their own cryptocurrency reached Mario Draghi, the president of the European Central Bank (ECB). Draghi quickly pointed out that a national currency will not work in the euro zone and stated that no member state can introduce its own currency; the currency of the euro zone is the euro.
More: http://dowbit.com/estonia-will-not-have ... ocurrency/

5. The recent hacker attack on Equifax systems has caused widespread concern among many Americans. During the attack, as many as 143 million of people’s private data was stolen. Hackers demand 600 bitcoins in exchange for deleting stolen data. This amount of BTC is currently worth approximately $2.6 million. On their website on the darknet, criminals report that Equifax has until 15th of September to send funds. Otherwise, all stolen data will be leaked.
More: http://dowbit.com/equifax-data-has-been ... ackers-dem…/

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[DowBit]

Cryptocurrency news – September 13

1. North Korea responsible for attacks on exchanges?

2. JPMorgan CEO says Bitcoin is a fraud

3. Rootstock launch this year

4. Bitfinex – problems with hundreds of login notifications

1. North Korea has been mentioned more than once as a potential source of large hacker attacks. Cybercriminals are supposed to operate there with the consent or even state support. According to a FireEye report, recent phishing attacks on the South Korean cryptocurrency exchanges may come from North Korea.
More: http://dowbit.com/north-korea-responsible-attacks/

2. Jamie Dimon, President of JPMorgan Chase, at a conference organized by CNBC on Tuesday, said that Bitcoin, as well as the entire cryptocurrency market, is one big fraud. According to Dimon, this is only a matter of time when governments are going to start regulating cryptocurrencies. Governments are primarily money creators. Bitcoin is currently treated only as a technological innovation.
More: http://dowbit.com/jpmorgan-ceo-says-bitcoin-is-a-fraud/

3. Last Monday, a special edition of Warsaw Block was held by Coinfirm. Ruben Altman (COO of Rootstock) has introduced the Rootstock project (RSK) and its plans for the future. Rootstock is a platform for building and enforcing smart contracts. At first glance, the idea is close to Ethereum, but RSK operates on Bitcoin’s blockchain.
More: http://dowbit.com/rootstock-launch-this-year-says-coo/

4. It would seem that Bitfinex exchange users are experiencing an interesting bug. Reports suggest hundreds of login notifications flooding their emails. So far, Bitfinex hasn’t addressed this issue.
More: http://dowbit.com/bitfinex-problems/

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[DowBit]

Cryptocurrency news – September 14

1. BTCChina exchange will stop all trading

2. John McAfee responded to Jamie Dymon’s arguments

3. India will have its own cryptocurrency

4. British FCA advises cation with regard to ICOs

1. One of the most popular Chinese exchanges – BTCChina Exchange announced that it will stop all trading on September 30. The decision was caused by latest Chinese regulations which also banned ICOs. BTCC is also not the first exchange affected by recent regulatory actions – Binance announced earlier that it will drop out of China.
More: http://dowbit.com/btcchina-exchange-wil ... l-trading/

2. John McAfee, a controversial millionaire and creator of one of the most popular anti-virus systems, decided to respond to JPMorgan’s president calling Bitcoin a fraud. John states that Bitcoin is consistently growing and being used to an increasing extent, giving it real value. It is perfectly normal that sometimes the price rises and sometimes it decreases. This applies to virtually all new technologies. “It is certainly not a fraud”adds McAfee.
More: http://dowbit.com/john-mcafee-responded ... arguments/

3. The Central Bank of India is considering a cryptocurrency as an alternative to the Indian Rupee. The executive director, Sudarshan Sen, voiced his fears of unregulated cryptocurrencies, like Bitcoin during the India FinTech Day conference. Even though Sen hinted at the possible blockchainization of the rupee, there are no official statements from the RBI confirming this information, as a long term strategy.
More: http://dowbit.com/india-will-have-its-o ... ocurrency/

4. British Financial Conduct Authority (FCA) released new guidelines regarding ICOs, urging to be aware of the dangers. In one of the more reserved statements about the phenomenon of rising investments, FCA restrained themselves from any suggestions that certain systems might have legal issues. Avoiding collective laws regarding tokens, FCA follows the principle of U.S. Securities and Exchange Commission (SEC), which aims to consider every ICO scheme separately. More: http://dowbit.com/british-fca-advises-c ... th-regard-…/
More: http://dowbit.com/british-fca-advises-c ... d-to-icos/

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[DowBit]

Cryptocurrency news – September 15

1. ViaBTC will close operations on September 30th

2. Fujitsu and JBA are testing blockchain in banking

3. How to avoid scam ICOs – part 2

1. After yesterday’s announcement of BTCC, today ViaBTC announced that they will be closing all their operations in Mainland China on 30th of September. ViaBTC, BTCChina and Binance are not the only exchanges affected. OKCoin has just announced that it will delist BTC and LTC futures. More: More: http://dowbit.com/viabtc-will-close-ope ... september/

2. Fujitsu, the biggest Japanese hardware, and IT services company is undertaking a partnership with the Japanese Banking Association (JBA). The purpose of that cooperation testing the viability of conducting financial services on the blockchain platform. Alongside with the new project, Fujitsu will provide a blockchain platform, built on the open source codebase Hyperledger Fabric.
More: http://dowbit.com/fujitsu-together-with ... g-systems/

3. Sometimes the desperate efforts of the founders to legitimize the scam project lead to almost comical results. DeClouds proposed to buy precious metals with the funds attracted through ICO. They claimed to have a partnership with UBS Bank, where these metals would be stored. When doubts arose, in an effort to prove the partnership, the scammer used photoshopped pictures of its founder giving a presentation to bank employees.
More: http://dowbit.com/how-to-avoid-scam-ico-2/

You can find more information at http://dowbit.com/

See you on Monday!

[DowBit]

Cryptocurrency news – September 18

1. Universities in Russia create courses about cryptocurrencies

2. Dubai warns against ICOs

3. Exchange BTC-e reopens under the name WEX.nz

4. Deribit Exchange Problems

5. More attempts to bring E-Commerce to unbanked sector

1. More and more universities in Russia are introducing additional courses to existing curriculums. The financial faculties were enriched with cryptocurrency, Bitcoin and blockchain technology classes. This is the first time such courses have been offered by universities. This was caused by the growing demand among students of financial faculties.
More: http://dowbit.com/universities-in-russi ... urrencies/

2. The Dubai Financial Services Authority (DFSA) has issued a warning to investors against ICOs. According to DFSA, certain types of public offers, including ICOs, should be considered as high-risk investments. This narrative is in line with the trend previously set by China, Singapore, Canada, Malaysia and the USA, among others, who have also taken steps against ICO.
More: http://dowbit.com/dubai-warns-against-icos/

3. The Russian Cryptocurrency Exchange BTC-e, which was recently closed by the FBI, has officially reopened on the new WEX domain. The company posted an official statement on its website in which it thanked its users for their patience. The statement also indicates that the new platform has already been launched and accounts with balances have been transferred.
More: http://dowbit.com/cryptocurrency-exchan ... me-wex-nz/

4. On Friday, around 14 o’ clock, Deribit the cryptocurrency exchange had problems with the liquidation algorithm, which resulted in unfair losses for some clients’ accounts. In order to solve the problem, the stock exchange had to temporarily suspend trade on its platform. The total loss for the exchange is approximately 60 BTC, or roughly $235,000 at the time a message is posted. As Deribit assures, all the funds accumulated in user accounts are secure and the exchange takes all the loss.
More: http://dowbit.com/deribit-exchange-problems/

5. Moving the electronic commerce to the public sector seems to be getting easier due to the rising amount of points where cryptocurrency payments are an option. This trend is especially noticeable in the United States, where even now many consumers take advantage of digital currency payments. Speed and simplicity of such transactions guarantee an entirely new experience for cryptocurrency users.
More: http://dowbit.com/more-attempts-to-brin ... ed-sector/

You can find more information at http://dowbit.com/

See you tomorrow!

[DowBit]

Cryptocurrency news – September 19

1. 7 reasons for Bitcoin exchanges ban in China

2. Bitcoin can rescue Catalonia

3. Australia reduces double taxation on cryptocurrencies

4. Malta is setting up a Task Force for Blockchain

1. Professor Yang Dong, lecturer at Renmin University of China, in an interview for public television CCTV presented the reasons for Bitcoin exchanges ban in China. Professor Warmus spoke earlier at workshops attended by representatives of the People’s Bank of China and the Chinese securities supervisory commission.
More: http://dowbit.com/7-reasons-bitcoin-exc ... -in-china/

2. In Catalonia, a referendum is scheduled for October 1 on the separation of the region from Spain. Jullian Assange, the founder of Wikileaks, immediately supported the referendum with a reference to Bitcoin, through twitter. Post Assange may have suggested that those who want financial freedom without the ability to interact with the authorities could find an answer in Bitcoin and other cryptocurrencies.
More: http://dowbit.com/bitcoin-can-rescue-catalonia/

3. Recently, the Australian government has introduced regulations to remove double taxation of cryptocurrencies. The reform initially set out in the Turnbull budget has been approved. On September 14th, a double taxation abolishing law was officially introduced. At present, consumers using virtual currencies can pay tax on goods and services twice: once when they buy virtual currencies and once again when they buy various goods and services. More: http://dowbit.com/australia-reduces-dou ... urrencies/

4. On 15th of September 2017, the Maltese Government announced the establishment of a Task Force for Blockchain, which will review the current situation and issue recommendations in order to establish a Technology Development Plan for Blockchain. In April 2017, the Cabinet of Ministers approved the elaboration of a national strategy for the development of Blockchain technology.
More: http://dowbit.com/malta-is-setting-up-a ... echnology/

You can find more information at http://dowbit.com/

See you tomorrow!

[DowBit]

Cryptocurrency news – September 20

1. Anonymous domain name registration with BTC
2. Ethereum to replace Visa?
3. Investors still interested in ICOs
4. Switzerland shuts down 3 companies illegally trading E-coin
5. BlockEx and RiskSpan are joining Wall Street Blockchain Alliance

1. Recently, the founder of the infamous torrent service, Pirate Bay, has launched the “Njalla”, an anonymous domain name registration service. Njalla is supposed to be focused on privacy and be a response to increased interest in acquiring domains without providing personal data. You will be able to pay for anonymous domain name registration with BTC. More: http://dowbit.com/anonymous-domain-name ... -with-btc/

2. Vitalik Buterin, speaking at TechCrunch Disrupt 2017, said that the platform has an opportunity to change a lot in terms of data and security.  His comments made clear suggestions that Ethereum would reach a trading power comparable to Visa within two years. Ethereum’s creator also points out that blockchain technology is likely to provide platforms for games and other data-intensive applications in the future, where security is a key element. More: http://dowbit.com/ethereum-to-replace-visa/

3. Startups are increasingly choosing to raise funds with ICOs (Initial Coin Offerings). The main reasons for making such a decision are probably the low cost of raising such capital and the minimal cost that must be incurred in order to start the crowdsale. Regardless of whether it is a well-established organization or a group of university graduates with innovative ideas and low initial capital, ICO offers both the opportunity to raise capital. More: http://dowbit.com/investors-still-interested-in-icos/

4. The Swiss financial market regulator has ordered the closure of 3 companies associated with alleged fraud. The Swiss Financial Market Supervisory Authority (FINMA) announced on September 10 that it has shut down Quid Pro Quo Association, Digital Trading AG and Marcelo Group AG in relation to the sale of the “E-Coin” Currency. The companies operated without appropriate authorization and were liquidated by FINMA. More: http://dowbit.com/switzerland-shuts-dow ... ng-e-coin/

5. The Wall Street Blockchain Alliance (WSBA), a leading non-profit organization in this industry has announced that BlockEX and RiskSpan became new members of their team. BlockEx is a digital virtual assets platform, created to deal with product life-span. It permits the creation, issuance, operation and trade of financial virtual assets created using the blockchain technology. Their customers are mainly corporations, financial or government institutions, and retailers. More: http://dowbit.com/blockex-and-riskspan- ... -alliance/

See you tomorrow!

[DowBit]

Cryptocurrency news – September 21

1. Byzantium – the first part of the Ethereum hardfork
2. Bitcoin can’t be stopped!
3. Malaysia opens up to cryptocurrencies
 
1. The first part of the planned Ethereum hardfork called Byzantium debuted in the Ropsten test network. This is part of a wider project called Metropolis, which is intended to improve the operation of the whole network and introduce the expected novelties. Vitalik Buterin, the creator of Ethereum, informed about the novelties on his twitter. More: http://dowbit.com/byzantium-ethereum-hardfork/

2. Bitcoin has recently received two powerful blows from China. Many people already predicted the end of Bitcoin and in panic started selling off their cryptocurrencies. The price of BTC fell briefly to $3000, then it fired violently up and has remained roughly stable around $4000 for several days. As you can see Bitcoin is not so easy to kill. Users of digital currencies find ways to handle the Chinese ban. More: http://dowbit.com/bitcoin-cant-be-stopped/

3. As China has blocked cryptocurrencies, other countries have started to increasingly open up to Bitcoin and other virtual currencies. A recent statement by Tan Sri Muhammad Ibrahim, Deputy Minister of Malaysian Bank Negar, at the Global Symposium on Financial Institutions Development, shows that Malaysia can become a Bitcoin-open country. More: http://dowbit.com/malaysia-opens-up-cryptocurrencies/

See you tomorrow!

[DowBit]

Cryptocurrency news – September 25

1. Investor defends Bitcoin from JPMorgan CEO
2. Further bans on the cryptocurrency exchanges in China
3. Gibraltar the perfect place for cryptocurrency funds?
4. CFTC filed charges against Gelfman Blueprint – Bitcoin
 
1. Earlier in September at a banking conference, CEO of JPMorgan Jamie Dimon critiqued Bitcoin. His claims included that government will work on taking down decentralized cryptocurrencies, as the whole cryptocurrency scheme is a fraud. Yet still, investor defends Bitcoin by showing fallacies in Dimon’s reasoning. More: http://dowbit.com/investor-defends-bitc ... organ-ceo/

2. According to Chinese public television CCTV, 17 exchanges and platforms will stop offering the possibility of cryptocurrency exchange in Shanghai. In their public statements, the companies have announced that they will not engage in ICO-related activities and have proposed their exit plans. Further bans on the cryptocurrency exchanges in China apply both to those that have already announced their closure, and to many of the platforms whose status was uncertain. More: http://dowbit.com/further-bans-cryptocu ... -in-china/

3. Regulators around the world are beginning to realize how much money they have changed owners during ICO fundraising. Observing the growing number of ICOs, Gibraltar’s Financial Services Commission has issued statements declaring that it is necessary to introduce a regulatory framework for companies that use Blockchain technology to store or transfer value. It is expected that these regulations will be implemented by January 2018. More: http://dowbit.com/gibraltar-the-perfect ... ncy-funds/

4. The Commodity Futures Trading Commission (CFTC) has filed its first ever charges against a corporation investing in Bitcoin. Gelfman Blueprint, owned by Nicholas Gelfman from Brooklyn, New York, was accused of making false statements about the investment in Bitcoin. Investors tempted by the opportunity to earn a good income were willingly entrusting their money to the company. More: http://dowbit.com/cftc-filed-charges-ag ... t-bitcoin/

See you tomorrow!

[DowBit]

Cryptocurrency news – September 26

1. Bitcoin as national currency?
2. SEC creates Cyber Unit in effort to regulate ICOs
3. National Bank of Ukraine is working on cryptocurrency regulation
4. Raiden Network – the future of payments?

Dowbit.com is an international information service about cryptocurrencies.

1. Can we actually consider Bitcoin as national currency? Can we imagine that one day whole economic system of a country will be based on cryptocurrency and blockchain architecture? In theory, that would be perfect. Accounts would be balanced, financial predictions could become more accurate. And even imagine that whole voting system is based on the blockchain. More: http://dowbit.com/bitcoin-as-national-c ... t-so-fast/

2. US Securities and Exchange Commission (SEC) has announced that special Cyber Unit will be created. The unit will be responsible for overseeing matters related to cryptocurrencies. This is yet another movement of the Commission regarding regulation of ICO and cryptocurrencies. Quite recently they have announced that TheDAO project tokens were in fact securities falling under respective laws More: http://dowbit.com/sec-creates-cyber-unit-regulate-icos/

3. National Bank of Ukraine (NBU) is working intensively on regulating cryptocurrency market and its positioning among existing law framework. NBU’s press release shows course taken by legislative organs to regulate Bitcoin and generally the whole market of digital currencies. More: http://dowbit.com/national-bank-of-ukraine/

4. Developers of Raiden Network – one of the most anticipated scaling solutions for Ethereum – have released an early version. The new version of the product was dubbed µRaiden (pronounced “micro Raiden”). It will allow micropayments between users through a network of nodes. Furthermore, the solution is ERC-20 standard compatible, meaning it will work together with the tokens that have been recently issued on top of ethereum. More: http://dowbit.com/raiden-network/

See you tomorrow!

[DowBit]

Cryptocurrency news – September 27

1. Localbitcoins compensates its users for their bitcoin cash with bitcoins
2. Japan is considering the release of J-Coin
3. ICOs choose Hong Kong?

Dowbit.com is an international information service about cryptocurrencies.

1. After Bitcoin’s hard fork on 1 August, many people still do not have access to their BCH funds. Individual services, portfolios or exchanges plan to gradually make their resources available to users. However, some services may go a different route – Localbitcoins compensates its users bitcoins in exchange for their bitcoin cash. More: http://dowbit.com/localbitcoins-compens ... -bitcoins/

2. Banks in Japan are considering creating their own digital currency called J-Coin. The main function of J-Coina is to eliminate cash as a mean of payment. The implementation of the cryptocurrency is planned to take place in before the Tokyo Olympic Games in 2020. The whole project is supported by the financial supervisory authorities and aims to improve the financial system in Japan. More: http://dowbit.com/japan-is-considering- ... of-j-coin/

3. The Chinese haven’t been easy on cryptocurrencies recently. The hardline stance was slightly shocking for many, especially since Bitcoin has received a blow. However, one part of China retained from using drastic measures against cryptocurrencies. The small island state of Hong Kong. Because ICOs were hurt mostly, they needed a new safe haven. Due to that, ICOs choose Hong Kong. More: http://dowbit.com/icos-choose-hong-kong/

See you tomorrow!

[DowBit]

Cryptocurrency news – September 28

Dowbit.com is an international information service about cryptocurrencies.

1. Catapult by the end of the year – interview with NEM.io foundation president
2. Macau bans financing cryptocurrency companies
3. NXC takes over the Korean Korbit Exchange
4. ‘Wolf of Wall Street’ follows JPMorgan CEO Bitcoin criticism

1. NEM is currently the 7th biggest cryptocurrency by market capitalization. Project based on proof-of-importance allows not only to transfer funds but also building your own applications. Endeavour which has been in development for almost 2.5 years, is very close to publishing its long-awaited update – CATAPULT. More: http://dowbit.com/catapult-should-be-re ... oundation/

2. The Monetary Authority of Macau (AMCM) has issued a statement prohibiting local financial institutions from providing services to companies issuing virtual currencies and tokens. These institutions will not be allowed to take part in projects or to finance entities dealing with cryptocurrencies. It is another step of China against money laundering and capital outflow from the country. More: http://dowbit.com/macau-bans-financing-cryptocurrency/

3. The NXC media giant bought the second largest Korean cryptocurrency exchange. Korbit was sold for a substantial amount of 80 million dollars. The official Korbit acquisition signals a turning point in the corporation’s approach to the cryptocurrency exchange sector. Until now, corporations have been looking for an opportunity to earn money by investing in various projects rather than taking them over. More: http://dowbit.com/nxc-takes-over-the-ko ... -exchange/

4. Quite recently we’ve heard JPMorgan’s Jamie Dimon strong criticism of Bitcoin, calling the whole scheme a fraud. Even though the criticism has met with a backlash from investors and the public, it seems that his opinion also provoked other members of the Wall Street financial club. This time, Jordan Belfort, the famous ‘Wolf of Wall Street’ follows JPMorgan CEO Bitcoin criticism. More: http://dowbit.com/wolf-of-wall-street-f ... criticism/

See you tomorrow!

[DowBit]

Cryptocurrency news – October 2

Dowbit.com is an international information service about cryptocurrencies.

1. Gang robbing people buying Bitcoins was caught in New Delhi
2. Notes from Wicked Crypto Meetup
3. SEC filed charges against 2 ICOs
4. Bahrain is optimistic about Bitcoin 

1. A group of six people was arrested in New Delhi, India for robbing people. The group argued that they were buying bitcoins for real money. Thieves used to contact interested party through phone calls and Facebook messages and convinced the buyers to deal in cash for buying the Bitcoin. Once, they convinced the buyer and called them to the designated place, the other gang members would come into action and would then rob the victim. More: http://dowbit.com/gang-robbing-people-b ... new-delhi/

2. Last Monday, Warsaw held the second Wicked Crypto Meetup. The main topic of the meetup was different aspects of blockchain technology – what is it, its uses and its future. The meeting took a form of the discussion panel with Lon Wong, president of the NEM Foundation (we had a chance of interviewing him after the Meetup) and Enrique Melero, previous COO at HSBC Private Bank and blockchain advocate. More: http://dowbit.com/notes-from-wicked-cry ... lockchain/

3. The American Securities and Exchange Commission, SEC, has filed charges against 2 ICOs – Real Estate Coin and Diamond Reserve Club. This is yet another movement of the agency against the offers of new tokens. However, all signs indicate that the regulator’s objections are well justified. Maksim Zaslavskiy, who is behind both ICOs, was accused of selling unregistered securities. More: http://dowbit.com/sec-filed-charges-against-2-icos/ 

4. It actually seems that Bahrain is optimistic about Bitcoin, cryptocurrencies and blockchain – seeing such government stance shows that they understand that the entire financial industry is being disrupted. It is the midst of a new technology and being rampant by the blockchain technology, which will unlock a whole new era for personal transactions. We might actually see Bahrain becoming a leader in adopting cryptocurrencies seeing that it is open to experiments, cooperation and discussions. More: http://dowbit.com/bahrain-is-optimistic-about-bitcoin/

See you tomorrow!

[DowBit]

Cryptocurrency news – October 3

Dowbit.com is an international information service about cryptocurrencies.

1. Cryptocurrency mining scripts on popular websites
2. Goldman Sachs plans to introduce a cryptocurrency operations 
3. Bitcoin ATMs increasingly popular

1. An increasing number of websites is using cryptocurrency mining scripts to make money on their users. When you visit their service, the CPU is under maximum load from Javascript, which uses the computing power of your computer to mine Monero. How do I protect myself from unwanted power consumption and equipment wear? Will this trend affect the cryptocurrency market? More: https://dowbit.com/cryptocurrency-mining-scripts/

2. Goldman Sachs, one of the world’s largest investment banks, is exploring the possibility of introducing a new trading operations based on cryptocurrencies. This is a response to what the spokesperson described as “client interest in digital currencies”. The Wall Street Journal explains that the study is ongoing and may not yield any results. More: https://dowbit.com/goldman-sachs-plans- ... perations/

3. Currently, there are 1592 Bitcoin ATMs (also called BTMs) in 59 countries. The undoubted leader is the United States, which has almost 1000 Bitcoin ATMs. Canada and the United Kingdom take 2nd and 3rd place with 255 and 85 BTMs respectively. More: https://dowbit.com/bitcoin-atms-increasingly-popular/

See you tomorrow!

[DowBit]

Cryptocurrency news – October 4

Dowbit.com is an international information service about cryptocurrencies. 

1. BitBay Boxing Night Gala – Polish exchange to sponsor boxing event
2. Charlie Lee warns investors, Litecoin can lose up to 90%? 
3. Bitcoin ATMs increasingly popular
4. Morgan Stanley CEO less skeptical towards Bitcoin

1. The biggest polish cryptocurrency exchange BitBay started to focus all efforts on marketing. Not only they have created the new version of their platform, BitBay 3.0 but also have decided to reach a bigger audience and sponsor BitBay Boxing Night Gala. More: https://dowbit.com/bitbay-boxing-night- ... ing-event/

2. All investors are always warned that the investments involve risks. The phrase that you should not invest more than you can afford to lose is being repeated like a mantra. However, when the creator of Litecoin, Charlie Lee warns investors that his cryptocurrency may lose up to 90% of value next year, the situation may be worrying. More: https://dowbit.com/charlie-lee-warns-investors/

3. Currently, there are 1592 Bitcoin ATMs (also called BTMs) in 59 countries. The undoubted leader is the United States, which has almost 1000 Bitcoin ATMs. Canada and the United Kingdom take 2nd and 3rd place with 255 and 85 BTMs respectively. More: https://dowbit.com/bitcoin-atms-increasingly-popular/

4. More and more people are convinced to Bitcoin as a means of investing money. Of course, this number is dependent on multiple factors. In particular, such factor is the opinion of market influencers, e.g. banks CEOs. And recently the opinion of CEOs and investors is varying a lot. Fortunately, Morgan Stanley CEO through his opinion may trigger a positive market reaction. More: https://dowbit.com/morgan-stanley-ceo-l ... s-bitcoin/

See you tomorrow!

[DowBit]

Cryptocurrency news – October 5

Dowbit.com is an international information service about cryptocurrencies.

1. Over 10 000 people want BTC and LTC payments in Amazon
2. Extradition of Alexander Vinnik – justice or a dangerous precedent?
3. Two government employees fired for mining Bitcoins at work
4. Will the new banking cryptocurrency replace Bitcoin?

1. Even though cryptocurrency payments are currently significantly limited, number of their advocates is increasing every day. Petition for Amazon to introduce payments using Bitcoin and Litecoin was signed by 10 000 people already! More: https://dowbit.com/over-10-000-people-w ... in-amazon/

2. Alexandr Vinnik’s troubles continue – yesterday the court agreed to his extradition to the United States. Vinnik was arrested in July in Greece and accused of laundering 4 billion dollars through the BTC-e exchange. According to Russian lawyers, he should not be brought to court in the USA because BTC-e is not an American company and does not operate in the country. However, this case goes deeper than that – there are connections between the exchange and accounts involved in stealing money from Mt. Gox. More: https://dowbit.com/extradition-of-alexander-vinnik/

3. You have to be really careful when you do stuff unrelated to your work on the computer provided by employer. Last month, two IT specialists working in the government of Crimea were fired. The reason was peculiar: they were mining Bitcoins at work using government computers. More: https://dowbit.com/two-government-emplo ... s-at-work/

4. Six global banks have worked together to introduce a new form of virtual currency called “utility settlement coin” (USC). The team includes Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, Japanese Mitsubishi UFJ (MUFJ) and State Street. More: https://dowbit.com/will-the-new-banking ... e-bitcoin/

See you tomorrow!

[DowBit]

Cryptocurrency news – October 9

Dowbit.com is an international information service about cryptocurrencies.

1. What will France’s approach to the ICO be?
2. First atomic swap between Ethereum and Bitcoin
3. Will IMF cryptocurrency replace bitcoin?
4. Bitflyer’s Bitcoin prepaid card

1. According to the national regulator of the financial markets, France is seeking to draw up rules covering fund collections through the ICO. Speaking last week in Challenges‘ business magazine, Robert Ophele, President of AMF (Autorite des marches financiers), said that his agency was seeking to formalize the Blockchain technology regulations, citing the growing interest in this technology in France. More: https://dowbit.com/what-will-frances-ap ... he-ico-be/

2. The decentralized cryptocurrency exchange, Altcoin Exchange informed that on 7th of October their team successfully conducted the first atomic swap between Ethereum and Bitcoin. According to the startup, it is their first step towards the creation of a trustless exchange process. More: https://dowbit.com/atomic-swap-between- ... d-bitcoin/

3. International Monetary Fund is strongly committed to creating their own cryptocurrency. According to the Wall Street Journal, IMF cryptocurrency is a response to Bitcoin, which aims to centralize the cryptocurrencies and replace the dollar as a reserve currency. More: https://dowbit.com/will-imf-cryptocurre ... e-bitcoin/

4. Bitflyer, the largest Japanese Bitcoin exchange in terms of volume, has released its own prepaid Visa card. The cards will be able to be funded in BTC through the exchange itself or other Bitcoin wallets. Bitflyer’s Bitcoin prepaid card will be denominated in Japanese yen and its users will have to take into account relatively low deposit limits. However, this is yet another step towards global cryptocurrency adoption. More: https://dowbit.com/bitcoin-prepaid-card-biflyer/

See you tomorrow!

[DowBit]

Cryptocurrency news – October 11
Dowbit.com is an international information service about cryptocurrencies. 

1. Russia about to cut access to all cryptocurrency exchanges
2. Bitcoin enthusiast sells everything to buy more Bitcoins
3. Ukraine is working on a law prohibiting the use of cryptocurrencies
4. Fujitsu and 3 largest banks are developing a money transfer system 

1. According to the latest RBC news, Russian Central Bank in cooperation with the general prosecutor is working on shutting down access to all cryptocurrency exchanges operating in Russia. Shvetsov added that Russian Central Bank has its opinion on cryptocurrencies – those financial instruments don’t allow regulatory bodies to successfully secure participants’ assets. He also added that digital currencies have no legal definition. More: https://dowbit.com/russia-about-to-cut- ... exchanges/

2. We’re all passionate about Bitcoins and cryptocurrencies. We love them, we love the concept and we love being in the same community. However, the question is how deep is your love for Bitcoins? Probably not as deep as this one guy who sold everything to accumulate Bitcoins. And his wife is okay with that. More: https://dowbit.com/bitcoin-enthusiast-s ... -bitcoins/

3. On 6 October 2017, the Ukrainian Parliament (Verkhovna Rada) received a proposal of a law to regulate cryptocurrency-related issues (mentions had already appeared before). The Act authorises the Central Bank of Ukraine to regulate cryptocurrencies. While the cryptocurrencies are subject to the tax law of the country, the Act waives any warranties and consumer protection by the Government of Ukraine. More: https://dowbit.com/ukraine-is-working-o ... urrencies/

4. Fujitsu, a technology tycoon and three major banks have announced plans to pilot a peer-to-peer money transfer system based on blockchain technology. They will test the blockchain platform on a cloud transferring funds between individuals, but also between mobile applications to increase the usability of the system. More: https://dowbit.com/fujitsu-and-3-larges ... er-system/

See you tomorrow!