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This Canadian Town is Coughing up Bitcoin after Ransomware Attack.

A town in the Ontario Province of Canada has decided to pay hackers the ransom they are demanding in bitcoin in order to get its computer network working again.

Midland, which has a population of over 16,000, had its computer systems breached and infected with ransom malware that encrypted files at the beginning of the month. The cyber-attack rendered the town’s computers inoperational for around 48 hours and this crippled email services, processing of payments, issuance of permits, reloading of transit cards and processing of marriage applications.

Critical services such as waste management and fire response were, however, not impacted. To facilitate decryption the hackers have been demanding that a ransom be paid in bitcoin. The town has consequently started the process of paying the unspecified ransom amount in bitcoin in order to get the decryption keys.

“Under the guidance of cyber security experts, we have initiated the process to pay the ransom in exchange for the decryption keys,” a media release from Midland Town Council read. “Although not ideal, it is in our best interest to bring the system back online as quickly as possible. The Town had previously secured an insurance policy to cover such circumstances. Decryption efforts are underway.”

The decision by Midland Town Council to acquiesce to the demands of the hackers stands in contrast to the move by the Professional Golfers Association of America to refuse to pay a ransom in bitcoin after similar malware was planted on its computer systems early last month. This was despite the fact that the hackers insisting that only they possessed the decryption software as CCN reported:

“We exclusively have decryption software for your situation. No decryption software is available in the public.”

In agreeing to remit the ransom Midland is, however, not alone in preferring to pay up in order to get its systems working again as many victims have done so if the amounts obtained by ransomware creators are anything to go by. Last month, for instance, it was reported by a U.K.-based cybersecurity firm, Sophos, that the creators of the SamSam ransomware had managed to rake in more than US$6 million since it started proliferating in late 2015 with the highest amount paid by an individual being US$64,000.

Additionally, a report released last year by researchers drawn from Google, Chainanalysis, University of California, San Diego and New York University concluded that creators of various ransomwares managed to generate US$25 million in 24 months, most of which was being cashed out through the BTC-e cryptocurrency exchange. https://blog.cofredcoin.com/2018/09/12/this-canadian-to…ansomware-attack/ ‎

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Is India Ready to Legalize Crypto? Officials Visit Japan & UK to Study Policies.

While the Supreme Court of India hears the crypto exchange industry’s case against the central bank following the latter’s banking ban, regulators are exploring regulatory policies for the nascent sector.

Businesses and associations in the cryptocurrency and blockchain sector are expected to participate in the hearing alongside the Securities and Exchange Board of India (SEBI), to discuss the future of the cryptocurrency market of India.

In its annual report, SEBI revealed that it has sent government officials to Japan, UK, and Switzerland to study cryptocurrency regulations in overseas markets with active digital asset exchanges and communities.

Unexpected Variable

In July, the supreme court of India declined to reverse the ban on cryptocurrency trading imposed by the Central Bank of India, requesting banks to maintain a strict ban on providing any financial services to cryptocurrency-related businesses.

Speaking to Bloomberg, law firm Shardul Amarchand Mangaldas & Co partner Anand Bhushan said that apart from the government’s concerns regarding money laundering, there exists risk in allowing digital currencies as a medium of exchange due to a large amount of speculation and volatility.

“Nobody is able to price the risk currently. The minute you have clarity on exchanges and whether digital currencies can be used as a medium of exchange or payment, or if it is a commodity, there will be less speculation and much more stability in pricing,” Bhushan said.

But, as SFOX head of growth Danny Kim said, the entrance of large-scale investment firms into the cryptocurrency market has led to an increase in stability, as seen in the price movement of Bitcoin throughout August, when it recorded its most stable month since June of 2017.

“Before institutional firms were actively trading crypto or heavily involved (before 2018) bitcoin price differences between exchanges varied as high as 4.5%,” Kim explained.

The increase in stability, as well as the recognition of cryptocurrency exchanges as regulated financial institutions by major regions such as Japan, South Korea, France, UK, and the US could encourage India to reverse its ban.

Analysts expect that the exposure of local government officials to overseas markets that have demonstrated a high level of growth in the cryptocurrency and blockchain space could act as an unforeseen variable that may redirect the long-term strategy of SEBI.

As seen in the 50 percent increase in cryptocurrency and blockchain-related job growth in Asia and the decision of governments to consider the blockchain as one of the three core technologies in the fourth industrial revolution alongside big data and AI, a complete ban on cryptocurrency trading could result in voluntary isolation.

As large the economy of India is, Europe has continued to lag behind Japan and South Korea since 2012 in both trading volume and industry growth due to their initial rejection of the market.

This week, the European Commission, the executive branch that drafts legislation for the EU, acknowledged the cryptocurrency sector as a legitimate industry, given the rapid growth rate of the market despite its volatility.

Valdis Dombrovskis, the vice president of the European Commission, said:

“We also had a good exchange of views on crypto-assets. We see that crypto-assets are here to stay. Despite the recent turbulence, this market continues to grow.” https://blog.cofredcoin.com/2018/09/12/is-india-ready-t…o-study-policies/

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Russian Central Bank Reportedly Conducted ‘Successful’ ICO Trial

An official from Russia’s central bank has revealed that the bank has recently conducted a "successful" experimental Initial Coin Offering (ICO), as citedby local news agency TASS Tuesday, September 11.

Ivan Semagin, deputy director of the Financial Market Development Department for the Bank of Russia, told TASS:

“Within a framework of the central bank’s sandbox, we conducted an experimental ICO on the basis of our existing infrastructure. Technically it was a success, but we still have a lot of legal issues”.

TASS writes that Sberbank and the National Settlement Depository were set to test an experimental ICO, issued by the Moscow-based commercial hall firm LevelOne, at the end of the summer.

Semagin made the announcement of the “successful” trial during in the Eastern Economic Forum (EEF), an annual event dedicated to the interaction and partnership between the Russian Far East and the Asia-Pacific Region, participating in "The Far East as a Financial and Offshore Centre" discussion.

Both Russian and Chinese officials and journalists attended the forum. During a discussion centered around crypto and ICOs, Alexey Chekunkov, CEO of the Far East and Baikal Region Development Fund, also noted that an ICO is a "useful technology" that might bring a good deal of money to the state.

He used Singapore and the U.S. as examples of a reasonable approach to crypto regulation, also adding that he remained quite sceptical about Bitcoin (BTC), calling it a "harmful pyramid scheme that wastes a lot of electricity in vain."

The largest Russian bank, Sberbank, was reportedly the first in the country to test crypto-related technologies earlier this year. As Cointelegraph reported this January, Sberbank announced that it was opening a crypto exchange option for institutional investors via its Swissbranch.

According to TASS, Russia then officially launched a regulatory platform for new digital financial services and technologies that require changes in regulation in April. The Bank of Russia, along with state bodies and other institutions, then evaluates the pilot services and technologies participating in the platform.

However, some top Russian officials remain sceptical about cryptocurrencies, ICOs, and blockchain.

https://cointelegraph.com/news/russian-central-bank-reportedly-conducted-successful-ico-trial

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Crypto Industry Leaders Establish Washington-Based Lobby Group

Crypto Industry Leaders Establish Washington-Based Lobby Group

NEWS

A group of U.S.-based blockchain and cryptocompanies have announced they will form the Blockchain Association, the “first” lobbying group representing the blockchain industry in Washington D.C., the Washington Post  reported September 11.

The Blockchain Association is comprised of industry leaders such as crypto exchange Coinbase, technology startup Protocol Labs, as well as the Digital Currency Group and Polychain Capital. The lobbying organization will reportedly be located in Washington, representing entrepreneurs and investors who are engaged in blockchain-powered projects.

The Blockchain Association will represent mainstream companies that look to operate within the political system, primarily addressing policy issues and the treatment of cryptocurrency by U.S. tax law.

At the same time, the group will work closely with lawmakers on anti-money laundering (AML) and Know Your Customer (KYC) policy development within the industry. Mike Lempres, Coinbase's Chief Legal and Risk Officer, further explained:

"The Blockchain Association is an effort to get the preeminent companies in the space together so [policymakers] know they're hearing from companies that welcome regulation when it’s appropriate. We’re not companies looking to game the system, but trying to develop a legal and regulatory system that’ll stand the test of time."

Jerry Brito, executive director of the non-profit research and advocacy group Coin Center, reportedly said that the rise of a purpose-specific trade group shows the industry is maturing.

In July, Coinbase created its own political action committee (PAC) to raise money to spend on U.S. elections. In the U.S., PACs are organizations that pool campaign contributions from members with similar policy and political goals and subsequently donate them to political campaigns for or against candidates, legislation, or ballot initiatives.

https://cointelegraph.com/news/crypto-industry-leaders-establish-washington-based-lobby-group?utm_source=Telegram&utm_medium=social

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Two US States Implore Indian Authorities to Seize Property of BitConnect Promoters

Authorities from two U.S. states have implored the Criminal Investigation Department (CID) in India to seize the property of promoters of Bitcoin(BTC) investment firm BitConnect, the Times of India reported September 11.

BitConnect, which ceased its operations in January of this year, was an open-source cryptocurrency and an investment program accused of being a Ponzi scheme. The accusations were based on the multi-level referral system and promise of astronomical returns on customers’ investments.

The U.S. states of Illinois and Arizona are asking the CID to seize the property of the promoters, who are suspected of raising Rs 41,000 crore (around $5.6 billion) from investors. Most of the funds were purportedly poured into the firm after the demonetization of high-value banknotes at the direction of the Modi government in 2016.

The CID claims that “those who invested in this virtual currency company after demonetization are suspected of laundering black money.” The agency added that it will request the probe of such investors by the enforcement directorate and income tax  authorities.

Initially, the fraud scheme was reported by businessman Shailesh Bhatt, who claimed that he had been kidnapped and robbed of Rs 9 crore ($1.2 million) worth of BTC by local police. The CID said:

“The investigation found that Bhatt had invested Rs 2 crore ($275,000) in BitConnect and after the company shut shop in January 2017, he kidnapped an employee of BitConnect, Dhaval Mavani, and extorted Bitcoins, Litecoins and cash worth Rs 155 crore ($25 million) from him.”

At the end of August, Indian police arrested Divyesh Darji for allegedly promoting BitConnect and scamming investors. Darji, a resident of Surat city, reportedly said that he had been the India head of BitConnect. The CID claims that staff at the BitCoinnect office in Surat admitted that promoters had overall amassed “crores [tens of millions] of rupees from thousands of investors.”

Following the cessation of BitConnect’s activities, a number of users in the U.S. launched a class action lawsuit against the company, seeking compensation for lost funds, reportedly amounting to $771,000. The suite alleges that the BitConnect tokens were unregistered securities in a “wide-ranging Ponzi scheme.”

https://cointelegraph.com/news/two-us-states-implore-indian-authorities-to-seize-property-of-bitconnect-promoters

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U.S. Judge Rules That ICOs are covered by Securities Laws.

A U.S. District Judge in Brooklyn has delivered a landmark judgement with far-reaching implications for the initial coin offering (ICO) market. Judge Raymond Dearie of the U.S. District Court Eastern District of New York today ruled that U.S. securities laws cover ICO token sales.

The ruling came in a case against a fraudulent ICO promoter Maksim Zaslavskiy, whom prosecutors are looking to bring up on fraud charges for defrauding investors of more than $300,000 from a scam ICO called REcoin.

In Sept. 2017, CCN reported that the SEC charged Zaslavskiy and two of his companies with defrauding investors through a number of ICO scams including REcoin. REcoin was marketed to investors as being backed by real estate and diamond assets which in actual fact did not exist.

In a pioneering ruling, Judge Dearie refused to dismiss the case against Zaslavskiy, whose lawyers earlier pled for dismissal on the basis that the ICOs in question were currencies and not securities, placing them outside the jurisdiction of the SEC Act.

An excerpt from today’s hearing file reads:

“He [Zaslavskiy] argues that the securities laws are unconstitutionality vague as applied. The Government, meanwhile, asserts that the investments made in REcoin and Diamond was “investment contracts,” and thus “securities,” […] and that these laws are not unconstitutionally vague.”

Judge Dearie’s ruling on this matter was that an ICO is indeed a security for the purposes of federal criminal law, which is what prosecutors have argued since last year.

Implications of Dearie’s Ruling

Description: recoin icoThe SEC claims the REcoin ICO scammed investors out of $300,000.

Dearie has become the first judge to deliver a ruling that places ICOs firmly within the jurisdiction of securities regulators, and this could potentially have important implications for the ICO market by creating a precedent for future cases.

While the CFTC has had some successes tackling fraudulent crypto offerings within its space, the SEC — which has long said that it has jurisdiction over most ICOs — had not yet established this authority in court.

An excerpt from Judge Dearie’s ruling reads:

“Zaslavskiy’s contrary characterizations are plainly insufficient to bypass regulatory and criminal enforcement of the securities laws. Because the indictment is sufficient under the Constitution and the Federal Rules of Criminal Procedure, and because the law under which Zaslavskiy is charged is not unconstitutionally vague as applied, Zaslavskiy’s motion is denied. The case will proceed to trial.”

While the ruling comes as a boost for prosecutors, the it is by no means a final word on the matter. In his comments, Judge Dearie noted that the ultimate decision rests with a jury and that Zaslavskiy’s lawyers can in fact still present the argument contesting the jurisdiction of securities laws to the jury.https://blog.cofredcoin.com/2018/09/11/ripple-labs-and-…token-litigation/ ‎

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Marshall Islands warned against adopting digital currency

The Republic of the Marshall Islands has been warned against adopting a digital currency as a second form of legal tender.

The International Monetary Fund (IMF) said the country, which consists of hundreds of islands in the Pacific Ocean, should "seriously reconsider".

Currently, only the US dollar counts as legal tender in the islands.

A law to adopt a digital currency named "Sovereign" alongside the dollar was passed in February.

The first virtual coins are due to be issued to members of the public via an initial coin offering (ICO) later this year.

However, IMF directors said the potential benefits of the move were much smaller than the potential costs of "economic, reputational and governance risks".

"[Marshall Island] authorities should seriously reconsider the issuance of the digital currency as legal tender," wrote the directors in their report, which was first spotted by cryptocurrency news site Coindesk.

There is just one domestic commercial bank in the country and it is at risk of losing its only correspondent banking relationship with another bank in the US.

That relationship allows the Islands to transfer dollars in and out of the country.

It highlighted the Marshall Islands' dependence on foreign aid, and the fact that the country is vulnerable to natural disasters as well as sea level rise linked to climate change.

Adopting a digital currency as an official form of legal tender would threaten both financial integrity and the nation's key relationship with the US bank. The result could be disruption to foreign aid, according to the IMF.

 

Media captionBitcoin explained: How do cryptocurrencies work?

The global financial organisation was expressing concern because it was aware of traditional banks' wariness around digital currencies, said David Gerard, author of Attack of the 50 foot Blockchain.

Those banks may, for example, associate crypto or digital currencies with criminal activity, including money-laundering, because the digital currency networks have been designed to move coins or tokens around at great speed.

"You just can't control the stuff," Mr Gerard told the BBC. "Tokens are really, really liquid, that's the whole point."

This could give the US correspondent bank cause to rethink its relationship with the Marshall Islands, he explained.

"The IMF is not strong-arming the Marshalls, what they're doing is describing what will obviously happen if they proceed - the large correspondent bank will be quite worried," he added.

https://www.bbc.com/news/technology-45485685

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Ripple Labs and R3 Consortium Reach Settlement in XRP Token Litigation.

Ripple Labs Inc. has announced it has reached a settlement “of all outstanding litigation” between R3 HoldCo LLC, R3 LLC, and XRP II, LLC, according to a press release published September 10. Per the statement, the details of the settlement will remain confidential while “both sides look forward to putting these disputes behind them.”

The litigation between Ripple Labs and R3 Consortium began in September 2017, when the consortium filed a lawsuit in Delaware and New York against Ripple Labs. R3 then claimed that Ripple had violated a prior purchase agreement between the two companies for XRP tokens. The agreement included an option enabling R3 to buy up to 5 billion XRP tokens, in part or in whole, at a price of $0.0085 before the end of 2019.

A Delaware judge threw out the case against Ripple in October 2017, forcing the plaintiff to precede litigation in California and New York.

Ripple Labs subsequently filed a counterclaim in California, where it accused R3 of breaching a number of commitments within the agreement. When the parties began the proceedings, the value of the contract in dispute totalled more than $1 million, however after several months the XRP price surged, significantly increasing the stakes as the 5 billion XRP in question were worth about $3.85 billion.

In March 2018, a San Francisco state appeals court denied Ripple’s filing to appeal the order that dismissed its lawsuit against R3.

Ripple has been involved in several legal battles over the last year. In May, investor Ryan Coffey filed a lawsuit over whether or not the XRP token is a security. Coffey alleged that Ripple’s sale of XRP tokens violates U.S. securities laws. He claimed that while trading XRP tokens, he lost $551.89, also stating that XRP is not genuinely decentralized. The U.S. Federal District Court of the Northern District of California recently ruled to deny a motion to remand against Ripple.: https://blog.cofredcoin.com/2018/09/11/ripple-labs-and-…token-litigation/

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One of the World’s Wealthiest Football Clubs is Launching a Cryptocurrency.

French soccer giant Paris Saint-Germain football club (PSG) will launch its own cryptocurrency with a token offering that aims to incentivize its supporters over a blockchain.

The development sees a new partnership between top French Ligue 1 club, Paris Saint Germain (PSG) and blockchain company Socios.com which is based in Malta. The partnership is based on the ‘socios’ concept that already exists between football fans of Real Madrid and Barcelona.

PSG plays in the highest tier of France’s soccer league and has been hailed as the country’s “most popular” team. The club is owned and bankrolled by a Qatar state investment firm and holds the record for the highest transfer fee paid with the $263 million purchase of Brazilian football star Neymar from Barcelona in 2017.

Socios describes itself as a digitized, tokenized form of the “Socios” crowd-management concept of Real Madrid & FC Barcelona — “socios” means member or associate in Spanish. The platform is powered by a sports blockchain venture dubbed chiliZ, which has the backing of high profile crypto industry players that include crypto exchange Binance. chiliZ has raised $66 million in funding to date, according to sources.

Speaking exclusively to CCN, Chilliz CEO Alex Dreyfus explained that the platform was looking forward to further collaboration with other top soccer clubs.

“We are focusing on onboarding the biggest clubs in Europe and in the coming weeks, we will announce other big clubs who will also be joining our platform. Outside of France, our priority is clubs in the UK, Italy, Spain and Germany.”

PSG’s partnership with the platform will allow the club to launch a Fan Token Offering (FTO) that gives fans access to branded Saint German club tokens which come with voting rights and can also confer VIP status and/or rewards to their holders.

Fans will reportedly be able to vote on “cosmetic” decisions (choosing the club’s jersey color, stadium music and logo) and certain sports aspects (MVP, Player of the Match or Month, friendlies matches, summer tours, charity line-ups, etc).

Dreyfus noted that the strategy represents a limited token mechanism, which does not tokenize the club’s existing corporate structure but is focused on incentivizing and monetizing fan engagement and experiences via crypto. Marc Armstrong, Chief Partnership Officer of PS further elaborated:

“Paris Saint-Germain is determined to leverage the opportunities that cryptocurrency can provide. This revolutionary technology will have an important impact on the club’s overall business strategy and the way we engage with our fanbase”, he added.

Saint Germain fan tokens will reportedly be tradable on the socios.com marketplace, but only against the chiliZ native token ($CHZ). The club’s FTO will reportedly take place before the start of the coming soccer season, although the exact date and token pricing are yet to be revealed.

Dreyfus said that while PSG is the first high-profile club to join the initiative, the platform ultimately aims to engage “hundreds of millions” of soccer fans of multiple high caliber soccer clubs worldwide. Dreyfus said that the platform will help engage and educate a major demographic about blockchain and crypto.

Dreyfus is a familiar figure in the Malta Blockchain scene having already brought a number of crypto companies to Malta including Binance. He is also involved in the Malta Blockchain Campus that is currently under construction in the burgeoning town of Sliema and which aims to bring together crypto and blockchain companies under one roof.

 https://blog.cofredcoin.com/2018/09/11/one-of-the-world…a-cryptocurrency/

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Crypto Exchanges are Evading China’s Ban by Changing Domain Names.

Despite the rise in control measures over cryptocurrency trading, observers are almost certain that Chinese investors will continually skirt the ban, which makes it nearly impossible for authorities to shut down trading entirely, per reports from South China Morning Post (SCMP.) and  blog.cofredcoin.com

SCMP references an earlier story published on the Shanghai Securities Times which reported that trading authorities were beefing up controls and their monitoring by blocking all access to 124 foreign crypto exchanges that provide trading services to Chinese investors. This move has had little to no effect as traders continue to use virtual private networks (VPNs) tools to access foreign exchanges, as well as leveraging Tether (USDT) for exchanging cryptocurrency for fiat currency and vice versa.

The Chinese government has been anti-crypto for a while but the most significant resistance against the industry dates back to early 2017 where Beijing began its crackdown on the domestic cryptocurrency ecosystem. These exchanges continue to circumvent the ban, reinventing them using new domain names under foreign identities which allows them trade to the locals.

Industry enthusiasts and investors claim that it would be difficult for regulators to completely block access as long as the trading platform servers remain outside China; transactions are conducted peer-to-peer and stay decentralized, as is common with crypto trading. The experts also believe the short-term consequences of this may be a temporary decrease in trading interest among novice cryptocurrency investors. And then subsequently, access to foreign exchange platform may be limited.

SCMP quoted a source close to one of the foreign exchanges who said regulators have the “technical ability to shut down VPNs” but there are currently no visible restrictions on using VPNs in China—which is a loophole for potential traders to access exchange platforms.

Earlier this year in March, state-run media outlet People’s Daily criticized crypto media outlets, claiming they were manipulating the cryptocurrency markets. Six months after, WeChat blocked cryptocurrency and blockchain media accounts in China claiming the accounts were found to violate the messaging apps regulations. For fear of being caught napping by regulators, Alipay and WeChat Pay said they would work with regulatory bodies in China to monitor and prohibit cryptocurrency transactions on their platforms.: https://blog.cofredcoin.com/2018/09/11/crypto-exchanges…ing-domain-names/

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Invest in cryptocurrency , see how your business works”

“The trend in cryptocurrency. market is very unstable. It’s been downhill ever since I hit the peak late last year. The fall seems to be increasing recently. Bitcoin, the symbol of cryptographic money, once priced at over 25 million won in Korea, has fallen to around 7 million won. Etherium, the flagship Alt-Core, has been pushed back to its lowest level of 300,000 won this year. The 300,000 won barrier is at stake. In the cryptographic currency market, the unstable actions of Bitcoin and AltCine, which act as a key currency, directly affect other AltCos. Most of the Alt-Cos, including Ripple, Ios, and Quantum, fell sharply compared to their peak.

The overall recession in the crypto currency market is hurting the ICO market. As soon as some of them were listed, their prices plummeted and investors were at a loss. Accordingly, some ICO-promoting companies are trying to come up with countermeasures such as delaying schedules or modifying their coin sales strategy.

If so, will the market for crypto currency collapse as it is? On this issue, there is still much optimism among experts. The current crypto currency market is a process of adjustment caused by excessive anxiety and checks by vested interests, and will have a strong upward momentum in the near future.

In response, we met with Brian Jung (Korean name Jung Min-ho) of the business architect who is the pounder and blockchain of the Liker World and heard about the reasons for the current market slump and future prospects. He was recently introduced as Korea’s tap-scott due to a money-task that is called a U.S. block chain missionary in the media.Editor’s State

Most of the crypto currency that is being traded, including Bitcoin, has fallen significantly compared to the peak. Blockchain fever is raging all over the world.

  • I think there are very complex reasons. To begin with, I think now is the right time to invest in crypto currency. This means investing in a recession. However, I think the recent drop in the price of crypto currency is due to the fact that purchasing price has been reduced due to the principle of supply and demand. Investors’ vague uneasiness about cryptographic currencies and uncertain economic conditions such as the global tariff war have prevented them from opening their wallets. However, the deeper the goal, the higher the mountain. There is a high possibility that the U.S. will again spin out the cryptographic currency market as of November’s midterm elections.

I understand that he made a huge profit by investing mainly in cryptographic money, especially in Altcoin. What’s the secret?

  • Many people have invested in Bitcoin since it was regarded as an illusion. Based on this, the investment made by Altcoin, which is relatively inexpensive, was well matched. I thoroughly analyzed and invested major Alt-Coin such as ether, Ada, Ripple, Tron and others, but luck worked to a certain extent.

Unlike the past, many investors have participated in Altcoin ICO but have suffered considerable losses.

Yes, the ICO market was different last year and this year was different. There is nothing to eat at the famous party these days. I also have a famous advisor and experience investing blindly according to fame, but I couldn’t make expectations. Only coin, which has excellent technical staff and clear business targets and models, survived. According to the current status of the coin three years ago, the tendency of investment in the long term should be changed rather than in the short term. This is why some say that it is more efficient for investors to acquire coin, which has fallen by a large margin than to participate in ICO. After investing in ICO for a long time, it has five principles of its own.

1.

Air View: The insight into the entire cryptographic board is important, as seen from the sky. In other words, it is difficult to make a successful investment by looking at trees rather than forests. If you look down from above, you can see Google, Facebook, Bitcoin and Etherium. This will greatly help market analysis.

2

Enforce social media: Among cryptographic investors, social media such as Twitter, Midium, coindesk, Reddit, Steemit, and Github are like bubbles. It contains all the information and it is shared in real time. Due to the time gap, people cannot sleep until 2 to 3 a.m., but they cannot succeed without making a time investment. In the ‘coin economy’, Twitter is the report of information and the media itself.

3.

Learn three times in a row: Investing in cryptographic money is also about competition between people. A thorough analysis and study show a pattern. For example, a general fall in prices from Saturday afternoon to Sunday morning in Korean time was a pattern created by the flow of funds from the U.S. large investment institutions. It is important to learn about these market flows and patterns. The same applies to investment in ICO. How much time you concentrate on investing depends on your success. Until now, when I invested in a new coin, I had to go through an analysis period of three months. After learning thoroughly for about three months, they adhere to the principle of participation. It does not invest more than four times a year.

4.

Look at the execution capability first: the ICO investment market is very different from last year. There is no longer a chance of winning by making the same investment as last year. It is important to look at whether ICO players are really viable. In particular, in the case of Utility Coin, practical ability is the key to measuring the success or failure of investment. Some Altees, which recently succeeded in ICO, have seen their prices plummeting after being listed, are making an eloquent speech. Because the business is very unlikely to execute, a large amount of dumping takes place at the beginning of the listing. The fact that I have joined up with 20 related agencies and businesses while pushing for Liker World’s ICO and established power nodes in major overseas regions also reflects the importance of practical ability.

5.

Invest in a coin under $1: Low prices have the potential to make as much money during the rise in prices. Therefore, it is necessary to pay attention to coins that do not exceed $1 if possible. The fact that Ada, Ripple, and Nem, which cost less than 10 won in Korean won, have made hundreds of times as much revenue as they did in the past, explains this. Although there are many things to consider when investing in ICO such as amount of issuance and circulation, it is basically because resistance to increase is expected.

6.

I know you have a long experience in IT, but how did you get into the blockchain field?

In the early 1990s, the company started its Internet business by opening the world’s first Internet cafe in Gangnam, Seoul. It is the world’s first Internet cafe, and the origin of our PC room. It was recently reported that Wework, the world’s largest shared office, was the cornerstone. After experiencing Bitcoin in late 2013, it was able to study blockchain as a Korean partner of Bank 4u Group, a British FinTech company, in 2015. In 2016, he established a blockchain development company in Chengdu, Sichuan Province, China. Like the Internet in the past, I was convinced that the blockchain had the explosive power to change the future of society. Since then, he has focused on blockchain research, participated in ICO, analyzed blockchain technology and business, and prepared for business.

7.

It is heard that Bitcoin investors are pushing for blockchain education platform and directly ICO. Please tell me the motivation and current status of the Liker World.

  • As we started our research on blockchain, we had a lot of concerns about selecting future business items. The conclusion was that the education project was universal and that market pie was big. Education based on sharing and sharing was also good. Of course, while the existing education market is considered saturated and red ocean, I was convinced that education in the era of blockchain would be a blue ocean. Good members joined the club because it was based on cause and substance. Kim Young-nam, former Master of Tokyo University, Lee Won-bu of Dongguk University, Chris Park of IBM Accenture, and JP Morgan, who are running the first blockchain Ph.D. course in Korea. Currently, it is focusing on expanding its business network and focusing not simply on ICO to attract capital. In particular, it is expanding its strategic partnership with various related companies that will enhance the value of coinage in the future. Starting from next month, it will enter a full-scale pre-sales service and is planning to be listed at the end of the year. Ultimately, I want to create a platform for education service, the world’s best block chain, that will realize the true equality of education and remove the blind spots.
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Top 6 Cryptocurrencies in Very High Demand Right now

The year 2018 has not been all that great in terms of overall cryptocurrency market momentum. All of the top currencies are on the decline, yet it would appear the overall interest in these currencies is not on the decline. The following 6 cryptocurrencies and assets ranked highest in terms of purchase volume in US Dollars. Data is provided by Statista .
#6 Ethereum Classic
It may seem rather surprising to see Ethereum Classic on this list. The currency has been making inroads among institutional investors as of late. As such, it generates more purchase volume than Dash, Litecoin, or even XRP. With $254.28m in volume purchased throughout the first eight months of 2018, ETC is making some very interesting moves in quick succession.
#5 Bitcoin Cash
After successfully surviving the first few months of existence, Bitcoin Cash has begun hitting its stride. Although the currency is still subject to some controversy, its appeal is on the rise. A total purchase volume of $420.11m in eight months is pretty good. Compared to the leaders on this list, it is a drop in the bucket. However, Bitcoin Cash is only one year old, which is something to keep in mind at all times.
#4 EOS
It would appear EOS is on a lot of people’s radar as of right now. The currency is making its mark on the industry since the launch of its main net. Plenty of enthusiasts stocked up on EOS prior to this launch, by the look of things. A purchase volume of $746.49m is very decent, especially for a currency which seems to be generating far fewer headlines than other coins.
#3 Ethereum
While Ethereum remains the world’s second-largest cryptocurrency in terms of market cap, it is third in purchasing volume for 2018. That is not entirely surprising, as the year 2018 has been an odd one. Thanks to $1.287bn in purchase volume, Ethereum is still going strong. Those numbers need to increase to remain competitive, though.
#2 Tether
Everyone is well aware of Tether these days. The project offers a stablecoin pegged to the US Dollar. However, the rate of increasing its supply often raises a lot of questions. Throughout 2018, Tether notes a purchase volume of $2.47bn. A rather steep number, especially because of the much lower prices for Bitcoin and all major altcoins. Whether or not this Tether trend will continue, is difficult to predict.
#1 Bitcoin
No one will be surprised to learn Bitcoin dominates all the charts. It is the world’s leading cryptocurrency. It also generates the highest purchase volume throughout 2018. Nearly $4bn worth of Bitcoin has been purchased throughout 2018. How high this number will go by the end of the year, is rather difficult to predict at this stage. Current prices may entice even more people to invest in cryptocurrency later this year.

https://nulltx.com/top-6-cryptocurrencies-in-very-high-demand-right-now/amp/?utm_source=dlvr.it&utm_medium=twitter

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‘I will be the world’s first trillionaire’ Cryptocurrency tycoon makes SHOCK claim

Chris Kelsey sold his app development company Appsitude in a deal which reportedly made him a millionaire at the age of 19.
He then co-founded a now defunct start-up called Cazza that sought to develop 3D printing technologies to construct buildings.

https://www.dailystar.co.uk/news/world-news/718647/cryptocurrency-trillionaire-list-jeff-bezos-mark-zuckerberg-elon-musk-chris-kelsey/amp
The 21-year-old and his co-founder were featured in Forbes Asia 30 under 30 list last year before a falling out.
Mr Kelsey is also the founder of an obscure cryptocurrency called Kelsey Coin which doesn’t actually act like a currency but is a designed to be a kind of digital bank that lets people easily trade the digital tokens.
The successful businessman has now published an article titled “How to Become a F**king Millionaire”.
And it’s been met with mixed reviews.
“I became a f**king millionaire at 19. I finessed my way there and I didn’t give the time of day to anyone who wanted to stop me,” he wrote.
“Now I’m on my way to becoming the youngest self-made billionaire in the world at 21.”
“I will become the world’s first trillionaire.

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Breaking: Winklevoss’ Gemini Launches U.S. Dollar-Pegged Cryptocurrency.

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has announced the creation of a USD-pegged Ethereum token that looks to supplant tether (USDT) as the stablecoin of choice among bitcoin traders.

Gemini Launches Tether Competitor

Announced on Monday, the Gemini dollar (GUSD) aims to become what the controversial tether token has not, a “trusted and regulated digital representation” of the U.S. dollar that can be transmitted across the blockchain and traded on cryptocurrency exchanges located throughout the world.https://blog.cofredcoin.com/2018/09/10/breaking-winklev…d-cryptocurrency

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Former Indian Politician Arrested in $1.3 Million Bitcoin Extortion Case

Former BJP MLA Nalin Kotadiya has been arrested for an alleged involvement with the kidnapping syndicate of Shailesh Bhatt.

Kotadiya, who was fingered as an accomplice during the interrogation of Kirit Paladiya in May this year had evaded arrest until Sunday, September 09. His arrest by the Ahmedabad Crime Branch police from Maharashtra’s Dhuliya was reported by ANI. This development is expected to fast-track the resolution of the particular case where Kotadiya is being indicted as an offender in the Rs 9.95 crore bitcoin extortion case of Surat.

The ex-MLA was declared wanted by the court after failing to turn up for questioning following a summon. The summon was as a result of an application filed by the CID (Crime) with respect to the above-mentioned offense.

Kotadiya, however, claimed innocence over the allegations, claiming that he was being framed. The case in question involves the abduction of Surat-based builder Shailesh Bhatt, and his associate and Kotadiya’s nephew Kirit Paladiya, in a bid to extort bitcoins from him, on February 11. However, investigations revealed the entire exercise to have been orchestrated by Paladiya, and had connived with SP Jagdish Patel and others to extort the crypto-currency from Bhatt and to share the spoils. https://blog.cofredcoin.com/2018/09/10/former-indian-po…n-extortion-case/ ‎

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Bitcoin Price Stable at $6,300.

On September 10, Bitcoin experienced an unforeseen spike in its price, rising from $6,190 to $6,450. Yet, the rest of the market has struggled to recover, demonstrating slow movements.https://blog.cofredcoin.com/2018/09/10/bitcoin-price-stable-at-6300/

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Build it They’ll Come Attitude in Crypto Doesn’t Work-Jackson Palmer.

Jackson Palmer, a product developer at Adobe and the creator of Dogecoin, has said that developers in the crypto community will now have to find a way to encourage users of centralized systems to convert to decentralized applications (dApps).

Decentralized systems and applications are significantly less efficient in processing information than centralized platforms. As such, incentivizing users of centralized platforms to switch to dApps could be even more difficult than developing decentralized alternatives.

“The ‘build it and they will come’ attitude simply doesn’t apply to ‘blockchain for X’ because it assumes that the bulk of users are currently so dissatisfied with the centralized version that they’d absorb typically large switching costs,” Palmer said. https://blog.cofredcoin.com/2018/09/10/build-it-theyll-…k-jackson-palmer/ ‎

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South Africa’s Central Bank Wins Award for its Ethereum Payments Blockchain.

Central Banking, a global central banking forum, has bestowed its FinTech & RegTech Award for Best Distributed Ledger Initiative to South Africa’s central bank for its successful Project Khokha, which successfully used an Ethereum blockchain platform to process interbank payments and settlements.

The test demonstrated that distributed ledger technology (DLT) can enable digital as opposed to analog transaction processing, offering significant improvements for global transactions. Central Banking noted on its website that the test’s success demonstrates the need for regulators to address banks’ security and privacy concerns to improve global transaction processing. https://blog.cofredcoin.com/2018/09/10/south-africas-ce…ments-blockchain/

 

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