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24/08/2018

Masternode Investment with Wealthsilo

What is WealthSilo?

27/03/2018

Malta Wants to Become The ‘Blockchain Island’, With World’s Largest Cryptocurrency Exchange

This week, Binance, the world’s largest cryptocurrency exchange with a $1.7 billion daily trading volume, has relocated its headquarters to Malta, a region that has always been friendly to cryptocurrency businesses and investors.

Along with its current team, Binance has moved its resources over to Malta, and has decided to employ more than 200 full-time employees to fully establish the company in the region. For any multi-billion dollar startup like Binance, the relocation of headquarters comes with difficulties, especially in regards to finances and regulatory conflicts.

But, it seems evident that the pro-blockchain attitude of Malta authorities has given Binance confidence to relocate its team and business to the region, placing Malta at the forefront of cryptocurrency growth.

Malta, The Blockchain Island
Silvio Schembri, Malta’s Parliamentary Secretary for Financial Services, Digital Economy & Innovation, stated in an interview with the Binance team that the country remains confident in the work that is being done in the cryptocurrency sector. He further emphasized that Binance’s presence in the region would continue to allow Malta to evolve into the Blockchain Island.

“This is a clear vote of confidence in our country and the work being done in this sector, mainly by the latest policy launched to offer a regulatory framework of DLT operations. It is obvious that Malta has become a natural point of reference on the international sphere and companies such as Binance will continue to look into Malta to further expand their operations or establish a base. Binance’s presence in Malta sustains our vision, that of making Malta ‘The Blockchain Island,’” said Schembri.

In an official statement, the Binance team noted that Malta’s existing regulations and pro-blockchain legislation for its local cryptocurrency businesses ultimately convinced the company to invest in the European nation, after visiting and evaluating several regions.

Changpeng Zhao, the CEO at Binance who is better known as CZ, stated that the Binance team were inspired by the logical and forward-thinking nature of Schembri, and the rest of the Malta government.

“After meeting with Parliamentary Secretary, Mr Silvio Schembri, we were impressed by the logical, clear and forward-thinking nature of Malta’s leadership. After reviewing a proposal bill, we are convinced that Malta will be the next hotbed for innovative blockchain companies and a centre of the blockchain ecosystem in Europe. Binance is committed to lending our expertise to help shape a healthy regulatory framework as well as providing funds for other blockchain start-ups to grow the industry further in Malta,” Zhao said.

Influence on Other Regions
Recently, South Korean authorities have started to discuss the possibility of legalizing domestic initial coin offerings (ICOs) once again, after Kakao, the country’s largest internet conglomerate that operates KakaoTalk, KakaoPay, KakaoStory, KakaoStock, and KakaoTaxi, the country’s largest app that have nearly 90 percent market share of the messaging, payment, social media, online stock brokerage, and taxi service markets, revealed its plans to move its blockchain venture outside of South Korea.

Inevitably, startups and multi-billion dollar conglomerates will relocate to regions that are equipped with pro-blockchain legislature and are led by forward-thinking regulators. Malta’s warm welcome of cryptocurrency businesses and exchanges will likely influence other regions, like Japan and South Korea, to continue providing sound regulations to businesses to ensure their markets can grow exponentially, without regulatory conflicts.

27/03/2018

Ripple, Santander Join Forces To Launch International Money Transfer App

Spanish banking giant Santander is going to launch an international money transfer app in the next few months thanks to a partnership with fintech startup Ripple, according to Business Insider. The app will reportedly rely solely on Ripple’s xCurrent and RippleNet.

Speaking at the International Fintech conference in London, the bank’s UK CEO, Nathan Bostock said:

Bostock didn’t reveal when the blockchain-based app would be launched, and a Santander spokesperson refused to comment the development when contacted. Back in January, Santander CEO Ana Botin revealed the payments app was coming in the group’s 2017 results presentation.

It will be available in Spain, Brazil, Poland, and in the UK. At the time she revealed it’s set to integrate Apply Pay for payments between £10 and £10,000 ($14 and $14,000). The app’s goal will be to enable same-day international payments in about 40 seconds. It’s set to provide users with a digital wallet and a personal finance manager, while facilitating peer-to-peer payments.

Santander has notably invested in Ripple in 2015, and again in 2016. Reports claiming the bank has been trailing Ripple’s technology for an international payments app with its staff have been around since 2016.

The payment app’s users are set to not only see their international payments get settled in under 24 hours, they’ll also find out up front how much a transfer will cost them. Traditionally, international transfers use various meddle men who take their cut, meaning the final sum is almost always less than what was sent.

This year Ripple has been securing several partnerships. It partnered with MoneyGram to speed up fiat currency settlements, and with a consortium of 61 Japanese banks to create an instant payments app. The fintech startup further partnered with a South Korean bank for “commercial” cross-border remittances.

Ripple’s XRP token is, at press time, trading at $0.64, as it is up 1.86 percent in the last 24-hour period. XRP is currently the world’s third largest cryptocurrency by market cap, with a total value of $24.5 billion.

20/03/2018

Now Twitter is also banning cryptocurrency advertising

A snowball effect has been caused by Google and Facebook’s recent decisions to ban ads related to cryptocurrencies and ICOs, and Twitter is now following suit.

According to a report from Sky News, the micro-blogging social media platform will roll out a new advertising policy within the next two weeks, and the new rules will put a ban on crypto ads for wallets, token sales, and ICOs.

Ads for cryptocurrency exchanges will also be banned, though some exceptions will be made.

Though the move isn’t entirely surprising, it comes very quickly after Twitter’s decision to begin banning accounts tied to using cryptocurrency to scam users out of false investments.

Mark Carney, governor of the Bank of England, recently told Sky News: “There are a number of problems with cryptocurrencies. They are small now but they are getting bigger. We will talk about them at the G20 meeting and we are talking about them now in the Bank of England. The Financial Policy Committee is looking at the risks to financial stability.

“There are issues for authorities who deal with money laundering, terrorist financing, and price fixing. There have been a number of incidents of theft – not just big crimes but also steady thefts from people’s wallets.”

09/03/2018

08/03/2018

Any issues with Binance?

Binance Liquidates User’s Altcoin Holdings Due To Unknown Issue

“WTF is happening! Binance just sold all my alts at market rate and I have got just the Bitcoin now. Is it because of account getting hacked or binance bot issue?"

Binance, one of the biggest cryptocurrency exchanges in the world, is currently dealing with a problem, as it’s liquidating user’s altcoin balances at market price, without warning them or getting their consent. On social media, speculators claim Binance may have been hacked.

According to various users on Twitter and Reddit, the cryptocurrency exchange, which often sees daily trading volumes above the $2 billion mark, just seemingly sold their altcoins for bitcoin. Describing his experience, one Reddit user stated:

Read more :

Binance is currently dealing with a problem, as it’s liquidating user’s altcoin balances at market price, without warning them or getting their consent. On social media, speculators claim Binance may have been hacked

08/03/2018

Putin’s Orders: Russia Prepares to Legalize Cryptocurrency Markets by July 2018

Russian authorities are planning to pass new legislation that would effectively legalize cryptocurrency markets by summer 2018.

As revealed in a report by the Russian parliament’s official publication on March 1, Russian president Vladimir Putin has set a deadline on July 1 for relevant cryptocurrency legislation to be adopted in the country.

The report specifically points to two draft laws centered on blockchain technology that has been developed so far. Russia’s Ministry of Finance has put the spotlight on legal guidelines for the issuance of initial coin offerings (ICOs) while the country’s central bank has prepared a separate draft law on crowdfunding.

The report suggests that the two authorities have agreed upon the main regulatory moves on cryptocurrencies, save for one major contradiction when it comes to cryptocurrency exchanges operating in the country. In essence, the central bank isn’t keen on retail traders and investors participating in cryptocurrency trading.

Detailing the lack of consensus further, State Duma Committee for Financial Markets chairman Anatoly Aksakov explained:

“The central bank is against the legalization of this type of digital currency since in this case, citizens can start actively investing in crypto-tools, not taking into account possible risks.”

A separate bill on digital assets – to be submitted to the Russian Parliament this month – will aim to establish governance rules surrounding cryptocurrency mining. Individual entrepreneurs will be allowed to enter mining pools established by legally recognized entities and “conduct activities to extract cryptocurrencies that do not fall under the criteria of industrial mining,” said Alexei Mostovshchikov, chair of the Expert Council of the Youth Parliament under the Russian Duma.

Aksakov further stressed that both bills, from the central bank and the finance ministry, will be submitted to the chamber this month.

08/03/2018

North Korea May Have Netted $200 Million in Bitcoin Transactions, Says Former NSA Officer

A former NSA officer claims North Korea could have made 11,000 BTC last year using a cyber army
The regime has been accused of being responsible for the WannaCry ransomware campaign, and for taking down South Korean exchange Youbit
The country denies all hacking accusations.

Read more
Link : https://www.cryptoglobe.com/latest/2018/03/north-korea-may-have-netted-200-million-in-bitcoin-transactions-says-former-nsa-officer/

26/02/2018

Which factors determines the price of crypto-currencies?

• Limited Supply and supply/demand.
• Energy put in in the form of electricity to secure the blockchain.
• Blockchain difficulty level.
• The utility of the currency, and how easy it is to use and store.
• Perceptions on its value by the public.
• Price of Bitcoin.
• Media.
• Investors.
• Scams.
• Market dilution.
• Innovation.
• Confidence in traditional systems.
• Legal/Governmental issues.

To know more check out the link below

Link :

Supply/Demand Precious metals gain their value/perceived value due to their utility and limited supply, and price is often tied to ...

24/02/2018

What is crypto-currency mining?

Mining is just a term people use to describe using a semiconductor computing hardware in combination with a specific software algorithm to process workload for a system which facilitates communications/transactions/exchanges, and in return for providing this processing power to the system, each processing hardware is rewarded by the system with a token, or a share of such token when a "pool" of processing units work together to share the work load.......

Check out the full article
LINK :

Mining is just a term people use to describe using a semiconductor computing hardware in combination with a specific software algorithm t...

21/02/2018

WHAT IS BLOCKCHAIN?
In simple words and easy to understand
http://salmanblockchain.blogspot.in/2018/02/blockchain-explained.html

This page is all about crypto-currencies. Admin of this page is very well known for giving paid consultancy for crypto online.I would like to share my knowledge on crypto-currency mining, ICO, Investments, blockchain technology, analysis and price alerts.

24/11/2017

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LINK :- https://bitconnect.co/?ref=ghosttrader

https://www.youtube.com/watch?v=IbcAU0uRQFo

This page is all about crypto-currencies. Admin of this page is very well known for giving paid consultancy for crypto online.I would like to share my knowledge on crypto-currency mining, ICO, Investments, blockchain technology, analysis and price alerts.