Jolly5 Mining, New York, NY (2026)

07/26/2019

SEC Allowed One Company To Issue Tokens Without Registration Solely For Gaming Interactions

The American Commission for securities and exchange, published a decision on July 25, to freed one crypto gaming company to issue blockchain tokens. Those cryptos do not need registration, assuming that tokens are not securities.

SEC allowed Quarters to sell and market without registration as a securities

The announcement came via Commission's website, as a reply to an apparent request from the company Pocketful of Quarters (PoQ) on its suggested "Quarters" tokens.

The first person of the SEC's FinHub Division, Jonathan Ingram wrote about this occasion that the Division would not support pressure action to the Commission. "PoQ offers and sells the Quarters without registration under Section 5 of the Securities Act". He also added they are not registered Quarters as a class of equity securities under Section 12(g) of the Exchange Act."

SEC's judgment is based on the various specifications that the company made in the initial request. It includes the requirement that PoQ will market and sell Quarters only to gamers and to be used as a method of entering and interacting with Participating Games."

Additionally, the terms also reportedly specify that everyone who posses Quarters can only transact with PoQ or "Approved Accounts. So, it must be a subject to initial and ongoing KYC and AML regulations.

Gaming Crypto Rewards

According to the official website, PoQ implies to offer "great prizes" to its gamers for scrim tournaments at famous games like PUBG, Fortnite, and CSGO. On the company's investment page, they specify that investors get a part of Quarter sales royalties in Ether, and can claim their rewards by a smart contract.

A six-grater, co-founder and CEO of the company

George B. Weiksner created the Pocketful of Quarters as a co-founder. He is a sixth-grader who is now listed as PoQ's current CEO. It seems like Weiksner is a regular speaker about cryptocurrencies and games and already was published by Marketwatch and ICO Investor TV.

His company is concentrated on offering crypto rewards in the gaming sector. Furthermore, Refereum has announced that it is working on a promotional campaign in the popular fight royale game PUBG. Eight million buyers will be able to earn token rewards by completing various tasks and quests associated with the game, up until August 20.

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07/25/2019

While the Desktop Crypto Mining Malware is Slowly Dropping, Cloud Computing Abuses Are Becoming More Common

SkyBox Security has released a new report that indicates the drop in the popularity of crypto mining malware since the beginning of the year. However, the same report suggests that cloud computing attacks (attacks that create hundreds of infected computing containers online) increased dramatically in the same time interval.

Desktop crypto-mining malware is in decline

Malicious crypto miners were a flawed tool of cybercriminals in 2018. In this year, their exploitation has been reduced to only 15% malware attacks, with rising ransomware, botnet, and backdoors that occupy places, according to the Skybox Security report. On the other hand, the vulnerabilities in cloud containers are at the peak of at least 46% compared to the last year. Also, comparing with 2017, they are at an incredible 240% compared to 2017.

It is common that the crypto-malware like Nanshoo campaign has infected tens of thousands of computers, forcing desktop computers to mine various cryptocurrencies, especially bitcoin through distributed control systems. The software was targeting the IT, healthcare and media companies, and some data suggest that similar software infects more than 700 new computers per day.

Cloud Computing Exploits Are New Threat

The new way of abuse, however, is in the cloud container. These remote services, run by big providers, like Amazon and Google, are often neglected and can be abused to process enormous amounts of data. Worst of all, hackers can immediately repeat these containers, creating a virtual army of 'zombie machines.'

Cloud technology is evolving, so it's not surprising that its exposure to abuse is getting bigger; the thought comes from SkyBox Security.

The biggest concern is the fact that the race in which the attackers will develop exploitation as the launching of a successful attack on the container could have much wider consequences. Compared to other technology, containers can be more diverse and faster replicated. The seizure of the attack could expand rapidly, and the number of victims could be extremely high.

Unfortunately, vulnerabilities are rising

As they explained in SkyBox, companies could be drowning for some time in a flood of vulnerability. Over 7,000 new vulnerabilities were discovered in the first half of the year, which is significantly more than the figures we saw for the full year before 2017. Further, because these attacks cost computer cycles, they can run large accounts for the victims, which additionally adds financial injuries to attacks.

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07/24/2019

The New York Times: Blockchain Technology Against Fake News

Back in March, The New York Times Company has revealed their plans to get involved in ongoing blockchain publishing experiments. This week, the company announced a new website for the publisher’s News Provenance Project.

With the announcement also came the explanation how the storied newspaper’s Research and Development team intends to use the blockchain permitted by the Hyperledger Fabric to verify news photographs in partnership with IBM Garage, the tech giant’s accelerator program.

Readers become more indifferent to News

The project aims to battle false information and corrupted media, that are hitting small as much as large publishers alike. There are more and more situations when readers are being deceived and confused…eventually; they become fatigued and apathetic to the News content.

Contextual Metadata

The New York Times and partner companies are attending to provide a proof-of-concept starting now, until the end of 2019 to find a way to keep the truth and trust in digital files. The project intends to store a news item’s “contextual metadata” on a blockchain. It includes time and places where a photo or video was shot, who took it and data regarding how it was edited and published.

To make a set of signals that can travel with published media anywhere that material is displayed - that is the original idea according to the website, including on social media, in group chats and also search results.

The Times aimed to enter the blockchain experiment a months ago

The New York Times plans to issue updates on the project with the time, completing in a full report following the pilot’s conclusion.

The Civil Media CEO Vivian Schiller, who was formerly with the New York Times, tweeted about and a lengthy Medium post from Sasha Koren, the head of the program’s project.

For a couple of months, The New York Times was preparing to enter the blockchain experiment and using new technology to make its work ease and more trustful. They posted then quickly removed – a want ad for a project leader.

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07/23/2019

Iran Has Finally Legalized Crypto Mining

Iran officially recognizes cryptocurrency mining as an industry within its borders

According to the latest news from Iran, this country has introduced crypto-mining into legal flows. On Sunday, the Economic Commission finally approved the Chamber of Commerce, Industry, Mines, and Agriculture of the Iranian Government, to carry out all the job related to the crypto mining industry and with all the necessary permits and legal support. From that point on, the government is seeking ways to regulate this activity within its existing legal structure.

Following the introduction of new legal provisions, Governor of the Iranian Central Bank, Abdonnasser Hemmati, said the government's economic commission approved the mechanism for issuing crypto coins. He also said they would form a discussion group in the future in a meeting of the government of Iran.

Deputy Energy Minister for Electricity, Homaiun Haeri, said ministers in the government would vote on a measure to approve the price of electricity for mining farms.

The interest actually comes from the cheap electricity

Last month, we recalled, the Iranian authorities have been in a dilemma as to whether crypto mining should be included in legal flows, primarily because of the enormous concerns about uncontrolled use of electricity. The government even seized the equipment and closed several mining farms in this country, until further notice. It has been suggested to find a particular way of pricing the energy for those who deal with mining. The solution must be contrary to the already massive percentage of abuse of subvention power provided by the state to institutions such as schools or mosques.

However, the region is attractive to miners precisely because of cheap electricity prices.

What will happen with the cryptocurrency usage in Iran?

At the moment when crypto mining becomes a legitimate specialized industry in Iran and gets a temporary green light, the question arises as to how the use of the mined coins will be regulated. It is not yet defined whether the official position on the use of the cryptocurrency for domestic payments will change, and in which direction.

At the end of January 2019, the Central Bank of Iran proposed the ban of the crypto, and to be prohibited for domestic payments, even though local industry actors rejected such a prohibition. Two Iranian citizens, Ali Khorashadizadeh and Mohammad Gorbaniian, remain the only people on the sanctions list of the US State Department to control foreign assets related to bitcoin operations, their alleged role in facilitating payments for SamSam Ransomware.

Although Ghorbaniian admits that he has facilitated these payments, he insists that he was not aware of the origin of these funds.

http://www.jolly5-mining.com/ #/news-details/17fdeba4-875f-4bb2-9551-021473c8483e

07/22/2019

Due To The All-time Highest Hash-rate, Bitcoin Network Is Stronger Than Ever

Now, when Bitcoin is passing another milestone as hash-rate is approaching its highest ever, it has more computing power behind its security than ever before, according to Blockchain data.

This monitoring resource verified that, on July 20, the total hash rate of the Bitcoin's network touched a peak of 79 tera-hashes per second (TH/s).

A harsh rate milestone

Hash-rate is a broadly accepted measure of how much robust transaction security has become. It has broken multiple records in recent weeks and months, and all-time highs had come around June 21 (65 trillion TH/s) and July 1 (70 trillion TH/s).

The figure receded over the weekend after kicking the 79 trillion mark. On Sunday, the hash rate total was reported at 67.1 trillion TH/s, regularly alternating while still setting a general higher trend.

Eight-time more computing power

Bitcoin network now has almost eight times stronger computing power than from the time when Bitcoin was around $20,000 in late 2017.

Although, the report came despite a pause that Bitcoin had in the earnings, which fell off recent highs of $13,800 two weeks ago.

Since then period, regulatory pressure has seen markets fall as low as $9,125, something which failed to weigh on network performance. Bitcoin's transaction fees also remain low, notwithstanding fluctuations in price and its volume.

Resolving mining performance until May 2020

Bitcoin mining had turned a corner since the oldest cryptocurrency hit the bottom of the bull market in December last year. Now, it has the opportunity to revolve around the May 2020 block reward halving increasingly. Some new analysis predicts Bitcoin price would probably see more influence from miners over the next year.

The block reward halving will see the number of new Bitcoin miners can claim per block of verified transactions decrease from 12.5 BTC to 6.25 BTC. A mining difficulty, which has also hit new highs lately, will hopefully see further progress of its own as hash rate continues to expand.

http://www.jolly5-mining.com/ #/news-details/883d5003-a384-44f7-9c9d-25ac05bce43f

07/19/2019

GFSC Financial Framework Based on DLT Technology Within the Mexican Exchange Bitso

From the announcement reviled on July 16, the Bitso, which is a Mexican crypto exchange, will be managed by the GFSC or Gibraltar Financial Services Commission, starting the August 1.

Financial structure made to regulate DLT sector

As it comes from the Bitso, and for the first time in South America, the custody, all withdrawals, deposits, and cryptocurrency trading on their platform will be under the jurisdiction of the GSFC. This financial service from Gibraltar has a special framework essentially evolved to regulate businesses in the distributed ledger technologies (DLT) sector.

GSFC’s financial framework was finalized in January 2018 with the focuses on securing strong consumer protection and security. Still, Bitso explains this kind of structure is conveyed through the application of principles rather than firm rules and is thus implemented to keep pace with the innovation in the DLT sphere.

DLT Licences issued by the agency

So-called DLT license issued by the agency to the successful applicants like Bitso is, advanced the overseas United Kingdom territory regulator a status as a proactive and forward-thinking player in the global area.

Bitso chose the partnership with the GFSC during the meeting with the regulator’s team at the international FATF forum. With compliance into Gibraltar’s crypto regulatory administration, the exchange reports it also continues to work closely with local financial regulators in promoting the performance of the Fintech Law in Mexico.

Crypto regulatory boundaries

When we talk about the user experience, the Bitso noticed - when using the Mexican pesos, clients continue to use existing services like SPEI, or Bitso Transfer — what means they will still be under the operational overlook of Bitso SAPI. De CV, under the Mexican Fintech Law.

From August 1, all activities will fall within the field of the GFSC Regulatory Framework. The firm promises to maintain the transparency and a strict separation between services provided in Mexico and services rendered in Gibraltar.

Huobi is another significant crypto player who sealed a DLT license from the GFSC last year, a couple of weeks after the Gibraltar Blockchain Exchange or GBX granted one.

The European Economic Area have plans for next spring to regulate Gibraltar Stock Exchange, so it published listings of blockchain-powered securities on the GSX Global Market.

Back in February 2018, Gibraltar announced a draft bill for initial coin offerings (ICOs), drawing industry-wide matter.

http://www.jolly5-mining.com/ #/news-details/14460d09-0768-4a8c-9897-17b692bab4af

07/17/2019

AMF Suggests Experimental Regulatory Framework for Crypto Companies in France

AMF or the Financial Market Agency is the largest and most influential financial organization in France. According to the latest news, this financial watchdog has an experimental regulatory framework in which crypto-related companies will be ranked, and the project will begin at the end of July, according to Reuters.

The legal framework will include capital requirements, tax obligations, and consumer protection protocols. All crypto-oriented companies and other entities from the crypto industry will have to respect these rules, and in return will receive regulatory approval.

The Financial Market Agency wants an experimental regulation for the crypto market

Anne Marechal, the Executive at Legal Affairs at AMF, characterized this experimental project as the "precursor" of crypto-specific legislation in the world, generally considering that this is not an uncoordinated application of financial regulations that arose prior to the emergence of the asset class.

AMF Request to French banks from April

France has previously propagated a regulatory regimen under the "tit for tat" system. A few months ago, the AMF issued a request to banks to open accounts for all the crypto-related companies that comply with the regulations. Part of the PACTE laws, crypto-exchanges and administrators have also been expanded with an "option" for getting an operational visa.

Also in April, French Finance Minister, Bruno Le Maire gave a proposal in front of the EU, to take into account the "French experience" and to use PACTE's guidelines for establishing a particular regulatory framework for the cryptocurrency in the single market of the European Union.

Such legal measures, practically unlimited, were aimed for the growth of small and medium-sized enterprises. The thoughts are divided. While some governments around the world, as well as organizations or industry leaders, have explicitly called for self-regulation or ignore laws, some believe that clearer rules regarding the sale, distribution, trading of cryptocurrencies will bring benefits rather than interfere with the crypto industry.

Many will follow any kind of regulatory frame

One of the founders of the LGO exchange, Frederic Montagnon, stated that the worst thing that can happen to an entrepreneur is to start developing his business in spaces without fixed regulations, and ultimately finds himself in an imposed unfavorable regulatory framework that could jeopardize the company.

AMF's first-person, Anne Marechal, added that, at the moment, several crypto-exchanges are in negotiations on the regulatory framework with this financial watchdog of France, which is also ready to approve "three or four" ICOs. Specificities are expected after the supervisory authority publishes regulatory guidelines.

http://www.jolly5-mining.com/ #/news-details/b7338b0e-90f1-4aff-bc73-c02c1e0020b9

07/16/2019

One More Town in Canada Is Introducing Bitcoin For Tax Payments

In a press report published on July 15, Coinberry revealed it had begun negotiations with one Canadian city to provide Bitcoin payments for property taxes.

Second municipal partnership for tax payments with Bitcoin

Coinberry is a trading platform and Canadian crypto solution provider. It struck one more municipal collaboration, this time with the City of Richmond Hill in the Greater Toronto Area. The Council voted on July 10 in favor of cementing an agreement with Coinberry to support Bitcoin (BTC) property tax payments for citizens and firms in this town's jurisdiction.

In less than a six months, Coinberry made second municipal venture within this new partnership. The firm previously implemented the same crypto payment method with the Town of Innisfil, in the same rea of Toronto.

The role of the Coinberry

Besides being a trading platform service, Coinberry is a Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). It is a registered firm that has been converting multiple cryptocurrencies into Canadian dollars to compensate property tax payments with Innisfil town. This way, the municipality itself does not hold any crypto directly. The company offers the same solution for Richmond Hill.

After they finalized the negotiations, the municipal of this Canadian city expected to report back on the possibility they could implement Coinberry's technology for further payments of other City expenses and more services until the September 30.

The Council's of the Richmond Hill made an affirmative vote in favor of crypto payments. It means that the city is legally authorized to enter into a contract with Coinberry as soon as they complete discussions.

The municipality's deputy mayor Joe di Paola indicated that the city believes that the need for a cryptocurrency payment opportunity is only going to improve in the future years. It is a millennials' thing. The City Council saw the successful implementation of a crypto payment method in Innisfil, and since there was no expenses and no risk to do the same, the municipal made the decision.

Tax payments by Bitcoin first in Ohio, U.S.

Previously, the state of Ohio became the first to authorize businesses to pay taxes using Bitcoin. Companies are allowed to settle 23 different taxes with crypto within an online portal that was set by the state treasury office.

http://www.jolly5-mining.com/ #/news-details/142529ab-da0b-4f28-a9b4-84f899c10d17

07/15/2019

Blockchain Patent From The Largest Korean Credit Card Firm Shinhan Card

Blockchain-based payment system

According to The Korea Times, the most famous South Korean credit card company, Shinhan Card, has received a patent for a payment system that will be using a blockchain.

In the same press release, it was also announced that the representatives of the financial group Shinhan are delighted that they have developed such a "first in the world" service based on blockchain technology. Furthermore, the new technology offers the functionality of credit cards, including the setting of a cost limit, the making of monthly installments and payments to traders.

Officials of Shinhan Card about a new patent

The company told Korean media that services that use these principal credit card features would expand to a blockchain-based system. The company thinks this is a significant improvement, with most blockchain-based services limited to wiring cash or identifying users for online transactions.

The new patent could, according to them, introduce credit cards without cards. Such transactions would allow payment system users to use simple applications on their smartphone devices. In such a development process, such news would disrupt the traditional card system based on three intermediaries: a credit card company, another to a value-added network provider (VAN) and, finally, a payment network.

Shinhan Card Company concludes that the patent was acquired approximately a year and a half after they started a feasibility study, including technological reviews. The filing of a patent on the official website of the Korean Information Services for Intellectual Property Rights may provide an overview of the invention through an informal translation.

"A blockchain generating unit for generating a blockchain including a virtual currency made by a credit limit of a consumer and updating the blockchain according to the payment particulars, and a transaction creating unit for storing transaction conditions corresponding to each of the plurality of accounts and for making settlement using the blockchain according to the transaction conditions "

Shinhan Card wants to extend credit patents to Europe, USA, Japan, China, Vietnam, and Indonesia

Earlier this year, a related company - Shinhan Bank stated it was using blockchain technology to speed up the process of approving credit products. In particular, the bank would use the blockchain platform to verify the evidence needed for credit lending, such as qualification or certification documents.

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07/12/2019

What Is the Cheapest Place For Crypto Mining?

The crypto winter is finally over. It lasted for almost the whole of 2018 and got across into 2019. All those who survived are now preparing for another crypto market era, hoping to be ready this time if such a collapse occurs again.

Yet, some players stayed untouched during the crypto winter. It's true, they couldn't profit as much as they wanted from mining Bitcoin, but they didn't lose almost anything. Somehow, they were still sailing without having to lay off staff or cut costs.

Countries that succeeded to provide such an ecosystem

What countries could provide such an environment for the companies in the last period? What kind of laws apply there and how much did it cost to run a Bitcoin mining with no problems?

Precisely three of them in the entire world gave such opportunities for big shuts in the Bitcoin mining industry. Their crypto mining policies absolutely had a hearing for surviving.

Iran

The first of the countries is definitely Iran. Yes, recently, the Iranian government is acting a bit sketchy towards cryptocurrencies. Their previous internal policies of not treating crypto miners but banning crypto trading were working out more or less alright.

In the past period, it was more than a profitable to mine cryptos and miners were not disturbed by the authorities. During 2018, mining one Bitcoin was around $3,700, including all of the expenses on electricity and staff. So, companies that were dealing with crypto mining didn't have to cut too many costs or seize their actions thoroughly. The reason is in subsidies on energy consumption in Iran. The Ministry of Energy in Iran would pay more than half of the actual payment for the amount spent so that the residents would have at least some benefits in terms of finances.

It seems that the Iranian government starts to face some financial troubles these days, after resumed tensions with the US and therefore will have to cut back on the way too many subsidies. After that, crypto miners will have to, either pay more for the energy they consume or simply leave the country.

Georgia

Georgia doesn't really get emphasized a lot with the mainstream blockchain media. Yet, this country is a leading cryptocurrency mining place right after the United States.

Georgia was mining around 15% of available Bitcoins in 2017, that puts the country to the third place behind the US and China. There's a high possibility that Georgia could move to the second position and potentially become a world's crypto hub in the future.

In this country, so many local businessmen are devoting a large part of their net worth to make a personal crypto mining farm, mining Ethereum or Bitcoin. But the largest crypto-miner in Georgia and probably in the world is, of course, Bitfury, and no one of them can't compare with its computing power.

From those reasons, the mining industry is booming in Georgia. The first one is cheap electricity (mining one Bitcoin cost around $3,500 when cryptos were at their lowest).

The local labor power is also very cheap due to the weak economy and inflation.

The third reason is only 20% of revenue tax and the VAT of round 18. Compared to other countries, it's nothing. Moreover, there are no taxes on crypto capital gain, so the miners can quickly become institutional investors beside large private traders.

Venezuela

This Latin country is not the largest crypto mining country in the world, but it has definitely been classified as the most affordable option around the globe. In Venezuela, the miners are paying around $550 for every mined Bitcoin, and that was when BTC was worth approximately $12,000.

Even compared to other crypto-friendly countries, it is a little cost.

The main reason is the country's capabilities of maintaining very low prices on energy due to their massive oil reserves and multiple other sources.

Another thing, in Venezuela, workers are getting salaries that are practically non-existent compared to the profits that the miners can manage.

Yet, the Venezuelean government has started to impose severe restrictions on local mining operations as well as various trading currencies. All this happened intending to promote Petro, their own national cryptocurrency backed by oil.

Unfortunately for Venezuela, it seems like nobody is interested in using Petro, maintained by the government, who has already provoked hyperinflation with the national currency the Bolivar. But if we ignore this above, it is actually quite cheap to mine Bitcoin in Venezuela.

http://www.jolly5-mining.com/ #/news-details/db462a29-8501-4b57-9345-944e14fbde2d

07/11/2019

Opera's New Built-in Crypto Wallet Now Supports Bitcoin and Tron

Opera's Built-in Crytpo Wallet version 53 beta

The popular internet browser, Opera, announced the Android Opera version 53 beta, a crypto wallet that just starts backing Bitcoin (BTC) and Tron (TRX). In an official blog post from July 10, the internet browser developer announced that customers who use Opera for Android now have the opportunity to send and receive BTC, TRX, and TRC-10 standard blockchain-based tokens.

Web 3.0

Also, the webpages can demand and receive addresses for users to complete their bitcoin transactions. Opera describes this other functionality as "an experimental integration of Web 3." This term was initially minted to refer to the ambition to develop a semantic internet and is frequently used to refer to the evolution of a more intelligent, open and distributed web, concerning the blockchain usage, decentralized computing, and cryptos.

To recall, Opera's built-in crypto wallet already supports Ether (ETH) and ERC standard tokens. As the company's blog post suggests, bringing bitcoin support to Web 3.0 will help the asset to be used not only for speculation and the storage of value but also for payments.

Within the new Android version, Opera had initially launched TRX and TRC-standard token support for its built-in crypto wallet this May.

The internet browser has incrementally rolled out various developments of Web 3.0, wallet and decentralized application (DApps) interactions for its suite of browsers.

In the same time, the firm has continued to explore the development of future blockchain apps within its other products and ecosystem, bu using a partnership with blockchain advisory and financial services firm Ledger Capital.

Other side' blockchain-based smartphone projects

Other significant players who are developing blockchain smartphone field include electronics supplier Sirin Labs. This company launched its first blockchain-based smartphone last year in winter, with a cold-storage crypto wallet and that also holds the possibility of encrypted communications.

One more electronics giant HTC also rolled out in-wallet cryptocurrency trading this spring, for its users - the blockchain-powered Exodus 1 smartphone and Exodus 1S smartphone.

And at the end, a technology giant from South Korean Samsung launched the Galaxy S10 smartphone includes storage for private crypto keys — published the release of its blockchain and Decentralized App Software Development Kit.

http://www.jolly5-mining.com/ #/news-details/fba1a0e3-79bb-41d5-b45c-25a378c89fc4

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