South Korea’s Crypto Exchange Komid Exchanges Top Executives Arrested

Two senior officials including the CEO of the South Korean cryptocurrency exchange, Komid have been arrested for inflating trade volumes. The CEO of the crypto-exchange was sentenced to 3 years in jail while the other undisclosed employee received a 2-year jail sentence for being involved in fraud, embezzlement and misconduct of its crypto-exchange operation.

The post South Korea’s Crypto Exchange Komid Exchanges Top Executives Arrested appeared first on Incrypts.

South Korea’s Crypto Exchange Komid Exchanges Top Executives Arrested

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

Blockchain 101 · Crytpo Currency Market
—————————————————
Trezor: Hardware Wallet
Binance: Exchange for Traders
Ledger Nano S: Hardware Wallet
Coinbase: Exchange for Investors
CoinSwitch: Wallet-to-Wallet Exchange

Coinme teams up with Coinstar to offer Bitcoin purchasing facilities

Washington-based Coinme, which has operates Bitcoin ATMs signs deal with international coin counter Coinstar to offer Bitcoin purchasing facilities in thousands of new locations. Neil, Coinme’s CEO commented “Bitcoin is now accessible at your local grocery store via Coinstar kiosks, and this offering will make it even easier for consumers to access this dynamic new economy.”

The post Coinme teams up with Coinstar to offer Bitcoin purchasing facilities appeared first on Incrypts.

Coinme teams up with Coinstar to offer Bitcoin purchasing facilities

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

Blockchain 101 · Crytpo Currency Market
—————————————————
Trezor: Hardware Wallet
Binance: Exchange for Traders
Ledger Nano S: Hardware Wallet
Coinbase: Exchange for Investors
CoinSwitch: Wallet-to-Wallet Exchange

Security Token Offerings (STOs) Could be Big For Korean Crypto Industry

If 2017 and early 2018 were seen as the year(s) of the ICO then 2019 could well be the year for the STO, security token offering, according to latest research from South Korea.

Security Tokens Still Need Regulation

Initial coin offerings were seen as a great way to launch a project by selling tokens for it in cryptocurrency, which was predominantly Ethereum. However the scammers and shysters soon took advantage of this relatively easy way of making money at the behest of the uninitiated, and on the back of the wave of fomo that was gripping the digital world this time last year.

A large number of ICOs were revealed to be scams with fake teams and non-existent projects. This caused a tsunami of regulatory pressure and kick started the crypto bear market which is still ongoing today.

Security tokens could well be the answer as unlike the majority of crypto tokens they are actually backed by physical assets. They share traits with conventional financial products such as stocks, bonds and derivatives and provide a way for investors to buy a digital stake in a commodity by owning a crypto token backed by it.

According to Business Korea the country’s leading blockchain research centers, Chain Partners’ CP Research and Coinone Research Center, have identified STOs as the next big thing for the crypto industry.

CP Research added that they provide a solution for assets that are difficult to liquidate such as real estate or art. It said that 2019 will see the establishment of an STO infrastructure and the market will grow to an estimated $2 trillion by 2030. The research noted that real estate and venture capital funds have already become tokenized but adoption may still be hindered in South Korea due to its current regulatory stance. According to the report, regulators still claim that cryptocurrencies and blockchain are two different things which could be sending domestic companies abroad to launch STOs.

Coinone Research released a similar report but had a different take on the situation stating;

“STOs which focus only on the liquidation of assets will eventually create a lemon market where only worthless assets are traded. Concentrating only on the possibility of liquidation is a dangerous thought,”

The warning is that this type of investment practice could cause another economic crash similar to 2008 where mortgage backed securities were issued excessively. The purpose of such research was to push the Korean government into formulating clear and concise STO regulations in order to promote healthy investment markets.

Image from Shutterstock

The post Security Token Offerings (STOs) Could be Big For Korean Crypto Industry appeared first on NewsBTC.

Security Token Offerings (STOs) Could be Big For Korean Crypto Industry

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

Blockchain 101 · Crytpo Currency Market
—————————————————
Trezor: Hardware Wallet
Binance: Exchange for Traders
Ledger Nano S: Hardware Wallet
Coinbase: Exchange for Investors
CoinSwitch: Wallet-to-Wallet Exchange

Universal Basic Income (UBI) Gains Reason as Recession Fears appears Real

The Bird eye view of global economy at dawn of 2019 America’s record trade deficit, Britain’s no-deal Brexit and China’s falling exports makes to appear fears of a recession logical. But it makes universal basic income (UBI) concept whereby every individual is granted a minimum wage to cover basic needs a must in coming days.

The post Universal Basic Income (UBI) Gains Reason as Recession Fears appears Real appeared first on Incrypts.

Universal Basic Income (UBI) Gains Reason as Recession Fears appears Real

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

Blockchain 101 · Crytpo Currency Market
—————————————————
Trezor: Hardware Wallet
Binance: Exchange for Traders
Ledger Nano S: Hardware Wallet
Coinbase: Exchange for Investors
CoinSwitch: Wallet-to-Wallet Exchange

BitTorrent Announces BTT Airdrops for Tron TRX Holders

The BitTorrent token sale is one of the largest and most talked about ICOs of the year. In an effort to boost sales for the new token and the price of Tron, the company has announced a series of airdrops.

Incoming BTT for Tron Hodlers

Starting on February 11 this year and ongoing until 2025 BitTorrent will be distributing BTT tokens to holders of Tron’s TRX. The initial snapshot will be taken when the block height reaches 6.6 million, a counter can be viewed on tronscan.org.

The announcement states that based upon this snapshot the BitTorrent Foundation will initiate the first airdrop of 10,890,000,000 BTT, which corresponds to 1.1% of total circulating supply. Over the following 12 months a further 11.88 billion BTT will be issued to TRX holders increase the fraction of the total to 1.2%. The percentage airdropped will increase by 0.1% per year until it reaches 1.7% in 2025 whereby the figure will be 1.4 billion tokens per month. The medium added;

“To reward TRON’s long-time TRX holders, the BitTorrent Foundation also plans to airdrop additional 99,990,000,000 BTT, during online and offline events, corresponding to 10.1% of the total circulating supply.”

Tokens will be issued on a one to one ratio meaning one TRX gets one BTT and there is no minimum TRX to be held. There has yet to be any confirmation on what exchanges will be supporting the initiative but it is likely all the major ones will. Justin Sun took to twitter to warn users about scams “Be careful with scams. Official airdrops will be announced on our social channels, website, and blog.”

niTROn Summit a Success

Tron has just concluded its first summit during which the BitTorrent token sale was detailed heavily. Former pro basketball start Kobe Bryant was one of the leading figures at the event which the team are touting as a huge success;

https://platform.twitter.com/widgets.js

A few bold predictions have come via observers and supporters of Tron including TRX surpassing EOS and becoming the fourth largest cryptocurrency in 2019. It is currently in ninth place with a market cap just below $1.6 billion. The gap between TRX and EOS in fifth is only $500 million so at this stage it is entirely possible.

At the time of writing TRX was trading down 3.5% on the day and pretty flat over the past week despite good fundamentals. Airdrops are usually a good way to boost prices and free BTT make give Tron the momentum to climb that chart and target fifth spot.

Image from Shutterstock

 

The post BitTorrent Announces BTT Airdrops for Tron TRX Holders appeared first on NewsBTC.

BitTorrent Announces BTT Airdrops for Tron TRX Holders

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

Blockchain 101 · Crytpo Currency Market
—————————————————
Trezor: Hardware Wallet
Binance: Exchange for Traders
Ledger Nano S: Hardware Wallet
Coinbase: Exchange for Investors
CoinSwitch: Wallet-to-Wallet Exchange