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The greatest wealth transfer of this century! An analysis: British-US-Chinese Empires: Gold, Silver, Bitcoin, Ethereum!

"Inflation makes you pay 50 dollars for the 20 dollar haircut you used to get for 5 dollars when you had hair!"
Let's embark on a journey that made the United States the number 1 economy of the world.

1. Despite the British Empire's claim that it would for ever remain the leading empire,history can serve as a harbinger for what's to come...

At the peak of its power, in 1913, "the empire on which the sun never sets", controlled 25% of the planet's land mass and about the same percentage of the world's population. Britain was both the naval an imperial power of the 19th century, and between 1812-1914, its dominance resulted in relative peace in Europe and the rest of the world. The industrial revolution transformed Britain into the workshop of the world.
By the start of the 20th century things changed as both Germany and the United States started to challenge Britain's economic and influential leadership. As often happened during human history such challenging lead to war and although Britain achieved its largest territorial influence after WW1, the war had destroyed much of its economic strength, with losses in industrial and military power marking the begin of its demise.
During WW2, Japan occupied Britain's colonies, and after WW2, India, Britain's most valuable and populous possession, achieved independence. Much of the British Empire's influence is now enshrined in the Commonwealth Charter, stating shared values like democracy, human rights and the rule of law.
The United Kingdom's pound sterling was its world's reserve currency during its reign and by controlling the supply of money, Britain was able to influence its global power.
"Permit me to issue and control the money of a nation, and I care not who makes its laws!" Mayer Amschel Rothschild

2. The US Empire repeats this blueprint by claiming the U.S. Dollar's reserve currency status as its birthright!

The Federal Reserve Act.
The Panic of 1907 triggered many American's belief that The Federal Reserve Act, passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913, was necessary for financial and economic stability. The law created the Federal Reserve System, the central banking system of the United States.
The Bretton Woods System.
The FED ended immobile reserve issues and the inelastic currency problems and successfully internationalized the U.S Dollar as the global reserve currency. The usage of the prior nationally used U.S. Dollar expanded a first time when the Allies agreed to the terms of the Bretton Woods System, establishing the rules for commercial as well as financial regulations among the United States and its allies. Canada, Western Europe, Australia and Japan accepted the U.S. Dollar, which was backed by a gold exchange standard, making the U.S. Dollar "as good as gold". This was only possible because the United States controlled two thirds of the world's gold reserves.
Soviet representatives, who claimed that institutions like the IMF and the International Bank for Reconstruction and Development (IBRD) were Wall Street branches, didn't participate in Bretton Woods and later proved to be right, as the United States printed too much money (not backed by its gold reserves) to wage war on Vietnam, destroying a big part of the value of the U.S. Dollars held by its allies, due to the inflation of the U.S. Dollar money supply.
Yet, the initial demand for U.S. dollars created the American way of life: a consumer driven economy fueled by products made outside the U.S. in return for U.S. Dollars. As the Allied countries couldn't really buy any "Made in America"-products, due to the fact that the United States' elites rather outsourced their manufacturing, they instead invested their hard labor into U.S. Treasuries.
On August 1971, President Richard Nixon announced the unilateral cancellation of the direct international convertibility of the United States dollar to gold, in a response to halt the Allied countries' continuous attempts to exchange their U.S. Dollars for Gold. By 1973, the Bretton Woods system was replaced by the current freely floating fiat currency system.
The petro dollar system.
The second wave of U.S. Dollar adoption was the result of the petro dollar, making the global trade of oil U.S. Dollar denominated. Every country on this planet needed and still needs oil to operate and grow its economy, creating an enormous growth in U.S. Dollar demand and like mentioned before, those dollars had to be earned. Especially China served the United States consumer model by producing almost everything Americans can buy in Wall Mart and other stores. By relying on the U.S. Dollar reserve currency status, the American elites have made the mistake of outsourcing manufacturing to China, as often predicted by Donald Trump in the 1980's. The y figured it was easier to just print wealth.
The tradewar.
President Donald Trump, decided it was time to bring jobs back to the U.S. and started an ongoing trade war with China, the country that supplied the U.S. consumer driven economy, and proud owner of $1.07 trillion in Treasury holdings. The trade war has negatively impacted the economies of both the United States and China and will most likely result in the decoupling of both economies.
What is to come? My personal insights.
I see huge problems for the U.S. and the rest of the western liberal democracies. But especially the United States, who's currency amounts to no less than 60% of all the world's reserve assets, is vulnerable if and when China who only accounts for 1 or 2 %, says it is time for change. Most likely we will experience another banking crisis, with or without Covid-19, and unfortunately a bigger one when compared to the 2008 dissaster. Did you know that the global debt tripled since then? Many economists and politicians advocate the end of the U.S. Dollar reserve currency system and predict a reset. Every financial system has a limited lifespan similar to a human live: it is created, it grows, it matures, and unfortunately, it ages, weakens and dies. It happened to the Brittish Pound Sterling, and I am afraid that the days of this financial hegemony are numbered as well.
And I did write "afraid", why?
History tells us that these transition periods are particularly dangerous and have often led to full-blown military conflicts if not world wars. The current wealth transfer, the result of manufacturing outsourcing to mainland China, impoverished the United States and destroyed its middle class. President Donald Trump's analysis that the U.S. needs a strong manufacturing base is correct, yet without its allies the United States will not be able to turn the tide.
It took China decades to build its manufacturing base, and President Trump doesn't have the privilege of having the political luxury to design five year plans, as the United States capitalistic and political model specializes more on presidential campaigning and less on economic planning, which is exactly China's strength.

3. The Chinese 'digital' empire.

China is ideally positioned to become the new global power: it produces many of our products and dominates most supply chains. It has been hoarding gold and mines most of the Bitcoin. It might just have the right reserve assets to back its DCEP, the digital Yuan, which will be pilot tested during the 2022 Winter Olympics hosted by China. Despite the fact that the United States and other western nations might not want to adopt the Yuan or allow it to be part of the world's reserve assets, China can demand payment in Yuan for its products. It's that simple! This is why outsourcing is such as stupid economic voluntarily yet fatal policy. If you only print money and don't produce goods, how long will the world play ball?
One of the results of Trump's trade war is that China and other countries such as Russia and Iran no longer want to be vulnerable to U.S. sanctions that come in the shape of being denied access to the financial system through Swift. The United States can indeed destroy a big part of Iran's economy, but Iran is now becoming a big cryptocurrency player. In other words, bullying those countries might work in the short-term, but in the long-term they will simply adopt a new standard: and I believe that the Yuan will likely play a major role in the financial system they will adopt.
This trend means that the expansion of the demand in U.S. Dollars will stop and reverse, when countries no longer want to use the currency whose issuer can economically destroy them through sanctions. The alternatives for such countires are cryptocurrencies like Bitcoin, Ethereum and many others, national CBDC's (Central Bank Digital Currencies), and the adoption of the digital Yuan.
This digital Yuan will be attached to the One Belt, One road initiative, finding adoption whilst developing huge infrastructure projects that will lead to a Eurasian trading zone. If the U.S. Military leaves the Middle East, as Trump brings home troops, this will create the right conditions for China to emerge as the victor.

4. Surveillance Capitalism - Insights on the DCEP (Digital Currency Electronic Payment, DC/EP):

  1. This centralized digital financial system works on blockchain and cryptographic principles and aims to increase the circulation of the RMB, in the hope it can become a reserve currency like the U.S. Dollar.
  2. Created and sanctioned by the Chinese Government, it is the only legal digital currency in China.
  3. The system offers Chinese regulators better monitoring abilities and will be an efficient tool against anonymous counterfeiting, money laundering and illegal financing. At the same time it reduces costs involved in maintaining and recycling bank notes and coins.
  4. As mentioned above, China aims to bypass Swift, which it regards to be a U.S. entity, and will be able to collect real-time data related to money creation, bookkeeping, essential information for the implementation of monetary policies.
  5. The pilot institutions for DCEP, China Construction Bank, Agricultural Bank of China, Bank of China and Industrial and Commercial Bank of China, will serve as a production test for China's new currency system, after which the DCEP will be distributed to large fintech companies such as Tencent and Alibaba to be used in WeChat Pay and AliPay. Transfers will not go through bank accounts, but through electronic wallets.
  6. By mandating that all merchants who accept digital payments must accept DCEP, the DECP will become the most accepted digital currency in the world.

5. Sings of hope.

If the United States adopts blockchain and issues a CBDC (Central Bank Digital Currency) backed by Bitcoin, they will have a reasonable chance to offer the western democracies a new type of dollar standard that can be an anchor versus the coming RMB. If not, I fear the worst is yet to come for the U.S. Dollar and its economy.
Many smart American economists and Wall Street goeroe's have finally figured out the remarkable strength of Bitcoin, the world's first and most favorite digital form of gold.
Some of the smartest investment capitalists like Ray Dalio and Warren Buffet have allocated more money into gold, a clear sign of trouble. Bitcoin might be a step too far for Warren Buffet, but rest assure that Wall Street investment management companies have figured it out by now, have you?
You can expect more institutions to allocate a % of their portfolio's wealth into Bitcoin and other cryptocurrencies, as a hedge against the systemic risk in our global financial system, which will inevitable start feeling the effects of the trillions that have been printed.
"Inflation makes you pay 50 dollars for the 20 dollar haircut you used to get for 5 dollars when you had hair!"
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Immediate Edge Review, Is Immediate Edge SCAM Or Legit Trading App?

Immediate Edge Review, Is Immediate Edge SCAM Or Legit Trading App?

Immediate Edge Review: Is This Crypto Robot Legit or Scam
Immediate Edge Review and investigation 20twenty. The Immediate Edge app is a crypto, forex and choices trading robot utilized by folks to automatically obtain and sell Bitcoin and create profits. Wanting at the website, many people claim it helped them move from rags-to-riches trading Bitcoin. Further, some claims linked it to Ronaldo and Sir Alex Ferguson

https://preview.redd.it/rttn3i4hohm51.jpg?width=1280&format=pjpg&auto=webp&s=8f0dc345c3ace4032d571d44fabe356f13ff1a33
Is Immediate Edge app legit or scam? Whereas the claims of its linkage to the higher than celebrities are unverifiable, we tend to can verify that the app is not a scam and permits individuals to trade Bitcoin using the Fibonacci strategy with ten minutes time frames
The app, that allows people to deposit at least $250 through mastercard and Sofort, scores 88% rate and a 5 stars as a real software
Since there are several scam cryptos, forex and options brokers who trick individuals to depositing money, and then they run away with the funds, we have taken time to review this software to determine if it is real or a scam.
Is Immediate Edge scam or legit
High success rate is reported by users with this software.
The Immediate Edge web site provides truthful claims about the service though it will not mean the crypto trading risks are eliminated with its use.
Customers should start with the minimum investment and increase it when satisfied with the utilization of the app.
Click the link to access Immediate Edge official web site or keep reading to understand more
This software will not seem to be a scam and users report that it helped them make real money trading on it.b site
What is Immediate Edge App?
Immediate Edgecould be a robot or auto-trading software that allows folks to trade forex, crypto and binary choices. A user deploys the algorithm-primarily based bot, which relies on a trading strategy that's automatically executed on a broker trading platform once deployed.
The strategy is coded or set like to permit the user to automatically get and sell crypto, stock or choices on the broker platform at favorable prices, to form profits. It can do automatic market analysis by analyzing a vast amount of knowledge from completely different sources, at intervals seconds and with high accuracy, then use the data to predict the costs. It can then come up with a transparent buy or sell tradable signal and then execute it automatically by shopping for and/or selling on the broker platform.
The software can, therefore, save a trader thousands of manual hours and labor they might have spent analyzing information to form trading choices and to follow the markets and to position and close trades. You conjointly do not want to understand anything concerning crypto, stock or option trading to use this auto trading app, although it is suggested to possess this information to keep improving on trading.
Trading bots will achieve high success rates of more than 90p.c and have been tested to work. You may be searching for Immediate Edge scam but the website can tell you that you can expect to earn between $950 and $a pair of,two hundred per day using the software but that depends on your expertise. As a newbie, you'll not start making that a lot of immediately and conjointly it depends on how a lot of you invest. With an investment of $250, you'll be able to expect to form a lot of lesser although some people claim to own made $12a pair of in a very few hours using this software.
That will not mean Immediate Edge is error-free. There still is a heap of unpredictable high volatility in crypto and bots will make mistakes and errors to create losses. Auto trading robots are better employed in combination with manual trading strategies.

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Immediate Edge Review
How will Immediate Edge work?
All a user has to try and do is join up at the Immediate Edge web site, then deposit funds to have access to the robot, when which they can begin trading by switching on the bot. It will would like no control or intervention from humans, beyond beginning and stopping it.
You additionally need to stay checking, daily, to observe the performance of the software in doing its job and ensure that it is earning any returns needless to say. From there, you can confirm whether or not to extend or decrease your investment towards crypto, options or stock trading using this robot.
You'll be able to also monitor performance to be ready to regulate the trading settings from your dashboard and optimize totally different features of the trading bot for instance set amount of trades or amount to invest in every trade.
Founder of Immediate Edge
In line with the Immediate Edge website, this trading bot was founded by Edwin James. Reportedly, he created billions with forex, crypto, and binary options trading and still shares his strategies on the way to trade the assets on the app.
He founded the app to create it potential for brand spanking new traders to create cash in less than 3 minutes of signing up.
How to sign up on Immediate Edge:
Registration: Registering or signing up on the website is free but to start trading, you want to deposit no less than $250. You discover a registration type on the top right of the page, on that you type in your email, full names and phone numbers and country code. Create a password to be used for logging in later.
Deposit funds: Depositing funds allows you to connect to a robot broker and then you'll begin the bot to start out trading. You'll deposit with Visa, Wire Transfers, Klarna or Skrill. The currencies supported are Swiss Franc, British Pound, US Greenback, and Euro and using a credit or debit card limits deposits to less than $/£/€/?10,00zero in one day and $/£/€/?40,000 in an exceedingly month.
Immediate Edgeisn’t licensed to handle your funds, it works with brokers to handle the cash once it's deposited.
Demo trading: Relying on the broker you're connected to, you can begin to practice trading with the Immediate Edge software. Some brokers do not have this feature on their platforms. Still, with the latter, you can test their options before you deposit cash to try and do live trading. With the demo options, you'll be able to familiarize yourself with the trading house before beginning to use real money to trade.
Trading: Before and when you've got switched on auto-trading, you would like to check the trading settings daily. You'll regulate some things including stop-loss orders and when to try to to them, amount to speculate per trade and how several trades to try to to per day. You'll be able to also choose that cryptocurrencies to trade, and you'll be able to select all the most in style ones together with Bitcoin and Ethereum. You also get to observe the profits/losses and decide if to continue and/or when to prevent.

https://preview.redd.it/c9scw5fkohm51.jpg?width=1280&format=pjpg&auto=webp&s=3d127be2887c4c8960023a8cf1b1f55297dbf250
Withdrawals, user verification, cost of using the app and alternative options

The payouts or withdrawals are made by filling letter of invitation type on the funds’ management page and it can take two operating days to replicate in your checking account. No fee is charged on withdrawals. You'll withdraw your cash including the capital while not a lot of problem on this app, that is better than several that don't enable withdrawals at any time
While some bots need verifications by asking for your ID and statements, this one will not. You are done once uploading your payment details. The bot charges a commission on profit. Besides, you get twenty fouseven client support on Immediate Edge
Immediate Edge may be a legit, secure, user-friendly trading application for crypto, stocks, and choices. It has a zealous customer service and reports a high success rate. Another smart robot we have recently reviewed is Bitcoin Professional
We tend to hope that this review helped you to make a decision concerning this trading app. Additionally, subscribe to our web site to be invariably notified concerning new software from this industry. For live reviews subscribe to our Youtube Channel or FB Page.

https://www.immediateedge.org/
https://www.facebook.com/immediateedge/
https://www.pinterest.co.uk/immediateedge/
https://twitter.com/EdgeImmediate
https://www.instagram.com/immediateedge/
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Proof-of-work in colonial Maryland: Burning tobacco for paper money, burning electricity for $BTC

The colonists established their first settlement in Maryland in 1634. Lord Baltimore urged them to develop a diversified economy of farming, lumbering, fishing, mining, and more.
But the lure of profits from growing tobacco was too hard to resist.
Tobacco shaped colonial life and tobacco became so important it became money.
Items were bought and debts were settled in pounds of tobacco, and Maryland designated it as the official medium of exchange in 1637. This was partly due to a severe shortage of coinage in England, which affected American settlements.

“The most widespread use of commodity money was tobacco, which served as money in Virginia. The pound-of-tobacco was the currency unit in Virginia, with warehouse receipts in tobacco circulating as money backed 100 percent by the tobacco in the warehouse.”
Murray Rothbard, A History of Money and Banking in the United States: The Colonial Era to World War II

But having tobacco as the primary engine of the Maryland economy led to some problems.
The slightest change in tobacco prices in England or Europe had a great impact on their lives. Boom times and depressions happened often during the 17th and 18th centuries.
The export of British currency and the establishment of colonial mints were prohibited by English Law at the time. This led to currency shortages were common in Maryland and merchants often paid British firms with bills of exchange.
Until legislative action in 1747, tobacco-for-bills was frequently used as the internal trading economy. In order to replace the then-current use of tobacco as money, each taxpayer was to be given 30s in notes in return for burning 150 pounds of tobacco.

The first Maryland issue

The notes were to be redeemed by the loan office starting in 1748 with profits realized through investments made in Bank of England stock.
Shortly after, they transitioned to paper money.
In this system, there was a continuing problem of farmers increasing their quantity of money by growing more tobacco.
Vigilante squads got created. They roamed the countryside burning tobacco fields. All to keep the amount of tobacco under control:
The money supply was controlled by burning tobacco grown by farmers.

Over to Bitcoin.

Bitcoin burns through a lot of electricity to maintain its network.
It currently consumes approximately 7–8 gigawatts of power. This is around~$9 million per day of energy at a marginal cost of 5 cents per kWh.
The bitcoin network consumes as much power as approximately 6 million homes. This is based on national averages in the U.S.
In the “Gradually, then suddenly” series, Parker Lewis explains something interesting:
“economic stability depends on the function of money and bitcoin provides a more sound monetary framework which is why there is no more important long-term use of energy than securing the bitcoin network.”
The main difference with the tobacco economy is that the bitcoin network does not arbitrarily burn through energy.
It’s done mathematically.
Proving that energy production is vital to the functioning of our society.
Some energy input is required for everything that we consume in our daily lives.

The coordination of those energy inputs is dependent on the reliability and stability of the money we use. — Parker Lewis
A fraction of all the computing power on the Bitcoin network is on these shelves. (image: EEE Spectrum)
But Bitcoin doesn’t care. It consumes all necessary energy in the free market to secure its monetary network.
The more people that value the long-term stability it provides, the more energy it will consume. This consumption makes sure all other derivatives of energy consumption fulfills. Much like Maryland’s tobacco economy 350 years ago.
That’s why there’s no other long-term use of energy more important than securing the bitcoin network.

(if you enjoyed this post you will love this newsletter. Sign up and get one case study on money and tech each Monday)
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r/Bitcoin recap - February 2019

Hi Bitcoiners!
I’m back with the 26th monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
A recap of Bitcoin in February 2019
Adoption * bitcoin can now be used to fund your public transport card in 37 cities in Argentina (7 Feb) * There are as many transactions today as in January 2018 but with all time low fees (7 Feb) * Bitcoin’s Lightning Network currently has 6000 nodes and $2.4M in capacity (9 Feb) * A service that lets you buy Domino’s Pizza via the Lightning Network in the US (13 Feb) * Bitcoin’s average block size is now 1.3MB (14 Feb) * An Argentinian company settles export deal with a client in Paraguay using bitcoin (15 Feb) * The Lightning Network reaches 700 btc in capacity (16 Feb) * A butchery in Kenya accepting bitcoin (17 Feb) * The ₿ symbol is now a listed currency when you long press the $ sign on a mobile keyboard (19 Feb) * A Lightning developer’s node is routing more than $10k per month for a 0.25% fee (19 Feb) * Jack Dorsey, CEO of Twitter and Square, promotes bitcoin tipping on Twitter (20 Feb) * bitcoin transactions near an all-time high of 3.87 transactions per second (21 Feb) * Finanzen.net, a german finance site, starts lising the EUBTC exchange rate (21 Feb) * 20% of Localbitcoins 4.8M visits come from Venezuela (26 Feb) * $52M of bitcoin bought on Cash app in Q4 2018 (27 Feb)
Development * The Casa node has been open-sourced (1 Feb) * A specification for trustless non-pegged sidechains (4 Feb) * Blockstream creates a new Multisignature standard (18 Feb) * BTCPay Server now has payment requests (26 Feb)
Security * A discussion on traditional mixers vs Wasabi wallet (2 Feb) * Another Electrum wallet phishing attempt (4 Feb) * Someone gets scammed for $50 worth in bitcoin by a QR code switch (19 Feb) * Coinomi wallet sends your plain text seed phrase to Google’s remote spellchecker API (27 Feb)
Business * Kraken exchange CEO on the QuadrigaCX coins (3 Feb) * People discuss the bitcoins held by bankrupt QuadrigaCX (4 Feb) * TD Ameritrade is advertising how to invest in Bitcoin on YouTube (10 Feb) * Lightning integration will eventually come to Square’s Cash app according to its CEO (11 Feb) * Samsung’s Galaxy S10 will have secure storage for private keys built in (20 Feb) * A 21-year old couple is working on a hardware wallet (23 Feb)
Research * Bitcoin’s wealth distribution across addresses increased over the past 2 years (13 Feb)
Education * Bitcoin’s prehistory (2 Feb) * People discuss the best real-time bitcoin news feeds (8 Feb) * Someone discusses their small bitcoin mining operation (9 Feb) * A new report on financial privacy from Coin Center (11 Feb) * Andreas Antonopoulos on splicing (25 Feb)
Regulation & Politics * The SEC thinks some cryptocurrency will match their ETF requirements eventually (7 Feb) * Government-mandated asset seizure will be limited in the U.S. (23 Feb)
Archeology (Financial Incumbents) * The British pound is the oldest fiat currency at 317 years and now worth 0.5% of its original value (4 Feb) * JPMorgan Chase incorrectly analyses that bitcoin miners operate at a 16% loss (12 Feb) * JPMorgan Chase launches its own centralized JPM stablecoin (14 Feb) * The IMF comes up with a plan to devalue cash and introduce negative intrest rates (17 Feb) * Venmo’s KYC when someone paid back a sandwich is a great reminder why we need bitcoin (20 Feb)
Price & Trading * Bitcoin passes $4k for the first time in a while (19 Feb)
Fun & Other * A discussion on former Bitcoin developer Mike Hearn (1 Feb) * Twitter CEO Jack Dorsey says he thinks the currency of the Internet will be bitcoin (2 Feb) * Twitter and Square CEO Jack Dorsey passes on the Lightning Torch (5 Feb) * Some instructions on how to send letters using a computer if you think sending bitcoin is difficult (6 Feb) * Why Bitcoin should succeed (7 Feb) * Other technologies that died just like Bitcoin (8 Feb) * Elon Musks compliments cryptocurrency for value transfers (20 Feb) * Elon Musk says whoever owns the early btc deserves a Nobel prize in delayed gratification (21 Feb) * A Lightning-powered chicken feeder (22 Feb) * A Malaysian bookstore with Bitcoin and Blockchain books on top of the finance section (28 Feb)
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Why is Crypto Business Rushing to Turkey?

Why is Crypto Business Rushing to Turkey?
Turkey is the world's 20th biggest economy. It may be most well-known internationally for its authoritarian President, Recep Tayyip Erdoğan, but it's set to become increasingly important for the global cryptocurrency industry.
At the moment, trading volumes in BTC/TRY (Turkish lira) are fairly small compared to other major fiat currencies, but recent news indicates that crypto-related companies are setting their sights on the Eurasian country. In October, Huobi announced it will launch an option to trade TRY for tethers (USDT) by the end of the year, while mobile-based cryptocurrency Electroneum signed a deal with three Turkish telecom operators to enable people to pay for airtime using ETN.
And with the Turkish government's plans to introduce its own central bank digital currency (CBDC) by 2023, it's likely that cryptocurrency and blockchain will increase its prominence in Turkey in the years to come.
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Crypto ownership

Turkey is reportedly one of the crypto-friendliest populations in the world. Last year, ING published a survey indicating that 18% of surveyed Turkish citizens own cryptocurrency of one kind or another, in contrast to 9% of Europeans and 8% of Americans.
This seems hard to believe when data from Coin.Dance and CryptoCompare indicate that the Turkish bitcoin market is pretty small compared to other national markets. For instance, Coin.Dance data relating to trading on the LocalBitcoins P2P exchange reveals that an average of 11.2 bitcoins were traded for Turkish lira each week in 2019 (so far), while the weekly averages for the British pound and New Zealand dollar (representing a much smaller economy than Turkey) are 473 and 25 bitcoins, respectively.
Still, other surveys and indicators suggest that cryptocurrency ownership in Turkey is fairly common, even if the trading volumes for TRY are relatively low. When the Turkish lira plummeted in value last August, Bitcoin.org reported that it saw a 42% increase in visits from users in Istanbul, while trading volumes on Turkish exchanges increased.
And according to the 2019 Statista Global Consumer Survey, 20% of surveyed Turkish people do own cryptocurrency, closely replicating the findings of ING's earlier survey.

Start-up ecosystem
This would explain why such companies have started to focus more on Turkey in recent months. Aside from the aforementioned announcements from Huobi and Electroneum, Turkey's largest privately owned investment bank, Aktif Bank, launched its own cryptocurrency exchange in February, named Bitmatrix.
In terms of blockchain startups and companies, Turkey is still small, but there are signs that this is changing.For one, the country hosted the first ever Eurasia Blockchain Summit in October, where over 1,400 attendees from industry, politics and finance gathered. It also hosts or has hosted a number of other related conferences, including the Blockchain & Bitcoin Conference Turkey, Blockchain Economy: Istanbul, and the EuroAsia Cryptocurrency Investment Summit.
Secondly, there are several Turkish crypto start-ups to go with such events, although the total is still small compared to other nations. According to market research firm Tracxn, there are 54 blockchain start-ups in Turkey (as of August 2019), while in the United States and London there are 2,601 and 745, respectively.
Put differently, Turkey's blockchain start-up ecosystem is equal to only 2% of the United States', even though its population is roughly a quarter of the size of US’.
It is, in other words, still a minor blockchain and crypto nation, even if things have begun to turn a corner since last year.

Government intervention

“So far, there has been no laws and regulations regarding the cryptocurrency sector in Turkey,” says Sistemkoin, indicating that this might put the sector at a disadvantage.
“Nevertheless, the government of Turkey has included a central bank-issued digital currency in its 2019–2023 economic roadmap. So it can be concluded that the Turkish government is less likely to restrict or prohibit the use of cryptocurrency in future.”
Not only that, but as part of its digital strategy for 2023, the government also laid down plans for a national blockchain infrastructure.
These plans will see the government establish an open-source platform for using and developing distributed ledger technology. It will be used by the government itself for its own digital infrastructure projects, but it will also be open to use by Turkish firms and organizations.
In conjunction with a potential CBDC, it's highly likely that Turkey's nascent crypto and blockchain sector will be given a significant boost by these initiatives. This is especially the case in light of how the existence and circulation of a CBDC will force Turkish business and the Turkish economy more generally to adopt the infrastructure needed to process it.
Of course, a commitment to distributed ledger technology may still leave Bitcoin and cryptocurrency more generally in an ambiguous position. But given the existing popularity of crypto and the government’s newfound zeal for blockchain, both cryptocurrencies and blockchain are likely to gain further traction in the future.
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Beginner's Guide to Trading Crypto. Part 2

Beginner's Guide to Trading Crypto. Part 2
Jump to Part 1.

The March Of Derivatives Through Times And Markets

The abundance of terms available on the financial market is as scary as it is confusing for the average, uninitiated trader seeking to start making a fortune on their assets. The knowledge of a starting trader who was used to the cozy and familiar confines of the checkout at the local grocery store will turn into a wild rollercoaster ride the moment they step into the crazy world of financial instruments. But the financial devil is not as terrifying as he is made out to be.
Orders, derivatives, contracts, futures, shorts, stops and so on are the terms that threaten starting traders to to shatter dreams and haunt their nightmares, drenching their backs with cold sweat at the sight of ominous Japanese Candles and convoluted geometrical figures on frightening charts. But it is not that horrifying as the theory of virtually every single financial instrument is tightly knit into the fabric of everyday life. The simplest and most common instrument that every single person who has ever watched even a moment of financial news has heard of is the basic derivative.
The derivative is just a fancy name for a contract relying its value on a large variety of instruments on the financial market that are better known as stocks, bonds, commodities, currencies, interest rates and other variables. In fact, there are derivatives on virtually anything imaginable and a very simple example can be betting, where the profit of one party to the contract is placed on the outcome of a certain event.

The Long Way

The history of derivative contracts goes back to ancient times. The instrument has come a long way since its primitive form as a verbal agreement between merchants seeking to attract funding for their adventures. One of the oldest known examples is that of Babylonian merchants who concluded risk sharing agreements and received loans for their caravans. The loans could be repaid if the goods were successfully delivered and sold in distant lands. The Templars used a further development of loans as they used to give money to pilgrims traveling to the Holy Land and would later charge interest on the funds. The Conquistadors were no better, as they signed futures contracts with the Spanish Crown and wealthy Spaniards for their ventures into the New World, where the booty and plunder pilfered from the hapless natives would serve as the payoff. The first modern derivative contracts appeared on the London Stock Exchange in the 1830s, and the United States entered them into practice in the 1850s.
Derivatives, mostly the swaps, served as the reason for the 2008 mortgage crisis in the United States as the involvement of counterparty risks simply spiraled out of control.
In the cryptocurrency world, the first derivatives were issued on BTC as Bitcoin futures and options are successfully traded on the Chicago Mercantile Exchange (CME Group), the Chicago Board Options Exchange (CBOE), as well as on a number of cryptocurrency exchanges, in particular, on Binance, BitMex, BitFinex, OKCoin and others.

Types of Derivatives

There are a number of types of derivatives that are available to traders. Most of them operate on the same principles with several differences that are tailored to specific requirements the traders put forward.
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Futures Contracts
Futures contracts are some of the most common types of derivatives. A futures contract is an agreement between two parties for the purchase and delivery of some kind of asset at an agreed upon price at some date specified in the future. Futures are traded on exchanges as standardized forms. This type of derivative is usually used by traders to hedge risks or for speculation on prices of various assets. A classic example are speculations on the price of oil, gold or the price of the US dollar or British pound.
The expiration date of the delivery of the asset is not always the date of contract termination, since many derivatives are settled on cash. Basically, the gain or loss in trade is a positive or negative cash flow for the trader. Interest rate futures, stock index futures, and many more are also called cash settled contracts.
Forwards
Forward are the next important kind of derivative and are quite similar to futures, much like most other derivatives. Forward contracts are not traded on exchanges, but on OTC. Under a forward contract, the buyer and seller can customize the terms of the deal, its volume and the settlement process. Counterparty risks, or the risk that one of the parties will not be able to fulfill their obligations are inherent to futures. An important aspect of forwards is that more than two parties can be involved in the contract to offset the risks.
Swaps
Swaps are a derivative under which it is possible to swap one kind of cash flow with another. For example, it is possible to switch from a variable interest rate loan to a fixed interest rate loan, or vice versa. These are very popular for offsetting risks and are extremely useful when dealing with currencies.
Options
Options are agreements between two parties to buy or sell an asset at a predetermined future date for a specified price. Under this type of derivative, the buyer is not obligated to call the contract, while the seller has to either buy or sell the asset if the buyer chooses to exercise the contract. Hence the name. Options are commonly used for hedging or price speculation on assets.

The Echoes On Derivatives

The opinions of market specialists on derivatives vary diametrically as many herald them as the be-all of the market, while others blame them for excessive volatility and other market troubles. Derivatives do have their limitations as they are quite difficult to value. Since the price of derivatives is based on the price of assets, their value is subject to a variety of external factors. The risks for OTC derivatives include counterparty risks that are difficult to predict. The expiration time, the cost of holding the asset, and the interest rates are also factors that affect the value of derivatives. Matching the value of a derivative with the underlying asset is made difficult by this combination of factors. The supply and demand of a derivative can make its value to rise and fall in value even if all other factors, including the price of the asset are kept constant. And this is called speculation.
The most recent criticism was directed at Bitcoin futures, which have caused the value of Bitcoin to jump, but eventually failed to maintain its price in the plus in the long run. The call from every set of lips on the market was that Bitcoin was a bubble and its end was nigh. The failure of Bitcoin futures contracts to have any serious long term effect on the asset’s price can be attributed to the immense news background determining the price of such an asset, once again proving the limitations of derivatives on classical exchanges and their amalgamations on the crypto market.
Zennon Kapron, managing director of Shanghai-based consulting firm Kapronasia said “It is rare that you see something more volatile than Bitcoin, but we found it: Bitcoin futures.”
Since Bitcoin does not have any physical underlying assets, many experts on the market believe that the advent of futures contracts for Bitcoin is not good for the crypto market in the long run. The arrival of institutional investors is supposed to be the panacea the market is waiting for. The lack of any requirements on the ownership of Bitcoins on the part of the seller of the futures contract is considered to be the main drawback hampering the application of derivatives for such assets.
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Those siding with the futures on Bitcoin claim that their arrival will help stabilize the market and provide better order execution, thus bringing a more civilized nature of trade to the entire market. Another important argument in favor of derivatives with crypto assets is the trust factor. Crypto enthusiasts are certain that the introduction of such instruments on regulated and reputable exchanges will help garner trust from institutional investors and attract them to the market of crypto assets, thus generating liquidity and minimizing volatility.

The MoonTrader Approach

Trading is an art form, but there are plenty of techniques and ways of streamlining and smoothing out the learning curve necessary to becoming a true maître. MoonTrader will offer an abundance of instruments necessary for beginning traders to start making sense of the market and earning on their assets.
The world of finance and trading is not that scary if properly explained. In fact, most of the realities found in the world of trading are situations we encounter in daily life and have gotten used to. The situations simply acquire different titles and applications in the world of trading.
MoonTrader intends to offer its users a wide variety of instruments so they can start trading freely and safely on the market, and is determined to attract new participants by simplifying and minimizing the risks the trade of crypto derivatives can pose.
Jump to Part 1.
Check us out at https://moontrader.io
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Originally posted on our blog.
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Crypto-Currencies Are Poised To Radically Change Finance … And Reshape Nations

Crypto-Currencies Are Poised To Radically Change Finance … And Reshape Nations
Article by Forbes: Kurt Cagle & COGNITIVE WORLD In the 18th Century, a venture begun in England established an outpost in the New World around Hudson Bay. The Hudson Bay Company was given license by the crown to exploit the bounty of the Northernmost parts of North America, and eventually a trading network was built out, trading fur, woods, and mineral resources. This network manifested itself primarily through a series of forts that protected general stores, extending as far south and west as Oregon, along the Pacific Coast, forts that would in time become cities like Portland, Vancouver, Toronto and so forth.

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An example of Hudson Bay Company Scrip WIKIPEDIA The Hudson Bay Company used its own special scrip within its territory, the scrip holding value because it could be traded for British pounds as well as establishing more or less standard prices for goods. When Canada was founded in 1867, it established its territory by buying the land from the HBC, and making HBC’s scrip fully convertible to the new Canadian Dollar. In effect, a privately held scrip became the de facto currency of a nation. Empires, kings and potentates have long coveted the right to put their face on coins, but until comparatively recently, the value of those coins was determined primarily by the assayed weight of the metal that made them up. Indeed, the Dutch, during the 16th century, actually scored their gold coins so that a person could break it apart into octants, from whence was derived the term “Pieces of eight” so beloved in pirate tales. They also created coins from the silver mine of Joachim’s Valley (‘Joachimsthal’ in Dutch) which were in turn heavily used by first the Spanish territories then eventually English North America, the name frequently shorted first to ‘Thaler’, and then via Spanish as ‘Dollar’.

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Pieces-of-Eight, so named because the Spanish dollar coin of the 1600s was frequently broken upon into eight bits or reals, which in time became known as pesos (pieces). JAMESTOWN REDISCOVERY Following the death of Louis the Fourteenth of France, the French economy was in tatters given the financial excesses of the Sun King. The Duke of Orleans, the regent of the new five-year-old King Louis the Fifteen, turned to a friend, Scottish financier John Law, for help. Law, for his part, made a proposal that had been tried on a smaller scale, but never really at a national level: the concept of creating a paper currency, backed by the government and in theory redeemable with silver. While the experiment worked for a little while, speculators made the currency unstable, which was then exacerbated by the government producing more Francs than it could support, causing the currency to crash and significantly diminishing the ability of France to compete in the colonization in North America. It also destabilized the French court by reducing the influence of the King over his aristocrats, many of whom had been severely burned in the crash, and not coincidentally laying the groundwork for the French Revolution several decades later. Despite this, as Europe went from Feudal vassalages to nation-states, the ability to control the minting of paper currency based upon its status as a promissory note became one of the key prerogatives of nations. It was one of the reasons, when the first American Confederation, created in the aftermath of the US Revolutionary War, realized they needed a stronger government, the one thing that the Federal government reserved to itself rather than allow to the states was the exclusive right to mint coinage and currency.

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Currencies have long been the prerogative of nations, though that may be changing as electronic coinage hearkens back to most currencies’ merchantile roots. GETTY Fast-forward two hundred and fifty years, and you can see that history is in fact repeating itself. A currency system works by having a few essential characteristics: A note of currency must be unique and non-duplicatable. Currency must be readily redeemable — if not enough people will accept the currency as having a certain value, it cannot be used as a medium of exchange. Currency must be relatively stable — it holds roughly the same value over some time interval. These three conditions place some real constraints on currencies, though not always obvious ones. For instance, if you increase the supply of a given currency, you might think that it would dilute the value of that money. Maybe yes, maybe no. If demand is high for money, increasing the money supply may actually accelerate economic growth, though if demand for money is low, increasing the supply may simply cause inflation. If currency is only redeemable in certain places, then it has less utility as a store of value. If a currency has only half the value today that it had yesterday, then people will get rid of that currency quickly in favor of something that is more stable. It turns out, in fact, that most paper currencies don’t completely satisfy the above constraints over a long time period, and what’s worse, the relationship between money and value can be quite non-linear. This is because currency by itself represents buying power. A gallon of gas in 1971 cost twenty nine cents in most places. Today, that same gallon of gas costs $2.90. Ironically, a loaf of bread cost $.29 and $2.90 respectively as well. The average wage in 1971 was $10,000. Today, its $50,000. This is worth highlighting, though more from an economic rather than technical standpoint. Put in stark terms, the typical worker’s wages went up 400%, but the price of most goods went up 1000% percent over roughly the last fifty years (or, the money you earn is worth 60% less today than it was in 1971, relative to the cost of living). The actual utility of a gallon of gas has actually not changed much in that time, which means that what has changed is both buying power for a given amount of money, and the change in wages relative to the cost of goods. Why? That’s a topic for another time.

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Electronic currencies, such as BitCoin and Ethereum, rank high in their ability to guarantee uniqueness, but are struggling with exchangeability and are still very heavily influenced by speculators, making them less than ideal for stable currencies. GETTY IMAGES So, where do cryptocurrencies play into all of this? At the moment, of the three points highlighted above, cryptocurrencies arguably are really, really good with the first point, are getting better (though still not great) with the second point, but really suck on the last point. Consider this. One of the biggest arguments in favor of cryptocurrencies is that they are hard to forge. It’s possible — throw enough computation power at it and you could in fact do it, but the salient point is that the cost to do so likely outweighs the value of the coin. Now the downside to that is that many of the current mechanisms for determining uniqueness (such as mining prime numbers) are also very expensive, not just in terms of computational cycles but in terms of energy costs. It’s one of the reasons why a few of the primary coins actually are too large by themselves to be used for currency — you have to divide a coin up to say a 1000 different micro-coins to get to the point where you can buy a cup of coffee and a sweet roll at Starbucks, and this in turn still requires effective uniqueness algorithms. However, even with weaker algorithms for division, such micro-coins are still orders of magnitude harder to forge than your average US $20 bill, which is far and away the most popular currency in the world in terms of forgery. However, this point is actually becoming less and less of an issue for the simple reason that paper currency itself is becoming obsolete, except among the very poor (who often have difficulty in being able to set up bank accounts). For much of the latter twentieth century, credit cards made significant inroads in eliminating paper currency, and most recently, the introduction of chipped cards, both credit and debit, have significantly reduced the incidences of fraud. The bigger issue today is online card fraud, though even there, the introduction of electronic wallets (and the growing liability that retailers are facing with each hacking incident via class action suits) are spurring much better encryption of data, as well as better control by consumers. This is not to say that credit card fraud isn’t still a problem, but it is a problem that shows signs of abating. Another, perhaps far more reaching consequence of the rise of credit cards, debit cards, digital rewards cards, gift cards and EBTs has been that it has been destroying the physicality of currency, and with it, one of the last vestiges of control that most nations have over their currency. The reason for this is simple. Today, it is possible to set up foreign exchange transfer accounts in which a given currency is in Yen, or Euros, or Pounds, and draw upon them as readily as you can a US funds account. You can set up a crypto account in much the same way, and can even, with some creative work, set up accounts that let you play currency arbitrage across multiple such accounts. If Amazon, Google, Microsoft, Apple or Facebook (or their counterparts in other countries) set up their own digital currency, you could do the same thing. Amazon is actually creating a highly synergistic ecosystem that is nearly a full bore economy in its own right.

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In ten to twenty years time your paycheck could very well be made in private e-currency rather than a country’s native currency, which will send shockwaves in political circles. GETTY Put yourself ten years in the future. Amazon (as an example) puts out a cryptocurrency called the bezo (one bezo, two bezos, ….). You can continue to set up a US dollar account for Amazon prime, but you can also open up a bezos account, based upon a blockchain like construct under the control of Amazon. Prices begin to creep up when measured in US dollars, because the US economy has for the most part had net positive price inflation even during recessions, but prices in bezos stay fixed. Other companies look at this and offer the option of paying their employees in bezos. Some are resistant, but especially younger employees take the plunge, and after a while, older employees see that their net buying power continues to decline while the ones in the Amazon ecosystem are seeing wage power stability, and you see a shift as older employees begin to do the same thing. Other companies do this on their own, but discover that they don’t have quite enough people in their network to maintain stability, and so they reach out and affiliate themselves with the Amazon network. Banks have taken notice, and all of a sudden you see Amazon currency replacing the US Dollar in more and more transactions, many of them for millions or even billions of dollars. And then Amazon moves the Amazon Currency Network to the Cayman Islands. Overnight, the United States sees 35% of its tax base disappear. Too many people are no longer using US Dollars for transactions. The US Debt, which has been a ticking time bomb for decades, goes off as the US can no longer even pretend to service its deficits, let alone the total debt. States, given the conundrum of having a central Federal government that has become increasingly hostile and demanding (while providing less and less value for the tax money that their citizenry have paid) vs. working with a more stable currency and more autonomy, begin to think the unthinkable at a policy level: choosing to join a different political alliance based upon a common protocol for sharing currencies.

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One very distinct possibility of the intermixing between private and public e-currencies is the possibility that it could very well exacerbate an already growing divide along geopolitical lines. GETTY Another scenario can be envisioned. Recently, Walmart announced that they had a patent on a new blockchain currency, with the implications that they would be issuing a currency within the relatively near future. Amazon and Walmart are seen as competitors in the general goods sector, and while there is some overlap they tend to service different regions (and their customers often have very divergent political leanings). Over time you end up with two competing currencies, the Bezo and the Walton. Each of which provides a premium within their respective networks and a double penalty within the opposite network — the double being the fact that in order to convert from Bezos to Waltons, you would have to convert one currency to USDs and then to the other currency, with fees at each transaction point (something often happens in existing currency exchanges, where you have to find a common currency to exchange between two different currencies that don’t otherwise have exchange rates). Over time, the economies diverge, with frustrations mounting as the Bezo and the Walton respond to different economic strategies, and changes in political power in Washington DC bring with it a distinct preference for one currency or the other, with all that this implies for policy. Attempting to peg either of the private currencies to the dollar ends up with a situation similar to that which the European Union experience in 2008, when economic policy that was right for the northern countries with strong industrial bases proved ruinous for the southern countries that were primarily agrarian in nature (and is in fact a part of the current problem between red and blue America). What is likely to happen in this scenario is the rise of compacts — agreements between states that standardize upon specific policies regarding economic action, taxation, representation, immigration, public programs, defense, ecological policy, education and so on. Put another way, the currency networks that emerge (and it is likely they will be networked, not just one single currency) will begin looking and acting more and more like autonomous countries. With this comes the reduction of power in Washington, DC and the federal government as states hew more closely to their compact alliances. Now, to be clear, these are both hypothetical scenarios, and I’m using Amazon and Walmart here just to illustrate the point. Nor are these the only scenarios that may play out. It’s also worth noting that what is at issue is not so much cryptocurrency by itself as it is the ability of currency networks to effectively capture the tax base of parts or all of a country. Will this result in civil war? Hard to say. We may very well end up in a situation where the US becomes a Confederation along the lines of Canada, with a weaker central government, a common defense agreement and stronger regional blocs. The US may split peacefully into several distinct regions based upon the degree of economic connectivity. It’s possible that smarter heads prevail and some agreement is worked out to keep the status quo. However, the likelihood of that decreases the more that mechanisms for separation get implemented, and eCurrencies, whether national based or privately based, have the potential to exacerbate an already stressed situation.

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One of the major issues that most eCoins have is that they are still highly unstable, due to a comparatively small pool of investors, the potential for volatile speculation, and the potential that a government could make such transactions illegal. GETTY The primary mitigating factor from this happening now is the lack of stability of crypto-currencies, which is something of a chicken and egg problem. Stability ultimately comes from the number of participants involved, which in turn determines the degree to which speculation can take place within a currency. Speculation and stability are counter-weighted — most speculators prefer an asset class to be volatile, because such volatility can make for higher returns with less capital, though it can also lead to higher losses. You can speculate with stable currency (as George Soros managed to do successfully against the British pound in the 1970s) but it requires deep pockets and a great deal of leverage, and being unsuccessful can ruin you. Bitcoin and other crypto-currencies are still very unstable primarily because they lack both the installed base of users and because they are not yet fully convertible or redeemable. It is arguable whether any of the first generation of ICOs will ever meet that bar alone, though that changes once you begin seeing mergers and adoptions between ICOs and large financial or network concerns. This also moots one of the other major selling points that ICO promoters themselves try to make. No currency is going to survive if transactions in that currency remain anonymous, and keeping such transactions anonymous will become increasingly difficult over time. The reason for this is relatively simple — any transaction has real world implications, those implications can be tracked, and once one thread of a transaction begins to get picked apart, then it becomes possible to determine how these connect to other transactions. Government opacity (which is one form of anonymity) will keep many existing ICOs from ever being recognized as legitimate, and may very well be seen as perfect channels for money laundering and black market transactions, putting these ICOs under deep scrutiny. It is likely that currencies based upon (semi-) transparent block-chains (something you’re increasingly seeing developed by financial institutions) will likely overtake the anonymous block-chains currently being deployed.

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The future of finance (and of bank accounts) may very well be that a typical account is, in fact, an index made up of different e-currencies, both public and private. GETTY In the longer term (fifteen to twenty years), it is likely that the average consumer will likely not interact much at all with ICOs directly. Instead, what I see happening is that banks (and bank-like-entities, such as credit unions) will controls portfolios of currencies and accounts will then consist of baskets of different coins on various networks. Consumers can then determine the mix of their coin holdings, and can designate the default currencies they wish to be paid in (or pay out) when they make a financial transaction. However, at the micro-level, these networks and baskets will be treated in much the same way national currencies do today, with the added wrinkle that these private currencies can push and pull on the national currencies at a level unprecedented until now. What happens when the Bezo replaces the Japanese Yen (or the US Dollar) as the primary instrument for carry trades. What if the Iranian eDinar becomes the preferred currency for pricing oil, or an international incident causes investors to buy up Chinese eYuan and sell the USD, raising the potential for price increases in the United States (or vice versa). What will almost certainly happen is that the distinction between international corporations and nations, already somewhat blurry, will erode even more with time. Businesses will increasingly find themselves having to establish comprehensive foreign policies, fielding security forces and dealing with issues that traditionally have been the domain of countries. At the same time, fundamental questions, including the deceptively difficult one of what constitutes citizenship, will become pressing sooner than we’d like to believe. The upshot of this is that Bitcoins and related electronic currencies are likely here to stay, will become progressively more influential in both political and economic policy as they become more stable, and will almost certainly introduce stresses and potential breaking points in economies globally throughout the twenty-first century.
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Technology Breakthroughs 2019 | Crew Art Production

Technology Breakthroughs 2019 | Crew Art Production

Technology Breakthroughs 2019

Technology Breakthroughs 2019
what is technology:
technology is the knowledge of techniques and processes mixed with skills and methods that enables human to apply this knowledge, technology had started by the pre-historic man when he used a very simple tools to secure his living from food and protection, then technology uses evolved from just a surviving tool to become the backbone of living that interfered in every single detail of human daily life, from the Toothpick to the space-traveling that is like a dream coming true as their rich tourists had made a space trip and its expected that it will be common and affordable trip in the upcoming years, so let’s talk about the most exciting technology breakthroughs in 2019.
Top Breakthroughs
5G Technology:
2019 is going to witness the releasing of the fifth generation of cellular mobile communication (5G) that featured with reduced latency, energy saving, cost reduction, higher system capacity, and massive device connectivity, and it’s the natural evolution of the 4G Technology that had been released on 2009 in Sweden and that was a great breakthrough in the history of mobile internet that the internet speed could reach 100 megabytes per second for high mobility mobile communication, so let’s get back to 5G technology that its speed is expected to reach 2500 MB (Megabyte) per second as peck performance, 5G mobile devices had seen a great improvement in technicality as it depend on a cell communicate by radio waves with a local antenna array and automated transceiver in the cell with low power consumption rate the antenna is connected with the telephone network through optical fiber cables or wireless backhaul connection, the devices that will equip the 5G technology is going to have 4G LTE capability as the 5G access is not available everywhere till now, the 5G is going to be used in the autonomous vehicles to support it with data about the surrounding environment in real time and nearby vehicles that could exchange their locations and intentions, the roadway is also able to deliver traffic conditions immediately ahead, which will ease the task of driving, also 5G technology is going to be compatible for laptops computers to enhance its Internet communication.
Virtual Reality (VR):
Virtual reality (VR) technology had started in the early 1950th as Morton Heling wrote about the “theater experience”, and built a prototype of Sensorama vision dubbed in 1962, this device displays engaged multiple scenes, then he developed the “Telesphere Mask”, the year 1968 had seen the releasing of the first head mounting display (HMD) system for simulation applications by Douglas Engelbart and other scientists, the 70th had seen a great leap in the virtual reality technology by interfering in many fields like medical, military and even space science as David Em was the first one to produce navigable virtual worlds in NASA laboratory, in 1979 Eric Howlett developed the Extra Perspective (LEEP) optical system which make the virtual reality helmets available today, 1991 had seen the invention of the first cubic impressive room allowing people to see their own bodies in relation to each other’s in the room, between the years 1982 and 1992 Nicole Stenger created the first real time interactive impressive movie that viewed by using a dataglove and a high resolution googles, then the new millennium comes with new update in VR technology, by the year 2001 the first pc based on cubic room had been invented, in the year 2007 google had released the street panoramic view by using 3D stereoscopic mode, 2013 had seen the start of using the virtual reality technology in smart phones by using a headset that used in virtual and augmentation of reality, the Oculus VR project had seen the light Valve Corporation, in the year 2014 Facebook had bought the Oculus VR for 2 Million dollar, and also Sony had announced the launch of the PlayStation VR project, In the year 2015 Google had announced the launch of cardboard a do-it-yourself stereoscopic viewer for smartphones, 2016 had seen a great leap in the VR technology development by many companies specially HTC which had shipped the Vive Steam VR headset as the major commercial release in this year, Sony had continued the development of the wireless headset and evolved it and released the Vive for PlayStation VR. 2019 is going to see a great leap in VR technology as Sony is working to release 3D Rubber Motion Controller for PlayStation VR, SOMNIACS company is working on Somniacs Birdly VR Flying Simulator, but this will not be the last update in the VR technology.
Artificial intelligence (AI) technology
AI
Artificial intelligence concept had started to be known from the year 1940 by the invention of the programmable digital computer, the machine based on abstract essence of mathematical reasoning, Dartmouth college had founded the AI research field in the year 1956, by the year 1973 the artificial inelegance had faced a new challenge from the USA and the British governments as they stopped the funding undirected research into artificial intelligence, the investors started to take the role of the governments in the funding this research but by the 80th they started to withdraw from this business because of the absence of the needed computer power (hardware), but this all had changed by the beginning of the 21 century as that the machine learning was successfully solved a lot of academic and industrial problems, the AI development in the new millennium started with the creation of the interactive toys (smart toys) in the year 2000, in the year 2004 Nasa had navigated the surface of Mars with autonomously robotic exploration rovers, in 2005 Honda released a humanoid robot that is able to walk as fast as humans and he worked as a food servant in restaurant, but the year 2005 had seen a new thinking in the AI technology by the initiation of the blue brain project that aimed to identify the structure of human brain and detect its function in disease and health, between years 2010 and 2014 the humans are being able to communicate and even speak with robots as in 2011 Apple had launched the Siri project and in year 2012 google had launched Google Now, and then the turn comes on Microsoft that released the smartphone apps the uses the natural language to answer the received questions, make recommendations and even perform actions, Artificial Intelligence (AI) Technology is going to see a great leap in 2019 as this year will see the release of:
1- Automated CCTV security cameras:
that featured by:
  • It could predict potential vulnerabilities, threats and menace.
  • Tracking missing children.
  • Tracking theft vehicles.
  • Quick action.
  • Identifying criminals and suspected people between the large crowd.
2- general adversarial networks (GANs):
A new concept that will be released in 2019 that will make your AI smarter as an example it could be able to distinguish between the real image or a realistic image that is created by AI technology.
3- Chatbot:
Chatbot that is also known as Smartbot, Talkbot, chatterbot, IM Bot, interactive agent, conventional interface and artificial conversational entity, the Chatbot concept is an artificial intelligence which conducts a conversation via auditory or textual methods, this technology had started in the early 20th century in the year 1960, but in the middle of the century that this technology had turned from simple conversions to powerful promotional tools for media brands and e-commerce businesses, 80% of companies are expected to be using the Chatbot by the year 2020.
3D Printing
3D Printing
3D printing is a number of various computer controlled processes to create a three-dimension object is made by joining and solidifying the material, 3D printing had started to enter the production industry in the early 80th particularly in 1981 when the Japanese scientist Hideo Kodama has invented two methods for fabricating three dimensional plastic models with photo hardening method, the use of 3D printing in production started with functional or aesthetical prototypes then it turned to be additive manufacturing that it can be used in manufacturing a very complex shape or geometry that is pre designed by 3D model or a CAD file, 2019 is going to see a leap in 3D printing specially in the metal 3D printing which depend on digital model that uses layer by layer material build-up approach which gives the metal a full density and high precision, the metal 3D printing technology is going to be used in manufacturing aerospace, oil & gas, automobile and marine applications, 3D printing is going to use new materials and enter the phase of mass production with high technology machines, 3D printing will see new types in 2019 by these types:
Fused Deposition Modelling (FDM): is also known as Fused Filament Fabrication which is the most commonly available and cheapest type of 3D printing.
stereolithographic (SLA): which is known as the world first 3D printing technology as its history returns to the year 1986, stereolithographic printing is Featured by using mirrors but it also had a big disadvantage that it takes too long to trace the cross-section of an object when compared to DLP.
Digital Light Processing (DLP): this type of 3D printing uses a digital light projector to flash one image for each layer at once or images of multiple flashes for larger parts, the output of this type of 3D printing is a digital image composed of square pixels resulting from rectangular blocks called Voxels.
Selective laser sintering (SLS): its creating objects by using Powder Bed Fusion technology and polymer powder, this type of 3D printing is going to be commonly used due to its low price and this type is featured by using a CO2 laser beam in scanning the object surface.
Material Jetting (MJ): this type of 3D printing has the same concept of normal inkjet printers but the difference in this printing type is that it builds multiple layers of ink upon each other until it turns to solid part, Material Jetting featured by offering objects made from multi-material printing and with full-color.
Drop On Demand (DOD): this type of 3D printing featured by using a pair of ink Jets, one looks like a wax material and the other used for dissolvable support material, DOD printing featured by using a fly-cutter that skims the build area after the creation of each layer to ensure the commencing of this layer, this type of printing is used in casting the lost wax and suitable for other mold making applications.
Sand binder jetting: mainly this type of 3D printing depends on mixing the PMMA powder with binding liquid as an agent to produce parts colors are added to the mixture through another nozzle, binder jetting useful in production of sand cast molds and cores as they are generally made of artificial sand or (silica), this type of 3D printing is featured with its low cost and quite easily integrated into existing manufacturing of foundry process without disruption.
Metal binder jetting: this type of 3D printing is used in the fabrication of metal objects, as the metal powder is bond together using a more poly binding agent, metal binder jetting is featured by producing complex geometries objects beyond conventional manufacturing techniques, this process is done on main steps of infiltration process than adding bronze is the object then we go for the sintering process, the output of this printing type had an issue of non-uniform shrinkage that is solved in the design stage.
Direct Metal Laser Sintering (DMLS): this type of 3D printing is like SLS type but the difference in that it is applied on metal objects, laser is used in fusing the metal powder at a point reaching molecular level, DMLS printing process needs a structural support as the output object is Vulnerable to distortion and wrapping due to residual stress.
Electron Beam Melting (EBM): high energy Electron beam is used in the metal fusion; EBM printing is featured with superior building speed upon any other 3D printing types because of its high energy density.
Financial
Financial breakthroughs
Blockchain:
Blockchain or blockchain is a growing list of records called blocks using cryptography, blockchains are resistance to modification of the data that was first described in the year 1991 but it was actually created as public transaction ledger of the cryptocurrency (bitcoin) by Satoshi Nakamoto in the year 2008, it is managed by peer to peer network collectivity adhering to a protocol for internal code communication and validating new blocks once recorded, blockchains has many types:
Public blockchains:
Public blockchains have absolutely no access restrictions, its useful as that anyone has a connection to the internet could send transactions as validator, bitcoins and Ethereum are the most known public blockchains Applications.
Private blockchains:
Private blockchains feathered with high privacy as there is no one could join the network until he had been invited by the network administrations, and even the participant and validator access is restricted, this type of blockchains is the most appropriate for companies that are interested in Blockchain technology because of the high control level, its main implement is in accounting and record keeping producer’s business.
Consortium blockchains:
Consortium blockchains are semi-decentralized as its controlling lies between the hands of many companies might control one node in the network and not just a single organization that controls the network.
Blockchains technology will see a great leap in 2019 as these types will rise:
Blockchain will work as a service (BaaS):
BaaS is a cloud-based service that allows customers to build their own Blockchain powered products and it could be including applications, smart contracts, and other Blockchain features without the need to set up or build Blockchain based infrastructure.
Hybrid Blockchain:
Hybrid Blockchain works by providing the best features and functionality of both private and public blockchains, hybrid Blockchain isn’t widely used but it is considered to be the most appropriate for banks.
Federated Blockchain:
Federated Blockchain is the natural evolution of the normal Blockchain, it looks like the private Blockchain but has a more customizable outlook, federated blockchains mainly used in financial services.
Ricardian contracts:
Ricardian contracts are the start of the dependence on legal contracts that cryptographically signed and verified, Ricardian contracts provide unique solutions so that they could be understood without mediator or service for both human and computers.
Interoperability between Blockchains:
Interoperability Blockchains aims to improve information across several networks or other Blockchains networks, the cross chain services improve the daily use of Blockchains, 2019 will see an improvement in the interoperability Blockchains technology, the main applications for Interoperability Blockchains are BlockNet, Aion, WanChain, and others.
Stable Coins:
Stable coins are the side product of the cryptocurrencies, that is affected by the market condition and the stability maintained in all time, most of the stable coins are fiat-chained but they are also backed by commodity stable coins, the main applications for stable coins are everyday currency transaction and P2P payments.
Security Tokens:
Security tokens had replaced the ICOs because it is more secure and protects the investor’s rights redefines the whole investment process, by the current year 2019 investors will tend to use security tokens (STO) than (ICO).
Financial Relegation:
Financial relegation is a type of relegation or supervision, which targets financial institutions with certain requirements, guidelines and restrictions that aims to maintain integrity of the financial system, this system could be handled by government or non-government organization, financial relegation had initiated by the Dutch authorities in the early modern period on the year 1610 as short selling which means that the buyer doesn’t own the asset but he borrows it from the seller and returns it back after short time with profit, then the Financial relegation took its development way until it took the form of banks in our days, the 2010 financial crisis had affected the relegation in a positive way as regulators put a fourth substantial number of new strengthened regulations and expanded requirements, 2018 had seen a great focus on legislative agenda towards protecting the consumers and investors and encouraging financial technology innovation, 2019 is going to see big leap in the financial relegation field as Asian investors will continue their 2018 financial vision to make the trajectory of embedding global post-crisis reforms, and make the Asia-pacific outlook the trends navigating guide across the region, in Europe 2019 is expected to be the year of continuity of regulatory terms, As the first half of the year will be finalizing the legislative initiatives to complete the banking Union, strengthen the EMU, and Capital markets Union.
largest technology construction projects in 2019
largest technology construction projects in 2019
London Crossrail:
London Crossrail is the world first continues growing underground system that it extends the railway system with 73 miles (117 kilometers) that links between Berkshire and Buckinghamshire this line holds the name of Elizabeth Line that will be divided into two lines, this huge project expected to cost 23 million Pound, London Crossrail had the approval to start to work on it on 2008 and it’s excepted to launch in autumn 2019.
Benban Solar Park:
Benban solar park will be the world largest photovoltaic power station than expected to generate 1650 (MVP), its located in Upper Egypt particularly in Aswan, the Benban solar park is part of Egypt’s Nubian sun project that aims to be part of generating 20% renewable power of total Egyptian needed power, this Egyptian national project is expected to start working by the end of 2019.
submitted by crewartproduction to u/crewartproduction [link] [comments]

Best Cryptocurrency Exchanges for Beginners

Best Cryptocurrency Exchanges for Beginners
Best Cryptocurrency Exchanges for Beginners
Before we get into exchanges, let’s refresh our minds about what cryptocurrency is. The concept behind cryptocurrencies is relatively simple, while the math and technology are not. Essentially, a cryptocurrency is a virtual or digital currency that utilizes cryptography as a means for protection and security.
Cryptography is also used to regulate the creation of additional units, so as to not drive the overall digital currency market wild. One of the greatest appeals of cryptocurrencies is that they are not regulated by any government agencies. The most popular digital asset is the bitcoin, followed by ethereum.

What Are Cryptocurrency Exchanges?

Cryptocurrencies can be traded through cryptocurrency exchanges. These cryptocurrency exchanges are platforms through which you can purchase or sell digital currencies for dollars, euros, and pounds, as well as other digital assets. For example, you can sell bitcoins and purchase dollars with the sold bitcoins, or you could exchange bitcoins for ether. These exchanges are a vital part of the virtual currency expansion rate.
There are private exchanges, which are exclusive and operate by invite only, as well as those available for the public. Local exchanges also exist. Some are easier to use than others are; certain exchanges are so flexible that digital assets can be traded directly through the built-in chat features of specific popular messengers, like Telegram.

What to Consider When Picking the Best Cryptocurrency Exchanges

Here are a few things you will want to consider before picking the best cryptocurrency exchange suited for your trading and speculative needs.
Fees – Almost all exchanges charge fees for you to do business on their platforms. Make sure that when you are signing up or committing yourself to a specific exchange that you know everything about its fees.
Verification Requirements and Security – These are vital to understand before starting out on an exchange. Most exchanges require some sort of identity verification in the form of a passport, driver’s license, proof of residence, or other similar document before joining. The more complex the verification process, the safer the exchange platform.
Exchange Rates – Exchange rates are also important, as you don’t want to join a cryptocurrency exchange that charges draconian fees for transactions and exchanges. That just wouldn’t be fair to you or financially savvy.
Reputation – The best cryptocurrency exchanges always have ups and downs. However, the general opinion of the top ones is positive. The best exchanges have a solid reputation and are well trusted by traders.
Region – It’s also important to find an exchange that supports your geographic region. Some exchanges may support all of the countries in South America, while not supporting any of the countries in Asia, and vice versa. If you are living in Russia, for example, make sure you pick the best exchange platform that supports your region.
Now, let’s take a look at some of the best cryptocurrency exchanges out there.

Security

Something which is important to bare in mind when choosing a cryptocurrency exchange to make your trades and purchases on is their security measures. It is well-known that many exchanges have been hacked in the past, most notably the Mt Gox exchange, which people are still feeling the fall-out from ever since.
You should know that the your funds or coins on an exchange or not really yours, unless you own the private keys to the wallet of your coins you are relying on someone else to be custodian of your funds.
Luckily there are some basic measures you can take when using an exchange. The most important is to never store more there than you are willing to lose, if you have a significant balance, you should withdraw it back to your own wallet and for extra security, use a Hardware wallet to secure these funds.
Exchanges should be used for quick purchases of your desired cryptocurrency or for trading an amount you are happy with. They should never be used as your primary wallet, that is not their intended function.
Another important step to take is to use all the security options available on the site, make sure that two-factor authentication (2FA) is setup correctly and you use an app like Authy or Google authenticator. Do not use the mobile phone option which texts you a code, this is not safe as their have been a number of high-profile hacks involving sim-swaps which allow a would-be hacker to take over your phone number and then gain access to your account.

Coinbase

Coinbase is one of the, if not the, most trusted cryptocurrency exchange platforms in the world. It is also the largest digital asset exchange platform in the world. The platform supports more than 32 countries and has more than 4 million active users. Traders are allowed to acquire and sell bitcoins using their bank account, credit card, PayPal, and other payment methods, as well. In order to begin trading on Coinbase, you will have to set up an e-wallet for buying and selling cryptocurrencies. Furthermore, users have to be able to link a valid bank account in order to purchase bitcoins.

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Currently, fully verified U.S. residents are only allowed to hold up to 50,000 bitcoins per day. Overall, Coinbase has a great reputation and is highly respected in the trader community. Most transactions through Coinbase only have a 1 percent transaction fee in addition to any fees that your selected payment method may carry.
As with CEX, you can only purchase a few currencies: Bitcoin, Ethereum and Litecoin. You would then need to use Changelly to convert these to other crypto currencies.
Another benefit of registering with Coinbase is the fact you are then able to use the Coinbase Pro exchange which is owed by the same company. Coinbase Pro allows to more advanced trading features such as margin trading and Market, Limit, & Stop Orders. Coinbase Pro also has lower fees than Coinbase.
Read our full Coinbase Review here to learn more. We have also conducted a thourough look at Coinbase’s security measures here.
Visit Coinbase

Binance

Binance is a newer exchange but one we have grown to love, it has a wide range of cryptocurrencies available to purchase and trade and has a basic and advanced view which you can switch between easily. Their fees are very reasonable and they allow you to register and trade immediately without having to verify your account. You will then be able to make withdrawals of up to 2 BTC per day, if you want to withdraw higher amounts you will then need to upload your photo ID and a “selfie” photo.

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The public opinion of Binance at this time is very high with people praising the speed of the site, ease of use and cheap fees.
For more details you can read our complete review of Binance here.
Visit Binance

KuCoin

KuCoin is a new but very exciting exchange based in South Korea. They operate similarly to Binance in the fact that they list new altcoins much quicker than other exchanges so it’s a good place to purchase cryptocurrencies shortly after their ICO meaning there is a greater opportunity to profit by getting in early.
The interface is very clean and modern and much easier to operate than other older and more clunky exchanges.
They also offer their own token KCS which allows all holders to receive a daily share of profits of the platform, this is a great token to hold as you are paid in the many different currencies that the site allows people to trade in.

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Visit Kucoin

LocalBitcoins

LocalBitcoins is a peer-to-peer cryptocurrency exchange used in most big cities around the world. The general principle behind this exchange is that you can find people who live in your area or city and meet with them in person to conduct an exchange. The platform also offers options for purchasing digital currencies via PayPal, Square, direct-to-bank transfers, and many other payment-processing methods. The platform charges a small fee of 1 percent per transaction in cases where sellers apply their own exchange rate.

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Similar to the way Uber passengers and drivers are rated, LocalBitcoins applies a rating to each trader that uses the platform, and this rating is publicly displayed. Trades first have to undergo an escrow process to ensure that nobody will be scammed by using the platform. Once everything is verified, the funds and cryptocurrencies transfer between traders. LocalBitcoins takes a commission of 1 percent from sellers. W
Take a look at our LocalBitcoins Review to find out more.
Visit LocalBitcoins

CoinMama

CoinMama is a large bitcoin brokerage that allows users to acquire coins with their debit or credit cards. The platform issues small fees for transactions. To make up for this, however, the limits for how many bitcoins a user can buy are much higher in comparison to Coinbase. Users can acquire up to $5,000 of coins per day or up to $20,000 per month. All users need to do to use CoinMama is to set up an account, log in, and navigate to the profile page section to fill in personal information.

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Following this, users will be introduced to a page that allows them to select how many bitcoins they would like to purchase, and once a fitting amount has been selected, users will be allowed to add their preferred payment methods and bitcoin addresses. Users will also be required to verify their phone number and email address. CoinMama does not require most users to upload their government-issued ID. After completing the aforementioned steps and passing the verification process, users will be able to acquire bitcoins through CoinMama.
Read our complete CoinMama Review here.
Visit CoinMama

CEX.IO

CEX.IO is one of the oldest cryptocurrency exchanges in the world. However, despite being referred to as a cryptocurrency exchange, CEX.IO can only be used with bitcoins and ethereum which are the main two trading pairs for alt-coins. If you want to purchase other currencies, you can use CEX and then a service named Changelly to convert them to many other cryptos.
The platform is registered with the FINCEN and applies KYC and AML principles. In other words, users have to completely verify their identity before they can get involved in any trades with this platform. Currently, the platform supports purchases with credit cards, wire transfers, or SEPA transfers for European residents.

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Once you enter a trade, the platform automatically calculates the price of the transaction and freezes the exchange rate for 120 seconds, which is quite convenient. However, many users note that there are occasional hidden fees. CEX.IO has a flat fee of 7 percent for anything involving fiat currencies. For example, if you acquire $100 in bitcoins, you will only receive $93 in coins.
Read our indepth CEX Review here to learn more.
Visit CEX

Bittrex

Bittrex is well established and highly regarded crypto trading platform, with many coins and tokens to choose from. The interface is not for complete beginner’s but you should be able to find your way around after a little while.

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Read our full review of Bittrex here.
Unsurprisingly, Bittrex’s most popular trading pairs are BTC and ETH. It must be noted that the exchange currently does not offer any kind of fiat-to-crypto pairs, e.g. with U.S. dollars, euros, or British pounds). One thing investors can do is buy USDT (Tether tokens) via wired bank transfers in order to use USDT for crypto-to-crypto exchanges.
However, you’ll need to be fully verified and willing to slap down at least $10,000 USD for Bittrex to even consider the transfer. And we here at Blockonomi don’t remind this approach anyways; there’s been a lot of controversy surrounding Tether lately, and it’s best just to stay away for now until further developments actualize.
Visit Bittrex

Conclusion

Picking the ideal cryptocurrency exchange platform for your specific needs may be a difficult and time-consuming process. Remember to pay attention to the fees, reputation, security, verification processes, and geographical services an exchange platform has to offer. Remember that you are not limited to using only one cryptocurrency exchange. Hopefully, the information provided will assist you in deciding which exchange platform to use.
We have selected 6 Cryptocurrency exchanges here which are trustworthy and easy to use for beginners to get started building their investment portfolios.
Original article link: https://blockonomi.com/cryptocurrency-exchanges/
submitted by Tokenberry to NewbieZone [link] [comments]

Beginner’s Guide to Exchanges – Part 1

Beginner’s Guide to Exchanges – Part 1

Hola Compadres! It is me u/poop_dragon here with another guide. Today I would like to run through a list of ETH exchanges. This is just Part 1 of this list, and it covers established exchanges. Soon I will post Part 2 and 3 which will go into some other types of exchanges (derivative markets, coin converters, decentralized, and foreign exchanges) Side note, I have given rating to these exchanges based on some comparisons, news, and information which I have found online. Recently, EVERY exchange has been slow/unresponsive in their customer service due to the huge influx of new users. My intention is to help educate new users about the exchanges available. I am not trying to discredit, advertise, pump up, or damage reputations. If you feel something is inaccurate, please respectfully bring it up in the comments. I will be editing as we go. Last thing of note, I have only included the lowest level trading tier to calculate trading fees, which assumes the highest rates. Most exchanges offer lower fees for bigger orders, but I have gone with the assumption that everyone here is not dropping whale amounts of cash.

00 – Concepts and Definitions

01 –Digital Exchanges

Poloniex

Exchange Type Maker Taker
All Currencies .15% .25%
Feature Details
2FA Google Authenticator Available
Wallet Security ‘Majority’ of Funds in cold storage
Personal Information Encrypted and Stored Off-Site
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 1 X X $2,000 USD Daily Withdrawal Limit
Level 2 X X X X X X $7,000 USD Daily Withdrawal Limit
Level 3 X X X X X X $25,000 USD Daily Withdrawal Limit
Level 4 X X X X X X X X >$25,000 USD Daily Withdrawal Limit
What is a KYC? It stands for Know Your Customer Documentation. This varies between exchanges. However, like most things, if you have to ask, you probably can’t afford it.

Bittrex

Exchange Type Maker Taker
All Currencies .25% .25%
Feature Details
2FA Google Authenticator Available
Wallet Security Multi-stage wallet Majority’ of Funds in cold storage
Personal Information IP Whitelisting restricts trading from new addresses
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Basic X X X 3 BTC or less daily
Enhanced X X X X X X 100 BTC or less daily

02– Fiat Exchanges - USA

Coinbase (GDAX)

Country Credit/Debit Linked Bank Account Wire Transfer
Australia 3.99% - -
Canada 3.99% - -
Europe 3.99% 1.49% SEPA- Free (€0.15)
Singapore 3.99% 1.49% -
UK 3.99% - SEPA Free (€0.15)
US 3.99% 1.49% $10 Deposit / $25 With / ACH Free
Exchange Type Maker Taker
ETH/FIAT 0% .30%
ETH/BTC 0% .30%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 1 X X X
Level 2 X X X X X Crypto Only
Level 3 X X X X X X X Fiat Enabled
Level 4 X X X X X X X X Higher Fiat Limits
Feature Details
2FA Google Authenticator, Authy, SMS
Wallet Security 98% Assets in Cold Storage
Personal Information 3rd Party Verified, Secured, Stored Offline
Digital Currency Insurance Fully Insured by Lloyd’s of London
Fiat Insurance Up to $250,000 by FDIC
Bug Bounty Multiple bounties up to $10,000

Kraken

Country Linked Bank Account Wire Transfer
EUR Free SEPA €5-10 (€0.09 Withdrawal)
US Free SWIFT $10 ($60 Withdrawal)
UK Free SWIFT £10 (£60 Withdrawal)
CAN Free SWIFT Free ($10 Withdrawal)
Exchange Type Maker Taker
ETH/FIAT .16% .26%
ETH/BTC .16% .26%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 0 X No Trading Allowed
Level 1 X X X X No Fiat, Unlimited Crypto
Level 2 X X X X Fiat $2,000Day/$10,000Mo
Level 3 X X X X X X Fiat $25,000Day/$200,000Mo
Level 4 X X X X X X X X Fiat $100,000Day/$500,000Mo
Feature Details
2FA Google Authenticator, Master Key Available
Wallet Security Majority Assets in Cold Storage
Personal Information PGP Encrypted Emails, Global Settings Lock
Digital Currency Insurance Maintain Full Reserves
Bug Bounty Multiple bounties

Gemini

Country Linked Bank Account Wire Transfer
USD Free Free
Exchange Type Maker Taker
ETH/ALL .10-.25% .25%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Individual X X X X X X X None - Except for ACH
Feature Details
2FA Google Authenticator, Authy Available
Hot Wallet Security Hot Wallet Hosted by Amazon Web Services
Cold Wallet Stored in 2 tiers of cold and 'cryo' multi-sig storage
Personal Information Encrypted in Transit and Stored Offline
Digital Currency Insurance Fidelity bond by 'top-tier insurance company'
Fiat Insurance Up to $250,000 by FDIC

03– Fiat Exchanges - Hong Kong

Bitfinex

Country Credit/Debit Bank Transfer Express Bank Transfer
ALL - .1% ($20 Minimum) 1% ($20 Minimum)
Exchange Type Maker Taker
ETH/ALL .10% .20%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Individual X X X X X X (2) X X No Stated Limits
Feature Details
2FA Google Authenticator, Twilio Available
Account Security New IP Addresses locked for 24 hours, require verification and detection
System Security Hosted and Backed-up on Linux, protection from DDoS
Personal Information Email encryption with OpenPGP
Wallet Security Only .5% of funds are stored in hot wallets
EDIT : Thank you to u/Ginger_Bearded_Man for the suggestion. Bittrex has been added.
submitted by poop_dragon to ethtrader [link] [comments]

03-02 20:43 - 'r/Bitcoin recap - February 2019' (self.Bitcoin) by /u/SamWouters removed from /r/Bitcoin within 1840-1850min

'''
Hi Bitcoiners!
I’m back with the 26th monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
A recap of Bitcoin in February 2019
Adoption * [bitcoin can now be used to fund your public transport card in 37 cities in Argentina]1 (7 Feb) * [There are as many transactions today as in January 2018 but with all time low fees]2 (7 Feb) * [Bitcoin’s Lightning Network currently has 6000 nodes and $2.4M in capacity]3 (9 Feb) * [A service that lets you buy Domino’s Pizza via the Lightning Network in the US]4 (13 Feb) * [Bitcoin’s average block size is now 1.3MB]5 (14 Feb) * [An Argentinian company settles export deal with a client in Paraguay using bitcoin]6 (15 Feb) * [The Lightning Network reaches 700 btc in capacity]7 (16 Feb) * [A butchery in Kenya accepting bitcoin]8 (17 Feb) * [The ₿ symbol is now a listed currency when you long press the $ sign on a mobile keyboard]9 (19 Feb) * [A Lightning developer’s node is routing more than $10k per month for a 0.25% fee]10 (19 Feb) * [Jack Dorsey, CEO of Twitter and Square, promotes bitcoin tipping on Twitter]11 (20 Feb) * [bitcoin transactions near an all-time high of 3.87 transactions per second]12 (21 Feb) * [Finanzen.net, a german finance site, starts lising the EUBTC exchange rate]13 (21 Feb) * [20% of Localbitcoins 4.8M visits come from Venezuela]14 (26 Feb) * [$52M of bitcoin bought on Cash app in Q4 2018]15 (27 Feb)
Development * [The Casa node has been open-sourced]16 (1 Feb) * [A specification for trustless non-pegged sidechains]17 (4 Feb) * [Blockstream creates a new Multisignature standard]18 (18 Feb) * [BTCPay Server now has payment requests]19 (26 Feb)
Security * [A discussion on traditional mixers vs Wasabi wallet]20 (2 Feb) * [Another Electrum wallet phishing attempt]21 (4 Feb) * [Someone gets scammed for $50 worth in bitcoin by a QR code switch]22 (19 Feb) * [Coinomi wallet sends your plain text seed phrase to Google’s remote spellchecker API]23 (27 Feb)
Business * [Kraken exchange CEO on the QuadrigaCX coins]24 (3 Feb) * [People discuss the bitcoins held by bankrupt QuadrigaCX]25 (4 Feb) * [TD Ameritrade is advertising how to invest in Bitcoin on YouTube]26 (10 Feb) * [Lightning integration will eventually come to Square’s Cash app according to its CEO]27 (11 Feb) * [Samsung’s Galaxy S10 will have secure storage for private keys built in]28 (20 Feb) * [A 21-year old couple is working on a hardware wallet]29 (23 Feb)
Research * [Bitcoin’s wealth distribution across addresses increased over the past 2 years]30 (13 Feb)
Education * [Bitcoin’s prehistory]31 (2 Feb) * [People discuss the best real-time bitcoin news feeds]32 (8 Feb) * [Someone discusses their small bitcoin mining operation]33 (9 Feb) * [A new report on financial privacy from Coin Center]34 (11 Feb) * [Andreas Antonopoulos on splicing]35 (25 Feb)
Regulation & Politics * [The SEC thinks some cryptocurrency will match their ETF requirements eventually]36 (7 Feb) * [Government-mandated asset seizure will be limited in the U.S.]37 (23 Feb)
Archeology (Financial Incumbents) * [The British pound is the oldest fiat currency at 317 years and now worth 0.5% of its original value]38 (4 Feb) * [JPMorgan Chase incorrectly analyses that bitcoin miners operate at a 16% loss]39 (12 Feb) * [JPMorgan Chase launches its own centralized JPM stablecoin]40 (14 Feb) * [The IMF comes up with a plan to devalue cash and introduce negative intrest rates]41 (17 Feb) * [Venmo’s KYC when someone paid back a sandwich is a great reminder why we need bitcoin]42 (20 Feb)
Price & Trading * [Bitcoin passes $4k for the first time in a while]43 (19 Feb)
Fun & Other * [A discussion on former Bitcoin developer Mike Hearn]44 (1 Feb) * [Twitter CEO Jack Dorsey says he thinks the currency of the Internet will be bitcoin]45 (2 Feb) * [Twitter and Square CEO Jack Dorsey passes on the Lightning Torch]46 (5 Feb) * [Some instructions on how to send letters using a computer if you think sending bitcoin is difficult]47 (6 Feb) * [Why Bitcoin should succeed]48 (7 Feb) * [Other technologies that died just like Bitcoin]49 (8 Feb) * [Elon Musks compliments cryptocurrency for value transfers]50 (20 Feb) * [Elon Musk says whoever owns the early btc deserves a Nobel prize in delayed gratification]51 (21 Feb) * [A Lightning-powered chicken feeder]52 (22 Feb) * [A Malaysian bookstore with Bitcoin and Blockchain books on top of the finance section]53 (28 Feb)
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Bitcoin recap - February 2019
Go1dfish undelete link
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Author: SamWouters
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Crypto Month in Review - March 2018

Previous reviews: Jan, Feb Crypto moves way too fast for me to keep up, so I aggregate each day's biggest headline and publish the list at the end of the month. Below is my list for March. My main news source was reddit. My main holdings are ETH and NANO, but I try to make these lists as unbiased as possible. As requested by you guys, I have included source links to each of these headlines. I also took a screenshot of the market cap movement throughout the month that you can see here. To speak to March in particular - even though we are in a bear market right now, and the first half of the month had pretty negative headlines, hopefully the many promising headlines in the 2nd half of the list will help assure you that distributed ledger technology is only becoming more adopted and embedded in society with each passing day. 3/1 - Oyster Pearl completes a coin burn of 10% of its total supply. This comes one day after they released their testnet. 3/2 - TechCrunch founder Michael Arrington is subpoenaed by the Securites and Exchange Commision over his $100 million cryptocurrency fund. 3/3 - A class-action lawsuit is filed against Coinbase alleging insider trading prior to Bitcoin Cash trading going live on their exchange. 3/4 - An anonymous person publishes a pastebin document detailing a FUD campaign by CoinDesk backers Digital Currency Group against IOTA. 3/5 - Coinbase hires former LinkedIn exec Emilie Choi to serve as VP of corporate & business development, with an emphasis on “world-class acquisition and partnership opportunities”. 3/6 - WaltonChain subsidiary ZhongChuan IoT and Alibaba Cloud sign a strategic partnership to research Smart City solutions and blockchain application schemes. 3/7 - A rogue actor who had been phishing Binance accounts uses the victims’ funds to pump the price of Viacoin. Withdrawals on Binance were automatically frozen, and the hacker’s transactions were later rolled back. 3/8 - Sierra Leone, in conjunction with blockchain voting startup Agora, records the world’s first ever presidential election on a blockchain. (NOTE: This claim has now been rejected by the Sierra Leone government.) 3/9 - Security researchers at the University of Toronto catch the Egyptian government remotely hijacking citizens’ computers to covertly mine Monero. 3/10 - Reports reveal that Google has been quietly purging cryptocurrency ads, mainly those for ICOs, under pressure from the FBI. The FBI also convinced Facebook to do the same thing in February. 3/11 - Binance posts a $250,000 bounty for information that leads to the arrest of the perpetrators of the March 7th hack. 3/12 - John Oliver explains Bitcoin and blockchain to a global audience and pens his #CraefulGang movement while condemning projects such as EOS and Bitconnect on his CNN show Last Week Tonight. 3/13 - VeChain announces a partnership with Chinese supply chain risk management company LogSafer. 3/14 - In the wake of John Oliver’s cryptocurrency segment in which EOS spokesperson Brock Pierce’s questionable past was outlined, EOS decides to cut ties with him, scrubbing their site and YouTube channel of any reference to him. 3/15 - Bitcoin core devs release a beta version of the Lightning network to the mainnet. 3/16 - The 2018 Joint Economic Committee Report dedicates an entire section to the rise of cryptocurrencies and blockchain technology. 3/17 - Bitmain announces a new mining machine, the antminer 3x, that is primarily designed to mine Monero. The Monero community claims that they will render the miner useless with an upcoming fork. 3/18 - At the G20 summit, the Financial Security board opines that crypto-assets do not pose a risk to global financial stability, and that further regulations at this time would not be necessary. 3/19 - Businessman and Shark Tank investor Kevin O’Leary announces his plan to work with the SEC to issue a cryptocurrency that will act as stock for a $400 million dollar hotel company. He also states that asset-based coins will eventually replace small-cap stocks. 3/20 - Nano releases their developer road map, revealing that they have a point of sale payment system in alpha stages of testing. 3/21 - A DDoS attack against the Bitcoin Lightning Network brings 20% of its nodes down. 3/22 - Yahoo Japan announces that it is acquiring Japanese exchange BitARG and will launch its own exchange in 2019. 3/23 - After uncertain talks with Hong Kong regulators, Binance announces that it is moving to Malta. It also reveals plans to allow users to buy crypto with fiat directly. 3/24 - Santander announces plans to launch an international money transfer app that will run on Ripple. 3/25 - The Coinbase logo is spotted in the new intro to HBO show Silicon Valley. 3/26 - Coinbase announces incoming support for ERC20 tokens without specifying which tokens it will list. 3/27 - Stephen Colbert announces on his show that Ripple has donated $26 million in XRP to DonorsChoose.org . 3/28 - Decentralized payment network OmiseGo and Ethereum cofounder Vitalik Buterin donate $1 million via GiveDirectly to support Ugandan refugees. 3/29 - Cryptocurrency exchange and Tether backer Bitfinex announces imminent fiat markets for BTC, ETH, NEO, IOTA, and EOS. They will fully support British Pounds and Japanese Yen, and offer partial support for the Euro. 3/30 - P2P payment platform Request Network goes live on the Ethereum mainnet. 3/31 - WaltonChain announces the launch of its mainnet, featuring a wallet with “1-click” mining.
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Reserve @ London Business School: Today All Currency Rate in India us Dollar  British Pound ... The future of the Euro and the British Pound In The Future... the Pound Is History

Currently, Bitcoin supports most major fiat currencies and is becoming a norm for intentional transactions. Bitcoin Price calculator is a free to use online tool that is used to convert any amount to its Bitcoin value and vice versa. This tool also keeps track of the historical trends in BTC prices as per your selected currency. Bitcoin to British Pound ( BTC / GBP ) markets ( 8,351.53 ) - Coinhills Digital Currency Market Finder helps you to search trending coins including Bitcoin with a few clicks. It supports the overall statistics of digital coins and exchanges lively. Sign in. Welcome! Log into your account. your username. your password. Forgot your password? PRIVACY POLICY. Password recovery. Recover your password. your email. Search. Bitcoin UK. Education ; News; Services. Cryptocurrency Investment Services; Buy Bitcoin. Buy Bitcoin in minutes with The UK's Fastest Exchange. Smart. Simple. Secure. Trustpilot. The local Bitcoin partner you can trust. We ... Login Sign up- Личный ... Bitcoin to Pound Currency: GBP Margin: 5% Long position overnight fee-0.0685% Short position overnight fee-0.0685%. Trading hours (UTC) Mon - Thu: 00:00 - 21:00 21:05 - 00:00 Fri: 00:00 - 21:00 Sun: 21:05 - 00:00 BTC/USD Bitcoin to US Dollar: 12961.35-1.36%: Trade Trade Trade: ETH/USD Ethereum to US Dollar: 409.50-1.79%: Trade Trade Trade: EUR/USD Euro / US ... Bitcoin; Contact Us; Sign In; Bitcoin Currency World USA 2019-08-20T06:52:03+00:00 Bitcoin. Buy and Sell Bitcoin and Altcoins through Bank Wire . Bitcoin Litecoin Ethereum. Buy now! Currency World USA. Buy foreign currency and sell foreign currency on the spot from US residents and tourists. We exchange global currencies Euro exchange, Mexican Peso exchange, British Pound exchange and ...

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Reserve @ London Business School: "A Digital Currency Built To Replace The British Pound"

#LoveAllServeOthers Money is a language of value. Currency is the form we use to exchange it. Yes, wars rage for riches, gold, resources and energy, but the battlefield of this decade will be The ... Share your videos with friends, family, and the world Live demo: How to buy BTC for USD using Bisq and Cash App - Duration: 13:33. Bisq 10,739 views Today I revisit an app & service called Wirex as I fly to the UK and easily convert Bitcoin to British Pounds for easy use. Get A Wirex Card (25% off your first plastic card): https://app.wirexapp ... In the future, will money as we now know it be replaced by digital currency? Will bankers be side-lined? Tim Lovejoy asks Bitcoin developer Mike Hearn. In The Future is Tim Lovejoy's series for ...

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