Your Daily Crypto News on Steemit October 12, 2017
- Crypto Books in the Humble Bundle!
- New All Time High: Bitcoin shoots over 5,000 US Dollar Mark!
- Alexander Vinnik will be in Court in Russia!
- Merck and CryptoTec have developed a Blockchain Solution against Drug Forgery!
- Bitwala launches ICO: Europe's First Equity Token!
- Abu Dhabis Financial Services Regulatory Authority publishes Guidelines Catalog!
- BITCOIN COURSE CHALLENGE Week 1
The Humble Bundle is especially known among gamers. Regularly new bundles come out - packages with games, software or e-books.
While games like Borderlands and Endless Legend are on the agenda for the players this month, crypto enthusiasts are currently receiving 14 Crypto books for 1 - 15 USD. Considerable disadvantage for some readers: The books are all in English.
The Humble bundle makers work closely with charitable organizations. Among them are the Child's Play Charity and The IndieCade Foundation. The first organization takes care of sick children in hospitals by bringing children joy through a few video games. The IndieCade Foundation, on the other hand, supports the development of artists and programmers.
A part of each purchase goes to those non-profit organizations. How much that is, everyone can adjust themselves. The bundle is HERE.
Originally a payment of the Humble Bundles in Bitcoin was possible, which would have perfectly rounded off this event. But currently only PayPal, Amazon Pay, Credit Card and Alipay are possible as payment. The bundle is now available for 12 days.
If you buy it have fun reading and learning.
No stop at the crypto markets - Bitcoin has been shooting straight up this morning and is currently at 5.204 US dollars (4.356 euros). A plus of 7.93% within 24 hours! We have a new All Time High.
The market capitalization of Bitcoin is thus over 86 billion US dollars. This is a considerable increase if you remember that Bitcoin's market capitalization stood at 53 billion US dollars a month ago. The Bitcoin market domination is therefore again well above 50%, more precisely at 53.1% according to coinmarketcap.
So the question now arises, what are the reasons for the enormous Bitcoin strength?
On the one hand, we have a general recovery on the crypto markets. The bad news from China and other countries has now been digested and one looks much more optimistically on the crypto market than a month ago when panic dominated the markets. Bitcoin also benefits from this reassurance.
On the other hand, Bitcoin Gold is approaching ever closer, a hard fork, which theoretically could lead to a further split of the Bitcoin network on 25 October. Against the backdrop of Bitcoin Cash Hard Forks a few weeks ago where Bitcoin owners have been credited with Bitcoin Cash in addition to their Bitcoin, many investors or speculators are now hoping that this could be repeated with Bitcoin Gold. This is why people heavily invest in Bitcoin, hoping to make a profit after a split through the additional win of Bitcoin Gold.
Also the increased interest of institutions seems to play a role for this renewed price rise.
So there were rumors, for example, that Goldman Sachs would think about a "Bitcoin Table". This would indeed be groundbreaking. Other experts and investors are also increasingly showing that they are interested in the crypto currency.
Even if the Bitcoin opponents maintain that the crypto currency is in a "bubble", the price development of the last days shows that this is not the case.
The Greek court has ruled that the alleged BTC-e fraudulent Alexander Vinnik will be extradited to his Russian home country instead of facing an American court. Both countries had recently demanded extradition of Vinniks.
The controversy surrounding the Russian co-operator of the crypto platform BTC-e, Alexander Vinnik, is now over. After Vinnik's last hearing in a Greek court, there were still uncertainties regarding the place of his final negotiation. In addition to the US, which wanted to invite Vinnik to his office in the wake of the fraud scandal of BTC-e before an American court, had recently also raised Russia's charges against his citizen. The uncertainties are now eliminated, Vinnik will have to face a Russian court.
According to a Russian media report, Vinnik in Russia will now be charged on a total volume of comparatively low 667,000 rubles, equivalent to a little less than 11,845 US dollars. On the other hand, the United States' sum total is around 12 million US dollars. Accordingly, he had decided against the extradition to the US and questioned the legality with which a Russian citizen could be condemned before an American court.
In an interview in September, Vinnik had still declared media-effective that he was not aware of any guilt and could not explain why he was being held. He also learned of the accusations raised against him in retrospect.
Alexander Vinnik was arrested in Greece on 25 July after BTC-e was shut down by the US law enforcement agency. The Russian crypto exchange, as well as Vinnik, is accused of involvement in money laundering activities. Meanwhile the crypto exchange under the new name WEX again online, Vinnik, however, will now have to be held responsible in court.
The pharmaceutical company Merck and the blockchain company CryptoTec AG from Cologne have jointly developed a blockchain-based solution to fight drug counterfeiting.
Approximately 10% of the world's medicines are counterfeits, while in some countries it can be up to 80%. Falsified means: The "drugs" contain a stretched or no drug or even a life-threatening substitute. This leads to considerable sales losses for the honest market participants, but still much worse: according to estimates, one million patients die from the taking of counterfeit medicines, as the NDR reports.
The pharmaceutical group Merck KGaA and the blockchain specialist CryptoTec AG have therefore jointly developed a solution against counterfeit drugs on a blockchain based basis in order to identify counterfeits and counteract their spread. A multi-layered anti-counterfeiting system that combines the strengths of secure encryption with blockchain technology and unrivaled physical security features prevents the introduction of counterfeit products into the market.
The suppliers of the supply chain can check the authenticity of the drugs by scanning the medication packaging. The blockchain based software, which is certified by CryptoTec, ensures every step of the supply chain from production to the delivery of the pharmaceutical product. The new procedure will prevent the black market for counterfeiters and protect the lives of many people.
The blockchain technology used by CryptoTec ensures that all data and processes are tamper-proof. At the same time it solves the main problem of blockchain solutions, the currently still insufficient transaction speed. The new system is performant and excludes conflicts of interest with the operator.
Every pharmaceutical company, hospital and pharmacist is now able to register irregularities in the supply chain, detect counterfeits in real time and take appropriate action. But not only the pharmaceutical industry will benefit from this system. The entire solution is designed so that counterfeit protection is transferable to all protective goods as well as intellectual property. Mention should be made, for example, of the achievements of the automotive industry, aerospace, the trade in luxury goods and the transfer of the protective mechanisms to 3D printing processes.
.png)
The German blockchain start-up Bitwala today announced the launch of its own token sale. The Equity token is to help build the world's first blockchain bank with decentralized ownership.
The Berlin start-up Bitwala has been Europe's leading provider of digital payment services on the Blockchain since 2015. The platform for blockchain banking is now about to issue its own token. This is the first equity token of a European vendor. The ICO is to be a further step on the way to building a decentralized organized blockchain bank for the first time.
In contrast to many other ICOs launched to finance blockchain projects, investors at Bitwala do not receive a utility token that can be used for a particular application. Instead, Bitwala will be the first European start-up to reward the participants of the token sales in the form of an equity stake in the company and the opportunity to attend Bitwalas Equity Token Event at the end of the year.
This means that Bitwalas Equity token corresponds more to a classic financing instrument for acquiring a company, comparable to a share. This form of funding is intended to allow Bitwala to work even more purposefully and effectively on the implementation of the first decentralized blockchain bank.
Bitwala CEO Jörg von Minckwitz said:
The nature of the equity token shows a way in which the company financing of blockchain start-ups and their projects could evolve away from use-case-oriented utility tokens and go to equity tokens, making the investor a shareholder of the company.
Bitwala already has over 55,000 customers all over the world in more than 120 countries. In April of this year, the Berlin start-up was one of the winners of the German innovation prize.
The government of Abu Dhabi and its Financial Services Regulatory Authority (FSRA) has now issued guidelines for regulating ICOs.
According to the FSRA, the anti-money laundering regulations and the know-your-customer principle (KYC) would be adequately taken into account by the new requirements for a token sale. Depending on the structure, the tokens are to be classified as securities or commodities.
Correspondingly, an ICO would be able to set the same standards as in the case of an issuance of shares (IPO). Above all, the less transparent ICO projects, the substance of which must be seriously questioned, should make it harder to collect money through the higher standards.
However, it must be made clear that the regulatory proposals are by no means to be negative, since they are aimed at regulating or creating a legal framework and no ICO ban, as we currently have in China. Similar to the USA, the authority reserves a case-by-case decision.
Consumer protection is also to be increased at ICOs by means of a securities prospectus, as is customary with IPOs, provided that a classification as a securities is given. However, this regulation is primarily intended to be applied to ICOs on the basis of securities.
Existing digital currencies, on the other hand, would be treated as raw materials, such as gold or oil, and would thus be subject to lower regulation. The effects on digital currencies would therefore be practically very small, in essence much of the current situation would not change.
Overall, a very positive statement from the Financial Services Regulatory Authority. Finally, the protection of investors and consumers at ICOs is to be increased without too much restricting the existing crypto ecosystem
Don't miss your CHANCE to WIN 20 Whaleshares or a 20% upvote from @officialfuzzy in the 🏆BITCOIN COURSE CHALLENGE Week 1🏆
How and where to participate, you can see HERE!!!
I wish you all a lovely Thursday!!!
ⓁⓄⓥⒺ & ⓁⒾⒼⒽⓉ
Best regards
@danyelk
.gif)
the world is changing so fast!!
There is more to life than increasing its speed.
- Mahatma Gandhi
img credz: pixabay.com
Nice, you got a 4.8% @minnowbooster upgoat, thanks to @danyelk
Want a boost? Minnowbooster's got your back!
The @OriginalWorks bot has determined this post by @danyelk to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
To enter this post into the daily RESTEEM contest, upvote this comment! The user with the most upvotes on their @OriginalWorks comment will win!
For more information, Click Here!
Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!
This post has received a 4.04 % upvote from @buildawhale thanks to: @danyelk. Send at least 0.50 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.
To support our curation initiative, please vote on my owner, @themarkymark, as a Steem Witness