BitTorrent Token Sale Completes in 15 Minutes Amid Astronomical Demand

BitTorrent Token Sale Completes in 15 Minutes Amid Astronomical Demand
BitTorrent, the company acquired by Tron, has seen great success in the public sale of its BTT Tokens. The company raised millions of dollars in a matter of minutes, despite the fact that some technical difficulties took place. The news has been published on Twitter by Tron CEO Justin Sun.

It is official: In the BNB session, all 23.76 billion BTT were sold to token sale participants within 13 minutes and 25 seconds. Meanwhile, in the TRON session, all 35.64 billion BTT were sold within 14 minutes and 41 seconds. #BTT $BTT #BitTorrent #TRON
— Justin Sun (@justinsuntron) January 28, 2019

At 3:00 UTC, the token sale started. It was organized on Binance Launchpad, a token sale platform run by the Binance exchange. Two simultaneous sales were run for Binance Coin and Tron. BTT investors could participate through two separate sale sessions, one for those paying with the token native to the Tron blockchain, TRX, and the other for those paying with Binance’s native exchange token, BNB. Each BTT token was valued at $0.00012.
Both the sales lasted less than 20 minutes due to the heavy demand. More than 59 billion tokens were sold in the BitTorrent public sale. In all, the BNB-BTT sale sold 23.76billion BTT tokens, with the TRX-BTT sale selling 35.64billion tokens. BTT tokens sale raised a total of $7.2 million. There were about620 contributors to the TRX session and about 340 contributors on the BNB session.
As Binance CEO Changpeng Zhao said, the sale could have ended in just seconds if not for technical issues with the Launchpad platform.

Both sessions concluded. Took about 18 minutes, due to a system issue, would have taken 18 seconds otherwise. Demand was astronomical.
— CZ Binance (@cz_binance) January 28, 2019

Full transparency. The issue experienced today was caused by the "user agreement confirmation" button caching/locking. Most of the stress tests focused on the buy process, this part was not covered thoroughly enough. The order of requests received was preserved.
— CZ Binance (@cz_binance) January 28, 2019

Justin Sun said:
“We had tremendous success during our crowdfunding on Binance Launchpad, which sold out in less than 15 minutes amidst a very positive response, right before the Q2 launch of BitTorrent Speed and its accompanying products.”
He added:
“The BTT token will be instrumental in its ability to incentivize users on BitTorrent, to share and seed [media] on the platform.”
As Binance Launchpad overloaded, many buyers could not purchase BTT. Sun tried to work out a solution. Later, he wrote on Twitter:

I would like to explore the possibility with @binance to giveaway free $BTT to everyone on launchpad fails to get #BTT today. #BitTorrent community wants you! Not 100% guarantee. Need to figure out detail. BUT RT if you agree! @cz_binance #TRON $BNB $TRX
— Justin Sun (@justinsuntron) January 28, 2019

The BitTorrent token sale is one of the most successful crowdfunding events in months.
About BitTorrent
BitTorrent Inc. is an Internet technology company based in San Francisco. The company designs distributed technologies that scale efficiently, keep intelligence at the edge, and keep creators and consumers in control of their content and data. Every month, BitTorrents provides services to more than 170 million people use. Its protocols move as much as 40% of the world’s Internet traffic on a daily basis.
Recently, the company revealed details regarding BitTorrent (BTT) airdrops for TRON (TRX) holders.
BTT is a TRC-10 token that incentivizes improved file sharing on the network. It is the first BitTorrent’ token. BTT allows content creators to connect with their audience, earn and spend digital currency without a middleman. By connecting the BitTorrent peer-to-peer network to the TRON blockchain, we offer a new experience to over 100 million users. BTT forms part of BitTorrent’s new sharing system and speeds up the content sharing process on the platform.
On February 11, 2019, BitTorrent Foundation will initiate its first airdrop of BitTorrent (BTT) to TRON (TRX) holders. The plan of the company is as follows: over the next 12 months following this initial airdrop, 11,880,000,000 BTT will be offered to TRX holders, corresponding to 1.2% of total supply.
In 2020, the BitTorrent Foundation will airdrop 12,870,000,000 BTT, corresponding to 1.3% of the total circulating supply, and over the next six years, the percentage airdropped will increase by 0.1% per year, reaching 1.7% in 2025.
The ratio of BTT airdrop on Feb 11 is approximately 1 TRX = 0.11 BTT. Airdrops will be initiated the 11th of each month at 0:00 UTC.
BitTorrent Token Sale Completes in 15 Minutes Amid Astronomical Demand

Bitcoin (BTC) Extends Losses, Plummets to Worst Level Since Dec.

Bitcoin and other crypto were feeling the pinch as of Monday when selling pushed BTC to just under $3,400 per coin, registering its worst performance since mid-December.
Pulled down by considerable declines
Bitcoin hit a 6-week drop early this morning, retreating under the $3,400 mark as the broader digital currency market succumbed to extensive declines.
As of Monday, a single Bitcoin was selling $3,442.01, falling 3.5 percent since the weekend’s 4 p.m. level (Eastern Time) as reflected on the Kraken Exchange.
Bitcoin, the biggest cryptocurrency in the world in terms of market cap, hit an intra-day low of $3,395.79 earlier in the session, its weakest since middle of December, last year.
As of press time, nine out of ten cryptocurrencies by market cap hovered in the red zone on the CoinMarketCap charts, following a recent drop as of Friday.
The weekend discharge pulled the total market value of all cryptocurrencies down to $112.1 billion, as per CoinMarketCap update.
What the experts have in mind
Fundstrat Global Advisers chief, and staunch Bitcoin advocate Tom Lee disclosed in a Fox News interview over the weekend that 2018 “was not a good year because the virtual money market could not extricate itself from the string of smaller electronic currencies during the heavy sell-off.”
For eToro senior market analyst Mati Greenspan, “The crypto-asset development today is nothing more than technical.”
“There is no need for over-reaction at this stage. Bitcoin continues to trade within the fundamental area of support between $3,000 and $3,500, within the broader range of $3,000 to $5,000,” Greenspan said.
Meanwhile, key players in the virtual currency trade saw Bitcoin’s price skyrocket in 2017 courtesy of its massive global appeal.
Bitcoin ushered in the year with a market value just below $1,000 per coin before it exploded to over 2,000 percent to a peak of $19,515.
Will Bitcoin continue to fall? Share us your thoughts in the comments below!
The post Bitcoin (BTC) Extends Losses, Plummets to Worst Level Since Dec. appeared first on Live Bitcoin News.

Ripple Rolls Out RippleNet Accelerator Program to Further Push XRP Adoption

Ripple Rolls Out RippleNet Accelerator Program to Further Push XRP Adoption
Last year, a number of global financial companies and banking institutions joined RippleNet to enhance cross-border payment services. RippleNet is a blockchain consortium of over 200 companies that use Ripple’s blockchain solutions for faster and low-cost payments.
Earlier this month, Ripple added 13 new customers under its RippleNet network to leverage its blockchain solutions. In order to encourage more companies to join the RippleNet bandwagon, Ripple announced a new Accelerator Program. Currently, RippleNet operates in 40 countries across six continents.
RippleNet Accelerator Program
The RippleNet Accelerator Program aims at rewarding financial institutions promoting commercial payments on RippleNet. The participating companies shall receive rewards in form of rebates via the accelerator program. Also, from its own XRP holdings, Ripple has pumped $300 million of XRP into this new scheme. The Accelerator Program is split into two parts: ‘Adoption Marketing Incentive’ and ‘Volume Rebate’.
The Adoption Marketing Incentive maps the customers’ marketing spending to promote Ripple’s products and services to its end-customers. Furthermore, Ripple will provide its participating customers with “tailored marketing content, messaging frameworks and tools, further reducing their marketing costs”.
Note that the participating customers will get incentives on the first-come-first-serve basis. The incentives will be available either in the form of XRP or USD. However, customers willing to receive the rebates in XRP will be imposed with selling restrictions to promote healthy XRP markets. Monica Long, VP of Marketing at Ripple, said:
“We’re borrowing a page from the likes of PayPal (with their early days adoption and referral bonuses), implementing incentives to accelerate network effects on RippleNet. Since we’re offering the incentives in XRP, we anticipate seeing an added benefit of building an easy on-ramp for institutions to use XRP in their payment flows to lower liquidity cost in the future. Early reception of these XRP incentives in a test phase has been very positive.”
Volume Rebate for XRP
This portion of the accelerator program will offer integration-fee and licensing rebates to RippleNet customers. However, to receive the volume rebates, the members have to clock certain volume and integration milestones within specified deadlines. Also, based on the volumes processed, the rebates can be anywhere between 50 to 300 percent of integration fees or first-year license fees.
The reason behind developing the volume rebate is to push adoption and usage of Ripple solutions. Also, it will be available to the customers in the form of XRP or USD.
Ripple’s Blockchain Solutions Gaining Traction
With over 200 customers under the RippleNet network, Ripple’s blockchain solutions are getting huge demand from financial institutions. Earlier this month, Ripple made an entry in the Australian continent with FlashX launching a new XRP-based exchange. This move will supposedly give a big push to the mainstream adoption of XRP.
Also two weeks back, London-based Euro Exim Bank became the first traditional financial institution to fully integrate Ripple’s XRP-powered xRapid solution. The xRapid solution uses XRP tokens to provide on-demand liquidity to banks and payment service providers for cross-border payments.
Recently, Mercury Fx also clocked the largest-valued payment using XRP for funds transfer between London to Mexico. According to CoinSpeaker report, over $4500 USD were sent in a single transaction using XRP tokens.
* To learn more about XRP coin, Ripple company and their innovative solutions, please check out our awesome guide.
Ripple Rolls Out RippleNet Accelerator Program to Further Push XRP Adoption

Bitmex, OKEx, Bitfinex, and 20 Other Financial Institutions Signed up for Blockstream’s Liquid Network

Blockstream’s Liquid Network has already signed up over 23 exchanges, financial institutions, and brokers to use their Liquid Network. 
Blockstream’s Liquid Network
In its current shape, Blockstream’s Liquid Network brings about several benefits to Bitcoin’s scalability. Besides introducing quicker transactions, the Liquid Network also facilitates private transactions.
As such, it masks the amount and the asset type which is broadcasted to the network, meaning that the transacting parties will remain entirely private to all information at all times.
Recently, Blockstream announced that there are 23 exchanges, financial institutions, brokers, and traders, who are using the Liquid Network. These include major exchanges such as BitMex, OKEx, and Bitfinex.
But it seems that interest is only growing stronger.
ICE Partners with Blockstream
The operator of the New York Stock Exchange – the Intercontinental Exchange (ICE), has recently partnered with Blockstream in order to launch a cryptocurrency tracking tool for investors.

Our enhanced crypto data feed now offers greater transparency: streaming real-time data for 400+ fiat and crypto currency pairs + new venues & full Level 2 data. @Blockstream
— ICE Data Services (@ICEDataServices) January 24, 2019

Per the announcement, the new data service brought by ICE will allow for real-time and historical data collection for more than 60 different cryptocurrencies from major markets and various exchanges, including the New York Stock Exchange (NYSE) itself.
The product, introduced by Blockstream as Crypto Feed V3,  is claimed to include more than 400 cryptocurrency and fiat trading pair across more than 30 venues.
The intention of the newly formed partnership is to deliver a comprehensive data monitoring tool to investors for the most active, as well as widely transacted cryptocurrencies, according to the company.
Furthermore, the new service is also backed by the Secure Financial Transaction Infrastructure of ICE. It claims to be able to essentially eliminate downtime for investors, as well as to enable immediate notifications if there is an emergency.
What do you think about Blockstream’s rapid growth? Don’t hesitate to let us know in the comments below!
Images courtesy of Shutterstock
The post Bitmex, OKEx, Bitfinex, and 20 Other Financial Institutions Signed up for Blockstream’s Liquid Network appeared first on Live Bitcoin News.

Microsoft Stock: What Q4 Earnings Could Mean for the Market?

Microsoft Stock: What Q4 Earnings Could Mean for the Market?
As we live at the stack of digital transformation, the companies whose expertise revolves around a technical domain are now drawing maximum attention. It seems like everyone has finally put up with an inevitable hi-tech reality that gradually transforms not only our business activity but the way we think about the world.
Almost on daily basis, the tabloids announce another glorious breakthrough that is going to automate, simplify or bypass mundane workloads. Nowadays the demand for advanced technological solutions is reaching the highest heights.
Consequently, even the biggest technology companies with the long-standing expertise in the sphere face tough competition. We are speaking of the top four tech companies that are in a continuous race for dominance — Microsoft, Amazon, IBM and Apple.
Earnings Season is Open
Both investors who have already dipped their toes in the stock market and those who only consider becoming a stockholder are looking forward to the earnings season when major public companies announce their quarterly and annual earnings.
This week Microsoft, Amazon and Apple — all is going to report, as do a quarter of the S&P 500 and nearly half the Dow stocks. The perfect timing to make up one’s mind towards potential investments.
The stock market analysts crave to see the Microsoft’s report that is due on Wednesday because the company has won over the first place in terms of market capitalization being narrowly ahead of the retail giant Amazon and iPhone’s supplier Apple. Many believe that Microsoft’s report will have a huge impact on the overall market.
Microsoft Beat IBM Showing Better Dividend Growth
Out of the top-4  tech giants, a pair Microsoft-IBM has always been the most ravenous. The two companies are operating in the overlapped industry sectors, thus they are permanently at the brink of war. However, today Microsoft showcases a better market performance comparing to IBM.
Although IBM is offering a great dividend yield of 4.7 %, it faces several challenges that have made it difficult for the company to grow in recent years. Among the core issues hindering the IBM’s development was named the company’s delayed transformation from a legacy system to the nascent cloud technology.
By the time the company has realized its tremendous potential, the niche was filled with fast-paced enthusiast like Microsoft, whose cloud service Azure has largely contributed to the company’s prosperity.
Further analysts say that the dividend growth reported by IBM was artificially boosted by repurchasing shares instead of being nurtured on free cash flow. IBM literally experience difficulties with cash, as the company has $21.5 billion of net debt on the balance sheet without consideration of the financing required for the recent purchase of a $34 billion cloud platform Red Hat. After all, everything indicates that IBM might have troubles increasing the dividend growth in the future.
Microsoft, on the other hand, is soaking in cash and the company’s operating performance has been stellar. At the end of the Q3, the software giant had $59.7 billion of net cash and generated $32 billion of free cash flow over the last year. Today Microsoft pays out 40% of free cash flow in dividends promising to raise the amount over time.
Microsoft Stock: What Q4 Earnings Could Mean for the Market?

Bitcoin Cash Drops Below Tether in Market Crash: Gloomy Future

Bitcoin Cash (BCH) has lost its position as the number five largest cryptocurrency. Marking 10 percent decrease over the past 24 hours alone, BCH is down with more than 40 percent on the month. 
Tether (USDT) Overtakes Bitcoin Cash (BCH) in Market Cap
Stablecoin Tether (USDT), has overtaken Bitcoin Cash as the fifth largest cryptocurrency market capitalization. The popular dollar-pegged cryptocurrency is currently sitting on a market cap of a little over $2 billion, while BCH has fallen to about $1.96 billion as of today.
BCH is trading at about $111 at the time of this writing, which is down substantially from last month this time, when the cryptocurrency was trading at about $172.

Last year Bitcoin Cash went through a hard fork, resulting in the split between two separate cryptocurrencies – Bitcoin ABC and Bitcoin SV.
Bitcoin SV is also going down, according to CoinMarketCap. The cryptocurrency has lost about 11.5% over the past 24 hours, currently sitting at about $63.84 per coin. Its total market cap is $1.1 billion.
Tether Holds Strong
USDT, on the other hand, is seemingly holding strong.
Earlier in 2018, there were serious concerns over the actual dollar peg of the cryptocurrency, with many holding that Tether didn’t really have the monetary reserve to back up the entire circulating supply of USDT.
However, in December, those rumors began looking particularly thin. According to bank statements revealed by Bloomberg, back in January 2018, $2.2 billion was, in fact, present in Tether’s account at Noble Bank in Puerto Rico.
According to data compiled by CoinMarketCap, approximately the same amount of Tethers also existed on that day. To date, USDT remains the most popular stablecoin and the one with the largest market cap.
What do you think of USDT overtaking BCH? Do you think BCH will be able to recover? Don’t hesitate to let us know in the comments below!
The post Bitcoin Cash Drops Below Tether in Market Crash: Gloomy Future appeared first on Live Bitcoin News.

Stablecoins in 2019: Exclusive Comments from 10 Industry Executives

Stablecoins in 2019: Exclusive Comments from 10 Industry Executives
You could have heard that one of the crypto market newest trends is stablecoins. This is obvious, taking into account the volatility and the fall of the market we all have seen in 2018. Stablecoins are aimed at maximizing a stable price and are the only way to save money for lots of crypto holders these days.
How exactly will the stablecoin industry develop? Can its leader, Tether, lose it dominance? We interviewed representatives of 10 leading stablecoin projects and here are 5 stablecoin market trends you’ll most likely see in 2019.
Number of Stablecoin Projects Will Grow
The majority of stablecoin projects, that were polled, are looking optimistically towards industry development.
Dima Vol, Board Member of Mile Unity Foundation that promotes MILE stablecoin says:
“The stablecoin industry will proceed with development in 2019. More projects will come, but not everyone will be successful.”
Ali Datoo, Business Development Executive of AAA Reserve currency agrees with that:
“Hopefully we’ll be able to see more pegged stablecoins, and hybrid ones that may feature 50% of each currency to allow swapping between the two with ease.”
Shaun Djie, COO & Co-Founder of Digix, said expressing his view:
“Stablecoins will continue to provide the gateway to mass adoption due to the familiarity of dealing with a reference currency.”
Tether Likely Maintain Its Dominance
“Tether will maintain their position but the market will grow”, says Daniel Jan Neetzel, Co-Founder at
Other projects expressed the same view.
Gregory Klumov, Statis CEO & Founder emphasised that Tether’s future is very much connected with the market and a demand for an alternative. He said:
“Short term funding for the biggest stablecoin projects will expire and we will see a reality check (i.e. where real demand is to replace Tether with other USD coin).”
Still some market participants are not so optimistic about current industry leader.
“I anticipate that another USD-backed stablecoin (likely TUSD) will gain a $1B+ market cap,” thinks Ryan Rodenbaugh, Business Development Lead from TrustToken (TrueUSD), “Tether will lose its significance in the cryptocurrency markets or at least see it’s dominance extremely diminished.”
Stablecoins Start to Implement in Remittance
“I think we will see stablecoin adoption beyond just being used as the quote currency on exchanges and we will hopefully start to see P2P and cases of remittances use take off”, expressed Rodenbaugh.
Søren Peter Nielsen, Head of Product at MakerDAO agrees with Mr. Rodenbaugh. He says:
“In 2019 we expect to see businesses start to adopt crypto as a way to streamline operations and find efficiencies. For example, businesses will start integrating with blockchain enabled remittance systems.”
Stablecoins will also get more attention from business, thinks David Berger, Technical Advisor from The White Company (White Standard). The reason for that is that companies are not prepared to deal with the volatility of non-fiat backed tokens.
“Lawyers, for example; are warned that if they accept bitcoin that they must immediately convert them to USD as they could be disbarred for charging unreasonable fees which could happen in a matter of hours with bitcoin price fluctuations. A stablecoin would not have that issue,” says Berger.
Huge Corporations Will Come to the Market
“In 2019 there will be at least one big corporation launching their stablecoin,” states Daniel Jan Neetzel, Co-founder of
Andrey Peshkov, CEO & Founder of Lighthouse Blockchain, agrees with that:
“Big tech corporations will emerge and enter the stablecoin-inspired race to develop that one “killer app/product.”
The majority of our respondents expressed the same view, still some don’t believe the stablecoin market, in some perspective, will become interesting for huge corporations.
“I don’t think huge companies will come to the market. All the latest news about Facebook and a stablecoin for WhatApp, in my opinion, were simply rumors. Many media websites create them to increase readership or to create some hype in the industry”, says Hosam Mazawi, Marketing & Business Development from Alprockz.
Competition Will Grow, Weak Projects Won’t
The stablecoin industry is going to develop, so competition will grow. According to the latest study made by there are already 57 active stablecoin projects and more to come.
“In 2019, it will become obvious that the world does not need 50+ stablecoins. I think teams will realize that while the tech for fiat collateralized stablecoins is not that difficult to build out. The infrastructure (banking, legal, etc.), business development and community efforts are the real barriers to growing a stablecoin,” said Rodenbaugh from TrustToken.
The most competitive stablecoins will be those that could be used in the real economy thinks Dima Vol from Mile Unity Foundation:
“That’s certain, that the market needs stablecoins to bridge the real economy, as well as for commodity circulation between countries and cryptocurrencies, carrying decentralization and transparency principles.”
Stablecoins in 2019: Exclusive Comments from 10 Industry Executives

NYSE Arca Files a Request to Rule Changes Seeking for Bitwise Bitcoin ETF Approval

NYSE Arca Files a Request to Rule Changes Seeking for Bitwise Bitcoin ETF Approval
Earlier this month, Bitwise Asset Management applied for Bitcoin ETF which will be listed on NYSE Arca. The Bitwise Bitcoin ETF will be backed by physically held Bitcoin tokens. NYSE Arca has now completed the official paperwork for the 19b-4 rule change and is now available on the official NYSE website.
The newly filed Bitcoin ETF application by Bitwise will rely on regulated third-party custodians to hold its physical Bitcoin. Additionally, Bitwise clarified that it would draw a large amount of data from a number of crypto trading platforms, including both spot and physically settled futures contracts in order to calculate the index determining the asset value.
The filed proposal talks in detail about the methodology involved. For e.g. the index fund price will be “weighted such that bitcoin prices from exchanges with a greater amount of the trading volume in the prior hour are weighted more heavily than bitcoin prices from exchanges with lesser amounts of volume.”
The proposal further reads:
“The Exchange believes that the proposed rule change is designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest.”
Market Manipulations SEC’s Major Concern
In the previous Bitcoin ETF application by NYSE Arca, the SEC cited market manipulation as the major concern. The latest proposal from NYSE Arca also highlighted the impact of market manipulation on the bitcoin market. The proposal reads:
“… given the fungible nature of bitcoin, the Index Provider believes that the potential impact on Index values of individual exchanges experiencing outside attempts to manipulate either reported volume or reported prices is muted by the use of a large number of exchange price and volume inputs.”
The SEC has yet to review the NYSE Arca application for its approval or rejection. The ongoing U.S. government shutdown has put many SEC’s works on hiatus.
Last Wednesday, January 23, CBOE also announced the withdrawal of its much-awaited VanEck Bitcoin ETF proposal. One of the major reasons for the decision to pull back was the ongoing shutdown of the U.S. government. VanEck CEO and founder said:
“We were engaged in discussions with the SEC about the bitcoin-related issues, custody, market manipulation, prices, and that had to stop. We were trying to do that but we obviously can’t have meetings when they’re shut down. Instead of trying to slip through or something, we just had the application pulled.”
However, CBOE has announced that it will be refiling the Bitcoin ETF application while working with the regulators “to build appropriate market structure frameworks for a Bitcoin ETF and digital assets in general”.
NYSE Arca Files a Request to Rule Changes Seeking for Bitwise Bitcoin ETF Approval

Leaked: Samsung Galaxy S10 will have a built in Bitcoin and Crypto wallet

With 2019 already here, many people are already looking for information on the upcoming smartphones. One thing Crypto users can look forward to is the new Samsung Galaxy S10. A Samsung insider leaked images of the upcoming model and its native Bitcoin wallet feature.
The new Samsung Galaxy S10 is not available for purchase yet. Samsung however, reportedly already distributed the Samsung Galaxy S10 to accessory makers and merchants. The available information mentions an integrated feature named “Samsung Blockchain Keystore”.  This feature will supposedly allow users total control over their private keys and digital funds and currencies.

Galaxy s10 with crypto wallet?
— Gregory Blake (@GregiPfister89) January 22, 2019

Users are still required to activate the feature. Once enabled, users can start sending and receiving their desired Cryptocurrency with the phone’s native wallet. The leaked screenshot shows the feature only supports Ethereum, but this is probably due to the fact that the phone is still a prototype version.
Samsung Galaxy S10 will have a native Crypto wallet 
One image also showed graphics related to Bitcoin, but it’s most likely at least 5 of the top 10 Cryptocurrencies by market cap will be included by the time the phone will be available for purchase.
A lot of people have started to debate that the smartphone in the screenshot is not is not a Samsung Galaxy S10.  Upon closer inspection however, many experts noticed that the punch-hole camera is placed near the top right cover. People thought the images featured the A8 model with the selfie cam on its left side. Additional markers for the Samsung Galaxy S10 model are the single-lens selfie camera. The Lite version also features flat edges rather than curved so this leaves the Galaxy S10 as the only possible model.
Back in July 2018, Samsung Insights reported that the mobile phone is the most secure device to run a Crypto wallet on. This is because of the presence of Trusted Execution Environment (TEE). Unlike laptops or desktop computers, smartphones possess a native environment which operates independently of the memory and storage. This way, data stored in a TEE can’t be changed by the operating system, thus entirely eliminating all possibility of a security breach affecting the data stored in the trusted environment.
That makes cryptowallets so much more suited to smartphones than laptops and desktop PCs. If Samsung releases the Galaxy S10 with at least 5 cryptocurrencies in the native wallet, they will give competitors a serious challenge. HTC is already working on Blockchain phones and has stated numerous times that supports all Crypto development. HTC will quickly retaliate with a similar phone, otherwise their share price is bound to take a hit.
Read more:

HTC introduced their new Blockchain smartphone, Exodus
Cryptopia Hack was more serious than first assessments. What now?
Samsung started the production of innovative energy efficient chips
Steps to Crypto Massadoption: Crypto PoS machines will operate by 2020

The post Leaked: Samsung Galaxy S10 will have a built in Bitcoin and Crypto wallet appeared first on CoinStaker | Bitcoin News.

Move Capital Out of China: Gems Used to Evade Capital Controls

There are rumors about China’s elite circumventing capital controls. This is all thanks to Hong Kong’s precious jewelry market. A very interesting anomaly was recently detected with China’s trade data. Chinese wealthy clients seem to be overpaying for precious gems from Hong Kong. This seems to be a very interesting way for wealthy Chinese clients to move capital out of the country.
This will easily explain the huge rise of imported gemstones from Hong Kong to China. To put things into perspective, the rise is so large that it recently made up for almost 53% of China’s total imports from Hong Kong. Gem imports from Hong Kong were making up more or less 3% than the total imports back in February 2018.
The most used gemstones to move capital are diamonds and opals. Some experts believe that this is a very ominous sign for the direction of the Yuan. With the recent appreciation for the Yuan some citizens might have lost the incentive to move capital offshore. Nevertheless, as the Yuan’s value was dropping back in 2018, capital outflow was a major concern for China.
Those who are preparing to move capital out of China should be on alert
There are already many Chinese analysts on alert. They seem to be watching if the overvalued imports from Hong Kong increase or decrease heavily. If capital outflow keeps being shrouded by the imports devaluation of the Yuan is a real possibility.
The capital controls which China imposes are beyond strict. There is a $50 000 limit to the funds an individual can transfer out of China for a single year.
Additionally, an exchanging the Yuan to USD and other currencies is only allowed with special approval. Many experts have noted that in recent times these measures have been tightened even more.
There are already numerous reports of countless wealthy Chinese citizens leaving the country. This means that capital outflow is bound to increase. A few surveys note that over 30% of China’s millionaires plan to leave the country at the first opportunity.
There is even bolder information out, claiming that over 60% of the country’s wealthy is already leaving or making plans to do so.
China is also slowing down investments into companies. This shows that the country is looking to offset a potentially cooling economy by keeping money closer to home soil. Encouraging inward investments seems to be a priority since China has allegedly doubled the amount allowed to flow into the country’s equity markets via institutional investors.
Experts are already predicting a possible global recession that might be triggered by a possible slowdown in both Europe and China.
You can also check out:

KingMiner: The New Adaptive Mining Malware With Endless Possibilities
Financial Injection by China: $83 Billion to Counter Economic Decline
Swedish Crypto Trader Taxed for 300% of His Total Profits by the STA
Twitch Streamer Received 20 BTC Donation in Only One Stream


The post Move Capital Out of China: Gems Used to Evade Capital Controls appeared first on CoinStaker | Bitcoin News.